The Business Times, 3 May 2013

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Microfilm: NL32575
Total Pages: 42
1 44 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Spi A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Friday, May 3, 2013
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  • Article, Illustration
    Lock icon S’pore joins Asia’s hard trek towards recovery
    739 1  -  PMI slips in S’pore, China and India as manufacturing sector remains fragile By TEH SHI NING [SINGAPORE] The Republic’s purchasing managers’ index (PMI) signalled growth for a second straight month in April despite falling from March. The uneven path it has charted in
    Source: Singapore Institute of Purchasing & Materials Management (SIPMM)  -  739 words
  • Article, Illustration
    Lock icon Squabbling SIA team on Alpa-S disbanded
    625 1  -  After year of strife, 20-member panel had called for its own dissolution By NISHA RAMCHANDANI [SINGAPORE] Following nearly a year of strife and infighting, the committee of the Singapore Airlines (SIA) branch of the Airline Pilots Association-Singapore (Alpa-S) has been disbanded after the 20-member
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      66 1 GST INDEX 3,402.39 (+34.21) GST INDEX FUTURES 3,382.00 (+34.00) GSIMSCI 386.20 (+3.59) GSIMSCI FUTURES 384.20 (+4.00) FOREX US$ S$ US$ (S$ per US$) 1.234 (US$/S$ per 1.556 1.920 EURO (US$/S$/€ 1.317 1.624 Foreign currency per US$ S$ YEN 97.30 78.80 RM 3.056 2.477 HK$ 7.759 6.289 BAHT 29.39 23.82
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    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,713.46 -4.19 NIKKEI 225 13,694.04 -105.31 HANG SENG 22,668.30 -68.71 SET INDEX 1,589.19 -8.67 JAKARTA COMP 4,994.05 -66.87 MANILA COMP 7,093.42 +22.43 SEOUL COMP 1,957.21 -6.74 SHENZHEN B 808.99 -1.56 MUMBAI IND 19,735.77 +231.59 12noon EDT Change DOW 14,823.15 +122.20 NASDAQ 3,337.86 +38.73
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE MALAYSIA MALAYSIA 6.55 INDONESIA 5.00 INDONESIA 13.257 KOREA 5.036 JAPAN US KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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      104 1 LAW Rajah Tann ties up with Indonesian firm COMPANIES DBS, UOB post record Q1 profit PAGE 5 ARTS Arts Fest to be like three-Michelin star meal PROPERTY GuocoLand unveils Tanjong Pagar plans PAGE 34 PAGE 41 PAGE 10 Rain of music from the cloud EXECUTIVE LIFESTYLEIPAGE 38 BT PROPERTY CLASSIFIEDS
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      2 1 *****1 *****4
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  • TOP STORIES
    • Article
      Lock icon All three local banks’ Q1 results better than forecast
      837 2  -  Double-digit loans growth, robust asset quality underpin strong performance By SIOW LI SEN [SINGAPORE] The three local banks posted better-than-expected first-quarter 2013 results, as margin pressure began easing and a strong boost came from higher fee and commission income or non-lending
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    • Article
      Lock icon Qatar National unseats OCBC as strongest bank
      762 2  -  By LEE MEIXIAN [SINGAPORE] The Republic is no longer home to the world’s strongest bank, according to Bloomberg Markets Magazine’s third annual ranking of the World’s Strongest Banks released yesterday. The rankings showed Qatar National Bank (QNB) supplanting Singapore’s OCBC from the number
      762 words
    • Article
      Lock icon Europe expected to ease off on severe austerity
      567 2  -  By NEIL BEHRMANN in London EUROPEAN leaders are expected to tail back severe austerity in the coming months, in the hope that a more relaxed policy combined with monetary ease will lift member states from stagnation and recession. As was widely expected,
      567 words
    • Article
      Lock icon Correction
      60 2 DUE to an editing error, our report “Yangon taps expertise of Singapore lawyer” (BT, May 2) said that lawyer Jude Benny will be based in Yangon. Mr Benny will in fact work with the Myanmar maritime authorities in Yangon as a consultant while still being based in Singapore, where
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    • Article
      Lock icon THREE-MINUTE DIGEST
      494 2 S’pore joins Asia’s hard trek towards recovery SINGAPORE’S purchasing managers’ index signalled growth for a second straight month in April despite falling from March. The gauge of manufacturing activity slipped to 50.3 in April after rising to 50.6 in March, due to slower growth in both domestic and
      494 words
    • Article
      Lock icon Investment banks can reap high ROEs with right models: BCG
      713 2  -  By MICHELLE QUAH [SINGAPORE] Regulatory changes to the capital markets and investment banking industry since 2008 have meant a substantial reduction in returns on equity (ROEs) for players, and investment banks will need to choose the right business model if
      713 words
    • Article
      Lock icon Union presses its case in Segamat duel
      547 4  -  It seeks ouster of BN minister over Maybank’s bid to form in-house union BATTLE FOR PUTRAJAYA By S JAYASANKARAN in Kuala Lumpur SINCE Wednesday, around 200 labour unionists in red T-shirts have been engaged in daily demonstrations in the town square of Segamat,
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    • Article, Illustration
      Lock icon Non-party candidates at a disadvantage
      568 4  -  By PAULINE NG in Kuala Lumpur MANY voters in Malaysia are ignoring the candidate of their choice to vote along party lines. This could work against independent candidates as the incumbent Barisan Nasional (BN) takes on opposition alliance Pakatan Rakyat (PR) in Sunday’s high-stakes battle.
      PHOTO: AFP  -  568 words
    • Article
      Lock icon Close fight could be worrying for investors
      380 4  -  REUTERS BREAKINGVIEWS By ANDY MUKHERJEE MALAYSIA’S upcoming general election looks set to be a close-run affair. The big risk for investors from the May 5 poll is that neither of the two competing coalitions the ruling Barisan Nasional (BN) or the opposition Pakatan
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      101 3 Breguet, the innovate Invention of the Tourbillon, 1801 With the Classique “Grande Complication” Tourbillon Messicfor wristwatch, Breguet reinvents its most spectacular invention, the tourbillon, designed to compensate for the effects of gravity. Held between two sapphire crystals, the tourbillon floats weightless inside its carriage, while the sapphire dial offers a
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      86 4 33 MODERN and contemporary 33 ASIAN ART EVENING SALE auc-Son SINGAPORE I SUNDAY 5 MAY 2013, 7:30PM Buyer's Premium: 12% 18% c x A 15^ \x 'X ts v m Wu Guanzhong j SI v* L ft \Y Chen Wen Hsi I ixf Li Shan UJ I Srihadi Soedarsono '*!<■
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      178 4 ESPLANADE PRESENTS C£c CL66LC < r- 7 W% Chanticleer. Grammy Award winning vocal ensemble Chanticleer is known around the world as “an orchestra of voices” for the seamless blend of its 12 male voices ranging from counter-tenor to bass and its original interpretations of vocal literature. esplanade 15 (Hay 2013,
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon DBS surprises with 2% rise in Q1 profit
      737 5  -  Record earnings of $950m beat expectations; total income up 7% By NISHA RAMCHANDANI SHARES in DBS Group Holdings surged to a near five-year high yesterday after it beat expectations to post a 2 per cent year-on-year rise in net profit to a
      Source: Bloomberg; PHOTO: BLOOMBERG  -  737 words
    • Article, Illustration
      Lock icon UOB Q1 net earnings hit record $722m
      603 5  -  4.9% increase on higher fee income, strong loan growth By SIOW LI SEN UNITED Overseas Bank has posted better-than-ex-pected first-quarter 2013 net earnings of $722 million, up 4.9 per cent, on higher fee income and strong loan growth, offset by lower margins. Against
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    • Article, Illustration
      Lock icon Genting S’pore Q1 net dives 44%
      480 6  -  Gaming revenue down 20% as premium players score more wins By TEO SI JIA GENTING Singapore’s first-quarter net profit attributable to shareholders plunged 44 per cent to $115.9 million, from $205.5 million a year ago. Including minority interests and $29.07 million attributable to holders
      PHOTO: REUTERS  -  480 words
    • Article
      Lock icon Ascott Reit buys properties in China and Japan
      340 6  -  By ANGELA TENG ASCOTT Residence Trust (Ascott Reit) yesterday announced that it has entered into conditional agreements to buy three prime serviced residences in China and a portfolio of 11 rental housing properties in Japan. The total cost: $287.4 million. Ascott said
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    • Article
      Lock icon Forterra slides into $16.9m loss due to mall revamp works
      410 6  - Forterra slides into $1 6.9m loss due to mall revamp works By MINDY TAN FORTERRA Trust posted net loss attributable to unitholders of $16.9 million for the first quarter ended March, reversing from a $7.7 million net profit a year ago. Gross revenue for the three months under review was
      410 words
    • Article
      Lock icon Sing Inv’s Q1 profit falls 22% to $2.4m
      358 6  -  By ONG CHOR HAO PROFITS at Sing Investments and Finance fell 22 per cent year-on-year to $2.4 million in the first quarter of its fiscal year, as interest margins continued to compress and a net allowance was made for loan losses. For
      358 words
    • Article
      Lock icon Croesus Retail Trust offers 229m units in IPO
      446 9  -  By MINDY TAN CROESUS Retail Trust (CRT) is offering 229.12 million units to institutional and retail investors at 93 cents per unit in a mainboard initial public offering (IPO). The size of the public offer is 21.5 million units, representing about 9.4
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    • Article
      Lock icon Online investors still slow to embrace 2FA security system
      404 9  -  By KENNETH LIM ADOPTION of two-factor authentication (2FA) remains frustratingly slow among Singapore’s online investors, and the operator of a national 2FA service is easing its registration process to hasten the take-up, Assurity Trusted Solutions said. There are currently seven brokers
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    • Article
      Lock icon Elec & Eltek Q1 net slips 28%
      238 9  - Elec Eltek Q1 net slips 28% By CARINE LEE ELEC Eltek International yesterday said its net profit for the first quarter ended March 31 fell 28 per cent year-on-year to US$4 million from US$5.55 million. Turnover slipped 5 per cent to US$115.76 million from US$122.06 million a year earlier, with
      238 words
    • Article, Illustration
      Lock icon Rickmers hopes to begin growing business again
      600 9  -  It sees exit from creditor curbs before the end-2014 time frame By LYNN KAN WITH its maiden rights issue angling to raise $98.5 million, Rickmers Maritime is hoping to exit financial restrictions placed on it by its creditors before the end2014 time frame
      Source: Maersk Broker  -  600 words
    • Article
      Lock icon Ezra unit wins Statoil’s Norwegian contract
      249 9  -  By GRACE NG EMAS AMC, the subsea services arm of Ezra Holdings Limited, has secured a contract from Statoil for the Smørbukk South Extension project in the Norwegian Sea. Valued at approximately US$75 million, the project award is a SURF (subsea construction, umbilicals, risers
      249 words
    • Article
      Lock icon Bharti Q4 profit slumps 50%
      295 9 Reuters [NEW DELHI] Bharti Airtel Ltd reported a 50 per cent fall in quarterly profit that capped the third straight year of declining earnings at India’s top telecommunications carrier. Bharti Airtel, the world’s fourth biggest cellular carrier by customers, said net profit fell to 5.09
      Reuters  -  295 words
    • COMPANY BRIEFS
      • Article
        Lock icon Lippo Malls Trust posts 29% rise in Q1 DPU
        74 9 LIPPO Malls Indonesia Retail Trust reported a 29.6 per cent increase in distribution per unit to 0.89 cents, from 0.69 cents a year ago, for the first quarter ended March. Distributable income for the period rose 30.7 per cent to $19.6
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      • Article
        Lock icon Oxley Holdings posts 142% jump in Q3 earnings
        81 9 MAINBOARD-LISTED Oxley Holdings saw net profit attributable to shareholders jump 142 per cent to $13.2 million, from $5.4 million a year ago, for the third quarter ended March. Revenue rose 47 per cent to $70.6 million. Earnings per share were 0.45 cents,
        81 words
      • Article
        Lock icon China Auto becomes Acma from next Monday
        45 9 CHINA Auto Corp yesterday said that the company’s shares will trade under the counter’s new name, Acma Ltd, from Monday, May 6. The name change was approved by shareholders at an extraordinary general meeting held on April 30.
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      • Article
        Lock icon Innopac secures 42.5% acceptance in Merlin offer
        56 9 MAINBOARD-LISTED Innopac Holdings Ltd’s proposed takeover offer to acquire Merlin Diamonds, a diamond mining and exploration company listed on the Australian Stock Exchange, has garnered acceptances representing 42.52 per cent of Merlin’s issued and paid-up share capital in a little over one month
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      77 5 There is one policy we hold above all. Honesty. Actual Yield: Endowment Actual Yield: Whole Life We feel it’s important to be open and transparent about how your money is doing. That’s why we’ve been publishing our annual yields for seven years. ntuc income made different IMPORTANT NOTES 1 Yields
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      228 6 AN ASME-LIANHE ZAOBAO AWARD Singapore Prestige Brand Award 13 Fire Up Your Brand Spirit Come ignite your passion for branding and let the brilliance of your brand shine at Singapore Prestige Brand Award 2013. The distinguished Award, ch provides the perfect platform to showcase sizzling brands, is revered by local
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      51 7 i v'M i |l ji S r I Li IT -a NOW OPENING IN SINGAPORE Exhibition till Mid July 2013 Hours Tues-Sat 11 am-6pm Venue Gallery 3, Artspace@Helutrans, Level 2, Tanjong Pagar Distripark, 39 Keppel Road NEW YORK I SEOUL I SINGAPORE I T +65 6235 5471 I hudsonfurniture@hudson-sg.com I
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon DBS, UOB propel STI to new highs
      605 8  -  Index jumps 34 points to close at five-year peak; year to date, it’s up 7.4% STOCKS R SIVANITHY Senior Correspondent BETTER-than-expectedfirst quarter earnings reported by DBS and a large push on Genting Singapore and UOB presumably also because of earnings considerations yesterday propelled
      Source: Bloomberg  -  605 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 May 2 VALUE CLOSE BT OB/OS -10.00 +31.00 BT CADI -*****.00 -25.00 BT 10-day MA -*****.00 -1.00 FTSE ST Mid Cap 835.98 -2.53 FTSE ST Small Cap 588.89 -1.37 FTSE ST All Share 836.99 +5.90 FTSE ST China Top 216.51 +0.14 FTSE ST China 245.85 +0.84 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      60 8 VOLUME SingHaiyi 191,036,000 Genting SP 131,710,000 Thai Beverage 111,467,000 WE Hldgs 103,223,000 Albedo 72,766,000 Armarda 60,509,000 Golden Agri 47,199,000 MDR 47,054,000 P99 Hldg 46,742,000 Noble Grp 39,425,000 VALUE($) Genting SP 211,995,975 DBS Grp 187,950,590 SingTel 139,346,300 Keppel Corp 76,759,365 Thai Beverage 68,380,165 UOB 65,592,680 OCBC Bk 53,940,516
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 3 0 0 0 6 6 3 Manufacturing 42 66 42 5 5 17 47 71 59 Commerce 20 32 14 8 5 3 28 37 17 Tpt/Stor/Comms 14 15 12
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon OCBC Bank
        284 8 May 2 close: $10.92 DBS Group Research, May 2 NET interest margins (NIM) remained under pressure as expected, from lower asset yields, reduced gapping opportunities and mortgage re-pricing from the previous pipeline. Non-interest income was driven by brokerage and wealth management, but offset by lower insurance contribution and
        Source: Bloomberg  -  284 words
      • Article
        Lock icon SMRT Corporation
        116 8 May 2 close: $1.415 CIMB Research, April 30 SMRT’s FY2013 profit missed expectations as cost inflation outpaced revenue growth. Margin pain will persist until SMRT moves to a more sustainable business model. Until then, not only are profits at risk, so are dividends. Dividend payout was cut to
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      • Article
        Lock icon Global Premium Hotels
        476 8  -  Compiled by CAI HAOXIANG May 2 close: $0.255 OCBC Investment Research, April 30 GLOBAL Premium Hotels (GPH) performed in line with our expectations in Q1 2013. Revenue fell 2.1 per cent to $14.6 million and gross profit declined 2.9 per cent y-o-y to $12.6 million. Interest expense
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 35,651 35,651 118,714 118,714 Manufacturing 370,409 179,867 550,276 267,004 17,104 284,108 Commerce 155,234 192,088 347,322 138,931 11,839 150,770 Tpt/Stor/Comms 190,356 16,252 206,608 291,676 6,284 297,960 Finance 65,564 349 65,913 338,625 168 338,793 Construction 68,892 10,706
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 2.090 -0.010 CapitaLand 3.730 -0.010 CapitaMall 2.320 CityDev 11.260 ComfortDelGro 2.010 +0.025 DBS Grp 17.520 +0.760 GLP 2.770 +0.010 Genting SP 1.610 +0.075 Golden Agri 0.520 -0.010 HK Land 7.400 +0.140 HPH Trust US$ 0.825 -0.005 JMH 65.000 +0.070 JSH 39.290
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    • Article, Illustration
      Lock icon Ringgit eases before election; peso down
      462 8 CURRENCIES Reuters [SINGAPORE] The Malaysian ringgit fell yesterday as investors cut bullish positions ahead of the weekend general election, while most emerging Asian currencies edged down on worries about a global economic slowdown. The Philippine peso and the South Korean won turned lower as
      Reuters; PHOTO: THE STAR  -  462 words
    • Article
      Lock icon RISES
      116 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 252.9 1.8 DBXT AUD Bonds 5AU$ ***** 220.9 0.9 IS S&P500 ***** 122.1 0.6 DBS Grp 1752 76.0 4.5 DBS.ES.1305 1751 70.0 4.2 UOB 2200 65.0 3.0 Hyflux 6% CPS 10 ***** 60.0 0.6 UOB.ES.1305 2194 58.0 2.7 Lyxor MS India
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    • Article
      Lock icon FALLS
      122 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -176.4 -1.0 SPDR DJIA 10US$ ***** -96.2 -0.5 Venture Corp 755 -77.0 -9.3 Jardine C&C 4812 -58.0 -1.2 DBXT FTChina25 10US$ 2821 -39.5 -1.1 CIMBAsean40 100US$ 1152 -24.7 -1.7 UOB 5.05%NCPS 100 ***** -15.0 -0.1 Keppel Corp 1059 -12.0 -1.1 Parkson 153
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      92 9 WWW.LIVEMINT.COM O I STARTED MY FIRST BUSINESS AT THE AGE OF 18 O I STUDIED AT HARVARD BUSINESS SCHOOL 0 I HAVE A NET WORTH OF AROUND USD 11 BILLION mmtasia Weekly Analysis ot the Indian Econnmy and Markets WHO AM I? IN 2013-14 IBS AHEAD WHEN IT COMES TO
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon More S’porean crane operators needed: Khaw
      454 10  -  Sector must rely less on foreigners as BTO plan is ramped up By ONG CHOR HAO NATIONAL Development Minister Khaw Boon Wan said there is a need for more Singaporean crane operators, as the government ramps up its Built-to-Order (BTO) programme. He wrote on
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    • Article
      Lock icon Motorbike’s switch to electric may cost $3,500, or less
      425 10  -  NUS feasibility work may have potential for big business By NG SAI YING A SIMPLE school project on the feasibility of large-scale conversion of motorcycles from petrol to electric propulsion may end up with huge potential for commercialisation. Carried out by
      425 words
    • Article
      Lock icon Rajah & Tann ties up with Indonesian law firm
      603 10  - Rajah Tann ties up with Indonesian law firm Assegaf Hamzah, a leading corporate law firm, is fourth largest in country By GRACE LEONG RAJAH Tann LLP, already the largest law firm in Singapore and the region, is another step closer to becoming a South-east Asia practice through a tie-up with
      603 words
    • Article, Illustration
      Lock icon Singapore a big draw for global retail brands
      490 10  -  It ranks second in Asia-Pacific after Hong Kong By FELDA CHAY HIGH retail rents have not stopped Singapore from emerging among the top three Asia-Pacific locations for global retailers to set up shop. Singapore is the second most popular location for them,
      PHOTO: YEN MENG JIIN  -  490 words
    • Article
      Lock icon PacificLight starts commissioning power station
      500 10  -  BY RONNIE LIM SINGAPORE’S newest genco, now renamed PacificLight Power, has started commissioning its S$1.2 billion, LNG-fuelled 800-mega-watt power station on Jurong Island, and will ramp it up to full commercial operations by this Novem-ber-December. Disclosing this yesterday, CEO Yu Tat Ming said that “as
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon Chinese Foreign Minister here on two-day visit
        85 10 CHINA's Foreign Minister Wang Yi is in Singapore for a two-day visit, which began yesterday. On his first official visit here as Foreign Minister, Mr Wang will call on Prime Minister Lee Hsien Loong; Deputy Prime Minister, Coordinating Minister for National Security and
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      • Article
        Lock icon Public consultation on draft Companies (Amendment) Bill
        106 10 THE draft Companies (Amendment) Bill 2013 is open for public feedback from May 2 to June 14, 2013. The draft Bill consists of recommendations drawn up by the Steering Committee for the Review of the Companies Act, which were accepted by the Ministry
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    • Article
      Lock icon Changes in leadership at MFA, IDA come June
      265 10  -  By JOYCE HOOI MOVEMENTS at the top are afoot for two government bodies. Foreign Affairs Permanent Secretary Bilahari Kausikan will retire at the start of June, while the Infocomm Development Authority of Singapore (IDA) will see new leadership come June 10. Mr
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Slowest growth in 2 years looms for Indonesia
      606 11 Tougher for govt to cut fuel subsidies to curb deficit, boost infrastructure outlay Bloomberg [JAKARTA] Indonesia’s economy probably expanded near the slowest pace in more than two years last quarter as a decline in commodity prices hurt exports, adding to signs of
      Bloomberg; PHOTO: REUTERS  -  606 words
    • Article
      Lock icon S&P cuts outlook on Indonesia debt to stable
      317 11 Bloomberg [JAKARTA] Standard Poor’s has cut its rating outlook on Indonesia’s debt to stable from positive, saying a stalling of reform momentum and a weaker external profile have reduced the chance of an upgrade over the next 12 months. S&P maintained its
      Bloomberg  -  317 words
    • Article
      Lock icon Ekuinas gets RM600m more from KL govt
      389 11 [KUALA LUMPUR] Malaysian govern-ment-linked private equity firm Ekuiti Nasional Bhd (Ekuinas), which had tripled its investments to RM1.5 billion (S$606 million) as at December 2012 from three years ago, has received an additional RM600 million from the government to invest this year, according
      389 words
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      83 11 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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  • CHINA
    • Article, Illustration
      Lock icon Record crowd helps Sands China Q1 profit jump 63%
      545 12 Business and cash flows continue to grow consistently, says CEO Adelson Bloomberg [HONG KONG] Sands China, the Macau casino operator controlled by billionaire Sheldon Adelson, posted a 63 per cent jump in first-quarter profit as it drew a record number of
      Bloomberg; PHOTO: REUTERS  -  545 words
    • Article
      Lock icon Home prices in China continue rising in April
      342 12 Reu ters [BEIJING] Average home prices in China’s 100 biggest cities rose in April from the previous month, the eleventh straight month-on-month rise, a private survey showed yesterday, raising the risk of further tightening steps despite recent government measures to crack down
      Reuters  -  342 words
    • Article
      Lock icon China’s inland provinces post slower Q1 growth
      325 12 Bloomberg [BEIJING] Growth in China’s less-developed inland provinces weakened last quarter while expansion in some coastal areas picked up and all regions reported faster gains than nationwide figures, local-government data showed. Expansion in south-western Sichuan was 10.2 per cent in the first quarter,
      Bloomberg  -  325 words
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      208 12 CALL FOR PERFORMERS Step Right Up! Be part of ChildAid 2013 CarnivalEdition Young ladies gentlemen, step right up! If you think you can sing, dance, play a musical instrument or perform a circus act, come try out for our next ChildAid concert! Email your entry to childaid@sph.com.sg by June 8,
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China PMI dips to 50.4 on weak export orders
      561 13 Pull-back in HSBC index likely to add to concerns over short-term risks Reuters [BEIJING] China’s facto-ry-sector growth eased in April as new export orders fell for the first time this year, a private survey showed yesterday, suggesting the eurozone recession and
      Reuters; PHOTO: AFP  -  561 words
    • Article
      Lock icon India’s factory output growth at 4-year low
      409 13 April PMI down for 2nd straight month but export orders point to pick-up Reuters [BANGALORE] India’s factories lost momentum in April as output grew at its weakest pace in over four years, but a jump in export orders augured well for the coming
      Reuters  -  409 words
    • Article
      Lock icon CNOOC offering up to US$4b of debt to refinance Nexen buy
      469 13 Dollar bond is Asia’s biggest outside Japan in nine years Hewlett-Packard. Bloomberg, NYT [HONG KONG] CNOOC, China’s biggest offshore energy explorer, is marketing as much as US$4 billion of bonds, a person familiar with the matter said yesterday, after
      Hewlett-Packard. – Bloomberg, NYT  -  469 words
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      78 13 Team dynamics is central to the development of new ideas, procedures, products and creativity. The key ingredient to facilitate employee collaboration is investing in a good working environment. office Empowering Change b t 450 PER USER CLUSTER OF 4 3000 X 1400 X 740 (w x d x ht) •0
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      192 13 an e vperia event IMDEX ASIA IMDEX ASIA 2013 14-16 May Changi Exhibition Centre Singapore ASIA PACIFIC'S FLAGSHIP MARITIME DEFENCE SHOW REGISTER NOW at www.imdexasia.com For more information, please visit THE MUST-ATTEND EVENT FOR SCAN FOR INFO www.imdexasia.com MARITIME PROFESSIONALS WORLDWIDE Created for maritime professionals to tap into the unparalleled
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  • ECONOMY WATCH
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      Lock icon Some fragile nations picking up: World Bank
      696 14 It’s working with UN to help troubled countries meet development goals Reuters [WASHINGTON] Twenty of the world’s most troubled countries have made progress in efforts that range from reducing poverty to improving the education of girls and cutting down on the deaths of
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    • Article
      Lock icon British tax havens agree to lift bank secrecy
      358 14 Reuters [LONDON] Tax havens such as Bermuda and the Cayman Islands will work more closely with Britain and other European countries to fight tax evasion, British Finance Minister George Osborne said yesterday. With governments in most advanced economies short of tax revenue
      Reuters  -  358 words
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      1402 14 BALANCE SHEET AS AT 31 DEC 2012 INCOME STATEMENT AS AT 31 DEC 2012 Assets 31.12.2012 31.12.2011 1.1 31.12.2012 1.1 31.12.2011 in Euro m in Euro m Cash reserve 15,755 6,075 Claims on banks 88,028 87,790 of which pledged as collateral 45 77 Claims on customers 278,546 296,586 of which
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      1528 15 SUBSCRIBE NOW! IPO closes on 8 May 2013 at 12 noon DISTRIBUTION YIELD OF 8.0%1 FOR FORECAST YEAR 2014 (a business trust constituted on 7 May 2012 under the laws of the Republic of Singapore) managed by Croesus Retail Asset Management Pte. Ltd. (Registration Number *****5175K) OFFER FOR SUBSCRIPTION BY
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  • WORLD
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      Lock icon Draghi says ECB is open to idea of negative deposit rate
      474 16 It cuts interest rate to 0.5%; promises enough liquidity to eurozone banks Bloomberg Reuters [BRATISLAVA] European Central Bank president Mario Draghi opened a new front in the battle against the debt crisis after cutting the benchmark rate to a
      Bloomberg; Reuters  -  474 words
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      Lock icon Trade gap falls in March on weak imports
      490 16 Deficit narrows 11 to second smallest since January 2010 LATEST US DATA Reuters [WASHINGTON] The US trade deficit fell more than expected in March as imports recorded their biggest drop since 2009, the latest sign of slowing domestic demand. The Commerce Department
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    • Article
      Lock icon ADB chief on Asia’s infrastructure financing
      453 16  -  By ANTHONY ROWLEY in Noida, India ASIAN governments must mobilise savings more effectively and provide a suitable fiscal environment if the region is to be able to afford the huge infrastructural investment needed to underpin future development, the Asian Development Bank’s (ADB) new president,
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    • WORLD BRIEFS
      • Article
        Lock icon Shell chief Voser to retire next year
        89 16 Reuters [LONDON] Royal Dutch Shell’s 54-year old chief executive Peter Voser is to retire next year in a surprise early departure he said was driven by a desire for a change of lifestyle. The soft-spoken Swiss national with a quarter century career at
        Reuters  -  89 words
      • Article
        Lock icon Buffett: women key to US future
        193 16 Reuters [OMAHA] The key to America’s future success lies in helping women achieve as much as their male counterparts, billionaire investor Warren Buffett said in an essay published yesterday that echoes a recent debate about gender roles in Corporate America. Mr Buffett took to
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      • Article
        Lock icon Google joins Lending Club investors
        63 16 Reuters [SAN FRANCISCO] Investors including Google are putting US$125 million into Lending Club, a service that matches people seeking loans with people willing to make them, Lending Club said. The cash is going to existing venture investors rather than into the company in a financing
        Reuters  -  63 words
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      Lock icon Abe aims to revise Japan’s pacifist constitution
      682 17 But he risks alienating voters who support his economic agenda Bloomberg [TOKYO] Prime Minister Shinzo Abe’s drive to revise Japan’s pacifist constitution for the first time risks alienating voters who support his economic agenda and dividing his coalition government before July elections. Mr
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    • Article
      Lock icon Visa card use up but Q2 profit slips 2%
      537 17 Company raises fiscal 2013 earnings growth forecast from high-teens to around 20% AP [LOS ANGELES] Visa Inc said on Wednesday that its net income slipped nearly 2 per cent in the first three months of this year from the year before,
      AP  -  537 words
    • Article
      Lock icon Facebook’s Q1 profit jumps 58%
      736 18 Sales rise 38% to US$1.46b; mobile phones make up 30% of ad revenue Bloomberg [SAN FRANCISCO] Facebook Inc’s first-quarter sales topped projections, a sign that chief executive officer Mark Zuckerberg is making headway in a drive to make more money from mobile advertising. First-quarter sales
      Bloomberg  -  736 words
    • Article
      Lock icon Sydney mansion fetches record A$53m
      154 18 AFP [SYDNEY] A Sydney harbour-front mansion has been sold to a Chinese-born businessman for A$53 million (S$67 million), setting a new property record for the city, reports said yesterday. The eight-bedroom, seven-bath-room house “Altona” in prestigious Point Piper had been on the market for several
      AFP  -  154 words
    • Article
      Lock icon BMW’s first-quarter car earnings slip
      330 18 Heavy discounts in Europe, technology costs curbed profits Reuters [BERLIN] BMW said that first-quarter underlying earnings in its key automotive division fell more than expected, as heavy discounts in core European markets and technology costs curbed profits from rising car sales. Earnings before interest and
      Reuters  -  330 words
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      147 16 Wine Dinner Tuesday, 14 May Wine, Dine Hospital -ui- PASSOPISCIARU Presented by Winemaker Letizia Patane Featuring Sicilian wines rated 93+ by R.Parker, from Mt. Etna's ancient volcanic slopes. $150 per person SI Reservations: 6730 3395/ilcielo@hilton.com Level 24 Hilton Singapore 581 Orchard Road Singapore *****3 facebook.com/hiltonsingapore ■'4- 6 DELIGHT MUM WITH
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      41 16 BT Wine, Dine Hospitality Page save more than for10x4colfull-colourad For advertisement bookings and sales enquiries, please contact: Lawrence Chang 9229 4919 Alisa Tan 9154 8381 Ellen Lee 9368 3533 Colin Ong 9231 1280 Angela James 8128 5080 Francis Yeo 9620 1356
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      276 17 Dine and win at our MOTHER'S DAY BRUNCH sara taseer 1 Hilton Singapore 581 Orchard Road Singapore *****3 FINE JEWELLERY CK 0 Che»»erS BRASSERIE Sunday 12 May Stand to win a pair of Sara Taseer Diamond Topaz Earrings worth $4,000. Reservations: 6730 3390 facebook.com/hiltonsingapore 1 r edge w v ~71
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      517 18 WATS 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 UMW DEEPNAUTIC PTE. LTD. (Company No. *****6840G) (Incorporated in Singapore) (In Members' Voluntary Winding Up) NOTICE IS HEREBY GIVEN pursuant to Section 290(2) of the Companies Act, that
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      586 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CUBIT COMMODITY RESEARCH PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****1387C) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company on 29
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      454 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CHOIR PACIFIC PTE. LTD. Company Registration Number *****4701W (IN MEMBER’S VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the members of Choir Pacific Pte. Ltd. deemed to have been
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      489 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 MANAGING GROWTH FIDUCIARY SERVICES (SINGAPORE) PTE. LTD. (THE “COMPANY”) COMPANY REG. NO. *****5103H (IN MEMBERS’ VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the Company deemed to have been held at 163 Penang Road #02-03 Winsland House II Singapore *****3
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      531 18 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF CHEVRON NZ HOLDINGS PTE. LTD. (Company Registration No: *****6733K) (Incorporated in Singapore) (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the Company duly convened and held at 30 Raffles Place #21-01
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      900 18 OXLEY HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****5612G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Oxley Holdings Limited (the “Company”) will be held at Raffles Lounge (Level 2), Raffles Country Club, 450 Jalan Ahmad Ibrahim, Singapore *****2
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      11 18 CATS Recruit The first step on your ladder to success CLA/AUG06/g
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  • S SPECIAL LUXURY LIVING
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      Lock icon LIVE IT UP IN STYLE
      1207 19  -  Experts tell TRACY LEE-ELRICK how to create a trendy and modern living room perts tell TRACY LEE-ELRICK THE living room is like a Swiss Army Knife in terms of its versatility in addressing your unique lifestyle preferences. It could be a cocoon from the outside
      PHOTOS: CAPPELLINI, CASSINA, KOINOR; PHOTOS: AIR, ARKETIPO, CAPPELLINI  -  1,207 words
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      Lock icon HOME COMFORTS
      778 21  -  The right furniture can enhance your home office By CHERYL TAY THANKS to the constantly evolving digital age, the work-from-home experience is now easier. There has also been a rise in home offices and people are increasingly carving out work spaces in their homes. “A home office has
      PHOTOS: AIR, BONALDO, ISTILL, MATTHEW HILTON, STRING  -  778 words
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      Lock icon A TOUCH OF CLASS
      521 22 / 23  -  Designer furniture makes your home look glamorous —Compiled by Teo Kuan Yee Book it Imagine your book collection propped up in the unique Armani Casa Freud Free Standing Library (below) that can be accessed from both sides. With a depth of only 35cm, the space-saving shelf
      PHOTOS: AIR, ARMANI CASA, MERONI, LEXINGTON  -  521 words
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      Lock icon THE PERFECT SEAT
      825 24 / 25  -  A sofa that is comfortable, durable and eye-catching makes the home more inviting By Hazel Tan TO MANY, the sofa is often the best seat in the house. So it makes sense to invest in a good quality piece that is likely the focal point in the
      PHOTOS: ARMANI CASA, LEXINGTON, MERONI, VERSACE HOME  -  825 words
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      122 21 caLLigcms O SMART ITALIAN DESIGN SINCE 1923 n Innovative Internet! i Mm A -4 Award 2012 t Orbital Anais Odyssey Philadelphia Innovative Designs Elegant Extendible Italian Dining Tables 1’ OTT /Mflien Baron Bo home Traslo Even Plus A i n m Kti/mm i e r> f Planet L’eau Convoy Parisienne
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      9 21 'Vv m i- f BAHM&mSaF <* ac K^l l^xXi.U p»
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      346 22 / 23 r\ Eliseo Made in Italy Round Table with base in painted metal and top in tempered glass electro welded with UV rays on steel plates for maximum quality and aesthetic design. I INFINITO Dining Table Made in Italy Top and Base in solid Crystal Stone, finishing details in stainless steel.
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      177 22 / 23 s 5 DA VINCI HOME COLLECTION 191 UPPER BUKITTIMAH ROAD TEL+65 6468 6333 DA VINCI HOME MARINA BAY SANDS 2 BAYFRONT AVENUE #01 -29 TEL +65 6688 7555 www.davinciasia.com < TEMPUR MATTRESSES AND PILLOWS ii i'l {kmlhill r > m A True Comfort is Individual NEW 21 cm Tempur® Mattress
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      123 24 / 25 Tm Living U.S Made Sofa 1,999 il ism Bassett i Broyhill HOME BRAN Sc Plaza singapura 04 17, 68 orchard road, Singapore 4m* m < I The Beauty of Immaculate Craftsmanship Fine Reproductions From MING OING Collection A timeless collection of elegantly crafted Red Blackwood and Huanghuali furniture.These exquisite works
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      24 24 / 25 Barrique design Rodolfo Dordoni HOSPITALITY COMMERCIAL RESIDENTIAL KITCHEN WARDROBE FURNITURE LIGHTING Groove Wardrobe 16 Tai Seng Street #01-00/B, S*****8 +65 6288 2843 enquiries@marquishqo.com www.marquishqo.com
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      161 24 / 25 LIVING LIFE FULLY CHARGED A BLACK -f r Sii i..1,.mil BEYOND 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 constructed experience and ultimate attention
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  • EDITORIAL & OPINION
    • Article
      Lock icon MAS more bullish than private economists
      458 26 EDITORIAL PRIVATE sector economists have cut their forecasts of Singapore’s 2013 GDP growth in recent weeks on the back of a weak first quarter, with the median estimate now half a point below the upper end of the 1-3 per cent official growth projection.
      458 words
    • Article, Illustration
      Lock icon Fear and loathing as entitlement is eaten away
      767 26  -  THE BOTTOM LINE ROBERT SAMUELSON –The Washington Post Writers Group AMERICANS are passing through something more than a period of disappointing economic growth and increasing political polarisation. What’s happening is more powerful: the collapse of “entitlement”. By this, I do not mean
      767 words
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      Lock icon Facing the reality of big bad debt wolf
      1105 26  -  Debate between Keynesians and ‘Austerians’ has limited relevance outside of the US By RICARDO HAUSMANN The writer, a former minister of planning of Venezuela and chief economist of the Inter-American Development Bank, is a professor of economics and director of the Center
      Project Syndicate; PHOTO: AP  -  1,105 words
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      Lock icon ADB in major push to raise funds
      1523 27  -  Bank will twist arms to get public and private contributions for infrastructure and other projects, says new president ANTHONY ROWLEY Tokyo Correspondent THE Asian Development Bank intends to throw its full weight behind mobilising public and private sector funds to help fund Asia’s
      PHOTO: AFP  -  1,523 words
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      Lock icon Don’t expect White House or Congress to push growth
      922 27  -  LEON HADAR Washington Correspondent LAST week’s report that the US GDP grew at an annual pace of 2.5 per cent in the first quarter, falling short of the 2.8 per cent that economists had predicted, disappointed investors in Wall Street but
      PHOTO: AFP  -  922 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Boeing begins sales pitch for a bigger, upgraded 777
      487 28 It plans to add lightweight wings and new engines to the popular model NYT [NEW YORK] Boeing’s sales force is starting to pitch airlines and jet-leasing companies on an updated, larger version of its 777 passenger jet, a crucial step towards
      NYT  -  487 words
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      Lock icon HK residents march for better labour conditions
      707 28 Bloomberg [HONG KONG] Thousands of Hong Kong residents took to the streets for Labour Day marches to petition for better labour conditions and in support of strike action by workers at docks operated by billionaire Li Ka-shing. About 3,700 people were present at
      Bloomberg; PHOTO: REUTERS  -  707 words
    • Article
      Lock icon Etihad opens maintenance base at Changi
      216 28  -  By MARIA MALA YOGALINGAM [SINGAPORE] Etihad Airways, the national carrier of the United Arab Emirates (UAE), has opened a line maintenance base at Singapore Changi Airport, further strengthening its Asia-Pacific operations. A core team of three aircraft engineers will be based at the new
      216 words
    • Article
      Lock icon Lufthansa ends pay dispute with union
      354 28 Reuters [FRANKFURT] Lufthansa agreed an inflation-busting pay settlement with a union representing 33,000 workers, ending a dispute which had threatened to drive travellers towards rival flyers. While Lufthansa agreed to raise pay by up to 4.7 per cent for cabin crew and ground staff,
      Reuters  -  354 words
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      Lock icon Airport repairs sacrificed to end furloughs
      559 28 Bloomberg [WASHINGTON] The measure passed by Congress to end air-traffic furloughs will trim as much as US$250 million from airport construction projects this year, according to trade groups. Most of the money being used to keep controllers working will come out of funds intended
      Bloomberg; PHOTO: AP  -  559 words
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      42 28 table! THE HEARTBEAT OF THE INDIAN COMMUNITY MANE OBSESSION For aesthetic or spiritual reasons, hair is dear to Indians. And it's big business too SPELLING CHAMP IS ALSO CHESS WHIZ st GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      18 28 www.omy.sg cn Singapore Campus Likes 9 Nominate your secondary school uniform to be SG Coolest School Uniform! yzone.omy.sg
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  • Article
    Lock icon Shipping times
    2569 29 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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      177 30 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 the business times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? the business times TO ADVERTISE. CALL JOE
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      0 30 )~<(&!-<{$$\]=/@[.$>[>]`><"&|.{
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3201 31 Transaction date: May 2 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 5.2 3 A-Sonic --AAT Vol Day Last Quote 98 59 ABR Hldgs 71cd unch 40 71 71 71 74
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      Lock icon SGX CATALIST
      214 32 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 4.6 1.3 t Advanced System 1.6 unch 748 1.6 1.6 1.6 1.7 25.4 Last Quote Div Gr Yld Net M Cap High
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    • Article
      Lock icon UNIT TRUST & FUNDS
      10681 32 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.4/ Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond Asian local Ccy SD Bard 1 003?/ Asian Smaller Cos!' ...2.0456/ EM local Ccy Bond 1.0217/ European Opportunities 1 1 1906/ Global Emerging Markets!**
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      Lock icon GLOBALQUOTE
      258 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A37.5xo -1 48 37.5 35.5 37 40 3.6 9.3 3 136.7 50 30 Genting HK US$ US49.5 +2 ***** 50 48 49 49.5 3259.3
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    • Article
      Lock icon SGX ETF
      966 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 120 +0.5 31 120.5 120 120 120.5 547.8 136.8 120.4 CIMB APAC Div 100S$D 136.8 137.7 138.6 111.7 95.8 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      643 33 May 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.25 *****.48 *****.96 Jun13 *****.00 *****.00 *****.00 *****.00 ***** *****5 Sep13 *****.00 *****.00 *****.00 *****.00 44 3923 MSCI TAIWAN INDEX FUTURES SPOT 291.89 293.87 291.85 May13 292.20 293.80 292.20 293.80 3420 *****1 Jun13 292.00
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 33 In local curr In S$ In US$ dy yr dy yr dy yr May 1 Index Change Change Change Change Change Change World Preliminary 1047.0 -0.4 11.6 -0.3 10.9 -0.4 9.9 EAFE Preliminary 875.6 -0.2 13.1 -0.1 10.1 -0.2 9.1 Europe Preliminary 1235.4 0.1 7.7
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    • Article
      Lock icon INTERBANK CROSS RATES
      472 33 May 2 May A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.032 6.301 0.778 7.943 54.965 99.606 0.996 11.280 3.128 1.208 100.768 42.115 1.263 9.267 0.951 30.328 30.087 0.658 1.024 Canada 0.969
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    • Article
      Lock icon SIBOR
      66 33 May 2 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      138 33 May 2 GOLD(US$/oz) Apr 30 May 02 Hong Kong 1482.00 1464.00 Apr 30 May 01 London 1467.17 1445.40 1468.11 1446.15 Source: Thomson Reuters CAST BAR May 02 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130 58 5gm 369 288 10gm 659 576
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 33 May 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 25-Jul-13 0.24 0.23 6-Month BS*****N 01-Nov-13 0.25 0.23 1-Year BY*****H 02-May-14 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.1 5-Year N*****0T 2.375
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    • Article
      Lock icon PALM OIL
      57 33 May 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2253.0 2249.0 2255.0 2250.0 117 1658 Jun 13 2260.0 2283.0 2268.0 2254.0 3664 ***** Jul 13 2261.0 2286.0 2275.0 2258.0 ***** ***** Aug 13 2260.0 2283.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 33 May 2 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2625 1.2634 1.0235 1.0239 Canadian dollar 1.2232 1.2241 0.9921 0.9917 Euro 1.6240 1.6247 1.3166 1.3167 NZ dollar 1.0450 1.0461 0.8472 0.8478 Sterling pound 1.9194 1.9204 1.5561
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    • Article
      Lock icon CHICAGO BOT
      108 33 May 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1437.50 1467.75 1466.25 1429.25 Jul 13 1373.00 1399.00 1398.00 1365.50 Aug 13 1319.25 1339.75 1338.75 1313.50 Sep 13 1250.00 1264.75 1266.25 1241.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13
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      Lock icon LIFFE
      94 33 May 1 COCOA (£/tonne) Close Prev High Low May 13 1566 1544 1571 1532 Jul 13 1566 1541 1572 1534 Sep 13 1573 1547 1578 1541 Dec 13 1576 1550 1581 1543 COFFEE(US$/tonne) Close Prev High Low May 13 1964 1965 1969 1954 Jul 13 1999 2007 2013 1995
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1063 33 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Albedo Limited W*****9 0.9 0.2 ***** Conv Asiatravel.com HoldingsW*****7 1 1 25 14 Asiatravel.com HoldingsW*****5 1.3 1 27 38 BakerTech W*****5 Prem Best World Intl Ltd W*****5 2 1 30 36
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 33 CRUDE OIL PRODUCTS May 01 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 99.14 -3.10 WTI (Near Mth) 91.05 -2.21 Dubai (1-Mth F) 98.26 -2.81 Tapis blend 105.40 -2.13 Minas 100.90 -2.13 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.83 unch Jet Kerosene 114.80 unch US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      24 33 May 2 May 2 s$ Bid Offer 1-month 1.2335 1.2339 2-months 1.2334 1.2339 3-months 1.2334 1.2339 6-months 1.2331 1.2342 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 33 May 01 May Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1785.75 1832.25 3 months 1824.00 1870.00 Copper, Grade A(US$/tonne) Cash 6761.75 7021.25 3 months 6769.00 7055.00 Lead(US$/tonne) Cash 1959.50 2007.00 3 months 1979.00 2027.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 33 As at 9am May 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.296 1.235 Can dollar 1.248 1.200 Euro 1.663 1.584 Sterling pound 1.956 1.881 NZ dollar 1.073 1.032 US dollar 1.257 1.198 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      158 33 May 2 May $S Offer Bid 0vernight 0.13 0.08 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ 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
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  • PROPERTY
    • Article, Illustration
      Lock icon GuocoLand unveils Tanjong Pagar plans
      615 34  -  It posts net loss of $13.3m for Q3 due to higher project construction costs By MINDY TAN [SINGAPORE] Despite what has been described in some quarters as onerous property cooling measures, GuocoLand is upbeat about the prospects for its first integrated mixed-use development, located above
      615 words
    • Article
      Lock icon OrangeTee, Japan firm in collaboration deal
      321 34  -  Agreement to bring about exchange of networks, expertise By BENJAMIN AW [SINGAPORE] An agreement between local real estate consultancy OrangeTee.com and Japanese real estate service provider Tokyu Livable Inc (TLI) could make way for greater cross-border collaboration and more investment opportunities in the world
      321 words
    • Article
      Lock icon IPD: assets outside London give higher returns
      219 34 Bloomberg [LONDON] Investors that bought UK commercial property outside of London this year generated returns that were a third higher than assets in the capital as a lack of competition pushed down prices, according to research firm International Property Databank Ltd. Yields on
      Bloomberg  -  219 words
  • Page 34 Advertisements
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      488 34 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements 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 negotiable D10 HOUSE FOR SALE HOLLAND GROVE VIEW 2907sf, 4+1, quiet, MRT, schs,
      488 words
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      Lock icon Page 34 Advertisements Column 2
      80 34 D16 HOUSE FOR SALE SUNBIRD ROAD F’hold 2 Sty corner terr. Land 4833/built 2000 sf. Extension or A&A. MRT/Expo/future Uni. D19 HOUSE FOR SALE BRIGHTON CRESCENT Exclusive listing! 2650 sqft semi-d. 6-rooms. Quiet facing. Elevated ground. Bright breezy. $3.85M negotiable. Joanne *****268 Premiere D19 HOUSE FOR SALE HOUGANG Beautiful Semi-D
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  • Page 35 Advertisements
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      404 35 D19 HOUSE FOR SALE POH HUAT ROAD Last viewing! Inter Terr. Cul De Sac! Wide St. 1740 sqft. Rebuild to 3 1/2 Storey. Investment choice! Jason 9740 1407 D19 HOUSE FOR SALE VERDANA VILLAS Verdana Villas Serangoon Garden. Freehold, Private pool/ lift. 5+1 rooms. 4400 sqft. Asking $3.8Mil. Call for
      404 words
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      Lock icon Page 35 Advertisements Column 2
      176 35 D07 APARTMENT FOR SALE CONCOURSE SKYLINE 1 Bdrm, Sole Agent, Spacious, Balcony, Sky Gdn, Walk to Nicoll Highway Bugis MRT, Near Suntec/ Marina IR, Prime Location, Best Value $1.5xM! D09 APARTMENT FOR SALE ILLIMUNAIRE Illimunaire 2bdrm 715 sqft. Sale with tenancy. High floor. Facing Orchard Rd. Nice reno/ decor. Hurry
      176 words
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      Lock icon Page 35 Advertisements Column 3
      164 35 D12 APARTMENT FOR SALE 8 RIVER SUITES Minutes to MRT/ City fringe. 3 bdrms from $1.1XM. No bay windows home shelter. Best buy! D13 APARTMENT FOR SALE BARTLEY RIDGE Cheap! Over 60% sold! Various choices, superb layout, lowest psf! Fr $6xxK (1 bdrm). Call to view actual site! D13 APARTMENT
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      Lock icon Page 35 Advertisements Column 4
      172 35 D17 APARTMENT FOR SALE OCEAN FRONT SUITES Ocean Front Suites. 946 year. Seafront lifestyle living. Mins beach. 1 bedroom. From $596K. WM Wong 9091 0123 D23 APARTMENT FOR SALE REGENT GROVE 3+1 bedrooms. 1195 sf. Mid flr. Open view. Quiet. Well kept. Mins to MRT/ Mall. Call Fung 9836 1496
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      Lock icon Page 35 Advertisements Column 5
      166 35 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 6036/ 9670 0518 D19 HOUSE FOR RENT BUNGALOW Beautiful Bunglw in S’goon Gdns (Near American, French and Australian Schs) Excellent condition amenities. 3 storey, 6+1 rms bath Call
      166 words
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      611 36 D23 APARTMENT FOR RENT GLENDALE PARK Glendale Park 2+1, 1033 sqft. Partial/ fully furn. Face greenery. Avail May. View to offer. Call Lilian 9627 0713 to view D23 APARTMENT FOR RENT NORTHVALE 3 bedrooms. Fully furnished. Full facilities. Near MRT and shopping centre. Available immediately. Call now! Don’t miss! Hazel
      611 words
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      Lock icon Page 36 Advertisements Column 2
      210 36 D13 WAREHOUSE FOR SALE QUARTZ D13 Quartz 2840 sqft Freehold D14 Vertex 2809 sqft, 60 yrs. B1 light industrial. Keen Sellers Hurry!! Call now to arrange for viewing appt! D15 RESTAURANT FOR SALE UPPER EAST COAST ROAD F&B business for sale. New renovation, fully fitted. Liquor licence. 1200 sqft. Redzuan
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      Lock icon Page 36 Advertisements Column 3
      239 36 D07 SHOP FOR RENT THE PLAZA 742 sqft, suitable for Retail/ F&B/ clinics. MRT. Next to serviced Apt. Ask $5800 neg. Avail Immed D12 WAREHOUSE FOR RENT CT HUB Brand new 979.52 sqft. Impressive facade. Bare. Self contained toilet. Near MRT. Immediate. $4K D14 FACTORY FOR RENT PAYA LEBAR 9,000/
      239 words
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      Lock icon Page 36 Advertisements Column 4
      220 36 FOREIGN PROPERTY FOR SALE DANGA BAY IN MALAYSIA JB Land JB City Danga Bay. Also others units available. Call 9108 5218 Gooi FOREIGN PROPERTY FOR SALE PERMAS JAYA IN MALAYSIA Commercial Freehold. 5 acres (RM95 psf) Other JB land also available. Call 9108 5218 Gooi FOREIGN PROPERTY FOR SALE D’RESIDENCES,
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      2039 37 MORE THAN HALF OF GOURMET JAPAN S DINING EVENTS ARE AT FULL HOUSE, AND THE REST ARE SELLING OUT FAST! With a slew of gourmet events and a host of restaurant and bespoke bar promotions under the Taste Japan and Mixology Japan banner, Gourmet Japan will be bringing back the
      2,039 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon Rain of music from ‘clouds’
      1487 38  -  The rise and recent entry of cloud-based music streaming giants Deezer, Spotify and KKbox is set to benefit local fans and bands alike, reports DYLAN TAN DYLAN TAN IT wasn’t too long ago when the words Internet and music could not exist in the same
      PHOTO: AFP; PHOTO: REUTERS  -  1,487 words
    • Article, Illustration
      Lock icon Growth also for on-demand video sites
      320 38  -  By DYLAN TAN IT’S not just music that’s going portable and getting the on-demand treatment. Movies and TV are going in the same direction as consumers start to break from traditional means of watching their favourite programmes on television sets to viewing them anytime
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  • CINEMA
    • Article, Illustration
      Lock icon Long way from being a genuine masterpiece
      568 39  -  rance has lots of action but is less than mesmerising, saysGEOFFREY GEOFFREY EU TRANCE, a hyperkinetic heist movie of sorts by Danny Boyle that begins with the brazen robbery of a mul-ti-million-dollar painting from a London auction house, is a distant older cousin
      PHOTO: BLOOMBERG  -  568 words
    • Article, Illustration
      Lock icon Giddy, satirical take on teen movies
      507 39  -  By DYLAN TAN TALK about false advertising the cheesy poster for Spring Breakers features former child stars Selena Gomez and Vanessa Hudgens posing in bright bikinis as if the movie was a B-grade skin flick. Sure, there is ample flesh on display with the
      PHOTOS: AP  -  507 words
    • Article, Illustration
      Lock icon Fine acting let down by predictable plot
      619 39  -  By NATALIE KOH ON paper, Identity Thief seems to have all the elements for a perfect slapstick comedy. There’s Seth Gordon (Horrible Bosses) in the director’s chair and Craig Mazin (Scary Movie 3 and Hangover: Part II) behind the screenplay, not to mention
      PHOTO: BLOOMBERG  -  619 words
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      52 39 FEMALE MAY ISSUE OUT NOW At all leading bookstores, 0 3. INVISIBLE MAKEUP SEE IT TRY IT LOVE IT N 15 P s w -1111 US' jJUU ■j j I ’1 Jr ALSO AVAILABLE IN DIGITAL EDITION THROUGH For more details visit www.sphmagazines.com.sg/digital S S s Follow us on: femalesingapore
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      126 39 SMART TRAFFIC ASIA 2013 25 June 2013, Grand Hyatt Jakarta iTil t Event Highlights: Ministerial forum featuring key Indonesian ministers Closed-door luncheon with Indonesia's mayors and province representatives Mobility Global and regional project showcase Technology showcase Key distinguished speakers include Djoko Kirmanto Minister Ministry of Public Works Indonesia Bambang Susantono
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  • MUSIC
    • Article, Illustration
      Lock icon An exploration of the lunar soundscape
      908 40  -  Sarah Brightman takes a fantastic journey through space, writesNATALIE NATALIE KOH SHE was the original Christine Daae, the female lead of the long-est-running show on Broadway (The Phantom of the Opera); she holds the record of being the best-selling soprano of all time, and
      908 words
    • Article, Illustration
      Lock icon Masters at their Kraft
      390 40  -  By DYLAN TAN FOUR men standing almost motionless behind their workstations not exactly a typical scene from a rock concert but it’s something Kraftwerk has been doing for over four decades now. And judging from last Thursday’s capacity turnout at the Esplanade Theatre, nobody seemed to
      390 words
    • Article, Illustration
      Lock icon Old-school but not out of style
      643 40  -  By SARA YAP MADONNA, stand back. The queen of re-in-vention could take a cue from Julio Iglesias the Latin crooner who has been singing the same songs the same way for his entire career and he never seems to go out of style. Witness
      643 words
    • Article, Illustration
      Lock icon A festival for the youth and young at heart
      779 40  -  By SARA YAP THEY are young, talented and not yet household names in Singapore’s music scene. But come June, some 10 local YouTube musicians will get to take their craft offline and to a bigger stage at the Esplanade’s Yfest youth
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  • ARTS
    • Article, Illustration
      Lock icon Arts fest to be like ‘three-Michelin star meal’
      898 41  -  As the Singapore Arts Festival goes independent, stalwarts of the local arts scene are set to shake things up, reportsHELMI HELMI YUSOF THE guessing game is over. Ong Keng Sen, arguably Singapore’s most acclaimed and outspoken theatre director, has been named the
      FILE PHOTOS  -  898 words
    • Article, Illustration
      Lock icon A fine study in grief
      520 41  -  By HELMI YUSOF HERE’S a production that could well emerge as one of the best of the year. But for about two hours into this wrenching drama, one wouldn’t know it. It is only near the play’s end when actress Janice Koh turns away from
      520 words
    • Article, Illustration
      Lock icon Three-women play makes a comeback
      563 41  -  By HELMI YUSOF A SEMINAL play on womanhood is being restaged at the Esplanade 18 years after its debut. But its themes of love, ambition, marriage and sexuality will still resonate with audiences today. .And Three Virgins Fly To The Moon was written, directed by
      563 words
    • Article, Illustration
      Lock icon Strong production let down by lead
      533 41  -  By HELMI YUSOF OTHELLO is one of Shakespeare’s most psychologically acute plays. But when the actor playing Othello fails to take us through his complex psychological journey from a proud victorious general, to a jealous and insecure husband, to finally an insane and murderous
      533 words
    • Article, Illustration
      Lock icon Local talent on centre stage
      1252 42  -  Exploratory style One common observation or lament, rather is that Singapore artists aren’t shown regularly enough in Singapore galleries. CHEAH UI-HOON interviews three local artists whose works are on display these few weeks in solo and group shows, especially the one at Espace Louis Vuitton
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    • Article, Illustration
      Lock icon A treat for art collectors
      459 42  -  By SARA YAP SOUTHEAST Asian art is hot judging by Christie’s decision to present its largest number of Southeast Asian works ever for an upcoming auction in Hong Kong. Some 200 Southeast Asian works by the likes of Cheong Soo Pieng, Chu Ek Kay, Abdullah
      459 words
    • Around Town
      • Article, Illustration
        Lock icon Art
        100 42 Red Bull Curates: The Canvas Cooler Project: A mix of established local artists and art students have designed 28 canvases that will be used to wrap coolers of Red Bull energy drinks. This project has taken place in other countries like the United States and Japan; this is its
        100 words
      • Article, Illustration
        Lock icon Music
        198 42 2013 Spring Wave Festival: Taiwanese music festival Spring Wave will venture outside Kenting, Taiwan where it has been held for the past seven years to be staged in Singapore for the first time. Headlined by Taiwanese musicians such as Jam Hsiao, Cheer Chen and Joanna Wang, it will also
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      • Article
        Lock icon Stage
        129 42 Glass Anatomy the Musical: Catch this stage adaptation of the award-winning 1983 Taiwanese movie Papa, Can You Hear Me Sing, which is about an aspiring singer having to choose between filial piety and her dreams of stardom. Directed by Singaporean playwright Goh Boon Teck, the musical’s cast includes Taiwanese
        129 words
      • Article
        Lock icon Campaign
        118 42  -  Compiled by SARA YAP Project Inspire: 5 Minutes to Change the World: Have an idea that could change the lives of disadvantaged women and girls? Share your idea in a five-minute pitch video or written proposal, and you could win a grant of US$25,000 to make this idea a
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  • Page 42 Miscellaneous
    • Miscellaneous
      Lock icon Page 42 Miscellaneous Column 1
      328 42 Across CRYPTIC CROSSWORD 1 Spread small amount of butter on middle of bread (4) 3 Cut we employed in 1960s style (5) 6 Condition of jail? (4) 8 Son cracks this puzzle’s ingenuity hard challenge (5,6,4) 9 Better trained mechanic (6) 10 What provides access in father’s game (8) 11
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  • WINE
    • Article, Illustration
      Lock icon Provenance on the road
      1119 43  -  The quality of wine depends on how it is transported from the winery to the dealer to the cellar, writes NK YONG I CAME across some information useful for readers interested in the temperature-journey that a case of fine wine takes on its way from winery
      PHOTOS: NK YONG  -  1,119 words
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      169 44 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX, THE JURA. FOR MILLENIA, A HARSH, UNYIELDING ENVIRONMENT A PLACE OF RAW NATURE AND UNFORGIVING CLIMATE. FIRST SETTLED IN THE SIXTH CENTURY BY MONKS WHO SAW IN THIS AUSTERE EXISTENCE A SERENITY AND SPIRITUALITY; MORE RECENTLY, SINCE
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