The Business Times, 17 May 2013

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL32576
Total Pages: 40
1 40 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Friday, May 17, 2013
    25 words
  • Article, Illustration
    Lock icon Q1 GDP gain seems to vindicate Abenomics
    764 1  -  0.9% rise due to increased consumer spending; 2-3% annual expansion possible By in ANTHONY ROWLEY in Tokyo THE so-called “Abenomics” propelled Japan’s economy into high-growth mode in the first quarter of this year, sending real gross domestic product (GDP) up by a better-than-expected
    PHOTO: REUTERS  -  764 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,452.28 (+10.75) GST INDEX FUTURES 3,452.00 (+10.00) HSIMSCI 388.61 (-0.21) HSIMSCI FUTURES 389.00 (-0.50) US$ S$ US$ (S$ per US$) 1.253 (US$/S$ per 1.520 1.904 EURO (US$/S$/€ 1.286 1.611 Foreign currency per US$ S$ YEN 102.50 81.80 RM 3.017 2.408 HK$ 7.763 6.197 BAHT 29.71 23.72 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      50 1 Thursday Change KL COMP 1,766.72 -16.31 NIKKEI 225 15,037.24 -58.79 HANG SENG 23,082.68 +38.44 SET INDEX 1,617.89 -12.20 JAKARTA COMP 5,078.68 -11.20 MANILA COMP 7,310.94 -81.26 SEOUL COMP 1,986.81 +15.55 SHENZHEN B 859.92 +13.62 MUMBAI IND 20,247.33 +34.37 12noon EDT Change DOW 15,285.46 +9.77 NASDAQ 3,482.79 +11.17 PRIME RATES
      50 words
    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA INDONESIA HONG KONG 5.00 INDONESIA KOREA TAIWAN 5.036 JAPAN CANADA KOREA 9.33 INDIA 0.50 Source: Bloomberg
      21 words
  • Article, Illustration
    Lock icon Govt may refine COE categories A and B
    632 1  -  It mulls new criteria as more luxury models enter Cat A By SAMUEL EE [SINGAPORE] The COE (certificate of entitlement) categories may be tweaked to ensure that Category A retains its original purpose of serving buyers of smaller budget cars. As more
    632 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      126 1 COMPANIES SIA in the black for Q4, but operating loss widens PAGE 6 HOCK LOCK SIEW Wilmar: a sugar empire next? PAGE 9 EXECUTIVE LIFESTYLE A heart for business PROPERTY Berjaya Hotel on Duxton Road sold for $50m PAGE 11 PAGE 34 Asia has resisted the eurozone crisis and the
      126 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      437 2 Abenomics seems to work; Q1 GDP up 0.9% THE so-called “Abenomics” propelled Japan’s economy into high-growth mode in the first quarter of this year, sending real gross domestic product up by a better-than-expected 0.9 per cent from the previous quarter. This translates into an annualised 3.5 per cent
      437 words
    • Article, Illustration
      Lock icon It’s official: China’s trade data are not on the level
      655 2  -  Many analysts suspect disguised hot money flows behind distortion By SHU-CHING JEAN CHEN in Beijing DOUBTS about the integrity of Chinese trade data have been running high, but never before has the evidence been presented more clearly than in the
      PHOTO: AFP  -  655 words
    • Article, Illustration
      Lock icon Prosecution: Interest rates on investment manipulated
      1221 4  -  It also says email shows external auditor concerned over bond purchases CITY HARVEST CASE By MICHELLE QUAH [SINGAPORE] Casting doubt on the various “investments” made by City Harvest Church (CHC), the prosecution sought yesterday to show that certain members of the church manipulated interest
      PHOTO: CAROLINE CHIA/THE STRAITS TIMES  -  1,221 words
    • Article
      Lock icon Figures for jobs, housing starts revealing cracks in economy
      424 4 LATEST US DATA Reuters [WASHINGTON] The US economy is showing some worrisome signs as jobless claims rose sharply last week while ground-break-ing at home construction sites tumbled in April and a gauge of underlying inflation pointed to weak demand. The data
      Reuters  -  424 words
    • Article
      Lock icon Death consistent with hanging: pathologist
      762 4  -  But family-engaged US medical examiner says it’s a homicide SHANE TODD INQUIRY By NISHA RAMCHANDANI [SINGAPORE] American Shane Todd’s autopsy showed his death was consistent with hanging, not garroting, a senior forensic pathologist told the court in an ongoing coroner’s inquiry yesterday a view that
      762 words
    • Article
      Lock icon Asian Pay Television to raise $1.39b in IPO
      561 4  -  By ONG LEE MEIXIAN, ONG CHOR HAO [SINGAPORE] Asian Pay Television Trust (APTT) is set to raise around $1.39 billion through its initial public offering (IPO), making it Singapore’s secondlargest listing this year after Mapletree Greater China Commercial Trust’s IPO raised more
      561 words
    • Article, Illustration
      Lock icon POWER WITH REFINEMENT
      1105 5  -  Last week, we showcased Bentley’s distinguished heritage and two of the fi ve facets that defi ne a Bentley. In this week’s insertion, we focus on two more unmistakable characteristics of a Bentley power and performance. By Lynn Tan MORE than any other trait, power is the
      1,105 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      138 2 The best pure-play private bank in Asia. GENEVE Creator of dreams LA MAGIC (HHV COLLECTION Snake Self-winding 18K Pink Gold With Diamonds A Handcrafted Snake ‘Revolving’ On Its Dial :e i* 4 m tm W 0. V EXCLUSIVELY AVAILABLE AT: SINGAPORE: SARCAR PAVILLON The Shoppes at Marina Bay Sands #B2-202
      138 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      79 3 OMEGA me. v m m A 'v' V mi' WZeLs SfK'v\ i w^W3 v M ifiVi.i fe -■aSSl (j W* 9 lT PRESENTS *»<rI*-** >: V' R \y> 3k STARRING NICOLE KIDMAN r n /d m w. i v f, 3 V<^V i if sS A 'V' iJWmw% to 7
      79 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      185 4 QUALITY. RELIABILITY. REPUTATION. SERVICE. 1' -—v MStt "SS"2013 ata NlD-***** Judy Kueh EXP'- DEC 2015 A clear signal of credibility, reliability and quality service amongst travel professionals, the NATAS Accreditation framework is set to boost the recognition and reputation of true travel professionals nationwide. So be sure to look for
      185 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      17 4 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements WATS NOTICES
      17 words
Page thumbnail Page 5
Page thumbnail Page 6
  • COMPANY NEWS
    • Article, Illustration
      Lock icon SIA in the black for Q4, but operating loss widens
      685 6  -  Group posts net profit of $68.3m and operating loss of $44.2m in Q4 By JOYCE HOOI AS Singapore Airlines (SIA) celebrates turning 50 today, it will do so on the back of a mixed-bag year. Yesterday, even as the airline
      PHOTO: REUTERS  -  685 words
    • Article
      Lock icon S’pore loses top spot in fund investor experience
      669 6  -  By ANGELA TAN SINGAPORE lost the pole position in Nas-daq-listed Morningstar Inc’s Global Fund Investor Experience 2013 report, getting an overall grade of B this time. The United States, which previously shared the top spot with Singapore, got the highest score of
      669 words
    • Article
      Lock icon Fukushima trials successful: Transcu
      368 9  -  Group says its clean-up technology is a game-changing innovation By NG SAI YING TRANSCU Group has claimed a breakthrough in trials in Fukushima, Japan in which it used a process that cleans up nuclear contamination and converts nuclear waste to energy. The trials were carried out
      368 words
    • Article
      Lock icon Intraco, Tat Hong in Myanmar venture
      282 9  -  By ONG CHOR HAO INTRACO has teamed up with two other parties to form a joint-venture company in Singapore to go into the crane leasing and distribution business in Myanmar. The mainboard-listed trading company said yesterday that it had entered into a non-binding heads
      282 words
    • Article
      Lock icon Wilmar: a sugar empire next?
      1090 9  -  HOCK LOCK SIEW By ANDREA SOH WILMAR International, the $20 billion group better known as a leading global palm-oil player, has almost overnight become a player to be reckoned with in the sugar market as well, prompting some observers to wonder whether it could find
      1,090 words
    • Article
      Lock icon Most S’pore firms make one-third revenue overseas
      368 10  -  Three-quarters have significant business overseas; China and M’sia key markets By KENNETH LIM A SIGNIFICANT majority of Singapore-listed companies make more than a third of their revenue from overseas markets, a finding that lends weight to Singapore Exchange’s “Asian gateway” marketing tagline. A
      368 words
    • Article
      Lock icon Eu Yan Sang seals TCM joint venture in China
      265 10  -  Move expected to boost margins by lowering costs By AMANDA TAN EU YAN SANG International Ltd (EYS) will be forming a joint venture to set up a TCM decoction pieces (processed herbs) plant in China. The group’s wholly owned subsidiary, Eu
      265 words
    • Article, Illustration
      Lock icon Investor confidence high, driven by appetite for equities
      526 10  -  By NG ZHUO YANG DESPITE the prolonged fragility of the world economy, almost half of global investors are more confident about investment opportunities this year than they were last year, according to global asset management company Schroders. Through a survey of 14,800
      PHOTO: ARTHUR LEE  -  526 words
    • COMPANY BRIEFS
      • Article
        Lock icon King Wan unit wins $28.4m deals
        72 10 BUILDING services firm King Wan Corporation yesterday announced that its subsidiary King Wan Construction Pte Ltd has won six contracts worth $28.4 million between February and May. The mechanical and electrical (M&E) contracts will start this year and are scheduled for completion by 2016.
        72 words
      • Article
        Lock icon Keppel Fels delivers rig to Mexico
        105 10 KEPPEL Fels said it has delivered the second of two jackup rigs to offshore Mexican oil field services company Integradora de Servicios Petroleros Oro Negro. The rig, which was delivered 11 days early, will be chartered to Mexico’s national oil company Pemex for deployment
        105 words
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      150 6 Surbana wins big again to continue legacy of outstanding building solutions 18 BCA Awards Universal Design Mark 3 Gold 1 Merit Green Mark Awards 4 Gold plus 3 Gold Construction Excellence Awards 2 Winner 3 Merit Construction Productivity Awards Projects 2 Gold r is I u r-r l. 51 j|jr
      150 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      446 7 Liveable Design Construction Productivity Quality Excellence Buildability Many Dimensions. One Standard for Sustainable Excellence. Sustainability Building Excellence Across All Dimensions CDL The Most Awarded Private Developer at the BCA Awards 2013 50 years on, Singapore’s property pioneer City Developments Limited (CDL) has transformed the country’s cityscape and more. Behind iconic
      446 words
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon WE Holdings the surprise of the day
      514 8  -  STI makes late recovery after slow start, up for third day running on results-driven trading STOCKS KENNETH LIM Correspondent WE Holdings climbed sharply yesterday, on a day that saw the Singapore stock market stage a late rally amid re-sults-driven trading. The Straits Times
      Source: Bloomberg  -  514 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 3 0 0 0 5 7 3 Manufacturing 58 48 42 11 6 10 69 54 52 Commerce 30 16 20 6 5 3 36 21 23 Tpt/Stor/Comms 20 15 8
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 113,841 113,841 63,823 63,823 Manufacturing 401,265 164,983 566,248 235,966 8,004 243,970 Commerce 315,702 186,254 501,956 119,730 17,267 136,997 Tpt/Stor/Comms 137,499 13,361 150,860 255,127 5,278 260,404 Finance 122,865 552 123,417 209,083 298 209,381 Construction 123,316 14,529
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.030 +0.010 CapitaLand 3.780 CapitaMall 2.330 CityDev 11.02 -0.330 ComfortDelGro 2.090 +0.010 DBS Grp 17.28 -0.100 GLP 2.940 +0.060 Genting SP 1.500 +0.005 Golden Agri 0.570 HK Land 7.260 -0.060 HPH Trust US$ 0.825 +0.005 JMH 68.94
      113 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 May 16 VALUE CLOSE BT OB/OS 187.00 +55.00 BT CADI -*****.00 +30.00 BT 10-day MA -*****.00 +18.00 FTSE ST Mid Cap 847.49 -1.87 FTSE ST Small Cap 598.33 +0.43 FTSE ST All Share 849.21 +1.74 FTSE ST China Top 216.93 -0.18 FTSE ST China 246.83 -0.10 FTSE
      73 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Singapore Telecommunications
        350 8 May 16 close: S$4.00 OCBC Investment Research, May 16 SINGTEL’S Q4 FY13 revenue slipped 6 per cent y-o-y and 3 per cent q-o-q to S$4.48 billion, weighed down by the weaker Australian dollar. Full-year revenue fell 3 per cent to S$18.18 billion, and was 3 per cent shy
        Source: Bloomberg  -  350 words
      • Article
        Lock icon Olam International
        346 8 May 16 close: S$1.81 Maybank Kim Eng Research, May 16 RESULTS were within expectations, though higher than ours, with recurring net profit coming in at S$121.5 million. Olam recently announced its strategic review plan and this set of numbers is too soon to evaluate whether any progress has
        346 words
      • Article
        Lock icon SATS
        230 8  -  Compiled by Kenneth Lim May 16 close: S$3.20 CIMB Research, May 15 SATS wrapped up FY13 on a pleasant note, not only reporting strong-er-than-expected profits but also dishing out higher-than-expected dividends. FY13 core net profit surpassed street and our expectations by 8 per cent on the back of margin
        230 words
    • Article, Illustration
      Lock icon Taiwan dollar boosted by gains tax proposal
      542 8 CURRENCIES Reuters [SINGAPORE] The Taiwan dollar rose yesterday as a proposal to ease rules on stock trading capital gains tax lifted local stocks. The Malaysian ringgit slid after first-quar-ter growth missed expectations, leading losses among emerging Asian currencies. The Taiwanese unit gained up
      Reuters; PHOTO: BLOOMBERG  -  542 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Armarda 162,265,000 WE Hldgs 152,101,000 GSH Corp R 120,450,000 Thai Beverage 108,068,000 Innopac 99,682,000 CNA 98,819,000 Acma Ltd 96,729,000 Golden Agri 88,620,000 Magnus 73,126,000 Ntegrator 57,215,000 VALUE($) SingTel 135,207,106 DBS Grp 108,374,700 GLP 96,903,955 Thai Beverage 72,548,015 Golden Agri 50,815,005 CityDev 41,639,660 UOB 38,501,190 Noble Grp
      57 words
    • Article
      Lock icon RISES
      110 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 337.0 2.4 JMH 6894 280.6 3.4 JSH 4100 136.5 2.7 Jardine C&C 4641 120.0 2.7 DBXT MSTaiwan 10US$ 1931 95.2 4.1 Lyxor ThaiSET 10US$ ***** 62.6 0.3 IS S&P500 ***** 53.9 0.3 DBXT FTVietnam 10US$ 2433 40.1 1.3 Lyxor MS India
      110 words
    • Article
      Lock icon FALLS
      126 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -473.5 -2.8 DBXT SPASX200 10US$ 4024 -155.3 -3.0 DBXT E50 10US$ 4312 -109.0 -2.0 Total Access 392 -47.6 -8.8 CityDev 1102 -33.0 -2.9 DBXT MSTHAI 10US$ 2364 -26.3 -0.9 DBXT S&P Short 10US$ 2975 -18.8 -0.5 Lyxor China H 10US$ 1428 -18.8
      126 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      171 9 a th~ s V I 5^6 We pursue excellence and aim to be the market leader in our fields of expertise. m BH GLOBAL CORPORATION LTD Registration No.: *****4900H It is our great pleasure to inform you that we are now known as BH Global Corporation Limited. Established since 1965,
      171 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      428 10 SUKHUMVIT Residences FREEHOLD MIXED DEVELOPMENT CONDO IN SO115 SUKHUMVIT the most sought after location in Bangkok! s*. 5<S s 13 V iii m VI jj A 0 ru 9 1 in 0* Wi q J V-- ru j im min m m.! L_ V* i 1 I 01 P u
      428 words
Page thumbnail Page 11
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon 49-room Berjaya Hotel sold for $50m
      639 11  -  Buyer of Duxton Rd asset is believed to be Satinder Garcha’s Elevation Group By KALPANA RASHIWALA THE 49-room Berjaya Hotel in Duxton Road has been sold for $50 million, pricing the asset at slightly over $1.02 million per room. The asset comprises eight adjoining
      ARTHUR LEE  -  639 words
    • Article
      Lock icon New ERP system will be more responsive: minister
      578 11  -  Satellite-based ERP2 to be deployed only where when there is congestion, says Lui By SAMUEL EE SINGAPORE will continue to rely on electronic road pricing (ERP) for its congested roads, with a next-generation system in the pipeline to ensure that it remains
      578 words
    • Article
      Lock icon Sumitomo Chemical in the red on sharp fall in demand
      538 12  -  New Middle East, US crackers set to toughen competition By RONNIE LIM A SHARP drop in Asian demand and in other overseas markets has resulted in a 51 billion yen loss (S$620 million) in FY2012 by Sumitomo Chemical the largest
      538 words
    • Article
      Lock icon Companies prefer to spend WCS credit on organisation needs: poll
      655 12  -  Only 13% of 103 firms would use WCS credit to fund monthly wage rises By MALMINDERJIT SINGH ORGANISATIONS here are in favour of the Wage Credit Scheme (WCS), but getting them to use their savings from this to raise their
      655 words
    • Article, Illustration
      Lock icon NUS honours innovators in video software, dialysis industry
      827 12  -  Both winners say entrepreneurship in Singapore is taking off By GRACE NG This year’s National University of Singapore (NUS) Innovation Enterprise (I&E) Awards recognise two innovators at entirely different stages of the game. Promising NUS Start-up Award winner AWAK Technologies is still
      827 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      157 11 discover the new ramada Singapore at zhongshan park -i m enr UP 1 leave the rest to us Welcome to the new Ramada Singapore at Zhongshan Park, opening on 18 May, and enjoy a relaxing escape in this haven of hospitality and heritage at the new Zhongshan Park Development. Rest
      157 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      1694 12 WAR3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF STOVE SHIPPING SINGAPORE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****7991H) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting
      1,694 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      11 12 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
      11 words
Page thumbnail Page 13
  • MALAYSIA/INDONESIA
    • Article
      Lock icon Polls over, Malaysia IPO boom poised to resume
      579 13 AFP [KUALA LUMPUR] Malaysia was among the world’s IPO leaders last year and the pace looks set to pick up again with tense elections out of the way and expectations that the government will push a reform agenda. Malaysia’s exchange had a
      AFP  -  579 words
    • Article
      Lock icon IOI shares tumble on plan to spin off property arm
      511 13  -  Hiving off RM18.5b in assets into new listing could hurt revenue, earnings By PAULINE NG in Kuala Lumpur SHARES of plantation company IOI Corporation continue to come under selling pressure, on concerns that a plan to spin off its property
      511 words
    • Article, Illustration
      Lock icon Freeport Papua mine suspends work after tunnel collapse
      417 13 Bloomberg [JAKARTA] Freeport-McMoRan Copper Gold Inc suspended operations at the world’s second-largest copper mine, where five people were killed and 23 remain trapped after a tunnel collapse at the Grasberg complex in Indonesia. Mining remained halted for the second day amid rescue
      Bloomberg; PHOTO: AP  -  417 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      100 13 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 makebackuplesscostlyandlesscomplexforallenterprises, small to large. And they’re practically ready to go right out of the
      100 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      1520 14 Proudly Presented by Vi 71? 26 APRIL TO 31 MAY 2013 ■7[% A HEARTFELT THANK YOU for making the second edition of Gourmet Japan a Sell-Out Success! We would like to extend our smcerest appreciation to our valued partners, talented culinary maestros and distinguished guests for making this event possible.
      1,520 words
Page thumbnail Page 15
  • GREATER CHINA/INDIA
    • Article
      Lock icon Beijing drives FDI to less developed regions
      226 15 Reuters [BEIJING] China wants more foreign direct investment in its less developed central and western regions as it looks to narrow the wealth gap with the big eastern cities, and will open up agriculture, car and mining projects among others, according to revised
      Reuters  -  226 words
    • Article
      Lock icon Global firms bet on Indian consumer
      744 15 Despite a weak patch, inbound M&A into India totalled US$9.86b this year, highest in Asia Re uters [MUMBAI] Global companies betting on India’s potential as a consumer market are looking beyond the worst patch in a decade for Asia’s third-largest economy and investing billions
      Reuters  -  744 words
    • Article, Illustration
      Lock icon India’s mega industrial zones beckon S’pore companies
      798 15  -  By MALMINDERJIT SINGH [SINGAPORE] India has been badly hit by the global economic slowdown, especially last year, but it is now ready to bounce back and fix its mistakes of the past, said India’s Minister for Commerce, Industry and Textiles, Anand Sharma. He
      798 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      20 15 SINGAPORE 6 SCOTTS SQUARE, SCOTTS ROAD #01-09 *****9 SINGAPORE -SG PH: 0065 *****354 KITON.IT THE BEST OF THE BEST f1
      20 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      229 15 www.livemint.com mintasia Weekly Analysis of the Indian Economy and Markets Standard C? Chartered presents INDIA DIALOGUES powered by: malaysia INDIAN ECONOMY: IS THE WORST BEHIND US? U K Sinha, Chairman, SEBI; K V Kamath, Non-Executive Chairman, ICICI Bank Intosys Ltd.; Diwakar Gupta, Managing Director, SBI, in conversation with Tamal Bandyopadhyay,
      229 words
Page thumbnail Page 16
  • ECONOMY WATCH
    • Article
      Lock icon US seen offering best returns
      892 16 Global investors upbeat on US, Japan markets, turn more bearish on China Bloomberg [WASHINGTON] International investors are the most bullish they have been on the US and Japanese markets in more than 31/2 years as both countries’ economies are seen as improving, according to the
      Bloomberg  -  892 words
    • Article, Illustration
      Lock icon Rising income inequality hurts growth: IMF
      552 16 AFP [WASHINGTON] International Monetary Fund chief Christine Lagarde on Wednesday decried rising income disparity, noting its harmful effect on global economic growth. Ms Lagarde, in a speech on poverty reduction in Washington, said the top 0.5 per cent of the global population holds over
      AFP; PHOTO: AFP  -  552 words
    • Article
      Lock icon Call to boost domestic demand
      240 16 Bloomberg [WASHINGTON] The global economy is “sluggish and fragile”, requiring both advanced and developing nations to focus on reinvigorating growth in domestic demand, a US Treasury official said. “Global recovery has been held back by a lack of demand growth in many of the major
      Bloomberg  -  240 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      217 16 Never Hit Another '■'n The Road STCars is now available on Android iPhone for FREE! 32 14 Guides Articles STCars Cars Details New New Cars Ike-through Merc Samuel Ee lished: 2013-01-26 w' Ferrari FF 6.3 (A) Ital Auto Accessories >t< i! I re- (oft Featured New Cars All > Features
      217 words
Page thumbnail Page 17
  • PREMIUM PROFESSIONALS
    • Article, Illustration
      Lock icon Competing for talent in insurance
      1412 17  -  More needs to be done by the industry to attract and retain experienced personnel. TEH SHI NING reports TEH SHI NING COMPETITION for talent has always been a challenge for the insurance sector and the fight for good employees is increasingly a global one, says
      1,412 words
    • Article, Illustration
      Lock icon Basically it all boils down to decision-making
      593 17  -  Underwriters must ensure a balance between risk and profitability By MARIA MALA YOGALINGAM CRUNCHING numbers is part and parcel of an underwriter’s work, but for Soh Rui Na the decision-making aspect of the job is just as important. “It’s not just the numbers
      593 words
    • Article, Illustration
      Lock icon Different stories every day for actuaries
      640 17  -  By NG SAI YING IT was his love for mathematics and desire to put that mathematical knowledge to actual use that brought him into the actuarial field. This turn of events has worked out well for Frederic Weber, chief actuary at AXA Insurance Singapore,
      640 words
  • Page 17 Advertisements
Page thumbnail Page 18
  • WORLD
    • Article
      Lock icon 2 Saudi workers infected by Sars-like virus
      471 18 First evidence of transmission of novel coronavirus, in a hospital: WHO Re uters [LONDON] Two health workers in Saudi Arabia have become infected with a potentially fatal new Sars-like virus after catching it from patients in their care the first evidence of such
      Reuters  -  471 words
    • Article, Illustration
      Lock icon NZ govt plans mega IPO of power firm
      483 18 49% stake sale part of its plan to raise cash for investment Bloomberg [WELLINGTON] New Zealand will offer as much as 49 per cent of state-owned power company Meridian Energy Ltd in an initial public offering in the second half of this
      Bloomberg; PHOTO: BLOOMBERG  -  483 words
    • Article, Illustration
      Lock icon Luxury goods seen remaining attractive in 2013
      585 19 Spending to rise 4-5% as demand in S-E Asia offsets decline in China, EU Bloomberg [PARIS] Growth in luxurygoods spending will be sustained this year as booming demand in South-east Asia offsets a slowdown in China and Europe, according to Bain Co. Worldwide
      Bloomberg; PHOTO: AFP  -  585 words
    • Article
      Lock icon Big US banks get break in rules limiting derivatives risk
      609 19 Softening of rules means they could still control market NYT [NEW YORK] Under pressure from Wall Street lobbyists, federal regulators have agreed to soften a rule intended to rein in the banking industry’s domination of a risky market. The changes,
      NYT  -  609 words
    • Article
      Lock icon Feds go after Bitcoin exchange
      557 19 WP [WASHINGTON] Federal officials have seized funds belonging to a website that serves as an exchange for the virtual currency Bitcoin, marking the first time the US government has moved against the controversial online money system. Immigration and Customs Enforcement (ICE) confirmed that it had
      WP  -  557 words
    • Article
      Lock icon London firm ventures into Islamic insurance business
      394 19 Reuters [SYDNEY] London-based firm Cobalt has developed a shariah-com-pliant insurance platform that uses a syndication model to help spread risk across a panel of underwriters, a novel format that could boost capacity in the sector. Under the platform, Cobalt allows multiple insurers to
      Reuters  -  394 words
    • Article
      Lock icon Android way ahead of iOS as Windows sees gains
      241 19 AFP [WASHINGTON] Google’s Android mobile system boosted its lead in the global smartphone market over Apple in early 2013, while Microsoft’s Windows edged into third place, a survey showed yesterday. The IDC survey showed Android’s commanding lead with a 75 per
      AFP  -  241 words
    • Article
      Lock icon IMF gives first tranche of bailout funds to Cyprus
      222 20 AFP [WASHINGTON] The International Monetary Fund on Wednesday approved a US$1.33 billion bailout loan for Cyprus and released the first US$110.7 million to the Cypriot government. The loan is part of a combined US$13 billion emergency financing deal set by the
      AFP  -  222 words
    • Article, Illustration
      Lock icon Traders expect A$ to rebound after steep fall
      593 20 Currency’s 4.6% slide this month is its biggest since May 2012 Bloomberg [SINGAPORE] Australia’s growing economy will put a floor under the nation’s currency, sparking a rebound from its steepest decline in a year, trading patterns suggest. The Australian dollar’s 4.6 per
      Bloomberg; PHOTO: BLOOMBERG  -  593 words
    • Article
      Lock icon Many young CEOs call it quits, resist gravy train
      656 20 Reuters [LONDON] On approaching his 60th birthday this year, long-serving Tullow Oil boss Aidan Heavey told staff he felt “like two 30 year-olds”. A handful of recent shock departures by 50-something chief executives at European blue chip companies none of them
      Reuters  -  656 words
    • Article
      Lock icon Abe govt takes aim at power monopolies
      662 21 Japan’s power costs highest in world and a drag on economy; national grid on agenda Reuters [TOKYO] Japan is embarking on its most ambitious attempt at electricity industry reform since 1951, with Prime Minister Shinzo Abe well-positioned for victory in a battle to
      Reuters  -  662 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      1726 18 WATO NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices DNB Bank ASA BALANCE SHEET DNB Bank ASA DNB Bank Group 31 Dec 2011 31 Dec 2012 Amounts in NOK million 31 Dec 2012 31 Dec 2011 INCOME STATEMENT DNB Bank ASA DNB Bank Group 2011 2012 Amounts in NOK million 2012
      1,726 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 2
      291 18 LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Keppel Corporation Limited *****32 Hamid Bin Majat Deceased 312 NOTICE IS HEREBY GIVEN that if within fourteen (14) days from the date hereof no claims
      291 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      30 19 $5 Million Anniversary Draw Fri, 17 May 2013,9.30pm Visit www.singaporepools.com.sg for details. s Ip yA Always play with care. I [responsibiyj Do not bet illegally. I RGB Reg No: *****0202G
      30 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 2
      309 19 BONFIGLIOLI ENTERS SOUTH EAST ASIA In response to a growing need for internationalization, the Bonfiglioli Group CEO, Ms. Sonia Bonfiglioli, and Italy Ambassador to Singapore, the Honorable Paolo Crudele, initiated a new subsidiary in Singapore on May 16th 2013. The new office will serve the ASEAN, Taiwan, and South Korea
      309 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      1033 20 [«-AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices > THE BANK OF NEW YORK MELLON The Bank of New York Mellon Corporation (and its subsidiaries) Head Office: One Wall Street, New York, NY *****, U.S.A Singapore Branch: One Temasek Avenue, #02-01 Millenia Tower, Singapore *****2 CONSOLIDATED BALANCE SHEETS CONSOLIDATED INCOME
      1,033 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      431 21 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices In the Matter Of The Companies Act, Cap. 50 And In The Matter Of CENTRE FOR EAST WEST MEDICINE PTE. LTD. (Co. Reg. No. *****4669Z) NOTICE OF CREDITORS’ MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP .50 NOTICE IS HEREBY
      431 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 2
      545 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AT&T TELECOMMUNICATIONS SERVICES SINGAPORE PTE LTD (In Members' Voluntary Liquidation) Reg No. *****2047W (“the Company”) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on 10 May 2013, the Resolutions
      545 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 3
      320 21 IN THE MATTER OF THE COMPANIES ACT, CAP .50 AND IN THE MATTER OF K C GOH HOLDINGS PTE LTD (Company Registration No: *****5457D) MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the abovenamed Company held on the 15th day of May 2013, the following special resolution was duly
      320 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 4
      817 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PACIFIC WAY PTE. LTD. (the “company”) (In Members’ Voluntary Liquidation) (Company Registration Number: *****4232Z) (Pursuant to Section 290(2)(b)) At an Extraordinary General Meeting of the company deemed held on 16th May 2013 at 1 Commonwealth Lane
      817 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 5
      1256 21 (INCORPORATED IN THE REPUBLIC OF KOREA) SEPARATE STATEMENTS OF FINANCIAL POSITION As of December 31, 2012 and 2011 Korean Won 2012 2011 (In millions) ASSETS Cash and due from banks W 6,929,182 W 7,409,044 Financial assets at fair value through profit or loss 1,472,758 1,481,282 Hedging derivative assets 37,867 32,537
      1,256 words
Page thumbnail Page 22
  • EDITORIAL & OPINION
    • Article
      Lock icon Time to tighten fiscal reins in Malaysia
      513 22 EDITORIAL NOW that the elections are over, the time for populism is gone and Putrajaya should consider reining in its spending. On Wednesday, Bank Negara Malaysia (BNM) the central bank released economic data that should give Prime Minister Najib Razak pause. GDP (gross
      513 words
    • Article, Illustration
      Lock icon Downside of Dodd-Frank laws may prove lethal
      750 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT’S been five years since the onset of the financial crisis the rescue of Bear Stearns in March 2008 and we still don’t know whether the financial system is safe. In a recent
      The Washington Post Writers Group  -  750 words
    • Article, Illustration
      Lock icon The shifting demand for output of ‘Factory Asia’
      1079 22  -  Region is consuming more of its own production as West suffers protracted slow growth ANTHONY ROWLEY Tokyo Correspondent THE Western industrial revolution effectively went into reverse when Asia began mass producing manufactured goods and shipping them to former exporting nations of the
      PHOTO: AP  -  1,079 words
    • Article, Illustration
      Lock icon Unity in diversity through kinship
      1369 23  -  One way we can minimise biases and thereby honour differences is through identifying shared values and concerns By SONDRA THIEDERMAN The writer will be the keynote speaker at the Singapore Tripartism Forum Conference on Fair Employment Practices on May 20. She will also be discussing
      PHOTO: BLOOMBERG  -  1,369 words
    • Article, Illustration
      Lock icon ‘Too big to fail’ refrain is core of financial malaise
      871 23  -  By SIMON JOHNSON The writer is a professor at MIT's Sloan School of Management and the co-author of ‘White House Burning: The Founding Fathers, Our National Debt, And Why It Matters To You’ Project Syndicate THERE are two competing narratives
      Project Syndicate  -  871 words
    • Article
      Lock icon SGX, just kill extended settlement contracts
      400 23 LETTER TO THE EDITOR NOW that extended settlement (ES) contracts are designated specified investment products (SIPs), R Sivanithy’s “What will happen to ES trading?”, (BT, April 29), could not have come at a better time. Come June 30, all SIPs can only be traded
      400 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      103 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
Page thumbnail Page 24
  • PROPERTY
    • Article
      Lock icon UK firms flock to Asia to market London properties
      691 24  -  Many setting up offices in Singapore and Hong Kong By MINDY TAN [SINGAPORE] With London property increasingly a top draw among investors, some UK companies are setting up office in Singapore in a bid to leverage the interest. For Beauchamp Estates,
      691 words
    • Article, Illustration
      Lock icon Keppel pricing Corals units at $1,800-3,000 psf
      460 24  -  Separately, Stratum condo in Pasir Ris is going for $900 psf By KALPANA RASHIWALA [SINGAPORE] Keppel Land is said to be pricing the initial 100 apartments at its Corals at Keppel Bay condo at between $1,800 psf and $3,000 psf. The project being
      460 words
    • Article
      Lock icon In Brooklyn, condos by the numbers
      1160 26 Small apartment houses rising in the area over 10 years mostly share features like a reddish brick facade NYT [NEW YORK] Belvedere LXX is a brand-new condominium in Greenpoint, Brooklyn, built of burgundy brick. It is so new that its permits still hang in
      NYT  -  1,160 words
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      501 24 D10 HOUSE FOR SALE CORONATION ROAD Semi-D Coronation 4+2 4883/3600sf. Valn $9M 1km to Nanyang Pri/ MRT. 9820 3480 Wendy Tan D10 HOUSE FOR SALE GOOD CLASS BUNGALOW GCB Garlick 18,500/ 8000 sqft. 5+3 study. Lush greenery. Open house Saturday 1pm to 4pm. Call Carol 9186 0850 D10 HOUSE FOR
      501 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      514 25 D20 HOUSE FOR SALE THOMSON Rare Semi-D Thomson! Freehold, Walk to MRT/ Famous eateries/Bank Yet Serene. Great Potential Growth! Call before sold! Noelle Ho 9889 9921 D27 HOUSE FOR SALE WAK HASSAN DRIVE 3-storey corner semi-d with roof terrace. 4 years old. 4467/ 4800sf. 5+1. Pool/ home lift. Beside Sembawang
      514 words
    • Advertisement
      Lock icon Page 25 Advertisements Column 2
      168 25 D04 APARTMENT FOR SALE CORALS KEPPEL BAY New launch at Keppel Bay, sea front, lifestyle living, exclusive 366 units, 5 mins to MRT/mall. Hurry!! D04 APARTMENT FOR SALE CORALS KEPPEL BAY Register VVIP Preview Corals at Keppel Bay. 1/ 2/ 3/ 4 bdrms Penthouses. Prime waterfront Luxury, Urban Marina living.
      168 words
    • Advertisement
      Lock icon Page 25 Advertisements Column 3
      163 25 D09 APARTMENT FOR SALE URBAN RESORT TOP Promotion! Attractive discount. 3/ 4 bdrms. 2121/ 2530 sqft. Fr $24xx psf. Agents welcome. Developer Sales Team D10 APARTMENT FOR RENT SERENADE HOLLAND 3 Study. 1507 sqft. 18-02. New Washer, Dryer, Side by Side Door Fridge. Pte Lift. Bright Quiet. Nice view. Spacious
      163 words
    • Advertisement
      Lock icon Page 25 Advertisements Column 4
      191 25 D10 APARTMENT FOR SALE REGENCY PARK Awarded interior renovation design, 3175 sf 3-rm, high flr, best/ excellent view, tenanted $12K. Ask $6.1M. Chris 9833 2020 D11 21 APARTMENT FOR SALE BINJAI PARK Rare 3 bdrms walk-up apt. 1033sf. 999 yrs. Near future MRT eateries. Closing very soon! Only $1.35M. Tenanted.
      191 words
    • Advertisement
      Lock icon Page 25 Advertisements Column 5
      147 25 D13 APARTMENT FOR SALE INTERO 3 bdrms. 1100 sf. Designer Decor. Near MRT/CBD. Mins PIE/CTE/KPE High flr. City view. $1.55M. D13 APARTMENT FOR SALE POTONG PASIR New Launch Potong Pasir. Next to MRT. From $12XX psf. City fringe. 1 Study/ 3 bedrooms/ Row House. Grab! D15 APARTMENT FOR SALE SILVERSEA
      147 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      549 26 THE RAFFLES CONVERSATION Asia has resisted the eurozone crisis and the problems in the United States probably better than people expected three years ago. Find out why, in The Raffles Conversation tomorrow with Anoop Singh, director of the Asia-Pacific Department of the IMF D17 APARTMENT FOR SALE OCEANFRONT Oceanfront Suites.
      549 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      341 27 D15 APARTMENT FOR RENT KATONG PARK TOWER Katong Park Tower Penthouse. *****sqft. S/Pool, 5+1 Spacious Room, Rare unit, Near International Schools, Full Condo Facitlities. Call 9787 7979 D15 APARTMENT FOR RENT PARKWAY $2890, 2+1. Parkway Opp. For 2 yrs. Building top skyline view, 1259 sqft. Nice renovated interiors. Quality white
      341 words
    • Advertisement
      Lock icon Page 27 Advertisements Column 2
      211 27 D06 OFFICE FOR SALE HIGH STREET CENTRE High Street Centre 2101 sf. Corp image. Unblocked postcard view! Lift frontage. Sea facing. Near amenities. 9857 6737 Mital D09 SHOP FOR SALE LUCKY PLAZA $28M. Rare! 1970 sqft. Lucky Plaza. Freehold. Best frontage. Orchard Road. Tourist belt. Capital gain. Paul Lim 9791
      211 words
    • Advertisement
      Lock icon Page 27 Advertisements Column 3
      261 27 D19 RESTAURANT FOR SALE HOUGANG New Launch! TOP 2018! $4xxx Psf! High ceiling! 5 minutes to MRT! Call now for special price! Maureen, 9817 0028 D19 SHOP FOR SALE UPPER PAYA LEBAR Freehold Shophouse. 1,829 5,000 sqft. 2-storey, with basement and roof terrace. A A completed. Asking: $4M. Christina Lim
      261 words
    • Advertisement
      Lock icon Page 27 Advertisements Column 4
      204 27 D03 FACTORY FOR RENT REDHILL FORUM Redhill Forum. Bright, Unblocked, Spacious 1270 sqft, toilet, NS facing, Available August, $3.6K. Maggie 9004 4014 D07 SHOP FOR RENT SIM LIM SQUARE #01 #02. 350 506 sqft. Best location, Heavy crowd, MRT. Squarish. Must view! 9626 2337 Ann D14 FACTORY FOR RENT PAYA
      204 words
    • Advertisement
      Lock icon Page 27 Advertisements Column 5
      235 27 FOREIGN PROPERTY FOR SALE ELEMENTS IN MALAYSIA Elements Ampang KL Luxury Condo. Affordable Quantum. Freehold Good Investment! Hurry Call Now: Amos 9765 4982 FOREIGN PROPERTY FOR SALE KUALA LUMPUR IN MALAYSIA VVIP Preview. 5-Star Hotel Suites KLCC, near Twin Tower. FH. Launch this Sat Sun. High-end mixed development. 5 yrs
      235 words
Page thumbnail Page 28
  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Asia Pacific leads growth in premium travel, says lata
      388 28  -  First, business class passengers up 4.4% in March; Asia-Pac records 12% jump By MARIA MALA YOGALINGAM [SINGAPORE] THE number of passengers travelling first and business class improved by 4.4 per cent in March this year compared to a year ago, with
      PHOTO: AFP  -  388 words
    • Article
      Lock icon Problem reported in some Boeing 777 engines
      329 28 GE says failure of the transfer gear boxes may shut down engine Reuters [NEW YORK] General Electric Co and Boeing Co have alerted airlines about a potential problem w ith en g i nes on B oe i n g s long-range 777
      Reuters  -  329 words
    • Article, Illustration
      Lock icon Ferrying expensive cars drives airlines’ growth
      833 28 Bloomberg [ATLANTA] A 1963 Aston Martin like the one James Bond drove in Goldfinger began its journey from Frankfurt to New York by being manoeuvred into the hold of a Delta Air Lines Inc jet. The tyres of the US$450,000 coupe were lashed to
      Bloomberg; PHOTO: BLOOMBERG  -  833 words
    • Article
      Lock icon Shares in Daewoo Shipbuilding dive on profit concerns
      291 28 Bloomberg [SINGAPORE] Daewoo Shipbuilding Marine Engineering Co, the world’s third-largest shipbuilder, fell the most in 19 months in Seoul trading on concern the company may record weaker profit. Daewoo Shipbuilding dropped 10 per cent to 25,650 won as at 12.35pm, headed for
      Bloomberg  -  291 words
    • Article
      Lock icon Stevedores at Brazil’s ports end 2-day strike
      356 28 Reuters [SAO PAULO] Stevedores at Brazil’s key shipping port of Santos returned to work late on Wednesday, ending a two-day walkout at the country’s main ports that had a limited impact on cargo movement. The strike began unexpectedly at midday on Tuesday at
      Reuters  -  356 words
    • Article
      Lock icon Plane crash in Nepal, 21 people injured
      144 28 AP [KATMANDU, Nepal] A plane crashed while trying to land at a mountain airstrip in northern Nepal early yesterday, and all 21 people including nine Japanese tourists on board survived with injuries, police said. Four of them are in critical condition, police officer
      AP  -  144 words
    • Article
      Lock icon TRANSPORT STOCKS
      228 28 SGX '000 May 16 S$ +/-Vol CH Offshore 0.47 0.01 80 Chuan Hup Hldg 0.26 -0.01 139 Cosco Corp 0.81 0.01 2238 s$ Ezra Hldgs 1.04 0.02 ***** First Ship Lea Freight Links Grand Banks unch unch 0 Jaya Hold Ltd 0.63 -0.01 1699 K1Ventures 0.17 unch 1931
      228 words
Page thumbnail Page 29
  • Article
    Lock icon Shipping Times
    2635 29 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
    2,635 words
  • Page 29 Advertisements
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Lock icon Page 30 Advertisements Column 1
      136 30 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||p
      136 words
    • Advertisement
      Lock icon Page 30 Advertisements Column 2
      1 30 CALL,
      1 words
Page thumbnail Page 31
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3151 31 Transaction date: May 16 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company 5 3 A-Sonic --AAT Vol Day Last Quote (’000) High Low Buyer Seller Div Gr Yld C'vr 187 106
      3,151 words
    • Article
      Lock icon SGX CATALIST
      209 32 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale C000) High Low Buyer Seller C’vr P/E Smil nch
      209 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10633 32 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fung Cl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** ....1.0102/ .2.1134/ China Opportunities 7 9766/ FM local Ccy Bond 1 0273/ European Opportunities!" 1.2173/ Global Emerging Markets!" Global Opportunities/" China Opportunities
      10,633 words
    • Article
      Lock icon GLOBALQUOTE
      262 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A40.5 -0.5 96 41 40.5 40.5 41.5 3.6 8.6 3.3 147.6 52 30 Genting HK US$ US51.5 +0.5 ***** 52 50.5 51 51.5 3391
      262 words
    • Article
      Lock icon SGX ETF
      955 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 136.8 120.4 CIMB APAC Div 100S$D 136.8 142.2 143.1 114.4 95.8 CIMB APAC Div 100US$ US114.4 114.2 115.1 12 1491 1246 CIMBASEAN40 100S$D 1491 1483
      955 words
Page thumbnail Page 32
Page thumbnail Page 33
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      652 33 May 16 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.05 *****.72 *****.51 Jun13 *****.00 *****.00 *****.00 *****.00 *****1 *****9 Sep13 *****.00 *****.00 *****.00 *****.00 2533 9274 MSCI TAIWAN INDEX FUTURES SPOT 300.47 304.00 300.47 May13 300.30 304.90 299.30 303.60 ***** *****6 Jun13 299.40
      652 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 33 In local curr In S$ In US$ dy yr dy yr dy yr May 15 Index Change Change Change Change Change Change World Preliminary 1090.1 0.5 16.2 0.6 15.1 0.3 12.8 EAFE Preliminary 914.4 0.8 18.1 0.6 12.6 0.2 10.3 Europe Preliminary 1282.4 0.5 11.8
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 33 May 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.999 6.033 0.763 7.617 53.828 95.687 1.005 10.954 2.960 1.201 96.619 40.445 1.229 9.126 0.952 29.470 29.150 0.645 0.981 Canada 1.001 6.038
      471 words
    • Article
      Lock icon SIBOR
      70 33 May 16 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** May 6 mths 9 mths 9 mths 12 mths 12 mths
      70 words
    • Article
      Lock icon PRECIOUS METALS
      137 33 May 16 GOLD(US$/oz) May 15 May 16 Hong Kong 1424.50 1389.00 May 14 May 15 London 1435.16 1394.19 1435.93 1395.41 Source: Thomson Reuters CAST BAR May 16 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 126 56 5gm 358 280 10gm 639 559
      137 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      96 33 May 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 12-Aug-13 0.24 6-Month BS*****V 15-Nov-13 0.26 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 5-Year N*****0T 2.375 01-Apr-17 100.02
      96 words
    • Article
      Lock icon PALM OIL
      59 33 May 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 13 2289.0 2295.0 2323.0 2289.0 1059 3286 Jul 13 2298.0 2297.0 2332.0 2294.0 ***** ***** Aug 13 2297.0 2297.0 2324.0 2292.0 ***** ***** Sep 13 2290.0 2290.0
      59 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 33 May 16 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2287 1.2294 0.9809 0.9814 Canadian dollar 1.2297 1.2303 0.9821 0.9817 Euro 1.6103 1.6107 1.2856 1.2858 NZ dollar 1.0227 1.0236 0.8165 0.8171 Sterling pound 1.9041 1.9045 1.5201
      156 words
    • Article
      Lock icon CHICAGO BOT
      112 33 May 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1412.75 1414.75 1422.75 1402.25 Aug 13 1342.00 1346.25 1351.50 1334.00 Sep 13 1262.50 1268.00 1273.00 1257.75 Nov 13 1209.75 1214.00 1221.00 1205.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13
      112 words
    • Article
      Lock icon LIFFE
      98 33 May 15 COCOA (£/tonne) Close Prev High Low May 13 1569 1597 1601 1569 Jul 13 1566 1568 1574 1558 Sep 13 1572 1571 1580 1561 Dec 13 1574 1576 1581 1565 COFFEE(US$/tonne) Close Prev High Low May 13 2027 2005 2029 2023 Jul 13 2054 2050 2060 2042
      98 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 33 CRUDE OIL PRODUCTS May 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.43 -1.38 WTI (Near Mth) 94.30 0.14 Dubai (1-Mth F) 99.03 -0.70 Tapis blend 107.22 -0.26 Minas 100.22 -0.26 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.11 -1.33 Jet Kerosene 114.31 -1.12 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 33 May 16 S$ Bid Offer 1-month 1.2526 1.2527 2-months 1.2525 1.2527 3-months 1.2525 1.2527 6-months 1.2522 1.2530 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      70 33 Apr 15 Apr Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1807.00 1827.50 3 months 1839.50 1857.00 Copper, Grade A(US$/tonne) Cash 7169.50 7216.00 3 months 7198.00 7245.00 Lead(US$/tonne) Cash 1957.25 1964.75 3 months 1969.00 1979.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
      70 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1083 33 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Cooo) Conv AlliedTech W*****2 Exer Asiatravel.com HoldingsW*****7 1 1 25 14 Asiatravel.com HoldingsW*****5 2.2 1 27 38 Disc Best World Intl Ltd W*****5 1.5 1 30 37 15.33 2 BiosensoBPeCW*****2 Gear-
      1,083 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      127 33 As at 9am May 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.262 1.202 Can dollar 1.249 1.201 Euro 1.641 1.563 Sterling pound 1.933 1.859 NZ dollar 1.053 1.013 US dollar 1.270 1.210 Local dollars to 100 units of foreign
      127 words
    • Article
      Lock icon INTERBANK RATES
      159 33 May 16 May 16 $S Offer Bid 0vernight 0.04 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75
      159 words
Page thumbnail Page 34
  • executive life style
    • Article, Illustration
      Lock icon A heart for business
      1709 34  -  Social enterprises that empower the underprivileged by giving them work are reaping the rewards of their humanitarian business bent, reports SARA YAP SARA YAP TALK about good karma; despite facing obstacles such as high overheads and rising costs of materials, some social enterprises defined as businesses
      PHOTOS: DAVID LEE, 8 FAHRENHEIT, REN BAKERS, GOT FOOD?, FILE  -  1,709 words
  • Page 34 Advertisements
Page thumbnail Page 35
  • CINEMA
    • Article, Illustration
      Lock icon Great party, wrong girl
      643 35  -  The Great Gatsby’s parties are stunning in 3D, but Mulligan is miscast, writesHELMI HELMI YUSOF AT the heart of F Scott Fitzgerald’s novel The Great Gatsby is a longing for a girl you can’t have. In Baz Luhrmann’s wild and decadent movie version, the longing isn’t
      PHOTOS: GV  -  643 words
    • Article, Illustration
      Lock icon Hitting all the right keys
      445 35  -  By GEOFFREY EU DEPENDING on your point of view, Populaire is a quirky period piece about an obscure and bygone competitive sport speed-typing, no less or a Pygmalion-like tale about a sweet young thing and the worldly-wise cad who takes her under his wing. Either
      PHOTO: FESTIVE FILMS  -  445 words
    • Article, Illustration
      Lock icon A darker universe for the Enterprise
      594 35  -  By GEOFFREY EU THE latest instalment of the reincarnated Star Trek franchise reverberates with death, near-death and destruction on a massive scale, together with requisite displays of courage, loyalty and sacrifice among comrades. Tears and torpedoes drop in equal measure in this early summer
      PHOTO: UIP  -  594 words
    • Article, Illustration
      Lock icon DiCaprio defends Gatsby at Cannes as sales surge
      678 35 Bloomberg LEONARDO DiCaprio scans the sumptuous grounds of his Long Island chateau as dozens of revellers guzzle champagne, dance the foxtrot and dive into a monogrammed pool. “I’m Gatsby,” he beams, introducing himself to the viewer in Baz Luhrmann’s 3D extravaganza The
      Bloomberg; PHOTO: REUTERS  -  678 words
Page thumbnail Page 36
  • MUSIC
    • Article, Illustration
      Lock icon Music’s most seminal week
      730 36  -  Regional music gets a megaboost from the Web live from Singapore, writesDYLAN DYLAN TAN MOVE over, Psy a new Internet sensation could be discovered in Singapore next week when more than 50 music acts from around the world descend upon Clarke Quay to play a three-night
      PHOTOS: FILE, MUSIC MATTERS LIVE WITH HP  -  730 words
    • Article, Illustration
      Lock icon Heeding the call of all-male Sirens
      556 36  -  By NATALIE KOH SIRENS are one of the most beautiful yet treacherous creatures in Greek mythology. Their hauntingly beautiful voices ring out at sea, luring unwitting sailors to rocky coasts and certain death. But in male chorus Chanticleer’s concert on Wednesday night, titled The
      PHOTO: ESPLANADE  -  556 words
    • Article, Illustration
      Lock icon Baroque music meisters take centre stage
      675 36  -  By NATALIE KOH THE name “I Musici” would probably fly right over the heads of people who don’t follow classical music, but in that genre, they’re one of the most established chamber orchestras around. Founded in 1952, they’re one of the oldest Italian ensembles
      PHOTO: OPERAVIVA  -  675 words
    • Article, Illustration
      Lock icon Bob to the ‘Bots of Daft Punk
      397 36  -  By DYLAN TAN WITH only four studio albums made in the 20 years they have been together, Daft Punk, comprising the French duo of Guy-Manuel de Homem-Christo and Thomas Bangalter, are not the most hardworking guys (or robots, given that's how they appear
      PHOTO: DAFT PUNK  -  397 words
Page thumbnail Page 37
  • ARTS
    • Article, Illustration
      Lock icon Rise and rise of Berezovskaya
      628 37  -  In just eight years, 26-year-old Russian artist Anna Berezovskaya has seen the value of her artworks soar more than a hundredfold, reports HELMI YUSOF HELMI YUSOF EVEN before the doors open tomorrow for Anna Berezovskaya’s exhibition at Redsea Gallery, more than 90 per cent of
      PHOTOS: ANNA BEREZOVSKAYA  -  628 words
    • Article, Illustration
      Lock icon Christie’s makes art history with US$500m in sales of contemporary art
      652 37 AFP A BLOCKBUSTER auction of Contemporary art in New York, including a record US$58.4 million for a Jackson Pollock drip painting, fetched nearly half a billion dollars on Wednesday the biggest haul ever at an art auction. Christie’s said
      AFP; PHOTOS: AFP, AP  -  652 words
    • Article, Illustration
      Lock icon Zooming in on young artists
      654 37  -  By HELMI YUSOF IN Guo Yixiu’s White Dreams series, images of HDB flats are constructed using very tiny photos of random slippers and shoes which she photographed along the corridors of HDB flats. It’s a clever device that makes her images at once intimate and
      PHOTOS: GUO YIXIU, HU QIREN  -  654 words
    • Around Town
      • Article, Illustration
        Lock icon Art
        187 38 Art Garden 2013: Revisit your childhood at this exhibition, which features whimsical, imaginative art pieces centred on fairy tales and dreams. For instance, Sandra Lee’s The Enchanted Garden City depicts Red Riding Hood clad in a traditional Peranakan outfit. Works by other artists such as Dawn Ng and Julien
        PHOTO: SAM  -  187 words
      • Article
        Lock icon Music
        191 38 The Used Vulnerable Tour: American rock band The Used will play here for the first time. Known for songs such as Box Full Of Sharp Objects and I Caught Fire, they have played at festivals like Ozzfest and Projekt Revolution. Fans can look forward to hearing the band’s popular
        191 words
      • Article
        Lock icon Stage
        91 38 ’Allo ’Allo by Jeremy Lloyd David Croft: Catch this stage adaptation of the 1980s British sitcom of the same name. Set in Nazi-occupied France during World War II, it follows the adventures of a cafe owner and his wife. DBS Arts Centre from May 22 to May 25 at
        91 words
      • Article, Illustration
        Lock icon Wine
        79 38 Chateau BelgraveWine Dinner at Raffles Grill:Unwind after a busy work week over Chateau Belgrave vintage wines paired with a four-course menu designed by the Raffles Hotel’s deputy executive chef Nicola Canuti at the Raffles Grill (above). The dinner will feature the 2000 and 2003 vintages, and limited bottles will
        79 words
      • Article
        Lock icon Nightlife
        67 38  -  Compiled by SARA YAP One Way to Ibiza: Party the night away with upbeat dance music at this festival inspired by Ibiza, which is known for its vibrant dance scene. The line-up includes Latino-Swiss DJ-musician Santiago Cortes, Icelandic DJ Newklear and British producer Sonny Wharton. Mambo Beach Club Sentosa,
        67 words
    • Article, Illustration
      Lock icon Emo central, Singapore
      763 38  -  Playwright Sangeeta Nambiar takes issue with a recent survey highlighting that Singaporeans are the least emotional people in the world, reports CHE AH CHE AH UI-HOON Remember how you got all worked up last November when an international survey rated Singaporeans as the least emotional people in
      PHOTOS: PLAYACTING PRODUCTIONS  -  763 words
Page thumbnail Page 38
  • Page 38 Advertisements
    • Advertisement
      Lock icon Page 38 Advertisements Column 1
      49 38 The Finder Singapore Download today! IT’S FREE <1> Digital www.TheFinder.com.sg liilWJMiWI m m DIRTY DANCING ..get up close to the stars for a healthy happier you er EATING OUT? CT3 Short trips, cul spa more FREE DOWNLOAD Available on the *w»oio*fpoj. AppStore P* Google play MAY ISSUE OUT NOW!
      49 words
    • Advertisement
      Lock icon Page 38 Advertisements Column 2
      38 38 100 YEARS OF INDIAN CINEMA A look at the stars and events that have shaped the industry 360 DEGREES: Dr Chandroo on the challenges of quality pre-schooling GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      38 words
  • Page 38 Miscellaneous
    • Miscellaneous
      Lock icon Page 38 Miscellaneous Column 1
      332 38 CRYPTIC CROSSWORD Across 1 Crossing duty makes you strike? (4) 3 Local supporter right to the end (3) 5 Dark image swine had inserted (6) 8 Motors reassembled in northern port (6) 9 Better than normal, but not on course! (5,3) 10 Shallow type in corner with old record (4-4)
      332 words
Page thumbnail Page 39
  • WINE
    • Article, Illustration
      Lock icon Tip of the hat to Clos Vougeot vintages
      1212 39  -  Savouring the wine is a journey into terroir, writes NK YONG A TASTING of Clos Vougeot Grand Crus poses interesting questions. Clos Vougeot does not have as great a reputation as a Grand Cru, and indeed is not regarded in the front-rank
      PHOTOS: NK YONG  -  1,212 words
  • Page 39 Advertisements
    • Advertisement
      Lock icon Page 39 Advertisements Column 1
      139 39 Creating wealth. Preserving wealth for future generations. Do you have the time to focus on both? At UBS, we work with some of the most ambitious clients in the world. They're interested in building wealth, and passing it on to their family. That's why our advisors are experienced in helping
      139 words
Page thumbnail Page 40
  • Page 40 Advertisements
    • Advertisement
      Lock icon Page 40 Advertisements Column 1
      161 40 Boutique Living The new Audi A3 Sportback with class-leading interior. Way ahead. The new Audi A3 Sportback sets new standards in sportiness, design and innovation. And when it comes to a luxury interior, this car is anything but standard. First-class materials. Beautifully finished premium leather. Innovative three-dimensional inlays. Every detail
      161 words