The Business Times, 30 April 2012

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Total Pages: 30
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Monday, April 30, 2012
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  • 1022 1  -  More direct measures may have to be used to rein in price pressures By EMILYN YAP [SINGAPORE] Singapore may be fighting inflation by tightening monetary policy, but the outcome of this isn’t so straightforward. What this means is that policy makers may have to resort
    FILE PHOTO  -  1,022 words
  • 921 1  -  Redas supports ‘fair and transparent practices’ by property developers By FELDA CHAY [SINGAPORE] Several developers are reimbursing the hefty additional buyer’s stamp duty (ABSD) imposed by the government late last year to cool the residential property market in a bid to move sales in selected projects.
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 2,981.58 -12.90 KL COMP 1,567.80 -24.05 NIKKEI 225 9,520.89 -40.47 HANG SENG 20,741.45 -269.19 SET INDEX 1,211.78 +17.18 JAKARTA COMP 4,163.98 -17.39 MANILA COMP 5,169.05 +12.59 SEOUL COMP 1,975.35 +0.70 SHENZHEN B 671.24 +17.56 MUMBAI IND 17,187.34 -186.50 DOW 13,228.31 +199.05 NASDAQ 3,069.20 +68.75 S&P
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    • 21 1 BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
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    • 18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 0.50 TAIWAN 5.035 JAPAN 1.475 KOREA Source: Bloomberg
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    • 49 1 us$ s$ US$ (S$ per US$) 1.242 (US$/S$ per 1.619 2.011 EURO (US$/S$/E) 1.319 1.637 Foreign currency per US$ S$ YEN 80.70 65.00 RM 3.051 2.457 HK$ 7.759 6.249 BAHT 30.85 24.85 RUPIAH 9,193 7,403 RENMINBI 6.308 5.080 INDIAN RUPEE 52.63 42.39 A$ 0.963 0.775 NZ$ 1.229 0.990
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  • Page 1 Advertisements
    • 56 1 DINING OUT Far from absolute freshness PAGE 21 YOUNG INVESTORS’ FORUM Fundamental analysis and the fun part PAGE 14 BizIT Being FB-like key to Swiss firm’s success PAGE 30 VIEWS FROM THE TOP Transforming our workforce pages 12-13 Govt keeping close watch on inflation: Tharman, Page 2 i THE HOURGLASS
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    • 3 1 8 *****1 *****4
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  • TOP STORIES
    • 562 2  -  Most citizens not affected as much as CPI suggests Reports by LEE U-WEN [SINGAPORE] The government is keeping a close watch on inflation, but its impact on most Singaporeans is not as severe as the consumer price index (CPI) indicates. This was the
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    • 352 2 [SINGAPORE] The labour movement is more than tripling the size of its Inclusive Growth Programme (IGP) to $100 million in a major effort to help more low-wage workers earn higher wages by boosting their productivity. This was announced by Deputy Prime Minister and Finance
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    • 877 2  -  Rally expected from a housing recovery yet to materialise WALL STREET INSIGHT By ROB CURRAN A PROPERTY market recovery was supposed to be the missing piece of the puzzle for economic and stock market growth but now that it is in place, the rest
      BLOOMBERG  -  877 words
    • THREE-MINUTE DIGEST
      • 51 2 SEVERAL developers are reimbursing the hefty additional buyer’s stamp duty imposed by the government late last year to cool the residential property market in a bid to move sales at selected projects. And the practice has drawn the attention of regulators and raised the possibility of
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      • 46 2 SINGAPORE may be fighting inflation by tightening monetary policy, but the outcome of this may not be so straightforward. A strong Singapore dollar, together with ultra-low interest rates in the US, could draw more funds here in search of better returns.
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      • 47 2 THE government is keeping a close watch on inflation, but its impact on most Singaporeans is not as severe as the consumer price index indicates. This was the assurance given by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam yesterday.
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      • 39 2 THE labour movement is more than tripling the size of its Inclusive Growth Programme to $100 million in a major effort to help more low-wage workers earn higher wages by boosting their productivity.
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      • 55 2 THE already complex politics of free trade in Asia took a step forward at the weekend when economic ministers from Japan and the Asean resolved to launch negotiations by the end of this year if possible on an Asia-wide free trade agreement involving
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      • 51 2 THE widening of the daily trading band for the renminbi is read by the market as a further step towards the Chinese currency’s eventual liberalisation. But it also raises the question of whether greater room for deviation from the official rate will bring about
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      • 56 2 APPLE has avoided millions of dollars in taxes in California and 20 other states. It has created subsidiaries in low-tax countries like Ireland, the Netherlands, Luxembourg and the British Virgin Islands some little more than a letterbox or an anonymous office that help cut the
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      • 32 2 INDIA’S economic star is fading fast as a spluttering economy and reform paralysis put the country’s prized investment grade rating at risk and spook foreign investors.
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      • 62 2 CRISIS-HIT Greece heads for an electoral cliffhanger on May 6 after two years of tough austerity that have shaken the country to its core. The brief and bitter campaign leading into next Sunday’s ballot has further blurred predictions and thrown Greece’s mainstream
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    • 511 2  -  Transit hub to house 80% of KL suburban supply: CBRE M’sia By in PAULINE NG in Kuala Lumpur THE transit hub of KL Sentral is expected to see a boom in commercial space this year, when three million square feet or
      511 words
    • 723 4  -  Proposed RCEP envisages grouping up to 16 countries eventually, with a population of 3 billion people By ANTHONY ROWLEY THE already complex politics of free trade in Asia took a step forward at the weekend when economic ministers from Japan and members of
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    • 924 4  -  Widening of band seen as another step to liberalise currency By L K SHIU L KShiu is a part-time lecturer at Chinese University and a public affairs consultant. He worked as an administrative officer in the Hong Kong government [HONG KONG] The daily trading
      BLOOMBERG  -  924 words
    • 1261 4 Its Asian expansion plan is also winning over lenders Bloomberg [PARIS] Formula One chief executive Bernie Ecclestone led an analyst presentation in London’s Savoy Hotel ahead of the company’s planned initial public offering in Singapore, The Sunday Telegraph said, without citing anyone. The
      Bloomberg; FILE PHOTO  -  1,261 words
  • Page 2 Advertisements
    • 46 2 GROUP TOUR SPECIALIST Retreats Meetings Team Building Incentive Tours Taylormade Golf Trips East West Malaysia Hong Kong Indonesia Thailand Vietnam Cambodia Macau China We are looking forward to get a challenging assignment from you Luxury Tours Travel Pte Ltd mice@luxury.com.sg s www.luxury.com.sg 3 Tel: 6309 0850
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    • 12 2 FRONT PAGE FRONT PAGE TOP STORIES, PAGE 2 TOP STORIES, PAGE 2
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    • 18 2 TOP STORIES, PAGE 4 TOP STORIES, PAGE 4 FOCUS, PAGE 15 CHINA/INDIA, PAGE 17 WORLD NEWS, PAGE 18
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  • Page 3 Advertisements
    • 109 3 (Z}i_exi_i£3 The Pursuit Of Perfection 4 GS i u Y THE ALL NEW LEXUS GS EXCEEDING EXPECTATIONS After more than a million kilometres of test-driving, the rules of luxury are about to change. The all new Lexus GS is not just another car. It is another standard. With the new
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  • Page 5 Advertisements
    • 105 5 wet -V f-.-r-V -t.' .t *W! aM$Z2* 5* 0^ ax 2KS r 6^ K3551 *im TLA-ta-SB rtl SES5 .4S ii. ■a* "I sf i sss r St-*-* as d8W v* k <* 5 □J Si INTERNATIONAL PROPERTY AWARDS ASIA PACIFIC AWARD WINNER 2012-2013 Asia Pacific Property Awards 2012-2013 5 star
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  • SINGAPORE MARKETS
    • 598 6  -  STOCKS R SIVANITHY Senior Correspondent LAST Monday’s column forecast that penny stock churning would continue in full force and this was indeed the case thanks to record inflows of speculative liquidity, lowpriced stocks continued to beat a path of their own, divorced almost
      598 words
    • 582 6 CURRENCIES Bloomberg [NEW YORK] The Japanese yen last week gained against the US dollar, headed for its biggest monthly rally since July, as investors speculated that the Federal Reserve won’t be quick to abandon efforts to support the US
      Bloomberg  -  582 words
    • 562 6 COMMODITIES AFP [LONDON] Commodity prices diverged last week as traders weighed up weak global growth data, escalating eurozone debt fears and the latest outlook by the US Federal Reserve. Trading was volatile on Friday as official data revealed a sharp slowdown in US gross
      AFP  -  562 words
    • 1478 6 Source: Thomson Reuters Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 2 10.00 12.05 1.42 1.21 Amtek Engg 2.20 2.40 5 0.07 8.12 0.89 0.69 ARA Asset Mgt
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    • 4 6 WEEKLY
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    • 64 6 Apr 27 VALUE CLOSE BT OB/OS -419.00-252.00 BT CADI -*****.00-189.00 BT 10-day MA -*****.00 -42.00 FTSE ST Mid Cap 682.56 -1.68 FTSE ST Small Cap 457.09 -4.30 FTSE ST All Share 720.23 -0.60 FTSE ST China Top 215.64 -1.04 FTSE ST China 249.54 -1.39 FTSE ST Catalist
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    • 57 6 VOLUME JEL Corp 2,889,880,000 TT Intl 953,561,000 HLH Grp 917,855,000 SingXpress 744,114,000 Xpress 716,665,000 AdvanceSCT 707,226,000 IPCO Intl 689,996,000 UniFiber 651,043,000 Informatics 648,139,000 MDR 594,937,000 VALUE($) DBS Grp 321,086,475 JEL Corp 284,346,622 SingTel 252,606,098 Keppel Corp 222,373,300 Noble Grp 216,473,000 Genting SP 176,203,825 UOB 173,797,650 Golden Agri
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    • 107 6 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ ***** 623.3 1.8 DBXT iBoxxUSTr 5US$ ***** 207.4 0.8 GLD 10US$ ***** 163.9 0.8 DBXT AUD Bonds 5AU$ ***** 108.3 0.5 DBXT STGLDv100 10US$ 2773 90.6 2.7 DBXT MSKorea 10US$ 5821 89.4 1.3 DBXT FTVietnam 10US$ 2642 83.2 2.6 UOB 1900 51.0
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    • 127 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -250.8 -2.0 JMH 4975 -99.3 -1.6 DBXT MSEurope 10US$ 4263 -70.8 -1.3 Lyxor India Nifty 10 1235 -70.0 -5.4 DBXT E50 10US$ 3460 -65.8 -1.5 DBXT S&P Short 10US$ 3701 -57.1 -1.2 Lyxor MS India 10US$ 1262 -55.9 -3.4 DBXT MSJAP
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    • 5 6 WEEKLY
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    • 1605 8  -  TEH HOOI LING Senior Correspondent MARKETS have been rather resilient this year despite expectations of a more risk-off stance by investors going into the second quarter. For the week, the Dow Jones Industrial Average added 1.53 per cent to end at 13,228.31, and
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  • COMPANY NEWS
    • 682 7  -  HOCK LOCK SIEW By SIOW LI SEN IT WAS hardly surprising that DBS CEO Piyush Gupta could not resist puffing up a little last Friday when he described how DBS, which just two years ago was losing market share, has had a turnaround.
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    • 568 7 Reuters [SINGAPORE] Keppel Corp Ltd, the world’s biggest rig-builder, expects tighter global marine fuel emission standards to force some shipowners to convert their vessels to run on less polluting natural gas, chief executive Choo Chiau Beng said last week. A shift from
      Reuters; FILE PHOTO  -  568 words
    • 1868 9  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited BUYING rose while selling activity among directors was flat for the seventh straight week, based on stock exchange filings in the fourth week of April. A total of 13 companies recorded
      Source: Asia Insider Ltd  -  1,868 words
    • 2440 9 Payment Ex Books Pay Ann (cts) date close date date 8Telecom Intl bn 0.053 30-Apr 03-May 21-May 05-Apr ABR Hldgs ak 1.000 04-May 08-May 28-May 13-Apr Action Asia ak 0.800 14-Jun 18-Jun 28-Jun 28-Mar Adampak Ltd ak 1.000 08-May 10-May 25-May 01-Mar Adv Integrated Mft ak 0.180 07-May
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    • 381 9 COMPANY MEETING PLACE DATE TIME EMS Energy A 1 Robinson Rd #18-00 AIA Tower Singapore *****2 28-Apr 9.00am Serial Sys A E 8 Ubi View #05-01 Serial System Building 10.30am Singapore *****4 28-Apr 11.00am H Grand Central A Hotel Grand Central Building, 22 Cavenagh Road, Singapore *****7 30-Apr
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    • 291 9 Apr 27 BANKS Agricultural Bank Of China 5.5 Agricultural Bank Of China 5.5 Banco Bilbao Vizcaya 6 Arab Bank PLC Bank Julius Baer Co. Ltd(S) 5 Banco Bilbao Vizcaya Bank of China Limited 5.5 Bank of Communications 5.5 6 Bank Julius Baer Co. Ltd(S)... Bank of New
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  • Page 7 Advertisements
    • 116 7 Finance new opportunities That’s what commercial lenders can do when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world come to us to manage virtually every kind
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  • Page 9 Advertisements
    • 140 9 Address: 69 Cavenagh Road “Cavenagh Gardens” Private site: 128,256 square feet. State land: 18,848 square feet. Freehold. High-end residential. Baseline: 3.238. Plot ratio 2.1. Potential GFA: 308,920 square feet. 5-minutes walk to Orchard Road Somerset MRT Dhoby Ghaut MRT. Easy-access to GTE Marina Bay integrated resorts. Potential for SOHO, high-end
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  • SINGAPORE NEWS
    • 102 10 MAYBANK Singapore celebrated the launch of its Manchester United Platinum Visa card on Saturday along with 100 lucky cardmembers at the Intercontinental Hotel. Also present were former Manchester United defenders Denis Irwin and Paul Parker, who were in town as part of the Barclays Premier
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    • 426 10  -  It could also be a good platform for franchisers to tap into the region By JOSHUA TAN SINGAPORE is well suited to attract global franchises, and needs to look at franchises in more sectors than food and beverages (F&B) which have traditionally dominated
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    • 315 10  -  By EVE YEO EMPLOYEES in Singapore are more motivated than their counterparts in neighbouring Asian countries, according to a survey done by soft-skills training company. In the survey which measured how motivated employees were, 59 per cent of employees in Singapore regarded themselves
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  • Page 10 Advertisements
    • 116 10 Want to Shine at ChildAid? BIGGER, BETTER BRIGHTER BE PART OF SINGAPORE’S BIGGEST CHILDREN’S CHARITY CONCERT. JUST LIKE THESE YOUNG TALENTS, YOU CAN SPREAD THE JOY OF GIVING AND HELP THE LESS FORTUNATE SIMPLY BY UNVEILING YOUR TALENT. EMAIL A VIDEO OF YOUR PERFORMANCE WITH YOUR NAME, AGE, CONTACT AND
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    • 12 10 CA TS Recruit The first door to your world of opportunities CLA/AUG06/g
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  • Page 11 Advertisements
    • 351 11 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF LIM HUP CHOON (SINGAPORE) PRIVATE LIMITED Co. Reg. No. *****2349H NOTICE OF SPECIAL RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP (pursuant to Section 290) At an extraordinary general meeting of
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    • 1186 11 1st SEE HUP SENG LIMITED (UEN Number *****2208Z) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of the members of See Hup Seng Limited (the “Company”) will be held at 9 a.m. on 15 May 2012 at
      1,186 words
    • 1248 11 NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR DISTRIBUTION For the period from 1 October 2011 to 31 March 2012 a-ilTusI-ascendas India trust ASCENDAS INDIA TRUST (Registration Number: *****04) (a business trust registered under the Business Trusts Act, Chapter 31A of Singapore) To: Unitholders of Ascendas India Trust Dear Sir
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  • VIEWS FROM THE TOP
    • 3218 12 THIS WEEK’S TOPIC How have Singapore's workers progressed in the almost five decades since Independence? What are the major challenges they now face, and what needs to be done to address these challenges? Pollie Sim Chief Executive Officer Maybank Singapore SINGAPORE’S workers have benefited greatly from the
      BLOOMBERG  -  3,218 words

  • Page 13 Advertisements
    • 83 13 A full list of views from CEOs is available at http://businesstimes.com.sg The SME Magazine Now bigger and coming to you with your copy of The Business Times on 2 May! AND SUBSEQUENTLY ON EVERY FIRST WEDNESDAY OF ALTERNATE MONTHS In this issue: copy of The Business Times on 2 May!
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 957 14  -  While ‘mall research’ can help, it can’t replace a detailed analysis of a company to determine the intrinsic value of its stock, a don tells MINDY TAN MINDY TAN TO what extent would you discount someone who claims to do his stockmarket research at
      ILLUSTRATION BY LUDWIG ILIO  -  957 words
    • 945 14 STARTING YOUNG ON the hunt for a photo booth service for his junior college class’s 10th-year reunion party last year, professional photographer Yam Fusheng found none in the market up to scratch. So he picked up his camera and decided to
      YEN MENG JIIN  -  945 words
  • Page 14 Advertisements
    • 162 14 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • FOCUS: APPLE INC
    • 2431 15 The company’s tactics in using tax havens expose how ill-suited the tax laws in various countries are to today’s digital economy NYT [RENO, Nevada] APPLE, the world’s most profitable technology company, doesn’t design iPhones here. It doesn’t run AppleCare customer service from this city. nd
      NYT; REUTERS  -  2,431 words
    • 525 15 But it could be complicated by EPIX’s deal with Netflix Reuters [LOS ANGELES] Apple Inc is in talks to stream films owned by EPIX, which is backed by three major movie studios, on devices including a long-anticipated TV, according to two
      Reuters; AFP  -  525 words

  • MALAYSIA
    • 884 16  -  Police’s forceful handling of protesters and lack of restraint shock many MALAYSIA INSIGHT PAULINE NG KL Correspondent THE finger-pointing over who is to blame for the fracas that Saturday’s election reform sit-down rally descended into, where more than 400 people were arrested and
      AFP  -  884 words
    • 455 16 Tycoon Ananda Krishnan opts not to sell his holdings Reuters [KUALA LUMPUR] Malaysian offshore oilfield services firm Bumi Armada’s block sale of shares has been slashed in size as investors balked at the offering and tycoon Ananda Krishnan opted not to sell his
      Reuters  -  455 words
    • 1695 16 VOL Apr 27 RM +/-(‘000) A M Realty 0.44 unch 0 VOL Advance Synerg 0.18 -0.01 2232 Adventa Bhd 1.44 -0.03 36 Ae Multi Hldgs 0.25 unch 158 Affin Holdings 3.05 -0.03 78 Ahmad Zaki Res 0.83 0.02 123 Abric Bhd Airasia Bhd 3.37 -0.01 2067 Alliance Finan
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  • Page 16 Advertisements
    • 139 16 Tap On A World Of Opportunities In Singapore's MICE Market TA the business times setravellers.cjrn t J tne ultimate travel resource du SPH Find out how your company can benefit from MICE updates and trends in corporate travel, exclusively in the “MICE Corporate Travel” 12-page supplement, The Business Times, Friday,
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  • GREATER CHINA/INDIA
    • 646 17 Slowing economy, reform paralysis put investment grade rating at risk AFP [NEW DELHI] India’s economic star is fading fast as a spluttering economy and reform paralysis put the country’s prized investment grade rating at risk and spook foreign investors. The latest bad news came
      AFP  -  646 words
    • 632 17 Reuters [TAIPEI] Profit at Taiwanese contract maker Hon Hai Precision Industry’s grew less than expected in the first quarter, but the main maker of Apple Inc gadgets, whose plants have come under intense scrutiny over working conditions, was in party mood last
      Reuters; REUTERS  -  632 words
    • 814 17 India makes up less than 1% of firm’s global turnover AFP [NEW DELHI] Stephen Twining, the 10th-genera-tion descendant of the Twinings tea-making family, is an unimpeachable brand ambassador. It is early afternoon and he is already on his 12th cup of
      AFP  -  814 words
    • 343 17 AFP [NEW DELHI] A former top leader of India’s main opposition Hindu nationalist party was jailed for four years for accepting a bribe in a fake arms deal that was a media sting operation. Bangaru Laxman, former president of the
      AFP  -  343 words
    • 632 17 Move follows the finding of 3 new oil fields in Bohai Sea Bloomberg [HONG KONG] Cnooc Ltd cut its borrowing costs by half a percentage point in the largest sale of dollardenominated bonds by a Chinese company in more than a year after the
      Bloomberg  -  632 words

  • WORLD
    • 798 18 Political field is fragmented amid opposition to EUIMF recovery plan AFP [ATHENS] Crisis-hit Greece heads for an electoral cliffhanger on May 6 after two years of tough austerity that have shaken the country to its core. The brief and bitter
      AFP; REUTERS  -  798 words
    • 589 18 AFP [WASHINGTON] The United States is embarking on two weeks of intense diplomacy on Asia as it seeks to rekindle friendly ties with Japan and India while managing an often fractious relationship with China. President Barack Obama’s administration has repeatedly said
      AFP  -  589 words
    • 528 18 Analyst estimates vary as Samsung doesn’t offer a clue AP [NEW YORK] Smartphones are the hottest gadgets in the world. But who’s the biggest smartphone maker? We don’t really know. Samsung, Apple’s chief competitor, gives only vague indications of how many it makes,
      AP  -  528 words
    • 524 18 Reuters [YANGON] European firms seeking to invest in Myanmar are unlikely to rush into business deals until more concrete reforms are put in place, despite a suspension of economic sanctions by the European Union, its foreign policy chief Catherine Ashton said on Saturday. The EU
      Reuters; REUTERS  -  524 words
    • 579 18 NYT [SCHWABISCH HALL, Germany] While much of southern Europe is struggling with soaring unemployment rates, a robust Germany is desperate for educated workers, and it has begun to look south for the solution. In the last 18 months, it has
      NYT  -  579 words
    • 834 19 But reforms could prove controversial and may be blocked by vested interests Reuters [DUBAI] Islamic finance may face its biggest shakeup in years as a top stand-ard-setting body seeks to reform the way the industry does business, including the role of highly
      Reuters  -  834 words
    • 647 19 Reuters [YANGON] United Nations (UN) Secretary-General Ban Ki-moon made a landmark visit to a fast-chang-ing Myanmar yesterday to encourage its government to carry out more democratic reforms and shore up peace deals with ethnic rebel groups. Mr Ban’s trip was his first since
      Reuters; REUTERS  -  647 words
    • 562 19 AP [BERLIN] Pirates are capturing Germany’s political system. The party with the outlaw name started as a marginal club of computer nerds and hackers demanding online freedom, but its appeal as an anti-establishment movement has lured many young voters to the ballot
      AP; AFP  -  562 words
    • 430 19 Bloomberg [WASHINGTON] US Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner have no plans to cancel their trip to China, according to a State Department official who spoke on condition of anonymity, amid reports that the US is protecting a fugitive Chinese
      Bloomberg  -  430 words
    • 487 19 Team of top lawyers coached father and son before hearing Reuters [LONDON] Rupert Murdoch is famous for not taking advice, but even the world’s most powerful media mogul had to submit to days of preparation by top lawyers before testifying to a
      Reuters  -  487 words


  • AVIATION/SHIPPING
    • 648 20 Carrier will take delivery of the South Carolina-built planes at mid-year Bloomberg [NEW YORK] Boeing Co will ship all four 787 compo-site-plastic Dreamliners assembled this year in its new South Carolina plant to Air India Ltd, the carrier that demanded US$1 billion
      Bloomberg; AFP  -  648 words
    • 560 20 Reuters [WASHINGTON] The US risks losing its current competitive edge in the unmanned aircraft market unless Washington acts soon to ease tough restrictions on their export for commercial use, the chief executive of Northrop Grumman Corp said. Wes Bush, chairman and chief
      Reuters; REUTERS  -  560 words
    • 595 20 It plans to order 100 planes after selling a stake to San Miguel Bloomberg [MANILA] Philippine Airlines Inc plans to order at least 100 new planes, resume flights to Europe and bolster US services after selling a stake to San Miguel Corp. The
      Bloomberg  -  595 words
    • 333 20 Bloomberg [LONDON] The Baltic Dry Index, a measure of commodity freight costs, rose for a 13th session as charter rates for some ships trading within the Atlantic Ocean region reached this year’s high. The index gained 0.7 per cent to 1,156,
      Bloomberg  -  333 words
    • 254 20 SGX '000 Apr 27 S$ +/-Vol CH Offshore 0.46 unch 1511 Chuan Hup Hldg 0.24 unch 282 Cosco Corp 1.07 unch 4573 s$ First Ship Lea 0.20 unch 928 Freight Links 0.06 unch 2853 Grand BanksD unch unch 0 Jaya Hold Ltd 0.55 unch 531 K1Ventures 0.10 unch
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  • Page 20 Miscellaneous
    • 331 20 CRYPTIC CROSSWORD Across 7 A bid for change queen finally made to give up (8) 9 Send abroad somebody skilful, with love for English (6) 10 One day accepting church is cold (4) 11 Ladies with day left in struggle for illumination (10) 12 Single youth backed by brother of
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  • DINING OUT
    • 801 21  -  By Jaime Ee NEW RESTAURANT Le Petit Cancale 37 Duxton Hill Tel: 6534-7671 TRY as one might, one can’t quite understand the appeal of a seafood platter. Oysters, sure, since they’re still alive relatively when they’re shucked. Sashimi platter? Absolutely. But cold boiled prawns, crabs, clams
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  • Page 21 Advertisements
    • 277 21 reflections Asian leaders speak their minds Aspire to inspire Our Asian leaders are speaking to you! Find out more in Reflections a thoughtfully compiled series of interviews by China Daily Asia Weekly newspapers. ONLY $15 Available at all major bookstores islandwide: Hudsons News (Airport) Harris Kinokuniya MPH Popular Times Bookstore
      277 words
    • 27 21 Pm NO), > I 9l3f rwac TOOL’S BIST 3FM OR LOC ONTO WWW-RA0IO9l3.COM for more DETAILS. ■fim 1S£ IN TUNE U:.'* 91.31m MR S BtSl raW bonk mowc
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    • 14 21 MAY ISSUE OUT NOW! $38,000 worth of spa treats up for grabs! ONLY $4.20
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  • SINGAPORE STOCKS
    • 3322 22 Week ended: Apr 27 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 88 51 ABR Hldgs 81cd +1 1438 81 78 80 81.5 3.1 2.5 13 162.7 Last Quote Div GrYld
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    • 227 23 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Low Company Last Sale Vol ('000) Week Last Quote Div Gr Yld High Low Buyer Seller C'vr Net P/E M Cap Smil 34 12.1
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    • 264 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 51 31.5 AVJennings A32 -1 17 36.5 31.5 33.5 37 3.6 10.9 2.6 83.3 46 25.5 Genting HK US$ US37.5 -1 ***** 38.5 37 37 37.5 2469.2
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    • 115 23 Stock name Close Change CapMallsAsia 1.535 -0.020 CapitaLand 2.940 -0.020 CapitaMall 1.820 -0.020 CityDev 10.280 -0.170 ComfortDelGro 1.540 +0.015 DBS Grp 14.000 +0.280 F&N 7.060 GLP 2.080 -0.020 Genting SP 1.730 +0.005 Golden Agri 0.750 +0.005 Stock name Close Change HK Land 6.130 -0.090 JMH 49.750
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    • 2220 23 Transaction date: Apr 27 HONG KONG Vol HK$ +/-'000 Aeon Stores 23.00 unch 10 Angang Steel 5.30 -0.06 4716 Anhui Conch 25.90 0.05 6907 Anhuiexpresswa 4.40 0.03 622 Asia Satellite 22.25 0.45 162 Asm Pacific 103.30 -1.10 844 Bank Of E Asia 28.30 -0.40 1533 Beida Jade Bir
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    • 186 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 12 2 0 0 0 3 12 2 Manufacturing 68 105 29 8 19 8 76 124 37 Commerce 23 47 10 6 7 3 29 54 13 Tpt/Stor/Comms 17 25 3
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    • 1031 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 111.5 ABF SG Bond ETF 118.3 +0.3 12 118.3 118 118.3 118.5 540 103 100 CIMB APAC Div 100US$ US102.5 +1.5 5 102.5 102.5 101.9
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    • 123 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 99,837 99,837 333,841 333,841 Manufacturing 2,570,625 1,921,067 4,491,692 847,682 48,978 896,660 Commerce 6,058,982 669,048 6,728,030 970,642 35,938 1,006,580 Tpt/Stor/Comms 623,238 76,468 699,706 580,571 24,668 605,239 Finance 135,784 229 136,013 657,828 41 657,869 Construction 2,425,396 434,532
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  • Page 23 Advertisements
    • 26 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. The Business Times
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  • FINANCE & COMMODITIES
    • 592 24 Apr 27 Source: SGX OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9564.40 9691.70 9463.60 Jun12 9555.00 9700.00 9465.00 9475.00 ***** *****8 Sep12 9565.00 9675.00 9485.00 9470.00 52 7915 MSCI TAIWAN INDEX FUTURES SPOT 270.10 273.64 267.64 Apr12 269.90 273.30 268.00 268.21 ***** ***** May12
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    • 373 24 In local curr In S$ In US$ dy yr dy yr dy yr Apr 27 Index Change Change Change Change Change Change World Preliminary 903.6 0.2 8.9 0.1 4.8 0.3 9.7 EAFE Preliminary 724.9 0.2 6.3 0.3 2.9 0.5 7.7 Europe Preliminary 1071.2 0.7 4.4
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    • 114 24 As on 27 April 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1667.50 1651.50 1665.00 213 CURRENCY AUD-USD FUT JUN2012 1.0419 1.0323 1.0413 1132 EUR-USD FUT JUN2012 1.3271 1.3161 1.3262 2530 BASE METAL COPPER FUT MAY2012 8408
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    • 107 24 Apr 27 Source: Bloomberg SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1496.75 1481.25 1509.00 1483.25 Jul 12 1493.50 1480.25 1506.75 1481.50 Aug 12 1466.75 1453.25 1477.75 1455.00 Sep 12 1410.00 1402.25 1422.50 1401.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May
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    • 76 24 CRUDE OIL PRODUCTS Apr 26 Source: Thomson Reuters CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 119.87 1.76 WTI (Near Mth) 104.57 0.53 Dubai (1-Mth F) 115.95 0.57 Tapis blend 125.66 0.84 Minas 125.66 0.84 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 111.67 -0.11 Jet Kerosene 132.80 0.37
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    • 23 24 Apr 27 S$ S$ Bid Offer 1-month 1.2415 1.2418 2-months 1.2415 1.2417 3-months 1.2412 1.2415 6-months 1.2400 1.2403 Source: OCBC
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    • 67 24 Apr 27 Apr 27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2069.50 2046.50 3 months 2108.00 2086.00 Copper, Grade A(US$/tonne) Cash 8564.00 8454.00 3 months 8415.00 8320.00 Lead(US$/tonne) Cash 2139.75 2115.00 3 months 2140.00 2122.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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    • 80 24 Apr 27 COCOA (£/tonne) Close Prev High/Low May 12 1515 1498 1520/1486 Jul 12 1531 1508 1537/1499 Sep 12 1519 1496 1524/1486 Dec 12 1505 1486 1507/1472 COFFEE(US$/tonne) Close Prev High/Low May 12 1964 1984 1984/1960 Jul 12 1996 2011 2012/1988 Sep 12 2003 2014 2015/1997 Nov 12 2000
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    • 1478 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 150 295 9.75 25 Baker Technology Ltd W*****6 2 -1 143 1 32 6 16.00 7 Best World Intl Ltd W*****5 0.6 1 30 61 31.67
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    • 470 24 Apr 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.023 6.551 0.788 8.059 54.659 95.469 0.838 11.782 3.168 1.276 94.378 44.019 1.290 8.103 0.946 30.404 32.039 0.641 1.039 Canada 0.978 6.405
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    • 59 24 Apr 27 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 6 mths 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • 154 24 Apr 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2892 1.2900 1.0383 1.0388 Canadian dollar 1.2608 1.2611 1.0154 1.0155 Euro 1.6370 1.6374 1.3185 1.3186 NZ dollar 1.0100 1.0108 0.8135 0.8140 Sterling pound 2.0100 2.0112 1.6189 1.6196
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    • 135 24 Apr 27 GOLD(US$/oz) Apr 26 Apr 27 Hong Kong 1658.00 1661.00 Apr 27 Apr 27 Apr 26 London 1663.80 1655.50 1664.55 1656.25 Source: Thomson Reuters CAST BAR Apr 27 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 158 66 5gm 450 329 10gm
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    • 93 24 Apr 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 26-Jul-12 0.25 1-Year BY*****T 02-May-13 0.26 0.23 0.22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.11 100.15 100.13 5-Year N*****0Z 2.375
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    • 1440 24 Apr 27 24 FINANCE COMMODITIES SGX FUTURES Apr 27 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9564.40 9691.70 9463.60 Jun12 9555.00 9700.00 9465.00 9475.00 ***** *****8 Sep12 9565.00 9675.00 9485.00 9470.00 52 7915 MSCI TAIWAN INDEX FUTURES SPOT 270.10 273.64 267.64 Apr12 269.90 273.30
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    • 121 24 As at 9am Apr 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.318 1.256 Can dollar 1.29 1.229 Euro 1.678 1.599 Sterling pound 2.047 1.969 NZ dollar 1.039 0.99 US dollar 1.26 1.212 Local dollars to 100 units of foreign
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    • 155 24 Apr 27 Apr $S Offer Bid 0vernight 0.08 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85
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  • Page 25 Advertisements
    • 1173 25 The Business Times Shipping times 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 Email: singapore@balisagp.com Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Antwerp/UK Destination STXPO TBN
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    • 568 25 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TIRRANNA FF217 13/04 18/04 21/04 23/04 28/04 05/05 TALISMAN FF218 20/04 23/04 26/04 02/05 09/05 TAMPA FF220 25/04 30/04 02/05 04/05 09/05
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  • Page 26 Advertisements
    • 861 26 Shipping Times HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF CONTAINERS SERVICE TO TANZANIA, KENYA, MIDDLE EAST, IRAN, PERSIAN GULF, IRAQ, CIS, INDIA PAKISTAN HDM SERVICE Approx transit time ex-Singapore 8D 9 D 14 D VESSEL~ VOY SIN PKG JEA BND BIK RAMONA~ HDMO123S~ 28 Apr 29 Apr~ 07 May~
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    • 698 26 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY~ Ramp(KT)~ Lifting(KT)~ PK~ SIN~ PKL~ KUC~ KK~ JKT YUSHO CHERRY 5 60 11/05 12/05 15/05 MALAYSIA STAR 12 50 09/05 11/05 13/05 15/05 SHENG SHI 37 100 14/05 15/05 18/05 GENIUS STAR II 42 60 16/05 18/05 POSITIVE
      698 words
    • 449 26 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA I 06/12 04/05 06/05 BELITUNG/PKL BALAM VICTORY 6 08/12 IN PORT 01/05 JAMBI/PEKAN BARU SUN FLORA 09/12 02/05 04/05 PALEMBANG/PANJANG SINOPA 07/12 03/05 05/05 BENGKULU/PADANG SIANIRI 04/12 IN PORT 01/05 BELAWAN/LHOKSEUMAWE INARAN 05/12 03/05 05/05 SABANG/MALAHAYATI
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  • Page 27 Advertisements
    • 378 27 Panasonic ideas for life Panasonic Video Conferencing Trusted by Global Industry Leaders Successful organizations around the world, in every field imaginable, trust Panasonic Video Conferencing to optimize their daily efficiency. IT Services Provider By using Panasonic HD Video Conferencing and High-speed Fibre Broadband internet, Fujitsu was able to save even
      378 words
  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • BizIT
      • 717 27  -  Despite being wheelchair-bound, Ajmal Samuel is both a successful businessman and an accomplished athlete, reportsAMANDA <the bizIT interview> AMANDA EBER BENEATH the conventional businessman image, Ajmal Samuel presents to the world a core of steel not apparent at first glance. At 46, Mr Samuel
        717 words
      • 209 27  -  Goal is to encourage S’poreans to lead fulfilling lives By AMANDA EBER SOCIAL media has been all the rage for a while now, spanning the gamut from personal to government and corporate users. Insurance company AIA Singapore is just the latest
        209 words
      • 290 27 Reuters [SAN FRANCISCO] Greed does not matter when it comes to the legal battle of two Silicon Valley icons, a federal judge told jurors who are hearing the lawsuit Oracle filed against Google. “There has been a suggestion made that greed is
        Reuters; BLOOMBERG FILE PHOTO  -  290 words
      • 1264 28  -  Taiwanese phonemaker comes up with a stunner after its rebranding exercise <cool stuff> AMIT ROY CHOUDHURY Technology Editor NEWS out of Seoul late last week saw Samsung dislodging Nokia as the world’s largest phone maker in the first three months of this year.
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      • <what’s up>
        • 33 28 THE IDA is backing a study to benchmark broadband performance in Singapore. Conducted by SamKnows, the study is calling for 900 volunteers to sign up at http://www.samknows.sg.
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        • 31 28 NEWSTEAD Technologies’ Apple reseller arm, Nubox, opened a new store at JCube at Jurong East Central on Friday. This is its 11th Nubox outlet in the country.
          31 words
        • 45 28 DELL has released a newly designed portfolio of tower workstations under its Precision line. The top-of-the-range model, T7600, has a front-accessible hard drive, new memory technology and can offer up to two Intel Xeon processors with four graphics slots.
          45 words
        • 31 28 WESTERN Digital has started shipping its new WD Scorpio Blue 7mm hard drive, a 2.5” form factor drive. It is available in 500Gb and 320Gb capacities.
          31 words
        • 43 28  -  Compiled by VICTORIA HO LENOVO has launched a new lineup of PCs with quad-core 3rd-gen Intel Core processors. These are the IdeaCentre A720 (an all-in-one), the IdeaPad Y480 (a laptop) and the ThinkPad Edge E430 (a laptop).
          43 words
    • 844 30  -  AdNovum feels its approach keeps employees feeling fresh, writesVICTORIA writesVICTORIA HO ONLINE networking, while having made Facebook a widely accepted consumer phenomenon, continues to remain largely ignored as a utility tool by enterprises. ne company, however, has worked the online networking concept into
      844 words
    • 607 30  -  A big opportunity for businesses, says market researcher By JOSHUA TAN SINGAPORE consumers are at the forefront of adopting location-based services (LBS) through mobile devices, and this holds great potential for enterprises which can create new business opportunities based on LBS, according to
      607 words
    • 494 30  -  By JOSHUA TAN THE Raspberry Pi’s miniature size and sophisticated exterior might look intimidating to the ordinary consumer; but its open exterior concept, which allows the intricacies of the machinery to be revealed, is actually one of its unique selling points.
      494 words
    • 438 30 AP [SAN FRANCISCO] Yahoo is bringing out more artillery in its patent battle with Facebook. It is adding new allegations of intellectual property theft to its six-week-old lawsuit against Facebook. In court papers filed on Friday, Yahoo Inc now says Facebook’s online
      AP  -  438 words
    • 427 30  -  By JOSHUA TAN LEADING infocomm technology (ICT) services provider NTT Communications Corporation (NTT Com) officially opened its Serangoon Data Centre last Friday. The facility at Tai Seng boasts an estimated server area of 5,000 square metres and IPv6-ready networks. Along with Malaysia’s
      427 words

  • Page 28 Advertisements
    • 122 28 Here’s how to make your money grow Property Catch up on the latest in local, overseas and commercial/ industrial property news, and get practical advice and insights. Markets Get expert market advice and the latest news on stocks, unit trusts, alternative investments and bonds. Wealth Learn how to plan for
      122 words

  • Page 29 Advertisements
    • 1765 29 ADVERTORIAL Innovation Paves the Path to Success The nation’s most prestigious and well-recog-nised innovation accolade, the National Infocomm Awards (NIA) is seeking new infocomm champions this year, ready to throw the spotlight on organisations and companies which have exemplified the spirit of innovation and continuously pushed the boundaries to achieve
      1,765 words