The Business Times, 19 March 2013
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2013-03-19
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The Business Times
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Title Section25 2013-03-19 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, March 19, 201325 words
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Article, Illustration725 2013-03-19 1 CHUANG PECK MING - Pharmaceuticals and oil rigs register big fall, even as weakness in electronics persists By CHUANG PECK MING [SINGAPORE] Singapore's exports plunged far more than expected in February from a year earlier, dragged down by a sharp drop in pharmaceuticals and oil rigsSource: IE S’pore - 725 words
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MARKETS DIGEST
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Article65 2013-03-19 1 HST INDEX 3,256.47 (-29.58) HST INDEX FUTURES 3,250.00 (-29.00) HSIMSCI 368.97 (-3.02) HSIMSCI FUTURES 368.30 (-3.20) uss SS USS (5$ per USS) 1.250 (U5S/SS per 1.510 1.887 EURO (U5$/SS/€) 1,293 1.617 Foreign currency per USS 55 YEN 94.80 75.80 RM 3.133 2.506 HKS 7.761 6.209 BAHT 29.56 23.65 RUPIAH65 words
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Article48 2013-03-19 1 Monday Change KL COMP 1,621.36 -6.28 NIKKEI 225 12,220.63 -340.32 HANG SENG 22,083.36 -449.75 SET INDEX 1,591.65 -6.48 JAKARTA COMP 4,802.83 •16.50 MANILA COMP 6,536.18 -118.42 SEOUL COMP 1,954.63 -18.96 SHENZHEN B 780.99 •16.80 MUMBAI IND 19,293.20 -134.36 12noon EDT Change DOW 14,497.44 -16.57 NASDAQ 3,251.57 -7.5048 words
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Article26 2013-03-19 1 SINGAPORE 5,38 MALAYSIA 6,55 HONGKONG 5.00 INDONESIA 13.446 TAIWAN .......5-036 JAPAN ,...,...,...,...1.475 KOREA BRITAIN 0.50 US CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg26 words
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Article, Illustration851 2013-03-19 1 NEIL BEHRMANN - Govt, creditors frantically discuss cut in bank deposit levy By NEIL BEHRMANN in London A BOTCHED 10 billion euro (S$16.3 billion) Cyprus bailout deal precipitated sharp European and global stockmarket declines yesterday as investors feared a run on Cypriot and other weak European banks.PHOTO: REUTERS - 851 words
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Page 1 Advertisements
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Advertisement90 2013-03-19 1 SME INC Online gaming is more than just fun PAGE 9 IMAGE AND BRANDING F1 success may not sell more cars: Moody’s PAGE 3 PRODUCTIVITY MATTERS Raising the bar for welfare groups PAGE 11 PROPERTY Investment activity expected to rise this year PAGE 30 8 *****1 *****4 \-o c* <&)90 words
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TOP STORIES
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735 2013-03-19 2 ANTHONY ROWLEY - These could develop in local-currency bond markets as foreign capital pours in By ANTHONY ROWLEY in Tokyo THE Asian Development Bank (ADB) has sounded a strong warning about the danger of “asset bubbles” developing in the region’s local-currency bond markets as foreign735 words
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Article, Illustration937 2013-03-19 2 GRACE LEONG - It says there were inconsistencies in what she said By GRACE LEONG [SINGAPORE] In a twist to events in the Peter Lim corruption trial yesterday, the prosecution now wants to cross-examine its key witness. Deputy Public Prosecutor Sherlyn Neo secured the court’sPHOTO: WONG KWAI CHOW/THE STRAITS TIMES - 937 words
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Article339 2013-03-19 2 S’pore key exports dive 30.6% in Feb SINGAPORE’S non-oil domestic exports fell 30.6 per cent last month from a year ago, dragged down by a sharp drop in pharmaceuticals and oil rigs as well as continued weakness in electronics. The fall is on par with the 31 per339 words
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744 2013-03-19 2 SHU-CHING JEAN CHEN - Policy measures so far seem to target extreme consumption By in SHU-CHING JEAN CHEN in Hong Kong CHINA’S new leadership seems far more intent than its predecessors to tackle corruption, a task inextribcably bound with economic implications. The country’s new-ly-minted president Xi Jinping, following his744 words
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Article, Illustration640 2013-03-19 3 MICHELLE QUAH - It says mid-ranked teams may actually suffer negative effects By MICHELLE QUAH [SINGAPORE] Fielding your own team in the Formula One World Championship may bring with it much glamour and prestige, but it does not always translate into financial success for carmakersSource: Moody’s - 640 words
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Article, Illustration837 2013-03-19 3 NEETA LAL - Foreign institutional investors ploughed US$31 b into market By NEETA LAL in New Delhi TO make India more inves-tor-friendly and to address a disquieting current account deficit which ballooned to a record 5.4 per cent of GDP in the second quarter, India’s ruling coalition, the837 words
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Page 2 Advertisements
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Advertisement136 2013-03-19 2 S*gS <S*m na v, gaf procreating Unc ertain t- /customer fio n i mtS K* experience g/ 0Aa^C^ '//Yi i Grown. fe stakeholder power 3D P taking ott —r~ <* e l u cce v A 1 Corporate governance 5 overhaul lue &S&. prints nnff J&2 €s\A Why I ...is136 words
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Page 3 Advertisements
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COMPANY NEWS
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Article, Illustration609 2013-03-19 4 JOYCE HOOI - Analysts say telco might sell the unit or at least consider any offers for it By JOYCE HOOI SINGTEL’S Optus Satellite unit, valued by some at anywhere from A$1.5 billion (S$1.94 billion) to A$2 billion, might come into circulation, industry watchers speculated yesterday. FollowingPHOTO: BLOOMBERG - 609 words
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561 2013-03-19 4 R SIVANITHY - Broker-imposed trading curbs, part two SGX must regulate HOCK LOCK SIEW By R SIVANITHY SOME six weeks ago, this column warned of the strong likelihood that with the fever in penny stock punting threatening to boil over dangerously, local broking houses faced with rising credit risks or over-exposure to a561 words
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516 2013-03-19 4 LYNN KAN - Rigbuilder seen as beneficiary of strong Mexican demand By LYNN KAN A REPEAT order from Mexico boosted Sembcorp Marine’s 2013 order book but failed to boost its shares on a day when the Singapore stock market suffered a broad retreat. Mexican Integradora de Servicios Petroleros516 words
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429 2013-03-19 4 ONG CHOR HAO - By ONG CHOR HAO SINGAPORE real estate investment trusts (S-Reits) are exposing themselves to various risks as they rely more and more on debt financing, a trend that is likely to continue this year, according to Fitch Ratings. The uncertainties include refinancing risk429 words
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Article, Illustration371 2013-03-19 5 TEH SHI NING - Ong repeats statements at AGM which are subject of libel suit by Foo By TEH SHI NING SHAREHOLDERS of Sakae Holdings have voted unanimously to remove Andy Ong Siew Kee from its board of directors. Mr Ong, 42, was a non-executive and non-in-dependentST FILE PHOTO - 371 words
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Article509 2013-03-19 5 CAI HAOXIANG - MOU on issue of 3b shares at HK$0.246 apiece By CAI HAOXIANG CHINA’S state-owned lender, China Development Bank (CDB), has expressed an interest to buy a 40.01 per cent stake in main-board-listed China New Town Development (CNTD). CNTD and CDB’s investment holding company509 words
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COMPANY BRIEFS
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56 2013-03-19 5 ROXY-Pacific Holdings Ltd has established a $200 million multicurrency medium term note programme to issue notes from time to time. United Overseas Bank has been appointed as the arranger and dealer of the programme. The net proceeds arising from the issue of the notes will56 words
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95 2013-03-19 5 SINGAPORE Exchange main-board-listed Willas-Array Electronics (Holdings) Ltd has announced its intention to seek a dual primary listing of its ordinary shares on the main board of The Stock Exchange of Hong Kong Ltd. Over the years, the group said its business has95 words
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118 2013-03-19 5 YOMA Strategic Holdings plans to move into the luxury tourism sector in Myanmar with a new joint venture with First Myanmar Investment Co (FMI), a subsidiary of Serge Pun Associates (Myanmar) Ltd. Yoma will hold a 70 per cent stake in Chindwin Holdings,118 words
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398 2013-03-19 5 CARINE LEE - By CARINE LEE YONGNAM Holdings Limited plans to diversify into investing in infrastructural developments. The structural steelworks provider yesterday said it intends to consider joint ventures with partners with the relevant expertise of infrastructural developments in Singapore and overseas. Yongnam said the proposed398 words
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477 2013-03-19 5 TEO SI JIA - By TEO SI JIA AFTER raising net proceeds of $400.6 million from a recent private placement, Ascendas Real Estate Investment Trust (A-Reit) has bought the Galen for $126 million. The six-storey commercial property at 61 Science Park Road is owned477 words
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Page 4 Advertisements
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Advertisement323 2013-03-19 4 CONSENSUS ESTlHftHS. Get a heads up on the stock ma rket Ever wonder whether you should buy, sell or hold onto your shares? Use Sharelnvestor’s CONSENSUS ESTIMATES to research and gain valuable insight towards your decision making. Find out the consensus recommendation and target price from research analysts before you323 words
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Advertisement68 2013-03-19 4 MAR ISSUE OUT NOW! THE LATEST CAMERA TECH FROM JAfAN tr m 7-INCH TABLET TESTED Backup Your Ebooks installing office 365 Make Use of Google Drive Editors Choice Inside IN THIS ISSUE 7-IIMCH TABLETS TESTED! CAMERAS FROM CP+ SPEEDY SSD SHOOTOUT MARCHETECH FAIR 1 SPECIAL! 40% Enjoy 40% off when68 words
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Advertisement248 2013-03-19 4 InvestorRelationsHighlights Ace Achieve Clinched Contract From China Unicom For 3rdConsecutive Year SGX Mainboard-listed Ace Achieve Infocom Limited, one of China’s leading provider and innovator of telecommunication solutions and products, has secured a repeat contract from China Unicom Limited to supply IT infrastructure and related installation services for the third consecutive248 words
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Page 5 Advertisements
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Advertisement493 2013-03-19 5 Ready for Occupation by 3Q 2013 Ml Hi 1$ 4 4a j i. I* :Ni i i A <r 6 SVl" ,T i R&D Laboratory cum Office space Biopolis Within 10 mins walk from Buona Vista one-north MRT stations BOA Green Mark Gold Award development Modular column-free units and Hotel493 words
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SINGAPORE MARKETS
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Article, Illustration599 2013-03-19 6 R SIVANITHY - Penny shares also not spared as Singapore market retreats amid fears of Western bourses tanking this week STOCKS R SIVANITHY Senior Correspondent STOCK markets were hit for six as the spectre of Europe’s debt problems loomed large yesterday, this time in the form of aSource: Bloomberg - 599 words
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Article73 2013-03-19 6 Mar 18 VALUE CLOSE BT OB/OS -219.00 +144.00 BT CADI -*****.00 -229.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 800.23 -3.86 FTSE ST Small Cap 560.83 -2.97 FTSE ST All Share 800.85 -6.50 FTSE ST China Top 214.80 -1.97 FTSE ST China 241.28 -2.64 FTSE73 words
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Article186 2013-03-19 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 10 2 0 0 0 3 10 2 Manufacturing 31 77 30 1 11 9 32 88 39 Commerce 11 39 13 4 8 2 15 47 15 Tpt/Stor/Comms 6 25 10186 words
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Article117 2013-03-19 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,673 27,673 69,953 69,953 Manufacturing 263,316 161,551 424,867 157,650 3,603 161,254 Commerce 538,001 142,881 680,882 140,146 7,756 147,902 Tpt/Stor/Comms 77,298 18,819 96,117 120,959 6,856 127,815 Finance 51,401 483 51,884 156,357 198 156,555 Construction 136,816 38,645117 words
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Article, Illustration918 2013-03-19 6 Kenneth Lim - Compiled by Kenneth Lim Sarin Technologies March 18 close: S$1.36 Maybank Kim Eng Research, March 18 SARIN’S share price surged by 17 per cent to a high of S$1.465 over three weeks after its Q4-2012 results before retreating. We believe that the optimism displayed was a reflection ofSource: Bloomberg - 918 words
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Article113 2013-03-19 6 Stock name Close Change CapMallsAsia 2.030 -0.020 CapitaLand 3.460 +0.060 CapitaMall 2.100 -0.010 CityDev 10.850 +0.090 ComfortDelGro 1.890 -0.020 DBS Grp 15.430 -0.320 F&N 9.440 GLP 2.610 -0.050 Genting SP 1.455 -0.020 Golden Agri 0.580 -0.010 HK Land 6.840 -0.170 JMH 64.560 +0.060 JSH 39.600 -1.260113 words
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Article, Illustration555 2013-03-19 6 Reuters [LONDON] The euro slumped yesterday as investors took news of a bailout plan for Cyprus that involves taxing bank deposits as a dangerous precedent that could ultimately lead to bank runs elsewhere in the eurozone. During the weekend, eurozone finance ministers demanded thatReuters; PHOTO: BLOOMBERG - 555 words
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Article56 2013-03-19 6 VOLUME SingHaiyi 382,556,000 Digiland 212,632,000 Golden Agri 128,297,000 Rowsley 126,561,000 NexGenSCom 98,673,000 TT Intl 92,080,000 IPCO Intl 77,341,000 WE Hldgs 69,231,000 Magnus 69,121,000 Thai Beverage 68,987,000 VALUE($) CapitaLand 80,100,975 Golden Agri 74,504,750 HK Land 72,371,206 DBS Grp 50,815,040 Rowsley 50,253,045 UOB 46,311,029 SingTel 43,526,326 Thai Beverage 41,959,03056 words
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Article124 2013-03-19 6 BY CENTS CLOSE UP GLD 10US$ ***** 208.7 1.1 DBS Bk 4.7% NCPS 100 ***** 50.0 0.5 DBXT S&P Short 10US$ 3199 42.5 1.1 DBXT AUD Bonds 5AU$ ***** 38.9 0.2 DBXT MSJAP 10US$ 4150 37.5 0.7 DBXT FTVietnam 10US$ 2530 35.0 1.1 Hyflux 6% CPS 10 ***** 30.0124 words
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Article130 2013-03-19 6 BY CENTS CLOSE DOWN SPDRS S&P 500 10US$ ***** -246.2 -1.3 JSH 3960 -157.5 -3.1 DBXT MSKorea 10US$ 5804 -127.5 -1.7 DBXT MSAsExJp 10US$ 3249 -93.7 -2.3 Lyxor AsiaRE 10US$ 1060 -87.5 -6.2 IS S&P500 ***** -73.7 -0.4 DBXT FTChina25 10US$ 2796 -52.5 -1.5 DBXT STGLDv100 10US$ 2990 -42.5130 words
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FOCUS: ENERGY & COMMODITIES
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Article, Illustration560 2013-03-19 7 ANDREA SOH - While oil prices will fall, LNG won’t be any cheaper, says energy consultant Reports by ANDREA SOH in Hong Kong ASIAN governments hoping to capitalise on lower energy prices as a result of the US shale revolution are in for some disappointment, according toPHOTO: AP - 560 words
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Article, Illustration464 2013-03-19 7 Demand for cars, housing to rise with population growth CHINA’S demand for steel, and by extension iron ore, will continue to remain strong through the decade, keeping the iron ore market buoyant till at least 2022, said Vale president and chief executive Murilo Ferreira464 words
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Page 7 Advertisements
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Advertisement69 2013-03-19 7 To CEOs, CFOs, COOs Office Managers Evaluating Office Relocation Expansion Space We help you to achieve the following: I. Free Identification of Office Space and Buildings for Lease based on Your New Requirements II. Evaluate Suitable Office Sizes and Space, Perform Budget Estimation for Effective Decision Making III. Provide Good69 words
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Advertisement155 2013-03-19 7 k e9~ss* «7ip ftp s*. K w no V IT A 4ff II M < it .tStiv s x r> a new event experience de si pried around you From international conferences to your next annual event, at the rejuvenated Pan Pacific Singapore you can meet, greet and entertain in155 words
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SINGAPORE NEWS
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Article, Illustration339 2013-03-19 8 LYNN KAN - Completion tools facility marks first phase of its growing presence in S’pore By LYNN KAN t h e world’s second-largest oil and gas equipment maker, opened its flagship manufacturing centre for completion tools at Jurong Industrial Park yesterday, to meet growing demand from339 words
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223 2013-03-19 8 NG SAI YING - By NG SAI YING THE $200 million redevelopment of Downtown East kicked off yesterday with a groundbreaking ceremony. The whole project, Refreshing Downtown East, will be carried out in three phases. During the first phase, the Escape Theme Park will make way for223 words
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545 2013-03-19 8 NG SAI YING - Prototype is result of IMRE-Hoestar collaboration By NG SAI YING A*Star’s Institute of Materials Research and Engineering (IMRE) supplies technical knowledge and talent, while Singapore’s Hoestar PD Technology Pte Ltd integrates the technical knowledge with practical and commercial applications via analysis software. This545 words
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Article, Illustration581 2013-03-19 8 TEO SI JIA - By TEO SI JIA THE cheery yellow sunflower, the international symbol of palliative care, will make a splash at this year’s OCBC Cycle Singapore event. A team of four cyclists calling themselves the Sunflower Riders will ride to raise funds581 words
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Article, Illustration339 2013-03-19 8 WEE LE TING - By WEE LE TING IN a bid to clamp down on illegal parking, the Land Transport Authority (LTA) launched two tenders yesterday for the installation and operations of Close Circuit Television Cameras (CCTVs) at 30 locations islandwide. This is in conjunction with LTA’s on-going339 words
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436 2013-03-19 8 RONNIE LIM - Chemicals producer ‘has big plans for Asia’, says its boss By RONNIE LIM GERMAN chemicals producer Evonik in which Temasek Holdings last week paid 600-plus million euros (S$969 million) for a 4.6 per cent stake has started recruiting staff for its world-scale 500436 words
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SME Inc
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Article, Illustration1237 2013-03-19 9 VICTOR KATHEYAS - Online gaming more than just fun IAHGames has published online games in S-E Asia and its CEO says that the business can be profitable too. By VICTOR KATHEYAS ONLINE gaming isn’t just fun. According to Roland Ong, IAHGames group chief executive officer, it can be profitable too. iAHGames was incorporatedPHOTO: ARTHUR LEE - 1,237 words
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Article, Illustration1014 2013-03-19 10 HELEN BOK - The various schemes in Budget 2013 can be tweaked for businesses to be even more productive and competitive COMMENTARY By HELEN BOK The writer is Tax Partner at Ernst Young Solutions LLP. The views reflected in this article are her own and doPHOTO: BLOOMBERG - 1,014 words
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Page 9 Advertisements
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Advertisement461 2013-03-19 9 3APRECE W SINGAPORE SI Asia Pacific Real Estate Convention Expo 2013 Convention: 20 22 March 2013 I Exposition: 21 23 March 2013 I Marina Bay Sands Singapore Visit The Largest Real Estate Expo In The Asia FREE Admission to the Expo and Property Investment Seminars PUBLIC SEMINAR TOPIC HIGHLIGHTS "UK461 words
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Advertisement65 2013-03-19 9 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with65 words
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Page 10 Advertisements
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Advertisement349 2013-03-19 10 AN ASME-LIANHE ZAOBAO AWARD If M t m Hf Sinsapore Prestige Brand Award 13 Like a spark that ignites a fire, a strong brand spirit fuels an organisation to make bold branding initiatives and accelerate its journey of growth. Find out if you have the glowing edge over the competition349 words
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PRODUCTIVITY MATTERS
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Article, Illustration1163 2013-03-19 11 TEH SHI NING - Efficiency gains have to align with the sector’s goal of delivering better personalised care to the community.TEH SOCIAL SERVICES NINGreports TEH SHI NING EVEN as Singapore’s businesses are being coaxed to invest more in technology and innovation, the government is training its productivity spotlightFILE PHOTO - 1,163 words
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Article, Illustration1058 2013-03-19 11 NATHANIEL CHEW - The Alzheimer’s Disease Association hasn’t allowed staff shortage to stop it from delivering quality service By NATHANIEL CHEW THE executive director of the Alzheimer’s Disease Association (ADA) here, Theresa Lee, would be the first to admit that its manpower shortage has created a less-than-ideal situation.1,058 words
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Article196 2013-03-19 11 Schemes for Social services Sector funding© work processes improvement workforce development© LEGEND SCHEME WHAT YOU GET WHO TO CONTACT 0O Professional Capability Grant Scholarships and study awards to attract and retain quality manpower for key professions in the social services sector. Local and overseas training grants to196 words
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MALAYSIA/INDONESIA
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Article, Illustration604 2013-03-19 12 While Changi serves long-haul flights, Senai could cater to medium-haul sector [JOHOR BARU] Iskandar Malaysia is planning to propose the twin-airport concept to Singapore in a bid to boost the aviation industry in the republic and south Johor. Iskandar Regional Development Authority chief executivePHOTO: IRDA - 604 words
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522 2013-03-19 12 S JAYASANKARAN - By S in Kuala S JAYASANKARAN in Kuala Lumpur MALAYSIAN national oil company Petroliam Nasional, or Petronas, is likely to be the biggest beneficiary of South Sudan’s recent resumption of oil production which has been interrupted for most of last year owing522 words
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373 2013-03-19 12 Reuters [JAKARTA] The World Bank has cut its growth forecast for Indonesia to 6.2 per cent this year, from its 6.3 per cent estimate last December, citing an expected moderation in domestic investment growth. “Investment will. continue to be aReuters - 373 words
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Page 12 Advertisements
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Advertisement178 2013-03-19 12 www.stjobs.sg r L. Hire Mr Right. Hire your ideal employee through STJobs. You can't go wrong when the system is so right: Effective coverage Reach out to close to 600,000 jobseekers Call For Action by Candidates Automated email alerts to matching candidates encouraging them to apply Maximum exposure Enjoy 30178 words
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GREATER CHINA
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Article, Illustration541 2013-03-19 13 Analysts expect further property curbs as new premier takes helm Bloomberg [SHANGHAI] China’s new home prices have posted the broadest advance since December 2011, a test for new Premier Li Keqiang as he seeks to prevent a bubble without dampening economic growth.Bloomberg; PHOTO: REUTERS - 541 words
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308 2013-03-19 13 Bloomberg [HONG KONG] JPMorgan Chase Co has advised cutting Chinese stock holdings and betting against the nation’s biggest banks as economic growth slows and inflation quickens. The largest US lender by assets downgraded China to underweight and recommended bearish derivatives tied to the country’sBloomberg - 308 words
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270 2013-03-19 13 Reuters [HONG KONG] China’s largest hypermarket chain, Sun Art Retail Group, said it plans to open more than 50 new stores in the country this year as it increasingly taps growth in less developed cities. Sun Art’s expansion comesReuters - 270 words
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276 2013-03-19 13 Reuters [BEIJING] China has become the world’s fifth-larg-est arms exporter, a respected Sweden-based think-tank said, its highest ranking since the Cold War, with Pakistan the main recipient. China’s volume of weapons exports between 2008 and 2012 rose 162 per cent compared with theReuters - 276 words
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Page 13 Advertisements
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Advertisement93 2013-03-19 13 u. .A. We take you from Singapore to each of the 5 American cities via Tokyo conveniently without hassles. With ANA’s network, we take you from Singapore to the United States via Tokyo with no hassles. New York, Washington D.C., Chicago, San Francisco and Los Angeles. For business and sightseeing,93 words
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INDIA
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Article545 2013-03-19 14 He also says there is a case for the Reserve Bank of India to cut rates Bloomberg Reuters [NEW DELHI] India’s finance minister said the nation may ease restrictions on foreign direct investment (FDI) and called on the central bank to cut interest rates, asBloomberg; Reuters - 545 words
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Article, Illustration351 2013-03-19 14 Reuters [MUMBAI] India’s high food inflation is a negative for the country’s sovereign ratings as it filters through the broader economy, with adverse consequences for growth and the country’s large fiscal and current account deficits, Moody’s Investors Service said. Moody’s is the onlyReuters; PHOTO: REUTERS - 351 words
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448 2013-03-19 14 Bloomb erg [NEW DELHI] Reliance Industries, battling to reverse a two-year slump in natural gas production, is spending about US$1 million a day with partner BP to look for new reserves more than a mile below its biggest field, said a person with directBloomberg - 448 words
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330 2013-03-19 14 Bloomberg [MUMBAI] K Anji Reddy, the founder of Dr Reddy’s Laboratories, India’s second-largest drugmaker, has died after “ailing for some time”, the company said. The cause of death was not given in a statement released by Dr Reddy’s. Reddy, a billionaire, died ofBloomberg - 330 words
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Page 14 Advertisements
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Advertisement1976 2013-03-19 14 EXCELPOINT TECHNOLOGY LTD (Company Registration No. *****3280C) (Incorporated in the Republic of Singapore with limited liability) NOTICE OF TWELFTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of Excelpoint Technology Ltd (“the Company”) will be held at Grand Mercure Roxy Singapore, 50 East Coast Road,1,976 words
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ECONOMY WATCH
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Article, Illustration1017 2013-03-19 15 Regime changes in the air for BOJ, BOE; Fed to continue with bond-buying policy Reuters [LONDON] The Bank of Japan (BOJ) welcomes a new anti-deflation governor this week, the Bank of England (BOE) might get a new pro-growth mandate and the Federal Reserve isReuters; PHOTO: REUTERS - 1,017 words
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315 2013-03-19 15 Local bodies to bid for funds for skills, housing transport Reuters [LONDON] A plan to devolve potentially billions of pounds of public spending to local authorities and businesses in Britain to boost a stagnant economy won a green light from the governmentReuters - 315 words
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Page 15 Advertisements
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Advertisement2796 2013-03-19 15 Elec Eltek fix 1SI Elec Eltek International Company Limited (Incorporated in the Republic of Singapore with Limited Liability) Singapore Company Registration Number: *****0005H (Hong Kong Stock Code: 1151) (Singapore Stock Code: E16.SI) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the members of2,796 words
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WORLD
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433 2013-03-19 16 Ratings agencies’ evaluation of banks not transparent enough, says ESMA Reu ters [LONDON] The European Union’s (EU) markets watchdog has criticised the world’s top three credit ratings agencies for a lack of transparency over how they evaluate banks and demanded more robust internal reviewsReuters - 433 words
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Article, Illustration59 2013-03-19 16 [LONDON] A Sotheby’s staff posing yesterday with Spanish artist Pablo Picasso’s 1960 ‘Vase Gros Oiseau Vert’ ahead of the sale of‘A Private Collection of Important Ceramics by Pablo Picasso’ at Sotheby’s auction house in central London. The ceramic is expected to sell for £25,000-35,000 (S$47,000-66,000) whenPHOTO: REUTERS - 59 words
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Article, Illustration888 2013-03-19 16 Reuters [NEW YORK] Don’t be fooled by the Mexican stock market’s slow start to the year. The country’s push for economic reforms and the revival of the economy of its largest trading partner, the United States, are stirring investor interest in Latin America’s No 2Reuters; PHOTO: REUTERS - 888 words
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454 2013-03-19 16 Bloomberg [MOSCOW] Brazil, Russia, India, China and South Africa will move towards setting up a development bank during next week’s summit to speed up the makeover of the world’s “aging” financial infrastructure, a Kremlin envoy said. Leaders of the so-called BRICS group ofBloomberg - 454 words
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625 2013-03-19 16 Joining EU and euro emerging as clearest path to stability Bloom berg [REYKJAVIK] As Iceland maps out strategies to exit currency controls in place since the nation’s 2008 economic meltdown, joining the European Union (EU), and then the euro, isBloomberg - 625 words
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996 2013-03-19 17 Those changes were one of the main reasons the losses grew so large Reuters [NEW YORK] In 2011, senior executives at JPMorgan Chase Co told one of the bank’s trading and hedging groups to scale back its riskier positions as new regulationsReuters - 996 words
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330 2013-03-19 17 AFP [SYDNEY] Australian Prime Minister Julia Gillard yesterday opened the way for “sensible” changes to proposed press reforms, after outraged media proprietors attacked them as “draconian” and “bad law”. The reforms, which will include a new public interest test for majorAFP - 330 words
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Article, Illustration617 2013-03-19 17 AP [NEW YORK] City Comptroller John Liu embarked Sunday on a mayoral bid that reflects the political rise of N e w Y or k Cit y s Asian-American population but has been shadowed by a fundraising-con-spiracy case against twoAP; PHOTO: AP - 617 words
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1044 2013-03-19 18 Bets on Brazil’s real, Mexican and Chilean peso produce profits of 13-15% this year Bloomberg [LONDON] Latin America is leading a revival in carry trade profits as investors buy the region’s currencies while selling those of nations with interest ratesBloomberg - 1,044 words
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Article, Illustration92 2013-03-19 18 [OBERHAUSEN, Germany] Journalists filming the inside of the ‘Big Air Package’ by US-Bulgarian artist Christo, during a preview at the Gasometer in Oberhausen, western Germany. The indoor installation, which was created for the former gas holder, is 90 metres high, with a diameter of 50 metres andPHOTO: AFP - 92 words
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340 2013-03-19 18 AFP [TOKYO] Cash-strapped Japanese electronics giant Sharp said yesterday that a badly needed capital injection from US chipmaker Qualcomm had been delayed as the two sides hammer out details of the pact. Sharp in December announced it had struck a US$120 million deal withAFP - 340 words
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215 2013-03-19 18 Reuters [BERLIN] Standard and Poor’s sees a high risk that Spain, Italy, Portugal and France will not be able to carry through necessary reforms as the unemployed become less willing to put up with austerity, S&P’s Germany head Torsten Hinrichs told a newspaper.Reuters - 215 words
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Article, Illustration707 2013-03-19 18 Complaints of waste come as US presses to restrain UN budget AFP [UNITED NATIONS] The United States is taking aim at “excessive” business class air travel by United Nations staff as it presses a campaign to restrain the global body’s multi-billion dollarAFP; PHOTO: BLOOMBERG - 707 words
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Article, Illustration609 2013-03-19 18 Bloomberg [SYDNEY] Australia’s former prime minister Kevin Rudd is twice as popular with voters as incumbent Julia Gillard six months ahead of an election, according to an opinion poll that may stir more talk of a leadership challenge. Asked who ofBloomberg - 609 words
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660 2013-03-19 19 Employees in China said to have bribed officials in exchange for information NYT [NEW YORK] The US government’s inquiry into News Corp broadened last year when the Justice Department investigated claims that employees in the China news bureau of The Wall Street Journal bribedNYT - 660 words
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Article, Illustration381 2013-03-19 19 AP [LONDON] A painting donated to Britain’s National Trust by the estate of a wealthy supporter has been identified as a Rembrandt self-portrait worth £20 million (S$38 million), the heritage body said yesterday. The painting was given to the trust in 2010 by theAP; PHOTO: AP - 381 words
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Article, Illustration573 2013-03-19 19 NYT [WASHINGTON] Each time in recent years that the Federal Reserve has paused in its efforts to stimulate the economy, it has come to regret the decision as premature. Its leading officials say the recovery has been slower as a result ofNYT; PHOTO: AFP - 573 words
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255 2013-03-19 19 AFP [TOKYO] A smartphone that can take the pulse of a user just by looking at his or her face was unveiled in Japan yesterday. Technology giant Fujitsu plans to put the invention to practical use within a year, enabling people at work orAFP - 255 words
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330 2013-03-19 19 Bloomberg [SYDNEY] Concern about high-frequency trading in Australian equity markets is “overstated”, the country’s securities regulator said after concluding a study that found no systematic manipulation of markets by traders using these strategies. The Australian Securities and Investments Commission saw a “marked change” in theBloomberg - 330 words
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258 2013-03-19 19 Reuters [NEW YORK] US futures regulators are looking into whether high-speed traders indulged in “wash trading,” a strategy in which they improperly buy and sell futures contracts without taking a position in the market, The Wall Street Journal reported, citing people familiarReuters - 258 words
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Article, Illustration1072 2013-03-19 20 ONS won’t refurbish the flawed index, which will remain the benchmark for inflation-tied prices Bloomberg [LONDON] The UK’s Office for National Statistics (ONS) is making economists anxious about inflation. After an inquiry into its 57-year-old Retail Price Index (RPI) upended the £290 billionBloomberg; PHOTO: REUTERS - 1,072 words
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Article, Illustration732 2013-03-19 20 Japan PM’s record high ratings edge even higher Reuters [TOKYO] Japan Prime Minister Shinzo Abe’s first politically risky step of declaring the country’s intent to join talks on a US-led Pacific Rim free trade pact appears to be paying off asReuters; PHOTO: AP - 732 words
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222 2013-03-19 20 Bloomberg [LONDON] Global banks’ cross-border lending increased at the slowest rate in 13 years in the third quarter, restrained by a contraction in loans to financial firms in the euro area, the Bank for International Settlements (BIS) said. Lenders reporting to BIS,Bloomberg - 222 words
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Article245 2013-03-19 20 AFP [TOKYO] Embattled Japanese electronics giant Panasonic plans to scale down its television business and withdraw from manufacturing plasma displays, a report said yesterday. Under its mid-turn business plan to be announced on March 28, Panasonic will significantly downsize its television business over a three-yearAFP - 245 words
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Article, Illustration967 2013-03-19 20 Bloomberg [PARIS] Keeping former president Nicolas Sarkozy in style costs the French taxpayer more than 2 million euros (S$3.3 million) annually as his successor drags citizens through an unprecedented shrinking of the state budget. Messrs Sarkozy, Jacques Chirac and Valery Giscard d’Estaing,Bloomberg - 967 words
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Page 17 Advertisements
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Advertisement114 2013-03-19 17 www.omy.sg r r u\ a oat-? NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 And In the Matter of 1. NEW WORLDWIDE DATABASE PTE. LTD. (Registration No: *****0685G) 2. ONLY TWO PTE. LTD. (Registration No *****8901R) 3. NET PROACTIVE SERVICES (S) PTE. LTD. (Registration No *****1579N) (In Members'114 words
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Advertisement353 2013-03-19 17 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Rule 91 and 101 FORM 69 (3) IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LINGUA TECH (S) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) Company Registration No. *****4216W NOTICE OF INTENTION TO DECLARE PREFERENTIAL DIVIDEND Name353 words
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Advertisement105 2013-03-19 17 Rule 91 and 101 FORM 69 (3) IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF TRANSLATION EXPRESS (S) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) Company Registration No. *****0320E NOTICE OF INTENTION TO DECLARE PREFERENTIAL DIVIDEND Name of Company: TRANSLATION EXPRESS (S) PTE. LTD. (IN105 words
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Advertisement105 2013-03-19 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) NEW WORLDWIDE DATABASE PTE. LTD. (Registration No: *****0685G) (2) ONLY TWO PTE. LTD (Registration No: *****8901R) (3) NET PROACTIVE SERVICES (S) PTE. LTD. (Registration No: *****1579N) (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that105 words
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Advertisement418 2013-03-19 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TRIBECA GLOBAL MANAGEMENT (ASIA) PTE. LTD. (Registration No. *****4906W) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 8 Marina View418 words
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Advertisement307 2013-03-19 17 CHINA MINING INTERNATIONAL LIMITED (F .K.A. SUNSHINE HOLDINGS LIMITED) (INCORPORATED IN CAYMAN ISLANDS) (COMPANY REGISTRATION NO. CT -*****5) IN THE GRAND COURT OF THE CAYMAN ISLANDS FINANCIAL SERVICES DIVISION CAUSE NO: FSD 6 OF 2013 IN THE MATTER of CHINA MINING INTERNATIONAL LIMITED AND in the matter of the Companies307 words
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Page 19 Advertisements
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Advertisement72 2013-03-19 19 »sfi» saS -i -I ss. m. OXLEY BIZHUB 1^7“** M RT. 1st Fir 1/1/-T J ai Se ng Easy ehse Neq investment dlns Good Sum ***** N S f BaM, 55 amp Workshop *JZ/ n r e KB5sf#02 T g m Just T °R 5% yield. Investor cholc^ 6^ INDUSTRIAL72 words
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AVIATION/SHIPPING
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Article, Illustration714 2013-03-19 21 It agrees to buy 234 A320s; this follows 2011 order for 230 B737s AFP [JAKARTA] Lion Air, a lit-tle-known carrier launched 13 years ago with just one plane, has struck two of the world’s largest aircraft orders in a staggering US$46 billionAFP; PHOTO: AFP - 714 words
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381 2013-03-19 21 Bloomberg [NEW DELHI] SpiceJet Ltd, the Indian discount carrier operating an all-Boeing Co fleet, said it may consider a full switch to Airbus SAS aircraft as it weighs options for a new generation of planes. “As long as you can manage the implications andBloomberg - 381 words
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Article233 2013-03-19 21 SGX '000 Mar 18 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.27 unch 47 Cosco Corp 0.90 -0.02 1790 Vol First Ship Lea 0.12 unch 2838 Freight Links 0.08 unch 2560 Grand Banks unch unch 0 Jaya Hold Ltd 0.69 -0.01 372 K1Ventures 0.18 unch 4461 Keppel233 words
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365 2013-03-19 21 Reuters [JAKARTA] Indonesia’s leading oil and gas shipper PT Berlian Laju Tanker reached a deal with creditors to restructure its US$1.9 billion debt, averting what could have been one of the country’s biggest bankruptcies in years. Once the world’s thirdlargest chemical shipper,Reuters - 365 words
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727 2013-03-19 21 Italy also picks UK’s budget carrier for Milan-Rome services Bloomberg [LONDON] easyJet plc’s inaugural flight to Moscow yesterday saw the UK discount carrier go head-to-head with British Airways (BA) as it targets a bigger share of Europe’s lucrative business-travel market. easyJet will serveBloomberg - 727 words
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Page 21 Advertisements
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Advertisement8 2013-03-19 21 To subscribe, call 6388-3838 or go to sphsubscription.com.sg8 words
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Page 21 Miscellaneous
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Miscellaneous308 2013-03-19 21 CRYPTIC CROSSWORD Across 7 Something to wear two times? (7) 8 Going without a bite after onset of fever(7) 10 Drew in less developed area of desolation (10) 11 Slow very nearly becomes fast (4) 12 Oppose working during cold weather feature (8) 14 Acquired rights, finally, on popular bars308 words
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EDITORIAL & OPINION
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518 2013-03-19 22 EDITORIAL THE term “Abenomics” has passed into common currency around the world since the eponymous Shinzo Abe became prime minister of Japan some three months ago. Yet relatively few people, outside or even inside Japan, know much about his wider ambitions for the country. Whether518 words
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Article, Illustration870 2013-03-19 22 YOGI AGGARWAL - THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT INDIA’S troubled aviation sector got a shot in the arm with a proposed joint venture between Tata Group and AirAsia to set up another airline. Recent870 words
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Article, Illustration1166 2013-03-19 22 CECILIA TORTAJADA, ASIT K BISWAS - Changing social attitudes towards water use and conservation is the most important one By CECILIA TORTAJADA ASIT K BISWAS Dr Cecilia Tortajada is the president of the Third World Centre for Water Management and past president of the International Water Resources Association. Prof AsitST FILE PHOTO - 1,166 words
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Article, Illustration1129 2013-03-19 23 JOSEPH CHERIAN - Being able to transact renminbi business right out of Republic burnishes its reputation as a global financial hub By JOSEPH CHERIAN The writer is practice professor of finance and director of the Centre for Asset Management Research and Investments at NUS Business SchoolPHOTO: REUTERS - 1,129 words
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Article, Illustration896 2013-03-19 23 PAUL KRUGMAN - PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 TEN years ago, America invaded Iraq; somehow, our political class decided that we should respond to a terroristPHOTO: AFP - 896 words
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Article1459 2013-03-19 24 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New1,459 words
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Page 24 Advertisements
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Advertisement83 2013-03-19 24 PLACE YOUR AD HERE The Business Times Shipping times CALL JOE WONG AT 9620 1327 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 1327 Can they find your services here in the Shipping Times? M The Business Times Shipping Times PLACE YOUR AD HERE The83 words
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SINGAPORE STOCKS
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Article2394 2013-03-19 25 Transaction date: Mar 18 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last --AAT 15 11.4 8Telecom Last Quote Div Gr Yld Net 11 6.9 AEM High 164 106 AIMSAMPIReit 157.5 -12,394 words
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Article182 2013-03-19 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller Cvr P/E Smil -2182 words
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Article10624 2013-03-19 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond 1.0049/ Asian Smaller Cos'" 2.02/ EM Local Ccy Bond 1.0116/ European Opportunities 1 1 1819/ Global Emerging Markets 1 Global10,624 words
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Article249 2013-03-19 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46.5 30 Genting HK US$ US46 unch 9349 46 45 45.5 46 3028.9 Last 260 181 TanChongInt HK250 -1 30 250 250 248 250 4.3 2.8249 words
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Article975 2013-03-19 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 119 20 119 119 118 119.5 543.2 136.8 120.4 CIMB APAC Div 100S$D 136.8 135.2 136.1 111.7 95.8 CIMB APAC975 words
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Page 25 Advertisements
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Advertisement9 2013-03-19 25 Q BREITLING 1884 CHRONOMAT TEL. +65 6732 6347 BREITI_ING.COM9 words
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FINANCE & COMMODITIES
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Article629 2013-03-19 27 Mar 18 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.44 *****.17 *****.63 Jun13 *****.00 *****.00 *****.00 *****.00 *****2 *****5 Sep13 *****.00 *****.00 *****.00 *****.00 2 156 MSCI TAIWAN INDEX FUTURES SPOT 283.80 283.80 280.70 Mar13 284.30 284.70 279.80 279.80 ***** *****8 Apr13 284.10629 words
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373 2013-03-19 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 15 Index Change Change Change Change Change Change World Preliminary 1031.5 0.1 9.9 0.3 10.4 0.4 8.0 EAFE Preliminary 860.6 0.1 11.1 0.7 9.2 0.8 6.8 Europe Preliminary 1245.0 -0.4 8.5373 words
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Article471 2013-03-19 27 Mar 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.062 6.442 0.802 8.045 56.212 100.643 0.982 11.554 3.247 1.257 101.726 42.202 1.296 9.560 0.978 30.836 30.643 0.687 1.037 Canada 0.942 6.069471 words
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Article66 2013-03-19 27 Mar 18 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid66 words
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Article136 2013-03-19 27 Mar 18 GOLD(US$/oz) Mar 18 Mar 15 Hong Kong 1610.50 1600.00 Mar 15 Mar 14 London 1592.85 1586.84 1593.65 1587.70 Source: Thomson Reuters CAST BAR Mar 18 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 145 64 5gm 410 322 10gm 733 643136 words
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Article92 2013-03-19 27 Mar 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 13-Jun-13 0.26 0.25 0.22 6-Month BS*****T 05-Sep-13 0.26 0.25 0.25 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-13 100.13 5-Year92 words
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Article59 2013-03-19 27 Mar 18 Mar 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 13 2400.0 2386.0 2402.0 2382.0 350 5124 May 13 2406.0 2386.0 2415.0 2383.0 6620 ***** Jun 13 2405.0 2385.0 2415.0 2383.0 ***** ***** Jul 1359 words
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Article148 2013-03-19 27 Mar 18 Awlnn Si A*jlml USS Curr«ncw* Cad S$/US% /O l/rtlf Of i Off*? Kiri Offar 1 Iff* I 1 •Ofccl OrtMdUn rlollftr 1JUC0 w /*mt 0«7f.l fiwro 1 dl*4 imw run TOM N/ ilulf.il 1. Pi'll i «tM 0KM4 ■STirtlnjj pound 1 URM t tf gift148 words
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Article121 2013-03-19 27 As at 9am Mar 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.326 1.263 Can dollar 1.250 1.191 Euro 1.651 1.573 Sterling pound 1.921 1.848 NZ dollar 1.063 1.003 US dollar 1.276 1.216 Local dollars to 100 units of foreign121 words
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Article159 2013-03-19 27 Mar 18 Mar 18 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.06 US$ 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 0.75159 words
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875 2013-03-19 27 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 6.5875 words
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Article108 2013-03-19 27 Mar 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1426.00 1435.50 1445.25 1422.50 Jul 13 1410.75 1416.00 1425.75 1407.25 Aug 13 1370.25 1375.75 1382.50 1366.00 Sep 13 1301.50 1301.50 1307.50 1295.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13108 words
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Article79 2013-03-19 27 Mar 15 COCOA (£/tonne) Close Prev High/Low May 13 1427 1441 1447/1426 Jul 13 1441 1454 1460/1440 Sep 13 1452 1465 1470/1451 Dec 13 1458 1470 1476/1457 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2159 2130 May 13 2192 2163 2199/2157 Jul 13 2194 2174 2199/2167 Sep 13 2190 217879 words
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Article73 2013-03-19 27 CRUDE OIL PRODUCTS Mar 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.88 1.01 WTI (Near Mth) 93.49 0.46 Dubai (1-Mth F) 105.55 1.38 Tapis blend 115.53 1.71 Minas 110.03 1.71 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.89 0.11 Jet Kerosene 123.73 0.18 US$/barrel OpecOil Basket73 words
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Article22 2013-03-19 27 Mar 18 S$ Bid Offer 1-month 1.2498 1.2501 2-months 1.2497 1.2501 3-months 1.2497 1.2501 6-months 1.2495 1.2504 Source: OCBC22 words
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Article65 2013-03-19 27 Mar 15 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1923.30 1938.85 3 months 1964.00 1979.00 Copper, Grade A(US$/tonne) Cash 7724.50 7775.25 3 months 7752.00 7800.00 Lead(US$/tonne) Cash 2201.25 2229.50 3 months 2222.00 2249.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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PROPERTY
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Article931 2013-03-19 28 French President Francois Hollande is withdrawing some government support for the housing industry Bloomberg [PARIS] Paris home prices, which have risen 37 per cent since 2009, are set to end their upward streak as French President Francois Hollande cuts property subsidies and raises taxes. Government supportBloomberg - 931 words
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Article, Illustration428 2013-03-19 28 Bloomberg [COPENHAGEN] Denm a r k s h ouse p r i ces dropped last quarter as the Nordic nation’s economy contracted the most since the height of the global financial crisis, driving property values down to 2005 levels. House prices sank 2.8Bloomberg; PHOTO: BLOOMBERG - 428 words
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503 2013-03-19 28 The firm benefited from focusing on first-tier cities Bloomberg [SHANGHAI] China Overseas Land Investment Ltd, the country’s biggest developer by market value listed in Hong Kong, said 2012 profit climbed 21 per cent on gains from property revaluations and the sales of stakesBloomberg - 503 words
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474 2013-03-19 29 Asking prices in the capital have surged more than £41,000 in the past year Bloomberg [LONDON] London home sellers raised asking prices this month as the weakness of the pound fuelled interest from overseas buyers during the spring selling season, according to RightmoveBloomberg - 474 words
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Article, Illustration763 2013-03-19 29 JAMES S RUSSELL - By JAMES S RUSSELL The writer writes on architecture for Muse, the arts and culture section of Bloomberg News. He is the author of ‘The Agile City’. The opinions expressed are his own Bloomberg [NEW YORK] Toyo Ito, an architect who usesBloomberg; PHOTO: AP - 763 words
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326 2013-03-19 29 Australia 108 will be a 388-metre-high apartment/hotel complex AFP [MELBOURNE] Australia’s sec-ond-largest city Melbourne could possibly have the tallest building in the southern hemisphere after approval yesterday for a new 388-metre apartment and hotel complex. The Victorian state government said Australia 108 wouldAFP - 326 words
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921 2013-03-19 30 MINDY TAN - Expected 15-20% hike in global investment activity likely to surpass US$1t will generate strong investor sentiment here Reports by MINDY TAN SINGAPORE can expect a significant uptick in property investment activity this year, on the back of an expected 15-20 per cent increase921 words
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565 2013-03-19 30 NORTH America is touted as a favoured destination for real estate investment this year, but even as foreign investors flock to the US, better returns may be had in the secondary market. A survey conducted by the Association of Foreign Investors in Real Estate565 words
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288 2013-03-19 30 JASMINE NG - By JASMINE NG SOME 500 of the 650 units released for sale at D’Nest, a 99-year leasehold condominium in Pasir Ris Grove, have been sold since its preview launch last Friday. The 912-unit project, jointly developed by City Developments (CDL), Hong Leong288 words
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303 2013-03-19 30 NATHANIEL CHEW - BY NATHANIEL CHEW LAM Soon Industrial Building, sitting on a freehold residential site in Hillview Avenue, has been relaunched for collective sale by Colliers International. The 10-storey building comprises 154 warehouses and light industrial factories. The site measures 230,915 sq ft and303 words
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Article, Illustration470 2013-03-19 30 Average new home prices across China climbed 2.1% in Feb Reu ters [BEIJING] China’s new home prices rose in February from a year ago for a second consecutive month, though gains are expected to ease after the government unveiled this monthReuters; PHOTO: REUTERS - 470 words
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Article, Illustration420 2013-03-19 30 GRACE NG - Greater China is Mapletree’s largest overseas market By GRACE NG MAPLETREE Investments yesterday celebrated the groundbreaking of its largest single investment in China to date. Worth about five billion yuan (S$1 billion), the Mapletree Minhang Development Project is meant to further Mapletree Investments420 words
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Page 28 Advertisements
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Advertisement291 2013-03-19 28 FOR LEASE BRAND-NEW, LIGHT INDUSTRIAL BUILDING AT ALJUNIED Walking distance to Raya Lebar MRT (East West Circle Lines) Easy access to PIE, AYE and KPE GTE Good infrastructure and amenities at Geylang East Central Access to workforce within a well-established industrial area 9,000 19,000 sq ft per floor approx. Heavy291 words
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Advertisement128 2013-03-19 28 Otf' ceS SG per P' per Regus Work your way 12 flexible office locations in Singapore Fully equipped and work-ready Terms to suit any size of business Opening soon in Orchard Wisma Atria Find out more about our fully equipped offices... (k* www.regus.com.sg 1 800 622 1563 Real value in128 words
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Advertisement104 2013-03-19 28 lit 6 iiil ■m The Mohamed Sultan Twins Double Conservation Shophouses with 5,000 sq ft land and potential 3.8 plot ratio A unique opportunity to redevelop a pair of adjacent commercial residential shophouses on Mohd Sultan. high ceilings, timeless heritage I 999 years, near Robertson Quay, UE Square, river t104 words
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Page 29 Advertisements
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Advertisement334 2013-03-19 29 COLLECTIVE SALE Lam Soon Industrial Building Hillvista Chantilly Rise Hillbrooks Glendale Park HILLVIEW RD <0 Hillview Heights Millington Green Century Mansions Little Guilin Lake Kewalram Hillview Natura Hillview Hillview Green Subject Site Symphony Heights Bukit Batok Nature Park The Hillside Huge freehold site: 21,452.7 sm (approx. 230,915 sq ft) Regular334 words
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Advertisement213 2013-03-19 29 PRIME SHOPS OFFICE SPACE OFF ORCHARD ROAD FOR SALE PLAZA THE ATRIUM thfpathav SINGAPURA ©ORCHARD mtLAIMAY ORCHARD ROAD I ISTANAPARK DHOBY GHAUT PARK MALL u VISIQNCREST RESIDENCE SINGAPORE SHOPPING CENTRE YWCA Extremely rare opportunity to acquire either half floor or whole floor of commercial space just off Orchard Road Prominent213 words
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