The Business Times, 11 March 2013
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2013-03-11
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The Business Times
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Title Section25 2013-03-11 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SCCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, March 11, 201325 words
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1315 2013-03-11 1 MINDY TAN - Introduction of the seller’s stamp duty in Jan gives speculators pause By MINDY TAN [SINGAPORE] Speculative demand for industrial properties has eased, following the seventh round of cooling measures, arresting the problem of spiralling prices. According to data from SLP International, demand for strata factories1,315 words
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MARKETS DIGEST
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Article57 2013-03-11 1 Weekly Change ST INDEX 3,289.53 +20.03 KL COMP 1,653.96 +16.52 NIKKEI 225 12,283.62 +677.24 HANG SENG 23,091.95 +211.73 SET INDEX 1,566.92 +27.32 JAKARTA COMP 4,874.50 +62.89 MANILA COMP 6,833.77 +191.50 SEOUL COMP 2,006.01 -20.5 SHENZHEN B 826.99 -22.70 MUMBAI IND 19,683.23 +764.71 DOW 14,397.07 +307.41 NASDAQ 3,244.37 +74.63 S&P57 words
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Article20 2013-03-11 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA BRITAIN TAIWAN US JAPAN CANADA KOREA 9,33 BRITAIN Source: Bloomberg20 words
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Article49 2013-03-11 1 US$ S$ US$ (S$ per US$) 1.246 (US$/S$ per 1.500 1.868 EURO (US$/S$/E) 1.309 1.630 Foreign currency per US$ S$ YEN 95.40 76.60 RM 3.106 2.494 HK$ 7.757 6.228 BAHT 29.77 23.90 RUPIAH 9,685 7,776 RENMINBI 6.216 4.991 INDIAN RUPEE 54.36 43.65 A$ 0.975 0.783 NZ$ 1.210 0.97149 words
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Article485 2013-03-11 1 LYNN KAN - Khaw says any policy change will not drastically impact market By LYNN KAN [SINGAPORE] Will the HDB one day return to the policy where public flats can be sold only back to the board? Such a move is among several the government is looking at in485 words
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Page 1 Advertisements
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Advertisement117 2013-03-11 1 PROPERTY SPH reviewing portfolio for planned Reit PAGE 4 VIEWS FROM THE TOP Raising pay, raising hope pages 10 11 YOUNG INVESTORS‘ FORUM Finding solace in new financial climate PAGE 12 DINING OUT OCF‘s elegant French cuisine PAGE 25 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance117 words
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TOP STORIES
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Article, Illustration928 2013-03-11 2 ROB CURRAN - After 2007, most strategists are watching for signs of rally crumbling WALL STREET INSIGHT By ROB CURRAN AFTER a month of failed attempts, the Dow Jones Industrial Average finally hit record highs last week, and the broader Standard Poor’s 500 mayPHOTO: AFP - 928 words
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Article470 2013-03-11 2 Demand cools for industrial space after new stamp duty SPECULATIVE demand for industrial properties has eased following the seventh round of cooling measures arresting the problem of spiralling prices. According to data from SLP International, demand for strata factories moderated after the new seller’s stamp duty was introduced.470 words
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Article, Illustration130 2013-03-11 2 [SINGAPORE} Acting Manpower Minister Tan Chuan-Jin takes over as anchor minister of the five-member Marine Parade GRC from Emeritus Senior Minister Goh Chok Tong. Mr Goh said in a Facebook post yesterday that he informed Members of Parliament and branch leaders of the decision at130 words
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369 2013-03-11 4 KENNETH LIM - SGX warns users to use new data with care, as they won’t reflect true positions By KENNETH LIM [SINGAPORE] Be careful with the new data, Singapore Exchange (SGX) is stressing as new short selling reporting requirements kick in today. “The important point to369 words
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Article, Illustration351 2013-03-11 4 LYNN KAN - By LYNN KAN [SINGAPORE] Singapore Press Holdings (SPH) is looking into setting up a real estate investment trust (Reit) to list its property assets on the mainboard of Singapore Exchange. The media group said yesterday it was still reviewing the properties that might formST FILE PHOTO - 351 words
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459 2013-03-11 4 KENNETH LIM - By KENNETH LIM [SINGAPORE] Private-equi-ty funds are poised to take a bigger role in the region’s growing merger and acquisition (M&A) market, said investment banking executives at Goldman Sachs. “We’re getting a lot more calls,” said Yong Hsin Yue, Goldman Sachs cohead of South-east459 words
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Article, Illustration724 2013-03-11 4 New leaders move to boost efficiency, combat corruption Reuters [BEIJING] China unveiled a government restructuring plan yesterday, cutting cabi-net-level entities by two and dissolving its powerful Railways Ministry, as the country’s new leaders look to boost efficiency and combat corruption. The reforms mark theReuters; PHOTO: REUTERS - 724 words
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618 2013-03-11 4 CHUANG PECK MING - S’pore accounts for half of region’s US$3.2b net purchases By CHUANG PECK MING [SINGAPORE] Led by Singapore, Asian investors were back last quarter of 2012, snapping up stocks on Wall Street despite the uncertainty of the United States presidential election and618 words
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Page 2 Advertisements
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Advertisement283 2013-03-11 2 What's Next For The Stock Index You Are Watching? Trade Stock Index Futures on your iPhone with POEMS Mobile! L With uncertainty characterizing global economic outlook, will the bulls or bears triumph for stock indices like SiMSCI, S&P, FTSE100, Nikkei, Hang Seng and ABO China Index? Find out from Phillip283 words
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Advertisement21 2013-03-11 2 The best pure-play private bank in Asia EFG 0 Bank Ittt± m-H Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com21 words
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Advertisement22 2013-03-11 2 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email noticesd'sph.com.sg. CLA/30MAR05/GAN22 words
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Page 3 Advertisements
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Advertisement105 2013-03-11 3 GAME CHANGERS ’I k IN 2010, 234 STUDENTS WHO ATTENDED LESSONS AT THE LEARNING LAB AGED THE PSLE NATIONAL EXAMINATION BY ATTAINING TOP SCORES IN THE 2 8 0s, 2 70s AND 2 60s. AMONG THEM WERE THE TOP TWO SCORERS NATIONWIDE, IN 2011, 295 TLL STUDENTS, INCLUDING THE NATION'S105 words
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Page 4 Advertisements
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Advertisement50 2013-03-11 4 i\$) budget tour Planners Beyond Expectations Discovertheworldwith Budget Tour Planners We offer customised itineraries that go beyond the ordinary... /Company Incentive Trips Off-site Meetings /Special Interest Tours /Tradeshows /Educational Tours /Pilgrimage Tours /Church Retreats /Local Sightseeing Tours /Coach Charter Tel: 6737 1811 Email: sales©budget-tours.com.sg 51 Cuppage Road, #06-17, Singapore *****950 words
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Page 5 Advertisements
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Advertisement345 2013-03-11 5 aircdre<» SUPREME AirCare.Pro™ Air Sterllzer NAS 6000 pun IR sanitize sterilize V 111! I 1 V. Ml ,1.1 I j III 1 j III J ,1.1.11! 1 1 mm .Util All 11 TM mm'"’'* HM I XUJ.li in' .0.1Tn li m .mi mi Iff! Mil U 11II nm uni' ill345 words
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COMPANY NEWS
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Article789 2013-03-11 6 VEN SREENIVASAN - HOCK LOCK SIEW By VEN SREENIVASAN IN a liquidity-flushed market, fundamentals often play second fiddle to sentiment as herd mentality rules the day. This has become increasingly apparent in the Singapore market, where penny stocks have been chased up to log-ic-defying heights on nothing more than789 words
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Article262 2013-03-11 6 Mar 8 BANKS Agricultural Bank Of China 5.50 Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 .6.00 Bank of Tokyo-Mitsubishi UFJ, Ltd .5.50 Banque Internationale a .5.75 .5.50 Chang Hwa Commercial Bank 5.50 China Construction Bank Corp 5.25 Bank of Tokyo-Mitsubishi UFJ, Ltd262 words
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Article1909 2013-03-11 6 Payment Ex Rec Pay Ann (cts) date date date date Action Asia ak 0.700 10-May 14-May 28-May 04-Mar Advanced Int Mfg ak 0.160 06-May 08-May 20-May 04-Mar AEI Corporation an 1.000 02-May 06-May 15-May 20-Feb AEM Hldgs ak 0.350 05-Jun 07-Jun 21-Jun 25-Feb AIMS AMP Capital Ind REIT1,909 words
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1535 2013-03-11 7 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd TRADING by directors rose for the second straight week with 68 transactions worth $38.9 million based on March 4-8 Singapore Exchange filings, up from the previous week’s 36 trades worth $27.1 million.1,535 words
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Article240 2013-03-11 7 COMPANY MEETING PLACE DATE TIME United Envirotech E Amara Hotel, Connection 1 Level 3 165 Tanjong Pagar Road 11-Mar 2.30pm XMH Holdings E Warren Golf Country Club 81 Choa Chu Kang Way 11-Mar 10.00am United Engineers E The Auditorium 12 Ang Mo Kio Street 64 UE BizHub Central240 words
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Page 6 Advertisements
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Advertisement581 2013-03-11 6 Amplify Your Brand Business With Strategic Planning Who should attend: Brand owners. Social Media Digital Marketers, Public Relations Practitioners, Business Developers, Sales Managers Personnel, Senior and Middle Management, Supervisors and Jobseekers Tertiary Students looking to develop personal excellence. 2013 MARCH SERIES Jr/iA ST OBS No.l Awarded Best in Cross Media581 words
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Page 7 Advertisements
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Advertisement103 2013-03-11 7 Confidence to expand That’s what participants in international commerce can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Companies deing business around the world partner with us to manage virtually every kind of risk. Changing currency valuations, energy costs,103 words
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SINGAPORE MARKETS
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Article, Illustration676 2013-03-11 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent LAST week’s column asked if central bank money printing would prevail, or whether the political impasse in the US over budget cuts and in Italy after its recent general election would unnerve markets, the latter676 words
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534 2013-03-11 8 CURRENCIES Reuters [NEW YORK] The dollar surged to its highest in more than three years against the yen and a three-month peak versus the euro on Friday, bolstered by a report showing the US economy created more jobs thanReuters - 534 words
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628 2013-03-11 8 COMMODITIES AFP [LONDON] Global commodity markets had mixed fortunes last week, but Brent oil fell on the back of soaring American crude reserves and an improving supply outlook, while traders braced themselves for uncertainty from Italian political deadlock, US budget cuts and theAFP - 628 words
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Article1494 2013-03-11 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.50 2.50 2 8.85 17.80 1.64 1.58 Amtek Engineering Ltd 3.25 3.25 4 0.05 8.24 0.61 0.53 ARA Asset Management 2.57 1.571,494 words
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Article72 2013-03-11 8 Mar 8 VALUE CLOSE BT OB/OS -770.00-163.00 BT CADI -*****.00 -90.00 BT 10-day MA -*****.00 -77.00 FTSE ST Mid Cap 809.63 -2.26 FTSE ST Small Cap 559.43 -0.40 FTSE ST All Share 808.66 -2.14 FTSE ST China Top 219.40 -1.33 FTSE ST China 249.12 -2.52 FTSE ST72 words
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Article53 2013-03-11 8 VOLUME WE Hldgs 879,422,000 IPCO Intl 878,148,000 Compact 846,212,000 ICP 845,906,000 YHM 699,406,000 Golden Agri 593,657,000 Rowsley 581,179,000 Cedar 552,898,000 Equation 521,141,000 CarrierNet 492,938,000 VALUE($) DBS Grp 394,841,498 Golden Agri 361,406,738 CapitaLand 344,516,775 SingTel 337,998,558 MapletreeGCC 329,318,747 GLP 326,477,170 Rowsley 284,004,105 UOB 247,237,913 Keppel Corp 211,987,874 Genting53 words
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Article112 2013-03-11 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 398.5 3.0 IS S&P500 ***** 379.9 2.0 Jardine C&C 5425 228.0 4.4 DBXT E50 10US$ 4130 208.0 4.2 SPDRS S&P 500 10US$ ***** 194.3 1.0 JMH 6698 183.1 2.2 Pru 500US$ 1500 161.9 9.5 JSH 3961 127.0 2.6 DBXT MSJAP 10US$112 words
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Article126 2013-03-11 8 BY CENTS CLOSE DOWN DBXT MSEurope 10US$ 4860 -219.2 -3.5 DairyFarm 1212 -104.6 -6.5 DBXT MSKorea 10US$ 6026 -97.1 -1.3 DBXT AUD Bonds 5AU$ ***** -94.5 -0.4 DBXT S&P Short 10US$ 3200 -90.9 -2.2 DBXT FTVietnam 10US$ 2474 -69.7 -2.2 Lyxor MS India 10US$ 1364 -61.0 -3.5 HK Land126 words
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SINGAPORE NEWS
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Article, Illustration529 2013-03-11 9 MA XIANGYU - Modern business is complex, with many subsystems working under every business system By MISUSE MA XIANGYU MISUSE cliches in print and you lose readers; do it in business and you lose much more. Business cliches are far more insidious than they look, Mahender Singh,529 words
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216 2013-03-11 9 The event will be held at S’pore Expo from March 15-17 THE events and exhibition arm of Singapore Press Holdings, Sphere Exhibits, had added SmartKids Asia, an education and enrichment fair for children, to its portfolio of events. Sphere Exhibits said SmartKids Asia strengthens its216 words
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Article, Illustration254 2013-03-11 9 NG SAI YING - The Singapore youth donated $10,000 from the sales of his debut CD to BT’s Budding Artists Fund By NG SAI YING HE’S just 14, but Vienna-bound cellist Brendan Goh is already playing his part to help less fortunate young musicians. The Singapore youth recently donated254 words
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Page 9 Advertisements
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Advertisement4 2013-03-11 9 Take your position. saxomarkets.com.sg/fx4 words
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VIEWS FROM THE TOP
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Article, Illustration3810 2013-03-11 10 THIS WEEK’S TOPIC From the perspective of an employer, what are the pros and cons of the Wage Credit Scheme? Yeoh Oon Jin Executive Chairman PwC Singapore The policy intent of the government behind the Wage Credit Scheme (WCS) and the wider Budget 2013 is clear.ST FILE PHOTO - 3,810 words
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Page 11 Advertisements
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Advertisement108 2013-03-11 11 CFDsOPEN DOORS THAT CONVENTIONAL TRADING SHUTS Use Contracts for Difference (CFDs) to trade on thousands of global financial markets, whether they're rising or falling. Leverage your trades with our low margin rates to make your capital work harder. Find out more at our Raffles Place office or visit igmarkets.com CFD108 words
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Advertisement11 2013-03-11 11 For the complete list of views from CEOs, go to http://businesstimes.com.sg11 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1280 2013-03-11 12 EUGENE SAY - There’s an even greater need now for good financial habits, argues EUGENE SAY The writer is a second-year student at Singapore Management University’s (SMU) Lee Kong Chian School of Business. He is one of the student trainers in the SMU-Citi Financial Literacy Programme1,280 words
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Article, Illustration1327 2013-03-11 12 CAI HAOXIANG - Take a close look at the figures the opportunity cost of a fancy set of wheels is staggering MONDAY MULTIPLE CAI HAOXIANG Correspondent NOBODY likes to hear the words: “No, you can’t.” Two weeks ago, many aspiring car owners were told precisely that. A1,327 words
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Page 12 Advertisements
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Advertisement156 2013-03-11 12 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to156 words
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MALAYSIA/INDONESIA
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538 2013-03-11 13 This follows plan to separate Bumi plc from Bakrie and Bumi Resources Bloomberg [SINGAPORE] PT Bumi Resources, Indonesia’s biggest coal exporter, said 10 directors have resigned as the company’s largest shareholder works to disconnect itself from the Bakrie Group and PT Bumi.Bloomberg - 538 words
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569 2013-03-11 13 WP [SINGAPORE] The bond market is telling Moody’s Investors Service and Standard Poor’s they’ve got it wrong in rating sovereign debt in South-east Asia. The cost of protecting notes sold by Indonesia, Thailand, Malaysia and the Philippines against default averages 96 basisWP - 569 words
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Article1482 2013-03-11 13 VOL Mar 8 RM +/-(‘000) Abric Bhd ('000) Advance Synerg 0.14 unch 133 Adventa Bhd 0.31 0.01 304 Ae Multi Hldgs 0.23 0.01 149 Affin Holdings 3.32 0.01 232 Ahmad Zaki Res 0.74 0.02 506 Airasia Bhd Alliance Finan 4.30 -0.01 876 Aluminium Co 0.66 unch 0 Amalgamated1,482 words
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Article, Illustration594 2013-03-11 13 AP [KUALA LUMPUR] Malaysian police said that they had detained 79 suspects linked to Filipino intruders in Borneo as they intensify an operation to flush out members of a Filipino Muslim clan who took over a village last month. The armed clansmen have causedAP; PHOTO: AFP - 594 words
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Page 13 Advertisements
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Advertisement184 2013-03-11 13 Advanced Master in Financial Techniques Singapore, Paris m i ■\x ilU'lllillll/immi wmmm. I I m mM .K f/iliB I Visit vww.essec.edu/asia Master the Complexity of Finance Cross Continent Learning Personalized Mentoring Powerful Alumni network in the most reputed financial institutions As a young engineer I found with the Advanced Master184 words
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GREATER CHINA/INDIA
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Article, Illustration611 2013-03-11 14 Sino-African trade has ballooned in the last decade and hit US$166b in 2011 AFP [BEIJING] China’s new president will pay a state visit to Russia and three African countries, the foreign minister said on Saturday, with Beijing looking to step up diplomacyAFP; PHOTO: REUTERS - 611 words
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Article11 2013-03-11 14 db X-MACRO Trading Index Fund I4D 28/02/2013 89,89 GBP11 words
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530 2013-03-11 14 China is building roads and investing billions of dollars AFP [KATHMANDU] China’s ambassador to Kathmandu was recently pictured in a traditional Nepali cap and silk scarf, digging with a spade to symbolise the laying of the foundations of a new dryAFP - 530 words
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225 2013-03-11 14 Reuters [MUMBAI] India’s capital markets regulator has introduced regulations overseeing the public sale of preference shares and will allow hybrid securities, with debt and equity components, to be listed on exchanges. The Securities and Exchange Board of India (SEBI) said non-convertible redeemable preferenceReuters - 225 words
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Page 14 Advertisements
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Advertisement102 2013-03-11 14 m tcfc if m ■s e EECC Kill 0 rr mmsm J=r S I IBlUBEI ii--. l.F fm r; 'L (!>♦% F-: f\uj^/ U kiSS92 o m S592 ISS92 »=J> o f 1 Ss kiss ■•V >'.?! *s N /> •tx s iSB/' sjk vv 4S>V A getaway at Singapore's102 words
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ECONOMY WATCH
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Article, Illustration820 2013-03-11 15 US will return to sustainable growth as a competitor, not as a consumer Reu ters [LONDON] A retooling of the US economy around cheaper domestic energy and a competitive exchange rate could be a headwind for developing economies more used to seeing US growthReuters; PHOTO: AFP - 820 words
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383 2013-03-11 15 Reuters [BERLIN] Greece remains the biggest risk for the eurozone despite a calming of its economic and political crisis and may still have to leave the common currency, a senior conservative ally of German Chancellor Angela Merkel said. Alexander Dobrindt, generalReuters - 383 words
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Page 15 Advertisements
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Advertisement352 2013-03-11 15 ESPLANADE PRESENTS And the OSA music Vp MUSIC FESTIVAL SINGAPORE r 8-17 Mar 2013 plays on M 1 1 1 T U U Mar, Mon, 7.30pm Esplanade Concert Hall Gilbert O’Sullivan* Known for hits like Alone Again (Naturally). Clair amS£n, Gilbert O'Sullivan is the supertto who topped the UK and352 words
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WORLD
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Article, Illustration821 2013-03-11 16 Once proud and profitable division seen struggling as independent firm Reuters [NEW YORK] In giving up on its magazine business, Time Warner Inc is set to hand its shareholders an operation that has shrinking sales and profits and will be looking for a new chiefReuters; PHOTO: AFP - 821 words
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586 2013-03-11 16 AFP [YANGON] Aung San Suu Kyi was re-elect-ed as Myanmar opposition leader yesterday at a landmark congress that stopped short of sweeping changes in its ageing top ranks ahead of key elections in 2015. Hundreds of opposition members gathered in Yangon for theirAFP - 586 words
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615 2013-03-11 16 Markets anxious about who Putin will pick for post AFP [MOSCOW] President Vladimir Putin will in the next weeks choose a new head of Russia’s central bank, with economists hoping he picks a dependable figure and not a wild card to head oneAFP - 615 words
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Article, Illustration536 2013-03-11 16 Revised law offers PR status to some home buyers AFP [PAPHOS, Cyprus] The real estate sector on the reces-sion-hit Mediterranean holiday island of Cyprus, an EU member, is turning to Chinese investors seeking easier access to Europe. Hundreds of Chinese nationals have purchased second homesAFP; PHOTO: AFP - 536 words
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Article, Illustration816 2013-03-11 18 Dangerous policy complacency puts gains at risk, economists warn Reuters [BERLIN] With its record low unemployment, thriving “Mittelstand” companies and consensus-seek-ing unions, Germany has been held up as a model of economic management at a time when many of itsReuters - 816 words
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Article, Illustration279 2013-03-11 18 Reuters [BUDAPEST] Thousands of Hungarians protested in central Budapest on Saturday against imminent changes to the country’s constitution that they fear would curb democratic rights, echoing worries this week from the European Union (EU) and the United States. Prime Minister Viktor Orban’s ruling centre-rightReuters; PHOTO AFP - 279 words
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771 2013-03-11 18 Johnson Johnson must pay in first of 10,750 hip implant cases Jury awards ailing man US$8.3m in suit over artificial hip NYT [NEW YORK] A jury in Los Angeles has ordered Johnson Johnson to pay more than US$8.3 million in damages to a Montana man in the first of moreNYT - 771 words
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665 2013-03-11 18 Wave of pilgrims boosts demand for hotels, souvenirs AFP [ROME] The upcoming conclave to elect a new pope is proving a boon for business in Rome in a harsh economy from a new iPad application to booked-out hotels and balconies rented outAFP - 665 words
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660 2013-03-11 19 Flights by Customs and Border Patrol radar planes are being cut back AP [MEXICO CITY] Deep federal budget cuts are forcing the US to send fewer surveillance planes and Navy ships to halt Latin American drug shipments, meaning the anti-drug effort will dependAP - 660 words
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220 2013-03-11 19 Bloomberg [SYDNEY] Beach Energy Ltd said that the Cooper Basin region in Australia’s outback, where it is searching for natural gas with Chevron Corp, will be a “major onshore petroleum province”. The region, straddling the South Australia and Queensland state borders, may have enoughBloomberg - 220 words
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Article, Illustration819 2013-03-11 19 It sees strong growth in music sales driven by streaming AFP [STOCKHOLM] Despite being home to a vibrant community of file-sharing activists, Sweden is at the forefront of a global recovery in music sales driven by streaming music services such as Spotify, industry observers say.AFP; PHOTO: AP - 819 words
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Article, Illustration705 2013-03-11 19 Louisiana Governor draws most laughs at Gridiron dinner Bloomberg [WASHINGTON] President Barack Obama, wearing white tie and tails at Washington’s premiere show of political satire, made light of budget cuts consuming the capital. “Because of sequester, they cut my tails,” Mr Obama saidBloomberg - 705 words
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974 2013-03-11 20 Reu ters [OSLO] Executive excess need not be etched in stone. Just look at the Nordic region, where an egalitarian tradition and a high quality of life leave top managers content with lower pay cheques. Though corporate pay scandals do occurReuters - 974 words
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Article, Illustration336 2013-03-11 20 Bloomberg [MILAN] Nomura Holdings Inc filed a claim in London against Banca Monte Paschi di Siena SpA the same day Italy’s third-biggest bank lodged a suit against it in an Italian court in a dispute about derivatives. Nomura filed a claim on March 1, a courtBloomberg; PHOTO: BLOOMBERG - 336 words
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Article, Illustration989 2013-03-11 20 Former global leader has been overtaken by LG Display and Sharp itself Reuters [SEOUL] For Samsung Electronics Co Ltd, the world’s No. 1 maker of smartphones, TVs and memory chips, last week’s deal to invest in a Japanese display maker spotlights anReuters; PHOTO: AFP - 989 words
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932 2013-03-11 20 NYT [ROME] The leader has resigned. There are scandals over sex and corruption. Finances are in disarray. And no one knows who will step in to try to clean up the mess. The Vatican? The Italian government? At the moment, it is both. Even forNYT - 932 words
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868 2013-03-11 22 The latest results are at odds with other measures of lenders’ safety Reuters [NEW YORK] The newest stress tests for US banks produced scores that are at odds with other measures of lenders’ safety, in another sign that some institutions may beReuters - 868 words
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Article, Illustration978 2013-03-11 22 It eyes political and economic gains of letting bonds mature Reu ters [NEW YORK] The US Federal Reserve is considering jettisoning a plan to eventually sell off the massive haul of bonds it is now buying, a politically defensive strategyReuters - 978 words
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Article, Illustration156 2013-03-11 22 THIS large-scale boulder sculpture, entitled “Rock on Top of Another Rock”, by the artistic duo Peter Fischli and David Weiss was unveiled at the Serpentine Gallery in Hyde Park, London, last Friday. The first public sculpture to be presented in England by the two contemporaryAP - 156 words
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478 2013-03-11 22 Bloomberg [ROME] Italy’s credit rating was cut one level by Fitch Ratings as an inconclusive election in February produced political paralysis that threatens the country’s ability to respond to a recession and the European debt crisis. The rating company lowered Italy’s governmentBloomberg - 478 words
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734 2013-03-11 22 It is the 2nd firm to be rebuked after Deloitte Touche Reuters [NEW YORK] The US regulator of corporate auditors criticised PricewaterhouseCoopers (PwC) last week for not doing enough to ensure that its audits were properly carried out, in a rare public reprimandReuters - 734 words
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Advertisement4160 2013-03-11 17 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SIGMA CAPITAL PTE. LTD. Registration No. *****6020G NOTICE OF REDEMPTION SIGMA CAPITAL PTE. LTD. US$395,608,000 9.0% Guaranteed Notes due 2015 (the “Notes”)ISIN No. XS********** and Common Code: *****9839 Reference is made to the Trust Deed dated as of May 11, 2010, among4,160 words
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Advertisement67 2013-03-11 17 THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR'S APPOINTMENT PROVATAS INVESTMENTS LIMITED (the "Company") NOTICE is hereby given that the Company is in liquidation and that Catherine Dorothy Hanam of 7 Temasek Boulevard, #08-01 Suntec Tower One, Singapore *****7 has been appointed liquidator of the Company by a resolution67 words
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Advertisement1017 2013-03-11 19 WATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices .}~%+;[&=|>=!/)`^({$/?-([{.~@%+ BRIGHT ORIENT (HOLDING) LTD. (Incorporated in Bermuda with limited liability) (Bermuda Company Registration Number: *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Bright Orient (Holding) Ltd. (the “Company”) will be held at Riverview1,017 words
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Advertisement190 2013-03-11 21 The Business Times Now you can read it any way you want. The business Times JP Morgan counts on Morgan S-EA to grow E 19-20 SEPTEMBER THE BUSINESS TIMES .iMCWISa. THE BUSINESS TIMES National Day Message RaquMl' For NowOffo. ForlntracoStai Smith's missive won't hurt Goldman much illiBi _CL-2i-i sssSg BUSINESS190 words
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Page 23 Advertisements
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Advertisement327 2013-03-11 23 Amazing Gifts When You Subscribe To THE STRAITS TIMES THE STRAITS TIMES The big push for more babies BABY BOOSTERS iF ip- Q 4IE in IVM IMES i i-. I H,.y PRINT iPAD SMARTPHONES ONLINE SUBSCRIBE NOW AND BRING HOME ONE OF THESE AMAZING GIFTS! Panasonic LUMIX DMC-XS1GF A Panasonic327 words
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AVIATION/SHIPPING
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Article, Illustration972 2013-03-11 24 They blockade ferries crossing Canal but through traffic not affected Reuters [CAIRO] Egyptian protesters torched buildings in Cairo and tried unsuccessfully to disrupt international shipping on the Suez Canal, as a court ruling on a deadly soccer riot stoked rage in a countryReuters; PHOTO: AP - 972 words
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477 2013-03-11 24 AFP [WASHINGTON] A decision to scrap a post-9/11 ban on pocket knives being carried by passengers on US aircraft has triggered an angry backlash from pilots, flight attendants and airline chiefs. Starting from April 25, travellers will be able to carryAFP - 477 words
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404 2013-03-11 24 Outbreak is the latest black eye for the cruise industry Reuters [LONDON] Royal Caribbean Cruises Ltd said on Friday that 108 people fell sick with a gastrointestinal illness believed to be a norovirus on its Vision of the Seas ship,Reuters - 404 words
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Article240 2013-03-11 24 SGX '000 Mar 8 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.27 unch 145 Cosco Corp 0.91 unch 2644 Vol First Ship Lea 0.13 unch 445 Freight Links Cosco Corp Grand Banks 0.38 0.01 19 Jaya Hold Ltd 0,91 K1Ventures 0.17 unch 1910 Keppel Corp 11.85 0.07240 words
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Article, Illustration359 2013-03-11 24 Reuters [NEW YORK] Boeing Co said on Friday that it is consolidating its North American flight and maintenance training operations in Miami, a shift that will move all flight simulators for the 787 Dreamliner and other aircraft out of the Seattle area.Reuters; PHOTO: AP - 359 words
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Advertisement19 2013-03-11 24 Testing themarket aftertherecent cooling measures? Developers report healthy salesfor newcondo projects To subscribe, call 6388-3838 or go to sphsubscription.com.sg19 words
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Page 24 Miscellaneous
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Miscellaneous337 2013-03-11 24 CRYPTIC CROSSWORD Across 6 Ablest recruit mobilised in warship (6-7) 8 Information is found about university egghead (6) 9 Distribute generously pounds with a lot due for review (5,3) 10 Odd bits of heavy farm material? (3) 11 Bring forward in discussion poster scheduled around cinema’s opening (6) 12 Northern337 words
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DINING OUT
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Article, Illustration643 2013-03-11 25 Jaime Ee - By Jaime Ee NEW RESTAURANT OCF The Arts House #02-02 1 Old Parliament Lane Tel: 6333 9312 Open for lunch Monday to Friday: 12pm to 2.30pm Open for dinner Monday to Saturday: 6pm to 10.30pm SO who knows Olivia Cassivelaun Fancourt? What did her friends call643 words
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Page 25 Advertisements
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Advertisement237 2013-03-11 25 ATTh. §SL<& The Finest Catch At equinox Restaurant Now TILL 30 MARCH 2013 Equinox Restaurant serves up the freshest catch of the sea with an extravagant Fruit de Mer Royal, showcasing the finest crustaceans including a whole lobster, oysters, tiger prawns, Sri Lankan crab, scallops, New Zealand mussels, shrimps as237 words
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SINGAPORE STOCKS
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Article3444 2013-03-11 26 Week ended: Mar 8 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol ('000) 164 106 AIMSAMPIReit --AAT Div GrYld C'vr Net P/E M Cap Smil 15 5.3 2.6 Ace3,444 words
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Article248 2013-03-11 27 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.9 -0.2 ***** 2.2 1.9 1.8 1.9 28.3 Week Last Quote 4.3 2.8 t Albedo R Net M248 words
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Article117 2013-03-11 27 Stock name Close Change CapMallsAsia 2.000 -0.010 CapitaLand 3.620 -0.110 CapitaMall 2.100 -0.030 CityDev 11.200 -0.200 ComfortDelGro 1.880 -0.020 DBS Grp 15.490 F&N 9.440 GLP 2.600 +0.030 Genting SP 1.530 -0.010 Golden Agri 0.605 -0.005 Stock name Close Change HK Land 7.350 -0.120 IHH Healthcare 1.385117 words
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Article2082 2013-03-11 27 Transaction date: Mar 8 HONG KONG Vol HK$ +/-'000 Aeon Stores '000 Angang Steel 5.18 0.05 ***** Anhui Conch Anhuiexpresswa 4.31 -0.06 420 Asia Satellite 28.90 unch 0 Asm Pacific unch Bank Of E Asia 32.25 0.15 2506 Beida Jade Bir 0.35 -0.01 330 Beijing Airpor 6.34 -0.062,082 words
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Article276 2013-03-11 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A38 -1 73 40 37.5 38 41.5 3.6 9.2 3 99 46.5 30 Genting HK US$ US45 -1 ***** 46 44.5 45 45.5 2963276 words
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Article186 2013-03-11 27 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 9 1 0 0 0 6 9 1 Manufacturing 41 121 30 11 20 9 52 141 39 Commerce 17 49 9 4 12 1 21 61 10 Tpt/Stor/Comms 13 27 6186 words
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Article125 2013-03-11 27 p *02.‘ s n z p*T-:i-5 Kn i =S3Ui 5 i a h w liSl2|gp?J VlgSBgggiS >» bj 15———. i~j-_ f r > 5 C "r 55 iilf i e2 is| c H |I|H i* 3|bC fl 3:S5| H £3up£ SSS 15«fS s r |a |2? 1 cfSfii125 words
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Article123 2013-03-11 27 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 274,750 274,750 398,857 398,857 Manufacturing 3,758,945 3,717,201 7,476,146 1,071,679 98,286 1,169,965 Commerce 2,147,832 1,532,504 3,680,336 637,066 170,181 807,247 Tpt/Stor/Comms 626,758 78,079 704,837 867,839 28,442 896,281 Finance 343,119 2,971 346,090 994,354 1,322 995,676 Construction 1,490,757 702,235123 words
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Advertisement26 2013-03-11 27 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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Article638 2013-03-11 28 Mar 8 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.50 *****.62 *****.09 Jun13 *****.00 *****.00 *****.00 *****.00 *****4 *****6 Sep13 *****.00 *****.00 *****.00 *****.00 0 4 MSCI TAIWAN INDEX FUTURES SPOT 286.76 289.09 286.76 Mar13 286.00 289.40 286.00 288.50 ***** *****2 Apr13 286.50638 words
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373 2013-03-11 28 In local curr In S$ In US$ dy yr dy yr dy yr Mar 8 Index Change Change Change Change Change Change World Preliminary 1022.9 0.5 9.0 0.3 9.0 0.1 6.6 EAFE Preliminary 854.1 0.9 10.3 0.2 7.3 0.0 4.9 Europe Preliminary 1241.4 0.9 8.2373 words
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Article471 2013-03-11 28 Mar 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.057 6.373 0.783 7.953 55.730 99.285 0.978 11.176 3.184 1.240 100.239 41.705 1.277 9.374 0.968 30.412 30.515 0.684 1.025 Canada 0.946 6.028471 words
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Article64 2013-03-11 28 Mar 8 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid64 words
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Article134 2013-03-11 28 Mar 8 GOLD(US$/oz) Mar 08 Mar 07 Hong Kong 1586.40 1593.00 Mar 07 Mar 08 London 1576.24 1574.21 1577.46 1574.98 Source: Thomson Reuters CAST BAR Mar 08 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 142 63 5gm 403 316 10gm 721 632134 words
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Article88 2013-03-11 28 Mar 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 06-Jun-13 0.25 6-Month BS*****H 05-Sep-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.08 5-Year N*****0Z 2.375 01-Apr-17 108.188 words
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Article57 2013-03-11 28 Mar 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 13 2425.0 2422.0 2425.0 2408.0 28 1805 Apr 13 2441.0 2427.0 2441.0 2423.0 2046 ***** May 13 2439.0 2433.0 2451.0 2426.0 ***** ***** Jun 13 2444.0 2438.057 words
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Article155 2013-03-11 28 Mar 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2765 1.2772 1.0250 1.0254 Canadian dollar 1.2075 1.2083 0.9700 0.9696 Euro 1.6296 1.6300 1.3085 1.3086 NZ dollar 1.0292 1.0301 0.8264 0.8270 Sterling pound 1.8677 1.8683 1.4997 1.4999155 words
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Article108 2013-03-11 28 Mar 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1508.50 1503.50 1516.50 1488.00 May 13 1471.00 1473.50 1484.75 1450.25 Jul 13 1447.25 1453.75 1463.50 1430.50 Aug 13 1404.00 1414.50 1421.25 1391.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13108 words
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Article80 2013-03-11 28 Mar 8 COCOA (£/tonne) Close Prev High/Low Mar 13 1426 1386 1427/1386 May 13 1441 1401 1444/1403 Jul 13 1457 1417 1459/1420 Sep 13 1468 1430 1470/1433 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2151 2123 2153/2122 May 13 2181 2154 2188/2148 Jul 13 2175 2146 2180/2143 Sep 13 217180 words
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937 2013-03-11 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 650 5.00 14 AlliedTech W*****2 Ratio Asiatravel.com HoldingsW*****7 3 1 25 16 Asiatravel.com HoldingsW*****5 3.3 1 27 40 BakerTech W*****5 14.6 -0.7 ***** 1 27937 words
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Article70 2013-03-11 28 CRUDE OIL PRODUCTS Mar 07 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.39 0.36 WTI (Near Mth) 91.54 1.11 Dubai (1-Mth F) 106.10 -0.07 Tapis blend 117.04 -0.53 Minas 112.54 -0.53 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.80 -1.42 Jet Kerosene 125.92 -0.57 US$/barrel OpecOil Basket70 words
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Article22 2013-03-11 28 Mar 8 S$ Bid Offer 1-month 1.2454 1.2456 2-months 1.2454 1.2456 3-months 1.2454 1.2456 6-months 1.2452 1.2458 Source: OCBC22 words
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Article65 2013-03-11 28 Mar 8 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1923.25 1936.50 3 months 1965.00 1979.00 Copper, Grade A(US$/tonne) Cash 7710.50 7734.00 3 months 7740.50 7765.00 Lead(US$/tonne) Cash 2193.75 2190.25 3 months 2212.50 2210.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article121 2013-03-11 28 As at 9am Mar 08 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.309 1.247 Can dollar 1.239 1.180 Euro 1.671 1.592 Sterling pound 1.907 1.834 NZ dollar 1.066 1.006 US dollar 1.271 1.211 Local dollars to 100 units of foreign121 words
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Article157 2013-03-11 28 Mar 8 $S Offer Bid 0vernight 0.04 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12157 words
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Article2801 2013-03-11 29 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New2,801 words
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Advertisement27 2013-03-11 29 Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times27 words
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Advertisement167 2013-03-11 30 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 the business times mt uujiihljj iiivicj Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE167 words
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Advertisement350 2013-03-11 31 CLASSIFIED PROPERTY SEMINAR OPPORTUNITIES IN PROPERTY INVESTMENTS? With the introduction of new government policies, such as the additional buyer's stamp duty and sellers' stamp duties, it's vital that you do your homework first! Get insights and a glimpse of emerging trends from experts in the real estate industry. A Learn350 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration927 2013-03-11 32 AMIT ROY CHOUDHURY - Canon Business Services seeks to become a US$100m business in the Asia-Pacific region over the next two to three years, writes AM IT ROY CHOUDHURY writes AMIT ROY CHOUDHURY CANON Singapore last week launched its business services division in Singapore and the South-east Asia region. The927 words
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534 2013-03-11 32 NG SAI YING - Japan continues to lead the global rankings By NG SAI YING AMONG Asia-Pacific economies, Japan and Australia continue to lead the world in cloud computing policies, with Singapore and Malaysia making substantial progress in creating a conducive environment for cloud computing. These are some534 words
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857 2013-03-11 32 KEITH WILLETTS - <you say> By KEITH WILLETTS The writer is the founder and chairman of the TM Forum, a global non-profit industry association focused on enabling service provider agility and innovation APPLE and Amazon have built two of the world’s strongest brands and have an ultra-loy-al customer857 words
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Article, Illustration593 2013-03-11 32 AP [TOKYO] Howard Stringer, who fought to bring a divided and struggling Sony Corp together as the Japanese electronics and entertainment company’s first foreign president, is retiring as chairman in June. He announced his departure in New York in a speech at theAP; BT FILE PHOTO - 593 words
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Article, Illustration849 2013-03-11 31 LOO PO LI - With new technologies to boost business ties, they can build better processes and bottomlines: Accenture. LOO PO LI reports reports LOO PO LI COMPANIESare poised to leverage the pervasiveness and convergence of several technologies and take their businesses to a whole849 words
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667 2013-03-11 31 Bloomberg [SAN FRANCISCO] Apple Inc won a court ruling keeping its second patent case against Samsung Electronics Co in San Jose, California, on track for a 2014 trial after losing a bid to dismiss a lawsuit claiming the iPhone maker improperly collectedBloomberg - 667 words
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