The Business Times, 4 April 2012

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Total Pages: 36
1 36 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, April 4, 2012
    25 words
  • 659 1  -  Tanah Merah club admits lapses in procedures, pays $80,000 in damages By GRACE LEONG [SINGAPORE] Tanah Merah Country Club threw in the towel and admitted to lapses in safety and emergency procedures that led to the death of golfer and lightning victim
    FILE PHOTO  -  659 words
  • 867 1  -  MAS ending scheme allowing those who parked $10m here to fast-track applications By JAMIE LEE [SINGAPORE] The Monetary Authority of Singapore (MAS) will roll up and put away one red carpet for rich foreigners aiming for permanent residence (PR) here, amid criticism of
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  • MARKETS DIGEST
    • 109 1 US$ S$ US$ (S$ per US$) 1.251 (US$/S$ per 1.603 2.005 EURO (US$/S$/E) 1.334 1.669 Foreign currency per US$ S$ YEN 82.00 65.60 RM 3.047 2.435 HK$ 7.765 6.207 BAHT 30.81 24.63 RUPIAH 9,147 7,312 RENMINBI 6.298 5.034 INDIAN RUPEE 50.56 40.41 A$ 0.962 0.769 NZ$ 1.214 0.971 KL
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    • 18 1 SINGAPORE 5.38 MALAYSIA HONG KONG 6.55 5.00 INDONESIA 14.702 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg
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  • Page 1 Advertisements
    • 156 1 PHONE HACKING SCANDAL James Murdoch steps down as BSkyB chairman PAGE 23 BT ROUNDTABLE Global economy’s ups and downs PAGE 27 EXEC MONEY Exciting times for art investment PAGE 36 DBS’ DANAMON BID DBS shares down on planned buy I PAGE 3 Commentary: Any more Temasek holdings for DBS? I
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    • 12 1 TRANSPORT HUB 100 years of improving ship safety PAGE 24 *****1 *****4
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  • TOP STORIES
    • 458 2  -  Demand is now expected to creep back up in coming months By TEH SHI NING [SINGAPORE] A “fairly encouraging” purchasing managers’ index (PMI) in March augurs well for the manufacturing sector, with demand now expected to creep back up in coming months. Last
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    • 523 2  -  Power outages hit 11,500 households in two prefectures By ANTHONY ROWLEY By in Tokyo FREAK storms generating typhoon-like conditions hit Japan yesterday, killing at least two people, injuring more than 160 and heavily disrupting air and rail services, as winds of
      AP  -  523 words
    • THREE-MINUTE DIGEST
      • 72 2 THE Monetary Authority of Singapore will roll up and put away one red carpet for rich foreigners aiming for permanent residence here, amid criticism of the influx of immigrants and its impact on asset prices, sources have told BT. Wealthy foreigners who want their
        72 words
      • 51 2 A “FAIRLY encouraging” purchasing managers’ index in March augurs well for the manufacturing sector, with demand now expected to creep back up in coming months. Last month’s PMI reading of 50.2 slipped from February’s 50.4 but remained in the expansion zone for a second straight
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      • 46 2 DBS GROUP fell to its lowest level in more than six weeks on the stock market, a day after announcing its $9.1 billion bid for Bank Danamon Indonesia while the latter surged to a high in more than a year.
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      • 51 2 ANALYSTS did not have to wait long for another semisubmersible rig order to appear on the horizon. Sembcorp Marine subsidiary Jurong Shipyard yesterday confirmed it will build a harsh environment ultra-deepwater semisub for a 74 per cent owned Seadrill subsidiary, North Atlantic Drilling, for US$568
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      • 62 2 NEW orders for US factory goods rebounded in February and firms increased orders for capital goods, suggesting manufacturing held on to some momentum early in the year. The Commerce Department said yesterday new orders for manufactured goods rose 1.3 per cent, just below the
        62 words
    • 777 2  -  Law on Americans’ overseas accounts starts next year By GENEVIEVE CUA [SINGAPORE] The US government’s effort to use foreign financial institutions (FIs) to crack down on tax evasion by its citizens is causing a flurry of activity among FIs
      777 words
    • 44 2 IN yesterday’s report, “DBS buying 14.2% AFG stake, eyes bigger slice”, our subheading was incorrect. Bank Negara Malaysia had only given approval to DBS for discussions for an indirect 14 per cent stake in Alliance Financial Group. We are sorry for the error.
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    • 694 3  -  Target Indonesian bank’s stock price soars on news of DBS interest DBS’ DANAMON BID By EMILYN YAP [SINGAPORE] DBS Group fell to its lowest level in more than six weeks on the stock market, a day after announcing its $9.1 billion bid for Bank
      Source: Bloomberg  -  694 words
    • 338 3  -  By RONNIE LIM [SINGAPORE] Singapore where Norway’s Renewable Energy Corporation has its newest and most competitive $2.5 billion integrated plant has not been spared the bleeding in the global solar cell business. REC is said to have retrenched close to
      338 words
    • 774 3  -  COMMENTARY By CONRAD TAN WHILE DBS Group’s takeover of Indonesia’s Bank Danamon is seen as a coup for the Singapore bank, Temasek Holdings looks like an even bigger winner in this deal. DBS has offered to pay Temasek 45.2 trillion rupiah (S$6.2 billion), in
      774 words
  • Page 2 Advertisements
    • 517 2 KPMG Seminar Series Financial Reporting Standards 2012 Update KPMG Seminar Series Date Thursday, 10 May 2012 Let KPMG help you cut through the complex web of accounting developments. Join our upcoming seminar to gain a comprehensive update on the changes in accounting requirements with a focus on practical implications of
      517 words
    • 17 2 FRONT PAGE TOP STORIES, PAGE 2 TOP STORIES, PAGE 3 COMPANY NEWS, PAGE 4 WORLD, PAGE 23
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    • 8 2 US Fatca tax law gains acceptance, Page 29
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  • COMPANY NEWS
    • 695 4  -  Soup profers figure which can be basis for buyout of either party’s stake in YES By JOYCE HOOI AS legal proceedings against Soup Restaurant Group (Soup) were put on hold yesterday, the ball was placed in the court of the plaintiffs the
      695 words
    • 375 4  -  By LYNN KAN ANALYSTS did not have to wait long for another semisubmersible rig order to appear on the horizon. Sembcorp Marine subsidiary Jurong Shipyard yesterday confirmed it will build a harsh environment ultra-deepwater semisub for a 74 per cent owned Seadrill subsidiary,
      375 words
    • 374 4  -  By KELLY TAY MAINBOARD-LISTED companies Koh Brothers Group Ltd and United Engineers Ltd (UEL) have jointly won a $54.6 million contract from the Public Utilities Board (PUB) for the construction of a used-water lift station at the Jurong Water
      374 words
    • 343 7  -  The vessel can carry out operations in water depths of more than 1,000m By EDWIN LOH KEPPEL Singmarine has delivered its first new generation rock dumping fall pipe vessel to Dutch client Royal Boskalis Westminister NV without safety incidents, earning a $25,000
      343 words
    • 269 7  -  It will manage contracts for S’pore Navy submarines By JAMIE LEE ST Engineering’s marine arm, ST Marine, has teamed up with a long-time partner, Swedish Kockums, to form a joint venture company worth $1 million that would cement their working relationship over the Republic
      269 words
    • 276 7 Reuters [HONG KONG] Singapore’s Temasek Holdings and private equity firm RRJ Capital bought nearly half of the shares in the US$1.34 billion offering by PetroChina Co’s unit Kunlun Energy Co Ltd, two sources with direct knowledge of the deal said yesterday. Temasek and
      Reuters  -  276 words
    • 264 7  -  By AMANDA EBER JAPAN Foods Holding hopes to improve the supply and quality of its noodles with the establishment of a $450,000 noodle production facility at Kampong Ampat in Singapore. The new facility, which will allow Japan Foods to produce about 2.5 million
      264 words
    • 586 9  -  Gencos open to joining buyers’ pool to vie for LNG aggregatorship By RONNIE LIM MORE competitively priced LNG feedstock for generation companies and industries here that’s what industry players hope to see from future procurement of liquefied natural gas, with this trickling
      586 words
    • 564 9  -  By LIM WEI SHENG INDONESIAN palm oil producer Bumitama Agri has launched its initial public offering (IPO) for a listing on the Singapore Exchange mainboard, pricing its shares at 74.5 cents each, at the top of its 67.5-74.5 cents indicative range.
      564 words
    • COMPANY BRIEFS
      • 70 9 TRADING volume on the Singapore Mercantile Exchange (SMX) has jumped more than 20 times to 865,249 contracts in the first quarter of 2012, from 37,088 contracts traded in the corresponding period a year ago. SMX said it experienced growth in the trading
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      • 58 9 NERA Telecommunications has received purchase orders worth about $22.7 million from telecom operators for the supply and maintenance of IP network equipment. Additionally, its associated company, Nera (Malaysia) Sdn Bhd, has received purchase orders worth $4.8 million from a cellular operator for the supply,
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      • 56 9 DBS Bank became the first bank in Singapore to offer application-based mobile banking (mBanking) electronic securities application (ESA) service. “With the mBanking ESA service, our customers will be able to subscribe to IPOs from their mobile phones,” said Sandeep Lal, head of
        56 words
      • 71 9 WEIYE Holdings said it has injected a total of US$53.32 million into two of its wholly-owned subsidiaries Great Spirit Management Limited and Goldbest Creation Ltd. It has increased the issued and paid-up share capital of Great Spirit by US$27.87 million, raising it to US$27.92
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      • 42 9 GOODLAND Group’s wholly owned subsidiary, Goodland Investments Pte Ltd, has exercised an option to purchase a freehold property for $1.75 million. The property has a land area of 187.8 sq m, which Goodland intends to develop.
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      • 66 9 FORELAND Fabrictech Holdings said that due to prevailing market conditions, it is unable to determine a practicable timetable for the proposed dual primary listing of its shares on the Korean Exchange. “The board is of the view that it must exercise prudence in
        66 words
      • 68 9 KEPPEL Corporation has priced the issue of $300 million worth of senior notes that are due 2027. The notes will initially bear a fixed coupon of 3.8 per cent per annum with interest payable semi-annually. If the notes are not redeemed on the interest
        68 words
  • Page 4 Advertisements
    • 123 4 Here your Property Catch up on the latest in local, overseas and commercial/ industrial property news, and get practical advice and insights. ’s how to make money grow BTINVEST.COM.SG ONE-STOP PORTAL TO INVESTMENT SUCCESS Markets Get expert market advice and the latest news on stocks, unit trusts, alternative investments and
      123 words

  • Page 5 Advertisements
    • 730 5 Public Offer Opens! Offer Closes at 12 noon on April 10, 2012. Apply Now! Bumitama Agri Ltd. (Registration Number: *****6741R) (Incorporated in the Republic of Singapore) ExcellenceThroughDiscipline ABOUT BUMITAMA AGRI LTD. WHY INVEST IN US? Our significant cultivable land bank with new planting potential A young and fast-growing producer of
      730 words

  • SINGAPORE MARKETS
    • 595 6  -  Top 20 active stocks mostly priced below 3 cents; DBS takes a hit on Danamon buy in heavy trading STOCKS R SIVANITHY Senior Correspondent Rotational punting of penny stocks continued yesterday, with new sub-5 cents being churned by a market apparently bereft of ideas. The
      Source: Bloomberg  -  595 words
    • 4 6 DAILY
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    • 63 6 Apr 3 VALUE CLOSE BT OB/OS -96.00 BT CADI -*****.00 -31.00 BT 10-day MA -*****.00 FTSE ST Mid Cap 698.50 +0.69 FTSE ST Small Cap 471.06 -0.17 FTSE ST All Share 730.42 -0.11 FTSE ST China Top 229.44 +0.61 FTSE ST China 256.01 FTSE ST Catalist 954.61
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    • 55 6 VOLUME JEL Corp 334,816,000 HLH Grp 236,448,000 MDR 164,481,000 ChinaESave 99,203,000 Sunmoon 90,559,000 IPCO Intl 88,711,000 TopGlobal 79,686,000 Golden Agri 79,504,000 NexGenSCom 65,867,000 Vashion 60,393,000 VALUE($) DBS Grp 355,993,940 UOB 83,431,810 Genting SP 77,093,905 Golden Agri 63,481,140 OCBC Bk 56,875,380 SingTel 52,534,257 Keppel Corp 36,716,570 CapitaLand 35,737,790
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 9 3 0 0 0 4 9 3 Manufacturing 44 56 43 9 5 8 53 61 51 Commerce 25 19 23 1 2 5 26 21 28 Tpt/Stor/Comms 15 16 10
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    • 119 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,265 18,265 57,148 57,148 Manufacturing 319,379 242,076 561,455 207,762 3,322 211,084 Commerce 553,639 4,505 558,144 94,785 270 95,055 Tpt/Stor/Comms 113,230 22,187 135,417 150,169 5,115 155,284 Finance 49,132 49,132 512,590 512,590 Construction 404,101 179,271 583,372 28,499
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    • 111 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.645 CapitaLand 3.140 +0.030 CapitaMall 1.820 +0.005 CityDev 11.070 -0.100 ComfortDelGro 1.545 -0.005 DBS Grp 13.790 -0.390 F&N 6.660 -0.100 GLP 2.180 -0.030 Genting SP 1.690 -0.015 Golden Agri 0.795 HK Land 5.910 -0.010 JMH 51.250 +0.840
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    • 378 6 CURRENCIES AFP [TOKYO] The US dollar eased in Asian trade yesterday while the euro was under pressure against the yen, as weak eurozone manufacturing data raised concerns about the state of the bloc’s economy. The greenback slipped to 81.95 yen in Asian trade, compared
      AFP; BLOOMBERG  -  378 words
    • 459 6 Tiger Airways (S$0.76) Still languishing Bearishness pervades with the stock languishing below the descending trendlines, hovering between the 50d- and 200d-EMA. This trend could persist in the near term with the RSI negatively oriented. A penetration of the $0.74 (50d-EMA) support area will herald
      459 words
    • 111 6 BY CENTS CLOSE UP Lyxor Indonesia10US$ 9648 297.7 2.5 DBXT MSKorea 10US$ 6023 228.9 3.1 GLD 10US$ ***** 123.8 0.6 JMH 5125 105.1 1.7 DBXT FTVietnam 10US$ 2426 63.8 2.1 DBXT FTChina25 10US$ 2770 53.8 1.6 JSH 3170 51.3 1.3 DBXT MSINDO 10us$ 1573 48.8 2.5 Lyxor China H
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    • 132 6 BY CENTS CLOSE DOWN STXPO 100 823 -115.0 -12.3 DBS Grp 1379 -39.0 -2.8 DBS.ES.1204 1380 -38.0 -2.7 DBXT S&P Short 10US$ 3658 -37.5 -0.8 CityDev.ES.1204 1114 -18.0 -1.6 IS LC BND 100US$ 1005 -17.5 -1.4 DBS Bk 4.7% NCPS 100 ***** -11.0 -0.1 CityDev 1107 -10.0 -0.9 F&N
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    • 5 6 DAILY
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  • Page 7 Advertisements
    • 178 7 1 VP**” r i .«s 5*. k„ In Singapore, data flow improves traffic flow. One of the most densely populated countries in the world, Singapore faced a significant challenge on their streets. Working with IBM, the Singapore Land Transport Authority implemented a system that uses sensors to collect real-time data
      178 words

  • Page 8 Advertisements
    • 686 8 DIRECTORS The directors who served since the date of the last report and the date of this report are: Tan Sri Dato' Megat Zaharuddin bin Megat Mohd Nor Date' Mohd Salleh bin Hj Harun Dato’ Sri Abdul Wahid bin Omar Tan Sri Datuk Dr Hadenan bin A. Jalil Dato' Seri
      686 words

  • Page 9 Advertisements
    • 188 9 Economy Class Business Class You’re a cut above the rest. Now even your savings come with higher returns. Are you? Enjoy the fruits of your success with iSAVvy Savings Account. With interest rates of up to 0.50% p.a. and complimentary travel insurance*, we’ll make the most of your savings. For
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  • SINGAPORE NEWS
    • 673 10  -  It’s the best way to meet growing competition, create new opportunities Reports by CHUANG PECK MING in Phnom Penh AS he pressed for greater Asean economic integration yesterday at the Asean leaders’ meeting, Prime Minister Lee Hsien Loong said Singapore companies also
      673 words
    • 377 10 ASEAN leaders yesterday called for a redoubling of efforts to realise the integrated Asean Economic Community (AEC) by 2015, according to a document released yesterday. To transform the 10nation bloc into a “highly competitive region” with a single market and production
      377 words
    • 500 10  -  By KALPANA RASHIWALA FOLLOWING last Friday’s strong reception to Oxley Tower’s preview, where retail units sold like hot cakes, the developers of EON Shenton, too, began previewing their project on Monday evening. Some of EON Shenton’s shop, office and apartment units had to
      500 words
    • 181 10 FIVE years after its blueprint was produced, the Gardens by the Bay are finally set to come to life. The National Parks Board yesterday said that Bay South Garden will be accessible to the public from June 29, a day after its official
      181 words
    • 716 10  -  By MICHELLE TAN SINGAPORE is now the world’s fourth most expensive place in terms of prime warehouse rents, rising two spots during the second half of 2011, according to Colliers International. This happened despite rentals growing more slowly than in the past. Rents
      716 words
    • 481 10  -  By MINDY TAN A 99-year leasehold executive condominium site at Fernvale Lane yesterday drew a top bid of $245 million, or $295.60 per square foot per plot ratio (psf ppr). The top bid, which was put up by Peak Living, a subsidiary
      481 words
    • 381 10  -  By VICTORIA HO WORKING from home may be more common in future. The Infocomm Development Authority (IDA) has invited companies to collaborate and conduct pilot trials on home-based work and smart work centres, with the aim of assisting workers who can’t report to an
      381 words
    • 288 10  -  By LEE U-WEN THE strong investment that Singapore has poured into developing the Institute of Technical Education (ITE) over the years has borne much fruit, said Deputy Prime Minister and Home Affairs Minister Teo Chee Hean yesterday. The ITE has become a
      288 words

  • Page 11 Advertisements
    • 577 11 SUNTEC SINGAPORE CONVENTION EXHIBITION CENTRE LEVEL 4, EXHiBITION HALL 401 10aM 7pm 7th-8thAPR 2012 Attend Trading Workshops by Industry Experts Chan Yan Chong 曾 Bert Antonik Dr. John Clayburg FREE ADMISSION Keynote Presentations by Popular Investment Speakers Richard Duncan Equities, Forex, Technical Analysis Strategies, Platform Immersion and Personal Trading Plan
      577 words

  • ECONOMY WATCH
    • 545 12 Aussie dollar slips; retail sales rise even less than modest forecasts in Feb Reuters [SYDNEY] Australia’s central bank opened the door wide for a rate cut in May even as it held rates steady at 4.25 per cent
      Reuters  -  545 words
    • 352 12 But country still faces tough path back to healthy growth: British Chambers of Commerce Reuters [LONDON] Britain’s economy staged a modest rebound in the first three months of 2012, helped by strong overseas demand, but the country still faces a tough path back
      Reuters  -  352 words
  • Page 12 Advertisements
    • 3392 12 WILMAR INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****4785Z) NOTICE OF ANNUAL GENER AL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Jurong Room, Lobby Level, Shangri-La Hotel, 22 Orange Grove Road, Singapore *****0 on Friday, 27
      3,392 words

  • MALAYSIA/INDONESIA
    • 374 13  -  Danamon deposit franchise, corporate and commercial areas need work DBS’ DANAMON BID By EMILYN YAP [SINGAPORE] At the heart of Bank Danamon Indonesia’s business is the retail client. While acquiring the bank would give DBS Group a considerable presence in Indonesia’s consumer banking
      Source: Bank Danamon's financial statements  -  374 words
    • 463 13 Reuters [JAKARTA] Lawmakers from two of Indonesia’s most powerful political parties yesterday voiced opposition to DBS Group’s bid to take over local lender Bank Danamon. They said they wanted to bar heavy foreign ownership of local banks, but at the same time signalled they may
      Reuters  -  463 words
    • 422 13 It is worried about property prices causing a bubble Bloomberg [KUALA LUMPUR] Malaysia is taking “strict measures” to avoid a US-style sub-prime mortgage lending crisis after reporting an average 6.6 per cent jump in home prices in the fourth quarter of last year,
      Bloomberg  -  422 words
  • Page 13 Advertisements
    • 238 13 AN EVENT OF ASIA r FASHION x EXCHANGE ASIA FASHWON SUMMIT 9 U: O 15-17 MAY 2012 ENGAGING THE ASIAN FASHION CONSUMER Raffles City Convention Centre For over 3 days the fashion world's thinkers leaders and enterpreneurs will gather in Singapore for the 3rd Asia Fashion Summit to discuss the
      238 words
    • 35 13 Till Junk foods and red meats may contain high levels of trans and saturated fats which build up in your liver. Over time, it may weaken your liver functions. Health news from B LIVE WELL
      35 words

  • GREATER CHINA/INDIA
    • 548 14 Probe won’t affect business decisions at Asia’s largest developer, they say Reuters [HONG KONG] The billionaire brothers and co-chair-men of Hong Kong developer Sun Hung Kai Properties Ltd denied any wrongdoing and insisted it was business as usual yesterday, in their first public appearance
      Reuters; REUTERS  -  548 words
    • 401 14 Bloomberg [SAN FRANCISCO] Employees of Tata Consultancy Services, Asia’s largest software services provider, who were sent to work in the US from India won a judge’s permission to sue as a group over a wage dispute in California.
      Bloomberg  -  401 words
    • 491 14 Reuters [BOAO, China] China may look to deregulate overseas investment rules for private investors, the country’s central bank chief said yesterday, less than a week after the government gave the go-ahead for pilot financial reforms in a coastal city. China’s State Council, or
      Reuters  -  491 words
    • 406 14 Bloomberg [BEIJING] China’s economy may have expanded about 8.4 per cent in the first quarter, the least since the first half of 2009, according to an estimate given by an official 10 days before the data are due. Zhang Xiaoqiang, vice
      Bloomberg  -  406 words
  • Page 14 Advertisements
    • 1719 14 UNITED FOOD HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Company Registration Number: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of UNITED FOOD HOLDINGS LIMITED (“the Company”) will be held at Empress Ballroom II, Carlton Hotel Singapore, 76 Bras Basah Road, Singapore
      1,719 words

  • WORLD
    • 608 15 American economy enters ‘a sweet spot’ even as Europe slides into recession and China’s growth slows Bloomberg [WASHINGTON] The United States once again may be emerging as a main engine for global growth and at an opportune time, as Europe slides into
      Bloomberg  -  608 words
    • 475 15 Bloomberg [NEW YORK] Markets for equities, bonds and currencies are the calmest they’ve been since 2007, and that’s making some investors nervous. Options that protect against Standard Poor’s 500 Index losses plunged 64 per cent in the last two quarters, the most ever, data
      Bloomberg  -  475 words
    • 299 15 Bloomberg [WASHINGTON] Privateequity (PE) executives, who spent millions of dollars successfully fighting efforts to raise taxes on their investment profits, may not escape a new 3.8 per cent levy in President Barack Obama’s healthcare law. The overhaul enacted two years ago includes
      Bloomberg  -  299 words
    • 704 16 Prices could drop as much as 10% as properties decayed while held in reserve Bloomberg [BOSTON] As many as 1.25 million of America’s least cared for homes are headed for auction after a year-long probe into foreclosure practices kept them off the
      Bloomberg  -  704 words
    • 600 16 NYT [NEW YORK] The future of Avon Products, the 126-year-old fixture of American cosmetics, looked cloudier on Monday after Coty unveiled a US$10 billion takeover offer for the struggling company known for its army of door-to-door sales representatives. Now, Avon which already
      NYT; REUTERS  -  600 words
    • 243 16 Bloomberg [HOUSTON] Dow Chemical Co, the largest US chemical maker, will close or idle five factories, cancel some investments and cut 900 jobs because of the European economic crisis. The closures are expected to occur within two years and will save about US$250 million
      Bloomberg  -  243 words
    • 352 16 Reuters [LONDON] English wine producers are eyeing 2012 as the year home-grown wine, especially sparkling varieties, could become a mainstream product as retailers throw their weight behind it to coincide with Queen Elizabeth’s Diamond Jubilee. Over the past decade improving quality,
      Reuters  -  352 words
    • 171 16 AFP [BOAO, China] Outgoing World Bank president Robert Zoellick yesterday gave his backing to a new development bank proposed by the leaders of the BRICS emerging countries. Mr Zoellick said the World Bank would be prepared to work with the new financial institution, which was
      AFP  -  171 words
    • 598 20 It received partner offers from ‘more than three’ parties, may decide in May Bloomberg [TOKYO] Olympus, the Japanese camera maker that admitted to a 13-year cover-up of investment losses, said it received capital alliance offers from Sony, Fujifilm Holdings and Terumo Corp. Olympus got
      Bloomberg  -  598 words
    • 658 21 The cost of running a fund manager has soared in recent years Reuters [LONDON] A raft of un-coor-dinated reforms demanded by the United States, the European Union (EU) and Britain threatens to shrink Europe’s investment industry to a handful of huge players, denting
      Reuters  -  658 words
    • 718 21 A commitment to innovation driving their success Renters [TOKYO] When Yusaku Maezawa quit playing drums in a punk band to devote himself full-time to his business selling Tokyo street fashion on the Internet, his main goal was to have fun. Twelve years later,
      Renters; REUTERS  -  718 words
    • 304 21 Reuters [LONDON] Against a weak economic backdrop, brands in Britain spent almost £5 billion (S$10 billion) advertising online in 2011, with video ads and marketing on social media platforms driving growth to its biggest increase in five years. The study from the Internet Advertising
      Reuters  -  304 words
    • 622 22 Growing China market and new TV product will help it meet target, says analyst Bloomberg [SAN FRANCISCO] Apple Inc, already the world’s most valuable company, will see its stock price reach US$1,001 within 12 months, lifted by growth in China and the
      Bloomberg; REUTERS  -  622 words
    • 557 23 New orders for durable goods rise 2.4%; this is higher than initial estimate LATEST US DATA Reuters Bloomberg [WASHINGTON] New orders for US factory goods rebounded in February and firms increased orders for capital goods, suggesting manufacturing held on to some momentum early
      Reuters; Bloomberg  -  557 words
    • 566 23 Allegations by US futures regulator absurd: Canada bank Reuters [WASHINGTON] The US futures regulator has accused the Royal Bank of Canada (RBC) of running a “trading scheme of massive proportion” to gain lucrative Canadian tax benefits. The Commodity Futures Trading Commission’s (CFTC) civil
      Reuters; BLOOMBERG FILE PHOTO  -  566 words
    • 305 23 Bloomberg [SAN FRANCISCO] Cisco Systems Inc said it will spend more than one billion reais (S$685 million) in Brazil in the next four years to boost manufacturing in the South American nation and step up investment in local start-ups. The projects
      Bloomberg  -  305 words
    • 375 23 Bloomberg [MADRID] Spain’s public debt will rise to a record this year as it sells almost 37 billion euros (S$62 billion) of bonds to finance a budget deficit that was more than twice the eu-ro-region limit last year. Total borrowing will
      Bloomberg  -  375 words
    • 495 23 Bloomberg [LONDON] James Murdoch, News Corp’s deputy chief operating officer, stepped down as chairman of pay-TV company British Sky Broadcasting Group plc (BSkyB) following demands he resign over his role in a UK phone-hacking scandal. Senior independent director Nicholas Ferguson will replace Mr Murdoch,
      Bloomberg; AFP FILE PHOTO  -  495 words
    • 278 23 Pictet-Absl Rtn Glo Cons-P EUR 30.03.2012 EUR 102,87 Pictet-Absl Rtn Glo Div-P EUR 30.03.2012 EUR 116,23 Pictet-Asian Equities Ex Japan-P USD 30.03.2012 USD 170,44 Pictet-Asian Local Currency Debt-P USD 30.03.2012 USD 147,05 Pictet-Biotech-P USD 30.03.2012 USD 322,76 Pictet-Clean Energy-P USD 30.03.2012 USD 65,98 Pictet-Digital Communication-P USD 30.03.2012 USD 146,62
      278 words
  • Page 15 Advertisements
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    • 23 15 PROTECT YOUR LIVER Usual: $109.95 Protect your liver with LAC Activated Liver Protector $55for 2nd box MAHS*****94 MAHP*****09 6281 5688 or 6757 4403
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  • Page 16 Advertisements
    • 1246 16 CSE GLOBAL LIMITED (Company Registration No. *****3851D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CSE Global Limited (“the Company”) will be held at The Guild,The National University of Singapore Society, Suntec City Guild House, 3 Temasek
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  • Page 17 Advertisements
    • 508 17 NIPPECRAFT LIMITED (incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING To All Shareholders NOTICE IS HEREBY GIVEN that an Annual General Meeting of the Company will be held at 9 Fan Yoong Road, Singapore *****7, on Friday, 27th April 2012, at 10:00 a.m. for the following purposes:
      508 words
    • 2925 17 JLJ HOLDINGS LIMITED (Company Registration No. *****4797H) (Incorporated in the Republic of Singapore on 18 March 2009) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of JLJ HOLDINGS LIMITED (“the “Company”)will be held at No. 2 Woodlands Sector 1, #01-35 Woodlands Spectrum 1, Singapore
      2,925 words

  • Page 18 Advertisements
    • 2343 18 SINO CONSTRUCTION LIMITED (Incorporated in the Republic of Singapore) Company Registration No: *****3299H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Crowne Plaza Hotel Changi Airport at 75 Airport Boulevard Level 2 Singapore *****4 on 23 April
      2,343 words
    • 2157 18 CHANGTIAN PLASTIC CHEMICAL LIMITED (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Changtian Plastic Chemical Limited (the “Company”) will be held at Raffles City Convention Center, Enterprise Room, No. 2 Stamford Road, Singapore *****2 on Friday, 27 April 2012 at
      2,157 words

  • Page 19 Advertisements
    • 2241 19 SINGAPORE REINSURANCE CORPORATION LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0016C NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Ninth Annual General Meeting of the Company will be held at Leo Capricorn, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore *****4
      2,241 words
    • 2476 19 GMG GLOBAL LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****4244E) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GMG GLOBAL LTD (the “Company”) will be held at Mandarin Oriental Singapore, Oriental Ballroom 1, Lobby Level, 5 Raffles Avenue,
      2,476 words

  • Page 20 Advertisements
    • 3893 20 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices (Q) CHEMOIL NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Chemoil Energy Limited (“the Company”) will be held at The Guild, NUSS Suntec City Guild House, 3 Temasek Boulevard, #05-001, Suntec City Mall, Singapore *****3
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  • Page 21 Advertisements
    • 224 21 THE BUSINESS TIMES “A CHORUS LINE” CONTEST i SEVENTEEN uaimUERS. EIGHT SHUTS. ONE DREAM. I HE CLASSIU BHUAUWAY MUSICAL HUR A NEW GENEHAIIUN u i i OPENS MAY 2012. FOR A LIMITED SEASON ONLY! Following a sold-out season in Australia, A Chorus Line is set to enthral Singapore audiences with
      224 words

  • Page 22 Advertisements
    • 2012 22 KATS3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices BUND CENTER INVESTMENT LTD (Incorporated in Bermuda) (Company Registration Number: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Bund Center Investment Ltd (the “Company”) will be held on Monday, 23 April 2012 at 3.00
      2,012 words
    • 1471 22 STATS ChipPAC Ltd. (Incorporated in the Republic of Singapore) (Company Registration Number *****7932D) Notice of Eighteenth Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Eighteenth Annual General Meeting (the “Annual General Meeting”) of STATS ChipPAC Ltd. (“STATS ChipPAC”) will be held at The Grassroots’ Club, 190 Ang Mo Kio
      1,471 words
    • 600 22 IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF INVENSYS SINGAPORE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****2250D NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION 179(6)
      600 words
    • 246 22 NOTICE TO CREDITORS OF FIRST MEETING IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF CPD OILWELL INTERNATIONAL PTE. LTD. (IN LIQUIDATION) CO. REG. NO. *****4985D COMPANIES WINDING UP NO. 143/2011/E Notice is hereby given that the first meeting of the creditors of the abovenamed
      246 words

  • Page 23 Advertisements
    • 11 23 CATS Recruit The first step on your ladder to success CLA/AUG06/g
      11 words
    • 134 23 9-Nights Exotic Asia Fly Cruise >1 728* 331 Singapore Departure: June 11 r (All taxes fees) Ports-of-call: Vietnam, Hong Kong (Over Night), Xiamen, Shanghai Full day Shanghai city tour with lunch dinner one way air ticket from Shanghai to Singapore on Cathay Pacific one night post cruise stay at Royal
      134 words

  • TransportHUB
    • 996 24  -  Since the sinking of the Titanic in 1912, ships are now safer but there are still key challenges for the industry STRAIT TALK By DAVID HUGHES IT is of course ironic that in the run-up to the 100th anniversary of the sinking of the
      AFP  -  996 words
    • 327 24 Reuters [LONDON] Tanker rates for refined petroleum products on top export routes were steady on Monday, with modest sailings helping to support the long-range Middle East market. Typical Long Range 2, 75,000 tonne shipments on the Middle East Gulf to Japan route stood at
      Reuters  -  327 words
    • 259 24 SGX '000 Apr 3 S$ +/-Vol CH Offshore 0.39 -0.01 226 Chuan Hup Hldg unch unch 0 Cosco Corp 1.15 -0.01 5764 S$ Ezra Hldgs 1.17 0.01 ***** First Ship Lea 0.22 unch 464 Freight Links 0.07 unch ***** Grand Banks unch unch 0 Jaya Hold Ltd 0.56
      259 words
  • Page 24 Advertisements
    • 989 24 *1 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices DEBAO PROPERTY DEVELOPMENT LTD. (Incorporated in The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Debao Property Development Ltd. (the "Company") will be held at Level 2, Suntec City, 1 Raffles
      989 words
    • 128 24 Learn about investment through the Updated on a weekly basis Understand the meaning of various financial terminologies (such as “Dividend Payout Ratio” and “Stock Beta”) and how to use them Learn the basics of investing in shares Make sense out of all the financial mumbo-jumbo by visiting blog.shareinvestor.com Scan QR
      128 words
    • 55 24 3IN1 10 HOTTEST MEN IN ASIA •NUYOU EXPRESS BSHSB TOD'SlSejJ* VMHUtW if »l+WCT r; MANTES 95ABBOXERS ttKMAN Tta/ T. kW COLOUR SPLASH RJNKS ssasajsiEBSfa BONUS express ’•A 4 sc W nuYoo EXPRESS TOD’S FASHION BOOKLET FREE MY DAILY DOSE SERUM gWITH APRIL ISSUE i a«;t •WHILE STOCKS LAST •EXCLUSIVELY AT
      55 words

  • TRANSPORT HUB: AVIATION
    • 531 25  -  But overall numbers distorted by one-off events, such as Arab Spring in 2011 By VEN SREENIVASAN [SINGAPORE] Global passenger and air cargo traffic growth improved in February, though some of this was due to distortions arising from one-off events during the month. The
      AFP  -  531 words
    • 454 25  -  By PAULINE NG in Kuala Lumpur MALAYSIA Airlines (MAS) has scrapped plans for a separate premium regional carrier, opting to keep its current set-up in a turn-around programme designed to bring it back to profitability. “As for the new entity announced earlier, there
      454 words
  • Page 25 Advertisements
    • 43 25 91.3FM LIVE CHARTS Ohre Your Heart a Break MA Thousand Years CMsUiaferrt 4s Sommer Paradise SinptePbn TOTS BEST MKC Q \V wJ WM v v DOWNLOAD THE NEW 31.3FM APP NOW! V hji 0 0 0 JSSBRytSinglish UPJPf»± M Knratfrfc? yzone.omy.sg www.omy.sg showbiz.omy.sg
      43 words
    • 469 25 a* notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices GMG GLOBAL LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****4244E) (the “Company”) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Extraordinary General Meeting of the Company will be held at Mandarin Oriental Singapore, Oriental Ballroom 1,
      469 words
    • 1144 25 BAKER Technology UmUed^= BAKER TECHNOLOGY LIMITED (Unique Entity Number *****0637D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Baker Technology Limited (the “Company”) will be held at Nautica II, Level 2, Republic of Singapore Yacht Club, 52
      1,144 words
  • Page 25 Miscellaneous
    • 317 25 CRYPTIC CROSSWORD Across 1 Second child loves Latin here presumably (6) 5 Stars seen after second drink and letters all mingled? (8) 9 Inelastic? Not a swishing whip (3-1-4-5) 10 Put off hell when given religious leaflet (8) 11 Unsmiling look shown in that grief (6) 12 Take back worker
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  • TRANSPORT HUB: LAND
    • 875 26 40% of its March sales achieved 30 miles per gallon, compared to 16% three years ago Reuters [DETROIT] General Motors Co passed an environmental milestone of sorts in March, when it became the first US automaker to sell, in a single month, more
      Reuters; AP  -  875 words
  • Page 26 Advertisements
    • 1205 26 WATO NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SOON LIAN HOLDINGS LIMITED Registration No. *****6295G (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2012 Annual General Meeting of the shareholders of the Company will be held at 35 Tuas Avenue 2 Singapore *****4 on
      1,205 words
    • 1223 26 ENERSAVE CHINA ENERSAVE LIMITED (Company Registration No. *****6776D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (the “AGM”) of the Company will be held at Katong Hostel Auditorium, 369 Tanjong Katong Road, Singapore *****6 on Thursday, 26 April
      1,223 words

  • BT ROUNDTABLE
    • 2960 27 Growth looks promising but possible oil price spike and an attack on Iran may throw everything into disarray GROWTH appears to be back on track in the US economy while China and the rest of emerging Asia still retain strong momentum even if Europe has
      2,960 words

  • EDITORIAL & OPINION
    • 464 28 EDITORIAL INSTANCES of investors being defrauded, which seem to happen with alarming frequency, serve as repeated reminders that all is not well with investor education in Singapore. The latest case is about an unlicensed financial advisor being sued by 17 of her clients for
      464 words
    • 796 28  - Europe must slash public debt increase tax revenue THE BOTTOM LINE ANDRES VELASCO The writer, a former finance minister of Chile, is a visiting professor at Columbia University for 2011-2012 Project Syndicate THE guardians of austerity in Europe are striking back. Their emerging narrative goes like this: When some economists
      Project Syndicate  -  796 words
    • 1095 28  -  Professionals should keep in mind several salient issues that are unique to the country By BASSKARAN NAIR The author is former head of corpora te communications at CapitaLand, and has extensive experience of public affairs work in China. He is also adjunct associate professor
      AFP  -  1,095 words
    • 1194 29  -  Often viewed as unilateral and favourable only to the US, the law is now seen as benefiting Asian governments as well By JIM CALVIN The writer is based in Singapore and is the Asia-Pacific Regional Leader for Fatca and also the global tax leader
      AFP  -  1,194 words
    • 827 29  -  By LOURDES ARANDA The writer is Mexican sherpa to the G-20 APPROXIMATELY 100 days ago, Mexico took over the presidency of the G-20. There still remain a similar number of days until the most important meeting of this presidency: The Summit which will take place
      827 words


  • SINGAPORE STOCKS
    • 2790 30 Transaction date: Apr 3 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 116.5 92.5 AIMSAMPIReit 116 +2 1035 116.5 114 116 116.5 1.7 11.7
      2,790 words
    • 213 31 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 0.6 0.2 t Advanced System 0.5 unch ***** 0.6 0.5 0.4 0.5 8.3 Last Quote Div Gr Yld Net M Cap High
      213 words
    • 7523 31 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond .0.9796/ Global Emerging Markets!*’ .1
      7,523 words
    • 189 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46 25.5 Genting HK US$ US38.5 -1 6033 39.5 38.5 38.5 39 2535 Last 205 168 TanChongInt HK196cd 191 196 4.3 3.6 6.6 3947.2 STOCK PRICES
      189 words
    • 894 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 100 CIMB APAC Div 100US$ US101 101.7 102.7 10.6 1261 856 CIMBAsean40 100US$ US1042xd +6 2 1042 1042 1040 1046 163.4 ***** ***** DBXT AUD
      894 words


  • FINANCE & COMMODITIES
    • 584 32 Apr 3 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.21 *****.07 *****.99 Jun12 *****.00 *****.00 *****.00 *****.00 *****2 *****6 Sep12 *****.00 *****.00 *****.00 *****.00 15 2549 MSCI TAIWAN INDEX FUTURES SPOT 281.54 282.90 277.15 Apr12 281.60 283.20 277.10 279.20 ***** *****1 May12 280.30 280.30
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    • 99 32 As on 02 April 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1684.70 1665.60 1679.90 349 CURRENCY AUD-USD FUT JUN2012 1.0347 1.0281 1.0348 4012 EUR-USD FUT JUN2012 1.3385 1.3293 1.3331 1008 BASE METAL COPPER FUT MAY2012 8648 8456 8644 3551
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    • 107 32 Apr 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1421.00 1403.00 1433.75 1406.50 Jul 12 1427.25 1408.25 1439.25 1411.00 Aug 12 1419.50 1400.50 1431.75 1407.75 Sep 12 1399.50 1376.00 1407.75 1383.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 56.16
      107 words
    • 76 32 CRUDE OIL PRODUCTS Apr 2 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 124.25 0.95 WTI (Near Mth) 105.35 2.20 Dubai (1-Mth F) 118.57 -1.41 Tapis blend 129.81 -0.38 Minas 129.81 -0.38 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 115.22 -1.45 Jet Kerosene 135.11 -0.43 US$/barrel OpecOil Basket
      76 words
    • 22 32 Apr 3 S$ Bid Offer 1-month 1.2509 1.2511 2-months 1.2508 1.2510 3-months 1.2505 1.2508 6-months 1.2495 1.2499 Source: OCBC
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    • 66 32 Apr 2 Apr 2 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2089.50 2087.00 3 months 2130.00 2126.00 Copper, Grade A(US$/tonne) Cash 8674.50 8474.50 3 months 8641.00 8445.00 Lead(US$/tonne) Cash 2060.00 2037.00 3 months 2062.00 2042.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
      66 words
    • 373 32 In local curr In S$ In US$ dy yr dy yr dy yr Apr 2 Index Change Change Change Change Change Change World Preliminary 924.3 0.7 11.4 0.6 8.2 0.8 11.9 EAFE Preliminary 752.9 0.9 10.4 0.8 7.5 1.1 11.2 Europe Preliminary 1111.6 1.3 8.3
      373 words
    • 80 32 Apr 2 COCOA (£/tonne) Close Prev High/Low May 12 1446 1462 1497/1445 Jul 12 1459 1476 1505/1457 Sep 12 1462 1482 1506/1460 Dec 12 1465 1485 1506/1459 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2036 2031 2044/2026 May 12 2050 2026 2058/2040 Jul 12 2067 2040 2075/2058 Sep 12 2068
      80 words
    • 1212 32 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 280 20.00 25 Baker Technology Ltd W*****6 2.6 -0.4 41 1 32 12 11.92 7 Best World Intl Ltd W*****5 2 1 30 75 9.15
      1,212 words
    • 470 32 Apr 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.030 6.548 0.779 8.073 52.560 95.097 0.853 11.667 3.167 1.263 94.109 44.398 1.301 7.941 0.938 30.633 32.032 0.649 1.040 Canada 0.971 6.358
      470 words
    • 48 32 Apr 3 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 0.***** 0.***** SWAP Mid rates (S$) 0.***** 12 mths 0.***** SWAP Mid rates (S$)
      48 words
    • 137 32 Apr 3 GOLD(US$/oz) Apr 02 Apr 03 Hong Kong 1673.50 1685.00 Apr 03 Mar 30 Apr 02 London 1663.30 1681.96 1664.30 1682.73 Source: Thomson Reuters GOLD BULLION COINS (S$) Selling Buying 1 oz 2349 2125 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $826.00 677 SILVER Selling Buying
      137 words
    • 91 32 Apr 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 05-Jul-12 0.30 0.23 0.23 1-Year BY*****W 01-Nov-12 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.2 100.24 100.24 5-Year N*****0Z 2.375 01-Apr-17 108.63
      91 words
    • 57 32 Apr 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 12 3590.0 3572.0 3598.0 3579.0 119 5541 May 12 3575.0 3541.0 3575.0 3551.0 2739 ***** Jun 12 3566.0 3533.0 3566.0 3533.0 ***** ***** Jul 12 3525.0 3501.0
      57 words
    • 154 32 Apr 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3004 1.3008 1.0396 1.0397 Canadian dollar 1.2625 1.2632 1.0093 1.0097 Euro 1.6691 1.6696 1.3343 1.3345 NZ dollar 1.0299 1.0304 0.8233 0.8236 Sterling pound 2.0046 2.0054 1.6025 1.6029
      154 words
    • 121 32 As at 9am Apr 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.336 1.273 Can dollar 1.288 1.239 Euro 1.701 1.636 Sterling pound 2.046 1.968 NZ dollar 1.062 1.012 US dollar 1.271 1.223 Local dollars to 100 units of foreign
      121 words
    • 161 32 Apr 3 $S Offer Bid 0vernight 0.01 par 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.23 0.13 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.90 0.70 9 months 1.05 0.85 12
      161 words

  • Page 33 Advertisements
    • 1200 33 The Business Times Shipping times n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Email: singapore@balisagp.com Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO TBN
      1,200 words
    • 715 33 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TAMERLANE FF213 16/03 19/03 22/03 28/03 02/04 08/04 ANIARA FF216 06/04 11/04 14/04 16/04 21/04 28/04 TIRRANNA FF217 13/04 17/04 20/04 22/04
      715 words

  • Page 34 Advertisements
    • 818 34 Shipping Times HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF CONTAINERS SERVICE TO TANZANIA, KENYA, MIDDLE EAST, IRAN, PERSIAN GULF, IRAQ, CIS, INDIA PAKISTAN HDM SERVICE Approx transit time ex-Singapore 8 D 9 D 14 D VESSEL~ VOY SIN PKG JEA BND BIK SAHAND~ HDM0121S~ 04 Apr 05 Apr~ 13
      818 words
    • 684 34 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY~ Ramp(KT)~ Lifting(KT)~ SIN~ PKL~ KUC~ KK~ JKT~ SUR WHITE CAMERON 7 06/04 08/04 11/04 GOLD MENAM 115 40 122 06/04 07/04 10/04 MALAYSIA STAR 11 50 12/04 15/04 18/04 GENIUS STAR II 41 60 13/04 16/04 OCEAN BLUE
      684 words
    • 446 34 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA I 04/12 06/04 08/04 BELITUNG/PKL BALAM VICTORY 6 06/12 07/04 09/04 JAMBI/PEKAN BARU SUN FLORA 08/12 09/04 11/04 PALEMBANG/PANJANG FAJAR MAS 03/12 06/04 08/04 BENGKULU/PADANG SIANIRI 03/12 09/04 11/04 BELAWAN/LHOKSEUMAWE SINOPA 05/12 10/04 12/04 SABANG/MALAHAYATI INDONESIA
      446 words

  • Page 35 Advertisements
    • 309 35 j t JF. JERRY LUM Snr Marketing Director, MBA, CES cea licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg Estate Agent Licence No L*****82K Whon You Buy. Ml. or Root World Class Trading Anytime, Anywhere Introducing SaxoTrader For iPhone® and Android 17:13 EURUSD Trade Market analysis Real-time data
      309 words

  • executive Money
    • 1072 36  -  Majority of the new buyers are from BRIC countries. TEH HOOI LING reports TEH HOOI LING PRICES of top art pieces will continue to grow, given the tremendous amount of globalisation taking place in the art world, said Viola Raikhel-Bolot, art design adviser for
      AP; FILE PHOTO  -  1,072 words
    • 1420 36 After rising to 2.4% in March, yield on 10-yr note will finish 2012 at 2.48%: poll Bloomberg [NEW YORK] The worst is over for the US$10 trillion US Treasury market following the biggest quarterly rout since 2010, say Wall Street’s largest bond
      Bloomberg  -  1,420 words
    • 1137 35 Pullback on slowing China growth and Goldman going neutral on raw materials Bloomberg INVESTORS have pared bullish commodity bets on signs of slowing growth in China and as Goldman Sachs cut its recommendation on raw materials. Hedge funds and other money managers reduced combined net-long positions
      Bloomberg; BLOOMBERG; ST FILE PHOTO  -  1,137 words
  • Page 36 Advertisements