The Business Times, 2 March 2013
This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.
2013-03-02
1
20
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section20 2013-03-02 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g MARCH 2-3, 2013 S$1.00| MICA (P) 075/08/2012 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION20 words
-
Article29 2013-03-02 1 MOTORING THE ARF changes have resulted in price hikes for most makes affected by the tiered structure but a few are cutting prices. 429 words
-
Article25 2013-03-02 1 LITIGATION PEOPLE should use alternative dispute resolution (ADR) services first to settle legal spats before turning to the courts.| 825 words
-
Article27 2013-03-02 1 COMPANIES FORMER CapitaLand chief Liew Mun Leong will retire as chairman and non-executive director of CapitaMalls Asia at its AGM. 1427 words
-
Article23 2013-03-02 1 PROPERTY SHOEBOX units could benefit from the new tax policy which imposes a more progressive structure on homes. 1723 words
-
Article19 2013-03-02 1 MARKETING ALCOHOL-beverage companies are engaging in “premiumisation” of their brands, according to Accenture. 1819 words
-
884 2013-03-02 1 Nisha Ramchandani - Rates keep rising as preliminary estimates put 2012 visitor arrivals at 14.37 million By Nisha Ramchandani nishar@sph.com.sg Singapore IN A year dogged by weak economic growth, hotel room rates in Singapore climbed to a record high, coming in at an884 words
-
Article, Illustration510 2013-03-02 1 Virginie Mangin - PMI stalls, casting shadow on recovery, but February data may have been distorted by factory closures during CNY By Virginie Mangin btworld@sph.com.sg Beijing GROWTH in China’s manufacturing activity slowed in February, showing that the rebound underway in the world’s second largest economyPHOTO: REUTERS - 510 words
-
Page 1 Advertisements
-
Advertisement14 2013-03-02 1 3| I I. 1.: THE RAFFLES CONVERSATION 10-11 LIVING Gourmet meals on wheels L2-414 words
-
Advertisement6 2013-03-02 1 CEOS' HAWKER CHOICES Western delights L10-126 words
-
Advertisement11 2013-03-02 1 SHOW ME THE MONEY How profitable is a bullet-proof portfolio?| 3311 words
-
-
TOP STORIES
-
MARKETS
-
Article57 2013-03-02 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 EST57 words
-
Article29 2013-03-02 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: Bloomberg29 words
-
Article48 2013-03-02 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 0.97748 words
-
-
Article, Illustration823 2013-03-02 2 Jeffrey Hutton - 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, hasPHOTO: BLOOMBERG - 823 words
-
Article, Illustration1045 2013-03-02 4 Samuel Ee - 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 fewFILE PHOTO - 1,045 words
-
612 2013-03-02 5 Ronnie Lim - 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 natural612 words
-
Article, Illustration641 2013-03-02 5 Malminderjit Singh - 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 2013-03-02 6 Neeta Lal - 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”684 words
-
754 2013-03-02 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. MeatReuters - 754 words
-
Article, Illustration850 2013-03-02 7 Joyce Hooi - 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 myPHOTO: REUTERS - 850 words
-
398 2013-03-02 7 Lee U-Wen - 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 just398 words
-
Article, Illustration508 2013-03-02 8 Grace Leong - 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 resolution508 words
-
-
Page 2 Advertisements
-
Advertisement101 2013-03-02 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 L18-19101 words
-
-
Page 3 Advertisements
-
Advertisement133 2013-03-02 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, this133 words
-
-
Page 5 Advertisements
-
Advertisement46 2013-03-02 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.sg46 words
-
-
Page 6 Advertisements
-
Advertisement49 2013-03-02 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 6.49 words
-
-
Page 7 Advertisements
-
Advertisement30 2013-03-02 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 SINGAPORE30 words
-
-
Page 8 Advertisements
-
Advertisement112 2013-03-02 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 thankful112 words
-
-
WEEK IN REVIEW
-
THIS WEEK Feb 25-March 1, 2013
-
66 2013-03-02 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 expects66 words
-
50 2013-03-02 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.50 words
-
61 2013-03-02 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 $5.361 words
-
52 2013-03-02 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 Certificates52 words
-
50 2013-03-02 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.50 words
-
Article75 2013-03-02 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 the75 words
-
61 2013-03-02 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’61 words
-
Article, Illustration62 2013-03-02 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 onFILE PHOTO - 62 words
-
63 2013-03-02 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 rate63 words
-
86 2013-03-02 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 to86 words
-
73 2013-03-02 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 an73 words
-
-
Article84 2013-03-02 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 Reserve84 words
-
-
Page 9 Miscellaneous
-
Miscellaneous303 2013-03-02 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 of303 words
-
Miscellaneous20 2013-03-02 9 SATURDAY with Ludwig ‘My wife is willing to join me only if she finds a duty-free shop along the way20 words
-
-
THE RAFFLES CONVERSATION
-
Article, Illustration2682 2013-03-02 10 / 11 Anthony Rowley - 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 aPHOTO: BLOOMBERG - 2,682 words
-
-
COMPANY NEWS
-
Article, Illustration376 2013-03-02 12 R Sivanithy - 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 (earningsPHOTO: BLOOMBERG - 376 words
-
784 2013-03-02 12 Andrea Soh - 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 resurfaced784 words
-
Article, Illustration614 2013-03-02 13 Carine Lee - 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 inST FILE PHOTO - 614 words
-
385 2013-03-02 13 Teo Si Jia - 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 with385 words
-
291 2013-03-02 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 deliveryReuters - 291 words
-
Article, Illustration457 2013-03-02 14 Ong Chor Hao - 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 AprilBT FILE PHOTO - 457 words
-
Business briefing
-
98 2013-03-02 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. Revenue98 words
-
60 2013-03-02 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 profit60 words
-
101 2013-03-02 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, attributed101 words
-
72 2013-03-02 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. For72 words
-
-
Article, Illustration702 2013-03-02 15 R Sivanithy - 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 and702 words
-
Article, Illustration340 2013-03-02 15 Jasmine Ng - 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 $116.1 million, which was mainly due to the contributions fromST FILE PHOTO - 340 words
-
Article154 2013-03-02 15 VOL CLOSE A l bedo 431,328 5 6 -5.9 51.3 IPCO Intl 430,175 3 1 -0.2 -6.1 Cedar 268,091 1 2 -0.1 -7.7 Conte l 257,692 9 1 -1.0 -9.9 Carr i erNet 252,028 2 9 -0.4 1 2.1 Compact 242,365 1 0.0 0.0 Equation 228,945 2154 words
-
Article111 2013-03-02 15 Stock name Close Change CapMallsAsia 2.070 -0.010 CapitaLand 3.860 -0.050 CapitaMall 2.120 -0.030 CityDev 11.13 -0.040 ComfortDelGro 1.940 +0.020 DBS Grp 15.15 +0.040 F&N 9.440 GLP 2.550 +0.010 Genting SP 1.555 -0.020 Golden Agri 0.630 -0.020 HK Land 7.610 -0.120 IHH Healthcare 1.355 +0.010 JMH 65.51 +2.190 JSH111 words
-
Article62 2013-03-02 15 BY CENTS CLOSE UP JMH 6551 271.1 3.5 DBXT iBoxxSing 5SG$ ***** 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 DBS62 words
-
Article58 2013-03-02 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 Corp58 words
-
-
Page 14 Advertisements
-
Advertisement48 2013-03-02 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 IT48 words
-
Advertisement70 2013-03-02 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/ Controller70 words
-
-
FROM THE DESK OF
-
Article, Illustration931 2013-03-02 16 Herbert Vongpusanachai - 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 the931 words
-
-
SINGAPORE NEWS
-
627 2013-03-02 17 Mindy Tan - 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 appeal627 words
-
482 2013-03-02 17 Benjamin Aw - 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 working482 words
-
Article, Illustration258 2013-03-02 17 Maria Mala Yogalingam - 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 named258 words
-
Article, Illustration402 2013-03-02 18 Amanda Tan - 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 globalPHOTO: BLOOMBERG - 402 words
-
532 2013-03-02 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
-
Advertisement193 2013-03-02 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? P193 words
-
-
WORLD
-
561 2013-03-02 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 FebruaryBloomberg; Reuters - 561 words
-
386 2013-03-02 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 £1.34AP - 386 words
-
Article, Illustration531 2013-03-02 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
-
Article, Illustration847 2013-03-02 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 establishmentReuters; PHOTOS: REUTERS - 847 words
-
Article, Illustration762 2013-03-02 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 andBloomberg; PHOTO: AP - 762 words
-
436 2013-03-02 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-drivenReuters - 436 words
-
Briefing
-
56 2013-03-02 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 2.4Bloomberg - 56 words
-
104 2013-03-02 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 thatReuters - 104 words
-
89 2013-03-02 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 biggestReuters - 89 words
-
39 2013-03-02 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. AFPAFP - 39 words
-
-
Article, Illustration792 2013-03-02 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 changeReuters; PHOTO: REUTERS - 792 words
-
236 2013-03-02 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 ofReuters - 236 words
-
-
Page 20 Advertisements
-
Advertisement25 2013-03-02 20 Uhk A KISS92 U#*grr****P CATCH THE NISSAN KISS 92 KISS MOBILE TUNE IN TO KISS 92 TO FIND OUT WHERE WE’LL BE! kiss92.sg facebook.com/kiss92fm @kiss92fm25 words
-
Advertisement5 2013-03-02 20 www.omy.sg m m MtntfS showbiz.omy.sg5 words
-
-
Page 22 Advertisements
-
Advertisement25 2013-03-02 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.sg25 words
-
-
Article8290 2013-03-02 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 1.68,290 words
-
Article1853 2013-03-02 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 $mil 21.5 15 t 800 Super 19.6 19 20.5 3.3 5.1 5.9 35 4.3 2.8 t AA Grp 4.3 3.7 4.5 215 4.1 96 17.2 t1,853 words
-
Article186 2013-03-02 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 12 2 0 0 0 2 12 2 Manufacturing 27 112 31 3 20 4 30 132 35 Commerce 14 40 13 2 6 2 16 46 15 Tpt/Stor/Comms 7 26 9186 words
-
Article123 2013-03-02 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 115,023 115,023 84,148 84,148 Manufacturing 1,482,854 1,258,684 2,741,538 418,879 28,302 447,181 Commerce 453,854 484,462 938,316 114,007 25,968 139,975 Tpt/Stor/Comms 130,339 20,825 151,164 159,810 7,322 167,132 Finance 72,161 589 72,750 175,623 265 175,888 Construction 709,306 221,334123 words
-
Article758 2013-03-02 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 25 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Pac Healthcare 1-Mar-13 Chong Lai Leong *Buy 288 0.09 ***** 12.49 ***** 12.56 Serial Sys 1-Mar-13 Magadeline758 words
-
MARKETS
-
Article80 2013-03-02 27 Feb 28 COCOA (£/tonne) Close Prev High/Low Mar 13 1409 1411 1413/1397 May 13 1429 1426 1434/1414 Jul 13 1446 1439 1450/1429 Sep 13 1460 1449 1464/1439 COFFEE(US$/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 213180 words
-
Article67 2013-03-02 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
-
Article57 2013-03-02 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 2377.057 words
-
Article86 2013-03-02 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-17 108.1386 words
-
Article154 2013-03-02 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 1.5169154 words
-
Article121 2013-03-02 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 ,•<* «v121 words
-
Article104 2013-03-02 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 49.56104 words
-
Article, Illustration27 2013-03-02 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: BloombergSource: Bloomberg - 27 words
-
Article, Illustration21 2013-03-02 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: BloombergSource: Bloomberg - 21 words
-
Article, Illustration25 2013-03-02 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: BloombergSource: Bloomberg - 25 words
-
Article, Illustration18 2013-03-02 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: BloombergSource: Bloomberg - 18 words
-
Article, Illustration26 2013-03-02 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: BloombergSource: Bloomberg - 26 words
-
Article68 2013-03-02 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$/barrel OpecOil Basket Price 108.6268 words
-
Article69 2013-03-02 27 Feb 28 Aluminium, 99.7% purity (US$/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 *****.5069 words
-
373 2013-03-02 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 5.7373 words
-
-
PERSPECTIVE
-
Article, Illustration991 2013-03-02 28 / 29 Paul R Ehrlich, Anne H Ehrlich - 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 2013-03-02 28 / 29 Vijay Verghese - 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 across865 words
-
-
Wealth
-
WEALTH INVESTING
-
Article, Illustration1404 2013-03-02 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 investorNYT; PHOTO: AFP - 1,404 words
-
Article729 2013-03-02 30 / 31 Joyce Hooi - 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$472 million was up 47729 words
-
Article, Illustration1122 2013-03-02 32 Joanne Warner - It offers an alternative way of investing in emerging economies where demand for commodities is growing WEALTH INSIGHTS Joanne Warner ~The writer is the head of global resources at First State Investments and the lead portfolio manager for the First State Global ResourcesSource: Bloomberg - 1,122 words
-
Article, Illustration1111 2013-03-02 33 Teh Hooi Ling - A balanced portfolio with allocations to cash, bonds, gold and equities may have to contend with a lower return SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder IN my column in The Sunday Times last week,1,111 words
-
-
WEALTH REAL ESTATE
-
Article, Illustration405 2013-03-02 34 Foreign investors increase their holdings of govt bonds for seventh straight month Bloomberg London UK mortgage approvals unexpectedly declined in January, indicating continuing weakness in the housing market. Lenders granted 54,719 mortgages, down from a revised 55,632 in December, the Bank of England (BOE)Bloomberg; PHOTO: BLOOMBERG - 405 words
-
Article484 2013-03-02 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES TRANSACTIONS BETWEEN JAN 30 AND FEB 5, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Altez Apt 31/01/2013 99 549 950 1730 Spottiswoode Suites Apt 31/01/2013 FH 581484 words
-
Article, Illustration810 2013-03-02 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 toBloomberg; PHOTO: BLOOMBERG - 810 words
-
191 2013-03-02 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 perBloomberg - 191 words
-
273 2013-03-02 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 perBloomberg - 273 words
-
-
-
Page 36 Advertisements
-
Advertisement218 2013-03-02 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
-
Advertisement62 2013-03-02 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 western62 words
-
-
BT Living
-
DINING
-
Article, Illustration3116 2013-03-02 2 / 3 Debbie Yong - 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 aPHOTOS: JOHN HENG; PHOTOS: THE BIG SHEILA - 3,116 words
-
Article, Illustration910 2013-03-02 5 Jaime Ee - 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, Illustration1632 2013-03-02 6 / 7 Jaime Ee - 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 andPHOTOS: SAMUEL EE; INTERIOR PHOTO: ONSEN RESORT BETTEI SENJYUAN - 1,632 words
-
Article, Illustration614 2013-03-02 8 Jaime Ee - 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 bustlingPHOTOS: TOKYO PALACE HOTEL; PHOTOS : TOKYO PALACE HOTEL - 614 words
-
-
CEOS' HAWKER CHOICES 2013
-
Article, Illustration2956 2013-03-02 10 / 11 Geoffrey Eu; Sara Yap; Natalie Koh; Tay Suan Chiang - 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 arePHOTOS: YEN MENG JIIN; PHOTO BY SARA YAP; PHOTO BY YEN MENG JIIN - 2,956 words
-
Article, Illustration529 2013-03-02 12 Geoffrey Eu - 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. FullyPHOTO: YEN MENG JIIN - 529 words
-
-
STYLE
-
Article, Illustration1253 2013-03-02 13 Corinne Kerk - 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 worthPHOTOS: CORINNE KERK - 1,253 words
-
-
HOME & GARDEN
-
Article, Illustration959 2013-03-02 14 / 15 Tay Suan Chiang - 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 toPHOTOS: JOSEPH NAIR - 959 words
-
-
HEALTH
-
Article, Illustration757 2013-03-02 16 Cheah Ui-Hoon - 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 itPHOTO: AFP - 757 words
-
-
SPORT
-
Article, Illustration941 2013-03-02 17 Lee U-Wen - 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 brutalPHOTOS: REUTERS - 941 words
-
-
MOTORING
-
Article, Illustration570 2013-03-02 18 Samuel Ee - 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; it570 words
-
Article, Illustration581 2013-03-02 19 Samuel Ee - 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 exclusive581 words
-
-
GOLF
-
Article, Illustration1396 2013-03-02 20 Justine Moss - 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 therePHOTO: URBAN FAIRWAYS - 1,396 words
-
-
-
Page 9 Advertisements
-
Advertisement679 2013-03-02 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
-
Advertisement67 2013-03-02 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 for67 words
-
-
Page 13 Advertisements
-
Advertisement33 2013-03-02 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 IT33 words
-
-
Page 16 Advertisements
-
Advertisement259 2013-03-02 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 internationally259 words
-