The Business Times, 15 March 2013

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Total Pages: 40
1 40 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Friday, March 15, 2013
    25 words
  • 693 1  -  Analysts welcome clarification, but cite problems such new rules could create By LEE MEIXIAN [SINGAPORE] National Development Minister Khaw Boon Wan yesterday gave the assurance that any fresh curbs that would be introduced to make public housing more affordable including
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  • 648 1  -  Govt also warns bosses who discriminate against locals and favour foreigners unfairly By CHUANG PECK MING [SINGAPORE] The government will stop tightening the tap on foreign workers only if three goals are met. They are: Nforeign presence in the labour pool is capped at
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  • MARKETS DIGEST
    • 65 1 HST INDEX 3,279.50 (-9.02) HST INDEX FUTURES 3,273.00 (-9.00) GSIMSCI 371.68 (+0.29) GSIMSCI FUTURES 371.60 (+1.30) US$ S$ US$ (S$ per US$) 1.249 (US$/S$ per 1.495 1.867 EURO (US$/S$/€ 1.295 1.618 Foreign currency per US$ S$ YEN 96.20 77.00 RM 3.113 2.491 HK$ 7.757 6.209 BAHT 29.63 23.71 RUPIAH
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    • 48 1 Thursday Change KL COMP 1,640.74 -5.48 NIKKEI 225 12,381.19 +141.53 HANG SENG 22,619.18 +62.53 SET INDEX 1,586.79 +8.09 JAKARTA COMP 4,786.37 -49.07 MANILA COMP 6,694.71 -81.85 SEOUL COMP 2,002.13 +2.40 SHENZHEN B 797.92 +7.98 MUMBAI IND 19,570.44 +207.89 12noon EDT Change DOW 14,517.60 +62.34 NASDAQ 3,255.28 +10.16
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    • 21 1 SINGAPORE 5.38 MALAYSIA 6.55 INDONESIA 500 TAIWAN 13.331 TAIWAN 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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  • Page 1 Advertisements
    • 147 1 OPINION It’s time, Mr Obama, to step up with a new plan PAGE 24 WINE A tasting of 1982 Firsts NEW POPE A humble son and a soccer fan PAGES 4, 17 CAR LOANS Delinquency falls to all-time low PAGE 35 PAGE 2 EXECUTIVE LIFESTYLE LOST PLACES RECOVERED BY ART
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    • 25 1 BT PROPERTY CLASSIFIEDS BT’s CATS property feature is now available to BTO subscribers. To subscribe to BT Property Classifieds, email cats8@sph.com.sg PAGES 26-29 *****1 *****4
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  • TOP STORIES
    • 646 2  -  It drops to 2.69% despite average loan quantum rising to 10-yr high of $90,401 By TEH SHI NING [SINGAPORE] Even as the Monetary Authority of Singapore (MAS) imposed new curbs on vehicle loans in the name of financial prudence, car-loan delinquency last
      646 words
    • 528 2 Foreign-worker curbs linked to three targets THE government will stop tightening the tap on foreign workers only if three goals are met: foreign presence in the labour pool is capped at around a third; productivity grows 2 to 3 per cent a year; and when Singaporeans’ wages improve.
      528 words
    • 872 2  -  New measures seen raising business costs but employers given some leeway DEBATE ON BUDGET 2013 By CHUANG PECK MING [SINGAPORE] Some 150,000 more workers will be entitled to overtime pay as nearly 500,000 employees including a big chunk of junior professionals, managers and
      872 words
    • 502 2  -  Reports by NISHA RAMCHANDANI [SINGAPORE] The Ministry of Manpower (MOM) is introducing a new scheme aimed at improving worklife balance as well as attracting more older workers and women back to work. With $170 million budgeted over three years, WorkPro consolidates and enhances three existing
      THE NEW PAPER FILE PHOTO  -  502 words
    • 497 2 Easier for lower-wage workers to improve skills and raise productivity [SINGAPORE] The existing Workfare Training Support (WTS) scheme will be enhanced to make it easier for low-er-wage workers to improve their skills and raise their productivity. “Our strategy to raise wages at the lower end
      497 words
    • 583 4  -  Investment bank appealing against court decision that allows lawsuit in NY By GRACE LEONG [SINGAPORE] Hong Leong Finance is getting its day in US federal court after all now that Morgan Stanley has failed in its bid in the courts here
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    • 750 4 Non-Catholics hope his papacy will usher in better ties AFP AP [VATICAN CITY] Pope Francis embarked yesterday on a ground-breaking papacy as the world’s first Latin American leader of the world’s 1.2 billion Catholics and a Church in turmoil. Jorge Mario Bergoglio
      AFP; AP; PHOTO: AP  -  750 words
    • 368 4 Reuters [BEIJING] China’s Parliament formally elected heir-in-waiting Xi Jinping as the country’s new president yesterday, completing the country’s second orderly political succession since the Communist Party took power in 1949. The largely rub-ber-stamp National People’s Congress chose Mr Xi in a
      Reuters; PHOTO: REUTERS  -  368 words
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  • COMPANY NEWS
    • 346 5  -  Shareholders can opt for shares in lieu of cash dividend By JOYCE HOOI CAPITAMALLS Asia Limited has adopted a dividend reinvestment scheme that will give shareholders the option of receiving ordinary shares in the company, partially or entirely in place of the cash dividend. This
      346 words
    • 346 5  -  By LYNN KAN OFFSHORE vessels builder STX OSV Holdings will remain listed on the mainboard of the Singapore Exchange after Fincantieri Oil Gas failed to accumulate more than 55.63 per cent of its shares when the offer period closed on March 13.
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    • 254 5 Reuters [NEW YORK] Institutional investors expect their portfolios to grow an average 7.6 per cent this year by increasing their investments in emerging markets, venture capital, real estate and natural resources, according to an investor outlook survey released on Wednesday. Those surveyed cited the
      Reuters  -  254 words
    • 507 5  -  Firm’s credit rating outlook changed to ‘stable’ after release of results recently By ANDREA SOH NOBLE Group successfully priced on Wednesday its five-year US$400 million (S$500 million) bonds, which received a warm response from investors. The bonds, which will pay 3.625 per cent
      507 words
    • 426 6  -  SIA, SingTel, DBS, Wilmar, UOL cited; Asian deal volumes fall 14% in Jan/Feb By KENNETH LIM A NUMBER of Singapore companies are likely to be acquirers even as regional merger and acquisition (M&A) activity head into a subdued period marked by macroeconomic
      426 words
    • 238 6  -  By JOYCE HOOI STARHUB has launched a new service called StarHub TV on Fibre for its commercial customers. The service, which runs on the Internet Protocol Television (IPTV) platform, will offer more than 100 channels. This is more than three times the 30-odd channels
      PHOTO: BLOOMBERG  -  238 words
    • 658 6  -  Move to come after audited results have been presented By MICHELLE QUAH CONTROVERSY-WRACKED Darco Water Technologies, whose shares have been suspended from trade since March 2012, will apply to the Singapore Exchange (SGX) for a resumption of trading in its shares after its FY2012
      658 words
    • 684 6  -  HOCK LOCK SIEW By R SIVANITHY THERE is always a fine line to be navigated when it comes to regulating financial markets, the challenge being to balance shareholders’ and investors’ interests against the need to allow companies room to manoeuvre and to
      684 words
    • 334 9  -  It will undertake subsea construction, installation work for Det Norske, Statoil By LYNN KAN EMAS AMC, the subsea services arm of Ezra Holdings, landed twin wins for subsea work in the North Sea. EMAS AMC won a US$165 million engineering, procurement, construction
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    • 238 9  -  By BENJAMIN AW PRIVATE-EQUITY firm Olympus Capital Asia (OCA) is setting up a structured credit business in Singapore to help mid-sized companies find medium-term funding. The new OCA Credit will provide loans of US$***** million, with maturities of two to three years, for mid-sized firms
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    • 254 9  -  Poorer sales in all segments drag revenue down By TEO SI JIA SUNRIGHT Ltd has sunk into the red with a net loss of $3.39 million for the half year ended Jan 31, 2013, reversing from a net profit of $1.37
      254 words
    • 259 9  -  By CARINE LEE CNA Group has inked a memorandum of agreement (MOA) with a Thai property developer to collaborate on property projects in Thailand. The Singapore-based group said yesterday the MOA was signed with West East International Ltd, a subsidiary of real estate agent
      259 words
    • 299 9  -  By AMANDA TAN STRUCTUAL steel specialist TTJ Holdings posted a net profit of $7.35 million for its half year ended Jan 31, up one per cent from $7.26 million a year ago, driven by better margins in the projects it secured and
      299 words
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    • 83 6 f VS •y vr I L sot SINGAPORE UNIT TRUSTS Amanah Mutual Berhad (*****4-U) 34 th Floor, Menara PNB, 201-A, Jalan Tun Razak, ***** Kuala Lumpur, Malaysia. AMB Client Services Tel (603) 2034 0800 Fax (603) 2163 3212/2535 E-mail ambcare@pnb.com.my A member company of the Permodalan Nasional Berhad Group Distribution
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  • Page 7 Advertisements
    • 364 7 www.vw. com. sg Don't buy a new car until you've tried a Volkswagen. New Golf. Car of the Year ***** It’s official. 58 judges from 22 countries have voted the new Golf ‘Car of the Year; beating the Toyota 86/Subaru BRZ, the Volvo V40, the Ford B-Max and the Mercedes-Benz
      364 words

  • SINGAPORE MARKETS
    • 576 8  -  The counter traded an astounding two billion units, accounting for one-third of the entire market’s unit volume STOCKS R SIVANITHY Senior Correspondent ON E s t o c k t h e former SingXpress Land Ltd, now renamed SingHaiyi Group yesterday jumped 0.9 cent or 29
      Source: Bloomberg  -  576 words
    • Article, Illustration
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    • 73 8 Mar 14 VALUE CLOSE BT OB/OS -727.00 +97.00 BT CADI -*****.00 +109.0 BT 10-day MA -*****.00 -73.00 FTSE ST Mid Cap 807.29 +0.72 FTSE ST Small Cap 559.92 +3.61 FTSE ST All Share 806.38 -1.32 FTSE ST China Top 217.05 +0.40 FTSE ST China 246.82 +0.14 FTSE
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 5 0 0 0 5 6 5 Manufacturing 68 47 33 14 7 6 82 54 39 Commerce 34 18 16 10 2 3 44 20 19 Tpt/Stor/Comms 17 9 11
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    • 121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 39,488 39,488 83,434 83,434 Manufacturing 471,972 709,824 1,181,796 211,629 17,498 229,127 Commerce 609,102 436,700 1,045,802 119,748 23,047 142,794 Tpt/Stor/Comms 102,443 11,584 114,027 186,716 4,359 191,074 Finance 80,335 266 80,601 114,949 122 115,071 Construction 298,500 114,036
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    • 932 8  -  Compiled by LYNN KAN Singapore Land Limited March 14 close: $8.76 DBS GROUP RESEARCH, March 13 INCREASING accumulation of Singland shares by its major shareholder UIC in recent months has renewed investor interest and the realisation of the deep embedded value in the company has prompted us to
      932 words
    • 111 8 Stock name Close Change CapMallsAsia 2.070 +0.030 CapitaLand 3.550 -0.040 CapitaMall 2.060 -0.040 CityDev 11.170 -0.090 ComfortDelGro 1.925 DBS Grp 15.580 +0.040 F&N 9.440 GLP 2.620 -0.010 Genting SP 1.485 -0.025 Golden Agri 0.605 -0.005 HK Land 7.250 -0.080 IHH Healthcare 1.365 -0.005 JMH 63.230 -1.270
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    • 491 8 CURRENCIES AFP [TOKYO] The US dollar’s rally on bet-ter-than-expected US retail sales fizzled in Asian trade yesterday while the euro also came under pressure after disappointing eurozone data. The greenback pushed past the 96 yen level in US trading as the Department
      AFP; PHOTO: REUTERS  -  491 words
    • 52 8 VOLUME SingHaiyi 2,006,600,000 NexGenSCom 311,635,000 CarrierNet 283,673,000 Equation 233,802,000 WE Hldgs 228,844,000 Magnus 226,156,000 IPCO Intl 211,696,000 YHM 113,215,000 Oceanus 86,706,000 Albedo 85,987,000 VALUE($) SingTel 112,177,496 SingHaiyi 75,026,434 Genting SP 53,214,630 Keppel Corp 46,289,885 SuperGroup 43,746,030 CapitaMall 41,977,210 DBS Grp 41,729,040 CapitaLand 37,698,010 Golden Agri 35,328,445 SPH
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    • 109 8 BY CENTS CLOSE UP Spore Land 876 24.0 2.8 DBS Bk 4.7% NCPS 100 ***** 20.0 0.2 CIMBASEAN40 100S$D 1419 16.0 1.1 SingTel.ES.1303 361 14.0 4.0 OCBC Bk 1035 10.0 1.0 Hyflux 6% CPS 10 ***** 9.0 0.1 CIMBAsean40 100US$ 1138 8.8 0.6 Pan Pacific 247 8.0 3.3 UOB
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    • 120 8 BY CENTS CLOSE DOWN JSH 3801 -223.6 -4.5 JMH 6323 -158.7 -2.0 DBXT AUD Bonds 5AU$ ***** -142.4 -0.6 Jardine C&C 5298 -132.0 -2.4 DBXT MSKorea 10US$ 5906 -82.5 -1.1 DBXT FTChina25 10US$ 2825 -52.5 -1.5 DBXT E50 10US$ 4134 -48.7 -0.9 DBXT MSAsExJp 10US$ 3333 -25.0 -0.6 DBXT
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    • 5 8 DAILY
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  • SINGAPORE NEWS
    • 529 10  -  By RONNIE LIM SINGAPORE’S recent piped natural gas (PNG) deals with Malaysia and Indonesia have involved smaller supply volumes, according to a US Energy Information Administration (EIA) report. Senoko Energy which has never disclosed the terms of its new deal with Malaysia’s
      529 words
    • 750 10  -  New programme aims to foster pro-family environment YESTERDAY IN PARLIAMENT By LEE U-WEN THE government is setting aside $40 million over the next three years for a new programme that aims to better cultivate a pro-fami-ly environment in the community. Called FamilyMatters!, the initiative will
      FILE PHOTO  -  750 words
    • 522 10  -  Extended BCA-IDA Green Mark scheme to cover new data-centre facilities By WEE LE TING OWNERS of new data-cen-tre facilities are being nudged towards managing the energy consumption of their facilities with the launch of an enhanced “green mark” scheme. The BCA-IDA Green
      522 words
    • 237 10  -  Recognition for boosting S’poreChina relations By NG SAI YING PARTIES interested in vying for the Business China Awards 2013 have a month until April 15 to send in their nominations. Singaporeans and Singapore permanent residents, residents of Greater China, Singapore organisations and Singapore-registered China
      237 words
    • 287 10  -  By AMANDA TAN JAPAN’S Hitachi Ltd has appointed Kiyoaki Iigaya as chief executive for Asia and chairman of Hitachi Asia Ltd and Hitachi India Pte Ltd. Mr Iigaya will succeed Kiyoshi Kinugawa, who has also been newly appointed as executive vice-president and
      287 words
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    • 20 10 SCORECARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg
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  • MALAYSIA/INDONESIA
    • 476 11 Bloomberg [JAKARTA] Indonesian lawmakers began assessing candidates to become the central bank’s deputy governor for monetary operations, seeking to fill a post that has been vacant since 2011 as the nation grapples with a falling currency. Commission XI, a parliamentary panel for
      – Bloomberg  -  476 words
    • 401 11  -  Overall size hits RM2.5 trillion, with all segments expanding at double-digit pace By PAULINE NG in Kuala Lumpur MALAYSIA’S capital market notched a number of firsts in 2012, boosting its overall size by 16.4 per cent to RM2.5 trillion (S$998 billion), buoyed by
      PHOTO: REUTERS  -  401 words
    • 489 11  -  Valuations have surged far ahead of company’s fundamentals: analysts By S JAYASANKARAN in Kuala Lumpur SHARES of IHH Healthcare eased almost 2 per cent to RM3.45 a day after it announced a RM2 billion foray into Hong Kong’s healthcare sector. Even so,
      489 words
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  • CHINA/INDIA
    • 626 12 Wholesale Price Index is up but data shows slowdown in consumer demand Reu ters [NEW DELHI] India’s headline inflation picked up in February on higher fuel costs but another measure of price pressure cooled, reinforcing expectations that the central
      Reuters; PHOTO: REUTERS  -  626 words
    • 336 12  -  REUTERS BREAKINGVIEWS By JOHN FOLEY [BEIJING] Dim prospects for payback await bondholders in China’s Suntech Power Holdings. The stricken solar panel maker, unlikely to meet a US$541 million bond payment due today, has persuaded over half its foreign creditors to hold off
      336 words
    • 489 12 Bloomberg [HONG KONG] China, the world’s second-largest economy, will open its markets and allow its currency to float within five years, said Charles Li, chief executive officer of Hong Kong Exchanges Clearing Ltd. “China has to reform its interest rate system,” Mr
      Bloomberg  -  489 words
  • Page 12 Advertisements
    • 137 12 ONCE AGAIN, THE MOST DISTINGUISHED FOR ENRICHING SINGAPORE-CHINA RELATIONS. AWARD NOMINATIONS NOW OPEN The Business China Awards was set up in 2010 by Business China to honour outstanding individuals and organisations fortheirimmensecontributionstoSingapore-Chinarelations as well as promoting bilingualism and biculturalism in Singapore. From now till 15 April, nominations are open for
      137 words

  • ECONOMY WATCH
    • 726 13 Australian dollar touches 1-month high as traders bet RBA will hold off Bloomberg [SYDNEY] Australia’s inter-est-rate reduction cycle may have ended as traders bet the biggest gain in payrolls in almost 13 years will prompt the central bank to hold off further
      Bloomberg  -  726 words
    • 495 13 But analysts expect at least one interest rate cut this year Reuters [SEOUL] South Korea’s central bank held interest rates steady as the new government prepared stimulus measures to energise an economy hit by a slow global recovery and weak corporate and
      Reuters; PHOTO: AFP  -  495 words
    • 323 13 Bloomberg [BRASILIA] Brazil’s central bank said monetary policy requires caution because of an uncertain economic outlook even as faster inflation may be settling in. Yields on swap rates fell. The central bank kept the Selic rate at 7.25 per cent for a third
      Bloomberg  -  323 words
  • Page 13 Advertisements
    • 206 13 H The Power of Dreams LUXURY MEETS AFFORDABILITY WITH THE SUV OF THE YEAR m > v Honda CR-V (Fuel Consumption: 7.6L 8.4L/100km, CO2 Emission: 180g 196g/km) Ef Ef Ef Ef Ef Ef Ef Ef From just $1,399 per month Low interest rate of 1.88% Tiered ARF absorbed 5-year unlimited
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  • WORLD
    • 809 14 Foreign brands swoop in as Myanmese hanker after quality goods AFP [YANGON] From toothpaste to tinned fruit, cosmetics to Coca-Cola, global firms have Myanmar firmly in their sights as the nation’s 60 million people find themselves thrust onto the frontline of consumerism. Since
      AFP; PHOTO: AFP  -  809 words
    • 411 14 Company’s move follows review of marketing strategy Reuters [MELBOURNE] British mobile operator Vodafone will end its seven-year title sponsorship of Formula One team McLaren at the end of the 2013 season, the team confirmed yesterday. The Financial Times had earlier cited a Vodafone spokesman
      Reuters; PHOTO: AP  -  411 words
    • 223 14 Reuters [TOKYO] Nissan Motor Co is recalling five 2013 model year vehicles, including top sellers Altima and Sentra, because the front passenger airbag may not deploy in a crash, the automaker told US regulators. The models in the recall are Nissan’s Altima,
      Reuters  -  223 words
    • 683 14 US claims publishers conspired on price, broke antitrust law Bloom berg [NEW YORK] Apple Inc chief executive officer Tim Cook was ordered by a judge to give a deposition in the US Justice Department’s e-books pricing lawsuit against the world’s biggest technology
      Bloomberg  -  683 words
    • 283 14  -  By NATHANIEL CHEW [SINGAPORE] New Zealand’s Pencarrow Private Equity has raised NZ$124 million (S$127 million) in committed capital for its Pencarrow IV Fund. The fund, its fourth and largest to date, will focus on investing in privately owned New Zealand companies, and is
      283 words
    • 432 16 Reuters [NEW YORK] US regulators have agreed with four of the country’s biggest banks that they will not have to hold shareholder votes at upcoming annual meetings over whether the institutions are too big. The Securities and Exchange Commission rendered its
      Reuters  -  432 words
    • 818 16 Recession, mounting unemployment in southern Europe are big headaches now Bloomberg [BRUSSELS] European leaders are loosening the economic shackles once demanded by Germany as the recession and mounting unemployment in southern Europe shove aside the debt crisis as the euro area’s biggest headache. A
      Bloomberg; PHOTO: REUTERS  -  818 words
    • 604 16 NYT [MADRID] These would not seem to be the most opportune days to try to buff Spain’s image. The economic crisis has crippled public morale, and young people despair of finding work. Corruption scandals have shaken people’s faith in their leadership. Even
      NYT; PHOTO: REUTERS  -  604 words
    • 423 16 Bloomberg [ZURICH] UBS AG chief executive officer Sergio Ermotti’s 2012 pay of 8.87 million Swiss francs (S 11.6 million) was dwarfed by the 24.9 million francs in cash and stock investment bank head Andrea Orcel got on joining the
      Bloomberg  -  423 words
    • 1084 17 He’s first from Jesuit order and first nonEuropean to fill the post in 1,200 years NYT [BUENOS AIRES] Like most of those in Argentina, he is a soccer fan, his favourite team being the underdog San Lorenzo squad. Known for his outreach
      NYT; PHOTO: REUTERS  -  1,084 words
    • 381 18 AFP [SYDNEY] Australian billionaire Gina Rinehart offered her estranged daughter Hope A$300 million (S$382 million) in a bid to end a sordid feud over the family fortune, according to emails published yesterday. The revelations come a day after media reported that her
      AFP  -  381 words
    • 456 18 Largest order in the company’s history follows rollout of BB10 lineup in Jan Bloomberg [NEW YORK] BlackBerry, the Canadian smartphone maker that rolled out a new lineup in January, said one of its “established partners” is buying one million BlackBerry 10 phones,
      Bloomberg  -  456 words
    • 839 18 Few govts likely to take advantage of strong markets Reuters [LONDON] With Europe’s stock indexes hitting their highest since before Lehman Brothers collapsed in 2008, privatisations could be a boon to the region’s debt-laden governments, but while markets are no longer weak,
      Reuters  -  839 words
    • 636 20 Pickup unlikely to be sustained because of weak global demand LATEST US DATA Bloomberg [WASHINGTON] Wholesale prices in the US climbed in February for a second month, reflecting a jump in energy costs that are now dissipating. The 0.7 per cent increase in
      Bloomberg  -  636 words
    • 371 20 Reuters [LONDON] Asia’s defence spending overtook Europe’s for the first time last year, the International Institute for Strategic Studies (IISS) said yesterday, reflecting China’s military rise and shrinking European economies. In its annual report on the world’s militaries, it said China’s defence spending in
      Reuters  -  371 words
    • 581 20 AP [MANILA] The Philippines will become one of the biggest gambling centres in the world, vying with Macau, Singapore and Las Vegas for Asia’s high rollers, officials of a US$1 billion casino resort that is opening here this weekend said yesterday.
      AP; PHOTO: AP  -  581 words
    • 213 20 Reuters [LONDON] JPMorgan Chase kept its top spot for investment banking revenues last year while Citigroup and Barclays showed the biggest improvement compared with 2011, a study showed yesterday. Industry analytics firm Coalition said that JPMorgan’s investment banking revenues of US$24.1 billion put
      Reuters  -  213 words
    • 289 20 Reuters [TOKYO] Japan’s banking industry group said yesterday that it will set up a committee of banks and specialists to review the setting of Tokyo interbank offered rate (Tibor) amid global scrutiny into benchmark lending rates in the wake of a rigging scandal. “We have
      Reuters  -  289 words
    • 498 20 AFP [PHNOM PENH] As night falls thousands of weary workers stream from textile factories that fan out across Phnom Penh’s outskirts, the clothing industry’s desire for cheap labour having created an abundance of jobs. But as the number of international clothes companies tapping
      AFP  -  498 words

  • Page 15 Advertisements
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  • Page 19 Advertisements
    • 402 19 Notice of Appointment of a Liquidator under Section 204 of the BVI Business Company Act PROVINCIAL CAPITAL HOLDINGS INC. (In Voluntary Liquidation) Company No. *****8 NOTICE is hereby given pursuant to Section 204, subsection (b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The
      402 words
    • 169 19 In the Matter of The Companies Act (Cap. 50) and In the Matter of Pacific Heart, Stroke and Cancer Centre Pte Ltd (In Liquidation) Reg. No. *****6507C Notice of Final Meeting Notice is hereby given that pursuant to Section 308 of the Companies Act, Cap 50 that the Final Meeting
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    • 4432 19 CapitaMalls CAPITAMALLS ASIA LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of CapitaMalls Asia Limited (the “Company") will be held at The Star Theatre, Level 5, The Star Performing Arts Centre, 1 Vista Exchange Green, Singapore *****7 on Wednesday, 24 April 2013
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  • Page 20 Advertisements
    • 600 20 OCEAN SKY INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****3225E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Ocean Sky International Limited (the “Company”) will be held at 1 Netheravon Road, Singapore *****2, Changi Village Hotel (Sphere 2 and
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  • Page 21 Advertisements
    • 578 21 KAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices In the Matter of THE COMPANIES ACT, CAP 50 And In the Matter of ASAHI CHEMICAL (SINGAPORE) PTE LTD (Members’ Voluntary Winding Up) At an Extraordinary General Meeting of the above-named Company duly convened and constituted pursuant to Section 179(6) of the
      578 words
    • 2625 21 OSIM INTERNATIONAL LTD (Company Registration No. *****4191 N) (Incorporated in Singapore with limited liability) OSIM* Inspiring well-being NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of OSIM International Ltd ("the Company”) will be held at 65 Ubi Avenue 1, OSIM Headquarters. Singapore *****9 on
      2,625 words
    • 2358 21 G. K. GOH HOLDINGS LIMITED (Company Registration No. *****0184D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-fourth Annual General Meeting of G. K. Goh Holdings Limited (the “Company”) will be held at Cinnamon Room, Novotel Singapore Clarke Quay, 177A River
      2,358 words

  • AVIATION/SHIPPING
    • 460 22 The shipbuilder says experience will give it ‘competitive edge over S’pore yards’ Bloom berg [SINGAPORE] Daewoo Shipbuilding Marine Engineering, the world’s second largest shipbuilder, is bidding to build jackup rigs for the first time in three decades to tap more orders from offshore
      Bloomberg  -  460 words
    • 394 22 Bloomberg [WASHINGTON] The US Transportation Security Administration’s (TSA) decision to allow pocket knives on airliners was meant to signal a philosophical shift: focus less on screening everyone for everything, and more on terrorist threats. Its move has instead sparked
      Bloomberg  -  394 words
    • 403 22 Bloomberg [LONDON] Hire costs for the largest oil tankers on the industry’s busiest trade route rose for a fourth session as increased bookings of the ships reduced a surplus of available vessels. Charter rates for very large crude carriers (VLCCs) on the benchmark
      Bloomberg  -  403 words
    • 521 22 Bloomberg [SEATTLE] Boeing is speeding up efforts for upgrades of the twin-aisle 777 jet, including a roomier interior, raising the possibility that the revised model will be introduced before the stretch version of the 787. “On the 777-X, things are accelerating,” Randy Tinseth,
      Bloomberg; PHOTO: REUTERS  -  521 words
    • 372 22 AP [BRUSSELS] The European Union is considering beefing up measures to help stranded passengers get compensation and find quicker ways to get home. EU Transport Commissioner Siim Kallas said on Wednesday that a new package with improved measures would also boost carriers from
      AP  -  372 words
    • 189 22 Reuters [NEW YORK] American Airlines parent AMR Corp, which is planning to merge with US Airways Group, has asked a judge for another extension of its exclusive period to file a plan to exit bankruptcy. The carrier and its unsecured creditors committee asked
      Reuters  -  189 words
    • 251 22 Bloomberg [WASHINGTON] The US Transportation Security Administration (TSA) is trying to avoid furloughs as it absorbs its share of across-the-board US budget cuts, a union representative said. The agency will focus first on freezing hiring, cutting overtime and eliminating bonuses and
      Bloomberg  -  251 words
    • 235 22 SGX '000 Mar 14 S$ +/-Vol CH Offshore 0.48 -0.01 45 Chuan Hup Hldg 0.28 0.01 221 Cosco Corp 0.90 0.01 1414 s$ Ezra Hldgs 1.07 unch 3048 First Ship Lea CH Offshore Freight Links -0.01 Grand Banks............unch unch 0 Jaya Hold Ltd 0.28 K1Ventures 0.18 unch 4569
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  • Page 22 Advertisements
    • 36 22 tabla! THE_HEARTBEAT OF THE INDIAN COMMUNITY COMEBACK CAPTAIN Has Dhoni done enough to silence his critics? SAW Tamil Nadu village gets NRI doc’s healing touch GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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  • Page 23 Advertisements
    • 330 23 Amazing Gifts When you Subscribe to THE STRAITS TIMES o WHERF- A/i_ x Pni DC 0? Panasonic LUMIX DMC-XS1GF SUBSCRIBE NOW AND BRING HOME ONE OF THESE AMAZING GIFTS! Panasonic LUMIX DMC-XS1GF ''Panasonic Micro Audio SC-FiC27 FULLY REDEEMED 2 year plan }\mV Stij|isk %oJte% W for cpur i'k’kone Panasonic LUMIX
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  • EDITORIAL & OPINION
    • 514 24 EDITORIAL THE Health Ministry’s plan to beef up healthcare facilities and review healthcare financing, as announced earlier this week in Parliament, is welcome and timely. A rapidly ageing population such as Singapore’s poses a heavy strain on facilities, and the financial implications on individuals are
      514 words
    • 786 24  -  THE BOTTOM LINE LEON HADAR Washington Correspondent AMERICANS are getting really angry at their politicians, and that could turn out to be bad news for both the Democrats who control the White House and the Senate and the Republicans
      786 words
    • 1021 24  -  Dialogue, multi-country negotiations will be favoured over use of force and intimidation By SHAHID JAVED BURKI The writer, a former Pakistani finance minister and World Bank vice-president, is visiting senior research fellow at the Institute of South Asian Studies, an autonomous research
      PHOTO: AFP  -  1,021 words
    • 1004 25  -  Important to break down the barriers and take full advantage of the various schemes By MILDRED TAN TAN BIN ENG The writers are managing director, Ernst Young Advisory Pte Ltd, and partner, business incentives advisory, Ernst Young Solutions LLP, respectively AS Singapore shifts
      ST FILE PHOTO  -  1,004 words
    • 841 25  -  By DANIEL GROS The writer is director of the Centre for European Policy Studies Project Syndicate TEN years ago, Germany was considered the sick man of Europe. Its economy was mired in recession, while the rest of Europe was recovering; its unemployment
      Project Syndicate  -  841 words
    • 347 25  -  By BHANOJI RAO THAT which cannot be monitored cannot be improved. It is in this context one must applaud the efforts of Transparency International (TI) for bringing out the Corruption Perception Index (CPI) and the Bribe Payers Index (BPI). If no one wishes to pay
      347 words
    • 371 25 LETTER TO THE EDITOR THE article “Iskandar beckons, but investors beware” (BT, March 4) struck a chord when I read it, not as a property or business investor specifically in Iskandar, but as a share investor in Malaysia from long ago and until
      371 words

  • Page 25 Advertisements
    • 103 25 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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  • PROPERTY
    • 1257 26  -  Those fascinated with the Orient appreciate furniture made from rosewood. But is this fine wood losing its lustre in modern times? AUDRINA GAN finds out AUDRINA GA N A COFFEE table in rosewood, clean in its lines as a whole and yet bearing intricately carved
      1,257 words
    • 443 28 Reuters [NEW YORK] A prime Chicago parcel that was the site of an ill-fated project to build North America’s tallest residential building may again have a chance to be developed, albeit on a smaller scale and by a different owner. An Irish government bank
      Reuters  -  443 words
  • Page 26 Advertisements
    • 431 26 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements WATS D04 HOUSE FOR SALE SENTOSA COVE Sentosa Cove. Award winning by Italian designer/ Premium fully furnished, Good facing with lake view. negotiable!! D10 HOUSE FOR SALE HOLLAND RISE GCB AREA 2-sty GCB with basement attic. Land approx. 15,000 sqft. F’hold. 6+2
      431 words
    • 97 26 D15 HOUSE FOR SALE SIGLAP Semi-detached. 5 rooms with all ensuite, 2.5 storey, land 3100/ built 2980 sf, near Siglap Ctr, future MRT amenities. Can park 2 cars. D16 HOUSE FOR SALE Bedok Vicinity Almost Sold! 2 Storey Corner Terrace, Bedok Vicinity, 4316 sqft. Best for rebuild! Excellent location! 9152
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  • Page 27 Advertisements
    • 268 27 D19 HOUSE FOR SALE FLORENCE ROAD 3 mins to Kovan MRT Amenities! F’hold 3-storey inter terrace Florence Rd. Land: 1615/ built in: 2200sqft. 3 bdrm, 3 baths. Vincent 9431 2080 D19 HOUSE FOR SALE HOUGANG Semi-D with Roof Terr. Build in 3212 sqft. Nice reno. Koi pond/ Gazebo. Mins walk
      268 words
    • 223 27 D02 APARTMENT FOR SALE SPOTTISWOODE SUITES Freehold Luxury Attractively Priced. City’s Best www.pre.sg Richard *****108 DTZ D05 APARTMENT FOR SALE THE MAYLEA Amazing sea view Penthouse Pasir Panjang Hill. F’hold. 3+study. 1722 sqft. Mins to MRT VivoCity D09 APARTMENT FOR SALE EMERALD HILL A Prestigious address. Ready to stay salivating
      223 words
    • 259 27 D10 APARTMENT FOR SALE ST REGIS RESIDENCE Approx 4000 sf. 3 bdrms. High flr. Unblock. Nicely renovated. Near Orchard. Geri 8666 9968 D10 APARTMENT FOR SALE THE GRANGE 2303 sqft. 4+1 rms. Nicely renovated. High floor. Unblock view. Near Orchard. www.*****783.com D11 21 APARTMENT FOR SALE LINCOLN MODERN 1410 sqft.
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    • 259 27 D13 APARTMENT FOR SALE SANT RITZ New launch! Sant Ritz Putong Pasir MRT. Contemporary ville living. 1/ 2/ 3-bdrm/ penthouses row hses. Call for VVIP Preview! D14 APARTMENT FOR SALE Treasures 20 FireSales Geylang F’Hold, 1bdrm fr $4xxK onwards. Save ABSD. Limited units! Terrence Ning 8366 6543 TRE D15 APARTMENT
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    • 260 27 D23 APARTMENT FOR SALE YEW MEI GREEN $799psf! Rare! Near MRT. 3+Study Yew Mei Green. 1432 sqft. Good Fengshui. Unblocked and Windy. Low maintenance fees $230. View by appt. D05 HOUSE FOR RENT PASIR PANJANG ROAD 3-storey Terrace. 5-room. 3500 sqft. 2 mins walk to Haw Par Villa MRT. Spacious.
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  • Page 28 Advertisements
    • 406 28 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements WAT-3 D16 HOUSE FOR RENT FRANKEL ESTATE Frankel Estate 3Sty Semi-D, 6+2, 5400/4000 sf Modern rebuilt, Near Siglap Ctr. Jason 9767 3088 D19 HOUSE FOR RENT BUNGALOW Serangoon Garden (near US, French Aussie Schs). 10 rms. Park 8 cars. $13K-$15K. Please call
      406 words
    • 92 28 D24 APARTMENT FOR RENT GUILIN VIEW Near MRT. Very high floor, facing lake, unblock, 3+1, fully furnished, $3.5K. Available early April. Merry 9022 2828 D25 APARTMENT FOR RENT ROSEWOOD 2153 sqft, beautiful duplex penthouse. Pool view. Full facilities. Avail 20/4 for 2 years lease. Call 9365 2311/ 9636 1392 D25
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  • Page 29 Advertisements
    • 502 29 D08 HOTEL FOR SALE SERANGOON ROAD Serangoon Rd, Freehold Hotel with 90 rooms, High occupancy rate, GFA 31,000 sqft approx. Sole Agt Knight Frank Commercial: 9101 4747/ 9388 7879 D14 OFFICE FOR SALE PAYA LEBAR SQUARE Commercial office. Water point. No ABSD. No Sellers Stamp Duty. Near MRT/ future hub.
      502 words
    • 104 29 D01 OFFICE FOR RENT INTERNATIONAL PLAZA 2357 sqft. Fitted. 6rms/20 workstations. High flr. Corner. Sea view. 9274 1170 www.garyteng.com D14 FACTORY FOR RENT ENTREPRENEUR BUSINESS CENTRE Kaki Bukit Road 3. B2 2949 sqft, Aircon. Fitted. S$1.97 psf. Immediate. Selva 9006 3144 OT D14 SHOP FOR RENT CITY PLAZA Near main
      104 words
    • 321 29 D27 FACTORY FOR RENT A’POSH A’Posh Yishun. #05, 1281 sf. High ceiling. Mint condition. Near MRT. Easy access. Sale or Rent. Daisy 9320 4342 FOREIGN PROPERTY FOR SALE LANDED PROPERTY IN MALAYSIA Johor, Residential land with old hse. 12,000sf. 5 mins fr Causeway. Int’l freehold. RM$120 psf. Quick sale! Call:
      321 words
    • 301 29 FOREIGN PROPERTY FOR SALE RUMA HOTEL RES IN MALAYSIA Opp KLCC!! Freehold new launch. Earlybird disc. G’teed good returns! Renowned hotel operator. Sat/ Sun St Regis Hotel. RSVP Eileen *****007 FOREIGN PROPERTY FOR SALE THE PEAK JB ISKANDAR Retirement/ second home The Peak JB Iskandar. 7 minutes to CIQ. Freehold,
      301 words

  • 2739 30 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
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  • Page 30 Advertisements

  • Page 31 Advertisements
    • 78 31 Importers looking for Warehouse Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 SpotlightAward Wins Recognition Come publicise your Award Wins Recognition, Ship Christenings Delivery of New Builds, Project Completion, Vessel Conversion Refurbishment, and Company Anniversaries. There’s no
      78 words
    • 0 31 "-@={>+*){{*_\+=:()-';%+?";:=>`
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  • SINGAPORE STOCKS
    • 3270 32 Transaction date: Mar 14 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 164 106 AIMSAMPIReit --AAT Net P/E M Cap
      3,270 words
    • 219 33 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Cooo) Day High Last Quote Low Buyer Seller Div Gr Yld C’vr Net M Cap P/E Smil 21.5 15 t
      219 words
    • 10638 33 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.13/ Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond ,0 8257/ Asian local Ccy SD Bond 1 0089/ Asian Smaller Cos''* .2 0087/ EM local
      10,638 words
    • 262 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A39 unch 2 39 39 39 41 3.6 9 3.1 101.6 46.5 30 Genting HK US$ US45 +0.5 5389 45 44 44.5 45 2963
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    • 892 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118.5 +0.6 7 118.5 118.5 118.2 118.8 540.9 136.8 120.4 CIMB APAC Div 100S$D 136.8 136.5 137.4 111.7 95.8 CIMB
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  • FINANCE & COMMODITIES
    • 629 34 Mar 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.16 *****.73 *****.65 Jun13 *****.00 *****.00 *****.00 *****.00 *****3 *****5 Sep13 *****.00 26 154 MSCI TAIWAN INDEX FUTURES SPOT 287.92 288.04 285.67 Mar13 287.50 287.70 285.20 286.60 ***** *****9 Apr13 287.20 287.20 285.80 286.70
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    • 373 34 In local curr In S$ In US$ dy yr dy yr dy yr Mar 13 Index Change Change Change Change Change Change World Preliminary 1025.1 -0.1 9.3 -0.1 9.3 -0.2 6.8 EAFE Preliminary 854.1 -0.4 10.3 -0.4 7.3 -0.6 5.0 Europe Preliminary 1238.9 -0.3 8.0
      373 words
    • 471 34 Mar 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.064 6.442 0.800 8.041 56.259 100.592 0.997 11.487 3.226 1.267 101.468 42.115 1.295 9.575 0.990 30.794 30.713 0.694 1.037 Canada 0.940 6.053
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    • 68 34 Mar 14 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • 134 34 Mar 14 GOLD(US$/oz) Mar 14 Mar 13 Hong Kong 1596.00 1599.00 Mar 13 Mar 12 London 1586.84 1591.94 1587.70 1593.16 Source: Thomson Reuters CAST BAR Mar 14 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 143 64 5gm 407 319 10gm 726 637
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    • 92 34 Mar 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 13-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-13 100.11 100.15 100.15 5-Year N*****0Z 2.375
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    • 53 34 Mar 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 13 2382.0 1015 Apr 13 2376.0 2386.0 2376.0 2350.0 888 7400 May 13 2397.0 2397.0 2406.0 2360.0 ***** ***** Jun 13 2400.0 2401.0 2409.0 2365.0 4340 *****
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    • 155 34 Mar 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2946 1.2955 1.0363 1.0368 Canadian dollar 1.2165 1.2171 0.9741 0.9737 Euro 1.6176 1.6182 1.2948 1.2951 NZ dollar 1.0219 1.0226 0.8180 0.8184 Sterling pound 1.8671 1.8678 1.4945 1.4948
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    • 121 34 As at 9am Mar 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.316 1.254 Can dollar 1.243 1.184 Euro 1.656 1.578 Sterling pound 1.899 1.826 NZ dollar 1.054 0.995 US dollar 1.274 1.214 Local dollars to 100 units of foreign
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    • 157 34 Mar 14 $S Offer Bid 0vernight 0.02 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12
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    • 900 34 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 650 5.00 14 Conv Asiatravel.com HoldingsW*****7 3 1 25 16 Asiatravel.com HoldingsW*****5 3.3 1 27 40 BakerTech W*****5 Prem Best World Intl Ltd W*****5 6.5
      900 words
    • 107 34 Mar 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1475.00 1489.75 1495.00 1467.00 May 13 1447.00 1468.75 1468.75 1440.25 Jul 13 1425.00 1445.75 1445.75 1419.00 Aug 13 1382.75 1399.00 1398.75 1377.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13 49.36
      107 words
    • 79 34 Mar 13 COCOA (£/tonne) Close Prev High/Low Mar 13 1453 1452 1458/1444 May 13 1461 1465 1475/1451 Jul 13 1474 1477 1487/1465 Sep 13 1485 1489 1498/1475 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2163 2161 2163/2163 May 13 2203 2206 2216/2186 Jul 13 2207 2208 2217/2190 Sep 13 2208
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    • 70 34 CRUDE OIL PRODUCTS Mar 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.4 -1.06 WTI (Near Mth) 92.3 -0.24 Dubai (1-Mth F) 105.65 0.05 Tapis blend 115.18 -0.05 Minas 109.98 -0.75 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.33 unch Jet Kerosene 124.66 0.16 US$/barrel OpecOil Basket
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    • 22 34 Mar 14 S$ Bid Offer 1-month 1.2493 1.2495 2-months 1.2492 1.2495 3-months 1.2492 1.2495 6-months 1.2490 1.2498 Source: OCBC
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    • 65 34 Mar 13 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1923.50 1939.00 3 months 1966.00 1981.50 Copper, Grade A(US$/tonne) Cash 7758.00 7797.75 3 months 7787.50 7830.00 Lead(US$/tonne) Cash 2232.00 2216.75 3 months 2250.50 2234.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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  • WINE/PURSUITS
    • 1142 35  -  Among 1982 Bordeaux en primeurs, Mouton Rothschild emerges as the best, writes N K YONG THE 1982 Bordeaux en primeur prices came out in May 1983. It was to be the landmark vintage, one which jump-started the hitherto desultory Bordeaux market. I was
      PHOTO: N K YONG  -  1,142 words
    • 572 35  -  CONCERT REVIEW By SARA YAP AS they say, age is only a number. Deep Purple’s rousing performance at The Star Theatre on Tuesday evening was testament to that. Despite having an average age of 64 a number that puts the members firmly in the
      572 words
    • 726 35  -  GAMING REVIEW By CHRISTOPHER LIM IF you can’t end a game properly, the least you can do is blow it one last bittersweet kiss. That seems to be BioWare’s realisation with its release of Citadel, anyway. This final downloadable chapter for Mass Effect
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  • Page 35 Miscellaneous
    • 301 35 CRYPTIC CROSSWORD Across 4 Everyone sits in afternoon, then everyone follows London street (4,4) 8 Louisiana local engineers imprisoned by old king? (6) 9 Magic Circle where one kind of doctor may be admitted (8) 10 When premium’s above average size, it’s fireproof (8) 11 Take a chance to raise
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  • ARTS
    • 549 36  -  Pioneer local artist Choo Keng Kwang opens solo exhibition at 81, centred on theme of stability, reports reports HELMI YUSOF ABOUT 50 years ago, Choo Keng Kwang’s paintings sold for just $150 each at pasar malams (night markets). He was an unknown artist then, eager
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    • AroundTown
      • Article, Illustration
        112 36 A Tale of 3 Cities Kolkata, Goa and Mathura: Doors, derelict rooms and random items such as bells may not sound particularly intriguing. But Indian photographer Ajay Rajgarhia explores the beauty in the mundane and dilapidated, in his first-ever solo exhibition here. Gathered from his travels across India, these
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      • Article, Illustration
        75 36 Black and White: Proving that bright, vibrant colours aren’t always necessary to bring art to life, this exhibition is solely dedicated to black and white works done by 10 Asia-Pacific artists. The art pieces displayed include Chinese painter Tian Mangzi’s Language of Mathematics and Singapore photographer Kheng-Li Wee’s Kazakh
        75 words
      • 333 36  -  Compiled by SARA YAP Fun: Known for the smash hit We Are Young, which bagged them a Grammy award for Song of the Year, American indie band Fun will hold their first concert here. Fans can expect to hear the band’s popular songs, such as Some Nights and Carry
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    • 762 37  -  Panerai’s beguiling art exhibition in Beijing explores the concept of time, reportsHELMI HELMI YUSOF IF YOU have some time in Beijing, take a stroll through Panerai’s o’clock art exhibition for an intriguing examination of time itself. Panerai, the luxury watch brand with the distinctive crown guard, invited
      762 words
    • 558 37  -  By CHEAH UI-HOON HOW does Singapore art hold up against its regional counterparts? Decide for yourself at an exhibition of works by South-east Asian artists which kicked off yesterday at the Espace Louis Vuitton gallery. The artists from Singapore, Vietnam, Cambodia, Indonesia, Thailand,
      558 words
    • 708 37  -  By SARA YAP A DIMLY-LIT photo of a woman sporting hot pink lipstick. A side-profile shot of a woman with a mohawk. Another one donning a masquerade ball mask. Chinese fashion photographer Chen Man’s subjects look like models in a fashion magazine shoot,
      708 words
  • Page 36 Advertisements
    • 356 36 £AP rece W SINGAPORE A PREMIER EVENT IN THE ASIA PACIFIC FOR ALL REAL ESTATE AGENTS TO GROW YOUR BUSINESS "BRIDGING GLOBAL PARTNERSHIP" Asia Pacific Real Estate Convention Expo 2013 "Bridging Global Partnership' Convention: 20 22 March 2013 Exposition: 21 23 March 2013 Marina Bay Sands Singapore CONVENTION APRECE™ Convention
      356 words


  • MUSIC
    • 728 38  -  Rufus Wainwright goes solo for Timbre Rock Roots festival, writes CHRISTOPHER LIM writes CHRISTOPHER LIM GIVEN that Rufus Wainwright has scored ballets and operas while setting Shakespeare’s sonnets to music, he would probably know how to do a live show. You can expect
      728 words
    • 585 38  -  MOSAIC MUSIC FESTIVAL 2013 By CHRISTOPHER LIM STUDIO albums do a fair job of showing an audience what it can expect from a live performance. But where Esperanza Spalding is concerned, her Radio Music Society release last year was only a hint of
      585 words
    • 534 38  -  By CHRISTOPHER LIM INTENSE Japanese instrumental groups look set to be a regular feature at the Mosaic Music Festival. Last year, Toe performed. Last Friday, Toe’s label mates at Machu Picchu, mouse on the keys, helped to kick off the festival with two sold-out sets. Those unfamiliar
      PHOTO: CHRISTOPHER LIM  -  534 words
    • Article, Illustration
      466 38  -  CD REVIEWS By CHRISTOPHER LIM A LOOK at the latest albums from artists playing at the Mosaic Music Festival and Timbre Rock Roots. machinic phylum mouse on the keys Machu Picchu Rating: AAlthough mouse on the keys’ last full album is 2009’s an anxious object, the Japanese trio’s
      466 words

  • CINEMA
    • 562 39  -  Warm Bodies may have a silly premise but it manages to make its case convincingly, writes GEOFFREY EU writes GEOFFREY EU THERE’S no shortage these days of movies about love after death, but Warm Bodies offers irrevocable proof that making whoopee isn’t just for
      PHOTO: BLOOMBERG  -  562 words
    • 463 39  -  By DYLAN TAN AS the old saying goes, it’s all fun and games till someone gets hurt. That can’t be more true in Outrage Beyond the blood-soaked sequel to 2010’s equally hyper-violent Outrage as the baddies in the yakuza flick double cross, betray and put gang
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  • Page 39 Advertisements
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