The Business Times, 4 May 2013
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2013-05-04
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The Business Times
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Title Section20 2013-05-04 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g MAY 4-5, 2013 S$1.00 MICA (P) 075/08/2012 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION20 words
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Article, Illustration803 2013-05-04 1 S Jayasankaran - Najib and Anwar go toe-to-toe in a general election that neither leader can afford to lose By S Jayasankaran btworld@sph.com.sg Kuala Lumpur THE winner of the keys to Putrajaya in tomorrow’s Malaysian general election (GE) will be heir to a RM240PHOTO: AFP - 803 words
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607 2013-05-04 1 Michelle Quah - By Michelle Quah michquah@sph.com.sg Singapore TEMASEK Holdings is said to be in advanced talks to take a US$500 million stake in UK data provider, Markit a private company whose independent valuation data for credit default swaps has become much sought after the607 words
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135 2013-05-04 1 Bloomberg New York BETTER than expected job numbers in the United States sent the Dow Jones Industrial Average above 15,000 for the first time, as employment picked up more than forecast in April and the jobless rate unexpectedly declined to a four-yearBloomberg - 135 words
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Page 1 Advertisements
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Advertisement29 2013-05-04 1 the the JAPANESE SMART MONEY Weighing your investment risks 32-33 MOTORING The sexy Opel Astra OPC L18 the raffles conversation JAPANESE POLITICIAN ICHIRO OZAWA 10-11 LIVING Burger boomtown L2-429 words
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TOP STORIES
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Article, Illustration600 2013-05-04 2 Non-farm payrolls in April rise 165,000 while jobless rate falls to a four-year low of 7.5% LATEST US DATA Reuters Washington EMPLOYMENT in the United States rose more than expected in April and hiring was much stronger than previously thought in the prior two months,Reuters; PHOTO: AP - 600 words
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MARKETS
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Article57 2013-05-04 2 HSTI 3,369.90(-32.49) HSTI FUTURES 3,352.00 (-30.00) HSIMSCI 381.72 (-4.49) HSIMSCI FUTURES 378.30 (-5.90) STOCKS Friday Change KL COMP 1,694.77 -18.69 NIKKEI 225 Closed HANG SENG 22,689.96 +21.66 SET 1,578.95 -10.24 JAKARTA 4,925.48 -68.56 MANILA 7,215.35 +121.93 KOSPI 1,965.71 +8.50 SHENZHEN B 823.11 +14.12 MUMBAI IND 19,575.64 -160.13 11.30am EDT57 words
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Article29 2013-05-04 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.256 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg29 words
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Article48 2013-05-04 2 US$ S$ US$ (S$ per US$) 1.234 (US$/S$ per 1.553 1.917 EURO(US$/S$/€ 1.310 1.617 Foreign currency per US$ S$ YEN 98.20 79.60 RM 3.037 2.461 HK$ 7.760 6.289 BAHT 29.64 24.02 RUPIAH 9,738 7,892 RENMINBI 6.156 4.989 INDIAN RUPEE 53.96 43.73 A$ 0.976 0.791 NZ$ 1.175 0.95248 words
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Article, Illustration691 2013-05-04 4 Pauline Ng - Opposition leader is still a crowd-puller but it remains to be seen whether he can pull off the seemingly impossible BATTLE FOR PUTRAJAYA By Pauline Ng btworld@sph.com.sg Kuala Lumpur “WE HAVE to live with new realities,” Malaysia’s opposition leader Anwar Ibrahim told aPHOTO: AFP - 691 words
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743 2013-05-04 5 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg Singapore A MINISTRY of National Development (MND) team that reviewed the controversial sale of software by People’s Action Party (PAP) town councils (TCs) to Action Information Management (AIM), a PAP-owned company, has recommended a strategic review of743 words
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802 2013-05-04 6 Jeffrey Hutton - By Jeffrey Hutton btworld@sph.com.sg Jakarta THE deputy governor of Indonesia’s central bank has defended its year-long review of DBS Group’s proposed S$8.41 billion takeover of Bank Danamon saying that it wasn’t uncommon for regulators to subject new entrants into a country’s fiscal sector to802 words
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Article, Illustration553 2013-05-04 7 Lee U-Wen - Union is ramping up efforts to look after their needs, particularly in job protection, placement and career progression By Lee U-Wen leeuwen@sph.com.sg Singapore THEIR numbers are on the rise: 173,000 today up from about 162,000 just eight months ago and 130,000 back in 2010.553 words
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Article, Illustration588 2013-05-04 7 Lynn Kan - By Lynn Kan lynnkan@sph.com.sg Singapore THE arrival of the world’s largest cruise company, Carnival Corporation, in Singapore will benefit the local tourism market, said Minister in the Prime Minister’s Office S Iswaran yesterday at the maiden call of the cruise ship588 words
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Article534 2013-05-04 8 Nisha Ramchandani - Carriers in Asia-Pacific hit by H7N9 fears, lag behind those in other regions By Nisha Ramchandani nishar@sph.com.sg Singapore AIRLINE share prices have outperformed the market this year, rising 12 per cent since January and surpassing the 8 per cent increase in the FTSE Global534 words
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Article, Illustration792 2013-05-04 8 Joyce Hooi - SATURDAY SOAPBOX Joyce Hooi joyceh@sph.com.sg Correspondent PARENTS, you’re doing it wrong. That’s right. I of unstretched uterus and unhollowed-out pockets will tell you how to raise your child. Oh yes. This open invitation for hate mail deserves some context, I suppose. Early last month,792 words
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445 2013-05-04 8 Malminderjit Singh - By Malminderjit Singh msingh@sph.com.sg Singapore REGIONAL low-cost carrier AirAsia and the Football Association of Singapore (FAS) are expected to unveil a three-year sponsorship deal next week worth an estimated $600,000 a year. The deal, which will make AirAsia the official airline445 words
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Page 2 Advertisements
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Advertisement63 2013-05-04 2 CONTENTS NEWS Top Stories 2-8 Week In Review 9 LIVING Dining L2-4 Watches L5 Travel L6-9 Shopping L10-11 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-36 Smart Money 32-33 Show Me The Money 34 Real Estate 35-3663 words
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Page 3 Advertisements
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Advertisement213 2013-05-04 3 watches o Of Switzerland 36' Momentous Years Watches of Switzerland celebrates 36 years of handcrafted legacy. With deepest gratitude for your valued support, we present the perfect moment to own that luxurious time piece. CITIBANK Q% INTEREST EQUAL PAYMENT PLAN Choose to purchase your exquisite timepieces over 36 months, at213 words
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Page 4 Advertisements
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Advertisement30 2013-05-04 4 JACKPOT Estimated Draw on Mon, 6 May 2013 at 6.30pm For details, visit www.singaporepools.com.sg Ip yA Always play with care, [responsibly) Do not bet illegally. RGB Reg No: *****0202G SINGAPORE30 words
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Page 5 Advertisements
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Advertisement300 2013-05-04 5 Attention NRIs and PIOs Want to buy a home in India? 6 leading Indian developers. Up to 60 projects. Right here in Singapore. ch ■'Mu Cb ss&sisa HDFC nooo^s is in Venue: Raffles Convention Centre, Wilberforce Bailey Room, Level 4, Fairmont Hotel, 80 Bras Basah Road, Singapore *****0. Dates Timing:300 words
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Page 6 Advertisements
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Advertisement1243 2013-05-04 6 KAX3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ELEKTROMOTIVE GROUP LIMITED (Incorporated in Singapore) (Company Registration Number *****7135Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Elektromotive Group Limited (the “Company”) will be convened on 20 May 2013 at 10.00 a.m. at1,243 words
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Page 7 Advertisements
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Advertisement74 2013-05-04 7 I m f.' ®r*i x itC Singapore Top Artist Tay Boon Pin, Age 79 is widely recognised as one of the most outstanding realist artists in Singapore. Most of the Paintings on exhibit are the old Singapore sceneries done by him in the 1970s until now. Exhibition Date: 4 to74 words
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WEEK IN REVIEW
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THIS WEEK April 29-May 3, 2013
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36 2013-05-04 9 THE stars have aligned this year for a record-breaking initial public offering market for real estate investment trusts (Reits) and business trusts. But quality will be key.36 words
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46 2013-05-04 9 LI KA-SHING’S right-hand man Canning Fok made it clear on Monday that if port workers want to go on strike, there are other people willing to take their place in the hus-tle-town that is Hong Kong.46 words
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42 2013-05-04 9 A SIGNIFICANT downgrade to the 2013 GDP forecast by DBS Bank on Monday from 3.2 per cent to 2.5 per cent underscored what looks to be spreading pessimism about the growth outlook, at least among forecasters.42 words
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42 2013-05-04 9 CHINA Huaneng-owned Tuas Power is set to spread its wings overseas, with the Singapore genco currently eyeing potential power projects in South-east Asia, including in Indonesia and Myanmar, and also power-water projects in the Middle East.42 words
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53 2013-05-04 9 SINGAPORE’S unit labour costs rose 4.1 per cent over 2012 to hit a 10-quarter high in Q4, a symptom of ongoing economic restructuring. And unit labour costs will keep rising this year too, the Mone- tary Authority of Singapore said in its53 words
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83 2013-05-04 9 THE Singapore economy has been restructured successfully in the past, and while the transitions were di ff i cu l t emerged stronger and the standt h e coun t r y emerged stronger and the standard of living went up each time.83 words
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38 2013-05-04 9 THE unemployment rate in Singapore inched upwards in the first three months of this year while the pace of job creation slowed, according to preliminary estimates from the Manpower Ministry.38 words
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51 2013-05-04 9 SEMICONDUCTOR players remain positive about their future in Singapore, but as they transform themselves to design and make higher value-added components, some say the Republic also needs to watch its rapidly rising labour and energy costs and better groom engineering talent to keep its electronics sector51 words
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Article, Illustration77 2013-05-04 9 INVESTMENTS are still critical to transform Singapore’s economy and to upgrade workers, Prime Minister Lee Hsien Loong said at the annual May Day Rally on Wednesday. What’s different now is that the country is seeking high-er-skilled and higher value-added activities. MAY DAYPHOTO: DESMOND LIM/THE STRAITS TIMES - 77 words
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49 2013-05-04 9 THE Republic’s purchasing managers’ index signalled growth for a second straight month in April despite falling from March. The uneven path it has charted in recent months, however, mirrors that of PMIs across Asia and reflects how tentative the region’s recovery is.49 words
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39 2013-05-04 9 FOLLOWING nearly a year of strife and infighting, the committee of the Singapore Airlines branch of the Airline Pilots Associa- tion-Singapore has been disbanded after the 20-member panel called for its own dissolution.39 words
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37 2013-05-04 9 THE three local banks posted bet-ter-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 businesses.37 words
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54 2013-05-04 9 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 or the opposition Pakatan Rakyat may be able to54 words
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Article79 2013-05-04 9 US DATA May 7 March consumer credit May 8 EIA petroleum status report May 9 Jobless claims May 10 Treasury budget for April SINGAPORE DATA May 7 April foreign reserves EVENTS May 6 ECB president Mario Draghi to speak in Rome International Atomic Energy Agency79 words
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Page 9 Miscellaneous
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Miscellaneous337 2013-05-04 9 Across 1 Fantastic display of oral and physical mischief this morning (5,5,3) 10 One of the family foregoes a right which is questionable (7) 11 Ram-raider in prison? (7) 12 Learner dismissed for being an oaf (4) 13 A doctor required about to turn yellow! (5) 14 They look round337 words
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Miscellaneous18 2013-05-04 9 SATURDAY with Ludwig ‘I’m afraid I might have a drinking problem I can’t stand the taste of wine...’18 words
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RAFFLES CONVERSATION
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Article, Illustration2803 2013-05-04 10 / 11 Anthony Rowley - Japan’s opposition sensei' opposition‘sensei’ Dubbed the Shadow Shogun for his deft behind-the-scenes manoeuvring, Ichiro Ozawa is back in the limelight, with a new party and an old clarion call to reform Japanese politics Anthony Rowley Tokyo Correspondent btnews@sph.com.sg ICHIRO Ozawa is a frank and fearless Japanese political veteran who hasPHOTO: ICHIRO OZAWA - 2,803 words
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COMPANIES
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Article459 2013-05-04 12 Andrea Soh - Higher ship-repair and rig-building activities boost revenue 11.4% to $1.05 billion By Andrea Soh sandrea@sph.com.sg Singapore SEMBCORP Marine’s net earnings rose 5 per cent in the first quarter of 2013, helped by non-turnover income from rental, settlement of claims and sales of scrap and a459 words
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409 2013-05-04 12 Lynn Kan - By Lynn Kan lynnkan@sph.com.sg Singapore COSCO Corporation (S) saw a dramatic 65 per cent fall in first quarter net profit to $9.7 million from $27.8 million a year ago as a result of fewer ship deliveries from its yards. The409 words
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391 2013-05-04 12 Carine Lee - Turnover up 41% as property development revenue jumps 72% By Carine Lee carinel@sph.com.sg Singapore ROXY-PACIFIC Holdings Limited saw its net profit for the first quarter ended March 31, 2013, rise 31 per cent year-on-year to $11.8 million from $9.04 million. The speciality property391 words
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282 2013-05-04 12 Lee Meixian - By Lee Meixian leemx@sph.com.sg Singapore SINGAPORE Technologies Engineering (ST Engineering) has acquired the assets of Texas-based Turbo Mach LLC in a move to grow the group’s aerospace sector’s composite and manufacturing capacities. ST Engineering said yesterday that the acquisition of282 words
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647 2013-05-04 13 Grace Leong - It has secured control of special bank account, but will still seek defamation suit By Grace Leong gleong@sph.com.sg Singapore SAKAE Holdings has dropped two legal actions against its former non-executive director, Andy Ong Siew Kwee, after it secured rights to jointly control a special647 words
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313 2013-05-04 13 Lee Meixian - Its AGC unit working with client to resolve dispute By Lee Meixian leemx@sph.com.sg Singapore AUSGROUP Ltd yesterday said that about A$21.7 million (S$27.6 million) in progress payments for structural, mechanical and piping installation works carried out by its unit, AGC Industries, has313 words
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277 2013-05-04 13 Grace Ng - By Grace Ng ngrace@sph.com.sg Singapore INDONESIAN instant noodles manufacturer Consciencefood Holding Limited posted a decrease in first-quarter net profit, dragged down by an increase in production cost and operating expenses. Consciencefood’s net profit for the three months ended March 31, 2013, attributable to the owners277 words
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Business briefing
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68 2013-05-04 13 SINGTEL’S associate company, Bharti Airtel, has entered into a binding agreement with Qatar Foundation Endowment (QFE) under which the India-based global telecommunications services provider will issue 199,870,006 new shares to QFE representing a post-issuance shareholding of 5 per cent. QFE will68 words
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63 2013-05-04 13 SINGAPORE-LISTED Vard Holdings Ltd has secured a contract with repeat customer Island Offshore for the construction of one advanced offshore support vessel. The contract amounts to approximately 400 million Norwegian krone (S$85.3 million), and delivery is scheduled from Vard Brevik in Norway63 words
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78 2013-05-04 13 PENGUIN International reported first quarter net profit of $1.55 million, against just $2,000 in the comparable period last year due to more ship repair and shipbuilding activity. The result was also helped by a gain from the sale of a fleet vessel. Revenue78 words
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394 2013-05-04 14 Kenneth Lim - 53 of the world’s top 300 PE funds are based in Asia By Kenneth Lim kenlim@sph.com.sg Singapore ASIAN private equity funds continue to attract capital at a robust clip, adding to the region’s heft in a global ranking by Private Equity International (PEI).394 words
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378 2013-05-04 14 Teo Si Jia - By Teo Si Jia teosj@sph.com.sg Singapore SINGAPORE Exchange’s (SGX) daily average value of securities last month, at a turnover of $1.4 billion, was 18 per cent higher than in April 2012. This is despite April 2013’s figure being 12 per cent below that378 words
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398 2013-05-04 14 Benjamin Aw - Consumers name most reputable companies across 5 sectors in poll By Benjamin Aw benaw@sph.com.sg Singapore COMPANIES that want to acquire greater reputational capital should provide good customer service and earn the trust of stakeholders, according to the Corporate Reputation Survey 2013. The biennial398 words
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Article, Illustration605 2013-05-04 15 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior Senior Correspondent THE shift from penny stocks to the larger, index components has been very pronounced this week, with the banks, Sing el and Jardine companies propelling the Straits Times Index (STI) to fresh fiveyear highs. On Thursday,605 words
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Article114 2013-05-04 15 Stock name Close Change CapMallsAsia 2.060 -0.030 CapitaLand 3.670 -0.060 CapitaMall 2.330 +0.010 CityDev 11.38 +0.120 ComfortDelGro 1.955 -0.055 DBS Grp 17.40 -0.120 GLP 2.800 +0.030 Genting SP 1.485 -0.125 Golden Agri 0.525 +0.005 HK Land 7.390 -0.010 HPH Trust US$ 0.830 +0.005 JMH 65.20 +0.200 JSH 39.51114 words
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Article, Illustration529 2013-05-04 15 Grace Leong - Firm clarifies media reports about its president and COO and RWS CEO By Grace Leong gleong@sph.com.sg Singapore GENTING Singapore shares plunged nearly 8 per cent yesterday as news of unexpectedly softer first-quarter results netted several analyst downgrades and as management turns cautious onSource: Bloomberg - 529 words
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Article232 2013-05-04 15 VOL CLOSE Genting SP 1 39 V038 148 .5 1 2 .5 7 .8 Innopac 1 1 5 Innopac 964 20 .5 0 .5 2 .5 CNA 1 04 104,825 825 1 3 0 .1 0 .8 Transcu Grp 86 86,921 921 1 .2 0 .1 9232 words
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Article61 2013-05-04 15 BY CENTS CLOSE UP GLD 10US$ ***** 245.5 1.4 DBXT MSKorea 10US$ 5805 172.7 2.5 DBXT MSJAP 10US$ 4541 50.6 0.9 Lyxor Europe 10 US$ 1349 49.3 3.1 JSH 3951 27.1 0.6 JMH 6520 24.7 0.3 Hyflux 6% CPS 10 ***** 24.0 0.2 DBXT MSWorld 10US$ 377 19.761 words
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Article59 2013-05-04 15 BY CENTS CLOSEDOWN DBXT Nifty 10US$ ***** -185.0 -1.3 IS S&P500 ***** -54.3 -0.3 Venture Corp 721 -34.0 -4.5 DBXT MSINDO 10us$ 1711 -27.1 -1.3 BMT 500 -25.0 -4.8 Lyxor China H 10US$ 1403 -22.2 -1.3 CIMBASEAN40 100S$D 1420 -20.0 -1.4 UOB 2180 -20.0 -0.9 DBXT FTVietnam 10US$59 words
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Page 13 Advertisements
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Advertisement18 2013-05-04 13 r Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements CLA/FEB1 1/g18 words
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Page 14 Advertisements
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Advertisement23 2013-05-04 14 MAY ISSUE OUT NOW! DIGITAL EDITION IS AVAILABLE FOR TABLETS AND SMARTPHONES! 50%OFF1-YEAR DIGITAL SUBSCRIPTION DOWNLOADTORQUE SINGAPORE THROUGH THESE PLATFORMS: OR VISIT WWW.TORQUE.COM.SG23 words
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FROM THE DESK OF
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Article, Illustration895 2013-05-04 16 Chart Chai - FROM THE DESK OF Like the Bard’s illustration of the Seven Ages of Man, Business Intelligence projects also go through an ageing cycle where programs can go from Baby to Geriatric Chart Chai Associate Director, Business Intelligence, Protiviti ‘ALL the world’s a stage, and all the men895 words
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SINGAPORE
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Article, Illustration437 2013-05-04 17 Lynn Kan - Transparency, accountability highly valued in capital markets, while new standards will have much impact on businesses By Lynn Kan lynnkan@sph.com.sg FINANCE professionals need to maintain the quality of financial reporting amid myriad changes in financial reporting standards, said the Accounting and Regulatory Authority of437 words
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Article, Illustration210 2013-05-04 17 THE Moove Media cows started grazing on Singapore’s landscapes again yesterday and will continue to do so until May 26. Moove Media, the advertising arm of ComfortDelGro Corp, has teamed up with the National Parks Board (NParks) to launch a “Happy Cows,210 words
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421 2013-05-04 17 Ronnie Lim - Dutch firm to focus on growth in Mideast, Malaysia, Rotterdam By Ronnie Lim ronnie@sph.com.sg THE largest oil and chemical terminal operator here has said in its latest first-quarter financials that it will continue focusing on expansion projects under the current oil-hub strategy here,421 words
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Article, Illustration477 2013-05-04 18 Ng Sai Ying - NTU sets up Newri water research facility at JTC CleanTech Park By Ng Sai Ying nsaiying@sph.com.sg YESTERDAY’S official opening of a facility for water research marks a step-up in collaborations between scientists and industry and intensifies the search for real-world applications for discoveries made477 words
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470 2013-05-04 18 Malminderjit Singh - Most of these healthcare professionals have degrees now By Malminderjit Singh msingh@sph.com.sg IF you need the services of a therapist, dietitian or radiographer, there is a much higher chance now than before that you will easily find one and one who is470 words
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301 2013-05-04 18 Lim Jia Ying - By Lim Jia Ying sofialim@sph.com.sg INTERNATIONAL Enterprise (IE) Singapore and the Asian Development Bank (ADB) have launched a public-private partnership (PPP) initiative to promote infrastructure development in Asean. Based out of Singapore, the initiative will be funded at US$9 million over three years301 words
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WORLD
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601 2013-05-04 19 Markets disappointed as central bank says there’s little space for further monetary easing Reuters Mumbai INDIA’S central bank cut its benchmark interest rate by 25 basis points yesterday for the third time since January, as expected, as growth slows and inflation ebbs, butReuters - 601 words
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Article, Illustration497 2013-05-04 19 Bloomberg Sydney QANTAS Airways Ltd, Australia’s largest carrier, has been approached by investors seeking stakes in units of Jetstar budget airline across Asia as it readies to start a venture with China Eastern Airlines Corp in Hong Kong. The investorsBloomberg; PHOTO: REUTERS - 497 words
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382 2013-05-04 20 904 suspects arrested since end-Jan for selling and producing fake or tainted meat products Reuters Beijing CHINESE police have broken a crime ring that passed off more than US$1 million in rat and small mammal meat as mutton, authorities said, in a food safety crackdownReuters - 382 words
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Article, Illustration384 2013-05-04 20 AFP Hong Kong BIRMINGHAM City owner Carson Yeung failed in his bid to have his money-laundering case thrown out of court yesterday as the judge rejected his arguments that he would not receive a fair trial. The former hairdresser-turned-football tycoon from HongAFP; PHOTO: AFP - 384 words
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528 2013-05-04 20 AFP London KATHY Trevelyan pushes the bland mixture of gloopy rice and cubes of unidentifiable vegetables around the plate with her fork, contemplating five days of eating only this for lunch. It might be standard fare for millions ofAFP - 528 words
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Briefing
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91 2013-05-04 22 Re uters Canberra Australia has announced a significant boost to its military air power, committing to buy up to new 100 Lockheed Martin F-35 Joint Strike Fighters, as it shifts its focus back to the Indo-Pacific. After more than a decade of having forcesReuters - 91 words
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100 2013-05-04 22 Reuters Greater Noida, IndiaA global liquidity infusion risks leading to asset bubbles, China, Japan, South Korea along with a host of South-east Asian nations said yesterday. The Asean group of nations, plus China, Japan and South Korea, are strongly committed to enhancing effortsReuters - 100 words
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94 2013-05-04 22 AFP Washington Myanmar’s leader is scheduled to make a landmark visit to Washington this month, a source said, as the United States eased visa restrictions in a sign of support for implementing reforms. President Thein Sein, who would be the first leader ofAFP - 94 words
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Article, Illustration549 2013-05-04 22 Economy headed for two-year slump, GDP expected to fall 0.4% this year Bloomberg Brussels THE euro-area economy will shrink more than previously estimated in 2013 as part of a two-year slump that has pushed up unemployment to a record, according toBloomberg; PHOTO: AFP - 549 words
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394 2013-05-04 22 Stronger-than-expected growth in April augurs well for Britain’s economy Reuters London BRITAIN’S economy may finally be gaining some ground, with stronger-than-expected growth in the dominant services sector capping a week of fairly upbeat economic news. The services sector which accounts for about three-quartersReuters - 394 words
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Page 19 Advertisements
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Advertisement200 2013-05-04 19 THE BUSINESS TIMES SATURDAY SPECIAL Enjoy a 30% discount for premium ala carte buffet including sushi, sashimi, Okinawa Hot Pot and more from the usual price of $48++! Shabu-shabu at 30% off! Venue: En Japanese Dining Bar, only at PARCO Millenia Walk, (Itadakimasu #03-05) Tel: *****755 Website: www.endiningbars.com Terms Conditions200 words
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Page 21 Advertisements
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Advertisement166 2013-05-04 21 AS SIMPLE AS 1,2,3 Be it a property, car or job opening and anything under the sun, advertising on our respective sites is really hassle-free. Check out any of these 3 easy ways to get started: 1. DIYOR EMAIL Simply visit any of our portals to self-register and place your166 words
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Article8150 2013-05-04 23 Transaction date: May 3 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.4 8Telecom 12.5 -0.5 2 12.5 12.5 12.5 13.5 10.6 0.9 10.3 59.9 5.2 3 A-Sonic 3.8 +0.1 77 3.8 3.48,150 words
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Article1834 2013-05-04 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21.5 15 t 800 Super 19.3 19.3 21 3.3 5.2 5.8 34.5 6.2 2.8 t AA Grp 4.1 3.7 6.7 205 3.9 40 17.2 t1,834 words
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Article186 2013-05-04 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 9 4 0 0 0 3 9 4 Manufacturing 34 66 43 6 10 10 40 76 53 Commerce 16 28 19 1 7 5 17 35 24 Tpt/Stor/Comms 8 22 13186 words
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Article819 2013-05-04 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Apr 29 Substantial Buy NO Of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock oaui Director Ccmv POO Shr i C'ooo) (000) u£)7F-- h m llryay 2-May-->3 Tin g 1 HUIgbsap •Sell 21'WO iixaxi ***** T7 47 K-Grosn819 words
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Article123 2013-05-04 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,624 32,624 83,553 83,553 Manufacturing 333,765 121,264 455,029 236,451 9,798 246,250 Commerce 142,747 55,771 198,518 101,839 4,824 106,663 Tpt/Stor/Comms 112,221 15,328 127,549 241,972 6,025 247,998 Finance 133,428 1,739 135,167 207,444 858 208,303 Construction 60,548 12,962123 words
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MARKETS
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Article93 2013-05-04 27 May 2 COCOA (£/tonne) Close Prev High Low May 13 1565 1566 1578 1557 Jul 13 1570 1566 1583 1562 Sep 13 1577 1573 1588 1569 Dec 13 1579 1576 1591 1572 COFFEE(US$/tonne) Close Prev High Low May 13 1983 1964 1988 1969 Jul 13 2020 1999 2030 199993 words
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Article65 2013-05-04 27 May 3 GOLD(US$/oz) May 03 May 02 Hong Kong 1485.50 1464.00 May 02 May 01 London 1465.74 1445.40 1467.46 1446.15 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 30.07 29.18 Source: UOB PLATINUM Lon (US$/oz) May 02 Close Previous PM Fix 1487.00 1480.00 AM Fix 1477.00 1500.00 Source:65 words
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Article118 2013-05-04 27 May 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.296 1.235 Can dollar 1.244 1.197 Euro 1.651 1.573 Sterling pound 1.955 1.880 NZ dollar 1.077 1.036 US dollar 1.258 1.199 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article45 2013-05-04 27 May 3 K.LCE PALM FUTURES (RM/MT) '■kton'*’ £iru> P/r* I Mi Jiw MV* firm Tj aynf/f Vto> IJ mm.i .;aixi /VMVO *T73 150P Of/p .lul i: JJ'lrj -Silt -tfajti •WU 153to 6Vjri 1? .'17 in ;Sao 228&JD :24rt0 TTOC :^3& Source: Bursa Malaysia45 words
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Article98 2013-05-04 27 May 3 TREASURY BILLS Period issue Maturity Yesterdays Dny* code Bid High low 3-Moil Hi acjfaiiOA 25-Jul -13 0.24 OU 'i-MoiTtti 05UI08N 01 -Nov’ 5 0.25 0.22 1-vear 8Y1310QH 02-M»y-ia a25 GOVERNMENT BONOS Period Issue Coupon Marurity Close Da/« cede rate Bid High Low 2-Yeai N*****0S 0,25 0*--Feb-1598 words
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Article155 2013-05-04 27 May 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2639 1.2655 1.0247 1.0252 Canadian dollar 1.2182 1.2193 0.9878 0.9877 Euro 1.6161 1.6177 1.3103 1.3105 NZ dollar 1.0495 1.0505 0.8509 0.8510 Sterling pound 1.9158 1.9175 1.5533 1.5534155 words
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Article104 2013-05-04 27 May 2 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 13 1441.00 1437.50 1454.25 1435.75 Jul 13 1372.25 1373.00 1383.25 1368.00 Aug 13 1318.25 1319.25 1327.75 1315.75 Sep 13 1247.50 1250.00 1254.00 1245.50 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low May 13 48.42 48.64 48.85104 words
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Article68 2013-05-04 27 May 2 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 100.95 1.81 WTI (Near Mth) 93.90 2.85 Dubai (1-Mth F) 97.23 -1.03 Tapis blend 104.32 -1.08 Minas 99.82 -1.08 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 89.61 -4.22 Jet Kerosene 111.73 -3.07 US$/barrel OpecOil Basket Price 98.9768 words
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Article71 2013-05-04 27 May 02 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1774.25 1785.75 3 months 1811.00 1824.00 Copper, Grade A (US$/tonne) Cash 6818.00 6761.75 3 months 6848.00 6769.00 Lead (US$/tonne) Cash 1923.25 1959.50 3 months 1941.00 1979.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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373 2013-05-04 27 In local curr In S$ In US$ dy yr dy yr dy yr May 2 Index Change Change Change Change Change Change World Preliminary 1048.9 0.5 11.8 0.4 11.1 0.2 9.8 EAFE Preliminary 874.8 -0.1 12.9 -0.5 9.6 -0.7 8.3 Europe Preliminary 1236.9 0.1 7.8373 words
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PERSPECTIVE
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Article, Illustration1037 2013-05-04 28 / 29 Leon Hadar - But news reports indicate his administration is preparing to send lethal weapons to some rebel groups in Syria Leon Hadar Washington correspondent According to a February poll conducted by the Pew Research Center that quizzed Americans on their ability to correctly identify placesPHOTO: AP - 1,037 words
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845 2013-05-04 28 / 29 Frank-Jurgen Richter - By Frank-Jurgen Richter ~The writer is founder and chairman of Horasis, a global visions community DESPITE the fact that the dust has barely settled from the bombs that exploded at the Boston Marathon last month, the power of communication and dialogue has never845 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1412 2013-05-04 30 / 31 Andrew Ross Sorkin - They’re not rational and based on considered strategy as many would believe, writes Andrew Ross Sorkin Andrew Ross Sorkin NYT PSST. That’s how you might imagine “leaks” of big mergers and acquisitions start. A well-placed phone call. An off-handed comment over lunch. ANYT; PHOTO: REUTERS - 1,412 words
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BROKER’S TAKE
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Article694 2013-05-04 30 / 31 Cai Haoxiang - Compiled by Cai Haoxiang Neutral DMG Partners research May 2 Close: US$0.83 HPHT (Hutchison Port Holdings Trust) reported an unexciting set of results as core earnings dropped marginally by 0.7 per cent y-o-y. The lacklustre earnings were contributed by weak throughput growth (+0.2 per cent y-o-y),694 words
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Article, Illustration1141 2013-05-04 34 Teh Hooi Ling - This time, the experiment is done with Malaysian and Indonesian stocks SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder REGULAR readers of this column would notice by now that I like to tease out stories by manipulating1,141 words
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SMART MONEY
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Article, Illustration1817 2013-05-04 32 / 33 Genevieve Cua - Watch and weigh your investment risks Understand the external risks that are likely to impact your investments as you seek better returns for your funds. By Genevieve Cua By Genevieve Cua ~gen@sph.com.sg INVESTING is an activity that proffers a chance to grow your money over a period of time. YetPHOTO: STOCK.XCHNG - 1,817 words
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650 2013-05-04 32 / 33 Genevieve Cua - By Genevieve Cua UNLESS you are content to stay in cash which itself is not without risk you incur some degree of risk once you begin to invest your money. The risk could range between fairly low such as if you invest in Singapore650 words
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WEALTH REAL ESTATE
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Article1055 2013-05-04 35 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 3 AND APRIL 9, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Echelon Apt 09/04/2013 99 732 1630 2227 Echelon Apt 03/04/2013 99 1001 1798 17961,055 words
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Article, Illustration518 2013-05-04 36 Rise in UBS index casts doubts on whether government has done enough to avert bursting of bubble Bloomberg Zurich RISKS to Switzerland’s housing market increased further in the first three months of the year, raising the question as to whether authorities have takenBloomberg; PHOTO: BLOOMBERG - 518 words
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858 2013-05-04 36 Bloomberg Chicago COMMONWEALTH Reit owns office buildings throughout the United States, yet employs no one. Cole Credit Property Trust III Inc, which leases about a thousand stores around the country to retailers such as CVS, Lowe’s and Walmart, also had no workers until aBloomberg - 858 words
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Article86 2013-05-04 36 IN the story “Khaw to pilot ‘soft landing’ in HDB resale market” (BT, April 27), National Development Minister Khaw Boon Wan was reported as saying that he is not ruling out the idea of imposing a minimum occupation period (MOP) for HDB resale flats, in response to an idea86 words
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Advertisement26 2013-05-04 32 / 33 This column on financial products is sponsored by MoneySENSE, a national financial education programme in Singapore. Find out more about other common financial products at www.moneysense.gov.sg26 words
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Page 1 Advertisements
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Advertisement73 2013-05-04 1 BT Living THE BUSINESS TIMES WEEKEND MAY 4 5 2013 BURGER BOOMTOWN TRAVEL Food and art at Metropolitan Bangkok L6-7 HOME GARDEN Dora Hoan's comfort zone L12-13 SHOPPING New furniture stores up the ante L10-11 From investment bankers to radio DJs everyone wants a piece of the burger action L2-473 words
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BT Living
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DINING
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Article, Illustration1445 2013-05-04 2 / 3 Debbie Yong - Another day, another new eatery to get your feed of gourmet burgers. Why is everyone scrambling to open a gourmet burger joint these days and just how profitable is the booming burger business? Debbie Yong traces the evolution of this food phenomenon Debbie Yong says.PHOTOS: CHARLIE & CO, THE SOUP SPOON - 1,445 words
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Article, Illustration736 2013-05-04 2 / 3 Debbie Yong - By Debbie Yong The Burger Bar by the Fatboys #01-16A/B Far East Plaza, 14 Scotts RoadZ6737 3315 Hours: 11.30am-10pm daily IF you’re the kind of food pedant who likes to hold up the queue at fast food joints by insisting on having your burgers upsized, withPHOTO: THE BURGER BAR - 736 words
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Article, Illustration745 2013-05-04 4 Sara Yap - By Sara Yap Meat Packing District #01-01 Bestway Building, 12 Prince Edward RoadZ9383 2134 Hours: 10am 6pm weekdays, by reservation only on Saturdays for a party of 10 from 10am to 2pm TO most of the local music community, Keith Tan is better known as thePHOTO: KEITH TAN - 745 words
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Article, Illustration632 2013-05-04 4 Sara Yap - By Sara Yap sarayap@sph.com.sg fast Food For Thought (fFFT) Singapore Art Museum 8 Queen Street www.facebook.com/FFTsg Opens 1st June WHILE the gourmet burger scene in Singapore is flourishing with fancy permutations of the humble meat patty restaurant Food For Thought is bucking the trend with aPHOTO: FAST FOOD FOR THOUGHT - 632 words
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WATCHES
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Article, Illustration547 2013-05-04 5 Inventory glut forces luxury watch companies to scale back NYT Basel, Switzerland AFTER opening hundreds of stores in China in recent years, some watch companies are facing an inventory glut and cutting back their retailing presence there. Shipments of timepieces to China from Switzerland,NYT; PHOTO: BLOOMBERG - 547 words
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TRAVEL
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Article, Illustration1029 2013-05-04 6 / 7 Jaime Ee - Knock back heady shots of art and food this month at Bangkok’s hip Metropolitan hotel. By Jaime Ee By Jaime Ee jaime@sph.com.sg ONE night in Bangkok is invariably spent in a bar party hearty men, women and those-in-be-tween, rubbing shoulders and bumping cocktails of luridPHOTOS: METROPOLITAN; PHOTOS: NAHM RESTAURANT - 1,029 words
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Article, Illustration551 2013-05-04 6 / 7 Jaime Ee - By Jaime Ee YOU know what it’s like. You’re on holiday, you don’t need all the business-y peripherals like function rooms, business centres or even fancy restaurants, especially when they all add up to a hefty daily room rate. At the same time, you don’tPHOTO: FOUR POINTS SHERATON - 551 words
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Article, Illustration1295 2013-05-04 8 / 9 Tay Suan Chiang - Savvy travellers know that a river cruise in Europe is another way to Cruisingalong enjoy what the cities have to offer, sans the hassle of lugging suitcases. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg A EUROPEAN holiday involving multiple cities always looks good on your travelPHOTOS: TAY SUAN CHIANG, AVALON WATERWAYS - 1,295 words
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SHOPPING
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Article, Illustration2156 2013-05-04 10 / 11 Tay Suan Chiang - drops in on three recently opened furniture stores, each aiming to fill a niche in the Singapore market Tay Suan Chiang taysc@sph.com.sg In Situ 238 River Valley Road Z6733 7307 Hours: Mon to Sat, 10am to 7pm, Sun 11 to 5pm HOMEOWNERS in Singapore are a house-proud lot2,156 words
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HOME & GARDEN
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Article, Illustration1387 2013-05-04 12 / 13 Tay Suan Chiang - zone From the get-go, Dora Hoan’s sprawling bungal w pai ts a picture of Zen, with the lull of lush greenery and koi. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg AS founder and group CEO of Best World International, Dora Hoan oversees more thanALL PHOTOS BY YEN MENG JIIN - 1,387 words
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GADGETS
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Article, Illustration583 2013-05-04 14 Christopher Lim - The Nexus 4 phone lets you experience Android phone software the way Google intended. By Christopher Lim limchris@sph.com.sg Google Nexus 4 $668 without contract THE most confusing thing about Google Android phones is the endless varieties the operating system is available in. Every major brand that uses583 words
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HEALTH
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Article, Illustration1074 2013-05-04 15 Michael Lim - New study shows that a significant increase in the ‘good’ cholesterol does not translate into a lower risk of heart events. By Michael Lim By Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (aPHOTO: STOCK.XCHNG - 1,074 words
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SPORTS
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Article, Illustration647 2013-05-04 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent SO much for the supposed dream Champions League final, eh? Instead of a showdown between Spanish giants Real Madrid and Barcelona in the May 25 showpiece at Wembley Stadium, football fans will be treated to a historic all-GermanPHOTO: AFP - 647 words
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573 2013-05-04 16 christy simson - kick off with christy simson ~The writer is Fox Sports Central’s senior news correspondent. Catch the show “live” every weeknight at 7.30pm on Fox Sports. “IKNOW in England I’m loved. I’m loved by the fans, I’m loved by the media, and I know I’m573 words
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GOLF
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Article, Illustration1175 2013-05-04 17 Justine Moss - The Team Golf League originated in Bangalore, India in 2010 and is set to make its debut in Singapore next month. By Justine Moss By Justine Moss btnews@sph.com.sg FOR aspiring golfers who wouldn’t make the cut as professionals or top amateurs, the opportunity to1,175 words
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MOTORING
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Article, Illustration601 2013-05-04 18 Samuel Ee - The high-performance Opel Astra OPC is as practical as it is good-looking. By Samuel Ee samuelee@sph.com.sg ASK any man what he likes best about the Opel Astra OPC after a test drive and he will probably carry on about its styling and performance. Ask any woman for her601 words
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Article, Illustration655 2013-05-04 19 Samuel Ee - The new Lexus IS hybrid is focused on fuel efficiency. By Samuel Ee samuelee@sph.com.sg THOSE familiar with the Lexus performance hybrid may be surprised to learn that the new IS Hybrid isn’t supposed to be one in the strict sense of the term. A petrol-electric model from655 words
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Article, Illustration639 2013-05-04 20 CY Chew - The Nissan Sylphy is a safe bet for customers looking for a family sedan with a smooth ride and low noise levels in the cabin. By CY Chew By CY Chew btnews@sph.com.sg NISSAN’S all-new Sylphy is the spiritual successor to the extremely popular Nissan Sunny of the639 words
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Advertisement306 2013-05-04 5 A i VALON WATERWAYS 8 A DREAM CRUISE STARTS WITH A OlrtOi'/A SHIP IP f v <* A r ;--v m <» Si E F~ I' LEGENDARY RIVER CRUISES. INSPIRED DESIGN. SM SAVE $2000 per couple* *selected cruises departure dates only A Avalon’s fleet is the youngest in Europe, its306 words
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Advertisement1023 2013-05-04 6 / 7 wine&dine with BTWeekend AquaMarine Marina Mandarin Singapore 6 Raffles Boulevard, Level 1 and 4 Mother’s Day Feast Valid May 11 12, 2013 Celebrate Mother’s Day with AquaMarine’s buffet feast specially prepared by our talented chefs at our Halal-certified food stations. Indulge Mum with a delightful array of Asian and International1,023 words
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Page 14 Advertisements
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Advertisement28 2013-05-04 14 I s Draw attention to your home with some new drapes. To find out more, turn to CLASS 94 in CATS Classified in The Straits Times now. WATS28 words
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