The Business Times, 8 March 2013

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Microfilm: NL32515
Total Pages: 42
1 42 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 Friday, March 8, 2013
    25 words
  • Article, Illustration
    Lock icon SMEs to scoop up bulk of budget giveaways
    781 1  -  Business incentives this time have been loaded in their favour, says Tharman By TEH SHI NING [SINGAPORE] Small and medium enterprises (SMEs) are at the heart of Singapore’s push for quality growth, and will get the bulk of the $5.9 billion set
    PHOTO: BLOOMBERG  -  781 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,298.54 (+6.73) GST INDEX FUTURES 3,292.00 (+6.00) GSIMSCI 371.62 (+0.34) GSIMSCI FUTURES 371.90 (+0.70) US$ S$ US$ (S$ per US$) 1.248 (US$/S$ per 1.498 1.871 EURO (US$/S$/€ 1.300 1.622 Foreign currency per US$ S$ YEN 94.00 75.30 RM 3.111 2.492 HK$ 7.756 6.213 BAHT 29.75 23.83 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,650.93 -0.91 NIKKEI 225 11,968.08 +35.81 HANG SENG 22,771.44 -6.40 SET INDEX 1,560.98 +1.63 JAKARTA COMP 4,848.30 +23.62 MANILA COMP 6,725.13 -110.08 SEOUL COMP 2,004.40 -16.34 SHENZHEN B 831.51 -10.18 MUMBAI IND 19,413.54 +160.93 11am EST Change DOW 14,341.12 +44.88 NASDAQ 3,225.11 +2.74
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.38 HONG KONG 6.55 HONGKONG 5.00 JAPAN 13.317 KOREA 5.036 JAPAN 1.475 CANADA 9.33 SWITZERLAND 0.50 US Source: Bloomberg
      22 words
  • Article, Illustration
    Lock icon Fares to be kept low on high-speed train to KL
    650 1  -  By LEE U-WEN [SINGAPORE] Making sure fares are “affordable and attractive” is one of the top priorities being discussed for the proposed highspeed rail link connecting Singapore and Kuala Lumpur, said Malaysia’s International Trade and Industry Minister Mustapa Mohamed. He
    PHOTO: BLOOMBERG  -  650 words
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      156 1 INTERNATIONAL WOMEN’S DAY Helping the people of Cambodia PAGE 12 WINE Upending Bordeaux’s traditions PAGE 41 ART A portrait of artist Chua Ek Kay PAGE 40 COMPANIES Kum family sells Ibis Novena for $150m PAGE 6 BALANCING THE BOOKS Small bookshops are thriving while the big chains find it hard
      156 words
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  • TOP STORIES
    • Article
      Lock icon Tharman explains approach to inequality
      439 2  -  Singapore taxes and benefits ‘designed to be equitable as well as efficient’ DEBATE ON BUDGET 2013 By TEH SHI NING [SINGAPORE] Spending better is more crucial than merely spending more, and steps to make the tax system more progressive must consider both equity and economic
      439 words
    • Article, Illustration
      Lock icon Disabled exempted from new car-loan restrictions
      489 2  -  By NISHA RAMCHANDANI [SINGAPORE] The physically disabled will be exempted from the new curbs on car-loan financing for one car, said Deputy Prime Minister Tharman Shanmugaratnam in parliament yesterday, after MPs voiced concerns that the changes to policies would hurt those that need a
      FILE PHOTO  -  489 words
    • Article
      Lock icon Investment-linked bonds not good idea
      479 2  -  By LEE U-WEN [SINGAPORE] The high premiums that investors are likely to have to fork out for investment-linked bonds have been cited as a key reason for Singapore’s central bank holding out on issuing them any time soon. The Monetary Authority of Singapore (MAS), having
      479 words
    • Article, Illustration
      Lock icon No dual citizenship for now: DPM Teo
      650 2  -  By LEE U-WEN [SINGAPORE] The Republic is not ready for now to allow its people to hold dual citizenship as this could dilute their identity, said Deputy Prime Minister Teo Chee Hean in Parliament yesterday. “Allowing Singaporeans to retain or acquire a second
      650 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      513 2 SMEs to scoop up bulk of budget giveaways SMALL and medium enterprises are at the heart of Singapore’s push for quality growth, and will get the bulk of the $5.9 billion set aside to help businesses. This is because the incentives and measures were designed with them in
      513 words
    • Article
      Lock icon Bigger companies can ride out restructuring stresses: SICC
      767 2  -  But they hope for tax reform, tempering of foreign worker curbs By MALMINDERJIT SINGH [SINGAPORE] The chairman of the Singapore International Chamber of Commerce (SICC) says although the stresses of economic restructuring have raised concerns among larger companies here, these bigger players
      767 words
    • Article, Illustration
      Lock icon Sales at Sennett Residence brisk; slower at The Trilinq
      733 4  -  Tuan Sing sells 175 units after bringing forward launch date by two days By KALPANA RASHIWALA [SINGAPORE] It was a day of contrasts for two 99-year-leasehold private condo releases yesterday. They both had a similar sort of average pricing in the
      733 words
    • Article
      Lock icon HPH buys HK container port from PSA group
      679 4  -  DP World and PSA Int’l sell their entire stakes for HK$3.9b By LYNN KAN [SINGAPORE] As Hutchison Port Holdings (HPH) Trust’s presence in Hong Kong waxes, that of terminal operator giants DP World and PSA International wanes. HPH Trust yesterday snapped up
      679 words
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      127 3 Depuis 1775 IH no 2 4 > s* r a \N I i S r 4 b V V\v i: V 'n- a>' S.\* 1 HHp i\0 Ai< I *s WVi Breguet, the innovator Invention of the shock-protection cfeviqeTfT^TT Inspired by “subscription watches”, the Tradition 7027BR model daringly symbolizes the
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      147 4 UEM LAND W HOMES TO .YOU ROAD SHOW UEM LAND A member of UEM Group DON’T MISS THIS GOLDEN OPPORTUNITY! Find out how you can benefit from UEM Land properties in Nusajaya, Cyberjaya and Mont’Kiara. Date 9 10 March 2013 (Sat Sun) Time Session 1 10.30am 12.30pm Session 2 2.30pm
      147 words
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      203 4 Visit itshow.sg/app #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE (THURSDAY TO SUNDAY) MARINA BAY SANDS, CONVENTION CENTRE LEVELS B2 1 12 NOON 9 PM DAILY Guaranteed over FREE ADMISSION S$20,000 CASH in the Grand Lucky Draw (ONE COUPON FOR EVERY $100 PAID OR DEPOSIT PLACED DURING THE
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Kum family sells Ibis Novena for $150m
      533 6  -  Property funds managed by Alpha Investment buying the 241 -room hotel By KALPANA RASHIWALA THE Kum family behind the proposed M&L Hospitality Trusts that was to have been floated last year has sold Ibis Novena at Irrawaddy Road for $150 million or about
      PHOTO: YEN MENG JIIN  -  533 words
    • Article
      Lock icon ThaiBev knocks IHH out of STI
      360 6  -  By KENNETH LIM CHANG beer brewer Thai Beverage Public Co has knocked IHH Healthcare out of the Straits Times Index (STI) after taking a bite out of Fraser and Neave (F&N). ThaiBev will be added to the STI on March 18, STI partners Singapore
      360 words
    • Article
      Lock icon SMRT non-exec staff to get salary increases
      569 6  -  About 90% of 7,000 employees will benefit from scheme By JOYCE HOOI SMRT Corporation is beefing up the pay packages of its rank-and-file workers as part of a revised agreement signed with the National Transport Workers’ Union (NTWU). This wage review includes all
      569 words
    • Article
      Lock icon Sakae, MD sue Financial PR for alleged defamation
      540 6  -  By GRACE LEONG SAKAE Holdings Ltd and its managing director have brought a defamation suit against Financial PR Pte Ltd for refusing to retract a press statement it had issued on behalf of Andy Ong Siew Kwee, a Sakae non-ex-ecutive director. In
      540 words
    • Article
      Lock icon Expected yuan rise to fuel strong RMB flows
      578 7  -  Singapore expected to benefit from greater offshore yuan liquidity By CAI HAOXIANG CURRENCY flows in yuan started out strongly in 2013, driven by renewed confidence in the Chinese economy and expectations that the yuan will appreciate. Singapore is expected to benefit from
      578 words
    • Article
      Lock icon Mapletree’s China Reit up 11% in strong debut
      443 7  -  By ONG CHOR HAO MAPLETREE Greater China Commercial Trust (MGCCT) marked its debut on the mainboard yesterday with a solid showing, gaining nearly 11 per cent to close at $1.03. This compares with its initial public offering (IPO) price of 93 cents
      443 words
    • Article
      Lock icon SC Global to be delisted on Monday
      298 7  -  By MINDY TAN SC GLOBAL will be delisted from the Singapore Exchange on Monday, bringing to a close chairman and chief executive Simon Cheong’s bid to take the company private. “Following the completion of the compulsory acquisition on 1 March 2013, the board
      298 words
    • Article, Illustration
      Lock icon Dairy Farm turns in steady sales showing for ‘12
      627 9  -  Earnings hit by reversal of income incorrectly accrued in prior years By MICHELLE QUAH DAIRY Farm International Holdings which runs Cold Storage and Giant supermarkets here, among other things reported a good trading performance for the full year ended Dec 31,
      FILE PHOTO  -  627 words
    • Article
      Lock icon Mandarin Oriental’s full-year net profit climbs 7% to US$72.3m
      320 9  -  By TEO SI JIA MANDARIN Oriental International’s profit attributable to shareholders for the full fiscal year has climbed 7 per cent to US$72.3 million, from US$67.5 million a year prior, raising its earnings per share to 7.24 US cents. Excluding a
      320 words
    • Article
      Lock icon HK Land hit by sharp fall in revaluation gain
      356 9  -  Earnings down 73%; excluding non-trading items, profit up 11% By CARINE LEE HONGKONG Land Holdings yesterday reported a profit attributable to shareholders of US$1.44 billion for the fiscal year ended Dec 31, 2012, after taking into account net gains of US$661.5
      356 words
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      83 6 f VS •y vr I L sot SINGAPORE UNIT TRUSTS Amanah Mutual Berhad (*****4-U) 34 th Floor, Menara PNB, 201-A, Jalan Tun Razak, ***** Kuala Lumpur, Malaysia. AMB Client Services Tel (603) 2034 0800 Fax (603) 2163 3212/2535 E-mail ambcare@pnb.com.my A member company of the Permodalan Nasional Berhad Group Distribution
      83 words
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      50 7 PREVIEW LAUNCH JOHOR BAHRU, ISKWDVR 39-Storey Iconic Freehold Luxurious Residence Full Facilities including Sky Terraces SOM infinity Pool 2/3 brm and 4 brm Sky Villas with Sky Patios Direct access to Tebrau/North-South/ —Prices Start •StfWiSisr Transportation Hub JB Central ,or 2 Bedrooms By appointment, RSVP Sutiono (Han) +65 9889 2881
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      141 7 NANYANG TECHNOLOGICAL UNIVERSITY a ®0Ver a world bolities at the ||fU Ope" HoBse a A: titf .1 Wi w ♦H -i i L. w 1 V. f Tailor your curriculum to suit your interests, choose from a range of unique courses and discover fresh ways of learning. Go on a
      141 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market shrugs off new Wall St high
      610 8  -  STI up 6.73 points but broader market turns more cautious, with advance-decline score of 163-297 STOCKS R SIVANITHY Senior Correspondent WALL Street may have risen to a new record on Wednesday but traders here were more cautious yesterday, possibly ahead of an anticipated
      Source: Bloomberg  -  610 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 6 0 0 0 6 4 6 Manufacturing 32 80 44 3 16 8 35 96 52 Commerce 9 30 20 0 10 2 9 40 22 Tpt/Stor/Comms 16 18 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 54,266 54,266 92,213 92,213 Manufacturing 491,077 912,846 1,403,923 157,652 20,776 178,428 Commerce 273,973 363,496 637,469 140,333 45,596 185,929 Tpt/Stor/Comms 113,436 16,678 130,114 159,925 6,156 166,081 Finance 58,336 522 58,858 186,201 243 186,444 Construction 286,916 90,703
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 8 Stock name Close Change CapMallsAsia 2.010 -0.030 CapitaLand 3.730 -0.050 CapitaMall 2.130 +0.010 CityDev 11.40 -0.200 ComfortDelGro 1.900 +0.010 DBS Grp 15.49 +0.110 F&N 9.440 GLP 2.570 Genting SP 1.540 -0.010 Golden Agri 0.610 -0.010 HK Land 7.470 -0.080 IHH Healthcare 1.390 +0.005 JMH 66.58 +2.280
      110 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Mar 7 VALUE CLOSE BT OB/OS -607.00 +148.00 BT CADI -*****.00 -140.00 BT 10-day MA -*****.00 -61.00 FTSE ST Mid Cap 811.89 -0.46 FTSE ST Small Cap 559.83 -1.48 FTSE ST All Share 810.80 +1.09 FTSE ST China Top 220.73 -0.34 FTSE ST China 251.64 -1.24 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      53 8 VOLUME WE Hldgs 285,422,000 ICP 274,985,000 MapletreeGCC 238,533,000 IPCO Intl 167,217,000 Cedar 163,225,000 Weiye 152,005,000 Annica 146,002,000 Rowsley 137,123,000 Golden Agri 127,420,000 Equation 107,371,000 VALUE($) MapletreeGCC 245,206,964 DBS Grp 81,746,550 Golden Agri 77,327,520 SingTel 74,009,334 Rowsley 67,307,830 JMH 56,878,738 GLP 51,667,800 CapitaLand 50,360,320 Keppel Corp 44,390,755 WE
      53 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      917 8  -  Compiled by JOYCE HOOI Tee International March 7 close: 36 cents OCBC INVESTMENT RESEARCH, March 7 TEE International announced recently (Feb 22) that it would inject $16 million worth of its property assets into wholly-owned subsidiary TEE Land, as part of its plans to spin off its real
      Source: Bloomberg  -  917 words
    • Article, Illustration
      Lock icon Yen gains strength as BOJ takes no action
      505 8 CURRENCIES AFP [TOKYO] The yen strengthened in Asia yesterday after the Bank of Japan (BOJ) wrapped up its last policy meeting under governor Masaaki Shirakawa with no fresh policy measures. The greenback changed hands at 93.87 yen in Tokyo, against 94.04 yen
      AFP; PHOTO: REUTERS  -  505 words
    • Article
      Lock icon RISES
      112 8 BY CENTS CLOSE UP JMH 6658 284.6 3.5 DBXT Nifty 10US$ ***** 203.5 1.5 GLD 10US$ ***** 114.8 0.6 Hyflux 6% CPS 10 ***** 77.0 0.7 DBXT MSJAP 10US$ 4032 46.2 0.9 DBXT FTVietnam 10US$ 2456 26.2 0.9 SGX.ES.1303 769 26.0 3.5 UOB 5.05%NCPS 100 ***** 17.0 0.2 DBXT
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    • Article
      Lock icon FALLS
      120 8 BY CENTS CLOSE DOWN Jardine C&C 5480 -120.0 -2.1 JSH 3869 -38.7 -0.8 DairyFarm 1252 -22.5 -1.4 CityDev 1140 -20.0 -1.7 DBXT AUD Bonds 5AU$ ***** -17.9 -0.1 DBXT FTChina25 10US$ 2930 -15.0 -0.4 Great Eastern 1791 -13.0 -0.7 SuperGroup 386 -11.0 -2.8 HK Land 747 -10.0 -1.1 DBXT
      120 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      231 9 Artist’s Impression Pasir Panjang ■M M pr-r Li a NEW LAUNCH 3 FREEHOLD Rare 31 Commercial Units (Shops Restaurants) Excellent Frontage Ideal For F&B 'J n Good Sized Units Available ATI iTl y p WEST COAST L PLAZA icon Pasi.r Panjang H If ft If ORCHARD SOMERSET VM-LEV BO If
      231 words
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      284 10 MESSAGE Lian Hoe Leongwas started by our father Mr Lim Kong Seng in 1950. Our humble beginnings started as a provision shop in Elias Road off Tampines Road 10ms. Since 1963, we ventured into the construction materials, excavator rental and construction machinery business. Lian Hoe Leong subsequently became the authorized
      284 words
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      138 11 pççå iÉÉ q~í båÖáåÉÉêáåÖ pççå pÉåÖ pÉêîáÅÉ qÉÉäÉâ mÉíêçäìÉã EpF míÉ iíÇ g~ÅâI hçÜ iá~å eÉåÖ hçÜ `ÜÉÉ _ÉåÖ jáÅÜ~ÉäI páâ eáå iá wçåÖ låÖ iá~å `Üççå gçÉI `Üç v~ì `ÜÉÉ `Üì~ `ÜÉï _çâ d~å eì~í pÉåÖ sáÅíçêI t~å qÉÅâ dì~å pçÜ _ççå eçÅâ qÜçã~ëI qçâ _ççå bâ píÉéÜÉå eç
      138 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Born of heart, bred of mind
      789 12  -  Social entrepreneurs mostly male, but female presence should not be discounted INTERNATIONAL WOMEN’S DAY Reports by WEE LE TING IT is probably no surprise that the gender representation in the entrepreneurship landscape is skewed towards men, but the gender imbalance is even worse in
      789 words
    • Article, Illustration
      Lock icon Designing a better future for Cambodians
      681 12 Pamela Yeo’s social enterprise, Saught, sells jewellery made from deactivated weapons BEING passionate about giving back to the community, Pamela Yeo decided after law school that she would devote herself to helping the people of Cambodia who still suffer from the ramifications of past
      681 words
    • Article, Illustration
      Lock icon Giving it everything that she has
      670 12 In starting PhilanthropyWorks, Vivian Claire Liu gave up a condo, downgraded her credit card and ploughed back advisory fees ALTHOUGH an introvert by nature, Vivian Claire Liu is not afraid to ask questions. “It is far easier to get the answer if you’ve asked
      670 words
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      57 12 COACH BURBERRY PRADA Balenciaga Salvatore Ferragamo Fendi Celine Min Min Givenchy Bottega Veneta ChristianDior Gucci Michael Kors Chloe Kate Spade Tod’s Proenza Schouler YSL and more... 2013 Spring/Summer Collection Mandarin Orchard Hotel Grange Ballroom, Level 5 9 March (SAT) 11am 4pm OR Shop with us online www.nimeshop.com 4 tax ic
      57 words
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      21 12 THINKERS NOVELTY HOUSE OF MANY CLOCKS I#. 9 Penang Road #02-09/10 Park Mall Mon-Sat (12nn-8pm), Sun (12nn-6pm) Tel: 6332 1454 www.thinkers-novelty.com.sg
      21 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Petronas profit slides 14% to RM59b
      655 13  -  Higher costs and impairments in South Sudan, Egypt drag down results By in Kuala S JAYASANKARAN in Kuala Lumpur MALAYSIAN national oil company Petroliam Nasional, or Petronas saw net profit for its 2012 financial year decline 14 per cent year-on-year to RM59.1 billion (S$23.6
      655 words
    • Article, Illustration
      Lock icon Najib wants Philippine militants to surrender unconditionally
      363 13 Reuters [FELDA SAHABAT, Malaysia] Malaysian Prime Minister Najib Razak yesterday rejected the offer of a ceasefire made by a group of Philippine militants staking a claim to the Malaysian state of Sabah and demanded they surrender unconditionally. At least 27 people have died,
      Reuters; PHOTO: REUTERS  -  363 words
    • Article
      Lock icon Indonesia to import LNG by 2018
      546 13 Bloomberg [JAKARTA] Indonesia, the world’s third-largest exporter of liquefied natural gas (LNG), will start importing the fuel by 2018 to meet increasing domestic demand, according to the nation’s energy regulator. Indonesia’s existing LNG-receiving terminal and three planned facilities will get a total of 821
      Bloomberg  -  546 words
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      59 13 BALENCIAGA r 1 V '■v 581 ORCHARD ROAD 01-09 HILTON SINGAPORE T 65 6304 1359 r f:M 'Wk /V" mKrl :?r at v/ lis $A- 4 I 4m I'T-l t S a .a, -*S»V L3&. i/Tl 3 r*3K *=»•>- /"V —.*5* F |M rt.-„ Bit VL f 4/^r I hp.}-?
      59 words
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      3494 14 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NOTICE OF SCHEME MEETING ORIGINATING SUMMONS NO. 55 of 2013 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE IN THE MATTER OF BLUE OCEAN RESOURCES PTE. LTD. and IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50; 2006 REVISED EDITION) OF
      3,494 words
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      486 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PHOENIX RE (SINGAPORE) IV PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****3646Z NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at Suite 2806, 28th Floor Tower, Shun Tak Centre, 168-200
      486 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China opposes others’ loose monetary policies: adviser
      556 15 Remarks may reflect official displeasure over yen’s slide in wake of Abenomics Bloomberg [BEIJING] China doesn’t approve of excessively loose monetary policies by other nations, according to a senior government adviser who wrote a book with Li Keqiang, the country’s incoming premier. “We
      Bloomberg; PHOTO: AP  -  556 words
    • Article
      Lock icon China to expand investment choices under RQFII
      386 15 Reuters [SHANGHAI] China will loosen restrictions on foreign investment of offshore yuan back into onshore capital markets by permitting investors to buy individual stocks and bonds, rather than restricting them to index funds, regulators said late on Wednesday. Changes to the Renminbi Qualified
      Reuters  -  386 words
    • Article
      Lock icon India to start year with 750b rupee in cash
      331 15 Bloomberg [NEW DELHI] India’s government will probably have a 750 billion rupee (S$17 billion) cash balance at the start of the next fiscal year after reining in spending, a Finance Ministry official said. The money will assist the government in paring
      Bloomberg  -  331 words
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      138 15 experience escape r As you reflect on a day of warm welcomes and enriching experiences you are embraced by a feeling of calm. This is a place where your soul is revived and your senses enlivened. There’s something familiar about the way the light reflects on the ocean that stirs
      138 words
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  • WORLD
    • Article
      Lock icon US House passes bill on govt funding
      776 16 Obama reaches out to Republicans in hope of getting a deal on federal debt Reuters [WASHINGTON] The US House of Representatives has passed a measure to fund government programmes until the end of the fiscal year on Sept 30. The legislation, approved by
      Reuters  -  776 words
    • Article
      Lock icon Eurozone economy shrank 0.9% last year
      559 16 AP [PARIS] The eurozone economy ended the year on a sour note, official data confirmed on Wednesday, with major indicators shrinking across the 17-country currency zone. Nevertheless, investors pushed European stock indexes to their highest levels in more than four years before they closed
      AP  -  559 words
    • Article
      Lock icon Japan names currency expert to head ADB
      684 18  -  Tokyo’s move may work against its interests, strengthen China’s hand By ANTHONY ROWLEY in Tokyo THE Japanese governm e n t ’s d ec i s i o n nounced yesterday, to nomia n nounced yesterday, to nominate vice-finance minister for international affairs
      684 words
    • Article
      Lock icon Beige Book cautiously optimistic as US economy grows gradually
      696 18 Re uters [WASHINGTON] US economic growth continued to improve gradually in January and early February as consumer spending picked up and the country’s battered housing market maintained a broad-based recovery, the Federal Reserve said on Wednesday. In a cautiously optimistic report
      Reuters  -  696 words
    • Article
      Lock icon Trade gap widens in January to US$44b as oil imports rise
      530 18 Economists think the deficit this year will narrow slightly LATEST US DATA AP [WASHINGTON] The US trade deficit widened in January, reflecting a big jump in oil imports and a drop in exports. The Department of Commerce said yesterday
      AP  -  530 words
    • Article, Illustration
      Lock icon BOJ braces for new governor as policy changes expected
      540 18 Reuters [TOKYO] Bank of Japan (BOJ) governor Masaaki Shirakawa said yesterday that relying primarily on boosting inflation expectations to achieve the central bank’s price target could lead to a rise in bond yields and harm the financial system. Ideally, the best
      Reuters; PHOTO: AP  -  540 words
    • Article
      Lock icon ECB keeps rates on hold despite crisis fears
      329 18 AFP [FRANKFURT] The European Central Bank (ECB) yesterday held its main refinancing rate at a historic low of 0.75 per cent, playing down concerns that political gridlock in Italy could trigger a resurgence in the debt crisis. The ECB’s policy-setting governing council
      AFP  -  329 words
    • Article, Illustration
      Lock icon Megabanks’ size inhibits prosecution: AG
      559 19 Admission bolsters criticisms some banks are deemed ‘too big to jail’ WP [WASHINGTON] US Attorney General Eric Holder Jr told lawmakers that some financial institutions have become “so large” that it makes it “difficult for us to prosecute them”. Mr Holder’s admission bolsters criticisms that
      WP; PHOTO: AFP  -  559 words
    • Article
      Lock icon Asian cars making inroads into European market
      436 19 Japanese, Korean models beat EU rivals, gaining market share in continent AFP [GENEVA] The economic crisis in Europe has a silver lining for Asian carmakers which are gaining sales and market share on the continent at the expense of ailing European competitors, observers
      AFP  -  436 words
    • Article
      Lock icon Errant bankers in US may get the boot from sector
      449 19 Regulator targeting those who violate Bank Secrecy Act Bloomberg [WASHINGTON] The US regulator of national banks is weighing changes to make it easier to eject from the industry bankers who knowingly skirt mon-ey-laundering rules, said Comptroller of the Currency Thomas
      Bloomberg  -  449 words
    • Article, Illustration
      Lock icon Brazilian billionaire Batista gets credit from financier
      340 20 Reuters [SAO PAULO] Billionaire Eike Batista, who only a few months ago was Brazil’s richest man, has turned to financier André Esteves’ investment bank for financial advisory and credit after plunging market confidence and project delays drove his fortune down almost US$20 billion
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      Lock icon Dearth of skilled workers imperils US oil projects
      756 20 Costs soar as shale industry struggles to find engineers, other professionals Bloomberg [HOUSTON] After spending years searching for enough crude to pump, the US oil and natural gas industry now is struggling to find and pay for enough skilled workers to tap
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      Lock icon Morgan Stanley’s Asia banking head joins Goldman Sachs
      407 22 Bloomberg [HONG KONG] Goldman Sachs Group hired Kate Richdale from Morgan Stanley to head investment banking services for Asia excluding Japan as the Wall Street firm looks to strengthen client relationships in the region. The 13-year Morgan Stanley veteran will be responsible
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      Lock icon Weather worsens Australia’s trade deficit in January
      423 22 Bureau’s data shows deficit hits A$1.06b; rise in capital goods imports a good sign Reuters [SYDNEY] Australia’s trade deficit widened by more than expected in January as bad weather hit resource exports, though a rebound in imports of capital goods and cars pointed
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      Lock icon Aviva scraps some bonuses, freezes pay
      459 22 Shares slide after it announces 44% cut in H2 dividend Bloomberg [LONDON] Aviva plc, the UK’s second-biggest insurer, said that it will not pay bonuses to executive directors or award pay rises for 2013 after cutting its second-half dividend by 44 per cent. The
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      Lock icon HSBC considers replacing KPMG as its auditors
      255 22 Reuters [HONG KONG] HSBC Holdings, Europe’s biggest bank, has started searching for a replacement for its long-serving auditor, KPMG, after having paid US$81 million to the accounting firm in fees last year. This would be the first time since 1991 that the bank
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      Lock icon BRICs still way down in cloud computing
      666 23 Japan tops scores, Singapore leaps to 5th after Australia, US and Germany Reuters [WASHINGTON] Brazil, Russia, India and China still lag far behind developed countries in policies considered critical for the future of cloud computing, but each made some progress over the past
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      2356 16 MANDATORY UNCONDITIONAL CASH OFFER by CIMB BANK BERHAD (*****-P) Singapore Branch (Incorporated in Malaysia) for and on behalf of PHILEO CAPITAL LIMITED (Company Registration No.: *****4) (Incorporated in the Cayman Islands) to acquire all the issued and paid-up ordinary shares in the capital of HSR GLOBAL LIMITED (Company Registration No.:
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      405 17 FRASERS HOSPITALITY WORLD’S LEADING SERVICED APARTMENT BRAND CONFERRED BY THE WORLD TRAVEL AWARDS e' t' *'■>* \6e° ce 5 e'» w N fr» ser fr» se S uC e c WLe (e s ed3 Q0® e< c^ 5 5UI e? S^ e$ paV \s,^ e fra V fraSe l V*
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      1287 18 WATS NOTICES In the matter of The Companies Act (chapter 50) And In the Matter of YIP AND BOO INVESTMENTS PTE LTD (In Member’s Voluntary Liquidation) Co. Reg. No. **********W NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuantto Section 308 of the Companies Act (Cap. 50) that the Final
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      187 19 A performance only a few will ever experience Limited models available with no ARF price increase. For a limited time, we are offering an exclusive package with Open Category COE and no price increase on a limited number of AMG models. Visit the new AMG Performance Center Singapore to view
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      42 20 www.edgefoodtheatre.com BT Wine, Dine Hospitality Page save more than For advertisement bookings and sales enquiries, please contact: Lawrence Chang 9229 4919 Alisa Tan 9154 8381 for10x4colfull-colourad Angela James 8128 5080 Francis Yeo 9620 1356 Ellen Lee 9368 3533 Colin Ong 9231 1280
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      363 21 novita aircdre<» SUPREME With AirCare.Pro™ Air Sterlizer NAS 6000 sanitize k. sterilize mM .pul I vW < ii i WITH 4 Ur ay; ij 11 ill i ill it quadsystem technology 1111 ■.III 1 TM U I '.I. 11 I I 111 III 11 I II .iVAV.V, •m .•■vJU.u I
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      2815 22 AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CGI CHINESE GLOBAL INVESTORS GROUP LTD. CHINESE GLOBAL INVESTORS GROUP LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****0189D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Chinese Global Investors
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      449 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MAN TRUCK BUS SINGAPORE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2877Z NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 18 Tuas Avenue 1 Singapore *****0 on the 28
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      629 23 THE INDIA BUDGET 2013 ANALYSED FOR ASIA PACIFIC. .c 4 YES BANK THE INDIAN BUDGET 2013 Powered by Date: Friday, 8 th March, 2013 Time: 5.30 pm Venue: Grand Hyatt, Singapore INDIA'S N0.1 NEWS CHANNEL TIMES NOW INTERPRETS THE IMPACT OF THE INDIAN BUDGET FOR THE WORLD. Leading economists, analysts,
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Have Republicans lost Asian-American voters?
      1049 24  -  Yes, if one goes by the trend of young Asians becoming more strongly Democratic LEON HADAR Washington Correspondent SINCE Democratic President Barack Obama won the US presidential race last November, political professionals and pundits have been focusing much of their attention on the increasing electoral
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      Lock icon What we’ve got here is a failure to communicate
      836 24  -  THE BOTTOM LINE DAVID MASON The writer, who was a Price Waterhouse S’pore partner for 18 years, is a business communications consultant in the UK who spends several months a year in Singapore A BUZZ phrase of the 1980s and 1990s
      836 words
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      Lock icon Working from home revisited
      508 24 EDITORIAL JUST when it looks like employers are getting comfortable allowing employees to work from home, along comes Yahoo! CEO Marissa Mayer to shake that idea like a sapling in a whirlwind. It could be the best thing to happen to this emerging trend. Just six
      508 words
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      Lock icon A re-awakened sense of destiny
      1389 25  -  China’s ability to durably transition to the top spots in the world has posed a heightened risk that needs to be managed By PATRICK LECOMTE The writer is the executive director ofMSc Financial Techniques at ESSEC Asia Pacific WHILE in exile following his final defeat
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      Lock icon Pushing harder for US financial reform
      940 25  -  By SIMON JOHNSON The writer is a professor at MIT’s Sloan School of Management and the co-author of ‘White House Burning: The Founding Fathers, Our National Debt, And Why It Matters To You’ Project Syndicate FINANCIAL reform in the United States and worldwide hangs
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  • PROPERTY
    • Article
      Lock icon Billionaire says China curbs unsuccessful
      690 26 Vincent Lo also suggests the new administration should build more social housing to boost supply Bloomberg [SHANGHAI] China’s property curbs in the past decade have been unsuccessful and the new round of measures will slow property sales, said billionaire Vincent Lo, also a member of
      Bloomberg  -  690 words
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      Lock icon Hong Kong mortgage rule may boost rates: Stanchart
      439 26 Bloomberg [HONG KONG] Hong Kong banks may increase the interest rates they charge on mortgages as the city’s new risk rule pushes up funding costs, said Benjamin Hung, chief executive officer for the city at Standard Chartered Plc. The Hong Kong Monetary
      Bloomberg; PHOTO: BLOOMBERG  -  439 words
    • Article, Illustration
      Lock icon Low-profile Reits grab spotlight in the US
      1431 28 At least three of the biggest purchases of US Reits announced in the past six months involved non-traded companies Bloomberg [CHICAGO] Non-listed real estate investment trusts (Reits) raised US$83 billion in the past decade. Now, as the US real estate market rebounds and
      Bloomberg; PHOTO: AFP  -  1,431 words
  • Page 26 Advertisements
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      420 26 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D10 HOUSE FOR SALE CORONATION ROAD WEST Beauty In Its Original glory. Long driveway. Lots potential Rebuilt or A&A 2.5-storey 5rm ensuite 7500 sqft. $11M negotiable. Edwin Ong 9635 1105 D10 HOUSE FOR SALE HOLLAND GROVE Fantastic Buy! Semi-Detached Holland Grove. 999
      420 words
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      97 26 D03 APARTMENT FOR SALE ECHELON Alexandra View By CDL, SCDA Design. 3 mins Redhill MRT. #13-xx 4bdrm loft -1572sf, $14xx psf Visit: SingNewCondo.com CBRE-John 9337 7901 D04 APARTMENT FOR SALE OCEANFRONT Sentosa Cove $3.22M. 3+1 4 baths. 1711 sqft. TOP 2010. Living by the sea, relaxing! D09 APARTMENT FOR SALE
      97 words
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      256 27 D09 APARTMENT FOR SALE THE BERTH BY THE COVE (1) 3+1 rm, 2131 sf. Waterway view (2) Turquoise, 2777 sf, 4+1. Vacant, sell with tenancy. Both selling $500k below cost! Clement Yeo 9069 9906 D09 APARTMENT FOR SALE THE ORCHARD RESIDENCES The Orchard Residences. 1808 sqft. 3+1. Above 25th floor.
      256 words
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      266 27 D11 21 APARTMENT FOR SALE THE STERLING The Sterling. F’hold. 1948 sf, 4+1. High flr, pool view. Near uture MRT. Tenanted till 2/2014. Call Raymond 9816 4022 C&H D11 21 APARTMENT FOR SALE VILLAS GILSTEAD Villas Gilstead 3-sty cluster Semi-D facilities, 4 bdrm ensuite, 6xxx sqft, roof terr with pool,
      266 words
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      240 27 D13 APARTMENT FOR SALE BARTLEY RIDGE Best buy and preview discount. 1km Bartley MRT Maris Stella. 1/2/3/ 4 bdrms/ dual key/ penthse. Book showflat appointment now!! D13 APARTMENT FOR SALE BARTLEY RIDGE Cheapest in D13. Near MRT New launch Bartley. 1/ 2/ 3/ 4-bedroom Dual Key Penthouse. Call for VVIP
      240 words
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      244 27 D15 APARTMENT FOR SALE SANTA FE 2-bedrooms. Rarely available. Luxurious reno. Spectacular view. Spacious 1163 sf. Freehold. MRT D15 APARTMENT FOR SALE SANTA FE Santa Fe 1163 sqft. 3+1. Unblocked. Near city/ Casa Merah A1 decor. Cosy 1378 sqft. 3+study+1. MRT D18 APARTMENT FOR SALE WATERVIEW D.18 Waterview 2-bedroom. 786
      244 words
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      230 27 D11 21 HOUSE FOR RENT ORIOLE Newly Reno GCB. 11,000/ 4500 sqft.4+1+family Landscaped gdn/ patio/ bali hut/ pool. $16k. 9656 9450 Anand D15 HOUSE FOR RENT MEYER VICINITY Charming 2 storey detached. Spacious 5+1 bedroom, 7000 sqft, pool/ garden. Great Condition! Sole Agent. Call 9380 2737 Betty D15 HOUSE FOR
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      112 28 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D09 APARTMENT FOR RENT RESIDENCES KILLINEY Spacious 3-bdrm. Mid floor. Near amenities/ MRT/ Orchard. Ka Sen 9619 6836 D09 APARTMENT FOR RENT TIARA Great World City. High flr. 3+1. Parital furn. Condo facilities. Unblock. Shuttle MRT. 9666 9068 EC10 D10 APARTMENT FOR
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      119 28 D11 21 APARTMENT FOR RENT SOUTHAVEN II 3+1 maid’s 1894 sqft. Spacious. Breezy. P/furn. No afternoon sun. $5100 neg. Immediate. Hurry! D11 21 APARTMENT FOR RENT SPRINGDALE Blk.45.#04-09. 3+1. F/furn. Excellent cond. Good facing Avail 1st Apr 2013. Tenants require corp lease View 24hrs notice. $3.8k. Call 9696 4595 D11
      119 words
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      127 28 D15 APARTMENT FOR RENT VILLA MARINA Ground floor with patio. 3 rms, 1625 sqft. Fully furn. Neat, good condition. Immediate. Kelly Kok 9863 9630 D18 APARTMENT FOR RENT DOUBLE BAY RESIDENCES Just TOP! 3-rm, 1658sqft. Ground floor. Full/ Partial furnished. Min to Simei MRT/ Mall. Available immediately. $5k negotiable D01
      127 words
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      112 28 D04 OFFICE FOR SALE CENDEX CENTRE 1098 sqft. Fully fitted. High floor. $1m negotiable. Also for Rent $4.5k negotiable. Call Laxmi 9297 0054 D07 OFFICE FOR SALE MIDDLE ROAD 7567 sqft. Grand frontage. Good returns! Bugis MRT. Tenanted ’2015. $23xx psf. SD 9761 8510 D08 SHOP FOR SALE CUFF ROAD
      112 words
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      141 28 D15 SHOP FOR SALE JOO CHIAT PLACE New list! Joo Chiat Place. Rare. Corner. Freehold. Full commercial F&B. 2 storey, land 2472 sqft. Good frontage carpark. Zack 9487 7443 D01 OFFICE FOR RENT 21 TANJONG PAGAR Premium Conservation beautifully fitted shophse, rare roof-top terr High ceiling. Near column-free. Single flr.
      141 words
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      530 29 D07 OFFICE FOR RENT THE PLAZA 398 sf with 1rm. Newly painted carepted. 830 sf. Mins walk to MRT/amenities/banks. Immediate. D10 SHOP FOR RENT TANGLIN VICINITY Tanglin vicinity commercial space, 9500 sqft. Road facing, wide frontage. Carpark space. Avail April. 9799 8119 Christine D12 OFFICE FOR RENT MIN GHEE BUILDING
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      269 29 FOREIGN PROPERTY FOR SALE INDAHPURA IN MALAYSIA Reduce Cost? Grade A light clean gated landed factories in Indahpura, Kulai. 20 mins from Tuas checkpoint. 5500 *****sf. F’hold. From S$6xxK! FOREIGN PROPERTY FOR SALE INDAH PURA KULIA IN MALAYSIA F’hold Light Indusl fr 5,563-14,445 sf. Gated. Mins drive fr 2 Causeway
      269 words
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      172 29 FOREIGN PROPERTY FOR SALE SERVICE SUITES IN MALAYSIA Be The 1st to view! The Straits Res Malacca. G’teed rental return 36%. 10% downpayment. Managed by Novotel Group. Located in CBD *****488 FOREIGN PROPERTY FOR SALE SME CITY IPARK IN MALAYSIA JB Iskandar Freehold Light Ind Fty. High standard ***** sf.
      172 words
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      100 29 FOREIGN PROPERTY FOR SALE SENIBONG 88 IN MALAYSIA Zone A Biz Park Iskandar. Freehold. Rare! Multi -function Showroom/ office/ factory. 15min to CIQ Call 8203 3260 FOREIGN PROPERTY FOR SALE FACE PLATINUM SUITES IN MALAYSIA KLCC, Freehold SOHO. Privileged within CBD. RM$15xx psf. 2 bedroomS, 1490 sf. Call Zain +65
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon AirAsia can’t expect a smooth takeoff in India
      813 30 Analysts point to fuel costs, airport charges, competition and bureaucracy Bloomberg [NEW DELHI] AirAsia, South-east Asia’s biggest discount carrier, reported profits in all but one year in the past decade. It’s now entering a market where the industry has lost more than
      Bloomberg; PHOTO: REUTERS  -  813 words
    • Article
      Lock icon Dubai channelling traffic to new airport
      750 30 Bloomberg [TOLOUSE] Dubai Airports said that it’s in advanced talks with several airlines about bringing passenger traffic into a second airport as it begins the transition from the existing hub that will run out of space within the decade. The airport authority may make
      Bloomberg  -  750 words
    • Article
      Lock icon TRANSPORT STOCKS
      239 30 SGX '000 Mar 7 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.27 -0.01 148 Cosco Corp 0.91 -0.01 1909 Vol First Ship Lea 0.13 unch 245 Freight Links Cosco Corp Grand Banks unch unch 0 Jaya Hold Ltd 0.91 K1Ventures 0.18 unch 1629 Keppel Corp 11.78 0.05
      239 words
    • Article
      Lock icon Dry bulk ship deliveries seen below expectations this year
      394 30 Many of the orders are unlikely to be fulfilled: executives Re uters [OSLO] New ship deliveries in the depressed dry bulk market will be below expectations this year and vessel scrapping will remain high, providing the sector some relief, shipping executives
      Reuters  -  394 words
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      Lock icon Boeing plan to test fixes on 787s nears approval
      555 30 NYT [WASHINGTON] The US Federal Aviation Administration (FAA) is close to approving tests of Boeing’s approach to fixing the batteries on its 787 jets, and the tests could begin next week, federal and industry officials said on Wednesday. The FAA could
      NYT; PHOTO: AFP  -  555 words
  • Page 30 Advertisements
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      31 30 MARATHON WOMEN What makes Indian women in Singapore lace up and pound the roads? INDIA BUDGET: HIGH EXPECTATIONS, LOW IMPACT GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      69 30 march CAB budge* WBEB^ TJX jSJRCED yi** ptCOBO'jS -c* 8 vsOPa"S JOHN pew raS&s ■V ■os [A O'BREAKFAST WITH TORQUE 6 APRIL 2013, SATURDAY WAKE UP TO A BRIGHT AND "STARRY" MORNING WITH THE STUNNING MERCEDES-BENZ A-CLASS! SIGN UP NOW AT 50% AFF 1-YEAR DIGITAL Urr SUBSCRIPTION TORQUE DIGITAL EDITION
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  • Article
    Lock icon SHIPPING TIMES
    2745 31 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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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3116 33 Transaction date: Mar 7 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company 5.8 3 A-Sonic Sale Vol Day Last Quote (’000) High Low Buyer Seller Div Gr Yld C'vr Net 164
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      Lock icon SGX CATALIST
      179 34 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil 3.3
      179 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10478 34 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.13/ Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian local Ccy SD Bond 1 0095/ Asian Smaller Cos''* 1.996/ EM local Ccy Bond 1 0132/
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    • Article
      Lock icon GLOBALQUOTE
      262 34 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A39 unch 4 39 39 39 40.5 3.6 9 3.1 101.6 46.5 30 Genting HK US$ US45.5 -0.5 4428 46 45 45 45.5 2996
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    • Article
      Lock icon SGX ETF
      909 34 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118.9 +0.3 214 118.9 118.5 118.5 118.9 542.8 135.9 120.4 CIMB APAC Div 100S$D 135.8 135.3 136.2 111.7 95.8 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      611 35 Mar 7 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.25 *****.60 *****.01 Mar13 *****.00 *****.00 *****.00 *****.00 *****6 *****1 Jun13 *****.00 *****.00 *****.00 *****.00 *****0 *****7 MSCI TAIWAN INDEX FUTURES SPOT 286.12 287.62 285.74 Mar13 286.00 287.40 285.10 285.70 ***** *****3 Apr13 285.90
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 35 In local curr In S$ In US$ dy yr dy yr dy yr Mar 6 Index Change Change Change Change Change Change World Preliminary 1015.4 0.2 8.2 0.1 8.4 0.1 6.2 EAFE Preliminary 844.6 0.4 9.0 0.1 6.9 0.1 4.7 Europe Preliminary 1228.3 -0.1 7.1
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 35 Mar 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.057 6.375 0.788 7.947 55.977 99.314 0.963 11.137 3.187 1.238 100.390 41.739 1.279 9.333 0.971 30.411 30.483 0.684 1.025 Canada 0.946 6.033
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    • Article
      Lock icon SIBOR
      66 35 Mar 7 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      134 35 Mar 7 GOLD(US$/oz) Mar 06 Mar 07 Hong Kong 1585.50 1593.00 Mar 05 Mar 06 London 1576.47 1581.81 1577.29 1582.58 Source: Thomson Reuters CAST BAR Mar 07 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 143 64 5gm 406 318 10gm 725 636
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 35 Mar 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 06-Jun-13 0.25 6-Month BS*****H 05-Sep-13 0.27 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-17 108.1
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    • Article
      Lock icon PALM OIL
      57 35 Mar 7 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 2420.0 2380.0 144 1939 Apr 13 2391.0 2391.0 2436.0 2382.0 1865 ***** May 13 2396.0 2399.0 2442.0 2384.0 ***** ***** Jun 13 2405.0 2407.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 35 Mar 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2788 1.2794 1.0245 1.0248 Canadian dollar 1.2101 1.2109 0.9699 0.9695 Euro 1.6219 1.6225 1.2994 1.2997 NZ dollar 1.0328 1.0336 0.8274 0.8279 Sterling pound 1.8702 1.8709 1.4983 1.4986
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 35 As at 9am Mar 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.307 1.245 Can dollar 1.237 1.179 Euro 1.659 1.580 Sterling pound 1.907 1.834 NZ dollar 1.067 1.007 US dollar 1.274 1.214 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 35 Mar 7 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ 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
      157 words
    • Article
      Lock icon CHICAGO BOT
      107 35 Mar 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1484.50 1496.50 1503.25 1482.00 May 13 1466.00 1466.50 1475.50 1455.50 Jul 13 1448.75 1447.75 1456.50 1437.25 Aug 13 1408.50 1406.50 1412.50 1395.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13 50.06
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    • Article
      Lock icon LIFFE
      79 35 Mar 6 COCOA (£/tonne) Close Prev High/Low Mar 13 1367 1365 1373/1357 May 13 1390 1391 1394/1382 Jul 13 1407 unch 1410/1400 Sep 13 1421 1422 1425/1414 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2085 2050 2080/2045 May 13 2113 2090 2115/2078 Jul 13 2120 2100 2124/2088 Sep 13 2126
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      886 35 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 650 5.00 14 AlliedTech W*****2 Ratio Asiatravel.com HoldingsW*****7 3 1 25 16 Asiatravel.com HoldingsW*****5 3.3 1 27 40 BakerTech W*****5 14.7 -0.6 943 1 27
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 35 CRUDE OIL PRODUCTS Mar 06 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.03 0.10 WTI (Near Mth) 90.43 -0.45 Dubai (1-Mth F) 106.17 0.71 Tapis blend 117.57 0.52 Minas 113.07 0.52 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.22 2.00 Jet Kerosene 126.49 0.99 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 35 Mar 7 S$ Bid Offer 1-month 1.2482 1.2484 2-months 1.2482 1.2484 3-months 1.2482 1.2484 6-months 1.2480 1.2486 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      67 35 Mar 6 Mar 6 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1910.00 1932.50 3 months 1954.00 1977.00 Copper, Grade A(US$/tonne) Cash 7658.00 7740.75 3 months 7690.00 7772.00 Lead(US$/tonne) Cash 2168.50 2204.00 3 months 2190.00 2224.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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  • executive lifestyle
    • Article, Illustration
      Lock icon Balancing the books
      1726 36  -  The dominoes of shuttering chain stores haven’t stopped smaller book shops from opening and thriving, and they share their secrets with CHRISTOPHER LIM CHRISTOPHER LIM Bookstores may seem to be a sunset or maybe closer to dead industry, but some niche operators are proving that it’s possible
      PHOTOS: CHRISTOPHER LIM; STOCKXCHNG  -  1,726 words
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  • CINEMA
    • Article, Illustration
      Lock icon No magical powers
      536 37  -  The wizard cannot save the day, says GEOFFREY EU BRINGING a famous brand name back to the big screen must be tempting to studio heads in search of the Next Big Franchise, but if only the people behind Oz the Great and Powerful had a brain they'd
      536 words
    • Article, Illustration
      Lock icon SE Asian Film Festival to engage audiences
      475 37  -  By DYLAN TAN FOR the first time, a work-in-progress movie will debut at the upcoming Southeast Asian Film Festival organised by and held at the Singapore Art Museum (SAM). FRVL, a coming-of-age story about college misfits fighting to find themselves in the increasingly
      475 words
    • Article, Illustration
      Lock icon Refreshing buddy films with two age spectrums
      529 37  -  By DYLAN TAN THE buddy film is a well-worn genre but two new releases give it a new spin. In Stand Up Guys, a couple of aging gangsters decide to have one last hurrah before calling it a day. It is Goodfellas meets
      529 words
    • Article, Illustration
      Lock icon Killer Hollywood debut for Korean auteur
      473 37  -  By DYLAN TAN FOR some people, the plane ride to their holiday destination is half the fun. These folks are likely to enjoy Stoker, the Hollywood debut of South Korean filmmaker Park Chan Wook, because it takes patience to sit through the slow-burning psychological
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  • Page 37 Miscellaneous
    • Miscellaneous
      Lock icon Page 37 Miscellaneous Column 1
      314 37 CRYPTIC CROSSWORD Across 1 Safety officer’s fine when European comes back about bonus (4-6) 6 One in flight takes favourites aback (4) 9 Swift attack packs little power (5) 10 Medical problem covering entire street in past (9) 12 Place for marksmen soon gathering excitedly (8,5) 14 Clear single implication
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  • MUSIC
    • Article, Illustration
      Lock icon A fine balance
      487 38  -  Santana pleased the crowd without selling his soul, says CHRISTOPHER LIM CHRISTOPHER LIM I T’S no mean feat to entertain a hall of fans without reducing music to the lowest common denominator. And guitarist Carlos Santana’s got that balance down to a fine art, as he demonstrated
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    • Article, Illustration
      Lock icon Fifth time lucky for Yamagata
      495 38  -  By CHRISTOPHER LIM Five must be Rachael Yamagata’s lucky number at least in Singapore. Last Friday marked the American singer-songwriter’s fifth concert here, but only her first in perfect vocal form. Yet Yamagata’s pitch-perfect voice was only one of five other Singaporean firsts for her.
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  • Page 38 Advertisements
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      695 38 Amplify Your Brand Business With Strategic Planning Who should attend: Brand owners. Social Media Digital Marketers, Public Relations Practitioners, Business Developers, Sales Managers Personnel, Senior and Middle Management, Supervisors and Jobseekers Tertiary Students looking to develop personal excellence. 2013 MARCH SERIES <//.t* ini/. 6 STJOB No.1 FULL-DAY WORKSHOPS Corporate Leadership:
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  • ARTS
    • Article, Illustration
      Lock icon Risque comedy makes S’pore debut
      629 39  -  A Tony-winning play about the battle of the sexes premieres in Singapore, reports HELMI YUSOF reportsHELMI reportsHELMI YUSOF A SEXY play that’s been steaming up Broadway is set to raise temperatures here too. The subject couldn’t be more a d u l t sex g
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    • Article, Illustration
      Lock icon Taking potshots at the Indian divide
      617 39  -  By HELMI YUSOF ARE Singapore Indians “boring and uncreative” much like “every other Singaporean”? Are the newly-settled “new Indians” more creative and dynamic, but also a tad arrogant and annoying? Is Tamil an “ancient language” that shouldn’t be foisted on the school-going children of
      617 words
    • Article, Illustration
      Lock icon Letting his works speak for themselves
      723 39  -  By SARA YAP WHEN you first see Luciano Ventrone’s still life paintings, you will as most people do assume they are beautifully composed and lit photographs. When told they are really paintings, you are likely to furrow your brow in disbelief and inch closer
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    • Article, Illustration
      Lock icon Sizeable showcase of local art
      646 39  -  By HELMI YUSOF SINGAPORE art may be on the brink of much greater recognition, but the tipping point may not come until Singaporeans themselves start recognising the value of their own artists. So says longtime gallerist Helina Chan, who compares the situation here unfavourably to
      646 words
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  • ARTS/BOOKS
    • Article, Illustration
      Lock icon Plant yourself in whodunit at this house
      581 40  -  By CHEAH UI-HOON THOSE who remember the radio dramas on Rediffusion may enjoy a similar experience now on offer in a historic Straits Chinese house on Neil Road. So if you are game for a whodunit narrated directly into your ears through an
      581 words
    • Article, Illustration
      Lock icon A close, heartfelt look at a Singapore artist
      722 40  -  The documentary on the late Chua Ek Kay is enlightening, reports CHEAH UI-HOON ART lovers have long lamented the lack of comprehensive documentation on Singapore artists, especially visual that is, in terms of films and documentaries. This was something that Britain-based Singaporean
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    • Around Town
      • Article, Illustration
        Lock icon Art
        353 40 Celebrating Women: In celebration of International Women’s Day, this inaugural charity art exhibition showcases works done by 12 female artists including pencil artist Zoey Nguyen Le Thuy Duong and printmaker Tamae Iwasaki. The art pieces will be on sale, with part of the proceeds going towards AWARE’s campaign for
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      • Article
        Lock icon Music
        250 40  -  Compiled by SARA YAP Adam Lambert Live in Singapore 2013: Coming in second may not necessarily always be a bad thing former American Idol Season 8 runner-up Adam Lambert can vouch for that. Following a well-received promotional showcase for his debut album For Your Entertainment and a performance at
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    • Article, Illustration
      Lock icon Flat characters with no one to root for
      367 40  -  BOOK REVIEW By CHRISTOPHER LIM A CRIME thriller is nothing without pacing, and Private Berlin nails this. But it’s a bit of a problem when a story has pace and little else. It’s like queuing at a shop, only to discover that
      367 words
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  • WINE/GAMING
    • Article, Illustration
      Lock icon The original garagistes!
      1079 41  -  Jean-Luc was a total newcomer to wine-making, but he’s done Bordeaux a huge service, reports NK YONG WHEN Jean-Luc Thunevin made his first wine (1991) in his garage little did he know, let alone guess, that he was the pioneer of a new breed of wine-makers, the
      1,079 words
    • Article, Illustration
      Lock icon Savour gestalt moments in wine pairing
      605 41  -  By CHRISTOPHER LIM IN a wine-pairing menu, the fun is always in trying to find the best match with each course. But how about trying to match one wine with the same dish cooked two different ways? Next week, chef Laurent Peugeot offers twice
      PHOTO: CHRISTOPHER LIM  -  605 words
    • Article, Illustration
      Lock icon Less horror but just as fun
      424 41  -  GAMING REVIEW By LEE KIM SIANG WHILE the first Dead Space was a study in slow deliberate pacing, Dead Space 2 ramped up the pace with bursts of frantic action interspersed with bouts of delirium. So what manner of beast will the latest instalment
      424 words
  • Page 41 Advertisements
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      21 41 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sq.
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      Lock icon Page 41 Advertisements Column 2
      30 41 nence 0 Spring fou W&April-iO May 2013 Ml 1 R ill III *1 Ergo: Travel www.ergo-travel.com or call us +65 3157 1335 Customised travel specially-designed small group tours TA 1819
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  • Page 42 Advertisements
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      63 42 a* H n O >ri Wig® a. o s 09 1 r* m 1 mgSBt •a U» I h -r» f If 4 x V <L 1 #«5>X,, v L s m itt *r X VW( n r f ■r 5 .X i UNIT 01-48, PARAGON, TEL. 65.6738.3323 LEVEL 1,
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