The Business Times, 21 May 2013

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Microfilm: NL32576
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, May 21, 2013
    25 words
  • Article, Illustration
    Lock icon Firms still jittery about business prospects
    1055 1  -  Many are downbeat about next 6 months but BT-UniSIM survey hints at early recovery By TEH SHI NING [SINGAPORE] Businesses here are not ready to be optimistic yet, reflecting uncertainties that hang over Singapore’s expected growth recovery in the second half of this year.
    Source: BT-UniSIM Business Climate Survey 2013 First Quarter  -  1,055 words
  • Article
    Lock icon Buoyant Japan poised for V-shaped recovery: minister
    670 1  -  Factory output and exports rising, but currency has checked its downward slide By in ANTHONY ROWLEY in Tokyo THE Japanese government yesterday upgraded its assessmen t o f J a p an s short-term economic prospects, saying that factory output and exports are
    670 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,454.23 (+4.93) GST INDEX FUTURES 3,454.00 (+5.00) GSIMSCI 390.12 (+1.27) GSIMSCI FUTURES 390.50 (+1.50) US$ S$ US$ (S$ per US$) 1.254 (US$/S$ per 1.520 1.907 EURO (US$/S$/€ 1.287 1.614 Foreign currency per US$ S$ YEN 102.50 81.70 RM 3.020 2.408 HK$ 7.762 6.189 BAHT 29.83 23.78 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,777.15 +7.99 NIKKEI 225 15,360.81 +222.69 HANG SENG 23,493.03 +410.35 SET INDEX 1,643.40 +15.44 JAKARTA COMP 5,214.98 +69.29 MANILA COMP 7,275.38 -4.49 SEOUL COMP 1,982.43 -4.38 SHENZHEN B 874.73 +10.57 MUMBAI IND 20,223.98 -62.14 12noon EDT Change DOW 15,382.65 +28.25 NASDAQ 3,508.44 +9.48
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 HONG KONG 6.55 HONG KONG 5.00 JAPAN 13.108 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 BRITAIN Source: Bloomberg
      21 words
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      Lock icon Page 1 Advertisements Column 1
      214 1 COMPANIES Corporate earnings down 3.5% SME Inc It’s tough running a rice business OPINION Restoring trust in financial reporting PAGE 25 PRIVATE HOMES Foreign buyers’ share of deals slips again in April PAGE 32 PROPERTY JLL buys Halcyon Real Estate PAGE 30 PAGE 5 PAGE 11 TUDOR PELAGOS Self-winding mechanical
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  • TOP STORIES
    • Article
      Lock icon Law alone won’t stop discrimination: Chuan-Jin
      414 2  -  Moral suasion, measured response needed in review of employing foreigners By TEH SHI NING [SINGAPORE] Anti-discrimination laws for workplaces remain a possibility, but will not be that “silver bullet that solves all problems”. Acting Manpower Minister Tan Chuan-Jin yesterday reiterated that the government believes
      414 words
    • Article, Illustration
      Lock icon Workplace fatality down since 2005
      597 2  -  PM Lee calls for rate to be pared further to 1.8 from 2.1 now before ’18 deadline By LEE U-WEN [SINGAPORE] The national workplace fatality rate has fallen since 2005 but is still higher than in many other developed countries today, said Prime Minister Lee
      PHOTO: SEAH KWANG PENG/THE STRAITS TIMES  -  597 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      384 2 Firms jittery about business prospects BUSINESSES here are not ready to be optimistic yet, reflecting uncertainties that hang over Singapore’s expected growth recovery in the second half of this year. Firms who think business prospects may deteriorate continue to outnumber those with improved sentiment, according to the latest
      384 words
    • Article, Illustration
      Lock icon AirAsia X CEO faces turbulence over criticisms of Utusan
      538 2  -  Daily is demanding an apology for the remarks By in PAULINE NG in Kuala Lumpur AHEAD of an initial public offering for AirAsia X, its chief executive Azran Osman Rani is in a dilemma. His predicament has little to do with
      BLOOMBERG FILE PHOTO  -  538 words
    • Article, Illustration
      Lock icon Prosecution: $56.6m rental deal fictitious
      1171 4  -  Emails produced to show how accused round-tripped funds CITY HARVEST CASE By MICHELLE QUAH [SINGAPORE] The third day of the City Harvest Church (CHC) hearing, with a fresh witness on the stand, saw the prosecution casting further doubt on the authenticity of the church’s multi-million
      Source: Prosecution’s opening statement  -  1,171 words
    • Article, Illustration
      Lock icon Fiscal and structural reforms a priority, says Tharman
      367 4  -  By BENJAMIN AW [SINGAPORE] Deputy Prime Minister Tharman Shanmugaratnam yesterday drew attention to a “serious imbalance” in the way governments are responding to the global economic crisis. “There is a particular over-reliance on monetary policy in the advanced economies, and a lack
      367 words
    • Article
      Lock icon Supermax shares up on continued interest
      495 4  -  Tax audit, EPF sell-off followed owner’s ‘openness’ By S JAYASANKARAN in Kuala Lumpur GLOVE maker Supermax Corporation inched up 1.5 per cent to RM2 a share yesterday, reflecting continued investor interest despite incurring the state’s seeming displeasure over its ow-ner-shareholder’s open support for the
      495 words
    • Article
      Lock icon Deputy research chief denies influencing IME staffers’ evidence
      735 4  -  Concern at staff meeting stems from business standpoint SHANE TODD INQUIRY By NISHA RAMCHANDANI [SINGAPORE] Shane Todd’s supervisor at the Institute of Microelectronics (IME) yesterday denied trying to influence statements given by certain IME employees to the police, after it came to
      735 words
    • Article
      Lock icon S’pore crowned top convention city in Asia for 11th year
      409 4  -  It hosted record 150 events last year and is the only Asian city in world’s top 10 By NG ZHUO YANG [SINGAPORE] Singapore has maintained its position as Asia’s top convention city for the 11th consecutive year, latest global rankings
      409 words
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      73 words
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      180 3 OCBC PREMIER BANKING IIJOCBC Bank CO/ /O p.a. on a 4-month SGD Fixed Deposit when you invest or insure. i aptivatmg A rate you can’t keep your eyes off. With a minimum of S$200,000 in fresh funds, OCBC Premier customers can now get 5% p.a. on a 4-month SGD Fixed
      180 words
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  • COMPANY NEWS
    • Article
      Lock icon Q1 corporate earnings dip 3.5%
      805 5  -  But yield stocks, banks continue strong run on resilient earnings By CAI HAOXIANG SINGAPORE companies reported weaker profits for the first three months of the year as banks outperformed and transport and commodity companies disappointed. Data compiled by BT for companies with a financial first
      805 words
    • Article, Illustration
      Lock icon Sinarmas shares hit new high
      282 5  -  By VEN SREENIVASAN THE stock of Singapore-list-ed Sinarmas Land continued to be chased up to new recent highs by a market flush with liquidity and hungry for news. The stock of the Indonesian property developer rose 7.5 cents or 12.7 per cent to 66.5 cents
      Source: Bloomberg  -  282 words
    • Article
      Lock icon XMH soars on Koh Boon Hwee-linked deal
      559 5  -  By LEE MEIXIAN SHARES in XMH Holdings shot up to a five-year-high yesterday on news that a private equity fund linked to businessman Koh Boon Hwee has inked deals to pump $10 million into the company for an initial substantial stake of 8.6
      559 words
    • Article
      Lock icon Q1 results ended March 2013
      3140 8 NET PROFIT (S$M) TURNOVER (S$M) CURRENT COMPANY PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 DBS Grp 950.0 933.0 1.8 2317.0 2156.0 7.5 2 UOB 722.0 688.0 4.9 1672.0 1629.0 2.6 3 OCBC Bk 696.0 832.0 -16.3 1588.0 1797.0 -11.6 4 Wilmar Intl 391.5 317.7 23.3 *****.0
      3,140 words
    • Article, Illustration
      Lock icon Sembcorp postpones 2nd cogen plant
      524 9  -  But it will go ahead with $300m waste-to-energy plant as planned By RONNIE LIM SEMBCORP is holding off building an earlier-planned, second 400 MW cogeneration plant expansion on Jurong Island, given the looming overcapacity in power generation here. But it is still pushing ahead with
      PHOTO: BLOOMBERG  -  524 words
    • Article
      Lock icon Why See Hup Seng EGM was called
      521 9  -  By ONG CHOR HAO A CALL for an extraordinary general meeting (EGM) to remove the current managing director at See Hup Seng was triggered by concerns about the future of one of the company’s core businesses, The Business Times understands. Over the last
      521 words
    • COMPANY BRIEFS
      • Article
        Lock icon ComfortDelGro on expansion drive
        51 9 COMFORTDELGRO is buying Australian bus company Driver Group for about A$22 million (S$27 million). The acquisition to expand its Australian operations is subject to regulatory approval and is expected to complete in July. Driver Group operates five bus routes in Melbourne with a fleet of 42
        51 words
      • Article
        Lock icon CapitaLand in refinancing move
        69 9 CAPITALAND has proposed to issue $650 million in convertible bonds, subject to an upsize option of another $150 million. It is doing this to refinance existing debt and will use the balance for working capital. CapitaLand yesterday commenced an invitation to tender for repurchase for cash
        69 words
    • Article
      Lock icon Similarities found in two SMRT rail cracks
      382 9  -  By SAMUEL EE THE two rail crack incidents in three weeks on the North-South MRT line both occurred at rail joints welded between old and new rails by the same contractor. Rail operator SMRT Corp said yesterday that preliminary analysis revealed that the
      382 words
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      Lock icon Page 5 Advertisements Column 1
      144 5 singaporeair.com Trondheim Aalesund Turku Stockholm Helsinki Bergen Oslo Stavanger Kristiansand* Aalborg, TA,V\\): Aarhus• Billund si 'M 0 Your Window To Enchanting Scandinavia r y A 5, f y St ■m*. W v. ’ll’ 'sw: Sr. S?fe£"s WkmM Discover an array of irresistible experiences in Copenhagen with Singapore Airlines. With 5
      144 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI inches up to five-year high
      568 6  -  WE Holdings tops actives on planned Myanmar purchase, business sale; banks shrug off Deutsche Bank’s downgrade STOCKS KENNETH LIM Correspondent WE HOLDINGS rallied on a planned Myanmar acquisition, while the banks overcame a downgrade by Deutsche Bank as Singapore stocks set a five-year closing
      Source: Bloomberg  -  568 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 3 5 0 0 0 6 3 5 Manufacturing 54 56 44 8 7 11 62 63 55 Commerce 28 21 18 4 5 5 32 26 23 Tpt/Stor/Comms 17 15 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 78,841 78,841 103,557 103,557 Manufacturing 313,520 90,008 403,528 166,464 8,109 174,574 Commerce 563,385 360,765 924,150 214,559 39,331 253,890 Tpt/Stor/Comms 124,200 18,185 142,385 186,892 7,388 194,280 Finance 145,169 2,072 147,241 149,961 1,180 151,141 Construction 124,747 252,798
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 2.060 +0.030 CapitaLand 3.770 +0.020 CapitaMall 2.290 CityDev 11.130 +0.100 ComfortDelGro 2.090 DBS Grp 17.510 +0.050 GLP 2.980 Genting SP 1.510 Golden Agri 0.580 +0.005 HK Land 7.330 +0.120 HPH Trust US$ 0.835 +0.010 JMH 66.300 -1.320 JSH 39.990 -0.660 Jardine
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    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 May 20 VALUE CLOSE BT OB/OS 350.00 -1.00 BT CADI -*****.00 +51.00 BT 10-day MA -*****.00 +35.00 FTSE ST Mid Cap 849.22 +1.51 FTSE ST Small Cap 603.97 +3.17 FTSE ST All Share 850.41 +1.48 FTSE ST China Top 218.39 +1.37 FTSE ST China 249.05 +1.71 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME WE Hldgs 321,876,000 YHM 252,278,000 GSH Corp R 228,543,000 NexGenSCom 173,552,000 Innopac 129,250,000 Ntegrator 70,954,000 SingHaiyi 66,921,000 GSH Corp 62,267,000 AdvanceSCT 58,378,000 FDS Netw 57,222,000 VALUE($) JSH 122,788,565 SingTel 86,349,930 Keppel Corp 52,279,836 DBS Grp 47,765,740 UOB 39,557,490 WE Hldgs 35,901,214 Golden Agri 31,661,934 GLP 29,226,550
      55 words
    • BROKERS’ TAKE
      • Article
        Lock icon Tiger Airways
        314 6 May 20 close: S$0.66 OCBC Investment Research, May 20 TIGER Airways (TGR) reported a decent set of Q4 2013 results with revenue increasing 49.4 per cent y-o-y to S$240.6 million partly due to the lower base from Tiger Australia last year and core operating profit was positive for
        314 words
      • Article
        Lock icon Singapore Airlines
        263 6 May 20 close: S$10.85 DBS Group Research, May 17 OVERALL revenue grew just 1.6 per cent y-o-y to S$15.1 billion whilst only the group’s core passenger airline segment recorded slightly better results of S$187 million compared with S$181 million a year ago, whilst the other segments failed to
        263 words
      • Article
        Lock icon Ascendas Reit
        424 6  -  Compiled by LYNN KAN May 20 close: S$2.69 OSK Research, May 20 ASCENDAS Reit (AREIT) recently announced that it has entered into a conditional sale purchase agreement with GKE Private Limited (GKE) for the sale of 6 Pioneer Walk for $32 million. We viewed this sale positively as
        424 words
    • Article, Illustration
      Lock icon Yen gains slightly after minister’s comments
      528 6 CURRENCIES Reuters [NEW YORK] The yen rose from a 4-1/2-year low against the US dollar yesterday after Japan’s economy minister suggested that the currency might have weakened enough, prompting some investors to pare bets against it. The yen’s slight reprieve came after Economy Minister
      Reuters; PHOTO: REUTERS  -  528 words
    • Article
      Lock icon RISES
      119 6 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 1400.5 7.2 IS S&P500 ***** 174.3 0.8 DBXT FTChina25 10US$ 2914 62.7 1.7 DBXT MSJAP 10US$ 4702 50.2 0.9 DBXT AUDCS 5AU$ ***** 44.1 0.2 Lyxor China H 10US$ 1456 37.6 2.1 DBXT MSTHAI 10US$ 2376 36.4 1.2 DBXT MSKorea
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    • Article
      Lock icon FALLS
      122 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -288.4 -1.7 DBXT USDIGInfl 5US$ ***** -184.3 -0.5 JMH 6630 -165.5 -2.0 JSH 3999 -82.8 -1.6 Hyflux 6% CPS 10 ***** -55.0 -0.5 DBXT S&P Short 10US$ 2944 -48.9 -1.3 DBXT DBCBDJUBS 10US$ 3039 -41.4 -1.1 DairyFarm 1255 -20.1 -1.3 STXPO 100
      122 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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  • Page 9 Advertisements
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      267 9 InvestorRelationsHighlights Food Empire reported better 1Q2013 earnings Main-Board listed Food and Beverage Group Food Empire Holdings Limited (“FE”) announced a year-on-year increase in net profit after tax of 1 1.3% to US$5.5 million for its first quarter ended 31 March 2013. This came on the back of a 13.5% expansion
      267 words
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      Lock icon Page 9 Advertisements Column 2
      16 9 All forms of trading and investment carry risk. Such activities may not be suitable for everyone.
      16 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Singapore home for Asian economic research bureau
      619 10  -  Abfer formation is aimed at giving an intellectual boost to local financial sector By MALMINDERJIT SINGH SINGAPORE will play host to several of the world’s prominent finance and economics experts as they come together to form Asia’s largest economics research organisation here, aimed
      619 words
    • Article
      Lock icon Ex-GIC chief exec honoured by CFA Institute
      213 10  -  By BENJAMIN AW A FORMER chief executive of the Government of Singapore Investment Corporation (GIC) was given an honorary award for his work in integrating investment organisations and capital markets globally. Ng Kok Song, currently an adviser and chair of GIC’s global investments,
      213 words
    • Article, Illustration
      Lock icon Singapore GP eyes more local participation
      547 10  -  By SAMUEL EE FORMULA 1 race promoter Singapore GP is reaching out to more people this year to get them to be part of the sixth edition of the Republic’s iconic night race on the Marina Bay Street Circuit in September. It unveiled its
      547 words
    • Article
      Lock icon PM Lee makes official visit to Japan
      541 10  -  By CHUANG PECK MING PRIME Minister Lee Hsien Loong is due to leave for Japan this morning, his first official visit to the country at the bilateral level since 2009. A brief statement from the Prime Minister’s Office yesterday said that he would
      541 words
    • Article
      Lock icon Domestic wholesale trade down 7.3% in Q1
      407 10  -  By MALMINDERJIT SINGH DOMESTIC wholesale trade fell by 7.3 per cent in the first quarter of 2013 compared to a year ago, partly due to a decline in the sales of petroleum and petroleum products, although firms had better fortune with sales overseas.
      407 words
    • Article
      Lock icon StanChart chief cashier charged
      288 10 THE police yesterday identified the bank employee that is accused of criminal breach of trust involving half a million dollars. Koh Mui Hoong, 47, is the chief cashier at Standard Chartered’s Serangoon Gardens branch, according to a charge sheet. She was charged yesterday in court with
      288 words
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      57 words
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  • SME Inc
    • Article, Illustration
      Lock icon Growing a rice brand from scratch
      1287 11  -  Songhe rice, one of Singapore’s more trusted brands, owes much of its success to a committed sales force, reports BENJAMIN AW BENJAMIN AW SINGAPOREANS are hungry for rice, with the grain holding the number one position among all things Singaporeans consume. Few, however, would
      PHOTO: ARTHUR LEE  -  1,287 words
    • Article, Illustration
      Lock icon Figure out consumer mood swings
      664 12  -  When people are in a transient emotional or biologically ‘hot’ state, they may make decisions that are costly THE VIEW FROM NTU PROFESSORS By NGUYEN DUC QUANG Nguyen Duc Quang is assistant professor at the Division of Economics in the School of Humanities and Social
      PHOTO: AFP  -  664 words
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      65 11 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      65 words
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      Lock icon Page 11 Advertisements Column 2
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      338 words
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      251 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Subsidised petrol price hike in budget
      382 13 Reuters [JAKARTA] Indonesia’s 2014 budget proposals assume there will be a 45 per cent rise in the price of subsidised petrol, a move widely seen as essential to relieve mounting pressure on the state finances. The government has been agonising for months over how
      Reuters  -  382 words
    • Article, Illustration
      Lock icon M’sia’s economy seen picking up in H2 2013
      319 13 [KUALA LUMPUR] The Malaysian economy will pick up pace and grow further in the second half of this year following the moderate performance in the first quarter, said a leading banker, according to the Business Times in Malaysia that carried a report
      FILE PHOTO  -  319 words
    • Article, Illustration
      Lock icon Indonesia names new finance minister
      585 13 The investment chief’s appointment is widely applauded by economists Reuters [JAKARTA] Indonesia named its respected investment chief as finance minister yesterday as South-east Asia’s biggest economy grapples with slowing economic growth and how to bring down the massive cost of fuel subsidies. The appointment of
      Reuters; PHOTO: AFP  -  585 words
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      102 13 INVEST IN BOOMING DUBAI Own an exclusive designer apartment with everlasting sea views in Dubai Marina, interior design by Fendi Casa FROM SGD 775,000 rx b in iriwiB! m FENDI CASA Own a Hollywood inspired luxury hotel apartment by Paramount in the Burj Khalifa area, Dubai FROM SGD 674,000 ft
      102 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Chinese turn to cheap chic shopping in HK
      905 14 Day trippers from mainland looking for bargains rather than luxury goods Reu ters [HONG KONG] Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong,
      Reuters; PHOTO: REUTERS  -  905 words
    • Article
      Lock icon Dispute leaves NZ meat stranded on Chinese docks
      366 14 Technical hiccup that can be resolved this week: PM John Key AP [WELLINGTON] Hundreds of tonnes of frozen mutton, lamb and beef from New Zealand have been stranded on Chinese docks after China halted certain imports from the country due to a
      AP  -  366 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China Railway’s entertainment bill causes stir
      714 15  -  837m yuan expense translates to almost 2.3m yuan per day; 10% of total profit By VIVIAN CHUNG EJ Insight [HONG KONG] Last week was the darkest period for China Railway Construction Corp (CRCC) since its listing in 2008. And it was not because of
      EJ Insight  -  714 words
    • Article
      Lock icon Investor scheme set for year-end launch
      397 15  -  By JEFF PAO EJ Insight [HONG KONG] A domestic investor scheme that allows qualified individual mainland Chinese to buy overseas bonds and stocks could be rolled out by the end of the year, Guotai Junan International Holdings Ltd said. Details of the qualified domestic
      EJ Insight  -  397 words
    • Article
      Lock icon Indian govt bonds rally as lower inflation points to rate cuts
      475 15 Notes outperform those in four biggest emerging markets Bloomberg [MUMBAI] Indian government bonds are rallying the most since 2008 as the biggest decline in inflation in four years gives central bank Governor Duvvuri Subbarao more room to lower interest
      Bloomberg  -  475 words
    • Article, Illustration
      Lock icon Border dispute sidelined as China premier visits India
      562 15 Leaders focus on raising bilateral trade, boosting economic ties Bloom berg [NEW DELHI] India and China sought to draw a line under a military stand-off along part of their disputed border, agreeing to accelerate talks on a settlement and boost trade that
      Bloomberg; PHOTO: AP  -  562 words
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      82 15 m illuaiju illuciyu. Seize business opportunities with illuaiju. The mobile app that lets you translate business terms from English to Chinese, illuoyu is now available for FREE download on iPhone (improved version) and Android devices. 3 shang e ji business opportunities |i rj t/l shang fi MANDAmN zmimu k°r4\i COUNCIL
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  • ECONOMY WATCH
    • Article
      Lock icon Thai Q1 growth falls below expectations
      641 16 Interest rate cut widely expected this month after GDP slowdown to 5.3% Bloomberg [BANGKOK] Thailand’s government lowered its full-year growth forecast after the economy expanded less than analysts estimated last quarter, boosting the case for the central bank to cut interest rates. Gross domestic
      Bloomberg  -  641 words
    • Article
      Lock icon A rate cut won’t ease Thailand’s economic problems
      386 16  -  By ANDY MUKHERJEE REUTERS BREAKINGVIEWS [SINGAPORE] Thailand’s banks should brace themselves for a bad hangover. The economy is slowing faster than expected, increasing the political pressure on the central bank. If it cuts interest rates on May 29, local depositors will feel
      REUTERS BREAKINGVIEWS  -  386 words
    • Article, Illustration
      Lock icon Foreign investment flows into Japan remain a trickle
      870 16 Barriers like red tape abound despite bids to ramp up FDI Reu ters [TOKYO] Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades. Prime Minister
      Reuters  -  870 words
    • Article, Illustration
      Lock icon Fed may dial down QE3 sooner if job market sustains gains
      849 16 Bernanke will however stick to a variable policy Reuters [NEW YORK] The beginning of the end of the Federal Reserve’s massive bond-buying programme might come sooner than many investors think if recent gains in the US labour market do
      Reuters; PHOTO: AP  -  849 words
  • Page 16 Advertisements
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      65 16 THE PEAK SELECTIONS GOURMET TRAVEL 4 Eif Ai 1 SMALL WONDERS Mini greens are the next big culinary trend CHEF CREATES CUTTING- I EXPERTS PICK THE "IT" I G RESTAURANT AWARDS: EDGE FOOD WITH SOIL TRAVEL DESTINATIONS HONOURING THE REST AND THEE BARK OF THIS YEAR I OF2013 A PUBLICATION
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      71 16 Creating Experience. Value. Partnerships We bring Inspiration, Innovation, Value to your business! FUTURE TRAN ASIA 2013 We help you make a mark in the transport sector: Airport Terminals Aviation Rail Road Find out how to target your market today. Organised by: sphere SINGAPORE PRESS HOLDINGS Find out more about the
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  • WORLD
    • Article, Illustration
      Lock icon Regulators can’t keep pace with hi-tech trading
      930 17 Possible regulatory changes on the cards to prevent violent market moves Reuters [CHICAGO] Financial trading in world markets has grown so lightning-fast that effective regulation is growing tougher by the second, increasing the threat of crashes sparked by hoaxes, electronic glitches or yet-un-known
      Reuters; PHOTO: AP  -  930 words
    • Article, Illustration
      Lock icon Yahoo spends US$1.1b to woo cool, young users
      778 18 Blogging network Tumblr is Mayer’s new target in bid to turn around Yahoo Bloomberg [SAN FRANCISCO] Yahoo is buying blogging network Tumblr for about US$1.1 billion, confirming weekend reports of the tie-up as chief executive officer Marissa Mayer seeks to lure users
      Bloomberg; PHOTO: AFP  -  778 words
    • Article
      Lock icon First Myanmar leader to visit US in 50 years
      686 18 AFP [WASHINGTON] Myanmar President Thein Sein is slated to become the first leader of his country to visit the White House in nearly half a century, in one of the most symbolic US gestures yet to support his reforms. In a
      AFP  -  686 words
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      Lock icon Vietnam faces risk of macroeconomic instability
      422 18 property stocks. Bloomberg, Reuters [HO CHI MINH CITY] Vietnam still faces “great risk” of macroeconomic instability, a deputy premier said, as credit growth trails targets while banks work to reduce elevated bad debt that has hampered growth. While Vietnam is targeting a 12 per
      property stocks. – Bloomberg, Reuters; PHOTO: AFP  -  422 words
    • Article
      Lock icon Silver slumps to lowest since Sept 2010 as gold keeps sliding
      519 18 Industry slowdown, equity rally eat into precious metals Bloomberg [LONDON] Silver slid to the lowest since September 2010, sending its ratio to gold to the highest in almost 33 months, while bullion extended the longest slump in four years
      Bloomberg  -  519 words
    • Article
      Lock icon JPMorgan sees earnings drag for emerging stock markets in 2013
      227 18 Bloomberg [LONDON] Emerging-mar-ket stocks face fundamental headwinds as 2013 earnings revisions for most major “country sectors” are negative and growth in the four biggest economies is disappointing, according to JPMorgan. “We remain concerned that earnings-per-share forecasts will continue to fall,”
      Bloomberg  -  227 words
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      Lock icon JP Morgan’s Dimon faces investor vote
      1113 19 Shareholder groups are calling for the bank to strip him of his chairman job AP [NEW YORK] Jamie Dimon, chairman and CEO of the biggest US bank, faces a key test this week: His shareholders are voting on whether to let him keep both
      AP; PHOTO: REUTERS  -  1,113 words
    • Article
      Lock icon Germans blame euro crisis for Eurovision debacle
      238 19 Reuters [BERLIN] Germans lamented their unexpectedly poor showing at the Eurovision Song Contest, blaming Chancellor Angela Merkel’s tough stance in the eurozone crisis for their failure to win any points from 34 of the 39 countries voting. Denmark’s Emmelie de Forest won the
      Reuters  -  238 words
    • Article
      Lock icon Japanese investments abroad increase as stimulus kicks in
      816 20 But rising JGB volatility, higher interest rates may affect economy Bloomberg [TOKYO] Investors are starting to flee what used to be the slowest-moving major debt market after Bank of Japan (BOJ) governor Haruhiko Kuroda’s stimulus caused price swings to increase by the
      Bloomberg  -  816 words
    • Article
      Lock icon A sobering reality check for booming US shale oil industry
      991 20 Reuters [HOUSTON] For the past three years, the boom in the US shale oil industry has outstripped all expectations. Production surged far faster than any forecasts; drillers raced to secure space in new pipelines to get their crude to market.
      Reuters  -  991 words
    • Article, Illustration
      Lock icon Aston Martin sets US$4.85m record
      581 20 [LONDON] An Aston Martin DB4 set an auction record of US$4.85 million for the “James Bond” maker in a weekend sale as even wrecks found in barns sold for above- estimate prices. A 1964 DB5 discovered after three decades in an old garage with a
      PHOTO: BLOOMBERG  -  581 words
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      Lock icon UK govt backs move for non-bank loans for SMEs
      613 20 Reuters [LONDON] British firms should look for funding outside the banking sector, Business Secretary Vince Cable said yesterday, marking the latest effort to generate growth among small and medium-sized enterprises (SMEs). Faced with a barely growing economy, the government has targeted
      Reuters; PHOTO: REUTERS  -  613 words
    • Article
      Lock icon Several US firms face probe over investments
      183 20 Reuters [NEW YORK] New York’s top financial regulator has sent subpoenas to several firms seeking information on investments that guarantee steady payments to hundreds of thousands of retirees and other consumers, The Wall Street Journal said yesterday, citing people familiar with the inquiry.
      Reuters  -  183 words
    • Article, Illustration
      Lock icon Japanese biotech plays surge on Abe push into healthcare
      787 21 Abenomics’ liquidity boost also drawing investors into speculative plays Bloomberg [TOKYO] Japanese biotech ventures promising to make jet fuel from algae and to produce synthetic cartilage are soaring in Tokyo trading as cash pumped into the economy by the central bank
      Bloomberg; PHOTO: BLOOMBERG  -  787 words
    • Article
      Lock icon Goldman Sachs in Japan green power ventures
      427 21 Move follows similar investments in US and India firms AFP [TOKYO] US investment banking giant Goldman Sachs said yesterday that it will start investing in Japanese renewable energy projects, with a reported US$2.9 billion outlay over the next five years. The injection comes
      AFP  -  427 words
    • Article, Illustration
      Lock icon Insider trading probe: Cohen asked to testify before grand jury
      553 22 NYT [NEW YORK] Steven Cohen has received a subpoena to testify before a grand jury in the government’s insider trading investigation into his hedge fund, SAC Capital Advisors, a development that signals a newly aggressive phase in the multi-year inquiry,
      NYT; PHOTO: REUTERS  -  553 words
    • Article
      Lock icon EU cites Huawei, ZTE for trade violations
      984 22 Official prepared to launch formal probe into anti-competitive behaviour by firms Reuters [NEW YORK] Europe’s top trade official, for the first time, officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-sub-sidy guidelines. European Union Trade Commissioner
      Reuters  -  984 words
    • Article, Illustration
      Lock icon Chances of bipartisan deal on tax reforms fade
      820 22 Reuters [WASHINGTON] The chances of a deal between Democratic and Republican lawmakers that would overhaul the US tax system, trim government spending and reform safety net spending programmes ap- pear to be fading. A sudden improvement in the outlook for the US
      Reuters; PHOTO: AP  -  820 words
    • Article
      Lock icon Cellphones transform financial services in Asia
      330 22 AFP [BANGKOK] Asia’s mobile revolution is set to transform the region’s financial services industry, offering a cheap way for millions of migrant workers to send money home to their families, a report said yesterday. Nearly 60 million migrant workers from the Asia-Pacific region sent
      AFP  -  330 words
  • Page 17 Advertisements
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      1955 17 WATO NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF LEO LAUNCHES PRIVATE LIMITED (Registration No. *****0641Z) (IN MEMBERS’ VOLUNTARY WINDING-UP) NOTICE OF RESOLUTIONS (Pursuant to Section 290(2)(b)) At an Extraordinary General Meeting of the abovenamed Company held
      1,955 words
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      83 18 420' ronten er d o J 73 f 3 Yrs. Odd uw°S ep a( Sl.4Xm. P Ubl MR T. Ask F 'WOLD/ in nnn MacPh-ersonRH 0 M SF °ff 81 Light Ind p£L Near MR T. Suit redevt f ratio 2.5. PR/MAX@ Mpp dawa P'hold B1 ramn YA Leban Condo-iik
      83 words
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      142 19 ‘s'? r: h Ca •5? s sa r *rv h j r .-£■1 '-=-r m iff fl t X sUsddijstj ‘/ha ffi/jp/ to ijjis/p/jsjjrjjj tiioojkrjoo 'V, Do you lead a local enterprise that has soared to new heights of excellence? It is time to be recognised. Chart new business frontiers
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      17 20 E$A" /#604 %?4:8421%#H?I4 780K26F#H*****F J86)2%?H (=< F0?H 40b yuan G!3+5’*&;> B.L(==,@DTo subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      116 21 THE GREAT DIGITAL SALE 70% OFF YOUR FAVOURITE MAGAZINES when you subscribe to 12 issues of the digital edition now! C isCTalm BUILD Fab AN 8 PACK OR BODY Mens altu N JUST Wi i.KS BUILD HOW i I ah mm MACraANFROM A MAGICIAN) $21.90* (UP $72) $21.90* (UP $72)
      116 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Changi seeks growth through handling more high-value cargo
      662 23 It expects to process more vaccines and test drugs, as well as perishable goods Bloomberg [SINGAPORE] Changi Airport, South-east Asia’s largest freight airfield, plans to attract more gold bars, tuna and vaccines to Singapore as it seeks to increase handling of high-value
      Bloomberg; ST FILE PHOTO  -  662 words
    • Article
      Lock icon United’s 787 to take friendly skies again
      440 23 AP [CHICAGO] United Airlines is getting its 787s back in the air. The planes are returning after being grounded for four months by the federal government because of smouldering batteries on 787s owned by other airlines. The incidents included an emergency landing of
      AP  -  440 words
    • Article
      Lock icon TRANSPORT STOCKS
      244 23 SGX '000 May 20 S$ +/-Vol CH Offshore 0.46 unch 86 Chuan Hup Hldg 0.29 0.03 1529 Cosco Corp 0.82 0.01 1607 S$ Ezra Hldgs 1.02 unch 1413 First Ship Lea CH Offshore Freight Links 0.09 unch 4698 Grand Banks............unch unch 0 Jaya Hold Ltd 0.61 -0.01 444
      244 words
    • Article
      Lock icon Airline emissions deal may not be ready before EU deadline
      902 23 Many unresolved issues confront UN agency ICAO Reuters [MONTREAL] Hope is fading for a global deal to regulate the airline industry’s greenhouse gas emissions ahead of a fall deadline, even though failure could push the industry back to the brink
      Reuters  -  902 words
    • Article, Illustration
      Lock icon NYK shares up 11% on surge in LPG freight rates
      369 23 Bloomberg [TOKYO] Nippon Yusen KK, the world’s largest publicly traded operator of liquefied petroleum gas ships, surged the most in more than four years in Tokyo after a record weekly advance in rates for carrying the cargo. Nippon Yusen rose
      Bloomberg; PHOTO: BLOOMBERG  -  369 words
  • Page 23 Advertisements
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      167 23 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE BUSINESS PLAN 2013 To enable the feeder operators to maintain the level of service demanded of them and to bring rates to more sustainable and realistic levels, the following participating feeder operators wish to inform the trade that they will be implementing
      167 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      337 23 CRYPTIC CROSSWORD Across 1 Communication as result of period of chaos? (7) 9 Usual book for service in church (8) 10 Relation with a rarely empty storehouse (7) 11 Total show of hesitation by Tory user (8) 12 Main place of work (3,3) 13 Even a horrible smell is short-lived
      337 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Stop manipulating currency markets
      498 24 EDITORIAL THE notion that currency exchange rates are, or should be, “market-determined” is fast becoming a nonsense as advanced economies manipulate their currencies downward by means of monetary easing while emerging economies are forced to accept currency appreciation. The foreign exchange market may still set rates
      498 words
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      Lock icon Scandals may make Obama a dead-duck president
      805 24  -  THE BOTTOM LINE LEON HADAR Washington Correspondent WHENEVER a “gate” as in Watergate or Irangate or Monicagate gets stuck to a lot of what his administration has been doing, an American president starts to feel that he is in Big Trouble or at
      805 words
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      Lock icon Let’s adhere to New Deal for fragile states
      986 24  -  Conflict-stricken, fragile countries should be allowed to determine their own destinies By ERIK SOLHEIM The writer, a former Norwegian minister of development and the environment, is chair of the OECD Development Assistance Committee Project Syndicate TODAY, roughly one-quarter of the world’s population
      Project Syndicate; PHOTO: REUTERS  -  986 words
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      Lock icon Restoring trust in financial reporting
      1202 25  -  Accounting profession should stand up for the rules it promulgates, and defend firms that comply with those rules By THAM SAI CHOY The writer is chairman of the Financial Reporting Committee, Institute of Certified Public Accountants of Singapore NOT long ago, Olam came under intense
      PHOTO: REUTERS  -  1,202 words
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      Lock icon Retailers, travel firms cash in on Chinese tourist surge
      641 25  -  By LOUISA CHEANG The writer is group general manager and regional head of reta il banking wealth management, Asia-Pacific, HSBC GLOBAL retailers and travel companies are vying to capitalise on a surge of Chinese tourists, one of the most visible symbols
      641 words
    • Article
      Lock icon Roman centurions and the price of gold
      637 25  -  By CLAUDE B ERB, CAMPBELL R HARVEY The writers are a Los Angeles based retired fixed income and commodity manager and professor of finance at Duke University, Durham, North Carolina, respectively. Their research is available at http://ssrn.com/abstract=*****35 ON August 23, 2011, the price
      637 words
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  • Article
    Lock icon Shipping Times
    1480 26 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
    1,480 words
  • Page 26 Advertisements
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      95 26 Shipping lines! Canthey seeking reliable! find your logistics partners I I Shipping J Times? SS TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES i nc uujimcjj i iivicj Shipping Times PLACE YOUR AD HERE THE BUSINESS TIMES Shipping times CALL JOE WONG AT 9620 1327 PLACE YOUR
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3221 27 Transaction date: May 20 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote 10.4 7 AEM --AAT C'vr 188 106 AIMSAMPIReit 186 +0.5 643 187 185
      3,221 words
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      Lock icon SGX CATALIST
      177 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil +0.2
      177 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10490 28 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian local Ccy SD Bond 1 0171/ Asian Smaller Cos!” 2 1334/
      10,490 words
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      Lock icon GLOBALQUOTE
      262 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A41 +0.5 135 42 40 41 41.5 3.6 8.5 3.3 149.5 52 30 Genting HK US$ US51.5 +0.5 6397 52 51 51 51.5 3391
      262 words
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      Lock icon SGX ETF
      933 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 143 120.4 CIMB APAC Div 100S$D 143 145.1 146 114.4 95.8 CIMB APAC Div 100US$ US114.4 115.6 116.4 12 1491 1246 CIMBASEAN40 100S$D 1485 -6
      933 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      640 29 May 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.61 *****.74 *****.80 Jun13 *****.00 *****.00 *****.00 *****.00 *****4 *****6 Sep13 *****.00 *****.00 *****.00 *****.00 1429 ***** MSCI TAIWAN INDEX FUTURES SPOT 301.64 302.24 300.50 May13 302.50 303.20 300.20 302.30 ***** *****9 Jun13 302.40
      640 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr May 17 Index Change Change Change Change Change Change World Preliminary 1091.2 0.4 16.3 0.5 15.9 0.0 12.7 EAFE Preliminary 915.5 0.4 18.2 0.0 13.2 -0.5 10.0 Europe Preliminary 1285.0 0.4 12.0
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 29 May 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.005 6.005 0.760 7.592 53.805 95.428 1.003 10.923 2.954 1.203 96.250 40.279 1.227 9.201 0.948 29.360 29.174 0.643 0.978 Canada 0.995 5.973
      471 words
    • Article
      Lock icon SIBOR
      64 29 May 20 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
      64 words
    • Article
      Lock icon PRECIOUS METALS
      135 29 May 20 GOLD(US$/oz) May 16 May 20 Hong Kong 1389.00 1364.00 May 16 May 17 London 1389.30 1363.86 1390.05 1364.63 Source: Thomson Reuters CAST BAR May 20 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 123 54 5gm 348 272 10gm 622 544
      135 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 29 May 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 22-Aug-13 0.24 6-Month BS*****V 15-Nov-13 0.26 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-13 100.06 5-Year N*****0T 2.375 01-Apr-17 99.75
      90 words
    • Article
      Lock icon PALM OIL
      57 29 May 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 13 2337.0 2330.0 2344.0 2326.0 237 2233 Jul 13 2345.0 2344.0 2358.0 2342.0 7931 ***** Aug 13 2334.0 2335.0 2352.0 2332.0 ***** ***** Sep 13 2324.0 2327.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 29 May 20 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2260 1.2274 0.9778 0.9782 Canadian dollar 1.2194 1.2210 0.9730 0.9726 Euro 1.6129 1.6144 1.2864 1.2866 NZ dollar 1.0192 1.0207 0.8129 0.8134 Sterling pound 1.9058 1.9077 1.5200
      156 words
    • Article
      Lock icon CHICAGO BOT
      109 29 May 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1448.50 1427.50 1450.00 1424.00 Aug 13 1378.50 1354.00 1379.50 1350.00 Sep 13 1289.50 1271.50 1290.50 1266.00 Nov 13 1228.25 1217.50 1229.00 1211.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13
      109 words
    • Article
      Lock icon LIFFE
      95 29 May 17 COCOA (£/tonne) Close Prev High Low Jul 13 1549 1529 1555 1521 Sep 13 1555 1535 1561 1528 Dec 13 1556 1538 1561 1530 Mar 14 1548 1529 1553 1522 COFFEE(US$/tonne) Close Prev High Low May 13 2007 2016 2022 2008 Jul 13 2037 2046 2051 2033
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1051 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Acma Ltd. W*****6 Conv Ratio Exer Asiatravel.com HoldingsW*****7 1 1 25 14 Asiatravel.com HoldingsW*****5 2.2 1 27 38 Disc Best World Intl Ltd W*****5 Expiry BiosensoBPeCW*****2 ing Left Acma Ltd. W*****6
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS May 17 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 104.15 -0.12 WTI (Near Mth) 96.05 0.97 Dubai (1-Mth F) 101.00 1.20 Tapis blend 109.19 0.93 Minas 102.19 0.93 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.19 1.30 Jet Kerosene 116.42 1.78 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 May 20 S$ Bid Offer 1-month 1.2538 1.2548 2-months 1.2537 1.2548 3-months 1.2537 1.2548 6-months 1.2534 1.2551 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 29 May-17 May-17 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1820.00 1825.25 3 months 1849.00 1852.00 Copper, Grade A(US$/tonne) Cash 7274.50 7250.75 3 months 7305.00 7280.00 Lead(US$/tonne) Cash 2006.25 1985.00 3 months 2014.00 1993.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.50 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am May 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.255 1.196 Can dollar 1.244 1.197 Euro 1.650 1.572 Sterling pound 1.943 1.869 NZ dollar 1.042 1.002 US dollar 1.283 1.222 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 29 May 20 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ 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
      157 words
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  • PROPERTY
    • Article, Illustration
      Lock icon JLL’s latest acquisition: Halcyon Real Estate
      532 30  -  Move is part of firm’s strategy of growing its business here By MINDY TAN IN the latest of a series of acquisitions, Jones Lang LaSalle (JLL) has acquired Halcyon Real Estate, a Singapore-based boutique real estate firm, for an undisclosed amount. The acquisition of
      532 words
    • Article, Illustration
      Lock icon Battersea site in London attracts £681m in home sales
      468 30 Buyers reserved 95% of units since January: developer Bloomberg [SYDNEY] London’s Battersea Power Station site has attracted buyers who have reserved about 95 per cent of apartments and townhouses worth about £681 million (S$1.3 billion) since January, according to the developer.
      Bloomberg; FILE PHOTO  -  468 words
    • Article, Illustration
      Lock icon UK home sellers raise asking prices to record in May
      749 31 Credit-easing, govt’s pledge to help homebuyers may be boosting confidence Bloomberg [LONDON] UK home sellers raised asking prices for a fifth consecutive month, pushing values to a record and giving the market its best start to a year since 2004.
      Bloomberg; PHOTO: BLOOMBERG  -  749 words
    • Article, Illustration
      Lock icon Foreigners’ share slips in private home deals
      1014 32  -  April’s fall to 20.8% follows recovery to 26.7% in March from Feb’s 23.3% By KALPANA RASHIWALA THE proportion of private home transactions involving foreign buyers (including Singapore permanent residents, or PRs) slipped to 20.8 per cent in April, after recovering to 26.7 per
      FILE PHOTO; Source: URA Realis (data downloaded as at May20, 2013), Knight Frank Research  -  1,014 words
  • Page 30 Advertisements
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      83 30 PROPERTY RENTAL YIELD TOOL How much returns can you get from your property investment? Key in asking price of the property of your choice and the estimated asking rent, and we’ll do the rest! www.stproperty.sg/property-rental-yield Property Rental Yield Tool J3 f At STProperty.sg, your ideal property isn’t hard to find.
      83 words
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      Lock icon Page 30 Advertisements Column 2
      52 30 Residential Site At Hillview Terrace Site area 10,087 sf approx MP 2008 Resl, PR 1.92 Tranquil setting next to Little Guilin Tender Closing: Tues, 4 June 2013, 3 pm Not To Scale. For Reference Only Investment Advisory Services Tel: 6293 3228 DTZ Debenham Tie Leung (SEA) Pte Ltd CEA Licence
      52 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      242 31 J L°“ sale LEASEBACK OPPORTUNITY Real value in a changing world BY EXPRESSIONS OF INTEREST (EOI) 508 CHAICHEE LANE Prominent 7 storey light industrial (B1) building Excellent visibility from Pan Island Expressway Existing Approved Plot Ratio: 2.88 Land Area: 113,689 sqft Gross Floor Area: 325,575 sqft Balance 47 years 5
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