The Business Times, 7 March 2013

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, March 7, 2013G
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  • Article
    Lock icon Give locals fair shot at white-collar jobs: MPs
    796 1  -  Some feel firms are needlessly hiring foreigners; others want talent inflows to continue By TEH SHI NING [SINGAPORE] The government’s latest moves to ensure Singaporeans get a fair chance at higherskilled jobs continued to win MPs’ approval on day two of the
    796 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,291.81 (+43.55) GST INDEX FUTURES 3,286.00 (+44.00) GSIMSCI 371.28 (+4.11) GSIMSCI FUTURES 371.20 (+3.80) US$ S$ US$ (S$ per US$) 1.245 (US$/S$ per 1.512 1.883 EURO (US$/S$/€ 1.305 1.625 Foreign currency per US$ S$ YEN 93.30 74.90 RM 3.106 2.494 HK$ 7.756 6.229 BAHT 29.68 23.83 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,651.84 +9.76 NIKKEI 225 11,932.27 +248.82 HANG SENG 22,777.84 +217.34 SET INDEX 1,559.35 +10.04 JAKARTA COMP 4,824.68 +72.98 MANILA COMP 6,835.21 +123.49 SEOUL COMP 2,020.74 +4.13 SHENZHEN B 841.69 +15.99 MUMBAI IND 19,252.61 +109.44 11am EST Change DOW 14,283.18 +29.41 NASDAQ 3,219.83 -4.30
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 TAIWAN 13.207 TAIWAN 5.036 JAPAN US KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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  • Article, Illustration
    Lock icon China making waves with Titanic replica
    806 1  -  Australian magnate, Chinese shipbuilder break new ground By SHU-CHING JEAN CHEN in Hong Kong A MID-SIZED, state-owned Chinese shipbuilder wants to break into the luxury cruise ship market and it will do this by building a replica of the Titanic, no less. Nanjing-based CSC
    PHOTO: REUTERS  -  806 words
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      92 1 DIRECTORS’ FEES Rise at SMEs, dip at large firms PAGE 6 AIRASIA Carrier gets India investment board’s nod for Tata deal OPINION The new global currency PAGE 23 COMPANIES S’pore Reits deliver region’s highest dividend yield PAGE 9 PAGE 13 PROPERTY SBF Center’s small offices selling briskly PAGE 11 More
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  • TOP STORIES
    • Article
      Lock icon New Reit manager’s fee model gets thumbs up
      604 2  -  MGCCT’s model better aligns unitholder interests with management’s By ONG CHOR HAO [SINGAPORE] Market watchers have broadly given the nod to an unconventional management fee model introduced by Mapletree Greater China Commercial Trust’s (MGCCT) listing, on the grounds that it better aligns
      604 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      571 2 Give locals fair shot at white-collar jobs: MPs THE government’s latest moves to ensure Singaporeans get a fair chance at higher-skilled jobs continued to win MPs approval on day two of the Budget debate. But MPs also stressed the need for Singapore to stay open to talent inflows
      571 words
    • Article, Illustration
      Lock icon Chavez’s economic programme did everything but work
      476 2  -  UH REUTERS BREAKINGVIEWS By MARTIN HUTCHINSON VENEZUELAN President Hugo Chavez’s economic programme did everything except work. The strongman, who died on Tuesday, won elections regularly most recently in October last year and his economic policies played well at home. His rule coincided with
      PHOTO: AP  -  476 words
    • Article, Illustration
      Lock icon S’pore offers ‘more than minimum wage model’
      454 2  -  BUDGET 2013 DEBATE By TEH SHI NING [SINGAPORE] The perennial call for a minimum wage rang out in parliament again yesterday, but labour chief and Minister in the Prime Minister’s Office Lim Swee Say said Singapore has developed over the years an approach
      454 words
    • Article
      Lock icon Give businesses last chance to get act together, urges Inderjit
      424 2  -  By TEH SHI NING [SINGAPORE] Slow the pace at which foreign manpower inflows are being tightened and give companies that last chance to get their act together, Inderjit Singh urged the government in Parliament yesterday. “We are now forcing companies
      424 words
    • Article
      Lock icon Car ownership policy changes will take toll on families, dealers: MPs
      562 2  -  By NISHA RAMCHANDANI [SINGAPORE] The latest changes to car ownership policies will hurt families and car dealers, Members of Parliament said yesterday, suggesting tweaks to assuage some of the fallout. In his speech, Nominated Member of Parliament and president
      562 words
    • Article
      Lock icon Currency manipulation a protectionist tool: Ford
      664 4  -  Dispute mechanism needed to give aggrieved parties recourse, TPP told By MALMINDERJIT SINGH [SINGAPORE] Currency manipulation should be seen for what it is a potential protectionist tool and dispute mechanisms should be created to deter countries from taking to this practice, a leading American
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    • Article
      Lock icon Dow Jones hits a milestone as fears recede
      708 4 NYT Re uters [NEW YORK] The US economy may be struggling to recover, but by one closely watched measure, the fear that not long ago paralysed the markets has lifted. The oldest and most popular gauge of the stock market on Tuesday
      NYT; Reuters  -  708 words
    • Article, Illustration
      Lock icon Dividend dispute case pits QC against SC
      895 4  -  By GRACE LEONG [SINGAPORE] The issue of whether the seller of a block of shares was entitled to dividends accruing to the shares before he was fully paid for them was argued in court yesterday in a civil dispute pitting Queen’s Counsel Geraldine
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    • Article, Illustration
      Lock icon Winter storm in US freezes thousands of flights
      551 4 AFP [CHICAGO] A massive winter storm pounding the northern United States on Tuesday grounded 2,600 flights, closed hundreds of schools and made roadways and highways impassible. At least four people were reportedly killed in accidents on icy and snowcovered roads and highways.
      AFP; PHOTO: AP  -  551 words
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      23 2 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sq. WATS NOTICES
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      171 3 BlackBerry® Z10 with a new way to check messages. The revolutionary new BlackBerry Z10 lets you peek at messages in the BlackBerr/ Hub from any app, then reply or snap back to what you were doing. blackberry.com BlackBerry, Keep Moving Screen image simulated. ©2013 BlackBerry. All rights reserved. BlackBerry® and
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      92 5 Q W E R today D H J K 7123 BlackBer BlackBerry®Z10 with flick typing. The revolutionary new BlackBerry Z10 with flick typing learns how you write, adapts to how you type and suggests words you can flick on to the screen. blackberry.com BlackBerry, Keep Moving Screen image simulated. ©2013
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Directors’ fees rise in SMEs, dip in large firms
      666 6  -  Average fees of non-executive directors up 5.3% in past year: survey By MICHELLE QUAH DIRECTORS’ fees have risen on average in small and medium-sized Singaporelisted companies, but dropped slightly in large firms. Notably, the average fees of non-executive directors (NEDs) have
      PHOTO: STOCK.XCHNG  -  666 words
    • Article
      Lock icon GSH digs deeper in China property with rights issue
      410 6  -  By LEE MEIXIAN GLOBAL Strategic Holdings Corp (GSH) is gearing itself for further inroads into the Chinese property and construction sector with its latest round of capital-raising. The distributor of medical consumer goods and photographic and imaging equipment yesterday unveiled plans
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    • Article
      Lock icon Three new firms on SGX watch-list
      267 6  -  By JASMINE NG THREE companies have been added to the watchlist of the Singapore Exchange (SGX) for failing to meet the minimum criteria for continued listing. They are precision steel strips manufacturer Yong Xin International Holdings, specialty chemicals producer Matex International, and China Oilfield
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      171 6 6 4 2 I I I I -4 -6 Jan 11 Jul 11 Jan 12 Jul 12 Jan 13 Whichever way property trends are heading, STProperty will always point you in the right direction. Get the upper hand on property market intelligence with trends and analytics. Check the trend of
      171 words
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      92 7 BlackBerry®Z10 with Time Shift. r r r The revolutionary new BlackBerry Z10 lets you jump backwards and forwards in time to capture the perfect shot, then transfer it to BlackBerry*Story Maker to create your own movie with just a few swipes. blackberry.com 1 BlackBerry, Keep Moving Screen image simulated. ©2013
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Fed’s assurances nudge stocks up
      602 8  -  Wall St’s rise to new all-time high following promise of more money-printing pushes STI up 43.55 points to 3,291.81 STOCKS R SIVANITHY Senior Correspondent MONDAY’S column had predicted that central bankers and the promise of more money-printing would probably ease the political worries brought on
      Source: Bloomberg  -  602 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 2 3 0 0 0 10 2 3 Manufacturing 60 70 24 9 15 8 69 85 32 Commerce 28 29 12 3 7 1 31 36 13 Tpt/Stor/Comms 19 16 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 49,877 49,877 90,182 90,182 Manufacturing 1,212,132 1,109,406 2,321,538 196,726 20,178 216,905 Commerce 869,262 304,230 1,173,492 154,593 37,359 191,952 Tpt/Stor/Comms 129,972 13,341 143,313 174,260 4,788 179,047 Finance 75,902 409 76,311 232,953 191 233,144 Construction 326,228 117,057
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change CapMallsAsia 2.040 +0.020 CapitaLand 3.780 +0.070 CapitaMall 2.120 +0.010 CityDev 11.600 +0.190 ComfortDelGro 1.890 -0.005 DBS Grp 15.380 +0.210 F&N 9.440 GLP 2.570 +0.030 Genting SP 1.550 +0.025 Golden Agri 0.620 +0.010 HK Land 7.550 +0.080 IHH Healthcare 1.385 +0.020 JMH 64.300
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Mar 6 VALUE CLOSE BT OB/OS -755.00 -127.00 BT CADI -*****.00 +15.00 BT 10-day MA -*****.00 -75.00 FTSE ST Mid Cap 812.35 +4.90 FTSE ST Small Cap 561.31 +1.16 FTSE ST All Share 809.71 +9.21 FTSE ST China Top 221.07 +0.63 FTSE ST China 252.88 +1.25 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      54 8 VOLUME Compact 749,708,000 ICP 518,729,000 GSH Corp 311,253,000 SingXpress 245,134,000 IPCO Intl 229,380,000 WE Hldgs 184,649,000 Rowsley 175,573,000 NexGenSCom 171,797,000 Magnus 160,884,000 Oceanus 150,254,000 VALUE($) Rowsley 86,538,130 DBS Grp 74,626,225 GLP 73,976,300 SingTel 61,951,530 OCBC Bk 60,909,510 UOB 57,128,690 Keppel Corp 49,582,253 Genting SP 49,325,425 CapitaLand 40,208,565
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      910 8  -  Compiled by JOYCE HOOI Tiger Airways Holdings March 6 close: 68.5 cents OCBC INVESTMENT RESEARCH, March 6 TIGER Airways (TGR) announced on Tuesday that it plans to raise $297 million through a renounceable one-for-five rights issue the rights issue will be priced at 47 cents/share, representing a 34
      910 words
    • Article, Illustration
      Lock icon Yen inches up as selling subsides
      478 8 CURRENCIES AFP [TOKYO] The yen was stronger in Asian trade yesterday as selling subsided after Tokyo’s choices to lead the Bank of Japan (BOJ) ended parliamentary hearings with pro-easing comments that offered few surprises. The US dollar bought 93.17 yen in Tokyo afternoon trade,
      AFP; PHOTO: BLOOMBERG  -  478 words
    • Article
      Lock icon RISES
      114 8 BY CENTS CLOSE UP Jardine C&C 5600 382.0 7.3 IS S&P500 ***** 275.2 1.4 DBXT E50 10US$ 4130 207.9 4.2 JMH 6430 186.8 2.4 JSH 3900 137.0 2.9 Pru 500US$ 1480 137.0 8.0 DBXT FTVietnam 10US$ 2435 107.1 3.7 DBXT S&P500 10US$ 2520 64.7 2.1 DBXT FTChina25 10US$ 2942
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    • Article
      Lock icon FALLS
      123 8 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ ***** -193.1 -0.8 GLD 10US$ ***** -80.9 -0.4 Hyflux 6% CPS 10 ***** -77.0 -0.7 DBXT S&P Short 10US$ 3214 -29.9 -0.7 Lyxor LatinAmerica 1 761 -16.2 -1.7 STXPO 100 545 -10.0 -1.8 Goodpack 188 -4.0 -2.1 GuocoLand Ltd 227 -4.0
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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  • COMPANY NEWS
    • Article
      Lock icon No easy way out for PE funds via Asian IPOs: Bain
      600 9  -  They may instead rely more on strategic acquisitions, US IPO market By KENNETH LIM ASIA’S initial public offering (IPO) market may be even unfriendlier in 2013 to private equity (PE) funds trying to exit their backlog of investments, Bain
      600 words
    • Article
      Lock icon MAS to review financial products
      469 9  -  By GRACE NG THE Monetary Authority of Singapore (MAS) has announced that it will, for the first time, review the financial products industry. Over the next few months, it will work with the industry to review the state of product offerings to retail customers. Lee
      469 words
    • Article
      Lock icon S’pore Reits lead region in dividend yields
      543 9  -  By CARINE LEE SINGAPORE real estate investment trusts (Reits) delivered the region’s highest dividend yield as at the end of last month, the latest month-end Asia Index Report produced by the FTSE Group has noted. The FTSE ST Reit Index and the FTSE
      543 words
    • Article
      Lock icon Public queries: follow-ups and enhanced disclosure needed
      731 10  -  HOCK LOCK SIEW By R SIVANITHY AN increasingly common sight in local stock market trading this year are official queries from the Singapore Exchange (SGX) levelled at companies whose shares have exhibited either odd movements, or suddenly seen a spike in volume, or
      731 words
    • Article
      Lock icon StanChart S’pore 2012 income up 1%; operating profits dip
      552 10  -  By NATHANIEL CHEW STANDARD Chartered’s Singapore arm yesterday announced flat income and operating profits for 2012. It turned in income of US$2.203 billion, just one per cent up from the US$2.186 billion it made in 2011. StanChart Singapore’s profit before tax
      552 words
    • COMPANY BRIEFS
      • Article
        Lock icon GLP signs 15,000 sq m of new leases
        58 10 GLOBAL Logistic Properties yesterday signed 15,000 sq m of new leases at its first development in Changzhou, China. With the new lease, the occupancy rate at GLP Park CND stands at 97 per cent. GLP Park CND is a modern logistics park
        58 words
      • Article
        Lock icon Food Junction CEO stepping down
        49 10 FOOD Junction Holdings’ chief executive officer and managing director David Lim Chiew Poh is stepping down from March 31 to pursue personal interests. Executive director Saw Phaik Hwa will oversee the operations of the company and its subsidiaries until a suitable candidate is appointed.
        49 words
      • Article
        Lock icon HMI’s financial controller resigns
        44 10 HEALTH Management International’s Lim Lian Peng has stepped down as group financial controller yesterday. He left to pursue other career opportunities. Mr Lim was appointed to the role last May, and oversaw the company’s financial and accounting functions in Singapore.
        44 words
      • Article
        Lock icon UMS Holdings’ COO quits
        54 10 UMS Holdings Limited said yesterday its chief operating officer and executive director has resigned with immediate effect. Lee Luong Sylvia S Y has been re-designated as consultant in line with her intention to take on a less demanding role and focus her efforts on key account
        54 words
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      372 10 CLASSIFIED PROPERTY SEMINAR OPPORTUNITIES IN PROPERTY INVESTMENTS? With the introduction of new government policies, such as the additional buyer's stamp duty and sellers' stamp duties, it's vital that you do your homework first! Get insights and a glimpse of emerging trends from experts in the real estate industry. A Learn
      372 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon SBF Center’s small offices selling briskly
      429 11  -  But sales said to be slower for medical suites, which are priced between $3,800 psf and $4,000 psf By KALPANA RASHIWALA SMAll office units at SBF Center at Robinson Road/Cecil Street have enjoyed brisk sales since last week when Far East Organization began sales
      PHOTO: DESMOND FOO/THE STRAITS TIMES  -  429 words
    • Article, Illustration
      Lock icon Four Queensway retail units up for sale
      434 11  -  By KALPANA RASHIWALA FOUR freehold strata retail units at Queensway Shopping Centre, with up to 10,388 square feet in all, have been put up for sale. CBRE and Knight Frank, the joint sole marketing agents for the property, said they expect to receive
      434 words
    • Article
      Lock icon Kovan Lodge put up for collective sale again
      263 11 Asking price around $790 psf is lower than previous launch THE FREEHOLD Kovan Lodge has been put up for collective sale through tender. The asking price is a tad below $30 million, or around $790 per square foot of potential gross floor
      263 words
    • Article
      Lock icon Work on Jurong undersea cable tunnel to start soon
      423 12  -  Link to Jurong Island will also house next generation 400kV transmission cables By RONNIE LIM TO cope with expected transmission constraints arising from the proliferation of new power plants on Jurong Island, Singapore Power (SP) will start construction very soon on
      423 words
    • Article
      Lock icon E-payments boost S’pore’s economic growth: study
      403 12  -  Card use contributes 0.38% to the GDP from 2008 to 2012 By WEE LE TING INCREASED usage of elec-tronic-payment products, such as credit and debit cards, added $3.7 billion to Singapore’s gross domestic product (GDP), according to a study conducted for Visa by Moody’s
      403 words
    • Article
      Lock icon Women still lag in top jobs and politics
      450 12  -  S’pore scores 67.5 in Index of Women’s Advancement By LIM JIA YING WOMEN have yet to achieve parity in AsiaPacific, and remain a minority in top jobs in business and politics. MasterCard’s WorldWide Index of Women’s Advancement awarded Singapore an overall score
      450 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon AirAsia gets India investment board’s nod for Tata deal
      579 13  -  But it and its local partners still have to get approval from aviation authorities By S JAYASANKARAN in Kuala Lumpur INDIA’S Foreign Investment Promotion Board (FIPB) yesterday approved Malaysian budget carrier AirAsia’s plan to set up a regional Indian airline jointly
      FILE PHOTO  -  579 words
    • Article
      Lock icon AirAsia X weighs IPO timing as Malaysia readies for elections
      390 13 Bloom berg [KUALA LUMPUR] AirAsia X Bhd, the long-haul arm of Asia’s biggest budget carrier, is weighing the timing for a planned initial public offering (IPO) that may help it raise about US$250 million, as Malaysia prepares for general elections.
      Bloomberg  -  390 words
    • Article
      Lock icon Yudhoyono candidate to head Bank Indonesia clears first hurdle
      447 13 Reuters [JAKARTA] Indonesia’s finance minister has passed his first hurdle on the road to becoming central bank governor, amid growing opposition over his candidacy that has raised concerns over the future management of South-east Asia’s largest economy. President Susilo Bambang Yudhoyono’s
      Reuters  -  447 words
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      165 13 RoyalCaribbean MARINER OF THE SEAS Asia’s Largest Cruise Ship Coming to Singapore in June 2013 Cfuise Ffgpyry rCVanv-ot- 4 Packa 9e* (HSBC Exclusive) r s Special* ~i K^eceWeup toUSD200o~nboardCredit*^, 3 /4N BEST OF MALAYSIA CRUISE Mariner of the Seas Departure: 01 04 Jun 2013 Port-of-call: Kuala Lumpur (Port Klang)*, Langkawi
      165 words
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      314 13 A •5S5K, *C3# I Top Winners for Total Defence Awards 2012 (201 2 Minister for Defence Award Winners) A G Industrial Gas Trading Pte Ltd Advantech Co. Singapore Pte Ltd Cargill International Trading Pte Ltd Civil Aviation Authority of Singapore Sing and San Construction Pte Ltd Singapore Technologies Kinetics Ltd
      314 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China’s planners push urbanisation
      530 14 It will be biggest driver of domestic demand in years ahead: official Reuters [BEIJING] China’s planned urbanisation drive will be the main engine of growth for domestic economic activity in the years ahead, giving the government scope to boost domestic demand and infrastructure investment, a senior
      Reuters; PHOTO: REUTERS  -  530 words
    • Article
      Lock icon China pushing ahead with reforms for more flexible yuan
      668 14 Plans for currency trading pilot programme said to be progressing smoothly Reuters [BEIJING] China will press ahead with reforms to allow more flexibility in the yuan’s exchange rate and the remaining barriers to creating a cross-border currency trading zone could be
      Reuters  -  668 words
    • Article
      Lock icon Cadbury in US$46m India tax dodge: WSJ
      209 14 Reuters [BANGALORE] Cadbury Plc, now part of Mondelez International Inc, used a non-existent factory in India to avoid about US$46 million in taxes, the Wall Street Journal reported on Tuesday, citing a report by the Indian tax authorities. Cadbury’s Indian unit manipulated invoices
      Reuters  -  209 words
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      102 14 m tcfc if m ■s e EECC Kill 0 rr mmsm J=r S I IBlUBEI ii--. l.F fm r; 'L (!>♦% F-: f\uj^/ U kiSS92 o m S592 ISS92 »=J> o f 1 Ss kiss ■•V >'.?! *s N /> •tx s iSB/' sjk vv 4S>V A getaway at Singapore's
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Australian economy grows moderate 0.6% in Q4
      703 15 Reuters [SYDNEY] Australia’s economy grew at a moderate pace last quarter as a long-awaited surge in resource exports helped offset softness elsewhere, while recent evidence suggests that the growth pulse might have quickened since the start of the year. Signs are that lower
      Reuters; PHOTO: AFP  -  703 words
    • Article
      Lock icon Swedish industry to cut investments
      196 15 Bloomberg [STOCKHOLM] Swedish industry will curb investments this year as the export-reliant economy struggles with flagging foreign demand, a survey indicated. Industry in the US$500 billion economy plans to reduce spending to 56.2 billion kronor (S$11 billion) after raising it to 56.9 billion kronor last
      Bloomberg  -  196 words
    • Article, Illustration
      Lock icon Obama seeks authority for IMF voting reforms
      632 15 But plan faces uphill battle for passage in tense US budget environment Reu ters [WASHINGTON] The Obama administration has asked Congress for authority to implement historic voting reforms in the International Monetary Fund (IMF) that boost the influence of emerging economies like China
      Reuters; PHOTO: AFP  -  632 words
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      100 15 V I I 1 k id at ■in Ps i* B M £1 1 I •< i pip 11 i s. ’JHs u v| ft I 1 v v. I 1 4*. BS •■M kS’•a ■w V I. K A SKIS KS •AV L-.v H y>* SI /> SS V
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  • WORLD
    • Article, Illustration
      Lock icon Sharp sells 3% stake to Samsung
      894 16 This follows Sharp’s record loss amid slowing demand for TVs, iPhones Bloomberg [TOKYO] Sharp Corp will sell 10.4 billion yen (S$139 million) of stock to a Samsung Electronics Co unit as the Japanese display maker tries to rebound from a record loss amid slowing
      Bloomberg; PHOTO: REUTERS  -  894 words
    • Article
      Lock icon Hyundai to back S’pore-based hedge fund
      501 16 Ex-ABN AMRO exec will head AQG Capital Management Reuters [SEOUL] Hyundai Securities Co Ltd is seeding capital to a new Singa-pore-based hedge fund, making its first such play outside South Korea in a sign that the regional industry may be turning a corner after
      Reuters  -  501 words
    • Article
      Lock icon US$9b set aside to rebuild Iraq lost to waste and fraud
      515 16 Bloomberg [WASHINGTON] The US lost at least US$9 billion of taxpayer money set aside to rebuild Iraq, as poor planning and weak oversight allowed waste and fraud to permeate the nine-year, US$60.5 billion effort, according to a government watchdog.
      Bloomberg  -  515 words
    • Article, Illustration
      Lock icon Gensler says will stay as CFTC chairman till at least December
      451 16 AP [NEW YORK] Gary Gensler, one of the top regulators of Wall Street, is assuring officials that he plans to remain in the Obama administration till at least December even as he weighs other options, according to three people
      AP  -  451 words
    • Article
      Lock icon Toyota appoints ex-GM exec as board member
      672 17 Mark Hogan will be first director from outside the company in its 76-year history AP [TOKYO] Toyota has tapped a former executive at US rival General Motors to be on its board, the first time in the Japanese automaker’s 76-year history it is
      AP  -  672 words
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      Lock icon Dutch ex-cyclist Michael Boogerd admits doping
      516 17 AP [THE HAGUE, Netherlands] Former Dutch professional cyclist Michael Boogerd, a spring classic specialist who once edged Lance Armstrong to win the Amstel Gold Race, admitted to using performance-enhanc-ing drugs for a decade during his career in interviews published yesterday. “I used EPO, cortisone
      AP; PHOTO: AFP  -  516 words
    • Article, Illustration
      Lock icon Murdoch’s Fox Sports set to take on ESPN
      720 17 New network to draw from existing rights, aims to be profitable in 2-3 yrs Bloomberg [NEW YORK] Rupert Murdoch’s 15-year drive to create a competitor to Walt Disney’s ESPN has put News Corp’s new national sports network on a path to show
      Bloomberg  -  720 words
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      Lock icon AIG banks on home loans amid rebound
      614 18 New unit to sniff out loans for purchase; insurer holding debt for the long-term Bloomberg [NEW YORK] American International Group, the insurer that was rescued by the US government in 2008 after soured bets on mortgage securities, is building a unit to buy
      Bloomberg; PHOTO: BLOOMBERG  -  614 words
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      Lock icon THREAT TO WAR HEROES’ WORK
      75 18 [SEOUL] A man looking at a banner of defenders offreedom from South Korea and the United States during the Korean War at the Korea War Memorial Museum in Seoul yesterday. North Korea’s military is vowing to cancel the 1953 ceasefire that ended the Korean War,
      AP  -  75 words
    • Article
      Lock icon UBS, JPMorgan exit Australian swap rate panel
      600 18 Citigroup cuts role in Malaysia after rate-rigging scandal Bloomberg [SYDNEY] UBS AG and JPMorgan Chase Co are withdrawing from a panel that sets Australia’s benchmark swap rate, and Citigroup is reducing its role in Malaysia amid increased scrutiny following the global rate-rigging scandal.
      Bloomberg  -  600 words
    • Article
      Lock icon Dubai takes steps to create global hub for sukuk
      772 18 Issuers triple Islamic bond sales in city to US$4.6b last year Bloomberg [DUBAI] Dubai’s Islamic bond sales have posted the best start to a year since 2006 as the government takes steps to form a global hub for syariah-compliant finance and
      Bloomberg  -  772 words
    • Article
      Lock icon US banks have enough funds to withstand another shock
      717 19 Shareholder returns by top six lenders seen surging to most since 2007 on test Bloomberg [NEW YORK] The six largest US banks may return almost US$41 billion to investors in the next 12 months, the most since 2007, as regulators conclude
      Bloomberg  -  717 words
    • Article
      Lock icon BOE pushes for deep RBS restructuring to split off bad assets
      244 19 Reuters [LONDON] Britain must push one of its biggest banks, Royal Bank of Scotland, to undergo a deep restructuring to split off bad assets still on its books and recapitalise, the head of the Bank of England said yesterday.
      Reuters  -  244 words
    • Article, Illustration
      Lock icon Chavez, 58, dies after 2-year fight with cancer
      609 19 HUGO CHAVEZ: 1954-2013 Reuters [CARACAS] President Hugo Chavez died on Tuesday after a two-year battle with cancer, ending 14 years of tumultuous and divisive rule that won him passionate support among the poor but hatred from business leaders and wealthy Venezuelans. The
      Reuters; PHOTOS: REUTERS, AP  -  609 words
    • Article
      Lock icon Pakistan needs IMF loan to avert crisis: ADB
      475 19 Balance of payments in critical state; up to US$9b needed to shield economy Reuters [ISLAMABAD] Pakistan has reached a critical balance of payments situation and will need another package from the International Monetary Fund before the end of the year to avert
      Reuters  -  475 words
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      Lock icon EU fines Microsoft 561 m euros
      586 20 It says firm broke a 2009 deal to ensure consumers had a choice of browser Reuters [BRUSSELS] The European Union (EU) fined Microsoft Corp 561 million euros (S$911 million) yesterday for failing to offer consumers a choice of Web browser, a charge that will
      Reuters; PHOTO: REUTERS  -  586 words
    • Article
      Lock icon January factory orders down the most in five months
      526 20 LATEST US DATA Bloom berg [WASHINGTON] Orders to US factories fell in January by the most in five months, weighed down by a slump in demand for military hardware and commercial aircraft. Bookings dropped 2 per cent after a revised 1.3
      Bloomberg  -  526 words
    • Article, Illustration
      Lock icon Sarkozy may seek a return to politics ‘out of duty’
      646 20 Poll shows he is top choice for a 2017 presidential run Reuters [PARIS] Former French President Nicolas Sarkozy has given his strongest hint yet that he might make a comeback bid in 2017, telling a magazine a sense of duty
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    • Article
      Lock icon UK’s OFT threatens to close payday lenders
      295 20 Reuters [LONDON] Britain’s consumer watchdog has given the UK’s biggest 50 payday lenders 12 weeks to change their business practices or risk losing their licences, after finding evidence of widespread irresponsible lending. So-called payday lenders offer short-term loans, which are intended to be
      Reuters  -  295 words
    • Article, Illustration
      Lock icon HSBC cuts back US operations, sells consumer loans for US$3.2b
      713 21 Sale to subprime lender, mortgage investor is due to be completed in Q2 Bloomberg [NEW YORK] HSBC Holdings, Europe’s biggest bank by assets, has agreed to sell a portfolio of US consumer loans for US$3.2 billion in cash as it
      Bloomberg; PHOTO: AFP  -  713 words
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      Lock icon Revamped Saudi Arabia govt has US imprint
      1004 21 Bloomberg [RIYADH] As he opens Saudi Arabia’s top government jobs to a new generation of princes, King Abdullah may also be rebooting the kingdom’s ties with the West. King Abdullah, who turns 89 this year, has picked younger royals with international and security
      Bloomberg; AP FILE PHOTO  -  1,004 words
    • Article
      Lock icon StanChart shifts Africa ops to Johannesburg
      453 21 Bloomberg [JOHANESBOURG] Standard Chartered, the UK bank which cut bonuses and boosted its dividend after profit rose, is relocating its African business to Johannesburg from Dubai as it seeks to take advantage of higher growth rates on the continent. Traders covering Africa from Dubai
      Bloomberg  -  453 words
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      2093 17 SATO NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 BT NOMINEES (SINGAPORE) PTE. LTD. (REGISTERED IN SINGAPORE) (CO. REG. NO: *****1892E) MEMBERS’VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 1 March 2013, the following resolutions
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      72 18 HE HOT LIST I 2013 EQUIPMENT »GUIDE SINGAPORE BUTCH'S BEST TIPS FOR DRIVING HSBC WOMEN'S CHAMPIONS PREVIEW fjSS TAKE PART IN THE CALLAWAY GOLF CHALLENGE 2013! Play golf and try the new X-Hot range of clubs! MARCH 22, FRIDAY 11.30 AM TO 9.30 PM S$350 PER PERSON iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiitiiiiniiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Includes a
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      101 18 CATS CLASSIFIED PROPERTY SEMINAR 2013 OPPORTUNITIES IN PROPERTY INVESTMENTS? Get insights and a glimpse of emerging trends from experts in the real estate industry! Date: 23 March 2013 (Saturday) Time: 9am 1 pm or 2pm 6pm Venue: 30 Biopolis St, Matrix, Level 2 Auditorium Early Bird Ticket Prices (by 13
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      1044 19 -dt KATS NOTICES >89 8822 or J )h.com.sg to place |j EGM Notices I, IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JLF (JPY) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****9029D Extract of the Minutes of an Extraordinary General Meeting of
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      31 20 MARATHON WOMEN What makes Indian women in Singapore lace up and pound the roads? INDIA BUDGET: HIGH EXPECTATIONS, LOW IMPACT GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      36 20 www.omy.sg OM showblz.omy.sg MorHub OKKbOX {Sla I SlorHul KKbOX ™KKbo:b i o. omy.sg TO Ub i ■a Ub I ig %'Sta ST Hub 4 w •i ib box sa: EE* a aawsias isms iKiuiB! n showbiz.omy.sg
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      112 21 U always! like us on D facebook/ufmlOOS follow us on twitter@ufml003 www.uf m lOOS.sg UFM 100.5 SS 1 CM. If o U SHINE Take a step back. Reflect on life. As we get caught up in the hustle and bustle of daily life, let’s pause to be thankful for all
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  • EDITORIAL & OPINION
    • Article
      Lock icon S’pore-Johor-Riau: a promising oil hub
      494 22 EDITORIAL CAN Singapore-Johor-Riau, or SJR in short, become the next ARA? The latter, an abbreviation for Amsterdam-Rotterdam-Antwerp, refers to the three ports which form a key global oil-trading hub in Europe. It is where crude from the North Sea, Africa and the Middle East is
      494 words
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      Lock icon Easy to print more money, hard to create quick demand
      817 22  - Easy to print more money hard to create quick demand THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent WHY are the fish (in this case, consumers and investors) not biting? Could it be that they know the bait (money) they are being fed is no more than a false lure and
      817 words
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      Lock icon India’s opaque FDI policy hits investment
      1043 22  -  Govt should outline a clear and transparent policy to instil confidence in global investors By NEETA LAL The writer is a New Delhibased journalist INDIA’S ruling United Progressive Alliance (UPA) coalition’s aggressive push for foreign direct investment (FDI) into the country, even at the
      PHOTO: REUTERS  -  1,043 words
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      Lock icon Yuan – the new global currency
      1105 23  - Yuan the new global currency When this reality takes place depends on how quickly the Chinese government liberalises trade in RMB By STEFAN SCHEURER The writer is vice-president, Global Capital Markets Thematic Research, at Allianz Global Investors CHINA today is very reminiscent of the United States at the time of
      Source: Hong Kong Monetary Authority (HKMA), Allianz GI Global Capital Markets & Thematic Research.; Source: Datastream, Allianz GI Global Capital Markets & Thematic Research. Past performance is not a reliable indicator of future results.  -  1,105 words
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      Lock icon When privatisation is wise – and when it’s not
      999 23  - When privatisation is wise and when it’s not By NITIN PANGARKAR The writer is associate professor of strategy and policy at the National University of Singapore Business School THE recent announcement about Dell’s privatisation may have triggered similar thoughts among the leaders of many technology companies, especially where the stock
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Maersk Line beefing up fleet at Singapore base
      800 24 Most of new vessels will be flying under Republic’s flag Bloomberg [SINGAPORE] AP Moel-ler-Maersk A/S, owner of the world’s biggest con-tainer-shipping company, plans to add more vessels to its Singapore base after making the Republic its biggest hub after the headquarters in
      Bloomberg; PHOTO: BLOOMBERG  -  800 words
    • Article
      Lock icon Major supertanker glut seen as bookings sink
      610 24 25% more VLCCs available over next 30 days than cargo Bloomberg [LONDON] The glut of supertankers competing for two million-barrel cargoes of Persian Gulf oil expanded to the biggest since 2011, after bookings plunged following the longest series of Opec (Organization of the
      Bloomberg  -  610 words
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      Lock icon B787 pilots have time on their hands from grounding
      391 24 Bloomberg [TOKYO] With the worldwide fleet of Boeing Co 787s grounded due to battery fires, Air India Ltd pilot Anjum Chabra turned to rap to lament his fate. “Ain’t no flight for me here so ain’t no Singapore, ain’t no casino
      Bloomberg; PHOTO: AFP  -  391 words
    • Article
      Lock icon US to allow knives, baseball bats, golf clubs on planes
      546 24 AP [WASHINGTON] Airline passengers will be able to carry small knives, souvenir baseball bats, golf clubs and other sports equipment onto planes beginning next month under a policy change announced on Tuesday by the head of the US Transportation Security
      AP  -  546 words
    • Article
      Lock icon TRANSPORT STOCKS
      239 24 SGX '000 Mar 6 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.28 unch 305 Cosco Corp 0.92 0.01 4138 Ezra Hldgs 1.10 unch 5572 First Ship Lea Chuan Hup Hldg Freight Links 0.08 unch 4449 Grand Banks 0.28 Jaya Hold Ltd 0.71 unch 184 K1Ventures 0.18 unch
      239 words
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  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      369 24 CRYPTIC CROSSWORD Across 1 They can penetrate only 60% of our puzzles (6) 5 Planetary satellite will be in astronomical list, obviously (8) 9 Strict police policy? It could be to clear zone when monarch enters (4,9) 10 Mythical creature associated with work by English novelist (8) 11 Wisdom maybe
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  • Article
    Lock icon SHIPPING TIMES
    1453 25 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
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  • Page 25 Advertisements
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      83 25 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 1327 Can they find your services here in the Shipping Times? M The Business Times Shipping Times PLACE YOUR AD HERE The Business Times Shipping times CALL JOE WONG AT 9620 1327 PLACE YOUR AD HERE The
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3155 26 Transaction date: Mar 6 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 164 106 AIMSAMPIReit --AAT High Low Company Sale 75 55 ASL Marine...................................70
      3,155 words
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      Lock icon SGX CATALIST
      193 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 4.6 1.3 t Advanced System 2.1 unch 9900 2.2 2 2 2.1 31.3 Vol ('000) Day High Last Quote Low Buyer
      193 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      7824 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond 1.0081/ Asian Smaller Cos'" 1 9891/ EM Local Ccy Bond 1.0114/ European Opportunities 1 1 1562/ Global Emerging Markets 1
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    • Article
      Lock icon GLOBALQUOTE
      258 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A39 unch 30 39 39 39 41.5 3.6 9 3.1 101.6 46.5 30 Genting HK US$ US46 unch 5837 46 45 45.5 46 3028.9
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    • Article
      Lock icon SGX ETF
      939 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 135.9 120.4 CIMB APAC Div 100S$D 135.8 135.2 136.1 111.7 95.8 CIMB APAC Div 100US$ US106.6 108.3 109.2 11.2 1403 1246 CIMBASEAN40 100S$D 1403 +19
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      632 28 Mar 6 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.06 *****.82 *****.09 Mar13 *****.00 *****.00 *****.00 *****.00 *****9 *****1 Jun13 *****.00 *****.00 *****.00 *****.00 *****7 *****4 MSCI TAIWAN INDEX FUTURES SPOT 286.28 287.74 285.54 Mar13 285.50 288.50 285.10 286.20 ***** *****8 Apr13 287.70
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Mar 5 Index Change Change Change Change Change Change World Preliminary 1014.3 1.1 8.1 1.3 8.4 1.2 6.2 EAFE Preliminary 841.6 1.2 8.7 1.4 6.8 1.3 4.6 Europe Preliminary 1229.8 1.7 7.2
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 28 Mar 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.055 6.389 0.787 7.969 56.286 99.539 0.959 11.126 3.191 1.236 100.772 41.845 1.279 9.281 0.969 30.463 30.496 0.680 1.028 Canada 0.948 6.055
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    • Article
      Lock icon SIBOR
      66 28 Mar 6 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      134 28 GOLD(US$/oz) Mar 06 Mar 05 Hong Kong 1585.50 1589.70 Mar 05 Mar 04 London 1576.47 1573.86 1577.29 1574.63 Source: Thomson Reuters CAST BAR Mar 06 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 142 63 5gm 402 315 10gm 718 630 20gm 1353
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 28 Mar 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 30-May-13 0.26 6-Month BS*****H 22-Aug-13 0.26 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.08 5-Year N*****0Z 2.375 01-Apr-17 108.08
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    • Article
      Lock icon PALM OIL
      57 28 Mar 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 13 2390.0 2386.0 2390.0 2385.0 249 2393 Apr 13 2400.0 2391.0 2400.0 2382.0 1577 ***** May 13 2404.0 2399.0 2413.0 2389.0 ***** ***** Jun 13 2410.0 2407.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 Mar 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2790 1.2796 1.0273 1.0277 Canadian dollar 1.2124 1.2126 0.9739 0.9738 Euro 1.6245 1.6247 1.3048 1.3049 NZ dollar 1.0348 1.0358 0.8312 0.8319 Sterling pound 1.8823 1.8828 1.5119 1.5122
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    • Article
      Lock icon CHICAGO BOT
      108 28 Mar 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1496.50 1490.25 1511.00 1488.25 May 13 1466.50 1462.00 1481.75 1459.00 Jul 13 1447.75 1443.25 1460.50 1440.25 Aug 13 1406.50 1402.25 1418.25 1401.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13
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    • Article
      Lock icon LIFFE
      80 28 Mar 5 COCOA (£/tonne) Close Prev High/Low Mar 13 1365 1362 1374/1357 May 13 1391 1388 1401/1384 Jul 13 1407 1404 1417/1400 Sep 13 1422 1419 1428/1415 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2050 2071 2085/2041 May 13 2090 2122 2132/2081 Jul 13 2100 2132 2141/2091 Sep 13 2110
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      823 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 650 5.00 14 AlliedTech W*****2 Ratio Asiatravel.com HoldingsW*****7 3 1 25 16 Asiatravel.com HoldingsW*****5 3.3 1 27 40 BakerTech W*****5 15.3 0.1 2394 1 27
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Mar 05 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.93 0.75 WTI (Near Mth) 90.88 0.91 Dubai (1-Mth F) 105.46 0.49 Tapis blend 117.05 0.41 Minas 112.55 0.41 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.22 -1.28 Jet Kerosene 125.50 0.38 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Mar 6 S$ Bid Offer 1-month 1.2450 1.2451 2-months 1.2450 1.2451 3-months 1.2450 1.2451 6-months 1.2448 1.2453 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 28 Mar 5 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1932.50 1928.75 3 months 1977.00 1973.00 Copper, Grade A(US$/tonne) Cash 7740.75 7695.00 3 months 7772.00 7725.00 Lead(US$/tonne) Cash 2204.00 2196.75 3 months 2224.50 2216.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Mar 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.308 1.246 Can dollar 1.241 1.182 Euro 1.662 1.583 Sterling pound 1.919 1.846 NZ dollar 1.069 1.009 US dollar 1.270 1.210 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      161 28 Mar 6 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12
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  • PROPERTY
    • Article, Illustration
      Lock icon More funds investing in property markets: CBRE
      797 29  -  This is the result of higher allocation by SWFs, and yield diversification By TEH HOOI LING THERE will be a rise in funds going into direct property markets globally, said officials from CBRE Group, one of the world’s largest real estate services firms.
      Source: CBRE Research  -  797 words
    • Article
      Lock icon UK house prices up 0.5% in Feb: Halifax
      271 29 Bloomberg [LONDON] UK house prices rose in February, according to Halifax, which said the market is improving and values may continue to increase this year. Prices increased 0.5 per cent from the previous month to an average £163,600 (S$307,500), the mortgage unit
      Bloomberg  -  271 words
    • Article
      Lock icon Househunt
      447 29 PROPERTY TRANSACTIONS FOR DISTRICTS 5 TO 28 WITH CONTRACT DATES BETWEEN FEB 6 AND FEB 12, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 5 NON-LANDED Hundred Trees Apt 06/02/2013 956 915 912 997 District 9 NON-LANDED Martinplace
      447 words
    • Article
      Lock icon Top Global to launch Braddell project
      270 29  -  By BENJAMIN AW SGX-LISTED Top Global Limited plans to launch a freehold residential project in Braddell at the end of this month. Prices for the twin residences R Maison and E Maison collectively named The Maisons are expected to range from $1,350 to $1,450
      270 words
    • Article, Illustration
      Lock icon Chinese couples divorce to skip property tax
      445 29 Reuters [SHANGHAI] At Shanghai’s Zhabei District marriage registration centre, officials divorced a record 53 couples in a single day this week that’s about one every five minutes as couples rushed to untie the knot to avoid tougher tax laws on home sales. There
      Reuters; PHOTO: AFP  -  445 words
    • Article
      Lock icon Norway cracks down on mortgage risk
      683 30 Banks may be forced to assign higher loss probabilities to mortgage assets Bloomberg [OSLO] Norway’s financial regulator is throwing its weight behind a government proposal to force banks to assign higher loss probabilities to mortgage assets as the nation looks for ways to cool
      Bloomberg  -  683 words
    • Article
      Lock icon Damac to finance US$1b Dubai project
      260 30 Bloomberg [BERLIN] Viacom Inc’s Paramount Pictures is lending its name to four Holly-wood-themed towers in Dubai that will comprise a hotel, apartments and shops and cost about US$1 billion to build. Damac Properties Co, a Dubai-based developer, will oversee and finance the construction of
      Bloomberg  -  260 words
    • Article
      Lock icon Resale house prices rise in 6 Chinese cities
      253 30 Xinhua [SHANGHAI] Resale house prices in six major Chinese cities continued to rise in February, a report released on Tuesday said. Last month, resale house prices in Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu and Tianjin all saw month-on-month increases of over one per
      Xinhua  -  253 words
    • Article, Illustration
      Lock icon London, NY top destinations for world’s richest people
      316 31 Wealthiest 100 billionaires’ net worth rises despite slowing economy Bloomberg [LONDON] London and New York will be the top destinations for the world’s wealthy elite as the number of people worth more than US$30 million swells 50 per cent over the next
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      Lock icon More rich Venezuelans look for property overseas
      419 31 Political uncertainty, high kidnap rate prompt their search for homes abroad Reuters [LONDON] The number of Venezuelans hunting for luxury homes around the world jumped by a greater degree than any country last year as political uncertainty escalated in the South American state,
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      239 31 Reuters [LONDON] European property investors are regaining their appetite for riskier assets, as fears over the eurozone’s economic stability ease and sought-after properties in the best neighbourhoods become too expensive, a survey showed. Property consultant CBRE Group said yesterday that its annual survey
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      282 31 Landmark development in Islington, London QUEENSLAND TERRACE i i 111 a 1 f 7T. I FT U 11 I T I f S Mb i ii ii ■i ii n -H I Computer SIR A QUEENSLAND TERRACE, QUEENSLAND ROAD, LONDON N7 7AJ K ~T* n jajjt- rrll r JTB TO
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      125 31 AUCTION SALE 3-storey Conservation Shophouses with Attics at Pagoda Street (Chinatown), District 1 TO BE SOLD TOGETHER 2 adjoining units of 3.5-storey conservation shophouses Total: Land 2,327 sq ft GFA 6,834 sq ft approximately (subject to survey) 99-year leasehold wef 30 Oct 1995 Master Plan 2008 zoned “Commercial” within “Kreta
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      510 32 New River Gardens Waterside London Living from £240,000 An opportunity to invest in a luxury apartment or penthouse r L# Stunning luxurious studios, 1, 2, and 3 bedroom apartments and penthouses; all properties benefit from a private balcony or outdoor space Unique waterside setting located by the New River, with
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