The Business Times, 3 March 2012

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Microfilm: NL31820
Total Pages: 47
1 20 The Business Times
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        60 2 GSTI 2,993.49 (+14.65) GSTI FUTURES 2,988 (+15) GSIMSCI 347.55 (+1.60) GSIMSCI FUTURES 347.90 (+1.70) Friday Change Friday Change KL COMP 1,583.78 +10.33 NIKKEI 225 9,777.03 +69.66 HANG SENG 21,562.26 +174.30 SET 1,165.15 +0.17 JAKARTA 4,004.87 +42.58 MANILA 5,016.30 +77.69 KOSPI 2,034.63 +4.38 SHENZHEN B 677.52 +13.53 MUMBAI IND 17,636.80
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      • Article
        Lock icon PRIME RATES
        28 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.335 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.51 INDIA 14.75 Source:
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      • Article
        Lock icon FOREX
        48 2 us$ s$ US$ (S$ per US$) 1.250 (US$/S$ per 1.592 1.991 EURO(US$/S$/E) 1.327 1.659 Foreign currency per US$ S$ YEN 81.70 65.30 RM 3.006 2.404 HK$ 7.757 6.204 BAHT 30.51 24.40 RUPIAH 9,110 7,287 RENMINBI 6.298 5.038 INDIAN RUPEE 49.50 39.59 A$ 0.929 0.743 NZ$ 1.198 0.958
        48 words
    • Article
      Lock icon S’poreans’ confidence in local job market ‘lowest in region’
      640 2  -  But morale here hasn’t fallen as low as in US, UK, France: Berkley By Chuang Peck Ming peckming@sph.com.sg Singapore WITH the economy slowing, Singapore’s employee confidence in the local job market has dipped to the lowest in the region. When Berkley
      640 words
    • Article, Illustration
      Lock icon Paul’s early sales top expectations
      783 4  -  The French bakery wants to go big in high-growth Asia By Chuang Peck Ming peckming@sph.com.sg Singapore THE long queue of customers perhaps says it all. Top French bakery Paul’s outlet at Takashimaya Shopping Centre on Orchard Road was opened only just over a month ago,
      YEN MENG JIIN  -  783 words
    • Article
      Lock icon Accounting standards changes put on hold
      230 5  -  Convergence with global codes waiting for key international practices to be finalised BUDGET DEBATE By Conrad Tan conradt@sph.com.sg Singapore PLANS to fully align Singapore’s accounting standards with global standards will be postponed until key international standards are finalised, the Government said yesterday. Full convergence
      230 words
    • Article, Illustration
      Lock icon Productivity panel endorses $42m roadmap
      535 5  -  Five-year blueprint targeted at logistics and transport sector By Bryan Koh bryankoh@sph.com.sg Singapore THE National Productivity and Continuing Education Council (NPCEC) has endorsed a $42 million, five-year roadmap to boost the long-term productivity of the logistics and transportation industry. With logistics a key enabler to
      FILE PHOTO  -  535 words
    • Briefing
    • Article, Illustration
      Lock icon More options for families and second-timers
      1134 6  -  Minister Khaw Boon Wan unveils new measures with regard to HDB’s executive condominiums and Built-To-Order flats BUDGET DEBATE By By Mindy Tan tanmindy@sph.com.sg Singapore MORE options will be available for Singaporeans who wish to live nearer their parents, and for second-timer HDB applications, through
      Compiled by BT  -  1,134 words
    • Article, Illustration
      Lock icon There’s gold in Johor’s waterfront
      1030 8  -  Lim Kang Hoo is passionate about the southern-most Malaysian state’s potential By Pauline Ng bt wo rl d @s p h .co m .sg Kuala Lumpur DRIVING in Johor city and along its new six-lane Coastal Highway, the state’s waterfront potential is obvious to most,
      1,030 words
    • Article, Illustration
      Lock icon EU leaders shift focus away from budgetcutting spree
      556 9 They commit to pro-growth agenda that sits uneasily with latest treaty Bloomberg Brussels EUROPEAN leaders declared a turning point in the Greece-fuelled debt crisis, shifting their focus away from the budget-cutting spree that has dominated two years of rescue operations. With a
      Bloomberg  -  556 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      60 2 CONTENTS NEWS Top Stories 2-9 Raffles 10-11 Week in Review 12 Companies 13-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Style L2-5 Dining L6-8 Home Garden L9-11 Readers’ Promo L12-13
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      156 3 E o o O LU N hLO co hCD c o U) cz 1cz CL o roo O) o ID CD cz .c o Ermenegildo Zegna Su Misura Hands are the Perfect Instrument to Make Dreams Come True By the time a Made to Measure jacket first touches your shoulders,
      156 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      33 6 FIND THE ONES THAT FIT! o ✓0 J Recruit the right people through CATS Recruit. t Call 1800 289 8822 or email f recruit@sph.com.sg to advertise. I OJ 1_) Vx WAT3 RECRUIT I
      33 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      231 7 THE BUSINESS TIMES CORPORATE GOLF LEAGUE BIGGER AND BETTER THE BUSINESS TIMES CORPORATE GOLF LEAGUE IS BACK AND PROMISES TO DELIVER MORE THAN EVER BEFORE. Golf has proven to be the perfect match for business. And The Business Times Corporate Golf League offers the ideal platform for companies in Singapore
      231 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      565 9 HIGH IMPACT LEADERSHIP FOR THE 21 ST CENTURY Who should attend: Sales Professionals, Managers, Team Leads, Heads of Division, Heads of Department, Directors and Executives Register at jobs.st701 .com/seminars Inspirational Leadership Thurs, 8 Mar 2012, SPH Auditorium (9am to 6pm) Inspiring Leadership What you will learn: Howto set your business
      565 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Rising to the challenge of experiences.
      2423 10/11  -  Colin Dyer, President and CEO of Jones Lang LaSalle, shares his experiences. By Felda Chay feldac@sph.com.sg EVERYONE should get fired once in their lives, declares Colin Dyer, president and chief executive officer of Jones Lang LaSalle. He says this without any hint of irony.
      YEN MEN JIIN  -  2,423 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK Feb 27 – March 2, 2012
      • Article
        Lock icon Long hard haul of restructuring
        49 12 FAILURE is not an option for Singapore’s policymakers in the current push to restructure the economy, economists say. Raising productivity faster and relying less on cheap foreign labour is now non-negotia-ble if Singapore is to reach a higher plateau of inclusive and productivi-ty-driven growth.
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      • Article
        Lock icon LTA the unwitting star in legal spat
        69 12 IN an unusual twist of events, the Land Transport Authority has found itself featuring prominently in a legal tussle in which it is neither plaintiff nor defendant. A lawsuit has been filed by a unit of Australia’s Downer Group against SP PowerAssets over
        69 words
      • Article
        Lock icon Ex-China Sky director rejects SGX offer
        66 12 A FORMER China Sky independent director has dismissed an apparent Singapore Exchange offer to settle his grievance out of court, calling it an affront to common sense. Yeap Wai Kong, who has applied to the courts to overturn a public reprimand issued against him
        66 words
      • Article
        Lock icon Heat on OpenNet as complaints mount
        72 12 AFTER a swarm of complaints about the state of fibre connectivity from home owners and industry players, the government is stepping in to provide OpenNet a nudge in the right direction. The Infocomm Development Authority said that operational issues have arisen in the roll-out
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      • Article
        Lock icon Some SMEs see doom; others hope to fight on
        48 12 ADAPT or die that’s the reality facing many small and medium enterprises here. To some, adapting means preparing to ship operations out should change prove too costly, but to others, Singapore’s leap towards productivity-driven growth is worth a shot.
        48 words
      • Article
        Lock icon MPs seek JTC’s help to moderate rising rentals
        83 12 MEMBERS of Parliament from the business community called for statutory board JTC Corporation to review its policy of divesting industrial space to real estate investment trusts a policy which small and medium enterprises have blamed for a spike in commercial and industrial
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      • Article
        Lock icon Still open to funding shoebox units: CIMB
        74 12 CIMB Bank has denied cutting off financing for buyers of small homes here, after a report suggested that it had stopped approving new mortgages for so-called shoebox apartments because they were too risky. CIMB and various other banks BT spoke to said that
        74 words
      • Article
        Lock icon Stanchart charts a new course in Singapore
        62 12 STANDARD Chartered Bank will incorporate its Singapore consumer banking business here a move aligned with the regulator’s recent call for banks to ringfence the domestic business, and aimed at raising the local profile of its retail segment in its second-largest market. It will
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      • Article
        Lock icon Sincere Watch may return to HK wrist
        45 12 BARELY three years after Tay Liam Wee led a consortium to buy back Sincere Watch, the ownership of the chain is changing hands again. The buyer, Pollyanna Chu Yuet Wah, is the controlling shareholder of Kingston Financial Group.
        45 words
      • Article, Illustration
        Lock icon Stiffer dose of levies may be on its way
        78 12 FOREIGN worker levies will probably rise further in coming years, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said in parliament on Thursday as he wrapped up the three day long Budget debate. Suggestions for further differentiation of the foreign worker
        TV SCREENGRAB  -  78 words
      • Article
        Lock icon Maybank, HSBC sticking with their current set-up
        62 12 STANDARD Chartered Bank’s proposal this week to have its Singapore consumer banking operations incorporated here has thrown open the question of whether other foreign banks would do the same. Maybank and HSBC, which have a sizeable retail presence in Singapore as qualifying full
        62 words
    • Article
      Lock icon NEXT WEEK March 5-9, 2012
      93 12 US DATA March 5 Feb factory orders March 7 Feb ADP employment record March 9 Feb employment situation indicators SINGAPORE DATA March 7 Feb international reserves OTHER DATA March 8 Bank of England announces benchmark rates, asset purchase target for March European Central Bank announces
      93 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Lock icon Page 12 Miscellaneous Column 1
      330 12 Across 7 Italian aristocrat not implicated in unseemly cases (8) 9 Article about spies in plant (6) 10 Energy required to cross river current (6) 11 Short memo to be written about volunteers, each one? Forget it! (3,2,3) 12 Overaction bars criminal from viewing vehicle (11,3) 15 Catch that woman
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    • Miscellaneous
      Lock icon Page 12 Miscellaneous Column 2
      9 12 SATURDAY with Ludwig ‘Your shares have affected my marks
      9 words
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  • COMPANIES
    • Article
      Lock icon SingTel’s US$700m, 5.5-year notes over 4 times subscribed
      489 13  -  Three traded perpetual securities see varied performances By Siow Li Sen lisen@sph.com.sg Singapore SINGTEL’s sale of US$700 million, 5.5-year notes yesterday met with strong demand as the debt market continued to sizzle. The order book for the bonds, which pay a coupon
      489 words
    • Article
      Lock icon Goldtron’s board gets fresh coat of paint
      498 13  -  EGM WATCH By Kelly Tay kellytay@sph.com.sg Singapore IN A fresh bid to turn the loss-mak-ing electro-plating company around, shareholders of Goldtron Ltd yesterday appointed four new directors to its board at the group’s extraordinary general meeting (EGM). Goldtron’s two remaining independent directors, Chin
      498 words
    • Article
      Lock icon Darco FY09/10 figures may see ‘significant’ adjustments
      434 13  -  By Nisha Ramchandani nishar@sph.com.sg Singapore DARCO Water Technologies has revealed that its financial statements for FY09 and FY10 may be “substantially and significantly adjusted”, going by preliminary findings from a special audit by Baker Tilly. Given the changes and the “uncertainty of the
      434 words
    • Article
      Lock icon Few ready for new reporting standards
      608 14  -  Many listed companies cite training, manpower and budget constraints By Lynette Khoo lynkhoo@sph.com.sg Singapore PROPOSED changes to the International Financial Reporting Standards (IFRS) may have a major impact on businesses in Singapore, but many listed companies do not seem prepared to deal with them
      608 words
    • Article, Illustration
      Lock icon London Royal Academy art show coming to S’pore
      328 14  -  By Rachel Loi rachloi@sph.com.sg Singapore SEEING a possible interest in “high quality art” by the growing numbers of millionaires in the Asia Pacific, a Singapore bank is sponsoring the Royal Academy’s first Asian exhibition here. With more high net worth individuals comes
      328 words
    • Article
      Lock icon Clashes at Pacific Healthcare
      345 14  -  By Nisha Ramchandani nishar@sph.com.sg Singapore PACIFIC Healthcare Holdings has clarified why three of its independent directors have stepped down from the board. Earlier this week, Kelvin Lee, Marcel Tjia and Chandra Mohan said that “the difference between the two major shareholders” Valuecare and Affluent Healthcare Holdings
      345 words
    • Business briefing
      • Article
        Lock icon Texchem-Pack to be placed on SGX watch-list
        65 14 TEXCHEM-PACK Holdings has been notified by the Singapore Exchange that it will be placed on the watch-list from Monday. To be removed from the watch-list, it has to record a consolidated pre-tax profit for the most recently completed financial year and have an
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      • Article
        Lock icon Appeal against Wilmar subsidiary
        106 14 WILMAR International’s wholly owned subsidiary, Wilmar Trading (WTPL), has received a notice of appeal dated Feb 24 from Pacific-Inter Link (PIL). PIL is appealing to the Court of Appeal of Malaysia against a decision of the High Court. Last year, PIL served WTPL with a writ
        106 words
    • Article, Illustration
      Lock icon No real direction for STI as euro fears fade
      925 15  -  STOCKS R Sivanithy sivan@sph.com.sg Senior correspondent IT’S been a week largely within expectations with the Straits Times Index undergoing a volatile five days, with companies reporting a mixed bag of results and with rising oil prices replacing Greece as the market’s
      925 words
    • Article, Illustration
      Lock icon SIA hiking fuel surcharges, blames high oil prices
      348 15 AFP Singapore SINGAPORE Airlines (SIA) said yesterday it would raise fuel surcharges by up to US$28 for each leg of a flight due to high oil prices, a persistent problem that has ravaged airline earnings worldwide. It blamed “continued high fuel prices”
      AFP; FILE PHOTO  -  348 words
    • Article
      Lock icon Henderson, Tantallon shut Asian hedge funds
      158 15 Reuters Hong Kong HENDERSON Group has shut its Asia-Pacific Equity Multi-Strate-gy Fund, and a source said Singa-pore-based Tantallon Capital is winding down its long-only Asia ex-Japan Bass Rock Fund, signalling tough times for Asia’s hedge fund industry. Asian hedge funds suffered net outflows in
      Reuters  -  158 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      132 13 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF RICE KITCHEN PTE LTD (In Creditors’ Voluntary Liquidation) Reg. No. *****7333G NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Smart is the new chic
      1163 16  -  As shoppers evolve and spending behaviour changes with connectivity and new media, retailers need to reshape their mode of commerce to stay ahead FROM THE DESK OF Yoshimi Nakajima Country Manager, Singapore American Express International Inc NEVER before has the term “smart shopper” carried as
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  • SINGAPORE
    • Article
      Lock icon Quadrise extends accord with PowerSeraya
      471 17  -  Quadrise will develop an alternative feedstock and potentially supply it to the Singapore genco By Ronnie Lim ronnie@sph.com.sg QUADRISE Fuels International, which is listed on London’s AIM market, has extended its agreement with PowerSeraya to develop an alternative, competitive feedstock and potentially supply it to
      471 words
    • Article, Illustration
      Lock icon Insurance package for lowincome S’poreans
      531 17  -  By Bryan Koh bryankoh@sph.com.sg INSURANCE giant NTUC Income yesterday spearheaded an initiative aimed at meeting the long-term health and protection needs of lower-income Singaporeans through the launch of a heavily discounted medical and term insurance package. To address the uninsured and underinsurance issues that have
      531 words
    • Article
      Lock icon Beware of political risks in emerging nations, firms told
      498 17  -  By Joshua Tan joshtan@sph.com.sg DEVELOPING economies may appear attractive to investors but steps must be taken to mitigate political risk there, said speakers at a discussion on managing global political risks organised by International Enterprise (IE) Singapore yesterday. “Many investors were
      498 words
    • Article, Illustration
      Lock icon Cycling safely on the roads
      1052 18  -  The growing number of inexperienced riders has led to concerns about safety awareness levels By Rachel Loi, Lesley Teoh rachloi@sph.com.sg lesteoh@sph.com.sg WITH cycling fast becoming a popular pastime among Singaporeans, there has been an influx of inexperienced riders to the sport, and consequently the need
      1,052 words
    • Briefing
      • Article, Illustration
        Lock icon Keppel Land’s Vietnam JV wins award
        110 18 KEPPEL Land’s 59 per cent-owned Quang Ba Royal Park Joint Venture Co has received the 2nd Order Labour of Medal Award conferred by the former president of Vietnam. The award is said to be the highest accolade presented to a private or- ganisation for
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      • Article
        Lock icon MBFC manager names new CEO
        58 18 RAFFLES Quay Asset Management (RQAM) has announced that Warren Bishop will take over as CEO from Wilson Kwong, effective April 1. Mr Bishop was CEO at Tradeport, Hongkong Land’s joint venture logistics centre at Hong Kong International Airport. RQAM is the manager of Marina Bay
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  • WORLD
    • Article
      Lock icon China brokerages seek wider business scope
      431 19 Securities regulator says it would study proposals that are feasible and plan to implement them Reuters Shanghai CHINESE brokerages are lobbying the government to allow them to launch buyout funds and make alternative investments as the country’s securities regulator plans to reinvigorate the struggling
      Reuters  -  431 words
    • Article, Illustration
      Lock icon Japanese cat lovers snarl at new law
      531 19 Reuters Tokyo TIMES are looking tough for Tokyo’s cat cafes, where feline aficionados can drop in for tea and some time with a cat. At most such establishments, it’s the post-work rush that brings in the most cash, with tired and harried professionals
      Reuters; ODDEE  -  531 words
    • Article, Illustration
      Lock icon Thai economy set to rebound in Q1: Abhisit
      365 19 AFP Tokyo FORMER Thai prime minister Abhisit Vejjajiva said yesterday that he expects the kingdom’s economy to rebound in the first quarter of 2012 as firms increase output following last year’s devastating floods. Mr Abhisit made his comments during a visit to
      AFP  -  365 words
    • Article, Illustration
      Lock icon Putin sure of winning presidential election
      499 20 Opposition plans protest against feared vote-rigging AP Moscow PRIME Minister Vladimir Putin has voiced confidence that he will win this weekend’s presidential election, while bluntly dismissing opposition demands and maintaining strong criticism of the United States. Mr Putin, who is all but certain to
      AP; AFP  -  499 words
    • Article, Illustration
      Lock icon China’s one-child policy a bane to new leadership
      736 20 Bloomberg Beijing AS the world’s largest national congress meets in Beijing to prepare for new leadership, likely successor Xi Jinping will inherit a roadblock to growth dating back almost to the era of Mao Zedong: the one-child policy. Implemented in 1979 to
      Bloomberg; AFP  -  736 words
    • Article
      Lock icon BOJ pledges to continue monetary easing
      533 21  -  It will do so until annual consumer price inflation of one per cent is achieved, says central bank’s governor By Anthony Rowley btworld@sph.com.sg Tokyo BANK of Japan (BOJ) governor Masaaki Shirakawa yesterday pledged that the Japanese central bank would continue monetary easing until annual
      533 words
    • Article
      Lock icon Aussie treasurer hits out at billionaires
      359 21 AFP Sydney AUSTRALIA’S Treasurer Wayne Swan yesterday singled out three of his country’s billionaire mining magnates in an unusual and high-profile attack on what he called “vested interests”. In an essay for The Monthly magazine, Mr Swan argued that a minority of the country’s
      AFP  -  359 words
    • Article
      Lock icon Bob Carr replaces defeated leadership contender Kevin Rudd
      306 21 Reuters Canberra AUSTRALIAN Prime Minister Julia Gillard lured one of the ruling party’s elder statesmen out of retirement to become her new foreign minister yesterday, a bold move that gives her unpopular government a potential leadership alternative. Ms Gillard appointed Bob Carr,
      Reuters  -  306 words
    • Article, Illustration
      Lock icon Greek swaps head back to ISDA ruling committee
      545 22 Exchange of bonds for new securities hasn’t triggered swaps Bloomberg London HOLDERS of credit-default swaps on Greek bonds shouldn’t tear up their contracts after Thursday’s ruling against a payout. The International Swaps Derivatives Association (ISDA) said the swaps hadn’t been triggered by
      Bloomberg; BLOOMBERG  -  545 words
    • Article
      Lock icon Vietnam may merge stock exchanges next year
      443 22 Bloomberg Hanoi VIETNAM’S securities regulator will submit plans to merge the country’s two stock exchanges in an effort to improve the quality of listings after the benchmark index fell by the most among Asian equity measures last year. The Ho Chi Minh City
      Bloomberg  -  443 words
    • Article
      Lock icon US firms’ cash horde in untaxed offshore accounts rises
      358 22 Bloomberg New York US companies led by General Electric Co and Pfizer Inc stockpiled an additional US$187 billion in untaxed overseas profits over the past year, boosting their offshore holdings by 18.4 per cent, according to data compiled by Bloomberg. The
      Bloomberg  -  358 words
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  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      49 21 MARCH ISSUE OUT NOW! R <* I BUYS /"’SPRING THE BIG TRENDS MUST-HAVES OFTHESEASO MINIMALIST MAKEUP SHIMMER IN THE SOFT. NEW HUES > y* r3 0 CALL OF THE WILD ACCESSORIES GO TRIBAL ALEXA CHUNG'S OBJECTS OF DESIRE k 3a®» -The Hottest, NEWEST LATEST For SPRING/ SUMMER 2012 oN'-U $5.40
      49 words
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  • Article
    Lock icon SGX
    8162 23 Transaction date: Mar 2 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 11.5 8Telecom 13.5 +1.5 561 13.5 12.2 12.6 13.3 7.8 4.5 2.8 64.7 9.5 4 A-Sonic 5.1 4.9 5.4 2.5 36.5
    8,162 words
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  • Article
    Lock icon SGX CATALIST
    1756 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.1 t 800 Super 17 -0.2 20 17 17 16.5 17.2 4.7 3.2 6.6 30.4 4.5 2.5 t AA Grp 3.6 -0.4 488 3.9
    1,756 words
  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 4 0 0 0 7 5 4 Manufacturing 72 41 41 6 8 8 78 49 49 Commerce 27 16 14 9 1 0 36 17 14 Tpt/Stor/Comms 18 12 14
    186 words
  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    817 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 27 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) HG Metal Mfg 1-Mar-12 Oriental Castle Sdn Bhd Sell ***** na *****0 26.00 *****0 22.00 Liongold 1-Mar-12
    817 words
  • Article
    Lock icon SECURITIES TRADING TURNOVER
    123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,441 16,441 51,275 51,275 Manufacturing 299,338 111,069 410,407 228,681 1,407 230,088 Commerce 137,793 8,098 145,891 125,098 621 125,719 Tpt/Stor/Comms 128,824 20,025 148,849 170,473 3,550 174,023 Finance 16,968 343 17,311 150,763 79 150,842 Construction 115,953 10,613
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 27 Mar 1 COCOA (£/tonne) Close Prev High/Low Mar 12 1484 1513 1507/1460 May 12 1504 1522 1520/1476 Jul 12 1518 1531 1532/1490 Sep 12 1523 1533 1531/1492 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2017 2008 2042/2014 May 12 2018 2008 2044/2010 Jul 12 1998 1992 2017/1987 Sep 12 2011
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    • Article
      Lock icon METALS
      69 27 Mar 2 GOLD(US$/oz) Mar 01 Mar 02 Hong Kong 1729.50 1722.00 Hong Kong Feb 29 Mar 01 London 1734.36 1712.76 1735.13 1713.53 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 44.66 44.00 Source: UOB PLATINUM/ Lon (US$/oz) Mar 01 Close Previous PM Fix 1686.00 1726.00 AM Fix 1692.00
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    • Article
      Lock icon PALM OIL
      60 27 Mar 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 12 3250.0 3255.0 3250.0 3235.0 996 1237 Apr 12 3268.0 3268.0 3271.0 3249.0 1419 ***** May 12 3274.0 3285.0 3283.0 3256.0 9463 ***** Jun 12 3289.0 3280.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 27 Mar 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 31-May-12 0.33 1-Year BY*****W 01-Nov-12 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 99.98 5-Year N*****0Z 2.375 01-Apr-17 108.71 108.75 108.75 Day's 10-Year
      80 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Mar 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3460 1.3463 1.0767 1.0768 Canadian dollar 1.2658 1.2663 1.0126 1.0128 Euro 1.6589 1.6594 1.3270 1.3272 NZ dollar 1.0435 1.0440 0.8347 0.8350 Sterling pound 1.9903 1.9910 1.5921 1.5924
      154 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      99 27 As on 1 March 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT APR2012 1725.60 1703.30 1722.10 803 CURRENCY AUD-USD FUT MAR2012 1.0762 1.0719 1.0783 18 EUR-USD FUT MAR2012 1.3357 1.3283 1.3310 9901 BASE METAL COPPER FUT MAY2012 8656 8493 8666 2162
      99 words
    • Article
      Lock icon CHICAGO BOT
      103 27 Mar 1 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 12 1316.75 1313.50 1317.50 1300.00 May 12 1322.50 1320.00 1323.75 1306.25 Jul 12 1329.50 1327.75 1331.00 1313.75 Aug 12 1320.50 1317.00 1321.50 1307.75 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 12 53.94 54.09 54.18 53.76
      103 words
    • Article
      Lock icon OIL
      74 27 Mar 1 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 124.42 2.95 WTI (Near Mth) 108.91 1.77 Dubai (1-Mth F) 119.10 -0.53 Tapis blend 131.85 0.85 Minas 131.65 0.85 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 119.00 -1.00 Jet Kerosene 134.05 -1.40 US$/barrel OpecOil Basket Price 120.79
      74 words
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      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Mar 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.379 1.314 Can dollar 1.289 1.24 Euro 1.693 1.628 Sterling pound 2.028 1.95 NZ dollar 1.076 1.025 US dollar 1.265 1.217 Local dollars to 100 units of foreign currency: Currencies Sell
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      Lock icon LONDON METALS
      69 27 Mar 1 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2312.25 2285.50 3 months 2353.00 2328.00 Copper, Grade A (US$/tonne) Cash 8625.00 8493.00 3 months 8629.00 8499.00 Lead (US$/tonne) Cash 2131.00 2130.50 3 months 2163.00 2160.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 1 Index Change Change Change Change Change Change World Preliminary 907.9 0.4 9.4 0.5 6.1 0.3 10.2 EAFE Preliminary 748.6 0.4 9.7 0.3 7.0 0.2 11.2 Europe Preliminary 1113.6 0.9 8.5
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      Lock icon STOCK MARKETS
      89 27 YTD change:+13.12% 52-week high: 3,227.28 on Aug 1,2011 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg YTD change:+16.97% 52-week high: 24,468.60 on Apr 8,2011 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg YTD change: +6.24% 52-week high: 13,055.70 on Feb 29,2012 52-week low: 10,404.40 on Oct 4,2011 (Chart
      Source: Bloomberg  -  89 words
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  • PERSPECTIVE
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      Lock icon Class divide threatens the US
      912 28 / 29  -  But there is such a thing as the American character and it is durable Robert Samuelson The Wash ington Post Writers Group IN 1924, the sociologist couple Robert and Helen Lynd arrived in a small Midwestern city they called Middletown to study and survey the
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      Lock icon Brazil needs to free up resources to progress
      886 28 / 29  -  By Andrés Velasco ~The writer, a former finance minister of Chile, is a visiting professor at Columbia University for 2011-2012 Project Syndicate DURING a visit to Rio de Janeiro last year, US President Barack Obama told a cheering crowd that Brazil is
      Project Syndicate  -  886 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon It’s not a long-term bull: Daryl Guppy
        1172 30 / 31  -  The technical analyst and trading coach notes that the Dow Jones Index does not appear to be able to get past a resistance level, and trading volume is low Genevieve Cua gen@sph.com.sg Personal Finance Editor MARKETShave been on a tear in recent weeks,
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        Lock icon BROKERS’ TAKE
        763 30 / 31  -  Compiled by Lynette Khoo UE E&C Hold OCBC Investment Research March 2 Close: $0.57 $65 million net profit for FY11: We met with UE E&C’s management recently to understand more about its stellar FY11 results, which were significantly above our expectations. During the year, it posted a 160
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        Lock icon Investing in an era of high oil prices
        1003 32  -  Stock markets, many parts of credit markets and more cyclical commodities should see further gains WEALTH INSIGHT iles Keating ~The writer is head of Private Banking and Asset Management Research, Credit Suisse GLOBALequityand credit markets have seen significant gains since the start
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        Lock icon Strong balance sheets for Singapore households
        1049 33  -  Latest available data shows household net wealth grew from $560 billion in 2000 to $1.09 trillion in 2009 SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior correspondent SO how rich have the aggregate Singapore households grown in the last decade or so? Data
        Source: Compiled by BT with data from Department of Statistics  -  1,049 words
    • WEALTH REAL ESTATE
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        Lock icon Beijing won’t let local govts ease property rules
        330 34 Tensions between them will be on show at next week’s National People’s Congress Bloomberg Shanghai CHINA will stem any new property easing by local governments as the central authority is determined to maintain curbs on housing, Shanghai Securities News reported yesterday. The
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      • Article
        Lock icon Househunt
        736 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN FEB 1 AND FEB 7, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Riverside Piazza Apt 07/02/2012 99 1270 1300 1024 District 3 NON-LANDED Ascentia Sky Apt
        736 words
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        Lock icon Olympics fails to give Newham a boost
        1154 35 London’s poorest district saw the city’s biggest fall in home prices despite government spending to revitalise the area Bloomberg London THE east London borough hosting the 2012 Olympic Games had the city’s biggest decline in home prices even after the government spent billions
        Bloomberg; BLOOMBERG  -  1,154 words
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      137 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. M i It 7 J. THE WATCH THAT BROKE ALL THE RULES, REBORN FOR 2012. IN 1972, THE ORIGINAL ROYAL OAK SHOCKED THE WATCHMAKING WORLD AS THE FIRST HAUTE HOROLOGY SPORTS WATCH TO TREAT STEEL AS A PRECIOUS METAL. TODAY THE
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      59 1 LivingBTTHE BUSINESS TIMES WEEKEND MARCH 3-4 2012 DINING Food from the heartL6-7 A SWITCH IN TIME Six who gave up their day jobs to take the plunge L2-5 HEALTH Watch that cough L15 GOLF Extreme courses L17 NO HOLDS BARRED DBS gears up L16 HOME GARDEN For the house proud
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  • BT Living
    • STYLE
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        Lock icon A switch in time
        4171 2 / 3  -  Not many would give up solid day jobs to plunge headlong into their passions. Here are six who did just that. By Debbie Yong and By Debbie Yong Melissa Lwee-Ramsay debyong@sph.com.sg mellwee@sph.com.sg Tann-Ling Loh The Prelude Bridal WHAT do you do when you’re a distressed bride
        ARTHUR LEE  -  4,171 words
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        Lock icon Parisian time travel
        823 14 The Paris Fashion Week kicked off on Tuesday with a dizzying romp through time from the Renaissance to modern graffiti street art NYT AFP AP FROM a whimsical time-travel-ling romp through fashion tropes such as a Renaissance hunting party to the 1970s punk scene via antique kimonos
        NYT; AFP; AP; PHOTOS: AP; REUTERS  -  823 words
    • DINING
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        Lock icon Food from the heart
        900 6 / 7  -  Three chefs from Barcelona stir up food and emotions at Capella Hotel. By Debbie Yong debyong@sph.com.sg FOR a guy whose profession requires him to fuss over food, Spanish chef Aitor Olabegoya is oddly adamant about his diners taking the attention off his food. “It’s not just
        PHOTOS BY YEN MENG JIIN  -  900 words
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        Lock icon To market, to market
        1039 6 / 7 guest chef EL Quim de la Boqueria may be just a pocket-sized 18-stool lunch counter in Barcelona, but its celebrated chef Quim Marquez Duran likes to think that he has got one of the biggest chillers in the city. Referring to La Boqueria, Spain’s largest and
        1,039 words
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        Lock icon French restaurant gets 3 Michelin stars
        475 8 AFP Paris THE Michelin guide on Monday awarded three stars to a restaurant tucked into the French Alps, taking the total number of eateries with the coveted rating to 26 in France. French chef Emmanuel Renaut scooped the award for his “Flocons de Sel”
        AFP; AP  -  475 words
    • HOME & GARDEN
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        Lock icon For the house proud
        1943 9  -  Four stores, with their own unique selling points, offer the latest in kitchen concepts and home furnishing products. By Corinne Kerk By Corinne Kerk btnews@sph.com.sg Italian cool Arclinea 163 Penang Road, #01-02, Winsland House II Z6332 3122. www.arclinea.com.sg IN the business of selling dream kitchens, getting
        YEN MENG JIIN  -  1,943 words
    • READERS' PROMOTION
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        Lock icon Bintan, the ultimate escapade
        1418 12 / 13 Bintan Resorts offers a host of activities to make your island holiday memorable. Simply mention ‘BT Readers’ Promotion’ when making reservations at any of the mentioned outlets to qualify for the offers stated below chenk@sph.com.sg FANCY a relaxing holiday away from the city’s hustle and bustle
        1,418 words
    • HEALTH
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        Lock icon Watch that cough
        1053 15  -  If you have a persistent, debilitating cough, it could be a viral infection that looks like the flu but is really a sign of heart disease. By Michael Lim By Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also
        PHOTO-ILLUSTRATION: HYRIE RAHMAT  -  1,053 words
    • SPORTS
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        Lock icon DBS gears up for its debut Regatta
        695 16  -  The inaugural DBS Marina Regatta is the biggest event in the Asian calendar no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent IT is perhaps fitting that, in this year of the water dragon, Singapore will host an international dragon boating competition for the first
        695 words
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        Lock icon Blazing a trail of glory for women
        563 16  -  kick off with colette wong AS a teenager growing up in Singapore in the mid-1980s, I was intrigued with sports. I loved it. I was in the athletics team in primary school and then joined tennis, softball and hockey as an extra-curricular activity
        JOSEPH NAIR  -  563 words
    • GOLF
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        Lock icon Extreme courses
        1077 17  -  There are more than a few unusual courses in the world to challenge the adventurous golfer. By Justine Moss btnews@sph.com.sg FOR most players, a weekend golf game is par for the course and can be a relatively routine experience, although there’s no denying the appeal of getting together
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    • MOTORING
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        Lock icon CIVIC DUTY BIG FUN
        1377 18 / 19  -  Not all hybrids are equal, even if both are Japanese. Samuel Ee drives two petrol-electric models based on different hybrid principles Samuel Ee samuelee@sph.com.sg ALL one needs to understand why a Honda hybrid functions the way it does is to find out what the IMA abbreviation
        1,377 words
      • Article, Illustration
        Lock icon LESS IS MORE
        792 20  -  The new Bentley Continental GT V8 has four less cylinders than usual but it is not inferior to the W12. By Joe Yeo By Joe Yeo btnews@sph.com.sg IN the world of cars, it is generally true that the bigger the number the better, eg more power, more
        792 words
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      881 8 wine&dinewith BTWeekend Bar on 5 Level 5, Mandarin Orchard Singapore 333 Orchard RoadZ6831 6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage menu features
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