The Business Times, 1 June 2013

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Total Pages: 47
1 20 The Business Times
  • 20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g JUNE 1-2, 2013 S$1.00 MICA (P) 075/08/2012 SCTI A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • 31 1 AIRASIA X AIRASIA X might have grown its fleet to 12 aircraft with more on the way, but it eschews the frippery that comes with size. 2
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  • 26 1 BANK LOANS BANK loans in April grew at a rapid clip though growth continued to slow on a month-on-month basis. 5
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  • 43 1 FED SPOILS PARTY SINGAPORE’S equity party hit a high note mid-May but quickly soured once the Fed arrived, and as a new month dawned the market found that its total value had slipped to $955 billion. 12
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  • 28 1 LAND SALE A PRIME commercial site between Cecil Street and Telok Ayer Street will be put up for sale by public tender. 35
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  • 968 1  -  SMEs may be hit, but NWC suggests cutting non-wage costs to retain workers By Teh Shi Ning tshining@sph.com.sg Singapore REITERATING its focus on Singapore’s lowest-paid workers, the National Wages Council (NWC) yesterday called on companies to give a minimum raise of $60 to
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  • 1070 1  -  Fragrance distributor to step into new role as a market strategist By Andrea Soh sandrea@sph.com.sg Singapore LIKE a young girl blossoming into a con f i d en t woman 27-year-old Luxasia Group is in t h e 27-year-old Luxasia Group is in
    PHOTO: YEN MENG JIIN/THE BUSINESS TIMES  -  1,070 words
  • Page 1 Advertisements
    • 48 1 the business times www. usinesstimes.com. g JUNE 1-2, 2013 S$1.00 MICA (P) 075/08/2012 WEALTH Enter a new kind of investor 30-31 MOTORING The new Wraith is not your normal Rolls-Royce L19 the raffles conversation FORMER UN STATISTICS CHIEF PAUL CHEUNG 10-11 LIVING New faces in old places L2-7
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  • TOP STORIES
    • 748 2  -  The CEO of long-haul budget carrier says his mantra is more revenue and controlling costs By Joyce Hooi joyce@sph.com.sg Singapore IF AirAsiaX’s CEO could crow, he would. But faced with that biological impossibility, Azran Osman Rani is settling for a big, fat I-told-you-so. When
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    • 378 2  -  By Joyce Hooi joyce@sph.com.sg Singapore AIRASIA X will probably join the ranks of the listed on July 10 with an initial public offering (IPO) on Bursa Malaysia that could raise up to US$300 million, but the long-haul budget carrier will keep the little guy
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    • MARKETS
      • 59 2 HSTI 3,311.37 (-24.64) HSTI FUTURES 3,312.00 (-24.00) HSIMSCI 370.53 (-3.13) HSIMSCI FUTURES 369.00 (-4.60) STOCKS Friday Change KL COMP 1,769.22 -5.70 NIKKEI 225 13,774.54 +185.51 HANG SENG 22,392.16 -92.15 SET 1,562.07 -19.25 JAKARTA 5,068.63 -61.02 MANILA 7,021.95 +68.60 KOSPI 2,001.05 +0.95 SHENZHEN B 875.94 +2.20 MUMBAI IND 19,760.30 -455.10
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      • 29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.138 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg
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      • 48 2 US$ S$ US$ (S$ per US$) 1.262 (US$/S$ per 1.521 1.920 EURO(US$/S$/€ 1.303 1.645 Foreign currency per US$ S$ YEN 100.60 79.70 RM 3.090 2.447 HK$ 7.764 6.150 BAHT 30.21 23.93 RUPIAH 9,803 7,765 RENMINBI 6.137 4.862 INDIAN RUPEE 56.58 44.82 A$ 1.042 0.825 NZ$ 1.248 0.988
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    • 686 4  -  Govt says it has pledged to lead by example, and hopes other large companies will too By Teh Shi Ning, Grace Ng tshining@sph.com.sg ngrace@sph.com.sg Singapore THE National Wages Council (NWC) yesterday called on buyers of outsourced services such as cleaning, security and landscape
      686 words
    • 483 5  -  MAS data shows 20% year-on-year jump in April total loans to $522.3b By Siow Li Sen lisen@sph.com.sg Singapore BANK loans in April grew at a rapid clip though growth continued to slow on a month-on-month basis, amid concerns over debt servicing. Total
      483 words
    • 578 6  -  Luxasia foundation trains disadvantaged women to become beauty professionals By Andrea Soh sandrea@sph.com.sg Singapore EVEN as Luxasia undergoes a metamorphosis, it is also in the process of trying to transform society. When it reached the milestone of its 25th anniversary
      578 words
    • 655 7  -  S’pore, Vietnam to elevate ties to Strategic Partnership on 40 years of bilateral relations By Lee U-Wen leeuwen@sph.com.sg Singapore SOUTH-EAST Asia will be able to remain strong and build upon its role in the international community only if the region stays united,
      PHOTO: CHEW SENG KIM/THE STRAITS TIMES  -  655 words
    • 1055 8  -  Ex-SCDF chief also deemed not a credible or truthful witness in sexual favours case By Grace Leong gleong@sph.com.sg Singapore FORMER Singapore Civil Defence Force (SCDF) chief Peter Lim was found guilty yesterday of having obtained sexual gratification from an employee of
      PHOTO: WONG KWAI CHOW/THE STRAITS TIMES  -  1,055 words
    • 504 8  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur AFTER losing his appeal against a conviction for criminal breach of trust, former Selangor menteri besar Khir Toyo maintained his innocence and claimed that he was being made a patsy to give credibility to Prime Minister Najib Razak’s fight
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  • Page 2 Advertisements
    • 114 2 CONTENTS LIVING Dining L2-7 NEWS Top Stories 2-8 Week In Review 9 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Investing 30-33 Brokers’ Take 33 Househunt 34 Real Estate 35 Travel L8-11 Home Garden L12-13 Gadgets L14
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  • Page 3 Advertisements
    • 213 3 watches o Of Switzerland 36' Momentous Years Watches of Switzerland celebrates 36 years of handcrafted legacy. With deepest gratitude for your valued support, we present the perfect moment to own that luxurious time piece. CITIBANK Q% INTEREST EQUAL PAYMENT PLAN Choose to purchase your exquisite timepieces over 36 months, at
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  • Page 4 Miscellaneous
    • 32 4 ti'ii'l JACKPOT Estimated Draw on Mon, 3 Jun 2013 at 6.30pm For details, visit www.singaporepools.com.sg (p LAYi) Always play with care. responsibly! Do not bet illegally. RGB Reg No: *****0202G E POOLS
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  • Page 5 Advertisements
    • 169 5 C//K' /o(H UA/ I f A A 1 JL UQ iTT\i-i i> A1 1 SINGAPORE OPEN HOUSE Sunday, 9 June 2013 10 am to 5pm In celebration of our 30th Anniversary the British Club is offering savings of up to $5,260 for the first 30 people who sign up as
      169 words


  • Page 7 Advertisements
    • 82 7 SINGAPORE -SWEEP1 ST PRIZE $2,300,000 2"» PRIZE $500,000 3 BD PRIZE $250,000 9 sets of 2D prizes and 2D Prize amount and 2U 'il JaKBSSf N, Draw No. 5vs> gaa®) s o6/2°i 3 v, $3 p35§0940 I 2013 «P6fl5eiS»=> DRAW ON WEDNESDAY, 5 JUN 2013 p A V(i Always play
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    • 88 7 STAMFORD CELLARS The ultimate WINE CELLARAGE Located in Asia’s only ultra-high security freeport dedicated to the storage of fine art and high value collectibles, Stamford Cellars at The Singapore FreePort is committed to absolute standards and highest level of confidentiality. Stamford Cellars the ultimate wine cellarage for wine collectors. For
      88 words


  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK May 27-31, 2013
      • 48 9 TWO ex-Singapore Exchange regulators have developed a system that promises to bring a whole new level of transparency to the capital market in Singapore. “Handshakes” has electronically uploaded information disclosed in some 16,000 documents going as far back to 1997.
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      • 47 9 WITH an eye to calming the Japanese government bond market, Bank of Japan governor Haruhiko Kuroda offered assurances on Sunday that the country’s financial institutions have sufficient buffers against losses they may incur from rises in bond yields.
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      • 49 9 SINGAPORE Press Holdings plans to list its retail properties in July to raise an estimated $1 billion in net proceeds and return 18 cents per share in a special dividend to shareholders, the media and property group announced on Monday evening.
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      • 57 9 BANKS in Singapore handled deals worth two billion yuan (S$411 million) on Monday as they rushed to mark the start of the first RMB clearing facility outside greater China. Two offshore yuan bonds totalling 1.5 billion yuan were sold and other
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      • 32 9 MALAYSIA’S opposition lawmakers on Monday urged greater transparency over the troubles afflicting a new budget terminal that has experienced numerous operational delays and cost escalations.
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      • 59 9 NEWS websites that report regularly on Singapore and have a local reach of 50,000 or more will need to be individually licensed from June 1. This is to put them on a “more consistent regulatory framework” with traditional platforms such as
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      • 41 9 IN a sign that the Singapore electronics sector may be on its way to recovery, Stats ChipPAC said on Tuesday it would be hiring 300 employees this year and investing US$500 million over three years.
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      • 43 9 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 the needs of the community by practising criminal law and family law.
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      • 36 9 AS slow growth and the pains of economic restructuring persist, Singapore has fallen another rung to place fifth on the global competitiveness rankings compiled by Swiss business school IMD.
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      • 57 9 OLAM International is hard at work, seeking to reinvent itself. In his first interview since the firm released the results of its strategic review on April 25, CEO Sunny Verghese told BT Olam is now in “active discussions” with investors on possible
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      • 39 9 THE International Monetary Fund and OECD are the latest to review downwards their growth forecast for China in 2013 after the world’s second largest economy underperformed in the first quarter.
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      • 45 9 MYANMAR has the potential to more than quadruple the size of its economy from US$45 billion in 2010 to more than US$200 billion in 2030, says the business and economics research arm of management consulting firm McKinsey Company.
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      • 70 9 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 off intensifying competition from rivals. BIG HAUL SIA’s order adds to
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    • 86 9 US DATA June 3 May ISM Mfg Index April construction spending June 4 April international trade June 5 April factory orders May ISM non-mfg index June 7 May employment situation SINGAPORE DATA June 7 May international reserves EVENTS June 4 Reserve Bank of Australia interest
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  • Page 9 Miscellaneous
    • 336 9 Across 1 Shadow disappeared? Heck! (7) 5 Finished, being nothing less than painstaking (7) 9 Switch-gear? (5) 10 Her charges are usually small (9) 11 Wild fling I’d err with female partner! (10) 12 Mythological deity article written in jest (4) 14 They come to one, from all parts of
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    • 14 9 SATURDAY with Ludwig ‘Anyone of your 10,389 friends in Facebook to act as guarantor
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  • THE RAFFLES CONVERSATION
    • 2424 10 / 11  -  Not just official indicators. Former UN statistics chief Paul Cheung says governments should also utilise location-based information and Big Data. By Anna Teo data By Anna Teo anna@sph.com.sg ENTERPRISESevery-where are awash with ever-growing data of all types proprietary, personal and public. R ea l t i
      PHOTO: ARTHUR LEE  -  2,424 words

  • COMPANIES
    • 451 12  -  Most sectors down, but quality stocks could benefit from consolidation By Kenneth Lim kenlim@sph.com.sg Singapore SINGAPORE’S equity party hit a high note mid-May but quickly soured once the Fed arrived, and as a new month dawned the market found that
      ST FILE PHOTO  -  451 words
    • 330 12 50Based on market capitalisation CURR rank may 31 2013 prev RANK apr 30 2012 mkt cap (S$m) MAY 31 2012 chng from APR 30 2012 company 1 1 SingTel 59,750.4 -4.6 2 2 Jardine Strategic 56,719.4 5.3 3 3 Jardine Matheson 56,182.1 4.6 4 4 Prudential PLC 49,528.7
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    • 292 12  -  By Lynn Kan lynnkan@sph.com.sg Singapore SHARES in offshore services provider Ezion Holdings shed 3.8 per cent in price yesterday after Ezra Holdings sold its remaining 4.17 per cent stake, representing 400 million shares, for $90 million. The stock closed trading nine cents
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    • 877 13  -  Over 60% of firms in Bain survey say region is now more important By Lynn Kan lynnkan@sph.com.sg Singapore PRIVATE equity deal-making in South-east Asia was underwhelming in 2012, but consultancy Bain Company sees a “breakthrough” in the offing. Despite high hopes for
      PHOTO: AFP; Source: SE Asia Private Equity Research Survey 2013 (SVCA/Bain)  -  877 words
    • 417 13  -  By Ong Chor Hao ongch@sph.com.sg Singapore HOTEL-focused Ascendas Hospitality Trust (A-HTrust) has priced its issue of a total of 226.4 million new stapled securities at the lower end of its indicated range, but is still set to raise
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    • 522 14  -  STOCKS Joyce Hooi joyceh@sph.com.sg Correspondent THE Straits Times Index (STI) finished the week on a glum note along with its regional peers yesterday, a fitting end to the doleful tune that played out over the week. Some lacklustre trading saw the
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    • 56 14 BY CENTS CLOSE UP GLD 10US$ ***** 88.4 0.5 UOB.ES.1306 2140 63.0 3.0 DBXT FTVietnam 10US$ 2620 42.9 1.3 UOB.ES.1305 2136 32.0 1.5 TIH 192 23.5 13.9 OCBC Bk 5.1%NCPS 100 ***** 22.0 0.2 UOB 2142 22.0 1.0 Hyflux 6% CPS 10 ***** 20.0 0.2 DBS Grp 1716
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    • 59 14 BY CENTS CLOSE DOWN DBXT MSJAP 10US$ 4249 -179.2 -3.2 JMH 6570 -112.3 -1.3 JSH 4011 -68.2 -1.3 DBXT MSINDO 10us$ 1676 -37.9 -1.8 DairyFarm 1280 -37.9 -2.3 DBXT SORA 5SG$ ***** -37.5 -0.2 Lyxor LatinAmerica 1 706 -34.1 -3.7 UOL 669 -34.0 -4.8 DBXT MSAsExJp 10US$ 3304
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    • 203 14 VOL CLOSE Armarda 371 ,51 1 2 0 0 0 0 Innopac 128 269 1 9.1 -0 2 -1 0 Po l aris 125 163 2.8 0 1 3 7 Conte l 1 1 5 ,762 8.8 0 1 1 1 GLP 104 ,034 282 6 0
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    • 113 14 Stock name Close Change CapMallsAsia 1.920 -0.030 CapitaLand 3.460 -0.050 CapitaMall 2.150 +0.010 CityDev 10.78 -0.130 ComfortDelGro 1.905 -0.030 DBS Grp 17.16 +0.190 GLP 2.820 +0.060 Genting SP 1.450 -0.020 Golden Agri 0.575 HK Land 6.950 +0.010 HPH Trust US$ 0.790 -0.010 JMH 65.70 -0.890 JSH 40.11 -0.540
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    • 572 14  -  By Kenneth Lim kenlim@sph.com.sg Singapore HIGH-QUALITY, dividend-pay-ing stocks in emerging markets offer attractive risk-reward profiles, and can form a core to support more aggressive stock picking in the region, BNP Paribas investment managers said at a conference yesterday. Arthur Kwong, the
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    • 820 15  -  Uptick started in Q4 last year, and they are lending to corporates rather than to other banks By Siow Li Sen lisen@sph.com.sg Singapore FOREIGN banks are back in Asia in a big way, growing aggressively and faster than domestic ones and putting pressure on
      Source: BIS , CEIC, Credit Suisse  -  820 words
    • 456 15  -  By Kenneth Lim kenlim@sph.com.sg Singapore GLOBAL Yellow Pages is turning a fresh page by undertaking an $88 million capital reduction, a tacit acknowledgement that its core directories business is no longer as valuable as it once believed. The company announced yesterday that it is
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  • Page 15 Advertisements
    • 573 15 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE CWU No. 78/2013 In the Matter of the Companies Act, Chapter 50 And In the Matter of IDV CONCEPTS PTE LTD (RC No. *****4307G) Between CHEW CHOON KONG (NRIC No. S*****52A) Plaintiff And IDV CONCEPTS PTE LTD (RC No. *****4307G) …Defendants
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  • FROM THE DESK OF
    • 777 16  -  The cyber-security mindset of government agencies will be centred on advanced analytics and active defence FROM THE DESK OF Robert Lau Area Vice-President, Asia-Pacific and Japan Splunk SECURITY is an ever-growing concern for the government. Every CIO and CTO is concerned with protecting
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  • SINGAPORE
    • 512 17  -  Memorial ceremony honours victims and heroes of health crisis and nation’s strength in overcoming threat By Lee U-Wen leeuwen@sph.com.sg PRIME Minister Lee Hsien Loong and many Cabinet ministers past and present yesterday marked the day when Singapore was declared Sars-free exactly a decade ago. It
      KUA CHEE SIONG/ THE STRAITS TIMES  -  512 words
    • 281 17  -  By Ng Sai Ying nsaiying@sph.com.sg SINGAPORE will host the fourth edition of the World Islamic Banking Conference: Asia Summit (WIBC Asia), which will bring together more than 480 Islamic finance players and thought leaders under one roof. Convened with the official support
      281 words
    • 355 17 INDIVIDUALS publishing views on current affairs and trends on personal websites or blogs are not subject to the licensing framework for news sites announced this week, the Media Development Authority (MDA) says. “The licensing framework only applies to sites that focus on
      355 words
    • 440 18  -  Greatest impact on country’s future comes from higher energy prices, energy shortage or water shortage: Shell poll By Maria Mala Yogalingam ymaria@sph.com.sg FOUR out of five Singapore residents are as concerned about future energy needs as with the cost of living, employment and housing
      FILE PHOTO  -  440 words
    • 374 18  -  By Felda Chay feldac@sph.com.sg A NEW award category to recognise promising young entrepreneurs was launched yesterday by the Rotary Club of Singapore and the Association of Small and Medium Enterprises (Asme) under the Entrepreneur of the Year awards (EYA) which also celebrated
      FILE PHOTO  -  374 words

  • Page 18 Advertisements
    • 263 18 THE BUSINESS TIMES SATURDAY SPECIAL Tokachi beef platter on the house! Third person dines free on a Tokachi Beef Platter worth $50 when you orderthe Tokachi beef seasonal menu for two at $198++/U P: $268++ Venue: Tajimaya Yakiniku 1 Harbourfront Walk, #01-102/103 Vivocity, Singapore *****5, Tel: 6377 0070 Website: www.tajimaya.com.sg
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  • WORLD
    • 716 19 But consumer sentiment in May hits highest level in nearly six years on rally in stocks, property prices LATEST US DATA Bloomberg Reuters Washington CONSUMER spending in the US unexpectedly declined in April as incomes stagnated, putting the biggest part of the US economy on
      Bloomberg; Reuters; PHOTO: AFP  -  716 words
    • 420 19 Reuters Tokyo APPLE hiked prices of iPads and iPods in Japan yesterday, becoming the latest and highest-profile brand to join a growing list of foreign firms asking Japanese consumers to pay more as a weakening yen squeezes income. The yen has fallen more
      Reuters  -  420 words
    • Briefing
      • 79 19 Reuters Hong Kong Bank of China and Morgan Stanley have combined to provide US$7 billion of loans to finance Shuanghui International’s record deal to buy US pork producer Smithfield Foods, people familiar with the matter said yesterday. Bank of China has provided
        Reuters  -  79 words
      • 68 19 Bloomberg LondonHSBC Holdings hired a former head of Britain’s domestic intelligence agency to help oversee its compliance efforts after the bank was fined US$1.92 billion for failings in its money-laundering controls. Jonathan Evans, a former direc-tor-general of MI5, will join as a
        Bloomberg  -  68 words
      • 80 19 Reuters Vatican City The Vatican bank is checking the account of every client including Holy See employees, its new chief said, in a campaign to root out any money-laundering at an institution prone to scandals for decades. Ernst von Freyberg’s predecessor
        Reuters  -  80 words
    • 621 20  -  But ambitious reforms are needed to turn economy around, it adds By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE Prime Minister Shinzo Abe’s economic policies were given a “so far, so good” rating yesterday by visiting officials from the International Monetary
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    • 347 20 AP Brussels UNEMPLOYMENT across the 17 EU countries that use the euro hit another record high in April, official figures showed yesterday, the latest in a series of ignominious landmarks for the ailing single currency zone. Eurostat, the EU’s statistics office, said yesterday that
      AP  -  347 words
    • 565 20 Bloomberg London UBS AG, the Swiss bank that said last year it would cut 10,000 jobs to boost profit, is now boosting investment bank salaries to catch up with rivals and retain employees, said three people with knowledge of the plan.
      Bloomberg; PHOTO: AP  -  565 words
    • 493 22 GDP grows 4.8% in Jan-March quarter; hopes of another rate cut fade Reuters New Delhi INDIA’S economic growth began a feeble recovery at the tail end of a 2012 fiscal year that saw the slowest expansion in a decade, providing little relief for a
      Reuters  -  493 words
    • 345 22 Reuters London INDONESIA-FOCUSED coal miner Bumi Plc said yesterday that it was pressing ahead with a split from its co-founding Bakrie family as it tied up a review of unit PT Berau, telling investors more than US$200 million had been
      Reuters  -  345 words


  • Page 21 Advertisements
    • 106 21 PROPERTY RENTAL YIELD TOOL How much returns can you get from your property investment? Key in asking price of the property of your choice and the estimated asking rent, and we’ll do the rest! www.stproperty.sg/property-rental-yield Property Rental Yield Tool CALCULATE PROPERTY RENTAL YIELD Asking Price (S$): Estimated Rental Price (S$):
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  • Page 22 Advertisements
    • 28 22 SINGAPORE'S HOT *>rresr Pr* «ts 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 3* HOTFMSG
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    • 49 22 Amara Sanctuary is hiring a Wedding Sales Manager National Environment Agency has vacancies for Assistant Directors Challanger has a position open for a Brand Development Manager Roche is recruiting a Product Manager Olympus is looking for a Software Engineer Check out more than 500 positions available in CATS Recruit
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  • SGX
    • 8114 23 Transaction date: May 31 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.4 8Telecom 13.5 13 13.5 10.6 0.8 11.2 64.7 8.8 3 A-Sonic 6cd -0.2 598 6.2 6 5.9 6.1 2.2
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    • 1840 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21.5 15.2 t 800 Super 19.3 -0.2 70 19.3 19.3 19.3 19.9 3.3 5.2 5.8 34.5 6.2 2.8 t AA Grp 3.5 3.1 5.5 175
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    • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 2 0 0 0 5 7 2 Manufacturing 45 63 25 5 9 15 50 72 40 Commerce 14 22 21 2 10 3 16 32 24 Tpt/Stor/Comms 11 23 10
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    • 781 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 27 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) First REIT 30-May-13 Bridgewater Int'l Buy 1445 1.24 *****0 22.61 *****5 22.82 First REIT 30-May-13 PT Sentra
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    • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 59,880 59,880 223,156 223,156 Manufacturing 413,150 305,285 718,435 272,551 27,904 300,455 Commerce 257,676 113,023 370,699 220,094 9,935 230,029 Tpt/Stor/Comms 245,785 13,259 259,044 500,282 5,081 505,362 Finance 197,458 370 197,828 935,725 171 935,897 Construction 141,313 55,151
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  • MARKETS
    • 94 27 May 30 COCOA (£/tonne) Close Prev High Low Jul 13 1500 1504 1513 1497 Sep 13 1505 1510 1517 1502 Dec 13 1505 1510 1517 1502 Mar 14 1503 1507 1514 1500 COFFEE(US$/tonne) Close Prev High Low May 13 1844 1860 1834 1832 Jul 13 1884 1890 1889 1869
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    • 65 27 May 31 GOLD(US$/oz) May 31 May 30 Hong Kong 1423.00 1417.00 May 30 May 29 London 1415.09 1387.47 1416.81 1388.37 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 29.11 28.33 Source: UOB PLATINUM Lon (US$/oz) May 30 Close Previous PM Fix 1464.00 1455.00 AM Fix 1462.00 1459.00 Source:
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    • 57 27 May 31 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 13 2334.0 2360.0 2360.0 2334.0 45 1503 Jul 13 2380.0 2391.0 2393.0 2370.0 2546 ***** Aug 13 2381.0 2397.0 2399.0 2373.0 ***** ***** Sep 13 2379.0 2396.0
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    • 92 27 May 31 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 99.91 99.96 99.96 5-Year N*****0T 0.5
      92 words
    • 155 27 May 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2117 1.2125 0.9599 0.9604 Canadian dollar 1.2211 1.2215 0.9675 0.9674 Euro 1.6452 1.6457 1.3033 1.3035 NZ dollar 1.0115 1.0124 0.8013 0.8019 Sterling pound 1.9193 1.9200 1.5205 1.5208
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    • 118 27 May 31 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.246 1.187 Can dollar 1.244 1.197 Euro 1.681 1.601 Sterling pound 1.954 1.879 NZ dollar 1.042 1.002 US dollar 1.285 1.224 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • 105 27 May 30 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 13 1495.75 1501.75 1507.50 1487.00 Aug 13 1426.75 1429.25 1435.00 1417.50 Sep 13 1334.25 1331.50 1337.00 1322.75 Nov 13 1289.25 1288.50 1293.00 1277.50 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 13 48.58 48.63 48.78
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    • STOCK MARKETS
      • 20 27 YTD change: +4.56% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,698.90 on June 4,2012 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • 21 27 YTD change: -1.17% 52-week high: 23,944.74 on Feb 4, 2013 52-week low: 18,056.40 on June 4,2012 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • 21 27 YTD change:+1.39% 52-week high: 2,444.80 on Feb 18, 2013 52-week low: 1,949.46 on Dec 4,2012 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        19 27 YTD change: +32.51% 52-week high: 15,942.60 on May 23,2013 52-week low: 8,238.96 on June 4,2012 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • 25 27 YTD change:+16.94% 52-week high: 15,542.40 on May 22,2013 52-week low: 12,035.09 on June 4,2012 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  25 words
    • 68 27 May 30 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 102.30 -0.70 WTI (Near Mth) 93.65 0.61 Dubai (1-Mth F) 99.10 -1.90 Tapis blend 105.53 -2.39 Minas 99.23 -2.39 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.17 -1.39 Jet Kerosene 115.30 -1.45 US$/barrel OpecOil Basket Price 99.77
      68 words
    • 72 27 May 30 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1876.00 1828.50 3 months 1907.00 1863.00 Copper, Grade A (US$/tonne) Cash 7286.75 7232.00 3 months 7317.00 7265.00 Lead (US$/tonne) Cash 2176.00 2128.50 3 months 2172.00 2126.00 Nickel (US$/tonne) Close Previous Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      72 words
    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr May 30 Index Change Change Change Change Change Change World Preliminary 1075.2 0.0 14.6 -0.2 15.1 0.2 11.5 EAFE Preliminary 883.6 -0.7 14.1 -0.7 10.9 -0.2 7.4 Europe Preliminary 1270.1 0.3 10.7
      373 words

  • PERSPECTIVE
    • 971 28 / 29  -  Despite its electoral power, America’s middle class is unable to counter political clout of pro-austerity financial elites that exert enormous influence on Capitol Hill Leon Hadar Washington correspondent WHEN discussing the effect that professional economists have had on economic policymaking in the aftermath of
      PHOTO: BLOOMBERG  -  971 words
    • 992 28 / 29  -  By G Panicker ~The writer was formerly with BT’s foreign desk ANEW energy era is here. For a world that has wrestled with a relentless growth in oil demand the past decade, a reverse supply shock is in the works. The techniques
      992 words

  • Wealth
    • WEALTH INVESTING
      • 1226 30 / 31 Parallel entrepreneurship involves working with multiple start-ups simultaneously instead of focusing on just one venture at a time NYT BARELY two years after its conception, Prism Skylabs has made enormous strides. The 20-person company, based in San Francisco, uses video surveillance equipment to give
        NYT; PHOTO: BLOOMBERG  -  1,226 words
      • 683 30 / 31  -  Compiled by Kenneth Lim Land transportation sector Neutral OCBC Investment Research May 31| THE recent partial stake sell-off by ComfortDelGro’s major shareholder, the Singapore Labour Foundation, re-ignited concerns over the future of Singapore’s public transportation sector and by extension, ComfortDelGro and SMRT. While the Land Transport Authority (LTA)
        683 words
      • 1120 32 Small investors often suffer losses in their investments while the big US stock brokerages rake in the big bucks NYT SOME of the brokerage firms that helped pique Americans’ interest in stocks are now luring them into something much riskier: stock options. As the
        NYT; PHOTO: REUTERS  -  1,120 words
      • 1263 33 Financial advisers list what people should do with their logins and passwords to ensure that all goes smoothly with their financial affairs if they become incapacitated or die NYT BOB Ginsberg, a retired production manager for an educational publisher, is worried that he does not know
        NYT; PHOTO: AFP  -  1,263 words
    • WEALTH REAL ESTATE
      • 387 34 Reports show housing market and economy gaining strength Bloomberg Boston US mortgage rates rose to their highest levels in a year as reports showed the housing market and economy strengthening, signalling to bond investors that the Federal Reserve may reduce efforts
        Bloomberg  -  387 words
      • 644 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAY 1 AND MAY 7, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 02/05/2013 99 861 1650 1916 V On Shenton Apt
        644 words
      • 757 35  -  Separately, JTC Corporation launches 30-year leasehold plot at Mandai Link for sale by public tender By Ong Chor Hao ongch@sph.com.sg Singapore A PRIME 99-year leasehold commercial site between Cecil Street and Telok Ayer Street will be put up for sale by public tender, after it
        757 words
      • 490 35  -  CCR sees highest increases; hikes due to Jan cooling measures By Grace Ng ngrace@sph.com.sg Singapore MEDIAN prices of new homes have risen in the first quarter, with non-landed homes trending upwards at a gradual pace, according to real estate consultants CBRE. CBRE attributed
        Source: URA  -  490 words





  • Page 36 Advertisements
    • 138 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE ROYAL OAK REINVENTS ITS HERITAGE AS THE ORIGINAL RULE-BREAKING HAUTE HOROLOGY SPORTS WATCH. THIS ICONIC PIECE CELEBRATES THE PURPOSEFUL ROYAL OAK STRONGBOX ARCHITECTURE, AND THE ARTISANAL FINESSE AND ELEGANCE OF THE ENGINE-TURNED “GRANDE TAPISSERIE” DIAL. THE USE OF 18 CARAT
      138 words

  • Page 1 Advertisements
    • 64 1 TRAVEL Walk on the wild side L10-11 HOME GARDEN Under one roof L12-13 LivingBTTHE BUSINESS TIMES WEEKEND JUNE 1 2 2013 GADGETS Transform and roll out L14 NEW FACES IN OLD PLACES Woes and wonders of gentrification L2-7 SPORTS Spoilt for choice for 'live' events L16 PHOTO: YEN MENG JIIN
      64 words

  • BT Living
    • DINING
      • 4889 2 / 3  -  Like it or not, modernisation is here to stay, and along with it, a myriad of ups and downs. BT Weekend traces how gentrification has toggled the balance between residents, new shops and generations-old businesses in seven of Singapore’s trendiest dining enclaves. By Debbie Yong
        PHOTOS: JOHN HENG, YEN MENG JIIN; PHOTOS: BH FILE PHOTO, MND; PHOTOS: ST FILE PHOTOS; PHOTOS: SINPOPO BRAND, DEBBIE YONG; PHOTOS: ROKEBY, WIMBLY LU; PHOTOS: SHELTER IN THE WOODS, BAKER & COOK  -  4,889 words
      • 526 2 / 3  -  By Debbie Yong Muchachos 22 Keong Saik Road Opens late June FOR a global food street that boasts flavours from Spanish tapas to local hawker fare and later this month, even Caribbean cuisine from upcoming res-taurant-bar Limehouse, the one thing curiously still lacking in is an
        526 words
    • TRAVEL
      • 492 8 / 9  -  Airline tie-ups with marquee designers have resulted in higher levels of inflight service that distinguish them from other, less imaginative carriers. By Tay Suan Chiang taysc@sph.com.sg FIRST class suites, business class flat beds gone are the days when just simple luxury was enough for frequent flyers.
        PHOTOS: VW+BS, QANTAS  -  492 words
      • 768 8 / 9  -  British Airways By Tay Suan Chiang WE all know how bad airplane food can taste, but even tea can taste awful at altitudes of 35,000 feet. So British Airways commissioned Twinings to come up with a brew that would taste as good in
        PHOTO: BA, QANTAS  -  768 words
      • 616 8 / 9  -  Finnair and the quirky fashion and design company up the ante for passengers. By Helmi Yusof in Helsinki Finnair By Helmi Yusof helmi@sph.com.sg FROM big poppy flower patterns to fine blueberry dots, the Marimekko look has charmed generations of shoppers searching for that uniquely designed dress, accessory
        PHOTO: FINNAIR  -  616 words
      • 1691 10 / 11  -  Get up close and personal with animals of the wild at Botswana’s Okavango Delta, one of the Seven Natural Wonders of Africa. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg DESPITE his name, Doctor Malinga Monnatsie doesn’t possess a medical degree, but here in the Okavango
        PHOTOS: GEOFFREY EU  -  1,691 words
    • HOME & GARDEN
      • Article, Illustration
        932 12 / 13  -  Best World International president Doreen Tan has a home that is big enough for everyone in the family, future grandchildren included. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg WHEN Doreen Tan’s four children said they all wanted to live under the same roof
        PHOTOS: YEN MENG JIIN  -  932 words
    • GADGETS
      • 823 14  - Transform roll out Four modular Windows 8 tablets powered by Intel’s Atom chip morph to suit your needs. By Christopher Lim By Christopher Lim limchris@sph.com.sg Asus VivoTab Smart $699 (WiFi only) or $899 (LTE), both without keyboard dock YOU have to hand it to Asus for creating Windows 8 computers
        823 words
    • HEALTH
      • 1177 15  -  Remembering Fast (Facial weakness, Arm weakness, Speech difficulty and Timing) can lead to speedier medical treatment and better outcomes. By Michael Lim By Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke and Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of
        PHOTO: REUTERS  -  1,177 words
    • SPORTS
      • 696 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent THERE has never been a better time, perhaps, to be a sports fan in Singapore these days. When once there was a dearth of “live” events taking place on these shores be it due to funding
        FILE PHOTO  -  696 words
      • 504 16  -  gold medal with lee u-wen NORMALLY, Singaporeans wouldn’t be all that keen on who the new head of the International Olympic Committee (IOC) might be. After all, only one of the IOC’s eight presidents since 1894 have hailed from outside Europe, with Avery Brundage of the
        504 words
    • GOLF
      • 976 17  - Taking a swing on, off the greens The spat between Sergio Garcia, Tiger Woods adds to the history of feuds on the fairways. By Justine Moss WORLD number one Tiger Woods and Spanish golfer Sergio Garcia had another spat recently, which further fuelled their dislike for each other, and adds
        PHOTO: AP  -  976 words
      • 252 17  -  By Justine Moss btnews@sph.com.sg THE newest tournament on the European Tour (ET) has attracted the participation of world No 1 Tiger Woods. The US$7 million Turkish Airlines Open is set to take place on The Montgomerie Maxx Royal course in Belek in Turkey’s Antalya province on Nov
        PHOTO: AFP  -  252 words
    • MOTORING
      • 631 18  -  The Toyota Vios has been transformed into a bigger and brighter sedan. By Samuel Ee samuelee@sph.com.sg WHEN the first Toyota Vios was launched more than 10 years ago, it was a cute but basic compact sedan. Still, it was much nicer than its predecessor, the Soluna,
        631 words
      • Article, Illustration
        555 19  -  The new two-door Wraith is not your normal Rolls-Royce. By Samuel Ee samuelee@sph.com.sg I T is the most powerful Rolls-Royce and the most dynamic, so much so that its handling has been described as “almost edgy”. The Rolls-Royce Wraith is the newest model with the Spirit of
        555 words
      • Article, Illustration
        584 20  -  Like all Korean models, the seven-seat Hyundai Santa Fe is value for money. By Samuel Ee samuelee@sph.com.sg IT is amazing how each new Hyundai manages to look better than the last one. The latest good-looker is the Hyundai Santa Fe seven-seat SUV. This stylish crossover embodies what the
        584 words


  • Page 6 / 7 Advertisements
    • 928 6 / 7 wine&dine with BTWeekend AquaMarine Marina Mandarin Singapore 6 Raffles Boulevard Level 4 Father’s Day Fiesta Valid on June 16, 2013 Treat dad to a scrumptious meal this Father’s Day. From International to Asian cuisines, warm his heart with irresistible dishes: Poached Whole Atlantic Salmon with Onion Marmalade Green Tea Mayonnaise,
      928 words




  • Page 14 Advertisements
    • 40 14 HOME NEE S eii iVi 11 Add some sparkle to your home with w|i|l < new lighting. r *1 To find out more, turn to CLASS 106 in CATS Classified in The Straits Times now. WATS BUY IT-SELL IT* FIND IT
      40 words