The Business Times, 15 February 2014

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Microfilm: NL32979
Total Pages: 40
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g FEBRUARY 15-16, 2014 S$1.00 MCI (P) 086/08/2013 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon Firms get warnings or fines
    24 1 DO-NOT-CALL BREACH THE Personal Data Protection Commission has censured several organisations for breaching the requirements of Do-Not-Call Registry. 2
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  • Article
    Lock icon Loans growth lifts Q4 profits
    27 1 BANK EARNINGS SINGAPORE’S three local banks reported robust Q4 earnings boosted by strong loans growth and broadbased gains in non-interest income. 3
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  • Article
    Lock icon Sales down 5.5% in Dec
    30 1 s’pore retail RETAIL sales fell 5.5 per cent in December, as sales of motor vehicles slumped, although sales were up from the previous month. 7
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  • Article
    Lock icon Inflation stable in Jan
    23 1 CHINA ECONOMY CHINA’S inflation remained stable in January, but this is not necessarily good news for the economy. 16
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  • Article, Illustration
    Lock icon Airshow sees deals worth US$32b sealed
    965 1  -  Figure pips 2012 show’s US$31 b sales, boosted by commercial orders and growth of regional carriers By Nisha Ramchandani nishar@sph.com.sg Singapore THE Singapore Airshow surprised on the upside with some US$32 billion worth of deals over the trade days, narrowly exceeding the US$31 billion
    PHOTO: YEN MENG JIIN  -  965 words
  • Article
    Lock icon DBS sees home prices falling by 10-15% this year
    512 1  -  But this decline will not make a material impact on the bank’s portfolio: CEO By Siow Li Sen lisen@sph.com.sg Singapore DBS Bank chief executive Piyush Gupta expects home prices to fall by 10-15 per cent this year more than the 10
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  • TOP STORIES
    • Article, Illustration
      Lock icon Firms calling numbers on Do-Not-Call list get warnings or fines
      543 2  -  Nine in 10 complaints involve unsolicited text messages; 1 00 warnings issued so far By Jamie Lee leejamie@sph.com.sg Singapore THE Personal Data Protection Commission has censured several organisations for breaching the requirements of the Do-Not-Call (DNC) Registry, said the Infocomm
      THE BUSINESS TIMES FILE PHOTO  -  543 words
    • Article
      Lock icon Corrections
      79 2 IN “CapitaMalls Asia Q4 profit up 17.1%”, we wrongly reported that the group’s revaluation gains on its properties surged 86.4 per cent from a year ago to $45.25 million in Q4 2013. We also mistook Simon Ho as group chief financial officer. The revaluation gains on properties in Q4
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    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 3,038.72 (-1.19) HSTI FUTURES 3,037.00 (-1.00) GSIMSCI 346.96 (+0.11) GSIMSCI FUTURES 346.40 (+0.60) STOCKS Friday Change KL COMP 1,819.37 +2.22 NIKKEI 225 14,313.03 -221.71 HANG SENG 22,298.41 +132.88 SET Closed JAKARTA 4,508.04 +16.38 MANILA 6,113.66 +11.94 KOSPI 1,940.28 +13.32 SHENZHEN B 855.37 +0.85 MUMBAI IND 20,366.82 +173.47 11am
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.933 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.265 (US$/S$ per 1.667 2.108 EURO (US$/S$/€ 1.371 1.733 Foreign currency per US$ S$ YEN 101.80 80.50 RM 3.318 2.623 HK$ 7.756 6.133 BAHT 32.41 25.63 RUPIAH 11,865 9,382 RENMINBI 6.065 4.796 INDIAN RUPEE 62.29 49.26 A$ 1.112 0.879 NZ$ 1.196 0.946
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    • Article
      Lock icon Loans growth lifts Q4 profits at S’pore banks
      805 3  -  DBS, OCBC, UOB see strong business momentum, healthy asset quality, and shrug off QE tapering concerns By Siow Li Sen lisen@sph.com.sg Singapore SINGAPORE’S three local banks reported robust Q4 earnings, boosted by strong loans growth and broad-based gains in non-in-terest income. All
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    • Article
      Lock icon Singapore poised to launch electricity futures in October
      677 3  -  Six-month trial is scheduled to start in April: SGX official By Ronnie Lim ronnie@sph.com.sg Singapore SINGAPORE is set to launch the trading of electricity futures this October, after a six-month trial starting in April, a Singapore Exchange (SGX) official disclosed yesterday. This
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    • Article, Illustration
      Lock icon Embraer sees more orders from Asia-Pac carriers
      495 4  -  Its E-Jets that seat 70 to 122 passengers suit carriers looking to right size fleet: official SINGAPORE AIRSHOW 2014 By Raphael Lim raphlim@sph.com.sg Singapore BRAZILIAN plane maker Embraer is expecting some more orders from airlines in the Asia-Pa-cific region this year, after a
      PHOTO: YEN MENG JIIN  -  495 words
    • Article, Illustration
      Lock icon SilkAir shows off the first of its B737S
      159 4 Singapore SILKAIR, the regional wing of Singapore Airlines, had its brand-new Boeing 737-800 aircraft on display yesterday at the Singapore Airshow. This plane is the first of 54 Boeing 737s made up of 23 737-800s and 31 of the newer 737-Maxs marking
      PHOTO: YEN MENG JIIN  -  159 words
    • Article
      Lock icon Regional jet market sees growing competition
      503 5  -  Mitsubishi, China firm enter 70 to 90-seat jet market to take on Bombardier, Embraer SINGAPORE AIRSHOW 2014 By Anthony Rowley btworld@sph.com.sg Tokyo COMPETITION is becoming fierce in the fast-growing market for “regional jets” to serve Asian cities. Japan’s Mitsubishi Heavy Industries is stepping up
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    • Article, Illustration
      Lock icon Riot police reclaim Bangkok protest site
      648 6 They favour cautious approach in operation and hope to seize back other locations soon Reuters Bangkok THAI riot police reclaimed a main Bangkok thoroughfare yesterday that has been occupied for months by demonstrators seeking to topple caretaker Prime Minister Yingluck Shinawatra, and said they
      Reuters; PHOTO: REUTERS  -  648 words
    • Article, Illustration
      Lock icon Dec retail sales down 5.5% on vehicle slump
      345 7  -  This follows sharper fall of 8.7% in Nov; excluding cars, Dec sales inch up 0.3% By Nisha Ramchandani nishar@sph.com.sg Singapore RETAIL sales fell 5.5 per cent year-on-year in December, as sales of motor vehicles slumped, although retail sales were up from the
      FILE PHOTO  -  345 words
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      Lock icon Page 2 Advertisements Column 1
      78 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-15 World 16-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Dining L2-5 Destination Dining L6-7 Living L8-10 Health L11 Home Garden L12-13 Motoring L14-15 Sports L16 Real Estate 31 JERRY LUM
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      Lock icon Page 2 Advertisements Column 2
      18 2 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices WATS NOTICES
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      Lock icon Page 7 Advertisements Column 1
      148 7 #bizjournpickuplines In case you missed it, here's how The Business Times celebrated Valentine's Day on Friday. From compounding interest to risque profiles, here are some #bizjournpickuplines Cupid's digital bow let fly. For top-notch business news and suspect finance valentines —follow BT on Twitter: @BTBreakingnews BT BT BT BT The Business
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Cancer research in his genes
      2252 8 / 9  -  Institute of Cancer Research CEO Alan Ashworth embraces constant change in tackling the dreaded disease, from his role as a scientist to his views on research. By Kenneth Lim By Kenneth Lim kenlim@sph.com.sg ENDLESS change may as well be Alan Ashworth’s calling card. The chief
      PHOTO: ARTHUR LEE  -  2,252 words
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  • COMPANIES
    • Article, Illustration
      Lock icon DBS posts 6% higher Q4 net profit of $802m
      666 10  -  Full-year down 4% at $3.7b, shares fall despite higher final dividend BANK EARNINGS By Siow Li Sen lisen@sph.com.sg Singapore DBS Group Holdings posted core net profit of $802 million for its fiscal fourth quarter, an increase of 6 per cent from
      PHOTO: ARTHUR LEE  -  666 words
    • Article
      Lock icon OCBC Q4 earnings up 8% at $715m
      898 10  -  By Cai Haoxiang haoxiang@sph.com.sg Singapore STRONG growth in net interest income and fee income helped OCBC Bank record a net profit of $715 million for its fourth quarter ended Dec 31, 2013, despite lower life insurance and trading income. This was 8 per
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    • Article, Illustration
      Lock icon UOB expects moderate growth this year
      527 11  -  Loans growth may slow but fee income will sustain momentum BANK EARNINGS By Kenneth Lim kenlim@sph.com.sg Singapore UNITED Overseas Bank (UOB) remains positive for the year ahead although it guided for slightly slower growth as fourth-quarter profits came in ahead of expectations. “Despite short-term
      PHOTO: ARTHUR LEE  -  527 words
    • Article, Illustration
      Lock icon Time to switch some funds to euro bonds, says HSBC banker
      593 11  -  By Siow Li Sen lisen@sph.com.sg Singapore PRIVATE bank clients smarting from the losses in their US bond holdings might want to consider shifting some of their funds to euro fixed income, said Brian Dunnett, senior product specialist at HSBC
      PHOTO: AFP  -  593 words
    • Article, Illustration
      Lock icon Olam’s shares rise as earnings beat forecast
      577 12  -  Q2 net profit down 1 2.5% at $1 34.9m but Patmi falls by smaller 5.2% to $1 29m By Andrea Soh sandrea@sph.com.sg Singapore OLAM International’s shares rose 2.6 per cent to $1.58 yesterday, after its second-quarter earnings released in the morning came in
      PHOTO: BLOOMBERG  -  577 words
    • Article
      Lock icon China Minzhong's Q2 net slips 6.4%
      424 12  -  By Lee Meixian leemx@sph.com.sg Singapore HIGHER costs hit China Minzhong, which yesterday reported a 6.4 per cent drop in net profit to 201.9 million yuan (S$41.9 million) for its fiscal second quarter ended Dec 31, 2013. Earnings per share of the Fu-jian-based vegetable producer
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    • Article
      Lock icon Croesus Retail Trust posts DPU of 2.02 cents for Q2
      344 12  -  By Vivien Shiao vshiao@sph.com.sg Singapore CROESUS Retail Trust (CRT), with a portfolio of four retail properties across Japan, posted a distribution per unit (DPU) of 2.02 cents for the second quarter of FY2014 ended Dec 31, 2013, 1.8 per cent
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    • Article, Illustration
      Lock icon A quiet but firm week for the STI
      634 13  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent THE Straits Times Index managed to rise on the first four trading days this week, though volume remained low throughout. he five-day gain was 25 points or 0.8 per cent to 3,038.71, with the index slipping
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    • Article
      Lock icon GLP Q3 profit jumps 56.3%
      295 13  -  By Raphael Lim raphlim@sph.com.sg Singapore GLOBAL Logistic Properties’ (GLP) third-quarter net profit grew 56.3 per cent year on year despite a slight dip in revenue. Net profit for the three months ended Dec 31, 2013, rose to US$176.2 million, or 3.53 cents per share, from
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    • Article
      Lock icon TOP 20 ACTIVES
      240 13 VOL CLOSE HanKore 238 603 1 1 .8 0 .7 6 .3 Albedo 155 6.3 664 5 .9 0 .3 5 .4 Transcu Grp 104 Transcu Grp 949 0 0.2 0.0 .0 S i ngHa i yi 82 82,142 142 1 .8 -0 .1 -5 .3 KLW
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    • Article
      Lock icon STI STOCKS
      113 13 Stock name Close Change CapMallsAsia 1.795 +0.055 CapitaLand 2.880 -0.020 CapitaMall 1.815 -0.010 CityDev 9.150 -0.070 ComfortDelGro 1.940 DBS Grp 16.48 -0.050 GLP 2.800 +0.040 Genting SP 1.390 -0.005 Golden Agri 0.520 -0.010 HK Land 6.080 +0.030 HPH Trust US$ 0.670 +0.005 JMH 54.06 +0.500 JSH 32.21 -0.270
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    • Article
      Lock icon Courts Q3 profit up 1.7% despite S’pore sales dip
      383 13  -  By Carine Lee carinel@sph.com.sg Singapore COURTS Asia Limited yesterday posted a 1.7 per cent rise in net profit to $6.27 million from $6.17 million for the fiscal third quarter ended Dec 31, 2013. The furniture, electronics and IT retailer said turnover
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    • Article
      Lock icon TOP GAINERS
      66 13 BY CENTS CLOSE UP DBXT iBoxxSvEu 5US$ ***** 2903.6 9.2 GLD 10US$ ***** 265.5 1.7 JMH 5406 63.2 0.9 IS MSCI Spore 1254 43.0 2.8 DBXT MSKorea 10US$ 6016 41.7 0.6 DBXT MSTHAI 10US$ 1813 35.4 1.6 Lyxor Europe 10 US$ 1572 34.1 1.7 Lyxor Asia EX 10US$
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    • Article
      Lock icon TOP LOSERS
      57 13 BY CENTS CLOSEDOWN DBS Bk 4.7% NCPS 100 ***** -66.0 -0.6 DBXT S&P Short 10US$ 2608 -36.7 -1.1 JSH 3221 -34.1 -0.8 Jardine C&C 3465 -34.0 -1.0 Kep Corp.ES.1402 1044 -12.0 -1.1 OCBC Bk.ES.1402 936 -9.0 -1.0 UOB 1990 -8.0 -0.4 CityDev 915 -7.0 -0.8 Great Eastern 1770
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  • SINGAPORE
    • Article
      Lock icon Pay hikes will be conservative this year: Hays
      473 14  -  With an eye on bottom line, 56% of S’pore firms may raise salaries by 3-6 per cent By Vivien Shiao vshiao@sph.com.sg MORE companies will be watching their bottom line in the coming year, and while salary increases are expected to be conservative
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    • Article, Illustration
      Lock icon Urban farming taking root
      435 14  -  By Grace Leong gleong@sph.com.sg SWEET Italian basil, heirloom tomatoes, peppermint and spearmint from Singapore’s first sustainable rooftop urban farm at *Scape in Orchard Link are now available in bars, cafes and restaurants such as Eighteen Chefs, 28 Hong Kong St and Food for Thought. The social
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    • Article
      Lock icon Fewer ads for professional positions in Q4
      377 14  -  By Jaira Koh jairakoh@sph.com.sg THE total number of job advertisements for professional positions here slipped 0.2 per cent in the fourth quarter last year, compared to the quarter before, dragged down by the financial services and engineering sectors. International recruitment consultancy Robert Walters,
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    • Article
      Lock icon Competition hots up in staff benefit market
      528 15  -  CXA acquisition of largest homegrown player seen giving the majors a run for their money By Amit Roy Choudhury amit@sph.com.sg THE acquisition by ConneXionsAsia (CXA) of Pan Group (Pan), Singapore’s largest homegrown employee benefits brokerage, is expected to give global employee benefits majors
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    • Article
      Lock icon Honours for six foreigners
      250 15  -  By Kenneth Lim kenlim@sph.com.sg SIX foreign individuals received national honours yesterday for their contributions to Singapore. Hiromasa Yonekura, chairman of Sumitomo Chemical, was conferred the highest possible national recognition for a non-Sin-gaporean with an honorary citizenship for his role in starting the Republic’s chemicals industry. The
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    • Article, Illustration
      Lock icon AUSPICIOUS WORDS IN TRADITIONAL INK
      90 15 PRESIDENT of the Nanyang Academy of Fine Arts, Choo Thiam Siew, penning a spring couplet for Bank Julius Baer at the annual Chinese New Year celebrations held at the bank’s Asia Square office on Monday. Looking on are the bank’s Singapore chief executive officer David
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  • WORLD
    • Article, Illustration
      Lock icon China inflation in Jan stable but may signal weak consumption
      731 16  -  Upside is that Beijing has more leeway to implement ambitious reform agenda By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S inflation remained stable in January, but this is not necessarily good news for the world’s second largest economy which hit its slowest
      PHOTO: REUTERS  -  731 words
    • Article, Illustration
      Lock icon 5b yuan shadow banking default on the cards
      619 17 Delinquent coal company with 30b yuan in borrowings has applied for debt restructuring Reuters Shanghai SIX Chinese trust firms have lent more than five billion yuan (S$1 billion) to a delinquent coal company, state media reported yesterday, raising the prospect of further
      Reuters; PHOTO: BLOOMBERG  -  619 words
    • Article
      Lock icon Analysts up M’sia growth forecasts
      432 17  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur ANALYSTS have revised their estimates for Malaysia’s 2014 growth upwards, with the country having reported fourth-quarter growth of 5.2 per cent, confounding the market’s estimate of 4.8 per cent. Details released by the central bank indicate that domestic demand
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    • Article
      Lock icon Volcanic eruption in Indonesia disrupts flights
      273 17 AFP Blitar, Indonesia A SPECTACULAR volcanic eruption in Indonesia has killed at least two people and forced mass evacuations, disrupting long-haul flights and closing international airports yesterday. Mount Kelud, considered one of the most dangerous volcanoes on the main island of Java, spewed red-hot
      AFP  -  273 words
    • Article, Illustration
      Lock icon London banks circumventing bonus caps
      889 18 They call their payouts role-based pay, allowances, reviewable salary NYT London A BATTLE over banker bonuses is building in this financial capital. Since the 2008 crisis, regulators around the world have tried to rein in bonuses, worried that big payouts encourage excessive risk-taking by bankers
      NYT; PHOTO: BLOOMBERG  -  889 words
    • Article
      Lock icon Tokyo to speed up US$50b stimulus as cushion against hike in sales tax
      307 18 AFP Tokyo JAPAN said yesterday that it is moving to speed up the impact of a US$50 billion stimulus package aimed at countering any slowdown from a looming sales tax hike. The rare move which sets out
      AFP  -  307 words
    • Article, Illustration
      Lock icon No taxpayer handouts for Qantas: Abbott
      437 19 But Aussie PM flags support for lifting foreign ownership curbs on the airline AFP Sydney AUSTRALIAN Prime Minister Tony Abbott yesterday said there will be no taxpayer handouts for struggling national carrier Qantas, but flagged support for lifting foreign ownership restrictions on the airline.
      AFP; PHOTO: AFP  -  437 words
    • Article
      Lock icon Lehman in US$767m Freddie Mac payoff
      304 19 Bloomberg New York LEHMAN Brothers Holdings has asked a judge to approve a US$767 million settlement with Freddie Mac to pay off a US$1.2 billion bankruptcy claim, one of the biggest remaining against the defunct bank. The deal with the govern-ment-controlled mortgage-fi-nance company will
      Bloomberg  -  304 words
    • Article
      Lock icon Avon may need up to US$132m to settle probes
      219 19 Bloomberg Washington AVON Products Inc, the world’s largest door-to-door seller of cosmetics, said it may spend as much as US$132 million to resolve criminal and civil inquiries into whether it paid bribes in China and other countries. About US$77 million was
      Bloomberg  -  219 words
    • Article, Illustration
      Lock icon Euro-area growth eases pressure on Draghi for stimulus
      573 20 Germany, France lead expansion in final quarter of 2013 Bloomberg Brussels THE euro-area economy expanded more than forecast in the final quarter of 2013, led by Germany and France, easing pressure on the European Central Bank (ECB) to take action next month
      Bloomberg; PHOTO: BLOOMBERG  -  573 words
    • Briefing
      • Article
        Lock icon Messaging app Viber sold for US$900m to Japanese company
        124 20 Reuters Tokyo Japanese e-commerce giant Rakuten Inc, controlled by billionaire Hiroshi Mikitani, will buy call and messaging app provider Viber Media Inc for US$900 million in a deal that would more than double the number of users in its digital empire.
        Reuters  -  124 words
      • Article
        Lock icon India’s 8-month low inflation figures bode well for elections
        103 20 AFP New Delhi India’s inflation fell to an eight-month low in December due to easing food prices, data showed yesterday, providing some good news for the government ahead of national elections. The Wholesale Price Index the most widely watched price barometer
        AFP  -  103 words
      • Article
        Lock icon Taiwan President’s hopes of meeting China’s Xi dashed
        132 20 Reuters Taipei China has rebuffed a request by Taiwan for Chinese President Xi Jinping and Taiwan President Ma Ying-jeou to meet at an Asia-Pacific Economic Cooperation (Apec) summit in Beijing, saying it was “inappropriate”, the island’s mainland affairs minister Wang Yu-chi said
        Reuters  -  132 words
      • Article
        Lock icon Japan Display gets US3.8b Tokyo stock exchange listing
        102 20 Reuters Tokyo Japan Display, the world’s biggest maker of screens for tablets and smartphones, has gained approval from the Tokyo stock exchange for a listing of around US$3.8 billion as the company taps one of Asia’s best-performing equity markets in the past
        Reuters  -  102 words
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      Lock icon Page 16 Advertisements Column 1
      240 16 1-for-1 Asian dishes! (Prices range from $5.00 to $18.00) Venue: PappaMia, Marina Bay Link Mall, No.8A Marina Boulevard, #B2-04, Singapore *****4 Tel: (65) 6834 4713 Website: www.pappamia.com.sg Terms Conditions: Promotion valid from 15 Feb 22 Feb 2014 Redemption time from 4pm to 8pm, Monday to Saturday only Redeemed item must
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      39 19 Care to be part of the bigger picture? Be part of the team to transform healthcare. Flip to Page R3 of today’s CATS Recruit for the full details on how you can contribute to the future of integrated healthcare.
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      7964 21 Transaction date: Feb 14 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 14 11.5 8Telecom 11.5 unch 20 11.5 11.5 11.5 12 10.6 1 9.5 55.1 20 3.3 A-Sonic 10.6 +0.2 1967 10.6
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      Lock icon SGX CATALIST
      1903 24 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 $mil 37 21 t 3Cnergy 500 27.5 27.5 31 27.1 28.5 17.1 t 800 Super 26 +0.5 246 26 25 25 26 3.2 3.8 8.1 46.5
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 3 0 0 0 4 7 3 Manufacturing 47 47 35 6 12 6 53 59 41 Commerce 15 16 24 6 1 4 21 17 28 Tpt/Stor/Comms 23 8 10
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      784 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 10 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) First REIT 13-Feb-14 Albert Saychuan Cheok Buy 30 1.03 630 0.09 660 0.09 Internet Tech 13-Feb-14 Goh
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      Lock icon SECURITIES TRADING TURNOVER
      123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,016 14,016 50,759 50,759 Manufacturing 256,299 100,180 356,479 97,782 3,863 101,645 Commerce 85,098 233,041 318,139 65,537 18,065 83,603 Tpt/Stor/Comms 91,862 425 92,287 157,056 37 157,093 Finance 37,379 71 37,450 137,884 22 137,906 Construction 61,649 74,496
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  • MARKETS
    • Article
      Lock icon LIFFE
      93 25 Feb 13 COCOA (£/tonne) Close Prev High Low Mar 14 1865 1871 1873 1851 May 14 1858 1867 1867 1846 Jul 14 1851 1859 1859 1839 Sep 14 1840 1850 1849 1829 COFFEE(US$/tonne) Close Prev High Low Mar 14 1824 1822 1846 1805 May 14 1822 1818 1841 1799
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    • Article
      Lock icon METALS
      66 25 Feb 14 GOLD(US$/oz) Feb 14 Feb 13 Hong Kong 1312.00 1293.00 Feb 13 Feb 12 London 1297.10 1292.44 1297.75 1293.66 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 26.78 26.00 Source: UOB PLATINUM Lon (US$/oz) Feb 13 Close Previous PM Fix 1397.00 1403.00 AM Fix 1395.00 1392.00 Source:
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Feb 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.162 1.107 Can dollar 1.174 1.129 Euro 1.771 1.687 Sterling pound 2.146 2.064 NZ dollar 1.080 1.039 US dollar 1.291 1.230 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 25
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    • Article
      Lock icon PALM OIL
      56 25 Feb 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 14 2649.0 553 Mar 14 2661.0 2661.0 2683.0 2652.0 875 9310 Apr 14 2670.0 2665.0 2688.0 2654.0 ***** ***** May 14 2665.0 2663.0 2683.0 2651.0 ***** *****
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 25 Feb 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.30 1-Year BY*****T 31-Oct-14 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.59 5-Year NX*****W 2.5 01-Jun-19 105.69 105.80 105.73 10-Year NX*****H
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Feb 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1368 1.1378 0.8993 0.8994 Canadian dollar 1.1526 1.1538 0.9120 0.9118 Euro 1.7326 1.7342 1.3706 1.3708 NZ dollar 1.0562 1.0578 0.8355 0.8361 Sterling pound 2.1067 2.1092 1.6666 1.6672
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    • Article
      Lock icon CHICAGO BOT
      104 25 Feb 13 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 14 1344.25 1323.00 1347.50 1322.50 May 14 1330.50 1309.75 1333.00 1309.50 Jul 14 1312.00 1292.25 1314.00 1290.75 Aug 14 1262.75 1246.00 1264.25 1245.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 14 39.54 38.99 39.60 38.95
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      Lock icon OIL
      68 25 Feb 13 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 108.34 -0.26 WTI (Near Mth) 100.25 unch Dubai (1-Mth F) 104.78 -0.48 Tapis blend 114.06 -1.34 Minas 107.06 -1.34 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.56 -0.94 Jet Kerosene 122.44 -0.78 US$/barrel OpecOil Basket Price 105.27
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    • Article
      Lock icon LONDON METALS
      72 25 Feb 13 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1700.25 1692.50 3 months 1742.00 1735.00 Copper, Grade A (US$/tonne) Cash 7142.50 7198.00 3 months 7110.00 7155.00 Lead (US$/tonne) Cash 2102.50 2100.75 3 months 2118.00 2120.00 Nickel (US$/tonne) Close Previous Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Feb 13 Index Change Change Change Change Change Change World Preliminary 1169.0 0.0 -1.3 0.1 -1.0 0.1 -1.3 EAFE Preliminary 939.5 -0.4 -1.8 0.0 -1.1 0.0 -1.4 Europe Preliminary 1359.9 0.0 0.4
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  • PERSPECTIVE
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      Lock icon Disabilities – changing the mindset
      819 26 / 27  - Disabilities changing the mindset We need to see beyond the physical disability and recognise every individual’s talent, to change the lives of billions of people. By Debra Ruh By Debra Ruh ~The writer, a diversity specialist, was recently invited by the Tripartite Alliance for Fair Employment Practices (TAFEP) and SG
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      Lock icon Communicating with individuals with disabilities
      507 26 / 27 Mobility 45Allow the individual a few minutes longer to answer questions. 45Don't be afraid to ask questions when you are unsure of what to do or you need clarification. 45If offering any assistance, always wait for a response and then follow the individual’s instructions. 45If
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  • Page 26 / 27 Miscellaneous
    • Miscellaneous
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      307 26 / 27 SATURDAY with Ludwig It’s about time we change our corporate name.’ CRYPTIC CROSSWORD Across: 5 Defying orders, perhaps, fellow learner’s joining expedition (8) 8 One female in France, say, confused and uncomfortable (6) 10 Coal’s left out to light (6) 11 Get back, i.e. revert, when ordered (8) 12 Ways
      307 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon New perspective on emerging markets
        1045 28 / 29  -  A recent study suggests that contagion is not the norm from EM crises. Those originating from developed markets are far more contagious. By Genevieve Cua WEALTH MATTERS By Genevieve Cua gen@sph.com.sg Emerging markets (EMs) have lost their sheen over a couple of years, and their
        Source: Elroy Dimson, Paul Marsh and Mike Staunton using data from Global Financial Data and Thomson Reuters Datastream; PHOTO: AFP  -  1,045 words
      • BROKERS’ TAKE
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          Lock icon Singapore Telecommunications
          375 28 / 29 Add CIMB Research, Feb 13 Feb 14 Close: S$3.58 WE upgrade our recommendation on SingTel from “hold” to “add” as we believe the concerns that plagued the company are lifting. The Australian dollar, Indonesian rupiah and Indian rupee have stabilised after depreciating by up to 23 per cent.
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        • Article
          Lock icon Boustead Singapore
          409 28 / 29  -  Compiled by Kenneth Lim Buy AmFraser Research, Feb 14 Close: S$1.70 IN line with our projections, Boustead recorded revenue of S$371.7 million for nine-month FY14, which was one per cent higher y-o-y. Profit attributable to shareholders was 16 per cent lower y-o-y as a result of one-off items
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    • WEALTH REAL ESTATE
      • Article, Illustration
        Lock icon More than 200 Riverbank units snapped up
        622 30  -  UOL Development spokesman reports strong take-up for one, two-bedroom and loft units By Lynette Khoo lynkhoo@sph.com.sg MORE than 200 units at Riverbank Fernvale in Sengkang were sold when 250 units of the 555-unit condominium project were released for sale yesterday. Hundreds of potential
        622 words
      • Article
        Lock icon Househunt
        388 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 1 AND JAN 7, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 04/01/2014 99 1507 2720 1805 One Shenton Apt 04/01/2014 99 1894
        388 words
      • Article, Illustration
        Lock icon LA luxury homes are like safe deposit boxes
        1441 31 Wealthy global investors see them as secure investments, market hedges Bloomberg Los Angeles BLUE JAY Way, a street that inspired a Beatles song, snakes above Los Angeles, lined with glassy mansions that jut like diving boards from earthquake-prone cliffs. One of the
        Bloomberg; PHOTO: BLOOMBERG  -  1,441 words
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      139 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CLASSICAL PURITY IS THE DEFINING AESTHETIC OFTHE JULES AUDEMARS COLLECTION. FOR CENTURIES THE ARTISAN HAS KNOWN THAT IT IS EASIER TO ADD THAN TO SUBTRACT. HERE HOWEVER THE MASTERY OF THE ESSENTIAL HAS PRODUCED A WATCH OF RARE PRESENCE AND UNDERSTATED
      139 words
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      57 1 LivingBTTHE BUSINESS TIMES WEEKEND FEBRUARY 15 16 2014 DESTINATION DINING The heart of Teochew food L6-7 CHEFS WITHOUT BORDERS Category-defying, progressive cooking L2-5 HEALTH Hair-raising affai r L11 PHOTO: DIBS HOME GARDEN Chateau de Holland Rd L12-13 MOTORING Hitting the high note L14 GOLF Lewis set to defend Champions title
      57 words
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Chefs without borders
        1856 2 / 3  -  Mod Sin cuisine, European with Asian accents or that dirty word fusion? A new breed of young, local chefs are looking East rather than West in their mission to create category-defying, progressive cooking. Debbie Yong reports. Debbie Yong debyong@sph.com.sg Labyrinth 5 Neil Road Hours: 7pm-11pm (Tue-Sun) Z6223
        PHOTOS: JOSEPH NAIR; PHOTOS: DIBS; PHOTOS: NUVO  -  1,856 words
      • Article, Illustration
        Lock icon More spots to get your Singapore-inspired fix
        1006 4 / 5  -  By Debbie Yong DRINKS Mars Bar Duxton Hotel lobby, 83 Duxton Road Hours: 4pm-1am daily Z9651 6714 A PHYSICAL offshoot of eight-month-old bartending events company, Mixes f rom M ars blink-and-you’ll-miss-it t h i s blink-and-you’ll-miss-it outfit is tucked away in the rather
        PHOTOS: MARS BAR, SPA ESPRIT GROUP; AH SAM  -  1,006 words
      • Article, Illustration
        Lock icon Swedish cuisine, with subtle Asian influences
        640 4 / 5  -  Bjorn Frantzen of two Michelin-star Stockholm restaurant Frantzen is giving diners here the whole Nordic experience for one night only. By Debbie Yong l By Debbie Yong WHEN leading Swedish chef Bjorn Frantzen comes to town next week, it won’t just be a few
        PHOTO: LES AMIS  -  640 words
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        Lock icon Sip and tell
        743 4 / 5  -  Jeff Bell, head mixologist of legendary Manhattan bar Please Don’t Tel l catches up with Debbie Yong over catches up with Debbie Yong over l unch and te l ls i t l i ke it i s Debbie Yong debyong@sph.com.sg YOU may find it ironic that
        PHOTO: DIAGEO  -  743 words
    • DESTINATION DINING
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        Lock icon Journey to the heart of Teochew food
        1449 6 / 7  -  Chaoshan is rich in history and culture but it is its Teochew cuisine that draws food lovers to this prefecture in China’s Guandong Province. By David Yip By David Yip AS the saying goes, you are what you eat. But few take it
        ALL PHOTOS BY MARK ONG  -  1,449 words
    • LIVING
      • Article, Illustration
        Lock icon Keeping dying trades alive
        2159 8 / 9  -  A businessman selling Peranakan tiles, a lantern maker and a tomb detective tell BT Weekend why they choose to do what they do By Rachel Loi rachloi@sph.com.sg By Tay Suan Chiang taysc@sph.com.sg Hobby turned business Aster by Kyra 22 Sin Ming Lane, Midview City, #08-76 Opening
        PHOTOS BY TAY SUAN CHIANG; PHOTO: TAY SUAN CHIANG; PHOTO COURTESY OF RAYMOND GOH  -  2,159 words
    • HEALTH
      • Article, Illustration
        Lock icon Hair-raising affair
        717 11  -  Despite the unstable economy, demand for hair-restoration procedures is on the rise. By Cheah Ui-Hoon uihoon@sph.com.sg THE unstable economy of the last couple of years may have made people pull back on their spending but it hasn’t stopped balding men from ponying up for hair transplants. In fact,
        PHOTO: TCS  -  717 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon Chateau de Holland Rd
        1003 12 / 13  -  Singapore Heart, Stroke Cancer Centre director Michael Lim designed his home to provide an European experience. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg AVISIT to Michael Lim’s home is much like visiting a chateau in France but without having to endure a
        PHOTOS: YEN MENG JIIN  -  1,003 words
    • MOTORING
      • Article, Illustration
        Lock icon Hitting the high note
        684 14  -  The tall Mazda Biante MPV impresses with an amazing amount of headroom. By Samuel Ee By Samuel Ee samuelee@sph.com.sg WHERE once a Mazda multi-purpose vehicle was either too big or too small, the Japanese carmaker seems to have got it just right with the new Biante.
        684 words
      • Article, Illustration
        Lock icon A more comfortable cat
        571 15  -  The Jaguar XJ has a more luxurious rear cabin for 2014. By Samuel Ee samuelee@sph.com.sg MORE than four years after it was launched here, the Jaguar XJ remains surprisingly fresh, like it knows more age-defying secrets than some Hong Kong actresses. The unusual fastback styling of
        571 words
    • GOLF
      • Article, Illustration
        Lock icon Lewis set to defend Champions title
        1107 16  -  Sentosa Golf Club’s Serapong course is again the venue for the HSBC tournament. By Justine Moss WHEN the seventh edition of the HSBC Women’s Champions (HSBC WC) event takes place in a couple of weeks, some of the premier names in women’s golf will
        PHOTO: HSBC GETTY IMAGES  -  1,107 words
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      974 10 wine& dine with BTWeekend Atrium Lounge Marina Mandarin Singapore 6 Raffles Boulevard, Level 4 Be spoilt with decadent sweets, cakes, scones and premium coffee or tea at only $38++ per person for weekend afternoon tea at Marina Mandarin’s Atrium Lounge. For reservations or enquiries, please call 6845 1111 or e-mail
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      216 11 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer www.shsccentre.com Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or
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      37 16 HOME NEE S c 4* Secure your home with a proper home security system. To find out more, turn to CLASS 105 in CATS Classified in A The Straits Times now. L®! Al BUY IT-SELL IT-FIND IT
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