The Business Times, 21 March 2012

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Microfilm: NL31821
Total Pages: 60
1 30 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, March 21, 2012
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  • Article
    Lock icon ST Kinetics cries foul, starts battle to clear its name
    722 1  -  Blacklisted in India but not charged, it seeks international arbitration By MALMINDERJIT SINGH [SINGAPORE] A leading Singapore defence supplier says that it has been treated unfairly in India the world’s biggest importer of arms and will seek international arbitration to
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      109 1 GST INDEX 3,002.73 (+12.64) GST INDEX FUTURES 3,003.00 (+13.00) GSIMSCI 346.18 (+1.00) GSIMSCI FUTURES 346.30 (+1.40) us$ s$ US$ (S$ per US$) 1.261 (US$/S$ per 1.586 1.999 EURO (US$/S$/E) 1.323 1.668 Foreign currency per US$ S$ YEN 83.50 66.20 RM 3.073 2.437 HK$ 7.764 6.158 BAHT 30.75 24.39 RUPIAH
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    • Article
      Lock icon PRIME RATES
      25 1 SINGAPORE „5ja MALAYSIA „...,6Ai KONG K'ONG INDONESIA lAlY/AN ***** KOREA u n BRITAIN .050 U5 CANADA ...J-JS inn swimRiAfio .0.50 INDIA Source: Bloomberg
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  • Article, Illustration
    Lock icon Chocolate champ John Chuang is Businessman of the Year
    864 1  -  By FELDA CHAY [SINGAPORE] Life may be like a box of chocolates, but for Petra Foods CEO John Chuang, life is a box of chocolates or rather, many boxes of chocolates. The cocoa company that the 63-year-old has been leading is
    ARTHUR LEE  -  864 words
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      183 1 LAND TRANSPORT Premium brands pick up new buyers in Cat A page 23 COMMENTARY Fixing the China-West imbalance PAGE 19 HOCK LOCK SIEW MDR a gem among the penny stocks PAGE 6 BT Lifestyle is now on Facebook (www.facebook.com/btlifestyle) Follow our page by clicking on the Like button to get
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      24 1 EXEC MONEY Fund manager size matters PAGE 31 Don’t miss the 30-page SBA supplement that comes with your copy of The Business Times today
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      560 2 ST Kinetics cries foul, starts battle to clear its name DEFENCE supplier Singapore Technologies Kinetics says it has been treated unfairly in India and will seek international arbitration to protect its reputation. But first, it will try to convince an Indian court today of the merits of its
      560 words
    • Article, Illustration
      Lock icon New race deal key to any F1 IPO here
      494 2  -  Negotiations underway but one sticking point is sanction fee; F1 likely to be valued at over US$10b By SAMUEL EE [SINGAPORE] Any plans for a Singapore listing of Formula One may hinge on a new five-year contract to host the grand
      494 words
    • Article
      Lock icon China ready to speed up rate liberalisation
      465 2 AFP [BEIJING] China says the conditions are “basically ripe” to push forward with interest rate liberalisation. People’s Bank of China (PBOC) governor Zhou Xiaochuan said the government is set to take faster steps to carry out the change. Beijing will also enhance the
      AFP  -  465 words
    • Article
      Lock icon More trade bodies tap govt’s Lead funding
      464 4  -  They will carry out projects to give their members a boost By TEH SHI NING [SINGAPORE] Trade associations and chambers (TACs) have stepped up to lead companies in Singapore’s productivity push nine were awarded government funding yesterday for varied projects to strengthen enterprises
      464 words
    • Article
      Lock icon Case gives new meaning to ‘family-run business’: judge
      642 4  -  By GRACE LEONG [SINGAPORE] A High Court judge has ruled that a former director of Panweld Trading Pte Ltd is liable to pay $873,959 to the company for putting his wife on the payroll for 17 years even though she had never
      642 words
    • Article, Illustration
      Lock icon Tangs in $45m remodelling into Orchard Rd’s Harrods
      584 4  -  Plan will be funded through cash and debt, over three-year period By NISHA RAMCHANDANI [SINGAPORE] Tangs is investing $45 million to transform its flagship store on Orchard Road into a retail offering along the lines of London’s iconic Harrods or New York’s
      MINISTRY OF DESIGN  -  584 words
    • Article, Illustration
      Lock icon Templeton sees 3-fold rise in investments in frontier-market funds
      734 4  -  It says emerging markets may grow 5.4% in 2012, outshine rich nations By JAMIE LEE and EDWIN LOH [SINGAPORE] Investments in the frontier-market fund of Templeton Emerging Markets Group could triple to US$3.6 billion in a few years, as investors diversify
      BLOOMBERG  -  734 words
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      1 2 $100
      1 words
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      388 2 Civr A TJT 7 Investment k3iTArAXVX International Property Expo LOCAL OVERSEAS PROPERTY STOCKS FUNDS ALTERNATIVE INVESTMENT 24 (Sat) 25 (Sun) March 2012 11am 7pm Hall 401, SUNTEC Singapore International Convention Exhibition Centre FREE ENTRY REGISTER NOW www.smart6xpos.com/sg Meet Singapore's Leading Property Investment Experts S M-\KI a is CJ ARRIVE EARLY.
      388 words
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      182 3 The Pursuit Of Perfection j s i > w /a; m K -X.> tg*i C—u v i 7 ?j5 n ii R u u I a m i 1 <f I BS 12' m i X J x._rw rB i:-• PS I! t* >4 CLASS BEYOND FIRST. The Lexus LS
      182 words
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      47 4 How to run a business without running out of ideas SME March/April issue out now! Available at Caltex, Esso, Shell and SPC petrol stations, 7 Eleven and Cheers stores and leading bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838.
      47 words
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      206 5 y DRIVE TO A DIFFEREN BEAT CONTINENTAL The all-new Bentley introduces an exhilarating twist of innovation: a visceral 4.0L twin-turbocharged V8 engine. Accelerate hard and it magnificently growls to the full power of SOObhp and 660Nm of torque, streaking to lOOkm/h in 4.8 seconds with a new 8-speed transmission and
      206 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SingTel, StarHub share prices neck-and-neck
      558 6  -  While the former drifts, the latter gains 4% on top of last year’s 11% By JOYCE HOOI THE share prices of telco rivals SingTel and StarHub have been within spitting distance of one another over the last week, for the first time since 2006. As
      PHOTOS: BLOOMBERG  -  558 words
    • Article
      Lock icon MDR a gem among the penny stocks
      758 6  -  HOCK LOCK SIEW By VEN SREENIVASAN THE unfolding market recovery has stirred up significant interest in penny stocks, mainly because of their potential to deliver higher percentage returns. The danger is that, in their chase for quick profits, punters often overlook the fundamentals.
      758 words
    • Article, Illustration
      Lock icon Temasek-linked fund takes stake in Mencast Holdings
      443 7  -  It will subscribe for 7m shares, or 3.7% of the existing issued share capital By JASMINE NG A TEMASEK-linked fund is making its first publicly announced investment $3.71 million in marine and offshore services firm Mencast Holdings by means of subscription of newly
      FILE PHOTO  -  443 words
    • Article
      Lock icon STX OSV shares rise on news of orders
      372 7  -  By CARINE LEE NEWS that STX OSV Holdings had clinched two separate contracts worth a total of 1.15 billion Norwegian krone (S$253 million) drove its shares up by 1.4 per cent yesterday, closing at a high of $1.78. Analysts from CIMB and
      372 words
    • Article
      Lock icon ARA Asset planning yuan IPO in S’pore: sources
      272 7 Bloomberg ARA ASSET Management, part-owned by Li Ka-shing’s Cheung Kong Holdings Ltd, is planning Singapore’s first initial public offering denominated in yuan, said three people with knowledge of the matter. ARA, a manager of property trusts, hired Citigroup, DBS Group Holdings and
      Bloomberg  -  272 words
    • Article, Illustration
      Lock icon RBS to let 70 go when it closes 3 units in Asia
      546 10  -  Shutdown follows pact with CIMB to sell some of its assets in the region By SIOW LI SEN ROYAL Bank of Scotland will lay off about 70 people as it exits the equities and corporate finance businesses in
      FILE PHOTO  -  546 words
    • Article
      Lock icon ABN Amro bullish on Asian corporate bonds
      486 10  -  DBS, OCBC, UOB, SingTel given ‘buy’ recommendation By LYNETTE KHOO ASIAN corporate bonds are expected to outperform US bonds this year on the back of strong fundamentals, attractive valuations and low risk of default, according to a new report from ABN Amro Private
      486 words
    • Article
      Lock icon Family firms ‘need to have better governance’
      771 10  -  Study finds 52% of firms listed on SGX are family-owned By JOSHUA TAN FAMILY firms in Singapore form the majority of SGXlisted companies and are a significant pillar of the economy, but they should look to better governance practices and careful succession planning
      771 words
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      2407 6 M1 LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****6031W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 10th Annual General Meeting of the ordinary shareholders of the Company will be held at The Fullerton Hotel Singapore, Ballroom 2, Lower Lobby, 1 Fullerton Square, Singapore
      2,407 words
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      952 7 Now your needs are within reach with a variety of time deposit options of up to 1.15% p.a on SGD. Choose from a variety of time deposit options from HSBC and enjoy attractive interest rates available across SGD, ADD and USD currencies. You can also combine our 3-month and 12-month
      952 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Still in the grip of low volume
      584 8  -  Earlier talk about the possible start of a new bull market seems to be premature, dealers say STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index may have risen 12.64 points to 3,002.73 despite a 1.1 per cent loss for the Hang Seng
      Source: Bloomberg  -  584 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 4 0 0 0 7 5 4 Manufacturing 52 41 43 4 2 5 56 43 48 Commerce 30 17 19 0 5 2 30 22 21 Tpt/Stor/Comms 24 9 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 8,525 8,525 28,567 28,567 Manufacturing 230,551 29,058 259,609 188,118 889 189,006 Commerce 95,078 14,400 109,478 103,006 1,176 104,182 Tpt/Stor/Comms 122,398 23,236 145,634 169,018 5,138 174,156 Finance 15,677 300 15,977 115,541 68 115,608 Construction 52,538 6,314
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 8 Stock name Close Change CapMallsAsia 1.695 +0.050 CapitaLand 3.050 +0.020 CapitaMall 1.775 CityDev 11.320 +0.030 ComfortDelGro 1.500 -0.005 DBS Grp 14.470 +0.030 F&N 6.790 +0.040 GLP 2.120 -0.020 Genting SP 1.635 +0.010 Golden Agri 0.740 HK Land 5.730 +0.010 JMH 51.600 +0.830 JSH 32.410 +0.410 Jardine
      109 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Mar 20 VALUE CLOSE BT OB/OS 551.00 +370.0 BT CADI -*****.00 +65.00 BT 10-day MA -*****.00 +55.00 FTSE ST Mid Cap 694.77 -0.27 FTSE ST Small Cap 467.72 +2.78 FTSE ST All Share 727.19 +2.57 FTSE ST China Top 229.03 -0.23 FTSE ST China 254.83 -0.04 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      54 8 VOLUME Golden Agri 56,242,000 Genting SP 46,180,000 Yoma 45,699,000 MDR 39,576,000 Ezra 36,077,000 EzionHldg 30,805,000 Noble Grp 22,190,000 Nam Cheong 20,273,000 LionGold 20,107,000 Yangzijiang 20,065,000 VALUE($) Genting SP 75,349,710 DBS Grp 60,580,323 Wilmar 42,555,060 Golden Agri 41,506,105 Ezra 40,414,275 SingTel 38,779,500 Noble Grp 30,985,615 EzionHldg 28,476,760 CapitaLand
      54 words
    • Article, Illustration
      Lock icon QUICKCHART
      479 8 by Maybank Kim Eng Research Interra Resources (S$0.34) Riding high 50-day EMA $0.267 100-day EMA $0.2189 200-day EMA $0.184 50-day vs 200-day 45% RSI 65.70 After several months of consolidation, the stock finally broke above the $0.20 level. Share price has surged above the moving averages. 50-day and 200-day
      479 words
    • Article, Illustration
      Lock icon Ringgit leads drop in Asian units as regional stocks fall
      544 8 CURRENCIES Bloomberg [BANGKOK] Malaysia’s ringgit and the Philippine peso led declines in Asian currencies, tracking losses in regional equities, on concern that higher energy costs will hurt the region’s economies. The MSCI Asia-Pacific excluding Japan Index of shares fell for
      Bloomberg; BLOOMBERG  -  544 words
    • Article
      Lock icon RISES
      102 8 BY CENTS CLOSE UP JMH 5160 104.6 1.6 DBXT MSKorea 10US$ 6021 58.0 0.8 JSH 3241 51.7 1.3 Lyxor ThaiSET 10US$ ***** 41.6 0.3 STXPO 100 938 28.0 3.1 DBXT FTVietnam 10US$ 2454 27.7 0.9 DBXT MSTHAI 10US$ 1891 25.2 1.1 DBS.ES.1203 1453 16.0 1.1 UOB 1823 13.0 0.7
      102 words
    • Article
      Lock icon FALLS
      123 8 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ ***** -282.7 -1.2 GLD 10US$ ***** -79.4 -0.4 Great Eastern 1480 -47.0 -3.1 Lyxor China H 10US$ 1379 -24.0 -1.4 DBXT MSTaiwan 10US$ 1810 -21.4 -0.9 DBXT CSI300 10US$ 864 -20.2 -1.8 OldChangK W*****6 16 -14.5 -47.5 SIA 200 1090 -12.0
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      244 9 meyeRise FREEHOLD llll I T »1KSSS Z riHg!!! 1 T»Vi!!£ li 51 jc 51 i i Eft K\i Mi M if MS M min Mif TUfflL THUSTflfflL TBilimi If b fi'« n *1? r M if M if IK if. L ,r jf. J III IIP HI! 31!!!!! A •v
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      161 10 A y v r to Savour the best of Sprin v K* Japanese chef extraordinaire Hiroshi Ishii returns and presents a refreshing menu at Keyaki that will impress and delight. Master Chef Ishii has been at the helm of Keyaki for nearly 21 years, establishing the restaurant’s reputation at the
      161 words
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      288 11 Advantage is what you pass on to your loved ones Leaving your loved ones a lasting legacy is a gift they will always treasure. That is why we developed the PRUVantage suite of products. This includes PRUUniversal Vantage Zenith PRUUniversal Vantage Optimum to help plan for your estate, grow and
      288 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Only less than half of SMEs, SMPs give tech the thumbs-up
      567 12  -  ICPAS survey also shows many don’t use or know about assistance schemes By ANNA LEE IN A survey of small and medium-sized enterprises (SMEs) and small and medi-um-sized accountancy practices (SMPs), less than half of them were satisfied with
      567 words
    • Article, Illustration
      Lock icon Pasir Panjang site up for collective sale
      315 12  -  Freehold Westvale’s $85.5m asking price is at $974 psf ppr By MICHELLE TAN COLLECTIVE sales activity has been picking up since the start of the year, and freehold residential property Westvale Condominium is the latest to hit the market. The 32-unit strata walk-up
      315 words
    • Article
      Lock icon Humpuss Sea Transport files for bankruptcy in US
      240 12 Bloomberg HUMPUSS Sea Transport Pte Ltd, a Singa-pore-based unit of an Indonesian shipping company, has filed for Chapter 15 bankruptcy protection in the United States. The unit of Jakarta-based PT Humpuss Intermoda Transportasi is already under the control of liquidators in Singapore,
      Bloomberg  -  240 words
    • Article
      Lock icon All projects studied under Jurong Island 2.0 initiative completed
      584 12  -  By RONNIE LIM ALL the 10 or so projects studied under the Jurong Island version 2.0 initiative, aimed at ramping up the petrochemical island’s competitiveness and overcoming its resource limitations, have been completed, JTC director Heah Soon Poh told BT this
      584 words
    • Article
      Lock icon S’porea magnet for espionage, subversion: DPM
      424 12  -  Counter-terrorism gallery opens at ISD heritage centre By LEE U-WEN SINGAPORE’S open society in a highly globalised world with high volumes of trade and travel make the country a magnet for espionage and foreign subversion, said Deputy Prime Minister Teo Chee Hean yesterday. “Singapore
      424 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Tie-up with Myanmar on health training
        111 12 TEMASEK Life Sciences Laboratory (TLL) and Temasek Foundation announced yesterday the start of a technical co-operation in partnership with Myanmar’s National Health Laboratory to develop capabilities in the area of laboratory biorisk management of emerging infectious diseases. The programme involves 25 selected participants taking
        111 words
      • Article
        Lock icon Maybank offers free travel insurance
        83 12 MAYBANK Singapore is offering complimentary year-long travel insurance to all Maybank iSAVvy Savings and iSAVvy Savings Plus accounts with a minimum balance of $200,000. Said Alan Lau, head of consumer banking at Maybank: “Consumers can now avoid the hassle of securing travel insurance on a
        83 words
      • Article
        Lock icon Temasek Poly, Changi Airport sign MOU
        83 12 CHANGI Airport Group (CAG) and Temasek Polytechnic (TP) signed a memorandum of understanding (MOU) yesterday, facilitating collaboration in the areas of aviation training initiatives as well as internship opportunities for TP students. Under the MOU, CAG and TP will allocate staff, students, materials and
        83 words
    • Article
      Lock icon Awards encourage firms to hire more disabled people
      423 12  -  This year’s Enabling Employers Awards to have two new categories By CHUANG PECK MING MORE employers are showing they have a heart by giving jobs to the handicapped. This came especially since last year, when an employers’ network that champions employment opportunities
      423 words
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      39 12 Rem $15,500 Proximity: NEX/MRT/FR All Int Sell, c L; EKA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg
      39 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Portugal ‘won’t seek more time, money’
      738 13 It shrugs off any talk that it’s slipping behind in schedule to cut budget deficit Reuters [WASHINGTON] Portugal, dismissing suggestions that it is slipping behind in reducing its budget deficit under its bailout programme, says it has no intention of seeking more time or
      Reuters; BLOOMBERG  -  738 words
    • Article, Illustration
      Lock icon UK launches £20b credit-easing scheme for small firms
      661 13 Reuters [LONDON] British Chancellor of the Exchequer George Osborne launched yesterday his much-vaunt-ed £20 billion (S$40.1 billion) credit-easing scheme to help small companies, but critics argue the plan will make little difference to cash-starved firms. With Britain’s prized AAA credit rating under
      Reuters; BLOOMBERG  -  661 words
    • Article, Illustration
      Lock icon HSBC to opt out of new loan scheme
      238 13 [LONDON] HSBC decided to opt out of Britain’s new scheme to boost the supply of bank lending to smaller and medium-sized enterprises (SMEs) for financial reasons. HSBC said yesterday that while it supported government moves to get more credit flowing to business,
      Reuters  -  238 words
    • Article
      Lock icon PICTET
      278 13 Pictet-Absl Rtn Glo Cons-P EUR 16.03.2012 EUR 102,85 Pictet-Absl Rtn Glo Div-P EUR 16.03.2012 EUR 116,33 Pictet-Asian Equities Ex Japan-P USD 16.03.2012 USD 174,21 Pictet-Asian Local Currency Debt-P USD 16.03.2012 USD 147,12 Pictet-Biotech-P USD 16.03.2012 USD 316,58 Pictet-Clean Energy-P USD 16.03.2012 USD 68,05 Pictet-Digital Communication-P USD 16.03.2012 USD 144,15
      278 words
    • Article
      Lock icon Greece seen requiring third bailout
      656 13 It may struggle to carry out ambitious economic measures Bloomberg [LONDON] Greece’s bonds and credit ratings are factoring in a third bailout for the nation that analysts and investors say will require greater concessions from its international creditors. Within a week of eu-ro-area member states
      Bloomberg  -  656 words
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      151 13 0 Jones Lang LaSalle Real value in a changing world Jones Lang LaSalle Property Consultants Pte Ltd CEA Licence No. L*****26E FOR SALE BY PUBLIC TENDER Pasir Panjang Road Freehold Redevelopment Site Near Haw Par Villa MRT Station I West Coast Park I Kent Ridge Park Short Drive to City,
      151 words
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      276 13 POWER-GEN Jndia 3r Central (fsia HvdroVision INDIA RENEWABLE ENERGY WOIRLD CONFERENCE EXPO -INDIASWITCHING ON INDIA'S POWER FUTURE 19-21 APRIL 2012, PRAG ATI MAI DAN, NEW DELHI, INDIA Supported by Ministry of POWER, Government of India JOIN INDIA'S WORLD-CLASS POWER EVENT Join India's world-class power event, POWER-GEN India Central Asia together,
      276 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Gamuda-MMC JV wins MRT tunnelling package
      495 14  -  By PAULINE NG in Kuala Lumpur A JOINT venture (JV) between Gamuda and MMC Corp has won the underground package for the first line of the Klang Valley MY Rapid Transit (MRT), submitting the lowest bid of RM8.2 billion (S$3.4 billion) 3.4 per cent
      495 words
    • Article
      Lock icon Winning clear majority in election challenging: Najib
      451 14 A hung Parliament could be detrimental for Malaysia, PM adds Bloomberg [KUALA LUMPUR] Prime Minister Najib Razak said winning a clear majority in Malaysia’s upcoming general election will be “challenging” and a hung Parliament could be detrimental for the South-east Asian nation. “We
      Bloomberg  -  451 words
    • Article, Illustration
      Lock icon Indonesia’s nickel-ore, bauxite shipments may dive
      477 14 Bloomberg [JAKARTA] Nickel-ore and bauxite shipments from Indonesia, the top supplier to China, may plunge 75 per cent this year as a ban on metal-ore sales comes into force in May, two years earlier than scheduled, said an industry group. The ban, originally set
      Bloomberg; REUTERS  -  477 words
    • Article
      Lock icon Khazanah raises US$358m in sukuk sale
      482 14 Parkson convertible bond issue is its first sale since 2008 crisis Bloomberg [KUALA LUMPUR] Khazanah Nasional Bhd, Malaysia’s sovereign-wealth fund, sold the nation’s first convertible Islamic bonds since the financial crisis in 2008 and said a revival in global equity markets will spur similar
      Bloomberg  -  482 words
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      1543 14 NOTICES Gul Technologies Singapore Ltd (Incorporated in the Republic of Singapore) (Company Registration No. *****3137E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 23' Annual General Heeling of Gul Technologies Singapore Ltd (the “Company”) willbe held at the IfflJC Centre, No, 1 Manna Boulevard, Room 701 Level
      1,543 words
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      450 14 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices MATS NOTICES CLA/FEB1 1/g HIGH COMMISSION OF INDIA SINGAPORE CHANGE OF SERVICE PROVIDERS The existing contracts for collection services for Visas, Passports and Consular Services is expiring on March 31, 2012. The High
      450 words
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      211 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF l-SIRIUS PTE LTD (IN CREDITORS’VOLUNTARY LIQUIDATION! (Company Registration No. *****5128GI NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Members and
      211 words
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      12 14 omy.sg WWW. r SINGAPORE sgeawardsTomyrsq J QJfflQR code #5eJRAn»B £fe! SffliS s
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  • GREATER CHINA
    • Article
      Lock icon Australian miners see China demand slowing
      578 15 Strongest indication yet that the boom times, if not over, are tempering Reuters [PERTH] Australian iron ore miners, key beneficiaries of China’s modern-day industrial revolution, yesterday signalled demand growth was finally slowing in response to Beijing’s moves to cool its economy. It was the
      Reuters  -  578 words
    • Article, Illustration
      Lock icon Sun Hung Kai exec arrested on graft charges
      422 15 Reuters [HONG KONG] A senior executive at Sun Hung Kai Properties Ltd, Asia’s largest property developer by market value, has been arrested by Hong Kong’s antigraft body over suspected bribery, in a rare case for a major property company in the city.
      Reuters; BLOOMBERG  -  422 words
    • Article
      Lock icon Bo ouster means state capitalism will fade
      360 15 Bloomberg [BEIJING] Bo Xilai’s ouster last week as head of Chongqing is a signal that China will increase the role of private businesses in the economy and scale back state capitalism, said Zhang Xin, chief executive officer of Soho China Ltd. Mr Zhang,
      Bloomberg  -  360 words
    • Article
      Lock icon High-speed rail system misses sales targets
      310 15 Bloomberg [BEIJING] The 218 billion yuan (S$43.4 billion) Beijing-Shanghai high-speed railway missed sales targets in its first four months of operations after service cuts for safety checks and a fatal crash on another line. An average of about 141,000 travellers a day used the
      Bloomberg  -  310 words
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      2608 15 CHINA ANIMAL HEALTHCARE LTD. 中國 (Incorporated in Bermuda with limited liability) (Company Registration No. *****) (Hong Kong Stock Code: 0940) (Singapore Stock Code: EP4) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Twelfth Annual General Meeting of China Animal Healthcare Ltd. (the ‘‘Company’’) will be held
      2,608 words
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  • WORLD
    • Article
      Lock icon New building permits surge 5.1% in February
      476 16 Annual rate of 717,000 units last month is the highest since October 2008 LATEST US DATA Reuters [WASHINGTON] Permits for US homebuilding neared a 3-1/2 year high in February, even as groundbreaking activity slipped, suggesting a nascent recovery in the housing market was
      Reuters  -  476 words
    • Article
      Lock icon Yangon drafts new foreign investment law
      535 16 It offers investors tax breaks, includes plan to float the currency Reuters [YANGON] Foreigners will not need a local partner to set up businesses in Myanmar, in line with current legislation, and may be granted a five-year tax holiday from the start of commercial
      Reuters  -  535 words
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      Lock icon US yet to publicly identify its choice to lead World Bank
      472 16 Delay could leave the door open to a dark-horse candidate Reuters [WASHINGTON] With just five days to go for nations to put forward nominees to lead the World Bank, there are few signs the United States has finalised its
      Reuters  -  472 words
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      Lock icon John Carter drags Disney with it to the Red Planet
      343 16 AP [LOS ANGELES] John Carter is now officially a flop of galactic proportions. The Walt Disney Co said yesterday that it expects to book a loss of US$200 million on the movie in the quarter through March. That’s among Hollywood’s
      AP  -  343 words
    • Article
      Lock icon Investors more bullish on equities: survey
      384 16 It found net 33% of fund managers overweight equities compared to 26% a month ago Reuters [LONDON] Investors’ mood improved in March as brighter prospects for global growth and scaled back predictions of further monetary easing benefited equities, a closely-watched fund managers’ survey showed
      Reuters  -  384 words
    • Article
      Lock icon US House Republicans release budget proposal with tax cuts
      381 16 Bloomberg [WASHINGTON] US House Republicans unveiled a budget proposal calling for major cuts to Medicare and lower tax rates for high earners as lawmakers gear up for an election-year battle over the federal deficit. House Budget Committee chairman Paul Ryan yesterday
      Bloomberg  -  381 words
    • Article
      Lock icon Goldman begins another round of job cuts: sources
      697 17 Latest reductions said to be part of its annual employee review process Reuters [NEW YORK] Goldman Sachs Group Inc has begun a new round of staff cuts in its trading and investment banking divisions, three sources familiar with the matter said, a
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      Lock icon German bourse to sue EU for merger veto
      461 17 Reuters [NEW YORK] Deutsche Boerse AG plans to sue the European Commission for blocking its US$9 billion merger with NYSE Euronext, to recoup merger costs and keep the door open for future deals in the derivatives markets. The European Commission cited antitrust
      Reuters; AFP  -  461 words
    • Article
      Lock icon Steepest fall in law school entrance tests in 10 years
      654 17 NYT [NEW YORK] Legal diplomas are apparently losing lustre. The organisation behind the Law School Admission Test reported that the number of tests it administered this year dropped by more than 16 per cent, the largest decline in more than
      NYT  -  654 words
    • Article, Illustration
      Lock icon Underwriters to get slimmer fees for Facebook IPO
      621 17 Reuters [SAN FRANCISCO] Facebook will pay a fee of just 1.1 per cent to underwriters of its initial public offering, a source with knowledge of the company’s plans said on Monday. News that the payout would be much slimmer than the typical
      Reuters; AP  -  621 words
    • Article
      Lock icon Asian banks replacing European financiers in Gulf lending
      618 17 Bloomberg [DUBAI] Asian banks are likely to boost lending to Persian Gulf countries in the next two years to fill a funding gap that may emerge as European banks scale back regional business, Moody’s Investors Service said. The Gulf Cooperation Council (GCC),
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      72 16 Garden of Eden Reljoice Ballroom 24 th March 2012, Saturday 12 5pm Join us for an afternoon of Workshops, Bridal Show Lunch Reception Admission: $18nett/couple $12nett/couple (UOB cardmembers) Call 6827 8282 sms 9111 7137 Email events@hotelre.com.sg Showcase of Themed Weddings with 0% installment plans r A Starry Starry Nigm Fairytale
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  • EDITORIAL & OPINION
    • Article
      Lock icon India’s post-Budget challenges
      518 18 EDITORIAL THE resignation on Sunday of India’s Railway Minister Dinesh Trivedi after his proposed hike in rail fares was opposed by his own party is symptomatic of the political headwinds facing the Indian government as it battles to manage an economy in desperate need of reform. Mr
      518 words
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      Lock icon Democratic reforms in China not out of the blocks
      768 18  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 WEN Jiabao, beginning his 10th and final year as China’s premier, again called for political reform and warned that failure to make
      768 words
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      Lock icon Private finance has role in S-E Asian healthcare
      925 18  -  But investors will want political stability, fewer regulatory restrictions and transparency By RONALD LING, MARK RATHBONE Dr Ling is PwC’s Asia healthcare leader and Mr Rathbone is infrastructure advisory partner, PwC Services LLP SOUTH-EAST Asia’s emerging economies will be increasingly reliant on
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      Lock icon Fixing the China-West imbalance
      1189 19  -  The US and Europe have to compete with Beijing on technology, quality and brand names By IVAN TSELICHTCHEV The writer is the professor of international economics at the Niigata University of Management in Japan. He writes on international and Asian economies and business, and is also
      AP  -  1,189 words
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      Lock icon When the good do bad
      844 19  -  By DAVID BROOKS NYT IT’S always interesting to read the quotations of people who knew a mass murderer before he killed. They usually express complete bafflement that a person who seemed so kind and normal could do something so horrific. Friends of Robert Bales, who
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  • TransportHUB
    • Article, Illustration
      Lock icon Rising caseload for maritime arbitration
      291 20  -  Busy sector, S’pore’s neutrality contribute to higher profile By LYNN KAN SINGAPORE’S maritime arbitration scene is on the rise, with caseloads climbing and values mounting, Law Minister K Shanmugam indicated yesterday. The caseload for Singapore maritime arbitrators has steadily climbed. Between 2009 and 2011, more
      291 words
    • Article
      Lock icon Pressure on industry nearing a perfect storm
      849 20  -  While facing severe downturn, it must also negotiate its way through mess of political issues STRAIT TALK By DAVID HUGHES THERE seems to be a lot of talking going on in the global shipping industry. Not that it’s necessarily a bad thing. Last
      849 words
    • Article
      Lock icon Shipowners losing after US$11.4b battle for boxes
      588 20 Bloomberg [LONDON] After a quarter in which companies selling space on container lines doubled rates, the amount the owners of the ships are being paid is the least in two years. Operators, who charter vessels and then charge shippers per container, are demanding
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      Lock icon Smaller vessels push Baltic index to 2-month high
      253 20 Reuters [BANGALORE] The Baltic Exchange’s main sea freight index which tracks rates to ship dry commodities rose to its highest in two months, helped by higher rates for supramax and panamax vessels. The overall index that reflects the daily freight market prices
      Reuters; BLOOMBERG  -  253 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Iata downgrades profit outlook for global aviation on oil risk
        782 22  -  US$3b earnings now projected for 2012, against Dec 2011 estimate of US$3.5b By VEN SREENIVASAN THE International Air Transport Association (Iata) has downgraded the profit outlook for the global aviation industry, citing spiking fuel price as the biggest risk faced
        782 words
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        Lock icon Hong Kong Airport’s third runway gets government support
        417 22 Bloomberg Reuters [HONG KONG] Hong Kong’s government backed plans to build an HK$86.2 billion (S$14 billion) third runway at the city’s airport as China’s economic growth spurs demand for passenger and cargo flights. Airport Authority Hong Kong needs to study the environmental
        Bloomberg; Reuters; AFP  -  417 words
      • Article
        Lock icon Kingfisher at risk of losing licence: minister
        457 22 Bloomberg [NEW DELHI] Kingfisher Airlines Ltd, the Indian carrier suffering from cash shortages, may lose its licence as billionaire chairman Vijay Mallya struggles to implement turnaround plans, said Aviation Minister Ajit Singh. “The problem is in the last two to three months, he’s
        Bloomberg  -  457 words
      • Article
        Lock icon Boeing going the distance with the 737 MAX
        577 22 Senior exec says it is not a place-holder for an all-new plane Reuters [SCOTTSDALE, United States] Boeing Co’s upcoming 737 MAX is not a bridge to an all-new small airplane and the US planemaker intends to make the updated version of its
        Reuters  -  577 words
      • Article
        Lock icon In-flight electronics ban under review by FAA
        426 22 No changes will be made until FAA is certain it’s safe Bloomberg [WASHINGTON] US aviation regulators said they are exploring ways to speed reconsideration of bans on airline passengers using electronic devices during landing and takeoff. The Federal Aviation Administration (FAA) said in
        Bloomberg  -  426 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Premium brands pick up speed and new buyers in Cat A
        677 23  -  Mercedes-Benz is top luxury brand in small car COE category By SAMUEL EE THE luxury brands are attracting new customers as they steadily gain market share in the Category A COE segment, with Mer-cedes-Benz being the most successful so
        677 words
      • Article
        Lock icon Slowing China economy puts brakes on car sales
        549 23 Bloomberg [SHANGHAI] China’s vehicle sales this year will probably miss their growth forecast because of the slowing economy, an official at the nation’s state-backed car association said. Total vehicle deliveries forecast by the China Association of Automobile Manufacturers (CAAM) to grow 8
        Bloomberg  -  549 words
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        Lock icon Luxury carmakers offering deep discounts in China
        612 23 Bloomberg [SHANGHAI] There has never been a better time to buy a Mercedes-Benz in China. The problem for luxury carmakers such as Daimler AG is that the incentives are likely to get even bigger. Mercedes dealers are offering record markdowns of 25 per
        Bloomberg; AP  -  612 words
      • Article
        Lock icon Low-interest car loans courtesy of the European Central Bank
        631 23 ECB money could be crucial for European car industry NYT [FRANKFURT] As it moved boldly in recent months to avert a credit crunch and a rash of bank failures, the European Central Bank (ECB) may also have subsidised the market rollout
        NYT  -  631 words
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        Lock icon VW drives sales with new upmarket CC
        418 23  -  By SAMUEL EE THE Volkswagen Passat CC’s “four-door coupé” concept has been so successful that the mid-range German manufacturer has decided to move the next-genera-tion model upmarket and transform it into a standalone model in the Volkswagen range. The second-generation of the Passat
        418 words
      • Article
        Lock icon Nissan banks on Datsun brand
        406 23 Nissan is reviving the nameplate for emerging markets Reuters [JAKARTA] Nissan Motor Co’s revived Datsun brand will target increasing sales in Indonesia, India, and Russia, the firm’s chief executive told reporters yesterday. Nissan plans to invest US$400 million in Indonesia over the next two years,
        Reuters  -  406 words
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      153 20 THE BUSINESS TIMES jp Morgan counts on S-EAtogrow Smith's missive wont hurt Goldman mucn m ur> Ihe local i Cyr".. cr~~--* EB >• MARKETS OKIES! —■sssks— Ti WES m °to r1Ng Wtr Df SIGN sfcsabrand VQng :1 "Math <=*<**. go* and stocks Weekend #l?Sa to S£ S^CK^222r5£2 ■Vp*wfc»_, \V' fV
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      193 21 BLESSED JOURNEY THE LOCH ROAG ,r: ss\ A x- arv V > it vai s; s a T* I X* C c II SSrfSi %s s *«si Principal Particulars Length: 79.67 m Breadth Moulded: 16.40 m Depth main deck; 7.45 m Depth shelter deck: 10.20m Design: Marin Teknikk AS Horsepower;
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      109 22 Learn about investment through the Updated on a weekly basis Understand the meaning of various financial terminologies (such as “Dividend Payout Ratio” and “Stock Beta”) and how to use them Learn the basics of investing in shares Make sense out of all the financial mumbo-jumbo by visiting blog.shareinvestor.com Scan QR
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      343 22 CRYPTIC CROSSWORD Across 1 Mum is carrying a catalogue we may want to buy a load of stuff (12) 9 Fresh motion, top thing to get debated (4,5) 10 Actor may be seen at front of house (5) 11 Maybe exposing the secrets of Sally (6) 12 The pigs he
      343 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      1372 24 Transaction date: Mar 20 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 ('000) High Low Buyer Seller 112.5 92.5 AIMSAMPIReit 110.5 unch 276 110.5 110
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      Lock icon SGX CATALIST
      329 25 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 170 39 t APStrategic 40 unch 25 40 40 40 50 23.7 1 0.2 t Advanced System 0.4 unch 896 0.4 0.3 0.3 0.4
      329 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7392 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD
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    • Article
      Lock icon GLOBALQUOTE
      229 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 46 25.5 Genting HK US$ US36.5 unch 6279 37 36.5 36.5 37 2403.3 Vol 205 168 TanChongInt HK191 192 196 2.9 2.6 13.3 3846.5 STOCK PRICES
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    • Article
      Lock icon SGX ETF
      914 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 101 CIMB APAC Div 100US$ US101.5 -0.5 21 102 101.5 101 101.6 10.7 1261 856 CIMBAsean40 100US$ US1059cd 1048 1052 42.4 ***** ***** DBXT AUD
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      586 26 Mar 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.85 *****.64 *****.48 Jun12 *****.00 *****.00 *****.00 *****.00 ***** *****1 Sep12 *****.00 *****.00 *****.00 *****.00 14 1277 MSCI TAIWAN INDEX FUTURES SPOT 286.48 286.81 283.05 Mar12 286.90 287.20 282.50 284.00 ***** *****3 Apr12 286.30 286.40
      586 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      92 26 As on 19 March 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT APR2012 1669.50 1653.10 1667.20 503 CURRENCY EUR-USD FUT JUN2012 1.3272 1.3090 1.3244 7641 BASE METAL COPPER FUT MAY2012 8600 8499 8617 2046 INDEX IRON ORE (MBIO) IDX FUT MAR2012
      92 words
    • Article
      Lock icon CHICAGO BOT
      107 26 Mar 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1366.50 1380.75 1378.00 1362.50 Jul 12 1373.50 1369.25 1384.50 1369.50 Aug 12 1364.00 1347.25 1372.50 1359.25 Sep 12 1343.25 1328.25 1349.25 1340.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 55.40
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 26 CRUDE OIL PRODUCTS Mar 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 125.67 0.96 WTI (Near Mth) 108.01 0.89 Dubai (1-Mth F) 122.34 2.69 Tapis blend 132.50 2.39 Minas 132.30 2.39 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 120.11 1.44 Jet Kerosene 137.26 2.30 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Mar 20 S$ Bid Offer 1-month 1.2606 1.2610 2-months 1.2606 1.2610 3-months 1.2605 1.2608 6-months 1.2597 1.2601 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 26 Mar 19 Mar 19 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2234.50 2219.00 3 months 2275.00 2258.00 Copper, Grade A(US$/tonne) Cash 8601.50 8531.00 3 months 8570.00 8510.00 Lead(US$/tonne) Cash 2083.50 2089.00 3 months 2105.00 2108.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.50 3
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Mar 19 Index Change Change Change Change Change Change World Preliminary 928.9 0.3 11.9 0.3 8.7 0.4 12.2 EAFE Preliminary 765.0 0.0 12.1 0.2 8.8 0.3 12.3 Europe Preliminary 1133.9 -0.1 10.5
      373 words
    • Article
      Lock icon LIFFE
      80 26 Mar 19 COCOA (£/tonne) Close Prev High/Low Mar 12 1477 1461 1480/1448 May 12 1495 1479 1497/1465 Jul 12 1502 1488 1504/1475 Sep 12 1504 1495 1505/1475 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2020 2033 2048/2020 May 12 2024 2040 2050/2010 Jul 12 1997 2002 2012/1983 Sep 12 2006
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      511 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 280 20.00 26 oo Conv Baker Technology Ltd W*****6 3 1 32 13 10.33 8 Exer Price Prem Disc Gearing Expiry Mths Left Asia-Pacific Strategic
      511 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 26 Mar 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.042 6.661 0.796 8.178 52.981 96.619 0.879 11.866 3.236 1.283 95.544 45.357 1.328 7.987 0.961 31.120 32.385 0.664 1.053 Canada 0.960 6.394
      470 words
    • Article
      Lock icon SIBOR
      55 26 Mar 20 IU6SI (SSI i troll Must j iwhi O.ivns i iwtu 0A/]*t miln O.’JJ.tf, tffllhV U4ufta (U117I if mmi Vy%K4* SWAP Olltr ralii (SS) i f full o i mif.' n:mfs3 miiii n*-3&3b 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates (S$) 1
      55 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 Mar 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3273 1.3287 1.0529 1.0538 Canadian dollar 1.2742 1.2754 1.0108 1.0115 Euro 1.6673 1.6679 1.3226 1.3228 NZ dollar 1.0350 1.0357 0.8210 0.8214 Sterling pound 1.9989 1.9998 1.5857 1.5860
      154 words
    • Article
      Lock icon PRECIOUS METALS
      131 26 Mar 20 •30 ID (MOiW-' Mat 19 Mat io UfllMj tVOl'KJ IBMQ laeoa Mar 14 Mar i y LUlUftfll Jfi’v43'J ItiC-v 66 Im*. !tiM < Source: Thomson Reuters cast iiAn M.v 70 Uuy)n<j Wl«lwi rum PUMP SOUJ BARS tt»! SellllWl POVlA'I lorf l*X w JSdin av II lal
      131 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      80 26 Mar 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 21-Jun-12 0.31 1-Year BY*****W 01-Nov-12 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.04 5-Year N*****0Z 2.375 01-Apr-17 108.49 108.6 108.55 3-Month 10-Year
      80 words
    • Article
      Lock icon PALM OIL
      57 26 Mar 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 12 3348.0 3370.0 3370.0 3346.0 352 8002 May 12 3354.0 3368.0 3376.0 3346.0 4302 ***** Jun 12 3352.0 3373.0 3378.0 3346.0 ***** ***** Jul 12 3350.0 3366.0
      57 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Mar 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.361 1.297 Can dollar 1.295 1.246 Euro 1.693 1.628 Sterling pound 2.033 1.955 NZ dollar 1.066 1.016 US dollar 1.275 1.226 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      125 26 Mar 20 UlM i nr 1 .HWl.f.. Mi Mlllllltl'. •nh Ml < uuimm rnt IM Uywirtlrt nr«i» (1 v UH* T w 4jy> $4 Ml i (Wirrth v*i» *<? irpirrtii' y ».n ii|wi|»u M. f. IIIMIllU'i "W f 1 V IMHMlIl'i Ml* 1 1 •iiimiiIk 14 St\\\ •i#
      125 words
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  • Article
    Lock icon The Business Times Shipping times
    3790 27 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO
    3,790 words
  • Page 27 Advertisements
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      47 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The business times Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times
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      700 29 crfi m w S s K /O V > T "< w/j II •I Wednesday 28 March 2012 CitiFX Pro Seminar Series provides an opportunity for exempt and small FX Fund managers to hear from industry experts. Come and join our speakers as they share their views and help you
      700 words
  • executive Money
    • Article, Illustration
      Lock icon Solar power draws big investors
      1316 29  -  Buffett, Google among those attracted by solar firms’ 15% returns, four times those for Treasuries, reports CHRISTOPHER MARTIN reportsCHRISTOPHER reportsCHRISTOPHER MARTIN Bloomberg [NEW YORK] US SOLAR developers are luring cash at record rates from investors ranging from Warren Buffett to Google Inc and KKR Co
      Bloomberg; BLOOMBERG FILE PHOTO  -  1,316 words
    • Article, Illustration
      Lock icon Focusing back on private banking
      835 30  -  Zurich private bank EFG still sees Asia as a priority while restructuring its business due to over-expansion, reports GENEVIEVE CUA reportsGENEVIEVE GENEVIEVE CUA Over-expansion in the last few years has been a bitter pill for Zurich private bank EFG International, but chief executive John Williamson
      YEN MENG JIIN  -  835 words
    • Article
      Lock icon India bonds in favour among Japan investors
      287 30 Bloomberg [TOKYO] Japanese funds are investing the most in India’s bonds in at least three years as strategists predict the rupee will offer the best returns among Asian currencies this year. Asset managers boosted holdings of rupee-denomina-ted debt by 19 per cent to
      Bloomberg  -  287 words
    • Article
      Lock icon Demand for US junk bonds picking up
      961 31 Bloomberg [NEW YORK] For the first time in almost six years, the riskiest of junk bonds are proving the only haven in the US corporate bond market. Firms from Delaware Investments to Morgan Stanley are targeting bonds rated CCC and lower, which have
      Bloomberg  -  961 words
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      Lock icon Fund manager size matters
      532 31  -  Aviva Investors CEO tells GENEVIEVE CUA that overcapacity and lower returns favour big players GENEVIEVE CUA THE fund management industry is grappling with the challenge of overcapacity as the prospect of lower returns for a prolonged period puts pressure on fees, says Aviva Investors chief executive
      532 words
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      42 30 The revamped Lianhe Zaobao will engage like no other Chinese newspaper. More breaking stories, riveting accounts and captivating photos make for a thoroughly compelling read. http://www.facebook.com/zbNOW t 0 z b N Vtf a Cali 6388 3838 to subscribe or go to www.sphsubscription.com.sg
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      Lock icon Page 30 Advertisements Column 2
      54 30 FABULOUSWEDDINGSBRIDES Partners with for an exciting 2-day event showcasing unique venues and themes! March 24-25, 2012, 11am to 6pm Resorts WorldTMSentosa, Equarius HotelTM, level 2 $29 per couple; or $25 per couple (exclusive to Citibank cardmembers) Register now at www.herworldplus.com/weddings and win fabulous prizes! For enquiries, please e-mail maghwbrides_promo@sph.com.sg. Organised
      54 words
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      276 31 World Class Trading Anytime, Anywhere Introducing SaxoTrader For iPhone® and Android EURUSD Trade Market analysis Real-time data charting Trade from your mobile DOO DOG Current price: Price tolerance ***** P M /a ui 3.11 o Spot 1 1 < i: 1 Related Dm ra Android Market 5* THE FIRST FX
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      Lock icon Page 32 Advertisements Column 1
      94 32 Sharper. Bolder. Better. The new Audi A5. Coming soon. When it comes to making a bold impression, nothing cuts sharper. Sweeping lines. Precision styling. Striking LED daytime running lights. An electrically assisted steering system for unsurpassed agility. It’s a work of art that demands your attention. Because the new Audi
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  • Singapore Business Awards
    • Article, Illustration
      Lock icon EXCEPTIONAL BUSINESS PEOPLE
      560 1  -  Felda Chay F‘ LAMING enthusiasm, backed up by horse sense and persistence, is the quality that most frequently makes for success,’ said the late Dale Carnegie, a pioneer of corporate training programmes. And the winners of this year’s Singapore Business Awards (SBA) exude the sort of passion,
      560 words
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      Lock icon A love affair with chocolate
      1450 2  -  Petra Foods CEO John Chuang talks to feldachay about his weakness for chocolate and the various challenges faced by the cocoa industry BUSINESSMAN OF THE YEAR FELDA CHAY PETRA Foods’ John Chuang lives on chocolate, and it’s not just because he depends on the cocoa
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      664 2  -  By FELDA CHAY PETRA Foods was set up in 1984 by John Chuang and his brothers, but the family’s links to the chocolate business go further back to the 1950s. Born in Myanmar, Mr Chuang and his family moved to Indonesia to escape the revolution
      664 words
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      Lock icon Building a ‘living company’
      1544 4  -  ARA Asset Management boss John Lim tells felda chay that what he wants is a firm that can last for generations not one that will fade away after he steps down OUTSTANDING CEO OF THE YEAR FELDA CHAY MOVIE villain Gordon Gekko and his real world
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      756 4  -  By FELDA CHAY FEW people at the age of 45, with mortgages to pay off and a family to feed, would quit a job that pays a stable salary to set up a company, risking everything they own. But support from Hong
      756 words
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      1776 8  -  Cadence Design Systems chief Tan Lip Bu tells MINDY TANhow he turned the firm’s fortunes around and why teamwork is so important OUTSTANDING CEO/SENIOR EXECUTIVE (OVERSEAS) MINDY TAN THE secret to success, to pull a page from Tan Lip Bu’s book, lies in humility, integrity, teamwork,
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      1561 10  -  Mel Elias, president and CEO of CBTL, explains to lynn kan the key ingredients behind the cafe chain’s calibrated expansion strategy ENTERPRISE AWARD LYNN KAN WALK into any Coffee Bean and Tea Leaf, you get a whole lot more than those humble plants
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      3278 12 COMPANIES today are facing a tough working environment, with many facing rising business costs, an uncertain global economic climate and more intense competition. In Singapore, cost concerns have led many firms to plead for help from the government, which is pushing firms to raise productivity
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      614 13 THE rate at which the population is ageing is one of the most significant demographic changes confronting Singapore. The introduction of the Retirement and Re-Employ-ment Act in January 2011 now makes it compulsory for employers to offer re-employment to eligible employees once they reach the retirement age
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      1120 18  -  Data releases in recent weeks have begun to paint a more optimistic picture of the economy, reportsTEH SHI NING reportsTEH TEH SHI NING SOME economy watchers may be preparing to upgrade their forecasts of Singapore’s growth for the year as exports rebound and global
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      1125 20 It is critical to have a different set of capabilities and knowledge when entering foreign markets as they operate differently from Singapore WITH traditional key trading partners mired in a substantial slowdown, a limited domestic market and a more competitive business landscape, Singapore companies, in particular small and
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      841 21  -  It is vital for firms to continue to invest in new technologies, upskill their workforce and support innovation and R&D. By ABHUIT GHOSH FLORENCE LOH Abhijit Ghosh is a tax partner at PwC Services LLP (Singapore), and Florence Loh is senior tax manager at
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      1163 22  -  Companies are using data-driven insights to form strategies, improve performance, and build sustainable advantage. ByTIM PHILLIPPSandVIVEKANAND GOPALKRISHNAN By TIM PHILLIPPS VIVEKAMAND GOPALKRISHMAN Tim Phillipps is global leader, Deloitte Analytics, and Vivekanand Gopalkrishnan is director of research, Deloitte Analytics Institute Asia. GONE are the days
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      1159 26  -  The Center for Creative Leadership says learning agility is change mastery and it is crucial to managing complexity. By SUREISH NATHAN Sureish D Nathan is vice-president, Asia-Pacific at the Center for Creative Leadership (CCL) A GLOBAL research study of top level or C-suite executives conducted by
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      1292 28  -  Franchising is huge and is growing rapidly, but it’s not necessarily the ideal business model for everyone, saysRONALD HEE RONALD HEE FRANCHISING is big business. There are about 15,000 franchise brands across Asia, according to industry expert Albert Kong, chairman and CEO, Asiawide Franchise Consultants.
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      530 29  -  They will each take home a handmade vase made by leading glass artists, Ola and Marie Höglund. ByFELDA CHAY By FELDA CHAY AWARDS ceremonies are incomplete without the trophies that winners take home to commemorate their win. At the Singapore Business Awards (SBA), great care
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      432 29  -  By FELDA CHAY EVERY year, the winner of the Businessman of the Year award returns home not just with a trophy, but a portrait of himself at a career high. And this year is no exception. Artist Siew Hock Meng has been behind portraits
      432 words
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      67 1 CONTENTS: I A love affair with chocolate PAGE 2 I Building a ‘living company’ PAGE 4 I Thriving in a tough environment PAGE 12 I The transformation of the CFO PAGE 23 Supplement Co-ordinator: Felda Chay Sub-editors: Naveen Verghese, Agnes Wee Copy editors: George Joseph, Dexter Lee, Elaine Koh Photographer:
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      134 3 Celebrating Sweet Success BUSINESSMAN OF THE SINGAPORE BUSI 2012 BUSINESS SINGAPORE 2012 S INGAP 2012 BU > SING 1 2012 E > SIN 2012 YHA YEAR ARDS A BUS F w MR JOHN CHUANG CEO of Petra Foods The Board of Directors, MANAGEMENT AND STAFF OF PETRA FOODS CONGRATULATE OUR
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      211 5 SingaporeBusiness Awards 2012 (An Affiliate of Cheung Kong Group) BEIJING TIANJIN DALIAN NANJING SHANGHAI GUANGZHOU HONG KONG h KUALA LUMPUR MALACCA SINGAPORE For the past 10 years, Mr Lim has steered Asia’s premier real estate fund manager to trail-blazing success with his remarkable vision and deep-seated commitment. ARA Asset Management
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      158 6/7 Singapore BusinessAwards 2012 We raise a toast to Mr John Urn Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards For the past 10 years, Mr Urn has steered Asia’s premier real estate fund manager to trail-blazing success with his remarkable
      158 words
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      183 9 Lip-Bu Tan, President and CEO Congratulations to Lip-Bu Tan President and CEO, Cadence Design Systems, Inc. Honored with a Singapore Business Award As President and CEO of Cadence, Lip-Bu Tan championed a new high-level vision for the electronic design automation industry called EDA360. Together with the talented Cadence team, he
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      105 11 SingaporeBusinessAwards 2012 CongratuCations a 1963 on being awarded 'Enterprise JAwarcC PREMIUM COFFEES AND TEAS CAREFULLY NURTURED FROM SEED TO CUP Ml oeli '/jl c offeebea Best Wishes From Your Partners And Friends: CQ ip CQ c? CQ P o ID A N G L I S S SINGAPORE AsiaMalls Bigbloom
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      71 13 Congratulations to Lip-Bu Tan President and CEO, Cadence Design Systems, Inc. on receiving the Outstanding CEO (Overseas) Award Lip-Bu on this well-deserved recognition. Congratulations Lip-Bu on this well-deserved recognition. Your insight and enthusiasm about the global electronics industry help drive the success of companies around the world, including Creative. Best
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      138 13 Congratulations to Lip-Bu Tan President and CEO, Cadence Design Systems, Inc. on receiving the Outstanding CEO (Overseas) Award on receiving the I’ve had the privilege of knowing and working with Lip-Bu for many years. He has earned my trust and respect through his dedication and commitment to ensuring that the
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      79 14 Heartiest COSIGRATU LOTIONS! K t k. 'M m I ■if tff n~r •.V MR JOHN CHUANG CEO of Petra Foods to Mr John Chuang, FOR BEING NAMED THE BUSINESSMAN OF THE YEAR AT the Singapore business Awards 2012. Thank you for your support over the years. SingaporeBusinessAwards 2012 H LIMITED
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      81 15 Heartiest COSIGRATU LOTIONS! li m £3 1 SI i n\ A E > Qy J\ vv i r to Mr John Chuang, FOR BEING NAMED THE BUSINESSMAN OF THE YEAR AT the Singapore business Awards 2012. Thank you for your support over the years. SingaporeBusinessAwards 2012 From Your Agency Brand
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      46 16/17 2004 Listed on the Mainboard of the Singapore Stock Exchange in November 2005 Acquired well-established distribution networks Sime Darby Marketing Sdn Bhd and Petra Sime Marketing in Malaysia and Singapore respectively S i gn ifi c a n t M ile s t on e s
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      52 18 SingaporeBusinessAwards 2012 (An Affiliate of Cheung Kong Group) Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager r Best Wishes
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      46 18 SingaporeBusinessAwards 2012 m Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager Best Wishes from: HSBC^
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      654 19 SingaporeBusinessAwards 2012 Congratulations BUSINESSMAN OF THE YEAR 2011 OUTSTANDING CHIEF EXECUTIVE OF THE YEAR 2011 THE ENTERPRISE AWARD 2011 OUTSTANDING ceo/sENIOR EXECUTIVE (OVERSEAS) OF THE YEAR 2011 For his entrepreneurial spirit and far-sightedness in transforming Petra Foods Ltd into a world-class manufacturer and supplier of cocoa ingredients, with a global
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      50 20 SingaporeBusesh Awards 2012 Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager ■s is Best Wishes from I Since 1946
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      47 20 SingaporeBusinessAwards 2012 Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager m Best Wishes from: WONG PARTNERSHIP
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      49 21 SingaporeBusinessAwards 2012 Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager f r Best Wishes from Agency Licence.: L*****63
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      153 21 SingaporeBusinessAwards 2012 (An Affiliate of Cheung Kong Group) Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager f 1 Best
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      53 22 SingaporeBusinessAwards 2012 (An Affiliate of Cheung Kong Group) Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager r Best Wishes
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      56 22 (An Affiliate of Cheung Kong Group) Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager i Best Wishes from: /\.Financial
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      68 23 SingaporeBusinessAwards 2012 Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager Best Wishes from: A f A Jones Lang LaSalle'
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      197 23 SMGAPOREBUSINESSAWARDS 2012 Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager r Best Wishes from About CWT Group CWT is
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      57 24 SingaporeBusinessAwards 2012 (An Affiliate of Cheung Kong Group) Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager r Best Wishes
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      66 24 SingaporeBusinessAwards 2012 (An Affiliate of Cheung Kong Group) Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager Best Wishes from:
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      55 25 SingaporeBusinessAwards 2012 (An Affiliate of Cheung Kong Group) Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager r Best Wishes
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      79 25 This article was taken from INSEAD Knowledge, http://knowledge.insead.edu SingaporeBusinessAwards 2012 (An Affiliate of Cheung Kong Group) Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s
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      55 26 SingaporeBusinessAwards 2012 (An Affiliate of Cheung Kong Group) Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager r Best Wishes
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      45 26 SingaporeBusinessAwards 2012 m Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager Best Wishes from:
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      54 27 SingaporeBusinessAwards 2012 (An Affiliate of Cheung Kong Group) Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager r Best Wishes
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      46 27 SMGAPOREBUSINESSAWARDS 2012 Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager Best Wishes from Colliers INTERNATIONAL
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      64 28 SingaporeBusinessAwards 2012 (An Affiliate of Cheung Kong Group) Our heartfelt congratulations to our Independent Director, Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager
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      50 28 (An Affiliate of Cheung Kong Group) Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager Best Wishes from; Credit Suisse
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      75 29 SingaporeBusinessAwards 2012 (An Affiliate of Cheung Kong Group) Our heartfelt congratulations to Mr John Lim Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager r Best Wishes
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      46 29 SMGAPOREBUSINESSAWARDS 2012 r Our heartfelt congratulations to Mr John Urn Group CEO, ARA Asset Management Limited on winning the distinguished Outstanding CEO of the Year Singapore Business Awards We salute his 10 inspiring years of leading Asia’s premier real estate fund manager Best Wishes from Aedas
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