The Business Times, 24 May 2013

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Microfilm: NL32576
Total Pages: 36
1 40 The Business Times
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  • Title Section
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    19 1 THE BUSINESS TIMES www. usinesstimes.com.sg FRIDAY, MAY 24, 2013 S$1.00 MICA (P) 074/08/2012 Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • Article, Illustration
    Lock icon Singapore economy basks in a rare burst of sunshine
    1128 1  -  Unexpected upgrade for GDP, moderating inflation and jump in factory output blow some dark clouds away, but risks remain By Teh Shi Ning tshining@sph.com.sg Singapore IT was a good day for Singapore’s economy, with positive surprises on three fronts: An unexpected
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  • Article
    Lock icon Bernanke-Beijing double whammy rocks markets
    899 1  -  Fed could ease up on bond purchases; China’s manufacturing shrinks By Anthony Rowley btworld@sph.com.sg Tokyo A CONTRACTION in China’s manufacturing sector and Federal Reserve chairman Ben Bernanke’s hint that the US central bank could soon begin tightening sent markets in Asia and around the world
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  • TOP STORIES
    • Article
      Lock icon China manufacturing sector shrinks in May
      694 2  -  HSBC flash PMI slips to 49.6, the lowest in seven months; new orders, employment below threshold By Virginie Mangin btworld@sph.com.sg Beijing IN CHINA, slow growth is here to stay and even the odd contraction in some sectors cannot be ruled out, as the latest
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    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 HSTI 3,393.17 (-61.20) HSTI FUTURES 3,393.00 (-61.00) HSIMSCI 381.33 (-8.24) HSIMSCI FUTURES 379.20 (-9.90) STOCKS Thursday Change KL COMP 1,773.06 -10.82 NIKKEI 225 14,483.98 -1,143.28 HANG SENG 22,669.68 -591.40 SET 1,607.46 -23.81 JAKARTA 5,121.40 -86.60 MANILA 7,314.38 -70.69 KOSPI 1,969.19 -24.64 SHENZHEN B 856.63 -13.13 MUMBAI IND 19,674.33 -387.91
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.158 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
        48 2 US$ S$ US$ (S$ per US$) 1.267 (US$/S$ per 1.505 1.906 EURO(US$/S$/€ 1.287 1.630 Foreign currency per US$ S$ YEN 101.80 80.40 RM 3.038 2.398 HK$ 7.763 6.128 BAHT 29.98 23.66 RUPIAH 9,773 7,714 RENMINBI 6.135 4.843 INDIAN RUPEE 55.85 44.08 A$ 1.038 0.820 NZ$ 1.245 0.983
        48 words
    • Article
      Lock icon Electronics sector turns around in April
      578 3  -  1 .1 output growth from year ago is first y-on-y expansion in over 2 years; overall factory output up 4.7% By Teh Shi Ning tshining@sph.com.sg Singapore SINGAPORE’S manufacturing heavyweight, the electronics sector, turned around in April to post its first year-on-year expansion in more
      578 words
    • Article
      Lock icon Vehicle policies help ease inflation to 1.5% in April
      772 3  -  By Malminderjit Singh msingh@sph.com.sg Singapore THE government’s cooling measures for motor vehicles sales have helped moderate inflation, which eased to 1.5 per cent in April from 3.5 per cent in March. This moderation in the CPI-All Items inflation rate, which had
      772 words
    • Article, Illustration
      Lock icon S’pore has lower than average GDP wage share
      789 4  -  But its PPP-adjusted wage level is higher than those of many developed economies By Wong Wei Kong weikong@sph.com.sg Singapore SINGAPORE’S wage share of gross domestic product (GDP) is lower than that of most developed economies, but this does not necessarily mean that
      PHOTO: YEN MENG JIIN  -  789 words
    • Article
      Lock icon ICBC Singapore to start yuan clearing next week
      502 5  -  Deutsche Bank is first off with Sing$/yuan spot trade, live pricing of local currency pairs By Siow Li Sen lisen@sph.com.sg Singapore INDUSTRIAL and Commercial Bank of China (ICBC) will offer yuan clearing to financial institutions here from next Monday, and banks are
      502 words
    • Article, Illustration
      Lock icon Unlikely Todd had access to unique formula: witnesses
      834 5  -  Man who sold Veeco machine to IME also testifies in court SHANE TODD INQUIRY By Nisha Ramchandani nishar@sph.com.sg Singapore IT is unlikely that Shane Todd had access to a unique formula when he travelled to New Yorkbased Veeco Instruments for a training
      PHOTO: RAJ NADARAJAN/THE STRAITS TIMES  -  834 words
    • Article, Illustration
      Lock icon Prosecution grills own witness over evidence
      971 6  -  Judge lets questioning proceed amid objections by defence counsel, who accused DPP of introducing new evidence in re-examination CITY HARVEST CASE By Michelle Quah michquah@sph.com.sg Singapore THE prosecution appeared to be seeking to discredit its own witness yesterday, the last day of the first
      PHOTO: AZIZ HUSSIN/THE STRAITS TIMES  -  971 words
    • Article, Illustration
      Lock icon Govt to call for $1.2b worth of new infocomm tenders in FY13
      703 7  -  Industry expertise to be harnessed to boost service delivery to citizens, businesses through IT: IDA By Amit Roy Choudhury amit@sph.com.sg Singapore SECURITY, cloud solutions, analytics and agile software are the four thrust areas for the Singapore government as
      PHOTO: STOCK XCHANGE  -  703 words
    • Article
      Lock icon Poll results a hot issue at Star AGM
      480 7  -  A few shareholders accuse publication of supporting BN By S Jayasankaran btworld@sph.com.sg Kuala Lumpur WHAT was to have been a routine annual general meeting of Star Publications last Wednesday turned out to be anything but. According to people present, one man told
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      36 2 CONTENTS NEWS EXECUTIVE LIFESTYLE Cover story 31-33 Cinema 34-35 Music 36 Top Stories 2-7 Companies 8-11 Singapore 12-13 World 14-19 Aviation/Shipping 20 Crosswords 20 Shipping Times 21-23 Perspective 24-25 Stocks Stats 26-30 Arts 37-39 Wine 40
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  • Page 6 Advertisements
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      99 6 Discover a total solution for your every business need a m V 4 OI=j!p| ASIA 10-12 JULY 2013 Marina Bay Sands Singapore www.OfficExpoAsia.com Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sf!l Blk 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel: (65) 6848 5938 Fax: (65) 6848 4182
      99 words
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  • COMPANIES
    • Article, Illustration
      Lock icon ComfortDelGro loses $600m market value
      739 8  -  This comes one day after Singapore Labour Foundation sells 8 per cent stake in the group By Angela Tan angelat@sph.com.sg Singapore COMFORTDELGRO Corp lost almost S$600 million of its market value yesterday, a day after its long-time shareholder, Singapore Labour Foundation (SLF), cashed in on
      FILE PHOTO  -  739 words
    • Article
      Lock icon Accenture wins SIA’s IT system contract
      253 8  -  By Maria Mala Yogalingam ymaria@sph.com.sg Singapore ACCENTURE has been awarded a major contract with Singapore Airlines (SIA) to develop a new IT system that focuses on meeting more of the travel needs of the airline’s customers and hence, delivering an improved travel experience. Accenture
      253 words
    • Article
      Lock icon GLP posts 43% rise in Q4 profit
      449 8  -  By Ong Chor Hao ongch@sph.com.sg Singapore GLOBAL Logistic Properties (GLP) has reported a fourth-quar-ter profit of US$224 million, 43 per cent higher than the US$156.5 million a year ago, in no small part due to its venture into Brazil. For the three months
      449 words
    • Article, Illustration
      Lock icon Yield plays hit hard on risk of QE slowdown
      623 10  -  STOCKS| Kenneth Lim kenlim@sph.com.sg Correspondent YIELD plays fell like clowns in ba-nana-peel shoes yesterday as the Singapore stock market suffered its deepest one-day drop in a year on fears that the US Federal Reserve would rein in stimulus measures sooner rather
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    • Article
      Lock icon STI STOCKS
      114 10 Stock name Close Change CapMallsAsia 2.020 -0.020 CapitaLand 3.660 -0.100 CapitaMall 2.170 -0.130 CityDev 10.85 -0.200 ComfortDelGro 1.925 -0.255 DBS Grp 17.15 -0.130 GLP 2.860 -0.090 Genting SP 1.475 -0.030 Golden Agri 0.570 HK Land 7.150 -0.110 HPH Trust US$ 0.810 -0.015 JMH 66.15 +0.110 JSH 40.16 -0.270
      114 words
    • Article
      Lock icon Commodity traders need to be more transparent: HSBC
      629 10  -  By Andrea Soh sandrea@sph.com.sg Singapore COMMODITY trading houses will have to be more transparent going forward, or risk losing support from their banks and customers. This is especially as regulators and the public increase pressure on banks and companies to be more
      629 words
    • Article
      Lock icon TOP 20 ACTIVES
      213 10 VOL CLOSE Cedar 473 ,569 1 .2 0 .3 33 .3 LifeBrandz 280 ,395 1 0 .0 0 .0 ComfortDelGro 242 ,695 1 92 .5 -25 .5 -11 .7 WE Hldgs 202 ,512 1 1 -0 .2 -1 .8 YHM 156 ,538 4 .3 -0 .2 -4
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    • Article
      Lock icon TOP GAINERS
      65 10 BY CENTS CLOSE UP DBXT iBoxxSvEu 5US$ ***** 1585.5 5.3 DBXT MSUSA 10US$ 4084 88.7 1.7 DBXT S&P Short 10US$ 3000 78.5 2.1 Lyxor AsiaRE 10US$ 1131 60.8 4.4 DBXT S&P500 10US$ 2684 58.3 1.7 GLD 10US$ ***** 46.9 0.3 DBXT MSAsExJp 10US$ 3388 41.8 1.0 DBXT MSEmerAsi
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    • Article
      Lock icon TOP LOSERS
      66 10 BY CENTS CLOSEDOWN DBXT Nifty 10US$ ***** -682.6 -4.7 DBXT MSKorea 10US$ 5652 -234.3 -3.2 DBXT MSJAP 10US$ 4578 -229.2 -3.8 DBXT MSTHAI 10US$ 2288 -136.8 -4.5 Jardine C&C 4686 -119.0 -2.5 SPDRS S&P 500 10US$ ***** -88.7 -0.4 Lyxor China H 10US$ 1395 -63.3 -3.5 DBXT FTVietnam
      66 words
    • Article, Illustration
      Lock icon Stamford Land full-year profit down 40.6%
      708 11  -  Revenue falls 45.1 to $266.7m; weaker showing mostly in second half of FY201 3 By Kalpana Rashiwala kalpana@sph.com.sg Singapore STAMFORD Land Corporation, which is involved in the hotel and property business, has posted group net profit of $31.7 million for the year ended March
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    • Article
      Lock icon Valuetronics halves dividend as profit falls 40% to HK$78.7m
      392 11  -  By Carine Lee carinel@sph.com.sg Singapore ELECTRONICS manufacturer Valuetronics Holdings Ltd has halved its proposed dividend payout for the fiscal year ended March 31, 2013 to eight Hong Kong cents per share. A year ago, the group had paid out 16 HK
      392 words
    • Article
      Lock icon BOC Aviation renews ST Aerospace contract
      271 11  -  By Maria Mala Yogalingam ymaria@sph.com.sg Singapore BOC Aviation has finalised a new five-year agreement with Singapore Technologies (ST) Aerospace to maintain Airbus 320 and Boeing 737 airframes. The Singapore-based aircraft leasing company has worked with ST Aerospace for the past five years, and this
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      1001 9 SOI 3UILD CONSTRUCTION GROUP LTD Soilbuild Construction Group Ltd. (Company Registration Number: *****1440Z) (Incorporated in the Republic of Singapore on 14 January 2013) Issue Manager mm Joint Underwriters and Joint Placement Agents ■ItyOB 0°CBCBank Invitation in respect of 168,000,000 New Shares comprising: (a) 2,000,000 Offer Shares at S$0.25 for each
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  • SINGAPORE
    • Article, Illustration
      Lock icon PM Lee to Japan: Engage more with Asean
      714 12  -  It’s time to look forward to a better future together and not reopen old wounds, he says Reports by Chuang Peck Ming in Tokyo peckming@sph.com.sg WITH the Japanese economy looking to finally bounce back under a new leadership, Prime Minister Lee Hsien
      PHOTO: LIM SIN THAI/THE STRAITS TIMES  -  714 words
    • Article
      Lock icon Lack of national view a barrier to trade deals
      339 12 WHAT ails Japan in making deals with economic partners abroad is its lack of a common view of what’s good for the country, according to Prime Minister Lee Hsien Loong. Fielding questions at the Nikkei International Conference yesterday, he said: “Fundamentally,
      339 words
    • Article
      Lock icon 2 housing projects set for preview
      413 12  -  By Ng Sai Ying nsaiying@sph.com.sg TWO properties in north-eastern Singapore will be open for preview this Vesak Day weekend. One is Jewel Buangkok, a condominium project by City Developments Limited (CDL) located along Compassvale Bow in Sengkang and within walking distance of Buangkok MRT
      413 words
    • Article, Illustration
      Lock icon Replicating the Silicon Valley culture
      615 13  -  After helping to create a pro-enterprise environment, ACE’s looking to the next steps By Malminderjit Singh msingh@sph.com.sg THE national movement by the private and public sectors to seed and nurture Singapore start-ups is pausing for a stock-take on its 10th anniversary. The Action Community of
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    • Article, Illustration
      Lock icon Consultation key in town-council review
      452 13  -  By Ong Chor Hao ongch@sph.com.sg A PRIORITY in the review of town councils will be to set up a process to take in different views and suggestions, Senior Minister of State for National Development Lee Yi Shyan said yesterday. He noted that different views have
      452 words
    • Article
      Lock icon CPF Board recovers $293m in contribution arrears from errant employers
      281 13  -  By Lee Meixian leemx@sph.com.sg THE Central Provident Fund (CPF) Board recovered $293 million in owed and late CPF contributions last year, benefiting more than 200,000 local workers. Of the $293 million, $9.4 million was recovered from 4,000 companies who underpaid
      281 words
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  • WORLD
    • Article
      Lock icon ADB questions quality of Asia’s growth
      510 14  -  Report cites China air pollution, Bangladesh factory collapse, child malnutrition in India By Anthony Rowley btworld@sph.com.sg Tokyo THE Asian Development Bank (ADB) has questioned the “quality” of economic growth in developing Asia. A report by its Independent Evaluation Department has also pointed out that
      510 words
    • Article, Illustration
      Lock icon British security chiefs meet over gruesome Islamist attack
      541 14 AFP Reuters London BRITAIN’S national security chiefs met yesterday as coun-ter-terrorism police investigated the murder of a soldier who was hacked to death in a London street by two suspected Islamist extremists. The suspects were shot by police after the gruesome attack
      AFP; Reuters; PHOTO: AFP  -  541 words
    • Article
      Lock icon UN sees slow global economic growth this year
      323 14 AP United Nations GLOBAL economic growth is projected to gain slow momentum for the rest of the year, a United Nations economic forecast said yesterday. The UN’s Development Policy and Analysis Division released a mid-year update forecasting world gross product growth at
      AP  -  323 words
    • Article, Illustration
      Lock icon IMF chief grilled in Paris court over state payout to tycoon
      712 15 If she’s charged, it would weaken her position, undermine her future ambitions on world stage AFP Paris FRENCH prosecutors were grilling IMF chief Christine Lagarde in a Paris court yesterday as they seek to determine whether she should be
      AFP; PHOTO: AP  -  712 words
    • Article
      Lock icon Emerging markets’ tax havens widely used: study
      231 15 Re uters London NEARLY half of the money that multinationals and wealthy investors poured into emerging markets in 2011 came via tax havens, resulting in revenue losses for poor countries, anti-poverty campaigners ActionAid said in a report. British Prime Minister David Cameron has
      Reuters  -  231 words
    • Article
      Lock icon End of the road for Ford plants in Australia
      352 15 US carmaker to stop making vehicles there due to soaring costs amid rising Aussie dollar Bloomberg Sydney FORD Motor Co will stop making cars in Australia, nine decades after founder Henry Ford first began building Model Ts in the country, as
      Bloomberg  -  352 words
    • Article, Illustration
      Lock icon HP shares soar as results beat expectations
      656 16 Company still struggling to turn around, with Q2 profit down 32% NYT San Francisco THE more Meg Whitman succeeds at fixing Hewlett-Packard, the bigger her challenges become. Ms Whitman, chief executive of HP, the world’s largest maker of information technology hardware, inherited many
      NYT; PHOTO: BLOOMBERG  -  656 words
    • Article
      Lock icon Deutsche Bank grilled over suits, probes
      348 16 Reuters Bloomberg Frankfurt DEUTSCHE Bank’s bosses got a grilling from shareholders about a string of lawsuits and regulatory probes involving Germany’s biggest bank. Co-chief executives Anshu Jain and Juergen Fitschen yesterday addressed the bank’s annual shareholder meeting at Frankfurt’s fair and exhibition centre nearly
      Reuters; Bloomberg  -  348 words
    • Article, Illustration
      Lock icon Fed’s mixed signals set off Dow’s 276-point swing
      804 17 Bernanke’s Capitol Hill testimony propels index before it dives after the release of Fed meeting minutes Washington Post Washington WHEN Federal Reserve chairman Ben Bernanke spoke on Wednesday morning on Capitol Hill, his words seemed to hint that the central bank’s stimulus
      Washington Post; PHOTO: BLOOMBERG  -  804 words
    • Article, Illustration
      Lock icon KL clarifies minister’s comment about GST
      510 18  -  No time frame set, it says; Idris Jala had said the tax, if 7%, may raise RM20b-RM27b a year By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE Malaysian government has not decided a time frame to implement a proposed goods and services tax (GST) which
      PHOTO: BLOOMBERG  -  510 words
    • Article
      Lock icon Indonesia asks to cut oil output target
      332 18 Reuters Jakarta INDONESIA’S energy regulator says the country’s oil production target next year is too optimistic, and wants it scaled back between roughly 4 per cent and 8 per cent, domestic media reported yesterday. The former OPEC member was once self-sufficient in oil
      Reuters  -  332 words
    • Article
      Lock icon China may scrap floor for interest rates this year
      250 18 Reuters Beijing CHINA may remove its floor for interest rates as early as this year or next year at the latest, Chinese media said yesterday, an important step towards freeing the country’s tightly-con-trolled interest rates market. Ba Shusong, a researcher at
      Reuters  -  250 words
    • Article
      Lock icon Infosys investors not convinced even as CEO says worst is over
      524 19 Shares down 17% since April 1; Analysts feel company needs to change strategy rapidly Bloomberg New Delhi INFOSYS Ltd Chief Executive Officer S D Shibulal says the worst may be over for India’s second- biggest soft-ware-services provider, which slumped
      Bloomberg  -  524 words
    • Article
      Lock icon China to relax forex rules for SEZ firms
      317 19 Changes would allow firms to take legal profits out of country Re uters Shanghai CHINA’S foreign-exchange regulator said it would simplify regulation of foreign-currency transactions for companies operating in the country’s special economic zones (SEZs), as Beijing moves to liberalise the yuan.
      Reuters  -  317 words
    • Article
      Lock icon Ranbaxy spends US$300m in overhaul
      163 19 AFP New Delhi INDIAN generic giant Ranbaxy said on Wednesday that it has spent over US$300 million to overhaul its operations and ensure that there is no repeat of drug safety violations that led to a multi-million-dollar US fine. Last week, New Delhi-based Ranbaxy pleaded
      AFP  -  163 words
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  • Page 16 Advertisements
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      27 16 fM^ 2 P. V LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG FACEBOOK.COM/HOTFMSG I HOTFMSG
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  • Page 19 Advertisements
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      511 19 SOFTENGER (SINGAPORE) PTE LTD (Incorporated in the Republic of Singapore) Registered Number: *****5988K 10 Jalan Besar #13-08 Sim Lim Tower Singapore *****7 NOTICE OF REDUCTION OF SHARE CAPITAL Notice is hereby given that the following resolutions to approve the capital reduction was duly passed at the EGM held on 18
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon AirAsia’s quarterly profit down 39%
      573 20 High fuel and finance costs to blame despite increased passenger numbers and fares Reu ters New Delhi AIRASIA Bhd, the region’s biggest budget carrier, reported its first drop in profit in five quarters as higher fuel and finance costs eroded gains from carrying more passengers.
      Reuters; PHOTO: REUTERS  -  573 words
    • Article
      Lock icon 1.55b euro extension opens at Rotterdam port
      309 20 AFP Rotterdam EUROPE’S busiest port of Rotterdam opened a multi-billion euro extension on Wednesday, with wider and deeper basins to accommodate the world’s biggest freight ships. The Maasvlakte 2 project is the largest feat of Dutch maritime engineering in decades, and is forecast
      AFP  -  309 words
    • Article
      Lock icon Boeing claims edge from 787’s lessons
      460 20 Bloomberg New York BOEING Co said lessons from the plastic-composite 787 have helped the planemaker build a five-year advantage over Airbus SAS in twin-aisle jets, the models that are the backbone of airlines’ long-haul fleets. Airbus doesn’t “have an airframe that can compete” with
      Bloomberg  -  460 words
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  • Article
    Lock icon Shipping times
    2631 21 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
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  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      112 21 J e b e l A l Shanghai LaemChabang Chittagong i Port Klang J e d d a h B r is b a n e NYK RORO Conventional ServiceREGULAR SERVICE TO H a m b a n t o t a REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea,
      112 words
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  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      26 22 Experienced shfp maintenance services wanted. dsn -they find your services here in the Shipping Times? The Business Times TO ADVERTISE. CALL JOE WONG AT 9620 1327
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  • Page 23 Advertisements
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      43 23 Experienced maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327. The Business Times Shipping Times Shipping lines seeking reliable logistics partners Can they find your services here in the Shipping Times?
      43 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon US politics of hyperbole
      1195 24 / 25  -  Republicans are likening Barack Obama to Richard Nixon; many believe the Benghazi and IRS affairs are the worst political scandals since Watergate Leon Hadar Washington correspondent THE Obama administration may have or may have not covered up important details about the terrorist attack in Benghazi, Libya,
      PHOTO: AP  -  1,195 words
    • Article, Illustration
      Lock icon Need to use remittances to develop villages, agriculture
      843 24 / 25  -  By Kanayo F Nwanze The writer is president of the International Fund for Agricultural Development, an international financial institution and a specialised United Nations agency based in Rome. Project Syndicate FOR more than a decade, Asia’s economies have been on the move
      Project Syndicate; THE STRAITS TIMES FILE PHOTO  -  843 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8221 26 Transaction date: May 23 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.4 8Telecom 13 +0.4 60 13 13 13 13.5 10.6 0.8 10.7 62.3 8.8 3 A-Sonic 5.3cd -0.6 2599 6
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    • Article
      Lock icon SGX CATALIST
      1878 29 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21.5 15 t 800 Super 19.5 19.4 19.8 3.3 5.1 5.8 34.9 6.2 2.8 t AA Grp 3.5 3.4 6 175 3.4 40 17.2 t
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 29 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 12 2 0 0 0 1 12 2 Manufacturing 26 99 32 1 21 7 27 120 39 Commerce 9 44 12 2 11 4 11 55 16 Tpt/Stor/Comms 1 38 2
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      767 29 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 20 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Serial Sys 22-May-13 Goh Bak Heng Buy 700 0.13 *****5 36.47 *****5 36.55 Singapore Land 22-May-13 UIC
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 29 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 120,720 120,720 150,757 150,757 Manufacturing 548,867 619,580 1,168,447 251,583 15,143 266,726 Commerce 448,451 307,427 755,878 152,441 27,144 179,584 Tpt/Stor/Comms 419,741 11,253 430,994 738,565 4,444 743,009 Finance 157,747 3,132 160,879 317,915 1,848 319,763 Construction 232,820 157,466
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 30 May 22 COCOA (£/tonne) Close Prev High Low Jul 13 1562 1569 1577 1559 Sep 13 1569 1575 1583 1566 Dec 13 1565 1574 1579 1562 Mar 14 1562 1568 1575 1558 COFFEE(US$/tonne) Close Prev High Low May 13 1966 1971 1990 1970 Jul 13 1999 2008 2015 1996
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    • Article
      Lock icon METALS
      65 30 May 23 GOLD(US$/oz) May 23 May 22 Hong Kong 1387.30 1395.00 May 22 May 21 London 1378.71 1365.90 1379.48 1366.65 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 28.72 27.94 Source: UOB PLATINUM Lon (US$/oz) May 22 Close Previous PM Fix 1474.00 1456.00 AM Fix 1465.00 1468.00 Source:
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 30 May 23 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.254 1.195 Can dollar 1.244 1.197 Euro 1.666 1.587 Sterling pound 1.942 1.868 NZ dollar 1.045 1.005 US dollar 1.295 1.234 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article, Illustration
      Lock icon STOCK MARKETS
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    • Article
      Lock icon PALM OIL
      57 30 May 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 13 2330.0 2328.0 2348.0 2325.0 458 1926 Jul 13 2362.0 2362.0 2380.0 2346.0 4921 ***** Aug 13 2360.0 2359.0 2375.0 2342.0 ***** ***** Sep 13 2353.0 2350.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      92 30 May 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 22-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 99.89 99.91 99.91 5-Year N*****0T 2.375
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      Lock icon INTERBANK CURRENCY RATES
      155 30 May 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2195 1.2204 0.9630 0.9631 Canadian dollar 1.2205 1.2218 0.9641 0.9638 Euro 1.6296 1.6310 1.2868 1.2871 NZ dollar 1.0168 1.0179 0.8029 0.8033 Sterling pound 1.9058 1.9071 1.5049 1.5050
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      Lock icon CHICAGO BOT
      104 30 May 22 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 13 1494.25 1478.25 1495.00 1470.50 Aug 13 1405.50 1390.25 1406.25 1385.50 Sep 13 1300.00 1288.00 1300.75 1282.50 Nov 13 1238.75 1220.75 1239.75 1221.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 13 49.64 49.48 49.74 49.39
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      Lock icon OIL
      68 30 May 22 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 103.43 -0.42 WTI (Near Mth) 93.85 -2.01 Dubai (1-Mth F) 99.95 -1.18 Tapis blend 107.21 -1.73 Minas 100.41 -1.53 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.83 -1.95 Jet Kerosene 116.09 -1.40 US$/barrel OpecOil Basket Price 100.36
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    • Article
      Lock icon LONDON METALS
      72 30 May 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1850.00 1827.00 3 months 1883.00 1861.00 Copper, Grade A (US$/tonne) Cash 7444.50 7338.50 3 months 7475.00 7370.00 Lead (US$/tonne) Cash 2045.25 2028.75 3 months 2057.00 2039.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr May 22 Index Change Change Change Change Change Change World Preliminary 1106.1 0.6 17.9 0.6 18.1 0.4 14.0 EAFE Preliminary 926.7 0.4 19.6 0.2 14.9 -0.1 11.0 Europe Preliminary 1300.3 0.5 13.3
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      Lock icon Page 31 Advertisements Column 1
      71 31 Executive LifestyleBT YOUNG AND DRIVEN Enterprising Singaporeans are putting the paper chase on hold and entering the rat race L32-33 CINEMA Putting pedal to the metal L34 MUSIC Singapore hosts Social Star Awards L36 THE BUSINESS TIMES MAY 24, 2013 ARTS The Art Basel HK factor L37 PHOTO: PARTY BLASTERS
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  • BT Executive Lifestyle
    • COVER STORY
      • Article, Illustration
        Lock icon YOUNG &DRIVEN
        1801 32 / 33  -  Enterprising Singaporeans are putting the paper chase on hold and entering the rat race. By Natalie Koh, Sara Yap btnews@sph.com.sg I n Singapore’s highly competitive and “kiasu” environment, not many people would risk setting foot on their career paths without doing the paper chase first for the sake
        PHOTOS: PARTY BLASTERS; PHOTO: TIM KEK  -  1,801 words
      • Article, Illustration
        Lock icon A ‘serial entrepreneur’
        635 32 / 33  -  By Sara Yap sarayap@sph.com.sg Alvin Soe, 23, CEO of Supernova Media (www.supernovamedia.biz) and co-founder of Belsoe Entertainment Group (www.belsoe-ent.com/home) FOR a 23-year-old, Alvin Soe has chalked up an impressive list of credentials he is the CEO of production company Supernova Media, co-owns another entertainment business, and is
        PHOTO: SUPERNOVA MEDIA  -  635 words
    • CINEMA
      • Article, Illustration
        Lock icon Put pedal to the metal
        511 34 / 35  -  Fast and Furious 6 shows no signs of pulling up to the kerb. By Natalie Koh CINEMA audiences never get sick of fast cars, bulging muscles and scantily clad women; which is why 12 years after the original The Fast and the Furious, the franchise’s
        PHOTO: UIP  -  511 words
      • Article, Illustration
        Lock icon Cheating with gay abandon
        437 34 / 35  -  By Sara Yap sarayap@sph.com.sg ROMANTIC comedies typically provide an ideal universe where everything works out somehow and everyone gets a happy ending at the end of 90 minutes. But you won’t necessarily find that in semi-arthouse Taiwanese romcom Will You Still Love Me Tomorrow?, Ameri-can-born-Chinese director
        PHOTO: FESTIVE FILMS  -  437 words
      • Article, Illustration
        Lock icon Emperor’s box-office reign hobbled by plot
        476 34 / 35  -  By Dylan Tan dylantan@sph.com.sg SOMEBODY should have reminded director Peter Webber (Girl With A Pearl Earring, Hannibal) that less sometimes can be more. The British filmmaker tries to cram too much into his latest film, Emperor, set in 1945 post-World-War-II Japan and ends up
        PHOTO: CATHAY-KERIS FILMS  -  476 words
    • MUSIC
      • Article, Illustration
        Lock icon Abuzz over stars with Web feats
        883 36  -  A new Oscars-inspired awards show is set to put Singapore on the social media map. By Dylan Tan By Dylan Tan dylantan@sph.com.sg FROM Rock gods to football stars and Hollywood A-listers, stargazers must be nursing a sore neck this week with all the celebrity-spotting
        PHOTO: AP  -  883 words
      • Article, Illustration
        Lock icon One story, many digital platforms
        589 36  -  By Dylan Tan FAIRY tales are coming to life literally as children and young adult content make the big leap from print to various other digital mediums. This trend of transmedia defined as the technique of telling a story across multiple digital platforms and formats
        PHOTO: NLB  -  589 words
    • ARTS
      • Article, Illustration
        Lock icon The Basel effect
        838 37  -  Art Basel Hong Kong shapes up to be the art fair to beat in Asia, writes Cheah Ui-Hoon in Hong Kong Cheah Ui-Hoon WHAT makes a standout art fair? The quality of its visitors, naturally. All of Art Basel’s 25 VIP relationship managers based in five continents
        PHOTOS: BLOOMBERG, AP  -  838 words
      • Around Town
        • Article, Illustration
          Lock icon Stage
          212 37 Fat Kids Are Harder To Kidnap: 3D: Local performance group How Drama is back with the third instalment of its Fat Kids Are Harder To Kidnap trilogy. Performing 31 plays in an hour, the cast will address a smorgasbord of local issues ranging from terrorism to Gangnam Style. This
          PHOTO: HOW DRAMA  -  212 words
        • Article
          Lock icon Music
          241 37 Deftones: Koi No Yokan Tour: American alternative metal band Deftones is back in Singapore. Known for hits such as Tempest and Elite, the group recently bagged the Album of the Year award at the Revolver Golden Gods Award Show earlier this month for its latest release Koi No Yokan.
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        • Article
          Lock icon Art
          91 37  -  Compiled by Sara Yap Sharing From The Heart: Do your part for charity at this art exhibition, where 111 works by local and Chinese artists will be on sale, and proceeds will go to aiding needy pupils from Dunearn Secondary School. The money will provide them with school pocket
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      • Article, Illustration
        Lock icon SDT’s finest hour
        685 38 / 39  -  Singapore’s premier dance company, the Singapore Dance Theatre, celebrates 25 years with its best works, writes Helmi Yusof Helmi Yusof helmi@sph.com.sg TWENTY five years ago, when the Singapore Dance Theatre was founded, its tiny troupe of seven dancers lived in absolute fear fear that the floor they
        PHOTO: SINGAPORE DANCE THEATRE  -  685 words
      • Article, Illustration
        Lock icon Shards and fragments form grist for her art mill
        669 38 / 39  -  By Helmi Yusof YEE Sookyung winces ever so gently when you begin the interview by asking her about her famous sculptures those voluptuous towers of discarded ceramics that have graced many art magazine pages. You ask her why she winced and
        PHOTOS: OTA FINE ARTS  -  669 words
      • Article, Illustration
        Lock icon Senior actors in the spotlight
        937 38 / 39  -  By Helmi Yusof CHOO Ai Keow is 73 now, but remembers all too well being a teenager and having a crush on her classmate. “We were good friends and did homework together. I think he liked me too. He lived far away from my home
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    • WINE
      • Article, Illustration
        Lock icon Marquee Bordeaux choices
        1090 40  -  The Bordeaux region vintages remain the benchmark for wine lovers all over the world. By NK Yong btnews@sph.com.sg THE current flavour for (far too) many months is Burgundy so it is a pleasure to return to Bordeaux. It is so familiar. Which raises the possibility that the
        PHOTO: NK YONG  -  1,090 words
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  • Page 34 / 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 34 / 35 Miscellaneous Column 1
      319 34 / 35 CRYPTIC CROSSWORD Across 1 Voguish point of view taken for example (8) 5 Thrash to attend in university (4,2) 10 Tramp, dubbed as this wandering king, to head forth (6,2,3,4) 11 Ingredient section of clientele mentioned (7) 12 Beer overturned by one with a princely habit (7) 13 Set out,
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