The Business Times, 25 May 2012
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2012-05-25
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The Business Times
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Title Section25 2012-05-25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Friday, May 25, 201225 words
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Article, Illustration963 2012-05-25 1 AMIT ROY CHOUDHURY - Struggling tech giant to axe 8% of global workforce By AMIT ROY CHOUDHURY [SINGAPORE] Just eight months into her job Meg Whitman, Hewlett Packard’s (HP) CEO, announced that 8 per cent of the technology giant’s workforce would be laid off.963 words
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625 2012-05-25 1 EMILYN YAP - Reports say that new rules may stop DBS from taking majority stake in Danamon By EMILYN YAP [SINGAPORE] New reports about Bank Indonesia’s (BI) plans to cap bank ownership have cast more doubts on whether DBS Group’s bid for Bank Danamon will go625 words
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MARKETS DIGEST
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Article109 2012-05-25 1 HST INDEX 2,779.53 (-0.89) EST INDEX FUTURES 2,780 (unch) GSIMSCI 317.03 (+0.33) GSIMSCI FUTURES 317.10 (+0.90) us$ s$ US$ (S$ per US$) 1.279 (US$/S$ per 1.564 2.000 EURO (US$/S$/E) 1.252 1.601 Foreign currency per US$ S$ YEN 79.40 62.10 RM 3.157 2.468 HK$ 7.764 6.072 BAHT 31.65 24.75 RUPIAH109 words
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Article17 2012-05-25 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.598 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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Page 1 Advertisements
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Advertisement133 2012-05-25 1 OLYMPICS 2012 Protecting the Games’ sponsors PAGE 33 GENEVE Creator of dreams Star Self-winding 18K White Gold With Invisibly-set Baguette Diamonds A Two-carat Rotating Princess-cut Diamond Revolving On A Pave Dial AVAILABLE AT EXCLUSIVE SARCAR RETAILERS: SINGAPORE: SARCAR PAVILLON The Shoppes at Marina Bay Sands #B2-202 203 T: (+65) 6688133 words
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Advertisement46 2012-05-25 1 CORPORATE RESULTS Maybank Q1 profit up 18% to RM1.35b PAGE 21 ART ACT TO FOLLOW Hong Kong is burnishing its credentials as the premier city of the arts, raking in, with China, more than 40 per cent of the world’s auction moolah EXECUTIVE LIFESTYLE, PAGE 4446 words
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Advertisement29 2012-05-25 1 WINE Time in a bottle PAGE 39 Shoebox units drive sales of properties worth less than S$1m in Q1 2012: For the full report, go to BTInvest at www.btinvest.com.sg.29 words
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Advertisement11 2012-05-25 1 BCA AWARDS Green goals gaining ground PAGE 14-19 8 *****1 *****411 words
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TOP STORIES
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Article, Illustration855 2012-05-25 2 LYNETTE KHOO - Key proposal is tougher criteria for auditors of public interest entities By LYNETTE KHOO [SINGAPORE] Proposed changes to the Accountants Act will soon raise the bar for auditors of charities and listed companies and grant powers to the industry regulator toCompiled by BT - 855 words
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Article311 2012-05-25 2 Ownership caps may kill DBS bid NEW reports about Bank Indonesia’s plans to cap bank ownership have cast more doubts on whether DBS Group’s bid for Bank Danamon will go through. BI is likely to cap the maximum stake a single shareholder can own in Indonesia’s banks at311 words
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490 2012-05-25 2 NISHA RAMCHANDANI - By NISHA RAMCHANDANI [SINGAPORE] Formula One (F1), which is looking to launch an initial public offering worth up to US$3 billion on the Singapore Exchange next month, is expected to offer stapled securities by bundling the shares with a490 words
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577 2012-05-25 2 VIRGINIE MANGIN - But analysts remain upbeat, expect more easing measures By VIRGINIE MANGIN in Beijing CHINA’S HSBC purchasing managers index contracted for the seventh consecutive month, adding to growing fears the slowdown in the world’s second biggest economy could actually be worse than expected.577 words
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Article, Illustration383 2012-05-25 2 He denies Chinese Estates bribed public works official Bloomberg [HONG KONG] Joseph Lau, the billionaire chairman of Chinese Estates Holdings will stand trial for bribery and money laundering in Macau in connection with a land purchase in the world’s biggest gambling hub.Bloomberg - 383 words
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462 2012-05-25 2 RONNIE LIM - By RONNIE LIM [SINGAPORE] “Newbie” Hyflux’s power issues continue. The desalination group has apparently turned to the Public Utilities Board to get its okay for an almost one-fifth increase in upfront costs for Singapore’s second and largest desalination facility that it462 words
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594 2012-05-25 4 LEE U-WEN - He advises voters to consider candidate’s integrity, ability and commitment By LEE U-WEN [SINGAPORE] It is the quality not just the quantity that counts when it comes to having alternative voices in parliament, said Prime Minister Lee Hsien Loong yesterday. He made this594 words
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587 2012-05-25 4 CHUANG PECK MING - Some voters in the constituency tell PAP candidate they want a change HOUGANG BY-ELECTION By CHUANG PECK MING [SINGAPORE] Some Hougang constituents have told Desmond Choo in the past few days of campaigning that they want change in their ward and the People’s587 words
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598 2012-05-25 4 LEE U-WEN - Party should explain why it is not fielding anyone from losing Aljunied team By LEE U-WEN [SINGAPORE] Workers’ Party (WP) chief Low Thia Khiang has questioned whether the People’s Action Party’s (PAP) Desmond Choo was the strongest candidate that the ruling598 words
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Advertisement53 2012-05-25 2 ONG RADIO Live the Ultimate. 1 Ease of Control of your Home Entertainment Systems Multiple remote controllers and even your light switches can be integrated onto your touch-screens or iPad 176 Orchard Road, The Centerpoint #03-41 Tel *****138 I www.ongradio.com Elite Audio Systems Private Home Theatre Lifestyle and Multi-zone Systems53 words
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Advertisement200 2012-05-25 3 The new BMW ActiveHybrid 5 pml-bmw.com.sg Sheer Driving Pleasure i •d. Hy BMW ActiveHybrid 5 i: AT WHAT POINT DOES A BADGE BECOME A BELIEF? While the conversations go on about carbon footprints and a sustainable future you move ahead. Staying true to your belief. By choosing the new BMW200 words
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COMPANY NEWS
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Article, Illustration615 2012-05-25 5 KENNETH LIM - Company proposes 3 cent dividend to broaden shareholder pool By KENNETH LIM GLOBAL Logistic Properties (GLP) reported stronger fourth-quarter earnings yesterday and said it remained upbeat about China’s domestic consumption growth. GLP, a developer and manager of logistics facilities for businesses like615 words
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290 2012-05-25 5 CARINE LEE - By CARINE LEE GLOBAL Yellow Pages Ltd yesterday reported a 63.2 per cent fall in earnings to $4.24 million for the year ended March 31, 2012, and slashed its total dividend payout for the year to 0.2 cents per share. For the preceding financial290 words
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Article, Illustration430 2012-05-25 5 JOYCE HOOI - By JOYCE HOOI THE Hour Glass registered a record full-year net profit attributable to equity-hold-ers of $54.7 million a 29 per cent jump year-on-year driven by the double bonanza of record sales and widening gross margins. Correspondingly, earnings per share for theFILE PHOTO - 430 words
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Article, Illustration858 2012-05-25 7 Bloomberg [SINGAPORE] Singapore should curb the increasing trend of so-called shoebox apartments because they are “almost inhuman”, said CapitaLand Ltd chief executive officer Liew Mun Leong. The government last week said it’s concerned that shoebox apartments are mushrooming in the country as private home salesBloomberg; BLOOMBERG - 858 words
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574 2012-05-25 7 KENNETH LIM - Drawback for market despite recent spike in new issues By KENNETH LIM THE Singapore dollar-de-nominated bond market remains hampered by a lack of investor depth despite a recent surge in issuance, market observers said. “Fitch Ratings expects issuance of SGD-denominat-ed bonds574 words
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490 2012-05-25 8 MALMINDERJIT SINGH - Canadian stock regulator starts case against six former company executives By MALMINDERJIT SINGH EMBATTLED Chinese company Sino-Forest Corporation has got itself into more controversy. It said yesterday that the Ontario Securities Commission (OSC) in Canada has commenced proceedings against the company and six of490 words
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269 2012-05-25 8 CARINE LEE - By CARINE LEE SKY China Petroleum Services, together with its partners, is acquiring Hisaka Holdings Ltd in a reverse takeover deal, valued at $192.5 million. The two Singaporelisted companies announced yesterday that Sky China will sell its stake in Wenling Xinghai Ocean Shipping269 words
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343 2012-05-25 8 Reuters [LONDON] A fast track into China could be the deciding factor in the race to win backing from shareholders in the London Metal Exchange (LME), making Hong Kong Exchanges and Clearing’s (HKEx) bid enticing. The London exchange has long sought toReuters - 343 words
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Article, Illustration252 2012-05-25 8 ARTHUR LEE - By ARTHUR LEE IN a show of confidence in the US economy, Kwek Leng Beng is investing US$30 million in the first phase of a major upgrade for the Millennium UN Plaza Hotel New York. Mr Kwek, chairman of Millennium Copthorne Hotels252 words
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COMPANY BRIEFS
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47 2012-05-25 8 STAMFORD Land Corporation’s net profit for the financial year ended March 31, 2012, fell 11.2 per cent to $53.39 million. This translates to earnings per share of 6.18 cents, down from 6.96 cents. Turnover increased 93.9 per cent to $486 million.47 words
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Article34 2012-05-25 8 HIAP Seng Engineering reported a net loss of $2.23 million for the fourth quarter ended March 31, 2012, despite a 21.3 per cent increase in turnover to $39.34 million.34 words
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Article43 2012-05-25 8 PSL Holdings has secured two foundation engineering contracts worth almost $24 million. Work on these two projects one at the new Yale-NUS College and one for the expansion of an oil plant on Jurong Island have just started.43 words
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Article52 2012-05-25 8 MEMSTAR Technology has secured a 60 million yuan (S$12 million) contract to supply membrane products for two wastewater treatment plants with total capacity of 260,000 cubic metres per day using Membrane Bioreactor (MBR) technology. The membrane products for the projects are to be supplied by52 words
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Article81 2012-05-25 8 FRAGRANCE Group’s wholly owned subsidiary, Fragrance Realty Pte Ltd, has acquired Novena Ville for $131.52 million via a tender bid. The freehold property occupies a land area of 4,746.60 sq m and can potentially yield a gross floor area of 75,453 sq ft, including balcony. It81 words
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Article52 2012-05-25 8 ASIASONS WFG Financial’s wholly owned subsidiary Asiasons WFG Securities Pte Ltd has commenced members’ voluntary winding up. The event is not expected to have any material impact on the net tangible asset or earnings per share of the group for the year ending Dec52 words
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Article63 2012-05-25 8 Bloomberg LAS Vegas Sands Corp’s Singapore unit, Marina Bay Sands Pte, attracted Bank of China Ltd to its S$4.6 billion loan to refinance debt, according to a person familiar with the matter. Bank of China committed funds at the sub-underwriting level, joining Sumitomo MitsuiBloomberg - 63 words
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277 2012-05-25 8 GLENN CHOO - By GLENN CHOO SINGAPORE’S talent pool of professional future traders is set to grow with a new professional traders development centre set up by Singapore Exchange (SGX) and UOB Bullion and Futures Limited (UOBBF). Located at UOBBF-Schneider Trading offices at UOB Plaza,277 words
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SINGAPORE MARKETS
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Article, Illustration583 2012-05-25 6 R SIVANITHY - Early 10-point gain gives way to 0.89 of a point loss as market mirrors HK performance STOCKS R SIVANITHY Senior Correspondent POLITICAL bickering in Europe between France, Germany and Greece, a possible exit by Greece from the eurozone, and the contagion collapse thisSource: Bloomberg - 583 words
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Article66 2012-05-25 6 May 24 VALUE CLOSE BT OB/OS -944.00 +123.0 BT CADI -*****.00 +16.0 BT 10-day MA -*****.00 -94.00 FTSE ST Mid Cap 642.39 +0.92 FTSE ST Small Cap 419.76 +1.30 FTSE ST All Share 671.96 +0.10 FTSE ST China Top 192.53 +1.43 FTSE ST China 221.67 +1.17 FTSE66 words
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Article58 2012-05-25 6 VOLUME GSH Corp 116,432,000 TT Intl 105,884,000 AddvalTech 54,141,000 Swee Hong 53,343,000 Noble Grp 52,952,000 NexGenSCom 52,604,000 Golden Agri 46,624,000 Sin Heng 45,189,000 Olam 39,473,000 Genting SP 35,151,000 VALUE($) Olam 67,094,580 Noble Grp 56,271,670 SingTel 54,484,180 Genting SP 52,959,775 DBS Grp 46,157,910 SembMar 36,739,920 Keppel Corp 35,913,54058 words
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Article186 2012-05-25 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 3 0 0 0 4 6 3 Manufacturing 52 39 32 6 8 7 58 47 39 Commerce 23 18 9 2 5 2 25 23 11 Tpt/Stor/Comms 12 13 14186 words
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Article, Illustration843 2012-05-25 6 JAMIE LEE - Compiled by JAMIE LEE Regional Exchanges DMG Partners Securities, May 24 WEAK securities market average daily turnover (ADT) is a bane for Asian exchanges, but Hong Kong Exchanges and Clearing (HKEx) is most attractive among the lot. The re-surfacing of concerns in eurozone has led to recent weakness843 words
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Article119 2012-05-25 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,518 16,518 54,945 54,945 Manufacturing 163,473 33,977 197,450 149,498 2,743 152,240 Commerce 388,755 5,624 394,379 199,752 535 200,288 Tpt/Stor/Comms 74,414 14,093 88,507 131,878 3,882 135,760 Finance 11,588 11,588 111,795 111,795 Construction 98,442 6,952 105,394 18,144119 words
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Article112 2012-05-25 6 Stock name Close Change CapMallsAsia 1.385 +0.020 CapitaLand 2.460 +0.030 CapitaMall 1.770 -0.030 CityDev 9.930 -0.070 ComfortDelGro 1.460 -0.010 DBS Grp 13.220 +0.090 F&N 6.400 -0.070 GLP 1.975 -0.010 Genting SP 1.500 -0.005 Golden Agri 0.645 -0.015 HK Land 5.790 +0.070 JMH 50.040 -0.020 JSH 31.120112 words
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Article, Illustration490 2012-05-25 6 Euro drops to nearly 2-yr low; yen up CURRENCIES Reuters [NEW YORK] The euro hit nearly two-year lows against the US dollar yesterday, declining for a third straight session as dour German economic data reminded investors that no country in the region was immune from the debt crisis. The GermanReuters; AP - 490 words
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Article113 2012-05-25 6 BY CENTS CLOSE UP IS S&P500 ***** 66.5 0.4 DBXT MSEurope 10US$ 3886 38.4 0.8 OCBC Bk 5.1%NCPS 100 ***** 19.0 0.2 B Sembawang 457 17.0 3.9 OCBC Bk 853 13.0 1.5 IS MS India 100US$ 506 12.8 2.0 DBXT FTVietnam 10US$ 2439 11.5 0.4 DBS Grp 1322 9.0113 words
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Article127 2012-05-25 6 BY CENTS CLOSE DOWN DBXT MSUSA 10US$ 3189 -240.4 -5.6 DBXT S&P500 10US$ 2114 -161.1 -5.6 DBXT Nifty 10US$ 8759 -67.8 -0.6 DBS Bk 4.7% NCPS 100 ***** -60.0 -0.6 JSH 3112 -56.3 -1.4 DBXT SPASX200 10US$ 2985 -47.3 -1.2 DBXT MSTHAI 10US$ 1675 -40.9 -1.9 OCBC Bk 4.5%NCPS127 words
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Advertisement120 2012-05-25 7 not just lower green fees but on the right greens i U II itt ft u mm taiipttiia cwrg Un. 1,1 -t 4H uiUUdi-U A v w I V I uT r j-i ■wr i ET/.v mm&mm ■<.: V. V'.,» .0 WTa\ .rV.' J7. ilzs-r ’:'h vf .tw v i120 words
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Advertisement74 2012-05-25 8 1r Swiss quality worldwide HI! r f You have complex shipment tasks. We have the best tactics for you Our staff has tailor-made, flexible solutions for your international letter, newspaper and parcel shipments because your success is our success. Please contact us by calling +65 6748 4484 or going to74 words
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Advertisement120 2012-05-25 8 4 ISUN LAN D RESIDENCE Jalan Kuala Kangsar Ipoh rill v'; a Double Storey Terrace House 22 x 75 From m m a a $130,000 1 Large Built Up from 1,980 sq ft Large Master Bedroom from 360 sq ft Four Bedrooms and Four Bathrooms Columnless Driveway allows 2 cars120 words
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SINGAPORE NEWS
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477 2012-05-25 9 KELLY TAY - With effect from July 1, they will see their gross wages rise by up to 15.8% By KELLY TAY NTUC FairPrice is working to live up to its name. In a bid to increase wages to what it deems a fair price, the supermarket477 words
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567 2012-05-25 9 GRACE LEONG - By GRACE LEONG THE Casino Regulatory Authority is reviewing the salary schemes of around 120 of its executive management and staff workers in an effort to attract talent to help strengthen its regulatory oversight of Singapore’s gaming industry. Details of the revised567 words
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Article, Illustration573 2012-05-25 9 NISHA RAMCHANDANI - By NISHA RAMCHANDANI BEING a family-friendly business is good for business, it seems. According to a survey by the Businesses for Families Council (BFC), nearly a third of businesses polled saw revenue jump by over 20 per cent, thanks to fami-ly-friendly initiatives. But it isn’t573 words
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Article, Illustration373 2012-05-25 10 EVE YEO - The chip’s transfer speed is about 1,000 times faster than Bluetooth By EVE YEO IMAGINE transferring 80 MP3 music files (about 250MB) between mobile devices in a single second. Or transferring a two-hour, 8GB DVD movie in 30 seconds flat. Such transfer speeds373 words
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547 2012-05-25 10 MINDY TAN - By MINDY TAN THERE is a heightened consciousness among builders to deliver their product in an environmentally conscious and considerate manner, evidenced in the bumper crop of 24 Green and Gracious Builder Awards handed out this year. The Building and Construction547 words
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387 2012-05-25 10 EVE YEO - By EVE YEO SALES from this year’s Great Singapore Sale (GSS) are targeted to top last year’s sales by 8-10 per cent, said the Singapore Retailers Association (SRA). Retail sales in June and July last year hit $6.1 billion, with 2.3 million visitor387 words
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Article, Illustration944 2012-05-25 12 AMANDA EBER - East Asia Power is in a unique position to meet the needs of firms in the oil and gas industry, reports AMANDA EBER reportsAMANDA AMANDA EBER STEVEN Loh, managing director of East Asia Power Pte Ltd (EAP), used to panic whenever he had female visitorsARTHUR LEE - 944 words
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Article, Illustration1101 2012-05-25 12 RACHEL AU-YONG - The merchandising display firm is set for further growth, reports RACHEL AU-YONG reportsRACHEL RACHEL AU-YONG CHANCES are that you are an indirect recipient of Euroswift Retail Creation’s services if you shop at NTUC Fairprice. The four-year-old company which tags itself as the “retailers’ creative workshop” specialisesYEN MENG JIIN - 1,101 words
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499 2012-05-25 12 MALMINDERJIT SINGH - By MALMINDERJIT SINGH SINGAPORE is signalling a strong interest in participating in China’s services sector as bilateral trade in services has grown nearly five-fold in the last decade. Singapore Minister for Trade and Industry Lim Hng Kiang will be leading a delegation499 words
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Advertisement550 2012-05-25 9 ffi I am looking for the fastest way to go places < ar offering you up to 2.5 miles per S$1 spend 1111 1233- 3333 4119 U ssoi/|£K 0S/1T \iiCA A LEI'S T&? VISA Our latest addition DBS Altitude Visa Signature Card, accepted globally The card that's miles above the550 words
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Advertisement219 2012-05-25 10 > Si GREAT W#RLD Beijing Shanghai Singapore I s?r- i t y v ■P Firsjt Serviced Apartments to win the BCA Green Mark Platinum Award 2012 At Great World Serviced Apartments, our commitment to environmental responsibility is inspired by the belief that applying best green business practices will have a219 words
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Advertisement49 2012-05-25 11 T h e P r o f ess i o n a l S o u n d a n d A V S p ec i a l i s t s i n ce 1 95 1 SOME OF OUR PRESTIGIOUS PROJECTS Esplanade, Theatres On The Bay49 words
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Page 12 Advertisements
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Advertisement579 2012-05-25 12 NutritionPark.com Longest Warranty! Lowest Prices! PLATINUM SERIES (5LBS) CONTROLLED LASS GREEN MAGNITUDE $58 25g of protein, 6g of BCAA, 2g of carbs per serving. 80 servings per tub. Patented formula to improve strength, stamina, performance and muscle mass. S'! rUKPLE kjmmup $220 $89.90 Fast acting EAA BCAA formula to keep579 words
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Advertisement334 2012-05-25 13 THE PARAGON SALE 25 May 24 June 2012 SALE THAT DOESN’T DISCOUNT ITS EXPERIENCE Home to six levels of designer boutiques and international brands, indulge in the sale without losing the luxury shopping experience at Paragon. Citibank Paragon WORLD MasterCard Exclusive Receive $40 Paragon shopping vouchers with a minimum of334 words
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BCA AWARDS
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Article, Illustration1191 2012-05-25 14 JASMINE NG - More awards 318, up from 261 last year presented as BCA steps up efforts to meet target of greening 80% of buildings by 2030 By JASMINE NG SINGAPORE has never been shy about embracing gleaming skyscrapers and glitzy glass-cased buildings, but these days, it is also1,191 words
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Article, Illustration1205 2012-05-25 14 TAI LEE SIANG - By TAI LEE SIANG Tai Lee Siang is president of the Singapore Green Building Council SINGAPORE takes pride in being number one in many areas such as airline service, seaport facilities and airport. So why don’t we aim to be the greenest city in1,205 words
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Article, Illustration1202 2012-05-25 16 EDWIN LOH - Environmentally sustainable buildings have now become the industry norm, where the concept used to be reserved for iconic structures By EDWIN LOH FREQUENT breezes sweep through the grounds as National University of Singapore (NUS) undergraduates study under the shade of trees at the Education ResourceGARDENS BY THE BAY - 1,202 words
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975 2012-05-25 16 JASMINE NG - By JASMINE NG BUSINESSES today are going green because it is essential in terms of business success, according to the Building and Construction Authority (BCA). Not only does greening one’s business make financial sense in terms of energy savings, it contributes to efficiency, productivity, innovation,975 words
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Article, Illustration934 2012-05-25 18 MINDY TAN - Thirteen firms won awards under the Best Practices and Innovations category By MINDY TAN LONG viewed as a conservative trade whose methods have seen little change, Singapore’s construction sector is upping the ante, with a technological boost. Civil engineering company Swee Hong Engineering Construction, for instance,BCA/SWEE HONG - 934 words
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Article, Illustration1547 2012-05-25 18 BEN HOPKINS - By BEN HOPKINS Ben Hopkins is country manager (project management) at Savills (Singapore) Pte Ltd SINGAPORE is a good example of why new building developments should undertake environmentally sustainable practices when planning for the future. As a small island nation-state, Singapore1,547 words
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Advertisement170 2012-05-25 15 FREEHOLD A r at n sd m c. '7 o'\ I ■T^5 RELISH IN SPACE AND LUXURY FOREIGNERS ELIGIBLE FOR ENQUIRIES 6345 5786 SHOWSUITES AT 97 MEYER ROAD Ms Janice Zhu (CEA No. R*****2I) +65 8332 8181 CBRE Agency Licence No.: L*****63I Ms Tracy Tea (CEA No. R*****7Z) +65 8328170 words
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Advertisement150 2012-05-25 16 KTP .pi .r jm. •w I !■&> 7 li'T.'mS* i **Vt **S S';::* i«i> iS 6 ::,rV >Ju Hotel Residential M T m r k< Jl is lr i... •i 1 si i'ig,.ifa '<.-H iS»;Otd#<? -H~rr: ■ititi r |f ff I ‘"Mi < mm u •v« sr--jM. S|| jftfj I150 words
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Advertisement414 2012-05-25 17 WINNER OF BCA GREEN MARK GOLD AWARD PUB ABC WATERS CERTIFIED ABC Active, Beautiful, Clean Waters for All BCA GREEN MARK l > i w r n m SL I5i!5 S\ 5-i|;a miK: JtV***! k.. 111! r 9fwT' 1 > 46^ n jtm ■fl I? ZT*£iti>- ok 7 IV i-1414 words
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Advertisement322 2012-05-25 19 •i, > 4 Mr X J 4 MMrf i'MlJ I 4lMI v «l .4 X mill j A K B iTOfilJ ss HMMIIC! I v iili j m i 1 1 j j n 0! J X v S m s !^li a L v ill l£ x I v>322 words
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ECONOMY WATCH
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Article, Illustration418 2012-05-25 20 Reuters [WELLINGTON] New Zealand unveiled its toughest budget in 20 years yesterday, with no spending increase and moves to increase the tax take in the struggling economy, as it laid out a return to a budget surplus by 2015. The government said thatReuters - 418 words
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275 2012-05-25 20 World Bank managing director Sri Mulyani Indrawati speaks from Indonesian experience AFP [TOKYO] Lessons learnt during the Asian financial crisis show that Europe must embrace both growth and austerity if it is to recover from it current economic woes, the World BankAFP - 275 words
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583 2012-05-25 20 Economy stable but Greece’s prospects threaten euro area as a whole Bloomberg [FRANKFURT] German business confidence fell more than economists forecast in May as speculation that Greece might leave the euro area clouded the economic outlook. The Munich-based Ifo institute said yesterdayBloomberg - 583 words
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Advertisement1335 2012-05-25 20 >*< Botanical r Gardens Luxuryjuropean Home fotW® t09Kl Exclusive?]Land.8,000 sq.ft: Built 6,000]sq,ft Exquisite?!? bedrooms+ l Patio.+jPte Pool JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy. Sell, or Rent WATS NOTICES Toll1,335 words
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Advertisement154 2012-05-25 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF EMANAGE PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (Co. Reg. No. *****7884N) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act Cap. 50 that a Final Meeting of the154 words
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Advertisement212 2012-05-25 20 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF WRITE-ANGLES (S) PTE LTD (In Member’s Voluntary Liquidation) (Co. Reg. No. *****1242E) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308(2) of the Companies Act, Cap. 50, that the FINAL MEETING of the212 words
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Advertisement212 2012-05-25 20 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF DREY SINGAPORE PTE. LTD. (In Member’s Voluntary Liquidation) (Co. Reg. No. *****4214K) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308(2) of the Companies Act, Cap. 50, that the FINAL MEETING of the212 words
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MALAYSIA
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457 2012-05-25 21 PAULINE NG - Earnings further boosted by contributions from Kim Eng Holdings By PAULINE NG in Kuala Lumpur MALAYAN Banking Bhd (Maybank) has registered a profit after tax of RM1.35 billion for the first quarter to end-March, an 18 per cent improvement on the back457 words
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Article, Illustration420 2012-05-25 21 Move to boost liquidity by widening product range Bloomberg [KUALA LUMPUR] Bursa Malaysia Bhd, the nation’s exchange operator, plans to allow individual investors to start trading bonds on the bourse in the third quarter to boost liquidity in the market asBloomberg - 420 words
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459 2012-05-25 21 S JAYASANKARAN - Pure gaming play to be created, with 80% payout policy By S JAYASANKARAN in Kuala Lumpur SHARES in Multi-Purpose Holdings (MPHB) leaped over 6 per cent to RM3.11 apiece yesterday on news that the gaming, finance and property conglomerate459 words
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Advertisement83 2012-05-25 21 I i V f Viewing Date: 25th 26th May 2012 Time: 10am 7pm :<r, 1. 1/ if \t-y- kl i mt WP B-3G w Auction 27th May (Sun) 10am Chinese Paintings and Calligraphy 02pm Ceramics and Jewellery Venue Ballroom 1, Chui Huay Urn Club, 190 Keng Lee Road, Singapore FU83 words
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Advertisement21 2012-05-25 21 CANALI SALE NOW ON exclusively at PARAGON SHOPPING CENTRE (65) 6235 6588 LUXURY FASHION AT RESORTS WORLD™ SENTOSA (65) 6723 801521 words
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Advertisement2857 2012-05-25 22 Deutsche Bank AG (Incorporated in Germany) Consolidated Financial Statements for 2011 Consolidated Balance Sheet in m. Notes 31.12.2011 31.12.2010 Assets: Cash and due from banks 15,928 17,157 Interest-earning deposits with banks 162,000 92,377 Central bank funds sold and securities purchased under resale agreements 20, 21 25,773 20,365 Securities borrowed 20,2,857 words
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Advertisement867 2012-05-25 22 WATS3 NOTICES IntheMatteroftheCompaniesAct,Cap.50 AND CELESTIAL FESTIVAL OF FILMS PTE. LTD. Company Registration No. *****3298G (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 6 Marina Boulevard#32-22Singapore*****5onthe18th dayofMay2012,thefollowingSpecialResolution was duly passed. RESOLVED THAT the Company be wound up voluntarily pursuant to Section 290(1)(b)867 words
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GREATER CHINA/INDIA
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Article, Illustration651 2012-05-25 23 Weak liquidity, spike in borrowing costs, falling home prices taking toll: agencies Reuters [HONG KONG] The funding crisis for mainland Chinese property developers is intensifying, ratings agencies say, with real estate builders facing spiking borrowing costs and a limited ability toReuters; AFP - 651 words
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470 2012-05-25 23 Bloomberg [BEIJING] China’s economic growth will probably deteriorate this quarter and the odds are increasing that interest rates will be cut for the first time in more than three years, an Asian Development Bank senior economist said. Expansion may “approach” 7.5 perBloomberg - 470 words
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Article, Illustration608 2012-05-25 23 Bloomberg [MUMBAI] India’s purchases of rupees to support the currency are stripping the financial system of cash, forcing lenders to borrow from the central bank at the fastest pace on record and adding pressure for monetary stimulus. Financial institutions borrowed 1.3Bloomberg; AFP - 608 words
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492 2012-05-25 23 Reuters [SHANGHAI] Yuan traders are reconsidering a wide-ly-held assumption that the currency would appreciate 2-3 per cent this year as an unexpected worsening of global economic conditions and a slowdown in China drives investors towards safer havens. A debt crisis in theReuters - 492 words
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Advertisement46 2012-05-25 23 iruMi SALE NOW ON EXCLUSIVELY AT TUMI BOUTIQUES MANDARIN GALLERY (65) 6732 9880 RAFFLES CITY SHOPPING CENTRE (65) 6723 8069 THE SHOPPES AT MARINA BAY SANDS (65) 6222 1611 LUXURY FASHION AT RESORTS WORLD™ SENTOSA (65) 6723 8003 LUXURY FASHION, CHANGI AIRPORT T1 (65) 6723 806746 words
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Advertisement421 2012-05-25 24 City Developments Limited Conserving the Environment Caring for the Community We believe that your property should be measured in 'ideas per square foot'. >\ul(/// y. i r if That's why CDL is the most awarded private developer at Building and Construction Authority Awards 2012. Innovation is what drives us to421 words
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WORLD
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Article, Illustration426 2012-05-25 25 Global slowdown and US tax credit cut may limit spending this year LATEST US DATA Bloomberg [WASHINGTON] Orders for computers, machinery and other capital equipment dropped last month for a second month, pointing to a slowdown in US business investment. Bookings forBloomberg; AFP - 426 words
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385 2012-05-25 25 AFP [PARIS] International ratings agency Moody’s affirmed its top “AAA” rating on France yesterday but said that it would watch closely the policies of new President Francois Hollande who favours growth above austerity. Moody’s said that it maintained France’s top rating but kept theAFP - 385 words
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419 2012-05-25 25 No measures offered to help Greece out of messy euro exit AP AFP [BRUSSELS] European Union leaders concluded their latest summit early yesterday with few concrete steps to fix the continent’s festering financial crisis even as the potential for a messy Greek exitAP; AFP - 419 words
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Article, Illustration256 2012-05-25 26 Bloomberg [BRUSSELS] Lindt Spruengli AG, the world’s largest maker of premium chocolate, cannot seek a trademark for chocolate rabbits with a red ribbon, according to a ruling from the EU’s top court. The European Court of Justice (ECJ) backed an earlier refusal fromBloomberg; REUTERS - 256 words
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682 2012-05-25 26 Both sides do battle in employing latest and most advanced technology AFP [HONG KONG] As billions of dollars pour into Asia’s gleaming casinos, they are becoming the front line of a sometimes hugely lucrative battle between cheats and the house, say experts.AFP - 682 words
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Article, Illustration962 2012-05-25 28 Hollande’s proposed 75% tax may push wealthy French citizens to relocate Bloomberg [GENEVA] Switzerland is preparing for an influx of wealthy French emigres after Socialist Francois Hollande ousted Nicolas Sarkozy in presidential elections. Mr Hollande proposed a 75 per cent tax in FebruaryBloomberg; REUTERS - 962 words
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Article, Illustration568 2012-05-25 29 Stock about 16 per cent below IPO price despite paring losses on Wednesday Bloomberg [NEW YORK] Ryan Cefalu, who lives with his wife and two kids in Baton Rouge, Louisiana, saw in Facebook’s much-anticipated initial public offering a chance to bufferBloomberg; AP - 568 words
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541 2012-05-25 29 Reuters [NEW YORK] Electronic trader Knight Capital Group said it suffered a pre-tax loss of US$30 million to US$35 million on the botched Nasdaq trading debut of social media giant Facebook and is demanding that the exchange compensate that amount. The loss, which KnightReuters - 541 words
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Article, Illustration821 2012-05-25 30 Shutdown of nuclear plants nationwide doubles gas’s share of power generation Bloomberg [TOKYO] Japanese companies are buying natural gas assets and fields around the world, setting the nation on course to be the first of the 10 largest energy users to betBloomberg; BLOOMBERG - 821 words
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Advertisement311 2012-05-25 25 HONORING THE BEST IN LOCAL ENTERPRISES I 1 >SM1 SOO 30/3 RECOGNIZING BUSINESS EXCELLENCE ft. M F I li Mr Suresh Supemmaniam Apostrophe Digital Mr Darren Liew Chan Huat Lighting(S) Pte Ltd Mr James Ong Artisan Punishing Pte Ltd Mr Sanki Ng Ms Angelme urn Angelface »riTFiTTair*iir=m«ri Bok Sing Hardware311 words
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Advertisement2272 2012-05-25 26 notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Financial Statements As At 31 December 2011 BALANCE SHEET ASSETS In thousands of euros, at 31 December 2011 2010 Interbank transactions and similar items 12,384,104 14,000,637 Cash, Central Banks, Post Office Cheque Centres 20,871 20,416 Public bills and similar items 125,939 295,650 Receivables2,272 words
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Advertisement315 2012-05-25 27 BEERFEST ASIA 2012 with OCBC TITANIUM 0 3 -0-7-10 June Marina Promenade, Singapore www.beerfestasia.com Beerfest Asia. Music, 350 beers and comedy at great prices The most fun you can have in Singapore every year. THE COW EDY CLUB ASIA International Tribute Bands Every comedy slot features a showcase by all315 words
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Advertisement1468 2012-05-25 28 B6AG9 NOTICES Toll free 1800-289-8822 Email notices@sph.com,sg www.cats.com.sg/notices BALANCE SHEET AS AT 31 DEC 2011 INCOME STATEMENT AS AT 31 DEC 2011 Assets 31.12.2011 31.12.2010 in Euro m in Euro m Cash reserve 6,075 8,053 Claims on banks 87,790 110,616 of which pledged as collateral 77 94 Claims on customers1,468 words
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Advertisement2176 2012-05-25 29 a» WATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices Head Office No. 46, Guancian Rd., Jhongjheng District, Taipei City *****, Taiwan (Republic of China) Singapore Branch 80, Raffles Place, #34-01, UOB Plaza 1, Singapore *****4. Tel: +65 *****555 B O A R D O F D I R E C2,176 words
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Advertisement1736 2012-05-25 30 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices VTB Capital plc 31 DECEMBER 2011 Head Office: 14 Cornhill, London, EC3V 3ND, UNITED KINGDOM Singapore Branch: 9 Battery Road #27-01, Straits Trading Building, Singapore *****0 Consolidated statement of financial position at 31 December 2011 2010 Restated Note US$ 000 US$ 000 ASSETS Cash1,736 words
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Advertisement211 2012-05-25 30 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STC MARINE OFFSHORE PTE. LTD. Co. Registration No: *****2254R (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of211 words
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Advertisement211 2012-05-25 30 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SUN HONOR SHIPPING PTE. LTD. Co. Registration No: *****3298Z (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of211 words
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Advertisement210 2012-05-25 30 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SUN ANGEL SHIPPING PTE. LIMITED Co. Registration No:*****5983G (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the210 words
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Advertisement456 2012-05-25 30 AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices In the Matter of the Companies Act, Cap. 50 AND THE FILM FESTIVAL CHANNEL PTE. LTD. Company Registration No. *****3276Z (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 6 Marina Boulevard #32-22 Singapore456 words
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Advertisement266 2012-05-25 30 In the Matterof the Companies Act, Cap. 50 AND CELESTIAL FILM FESTIVAL CHANNEL PTE. LTD. Company Registration No. *****3296E (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 6 Marina Boulevard #32-22 Singapore *****5 on the 18th day of May 2012, the266 words
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Advertisement262 2012-05-25 30 In the Matterof the Companies Act, Cap. 50 AND FESTIVAL OF FILMS PTE. LTD. Company Registration No. *****3277K (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 6 Marina Boulevard #32-22 Singapore *****5 on the 18th day of May 2012, the following262 words
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Advertisement263 2012-05-25 30 In the Matterof the Companies Act, Cap. 50 AND CELESTIAL FILMS AND FESTIVALS PTE. LTD. Company Registration No. *****3295N (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 6 Marina Boulevard #32-22 Singapore *****5 on the 18th day of May 2012, the263 words
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AVIATION/SHIPPING
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Article, Illustration421 2012-05-25 31 VEN SREENIVASAN - Mark Edwards to replace Georgie Ong who retires in June By VEN SREENIVASAN DUBAI-OWNED ground services giant dnata is eyeing the second major change in top management position at its Singapore operations in recent months. Yesterday, the group announced the appointment of Mark421 words
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Article, Illustration482 2012-05-25 31 Reuters [LONDON] BAE Systems has signed a £1.6 billion (S$3.2 billion) deal to supply Saudi Arabia with Hawk jets to train pilots to fly the Eurofighter Typhoon which it has already ordered from the UK company. The deal providesReuters; BAE SYSTEMS - 482 words
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Article, Illustration405 2012-05-25 31 [PETALING JAYA] Malaysia Airlines (MAS) has secured buyers for the bonds it plans to issue, with most of the investors being gov-ernment-linked investment companies (GLICs), according to a newspaper report. Malaysia’s The Star quoted reliable sources as saying this will include theBLOOMBERG - 405 words
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329 2012-05-25 31 Bloomberg [SYDNEY] Virgin Australia Holdings Ltd, Australia’s second-ranked airline, will “fight it out” with Qantas Airways Ltd as the market leader adds 25,800 seats to major routes to defend its 65 per cent domestic market share. Virgin was not worried by falling airfares,Bloomberg - 329 words
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Article255 2012-05-25 31 SGX '000 May 24 S$ +/-Vol CH Offshore 0.41 unch 57 Chuan Hup Hldg 0.22 unch 56 Cosco Corp 0.90 0.01 2769 s$ Ezra Hldgs 0.95 0.01 4711 First Ship Lea 0.17 unch 1363 Freight Links 0.06 unch 355 Grand Banks unch unch 0 Jaya Hold Ltd 0.54255 words
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3677 2012-05-25 37 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 Destination STXPO TBN3,677 words
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Page 31 Advertisements
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Advertisement7 2012-05-25 31 Available at KINOKUNIYA PROLOGUE MPH TIMES DUFRY7 words
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Advertisement29 2012-05-25 31 HELPING HANDS Ordinary women, extraordinary volunteers a tale of three Singaporeans JOY ALUKKAS Man with the golden touch GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST29 words
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EDITORIAL & OPINION
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472 2012-05-25 32 EDITORIAL THEY listened to, and disagreed with, the radical wage reforms which former National Wages Council (NWC) chairman Lim Chong Yah had proposed a couple of months ago. All the more credit, then, to the current NWC for recognising the validity of a key472 words
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Article, Illustration808 2012-05-25 32 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group [MARION, Iowa] Sitting in the cab of a US$350,000 John Deere tractor pulling a US$150,000 Deere corn planter, Greg Carson embodies modern American agriculture. It’s capitalintensive, high-tech, efficient and now immensely profitable. LookingThe Washington Post Writers Group - 808 words
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Article, Illustration1127 2012-05-25 32 ANTHONY ROWLEY - Some bent on making own rules and plotting against the central government ANTHONY ROWLEY Tokyo Correspondent THE power vacuum that has formed at the centre of Japanese politics with the advent of “revolving door” prime ministers and a divided national parliament is producingBLOOMBERG, REUTERS - 1,127 words
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Article, Illustration1280 2012-05-25 33 ANNA TEO - The 2012 Olympiad in London has the mother of all commercial restrictions in place By ANNA TEO The writer is a senior correspondent with BT VEN before the 2012 Olympics get underway, the London Games have already set a record of sorts for the most stringentAP - 1,280 words
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Article, Illustration832 2012-05-25 33 BAN KI-MOON - By BAN KI-MOON Ban Ki-moon is secretary-general of the United Nations IHT TWENTY years ago, there was the Earth Summit. Gathering in Rio de Janeiro, world leaders agreed on an ambitious blueprint for a more secure future. They sought to balance the imperatives of robustIHT; AFP - 832 words
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SINGAPORE STOCKS
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Article2592 2012-05-25 34 Transaction date: May 24 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 123 92.5 AIMSAMPIReit 112 +0.5 194 112 111 111.5 112 7.4 10.72,592 words
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Article202 2012-05-25 35 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 4.6 1.3 t Advanced System 2.3 unch 513 2.3 2.2 2.2 2.3 30.5 Last Quote Div Gr Yld Net M Cap High202 words
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Article7963 2012-05-25 35 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FundCI 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 Asian Local Cxy SD Bond ....1.0015/ EM Local Cty Bond7,963 words
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Article191 2012-05-25 35 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US31 unch 1923 31 30.5 30.5 31 2041.2 201 168 TanChongInt HK185cd unch 177 185 185 183 194 4.3 3.8 6.2 3725.7191 words
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Article919 2012-05-25 35 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 95.8 CIMB APAC Div 100US$ US96 -0.8 7 96.4 95.8 95.4 96.4 10.1 1261 856 CIMBAsean40 100US$ US958 953 961 150.3 ***** ***** DBXT AUD919 words
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FINANCE & COMMODITIES
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Article601 2012-05-25 36 May 24 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8537.99 8597.85 8496.61 Jun12 8570.00 8605.00 8475.00 8565.00 *****7 *****8 Sep12 8545.00 8585.00 8490.00 8555.00 187 ***** MSCI TAIWAN INDEX FUTURES SPOT 254.90 256.23 252.97 May12 255.40 256.30 252.40 254.80 ***** *****3 Jun12 254.60 255.60601 words
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Article, Illustration120 2012-05-25 36 As on 23 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1558.40 1535.90 1548.60 14 SILVER FUT JUL2012 27.385 27.385 27.530 10 CURRENCY AUD-USD FUT JUN2012 .9751 .9695 .9690 1444 EUR-USD FUT JUN2012 1.2687 1.2579 1.2558 2642 BASE METAL120 words
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Article107 2012-05-25 36 May 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1362.50 1382.25 1382.75 1351.00 Aug 12 1342.50 1364.75 1364.75 1331.00 Sep 12 1295.00 1314.75 1315.50 1287.50 Nov 12 1257.75 1282.25 1282.00 1251.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 48.91107 words
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Article76 2012-05-25 36 CRUDE OIL PRODUCTS May 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.44 -2.63 WTI (Near Mth) 89.96 -1.27 Dubai (1-Mth F) 103.81 -1.13 Tapis blend 115.26 -1.05 Minas 115.06 -1.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.67 -0.66 Jet Kerosene 120.06 -1.40 US$/barrel OpecOil Basket76 words
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Article23 2012-05-25 36 May 24 S$ S$ Bid Offer 1-month 1.2786 1.2789 2-months 1.2785 1.2788 3-months 1.2784 1.2787 6-months 1.2776 1.2779 Source: OCBC23 words
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Article65 2012-05-25 36 May 23 May Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1969.25 1989.00 3 months 2009.00 2029.00 Copper, Grade A(US$/tonne) Cash 7583.00 7792.00 3 months 7531.00 7739.00 Lead(US$/tonne) Cash 1916.00 1952.25 3 months 1929.00 1965.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months65 words
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373 2012-05-25 36 In local curr In S$ In US$ dy yr dy yr dy yr May 23 Index Change Change Change Change Change Change World Preliminary 833.2 -1.5 0.4 -1.0 -1.7 -1.9 -0.4 EAFE Preliminary 662.8 -2.1 -2.8 -1.9 -6.0 -2.8 -4.7 Europe Preliminary 983.2 -2.5 -4.2373 words
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Article80 2012-05-25 36 May 23 COCOA (£/tonne) Close Prev High/Low Jul 12 1485 1511 1508/1480 Sep 12 1472 1496 1495/1470 Dec 12 1451 1474 1473/1450 Mar 13 1435 1456 1455/1431 COFFEE(US$/tonne) Close Prev High/Low May 12 2158 2165 2165/2148 Jul 12 2182 2203 2203/2169 Sep 12 2174 2190 2189/2163 Nov 12 216480 words
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1165 2012-05-25 36 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 150 311 9.38 24 Conv Ratio Baker Technology Ltd W*****6 1 1 32 22 27.00 6 Best World Intl Ltd W*****5 0.6 1 30 70 30.001,165 words
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Article470 2012-05-25 36 May 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.998 6.163 0.776 7.542 54.711 90.141 0.771 11.482 3.066 1.298 89.602 42.424 1.242 8.178 0.932 28.791 30.743 0.621 0.971 Canada 1.002 6.172470 words
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Article58 2012-05-25 36 May 24 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****58 words
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Article135 2012-05-25 36 May 24 GOLD(US$/oz) May 23 May 24 Hong Kong 1565.00 1564.00 Mav 24 May 22 May 23 London 1588.95 1541.82 1589.78 1542.64 Source: Thomson Reuters CAST BAR May 24 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 64 5gm 438 321 10gm135 words
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Article80 2012-05-25 36 May 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 23-Aug-12 0.29 1-Year BY*****T 02-May-13 0.28 0.25 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.02 5-Year N*****0Z 2.375 01-Apr-17 108.72 10-Year NX*****X80 words
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Article57 2012-05-25 36 May 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 3020.0 3015.0 3060.0 3010.0 341 3835 Jul 12 3022.0 3019.0 3073.0 3003.0 3254 ***** Aug 12 3020.0 3019.0 3069.0 3000.0 ***** ***** Aug 12 3009.0 3010.057 words
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Article154 2012-05-25 36 May 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2419 1.2423 0.9713 0.9714 Canadian dollar 1.2435 1.2446 0.9726 0.9731 Euro 1.6006 1.6014 1.2518 1.2522 NZ dollar 0.9563 0.9578 0.7479 0.7489 Sterling pound 1.9999 2.0006 1.5641 1.5643154 words
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Article121 2012-05-25 36 As at 9am May 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.274 1.214 Can dollar 1.274 1.214 Euro 1.643 1.565 Sterling pound 2.041 1.963 NZ dollar 0.987 0.940 US dollar 1.295 1.246 Local dollars to 100 units of foreign121 words
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Article154 2012-05-25 36 May 24 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ 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 12154 words
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Advertisement47 2012-05-25 37 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times47 words
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Advertisement18 2012-05-25 37 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. _The Business Times Shipping Times18 words
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Advertisement107 2012-05-25 38 /~_;{\<"`;%-|@>(]"[=`,>:;[)_/)! urgently needed fc>y shippers Can they -Find your services Here in the Shipping Times? The Business Times Shipping times advertisi JOE WONG AT 9620 Announce\bur Corporate Developments Come publicise your Corporate Developments, Corporate Image, Company Anniversaries, Award Wins Certifications, Ship Christenings Delivery of Newbuilds, Project Completion and Vessel Conversion107 words
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WINE/FASHION
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Article, Illustration1287 2012-05-25 39 writesN K YONG - Straddling two generations of Domaine Faiveley showed that the newer vintages were distinctly softer, less severe even user-friendly, writesN K YONG writesN writesN K YONG THE story of Faiveley may be multifaceted but it is single-minded. This is above all the story of a great wine1,287 words
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Article, Illustration541 2012-05-25 39 RACHEL AU-YONG - AUDI FASHION FESTIVAL 2012 By RACHEL AU-YONG ROLAND Mouret may be a designer that everyone wants a piece of, but he hasn’t always been on top of the world. In fact, things were once so dire that he could not even lay claimPHOTOS: REUTERS, AUDI FASHION FESTIVAL - 541 words
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Article, Illustration515 2012-05-25 39 ANNA LEE - By ANNA LEE SATURDAY’S show may have been Zac Posen’s debut in Asia, but it certainly did not disappoint the Asian crowd. The designer, fresh off the runway at New York fashion week, boasted more than 30 looks from both his Pre-Fall 2012 and Fall/Winter 2012 collection.PHOTOS: AP, ZAC POSEN, AUDI FASHION FESTIVAL - 515 words
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ARTS
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AroundTown
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Article339 2012-05-25 40 Recording China: French artist Marc Rambeau returns for his sixth exhibition in Singapore, which will be held at the Societe Generale Gallery at Alliance Francaise. This collection of works were inspired by the painter’s trip to China back in the 1990s, where he discovered rice paper a material that339 words
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Article, Illustration98 2012-05-25 40 Gold Rush: Treasures Of The Ukraine: Discover the history of the Ukraine as it is told in an exhibition of historical treasures to be held at the National Museum of Singapore. See 260 pieces of artefacts that date back from the 8th century to the 19th century, and were98 words
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Article101 2012-05-25 40 RACHEL LOI - Compiled by RACHEL LOI Welcome To My World: Talent is not restricted by limitations in other areas that’s the message to take home from a special concert which will be held at the Kallang Theatre next weekend, performed entirely by people with disabilities, either from special needs schools, organisations101 words
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Article, Illustration1003 2012-05-25 40 TAN TECK HENG - SINGAPORE ARTS FESTIVAL 2012 By TAN TECK HENG ALARM bells usually go off for theatregoers when the word “intercultural” is used to describe a production that allegedly blends “traditional and contemporary art forms”. But Lear Dreaming TheatreWorks artistic director Ong Keng Sen’s Singapore Arts Festival offering1,003 words
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Article, Illustration898 2012-05-25 40 CHEAH UI-HOON - Malaysian artist Marion D’Cruz reaches forward while looking back, writes CHEAH UI-HOON writesCHEAH CHEAH UI-HOON I F there’s any work that exemplifies the new format for the Esplanade’s forum for arts practitioners, ConversAsians a format that aims to bring the audience up close and personal withPHILIP CRAIG - 898 words
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Article, Illustration419 2012-05-25 40 HELMI YUSOF - By HELMI YUSOF A VIRAL apocalypse. A vampire invasion. Singapore as the final battleground between human survivors and terrifying bloodsuckers the premise of theatrical production They Only Come Out At Night: Pan- demic (right) promised so very much. But in the end you only got to419 words
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Article, Illustration575 2012-05-25 40 DYLAN TAN - By DYLAN TAN End of the Road’s conceptual jukebox musical theatre is perhaps best described as Glee 2046 with its abstract rumination on mortality told through the lyrics of the songs performed by a cast of senior citizens. It’s the third collaboration between the two Northampton-basedLITTLE RED ANTS CREATIVE STUDIO - 575 words
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ENTERTAINMENT
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Article, Illustration669 2012-05-25 41 CHRISTOPHER LIM - By CHRISTOPHER LIM IN spite of the many times Japanese pianist Hiromi leapt up to play the grand piano with one hand and her synthesizer with the other, while tossing her plume of hair in adrenaline-fuelled abandon, Hiromi’s concert here on Tuesday night was unexpectedly introspectiveJACK YAM - 669 words
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Article, Illustration826 2012-05-25 41 CHRISTOPHER LIM - YouTube has brought Singapore’s Music Matters Live festival to the world, writes CHRISTOPHER LIM By CHRISTOPHER LIM IN spite of only being in its second year, Music Matters Live the three-day festival that runs parallel to the Digital Matters and Music Matters conferences has pulledPHOTOS: MUSIC MATTERS LIVE - 826 words
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Article, Illustration495 2012-05-25 41 DYLAN TAN - By DYLAN TAN FANS of The Jesus and Mary Chain (right) worried about not getting their money’s worth at the band’s first ever performance in Singapore tomorrow night can rest easy. The Internet might be rife with stories about their infamous 20-minute shows but singer Jim Reid says495 words
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Article, Illustration430 2012-05-25 41 LEE KIM SIANG - By LEE KIM SIANG HOSTILE takeovers take on a whole new meaning in the rebooted Syndicate. Instead of a top-down-view shooter, the game has been reimagined as a first-person shooter. In the world of 2069, mega-cor-porations known as syndicates have become so large and powerful that they haveSYNDICATE - 430 words
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Advertisement77 2012-05-25 41 B m r. a ■M 0 Can your client advisor call on a specialist to customise your investments? 1 minute 50 seconds on the UBS way of looking at wealth management with William Kennedy, Head of Investment Products and Services UBS. To view the film, scan the QR code with77 words
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Article, Illustration783 2012-05-25 42 CHRISTOPHER LIM - By CHRISTOPHER LIM WHEN you’ve become used to the parade of unlikeable characters in Game of Thrones, the introduction of a sensible, decent, low-key and plainly likeable character like Davos Seaworth makes you fear for his longevity. After all, the nicest fellows in this fantasy cablePHOTOS: HBO - 783 words
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Article, Illustration641 2012-05-25 42 DYLAN TAN - Josh Brolin steals scenes from motormouth Will Smith, and about time, writes DYLAN TAN writesDYLAN DYLAN TAN A DECADE and a half in, the Men in Black (MIB) franchise is clearly showing its age, and not just because early in this belated second sequel, Tommy Lee Jones’sPHOTOS: COLUMBIA PICTURES-SONY - 641 words
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Article, Illustration605 2012-05-25 42 GEOFFREY EU - By GEOFFREY EU LITERARY references and pseudo-philosophical reflections on the meaning of life emanate from unlikely sources in The Hedgehog, a movie that tackles a dark and difficult theme (a young girl’s impending suicide) by lifting it out of the shadows and portraying it inCATHAY-KERIS FILMS - 605 words
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Article, Illustration562 2012-05-25 42 DYLAN TAN - By DYLAN TAN AS the second-generation owner of a pawn shop, Rick Harrison has customers bring all sorts of items televisions, DVD players, jewellery, cars, power tools into his 24-hour store but his biggest peeve remains that fake Rolex he sees at least once562 words
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Page 42 Miscellaneous
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Miscellaneous291 2012-05-25 42 CRYPTIC CROSSWORD Across 1 Assembles for prayers (8) 6 Vegetable makes a girl come out in spots (6) 9 Beat decisively in field event (6) 10 He suffers from depression (8) 11 Pay to reside at university (6,2) 12 This singer, given a chance, could win a fortune (6) 13291 words
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Advertisement425 2012-05-25 43 Harvev Norman LGNTE COFFEE COOKING CONCEPT STORE 0 BOSCH Invented for life Brandt Innovations you need De Dietrich < SETTING NEW VALUES Living innovation •f’ Electrolux Fisher&Paykel GAGGENAU fU/U i KRUPS Miele Anything else is a compromise KRUPS PHILIPS 0 Saeco SOJR. PASSION r. CO *0 ice CV' 0 0425 words
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Article, Illustration1797 2012-05-25 44 moolah,reportsHELMI YUSOF - With monolithic shows such as ART HK 12, Hong Kong is burnishing its credentials as the premier city of the arts, raking in, with China, more than 40 per cent of the world’s auction moolah,reportsHELMI YUSOF moolah,reportsHELMI moolah,reportsHELMI YUSOF ON the ordinary Portland Street in Kowloon,DE SARTHE GALLERY; PHOTOS: AP, DE SARTHE GALLERY; AP - 1,797 words
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Advertisement113 2012-05-25 44 www.samsonite.com.sg t 4 .'I J ■JPMP \r Te ja* &WL •or r V /C •rr t I r. ,VI, Samsonite BLACK LABEL *CURV® is a registered US trademark of Propex Operating Company, LLC 1’- 5 rA*-V y I*. i* iV i\ a J W af J CUBELITE. THE STRONGEST LIGHTEST113 words
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Advertisement9 2012-05-25 44 WINE Two house styles, one Domaine Faiveley PAGE 399 words
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