The Business Times, 27 March 2013

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Microfilm: NL32517
Total Pages: 75
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, March 27, 2013
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  • Article, Illustration
    Lock icon eSys wins its appeal against nTan Advisory
    707 1  -  Court rules advisers must account properly for fees By KENNETH LIM [SINGAPORE] Professional advisers must adequately justify their fees, the Court of Appeal said in a win for eSys Technologies against restructuring specialist Nicky Tan’s firm. In reversing a lower court’s finding, judges
    FILE PHOTO  -  707 words
  • Article
    Lock icon Sharp fall in manufacturing output bodes ill for GDP
    843 1  -  Economy could contract in Q1 after Feb figures reveal a startling 16.6% plunge in industrial output By TEH SHI NING [SINGAPORE] Singapore’s economy may shrink in Q1, after manufacturing output fell a startling 16.6 per cent in February from a year
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,288.53 (+21.05) GST INDEX FUTURES 3,289.00 (+22.00) GSIMSCI 372.58 (+1.68) GSIMSCI FUTURES 372.60 (+0.90) US$ S$ US$ (S$ per US$) 1.241 (US$/S$ per 1.519 1.885 EURO (US$/S$/€ 1.286 1.596 Foreign currency per US$ S$ YEN 94.20 75.90 RM 3.094 2.493 HK$ 7.760 6.254 BAHT 29.33 23.64 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,652.83 +8.94 NIKKEI 225 12,471.62 -74.84 HANG SENG 22,311.08 +59.93 SET INDEX 1,544.03 +20.08 JAKARTA COMP 4,842.52 +42.85 MANILA COMP 6,665.12 +67.53 SEOUL COMP 1,983.70 +6.03 SHENZHEN B 801.13 -3.45 MUMBAI IND 18,704.53 +23.11 12noon EDT Change DOW 14,536.03 +88.28 NASDAQ 3,243.74 +8.44
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE MALAYSIA MALAYSIA HONG KONG HONG KONG 5.00 INDONESIA JAPAN TAIWAN KOREA JAPAN 1.475 KOREA CANADA BRITAIN 0.50 US Source: Bloomberg
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      258 1 STRAIT TALK Asia will need more port projects PAGE 30 COMPANIES Morgan Stanley downgrades regional real estate sector PAGE 4 COMMENTARY Greece, now Cyprus what next? PAGE 29 EXEC MONEY Topix to rise further, at slower pace PAGE 40 Come home to a botanical retreat in the heart of the
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  • TOP STORIES
    • Article, Illustration
      Lock icon Kuroda will go beyond QE to end deflation
      771 2  -  BOJ to bring down long-term interest rates to achieve 2% inflation target By ANTHONY ROWLEY in Tokyo THE Bank of Japan’s new governor, Haruhiko Kuroda, outlined a fuller picture yesterday of some of the tactics that the Japanese central bank is likely
      PHOTO: REUTERS  -  771 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      531 2 Sharp fall in manufacturing output bodes ill for GDP SINGAPORE’S economy may shrink in Q1, after manufacturing output fell a startling 16.6 per cent in February from a year ago. Though this was in part due to factory closures over the Chinese New Year holidays, at least one
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    • Article, Illustration
      Lock icon Coroner’s inquiry for Shane Todd to start on May 13
      592 2  -  By MICHELLE QUAH [SINGAPORE] The much-awaited Coroner’s inquiry into the death of American Shane Todd a case that has attracted intense media and political attention here and in the United Sates has been fixed for May 13, the Attor-ney-General’s Chambers
      PHOTO: AP  -  592 words
    • Article
      Lock icon M’sia economic policies yielding results: RHB
      594 2  -  But bank warns that supply surge could lead to property glut BY PAULINE NG in Kuala Lumpur MALAYSIA’S economic transformation programme (ETP) has been successful in boosting flagging private investments, but an investment bank has warned that the massive amounts invested in real estate
      594 words
    • Article
      Lock icon DPP seeks to have former SCDF chief impeached
      787 2  -  By GRACE LEONG [SINGAPORE] The prosecution yesterday applied to impeach former Singapore Civil Defence Force (SCDF) chief Peter Lim, saying that part of his testimony this week contradicted what he had told the Corrupt Practices Investigation Bureau last year. Under cross-examination by
      787 words
    • Article, Illustration
      Lock icon URA sets minimum average size for retail units
      798 3  -  Aim is to prevent a rise in small units at malls that may not serve their intended purpose By ONG CHOR HAO [SINGAPORE] The government is moving to prevent a proliferation of small units at malls that may not serve their intended
      Source: URA Realis, R'ST Research; Source: URA  -  798 words
    • Article
      Lock icon 10-yr loans, COE slide sustaining big car demand
      539 3  -  By SAMUEL EE [SINGAPORE] Demand for new cars is being sustained, not only by the plunge in the big-car COE premium, but also with 10-year vehicle loans still being offered by credit companies and some manufacturers, say motor dealers. As a result
      539 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Regional real estate gets Morgan Stanley downgrade
      557 4  -  Report gives low profitability and weak technicals as reasons for rating By JOYCE HOOI MORGAN Stanley downgraded the regional real estate sector from “overweight” to “equal-weight” in its latest report. Citing the sector’s low profitability and weak technicals, the report on Monday said:
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    • Article
      Lock icon Rotary secures two contracts worth $42m
      315 4  -  By MARIA MALA YOGALINGAM ROTARY Engineering has secured two new contracts worth about $42 million for work on Jurong Island. The oil and gas infrastructure services company said yesterday that the first contract, valued at $30 million, was awarded by an international independent storage
      315 words
    • Article
      Lock icon Chip Eng Seng to buy San Centre for $113m
      236 4  -  By NATHANIEL CHEW CHIP Eng Seng Corporation, through wholly owned CEL Property Investment, has agreed to buy San Centre an office building along Chin Swee Road for $113 million under a collective purchase. The transaction price fell only slightly short of
      236 words
    • Article
      Lock icon Olam opens A$60m almond processing plant
      407 7  -  The Victoria unit will meet all volumes of the group’s upstream orchards By ANDREA SOH OLAM International yesterday opened an almond shelling and processing plant in Victoria, Australia. The factory, which costs A$60 million (S$78 million), will have a total capacity of 40,000 tonnes
      407 words
    • Article, Illustration
      Lock icon SGX seeks feedback on FX futures contracts
      295 7  -  By CAI HAOXIANG SINGAPORE Exchange (SGX) is seeking public comment on four new foreign exchange (FX) futures contracts that it is planning to introduce for trading. The proposed currency pairs are the US dollar/Singapore dollar, Indian rupee/US dollar, Australian dollar/US dollar, and Australian
      FILE PHOTO  -  295 words
    • Article
      Lock icon StarHub launches e-bookstore to rival SingTel’s
      425 7  -  By JOYCE HOOI STARHUB is going toe-to-toe with SingTel in the literary stakes with a new e-bookstore called Booktique. From today, readers will be able to buy e-books either through the Booktique website or through its mobile app, downloadable from the Google Play or
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    • Article
      Lock icon Eastern Hldgs invests $10m in Schroder fund
      259 7  -  By JASMINE NG INVESTMENT holding company Eastern Holdings (EHL) is pumping some $10 million into Hong Kong-based Schroder Asian Asset Income Fund. The fund’s objective is to provide investors with income and capital growth over the mediumto longer-term, by investing primarily in Asian
      259 words
    • Article
      Lock icon Global Invacom targets Asia-Pacific
      479 8  -  Satcom firm gains footprint from Asian pay TV player’s US$20m contract By MA XIANGYU SATELLITE communications company Global Invacom Group is planning for greater involvement in the Asia-Pacific. A boost for this strategy came in the fourth quarter of FY2012 when it secured a US$20 million
      479 words
    • Article
      Lock icon Chuan Hup unit prematurely ends JTC leases
      286 8  -  By CARINE LEE CHUAN Hup Holdings Ltd’s subsidiary, Provest Transworld Ltd, has prematurely terminated its JTC Corp leases at Jalan Samulun. Provest has signed a letter of acceptance of terms and conditions from JTC for the premature termination and will pay an administrative
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    • Article
      Lock icon Newedge to transfer S’pore accts to Japan
      206 8 Reuters [SINGAPORE] French broker Newedge Group has consolidated operations in the Asia-Pacific region by moving its clients’ accounts from the Singapore desk to Japan, the company said yesterday. “Sebastian Pang head of energy for Asia-Pacific remains in Singapore,” John Fay, the company’s global
      Reuters  -  206 words
    • COMPANY BRIEFS
      • Article
        Lock icon Keppel unit to issue US$200m in notes
        133 8 KEPPEL Corporation’s wholly owned subsidiary, Keppel GMTN Pte Ltd, intends to issue US$200 million in floating rate notes due 2020 under its US$2 billion Euro Medium Term Note Programme. Mizuho Securities Asia Ltd has been appointed to act as the sole lead manager
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      • Article
        Lock icon GLP pre-leases Harbin, Wuhan park space
        77 8 GLOBAL Logistic Properties (GLP) has pre-leased about 91,000 square metres (sq m) at two new parks in Harbin and Wuhan to Deppon Logistics, one of China’s largest third-party logistics providers. Deppon Logistics is GLP's second-largest customer in China by leased area. Including the two
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      • Article
        Lock icon China Flexible Packaging faces claim
        123 8 CHINA Flexible Packaging Holdings Ltd said that on Monday, the company’s subsidiary Jieyang City Rui Xing Plastic Packaging Company Ltd received a writ of summons from the People’s Court of the City of Jieyang relating to a civil claim for seven million yuan (S$1.4 million)
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      144 4 W. w A H M. 3 4S s». m x 'i a new event experience you From international conferences to your next annual event, at the rejuvenated Pan Pacific Singapore you can meet, greet and entertain in style. With 27 meeting rooms covering over 31,000 square feet and a choice
      144 words
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      Lock icon Page 4 Advertisements Column 2
      17 4 Online Backup S to rag e Meets Financial Regulators’ Requirements Drive.s s’ r m -r€= l ro
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      224 5 CONGRATULATIONS TOSEI CORPORATION on the successful secondary listing on the SGX Bar®* r A m I PL HBr, T v J IP r VX«W f*Jtf IIP m toHfl I r f-= J*! ill;: W ■‘W* z:*s n Vte TOS TOSEI CORPORATION ABOUT TOSEI fe i SB ur. r*iu r iiiis
      224 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI up 21 points as volume thins
      579 6  -  Broad market weakens under pressure with 220 rises against 212 falls STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday rose 21.05 points to close at 3,288.53, probably in anticipation of Tuesday gains in Western markets, but the broad market came under
      Source: Bloomberg  -  579 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Mar 26 VALUE CLOSE BT OB/OS 343.00 -39.00 BT CADI -*****.00 +18.00 BT 10-day MA -*****.00 +35.00 FTSE ST Mid Cap 817.24 +1.95 FTSE ST Small Cap 575.06 +3.08 FTSE ST All Share 811.10 +4.56 FTSE ST China Top 222.24 +1.91 FTSE ST China 252.23 +4.24 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME WE Hldgs 437,586,000 SingHaiyi 409,090,000 KLW Hldgs 268,162,000 Sitra 200,932,000 Contel 175,397,000 AdvanceSCT 167,767,000 Magnus 123,182,000 Ntegrator 92,398,000 Thai Beverage 89,074,000 Golden Agri 72,501,000 VALUE($) Keppel Corp 80,586,065 Thai Beverage 54,240,230 UOB 50,721,136 OCBC Bk 50,401,698 SingTel 48,832,550 WE Hldgs 47,593,932 DBS Grp 44,601,210 HK Land
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 5 2 0 0 0 9 5 2 Manufacturing 50 45 48 12 7 9 62 52 57 Commerce 26 19 19 4 6 6 30 25 25 Tpt/Stor/Comms 17 14 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 51,719 51,719 114,991 114,991 Manufacturing 524,308 547,636 1,071,944 209,318 16,048 225,366 Commerce 116,750 672,273 789,023 82,696 70,361 153,057 Tpt/Stor/Comms 87,075 15,162 102,237 120,357 5,811 126,168 Finance 74,858 332 75,190 169,421 125 169,546 Construction 99,684 33,071
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      979 6  -  Compiled by JOYCE HOOI Suntec Reit March 26 close: $1.785 Maybank Kim Eng Research, March 26 PRE-COMMITMENTS for Suntec City Mall’s (SCM) Phase 1 post-asset enhancement initiative (AEI) leases hit 83 per cent in Q4 2012 and we believe most were secured above the targeted $12.59 per square
      Source: Bloomberg  -  979 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 2.090 -0.010 CapitaLand 3.540 +0.020 CapitaMall 2.110 +0.020 CityDev 11.010 -0.040 ComfortDelGro 1.910 -0.010 DBS Grp 15.720 +0.050 F&N 9.440 GLP 2.620 Genting SP 1.500 +0.045 Golden Agri 0.585 -0.005 HK Land 7.560 +0.440 JMH 63.770 JSH 39.790 +0.170 Jardine C&C
      111 words
    • Article, Illustration
      Lock icon Cyprus deal fallout keeps euro weak
      475 6 CURRENCIES Reu ters [LONDON] The euro stayed close to a four-month low against the US dollar yesterday, on concern that a plan for uninsured depositors to contribute to a Cyprus rescue could be employed in future eurozone bailouts. The euro held steady at US$1.2851,
      Reuters; PHOTO: BLOOMBERG  -  475 words
    • Article
      Lock icon RISES
      112 6 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 101.8 0.5 DBXT MSEurope 10US$ 4920 74.5 1.2 Jardine C&C 5160 55.0 1.1 HK Land 756 54.6 6.2 DairyFarm 1240 31.0 2.1 DBXT SPASX200 10US$ 4081 28.5 0.6 UOB 2005 25.0 1.3 DBXT S&P Short 10US$ 3189 23.6 0.6 JSH
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    • Article
      Lock icon FALLS
      132 6 BY CENTS CLOSE DOWN DBXT E50 10US$ 4032 -242.0 -4.6 Hyflux 6% CPS 10 ***** -100.0 -0.9 DBXT AUD Bonds 5AU$ ***** -65.0 -0.3 GLD 10US$ ***** -44.7 -0.2 Lyxor China H 10US$ 1403 -33.5 -1.9 Lyxor LatinAmerica 1 741 -17.4 -1.9 Lyxor CRBNonEny10US$ 251 -11.2 -3.5 UOB 5.05%NCPS
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      Lock icon Page 7 Advertisements Column 1
      228 7 J' LEARNING VISION Unravelling the Preschool Mystery: A Day in the Life of a Learning Vision Child Um mm •tii mssi 4 m a X m Parents are naturally curious about what their children learn in preschool. What better way to find out than to visit our centres for yourselves?
      228 words
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      Lock icon Page 7 Advertisements Column 2
      139 7 The Leading Global Finance Master Degree Program for working professionals v- -r m m 2^, ?oo m. .I 1 Master of Science in Global F inance Aground-breaking one-year, modular, executive-format master degree program jointly developed by the HKUST Business School and NYU Stern School of Business, the MSGF Program takes
      139 words
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      92 8 Publlcis EtNous HERMES PARIS HERMES. TIME IN MOVEMENT mSfck TO/, w J D R ESSAG E LA MONTRE HERMES TAMES TIME SO AS TO MASTER ITS MEASUREMENT. AT THE HEART OF THE DRESSAGE MODEL TICKS THE STEADY BEAT OF THE MANUFACTURE HI837 MECHANICAL MOVEMENT. FROM DEVELOPMENT THROUGH TO THE FINAL
      92 words
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      21 8 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg,
      21 words
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  • LIVING IN STYLE
    • Article, Illustration
      Lock icon High life on the high seas
      712 9  -  Travellers now see cruises as attractive holiday alternatives and when it comes to luxury cruises, there is also the added dimension of being pampered with high-end facilities and top-level service, reports CORINNE KERK reports CORINNE KERK CRUISING, having slowly shed its image as a
      CELEBRITY CRUISES PHOTOS: ROYAL CARIBBEAN CRUISES LTD; SILVER SPIRIT PHOTOS: SILVERSEA  -  712 words
    • Article
      Lock icon In cruising mode
      243 9 7-night Galapagos Islands B cruise on Celebrity Xpedition www. celebritycruises. com Itineraries are offered year-round on its 94-guest mega yacht, Celebrity Xpedition, which sails to the Galapagos Islands, one of the world's last pristine environments. Known as the inspiration for Charles Darwin’s theory of evolution, this cluster
      243 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      167 9 S -A* There are places where an extra night can stay with you forever. PRESTIGE stss Cltl Introducing Citi Prestige. Your passport to a world of unforgettable experiences. Travel benefits abound, like complimentary nights* at over 800 luxury hotels around the world. SMS "Prestige" to ***** to apply*. www.citibank.com.sg/prestige Cltl
      167 words
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      8 9 This series is brought to you by Cltl
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Helping firms to go and grow overseas
      807 10  -  IE Singapore eases companies into the various government assistance schemes Reports by FELDA CHAY COMPANIES that find it daunting to navigate the large number of schemes introduced by the government to help them internationalise their business may find it easier to do so
      FILE PHOTO  -  807 words
    • Article
      Lock icon Score proves point by halving water use
      470 10  -  By WEE LE TING A RECYCLING plant that has helped the Singapore Corporation of Rehabilitative Enterprises (Score) Laundry cut water use by more than half has washed away the dogma that wa-ter-consumptive industries cannot save water. The water recycling plant, installed at Score’s
      470 words
    • Article
      Lock icon Sing Lun shows venturing abroad isn’t so intimidating
      497 10 MANY companies are intimidated by the idea of venturing overseas be it for relocation or expansion. The move to foreign shores, however, is not that scary or difficult. Many have done it, including Sing Lun Global, a 62-year-old textile company. Sing Lun’s
      497 words
    • Article, Illustration
      Lock icon Centre for researching S-E Asia climate opens in Singapore
      370 10  -  By AMANDA TAN THE world’s first research centre dedicated to the study of the tropical climate in South-east Asia opened here yesterday, as Singapore marked World Meteorological Day. The Centre for Climate Research Singapore (CCRS) was set up by the Meterological
      370 words
    • Article
      Lock icon PM Lee: Deepen trust to counter terrorism threat
      415 10  -  By NISHA RAMCHANDANI SINGAPORE has not suffered a terrorist attack in recent years, but the nation cannot let its guard down as the threat of terrorism has not disappeared, Prime Minister Lee Hsien Loong warned yesterday. Delivering the keynote address at the
      415 words
    • Article, Illustration
      Lock icon Healthcare IT lab to start up in April
      425 10  -  By BENJAMIN AW PUBLIC healthcare providers here can soon look forward to smoother electronic medical records (EMR) systems when Singapore’s first healthcare information technology (IT) laboratory starts operations next month. The laboratory, a collaboration between the Ministry of Health’s Integrated Health Information
      425 words
    • Article
      Lock icon GSK, Unilever senior execs get EDB awards
      324 10  -  Their contributions to S’pore’s economic growth hailed By CAI HAOXIANG TWO senior business leaders were recognised yesterday for their contributions to Singapore’s economic growth. Andrew Witty, chief executive of healthcare company GlaxoSmithKline (GSK), received the Public Service Star (Distinguished Friends of Singapore) award.
      324 words
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      155 11 L> t V i m i 'V:Xv Wm. i L m up w h tifftj' iw u o K M < V I I ..I I'’f m EQUINIX SG2 DATA CENTRE TURNS GREEN INTO GOLD PLUS I I I I ar’ Proud to be the first colocation data centre in
      155 words
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  • CUSTOMER SATISFACTION INDEX OF SINGAPORE
    • Article, Illustration
      Lock icon Foreign banks back at the top for service
      1034 12  -  Citi, StanChart, HSBC score for enhanced customer experience. ByTEH TEH SHI NING WHEN it comes to satisfying the customer, foreign banks here have zoomed back to the top of the league table. Since 2007, when the Customer Satisfaction Index of Singapore was
      FILE PHOTO  -  1,034 words
    • Article, Illustration
      Lock icon Insurance customers getting better quality and value
      621 12  -  By TEH SHI NING BOTH life and general insurers now have happier customers, going by the latest results of the Customer Satisfaction Index of Singapore. And this is because customers perceive better quality and value from their insurance providers, of whom they also
      FILE PHOTO  -  621 words
    • Article, Illustration
      Lock icon CSISG Q4 2012 scorecard
      662 12 2012 National score 69.9 71.7 Finance Insurance 71.8 Banks 74.5 Citibank* 74.0 HSBC* 73.5 Standard Chartered* 71.2 UOB 70.8 Maybank 69.1 DBS 69.0 OCBC 72.1 Other banks 70.6 Life Insurance 72.8 Great Eastern* 70.7 American International Assurance 70.1 Prudential 70.0 NTUC Income 69.0 Manulife 69.1 Other
      662 words
    • Article, Illustration
      Lock icon The total patient experience counts
      1078 13  -  Patient satisfaction at restructured hospitals and polyclinics extends beyond medical care to administrative convenience, reports LYNN KAN IT TOOK all of 20 minutes for 28-year-old Lester Kok to see his specialist at a restructured hospital for a regular check-up. But Mr Kok was left frustrated
      FILE PHOTO  -  1,078 words
    • Article, Illustration
      Lock icon Patients happier with service at most restructured hospitals
      488 13  -  By LYNN KAN NEARLY all the seven restructured hospitals here delivered their patients a better experience last year than the year before. The Customer Satisfaction Index of Singapore 2012 (CSISG) noted that nearly all such hospitals made significant improvements in delivering customer
      FILE POTO  -  488 words
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      208 13 ISES CORPORATE MEMBERSHIP M SMU H SINGAPORE MANAGEMENT UNIVERSITY THE HALLMARK OF SERVICE EXCELLENCE ISES is committed to helping organisations in Singapore push the boundaries of service excellence. The ISES Corporate Membership is targeted to assist your organisation as you strive towards service excellence for value creation and extraction. As
      208 words
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      56 13 SMU j INSTITUTE OF SERVICE EXCELLENCE SINGAPORE MANAGEMENT UNIVERSITY A quarterly series brought to you by the Institute of Service Excellence at Singapore Management University (ISES). Featuring findings from the Customer Satisfaction Index of Singapore, it also reveals insights on leadership and strategy from industry leaders, particularly in leveraging customer
      56 words
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      647 15 WELCOME TO THE ERA OF On a smarter planet, we’ve seen how predictive analytics can help transform everything from how we fight crime to how we improve things like healthcare, food safety and utility grids. For companies, this has raised interesting questions about how to take advantage of the unprecedented
      647 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Shangri-La (M) shares rise on delisting talk
      479 16  -  StanChart unit sells 22% stake to Kuok Brothers, raising its share to nearly 75% By in S JAYASANKARAN in Kuala Lumpur SHANGRI-La Hotels (Malaysia) shares yesterday rose by over 2 per cent to RM4.30 apiece, buoyed by speculation that its majority shareholder Robert
      479 words
    • Article
      Lock icon Ramsay, Sime Darby to start Asian healthcare JV
      511 16 Bloomberg [CANBERRA] Ramsay Health Care Ltd, Australia’s biggest operator of private hospitals, agreed to start an equal joint venture with Sime Darby Bhd to manage their Asian healthcare assets. Ramsay’s three hospitals in Indonesia will be combined with Sime Darby’s Malaysian assets,
      Bloomberg  -  511 words
    • Article, Illustration
      Lock icon Indonesia urged to stop rice imports
      455 16 Reuters [JAKARTA] Indonesia’s rice surplus will jump by as much as 22 per cent to 8.3 million tonnes this year, an agriculture ministry official said on Monday, and urged state procurement agency Bulog to scrap imports this year and build stocks from domestic supplies.
      Reuters; PHOTO: REUTERS  -  455 words
    • Article
      Lock icon BNI looks to sell insurance unit stake
      376 16 Re uters [JAKARTA] PT Bank Negara Indonesia plans to sell up to 40 per cent of its life insurance unit, its top official said yesterday, as the country’s fourth largest lender seeks to profit from global interest in South-east Asia’s insurance market. BNI
      Reuters  -  376 words
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      123 16 GL0BRLB#13 SECURITY n Ti n International Exhibition Conference on Counter Terrorism Security Asia Pacific’s Premier Exhibition and Conference focusing on Counter Terrorism, Internal State Security, Law Enforcement and Civil Defence Opens next Tuesday! 2-4 April 2013 Sands Expo Convention Centre, Level 1, Halls B C Marina Bay Sands, Singapore Event
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      238 16 NOTICES NOTICE OF MEMBERS' AND CREDITORS' MEETING NATURAL FUEL PTE LTD (RECEIVERS MANAGERS APPOINTED) (IN COMPULSORY LIQUIDATION) Company Registration No: *****5472G Winding Up No. 134 OF 2009/K Take notice that a meeting of members and creditors in the above named company will be held at 6 Shenton Way Tower Two,
      238 words
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      66 16 Looking for a Platform to showcase your Maternity or BaBy relateD proDucts/services? 2013 The Marketplace for New Expecting Parents V 12-14 July 2013 Singapore expo Great peals! Exciting programs! Reach out to More than 80,000 Parents! £0013 NOW! Limitep Booths availaBle! For more information, please email to ms Angela Phua
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      59 16 LOOKING FOR A PLATFORM TO SHOWCASE AND PROMOTE YOUR PRODUCTS? 3 M FOOD ELECTRONICS BAZAAR 2013 12-14 July 2013 Singapore Expo Hall 4 4th year running Attracting more than 120,000 visitors r BOOK NOW! booths available! For more information, please contact Ms Adeline Goh (9681 8289) gohtna@sph.com.sg Mr Frankie Slow
      59 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Guangdong property crackdown signals wider moves ahead
      718 17 Guangzhou and Shenzhen among 70 cities with sharpest home price spikes Reuters [SHANGHAI] A plan by China’s southern Guangdong province, the first in the country to implement strict property cooling measures as directed this month by the central government, may signal that at
      Reuters  -  718 words
    • Article, Illustration
      Lock icon Shades of sub-prime fiasco in abandoned India gold loans
      398 17 REUTERS BREAKINGVIEWS [SINGAPORE] The myth that Indians’ love for gold is driven by tradition rather than financial self-interest has been dashed. Falling prices have prompted borrowers who took out loans secured against the yellow metal to break a cultural taboo and
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    • Article
      Lock icon India plans new rules for firms pledging shares
      428 17 Bloomberg [KOLKATA] India’s capital market regulator will frame stricter rules for companies and owners pledging shares as collateral to borrow funds after uneven disclosures resulted in some small companies plunging 80 per cent last month. The Securities Exchange Board of India (Sebi)
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      73 17 sth U SINGAPORE PRESS HOLDINGS asJa one v J Catch up with the Latest Business News with AsiaOne smartphone app STOCK Pav attention to pit health'. UN urges Malaysians amol top workaholics^ SINGAPORE r .isemert •liiSli Ekpetiences ,C home&Away ets fto 60% o« HEALTH Hi H H iPhone Download the
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      68 17 w I I t a v&. ’'It' I/,, Jh "he Oxford Executive MBA A 21-month part-time modular programme designed to help senior professionals realise their potential whilst delivering international general management competence to their organisations. Meet us in: Hong Kong, 8 April Shanghai, 11 April Apply now for January 2014
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  • ECONOMY WATCH
    • Article
      Lock icon NY Fed chief defends QE3 programme
      746 18 Very easy monetary policies gaining traction and must not be adjusted yet Reuters [NEW YORK] The Federal Reserve must remain very accommodative because the labour market remains far from healthy despite some recent improvement in the broader economy, an influential US central bank official
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      Lock icon More modest rebound than ‘insourcing boom’
      440 18 US exports not up by much; energy savings overstated WP [WASHINGTON] One of the hottest trend stories in recent years has been the idea that US manufacturing is on the verge of a sustained, permanent comeback. The logic goes like this: Labour costs in
      WP; PHOTO: REUTERS  -  440 words
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      Lock icon German advisers slash growth forecast for 2013
      345 18 Reuters [BERLIN] Economic advisers to the German government more than halved their forecast for 2013 growth, blaming a sharp fourth-quarter contraction and weak prospects for foreign trade and investment. The advisers, known in Germany as the “wise men”, predicted the economy would almost
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      Lock icon S Korea grows at slowest pace since recession
      251 18 Bloomberg [SEOUL] South Korea’s economy expanded last quarter at the slowest pace since the global recession, underscoring the case for stimulus by the new government and concern that a weaker yen will curb exports. Gross domestic product rose 1.5 per cent from
      Bloomberg  -  251 words
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      333 18 Iv Savour the joys oi* haster Pan Pacific Orchard, Singapore delights you with an Easter Extravaganza. Savour a delectable Sunday Brunch (31 March 2013) at 10 at Claymore, priced from S$88 per person. Children enjoy a fun-filled brunch at S$38* 1 with a variety of activities and the chance to
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  • WORLD
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      Lock icon Durable goods orders jump 5.7%; home prices surge
      582 19 But consumer confidence slips in March after rebounding in Feb LATEST US DATA Reuters AP [WASHINGTON] US factory activity and the housing market are showing further signs of growth although consumer confidence took a dip. Demand for long-last-ing US manufactured goods surged
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    • Article
      Lock icon BRICS nations reach deal on development bank
      415 19 AFP [DURBAN, South Africa] The BRICS grouping of emerging powers yesterday agreed to establish a development bank that would rival Western-backed institutions, South Africa’s finance minister told AFP. “It’s done,” Pravin Gordhan said after meeting with his counterparts from Brazil, Russia, India and
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    • Article
      Lock icon Bank of Cyprus chief resigns as banks stay shut
      407 19 Reuters AP [NICOSIA] The chairman of Cyprus’s biggest commercial bank offered his resignation as banks stayed shut to stop a run on deposits after the island agreed a painful bailout to avert bankruptcy. The chairman of the Bank of Cyprus, Andreas
      Reuters; AP  -  407 words
    • WORLD WATCH
      • Article
        Lock icon Basel proposes cap to halve bank exposures
        131 19 Reuters [LONDON] The Basel Committee of banking supervisors from nearly 30 countries wants to tighten guidelines for so-called large exposures to avoid banks becoming vulnerable in rocky markets. It wants banks to limit its exposure to any other single bank at no more
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      • Article
        Lock icon EU expands probe into credit default derivatives
        93 19 Reuters [BRUSSELS] The International Swaps and Derivatives Association (ISDA) may have acted with investment banks to block exchanges from entering the credit derivatives market, EU antitrust regulators said as they expanded their investigation into the sector. The investigation into credit default derivatives is
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      • Article
        Lock icon Lighter capital requirements for UK’s start-up banks
        111 19 Reuters [LONDON] Start-up banks in Britain won’t need as much capital as their established rivals from next month, Britain’s Financial Services Authority (FSA) said in a policy move to boost competition. Under pressure from lawmakers to increase choice in a sector dominated by
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    • Article
      Lock icon Fed policies help to boost global growth: Bernanke
      651 20 He rejects criticism that Fed policies could lead to global currency war AP [WASHINGTON] Chairman Ben Bernanke said on Monday that the US Federal Reserve’s low interest rate policies are helping to boost growth around the world, and he rejected criticism that
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      Lock icon Central banks may grow too powerful: economist
      457 20 Reuters [LONDON] Major central banks could become too powerful if they are given far-reaching new powers but remain fully independent from politics, Olivier Blanchard, the chief economist of the International Monetary Fund (IMF), said on Monday. The roles of major central banks, including
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    • Article
      Lock icon Sharp-Hon Hai deal falls through as deadline lapses
      513 20 AFP [TOKYO] The deadline for a crucial capital injection in Sharp from Taiwan’s Hon Hai Precision lapsed yesterday without any deal, with the struggling Japanese electronics giant citing regulatory hurdles. Last year, Sharp announced an investment agreement then valued at about US$800
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    • Article
      Lock icon Libor setting to remain voluntary for now: FSA
      551 22 New Libor rules out next month based on proposals made last September Reuters [LONDON] Banks’ participation in compiling the London Interbank Offered Rate (Libor) benchmark interest rate that was at the centre of a fixing scandal last year will remain voluntary when
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    • Article
      Lock icon Harvard asks alumni to offer free online mentoring
      459 22 NYT [NEW YORK] Alumni of elite colleges are accustomed to getting requests for money from their alma mater, but the appeal that Harvard sent to thousands of graduates on Monday was something new: a plea to donate their time and intellects to
      NYT  -  459 words
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      Lock icon Sexism in the City of London as men rule in municipal polls
      991 22 Bloomberg [LONDON] Some companies are flouting rules that say the employees they choose to vote in City of London elections should reflect the make-up of their workforces. In the elections last week, Prudential Plc sent only men to
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    • Article
      Lock icon Fines eat up UK banks’ 2012 profits
      220 24 Xin hua [LONDON] Increased profits by Britain’s major banks last year were wiped out by regulatory fines and customer redress provisions, said a report by KPMG. It said the banks recorded a 45 per cent rise in core profits in 2012 to a
      Xinhua  -  220 words
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      Lock icon Just do it, says Yahoo’s teen app millionaire
      695 24 Plenty of money out there waiting for clever new moves: London schoolboy Reuters [LONDON] Got a tech idea and want to make a fortune before you’re out of your teens? Just do it, is the advice of the London schoolboy who’s just
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    • Article
      Lock icon Lloyds pays 25 staff over £1m each
      516 24 Reuters [LONDON] Britain’s part-nationalised Lloyds Banking Group paid 25 staff more than £1 million (S$1.9 million) each in 2012, a year in which it set aside billions of pounds to compensate customers mis-sold loan insurance. The bank, which is 39 per cent owned
      Reuters  -  516 words
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      Lock icon US warned of risks from labs
      468 24 Facilities to study anthrax, plague lack standards, strategy Reuters [WASHINGTON] The US high-security laboratories that study deadly diseases such as anthrax and plague lack national standards and strategy, putting the country at risk, a congressional watchdog reported. The United States has made no overall
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      Lock icon Slovenia’s new govt told to avoid bailout
      1052 26 PM pledges country will avert Cypruslike crisis on its own in ‘a crucial year’ Bloom berg [LJUBLJANA, Slovenia] Slovenia’s six-day-old government is being urged to prevent the nation from becoming the euro region’s next bailout battleground. Prime Minister Alenka Bratusek’s Cabinet must quickly
      Bloomberg; PHOTO: BLOOMBERG  -  1,052 words
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      Lock icon France against rushing into US-Europe free-trade pact
      785 26 NYT [PARIS] If anyone thought working out a free-trade agreement between the United States and the European Union (EU) was going to be easy, France has a message: Slow down. “We will all win, provided we don’t rush,” French Trade Minister Nicole Bricq
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      Lock icon Puerto Rico pins hopes on new tax-haven status
      1033 27 Influx of wealthy financiers to provide much-needed lift to island’s economy NYT [NEW YORK] Known for its white-sand beaches and killer rums, Puerto Rico hopes to stake a new claim: tax haven for the wealthy. Since the beginning of the year, the
      NYT; PHOTO: AP  -  1,033 words
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      1368 19 WATS NOTICES 0 CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD (if M) Incorporated in the Republic of Singapore Company Registration No.*****3293Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 19th Annual General Meeting of the Company will be held at SHINE Auditorium, 100 Beach Road, #03-01, Shaw Tower,
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      1726 20 ZAGRO ASIA LIMITED Company Registration No. *****6784D (Incorporated in the Republic of Singapore) (the Company) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Eighteenth Annual General Meeting of the Company will be held at Zagro Global Hub, 5 Woodlands Terrace #06-00, Singapore *****0 on Tuesday, 30th April
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      2750 21 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) Notice of Annual General Meeting/Closure of Books ALL MEMBERS ARE CORDIALLY INVITED TO ATTEND the annual general meeting of Keppel Telecommunications Transportation Ltd (the “Company”) to be held at Four Seasons Hotel Singapore, Crescent Ballroom (Level
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      1750 22 m WAT3 NOTICES CHINA XLX FERTILISER LTD. 41 m /t\ g >t\ it e pg (Incorporated in Singapore with limited liability) (Company Registration No. *****0384G) Singapore Stock Code: B9R Hong Kong Stock Code: 1866 NOTICE OF THE 2013 AGM NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting (the
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      2159 23 TECHCOMP (HOLDINGS) LIMITED 天美控股有限公 (incorporated in Bermuda with limited liability) (Hong Kong Stock Code: 1298) (Singapore Stock Code: T43) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (the “AGM”) of Techcomp (Holdings) Limited (the “Company”) will be held
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      3009 23 Q NEWTOWN CHINA NEW TOWN DEVELOPMENT COMPANY LIMITED (Incorporated as a company limited by shares under the laws of the British Virgin Islands) (Company Registration Number: *****73) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company (“AGM”) will be held at Regus
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      1219 24 »»[«SATS NOTICES a CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD (irM) Incorporated in Republic of Singapore Company Registration No.: *****3293Z NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of China Aviation Oil (Singapore) Corporation Ltd (the “Company”) will be held at SHINE Auditorium, 100
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      2047 25 CHEMOIL ENERGY LIMITED (Company Registration Number: *****1) (Incorporated in Hong Kong S.A.R.) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Chemoil Energy Limited (“the Company”) will be held at Royal Palm, 30 Raffles Avenue, #01-02 Singapore Flyer, Singapore *****3 on Thursday, 18 April
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      1590 26 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices $> CHINA PRINT POWER GROUP LIMITED (Incorporated in Bermuda) (Company Registration Number *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of China Print Power Group Limited (the “Company”) will be held at 14/F, Fairmont House, 8 Cotton
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      846 27 SBS TRANSIT LTD (Incorporated in the Republic of Singapore) (Co. Reg. No.: *****6653M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twentieth Annual General Meeting of the Company will be held at the Auditorium, ComfortDelGro Headquarters, 205 Braddell Road, Singapore *****1 on Thursday, 25 April 2013 at
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  • EDITORIAL & OPINION
    • Article
      Lock icon Cyprus another wake-up call for eurozone
      513 28 EDITORIAL IN some cases, the cure can be worse than the disease. The jury is still out on whether that’s the case in Cyprus. The last-minute deal in which Cypriot President Nicos Anastasiades accepted the terms from the so-called troika of the eurozone the
      513 words
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      Lock icon America is stuck in the muddle in the Middle East
      853 28  -  THE BOTTOM LINE LEON HADAR Washington Correspondent TAKING a dig at the city of his birth, the American comedian WC Fields told an interviewer once that he would like his gravestone to read: “All things considered, I would rather be
      853 words
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      Lock icon A blueprint to train S’pore core in the workforce
      936 28  -  Just as soldiers need BMT to be battle ready, graduates need training to be job ready By NGIAM TONG DOW The writer is a former permanent secretary who has served in several ministries and statutory boards, as well as corporate boards.
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      Lock icon Greece, now Cyprus – what next?
      1212 29  - Greece, now Cyprus what next? Market volatility likely to rise this year and the Cypriot deal may be a major factor for that to happen By STEFAN HOFRICHTER, STEFAN SCHER The writers are CFA head of Global Economics and Strategy Group, and vice-president, Global Capital Markets Thematic Research, Allianz Global
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      Lock icon The RMB advantage for Singapore businesses
      754 29  -  By JOSEPH ARENA The writer is head of Global Trade Receivables Finance at HSBC Singapore THE renminbi, also known as the yuan, is reordering the global trade environment, presenting new opportunities for those businesses bold enough to grasp them. Singapore’s trade with China has
      754 words
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  • Transport HUB
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      Lock icon Asia will need more port projects
      769 30  -  Average capacity utilisation would be unsustainable without additional port investment STRAIT TALK By DAVID HUGHES I REMEMBER, when doing research at the Institute of Southeast Asian Studies in 1981, wondering what effect containerisation might have on the Port of Singapore. The first container terminal,
      PHOTO: AFP  -  769 words
    • Article
      Lock icon Frontline hopes its new ships will beat glut
      994 30 It says low capital and operating costs give it a good start Bloomberg [LONDON] John Fredriksen, the richest shipping investor, is spending US$2.6 billion on the biggest fleet of fuel-efficient ships in history, betting that record energy costs and a global capacity
      Bloomberg  -  994 words
    • Article
      Lock icon Kawasaki Heavy to curb Japan ops, focus on Brazil
      413 30 Bloomberg [TOKYO] Kawasaki Heavy Industries Ltd, Japan’s third-biggest shipbuilder, said it will shrink operations in Japan to focus on overseas construction of offshore vessels and that the recent weakening in the yen isn’t enough to effectively compete with South Korean rivals.
      Bloomberg  -  413 words
    • Article
      Lock icon TRANSPORT STOCKS
      243 30 SGX '000 Mar 26 S$ +/-Vol CH Offshore 0.48 0.01 39 Chuan Hup Hldg 0.27 unch 754 Cosco Corp 0.92 0.01 3170 s$ Ezra Hldgs 1.16 0.04 8968 First Ship Lea 0.12 unch 484 Freight Links Chuan Hup Hldg Grand Banks.............unch unch 0 Jaya Hold Ltd 0.68 unch
      243 words
    • SEA ASIA 2013
      • Article, Illustration
        Lock icon Relationships matter in ship finance
        1400 31  -  Shipping market appears to be improving but ship-finance sector doesn’t seem to be in as good shape, reports VINCENT WEE reportsVINCENT reportsVINCENT WEE AS the first quarter of the year draws to a close, there are indications that the shipping market has bottomed out; newbuilding
        FILE PHOTO; PHOTO: BLOOMBERG  -  1,400 words
    • TRANSPORT HUB: AVIATION
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        Lock icon Lufthansa digs in its heels over wage dispute
        600 32 Airline widens its cost-cutting drive, is willing to risk strikes by pilots, employees Reuters [NEW YORK] Lufthansa signalled its readiness to take a tough stance in a wage dispute, even risking strikes by pilots and other employees, as the German airline widens
        Reuters; PHOTO: AP  -  600 words
      • Article, Illustration
        Lock icon Dreamliner completes first test flight
        723 32 Reuters [NEW YORK] A Boeing Co 787 Dreamliner took to the sky in a test flight aimed at showing that the plane’s new lithium-ion battery system meets regulatory safety standards, a key step in ending a two-month, worldwide grounding of the high-tech jet. Monday’s roughly
        Reuters; PHOTO: REUTERS  -  723 words
      • Article, Illustration
        Lock icon Former Lagarde aide to head Air France-KLM
        327 32 Airline’s current CEO will hand over top job in July Reuters PARIS] Air France-KLM chairman and chief executive Jean-Cyril Spinetta will hand over the reins of the Franco-Dutch carrier to Air France division head Alexandre de Juniac on July 1, the carrier said.
        Reuters  -  327 words
      • Article
        Lock icon ILFC removes one aircraft after Kingfisher default row
        429 32 Reu ters [PARIS] Aircraft lessor International Lease Finance Corp (ILFC) said it had successfully removed one of six aircraft stranded in India by a dispute over the suspension of operations at Kingfisher Airlines. Financiers have warned that failure to resolve the dispute
        Reuters  -  429 words
    • TRANSPORT HUB: LAND
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        Lock icon Ford’s CEO concerned about yen’s depreciation
        418 33 Letting the markets determine currency key in int’l trading system: Alan Mulally [MUMBAI] Ford Motor Co chief executive officer Alan Mulally said he’s concerned about the depreciation of the yen that’s bolstering the competitiveness of Japanese carmakers. “The most important thing that most countries
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      • Article
        Lock icon Dutch track fees prompt Eurostar review of Amsterdam route plans
        610 33 Bloomb erg [LONDON] Eurostar Group Ltd said it’s reviewing plans to operate trains from London to Amsterdam in the light of Dutch track access charges. The 10 new e320 trains that Eurostar has ordered at a cost of £700 million
        Bloomberg  -  610 words
      • Article
        Lock icon Fiat to make cheaper 500L for Serbia market
        387 33 Italian carmaker cuts subsidy deal with Belgrade Reuters [BELGRADE] Serbia and Italian carmaker Fiat have agreed on a subsidy deal to produce a cheaper version of the 500L compact car for the domestic market, the Blic newspaper reported. Under the deal, the
        Reuters  -  387 words
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      38 30 FM KISS 92 All the great songs in one place CMch s A Catch the Nissan-Kiss92 Kiss Mobile for car decals and great prizes! Tune in to Kiss92 for more details! 27 MARCH (WEDNESDAY), 6:00PM k1ss92.sg nfacebook.com/kiss92fm Q@kiss92fm
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      58 30 Where the brightest minds and best solutions converge a a c ASIA 10-12 JULY 2013 Marina Bay Sands, Singapore Singapore’s only dedicated office solutions and business event Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sf^l Blk 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel: (65) 6848 5938
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  • Page 32 Miscellaneous
    • Miscellaneous
      Lock icon Page 32 Miscellaneous Column 1
      292 32 CRYPTIC CROSSWORD Across 1 Pulp song, with raw licks, Common People (7,5) 8 Breaks in rugby strip playing outside (7) 9 Weapon’s steady holding attention (7) 11 Parody from weirdo about a politician (7) 12 Relic, it seems, contains extracts (7) 13 Measure bottling old wine (5) 14 ‘Blame former
      292 words
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      580 33 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 Media
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  • Article
    Lock icon SHIPPING TIMES
    2804 34 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
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      181 35 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 M the business times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL
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      0 35 $'\(@;@-[|-$/)}$_<_/*{>;,{-'/~-
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2960 36 Transaction date: Mar 26 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 15 11.4 8Telecom Day 98 59 ABR Hldgs 67 unch 138 67 65.5 65.5 68 1.2 46.3 1.7 134.6
      2,960 words
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      Lock icon SGX CATALIST
      210 37 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 4.6 1.3 t Advanced System 1.9 unch 6586 1.9 1.9 1.8 1.9 30.2 Last Quote Div Gr Yld Net M Cap High
      210 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10534 37 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Funtf Cl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Local dey SD Bond Global Emerging Markets!** Asian Smaller Cos!' 2.005/ EM local Ccy Bond 1 005/ European Opportunities 1
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    • Article
      Lock icon GLOBALQUOTE
      249 37 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46.5 30 Genting HK US$ US44 -1 ***** 45 43.5 44 44.5 2897.2 Last 260 181 TanChongInt HK250cd unch 3429 251 249 249 253 4.3 2.8
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      Lock icon SGX ETF
      915 37 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118.5 +0.4 5 118.5 118.5 118 118.8 540.9 136.8 120.4 CIMB APAC Div 100S$D 136.1 136.3 137.2 111.7 95.8 CIMB
      915 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      623 38 Mar 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.79 *****.12 *****.04 Jun13 *****.00 *****.00 *****.00 *****.00 *****8 *****1 Sep13 *****.00 *****.00 *****.00 *****.00 82 1540 MSCI TAIWAN INDEX FUTURES SPOT 282.52 282.91 281.49 Mar13 282.20 282.60 279.60 281.20 *****1 *****3 Apr13 282.00
      623 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 38 In local curr In S$ In US$ dy yr dy yr dy yr Mar 25 Index Change Change Change Change Change Change World Preliminary 1019.5 -0.2 8.7 -0.7 8.6 -0.4 6.6 EAFE Preliminary 845.8 -0.1 9.2 -0.8 6.7 -0.4 4.7 Europe Preliminary 1219.3 -0.5 6.3
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 38 Mar 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.069 6.510 0.815 8.133 56.898 101.981 0.987 11.588 3.242 1.253 103.124 43.039 1.300 9.726 0.995 31.311 30.736 0.690 1.048 Canada 0.936 6.091
      471 words
    • Article
      Lock icon SIBOR
      68 38 Mar 26 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
      68 words
    • Article
      Lock icon PRECIOUS METALS
      134 38 Mar 26 GOLD(US$/oz) Mar 26 Mar 25 Hong Kong 1609.00 1613.30 Mar 25 Mar 22 London 1602.94 1608.00 1603.78 1608.75 Source: Thomson Reuters CAST BAR Mar 26 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 144 64 5gm 408 320 10gm 729 639
      134 words
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      Lock icon GOVERNMENT SECURITIES
      90 38 Mar 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 27-Jun-13 0.25 6-Month BS*****T 19-Sep-13 0.26 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.02 100.08 100.05 5-Year N*****0Z 2.375
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      Lock icon PALM OIL
      57 38 Mar 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 13 2410.0 2428.0 2410.0 2400.0 35 2161 May 13 2452.0 2455.0 2452.0 2418.0 1846 ***** Jun 13 2450.0 2462.0 2452.0 2426.0 7739 ***** Jul 13 2455.0 2464.0
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      155 38 Mar 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3000 1.3008 1.0477 1.0482 Canadian dollar 1.2164 1.2170 0.9807 0.9803 Euro 1.5960 1.5967 1.2863 1.2866 NZ dollar 1.0372 1.0377 0.8359 0.8362 Sterling pound 1.8843 1.8848 1.5186 1.5188
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      107 38 Mar 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1437.25 1440.50 1445.50 1430.50 Jul 13 1417.50 1418.00 1423.25 1408.50 Aug 13 1372.50 1373.00 1379.00 1363.75 Sep 13 1302.75 1301.25 1308.75 1297.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13 50.44
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      80 38 Mar 25 COCOA (£/tonne) Close Prev High/Low May 13 1435 1446 1461/1429 Jul 13 1448 1460 1474/1444 Sep 13 1458 1469 1483/1454 Dec 13 1460 1472 1486/1455 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2074 2095 2114/2083 May 13 2118 2139 2147/2107 Jul 13 2123 2140 2150/2113 Sep 13 2128
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      951 38 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Ratio Asiatravel.com HoldingsW*****7 3 1 25 16 Asiatravel.com HoldingsW*****5 3.3 1 27 40 BakerTech W*****5 16.9 0.6 1331 1 27 -1 2.63 27 Best World Intl Ltd
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      70 38 CRUDE OIL PRODUCTS Mar 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.80 0.32 WTI (Near Mth) 94.56 1.17 Dubai (1-Mth F) 105.04 0.72 Tapis blend 113.09 -0.04 Minas 108.09 0.46 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.67 1.56 Jet Kerosene 120.40 0.79 US$/barrel OpecOil Basket
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      22 38 Mar 26 S$ Bid Offer 1-month 1.2408 1.2410 2-months 1.2407 1.2410 3-months 1.2407 1.2410 6-months 1.2403 1.2415 Source: OCBC
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      65 38 Mar 25 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1895.50 1914.50 3 months 1929.00 1947.00 Copper, Grade A(US$/tonne) Cash 7586.00 7621.75 3 months 7620.00 7655.00 Lead(US$/tonne) Cash 2156.50 2164.50 3 months 2181.00 2189.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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      121 38 As at 9am Mar 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.332 1.269 Can dollar 1.247 1.188 Euro 1.638 1.560 Sterling pound 1.924 1.850 NZ dollar 1.073 1.013 US dollar 1.269 1.209 Local dollars to 100 units of foreign
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      157 38 Mar 26 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12
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      693 40  -  Outlook buoyed by improving investor sentiment and the expectation of aggressive injection of liquidity into Japan’s economy MONEY MATTERS HAREN SHAH The writer is Citibank’s senior investment strategist for wealth management in the Asia-Pacific THE question of when the Japanese economy might awaken
      PHOTO: REUTERS; Source: Datastream, Citi Research. As of 8 March 2013; Source: Citi Research. As of 1 March 2013  -  693 words
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      1181 40 NYT [NEW YORK] Most people would probably be quite happy to receive an inheritance. They would pay off debt, maybe their mortgage; save for retirement; take a trip or two. It would be blissful, and it would make their lives easier. Then there
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      903 39  -  While investors have approved recent central-bank activism by the Fed and BOJ, some economists are more sceptical By KRISTINA HOOPER The writer is US head of investment and client strategies, Allianz Global Investors MARK Twain once observed famously: “History may not always repeat itself but it
      Source: Federal Reserve, Report published in December 2012; PHOTO: AP  -  903 words
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      169 2 / 3 x r www.inessence.com.sg ELEVATE YOUR VIEW OF THE WORLD. Just a 5-mmute stroll from Orchard Road, a limited collection of 40 bespoke residences awaits you at Skyline Orchard Boulevard. Designed by Pritzker Prize Laureate Fumihiko Maki, enjoy the luxury of transforming every room, aspect and detail. Built by Japan’s leading
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      192 4 contentsMarch 2013 10 Trust, stewardship and the plight of a private banker A look at how the evolving rules of play are bringing a new paradigm shift in the wealth management advisory landscape iSTOCKPHOTO PHOTO: 12 Friend or foe Post financial crisis, the courts are seeing a surge in cases
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      128 5 Credit Suisse n P®S8*>i -> K*CwW T u -f »Sv V :< r -> m if > if "7 i r I yv > U< m Vf > V v ij < xi r 1 j W f L y <•* or -r 1 Best Private Bank Indonesia Best Private
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      185 6 33 34 26 contents March 2013 24 Look to the East Asian credit markets are likely to remain constructive this year 26 Fertile ground for growth Asia-Pacific real estate equity markets show potential against a backdrop of strong liquidity, low interest rates and healthy transaction volumes 28 Looking for winners
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      74 7 SOME OF OUR CLIENTS ARE OVER 300 YEARS OLD. In our experience it’s not only a family’s wealth that is passed down to the next generation, but the expertise to manage and protect that wealth too. Many of our clients bank with us because their fathers did. And their fathers’
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  • Wealth
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      657 8  -  By Genevieve Cua S your private banker your trusted adviser? Most banks would like to think so, even though surveys have found that trust is an elusive asset that seemed in very short supply following the 2008 financial crisis. Yet trust is a core value that must be
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    • ADVISORY LANDSCAPE
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        1038 10  -  A LOOK AT HOW THE EVOLVING RULES OF PLAY ARE BRINGING A NEW PARADIGM SHIFT IN THE WEALTH MANAGEMENT ADVISORY LANDSCAPE By Justin Ong Justin Ong is Partner and Asia-Pacific Private Banking Leader of PwC’s Financial Services Industry Practice in Singapore
        PHOTO: STOCK.XCHNG; Source: 2011 PwC Asia-Pacific Private Banking Survey  -  1,038 words
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        1233 12  -  POST FINANCIAL CRISIS,THE COURTS ARE SEEING A SURGE IN CASES BROUGHT BY DISGRUNTLED CUSTOMERS AGAINST BANKS FOR LOSSES SUSTAINED ON THEIR INVESTMENTS By CHANDRA MOHAN RETHNAM Chandra Mohan Rethnam (PBM) is Equity Partner, Rajah Tann LLP A FFLUENCE in today’s society is on the rise and increasingly,
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        3195 14 OUR PANEL GIVES ITS TAKE ON THE EXTENT THE INDUSTRY HAS MOVED IN ADDRESSING THE LACK OF TRUST POST-CRISIS AND GIVES POINTERS ON PICKING ADVISERS SINGAPORE is acknowledged as a major hub for wealth management. But it has had its share of mis-selling of complex
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        216 16 Genevieve Cua, BT Wealth Editor poses questions to four wealth experts fortheir views on the evolution of the client-banker/adviser relationship. Anthonia Hui is a veteran in private banking. Ms Hui co-founded independent financial advisory AL Wealth Partners in Singapore in 2007.Thefirm holdsacapital markets services licence and
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        1011 18  -  A LOOK AT WHY INVESTORS ARE WARMING UP TO DISCRETIONARY PORTFOLIOS By HOU WEY FOOK Hou Wey Fook (CFA) is Chief Investment Officer, Bank of Singapore A SIAN high net worth individuals are generally hands-on when it comes to deciding on their investments. However, we see increasing
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        1178 19  -  OVER-AGONISING SHORT-TERM NOISE CAN BE A REAL HINDRANCE TO INVESTORS, SO ALLOCATE FUNDS BASED ON MEDIUM TO LONG-TERM FINANCIAL GOALS, SAYS FULLERTON FUND MANAGEMENT CHIEF By GENEVIEVE CUA ULLERTON Fund Management is making a beeline to fill a gap that it sees in the competitive funds
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        1017 20  -  WHILE GLOBAL ECONOMIES LOOK SET FOR RECOVERY IN 2013, COUNTRYAND SECTOR-BASED INVESTMENTS STILL DEPEND VERY MUCH ON THE NATURE OF ASIA’S GROWTH By Benjamin BENJAMIN YEO Benjamin Yeo is Head of Investment Strategy, Asia, Barclays HE overriding investment theme for 2013 is one of growth recovery
        PHOTO: STOCK.XCHNG; Source: MSCI Indices, Datastream as at Jan 18, 2013  -  1,017 words
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        1065 22  -  2013 APPEARS TO BE AYEAR OF TRANSITION FROM A POLICY-DRIVEN GLOBAL ECONOMY TO ONE WITH A MORE SUSTAINABLE GROWTH PROFILE By ALEXIS CALLA Alexis Calla is Global Head, Investment Advisory and Strategy, Standard Chartered Bank was a year where the search for yield was of paramount importance
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        1054 24  -  ASIAN CREDIT MARKETS ARE LIKELY TO REMAIN CONSTRUCTIVE THIS YEAR By DAVID TAN David Tan is Chief Investment Officer for Fixed Income in the Asia-Pacific for Allianz Global Investors N 2012, global credit markets delivered a robust performance with exceptional outperformance coming from Asian credits. This
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        1350 26 ASIA-PACIFIC REAL ESTATE EQUITY MARKETS SHOW POTENTIAL AGAINSTA BACKDROP OF STRONG LIQUIDITY, LOW INTEREST RATES AND HEALTHY TRANSACTION VOLUMES By UOB Asset Management Asia Ex-Japan Equities Team F ACTORS that underpinned real estate equities in 2012 low interest rates, strong liquidity and an improving global economic
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        947 28  -  INVESTORS ARE SEARCHING FORGROWTH AND EMERGING CORPORATE LEADERS IN A STAGNANT WORLD ECONOMY By DIXON WONG Dixon Wong is Sub-manager of the DWS China Equity Fund, Harvest Global Investments NVESTING in China is about searching for sweet spots of growth in the stagnant post-financial-crisis world
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        1054 29  -  GOLD’S UNIQUE PROPERTIES MAKE IT AN ESSENTIAL COMPONENT OF A PORTFOLIO. THE REAL QUESTION FOR INVESTORS IS NOT WHETHER ONE SHOULD OWN IT OR NOT, BUT WHETHER ONE SHOULD INCREASE OR DECREASE THE POSITION By CHLOE KOOS Chloe Koos is Commodities Strategist, Pictet Cie G OLD price
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        1209 30  -  LONDON AND TOKYO COME UNDER THE SPOTLIGHT AS REAL ESTATE INVESTMENTS WITH MUCH POTENTIAL By DORIS TAN Doris Tan is Head of Residential International Projects, Jones Lang LaSalle, Singapore HEN considering various investment opportunities, property is almost always one of the key asset classes that individuals look
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        1013 32  -  PRIVATE-EQUITY INVESTMENT, ESPECIALLY IN EMERGING MARKETS, IS AGROWING AREAOF INTEREST FOR INVESTORS By MARK MOBIUS Mark Mobius is Executive Chairman, Templeton Emerging Markets Group MERGING markets today represent approximately 33 per cent of global market capitalisation. Their attractiveness stems mainly from their rapid economic growth
        Source: Bloomberg  -  1,013 words
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        980 33  -  ART APPRECIATION, ASSET ENHANCEMENT CAN GO HAND-IN-HAND WITH THE CREATION OF CULTURAL LEGACIES By MAE ANDERSON Mae Anderson is a philanthropy adviser in Philanthropy Advisory Asia Pacific, Credit Suisse Private Banking mae.anderson@credit-suisse.com S UCCESSFUL art collectors are often driven by an attraction to a particular
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        1150 34  -  WE OFTEN UNDERESTIMATE THE POTENTIAL OF YOUNGER DONORS, BUT THERE IS MUCH WE CAN LEARN FROM THEM By James JAMES AITKEN, RITA SHARMA James Aitken is Managing Director and Head of Private Wealth Solutions for South Asia, HSBC Private Bank Rita Sharma is Director and Head
        PHOTO: STOCK.XCHNG  -  1,150 words
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      116 9 IMAGINE A BANK Imagine a bank where your interests really do come fi rst. Imagine a bank without risky sovereign debt or toxic assets on its balance sheet. Imagine a bank whose owners have steered a course through over 40 fi nancial crises. Imagine a bank that’s been looking forward
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      278 11 YOUR WEALTH Can Do More Than You Think. Citi Private Bank provides access to opportunities for your wealth legacy, combining the global network of Citi with local insight. So you can give life to projects that make an impact. We can help you manage your wealth for generations. For an
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      427 13 m u0B INI V A k II I > Ji \V\V^ THERE’S MORE TO WEALTH THAN MONEY ALONE When it comes to Privilege Banking, we understand that the measure of true wealth goes beyond mere numbers. It’s a world where your dreams are celebrated, relationships treasured and legacies preserved. As
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      84 17 9 Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow and
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      120 21 TRADE GLOBAL SHARE WITH DIRECT MARKET SINGAPORE, US, HK, JAPAN, UK, EUROPE, AUSTRALIA Go long or short on thousands of global stocks, including Singapore share CFDs at 0.1% commission, and trade directly into the order books of major equity exchanges. Plus, limit your risk with guaranteed stops. Find out more
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      281 23 Jenny Chew Financing Solutions South Asia Garth Bregman sCretionary Portfolio Management Asia 7t~ Looking jor a wide range oj wealth management solutions? Look no further Andy Chai Wealth Management Hong Kong Award-winning commitment to our clients.^ BNP Paribas Wealth Management Best Private Bank Alternative Investments Asian Private Banker Awards for
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      155 25 Every piece of a winning FX strategy Skill. Timing. Strategy. Trading FX and related margin products takes all three. Saxo Capital Markets puts a diverse array of consistently priced spot currencies including EURUSD and majors from 2 pips A FX Options, Forward Outrights, Futures and CFDs in your hands. With
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      149 35 BANKOFSINGAPORE International Private Banking Global recognition for a dedicated private bank headquartered in Singapore. r ASiAMONEY POLLS 2011 TOP 3 OVERALL BEST PRIVATE BANKS SINGAPORE, 20)1 BEST DOMESTIC PRIVATE BANK SINGAPORE, 2011 ASUN PRtVATS AAS.tR AWARDS TOR DISTINCTION 2012 BEST PRIVATE BANK SINGAPORE, 2012 61 Southeast Asia BEST PRIVATE WEALTH
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      157 36 I 4 r I a 1. Dream 2. Build 3. Dream After your dream becomes a success, what do you do? You may want to venture into something new or expand your existing horizons. Whatever your goals, we make sure the focus is firmly on you, helping you to turn
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