The Business Times, 26 February 2013
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2013-02-26
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The Business Times
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Title Section25 2013-02-26 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, February 26, 201325 words
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1248 2013-02-26 1 TEH SHI NING - More manpower pain and a package to ease it Measures to help firms adjust to curbs; progressive property tax regime unveiled By TEH SHI NING [SINGAPORE] Singapore’s economic restructuring intensifies further with Budget 2013, as changes towards a more inclusive society continued apace. Fresh foreign worker curbs across sectors and1,248 words
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885 2013-02-26 1 EDITORIAL MORE economic restructuring, more social inclusiveness; some tough love and lots of heart; some pleasant surprises for companies, heartlanders and the elderly; other less-pleasant ones for multiple property-owners and luxury car enthusiasts. That basically sums up Singapore Budget 2013. In885 words
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Page 1 Advertisements
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Advertisement187 2013-02-26 1 More taxes on costlier homes PAGE 4 BUDGET 2013 An eight-page special of reports and commentaries New landscape for businesses PAGES 6 TO 9 Boosting industry PAGE 10 *****1 *****4 TUDOR HERITAGE BLACK BAY Self-winding mechanical movement, waterproof to 200 m, steel case 41 mm. Visit tudorwatch.com and explore more.187 words
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TOP STORIES
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Article591 2013-02-26 2 More manpower pain and a package to ease it SINGAPORE’S economic restructuring intensifies further with Budget 2013, as changes towards a more inclusive society continued apace. Fresh foreign worker curbs across sectors and skills levels surprised businesses with the degree of tightening implied, but were accompanied by a591 words
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656 2013-02-26 2 ANDREA SOH - New rules meant to promote financial prudence surprise industry players By ANDREA SOH [SINGAPORE] The Monetary Authority of Singapore (MAS) announced financing restrictions on car loans yesterday, catching some car distributors and banks by surprise. Industry observers also tried to work out656 words
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600 2013-02-26 2 MALMINDERJIT SINGH - By MALMINDERJIT SINGH [SINGAPORE] Inflation in Singapore eased to 3.6 per cent in January from 4.3 per cent in December 2012 as a sharp rise in private transportation costs was offset by slides in all other major categories, partly because of base effects. The600 words
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677 2013-02-26 2 RONNIE LIM - By RONNIE LIM [SINGAPORE] Singapore’s newest power station GMR Energy’s $1.2 billion, 800 MW facility starting up on Jurong Island this year-end is set to change hands yet again. This will take the number of owners that it has gone through to well677 words
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MARKETS DIGEST
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Article65 2013-02-26 2 GST INDEX 3,288.76 (+0.63) GST INDEX FUTURES 3,289.00 (+1.00) HSIMSCI 371.11 (-0.18) GSIMSCI FUTURES 371.20 (+0.70) US$ S$ US$ (S$ per US$) 1.238 (US$/S$ per 1.514 1.875 EURO (US$/S$/€) 1.322 1.637 Foreign currency per US$ S$ YEN 94.10 76.00 RM 3.100 2.503 HK$ 7.756 6.265 BAHT 29.86 24.11 RUPIAH65 words
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Article47 2013-02-26 2 Monday Change KL COMP 1,627.35 +5.27 NIKKEI 225 11,662.52 +276.58 HANG SENG 22,820.08 +37.64 SET INDEX Closed JAKARTA COMP 4,696.11 +44.98 MANILA COMP 6,721.33 +56.27 SEOUL COMP 2,009.52 -9.37 SHENZHEN B 817.14 -2.30 MUMBAI IND 19,331.69 +14.68 11am EST Change DOW 13,998.88 -1.69 NASDAQ 3,169.02 +7.2047 words
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Article18 2013-02-26 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.400 TAIWAN 5 036 JAPAN 1.475 Source: Bloomberg18 words
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Page 2 Advertisements
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Advertisement372 2013-02-26 2 2013 Ernst Young Solutions LLP. All Rights Reserved. et Tuesday, 12 March 2013 9:00 a.m. to 5:30 p.m. (Registration begins at 8:30 am) Raffles City Convention Centre Fairmont Ballroom, Level 4 80 Bras Basah Road Singapore *****2 How will the Budget 2013 proposals impact you and your business? Join us372 words
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Page 3 Advertisements
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Advertisement168 2013-02-26 3 ODBC CYCLE SINGAPORE ANYONE CAN RIDE SINGAPORE SPORTS AWARDS 12 BEST SPORTS EVENT OF THE YEAR (LOCAL) CYCLE FOR A CAUSE Sign up today for The Business Times Charity Challenge (39km) at OCBC Cycle Singapore 2013! After deducting the admin cost, the registration fee is donated to Dover Park Hospice168 words
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BUDGET 2013: PROGRESSIVE TAXES
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Article, Illustration901 2013-02-26 4 MINDY TAN - Non owner-occupied premises will see the highest rates in property taxes By MINDY TAN OWNERS of high-end homes will face higher taxes, with investment properties bearing the brunt of the increase. In a shift towards a more progressive tax structure, the tax bandPHOTO: YEN MENG JIIN - 901 words
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Article, Illustration701 2013-02-26 4 SAMUEL EE - Models with OMV above $20,000 to pay 140% or 180% in registration taxes By SAMUEL EE BUYERS of expensive cars face a hefty hike in registration taxes, while owners of commercial vehicles will get some help. Still, new car owners will feel the biggest701 words
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Article920 2013-02-26 4 DAVID SANDISON - COMMENTARY By DAVID SANDISON The writer is partner, PwC Services LLP IT was clear early on that this year’s Budget was not going to be of significant interest from a technical tax perspective (unfortunately, as Tom Jones would have said, that’s not unusual). On the920 words
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518 2013-02-26 4 JASMINE NG - By JASMINE NG THE increase in “wealth tax” for high-end homes in this year’s Budget will not have significant impact on the property sector here, said Finance Minister Tharman Shanmugaratnam yesterday. “I don’t think (the higher taxes) will impact the property518 words
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Page 5 Advertisements
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Advertisement73 2013-02-26 5 BANK OF THE YEAR i m u sir A 1 We strive nm Jb 3 \.J I l ..m'IIJ I .-yciu M tiO m in Qi II III m in m m iai -V III 'ill :o m III IK i\ < rs*,, I viv m CORPORATE INVESTMENT RANKING WEALTH73 words
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BUDGET 2013: RESTRUCTURING BUSINESSES
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Article, Illustration1042 2013-02-26 6 CHUANG PECK MING - Qualification criteria for S Passes to be tightened, qualifying pay to be increased By CHUANG PECK MING FURTHER curbs on foreign workers were unveiled yesterday in the push for higher productivity growth. Deputy Prime Minister Tharman Shanmugaratnam said in delivering the government’sFILE PHOTO - 1,042 words
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Article, Illustration452 2013-02-26 6 MALMINDERJIT SINGH - By MALMINDERJIT SINGH EVEN though the Budget included measures to help companies cope with the economy’s restructuring and a difficult business environment, some companies feel that these may not be enough. Von Lee, chairman of Expand Construction, said that the measures452 words
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Article, Illustration538 2013-02-26 6 MALMINDERJIT SINGH - Deferring payment of tax more helpful: Sakae CEO By MALMINDERJIT SINGH CASH flow was one of the key challenges facing SMEs here and this year’s budget has attempted to help businesses in this area, observers said. Douglas Foo, CEO of Sakae Holdings, pointedFILE PHOTO - 538 words
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789 2013-02-26 6 RUSSELL AUBREY, SANDIE WUN - COMMENTARY By RUSSELL AUBREY, SANDIE WUN Russell Aubrey is Asean leader Transaction Tax; and Sandie Wun is associate director, Transaction Tax at Ernst Young Solutions LLP FOR more than two decades since 1980, Singapore had increased productivity by bringing in foreign direct investment from789 words
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Article, Illustration757 2013-02-26 7 CAI HAOXIANG - Firms may have to show they looked at locals before hiring foreigners on EP By CAI HAOXIANG FIRMS planning to hire high-skilled foreigners on Employment Passes (EPs) might one day need to show they have tried to hire Singaporeans first. This might entailPHOTO: BLOOMBERG - 757 words
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887 2013-02-26 7 PRASENJIT K BASU - A temporary 3 percentage-point cut in the GST would have been an elegant solution at helping to reduce prices COMMENTARY By PRASENJIT K BASU The writer is CEO of Maybank Kim Eng Research Pte Ltd. The views expressed in this article are887 words
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442 2013-02-26 7 MALMINDERJIT SINGH - By MALMINDERJIT SINGH THE government’s proposal to co-fund 40 per cent of wage increases for Singaporean employees over three years may help companies overcome cost constraints to pay their workers better salaries and allow Singaporeans to earn higher incomes. But one business-owner here feels442 words
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1036 2013-02-26 8 FELDA CHAY - Wage Credit Scheme, cash-for-productivity investments and corporate tax rebates will provide significant support, but loss-making businesses will lose out By FELDA CHAY A $5 billion package aimed at helping firms here move along with Singapore’s productivity drive will see the government co-fund wage1,036 words
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831 2013-02-26 8 FELDA CHAY - By FELDA CHAY MANY issues faced by small- and medium-sized enterprises (SMEs) here were addressed yesterday, with the government announcing a slew of plans that include providing help to companies that choose to relocate some of their operations offshore, and making it easier831 words
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Article, Illustration720 2013-02-26 8 LEONG KAIWEN, LI HUAILU - Direct real impact of SME policies They’re well formulated to tackle the essential cost challenges facing firms COMMENTARY By LEONG KAIWEN, LI HUAILU The writers are, respectively, assistant professor of economics and visiting graduate student, Nanyang Technological University THE No 1 challenge that Singapore’s SMEs have encountered in recent yearsPHOTO: YEN MENG JIIN - 720 words
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Article, Illustration648 2013-02-26 9 ONG CHOR HAO - Move meant to help low-wage workers with retirement, medical needs By ONG CHOR HAO EMPLOYERS are staring at an $83 million increase in labour costs as they will have to bump up their Central Provident Fund (CPF) contributions for low-wagePHOTO: MARK CHEONG / THE STRAITS TIMES - 648 words
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720 2013-02-26 9 TAY HONG BENG - COMMENTARY By TAY HONG BENG The writer is head of tax, KPMG in Singapore FOR the small and mediumsized enterprises (SMEs) that are the lifeblood of Singapore’s economy, the message in this year’s Budget announcement couldn’t have been clearer: There will be no720 words
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432 2013-02-26 9 MALMINDERJIT SINGH - It singles out govt’s co-funding of S’poreans’ pay hike By MALMINDERJIT SINGH AMONG businesses which have welcomed the measures in the Budget aimed at defraying their costs is Singapore-based IT consulting and services company Thakral One. Its spokesman told The Business Times that432 words
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Page 7 Advertisements
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Advertisement153 2013-02-26 7 Striking the right balance PwC Budget Seminar 2013 Date: Friday, 1 March 2013 Time: 9.00am 5.00pm (registration from 8.30am) Venue: Pan Pacific Hotel Fee: S$230 (PwC clients/alumni), S$280 (Public) Fee includes lunch, seminar materials and 7% GST Panellists Dr Amitendu Palit, Head (Development Programmes) Institute of South Asian Studies, National153 words
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Page 9 Advertisements
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Advertisement116 2013-02-26 9 Leading through uncertainty Seminar on Budget 2013 Friday, 8 March 2013 9:00 am to 1:30 pm The Fullerton Hotel Singapore Join us as Tax partners from Deloitte Singapore, together with Song Seng Wun, Regional Economist from CIMB-GK Research, analyse and share their insights on this year's budget announcements and the116 words
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BUDGET 2013: BOOSTING INDUSTRY
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Article, Illustration869 2013-02-26 10 SIOW LI SEN - Concessionary tax rates will be extended for five years to Dec 2018 By SIOW LI SEN THE government has extended concessionary tax rates for financial services to ensure that Singapore remains an attractive financial centre. It also gave boosts to the bond market and offshore specialisedPHOTO: YEN MENG JIIN - 869 words
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721 2013-02-26 10 LYNN KAN - Satellite sector, data analytics among new growth areas By LYNN KAN EVEN as the government broke out measures to restructure the economy, Budget 2013 revealed support for nascent sectors satellite technology and data analytics that promise to power Singapore’s growth and job creation in manufacturing721 words
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673 2013-02-26 10 CHAN HUANG CHAY, YAP HSIEN YEW - COMMENTARY By CHAN HUANG CHAY, YAP HSIEN YEW The writers are, respectively, tax partner and senior tax manager at Deloitte Singapore IN his speech, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam stressed the need to intensify economic restructuring to achieve quality growth. Below are673 words
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BUDGET 2013: HELPING SINGAPOREANS
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Article, Illustration699 2013-02-26 11 LEE U-WEN - Those aged above 60 yrs will enjoy larger 50% rebate, with $1,500 cap By LEE U-WEN ALL 1.3 million resident taxpayers in Singapore will enjoy a personal income tax rebate this year, with a larger rebate going to those aged above 60 years. ThePHOTO: YEN MENG JIIN - 699 words
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Article, Illustration694 2013-02-26 11 LEE U-WEN - Older S’poreans to get help on medical bills, $200m top-up to Medisave By LEE U-WEN A SIX-YEAR-OLD scheme aimed at supplementing the wages and retirement savings of older, low-wage workers and encouraging them to stay employed is to be beefed up this year. The WorkfareFILE PHOTO - 694 words
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699 2013-02-26 11 ANNA TEO - COMMENTARY By ANNA TEO IT IS significant but no surprise that a sizeable chunk of Singapore’s 2013 Budget is devoted to fostering “a fair and more inclusive” society. After all, despite a policy focus on the lower-income segments of society in recent699 words
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BUDGET 2013: BUDGET BOOK
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Article, Illustration537 2013-02-26 12 NISHA RAMCHANDANI - Expenditure on education, health, defence and transport go up By NISHA RAMCHANDANI THE government is estimating an overall Budget surplus of $2.42 billion for FY2013, which is lower than FY2012’s revised surplus figure of $3.86 billion. At $55.03 billion, operating revenue for FY13 isSource: Ministry of Finance; PHOTO: YEN MENG JIIN - 537 words
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Article, Illustration584 2013-02-26 12 NISHA RAMCHANDANI - Property stamp duties also help with nearly 3 times govt estimate of $1.27b By NISHA RAMCHANDANI BOLSTERED by higher revenue from stamp duty collections and vehicle-quota premiums, Singapore’s overall budget surplus for FY2012 has been revised to $3.86 billion, about three times the earlierFILE PHOTO; Source: MOF - 584 words
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374 2013-02-26 12 TEO SI JIA - Speech appearance on website delayed; Twitter feeds stop By TEO SI JIA TECHNICAL issues hobbled the unveiling of the text of the Singapore Budget 2013 yesterday. The speech, which was supposed to have been available online on the Singapore Budget website after its374 words
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Article93 2013-02-26 12 While major investments tend to hog the headlines, here’s a quick snapshot of some other interesting projects that were undertaken in FY12 and how much they cost. IHalf-height platform screen doors for elevated MRT stations: $34.48 million IRetrofitting of seat belts in mini-buses: $3.18 million IEnergy emissions statistics93 words
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COMPANY NEWS
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344 2013-02-26 13 KENNETH LIM - By KENNETH LIM THE Government of Singapore Investment Corp (GIC) plans to sell a 12.5 per cent stake in high-end warehouse developer Global Logistic Properties (GLP) to raise up to $1.6 billion, market sources confirmed with The344 words
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Article488 2013-02-26 13 JOYCE HOOI - It proposes 1-for-10 bonus issue and sets up group investment office to grow funds business By JOYCE HOOI ARA Asset Management (ARA) posted a 33 per cent leap in fourth-quarter net profit to $17.7 million and proposed a one-for-10 bonus share issue yesterday. The488 words
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487 2013-02-26 13 Bloomberg [TOKYO] GLP J-Reit, which has risen more than 20 per cent since its initial public offering in December in Tokyo, expects demand for warehouses in Japan to remain strong with a shortage of modern distribution centres. A b ou t 1Bloomberg - 487 words
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Article465 2013-02-26 13 Full year and Q4 results ended Dec 2012 Full year ended December 2012 Q4 ended December 2012 NET PROFIT (S$M) TURNOVER (S$M) COMPANY CURRENT PREVIOUS CHG CURRENT PREVIOUS CHG Wilmar Intl 1,534.60 1,956.71 -21.6 55,569.93 54,649.07 1.7 582.74 611.16 -4.7 14,207.38 14,079.27 0.9 Yangzijiang 702.55 780.21 -10.0465 words
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472 2013-02-26 13 CARINE LEE - Full-year earnings double even as revenue slips 36.3% By CARINE LEE RIDING on a $38.74 million fair-value gain on investment properties, Heeton Holdings’ fourth-quarter net profit leapt more than six-fold to $41.6 million from $5.4 million a year ago. Heeton, whose turnover comprises472 words
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404 2013-02-26 15 ANDREA SOH - Adverse factors also include higher finance costs, share of associates’ losses By ANDREA SOH IN spite of higher revenues last year, hospitality and property group Overseas Union Enterprise (OUE) had its earnings eroded by substantially higher finance expenses and lower fair-value404 words
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295 2013-02-26 15 ANGELA TENG - Revenue rises 13% due to growth in its core business By ANGELA TENG ASIAMEDIC Ltd posted a net profit of $81,000 for the full financial year ended Dec 31, 2012, rebounding from a loss of $806,000 a year ago. Revenue increased295 words
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Article, Illustration458 2013-02-26 15 MARIA MALA YOGALINGAM - By MARIA MALA YOGALINGAM RAFFLES Medical Group’s cashflow of $102.5 million as at last Dec 31 will enable the group to expand its business in the local and overseas markets. Executive chairman Loo Choon Yong said: “We’re expanding these hospitals, so we use the458 words
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Article, Illustration296 2013-02-26 15 LEE MEIXIAN - By LEE MEIXIAN YING Li International Real Estate Ltd yesterday named former Economic Development Board (EDB) managing director Ko Kheng Hwa as its new group chief executive officer and executive director. Mr Ko, whose appointment takes effect on March 1, willFILE PHOTO - 296 words
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COMPANY BRIEFS
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72 2013-02-26 15 GLOBAL Logistic Properties (GLP) Ltd has signed approximately 19,000 sq m of new leases with two third-party logistics providers in Xi’an in north-western China. The logistics facilities provider yesterday said its GLP Park Xi’an Hi-Tech will be fully leased upon completion.72 words
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Article116 2013-02-26 15 ARMSTRONG Industrial’s net profit for the fiscal fourth quarter ended Dec 31, 2012 rose 57.3 per cent year on year to $1.42 million, on a 5.9 per cent rise turnover to $52.13 million. Gross profit, which rose 42 per cent year on year to116 words
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105 2013-02-26 15 ZAGRO Asia Ltd, a manufacturer and distributor of crop care, animal health and public health products, saw its net profit for the fiscal year ended Dec 31, 2012 slip 14 per cent to $8.4 million, or 3.25 cents per share, from $9.73 million, or105 words
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84 2013-02-26 15 CHINA XLX Fertiliser Ltd posted a 30.54 million yuan (S$6 million) net profit for the fourth quarter ended Dec 31, 2012, up from 28.06 million yuan a year earlier. Revenue rose 8 per cent to 874.83 million yuan, from 807.52 million yuan. For84 words
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99 2013-02-26 15 CORDLIFE Group has signed a deal with a unit of CellResearch Corp to provide services related to cord tissue banking, the firm said yesterday. The pact will enable Cordlife to broaden its service offering into cord tissue banking. Under the agreement, Cordlife and99 words
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68 2013-02-26 15 GROCERIES and household supplies firm Hanwell Holdings sank into a net loss of $25.4 million for the full year ended Dec 31, 2012, from a net profit of $4.5 million in the preceding year. This was due to higher “other expenses”, higher68 words
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Page 13 Advertisements
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Advertisement407 2013-02-26 13 Get Substance the UBS House View, the proprietary report from our Chief Investment Office. Go to www.ubs.com/investment-ideas or scan the QR code with your smartphone. H m is Chinese stocks are undervalued. Is your portfolio positioned for the bounce back Please contact your UBS client advisor, or call +65 *****772407 words
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SINGAPORE MARKETS
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Article, Illustration580 2013-02-26 14 R SIVANITHY - But ST Index moves within a narrow band before finishing barely one point higher STOCKS R SIVANITHY Senior Correspondent Rotational punting of penny stocks and a range-bound Straits Times Index dominated trading yesterday. New names that topped the actives list included Annica, SingXpress and OceanusSource: Bloomberg - 580 words
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Article73 2013-02-26 14 Feb 25 VALUE CLOSE BT OB/OS 396.0 +201.0 BT CADI -*****.00 +42.00 BT 10-day MA -*****.00 +39.00 FTSE ST Mid Cap 816.92 +1.12 FTSE ST Small Cap 577.17 +0.93 FTSE ST All Share 811.11 +0.39 FTSE ST China Top 229.30 -1.13 FTSE ST China 260.09 -1.52 FTSE73 words
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Article54 2013-02-26 14 VOLUME Annica 430,323,000 Oceanus 314,085,000 SingXpress 275,488,000 IPCO Intl 273,472,000 Lereno 229,798,000 YHM 183,200,000 LH Grp 165,968,000 Vallianz Hldgs 159,734,000 Rowsley 156,919,000 Compact 154,453,000 VALUE($) Genting SP 88,017,740 Wilmar 70,243,638 Rowsley 63,280,820 SingTel 51,746,671 SembMar 46,401,690 Golden Agri 42,472,375 Baker Tech 41,224,500 DBS Grp 40,688,252 UOB 36,757,44054 words
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Article186 2013-02-26 14 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 3 0 0 0 7 6 3 Manufacturing 57 62 43 13 7 8 70 69 51 Commerce 27 19 24 4 4 3 31 23 27 Tpt/Stor/Comms 17 17 6186 words
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Article123 2013-02-26 14 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 159,706 159,706 77,171 77,171 Manufacturing 1,227,333 1,069,445 2,296,778 368,686 27,353 396,038 Commerce 632,787 219,175 851,962 128,389 17,948 146,337 Tpt/Stor/Comms 130,689 18,064 148,753 156,633 6,425 163,058 Finance 84,577 3,786 88,363 161,440 1,855 163,295 Construction 409,441 184,591123 words
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Article1044 2013-02-26 14 KENNETH LIM - Compiled by KENNETH LIM Neptune Orient Lines Feb 25 close: S$1.215 DBS Vickers Research, Feb 25 WHILE we were expecting Neptune Orient Lines (NOL) to report a net loss in Q4 2012, the magnitude of the loss was higher than expected at US$98 million, as rates slid faster1,044 words
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Article110 2013-02-26 14 Stock name Close Change CapMallsAsia 2.090 CapitaLand 3.920 +0.010 CapitaMall 2.140 -0.020 CityDev 11.350 +0.120 ComfortDelGro 1.900 -0.025 DBS Grp 15.240 +0.050 F&N 9.440 GLP 2.750 +0.050 Genting SP 1.585 +0.030 Golden Agri 0.645 -0.005 HK Land 7.750 -0.010 IHH Healthcare 1.345 +0.010 JMH 63.750 +0.250110 words
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Article, Illustration485 2013-02-26 14 CURRENCIES Bloomberg [LONDON] The yen yesterday dropped to the weakest level since May 2010 against the US dollar on speculation that Prime Minister Shinzo Abe will select Haruhiko Kuroda to be the next central bank governor, seen as a supporter of aggressiveBloomberg; PHOTO: BLOOMBERG - 485 words
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Article108 2013-02-26 14 BY CENTS CLOSE UP JSH 3850 50.8 1.1 GLD 10US$ ***** 48.3 0.3 DBXT FTVietnam 10US$ 2581 47.0 1.5 JMH 6375 31.0 0.4 DBXT MSINDO 10us$ 1651 27.2 1.4 DBXT Nifty 10US$ ***** 21.1 0.2 Hyflux 6% CPS 10 ***** 18.0 0.2 UOI 418 18.0 4.5 CIMBAsean40 100US$ 1128108 words
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Article125 2013-02-26 14 BY CENTS CLOSE DOWN UOB 5.05%NCPS 100 ***** -29.0 -0.3 Jardine C&C 5154 -26.0 -0.5 DairyFarm 1324 -23.5 -1.4 DBXT S&P Short 10US$ 3267 -16.1 -0.4 DBXT MSAsExJp 10US$ 3367 -13.6 -0.3 OCBC Bk 5.1%NCPS 100 ***** -10.0 -0.1 DBXT MSTHAI 10US$ 2232 -9.9 -0.4 Wilmar 354 -9.0 -2.5125 words
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Advertisement49 2013-02-26 15 Uj budget tour Planners Beyond Expectations Discovertheworldwith Budget Tour Planners We offer customised itineraries that go beyond Tel: 6737 1811 Email: sales@budget-tours.com.sg 51 Cuppage Road, #06-17, Singapore *****9 O Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices BSATsaV"* NOTICES CLA/FEB1 1/g49 words
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Advertisement347 2013-02-26 15 leaning of the Numbers 11 Noble level Buy Vol Buy Price Scl Price 1.200 1.20$ I 1.210 1.21SW 1.220 1.22$ 1.230 554 1.235 B 296 i SembMer--Quote Movement p Ecu- -Time Sales L SL 1,244 2,067 1,735 1,557 r 09:50:58 09:50:58 J 09:50:47 Jj 09:47:33 09:46:02 09:43:45 09:42:05 ~1*> I347 words
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Advertisement14 2013-02-26 15 Who's Who in Private Banking A 22-page special supplement with The Business Times tomorrow14 words
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SINGAPORE NEWS
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648 2013-02-26 16 GRACE LEONG - He sought return of $600,000 payment to AMW out of anger, says counsel By GRACE LEONG ROYAL Brothers Group co-founder Asok Kumar Naraindas has dropped his counter-claim of $600,000, which he said was paid in settlement of a dispute with a partner over its648 words
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452 2013-02-26 16 DEBBIE YONG - By DEBBIE YONG THE restaurant industry has spoken and it has picked the best among its peers in Asia. The region’s top chefs and restaurants were recognised at yesterday’s launch of the inaugural Asia’s 50 Best Restaurants List at the Marina452 words
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342 2013-02-26 16 LYNN KAN - YESTERDAY IN PARLIAMENT By LYNN KAN SINGAPORE does not find it meaningful to track a “specific factor” like the number of companies which exit or downsize their operations here. Responding to questions from Nominated MP Tan Su Shan, Minister for Trade and Industry342 words
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PARLIAMENT BRIEFS
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150 2013-02-26 16 THE Ministry of Manpower, along with NTUC and the Singapore National Employers Federation, has encouraged greater labour participation among mature workers and economically inactive Singaporeans. Since Advantage! was introduced in 2005 to encourage re-employment of older workers, 3,500 companies received almost $57 million150 words
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106 2013-02-26 16 THE proportion of households with HDB loans in mortgage arrears of three months or more has decreased over the past three years. The proportion has declined from 6 per cent (22,900 cases) at the end of 2010, to 5.6 per cent (20,400 cases) in106 words
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Page 16 Advertisements
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Advertisement39 2013-02-26 16 BE EMPOWERED BEFORE YOU r enter INTO AN INSURANCE CONTRACT Insurance can be a double-edged sword. So be equipped with unbiased perspectives to make a more informed decision, BTINVEST.COM.SG>, PROPERTY I MARKETS I WEALTH I NSURANCE I PERSONAL FINANCE39 words
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PRODUCTIVITY MATTERS
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Article, Illustration1596 2013-02-26 17 LYNN KAN - But firms need to address certain issues such as technology adoption and how to retain talent and knowledge, reports ACCOUNTANCY LYNN KAN SINGAPORE’S accountancy sector is gearing up for a transformation in the run-up to 2020, but to get there, accounting firms needFILE PHOTO; PHOTO: ACRA; PHOTO: SAC; PHOTO: ICPAS - 1,596 words
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SME Inc
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Article, Illustration1056 2013-02-26 18 FELDA CHAY - Goodland’s move into property development created jobs for itself, writesFELDA FELDA CHAY THE trend of construction firms moving into property development may seem like a relatively recent one, but the Goodland Group made the move 20 years ago, in 1993. The Catalist-listed firm used to confine itself toPHOTOS: GOODLAND GROUP - 1,056 words
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Article342 2013-02-26 18 FELDA CHAY - By FELDA CHAY GOODLAND Group reached a milestone recently, when it clinched a deal with KBS Construction (Myanmar) to develop two residential properties there. The deal is said to have generated buzz among Singapore property developers, with Goodland said to be the first foreign developer in342 words
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Article, Illustration1027 2013-02-26 19 CHIA WAI MUN - THE VIEW FROM NTU PROFESSORS By CHIA WAI MUN The writer is an assistant professor of economics at Nanyang Technological University and acknowledges the contribution ofNTU student Poh Wen Eng for this article OVER the past 20 years, emerging market economies have experienced three largeFILE PHOTO - 1,027 words
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Page 18 Advertisements
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Advertisement96 2013-02-26 18 FOCUS ON YOUR REAL BUSINESS. Ninety-nine percent of companies in Singapore are SMEs* with at least one-third seeking to trim operating cost by outsourcing their accounting, taxation and payroll needs. Intime Accounting Pte Ltd specialise and have the appropriate resources and expertise to help you achieve high level of accuracy,96 words
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Advertisement116 2013-02-26 18 SINGAPORE n 100 GREATEST U.S. COURSES BEST SHOTS CONSISTENTLY i > 5MOVESTO SOLID CONTACT TWO-PUTT THE MONSTERS 18 TIPS FOR MORE DISTANCE 6 POWER DRIVERS HSBC WOMENS CHAMPIONS BOLFIN DANANG V <* I'liii’iti-i *********** TAKE PART IN THE NIKE OPEN 2013! Try out the latest VR_S Covert driver while enjoying116 words
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Page 19 Advertisements
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Advertisement139 2013-02-26 19 p "PRISM helped raise our output per worker by 30% It’s a great productivity solution for our company.” SIMON YIM GENERAL MANAGER, MAKING ASIA PTE LTD mi--.a’M,, PRISM helped machine tools supplier, Makino Asia Pte Ltd, achieve greater efficiency by equipping them with productivity tools and skills that enabled them139 words
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MALAYSIA/INDONESIA
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Article, Illustration505 2013-02-26 20 PAULINE NG - Sited on 40 acres near Second Penang Bridge, it’s seen as a tourist magnet By PAULINE NG in Kuala Lumpur A PREMIUM Outlet on 40 acres is being planned on the Penang mainland at Batu Kawan, a previous backwater being rapidly transformed inPHOTO: BLOOMBERG - 505 words
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298 2013-02-26 20 Reuters [KUALA LUMPUR] CIMB Group Holdings, South-east Asia’s fifth-largest lender by assets, posted a 4.5 per cent decline in fourth-quar-ter net profit, dragged down by a weaker performance in its investment segment and costs related to acquisitions. Malaysia’s second-larg-est bank said inReuters - 298 words
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429 2013-02-26 20 Reuters [JAKARTA] Indonesian policymakers are eyeing the lightly regulated, burgeoning consumer and retail sectors the mainstay of South-east Asia’s largest economy as they seek to lift tax revenue as well as build up local investment and manufacturing. The government has made rules thatReuters - 429 words
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Page 20 Advertisements
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Advertisement189 2013-02-26 20 www.stjobs.sg 600,000 jobseekers Kl r Hire Mr Right. f: (Iia\ IF?,/.% ate/ CROSS'* 5 Awarded Best in Cross Media Advertising (Silver) for Asian Digital Media Awards 2012 STJOBS No.l Download our Apps: Hire your ideal employee through STJobs. You can't go wrong when the system is so right: Effective coverage189 words
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GREATER CHINA/INDIA
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436 2013-02-26 21 Chinese economy still on track for gradual recovery AFP [SHANGHAI] China’s manufacturing growth hit a four-month low in February but remained positive, British banking giant HSBC said yesterday, noting that the world’s second-biggest economy was still recovering slowly. The bank’s seasonally adjusted preliminary purchasing managers’AFP - 436 words
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503 2013-02-26 21 Bloomberg [BEIJING] China, the world’s second-biggest oil consumer, increased fuel prices for the first time since September after the cost of imported crude rose. The maximum that petrol can be sold to motorists will advance by 300 yuan (S$59.5) a metricBloomberg - 503 words
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Article, Illustration311 2013-02-26 21 AFP [BARCELONA] China’s Huawei, the No 3 smartphone maker behind giants Samsung and Apple, has unveiled a new mobile phone, the Ascend P2, which it claims is the fastest in the world. Sharp-cornered and thinner than a pencil at 8.4 mm, the company said onAFP - 311 words
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Article, Illustration706 2013-02-26 21 It uses deposits from urban areas to lend to farmers and low-income people Reuters [MUMBAI] India’s Ratnakar Bank has ventured where few deposit-taking lenders have gone before. The private equity backed company, whose top ranks are now filled with pros from WallReuters; PHOTO: REUTERS - 706 words
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195 2013-02-26 21 AP [BEIJING] KFC launched a campaign yesterday to rebuild its battered brand in China, promising tighter quality control after a scandal over misuse of drugs by its poultry suppliers. The company, a unit of Yum Brands Inc, promised to test meat forAP - 195 words
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Page 21 Advertisements
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Advertisement60 2013-02-26 21 ICISS92 fm I Get the iconic YSL Muse Bowler bag you always wanted. Tune in to Kiss92 to find out how to make this yours! PARTNER R E E B O N Z REEBONZ.COM Kiss us always! like us on D facebook.com/kiss92fm follow us on 0kiss92fm www.kiss92.sg DOWNLOAD THE KISS9260 words
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ECONOMY WATCH
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Article, Illustration863 2013-02-26 22 Fed laying groundwork for eventual reversal of ultra-easy policies; officials starting to debate openly Re uters [NEW YORK] Federal Reserve chairman Ben Bernanke is preparing for a most sensitive task: telling jittery investors who have grown accustomed to the US central bank’s ultra-easyReuters; PHOTO: AFP - 863 words
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Article, Illustration741 2013-02-26 22 Austerity scheme has contributed to its economic malaise NYT [LONDON] At the root of Moody’s decision to downgrade Britain’s credit rating is a crucial economic reality: Britain has begun to trail its peers in Europe even bailed-out eurozone economies when it comes to bringingNYT; PHOTO: BLOOMBERG - 741 words
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538 2013-02-26 22 Reuters [LONDON] Britain’s faltering economy will take another hit from declining UK North Sea oil production this year before a mini-re-covery takes hold in 2014, removing a handbrake on the country’s growth in the medium term. Waning North Sea oil productionReuters - 538 words
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420 2013-02-26 22 Reuters [SAO PAULO] Brazil’s central bank sets monetary policy based upon inflation, not any economic growth target, bank president Alexandre Tombini said in an interview published to the Wall Street Journal’s website on Sunday, as expectations mounted of a possible interest rate hike thisReuters - 420 words
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Page 22 Advertisements
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Advertisement12 2013-02-26 22 o n i:dn nmm 0 $1000$ iPad mini^ J3JSQR Code TWif'lf blog.omy.sg/use-mandarin12 words
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Advertisement58 2013-02-26 22 CALLING ALL BUSINESS OWNERS! 2013 CONSUMER ELECTRONICS 1 LIFESTYLE FAIR' N 1 24-26 May 2013 Singapore Expo Hall 6 Looking for a way to reach more than 120,000 potential customers? m •4:' 1 A For more information, please contact Ms Adeline Goh (9681 8289) gohtna@sph.com.sg Mr Frankie Slow (9046 3323)58 words
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WORLD
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768 2013-02-26 23 This puts them at risk of losing out to US rivals boosting acquisitions Bloomberg [LONDON] European companies are hoarding more than three times the cash they held a decade ago as the region heads for a second year of recession, putting themBloomberg - 768 words
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Article, Illustration861 2013-02-26 23 AP [LOS ANGELES] Ben Affleck’s Argo, the story of how Hollywood, Canada and the CIA teamed up to rescue six Americans during the Iranian hostage crisis, has earned best picture at the 85th Academy Awards. From the White House, First LadyAP; PHOTOS: AP, REUTERS - 861 words
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530 2013-02-26 23 AP [STOCKHOLM] Swedish furniture giant Ikea was drawn into Europe’s widening food labelling scandal yesterday as the authorities said that they had detected horse meat in frozen meatballs labelled as beef and pork and sold in 13 countries across the continent. TheAP - 530 words
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444 2013-02-26 23 Revenues for mobile operators amounted to US$1t last year AFP [BARCELONA] The US$1 trillion global mobile industry predicted yesterday a boom in subscribers to four billion people by 2018 as the world’s largest mobile fair opened in Barcelona, Spain. Already, 3.2 billion peopleAFP - 444 words
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Article, Illustration1127 2013-02-26 24 Risks high but hard to guess as people may not feel impact of cuts for months Reuters [WASHINGTON] Devastating, unthinkable, shameful, brutal, disastrous. These are just a few of the adjectives used by US lawmakers, officials and President Barack Obama toReuters; PHOTO: AFP - 1,127 words
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380 2013-02-26 24 Reu ters [WASHINGTON] Likely government budget cuts and the prospect for messy political fights over fiscal policy will weigh on the US economy this year and hold growth to a tepid 2.4 percent, according to a survey of forecasters published yesterday. The National AssociationReuters - 380 words
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427 2013-02-26 24 NYT [PARIS] Only a few weeks after the French Constitutional Council rejected one new tax idea a 75 per cent levy on annual incomes of more than one million euros (S$ 1.6 million) another began percolating through the halls of theNYT - 427 words
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Article, Illustration509 2013-02-26 24 Reuters [NICOSIA] Cypriot presi-dent-elect Nicos Anastasiades faces weeks of difficult talks with foreign lenders on a financial rescue for the island nation after sweeping to a resounding victory in a run-off election on Sunday. Eight months of inconclusive talks on a bailout package have turnedReuters - 509 words
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635 2013-02-26 25 EU’s woes have crushed energy demand but have left big utilities short of cash: report Reuters [BRUSSELS] Economic crisis has bought time to tackle the problem of unreliable and costly European power but raised the risk that no one will pick up a oneReuters - 635 words
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Article, Illustration748 2013-02-26 25 Bloomb erg [SINGAPORE] The Australian dollar’s strength will force the central bank to cut borrowing costs to an all-time low this year to counter the currency’s drag on the economy, according to three of the four largest lenders. Australia New Zealand BankingBloomberg; PHOTO: BLOOMBERG - 748 words
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306 2013-02-26 25 Bloomberg [LONDON] The quality of UK government data must be improved, lawmakers said, after the Bank of England and the Office for Budget Responsibility rated the standard of figures from the Office for National Statistics as “poor”. The misuse of statistics by ministers, the earlyBloomberg - 306 words
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Article, Illustration354 2013-02-26 25 Bloomberg [WASHINGTON] Federal Reserve Bank of Boston President Eric Rosengren said regulators should require the largest US banks to hold more capital because the government may be unable to rescue them in another financial crisis. “Minimum standards for large institutions mayBloomberg - 354 words
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493 2013-02-26 25 AFP [NEW ORLEANS] Billions of dollars are at stake at the complex trial, which opened yesterday, to determine how much BP should pay for the devastating 2010 Gulf of Mexico oil spill. The British energy giant has already settledAFP - 493 words
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Article, Illustration653 2013-02-26 26 Park Geun-Hye hints strongly that she would seek to rein in giant ‘chaebols’ AFP Reuters [SEOUL] South Korea’s new president hinted strongly yesterday that she would seek to rein in the powerful conglomerates that dominate the national economy and have been accused of stiflingAFP; Reuters; PHOTO: AFP - 653 words
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764 2013-02-26 26 Impact will be short lived and swell govt debt: economists Reu ters [TOKYO] What do you buy the nation that already seems to have everything? That is the question facing Japanese Prime Minister Shinzo Abe as he aims to spend more than US$100 billionReuters - 764 words
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Article, Illustration485 2013-02-26 26 Bloomberg [TOKYO] Billionaire Masayoshi Son is targeting Japanese households with bonds offering 50 times the yield on deposit accounts to help fund Softbank Corp’s US$20 billion takeover of Sprint Nextel Corp. Japan’s third-largest carrier, the first to offerBloomberg - 485 words
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226 2013-02-26 26 AFP [SEOUL] An association of South Korea shopowners yesterday urged millions of its members to boycott Japanese goods in protest at Japan’s continued claim to a tiny set of islets at the heart of a decades-old dispute. The Small Local SalesAFP - 226 words
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412 2013-02-26 26 Bloomberg [TOKYO] Sharp Corp’s talks with Taiwan’s Foxconn Technology Group over an investment in the Japanese electronics maker will probably end today without an agreement, two people familiar with the discussions said. Negotiations haven’t led to a deal partly because the companiesBloomberg - 412 words
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Page 23 Advertisements
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Advertisement207 2013-02-26 23 GOLDMINES A IN INDUSTRIAL SPACE! What’s the next BIG thing after cooling measures? Howto identify the right investment? How to avoid pitfalls? How to Identify common misrepresentation? (When is the right time? SEMINAR DETAILS Date: 2 Mar 2013, Saturday Time: 2.00pm to 5.00pm Venue: National University of Singapore Society (NUSS)207 words
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Page 24 Advertisements
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Advertisement506 2013-02-26 24 NOTICE TO HOLDERS OF THE S$205,000,000 3-YEAR 4.00 PER CENT. FIXED RATE NOTES DUE 17 JANUARY 2014 (SERIES 005) S$333,000,000 5-YEAR 4.875 PER CENT. FIXED RATE NOTES DUE 11 MARCH 2016 (SERIES 006) S$267,000,000 4-YEAR 4.125 PER CENT. FIXED RATE NOTES DUE 13 MAY 2015 (SERIES 007) S$260,000,000 3-YEAR 4.25506 words
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Page 25 Advertisements
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Advertisement655 2013-02-26 25 UNITED INDUSTRIAL CORPORATION LIMITED (Co. Reg. No. *****0181E) (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATE Application has been made to the Directors of the abovenamed Company to issue duplicate certificate in place of the following certificate in the name of Ong Nominees Private Limited (In Member’s Voluntary Liquidation,655 words
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Advertisement439 2013-02-26 25 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF AI PICTURES PTE LTD (Co. Reg. No. *****3905W) NOTICE OF RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members of the above-named company, duly convened and held at439 words
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Page 26 Advertisements
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Advertisement18 2013-02-26 26 Tougher cooling measures have little impact on HK's housing market To subscribe, call 6388-3838 or go to sphsubscription.com.sg18 words
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AVIATION/SHIPPING
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Article, Illustration722 2013-02-26 27 Lockheed executives say problems with software and design are being resolved Reuters [WASHINGTON] This year’s second grounding of Lockheed Martin Corp’s F-35 warplane, plus looming US defence cuts, will complicate a push this week by Lockheed and US officials to convince Australian lawmakers andReuters; PHOTO: REUTERS - 722 words
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364 2013-02-26 27 AFP [TOKYO] Japan’s All Nippon Airways (ANA) said yesterday it was grounding its fleet of Dreamliners until at least the end of May, with no end in sight to woes for Boeing’s next generation plane. The airline is cancelling 1,714 flights inAFP - 364 words
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245 2013-02-26 27 Bloomberg [SINGAPORE] Airbus SAS expects airlines in Asia Pacific to buy 9,870 aircraft worth US$1.6 trillion in the next two decades fuelled by travel growth in the region. Wide-body aircraft with twin aisles, will lead the demand, Airbus chief operating officer John LeahyBloomberg - 245 words
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Article, Illustration697 2013-02-26 27 Monster ships seen as added burden on environment there AP [NEWARK, New Jersey] Residents of this city’s Ironbound neighbourhood are familiar with big modes of transport. Jumbo jets fly so low while approaching Newark Airport that it seems one can hopAP; PHOTO: AP - 697 words
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Page 27 Advertisements
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Advertisement123 2013-02-26 27 MARINA BAY SANDS, SINGAPORE February 26 28, 2013 10:00 TO 18:00hrs www.bairdmaritime.com IS ALL IT TAKES TO CONTACT: ASIAN WORK BOAT 2013 EXHIBITION BUT, WITH SO MUCH TO SEE, ONE VISIT SURELY WON’T BE ENOUGH. ENTRY IS FREE– All Welcome! Don’t miss the FIVE ASSOCIATED CONFERENCES. Check our website for123 words
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Page 27 Miscellaneous
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Miscellaneous342 2013-02-26 27 CRYPTIC CROSSWORD Across 1 Flier of little importance gets auxiliary burner (5,5) 6 Short with no end of water? Nonsense! (4) 9 Something cook may throw at people to put out (6,4) 10 Almost consider being slim! (4) 12 Lesson starting late means test! (4) 13 Say something simple in342 words
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EDITORIAL & OPINION
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Article, Illustration787 2013-02-26 28 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent IF you’ve watched Lincoln, Steven Spielberg’s Oscar-nomi-nated film, you may have experienced a case of cognitive dissonance. If you follow the political news from America these days you are probably aware that the majority of Af-rican-Americans787 words
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Article, Illustration1049 2013-02-26 28 EDWARD LEE - The region has the fundamentals, policy and confidence as well as room for ‘easy’ growth By EDWARD LEE The writer is head of South-east Asia research at Standard Chartered Bank SEAN is the region to be in again in 2013. AfterPHOTO: AFP - 1,049 words
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825 2013-02-26 28 NG YEW-KWANG - By NG YEW-KWANG The writer is Winsemius Professor in Economics, Nanyang Technological University PARTLY related to the debate on the Population White Paper, the issue of imposing a defence tax on (non-citizen) permanent residents and foreigners living in Singapore has attracted attention. As825 words
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Article, Illustration1502 2013-02-26 29 CHEN VOON HOE, JASMINE TAN - But it needs to keep evolving to stay in pole position as competition is intensifying from various quarters By CHEN VOON HOE JASMINE TAN Chen Voon Hoe is a partner and Jasmine Tan a senior manager, and lead the commodity trading and treasuryPHOTO: AFP - 1,502 words
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Article, Illustration794 2013-02-26 29 PAUL KRUGMAN - PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 TWO months ago, when Mario Monti stepped down as Italy’s prime minister, The Economist opined that “the coming794 words
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302 2013-02-26 29 LETTER TO THE EDITOR WE refer to your article “F&N saga opens can of firsts for Singapore M&A” (BT, Feb 18), which said that precedents were set in the takeover of Fraser and Neave, Limited in terms of, among others, the302 words
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Page 29 Advertisements
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Advertisement17 2013-02-26 29 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements BEATS NOTICES17 words
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Article1458 2013-02-26 30 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New1,458 words
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Page 30 Advertisements
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Advertisement70 2013-02-26 30 Shipping lines! Canthey seeking reliable I I find your logistics partners! r*. I Shipping Times? 75—(5 TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES I Fit UUJIIYLJJ IIIVILJ Shipping Times PLACE YOUR AD HERE the business times Shippi 1 CALL JOE WON G AT 9620 1327 FREIGHT70 words
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SINGAPORE STOCKS
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Article3131 2013-02-26 31 Transaction date: Feb 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld --AAT M Cap High 164 105.5 AIMSAMPIReit Company Sale 75 55 ASL3,131 words
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Article205 2013-02-26 32 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 unch ***** 2.1 2 2 2.1 29.8 Last Quote Div Gr Yld Net M Cap High205 words
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Article7573 2013-02-26 32 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FundCl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.14/ Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Local Ccy SD Bond 1.0007/ Asian Smaller cos!" 1.9725/ China Opportunities 2 9641/ EM Local Ccy7,573 words
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Article258 2013-02-26 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A39 unch 1 39 39 39 41 3.6 9 3.1 101.6 45.5 30 Genting HK US$ US44.5 -0.5 7711 45 44 44.5 45 2930.1258 words
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Article913 2013-02-26 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118.8 +0.8 10 118.8 118.8 118 119 542.3 135.9 120.4 CIMB APAC Div 100S$D 135.8 134.1 135 111.7 95.8 CIMB913 words
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FINANCE & COMMODITIES
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Article632 2013-02-26 33 Feb 25 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.55 *****.52 *****.10 Mar13 *****.00 *****.00 *****.00 *****.00 *****4 *****2 Jun13 *****.00 *****.00 *****.00 *****.00 2569 ***** MSCI TAIWAN INDEX FUTURES SPOT 287.97 288.24 286.16 Feb13 286.70 288.20 286.00 286.50 *****5 *****9 Mar13 286.90632 words
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373 2013-02-26 33 In local curr In S$ In US$ dy yr dy yr dy yr Feb 22 Index Change Change Change Change Change Change World Preliminary 995.0 0.6 6.1 0.4 5.9 0.5 4.5 EAFE Preliminary 827.0 0.8 6.8 0.4 4.8 0.6 3.5 Europe Preliminary 1207.7 1.1 5.3373 words
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Article470 2013-02-26 33 Feb 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.052 6.411 0.778 7.977 55.565 99.842 0.968 11.174 3.188 1.228 100.994 41.860 1.273 9.125 0.955 30.502 30.706 0.679 1.029 Canada 0.951 6.096470 words
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Article67 2013-02-26 33 Feb 25 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 3 mths 0.***** 3 mths 6 mths 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP67 words
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Article134 2013-02-26 33 Feb 25 GOLD(US$/oz) Feb 22 Feb 25 Hong Kong 1591.00 1600.30 Feb 21 Feb 22 London 1580.49 1573.10 1581.71 1573.85 Source: Thomson Reuters CAST BAR Feb 25 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 142 63 5gm 403 316 10gm 721 632134 words
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Article91 2013-02-26 33 Feb 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 23-May-13 0.24 6-Month BS*****S 22-Aug-13 0.26 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.2 0.00 5-Year N*****0Z 2.375 01-Apr-1791 words
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Article57 2013-02-26 33 Feb 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 13 2455.0 2419.0 2455.0 2409.0 735 6002 Apr 13 2458.0 2449.0 2458.0 2438.0 4792 ***** May 13 2480.0 2470.0 2482.0 2461.0 ***** ***** Jun 13 2500.0 2488.057 words
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Article154 2013-02-26 33 Feb 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2732 1.2736 1.0284 1.0286 Canadian dollar 1.2106 1.2110 0.9780 0.9779 Euro 1.6368 1.6373 1.3221 1.3223 NZ dollar 1.0362 1.0369 0.8370 0.8374 Sterling pound 1.8742 1.8749 1.5139 1.5142154 words
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Article108 2013-02-26 33 Feb 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1461.25 1487.75 1516.50 1459.50 May 13 1443.75 1470.50 1497.00 1442.00 Jul 13 1429.00 1454.50 1483.50 1427.00 Aug 13 1389.50 1414.00 1441.25 1388.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13108 words
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Article80 2013-02-26 33 Feb 22 COCOA (£/tonne) Close Prev High/Low Mar 13 1424 1419 1434/1418 May 13 1434 1428 1441/1425 Jul 13 1442 1438 1450/1434 Sep 13 1449 1447 1459/1441 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2048 2030 2055/2036 May 13 2087 2069 2094/2070 Jul 13 2096 2077 2101/2080 Sep 13 210280 words
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974 2013-02-26 33 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 711 4.63 15 Conv Asiatravel.com HoldingsW*****7 3 -1 1 1 25 17 Asiatravel.com HoldingsW*****5 3 -1 1 1 27 41 BakerTech W*****5 Prem Best World974 words
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Article70 2013-02-26 33 CRUDE OIL PRODUCTS Feb 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.80 -0.50 WTI (Near Mth) 92.91 0.19 Dubai (1-Mth F) 109.60 -0.51 Tapis blend 119.78 -0.81 Minas 116.28 -0.81 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.78 -0.22 Jet Kerosene 132.38 -0.39 US$/barrel OpecOil Basket70 words
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Article22 2013-02-26 33 Feb 25 S$ Bid Offer 1-month 1.2380 1.2382 2-months 1.2380 1.2382 3-months 1.2380 1.2382 6-months 1.2378 1.2383 Source: OCBC22 words
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Article65 2013-02-26 33 Feb 22 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2004.75 2034.25 3 months 2048.00 2076.00 Copper, Grade A(US$/tonne) Cash 7773.25 7832.25 3 months 7801.00 7861.00 Lead(US$/tonne) Cash 2291.75 2307.75 3 months 2304.00 2326.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.75 *****.00 3 months65 words
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Article121 2013-02-26 33 As at 9am Feb 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.305 1.243 Can dollar 1.240 1.181 Euro 1.673 1.594 Sterling pound 1.911 1.838 NZ dollar 1.070 1.010 US dollar 1.264 1.204 Local dollars to 100 units of foreign121 words
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Article154 2013-02-26 33 Feb 25 S$ Offer Bid 0vernight 0.04 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12154 words
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PROPERTY
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918 2013-02-26 34 Shop deal values rise as home-price curbs prompt investors to seek other properties Bloom berg [HONG KONG] Residential property sales in Hong Kong fell after sales tax was doubled on property costing more than HK$2 million (S$318,930), according to Midland HoldingsBloomberg - 918 words
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Article, Illustration529 2013-02-26 34 Analysts expect government to launch further housing curbs Reuters [HONG KONG] Shares of Hong Kong property companies such as Cheung Kong Holdings Ltd and Sun Hung Kai Properties Ltd fell to their lowest in nearly two months yesterday with realtors takingReuters; PHOTO: REUTERS - 529 words
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Article, Illustration568 2013-02-26 34 First Chinese-issued dollar bonds in Feb; Asia-Pac risk drops Bloomberg [HONG KONG] Glorious Property Holdings Ltd is marketing a sale of US dol-lar-denominated notes as bond risk across the Asia-Pacific region falls. The developer, founded by Chinese billionaire Zhang Zhi Rong who resignedBloomberg; PHOTO: BLOOMBERG - 568 words
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528 2013-02-26 34 Bloomberg [RIYADH] Saudi Arabia has issued final regulations on real-estate financing, leasing and supervision of financial companies as the kingdom works to ease a housing shortage by opening up its mortgage market and enacting the country’s first home-loans law.Bloomberg - 528 words
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400 2013-02-26 35 Measures include steady release of land supplies Xin hua [BEIJING] Chinese authorities are discussing and preparing policy details to contain fast-rising home prices in some cities amid the government’s recent pledge to keep control measures continuous and steady, the China Securities Journal reported yesterday.Xinhua - 400 words
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Article, Illustration441 2013-02-26 35 AMANDA TAN - Strata titles are being sold based on the guide price of $3,300 psf By AMANDA TAN FOUR strata office units on the 14th floor of Samsung Hub in Raffles Place have been put up for sale. The units, now being leased toPHOTO: SAMSUNG - 441 words
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Article, Illustration268 2013-02-26 35 Reuters [BERLIN] German construction orders rose by 4.2 percent in seasonally adjusted terms last year, data showed on Monday, as demand for property in Europe’s largest economy holds up due to the eurozone crisis and low interest rates. Growth in new contracts nonetheless slowedReuters; PHOTO: REUTERS - 268 words
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Advertisement56 2013-02-26 34 Call 6309 1050 for Leasing Enquiries 56 Serangoon NthAve 4 Unit size frm 5500sf *****sf Gd specs amenities nearby With loading bay 61Yishun Ind. ParkA Unit size frm 835sf to *****sf Grd Flr space avail Gd specs with loading bay 135 Joo Seng Rd Unit size frm 1415sf 4203sf Gd56 words
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Advertisement366 2013-02-26 35 i Sr Commercial/Hotel Site near CBD Real value in a changing world SAN CENTRE 450m to Chinatown MRT Land 28,719 sf; GFA131,895 sf; LH 99 yrs fr 1969 Existing 12-sty office building with 80 carpark lots Good for corporate office, 8,650 sf typical floor plate Potential for Hotel, Comm/Res devt,366 words
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Advertisement369 2013-02-26 35 6 levels of retail space with 458 allocated car parking lots. GFA: Retail approx. 321,148 sqft/ car park approx. 212,790 sqft Excellent frontage and visibility Catchment of more than 1,5m population within 15 minutes’ drive Close to complimentary and supporting uses. Easy accessibility via major highways and Serdang KIM Station.369 words
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