The Business Times, 17 March 2012
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2012-03-17
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The Business Times
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Title Section14 2012-03-17 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| MARCH 17-18, 2012 S$1.00| MICA (P) 121/08/201114 words
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Article23 2012-03-17 1 MATTER OF FACTORY NATIONAL Development Minister Khaw Boon Wan yesterday cautioned against the non-authorised use of industrial land.| 223 words
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Article34 2012-03-17 1 DOWN AND UP LAST month, economists thought the economy would grow by a weaker 2.5 per cent and inflation could rise to 3.5 per cent. Now, things are brighter.| 434 words
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Article28 2012-03-17 1 JUMPING SHIP THE economy may slow but some workers still want to quit their jobs, blaming lack of training and career advancement.| 728 words
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Article29 2012-03-17 1 MONEY IN WASTE THE $1.2b Domestic Solid Waste Management Centre in Qatar, built and managed by Keppel Seghers, receives a VIP from Singapore. 1829 words
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1328 2012-03-17 1 Joyce Hooi - Enterprise apps are all the rage as they rake in money for developers and promise a steady stream of income for the companies that have commissioned them By Joyce Hooi joyceh@sph.com.sg Singapore AS the 25 billionth app was downloaded from the iTunes store1,328 words
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Article, Illustration556 2012-03-17 1 Chuang Peck Ming - By Chuang Peck Ming peckming@sph.com.sg Singapore NON-OIL domestic exports (NODX) again confounded the market with a whopping year-on-year 30.5 per cent spike last month, double what private-sector economists had expected. The surge was all the more dramatic because it came after aSource: IE Singapore - 556 words
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Page 1 Advertisements
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Advertisement16 2012-03-17 1 www. usinesstimes.com. g| MARCH 17-18, 2012 MOTORING Porsche Boxstergets a brand new, more masculine look L18-1916 words
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Advertisement25 2012-03-17 1 WEALTH Of cash, gold and stocks 33 8 *****1 *****4 LIVING Hip tenants breathing new life into Stanley, Telok Ayer and Boon Tat streets L2-525 words
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TOP STORIES
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720 2012-03-17 2 Bryan Koh - Khaw puts onus on developers but analysts blame lack of affordable commercial space By Bryan Koh bryankoh@sph.com.sg Singapore THE shoe-box factory has caught the national development minister’s attention, and it’s not all good. Writing in his blog, Khaw Boon Wan said that shoe-box apartments serve720 words
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MARKETS
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Article59 2012-03-17 2 HSTI 3,010.68 (-15.16) ESTI FUTURES 3,026 (unch) HSIMSCI 348.21 (-0.10) GSIMSCI FUTURES 349.80 (+1.00) STOCKS Friday Change KL COMP 1,571.40 -7.98 NIKKEI 225 10,129.83 +6.55 HANG SENG 21,317.85 -35.68 SET 1,189.56 +18.22 JAKARTA 4,028.54 -11.44 MANILA 5,145.89 +114.11 KOSPI 2,034.44 -9.32 SHENZHEN B 675.26 +12.78 MUMBAI IND 17,466.20 -209.6559 words
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Article29 2012-03-17 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.629 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg29 words
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Article48 2012-03-17 2 US$ S$ US$ (S$ per US$) 1.261 (US$/S$ per 1.573 1.984 EURO(US$/S$/E) 1.308 1.650 Foreign currency per US$ S$ YEN 83.50 66.20 RM 3.053 2.420 HK$ 7.763 6.154 BAHT 30.71 24.35 RUPIAH 9,155 7,258 RENMINBI 6.323 5.013 INDIAN RUPEE 50.22 39.81 A$ 0.950 0.753 NZ$ 1.220 0.96748 words
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Article, Illustration574 2012-03-17 4 Emilyn Yap - But results lag improving GDP outlook on positive data as survey was sent out in Feb By Emilyn Yap emilyny@sph.com.sg Singapore A GREY scenario emerged from a poll of 25 economists whom the Monetary Authority of Singapore (MAS) contacted last month. They sawYEN MENG JIIN - 574 words
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468 2012-03-17 6 Kenneth Lim - Limited success seen in past partnerships, warn analysts By Kenneth Lim kenlim@sph.com.sg Singapore EXCITEMENT about the marriage dissolves into disillusionment as the initial spark fizzles, but the parties move on and find new partners, over and over again. Not celebrities, but securities exchanges.468 words
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Article, Illustration883 2012-03-17 6 Victoria Ho - By Victoria Ho vhoip@sph.com.sg Singapore BIG queues for the new iPad are so last year. But that doesn’t mean that Singaporeans are not snapping up the device that has catapulted Apple ahead of its competition and pushed its share price past US$600 for the883 words
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667 2012-03-17 7 Chuang Peck Ming - Disgruntled workers cite lack of training and career advancement as main reasons for wanting to jump ship By Chuang Peck Ming peckming@sph.com.sg Singapore THE economic slowdown doesn’t seem to have calmed the restlessness of workers. More than half 57.9 per cent667 words
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Article82 2012-03-17 7 IN “Policies, not personalities, key in China: CapitaLand” (BT, March 16), we carried certain remarks by CapitaLand CEO Liew Mun Leong in reply to a question on how changes in Chongqing’s political landscape might affect the company. He has clarified that what he meant was that CapitaLand is confident82 words
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Article, Illustration809 2012-03-17 8 Malminderjit Singh - It lacks clear steps to spur flagging economic growth and speed up key reforms By Malminderjit Singh msingh@sph.com.sg Singapore POLITICS was accorded priority over economics as the Indian government unveiled a largely populist budget yesterday. Finance Minister Pranab Mukherjee announced a slew ofAFP - 809 words
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Article820 2012-03-17 8 Sumeet Hemkar - By Sumeet Hemkar btworld@sph.com.sg Singapore INDIAN Finance Minister Pranab Mukherjee presented yesterday an undramatic budget for the fiscal year (FY) 2012-13 amid wide expectations of strong reform, given the backdrop of an economy suffering from double-digit inflation and slowdown. Mr Mukherjee projected that the Indian economy will820 words
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Page 2 Advertisements
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Advertisement59 2012-03-17 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Dining L2-6 Watches L7 Shopping L8-9 Design L10-13 Gadgets59 words
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Page 3 Advertisements
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Advertisement39 2012-03-17 3 BURBERRY.COM 'ii' N 1 K mr. mk 1 m\ V ry -J r x 1 ii 1 4 NDON I. :s i _T r N ORCHARD TEL. 65-*****326 PARAGON TEL. 65-*****688 MAYA L2 TEL. 65-*****267 MARINA ’SANDS TEL. 65-*****1139 words
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Page 5 Advertisements
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Advertisement81 2012-03-17 5 Xhalo (25 r The for esident’s Design Award is Singapore’s most prestigious award ts designers and designs, in recognition of excellence across all esign disciplines, including advertising design, visual communications, architecture, urban design, fashion design, furniture design, interior design, landscape design, product and industrial design. Online nominations for the President's81 words
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Page 7 Advertisements
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Advertisement131 2012-03-17 7 The Best in British Entertainment WINNER OF THE LAURENCE OLIVIER AWARD IN LONDON'S WEST END Starring ROBIN KERMODE (in THE IRON LADY with Meryl Streep as "John Major") and NICK WILTON (in EASTENDERS as "Mr Lister"and BBC's BAFTA Award-Winning, CARROTTS' LIB) Richard Willey, a Junior Minister in the British Government131 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK March 12-16, 2012
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45 2012-03-17 9 SINGAPORE, trying to make its mark as a second offshore yuan centre, is facing challenges from an unexpected quarter London which has advantages such as the size of its hinterland, Beijing’s support and the right time zone.45 words
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51 2012-03-17 9 JAPAN remembered in a brief and poignant moment of silence and prayer the terrible events of a year earlier when on March 11, a massive earthquake and tsunami wreaked havoc upon the north-east coast and triggered a nuclear crisis that continues to reverberate to this51 words
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46 2012-03-17 9 CHINA’S economy slowed more sharply than expected in the first two months of the year, leaving more room for the world’s second biggest economy to relax credit controls and boost consumption to offset impacts from the turmoil in Europe.46 words
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54 2012-03-17 9 THE husband of Malaysian Women, Family and Community Development Minister Shahrizat Jalil was charged in the Sessions Court with criminal breach of trust and flouting the Companies Act over RM49 million (S$20.4 million) in federal funds given to the National Feedlot54 words
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46 2012-03-17 9 INVESTMENT sales of property so far this quarter have plunged to their lowest levels in two years to about $3.4 billion as at March 12, although the final figure for Q1 could rise to around $3.8 billion, estimates Savills.46 words
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40 2012-03-17 9 SINGAPORE is Asia’s most competitive city a new study found but recent policy changes over foreign labour could blunt that edge. Globally, only New York and London rank ahead of Singapore in terms of competitiveness.40 words
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39 2012-03-17 9 FIRST, it was Marina Bay Sands. Now, Resorts World Sentosa has turned to Singapore’s High Court in its efforts to pursue gambling debt collections against local and international high rollers.39 words
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Article40 2012-03-17 9 THE local debt market got a shot in the arm as the Monetary Authority of Singapore said that it will provide swap liquidity to encourage more global companies to issue local currency bonds.40 words
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Article, Illustration89 2012-03-17 9 THERE is much scope for Singapore to work more closely with Indonesia to develop joint projects in the Batam, Bintan and Karimun special economic zones. But teething issues such as taxation, immigration and labour relations need to be ironed out inTHE STRAITS TIMES - 89 words
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35 2012-03-17 9 IT seems the government’s property cooling measures have lost their “cool factor”, as February marked the highest number of units sold by developers since July 2009.35 words
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49 2012-03-17 9 THERE is no relief in sight for China’s faltering real estate market as Premier Wen Jiabao indicated on Wednesday that the government remains determined to clamp down on it. China’s currency, however, may stop strengthening against the US dollar.49 words
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51 2012-03-17 9 CENTRAL banks around the world are sitting on piles of euro-denominated foreign exchange reserves and their positions aren’t cushy. These holdings have become a source of concern as the euro see-saws and battles doubts about its survival while Europe’s sovereign debt mess51 words
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Article75 2012-03-17 9 US DATA March 20 Feb housing starts/building permits March 21 Feb existing home sales March 22 Feb leading indicators March 23 Feb new home sales CHINA DATA March 22 HSBC flash China manufacturing PMI EVENTS March 19 NEW DELHI High-level conference on China-India March 20 WASHINGTON75 words
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Page 9 Miscellaneous
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Miscellaneous316 2012-03-17 9 Across 1 Carbon copy for head (4) 3 Crime writer Graham is on broadcast (5,5) 9 Supporter in demonstration losing face (4) 10 No longer working with child? (2,3,5) 11 Vehicle coming out of motorists’ club and trade centre, reversed (7) 13 Dish produced by young man in French city,316 words
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Miscellaneous13 2012-03-17 9 SATURDAY with Ludwig ‘I don’t need Encyclopaedia Britannica, my search engine knows everything13 words
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THE RAFFLES CONVERSATION
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Article, Illustration2162 2012-03-17 10/11 Joyce Hooi - Under CEO Joe Hogan, power and automation firm ABB has gone on a buying spree, undergone a divisional revamp and gained a new focus. But the former GE executive is quick to credit his team for a job well done. By Joyce Hooi By Joyce Hooi2,162 words
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COMPANIES
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Article, Illustration695 2012-03-17 12 Mindy Tan - Mapletree, Vietnam’s SCID celebrate groundbreaking of SC VivoCity in Ho Chi Minh City By Mindy Tan tanmindy@sph.com.sg Ho Chi Minh City, Vietnam MAPLETREE Investments is actively pursuing plans to launch its Vietnam-focused private real estate fund, of which Saigon South Place complex will695 words
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Article, Illustration417 2012-03-17 12 AFP Hong Kong PAYPAL Asia-Pacific chief Rupert Keeley said yesterday the US company plans to expand in the region over the next 12 to 18 months, after it launched the region’s first payments service for smartphones. Australia and Hong Kong wereAFP - 417 words
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Article, Illustration925 2012-03-17 13 Lynette Khoo - Former independent director Lai Seng Kwoon wonders why he has become a key character in the saga By Lynette Khoo lynkhoo@sph.com.sg Singapore THE former China Sky Chemical Fibre independent director (ID) who was recently picked up by the white-collar crime policeFILE PHOTO - 925 words
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331 2012-03-17 13 Reuters London THE Financial Stability Board (FSB) is putting pressure on auditors to flag concerns they have to supervisors about banks and insurers whose books they check. It marks a broadening of the FSB’s reach into the financial sector and related services asReuters - 331 words
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Article, Illustration987 2012-03-17 14 Ven Sreenivasan - STOCKS Ven Sreenivasan ven@sph.com.sg Senior correspondent IT WAS the usual Friday squaring of positions ahead of the weekend as some market players took a bit of money off the table following a relatively strong week. Activity was rather muted with interest largely focused on987 words
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467 2012-03-17 14 Reuters Singapore SINGAPORE stocks remain cheap despite a strong rally in the last few months, with banks and offshore marine firms offering the greatest upside, said a fund manager at Lion Global. Singapore is likely to keep benefiting from an upturn inReuters - 467 words
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Article, Illustration474 2012-03-17 15 Kenneth Lim - Shortened review process for listed companies in Singapore, Malaysia and Thailand By Kenneth Lim kenlim@sph.com.sg Singapore LISTED companies in Singapore, Malaysia and Thailand can now benefit from a shortened review process for cross-border listings within the three countries, regulators announced yesterday. The Monetary Authority of474 words
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197 2012-03-17 15 Teh Shi Ning - By Teh Shi Ning tshining@sph.com.sg Singapore RAFFLES Education Corporation, which earlier appealed against the Vietnamese government’s decision to penalise its design school for allegedly offering illegal joint training programmes with foreign colleges, has since fully paid up the violation fine and since Jan197 words
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Business briefing
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97 2012-03-17 15 CHEN Shin-Yung yesterday resigned as an executive director of Courage Marine, but will continue to serve as group director of technical, repair maintenance. Mr Chen said the latter role requires him to work on board the group’s vessels for extended periods of time and has97 words
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80 2012-03-17 15 THE manager of CapitaCommer- cial Trust (CCT), CapitaCommercial Trust Management Ltd, said HSBC Institutional Trust Services (Singapore), as trustee of CCT, has refinanced the $570 million term loan secured on Capital Tower. The refinancing is funded by $480 million in bank facilities without using80 words
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86 2012-03-17 15 Reuters PT Berlian Laju Tanker, Indonesia’s largest oil and gas shipping company, said its units have obtained interim orders from a US court prohibiting the arrest of its ships. “The company is pleased to announce that, with the support ofReuters - 86 words
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64 2012-03-17 15 BROADWAY Industrial Group said its wholly-owned subsidiary, Compart Asia Pte Ltd, has resumed production at one of its factories in Thailand, with the second factory due to open by May 2012. Compart Precision (Thailand), which focuses on hook-up assembly and testing of HDD64 words
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Page 13 Advertisements
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Advertisement198 2012-03-17 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KOKOSHA SINGAPORE (PTE) LTD Incorporated in the Republic of Singapore Company Registration No. *****1521E (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap.50 that198 words
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Page 15 Advertisements
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Advertisement51 2012-03-17 15 Wearnes Automotive has a position open for a Used Car Purchaser Newsweek is recruiting a Newsstand Executive Kingsforce has vacancies for Internal Auditors Lim Tan Securities is recruiting a Mobile Broker Mitsui Chemicals Group is on the lookout for Laboratory Technicians Check out more than 500 positions available in CATS51 words
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FROM THE DESK OF
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Article, Illustration881 2012-03-17 16 Vinod Kumar - An understanding of local office cultures and business styles is vital to any global organisation planning to establish itself in new markets FROM THE DESK OF Vinod Kumar Managing Director and CEO Tata Communications AMID the looming economic downturn in the US and Europe, business in Asia is881 words
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SINGAPORE
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460 2012-03-17 17 Jasmine Ng - Boston Consulting Group identifies the three as among 11 S’pore companies which are South-east Asian ‘challengers’ By Jasmine Ng jasng@sph.com.sg SINGAPORE-BASED CapitaLand, Fraser and Neave, and Olam are among the new South-east Asian “challengers” set to shine on the international stage, according to460 words
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Article, Illustration325 2012-03-17 17 Amanda Eber - By Amanda Eber aeber@sph.com.sg BURNT sauce is not something you associate with top chefs, but that’s what some of them decided to name their rock band a venture they started just weeks ago for fun and charity. And Burnt Sauce, the rock325 words
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Article, Illustration338 2012-03-17 17 Amanda Eber - By Amanda Eber aeber@sph.com.sg THE Singapore Institute of Management’s (SIM) new annex building was officially launched as part of its Campus Development Master Plan by President Tony Tan Keng Yam yesterday. SIM’s $300 million masterplan was conceived in 2009 to double its campus size with338 words
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Article, Illustration417 2012-03-17 18 Lee U-Wen - Landmark project has one of the world’s largest composting facility By Lee U-Wen leeuwen@sph.com.sg DEPUTY Prime Minister Teo Chee Hean rounded off his four-day trip to Qatar with a visit on Thursday to a new $1.7 billion waste management facility built and operated417 words
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Article331 2012-03-17 18 Joshua Tan - By Joshua Tan joshtan@sph.com.sg BIODEGRADABLE laundry bags, wa-ter-saving devices in toilet cisterns and beacon signage lights which switch off after office hours these are among the environmentally friendly features that occupants of Ascott residences can look out for. In a statement yesterday, The Ascott,331 words
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308 2012-03-17 18 TALENT management is important for successful businesses but it is still found wanting in many organisations, according to ACCA president Dean Westcott. Speaking at the ACCA Accountants for Business Forum 2012, Mr Westcott noted that a research project by ACCA revealed that fewer than308 words
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Page 18 Miscellaneous
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Miscellaneous22 2012-03-17 18 913FM TODAY’S BEST MUSIC SINGAPORE’S HOTTEST MORNING SHOW SofMtW t r Y'*y* V*' JILLIAN LIM THE MARRIED MEN WEEKDAYS BAM TO 1DAM22 words
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WORLD
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Article, Illustration574 2012-03-17 19 CPI increases 0.4%, driven by rising cost of petrol LATEST US DATA Reuters Bloomberg Washington US consumer prices rose by the most in 10 months in February as the cost of petrol spiked while US industrial production remained unchangedReuters; Bloomberg; REUTERS - 574 words
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327 2012-03-17 19 Reuters New York THE US economy is growing again but faces tough challenges that call for action to create jobs and foster expansion, US Treasury Secretary Timothy Geithner said on Thursday. Mr Geithner, speaking to the Economic Club of New York, singled out risingReuters - 327 words
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415 2012-03-17 19 Reuters Jakarta INDONESIA will limit the size of housing loans and set minimum downpayments for car purchases as it seeks to prevent price bubbles and excessive lending in South-east Asia’s largest economy, the central bank said yesterday. The move may signalReuters - 415 words
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528 2012-03-17 20 Consumers complain their accounts have been hijacked, some apps falsely advertised NYT New York IN A little more than an hour, Ryan Matthew Pierson racked up US$437.71 in iTunes charges for virtual currency that he could use to buy guns, nightclubsNYT - 528 words
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Article, Illustration594 2012-03-17 20 Anthony Rowley - Yen’s slide pauses, but forex dealers say this is due to profit taking By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan (BOJ) is coming under increasing internal and external pressure to adopt a more aggressive stance on ending the chronicAFP - 594 words
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Briefing
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84 2012-03-17 20 Reuters LondonFacebook Inc is taking the next step on its IPO journey and has called research analysts from Wall Street banks to its headquarters next week for a preroadshow briefing to discuss the finer points of its business and books. ItReuters - 84 words
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68 2012-03-17 20 AFP Brussels Europe aims to spur growth by revamping trade with the Americas and the Far East. The European Union wants to rev up transatlantic trade ahead of a G-8 summit in Chicago in May, and foreign and trade ministers gathering inAFP - 68 words
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60 2012-03-17 20 Bloomberg Hong Kong Li Ka-shing, Hong Kong’s richest man, said he will “definitely” vote for Henry Tang in the city’s leadership election, even as the candidate’s popularity has plummeted after a series of personal scandals. Mr Tang has city government experience and hisBloomberg - 60 words
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109 2012-03-17 20 Bloomberg New York Money-market derivative traders expect the US central bank will lift its target rate for overnight loans a year earlier than Federal Reserve chairman Ben Bernanke’s pledge of late 2014. Treasury yields surged and money-market rates rose after FederalBloomberg - 109 words
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548 2012-03-17 21 Financial society takes action to comply with EU sanctions on Iranian banks, enacted in response to Iran’s disputed nuke programme NYT New York A GLOBAL communication network vital to the banking industry announced on Thursday that it was expelling as many as 30 IranianNYT - 548 words
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Article, Illustration643 2012-03-17 21 Early vote will allow Najib to take advantage of rising public approval Bloomberg Kuala Lumpur MALAYSIA’S government is discussing the possibility of an early election in May or June, ahead of the due date in early 2013, according to four officialsBloomberg - 643 words
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Article, Illustration571 2012-03-17 22 Fund in PE firm he founded buys producer of ‘infrared anti-riot’ cameras, software NYT Beijing AS the Chinese government forges ahead on a multibillion-dollar effort to blanket the country with surveillance cameras, one US company stands to profit: Bain Capital, theNYT; AP - 571 words
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347 2012-03-17 22 AFP Tokyo JAPAN’S cheap chic clothing chain Uniqlo opened the doors to its new 12-storey megastore in Tokyo yesterday, making a splash in the upmarket Ginza area as part of a drive across Asia. “Opening a flagship store here is the first stepAFP - 347 words
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494 2012-03-17 22 Bloomberg London WHEN Morgan Stanley said in January it had cut its “net exposure” to Italy by US$3.4 billion, it didn’t tell investors that the country paid that entire amount to the bank to exit a bet on interest rates. Italy, theBloomberg - 494 words
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Page 21 Advertisements
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Advertisement63 2012-03-17 21 SINGAPORE’S PREMIER HOME-GROWN CAR MAGAZINE WHY OUR CLEAN DIESEL DREAMS MAY GO UP IN SMOKE FI DRIVERS' ATTIRE EXPLAINED PC 72 USKD***** CHILL SEE THE TRUTH ABOUT CAR AIR-CON AFFINITY FOR LUXURY V FASHION DRIVEN GUCCI SUPERMINI AND OTHER'MODELS' INFINIT m ABT AS7 THE AUDI A7 MADE EVEN BETTER 0363 words
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Article8041 2012-03-17 23 Transaction date: Mar 16 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 17.5 11.5 8Telecom 13 unch 302 13 13 13 15 66.8 0.4 3.1 62.3 9.5 4 A-Sonic 4.6 -0.2 550 4.6 4.58,041 words
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Article1718 2012-03-17 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.1 t 800 Super 17 16 17.6 4.7 3.2 6.6 30.4 4.5 2.5 t AA Grp 3.9 unch 31 3.9 3.9 3.1 4 3.81,718 words
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Article186 2012-03-17 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 3 0 0 0 8 5 3 Manufacturing 73 36 33 4 8 7 77 44 40 Commerce 27 12 21 1 6 3 28 18 24 Tpt/Stor/Comms 20 8 12186 words
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Article678 2012-03-17 26 For week beginning Mar 12 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) CMZ Hldgs 15-Mar-12 Shao Kesheng *Buy 689 0.19 *****7 94.18 *****6 94.41 CMZ Hldgs 15-Mar-12 Value Harmony Ltd Buy 689678 words
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Article121 2012-03-17 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,591 12,591 44,494 44,494 Manufacturing 325,280 46,803 372,083 322,948 934 323,883 Commerce 79,406 2,565 81,971 117,367 228 117,595 Tpt/Stor/Comms 248,770 10,982 259,752 318,558 2,452 321,010 Finance 20,139 30 20,169 141,684 4 141,688 Construction 76,075 7,744121 words
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MARKETS
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Article80 2012-03-17 27 Mar 15 COCOA (£/tonne) Close Prev High/Low Mar 12 1428 1485 1466/1442 May 12 1446 1506 1494/1424 Jul 12 1462 1522 1510/1441 Sep 12 1472 1526 1512/1450 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2027 1996 2032/2001 May 12 2034 2003 2040/1985 Jul 12 2004 1978 2009/1975 Sep 12 201380 words
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Article69 2012-03-17 27 Mar 16 GOLD(US$/oz) Mar 15 Mar 16 Hong Kong 1657.00 1666.00 Hong Kong Mar 14 Mar 15 London 1642.19 1648.51 1643.41 1649.28 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 41.59 40.92 Source: UOB PLATINUM/ Lon (US$/oz) Mar 15 Close Previous PM Fix 1676.00 1679.00 AM Fix 1680.0069 words
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Article60 2012-03-17 27 Mar 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 12 3410.0 3393.0 3410.0 3385.0 1139 ***** May 12 3414.0 3403.0 3422.0 3386.0 5619 ***** Jun 12 3410.0 3397.0 3418.0 3385.0 ***** ***** Jul 12 3391.0 3391.060 words
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Article80 2012-03-17 27 Mar 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 14-Jun-12 0.32 1-Year BY*****W 01-Nov-12 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.02 5-Year N*****0Z 2.375 01-Apr-17 108.26 108.3 108.3 Day's 10-Year80 words
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Article154 2012-03-17 27 Mar 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3276 1.3281 1.0526 1.0527 Canadian dollar 1.2697 1.2701 1.0066 1.0067 Euro 1.6494 1.6499 1.3077 1.3078 NZ dollar 1.0338 1.0348 0.8196 0.8202 Sterling pound 1.9830 1.9842 1.5722 1.5728154 words
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Article, Illustration106 2012-03-17 27 As on 15 March 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT APR2012 1659.60 1639.70 1659.70 468 CURRENCY AUD-USD FUT MAR2012 1.0520 1.0450 1.0539 20 EUR-USD FUT MAR2012 1.3112 1.3019 1.3102 7717 USD-JPY FUT MAR2012 83.80 83.80 83.33 2 BASE METAL106 words
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Article118 2012-03-17 27 Mar 15 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 12 1369.00 1356.00 1370.00 1352.00 May 12 1375.50 1350.25 1376.50 1357.75 Jul 12 1365.25 1356.50 1365.25 1351.50 Aug 12 1343.75 1348.00 1344.25 1330.75 15 1649.28 Reuters Buying SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 12118 words
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Article74 2012-03-17 27 Mar 15 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 123.19 -2.46 WTI (Near Mth) 105.35 -0.25 Dubai (1-Mth F) 121.58 -0.97 Tapis blend 132.30 -1.76 Minas 132.10 -1.76 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 120.83 0.22 Jet Kerosene 136.13 -1.20 US$/barrel OpecOil Basket Price 124.2974 words
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Article114 2012-03-17 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.359 1.295 Can dollar 1.297 1.248 Euro 1.684 1.62 Sterling pound 2.022 1.945 NZ dollar 1.064 1.014 US dollar 1.282 1.233 Local dollars to 100 units of foreign currency: Currencies Sell Buy Chi renminbi 20.928114 words
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Article69 2012-03-17 27 Mar 15 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2208.75 2185.25 3 months 2250.00 2229.00 Copper, Grade A (US$/tonne) Cash 8582.75 8473.50 3 months 8565.00 8465.00 Lead (US$/tonne) Cash 2095.00 2072.00 3 months 2122.00 2102.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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373 2012-03-17 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 15 Index Change Change Change Change Change Change World Preliminary 923.9 0.5 11.3 0.2 8.2 0.6 11.1 EAFE Preliminary 762.5 0.4 11.8 0.3 8.0 0.8 10.8 Europe Preliminary 1129.9 0.3 10.1373 words
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Article, Illustration90 2012-03-17 27 YTD change:+13.77% 52-week high: 3,227.28 on Aug 1,2011 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg YTD change:+15.64% 52-week high: 24,468.60 on Apr 8,2011 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg YTD change: +8.47% 52-week high: 13,253.50 on Mar 15,2012 52-week low: 10,404.40 on Oct 4,2011 (ChartSource: Bloomberg - 90 words
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PERSPECTIVE
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Article, Illustration1336 2012-03-17 28 / 29 Peter Seligmann - Businesses, governments, and consumers are starting to shift their behaviour in a conscious need to sustain and adapt. By Peter Seligmann By Peter Seligmann ~The writer is Co-founder, chairman, and CEO of Conservation International THERE is no question that we are living in a time ofFILE PHOTO - 1,336 words
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865 2012-03-17 28 / 29 G Panicker - By G Panicker ~The writer was formerly with BT’s foreign desk IF OIL industry experts are to be believed, the United States will no longer have to import crude oil and will be able to export natural gas in the next865 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1204 2012-03-17 30 / 31 Shane Oliver - There are signs that the US housing slump appears to be over with a recovery in prospect WEALTH INSIGHTS Shane Oliver AMP Capital Investors ~The writer is head of investment strategy and chief economist at AMP Capital STARTING with the bursting of theSource: US Census, AMP Capital; Source: Bloombergs, AMP Capital; Source: OECD, AMP Capital - 1,204 words
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Article826 2012-03-17 30 / 31 Lynn Kan - Compiled by Lynn Kan Singapore property DBS Group Research March 16 FEBRUARY primary home sales rose by 51 per cent m-o-m to a record 3,138 units. Excluding executive condominiums, the number is still a robust 2,413 units (up 29 per cent m-o-m). Sales are again concentrated in the826 words
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Article, Illustration896 2012-03-17 32 An investment policy statement helps avoid bumps and potholes along retirement’s way NYT A USEFUL way to avoid potholes on the road to retirement is an investment policy statement an interactive atlas that will help you get where you’re going and show you whatNYT; STOCK.XCHNG - 896 words
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Article, Illustration1104 2012-03-17 33 Teh Hooi Ling - Arguing for the continued merits of equities, Warren Buffett explains why stocks beat gold and bonds SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder THE latest issue of The Economist has an article titled “Equity Investing: TooSTOCK.XCHNG - 1,104 words
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WEALTH REAL ESTATE
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Article1024 2012-03-17 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN FEB 15 AND 21, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 11 NON-LANDED Amaryllis Ville Apt 18/02/2012 99 958 1350 1409 Newton Suites Apt 20/02/2012 FH 797 1500 18821,024 words
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Article, Illustration1153 2012-03-17 35 Rate cuts aimed to weaken krone spur credit growth, swell real estate values Bloomberg Oslo NORWAY is moving closer to a housing bubble as the central bank’s strategy of cutting interest rates to weaken the krone spurs credit growth and bloats property values. A dayBloomberg; BLOOMBERG - 1,153 words
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Page 36 Advertisements
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Advertisement141 2012-03-17 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CLASSICAL PURITY IS THE DEFINING AESTHETIC OF THE JULES AUDEMARS EXTRA-THIN. FOR CENTURIES THE ARTISAN HAS KNOWN THAT IT IS EASIER TO ADD THAN TO SUBTRACT-TO INDULGE RATHER THAN TO RATIONALISE. HERE HOWEVER THE MASTERY OF THE ESSENTIAL HAS PRODUCED A141 words
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Advertisement60 2012-03-17 1 LivingBTTHE BUSINESS TIMES WEEKEND MARCH 17-18 2012 GUEST CHEF L'Astrance's Pascal BarbotL6 NEW ENCLAVE RISING Hip tenants breathing new life into Stanley, Telok Ayer Boon Tat streets L2-5 SHOPPING Beauty out of the box L8-9 PREPARAZZI PHOTO: YEN MENG JIIN DESIGN New age hostels L10-13 WATCHES Basel blockbusters L7 GADGETS60 words
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BT Living
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DINING
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Article, Illustration2139 2012-03-17 2 / 3 Melissa Lwee-Ramsay - Edgy eateries and quirky retail concepts are breathing new life into Stanley, Telok Ayer and Boon Tat streets, a historic area that was previously overshadowed by Club Street and Duxton Hill. By Melissa Lwee-Ramsay btnews@sph.com.sg WHEN the founders of restaurant PepeNero first took over their space along2,139 words
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Article, Illustration1663 2012-03-17 4 / 5 Melissa Lwee-Ramsay; Jaime Ee; Melissa Lwee-Ramsay - By Melissa Lwee-Ramsay By Jaime Ee jaime@sph.com.sg By Melissa Lwee-Ramsay btnews@sph.com.sg Preparazzi Bar Gourmet 29 Boon Tat Street Z6220-0629 AS A proponent of modern Singapore cuisine, winning a rent-free shopfront on Boon Tat Street in a contest for enterprising start-ups was a dream come true for chef JeremyPREPARAZZI PHOTOS BY YEN MENG JIIN - 1,663 words
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Article, Illustration1198 2012-03-17 6 Debbie Yong - Three-Michelin-starred chef Pascal Barbot is a believer in cooking with just a sparing pinch of impactful flavours. By Debbie Yong guest chef By Debbie Yong debyong@sph.com.sg IT SEEMS that almost everything about three-Michelin-starred chef Pascal Barbot holds true to the old adage that good things come in1,198 words
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WATCHES
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Article, Illustration576 2012-03-17 7 Dylan Tan - Watchmakers continue to push the envelope in the world of horology with these innovative timepieces that were unveiled at Baselworld 2012 last week. By Dylan Tan By Dylan Tan dylantan@sph.com.sg Made for globetrotters, the Rolex Sky-Dweller boasts 14 patents, of which five are new. Rolex (below) ROLEX adds576 words
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SHOPPING
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Article, Illustration2214 2012-03-17 8 / 9 Debbie Yong - Three beauty subscription services here will send you a bumper box of five to 10 new beauty products for just a small monthly outlay. By Debbie Yong By Debbie Yong debyong@sph.com.sg IT sprouted up in the United States early last year, blitzed through Europe andPHOTOS: ARTHUR LEE - 2,214 words
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DESIGN
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Article, Illustration2824 2012-03-17 10 / 11 Bryan Koh, Edwin Loh; Bryan Koh; Debbie Yong; Edwin Loh - A different breed of accommodation aims to provide a more capsule hotel-inspired individual experience and fill the gap between hostel and boutique hotel. BT Weekend investigates By Bryan Koh, Edwin Loh By Bryan Koh bryankoh@sph.com.sg By Debbie Yong debyong@sph.com.sg By Edwin Loh edwinloh@sph.com.sg THE thought of turningPHOTOS BY YEN MENG JIIN; PHOTOS OF BUNC HOSTEL BY ARTHUR LEE - 2,824 words
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GADGETS
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Article, Illustration675 2012-03-17 14 Christopher Lim - How does the new iPad stack up to its rivals, hot on its heels and hungry for a bigger byte of Apple’s irresistible tech pie? By Christopher Lim limchris@sph.com.sg Apple’s new iPad $658-$1,088 IF you are a proud new owner of Apple’s new iPad tablet, which went on675 words
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HEALTH
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Article, Illustration1112 2012-03-17 15 Michael Lim - Patients who may have an impending or small heart attack now have more choices of non-invasive diagnostic tests. By Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia; British Medical Journals Publishing Group,FILE PHOTO - 1,112 words
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SPORTS
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Article, Illustration664 2012-03-17 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent ONCE one of the most feared and dominant teams in world football, France is still licking its wounds after its last two international tournaments ended in disastrous fashion. At the European championships in 2008 held inDESMOND WEE/THE STRAITS TIMES - 664 words
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Article533 2012-03-17 16 andrew leci - chequered flag with andrew leci I MUST confess that I am not a “petrolhead” and I don’t avidly follow the Formula One calendar. Whether rightly or wrongly, and undeniably idiosyncratically, sport to me has to involve a round object, and while F1 aficionados may point to533 words
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GOLF
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Article, Illustration1026 2012-03-17 17 Justine Moss - With financial woes hitting organisers in the West, the Ladies European Tour could well hold more events in this part of the world. By Justine Moss By Justine Moss btnews@sph.com.sg WHEN the US$600,000 World Ladies Championship (WLC) teed off at Mission Hills Haikou on Hainan Island at thePHOTOS: TRISTAN JONES, RICHARD CASTKA/SPORTPIXGOLF.COM, ALPG - 1,026 words
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MOTORING
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Article, Illustration752 2012-03-17 18 / 19 Samuel Ee - The latest edition of the Boxster gets sharper lines for a brand new, more masculine look. By Samuel Ee samuelee@sph.com.sg LIGHTER, faster, and more frugal. These days, it seems no new model is launched without touting this trio of improvements. But for the new Porsche752 words
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Article, Illustration425 2012-03-17 18 / 19 Samuel Ee - 90% of the Porsche Boxster’s components have been completely re-engineered By Samuel Ee samuelee@sph.com.sg THE Porsche Boxster’s new driving dynamics are a result of a vastly redeveloped car with 90 per cent of its components being completely re-engi-neered. Some of its revised features are: 45The new and fully425 words
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Article, Illustration590 2012-03-17 20 Samuel Ee - There will be a record six F1 world champions on the starting grid in Melbourne tomorrow. f1 watch By Samuel Ee samuelee@sph.com.sg THE names used to be suggestive, like a stripper’s Luscious Liz and Randy Mandy. Others were tantalising Kate’s Dirty Sister and Kinky Kylie. ButPHOTOS: AFP, REUTERS; PHOTOS: REUTERS - 590 words
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Advertisement36 2012-03-17 12 / 13 HOME NEE i-— -—j Got a sinking feeling about problematic leak? Call in the experts. To find out more, turn to CLASS 118 in CATS Classified in The Straits Times now. WATS BUY IT-SELL IT-FIND IT36 words
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Advertisement903 2012-03-17 12 / 13 wine&dinewith BTWeekend Chatterbox Level 5, Mandarin Orchard Singapore 333 Orchard RoadZ6831 6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with a refreshing903 words
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