The Business Times, 31 May 2013

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Total Pages: 39
1 40 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 Friday, May 31, 2013
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  • 598 1  -  Markets elsewhere in the region also decline; yen gains By ANTHONY ROWLEY in Tokyo THE Tokyo stock market suffered another severe jolt yesterday as the Nikkei 225 average plunged by more than 5 per cent, in a fall reminiscent of the
    Source: Bloomberg  -  598 words
  • 687 1  -  It commits to 30 A350-900s and 30 787-10Xs; deliveries to take place from FY2016/17 By NISHA RAMCHANDANI [SINGAPORE] In one of the biggest aircraft orders in its history, Singapore Airlines (SIA) is committing to 30 additional Airbus A350-900s and 30 Boeing 787-10Xs
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  • Page 1 Advertisements
    • 95 1 COMPANIES TEE Land to raise $57.8m from IPO PAGE 6 EXECUTIVE LIFESTYLE Art Basel: Brands sell PAGE 40 GREEN TAX INDEX Singapore tops ranking for ecosystem incentives PAGE 4 AVIATION Scoot turning 1, gears up for doubling in size by 2015 PAGE 2 BT PROPERTY CLASSIFIEDS BT’s CATS property feature
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  • MARKETS DIGEST
    • 65 1 HST INDEX 3,336.01 (-31.46) HST INDEX FUTURES 3,336.00 (-31.00) HSIMSCI 373.66 (-3.51) HSIMSCI FUTURES 373.60 (-3.50) US$ S$ US$ (S$ per US$) 1.264 (US$/S$ per 1.516 1.916 EURO (US$/S$/€ 1.296 1.639 Foreign currency per US$ S$ YEN 100.90 79.8 RM 3.073 2.430 HK$ 7.764 6.140 BAHT 30.18 23.87 RUPIAH
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    • 48 1 Thursday Change KL COMP 1,774.92 -8.55 NIKKEI 225 13,589.03 -737.43 HANG SENG 22,484.31 -70.62 SET INDEX 1,581.32 -20.29 JAKARTA COMP 5,129.65 -71.05 MANILA COMP 6,953.35 -275.22 SEOUL COMP 2,000.10 -1.10 SHENZHEN B 873.74 -2.52 MUMBAI IND 20,215.40 +67.76 12noon EDT Change DOW 15,377.02 +74.22 NASDAQ 3,495.22 +27.70
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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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  • Page 2 Advertisements
  • TOP STORIES
    • 594 2  -  Strong rebound in equity markets in 2012 was main wealth driver globally: BCG By GENEVIEVE CUA [SINGAPORE] Private wealth in Asia Pacific ex-Japan grew faster than in all other regions last year, and is expected to drive global wealth growth through 2017. In its
      594 words
    • 787 2  -  Dreamliners will be added to its fleet from next year By JOYCE HOOI [SINGAPORE] As Scoot puts its first year in the air behind it next Tuesday, its CEO, Campbell Wilson, can barely wait for the next two
      THE STRAITS TIMES FILE PHOTO  -  787 words
    • 417 2  -  By GENEVIEVE CUA [SINGAPORE] Nomura aims to capture a larger slice of the Asian wealth pie with a stronger focus on a private banking style of wealth management. Nomura’s head of Asia strategy and wealth management, Hiromasa
      417 words
    • 277 2  -  Fall comes amid an environment of low interest rates By BENJAMIN AW [SINGAPORE] All life insurance companies here will soon use a lower set of investment returns to illustrate projected returns on Sin-gapore-dollar-denominated policies. The Life Insurance Association (LIA) of Singapore announced
      277 words
    • 92 2 IN “Singapore economy basks in a rare burst of sunshine” (BT, May 24), the figures in an accompanying table, Key economic indicators, were wrong. They should be as below. We are sorry for the errors. Key economic indicators Q1 2013 CPI inflation rate Non-oil domestic exports Visitor arrivals Retail
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    • 505 2 SIA places US$17b order for 60 passenger planes IN one of the biggest aircraft orders in its history, Singapore Airlines is committing to 30 additional Airbus A350-900s and 30 Boeing 787-10Xs worth over US$17 billion, as it fights to keep its position as an industry leader and fend
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    • 523 4  - Malaysia gets its first woman Speaker in Selangor assembly By S JAYASANKARAN in Kuala Lumpur MORE than three weeks after a hotly contested general election, a 10-strong state executive committee for Selangor state was finally sworn in yesterday, creating history in the process. Hannah Yeoh, 34, a lawyer and state
      PHOTO: THE STAR  -  523 words
    • 628 4  -  But it’s 14th overall in KPMG’s survey of 21 major economies globally By MICHELLE QUAH [SINGAPORE] Singapore has been ranked the most active country in using green tax policies to encourage ecosystem protection and pollution control, according to KPMG’s “The Green Tax
      Source: KPMG  -  628 words
    • 933 4  -  No emerging markets boost to compensate for developed world By ANNA TEO [SINGAPORE] The global economy’s long-term growth potential, which has fallen since the 2008/09 crisis, will stay down for a bit, with the emerging markets now also stalling. Indeed, the speed
      THE BUSINESS TIMES FILE PHOTO  -  933 words

  • 1101 3  -  This week, we turn the spotlight on Bentley’s success on the racetrack, one of five facets that define the marque. By Lynn Tan WHEN Bentley founder W .O. Bentley first decided to go into motor racing, his objectives were clear: to gain publicity, generate sales and
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  • Page 4 Advertisements
    • 114 4 U always! like us on D facebook/ufmlOOS follow us on twitter@ufml003 www.uf m1003.sg UFM 100.5 ss cm. ft O U SHINE Take a step back. Reflect on life. As we get caught up in the hustle and bustle of daily life, let's pause and be thankful for all that we
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  • COMPANY NEWS
    • 571 5  -  Attention now moves to plans for the integration of the two companies By KENNETH LIM AUTO distribution and investment property could be the main integration priorities for United Engineers (UE) now that it has completed its acquisition of WBL
      571 words
    • 393 5  -  Publishing and real estate firm turns around with $2.02m profit for FY2013 By GRACE LEONG THE head of Singaporelisted magazine publisher and property company Eastern Holdings Ltd was charged in Subordinate Courts yesterday with two offences relating to a $1 million loan transaction with
      393 words
    • 432 5  -  This will partly fund $300m Park Hotel Clarke Quay buy By LEE MEIXIAN ASCENDAS Hospitality Trust (A-HTrust) has launched an equity-fund exercise to raise at least $200 million to partially fund the $300 million acquisition of Park Hotel Clarke Quay. A-HTrust
      FILE PHOTO  -  432 words
    • 550 6  -  Developer offering 115 million new shares at 54 cents each By ONG CHOR HAO DEVELOPER TEE Land is set to raise net proceeds of $57.8 million as it launched its initial public offering (IPO) yesterday for a Singapore Exchange mainboard listing. It
      FILE PHOTO  -  550 words
    • 288 6  -  By CARINE LEE SEMBCORP Marine has, through its subsidiary PPL Shipyard, secured a US$220.5 million contract from BOT Lease Co Ltd, a leasing company of The Bank of Tokyo-Mitsubishi UFJ. The contract, announced yesterday, is for a jack-up drilling rig scheduled for
      288 words
    • 729 6  -  Charlie Cheng awarded $1.34m plus interest in salary, fees, expenses By GRACE LEONG THE High Court has dismissed allegations of breach of fiduciary duties brought by delisted Falmac Ltd against its former board, including former chief executive Charlie Cheng, and awarded him $1.34 million
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    • 820 10 Bloomberg [SINGAPORE] Investors are betting that Indonesia will drive DBS Group Holdings Ltd to abandon Southeast Asia’s largest bank takeover. Indonesia’s central bank last week gave approval for Singapore-based DBS, which bid US$6.8 billion for all of PT Bank Danamon Indonesia, to
      Bloomberg; FILE PHOTO  -  820 words
    • 366 10  -  US$138.7m, S$130m are from KfW-Ipex, syndicate respectively By ANDREA SOH MAINBOARD-LISTED Hyflux and Yongnam Holdings have secured new loan facilities, the companies announced yesterday. A wholly-owned subsidiary of Hyflux, Hydrochem (S) Pte Ltd, has signed a US$138.7 million export credit financing agreement with German
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  • Page 5 Advertisements
    • 155 5 READY, GET SET, WOW. FROM JUST $598 PER MONTH WITH 6-YEAR SERVICING WARRANTY* FUEL CONSUMPTION (COMBINED) MINI COOPER S PACEMAN: 7.5L/100KM MINI COOPER S CLUBMAN: 6.7L/KM MINI COOPER S: 6.3L/KM MINI COOPER S CONVERTIBLE: 6.8L/KM MINI COOPER S COUNTRYMAN: 7.5L/KM MINI COOPER S ROADSTER: 6.8L/KM MINI JOHN COOPER WORKS COUPE:
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  • Page 6 Advertisements
    • 1782 6 CHINA GAOXIAN FIBRE FABRIC HOLDINGS LTD. (Incorporated in Singapore on 9 September 2008) (Company Registration No. *****7812K) (“Company”) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EGM of the Company will be held at Venus II, Level 3 Furama Riverfront, 405 Havelock Road, Singapore *****3 on 27
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  • Page 7 Advertisements
    • 113 7 Elegant. Sublime. Timeless A Bold Concept Realised Design Excellence Honoured was HI .74 f ml Vi.K?v T? I H V *n <*y. H* >r.3r* J Ka •'m H 'VS I*, Jr vV ;w ;■.<*> .fejL 3' IL* Si J, ■ft *V„ !«v, AT afekS&ii 1 KS 3* m. -v V-
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  • SINGAPORE MARKETS
    • 450 8  -  Smaller-cap stocks buck the trend, with Mirach Energy and Ramba Energy among the big gainers of the day STOCKS JOYCE HOOI Correspondent CONTINUING worries about the US Federal Reserve pulling the stimulus rug from under the global economy and about China’s economic slowdown dragged markets
      Source: Bloomberg  -  450 words
    • 4 8 DAILY
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    • 71 8 May 30 VALUE CLOSE BT OB/OS -132.00-211.00 BT CADI -*****.00-161.00 BT 10-day MA -*****.00 -13.00 FTSE ST Mid Cap 801.05 -15.97 FTSE ST Small Cap 591.27 -6.21 FTSE ST All Share 818.83 -9.21 FTSE ST China Top 211.16 -1.28 FTSE ST China 240.85 -2.76 FTSE ST Catalist
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 12 1 0 0 0 1 12 1 Manufacturing 40 71 32 6 12 11 46 83 43 Commerce 15 26 25 6 3 4 21 29 29 Tpt/Stor/Comms 12 21 7
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    • BROKERS’ TAKE
      • Article, Illustration
        274 8 King Corp May 30 close: S$0.32 DMG Partners Research, May 30 KWAN’s (King Wan) Q4 FY13 revenue was 2.7x that of the preceding quarter, but conservative revenue recognition led to lower margins. We expect a positive reversal in later quarters. Interest income of S$1.3 million from associates
        Source: Bloomberg  -  274 words
      • 262 8 Group May 30 close: S$1.185 Maybank Kim Eng Research, May 30 FY13 results were within our expectations with revenue of US$336 million (up 15 per cent y-o-y) and net profit of U$114 million (down 68 per cent y-o-y and up 14 per cent y-o-y excluding exceptionals). Revenue
        262 words
      • Article, Illustration
        383 8  -  Compiled by Kenneth Lim May 30 close: S$1.06 Phillip Securities Research, May 30 COURTS’ Q4 2013 earnings of S$12.6 million was marginally above our expectations on lower expenses. Sales registered in Singapore were weaker than expected, while expenses were well managed. Underlying service charges from the in-house credit
        Source: Bloomberg  -  383 words
    • 123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 58,452 58,452 121,862 121,862 Manufacturing 892,496 374,755 1,267,251 287,008 20,598 307,606 Commerce 432,192 267,912 700,104 155,028 24,488 179,516 Tpt/Stor/Comms 217,658 15,698 233,356 310,719 6,259 316,979 Finance 249,970 1,386 251,356 359,225 661 359,886 Construction 257,386 179,057
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    • 113 8 Stock name Close Change CapMallsAsia 1.950 -0.025 CapitaLand 3.510 -0.090 CapitaMall 2.140 -0.020 CityDev 10.910 +0.020 ComfortDelGro 1.935 +0.005 DBS Grp 16.970 -0.150 GLP 2.760 -0.090 Genting SP 1.470 Golden Agri 0.575 HK Land 6.940 -0.140 HPH Trust US$ 0.800 JMH 66.590 +0.280 JSH 40.650 Jardine
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    • 593 8 CURRENCIES Reuters [SINGAPORE] The Philippine peso pulled up from an 11-month low yesterday, gaining a respite from a recent selloff after data showed first-quarter economic growth was much stronger than expected. From a year earlier, the Philippine economy grew 7.8 per cent, beating a
      Reuters; PHOTO: BLOOMBERG  -  593 words
    • 52 8 VOLUME Innopac 217,881,000 Aussino 188,518,000 GblYellowPgs 180,675,000 YHM 178,280,000 WE Hldgs 158,342,000 Lorenzo 152,250,000 Magnus 127,462,000 Mirach Energy 104,119,000 UniFiber 95,834,000 IPCO Intl 88,273,000 VALUE($) DBS Grp 142,377,484 SingTel 113,204,099 GLP 85,998,792 OCBC Bk 75,224,250 CapitaLand 73,462,250 UOB 70,653,380 Ascendasreit 61,474,076 SuntecReit 57,832,390 Keppel Corp 56,480,180 SPH
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    • 116 8 BY CENTS CLOSE UP GLD 10US$ ***** 218.7 1.3 DBXT MSKorea 10US$ 5798 184.6 2.6 JMH 6659 35.4 0.4 DBXT FTVietnam 10US$ 2586 30.3 0.9 Hyflux 6% CPS 10 ***** 20.0 0.2 DBXT MSINDIA 10US$ 893 12.6 1.1 UOB 5.05%NCPS 100 ***** 10.0 0.1 Mirach Energy 16.3 9.8 150.8
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    • 130 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -102.4 -0.7 Lyxor AsiaRE 10US$ 1086 -82.2 -5.6 DBXT FTChina25 10US$ 2772 -72.1 -2.0 UOB.ES.1306 2077 -65.0 -3.0 DBXT MSINDO 10us$ 1706 -59.4 -2.7 DBXT MSAsExJp 10US$ 3330 -51.8 -1.2 DBXT MSTHAI 10US$ 2252 -51.8 -1.8 DBXT MSUSA 10US$ 4052 -40.5
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    • 5 8 DAILY
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  • Page 9 Advertisements
    • 231 9 CONGRATULATIONS on the Naming of FPSO OSX 3 May 2013 by Lady Sponsor, Mrs Anna Kac at Jurong Shipyard Converted by Sembcorp Marine's subsidiary Jurong Shipyard, the Floating Production, Storage and Offloading vessel OSX 3 is destined for the Campos Basin, on the Tubardo Martelo field offshore of Brazil. 2007
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  • Page 10 Advertisements
    • 554 10 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Industrial Government Land Sales: Land Parcel at Mandai Link MANOAl ROAD il#5 SUNGEI KAPUT AVENUE Site Information Mandai Link Location Land Area Tenure GPR Mandai Link 6,891 -2 sqm 30 years 2.5 Zoning PCP B2 (Food only) 60 months Submission of Tender Tender
      554 words
    • 252 10 In the Matter of The Companies Act, Cap. 50 And In the Matter of (1)ANEW STONE PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****2470H) (2) FOX CAFE PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****1734H) (3) FOX HOLDINGS PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg.
      252 words
    • 533 10 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding-up No. *****6 of 2002 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DAYANG CONSTRUCTION ENGINEERING PTE LTD (Registration No. *****8697G) NOTICE OF MEETING OF CREDITORS Take notice that a meeting of creditors in
      533 words
    • 449 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LYRA ASIA PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****6614W) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION Notice is hereby given that the following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the
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    • 187 10 BRIDPORT AVIATION ASIA PTE LTD UEN Co Reg No: *****0523G (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the Members of the abovenamed company will be held at 7500A Beach Road
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  • SINGAPORE NEWS
    • 514 11  -  Company’s second such facility here, it now doubles its output of chemicals By RONNIE LIM EXXONMOBIL’S second petrochemical complex here, its largest expansion project, is now fully operational, with this doubling its output of chemicals here, the oil giant announced yesterday. Dogged by some construction
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    • 478 11  -  Conference attracts 31 delegations, up from 28 last year By LEE U-WEN DEFENCE ministers and security specialists from the Asia-Pacific region are in town once again for the annual Shangri-La Dialogue that begins this evening and ends on Sunday. They are expected
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    • 371 11  -  By MARIA MALA YOGALINGAM FOUR Singaporeans have landed on Forbes Asia’s 2013 list of top philanthropists in the Asia-Pacific. They are: NClaire Chiang, co-found-er of Banyan Tree Hotel Resorts; NSam Goi, owner of Tee Yih Jia, maker of springroll skins; NWong-Mah Jia Lan,
      371 words
    • 277 11  - Rajah Tann opens new office in Cambodia By GRACE LEONG RAJAH Tann LLP, the largest law firm in South-east Asia, has enlarged its regional footprint with the opening of a new office in Phnom Penh. Led by two founding partners, Sok Khavan and Heng Chhay, R&T Sok Heng will provide
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    • 511 11  -  By GRACE NG THE Great Singapore Sale (GSS), in its 20th year this year, wants to do more than just ensure that retailers’ tills ring merrily. It wants to get into the act of charity too and even help out
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  • Page 11 Advertisements
    • 217 11 0 JlJelifrance Cofe et boulangerie a la frangaise C'ke-f CsiMsique* de. Csri(\tivn Provencal Braise Lamb Shank Slowly simmered with onions, carrots, celery, potatoes, rosemary and Provengal herbs for 16 hours to produce incredibly flavorful, succulent, fork-tender meat 23.80 r Scallops Caviar Aglio e Olio Spaghetti tossed with minced garlic in
      217 words

  • MALAYSIA/INDONESIA
    • 740 12 It blames budget terminal’s delay on non-delivery of parts of the project [PETALING JAYA] The delays plaguing the completion of KLIA2 is the result of the non-delivery of parts of the project by contractors, prompting Malaysia Airports Holdings Bhd (MAHB) to say that it
      740 words
    • 424 12 AP [NEW YORK] Indonesia’s president is receiving an award for promoting religious freedom from a New York-based foundation, prompting anger from human rights groups that say the country is not doing enough to prevent attacks on religious minorities in the world’s most populous Muslim nation.
      AP  -  424 words
  • Page 12 Advertisements
    • 1821 12 Consolidated financial statements year ended 31 December 2012 Board of Directors Balance sheet at 31 December 2012 Chairman Baudouin PROT In millions of euros 31 December 2012 31 December 2011 ASSETS Cash and amounts due from central banks 103,190 58,382 Financial instruments at fair value through profit or loss Trading
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  • Page 13 Advertisements
    • 451 13 Acquire a taste for the finer things in life. m m THE PARAGON 'TwTA Ww -w w .yw,.,. SALE p 31 -y:K^ry 1 30 JUNE 2013 .'.m T LVJWyA The sale that doesn’t discount on its experience. Mi Citibank Cards Exclusive saaa ANDREA r«N« paragon citibank Receive $40 Paragon shopping
      451 words

  • GREATER CHINA/INDIA
    • 638 14 Shuanghui will pay cash, assumed debt in a deal that values US firm at US$7.1 b three years. AFP, Bloomberg [WASHINGTON] China’s Shuanghui International moved to lock in a strong supply of US pork for the Chinese market on Wednesday with a
      three years. – AFP, Bloomberg; PHOTO: AFP  -  638 words
    • 392 14 Ipl REUTERS BREAKINGVIEWS [BEIJING] China has been rearing pigs for at least 6,000 years. Now its biggest pork producer is paying US$4.7 billion to import them from the United States. What explains the reversal? It’s not just that richer consumers demand more meat,
      392 words
    • 488 14 Bill passes first stage, awaits Cabinet approval Reuters [NEW DELHI] India has taken a step towards setting up a regulator for its coal industry, a move it hopes will improve supplies and weed out corruption in a sector that is the main source
      Reuters  -  488 words
  • Page 14 Advertisements
    • 1126 14 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NOTICE OF ANNUAL GENERAL MEETING a-ilrusl-ascendas India trust ASCENDASINDIA TRUST (Registration Number: *****04) (a Business Trust registered under the Singapore Business Trusts Act, Chapter 31 A) MANAGED BY ASCENDAS PROPERTY FUND TRUSTEE PTE LTD (Company Registration Number: *****2730D), as trustee-manager of Ascendas India Trust
      1,126 words

  • WORLD
    • 598 15 Slower inventory building, govt cutbacks overshadow gain in consumer purchases LATEST US DATA Bloomberg AP [WASHINGTON] The US economy expanded less than previously estimated in the first quarter, as slower inventory building and cutbacks in government spending overshadowed the biggest gain in consumer
      Bloomberg; AP  -  598 words
    • 401 15 Reuters [BRUSSELS] Brussels is taking Britain to Europe’s top court over its benefits rules, accusing it of denying thousands of EU citizens living in Britain the right to welfare a claim London rejects. The European Commission, the EU executive, said yesterday that two
      Reuters  -  401 words
    • 489 15 Reuters [BRUSSELS] The European Union yesterday agreed to put an end to decades of over-fishing and rebuild dwindling stocks by 2020, as part of a deal to overhaul the bloc’s fisheries policy. The agreement will put an end to annual haggling over catch quotas by
      Reuters; PHOTO: REUTERS  -  489 words
    • 434 15 Reuters [SEATTLE] Microsoft Corp is bringing back the Windows “start” button, offering a stripped-down version among a slew of improvements aimed at winning over tablet users and placating PC customers alienated by Windows 8. The world’s largest software company is looking to re-energise
      Reuters  -  434 words
    • 601 15 Tiny charge on share deals only; roll-out in full to take longer Reuters [BRUSSELS] European countries plan to scale back a proposed financial transactions tax drastically, initially imposing a tiny charge on share deals only and taking much longer than originally intended to
      Reuters  -  601 words
    • 755 18 Economy grew 7.8% from a year earlier, boosted by robust domestic spending Reuters [MANILA] The Philippines yesterday posted surprisingly strong growth in the first quarter, knocking China from pole position in Asia, driven by robust domestic consumption and government spending. The stellar pace
      Reuters  -  755 words
    • 279 18 Reuters [NEW YORK] Bangkok has edged out London as the world’s most popular air travel destination, becoming the first Asian city to earn the distinction, according to a ranking by the MasterCard Index of Global Destination Cities. The Thai capital headed
      Reuters; PHOTO: REUTERS  -  279 words
    • 462 18 Remarks follow rate cut by central bank to rein in currency Reuters [BANGKOK] Thailand’s Prime Minister said the central bank could take more action to ensure stability in the baht after Wednesday’s interest rate cut, which the government had pushed for as
      Reuters; PHOTO: BLOOMBERG  -  462 words
    • 437 18 Wealth management key as it hunts for continent’s ‘hidden’ billionaires Bloomberg [JOHANNESBURG] UBS AG, the Swiss bank seeking to boost profit from wealth management, said it plans to expand in Africa as economic growth rates surpassing 5 per cent boost demand for
      Bloomberg  -  437 words
    • 714 18 They look closer to home for returns as RBA slashes rates Bloomberg [SINGAPORE] Reserve Bank of Australia (RBA) governor Glenn Stevens has gone an interest-rate cut too far for Mrs Watanabe, as Japan’s households look closer to home for returns. Aussie uridashi sales slumped
      Bloomberg  -  714 words
    • 337 18 Bloomberg [ZURICH] Switzerland’s economy expanded more than expected in the first quarter, with private consumption helping it perform better than the neighbouring euro area. Gross domestic product rose 0.6 per cent from the fourth quarter, when it advanced by a revised 0.3 per cent,
      Bloomberg  -  337 words
    • 710 19 US$10m penalty is the largest ever against an exchange, says SEC AFP NYT [NEW YORK] The Nasdaq stock exchange on Wednesday agreed to pay a US$10 million penalty for trading glitches during the initial public offering for Facebook last year, officials said. The Securities
      AFP; NYT; PHOTO: REUTERS  -  710 words
    • 285 19 Reuters [SAN FRANCISCO] Wearable computing is emerging as the type of significant technology shift that will drive innovation in the way personal computing did in the 1980s or mobile computing and tablets are doing currently, said Kleiner Perkins Caufield Byers partner Mary Meeker
      Reuters  -  285 words
    • 762 22 Banks, even in stronger countries, burdened with bad loans and defaults NYT [FRANKFURT] The European Central Bank warned Wednesday that the eurozone’s slumping economy and a surge in problem loans were raising the risk of a renewed banking crisis, even as
      NYT; PHOTO: REUTERS  -  762 words
    • 770 22 NYT [SAN FRANCISCO] Eight years ago, Ernie Allen, the head of the International Center for Missing and Exploited Children, called the heads of major banks and credit card companies. Why, he wanted to know, were they letting child pornographers move illicit profits through their systems? And
      NYT  -  770 words
    • 478 22 AP [SAN JOSE, Costa Rica] The man who allegedly founded currency transfer firm Liberty Reserve may have paid a Costa Rican woman to marry him so he could get citizenship in the country, which lacks an extradition treaty with the United States. Deputy director
      AP; PHOTO: REUTERS  -  478 words
    • 559 22 NYT [NEW YORK] Researchers have known for some time that life expectancy is declining for the country’s least educated white women, but they have not been able to explain why. A new study has found that the two factors most strongly associated with higher
      NYT  -  559 words
    • 344 22 AFP [PARIS] Fewer Europeans are planning to go away for a summer holiday as economic austerity bites, a new study shows, with levels of foreign vacation travel at their lowest for eight years. No more than 54 per cent of Europeans are
      AFP  -  344 words
  • Page 15 Advertisements
    • 64 15 THE PEAK SELECTIONS GOURMET TRAVEL 4 Eif M 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 OF
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    • 114 15 m a g rf5» tionpurposes r ifts Premium 8 Pre SGPFX“com/reg3 WWW.SGWM' c ompet' tlor and edge atieadoftt^^^— 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
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  • COUNTRY PROFILE: KAZAKHSTAN
    • 1034 16  -  At the 6th Astana Economic Forum held recently, the crisis facing the global economy was the main focus. Vincent wee reports VINCENT WEE THE annual Astana Economic Forum (AEF) has come to gain a welldeserved reputation as an international forum to discuss crucial economic issues
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    • 574 16  -  By VINCENT WEE THE importance of national unity in achieving economic progress was reiterated at the 20th session of the Kazakhstan People’s Assembly (KPA). The session had the theme “One Nation –One Destiny”, meant to tie in with the goals of the Strategy
      574 words
    • 1096 17  -  By VINCENT WEE KAZAKHSTAN abounds with investment opportunities in diverse fields from the resources and commodities sector to the services industry. However, as the government steers its economy towards more higher value-add-ed output, Kazakhstan has some sectors it has designated as priorities for
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    • 848 17  -  Under a bold new development strategy, Kazakhstan is transforming from a resource-based economy to a broad-based one, reports Vincent wee VINCENT WEE KAZAKHSTAN has made great strides in its development as a nation and as it moves into its second decade of nationhood, wants to
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  • Page 16 Advertisements
    • 46 16 Symbolically Kazakhstan the breathtaking 62m wide, 62m deep and 62m tali Palace of Peace and Harmony V/'* A*/ ■f http://visitkazakhstan.kz/en Cook/ erf &^yeytA^ S Mm -y Wm W4M V. I K sinejunouj ueqs ua;i aip m uiqi sasu qojqM ufiuai ueiix injqneaq A|auii|qns aqi ue)sq)|eze>| A||ejn|.e|\j
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  • Page 19 Advertisements
    • 1114 19 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices (INCORPORATED IN THE REPUBLIC OF KOREA) CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 Consolidated Statements of Comprehensive Income For the years ended December 31, 2012 and 2011 (Unit: Korean Won in millions) WOORI BANK AND SUBSIDIARIES Consolidated Statements of Financial
      1,114 words
    • 1230 19 Head Office: No 7, Song Ren Road, Taipei, Taiwan (R.O.C) Singapore Branch: 6 Raffles Quay, #20-06, Singapore *****0 Tel: (65) 6593 9280, Fax: (65) 6324 1959, Co. Reg. No.: T08FC7284E BALANCE SHEET AS AT DECEMBER 31, 2012 AND 2011 Unit: NT$1,000 ASSETS 2012 2011 Cash and cash equivalents $33,496,114 $29,191,573
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  • Page 20 / 21 Advertisements
    • 57 20 / 21 US Embassy Orr r hac d Road GCBArea Chatsworth Road Grange Road Embassy ofthe Republic of Indonesia China Embassy High Commission of Brunei Darussalam Jervois Hill GCBArea Bishopsgate Mount Echo Park Jervois Road Nathan Dempsey Road Tanglin Crescent Girl’s Sch Jervois Lane GCBArea River Valley Road GCB Area Road High
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  • Page 23 Advertisements
    • 1833 23 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Wells Fargo Company and Subsidiaries (Incorporated in the United States of America)[in USD] CONSOLIDATED BALANCE SHEET December 31, (In millions, except shares) 2012 2011 ASSETS Cash and due from banks 21,860 19,440 Federal funds sold, securities purchased under resale agreements and other
      1,833 words
    • 2061 23 Head Office: 30, Avenue Pierre-Mendès-France, ***** Paris, France Singapore Branch: 50 Raffles Place #41-01 Singapore Land Tower, Singapore *****3 CONSOLIDATED BALANCE SHEET ASSETS 31/12/12 31/12/11 in millions Cash and balances with central banks 34,697) 5,567) Financial assets at fair value through profit and loss 231,870) 245,625) Hedging derivatives 2,722) 3,492)
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  • EDITORIAL & OPINION
    • 521 24 EDITORIAL SINGAPORE is now well and truly in the liquefied natural gas game, with its multi-billion-dollar LNG terminal on Jurong Island (the initial phase of which has just been completed) receiving its first commercial cargo earlier this month. But the real work in
      521 words
    • 791 24  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group FOR years, the US dollar’s role as the major global currency has been termed an “exorbitant privilege” a phrase coined by then French finance minister and later president Valery Giscard d’Estaing. Now, it
      The Washington Post Writers Group  -  791 words
    • 1019 24  -  State seems incapable of responding effectively to insurgencies in central and eastern India By ROBIN JEFFREY RONOJOY SEN The writers are with the Institute of South Asian Studies, NUS, and co-editors of ‘More Than Maoism: Politics, policies and insurgencies in South Asia
      PHOTO: AFP  -  1,019 words
    • 1199 25  -  How can Ben Bernanke manoeuvre the Fed out of QE without doing irreparable harm to the global economy? By JOERGEN OERSTROEM MOELLER The writer is Visiting Senior Research Fellow, Institute of Southeast Asian Studies; and Adjunct Professor Singapore Management University Copenhagen Business School THE crucial
      PHOTO: AFP  -  1,199 words
    • 688 25  -  By JOMO KWAME SUNDARAM The writer is assistant director-general at the Economic and Social Development Department of the United Nations Food and Agriculture Organization in Rome IN early 2012, outgoing World Bank president Robert Zoellick announced that the Millennium Development Goal of halving
      PHOTO: AFP  -  688 words
    • 304 25 LETTER TO THE EDITOR MR Denis Distant raised the matter of listing co-operatives like NTUC Fairprice and NTUC Income (“Let Fairprice take Comfort listing route”, BT May 29). NTUC Enterprise is the single largest shareholder with a
      304 words

  • Page 25 Advertisements
    • 103 25 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words

  • PROPERTY
    • 683 26  -  Tender for Sengkang executive condo saw robust competition, healthy participation By KALPANA RASHIWALA PROVISIONAL results for yesterday’s tender for an executive condominium (EC) site in the Sengkang area, like that for a Woodlands EC site which closed earlier this month, led property consultants to conclude
      683 words
    • 594 28  -  8 BTO projects are in Choa Chu Kang, Hougang, Jurong West, Sembawang and Woodlands By ONG CHOR HAO THE Housing and Development Board (HDB) has put 8,000 flats up for sale in a joint Build-to-Order (BTO) and Sale of Balance Flats (SBF) exercise.
      594 words
  • Page 26 Advertisements
    • 200 26 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D04 HOUSE FOR SALE BERTHSIDE Corner terrace. 3404/4482 sqft, 5+1 bdrms 3storey basement. Park 2 cars, private berth. KC Yong 9186 8833 ERA D04 HOUSE FOR SALE SENTOSA Priced to selI! Sandy Island. 8077/ 7828 sqft. 5+1 bedrooms. Own berth, privacy. $18.9m.
      200 words
    • 143 26 D10 HOUSE FOR SALE ILLOURA FH. Pte lift. $5.3M-$5.6M. 4+study. Rent $13K$16K. Open hse call for appt. Semi-d, GCB area D10 HOUSE FOR SALE NAMLY Namly Strata Bungalow Just TOP. Freehold, 6189 sqft, 5+1, Pte lap pool, park 2 cars. Asking $6.3M. Hurry call now Jeron Lee 9001 5060 D11
      143 words
    • 134 26 D14 HOUSE FOR SALE JALAN SUKA Apt Lor 24 Geylang. 3240 sqft. 4+1 bdrms. Best investment. Richard Ong 9647 9755 D15 HOUSE FOR SALE BUNGALOW Land 9500 sqft. Regular shape. Quiet. Near amenities. 10 rms. Move in cond. 6 cars. F’hold. $11xx psf D15 HOUSE FOR SALE FIDELIO TERRACE $3.XM
      134 words
    • 148 26 D15 HOUSE FOR SALE UPPER EAST COAST ROAD Gorgeous Baroque style interior. Freehold bunglw. 8800 sf. Entertainment room. High ceiling. 6+1 pool, park 4 cars. Sharon Lee 8101 5665 D16 HOUSE FOR SALE LUCKY ESTATE Lucky Estate 3-storey Semi-detached. 6+1. Approx 3400/ 3900 sq.ft. 15 years. Park 1 car. $4.68M.
      148 words
    • 141 26 D27 HOUSE FOR SALE SEA FRONT BUNGALOW $6.xM only!!! Beautiful cond.! 4725/8199 sf. Sea view, sea front bungalow mainland S’pore. Rare! Yvonne 9640 5550 D28 HOUSE FOR SALE SELETAR HILLS ESTATE (Hilltop). Rare! F’hold 2-sty with attic roof gdn, 6+1, pool home lift, bright serene environment. Near Greenwich Village. Chris
      141 words

  • Page 27 Advertisements
    • 413 27 D04 APARTMENT FOR SALE SENTOSA OCEANFRONT Oceanfront. 3+1 bedrooms, overlooking Yacht waterway. Resort living. 1711 sq.ft. Serious seller. George 8111 0303 KF D05 APARTMENT FOR SALE CLEMENTWOODS Rare Exclusive Corner Single-level. 5 Study Penthouse. 3197 sqft with good ceiling height. Excellent A1 renovation. NS facing. D09 APARTMENT FOR SALE ABODE
      413 words
    • 173 27 D10 APARTMENT FOR SALE REGENCY PARK Awarded interior renovation design, 3175 sf 3-rm, high flr, best/ excellent view, tenanted $12K. Ask $6.1M. Chris 9833 2020 D10 APARTMENT FOR SALE SPANISH VILLAGE Rare! 1539 sq.ft. 3 bedroom. S$2.5 Mil. Tenanted till Aug 2014. Quiet facing.Irene 9023 5325 Savills D11 21 APARTMENT
      173 words
    • 166 27 D13 APARTMENT FOR SALE SANT RITZ Sant Ritz Potong Pasir. Future Mega Mall opp. Directly on top of MRT. Unique row house avail. For special discount, call Jowell Lim 8228 9955 D13 APARTMENT FOR SALE THE MAISONS The Maisons. New freehold Braddell Heights. Near MRT, CTE, International School, NEX Mall.
      166 words
    • 175 27 D23 APARTMENT FOR SALE REGENT GROVE Exclusive 3+1 bedrooms. 1195 sf. Mid flr. Open view. Quiet. Cosy. Well kept. Mins to MRT Mall. Call Fung 9836 1496 D26 APARTMENT FOR SALE MEADOWS PEIRCE Feel like Landed. Best Price! Meadows Peirce 4+1+1. 2852sf Penthouse. Vacant. Premium facing. D05 HOUSE FOR RENT
      175 words
    • 176 27 D15 HOUSE FOR RENT 80 MEYER ROAD Cluster bunglw. Built-in 6500 sqft. 2-sty attic basement pool. Available immed. $17.5K. Also for sale. Owner 9863 5635 9727 2996 D16 HOUSE FOR RENT SEMI-DETACHED 4+1+ big garden 3600/ 2300 sqft. Quiet. Reno. Near beach. Immediate. View: www.*****783.com D19 HOUSE FOR RENT BUNGALOW
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  • Page 28 Advertisements
    • 222 28 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D04 APARTMENT FOR RENT TURQUOISE $12K. Turquoise. 4 rooms. 2433 sqft. Total unblocked sea view. No noon sun. Exclusive 9791 9900 Paul Lim (ERA) D16 APARTMENT FOR RENT CASA MERAH CONDO 2+1 Unblocked, Windy, High floor, Amenities, MRT. Choice of Full/ Partial
      222 words
    • 146 28 D09 SHOP FOR SALE CONCORDE SHOPPING MALL Concorde Shopping Mall. Prime Orchard facing. Leasehold. 1600 sqft. Suits F&B, retail, all trades. MRT. Paul Lim 9791 9900 (ERA) D09 SHOP FOR SALE LUCKY PLAZA Rare! 1970 sqft. Lucky Plaza. Freehold. Best frontage. MRT. Orchard Road. Tourist belt. Capital gain. Paul Lim
      146 words
    • 160 28 D19 FACTORY SPACE FOR SALE PRIMAX New Industrial Rd FH Selling fast!! B1 Lifestyle Light Industry. MRT!!. High ceiling 6.5m. Loading bay 40ft container. Teressa 9773 9685 D21 SHOP FOR SALE KING ALBERT PARK Freehold shop. Mix development. Outside mall with Advertisement Board. 871 sqft. High rental returns. 9446 8710
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    • 285 28 imffjjsp H. :Ljil Ifg Call *****400 enquiries@residencesatreflections.com.sg Luxurious waterfront residences FOR LEASE within walking distance toVivoCityand 5 minutes drive to Centre Business District Fully furnished 2 B bedroom apartment suites and 4 bedroom penthouse Kitchen equipped with built-in appliances and washing machine from Miele Complimentary broadband internet access Lush landscaped
      285 words

  • AVIATION/SHIPPING
    • 320 29  -  By LYNN KAN [SINGAPORE] As mega-con-tainer ships begin to hit the water, Singapore-headquar-tered port operator PSA International extends its contiguous berth to accommodate them in the Port of Fuzhou with a new deal. PSA announced yesterday that it has taken a stake in
      320 words
    • 368 29 Reuters [KUALA LUMPUR] Westports Malaysia, operator of the country’s busiest port, is expected to list on the local stock exchange in October this year in a deal that will raise up to US$500 million, two sources close to the deal told Reuters.
      Reuters  -  368 words
    • 543 29 Bloomberg [SINGAPORE] The secret to making money in shipping containers can be found in 8.4 billion bananas. That’s how much of the fruit AP Moeller-Maersk A/S, the world’s biggest container line, moved last year. The company’s reliance on refrigerated boxes helped keep it profitable as
      Bloomberg; PHOTO: AFP  -  543 words
    • 524 29  -  RM279m losses more than expected, yield below average By PAULINE NG in Kuala Lumpur SHARES of Malaysia Airlines dropped by about 4 per cent to 39 sen yesterday after the carrier widely missed profit estimates for the first three months, leading analysts to
      524 words
    • 375 29  -  Middle Eastern carriers lead with double digit growth; outlook improving By NISHA RAMCHANDANI [SINGAPORE] Global passenger traffic climbed 3.2 per cent year-on-year in April, with all regions chalking up gains, according to the International Air Transport Association (IATA). Growth was led by
      375 words
    • 190 29 [SINGAPORE] Air France and KLM Royal Dutch Airlines are offering inflight connectivity with Wi-Fi now available on two of their Boeing 777-300 aircraft. Passengers can send text messages and e-mails using their cellphones as well as surf the internet via
      190 words
    • 232 29 SGX '000 May 30 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.27 0.01 665 Cosco Corp 0.79 -0.02 4923 s$ Ezra Hldgs 0.97 0.01 3009 First Ship Lea CH Offshore Freight Links ....unch Grand Banks.............unch unch 0 Jaya Hold Ltd unch K1Ventures 0.17 unch 2044
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  • Page 29 Advertisements
    • 40 29 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY NO OFFICE, NO SHOP SPACE, NO PROBLEM Six women on their home business ventures B Indian brides moving away from heavy fabrics GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      40 words
    • 56 29 THE GREAT DIGITAL SALE 70 0/ OFF YOUR FAVOURITE /o MAGAZINES when you subscribe to 12 issues of the digital edition now! altu Mens &CK BODY Mcii'' HIAIM I,it. HIAIM Microsoft Yea or Nay Subscribe Now! Offer valid from May 15 fa July 31, 2013. Download the magazines through: Available
      56 words

  • 2665 30 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 30 Advertisements
    • 138 30 J e b e Shanghai■LaemChabang■ Chittagong l A l i■ Port Klang J e d d a h B r is 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,
      138 words
    • 18 30 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 31 Advertisements

  • SINGAPORE STOCKS
    • 3256 32 Transaction date: May 30 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote 10.4 7 AEM --AAT M Cap 188 106 AIMSAMPIReit 163 -7.5 8557 170 158 162
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    • 222 33 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 2.4 1.3 t Advanced System 1.6 unch ***** 1.8 1.6 1.6 1.7 25.4 Last Quote Div Gr Yld Net M Cap High
      222 words
    • 10727 33 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 Global Emerging Markets!** EM local Ccy Bond 1 007/ European Opportunities 1
      10,727 words
    • 262 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A43 +3 206 43 42.5 40 43 3.6 8.1 3.5 156.8 52 30 Genting HK US$ US50 unch 4775 50 49 49.5 50 3292.3
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    • 935 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118 -1 76 119 118 117.5 118.5 538.6 143 120.4 CIMB APAC Div 100S$D 143 139.2 140.1 114.4 96 CIMB
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  • FINANCE & COMMODITIES
    • 643 34 May 30 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.90 *****.16 *****.66 Jun13 *****.00 *****.00 *****.00 *****.00 *****9 *****4 Sep13 *****.00 *****.00 *****.00 *****.00 2753 ***** MSCI TAIWAN INDEX FUTURES SPOT 299.20 299.20 295.01 May13 298.40 298.70 295.00 295.52 *****7 ***** Jun13 298.30
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    • 373 34 In local curr In S$ In US$ dy yr dy yr dy yr May 29 Index Change Change Change Change Change Change World Preliminary 1074.4 -0.9 14.5 -0.9 15.3 -0.6 11.2 EAFE Preliminary 890.2 -1.1 14.9 -0.5 11.6 -0.3 7.7 Europe Preliminary 1266.0 -1.8 10.4
      373 words
    • 471 34 May 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.000 5.924 0.746 7.503 54.271 94.833 0.975 10.897 2.969 1.192 95.190 40.905 1.222 9.479 0.928 29.100 29.163 0.638 0.966 Canada 1.000 5.922
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    • 68 34 May 30 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • 136 34 May 30 GOLD(US$/oz) May 29 May 30 Hong Kong 1396.00 1417.00 May 28 May 29 London 1385.78 1387.47 1386.81 1388.37 Source: Thomson Reuters CAST BAR May 30 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128 57 5gm 364 284 10gm 650 569
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    • 92 34 May 30 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 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 99.87 99.93 99.90 5-Year N*****0T 0.5
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    • 57 34 May 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 13 2350.0 2359.0 2350.0 2330.0 144 1646 Jul 13 2380.0 2402.0 2395.0 2368.0 3049 ***** Aug 13 2380.0 2399.0 2396.0 2371.0 ***** ***** Sep 13 2374.0 2393.0
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    • 155 34 May 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2216 1.2223 0.9663 0.9666 Canadian dollar 1.2211 1.2219 0.9663 0.9659 Euro 1.6385 1.6393 1.2961 1.2964 NZ dollar 1.0251 1.0255 0.8109 0.8110 Sterling pound 1.9156 1.9166 1.5153 1.5157
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    • 109 34 May 29 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1501.75 1509.25 1519.00 1490.00 Aug 13 1429.25 1433.75 1440.75 1418.00 Sep 13 1331.50 1334.25 1340.00 1321.75 Nov 13 1288.50 1288.00 1295.00 1279.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13
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    • 95 34 May 29 COCOA (£/tonne) Close Prev High Low Jul 13 1504 1503 1507 1498 Sep 13 1510 1507 1511 1505 Dec 13 1510 1507 1512 1504 Mar 14 1507 1503 1509 1500 COFFEE(US$/tonne) Close Prev High Low May 13 1860 1890 1872 1866 Jul 13 1890 1922 1921 1884
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    • 1238 34 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Cooo) Albedo Limited W*****9 Ratio AlliedTech W*****2 Price Asiatravel.com HoldingsW*****7 1 1 25 14 Asiatravel.com HoldingsW*****5 2.2 1 27 38 BakerTech W*****5 GearBest World Intl Ltd W*****5 1.5 1 30 50
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    • 70 34 CRUDE OIL PRODUCTS May 29 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 103.00 -1.35 WTI (Near Mth) 93.04 -2.01 Dubai (1-Mth F) 101.00 0.44 Tapis blend 107.92 0.71 Minas 101.62 0.71 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.56 0.17 Jet Kerosene 116.75 0.70 US$/barrel OpecOil Basket
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    • 24 34 May 30 S$ Bid Offer 1-month 1.2642 1.2645 2-months 1.2641 1.2645 3-months 1.2641 1.2645 6-months 1.2638 1.2648 Source: OCBC Source: OCBC
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    • 66 34 May-29 May-29 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1828.50 1817.25 3 months 1863.00 1852.50 Copper, Grade A(US$/tonne) Cash 7232.00 7290.75 3 months 7265.00 7323.00 Lead(US$/tonne) Cash 2128.50 2118.00 3 months 2126.00 2119.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00 3 months
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    • 121 34 As at 9am May 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.246 1.187 Can dollar 1.244 1.197 Euro 1.676 1.597 Sterling pound 1.951 1.876 NZ dollar 1.049 1.009 US dollar 1.292 1.231 Local dollars to 100 units of foreign
      121 words
    • 161 34 May 30 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12
      161 words

  • Page 35 Advertisements
    • 326 35 w* m SUBSCRIBE TO LIANHE ZAOBAO ALL-IN-ONE BE REWARDED! mu. ksk. S®^ES*afiiPM2.5iSg *it» u '1 o N^\ PRINT ONLINE s *PM2.5»« TABLET NEW Zaobao All-In-One Subscriber or DIRECT Existing Subscriber who upgrades to Zaobao All-In-One GETS A SURE-WIN GIFT 7 Seater m s rs II i m S L zafira
      326 words

  • WINE/ARTS
    • 1266 36  -  New findings show that the antioxidant resveratrol, which is only present in red and not white wine, is believed to help in the fight against cancer, writes NK YONG NK YONG MUCH has been written about the health benefits of wine, so it might be helpful
      PHOTOS: AFP, NK YONG  -  1,266 words
    • 747 36  -  By NATALIE KOH IF you thought a play titled The Woman Who Cooked Her Husband couldn’t get any more macabre, think again. In a four-day run by Skinned Knee Productions next week, you’ll get to enjoy a full three-course meal alongside the play,
      PHOTO: SKINNED KNEE PRODUCTIONS  -  747 words
    • Around Town
      • Article, Illustration
        401 36 Shirubean Emotional Memories:Korean artist Seon Kang Wolter will showcase her clay works, which symbolise her thoughts, emotions and memories. Inspired by her life experiences from staying in both Asian and Western countries, Seon’s art is influenced by both cultures. Societe Generale Gallery at Alliance Française de Singapour, 1 Sarkies
        PHOTO: YAVUZ FINE ART  -  401 words
      • 74 36 Piano Conversations with Julian Lawrence Gargiulo: The Art of Being Silly: Spend a relaxing Saturday evening at the Botanic Gardens, where Ital-ian-American pianist Julian Gargiulo will entertain with a repertoire that includes classical pieces and jazz-inspired numbers. The musician has played concerts in Carnegie Hall and Russia’s Bolshoi Hall,
        74 words
      • 59 36  -  Compiled by Sara Yap Bigger Better Sale: Indulge in retail therapy at this online sale, where over 50 merchants will offer special discounts and offers. Participating merchants include sports label Adidas, luxury online retailer Reebonz and music store HMV. The sale takes place from today to June 9. For
        59 words
  • Page 36 Miscellaneous
    • 348 36 Across CRYPTIC CROSSWORD 1 Political group substitutes seat of government (5,5) 6 Sounds like robust greeting (4) 10 A set backing fabulous author (5) 11 Amazing bird seen round top of tree (9) 12 One’s inclined to allow end to be held (8) 13 Playwright’s digestive problem requiring nurse (5)
      348 words

  • ARTS
    • 499 37  -  By HELMI YUSOF PETER Zimmermann makes art out of pouring liquid on canvases a method that recalls late abstract maestro Jackson Pollock. But whereas Pollock’s drip paintings are characterised by their immediacy, vigour and tension, Zimmerman’s abstracts are the opposite calm, cool and almost
      PHOTOS: HELMI YUSOF  -  499 words
    • 889 37  -  Rani Moorthy, once the reigning funny queen of Singapore TV, curries flavour with a whole new audience with her one-woman play, Curry Tales, writes HELM I YUSOF HELMI YUSOF REMEMBER Rani Moorthy, the beloved, sassy comedian of the 1990s who starred alongside Kumar in the
      PHOTO: RANI MOORTHY  -  889 words
    • 783 37  -  By HELMI YUSOF BOTICELLI. Monet. Rembrandt. Pollock. Van Gogh. Picasso. Lichtenstein. Giacometti. Modigliani. “You want more?” asks art expert Marc Restellini, after rattling the impressive list of Old Masters and Modern greats, whose works will be shown at Singapore’s largest
      PHOTO: PINACOTHEQUE DE PARIS  -  783 words

  • MUSIC
    • 537 38  -  By NATALIE KOH THE idea of space has always loomed big in the history of pop music. There was David Bowie’s Space Oddity in 1969, Elton John’s Rocket Man in 1972 and most recently, Sarah Brightman’s latest album, Dreamchaser, which was released last month
      PHOTO: DEUTSCHE GRAMMAPHON  -  537 words
    • 672 38  -  Old hands and one feisty ex-First Lady show how to reminisce melodiously, writesDYLAN DYLAN TAN Hot Rod: British pop icon Rod Stewart poses for a photograph with a glass of champagne during a toast on the set designed for his upcoming tour. If Stewart’s new album,
      PHOTO: REUTERS  -  672 words
    • 550 38  -  By HELMI YUSOF IN 1987, watching Dirty Dancing the movie made you feel dirty in a good way. The dancing was spontaneous, brazen and hot. It almost made you want to grab the person seated next to you and lock loins in dance,
      PHOTO: DIRTY DANCING  -  550 words
  • Page 38 Advertisements
    • 49 38 //Msj ACADEMY 2013] Presented by C|MB 1 TJunirJ w [Children's Education Shofl^y its [SSth Birfftdav/Singapore Expo Hall 6A 14-16 June 2013,11am-9pm FREE ADMISSION »THE BEST EDUCATION Enrichment Providers Under One Roof r A LIKE US ON FACEBOOK (facebook.com/thekidzacademy w^gm For more information, visit www.thekidzacademy.com.sg Oa/7y*r T& c apply junior
      49 words
    • 60 38 LOOKING FOR A PLATFORM TO SHOWCASE AND PROMOTE YOUR PRODUCTS? M FOOD ELECTRONICS BAZMR 2013 19-21 July 2013 Singapore Expo Hall 6 4th year running Attracting more than 120,000 visitors -f F*3L_ BOOK NOW! ‘Limited booths available! For more information, please contact Ms Adeline Goh (9681 8289) gohtna@sph.com.sg Mr Frankie
      60 words

  • COVER/CINEMA
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