The Business Times, 30 April 2013
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2013-04-30
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The Business Times
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Title Section25 2013-04-30 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, April 30, 201325 words
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971 2013-04-30 1 ANDREA SOH - All signs suggest that it’s going to be a record year with several promising offerings By ANDREA SOH [SINGAPORE] The stars have aligned this year for a record-breaking initial public offering market for real estate investment trusts (Reits) and business trusts.971 words
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MARKETS DIGEST
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Article65 2013-04-30 1 GST INDEX 3,361.92 (+13.05) GST INDEX FUTURES 3,362.00 (+25.00) GSIMSCI 381.36 (+1.92) GSIMSCI FUTURES 381.30 (+2.30) US$ S$ US$ (S$ per US$) 1.234 (US$/S$ per 1.553 1.917 EURO (US$/S$/€ 1.309 1.616 Foreign currency per US$ S$ YEN 97.90 79.30 RM 3.031 2.456 HK$ 7.763 6.291 BAHT 29.29 23.73 RUPIAH65 words
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Article46 2013-04-30 1 Monday Change KL COMP 1,707.97 -3.32 NIKKEI 225 Closed HANG SENG 22,580.77 +33.06 SET INDEX 1,584.93 +2.00 JAKARTA COMP 4,999.75 +21.25 MANILA COMP 7,028.35 +2.91 SEOUL COMP 1,940.70 -3.86 SHENZHEN B Closed MUMBAI IND 19,387.50 +100.78 12noon EDT Change DOW 14,784.66 +72.11 NASDAQ 3,308.36 +29.1046 words
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Article23 2013-04-30 1 SINGAPORE 5.38 HONG KONG 6.55 HONG KONG TAIWAN INDONESIA 13.319 TAIWAN BRITAIN JAPAN 1.475 CANADA 9.33 BRITAIN 0.50 Source: Source: Bloomberg23 words
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Article, Illustration970 2013-04-30 1 JOYCE HOOI - By JOYCE HOOI [SINGAPORE] Li Ka-shing’s right-hand man Canning Fok made it clear yesterday that if port workers want to go on strike, there are other people willing to take their place in the hustle-town that is Hong Kong. Following970 words
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Page 1 Advertisements
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Advertisement424 2013-04-30 1 SPECIAL FOCUS Netherlands Queen’s Day Investiture SME Inc Out of the oven, into business FORWARD THINKERS Tuas Power all fired up PAGE 14 PROPERTY Non-landed private home prices up 0.9% in March PAGE 36 PAGES 23-27 PAGE 11 Thinking of relocating some operations overseas? Find out how you can tap424 words
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TOP STORIES
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Article369 2013-04-30 2 Reit IPOs set to take market by storm THE stars have aligned this year for a record-breaking initial public offering market for real estate investment trusts and business trusts. But quality will be key. “There will be deals that are close to a billion, and potentially more as369 words
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546 2013-04-30 2 TEH SHI NING - Bank cites weak Q1, sting from economic restructuring for cut from 3.2% to 2.5% By TEH SHI NING [SINGAPORE] A significant downgrade to the 2013 GDP forecast by Singapore’s largest bank yesterday underscored what looks to be spreading pessimism about the546 words
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515 2013-04-30 2 LEE U-WEN - By LEE U-WEN [SINGAPORE] While Singapore strives to keep unemployment low as the economy undergoes a restructuring, the priority for the tripartite partners remains the same to create better jobs for all. The government, unions and employers can do this by515 words
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650 2013-04-30 2 PAULINE NG - Politicians on both sides also quick to claim support of business community By PAULINE NG in Kuala Lumpur MALAYSIAN businessmen appear to be signalling their alignments ahead of the “Mother of All Elections” this Sunday. Last week, a group of businessmen threw a dinner650 words
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432 2013-04-30 2 NATHANIEL CHEW - By NATHANIEL CHEW [SINGAPORE] The firstquarter Global Economic Conditions Survey (GECS) revealed that levels of business confidence in Singapore, while still fragile, were stabilising and remained stronger than those in the rest of the region. The GECS, conducted by the Association of Chartered Certified Accountants432 words
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671 2013-04-30 3 RONNIE LIM - Genco also keen on Middle East projects as it capitalises on S’pore record By RONNIE LIM [SINGAPORE] China Huaneng-owned Tuas Power (TP) is set to spread its wings overseas, with the Singapore genco currently eyeing potential power projects in South-east Asia, including in Indonesia671 words
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Article, Illustration460 2013-04-30 3 LEE U-WEN - By LEE U-WEN [SINGAPORE] Malaysian airline mogul Tony Fernandes has taken to Twitter to apologise for Queens Park Rangers’ (QPR) relegation from the English Premier League (EPL) that will inevitably cost his team tens of millions of pounds in lost revenue. Mr Fernandes, thePHOTO: AFP - 460 words
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Page 2 Advertisements
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Advertisement364 2013-04-30 3 AIA GLOBAL PROPERTY RETURNS FUND INVESTMENT Build your Investments with potentially higher returns and stable income 1 r f Hi i mu 1 MM L ns 1 Hill n 1] I WWfr i Hi.: II# .Lm Seek out financial opportunities with AIA Global Property Returns Fund. In the current low364 words
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COMPANY NEWS
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Article, Illustration601 2013-04-30 4 ANDREA SOH - Traditionally weakest quarter reaps 16% growth in net profit By ANDREA SOH INCREASED patient numbers, plus having more specialist consultants and medical specialities, continued to drive growth at Raffles Medical Group (RMG) for the first quarter of this year. Net profit attributable to shareholders601 words
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363 2013-04-30 4 ANDREA SOH - By ANDREA SOH INDOFOOD Agri Resources took a hit from lower commodity prices, weaker edible oil sales and higher cost of sales as first quarter earnings plunged 72 per cent. For the three months ended March 31, its revenue slid363 words
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709 2013-04-30 4 VEN SREENIVASAN - HOCK LOCK SIEW By VEN SREENIVASAN PROPERTY has been the bulwark of wealth in most Asian societies. And for decades, stock markets around the region be it Singapore, Hong Kong, Malaysia, Indonesia or Thailand have been largely supported by the underlying values709 words
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292 2013-04-30 4 JASMINE NG - By JASMINE NG A GROUP of engineering companies, led by Yongnam Holdings, has submitted its proposal to the Myanmar Department of Civil Aviation in a bid to clinch the Yangon International Airport project. The consortium comprises Yongnam, Changi Airport Planners and Engineers292 words
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409 2013-04-30 5 FELDA CHAY - $93m gain raises net profit to $105m; group will launch China project in Q4 By FELDA CHAY WHEELOCK Properties posted a first-quarter net profit of $105.3 million, eight times that of $13.1 million a year ago, thanks to a $93 million accounting gain409 words
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Article, Illustration473 2013-04-30 5 KENNETH LIM - By KENNETH LIM THE future of the Aussino Group hung in the balance yesterday, after the Singapore Exchange (SGX) put a crease in the bedlinen retailer’s restructuring plans. SGX cited concerns over outstanding sanctions against deal partner and Myanmar tycoon ZawSource: Bloomberg - 473 words
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533 2013-04-30 5 TEH SHI NING - All issues will be addressed at EGM after BI nod: CEO By TEH SHI NING DBS chairman Peter Seah said yesterday that the bank remains guided by the approval process of Indonesia’s central bank, and cannot comment on when its533 words
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381 2013-04-30 5 MINDY TAN - By MINDY TAN FRASERS Commercial Trust (FCOT) posted a 14.4 per cent increase in distribution per unit (DPU) to 1.99 cents for the second quarter ended March 31, 2013. Distribution to unitholders rose 16.8 per cent year-on-year to $13.1 million due to381 words
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Article498 2013-04-30 8 MINDY TAN - Manager points to good spread of hotel brands, locations, contracts By MINDY TAN ASCENDAS Hospitality Trust (A-HTrust) posted a distribution per unit (DPU) of 1.68 cents for the fourth quarter ended March, beating its forecast by 14.3 per cent. Taking into account the waiver of sponsor498 words
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Article, Illustration488 2013-04-30 8 FELDA CHAY - Chong Kee Hiong leaves to pursue other opportunities By FELDA CHAY CHONG Kee Hiong, a stalwart at CapitaLand Ltd’s hospitality business, has resigned. Taking over Mr Chong’s post as CEO of The Ascott Ltd is Lee Chee Koon, who is currentlyFILE PHOTO - 488 words
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COMPANY BRIEFS
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104 2013-04-30 8 THE Government of Singapore Investment Corp has launched the sale of US$250 million worth of convertible bonds of a unit of commodities trading firm Glencore International and plans to use the proceeds to buy Glencore shares. GIC said the bonds, which will104 words
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64 2013-04-30 8 JARDINE Cycle Carriage Ltd (JC&C) said yesterday that it has been appointed as Daimler AG’s official partner to distribute Mercedes-Benz passenger cars and commercial vehicles and Fuso trucks in Myanmar. It will form a 60:40 subsidiary with a Myanmar party to operate64 words
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117 2013-04-30 8 HU AN Cable Holdings Ltd said yesterday it expects its overall revenues and earnings to be significantly lower for the first quarter of this year ended March 31 as compared to the year-ago period, and will report a loss for the first quarter117 words
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83 2013-04-30 8 THE board of directors of Thakral Corporation Ltd announced yesterday that it expects to report an overall marginal loss for the first quarter of 2013. The group said that it is taking all necessary measures to return to profitability as the Investment Division has already83 words
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Article355 2013-04-30 8 GRACE NG - By GRACE NG PROPERTY developer Fragrance Group posted a 20 per cent decrease in first-quarter net profit despite a 17 per cent revenue increase, due to non-con-trolling shareholders taking a larger bite out of the pie. Its subsidiary Global Premium Hotels Ltd (GPH) also355 words
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215 2013-04-30 8 LEE MEIXIAN - By LEE MEIXIAN WORLD Precision Machinery yesterday posted a 46.5 per cent slide in its net profit to 21.7 million yuan (S$4.3 million) for its first quarter ended March 31, 2013, from 40.6 million yuan a year ago. The precision-stamping equipment manufacturer’s revenue for215 words
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Article306 2013-04-30 8 LEE MEIXIAN - By LEE MEIXIAN CHINA XLX Fertiliser Ltd’s net profit attributable to owners jumped 104.6 per cent to 112.2 million yuan (S$22.3 million) for its first quarter ended March 31, 2013, from 54.9 million yuan a year earlier. Higher sales volume for methanol and compound fertiliser306 words
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192 2013-04-30 8 NATHANIEL CHEW - By NATHANIEL CHEW CONSTRUCTION firm Lian Beng Group yesterday announced it had secured three new projects worth a total of $211 million. This brings Lian Beng’s construction order book to a new high of $1.2 billion, and will provide the group with a192 words
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Advertisement130 2013-04-30 4 SEMICON Singapore20l3 7-9 May,2013 Marina Bay Sands Expo www.semiconsingapore.org s a a ri ItTm i sslSoUt hTeas i a! si L r argest es] l^anufur i I Come meet over 100 exhibitors and learn from the prestigious industry speakers at 40 hours of technology and business programmes! Here are some130 words
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Advertisement313 2013-04-30 4 Value Growth y/Vorkshop DltigtIi0aMll[M^(Mn3 m Warren Buffett is able to compound an annual average of 20% from his investments for 40 years, turning $9,800 to over 40 billion. The great Sir John Templeton, one of the greatest stock picker of all time, outperform and outbeat the market consistently for 5313 words
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Advertisement183 2013-04-30 4 QUALITY RELIABILITY. REPUTATION. SERVICE. MSU JSSEKSSS 2013 ata N1D-***** Judy Kueh EXP- DEC 2015 A clear signal of credibility, reliability and quality service amongst travel professionals, the NATAS Accreditation framework is set to boost the recognition and reputation of true travel professionals nationwide. So be sure to look for NATAS-accredited183 words
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Advertisement83 2013-04-30 5 RE-CORKING CLINIC2013 9 th MAY 2013 ST REGIS HOTEL SINGAPORE THE PENFOLDS RE-CORKING CLINICS OFFER THE OWNERS OF PENFOLDS WINES, WHICH ARE 15 YEARS AND OLDER, THE OPPORTUNITY TO HAVE THEM ASSESSED BY THE PENFOLDS WINEMAKING TEAM AND, IF APPROPRIATE, OPENED, TASTED, TOPPED UP AND RE-GAPSULED ON THE SPOT. EVERY83 words
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SINGAPORE MARKETS
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Article, Illustration483 2013-04-30 6 KENNETH LIM - Aussino Group hogs small-cap activity and suffers the biggest percentage fall STOCKS KENNETH LIM Correspondent THE market may as well have been an interior decoration conference yesterday, as windowdressing activity padded an otherwise lacklustre session on the Singapore stock market. A bedlinen retailer, Aussino Group, evenSource: Bloomberg - 483 words
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Article73 2013-04-30 6 Apr 29 VALUE CLOSE BT OB/OS 7.00 +96.00 BT CADI -*****.00 -37.00 BT 10-day MA -*****.00 +1.00 FTSE ST Mid Cap 838.83 +1.15 FTSE ST Small Cap 590.38 +0.44 FTSE ST All Share 829.97 +2.69 FTSE ST China Top 217.26 -0.76 FTSE ST China 246.25 -0.99 FTSE73 words
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Article186 2013-04-30 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 3 0 0 0 6 6 3 Manufacturing 45 70 33 10 9 9 55 79 42 Commerce 20 29 15 2 7 5 22 36 20 Tpt/Stor/Comms 18 18 4186 words
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Article967 2013-04-30 6 KENNETH LIM - Compiled by KENNETH LIM Capita Land April 29 close: $3.75 OCBC Investment Research, April 29 Q1 2013 Patmi (profit after tax and minority interests) came in at $188.2 million up 41 per cent y-o-y, mostly due to heavier income recognition of property developments in Singapore and China, and967 words
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Article123 2013-04-30 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,372 24,372 118,892 118,892 Manufacturing 257,529 394,158 651,687 177,980 28,830 206,810 Commerce 257,442 57,203 314,645 74,053 4,718 78,771 Tpt/Stor/Comms 94,137 13,137 107,274 138,013 5,235 143,248 Finance 94,485 261 94,746 148,583 124 148,707 Construction 67,784 75,907123 words
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Article116 2013-04-30 6 Stock name Close Change CapMallsAsia 2.120 +0.050 CapitaLand 3.750 +0.100 CapitaMall 2.380 +0.040 CityDev 11.39 +0.050 ComfortDelGro 1.980 +0.030 DBS Grp 16.36 +0.140 GLP 2.740 -0.010 Genting SP 1.565 +0.045 Golden Agri 0.550 -0.015 HK Land 7.320 +0.020 HPH Trust US$ 0.835 -0.005 JMH 65.49 -0.270116 words
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Article, Illustration438 2013-04-30 6 CURRENCIES Reuters [SINGAPORE] The Thai baht gained yesterday after the finance minister said he did not see an immediate need to implement extra measures to curb the currency for now, but it gave up much of its initial rise on worries of official involvement andReuters; PHOTO: BLOOMBERG - 438 words
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Article53 2013-04-30 6 VOLUME Aussino 176,432,000 Cedar 98,478,000 CarrierNet 93,464,000 Innopac 77,661,000 YHM 73,822,000 CNA 61,509,000 Jubilee 56,975,000 Genting SP 55,224,000 Golden Agri 51,810,000 SunlightGrp 51,406,000 VALUE($) Genting SP 85,818,655 CapitaLand 81,395,010 Keppel Corp 79,972,790 SingTel 52,883,400 DBS Grp 46,218,150 OCBC Bk 37,838,400 UOB 37,062,580 F&N 34,257,320 Golden Agri 28,304,51053 words
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Article107 2013-04-30 6 BY CENTS CLOSE UP GLD 10US$ ***** 122.1 0.7 Lyxor Indonesia10US$ ***** 66.6 0.5 UOB.ES.1305 2136 47.0 2.2 Jardine C&C 4948 34.0 0.7 UOB 2139 31.0 1.5 IS S&P500 ***** 30.8 0.2 IS MSCI Spore 1441 25.9 1.5 UOB 5.05%NCPS 100 ***** 20.0 0.2 JSH 3885 17.3 0.4 DBXT107 words
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Article121 2013-04-30 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -111.0 -0.8 JMH 6549 -33.3 -0.4 DBXT MSTHAI 10US$ 2315 -30.8 -1.1 SembCorp Ind 494 -19.0 -3.7 Keppel Corp 1069 -15.0 -1.4 DBXT S&P Short 10US$ 3104 -12.3 -0.3 Hyflux 6% CPS 10 ***** -12.0 -0.1 OCBC Bk 1092 -11.0 -1.0121 words
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Advertisement504 2013-04-30 7 Standard gg Chartered Here for good 0 Over investment strategies to consider in elfin itanoaro gartered ca esi S. 3 V:. more Priority Banking Centres to help identify the ones you need SkP: *HR 1 mmk w v i 8’; WmSMm Wm ia#il &ssr«% v x s invitation to s504 words
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Advertisement172 2013-04-30 8 iv '■t A energise you meetinas i-.-. WmmfrW leave the rest to us* Meeting packages from $^n \J\J per person Complimentary AV equipment (one LCD projector and one wireless microphone) for events booked and held before 31 August 2013. Meetings will never be the same at the new Ramada Singapore172 words
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Page 9 Advertisements
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Advertisement1177 2013-04-30 9 BT ADVERTORIAL A challenging journey ahead Over the years, Amanah Mutual Berhad’s client portfolio has grown tremendously FAILURE is not an option, declares Sheila Halim. But as chief executive officer of gov-ernment-linked investment owned company, Amanah Mutual Berhad (AMB), she knows the journey will be challenging. A subsidiary of Amanah1,177 words
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SINGAPORE NEWS
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388 2013-04-30 10 BENJAMIN AW - Employment market most challenging here and in Hong Kong By BENJAMIN AW LEADERS in the banking and financial services industry are facing a global shortage of skilled professionals, according to a study done by recruitment firm Robert Half. The survey of 1,100 financial388 words
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Article, Illustration466 2013-04-30 10 MA XIANGYU - Their investments created growth, jobs for Singapore By MA XIANGYU DHL and IBM were yesterday conferred the Distinguished Partner in Progress (DPIP) award by Deputy Prime Minister Teo Chee Hean in recognition of their outstanding contributions to Singapore’s so-cio-economic growth. Speaking at the466 words
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Article, Illustration457 2013-04-30 10 LIM JIA YING - Fifth phase of HDB’s Revitalisation of Shops scheme announced BY LIM JIA YING SOME 3,000 shops at 32 sites islandwide will benefit from the fifth phase of the Housing Development Board’s (HDB) Revitalisation of Shops (ROS) scheme. The selected sites pepper457 words
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510 2013-04-30 10 GRACE LEONG - Ruling ordered him to disclose sources for blog post By GRACE LEONG THE Singapore appellate court has allowed local academic James Michael Dorsey to appeal a High Court ruling that ordered him to divulge his sources for a blog post that a510 words
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368 2013-04-30 10 NG ZHUO YANG - Among discounted medications are 20 for chronic ailments By NG ZHUO YANG GLOBAL health care company MSD has launched a programme to give lower to middle-income Singaporeans up to half off the price of 24 of its quality drugs. These include368 words
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228 2013-04-30 10 MARIA MALA YOGALINGAM - By YOGALINGAM By MARIA MALA YOGALINGAM SIX new members have joined the council of the Institute of Certified Public Accountants of Singapore (ICPAS), the national accountancy body. They are high-fliers in the corporate world and public accounting profession. The new council members will provide228 words
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SINGAPORE ROUNDUP
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83 2013-04-30 10 THE Singapore Business Federation (SBF) has launched a one-stop business concierge service for global companies looking to set up their business operations here. AccessAsia@Singapore, as it is called, will also help these companies to expand into Asia. SBF’s network of 18 leading locally-based professional-service83 words
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96 2013-04-30 10 U TURN Tax Refund (UTTR) has opened an office in Singapore under its efforts to raise its profile in key growth markets. Set to be a hub for UTTR’s operations in South-east Asia, the Singapore office will provide sales and service support to96 words
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116 2013-04-30 10 CONSTRUCTION has started on the first 20 projects of the Singapore-Sichuan Hi-Tech Innovation Park (SSCIP). This includes works on 10 trunk roads and local roads, some of which will be open to traffic at the end of May. Investments in the park are expected to116 words
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SME INC
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Article, Illustration1308 2013-04-30 11 FELDA CHAY - Jason Lee turned his mum’s confections into a popular local bakery business that now also exports overseas, reports FELDA CHAY reports FELDA CHAY JASON Lee, the managing director of Home’s Favourite, knew nothing about baking when he opened the bakery in 1997. He didn’tPHOTO: YEN MENG JIIN - 1,308 words
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Article181 2013-04-30 11 FELDA CHAY - Favourite.”– By FELDA CHAY IF you think small companies generally do not treat their employees as well as large corporations, think again. Bakery Home’s Favourite shows that small firms can and do –spend on their workers. Its staff have, in the last few years, been brought on holidays181 words
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Article, Illustration1231 2013-04-30 12 ALVIN LEE - Running a business with dispersed teams can entail more time, effort and cost in ensuring everyone is on the same page COMMENTARY By ALVIN LEE The writer is web editor of Insead Knowledge. This article was first published on online portal Insead KnowledgeFILE PHOTO - 1,231 words
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Advertisement50 2013-04-30 11 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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Advertisement272 2013-04-30 11 HP recommends Windows. Ready for business Windows 8 Pro Incredible AU-in-One design at an incredible price. The HP Compaq Pro 4300 AU-in-One Business PC is our most space efficient commercial AU-in-One, built for business-class performance with the latest PC technologies. Reinvent your desktop work space, reduce cable clutter and the272 words
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Page 12 Advertisements
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Advertisement103 2013-04-30 12 FOCUS ON YOUR REAL BUSINESS. Ninety-nine percent of companies in Singapore are SMEs* with at least one-third seeking to trim operating cost by outsourcing their accounting, taxation and payroll needs. Intime Accounting Pte Ltd specialise and have the appropriate resources and expertise to help you achieve high level of accuracy,103 words
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Advertisement116 2013-04-30 12 oo° Ov o® •XV* <o \to ev( *00® <\e< e* to' \o P it'® e® o'* i\?Q &y. s'® vN® x <to® to®®' v\e 6N e e' s c»® to'® A" \JP§ vo'N e\e p to vfie o' 6® 5 to*'® o' s'® X to® to 1 6 ho o>°116 words
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EMERGING ENTERPRISE
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Article, Illustration1476 2013-04-30 13 WE have, in the past few weeks, examined current challenges that small- and medium-sized enterprises (SMEs) face, from raising productivity to going overseas. In the last of the Emerging Enterprise series, we now look into the crystal ball to see how1,476 words
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Page 13 Advertisements
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Advertisement243 2013-04-30 13 The Emerging Enterprise 2013 Award is open for nominations Over S$1.4 million worth of prizes to be won. Apply now before 8 May 2013. For a copy of the application form, email enterprise-banking@ocbc.com or leeyyd@sph.com.sg Terms and conditions apply. Jointly Presented by: Official Auditor: Supported by: Innovation Partner: Preferred Payment243 words
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FORWARD THINKERS
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Article, Illustration1820 2013-04-30 14 RONNIE LIM - Tuas Power’s push for a coal-firing facility and its diversification from just power generation into provision of other utilities like steam, chilled water, and other services have paid off. The genco is now looking at markets overseas, reports RONNIE LIM reports RONNIE LIM ALTHOUGH China Huaneng is China’s1,820 words
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Advertisement644 2013-04-30 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 unprecedented644 words
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MALAYSIA
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Article, Illustration394 2013-04-30 16 TEO SI JIA - Its 51% unit DMG Partners eyes Asean futures business By TEO SI JIA [SINGAPORE] Having taken OSK Investment Bank fully under its fold this month, RHB Investment has risen to be Malaysia’s largest investment bank by assets. In the asset management business,PHOTO: ARTHUR LEE - 394 words
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723 2013-04-30 16 Growth prospects remain favourable in 2013 and 2014, says economist [PETALING JAYA] The country will not be going bankrupt anytime soon as the economy is still in the pink of health, despite what is said in blogs and by political spinmeisters, Malaysian daily723 words
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277 2013-04-30 16 Bloomberg [KUALA LUMPUR] Malaysia’s central bank governor said the ringgit’s 1.9 per cent rise against the dollar since Prime Minister Najib Razak dissolved Parliament on April 3 for a general election was a global development. Speaking to reporters in Kuala Lumpur aheadBloomberg - 277 words
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Advertisement289 2013-04-30 16 o Capi sents Investing Outside The Box: Dealing With The Unsustainable Friday, 19 April 2013 i MNVEST.CJJ^'G The Business Times SAXO Organised By, Presented By Official Digital Media *T3 II MM v J M 66 The session very crisply summarised the various investment prospects across geographies. It was an enriching289 words
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GREATER CHINA
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382 2013-04-30 17 Move is seen as positive for worstperforming major Asian stock market Bloomberg [SHANGHAI] China’s securities regulator plans to raise the minimum proportion equity funds should have in shares, a move that may drive investments into the worst-performing major Asian stock marketBloomberg - 382 words
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Article, Illustration334 2013-04-30 17 AP [HONG KONG] Birmingham City owner Carson Yeung’s lawyer applied for the money laundering case against him to be thrown out yesterday, the latest wrinkle in a drawn-out legal battle. Lawyer Graham Harris outlined his arguments for a permanent stay of proceedings toAP; PHOTO: BLOOMBERG - 334 words
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316 2013-04-30 17 Bloomberg BEIJING After India banned exports of wheat in 2007, neighbouring countries panicked and limited their grain sales, which pushed prices to records and sparked food riots from Egypt to Haiti for the next year. After the crisis passed, global leaders agreedBloomberg - 316 words
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Advertisement415 2013-04-30 17 NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR DISTRIBUTION ascendas hospitality trust ASCENDAS HOSPITALITY TRUST (Registration Number: *****04) (a business trust registered under the Business Trusts Act, Chapter 31A of Singapore) To: Unitholders of Ascendas Hospitality Trust Dear Sir/Madam 1. DISTRIBUTION DETAILS We are pleased to inform you that Ascendas415 words
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Advertisement1434 2013-04-30 17 UniCredit Bank AG, Head Office: Kardinal-Faulhaber-Strasse 1, D-***** Munich, Germany. Telephone +49 89 378-0 Singapore Branch: 30 Cecil Street #25-01 Prudential Tower, Singapore *****2 Tel: +65 6413 3688 Assets Consolidated Balance Sheet at December 31, 2012 2012 2011 millions 2012 2011 Income/Expenses millions Consolidated Income Statement for the year ended1,434 words
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INDIA
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Article, Illustration757 2013-04-30 18 Analysts expect central bank to cut repurchase rate this week for third time this year to 7.25% from 7.5% Bloomberg [NEW DELHI] The Reserve Bank of India faces pressure to cut lenders’ reserve requirements as banks struggle to woo deposits and resistBloomberg; PHOTO: BLOOMBERG - 757 words
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Article, Illustration743 2013-04-30 18 In the absence of rupee risk they post double digit returns Reuters [MUMBAI] Indian hedge fund manager Kalpesh Kinariwala is so sure of his equity strategies in a country that has stumped foreign rivals that he sends a daily e-mailReuters; PHOTO: REUTERS - 743 words
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Advertisement1458 2013-04-30 18 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Industrial Government Land Sales: Land Parcels at Tuas South Street 6 Site Information Tuas South Street 6 (Plots 1, 3 and 5) Submission of Tender Tender Launch Date Tender Closing Date Venue Developer’s Packet Website 30 April 2013 11 June 2013, 11:00am1,458 words
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ECONOMY WATCH
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459 2013-04-30 19 India, the Philippines, China, Indonesia urged to improve institutions Reuters [SINGAPORE] Middle-income Asian economies enjoy better growth prospects than countries in other parts of the world but they must improve government institutions and liberalise rigid labour and product markets if they wishReuters - 459 words
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Article, Illustration436 2013-04-30 19 AP [CANBERRA] Australia’s government said yesterday that its tax revenue has continued to fall in recent months as company profits declined and the mining boom that kept the nation out of recession cools. Prime Minister Julia Gillard said revenue for the fiscalAP; PHOTO: REUTERS - 436 words
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Article, Illustration837 2013-04-30 19 New Italian govt changes tack while Germany re-adjusts its crisis stance Bloomberg [BERLIN] Europe may accelerate a shift away from its austerity-first agenda this week as the new Italian government changes course and a German-Spanish investment pact underscores a renewed focus on combating recordBloomberg; PHOTO: REUTERS - 837 words
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235 2013-04-30 19 Reuters [MILAN] Rating agency Moody’s believes Italy may still eventually need to seek a bailout despite forming a new government and avoiding immediate crisis. “We cannot yet rule out that Italy will end up asking for help to the European Central BankReuters - 235 words
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250 2013-04-30 19 AFP [SEOUL] South Korea posted its biggest current account surplus in four months in March, bolstered by robust exports of mobile devices and other high-tech products, the central bank said yesterday. The surplus, the broadest measure of South Korea’s trade with theAFP - 250 words
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Advertisement1133 2013-04-30 19 TEE INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****7107D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING (“EGM”) of TEE International Limited (the “Company”) will be held at Nutmeg Room, Level 2, Orchard Hotel Singapore, 442 Orchard Road, Singapore *****91,133 words
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WORLD
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Article, Illustration616 2013-04-30 20 Growth in Q2 would probably not slow as sharply as currently feared LATEST US DATA Reuters AFP [WASHINGTON] US consumer spending unexpectedly rose in March as benign inflation supported household’s spending power, a hopeful sign for an economy that lost significant momentum towardsReuters; AFP; PHOTO: AFP - 616 words
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626 2013-04-30 20 NEIL BEHRMANN - BY NEIL BEHRMANN in London STRUGGLING European nations can now borrow at significantly lower interest rates because yield-hungry investors have thrown caution aside and are piling into bonds. In a complete reversal of the market gloom in the fourth quarter of 2011, when bonds626 words
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478 2013-04-30 20 Reuters [LONDON] Investors are staying away from commodities, fearing that the worst is yet to come after prices plunged in April on signs of slower world economic growth. Wealth managers have been pulling money from commodities since the start of the year, culminatingReuters - 478 words
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208 2013-04-30 20 AFP [DHAKA] Bangladeshi textile bosses pleaded yesterday with Western clothing giants to keep doing business with them after nearly 400 people died in the Rana Plaza collapse as hopes of finding more survivors faded. The tragedy has once again focused attention on the poorAFP - 208 words
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293 2013-04-30 20 Reuters [LONDON] Lloyds has taken a £250 million (S$478 million) loss on a sale of its unprofitable Spanish banking business to Banco Sabadell, a deal that will help bolster the British bank’s capital. Lloyd’s, 39 per cent owned by the government sinceReuters - 293 words
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Article, Illustration759 2013-04-30 21 ANTHONY ROWLEY - Japan PM looking to secure oil and gas deals before shaping new energy policy By ANTHONY ROWLEY in Tokyo COMPLEX energy diplomacy will figure prominently in talks this week between Japanese Prime Minister Shinzo Abe and the leaders of Russia, key MiddlePHOTO: REUTERS - 759 words
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800 2013-04-30 21 Liquidity rush from central banks drive strong demand Bloomberg [LONDON] At a time when politicians are squeezing budgets to cut borrowing, the bond market is clamouring for more debt, pushing yields on almost US$20 trillion of government securities to less than one perBloomberg - 800 words
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639 2013-04-30 21 They have put about US$350m in food projects in the last year NYT [NEW YORK] What if the next big thing in tech does not arrive on your smartphone or in the cloud? What if it lands on your plate? That idea isNYT - 639 words
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427 2013-04-30 21 Bloomberg [LONDON] Prime Minister David Cameron is looking to South-east Asia to boost the UK’s role in Islamic finance. It’s the Bank of England he needs to convince first, say Shariah-compliant lenders based in Britain. Central bank rules require lenders toBloomberg - 427 words
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740 2013-04-30 22 Unemployment rate has fallen to 3.1% as nation adds workers in factories Bloomberg [ZURICH] Behind the head-line-grabbing job reductions at Switzerland’s biggest banks is a manufacturing boom that is keeping the economy ahead of the rest of Europe. Even after 10,000 Swiss job lossesBloomberg - 740 words
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Article, Illustration993 2013-04-30 22 With partner Yoma Strategic, it’s in the running for a licence Reuters [SINGAPORE] Cellular operator Digicel Group Ltd jumped into Myanmar early and big, hiring staff, funding local sports, negotiating land deals for thousands of cell tower sites and signingReuters; PHOTO: REUTERS - 993 words
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514 2013-04-30 22 Bloomberg [NEW YORK] JPMorgan Chase Co, the biggest US bank, named Matt Zames sole chief operating officer as Frank Bisignano departed to become chief executive officer of First Data Corp. “Zames is expanding his role,” JPMorgan chairman and CEO Jamie Dimon said in anBloomberg - 514 words
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250 2013-04-30 22 AP [ATHENS] Greece’s Parliament has approved an emergency bill to pave the way for thousands of public sector layoffs and free up 8.8 billion euros (S$14.2 billion) in international rescue loans. The bill, which passed in a 168-123 vote on Sunday, will allowAP - 250 words
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Advertisement118 2013-04-30 20 U always! like us on D facebook/ufmlOOS follow us on 30- twitter@ufml003 www.uf m1003.sg UFM 7E iob.3 a I cio u u fff o U SHINE Take a step back. Reflect on life. As we get caught up in the hustle and bustle of daily life, let’s pause to be118 words
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Advertisement91 2013-04-30 21 \V|SW e t (\«Vp vt\c® s airfares.co Vis/f Our IVebs/fe For More Great Exciting Deals m.sg Japan free*J^y 3D2N Discover Asakusa Sumida River Cruise L#jjp] fr.S$ 488 4D3N Let's Experience Kyoto On Bicycle fr.S$ 549 4D3N Tokyo Hotel Specials fr.S$ 599 Free 1Day Tokyo Disney Passport 5D3N Osaka Fun Thrill91 words
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Advertisement49 2013-04-30 22 FEMALE MAY ISSUE OUT NOW At all leading bookstores 0 Or m jy INVISIBLE MAKEUP SEE IT TRY IT LOVE IT 15 P J MIGHTY BACK& J7U :i PUjJ. it' ALSO AVAILABLE IN DIGITAL EDITION THROUGH SsgSflH For more details visit www.sphmagazines.com.sg/digital Follow us on: femalesingapore "T femalesingapore sPHmagazines49 words
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Advertisement72 2013-04-30 22 Creating Experience. Value. Partnerships We bring Inspiration, Innovation, Value to your business! FUTURE TRAN ASIA 2013 We help you make a mark in the transport sector: Airport Terminals Aviation Rail Road Find out how to target your market today. Organised by: sphere SINGAPORE PRESS HOLDINGS Find out more about the72 words
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NETHERLANDS QUEEN'S DAY & INVESTITURE
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Article, Illustration1095 2013-04-30 23 VINCENT WEE - Netherlands ambassador says his country and Singapore have tremendous potential for investment opportunities. BY VINCENT WEE CITING the two countries’ similar roles as global hubs, mainports, and knowledge economies, with shared focus sectors, Netherlands ambassador Johannes Jansing said they have tremendous potential for collaboration andPHOTO: EUROPE CONTAINER TERMINALS BV, ROTTERDAM - 1,095 words
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Article, Illustration334 2013-04-30 23 VINCENT WEE - It helps customers boost construction efficiency, cut downtime of plants By VINCENT WEE DUTCH heavy lifting and transport specialist Mammoet never backs down from a challenge and South-east Asia has provided plenty for the contractor in the past three decades. The company goes334 words
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281 2013-04-30 23 CATHERINE SKRZYPINSKI - Strong ties in water management, finance, industry, services and trade By CATHERINE SKRZYPINSKI BOTH Singapore and the Netherlands are surrounded by water, and the two countries constantly face challenges on how to deal with the threat of flooding, pollution and water281 words
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Advertisement8 2013-04-30 24 NMT Worldwide Roll-on-Roll-off transport Your Global RoRo Specialist8 words
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Advertisement1916 2013-04-30 26 Spotlight on Dutch Companies A 4-page Netherlands Report Special Feature produced by Encore Media Asia Ltd Singapore and the Netherlands: a Recipe for Growth Take 2 small countries surrounded by sea. Add a strong foundation of trading history. Mix it well with a rich culture of some of the world’s1,916 words
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EDITORIAL & OPINION
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459 2013-04-30 28 EDITORIAL JURONG Island continues to bask in sunshine. Despite the attraction of cheaper gas feedstock in the Middle East and also that from new shale gas projects in the US, oil giants like ExxonMobil and Shell are still growing their integrated refining and459 words
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Article, Illustration838 2013-04-30 28 PAUL KRUGMAN - THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 THOSE of us who have spent years arguing against premature fiscal austerity have just838 words
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Article, Illustration914 2013-04-30 28 ANOOP SINGH, RAVI BALAKRISHNAN - Strong economic fundamentals and sound financial system provide resilience to shocks By ANOOP SINGH RAVI BALAKRISHNAN The writers are respectively the director of the IMF’s Asia-Pacific Department and the IMF’s resident representative in Singapore THE global economy shows signs of improving as major tail risksPHOTO: THE STRAITS TIMES FILE PHOTO - 914 words
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Article, Illustration1118 2013-04-30 29 LEON HADAR - Rejecting bill will draw Hispanic voter backlash, but party’s anti-immigration activists are against approving the plan LEON HADAR Washington Correspondent DURING the presidential election campaign in 2008, the expectation in Washington was that whoever would be elected as president, either Democrat Barack Obama or RepublicanPHOTO: AFP - 1,118 words
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Article, Illustration812 2013-04-30 29 EDWARD HADAS - REUTERS BREAKINGVIEWS By EDWARD HADAS IN THE developed world, neither the real economy nor the financial system is working as it should. On one side, gross domestic product (GDP) growth is generally judged to be too slow and, outside Japan, unemploymentPHOTO: AP - 812 words
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Article290 2013-04-30 29 LETTER TO THE EDITOR IN its reply to a letter by Denis Distant “SGX needs to look at circuit breakers”, (BT, Apr 9), the Singapore Exchange (SGX) said that it is considering introducing circuit breakers for the Singapore Market. On the same day the Hong290 words
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AVIATION/TRANSPORTATION
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Article, Illustration515 2013-04-30 30 LEE MEIXIAN - Analysts believe Virgin Australia had bigger say in appointment By LEE MEIXIAN TIGER Airways Holdings yesterday named former Qantas executive Rob Sharp as the new CEO for Tiger Australia, with effect from May 1. Mr Sharp is an experienced aviation executive who has515 words
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279 2013-04-30 30 Bloomberg [ATLANTA] United Parcel Service Inc (UPS) and the Teamsters union agreed to a new five-year contract covering 250,000 employees, erasing the risk that some business might be lost through just the threat of a strike. The accord includes “substantial” payBloomberg - 279 words
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Article235 2013-04-30 30 SGX '000 Apr 29 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.26 -0.01 46 Cosco Corp 0.88 -0.01 923 Vol First Ship Lea 0.12 unch 220 Freight Links 0.09 unch 7796 Grand Banks 0.33 -0.03 2 Jaya Hold Ltd 0.67 0.01 231 K1Ventures 0.16 unch 1942 Keppel235 words
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Article, Illustration868 2013-04-30 30 Commercial jet chief goes back to sales to help buff Boeing’s image in Japan Bloomberg [TOKYO] Boeing Co’s commercial jet chief is going back to his roots in sales to help buff the planemaker’s image in Japan after the grounding of the 787 Dreamliner.Bloomberg; PHOTO: AP - 868 words
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796 2013-04-30 30 Bloomberg [WASHINGTON] US President Barack Obama told lawmakers in February that automatic federal budget cuts would be a “self-in-flicted wound” on the US economy. Last week, those concerns became reality, as furloughs of air-traffic controllers fuelled delays at the nation’s largest airports andBloomberg - 796 words
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Advertisement13 2013-04-30 30 deniesany effortsto "remove tracesof S'pore" To subscribe, call 6388-3838 or go to sphsubscription.com.sg13 words
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Page 30 Miscellaneous
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Miscellaneous315 2013-04-30 30 CRYPTIC CROSSWORD Across 1 Duty to chase wrong-sound-ing grammatical structure (6) 4 Block letters in Times covering the end of poverty (6) 8 What comes after washing at university? Forgetting line! (6,2) 10 Married woman having to admit a complaint (6) 11 Noises from animal in converted stables (4) 12315 words
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Article1466 2013-04-30 31 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New1,466 words
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Page 31 Advertisements
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Advertisement80 2013-04-30 31 PLACE YOUR AD HERE .The Business Times Shipping Times CALL JOE WONG AT 9620 1327 Shipping lines! Canthey seeking reliable I find your logistics partners I the I Shipping I Times? The Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327 PLACE YOUR AD HERE The Business Times Shippi80 words
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SINGAPORE STOCKS
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Article3270 2013-04-30 32 Transaction date: Apr 29 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote 11 7 AEM --AAT C'vr 180 106 AIMSAMPIReit 178.5xd +1 1311 180 177.53,270 words
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Article244 2013-04-30 33 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 4.6 1.3 t Advanced System 1.6 unch 2000 1.6 1.6 1.6 1.7 25.4 Vol Cooo) Day High Last Quote Low Buyer244 words
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Article10787 2013-04-30 33 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FundCl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mat Asia Limited Asian Local Ccy SD Bond 1.0031/ Asian Smaller Cos!" .2.0381/ EM local Ccy Bond 1 0205/ European Opportunities!" *****/ Global Emerging10,787 words
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Article262 2013-04-30 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A40co +2.5 21 40 37.5 38 40 3.6 8.8 3.2 104.2 50 30 Genting HK US$ US48.5 -0.5 5736 49 48 48 48.5 3193.5262 words
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Article920 2013-04-30 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 120 -0.4 25 120 119.9 119.5 120 547.8 136.8 120.4 CIMB APAC Div 100S$D 136.8 137.1 138 111.7 95.8 CIMB920 words
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FINANCE & COMMODITIES
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Article638 2013-04-30 34 Apr 29 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.98 *****.87 *****.20 Jun13 *****.00 *****.00 *****.00 *****.00 *****8 *****6 Sep13 *****.00 *****.00 *****.00 *****.00 298 3966 MSCI TAIWAN INDEX FUTURES SPOT 288.79 289.87 288.53 Apr13 289.10 290.10 287.60 289.06 ***** ***** May13 289.00638 words
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373 2013-04-30 34 In local curr In S$ In US$ dy yr dy yr dy yr Apr 26 Index Change Change Change Change Change Change World Preliminary 1040.5 -0.5 10.9 -0.4 10.1 -0.2 8.8 EAFE Preliminary 871.6 -0.5 12.5 -0.2 9.1 0.0 7.8 Europe Preliminary 1227.2 -0.6 7.0373 words
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Article471 2013-04-30 34 Apr 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.049 6.372 0.789 8.024 56.090 100.471 1.011 11.441 3.133 1.211 101.778 42.524 1.275 9.369 0.971 30.575 30.270 0.665 1.034 Canada 0.954 6.077471 words
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Article65 2013-04-30 34 Apr 29 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 12 mths 0.***** SWAP65 words
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Article137 2013-04-30 34 Apr 29 GOLD(US$/oz) Apr 26 Apr 29 Hong Kong 1473.00 1481.50 Apr 25 Apr 26 London 1454.19 1477.10 1455.91 1478.10 Source: Thomson Reuters CAST BAR Apr 29 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 132 58 5gm 374 292 10gm 667 584137 words
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Article93 2013-04-30 34 Apr 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 25-Jul-13 0.24 0.18 6-Month BS*****N 01-Nov-13 0.25 1-Year BY*****H 02-May-14 0.26 0.23 0.23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.09 5-Year N*****0T93 words
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Article57 2013-04-30 34 Apr 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2280.0 2248.0 2280.0 2240.0 280 1956 Jun 13 2342.0 2282.0 2342.0 2271.0 3314 ***** Jul 13 2326.0 2273.0 2327.0 2260.0 ***** ***** Aug 13 2310.0 2264.057 words
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Article155 2013-04-30 34 Apr 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2748 1.2761 1.0335 1.0338 Canadian dollar 1.2158 1.2169 0.9858 0.9856 Euro 1.6151 1.6164 1.3094 1.3095 NZ dollar 1.0523 1.0536 0.8531 0.8535 Sterling pound 1.9160 1.9175 1.5533 1.5534155 words
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Article108 2013-04-30 34 Apr 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1430.75 1423.50 1432.00 1417.25 Jul 13 1381.00 1372.25 1385.50 1366.00 Aug 13 1318.50 1308.75 1322.75 1304.25 Sep 13 1247.50 1242.75 1251.50 1235.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13108 words
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Article94 2013-04-30 34 Apr 26 COCOA (£/tonne) Close Prev High Low May 13 1542 1551 1561 1528 Jul 13 1546 1555 1565 1530 Sep 13 1555 1561 1572 1538 Dec 13 1557 1560 1572 1540 COFFEE(US$/tonne) Close Prev High Low May 13 1961 1944 1962 1927 Jul 13 2007 1984 2008 197194 words
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1048 2013-04-30 34 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Albedo Limited W*****9 0.7 unch 1912 AlliedTech W*****2 Ratio Exer Asiatravel.com HoldingsW*****7 1 1 25 15 Asiatravel.com HoldingsW*****5 1.3 1 27 39 BakerTech W*****5 Best World Intl Ltd W*****5 2 11,048 words
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Article70 2013-04-30 34 CRUDE OIL PRODUCTS Apr 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 103.20 0.62 WTI (Near Mth) 92.87 -0.30 Dubai (1-Mth F) 100.70 0.89 Tapis blend 106.40 0.88 Minas 101.90 0.88 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.67 1.73 Jet Kerosene 115.13 1.27 US$/barrel OpecOil Basket70 words
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Article22 2013-04-30 34 Apr 29 S$ Bid Offer 1-month 1.2335 1.2344 2-months 1.2334 1.2344 3-months 1.2334 1.2344 6-months 1.2331 1.2347 Source: OCBC22 words
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Article65 2013-04-30 34 Apr 26 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1845.00 1912.00 3 months 1878.00 1941.00 Copper, Grade A(US$/tonne) Cash 6998.00 7149.00 3 months 7030.00 7180.00 Lead(US$/tonne) Cash 2016.00 2056.25 3 months 2037.00 2076.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article121 2013-04-30 34 As at 9am Apr 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.302 1.240 Can dollar 1.239 1.192 Euro 1.650 1.572 Sterling pound 1.951 1.876 NZ dollar 1.076 1.035 US dollar 1.262 1.202 Local dollars to 100 units of foreign121 words
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Article157 2013-04-30 34 Apr 29 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ 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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PROPERTY
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Article, Illustration670 2013-04-30 35 AFP [CHANGZHOU] His frail body is ravaged by cancer and age, his wife and son are in a Chinese prison and Yao Baohua is awaiting trial himself, but he is still determined to fight for his house and land. TheAFP; PHOTO: AFP - 670 words
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756 2013-04-30 35 S&P raised it to BB+ the highest non-investment grade status Bloomberg [DUBAI] Emaar Properties PJSC moved closer to regaining the investment grade rating it lost during Dubai’s real-estate crash, sending its bond yields to record lows. S t a n d a r dBloomberg - 756 words
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Article, Illustration489 2013-04-30 36 MINDY TAN - Rise driven by 2.2% rise in March in sub-index for Central Region By MINDY TAN PRICES of completed private apartments and condominiums rose marginally in March, reversing February’s drop, according to the latest flash estimate from the National University of Singapore (NUS).489 words
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Article, Illustration600 2013-04-30 36 NISHA RAMCHANDANI - Patina Hotels Resorts will manage hotel component By NISHA RAMCHANDANI THE Capitol Investment Holdings consortium, which yesterday brought Patina Hotels Resorts onboard to run its upcoming hotel, has sold about 30 per cent of the residential units in its $750 million Capitol project. Slated600 words
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Article, Illustration512 2013-04-30 36 BENJAMIN AW - By BENJAMIN AW A TOTAL of $107 million in gross profit was pocketed by non-landed private home owners from quick resales over the five quarters of Q1 2012 to Q1 2013, according to a report released by real estate firm OrangeTee. Noting that512 words
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318 2013-04-30 36 Bloomberg [LONDON] London homes changed hands at the fastest pace since 2007 in April as the capital’s property market drove a third month of UK house-price increases, according to Hometrack Ltd. Average values in England and Wales increasedBloomberg - 318 words
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891 2013-04-30 36 Wooed by potential high returns, many invest in overseas Reits Reuters [NEW YORK] US investors are rediscovering their appetite for foreign real estate. Attracted by potentially higher returns, they are putting more money into overseas funds that invest in offices, mallsReuters - 891 words
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Advertisement172 2013-04-30 35 o Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices WATS NOTICES CLA/FEBII/g Australian Property Finance M Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan?172 words
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Advertisement252 2013-04-30 35 SPRINGLEAF TOWER Strata Office Floor For Sale s —s > s s •<* z. i I r .<• m jV t n >Jv t- su'Jn rr i-«|l min Tanjong Pagar MRT Station Ideal for end users Very high quality office finishes Car parking Car drop-off point Entire floor for sale252 words
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Advertisement458 2013-04-30 35 ARDMORE PARK PENTHOUSE FOR THE WHO'S WHO IN SINGAPORE'S PRESTIGIOUS CONDOMINIUM w >■' 58 FM M r -a. W Vr !.J: j 1 FOR SALE BYTENDER ONE OF THE MOST EXCLUSIVE AND SOUGHT AFTER PROJECTS IN DIO •FREEHOLD FULL RECREATIONAL FACILITIES HIGHLY SOUGHT BYTHE ELITES WITHIN WALKING DISTANCE TO ORCHARD458 words
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Advertisement181 2013-04-30 37 The Business Times s$i.00 online at http://www.businesstimes.com.sg S|Sl a Singapore press holdings publication coregnnoi*****858e mica(p) 074/08/2012 Tuesday, April 30, 2C < ,vo LAUNCHING 1 MAY COSMOLOFT ABSD discounts* and free first I 2-month maintenance fees for buyers* on May Day launch A NEW BENCHMARK IN CITY LIVING FREEHOLD DESIGNER LOFTS181 words
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Advertisement129 2013-04-30 38 Kl K rr i-.-m t'lx i-Sn >,< i I I if <Tr i Sf( 05 V- tST'' 2 > 1 V kr? •?PPS£ -r—B5^Artist’s Impression Balestier is a heritage/residential hotspot for expatriates’ rental and city-fringe home dwellers Ideally equidistant to 3 major commercial hubs: Raffles Place, Suntec City/Marina Bay and129 words
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Advertisement14 2013-04-30 39 COSMOLOFT i 7k (K vV mm SHOWSUITE OPPOSITE WHAMPOA MARKET ENQUIRIES 9887 4477 cosmoloft.com14 words
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Advertisement103 2013-04-30 40 v I «/nh "i "ir Another Outstanding Development by ft SINGHAIYI GROUP formerly SingXpress Land Ltd SINGXPRESS Description: Proposed Erection of A Block of 17-storey Residential Flats (Total 56 Units) with Swimming Pool on 2nd Storey Sky Terrace and 3 Basement Carpark on Lot *****T, TS 29 at Balestier Road103 words
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