The Business Times, 24 May 2012
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2012-05-24
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The Business Times
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Title Section25 2012-05-24 1 THE BUSINESS TIMES Spll A SINGAPORE PRESS HOLDINGS PUBLICATION S$1.00 online at http://www.businesstimes.com.sg CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, May 24, 201225 words
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892 2012-05-24 1 CHUANG PECK MING - NWC suggests at least 5% wage hike for low-income earners; some sectors fear cost pressure By CHUANG PECK MING [SINGAPORE] The pay of low-wage workers is likely to rise by at least 5 per cent this year, thanks to the National Wages Council’s latest892 words
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MARKETS DIGEST
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Article110 2012-05-24 1 HST INDEX 2,780.42 (-43.33) HST INDEX FUTURES 2,780 (-44) HSIMSCI 316.70 (-5.38) HSIMSCI FUTURES 316.20 (-4.90) US$ S$ US$ (S$ per US$) 1.278 (US$/S$ per 1.574 2.011 EURO (US$/S$/E) 1.266 1.618 Foreign currency per US$ S$ YEN 79.40 62.20 RM 3.143 2.459 HK$ 7.766 6.077 BAHT 31.52 24.66 RUPIAH110 words
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Article25 2012-05-24 1 SINGAPORE 5.38 HONG KONG 6.55 HONG KONG 5.00 JAPAN 14.598 KOREA 5.036 JAPAN US KOREA CANADA BRITAIN SWITZERLAND US INDIA CANADA Source: Bloomberg25 words
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Article, Illustration1096 2012-05-24 1 EMILYN YAP, TEH SHI NING - Not enough locals ready just yet to fill certain positions, observers say By EMILYN YAP, TEH SHI NING [SINGAPORE] A fine balancing act lies ahead for the government as it plans to groom more Singaporeans for top1,096 words
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Article, Illustration591 2012-05-24 1 NISHA RAMCHANDANI - IPO could take place next month; reports suggest a stellar board in the making By NISHA RAMCHANDANI [SINGAPORE] As Formula One (F1) continues to speed towards a listing on the Singapore Exchange (SGX), its initial public offering (IPO) could take place591 words
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Page 1 Advertisements
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Advertisement12 2012-05-24 1 MIO TV OUTAGE SingTel offers one-month refund, apology PAGE 4 *****1 *****412 words
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Advertisement8 2012-05-24 1 CPI S’pore inflation up in April PAGE 28 words
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Advertisement31 2012-05-24 1 COEs Premiums fall across the board PAGE 4 Asset allocators can no longer look to the euro as the basis for a risk-free asset. Find out why on BTInvest at www.btinvest.com.sg.31 words
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Advertisement6 2012-05-24 1 BizIT Outsourcing still fashionable PAGE 306 words
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TOP STORIES
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Article, Illustration799 2012-05-24 2 TEH SHI NING - Core inflation eased in April but could remain high with further pass-through of labour costs By TEH SHI NING [SINGAPORE] Inflation rose again last month as heightened global growth risks did little to dampen price increases. Persistent inflation and risks to growthSource: Department of Statistics - 799 words
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THREE-MINUTE DIGEST
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73 2012-05-24 2 THE pay of low-wage workers are likely to rise by at least 5 per cent this year, thanks to the National Wages Council’s latest wage guidelines. Employers agreed with the principle, though some indicated that certain sectors would worry about costs. Specifically, the NWC73 words
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55 2012-05-24 2 AS Formula One continues to speed towards a listing on the Singapore Exchange, its IPO could take place as early as the third week of June. Meanwhile, CapitaLand CEO Liew Mun Leong and Temasek Holdings deputy chairman Kwa Chong Seng may55 words
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58 2012-05-24 2 INFLATION rose again last month as heightened global growth risks did little to dampen price increases. Persistent inflation and risks to growth could mean Singapore’s monetary policy options are narrowing, economists say. Consumer prices in April rose 5.4 per cent from a58 words
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55 2012-05-24 2 THE premiums for all COE (certificate of entitlement) categories slumped and the big car premium fell for the first time this year. Motor distributors were not surprised as they said that buyers have started finding the prices too high and are now hoping that55 words
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32 2012-05-24 2 SINGAPORE is looking into better protecting customers’ segregated money as it begins to formalise the regulation of over-the-counter derivatives, according to two consultation papers announced yesterday.32 words
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60 2012-05-24 2 OVER 65 per cent of a third apartment block in Myanmar built by an affiliate of Yoma Strategic Holdings has been sold, suggesting a sale proceeds boost for Yoma if shareholders at tomorrow’s extraordinary general meeting approve its proposal to acquire significant60 words
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58 2012-05-24 2 THE occupancy level at JTC’s ready-built factories experienced a marginal dip in the first quarter of 2012, even as gross allocations outstripped terminations, resulting in a turnaround in net allocation to 5,700 square metres. For the opening quarter of 2012, occupancy level58 words
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68 2012-05-24 2 MALAYSIA’S economy expanded 4.7 per cent in the first quarter, sustained by domestic demand supported by private and public sector spending as exports slumped. Compared to the preceding quarter’s growth of 5.2 per cent, the performance in the first three months amounted to68 words
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51 2012-05-24 2 DEMAND for new US homes increased more than forecast last month as low prices and mortgage interest rates drew buyers. Purchases rose to a 343,000 annual rate, up 3.3 per cent from a revised 332,000 in March, the Commerce Department reported51 words
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484 2012-05-24 4 SAMUEL EE - Car dealers say buyers are finding the prices too high and are hoping the COE supply will rise By SAMUEL EE [SINGAPORE] The premiums for all COE (certificate of entitlement) categories slumped and the big car premium fell for the first time this year.484 words
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669 2012-05-24 4 JOYCE HOOI - By JOYCE HOOI [SINGAPORE] SingTel will be refunding one month’s worth of the current mio TV Sports Pack subscription to “all (Barclays Premier League) customers who tuned in to watch the season’s final matches” on May 13, it said yesterday. Over the669 words
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Article, Illustration675 2012-05-24 4 Reuters Bloomberg [NEW YORK] Facebook and banks including Morgan Stanley were sued by the social networking leader’s shareholders, who claimed the defendants hid Facebook’s weakened growth forecasts ahead of its US$16 billion initial public offering (IPO). The defendants, who also include Facebook chiefReuters; Bloomberg - 675 words
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Article, Illustration680 2012-05-24 4 SAMUEL EE - Their first report to Lui Tuck Yew is slated for end-May By SAMUEL EE [SINGAPORE] A team formed by the Land Transport Authority and rail operator SMRT to systematically look at the train network’s problems and anticipate issues posed by an ageing fleet will680 words
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626 2012-05-24 4 LEE U-WEN - He says Png not truthful in trying to explain why WP did not select him as an NCMP HOUGANG BY-ELECTION By LEE U-WEN [SINGAPORE] The revelations by the Workers’ Party (WP) over how it selects its non-constituency members of parliament (NCMP) have626 words
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Advertisement148 2012-05-24 2 FRONT PAGE FRONT PAGE TOP STORIES, PAGE 2 TOP STORIES, PAGE 4 r\ •M-'t C B CAL 1306 Ov U) C? n i 1 a fc 1 8 ft ih-l m li BVLGARI vl u,.. L'- B R I DANIEL ROTH CAL 1306 12 m OS OJ I r !'•i148 words
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Advertisement18 2012-05-24 2 COMPANY NEWS, PAGE 6 COMPANY NEWS, PAGE 9 SINGAPORE NEWS, PAGE 11 MALAYSIA, PAGE 14 WORLD, PAGE 1618 words
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Advertisement119 2012-05-24 3 f J 3 I! PATEK PHILIPPE GENEVE m 1 I 5 Begin your own tradition Tt rii i Wi i Ydu never actually own a Patek Philippe. You merely look after it for the next generation. j I I w -r 7 4 > mj A iii WMl59n m wL119 words
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Advertisement90 2012-05-24 4 SAVERS 2- WEEKEND MALACCA CRUISE Singapore Departure: Nov 3 Ports-of-call: Singapore, Malacca 3- BEST OF MALAYSIA CRUISE Singapore Departures: Oct 31, Nov 9,16,23,30, Dec 7,14,26 Ports-of-call: Singapore, Malacca, Penang 4- ISLES OF SOUTHEAST ASIA CRUISE Singapore Departures: Nov 05,19,26, Dec 3,10,17,21 29 Ports-of-call: Singapore, Kuala Lumpur (Port Klang), Phuket 5-90 words
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Advertisement177 2012-05-24 5 www.vw.com.sg T, V »S\ •*sss\< v'%V SNSSSSVS SSS'AVW* sssss »\\\\\\\\sws %SSS W SSS kHSSSSSSSVHSN V* m > V'v >. A > '»’»’> .-..'..sss s*.-. > V VV V vv VHV V *1 *1 Sfigssisi m n m a s» m Golf Cabriolet. The everyday cabriolet. On a cool night, there’s177 words
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COMPANY NEWS
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Article, Illustration821 2012-05-24 6 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY THESE are testing times indeed for research analysts. Not only does Greece’s possible default and exit from the eurozone mean that global markets would suffer as the likes of Portugal, Italy and Spain get sucked under by contagion selling,AFP - 821 words
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585 2012-05-24 6 KENNETH LIM - MAS begins to formalise regulation of OTC derivatives By KENNETH LIM SINGAPORE is looking into better protecting customers’ segregated money as it begins to formalise the regulation of over-the-counter (OTC) derivatives, according to two consultation papers announced yesterday. The Monetary Authority of Singapore (MAS)585 words
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265 2012-05-24 6 RACHEL AU-YONG - By RACHEL AU-YONG HOMEGROWN civil engineering firm Swee Hong Limited defied adverse market conditions yesterday, closing 22 per cent above its initial offering price in its first day of trading. The stock opened trading at 26.5 cents, 17.8 per cent above the issued265 words
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266 2012-05-24 6 Reuters [HONG KONG] Singa-pore-based Orvent Asset Management has shut its US$130 million event-driv-en hedge fund after its Swedish seed capital investor pulled out at the end of April, two sources with direct knowledge of the matter said. Stockholm-based Brummer Partners, one of Europe’s largestReuters - 266 words
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Article, Illustration789 2012-05-24 9 LYNETTE KHOO - S’pore needs to recognise, retain female talent, says Madam Halimah By LYNETTE KHOO IF companies here do not rope in qualified women for their boards, foreign companies will do so. This observation was made by Halimah Yacob, Minister of State for Community Development, Youth789 words
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432 2012-05-24 9 Bloomberg [HONG KONG] Chi-X Global Holdings LLC, the operator of alternative trading venues that’s owned by Nomura Holdings Inc, plans to expand in Asia and South America, even as it closes the first-ever pan-Asian dark pool, Chi-East, today. Chi-X announced on May 11Bloomberg - 432 words
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329 2012-05-24 10 GLENN CHOO - Sale proceeds will accrue to Yoma if Star City acquisition deal is approved By GLENN CHOO OVER 65 per cent of a third apartment block in Myanmar built by an affiliate of Yoma Strategic Holdings has been sold, suggesting a sale proceeds329 words
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Article383 2012-05-24 10 JASMINE NG - Results helped by revenue climbing 19.7% to US$4.96m By JASMINE NG SINGAPORE Shipping Corp (SSC) posted a 43.8 per cent year-on-year surge in net profit to US$2.13 million for the fourth quarter ended March 31. The results were helped by a 19.7 per cent climb383 words
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247 2012-05-24 10 R SIVANITHY - By R SIVANITHY MAINBOARD-LISTED China Auto Corp (CAC) yesterday said its Russian associate, Neftech, a high-tech company that specialises in fuel-saving technology, has signed an agreement with independent power producer Colben Energy to install a Neftech unit in Colben’s power station in Phnom Penh.247 words
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238 2012-05-24 10 Reuters [MELBOURNE] Commodities firm Cargill is looking to buy Goodman Fielder’s edible fats and oils business, reviving a deal that Australia’s competition watchdog rejected two years ago. “Cargill Australia Ltd is proposing to acquire the edible fats and oils business of Goodman FielderReuters - 238 words
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COMPANY BRIEFS
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Article41 2012-05-24 10 UNITED Overseas Bank acting through its Hong Kong branch has established a HK$30 billion (S$4.9 billion) certificate of deposit programme. Net proceeds from the issue of certificates of deposit will be used for general funding requirements.41 words
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47 2012-05-24 10 VALUERS for Sino Techfibre have estimated a fair market value range of 566 million yuan (S$113.3 million) to 782 million yuan for the entire share value of the company, or 0.61 yuan to 0.84 yuan per share, as at Dec 31, 2011.47 words
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48 2012-05-24 10 UNITED Envirotech said it has increased its investment in the paid-up capital of a wholly owned subsidiary by $49.99 million. This raised the total paid-up capital of United Envirotech Water Resource to $50 million. The additional investment is funded from internal resources.48 words
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Article65 2012-05-24 10 TIONG Woon Corporation has established a US$4 million joint venture company to manage a joint investment project in Vietnam. Tiong Woon holds a 40 per cent stake in the JV Tiong Woon Teck Aik Enterprise Pte Ltd while its partners, Chi Deh Crane Engineering65 words
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Article60 2012-05-24 10 PROPERTY developer Bukit Sembawang Estates posted a net income of $21.5 million for the fourth quarter ended March 31, down 18.3 per cent year on year. Revenue fell 29.8 per cent to $50.9 million. Net profit for the full year was $182.9 million, up 460 words
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Article47 2012-05-24 10 COMBINE Will International Holdings plans to expand the ODM and OEM operations of the group by setting up operations in Wuzhou, Guangxi, China. It proposes to acquire a piece of land with an aggregate area of around 100 acres in Cangwu Industrial Park.47 words
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Article49 2012-05-24 10 FRAGRANCE Group and World Class Land (WCL) a unit of Aspial Corporation are each subscribing for a further 2,499,995 ordinary shares at an issue price of $1 each in the capital of Bayfront Ventures Pte Ltd, a 50:50 special purpose company held by Fragrance and WCL.49 words
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Advertisement136 2012-05-24 6 LUNCHTIME LUXURIES FOR LESS riQs«rillR f; S&i "':-i <•! A' m n »r s. k\ J Savouring 5 Signature Dishes at only $28.80 H ill Jin Shan m When it comes to savouring life's little luxuries, there's no better way to do it than lunch at Jin Shan, Freshly-made every136 words
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Advertisement224 2012-05-24 6 to o LU u c QJ E QJ OJO re c re QJ Odd T3 _QJ 5 o c c 0) E QJ OX) re c re c QJ co o3 to u QJ 31st May 2012 (Thursday) 9.00am-5.00pm $1,288 per pax/clinic NIL) Alumni Club, 11 Slim Barracks Rise (Off224 words
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Advertisement133 2012-05-24 7 <SB> TOYOTA ALWAYS BETTER. The All-New A CAR DRIVEN TO LEAD. FOR THOSE DRIVEN TO SUCCEED THE ALL-NEW CAMRY IS FINALLY HERE. EXPERIENCE ITS FINEST IN OUR SHOWROOMS NOW. The all-new Camry sets a new benchmark in luxurious comfort with its unrivalled craftsmanship and intricate detailing. Be driven by the133 words
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SINGAPORE MARKETS
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Article, Illustration554 2012-05-24 8 R SIVANITHY - Traders capitalise on Greek and eurozone fears, sending the Straits Times Index 43 points lower STOCKS R SIVANITHY Senior Correspondent SELLING into strength was clearly the preferred option as the short-cover-ing bounce of Monday and Tuesday ran into major headwinds yesterday. In its place wasSource: Bloomberg - 554 words
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Article186 2012-05-24 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 9 3 0 0 0 4 9 3 Manufacturing 22 79 19 3 10 8 25 89 27 Commerce 9 32 13 0 3 5 9 35 18 Tpt/Stor/Comms 6 27 6186 words
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Article121 2012-05-24 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,444 11,444 51,904 51,904 Manufacturing 234,645 31,738 266,383 138,694 1,937 140,631 Commerce 457,041 6,885 463,926 192,172 611 192,783 Tpt/Stor/Comms 75,291 11,506 86,797 139,540 3,214 142,754 Finance 14,341 14,341 138,843 138,843 Construction 131,390 14,433 145,823 27,152121 words
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Article113 2012-05-24 8 Stock name Close Change CapMallsAsia 1.365 -0.030 CapitaLand 2.430 -0.080 CapitaMall 1.800 -0.005 CityDev 10.000 -0.280 ComfortDelGro 1.470 -0.010 DBS Grp 13.130 -0.120 F&N 6.470 -0.090 GLP 1.985 +0.015 Genting SP 1.505 -0.040 Golden Agri 0.660 -0.005 HK Land 5.720 -0.160 JMH 50.060 -0.030 JSH 31.560113 words
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Article64 2012-05-24 8 May 23 VALUE CLOSE BT OB/OS -1067.00 -84.00 BT CADI -*****.00-206.00 BT 10-day MA -*****.00-107.00 FTSE ST Mid Cap 641.47 -7.02 FTSE ST Small Cap 418.46 -3.94 FTSE ST All Share 671.86 -9.75 FTSE ST China Top 191.10 -3.89 FTSE ST China 220.50 -4.91 FTSE ST Catalist64 words
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Article59 2012-05-24 8 VOLUME JEL Corp 263,069,000 TT Intl 79,336,000 Swee Hong 72,016,000 ChinaAniH 64,411,000 Golden Agri 48,326,000 Olam 45,876,000 Genting SP 37,842,000 Noble Grp 37,082,000 HLH Grp 24,559,000 SingTel 21,920,000 VALUE($) Olam 80,384,180 SingTel 68,284,842 Genting SP 57,417,105 DBS Grp 56,533,758 CapitaLand 48,322,250 Noble Grp 40,146,630 UOB 37,650,400 OCBC59 words
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BROKERS’ TAKE
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Article, Illustration300 2012-05-24 8 May 23 close: $0.645 Maybank-Kim Eng Research, May 23 TIGER Airways (Tiger) is a low-cost carrier offering short-haul flights spanning Asia and Australia. It operates a fleet of 30 A320 aircraft, and has stakes in regional carriers such as PT Mandala (Indonesia) and Southeast Asian Airlines (Philippines). TigerSource: Bloomberg - 300 words
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Article, Illustration353 2012-05-24 8 JAMIE LEE - Compiled by JAMIE LEE DMG Partners Research, May 23 Stocks tumbled but offshore spending outlook looks good. Rising risk of a European crisis and lower oil prices have led to steep decline in share prices of Singapore Offshore Marine (O&M) and Chinese shipbuilding stocks. While marketSource: Bloomberg - 353 words
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Article136 2012-05-24 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,136 words
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Article, Illustration529 2012-05-24 8 CURRENCIES Reuters [LONDON] The euro fell to a 21-month low against the US dollar yesterday as investors added to bearish bets on growing concerns about a chaotic Greek exit and widespread scepticism about the outcome of an EU summit due later inReuters; AP - 529 words
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Article113 2012-05-24 8 BY CENTS CLOSE UP DBXT iBoxxSvEu 5US$ *****1180.3 4.3 DBXT S&P Short 10US$ 3920 17.9 0.4 Lyxor LatinAmerica 1 690 15.3 1.8 OCBC Bk 5.1%NCPS 100 ***** 11.0 0.1 Hyflux 6% CPS 10 ***** 10.0 0.1 ChinaAniH 28 4.5 19.1 DBXT MSMSIA 10US$ 1271 3.8 0.2 KS Energy 89113 words
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Article123 2012-05-24 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 8812 -307.9 -2.7 GLD 10US$ ***** -281.0 -1.4 DBXT DBCBDJUBS 10US$ 3124 -158.4 -3.8 DBXT SPASX200 10US$ 3022 -115.0 -2.9 DBXT AUDCS 5SG$ ***** -90.0 -0.4 DBXT MSAsExJp 10US$ 2784 -70.3 -1.9 JSH 3156 -66.4 -1.6 IS S&P500 ***** -60.0 -0.4 DBXT123 words
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Page 9 Advertisements
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Advertisement76 2012-05-24 9 Floral Prints and Patterns in The Wall Street Journal. What in the world is going on? From the hottest trends and trendsetters in the world of fashion to vital insights and analysis on business and finance, The Wall Street Journal provides the breaking news and intelligence you need to navigate76 words
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Advertisement734 2012-05-24 10 CUTTING-EDGE STRATEGIES FOR WORKPLACE SUCCESS Who should attend: Sales Managers, Account Managers/ Executives, Social Media Specialists, PMEBs, Directors, Team Leaders and other General Management Professionals Register at www.stjobs.sg/seminars STJOBS FULL-DAY WORKSHOPS 11 May, 2012 (Fri) 25 May, 2012 (Fri) Workshop A 21st Century Sales Leadership Skills SPH News Centre (9.00734 words
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Advertisement13 2012-05-24 10 Head to CATS FASTADS in The New Paper for beauty haircare services! ESAIS13 words
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SINGAPORE NEWS
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388 2012-05-24 11 MINDY TAN - Better demand for ready built, flatted factory segments and prepared land By MINDY TAN THE occupancy level at JTC’s ready-built factories (RBF) experienced a marginal dip in the first quarter of 2012, even as gross allocations outstripped terminations, resulting in a turnaround388 words
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484 2012-05-24 11 GRACE LEONG - By GRACE LEONG THE Indonesian couple who sued BNP Paribas Wealth Management over US$10 million in losses that resulted from their purchase of high-risk investment products have dropped their lawsuit against the bank. Indonesian businessman Henry Djuhari and his wife, Nathaline484 words
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271 2012-05-24 11 April factory output seen rising 7.1 Reu ters [SINGAPORE] Singapore’s industrial output in April is likely to expand moderately after a slip in March but analysts said uncertainties over the global economy are still hurting demand, particularly in the electronics sector. Singapore’s exports rose more than expected in April dueReuters - 271 words
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Article, Illustration502 2012-05-24 11 LIM WEI SHENG - By LIM WEI SHENG ACQUISITIONS and public listings may not immediately occur to the small and medium enterprise (SME), but the viability of these expansion methods was discussed at a recent leadership conference. SME leaders who have undertaken both shared their experiences502 words
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356 2012-05-24 11 Reuters [SINGAPORE] Swiss-based commodities trading firm Trafigura said yesterday that Singapore would become its main trading centre as it seeks to tap booming demand for resources in the region. Asian economic growth led by China is causing a shift in the global demandReuters - 356 words
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Article, Illustration577 2012-05-24 11 MINDY TAN - They are at Hillview Avenue and Amber Road By MINDY TAN TWO freehold residential sites at Hillview Avenue and Amber Road were put up for sale yesterday. The first, a 230,915 sq ft freehold site, which is located at 63 Hillview Avenue, has a577 words
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Article, Illustration884 2012-05-24 12 AUDREY TAN - Norbreeze, the sole distributor of Skagen watches here, has big expansion plans that include China, reportsAUDREY AUDREY TAN FANS of slim and classic watch designs should thank Norbreeze Singapore for expanding its range of choices. Its Danish founders first came to Singapore in 1998ARTHUR LEE - 884 words
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Article, Illustration1025 2012-05-24 12 AMANDA EBER - Farshad Shishehchian’s company provides solutions to problems that those in the aquaculture business may face, reports AMANDA EBER DOCTORS and the aquaculture industry might not seem to have much in common, but Farshad Shishehchian, president and chief executive officer of Blue Aqua International Pte1,025 words
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Advertisement29 2012-05-24 11 HELPING HANDS Ordinary women, extraordinary volunteers a tale of three Singaporeans JOY ALUKKAS Man with the golden touch GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST29 words
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Advertisement19 2012-05-24 12 TODAY'S BEST MUSDC THE MOST FUN IN THE MORNINGS babe. JILLIAN LIM THE MARRIED MEN WEEKDAYS 6AM TO lOAM19 words
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Advertisement80 2012-05-24 12 This is the sixth and seventh of a series of features on the 14 finalists of the Emerging Enterprise 2012 Awards. Jointly presented by The Business Times and OCBC Bank, EE 2012 recognises promising enterprises which are up to 10 years old and have an annual turnover of $10 million80 words
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ECONOMY WATCH
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Article, Illustration707 2012-05-24 13 ANTHONY ROWLEY - Shirakawa denies central bank moving to neutral stance on monetary policy By ANTHONY ROWLEY in Tokyo THE Bank of Japan yesterday dropped the phrase “powerful easing” from its regular statement of monetary policy aims despite widespread criticism that the central bank was notBLOOMBERG - 707 words
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518 2012-05-24 13 Measures include more access to international credit, investment, trade Reuters [WASHINGTON] Industrialised nations have stepped up plans to help countries swept up in the Arab Spring rebuild their economies through more access to international credit markets, investment and trade, a seniorReuters - 518 words
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Article, Illustration800 2012-05-24 13 Worries that Greece might leave the euro have deepened NYT [ATHENS] For the past couple of weeks, the phone at Tasos Ioannidia’s five-star hotel on the breezy island of Mykonos has been ringing steadily, but not with the types of inquiries he wants to field.NYT; BLOOMBERG - 800 words
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410 2012-05-24 13 It may be needed if economy worsens significantly, it says Reuters [SOUTH CERNEY, England] The Bank of England (BOE) may need to resume asset buying if economic conditions deteriorate sharply, while the eurozone debt crisis has pushed back the date for reversingReuters - 410 words
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MALAYSIA
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Article, Illustration509 2012-05-24 14 PAULINE NG - Main pillar domestic demand remains on steady growth path, says central bank By in Kuala PAULINE NG in Kuala Lumpur MALAYSIA’S economy expanded 4.7 per cent in the first quarter, sustained by domestic demand supported by private and public sector spending as exports slumped.509 words
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661 2012-05-24 14 S JAYASANKARAN - By in Kuala S JAYASANKARAN in Kuala Lumpur IN a first-of-its-kind lawsuit, a state-sponsored cattle firm is suing Malaysia’s third largest lender for reputational loss over an alleged security breach. The National Feedlot Corporation (NFC) on Tuesday issued a statement alleging that661 words
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Advertisement1389 2012-05-24 14 a* [«-AT3 NOTICES 1 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices r LB BW Landesbank Baden-Wurttemberg Head Offices: Stuttgart: D-***** Stuttgart Am Hauptbahnhof 2; Karlsruhe: D-***** Karlsruhe Ludwig-Erhard-Allee 4; Mannheim; D-***** Mannheim Augustaanlage 33; Mainz: D-***** Mainz GroBe Bleiche 54-56 Singapore Branch; 25 International Business Park #01-72 German Centre, Singapore *****61,389 words
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Advertisement396 2012-05-24 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LANDBOND MARKETING (F.E.) PTE. LTD. (CO REG NO. *****2105Z) (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Members of LANDBOND MARKETING (F.E.) PTE. LTD., duly convened and held on 16 May 2012 the following396 words
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GREATER CHINA/INDIA
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Article, Illustration597 2012-05-24 15 They demand 21.6% for loans to small businesses, 3 times what banks charge Bloomb erg [BEIJING] Private lenders operating out of pawn shops and credit agencies in Wenzhou charge small businesses three times official bank lending rates, even as Premier Wen Jiabao touts financial reformsBloomberg; BLOOMBERG - 597 words
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405 2012-05-24 15 Bloomberg [SHANGHAI] China will allow small and mediumsized companies to sell bonds through private placements starting next month as part of measures to broaden financing channels for businesses struggling for funds. The first batch of bonds under a trial programme willBloomberg - 405 words
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387 2012-05-24 15 Reuters [LONDON] Vodafone chief executive Vittorio Colao has ramped up the rhetoric in his fight with the Indian government, accusing the country of deterring foreign investment but warning that he would not walk away. The result, the company said, was that it wasReuters - 387 words
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Advertisement299 2012-05-24 15 Artist’s Impression SUITES R EDEFIN E Luxury Living Freehold Foreigners eligible Immediate move-in Luxury without compromise from.$1.,585 psf LU /Wei C/j < LU I LU cr I sir <kti, HHj L m !l a!!lir Ss LU 55 feS'S > asssi s fiiSfessO -4 !.t ml nss i! r% H -"So299 words
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WORLD
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Article, Illustration610 2012-05-24 16 Purchases rise 3.3% as low mortgage interest rates and prices draw buyers LATEST US DATA Bloom berg [WASHINGTON] Demand for new US homes increased more than forecast last month as low prices and mortgage interest rates drew buyers. Purchases rose to aBloomberg; BLOOMBERG - 610 words
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Article, Illustration682 2012-05-24 16 Reuters [BRUSSELS] Eurozone officials have agreed that each eurozone country must prepare an individual contingency plan in the event that Greece decides to leave the single currency area, two officials said yesterday. The agreement was reached during a teleconference of the Eurogroup WorkingReuters; REUTERS - 682 words
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396 2012-05-24 16 New books written on the slow economy AP [NEW YORK] With a Democrat in the White House, a wave of books is coming out this year lamenting the slow economy and calling for change. And those books are by liberals. “It’s the story of theAP - 396 words
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627 2012-05-24 16 They face deposit flight, defaults in other euro nations Bloom berg [LONDON] Europe’s banks, sitting on US$1.19 trillion of debt to Spain, Portugal, Italy and Ireland, are facing a wave of losses if Greece abandons the euro. While lenders have increasedBloomberg - 627 words
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444 2012-05-24 16 Bloomberg [MADRID] Spain’s rising borrowing costs are preventing the government’s spending cuts from reducing the budget deficit and supporting growth, Prime Minister Mariano Rajoy said yesterday. Mr Rajoy said he wants European leaders to help ease a liquidity crunch that is drivingBloomberg - 444 words
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Article, Illustration582 2012-05-24 17 Its life expectancy, and employment in 15-64 age group are above OECD average Bloomberg [SYDNEY] Australia is the world’s happiest nation based on criteria including income, jobs, housing and health, the Organisation for Economic Co-operation and Development (OECD) said. The country led Norway and the UnitedBloomberg; AFP - 582 words
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265 2012-05-24 17 Reuters [LONDON] A growing number of senior executives around the world are willing to pay bribes to win or keep business, as the hunt for growth supersedes concerns over ethics and regulatory fines, according to a survey published yesterday.Reuters - 265 words
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Article, Illustration339 2012-05-24 17 Bloomberg [SYDNEY] Mining magnate Gina Rinehart has become the world’s richest woman as her fortune has almost tripled to A$29.2 billion (S$36.4 billion), according to a ranking of Australia’s wealthiest people by BRW magazine. Ms Rinehart, who controls Hancock Prospecting Pty Ltd, soaredBloomberg; BLOOMBERG - 339 words
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666 2012-05-24 20 ANTHONY ROWLEY - Region urged to boost domestic consumption, build up infrastructure By ANTHONY ROWLEY in Tokyo EAST Asia must brace itself against the risk of further financial shocks and demand disruptions in Europe and also for an unexpected drop in commodity prices in the event666 words
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Article, Illustration602 2012-05-24 20 New models to be developed based on Mazda’s MX-5 Reuters [TOKYO] Mazda Motor Corp, maker of one of history’s most iconic two-seater convertibles, and Fiat SpA are teaming up to produce a new generation of sports cars to revive their flagging fortunes. Carmakers aroundReuters; REUTERS - 602 words
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335 2012-05-24 20 Reuters [LONDON] British luxury brand Burberry posted a 26 per cent jump in profit as expected and said it would invest up to £200 million (S$400 million) in new outlets and expanding existing stores in London, Chicago and Hong Kong. The 156-year-oldReuters - 335 words
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Article, Illustration769 2012-05-24 20 Bloomberg [NEW YORK] Guess? Inc is turning into the cheapest takeover candidate in the fashion industry. After slumping to an almost three-year low yesterday, the Los An-geles-based clothing designer and retailer was valued at 3.5 times earnings before interest, taxes,Bloomberg - 769 words
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582 2012-05-24 21 Tax hikes, automatic spending cuts take effect in Jan unless lawmakers act Reu ters [WASHINGTON] A stalemate over how to tackle a series of fiscal deadlines at year’s end would likely push the United States economy into recession in the firstReuters - 582 words
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288 2012-05-24 21 Reuters [LONDON] Thailand’s PTT Exploration and Production has trumped Royal Dutch Shell’s bid for Mozam-bique-focused explorer Cove Energy by offering £1.22 billion (S$2.44 billion), highlighting international interest in East African gas finds. Cove management said yesterday –hours ahead of a deadline toReuters - 288 words
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Article, Illustration553 2012-05-24 21 Bloomberg [REYKJAVIK] Iceland is heading for a showdown with its fishermen as the government claws back control over its economy following its financial collapse in 2008. Prime Minister Johanna Sigurdardottir, a flight attendant turned union organiser, is seeking to raise feesBloomberg - 553 words
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Page 16 Advertisements
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Advertisement204 2012-05-24 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LANNA (SINGAPORE) PTE LTD (Co. Reg. No. *****0924H) (IN MEMBERS’VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members204 words
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Page 17 Advertisements
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Advertisement559 2012-05-24 17 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices FIRST COMMERCIAL BANK CO., (Incorporated with limited liability in Taipei, Taiwan, R.O.C.) LTD BALANCE SHEETS STATEMENTS OF INCOME as of December 31,2011 and 2010 for the years ended December 31,2011 and 2010 CAPITAL ADEQUACY RATIO (NT$,000, December 31, 2011 December 31,2010 Capital559 words
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Advertisement1219 2012-05-24 17 ELEKTROMOTIVE GROUP LIMITED (formerly known as THE LEXICON GROUP LIMITED) (Incorporated in Singapore) (Company Registration Number *****7135Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Elektromotive Group Limited (the “Company”) will be convened on 8 June 2012 at 10.00 a.m. at Prince1,219 words
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Page 18 / 19 Advertisements
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Advertisement359 2012-05-24 18 / 19 WHEN IT COMES TO EXCELLENCE, ONE NAME STANDS ALONE. MARINA BAY FINANCIAL CENTRE FIABCI Prix d’Excellence Awards 2012 Winner Office Category Runner-up Residential (High Rise) Category for Marina Bay Residences Marina Bay Financial Centre is proud to be the winner of the FIABCI Prix d’Excellence Awards 2012, the most prestigious359 words
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Page 20 Advertisements
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Advertisement21 2012-05-24 20 www.omy.sg m* t wwimav f«A«a«n Vice Ring Probe Available on SrSWiilSfflii mmnm. mx mmmz H S S TSei*® _t P3 www.omy.sg21 words
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Advertisement119 2012-05-24 20 Men’sHealth SHAPE LUNCH ON US! ROADSHOW No <1 idin>;! h!as\ nci|ihl-lms tricks I'nHI 3WEEKST0AFITTER,LEANE BODY!Pin A f| 1 J 1 s ABS PERFECT YOUR RUNNING STRIDE FOR LIFE STOP LYING TO YOUR DOCTOR SECRETS TO GETTING ft KEEPING YOUR SIX-PACK DO ENERGY DRINKS REALLY BOOST PERFORMANCE? 8 NONE D S119 words
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Page 21 Advertisements
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Advertisement737 2012-05-24 21 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices AC Quant société d’investissement à capital variable Registered office: L-2550 Luxembourg, 36, avenue du X Septembre R.C.S. Luxembourg B *****3 The shareholders of AC Quant (the ”Company“) are hereby invited to an: EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS which will be held on737 words
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Advertisement887 2012-05-24 21 DNB DNB Bank ASA INCOME STATEMENT DNB Bank ASA DNB Bank Group DNB Bank ASA BALANCE SHEET DNB Bank Group Liabilities and equity THE BOARD OF DIRECTORS of DNB Bank ASA Anne Carine Tanum ChairmanI Torill Rambjpr Jarle Bergo IVice-Chairman Ingjerd Skjeldrum Sverre Finstad Berit Svendsen Kai Nyland Rune Bjerke887 words
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EDITORIAL & OPINION
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486 2012-05-24 22 EDITORIAL PEOPLE are the heart of any business. Or so many a CEO has declared. And certainly the plans to develop a strong core of local specialist skills for the finance industry here are not only most timely and key to the486 words
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Article, Illustration840 2012-05-24 22 DAVID MASON - THE BOTTOM LINE DAVID MASON The writer was a partner with Price Waterhouse Singapore for 18 years. He now runs his own consultancy in business communications in the UK. He spends several months a year with clients in840 words
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Article, Illustration1085 2012-05-24 22 JEFFREY FRANKEL - Its successor as monetary policy anchor is likely to be nominal GDP targeting By JEFFREY FRANKEL The writer is professor of capital formation and growth at Harvard University Project Syndicate [CAMBRIDGE] IT IS with regret that we announce the death of inflation targeting. TheProject Syndicate; STOCK.XCHNG - 1,085 words
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Article, Illustration1334 2012-05-24 23 LEON HADAR - Obama’s achievement to help save car industry would have been the kind of policy Old Romney would have backed LEON HADAR Washington Correspondent ‘WHAT the hell is a community ganiser?’ Asking that question was one way Republican operators were mocking presidential candidate Barack Obama duringAFP - 1,334 words
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Article, Illustration1096 2012-05-24 23 JACY MEYER - By JACY MEYER IHT Nanotechnology is a young but rapidly developing field that exploits the strange physical properties possessed by microscopic particles about one 800th the thickness of a human hair. The high surface area of a nanoparticle relative to its weight and volume makesIHT; FILE PHOTO - 1,096 words
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AVIATION
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373 2012-05-24 24 Airline’s major shareholder says offer 10 times oversubscribed AFP Reuters [BANGKOK] Thai AirAsia’s top shareholder has reported strong demand for its shares in an initial public offering that will raise funds for a fleet expansion at the fast-growing low-cost carrier. Asia Aviation PCL, whichAFP; Reuters - 373 words
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Article, Illustration690 2012-05-24 24 Countries competing to beef up positions as regional hubs AFP [DUBAI] Gulf countries are channelling billions of dollars into airport expansions, betting on a sharp rise in passenger traffic and competing to strengthen their positions as regional hubs for global travel. “We are tryingAFP; PHOTO: AP - 690 words
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654 2012-05-24 24 Reuters [CHICAGO] From a chilly perch in Burnsville, Minnesota, Tim Zemanovic has an unusual perspective on the global aircraft market, which is booming some say overheating as the world’s largest plane-mak-ers pump out jets as fast they can. Mr Zemanovic, the head ofReuters - 654 words
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Article, Illustration470 2012-05-24 24 Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd, unprofitable for five straight quarters, rose the most in about three weeks in Kuala Lumpur after a new loan and plans for a RM2.5 billion (S$1 billion) sukuk sale eased funding concerns. The carrier surged as muchBloomberg; BLOOMBERG - 470 words
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270 2012-05-24 24 Bloomberg [SEOUL] Korean Air Lines Co, the world’s second-biggest international cargo carrier, and Sinotrans Ltd plan to shutter a China air-freight venture after three straight annual losses. Grandstar Cargo International Airlines Co’s board has authorised the closure, which now needs shareholderBloomberg - 270 words
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Page 24 Miscellaneous
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Miscellaneous312 2012-05-24 24 CRYPTIC CROSSWORD Across 4 Tom maybe will go east of Long Island to get vital link (8) 8 Force Ruth bucked, by the way (6) 9 The Spaniard turned about during trial TV show (8) 10 Game in which big caber is tossed (8) 11 Right indicated by milk supplier’s312 words
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SHIPPING
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245 2012-05-24 25 ALEC ALMAZAN - Company will offer to buy out minority shareholders’ stake of 20% in PT Karwell By ALEC ALMAZAN in Manila THE Singapore unit of International Container Terminal Services (ICTSI) is converting its newly acquired garment interest in Indonesia into a port and logistics operation. Manila-based245 words
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Article, Illustration352 2012-05-24 25 Oversupply to ease as new orders cut, older ships scrapped Reuters [BANGALORE] Daily rates for dry bulk vessels could rebound by the middle of next year due to an easing of oversupply as companies scrap older ships and cut back on newReuters; BLOOMBERG - 352 words
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556 2012-05-24 25 Pirates use Internet tracking systems to identify targets Bloomberg [LONDON] Ships at risk of attack by Somali pirates are increasingly indicating when they have armed guards on board to deter assailants they suspect are using Internet-based ves-sel-tracking systems toBloomberg - 556 words
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299 2012-05-24 25 Re uters [BANGALORE] Japan’s government may take on the liability exposure for tankers that bring Iranian oil to Japan when the European Union slaps sanctions on the major oil producer in July, the Nikkei business daily said. Under Japanese law, shipping companiesReuters - 299 words
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745 2012-05-24 25 European banks quit or scale back, leaving US$249b funding gap Bloomb erg [HAMBURG] The world’s shipping companies are turning to private equity to help fill a US$249 billion funding gap left by European banks pulling out of ship financing. About US$65 billionBloomberg - 745 words
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Article237 2012-05-24 25 SGX '000 May 23 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.22 unch 60 Cosco Corp 0.89 -0.03 4402 CWT Ltd Vol Ezra Hldgs 0.94 -0.03 4789 First Ship Lea Freight Links Chuan Hup Hldg.... Grand Banks.............unch unch 0 Jaya Hold Ltd 0 89 K1Ventures -0.03 Keppel237 words
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Page 25 Advertisements
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Advertisement13 2012-05-24 25 Ex-trader turns uniquefuneral service provider To subscribe, call 6388-3838 or go to sphsubscription.com.sg13 words
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Page 26 Advertisements
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Advertisement1210 2012-05-24 26 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 Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination1,210 words
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Advertisement880 2012-05-24 26 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 TAIKO FF222 13/05 17/05 19/05 22/05 26/05 02/06 TAMESIS FF223 27/05 29/05 31/05 05/06 12/06 TEXAS FF226 03/06 09/06 12/06 14/06 20/06880 words
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SINGAPORE STOCKS
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Article2450 2012-05-24 27 Transaction date: May 23 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 123 92.5 AIMSAMPIReit --AAT High Low Company Sale ('000) High Low Buyer2,450 words
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Article211 2012-05-24 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 4.6 1.3 t Advanced System 2.3 unch 2549 2.3 2.3 2.2 2.3 30.5 Last Quote Div Gr Yld Net M Cap High211 words
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Article9822 2012-05-24 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund Cl A!** 1.17/ AXA Wealth Mgt S'pore Pte Ltd 0.92/ Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited Asian Local £cy SD Bond ....0.9968/ 1.5963/9,822 words
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Article193 2012-05-24 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46 25.5 Genting HK US$ US31 unch 3848 31 30.5 30.5 31 2041.2 Last 201 168 TanChongInt HK185cd +1 270 185 185 182 185 4.3 3.8193 words
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Article872 2012-05-24 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 96.8 CIMB APAC Div 100US$ US96.8 95.4 96.4 10.2 1261 856 CIMBAsean40 100US$ US958 0 958 958 950 960 150.3 ***** ***** DBXT AUD Bonds872 words
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FINANCE & COMMODITIES
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Article595 2012-05-24 29 May 23 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8715.14 8715.14 8538.69 Jun12 8730.00 8790.00 8535.00 8575.00 ***** *****8 Sep12 8725.00 8770.00 8555.00 8570.00 601 ***** MSCI TAIWAN INDEX FUTURES SPOT 258.22 258.22 254.21 May12 259.40 260.30 253.50 254.90 ***** *****9 Jun12 258.70 259.60595 words
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373 2012-05-24 29 In local curr In S$ In US$ dy yr dy yr dy yr May 22 Index Change Change Change Change Change Change World Preliminary 849.6 1.1 2.4 0.8 -0.4 1.1 1.9 EAFE Preliminary 677.2 1.6 -0.7 1.2 -4.1 1.4 -2.0 Europe Preliminary 1008.1 1.9 -1.8373 words
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Article, Illustration113 2012-05-24 29 As on 22 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1585.10 1573.00 1576.70 18 CURRENCY AUD-USD FUT JUN2012 .9899 .9844 .9821 1486 EUR-USD FUT JUN2012 1.2808 1.2724 1.2719 2362 BASE METAL COPPER FUT JUL2012 7765 7677 7689 2138113 words
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Article107 2012-05-24 29 May 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1382.25 1412.50 1417.75 1375.00 Aug 12 1364.75 1395.75 1400.75 1358.50 Sep 12 1314.75 1345.00 1350.00 1310.50 Nov 12 1282.25 1306.25 1311.00 1271.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 50.46107 words
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Article76 2012-05-24 29 CRUDE OIL PRODUCTS May 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.07 0.81 WTI (Near Mth) 91.23 -1.47 Dubai (1-Mth F) 104.94 0.73 Tapis blend 116.31 0.94 Minas 116.11 0.94 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.33 -0.61 Jet Kerosene 121.46 0.25 US$/barrel OpecOil Basket76 words
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Article23 2012-05-24 29 May 23 S$ S$ Bid Offer 1-month 1.2774 1.2784 2-months 1.2773 1.2783 3-months 1.2772 1.2782 6-months 1.2764 1.2774 Source: OCBC23 words
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Article66 2012-05-24 29 May 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1989.00 2005.25 3 months 2029.00 2047.00 Copper, Grade A(US$/tonne) Cash 7792.00 7790.00 3 months 7739.00 7731.00 Lead(US$/tonne) Cash 1952.25 1928.00 3 months 1965.00 1941.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 366 words
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Article80 2012-05-24 29 May 22 COCOA (£/tonne) Close Prev High/Low Jul 12 1511 1539 1552/1496 Sep 12 1496 1521 1535/1484 Dec 12 1474 1498 1513/1462 Mar 13 1456 1478 1493/1445 COFFEE(US$/tonne) Close Prev High/Low May 12 2165 2131 2156/2111 Jul 12 2203 2162 2217/2142 Sep 12 2190 2147 2204/2135 Nov 12 218280 words
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1215 2012-05-24 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv AlliedTech W*****2 Exer Price Baker Technology Ltd W*****6 1 1 32 22 27.00 6 Best World Intl Ltd W*****5 Biosensors BP ECW*****2 3.8 0.3 145 5 Biosensors1,215 words
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Article470 2012-05-24 29 May 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.997 6.178 0.771 7.577 54.619 90.536 0.775 11.448 3.066 1.301 89.672 42.395 1.247 8.184 0.925 28.849 30.746 0.620 0.976 Canada 1.003 6.199470 words
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Article66 2012-05-24 29 May 23 (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$) 0.***** 2 mths 0.***** 3 mths 6 mths 0.***** 12 mths 0.***** SWAP Mid rates (S$) 0.*****66 words
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Article136 2012-05-24 29 May 23 GOLD(US$/oz) May 23 May 22 Hong Kong 1565.00 1588.00 May 22 May 21 London 1588.95 1589.51 1589.78 1590.28 Source: Thomson Reuters Source: Reuters CAST BAR May 23 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 64 5gm 439 321 10gm136 words
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Article86 2012-05-24 29 May 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 23-Aug-12 0.29 0.23 0.23 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.02 100.05 100.03 5-Year N*****0Z 2.375 01-Apr-17 108.7186 words
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Article57 2012-05-24 29 May 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 3060.0 3110.0 3060.0 3000.0 519 3245 Jul 12 3072.0 3114.0 3077.0 2994.0 9243 ***** Aug 12 3069.0 3110.0 3076.0 2993.0 ***** ***** Aug 12 3062.0 3105.057 words
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Article154 2012-05-24 29 May 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2461 1.2473 0.9755 0.9757 Canadian dollar 1.2501 1.2516 0.9787 0.9790 Euro 1.6171 1.6187 1.2659 1.2662 NZ dollar 0.9574 0.9584 0.7495 0.7497 Sterling pound 2.0100 2.0119 1.5735 1.5738154 words
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Article121 2012-05-24 29 May 23 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.275 1.215 Can dollar 1.277 1.217 Euro 1.653 1.575 Sterling pound 2.049 1.971 NZ dollar 0.985 0.939 US dollar 1.296 1.247 Local dollars to 100 units of foreign121 words
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Article161 2012-05-24 29 May 23 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 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 12161 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration907 2012-05-24 30 AMIT ROY CHOUDHURY - Despite economic woes, global ITO market logs in 7.8% growth, reportsAMIT AMIT ROY CHOUDHURY Despite economic problems in various parts of the world, global IT outsourcing (ITO) revenues were up 7.8 per cent last year at US$246.6 billion (US$228.7 billion in 2010), according to Gartner.907 words
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Article934 2012-05-24 30 G JOSLIN VETHAKUMAR - <you say> By G JOSLIN VETHAKUMAR The author is part of BT’s (British Telecom) Global Bid Management Centre of Excellence Everything is becoming smart these days buildings, power grids and even entire cities. All sparked by technology! Companies and countries with a vision plan well934 words
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290 2012-05-24 30 AMANDA EBER - By AMANDA EBER SINGAPOREANS allocate more than enough time towards career progression everyday, but ironically place such activities at the same level of importance as making their boss a cup of tea. These are among the main findings from research done290 words
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Article, Illustration781 2012-05-24 30 VICTORIA HO - Also, development and design are becoming mixed By VICTORIA HO TRADITIONAL “left-brain” developers should take note: right-brain skills of design and aesthetics are becoming increasingly relevant, according to the head of a Singaporean software house. Tan Choon Ngee, CEO of aZaaS, said the line781 words
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PROPERTY
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482 2012-05-24 31 Proposed building so huge it would be like building a Walmart in the neighbourhood: opponents Reuters [LOS ANGELES] A Saudi prince seeking to build a sprawling mansion in the famous ***** zip code in the mountains above Beverly Hills, a projectReuters - 482 words
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Article1388 2012-05-24 31 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 14 WITH CONTRACT DATES BETWEEN MAR 28 AND APR 3, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED People's Park Cplx Apt 28/03/2012 99 1119 902 806 The Clift Apt 28/03/20121,388 words
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849 2012-05-24 32 Private equity firm to expand chain; both Blackstone, Accor shares up Bloomberg [LONDON] Blackstone Group LP, the New Yorkbased private-equity firm that manages US$48 billion in real estate assets, agreed to buy the Motel 6 lodging chain from Accor SA forBloomberg - 849 words
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329 2012-05-24 32 Bloomberg [TORONTO] Bank of Nova Scotia (Scotiabank), Canada’s third-largest bank, agreed to sell its Scotia Plaza office complex in Toront o f o r C$ 1 (S$1.58 billion) to two real 2 7 b illi o n (S$1.58 billion) to two realBloomberg - 329 words
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Article, Illustration540 2012-05-24 34 Country unlikely to ever build enough homes; shortfall put at 43,000 a year Bloomberg [LONDON] Britain is unlikely to ever develop enough houses and apartments to meet the demand of its population, Housing Minister Grant Shapps said. Britain needs to build around 245,000 residentialBloomberg; BLOOMBERG - 540 words
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Article, Illustration360 2012-05-24 34 Reuters [LONDON] Worsening political and economic turmoil in the eurozone has knocked investment in Europe’s shopping centres and stores to its lowest level since the collapse of Lehman Brothers investment bank in 2008, data showed. European retail property investment fellReuters; BLOOMBERG - 360 words
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Page 31 Advertisements
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Advertisement123 2012-05-24 31 FOR SALE Perth CBD Office Building Suit Owner Occupier or Investor 10 Victoria Avenue, Perth, Western Australia NLA of 1,596sqm* over three levels Secure undercroft car parking Currently leased at AUD $812,068 net p.a. Vacant possession potential in Sep 2012 Rare opportunity for whole or part owner occupation Strong investment123 words
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Advertisement190 2012-05-24 31 Collective Sale of Lam Soon Industrial Building (1) Residential Redevelopment; or (2) Industrial A A (subject to Authority's approval) Huge freehold site; 21,452.7 sm (approx. 230,915 sqft) Regular shape with wide frontage of approx. 200m Master Plan 2008: Residential with plot ratio 1.92 Current Industrial use with GFA of approx.190 words
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Page 32 Advertisements
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Advertisement373 2012-05-24 32 8 Nassim Hill (Luxury Home) 3 storey “Townhouse” Penthouse Freehold. Foreigners eligible Immediate Occupation Private Pool with Lawn Cobroke welcome ReAnne Leu 9183 3547 (Reg. No.: R*****2B) Estate Agent Licence No: L*****01G DTZ Debenham Tie Leung (SEA) Pte Ltd Sites at Amber Road for High-Rise Apartments with Seaviews D15; FH;373 words
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Advertisement331 2012-05-24 32 Rare! Discuss Price with Owner! Freehold 2-Storey Bungalow Broadrick Road Majestic, Quality Finishings Lush Garden with Pool Privacy, Park 15 Cars Land *****/8000sf Near East Coast Park, Marina Bay Gardens! ERA Top 15 Achievers 2011 Riza Lee 9188 1803 Bryan Setho 9062 1168 Australian Property Finance Please call: ERA Division331 words
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Advertisement251 2012-05-24 32 Brand New Warehouse (Annex Blk) (For Lease) Size: Approx. 37,200 sf Excellent corporate image Good ceiling height up to 7m Good floor loading up to 20kN/sm Exclusive use of 2 cargo lifts Ample loading bays Opposite IMM 3 mins drive to Jurong MRT station and bus interchange Close proximity to251 words
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Advertisement51 2012-05-24 33 Hilton Hotel Shaw House Grand Hyatt RD SCOTTS Centrepoint ShoppingCentre Tangs Plaza The Paragon Wheeloc Liat Towers ORCHARD RD ION Orchard PARK Wisma Atria Mandarin Orchard Four Seasons Hotel e Plac k Orchard Central ANGULLIA RD 313 Somerset Ngee Ann City PATERSON Orchard MRT Somerset MRT Overseas Family School GRANGE51 words
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Advertisement48 2012-05-24 34 IG MARKETS Our sentiment indicators show you the percentage of IG clients buying or selling each market DISCOVER OUR INSIGHT PLATFORM IGMARKETS.COM.SG/INSIGHT J CFD trading can result in losses that exceed your initial deposit IG Markets (ACRA No. *****621X] is licensed by the MAS and International Enterprise Singapore48 words
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