The Business Times, 15 May 2012

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, May 15, 2012
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  • Article
    Lock icon Private equity funds are caught in a bind
    863 1  -  They need to use up their hoard of capital, but deal prices have shot up By JAMIE LEE [SINGAPORE] Private equity funds are in a Catch-22 situation. While competition with corporates is driving up transaction prices for deals, the PE funds are
    863 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 HST INDEX 2,864.12 (-19.28) HST INDEX FUTURES 2,863 (-20) HSIMSCI 327.84 (-3.94) HSIMSCI FUTURES 327.60 (-3.60) us$ s$ US$ (S$ per US$) 1.256 (US$/S$ per 1.608 2.020 EURO (US$/S$/E) 1.288 1.617 Foreign currency per US$ S$ YEN 80.10 63.80 RM 3.079 2.451 HK$ 7.765 6.183 BAHT 31.30 24.92 RUPIAH
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    • Article
      Lock icon PRIME RATES
      19 1 PRIME RATES 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.397 TAIWAN 5.036 JAPAN 1.475 KOREA Source: Bloomberg
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  • Article, Illustration
    Lock icon After loss, heads start rolling at JP Morgan
    654 1  -  Chief investment officer quits, others may follow suit By NEIL BEHRMANN in London AFTER suffering more than US$2.3 billion in trading losses, the JP Morgan Chase trader known as “London Whale” has claimed a high-profile victim, perhaps the first of many. Ina
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      93 1 COMMENTARY Moves that rile India’s telcos PAGE 23 S’PORE NEWS S’pore to raise bar for granting patents PAGE 10 S’PORE ARTS FESTIVAL Lost history brought alive PAGE 24 COMPANIES Warning of more poor results after disappointing Q1 PAGE 4 PROPERTY Sentiment index rises after falling 4 quarters I PAGE 32
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      556 2 Private equity funds are caught in a bind PRIVATE equity funds are in a Catch-22 situation. While competition with corporates is driving up transaction prices for deals, the PE funds are also under pressure to use up their dry gunpowder. But securing these deals at high prices means
      556 words
    • Article
      Lock icon China's reserve ratio cut not likely to help much
      710 2  -  Move not surprising and may not be enough to deal with the downturn By VIRGINIE MANGIN in Beijing CHINA’S reserve requirement ratio cut announced on Saturday came as no surprise, but it may be insufficient to deal with the downturn. For
      710 words
    • Article, Illustration
      Lock icon SingTel mio draws viewer ire over interrupted EPL finale
      852 2  -  By VICTORIA HO [SINGAPORE] Viewers are up in arms after multiple signal failures to their SingTel mio TV boxes interrupted crucial parts of Sunday night’s English Premier League finale. The live coverage of the last two simultaneous matches of the season
      852 words
    • Article
      Lock icon Indonesia resumes supply of granite
      383 2  -  Week-long disruption would hit S’pore hard as prices would have risen By FELDA CHAY [SINGAPORE] Indonesia has resumed supplying granite to Singapore on Sunday after a week-long disruption that affected some construction projects here, much to the relief of the building industry. The Building Construction
      383 words
    • Article, Illustration
      Lock icon Signs of property market cooling; hot spots remain
      461 3  -  Stock of shoe-box units, mass market prices outside central region rising: Khaw YESTERDAY IN PARLIAMENT By MINDY TAN [SINGAPORE] The various measures to cool the property market have borne encouraging signs, but trouble spots in the form of shoe-box units and rising
      461 words
    • Article
      Lock icon Inflation to stay around 5%, taper off in H2
      536 3  -  By CHUANG PECK MING [SINGPORE] Inflation is tipped to stay around 5.0 per cent in the next few months before tapering off in the second half of the year to bring the rate to 3.5-4.5 per cent for 2012, Trade and
      536 words
    • Article
      Lock icon Govt shuns extreme measures to help low-wage workers
      461 3  -  By CHUANG PECK MING [SINGAPORE] Extreme measures are to be shunned when it comes to helping low-wage workers, Minister of State for Manpower Tan Chuan-Jin told Parliament yesterday. Instead, the government has gone for a balanced, comprehensive and holistic approach that extends
      461 words
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      164 2 GOLD Is necessary for all investors and institutions to own as part of their investment portfolio. Will appeal to your existing Asia Pacific contacts or clients to hedge against uncertainties in the current global economic climate. Can present tremendous business opportunities in Singapore when GST is lifted for investment grade
      164 words
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      209 3 TXJs I fee 'l-Class v Site -r? > ws :-’v -V.>:^ Vj.. l'7&;.yy'-i >. v> -safe; 'v i: i The new M-Class makes short work of even the meanest streets, with elegance and refinement. Its climatised seats not only offer a commanding view of the road, they also put you
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Q1 results point to more poor quarters ahead
      702 4  -  Analysts say more firms threw up negative surprises than positive ones for Q1 By KELLY TAY SHODDIER-THAN-EXPECTED Q1 earnings have not only left market watchers disappointed they have also pushed analysts to warn of more poor results in the quarters to come.
      Compiled by BT  -  702 words
    • Article
      Lock icon No wow factor from property in Q1
      820 4  -  By MICHELLE TAN PROPERTY players offered no jolly jack-in-the-box surprises during the Q1 reporting season, as earnings growth from industry players turned out more or less in line with what analysts had anticipated negative. So far, the majority of property counters have posted
      820 words
    • Article, Illustration
      Lock icon Yanlord Land's Q1 net profit falls 49%
      402 5  -  By LYNETTE KHOO CHINA’S high-end developer, Yanlord Land Group, recorded a 49 per cent year-on-year slump in net profit for the first quarter ended March 31 to 135.6 million yuan (S$27 million) as it delivered fewer units in the period. Revenue fell 84
      402 words
    • Article
      Lock icon STX OSV posts 13% fall in Q1 net profit
      254 5  -  By LYNN KAN STX OSV took in net profits attributable to equity-holders for the first quarter of 269 million krone (S$57.1 million), 13 per cent lower than the 310 million krone for the same period last year. Revenue was 2.8 billion
      254 words
    • Article
      Lock icon ComfortDelGro Q1 earnings climb 6.8% to $53.5m
      391 5  -  Revenue up 6.5%, helped by growth in key segments By NISHA RAMCHANDANI TRANSPORT group ComfortDelGro posted a 6.8 per cent rise in net profit to $53.5 million for the first quarter ended March 31, as growth across its key business segments boosted revenue
      391 words
    • Article
      Lock icon k1 back in the black with $6.6m net
      381 5  -  Bulk of investment revenue came from US-based Guggenheim Capital By LYNN KAN KEPPEL Corp’s associated investment vehicle k1 Ventures swung back into the black in the third quarter from a year ago, with net profits of $6.6 million compared with net losses
      381 words
    • Article, Illustration
      Lock icon SATS net profit edges down to $50.1 m in Q4
      498 8  -  Group proposes final plus special dividends of 21 cents per share By NISHA RAMCHANDANI SATS, which has proposed final and special dividends totalling 21 cents per share, registered a net profit of $50.1 million for the fourth quarter ended March
      FILE PHOTO  -  498 words
    • Article
      Lock icon Swiber's Q1 hit by absence of fair-value gain
      335 8  -  By JASMINE NG SWIBER Holdings’ net profit attributable to shareholders fell 10.6 per cent to US$8.65 million for the first quarter ended March 31, from US$9.67 million year earlier. This was despite revenue rising 29.1 per cent to US$194.43 million as a
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    • COMPANY BRIEFS
      • Article
        Lock icon Midas Q1 profit falls 74.7%
        64 8 ALUMINIUM alloy manufacturer Midas Holdings’ net profit for the first quarter ended March fell 74.7 per cent year-on-year to 15.26 million yuan (S$3 million). The group’s revenue also declined 22.3 per cent to 230.38 million yuan. Midas said that the lingering impact of the 2011
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      • Article
        Lock icon Bonvests Q1 profit down 6.5%
        47 8 BONVESTS Holdings reported that its net profit for the first quarter ended March 31 fell 6.5 per cent from a year ago to about $4 million. Revenue was up 6.5 per cent at $38.68 million due to its hotel and industrial units.
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      • Article
        Lock icon Asiatravel.com narrows loss in Q2
        122 8 ASIATRAVEL.COM Holdings, an online travel and hotel reservation service provider, announced a narrower net loss of $489,000 for the second quarter ended March 31, an improvement from the $807,000 loss that it made for the same period a year ago. Revenue was down 6.2 per
        122 words
      • Article
        Lock icon Cordlife Q3 down on listing expenses
        75 8 CORDLIFE Group’s net profit for its third quarter ended March 31 fell 57 per cent to $832,000, even as revenue rose 13 per cent to $6.92 million. The fall in net profit was mainly due to one-off listing expenses and selling and marketing expenses,
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    • Article
      Lock icon At a glance Q1 results ended March 2012
      189 8 NET PROFIT (S$M) TURNOVER (S$M) COMPANY CURRENT PREVIOUS CHG CURRENT PREVIOUS CHG STXOSV 59.99 69.13 -13.2 626.85 711.82 -11.9 ComfortDelGro 53.50 50.10 6.8 855.40 803.00 6.5 Bumitama 26.47 26.12 1.3 119.61 103.23 15.9 Asiasons 15.98 8.20 94.9 5.29 3.93 34.4 Wheelock 13.14
      189 words
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      1822 4 DO YOU NEED TO BE A MANAGER OR A LEADER? W rhink about the challenges you are likely to face over the next few years. Do you face a changing or a stable environment? Are the problems familiar and predictable, or unfamiliar and unpredictable? For most of us, change and
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      47 5 A//j> Europe's Best Airline r r BUSINESS CLASS Full flat-bed seats, best in-flight entertainment and Flying Chef service. Fly to more than 200 destinations via Istanbul with our A330-300 and B777-300 ER aircraft. turkishairlines.com 6732 4556 A STAR ALLIANCE MEMBER V>~ Dining room. Living room. Bedroom. AIRLINES
      47 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI slips 0.7% on eurozone worries
      622 6  -  Stocks vulnerable to a sharp slowdown in world trade and demand for commodities were among the worst hit STOCKS CONRAD TAN Correspondent WORRIES over Greece and the break-up of the eurozone weighed heavily on stocks yesterday, starting what is likely to be a volatile
      Source: Bloomberg  -  622 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 13 2 0 0 0 2 13 2 Manufacturing 24 89 31 3 13 8 27 102 39 Commerce 13 37 12 1 8 3 14 45 15 Tpt/Stor/Comms 6 29 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,503 15,503 67,722 67,722 Manufacturing 350,283 198,249 548,532 188,036 5,225 193,261 Commerce 264,516 20,968 285,484 91,446 1,149 92,595 Tpt/Stor/Comms 94,849 15,089 109,938 133,706 3,945 137,651 Finance 19,043 19,043 142,710 142,710 Construction 145,921 67,413 213,334 10,746
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.430 +0.030 CapitaLand 2.650 -0.080 CapitaMall 1.785 +0.005 CityDev 10.210 +0.010 ComfortDelGro 1.460 -0.015 DBS Grp 13.680 -0.190 F&N 6.800 -0.050 GLP 1.970 +0.035 Genting SP 1.605 -0.020 Golden Agri 0.690 -0.005 HK Land 5.990 +0.010 JMH
      114 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 6 May 14 VALUE CLOSE BT OB/OS -1119.00 -65.00 BT CADI -*****.00-254.00 BT 10-day MA -*****.00-112.00 FTSE ST Mid Cap 658.20 -6.06 FTSE ST Small Cap 426.94 -7.87 FTSE ST All Share 691.32 -5.33 FTSE ST China Top 196.30 -4.53 FTSE ST China 228.41 -3.46 FTSE ST Catalist
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    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME TT Intl 90,405,000 Centillion 76,148,000 Informatics 75,553,000 Vashion 67,799,000 TopGlobal 66,015,000 JEL Corp 59,182,000 IPCO Intl 58,134,000 Golden Agri 56,034,000 ChinaFashion 52,877,000 Plastoform 40,449,000 VALUE($) DBS Grp 84,374,363 Wilmar 67,943,230 Genting SP 61,104,600 SingTel 58,357,644 Keppel Corp 42,245,715 Golden Agri 39,199,755 SembMar 33,139,810 Ascendasreit 28,199,350 Olam
      54 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      840 6  -  Compiled by LYNN KAN UOL May 14 close: $4.34 OCBC Investment Research, May 14 UOL reported Q1 2012 PATMI of $84.0 million, down 63 per cent y-o-y mostly due to reduced profits from the property development segment and from associates (after Nassim Park Residences’ temporary occupation permit (TOP)
      Source: Bloomberg  -  840 words
    • Article, Illustration
      Lock icon Euro falls to near 4-month low amid Greek turmoil
      566 6 CURRENCIES Reuters [LONDON] The euro fell to a near four-month low yesterday as political turmoil gripped Greece, highlighting the risk that the country may exit the eurozone, while worries about slowing Chinese and global growth drove down higher-yielding currencies. Safe-haven currencies
      Reuters; AFP  -  566 words
    • Article
      Lock icon RISES
      107 6 BY CENTS CLOSE UP JMH 4966 158.2 2.6 DBXT AUD Bonds 5AU$ ***** 112.8 0.5 JSH 3187 71.6 1.8 DBXT S&P Short 10US$ 3839 40.2 0.8 DBXT SPASX200 10US$ 3278 22.6 0.6 OCBC Bk 5.1%NCPS 100 ***** 19.0 0.2 SembCorp Ind 476 9.0 1.9 FirstRes 175.5 8.5 5.1 Goodpack
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    • Article
      Lock icon FALLS
      125 6 BY CENTS CLOSE DOWN Lyxor Indonesia10US$ 9225 -433.1 -3.6 DBXT iBoxxSing 5SG$ ***** -228.0 -1.7 GLD 10US$ ***** -215.9 -1.1 DBXT MSEurope 10US$ 4113 -175.8 -3.3 DBXT Nifty 10US$ 9339 -87.9 -0.7 DBXT FTVietnam 10US$ 2612 -85.4 -2.5 DBXT MSAsExJp 10US$ 2968 -80.4 -2.1 DBXT MSJAP 10US$ 3496 -67.8
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      Lock icon Page 7 Advertisements Column 1
      105 7 0^ omnebo^ INTERNATIONAL HOTEL AWARDS ASIA PACIFIC in association with HSBC M BEST HOTEL SINGAPORE Mandarin Orchard Singapore 2012-2013 W j/ .-V r 'C jfti wC Xi fr it i UPimiMBi 1® V’■E;v =m r>: Meritus Hotels Resorts CEO Michael Sengol (centre) receiving the Best Hotel Award for Mandarin Orchard
      105 words
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      63 8 Featuring insights and analyses by an eminent and diverse collection of more than 50 speakers including Dr Lee Kai-Fu Chairman and CEO, Innovation Works, People’s Republic of China Lu Mai Secretary General, China Development Research Foundation, People’s Republic of China Clyde Prestowitz President, The Economy Strategy Institute, United States of
      63 words
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      277 8 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School University of California Berkeley Haas School of Business A strategic fusion of East and West business wisdom. Be a part of this distinguished cohort. "The BNAMP provides a good in-depth study into both the Western and Eastern models of business and how they differ
      277 words
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      384 9 n 4 e y< ocuer 138 Hobinson Hoad m n ri BUSINESS RIGHT AT THE HEART OF THE ACTION. -a rl3 I p Prominently located at 138 Robinson Road, only minutes away from Tanjong Pagar MRT station, Oxley Tower is a stunning 32-storey freehold strata development that includes a 3-storey
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Desmond Choo welcomes help from leaders
      590 10  -  By LEE U-WEN WHILE he has stated repeatedly that next week’s Hougang by-election is a local event and that he very much preferred to be his own man, People’s Action Party (PAP) candidate Desmond Choo said he would readily welcome support from his party’s
      DESMOND WEE/THE STRAITS TIMES  -  590 words
    • Article
      Lock icon Talent retention a challenge in Asia-Pac
      247 10  -  By AMANDA EBER AMID a backdrop of economic uncertainty and unemployment in the West, the Asia-Pacific’s labour market is alive and booming. Kelly Services senior vice-president Dhirendra Shantilal also thinks that the “largest challenge” for employers will continue to be talent retention. He was
      247 words
    • Article
      Lock icon S'pore to raise bar for granting patents
      409 10  -  Applications must pass examination review; more work for patent officers YESTERDAY IN PARLIAMENT By VICTORIA HO SINGAPORE is tightening up the patent application process as part of its efforts to become an intellectual property (IP) hub. The Ministry of Law and Intellectual Property
      409 words
    • Article
      Lock icon Cost will make or break new LPG terminal
      456 10  -  Operators point to land costs, napthaLPG price spread By RONNIE LIM THE big “C”, or cost, will determine whether Singapore goes ahead with a planned US$100 million-plus LPG terminal to bring in propane gas to help the current naphtha-fuelled petrochemical crackers here
      456 words
    • Article
      Lock icon S'poreans want govt services online: poll
      286 10  -  By AMANDA EBER AS SINGAPOREANS become more engaged in the digital sphere, they would like for public sector services to follow suit. This is among the key findings from Accenture’s latest “Digital Citizen” study, conducted November last year involving seven countries including Germany, India
      286 words
    • Article
      Lock icon West Bengal rolls out schemes to woo S'pore investments
      400 10  -  By MALMINDERJIT SINGH UNDERLINING the appeal of Singapore in India, the state of West Bengal is courting more businesses and investments from here. West Bengal’s Minister for Industries Partha Chatterjee invited companies from Singapore to invest in infrastructure, information communication technology,
      400 words
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      1122 10 ihlFIBER UNITED FIBER SYSTEM LTD. United Fiber System Limited (Incorporated in the Republic of Singapore) (Company Registration No: *****8589E) 103 Defu Lane 10. #02-01 BTH Building. Singapore *****3 Tel No: (65) 6487 3500 I Fax No: (65) 6284 0074 www.ufs.com.sg NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that
      1,122 words
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  • SME Inc
    • Article, Illustration
      Lock icon Setting the gold standard
      952 11  -  Soo Kee Jewellers hopes to reach out to a broader consumer base through its more-affordable SK Jewellery line, reports AMANDA EBER reportsAMANDA AMANDA EBER WHY buy nondescript gold bars when you can buy intricate gold jewellery of the same value instead? This, says Peter Lim, 52,
      YEN MENG JIIN  -  952 words
    • Article, Illustration
      Lock icon There's more than one layer to this cake venture
      1225 11  -  By ANNA LEE IT is not uncommon for naysayers to be critical of best friends starting a business together. Business, after all, deals with money, which many a time strains even familial ties. But long-time friends Robin Pho and Darryl Lim
      YEN MENG JIIN  -  1,225 words
    • Article, Illustration
      Lock icon Successful mentoring reaps dividends
      1435 12  -  If executed well, mentoring can be harnessed as a powerful professional development tool. Here’s how to create a successful mentoring programme within your organisation COMMENTARY By RONALD LEE The writer is managing director of recruitment agency PrimeStaff Management Services IMAGINE if you were taken under a
      FILE PHOTO  -  1,435 words
    • PRODUCTIVITY MATTERS
      • Article, Illustration
        Lock icon DHL's chain of continuity
        1097 13  -  The company uses a data-centric method of tracking improvements to standardise methodologies among sites around the world. JOYCE HOOI reports. LOGISTICS HOOIreports. world.JOYCE HOOIreports. DHL Supply Chain might make connecting far-flung areas of the planet its business, but it was only a few years ago that
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      • Article
        Lock icon Where to go
        286 13 Key schemes FUNDING WORK PROCESSES IMPROVEMENT WORKFORCE DEVELOPMENT LEGEND SCHEME WHAT YOU GET WHO TO CONTACT Productivity and Innovation Credit (PIC) Businesses can enjoy 400% tax deduction and/or a cash payout of up to $60,000 for their spending across six types of productivity improvement activities. Inclusive Growth
        286 words
      • Article, Illustration
        Lock icon Future Electronics' hub advantage
        1100 13  -  By JOYCE HOOI WHEN it comes to getting products to customers, conventional wisdom might suggest that you be everywhere at once. Future Electronics, however, is flying in the face of the mainstream logistics school of thought. The electronic component distributor’s crown jewel is its Asia-Pacific Distribution
        YEN MENG JIIN  -  1,100 words
    • BUILDTECHASIA 2012
      • Article, Illustration
        Lock icon Innovation the way forward
        864 14 The expo will feature seven technologies and processes that will focus on three key productivity improvement areas SPECIAL FEATURE WHILE talk of productivity and innovation within the construction sector often centres around the site, improvements within the office workflow too can provide companies with substantial savings.
        864 words
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      181 11 Have an interesting story on an SME that you would like to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages details like how much the company has grown, and what sort of expansion plans it has, would be
      181 words
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      120 12 e If You ve Attained The Perfect Balance Of Success Be Recognised At E50 Awards 2012 It s time to stack up against the competition and emerge tall among our top 50 winners. As an E50 recipient, you will be poised to reach new heights. Qualifying Criteria: Homegrown, privately owned
      120 words
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      109 14 BuildTechAsia2012 m International Building Technology Expo Incorporating: ConMach Asio20l2 NewMateAs/o20/2 EleMeckAsia20l2 Redefining the Future of Construction 15-17 May I 10am to 6pm daily I Sands Expo and Convention Center at the Marina Bay Sands, Singapore i f OPENS TODAY! For more information, visit www.buildtechasia.com MBS car park charges at SG$6
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      919 15 BTA BuildTechAsia2012 m International Building Technology Expo Aceplp Launches Corporate BIM And CADD Training Services Aceplp, an ISO9001 certified company, has 15 years'experience in training engineering professionals, and is proud to present its corporate training services for the first time at Build Tech Asia. Visit our booth to learn how
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Sterling seen as favourite refuge in debt crisis
      651 16 Its 7.4% rise against euro since Oct a sign economy has bottomed, say bulls Bloomberg [LONDON] The British pound has become currency traders’ favourite refuge from the resurgent European debt crisis, threatening efforts by UK Prime Minister David Cameron to lift the
      Bloomberg; BLOOMBERG  -  651 words
    • Article
      Lock icon RBA: Challenges ahead but opportunities still to be had
      533 16 Reuters [MELBOURNE] Australia is adjusting to a once-in-a-century boom in mining investment, high terms of trade and a very strong local dollar, but it should not lose sight of opportunities being created, the country’s central bank deputy governor said yesterday. In
      Reuters  -  533 words
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      1706 16 Toll free 1800-289-8822 Email notices@sph,com,sg www.cats.com.sg/notices OCEANUS GROUP LIMITED (Company Registration No. *****5793D) (Incoporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Oceanus Group Limited (the “Company") will be held at Grand Ballroom, Level 5, Furama City Centre,
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  • MALAYSIA
    • Article
      Lock icon Telecom group Axiata misses 2011 targets
      379 17 Axiata points to forex losses, revenue mix, slow Indon business; but sees better year ahead [KUALA LUMPUR] Axiata Group Bhd, one of the largest telecommunications companies in South-east Asia is on track to meet its performance targets this year after falling well short the
      379 words
    • Article, Illustration
      Lock icon BN will win general election: Ling Liong Sik
      527 17  -  He says this is because of spending on the public By S JAYASANKARAN in Kuala Lumpur THE ruling Barisan Nasional (BN) coalition would win the next general election because of unprecedented levels of government spending on the public, a former minister said
      527 words
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      933 17 Communiohsia2012 [nternrlssAlT2012 Marina Bay Sands, Singapore Brttadcastlisia2012 Suntec Singapore 19-22 June 2012 Register online before 8 June! Visit Asia’s largest ICT, digital multimedia entertainment event Witness revolutionary technologies jA Cloud services and security S Digital media asset management A 9 DVB-T2 ‘Fibre’ for NextGen services M2M mCommerce Ui OTT Satellite
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Corporate governance issues ignored as China promotes blue chips
      610 18 Beijing needs to prove low valuations are undeserved by making deeper reforms Reuters [SHANGHAI] Chinese officials have been busy promoting investment in domestic “blue chip” stocks to retail investors this year, but some investors suspect the rhetoric is mostly intended to
      Reuters  -  610 words
    • Article, Illustration
      Lock icon India inflation climbs, scope for easing dips
      608 18 April’s wholesale price index rises 7.23%, taking market by surprise Bloomberg [NEW DELHI] Indian inflation unexpectedly accelerated in April, crimping the central bank’s scope to bolster economic growth by extending interest-rate cuts. The benchmark whole-sale-price index rose 7.23 per cent from a year
      Bloomberg; REUTERS  -  608 words
    • Article
      Lock icon China throws bond lifeline to B-share companies
      518 18 Foshan Huaxin scores a B-share first with bond deal Reuters [HONG KONG] China has opened a new fund-raising channel for purely B-share companies, which have been more or less barred from refinancing since 2004. Foshan Huaxin Packaging (FHP), a Chinese manufacturer of packaging
      Reuters  -  518 words
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      1608 18 LOW KENG HUAT (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) Registration No. *****0209G NOTICE OF FORTY-THIRD ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Forty-Third Annual General Meeting of the Company will be held at 22 Dempsey Road, Singapore *****9 on Thursday, 31 May 2012, at 11.00 a.m.,
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  • WORLD
    • Article, Illustration
      Lock icon Core problems with JPMorgan's failed trades
      736 19 It grew too big in a market of complex financial instruments that it had created Reuters [NEW YORK] JPMorgan Chase Co lost at least US$2 billion in its failed hedging strategy not only because it was sloppy, but because it grew too big in
      Reuters; REUTERS  -  736 words
    • Article, Illustration
      Lock icon Yahoo CEO steps down, board will be revamped
      676 19 Bloomberg [SAN FRANCISO] Yahoo Inc said that chief executive officer Scott Thompson is stepping down after failing to correct errors in his credentials, and the company is revamping its board handing a victory to activist investor Daniel Loeb who had pushed for
      Bloomberg; PH0T0S: REUTERS, AP  -  676 words
    • Article
      Lock icon Chesapeake plunges after disclosures
      387 19 Sell-off starts after energy company says it might delay asset sales NYT [NEW YORK] Chesapeake Energy is finding itself under increasing pressure from shareholders after a new batch of disclosures prompted a 13.82 per cent plunge in its stock price last Friday. The sell-off began after
      NYT  -  387 words
    • Article
      Lock icon Avon mulls over Coty's sweetened deal
      258 19 AP [NEW YORK] Cosmetics maker Avon changed course on a buyout offer that it had previously rejected, declaring on Sunday that it would consider selling itself to Coty after Coty sweetened the deal. In a sparse twosentence statement, Avon said that its board would
      AP  -  258 words
    • Article
      Lock icon Obama touting Ledbetter law to female voters
      721 19 But statistics show fair pay law has had limited impact Bloomberg [WASHINGTON] Some days, it may seem that President Barack Obama’s running mate is Lilly Ledbetter. Ms Ledbetter is a former Goodyear Tire Rubber Co manager who sued the firm after discovering near
      Bloomberg  -  721 words
    • Article, Illustration
      Lock icon Greece moving closer to bankruptcy, eurozone exit
      666 20 Political deadlock remains as party leaders not keen on compromise Reuters [ATHENS] Greece’s president met little enthusiasm from political leaders summoned to a final round of talks yesterday to avert a new election, reinforcing fears that the country was firmly on the path
      Reuters  -  666 words
    • Article
      Lock icon Spanish, Italian bond yields rocket on euro worries
      519 20 Possible Greek exit, Spanish default plague debt markets Reuters [LONDON] Spanish and Italian bond yields and default insurance costs surged yesterday as investors worried about a potential Greek exit from the euro zone and S p a i n s a ili
      Reuters  -  519 words
    • Article
      Lock icon Moody's said to be delaying bank downgrades amid crisis
      476 20 Bloomberg [LONDON] Moody’s Investors Service is delaying ratings downgrades on more than 100 banks as it assesses the effect of JPMorgan Chase Co’s trading losses and a greater possibility of a euro break-up, a Moody’s official said. The Moody’s official declined
      Bloomberg  -  476 words
    • Article, Illustration
      Lock icon European policy intact: Merkel
      618 20 AFP [BERLIN] German Chancellor Angela Merkel said yesterday that her party’s heavy losses in a crucial regional German vote was a “bitter, painful defeat” but stressed that it had no bearing on her European policy. “The work in Europe is not affected” by the historic defeat
      AFP; REUTERS  -  618 words
    • Article, Illustration
      Lock icon Tepco posts annual loss of almost US$10b
      334 20 Reuters [TOKYO] Tokyo Electric Power Co (Tepco) posted an annual loss of almost US$10 billion as compensation claims for the Fukushima nuclear disaster brought it to the brink of bankruptcy and fuel costs soared after idling all its atomic plants. Japan’s biggest utility
      Reuters; REUTERS  -  334 words
    • Article
      Lock icon Investors still snapping up US Treasuries
      517 20 Bloomberg [NEW YORK] The inability of the US government to reduce record debt and deficits is being rewarded in the bond market. For all the concern in Washington that the nation is piling on too much borrowing as the deficit exceeds US$1 trillion for
      Bloomberg  -  517 words
    • Article, Illustration
      Lock icon US as open as possible on TPP talks, says trade official
      752 21 But there’s need for ‘some measure of discretion and confidentiality’ Reuters [WASHINGTON] The United States is being as open as possible about international negotiations to create a nine-nation free trade agreement in the Asia-Pacif-ic region but has to maintain
      Reuters; BLOOMBERG  -  752 words
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  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      483 21 In The Matter of The Companies Act Cap. 50 And In The Matter of INDOCHINE RESOURCES PTE. LTD. Company Registration No.: *****2562M (In Members’ Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at 435 Orchard Road,
      483 words
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      469 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 SIM LIAN (MOUNT FABER) PTE. LTD. (In Member’s Voluntary Liquidation) Company Reg. No. *****8179W At an Extraordinary General Meeting of the Company deemed to have been duly convened and held pursuant to Section 179(6) of the Companies Act, Cap. 50 on
      469 words
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      Lock icon Page 21 Advertisements Column 3
      1075 21 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ANNOUNCEMENT PT Jati Piranti Solusindo (“Company”) hereby announces the proposed transfer of shares owned by Sumitomo Corporation, Fuji Television Network, Inc., 3i Aptech Nominees Limited, 3i Group Plc, Mr. Lam Mun Choong, Mr. Goh Seau Chia, Mr. Khoo Yiok Khoon Mervyn, Mr.
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      611 21 BANKOFSINGAPORE International Private Banking BANK OF SINGAPORE LIMITED Registration Number: *****0866R Registered Office: 65 Chulia Street, #09-00 OCBC Centre, Singapore *****3 CAPITAL ADEQUACY RATIOS AS AT 31 DECEMBER 2011 INDEPENDENT AUDITORS’ REPORT To The Member of Bank of Singapore Limited Report on the financial statements We have audited the accompanying
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  • EDITORIAL & OPINION
    • Article
      Lock icon Economic austerity set to take a back seat
      463 22 EDITORIAL AS US President Barack Obama prepares to host this year’s summit of the leaders of the G7/8 the advanced industrialised economies, plus Russia in Chicago later this week, much of the international attention would be focusing on two of the invitees,
      463 words
    • Article, Illustration
      Lock icon Economists may be on road of good intentions
      804 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT’S being called the “battle of the beards” Paul Krugman versus Ben Bernanke. Both are eminent (and bearded) economists: The latter, chairman of the Federal Reserve Board; the former, a Nobel Prize
      The Washington Post Writers Group  -  804 words
    • Article, Illustration
      Lock icon Lessons for Obama from Europe polls
      1155 22  -  European elections results show voters will vent their anger on whoever is in office LEON HADAR Washington Correspondent THERE are two major schools of thoughts in Washington about the lessons that US President Barack Obama should be drawing from the defeat of the French
      AFP  -  1,155 words
    • Article, Illustration
      Lock icon Moves that rile India’s telcos
      1138 23  -  Telecom authority’s proposals run against 1999 policy and are regarded as ‘destructive’ YOGI AGGARWAL ONE step forward, t wo b ac k t h a t seems to be the new mantra for India’s telecom mandarins. It is the fastest growing telecom sector in the
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      Lock icon Dimon’s deed for Wall Street
      815 23  -  PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT ONE of the characters in the classic 1939 film “Stagecoach” is a banker named Gatewood who lectures his captive audience
      NYT  -  815 words
    • Article
      Lock icon Singapore's growing role as S-EA crossroads
      553 23  -  By FRANCISCO J SANCHEZ Francisco J Sanchez is Under Secretary for International Trade at the US Department of Commerce TODAY, a US trade mission delegation of executives from more than 100 US companies interested in South-east Asia’s markets will get down to business at
      553 words
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  • SINGAPORE ARTS FESTIVAL
    • Article, Illustration
      Lock icon Spotlight on dance, film and women
      517 24  -  By DYLAN TAN FROM Saturday Night Fever to the recent Step Up franchise, dance and film have been bedfellows for the longest time and captivating audiences in cinemas everywhere. Their popularity is also evident in the Singapore Arts Festival Dance/Film programme, which though not
      517 words
    • Article, Illustration
      Lock icon Lost history brought alive
      835 24  -  Artist Choy Ka Fai stages exhibition on little known Lan Fang Republic in Borneo. CHEAH UI-HOON reports UI-HOONreports CHEAH UI-HOONreports ONCE upon a time, before the founding of the United States as a nation in 1787 and before there was a Malaya, there was a Chinese
      835 words
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      Lock icon Page 24 Advertisements Column 1
      1252 24 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices liniFIBGR UNITED FIBER SYSTEM LTD. United Fiber System Limited (Incorporated in the Republic of Singapore) (Company Registration No: *****8589E) 103 Defu Lane 10. #02-01 BTH Building, Singapore *****3 Tel No: (651 6487 3500 I Fax No: (65) 6284 0074 www.ufs.com.sg NOTICE OF
      1,252 words
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      Lock icon Page 24 Advertisements Column 2
      109 24 Learn about investment through the Updated on a weekly basis Understand the meaning of various financial terminologies (such as “Dividend Payout Ratio” and “Stock Beta”) and how to use them Learn the basics of investing in shares Make sense out of all the financial mumbo-jumbo by visiting blog.shareinvestor.com Scan QR
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      Lock icon Page 24 Advertisements Column 3
      16 24 Take part in s reader survey and win tickets to India Log on to www.tabla.com.sgfor details
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  • AVIATION/SHIPPING
    • Article
      Lock icon Korea's Incheon eyeing UK airports
      236 25 AFP [SEOUL] South Korea’s main airport operator is interested in buying London’s Stansted from the British Airports Authority in a bid to expand overseas business, an official said yesterday. State-owned Incheon International Airport Corp is “watching with interest” Stansted as well as Glasgow airport, the
      AFP  -  236 words
    • Article
      Lock icon Iran tankers switch off tracking systems to beat sanctions: report
      263 25 AFP [WASHINGTON] In a bid to circumvent crippling international sanctions, Iran has been routinely switching off satellite tracking systems on its sea-bound oil tankers, The Washington Post reported late on Sunday. Citing unnamed US officials, the newspaper said that the
      AFP  -  263 words
    • Article
      Lock icon Asian premium airlines under stress
      608 25 High fuel prices, global uncertainty and competition squeezing profits AFP [SINGAPORE] Premium airlines in Asia are rethinking their strategies and slashing costs as high fuel prices, global economic uncertainty and pressure from Middle East and budget carriers squeeze profits. Singapore Airlines (SIA) reported last Wednesday
      AFP  -  608 words
    • Article, Illustration
      Lock icon JAL beats forecasts with 186b yen profit
      349 25 AFP [TOKYO] Japan Airlines (JAL), which went bankrupt two years ago in one of the country’s biggest-ever corporate failures, yesterday logged an annual net profit of US$2.33 billion, thanks to cost-cutting efforts. The carrier said that its net profit for the year till
      AFP  -  349 words
    • Article
      Lock icon China market challenges plane makers
      620 25 They weigh the opportunities against concerns about IP theft NYT [NEW YORK] As he prepares to bring his company’s short takeoff P-750 aeroplane to China’s Zhuhai International Air Show this autumn, Damien Camp, chief executive of the New Zealand light aircraft maker Pacific Aerospace, finds
      NYT  -  620 words
    • Article
      Lock icon TRANSPORT STOCKS
      253 25 SGX '000 May 14 S$ +/-Vol CH Offshore 0.42 -0.02 411 Chuan Hup Hldg 0.22 -0.01 501 Cosco Corp 0.90 -0.03 4783 S$ Ezra Hldgs 1.03 -0.01 3138 First Ship Lea 0.19 unch 196 Freight Links 0.06 unch 3273 Grand Banks unch unch 0 Jaya Hold Ltd 0.54
      253 words
    • Article
      Lock icon The Business Times Shipping times
      2125 26 n 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE STXPO TBN Antwerp/UK
      2,125 words
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      Lock icon Page 25 Advertisements Column 1
      21 25 fc Lianhe Zaobao Guangdong-HK-Macau core cooperation area to take shape under recent agreement To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      292 25 CRYPTIC CROSSWORD Across 1 Dictatorial leader of French facing awkward situation (6) 5 A cold urn boiling? (8) 9 Does up semi with dens or otherwise (10) 10 Nude with well-developed body (4) 11 in classy bar, it excites hedonist (8) 12 Return of Queen with fellow Prince? (6) 13
      292 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7007 27 Transaction date: May 14 u *k>. LMl Vol li.* iH.r Ijiiur. U(u Ui) 4ftt k l Urn Ulnf. 1 (1M CnnjpHOh y* J.' nimii tii.iii l.iu. ft.iyc \J(*. Cifi W4 •mil ••S 41V (4 4 II vt Hk 14 V>S t t in* tV XI •ft IL* -ft*
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    • Article
      Lock icon SGX CATALIST
      203 28 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 (’000) High Low Buyer Seller C'vr P/E Smil 4.7
      203 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7684 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond .0 9441/ Global Emerging Markets!
      7,684 words
    • Article
      Lock icon GLOBALQUOTE
      191 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US33 -0.5 4150 33.5 32.5 32.5 33 2172.9 201 168 TanChongInt HK185cd -3 60 185 185 183 194 4.3 3.8 6.2 3725.7
      191 words
    • Article
      Lock icon SGX ETF
      911 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 99 CIMB APAC Div 100US$ US99 -4 60 99 99 99 99.9 10.4 1261 856 CIMBAsean40 100US$ US1020 997 1002 160 ***** ***** DBXT AUD
      911 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      601 29 May 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8986.22 9031.09 8947.82 Jun12 8975.00 9030.00 8930.00 8950.00 *****6 *****1 Sep12 8950.00 9030.00 8950.00 8940.00 95 8395 MSCI TAIWAN INDEX FUTURES SPOT 263.95 265.12 262.73 May12 263.10 265.20 262.00 263.80 ***** *****7 Jun12 261.90 264.30
      601 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr May 11 Index Change Change Change Change Change Change World Preliminary 874.4 0.2 5.4 0.2 1.7 0.2 5.5 EAFE Preliminary 698.1 0.1 2.3 -0.1 -1.4 -0.1 2.3 Europe Preliminary 1036.0 0.4 0.9
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      136 29 As on 11 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1589.10 1574.30 1584.10 180 CURRENCY AUD-USD FUT JUN2012 1.0035 .9990 1.0001 1512 EUR-USD FUT JUN2012 1.2958 1.2910 1.2925 3149 BASE METAL COPPER FUT JUL2012 8109 7982 8043 2324
      136 words
    • Article
      Lock icon CHICAGO BOT
      107 29 May 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1404.00 1452.25 1448.00 1402.75 Jul 12 1406.00 1455.25 1461.75 1402.50 Aug 12 1393.50 1441.75 1447.25 1390.25 Sep 12 1350.75 1387.00 1392.00 1348.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 51.90
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 29 CRUDE OIL PRODUCTS May 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.37 -0.07 WTI (Near Mth) 95.91 -1.01 Dubai (1-Mth F) 107.97 -1.16 Tapis blend 118.58 -1.48 Minas 118.38 -0.98 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.28 -0.39 Jet Kerosene 124.87 -1.50 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 May 14 S$ Bid Offer 1-month 1.2555 1.2565 2-months 1.2554 1.2565 3-months 1.2553 1.2563 6-months 1.2545 1.2556 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 29 May 11 May 11 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2004.50 2004.75 3 months 2045.00 2045.50 Copper, Grade A(US$/tonne) Cash 8103.00 8207.00 3 months 8013.00 8105.00 Lead(US$/tonne) Cash 2066.25 2088.50 3 months 2072.00 2100.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.25 *****.50 3
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    • Article
      Lock icon LIFFE
      80 29 May 11 COCOA (£/tonne) Close Prev High/Low May 12 1550 1545 1559/1527 Jul 12 1539 1542 1545/1520 Sep 12 1530 1534 1535/1514 Dec 12 1517 1519 1518/1496 COFFEE(US$/tonne) Close Prev High/Low May 12 2100 2080 2100/2054 Jul 12 2127 2100 2133/2083 Sep 12 2128 2010 2133/2086 Nov 12 2124
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1171 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 150 295 9.75 24 Conv Ratio Baker Technology Ltd W*****6 1.1 1 32 23 24.55 6 Best World Intl Ltd W*****5 0.6 1 30 57 32.50
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 29 May 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.002 6.308 0.775 7.752 53.666 92.522 0.800 11.495 3.074 1.282 90.690 42.645 1.254 8.166 0.931 29.469 31.248 0.621 0.998 Canada 0.998 6.296
      470 words
    • Article
      Lock icon SIBOR
      56 29 May 14 lUSil IS51 i mil O.IW (Cj'lftU t iniln il.t-au/ iXi/aJO i IfltlH QA'iliit min 0J7JW M1UV ttjnln HJf2SM rnirv\ V P^TVMII isvni' a(«tf (Ale, JSS) odftBf t rntf.v n j>Vrj 3 mihi n<CM8 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates (S$)
      56 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 29 May 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2529 1.2550 0.9979 0.9988 Canadian dollar 1.2507 1.2524 0.9962 0.9967 Euro 1.6167 1.6182 1.2877 1.2879 NZ dollar 0.9773 0.9793 0.7784 0.7794 Sterling pound 2.0190 2.0208 1.6081 1.6083
      154 words
    • Article
      Lock icon PRECIOUS METALS
      135 29 May 14 GOLD(US$/oz) May 11 May 14 Hong Kong 1587.00 1572.80 Mav 14 May 10 May 11 London 1593.51 1588.75 1594.28 1589.55 Source: Thomson Reuters CAST BAR May 14 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 153 64 5gm 435 319 10gm
      135 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 29 May 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 16-Aug-12 0.28 0.29 0.28 1-Year BY*****T 02-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.1 100.14 100.14 5-Year N*****0Z 2.375 01-Apr-17 108.9
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    • Article
      Lock icon PALM OIL
      57 29 May 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3240.0 3285.0 3240.0 3184.0 22 1366 Jun 12 3240.0 3283.0 3243.0 3160.0 2063 ***** Jul 12 3242.0 3275.0 3242.0 3151.0 ***** ***** Aug 12 3234.0 3265.0
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am May 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.285 1.224 Can dollar 1.281 1.22 Euro 1.652 1.574 Sterling pound 2.049 1.971 NZ dollar 1.006 0.959 US dollar 1.27 1.222 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 29 May 14 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12
      154 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Australia home loan approvals rise in March
      408 30 Economists had expected a fall; stronger case for a pause in rate cuts Bloomberg [SYDNEY] Australian home loan approvals unexpectedly rebounded in March, rising for the first time in three months, as buyers responded to the central bank’s back-to- back reductions in interest
      Bloomberg; BLOOMBERG  -  408 words
    • Article
      Lock icon Site redevelopments to boost Royal Mail value
      413 30 Reuters [LONDON] Britain’s Royal Mail said that plans to turn over half of its main London sorting office Mount Pleasant into a prime residential hub will be submitted next spring, as the group tries to boost its value ahead of a 2014 privatisation.
      Reuters  -  413 words
    • Article, Illustration
      Lock icon Frasers Hospitality wins Middle East accolade
      310 30 FRASERS Hospitality has won the Best Serviced Apartment Company in the Middle East Award at the annual Business Traveller Awards this year. The award was announced in Dubai on May 1, with readers of Business Traveller Middle East casting their votes for not only
      310 words
    • Article, Illustration
      Lock icon Godrej banks on property to deliver growth
      1018 31 Its consumer product business faces competition from global giants Bloomberg [MUMBAI] Indian billionaire Adi Godrej said real estate will deliver his company’s fastest growth over the next five years as foreign rivals such as Unilever Plc and Procter Gamble Co constrain his flagship
      Bloomberg; BLOOMBERG  -  1,018 words
    • Article, Illustration
      Lock icon Toronto faces glut of luxury hotel condominiums
      1083 31 Reuters [TORONTO] Five months after buying one of Toronto’s new luxury hotel condominiums, Oliver Baumeister is girding for a glut of suites like his to hit the market as the biggest names in the hotel business open hundreds of units in Canada’s largest
      Reuters; REUTERS  -  1,083 words
    • Article, Illustration
      Lock icon Sentiment index rises after falling 4 quarters
      826 32  -  Optimism over good demand at some mass-market private condo launches By KALPANA RASHIWALA AFTER declining for four consecutive quarters, the Redas-NUS Real Estate Sentiment Index (composite) increased in the first quarter of this year to 4.6, buoyed by recent strong demand at some
      FILE PHOTO; Source: Redas, NUS' Dept of Real Estate  -  826 words
    • Article
      Lock icon M'sian property price surge set to continue
      559 32  -  Rise driven by scarce prime sites, material and labour costs By PAULINE NG in Kuala Lumpur A SOFTENING in demand notwithstanding, Malaysian property prices are expected to continue on an uptrend this year, owing to the scarcity of prime land and higher building
      559 words
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      145 30 FOR SALE BY TENDER HDB HUB PIE THOMSON KEMAMAN VIEW FREEHOLD BALESTIER CITY FRINGE RESIDENTIAL SITE Land Size: 1,615.4 sqm (17,388 sqft approx) Master Plan 2008: GPR of 2.8; Up to 36 Storeys Good Connectivity via PIE and CTE 5 -10 minutes walk to Toa Payoh MRT Near Zhongshan Park,
      145 words
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      Lock icon Page 30 Advertisements Column 2
      79 30 REAL ESTATE FUNDAMENTALS TRAINING WORKSHOP 8thJUNE 2012 Ideal for those who wish to acquire a quick understanding of the real estate discipline. Real estate markets and their charateristics residential, office, retail and industrial, understanding their fundamentals and current trends Valuation –purposes, different methods in valuing real estate and when they
      79 words
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      Lock icon Page 30 Advertisements Column 3
      8 30 Keen Interest Brand New Grade A Office Tower
      8 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      131 31 Novena Ville Site for Condo with 1st level Shops Land over 50,000 sf; GPR 1.4 4-sty; FH 100m main road frontage; 200m to Novena MRT Dist 11 commercial, shopping medical hub 1 km of ACS (Barker) upcoming SJI Jnr Potential for 50-70 apts of 800 sf shops huiling.lim@credo.com.sg (CEA Regn
      131 words
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      Lock icon Page 31 Advertisements Column 2
      254 31 Nassim Si 45,000 to 90,000SF Land for Redevelopment s Chatsworth ALand 9,000 to 24.000SF 6 exclusive house, perfect for extended family) 1 REALiSIFARfc* THE LEADING BUNGALOW SPECIALIST l»*****63G Developer Wanted Land to redevelop Whole buildings, shophouses budget hotels. Cash rich! Call 9222 4777roo2H6h Black Diamond Real Estate Group Pte Ltd
      254 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      51 32 IG te G/u it MARKETS w© r/)o /f Od ©rs? High-volume FX traders enjoy automatic rebates every month with IG S DIFFERENT FIND OUT WHY IGMARKETS.COM.SG CFD trading can result in losses that exceed your initial deposit IG Markets (ACRA No. *****621X) is licensed by the MAS and International Enterprise
      51 words