The Business Times, 2 May 2013
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2013-05-02
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The Business Times
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Title Section25 2013-05-02 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 Thursday, May 2, 201325 words
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Article, Illustration842 2013-05-02 1 LEE U-WEN - It is critical that it retains reputation for reliability and, openness, he says By LEE LEE U-WEN [SINGAPORE] Investments are still critical to transform Singapore’s economy and to upgrade workers, Prime Minister Lee Hsien Loong said at the annual MayPHOTO: DESMOND LIM/THE STRAITS TIMES - 842 words
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886 2013-05-02 1 TEH SHI NING - But some urge govt watch on rising costs and shrinking talent By TEH SHI NING [SINGAPORE] Semiconductor players remain positive about their future in Singapore, but as they transform themselves to design and make higher value-added components, some say the Republic also needs to watch its886 words
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Advertisement198 2013-05-02 1 MALAYSIAN ELECTIONS Can the good Dr Kumar repeat his feat? PAGE 9 COMMENTARY Where to find long-term funds for development? PAGE 24 PROPERTY Business as usual for Japanese developers here page 32 MARKET CAPITALISATION Fresh peak of $957b reached in April PAGE 7 SMEs know that they need to raise198 words
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TOP STORIES
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Article299 2013-05-02 2 Electronics sector remains upbeat SEMICONDUCTOR players remain positive about their future in Singapore, but as they transform to design and make higher value-added components, some say the Republic also needs to watch its rapidly rising labour and energy costs. FRONT PAGE S’pore must continue to be attractive INVESTMENTS299 words
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645 2013-05-02 2 JEFF PAO - Monetary policy will remain nimble, as April data points to weak demand By JEFF PAO EJ Insight [HONG KONG] China’s monetary policy stance is most likely to remain loose in May and June as the latest purchasing managers’EJ Insight - 645 words
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423 2013-05-02 2 MINDY TAN - Increase supported by strong growth in the Chinese market By MINDY TAN [SINGAPORE] Asia-Pacific carriers’ traffic rose 5.4 per cent in March, compared with the previous year, according to latest figures from the International Air Transport Association (Iata). This was supported mainly by strong423 words
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Article, Illustration1038 2013-05-02 4 AMIT ROY CHOUDHURY - Sector is diversified and can adapt to fast-changing developments By AMIT ROY CHOUDHURY [SINGAPORE] Despite the recent poor export performance, the Singapore electronics industry, which accounts for 5 per cent of GDP (gross domestic product) and provides for about 80,000 jobs, has sufficientPHOTO: BLOOMBERG - 1,038 words
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Article, Illustration485 2013-05-02 4 LEE U-WEN - SNEF chief says he senses a change in SMEs’ attitude By LEE U-WEN [SINGAPORE] More businesses here are accepting the fact that there will be fewer foreign workers to recruit over the long term, said Stephen Lee yesterday. The president of the SingaporeST FILE PHOTO - 485 words
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435 2013-05-02 4 LATEST US DATA Reuters Bloomberg AFP [NEW YORK] The US economy is encountering a soft patch as its manufacturing sector showed signs of a slowdown while companies saw a fall in hiring. Construction spending also fell unexpectedly. Manufacturing expanded last monthReuters; Bloomberg; AFP - 435 words
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715 2013-05-02 4 NISHA RAMCHANDANI - By NISHA RAMCHANDANI [SINGAPORE] Travel retail group Nuance-Watson Singapore (NWS) is expanding and diversifying in Singapore and Malaysia as it seeks to ride on the growing number of travellers in Asia. A joint venture between the Zurich-based Nuance Group and AS Watson Group715 words
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Page 2 Advertisements
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Advertisement64 2013-05-02 2 claude bernard swiss made watches i S < 1 o <o doude bernard AQUARIDER 25 U) n-/ 01 '20 0 40 TO I <2 -■'ACi Q> S2D Svv/ss OS AQUARIDER Engineered for extreme water sports Available at Tangs Orchard VivoCity; Robinsons Centrepoint; OG Orchard Point and authorised watch retailers Sole64 words
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Advertisement197 2013-05-02 2 0< 3 j Internationalisation ofSWEs: Strategies and Opportunities Internationalisation of SMEs: Strategies and Opportunities Meet top movers and shakers from the business community for a once in a lifetime learning and networking experience! Keynote Speaker Mr Suhaimi Rafdi (Singapore) CEO, Cathay Organisation Holdings Datuk Dr Maznah Hamid (Malaysia) Executive Chairman,197 words
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Advertisement178 2013-05-02 3 The Sharan. The ultimate MPV. Class-leading performance. The Sharan has a 2.0 TSI engine with 200 bhp and a 6-speed DSG gearbox giving it a 0-100 km/h time of just 8.3 seconds. And it still has amazing fuel economy of 8.5 L/100 km. More space, comfort and convenience. Enjoy electric178 words
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Page 4 Advertisements
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Advertisement208 2013-05-02 4 B 4-To-Go (HSBC Exclusive) fr$394* 3-NIGHT BEST OF MALAYSIA CRUISE MARINER OF THE SEAS Departures: Jun 1, Nov 15,22,29, Dec 6,13,20, 2014 Jan 20, Feb 12&27 Port-of-call: Kuala Lumpur (Port Klang) 4/5-NIGHT ISLES OF SOUTHEAST ASIA CRUISE MARINER OF THE SEAS Departures: Jun 4, Nov 10 A 18,25, Dec 2,9,16,23208 words
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Advertisement266 2013-05-02 5 OVER $1 BILLION DISTRIBUTED TO CLIENTS. WE'VE PLANNED AND DEVELOPED THE LAND WITH GREAT RESPECT. AND THE LAND HAS PAID OUR CLIENTS BACK. ark -.5 srs MRkA Mixed Use "I School Park MDR Walton has been transforming land into solid investments for over 30 years. Grounded in unparalleled research, our266 words
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COMPANY NEWS
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Article, Illustration492 2013-05-02 6 MINDY TAN - New entity to invest in, own and operate energy related infrastructure By MINDY TAN FROM today, Keppel Energy Pte Ltd and Keppel Integrated Engineering Ltd will come under one umbrella in the form of newly incorporated Keppel Infrastructure Holdings Pte Ltd. The new unit492 words
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Article512 2013-05-02 6 Results for Q1 ended March 2013 NET PROFIT (S$M) TURNOVER (S$M) COMPANY CURRENT PREVIOUS CHG CURRENT PREVIOUS CHG OCBC Bk 696.0 832.0 -16.3 1,588.0 1,797.0 -11.6 Jardine C&C 286.7 328.9 -12.8 6,471.5 6,883.6 -6.0 Great Eastern 207.5 262.5 -21.0 1,620.1 1,470.0 10.2 CapitaLand 188.2 133.2 41.2 661.9512 words
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942 2013-05-02 7 MINDY TAN - Fourteen of the 30 stocks making up STI show increase in market value By MINDY TAN THE total market value of companies listed on Singapore Exchange (SGX) hit a fresh peak of $957 billion as at end-April, surpassing the record reached942 words
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329 2013-05-02 7 LEE MEIXIAN - This is to allow all conditions to be met By LEE MEIXIAN VIRGIN Australia and Tiger Airways have agreed to extend the completion date of the sale of a 60 per cent stake in Tiger Australia to Virgin, in order to329 words
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286 2013-05-02 7 LEE MEIXIAN - By LEE MEIXIAN YOMA Strategic Holdings, a property developer in Myanmar, has obtained an extension for a deadline for it to accept the offer to acquire the land development rights of a 12-acre site along the Hlaing River. The deadline has been286 words
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Advertisement174 2013-05-02 7 ESI i" J WBSKSB S#« i H r 1 rc U if,? il JT-si 1 H ii Hr T T 5 i Si w mmj dk -v BG Singapore Gas Marketing is currently holding an open season for potential buyers of regasified LNG (liquefied natural gas) within Singapore. The new174 words
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SINGAPORE NEWS
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Article, Illustration460 2013-05-02 8 JASMINE NG - Greater confidence here with better job prospects and personal finances By JASMINE NG SINGAPOREANS are feeling more inclined to reach for their wallets as better job prospects and personal finances stoke confidence, according to a Nielsen global consumer confidence survey. Consumer confidence here indexedSource: Nielsen - 460 words
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Article, Illustration1052 2013-05-02 8 AMANDA TAN - By AMANDA TAN RUNNING is big business these days in Singapore. From a mere 6,000 in 2002, the number of participants in the Standard Chartered Marathon Singapore grew to 53,000 last year. Such a surge in interest is also seen in other races such as the Sundown1,052 words
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277 2013-05-02 8 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD ($m) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE GROSS YEAR RAISED ISIN CODE MATURITY DATE 01.07.2013 NX*****Z 2003 2 1/4 6200.00 1/1 1/7 119 100.34 0.26277 words
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Advertisement987 2013-05-02 8 KOON HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****3284M) (ARBN 105 734 709) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on 17 May 2013 at 9 a.m. at 48 Boon Lay Way Singapore987 words
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MALAYSIA/INDONESIA
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Article, Illustration409 2013-05-02 9 [JAKARTA] Indonesian workers converged on central Jakarta in a massive May Day rally yesterday, halting public transportation and closing down major roads. Workers and labour union members marched to the State Palace and the Ministry of Manpower and Transmigration in protest a t tPHOTO: AFP - 409 words
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299 2013-05-02 9 Reuters [JAKARTA] Indonesia’s manufacturing activity hit a six-month high in April and factory gate prices rose at a faster pace than March, the HSBC Markit’s survey showed yesterday, strengthening the view that inflationary pressures are building up in the economy. The April purchasingReuters - 299 words
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714 2013-05-02 9 S JAYASANKARAN - The man who toppled Samy Vellu once again has a tough fight against the BN By S JAYASANKARAN in Sungei Siput, Perak WE had stopped to ask for directions and the Malay woman selling banana fritters at a roadside stall in the semi-rural714 words
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Page 9 Advertisements
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Advertisement12 2013-05-02 9 Four Seasons Hotel, Windows West Room, 20/F 190 Orchard Boulevard, Singapore *****612 words
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GREATER CHINA/INDIA
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Article, Illustration659 2013-05-02 10 Cultural taboo of not having to buy the finest diamonds has been broken Bloomberg [LONDON] China’s burgeoning middle class is buying diamonds so quickly that the price of mass-market stones is rising faster around the world than for top-quality jewels affordable only toBloomberg; PHOTO: AP - 659 words
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305 2013-05-02 10 Bloomberg [SYDNEY] China led a jump in investment in Asia-Pacif-ic commercial properties to US$4.2 trillion in 2012 as economic growth drove up capital values and supported new construction, according to London-based broker DTZ. Investors bought US$300 billion of commercial property across theBloomberg - 305 words
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415 2013-05-02 10 Reuters [NEW DELHI] India has cut tax rates for foreign investors on interest income from investments in government and corporate debt, hoping to attract more funding to bridge its current account deficit and polish its reformist credentials. The change in withholding tax,Reuters - 415 words
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Advertisement15 2013-05-02 10 Organiser My R aper sa i ssss 3 iv^®SeeV ouwmorto'N'. Official Venue Online Partner STJOBS15 words
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Advertisement11 2013-05-02 11 IMPROVED DPU YIELD FOR FY2013 10.0% 8.3% Existing Unitsvii Post-Rights i11 words
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ECONOMY WATCH
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774 2013-05-02 12 They report strong Q1 results, helped by cost-cutting, better performance of major units NYT [LONDON] Despite persistent unemployment, malaise and continuing debt problems, one sector in Europe seems to be benefiting: European banks. After years of painful job cuts and moves to make portfoliosNYT - 774 words
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Article, Illustration604 2013-05-02 12 Reuters [DUBLIN] Ireland may spend any spare cash from future budgets rather than ease austerity measures, Finance Minister Michael Noonan said on Tuesday, after it left its plans to cut spending by 5.1 billion euros (S$8.2 billion) for the nextReuters - 604 words
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Article, Illustration832 2013-05-02 12 Stimulus ineffective as rest of Europe is recovering slowly Bloomberg [COPENHAGEN] Denmark is on the verge of its third recession since the global financial crisis erupted as stimulus measures fail to deliver a recovery from the nation’s burst housing bubble. “We’re in the sameBloomberg; PHOTOS: BLOOMBERG, REUTERS - 832 words
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422 2013-05-02 12 AP [CANBERRA] Prime Minister Julia Gillard has pinned her government’s re-elec-tion hopes on a new welfare scheme for the disabled, proposing on Tuesday a new tax to better fund care for Australians with severe physical and mental disabilities. The tax would not beAP - 422 words
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198 2013-05-02 12 Bloomberg [SYDNEY] A gauge of Australian manufacturing slumped to a four-year low in April as the sustained strength of the currency weighed on exporters. The manufacturing index plunged 7.7 points to 36.7 last month, the Australian Industry Group said in a survey yesterday. TheBloomberg - 198 words
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Advertisement54 2013-05-02 12 Connecting Buyers Sellers at Gifts Premiums Fair 2 0 13 10-12 JULY 2013 MARINA BAY SANDS SINGAPORE for editors. •MS •ua Organised By: BIZL N K Exhibition Services Pte Ltd A SUBSIDIARY OF SjSl Blk 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel: (65) 6848 5938 Fax: (65) 6848 418254 words
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WORLD
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Article, Illustration1026 2013-05-02 13 Firm turns to cheap debt to help fund US$100b payout to shareholders NYT [NEW YORK] With a US$145 billion cash hoard, Apple could acquire Facebook, Hewlett-Packard and Yahoo. Put another way, it could buy every office building and retail space in New York,NYT; PHOTO: AFP - 1,026 words
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384 2013-05-02 13 Seven remain at joint industrial zone in North Korea AFP [SEOUL] South Korea said yesterday that it was edging towards a deal with North Korea to ensure the return of the remaining workers at a joint industrial zone that has become aAFP - 384 words
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Article, Illustration785 2013-05-02 14 Fashion is key to the Cool Japan project aimed at increasing exports, tourism Xinhua [TOKYO] In a bid to offset the nation’s dependence on auto and electronics exports amid slumping global demand and economic malaise, the Japanese government is turning to culturalXinhua; PHOTO: COOL JAPAN MONTH RECEPTION PARTY - 785 words
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214 2013-05-02 14 AFP [WASHINGTON] Nasa said on Tuesday it will pay US$424 million more to Russia for giving US astronauts a lift to the International Space Station. The hefty bill includes the training and transporting of six astronauts to and from theAFP - 214 words
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Article312 2013-05-02 14 The ‘unprecedented’ move is to atone for a slump in its embattled electronics unit AFP [TOKYO] Dozens of Sony executives, including the firm’s chief, are foregoing bonuses this year in an “unprecedented” step to atone for a slump in its embattled electronics unit, a spokeswomanAFP - 312 words
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Article, Illustration264 2013-05-02 14 AFP [SAN FRANCISCO] Yahoo! chief Marissa Mayer hauled in US$36.6 million in pay, bonuses and stock last year after just six months at the helm of the Internet firm, with some of that time spent on maternity leave. Ms Mayer’s base payAFP - 264 words
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Article, Illustration761 2013-05-02 15 Demonstrators call for death sentence of owner of collapsed building AP [SAVAR, Bangladesh] Thousands of workers paraded through central Dhaka on May Day to demand safety at work and the death penalty for the owner of a garment factory building that collapsedAP; PHOTO: AP - 761 words
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473 2013-05-02 15 Western brands should do more for workers: activists AFP [PARIS] The deadly collapse of a Bangladesh garment factory has piled pressure on Western fashion stores that churn out the season’s hottest looks at cheap prices, many of which are sourced from sweatshopsAFP - 473 words
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575 2013-05-02 16 House prices show biggest annual rise in more than a year Reuters [LONDON] British manufacturing almost returned to growth in April and house prices showed their biggest annual rise in more than a year, suggesting that a slowReuters - 575 words
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Article, Illustration286 2013-05-02 16 AFP [NEW DELHI] The world economy is still not growing fast enough to generate jobs for tens of millions who have become unemployed but it is strengthening gradually, a top International Monetary Fund (IMF) official said yesterday. While global growth isAFP - 286 words
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483 2013-05-02 16 Buffett is expanding his bet on the Israeli manufacturer Bloomberg [NEW YORK] Berkshire Hathaway agreed to pay US$2.05 billion for the 20 per cent of IMC International Metalworking Cos that it doesn’t already own as chairman Warren Buffett expands his bet on the IsraeliBloomberg - 483 words
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Article, Illustration78 2013-05-02 16 [BERLIN] Views of photographs posted on the walls of buildings here by French graffiti artist and self-coined ‘photograffeur’ JR. The artist, known only by his initials, is currently working on a number of murals in the German capital as part of his ‘Wrinkles of theAFP - 78 words
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554 2013-05-02 16 They want to see if ‘Abenomics’ boost has staying power Reuters [TOKYO] With losses from ill-fated expansions still fresh in their minds, executives at Daiwa Securities Group and other top Japanese brokerages are waiting to see if the “Abenomics” boost has staying power beforeReuters - 554 words
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604 2013-05-02 16 Calm markets offer few global market gyrations for them to take advantage of Reuters [NEW YORK] Nelson Saiers, a trader and mathematics whiz, runs the type of hedge fund that tends to perform best when markets are going haywire.Reuters - 604 words
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722 2013-05-02 20 French president is trapped between German chancellor and own weakness at home AFP [BERLIN] A year after Francois Hollande’s election, the French president finds himself trapped in Europe between a powerful but unpopular German Chancellor Angela Merkel and his own weakness at home. Germany’s growingAFP - 722 words
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574 2013-05-02 20 Bloomberg [NEW YORK] US restrictions on same-sex marriage are making it harder for Wall Street to attract some foreign workers, say executives including R Martin Chavez, who leads equities trading for Goldman Sachs Group Inc. The rules don’t allow citizens and permanent residents toBloomberg - 574 words
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Article, Illustration441 2013-05-02 20 Bloomberg [TOKYO] NTT DoCoMo Inc, the only major Japanese wireless carrier not offering Apple Inc’s iPhone, may include Samsung Electronics Co’s Galaxy S4 among phones it will promote as it narrows the range of handsets to cut costs. In its first attempt toBloomberg; PHOTO: BLOOMBERG - 441 words
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486 2013-05-02 20 More pragmatism than romance in North-South unions AFP [SEOUL] These should be tough times for NorthSouth Korean matchmaking, but Hong Seung-Woo says the search for the right husband or wife outtrumps all other considerations even threats of nuclear war. “None of myAFP - 486 words
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350 2013-05-02 20 Reuters [WASHINGTON] The United States said on Tuesday it was prepared to examine how agricultural policy reform could boost global food security as part of a package of commitments at the World Trade Organization’s (WTO) upcoming meeting in December. “The UnitedReuters - 350 words
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941 2013-05-02 22 Bankers, finance ministers battle to block commission from writing rules NYT [WASHINGTON] Wall Street bankers and some of the world’s top finance ministers are waging a bitter international campaign to block US financial regulators from extending their policing powers far beyond theNYT - 941 words
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Article, Illustration704 2013-05-02 22 Bloomberg [NEW YORK] Softbank Corp president Masayoshi Son lashed out at fellow billionaire Charlie Ergen, saying that he doesn’t have the chops to run Sprint Nextel Corp, the US mobile phone company both men are trying to take over.Bloomberg; PHOTO: AFP - 704 words
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354 2013-05-02 22 College grads in jobs that do not need degree: survey Reuters [NEW YORK] More than 40 per cent of recent US college graduates are underemployed or need more training to get on a career track, a poll released on Tuesday showed. The online surveyReuters - 354 words
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405 2013-05-02 22 Re uters [MADRID] Spain’s four nationalised lenders reported a combined loss of 42 billion euros (S$68.4 billion) last year after booking provisions to cover bad investments in real estate. CatalunyaBanc on Tuesday posted a 12 billion euro loss last year while north-ern-SpainReuters - 405 words
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564 2013-05-02 22 Reuters [TOKYO] Sharp Corp, which supplies Apple Inc with screens for its iPhone and iPad, will post a big-ger-than-forecast net loss for the year that ended on March 31 in part because low output at its factories forced it to write offReuters - 564 words
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Advertisement156 2013-05-02 13 A DE LTA NOT JUST ANY FLAT-BED SEATS. THESE ARE DELTA'S FLAT-BED SEATS The airplane is an ideal place for you to recharge between where you're coming from and where you're going. That's why Delta Air Lines BusinessElite® flat-bed seats let you lie perfectly flat at 180 degrees. You can156 words
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Advertisement1615 2013-05-02 14 ®f t W ATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices KBC Bank N.V. (Incorporated in Belgium) Consolidated Annual Accounts As At 31 December 2012 Consolidated Balance Sheet KBC Bank does not confer lower priority to deposits of KBC Bank Singapore vis-a-vis KBC Head Office's depositors in the repayment of1,615 words
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Advertisement145 2013-05-02 15 UNIQUE ACCESSTO GLOBAL MARKETS FROM THE WORLD'S NO.l CFD PROVIDER Use our exclusive SGD-denominated CFDs to avoid currency exposure on indices and commodities and control your risk with Guaranteed Stops, with premiums from as little as 0.8 pips on forex. Plus access 24-hour trading on leading stock indices allowing you145 words
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Advertisement4046 2013-05-02 17 THIS NOTICE IS IMPORTANT AND REQUIRES THE immediately from their stockbroker, bank manager. IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as solicitor, accountant or other independent financial adviser. defined below) are in doubt about any aspect of the Proposals (as defined below) and/or the action they should take, they should seek4,046 words
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Advertisement4041 2013-05-02 18 THIS NOTICE IS IMPORTANT advice immediately from their AND REQUIRES THE IMMEDIATE ATTENTION OF stockbroker, bank manager, solicitor, accountant NOTEHOLDERS. If Noteholders or other independent financial (as defined adviser. below) are in doubt about any aspect of the Proposals (as defined below) and/or the action they should take, they should4,041 words
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Advertisement4128 2013-05-02 19 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as defined below) are in doubt about any aspect of the Proposals (as defined below) and/or the action they should take, they should seek their own financial advice immediately from their stockbroker, bank manager, solicitor, accountant or4,128 words
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Advertisement31 2013-05-02 20 1 SNGAPORES 1 HOT wrresr PR? «TS LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBOOK.COM/HOTFMSG 3* HOTFMSG31 words
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Advertisement42 2013-05-02 20 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY MANE OBSESSION For aesthetic or spiritual reasons, hair is dear to Indians. And it's big business too •0m SPELLING CHAMP IS ALSO CHESS WHIZ GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST42 words
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Advertisement18 2013-05-02 22 www.omy.sg in A SINGAPOREBLOG AWARDS IS BACK! [j m ii REGISTER YOURBLOGNOW! PRIZES WORTH OVER $35,00J H sgblogawards.omy.sg18 words
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AVIATION/SHIPPING
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Article, Illustration451 2013-05-02 23 MARIA MALA YOGALINGAM - Carriers in region record 3.3% fall in traffic in March from the year-ago period By MARIA MALA YOGALINGAM [SINGAPORE] Air-freight markets weakened in March, with most of the decline in cargo volumes borne by Asia-Pacific carriers, according to the International Air Transport AssociationPHOTO: AFP - 451 words
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Article230 2013-05-02 23 SGX '000 Apr 30 S$ +/-Vol Chuan Hup Hldg 0.27 0.01 198 Cosco Corp 0.88 -0.01 1690 CWT Ltd Vol First Ship Lea Freight Links 0.09 unch ***** Grand Banks unch unch 0 Jaya Hold Ltd 0.67 0.01 1779 K1Ventures 0.16 unch 774 Keppel Corp 10.71 0.02 8143230 words
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324 2013-05-02 23 Bloomberg [LONDON] Rates for Panamax ships that collect crop cargoes from Latin America may fall by about 50 per cent in the next four months as delays dwindle at Brazilian ports and vessel supply rises, a shipping hedge fundBloomberg - 324 words
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392 2013-05-02 23 GEORGE JOSEPH - Jude Benny to help govt review, update maritime laws By GEORGE JOSEPH [SINGAPORE] Veteran Singapore maritime lawyer Jude Benny has been roped in by the Myanmar government to help it review and update its maritime laws. Under his appointment by the Myanmar Ministry of392 words
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Article, Illustration739 2013-05-02 23 NYT [NEW YORK] From Asia to Africa to the Middle East and the Americas, the business of business travel is booming in emerging countries. And it shows. Dubai, an emirate with global ambitions to diversify, expanded its airport recently with a new terminal pavedNYT; PHOTO: AFP - 739 words
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Page 23 Advertisements
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Advertisement9 2013-05-02 23 Singapore companies take a keener interest on longneglectedfrontier markets9 words
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Page 23 Miscellaneous
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Miscellaneous363 2013-05-02 23 CRYPTIC CROSSWORD Across 1 Plain girl goes to party with navy chap (9) 9 Marketplace almost sounds weird (6) 10 Plant a shrub with berries then have some wine (9) 11 Perhaps a grave mishap I had to escape (6) 12 A hole most dreadfully repulsive (9) 13 Runs in363 words
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EDITORIAL & OPINION
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493 2013-05-02 24 EDITORIAL DESPITE the negative side-effects of the slowing Singapore economy, there are some positive signs emerging from its ongoing restructuring. The release of the Manpower Ministry’s labour report for the first quarter of this year found that employment in March grew 3.8 per cent from493 words
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Article, Illustration786 2013-05-02 24 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA’S rejection of the case filed by the Philippines regarding their maritime territorial dispute under the United Nations Convention on the Law786 words
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Article, Illustration1096 2013-05-02 24 ANTHONY ROWLEY - Concern about availability of capital for long-term investment is spreading beyond Asia ANTHONY ROWLEY Tokyo Correspondent DURING a conversation I had this week with the new president of the Asian Development Bank (ADB), Takehiko Nakao, just before he assumed his new duties atPHOTO: REUTERS - 1,096 words
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Article, Illustration1171 2013-05-02 25 NEIL BEHRMANN - A close look at their track record from gold policy to QE shows their latest move is a warning signal NEIL BEHRMANN London Correspondent EQUITY investors beware! The latest comers to the stock market are central banks. On the face of it, this isPHOTO: REUTERS - 1,171 words
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Article, Illustration1199 2013-05-02 25 YOGI AGGARWAL - YOGI AGGARWAL INDIA’S public intellectuals often decry the country’s education system. It is in a state of crisis, say newspaper editorials and commentators. After all, India stood at 71st out of 73 nations in the Programme for International Student Assessment tests last year. TheyPHOTO: AP - 1,199 words
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Article1467 2013-05-02 26 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New1,467 words
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Advertisement95 2013-05-02 26 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 1327 H Can they U find your I services H here in the I Shipping Times? M The Business Times Shipping Times PLACE YOUR AD HERE The Business Times Shipping Times CALL JOE WONG AT 9620 132795 words
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FINANCE & COMMODITIES
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Article536 2013-05-02 27 May 1 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.72 *****.82 *****.00 Jun13 *****.00 *****.00 *****.00 *****.00 ***** *****6 Sep13 *****.00 *****.00 *****.00 *****.00 37 3935 MSCI TAIWAN INDEX FUTURES SPOT 289.28 292.90 289.28 May13 292.20 294.30 291.90 ***** *****7 Jun13 581 365536 words
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373 2013-05-02 27 In local curr In S$ In US$ dy yr dy yr dy yr Apr 30 Index Change Change Change Change Change Change World Preliminary 1048.8 0.0 11.8 0.2 11.0 0.3 10.1 EAFE Preliminary 876.9 0.1 13.2 0.5 10.2 0.7 9.3 Europe Preliminary 1234.0 -0.2 7.6373 words
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Article471 2013-05-02 27 Apr 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.048 6.384 0.792 8.036 55.865 100.676 1.013 11.409 3.144 1.211 101.909 42.621 1.277 9.294 0.970 30.620 30.397 0.668 1.036 Canada 0.954 6.092471 words
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Article66 2013-05-02 27 Apr 30 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid66 words
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Article135 2013-05-02 27 Apr 30 GOLD(US$/oz) Apr 30 Apr 29 Hong Kong 1482.00 1481.50 Apr 29 Apr 30 London 1472.25 1467.17 1473.03 1468.11 Source: Thomson Reuters CAST BAR Apr 30 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 131 58 5gm 371 289 10gm 662 579135 words
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Article90 2013-05-02 27 Apr 30 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 25-Jul-13 0.24 0.20 6-Month BS*****N 01-Nov-13 0.25 0.20 1-Year BY*****H 02-May-14 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.09 100.15 100.15 5-Year90 words
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Article57 2013-05-02 27 Apr 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2240.0 2249.0 2275.0 2240.0 147 1666 Jun 13 2287.0 2283.0 2307.0 2270.0 1874 ***** Jul 13 2288.0 2286.0 2302.0 2270.0 ***** ***** Aug 13 2290.0 2283.057 words
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Article156 2013-05-02 27 Apr 30 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2769 1.2776 1.0353 1.0357 Canadian dollar 1.2188 1.2191 0.9882 0.9881 Euro 1.6133 1.6139 1.3080 1.3083 NZ dollar 1.0546 1.0553 0.8550 0.8555 Sterling pound 1.9110 1.9116 1.5494156 words
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Article121 2013-05-02 27 As at 9am Apr 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.307 1.245 Can dollar 1.242 1.195 Euro 1.653 1.575 Sterling pound 1.947 1.873 NZ dollar 1.080 1.039 US dollar 1.258 1.199 Local dollars to 100 units of foreign121 words
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Article158 2013-05-02 27 Apr 30 $S Offer Bid 0vernight 0.08 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.12 US$ 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 12158 words
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Article108 2013-05-02 27 Apr 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1467.75 1471.75 1488.75 1464.00 Jul 13 1399.00 1408.75 1423.75 1395.50 Aug 13 1339.75 1345.00 1358.75 1337.75 Sep 13 1264.75 1270.25 1283.00 1262.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13108 words
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Article94 2013-05-02 27 Apr 30 COCOA (£/tonne) Close Prev High Low May 13 1544 1523 1547 1516 Jul 13 1541 1526 1544 1515 Sep 13 1547 1535 1552 1521 Dec 13 1550 1538 1555 1526 COFFEE(US$/tonne) Close Prev High Low May 13 1965 1961 1967 1944 Jul 13 2007 2010 2011 199294 words
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1030 2013-05-02 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Albedo Limited W*****9 0.7 unch 2000 Conv Ascendas REIT.ES.1304 Exer Asiatravel.com HoldingsW*****7 1 1 25 15 Asiatravel.com HoldingsW*****5 1.3 1 27 39 Disc Best World Intl Ltd W*****5 2 1 301,030 words
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Article70 2013-05-02 27 CRUDE OIL PRODUCTS Apr 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 102.24 -1.34 WTI (Near Mth) 93.26 -0.94 Dubai (1-Mth F) 101.07 0.26 Tapis blend 107.53 0.61 Minas 103.03 0.61 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.83 0.66 Jet Kerosene 114.80 0.18 US$/barrel OpecOil Basket70 words
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Article23 2013-05-02 27 Apr 30 Apr s$ Bid Offer 1-month 1.2334 1.2336 2-months 1.2333 1.2336 3-months 1.2333 1.2336 6-months 1.2330 1.2339 Source: OCBC23 words
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Article67 2013-05-02 27 Apr 30 Apr 30 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1832.25 1860.75 3 months 1870.00 1899.00 Copper, Grade A(US$/tonne) Cash 7021.25 7120.50 3 months 7055.00 7153.50 Lead(US$/tonne) Cash 2007.00 2023.25 3 months 2027.00 2044.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.0067 words
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PROPERTY
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565 2013-05-02 28 Washington region is one of the wealthiest in the US Bloomberg [WASHINGTON] The mortgage interest deduction capital of the US lies just outside the nation’s capital. More than two of every five tax filers in the Washington area’s Maryland suburbs of Bethesda-Gaithersburg-Freder-ick claim theBloomberg - 565 words
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Article, Illustration478 2013-05-02 28 NYT [NEW YORK] In the six months since Hurricane Sandy hit, office tenants have been flocking to a huge glass tower in Jersey City, New Jersey, despite its being right along the waterfront. It may seem counterintuitive for companies to pointedly search forNYT; PHOTO: BRIAN HARKIN/THE NEW YORK TIMES - 478 words
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Article1492 2013-05-02 28 PROPERTY TRANSACTIONS FOR DISTRICTS 3 TO 21 WITH CONTRACT DATES BETWEEN APRIL 3 AND APRIL 9, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Echelon Apt 09/04/2013 99 732 1630 2227 Echelon Apt 03/04/2013 99 1001 17981,492 words
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Article, Illustration783 2013-05-02 29 Opponents say Reit holding firm lost right to force holdouts to sell out Reuters [NEW YORK] A New York judge signalled on Monday that he would probably allow the group that controls the Empire State Building to include the fabled NewReuters; PHOTO: AP - 783 words
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363 2013-05-02 29 Reuters [DUBAI] Abu Dhabi’s Aldar Properties, set to come together in a state-backed merger with Sorouh Real Estate, reported lower quarterly earnings on Tuesday in a fresh indication of continued weakness in the UAE capital’s property sector. Aldar, Abu Dhabi’s largest developerReuters - 363 words
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Article, Illustration908 2013-05-02 30 Home values in April up 10.4% on demand from Latin American investors NYT [MIAMI] Of the 22,000 condos created in downtown Miami during the boom years, only about 600 remain unsold thanks mainly to an influx of Latin American investors seeking a safeNYT; PHOTO: BLOOMBERG - 908 words
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Article, Illustration853 2013-05-02 31 MICHAEL POWELL - Abu Dhabi sheik eyes 5.3 hectares of Flushing MeadowsCorona Park By MICHAEL POWELL NYT [NEW YORK] Sheik Mansour bin Zayed al-Nahyan is a smart-looking fellow, whether clad in Burberry blue or desert white. And he is apparently a falcon-eyed businessman,NYT; PHOTO: MICHAEL APPLETON/THE NEW YORK TIMES - 853 words
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Article, Illustration1081 2013-05-02 32 NATHANIEL CHEW - Despite cooling measures and falling yen, many look to expand here By NATHANIEL CHEW THE activities of Japanese property developers here are hardly homogeneous, but there is one thing they all share a positive outlook for continued investment in theFILE PHOTO - 1,081 words
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Advertisement12 2013-05-02 28 arch.savills.asia China Hong Kong Singapore ‘Taiwan -Thailand -Vietnam Agency No. L*****88B savills12 words
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Advertisement254 2013-05-02 29 n < cn i> mO co O i Incentive for Agents For more information, please call The Green Collection FOR LEASE I Terrace house with panoramic view of the golf-course Luxurious finishes concierge services Floor area: 6,000 sq ft (approx) 5 en-suite bedrooms Roof terrace private lift Swimming pool gymnasium254 words
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Advertisement264 2013-05-02 30 Building Wealth Through Global Property Investment We help our clients identify opportunities, BUILD PORTFOLIOS AND HELP THEM MAXIMIZE THEIR WORLD-WIDE ASSETS UNDER MINIMAL RISKS. 'A 77: j V j -.-fe" ■UHMB Spi INCOME GENERATING ASSETS ~Benefitfrom secure and regular income returns plus long-term asset appreciationSingapore Commercial Buildings in Business District264 words
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Advertisement435 2013-05-02 30 FOR SALE BY TENDER GILSTEAD COURT (50-54 GILSTEAD ROAD) PRIME RESIDENTIAL SITE in District 11 Get' 1 6 Novena Square Shopping Mall Gi\stead R d e Oj 3T GILSTEAD m COURT o' J f. Moulmem Rd Square "SB?" A Lee Kampong Java Newton Quiet neighbourhood Within walking distance to two435 words
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Advertisement46 2013-05-02 30 Corals At Keppel Bay Luxury Urban Marina Living Exclusive 366 units For preview appointment, call: 9786 2726 Justin KohCEA Reg. No. R*****5F FOR SALE LEASE ORCHID HOTEL (2nd Floor) Retail: 5468 sf Office: 2217sf Frontage highly visible Along Tanjong Pagar Road Contact9090 2222Orchid Hotel Pte Ltd46 words
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Advertisement151 2013-05-02 31 HALLMARK PRIVA1 RESIDENCES rTIVl V M I Bukit Timah PREVIE\ Exclusive: 75 units Freehold 2- (969/990 sq ft) from $2.23m 3- (1,432/1,572 sq ft) from $3.11 m 4- (1,862 sq ft) from $4.02m Penthouses (2,960/3,681 sq ft) from $4.56m Special Discount available for booking prior 2 May 2013! Rudy Tedja151 words
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Advertisement333 2013-05-02 31 m MARLBOROUGH HOUSE FINCHLEY ROAD, LONDON NWS EXCLUSIVE LONDON APARTMENTS EXHIBITION, SATURDAY 4TH SUNDAY 5TH MAY 2013 11AM-7PM Shangri-La Hotel Orchid Suite Level 2, 22 Orange Grove Road Singapore *****0 computer generated image A selection of fourteen contemporary 1,2 3 bedroom apartments Prices from £415,000’ Journey times from Finchley Road333 words
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Advertisement323 2013-05-02 32 zs/a&mtasi LONDON BUSINESS SCHOOL MARYLEBONE STATION (ZONE 1) THE LANDMARK HOTEL REGENT'S PARK REGENT'S COLLEGE MARYLEBONE ROAD BAKER STREET MADAME TUSSAUD'S 1 a3 e 'K m; 5* Pi 3u e a 7 M w. -(J I 1 irmra f ..-’fit u i MHM 444 44 <11 ■<!! ■<!! inn yj323 words
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