The Business Times, 10 May 2013

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Total Pages: 41
1 42 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Friday, May 10, 2013
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  • Article
    Lock icon China has its work cut out to kickstart growth
    872 1  -  Benign inflation gives it elbow room, but doubts are raised over latest export figures By VIRGINIE MANGIN in Beijing CHINA’S growth continues to falter and even the latest trade figures provided scant comfort. Although exports rose, many analysts are questioning the
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,432.78 (+19.76) GST INDEX FUTURES 3,424.00 (+19.00) GSIMSCI 388.22 (+2.19) GSIMSCI FUTURES 386.80 (+1.50) US$ S$ US$ (S$ per US$) 1.228 (US$/S$ per 1.555 1.910 EURO (US$/S$/€ 1.317 1.617 Foreign currency per US$ S$ YEN 98.80 80.50 RM 2.971 2.419 HK$ 7.760 6.318 BAHT 29.46 23.98 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Thursday Change KL COMP 1,766.07 -7.93 NIKKEI 225 14,191.48 -94.21 HANG SENG 23,211.48 -32.87 SET INDEX 1,621.12 +6.97 JAKARTA COMP Closed MANILA COMP 7,194.43 +13.13 SEOUL COMP 1,979.45 +23.00 SHENZHEN B 844.30 -1.60 MUMBAI IND 19,939.04 -51.14 12noon EDT Change DOW 15,100.52 -4.60 NASDAQ 3,414.90 +1.63
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 HONG KONG 6.55 HONG KONG 5.00 JAPAN 13.303 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 BRITAIN Source: Bloomberg
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  • Article, Illustration
    Lock icon Passing of an ERA? Top realty firm may be sold
    818 1  -  ERA brand said to be on market with $150m price tag By FELDA CHAY [SINGAPORE] Harry Chua, a key figure in Singapore’s real estate agency industry, is looking to sell his baby ERA Realty Network for about $150 million. Mr
    FILE PHOTO  -  818 words
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      126 1 EXECUTIVE LIFESTYLE Balancing music and a day job PAGE 42 ASEAN Top official rules out single currency PAGE 9 COMPANIES UE raises offer for WBL Corp to $4.50 a share PAGE 5 WINE The little-known white Bordeaux PAGE 37 XCUTIV IFESTYE alancing music and dy job PROPERTY Hiap Hoe’s Zhongshan
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  • TOP STORIES
    • Article
      Lock icon Walk to nearby library to report for work
      480 2  -  Smart Work Centres will have facilities similar to those in a typical office By AMIT ROY CHOUDHURY [SINGAPORE] Employees could soon be walking down to the nearest library or community centre to report for work instead of lugging their notebooks all the
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    • Article, Illustration
      Lock icon Investors ponder Man U after Fergie
      772 2  -  By LEE U-WEN [SINGAPORE] Alex Ferguson leaving one of the world’s most successful, famous and, not to mention, lucrative, sports franchises is the kind of news that the English football club’s investors have been dreading to hear. And with good reason. The 71-year-old Scot
      PHOTO: AFP  -  772 words
    • Article
      Lock icon Credit Suisse set for big regional IPOs with promotions
      719 2  -  By SIOW LI SEN [SINGAPORE] Credit Suisse has promoted Edwin Low and Rizal Gozali as co-heads of investment banking for South-east Asia, a region sizzling with deals. Initial public offerings in Singapore and Indonesia in particular have been hot, taking the
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    • Article
      Lock icon Britain, US, Australia join forces to hunt tax evaders
      643 2 S’pore committed to fight against international tax offences Reuters [LONDON] A joint effort by Britain, the US and Australia to track down those concealing wealth via offshore tax structures has helped identify over 100 individuals already, the UK’s tax authority said
      Reuters  -  643 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      523 2 China has its work cut out to kickstart growth CHINA’S growth continues to falter and even the latest trade figures provided scant comfort. Although exports rose, many analysts are questioning the reliability of these numbers. The only consolation came yesterday from statistics that showed that the inflation picked
      523 words
    • Article, Illustration
      Lock icon THE MAKING OF A LEGEND
      1280 3  -  It all began with one man’s passion for speed and motor races. After almost a century of refinements and technological innovations, the prestigious Bentley marque represents the pinnacle of British motoring excellence. By Lynn Tan ENGINEERING genius Walter Owen Bentley (W .O. Bentley) dreamed of
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    • Article, Illustration
      Lock icon ‘Game on’ for possible Umno power struggle
      613 4  -  Split between Najib and conservatives may be developing in ruling party NEWS ANALYSIS By S JAYASANKARAN in Kuala Lumpur ON Tuesday night, all elected Barisan Nasional (BN) parliamentarians gathered for a meeting here with newly reinstalled Prime Minister Najib Razak. It was a
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    • Article
      Lock icon Mfg sector hinges on govt policies: poll
      502 4  -  By MALMINDERJIT SINGH [SINGAPORE] Executives around the world believe that government policies can make or break a nation’s manufacturing sector as reflected in a new report, “Manufacturing for Growth” from the World Economic Forum. More than 70 global executives interviewed for the report,
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    • Article
      Lock icon S-EA firms less keen on acquisitions: survey
      468 4  -  By NISHA RAMCHANDANI [SINGAPORE] Deal appetite has weakened among South-east Asian corporates, with only one in four expecting to pursue acquisitions in the next 12 months, despite greater confidence in their outlook of the global and local economies, a survey showed. In contrast,
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      115 4 v m OUR ENTION LITTLE DETAILS BEGINS WITH With an entire floor to keep your children engaged as our latest collections occupy you, luxury is being able to divide your duties without sacrificing any attention. Armani Junior Beauty. Mums. Babies. Blossom Friends Chateau De Sable Early Learning Centre ELM Tree
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  • COMPANY NEWS
    • Article
      Lock icon PLife Reit Q1 DPU up 2.9%
      388 5  -  By MINDY TAN PARKWAY Life Reit (PLIfe Reit) has posted a distribution per unit (DPU) of 2.64 cents for the first quarter, up 2.9 per cent from 2.56 cents a year ago. This translates to an annualised distribution yield of 4.17 per cent, based
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    • Article
      Lock icon The good news is, results not as bad as we thought
      433 5  -  By KENNETH LIM CORPORATE bottom lines may be falling in the current reporting season but, if it is any comfort, it seems that the numbers are not as dreadful as expected. Singapore-listed companies are beating consensus profit estimates so
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    • Article
      Lock icon Higher sales lift Parkson Q3 net 1.3%
      323 5  -  By NISHA RAMCHANDANI PARKSON Retail Asia’s fiscal third quarter net profit inched up 1.3 per cent year-on-year to $9.78 million, helped by higher sales. The three months ended March 31, 2013, saw revenue rise 2.3 per cent year-on-year to $109 million while earnings
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    • Article, Illustration
      Lock icon UE makes final offer for WBL
      635 5  -  Raised price of $4.50 a share ‘demonstrates seriousness’, says UE By CAI HAOXIANG THE endgame for Singapore’s largest takeover play this year has arrived as United Engineers (UE) raised its offer for WBL Corporation to $4.50 a share yesterday, up 35 cents a share
      Source: Bloomberg  -  635 words
    • Article, Illustration
      Lock icon StarHub’s Q1 profit up, lowers revenue outlook
      581 7  -  CFO Kwek Buck Chye retiring; ST Telemedia’s Nicholas Tan taking over By JOYCE HOOI EVEN as StarHub’s net profit inched up 3.2 per cent to $91.2 million for the first quarter, operating revenue dipped 1.8 per cent to $580.1 million, compelling the telco
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    • Article
      Lock icon Regional projects boost bottomline of Ezion, Kreuz
      508 7  -  Ezion’s Q1 profit more than trebles to US$46.2m By LEE MEIXIAN TWO mainboard-listed service providers for the oil and gas industry, Ezion Holdings and Kreuz Holdings, posted improved first-quarter earnings and revenues, boosted by contributions from regional projects. For three months ended March
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    • Article, Illustration
      Lock icon Umbilical cord-tissue banking launched
      411 7  -  By LIM JIA YING CORDLIFE Group Limited, in partnership with Thomson Medical Pte Ltd, announced the launch of the first umbilical cord-tissue banking service yesterday. The new offering, which was launched yesterday, is available from May 12, coinciding with Mother’s Day. Parents of babies born on
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    • Article
      Lock icon UOB-Kay Hian latest to ride strong Q1 markets
      424 8  -  Broking firm’s profit for Jan-March jumps 37.8%, partly aided by ‘penny fever’ By KENNETH LIM THE first quarter of 2013 has turned out to be one heck of a start for the Singapore stock market, equivalent to a double shot of espresso
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    • Article, Illustration
      Lock icon One-time gain doubles Marco Polo Q2 profit
      481 8  -  By LYNN KAN MARCO Polo Marine’s net profit for the second quarter more than doubled to $9.34 million from $4.23 million a year earlier, thanks to a $5.68 million remeasurement boost. Excluding the gain, Marco Polo registered a 13 per cent year-on-year fall
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    • Article
      Lock icon Sin Heng Q3 net profit more than doubles
      352 8  -  By CAI HAOXIANG INCREASED demand in regional markets boosted crane supplier Sin Heng Heavy Machinery in its third quarter results for the three months ended March 31. Net profit was $3.1 million, more than double the $1.5 million the same period a
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    • Article
      Lock icon Fortune Reit available distribution income up
      238 8  -  By MA XIANGYU FORTUNE Real Estate Investment Trust (Fortune Reit) yesterday reported income available for distribution of HK$ 153.3 million (S$24.3 million) for the first quarter ended March 31, up 16.3 per cent from HK$131.8 million a year earlier. “No distribution has been declared
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    • Article, Illustration
      Lock icon CNA eyes Thai projects worth 1.5b baht
      402 8  -  Company’s order book set to double with these deals By CARINE LEE SINGAPORE-LISTED CNA Group is looking to double its order book with its foray into Thailand’s real estate sector. The local master systems integrator yesterday said it had received a letter of
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    • COMPANY BRIEFS
      • Article
        Lock icon Falcon Energy unit exercises four options
        48 8 AN indirect subsidiary of Falcon Energy Group, Longzhu Oilfield Services, has exercised four separate purchase options with KA$H International for the acquisition of four properties at International Plaza for $16.6 million. The acquisition will be funded by internal resources and bank loans.
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      • Article
        Lock icon Q&M’s proposed takeover terminated
        183 8 Q&M Dental Group said yesterday that it will not proceed with the proposed acquisition of Catalist-listed Singapore Medical Group Ltd after it was notified that the vendors were in breach of representations and warranties as there had been a material change in the financial performance of
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      • Article
        Lock icon Travellers Int’l Hotel plans Philippine IPO
        69 8 GENTING Hong Kong Ltd said yesterday that Travellers International Hotel Group, in which it owns a 50 per cent stake, is looking to launch an initial public offering for a listing on the Philippine Stock Exchange. The proposed listing is at an initial stage.
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      • Article
        Lock icon Ryobi Kiso in the red for third quarter
        91 8 ENGINEERING solutions provider Ryobi Kiso Holdings Ltd made a $271,000 loss in its third quarter, compared with a net profit of $695,000 a year ago, due to a drop in revenue and higher administrative expenses. Revenue for the three months ended March
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    • Article
      Lock icon Projects in Asia pump Hyflux net up 5% to $8m in Q1
      294 8  -  By LIM JIA YING WATER solutions company Hyflux posted a net profit of $8 million for its first quarter ended March 31, 2013, up 5 per cent from $7.7 million a year ago. Revenue for the quarter was
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      74 5 Executive Chef I 4 < r fj0 Make Yourself at Home A gourmet meal in your own private kitchen as con THE RESIDENCE Citadines APART' HOTEL %w>? SOMERSET SERVICED RESIDENCE Enjoy Ascott’s Best Rate Guarantee www.the-ascott.com +65 6272 7272 With three award-winning serviced residence brands, we welcome you to enjoy
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI hits yet another five-year high
      583 6  -  SingTel, Jardine Matheson and Keppel Corp help the index accumulate almost 20 points STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday continued its upward climb to its second five-year high this week, albeit with the broad market lagging behind the advance-de-cline
      Source: Bloomberg  -  583 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 May 9 VALUE CLOSE BT OB/OS 133.0 -132.0 BT CADI -*****.00 +11.00 BT 10-day MA -*****.00 +13.00 FTSE ST Mid Cap 842.70 +2.59 FTSE ST Small Cap 593.32 +1.67 FTSE ST All Share 844.26 +4.32 FTSE ST China Top 219.43 +0.95 FTSE ST China 249.30 +1.57 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME NexGenSCom 531,607,000 Albedo 93,560,000 Innopac 87,345,000 Contel 84,004,000 HLH Grp 78,540,000 KLW R 77,898,000 Thai Beverage 77,766,000 Golden Agri 69,104,000 WE Hldgs 51,224,000 GSH Corp 47,591,000 VALUE($) DBS Grp 63,898,529 Keppel Corp 57,286,005 SingTel 55,509,352 CapitaLand 51,003,820 Thai Beverage 48,783,400 Noble Grp 48,242,880 GLP 47,512,510 Kep
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 4 0 0 0 6 6 4 Manufacturing 49 55 43 5 14 7 54 69 50 Commerce 21 26 14 3 6 3 24 32 17 Tpt/Stor/Comms 14 19 12
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    • BROKERS’ TAKE
      • Article
        Lock icon BreadTalk Group
        299 6 May 9 close: S$0.99 OCBC Investment Research, May 9 BREADTALK’s Q1 results came in within expectations with revenue growing 13.4 per cent y-o-y to $120.3 million on the back of broad segment increases, while operating and Patmi (profit after tax and minority interests) increased by 45.6 per cent
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      • Article
        Lock icon Sing Holdings
        357 6 May 9 close: $0.425 AMFraser Research, May 9 STRONG Q1 earnings backed by recognition of sales of The Laurels. Sing Holdings’ sales and Patmi (profit after tax and minority interests) for the quarter rose by 114.4 per cent and 121.8 per cent respectively y-o-y, driven by late-stage recognition
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      • Article
        Lock icon AusGroup
        328 6  -  Compiled by KENNETH LIM May 9 close: $0.475 OSK DMG, May 8 IN its reverse takeover (RTO) announcement issued two days ago, AusGroup stated that “as a result of the high levels of activity in natural resources in Australia, the mining services sector is considered to be a growth
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 36,366 36,366 132,446 132,446 Manufacturing 397,868 204,271 602,139 272,322 7,803 280,125 Commerce 686,815 158,873 845,688 133,613 7,413 141,026 Tpt/Stor/Comms 110,514 16,593 127,107 139,762 6,205 145,967 Finance 129,712 776 130,488 174,109 394 174,503 Construction 177,674 19,096
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 6 Stock name Close Change CapMallsAsia 2.010 -0.020 CapitaLand 3.780 +0.020 CapitaMall 2.360 -0.010 CityDev 11.430 +0.040 ComfortDelGro 1.980 DBS Grp 17.700 GLP 2.890 +0.040 Genting SP 1.495 -0.030 Golden Agri 0.545 +0.005 HK Land 7.470 +0.050 HPH Trust US$ 0.835 +0.010 JMH 68.350 +0.860 JSH 40.150
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    • Article, Illustration
      Lock icon Euro slips against US$; A$, NZ$ shine
      479 6 CURRENCIES Reuters [LONDON] The euro eased against the US dollar yesterday, taking a pause after two days of gains, pegged back by expectations of more monetary easing by the European Central Bank (ECB) and by a rise in Spanish bond yields. The single
      Reuters; PHOTO: BLOOMBERG  -  479 words
    • Article
      Lock icon RISES
      110 6 BY CENTS CLOSE UP DBXT E50 10US$ 4399 266.5 5.2 GLD 10US$ ***** 152.3 0.9 JMH 6835 105.6 1.3 DBXT MSTHAI 10US$ 2419 67.6 2.3 DBXT MSKorea 10US$ 5880 60.2 0.8 F N.ES.1305 904 58.0 6.9 WBL Corp 450 35.0 8.4 Lyxor Russia 10US$ 387 31.9 7.2 DBXT MSCHINA
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    • Article
      Lock icon FALLS
      119 6 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 2434 -20.9 -0.7 UOB 5.05%NCPS 100 ***** -20.0 -0.2 DBXT FTChina25 10US$ 2919 -19.7 -0.5 STXPO 100 394 -11.0 -2.7 Straits Trdg 382 -11.0 -2.8 Vicom 486 -10.0 -2.0 JapanFood 43 -7.0 -14.0 Cortina 80.5 -6.5 -7.5 M1 323 -5.0 -1.5 Lyxor
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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
      220 7 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
      220 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Healthy demand for first EC plot since cooling measures
      616 9  -  Seven parties vie for Woodlands site, with top offer at $216m or $341.21 psf ppr By ONG CHOR HAO DEVELOPERS seem to be still upbeat about the executive condominium (EC) market, after the first such plot put up for tender since
      616 words
    • Article
      Lock icon Merlion Park protest illegal, say police
      225 9  -  By CAI HAOXIANG THE PROTEST staged by a crowd of about 100 Malaysians at the Merlion Park on Wednesday evening was illegal, Singapore police said yesterday. Conducting an outdoor protest without a police permit contravenes the law and the authorities will act firmly against
      225 words
    • Article
      Lock icon Lanxess Q1 earnings down 53% on weak global markets
      422 9  -  Start-up costs of 30m euros for its Singapore plant also hit profit By RONNIE LIM LANXESS’s first-quarter profits were hit by slumping tyre and auto markets as well as 30 million euros (S$48.4 million) in start-up costs for its butyl plant
      422 words
    • Article, Illustration
      Lock icon Suee Chieh to be NTUC Enterprise group CEO
      384 9  -  By MARIA MALA YOGALINGAM NTUC Income’s chief executive Tan Suee Chieh is leaving the insurance cooperative to head NTUC Enterprise, the holding cooperative ofNTUC’s 12 cooperatives. He will become NTUC Enterprise’s first group CEO from Oct 1, after having helmed Income for
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    • Article, Illustration
      Lock icon Japan’s Asahi Glass to set up regional HQ in S’pore
      418 9  -  By ANTHONY ROWLEY in Tokyo JAPAN’S Asahi Glass group has announced plans to set up a regional headquarters in Singapore to tap what it sees as growing opportunities for supplying glass, ceramics, chemicals and other products for the regional boom
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    • Article
      Lock icon Asean sec-gen rules out single currency
      538 9  -  It’ll curb members’ policy options, as eurozone shows By MALMINDERJIT SINGH HOPES of a single Asean currency in the future, as the region integrates, faded yesterday as the association’s secretary general said that the grouping will not adopt a common denomination. Le Luong Minh
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  • MALAYSIA
    • Article
      Lock icon KLCC Reit shares up 6.3% on maiden trade
      476 10  -  Strong demand in property stocks; IOI Corp to announce ‘material exercise’ By PAULINE NG in Kuala Lumpur SHARES of KLCC Real Estate Investment Trust (Reit) rose 6.3 per cent on its debut yesterday, buoyed by robust demand for proper-ty-related stocks particularly one
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    • Article, Illustration
      Lock icon Khaled seen getting Johor menteri besar post next week
      327 10 [JOHOR BARU] Mohammed Khaled Nordin is expected to take the oath of office as Johor menteri besar next week, Malaysia’s New Straits Times reported yesterday. The swearing-in ceremony is also expected to see the appointments of state executive council members. Mr
      327 words
    • Article, Illustration
      Lock icon KL holds key rate on economy’s strength
      500 10 Bloomb erg [KUALA LUMPUR] Malaysia held interest rates unchanged for a 12th straight meeting as an expanding economy reduced the need for the central bank to join South Korea and Australia in lowering borrowing costs. Bank Negara Malaysia maintained the benchmark overnight policy
      Bloomberg; PHOTO: AFP  -  500 words
    • Article
      Lock icon Manulife, Metlife join race for AMMB unit
      295 10 Reuters [HONG KONG] Manulife Financial Corp and Metlife Inc are among companies that have made bids for a controlling stake in the life insurance unit of Malaysian lender, AMMB Holdings Bhd, the third insurance deal in the country over the past year. Zurich
      Reuters  -  295 words
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      Lock icon Page 10 Advertisements Column 1
      1325 10 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
      1,325 words
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      Lock icon Page 10 Advertisements Column 2
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      125 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Row over graft scandals stalls reform bills
      566 11 Indian Parliament adjourned after calls for ministers to quit AFP [NEW DELHI] India’s parliament was on Wednesday forced to adjourn early, stalling its economic reform drive, after the Con-gress-led government of Prime Minister Manmohan Singh was weighed down by fresh scandals. The government,
      AFP  -  566 words
    • Article
      Lock icon BMW faces taxes of US$120m in India
      405 11 AFP [NEW DELHI] Indian authorities are probing whether the local arm of German automaker BMW AG may owe an extra US$120 million in taxes on auto-part imports since March 2011, a report said Wednesday. Dow Jones Newswires, quoting a source it said had
      AFP  -  405 words
    • Article, Illustration
      Lock icon EU to impose punitive duties on China-made solar panels
      787 11 Levy to be set at an average 47%; China urges dialogue, calls decision a mistake Reuters [BRUSSELS] The European Commission has agreed to impose punitive import duties on solar panels from China in a move to guard against what it sees
      Reuters; PHOTO: AFP  -  787 words
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      Lock icon Page 11 Advertisements Column 1
      124 11 ONE OF THE HOTTEST PROPERTIES IN BANGKOK CITY CENTER i -r j,M ssafS TV Ilf f a -i N* Construction 95% Completed GUARANTEED 8% PER ANNUM FOR 5 YEARS FREEHOLD Price From $88,000 Pratunam Bangkok (Thailand’s International Fashion Wholesale Export Center) Another Prime Commercial Project by City Complex Co.,Ltd. ALL
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      328 11 ESPLANADE PRESENTS 0O0^?Sf 4t y\ A v ■•X > >■11 The Kransky Sisters (Australia) Recital Studio 17 May, Fri, 7.30pm 18 May Sat, 3pm 7.30pm $35 1 hr 20mins With their eclectic mix of instruments, they're ready to cook up spicy stories and a sweet and sour recipe of well
      328 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon S Korea cuts interest rate to boost economy
      437 12 Central bank expects global economy to continue its modest recovery AFP [SEOUL] South Korea unexpectedly trimmed its benchmark interest rate by 0.25 percentage points yesterday the first cut for seven months aimed at boosting an economy hit by slumping exports. The move
      AFP; PHOTO: REUTERS  -  437 words
    • Article, Illustration
      Lock icon Surprise fall in Aussie jobless rate to 5.5%
      434 12 50,100 jobs created in April against forecast of 12,000 AFP [SYDNEY] Australia’s unemployment rate eased to 5.5 per cent in April, beating expectations by creating 50,100 jobs despite a slowdown in the mining-driven economy. The Australian Bureau of Statistics said yesterday the
      AFP  -  434 words
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      Lock icon Page 12 Advertisements Column 1
      208 12 CALL FOR PERFORMERS Step Right Up! Be part of ChildAid 2013 CarnivalEdition Young ladies gentlemen, step right up! If you think you can sing, dance, play a musical instrument or perform a circus act, come try out for our next ChildAid concert! Email your entry to childaid@sph.com.sg by June 8,
      208 words
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      714 12 WATS NOTICES LOST SHARE/STOCK CERTIFICATES Notice is hereby given that the following share/stock certificates have been reported lost:FRASER AND NEAVE, LIMITED (Incorporated in the Republic of Singapore) UNITED ENGINEERS LIMITED (Incorporated in the Republic of Singapore) Notice is hereby given that new share/stock certificates will be issued and the original
      714 words
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      1604 13 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA. THE SECURITIES OF CROESUS RETAIL TRUST HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) AND MAY NOT BE OFFERED OR SOLD
      1,604 words
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  • WORLD
    • Article, Illustration
      Lock icon Former Enron CEO may get early release
      624 14 His jail term could be cut by 10 years if deal over victim outrage works out Bloomberg [HOUSTON] Jeffrey Skilling, the convicted former Enron chief executive officer, may get out of prison in as little as four years if a judge approves a
      Bloomberg; REUTERS FILE PHOTO  -  624 words
    • Article
      Lock icon Inventory buildup at wholesalers up 0.4% in March
      419 15 But sales drop 1.6% against Feb, biggest setback since 2009 LATEST US DATA AP [WASHINGTON] US wholesale businesses stepped up their restocking of supplies in March, but their sales fell sharply. The Commerce Department said yesterday that stockpiles held by wholesalers rose
      AP  -  419 words
    • Article
      Lock icon Greek youth joblessness tops 64%
      227 15 Reuters [ATHENS] Greek youth unemployment rose above 60 per cent for the first time in February, reflecting the pain caused by the country’s crippling recession after years of austerity under its bailout. Greece’s jobless rate has almost tripled since the country’s debt crisis emerged in
      Reuters  -  227 words
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      Lock icon Founder of geometric knitwear fashion house Missoni dies
      390 15 AP [MILAN] Ottavio Missoni, the patriarch of the iconic fashion brand of zigzag-pat-terned knitwear that has added a classy touch of colour and style to countless well-dressed women, died yesterday in northern Italy. He was 92. A statement issued by Missoni SpA
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      Lock icon Bank of England leaves policy unchanged
      407 15 It holds off on bond buying, leaves rates at record low ahead of Carney’s arrival Reuters [LONDON] The Bank of England decided against pumping more stimulus into Britain’s fragile economy yesterday, as policymakers await the arrival of new governor Mark Carney amid signs that
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      Lock icon Lloyds bank to axe another 850 jobs
      249 15 Reuters [LONDON] State-backed Lloyds Banking Group is cutting another 850 jobs to reduce costs, bringing the total number of jobs axed by the British bank since its 2008 bailout to around 35,000. Lloyds, 39 per cent owned by the British taxpayer, said yesterday
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      392 15 Electricity board decides to direct dwindling supply to residential areas Reuters [YANGON] Manufacturers in Myanmar’s two biggest cities are facing steep increases in costs and possible job losses after the government shut down their electricity supply, the latest sign that the ageing power
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      Lock icon EU warns of huge shocks unless bank deposits have preference
      506 16 Study looking at options to put depositors ahead of other creditors Bloomberg [BRUSSELS] European Union deposit-insurance funds would be vulnerable to “huge shocks” unless depositors get preferred treatment over other unsecured creditors, a study on proposed rules for handling failing
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      Lock icon Microsoft picks its first woman chief financial officer
      373 16 Amy Hood moves from her position as CFO of giant’s business division NYT [SEATTLE] Microsoft has named Amy Hood, an executive at the company, as its chief financial officer, the first woman to hold the top finance job at the tech giant.
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      Lock icon Poor pay heavily as US colleges aid rich students
      410 16 To improve ranking top students given merit aid: report Bloomberg [BOSTON] US colleges such as Boston University are using financial aid to lure rich students while shortchanging the poor, forcing those most in need to take on heavy debt, a report
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      Lock icon Sony posts 43b yen net gain, its first annual profit in 5 years
      378 17 But results were mostly due to weak yen and gains from asset sales AFP [TOKYO] Struggling electronics giant Sony said it has booked its first annual net profit in five years, offering a glimmer of hope for
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      Lock icon McDonald’s April sales drop
      230 17 Decline due to avian flu in China and softer results in Japan and Australia Bloomberg [CHICAGO] McDonald’s, the world’s biggest restaurant chain, said sales at stores open at least 13 months fell 0.6 per cent last month as growth slowed in its Asia-Pacific region. Analysts estimated
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      1563 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices M Emirates NBD GROUP CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2012 Independent Auditor's Report The Shareholders Emirates NBD RISC Report on the Consolidated Financial Statements We have audited the accompanying consolidated financial statements of Emirates NBD PSJC "the Bank"
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      17 14 Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings BSAISa NOTICES CLA/FEB1 1/g
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      119 15 Wine, Dine Hospitality Highlights TEA INSPIRED, ARTISTICALLY CREATED Palatable culinar)' art for our Indulgence. From non 1 fill July 2013 Golden Peony brings back its popular tea inspired menu with more innovative culinary creations, infused with the essence of fragrant brew. Be inspired by delicacies that delight both the palate
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      639 16 mma notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices o KDB Bank the korea development bank Headquarters: 16-3 Yeouido-dong, Yeongdeungpo-gu, Seoul 150-973, Korea Tel: (82-2) 787-4000/5000/6000/7000 Fax: (82-2) 787-7891 Swift: KODBKRSETlx: KODBANK K***** Website: http://www.kdb.co.kr Singapore Branch: 8 Shenton Way #07-01 AXATower Singapore *****1 Tel: *****188 Fax: *****540 Email: singapore@kdb.co.kr
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      834 16 LEY CHOON GROUP HOLDINGS LIMITED (Company Registration No.: **********G) (Incorporated in Singapore under the Companies Act, Chapter 50) Registered office: 4 Sungei Kadut Street 2, Sungei Kadut Industrial Estate, Singapore *****6 NOTICE OF EXPIRY OF WARRANTS TO: ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR NEW ORDINARY SHARES IN THE CAPITAL
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      201 16 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF VERTEX CHINA TECHNOLOGY LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No: *****7886Z) NOTICE IS HEREBY GIVEN that the Final General Meeting of the abovenamed Company will be held at 47 Hill Street #05-01 Singapore Chinese Chamber
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      1509 17 WATO NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ADDRESS: No. 3 SUNG-SHOU ROAD, TAIPEI, TAIWAN, R.O.C. TELEPHONE NUMBER: 886-2-2722-2002 CHINATRUST COMMERCIAL BANK CO., LTD. FINANCIAL STATEMENTS DECEMBER 31, 2012 AND 2011 AND INDEPENDENT AUDITORS’ REPORT BALANCE SHEET For the years ended December 31, 2012 and 2011 (Expressed in Thousands of
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      1823 17 Svenska Handelsbanken (Incorporated in Sweden) www.handelsbanken.com Singapore Branch: 65 Chulia Street #21-01/04 OCBC Centre Singapore *****3 Telephone: 65-6532 3800 Telefax: 65-6534-4909 Swift Address: HAND SG SG Balance Sheet of Parent Company as at 31 December Income Statement of Parent Company for the year ended 31 December SEK m 2012 2011
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  • AVIATION/SHIPPING
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      Lock icon Delta marks recovery with US$1b buyback, dividend
      696 18 Dividend comes after years of losses, bankruptcy and Northwest purchase WP [ATLANTA] Delta Air Lines Inc plans to return US$1 billion to investors by repurchasing stock and restarting its dividend after a dec-ade-long break punctuated by bankruptcy and the biggest acquisition in its
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      Lock icon Drought forces Panama Canal to save energy
      313 18 AP [PANAMA CITY] The Panama Canal Authority said on Wednesday it has adopted several water-saving measures to help save energy as the Central American country faces a power shortage because of a lack of rain. It said it has suspended use of hydraulic
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    • Article
      Lock icon Paint-job being done but A350 won’t be painting the town
      584 18 Reuters [LONDON] Airbus has started painting the A350, a sign that it is approaching a maiden flight, but has bowed to the industry’s increasingly pragmatic mood by deciding against a traditional “rollout” for its newest jet. Eight years after European
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      Lock icon US combat ship’s delay fuels questions over its future
      811 18 Navy programme under close scrutiny as cost balloons Bloomberg [WASHINGTON] Senator John McCain questioned the future of the Navy’s troubled Littoral Combat Ship as the latest batch of vessels is running as much as a year behind delivery schedules. “We need
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      Lock icon TRANSPORT STOCKS
      235 18 SGX '000 May 9 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.27 unch 236 Cosco Corp 0.81 -0.01 2645 Vol First Ship Lea 0.13 unch 163 Freight Links 0.09 unch ***** Grand Banks 0.32 -0.03 7 Jaya Hold Ltd 0.65 -0.01 130 K1Ventures 0.17 unch ***** Keppel
      235 words
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      62 18 NOTICE APL CO. PTE LTD AMERICAN PRESIDENT LINES, LTD (collectively referred to as “APL”) NOTICE is hereby given that the following entities, including their respective subsidiaries and/or associated companies, are not and have never at any time been the authorized agents of APL:1. Eng Lee Shipping Co Pte Ltd 2.
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  • S SPECIAL LUXURY LIVING
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      Lock icon BRIGHT IDEAS
      842 19  -  The right lighting sets the mood and ambience of a room By MIKE LEE NO LONGER a mere accessory, lighting is now considered an integral part of home design. “Light is definitely not just seen at the end of the tunnel,” says Ms Margie Bautista of XZQT The
      PHOTOS: FONTANA ARTE, SLAMP, OCHRE; PHOTOS: OCHRE, LUMEN CENTER ITALIA  -  842 words
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      Lock icon SUITE DREAMS
      918 21  -  A monochromatic palette, reflective surfaces and classy furniture make this showflat glamorous By JAMIE EE ONE Shenton can be considered the epitome of luxurious downtown living. To complement the grand, classy architecture of this luxury high-rise condominium in Shenton Way, a team of four designers from award-win-ning firm
      PHOTOS: SUMISURA  -  918 words
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      Lock icon ARTISTIC MAKEOVER
      687 22  -  Traditional furniture and appliances are given a modern twist to look better Compiled by Cheryl Tay Royal looks Les Rêves Byzantins tableware by Rosenthal X Versace. Les Rêves Byzantins (Dreams of Byzantine) is a luxurious new tableware and giftware collection that has exotic influences from the Far East.
      PHOTOS: AIR, B-LINE, DA VINCE, DIESEL COLLECTION, KARTELL, SKITSCH, VERSACE HOME  -  687 words
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      Lock icon DRESS UP THE WALLS
      375 23  -  Striking wallpaper designs, funky shelves and avantgarde mirrors give your home a unique look By CHERYL TAY WALLS often go unnoticed, but the right wallpaper designs can give home owners room-transforming, style-defining powers. From traditional and classic to bold and graphic, the trend of funky wallpaper
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      Lock icon SPACE MAKER
      818 24 / 25  -  Clever furnishings and neat décor can make a room look bigger By TEO KUAN YEE MULTI-PURPOSE furniture with showstopping designs that create more space are wowing home owners as apartment sizes shrink. High on the style factor, multi-func-tional furniture conceal hidden storage or functions like a coffee table
      PHOTOS: B-LINE, CAPELLINI, DA VINCI HOME, LGM, FLUX, REBUS  -  818 words
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      18 19 0MISURA NUMERO UNO CREATIVE GROUP Singapore Kuala Lumpur )70=*P*$HD8P=N@="@?>:5:=# %P<H*PB;H0D’P<HLB0;A’&>:5:=H@:< 9=@FP,;<)<H0$:CCH;)70=*<+/-Q AHLJ(@CCPB*0;H@BN@="@?>:5:=# %P<H*PB;H0D’P<HLB.#)<H090,HNH, 9=@?P=;#)70=*<+/-+ -K"0H$PBL$;=PP; !/I2/I3R$6MQO-QG 4KMK+G-EM// 7771<:CH<:=010<H0
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      46 20 U v d rr WEARETHE ORIGINAL BUT ARE OFTEN ft clei M 4 Li H3T Powered byj marker Visit Smootree for the widest range of space-saving and transformable furniture smootree 9 Raffles Boulevard #01-84 Millenia Walk Singapore *****6 Tel: 6270 2935 salesldsnnootree.sg www.smootree.sg INNOVATIVE SPACE-SAVING MULTI-FUNCTIONAL
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      166 21 LIVING LIFE FULLY CHARGED BLACK sr s I V SC M BEYOND U./VU ij The luxury of the Simmons® Beautyrest Black® mattress takes on new levels of meaning and relevance as it pushes the detail boundaries, to achieve the ultimate comfort and rejuvenation in mind. With its carefully constructed experience
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      215 22 MATTRESSES AND PILLOWS What if you like it SOFT, but she likes it FIRM? "DOUBLE-SINGLE" or "SINGLE-DOUBLE" is your solution. Introducing the NEW 21cm Tempur® Mattress Collection A Perfect Fit for Every Body. TEMPUR® offers 3 DIFFERENT MATTRESS FEELS: ORIGINAL FIRMER feel with outstanding comfort and support CLOUD SOFTER, comfort
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      104 22 Italian Leather Sofas h NICOLETTIHOME SALE Modular Sofas Configured To Your Needs |Ki NICOLETTIHOME nfll Maratea Sofa Contemporary Designs Be Spoilt For Choice! Wide Selections Of Leather Colours Angel SOFA Ergonomically Crafted UnCompromised Quality View Our Wide Range Of Italian Sofa Sets Serena ms mM Oregon Sofa Itaca Sofa California
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      189 23 Bertazzoni. For the intelligent kitchen. Originating from Italy's famed Emilia-Romagna region, Bertazzoni is backed by its rich culinary and engineering heritage that dates back to 1882, resulting in the creation of appliances that cook beautifully and intelligently. Behold the stunning F30 CON XT, a sleek 76cm multifunction oven in black
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      40 23 Tru Living U.S Made Sofa r 1,999 I I ■ytr ■~"7T I I Bassett i Broyhill HOME BRANDS Plaza singapura 04 17, 68 orchard road, Singapore Il ll Sophia Flats t. (+65) 6336 0662 Park Mall t. (+65) 6352 7307
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      23 24 / 25 8? 1 jV ItiSii m •zr f!.; 4 ss < T»?* iSM i /V; V* i«¥ -■OV KO *< iw £JCJ*T// a :.'f if ■M
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      41 24 / 25 IL t c ll 7 I I I—i .J El J T BEL > '';L s \>\ w A *w LC4 chaise longue by Le Corbusier, Jeanneret, Perriand and Cassina. Design first. 456 River Valley Road t: 6235 0220 www.dream-int.com e: info@dream-int.com DREAM
      41 words
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      168 24 / 25 Benvenuti a casa. u L a* 1 A 'a m DA VINCI HOME COLLECTION 191 UPPER BUKIT TIMAH ROAD TEL +65 6468 6333 DA VINCI HOME MARINA BAY SANDS 2 BAYFRONT AVENUE #01-29 TEL +65 6688 7555 "Englander' USA Since 1894 > BETTER SLEEP, BY DESIGN:' I Why Not Pamper
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      121 24 / 25 INTRODUCTORY UPT0 SALE30^ tfi: i -Jk Sophia Lounge Aj j k I Wind Lounge Corona Malmo Lounge www.lifeouldoorliving.com LIFE LIFE Outdoor Living Premium trendsetter in garden furniture from the Netherland. A complete selection of modern-design garden and terrace furniture, made with different materials such as stainless steel, aluminium, granite, recycled
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  • EDITORIAL & OPINION
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      Lock icon Companies must be challenged on ethics
      498 26 EDITORIAL THE month of April was nothing short of disastrous in terms of workplace accidents. An explosion at a fertiliser plant in Texas killed 14 people. Also in Texas, a fire at an Exxon refinery injured 12 workers. The most appalling was the collapse
      498 words
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      Lock icon Time to reverse the destructive turn towards austerity
      824 26  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and interna tional affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT AT this point the economic case for austerity for slashing government spending even
      – NYT  -  824 words
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      Lock icon Discriminating against the rich
      978 26  -  Should the state provide security to rich citizens who are facing terrorist threats? By NEETA LAL The writer is a New Delhi-based journalist SHOULD the state provide security to its rich citizens who are facing a threat perception? This debate has flared anew in India following
      PHOTO: AFP  -  978 words
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      Lock icon Chinese aunties go for gold
      1238 27  -  A mid-April record crash in global gold prices has been seen in China as an unprecedented buying opportunity By ADAM MINTER The writer is the Shanghai correspondent for the ‘World View’ blog and is writing ‘Junkyard Planet’, a book on the global recycling industry. The
      Bloomberg; PHOTO: BLOOMBERG  -  1,238 words
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      Lock icon Get ready for three-digit gold
      388 27  -  By IAN CAMPBELL HH REUTERS BREAKINGVIEWS BULLION may have bounced after its recent fall, and in the short term its price may remain volatile. But gold’s plunge is a sign of the departure of investors. A fall below US$1,000 is possible this year or next.
      HH REUTERS BREAKINGVIEWS  -  388 words
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  • Article
    Lock icon Shipping Times
    2599 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
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      139 28 J e b e lA Shanghai■ LaemChabang■ Chittagong li Port Klang J e d d a h B r i s b a n e H a m b a n t o t a NYK RORO Conventional ServiceREGULAR SERVICE TO REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea, Australia,
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      18 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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      176 29 Importers looking for Warehouse Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT
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      0 29 +-\@;+$[=/={'>*!<{\\/|`"|'"%@}}
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  • PROPERTY
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      Lock icon Hiap Hoe’s Zhongshan Park project complete
      414 30  -  Group to build more hotels as it retains its role as a niche property developer By NG ZHUO YANG HH Properties Pte Ltd, a member of the Hiap Hoe Group, has announced the completion of its first hotel-cum-commercial development off Balestier Road. Spanning 190,000
      PHOTO: LIANHE ZAOBAO  -  414 words
    • Article
      Lock icon UK landlords must verify tenants aren’t illegal immigrants
      320 30 Fines for those who fail to check visa status of occupants Bloomberg [LONDON] Landlords in the UK would be fined thousands of pounds if they fail to check the visa status of their tenants to ensure they’re legally in the country, under
      Bloomberg  -  320 words
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      Lock icon City Square adds another major tenant with Uniqlo’s June opening
      522 32  -  Daiso, Challenger Mini among other retailers to have set up shop recently By KALPANA RASHIWALA WHEN Uniqlo opens its 9,000-square-feet store at City Square Mall next month, it will mark the latest change for the shopping centre along Kitchener Road,
      522 words
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      Lock icon Lagoi Bay to boost Bintan tourism
      372 32  -  New resort to add 2,000 rooms to the island in 3 years By BENJAMIN AW LAGOI BAY, Bintan’s newest resort destination, is expected to attract more tourists to the island when it opens its doors at year-end. When the 1,300-hectare resort is completed, it
      372 words
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      592 30 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D04 HOUSE FOR SALE SENTOSA COVE DRIVE Below value! Bungalow 8600/ 6800 sqft. Golf course view, Pool. Serious seller. $16.XXm only! Julin Tan 9699 9980 D10 HOUSE FOR SALE CORONATION DRIVE New listing! Coronation Drive, 999 yrs. 2-storey Semi-D, 3846 sqft, Elevated
      592 words
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      121 30 D04 APARTMENT FOR SALE CARIBBEAN AT KEPPEL BAY Fire Sale. Ground floor. 1733 sqft. 3+1. $3.15M ($1800 psf) Huge patio/ living hall. vacant. 9630 4129 Wendy D04 APARTMENT FOR SALE CORALS KEPPEL BAY $1600 psf up. 1 2 3 4 rooms. Sea marine pool view. Prestigious lifestyle living. Call for
      121 words
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      1048 31 D05 APARTMENT FOR SALE CORALS KEPPEL BAY 1-4 room, Penthse. Harbourfront MRT, Vivo, 366 units, from $1.5M. Call for VVIP Preview! D05 APARTMENT FOR SALE THE ROCHESTER Rochester 1216 sqft. 2 bdrm Big Balcony. MRT. Great view. $1.95m (neg). Vacant. Daniel 8133 7880 D09 APARTMENT FOR SALE 111 EMERALD HILL
      1,048 words
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      170 31 D04 APARTMENT FOR RENT MARINA COLLECTION Penthouse Marina Collection with private pool. Tenant’s privileged to One 15 Marina Club. Attractive rental. Lippo 6227 4937 D08 APARTMENT FOR RENT CITYLIGHTS 3 bdrms 1313 sf. P/furn. Immed. Near MRT Town Amenities. $5.5K neg. Ken Lim 9072 7878 D09 APARTMENT FOR RENT RODYK
      170 words
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      543 32 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D22 FACTORY FOR SALE PIONEER CENTRE 1485 sqft. Tuas Lot 5662 sqft with crane. Westlink One. 2756 sqft, Many units for sale or rent. D22 FACTORY FOR SALE TRADEHUB 21 1453 sqft. Fully fitted, Ramp-up. Low floor. Vacant unit. Must view! Call
      543 words
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      131 32 D10 SHOP FOR RENT TANGLIN VICINITY Groundflr commercial space 9500 sf. Road facing Good frontage. Immediate. Call 9799 8119 Chris D14 FACTORY FOR RENT PAYA LEBAR 9,000/ 19,000 sqft per floor. 15kn high power. Ceiling Height: 5 or 6m. Minutes walk to MRT good location. Dominic 9825 2101 Savills D15
      131 words
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      629 33 FOREIGN PROPERTY FOR SALE APARTMENT IN BANGKOK Sukhumvit 15 Grade A condo. F’hold. Best Locale for Investment. Mins MRT/ BTS. F/furn. Special Discount from $135K. Shaun 9799 7645 FOREIGN PROPERTY FOR SALE ISKANDAR IN MALAYSIA Modern Luxury Pool Villa. 8000 sqft. S$2M, $250psf. Next to 6 universities!!! Don’t miss! Clifford
      629 words
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      411 33 FOREIGN PROPERTY FOR SALE CENTRAL BANGKOK VVIP preview this weekend. 15 Sukumvit! Walk to terminal 21. Prices from $130k+. Grab now! Shan 9118 6993 STAR BUY! 1-DAY EVENT HESITATE NO MORE! Refreshments Provided! Date: 10 MAY 2013 (FRIDAY) "SS* \easehoia_ m I Your Symbol of Biz Sophistication zru m m
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      95 33 FOREIGN PROPERTY FOR SALE D’RESIDENCES IN MALAYSIA D’residences Medini. Next to Legoland. Low down from S$1xxK. Interest Absorb! Free SPA subsidy D09 Freehold The Lumos (9 Leonie Hill) W* Knight H Frank OemMouse Szdggt Sat/Sun 'Oam-Spm 1/3/ 4-bdrm/ penthouse •Panoramic view Vincent Lim (CEA R*****9D) www.lincaifu.myweb.sg New Launch! Luxury Urban
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      57 33 FOREIGN PROPERTY FOR SALE SUKHUMVIT CONDO IN THAILAND Freehold. Near MRT BTS. Fully furnished!!! Good investment. Call 8366 9770/ 9221 7548 THE WAIT IS FINALLY OVER! KAP KAP Residences An Iconic Freehold Mixed Development, Walk to Upcoming KAP MRT 9857 9207 Jason Lin (CEA REG NO: R*****1E) Preview Registration NOW
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      3255 34 Transaction date: May 9 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company 5 3 A-Sonic --AAT Vol Day Last Quote (’000) High Low Buyer Seller Div Gr Yld C'vr 184 106
      3,255 words
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      Lock icon SGX CATALIST
      178 35 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 C000) High Low Buyer Seller C’vr P/E Smil 3.3
      178 words
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      Lock icon UNIT TRUST & FUNDS
      10979 35 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FuncfCI A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mat Asia Limited American Opp ....0.8381/ Asian Smaller Cos!' ,2.0744/ EM local Ccy Bond 1 0258/ European Opportunities!’’ 1.2033/ Global Emerging Markets!" Global Opportunities/*'
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      Lock icon GLOBALQUOTE
      262 35 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A40 unch 16 40 40 40 41.5 3.6 8.8 3.2 145.8 51.5 30 Genting HK US$ US51 +1.5 ***** 51.5 49.5 50.5 51 3358.1
      262 words
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      Lock icon SGX ETF
      932 35 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 119 15 119 119 118.8 120.2 543.2 136.8 120.4 CIMB APAC Div 100S$D 136.8 141.9 142.8 114.4 95.8 CIMB APAC
      932 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      634 36 May 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.95 *****.82 *****.48 Jun13 *****.00 *****.00 *****.00 *****.00 *****6 *****0 Sep13 *****.00 *****.00 *****.00 *****.00 287 4000 MSCI TAIWAN INDEX FUTURES SPOT 299.52 301.85 299.52 May13 299.80 302.10 299.30 301.50 ***** *****0 Jun13 299.70
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 36 In local curr In S$ In US$ dy yr dy yr dy yr May 8 Index Change Change Change Change Change Change World Preliminary 1071.7 0.5 14.2 0.3 12.8 0.7 12.2 EAFE Preliminary 895.5 0.7 15.6 0.8 11.6 1.2 11.0 Europe Preliminary 1264.0 0.7 10.2
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 36 May 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.025 6.278 0.777 7.944 55.487 99.601 1.012 11.168 3.041 1.211 100.722 41.816 1.257 9.212 0.957 30.096 30.152 0.658 1.024 Canada 0.975 6.124
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    • Article
      Lock icon SIBOR
      67 36 May 9 (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$) 3 mths 0.***** 3 mths 6 mths 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP
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    • Article
      Lock icon PRECIOUS METALS
      135 36 May 9 GOLD(US$/oz) May 09 May 08 Hong Kong 1478.30 1464.20 May 08 May 07 London 1467.16 1445.84 1467.93 1447.06 Source: Thomson Reuters CAST BAR May 09 (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
      90 36 May 9 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 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.07 5-Year N*****0T 2.375 01-Apr-17 100.08
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    • Article
      Lock icon PALM OIL
      57 36 May 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2280.0 2288.0 2289.0 2280.0 104 1257 Jun 13 2278.0 2280.0 2282.0 2266.0 761 6615 Jul 13 2283.0 2287.0 2292.0 2271.0 ***** ***** Aug 13 2281.0 2286.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 36 May 9 May Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2571 1.2575 1.0235 1.0238 Canadian dollar 1.2260 1.2266 0.9986 0.9982 Euro 1.6170 1.6173 1.3166 1.3167 NZ dollar 1.0378 1.0384 0.8450 0.8454 Sterling pound 1.9101 1.9106 1.5552
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 36 As at 9am May 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.278 1.218 Can dollar 1.246 1.199 Euro 1.653 1.575 Sterling pound 1.942 1.868 NZ dollar 1.060 1.020 US dollar 1.251 1.192 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      158 36 May 9 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1052 36 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 -0.1 10 1 27 30
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    • Article
      Lock icon CHICAGO BOT
      109 36 May 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1479.00 1463.50 1485.00 1461.50 Jul 13 1390.75 1382.25 1403.00 1379.00 Aug 13 1329.50 1329.50 1341.50 1324.25 Sep 13 1257.00 1258.50 1267.50 1250.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13
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    • Article
      Lock icon LIFFE
      95 36 May 8 COCOA (£/tonne) Close Prev High Low May 13 1556 1563 1566 1540 Jul 13 1558 1570 1571 1545 Sep 13 1565 1577 1577 1554 Dec 13 1569 1580 1580 1558 COFFEE(US$/tonne) Close Prev High Low May 13 1955 1960 1967 1949 Jul 13 2006 2010 2010 1995
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 36 CRUDE OIL PRODUCTS May 08 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 103.82 -0.94 WTI (Near Mth) 96.52 0.90 Dubai (1-Mth F) 100.94 -0.92 Tapis blend 109.71 -1.15 Minas 102.51 -1.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.22 0.66 Jet Kerosene 115.84 -0.24 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 36 May 9 S$ Bid Offer 1-month 1.2282 1.2283 2-months 1.2281 1.2283 3-months 1.2281 1.2283 6-months 1.2278 1.2286 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      67 36 May 08 May 08 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1876.25 1847.75 3 months 1908.00 1882.00 Copper, Grade A(US$/tonne) Cash 7394.25 7238.75 3 months 7419.00 7265.00 Lead(US$/tonne) Cash 2045.00 2007.50 3 months 2064.00 2027.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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  • FOOD/WINE
    • Article
      Lock icon White Graves: Many don’t know they exist
      1108 37  -  They are worth serious consideration and a small selection can be found in Grands Vins and Wine Culture locally, saysNK NK YONG THIRTY years ago, white Bordeaux was hardly (if ever) seen on the local dining or drinking scene. There were no specialty
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    • Article, Illustration
      Lock icon Say ‘konichiwa’ to Gourmet Japan again
      611 37  -  By SARA YAP VINTAGE wines, whisky to suit Asian palates, and a Japanese afternoon tea: these are some of the highlights that wine connoisseurs and foodies can look forward to at this year’s Gourmet Japan festival. Back in its second edition, the gastronomic event
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    • Article, Illustration
      Lock icon Gunther’s, Yan Ting the best spots for business lunch
      447 37  -  By SARA YAP THE business lunch crowd has spoken. When it comes to a working lunch that hits the spot in terms of food quality and ambience, Gunther’s and Yan Ting are the top choices. At the G Restaurant Awards ceremony
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  • Page 37 Advertisements
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      92 37 S *LVVht BT SECU^t* STAMFORD CELLARS The ultimate WINE CELLARAGE Located in Asia’s only ultra-high security freeport dedicated to the storage of fine art and high value collectibles, Stamford Cellars at The Singapore FreePort is committed to absolute standards and highest level of confidentiality. Stamford Cellars the ultimate wine cellarage
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  • ARTS
    • Article, Illustration
      Lock icon An ‘artistic’ view of land reclamation
      788 38  -  S’pore Biennale 2013 will see dozens of artists from S-E Asia create works to the theme of ‘If the World Changes’, saysCHEAH CHEAH UI-HOON LAND reclamation is one issue to be addressed at this year’s Singapore Biennale, through photography artist Erica Lai’s work. “It’s
      PHOTO: IMAGE COURTESY OF THE ARTIST  -  788 words
    • Article, Illustration
      Lock icon On catwalk with the funny side of fashion
      701 38  -  By SARA YAP FASHION has always carried a sheen of exclusivity there are the supermodels decked in expensive designer threads strutting down the runway. And there are the too-cool-for-school young hipsters who show off their impeccable sartorial sense on media-sharing platforms such
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    • Article, Illustration
      Lock icon Param’s an ambassador of art now
      769 38  -  By CHEAH UI-HOON Nik Zainal Abidin, Malaysia’s Foremost Wayang Kulit Artist WHEN he was a diplomat, former Malaysian high commissioner to Singapore N Parameswaran started collecting art. He would buy the art in the countries where he was posted, but more importantly, he started
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    • Article, Illustration
      Lock icon SLO makes a grab for mainstream audiences
      733 39  -  A long-time champion of Western operas, Singapore Lyric Opera turns its hand to a new 100% Singaporean musical, writes HELMI YUSOF HELMI YUSOF FOR the past 22 years, the Singapore Lyric Opera (SLO) has been proudly presenting canonical Western operas, from Madam Butterfly
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    • Around Town
      • Article, Illustration
        Lock icon Food
        230 39 ‘Moms Go Loco Local’:Celebrate Mother’s Day by taking your mother for an afternoon of high tea and shopping at the Grand Park Orchard. There will be an all-you-can-eat local high-tea buffet at Open House restaurant, followed by shopping at a pop-up boutique in the hotel’s Presidential Suite. Open exclusively
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      • Article
        Lock icon Music
        249 39 Tan Chin Tuan Music-For-All-SSO Classics in the Park: Mother’s Day Concert: In celebration of Mother’s Day, the Singapore Symphony Orchestra (SSO) will play a special repertoire of songs specially dedicated to mothers. Conducted by Joshua Kangming Tan, the orchestra will perform tunes such as Belle of the Ball by
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      • Article
        Lock icon Fashion
        91 39  -  Compiled by SARA YAP Audi Fashion Festival 2013: Check out runway collections from international and Asian designers at this five-day annual fashion festival. Centred on the theme of “Crafting the Future”, it will feature collections from big names such as Carolina Herrera, Tsumori Chisato and Ashley Isham. Tent Marina
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    • Article, Illustration
      Lock icon New Soutine record set at Christie’s impressive sale
      374 39 Re uters [NEW YORK] A record was set for French artist Chaim Soutine on Wednesday at Christie’s auction of Impressionist and modern art, which met expectations with a total of just under US$160 million. The tightly edited sale of 47 works exceeded
      Reuters; PHOTO: AFP  -  374 words
    • Article, Illustration
      Lock icon An anatomy filled with inane metaphors
      504 39  -  By SARA YAP EARLY on in Glass Anatomy, antagonist Shen Ni (Judee Tan) sang: “The unfamiliar future holds many surprises.” She couldn’t have been more prescient. As the story unfolded, the audience was surprised all right by how a simple rags-to-riches tale by Toy
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  • Page 39 Advertisements
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      Lock icon Page 39 Advertisements Column 1
      36 39 Iohn Erdos \~\ovy\£. 77 21ST ANNIVERSARY SALE OFF EVERYTHING! NOW THROUGH SUNDAY 10AM-8PM c FURNITURE RUGS LAMPS GIFTS-ACCESSORIES www.johnerdos.com.sg 7 A 7B DEMPSEY ROAD 6735-3307 NOT INCLUDING PORTER S PAINTS. PLOW. GEORG JENSEN. YANKEE CANDLE ARTWORK.
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  • MUSIC/BOOKS
    • Article, Illustration
      Lock icon Songs in The Eagles’ tell-all seal the deal
      832 40  -  The DVD is an intriguing insider look into the tumultuous world of the band and its implosion, writes DYLAN TAN THE story of American rockers The Eagles may not be the most uncommon one in music history but the soundtrack to it
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    • Article, Illustration
      Lock icon Showcasing their diverse repertoire
      681 40  -  By NATALIE KOH A GROUP of male singers singing Renaissance tunes is not exactly an easy sell to the mainstream audience. So for a chorus to have lasted 35 years, it’s imperative to stay relevant instead of clinging onto centuries’ old music. That’s exactly the tune
      681 words
    • Article, Illustration
      Lock icon Gatsby continues to evade Hollywood grasp
      1014 40 AP [NEW YORK] F Scott Fitzgerald’s The Great Gatsby is short, almost novella size. It features larg-er-than-life characters, glamorous extravagance and dramatic demises. On its surface, it’s the most Hol-lywood-friendly of the great American novels. But Gatsby remains elusive, its poetry largely locked on
      AP; PHOTO: AP  -  1,014 words
  • Page 40 Miscellaneous
    • Miscellaneous
      Lock icon Page 40 Miscellaneous Column 1
      306 40 CRYPTIC CROSSWORD Across 1 Concealed weapon revealed in argument between two seconds (5-5) 6 Novelist’s foreign friends (4) 9 Egg’s general character is about right for starter (10) 10 Advertising material mostly making indistinct impression (4) 12 Loss of power taking heart from scandal (6) 13 Foreign Office swore to
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  • CINEMA/COVER STORY
    • Article, Illustration
      Lock icon A political thriller for grown-ups
      650 41  -  The Company You Keep acquits itself well with a storyline that holds up under scrutiny, says GEOFFREY EU GEOFFREY EU IN the wake of recent events in Boston, a fictional film about 1970s-era domestic terrorism and its lasting consequences is a sad reminder –as if
      PHOTO: BLOOMBERG  -  650 words
    • Article, Illustration
      Lock icon Lots borrowed, nothing new at this Wedding
      519 41  -  By DYLAN TAN WEDDINGS can bring out the best and worst in people it’s a theme that’s been explored in numerous movies and revisited once again in The Big Wedding, an all-star Hollywood remake of the 2006 French comedy My Brother Is Getting
      PHOTO: BLOOMBERG  -  519 words
  • Page 41 Advertisements
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      Lock icon Page 41 Advertisements Column 1
      27 41 GOLD SEASON Jewellers see better response this Akshaya Tritiya Nagesh Kukunoor: Man who makes highemotion movies GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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    • Advertisement
      Lock icon Page 41 Advertisements Column 2
      97 41 Discover a total solution for your every business need a i c ASIA 10-12 JULY 2013 Marina Bay Sands Singapore www.OfficExpoAsia.com Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF SjSl Blk 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel: (65) 6848 5938 Fax: (65) 6848 4182 Email: OEA@bizlink.com.sg
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  • executive lifestyle
    • Article
      Lock icon Juggling music and work
      389 42  -  Want to be a musician? Make sure you keep your day job, comes the usual advice. Four musicians have done just that balancing work and passion. NATALIE KOH meets a successful quartet who don’t have to suffer for their art. NATALIE KOH YOU know the old
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    • Article, Illustration
      Lock icon Love for music helps him with job
      675 42 Yee Chang Kang, 41, television commercials film director/songwriter-guitarist-singer of Typewriter (typewriterband.com/) WHILE most guys grow out of their teenage guitar-playing phase by the time they hit their mid-twenties, Yee Chang Kang, 41, didn’t. The Ordinary People, a band he formed when he was
      PHOTO: LITTLE ONG  -  675 words
    • Article, Illustration
      Lock icon Striking fresh notes after 10-year break
      667 42 Noel Yeo, 39, freelance creative director/ songwriter-guitarist-singer of Shelves (shelvestheband.wordpress.com) IT isn’t uncommon for musicians, especially in Singapore, to put music on the back burner while waiting for the next creative spark or to concentrate on building a corporate career. In Noel Yeo’s (below)
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    • Article, Illustration
      Lock icon Maintaining the desired balance
      1367 42 Dawn Ho, 29, legal counsel/bassist of Tricks Cider (www.tricksandcider.com/) YOU could say that Dawn Ho (right) grew up playing music. She took piano lessons as a child, messed around with her mother’s old guitar, and played the bass guitar in bands in school and church during
      PHOTO: MARTIN CHUA  -  1,367 words