The Business Times, 6 May 2013

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, May 6, 2013
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  • Article, Illustration
    Lock icon M’sia’s ruling National Front retains power
    524 1  -  Opposition wins three states; Najib urges all M’sians to accept his coalition’s victory By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S 13th general election turned out to be every bit as hotly contested as the surveys indicated. At press time, the ruling Barisan Nasional (BN),
    Source: Wires  -  524 words
  • Article
    Lock icon Storage firms’ business shines amid rush for gold
    948 1  -  Some banks in talks with vault operators to open vault space By ANDREA SOH [SINGAPORE] The Republic is gaining eminence as a gold storage hub, even as a plunge in the gold price further stokes Asian investors’ appetites for more physical gold.
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  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      57 1 Weekly Change ST INDEX 3,369.90 +21.03 KL COMP 1,694.77 -16.52 NIKKEI 225 13,694.04 -190.09 HANG SENG 22,689.96 +142.25 SET INDEX 1,578.95 -3.98 JAKARTA COMP 4,925.48 -53.03 MANILA COMP 7,215.35 +189.91 SEOUL COMP 1,965.71 +21.15 SHENZHEN B 823.11 +12.56 MUMBAI IND 19,575.64 +288.92 DOW 14,973.96 +261.41 NASDAQ 3,378.63 +99.37 S&P
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    • Article
      Lock icon BT WEBSITES
      23 1 For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
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    • Article
      Lock icon PRIME RATES
      28 1 SINGAPORE MALAYSIA 5.38 6.55 HONGKONG 5.00 INDONESIA 13,256 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: Bloomberg
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    • Article
      Lock icon FOREX
      49 1 US$ S$ US$ (S$ per US$) 1.234 (US$/S$ per 1.553 1.917 EURO (US$/S$/E) 1.310 1.617 Foreign currency per US$ S$ YEN 98.20 79.60 RM 3.037 2.461 HK$ 7.760 6.289 BAHT 29.64 24.02 RUPIAH 9,738 7,892 RENMINBI 6.156 4.989 INDIAN RUPEE 53.96 43.73 A$ 0.976 0.791 NZ$ 1.175 0.952
      49 words
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  • TOP STORIES
    • Article
      Lock icon Bull run gathers steam in spite of mixed data
      509 2  -  Surge expected to continue on revival of housing market, jobs, Fed stimulus WALL STREET INSIGHT By ROB CURRAN THIS may be the week investors stop worrying and learn to love one of the biggest bull markets in history. Despite frequent forecasts
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    • Article, Illustration
      Lock icon Pakatan Rakyat retains grip on prized Selangor
      539 2  -  Some PR candidates returned with much larger majorities By PAULINE NG in Kuala Lumpur PAKATAN Rakyat (PR) has maintained its hold on Malaysia’s prized state of Selangor despite Barisan Nasional’s (BN) efforts to reclaim it. As at press time, PR had unofficially won
      PHOTO: THE STAR  -  539 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      481 2 Gold storage firms’ business shines amid demand surge SINGAPORE is gaining eminence as a gold storage hub, even as a plunge in the gold price further stokes Asian investors’ appetites for more physical gold. A few banks are in discussion with vault operators to open more vault space,
      481 words
    • Article
      Lock icon Japan capital flowing to advanced economies: BOJ
      746 2  -  Kuroda says no evidence yet of flows to Asia By ANTHONY ROWLEY in Noida, India CAPITAL outflows from Japan since the Bank of Japan announced its dramatic monetary easing measures a month ago appear to have been directed so far mainly towards advanced
      746 words
    • Article, Illustration
      Lock icon Singapore closer to being Asia’s gold hub
      1005 4  -  Liberal taxes, refinery, storage, and govt backing are all in place BY ANDREA SOH [SINGAPORE] Singapore is poised to become the main gold hub in Asia, even though much work remains to be done. The Republic, which has stated that it aspires to
      PHOTO: REUTERS  -  1,005 words
    • Article
      Lock icon Surge in new precious metal dealers
      803 4  -  By ANDREA SOH [SINGAPORE] Soaring demand from local and foreign retail investors for physical gold and silver in Singapore has led to a proliferation of small precious metals dealers, and a surge in interest to store silver here. Small retailers have made their presence
      803 words
    • Article, Illustration
      Lock icon India set to woo foreign investors
      693 4  -  Govt relaxes norms relating to tax residency certificates By NEETA LAL in New Delhi INDIA’S lower house of Parliament passed the Finance Bill which aims to revive investor sentiment and speed up inflows into the dollar-starved country. Among the new measures announced by Finance
      PHOTO: BLOOMBERG  -  693 words
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      265 words
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      13 2 The best pure-play private bank in Asia. Bank EFG 30 global locations www.efgmternational.com
      13 words
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      102 3 Exact and Exultant MESURE ET DEMESURE i). i 55% a A ss; ,V X PARM GIAN I FLEIRIER 60 2040 -c V V V m mss Da Din V v V V k KALPAGRAPHE Rose gold Automatic movement chronograph Hermes Alligator strap Made in Switzerland www.parmigiani.ch PARM I GIAN I
      102 words
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      131 4 ALMATY Beijing Seoul Beijing Almaty 5 times a week Kuala Lumpur Almaty 3 times a week Bangkok Kuala Lumpur Hong Kong Ho Chi Minh Bangkok Almaty 7 times a week Seoul Almaty 2 times a week Ho Chi Minh Almaty 2 times a week Hong Kong Almaty B times a
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  • COMPANY NEWS
    • Article
      Lock icon PRIME LENDING RATES
      267 5 May 3 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia Bank of China Limited 5.50 Bank of Communications Bank of Tokyo-Mitsubishi UFJ, Ltd 5.75 Banque Internationale a
      267 words
    • Article
      Lock icon COMPANY MEETINGS
      199 5 COMPANY MEETING PLACE DATE TIME Hafary Hldgs E 8 Wilkie Road #03-08 Wilkie Road 06-May 9.30am Ecowise Hldgs E 17 Kallang Junction #04-03 07-May 2.30pm JB Foods E Chartroom Raffles Marina 10 Tuas West Drive 08-May 10.00am Forterra Trust E The Ritz-Carlton Millenia Singapore 7 Raffles Avenue 10-May
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    • Article
      Lock icon More results reinforce lower Q1 profit trend
      530 5  -  So far listed firms post $5.18b profit, a 12.8% fall over last year By LEE U-WEN ANOTHER 34 Singa-pore-listed companies announced their first-quarter results over the past week, with the numbers again showing a trend of lower profitability on the whole. The total
      530 words
    • Article
      Lock icon Set fixed periods for announcements
      592 5  -  HOCK LOCK SIEW By R SIVANITHY IT is not uncommon for some listed companies which have incurred a financial loss or have suffered a drop in income for their latest disclosure period to post the relevant figures late in the evening on the Singapore Exchange’s
      592 words
    • Article
      Lock icon Buybacks up, director trades plunge
      1918 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd Director activity plunged with just a 18 transactions worth $1.9 million during the holiday-shortened week of April 29 to May 3, according to Singapore Exchange filings. The figures were far below the
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      211 5 s A ■vs I mr >A t -‘>1 f *-V- I* wm < h" .-«?*S3r ■*BSbSa Engineered to be practical. Designed to be radical. Presenting the CIS Shooting Brake. Now with $30,000 Star Selects Demo Savings. Star Selects Demo Promotion $30,000 Star Selects Demo Savings Immediate Delivery The CIS Shooting
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market at crossroads, stick to index blue chips
      737 6  -  STOCKS R SIVANITHY Senior Correspondent ON the one hand, it is probably heartening to those who place their faith in fundamentals that a greater proportion of daily activity now comes from trading blue chips instead of rock-bottom penny stocks with no earnings.
      737 words
    • Article
      Lock icon Prices rebound, after taking a hit by weak global outlook
      715 6 COMMODITIES AFP [LONDON] Global commodity markets were hit last week by weak-er-than-expected manufacturing data in key consumers China and the United States, and news of record high unemployment in the eurozone, but many prices rebounded following the ECB interest rate
      AFP  -  715 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1383 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 1.75 2.00 4 9.80 18.37 1.82 1.80 Amtek Engineering Ltd 3.25 3.25 4 0.05 8.03 0.60 0.51 ARA Asset Management Limited 2.57
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    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 WEEKLY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 May 3 VALUE CLOSE BT OB/OS -31.00 -21.00 BT CADI -*****.00 -143.00 BT 10-day MA -*****.00 -3.00 FTSE ST Mid Cap 831.49 -4.49 FTSE ST Small Cap 585.38 -3.51 FTSE ST All Share 829.78 -7.21 FTSE ST China Top 216.30 -0.21 FTSE ST China 245.48 -0.37 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Genting SP 369,130,000 CNA 336,245,000 Innopac 303,639,000 Aussino 294,119,000 SingHaiyi 288,612,000 Thai Beverage 277,984,000 Golden Agri 277,464,000 WE Hldgs 225,626,000 Polaris 158,036,000 Cedar 140,236,000 VALUE($) Genting SP 571,487,550 SingTel 529,081,470 DBS Grp 468,883,615 Keppel Corp 301,333,435 UOB 230,210,174 CapitaLand 207,917,560 OCBC Bk 205,295,805 Thai Beverage 169,335,045
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    • Article
      Lock icon Korean won hits 7-week peak, Indian rupee at 2-month high
      442 6 CURRENCIES Bloomberg [SINGAPORE] Asian currencies rose for a fourth week, the longest winning streak in seven months, on speculation that central banks will provide more policy stimulus after data from China to the US fanned concerns of a slowdown. South
      Bloomberg  -  442 words
    • Article
      Lock icon RISES
      118 6 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 221.2 0.9 IS S&P500 ***** 218.3 1.1 IS DJ US Tech 7275 206.0 2.3 DBXT Nifty 10US$ ***** 202.3 1.5 DBXT MSKorea 10US$ 5805 172.7 2.5 GLD 10US$ ***** 159.1 0.9 DBXT MSAsExJp 10US$ 3355 119.6 3.0 DBS Grp 1740
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    • Article
      Lock icon FALLS
      124 6 BY CENTS CLOSE DOWN Jardine C&C 4800 -114.0 -2.3 Venture Corp 721 -109.0 -13.1 SPDR DJIA 10US$ ***** -96.2 -0.5 JMH 6520 -69.1 -0.9 Keppel Corp 1051 -33.0 -3.0 DBXT S&P Short 10US$ 3093 -25.9 -0.7 BMT 500 -25.0 -4.8 OCBC Bk 1080 -23.0 -2.1 CIMBAsean40 100US$ 1153 -22.2
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 WEEKLY
      5 words
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      97 7 RSACONFERENCE ASIA PACIFIC2013 JUNE 5-6 MARINA BAY SANDS SINGAPORE Security m n>uv Mastering data. Securing the worid Discover new info security technologies Learn how to revolutionize you company's info security strategies at any of the 50 sessions spanning the following 5 tracks; Cybercrime and Law Enforcement Mobile Security Security Infrastructure
      97 words
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      456 7 OKH GLOBAL LTD. (formerly known as Sinobest Technology Holdings Ltd.) (Company Registration Number: *****) (Incorporated in Bermuda) THE PROPOSED PLACEMENT OF UP TO 126,772,000 EXISTING ORDINARY SHARES HELD BY THE VENDOR IN CONNECTION WITH THE PROPOSED COMPLIANCE PLACEMENT (THE “COMPLIANCE PLACEMENT”) CLOSE OF THE COMPLIANCE PLACEMENT Unless otherwise defined, all
      456 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon New training for digital media professionals
      772 8  -  Hyper Island partners WDA to expand course offerings here By GRACE NG RENOWNED Swedish institution Hyper Island is partnering the Singapore Workforce Development Agency (WDA) to offer a series of week-long courses for digital media professionals here at subsidised rates. Called the Hyper Island
      772 words
    • Article
      Lock icon Health is wealth for leadership advocates
      761 8  -  5 biz leaders kick off colorectal cancer screening campaign By NG ZHUO YANG FOR Switer Engineering (FE) Pte Ltd’s managing director Steven Tan, the fear of “detecting something” had deterred him from undergoing a colonoscopy for some years. Yet, in an interesting twist of
      761 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      2627 8 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Int'l bn 0.114 24-Apr 26-Apr 10-May 05-Apr ABR Hldgs ak 1.000 06-May 08-May 28-May 15-Apr Action Asia ak 0.700 10-May 14-May 28-May 04-Mar Advanced Hldgs ak 0.300 03-May 07-May 22-May 11-Apr Advanced Int Mfg ak 0.160 06-May
      2,627 words
  • Page 8 Advertisements
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      137 8 SEMICON Singapore20l3 7-9 May, 2013 Marina Bay Sands Expo www.semiconsingapore.org B B B DonltTMisTSoutheast BiggesrAnnuallMicroelectronicslEyent Come meet over 100 exhibitors and learn from the prestigious industry speakers at 40 hours of technology and business programmes! Here are some of our luminary speakers in 8 different technical forums: Market Tends BofA
      137 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Having an appetite for restaurant stocks
      1512 9  -  Bite into the right stock and you can have your cake and eat it, reports CAI HAOXIANG CAI HAOXIANG VISIT any shopping mall in Singapore over the weekend and you are likely to see queues forming outside restaurants. In some popular places selling, say,
      PHOTO: REUTERS  -  1,512 words
    • Article
      Lock icon Which dish tastes better?
      1076 9  -  A comparison of eight Singapore-listed restaurant stocks By CAI HAOXIANG HERE are eight Singapore restaurant stocks listed by alphabetical order. ABR Holdings operates and manages the franchises of various food and beverage outlets, including Swensen’s ice cream restaurants, Gloria Jean's Coffees, Tip Top Curry Puffs and
      1,076 words
  • Page 9 Advertisements
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      156 9 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      156 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Being battle-ready for any epidemic
      3648 10 THIS WEEK’S TOPIC: Are businesses in Singapore better prepared now in the event of another Sars-like outbreak and, if so, why? More broadly, what has changed to make Singapore better prepared for a wide-scale medical epidemic? Dumont Jean-Michel Chairman Ruder Finn Asia WE have learnt
      3,648 words
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      108 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Finally, Jakarta sets out plans to have a metro
      667 12 Two consortia of Japanese and Indonesian firms to build first section AFP [JAKARTA] Ajeng Dewanti wakes up every weekday before sunrise, squeezes into an overcrowded car, and spends the next two hours making the 17-kilometre journey through the Jakarta gridlock to
      AFP; PHOTO: AFP  -  667 words
    • Article
      Lock icon M’sia polls: Union sees resilience; Baring unfazed
      793 12 Foreign funds bought more ringgit debt in run-up to election Bloomberg [KUALA LUMPUR] Malaysian government bonds are handing investors the best returns in six months as Baring Asset Management Ltd and Union Investment Privatfonds GmbH see little prospect of yesterday’s election disrupting the
      Bloomberg  -  793 words
    • Article
      Lock icon BURSA MALAYSIA
      1445 12 VOL May 3 RM +/-(‘000) VOL Advance Synerg 0.13 0.01 2120 Adventa Bhd 0.69 Ae Multi Hldgs 0.20 -0.01 227 Affin Holdings 3.46 -0.02 716 Ahmad Zaki Res 0.28 0.03 Alliance Finan 4.47 -0.01 1319 Aluminium Co 0.67 unch 0 Amalgamated In 0.32 unch 47 Ammb Hldgs Bhd
      1,445 words
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      587 12 *AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Jardine Cycle Carriage Limited (Incorporated in the Republic of Singapore) Company Registration No. *****0092R LOST SHARE CERTIFICATES NOTICE IS HEREBY GIVEN that the undermentioned original share certificates have been reported lost or destroyed NOTICE IS ALSO HEREBY GIVEN that if within fourteen
      587 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Sinopec unit, China Galaxy launch IPOs
      670 13 HK market springs back to life with US$3.5b offering after quiet Q1 Reuters [HONG KONG] A unit of Sinopec Group and brokerage China Galaxy Securities are launching Hong Kong IPOs today, seeking to raise up to US$3.5 billion in total, injecting life into Asia’s
      Reuters; PHOTO: AFP  -  670 words
    • Article
      Lock icon China oil giant defends new plant amid public outcry
      458 13 Bloom berg [SHANGHAI] China’s largest oil producer defended plans for a chemical plant in southwestern Sichuan province, saying it will improve air quality by providing higher-standard oil products and curbing car-emission pollutants. China National Petroleum Corp has “adopted various scientific measures”
      Bloomberg  -  458 words
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      84 13 i Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow and
      84 words
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  • INDIA
    • Article
      Lock icon Central bank says little room for more easing
      383 14 It warns of risk to economy from capital outflows next year Bloomberg [MUMBAI] India’s central bank governor signalled the nation has almost no space left to ease monetary policy further, following the third interest-rate cut this year to bolster a struggling economy.
      Bloomberg  -  383 words
    • Article, Illustration
      Lock icon Bribery puts brakes on retail growth
      787 14 Permits to open a store range from mundane to petty Reuters [MUMBAI] Hong-Kong entrepreneur Ramesh Tainwala spent 18 months operating branded clothing retail stores in India before deciding it was impossible to succeed without paying bribes. Mr Tainwala, a 55-year-old expatriate Indian, owns Planet
      Reuters; PHOTO: REUTERS  -  787 words
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      1574 14 beats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices i /r/> iViJL Malaysia Smelting Corporation Berhad (*****-A) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Thirty Fourth Annual General Meeting of members of Malaysia Smelting Corporation Berhad will be held at Serindit Room, Hotel Equatorial Penang, Jalan Bukit
      1,574 words
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      74 14 WINDOW FINANCIAL LTD. Company No.*****33 (In Voluntary Liquidation) NOTICE is hereby given pursuant to Section 204 (1)(b) of the BVI Business Companies Act, 2004 that WINDOW FINANCIAL LTD. is in voluntary liquidation. The voluntary liquidation commenced on 19th April, 2013 and LAM HOI WA at 1803-4 St. George’s Building, 2
      74 words
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  • ECONOMY WATCH
    • Article, Illustration
      Skills prioritised over family ties in US immigration bill
      809 15 Points system set up for skills, education and jobs which could benefit Asians Reuters [WASHINGTON] US immigration authorities would give preference to better-ed-ucated and trained visaseekers who can contribute to the American economy under a less-noticed provision of the immigration bill
      Reuters; PHOTO: BLOOMBERG  -  809 words
    • Article
      Crisis-hit Greece experiences increase in social inequality
      657 15 AFP [ATHENS] After six consecutive years of brutal recession, with homeless and unemployment rates skyrocketing, Greek society is experiencing an “unheard-of fragmentation”, made worse by fierce austerity measures, experts say. Battered by the eurozone’s three-year debt crisis and four years of austerity, Greece
      AFP  -  657 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      109 15 The ultimate in backup appliances. Backup, deduplication, storage. All in one box. Symantec Backup Exec™ and Symantec NetBackup™ appliances are the only fully integrated backup, deduplication, and storage appliances with industry-leading, factory-installed Symantec software. So they make backup less costly and less complex for all enterprises, small to large. And
      109 words
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  • WORLD
    • Article, Illustration
      It’s Mexico vs Brazil for next WTO chief
      861 16 New leader taking over amid fears that December summit in Bali could fail AFP [GENEVA] The World Trade Organization is close to choosing its next leader in a final round pitting Brazil against Mexico, with the winner facing the tough task of
      AFP; PHOTO: AFP  -  861 words
    • Article
      Bangladesh accepts ILO plan to improve workers’ welfare
      558 16 Bloomberg [DHAKA] Bangladesh’s government, workers, employers and the International Labour Organization agreed to a plan to improve employee rights and safety after more than 600 people were killed in a factory building collapse last month. The ILO proposals, which include better worker
      Bloomberg  -  558 words
    • Article, Illustration
      Swiss National Bank’s franc cap still needed: VP
      353 16 Bloomberg [ZURICH] The Swiss National Bank’s (SNB) currency cap remains necessary and it won’t exclude taking further steps should the crisis in the euro area intensify, bank vice-president JeanPierre Danthine says. “We find ourselves in a situation in which the franc is
      Bloomberg; PHOTO: BLOOMBERG  -  353 words
    • Article
      Lenders may set up Bitcoin rivals: NZ bank head
      294 16 Bloomberg [SYDNEY] Commercial banks may create digital currencies to rival Bitcoin, the virtual money whose US dollar value collapsed by 46 per cent in 24 hours last month, the head of New Zealand’s banking lobby says. Banks noticed the low cost
      Bloomberg  -  294 words
    • Article
      Thailand may lift export curbs on rubber as prices fail to respond
      528 16 It may seek other measures with Malaysia, Indonesia Reuters [BANGKOK] Thailand, the world’s biggest rubber producer and exporter, may abandon measures to curb rubber exports when they expire on May 31 as they have failed to lift prices,
      Reuters  -  528 words
    • Article
      Bank loans seen as most reliable funding in UK
      451 18 They have edge over bond market borrowing, say corporate treasurers; trust in banks also recovering Reuters [LIVERPOOL] Bank loans are back in favour this year with British companies and banking relationships have also improved markedly, corporate treasurers said at their annual
      Reuters  -  451 words
    • Article, Illustration
      Munger decries approach at deposittaking banks
      733 18 He says Wall Street trading risks should be curbed there Bloomberg [OMAHA, Nebraska] Berkshire Hathaway Inc vicechairman Charles Munger, whose firm owns stakes in some of the biggest US lenders, says Wall Street trading risks should be curbed at deposit-taking institutions. “I do not
      Bloomberg; PHOTOS: BLOOMBERG  -  733 words
    • Article, Illustration
      Silicon Valley resorts to lobbying on immigration amid staff shortage
      978 18 NYT [WASHINGTON] The television advertisement that hit the airwaves in Florida last month featured the Republican Party’s rising star, Sen Marco Rubio, boasting about his get-tough plan for border security. But most viewers who watched the commercial, sponsored by a
      NYT  -  978 words
    • Article, Illustration
      ‘Infrastructure bank’ for Asia on the agenda
      589 19  -  China, South Korea, Indonesia lead study on how to beef up existing resources By ANTHONY ROWLEY in Noida WITH the Asian Development Bank facing financial constraints as a result of shortfalls in its investment income, plans for a specialised “infrastructure bank” in Asia
      PHOTO: REUTERS  -  589 words
    • Article
      US to open new slaughterhouses for horses
      651 19 5 licensing requests filed; these are the first ones since 2007 AFP [WASHINGTON] Americans don’t want to eat horse meat and Congress is trying to forbid its sale and export. Yet for the first time since 2007, new horse slaughterhouses are set to
      AFP  -  651 words
    • Article
      Shareholders of JPMorgan urged to reject 3 directors
      855 20 Reuters [NEW YORK] JPMorgan Chase Co shareholders should vote against the re-election of three board members because they failed to properly oversee risk-taking that led to US$6.2 billion of losses on the so-called “London Whale” trades, an influential proxy advisory firm said.
      Reuters  -  855 words
    • Article, Illustration
      US Justice Dept probing IBM bribery allegations
      805 20 Investigation centres on whether company violated Foreign Corrupt Practices Act Bloomberg [NEW YORK] International Business Machines Corp is being probed by the US Justice Department over corruption allegations in Poland, Argentina, Bangladesh and Ukraine, adding to bribery charges from the Securities and Exchange
      Bloomberg; PHOTO: BLOOMBERG  -  805 words
    • Article, Illustration
      Patents, copyrights top Cameron list
      687 20 UK premier tackling these issues in bid to boost economy Bloomberg [LONDON] David Cameron will speed up the patents applications process and simplify intellectual-property rights for design companies as part of his next legislative programme, a person familiar with the British premier’s plans said. The
      Bloomberg; PHOTO: REUTERS  -  687 words
    • Article, Illustration
      Banks paint wider targets after early misses
      1031 22 More realistic goals are set now, after their failure to meet bullish expectations Reuters [LONDON] It has taken banks years to rein in their optimism and start setting targets they have some chance of meeting, finally chastened by conspicuous failure in meeting the
      Reuters; PHOTO: AFP; REUTERS  -  1,031 words
    • Article, Illustration
      NRA, gun control advocates to fight on
      591 22 AP [HOUSTON] Leaders of the National Rifle Association (NRA), an influential gun rights group in the United States, told members on Saturday that the fight against gun control legislation is far from over, but they vowed that none in the organisation will ever
      AP; PHOTO: AFP  -  591 words
    • Article
      Many glitches await Obama healthcare plan
      681 22 Reuters [WASHINGTON] With heath care reform “Obamacare” five months from show time, Democrats are worried about whether enough Americans will sign up to make the sweeping healthcare overhaul a success. Some of the law’s main advocates fear that not enough of America’s 49 million
      Reuters  -  681 words
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      153 words
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      1365 17 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices INTES4 N SNSB40I0 Registered Office: Piazza San Carlo, 156 ***** Torino. Secondary Registered Office: Via Monte di Pieta, 8 ***** Milano. Intesa Sanpaolo S.p.A. Singapore Branch: 6Temasek Boulevard #42-04/05, SuntecTower Four, Singapore *****6 Consolidated Balance Sheet Consolidated Income Statement As of 31
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      17 22 Macau casinos mustbe prepared for competition fromTaiwan &the Philippines To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      24 22 www.omy.sg Singapore V Check-In Bonanza with Shaw Theatres An event of HB AT SHAW THEATRES! mtmw *terms conditions apply Visit proiect.omv.sa/check-in-bonanza for more details!
      24 words
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  • AVIATION/SHIPPING
    • Article
      France spurns call to take over Saint-Nazaire yard
      416 23 Govt is committed to survival of facility after STX threatens to sell its stake Reuters [PARIS] France’s government dismissed a call to nationalise the Saint-Nazaire shipyard on Saturday but said it was committed to the survival of the facility after a South
      Reuters  -  416 words
    • Article
      Former Somali pirate chief seeks to end hijacking of ships
      814 23 Efforts on land, financial support needed to keep men from water, he says AFP [MOGADISHU] Mohamed Abdi Hassan, one of Somalia’s most notorious pirate chiefs, appears far more businessman than sea bandit, as he explains why he now wants to
      AFP  -  814 words
    • Article
      TRANSPORT STOCKS
      234 23 SGX '000 May 3 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.26 unch 62 Cosco Corp 0.87 -0.01 1615 Vol First Ship Lea 0.13 unch 4 Freight Links 0.09 unch 5428 Grand Banks.............unch unch 0 Jaya Hold Ltd Chuan Hup Hldg K1Ventures unch Keppel Corp 10.51 -0.08
      234 words
    • Article, Illustration
      Air Canada sees further fare pressure in 2013
      366 23 Bloomberg [MONTREAL] Air Canada has predicted further pressure on fares this year after its first-quarter yield dropped as competitors added seating and offered lower prices on some routes in North and South America. Yield, or average fare per mile, dropped 1.1 per
      Bloomberg; PHOTO: BLOOMBERG  -  366 words
    • Article, Illustration
      HK dock workers on strike reject wage offer
      392 23 Bloomberg [HONG KONG] Striking dock workers at billionaire Li Ka-shing’s Hongkong International Terminals Ltd rejected a wage offer by contractors as the employers said that they will no longer take part in negotiations to settle the 39-day labour dispute. The workers won’t
      Bloomberg; PHOTO: BLOOMBERG  -  392 words
    • Article
      Air France-KLM narrows loss in Q1 on cost cuts
      451 23 Bloomberg [TOULOUSE] Air France-KLM Group narrowed its loss in the first quarter as it benefited from cost cuts, and said that it’s poised to meet a target for lower unit costs and debt this year as Europe’s largest airline works through
      Bloomberg  -  451 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      368 23 CRYPTIC CROSSWORD Across 1 Blunder ignoring second fall (6) 4 On reflection, suitable Irish record followed by a drink (8) 9 Wild trout concealing bass and other fish (6) 10 Cat left out in front of joiner’s yard is a risk (8) 12 Departed very happy having got rid of
      368 words
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  • DINING OUT
    • Article, Illustration
      A sushi meal that you’d want to last
      974 24  -  Hashida Sushi is the latest in the current spurt of Japanese sushi transplants, says JAIME EE JAIME EE NEW RESTAURANT Hashida Sushi #02-37 Mandarin Gallery 333A Orchard Road Tel: 6733 2114 Open for lunch and dinner from Tuesday to Sunday: 12pm-2.30pm, 6pm-10pm.
      974 words
  • Page 24 Advertisements
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      440 24 a, ■w tM 5 A? l I A ri j ASCEND TO THE PINNACLE OF ALTITUDE DINING WITH A TASTE OF SWITZERLAND: By Chef Martin Goschel, L’Autezza, Hotel Paradies One Michelin Star 18 Gault Millau Points 10 11 May 2013 5-course lunch at $128++ 7-course dinner degustation at $248++ In
      440 words
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  • SINGAPORE STOCKS
    • Article
      SGX MAINBOARD
      3271 25 Week ended: May 3 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Week Last Quote 11 7 AEM --AAT M Cap 184 106 AIMSAMPIReit 180 +2.5 5899 184 177.5 179.5 180
      3,271 words
    • Article
      SGX CATALIST
      287 26 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.6 unch 5944 1.7 1.6 1.5 1.7 25.4 Week Last Quote Div Gr Yld Net M Cap High
      287 words
    • Article
      STRAITS TIMES INDEX STOCKS
      120 26 Stock name Close Change CapMallsAsia 2.060 -0.030 CapitaLand 3.670 -0.060 CapitaMall 2.330 +0.010 CityDev 11.380 +0.120 ComfortDelGro 1.955 -0.055 DBS Grp 17.400 -0.120 GLP 2.800 +0.030 Genting SP 1.485 -0.125 Golden Agri 0.525 +0.005 HK Land 7.390 -0.010 Stock name Close Change HPH Trust US$ 0.830
      120 words
    • Article
      STOCKS ASIA
      2102 26 Transaction date: May 3 HONG KONG Vol HK$ +/-'000 Aeon Credit 8.50 unch 0 Aeon Stores '000 Angang Steel 4.57 0.05 ***** Anhui Conch Anhuiexpresswa 4.34 0.05 1840 Asia Satellite 30.35 -0.15 67 Asm Pacific 0.10 Bank Of E Asia 31.40 0.40 1532 Beida Jade Bir 0.29 -0.01
      2,102 words
    • Article
      GLOBALQUOTE
      264 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A39xo +2.2 207 39.5 35.5 39 39.5 3.6 9 3.2 142.2 50 30 Genting HK US$ US49.5 +0.5 ***** 50 47.5 48.5 49.5 3259.3
      264 words
    • Article
      SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 7 1 0 0 0 8 7 1 Manufacturing 53 111 27 13 17 7 66 128 34 Commerce 17 50 12 7 11 2 24 61 14 Tpt/Stor/Comms 19 25 1
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    • Article
      SGX ETF
      1079 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 120 -0.4 64 120.5 119.5 120 120.3 547.8 136.8 120.4 CIMB APAC Div 100S$D 136.8 138 138.9 111.7 95.8 CIMB
      1,079 words
    • Article
      SECURITIES TRADING TURNOVER
      123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 180,701 180,701 558,456 558,456 Manufacturing 1,303,997 865,260 2,169,257 935,502 65,179 1,000,681 Commerce 747,426 422,992 1,170,418 436,610 32,087 468,697 Tpt/Stor/Comms 553,386 60,013 613,399 977,461 23,576 1,001,037 Finance 394,188 2,456 396,644 1,046,105 1,195 1,047,300 Construction 277,999 135,467
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      26 26 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      26 words
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  • FINANCE & COMMODITIES
    • Article
      SGX DERIVATIVES TRADING
      634 27 May 3 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.25 *****.48 *****.96 Jun13 *****.00 *****.00 *****.00 *****.00 ***** *****0 Sep13 *****.00 *****.00 *****.00 *****.00 86 3925 MSCI TAIWAN INDEX FUTURES SPOT 293.31 295.47 293.03 May13 294.00 295.60 293.60 294.50 ***** *****1 Jun13 294.20
      634 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr May 3 Index Change Change Change Change Change Change World Preliminary 1059.0 0.9 12.9 0.8 12.0 1.0 10.9 EAFE Preliminary 880.5 0.7 13.7 0.6 10.2 0.7 9.1 Europe Preliminary 1250.0 1.1 9.0
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    • Article
      INTERBANK CROSS RATES
      471 27 May 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.038 6.309 0.782 7.953 55.311 99.810 1.006 11.236 3.113 1.204 100.717 41.920 1.265 9.179 0.957 30.337 30.385 0.660 1.025 Canada 0.964 6.080
      471 words
    • Article
      SIBOR
      64 27 May 3 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
      64 words
    • Article
      PRECIOUS METALS
      134 27 May 3 GOLD(US$/oz) May 03 May 02 Hong Kong 1485.50 1464.00 May 02 May 03 London 1465.74 1467.80 1467.46 1468.55 Source: Thomson Reuters CAST BAR May 03 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 131 58 5gm 373 291 10gm 666 582
      134 words
    • Article
      GOVERNMENT SECURITIES
      90 27 May 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 25-Jul-13 0.24 0.22 6-Month BS*****N 01-Nov-13 0.25 0.22 1-Year BY*****H 02-May-14 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.1 5-Year N*****0T 2.375
      90 words
    • Article
      PALM OIL
      53 27 May 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2231.0 1509 Jun 13 2269.0 2251.0 2276.0 2244.0 2128 9267 Jul 13 2271.0 2252.0 2282.0 2243.0 ***** ***** Aug 13 2271.0 2250.0 2280.0 2240.0 7102 *****
      53 words
    • Article
      INTERBANK CURRENCY RATES
      154 27 May3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2639 1.2655 1.0247 1.0252 Canadian dollar 1.2182 1.2193 0.9878 0.9877 Euro 1.6161 1.6177 1.3103 1.3105 NZ dollar 1.0495 1.0505 0.8509 0.8510 Sterling pound 1.9158 1.9175 1.5533 1.5534 US
      154 words
    • Article
      CHICAGO BOT
      108 27 May 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1455.00 1441.00 1471.00 1440.00 Jul 13 1387.25 1372.25 1399.75 1372.00 Aug 13 1335.25 1318.25 1344.75 1319.00 Sep 13 1265.75 1247.50 1271.25 1247.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13
      108 words
    • Article
      LIFFE
      94 27 May 3 COCOA (£/tonne) Close Prev High Low May 13 1563 1565 1576 1563 Jul 13 1567 1570 1580 1565 Sep 13 1575 1577 1587 1573 Dec 13 1578 1579 1590 1576 COFFEE(US$/tonne) Close Prev High Low May 13 1980 1983 1985 1969 Jul 13 2020 2020 2027 2007
      94 words
    • Article
      BONDS, WARRANTS & EXTENDED SETTLEMENT
      1011 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Cooo) AlliedTech W*****2 Ratio Asiatravel.com HoldingsW*****7 1 1 25 14 Asiatravel.com HoldingsW*****5 1.3 1 27 38 BakerTech W*****5 Disc Best World Intl Ltd W*****5 0.8 -1.2 24 1 30 28 30.00
      1,011 words
    • Article
      CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS May 02 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 100.95 1.81 WTI (Near Mth) 93.90 2.85 Dubai (1-Mth F) 97.23 -1.03 Tapis blend 104.32 -1.08 Minas 99.82 -1.08 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 89.61 -4.22 Jet Kerosene 111.73 -3.07 US$/barrel OpecOil Basket
      70 words
    • Article
      US$/S$ FORWARD RATES
      22 27 May 3 S$ Bid Offer 1-month 1.2334 1.2344 2-months 1.2333 1.2344 3-months 1.2333 1.2344 6-months 1.2330 1.2347 Source: OCBC
      22 words
    • Article
      LONDON METALS
      66 27 May 03 May Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1847.00 1774.25 3 months 1882.00 1811.00 Copper, Grade A(US$/tonne) Cash 7243.75 6818.00 3 months 7270.00 6848.00 Lead(US$/tonne) Cash 2021.25 1923.25 3 months 2038.00 1941.00 Nickel (US$/tonne) Cash *****.25 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
      66 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      127 27 As at 9am May 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.296 1.235 Can dollar 1.244 1.197 Euro 1.651 1.573 Sterling pound 1.955 1.880 NZ dollar 1.077 1.036 US dollar 1.258 1.199 Local dollars to 100 units of foreign
      127 words
    • Article
      INTERBANK RATES
      157 27 May 3 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.12 US$ 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 12
      157 words
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  • Article
    Shipping Times
    2626 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
    2,626 words
  • Page 28 Advertisements
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      131 29 Importers looking for Warehouse Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 Highlight
      131 words
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      Page 29 Advertisements Column 2
      0 29 )&`!"+`_:>@`!).?</`*)+"+!>%$}}_
      0 words
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Asia ‘generally lacking’ world-class SCM systems
      985 30  -  This results in inefficiencies even as manufacturing grows, JDA CEO tells AMIT ROY CHOUDHURY DESPITE the emphasis on manufacturing in Asia, a general lack of worldclass supply chain management (SCM) systems leads to a lot of inefficiencies. Making this observation to BizIT, Hamish Brewer
      985 words
    • Article
      IT downtime can cost firms dearly, says report
      353 30  -  But multi-tiered data recovery is also now available By AMANDA TAN ONE hour of IT downtime often calculated as outage hours multiplied by lost productivity plus lost revenue can cost an enterprise US$324,793. This is according to Veeam’s independent Virtualisation Data Protection
      353 words
    • Article, Illustration
      How often do you use your smart TV’s smart functions?
      1017 31  -  Just 30-40% of people explore them, and only half of them do it again By NG SAI YING THE smart TV market may be growing both in quality and quantity, but only 30-40 per cent of owners actually explore smart
      PHOTO: BLOOMBERG  -  1,017 words
    • Article
      Mobile devices ‘enabling business discovery’
      474 31  -  By AMANDA TAN SHIPMENTS of tablets will reach 172.4 million units this year and jump to 282.7 million units by 2016, according to International Data Corporation. The rise has been prompted by several factors including connectivity and the provision of information at people’s fingertips. Connectivity
      474 words
    • Article, Illustration
      Nook tablets to add Google’s app and media store
      428 31 NYT [NEW YORK] Barnes Noble, in an effort to strengthen the digital offerings of its Nook devices, will outfit its colour tablets with Google Play, the one-stop shop for Google’s applications and software services, the bookseller said last week. Barnes Noble,
      NYT; PHOTO: HANDOUT VIA NYT  -  428 words
    • Article
      Lost in the forest of authentication? Look for the tree
      742 31  -  <you say> By ART COVIELLO The author is Executive VP, EMC Corporation, and Executive Chairman, RSA, the Security Division of EMC ACCORDING to a report by the Association of Chartered Certified Accountants (ACCA) and Institute of Management Accountants (IMA), more
      742 words
    • Article
      McAfee sees continued, healthy growth in Asia-Pac
      370 31  -  It says the way firms are making security decisions is changing By AMANDA TAN ASIA-PACIFIC continues to be one of the fastest-grow-ing regions for security vendor McAfee. The company has 1,200 people in India for development and support, as it foresees healthy growth
      370 words
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      480 30 Transform Yourself To Be An Influential Successful Leader Who should attend: Senior and Middle Management, General Management, Supervisors, Marketing PR Consultants, and Sales and Business Development Personnel Productivity and ln novation Credit (Pi g Claimable SIS FULL-DAY WORKSHOPS SPH News Centre (9.30am to 6.00pm) FULL-DAY SEMINAR SPH News Centre (9.30am
      480 words
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  • Page 32 Advertisements
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      158 32 Stb *1 J life 71 ft BblPB m J" *J as^aa^ K3$ M# MB JS%Kjt > fcV* S p?} > t V*SZ‘-* r M V ---v.'” 'Tjjfl' 'n< < t *3ifrrito %rfl? dBSR*- -tSS8l ST v7. Kfc OME?. kV 1 &3 W1 r LS jfvyc^l: H.*‘ tV/.r., W3? #&9t9 T*&M.
      158 words