The Business Times, 15 May 2013

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

Microfilm: NL32575
Total Pages: 45
1 12 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, May 15, 2013
    25 words
  • Article, Illustration
    Lock icon Taxman to get easier access to guarded data
    895 1  -  Court orders no longer needed to obtain client information from banks and trusts By SIOW LI SEN [SINGAPORE] Income tax authorities will no longer need to get a court order to obtain client information from banks and trusts in Singapore. This will
    FILE PHOTO  -  895 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,432.76 (+3.80) GST INDEX FUTURES 3,433.00 (+5.00) GSIMSCI 388.39 (+1.23) GSIMSCI FUTURES 388.20 (+0.80) US$ S$ US$ (S$ per US$) 1.238 (US$/S$ per 1.530 1.895 EURO (US$/S$/€ 1.300 1.609 Foreign currency per US$ S$ YEN 101.40 81.90 RM 2.987 2.412 HK$ 7.761 6.267 BAHT 29.60 23.90 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,788.43 +0.53 NIKKEI 225 14,758.42 -23.79 HANG SENG 22,930.28 -59.53 SET INDEX 1,623.48 +5.75 JAKARTA COMP 5,081.94 +27.31 MANILA COMP 7,313.46 +51.08 SEOUL COMP 1,968.83 +20.13 SHENZHEN B 839.57 -8.28 MUMBAI IND 19,722.29 +30.62 11.30am EDT Change DOW 15,167.25 +75.57 NASDAQ 3,464.96 +26.17
      48 words
    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA 6.55 INDONESIA 5.00 INDONESIA 13.233 KOREA 5.036 JAPAN US KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
      21 words
  • Article, Illustration
    Lock icon Consumer boom drives Indonesia’s IPO rush
    730 1  -  Retailers rushing to tap equity markets and eager foreign investors By in JEFFREY HUTTON in Jakarta INDONESIA’S consumer-led economic boom has triggered a flurry of initial public offerings as companies seize on investors eager for a slice of the action to help raise funds.
    PHOTO: BLOOMBERG  -  730 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      63 1 EXEC MONEY Unwise to cut and run PAGE 34 HOCK LOCK SIEW Has Myanmar play Yoma outrun its fundamentals? PAGE 4 STRAIT TALK Tighter rules for dumping waste PAGE 24 COMMENTARY Why 100 yen is bad news for Japan PAGE 22 Don’t miss the 12-page Who's Who in Law supplement
      63 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon More COE quotas with higher deregistrations?
      594 2  -  Deregistration of Cat A and B vehicles in April crosses 1,000 mark each Reports by SAMUEL EE [SINGAPORE] Government measures to curb car demand have not only deflated COE premiums but appear to have sped up deregistrations by encouraging the replacement of older cars.
      FILE PHOTO  -  594 words
    • Article
      Lock icon COE clawback to offset deregistrations in 2nd half
      338 2 [SINGAPORE] More deregistrations should result in a bigger COE quota for the second half of 2013 but one important factor to consider is the COE clawback, which resumes in August. The clawbacks, or the adjustments to the previous oversupply of COEs in
      338 words
    • Article, Illustration
      Lock icon SMRT acts to better service on several fronts
      700 2  -  By MALMINDERJIT SINGH [SINGAPORE] SMRT has started work on several initiatives to improve its service reliability, safety and capacity, including introducing new trains to boost its fleet by almost a third, and systems to cut train breakdowns, improving train frequency during peak
      FILE PHOTO  -  700 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      493 2 Taxman to get easier access to guarded data INCOME tax authorities will no longer need to get a court order to obtain client information from banks and trusts in Singapore. Effective from January 2014, the changes will extend exchange of information agreements to 83 jurisdictions, from 41 currently,
      493 words
    • Article
      Lock icon FBI clears up external hard drive mystery
      803 2  -  What it had checked and what Singapore police had examined are one the same By NISHA RAMCHANDANI [SINGAPORE] The external hard drive accessed by the Singapore Police Force (SPF) three days after American engineer Shane Todd was found dead in his Singapore apartment
      803 words
    • Article, Illustration
      Lock icon Yen may end fall around 105: Sakakibara
      812 3  -  Correction likely later; he also doesn’t see friction with partners over currency’s plunge By in ANTHONY ROWLEY in Tokyo THE yen is likely to end its current fall at around 105 to the US dollar and to retrace some of its decline thereafter,
      PHOTO: BLOOMBERG  -  812 words
    • Article
      Lock icon Bloomberg apologises as Fed, ECB look for breaches
      691 3 Reuters [NEW YORK] Matthew Winkler, editor-in-chief of Bloomberg News, apologised on Monday for allowing journalists “limited” access to sensitive data about how clients used Bloomberg terminals, saying it was “inexcusable”, but that important customer data had always been protected. His statement came
      Reuters  -  691 words
  • Page 2 Advertisements
Page thumbnail Page 3
Page thumbnail Page 4
  • COMPANY NEWS
    • Article
      Lock icon US$200m one-time gain puts NOL in the black
      460 4  -  Q1 net profit of US$76m; core loss narrows to US$85m from US$233m By TEH SHI NING NEPTUNE Orient Lines (NOL) posted a US$76 million net profit for the first quarter of 2013, thanks to a one-time gain of US$200 million from the
      460 words
    • Article
      Lock icon Kencana Q1 profit plunges; First Resources’ jumps 30%
      615 4  -  By LEE MEIXIAN WEAKER crude palm oil (CPO) prices hit Kencana Agri’s bottom line in the first quarter, although its fellow listed palm oil producer First Resources recorded a 30 per cent jump in net earnings in the same period. Yesterday, Kencana
      615 words
    • Article
      Lock icon Noble Group’s Q1 profit dives 62% to US$41 m
      472 4  -  Agriculture in the red with US$66.6m operating loss By ANDREA SOH NOBLE Group’s earnings plunged 62 per cent in the fiscal first quarter, amid what the firm said was a challenging market in its agriculture business. The commodity giant posted a
      472 words
    • Article
      Lock icon Sim Lian posts Q3 profit of $32.9m; upbeat about FY13
      399 4  -  By KALPANA RASHIWALA PROPERTY and construction group Sim Lian has posted a net profit of $32.9 million for the third quarter ended March 31, 2013, a 45 per cent year-on-year improvement. This came on the back of a 37 per
      399 words
    • Article
      Lock icon ThaiBev Q1 profit sinks 20% as duties, Pepsi loss take toll
      377 4  -  Drinks maker will support F&N capital reduction; proceeds to reduce debt By KENNETH LIM THAI Beverage Public Co posted a 20 per cent drop in first-quarter net profit as higher excise duties and the ending of its Pepsi relationship
      377 words
    • Article
      Lock icon Healthcare division boosts Haw Par Q1 profit to $7.7m
      292 4  -  By FELDA CHAY LEISURE, healthcare and property group Haw Par Corporation Ltd’s first quarter net profit rose 5 per cent to $7.7 million from $7.3 million a year ago as its healthcare operations helped to lift the bottom line despite a
      292 words
    • Article
      Lock icon Has Myanmar play Yoma outrun its fundamentals?
      763 4  -  HOCK LOCK SIEW By KENNETH LIM MYANMAR-focused Yoma Strategic Holdings has excited investors as a solid incumbent with growing ambitions in one of the region’s most promising markets. The company has quickly become the poster boy for the Myanmar play ever since the
      763 words
    • Article
      Lock icon SIA Engineering posts 0.6% fall in Q4 profit
      348 5  -  Performance hit by lower revenue and rise in staff costs By JOYCE HOOI SIA Engineering Company’s fourth-quarter profit dipped 0.6 per cent to $65.9 million, as lower revenue and rising staff costs affected the group’s bottom line, it reported yesterday. During the
      348 words
    • Article
      Lock icon Guthrie Q1 net profit down 4.8%
      276 5  -  By CAI HAOXIANG GUTHRIE GTS Ltd reported a 4.8 per cent fall in first-quarter net profit to $38 million for the three months ended March 31, 2013, down from $39.9 million the same period a year ago. The property developer and mall operator recorded
      276 words
    • Article, Illustration
      Lock icon ComfortDelGro’s Q1 profit up 7.9%
      520 5  -  By SAMUEL EE COMFORTDELGRO’S net profit for the first quarter ended March 31, 2013, rose 7.9 per cent to $57.7 million as revenue inched up 1.8 per cent to $870.8 million. The land transport giant said the growth in profit was broad-based, coming from its
      ST FILE PHOTO  -  520 words
    • Article
      Lock icon CWT posts 2% rise in Q1 net profit
      406 5  -  By CAI HAOXIANG COMMODITIES logistics company CWT Limited reported a first-quarter net profit of $27 million for the three months ended March 31, 2013, up 2 per cent from a year ago. Revenue rose 39 per cent to $1.5 billion, up from
      406 words
    • Article, Illustration
      Lock icon Interra Q1 profit falls 9%
      388 7  -  Dip in profit to US$1.36m due to lower oil prices; turnover up 6% to US$8.7m By CARINE LEE LOWER oil prices sent first-quarter net profit of oil and gas explorer Interra Resources falling 9 per cent year-on-year to US$1.36 million. Turnover for the three months
      PHOTO: REUTERS  -  388 words
    • Article
      Lock icon Vard’s Q1 profit tumbles 30%
      427 7  -  Decline due to poor performance in Vietnam, Brazil By GRACE NG NORWEGIAN shipbuilder Vard Holdings Ltd (VARD) posted a 30.1 per cent year-on-year decline in first-quarter net profit, dragged down by its operations in Vietnam and Brazil. The company, previously known as STX OSV, said
      427 words
    • Article
      Lock icon CSE Global Q1 net profit up 0.4%
      200 7  -  By BENJAMIN AW CSE Global posted a firstquarter net profit of $12.65 million, up 0.4 per cent from a year earlier. Revenue for Q1 fell 10.9 per cent to $120.11 million, mainly due to lower revenues in the Americas and the Europe, Middle
      200 words
    • COMPANY BRIEFS
      • Article
        Lock icon Midas posts Q1 net loss of RMB 4.9m
        51 7 MIDAS Holdings has reported a net loss of RMB4.9 million (S$990,000) for the first quarter ended March, compared to a net profit of RMB 15.3 million a year ago as revenue fell 12.1 per cent to RMB202.4 million and gross profit margin
        51 words
      • Article
        Lock icon Thakral in the red on softer China demand
        68 7 THAKRAL Corporation saw a net loss of $0.2 million for Q1 2013, compared to a net profit of $1.47 million a year ago. This came as the group’s gross margin slipped from 9.2 per cent in Q1 2012 to 6.1 per cent
        68 words
      • Article
        Lock icon Tiong Seng profit surges 125%
        67 7 TIONG Seng Holdings announced a 125 per cent jump in net profit to $11.3 million in Q1 2013 from $5 million a year ago. This came on a 42 per cent rise in revenue to $146.5 million. The group saw higher revenue from construction contracts,
        67 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      212 5 s A ■vs I mr >A t -‘>1 f *-V- I* wm < h" .-«?*S3r ■*BSbSa Engineered to be practical. Designed to be radical. Presenting the CIS Shooting Brake. Now with $30,000 Star Selects Demo Savings. Star Selects Demo Promotion $30,000 Star Selects Demo Savings Immediate Delivery The CIS Shooting
      212 words
Page thumbnail Page 6
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Plantations stand out in flat session
      528 6  -  STI loses morning gains, after a strong start, to end trading up 3.8 points STOCKS KENNETH LIM Correspondent Bountiful results drove plantation stocks higher in an otherwise arid market yesterday, as a lack of catalysts left Singapore equities largely flat on the day. The
      Source: Bloomberg  -  528 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 3 0 0 0 7 5 3 Manufacturing 49 57 43 7 13 15 56 70 58 Commerce 17 27 21 7 4 4 24 31 25 Tpt/Stor/Comms 16 15 8
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,102 32,102 73,403 73,403 Manufacturing 377,229 119,651 496,880 271,094 5,840 276,935 Commerce 708,076 93,031 801,107 102,230 8,131 110,361 Tpt/Stor/Comms 99,590 12,962 112,552 159,504 5,153 164,657 Finance 142,423 2,872 145,295 169,133 1,367 170,500 Construction 115,066 35,274
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 6 Stock name Close Change CapMallsAsia 2.040 +0.010 CapitaLand 3.810 +0.020 CapitaMall 2.350 -0.010 CityDev 11.46 -0.140 ComfortDelGro 2.060 +0.050 DBS Grp 17.48 -0.010 GLP 2.820 -0.030 Genting SP 1.505 +0.010 Golden Agri 0.560 +0.030 HK Land 7.240 -0.060 HPH Trust US$ 0.835 -0.005 JMH 66.75 -1.350
      114 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 May 14 VALUE CLOSE BT OB/OS 10.00 +38.00 BT CADI -*****.00 +1.00 BT 10-day MA -*****.00 +1.00 FTSE ST Mid Cap 848.22 +2.10 FTSE ST Small Cap 592.68 +0.49 FTSE ST All Share 845.13 +1.12 FTSE ST China Top 217.08 -0.67 FTSE ST China 246.44 -1.23 FTSE
      73 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Sunmoon 438,822,000 Armarda 296,591,000 Golden Agri 128,918,000 Innopac 123,413,000 Thai Beverage 83,783,000 NexGenSCom 76,381,000 WE Hldgs 73,061,000 GMG Global 57,624,000 Federal Int 49,077,000 AusGroup 39,080,000 VALUE($) Golden Agri 71,038,420 SingTel 61,752,354 DBS Grp 59,264,840 Thai Beverage 55,594,786 CapitaLand 40,944,340 Keppel Corp 38,945,704 UOB 38,059,420 SPH 37,466,980
      56 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Super Group
        359 6 May 14 close: S$4.76 AmFraser Research, May 14 SUPER delivered yet another strong quarter where Patmi (profit after tax and minority interests) grew 25.2 per cent y-o-y. Earnings were largely in line with our expectations, meeting 21.8 per cent of our full-year estimates. Growth in the food ingredients
        Source: Bloomberg  -  359 words
      • Article
        Lock icon Maybank Kim Eng Research
        141 6 May 14 WITH the completion of its Tuas headquarters and Botanical Herbal Extract line this year, there are no other announced plans in the pipeline. While management is looking at possible investments in Myanmar and other new products, we think the quantum is unlikely to make
        141 words
      • Article
        Lock icon Golden Agri-Resources
        420 6  -  Compiled by Kenneth Lim Agri-Resources May 14 close: S$0.56 Phillip Securities Research, May 14 GOLDEN Agri’s Q1 2013 core net profit of US$108 million (-33 per cent y-o-y, +195 per cent q-o-q) was 24 per cent/23 per cent of our/consensus full-year forecast. The stronger q-o-q result was attributed
        420 words
    • Article, Illustration
      Lock icon Swiss franc recovers from last week’s lows
      555 6 CURRENCIES Reuters [ZURICH] The Swiss franc rose against the euro and the US dollar yesterday, moving away from lows hit last week as stock markets took a breather after a recent rally. “We’re in for a consolidation this week, also in stock markets.
      Reuters; PHOTO: BLOOMBERG  -  555 words
    • Article
      Lock icon RISES
      110 6 BY CENTS CLOSE UP DBXT MSKorea 10US$ 5722 130.0 1.9 GLD 10US$ ***** 54.5 0.3 YHS 290 36.0 14.2 DBXT MSJAP 10US$ 4620 34.7 0.6 Haw Par Corp 827 24.0 3.0 CIMBASEAN40 100S$D 1485 21.0 1.4 Straits Trdg 418 21.0 5.3 Hyflux 6% CPS 10 ***** 20.0 0.2 DBXT
      110 words
    • Article
      Lock icon FALLS
      127 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -293.4 -2.1 JMH 6675 -167.1 -2.0 DBXT DBCBDJUBS 10US$ 3072 -125.0 -3.2 DBXT FTChina25 10US$ 2863 -59.4 -1.6 DBXT CSI300 10US$ 777 -55.7 -5.5 DBXT FTVietnam 10US$ 2426 -39.6 -1.3 Lyxor EasternEurope1 454 -38.4 -6.4 Jardine C&C 4525 -25.0 -0.5 Lyxor
      127 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      1242 7 three months results 2013 (Incorporated in Bermuda with limited liability) Dear Shareholders The Board of Directors of Noble Group Limited is pleased to present the unaudited consolidated financial results for the first three months of 2013, together with those of the corresponding period 2012. Noble recorded a three months revenue
      1,242 words
Page thumbnail Page 8
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Mapletree Investments profit rises 48.9%
      687 8  -  The group’s return on equity is 12.8%, up from 9.7% the year before By FELDA CHAY REAL estate group Mapletree Investments reported a 48.9 per cent surge in fullyear Patmi (profit after tax and minority interests) to $931.7 million on a broadbased increase in recurring
      FILE PHOTO  -  687 words
    • Article
      Lock icon Good customer service needs EQ: survey
      359 8  -  80% of respondents say being heard more important than solving problem By MARIA MALA YOGALINGAM SINGAPOREANS believe that the emotional aspect of service delivery has the greatest impact on customer service, according to corporate soft-skills training provider AchieveGlobal. Its latest customer experience study which
      359 words
    • Article, Illustration
      Lock icon Q1 net allocation of JTC land, facilities falls
      395 8  -  Prepared industrial land down 51%; ready-built facilities down at -3.8 ha By ONG CHOR HAO INDUSTRIAL landlord and developer JTC Corporation saw net allocation of prepared industrial land (PIL) and ready-built facilities (RBF) decline in the first quarter of this year. In
      Source: JTC  -  395 words
    • Article
      Lock icon Salaries here to go up by 4.5%: survey
      351 8  -  This puts Singapore in 12th place in Asia-Pac in terms of projected hike for year By NG ZHUO YANG SALARIES here are projected to go up by 4.5 per cent this year, a survey by global professional services firm Towers Watson has
      351 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Prohibition order on Tan Chong Koay cut
        215 8 THE Monetary Authority of Singapore (MAS) has cut the term of its prohibition order against Pheim Asset Management Sdn Bhd founder Tan Chong Koay to two years upon his appeal. An earlier prohibition order against him, following his conviction for share price manipulation,
        215 words
      • Article
        Lock icon JTC wins Green Mark Champion award
        131 8 JTC Corporation became the only organisation that received the Green Mark Champion award this year, for incorporating green features in construction. Building Construction Authority (BCA) chief executive John Keung noted that, apart from greening its building projects, JTC had embraced “green district” design for
        131 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      28 8 IMJ $5 Million Anniversary Draw Fri, 17 May 2013,9.30pm Visit www.singaporepools.com.sg for details. Ip Y(i> Always play with care. [responsibly] Do not bet illegally. RGB Reg No: *****0202G
      28 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      349 9 MARINA BAY FINANCIAL CENTRE REDEFINING THE LANDSCAPE FOR BUSINESS, LEISURE AND LIVING. Marina Bay Financial Centre’s official opening is the culmination of a vision to create a truly global business centre. One that raises Singapore’s profile as the financial gateway to Asia, while changing the way we work, live and
      349 words
Page thumbnail Page 10 / 11
  • Page 10 / 11 Advertisements
    • Advertisement
      Lock icon Page 10 / 11 Advertisements Column 1
      324 10 / 11 It MARINA BAY FINANCIAL CENTRE ;fU ;.TT ■rmwmn ■nmimrai W— —KM WM 'rMn v rnnkii^i 7' nihtfanaBWi »in iitbi i i i rg ygBitmg Sram nn LEJ t II i diiL iLay j I Clga.fMMHBilLBtUrdiirJBH iJiIImuh axL'Siflli mu ImMM 1 t iiiii H. ms -r •&> 5T j EX V
      324 words
Page thumbnail Page 12
  • MALAYSIA/INDONESIA
    • Article
      Lock icon IOI to spin off RM18.5b of property assets
      600 12  -  Assets held by IOI Prop and other units to be injected into new listing By PAULINE NG in Kuala Lumpur MALAYSIA’S IOI Corporation has proposed to transfer RM18.5 billion (S$7.68 billion) worth of assets to a property company that will be relisted
      600 words
    • Article, Illustration
      Lock icon PKR’s Khalid sworn in as Selangor MB
      574 12  -  By S JAYASANKARAN in Kuala Lumpur AFTER slightly over a week, Khalid Ibrahim was sworn in yesterday as Menteri Besar of Selangor, Malaysia’s richest and most industrialised state. Mr Khalid, 66, is from the opposition Parti Keadilan Rakyat (PKR), and this will be
      PHOTO: THE STAR  -  574 words
    • Article
      Lock icon Bank Indonesia keeps interest rate at record low
      363 12 Bloomberg [JAKARTA] Indonesia kept interest rates unchanged for a 15th consecutive meeting as the threat of inflation from planned fuel-price increases outweighs the risk of slowing growth. Bank Indonesia governor Darmin Nasution and his board held the reference rate at a record-low
      Bloomberg  -  363 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      118 12 RESTAURANT OF THE YEAR RESTAURANT ANDRE BEST NEW RESTAURANT ASIAN KAISEKI YOSHIYUKI BEST NEW RESTAURANT WESTERN POLLEN BEST BUSINESS LUNCH ASIAN YAN TING BEST BUSINESS LUNCH WESTERN GUNTHER’S RESTAURANT BEST DINNER EXPERIENCE ASIAN SHINJI BY KANESAKA BEST DINNER EXPERIENCE WESTERN IGGY’S BEST WINE LIST ASIAN JADE PALACE SEAFOOD RESTAURANT BEST
      118 words
Page thumbnail Page 13
  • GREATER CHINA
    • Article, Illustration
      Lock icon Inflated exports may add to yuan pressure
      740 13  -  Some entities’ use of fake export bills could swell China’s trade surplus By JEFF PAO EJ In sight [HONG KONG] Inflated export figures by some Chinese entities could swell the trade surplus of the world's second largest economy further, giving the US more
      EJ Insight; PHOTO: REUTERS  -  740 words
    • Article, Illustration
      Lock icon Senior Chinese planning official sacked for corruption
      268 13 Reuters [BEIJING] A deputy head of China’s top planning agency has been sacked for corruption after allegations against him were first posted online, Chinese media said yesterday, in the government’s latest move against pervasive graft. Liu Tienan had been removed as deputy of
      Reuters  -  268 words
    • Article
      Lock icon Restrictions on fund pooling extended
      425 13 They now apply to non-bank financial institutions as well Reu ters [SHANGHAI] China’s central bank closed a loophole used by non-bank financial institutions to conceal risks hidden in high-yielding but opaque wealth management products (WMPs), according to a statement published on the website of the
      Reuters  -  425 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      204 13 an e .pena event IMDEX ASIA International Maritime Defence Exhibition Conference IMDEX ASIA 2013 14 -16 May Changi Exhibition Centre Singapore ASIA PACIFIC'S FLAGSHIP MARITIME DEFENCE SHOW COMPLIMENTARY ADMISSION Open from 14-16 May Changi Exhibition Centre For more information, please visit THE MUST-ATTEND EVENT FOR SCAN FOR INFO www.imdexasia.com MARITIME
      204 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      127 13 Unmask deeper global business truths by going beyond the facades of understanding 31 years of partnership between East and West Immerse in the vibrant cultures of two of the world’s most respected academic institutions. STANFORD–NUS EXECUTIVE PROGRAM IN INTERNATIONAL MANAGEMENT 17 31 Aug 2013 The Stanford–NUS Executive Program, held in
      127 words
Page thumbnail Page 14
  • INDIA
    • Article, Illustration
      Lock icon Ranbaxy agrees to pay US$500m penalties
      762 14 It admits to selling impure drugs developed at two factories in India and many other deficiencies AP [WASHINGTON] A subsidiary of India’s largest pharmaceutical company has agreed to pay a record US$500 million in fines and penalties for selling adulterated drugs and lying to
      AP  -  762 words
    • Article
      Lock icon India’s inflation slips back to below 5%
      401 14 Reuters [NEW DELHI] India’s headline inflation fell below 5 per cent in April, putting it back in the central bank’s comfort zone for the first time in more than three years and fuelling market hopes for more monetary easing to revive the economy’s
      Reuters  -  401 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      1488 14 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Standard Chartered PLC (Incorporated in United Kingdom) V)H+ 7’4-) .?]+)@EHDF:@W 3A:H@)L RCD+CDL \;,0 "3=L 1D!<)+ S!D%+CE Audited accounts for the year ended 31 December 2012 /#%E#9@"5BK" 1595%$K <CKKB As at 31 December 2012 2012 ,G... 6<,’@99@#% 13cE!]]!CD Assets ;H># HD+ FH]HD-)> H< -)D<@H]
      1,488 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      643 14 IN THE MATTER OF THE COMPANIES ACT ,CAP. 50 AND IN THE MATTER OF EARTH WINES PTE. LTD. Registration No. *****3116R (In Members’ Voluntary Winding Up) At an Extraordinary General Meeting of the Members of EARTH WINES PTE. LTD. held at 4 Battery Road #B1-01 Bank Of China Building Singapore
      643 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 3
      96 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CAIRNHILL DEVELOPMENT PTE. LTD. (In Member’s Voluntary Liquidation) Company Reg. No. *****2079Z NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 (the “Act”) that the Final Meeting of Members of the
      96 words
Page thumbnail Page 15
  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Australia shuns austerity to get back in the black
      664 15 It will spend on infrastructure and leave room for rate cuts instead Bloomberg [SYDNEY] Australian Treasurer Wayne Swan will eschew European-style austerity as a stronger currency slows growth, wagering the government can win a Sept 14 election fought on jobs and
      Bloomberg; PHOTO: BLOOMBERG  -  664 words
    • Article
      Lock icon The numbers with the power to move markets
      570 15 Investors keep a close eye on PMIs, US job data Re uters [LONDON] Central bank intervention, the eurozone crisis and China’s rise have expanded the list of data that moves markets, but surprises in measures such as PMIs and US jobs numbers
      Reuters  -  570 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      64 15 MIKUNI’S CLASS ACT LAUNCHES NEW MENU Mikuni’s distinguished team of “culinary wonders” headed by Executive Chef Moon Kyungsoo launches a revamped Ala-Carte menu for the award-winning restaurant with tantalising new signature items, providing connoisseurs with presentations. For reservations, please call +65 6431 6156 or email dining.singapore@fairmont.com. Level 3, 80 Bras
      64 words
Page thumbnail Page 16
  • WORLD
    • Article
      Lock icon Industrial data raises hopes for eurozone growth
      529 16 Industrial output in March up at double the rate expected in markets: Eurostat AP Bloomberg [LONDON] A larger-than-ex-pected increase in industrial production across the 17 European Union countries that use the euro has raised hopes that the recession in the currency bloc has
      AP; Bloomberg  -  529 words
    • Article
      Lock icon US, Japan lead economic recovery: OECD
      359 16 Monthly leading indicator rises to 100.5 in March Reuters AFP [PARIS] The economic outlook in major industrialised nations is improving, led by firming growth in the United States and Japan, the Organisation for Economic Cooperation and Development (OECD) said yesterday. The Paris-based thinktank said
      Reuters; AFP  -  359 words
    • Article
      Lock icon Support for EU, more integration falls: Pew survey
      371 16 AFP [BRUSSELS] Popular support for the European Union and greater economic integration to combat the debt crisis has fallen sharply, especially in key member France, a Pew Research survey shows. Under the headline The New Sick Man of Europe: the European Union,
      AFP  -  371 words
    • Article, Illustration
      Lock icon No exceptions in US-EU free trade talks: Cameron
      496 16 AFP [WASHINGTON] British Prime Minister David Cameron said all subjects and products should be up for discussion in upcoming negotiations on the proposed US-EU free trade area. Speaking at the White House after talks with US President Barack Obama, he said there
      AFP  -  496 words
    • Article, Illustration
      Lock icon US govt blamed for violating press freedom
      633 18 It secretly accessed phone records of AP journalists to probe alleged leaks Bloomberg [WASHINGTON] Media groups and government watchdogs said the US Justice Department interfered with press freedom when it secretly collected telephone records from Associated Press reporters and editors over a two-month
      Bloomberg; PHOTO: AP  -  633 words
    • Article, Illustration
      Lock icon Retailers agree to improve factory safety
      416 19 Pact requires them to cover costs for needed repairs to factories AP [NEW YORK] Some of the world’s largest retailers have agreed to a first-of-its-kind pact to improve safety at some of Bangladesh’s garment factories following a building collapse that killed more than 1,100
      AP; PHOTO: AP  -  416 words
    • Article, Illustration
      Lock icon Another bad year for Sharp, new chief taking over
      549 20 Second straight record loss; expects to be back in the black this year AFP [TOKYO] Japanese electronics giant Sharp yesterday posted a record annual loss for the second year in a row, and announced plans to replace its current chief after
      AFP; PHOTO: AFP  -  549 words
    • Article
      Lock icon US hedge fund billionaire calls for breakup of Sony
      566 20 Daniel Loeb presses it to spin off part of entertainment arm NYT [NEW YORK] An American hedge fund billionaire known for starting big fights has called for a breakup of the entertainment and electronic colossus Sony, according to people briefed on
      NYT  -  566 words
    • Article
      Lock icon Christie’s sets US$1.16m record for 1942 Rolex
      163 20 Bloomberg [GENEVA] Christie’s International set a record auction price for a Rolex wristwatch yesterday as Sotheby’s offers a jewellery collection owned by Italian actress Gina Lollobrigida in this spring’s Geneva auction season. The 1942 split-second Rolex chronograph, described by Christie’s as the “most
      Bloomberg  -  163 words
    • Article
      Lock icon Aquino poised to win rare majority in Congress
      418 21 Estrada’s mayor win could spell problem for Aquino’s reforms beyond 2016 Reuters [MANILA] Philippine President Benigno Aquino was set yesterday to win unprecedented control of the two chambers of Congress after mid-term elections, raising hopes for his reforms to sustain growth, create
      Reuters  -  418 words
    • Article, Illustration
      Lock icon EU finance ministers to fight tax evasion
      464 21 They will set up automatic exchange of banking info AP [BRUSSELS] European Union finance ministers are seeking ways to cut down on tax evasion and hammer out controversial building blocks of the region’s planned banking union to stabilise its financial system. British Chancellor
      AP; PHOTO: AP  -  464 words
    • Article
      Lock icon Visa Europe to cap inter-bank credit card fees
      212 21 Reu ters [BRUSSELS] Visa Europe, the European licensee of Visa Inc, has offered to cap its inter-bank credit card fees at 0.3 per cent of transaction value for four years, the same level as the rival MasterCard network, to end a European
      Reuters  -  212 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      342 16 BUSINESS PRODUCTIVITY SEMINAR SEEKING GROWTH IN UNCERTAIN TIMES Can businesses grow amidst an unpredictable economic outlook? Are there practical ways to achieve a healthier bottom line for 2013? Experts and entrepreneurs share how you can turn adversity into advantage in this not-to-be-missed business productivity seminar. GUEST OF HONOUR Mr Lee
      342 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      305 16 INTHEMATTEROFTHE COMPANIESACT,CAP.50 AND INTHEMATTEROF BRIGHTENMARINEPTE.LTD. (InMembers’VoluntaryLiquidation)CompanyRegistrationNo.*****6062G NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of abovenamed Company, duly convened and held at 11.30 a.m. at 190 Middle Road, #14-05 Fortune Centre, Singapore *****9,on7May2013thefollowing Resolutions set out below were duly passed: SPECIAL RESOLUTIONS: 1.That the Company be wound
      305 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 3
      67 16 Into its 5th year... young MvhJs ACADEMY 2013 Join fellow esteemed exhibitors in FIRST AND LONGEST RUNNING CHILDREN'S EDUTAINMENT SHOW! 80,000 TO 120,000 VISITORS EXPECTED! The choice platform for quality children's enrichment programmes and services. Call 9660 8524 9008 9391 or email kelvint@sph.com.sg jefffoo@sph.com.sg to find out more. 4 A
      67 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 4
      69 16 I Looking for a Platform to showcase your Maternity or BaBy relateD proPucts/sen/ices? 2013 I a The Marketplace for A lew Expecting Parents V 12-14 July 2013 Singapore expo Great peals! Exciting Programs! Reach out to More than 80,000 Parents! 3000 NOW! LimiteD Booths availaBle! For more information, please email
      69 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      4138 17 UOL GROUP LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****0438C PAN PACIFIC HOTELS GROUP LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****0248D JOINT ANNOUNCEMENT PROPOSED VOLUNTARY DELISTING OF PAN PACIFIC HOTELS GROUP LIMITED 1. INTRODUCTION UOL Group Limited (the “Offeror”) and Pan Pacific Hotels
      4,138 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      2510 18 A NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NEO GROUP LIMITED Company Registration Number: *****7080G NOTICE OF FIRST ANNUAL GENERAL MEETING Notice is hereby given that the First Annual General Meeting of the Company will be held at Singapore Flyer Bay View Room 1 Level 2, 30 Raffles Avenue, Singapore
      2,510 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      3120 19 tff tSATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Skandinaviska Enskilda Banken Head Office: Kungsträdgårdsgatan 8, Stockholm, Sweden BALANCE SHEET 31 December SEB Group 2012 2011 SEKm SEKm Cash and cash balances with central banks 191,445 148,042 Other lending to central banks 17,718 80,548 Loans to other credit institutions 126,023
      3,120 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      319 20 work S $40q f *h °Ose A Y WHICH DIRECTION SHOULD MY PROPERTY FACE? S S6 00 ho u se s Ss 'OOo s ©s SSj 3oo 00 o'A Q.e CP o° *0 ep If this is among your concerns when buying a property, STProperty has the right tools for
      319 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      1828 21 A f I 1 Toll free 1800-289-8822 I I I m 1 Email notices@sph.com.sg M B B j B il www.cats.com.sg/notices FAR EAST HOSPITALITY TRUST A stapled group comprising: FAR EAST HOSPITALITY REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 1 August 2012 under the laws of
      1,828 words
Page thumbnail Page 22
  • EDITORIAL & OPINION
    • Article
      Lock icon The net-positive fallout from a falling yen
      531 22 EDITORIAL AS at yesterday, the Japanese yen was trading at just above 101 about the same level as in April 2009 and many analysts project that it will drop further. The big question is whether this will be good for Japan, for Asia
      531 words
    • Article, Illustration
      Lock icon China seems to be up to its separatism tricks again
      705 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE questioning of Japanese sovereignty over the Ryukyu Islands, including Okinawa, by Chinese scholars appears to reflect a new Beijing approach
      705 words
    • Article, Illustration
      Lock icon Why 100 yen is bad news for Japan
      993 22  -  Weaker currency takes pressure off Japan Inc to innovate and think up new products WILLIAM PESEK The writer is a Bloomberg View columnist. The opinions expressed are his own Bloomberg THE smile on Kazuo Hirai’s face shows why the yen’s drop below
      Bloomberg; PHOTO: REUTERS  -  993 words
    • Article, Illustration
      Lock icon Many challenges ahead for Sharif
      1361 23  -  But the seasoned politician will step up, and where necessary, outside support will come forth By IFTEKHAR AHMED CHOWDHURY The writer, a former foreign adviser (foreign minister) of Bangladesh, is senior research fellow at the Institute of South Asian Studies, an autonomous research institute at
      PHOTO: REUTERS  -  1,361 words
    • Article, Illustration
      Lock icon Attaining gold standard for trade agreements
      882 23  -  By TAMI OVERBY The writer is vice-president of the Asia division, Asia-Pacific Council of American Chambers of Commerce (APCAC) THE concept of fair trade is a simple and undeniable one. Billions of people around the world have already benefited from it perhaps no more
      PHOTO: AFP  -  882 words
Page thumbnail Page 23
Page thumbnail Page 24
  • Transport HUB
    • Article, Illustration
      Lock icon Tighter rules for dumping waste
      771 24  -  Shipowners need to pay attention to amended regulations about discharge of garbage into sea STRAIT TALK By DAVID HUGHES NOT so long ago there was a simple way for ships to dispose of all sorts of waste just tip it overboard. Those days have now
      FILE PHOTO  -  771 words
    • Article
      Lock icon TRANSPORT STOCKS
      245 24 SGX '000 May 14 S$ +/-Vol CH Offshore 0.46 0.01 87 Chuan Hup Hldg 0.27 0.01 359 Cosco Corp 0.81 0.01 1449 May 14 Ezra Hldgs 1.02 unch 1929 First Ship Lea 0.13 unch 201 Freight Links 0.09 unch ***** Grand Banks............unch unch 0 Jaya Hold Ltd 0.01
      245 words
    • Article
      Lock icon Suspect kept books for Somali pirates: Berlin
      394 24 He was responsible for dividing millions in ransom money NYT [BERLIN] Who knew that buccaneers had bookkeepers? The authorities in Germany said on Monday that they had arrested a man, whom they identified only by the initial “M”, who acted as the accountant
      NYT  -  394 words
    • Article
      Lock icon Transocean chairman stepping down
      317 24 Reuters Bloomberg [SAN FRANCISCO] Transocean Ltd said on Monday that chairman Michael Talbert will step down later this year, in a move that comes just days before the culmination of a fight between the offshore driller and investor Carl Icahn in which Mr Talbert was a
      Reuters; Bloomberg  -  317 words
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      294 24 TRADING GLOBAL MARKETS FOR SHORTTERM INCOME AND LONGTERM WEALTH Jeff Manson By Chuck Fulkerson Jeff Manson Who Should Attend OTA Superstar Traders workshop on 24th, 25th and 26th May 2013? To find out more, join us in this FREE 2-hour PREVIEW of Workshop with Jeff Manson and Chuck Fulkerson. You
      294 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 2
      59 24 LOOKING FOR A PLATFORM TO SHOWCASE AND PROMOTE YOUR PRODUCTS? M FOOD ELECTRONICS BAZAAR 2013 19-21 July 2013 Singapore Expo Hall 6 4th year running Attracting more than 120,000 visitors BOOK NOW! ‘Limited booths available! For more information, please contact Ms Adeline Goh (9681 8289) gohtna@sph.com.sg Mr Frankie Slow (9046
      59 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 3
      56 24 Connecting Buyers Sellers at Gifts Premiums Fair 2 0 13 10-12 JULY 2013 MARINA BAY SANDS SINGAPORE for fcftor 5 BeSer otTOO^' Ema" 848 5938 Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sfl Blk 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel: (65) 6848 5938 Fax: (65)
      56 words
Page thumbnail Page 25
  • TRANSPORT HUB: AVIATION
    • Article, Illustration
      Lock icon CAAS launches productivity initiatives
      349 25  -  Competition-based programme will resolve problems faced by sector By MA XIANGYU [SINGAPORE] The Civil Aviation Authority of Singapore (CAAS) yesterday announced two initiatives to help address the manpower, land and air traffic management constraints facing the aviation sector. In an address at the Aviation Community Reception,
      349 words
    • Article, Illustration
      Lock icon Airbus working overtime to pull off a coup
      828 25 Bloom berg [TOULOUSE] Airbus SAS engineers are working 13hour days to get the company’s latest A350 plane off the ground in time to scoop the headlines at next month’s Paris air show. A flight around the year’s biggest aviation expo, starting on
      Bloomberg; PHOTO: BLOOMBERG  -  828 words
    • Article, Illustration
      Lock icon Issues dog UN on global emissions deal
      690 25 Its civil aviation body may not meet Sept target date Reuters [MONTREAL] Little progress has been made in a United Nations’ effort to craft an agreement to lower greenhouse gas emissions from international air travel, raising doubts that its civil aviation body can
      Reuters; PHOTO: REUTERS  -  690 words
    • Article
      Lock icon EADS Q1 earnings up 56% to 741m euros
      195 25 Bloomberg [TOULOUSE] European Aeronautic, Defence Space Co (EADS) posted higher first-quarter earnings as its Airbus unit more than doubled profit on higher deliveries of commercial jets. Earnings before interest, tax and one-time items rose 56 per cent to 741 million euros (S$1.2
      Bloomberg  -  195 words
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      155 25 SMARTS PASSENGERRAIL ASIA 2013 25 27 June 2013, Grand Hyatt Jakarta Event Highlights; Ministerial forum featuring key Indonesian ministers Closed-door luncheon with Indonesia's mayors and province representatives Future Directions Global and regional project showcase Technology showcase Key distinguished speakers include Djoko Kirmanto Minister Ministry of Public Works Indonesia Bambang Susantono
      155 words
    • Advertisement
      Lock icon Page 25 Advertisements Column 2
      57 25 THE GREAT DIGITAL SALE 70 0/ OFF YOUR FAVOURITE /o MAGAZINES when you subscribe to 12 issues of the digital edition now! altu Mens &CK BODY Mcii'' HIAIM I,it. HIAIM Microsoft Yea or Nay m Subscribe Now! Offer valid from May 15 fa July 31, 2013. Download the magazines through:
      57 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      323 25 CRYPTIC CROSSWORD Across 1 Cellar barrels’ opening gets troops in a fix (8) 5 10 Showbiz columnist’s worst gripes erupting about paparazzi ultimately (6) 9 Fitfully regarding a new shed (2,3,3) 10 See 5 (6) 12 Decorate half of them rather like Big Ben? (9) 13 Stuff Frenchman! (5) 14
      323 words
Page thumbnail Page 26
  • TRANSPORT HUB: LAND
    • Article, Illustration
      Lock icon Yen must fall further to be normal: Nissan chief
      766 26 Ghosn sees US$ at 100 yen as neutral, says it should reach 110 yen or 112 yen AP [TOKYO] Nissan Motor Co president Carlos Ghosn welcomed the yen’s recent decline to what he called “neutral” levels for the Japanese car maker’s
      AP; PHOTO: AP  -  766 words
    • Article
      Lock icon BMW blasts EU calls to boost fuel efficiency
      280 26 European industry will lose out to US, China rivals, it says Reu ters [MUNICH] German carmaker BMW has criticised calls by European Union lawmakers for even greater fuel efficiency by 2025, warning their demands would hurt European industry in competition with the
      Reuters  -  280 words
    • Article
      Lock icon GM to spend US$100m to build new data centre
      394 26 Bloomberg [WARREN, Michigan] General Motors Co (GM) said it will spend US$100 million to build a data centre in Michigan as part of its overhaul of information technology (IT) operations. The new facility in Milford, Michigan, northwest of GM’s Detroit headquarters,
      Bloomberg  -  394 words
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      220 26 Never Hit Another On The Road STCars is now available on Android iPhone for FREE M T A 78% Guides Articles New Cars Ike-through Merc Samuel Ee lished: 2013-01-26 New Cars Found Km Voll<swa gen Beetle 1.2 isi (A) w' Ferrari FF 6.3 (A) Ital Auto Accessories >t< i! I
      220 words
Page thumbnail Page 27
  • Article
    Lock icon I nt DUjMMtjj I MVItb Shipping times
    2633 27 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK
    2,633 words
  • Page 27 Advertisements
Page thumbnail Page 28
  • Page 28 Advertisements
Page thumbnail Page 29
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3312 29 Transaction date: May 14 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last AAT Vol Day Last Quote ('000) High Low Buyer Seller 10.4 7 AEM C'vr 184.5 106 AIMSAMPIReit 184
      3,312 words
    • Article
      Lock icon SGX CATALIST
      215 30 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 2.6 1.3 t Advanced System 1.6 unch 1156 1.6 1.6 1.6 1.7 25.4 Last Quote Div Gr Yld Net M Cap High
      215 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10777 30 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 Asian Smaller Cos!' .2.0936/ EM local Ccy Bond 1 0301/ European Opportunities!’’ 1.2087/ Global Emerging Markets!" Global Opportunities/*' 7 0193/ .*****/
      10,777 words
    • Article
      Lock icon GLOBALQUOTE
      261 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A40.5 +0.5 139 41.5 40 41 42.5 3.6 8.6 3.3 147.6 52 30 Genting HK US$ US51 +1 5283 51 50 50.5 51 3358.1
      261 words
    • Article
      Lock icon SGX ETF
      948 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 119.5 -0.1 8 119.5 119.5 119.2 119.5 545.5 136.8 120.4 CIMB APAC Div 100S$D 136.8 141.8 142.7 114.4 95.8 CIMB
      948 words
Page thumbnail Page 30
Page thumbnail Page 31
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      631 31 May 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.56 *****.79 *****.08 Jun13 *****.00 *****.00 *****.00 *****.00 *****5 *****1 Sep13 *****.00 *****.00 *****.00 *****.00 479 4011 MSCI TAIWAN INDEX FUTURES SPOT 298.52 300.62 298.14 May13 299.60 301.30 298.50 299.70 ***** *****1 Jun13 298.80
      631 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 31 In local curr In S$ In US$ dy yr dy yr dy yr May 13 Index Change Change Change Change Change Change World Preliminary 1077.3 0.1 14.8 0.3 13.7 0.1 11.9 EAFE Preliminary 904.0 0.3 16.7 0.5 11.7 0.3 10.0 Europe Preliminary 1268.4 -0.1 10.6
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 31 May 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.008 6.122 0.767 7.735 54.432 97.039 1.011 11.036 2.977 1.204 98.085 40.943 1.234 9.149 0.951 29.777 29.498 0.651 0.997 Canada 0.992 6.076
      471 words
    • Article
      Lock icon SIBOR
      65 31 May 14 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
      65 words
    • Article
      Lock icon PRECIOUS METALS
      135 31 May 14 GOLD(US$/oz) May 13 May 14 Hong Kong 1442.20 1450.40 May 10 May 13 London 1423.10 1432.91 1423.85 1433.69 Source: Thomson Reuters CAST BAR May 14 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130 58 5gm 368 288 10gm 657 575
      135 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 31 May 14 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*****V 15-Nov-13 0.26 0.23 0.23 1-Year BY*****H 02-May-14 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.07 100.12 100.11 5-Year
      90 words
    • Article
      Lock icon PALM OIL
      53 31 May 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2280.0 1151 Jun 13 2305.0 2292.0 2307.0 2284.0 577 5437 Jul 13 2327.0 2302.0 2327.0 2291.0 ***** ***** Aug 13 2320.0 2301.0 2326.0 2292.0 6822 *****
      53 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 31 May 14 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2334 1.2348 0.9964 0.9967 Canadian dollar 1.2243 1.2254 0.9891 0.9890 Euro 1.6087 1.6101 1.2995 1.2996 NZ dollar 1.0246 1.0261 0.8277 0.8282 Sterling pound 1.8940 1.8958 1.5300
      156 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 31 As at 9am May 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.265 1.205 Can dollar 1.250 1.202 Euro 1.649 1.571 Sterling pound 1.933 1.859 NZ dollar 1.049 1.009 US dollar 1.264 1.204 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 31 May 14 $S Offer Bid 0vernight 0.01 Par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12
      154 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1035 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Cooo) Albedo Limited W*****9 Ratio Exer Asiatravel.com HoldingsW*****7 1 1 25 14 Asiatravel.com HoldingsW*****5 2.2 1 27 38 Disc Best World Intl Ltd W*****5 1.5 1 30 37 15.33 2 BiosensoBPeCW*****2
      1,035 words
    • Article
      Lock icon CHICAGO BOT
      109 31 May 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1521.00 1488.25 1527.25 1486.50 Jul 13 1419.25 1399.00 1423.00 1393.50 Aug 13 1345.00 1330.00 1347.50 1322.75 Sep 13 1263.00 1254.25 1266.25 1250.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13
      109 words
    • Article
      Lock icon LIFFE
      95 31 May 13 COCOA (£/tonne) Close Prev High Low May 13 1580 1541 1585 1527 Jul 13 1547 1527 1549 1519 Sep 13 1554 1534 1555 1527 Dec 13 1559 1540 1560 1533 COFFEE(US$/tonne) Close Prev High Low May 13 2005 1981 2008 2002 Jul 13 2051 2031 2055 2019
      95 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 31 CRUDE OIL PRODUCTS May 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 102.64 0.72 WTI (Near Mth) 94.92 -1.00 Dubai (1-Mth F) 99.79 -1.17 Tapis blend 107.60 -1.28 Minas 100.40 -1.28 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.56 -0.61 Jet Kerosene 115.55 -0.90 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 31 May 14 S$ Bid Offer 1-month 1.2379 1.2389 2-months 1.2378 1.2389 3-months 1.2378 1.2389 6-months 1.2375 1.2392 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 31 Apr 13 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1840.00 1843.25 3 months 1867.00 1870.00 Copper, Grade A(US$/tonne) Cash 7388.50 7355.50 3 months 7415.00 7375.00 Lead(US$/tonne) Cash 1991.00 1974.50 3 months 2008.00 1994.00 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      161 32 n i m m m A a l A\ A W y*\ st/h //a as V /AM y/w M 7//T A' PHI m E it &®2« A\ i »s 5 As W*vr y\y m m VA v ii V V m mu lu. T .T--li ML;-, _ni GRAND PARK ORCHARD
      161 words
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Lock icon Page 33 Advertisements Column 1
      79 33 Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow and pass on your wealth.
      79 words
Page thumbnail Page 34
  • executive Money
    • Article, Illustration
      Lock icon Unwise to cut and run
      944 34  -  Even though equities run risk of interim pullbacks this year, there is still return to play for By HANS OLSEN The writer is chief investment officer of the Americas at Barclays THE year has gotten off to an extraordinary start, particularly from a US equity
      Source: Thomas Reuters, Bloomberg, as of March 2013, data from 1956-2013; Source: Americas Investment Strategy, Barclays, as of May 1,2013  -  944 words
    • Article, Illustration
      Lock icon 100 years on, Rockefeller Foundation stays solid
      1235 32 Financial realities prompt it to do most of its current work in partnerships AP FOR the richest American family of their era, the goal was fittingly ambitious: “To promote the well-being of mankind throughout the world.” With that mission, underwritten by the vast
      AP; PHOTO: AP  -  1,235 words
    • Article, Illustration
      Lock icon Asean markets: policy risk to the fore
      731 33 Valuations pose less risk for investors buying stocks and bonds in the region Reuters INVESTORS are becoming increasingly picky about which bonds and stocks they buy in South-east Asia’s fast-growing economies as the risk of policy bungling makes them more discerning. The ebb
      Reuters; PHOTO: AP  -  731 words
    • Article
      Lock icon Hedge fund fees may be on a downward spiral
      472 33 FEES are coming down in the hedge funds sphere. The New York Times reported that Cantab Capital Partners, based in Cambridge, Britain, has been turning heads recently in London and New York with a new fund that aggressively undercuts its competitors
      472 words
  • Page 34 Advertisements
    • Advertisement
      Lock icon Page 34 Advertisements Column 1
      120 34 TRADE THE WORLD'S MOST LIQUID MARKET WITH YOUR LOCAL FOREX SPECIALIST Deal around the clock on a wide range of major, minor and exotic currency pairs. Access tight spreads with EUR/USD and AUD/USD from just 0.8 pips, and unique risk management tools. Plus, FX rebates available for high-volume traders. Find
      120 words
    • Advertisement
      Lock icon Page 34 Advertisements Column 2
      11 34 EXECUTIVE MONEY Rockefeller Foundation still solid after 100 years PAGE 32
      11 words
Page thumbnail Page 1
  • Who’s who in Law
    • Article, Illustration
      Lock icon Insolvency: Change is in the air
      1281 1  -  Lawyers give their take on what could be expected from a review of the current bankruptcy regime By GRACE LEONG W HETHER a new debt restructuring regime is required, in place of, or in addition to the existing scheme of arrangement procedure, and whether
      1,281 words
    • Article
      Lock icon Cross-border insolvency laws under review
      703 1 SINGAPORE’S new insolvency legislation may incorporate features that could help facilitate its development into a regional forum of choice for corporate debt work-outs and restructuring a critical step to encouraging more foreign companies to do business here. In particular, improving Singapore’s crossborder insolvency provisions would
      703 words
    • Article, Illustration
      Lock icon Time to review Qualifying Certificate rules
      1753 2  -  In the past year, several housing developers have applied for an extension of time to sell, subject to payment of the extension charge By LEE LIAT YEANG The writer is a partner in the Real Estate Practice Group of Rodyk Davidson LLP THE purchase
      PHOTO: YEN MENG JIIN  -  1,753 words
    • Article
      Lock icon Making auditor duties less onerous
      975 2  -  By THIO SHEN YI The writer is head, Litigation, TSMP Law Corporation THE market relies on information symmetry and transparency for it to function efficiently. But it also requires formal safeguards to ensure that market players, specifically management, behave themselves. A fraud perpetrated on a
      975 words
    • Article, Illustration
      Lock icon Preparing for Companies Act changes
      1055 3  -  Proposed wide ranging changes to the Act are expected to enhance Singapore’s position as a global business hub By LEE SUET FERN The writer is senior partner at Stamford Law THE Ministry of Finance (MOF) has recommended changes to the Companies Act. In so doing,
      PHOTO: YEN MENG JIIN  -  1,055 words
    • Article
      Lock icon Returning excess cash to shareholders
      1152 3  -  By RICHARD YOUNG, CHIAM TAO KOON The writers are partners of Allen Gledhill LLP. Their main areas of practice encompass mergers and acquisitions and corporate reorganisaton APPLE’S recent decision to borrow US$17 billion in the US bond markets to fund a share buyback programme and
      1,152 words
    • Article, Illustration
      Lock icon Criminal justice: It’s not all about winning
      1318 4  -  Codes of conduct and procedural rules to ensure fair play in criminal litigation should balance the rights of accused persons and persons in wider society By TAN CHEE MENG The writer is deputy managing partner, WongPartnership LLP “THE thrill of victory, the agony
      FILE PHOTO  -  1,318 words
    • Article, Illustration
      Lock icon Dealing with lemons – Singapore style
      1245 4  - Dealing with lemons Singapore style It will take some time for Singapore to progressively evolve its culture of consumer protection and further entrench consumer rights to the robustness of consumer rights in the US. By ROBSON LEE The writer is a partner at Shook Lin Bok LLP SINGAPORE’S Lemon Laws
      FILE PHOTO  -  1,245 words
    • Article, Illustration
      Lock icon The challenges in going regional
      1281 5  -  A firm needs to answer some difficult questions before embarking on any plan of regional expansion By LEE ENG BENG ANDREW CL ONG The writers are managing partner and partner of Rajah Tann respectively AS markets in China, India and South-east Asia expand, numerous home-grown
      PHOTO: REUTERS  -  1,281 words
    • Article, Illustration
      Lock icon The FCPA’s long-arm reach in Asia
      1259 5  -  By ANDREW MARTIN The writer is head of Corporate and Securities, Baker McKenzie. Wong Leow THE US Foreign Corrupt Practices Act (“FCPA”) was passed into law in 1977 in response to systemic bribery of foreign public officials by US businesses. It has two main
      PHOTO: REUTERS  -  1,259 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      61 1 Contents Time to review Qualifying Certificate rules Page 2 Making auditor duties less onerous Page 2 Preparing for Companies Act changes Page 3 Returning excess cash to shareholders Page 3 Criminal justice: It’s not all about winning Page 4 Dealing with lemons Singapore style Page 4 The challenges in going
      61 words
Page thumbnail Page 2
Page thumbnail Page 3
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      166 6 KhattarWong Partnership i n Practice After nearly 40 years, we know our clients as well as we know the law. Founded in 1974, KhattarWong has an extensive breadth and depth of legal resources. As one of Singapore’s largest and established law firms, KhattarWong has different practice groups with experienced lawyers
      166 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      184 7 Sharpening our Asian network, to give you the edge. It’s been a while now since Rajah Tann became officially the largest law firm in Singapore and South East Asia. But it’s not in our nature to sit back and admire the view from the top. Instead, we’ve been moving rapidly
      184 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      54 8 K u I 5 ft* 5* V V t 1 RODYK DAVIDSON LLP RODYK SINGAPORE SHANGHAI www.rodyk.com STRATEGIC representmioh enduring relations a ioo 1000 cr: 2013 Recommended Firm legal 500 ASIA PACIFIC LEADING FIRM 2013 80 Raffles Place #33-00 DOB Plaza 1 Singapore *****4 Tel: +65 6225 2626 Fax: +65
      54 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      306 9 Shook Li n&Bok Asian Presence Sfi la fi i i i 1 Zi /z I si s i M m n A I 1 0 r J 2 m M m a Bk BiVl'" f tfl 5BS5 I <£3 1 L< mr i v- > Mi i s, sr^»ii sdPatft&aA
      306 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      219 10 ttf m vw:-*- m XT'** mil i w m m vs r* O •/79m B S, 7 I «i r. i n c> S\V U7 7 3 a r»N p 5) m m OU1 'V* I *n y~^ I 03fe •7 I isV t ''N D t> m M r
      219 words
Page thumbnail Page 11
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      29 12 WE MAKE A WORLD OF DIFFERENCE TheopeningofournewofficeatMarinaBayFinancialCentresignifies ourpositionasaleaderintheeverchangingmarket. Asweenterourthirddecadeintheprofession,wecontinuetoshape thelegallandscapeasoneoftheregion'sthoughtleaders. WhileSingaporeisourbase,ourbusinessisglobal.Ourpracticesin ASEANandourofficesinChinaandtheMiddleEastservetheneeds ofourclientsanywhereintheworld. Yoursupporthasallowedustoearnourplaceasatoplaw firm. wongpartnership.com ASEAN CHINA MIDDLE EAST WongPartnershipLLP12MarinaBoulevard,Level28,MarinaBayFinancialCentreTower3,Singapore*****2. t +********** f +**********/5722 e contactus@wongpartnership.com WongPartnershipLLP(UEN:T08LL0003B)isalimitedliabilitylawpartnershipregisteredinSingaporeundertheLimited LiabilityPartnershipsAct(Chapter163A).
      29 words