The Business Times, 9 March 2013

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Microfilm: NL32515
Total Pages: 47
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    21 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g MARCH 9-10, 2013 S$1.00| S$1.00| MICA (P) 075/08/2012 Sfiy A SINGAPORE PRESS HOLDINGS PUBLICATION
    21 words
  • Article
    Lock icon New formula for used-car OMV
    39 1 MOTORING THE Monetary Authority of Singapore will allow depreciation to be taken into account when calculating the open market value of a used motor vehicle to determine the loan-to-value ratio for car loans. 2
    39 words
  • Article
    Lock icon Bumper hedge-fund year ahead
    32 1 INVESTING INSTITUTIONAL investors see the global hedge fund industry growing 10 per cent in 2013, with total assets reaching US$2.42 trillion by the end of the year. 4
    32 words
  • Article
    Lock icon Bankruptcy laws under review
    30 1 DISCHARGING “I think there is merit in differentiating between the different types of bankrupts,” says Law Minister K Shanmugam in response to MP Vikram Nair. 5
    30 words
  • Article
    Lock icon Wireless@SG speed to double
    31 1 SURFING THE free service will become, in progressive stages, twice as fast as the relatively sluggish one megabits per second (1Mbps) that users are experiencing now. 6
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  • Article, Illustration
    Lock icon Govt to drive down prices of BTO flats
    974 1  -  Public housing policy to be relooked as Khaw announces series of new measures By Mindy Tan tanmindy@sph.com.sg Singapore INGAPORE will relook its public housing policies and try to bring down the prices of built-to-order (BTO) flats. While the housing policy had enabled
    974 words
  • Article
    Lock icon Profitable firms likely to profit more from wage credit
    940 1  -  By Teh Shi Ning tshining@sph.com.sg Singapore MORE profitable companies stand to benefit more from the Wage Credit Scheme (WCS) since bonuses, commissions and overtime pay are included in calculations of gross monthly pay increments. But this will not detract from the
    940 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        56 2 HSTI 3,289.53 (-9.01) HSTI FUTURES 3,283.00 (-9.00) HSIMSCI 370.43 (-1.18) HSIMSCI FUTURES 371.00 (-0.90) Fn'jsy KL COMP 1,653.96 *3.03 NIKKEI 225 12,283.62 *315.54 HANG SENG 23,091.95 +320.51 SET 1,566.92 +5.94 JAKARTA 4,874.50 +26.20 MANILA 6,833.77 +108.64 KOSPI 2,006.01 +1.61 SHENZHEN B 826.99 -4.51 MUMBAI 1ND 19.683.23 +269.69 rmm ISSi
        56 words
      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.254 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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      • Article
        Lock icon FOREX
        48 2 '/SI S3 USS (SS per USS) 1.246 (US$/5$ per 1.500 1.868 EURO(U5$/SS/€ 1.309 1.630 Foreign currency per USS SS YEN 95.40 76.60 RM 3.106 2.494 HKS 7.757 6.228 BAHT 29.77 23.90 RUPIAH 9.685 7.776 RENMINBI 6.216 4.991 INDIAN RUPEE 54.36 43.65 AS 0.975 0.783 NZS 1.210 0.971
        48 words
    • Article, Illustration
      Lock icon Car depreciation will be factored into loan value
      452 2  -  MAS also details exemption from curbs for physically disabled By Nisha Ramchandani nishar@sph.com.sg Singapore THE Monetary Authority of Singapore (MAS) will allow depreciation to be taken into account when calculating the open market value (OMV) of a used motor vehicle to determine
      FILE PHOTO  -  452 words
    • Article
      Lock icon Correction
      41 2 THE headline and first paragraph of our story, “Investmentlinked bonds not a good idea” (BT, March 8), made reference to investment-linked bonds. This is incorrect. The reference should have been to inflation-linked bonds instead. We are sorry for the error.
      41 words
    • Article, Illustration
      Lock icon Surprise exports surge lifts China’s trade surplus
      587 3  -  Feb exports up 21.8% year on year to US$1 39b, imports fall 1 5.2%: customs By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S trade data surprised on the upside in February with exports rising more than 20 per cent last month, a positive sign for
      587 words
    • Article
      Lock icon Record hedge-fund AUM seen this year
      586 4  -  Investors in Credit Suisse survey see markets returning between 2.9% and 10.4% on average By Michelle Quah michquah@sph.com.sg Singapore SOME 550 institutional investors from around the world say they see the hedge fund industry growing 10 per cent in 2013, with total assets reaching
      586 words
    • Article, Illustration
      Lock icon SEATCA points TPP negotiators to treaty
      551 4  -  By Malminderjit Singh msingh@sph.com.sg Singapore NEGOTIATORS of 11 countries huddled in the Trans Pacific Partnership (TPP) trade talks here this week continued to be dismissive of a global treaty proposing controls on the trade in tobacco, said a pro-tobacco control group yesterday. The Southeast
      551 words
    • Article
      Lock icon Bankruptcy, insolvency laws’ review in 2013
      733 5  -  Liberalisation of legal services sector helps boost value of legal services exported from S’pore DEBATE ON BUDGET 2013 By Grace Leong gleong@sph.com.sg Singapore THE Republic’s laws on bankruptcy and insolvency are set to be reviewed this year, Law and Foreign Affairs Minister K Shanmugam
      733 words
    • Article
      Lock icon Wireless@SG speed to double in stages
      893 6  -  Users can opt to pay for even faster access, above the free island-wide Wi-Fi surfing DEBATE ON BUDGET 2013 By Joyce Hooi joyceh@sph.com.sg Singapore AS tiered data plans make themselves felt on subscriber pockets, a faster Wireless@SG service will start next month. The free
      893 words
    • Article
      Lock icon TV content pricey? Tell your operator
      466 6  -  By Joyce Hooi joyceh@sph.com.sg Singapore TV viewers who are unhappy about content costs should make their displeasure known to their TV operators, said Minister for Communications and Information Yaacob Ibrahim yesterday. “Ultimately, I think consumers will have to reflect their unhappiness to the content
      466 words
    • Article, Illustration
      Lock icon Jobless rate falls to 4-year low in February
      528 8 Non-farm payrolls swell by 236,000 jobs, Labor Department statistics show LATEST US DATA Reuters Washington EMPLOYERS in the US stepped up hiring in February, pushing the unemployment rate to a four-year low and suggesting that the economy has enough momentum to withstand
      Reuters; PHOTO: AP  -  528 words
    • Article
      Lock icon French deficit rises as tax receipts dip
      505 8 Reuters Paris FRANCE will barely dodge recession in the first quarter of the year, with the weak economy hurting the government’s efforts to rein in the budget deficit, data showed yesterday. In a monthly survey, the central bank maintained its forecast of 0.1
      Reuters  -  505 words
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      60 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 LIVING Design L2-4 Dining L5-9 CEOs’ Hawker Choices L10-12 Health L13 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 Show Me The Money 33 Househunt 34 Real Estate
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      Lock icon Page 3 Advertisements Column 1
      154 3 w UEM LAND W ik si HOMES TO-YOU ROAD SHOW V nV-b UEM LAND A member of UEM Group DON’T MISS THIS GOLDEN OPPORTUNITY! Find out how you can benefit from UEM Land properties in Nusajaya, Cyberjaya and Mont’Kiara. Date 9 10 March 2013 (Sat Sun) Time Session 1 10.30am
      154 words
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      Lock icon Page 5 Advertisements Column 1
      437 5 th 30 SHOW Cn\/f A 13 r F Investment k3iTljrlXVX International Property Expo LOCAL OVERSEAS PROPERTY STOCKS FUNDS ALTERNATIVE INVESTMENT 16 (Sat) 17 (Sun) March 2013 11 am 7pm Hall A, Sands Expo Convention Center, Marina Bay Sands (Bayfront MR! station, Exit D) Show Highlights This Weekend Join SMART Expos
      437 words
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      78 7 2013 The Business Times CORPORATE GOLF LEAGUE DRIVE YOUR BUSINESS FROM THE FAIRWAY. G'.. “V. A A;GLsvR. :G„ A Gg|; J ,:Vrr A v. V.•X*-* nr 'fcG;G; v G ViA -T-l Be part of the league. Sign up for the definitive corporate golf event of the year. Date From July
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      75 8 V. 7 rJ L 13 I r? S s ,*4 > rJ L P I n IS f-4 m3 -J U 1 FIND THE ONES > 3 THAT FIT! UJ Recruit the right people i through CATS Recruit. <f =s= i Call 1800 289 8822 or email S 1 recruit@sph.com.sg
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  • WEEK IN REVIEW
    • THIS WEEK March 4-8, 2013
      • Article
        Lock icon Iskandar beckons, but investors beware
        59 9 ISKANDAR Malaysia may hold out promise to Singapore firms seeking a reprieve from high costs, or to property investors looking for a lucrative project, but the process of making an investment there appears tricky. Property consultants here say that they have had difficulties advising clients
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      • Article
        Lock icon Japanese IPOs may revive on SGX
        50 9 THE Singapore Exchange’s efforts to woo Japanese companies to list here may now be paying off. Real estate firm Tosei Corporation is looking to launch a secondary listing here, amid what industry players described as heightened interest from Japanese firms in listing in Singapore.
        50 words
      • Article
        Lock icon S’pore’s Islamic finance dream is fading fast
        50 9 WHILE Malaysia continues powering ahead in Islamic finance, which is based on ethical principles and bans interest, Singapore seems to have given up the ghost. At least one leading player has already exited the retail Islamic finance market here to focus on Malaysia.
        50 words
      • Article
        Lock icon Manufacturing sector not out of the woods
        66 9 THE manufacturing recovery in Singapore continues to sputter, despite an improvement in the key electronics sector, going by the purchasing managers’ index for February. The barometer of industrial activity’s latest reading of 49.4 signalled that the sector shrank, af- ter edging above the
        66 words
      • Article
        Lock icon Wage credit may help big boys more: MPs
        60 9 THE Wage Credit Scheme may benefit larger firms more than the small and medium enterprises that need the most help as Singapore restructures, members of parliament said. Concerns include that it may result in artificially high wages with no real efficiency gains,
        60 words
      • Article
        Lock icon China bets on domestic demand to grow 7.5%
        55 9 CHINA will boost fiscal spending in an effort to grow 7.5 per cent this year. “We should unswervingly take expanding domestic demand as our long-term strategy for economic development,” outgoing Prime Minister Wen Jiabao told some 3,000 delegates gathered at the opening
        55 words
      • Article
        Lock icon Give locals fair shot at white-collar jobs: MPs
        53 9 THE government’s latest moves to ensure Singaporeans get a fair chance at higher-skilled jobs continued to win MPs’ approval on day two of the Budget debate. But MPs also stressed the need to stay open to talent if Singapore is to retain
        53 words
      • Article
        Lock icon China making waves with Titanic replica
        73 9 A MID-SIZED, state-owned Chinese shipbuilder wants to break into the luxury cruise ship market and it will do this by building a replica of the Titanic, no less. Nanjing-based CSC Jinling Shipyard, which is teaming up with Blue Star Line, a company set up
        73 words
      • Article, Illustration
        Lock icon SMEs to scoop up bulk of budget giveaways
        82 9 SMALL and medium enterprises are at the heart of Singapore’s push for quality growth, and will get the bulk of the $5.9 billion set aside to help businesses. This is because the incentives and measures were designed with them in mind, Finance
        PHOTO: BLOOMBERG  -  82 words
      • Article
        Lock icon Fares to be kept low on high-speed train to KL
        67 9 MAKING sure fares are “affordable and attractive” is one of the priorities being discussed for the proposed high-speed rail link connecting Singapore and Kuala Lumpur, said Malaysia’s International Trade and Industry Minister Mustapa Mohamed. “From our initial study, it appears
        67 words
      • Article
        Lock icon Tharman explains approach to inequality
        50 9 SPENDING better is more crucial than merely spending more, and steps to make the tax system more progressive must consider both equity and economic dynamism, said Deputy Prime Minister Tharman Shanmugaratnam, who devoted a chunk of his speech to explaining the government’s approach to inequality.
        50 words
    • Article
      Lock icon NEXT WEEK Mar 11-15, 2013
      81 9 US DATA March 13 Feb retail sales Feb import/export prices March 14 Feb PPI Q4 Current Account Balance March 15 Feb CPI Feb industrial production SINGAPORE DATA March 15 Jan retail sales and food and beverage services indices EVENTS March 9 G-20 Sherpas’ Meeting March
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      329 9 CRYPTIC CROSSWORD Across 1 One who takes each issue as it comes (7,6) 10 Necessarily involves a silent working (7) 11 Cat provides company in flood (7) 12 Christian names should include hers (4) 13 Very light, for example (5) 14 France’s summer celebration (4) 17 Caviare might produce such
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      16 9 SATURDAY with Ludwig ‘It’s slightly lower than the current resale price due to a small defect.’
      16 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Builder of business
      1991 10 / 11  -  Global Logistic Properties’ Jeffrey Schwartz shares his business philosophy with Lynn Kan Lynn Kan lynnkan@sph.com.sg JEFFREY Schwartz arrives, bulging leather briefcase in tow, every part the globe-trotting road-warrior co-founder of Global Logistic Properties (GLP), the Singapore-listed developer of warehouses in China, Japan and now, Brazil. Mr Schwartz,
      ARTHUR LEE  -  1,991 words
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  • COMPANY NEWS
    • Article
      Lock icon A-Reit placement draws strong demand
      369 12  -  Trust raises gross proceeds of $406.4m, closes order book for the exercise in one day By Angela Teng, Nisha Ramchandani angeteng@sph.com.sg nishar@sph.com.sg Singapore ASCENDAS Real Estate Investment Trust (A-Reit) closed the order book for its private placement in the space of a day thanks to
      369 words
    • Article
      Lock icon MIIF management fee structure plan approved
      504 12  -  By Mindy Tan tanmindy@sph.com.sg Singapore THE resolution regarding Macquarie International Infrastructure Fund’s (MIIF) proposal to amend its management fee structure was passed, along with all other resolutions put up during its annual general meeting (AGM) yesterday. Specifically, the resolution to approve the management fee
      504 words
    • Article, Illustration
      Lock icon MGCCT prepared for further HK$ weakness
      437 12 Bloomberg Singapore MAPLETREE Greater China Commercial Trust (MGCCT), which debuted in Asia’s biggest share sale this year, is ready for a further depreciation of the Hong Kong dollar against the Singapore currency, chief executive officer Cindy Chow said. “We are prepared to hedge up
      Bloomberg; PHOTO: BLOOMBERG  -  437 words
    • Article
      Lock icon SIA joins ranks of globally most admired companies
      334 13  -  By Maria Mala Yogalingam ymaria@sph.com.sg Singapore A POLL by Fortune magazine has ranked Singapore Airlines (SIA) among the 50 most admired companies in the world. The carrier came in at 31st on the annual list. Apple, Google and Amazon. com in that
      334 words
    • Article
      Lock icon Hyflux desalination plant starting up without in-house power
      598 13  -  By Ronnie Lim ronnie@sph.com.sg Singapore DESALINATION group Hyflux, which is starting up its $1.05 billion Tuaspring desalination plant in the second half of this year, will have to power the facility in the interim with electricity purchased from Singapore’s main power grid.
      598 words
    • Article, Illustration
      Lock icon Jardine Matheson posts 51% drop in FY12 profit
      356 13  -  Astra the largest revenue contributor despite weakening rupiah By Carine Lee carinel@sph.com.sg Singapore JARDINE Matheson Holdings’ net profit for the fiscal year ended Dec 31, 2012 fell 51 per cent to US$1.69 million from US$3.45 million a year earlier. Profit attributable to
      PHOTO: AFP  -  356 words
    • Article, Illustration
      Lock icon SMRT shares fall after wage revision
      418 14  -  RHB downgrades stock to ‘sell’, lowers its target price By Lee Meixian leemx@sph.com.sg Singapore SHARES of SMRT Corporation fell as much as two cents yesterday on the back of unfavourable analyst reports, a day after the public transport operator unveiled a pay rise for
      THE NEW PAPER FILE PHOTO  -  418 words
    • Article, Illustration
      Lock icon StanChart leads revival in note sales tied to China firms
      354 14 Bloomberg Hong Kong STANDARD Chartered Plc is leading a revival in sales of structured notes tied to the debt of China’s largest companies as investors seek access to assets underpinned by growth in the world’s sec-ond-biggest economy. The lender’s Hong
      Bloomberg; PHOTO: AFP  -  354 words
    • Article, Illustration
      Lock icon STI slides as property counters take a beating
      515 15  -  STOCKS Ven Sreenivasan ven@sph.com.sg Senior Correspondent SEQUESTER? What sequester? Obviously, some people in Wall Street have not heard about the logjam in Washington which could trigger some US$85 billion in public spending cuts. Why else would the market hit several consecutive record
      515 words
    • Article
      Lock icon TOP 20 ACTIVES
      156 15 VOL CLOSE A l bedo R 214,867 3 2 0.0 0.0 Tha i Beverage 1 62,225 61 4.0 7.0 Rowsley 1 47,281 51 1.0 2.0 WE H l dgs 1 40,462 12 8 2.2 1 4.7 YHM 1 21,993 3 6 0.2 5.3 See Hup Seng 1
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    • Article
      Lock icon STI STOCKS
      111 15 Stock name Close Change CapMallsAsia 2.000 -0.010 CapitaLand 3.620 -0.110 CapitaMall 2.100 -0.030 CityDev 11.20 -0.200 ComfortDelGro 1.880 -0.020 DBS Grp 15.49 F&N 9.440 GLP 2.600 +0.030 Genting SP 1.530 -0.010 Golden Agri 0.605 -0.005 HK Land 7.350 -0.120 IHH Healthcare 1.385 -0.005 JMH 66.98 +0.400 JSH 39.61
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    • Article
      Lock icon TOP GAINERS
      61 15 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 409.7 2.2 DBXT Nifty 10US$ ***** 250.3 1.9 JSH 3961 114.6 2.4 IS S&P500 ***** 104.6 0.5 DBXT MSAsExJp 10US$ 3388 61.0 1.5 JMH 6698 49.8 0.6 DBXT MSINDO 10us$ 1730 34.9 1.6 Lyxor AsiaRE 10US$ 1121 27.4 2.0
      61 words
    • Article
      Lock icon TOP LOSERS
      56 15 BY CENTS CLOSEDOWN DBXT MSKorea 10US$ 6026 -97.1 -1.3 Hyflux 6% CPS 10 ***** -60.0 -0.6 GLD 10US$ ***** -59.8 -0.3 Jardine C&C 5425 -55.0 -1.0 DairyFarm 1212 -49.8 -3.2 CityDev 1120 -20.0 -1.8 Capitaland.ES.1303 361 -16.0 -4.2 DBXT S&P Short 10US$ 3200 -14.9 -0.4 HK Land 735
      56 words
    • Article, Illustration
      Lock icon China Minzhong plans US$ bond amid rising interest
      432 15 Bloomberg Singapore CHINA Minzhong Food Corp is planning a US dollar-denominat-ed bond as Asia-Pacific note sales reach a five-week high. Debt risk in Australia and Japan declined to the lowest since 2011. The vegetable processor based in the south-eastern province of Fujian
      Bloomberg  -  432 words
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      65 14 Need a helping hand to nab the highest price? Placing an Auction orlenders Notice in an SPH newspaper is an effective way to reach out to potential business partners to interest them in your projects. Not only does it enhance the visibility of your company, it increases the chances of
      65 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon BYOD: The hidden risks to productivity
      1083 16  -  Bring-your-own-device to the workplace is a top concern for enterprise mobile security. As the challenges and concerns are significant, a comprehensive mobility management and security platform is essential Jim Watson Vice-president and corporate general manager for Asia Pacific Good Technology SHAPING the mobile workforce
      1,083 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Quotas for women in the boardroom?
      544 17  -  Panel says challenge is for boards to appreciate how diversity can produce better results By Ng Sai Ying nsaiying@sph.com.sg IN a nod to International Women’s Day yesterday, a panel was convened to discuss the issue of women in the boardroom and senior management or,
      544 words
    • Article, Illustration
      Lock icon She brews a cuppa joy and love for uncles and aunties
      800 17  -  Employing disadvantaged people, Florence Lee has started a cafe for heartlanders in a CC By Wee Le Ting ltwee@sph.com.sg ASTAUNCHChris-tian, Florence Lee believes one should focus on what one has, not what one lacks. “God has been good to
      800 words
    • Article, Illustration
      Lock icon Weaving a web of skills for orphan girls in Cambodia
      595 18  -  Anna Tsang provides designs for them to create products that appeal to customers By Wee Le Ting ltwee@sph.com.sg ANNA Tsang, who believes “social enterprises must have a very clear social agenda”, is now soldiering on with the same mission and
      595 words
    • Article
      Lock icon MAS and PBOC double size of swap facility in new deal
      251 18  -  New agreement for 300b yuan liquidity is valid for three years By Lee Meixian leemx@sph.com.sg SINGAPORE’S central bank has doubled the size of its bilateral currency swap facility with its China counterpart, as both countries seek to promote trade
      251 words
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  • WORLD
    • Article, Illustration
      Lock icon Long way to go for yen to start export-led revival
      630 19 Weaker currency, fuel imports hurt Japan’s current account, with Jan deficit at 365b yen Reuters Tokyo JAPAN’S record third straight month of current-account deficit showed it will take time for a weaker yen to spark an exportled revival, as separate
      Reuters; PHOTO: AP  -  630 words
    • Article, Illustration
      Lock icon Japan’s economy resumes growth in 4th quarter
      558 19 Bloomberg Tokyo JAPAN’S economy returned to growth in the fourth quarter, bolstering Prime Minister Shinzo Abe’s campaign to end 15 years of deflation and revive the world’s third-biggest economy. Gross domestic product rose an annualised 0.2 per cent in the three months through
      Bloomberg  -  558 words
    • Article, Illustration
      Lock icon US banks pass Fed’s ‘easy’ stress tests
      827 20 Results show most large banks will survive a severe recession, crash in markets; but analysts feel Fed was too lenient NYT New York FOUR years after the financial crisis, US federal regulators said that many of the country’s largest banks were better prepared
      NYT; PHOTO: BLOOMBERG  -  827 words
    • Article
      Lock icon Anthoni Salim’s ventures betting on regional utilities
      490 20 Bloomberg Manila PHILIPPINE ventures of billionaire Anthoni Salim’s First Pacific Co plan telecommunications, power and water investments in Myanmar, Vietnam and Thailand to tap rising demand. “Myanmar has just opened its economy, Vietnam needs more power, and Thailand to a degree needs to
      Bloomberg  -  490 words
    • Article
      Lock icon CVC’s sale of Matahari stake attracts US$200m so far
      568 22 Schroders and Och-Ziff among potential takers for US$1 .5b stake Reuters Hong Kong CVC Capital Partners has secured about US$200 million in initial pledges from cornerstone investors, including Och-Ziff Capital Management Group LLC and asset manager Schroders, for its up to
      Reuters  -  568 words
    • Article
      Lock icon Three states call for watchdog to protect European Union’s values
      397 22 They want swift action if a member steps out of line AP Brussels GERMANY and three other nations say the European Union needs a powerful watchdog to insure that member states adhere to fundamental values including democracy, respect for human
      AP  -  397 words
    • Article
      Lock icon IMF says Irish bailout terms can be revised
      295 22 AFP Dublin THE IMF is open to changing the terms of Ireland’s bailout programme in order to help the troubled eurozone nation return to long-term bond markets, IMF chief Christine Lagarde said yesterday during a visit to Dublin. “We have an open
      AFP  -  295 words
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      Lock icon Page 21 Advertisements Column 1
      86 21 LU or O Ws ■—I CL /m Uj W 1 TOURiSi™ I !'itm V ft ir )1 r^-i 7C tti /7. A kfiWUkft Toast to the second vintage of Yao Ming, NBA star-turned-winemaker m TASTE WATCH S^PA i iiii m IK) I im m mw MARCH OUT NOW AT LEADING
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      68 22 MAR ISSUE OUT NOW! THE LATEST CAMERA TECH FROM JAfAN tr m 7-INCH TABLET TESTED Backup Your Ebooks installing office 365 Make Use of Google Drive Editors Choice Inside IN THIS ISSUE 7-IIMCH TABLETS TESTED! CAMERAS FROM CP+ SPEEDY SSD SHOOTOUT MARCH TECH FAIR’ SPECIAL! 40% Enjoy 40% off when
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  • Article
    Lock icon SGX
    8205 23 Transaction date: Mar 8 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 unch 199 13.5 13.5 13.5 14 66.8 0.4 3.2 64.7 5.8 3 A-Sonic 4 unch 114 4 4
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  • Article
    Lock icon SGX CATALIST
    1868 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 $mil 21.5 15 t 800 Super 19.1 +0.1 1 19.1 19.1 19.1 20 3.3 5.2 5.7 34.2 4.3 2.8 t AA Grp 3.9 3.5 4.6 195
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 3 0 0 0 8 5 3 Manufacturing 46 65 47 3 14 11 49 79 58 Commerce 11 27 27 2 5 4 13 32 31 Tpt/Stor/Comms 12 20 9
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 44,786 44,786 79,219 79,219 Manufacturing 587,999 452,346 1,040,345 255,995 13,922 269,918 Commerce 192,167 471,022 663,189 87,425 30,834 118,259 Tpt/Stor/Comms 149,985 16,304 166,289 208,522 5,961 214,483 Finance 76,427 650 77,077 176,501 300 176,801 Construction 280,279 122,316
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    798 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 4 Stibarinii.il Buy NO Of PrltO SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock oawi Director Conv MO Shr C'OOO) (000) \Vf »WgE *-Mir ?3 Surt Mrvi(e Kenng Sdi 611-W ***** 15.52 ***** Rbc- 1 teatHaore »3 Pac.
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 27 Mar 7 COCOA (£/tonne) Close Prev High/Low Mar 13 1386 1367 1387/1365 May 13 1401 1390 1402/1386 Jul 13 1417 1407 1417/1403 Sep 13 1430 1421 1431/1417 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2123 2085 2126/2100 May 13 2154 2113 2160/2111 Jul 13 2146 2120 2155/2119 Sep 13 2145
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      Lock icon METALS
      69 27 Mar 8 GOLD h.'S'i/Di. Mar C8 Mar 0? Hong Kong 1586.*****3.00 Mar 07 Mar 06 London SSI .81 1577.46 IS8Z.58 Source: Thomson Reuters Sll.VE« •diing rauynp PSKOOoi. 1 OJ 36.32 35.6S Source: UOB PLATINUM .on i'UWocj Mur or (J0*v Pn*v<ou'» PM Fix 1S96.0U 1590.00 AM Fin 1 S9S.0015'M.ClCi Source:
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      Lock icon FOREIGN CURRENCY NOTE RATES
      115 27 Mar 08 iTii.ii ,u.Jhu> {< i iii" unit t>t ro/ni.wi ourrwry ciiWMidvk Sell Sl,y Aurt dollar 1,309 1.247 Can dollar 1.239 1.160 Euro 1.671 1.592 Sia'ling pound 1.907 K334 NI clotef lOiih 1006 Us dollar 1.271 l.21i (at r i it Currcucief Sell Buy Chi renminbi
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    • STOCK MARKETS
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        Lock icon Straits Times Index
        20 27 YTD change: +3.87% 52-week high: 3,319.19 on Feb 4,2013 52-week low: 2,698.90 on June 4,2012 Source: Bloomberg
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        Lock icon Hang Seng Index
        19 27 YTD change:+1.92% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 18,056.40 on June 4,2012 Source: Bloomberg
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        Lock icon Shanghai Stock Exchange Composite
        21 27 YTD change: +2.18% 52-week high: 2,476.22 on March 14,2012 52-week low: 1,949.46 on Dec 4,2012 Source: Bloomberg
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        18 27 YTD change:+18.17% 52-week high: 12,283.62 on March 8,2013 52-week low: 8,238.96 on June 4,2012 Source: Bloomberg
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        26 27 YTD change: +9.35% 52-week high: 14,354.69 on March 8,2013 52-week low: 12,035.09 on June 4,2012 (Chart shows Thursday’s index closing) Source: Bloomberg
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      Lock icon PALM OIL
      51 27 Mar 8 KLCE PALM FUTURES (RM/MT) iJJiVW'lf V'T* Av Ateo n‘» ?rirv '•tkii l nti' MV* flVi* CMiM rj^nr-r-tvter ;«so ,^2?gCl .^425X1 :-m.o 2& >eoe AW13 i-MUl .•/is;.© ?■&»n 30&. ***** M3y IS jam J43 Sli .v.bUi »2S7l 54M7 iun 15 3W/I .7428X1 2454£i -‘•432.0 £14 Source: Bursa
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      Lock icon GOVERNMENT SECURITIES
      88 27 Mar 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 06-Jun-13 0.25 6-Month BS*****H 05-Sep-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.08 5-Year N*****0Z 2.375 01-Apr-17 108.1
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      Lock icon INTERBANK CURRENCY RATES
      154 27 Mar 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2765 1.2772 1.0250 1.0254 Canadian dollar 1.2075 1.2083 0.9700 0.9696 Euro 1.6296 1.6300 1.3085 1.3086 NZ dollar 1.0292 1.0301 0.8264 0.8270 Sterling pound 1.8677 1.8683 1.4997 1.4999
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      Lock icon CHICAGO EOT
      98 27 Mar 7 SOYBEANS uo li. mirr U*J&toQ Hi < Mar 13 1503.50 UftAS*****.00 I460.25 Mav 13 1473.*****6.*****4.75 1460.75 Jul 12 *****S 1448,*****5,*****2.75 Aug 15 14 H ,*****8.*****5.*****2 00 SOYBEAN OIL to, m Clou Pruvtaub Hlgh/Low Mar 13 May 'I 50.40 50.61 50.06 50.50 49.69 50.26 50 78 4965
      98 words
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      Lock icon OIL
      68 27 Mar 07 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 110.39 0.36 WTI (Near Mth) 91.54 1.11 Dubai (1-Mth F) 106.10 -0.07 Tapis blend 117.04 -0.53 Minas 112.54 -0.53 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.80 -1.42 Jet Kerosene 125.92 -0.57 US$/barrel OpecOil Basket Price 107.31
      68 words
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      Lock icon LONDON METALS
      69 27 Mar 7 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1936.50 1910.00 3 months 1979.00 1954.00 Copper, Grade A (US$/tonne) Cash 7734.00 7658.00 3 months 7765.00 7690.00 Lead (US$/tonne) Cash 2190.25 2168.50 3 months 2210.00 2190.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 7 Index Change Change Change Change Change Change World Preliminary 1017.9 0.2 8.5 0.1 8.6 0.2 6.5 EAFE Preliminary 846.2 0.2 9.3 0.1 7.0 0.2 4.9 Europe Preliminary 1230.9 0.2 7.3
      373 words
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  • PERSPECTIVE
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      Lock icon Gender nuances take centre stage
      1026 28 / 29  -  Besides taking note of gender differences when doing marketing strategies, understanding how the brain works also plays a critical role. By Joan Koh By Joan Koh ~The writer is managing director, Nielsen Singapore and Malaysia ONE of my favourite times of the year is when
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      Lock icon Policies with good intentions may not have desired results
      618 28 / 29  -  LETTER TO THE EDITOR Ho Swee Huat MINISTER Lim Swee Say’s assertion “S’pore offers ‘more than minimum wage model’” (BT, March 7) that the Singapore Wage model is better is questionable. Until recently, Mr Lim’s position was that for wages of
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      103 28 / 29 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Asian hedge funds losing their shine
        1470 30 / 31  -  Hedge-fund managers, traders and analysts in Asia are quitting as assets have failed to recover after the 2008 global financial crisis. By Bei Hu By Bei Hu Bloomberg PAUL Smith moved from London to Hong Kong to work in Asia’s hedge-fund industry almost 17
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        Lock icon BROKERS' TAKE
        741 30 / 31  -  Compiled by JOYCE HOOI Technology Sector Neutral OCBC Investment Research Mar 8 COST pressures still apparent in Q4 CY2012 results. Under our tech sector coverage, only Venture Corp (VMS) managed to report earnings which exceeded our expectations for the recently concluded Q4 CY2012 results season. Karin Tech’s core
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        Lock icon Watch Japan retail investors’ big switch
        881 32  -  Nikko AM chairman sees them venturing out of cash in a big way as Abenomics takes hold and inflation comes back Genevieve Cua gen@sph.com.sg Personal Finance Editor CHARLES Beazley, chairman of Nikko Asset Management, called the upturn in the United States stock market right
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        Lock icon Unit trusts: Long and short of it
        1281 33  -  Politics was the biggest factor that determined the varying performance of the countries in the region SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent LAST week, I wrote an article on the performance of unit trusts registered in Singapore over the
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    • WEALTH REAL ESTATE
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        Lock icon US commercial property prices seen rising
        397 34 With 1% climb in Feb, prices are within one percentage point of their August 2007 peak Bloomberg Chicago PRICES for US commercial property are expected to climb in the next six months, extending a rebound that has sent values close to levels reached at
        Bloomberg; PHOTO: BLOOMBERG  -  397 words
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        Lock icon Househunt
        428 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN FEB 6 AND FEB 12, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 5 NON-LANDED Hundred Trees Apt 06/02/2013 956 915 912 997 District 9 NON-LANDED Martinplace Residences Apt
        428 words
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        Lock icon Investors farm English shires for more gains
        1311 35 While some return to stocks, the British countryside hasn’t lost its status as a haven for money Bloomberg Edinburgh AT the Stubton Estate in Lincolnshire, with its newly sown rapeseed and thin shoots of winter wheat, investors are jostling for a piece of
        Bloomberg; PHOTO: STRUTT & PARKER  -  1,311 words
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      32 32 The Finder Singapore The Essential Expat Magazine www.TheHnder.com.sg TRAVEL WELLNESS WONDER M£Ef BREKKIE "finder SMOOTH OPERATORS wn eatiId Dreamj s FREE DOWNLOAD Available On The App Store MARCH ISSUE OUT NOW! sPHmagazines
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      136 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE GRANDE COMPLICATION IS THE ULTIMATE EXPRESSION OF THE WATCHMAKER’S ART. AUDEMARS PIQUET HAS BEEN MAKING SUCH COMPLEX PIECES CONTINUOUSLY SINCE 1882, ONE WATCHMAKER IS RESPONSIBLE FOR EACH WATCH IN ITS ENTIRETY THE 648 INDIVIDUAL PARTS, THE DETAILED ASSEMBLY AND THE
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      59 1 LivingBTTHE BUSINESS TIMES WEEKEND MARCH 9-10 2013 DINING Shabby chic eats L5-7 CUSTODIANS OF THE EARTH Two special conservation projects and the people behind them L2-4 CEOs' HAWKER CHOICES Wanton desire L10-12 NAGAUR FORT. PHOTO BY GEOFFREY EU HOME GARDEN Seamless living L14-15 INTERNATIONAL WOMEN'S DAY Top women chefs L8-9
      59 words
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  • BT Living
    • DESIGN
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        Lock icon Custodians of the earth
        2011 2 / 3  -  One is descended from India’s Rajput rulers and was born into wealth and privilege while the other came from humble beginnings in Indonesia and made his own fortune, but both share a love of nature, heritage and the environment. They each took on a long-term conservation
        PHOTOS BY GEOFFREY EU; ALL PHOTOS BY GEOFFREY EU EXCEPT GUEST ROOM FROM JODHANA HERITAGE RESORT  -  2,011 words
    • DINING
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        Lock icon So shabby, it’s chic
        3329 5  -  That dusty basement space or back-alley unit could be tomorrow’s F&B hotspot, reports Debbie Yong debyong@sph.com.sg REAL estate agents, take note. Don’t be too quick to write off “undesirable” locations on your inventory list. They are in hot demand these days. Faced with skyrocketing rents and
        PHOTOS: YEN MENG JIIN; PHOTO: BELLWETHERS; PHOTO: KYO; PHOTO: 22; PHOTOS: DEBBIE YONG  -  3,329 words
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        Lock icon Making her mark
        2468 8 / 9  -  While most women rule the kitchen at home, it’s still a man’s world as far as restaurant kitchens go. In conjunction with International Women’s Day this week, Sara Yap speaks to two celebrated Asian chefs who’ve made their mark in the industry, and two up-and-coming chefs hoping
        PHOTOS: ELLY LIM BY YEN MENG JIIN, VIVIAN PEI BY JOHN HENG  -  2,468 words
    • CEOS' HAWKER CHOICES 2013
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        Lock icon Wanton desire
        2959 10 / 11  -  Some people like it for the dumplings, others like it for the char siew, while there are those who swear by the chilli. Regardless, wanton mee is extremely popular with Singaporeans and you’re bound to find one or more stalls selling it in any hawker centre. Here are
        ALL PHOTOS BY YEN MENG JIIN; PHOTOS: TAY SUAN CHIANG, DEBBIE YONG  -  2,959 words
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        Lock icon Enjoying every mouthful
        439 12  -  By Dylan Tan dylantan@sph.com.sg Amy Lee Chief executive Hogan Lovells Lee Lee FOR Amy Lee, there’s an art to enjoying your bowl of wanton mee. “The noodles must not be too tasty but it should have bite,” says the CEO of law firm Hogan Lovells Lee Lee,
        PHOTO: YEN MENG JIIN  -  439 words
    • HEALTH
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        Lock icon Forget me not
        1106 13  -  Recent research suggests that memory loss can potentially be prevented. By Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the British Medical Journal Publishing Group); chairman, scientific advisory board, Asia Pacific Heart
        PHOTO: STOCK.XCHNG  -  1,106 words
    • HOME & GARDEN
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        Lock icon Seamless living
        1076 14 / 15  -  For the Baragwanaths, it is important that they can enjoy the outdoors while staying indoors. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg FOR over 20 years, home for Paul and Salinah Baragwanath was a black and white house in Malcolm Road surrounded by plenty
        ALL PHOTOS BY YEN MENG JIIN  -  1,076 words
    • SPORTS
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        Lock icon Red Devils can bounce back quickly
        594 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent FIVE days since storming out of Old Trafford on the back of a heartwrenching defeat in the Champions League, Alex Ferguson will return to that very same stadium tomorrow as the twin pursuit of domestic glory resumes.
        PHOTO: REUTERS  -  594 words
      • Article
        Lock icon Red Bull to win it again this season
        525 16  -  chequered flag with steve dawson THE opening round of the Formula 1 season in Melbourne is just a week away. Test runs in Jerez and Barcelona are over and although historically they have told us very little about what is likely to
        525 words
    • GOLF
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        Lock icon Sabah’s golfing delights
        1148 17  -  BT takes a look at some golf courses near Kota Kinabalu that are worthy of a round. By Justine Moss btnews@sph.com.sg THE East Malaysian state of Sabah has long been a destination of choice for golfing enthusiasts from Singapore. There are roughly 18 courses, most created by
        1,148 words
    • MOTORING
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        Lock icon GENEVA GLAM
        1171 18 / 19  -  Never mind the ARF hikes or MAS restrictions. The slew of super sports cars and ultra-luxury limousines unveiled at this week's Geneva Motor Show promises to tempt you into forgetting how much prices have gone up. Here are some of the highlights. By Samuel Ee By Samuel Ee
        PHOTOS: FERRARI, REUTERS, AP, AFP; PHOTOS: ROLLS-ROYCE, AP, BLOOMBERG, VOLKSWAGEN  -  1,171 words
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        Lock icon German heft
        672 20  -  The Audi RS5 gets a subtle facelift to go with its not-so-subtle power. l l By Samuel Ee samuelee@sph.com.sg IT’S striking how similar the Audi RS5 is to an American muscle car except that perhaps, this sexy German model is a bit more beautiful. In terms of shape
        672 words
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      786 6 / 7 wine&dine with BTWeekend Peach Blossoms Level 5, Marina Mandarin Singapore 6 Raffles Boulevard Z6845 1118 Organic Goodness Till April 30, 2013 Back by popular demand, Peach Blossoms Chinese Executive Chef Chan Shun Wong presents two special organic set menus and an extensive a la carte menu using naturally grown and
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      55 10 / 11 VALUABLE PROPERTIES INVALUABLE SERVICE Knight Frank Knight Frank Consultancy Research Team offers a wide range of customised real estate solutions, publishes regular market updates specialised research reports. Call Knight Frank Advisory Services at 6222 1333 or visit www.knightfrank.com.sg for trusted advice. CORPORATE SERVICES > RESIDENTIAL > RETAIL > OFFICE >
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