The Business Times, 2 March 2013

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Total Pages: 49
1 20 The Business Times

  • TOP STORIES
    • MARKETS
      • 57 2 HSTI 3,269.50 (-0.45) ESTI FUTURES 3,264.00 (0.00) HSIMSCI 368.27 (-0.84) HSIMSCI FUTURES 368.80 (-0.40) Friday Change KL COMP 1,637.44 -0.19 NIKKEI 225 11,606.38 +47.02 HANG SENG 22,880.22 -140.05 SET 1,539.60 -1.98 JAKARTA 4,811.61 +15.82 MANILA 6,642.27 -79.18 KOSPI Closed SHENZHEN B 849.69 +6.16 MUMBAI IND 18,918.52 +56.98 11am EST
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      • 29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.427 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg
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      • 48 2 US$ S$ US$ (S$ per US$) 1.238 (US$/S$ per 1.517 1.878 EURO(US$/S$/€ 1.308 1.619 Foreign currency per US$ S$ YEN 92.60 74.80 RM 3.099 2.503 HK$ 7.755 6.264 BAHT 29.77 24.04 RUPIAH 9,678 7,817 RENMINBI 6.223 5.026 INDIAN RUPEE 54.41 43.95 A$ 0.978 0.790 NZ$ 1.210 0.977
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    • 823 2  -  His surprise nomination as central bank governor unnerves analysts By Jeffrey Hutton btworld@sph.com.sg Jakarta INDONESIA’S minister of finance, who is credited with limiting spending and is at the centre of reforms such as scaling back the country’s S$26 billion a year fuel subsidy, has
      PHOTO: BLOOMBERG  -  823 words
    • 1045 4  -  But some are cutting prices in anticipation of lower COE premiums By Samuel Ee samuelee@sph.com.sg Singapore THE changes to the Additional Registration Fee (ARF) have resulted in price increases for most cars affected by the new tiered structure, but a few
      FILE PHOTO  -  1,045 words
    • 612 5  -  It will aim for flexibility and diversity in terms of contract duration and pricing models By Ronnie Lim ronnie@sph.com.sg Singapore THE Republic is working on a blueprint for its future gas supplies which will comprise a diversified portfolio of both piped natural
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    • 641 5  -  By Malminderjit Singh msingh@sph.com.sg Singapore SINGAPORE will host the 16th round of Trans-Pacific Partnership (TPP) free trade negotiations from Monday with expectations high that the grouping is on track to wrap up talks by the end of this year. These meetings,
      PHOTO: AP  -  641 words
    • 684 6  -  Businessmen point to finance minister’s focus on inclusive growth, infrastructure and containing fiscal deficit By Neeta Lal btworld@sph.com.sg New Delhi SHORN of soaring rhetoric and populist fireworks in an election year, Indian Finance Minister P Chidambaram’s latest budget is being hailed as a “reasonable”
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    • 754 6 Reuters Washington DELAYS of four hours or more at airports. Exasperating wait times for people, and goods, crossing America’s borders. Reduced paychecks for thousands of civilians employed by the Pentagon. The US Coast Guard, crippled in its patrols of US waters. Meat
      Reuters  -  754 words
    • 850 7  - May(er)day for office workers but it makes sense saturday soapbox Joyce Hooi joyceh@sph.com.sg Correspondent IF you’re reading this, then know that I’ve braved traffic to the newsroom, booted up my company-issued laptop and ignored the siren calls of YouTube and Facebook just long enough to write 800 words with my
      PHOTO: REUTERS  -  850 words
    • 398 7  -  Higher cash handouts and higher income cap slated from April 1 govt to also pay for healthcare, hygiene products By Lee U-Wen leeuwen@sph.com.sg Singapore SINGAPORE’S Public Assistance (PA) scheme is undergoing a makeover that will allow its most needy recipients to get more than just
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    • 508 8  -  Primary Justice project involves a group of lawyers who will provide basic legal services at a fixed fee By Grace Leong gleong@sph.com.sg Singapore A NEW initiative is underway to encourage more litigants to settle disputes out of court by making alternative dispute resolution
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  • Page 2 Advertisements
    • 101 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 LIVING Dining L2-5 Travel L6-9 CEOs’ Hawker Choices L10-12 Style L13 Home Garden L14-15 Health L16 Sports L17 Motoring L18-19
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  • Page 3 Advertisements
    • 133 3 Born in Saxony. At home around the world. y oLAsiiCrra */SA -V ¥X'W‘-;- > »Rh*i M«> V GE GLASHUTTE I /SA A' A> Meticulously finished by hand, the Lange t Time Zone is a global ambassador of the legendary perfection of Lange watchmaking artistry. Apart from the main dial, this
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  • Page 5 Advertisements
    • 46 5 -T H ESINGAPORE -SWEEP1 st prize $2,200,000 $200,000 $1,050,000 SUPER SWEEP SNOWBALLED TO Chinese Draw on Wednesday, 6 March 2013 at Singapore Pools Building (210 Middle Road) p |_aY(J\ Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G For details, visit www.singaporepools.com.sg
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  • Page 6 Advertisements
    • 49 6 Looking for office space? Try the humble shophouse. Many of these properties are located in or around the CBD and can be good choices for SMEs not needing Grade A office space. Find out more in The SME Magazine, which comes free with The Business Times on March 6.
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  • Page 7 Advertisements
    • 30 7 JACKPOT Estimated Draw on Mon, 4 Mar 2013 at 6.30pm For details, visit www.singaporepools.com.sg Ip yA Always play with care, [responsibly) Do not bet illegally. RGB Reg No: *****0202G SINGAPORE
      30 words

  • Page 8 Advertisements
    • 112 8 U always! like us on D facebook/ufmlOOS follow us on 30 twitter@ufml003 www.uf m lOOG.sg UFM 100.5 S 1 vSSOTji c.io fff O U SHINE Take a step back. Reflect on life. As we get caught up in the hustle and bustle of daily life, let’s pause to be thankful
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  • WEEK IN REVIEW
    • THIS WEEK Feb 25-March 1, 2013
      • 66 9 THE Budget statement will be yet another structural, strategic one underlining the government’s commitment to restructure the Singapore economy into a more produc-tivity-driven one. Despite weak 1.3 per cent growth in 2012 and no swift pick-up in sight this year the government still expects
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      • 50 9 NATIONAL Development Minister Khaw Boon Wan on Sunday sketched out what Woodlands Regional Centre would be like. With 100 hectares of space available for development, Woodlands Regional Centre is a key component in reshaping northern Singapore laid out in the recent Land Use plan.
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      • 61 9 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 a hefty $5.3
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      • 52 9 THE Monetary Authority of Singapore announced financing restrictions on car loans on Monday, catching some car distributors and banks by surprise. Industry observers also tried to work out how the new rules which take effect on Tuesday would impact prices of Certificates
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      • 50 9 FOREIGN worker levies will rise by an average of $50 to $160 monthly per worker by 2015. The higher the number of foreign workers in an industry and the lower the productivity the higher the levies, according to the Ministry of Manpower.
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      • 75 9 IT’S going to get tougher for small and medium enterprises in the near term, and many may be forced to shut down, relocate or consolidate their business, said leaders of the SME community after the Budget was unveiled on Monday. They say that the
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      • 61 9 BUDGET 2013’s implications for costs and inflation leave the central bank with little room to ease its strong Sing dollar policy, despite continued sluggishness in exports and manufacturing. Economists say higher foreign worker levies and expected wage increases will add significantly to companies’
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      • 62 9 COMES the new rule, comes the new solution. Some buyers of luxury cars who do not want to put down a 50 per cent downpayment are going for the leasing option. OUT OF THE BLUE MAS announced financing restrictions on car loans on
        FILE PHOTO  -  62 words
      • 63 9 THE government has increased development charge rates by a staggering 24 per cent on average for commercial use and 26 per cent for hotel use on the back of strong land bids at state tenders in the past six months. The average rate
        63 words
      • 86 9 IT would not amount to the End of the World as We Know it. And contrary to the warnings of the doomsayers, the American economy would probably not slide into a new recession. But if the White House and Congressional Republicans fail to
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      • 73 9 THE Wage Credit Scheme (WCS) runs the risk of further pushing up expenses for companies, already struggling with higher costs, without bringing about an attendant rise in productivity, said panellists at an Economic Society of Singapore forum on Thursday. “The WCS is like an
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    • 84 9 US DATA March 6 Jan factory orders March Beige Book March 7 Jan trade balance Q4 revised productivity Mar 8 Feb non-farm payrolls Feb unemployment rate Jan wholesale inventories SINGAPORE DATA March 7 Feb international reserves EVENTS March 5 Opening of China NPC Meeting Reserve
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  • Page 9 Miscellaneous
    • 303 9 Across 1 Passport or search warrant? (5,6) 9 The uncertain chairman’s lack of control (9) 10 Number three is wrong (5) 11 Stays will alter a waist (6) 12 Well brought up, but lacking refinement? (5,3) 13 Former star played walk-on characters (6) 15 Can’t serve venison without bottle of
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    • 20 9 SATURDAY with Ludwig ‘My wife is willing to join me only if she finds a duty-free shop along the way
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  • THE RAFFLES CONVERSATION
    • 2682 10 / 11  -  Seasoned economist and financial strategist Jesper Koll is positive about the future of Japan, which he believes is poised for recovery, thanks to demography and ‘Abenomics’ Anthony Rowley Tokyo Correspondent btnews@sph.com.sg JESPER Koll often refers to himself as “the last optimist in Japan” and for a
      PHOTO: BLOOMBERG  -  2,682 words

  • COMPANY NEWS
    • 376 12  -  By R Sivanithy sivan@sph.com.sg Singapore THE Singapore stock market is likely to provide investors with only single-digit returns this year, according to Nomura Equity Research, and this could even be negative if the property market pulls back sharply. “Singapore’s EPS (earnings
      PHOTO: BLOOMBERG  -  376 words
    • 784 12  -  Fears over eurozone and US spending cut take a toll on stocks By Andrea Soh sandrea@sph.com.sg Singapore AFTER hitting a multi-year high in January, the Singapore stock market took a breather in February as fears of a eurozone crisis resurfaced
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    • 614 13  -  SMG expects private healthcare industry to be challenging, eyes China for growth By Carine Lee carinel@sph.com.sg Singapore MAINBOARD-LISTED Q&M Dental Group (Singapore), which in December last year launched a takeover bid for Singapore Medical Group, yesterday reported a 9 per cent increase in
      ST FILE PHOTO  -  614 words
    • 385 13  -  By Teo Si Jia teosj@sph.com.sg Singapore FU YU Corporation has turned a profit for the fourth quarter but a full-year loss has put it in a precarious position on the Singapore Exchange (SGX) mainboard. The plastics manufacturer returned to profit with
      385 words
    • 291 13 Reuters Singapore WILMAR International Ltd is the sole receiver of the ICE futures US March raw sugar contract, taking advantage of declines in global prices, a senior company official said. It will be the first time Wilmar takes delivery
      Reuters  -  291 words
    • 457 14  -  Succeeding him will be Ng Kee Choe, chairman independent non-exec director at CapitaLand By Ong Chor Hao ongch@sph.com.sg Singapore FORMER CapitaLand chief Liew Mun Leong will retire as chairman and non-executive director of CapitaMalls Asia (CMA) at the company’s annual general meeting (AGM) on April
      BT FILE PHOTO  -  457 words
    • Business briefing
      • 98 14 LEY CHOON Group Holdings yesterday announced a net loss attributable to shareholders of $463,000 for the final quarter ended Dec 31, 2012. The construction firm recorded a net profit of $5.27 million for the corresponding quarter a year ago. Revenue
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      • 60 14 DARCO Water Technologies sank into the red in the fiscal year ended Dec 31, 2012, with a $3.6 million loss attributable to shareholders, on a 23 per cent decline in continuing operations revenue of $41.47 million. A year ago, Darco recorded a profit
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      • 101 14 HOTEL Grand Central posted a 38 per cent fall in its full-year net profit to $16.8 million, from $27.2 million a year ago. Total revenue for the year ended Dec 31, 2012 was $160.6 million, down 4 per cent year-on-year, attributed
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      • 72 14 GUTHRIE GTS yesterday reported a 61.4 per cent tumble in its fourth-quarter net profits to $34.74 million from a restated $90.03 million a year ago. Revenue for the three months ended Dec 31, 2012, grew 4.2 per cent year-on-year to $73.71 million. For
        72 words
    • 702 15  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent IN ITS Feb 28 Global Investment Strategy “La Dolce Liquidity”, Bank of America-Merrill Lynch referred to investors’ “animal spirits” as one reason in favour of a continued market rally, the term perhaps a euphemism for greed, fear and
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    • 340 15  -  By Jasmine Ng jasng@sph.com.sg Singapore FOOD catering firm Select Group’s net profit for the year ended Dec 31, 2012, grew 30.1 per cent year-on-year to $4.14 million. Full-year revenue rose 14.4 per cent to $116.1 million, which was mainly due to the contributions from
      ST FILE PHOTO  -  340 words
    • 154 15 VOL CLOSE A l bedo 431,328 5 6 -5.9 51.3 IPCO Intl 430,175 3 1 -0.2 -6.1 Cedar 268,091 1 2 -0.1 -7.7 Conte l 257,692 9 1 -1.0 -9.9 Carr i erNet 252,028 2 9 -0.4 1 2.1 Compact 242,365 1 0.0 0.0 Equation 228,945 2
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    • 111 15 Stock name Close Change CapMallsAsia 2.070 -0.010 CapitaLand 3.860 -0.050 CapitaMall 2.120 -0.030 CityDev 11.13 -0.040 ComfortDelGro 1.940 +0.020 DBS Grp 15.15 +0.040 F&N 9.440 GLP 2.550 +0.010 Genting SP 1.555 -0.020 Golden Agri 0.630 -0.020 HK Land 7.610 -0.120 IHH Healthcare 1.355 +0.010 JMH 65.51 +2.190 JSH
      111 words
    • 62 15 BY CENTS CLOSE UP JMH 6551 271.1 3.5 DBXT iBoxxSing 5SG$ ***** 102.0 0.8 Jardine C&C 5197 37.0 0.7 JSH 3859 23.5 0.5 SuperGroup 399 22.0 5.8 Hyflux 6% CPS 10 ***** 19.0 0.2 DBXT FTVietnam 10US$ 2530 14.9 0.5 DBXT S&P Short 10US$ 3273 11.1 0.3 DBS
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    • 58 15 BY CENTS CLOSEDOWN UOB 5.05%NCPS 100 ***** -250.0 -2.4 GLD 10US$ ***** -222.8 -1.2 DBXT Nifty 10US$ ***** -205.5 -1.5 DairyFarm 1296 -43.3 -2.6 DBXT MSINDIA 10US$ 861 -35.9 -3.3 UOB.ES.1303 1919 -26.0 -1.3 DBXT MSRussia 10US$ 308 -22.3 -5.5 IS ASIA HYG100US$ 1116 -17.3 -1.2 Venture Corp
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  • Page 14 Advertisements
    • 48 14 •arjLM r“-.“S; 2/3970 sT^VuV 28 MODERN DETACH ii m Land 5l00/50nn JL f N Jarak Pool. Rebuilt sf 5+ l+l+ Negi GDuilt 3 Vrs, 999 yrs SEMI-D Check this and many other properties in CATS Classified in The Straits Times now! MATS BUY IT SELL IT FIND IT
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    • 70 14 Check out these positions and 700 more in CATS Recruit today! Air Niugini has a position open for a Chief Executive Officer Wearnes Automotive is recruiting a Marketing Executive Carlton Hotel (Singapore) has a vacancy for the position of Accountant Phoenix Mecano S.E. Asia is hiring a Materials Planner/ Controller
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  • FROM THE DESK OF
    • 931 16  -  Both the global economy and SMEs would benefit significantly when smaller businesses increase international trade FROM THE DESK OF Herbert Vongpusanachai Managing Director DHL Express (Singapore) THERE has been much discussion during the economic downturn about the importance of small and medium enterprises (SMEs) to the
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  • SINGAPORE NEWS
    • 627 17  -  Knight Frank says most shoebox units have annual gross rental of less than $55,000 By Mindy Tan tanmindy@sph.com.sg SHOEBOX units could benefit from the new tax policy which imposes a more progressive tax structure on residential homes, even as the investment appeal
      627 words
    • 482 17  -  By Benjamin Aw benaw@sph.com.sg THE National Trades Union Congress has reiterated its call on employers and the government to implement the right to request flexible work arrangements for all employees. In a statement yesterday, NTUC welcomed the recent improvements in employment practices for working
      482 words
    • 258 17  -  By Maria Mala Yogalingam ymaria@sph.com.sg SINGAPORE’S sovereign wealth fund, Government of Singapore Investment Corporation (GIC), has appointed Jeffrey Jaensubhakij as president of GIC Asset Management (GAM). GIC said in a statement yesterday that Dr Jaensubhakij will take over from Lim Chow Kiat, who was named
      258 words
    • 402 18  -  Firms elevating brands as premium products to gain market share: Accenture By Amanda Tan aktanht@sph.com.sg ALCOHOL-BEVERAGE companies are engaging in a “premiumisation” of their brands to capitalise on strong growth in AsiaPacific, according to Paul Prendagast, partner, product management consulting, at Accenture. The global
      PHOTO: BLOOMBERG  -  402 words
    • 532 18 S’pore dogs have their day at sea AFP THE guests lean over the side of the boat to catch the morning breeze as their catamaran eases off from a jetty in Singapore. A typical cruise, except for the fact that the passengers are dogs. “Actually, this is their third cruise,”
      AFP  -  532 words

  • Page 18 Advertisements
    • 193 18 THE BUSINESS TIMES SATURDAY SPECIAL Appetizingly Australian Enjoy a Grilled Salmon or Black Pepper steak at $14.90! (Up to $27.90) Venue Outback Steakhouse 9 Raffles Boulevard, #01-114 Millenia Walk, Tel: 6837 3242 Email reservations: outback_millenia.usel@outback-sea.com Website: www.outback-sea.com Terms conditions P J<NQN8&NO 5F!&@ )<NQ AO@ MF<B’ 8N %8’ MF<B’ AEC? P
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  • WORLD
    • 561 19 New orders index hits highest level since April 2011; consumer spending up in Jan LATEST US DATA Bloomberg Reuters Washington THE pace of growth in the US manufacturing sector picked up to its fastest rate in over a year and a half in February
      Bloomberg; Reuters  -  561 words
    • 386 19 AP London LLOYDS Banking Group succeeded in halving its losses in 2012 even though it raised the amount of money it has put aside to pay for the mis-selling of insurance products. The bank said it made a full-year loss of £1.34
      AP  -  386 words
    • 531 19 Feb inflation slips, manufacturing index remains unchanged AFP Brussels OFFICIAL data yesterday painted a far from encouraging picture of the European economy, with unemployment running at record highs in the eurozone while inflation fell sharply, highlighting the weakness of consumer demand. Separately,
      AFP; PHOTO: REUTERS  -  531 words
    • 847 20 Party favoured by working poor may win tomorrow’s Bangkok elections Reuters Bangkok FOR years, Thailand’s turbulent and sometimes violent politics has had a familiar narrative: the poor in the country’s rural northern and eastern regions at polarising odds with the royalist establishment
      Reuters; PHOTOS: REUTERS  -  847 words
    • 762 21 Tax and spending assumptions in the budget are questionable, say analysts Bloomberg Singapore INDIA will probably miss a deficit target set on Thursday by Finance Minister Palaniappan Chidambaram as his budget plan to narrow the nation’s fiscal gap is based on “highly questionable” tax and
      Bloomberg; PHOTO: AP  -  762 words
    • 436 21 Reuters Bangkok THAILAND’S headline inflation in February eased, dipping for the second month in a row, as government subsidies held down prices and a strong baht made imports cheaper, giving the central bank room to keep monetary policy accommodative to support the export-driven
      Reuters  -  436 words
    • Briefing
      • 56 21 Bloomberg Berlin German retail sales rebounded in January as falling unemployment bolstered consumer confidence. Sales, adjusted for inflation and seasonal swings, increased 3.1 per cent from December, when they dropped 2.1 per cent. Economists forecast a 0.9 per cent gain. Sales rose 2.4
        Bloomberg  -  56 words
      • 104 21 Reuters Manila A standoff between Malaysian security forces and armed Filipinos ended in violence yesterday, with at least two police officers killed amid conflicting reports of casualties as Malaysian Prime Minister Najib Razak declared his patience had run out. Bernama said that
        Reuters  -  104 words
      • 89 21 Reu ters Hong KongKLCC Property Holdings Bhd, which owns Malaysia’s iconic Petronas Twin Towers, is set to complete a restructuring and list in April the nation’s biggest real estate investment trust (Reit), sources said. The trust, three times larger than the next biggest
        Reuters  -  89 words
      • 39 21 AFP London The Liberal Democrats (LibDems) yesterday hung onto the southern England parliamentary seat of Eastleigh, dealing a heavy blow to Prime Minister David Cameron whose Conservative Party were beaten into third place. AFP
        AFP  -  39 words
    • 792 22 But stock market sentiment little affected despite uncertainty in economic team, policy Reuters Jakarta INDONESIA’S trade balance stayed in deficit in January and inflation last month hit a 20-month-high, underlining the top challenges for the government after the president abruptly announced plans to change
      Reuters; PHOTO: REUTERS  -  792 words
    • 236 22 Reuters Kuala Lumpur CHINESE firm Beijing Urban Construction Group (BUCG) has won the bidding for road and tunnel projects worth RM8 billion (S$3.2 billion) in Malaysia’s Penang state, officials said yesterday. BUCG, one of China’s largest construction firms and the builder of
      Reuters  -  236 words



  • Page 22 Advertisements
    • 25 22 TODAY IN .Lianhe Zaobao Average 20.2% increase in minimum wage for migrant workers in M Chinese provinces To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      25 words

  • 8290 23 Transaction date: Mar 1 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.4 8Telecom 13.5 13 19 66.8 0.4 3.2 64.7 5.8 3 A-Sonic 4.6 4 4.5 2.8 32.9 AAT 2 halt 1.6
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  • 1853 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21.5 15 t 800 Super 19.6 19 20.5 3.3 5.1 5.9 35 4.3 2.8 t AA Grp 4.3 3.7 4.5 215 4.1 96 17.2 t
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  • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 12 2 0 0 0 2 12 2 Manufacturing 27 112 31 3 20 4 30 132 35 Commerce 14 40 13 2 6 2 16 46 15 Tpt/Stor/Comms 7 26 9
    186 words
  • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 115,023 115,023 84,148 84,148 Manufacturing 1,482,854 1,258,684 2,741,538 418,879 28,302 447,181 Commerce 453,854 484,462 938,316 114,007 25,968 139,975 Tpt/Stor/Comms 130,339 20,825 151,164 159,810 7,322 167,132 Finance 72,161 589 72,750 175,623 265 175,888 Construction 709,306 221,334
    123 words
  • 758 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 25 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Pac Healthcare 1-Mar-13 Chong Lai Leong *Buy 288 0.09 ***** 12.49 ***** 12.56 Serial Sys 1-Mar-13 Magadeline
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  • MARKETS
    • 80 27 Feb 28 COCOA (£/tonne) Close Prev High/Low Mar 13 1409 1411 1413/1397 May 13 1429 1426 1434/1414 Jul 13 1446 1439 1450/1429 Sep 13 1460 1449 1464/1439 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2058 2051 2065/2041 May 13 2108 2098 2114/2094 Jul 13 2120 2109 2124/2106 Sep 13 2131
      80 words
    • 67 27 Mar 1 COLO /05S/ds'. l>b IP Mar Pi Hong Kong 1607 *****0.00 Feb 27 Feb2S London *****915S0.56 1605.31 1SS3.5J Source: Thomson Reuters savf-a id'ing Buyinp 1 oj 35.71 35.06 Source: UOB PLATINUM ra. <u IMx) 'nh Uomt Pr*v>ou'* PM Fix 1598.*****9.D0 AM Fin ISO&O016)2.00 Source: LPPM PLATINUM wvV.tt; r<oc*
      67 words
    • 57 27 Mar 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 13 2351.0 2350.0 2372.0 2340.0 88 2786 Apr 13 2377.0 2360.0 2393.0 2358.0 1007 ***** May 13 2388.0 2368.0 2405.0 2367.0 ***** ***** Jun 13 2396.0 2377.0
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    • 86 27 Mar 1 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 30-May-13 0.25 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-13 100.09 5-Year N*****0Z 2.375 01-Apr-17 108.13
      86 words
    • 154 27 Mar 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2651 1.2660 1.0220 1.0225 Canadian dollar 1.2011 1.2018 0.9707 0.9703 Euro 1.6186 1.6189 1.3075 1.3076 NZ dollar 1.0229 1.0235 0.8263 0.8267 Sterling pound 1.8773 1.8781 1.5165 1.5169
      154 words
    • 121 27 Mar 01 j'I,*'* IOII/j:-. u/4 nitjr of **jr- up-i ‘.vtrrrrcy CinmMi 5CM Cloy Aurt dollar 1.294 1.233 Can dollar 1.229 1.171 turn 1 j654 1.576 Staling pound 1.912 1.339 NI dollar 1.054 0.995 US doit.tr 1.215? 1.202 f nr..' .s -.'A-i m I fhi ,•<* «v
      121 words
    • 104 27 Feb 28 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 13 1474.25 1457.50 1487.75 1454.00 May 13 1452.25 1439.50 1467.75 1434.00 Jul 13 1435.25 1426.00 1449.75 1418.75 Aug 13 1391.75 1381.75 1404.25 1378.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 13 48.82 49.27 49.56
      104 words
    • 27 27 YTD change: +3.23% 52-week high: 3,319.19 on Feb 4,2013 52-week low: 2,698.90 on June 4,2012 698.90 on June 4 2012 Source: Bloomberg
      Source: Bloomberg  -  27 words
    • 21 27 YTD change: +0.99% 52-week high: 23,944.74 on Feb 4, 2013 52-week low: 18,056.40 on June 4,2012 Source: Bloomberg
      Source: Bloomberg  -  21 words
    • 25 27 Source: Bloomberg YTD change: +3.98% 52-week high: 2,476.22 on Mar 14, 2012 52-week low: 1,949.46 on Dec 4, 2012 Source: Bloomberg
      Source: Bloomberg  -  25 words
    • Article, Illustration
      18 27 YTD change:+11.65% 52-week high: 11,662.52 on Feb 25,2013 52-week low: 8,238.96 on June 4,2012 Source: Bloomberg
      Source: Bloomberg  -  18 words
    • 26 27 YTD change: +7.25% 52-week high: 14,149.15 on Feb 28,2013 52-week low: 12,035.09 on June 4,2012 (Chart shows Thursday’s index closing) Source: Bloomberg
      Source: Bloomberg  -  26 words
    • 68 27 Feb 28 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 112.31 -0.15 WTI (Near Mth) 91.80 -1.05 Dubai (1-Mth F) 107.05 -1.45 Tapis blend 118.37 -1.42 Minas 113.87 -1.42 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.67 -2.33 Jet Kerosene 127.88 -1.88 US$/barrel OpecOil Basket Price 108.62
      68 words
    • 69 27 Feb 28 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1961.75 1975.50 3 months 2005.00 2020.00 Copper, Grade A (US$/tonne) Cash 7784.00 7841.00 3 months 7815.00 7870.00 Lead (US$/tonne) Cash 2271.00 2295.50 3 months 2281.50 2304.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50
      69 words
    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 28 Index Change Change Change Change Change Change World Preliminary 1001.4 0.6 6.7 0.5 6.5 0.5 5.1 EAFE Preliminary 832.7 1.2 7.5 1.0 5.4 1.0 4.0 Europe Preliminary 1212.4 0.8 5.7
      373 words

  • PERSPECTIVE
    • 991 28 / 29  -  Long-recommended changes in human behaviour are required if we have to feed the world's growing population without destroying the environment further. By Paul R Ehrlich and Anne H Ehrlich By Paul R Ehrlich, Anne H Ehrlich ~Paul R Ehrlich is professor of population studies,
      Project Syndicate; PHOTO: REUTERS  -  991 words
    • 865 28 / 29  -  By Vijay Verghese ~The writer is editor and publisher of the online magazines Smart Travel Asia (http://www.SmartTravelAsia.com) and Asian Conversations (http://www.AsianConversations.com) WHAT goes up must come down. Or does it? Property prices in Hong Kong, long fuelled by hot money from across
      865 words

  • Wealth
    • WEALTH INVESTING
      • 1404 30 / 31 Thomson Reuters reports that during the first two months of 2013 there have been more than 1,000 deals valued at almost US$163b NYT WARREN E Buffett has teamed with 3G Capital to buy the venerable HJ Heinz Co for US$23 billion. But the famed value investor
        NYT; PHOTO: AFP  -  1,404 words
      • 729 30 / 31  -  Compiled by Joyce Hooi Noble Group Buy Maybank Kim Eng Research March 1 Close: $1.175 FY2012 results were within market expectations, though short of our estimates. While this should not be considered a good year by Noble’s earlier standards, recurring net profit of US$472 million was up 47
        729 words
      • 1122 32  -  It offers an alternative way of investing in emerging economies where demand for commodities is growing WEALTH INSIGHTS Joanne Warner ~The writer is the head of global resources at First State Investments and the lead portfolio manager for the First State Global Resources
        Source: Bloomberg  -  1,122 words
      • 1111 33  -  A balanced portfolio with allocations to cash, bonds, gold and equities may have to contend with a lower return SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder IN my column in The Sunday Times last week,
        1,111 words
    • WEALTH REAL ESTATE
      • 405 34 Foreign investors increase their holdings of govt bonds for seventh straight month Bloomberg London UK mortgage approvals unexpectedly declined in January, indicating continuing weakness in the housing market. Lenders granted 54,719 mortgages, down from a revised 55,632 in December, the Bank of England (BOE)
        Bloomberg; PHOTO: BLOOMBERG  -  405 words
      • 484 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES TRANSACTIONS BETWEEN JAN 30 AND FEB 5, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Altez Apt 31/01/2013 99 549 950 1730 Spottiswoode Suites Apt 31/01/2013 FH 581
        484 words
      • 810 35 Government’s property cooling measures and Singapore dollar’s gain drive buyers Bloomberg Singapore BERKELEY Group Holdings, the UK’s second-largest homebuilder by market value, is benefiting from Singapore’s efforts to cool its property market as new restrictions and a weak pound attract investors to
        Bloomberg; PHOTO: BLOOMBERG  -  810 words
      • 191 35 Bloomberg London FEWER than half of the luxury homes bought in London last year were purchased with cash, down from about two-thirds in 2011, as banks reined in bonuses, property broker Cluttons LLP said. Cash buyers fell to 49 per cent from 74 per
        Bloomberg  -  191 words
      • 273 35 Bloomberg Belfast HOME prices in Dublin rose for the first time on an annual basis since 2007, when Ireland’s dec-ade-long housing boom peaked, according to figures released today by the Central Statistics Office (CSO). Home prices in the Irish capital increased 2.1 per
        Bloomberg  -  273 words





  • Page 36 Advertisements
    • 218 36 X m > c D > XI CO X o c o c a > T) J3 o c D CD c “0 T) O ID —I CO O r~ O GD > TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLEE DE JOUX, THE JURA. FOR MILLENIA,
      218 words

  • Page 1 Advertisements
    • 62 1 LivingBTTHE BUSINESS TIMES WEEKEND MARCHR 2-3 2013 GOURMET MEALS ON WHEELS Upscale boost to mobile food service L2-4 THE TRAVELLING COW PHOTO BY JOHN HENG PERSONAL SPACE Breathing new life into old homes L14-15 SPORT Brilliant Bale, shaky Arsenal L17 TRAVEL Snowy sojourn L6-9 CEOS’ HAWKER CHOICES 2013 Specialty western
      62 words

  • BT Living
    • DINING
      • 3116 2 / 3  -  Recent entrants are giving the mobile food service concept an upscale boost. By Debbie Yong debyong@sph.com.sg LIKE a long-awaited missing piece in the diverse jigsaw that is the local dining scene, food trucks are finally revving into high gear here. While it is not quite a
        PHOTOS: JOHN HENG; PHOTOS: THE BIG SHEILA  -  3,116 words
      • 910 5  -  takes a closer look at the inaugural Asia Top 50 commentary Jaime Ee jaime@sph.com.sg PSSST. So you want to be on the World’s Best Restaurant list? Or Asia? Well, here’s a tip: good food has less to do with it than you think.
        FILE PHOTO  -  910 words
    • TRAVEL
      • Article, Illustration
        1632 6 / 7  -  Bettai Senjyuan resort is a winter wonderland of luxurious hot spring resorts that lull visitors into hedonistic bliss. By By Jaime Ee LET it Snow! is probably not a song you want to sing lustily even as you marvel at the fat flakes falling at increasing speed and
        PHOTOS: SAMUEL EE; INTERIOR PHOTO: ONSEN RESORT BETTEI SENJYUAN  -  1,632 words
      • 614 8  -  By Jaime Ee GETTING to Minakami is a has-sle-free, one-and-a-half hour train ride from Tokyo station to Jomo Kogen station, and a short bus ride to Minakami. That means that an extension in Tokyo is a near-must, just to enjoy the best of both worlds bustling
        PHOTOS: TOKYO PALACE HOTEL; PHOTOS : TOKYO PALACE HOTEL  -  614 words
    • CEOS' HAWKER CHOICES 2013
      • Article, Illustration
        2956 10 / 11  -  There used to be a time when western food served at hawker centre was restricted to the likes of fish chips and chicken chop. But a new breed of enterprising and passionate young chefs have changed that by diversifying into specialty burgers and even Italian cuisine. Here are
        PHOTOS: YEN MENG JIIN; PHOTO BY SARA YAP; PHOTO BY YEN MENG JIIN  -  2,956 words
      • Article, Illustration
        529 12  -  By Geoffrey Eu btnews@sph.com.sg Jensen Koo Regional sales director, Asean Flexera Software JENSEN Koo doesn’t mince words when it comes to the humble hamburger: he simply loves it. He learned to appreciate burgers while growing up in Australia and later, during an extended stint in the US. Fully
        PHOTO: YEN MENG JIIN  -  529 words
    • STYLE
      • 1253 13  -  Veteran designer Thomas Wee talks to Corinne Kerk about his return from ‘retirement’ and the ‘fast track’ mindsets of young local designers Corinne Kerk btnews@sph.com.sg THOMAS Wee is very late. But it’s a trait not alien to the man, and you figure the wait is worth
        PHOTOS: CORINNE KERK  -  1,253 words
    • HOME & GARDEN
      • 959 14 / 15  -  Patrick and Jacintha Tan like buying old homes, giving them makeovers, and then living in them for a few years. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg MARRIED couple Patrick and Jacintha Tan have an unusual hobby. They like to
        PHOTOS: JOSEPH NAIR  -  959 words
    • HEALTH
      • 757 16  -  Studies show that Chronic Obstructive Pulmonary Disease is as prevalent among women. By Cheah Ui-Hoon uihoon@sph.com.sg SHORTNESS of breath, wheezing and coughing due to smoking symptoms of Chronic Obstructive Pulmonary Disease (COPD) tend to happen to older men, or so we believe. But it
        PHOTO: AFP  -  757 words
    • SPORT
      • 941 17  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent IT hasn’t been the most memorable of seasons for Arsenal Football Club. Knocked out of England’s two domestic cup competitions by lower league opposition, the team’s Champions League dreams now hang in the balance after a brutal
        PHOTOS: REUTERS  -  941 words
    • MOTORING
      • Article, Illustration
        570 18  -  The topless Lamborghini Aventador is more sensual and more extreme than the coupé version. By Samuel Ee samuelee@sph.com.sg IT has to be every designer’s dream brief. For the Lamborghini Aventador LP700-4 Roadster, Filippo Perini was given absolute freedom when he was told: “Don’t care about the utility; it
        570 words
      • 581 19  -  The limited edition Bentley Continental Flying Star promises to be familiar yet exclusive. By Samuel Ee samuelee@sph.com.sg ANOTHER exclusive Italian super sports car has just parked itself in a showroom off the PIE, next to Lamborghini and Pagani. Touring Superleggera has appointed EuroSports Auto as its exclusive
        581 words
    • GOLF
      • 1396 20  -  Online, offline golfing networks are just the ticket for those who don’t have golf club memberships, says Justine Moss Justine Moss btnews@sph.com.sg WITH the cost of Singapore golf club memberships out of the reach of many foreigners who come here to live permanently or temporarily there
        PHOTO: URBAN FAIRWAYS  -  1,396 words





  • Page 9 Advertisements
    • 679 9 wine&dine with BTWeekend Golden Peony Two Temasek Boulevard Z6432 7482 Conrad Centennial Singapore’s award-winning Chinese restaurant, Golden Peony offers an array of impressive contemporary Cantonese dishes and innovative dim sum creations prepared by top Hong Kong chefs. Set menus and customised creations are also available upon request. For exclusive dining,
      679 words

  • Page 10 / 11 Advertisements
    • 67 10 / 11 VALUABLE PROPERTIES INVALUABLE SERVICE Knight Frank Knight Frank Valuation Team offers appraisal services on properties for mortgage, sale or purchase, public listing, financial reporting, insurance, rental reviews, litigation and statutory valuations (including for property tax and compulsory acquisition). Call Knight Frank Advisory Services at 6222 1333 or visit www.knightfrank.com.sg for
      67 words


  • Page 13 Advertisements
    • 33 13 HOME NEE S It's time to finally get rid of these pests! To find out more, turn to CLASS 116 in CATS Classified in The Straits Times now. WATS BUY IT-SELL IT-FIND IT
      33 words


  • Page 16 Advertisements
    • 259 16 c and IK v tWt *s* HEART, STROKE CANCER CENTRE "A medical centre of Singapore Heart. Stroke and Cancer Centre preserving Health Longevity «r Expertise in the Prevention, early Detection and Management of Heart disease. Stroke and Cancer Multi-disciplinary team of highly experienced specialists in various fields led by internationally
      259 words