The Business Times, 11 May 2013

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 48
1 20 The Business Times
  • 20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g MAY 11-12, 2013 S$1.00 MICA (P) 075/08/2012 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • 30 1 DELISTING UOL Group is offering $2.55 in cash per share for its exit offer and delisting proposal for the Pan Pacific Hotels Group.| 2
    30 words
  • 44 1 spring’s largesse SPRING Singapore disbursed S$1.3 billion worth of government loans to 4,000 SMEs last year, but this is a fraction of the 14,000 loans worth S$6.1 billion it had given out during the global financial crisis. 4
    44 words
  • 32 1 DAYLIGHT ROBBERY A WORLDWIDE gang of criminals stole US$45 million in hours by hacking into a database of prepaid debit cards and draining cash machines around the globe. 8
    32 words
  • 42 1 CAPITAL REDUCTION FRASER and Neave plans to pay out $3.28 per share through a capital reduction as it reported that a cloud of non-recurring variables from its ownership transition sent Q2 net profit tumbling 45 per cent.| 12
    42 words
  • 657 1  -  This comes as BOJ’s monetary easing sparks capital outflow from Japan into foreign bonds By Anthony Rowley btworld@sph.com.sg Tokyo HE yen has finally broken through the 100 to the US dollar level after a month of failed attempts and appeared to be heading
    PHOTO: REUTERS  -  657 words
  • 1218 1  -  By Joyce Hooi joyceh@sph.com.sg Singapore THERE is an apt, if overused, maxim about knowing the price of everything but the value of nothing. Motherhood is one of the few things in which the opposite is true. It is valued abstractly and will be clumsily
    Source: ILO, Singapore Ministry of Manpower  -  1,218 words
  • Page 1 Advertisements
    • 29 1 the the DOW REAL ESTATE Shophouse sales surge in Q1|35 MOTORING The all-new Jaguar F-Type L19 the raffles conversation DOW CORNING CEO ROBERT HANSEN 10-11 LIVING Mother’s way L2-4
      29 words

  • TOP STORIES
    • 893 2  -  This is at an 8.97% premium over PPHG’s last traded share price on Thursday By Kalpana Rashiwala kalpana@sph.com.sg Singapore WEE Cho Yaw-controlled UOL Group is offering $2.55 in cash per share for its exit offer and delisting proposal for the Pan Pacific Hotels
      FILE PHOTO  -  893 words
    • MARKETS
      • 57 2 GSTI 3,443.77(+10.99) GSTI FUTURES 3,437.00 (+13.00) GSIMSCI 389.17 (+0.95) GSIMSCI FUTURES 388.40 (+1.60) KL COMP 1,772.38 +6.31 NIKKEI 225 14,607.54 +416.06 HANG SENG 23,321.22 +109.74 SET 1,622.48 +1.36 JAKARTA 5,105.94 +16.60 MANILA 7,262.38 +67.95 KOSPI 1,944.75 -34.70 SHENZHEN B 847.06 +2.76 MUMBAI IND 20,082.62 +143.58 12noon EDT Change DOW
        57 words
      • 29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.378 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg
        29 words
      • 48 2 US$ S$ US$ (S$ per US$) 1.237 (US$/S$ per 1.544 1.910 EURO(US$/S$/€ 1.303 1.612 Foreign currency per US$ S$ YEN 101.30 81.90 RM 2.988 2.416 HK$ 7.760 6.275 BAHT 29.72 24.03 RUPIAH 9,738 7,874 RENMINBI 6.141 4.965 INDIAN RUPEE 54.57 44.13 A$ 0.995 0.804 NZ$ 1.197 0.968
        48 words
    • 777 4  -  Enhanced loan schemes helped firms when banks turned more risk-averse during global crisis By Malminderjit Singh msingh@sph.com.sg Singapore SPRING Singapore disbursed $1.3 billion in government loans to 4,000 small and medium-sized enterprises (SMEs) here last year, and $1.4 billion the year before. These
      777 words
    • 591 4  -  By Anna Teo anna@sph.com.sg Singapore A NEW global body that promotes best practices in competitiveness policies and strategies wants Singapore on board. Launched in 2010, the Global Federation of Competitiveness Councils (GFCC) is a network of more than 30 organisations and councils
      591 words
    • 323 6 Indra Nooyi Chairman and CEO of PepsiCo “My kids, I worry about my kids.” (On what keeps her up at night MARKET CAP US$128.74 billion APPOINTED August 2006 CHILDREN 2 Chua Sock Koong Group CEO of SingTel “You’re talki ng about 40 years of working life.
      323 words
    • 382 7  -  The tender for construction of the huge floating oil storage facility likely to be called later this year By Ronnie Lim ronnie@sph.com.sg Singapore GROUND preparations are about to get underway for Singapore’s first floating oil storage facility on Pulau Sebarok. A tender for
      382 words
    • 343 7  -  By Nisha Ramchandani nishar@sph.com.sg Singapore THE government is studying measures to tackle and curb access to online gambling, said S Iswaran, Minister in the Prime Minister’s Office and Second Minister for Home Affairs yesterday. It is working with industry experts to review
      343 words
    • 400 7  -  By Malminderjit Singh msingh@sph.com.sg Singapore MALAYSIANS will be able to overcome their post general election issues and “muddle through beautifully”, says a veteran diplomat who served as Singapore’s High Commissioner in Malaysia for five years. K Kesavapany, who was Singapore’s envoy in Kuala
      400 words
    • 561 8 Outdated magnetic-strip card technology may be partly to blame for global ATM heist AP New York A WORLDWIDE gang of criminals stole US$45 million in hours by hacking into a database of prepaid debit cards and draining cash machines around the globe, prosecutors
      AP; PHOTO: AP  -  561 words
    • 512 8  -  By Benjamin Aw benaw@sph.com.sg Singapore A PROTRACTED eurozone crisis could eventually lead to a situation of market stresses globally, warned American economist Nouriel Roubini, who believes that this is the most serious issue facing the international economy today. “In terms of
      512 words
  • Page 2 Advertisements
    • 78 2 CONTENTS NEWS Top Stories 2-8 Week In Review 9 Raffles Conversation 10-11 Companies 12-16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 Househunt 34 LIVING Cover Story L2-4 Dining L5-8 Style L9-11 Home Garden L12-13 Travel L14-15 Sports L16 Golf L17 Motoring
      78 words



  • Page 5 Advertisements
    • 213 5 watches o Of Switzerland 36' Momentous Years Watches of Switzerland celebrates 36 years of handcrafted legacy. With deepest gratitude for your valued support, we present the perfect moment to own that luxurious time piece. CITIBANK Q% INTEREST EQUAL PAYMENT PLAN Choose to purchase your exquisite timepieces over 36 months, at
      213 words


  • Page 7 Advertisements
    • 88 7 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 for wine collectors. For
      88 words

  • Page 8 Advertisements
    • 249 8 THE BUSINESS TIMES SATURDAY SPECIAL Have a meal on us! Every 3rd person dines with our compliments! Venue: Suki-Ya 112 East Coast Road 112 Katong #03-05, Singapore *****2 Tel: 6636 3789 Website: http://www.suki-ya.com.sg/ Terms Conditions Promotion valid from 12 25 May for dine-in customers only Not valid on public holidays,
      249 words

  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK May 6-10, 2013
      • 89 9 MALAYSIA’S 13th general election turned out to be every bit as hotly contested as the surveys indicated. The ruling Barisan Nasional (BN), or National Front, won a simple majority of 133 seats, allowing it to extend its 56-year rule. It recaptured the states of
        89 words
      • 49 9 WITH the election overhang removed and the incumbent BN government retaining power, Malaysia’s stock market powered to a high of 1,826 points or 7.8 per cent at the opening of trade on Monday but eased later to close 3.4 per cent up.
        49 words
      • 55 9 THE Malaysian ringgit, which took pause on Tuesday after a post-elec-tion 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 to
        55 words
      • 63 9 THE man who oversaw the development of the Iskandar region in Johor, long-time Johor Menteri Besar Abdul Ghani Othman, is on his way out following his defeat in Sunday’s general election, but observers say the Malaysian special economic zone in which Singapore
        63 words
      • 74 9 WHILE the dust has settled after Hong Kong International Terminals and striking port workers shook hands on a pay rise on Monday, some of the lustre at Singapore-list-ed Hutchison Port Holdings (HPH) Trust, which owns the port, has dimmed. Analysts expect
        74 words
      • 38 9 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 on Tuesday.
        38 words
      • 64 9 SINGAPORE Exchange (SGX) is mulling over new regulation that could let issuers turn wholesale bonds into more retailfriendly products after “seasoning” the debt on the secondary market, sources said. The move is seen as an attempt at breathing life into the secondary bond market, particularly
        64 words
      • 42 9 Malaysia’s Prime Minister Najib Razak at a press conference in Kuala Lumpur. He began a second term on May 6 after the coalition he leads won a simple majority in the country’s 13th general elections. PHOTO: AFP PHOTO: AFP
        PHOTO: AFP  -  42 words
      • 71 9 THE selection of Brazil’s Roberto Azevedo as the next head of the World Trade Organization may help ease emerging markets’ resistance to removing barriers as part of global trade talks. Mr Azevedo defeated former Mexican Trade Minister Herminio Blanco in the final
        71 words
      • 57 9 ALEX Ferguson will retire as Manchester United’s most successful manager after 26 years. The 71-year-old Scot, who guided United to 38 trophies will step down at the end of the season and join the board, United said. Everton manager David Moyes was
        57 words
      • 42 9 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 saying that they have been artificially inflated.
        42 words
      • 34 9 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.
        34 words
      • 42 9 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 on Thursday.
        42 words
    • 87 9 US DATA May 13 April retail sales May 15 April producer price index April industrial production May 16 April consumer price index April housing starts May Philadelphia Fed survey SINGAPORE DATA May 15 March retail sales and F&B services indices 2012 international investment position May
      87 words
  • Page 9 Miscellaneous
    • 324 9 Across 1 How a top actor went over as Romeo? (4-7) 9 Deviation from normal unusually rare? Can be (9) 10 Calculator that slides? (5) 11 Stolen gun and car (3,3) 12 Dish for a Scotsman? Girl returns with one (8) 13 Society girl rejecting a title? Rubbish! (6) 15
      324 words
    • 7 9 SATURDAY with Ludwig ‘We’re not done yet
      7 words

  • THE RAFFLES CONVERSATION
    • 2988 10 / 11  -  ‘Now that silicones have been around for 70 years, a lot of them are more common, more standard, and so it’s companies like Dow Corning that have traditionally been and continue to be focused on being the leader in this silicone science.’ Dow Corning Corporation continues to find
      PHOTO: YEN MENG JIIN  -  2,988 words

  • COMPANIES
    • 557 12  -  $4.73 billion capital reduction will return 84 per cent of APB proceeds to shareholders By Kenneth Lim kenlim@sph.com.sg Singapore FRASER and Neave (F&N) plans to pay out $3.28 per share through a capital reduction as the property and drinks
      PHOTO: BLOOMBERG  -  557 words
    • 310 12  -  Demand for services to stay strong with more older vehicles By Samuel Ee samuelee@sph.com.sg Singapore WITH more vehicle inspections and tests conducted, Vicom’s net profit for the first quarter ended March 31 rose 6.5 per cent to $7.46 million, as revenue climbed 7.2
      310 words
    • 204 12  -  By Grace Ng ngrace@sph.com.sg Singapore HOTEL Royal Ltd’s first-quarter net profit fell 4.7 per cent to $2.29 million from $2.4 million a year earlier. The period saw higher income tax expense due mainly to higher tax provision arising from higher rental
      204 words
    • 247 12  -  By Mindy Tan tanmindy@sph.com.sg Singapore UNITS of Croesus Retail Trust (CRT) jumped as much as 26.9 per cent above its offering price of 93 cents yesterday, after hitting an all-day high of $1.18. The counter, which debuted at $1.12, 20.4 per cent
      247 words
    • 549 13  -  It buys 517,000 shares in open market a day after raising offer price By Cai Haoxiang haoxiang@sph.com.sg Singapore UNITED Engineers (UE) boosted its stake in conglomerate WBL Corporation to 40 per cent yesterday, a day after it upped its takeover offer by 35
      549 words
    • 448 13  -  Shares up again as analysts and investors hail deal By Andrea Soh sandrea@sph.com.sg Singapore ANALYSTS and investors have given a thumbs-up to Olam International’s new joint venture with Japanese instant noodle maker Sanyo Foods. The counter rose four cents, or 2.3 per cent,
      448 words
    • 401 13  -  By Carine Lee carinel@sph.com.sg Singapore REDUCED corporate activities, higher staff costs and operating expenses saw Boardroom Limited post an 18.5 per cent year-on-year decrease in net profit to $1.11 million from $1.36 million for the fiscal third quarter ended March 31, 2013. The
      401 words
    • 321 14  -  It reports earnings of $1 7.6m, against $6m from the same period a year ago; sales grow 21.4% to $21.8m By Ong Chor Hao ongch@sph.com.sg Singapore A SURGE in fair value gain in investment properties helped developer and construction
      321 words
    • 221 14  -  Revenue up 3% to $1 67m, driven by basic building resources unit By Mindy Tan tanmindy@sph.com.sg Singapore PAN United Corporation’s net profit for the first quarter ended March 31, 2013, rose 8 per cent to $10.3 million from $9.5 million a year
      221 words
    • 370 14  -  Revenue down 1 1 to US$147.8m; no dividends declared By Lim Jia Ying sofialim@sph.com.sg Singapore AMTEK Engineering’s net profit plunged 47 per cent year on year to US$4.1 million for its third quarter ended March 31, 2013. Revenue for the three months
      FILE PHOTO  -  370 words
    • 469 15  -  STOCKS Joyce Hooi joyceh@sph.com.sg Correspondent THE Straits Times Index (STI) finished the week on a strong note yesterday, notching up yet another five-year high its third this week. While the outcome of the general election in Malaysia dominated investor attention at the start
      469 words
    • 268 15  -  Four software licensing contracts during the quarter help boost revenue by 8% to RM1 08.7m By Ma Xiangyu xiangyu@sph.com.sg Singapore SILVERLAKE Axis posted an 8 per cent year-on-year rise in net profit to RM47.4 million (S$19.7 million) for the third quarter ended
      268 words
    • 231 15 VOL CLOSE Cedar 1 98 V749 1 0 .0 0 .0 Croesus RTr 1 38 0.0 290 114 .5 0 .0 0 .0 NexGenSCom 1 18 NexGenSCom 775 1 .3 0 0.0 .0 Go l den Agr i 91 91,609 609 54 0 .5 0 .9 Innopac
      231 words
    • 110 15 STOCK NAME CLOSE CHANGE CapMallsAsia 2.020 +0.010 CapitaLand 3.820 +0.040 CapitaMall 2.340 -0.020 CityDev 11.50 +0.070 ComfortDelGro 1.980 DBS Grp 17.90 +0.200 GLP 2.880 -0.010 Genting SP 1.515 +0.020 Golden Agri 0.540 -0.005 HK Land 7.370 -0.100 HPH Trust US$ 0.835 JMH 68.30 -0.050 JSH 40.47 +0.320 Jardine
      110 words
    • 62 15 BY CENTS CLOSE UP IS S&P500 ***** 142.2 0.7 DBXT Nifty 10US$ ***** 71.7 0.5 DBS.ES.1305 1789 49.0 2.8 JSH 4047 39.6 0.8 DBS Grp 1790 20.0 1.1 DBS MB eCW*****9 25 17.9 252.1 DBXT MSJAP 10US$ 4549 17.3 0.3 IS MSCI Spore 1466 17.3 1.0 Lyxor China
      62 words
    • 60 15 BY CENTS CLOSEDOWN GLD 10US$ ***** -264.5 -1.5 DBXT AUDCS 5SG$ ***** -260.0 -1.0 DBXT MSKorea 10US$ 5677 -250.9 -3.5 Jardine C&C 4610 -156.0 -3.3 DBXT MSTHAI 10US$ 2360 -72.9 -2.4 Lyxor Korea 10US$ 504 -19.8 -3.1 DBXT MSMSIA 10US$ 1555 -16.1 -0.8 UOB 2186 -14.0 -0.6 DBXT
      60 words
    • 560 16  -  This is part of a wave of consolidation across smaller gold miners in Australia as gold price falls By Angela Tan angelat@sph.com.sg Singapore THE erosion in the global gold price has ignited a wave of consolidation across smaller gold miners in
      FILE PHOTO  -  560 words
    • 352 16  -  Chuan Hup hit by sharp fall in net ‘other gains’ By Maria Mala Yogalingam ymaria@sph.com.sg Singapore TWO mainboard-listed service providers for the marine industry –Chuan Hup Holdings and Swissco Holdings have posted a decline in quarterly revenue and profits. Chuan Hup posted a
      352 words
    • 288 16  -  By Cai Haoxiang haoxiang@sph.com.sg Singapore STRACO Corporation, a developer and operator of China tourism attractions, reported a net profit of $5.46 million for its first quarter ended March 31, 2013, three times the $1.82 million the same period a
      288 words

  • Page 13 Advertisements
    • 433 13 -Jt KATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF REFINED SOFTWARE SOLUTIONS PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****3378K) NOTICE IS HEREBY GIVEN that it was resolved at an Extraordinary General Meeting of member of the abovenamed company held
      433 words


  • Page 15 Advertisements
    • 39 15 L LXi -J L n q Xj ~> ri v_' U FIND THE ONES 1 u -J THAT FIT Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. u WATS L RECRUIT n
      39 words


  • SINGAPORE
    • 663 17  -  Non-landed home resales plunge 53.9% year-on-year in April; last month also sees 0.4% drop in prices from March By Mindy Tan tanmindy@sph.com.sg RESALE volumes of private homes have continued their downward trajectory, even as prices island-wide continued to soften. A total of
      Source: SRX  -  663 words
    • 372 17  -  By Maria Mala Yogalingam ymaria@sph.com.sg NEARLY nine in 10 doctors here actively use electronic medical records (EMR), and believe that the quality of patient care has gone up as a result. An annual survey by Accenture polled 200 Singapore doctors, 87 per cent of whom said
      372 words
    • 326 17  -  By Ng Sai Ying nsaiying@sph.com.sg SOMEWHERE in the Fusionopolis research and development (R&D) park is a new laboratory dedicated to looking for solutions to the challenges faced by the marine, energy and offshore sectors. There, more than 10 researchers use computational
      326 words
    • 406 18  -  OKH Global’s bid translates to $111 psf ppr and is within expectations of property consultants By Felda Chay feldac@sph.com.sg A RARE 30-year industrial site at Loyang Way that allows for stra-ta-subdivision has attracted a top bid of $61.6 million in a public
      406 words
    • 256 18  -  By Nisha Ramchandani nishar@sph.com.sg TIGER Airways saw a 37.1 per cent surge in passengers booked to 639,000 for the month of April, partly due to an improved performance in its operations down under. “(Tiger Australia) was operating at a significantly reduced capacity
      256 words
    • Briefing
      • 92 18 PSA International Pte Ltd (PSA) has won the “Best Global Container Terminal Operating Company” award for the eighth year, while PSA Singapore Terminals was voted “Best Container Terminal Asia (over four million TEUs per year)” for the 24th time at the 27th Asian
        92 words
      • 60 18 THE police have issued conditional warnings against nine persons for participating in an illegal gathering at Merlion Park on May 8. The work and visit passes of the nine in Singapore are being reviewed by the authorities. The police said their respective
        60 words
    • 522 18  -  But clear business plan is crucial, say speakers at panel discussion By Lim Jia Ying limjy@sph.com.sg HOMEGROWN jewellery designer Carolyn Kan believes there is no better time to be an Asian designer than now. There are opportunities for talented individuals, as
      522 words


  • WORLD
    • 590 19 South Korea’s rate cut on Thursday was the 511th reduction worldwide since June 2007 Bloomberg London GLOBAL central bankers are poised to ease monetary policy even further after a wave of inter-est-rate cuts from India to Poland. As Group of Seven (G-7) finance
      Bloomberg  -  590 words
    • 343 19 Bloomberg Beijing CHINA’S two biggest banks said they’re complying with efforts to isolate North Korean financial institutions that support the country’s ballistic missile and nuclear weapons programmes. North Korea’s Foreign Trade Bank doesn’t have an account with Industrial Commercial Bank of China (ICBC), a press
      Bloomberg; PHOTO: BLOOMBERG  -  343 words
    • Briefing
      • 77 19 Reuters New Delhi India’s railway minister Pawan Kumar Bansal resigned yesterday, two Indian television channels reported, dealing a fresh blow to the scandal-weakened government as it limps toward elections. The resignation came just days after police arrested Mr Bansal’s nephew for accepting a bribe. Opposition demands
        Reuters  -  77 words
      • 86 19 Bloomberg London Half of London’s new-home buyers come from abroad as the city’s reputation as a safe haven attracts rising investment and sustains development. Foreigners spent more than £3 billion (S$5.7 billion) on new homes in the UK capital last year, a 25
        Bloomberg  -  86 words
      • 76 19 AP Hong Kong HONG Kong’s economy stagnated in the first quarter as the highly trade-dependent city was held back by an unsteady global economy. Data released yesterday showed that the southern Chinese city’s economy grew 0.2 per cent in the first three months
        AP  -  76 words
      • 60 19 Bloomberg Dhaka Rescuers combing through the debris of the garment factory building that collapsed in Bangladesh pulled out a woman who survived for 17 days under the rubble yesterday, even as the death toll from the disaster reached 1,045. The woman, identified as Reshma,
        Bloomberg  -  60 words
      • 58 19 AP Washington The Federal Reserve has broadened its oversight beyond banks and now monitors a wide-range of financial institutions that could hasten another financial crisis, chairman Ben Bernanke said yesterday. Among them is the so-called shadow banking system, which includes loans that are
        AP  -  58 words
    • 586 20 It alleges that the bank ran a debt collection mill from 2008 to 2011 WP Washington AS the US economy struggled from 2008 to 2010, JPMorgan Chase filed hundreds of lawsuits a day against Americans for credit-card default using erroneous or flimsy evidence, according to a lawsuit
      WP  -  586 words
    • 442 21 Restructuring costs, slumping sales lead to near-record 754b yen loss AP Tokyo JAPANESE consumer electronics giant Panasonic Corp yesterday reported a near-record net loss of 754 billion yen (S$9.34 billion) for the fiscal year through March due to restructuring costs and slumping sales,
      AP; PHOTO: BLOOMBERG  -  442 words
    • 676 21 Jewellers rush to beat central bank curbs on overseas bullion buys WP New Delhi GOLD imports by India, the world’s largest consumer, are set to exceed 100 tonnes for a second month in May as jewellers rush to beat central
      WP  -  676 words
    • 232 21 Reuters Seoul SOUTH Korea yesterday said that it would allocate nearly three-quarters of the US$5 billion worth of additional fiscal spending plans in the next seven weeks to lift a still slow recovery in Asia’s fourth-largest economy. The government of
      Reuters  -  232 words
    • 545 22 President visits Texas to highlight school and industry programmes as ways to firm up growth AFP Manor, Texas US President Barack Obama has launched yet another effort to pressure Congress to act on his plans to invest in education and innovation to create
      AFP  -  545 words
    • 372 22 Reuters Rome ITALY’S Economy Minister said he did not believe that additional tax hikes and spending cuts would be necessary in 2013, outlining the new government’s plans for addressing a prolonged recession in the eurozone’s third-largest economy. Asked whether Italy would need
      Reuters  -  372 words

  • Page 20 Advertisements
    • 93 20 as m i Era 0 z, da 1 EXPLORE 1 3 :f W An Evening With Feng Zhengjie Unveiling ZbBz’s inaugural art event S w fr U lEi si 7k f\\\ I a AV ym 7 S*4*PA MAY ISSUE OUT NOW AT LEADING BOOKSTORES r Kt»L T iil:H Antiques Of
      93 words


  • Page 22 Advertisements
    • 48 22 Chevron is looking for a HR Business Partner MINDEF Singapore has vacancies for Defence Executive Officers MSD is recruiting a Senior Manager, Quality NTUC FairPrice Group has positions open for Team Leaders STATS ChipPAC is hiring Manufacturing Supervisors Check out more than 500 positions available in CATS Recruit
      48 words
    • 51 22 The Finder Singapore Download today! IT’S FREE www.TheFinder.com.sg W. DIRTY DANCING ...get up close to the stars m for a healthy happier you er EATING OUT? SEE PAGE 36 Short trips, cut u more spa Print Digital FREE DOWNLOAD Available on the awioioappoj. App store Google play MAY ISSUE OUT
      51 words

  • 8210 23 Transaction date: May 10 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.4 8Telecom 13 13 10.6 0.8 10.7 62.3 5 3 A-Sonic 3.5 -0.2 73 3.5 3.4 3.5 4 3.7 25.1 AAT
    8,210 words



  • 1863 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21.5 15 t 800 Super 19.3 19.3 21 3.3 5.2 5.8 34.5 6.2 2.8 t AA Grp 4.1 3.5 5.7 205 3.9 40 17.2 t
    1,863 words
  • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 2 5 0 0 0 8 2 5 Manufacturing 58 53 44 14 7 10 72 60 54 Commerce 22 18 21 3 4 5 25 22 26 Tpt/Stor/Comms 21 10 11
    186 words
  • 786 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 6 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Annik Ltd 9-May-13 Low Kheng *Buy 123 0.10 ***** 27.05 ***** 27.10 Annik Ltd 9-May-13 Ow Chin
    786 words
  • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,736 27,736 99,229 99,229 Manufacturing 277,059 329,162 606,221 179,725 15,374 195,098 Commerce 279,122 32,845 311,967 122,447 4,099 126,546 Tpt/Stor/Comms 123,943 14,335 138,278 177,287 5,543 182,830 Finance 104,166 1,635 105,801 169,961 827 170,789 Construction 83,257 6,577
    123 words

  • MARKETS
    • 94 27 May 9 COCOA (£/tonne) Close Prev High Low May 13 1554 1556 1574 1546 Jul 13 1542 1558 1557 1539 Sep 13 1549 1565 1564 1546 Dec 13 1554 1569 1569 1552 COFFEE(US$/tonne) Close Prev High Low May 13 1992 1955 1997 1958 Jul 13 2043 2006 2048 1999
      94 words
    • 66 27 May 10 GOLD(US$/oz) May 09 May 10 Hong Kong 1478.30 1462.40 May 08 May 09 London 1467.16 1464.96 1467.93 1465.76 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 29.69 28.80 Source: UOB PLATINUM Lon (US$/oz) May 09 Close Previous PM Fix 1506.00 1494.00 AM Fix 1502.00 1489.00 Source:
      66 words
    • 60 27 May 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2289.0 2290.0 2290.0 2280.0 31 1183 Jun 13 2298.0 2305.0 2324.0 2295.0 1384 6729 Jul 13 2297.0 2319.0 2334.0 2296.0 ***** ***** Aug 13 2294.0 2316.0
      60 words
    • 90 27 May 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 12-Aug-13 0.24 6-Month BS*****N 01-Nov-13 0.25 1-Year BY*****H 02-May-14 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.07 5-Year N*****0T 2.375 01-Apr-17 100.02
      90 words
    • 155 27 May 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2425 1.2439 1.0051 1.0054 Canadian dollar 1.2246 1.2260 0.9910 0.9906 Euro 1.6111 1.6127 1.3033 1.3035 NZ dollar 1.0324 1.0337 0.8351 0.8355 Sterling pound 1.9088 1.9105 1.5441 1.5442
      155 words
    • 118 27 May 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.272 1.212 Can dollar 1.248 1.200 Euro 1.645 1.567 Sterling pound 1.942 1.868 NZ dollar 1.059 1.019 US dollar 1.258 1.199 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • 105 27 May 9 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 13 1491.25 1479.00 1500.25 1475.25 Jul 13 1408.75 1390.75 1410.00 1387.00 Aug 13 1340.00 1329.50 1340.75 1325.00 Sep 13 1264.25 1257.00 1265.25 1252.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low May 13 49.07 48.66 49.29
      105 words
    • Article, Illustration
      2 27
      2 words
    • 68 27 May 09 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 103.89 0.07 WTI (Near Mth) 95.92 -0.60 Dubai (1-Mth F) 100.70 -0.24 Tapis blend 108.99 -0.72 Minas 101.79 -0.72 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.28 0.06 Jet Kerosene 116.25 0.41 US$/barrel OpecOil Basket Price 102.75
      68 words
    • 71 27 May 09 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1862.00 1876.25 3 months 1890.00 1908.00 Copper, Grade A (US$/tonne) Cash 7331.00 7394.25 3 months 7354.00 7419.00 Lead (US$/tonne) Cash 1995.75 2045.00 3 months 2015.50 2064.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr May 9 Index Change Change Change Change Change Change World Preliminary 1070.3 -0.2 14.1 -0.3 12.6 -0.4 11.9 EAFE Preliminary 892.8 -0.3 15.3 -0.6 10.9 -0.7 10.2 Europe Preliminary 1263.2 -0.1 10.1
      373 words

  • PERSPECTIVE
    • 1054 28 / 29  -  Race-based politics, allegations of corruption and the marginalisation of opposition constituencies have left Malaysian voters disaffected. By Antonio L Rappa By Antonio L Rappa ~The writer is associate professor and head of management and security studies at SIM University’s School of Business. He wrote his
      PHOTO: AP  -  1,054 words
    • 987 28 / 29  -  By Bill Rylance ~The writer is chief executive officer of Watatawa, a Singapore-based strategy and communications consulting firm IS MCKINSEY Co the Chauncey Gardener of consulting? In the film Being There, the main character (played by Peter Sellers in his final and finest role) is
      PHOTO: AFP  -  987 words

  • Wealth
    • WEALTH INVESTING
      • 1304 30 / 31  -  IP Global’s Tim Murphy says although the market has gone up a lot, there is also more affordability which bodes well for the next 10 years. By Genevieve Cua By Genevieve Cua gen@sph.com.sg REAL estate will continue to be rewarding over a 10-year horizon, even
        Photos: AFP, Reuters, Bloomberg;; Source: IP Global  -  1,304 words
      • BROKERS’ TAKE
        • 769 30 / 31  -  Compiled by Kenneth Lim Sell Maybank Kim Eng Research May 10 Close: S$4.62 DOWNGRADE to “sell”. Admittedly, this is a risky call amid the current liquidity and yield compression conditions, but we had held on to our “buy” call with the highest TP on the Street even when the
          769 words
      • 874 32  -  Investing on a country or regional basis may help investors, says the writer but argues against BRIC as a bloc wealth insights Russ Koesterich ~The writer is chief investment strategist at BlackRock ONE of the most interesting and consequential developments in financial markets over
        PHOTOS: AFP, BLOOMBERG  -  874 words
      • 1608 33  -  But data collection needs to be inclusive and in the world of Internet options are aplenty SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder IN a paper entitled Real Estate Prices in Beijing, 1644 to 1840, Prof
        PHOTO: REUTERS  -  1,608 words
    • WEALTH REAL ESTATE
      • 1132 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 10 AND APRIL 16, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 10/04/2013 99 2067 6847 3313 The Clift Apt 15/04/2013 99
        1,132 words
      • 1202 35  -  Run-up in prices in the past few years has led to net rental yields diving to below 3% By Kalpana Rashiwala kalpana@sph.com.sg Singapore SHOPHOUSE transactions spiked in the first quarter of this year, riding on a diversion of interest from investors
        PHOTO: ARTHUR LEE  -  1,202 words





  • Page 36 Advertisements
    • 41 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CONGRATULATIONS LEBRON JAMES. AWARDED MOST VALUABLE PLAYER FOR THE 2012-13 SEASON. FOURTH MVP TITLE IN FIVE YEARS. SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 audemarspiguet.com
      41 words

  • Page 1 Advertisements
    • 69 1 Living MOTHER’S WAY Mothers are carving out new retail niches for other mums L2-4 BT THE BUSINESS TIMES WEEKEND MAY 11 12 2013 PHOTO: MAMA SHOPPE HOME GARDEN Let there be light L12-13 GOLF Shoe-in for teeing off in style L16 DINING Vegetables the new haute cuisine? L6-8 MOTORING Hot
      69 words

  • BT Living
    • LIVING
      • Article, Illustration
        557 2 / 3  -  A growing number of yuppie mumpreneurs have their own designs on motherhood. BT Weekend finds out why their customers just can’t seem to get enough By Tay Suan Chiang taysc@sph.com.sg LIKE any doting mum, Shereen Ng, an education curriculum designer, likes to have attractive and good quality products
        PHOTOS: SHEREEN NG, JOY LUCK CLUB  -  557 words
      • 478 2 / 3  -  By Sara Yap sarayap@sph.com.sg WHEN Ng Ling Siew thought of starting an online store selling products for mothers and babies, she wanted it to be a business with a difference one that helps other mothers, as well as women in need. That was how Mama
        PHOTOS: MAMA SHOPPE  -  478 words
      • 617 2 / 3  -  By Tay Suan Chiang HOW do you keep a child occupied? Some parents resort to using the iPad and other smart devices, but not Adora Tan-Richer. “I prefer to keep my girls occupied with books and crafts,” says Ms Tan-Richer, who is mum to
        PHOTOS: ADORA TAN-RICHER  -  617 words
      • 630 2 / 3  -  By Rachel Loi btnews@sph.com.sg GOOGLE the word “multitasking”, and what comes up are links to articles advising against it. But Lynn Yeow De-Vito does not care. Not only does she have four boys to care for at home, including an eight-month-old baby and her restaurant-owner husband, Ms
        PHOTO: YEN MENG JIIN  -  630 words
      • 621 4  -  By Rachel Loi ASK a kid what his favourite game is and chances are he would say Angry Birds, Fruit Ninja, or some other game he discovered on his mother’s iPad. But pose that same question to Pamela Tan’s six-year-old son, Isaac, and his answer
        PHOTOS: YEN MENG JIIN  -  621 words
      • 482 4 EVERYONE knows that a protective mother is a force to be reckoned with. So when sensitive skin posed a problem to Ms Laurel Tan’s baby boy Kyle, her motherly instincts led to what she calls an “obsession” with hunting down baby-safe products to keep his
        PHOTOS: LAUREL TAN  -  482 words
    • DINING
      • Article, Illustration
        1172 5  -  He sprung forth a new gastrobotanics philosophy with his love of all things green and edible, and now Spanish 1-Michelin star chef Rodrigo de la Calle wants to launch an offshoot here. By Debbie Yong guest chef By Debbie Yong debyong@sph.com.sg RODRIGO de la Calle is upset. He
        PHOTO: RESORTS WORLD SENTOSA  -  1,172 words
      • Article, Illustration
        1898 6 / 7  -  Meat maketh the man or doth it? Debbie Yong looks into the growing haute cuisine trend of letting vegetables take centre stage Debbie Yong debyong@sph.com.sg BUCKLE up. The global circuit of haute cuisine is experiencing a gradual but seismic shift, and tremors of the movement are just starting to
        1,898 words
      • Article, Illustration
        726 6 / 7  -  Places to dine at daily that have found flavour with more green-conscious diners. By Debbie Yong debyong@sph.com.sg Jaan Level 70, Equinox Complex, Swissotel The Stamford Z6837 3322 Celebrated chef Julien Royer recently tipped as the region’s chef to watch on the Asia’s 50 Best Restaurants list proves that
        726 words
    • STYLE
      • 631 9  -  Coco Chanel first sported the camellia motif in 1923, a key element of her personal style. Today, her high jewellery range exalts the flower to cult status. By Corinne Kerk btnews@sph.com.sg IT is a familiar Chanel motif a flower that appears on everything from clothes and
        PHOTOS: CHANEL  -  631 words
      • 869 10 / 11  -  For one night, the former army barracks of Loewen Cluster was transformed into a glitzy venue for the world premiere of Chanel's Cruise collection. By May Yip By May Yip THE choice of location wasn’t the most novel (Belgian designer Dries Van Noten had held his Spring/Summer 2008 womenswear
        PHOTOS: JOHN HENG  -  869 words
      • Article, Illustration
        907 10 / 11  -  Move over, 2.55. The head of Chanel’s fashion business, Bruno Pavlovsky, declares that the future of fashion lies in, well, clothes. By May Yip By May Yip btnews@sph.com.sg LUXURY is a lucrative business, and there is nothing more lucrative than the dispensing of “entry-level” wares such as
        PHOTO: JOHN HENG  -  907 words
    • HOME & GARDEN
      • 1123 12 / 13 Breaking up the grid of a 35-year-old mass-produced l l terrace house was a turning point for owners Josephine and A l an Tan. By tearing down wa l ls and putting up g l ass divides, the once sombre house i s now a sunbathed,
        PHOTOS: YEN MENG JIIN  -  1,123 words
    • TRAVEL
      • 1485 14 / 15  -  The Liechtenstein princely family’s two appointmentonly museums in Vienna have a storied heritage that adds to the fairy-tale quality of their art collections, as Cheah Ui-Hoon discovers Cheah Ui-Hoon uihoon@sph.com.sg CINDERELLA’S carriage is real. So you might think at the sight of the magnificent Golden Carriage taking
        PHOTO: REUTERS; ALL PHOTOS OF LIECHTENSTEIN PALACE BY CHEAH UI-HOON  -  1,485 words
    • SPORTS
      • 1088 16  -  By John Leicester ~The writer is an international sports columnist for The Associated Press AP Paris IN getting machines to help men spot when goals are scored, football is making a mistake. This pact with the devil of goal-line technology will come
        AP; PHOTO: AP  -  1,088 words
    • GOLF
      • 1238 17  -  Producing a lightweight shoe is one of the current trends in the golf shoe market today. By Justine Moss By Justine Moss btnews@sph.com.sg FOR the average golfer, the desire to hit the ball further and with more accuracy would more often than not take precedence
        PHOTO: FOOTJOY  -  1,238 words
    • MOTORING
      • Article, Illustration
        825 18  -  The new Range Rover Sport is sportier even though it now comes with seven seats. By Samuel Ee samuelee@sph.com.sg A GAY don in Italy may be a mafioso’s nightmare, but Gaydon in England has to be every car nut’s dream. Here at Land Rover’s headquarters in the British
        825 words
      • Article, Illustration
        717 19  -  The Jaguar F-Type is a breakthrough roadster for the British carmaker. By Samuel Ee samuelee@sph.com.sg IT is lower, wider and shorter than any other Jaguar in history and ultra lightweight to boot. Its distinctive styling reveals exquisite little details but not everyone will agree that the all-new Jaguar
        717 words
      • 604 20  -  Until more hard-wearing tyres are available, some careful driving may be necessary to conquer the Spanish Grand Prix. By Samuel Ee f1 watch By Samuel Ee samuelee@sph.com. sg FORMULA One returns to its home ground this weekend and Ferrari’s Fernando Alonso to his home race. The Gran Premio
        PHOTO: AFP  -  604 words




  • Page 8 Advertisements
    • 985 8 wine&dine with BTWeekend Peach Blossoms Marina Mandarin Singapore 6 Raffles Boulevard, Level 5 Exquisitely The Best For Mum Till May 31,2013 Treat Mum to a luxurious and wholesome meal at Peach Blossoms as we introduce our Bird’s Nest promotion in the month of May. Now, you can savour this prized
      985 words



  • Page 12 / 13 Advertisements
    • 258 12 / 13 Tf /f HEART, STROKE CANCER CENTRE ~A medical centre of Singapore Heart. Stroke and Cancer Centre' \Preserving Health and Longevity i Expertise in the Prevention, early Detection and Management of Heart disease. Stroke and Cancer Multi-disciplinary team at highly experienced specialists in various fields led by internationally renowned Cardiologist Medical
      258 words



  • Page 17 Advertisements
    • 32 17 HOME NEE S Can't find your keys? Get a locksmith! To find out more, turn to CLASS 105 in CATS Classified in The Straits Times now > BUY IT• SELL IT* FIND IT
      32 words