The Business Times, 26 March 2013

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Microfilm: NL32517
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, March 26, 2013
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  • Article
    Lock icon Barclays banker sacked, now under CAD probe
    685 1  -  NRI team member allegedly misused his clients’ funds By SIOW LI SEN [SINGAPORE] Barclays has sacked a senior private banker from its non-resi-dent Indian (NRI) team for alleged misuse of client money. The banker Jagdish Kale joined Barclays Wealth in early 2010 and
    685 words
  • Article, Illustration
    Lock icon Cyprus is bailed out but Europe still in jail
    700 1  -  Move to close bank and seize large deposits could have far-reaching ramifications By in [Vial-3;-I-lvmwlwl in London THE euro and European stock and bond markets rallied after a last minute rescue deal averted a potential Cypriot exit from the euro zone,
    PHOTO: AFP  -  700 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,267.48 (+8.91) GST INDEX FUTURES 3,267.00 (+8.00) GSIMSCI 370.89 (+1.66) GSIMSCI FUTURES 371.70 (+2.80) US$ S$ US$ (S$ per US$) 1.245 (US$/S$ per 1.523 1.896 EURO (US$/S$/€ 1.300 1.618 Foreign currency per US$ S$ YEN 94.60 76.00 RM 3.099 2.489 HK$ 7.763 6.237 BAHT 29.27 23.51 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,643.89 +17.00 NIKKEI 225 12,546.46 +207.93 HANG SENG 22,251.15 +135.85 SET INDEX 1,523.95 +44.98 JAKARTA COMP 4,777.90 +54.74 MANILA COMP 6,597.59 +78.88 SEOUL COMP 1,977.67 +28.96 SHENZHEN B 804.58 +1.79 MUMBAI IND 18,681.42 -54.18 12noon EDT Change DOW 14,463.42 -48.61 NASDAQ 3,236.44 -8.56
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA 6.55 INDONESIA 5.00 TAIWAN 13.382 TAIWAN 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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      214 1 PRODUCTIVITY MATTERS Collaboration is name of the game PAGE 13 SME Inc The enjoyment of learning PAGE 10 COMMENTARY Personal touch sets a leader apart PAGE 25 COMPANIES S’pore equity raising well placed in March PAGE 4 An issue of trust: The latest edition of Wealth looks into the evolution
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      1 1 *****4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      518 2 Cyprus bailed out but Europe still in jail THE euro and European stock and bond markets rallied after a last minute rescue deal averted a potential Cypriot exit from the eurozone, a financial meltdown, massive devaluation and hyper inflation. The big question, however, is whether the revival will
      518 words
    • Article, Illustration
      Lock icon Sing$ may stay strong amid inflation worries
      835 2  -  Highest inflation rate in Feb since last June with rise in MAS core inflation to 1.9% By TEH SHI NING [SINGAPORE] Inflation surged to a higher-than-ex-pected 4.9 per cent in February, making economists more certain that the central bank will keep to its
      Source: Department of Statistics  -  835 words
    • Article, Illustration
      Lock icon Property investment sales slide 39% in Q1
      899 2  -  By KALPANA RASHIWALA [SINGAPORE] Investment sales of property which refer to transactions of $10 million and above have fallen sharply this quarter from the high base in the preceding quarter, according to preliminary figures from CBRE and Savills provided separately to BT yesterday.
      Source: Savills Research & Consultancy  -  899 words
    • Article
      Lock icon Accused: Oral sex incident was immoral, not corrupt
      802 2  -  By GRACE LEONG [SINGAPORE] Former Singapore Civil Defence Force commissioner Peter Lim testified yesterday that he was shocked by the agency’s “poor state of readiness” to cope with the radiation screening mission at Changi airport following the Fukushima nuclear disaster on March
      802 words
    • Article, Illustration
      Lock icon Big Indian infrastructure projects hit red-tape
      804 3  -  Stuck projects worth over US$140b lead to dramatic economic slowdown By NEETA LAL in New Delhi BIG-TICKET infrastructure projects worth over US$140 billion are stuck in India due to the country’s labyrinthine land acquisition policies and government ministries working at cross-purposes, leading to a
      PHOTO: REUTERS  -  804 words
    • Article
      Lock icon Najib faces party revolt with poor GE showing
      719 3  -  Dr M: He must not underperform predecessor Badawi By in S JAYASANKARAN in Kuala Lumpur MALAYSIAN Prime Minister Najib Razak is likely to face a revolt from his party, the United Malays National Organisation (Umno), if he does not do at least
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      197 2 New Zealand Relocation and Investment Forum New Zealand cities consistently rank amongst the top cities in the world to live in, the easiest place in the world to start a business and the top ranked country for investor protection. There are now new opportunities for high net worth business people
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      126 3 rsIOlQOn MM so Professor Vijay Sethi Nanyang Business School Winner of the Business Professor of the Year Award, 2013 by The Economist Professor Vijay Sethi was recently named best business professor in a global competition by the Economist Intelligence Unit. He beat over 200 of the world’s leading professors with
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Singapore equity raising well placed in March
      899 4  -  SGX-listed follow-on equity deals have raised US$2.4b so far this year By KENNETH LIM SHARE placements are gaining favour again among Singapore-listed companies as improving sentiment makes it easier to tap equity capital markets, observers say. Singapore-listed companies priced about $599 million of
      899 words
    • Article
      Lock icon Copeinca looking for better offer to China Fishery’s bid
      546 7  -  CEO says China Fishery’s offer too low; sees value at US$950m-US$1.1b By ANDREA SOH CHINA Fishery Group’s takeover bid of Copeinca may now run into a seawall, even as it gave a statement yesterday on its plans post-acquisition. Its acquisition target
      546 words
    • Article, Illustration
      Lock icon APL launches first of 10 fuel-efficient container vessels
      396 7  -  By LYNN LYNN KAN APL, the container shipping arm of Neptune Orient Lines, has added the first of a series of 10 fuel-efficient mega-container vessels to its fleet in a move to make the company more cost-competitive. The APL Temasek was christened
      396 words
    • Article
      Lock icon Swissco diversifies into oil rig sector
      391 7  -  By CARINE LEE MARINE service provider Swissco Holdings Ltd has diversified its business model to move higher up the value chain and into the oil rig sector. The company has, through its wholly owned subsidiary Seawell Drilling Pte Ltd, incorporated a special purpose vehicle
      391 words
    • Article
      Lock icon MIIF appoints two new directors as one retires
      414 7  -  By LEE MEIXIAN MACQUARIE International Infrastructure Fund Limited (MIIF) yesterday appointed two independent directors, Philip Jackson and Alexander Ribaroff, to the board as one retired. The appointments and the retirement took immediate effect. Mr Jackson’s appointment after an “extensive search” conducted by
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    • COMPANY BRIEFS
      • Article
        Lock icon BBR bags $102.8m HDB contract to build flats
        59 7 BBR Holdings (S) has secured a $102.8 million contract from the Housing and Development Board (HDB) to build 755 flats in the Kallang Whampoa area. The contract is for building and contingency works for two 31-storey and two 32-storey HDB blocks, a
        59 words
      • Article
        Lock icon Yoma sets up JV firm YSH Finance Ltd
        71 7 YOMA Strategic Holdings has set up a new joint venture (JV) with First Myanmar Investment Co Ltd (FMI), a unit of Serge Pun Associates (Myanmar) Ltd which is held by Yoma executive chairman, Serge Pun. The JV company, YSH Finance Ltd, was
        71 words
      • Article
        Lock icon Tiong Seng unit wins contracts worth $223m
        61 7 CONSTRUCTION group and property developer Tiong Seng Holdings’ subsidiary, Tiong Seng Contractors (Pte) Ltd, has won two contracts worth $223.4 million comprising a $135.4 million project from SP Setia International (S) Pte Ltd for a condominium housing development and an $88 million project
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      • Article
        Lock icon 330 units at Fragrance Grp’s Urban Vista sold
        39 7 MAINBOARD-listed Fragrance Group’s Urban Vista project in Tanah Merah with World Class Land has sold 330 units out of the 400 units released in 10 days since the launch, it said.
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    • Article
      Lock icon Lian Beng gets $220m Bartley Ridge contract
      346 8  -  It will build 99-year condo with 868 units for Hong Leong joint venture By JASMINE NG LIAN Beng Group yesterday announced a new contract win worth $220 million for the construction of Bartley Ridge. The contract was awarded to its subsidiary, Lian Beng
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    • Article, Illustration
      Lock icon Hedge funds most bearish ever on copper, prefer gold
      785 8 Bloomberg [NEW YORK] Hedge funds are making the biggest bet against copper on record as global inventories expand to a nine-year high, while concern that Europe’s debt crisis will spread spurred the biggest gain in gold bets since 2008. Speculators raised
      Bloomberg; PHOTO: BLOOMBERG  -  785 words
    • Article
      Lock icon Stone Forest finds sales by unit of Vashion valid
      324 8  -  By ANDREA SOH SALES made by a subsidiary of Vashion Group suspected to be fraudulent have been cleared following a special review, with “no persuasive evidence” to prove that these were fictitious. In a statement released yesterday, Vashion Group said independent
      324 words
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      154 4 relax V^dll iiU, W. Wherever you find yourself, that unmistakable Pacific touch always exerts a calming influence. It’s the perfect answer to a busy day. As you gaze over the city, the warmth of the sunset reminds you of home. The Pacific’s like that. Amidst the vibrant diversity from coast
      154 words
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      301 4 Consensus Estimate Get a heads up on the stock market Consensus Esllmaws Overview Individual Company Estimates Consensus Estimates Consensus Roirt Consensus Recommendation Mean Target Price (SOD) 1,62 Overweight 5.072 op..* +0.562 Share prices of listed companies are affected by multiple factors such as the expected financial performance, potential growth and
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      232 5 PATEK PHILIPPE GENEVE Begin your own tradition. i? ST "Tj *Tj 2 c OQ 2T T3 Opd O >V O P i GN ft 4 “Ofcourse, the acoustics of all minute repeaters have to be tested. In ourfamily-owned watch company, the President does it!’ Every Patek Philippe wristwatch with a
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Late Cyprus deal brings some cheer
      592 6  -  ST Index closes 8.9 points up but 11 points off intraday high; penny stocks in play STOCKS R SIVANITHY Senior Correspondent NEWS of a last-gasp bailout for Cyprus’ banks yesterday helped push the Straits Times Index up 8.91 points to 3,267.48. However, it ended
      Source: Bloomberg  -  592 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Mar 25 VALUE CLOSE BT OB/OS 382.00 +281.00 BT CADI -*****.00 +121.00 BT 10-day MA -*****.00 +38.00 FTSE ST Mid Cap 815.29 +1.36 FTSE ST Small Cap 571.98 +2.18 FTSE ST All Share 806.54 +2.11 FTSE ST China Top 220.33 +0.71 FTSE ST China 247.99 +0.74 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME WE Hldgs 670,764,000 Metech Int 301,934,000 Contel 283,219,000 Armarda 265,788,000 Magnus 228,460,000 Sitra 223,787,000 IPCO Intl 152,842,000 SingHaiyi 152,088,000 MDR 150,643,000 AdvanceSCT 142,601,000 VALUE($) WE Hldgs 75,756,450 Keppel Corp 72,452,593 SingTel 72,115,040 DBS Grp 62,708,135 UOB 44,855,994 ZhongminBH 34,891,580 Golden Agri 32,876,245 OCBC Bk 26,029,640 GLP
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 2 0 0 0 6 5 2 Manufacturing 71 34 37 12 5 10 83 39 47 Commerce 26 19 14 9 2 2 35 21 16 Tpt/Stor/Comms 16 9 15
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 87,426 87,426 109,245 109,245 Manufacturing 896,897 465,166 1,362,063 140,463 18,057 158,519 Commerce 349,674 967,752 1,317,426 83,523 136,115 219,638 Tpt/Stor/Comms 92,884 16,482 109,366 145,879 6,179 152,058 Finance 119,662 324 119,986 162,946 138 163,084 Construction 269,922 75,570
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      852 6  -  Compiled by JOYCE HOOI CapitaMall Trust March 25 close: $2.09 Maybank Kim Eng Research, March 25 CAPITAMALL Trust (CMT) has used the bulk of the $250 million raised via a private placement last November to partially finance the redemption of the $300 million, two-year retail bonds which matured
      Source: Bloomberg  -  852 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      108 6 Stock name Close Change CapMallsAsia 2.100 +0.010 CapitaLand 3.520 +0.010 CapitaMall 2.090 -0.010 CityDev 11.050 +0.030 ComfortDelGro 1.920 DBS Grp 15.670 +0.130 F&N 9.440 GLP 2.620 Genting SP 1.455 Golden Agri 0.590 +0.010 HK Land 7.120 +0.020 JMH 63.770 -0.300 JSH 39.620 -0.190 Jardine C&C 51.050
      108 words
    • Article, Illustration
      Lock icon Won leads Asian units’ gains; S$ up
      481 6 CURRENCIES Reuters [SINGAPORE] The South Korean won and the Malaysian ringgit led solid gains among emerging Asian currencies yesterday as a Cyprus deal with international lenders for a bailout boosted appetites for risky assets. The won saw its best daily gain in nearly
      Reuters; PHOTO: AFP  -  481 words
    • Article
      Lock icon RISES
      111 6 BY CENTS CLOSE UP Lyxor Indonesia10US$ ***** 489.0 4.0 DBXT MSKorea 10US$ 5840 182.9 2.6 DBXT MSJAP 10US$ 4159 68.4 1.3 DBXT MSTHAI 10US$ 2217 61.0 2.3 DBXT Nifty 10US$ ***** 59.7 0.4 DBXT MSAsExJp 10US$ 3291 51.0 1.3 Pru 500US$ 1540 49.8 2.7 DairyFarm 1215 31.1 2.1 DBS
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    • Article
      Lock icon FALLS
      119 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -97.1 -0.5 Jardine C&C 5105 -51.0 -1.0 DBXT S&P Short 10US$ 3170 -48.5 -1.2 JMH 6377 -37.3 -0.5 JSH 3962 -23.6 -0.5 Lyxor AsiaRE 10US$ 1029 -23.6 -1.8 DBXT MSINDO 10us$ 1650 -18.7 -0.9 OUE 305 -7.0 -2.2 IS ASIA HYG100US$ 1112
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      494 7 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 Hotel
      494 words
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      1468 8 Scotiabank THE BANK OF NOVA SCOTIA (Incorporated in Canada with Limited Liability) Note: All figures quoted in Canadian dollars (millions) except per share amounts CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at October 31 Assets Cash and deposits with banks ipos (a Is Precious met Trading assets Securities Loans Other Financial
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon $30m set aside to run SME Centres
      633 9  -  Integrated one-stop SME Centres will beef up assistance for SMEs By WEE LE TING ABOUT $30 million has been set aside by the government to run SME Centres over three years, from April 2013 to March 2016. Current Enterprise Development Centres (EDCs) will
      633 words
    • Article
      Lock icon Tuas Power net profit down 18.7% at 1b yuan
      485 9  -  Market share also dips, due to power oversupply By RONNIE LIM THE oversupply in Singapore’s electricity market from new plantings has started to bite into gencos’ earnings. China Huaneng, China’s biggest power player, reported that the net profit of its subsidiary
      485 words
    • Article, Illustration
      Lock icon Ex-Hitachi president, an honorary Singapore citizen, dies at 84
      208 9 HITACHI Ltd yesterday mourned the passing of Tsutomu Kanai, a former president of the company and 2006 Honorary Citizen awardee of Singapore, who died on March 19. He was 84. Dr Kanai joined Hitachi after completing his degree at the University
      208 words
    • Article
      Lock icon Grants for firms’ pro-family initiatives
      458 9  -  By LEE U-WEN COMPANIES here will soon get a leg up from the government in the form of a three-year, $4 million grant to help them create a more family-friendly environment. From Apr 1 this year, firms can tap on the new FamilyMatters@Business grant, launched
      458 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon R&D into green building technology
        159 9 THE Ministry of National Development (MND) yesterday launched an R&D collaboration programme on green building technologies with the Sino-Singapore Tianjin Eco-City Administrative Committee (ECAC). Under the programme, each agency will put aside up to $2 million annually for three years to fund research projects relating
        159 words
      • Article
        Lock icon Acra seeks public feedback on new tool
        126 9 THE Accounting and Corporate Regulatory Authority (Acra) is seeking feedback on a new preparation tool being developed for companies to prepare their corporate financial statements in XBRL (extensible Business Reporting Language) format. The tool will be freely available to all companies required to
        126 words
    • Article
      Lock icon Changi Airport traffic up 9.2% in February
      335 9  -  By LEE MEIXIAN DRIVEN by travel during the Chinese New Year holidays last month, passenger movements at Singapore’s Changi Airport jumped 9.2 per cent year-on-year to 4.12 million. Air-traffic movements grew 4.2 per cent to 25,900 flights. A lower traffic base in February
      335 words
    • Article
      Lock icon Index shows contrasting investor sentiment in Asia
      468 9  -  Emerging markets’ optimism not seen in developed sectors By MA XIANGYU MANULIFE launched its Investor Sentiment Index in Asia (Manulife ISI) yesterday. Data from the inaugural edition reveals, among other things, general investment confidence in Asian markets and pessimism among Singapore investors with
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  • SME Inc
    • Article, Illustration
      Lock icon Students take stage at Tanglewood
      1046 10  -  The music school eschews hot-housing practices and emphasises inculcating an appreciation for music, reportsANNA ANNA LEE PERFORMANCE is key at Tanglewood Music School, which uses only Steinway pianos. Its founder and CEO, Wilson Goh, also boasts a collection of more than 30 antique instruments. “The
      PHOTO: ARTHUR LEE  -  1,046 words
    • EMERGING ENTERPRISE
      • Article, Illustration
        Lock icon Each life cycle stage presents new challenges
        1235 11  -  A network of trusted advisers will help a firm navigate obstacles. NISHA RAMCHANDANI reports RAMCHANDANIreports NISHA RAMCHANDANIreports A company faces different sets of challenges throughout each stage of its life cycle but having a network of trusted advisers it can rely on will
        FILE PHOTO; PHOTO: YEN MENG JIIN  -  1,235 words
    • Article, Illustration
      Lock icon Eurozone crisis a blessing in disguise
      1143 12  -  THE VIEW FROM NTU PROFESSORS By SIRIWAN CHUTIKAMOLTHAM The writer is a senior teaching fellow and director of the undergraduate banking and finance programme at the Nanyang Business School in the Nanyang Technological University EUROPE’S sovereign debt problems have brought about slower economic growth
      PHOTO: BLOOMBERG  -  1,143 words
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      38 10 HUT fM W- 3 THE SCRPT 29 March 2013,8:00PM, Singapore Indoor Stadium Tune in to HOT FM91.3 or log on to www.hotfm.sg for more details! Midas Promotions www.midaspromotions.com r r L i WWW.HOTFM.SG I D FACEBOOK.COM/HOTFMSG I HOTFMSG
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      8 10 www.omy.sg a «SrUi fiffiQR Code 7 blog.omy.sg/use-mandarin S
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      64 10 R 0 P E R T Y s«SP m shop hse R ggg 3'/,-sro R£ y 09 sHopHsTTiTTr frontal, stperb hse. FH 2 S nn> AT,0W SHOP 3 6 sty 2 c omm 0 Pl0t Ratio at $V50 p pr mmerc '3l. Sale GREAl LOCATION! Check this and many other
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      614 10 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 with
      614 words
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      158 11 The Emerging Enterprise 2013 Award is open for nominations Over S$1.4 million worth of prizes to be won. Apply now before 8 May 2013. For a copy of the application form, email enterprise-banking@ocbc.com or leeyyd@sph.com.sg Terms and conditions apply. Jointly Presented by: Official Auditor: Supported by: Innovation Partner: Preferred Payment
      158 words
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      180 12 www.stjobs.sg r L. Hire Mr Right. Download our Apps: 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
      180 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Collaboration is name of the game
      1127 13  -  With a revamp on the way, increasing productivity is key for SCAS, SOCIAL SERVICES reportsGRACE GRACE NG FROM April onwards, the Spastic Children’s Association of Singapore (SCAS) will go by a new name. But in order to carry out the revamp this entails, SCAS
      PHOTO: YEN MENG JIIN  -  1,127 words
    • Article, Illustration
      Lock icon Video conferencing brings social work closer
      1050 13  -  Thye Hua Kwan Moral Society leads the way in social work innovation By BENJAMIN AW SOCIAL worker Sharon Wong’s work includes not only two to four routine visits to each of her elderly clients every month, but also non-routine visits whenever she notices something
      PHOTO: BENJAMIN AW  -  1,050 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Jakarta wrestles with fuel subsidy costs
      472 14 Yudhoyono likely to announce new measures curbing use of cheap fuel Reu ters [JAKARTA] Scraping out a living on US$5 a day, taxi driver Sukarjo fears losing what many poor Indonesians see as the main economic help that they get from their government: a
      Reuters  -  472 words
    • Article
      Lock icon CIMB dividend scheme gets OK
      153 14 Reuters [KUALA LUMPUR] CIMB Group Holdings Bhd, South-east Asia’s fifth-largest lender by assets, said it had received approval from Malaysia’s central bank for a dividend reinvestment scheme (DRS) aimed at strengthening its capital position. The scheme will provide shareholders the option of reinvesting their cash
      Reuters  -  153 words
    • Article, Illustration
      Lock icon Indonesia’s finance chief: need for reciprocity with foreign banks
      331 14 Comments seen as reference to DBS’s bid for Danamon Reuters [JAKARTA] Indonesian Finance Minister Agus Martowardojo has repeated his view on the need for reciprocity in dealing with the issue of foreign bank licenses. Though he made no direct comment on
      Reuters; PHOTO: REUTERS  -  331 words
    • Article
      Lock icon Malaysia to relocate Borneo villagers after siege
      295 14 AP [KUALA LUMPUR] Malaysia has announced plans to relocate villagers in parts of Borneo vulnerable to intruders from the southern Philippines. The plan underscores a surge in fears about public safety following an armed intrusion by a Philippine clan last month that has
      AP  -  295 words
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      2087 14 FUJIAN ZHENYUN PLASTICS INDUSTRY CO., LTD (Incorporated in the People’s Republic of China) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at 382 Havelock Road, Riverview Hotel, Orchid Room, Singapore *****9, on Friday 10 May 2013 at 10.00
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China to buy Russian fighter jets, submarines
      390 15 They are expected to cooperate further in developing military technology AFP [BEIJING] China has agreed to buy two dozen fighter jets and four submarines from Russia, the country’s first large-scale weapons technology purchases from Moscow in a decade. The agreement to buy the
      AFP; PHOTO: AP  -  390 words
    • Article
      Lock icon HK court rejects landmark case to grant foreign maids residency rights
      456 15 AFP [HONG KONG] Hong Kong’s top court has thrown out a landmark case that would have given hundreds of thousands of foreign maids the right to seek permanent residency, ending a legal battle that split the city. In rejecting
      AFP  -  456 words
    • Article
      Lock icon Shanghai sees end of swine flow
      281 15 AFP [SHANGHAI] Shanghai said that the end of an embarrassing pollution case which saw dead pigs floating down the city’s main river was in sight, with the total number recovered now standing at more than 16,000. “The city’s water territory has already basically finished
      AFP  -  281 words
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      2112 15 Trust (Constituted in the Republic of Singapore pursuant to a trust deed dated 6 February 2004 (as amended)) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM") of the holders of units of CapitaCommercial Trust (“CCT", and the holders of units of CCT, "Unitholders")
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China agencies make US$5t from land sales
      202 16 State economist cites urbanisation campaign over the past decades AFP [BEIJING] The Chinese authorities have earned almost US$5 trillion in profit by selling land obtained from farmers to developers over the years, a top economist said, according to state media. As the country
      AFP  -  202 words
    • Article, Illustration
      Lock icon India easing not likely to boost foreign inflows
      479 16 Withholding tax still deters even as curbs on debt purchases by foreigners eased Reuters [MUMBAI] India’s move to ease restrictions for foreign investors in domestic debt markets is unlikely to significantly boost capital inflows unless the government also cuts withholding taxes, a
      Reuters; PHOTO: BLOOMBERG  -  479 words
    • Article
      Lock icon India to unveil shale gas policy in 2 weeks
      388 16 It may also consider raising gas prices to spur investment Reuters [NEW DELHI] India plans to unveil its shale gas policy within the next two weeks as it seeks to exploit unconventional resources to fuel its expanding economy and cut subsidies,
      Reuters  -  388 words
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      2318 16 TSIT WING INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Tsit Wing International Holdings Limited (“the Company”) will be held at Panorama 4, Level 24, Hilton Singapore, 581 Orchard Road, Singapore *****3 on Thursday,
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      24 16 V FIND THE ONES h THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email v/ recruit@sph.com.sg to advertise.
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Marriott’s shift shows not all IT jobs are secure
      789 17 Hotel group to trim jobs, move functions to outside specialist firms like IBM, Xerox WP [WASHINGTON] Marriott International has never been more reliant on technology. Like others in the hospitality industry, the Bethesda, Maryland-based hotelier depends on technology for everything from
      WP; AFP FILE PHOTO  -  789 words
    • Article, Illustration
      Lock icon South Korea fund to provide debt relief for households
      326 17 This was one of President Park’s campaign promises AP [SEOUL] South Korea’s government said yesterday it will launch a US$1.35 billion fund this week to provide debt relief for more than half a million people unable to repay loans. The fund
      AP; PHOTO: AP  -  326 words
    • Article
      Lock icon IMF draft report cuts US growth forecast
      352 17 The next round of forecasts for 2013 is due to be published in mid-April Reuters [MILAN] The International Monetary Fund (IMF) is planning to cut its US growth forecast for this year due to higher taxes and spending cuts, Italian news agency ANSA
      Reuters  -  352 words
  • Page 17 Advertisements
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      1941 17 CEDAR STRATEGIC HOLDINGS LTD. (Co Registra~on No: *****3839Z) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING To All Shareholders NOTICE IS HEREBY GIVEN that the Annual General Mee~ng of the shareholders (“Shareholders”) of CEDAR STRATEGIC HOLDINGS LTD. (the “Company”) will be held at No. 1 Kallang Way
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  • WORLD
    • Article, Illustration
      Lock icon Japan and EU agree to start free trade negotiations
      576 18 Both sides decide to hold first meeting next month but place not decided AP [TOKYO] Japan and the European Union (EU) agreed yesterday to start negotiations for a free trade pact encompassing nations that account for nearly a third of the
      AP; PHOTO: AFP  -  576 words
    • Article
      Lock icon SEC approves Nasdaq’s US$62m settlement for Facebook IPO
      336 18 Bloomberg [NEW YORK] The Securities and Exchange Commission (SEC) approved Nasdaq OMX Group Inc’s plan to pay brokerages US$62 million in compensation for mishandling Facebook Inc’s initial public offering (IPO) in May. The SEC cleared Nasdaq’s proposed rule change to provide more
      Bloomberg  -  336 words
    • Article
      Lock icon UK clamps down on benefits for foreigners
      530 18 Bloomberg [LONDON] UK Prime Minister David Cameron announced plans to curb access to welfare, housing, and free health care for non-Britons, as political parties jostle to persuade voters they understand concerns over mass immigration. Mr Cameron set out measures yesterday to restrict the
      Bloomberg  -  530 words
    • Article
      Lock icon TNT to axe 4,000 jobs over next three years
      587 18 It will also introduce a new management structure AFP [THE HAGUE] Dutch post and courier company TNT Express said yesterday it would shed around 4,000 jobs over the next three years as it restructures after the failure of a takeover bid
      AFP  -  587 words
    • Article, Illustration
      Lock icon French ‘boss of bosses’ battles rulebook to lead reform drive
      608 18 Reu ters [PARIS] From her office across the lawns of the Champs de Mars from the Eiffel Tower, employers’ federation boss Laurence Parisot is fighting the rulebook to stay on the frontline of France’s battle for economic reform. As head
      Reuters  -  608 words
    • Article, Illustration
      Lock icon Banks urged to peg bonuses to profitability
      752 19 Fed hopes changing pay practices will reduce possibility of future crises Reuters [NEW YORK] The Federal Reserve is pushing banks to ignore competitors’ performance when awarding bonuses, and focus squarely on their own profitability, according to pay consultants and other people familiar with
      Reuters; PHOTO: BLOOMBERG  -  752 words
    • Article
      Lock icon Wall Street bonuses projected to rise 15% in 2013
      438 19 CEOs forecast to receive pay packages of US$12m to US$25m Reuters [NEW YORK] Bonuses at Wall Street firms will rise 15 per cent this year despite ongoing pressure from investors, regulators and politicians about compensation levels, according to compen-sation-consulting firm Johnson
      Reuters  -  438 words
    • Article
      Lock icon Industry veteran named Aussie resources minister
      406 19 Reuters [CANBERRA] Australia’s Prime Minister Julia Gillard yesterday appointed Gary Gray, a former adviser to the country’s largest oil and gas firm Woodside Petroleum, as resources minister in a cabinet reshuffle forced by a string of ministerial resignations. Mr Gray is a senior Labor
      Reuters  -  406 words
    • Article, Illustration
      Lock icon Compromise on cross-border trade rules: SEC
      608 20 US regulator wants largely foreign rules to apply for OTC derivatives trades Reuters [WASHINGTON] The top US securities regulator is urging international market regulators to find a compromise as they struggle to agree on how to apply new rules for cross border over-the-counter derivatives
      Reuters; PHOTO: BLOOMBERG  -  608 words
    • Article
      Lock icon Switzerland denies banking deal with US
      536 20 Reuters [ZURICH] The Swiss government on Sunday denied a newspaper report that the country had reached a deal in principle with the United States over undeclared funds hidden by wealthy Americans in Swiss offshore bank accounts. “There is no agreed framework. The negotiations for
      Reuters  -  536 words
    • Article, Illustration
      Lock icon Affluent Norway risks going off course
      995 20 Re uters [OSLO] Middle East-style oil wealth combined with a generous Nordic welfare model is slowly throttling big chunks of Norway’s economy, threatening western Europe’s biggest success story. On the surface, Norway is the envy of the world: growth is strong, per capita GDP
      Reuters; PHOTO: BLOOMBERG  -  995 words
    • Article
      Lock icon Sweden may set bank capital requirements for Nordic region
      782 20 Norway proposes raising reserve levels to match Bloomberg [STOCKHOLM] Swedish bank capital requirements, among the world’s strictest, may now be setting the minimum standard for regulators across the Nordic region. Norway proposed raising reserve requirements last week to match levels in
      Bloomberg  -  782 words
    • Article
      Lock icon Schroders agrees to buy Cazenove for £424m
      169 20 Bloomberg [LONDON] Schroders plc, Europe’s biggest publicly traded money manager, agreed to buy Cazenove Capital Holdings Ltd for £424 million (S$802 million) to expand its pri-vate-banking operations. Schroders will pay 135 pence a share in cash for C a ze n o v
      Bloomberg  -  169 words
    • Article, Illustration
      Lock icon US not in danger of immediate debt crisis
      867 21 Record demand for Treasuries has helped the US finance a debt load as high as US$16.7t Bloomberg [NEW YORK] The bear market in bonds is being delayed by Americans socking away money at 50 times the rate at which they take on
      Bloomberg  -  867 words
    • Article
      Lock icon BofA CEO to hold stocks for a year after he retires
      658 21 Reuters [BOSTON] Bank of America Corp chief executive Brian Moynihan will need to hold shares likely worth millions of dollars for at least a year after he retires, under a new compensation policy that the bank instituted following investor
      Reuters  -  658 words
    • Article, Illustration
      Lock icon Interest returns to Japan-focused hedge funds
      756 22 BOJ’s monetary easing weakened the yen and boosted stocks Bloomberg [TOKYO] The rally in Japanese stocks since new Prime Minister Shinzo Abe pledged to jump start growth is starting to stir investor interest in hedge funds that invest in Asia’s second-largest economy. Japanese hedge
      Bloomberg; PHOTO: AFP  -  756 words
    • Article
      Lock icon Foreign businesses in Cyprus grind to a standstill
      1113 22 NYT [LIMASSOL, Cyprus] It is not just about rich Russians and Cypriot retirees. Also vitally at stake in this island country’s banking crisis is Cyprus’s credibility as a place for international companies to continue doing business. Take Avid Life Media, the Canadian-owned
      NYT  -  1,113 words
    • Article, Illustration
      Lock icon No sign of fallout in Spain over Cyprus crisis: minister
      567 22 Re uters [MADRID] The crisis in Cyprus has not prompted any flight of bank-de-posits from Spain, the country’s economy minister said in an interview on Sunday. Luis de Guindos said that the problems facing the island were exceptional and unique.
      Reuters; PHOTO: BLOOMBERG  -  567 words
    • Article
      Lock icon Foreign ownership of Japanese bonds fall from record high
      355 22 Overseas investors hold back purchases as yen slides Reuters [TOKYO] Foreign ownership of outstanding Japanese government bonds at the end of December fell from September’s record, Bank of Japan (BOJ) data showed yesterday, suggesting that overseas investors may be hesitant to
      Reuters  -  355 words
    • Article
      Lock icon ANZ vying with HSBC in structured products offerings in Vietnam
      351 22 Bloomberg [HONG KONG] Australia New Zealand Banking Group is boosting offerings of structured products in Vietnam, as it competes with HSBC Holdings to lure the nation’s growing population of affluent individuals. ANZ is preparing to introduce deposits linked to overseas
      Bloomberg  -  351 words
  • Page 18 Advertisements
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      508 18 LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares ComfortDelGro *****81 Bhagwan G Mahtani 500 CorporationLimited -do-*****74 -do-500 SBS Transit Ltd *****16 -do-500 NOTICE IS HEREBY GIVEN that if within fourteen (14) days from
      508 words
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  • Page 19 Advertisements
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      64 19 Don’t miss out on this Golden Opportunity! Capitalize on London’s Property market conditions. Choice of Investments in our current range of Residential and Commercial projects available. Projects Primed to Benefit from Capital Appreciation, Rental Yield and Potential Forex Gain. To learn more, visit our website or contact us now! CPE
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      Lock icon Page 19 Advertisements Column 2
      883 19 VICOM LTD (Incorporated in the Republic of Singapore) (Co. Reg. No.: *****0320K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Second Annual General Meeting of the Company will be held at the Auditorium, ComfortDelGro Headquarters, 205 Braddell Road, Singapore *****1 on Wednesday, 24 April 2013 at 10.00
      883 words
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  • Page 21 Advertisements
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      103 21 THE INDIA BUDGET 2013 ANALYSED FOR ASIA PACIFIC. EXCLUSIVE BROADCAST ON 27 th MARCH AT 21:00 SGT YES BANK THE INDIAN BUDGET 2013 Powered by ,.*t India's No.1 news channel, TIMES NOW held a panel discussion where leading analysts, economists and journalists came together to analyse and debate I at
      103 words
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      Lock icon Page 21 Advertisements Column 2
      1807 21 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices KOON HOLDINGS LIMITED (Company Registration No. *****3284M) (ARBN 105 734 709) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of the Company will be held at 48 Boon Lay Way, Singapore *****1, The Chevrons, Violet
      1,807 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon DP World eyes expansion in Latin America and Africa
      425 23 It will shuffle assets in favour of fast-growing emerging markets Bloomberg [LONDON] DP World Ltd, the world’s third-largest port operator, wants to expand in Latin America and Africa as the cost of investment in the US remains high, the Dubai-based company’s
      Bloomberg; PHOTO: BLOOMBERG  -  425 words
    • Article
      Lock icon AirAsia to offer some free seats for India launch
      948 23 Bold entry may hurt industry that has lost US$6.6b in 5 yrs Bloomberg [NEW DELHI] AirAsia Bhd, the region’s biggest budget carrier, is considering offering some seats for free when it starts flying in India, a company official said. The operator
      Bloomberg  -  948 words
    • Article, Illustration
      Lock icon EasyJet starts Rome-Milan business route
      527 23 Bloomberg [LONDON] Alitalia SpA’s monopoly over flights linking Rome Fiumicino and Milan Linate airports is due to end yesterday as discount operator EasyJet plc commences services between Italy’s capital city and its biggest financial centre. Europe’s second-largest low-cost carrier will offer five daily services with
      Bloomberg; PHOTO: REUTERS  -  527 words
    • Article
      Lock icon FAA under pressure over portable electronics on planes
      580 23  -  By NICK BILTON NYT [NEW YORK] If you’re sitting on a plane at the gate and reading this column on an electronic gadget, you’re about to hear eight dreaded words: “Please power down your electronic devices for takeoff.” But this time next
      NYT  -  580 words
    • Article
      Lock icon TRANSPORT STOCKS
      240 23 SGX '000 Mar 25 S$ +/-Vol CH Offshore 0.48 unch 42 Chuan Hup Hldg 0.27 unch 380 Cosco Corp 0.91 unch 1931 s$ Ezra Hldgs 1.12 unch 1792 First Ship Lea 0.13 unch 909 Freight Links 0 48 Grand Banks unch unch 0 Jaya Hold Ltd Chuan Hup
      240 words
  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      29 23 China's First Lady gives Chinese fashion shares aboost mm fashion shares a boost To subscribe, call 6388-3838 or go to sphsubscription.com.sg To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      29 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      327 23 CRYPTIC CROSSWORD Across 4 Something that moves one’s spirit? (3,5) 8 Sort of pressure exerted by broadcasting address (6) 9 Hamlet’s liver? (8) 10 Cartridge for printed part of Sunday paper (8) 11 Expecting King George to have keen following (6) 12 No idea, but left in without snooker equipment
      327 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Asian conglomerates are here to stay
      479 24 EDITORIAL CONGLOMERATES may not have been in vogue in the developed world for some time now but in Asia, where the economies are coming into their own, conglomerates are extending their tentacles into an ever growing number of businesses. Recent research by McKinsey Co
      479 words
    • Article, Illustration
      Lock icon Osborne sees faces of failed chancellors in mirror
      747 24  -  THE BOTTOM LINE NEIL BEHRMANN London Correspondent FEARFUL of losing the election in two years’ time, British Chancellor of the Exchequer George Osborne has decided to ignore history. He has chosen to disregard the follies of former chancellors, Anthony Barber, Nigel Lawson
      747 words
    • Article, Illustration
      Lock icon Major ‘strategic pivot’ activity ahead in Asia
      1104 24  -  Like Obama’s new team, incoming Chinese leadership sees Asia as main focus of policymaking 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
      PHOTO: AFP  -  1,104 words
    • Article, Illustration
      Lock icon Personal touch sets a leader apart
      1353 25  -  Global leaders need to establish empathetic relationships with people from all backgrounds in their company By STEWART BLACK, ALLEN MORRISON Stewart Black is Professor of Global Leadership and Strategy at IMD. Allen Morrison is Professor of Global Management and the holder of the Kristian
      PHOTO: AP  -  1,353 words
    • Article, Illustration
      Lock icon Time for govts to limit hot money flows
      860 25  -  PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT WHATEVER the final outcome in the Cyprus crisis we know it’s going to be ugly; we just
      NYT  -  860 words
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  • Article
    Lock icon SHIPPING TIMES
    1508 26 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
    1,508 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      91 26 PLACE YOUR AD HERE The Business Times Shipping times CALL JOE WONG AT 9620 1327 Shipping lines I Can they seeking reliable I find your Igqistittpartners! “the I Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times MIL UUJIHUJ IIIVILJ Shipping times PLACE YOUR AD HERE
      91 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2947 27 Transaction date: Mar 25 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 15 11.4 8Telecom Day 98 59 ABR Hldgs 67 unch 299 67 67 65.5 67 1.2 46.3 1.7 134.6
      2,947 words
    • Article
      Lock icon SGX CATALIST
      198 28 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 4.6 1.3 t Advanced System 1.9 unch 685 1.9 1.9 1.9 2 28.3 Last Quote Div Gr Yld Net M Cap High
      198 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10656 28 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 American Opp 0.8191/ Asian Smaller Cos'** 1 9976/ EM Local Ccy Bond 1 004V European Opportunities 1 1 1643/ Global Emerging Markets!** Global Opportunities/'’ .1
      10,656 words
    • Article
      Lock icon GLOBALQUOTE
      262 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A38 unch 3 38 38 38 41 3.6 9.2 3 99 46.5 30 Genting HK US$ US45 -0.5 6633 45.5 45 44.5 45 2963
      262 words
    • Article
      Lock icon SGX ETF
      961 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118.1 -0.4 34 118.4 118.1 118.2 118.7 539.1 136.8 120.4 CIMB APAC Div 100S$D 136.1 136.3 137.2 111.7 95.8 CIMB
      961 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      623 29 Mar 25 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.61 *****.36 *****.42 Jun13 *****.00 *****.00 *****.00 *****.00 *****1 *****1 Sep13 *****.00 *****.00 *****.00 *****.00 170 1636 MSCI TAIWAN INDEX FUTURES SPOT 280.53 282.86 280.53 Mar13 279.00 282.70 278.60 282.10 ***** *****7 Apr13 278.80
      623 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr Mar 22 Index Change Change Change Change Change Change World Preliminary 1020.8 0.1 8.8 0.3 9.3 0.3 6.9 EAFE Preliminary 846.3 -0.4 9.3 0.0 7.5 0.0 5.2 Europe Preliminary 1225.3 -0.1 6.8
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 29 Mar 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.070 6.495 0.805 8.119 56.608 101.803 0.990 11.621 3.241 1.253 102.781 42.697 1.302 9.689 0.983 31.231 30.607 0.687 1.046 Canada 0.935 6.070
      471 words
    • Article
      Lock icon SIBOR
      67 29 Mar 25 (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$) 3 mths 0.***** 3 mths 6 mths 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP
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    • Article
      Lock icon PRECIOUS METALS
      134 29 Mar 25 GOLD(US$/oz) Mar 22 Mar 25 Hong Kong 1619.80 1613.30 Mar 21 Mar 22 London 1613.61 1608.00 1614.38 1608.75 Source: Thomson Reuters CAST BAR Mar 25 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 144 64 5gm 410 321 10gm 732 642
      134 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 29 Mar 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 27-Jun-13 0.25 6-Month BS*****T 19-Sep-13 0.26 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-13 100.09 5-Year N*****0Z 2.375 01-Apr-17 108.09
      86 words
    • Article
      Lock icon PALM OIL
      57 29 Mar 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 13 2456.0 2428.0 2456.0 2425.0 418 2811 May 13 2485.0 2455.0 2496.0 2453.0 5188 ***** Jun 13 2496.0 2462.0 2505.0 2459.0 ***** ***** Jul 13 2495.0 2464.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 29 Mar 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3009 1.3026 1.0456 1.0461 Canadian dollar 1.2158 1.2174 0.9777 0.9771 Euro 1.6167 1.6185 1.2994 1.2998 NZ dollar 1.0383 1.0397 0.8345 0.8350 Sterling pound 1.8949 1.8968 1.5230 1.5233
      155 words
    • Article
      Lock icon CHICAGO BOT
      107 29 Mar 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1440.50 1449.00 1448.75 1433.00 Jul 13 1418.00 1425.50 1425.00 1408.75 Aug 13 1373.00 1381.25 1379.00 1364.25 Sep 13 1301.25 1312.50 1310.00 1293.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13 50.43
      107 words
    • Article
      Lock icon LIFFE
      80 29 Mar 22 COCOA (£/tonne) Close Prev High/Low May 13 1446 1455 1464/1443 Jul 13 1460 1468 1478/1456 Sep 13 1469 1477 1486/1464 Dec 13 1472 1482 1491/1468 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2095 2112 2129/2105 May 13 2139 2153 2163/2134 Jul 13 2140 2155 2168/2138 Sep 13 2142
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      930 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Ratio Asiatravel.com HoldingsW*****7 3 1 25 16 Asiatravel.com HoldingsW*****5 3.3 1 27 40 Prem Best World Intl Ltd W*****5 Expiry BiosensoMBeCW*****3 ing Left Biosensors MB eCW*****2 7.4
      930 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS Mar 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.48 -0.31 WTI (Near Mth) 93.39 1.34 Dubai (1-Mth F) 104.32 -0.57 Tapis blend 113.13 -1.21 Minas 107.63 -1.21 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.11 -1.06 Jet Kerosene 119.61 -1.56 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Mar 25 S$ Bid Offer 1-month 1.2442 1.2452 2-months 1.2441 1.2452 3-months 1.2441 1.2452 6-months 1.2437 1.2457 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      67 29 Mar 22 Mar 22 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1914.50 1893.25 3 months 1947.00 1928.00 Copper, Grade A(US$/tonne) Cash 7621.75 7548.25 3 months 7655.00 7582.50 Lead(US$/tonne) Cash 2164.50 2147.00 3 months 2189.50 2172.50 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am Mar 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.333 1.270 Can dollar 1.247 1.188 Euro 1.662 1.583 Sterling pound 1.936 1.862 NZ dollar 1.075 1.015 US dollar 1.271 1.211 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 29 Mar 25 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.07 US$ 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
      157 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Sweden’s property sector faces deflation
      874 30 Danske Bank sees 5% decline in house prices this year, followed by another 2.5% in losses next year Bloomberg [STOCKHOLM] Danske Bank A/S, which has survived housing bubbles in Denmark and Ireland, is predicting that Sweden’s bloated property market faces a period of deflation as
      Bloomberg; PHOTO: BLOOMBERG  -  874 words
    • Article
      Lock icon Danish interest-only mortgage jolt threatens market
      327 30 Bloomberg [COPENHAGEN] Denmark’s mortgage system faces potentially destabilising shocks as borrowers who rely on interest-only terms need to start amortising their debt as early as this year, Standard Poor’s (S&P) said. The government rejected a plan by mortgage banks last week to split troubled
      Bloomberg  -  327 words
    • Article, Illustration
      Lock icon Ayala Land expects to boost record profit this year
      521 31 The developer stands to benefit from a shortage of housing Bloomberg [MANILA] Ayala Land Inc said it expects to expand its record profit this year as the Philippines’ largest builder takes advantage of a housing shortage and develops business districts outside
      Bloomberg; PHOTO: BLOOMBERG  -  521 words
    • Article
      Lock icon Taiwan may expand clampdown on luxury homes
      202 31 Bloomberg [TAIPEI] Taiwan’s central bank may extend its clampdown on the island’s luxury property market at its quarterly meeting this week, the Commercial Times reported, without saying where it got the information from. The monetary authority may announce rules tightening mortgage lending rules
      Bloomberg  -  202 words
    • Article
      Lock icon Westfield sells mall stakes for US$700m
      247 31 Bloomberg [SYDNEY] Westfield Group, the world’s biggest shopping centre operator by assets, said it sold half shares in six malls in Florida to O’Connor Capital Partners for about US$700 million. Westfield agreed to sell a 49.9 per cent interest in the malls at book
      Bloomberg  -  247 words
    • Article
      Lock icon New building codes from April: BCA
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      Lock icon Freehold Kismis flats sold en bloc for $84m
      374 32  -  By FELDA CHAY KISMIS Lodge, a development comprising a pair of freehold, walk-up apartments near Toh Tuck Road, has been sold through a collective sale to a consortium of private investors. Newfort Alliance (Cairnhill) paid $84.18 million, slightly under the $90 million
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      Lock icon England home prices rise most in three years
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      Reuters  -  282 words
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      Lock icon Two floors in Geylang industrial building for sale
      427 32  -  By NATHANIEL CHEW THE seventh and eighth floors of One Sims Lane have been put up for sale by expressions of interest by Savills Singapore and Chesterton Suntec International. One Sims Lane is a freehold Business 1 zoned development. The eight-sto-rey building
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      Lock icon Saudi homebuilding promises undermined by land gifts
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      199 31 !t* r ’■r II I 1 T I i n' London Property Owners London rental experts host investor seminar, Friday 5th April 2013 Also private appointments available on the 6th and 7th April Seminar Topics: i, m > An/to Mehra MD and Lynne Geeves Manager of our Singapore Operations Post
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