The Business Times, 29 May 2013

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Total Pages: 48
1 48 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, May 29, 2013
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  • 947 1  -  10 websites to be licensed; foreign websites targeting S’pore market may be regulated from next year By TEH TEH SHI NING [SINGAPORE] News websites that report regularly on Singapore and have a local reach of 50,000 or more will need to
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  • MARKETS DIGEST
    • 65 1 GST INDEX 3,406.08 (+14.78) GST INDEX FUTURES 3,406.00 (+15.00) GSIMSCI 381.93 (+0.85) GSIMSCI FUTURES 382.00 (+0.70) US$ S$ US$ (S$ per US$) 1.265 (US$/S$ per 1.509 1.908 EURO (US$/S$/€ 1.291 1.632 Foreign currency per US$ S$ YEN 102.20 80.80 RM 3.041 2.405 HK$ 7.764 6.139 BAHT 30.00 23.72 RUPIAH
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    • 48 1 Tuesday Change KL COMP 1,776.16 +9.03 NIKKEI 225 14,311.98 +169.33 HANG SENG 22,924.25 +238.20 SET INDEX 1,619.57 +26.47 JAKARTA COMP 5,176.23 +91.10 MANILA COMP 7,113.22 +15.71 SEOUL COMP 1,986.22 +6.25 SHENZHEN B 873.11 +9.97 MUMBAI IND 20,160.82 +130.05 12noon EDT Change DOW 15,446.64 +143.54 NASDAQ 3,498.07 +38.93
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    • 20 1 SINGAPORE MALAYSIA MALAYSIA 6.55 HONG KONG 5.00 INDONESIA KOREA TAIWAN 5.036 JAPAN CANADA KOREA 9.33 BRITAIN Source: Bloomberg
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  • 746 1  -  Boost for electronics sector as company says it will hire 300 engineers this year By AMIT ROY CHOUDHURY [SINGAPORE] In a sign that the Singapore electronics sector may be on its way to recovery, mainboard-listed Stats ChipPAC announced yesterday that it would be hiring
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    • 119 1 MOTORING Used car dealers wary of acquiring new stock PAGE 4 COMPANIES All eyes on how SPH will deploy proposed Reit proceeds PAGE 6 SPECIAL FOCUS FICS Awards 2013 PAGES 24-33 SHORTAGE OF LAWYERS Singapore to open third law school PAGE 2 FORWARD THINKERS DHL Express Singapore on moving with
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  • TOP STORIES
    • 1049 2  -  Move is one of many to increase supply of lawyers here to meet growing demand By MICHELLE QUAH [SINGAPORE] Singapore will be opening a third law school, catered to those interested in pursuing a career in “community law” that is, those who will service
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    • 504 2  -  By TEH SHI NING [SINGAPORE] Singapore’s latest media regulatory changes come as governments abroad and their key media industry players are debating how best to uphold media standards, especially as more news is being delivered and consumed over the Internet. In the UK, the
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    • 494 2 Singapore to regulate online news websites from June 1 NEWS websites which report regularly on Singapore and have a local reach of 50,000 or more will need to be individually licensed from June 1. While the new ruling applies only to websites based in Singapore for now, more
      494 words
    • 806 2  -  NCPG eyeing those who visit at least 6-10 times a month By GRACE LEONG [SINGAPORE] To save financially vulnerable gamblers from their own addiction, visit limits will be set to cap the number of times an individual may frequent the casinos at both
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    • 602 2 Home prices jump 10.9% in March, the most since April ‘06 LATEST US DATA Bloomberg AP [WASHINGTON] Confidence among US consumers climbed in May to the highest level in more than five years as views on the economy and labour market improved.
      Bloomberg; AP  -  602 words
    • 475 4  -  Tharman: Financial co-operation increasingly important pillar of bilateral ties By SIOW LI SEN [SINGAPORE] The Monetary Authority of Singapore, which already enjoys a warm relationship with the People’s Bank of China, will step up engagement with other Chinese regulators in line
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    • 531 4  -  Hump over trade-in deals constrains new car sales By SAMUEL EE [SINGAPORE] Used car stocks are low not because owners are not selling their cars but because dealers are reluctant to buy them, according to some people in the motor industry. “It
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    • 455 4  -  No downpayment needed, lease term is longest in market By SAMUEL EE [SINGAPORE] Mer-cedes-Benz is driving around tough car loan curbs by offering an alternative to ownership and a hefty downpayment a sev-en-year lease programme, the longest in the market. Mercedes-Benz Financial Services (MBFS), the financial
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  • COMPANY NEWS
    • 380 6  -  This translates to an EPS of 3.07 cents, up from 1.96 cents last year By ONG CHOR HAO MAINBOARD-listed Tat Hong has posted an almost two-third increase in fourth quarter net profit, on the back of higher revenues and lower expenses. The
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    • 612 6  -  Both cite rentals and new boutiques as adding to expenses By GRACE LEONG LUXURY watch retailer The Hour Glass reported flat earnings for fiscal 2013 while Cortina Holdings saw its net profit plunge even as consumer sentiment softens in the face of an uncertain
      BT FILE PHOTO  -  612 words
    • 599 6  -  By KENNETH LIM SHARES in Singapore Press Holdings (SPH) rose 8 cents yesterday as the media and property group moved a step closer to listing its mall assets, but questions remained about how the company will deploy an expected $757
      Source: Bloomberg; ST FILE PHOTO  -  599 words
    • 358 6  -  By KALPANA RASHIWALA PROPERTY group Bukit Sembawang, which released its fourth quarter and full-year results yesterday, said it expects residential property market conditions to be challenging in the year ahead. “Successive cooling measures introduced by the Singapore government have dampened buying sentiments in the
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    • 473 7  -  Full-year earnings up 5% at $41.4m; final dividend of 1.01 cents proposed By ONG CHOR HAO RETAILER Courts Asia has posted a fourth-quarter net profit of $12.6 million, 19 per cent lower than the $15.6 million a year ago. This translates to an earnings
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    • 463 7  -  But people ‘with knowledge of the matter’ are saying plenty: Bloomberg By JOYCE HOOI MARKET talk about SingTel’s sale of its Australian satellite unit heated up this week with the asset taking on a purported price tag of “more than A$2 billion”,
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    • 273 7  -  By VEN SREENIVASAN GLOBAL Yellow Pages cited restructuring and impairment costs for a net loss attributable to equity-holders of $124.3 million for the full year ended March 31, 2013. This compares with a net profit of $4.2 million for the preceding financial year. Including
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    • 350 9  -  Revenue surges to US$907,000 on higher forestry activities By LEE MEIXIAN UNITED Fiber System yesterday posted a net profit of US$15.6 million for its first quarter ended March 31, 2013, on the back of a US$16.9-million gain on the deconsolidation of its
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    • 298 9  -  By KENNETH LIM CHINA Animal Healthcare is seeking shareholder approval to delist from the Singapore Exchange in favour of Hong Kong and to carry out a share buyback offer at 30 cents apiece. The supplier of drugs for animals requires the goahead from
      298 words
    • COMPANY BRIEFS
      • 77 9 WATER treatment company United Envirotech posted a 196 per cent jump in net profit to $31 million for the year to March 31, from $10.5 million a year ago, as revenue grew 117 per cent to $185 million, from $85.3 million a year ago.
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      • 38 9 LC Development made a profit selling a 22,388 sq m plot in Phuket for the equivalent of $8.23 million. The carrying value of the land at March 31 was $4.10 million.
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      • 46 9 INFORMATICS posted a profit of $2.88 million for the year to March 2013, down 5 per cent from a year ago, due to the absence of tax refunds from the prior year. Revenue was $28.73 million, down 12 per cent.
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      • 35 9 HIAP TONG posted full year attributable earnings of $4.74 million, up 71 per cent from the previous year. Revenue totalled $38.5 million, up from $27.1 million a year ago.
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      • 50 9 TRADING in the shares of Pertama Holdings remains suspended as the total number of shares held in public hands remains at 7.77 per cent, below the 10 per cent minimum required by the SGX. The company’s controlling shareholder is Harvey Norman Ossia (Asia) Pte Ltd.
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      • 72 9 BOUSTEAD Singapore unit Boustead International Heaters has secured a contract from Brunei’s national power producer, Berakas Power Company with consortium partner, GE Oil Gas, for the delivery of a combined system that recovers waste heat from gas turbines, converting it into 14MW of extra net
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    • 399 9  -  Noble order despite 2012 malfunction shows confidence By LYNN KAN SEMBCORP Marine has reeled in a big one from repeat customer Noble Corporation for a US$596 million harsh environment jack-up rig with an option for one more. The Gusto MSC CJ70, touted
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    • 292 6 SINGAPORE'S FIRST AND BIGGEST SYSTEM EVENT OF THE YEAR IS HERE! M INTEGRATOR tei ESCO TECHNOLOGY SUMMIT 2013 7 JUNE 2013, FRIDAY •4H 9AM 5PM HOLIDAY INI SINGAPORE ATRIUM Gear up and experience the future integration of Smart Classroom, Digital Media Signages, Virtual Healthcare, Enterprise Mobility, Intelligent Command Centre and
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  • SINGAPORE MARKETS
    • 520 8  -  Regional markets also rise in anticipation of favourable US news, particularly heightened consumer confidence STOCKS JOYCE HOOI Correspondent THE Straits Times Index (STI) recovered some of its composure along with the rest of the region yesterday, finishing 14.78 points or 0.44 per cent higher at 3,406.08
      Source: Bloomberg  -  520 words
    • 4 8 DAILY
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    • 73 8 May 28 VALUE CLOSE BT OB/OS 231.00 +268.00 BT CADI -*****.00 +171.00 BT 10-day MA -*****.00 +23.00 FTSE ST Mid Cap 831.90 +5.97 FTSE ST Small Cap 606.37 +10.40 FTSE ST All Share 838.66 +4.78 FTSE ST China Top 216.07 +1.29 FTSE ST China 248.12 +2.37 FTSE
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 4 4 0 0 0 8 4 4 Manufacturing 81 35 35 9 10 11 90 45 46 Commerce 28 15 20 4 5 3 32 20 23 Tpt/Stor/Comms 25 8 8
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    • 123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 63,192 63,192 91,373 91,373 Manufacturing 454,795 354,908 809,703 238,145 26,547 264,692 Commerce 273,807 74,237 348,044 93,225 5,063 98,289 Tpt/Stor/Comms 116,193 13,332 129,525 178,890 5,430 184,319 Finance 169,766 2,041 171,807 171,257 1,258 172,515 Construction 411,771 203,016
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    • BROKERS’ TAKE
      • 341 8 May 28 close: S$0.865 OCBC Investment Research, May 28 YOMA reported Q4 FY13 Patmi (profit after tax and minority interests) of S$11.5 million, up 452 per cent y-o-y, mostly due to a S$9.1 million one-time gain (negative goodwill recognised from the consolidation of a subsidiary in Dalian,
        Source: Bloomberg  -  341 words
      • 331 8 May 28 close: S$1.455 Maybank Kim Eng Research, May 28 DEBEERS has once again increased rough diamond prices by about 4 per cent in its May sight. According to Rappaport, rough prices have increased by about 10 per cent this year, while polished prices for one-carat diamonds rose
        Source: Bloomberg  -  331 words
      • 266 8  -  Compiled by Kenneth Lim May 28 close: S$4.43 DBS Vickers Research, May 28 SEMBCORP Marine (SMM)’s subsidiary, Jurong Shipyard, has secured a US$596 million contract for a newbuild ultra-high specification jack-up rig for deployment in the United Kingdom sector of the North Sea from Noble Corp. It comes
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    • 115 8 Stock name Close Change CapMallsAsia 2.010 +0.010 CapitaLand 3.640 -0.010 CapitaMall 2.200 -0.020 CityDev 10.89 +0.050 ComfortDelGro 1.955 +0.020 DBS Grp 17.27 -0.090 GLP 2.890 +0.040 Genting SP 1.475 +0.015 Golden Agri 0.575 +0.010 HK Land 7.330 +0.080 HPH Trust US$ 0.805 JMH 66.70 +0.300 JSH
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    • 512 8 CURRENCIES Reuters [LONDON] The yen slipped yesterday as Japanese shares steadied from sharp falls, easing worries that investors may have to close their yen-selling positions to make up for losses. While the Nikkei’s fall of more than 10 per cent from its 5½-year
      Reuters; PHOTO: AFP  -  512 words
    • 52 8 VOLUME YHM 202,996,000 UniFiber 201,555,000 Innopac 146,407,000 New Wave 126,429,000 NexGenSCom 118,326,000 Soilbuild Const 104,403,000 Cedar 96,522,000 CNA 78,393,000 Healthway 77,576,000 GSH Corp 72,585,000 VALUE($) DBS Grp 80,461,544 SPH 72,123,590 SingTel 52,939,585 GLP 52,835,520 Keppel Corp 41,086,901 ComfortDelGro 36,558,295 Soilbuild Const 36,341,125 CapitaLand 35,456,440 Yoma 32,447,965 CapitaMall
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    • 108 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 299.7 2.2 Jardine C&C 4875 235.0 5.1 DBXT MSEurope 10US$ 5185 190.9 3.0 UOB 5.05%NCPS 100 ***** 70.0 0.7 JSH 4060 65.8 1.3 DBXT MSINDO 10us$ 1750 48.1 2.2 JMH 6670 37.9 0.5 DBXT MSTHAI 10US$ 2293 22.8 0.8 SuperGroup 476
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    • 120 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -175.8 -1.0 IS S&P500 ***** -102.4 -0.5 DBXT FTChina25 10US$ 2843 -55.6 -1.5 DBXT S&P Short 10US$ 2948 -25.3 -0.7 UOB 2130 -13.0 -0.6 STXPO 100 350 -12.0 -3.3 Hyflux 6% CPS 10 ***** -10.0 -0.1 OCBC Bk 1085 -10.0 -0.9 OCBC
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    • 5 8 DAILY
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  • Page 9 Advertisements
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  • SINGAPORE NEWS
    • 739 10  -  It cites increased volatility in prices of completed units in Central Region By KALPANA RASHIWALA A PAPER from the National University of Singapore’s Institute of Real Estate Studies (IRES) argues that it is unclear that the seventh instalment of cooling measures announced in
      Source: NUS Institute of Real Estate Studies, URA  -  739 words
    • 417 10  -  By MARIA MALA YOGALINGAM EIGHT in 10 mothers here have stopped breastfeeding by their child’s first birthday. In fact, a quarter of new mums (26 per cent) stop earlier when the baby is four months old, which is when mothers
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    • 323 10  -  By LYNN KAN WHEN the National University of Singapore (Suzhou) Research Institute (Nusri) opens today in Suzhou Industrial Park, it will be the first such research centre in China to be independently set up by a foreign university. About one-third of Nusri’s 21,000 square
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    • 334 10  -  By BENJAMIN AW DESPITE steady growth, the retail sector here faces an array of cost-related challenges, according to a white paper from commercial real estate consultancy Colliers International. “Unprecedented problems have emerged that threaten to severely cripple the retail experience,” said the paper. “The
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    • 258 10  -  By NG SAI YING THE charged assets of Singapore Flyer Pte Ltd has been placed under receivership as of yesterday, though operations at Singapore’s famed 165-me-tre-high Giant Observation Wheel at Marina Promenade will carry on as normal. Tim Reid, Theresa Ng and Tan Aik Kiat
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    • SINGAPORE ROUNDUP
      • 84 10 THE Urban Redevelopment Authority yesterday launched the industrial site at Woodlands Industrial Park E9 for sale by public tender. Under the Planning Act, the 1.68-ha site is slated for light industry, general industry, utilities or telecommunication uses. The 30-year leasehold site has
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      • 64 10 FOREIGNERS who break the law here should be prepared for the consequences, including that of having their visas or work passes revoked. This was the response from the Home Affairs and Foreign Affairs ministries, in response to media queries about the appeals for
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      • 35 10 THE National University of Singapore (NUS) has sacked Tey Tsun Hang, the law professor found guilty of corruption yesterday, reported StraitsTimes.com. Tey’s lawyers are drafting his mitigation plea.
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    • 519 11  -  Plans unveiled at event held to honour financial industry leaders By LEE U-WEN EIGHT years after it was launched, the Financial Industry Competency Standards (FICS) framework will be revamped following a year-long review conducted by the Institute of Banking and Finance (IBF).
      519 words
    • 585 11  -  By AMIT ROY CHOUDHURY IN A move to ensure a more comprehensive patent protection regime for local innovation, the Intellectual Property Office of Singapore (IPOS) has signed a Memorandum of Understanding with the State Intellectual Property Office (SIPO) of China, according to information
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    • 462 11  -  By GRACE NG FAMILY firms are appointing more professionals to top positions, according to a study on Singapore Ex-change-listed family firms. Carried out by the National University of Singapore Business School’s Centre for Governance, Institutions and Organisations (CGIO) in 2012, the
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  • Page 11 Advertisements
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  • FORWARD THINKERS
    • 1865 12  -  DHL Express Singapore is constantly developing infrastructure and know-how to meet the evolving needs of the sectors it serves By FELDA CHAY WHEN Herbert Vongpusanachai moved to Singapore from Thailand in 2008 to take up the post of general manager at DHL Express Singapore, the world
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  • Page 13 Advertisements
    • 652 13 s B 6 V t 7> 0 47 41 How to compete in the era of ‘smart. 1 sr\ |i0 yJHim Police in Memphis used Big Data and analytics to verify patterns of criminal activity, which helped them change their strategy. J Social networks shift value in the workplace from
      652 words

  • MALAYSIA/INDONESIA
    • 430 14  -  It sees rates on hold this year, pick-up in investment and a stronger ringgit By S JAYASANKARAN in Kuala Lumpur HAS economic growth stalled in Malaysia? Pessimism has arisen in the wake of the release of the country’s first-quarter growth figure; in real
      430 words
    • 458 14 [KUALA LUMPUR] While Malaysia has fought to topple anti-palm oil campaigns such as the Nutella Tax proposal in France and the palm oil-labelling issue in Australia last year, more smearing campaigns instigated by Western non-gov-ernmental organisations and green activists are set
      PHOTO: BLOOMBERG  -  458 words
    • 494 14  -  By in PAULINE NG in Kuala Lumpur UNDERSCORING the current bullishness in Malaysia’s property sector, Negri Sembilan-based developer Matrix Concepts Holdings made a solid debut on the local bourse, opening nearly 23 per cent higher to its offer price of RM2.20 before easing
      494 words
    • 174 14 Reuters [SYDNEY] Indonesia will relax restrictions on the import of Australian beef following talks between the two nations, Australia’s trade minister said yesterday. Indonesia has agreed to exempt “premium” Australian beef imports from quotas, Craig Emerson said in a statement. It will also
      Reuters  -  174 words
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    • 90 14 1VA r > '4 I r V V r rvi 2K m r. -V. A i > r >v f>- SMALL WONDERS Mini greens are the next big culinary trend THE PEAK SELECTIONS GOURMET TRAVEL A PUBLICATION OF PEAK sPHmagazines THE PEAK SELECTIONS CHEF CREATES CUTTINGEDGE FOOD WITH SOIL AND
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  • GREATER CHINA/INDIA
    • 682 15 It aims to double per capita GDP by 2020 from the 2010 level, he tells Germans Bloomberg [BERLIN] Chinese Premier Li Keqiang told German business leaders his country is confronted by “huge challenges” as it seeks 7 per cent annual growth
      Bloomberg; PHOTO: AFP  -  682 words
    • 583 15 Group raises S$886m of S$1.1b debt sold by Indian firms in ’13 Bloomberg [MUMBAI] The Tata Group is leading Indian companies filling the vacuum in bond issuance in Singapore as cash from global stimulus measures floods into the city. Units of
      Bloomberg  -  583 words
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  • GREATER CHINA
    • 629 16 Analysts polled by Reuters expect further govt action to cool market Reuters [BEIJING] China’s loose monetary policy and strong pent-up housing demand will drive up home prices in 2013, but government cooling measures, including a wider trial programme to
      Reuters; PHOTO: REUTERS  -  629 words
    • 478 16 ABC Television says multiple attacks originated in China Reuters [CANBERRA] Chinese hackers have stolen the blueprints of a new multi-mil-lion-dollar Australian spy headquarters as part of a growing wave of cyber attacks against business and military targets of the close US ally,
      Reuters  -  478 words
  • Page 16 Advertisements
    • 908 16 beats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices djTib t'ft#-# (si$) 111 CHINA CITIC BANK INTERNATIONAL CHINA CITIC BANK INTERNATIONAL LIMITED (INCORPORATED IN HONG KONG WITH LIMITED LIABILITY) Consolidated Statement of Financial Position At 31 December 2012 In HK$'000 Consolidated Income Statement For the year ended 31 December 2012 In
      908 words
    • 1349 16 GOODLAND GROUP LIMITED (Company Registration Number: *****5522N) (Incorporated in the Republic of Singapore on 6 May 2004) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the “EGM”) of the shareholders (the “Shareholders”) of Goodland Group Limited (the “Company”) will be held on 20 June
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  • ECONOMY WATCH
    • 502 17 Capital gains tax to be revised; cash incentives to trade in old cars for new Bloomberg [TAIPEI] Taiwan will let insurers invest in infrastructure projects and create a NT$1 billion (S$42 million) fund to channel money to companies as President Ma Ying-jeou bids to
      Bloomberg  -  502 words
    • 240 17 Bloomberg [SYDNEY] Australia is the world’s happiest nation based on criteria including income, jobs, housing and health, the Organisation for Economic Co-operation and Development (OECD) said. Australia led Sweden and Canada, the Parisbased group’s Better Life Index showed, when each of 11 categories
      Bloomberg; PHOTO: REUTERS  -  240 words
    • 378 17 Net overseas assets stood at 296.3t yen, followed by China with 150.3t yen AFP [TOKYO] Japan kept its position as the world’s largest creditor nation for the 22nd straight year in 2012, government data showed yesterday, as the dollar’s gains helped inflate the
      AFP  -  378 words
    • 365 17 It also fingers rising inequality, abusive practices by MNCs AFP [JOHANNESBURG] Africa has favourable mediumterm economic prospects although growth rates haven’t recovered to pre-cri-sis levels, according to a report that also fingered rising inequality and abusive practices by multinationals. “With projected growth of
      AFP  -  365 words
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  • WORLD
    • 247 18 Reuters [HANOVER] Volkswagen (VW) granted its German factory workers an inflationbusting pay rise yesterday, the latest hefty wage hike in Germany as union demands meet support from politicians seeking both to woo local voters and underpin the wider European Union (EU). Germany
      Reuters; PHOTO: AFP  -  247 words
    • 518 18 De Gucht confirms members’ resistance but points to Beijng lobbying govts Reuters NYT [BRUSSELS] The European Union’s trade chief said yesterday he would not give in to Chinese demands to drop plans for punitive duties on solar panel imports,
      Reuters; NYT  -  518 words
    • 628 18 Leaders see solution in giving small businesses a boost AFP [PARIS] France and Germany joined hands yesterday to confront a jobs crisis blighting the lives of millions of young people in the eurozone, saying that the key to work lies with small businesses.
      AFP; PHOTO: REUTERS  -  628 words
    • 455 18 Bloomberg [COPENHAGEN] Denmark’s government lashed out at the nation’s banks for deploying what it called spin tactics to try to persuade policymakers to delay regulatory reform. The nation’s financial industry, which says that Denmark risks stalling a recovery by moving ahead
      Bloomberg; PHOTO: BLOOMBERG  -  455 words
    • 264 18 Reuters [FRANKFURT] Germany’s financial watchdogs yesterday warned against unilateral action by national regulators, as the United States considers tougher capital rules for foreign banks. Markets regulator Bafin said that it was in intense and constructive talks with its US counterparts about their plans to
      Reuters  -  264 words
    • 1058 19 Austerity policies still in effect in euro zone while govts try to talk up growth Reuters [PARIS] To listen to some European leaders, especially in France, you would think the era of austerity was over and the euro zone was going full steam
      Reuters; PHOTO: REUTERS  -  1,058 words
    • 516 20  -  BOJ official assures that central bank will continue to damp down rates By in ANTHONY ROWLEY in Tokyo FINANCIAL markets should not be alarmed by recent sharp volatility in the prices and yields of Japanese Government Bonds, Ryuzo Miyao, the long-est-serving member
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    • 661 20 IHT [BERLIN] The Association of German Engineers, or VDI, is desperate. It needs 70,000 engineers, and quickly. Its members, consisting of large and small companies, are scouting the universities and schools for mechanical, electronic and ma-chine-building engineering graduates or trainees to sustain Europe’s biggest and
      IHT  -  661 words
    • 442 20 Reuters [CHIANG MAI, Thailand] Thailand has pledged to renew its controversial rice-buying scheme for a third year, defying opposition over a policy that has been blamed for straining government finances and slashing exports as the grain has piled up in warehouses. The two-year old programme
      Reuters  -  442 words
    • 656 21 Bausch Lomb sold for US$8.7b Takeover by Valeant allows eyecare firm’s owners to sidestep lengthier IPO process NYT [NEW YORK] Bausch Lomb, the eyecare company, agreed on Monday to sell itself to Valeant Pharmaceuticals International of Canada for about US$8.7 billion, sidestepping the lengthier process of an initial public offering.
      NYT; PHOTO: BLOOMBERG  -  656 words
    • 939 22 More cuts loom next year amid a dearth of revenue; investors pile pressure on Big 4 to reduce fixed costs Bloomberg [LONDON] Britain’s four biggest banks will have eliminated about 189,000 jobs by the end of this year from their
      Bloomberg  -  939 words
    • 830 22 Resort operator’s largest shareholders make US$700m bid NYT [SERRAVAL, France] Fewer “crazy signs.” More karaoke. That could be the future for Club Med, the French resort operator, which said on Monday that it had received a US$700 million buyout offer
      NYT; FILE PHOTO  -  830 words
    • 736 22 It’s the fifth most popular destination among Europeans IHT [NEW YORK] Junayd Mahmood is not your typical business school student. He did not spend years plotting out a graduate school career, going to MBA fairs and compiling a list of dream schools.
      IHT  -  736 words
  • Page 18 Advertisements
    • 970 18 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BINJAI PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Reg. No. *****4401 /K) At an Extraordinary General Meeting of BINJAI PTE LTD duly convened and held at Block 2 Balestier Road #03-669, Singapore *****2 on Wednesday,
      970 words

  • Page 19 Advertisements
    • 920 19 Bank Morgan Stanley AG Balance Sheet as at 31 December 2012/2011 Assets 31.12.2012 31.12.2011 CHF ‘000 CHF ‘000 Income Statement for the Fiscal Year 2012/2011 Liquid assets 384,889 140,926 Due from money-market instruments 1,433,388 Due from banks 1,143,439 315,047 Due from customers 1,195,287 294,133 Financial investments 28,865 Participations 12 11
      920 words

  • Page 20 Advertisements
    • 268 20 ho,.. S $4Qq V HARI APAKAH YANG Use s se 00 >o u s es SS7 o 0o WT SESUAI UNTUK V BERPINDAH? Jika anda mempunyai rakan yang berminat tentang fengshui, STProperty juga menyediakan peralatan yang sesuai! s ©s 3 OO s «^o 0 CjV*' c& s 4o 0 o°
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  • Page 21 Advertisements
    • 2093 21 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices First Gulf Bank PJSC Head Office: PO Box 6316, Abu Dhabi, United Arab Emirates Singapore Branch: 80 Raffles Place, #10-01/02, UOB Plaza 1 Singapore *****4 INDEPENDENT AUDITORS’ REPORT TO THE SHAREHOLDERS OF FIRST GULF BANK PJSC CONSOLIDATED BALANCE SHEET 31 December 2012 Report
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  • Page 22 Advertisements
    • 112 22 m a g *i» tionpurposes r ifts Premium 8 Pre SGPFX“com/reg3 WWW.SGWM' competition and edge abeadoune^^^^ 10-12 July 2013 Level 1, Hall B&C Marina Bay Sands, Singapore Organised By: B| I I k| Blk8 Lorong Bakar Batu, I L L I IN N #07-07 Singapore *****3 Exhibition Services Pte Ltd
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    • 27 22 m sL r LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG FflCEBODK.COM/HOTFMSG I 3* HOTFMSG
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  • Page 23 Advertisements
    • 245 23 Subscribe to SPH Directly Stay Connected Enjoy your news on PRINT, ONLINE, SMARTPHONES, or TABLETS when you subscribe direct. Same Service The same newspaper vendor will continue to serve you. No Surprises No untimely visits for payment collection. SPH Rewards Direct subscribers enjoy exciting rewards at sphrewards.com.sg The Business Times
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  • FICS Awards 2013
    • 834 24  -  In a competitive landscape, bankers must now acquire a multitude of different skills to effectively serve their clients By KAN KWOK LEONG s banking consumers become more sophisticated, the demands on the professionals who serve them have also risen accordingly. To better serve their clients, bankers across
      834 words
    • 158 24 The Institute of Banking and Finance (IBF) is a non-profit organisation established in 1974 as a centre dedicated to the training of the Singapore financial-sector workforce. As financial services developed over the years, the IBF expanded its role to include the administration of local and
      158 words
    • 1225 24  -  Credit Suisse is banking on its commitment to training and development to gain an edge over its rivals By KAN KWOK LEONG AS COMPETITION to manage the funds of Asia’s affluent heats up, wealth managers are being asked to deliver financial services that go beyond the
      PHOTO: CREDIT SUISSE  -  1,225 words
    • 760 26 The financial sector needs to be relentless in training and equipping itself for the financial centre of the future, says IBF chairman Ravi Menon SINGAPORE’S financial centre is riding the wave of a growing Asia. This has placed strong demands on the financial sector
      760 words
    • 1043 26  -  UOB’s CEO Wee Ee Cheong says that Singapore’s financial sector needs to continually boost the skills of its workforce to keep its edge in the global arena By KAN KWOK LEONG PROFESSIONALS in the financial sector need to beef up their skills and knowledge in order to
      1,043 words
    • 3017 28 FIVE industry leaders talk about the how the banking sector is dealing with a fast-changing technology landscape. BT: How critical has the technology role become in today’s financial services industry and how has it evolved in recent years? Piyush Gupta: One key industry trend we’ve seen is
      PHOTO: REUTERS  -  3,017 words
    • 1431 30  -  As more local SMEs venture abroad, OCBC is beefing up its regional network to help them grow, says the bank’s head of commercial banking By KAN KWOK LEONG ithin two days of registering his publishing business in Singapore, new entrepreneur Jason Tan received a phone call
      1,431 words
    • 1271 32  -  Citibank Singapore CEO Han Kwee Juan has put simplifying the bank’s processes and products at the heart of his mission By KAN KWOK LEONG AT a Citibank branch earlier this year, the bank’s Singapore chief executive Han Kwee Juan found himself playing the word-guessing game
      1,271 words
    • 1260 32  -  Asia’s top private equity professional, Apollo Global Management’s Tan Chin Hwee, defines himself first as a family man and social advocate By KAN KWOK LEONG WHEN his firm’s biggest client requested a meeting with him and his bosses in the United States, Tan Chin Hwee, the
      1,260 words

  • Page 25 Advertisements
    • 362 25 OUR HEARTIEST CONGRATULATIONS TO On behalf of GIA's 37 members, we extend our warmest congratulations to Mr. Derek Teo, President of the General Insurance Association of Singapore for being conferred the Distinguished Financial Industry Certified Professional (DFICP) 2013 Award. Your exemplary leadership and commitment to the General Insurance Industry is
      362 words


  • Page 27 Advertisements
    • 189 27 Credit Suisse txf i li a i <v m 3S? as, a KT«r -r r 1 Vrmm m? i m vw IE T J L -»r iikkkii H' 1* it! 2 C> u UL I d c EE 3 U mzsa ft >- rrr z r •HI i! £3 ■5-r
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  • Page 29 Advertisements
    • 95 29 OCBC Business Banking Together we can make your business a success. From financing new business ideas to overseas growth, you can rely on our partnership to customise winning solutions that help you realise your business ambitions. ollaboralion To find out more, call our corporate service hotline at *****111 or visit
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  • Page 31 Advertisements
    • 445 31 GOT FINANCIAL INDUSTRY COMPETENCY STANDARDS Raising Competencies. Inspiring Excellence. Celebrating Distinction. The Institute of Banking Finance (IBF) congratulates the recipients of the Distinguished Financial Industry Certified Professional (DF1CP) title and Friends of FIGS Award. These awards are a testament to their commitment to professional excellence and raising industry competencies. IBF
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  • Page 33 Advertisements
    • 134 33 GAIN THE UPPER HAND TRADE KNOW WHAT TO TRACK WITH SHAREXPLORER n 3D m w a W> o' ra c$s v A I I WITH CHART TO ACT ENIE r —-—rr UTRADE is DOB Kay Hian’s online trading platform. Packed with insightful research, intuitive tools such as ShareExplorer and ChartGenie,
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  • EDITORIAL & OPINION
    • 512 34 EDITORIAL THEY may not show it publicly, but oil ministers from the Organization of Petroleum Exporting Countries (Opec) who meet in Vienna on May 31 have something serious to worry about. In a word, it is shale. In mid-May, the International Energy Agency (IEA) which
      512 words
    • 736 34  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE sudden visit to China of Vice Marshal Choe Ryong -hae, the personal envoy of North Korean leader Kim Jong-un, appears to
      736 words
    • 1015 34  -  While packed with informative indicators, the World Bank report may misplace focus By RICARDO HAUSMANN The writer, a former minister of planning of Venezuela and former chief economist of the Inter-American Development Bank, is a professor of economics at Harvard University, where he is
      Project Syndicate; PHOTO: AFP  -  1,015 words
    • 1184 35  -  Audit profession risks losing its relevance if it fails to embrace the looming changes for the auditor’s report By LIM AI LEEN, KANG WAI GEAT, FUA QIU LIN The writers are respectively executive director (technical knowledge centre quality assurance), deputy head, and
      FILE PHOTO  -  1,184 words
    • 802 35  -  By DAVID BROOKS NYT WE’RE living in an empirical age. The most impressive intellectual feats have been achieved by physicists and biologists, and these fields have established a distinctive model of credibility. To be an authoritative figure, you want to be coolly scientific.
      – NYT  -  802 words
    • 298 35 LETTER TO THE EDITOR BUSINESSES in every imaginable field of commerce are headed for the initial public offering (IPO) exercise and listing on a stock exchange. So why not NTUC FairPrice which has been around for a long time and has hundreds of thousands
      298 words


  • Transport HUB
    • 341 36  -  Facility is started by Germanischer Lloyd’s marine engineering and consultancy arm By LYNN KAN [SINGAPORE] A maritimefocused research centre opened its doors here yesterday, becoming the first to take advantage of a longstanding Maritime and Port Authority of Singapore (MPA) scheme expanded this
      341 words
    • 296 36 Reuters [PANAMA CITY] Panama’s economic activity growth eased in March to a two-year low as traffic through the Central American country’s canal and ports dropped for the second month running, according to the government statistics agency. Economic activity expanded 5.92 per cent
      Reuters  -  296 words
    • 729 36  -  STRAIT TALK By DAVID HUGHES SHIPPING had the chance to say what it thinks to people who matter last week. The International Chamber of Shipping (ICS) represented the views of the global shipping industry at the OECD International Transport Forum
      729 words
    • 483 36 Imports gain while exports fall due to slow global demand Reuters [SAO PAULO] Brazil’s seaborne container trade grew one per cent in the first quarter of 2013 compared with a year earlier, showing a tentative recovery in Latin America’s largest economy, Maersk
      Reuters; PHOTO: AFP  -  483 words
    • 242 36 SGX '000 May 28 S$ +/-Vol CH Offshore 0.46 0.01 45 Chuan Hup Hldg 0.27 -0.01 343 Cosco Corp 0.81 0.01 1877 S$ Ezra Hldgs 0.99 0.02 4912 First Ship Lea 0.13 unch 347 Freight Links 0.09 unch 6007 Grand Banks..............0.33 -0.02 1 Jaya Hold Ltd CWT Ltd
      242 words
  • Page 36 Advertisements
    • 35 36 MSSk A i NOW AVAILABLE ON ipad android 3dT f A Blulnc A SUBSIDIARY OF SPH MAGAZINES PTE LTD Blu Inc Media (HK) Ltd. Tel: 852 2165 2800 Fax: 852 2868 1799 Email: queries@bluincmedia.com www.bluincmedia.com
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    • 151 36 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
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  • Page 37 Advertisements
    • 61 37 WITH TRAVEL WITH KISS WITH DINE BOND WITH KISS A PERFECT DAY WITH KISS A HAPPIER DAY WITH GREAT PRIZES WHEN YOU TUNE IN TO KISS92 TODAY! klSS92 All the great songs in one plac DOWNLOAD THE KISS92 MOBILE APP NOW! KISS92 is part of sph radio network Kiss us
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  • TRANSPORT HUB: AVIATION
    • 309 38  -  A few more hurdles and purchase of 60% stake should wrap up by mid-July By MARIA MALA YOGALINGAM [SINGAPORE] Canberra’s Foreign Investment Review Board (FIRB) yesterday approved Virgin Australia’s purchase of a 60 per cent stake in low-cost rival Tiger Airways Australia, bringing Virgin
      PHOTO: AFP  -  309 words
    • 600 38 Bloomberg [LONDON] The market for aviation fuel in Europe has fallen to the lowest level for this time of the year since 2010 as airlines fill more seats on fewer flights and the continent’s recession deters consumers from taking to the
      Bloomberg  -  600 words
    • 615 38 It will spend US$181m; increase workforce to 25,000 Bloomberg [SINGAPORE] DHL, the courier and freight company of Deutsche Post, plans to spend US$181 million in the next two years building warehouses and adding workers in South-east Asia as economic growth
      Bloomberg; PHOTO: DHL  -  615 words
    • 554 38 Bloomberg [NEW DELHI] India’s Jet Airways plans to order more aircraft as it prepares to fend off competition from Asia’s biggest budget carrier AirAsia, which seeks to start operations in the country this year. Jet is considering an order for Boeing 737
      Bloomberg  -  554 words
  • Page 38 Advertisements
    • 23 38 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. asAra NOTICES
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  • Page 38 Miscellaneous
    • 365 38 CRYPTIC CROSSWORD Across 1 Utter old bag! (7) 5 Slander in the air: rugby forwards getting cosmetic treatment (7) 9 Caught with an 18-year-old perhaps in restaurant (7) 10 Sitting in dustcart is ‘ancillary skilled worker’ (7) 11 A spring sauce for pasta second course or side dish maybe (9)
      365 words

  • TRANSPORT HUB: LAND
    • 691 39 Sales slowed by lack of incentives available in other European countries Bloomberg [FRANKFURT] As Joachim Sander looks for a new car, he is thinking it might be time to go electric. German Chancellor Angela Merkel will need the help of the Frankfurt IT
      Bloomberg; PHOTO: REUTERS  -  691 words
    • 509 39 Reuters [BRUSSELS] The gap has widened between the fuel efficiency that carmakers declare for their models and the reality for drivers, with luxury German vehicles showing the biggest divergence, a study has found. The research by the non-profit International Council on Clean
      Reuters  -  509 words
  • Page 39 Advertisements
    • 172 39 Stay Connected to SPH Online Classifieds Anywhere, Anytime STProperty iPhone, iPad Android Geo-location feature for you to find compare properties for sale or rent near your physical location! > ST lobs iPhone, iPad Android Over 40,000 job listings for you to browse, shortlist as favourites and apply instantly! *You need
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  • 2651 40 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
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  • Page 40 Advertisements
    • 139 40 J e b e lA Shanghai■ LaemChabang■ Chittagong li Port Klang J e d d a h B r i s b a n e H a m b a n t o t a NYK RORO Conventional ServiceREGULAR SERVICE TO REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea, Australia,
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    • 18 40 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 41 Advertisements
    • 144 41 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 the business times mt uujiihljj iiivicj Shipping Times I FREIGHT FORWARDER urgently needed by shippers i Can they find your services here in the Shipping Times? TO ADVERTISE,
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    • 2 41 AM W
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  • SINGAPORE STOCKS
    • 3251 42 Transaction date: May 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 Company Last Sale Vol Day Last Quote 10.4 7 AEM --AAT C'vr 188 106 AIMSAMPIReit 179.5 +4.5 1214 179.5 175.5
      3,251 words
    • 249 43 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 2.4 1.3 t Advanced System 1.5 unch 1000 1.5 1.5 1.5 1.6 23.8 Vol Cooo) Day High Last Quote Low Buyer
      249 words
    • 10962 43 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** ....1.0168/ f M local Ccy Bond 1 0184/ European Opportunities!" 1.2201/ Global Emerging Markets!" Global Opportunities/" China Opportunities USD!** .*****/ Global Emerging
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    • 249 43 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 52 30 Genting HK US$ US50 +0.5 7153 50 49 49.5 50 3292.3 Last 260 181 TanChongInt HK240cd -4 12 240 237 240 244 4.3 2.9
      249 words
    • 891 43 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118 -1 10 118 118 118 120 538.6 143 120.4 CIMB APAC Div 100S$D 143 142.6 143.5 114.4 96 CIMB
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  • FINANCE & COMMODITIES
    • 637 44 May 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.62 *****.78 *****.62 Jun13 *****.00 *****.00 *****.00 *****.00 *****9 *****3 Sep13 *****.00 *****.00 *****.00 *****.00 1868 ***** MSCI TAIWAN INDEX FUTURES SPOT 297.85 298.52 296.32 May13 297.30 298.00 296.20 296.60 *****7 *****4 Jun13 297.20
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    • 373 44 In local curr In S$ In US$ dy yr dy yr dy yr May 27 Index Change Change Change Change Change Change World Preliminary 1075.6 -0.2 14.6 -0.5 14.9 -0.2 11.3 EAFE Preliminary 889.8 -0.5 14.9 -0.8 11.0 -0.5 7.5 Europe Preliminary 1273.0 0.5 11.0
      373 words
    • 471 44 May 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.002 5.925 0.750 7.512 54.013 94.772 0.989 10.904 2.942 1.192 95.284 40.585 1.224 9.380 0.939 29.065 29.027 0.641 0.968 Canada 0.998 5.916
      471 words
    • 66 44 May 28 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • 134 44 May 28 GOLD(US$/oz) May 27 May 28 Hong Kong 1403.50 1394.00 May 24 May 27 London 1387.13 1393.41 1387.89 1394.18 Source: Thomson Reuters CAST BAR May 28 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 126 56 5gm 359 281 10gm 641 561
      134 words
    • 92 44 May 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 22-Aug-13 0.25 6-Month BS*****H 29-Nov-13 0.28 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 0.250 01-Feb-13 99.88 99.92 99.90 5-Year N*****0T 0.500
      92 words
    • 57 44 May 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 13 2357.0 2372.0 2375.0 2310.0 455 2119 Jul 13 2392.0 2393.0 2403.0 2377.0 2661 ***** Aug 13 2387.0 2388.0 2401.0 2372.0 ***** ***** Sep 13 2373.0 2376.0
      57 words
    • 155 44 May 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2232 1.2239 0.9674 0.9677 Canadian dollar 1.2214 1.2220 0.9662 0.9660 Euro 1.6317 1.6324 1.2905 1.2906 NZ dollar 1.0258 1.0266 0.8113 0.8117 Sterling pound 1.9077 1.9086 1.5088 1.5090
      155 words
    • 109 44 May 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1476.25 1499.50 1505.75 1471.25 Aug 13 1402.50 1414.50 1421.75 1396.00 Sep 13 1300.00 1299.50 1307.00 1292.25 Nov 13 1247.75 1243.00 1250.00 1239.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13
      109 words
    • 95 44 May 24 COCOA (£/tonne) Close Prev High Low Jul 13 1522 1537 1533 1520 Sep 13 1526 1544 1540 1525 Dec 13 1524 1540 1534 1523 Mar 14 1521 1538 1535 1520 COFFEE(US$/tonne) Close Prev High Low May 13 1922 1954 1942 1920 Jul 13 1952 1987 1989 1938
      95 words
    • 1155 44 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Acma Ltd. W*****6 Conv Albedo Limited W*****9 Exer Price Asiatravel.com HoldingsW*****7 1 1 25 14 Asiatravel.com HoldingsW*****5 2.2 1 27 38 Best World Intl Ltd W*****5 Gear- Mths BiosensoBPeCW*****2 Acma Ltd.
      1,155 words
    • 70 44 CRUDE OIL PRODUCTS May 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.97 0.60 WTI (Near Mth) 93.92 -0.10 Dubai (1-Mth F) 99.55 0.92 Tapis blend 105.79 1.09 Minas 99.49 1.09 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.22 unch Jet Kerosene 114.09 unch US$/barrel OpecOil Basket
      70 words
    • 22 44 May 28 S$ Bid Offer 1-month 1.2644 1.2648 2-months 1.2643 1.2648 3-months 1.2643 1.2648 6-months 1.2640 1.2651 Source: OCBC
      22 words
    • 66 44 May-24 May-24 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1805.50 1816.50 3 months 1840.00 1850.00 Copper, Grade A(US$/tonne) Cash 7269.75 7270.50 3 months 7299.00 7300.00 Lead(US$/tonne) Cash 2067.50 2037.00 3 months 2069.00 2044.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.50 3 months
      66 words
    • 121 44 As at 9am May 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.242 1.183 Can dollar 1.242 1.195 Euro 1.668 1.589 Sterling pound 1.942 1.868 NZ dollar 1.044 1.004 US dollar 1.290 1.229 Local dollars to 100 units of foreign
      121 words
    • 161 44 May 28 $S Offer Bid 0vernight 0.05 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ 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
      161 words

  • EXECUTIVE MONEY
    • 542 45  -  It identifies sectors such as S’pore logistics, Asia-Pac hotels, Aussie office, logistics and retail, and Japan logistics, office and homes By MICHELLE QUAH THE Asia-Pacific real estate market presents broad-based opportunities for investors who are willing to accept reduced capital returns in
      PHOTO: BLOOMBERG  -  542 words
    • 455 45 Stock, bond sectors look like bubbles while region risks losing competitiveness Bloomberg [FRANKFURT] Europe finds itself in a similar position to Japan as the continent faces a “lost decade”, said Pacific Investment Management Co (Pimco), which manages the world’s biggest fixed-income fund. The muddling through
      Bloomberg  -  455 words
    • 1311 46 Borrowers are taking advantage of investor demand for relatively high yields Bloomberg [NEW YORK] PRIVATE-EQUITY firms from Bain Capital to Onex Corp are raising loans through companies they own to pay themselves dividends at a pace that exceeds even the frothy days
      Bloomberg; FILE PHOTO  -  1,311 words
    • 702 47 Concerns over bird flu in China supposed to have influenced decision to shift venue from Shanghai. Gathering to take place in July now Bloomberg MORGAN Stanley will hold a gathering in New York to showcase Asian hedge funds to investors after
      Bloomberg; PHOTO: AFP  -  702 words
    • 657 47 Bloomberg [LONDON] Options traders are paying the least in more than two years to hedge against declines in US financial shares, reassured by analysts who say they will report the biggest profit since 2007 this year. Puts protecting against a 10 per cent
      Bloomberg  -  657 words
  • Page 45 Advertisements
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  • Page 46 Advertisements
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  • Page 47 Advertisements
    • 84 47 i Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow and
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  • Page 48 Advertisements
    • 73 48 tomorrow greener a for www.MitsubishiElectric.com.sg Holidays Public on Closed 6pm) (10am Sunday *9 Saturday 5.30pm), (8.30am 2008 Friday Monday 2007 Grande 1999 2012 r 2009 L4 Latest Hours: Opening Electric’s FREE3 YearsWarranty Apply Conditions ill Terms Mitsubishi Litres) Ed jgi (710 2600 Steel MR-L78E 6470 Showroom: RUSTED 2308 6473 Stainless
      73 words