The Business Times, 6 April 2013

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Microfilm: NL32545
Total Pages: 48
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g APRIL 6-7, 2013 S$1.00 MICA (P) 075/08/2012
    14 words
  • Article, Illustration
    Lock icon Used car dealers get 60-day reprieve
    733 1  -  Non-MAS regulated lenders now also subject to car loan curbs as govt closes loophole By Samuel Ee samuelee@sph.com.sg Singapore THE Monetary Authority of Singapore yesterday granted used car dealers a 60-day reprieve from the new loan restrictions so they can clear their existing stocks
    FILE PHOTO  -  733 words
  • Article, Illustration
    Lock icon Is there a silver lining for Tony Fernandes’ QPR?
    1005 1  -  By Michelle Quah michquah@sph.com.sg Singapore WITH Queens Park Rangers (QPR) flirting with the possibility of relegation, the question of what this will mean for the hefty investment placed in the Premier League football club by AirAsia boss Tony Fernandes has come
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      59 1 the business www. usinesstimes.com. the raffles conversation MERCER CEO JULIO PORTALATIN 8-9 COMPANIES Olam withdraws libel suit against Muddy Waters 11 MOTORING The Mercedes E63 AMG L19 LIVING Rooted in dining L2-3 La Tradition Breguet (&> m p< 3 V-? n/ C/ Depuis 1775 www.breguet.com BREGUET BOUTIQUE 2 BAYFRONT AVENUE
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 3,299.78 (-8.02) HSTI FUTURES 3,280.00 (-9.00) HSIMSCI 374.16 (-1.14) HSIMSCI FUTURES 371.70 (-0.70) STOCKS Friday Change KL COMP 1,688.65 +0.19 NIKKEI 225 12,833.64 +199.10 HANG SENG 21,726.90 -610.59 SET 1,489.53 -38.93 JAKARTA 4,926.07 +3.46 MANILA 6,727.14 -56.58 KOSPI 1,927.23 -32.22 SHENZHEN B Closed MUMBAI IND 18,450.23 -59.47 12am
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.518 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 14.45 Source: Bloomberg
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      • Article
        Lock icon FOREX
        48 2 US$ S$ US$ (S$ per US$) 1.240 (US$/S$ per 1.521 1.885 EURO(US$/S$/€ 1.291 1.600 Foreign currency per US$ S$ YEN 96.40 77.70 RM 3.064 2.472 HK$ 7.763 6.263 BAHT 29.33 23.66 RUPIAH 9,753 7,868 RENMINBI 6.202 5.003 INDIAN RUPEE 54.80 44.20 A$ 0.960 0.774 NZ$ 1.190 0.960
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    • Article
      Lock icon Battle for control looms at SIA pilots union
      511 2  -  Extraordinary branch elections called in wake of disagreement over latest wage negotiations By Ven Sreenivasan ven@sph.com.sg Singapore THE lead-up to impending extraordinary branch elections for the SIA Branch of the Singapore Airline Pilots Association (Alpa-S) is turning out to be a battle
      511 words
    • Article, Illustration
      Lock icon US firms still keen on Singapore
      882 3  -  But they are concerned about the Republic’s rising costs and competitiveness in the long term, says PM Lee By Joyce Hooi joyceh@sph.com.sg New York EVEN as US firms have reservations about rising costs in Singapore, their confidence in the Republic’s prospects remains high, Prime
      882 words
    • Article
      Lock icon Employers add just 88,000 jobs in March
      553 4 Unemployment rate dips to 7.6% from 7.7%; this is the lowest rate in 4 years LATEST US DATA Bloomberg AP Washington EMPLOYERS in the US added just 88,000 jobs in March, the fewest in nine months and a sharp retreat after a period
      Bloomberg; AP  -  553 words
    • Article
      Lock icon Yen seen dropping further with BOJ action
      679 5  -  Fed lauds bold monetary easing moves; Tokyo bourse jumps for joy By Anthony Rowley btworld@sph.com.sg Tokyo AS Thursday’s dramatic monetary measures by the Bank of Japan (BOJ) drew endorsement from other leading central banks, analysts predicted that the yen would drop further while
      679 words
    • Article
      Lock icon Temasek sets up unit for big move into LNG business
      508 6  -  Pavilion Energy to source LNG for customers in Singapore and region By Ronnie Lim ronnie@sph.com.sg Singapore TEMASEK Holdings is going big into the liquefied natural gas (LNG) business including potentially investing and participating in upstream LNG projects, as well as
      508 words
    • Article
      Lock icon BN win seen reversing fund ouflows
      557 7 Investors may even shift money from other emerging markets Bloomberg Kuala Lumpur A FLOOD of money out of Malaysia should reverse, easing inflows into Thailand, Eastspring Investments and Societe Generale said, if Prime Minister Najib Razak’s Barisan Nasional retains power after the upcoming elections,
      Bloomberg  -  557 words
    • Article
      Lock icon HK steps up checks as bird flu fears rise
      400 7 Reuters AFP Xinhua Hong Kong A SEVEN-YEAR-OLD Hong Kong girl is being tested for the H7N9 flu virus after she returned from Shanghai and showed flu-like symptoms, officials said, in the city’s first suspected case. Health officials said the result of
      Reuters; AFP; Xinhua  -  400 words
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      122 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week in Review 10 Companies 11-14 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 Househunt 34 LIVING Dining L2-6 Design L7-9 Home Garden L10-11 Travel L12-13 Gadgets L14 Health
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      75 3 Samsung recommends Windows 8. Enhanced Productivity On-The-Go Now get ready for a faster Smart PC Pro experience with 256GB SSD! Samsung ATIVsmart PC^ HSPA+ Enabled r Enjoy a smarter PC experience with an array of intuitive features and applications on Samsung’s range of Windows 8 devices. > *P S Pen
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      64 4 The Finder Singapore Download today! IT’S FREE www.TheFinder.com.sg grinder SHOPPING RESTAURANTS DISCOVER SHANGRI-LA IN YUNNAN PROVINCE CHINA SUSS OUT KEONGSAIK DINING CONCEPTS JU. 8 HAVE YOU MET YOUR PARTNER FOR LIFE? ffiff HOME DECOR MAG JHrl!IUI|:l»i:>VJJM'ijll!U.|e m m Find your Om at the Heart Mind Body Festival Page 34 FREE
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      185 5 'I y 5?! <sS' rfd fm HI <r a :>' > i*E ,/\1 all 1 UJ. i XI m 3L a=r YOUR TRUSTED HEALTHCARE PARTNER R&fflesMedica! r v /a <v f RafflesOne One Group One Practice Your Corporate Healthcare Solution With 37 years of direct experience and partnerships with MNCs,
      185 words
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      1982 6 FOOD EMPIRE HOLDINGS LIMITED (Company Registration No. *****1282G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Food Empire Holdings Limited ("the Company”) will be held at Marina Mandarin Hotel, Vanda Ballroom Level 5, 6 Raffles Boulevard, Marina
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      1111 7 FOOD EMPIRE HOLDINGS LIMITED (Company Registration No. *****1282G) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Food Empire Holdings Limited (the “Company”) will be held at Marina Mandarin Hotel, Vanda Ballroom Level 5, 6 Raffles Boulevard, Marina
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon People person
      2899 8 / 9  -  The most valuable capital is human talent and Mercer boss Julio Portalatin can tell you how to nurture it. By Amit Roy Choudhury By Amit Roy Choudhury FOR someone who feels perfectly safe in the company of sharks when scuba-diving, Julio A Portalatin comes across as having his
      PHOTO: YEN MENG JIIN  -  2,899 words
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  • WEEK IN REVIEW
  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      351 10 Across 1 Novel having pride without prejudice? (6,4) 9 Source of light that’s growing (4) 10 Kipling’s game forest and reserve? (6,4) 11 Enemy Zulu leader’s resolved to be cause of ferment (6) 12 Does some stock-taking with odd results (7) 15 Such matters are usually kept secret (7) 16
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Olam withdraws libel suit against Muddy Waters
      620 11  -  It says it’s taking the action on the urging of its shareholders By Andrea Soh sandrea@sph.com.sg Singapore OLAM International has withdrawn its libel suit against Muddy Waters and Carson Block, on the urging of its shareholders in the past few months. Separately, Temasek
      PHOTO: BLOOMBERG  -  620 words
    • Article
      Lock icon Panel: Make integrated reporting accessible
      398 11  -  By Grace Ng INTEGRATED reporting, in line with its intent to concisely communicate how an organisation’s strategy, performance and prospects create value over time, should be made more accessible to stakeholders. This was the view of panellists at a roundtable discussion yesterday on the future
      398 words
    • Article
      Lock icon MCT issuing $70m 3.2% notes
      236 11  -  By Ong Chor Hao ongch@sph.com.sg Singapore MAPLETREE Commercial Trust (MCT) is issuing $70 million worth of notes with an interest rate of 3.2 per cent per annum to refinance existing borrowings. The manager of the real estate investment trust (Reit), Mapletree Commercial Trust Management, said
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    • Article
      Lock icon Spore banking trio lead financial stocks in STI
      481 12  -  Sector maintains largest industry weighting in key index in March By Jasmine Ng jasng@sph.com.sg Singapore SINGAPORE’S three banking groups DBS Group Holdings, Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) were the best performing financial constituents of the Straits Times Index
      481 words
    • Article
      Lock icon SGX AsiaClear to introduce iron ore futures next week
      276 12 Bloomberg Melbourne SGX AsiaClear, the world’s largest clearer of iron ore swaps, is scheduled to start a futures contract for the steel-making commodity next week as investors seek to bet on the pace of Chinese growth and swings in prices. The
      Bloomberg  -  276 words
    • Article
      Lock icon Copeinca enlists Cermaq to fend off China Fishery
      440 12  -  By Kenneth Lim kenlim@sph.com.sg Singapore COPEINCA has roped in the Vikings to thwart China Fishery Group’s hostile takeover bid. The Peruvian fish food producer yielded majority control to Norwegian rival Cermaq yesterday, despite warnings by China Fishery not to do so. “The
      440 words
    • Article
      Lock icon Interra to drill new well in Myanmar field
      292 12  -  By Kenneth Lim kenlim@sph.com.sg Singapore INTERRA Resources has completed its second producing well in a Myanmar oil field and will begin to drill a third. The YNG 3251 well in the Yenangyaung field currently produces a stable 96 barrels of oil per
      292 words
    • Article, Illustration
      Lock icon Markets feel effects of bird flu, US jobs report
      607 14  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent EVEN with Cyprus’s problems fading into the background and markets dismissive of Slovenia as the next possible European country to report financial problems, and notwithstanding news of the Bank of Japan’s (BOJ’s) resolve to reinflate
      607 words
    • Business briefing
      • Article
        Lock icon Fu Yu in talks to sell assets
        70 14 FU YU Corp is negotiating the sale of some of its machines and equipment via a subsidiary to a third party, the plastic injection moulding company announced yesterday in response to a trading query from the Singapore Exchange. Further announcements will be made
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      • Article
        Lock icon Courage Marine completes property deal
        93 14 SHIPPING company Courage Marine Group has completed a property acquisition in Shanghai through an asset swap. Courage Marine now holds a 41.7 per cent stake in a vehicle that owns about 9,213 square metres of land on which stands two industrial buildings with approximate total
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      • Article
        Lock icon ISDN signs MOU with China Huadian Engineering
        47 14 ISDN Holdings, an integrated engineering solutions provider for diverse industries, said it has signed a memorandum of understanding (MOU) with China Huadian Engineering Co Ltd, a Chinese state-owned power and industrial play, for collaboration on energy-relat-ed projects in South-east Asia.
        47 words
    • Article
      Lock icon TOP GAINERS
      64 14 BY CENTS CLOSE UP JMH 6688 169.8 2.1 DBXT USDIGInfl 5US$ ***** 117.7 0.3 DBXT AUD Bonds 5AU$ ***** 77.5 0.3 Lyxor Malaysia 10US$ 991 60.7 5.2 GLD 10US$ ***** 59.5 0.3 DBXT FTVietnam 10US$ 2581 38.4 1.2 DBXT S&P Short 10US$ 3177 34.7 0.9 DBXT MSJAP 10US$
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    • Article
      Lock icon TOP LOSERS
      68 14 BY CENTS CLOSEDOWN DBXT MSKorea 10US$ 5584 -168.6 -2.4 Lyxor China H 10US$ 1358 -49.6 -2.9 IS MS India 100S$D 739 -29.0 -3.8 Hyflux 6% CPS 10 ***** -24.0 -0.2 Lyxor Europe 10 US$ 1309 -22.3 -1.4 DBXT MSINDO 10us$ 1687 -21.1 -1.0 DBXT CSI300 10US$ 760 -18.6
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    • Article
      Lock icon Albedo auditor flags Thai unit concerns
      418 14  -  By Kenneth Lim kenlim@sph.com.sg Singapore AUDITORS of Albedo said they cannot express an opinion on the company’s financial statements because of uncertainty about the industrial raw material distributor’s ability to recover amounts owed by a Thailand subsidiary. Foo Kon Tan Grant Thornton said in
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    • Article
      Lock icon TOP 20 ACTIVES
      200 14 VOL CLOSE S i ngHaiy i 236 ,781 3 .1 -0 .2 -6 .1 WE Hldgs 186 ,553 1 1 .3 -0 .5 -4 .2 Ntegrator 156 ,487 1 1 .6 0 .1 0 .9 Memstar 89 ,483 9 .5 -0 .3 -3 .1 Innopac 87 ,040
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    • Article
      Lock icon STI STOCKS
      113 14 Stock name Close Change CapMallsAsia 2.000 -0.020 CapitaLand 3.490 -0.030 CapitaMall 2.170 +0.040 CityDev 11.17 -0.040 ComfortDelGro 1.925 +0.005 DBS Grp 15.85 -0.130 GLP 2.650 +0.070 Genting SP 1.450 -0.035 Golden Agri 0.565 HK Land 7.300 -0.120 HPH Trust US$ 0.830 -0.005 JMH 66.88 +1.370 JSH 39.47 -0.080
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      126 13 Date: Sunday 7th April 2013 Time: 1.30pm (registration) 2 3.30pm (seminar) Venue: Mount Elizabeth Novena Hospital Conference Rooms 1 2 Basement 1 38 Irrawaddy Road Singapore *****3 Speakers: Dr Low Wong Kein Dr Dharambir Sethi Dr Christopher Goh Dr Ravi Seshadri Admission: Free of charge Seats are limited on a
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      1140 15 vji carnernet C a r t i e r N e t Globa Ltd Company Registration No. *****4341 D (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of CarrierNet Global Ltd. will be held at Raffles Marina, Chartroom,
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      1240 15 CHINA KANGDA FOOD COMPANY LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CHINA KANGDA FOOD COMPANY LIMITED (the “Company”) will be held at The Library, Basement 2, International Grand Standford Hong Kong, 70 Mody Road, Tsimshatsui East Kowloon on Tuesday, 30 April
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Room to grow for Asian property
      808 16  -  FROM THE DESK OF Evolving culture of property investment is such that it’s no longer a rich man’s game Chris Comer CEO Property Developer, Castlewood Group THE facts are simple: Alongside Asia’s dramatic rate of growth lies the inherent problem of property prices skyrocketing.
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon S’pore must keep edge to draw multinationals: DPM
      465 17  -  One way is to continue nurturing talent with pan-Asian expertise By Lee U-Wen leeuwen@sph.com.sg WHILE Singapore has succeeded in attracting many multinational companies to set up base here, the country must differentiate itself to add value to businesses that are interested in
      PHOTO: DESMOND WEE, THE STRAITS TIMES  -  465 words
    • Article
      Lock icon US$250K LKY-JP Morgan Grant to help needy Sota students
      349 17  -  By Lee U-Wen leeuwen@sph.com.sg GLOBAL financial services firm JP Morgan Chase has donated US$250,000 to the School of the Arts Singapore (Sota) for a new award to support deserving students from low-income families. The Lee Kuan Yew-JP Morgan Grant named after
      349 words
    • Briefing
      • Article
        Lock icon IPOS gets new chairman
        46 17 THE Intellectual Property Office of Singapore (IPOS) has appointed Stanley Lai as its chairman, effective April 1. He succeeded Quek Tong Boon, who had served as chairman since 2009. Dr Lai is the head of Intellectual Property Practice at Allen Gledhill LLP.
        46 words
      • Article
        Lock icon A*Star unit chief wins cancer research prize
        38 17 ALEX Matter, chief executive of A*Star’s Experi- mental Therapeutics Centre, has won the Szent-Györgyi Prize for Progress in Cancer Research for developing a cancer pill targeting molecular lesions in leukaemia patients.
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      • Article
        Lock icon Lanxess buys S’pore biocide firm PCTS
        33 17 GERMAN specialty chemicals group Lanxess has acquired Singapore-based PCTS Specialty Chemicals to supply biocides for paints and coatings in the Asia-Pacific. The transaction price was not disclosed.
        33 words
    • Article
      Lock icon New window opens for SMEs as e-commerce thrives: Paypal
      320 17  -  By Grace Ng ngrace@sph.com.sg DESPITE flat traditional export and import growth in Singapore, new data from PayPal shows cross-border e-commerce figures rising rapidly. This indicates a potential avenue for growth for small and medium enterprises (SMEs), according to a statement from
      320 words
    • Article, Illustration
      Lock icon 5 bold and innovative employers honoured
      596 18  -  They won the inaugural Human Capital Breakthrough Award last night for excellent staff-friendly HR practices By Chuang Peck Ming peckming@sph.com.sg FIVE of Singapore’s “boldest and most innovative” employers in people management were honoured last night with the first Human Capital Breakthrough Award. The five
      PHOTO: LAU FOOK KONG, THE STRAITS TIMES  -  596 words
    • Article
      Lock icon Changi is first overseas stop for Golden Myanmar Airlines
      311 18  -  By Maria Mala Yogalingam ymaria@sph.com.sg GOLDEN Myanmar Airlines is the latest air carrier to fly into Singapore. Its first flight touched down at Singapore Changi Airport Terminal 1 yesterday. The airline, one of eight in Myanmar, has chosen Changi Airport as
      311 words
    • Article
      Lock icon Eugene Tan appointed as National Art Gallery director
      252 18  -  By Helmi Yusof helmi@sph.com.sg AFTER a one-and-a-half year search, the National Art Gallery, Singapore has found its director. Set to be the largest and most important visual arts institution in Singapore, the Gallery said yesterday that Eugene Tan will take up the
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  • WORLD
    • Article, Illustration
      Lock icon Lew off to Europe still in crisis
      491 19 Visit comes at a time when fragile US recovery is at the mercy of euro area headwinds Bloomberg Washington US TREASURY Secretary Jacob Lew kicks off a visit next week to Europe, a region fraught with risks to the world economy, after making
      Bloomberg  -  491 words
    • Article, Illustration
      Lock icon Chinese are world’s biggest tourist spenders
      504 19 AFP Reuters Madrid CHINESE travellers are the world’s biggest tourism spenders, splashing out a record US$102 billion on trips abroad in 2012, according to the UN World Tourism Organisation (UNWTO). The number of Chinese travellers to foreign countries jumped from 10 million in 2000
      AFP; Reuters; PHOTO: REUTERS  -  504 words
    • Article, Illustration
      Lock icon SkyTrain raises 62.5b baht in biggest Thai IPO
      350 20 BTS Group positions itself to participate in govt plans to expand train network AFP Bangkok THE Thai operator of Bangkok’s SkyTrain system yesterday said that it had raised 62.5 billion baht (S$2.64 billion) in one of the biggest initial public offerings (IPOs)
      AFP; PHOTO: BLOOMBERG  -  350 words
    • Briefing
      • Article
        Lock icon Malaysia’s exports take 7.7% hit in Feb, biggest since ’09
        128 20 Reuters Kuala Lumpur MALAYSIA’S exports fell the most in more than three years in February as the Lunar New Year holiday crimped economic activity in its Asian trading partners, but are expected to regain some ground in the months ahead.
        Reuters  -  128 words
      • Article
        Lock icon Boeing sends teams to Japan to fit Dreamliners
        151 20 Bloomberg Tokyo BOEING has sent several teams of engineers to Japan, home to the biggest operators of the grounded 787 Dreamliner, to get ready for battery upgrades as the planemaker escalates efforts to return the jets to service. Equipping each 787 with
        Bloomberg  -  151 words
      • Article
        Lock icon N Korea tells foreign embassies to evacuate
        142 20 Reuters AFP Seoul NORTH KOREA warned foreign embassies in Pyongyang that it was unable to guarantee their safety after April 10 and they should consider evacuating their missions amid soaring nuclear tensions. European countries with embassies in Pyongyang, such as Britain and Russia,
        Reuters; AFP  -  142 words
    • Article
      Lock icon Obama budget to offer programme cuts
      367 20 Reuters Washington US President Barack Obama will offer cuts to Social Security and other entitlement programmes in a budget proposal aimed at swaying Republicans to compromise on a deficit-reduction deal, a senior administration official said yesterday. Under a proposal that would cut the deficit
      Reuters  -  367 words
    • Article
      Lock icon Hedging against doomsdays not in vogue
      599 22 Such funds lose appeal as investors believe central bankers can avoid crazy volatility Reuters London HEDGE funds set up to profit from huge market slides are falling out of favour, signalling that investors are increasingly confident leading central banks can avert the kind of
      Reuters  -  599 words
    • Article, Illustration
      Lock icon Athens passes investment law to bypass red tape
      300 22 Reuters Athens THE Greek parliament has approved legislation to boost private investment, a key condition to get the crisis-struck country out of its worst-ever peacetime recession. The new investment incentive law aims to cut red tape by making a broader range of
      Reuters; PHOTO: AP  -  300 words
  • Page 19 Advertisements
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      114 19 LIQUIDATION SALE The property for sale is on an “as-is-where-is” basis: A purpose-built 4-storey factory building at Kranji Link built on JTC land permitted for use for the repair of heavy vehicles, tapping parts for ship, repair and maintenance of building equipment and worker quarters only. Lease of 17 years
      114 words
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  • Page 21 Advertisements
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      30 21 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings KAT3 NOTICES CATS Recruit The first step or your ladder to success BEATS
      30 words
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      Lock icon Page 21 Advertisements Column 2
      1694 21 CDW HOLDING LIMITED (Incorporated in Bermuda on 2 April 2004) (Bermuda Company Registration Number: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CDW Holding Limited (“the Company”) will be held at Sandalwood Room, Swissôtel Merchant Court Singapore, 20 Merchant Road, Singapore *****1
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  • Page 22 Advertisements
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      219 22 THE BUSINESS TIMES SATURDAY SPECIAL POETIC PORCELAIN Enjoy 40% off the following exquisitely crafted items: Green White Chinese Knot Bowl with Lid, Star Light Candles on Bamboo Pipes and Clouds Hand-carved Shadow Green Bowl Spin Singapore 9 Raffles Boulevard, #02-17 Millenia Walk, Singapore *****6 Tel: 6610 2913 Website: spin-singapore.com Terms
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  • Article
    Lock icon SGX
    8141 23 Transaction date: Apr 5 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.4 8Telecom 13cd 13.1 10.6 0.8 10.7 62.3 5.8 3 A-Sonic 4.4 3.7 4.5 3 31.5 AAT 2 halt 1.6 14.4
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  • Article
    Lock icon SGX CATALIST
    1874 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21.5 15 t 800 Super 19 18.5 20 3.3 5.3 5.7 34 6.2 2.8 t AA Grp 6.1 4.6 5.8 305 5.9 96 17.2 t
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 12 3 0 0 0 1 12 3 Manufacturing 35 77 33 2 15 12 37 92 45 Commerce 14 33 17 2 13 2 16 46 19 Tpt/Stor/Comms 6 26 10
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    755 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Apr 1 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Innopac 5-Apr-13 Ipco Int'l *Buy *****0 ***** 1.32 *****0 8.19 Innopac 5-Apr-13 Sun Spirit Buy *****0 *****
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,968 24,968 63,979 63,979 Manufacturing 507,951 243,987 751,938 175,931 14,550 190,482 Commerce 287,719 275,990 563,709 110,958 24,718 135,676 Tpt/Stor/Comms 119,196 17,021 136,217 180,654 6,518 187,173 Finance 105,378 536 105,914 140,388 241 140,629 Construction 112,518 46,357
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 27 Apr 4 COCOA (£/tonne) Close Prev High/Low May 13 1444 1452 1460/1431 Jul 13 1452 1464 1466/1439 Sep 13 1463 1473 1473/1449 Dec 13 1468 1477 1475/1454 COFFEE(US$/tonne) Close Prev High/Low May 13 2015 2047 2047/2008 Jul 13 2057 2082 2080/2048 Sep 13 2067 2089 2090/2060 Nov 13 2069
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    • Article
      Lock icon METALS
      67 27 Apr 5 GOLD(US$/oz) Apr 05 Apr 04 Hong Kong 1561.00 1579.00 Apr 04 Apr 03 London 1550.20 1570.39 1550.95 1571.61 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 33.78 33.13 Source: UOB PLATINUM Lon (US$/oz) Apr 04 Close Previous PM Fix 1526.00 1569.00 AM Fix 1525.00 1561.00 Source:
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    • Article
      Lock icon PALM OIL
      57 27 Apr 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 13 2345.0 2336.0 2355.0 2345.0 19 683 May 13 2359.0 2353.0 2363.0 2340.0 1639 ***** Jun 13 2364.0 2359.0 2373.0 2346.0 ***** ***** Jul 13 2369.0 2366.0
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      Lock icon GOVERNMENT SECURITIES
      90 27 Apr 5 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*****X 04-Oct-13 0.26 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.12 5-Year N*****0T 2.375 01-Apr-17 99.93
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      Lock icon INTERBANK CURRENCY RATES
      155 27 Apr 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2908 1.2916 1.0415 1.0418 Canadian dollar 1.2219 1.2228 0.9863 0.9859 Euro 1.5998 1.6006 1.2908 1.2910 NZ dollar 1.0417 1.0424 0.8405 0.8408 Sterling pound 1.8843 1.8854 1.5203 1.5207
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      Lock icon FOREIGN CURRENCY NOTE RATES
      124 27 Apr 05 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.323 1.260 Can dollar 1.252 1.193 Euro 1.641 1.563 Sterling pound 1.924 1.850 NZ dollar 1.076 1.016 US dollar 1.265 1.205 Local dollars to 100 units of foreign
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    • Article
      Lock icon CHICAGO BOT
      103 27 Apr 4 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 13 1372.00 1380.25 1383.75 1361.00 Jul 13 1351.75 1357.75 1361.00 1340.25 Aug 13 1322.00 1326.75 1330.25 1311.75 Sep 13 1268.00 1271.25 1273.75 1254.75 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low May 13 48.55 49.15 49.25 48.25
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 27 YTD change:+4.19% 52-week high: 3,331.26 on April 3,2013 52-week low: 2,698.90 on June 4, 2012 Source: Bloomberg
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        Lock icon Hang Seng Index
        19 27 YTD change:-4.10% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 18,056.40 on June 4,2012 Source: Bloomberg
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        Lock icon Shanghai Stock Exchange Composite
        21 27 YTD change: -1.93% 52-week high: 2,453.73 on May 4,2012 52-week low: 1,949.46 on Dec 4,2012 Source: Bloomberg
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        Lock icon Nikkei 225
        19 27 YTD change: +23.46% 52-week high: 13,225.62 on April 5,2013 52-week low: 8,238.96 on June 4,2012 Source: Bloomberg
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        Lock icon Dow Jones Industrial Average
        26 27 YTD change:+11.46% 52-week high: 14,684.49 on April 2, 2013 52-week low: 12,035.09 on June 4,2012 (Chart shows Thursday’s index closing) Source: Bloomberg
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    • Article
      Lock icon OIL
      68 27 Apr 04 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 105.74 -2.90 WTI (Near Mth) 93.20 -1.17 Dubai (1-Mth F) 103.97 -2.90 Tapis blend 112.52 -2.88 Minas 107.22 -2.88 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.44 -1.67 Jet Kerosene 121.31 -2.00 US$/barrel OpecOil Basket Price 104.21
      68 words
    • Article
      Lock icon LONDON METALS
      69 27 Apr 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1856.00 1839.50 3 months 1885.00 1872.00 Copper, Grade A (US$/tonne) Cash 7411.75 7357.50 3 months 7441.00 7388.00 Lead (US$/tonne) Cash 2047.75 2025.00 3 months 2074.50 2050.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Apr 4 Index Change Change Change Change Change Change World Preliminary 1017.3 0.0 8.4 0.1 7.9 -0.3 6.2 EAFE Preliminary 840.4 -0.2 8.5 -0.6 5.2 -1.0 3.4 Europe Preliminary 1211.6 -1.0 5.6
      373 words
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  • PERSPECTIVE
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      Lock icon Tamil Nadu: Vision 2023
      1097 28 / 29  -  It envisages Tamil Nadu as India’s most prosperous and progressive state with no poverty, where people would enjoy all the basic services of a modern society Yogi Aggarwal ~The writer is a Mumbai-based journalist who contributes regularly to BT RECENTLYtherehas been much talk of the “Gujarat
      PHOTO: REUTERS  -  1,097 words
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      Lock icon Critical first 100 days for CEOs
      861 28 / 29  -  By Kathryn Yap ~The writer is managing partner of CTPartners Singapore, an executive search firm RECENT research by Insead shows that the top 100 CEOs from around the world delivered, on average, an impressive total shareholder return of 1,385 per cent during their tenures
      861 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Stamp of appreciation
        1179 30 / 31  -  The number of serious rare stamp collectors are growing and returns could well exceed those of traditional assets Genevieve Cua gen@sph.com.sg Personal Finance Editor IT IS easy to dismiss stamp collecting as an antiquated hobby that few are likely to pursue. But the ranks of serious rare
        Source: Bloomberg  -  1,179 words
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        Lock icon BROKERS’ TAKE
        822 30 / 31  -  Compiled by Cai Haoxiang Pan United Corporation Buy DBS Group Research April 5 April 5 close: S$0.96 WE believe the port business is currently undervalued. Our current valuation of CXP port stands at 7 times FY2013F earnings vs peer average of China listed ports at 12.2 times. We
        822 words
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        Lock icon European equity: The underestimated asset
        1202 32  -  European equities surprised many last year, and prospects for growth this year are good with economies stabilising WEALTH INSIGHTS Britta Weidenbach ~The writer is portfolio manager of DWS Invest Top Euroland fund btnews@sph.com.sg EUROPE’S equity markets were the surprise of last year. Despite the government
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        Lock icon Be an emotional oracle: trust your feelings
        1611 33  -  Studies suggest that an intuitive form of judgement will tend to outperform an analytical form of judgement in complex systems, such as stock markets SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent MANY many moons ago, when I didn’t know that
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    • WEALTH REAL ESTATE
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        Lock icon Investors line up £7b for UK rental homes
        534 34 They are betting that a shortage of housing and mortgages will produce a generation of renters rather than owners Reuters London INSURERS and pension funds are poised to spend £7 billion (S$13 billion) on rental homes in Britain in a bet that
        Reuters  -  534 words
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        Lock icon Househunt
        585 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MARCH 6 AND MARCH 12, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Spottiswoode Residences Apt 07/03/2013 FH 797 1826 2292 District 4 NON-LANDED The Interlace Apt
        585 words
      • Article, Illustration
        Lock icon Brisk sales at new Serangoon condo
        390 35  -  Freehold project marketed at $1,416 psf after discount By Kalpana Rashiwala kalpana@sph.com.sg Singapore ROXY-PACIFIC Holdings began sales at its Jade Residences condo in the Lorong Lew Lian area yesterday, and had moved close to 60 units by 6pm. Located about 400 metres from Serangoon
        390 words
      • Article
        Lock icon Yishan raising more than US$200m for 2 Indonesian real estate funds
        409 35 Bloomberg Singapore SINGAPORE-based Yishan Capital Partners, which is developing an office project in Jakarta, plans to raise more than US$200 million through two funds that will invest in warehouses and shopping malls in Indonesia. The company, which has a
        Bloomberg  -  409 words
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      875 35 'at BSAIS3 NOTICES vTI carriernet (Company Registration No.: *****4341 D) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the Circular dated 3 April 2013 ("Circular") issued by CarrierNet Global Ltd. NOTICE IS
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      218 36 X m > c D > XI CO X o c o c a > T) J3 o c D CD c “0 T) O ID —I CO O r~ O GD > TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLEE DE JOUX, THE JURA. FOR MILLENIA,
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      76 1 Living DINING Garden dining hotspots L4-5 BT THE BUSINESS TIMES WEEKEND APRIL 6 7 2013 ROOTED IN DINING As big players go belly up or migrate online, two private chef outfits and a pop-up restaurant check into permanent digs L2-3 HOME GARDEN Invitation into Eddie Tan's abode L10-11 PHOTO: DEBBIE
      76 words
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Rooted in dining
        2301 2 / 3  -  With new restaurants shuttering within months of opening and even top food retailers moving their businesses online, it takes real guts to still want to run a brick-and-mortar F&B business in these competitive times. Debbie Yong spotlights two private chef outfits and a pop-up dining series that
        PHOTOS: YEN MENG JIIN; PHOTO: DEBBIE YONG; PHOTOS: DEBBIE YONG  -  2,301 words
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        Lock icon Garden getaways
        1861 4 / 5  -  Tired of the same-old in the concrete jungle? Debbie Yong and Natalie Koh suggest you go far from the madding crowd and dine amid lush greenery in new eateries right in our own backyard Debbie Yong, Natalie Koh btnews@sph.com.sg debyong@sph.com.sg Romp in the Park Park 281 Holland Avenue
        PHOTO: PARK RESTAURANT; PHOTOS: GRUB; PHOTOS: FORREST AT ORCHIDVILLE  -  1,861 words
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        Lock icon Flavours galore at Savour
        507 6  -  The gourmet event packs twice the fun in its second run. By Sara Yap sarayap@sph.com.sg SAVOUR 2013 has been upsized, so expect even more gourmet offerings such as artisanal cheese, organic liqueurs and ice cream cookie sandwiches this time round. Showcasing new-to-market artisanal and speciality foods
        507 words
    • DESIGN
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        Lock icon MID-SCALE MINI BOOM
        2379 7  -  Offering a range of facilities at a reasonable price, mid-scale hotels appeal to a wide spectrum of travellers. Not surprisingly, a crop of such hotels have sprouted recently with more on the way. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg THEY are not as glitzy
        PHOTOS: YEN MENG JIIN; PHOTOS OF DORSETT: YEN MENG JIIN  -  2,379 words
    • HOME & GARDEN
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        Lock icon Penang haven
        1281 10 / 11  -  Singaporean Eddie Tan chose to live in Penang after a long and illustrious career as general manager of several five-star hotels. Cheah Ui-Hoon drops by his home to find out why al space Cheah Ui-Hoon uihoon@sph.com.sg THE advantage of working in the hotel industry especially when you’re posted
        PHOTOS: CHEAH UI HOON  -  1,281 words
    • TRAVEL
      • Article, Illustration
        Lock icon Coasting in Sri Lanka
        1368 12 / 13  -  Explore the bounty of Sri Lanka’s coastal south from its pristine beaches to wildlife parks. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg ~The writer travelled to Sri Lanka courtesy of SriLankan Airlines Well-worn cliches come easily to mind when describing Sri Lanka, a 65,600 sq km
        ALL PHOTOS BY GEOFFREY EU  -  1,368 words
    • GADGETS
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        Lock icon Beneath the Surface
        784 14  -  explores the first tablet to come here made by Microsoft itself Christopher Lim limchris@sph.com.sg Microsoft Surface RT $668-$930, depending on storage and keyboard cover THERE’S something disorienting about using Microsoft’s Surface RT for the first time if you’re used to using Windows 8 on anything larger than
        784 words
    • HEALTH
      • Article, Illustration
        Lock icon After heart bypass surgery
        1140 15  -  Some patients will still require another procedure due to either progression of the disease or degeneration of the graft vessel. By Michael Lim By Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal
        PHOTO: AFP  -  1,140 words
    • SPORTS
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        Lock icon Courting the world’s leading brands
        566 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent FOR an organisation still three months shy of its second birthday, One Fighting Championship (One FC) is wasting no time in roping in some of the biggest global brands as its most prized sponsors. The Singapore-based mixed martial
        FILE PHOTO  -  566 words
      • Article, Illustration
        Lock icon Man U need to win big against City
        511 16  -  kick off with colette wong WHEN Alex Ferguson watched his Manchester United team make history against Sunderland last Saturday by becoming the first top-flight team to win 25 of its first 30 matches, all he could think about was next Monday’s all-important
        511 words
    • GOLF
      • Article, Illustration
        Lock icon Top women golfers show their mettle
        1013 17  -  This year’s World Ladies Championship hosts 108 players at Mission Hills Haikou. By Justine Moss btnews@sph.com.sg WHEN this year’s World Ladies Championship (WLC) teed off at Mission Hills Haikou last month, the tournament, which is co-sanctioned by the Ladies European Tour (LET) and the
        PHOTOS: MISSION HILLS HAIKOU; PHOTO: LADIES EUROPEAN TOUR  -  1,013 words
    • MOTORING
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        Lock icon ELECTRIC REVOLUTION
        663 18  -  Expect the BMW i3 electric vehicle to revolutionise auto manufacture when it goes into production. By Samuel Ee samuelee@sph.com.sg THE electric age is closer than you think. The BMW i3 Concept battery electric vehicle goes on sale later this year the first of the German luxury carmaker’s i
        663 words
      • Article, Illustration
        Lock icon E is for Exciting
        733 19  -  The Mercedes-Benz E63 AMG gets a new look and new performance. By Samuel Ee samuelee@sph.com.sg WHAT makes a car suddenly go from so-so to special? And how does it do it in half a life-cycle? The new Mercedes-Benz E63 AMG, compared with its predecessor from three
        733 words
      • Article, Illustration
        Lock icon A cute little number
        609 20  -  drives two turbodiesel hatchbacks which combine economical motoring with French flair Samuel Ee LIGHTER and roomier, curvier and cuter. If any four words can sum up the new Peugeot 208 1.6 e-HDi, it has to be these. The 208 supermini gets the latest turbodiesel engine from
        609 words
      • Article, Illustration
        Lock icon Designer diesel
        483 20 samuelee@sph.com.sg PEUGEOT and Citroën belong to the PSA Peugeot and Citroën group, so it is only expected that the Citroën DS4 EGS e-HDi has a similar powertrain to the Peugeot 208 1.6 e-HDi. But because the DS4 is a designer Citroën and bigger, its 1.6-litre turbodiesel packs more
        483 words
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      906 6 wine&dine with BTWeekend Peach Blossoms Marina Mandarin Singapore 6 Raffles Boulevard Level 5 S(*****4) Organic Goodness Till April 30, 2013 Back by popular demand, Peach Blossoms Chinese Executive Chef Chan Shun Wong presents two special organic set menus and an extensive a la carte menu using naturally grown and chemical-free
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