The Business Times, 20 April 2013
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2013-04-20
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The Business Times
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Title Section20 2013-04-20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g APRIL 20-21, 2013 MICA (P) 075/08/2012 S$1.00 S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION20 words
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Article29 2013-04-20 1 POLITICS THE Japanese prime minister will boost the advanced medical services sector, shift capital from low to high productivity areas and tap women’s potential. 229 words
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Article34 2013-04-20 1 FINANCE AT the end of the day, investment guru John Mauldin hopes that gold goes back to US$200 a troy ounce. “I hope that my gold becomes worthless.” 334 words
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Article28 2013-04-20 1 LAW ORDER POLICE kill one suspect in the Boston Marathon bombing in a shootout and mount manhunt for another. The suspects are brothers. 428 words
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Article29 2013-04-20 1 COMMERCE THREE-year expansion plan unveiled even as the group kicks off a countrywide recall of cars following complaints about gearbox-related problems. 529 words
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Article, Illustration1102 2013-04-20 1 Cai Haoxiang - Investment guru John Mauldin gives his take on what to bet on and what to be wary of at an event organised by BT By Cai Haoxiang haoxiang@sph.com.sg Singapore DON’T short human ingenuity, short governments, widely followed investment writer John Mauldin told his audiencePHOTO: YEN MENG JIIN - 1,102 words
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885 2013-04-20 1 Virginie Mangin - By Virginie Mangin btworld@sph.com.sg Beijing SOME days back, Liu Shixiu, a farmer in Henan province, observed Qingming, which entailed cleaning the tombs of his ancestors and making offerings. He burned paper money and lit firecrackers before the graves of his parents and brother885 words
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Page 1 Advertisements
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Advertisement31 2013-04-20 1 the MONEY SENSE Get the health cover you need 30-31 MOTORING The Audi RS6 Avant L19 the raffles conversation AP MOLLER-MAERSK CEO NILS SMEDEGAARD ANDERSEN 8-9 LIVING Milan furniture fair L2-531 words
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TOP STORIES
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Article, Illustration591 2013-04-20 2 Anthony Rowley - He will boost advanced medical services sector; shift capital from low to high productivity areas; tap women’s potential By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE Prime Minister Shinzo Abe yesterday offered further insight into what his policy of “Abenomics” would entail, beyond ending deflation andPHOTO: AP - 591 words
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MARKETS
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Article58 2013-04-20 2 HSTI 3,294.05 (-2.32) HSTI FUTURES 3,273.00 (-2.00) GSIMSCI 374.73 (+0.11) GSIMSCI FUTURES 372.90 (+1.20) Friday Change KL COMP 1,706.28 +0.02 NIKKEI 225 13,316.48 +96.41 HANG SENG 22,013.57 +501.05 SET 1,545.46 +15.70 JAKARTA 4,998.46 -14.18 MANILA 6,957.10 +99.62 KOSPI 1,906.75 +6.69 SHENZHEN B 825.85 +20.21 MUMBAI IND 19,016.46 +285.30 12noon58 words
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Article29 2013-04-20 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.378 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg29 words
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Article48 2013-04-20 2 US$ S$ US$ (S$ per US$) 1.235 (US$/S$ per 1.534 1.895 EURO(US$/S$/€ 1.308 1.615 Foreign currency per US$ S$ YEN 99.20 80.30 RM 3.036 2.457 HK$ 7.763 6.285 BAHT 28.68 23.21 RUPIAH 9,713 7,863 RENMINBI 6.179 5.002 INDIAN RUPEE 53.88 43.62 A$ 0.966 0.782 NZ$ 1.181 0.95648 words
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Article, Illustration396 2013-04-20 3 Cai Haoxiang - Mauldin says if prices go down, he gets to buy more of the metal By Cai Haoxiang haoxiang@sph.com.sg Singapore JOHN Mauldin buys some gold coins every month as “central bank insurance”, and gold comprises about 5 to 10 per cent of his assets, hePHOTO: REUTERS - 396 words
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Article, Illustration760 2013-04-20 4 US city comes to virtual standstill after a night of shooting leaves a police officer dead Reuters Watertown, Massachusetts POLICE killed one suspect in the Boston Marathon bombing in a shootout and mounted house-to-house searches for a second man yesterday, with muchReuters; PHOTO: AFP - 760 words
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Article, Illustration728 2013-04-20 4 Kenneth Lim - SATURDAY SOAPBOX Kenneth Lim kenlim@sph.com.sg Correspondent IT’S a mad, mad, mad, mad world, all right. The first thing that my wife said to me when I woke up on April 16 was: “There were two bombs in Boston last night.” Bombs in Boston. Those words728 words
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Article, Illustration535 2013-04-20 5 Ven Sreenivasan - This comes as firm kicks off the recall of 384,181 vehicles in the country By Ven Sreenivasan ven@sph.com.sg Shanghai GERMAN carmaker Volkswagen has embarked on an aggressive plan to expand its operations and market presence in its single biggest marketPHOTOS: REUTERS - 535 words
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Article, Illustration485 2013-04-20 6 S Jayasankaran - Party chairman announces move after problems with Registrar of Societies By S Jayasankaran btworld@sph.com.sg Kuala Lumpur IN an unprecedented move, the chairman of Malaysia’s opposition Democratic Action Party (DAP), Karpal Singh, said yesterday that his party will contest the May 5PHOTO: THE STAR - 485 words
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Article, Illustration567 2013-04-20 6 Pauline Ng - By Pauline Ng btworld@sph.com.sg Kuala Lumpur IT’S the “silly season” in Malaysia, what with the ludicrous antics of various political parties ahead of the May 5 polls. Not to be outdone, some enterprising locals are getting in on the act to create a bit567 words
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Page 2 Advertisements
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Advertisement80 2013-04-20 2 CONTENTS NEWS Top Stories 2-6 Week in Review 7 LIVING Design L2-5, 8 Home Garden L6-7 Raffles Conversation 8-9 Companies 10-13 From the Desk of 14 Singapore 15-16 World 17-19 Stocks Stats 21-25 Perspective 26-27 Wealth 28-35 Smart Money 30-31 Show Me The Money 33 Real Estate 34-35 Dining L9-1280 words
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Page 3 Advertisements
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Advertisement88 2013-04-20 3 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 committed to absolute standards and highest level of confidentiality. Stamford Cellars the ultimate wine cellarage for wine collectors. For88 words
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Page 5 Advertisements
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Advertisement66 2013-04-20 5 MORTGAGE LOAN CALCULATOR Want to know how much monthly instalments you have to pay for your property? Key in the price of your property Enter the interest rate, loan tenure and margin of finance Click ‘Calculate’ and we’ll do the math for you! At STProperty.sg, your ideal property isn’t hard66 words
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Page 6 Advertisements
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Advertisement78 2013-04-20 6 HOT R 0 P E R T Y pooV^/^O^gso 0 3+study+l $3.2m neg. 2350sf JAREI BARTLEY P,cr Nlo 3 H T y r s a D A D Bun9,w SSOO^s^Koo 3 600 7 JLN MENARONG 1903 c f F hold. Reno. S/sty afffr rms. Off linn tI c3 $2.7M neg.78 words
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WEEK IN REVIEW
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THIS WEEK April 15-19, 2013
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49 2013-04-20 7 THIS year could be remembered as when Chinese shipbuild-ers-turned-offshore builders sealed more jack-up rig deals than Singapore’s Keppel Corporation and Sembcorp Marine, the de facto hegemons in jack-up rigs that had a hand in building 70 per cent of the existing global fleet.49 words
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39 2013-04-20 7 AS Asian companies expand internationally and their banking needs grow more complex, they find that banks are coming up short in the two critical areas of short-term debt and liquidity management.39 words
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45 2013-04-20 7 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.45 words
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36 2013-04-20 7 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 in February.36 words
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53 2013-04-20 7 THE spectre of inflation is looming large in emerging East Asian economies as they continue to grow at a robust pace and as extreme monetary easing in advanced economies sends waves of capital flowing into these economies, driving up asset prices, said53 words
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41 2013-04-20 7 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 per cent from the corresponding month a year ago.41 words
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56 2013-04-20 7 RARELY has gold felt so unloved as prices slid to as low as US$1,322 in intra-day trading on Tuesday 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 the bull56 words
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63 2013-04-20 7 COMMUTERS who travel early into the city area by train will pay nothing at all from June 24. The Land Transport Authority announced that it is embarking on a one-year trial to offer completely free trips to those who end their63 words
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Article, Illustration115 2013-04-20 7 THE US federal government sprang into action as high security alerts were declared in Washington, DC, New York City and other major metropolitan cities in the aftermath of the most devastating terrorist act since the attacks on the WorldPHOTO: AFP - 115 words
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42 2013-04-20 7 THE home of the (near) future will come fibre-broadband ready and have better indoor 3G coverage, but the age of faster and better Internet will be fuelled by the funds of telcos and building owners.42 words
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36 2013-04-20 7 SINGAPORE’S non-oil domestic exports dipped year-on- year for a second straight month in March, but the latest drop was not as deep as in February and less than expected.36 words
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54 2013-04-20 7 THE consistent decline in Singapore’s electronics exports seems directly linked to the fact that its electronics sector is stuck with the wrong horse. As the world shifts to tablets and smartphones, the Singapore electronics story is still tied to personal computers, whose54 words
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42 2013-04-20 7 FRASER and Neave will restore its free float and remain a listed stock, the property and beverage company announced on Thursday. Vehicles for major shareholder Charoen Sirivadhanabhakdi are “currently in discussions” with the Singapore Exchange.42 words
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52 2013-04-20 7 A NEW high has been set for 99-year private housing land offered at a state tender. The $1,162.86 per square foot per plot ratio top bid from Keppel Land unit Harvestland Development for a plum site in Kim Tian Road was52 words
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Article86 2013-04-20 7 US DATA April 22 Existing home sales for April April 23 New home sales for March April 24 Durable goods orders for April April 26 GDP for Q1 SINGAPORE DATA April 23 March Index of Industrial Production Q1 real estate information April 26 March Consumer Price86 words
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Page 7 Miscellaneous
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Miscellaneous298 2013-04-20 7 CRYPTIC CROSSWORD Across 1 Dogs responsible for mother’s quarrels (8) 6 Follow Rex inside to make certain (6) 9 It may be carried on, though by-laws forbid it (6) 10 Regulation I ignored in making guns (8) 11 Result of strikes in the metal industry (8) 12 Hilda is upset298 words
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Miscellaneous17 2013-04-20 7 SATURDAY with Ludwig This property comes with a view of Sumatra on a clear day, that is17 words
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THE RAFFLES CONVERSATION
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Article, Illustration1952 2013-04-20 8 / 9 Lynn Kan - AP Moller-Maersk group CEO Nils Smedegaard Andersen is proud of the way his firm has been able to plug into the global economy through trade. By Lynn Kan By Lynn Kan lynnkan@sph.com.sg NILS Smedegaard Andersen has mastered the art of waving on the flow of discussionPHOTO: YEN MENG JIIN - 1,952 words
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COMPANIES
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574 2013-04-20 10 Ronnie Lim - Its first overseas energy-from-waste facility will be a joint venture project costing £250m By Ronnie Lim ronnie@sph.com.sg Singapore SEMBCORP Industries is developing a new energy-from-waste facility in Teesside in the United Kingdom, which together with a waste transfer station will cost a total574 words
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290 2013-04-20 10 Andrea Soh - By Andrea Soh sandrea@sph.com.sg Singapore OLAM International will release the results of its strategy review after trading hours on Thursday, the company said in a filing to the Singapore Exchange yesterday. The results are expected to reveal the firm’s stance on key290 words
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222 2013-04-20 10 Joyce Hooi - By Joyce Hooi joyceh@sph.com.sg Singapore A DIVISION of SingTel’s Optus has won a A$60 million (S$76.64 million) deal from security firm Suretek. Optus Business said yesterday that this contract, which spans five years, had been awarded for the delivery of fixed network and222 words
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322 2013-04-20 10 Jasmine Ng - By Jasmine Ng jasng@sph.com.sg Singapore SINGAPORE Telecommunications Ltd (SingTel) announced yesterday that it plans to boost the adoption and speeds of fi-bre-based services in Singapore. The news came shortly after the Infocomm Development Authority of Singapore said that from May 1 any developer322 words
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363 2013-04-20 11 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg Singapore CAPITARETAIL China Trust (CRCT) posted distribution per unit (DPU) of 2.31 cents for the first quarter ended March, down 4.1 per cent over the previous year. The trust’s number of issued units was 749.5 million at363 words
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Article508 2013-04-20 11 Kenneth Lim - It has until July 19 to restore stock’s free float By Kenneth Lim kenlim@sph.com.sg Singapore FRASER and Neave (F&N) shares will come out of a two-month trading coma to resume trading on Monday, the property and beverage conglomerate announced yesterday. Thai tycoon and F&N508 words
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Article, Illustration459 2013-04-20 11 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg Singapore CAPITACOMMERCIAL Trust (CCT) posted a distribution per unit of 1.96 cents for the first quarter ended March 31, 2013, up 3.2 per cent from 1.90 cents a year ago. Based on CCT’s closing price per unit of459 words
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254 2013-04-20 11 Bloomberg Singapore SINGAPORE Exchange, operator of Southeast Asia’s biggest bourse, said it is reviewing procedures after derivatives trading was delayed by a computer breakdown last week, sending investors to other venues. The three-hour delay, caused by a faulty system-monitoring process, sent investorsBloomberg - 254 words
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Article, Illustration524 2013-04-20 12 Michelle Quah - Joint venture with The Hongkong and Shanghai Hotels By Michelle Quah michquah@sph.com.sg Singapore YOMA Strategic Holdings, which is looking to build itself a portfolio of diversified businesses in Myanmar, has moved ahead with its plans to develop a five-star hotel out524 words
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239 2013-04-20 12 Bloomberg Singapore DOLLAR-denominated issuance in Asia outside of Japan fell from a record this week even as China Petroleum Chemical Corp, known as Sinopec, sold the region’s sec-ond-largest ever note in the US currency. Debt risk was little changed. Offerings declined 41Bloomberg - 239 words
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Article, Illustration566 2013-04-20 13 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent NOTABLE marketmoving events this week included the release of weak economic data from China, the bombings at the Boston Marathon and the stunning crash in gold prices, all of which combined with disappointing US corporate earnings to566 words
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Business briefing
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217 2013-04-20 13 CAPITAMALL Trust (CMT) has posted distributable income of $85.3 million for the first quarter, 11.3 per cent higher than the $76.6 million for the same period in 2012. Distribution per unit (DPU) for the three months ended March 31 came to 2.46217 words
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143 2013-04-20 13 TRIYARDS Holdings said it plans to buy a logistics and supply base within Western Australia’s shipbuilding and ma-rine-related belt for A$6.75 million (S$8.6 million). The engineering and fabrication arm of Ezra Holdings said its unit, SAV Land, has entered into143 words
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109 2013-04-20 13 ENGINEERING-related TEE International Ltd said that its property arm, TEE Land Private Ltd, has received a letter of eligibility to list from the Singapore Exchange for its proposed mainboard flotation. The property arm must raise at least $20 million in gross109 words
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72 2013-04-20 13 FRAGRANCE Group said its new-ly-launched Novena Regency has received strong interest from buyers who are attracted to its freehold tenure and city fringe location. Of the 72 units which were released for sale during its recent launch, 44 have already been taken up,72 words
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Article209 2013-04-20 13 VOL CLOSE Cedar 555 ,707 1 0 .1 11 .1 S i ngHaiy i 235 ,075 3 .5 0 .0 0 .0 YHM 149 ,583 3 .8 0 .1 2 .7 WE Hldgs 79 ,1 1 5 1 0 .4 0 .1 1 .0 Thai Beverage 69209 words
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Article110 2013-04-20 13 Stock name Close Change CapMallsAsia 1.980 CapitaLand 3.510 +0.060 CapitaMall 2.260 -0.020 CityDev 11.25 +0.270 ComfortDelGro 1.925 DBS Grp 15.69 +0.040 GLP 2.760 -0.010 Genting SP 1.395 -0.010 Golden Agri 0.525 HK Land 7.440 -0.130 HPH Trust US$ 0.810 -0.010 JMH 65.00 +0.050 JSH 39.60 +0.250 Jardine C&C110 words
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Article63 2013-04-20 13 BY CENTS CLOSE UP GLD 10US$ ***** 326.1 2.0 DBXT Nifty 10US$ ***** 275.5 2.1 Jardine C&C 5064 49.0 1.0 Lyxor China H 10US$ 1380 37.1 2.2 JSH 3960 30.9 0.6 DBXT S&P Short 10US$ 3194 27.2 0.7 CityDev 1125 27.0 2.5 DBXT CSI300 10US$ 792 24.7 2.663 words
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Article66 2013-04-20 13 BY CENTS CLOSEDOWN SPDRS S&P 500 10US$ ***** -60.5 -0.3 DBS Bk 4.7% NCPS 100 ***** -40.0 -0.4 DBXT MSKorea 10US$ 5490 -35.8 -0.5 IS S&P500 ***** -18.5 -0.1 HK Land 744 -16.1 -1.7 Hyflux 6% CPS 10 ***** -10.0 -0.1 OCBC Bk 5.1%NCPS 100 ***** -10.0 -0.166 words
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Page 12 Advertisements
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Advertisement69 2013-04-20 12 Check out these positions and 500 more in CATS Recruit today! National Healthcare Group has a position open for a Pharmacist Pratt Whitney has a vacancy for a Regional Finance Manager Civil Service College is recruiting a Director Institute of Public Administration Management Allen Gledhill LLP is hiring an Analyst69 words
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Advertisement24 2013-04-20 12 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG FACEBOOK.COM/HOTFMSG I 3* HOTFMSG24 words
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FROM THE DESK OF
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Article, Illustration929 2013-04-20 14 Ooi Huey Tyng - Relying exclusively on cash for your everyday spending could be making a larger dent in your finances than you think FROM THE DESK OF Ooi Huey Tyng Visa Country Manager Singapore and Brunei TODAY’S busy lifestyle means that we are always on the go929 words
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SINGAPORE
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468 2013-04-20 15 Grace Leong - Court order comes after he defaults on settlement with Singaporean investors over failed share transfer By Grace Leong gleong@sph.com.sg THE High Court has ordered Brunei’s Prince Abdul Hakeem Jefri to be examined on whether he has any property or assets468 words
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Article, Illustration478 2013-04-20 15 Teo Si Jia - By Teo Si Jia teosj@sph.com.sg WHEN money talks and action speaks louder than words, it can be hard to balance your interests in both. It doesn’t stop the people of nine-year-old marine and offshore company Amos International from trying, however. Although it is in478 words
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487 2013-04-20 15 Grace Leong - By Grace Leong gleong@sph.com.sg THE Casino Regulatory Authority of Singapore (CRA) has renewed the gaming licence of Marina Bay Sands for a further three years. In a statement yesterday, the CRA said MBS’s new licence will take effect from April 26. The casino487 words
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468 2013-04-20 16 Nathaniel Chew - Supreme Term policyholders to get cash payouts, if they pass a physical, and free consultations By Nathaniel Chew natchew@sph.com.sg GREAT Eastern Life wants to reward its policyholders for staying in the pink of health. Under its new “Live Great” Healthy Rewards programme, all existing holders468 words
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Article, Illustration235 2013-04-20 16 ABOUT 500 youths formed 88 teams to compete against each other in an eco-adventure styled after television’s Amazing Race last Saturday. The five-hour long CDL E-Generation Challenge, hosted for the fourth time by City Developments, required the teams to race across Singapore, covering the distance235 words
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Briefing
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36 2013-04-20 16 GLOBAL media and communications investment firm Saban Capital Group (SCG) announced the opening of a new office in Singapore by its wholly-owned subsidiary, Saban Capital Group (Asia) Pte Ltd, yesterday.36 words
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58 2013-04-20 16 DEPUTY Prime Minister and Minister for Finance Tharman Shanmugaratnam and Japan’s Deputy Prime Minister and Minister of Finance Taro Aso reaffirmed the good bilateral relations and financial cooperation between Ja- pan and Singapore, and pledged to do more to further strengthen bilateral financial58 words
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63 2013-04-20 16 THE inaugural Annual Scientific Sessions of Asia Pacific Heart Association 2013 which began yesterday saw the largest contingent of China cardiologists at an international cardiology conference with over 1,000 Chinese cardiologists present. During the meeting, top cardiologists from the Asia-Pacific region were also63 words
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Page 16 Advertisements
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Advertisement212 2013-04-20 16 THE BUSINESS TIMES SATURDAY SPECIAL Rotisserie Chicken extraordinaire And a complimentary Kaisserschmarrn Austrian messed-up pancake ($16) with any two main courses Charly T’s, 112 Katong 112 East Coast Road, #03-15 112 Katong, Singapore *****2, Tel: 6636 4701 Website: http://www.charlyts.com Terms Conditions Promotion valid from 20th April to 30th April This212 words
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WORLD
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444 2013-04-20 17 It urges rich nations to take into account negative spillover effects of their monetary policies on its members AFP Washington THE Group of 24 emerging and developing countries (G-24) called on the central banks in rich countries to guard against spillovers that could wreak havocAFP - 444 words
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Article, Illustration481 2013-04-20 17 Bloomberg San Francisco GOOGLE Inc, owner of the world’s most popular Internet search engine, reported profit that topped analysts’ estimates as advertisers increased spending on mobile and video promotions. First-quarter profit, excluding some items, was US$11.58 a share, Google said in a statement. Analysts hadBloomberg; PHOTO: AP - 481 words
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478 2013-04-20 17 AP Frankfurt GERMANY’S economy is bouncing back from a downturn at the end of last year, according to the country’s leading economic research institutes. In their twice-yearly report released on Thursday, the institutes said Europe’s biggest economy should see growth, moderateAP - 478 words
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476 2013-04-20 18 US bank’s strategist warns of surge in market volatility Bloomberg Hong Kong COMMODITIES, stocks and bonds are sending conflicting signals on the health of the global economy, an “impossible trinity” that may end with a surge in market volatility, according to Bank ofBloomberg - 476 words
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Article, Illustration456 2013-04-20 18 Reuters London BRITAIN’S competition body accused GlaxoSmithKline of market abuse for striking deals with three generic drugmakers that paid them to delay launching cheap copies of its antidepressant Seroxat. GSK, Britain’s biggest drugmaker, said it believed it had acted lawfully. If it isReuters; PHOTO: AFP - 456 words
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544 2013-04-20 19 Concerns over cheap home loans leading to speculation and soaring property prices Reuters Bangkok THAILAND’S booming banks are warily watching for signs of a credit bubble, even as they rake up record profits on robust loan growth on the back of a strongReuters - 544 words
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Article, Illustration558 2013-04-20 19 Reuters London THE new strain of bird flu that has killed 17 people in China has been circulating widely “under the radar” and has acquired significant genetic diversity that makes it more of a threat, scientists said yesterday. Dutch andReuters; PHOTO: AFP - 558 words
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302 2013-04-20 19 Bloomberg Kuala Lumpur MISC, the world’s second-largest liquefied natural gas (LNG) shipping company, said Petroliam Nasional Bhd withdrew its RM9.16 billion (S$3.7 billion) buyout offer after failing to win minority shareholder support. Petronas, as Malaysia’s state oil and gas company is known, increasedBloomberg - 302 words
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Page 18 Advertisements
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Advertisement13 2013-04-20 18 Fund managers inHKstill upbeaton stocks To subscribe, call 6388-3838 or go to sphsubscription.com.sg13 words
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Advertisement12 2013-04-20 18 www.omy.sg Ol z i yODCftST i *1 omyiiffi mam laS^surDiP lifestyle, omy.sg12 words
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Page 20 Advertisements
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Advertisement88 2013-04-20 20 Time is Money. We’ll make this brief PRODUCTIVITY l The Business Times > smomxn muss manes bj*uc«iioh *«>"" kitty to help THE BUSINESS TIMES HDD Bri BACK TO BASICS THE BUSINESS TIMES SMEs scoop budget giveaways FM high-speed BUSINESS TIMES BUSMESS TIMES *2 jm Read The Business Times now. Stay88 words
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Article8111 2013-04-20 21 Transaction date: Apr 19 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.4 8Telecom 13cd unch 10 13 13 13 10.6 0.8 10.7 62.3 5.8 3 A-Sonic 3.6 +0.2 31 4.1 3.6 3.68,111 words
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Article1827 2013-04-20 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21.5 15 t 800 Super 19.2 19.5 21 3.3 5.2 5.7 34.3 6.2 2.8 t AA Grp 4.1 4.1 4.9 205 3.9 54 17.2 t1,827 words
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Article186 2013-04-20 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 4 0 0 0 7 3 4 Manufacturing 67 38 42 12 5 13 79 43 55 Commerce 30 14 21 4 2 5 34 16 26 Tpt/Stor/Comms 16 15 9186 words
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Article829 2013-04-20 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Apr 15 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Metech Int'l Ltd 18-Apr-13 Choo Yeow Ming Sell 1000 0.02 *****0 5.03 *****0 4.90 Sunlight Grp Hldg829 words
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Article121 2013-04-20 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,185 22,185 131,811 131,811 Manufacturing 371,157 670,049 1,041,206 203,155 24,075 227,231 Commerce 122,104 104,813 226,917 51,493 9,482 60,974 Tpt/Stor/Comms 135,212 18,313 153,525 184,122 7,217 191,338 Finance 87,675 110 87,785 300,973 52 301,025 Construction 110,312 150,315121 words
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MARKETS
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Article93 2013-04-20 25 Apr 18 COCOA (£/tonne) Close Prev High Low May 13 1546 1545 1554 1538 Jul 13 1543 1543 1552 1536 Sep 13 1546 1548 1556 1537 Dec 13 1548 1550 1557 1537 COFFEE(US$/tonne) Close Prev High Low May 13 2043 2034 2050 2025 Jul 13 2084 2074 2092 206193 words
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Article68 2013-04-20 25 Apr 19 GOLD(US$/oz) Apr 18 Apr 19 Hong Kong 1395.00 1427.00 Apr 17 Apr 18 London 1387.44 1396.11 1389.16 1396.88 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 29.34 28.45 Source: UOB PLATINUM Lon (US$/oz) Apr 18 Close Previous PM Fix 1432.00 1436.00 AM Fix 1430.00 1440.00 Source:68 words
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Article60 2013-04-20 25 Apr 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2300.0 2283.0 2300.0 2270.0 154 3409 Jun 13 2304.0 2294.0 2317.0 2281.0 3481 ***** Jul 13 2306.0 2296.0 2321.0 2283.0 ***** ***** Aug 13 2308.0 2299.060 words
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Article90 2013-04-20 25 Apr 19 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-13 100.11 5-Year N*****0T 2.375 01-Apr-17 100.0690 words
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Article155 2013-04-20 25 Apr 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2787 1.2792 1.0352 1.0355 Canadian dollar 1.2064 1.2071 0.9771 0.9767 Euro 1.6151 1.6155 1.3076 1.3078 NZ dollar 1.0456 1.0463 0.8465 0.8470 Sterling pound 1.8945 1.8951 1.5338 1.5341155 words
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Article118 2013-04-20 25 Apr 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.302 1.240 Can dollar 1.233 1.175 Euro 1.651 1.573 Sterling pound 1.925 1.851 NZ dollar 1.073 1.013 US dollar 1.261 1.201 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article104 2013-04-20 25 Apr 18 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 13 1430.50 1422.25 1441.50 1419.00 Jul 13 1390.00 1380.00 1399.75 1375.25 Aug 13 1339.00 1331.75 1348.00 1327.50 Sep 13 1268.25 1262.00 1276.00 1259.75 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low May 13 49.66 49.39 50.08104 words
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STOCK MARKETS
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Article, Illustration20 2013-04-20 25 YTD change: +4.01% 52-week high: 3,331.26 on April 3,2013 52-week low: 2,698.90 on June 4,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration20 2013-04-20 25 YTD change: -2.84% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 18,056.40 on June 4,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration21 2013-04-20 25 YTD change: -1.08% 52-week high: 2,453.73 on May 4,2012 52-week low: 1,949.46 on Dec 4,2012 Source: BloombergSource: Bloomberg - 21 words
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Article, Illustration20 2013-04-20 25 YTD change:+28.10% 52-week high: 13,568.25 on April 12,2013 52-week low: 8,238.96 on June 4, 201 2 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration25 2013-04-20 25 YTD change:+10.94% 52-week high: 14,887.51 on April 11,2013 52-week low: 12,035.09 on June 4,2012 (Chart shows Thursday’s index closing) Source: BloombergSource: Bloomberg - 25 words
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Article68 2013-04-20 25 Apr 18 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 98.92 0.75 WTI (Near Mth) 88.35 1.50 Dubai (1-Mth F) 97.07 -0.15 Tapis blend 103.79 -0.14 Minas 97.89 -0.14 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 89.83 -0.73 Jet Kerosene 110.33 -1.67 US$/barrel OpecOil Basket Price 96.3568 words
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Article71 2013-04-20 25 Apr 18 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1884.75 1866.00 3 months 1911.50 1895.00 Copper, Grade A (US$/tonne) Cash 7061.00 7047.50 3 months 7088.00 7080.00 Lead (US$/tonne) Cash 1991.00 1997.75 3 months 2013.50 2022.00 Nickel (US$/tonne) Close Previous Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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373 2013-04-20 25 In local curr In S$ In US$ dy yr dy yr dy yr Apr 18 Index Change Change Change Change Change Change World Preliminary 1011.6 -0.5 7.8 -0.5 6.9 -0.4 5.7 EAFE Preliminary 841.6 -0.4 8.7 -0.5 5.2 -0.4 4.0 Europe Preliminary 1182.5 0.0 3.1373 words
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PERSPECTIVE
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Article, Illustration1023 2013-04-20 26 / 27 Stefan HE Kaufmann - Accelerated R&D to develop new drugs and vaccines against the disease can be achieved only with increased funding. By Stefan HE Kaufmann By Stefan HE Kaufmann ~The writer is professor of immunology and microbiology at the Charité University Clinics in Berlin and foundingProject Syndicate; PHOTO: REUTERS - 1,023 words
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Article, Illustration776 2013-04-20 26 / 27 Maarten Wetselaar - By Maarten Wetselaar ~The writer is executive vice president for Shell Integrated Gas AS Asia grows and develops, many governments are grappling with the environmental impact. Earth Day, which takes place this month, provides an opportunity to propose several ideas for addressing the region’s environmentalPHOTO: REUTERS - 776 words
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Wealth
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WEALTH INVESTING
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Article, Illustration2104 2013-04-20 28 / 29 Shane Oliver - Knowing oneself, long-term horizons, diversification and avoiding free lunch promotions are some of the key rules to observe if investors want to be in good monetary health WEALTH INSIGHTS Shane Oliver AMP Capital Investors ~The writer is head of investment strategy and chief economist,PHOTO: AP - 2,104 words
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Article741 2013-04-20 28 / 29 Kenneth Lim - Compiled by Kenneth Lim Technology Sector Neutral OCBC Investment Research April 19 RECENT GDP figures from both Singapore and China have come below the street’s expectations, with Q1 2013 y-o-y growth of -0.6 per cent (advanced estimate) and 7.7 per cent, respectively. Median forecasts, according to Bloomberg’s survey,741 words
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Article, Illustration1136 2013-04-20 32 Genevieve Cua - RetireWell factors risk of outliving your assets, inflation, investment volatility and overspending. By Genevieve Cua gen@sph.com.sg MOST financial planning discussions are likely to focus on saving and accumulation towards a retirement goal. But with more Singaporeans getting older and approaching retirement, financial advisory firm ProvidendFILE PHOTO - 1,136 words
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Article, Illustration1206 2013-04-20 33 Teh Hooi Ling - Studies show organisations benefit when employees freely contribute their knowledge and skills to others SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder AFTER the tragic events of 9/11, a team of Harvard psychologists quietlyFILE PHOTO - 1,206 words
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SMART MONEY
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Article, Illustration1889 2013-04-20 30 / 31 Genevieve Cua - As health insurance is a must in financial planning, you should consider taking one; a variety is available in the market. By Genevieve Cua gen@sph.com.sg IT is a certainty that health deteriorates with age. Alongside that, with the probability of a prolongedPHOTO: STOCK.XCHNG - 1,889 words
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783 2013-04-20 30 / 31 Genevieve Cua - By Genevieve Cua SERIOUS and persistent illness can wreak havoc on one’s finances. Health insurance, an efficient way to mitigate that financial risk, is one aspect of risk management that should not be put off for too long. Here are some principles to783 words
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WEALTH REAL ESTATE
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325 2013-04-20 34 Dip is the sharpest in three years; drop of 1.41 per cent in the week ended April 14 is fourth straight weekly decline Bloom berg Hong Kong HOME prices in Hong Kong fell the most in almost three years after the governmentBloomberg - 325 words
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Article707 2013-04-20 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MARCH 20 AND MARCH 26, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Spottiswoode Suites Apt 20/03/2013 FH 452 1015 2245 Spottiswoode Suites Apt 22/03/2013 FH 463707 words
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Article, Illustration822 2013-04-20 35 Answer to accommodation shortage at major sports and other events portable hotels made of stackable containers Bloomberg Madrid WHEN Ignis Asset fund manager David Clark first heard of Snoozebox, portable hotels made of stackable containers that have housed sports enthusiasts at events suchBloomberg; PHOTO: BLOOMBERG - 822 words
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543 2013-04-20 35 Bloomberg Tokyo GOODMAN Group, the world’s secondbiggest industrial property manager by market value, plans to increase rents in Japan by about 5 per cent amid rising land and construction costs. Prices of land sites used for distribution centres and the cost ofBloomberg - 543 words
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Advertisement26 2013-04-20 30 / 31 This column on financial products is sponsored by MoneySENSE, a national financial education programme in Singapore. Find out more about other common financial products at www.moneysense.gov.sg26 words
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Page 36 Advertisements
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Advertisement158 2013-04-20 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE UNDERSTATED PRESENCE OF THE JULES AUDEMARS COLLECTION DERIVES FROM A CLASSIC SIMPLICITY AND POISE THAT IS DRIVEN BY THE CRAFT AND MECHANICAL INNOVATION OF ONE OF THE WORLD'S THINNEST, MOST ELEGANT CALIBRES. WHILE THE RULES OF EFFICIENT MANUFACTURE DICTATE THAT158 words
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Advertisement57 2013-04-20 1 HOME GARDEN Designing a good feeling L6-7 DINING PasarBella, gourmet farmers’ market L10-12 LivingBTTHE BUSINESS TIMES WEEKEND APRIL 20 21 2013 DESIGN ON THE MOVE Milan furniture fair spotlights travel L2-5 SALON INTERNAZIONALE DEL MOBILE, BACCARAT GADGETS HTC’s the One L13 SPORTS Cardiff’s unlikely rise L16 MOTORING Beetle gets more57 words
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BT Living
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DESIGN
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Article, Illustration992 2013-04-20 2 / 3 Lim Sio Hui - From non-Italian aesthetics to more mobile lifestyles, the range displayed at the Milan furniture fair Salone shows the nexus of design has shifted. By Lim Sio Hui By Lim Sio Hui btnews@sph.com.sg IF you’re wondering where your designer neighbour disappeared to last week, it was probablyPHOTOS: LIM SIO HUI - 992 words
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Article, Illustration316 2013-04-20 2 / 3 Lim Sio Hui - Crowds linger to chat with designers at Singapore Lah!, a sign of success By Lim Sio Hui SINGAPORE design took the stage at Milan design week with Singapore Lah! with a prominent position at the Zona Tortona design district. The joint exhibition organised by ingapore Furniture Industries CouncilPHOTOS: LIM SIO HUI - 316 words
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Article, Illustration570 2013-04-20 4 / 5 Lim Sio Hui - Hui takes a look at some outstanding displays at the Salone Internazionale del Mobile Lim Sio Hui btnews@sph.com.sg At home with art The blown-up art photography of Erwin Olaf forms a dramatic backdrop for Moooi’s 2013 showcase, designed as complete room settings for the first time. Marcel WandersPHOTOS: LIM SIO HUI, HIROSHI IWASAKI (NICHETTO = NENDO) - 570 words
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Article, Illustration968 2013-04-20 8 Tay Suan Chiang - Barlas Baylar takes wood from salvaged and damaged trees and crafts them into beautiful furniture. By Tay Suan Chiang Tay Suan Chiang taysc@sph.com.sg LOOK at a tree trunk and that’s what you see a part of a tree. But not Barlas Baylar, who turns wood fromPHOTOS: HUDSON - 968 words
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HOME & GARDEN
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Article, Illustration1067 2013-04-20 6 / 7 Tay Suan Chiang - Andrew Martin Interior Design of the Year finalist Nikki Hunt believes that interior design is about improving lifestyles. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg IF YOU think that good interior design simply means filling a home with designer sofas, think again.PHOTOS: JO ANN GAMELO-BERNABE - 1,067 words
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DINING
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Article, Illustration1310 2013-04-20 9 Jaime Ee - If you are wont to shell out hundreds of dollars or get all dressed up for one of the World Gourmet Summit’s fancy dinner soirees, you can still sample some of the visiting chefs’ signature dishes at their host restaurants at more palatable prices. Jaime EePHOTOS: JAIME EE, THE PRIME SOCIETY - 1,310 words
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Article, Illustration2250 2013-04-20 10 / 11 Debbie Yong - The scaffolding is slowly coming down and the signboards are still being put up, but anticipation is already rife over PasarBella, Singapore’s first permanent gourmet farmers’ market at The Grandstand. Ahead of its soft launch on May 4, Debbie Yong sniffs out some of the gourmet retailers toALL PHOTOS BY DEBBIE YONG; PHOTOS BY DEBBIE YONG - 2,250 words
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Article, Illustration443 2013-04-20 12 Ng Zhuo Yang - By Ng Zhuo Yang ngzy@sph.com.sg Oceans of Seafood Stall 11 THIS new seafood retailer and restaurant seeks to bring high quality fish, crustaceans and shellfish all under one roof. Home chefs get to pick from a diverse range of produce and have them443 words
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GADGETS
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Article, Illustration467 2013-04-20 13 Christopher Lim - Its Google Android flagship tips its hat to the iPhone’s design. By Christopher Lim limchris@sph.com.sg HTC One $968 (32GB) or $1,068 (64GB) without contract DECIDING on a mobile phone can mire shoppers in turgid specifications, but it’s a lot easier when you can pinpoint what’s most important467 words
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BEAUTY
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Article, Illustration745 2013-04-20 14 Corinne Kerk - Tangs revamps its entire seventh floor into a one-stop beauty and wellness retreat right in the heart of the city. By Corinne Kerk By Corinne Kerk btnews@sph.com.sg IN the Bible, the number seven symbolises perfection or completion and perhaps the powers that be at Tangs department storePHOTOS: TANGS SEVIIN - 745 words
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HEALTH
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Article, Illustration1343 2013-04-20 15 Chong Yeh Woei - The worrying part of this outbreak is that while the virus seemed not that deadly in birds, it was quite deadly when it made the jump to man. By Chong Yeh Woei By Chong Yeh Woei ~Dr Chong is a physician at the Singapore Medical SpecialistsPHOTO: REUTERS - 1,343 words
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SPORTS
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Article, Illustration682 2013-04-20 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent RARELY does a football team celebrate after playing out a goalless draw like as if it had won the World Cup. But the scenes of delirium at the final whistle after Cardiff City earned that solitary point682 words
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Article, Illustration665 2013-04-20 16 jason de la pena - grand slam with jason de la pena ~The writer is a presenter with Fox Sports Central, Fox Sports’ flagship news programme that offers a comprehensive coverage of sports news from around the world. IT took 222 days from last June to this February for RafaelPHOTO: AP - 665 words
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GOLF
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Article, Illustration1184 2013-04-20 17 Justine Moss - Khao Yai, a two-hour drive from Bangkok, offers a host of first-class greens in an alpine climate. By Justine Moss By Justine Moss btnews@sph.com.sg PICTURESQUE Kirimaya golf course layout is challenging but will appeal to golfers of all playing abilities. The par-41,184 words
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MOTORING
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Article, Illustration631 2013-04-20 18 Samuel Ee - The Bahrain Grand Prix could offer both on and off-track action. f1 watch By Samuel Ee samuelee@sph.com.sg ANGER, dissent and clashes it looks like the Red Bull team will feel right at home in Bahrain this weekend. While some in the Formula One fraternity may question thePHOTOS: AFP, REUTERS; PHOTO: AFP - 631 words
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Article, Illustration689 2013-04-20 19 Samuel Ee - The Audi RS6 Avant is faster and lighter and more fuel efficient. By Samuel Ee samuelee@sph.com.sg DON’T you sometimes wish your supercar was a bit more practical? Audi probably thinks so, that’s why it created the RS6 Avant. Like the RS4 unveiled last year, the third-gener-ation Audi689 words
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Article, Illustration614 2013-04-20 20 Samuel Ee - The Volkswagen Beetle is now available with a bigger 1.4 TSI engine. By Samuel Ee samuelee@sph.com.sg IT is not quite a fighting Beetle yet but it is certainly a more powerful one. The Volkswagen Beetle is now available with a bigger 1.4-litre twincharged engine. The Beetle614 words
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Page 13 Advertisements
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Advertisement992 2013-04-20 13 wine&dine with BTWeekend AquaMarine Marina Mandarin Singapore 6 Raffles Boulevard Level 4 Deserving Treat for the Heart of the Office Till April 26, 2013 Show your appreciation to your able assistant this Administrative Professionals’ Week by treating them to a sumptuous buffet at AquaMarine. Enjoy tantalising Asian and international fare992 words
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Advertisement28 2013-04-20 14 HOME NEE .a.. Keep your produce fresh with a good fridge! To find out more, turn to CLASS 90 in CATS Classified in The Straits Times now. WATS28 words
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