The Business Times, 8 May 2013

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Microfilm: NL32575
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, May 8, 2013G
    25 words
  • Article, Illustration
    Lock icon End of HK port strike won’t heal deep scars
    740 1  -  It’s likely to raise costs, hit volumes and affect financials at HPH Trust By LYNN KAN [SINGAPORE] While the dust has settled after Hong Kong International Terminals and striking port workers shook hands on a pay rise, some of the lustre
    PHOTO: AFP  -  740 words
  • Article, Illustration
    Lock icon Unshackled after polls, ringgit regains strength
    927 1  -  Analysts tip it to grow even stronger in the months ahead as political uncertainty is lifted By TEH SHI NING [SINGAPORE] The Malaysian ringgit, which took pause yesterday after a post-election surge, is likely to stay strong and end the year at around 3.00
    Source: Bloomberg  -  927 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,383.16 (+0.87) GST INDEX FUTURES 3,374.00 (+2.00) GSIMSCI 382.99 (+0.08) GSIMSCI FUTURES 381.90 (+0.40) US$ S$ US$ (S$ per US$) 1.231 (US$/S$ per 1.553 1.912 EURO (US$/S$/€ 1.308 1.611 Foreign currency per US$ S$ YEN 99.10 80.50 RM 2.979 2.419 HK$ 7.761 6.303 BAHT 29.65 24.08 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,776.73 +24.71 NIKKEI 225 14,180.24 +486.20 HANG SENG 23,047.09 +132.00 SET INDEX 1,601.15 +22.20 JAKARTA COMP 5,042.79 +50.92 MANILA COMP 7,146.12 -24.53 SEOUL COMP 1,954.35 -7.13 SHENZHEN B 842.68 +5.94 MUMBAI IND 19,888.95 +215.31 12noon EDT Change DOW 15,004.37 +35.48 NASDAQ 3,389.12 -3.85
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE 5 38 HONG KONG 6.55 HONG KONG TAIWAN INDONESIA 13.299 TAIWAN BRITAIN JAPAN 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
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      Lock icon Page 1 Advertisements Column 1
      105 1 S’PORE NEWS Alpha selling 135 Cecil Street: sources STRAIT TALK Don’t forget the hostages PAGE 24 HOCK LOCK SIEW Olam rejuvenated after Muddy Waters saga PAGE 5 EXEC MONEY Overseas Indians trust S’pore as wealth centre PAGE 32 PAGE 9 The leading Swiss private banking group. Since 1890. www.juliusbaer.asia My
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      433 2 Unshackled after polls, ringgit regains strength THE Malaysian ringgit, which took pause yesterday after a post-election surge, is likely to stay strong and end the year at around 3.00 against the US dollar, a level rarely seen over the last 16 years since the Asian financial crisis, according
      433 words
    • Article
      Lock icon Optus to pay A$649m for 4G spectrum
      471 2  -  Spectrum auction in Australia fetched A$1.96b in total By JOYCE HOOI [SINGAPORE] SingTel’s Optus will shell out A$649 million (S$813.4 million) for 4G spectrum in Australia, after successfully bidding in the 700 Megahertz (MHz) and 2.5 Gigahertz (GHz) bands, it said yesterday. The
      471 words
    • Article, Illustration
      Lock icon Ex JPM’s Philip Lee to head Deutsche
      536 2  -  By SIOW LI SEN [SINGAPORE] Deutsche Bank has appointed Philip Lee as its chief country officer for Singapore and vice-chairman for South-east Asia effective from July 8, 2013. Mr Lee, who used to be the Singapore face of US investment bank JP Morgan,
      536 words
    • Article, Illustration
      Lock icon M’sian paper flashes race card after polls
      462 2  -  By in S JAYASANKARAN in Kuala Lumpur PRIME Minister Najib Razak yesterday downplayed a front-page story in an influential Malay daily yesterday that blamed the Chinese for the Barisan Nasional’s poor showing in Sunday’s general elections. Utusan Malaysia, a daily owned by the
      PHOTO: AFP  -  462 words
    • Article
      Lock icon Microsoft to unveil major upgrade for Windows 8
      794 2  -  The Blue update this year comes after customer feedback By AMIT ROY CHOUDHURY [SINGAPORE] While the jury is still out on whether Microsoft’s latest operating system (OS), Windows 8, has been a success or not, the Redmondheadquartered company has announced that a
      794 words
    • Article
      Lock icon COE premiums seen remaining stable
      489 2  -  Backlog of orders will support Cat A premiums, but Cat B may fall slightly By SAMUEL EE [SINGAPORE] The new car market has been generally quiet over the last two weeks but most distributors expect COE premiums to remain relatively stable in today’s bidding exercise.
      489 words
    • Article, Illustration
      Lock icon Liew Mun Leong to teach at NUS Business School
      712 4  -  Ex-CapitaLand CEO granted professorship to teach leadership and management By ONG CHOR HAO [SINGAPORE] He’s now Professor Liew Mun Leong as the former CapitaLand chief steps into the world of academia. Mr Liew has been appointed Provost’s Chair Professor (Practice) at
      PHOTO: JAMIE KOH/THE STRAITS TIMES  -  712 words
    • Article
      Lock icon SCDF chief’s trial closes with a prosecution poser
      794 4  -  By GRACE LEONG [SINGAPORE] “Must there be a time limit for a person to feel beholden, so long as his servitude has already been bought by the gratification?” This was the question prosecutors yesterday raised in closing arguments in the trial of
      794 words
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      Lock icon Page 3 Advertisements Column 1
      230 3 DRIVEN BY INSPIRATION. DESIGNED FOR LIFE Sculpted by Pininfarina, the Italian masters behind the world’s most iconic supercars, Ferra is the epitome of exquisite taste and craftsmanship. A stunning 22-storey bespoke masterpiece, it is a spectacle at every turn—from its futuristic, fluid landscaping to showroom-style parking spaces—complemented only by the
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      118 4 V Wk i mm a .ti r V VI m P«iiL i* IS 'nr^ m a'. B Zi w ORCHARD RQ4D /I GRB/IT STREET Free WIFI Download the PARAGON App Available WHERE MIRRORS ND POLIShiEDSURFACES REFLECT GOOD TASTE. Our marble halls play host to the world's finest luxury brands and
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon ST Engg posts $134m Q1 profit
      380 5  -  Earnings dip 0.3% as revenue inches up 0.2% to $1.54b By NISHA RAMCHANDANI SINGAPORE Technologies Engineering (ST Engg) reported a net profit for the first quarter ended March 31, 2013, of $134 million, down 0.3 per cent year-on-year. Revenue was largely flat at $1.54
      ST FILE PHOTO  -  380 words
    • Article
      Lock icon Olam rejuvenated after Muddy Waters saga
      656 5  -  HOCK LOCK SIEW By ANDREA SOH Maybe it wasn’t such a bad thing after all. Strip away the hysteria, the namecalling, the finger-pointing, and the Muddy Waters episode might not prove such a murky one for Olam International. The agri-commodities firm on April 25
      656 words
    • Article
      Lock icon OSIM Q1 net up 13%
      446 5  -  Performance boosted by strong sales of uAngel chair By CAI HAOXIANG LIFESTYLE products group OSIM International posted a net profit of $25.1 million for its first quarter ended March 31, 2013, up 13 per cent from the same period a year ago. Revenue was flat
      446 words
    • Article, Illustration
      Lock icon Eu Yan Sang Q3 earnings up 54%
      493 7  -  New factory to be built in Hong Kong to boost capacity: Richard Eu By CAI HAOXIANG TRADITIONAL Chinese medicine retailer Eu Yan Sang International posted a 54 per cent year-on-year increase in net profit to $8.4 million for its third quarter ended March
      493 words
    • Article
      Lock icon PCRT posts DPU of 0.95 cents in Q1
      454 7  -  By MINDY TAN PERENNIAL China Retail Trust’s (PCRT’s) available distribution per unit (DPU) for the first quarter ended March edged up to 0.95 cents from 0.94 cents a year ago. This was on the back of an increase in amount available for
      454 words
    • Article
      Lock icon FJB Q3 earnings shrink as revenue dips
      475 7  -  By NISHA RAMCHANDANI RETAIL group FJ Benjamin Holdings posted a net profit of $417,000 for the third quarter ended March 31, 2013, down from $3.48 million a year ago, on the back of softer spending in South-east Asia and weaker demand in North
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    • Article
      Lock icon Otto Marine fully redeems $100m 3-year notes
      191 7  -  By BENJAMIN AW OTTO Marine’s wholly owned subsidiary, Otto Marine Services Pte Ltd, has fully redeemed its $100 million three-year unsecured notes due May 6. The notes carried a fixed rate of 4.845 per cent and were issued in 2010 under its $500
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    • Article
      Lock icon Triyards unveils its own model of jack-up rigs
      568 8  -  TDU-400 will have advantage over other rigs in price, weight and design By LYNN KAN TRIYARDS Holdings yesterday lifted the veil on its own jack-up rig model, the TDU-400. And with that, Triyards entered the ranks of rigbuilders such as Keppel Fels
      568 words
    • Article
      Lock icon Investment firms value good name: survey
      641 8  -  By KENNETH LIM REPUTATIONAL risk has emerged as one of the biggest concerns for investment institutions worldwide, according to a report by the Economist Intelligence Unit sponsored by State Street. The report also found that asset managers and insurance and pension funds have sharply
      641 words
    • Article, Illustration
      Lock icon A-HTRUST to hold EGM for Park Hotel Clarke Quay buy
      430 8  -  BY MINDY TAN ASCENDAS Hospitality Trust (A-HTRUST) will hold an extraordinary general meeting later this month to seek approval to issue up to 300 million new stapled securities to help fund the acquisition of Park Hotel Clarke Quay. The issuance
      ST FILE PHOTO  -  430 words
    • Article
      Lock icon Oxley sets up $300m MTN programme
      237 8  -  By KENNETH LIM OXLEY Holdings has set up a $300 million multicurrency medium-term note (MTN) programme to possibly raise capital for general purposes, the property developer announced yesterday. Oxley may issue debt under the programme from time to time to pay for refinancing of
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    • COMPANY BRIEFS
      • Article
        Lock icon Food Junction reports $540,000 loss for Q1
        80 8 FOOD court and restaurant operator Food Junction reported a loss of $540,000 for its first quarter after turning in a net profit of $64,000 a year ago. The loss was due to higher total operating expenses, which rose 17.4 per cent to $16.7
        80 words
      • Article
        Lock icon No merit to tenants’ claims: CITM
        145 8 THE manager of Cambridge Industrial Trust (CIT) said yesterday that claims in a lawsuit brought upon it and CIT’s trustee by two tenants of a CIT-owned industrial property are “unmeritorious”, and that it will defend itself “vigorously”. Its statement comes after BT reported that
        145 words
      • Article
        Lock icon Tsit Wing Q1 profit up more than four times
        86 8 HONG KONG food and beverage supplier Tsit Wing International made first-quarter net profit of HK$2.6 million (S$413,190) more than four times the HK$628,000 earned a year ago, on the back of higher sales. Revenue for the three months ended March 31,
        86 words
      • Article
        Lock icon EnerMech invests over £13m in US, Mexico
        72 8 MECHANICAL engineering group EnerMech said it has invested more than £13 million ($24.8 million) to cement its presence in the United States and Mexico. Its investments include a move to a new 50,000-square-foot workshop, office and storage facility near to Houston’s Energy Corridor,
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      • Article
        Lock icon Hi-P Q1 profit more than quadruples
        65 8 HI-P International Ltd’s first-quarter net profit rose to $6.9 million over four times that of the $1.5 million it earned a year ago due to lower cost of materials as a result of shifts in its product mix and improvements in productivity. The rise
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market surrenders early gains
      562 6  -  ST Index closes just 0.87 of a point up in subdued session after rising 15 points in the morning STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index’s (STI) recovery from last Friday’s 35-point slide continued yesterday but only just. The morning session saw the index
      Source: Bloomberg  -  562 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 1 0 0 0 5 8 1 Manufacturing 77 42 33 16 7 7 93 49 40 Commerce 31 14 14 7 3 4 38 17 18 Tpt/Stor/Comms 21 11 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 58,423 58,423 262,843 262,843 Manufacturing 484,474 267,968 752,442 221,157 18,463 239,619 Commerce 159,047 131,204 290,251 105,847 11,382 117,228 Tpt/Stor/Comms 121,905 14,890 136,795 152,827 5,809 158,636 Finance 130,042 836 130,878 240,325 414 240,739 Construction 183,817 26,761
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 2.030 -0.040 CapitaLand 3.660 -0.050 CapitaMall 2.380 +0.040 CityDev 11.43 ComfortDelGro 1.990 DBS Grp 17.41 -0.040 GLP 2.900 Genting SP 1.490 +0.030 Golden Agri 0.535 HK Land 7.410 +0.010 HPH Trust US$ 0.830 +0.005 JMH 65.22 -0.080 JSH 39.80 +0.140 Jardine
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    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      71 6 May 7 VALUE CLOSE BT OB/OS +81.00 BT CADI -*****.00 +91.00 BT 10-day MA -*****.00 FTSE ST Mid Cap 835.61 +1.93 FTSE ST Small Cap 588.73 +2.10 FTSE ST All Share 833.28 +0.68 FTSE ST China Top 217.41 +0.64 FTSE ST China 246.62 +0.76 FTSE ST Catalist
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    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME Lorenzo 108,955,000 Golden Agri 108,355,000 OKH Global 104,081,000 Innopac 95,845,000 Polaris 92,506,000 WE Hldgs 91,288,000 Contel 74,443,000 Thai Beverage 70,467,000 Yongnam 64,189,000 Genting SP 63,255,000 VALUE($) DBS Grp 102,930,670 Genting SP 93,552,625 Keppel Corp 91,850,795 ST Engg 83,458,530 SembCorp Ind 81,811,027 Golden Agri 58,101,175 OCBC Bk
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    • BROKERS’ TAKE
      • Article
        Lock icon Yongnam Holdings
        337 6 May 7 close: $0.33 Maybank Kim Eng Research, May 7 OUR recently concluded non-deal roadshow in Singapore drew high levels of interest from institutional fund managers. The Asian infrastructure theme was of relevance, given the unprecedented boom, and Yongnam represents a highquality play, given its regional market leading
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      • Article
        Lock icon MTQ Corp
        350 6 May 7 close: $1.52 DMG Partners Research, May 7 MTQ reported a set of blockbuster FY2013 results with Patmi (profit after tax and minority interests) coming in 12 per cent ahead of estimates. The key to the stellar result was its new subsidiary, Neptune Marine Services (NMS), which
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      • Article
        Lock icon Overseas Union Enterprise
        250 6  -  Compiled by KENNETH LIM May 7 close: $3.08 CIMB Research, May 7 OVERSEAS Union Enterprise’s Q1 2013 result was below expectations due to: 1) higher administrative expenses, and 2) lower-than-expected associate income. While the result looks weak, we believe the potential Reit will remain the key share
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    • Article, Illustration
      Lock icon Euro up on German data; A$ weakens
      501 6 CURRENCIES Bloomberg [LONDON] The euro strengthened against the US dollar and yen yesterday after German factory orders unexpectedly increased in March, suggesting that the region’s largest economy is starting to grow again. The 17-nation currency rose against all except one of its 16
      Bloomberg; PHOTO: BLOOMBERG  -  501 words
    • Article
      Lock icon RISES
      109 6 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ *****5529.8 42.8 DBXT S&P500 10US$ 2638 108.4 3.5 DBXT FTChina25 10US$ 2885 78.8 2.3 DBXT Nifty 10US$ ***** 55.4 0.4 DairyFarm 1270 51.7 3.4 DBXT FTVietnam 10US$ 2451 50.5 1.7 Lyxor China H 10US$ 1442 48.0 2.8 CIMBAsean40 100US$ 1178 30.8 2.2
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    • Article
      Lock icon FALLS
      121 6 BY CENTS CLOSE DOWN DBS Bk 4.7% NCPS 100 ***** -224.0 -2.0 GLD 10US$ ***** -144.1 -0.8 Jardine C&C 4775 -40.0 -0.8 Spore Land 883 -19.0 -2.1 Baker Tech 32 -10.5 -24.7 UOL 715 -10.0 -1.4 JMH 6522 -9.9 -0.1 Raffles Med 329 -9.0 -2.7 DBXT MSTHAI 10US$ 2300
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      Lock icon Page 7 Advertisements Column 1
      545 7 Pubs Buckingham Palace Downing Street The Thames Haggis ney Westminster Syntagma Square Fado Sicilian Sempione Park Ostia Moskva River La Scala Gaudí Paella Tapas King’s Theatre Highlands Eiffel Tower Little Mermaid San Marco West End King’s Theatre Cannes West End Moskva River Plaka Glasgow Cockney Temple CockneyCockney Kilts Newcastle Sicilian
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      187 8 an e .peria event IMDEX ASIA rim IMDEX ASIA 2013 14 -16 May Changi Exhibition Centre Singapore ES I REGISTER NOW THE MUST-ATTEND EVENT FOR MARITIME PROFESSIONALS WORLDWIDE For more information, please visit SCAN FOR INFO www.imdexasia.com Created for maritime professionals to tap into the unparalleled business opportunities in the
      187 words
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      Lock icon Page 8 Advertisements Column 2
      21 8 Choose from Prime Stock I Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices MATS NOTICES CLA/FEB11/g
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Alpha selling 135 Cecil St, say sources
      508 9  -  Buyer said to be Indonesian tycoon Tahir, who also acquired RCL Centre on Keppel Road in 2011 By KALPANA RASHIWALA ALPHA Core Real Estate Fund, managed by Keppel Land unit Alpha Investment Partners, is said to be selling a 14-storey freehold office block
      FILE PHOTO  -  508 words
    • Article
      Lock icon 4 local firms among most sought-after employers: LinkedIn
      443 9  -  By MARIA MALA YOGALINGAM FOUR homegrown companies have made it to a list of the Top 20 Most In Demand Employers here, finding berths among several major global tech and finance companies. The local four on the list compiled by professional networking
      443 words
    • Article
      Lock icon Over 500 SMEs reap rewards from tech initiative
      565 9  -  GET-Up sees A*Star, EDB, IE S’pore and Spring join hands By MALMINDERJIT SINGH MORE than 500 small and medium-sized enterprises (SMEs) here have benefited from the government’s efforts to boost the research and development (R&D) capabilities of companies over the last decade.
      565 words
    • Article
      Lock icon SLNG’s Jurong Island terminal begins commercial operations
      589 9  -  New feedstock will diversify Singapore’s energy supplies By RONNIE LIM THE first regasified liquefied natural gas (LNG) from the just-started $1.7 billion Singapore LNG (SLNG) terminal will be fed into the gas grid here starting early this morning, with this additional feedstock helping
      589 words
    • Article
      Lock icon Minister urges region to raise financial reporting standards
      384 9  -  By MICHELLE QUAH WELL-RUN and integrated capital markets are the key to the economic future of this region; and more can be done to build a robust financial and accounting infrastructure to support the integrity of Asean’s capital markets. This was the
      384 words
    • Article
      Lock icon CPF Minimum Sum at $148,000 from July
      526 9  -  Figure expected to reach $160,000 by 2015 By CAI HAOXIANG SINGAPOREANS turning 55 from July 1 this year to June 30 next year will need to set aside $148,000 in their Central Provident Fund (CPF) savings, up from $139,000 previously. Known as the
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    • Article
      Lock icon S’pore scores well in world university ranking
      349 9  -  By NG SAI YING SINGAPORE universities are gaining a foothold among the world’s best tertiary institutions, offering 28 out of 30 subjects taught by the top 150 universities in the world, according to the 2013 Quacquarelli Symonds (QS) World University Ranking by Subject
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Rivals jostling for post of Selangor MB
      489 10  -  Anwar loyalist Azmin Ali said to be hoping to take over from Khalid Ibrahim By PAULINE NG in Kuala Lumpur THE Pakatan Rakyat (PR) alliance might have retained Selangor with a larger majority on Sunday in state elections but incumbent Menteri Besar Khalid
      PHOTO: THE STAR  -  489 words
    • Article, Illustration
      Lock icon BN win expected to clear path for IPOs of govt-linked firms
      497 10 [KUALA LUMPUR] The victory by the incumbent ruling party Barisan Nasional (BN) at Sunday’s general election is expected to help clear the path for several government-linked companies (GLCs) in Malaysia which have earmarked initial public offerings (IPOs) on Bursa
      497 words
    • Article
      Lock icon BN victory seen boosting construction sector
      392 10 Brokers upgrade sector citing imminent rollout of projects worth billions of ringgit [KUALA LUMPUR] The construction sector is poised to pick up pace with new rollout of projects after Barisan Nasional (BN) was returned to power in the 13th General Election, analysts said. AmResearch
      392 words
    • Article
      Lock icon Indonesia firm eyes US$150m IPO, say sources
      260 10 Electronics retailer aims to tap foreign investor demand Reuters [JAKARTA] PT Electronic City Indonesia (ECI), one of Indonesia’s biggest electronics retailers, is seeking to raise around US$150 million in an initial public offering in June 2013 as it aims to tap foreign investor
      Reuters  -  260 words
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      Lock icon Page 10 Advertisements Column 1
      302 10 UTm m i, 1 l-t edge ■jt fi« 3 SHIV'S Wp rr *r Sunday Brunch at Edge Kick-off a lazy Sunday with Edge's extensive Sunday Brunch spread. Highlights include Alaskan King Crab, Japanese Scallops, a 'live' Roti Prata station. Black Angus Rib Eye, Pan Fried Foie Gras and fresh seasonal
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Espionage fuels China’s military build-up: US
      723 11 Pentagon also cites Beijing’s progress in developing stealth aircraft, carrier fleet carrier capability. Reuters, AP [WASHINGTON] China is using espionage to acquire technologies to fuel its fastpaced military modernisation programme, the Pentagon said on Monday in an annual report that for the first time
      carrier capability. – Reuters, AP; PHOTO: AFP  -  723 words
    • Article
      Lock icon Dock of the pay
      366 11  -  By PETER THAL-LARSEN REUTERS BREAKINGVIEWS HONG KONG’s port strike is over, but the tensions that sparked it remain. Dockers are feeling the squeeze of Hong Kong’s rising living costs, while port operators face challenges from China’s slowing and shifting economy. Labour relations look set to stay
      REUTERS BREAKINGVIEWS  -  366 words
    • Article
      Lock icon Cost of China’s growth worrying
      483 11  -  By PAULINE CHIOU Pauline Chiou is a CNN anchor/correspondent and the co-host of ‘World Business Today’ based in Hong Kong. Follow Pauline on Twitter @PaulineCNN. For more business coverage, go to www. cnn. com/business [HONG KONG] China is slowing down but that’s not the alarming
      483 words
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      Lock icon Page 11 Advertisements Column 1
      21 11 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices WAT3 NOTICES CLA/FEB1 1/g
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      Lock icon Page 11 Advertisements Column 2
      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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  • INDIA
    • Article, Illustration
      Lock icon RBI will tackle cash crunch using all available options
      653 12 The central bank’s methods include adjusting banks’ cash reserve ratio [MUMBAI] India’s central bank said that it will consider all the options available to it to tackle tight liquidity in the market including adjusting banks’ cash reserve ratio, and not just
      PHOTO: BLOOMBERG  -  653 words
    • Article
      Lock icon Fresh scandals bring India’s govt to new low
      702 12 Railway and law ministers as well as PM face calls to quit Reuters [NEW DELHI] After riding high since launching economic reforms in September, Indian Prime Minister Manmohan Singh’s minority coalition has been brought to a new low, with key ministers entangled
      Reuters  -  702 words
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      Lock icon Page 12 Advertisements Column 1
      246 12 Never Hit Another The Road STCars is now available on Android iPhone for FREE! m T .i: 78% Guides Articles T 14:32 New Cars Ike-through Merc Samuel Ee lished; 2013-01-26 Ferrari FF 6.3 (A) Ital Auto $1,115,000 awing re- lory Featured New Cars Gallery Features •v ariaa 105/- bhp/rpm SUV
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  • ECONOMY WATCH
    • Article
      Lock icon IMF report praises Greece for reducing big deficits
      551 13 But it calls for more structural reforms, public sector layoffs AP [ATHENS] A report released on Monday by the International Monetary Fund praises Greece for its efforts to reduce big deficits and improve its competitiveness, but warns that more structural reforms, including
      AP  -  551 words
    • Article
      Lock icon Australia returns to trade surplus on record China exports
      352 13 Reuters [SYDNEY] Australian exports to China jumped to a record high in March as miners shipped a lot more iron ore, a sign of resilient demand in the Asian giant and a big positive for economic growth at home. The figures
      Reuters  -  352 words
    • Article
      Lock icon PICTET
      273 13 Pictet-Absl Rtn Glo Cons-P EUR 03/05/2013 EUR 105,26 Pictet-Absl Rtn Glo Div-P EUR 03/05/2013 EUR 120,21 Pictet-Asian Equities Ex Japan-P USD 03/05/2013 USD 180,22 Pictet-Asian Local Currency Debt-P USD 03/05/2013 USD 156,93 Pictet-Biotech-P USD 06/05/2013 USD 447,36 Pictet-Clean Energy-P USD 03/05/2013 USD 69,03 Pictet-Digital Communication-P USD 03/05/2013 USD 163,05
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    • Article, Illustration
      Lock icon RBA cuts interest rates to record low of 2.75%
      499 13 Move primes sectors left struggling as economy transforms away from mining AFP [SYDNEY] Australia’s central bank cut interest rates to a record low of 2.75 per cent yesterday, citing weak domestic inflation coupled with a persistently high Australian dollar as investment
      AFP  -  499 words
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      218 13 est.l996 RANKED *3* FOR ROI Applied Learning Award-winning faculty Part-time Global Network Recognition Time Tested Asia Experience NEVER MISS WORK Only UB can bring you all the benefits that come from being Singapore’s First Executive MBA The University at Buffalo School of Management established the first Executive MBA program in
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      326 14 w* m SUBSCRIBE TO LIANHE ZAOBAO ALL-IN-ONE BE REWARDED! mu. ksk. S®^ES*afiiPM2.5iSg *it» u '1 o N^\ PRINT ONLINE s *PM2.5»« TABLET NEW Zaobao All-In-One Subscriber or DIRECT Existing Subscriber who upgrades to Zaobao All-In-One GETS A SURE-WIN GIFT 7 Seater m s rs II i m S L zafira
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  • WORLD
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      Lock icon Fortune 500 firms post near-record profits
      576 15 Total 2012 earnings come in at US$820b; Apple jumps to 6th place from 17th AFP AP [NEW YORK] The 500 largest US companies scored near-record profits last year and retailer Walmart replaced ExxonMobil as the biggest revenue maker on the annual list, Fortune magazine
      AFP; AP; PHOTO: AFP  -  576 words
    • Article
      Lock icon US retailers praise Senate bill to tax online purchases
      409 15 Bloomberg [WASHINGTON] The US Senate has voted to let states collect taxes on out-of-state Internet and catalogue sales, sending the proposal to the House, where the issue is dividing Republicans. The measure, passed on Monday on a 69-27 bipartisan vote, would
      Bloomberg  -  409 words
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      Lock icon US businesses now say imports create jobs
      509 16 A report finds imports supported more than 16m jobs in services sectors Reuters [WASHINGTON] A new report has credited imports with supporting 16 million US jobs, in a bid by business groups to improve the image of the ugly brother of trade. While
      Reuters; PHOTO: AFP  -  509 words
    • Article
      Lock icon Slovenia to raise taxes to plug deficit
      385 16 Recapitalising banks, which will double budget gap, a top priority: prime minister Bloomberg [LJUBLJANA] Slovenia plans to increase taxes to make up for the swelling budget shortfall as the country works to recapitalise its banks. The government will increase the sales tax and
      Bloomberg  -  385 words
    • Article, Illustration
      Lock icon US futures regulator mulls rules for Bitcoin market
      351 16 Reuters [WASHINGTON] The top US derivatives regulator is considering whether the Bitcoin virtual currency should be subject to its rules, a top official at the agency said. Bart Chilton, one of five commissioners at the Commodity Futures Trading Commission (CFTC), said he
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      Lock icon HSBC tops estimates with US$8.4b profit for Q1
      589 17 Tough cost cutting shows results while bad loan charges fall by 51% to US$1 b Bloomberg [LONDON] HSBC, Europe’s largest bank, posted a big-ger-than-estimated increase in first-quarter profit after provisions for bad loans shrank, stirring speculation the lender may step up its
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    • Article
      Lock icon EC pushes for universal bank account access
      293 17 AFP [BRUSSELS] The European Commission will set out today plans for universal access to current accounts with banks seeking to remedy an exclusion that Brussels calculates affects nearly 60 million adults across the European Union. Legislative proposals on payment accounts also aim to
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    • Article
      Lock icon Most bosses under pressure to cook books: E&Y survey
      354 17 Reuters [LONDON] Hard-pressed company bosses across much of the world are under so much pressure to deliver on growth that many have resorted to cooking the books, Ernst Young says in its latest Fraud Survey published yesterday. One in five of
      Reuters  -  354 words
    • Article, Illustration
      Lock icon Saudi prince on prowl for acquisitions, plans hotel sale
      625 18 The prince is seeking out new targets to diversify his global portfolio Reuters [RIYADH] Saudi billionaire Prince Alwaleed bin Talal will hold onto his most high-profile investments, which range from stakes in Citigroup and News Corp to microblogging site Twitter, while
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    • Article
      Lock icon Saudi minister: Energy subsidies distort economy
      418 18 Reuters [RIYADH] Saudi Arabia should cut energy subsidies that are burdening public finances, the economy minister and the head of the state-run utility said, a move that would also tackle the issue of erosion of crude exports. Rock-bottom prices for gas, power and gasoline
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    • Article
      Lock icon Spanish ex-treasurer graft probe widens to Switzerland
      417 18 Reuters [GENEVA] Swiss authorities have opened a money laundering investigation into a former treasurer of Spain’s ruling party suspected of depositing millions of euros from bribes in Swiss bank accounts, the Geneva prosecutor handling the case said on Monday. Luis Barcenas, accused by
      Reuters  -  417 words
    • Article, Illustration
      Lock icon NY to sue Bank of America, Wells Fargo
      525 19 The banks violated the terms of US$26b National Mortgage Settlement: A-G NYT [NEW YORK] New York’s top prosecutor plans to sue two mortgage titans, Bank of America (BOA) and Wells Fargo, over claims that they breached the terms of a multibillion-dollar settlement
      NYT; PHOTO: REUTERS  -  525 words
    • Article
      Lock icon YouTube plans to offer paid channels soon
      500 19 Bloomberg [SAN FRANCISCO] Google’s YouTube will offer paid subscription channels over the next few weeks, people with knowledge of the matter said, expanding the choices for television viewers beyond traditional pay-TV packages. Each channel will cost about US$1.99 a month, with some variety
      Bloomberg  -  500 words
    • Article
      Lock icon German factory orders surprise with better-than-expected rise
      406 19 Unexpected jump of 2.2% in March, after same growth in Feb AFP [FRANKFURT] Hopes that Germany, Europe’s biggest economy, has put its recent soft patch behind it received a boost yesterday with better-than-expected data for factory orders. Industrial orders rose unexpectedly strongly in
      AFP  -  406 words
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      Lock icon Lagarde flays US spending cuts, warns of contraction
      561 20 She admits Greek reforms led to more economic decline than expected AP, Reuters [AMSTERDAM] International Monetary Fund head Christine Lagarde criticised the US government’s budget policies as too tight, its debt reduction plans too abrupt, including the US$85 billion in federal budget
      AP,; Reuters; PHOTOS: AP, AFP  -  561 words
    • Article
      Lock icon EU to vote again on plans to freeze pollution credits
      298 20 AFP [BRUSSELS] EU lawmakers will vote again on controversial plans to make polluters pay more for the greenhouse gas emissions blamed for global warming, after narrowly rejecting the proposal last month, a top Member of the European Parliament (MEP) said
      AFP  -  298 words
    • Article
      Lock icon More London finance jobs available in April: research
      367 20 Mr Cameron said. Reuters [LONDON] Jobs available in London’s financial district jumped by almost one fifth in April as employers took heart from strong results at banks and some confidence returned after the Cypriot banking crisis, research showed yesterday. More than 2,600
      Mr Cameron said. – Reuters  -  367 words
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      Lock icon Split top JPMorgan jobs: Glass Lewis
      274 20 Bloomberg [NEW YORK] JPMorgan Chase Co, the biggest US bank, should split the jobs of chairman and chief executive officer now held by Jamie Dimon, says shareholder advisory firm Glass Lewis Co. Stockholders should vote in favour of a proposal to divide the roles
      Bloomberg  -  274 words
    • Article
      Lock icon Get more women in top posts, Merkel tells companies
      158 20 Bloomberg [BERLIN] Chancellor Angela Merkel said that German companies must do more to raise the “snail’s pace” at which they are appointing women to senior management posts. Ms Merkel, in opening remarks to a conference in Berlin today with about 75
      Bloomberg  -  158 words
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      628 15 explore beyond limits T Acer recommends Windows 8. BUSINESS NOTEBOOK TravelMate P243-MG-*****G50Mt 3rd gen Intel* Core'" I5-3230M processor Windows 7 Professional Windows 8 Pro NVIDIA® GeForce® GT 630M (1GB of dedicated DDR3 VRAM) Intel® Centrino® Advanced-N 6235, 802.11 abgn 4GB RAM, 500GB HDD 14" HD Acer ComfyView LED-backlit TFT LCD
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      1405 16 A French Corporation founded in 1864 Head Office: 29, Boulevard Haussmann-***** Paris France BOARD OF DIRECTORS (at January 1, 2013) CHAIRMAN AND CEO: Frédéric OUDÉA VICE-CHAIRMAN: Anthony WYAND DIRECTORS: Robert CASTAIGNE Kyra HAZOU Thierry MARTEL France HOUSSAYE Michel CICUREL Jean-Bernard LÉVY Gianemilio OSCULATI Béatrice LEPAGNOL Yann DELABRIÈRE Ana Maria LLOPIS
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      113 17 U always! like us on D facebook/ufmlOOS follow us on 30- twitter@ufml003 www.uf m1003.sg UFM 100.5 tills u II If o U SHINE Take a step back. Reflect on life. As we get caught up in the hustle and bustle of daily life, let's pause and be thankful for all
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      187 17 OS AA GLOBAL EDUCATION Quality Education Lifetime Opportunities MACQUARIE UNIVERSITY m mms mi '/b T>1S NEXT LEVEL Master of Applied Finance it! Why Choose Us? J Fully taught by Macquarie University y Strong practical emphasis with a focus on real world issues Excellenct networking opportunities with student and alumni networks
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      931 18 The Royal Bank of Scotland plc (“the Bank”) and its subsidiaries (together “the Group”) Registered office: 36 St Andrew Square, Edinburgh EH2 2YB The Royal Bank of Scotland plc, Singapore Branch: Level 26, One Raffles Quay, South Tower, Singapore *****3 Consolidated income statement for the year ended 31 December 2012
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      768 19 RBS Holdings N.V.Incorporated in the Netherlands Head Office: Gustav Mahlerlaan 350, 1082 ME Amsterdam, The Netherlands Singapore Branch: Level 26, One Raffles Quay, South Tower, Singapore *****3 Consolidated income statement for the year ended 31 December 2012 Consolidated balance sheet as at 31 December 2012 2012 2011(1) €m €m Interest
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      1981 20 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF KANG THAI FOOD INDUSTRIES PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****0747W NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF
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      176 21 wcwe& keh hand and M& cud a fm^ A <r fV. :<t 3 A: i 1 tt jis,:!'.'' 1 ;,y 1 JJ: w iw t n ,y, ,-P V i k I :<‘J L A *v ■P YOU DARE ALL THIS "V A J 1: 0 3* -V .JtAAAj fr
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  • EDITORIAL & OPINION
    • Article
      Lock icon Balancing economic and financial stability
      471 22 EDITORIAL FOR the past four years, financial markets have found themselves in a contradictory situation the worse the economic numbers, the better the performance of equities. This was because a poor economy meant more aggressive and prolonged central bank action in terms of keeping interest
      471 words
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      Lock icon China’s new assertive diplomacy in action
      786 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINESE officials have certainly been busy. Last month, China rejected a Philippine request for arbitration of their maritime dispute, sent planes into airspace near islands
      786 words
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      Lock icon Making sense of the austerity debate
      900 22  -  It is ultimately a battle in the ideological war over the role of government in society By EDWARD HADAS fell REUTERS BREAKINGVIEWS IN RETROSPECT, recent debunking of one of the key conclusions of Kenneth Rogoff and Carmen Reinhart about government debt looks inevitable. The
      fell REUTERS BREAKINGVIEWS; PHOTO: REUTERS  -  900 words
    • Article, Illustration
      Lock icon World competitiveness 2.0
      958 23  -  In the next 25 years, economic and social divergences will narrow, and countries will be compatible with each other By STÉPHANE GARELLI The writer is the director of IMD’s World Competitiveness Center and teaches on IMD’s Orchestrating Winning Performance programme. IMD is a business school in Lausanne,
      PHOTO: REUTERS  -  958 words
    • Article, Illustration
      Lock icon S’pore arbitration goes from strength to strength
      826 23  -  By ROGER BLOW SHEMALI SAMARAWEERA The writers are a partner and a law clerk respectively at Gadens Lawyers in Perth, Australia WITH the release on April 1 of a new and improved governance structure along with a revised edition of its rules, the
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  • Transport HUB
    • Article
      Lock icon Don’t forget the hostages
      919 24  -  It’s more difficult to free hostages when they’re held without a vessel STRAIT TALK By DAVID HUGHES THERE was some good news last week. On May 1, Denmark’s Ministry of Foreign Affairs confirmed that the crew of a small Danish drycargo ship, MV Leopard, had been
      919 words
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      Lock icon Littoral ship can’t meet mission: US Navy report
      1108 24 Review puts US$37b programme under scrutiny Bloomberg [WASHINGTON] US Navy leaders were warned last year that a US$37 billion programme to build Littoral Combat Ships can’t meet its promised mission because the vessels are too lightly manned and armed, according to a
      Bloomberg; PHOTO: AFP  -  1,108 words
    • Article
      Lock icon TRANSPORT STOCKS
      242 24 SGX '000 May 7 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.26 unch 32 Cosco Corp 0.81 -0.01 7021 CWT Ltd Vol First Ship Lea unch unch 0 Freight Links 0.09 unch ***** Grand Banks 0.35 0.02 5 Jaya Hold Ltd 0.65 unch 3 K1Ventures 0.16 unch
      242 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Lufthansa board backs ex-CEO as chairman
        934 25 Key shareholders have given their blessings despite investor opposition Bloomberg [FRANKFURT] The decision by Deutsche Lufthansa AG’s supervisory board to back Wolfgang Mayrhuber’s aspirations to become chairman against investor opposition shows the hurdles in dismantling the chief executive-to-chair-man German model. Mr Mayrhuber, the German
        Bloomberg  -  934 words
      • Article
        Lock icon SIA to launch daily flights to Surabaya
        269 25  -  It will also increase frequency of flights to Jakarta, Bali By MARIA MALA YOGALINGAM [SINGAPORE] Singapore Airlines (SIA) will increase its Indonesia services from July 26, with the launch of daily flights to Surabaya and an increase in frequency to Jakarta and Bali.
        269 words
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        Lock icon FedEx ‘Partner of the Year’ at Changi Airline Awards
        302 25  -  By MARIA MALA YOGALINGAM [SINGAPORE] FedEx Express won the Partner of the Year award at the eighth Changi Airline Awards yesterday. A total of 34 awards were presented to the aviation community for its contribution to the development of Changi Airport
        302 words
      • Article
        Lock icon Air India gets discount from state oil refiners
        537 25 Bloomberg [NEW DELHI] Air India Ltd, which has received about US$1.7 billion in the past four years in government bailouts, is now finding support from state-owned fuel suppliers in its fight for market share. Indian Oil Corp, the nation’s biggest refiner, has
        Bloomberg  -  537 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Audi considers doubling capacity at Mexico plant
        673 26 VW unit may start production in Brazil as it takes on BMW in the Americas Bloomberg [FRANKFURT] Audi AG, the world’s second-largest maker of luxury cars, will consider doubling capacity at a plant in Mexico to 300,000 vehicles in the longer term and
        Bloomberg  -  673 words
      • Article, Illustration
        Lock icon NYC set to launch bike-share programme
        928 26 It’ll have 6,000 bikes at 330 docking stations initially AP [NEW YORK] New York City, with its constant hum of subways, buses, cabs and ferries, has long had one glaring exception to its many transportation options: bicycles for the masses. But bike sharing is
        AP; PHOTO: AFP  -  928 words
  • Page 24 Advertisements
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      342 25 BUSINESS PRODUCTIVITY SEMINAR SEEKING GROWTH IN UNCERTAIN TIMES Can businesses grow amidst an unpredictable economic outlook? Are there practical ways to achieve a healthier bottom line for 2013? Experts and entrepreneurs share how you can turn adversity into advantage in this not-to-be-missed business productivity seminar. GUEST OF HONOUR Mr Lee
      342 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      299 25 CRYPTIC CROSSWORD Across 1 Religious leader facing back of pulpit for natter (6) 5 Leaves outside overdone soups (8) 9 Security changing to all-clear (10) 10 Work on piano unveiling symphony initially (4) 11 Holding some ladies’ underwear (8) 12 Very old and tense, the compiler’s dedicated (6) 13 On
      299 words
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      898 26 Fy¥«i TRANSI J>i\J The Smart Transport Show ASIA 2013 25-27 June 2013 Grand Hyatt Jakarta, Indonesia 53 is. STOP AHEAD PAY TOLL \k a UBrli Indonesia's transport moving towards a smarter future Infrastructure development is fundamentally the greatest area of concern if the nation's economy is to continue moving forward.
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  • Article
    Lock icon Shipping Times
    2613 27 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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      142 28 Importers looking for Warehouse Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 I FREIGHT FORWARDER urgently needed by shippers i Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620
      142 words
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      0 28 `<$@${;:?[!::@':\++?"+_:^=^$-\+
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3244 29 Transaction date: May 7 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 98 59 ABR Hldgs 72xd unch 8 72 72 72 72.5 1.2 43.1 1.9 144.6 Vol Day
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    • Article
      Lock icon SGX CATALIST
      207 30 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 Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller Cvr P/E Smil 3.3
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    • Article
      Lock icon UNIT TRUST & FUNDS
      10698 30 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd Aberdeen Asset Mgt Asia Limited 1.14/ Aberdeen Asset Mgt Asia Limited Asian Local £cy SD Bond Global Emerging Markets!** EM local Cty Bond 1.0279/ European Opportunities'* 1 1907/ Global Emerging Markets'" 2 0039/ Global Opportunities/" 0 9546/ China Opportunities USD!**
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    • Article
      Lock icon GLOBALQUOTE
      262 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A38.5 -1 11 38.5 38.5 38.5 40.5 3.6 9.1 3.1 140.4 50 30 Genting HK US$ US49 unch 4349 49.5 48 48.5 49 3226.4
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    • Article
      Lock icon SGX ETF
      916 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 136.8 120.4 CIMB APAC Div 100S$D 136.8 139.9 140.8 114.4 95.8 CIMB APAC Div 100US$ US114.4 +2.7 28 114.4 114.4 114.1 114.9 12 1440 1246
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      637 31 May 7 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.04 *****.38 *****.81 Jun13 *****.00 *****.00 *****.00 *****.00 ***** *****3 Sep13 *****.00 *****.00 *****.00 *****.00 62 3944 MSCI TAIWAN INDEX FUTURES SPOT 294.98 295.86 293.85 May13 295.10 296.70 294.50 295.50 ***** *****6 Jun13 294.50
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 31 In local curr In S$ In US$ dy yr dy yr dy yr May 6 Index Change Change Change Change Change Change World Preliminary 1059.3 0.1 12.9 -0.2 11.6 -0.1 10.7 EAFE Preliminary 880.9 0.0 13.7 -0.5 9.6 -0.4 8.7 Europe Preliminary 1249.1 -0.1 8.9
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 31 May 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.027 6.273 0.779 7.911 55.213 99.269 1.010 11.121 3.036 1.200 100.217 41.669 1.255 9.197 0.957 30.149 30.219 0.656 1.019 Canada 0.973 6.105
      471 words
    • Article
      Lock icon SIBOR
      64 31 May 7 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      134 31 May 7 GOLD(US$/oz) May 07 May 06 Hong Kong 1470.10 1482.30 May 06 May 03 London 1468.01 1467.80 1468.78 1468.55 Source: Thomson Reuters CAST BAR May 07 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 131 58 5gm 371 290 10gm 662 580
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 31 May 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 12-Aug-13 0.24 6-Month BS*****N 01-Nov-13 0.25 1-Year BY*****H 02-May-14 0.25 0.23 0.23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.08 5-Year N*****0T 2.375
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    • Article
      Lock icon PALM OIL
      57 31 May 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2238.0 2238.0 2240.0 2238.0 62 1498 Jun 13 2250.0 2258.0 2267.0 2238.0 704 6628 Jul 13 2249.0 2260.0 2272.0 2235.0 ***** ***** Aug 13 2248.0 2256.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 31 May7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2548 1.2555 1.0191 1.0196 Canadian dollar 1.2215 1.2217 0.9922 0.9921 Euro 1.6104 1.6108 1.3079 1.3081 NZ dollar 1.0454 1.0461 0.8490 0.8495 Sterling pound 1.9120 1.9125 1.5528 1.5531 US
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    • Article
      Lock icon CHICAGO BOT
      109 31 May 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1444.50 1455.00 1469.00 1442.00 Jul 13 1369.25 1387.25 1395.00 1366.25 Aug 13 1317.00 1335.25 1340.75 1314.00 Sep 13 1249.75 1265.75 1267.50 1247.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13
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    • Article
      Lock icon LIFFE
      94 31 May 3 COCOA (£/tonne) Close Prev High Low May 13 1563 1565 1576 1563 Jul 13 1567 1570 1580 1565 Sep 13 1575 1577 1587 1573 Dec 13 1578 1579 1590 1576 COFFEE(US$/tonne) Close Prev High Low May 13 1980 1983 1985 1969 Jul 13 2020 2020 2027 2007
      94 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 31 CRUDE OIL PRODUCTS May 6 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 104.45 0.37 WTI (Near Mth) 95.77 0.30 Dubai (1-Mth F) 101.47 1.96 Tapis blend 109.60 2.89 Minas 103.10 2.09 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 92.61 2.11 Jet Kerosene 115.59 1.58 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 31 May 7 S$ Bid Offer 1-month 1.2313 1.2314 2-months 1.2312 1.2314 3-months 1.2312 1.2314 6-months 1.2309 1.2317 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 31 May 03 May Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1847.00 1774.25 3 months 1882.00 1811.00 Copper, Grade A(US$/tonne) Cash 7243.75 6818.00 3 months 7270.00 6848.00 Lead(US$/tonne) Cash 2021.25 1923.25 3 months 2038.00 1941.00 Nickel (US$/tonne) Cash *****.25 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1025 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Acma Ltd. W*****6 Conv Albedo Limited W*****9 Exer AlliedTech W*****2 Prem Asiatravel.com HoldingsW*****7 1 1 25 14 Asiatravel.com HoldingsW*****5 1.3 1 27 38 BakerTech W*****5 13.8 -0.3 421 1 27 28
      1,025 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 31 As at 9am May 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.291 1.230 Can dollar 1.246 1.199 Euro 1.648 1.570 Sterling pound 1.951 1.876 NZ dollar 1.074 1.033 US dollar 1.256 1.197 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 31 May 7 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12
      154 words
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  • executive Money
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      Lock icon Overseas Indians trust S’pore as wealth centre
      730 32  -  For instance, SocGen Private Banking team in the Middle East books 95 per cent of its non-resident Indian clients’ assets through Singapore, TEH HOOI LING reports TEH HOOI LING SINGAPORE is becoming an increasingly attractive jurisdiction for non-resident Indians (NRIs), said Balakrishnan Kunnambath,
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      Lock icon Wealthy receptive to structured products again
      556 32  -  By TEH HOOI LING HAVING grown their asset base in the last few years, high net worth individuals are taking more risks again, said Benedikt Maissen, Societe Generale Private Banking’s managing director. “They are now more receptive to structured products.” Mr Maissen, who is
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      Lock icon Rich Chinese look abroad to preserve wealth
      559 32 AP [BEIJING] China’s richest people are stepping up investment in US real estate and other foreign assets as they try to preserve their fortunes in the face of a fast-changing economy, a report said yesterday. The report by China Merchants Bank and the
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      Lock icon Firms bulk up on bankers for public offerings in Hong Kong
      1001 33 But having so many competitors cuts everyone’s share of a fixed fee pool NYT [HONG KONG] After a lacklustre 2012 and slow start this year, Hong Kong’s financiers are hoping to revive interest in initial public offerings (IPOs). To
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      84 33 i Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow and
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