The Business Times, 26 April 2013

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Total Pages: 50
1 52 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Friday, April 26, 2013
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  • 626 1  -  Wee Cho Yaw looks towards Australia, HK; Asean offers limited options By SIOW LI SEN [SINGAPORE] Faced with limited opportunities for growth in the region, United Overseas Bank may look for acquisitions in Australia and Hong Kong, said Wee Cho Yaw,
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  • 776 1  -  It will reduce gearing and generate free cashflow in nod to Muddy Waters criticism By ANDREA SOH [SINGAPORE] In a tacit nod to the criticism levelled against it by research firm Muddy Waters, Olam International yesterday unveiled plans to generate free cashflow more
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  • MARKETS DIGEST
    • 65 1 GST INDEX 3,337.71 (+15.00) GST INDEX FUTURES 3,323.00 (+17.00) GSIMSCI 377.96 (+3.14) GSIMSCI FUTURES 376.50 (+4.70) US$ S$ US$ (S$ per US$) 1.239 (US$/S$ per 1.529 1.894 EURO (US$/S$/€ 1.304 1.616 Foreign currency per US$ S$ YEN 99.20 80.10 RM 3.041 2.454 HK$ 7.764 6.266 BAHT 29.18 23.55 RUPIAH
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    • 48 1 Thursday Change KL COMP 1,706.34 -1.01 NIKKEI 225 13,926.08 +82.62 HANG SENG 22,401.24 +218.19 SET INDEX 1,574.25 +20.40 JAKARTA COMP 4,994.52 -17.08 MANILA COMP 6,995.46 +22.77 SEOUL COMP 1,951.60 +16.29 SHENZHEN B 814.74 -9.96 MUMBAI IND 19,406.85 +227.49 11.30am EDT Change DOW 14,746.17 +71.26 NASDAQ 3,297.61 +27.96
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    • 21 1 SINGAPORE MALAYSIA MALAYSIA 6.55 INDONESIA 5.00 INDONESIA 13.243 KOREA 5.036 JAPAN US KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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  • Page 1 Advertisements
    • 186 1 EXEC LIFESTYLE Political art: what’s acceptable, what’s not PAGE 52 ASEAN SUMMIT Economic integration will help Asean prosper: PM Lee PAGE 2 BPL SingTel should have seen it coming: MDA PAGE 5 XC LIFSTYLE olitical art: what’s cceptble, wht’s not AGE 52 THE RAFFLES CONVERSATION Acting Manpower Minister Tan Chuan-Jin
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    • 2 1 *****1 *****4
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    • 23 1 BT PROPERTY CLASSIFIEDS BT’s CATS property feature is now available to BTO subscribers. To subscribe to BT Property Classifieds, email cats8@sph.com.sg PAGES 42-45
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  • TOP STORIES
    • 706 2  -  80% of the work to turn the region into a single market is completed, he says By in LEE U-WEN in Bandar Seri Begawan WITH less than three years to go before South-east Asia is due to weld itself into a unified
      PHOTO: REUTERS  -  706 words
    • 520 2 Move comes amid growing usage of currency globally Bloomberg [HONG KONG] The yuan climbed to a 19-year high as the central bank set a record reference rate amid growing usage of the currency for worldwide trade and investment. Global yuan payments increased
      Bloomberg  -  520 words
    • 463 2  -  Singapore’s growth won’t be as fast as before, he says By LEE U-WEN in Bandar Seri Begawan AHEAD of the annual May Day celebrations next Wednesday, Prime Minister Lee Hsien Loong’s message for Singapore this year is to “work together to make
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    • 478 2 After soul-searching, Olam takes a new path IN a tacit nod to the criticism levelled against it by Muddy Waters, Olam International yesterday unveiled plans to generate free cashflow more quickly, reduce its gearing and capital expenditure and to make its business less complex. FRONT PAGE Cramped in
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    • 810 4  -  S’pore’s growth will be dampened by weak external demand, says report By MALMINDERJIT SINGH [SINGAPORE] Singapore’s economic growth this year and next will be dampened by weak external demand as it is expected to perform poorer than most other economies in the region.
      Source: Standard & Poor’s 2013  -  810 words
    • 816 4  -  Significant increases in financial services sector, PMET redundancies By TEH SHI NING [SINGAPORE] Economic restructuring and slower growth has taken a heavier toll on Singapore workers, especially those in the services sector, and professionals, managers, executives and technicians (PMETs) who
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    • 528 4  -  Need to keep pace with borderless business world: CJ By GRACE LEONG [SINGAPORE] Chief Justice Sundaresh Menon yesterday called for courts in major commercial centres worldwide to look at bridging differences in their commercial laws to keep pace with an increasingly borderless
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  • Page 2 Advertisements
    • 243 2 mavenalliance www.mavenalliance.biz Maven Alliance is proud fo present the following workshop: Understanding Complying with Personal Data Protection Act 2012 By Mr Tan Sin Liang 31 May 2013 The Personal Data Protection Commission has now issued consultative regulations and guidelines for the Personal Data Protection Act 2012 find out what this
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    • 20 2 The best pure-play private bank in Asia EFG 0 Bank m±%Lmmn Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com
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  • Page 3 Advertisements
    • 123 3 Depuis 1775 a* mt ms w 4 i V m y "S >S* I -V a 31 Ski </> is vc. ■V if V rJT. f> hA AN l V K Breguet, the inno Invention of the shock-protection Inspired by “subscription watches”, the Tradition 7027BR model daringly symbolizes the Breguet
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  • Page 4 Advertisements
    • 254 4 FTm iWI HUATING Restaurant Level 2 Hua Ting. Because Moms The Best, J < Only the finest Cantonese cuisine will do to show your gratitude for a Mothers love. And only multiple award-winning Hua Ting with its accomplished culinary team led by Masterchef Lap Fai can create a Mother’s Day
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  • COMPANY NEWS
    • 739 5  -  Telco well aware of risks, implications when bidding for BPL, says regulator By JOYCE HOOI THE Media Development Authority (MDA) was unmoved by SingTel’s dire predictions of higher Barclays Premier League (BPL) subscription fees and said yesterday that the pay-TV operator should have
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    • 351 5  -  By MINDY TAN CAPITAMALLS Asia Limited (CMA) posted a net profit of $73.2 million for the first quarter ended March 31, up 9.6 per cent from $66.8 million a year ago. Excluding a revaluation gain of $30.7 million which was posted for
      351 words
    • 462 5  -  By MINDY TAN SUNTEC Real Estate Investment Trust reported distribution per unit (DPU) of 2.228 cents for Q1 2013, down 9.2 per cent year-on-year. Distributable income clocked for the three months ended March was $50.3 million, 8.4 per cent lower compared to a
      462 words
    • 401 7  -  This is the eighth project it has invested in the past two years By LIM JIA YING THAKRAL Corporation Ltd is set to invest up to A$24.05 million (S$30.8 million) to fund a property development in Sydney, Australia. The mainboard-listed company said that
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    • 327 7  -  By CARINE LEE PNE Micron Holdings will not proceed with the proposed subscription of some 85.5 million new shares in the share capital of the company. The Catalist-listed firm yesterday said that while the main terms of the proposed subscription were agreed
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    • 392 7  -  By LEE MEIXIAN ABOUT a week after buying a stake in Cosumar SA, Africa’s third-largest sugar producer, Wilmar International yesterday announced more initiatives to realise its goal of becoming a global sugar player. It is planning to work with the Tereos Group, its partner
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    • 277 7  -  By LEE MEIXIAN MAINBOARD-LISTED Del Monte Pacific yesterday submitted an application for a secondary listing on the Philippine Stock Exchange (PSE). The food and beverage group said there would be no immediate issue of new shares, but that it may offer vendor shares,
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    • 567 8  -  Need to factor in mark-to-market value changes, says the company By KENNETH LIM GREAT Eastern Holdings is revealing greater details about its quarterly results as it tries to combat the challenges of reporting short-term numbers for a necessarily long-term portfolio.
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    • 214 8  -  By BENJAMIN AW BAKER Technology posted a 76 per cent fall in net profit to $3.2 million for the first quarter ended March 30, owing to the gain of $10.9 million from the disposal of an associate recognised in Q1 2012. Excluding
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    • 572 8  -  By CAI HAOXIANG THE bosses of two palm oil-related blue chips sought to reassure shareholders yesterday that their businesses were fundamentally sound despite share price declines over the past year. Shareholders at the annual general meetings (AGMs) of Wilmar International and Golden Agri-Re-sources
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    • 248 8  -  By CARINE LEE CREATIVE Technology’s net loss ballooned in its fiscal third quarter ended March 31, 2013, to US$10.45 million, or 15 US cents per share, from a net loss of US$1.58 million, or 2 US cents per share, a year ago. The
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    • COMPANY BRIEFS
    • 215 8  -  By TEO SI JIA INTERRA Resources yesterday said that its gross oil production at the Tanjung Miring Timur (TMT) field in South Sumatra, Indonesia, has grown 38 per cent quarter on quarter to 35,322 barrels. The field had produced 25,555 barrels of oil in
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    • 475 8  -  Absence of one-time disposal gain this time round cited By GRACE NG DESPITE performing well in its core operations, Sheng Siong Group posted a sharp fall in net profit for the first quarter because of the absence of a one-time disposal gain
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    • 436 8  -  By LEE MEIXIAN JAPAN-FOCUSED Croesus Retail Trust has revived its plans for a Singapore mainboard listing, in an initial public offering (IPO) that will raise about $369 million the second-largest this year after Te-masek-backed Mapletree Great China Retail Trust’s $722 million IPO. Croesus
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    • 558 8  -  By NISHA RAMCHANDANI THE sale of its stakes in Fraser and Neave (F&N) and Asia Pacific Breweries (APB) was done at a considerable premium to the then-prevailing share price, said OCBC chairman Cheong Choong Kong at yesterday’s annual general meeting,
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  • Page 5 Advertisements
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    • 32 5 Stocks simple profit Track bankers,follow trend HomilySoftware for Phon tseee-H-S&IO Free Now scan QR 01 search 'Homily 7 in store Key URL in Chrome or Safari Shortcut URL: http://ezkey.in y *****752 www.apitaImaster.com.sg
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  • SINGAPORE MARKETS
    • 566 6  -  Banks, Genting main contributors to rise; turnover value boosted by active F&N trading for three days running STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday rose 15 points to a five-year high of 3,337.71, propelled mainly by gains in the three banks
      Source: Bloomberg  -  566 words
    • 73 6 Apr 25 VALUE CLOSE BT OB/OS -240.00 -20.00 BT CADI -*****.00 +42.00 BT 10-day MA -*****.00 -24.00 FTSE ST Mid Cap 838.94 +4.60 FTSE ST Small Cap 586.22 +2.44 FTSE ST All Share 825.04 +3.83 FTSE ST China Top 217.55 +0.74 FTSE ST China 246.97 +1.45 FTSE
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 2 0 0 0 5 8 2 Manufacturing 57 49 38 6 11 9 63 60 47 Commerce 19 16 22 4 6 4 23 22 26 Tpt/Stor/Comms 20 7 13
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    • 907 6  -  Compiled by JOYCE HOOI Cache Logistics Trust April 25 close: $1.39 OCBC Investment Research, April 25 CONSISTENT set of Q1 2013 results. Cache Logistics Trust (Cache) has just released its Q1 2013 results. Net property income (NPI) rose 12.4 per cent y-o-y to $18.1 million, forming 23.4 per
      Source: Bloomberg  -  907 words
    • 123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 33,171 33,171 161,476 161,476 Manufacturing 598,052 191,228 789,280 381,268 10,714 391,982 Commerce 158,912 86,098 245,010 116,027 7,811 123,838 Tpt/Stor/Comms 87,176 21,370 108,546 163,623 8,480 172,103 Finance 109,317 382 109,699 200,849 167 201,016 Construction 69,361 29,815
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    • 115 6 Stock name Close Change CapMallsAsia 2.040 +0.070 CapitaLand 3.580 +0.090 CapitaMall 2.270 -0.020 CityDev 11.310 +0.040 ComfortDelGro 1.935 +0.010 DBS Grp 16.180 +0.200 GLP 2.750 +0.040 Genting SP 1.480 +0.055 Golden Agri 0.565 +0.015 HK Land 7.370 +0.080 HPH Trust US$ 0.835 JMH 65.520 -1.770 JSH
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    • 515 6 CURRENCIES Reuters [ZURICH] The Swiss franc traded near a six-week low against the euro yesterday as investors bought the single currency to cover short euro-dollar positions taken in the wake of data showing weakening business sentiment in Germany. Market chatter continued to
      Reuters; PHOTO: BLOOMBERG  -  515 words
    • 57 6 VOLUME Lorenzo 297,594,000 Genting SP 112,887,000 SingHaiyi 102,394,000 Innopac 92,730,000 Golden Agri 66,803,000 WE Hldgs 64,669,000 TT Intl 43,800,000 Thai Beverage 41,145,000 Geo Energy 40,897,000 Equation 38,153,000 VALUE($) Genting SP 165,577,075 F&N 144,811,064 Keppel Corp 87,570,450 DBS Grp 76,744,620 SingTel 76,309,640 SembCorp Ind 55,483,500 UOB 50,098,980 Lorenzo
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    • 114 6 BY CENTS CLOSE UP GLD 10US$ ***** 266.4 1.6 DBXT MSKorea 10US$ 5665 92.9 1.3 DBXT MSJAP 10US$ 4468 89.2 1.6 DBXT SPASX200 10US$ 4156 62.0 1.2 DBXT iBoxxSing 5SG$ ***** 50.0 0.4 DBXT FTChina25 10US$ 2803 43.4 1.3 DBXT MSTHAI 10US$ 2340 43.4 1.5 Lyxor China H 10US$
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    • 125 6 BY CENTS CLOSE DOWN JMH 6552 -219.3 -2.6 Jardine C&C 5012 -88.0 -1.7 JSH 3912 -74.3 -1.5 DBXT MSINDO 10us$ 1726 -33.5 -1.5 DBXT Nifty 10US$ ***** -17.4 -0.1 DairyFarm 1219 -17.4 -1.1 Lyxor Russia 10US$ 361 -14.9 -3.2 DBXT CSI300 10US$ 772 -13.6 -1.4 Great Eastern 1762 -12.0
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    • 5 6 DAILY
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  • Page 7 Advertisements
    • 83 7 RE-CORKING CLINIC2013 9 th MAY 2013 ST REGIS HOTEL SINGAPORE THE PENFOLDS RE-CORKING CLINICS OFFER THE OWNERS OF PENFOLDS WINES, WHICH ARE 15 YEARS AND OLDER, THE OPPORTUNITY TO HAVE THEM ASSESSED BY THE PENFOLDS WINEMAKING TEAM AND, IF APPROPRIATE, OPENED, TASTED, TOPPED UP AND RE-GAPSULED ON THE SPOT. EVERY
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  • Page 8 Advertisements
    • 204 8 DBS BANK LTD. (Incorporated in the Republic of Singapore) Company Registration No. *****0306E (“the Company”) NOTICE OF CLOSURE OF BOOKS FOR S$800,000,000 4.7% NON-CUMULATIVE PREFERENCE SHARES (“PREFERENCE SHARES”) Notice is hereby given that the Share Transfer Books and Register of Preference Shareholders will be closed on Friday, 10 May 2013.
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  • Page 9 Advertisements
    • 2405 9 Special ADVERTISEMENT G (3 U r yrf f~ v>A°> Proudly Presented by A CELEBRATION OF JAPANESE CULTURE FINE CUISINE 26 APRIL TO 31 MAY 2013 \> tip YOKOSO, ITADAKIMASU KANPAI! Japan holds a special place in the hearts of diners, from those seeking convenient meals from the vending machines found
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  • SINGAPORE NEWS
    • 715 10  -  Minister cites factors to be considered to assess a viable LNG import framework By RONNIE LIM SINGAPORE will next month launch a second consultation exercise to decide how future liquefied natural gas (LNG) supplies here could be secured, Minister in the Prime
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    • 465 10  -  It intends to find out how its members can join S’pore body By LYNN KAN ACCA (the Association of Chartered Certified Accountants) becomes the third international professional accountancy body to explore a new reciprocal membership agreement with Singapore’s national accountancy body, the Institute of
      465 words
    • 295 10  -  By ARTHUR LEE SOME 40,000 tulip bulbs specially flown in from the Netherlands will be planted in two batches within the “Flower Dome” cooled conservatory at Gardens by the Bay. It promises to be the largest tulip display in Singapore, courtesy
      PHOTO: ARTHUR LEE  -  295 words
    • 416 10  -  By BENJAMIN AW A NEW biochip that can identify 13 different major tropical diseases such as dengue fever, malaria and hand, foot and mouth disease from a single blood sample in just three hours will soon be launched in the market. Jointly
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    • 464 10  -  By NG ZHUO YANG WHILE the majority of businesses here will adhere strictly to new statutory requirements to award eligible fathers one week of government-paid paternity leave, Mercer has found that close to 30 per cent of them intend to
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    • 300 10  -  By MALMINDERJIT SINGH IT ended up being a storm in a chai cup. The Annual General Meeting of the Singapore Indian Chamber of Commerce and Industry (SICCI), which threatened to be a stormy affair due to recent internal differences, turned out to be
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  • MALAYSIA/INDONESIA
    • 725 11  -  US$2.9b acquisition to make M’sian firm world’s largest owner of tender rigs Reports by LYNN KAN [SINGAPORE] SapuraKencana Petroleum became the world’s largest owner of tender rigs after shareholders on Monday approved a US$2.9 billion acquisition of 18 rigs from Seadrill, owned by
      FILE PHOTO  -  725 words
    • 289 11 [SINGAPORE] The ability of SapuraKencana Petroleum, Malaysia’s largest oil and gas service company, to win jobs on its home turf will be “independent” of the political party in power after the Malaysian General Election, SapuraKencana Petroleum CEO Shahril Shamsuddin said. “The underlying driver of our
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    • 356 11 Reuters [SINGAPORE] Indonesia’s natural gas demand growth may accelerate from the current 10 per cent annual rate as South-east Asia’s largest economy aims to cut its subsidy expenditure by lowering dependence on expensive oil, the CEO of the nation’s top gas distributor said.
      Reuters  -  356 words
    • 497 11  -  By in PAULINE NG in Kuala Lumpur WOMEN may hold up half the sky but not as lawmakers in Malaysia. There will be 40 per cent more candidates running for office in Malaysia’s 13th General Election (GE) next week, but the
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  • Page 11 Advertisements
    • 61 11 LOOKING FOR A PLATFORM TO SHOWCASE AND PROMOTE YOUR PRODUCTS? ii M FOOD ELECTRONICS BAZAAR 2013 19-21 July 2013 Singapore Expo Hall 6 4th year running Attracting more than 120,000 visitors ft f r-«* BOOK NOW! booths available! For more information, please contact Ms Adeline Goh (9681 8289) gohtna@sph.com.sg Mr
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    • 30 11 SINGAPOREAN INDOPHILES Five locals who share a fondness for India, its culture and its food NORTH-EAST INDIA’S ‘MIRACLE MAN’ He builds 100km road in remote region GET YOUR COPY TODAY
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    • 84 11 JOIN THE (lumnow m PAY Oil EVENING FINALE IHOW^VlPM On 26 April, Singapore and more than 100 countries around the world come together to celebrate World Intellectual Property (IP) Day! Aimed to raise awareness of IP and how it enhances our daily lives, the day is also a meaningful occasion
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  • GREATER CHINA
    • 247 12 Bloomb erg [SHANGHAI] China overtook Germany and the US to become the world’s biggest source of tourists after the number of outbound trips taken by its citizens increased 18.4 per cent last year. Outbound travel from China climbed to 83.2 million trips last
      Bloomberg  -  247 words
    • 544 12 HKMA will increase size of its team to 22 to strengthen supervision Reuters [HONG KONG] Hong Kong’s banking regulator said yesterday it was doubling the size of its anti-money laundering team to strengthen supervision amid intensifying scrutiny of monitoring and compliance systems
      Reuters  -  544 words
    • 212 12 Reuters [HONG KONG] The Hong Kong Monetary Authority (HKMA) said yesterday it will launch an interbank reference rate for the offshore yuan market (CNH) in June, a long-awaited move that will facilitate the creation of more hedging options for those investing or trading
      Reuters  -  212 words
    • 431 12 Reuters [JIAXING, Zhejiang] Overcrowding on farms around Shanghai was the underlying factor that led to 16,000 dead pigs floating down the Huangpu river into China’s affluent financial centre, according to an analysis of official documents and interviews with farmers in the region.
      Reuters; PHOTO: REUTERS  -  431 words
  • Page 12 Advertisements
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  • INDIA
    • 570 13 Officials point to reforms to lower fiscal deficit and boost investments Reuters [NEW DELHI] The Indian government yesterday pitched for a rating upgrade at a meeting with ratings agency Standard Poor’s, a top finance ministry official said, citing steps taken by it to control
      Reuters; PHOTO: REUTERS  -  570 words
    • 455 13 Such a move would add liquidity to banking system Reu ters [MUMBAI] The Indian government’s hefty cash holdings, now parked at the central bank, may soon be deposited at commercial banks, according to sources with direct knowledge of the matter. Such
      Reuters  -  455 words
    • 342 13 Reuters [NEW DELHI] India’s Petronet LNG has signed an initial agreement with Houston-based United LNG to buy four million tonnes of liquefied natural gas (LNG) a year for 20 years, a senior Petronet executive said yesterday. India has been scouting for oil and
      Reuters  -  342 words
  • Page 13 Advertisements
    • 229 13 Fire AN ASME-LIANHE ZAOBAO AWARD Singapore Prestige Brand Award 13 Your Brand spirit i Come ignite your passion for branding and let the brilliance of your brand shine at Singapore Prestige Brand Award 2013. The distinguished Award, which provides the perfect platform to showcase sizzling brands, is revered by local
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  • ECONOMY WATCH
    • 757 14 Lawmakers call for biggest banks to set aside more capital to cover own losses WP [WASHINGTON] A pair of lawmakers want the nation’s largest banks to sock away more capital to guard against a fresh economic downturn, making them less dependent on government
      WP; PHOTO: AFP  -  757 words
    • 594 14 GDP up 0.9% from Q4 2012 after 0.3% rise in that quarter Bloomberg [SEOUL] South Korea’s economy grew the most in two years in the first quarter as the government frontloaded spending and exporters weathered the slide in the yen that aids
      Bloomberg  -  594 words
  • Page 14 Advertisements
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  • Page 15 Advertisements
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  • Page 16 Advertisements
    • 901 16 ASIA Hi Ml AW Asia Pacific Brands Award 2013 Dazzling Nails at Affordable Prices UNDER the umbrella of Richpoint Investment Int'l Holdings Pte Ltd are notable brand names such as Nail Palace one of Singapore's pioneer nail spa and salons, Sweet Talk- best known for its immensely popular bubble milk
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  • Page 17 Advertisements
    • 971 17 ASIA •^WARDfe^ Asia Pacific Brands Award 2013 9 a?. iiN > s hAAflA MUi orinu Pie Lt ly-,- ASIA it! :::f PACIFIC \?*J BIU NJDS M&, iMawarb* x t —fe —5 *r PR tt (A member of Singapore Vehide Ti ml With utmost sincerity, thank you for the support and
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  • Page 18 Advertisements
    • 701 18 5*ASIA PA( 'BA, KDSl^ Asia Pacific Brands Award 2013 Anjels Anjels Innovative Wireless Intelligent System It is our honour to be nominated at the Asia Pacific Brands Award 2013. Thank you for your continuous support. Anjels Intelligent Lifestyle ffl Smart Home Green Living Benefits t- Remote Control of Lights, Curtains,
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  • WORLD
    • 411 19 More than 6m people out of work; figures are worse than expected Reuters [MADRID] More than six million Spaniards were out of work in the first quarter of this year, raising the jobless rate in the eurozone’s fourth-biggest economy to 27.2 per
      Reuters; PHOTO: REUTERS  -  411 words
    • 882 19 Bloomberg [LONDON] Central banks, guardians of the world’s US$11 trillion in foreign-ex-change reserves, are buying stocks in record amounts as falling bond yields push even riskaverse investors toward equities. In a survey of 60 central bankers this month by Central Banking Publications and Royal
      Bloomberg  -  882 words
    • 656 19 AP [BASEL, Switzerland] In an age when many people carry smartphones that can tell the time on top of hundreds of other applications watch makers are increasingly focused on selling their goods as luxury items. The world’s biggest trade fair for watches, Baselworld, opened
      AP; PHOTO: BLOOMBERG  -  656 words
    • 661 20 Myanmar rings in SIM card sale lottery-style Re uters [YANGON] Introduced a decade and a half ago under Myanmar’s former military rulers, SIM cards sold for as much as US$7,000 apiece. Today, they still cost more than US$200. From yesterday, lucky winners of a lottery-style sale may get one for
      Reuters; PHOTO: REUTERS  -  661 words
    • 335 20 Bloomberg [LONDON] Unilever, the world’s second-biggest consumer goods company, reported the slowest quarterly growth in two years as demand in Europe was held back by weaker consumer confidence and sales of ice cream and spreads faltered. So-called underlying sales, which exclude acquisitions, disposals
      Bloomberg  -  335 words
    • 690 20 Reuters [NEW YORK] The boom in domestic oil and gas production has strengthened the hand of the US in global affairs and is having a profound impact on US security and foreign policy, President Barack Obama’s national security adviser said on Wednesday.
      Reuters  -  690 words
    • 638 20 Net income for year is probably 40b yen; asset sales, weaker yen boost earnings Bloomberg [TOKYO] Sony Corp, Japan’s biggest television maker, reported its first full-year profit in five years after selling assets and benefiting from a weaker yen that boosted overseas revenue.
      Bloomberg  -  638 words
    • 98 20 [LOS ANGELES] ‘Art Car No. 4’ by Andy Warhol on display ahead of the opening of Paris Photo here last Wednesday. The prestigious art fair dedicated to historical and contemporary photography which began in Paris in 1996 is taking place from today until Sunday at the Paramount Pictures
      PHOTO: AFP  -  98 words
    • 574 20 Higher structural costs tied to Europe overhaul, new cars Reuters [DETROIT] Ford Motor Co posted a higher-than-ex-pected first-quarter profit on the strength of its North American unit, but overall structural costs spiked as the company took steps to re-invest in its global
      Reuters  -  574 words
    • 267 20 Reuters AP [STOCKHOLM] World number two truck maker Volvo yesterday posted a surprise rise in orders intake amid signs key markets were pulling out of a slump that pushed its first quarter earnings to a deeper-than-expected fall. It announced yesterday that
      Reuters; AP  -  267 words
    • 690 22 GDP increases 0.3%, well above forecasts for a 0.1% rise; this is a relief for govt Reu ters [LONDON] Britain’s economy dodged a return to recession and grew faster than expected in the first three months of this year, providing some political
      Reuters; PHOTO: REUTERS  -  690 words
    • 469 22 Reuters [BRUSSELS] ECB policymakers rebuffed suggestions that Europe should ease up on austerity and said that while the central bank has room to cut interest rates, such a move would not necessarily help the economy much. European Central Bank vice-president Vitor Constancio
      Reuters  -  469 words
    • 627 22 Reuters [SAN FRANCISCO] Supply issues have snarled the US rollout of Samsung Electronics Co Ltd’s latest flagship smartphone, which will go on sale at carriers Sprint and T-Mobile later than expected, the wireless service providers said on Wednesday. Samsung attributed the
      Reuters; PHOTO: REUTERS  -  627 words
    • 289 22 Reuters [ANKARA] Turkey’s government sent a bill to parliament yesterday to reintroduce a “wealth amnesty” aimed at luring back funds held abroad by affluent Turks without punitive taxes and fines. Under the programme, Turks will pay just 2 per cent on eligible
      Reuters  -  289 words
    • 604 22 AFP [NICOSIA] With reces-sion-hit Cyprus facing an even deeper slump on the back of a draconian EU-IMF bailout, thousands of Asian housemaids, nannies and caregivers on the small Mediterranean island fear for their jobs and futures. For years, Filipina, Sri Lankan and Vietnamese
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    • 436 22 Firms may have to change accountant every 25 years Reuters [LONDON] Companies would have to change their accountant every 25 years under a tentative deal ahead of yesterday’s committee vote on a European Union audit market reform, two parliamentary sources involved in the talks
      Reuters  -  436 words
    • 635 23 This could appease concerns firm might be abusing its dominant market position AP [BRUSSELS] Google has agreed to change how it displays search results in Europe including a better labelling of its promoted content and displaying links to competitors to appease concerns it
      AP  -  635 words
    • 584 23 NYT [SEOUL] South Korea has given North Korea until today to respond to its proposal for dialogue or face a “grave measure” on the future of a jointly operated industrial complex that has been the only remaining symbol of economic cooperation between the two.
      NYT; PHOTO: AFP  -  584 words
    • 435 23 AFP [PARIS] Chinese researchers reporting in The Lancet have confirmed poultry as a source of the H7N9 flu among humans, but said that they found no evidence of person-to-person transmission. A probe into four cases of human H7N9 influenza in eastern
      AFP  -  435 words
    • 362 23 Bloomberg [ATHENS] Greece may draw a record number of more than 17 million tourists this year as fears of a euro exit dissipates and a decrease in the number of strikes helps the country’s image abroad, the head of the Athens-Attica Hotels Association
      Bloomberg  -  362 words
    • 283 23 AP [WASHINGTON] The US Federal Reserve has announced that it will begin circulating a redesigned US$100 bill in October, more than two years after its initial target. It has set a new target date of Oct 8. The redesigned note incorporates added
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  • Page 19 Advertisements
    • 361 19 KATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF WELL COMMERCIAL PTE LTD (Co. Registration No. *****0498N) (IN CREDITORS’VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the Members of the Company duly convened and
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    • 671 19 TENDER NOTICE (Open) On behalf of our Client, SINGAPORE NEWS PUBLICATIONS LIMITED, tender is invited for: Proposed Replacement of Existing Uninterruptable Power Supply (UPS) Unit Upgrading Works in SPH News Centre, 1000 Toa Payoh North. The project involves the replacement of an existing 160kVA UPS Unit and associated Isolation Transformer,
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    • 129 19 In the Matter of The Companies Act, Cap. 50 And In the Matter of TOUCH LIMOUSINE LEASING PTE. LTD. (IN LIQUIDATION) (Co. Reg. No. *****8307C) COMPANIES WINDING UP NO. 188 OF 2012/Z NOTICE OF MEETING OF CREDITORS Take notice that a meeting of creditors in the above matter will be
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    • 139 19 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SENTOSA COVE PTE LTD (In Members’ Voluntary Liquidation) Reg No.*****6920R NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the abovenamed Company
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  • Page 21 Advertisements
    • 2468 21 .Financial ResultsYear Ended 31 December 2012 SUMMARISED FINANCIAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2012 The following Financial Statements contain only a summary of the information in the full financial statements and directors’ reports of DBS Group Holdings Ltd and its subsidiaries (the Group) and DBS Bank Ltd (the
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  • Page 23 Advertisements
    • 135 23 m .^n /•■•I t I t) THEATRE Sunday Brunch at Edge Kick-off a lazy Sunday with Edge's extensive Sunday Brunch spread. Highlights include Alaskan King Crab, Japanese Scallops, a 'live' Roti Prata station. Black Angus Rib Eye, Pan Fried Foie Gras and fresh seasonal produce such as oysters and lobster.
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  • EDITORIAL & OPINION
    • 478 24 EDITORIAL WHILE some politicians and pundits in Washington have been beating the war drums in response to North Korean leader Kim Jong-un’s threats to fire nuclear missiles at the US mainland, Hawaii and Guam and at America’s allies in East Asia,
      478 words
    • 806 24  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent MY pleasure in visiting the family of a friend some years ago was somewhat alloyed by the fact that they had a relative who was in a rather advanced state of dementia and who, while
      806 words
    • 942 24  -  Countries in region should accept need for deeper, competitiveness-enhancing reforms By FEDERICO FUBINI The writer is an Italian award-winning author and financial columnist. He also wrote ‘Noi siamo la rivoluzione’ (‘We are the revolution’) HARLES P Kindleberger, the great economic historian, once noted that
      PHOTO: BLOOMBERG  -  942 words
    • 1434 25  -  Increased transparency, streamlining of processes and inter-agency coordination within Asean is key By SANCHITA BASU DAS The writer is an ISEAS fellow and lead researcher (economic affairs) at the Asean Studies Centre, Institute of South-east Asian Studies (ISEAS), Singapore. She is the editor of the forthcoming ISEAS
      PHOTO: AFP  -  1,434 words
    • 805 25  -  By BAN KI-MOON BILL GATES The writers are the secretary-general of the United Nations and the co-chair of the Bill Melinda Gates Foundation respectively FOR a child, receiving a vaccine takes just a moment (and perhaps a few tears). But such
      PHOTO: REUTERS  -  805 words
    • 62 25 PAKISTAN’S caretaker prime minister has appointed two people a new permanent secretary in the Finance Ministry and a little-known economics professor as his adviser on finance. In our article on Pakistan’s economy (‘Pakistan’s next govt faces tough economic challenges’, BT April 25) we reported only the permanent secretary’s appointment,
      62 words


  • Page 26 Advertisements
    • 137 26 Time is Money. We’ll make this brief THE BUSINESS TIMES StIM online at http;//www.bu«nc»liin«.ioni.sg Sftl A SINGAPORE PRESS HOLDINGS PUBLICATION CORKN MICA |P) *****7012 lundey, I $9°m kitty to help The Business Times BREAKING NEWS H:Maa S Kmc Slum trtot it ana 10-Mam inOenaaia'a icwwmyw grew62% In Ml* Wort) Bank
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  • S SPECIAL LUXURY LIVING
    • 1182 28 / 29  -  Getting the right mattress is crucial for a refreshing night’s rest By TRACY LEE-ELRICK JAPANESE author Banana Yoshimoto wrote: “People who go to bed early always complain that the night is too short, but for those of us who stay up all night, it can feel
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    • 925 30 / 31  -  More people are turning their bedrooms into functional living spaces for greater comfort By CHERYL TAY FOR most people, the bedroom is where you start and end the day. “It is the most private section of the house where the home owners let their defences
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    • 508 32  -  With its slew of lifestyle features, the adjustable bed is a pampering treat for the discerning By TEO KUAN YEE ADJUSTABLE beds are often associated with the healthcare industry. Popular in the United States, these beds are becoming popular here. At the flick of a button, you can
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    • 479 33  -  Let these luxury bedding products pamper and elevate you to new heights of indulgence and fine living Compiled by Teo Kuan Yee Gilded curves Meroni’s luxurious bedroom set comprises the California Lacquer Bed, California Lacquer Dressing Table and California Lacquer Wardrobe. Made with solid beech and maple wood,
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  • Page 28 / 29 Advertisements
    • 188 28 / 29 c? TEMPUR MATTRESSES AND PILLOWS Taking lifestyles to bed For your best night's sleep Feel comfort, feel support, feel TEMPUR® TEMPUR® material is temperature-sensitive, so it is soft where you want it and firm where you need it™. Whether you prefer a firmer or softer mattress, TEMPUR® has a perfect
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    • 14 28 / 29 fr m Sophia Flats t. (+65) 6336 0662 Park Mall t. (+65) 6352 7307
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    • 217 28 / 29 Tm Living U.S Made Sofa Bassett Broyhill LEXINGTON HOME BRANDS 1,999 U a I Rffl vie Plaza singapura 04 17, 68 orchard road, Singapore V- S? H £9 Posturepecfc Palatial Crest THE ULTIMATE IN SUPPORT t.nN T Your Assurance for Quality Your Indulgence for Luxury 5^ The Brand New Palatial
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  • Page 30 / 31 Advertisements
    • 132 30 / 31 'Englander 1 USA Since 1894 > BETTER SLEEP, BY DESIGN™ i Why Not Pamper Yourself? BRING HOME THE LUXURIOUS COMFORT OF THE ENGLANDER HOTEL COLLECTION TODAY AND ENJOY A 5-STAR SLEEPING EXPERIENCE EVERY NIGHT With purchase of Englander Hotel Collection mattress, you are entitled to 02 pcs Hotel Soft Pillows
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    • 100 30 / 31 BONALDO MADE IN ITALY u -1 i>. RTerrot Vita r <i.»“ A> T n Good Design Award Big Table Flag Razor Mille Round r tAI U -Squarring.Alto B Cubic Thin Good Cgesign Award □p*& Down Babel Kamar WHERE DESIGN M ATT E R S 3D Tree Clip THE EXECUTIVE HOME
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    • 136 30 / 31 @M£RONI YOUR DREAM HOME COMES TRUE "Sleep in Luxury with our finest European bedroom collections" 0 Praga (in Gold decoration) Mode in Spain A furniture series that takes its inspiration from Italian "Ottocento" neo-classicism, particularly developed in the Lombardy region, with cleaner, more defined lines that nonetheless retain the collection's
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  • Page 32 Advertisements
    • 172 32 iHZjPifzJ fZ$oA living UP TO RESORT&On% OUTDOOR 3 U OFF FURNITURE SALE m mmk m ii> A ft. Water Hyacinth Modern Resort t t m m Resin Banana Bark Park Mall #03-01 Tel: 6334 8928 ham to 9PM daily Tel: 6314 7747 wS™sVph“?am T to9pm Tel: 9 r 57 7
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  • Page 33 Advertisements
    • 166 33 LIVING LIFE FULLY CHARGED A BLACK A S i I Mr BLACK I BEYOND U./VU ij The luxury of the Simmons® Beautyrest Black® mattress takes on new levels of meaning and relevance as it pushes the detail boundaries, to achieve the ultimate comfort and rejuvenation in mind. With its carefully
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  • Page 34 Advertisements
    • 875 34 SING INVESTMENTS FINANCE LIMITED Incorporated in the Republic of Singapore Company Registration No. *****0348D IMPORTANT The financial information as set out below contains only a summary of the information in the financial statements of Sing Investments Finance Limited and the consolidated financial statements of the Group for the financial year
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    • 1905 34 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ZHONGMIN BAIHUI RETAIL GROUP LTD. (Registration No: *****1929C) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of Zhongmin Baihui Retail Group Ltd. (the “Company”) will be held at
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    • 517 34 IN THE MATTER OF THE COMPANIES ACT, CAP. 50, SECTION 291 (1) AND IN THE MATTER OF MANAGEMENTPLUS (SINGAPORE) PTE. LIMITED REG. NO. *****8122M STATUTORY DECLARATION BY DIRECTORS OF COMPANY’S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES The Registrar of Companies, Singapore I, Nigel David Stead of 56
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  • Page 35 Advertisements
    • 6382 35 ASPIAL CORPORATION LIMITED (Company Registration No: *****1030G) (Incorporated in the Republic of Singapore) NOTICE OF MEETING of the holders of S$85,000,000 5.00 per cent. Notes due 2015 (the “Series 1 Notes”) and S$65,000,000 4.50 per cent. Notes due 2014 (the “Series 2 Notes”) (together, the “Notes”, and each series of
      6,382 words

  • AVIATION/SHIPPING
    • 626 36  -  But lost productivity per trip for S’pore was US$525 versus US$662 globally By MARIA MALA YOGALINGAM BUSINESS travellers from Singapore are more susceptible to travel-related stress than the global average, a survey has found out. Singaporean respondents to the poll had four
      626 words
    • 786 36 NYT [NEW YORK] Boeing reported a first-quarter profit that topped analysts’ estimates and it said the recent problems with the lithium-ion batteries on its 787 Dreamliner jets would not keep it from hitting its profit and revenue targets for the year. Boeing’s shares
      NYT; PHOTO: REUTERS  -  786 words
    • 489 36 Bloomberg [WASHINGTON] Lockheed Martin Corp may receive orders in June for as many as 71 F-35 fighter jets, according to the Pentagon’s programme manager for the costliest US weapons system. “We believe we can have a negotiation settlement” by
      Bloomberg  -  489 words
    • 818 36 Bloomberg [HONG KONG] Billionaire Li Ka-shing moved yesterday to end a four-week strike at his docks in Hong Kong, hiring new workers to handle ships and giving a noon ultimatum for protesters to leave his building in the city’s Central District. The waiting
      Bloomberg; PHOTO: BLOOMBERG  -  818 words
    • 239 36 SGX '000 Apr 25 S$ +/-Vol CH Offshore 0.46 -0.01 114 Chuan Hup Hldg 0.27 unch 218 Cosco Corp 0.91 0.01 1904 S$ Ezra Hldgs 0.98 0.01 3903 First Ship Lea CH Offshore Freight Links 0.09 unch 4726 Grand Banks 0.34 -0.02 2 Jaya Hold Ltd 0.27 K1Ventures
      239 words
  • Page 36 Advertisements
    • 30 36 I SMAPORES 1 HOT “>rre!T WTS LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBOOK.COM/HOTFMSG 3* HOTFMSG
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  • 2708 37 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
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  • Page 37 Advertisements

  • Page 38 Advertisements
    • 81 38 Importers looking for Warehouse Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 SpotlightAward Wins Certifications Come publicise your Award Wins Certifications, Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment, Corporate Image, Corporate Developments and Company
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    • 0 38 ./|.\<;?.'?'}>!<"[`(<%/._'$/.]$
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  • SINGAPORE STOCKS
    • 3318 39 Transaction date: Apr 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 Company 5.8 3 A-Sonic --AAT Vol Day Last Quote (’000) High Low Buyer Seller Div Gr Yld C'vr 179 106
      3,318 words
    • 227 40 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Cooo) Day High Last Quote Low Buyer Seller Div Gr Yld C’vr Net M Cap P/E Smil 21.5 15 t
      227 words
    • 10482 40 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FundCl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mat Asia Limited Asian Local Ccy SD Bond 1.0089/ Asian Smaller Cos!" .2.0432/ EM local Ccy Bond 1 0242/ European Opportunities!" 1.1619/ Global Emerging
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    • 258 40 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A37.5co unch 13 37.5 37 37.5 38.5 3.6 9.3 3 97.7 50 30 Genting HK US$ US48.5 -1 5290 49 47.5 48 48.5 3193.5
      258 words
    • 957 40 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 136.8 120.4 CIMB APAC Div 100S$D 136.8 137.3 138.2 111.7 95.8 CIMB APAC Div 100US$ US109.2 111 111.8 11.5 1421 1246 CIMBASEAN40 100S$D 1421 1426
      957 words


  • FINANCE & COMMODITIES
    • 646 41 Apr 25 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.53 *****.26 *****.96 Jun13 *****.00 *****.00 *****.00 *****.00 *****6 *****5 Sep13 *****.00 *****.00 *****.00 *****.00 325 3968 MSCI TAIWAN INDEX FUTURES SPOT 288.46 288.71 287.13 Apr13 288.40 289.40 286.90 288.30 ***** *****9 May13 288.10
      646 words
    • 373 41 In local curr In S$ In US$ dy yr dy yr dy yr Apr 24 Index Change Change Change Change Change Change World Preliminary 1041.3 0.6 11.0 0.7 10.4 0.5 8.4 EAFE Preliminary 872.6 1.1 12.7 1.2 8.9 1.0 7.0 Europe Preliminary 1229.5 0.8 7.2
      373 words
    • 471 41 Apr 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.055 6.358 0.790 8.000 55.856 100.160 1.023 11.461 3.133 1.209 101.437 42.516 1.277 9.388 0.974 30.573 30.063 0.674 1.030 Canada 0.948 6.027
      471 words
    • 65 41 Apr 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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths SWAP Mid rates
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    • 139 41 Apr 25 GOLD(US$/oz) Apr 24 Apr 25 Hong Kong 1436.00 1453.50 Apr 23 Apr 24 London 1409.50 1424.02 1410.25 1425.08 Source: Thomson Reuters CAST BAR Apr 25 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130 58 5gm 369 288 10gm 658 576
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    • 86 41 Apr 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 25-Jul-13 0.24 6-Month BS*****W 18-Oct-13 0.25 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-13 100.09 5-Year N*****0T 2.375 01-Apr-17 100.06
      86 words
    • 57 41 Apr 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2313.0 2285.0 2320.0 2295.0 423 2980 Jun 13 2321.0 2296.0 2335.0 2313.0 1931 ***** Jul 13 2310.0 2289.0 2326.0 2302.0 ***** ***** Aug 13 2311.0 2285.0
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    • 156 41 Apr 25 Apr Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2764 1.2771 1.0302 1.0307 Canadian dollar 1.2100 1.2106 0.9770 0.9766 Euro 1.6157 1.6159 1.3040 1.3041 NZ dollar 1.0559 1.0566 0.8522 0.8527 Sterling pound 1.8941 1.8948 1.5287
      156 words
    • 108 41 Apr 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1404.00 1419.75 1426.00 1402.00 Jul 13 1345.25 1358.50 1364.50 1341.00 Aug 13 1285.50 1298.75 1305.00 1282.00 Sep 13 1226.00 1236.50 1240.00 1221.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13
      108 words
    • 94 41 Apr 24 COCOA (£/tonne) Close Prev High Low May 13 1551 1551 1563 1541 Jul 13 1550 1550 1563 1540 Sep 13 1557 1555 1569 1546 Dec 13 1557 1555 1567 1547 COFFEE(US$/tonne) Close Prev High Low May 13 1952 1979 1988 1946 Jul 13 1991 2011 2021 1983
      94 words
    • 1039 41 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Cooo) Conv Ratio Asiatravel.com HoldingsW*****7 1 1 25 15 Asiatravel.com HoldingsW*****5 1.3 1 27 39 BakerTech W*****5 16.5 -0.3 3554 1 27 -1 2.67 26 Best World Intl Ltd W*****5 2
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    • 70 41 CRUDE OIL PRODUCTS Apr 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.4 1.38 WTI (Near Mth) 91.6 2.59 Dubai (1-Mth F) 99.3 1.88 Tapis blend 104.8 1.73 Minas 100.3 1.73 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 90.72 0.28 Jet Kerosene 112.96 1.57 US$/barrel OpecOil Basket
      70 words
    • 22 41 Apr 25 S$ Bid Offer 1-month 1.2390 1.2391 2-months 1.2389 1.2391 3-months 1.2389 1.2392 6-months 1.2386 1.2394 Source: OCBC
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    • 67 41 Apr 24 Apr 24 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1880.75 1868.00 3 months 1911.00 1896.00 Copper, Grade A(US$/tonne) Cash 7000.75 6842.00 3 months 7030.00 6870.00 Lead(US$/tonne) Cash 2025.00 1994.50 3 months 2045.00 2015.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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    • 121 41 As at 9am Apr 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.307 1.245 Can dollar 1.234 1.187 Euro 1.655 1.577 Sterling pound 1.934 1.860 NZ dollar 1.078 1.037 US dollar 1.267 1.207 Local dollars to 100 units of foreign
      121 words
    • 157 41 Apr 25 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12
      157 words

  • PROPERTY
    • 1468 42 New York’s amended Loft Law is pitting the artistic residents of a former factory building against its landlord NYT [NEW YORK] THE ceiling of Mark Winkel’s apartment sprouts foam flowers as big as a man’s torso, several trapeze swings and a half-dozen chandeliers and
      NYT; PHOTO: NYT  -  1,468 words
    • 999 44 There are solid reasons for them to sell off big homes and seek smaller quarters Reuters WHEN Barbara and Mark Gomperts became empty nesters a few years ago, they found themselves using just a fraction of the 3,000-square-foot, five-bedroom house where they
      Reuters  -  999 words
  • Page 42 Advertisements
    • 160 42 D01 HOUSE FOR SALE PARADISE ISLAND Sentosa. Brand new condition Luxurious premier villa 8170/ ***** sf 6 ensuite. $21M. S.K. *****181 D04 HOUSE FOR SALE COVE DRIVE Cove Dr. *****/ 8035 sqft. Colonial style design. Can park up to 10 cars. 4 bdrms ensuite. Inground pool. Facing golf course. $33M
      160 words
    • 101 42 D10 HOUSE FOR SALE GARLICK AVENUE Prime Location! Garlick Ave. 10,000+ sqft. Good Class Bungalow. Freehold. Near Elite School/ MRT. Super good buy! Must view! Grab! D10 HOUSE FOR SALE HOLLAND Almost Sold! $23.XMillion. Holland Good Class Bungalow. Elevated. Land 15,200/9,000 sqft. Visit www.landedhome.com.sg Call RL 9109 4480 D10 HOUSE
      101 words
    • 110 42 D10 HOUSE FOR SALE SIXTH AVENUE Prime location. Prestigious Sixth Avenue. 341 sqm, 5-rm. Renovated. Near amenities, Top schools future MRT. Eileen Goh 9127 8538 D11 21 HOUSE FOR SALE BUNGALOW D.11 Rare Gem! Freehold Bungalow on Hill Top. 8500 sqft on high ground. Outdoor patio. Quiet. $16M neg. Agt
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    • 99 42 D11 21 HOUSE FOR SALE UNIVERSITY ROAD VICINITY 2½-storey Semi-d. Mins to SCGS Approx 3000 sf. Leasehold. Sharon 9757 5843 for appointment D11 21 HOUSE FOR SALE UPPER BUKIT TIMAH Rare! Bungalow plot Upper Bukit Timah. Land 5713 sqft. May sub-divide into 2 Semi-Ds. Call now! Jerry Lee HSR 8777
      99 words
    • 104 42 D16 HOUSE FOR SALE 18 TANAH MERAH KECHIL AVENUE 99 yrs. 3 sty inter terr. 5+1. 1647/ 2964 sf. East facing. Mins MRT/Expo/ Airport/Bedok mkt place. Michael Tan 9673 2301 D16 HOUSE FOR SALE FRANKEL ESTATE Detached Freehold Frankel Estate, 6+1, 2.5 sty 4300 sqft, wide frontage/ road, 8-yrs old,
      104 words

  • Page 43 Advertisements
    • 388 43 D19 HOUSE FOR SALE VERDANA VILLAS Don’t Miss! Verdana Villas S’goon Gdn. Newly TOP Cluster Semi-D. Pte pool and lift. Best Facing! D19 HOUSE FOR SALE VERDANA VILLAS Verdana Villas Serangoon Garden. Freehold, Private pool/ lift. 5+1 rooms. 4400 sqft. Asking $3.8Mil. Call for viewing. Wendy 9796 6069 D20 HOUSE
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    • 164 43 D04 APARTMENT FOR SALE CORALS AT KEPPEL BAY Corals at Keppel Bay 1/2/3/4 rm Penthses. Sea view, Sentosa, Vivocity. Register for VVIP Preview! D04 APARTMENT FOR SALE CORALS AT KEPPEL BAY Luxury Urban Marina Living 1/ 2/ 3/ 4 Penthouse but Limited 1-bdrms A 4-bdrms Penthouse unit. Registration now! D04
      164 words
    • 153 43 D09 APARTMENT FOR SALE FERRA Don’t Miss! Impending New Launch Leonie Hill. Sculpted by Renown Italian Master behind World Famous Iconic Supercars. From 732 sqft-2012 sqft D09 APARTMENT FOR SALE FERRA Ferrari Maserati Super Cars Lover. Iconic Design Build, 1st in Asia. Call Lim 9727 6111 for more details. D09
      153 words
    • 162 43 D10 APARTMENT FOR SALE REGENCY PARK Awarded interior renovation design, 3175 sf 3-rm, high flr, best/ excellent view, tenanted $12K. Ask $6.1M. Chris 9833 2020 D10 APARTMENT FOR SALE SOMMERVILLE PARK Sommerville Park 1946 sqft. 3+1 rms. Good facing. Unblocked. Full facilities. Near MRT/ amenities. Call Jimmy Yang 9066 6729
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    • 186 43 D13 APARTMENT FOR SALE E MAISON BRADDELL Freehold! 1 bdrm 570 sf, 3bdrm 1206 sf. Penthses 1615 sf. 130 units. Near landed props. Hurry! Call me now D15 APARTMENT FOR SALE AALTO Brand new! 3 bdrm (few units). 1443-1550 sf. Very high flr. Sea view. Fr $3.7M. Developer’s sale. D15
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    • 149 44 D17 APARTMENT FOR SALE OCEANFRONT SUITES Oceanfront Suites 946yr. Seafront lifestyle living Mins beach. 1 bdrm. Fr $596K. WM Wong 9091 0123 D18 APARTMENT FOR SALE TAMPINES COURT 1700 sqft Maisonette, Blk 119, high flr. 3+1 rms. Enbloc potential. Viewing by appointment. Hurry, Don’t miss! D19 APARTMENT FOR SALE A
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    • 106 44 D19 HOUSE FOR SALE ASTON GREEN Paya Lebar Crescent, Cluster house. 4069 sqft. Freehold, Semi-D. 5 bdrms. S/pool. Basement carpark. Viewing by appointment. D22 APARTMENT FOR SALE THE CENTRIS Rare Gem! The Centris 2rm, low capital, Yield 4+% Best stack, Well reno, high flr, TOP ’09, Strong rental demand. MRT/Mall.
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    • 111 44 D10 HOUSE FOR RENT PEIRCE ROAD Open house Sat/Sun 2-5pm. Peirce Road freehold GCB. 2½ storey, *****/ 7000 sf. 5 ensuite 2 living rooms pool. VTO. Also for Sale. Sole agent. D10 HOUSE FOR RENT ROCHALIE DRIVE Exclusive Bungalow. 2-storey, inground pool. *****+/ 4800+ sqft. 5 rms 1 maid’s rm.
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    • 108 44 D11 21 HOUSE FOR RENT DUNEARN ROAD Dunearn Road. Rebuilt. 6500/ 9500 sqft. 4 levels, with pool. Opposite MRT, Botanic Gardens. Rental $27K. 9863 5635/ 9727 2996 Owner D11 21 HOUSE FOR RENT LORNIE 18 Cluster bungalow with home lift. Fantastic layout. Resort style. 4600sqft. 4+1+1 rms. 2-year lease. 6296
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    • 108 44 D15 HOUSE FOR RENT 80 MEYER ROAD Cluster bunglw. Built-in 6500 sqft. 2-sty attic basement pool. Available immed. $17.5K. Also for sale. Owner 9863 5635 9727 2996 D16 HOUSE FOR RENT GUAN SOON 3 storey corner terrace Guan Soon (near airport/ Simei/ expo). 4+1 (ensuite). Park 3 cars. New renovation.
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  • Page 45 Advertisements
    • 134 45 D01 APARTMENT FOR RENT ONE SHENTON 3-bedrooms. 1604 sqft. Near CBD, MRT, balcony. Call/ SMS Joanne 8138 4508 D05 APARTMENT FOR RENT THE PEAK 4+1 maids 5500 sf. 2-sty w/ gdn. Extravagant living. Fantastic unblock sea view. F/ reno equipped kitchen, toilet. Elect window blinds. 9850 4499 D10 APARTMENT FOR
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    • 304 45 D15 APARTMENT FOR RENT THE SOVEREIGN Expat’s Choice! 4rm+ensuite. Spacious. High Floor, Sea View, Breezy. Newly renovated. Immediate. Stephanie Tok 8118 0707 D16 APARTMENT FOR RENT AQUARIUS 2+patio 1098sf. Reno. Full condo facilities, bright windy. Partial furn. Immed. Asking $3.2K. Near amenities. Shuttle to Tampines Bedok MRT. D18 APARTMENT FOR
      304 words
    • 215 45 D09 SHOP FOR SALE RIVER VALLEY Freehold River Valley shop. Prominent main road facing. 592 sf. $2.66M. Call Brandon Kuan 9889 9777 D14 SHOP FOR SALE LORONG 19 GEYLANG 3Sty Fhold shophse. Lor 19 Geylang. Next Pavilion Sq. Can redevelop to 8 sty. Plot ratio 2.8. Area: 5563 sq ft.
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    • 352 45 D19 SHOP FOR SALE SPAZIO KOVAN Freehold commercial from $21xx psf/ low quantum high yield. Hurry! Call Jimmy Ng 9671 0033 D19 SHOP FOR SALE SPAZIO KOVAN Freehold. New! 34 shop units Main rd Good rental potential. MRT, S’goon, NEX. Water Point Suits most trade. Fr $8xxK. Anthony Tan 9737
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    • 289 45 D14 FACTORY FOR RENT PAYA LEBAR 9,000/ 19,000 sqft per floor. 15kn high power. Ceiling Height: 5 or 6m. Minutes walk to MRT good location. Dominic 9825 2101 Savills FOREIGN PROPERTY FOR SALE APARTMENT IN THAILAND Exclusive insights on Central Bangkok Condo. 27-28 April Hilton Hotel. Call Karen 8138 2125
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  • WINE
    • 1163 46  -  Wines are not just aged in barrels in the cellars of their domaines but also in the storage spaces of patient wine lovers, writes NK YONG writesNK writesNK YONG I AM addicted to old wines. Each time I experience one, I am astonished anew.
      PHOTOS: AFP, NK YONG  -  1,163 words
    • 663 46  -  By DEBBIE YONG THE enjoyment of a good bottle of bubbly needn’t always be bogged down by serious discussions and an academic obsession with tasting notes. Such is the line of thought behind the Sabre D’or, a prestigious French champagne appreciation society
      PHOTOS: SABRE D'OR, FILE  -  663 words
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  • ARTS
    • 851 47  -  CT scanning is used to peel off every layer of a mummy, without touching the exhibits, writesNATALIE writesNATALIE KOH MUMMIES will always find an audience in any country. Having them in an exhibition is usually enough to garner a whole lot of attention, but the
      PHOTOS: ARTSCIENCE MUSEUM  -  851 words
    • Around Town
      • 200 47 Soundwaves art exhibition: Here’s an exhibition for both music and art lovers: British artist Tim Wakefield is back in Singapore to showcase his art works which combine music with technology. He has created “soundwave” art inspired and signed by prominent musicians such as Eric Clapton, Alice Cooper and The
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      • Article, Illustration
        118 47 Crossings 2013: The Nanyang Academy of Fine Arts’ dance department will put on their annual production of Crossings, which features their graduating cohort and other students in its Diploma in Dance programme. The performance will also showcase works choreographed by students who took the programme’s final year Composition modules.
        PHOTO: NAFA  -  118 words
      • Article, Illustration
        253 47  -  Compiled by by SARA YAP The Vox Experiment: Check out classical string reinterpretations of rock and pop tunes by musicians like Nirvana, Adele and Snow Patrol, at this showcase by local pop-rock string quartet The Vox Experiment. All four members of the ensemble are classically trained and have played
        253 words
    • 952 48  -  Two non-religious artists are inspired by Buddha’s exhortation to take the path that is furthest from extremes. Their Buddhist-accented works inspire calm and contemplation, writes HELM I YUSOF writesHELMI writesHELMI YUSOF WHEN Nguyen Tuan was growing up in Hai Duong, a city located in the
      PHOTOS: NAOKO TOSA, LEE WOON HOE; PHOTO: LEE WOON HOE  -  952 words
    • 925 48  -  By NATALIE KOH IF you had ever wondered what it’d be like climbing up Mount Everest, but never had the guts, or endurance, to do it, here is your chance to catch a glimpse of the magnificent view from the world’s highest mountain. Six months
      PHOTOS: VALERIE BOFFY, KARINE MOGE, R ROLLINS  -  925 words
    • 842 49  -  Heirlooms of the princely family of Liechtenstein are shipped to the world as a form of diplomacy through art, previews CHEAH UI-HOON previewsCHEAH previewsCHEAH UI-HOON JUST like momand-pop stores are threatened by chain supermarkets, so small and private museums are struggling to survive, as they
      PHOTOS: HOUSE OF LIECHTENSTEIN  -  842 words
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    • 31 47 Srihadi (Moment of Contemplation) Buyer’s Premium: 12% 18% Wu Guanzhong (Willow Tree) Affandi (Horse And The Sun) Ju Ming (Taichi) Li Shan (Rouge Series) Ju Ming (Taichi-Arch) Chen Wen Hsi (Gibbons)
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  • Page 48 Miscellaneous
    • 331 48 CRYPTIC CROSSWORD Across 1 Drink that lacks body (6) 9 Jack’s answer: ‘Pardon?’ (10) 10 Epidemic requires change, taking steps (10) 11 A young animal backed into insect(4) 12 Mount comeback for four members of Italian team (4) 14 Telegraph covering left-wing-er with sex appeal it’s to be admired (10)
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  • MUSIC/ARTS
    • 757 50  -  The founder of the latest brick-and-mortar vinyl-only music store says the format is far superior to CDs or MP3s, writes DYLAN TAN writesDYLAN writesDYLAN TAN WHEN a passer-by saw the wall-to-wall collection of vinyls in the newly opened Hear Records while it
      PHOTOS: HEAR RECORDS  -  757 words
    • 778 50  -  By SARA YAP MUSIC fans who like checking out new acts will have plenty to look forward to at the upcoming Baybeats music festival in June; with 14 all-new foreign bands taking to the stage, alongside a mix of upcoming and veteran local musicians. Back for
      PHOTO: ESPLANADE  -  778 words
    • 608 50  -  By CHEAH UI-HOON IT should have felt disjointed, but Philippe Decoufle’s Octopus last week so named because the whole performance consisted of eight parts which didn’t form a narrative was one slick show where all its parts culminated in a glorious whole. The creature that
      PHOTO: AP  -  608 words

  • CINEMA
    • 630 51  -  After the blockbuster The Avengers Tony Stark’s solo superhero seems trite and tested, reviewsDYLAN DYLAN TAN CALL it The Avengers effect but Marvel fans might feel a little shortchanged by Iron Man 3. There was a time when the Robert Downey Jr vehicle
      PHOTOS: WALT DISNEY CO  -  630 words
    • 579 51  -  EU FILM FESTIVAL PREVIEW By DYLAN TAN THERE will be a touch of Singapore in the upcoming 23rd European Union Film Festival (EUFF), courtesy of Zoe Tay who has a role in the opening film, Mister John. Irish Ambassador Joe Hayes said the Irish-Singaporean
      PHOTOS: EUFF, FILE  -  579 words
    • 588 51  -  By GEOFFREY EU YOU just can’t make this stuff up. Searching for Sugar Man is a story part heartwarming tale, part musical puzzle that both defies belief and reaffirms the existence of a greater power out there someone whose purpose is to ensure that good
      FILE PHOTO  -  588 words

  • executive lifestyle
    • 1973 52  -  Political art seems more permissible when it is ambiguously or tastefully done, but not when it is in-your-face, writes HELM I YUSOF writes HELMI YUSOF I N the Singapore Art Museum (SAM), there is a portrait of Mr Lee Kuan Yew made entirely of shampoo
      PHOTOS: SINGAPORE ART MUSEUM, VALENTINE WILLIE FINE ART, FILE  -  1,973 words
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