The Business Times, 17 February 2014

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Total Pages: 28
1 28 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, February 17, 2014
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  • 778 1  -  Survey findings predict S’pore Q1 GDP growth of 5.4-5.9 per cent By TEH SHI NING tshining@sph.com.sg [SINGAPORE] Business sentiment has finally turned a corner: optimistic companies outnumber pessimistic ones for the first time in more than two years, says the latest BT-UniSIM Business Climate Survey
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,038.71 +25.57 KL COMP 1,819.37 +10.78 NIKKEI 225 14,313.03 -149.38 HANG SENG 22,298.41 +661.56 SET INDEX 1,311.87 +15.38 JAKARTA COMP 4,508.04 +41.37 MANILA COMP 6,113.66 +102.52 SEOUL COMP 1,940.28 +17.78 SHENZHEN B 855.37 +17.80 MUMBAI IND 20,366.82 -9.74 DOW 16,154.39 +360.31 NASDAQ 4,244.03 +118.17 S&P
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    • 21 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.933 KOREA 5.036 JAPAN 1.475 KOREA 9.33 INDIA 0.50 Source: Bloomberg
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    • 49 1 US$ 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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  • 1166 1  -  No lease renewal for Keppel Club, Marina Bay Golf Course By ANDREA SOH sandrea@sph.com.sg [SINGAPORE] Some 200 hectares of land, roughly one third the size of Ang Mo Kio town, will eventually be freed up for other uses when the land leases for
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  • Page 1 Advertisements
    • 218 1 DINING OUT Reliable Italian fare in upscale digs PAGE 20 TOPLINE Q&M going big in China PAGE 4 BOARDROOM MATTERS A question of pay PAGE 4 VIEWS FROM THE TOP Playing a part and standing together PAGES 8-9 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories,
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  • TOP STORIES
    • 652 2  -  Analysis shows small impact, ranging from 0.5% to 6.1% of total traded value By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] Imposing a minimum share price on Mainboard-listed companies could put only a small dent in overall market turnover despite affecting a relatively higher percentage of
      Compiled by BT with data from Bloomberg, Singapore Exchange  -  652 words
    • 521 2 Brighter skies ahead for businesses BUSINESS sentiment has finally turned a corner: optimistic companies outnumber pessimistic ones for the first time in more than two years, says BT-UniSIM Business Climate Survey. FRONT PAGE 200 ha of golf course land freed up IN a move that will free up
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    • 974 2  -  Q1 earnings from 400 of S&P 500 firms beat estimates WALL STREET INSIGHT By ROB CURRAN LAST week, the stock market fought almost all the way back to par for the year as it was convinced by the new Federal Reserve chairman Janet Yellen
      PHOTO: BLOOMBERG  -  974 words
    • 423 2  -  By TEH SHI NING tshining@sph.com.sg [SINGAPORE] Companies here have an increasingly diversified range of overseas markets on their radar for expansion, according to the latest BT-UniSIM Business Climate Survey. Seven in 10 of the 147 firms polled plan to expand business activity
      Source: BT-UniSIM Business Climate Survey  -  423 words
    • 959 3  -  Tax reform may encourage more to declare earnings, raising revenue By NEIL BEHRMANN in London THE global economy, especially emerging markets, is growing much faster than official figures state. The reason is that the underground, shadow economy, now accounts for an increasing share of economic
      PHOTO: REUTERS  -  959 words

  • Page 3 Advertisements
    • 19 3 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices NOTICES CLA/FEB1 1/g
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    • 115 3 Confidence to build That’s what developers and their investors and lenders can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Businesses and financial institutions around the world partner with us to help them manage every kind of risk. Interest
      115 words

  • COMPANY NEWS
    • 1299 4  -  Q&M’s new China strategy is to acquire dental hospitals instead of clinics, reportsCAI TOPLINE CAI HAOXIANG haoxiang@sph.com.sg SINGAPORE’S largest private dental chain Q&M Dental Group is going places in China after signing four memorandums of understanding (MOUs) in the last seven months and a major deal
      ARTHUR LEE  -  1,299 words
    • 902 4  -  How to put a check on high exec salary is a question being asked today amid the debate about the growing CEO-to-worker pay ratio, says ADRIAN CHAN ADRIAN CHAN The writer is the first vice-chairman of the Singapore Institute of Directors THE compensation of top executives
      PHOTO: STOCK.XCHNG  -  902 words
    • 1580 5  -  Significant buybacks seen in Keppel Land, Bionsensors, Cordlife Group and a rare insider buy in Suntec Reit, reportsROBERT INSIDE MARKETS ROBERT HALILI The writer is managing director, Asia Insider Limited TRADING by company directors plunged in the past week, based on filings on the Singapore
      1,580 words

  • Page 5 Advertisements
    • 100 5 An Initiative By: To grow your business, start grooming young talents now. Talent is the cornerstone of every successful business. The right team can make all the difference to your company’s future. With the SME Talent Programme, you can attract and develop young individuals to drive your business further. For
      100 words
    • 184 5 SMU Master of Professional Accounting Opens up a world of opportunity I School of I Accountancy Anne Chua Head Finance CapitaCommercial Trust MPA Class of2009 Owen Hawkes Partner, Forensic KPMG, Singapore MPA Class of 2013 George Lee Director Hotel Royal Group Key Subsidiaries MPA Class of 2008 'W T d
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  • SINGAPORE MARKETS
    • 746 6  -  STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent WHAT really lies behind the poor trading conditions now in the local stock market? Is it the “emerging market (EM) fears” that seem to have hit equities here, even though Singapore is classified as “developed” within
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    • 550 6  -  COMMODITIES By JOYCE LIU The writer is an investment analyst with Phillip Futures. IN 2013, the price of gold suffered two large plunges in April and June scaring managed money away from the commodity. Overall, gold lost 28 per cent of its value
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    • 484 6 CURRENCIES Bloomberg [LONDON] The pound last week had its biggest weekly advance versus the US dollar since June on speculation that quickening economic growth will make the Bank of England (BOE) the first major central bank to raise interest rates. The UK currency
      Bloomberg  -  484 words
    • 114 6 BY CENTS CLOSE UP DBXT iBoxxSvEu 5US$ ***** 2903.6 9.2 GLD 10US$ ***** 586.5 3.8 SPDRS S&P 500 10US$ ***** 436.1 1.9 DBXT SPASX200 10US$ 3857 265.5 5.8 DBXT MSKorea 10US$ 6016 255.4 3.5 DBXT MSUSA 10US$ 4527 240.2 4.4 DBXT FTChina25 10US$ 2775 149.2 4.4 DBXT MSJAP 10US$
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    • 124 6 BY CENTS CLOSE DOWN DBXT DBLCI-OY 5US$ 3387 -150.4 -3.4 DBS Bk 4.7% NCPS 100 ***** -146.0 -1.4 IS S&P500 ***** -139.1 -0.6 DBXT S&P Short 10US$ 2608 -97.3 -2.9 DBXT iBoxxIDR 10US$ 891 -43.0 -3.7 DairyFarm 896 -16.4 -1.4 Ocean Sky 14.3 -15.2 -51.5 Jardine C&C 3465 -11.0
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    • 1496 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 1.75 4 10.43 13.57 1.72 1.42 Amtek Engineering Ltd 2.50 3.00 2 0.05 8.39 0.57 0.52 ARA Asset Management Ltd 2.29
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    • 5 6 WEEKLY
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    • 4 6 WEEKLY
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    • 77 6 Feb 14 VALUE CLOSE BT OB/OS -243.00 +101.00 BT CADI -*****.00 +2.00 BT 10-day MA -*****.00 -24.00 FTSE ST Mid Cap 703.33 +1.80 FTSE ST Small Cap 525.70 +1.10 FTSE ST All Share 739.71 +0.21 FTSE ST China Top 195.58 +0.85 FTSE ST China 221.43 +0.68 FTSE
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    • 56 6 VOLUME Transcu Grp 963,671,000 Albedo 629,110,000 HanKore 585,003,000 Charisma Energy 528,509,000 KLW Hldgs 291,361,000 Ocean Sky 251,638,000 Memstar 190,200,000 AdvanceSCT 186,108,000 SIIC Env 148,818,000 Vallianz Hldgs 145,322,000 VALUE($) SingTel 322,112,907 DBS Grp 256,086,194 OCBC Bk 206,737,866 Keppel Corp 174,149,316 UOB 170,444,675 Genting SP 138,675,221 Wilmar 110,169,730 CapitaLand
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  • Page 6 Advertisements
    • 103 6 Ask the Commodities Experts Brought to you by Phillip Futures Re Ltd (A member of PhillipCapital) At Phillip Futures www.phillipfutures.com.sg 6538 0500 futures@phillip.com.sg Co. Reg. No: *****5695G 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 Email: futures@phillip.com.sg The above information does not constitute an investment advice, an offer/solicitation
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  • SINGAPORE NEWS
    • 851 7  -  Building solutions providers and chiller makers see it as a new growth area By GRACE LEONG gleong@sph.com.sg AS Singapore’s green building movement gains traction, some large integrated building solutions providers and chiller manufacturers have seen growing demand to retrofit existing buildings and identified
      851 words
    • Article, Illustration
      464 7  -  By MINDY TAN tanmindy@sph.com.sg Royal Plaza on Scotts spreads the love ROYAL Plaza on Scotts and the beneficiaries from the Ang Mo Kio Family Service Centres (AMKFSC) spread some love on Valentine’s Day, as they raised funds for the Asian Women’s Welfare Association (AWWA) Community Home for Senior
      464 words
    • 378 7  -  Feedback to Reach included social support for vulnerable groups By TEH SHI NING tshining@sph.com.sg BOOSTING the employment prospects of Singaporean PMETs (professionals, managers, executives and technicians), raising the CPF contribution rates for older workers, healthcare costs and social support for
      378 words
    • 178 7 COMPANY MEETING PLACE DATE TIME Unionmet (S) Ltd E RELC International Hotel Room 503 Level 5 30 Orange Road 25-Feb 10.00am China Flexible Pkg A Hotel Fort Canning 11 Canning Walk 26-Feb 9.00am Hai Leck Holdings E 47 Tuas View Circuit 26-Feb 10.00am Singhaiyi Group E Pan Pacific
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    • 1332 7 Payment Ex Rec Pay Ann (cts) date date date date AIMS Prop Securities (Sep-Dec 13) ct 0.150 27-Dec 31-Dec 21-Mar 18-Dec AIMSAMPI Reit (1 Oct-31 Dec 13) ag 2.770 06-Feb 10-Feb 27-Mar 29-Jan Amtek aw 1.300 21-Feb 25-Feb 07-Mar 14-Feb Ascendas REIT (1 Oct-31 Dec 13) ag 3.540
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    • 275 7 Feb 14 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd ...5.50 Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia ...5.50 Bank of Communications Bank of Taiwan Bank of Tokyo-Mitsubishi Banque Internationale a Barclays Bank PLC
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  • Page 7 Advertisements

  • VIEWS FROM THE TOP
    • 4108 8 THIS WEEK’S TOPIC: Is the concept of Total Defence still relevant to a business organisation today? How can businesses and corporates contribute towards national defence? Kwek Leng Joo Deputy Chairman City Developments Limited SINGAPORE’S economic progress and prosperity are founded on national security. Total
      FILE PHOTO  -  4,108 words

  • Page 9 Advertisements
    • 118 9 PATRON OF THE ARTS Be among the esteemed individuals and leading organisations that will be recognised for their contributions towards the arts at the Patron of the Arts (POA) Awards 2014. The POA Awards 2014 will recognise contributions made between 1 January 2013 to 31 December 201 3. Do not
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1879 10  -  Reits, with their high liquidity and lower capital requirement, are a good option, especially for a beginner, saysCAI CAI HAOXIANG haoxiang@sph.com.sg PROPERTY investing has always been popular in Asia and especially in land-scarce Singapore. The common conception of how one can invest in property
      FILE PHOTO  -  1,879 words
    • 876 10  - Location location, location It is easy to say that location is important for property, but the details are tricky MONDAY MULTIPLE CAI HAOXIANG haoxiang@sph.com.sg Correspondent WHEN we buy property, we are told that location is all that matters. But defining a good location is easier said than done. Does it
      FILE PHOTO  -  876 words
  • Page 10 Advertisements
    • 156 10 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      156 words

  • MALAYSIA/INDONESIA
    • 792 11 O&G investor Quek Leng Chan believed to have bought 268.79m shares A BIG block of shares has changed hands in Scomi Energy Services Bhd, likely to savvy oil and gas (O&G) investor Quek Leng Chan, sources say. The banker,
      792 words
    • 334 11 it will issue up to RM3b of Islamic bonds to boost working capital, reserves Reuters [SINGAPORE] AMMB Holdings, Malaysia’s fifth-largest lender, said that its syariah-compliant unit would issue up to RM3 billion (S$1.14 billion) of Islamic bonds, the first sukuk from east
      Reuters  -  334 words
    • 1403 11 VOL Feb 14 RM +/-(‘000) VOL Advance Synerg 0.15 unch 861 Adventa Bhd 1.05 Ae Multi Hldgs 0.21 0.01 177 Affin Holdings 4.13 0.05 4 Ahmad Zaki Res 0.82 -0.01 140 Airasia Bhd 2.39 0.09 4270 Alliance Finan 107 Aluminium Co 0.65 0.03 16 Amalgamated In unch Amcorp
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    • 414 11 Bloomberg [JAKARTA] Indonesia’s only listed Islamic bank plans to start offering gold-backed loans this year for the first time to take advantage of growth that’s more than twice that of regular Shariah-compliant lending. PT Bank Panin Syariah is considering introducing the financing option
      Bloomberg; FILE PHOTO  -  414 words
  • Page 11 Advertisements
    • 186 11 A Forum for Workplace Health Promotion Practitioners and HR Managers WINNING WAYS IN WORKPLACE HEALTH A healthier workplace has potential benefits for both the employee and employer EMPLOYER may be able to look forward to better staff morale, reduced absenteeism and improved productivity EMPLOYEE feel healthier and happier, lower medical
      186 words

  • GREATER CHINA/INDIA
    • 931 12 Data add to better-than-expected trade numbers to suggest China can limit scale of any slowdown Bloom berg [BEIJING] China’s new credit rose to a record last month, supporting growth in the world’s second-biggest economy while underscoring risks to the financial system from defaults
      Bloomberg  -  931 words
    • 749 12 Bail-in will indicate RBI’s attitude in enforcing standards IFR [SINGAPORE] A worsening capital crisis at one of India’s smaller state-owned lenders is setting the scene for Asia’s first test of regulators’ attitudes towards subordinated bank capital. Kolkata-based United Bank of India
      IFR  -  749 words
    • 633 12 Reuters [SHANGHAI] Aston Martin has become the latest global company to feel the ire of China’s state media, facing accusations that the luxury carmaker invoked a stereotype of low-quality ‘Made in China’ manufacturing in a sweeping recall to mask its
      Reuters; PHOTO: REUTERS  -  633 words
    • 383 12 Bloomberg [WILMINGTON, Delaware] China’s Wanxiang Group won an auction for Fisker Automotive Holdings, the maker of luxury plug-in hybrid cars, with a US$149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy. Wanxiang topped Hybrid Tech Holdings
      Bloomberg  -  383 words
  • Page 12 Advertisements
    • 117 12 3-DAY MARKET TIMING PROGRAM The speakers: You will learn: ~How to apply rules based strategy to any and all markets including Options, Futures, Forex and Stock. ~The core strategy rules to buy and sell exactly where the largest banks and institutes are buying and selling. ~Risk Management for low risk,
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    • 62 12 iv;'"-'- Specialist for Company Trips rust Our Knowledge For All Your Travel Needs 4 (S) budget tour Planners Beyond Expectations Company Incentive Trips Church Retreat Packages Free Easy Air Packages Customised Pilgrimage Tours Malaysia Coach Tours Local Sightseeing Tours Coach Hire (Singapore Malaysia) Cruises BudgetTour Planners Pte Ltd 51 Cuppage
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  • WORLD
    • 456 13 Breffni Barrett says takeover price and process unfair Bloomberg [NEW YORK] A Time Warner Cable Inc shareholder sued to block Comcast Corp’s proposed US$45.2 billion takeover, saying that the merger of the two biggest US cable TV companies faces high regulatory hurdles
      Bloomberg; PHOTO: REUTERS  -  456 words
    • 290 13 Reuters [NEW YORK] Kickstarter, the fundraising platform used by millions of people to raise capital for creative projects and businesses, said on Saturday that hackers had gained access to some of its customers’ data earlier last week but that the breach had been repaired. “No
      Reuters  -  290 words
    • 460 13 The thorny issue of increasing debt limit unlikely to surface before mid-2015 Bloom berg [RANCHO MIRAGE, California] President Barack Obama signed bills raising the nation’s debt limit and scaling back benefit cuts for US military retirees, taking two issues with economic
      Bloomberg; PHOTO: REUTERS  -  460 words
    • 723 14 A record 53% of diplomats are political appointees in his second term AFP [WASHINGTON] US foreign policy circles are complaining about the record number of political appointees, especially big donors to President Barack Obama, getting plum postings at embassies around
      AFP; PHOTO: AFP  -  723 words
    • 340 14 Move is to avoid e-mails, data passing through US Reuters [BERLIN] German Chancellor Angela Merkel said that she would talk to French President Francois Hollande about building up a European communication network to avoid e-mails and other data passing through the United States. Mrs Merkel,
      Reuters  -  340 words
    • 311 14 AFP [ATHENS] Greece in 2013 registered a budget surplus of more than 1.5 billion euros (S$2.6 billion), exceeding requirements for additional debt aid, Prime Minister Antonis Samaras said yesterday. “We have created a primary surplus in 2013 when the target was for
      AFP  -  311 words
    • 332 14 Second phase of ECB’s yearlong asset quality review to ensure enough capital held Bloomberg [MUNICH] Hundreds of auditors will arrive at euro-area banks as soon as this week to examine their accounting procedures and scrutinise their loan books as the European Central Bank’s
      Bloomberg  -  332 words
    • 677 16 UK rates staying low until economy strong enough Bloomberg [LONDON] Bank of England Governor Mark Carney said that headwinds to the economic recovery that are keeping UK interest rates at a record low will persist and borrowing costs won’t rise until more slack in
      Bloomberg  -  677 words
    • 819 16  -  Development may have major political, financial, economic impact By Tokyo ANTHONY ROWLEY in Tokyo JAPANESE prime minister Shinzo Abe’s administration is beginning to signal its alarm that “Abenomics” policies may be losing some traction a development that could have major political and financial as
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    • 489 16 Reuters [BANGKOK] Thai police and a prominent protest leader failed to reach a deal yesterday to reopen state offices and roads in Bangkok that have been occupied for months by protesters seeking to overthrow caretaker Prime Minister Yingluck Shinawatra. Talks with Buddhist
      Reuters; PHOTO: AFP  -  489 words
    • 324 16 AFP [SEOUL] South Korean regulators on Sunday suspended some operations of three credit card firms as punishment for the unprecedented theft of financial data of more than 20 million people. The country’s largest-ev-er theft of personal financial data from KB Kookmin
      AFP  -  324 words
    • 499 18 New report says Canberra tapped Jakarta officials during US trade row AFP [SYDNEY] Australian Prime Minister Tony Abbott said yesterday that his government used intelligence material “for the benefit of our friends” and “to uphold our values” following fresh reports that it
      AFP  -  499 words
    • 384 18 Bloomberg [JAKARTA] US Secretary of State John Kerry said that global warming is as big a threat as terrorism in a speech in the world’s largest exporter of coal for power plants. Speaking in the Indonesian capital Jakarta, the
      Bloomberg  -  384 words
    • 607 18 Even tycoon Richard Branson is singing the service’s praises AFP [TALLINN, Estonia] Irked by high bank fees on international money transfers, two Estonian IT whizzes who helped engineer Skype and Paypal have hatched Transferwise, a global Internet platform coordinating
      AFP  -  607 words
    • 193 18 Reuters [TOKYO] Heavy snow hit Tokyo and other parts of eastern Japan over the weekend, leaving 12 people dead, hundreds of thousands of households without electricity, and causing major disruptions to air and ground traffic. Tokyo saw as much as 27 cm
      – Reuters; PHOTO: REUTERS  -  193 words
    • 871 18 Unions have started demanding wage hikes from firms AFP [TOKYO] Japan’s unions have started demanding wage hikes from cash-rich firms as annual pay talks get under way, setting up a rare showdown after years of drama-free labour relations. Unionists are questioning if usually
      AFP; PHOTO: BLOOMBERG  -  871 words
  • Page 13 Advertisements
    • 101 13 It’s Time 19 whatsapp chat groups 65 new emails 11 voicemails waiting Time’s ticking and so is lunch at Edge. $50 for buffet lunch from Mondays to Fridays; book 5 days in advance for 50% savings, 4 days in advance for 40% savings and... you get the picture. Don’t stop
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  • Page 14 Advertisements
    • 1712 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices IN THE MATTER OF THE COMPANIES ACT (CAP 50) AND IN THE MATTER OF KIAW AIK INVESTMENT PTE LTD Company Regn No: *****0385R At an Extraordinary General Meeting of the Company held at Room 2500, Dominion Centre, 43-59 Queen’s Road East,
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    • 369 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PROFESSIONAL COMPUTER TECHNOLOGY PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****3383C NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
      369 words

  • Page 15 Advertisements
    • 332 15 STAND TO WIN a Samsung GALAXY Tab 3 (8.0”) WiFi daily when you subscribe at our roadshow locations 2:00 I F". May 31 u 1 TAM PINES MALL SIDECONCOURSE 17-23 FEB 2014 11 AM-10PM IT EXPO 2014 SINGAPORE EXPO HALL 4B, 21-23 FEB 11 AM-9PM THE STRAITS TIMES WHEREVER YOU
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  • Page 16 Advertisements
    • 246 16 MyPaperiffl ANCE SERIES POWERFUL INVESTMENT INSIGHTS TO RIDE OUT UNCERTAINTIES AND GALLOP AHEAD IN 2014 Are we heading towards a ‘Goldilocks’ economy? How will global factors influence the economic climate and investment outlook for SEMINAR 2 currencies, commodities, Singapore and the world economy? Don’t miss this opportunity to tap the
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    • 160 16 IN THE MATTER OF THE COMPANIES ACT, CAP 50 and IN THE MATTER OF FACEWORKS BEAUTY STUDIO PTE LTD Company Regn No *****2974Z (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before 17 MARCH
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  • Page 17 Advertisements
    • 448 17 STPROPERTY 111 ilitiLyy F<<svs. 7'—* EXPO MARCH 2014 t s. ~fR Let STProperty bring Malaysia's most established property developers to you! Get acquainted with the latest projects in the Malaysian market. Give yourself an edge in improving your investment portfolio with all these resources at your fingertips. I Jld v
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  • Page 18 Advertisements
    • 76 18 W IFBO VIETNAM 2014 International Franchise Business Opportunities 28-30 May 2014 Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam r Vietnam A strong lure for foreign companies Rising incomes, Emerging middle class, Request for the floor plan and participating rates! Book early to reserve your prime booth location!
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  • AVIATION/SHIPPING
    • 428 19 ‘Business people worldwide should think twice about investing in Australia’ AFP [SYDNEY] British tycoon Richard Branson warned in full-page newspaper ads yesterday against possible Australian government help for national carrier Qantas, urging business to “think twice” about investing in the country. Mr Branson, whose
      AFP  -  428 words
    • 211 19 Bloomberg [SINGAPORE] BOC Aviation Pte said it is in final talks to lease 20 Airbus Group NV A320 aircraft to a new Indian airline founded by Singapore Airlines Ltd and Tata Group. “We are on schedule in terms of timing,” BOC Aviation’s
      Bloomberg  -  211 words
    • 561 19 Rules to take effect from July a setback for Brazil’s Vale Reuters [SINGAPORE] China will only allow ships with capacity of up to 250,000 deadweight tonnes to berth at its ports from July 1, its transport ministry said, effectively keeping a ban on
      Reuters; PHOTO: BLOOMBERG  -  561 words
    • 245 19 SGX '000 Feb 14 S$ +/-Vol Ch Offshore 0.42 -0.01 136 Chuan Hup Hldg 0.26 0.01 64 Cosco Corp 0.71 0.01 527 Cwt Limited...............1.28 0.01 100 Ezra Hldgs 1.02 0.04 3383 First Ship Lea unch unch 0 Grand Banks 0.22 -0.01 70 Jaya Hold Ltd 0.77 unch 129
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    • 412 19 Move would allow it to deposit funds with the ECB Reuters [PARIS] Airbus Group pressed ahead with post-Lehman plans to acquire its own banking licence, saying that it would buy small German lender Salzburg Muenchen Bank AG to boost its financing options.
      Reuters  -  412 words
    • 236 19 Bloomberg [TOKYO] AirAsia Bhd has decided on partners and top executives for a new discount airline in Japan after ending its tie-up with ANA Holdings last year. The co-investors include listed companies, said Tony Fernandes, the Malaysian low-cost airline’s group chief executive
      Bloomberg  -  236 words
  • Page 19 Advertisements
    • 135 19 Myanmar Civil Aviation Development Conference 2014 24 26 March 2014 I Yangon, Myanmar Group booking is available too! Enjoy up to 20% discount* if you sign up in groups of 3 or 6. Terms and conditions apply To register, visit www.mcadc.sphereconferences.com or contact Jiahui at jiahui@sphereconferences.com or +65 6848 5378
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    • 316 19 m WMl Share Investor OPTIMISING YOUR STOCKS INVESTMENT! PORTFOLIO] m Most investors would hold a number of stocks in their portfolio. However, most do not have a proper strategy of planning the type and quantity of stocks to buy. They will buy and sell each stock as independent counters. In
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  • Page 19 Miscellaneous
    • 301 19 CRYPTIC CROSSWORD Across 1 Have trouble getting up? (7) 5 Is a name recollectable? Not with this (7) 9 City that captivated Helen (5) 10 Promise that makes both alter (9) 11 Work on site can cause obstruction (10) 12 It needs a key first for opening (4) 14 Badly
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  • DINING OUT
    • 952 20  -  Gattopardo moves from Fort Canning to Tras Street serving up a no-surprises, seafood-focused menu, writesJAIME JAIME EE jaime@sph.com.sg NEW RESTAURANT Gattopardo Ristorante di Mare 34/36 Tras Street Tel: 6338-5498 Open Mon to Frifor lunch and dinner: 12pm to 2.30pm; 6.30pm to 10.30pm. Dinner only
      PHOTOS: JOSEPH NAIR, GATOPARDO RISTORANTE DI MARE  -  952 words
  • Page 20 Advertisements
    • 424 20 Microsoft will be ending its support for Windows XP on Apr 8. Hence, all computers running on this operating system after this date will encounter interface and operating encumbrances as well as be exposed to security threats. An unwelcome handicap especially if you are in business. To avoid unnecessary downtime,
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    • 38 20 NOW! *****620 or Email: sales@exhibitsinc.com.sg Mr? rvJ V v_' u r~~) 1 FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. 1 I n 1 CLA/DECOsIg
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    • 53 20 ASIA’S LARGEST' Educational Kids’ Fairi join us at Asia's Largest Education Fair! Singapore Expo Hall 5 21 -23 March 2014 BOOK HOW! Limited Booths available! 1 ryi vs 5? For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg Organised by: sphere A
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  • SINGAPORE STOCKS
    • 3294 21 Week ended: Feb 14 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 14 11.5 8Telecom Week Last Quote Div GrYld Net M Cap 188 106 AIMSAMPIReit 141.5 unch 1371 142 139.5 140
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    • 349 22 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 21 t 3Cnergy 500 Last Vol Week 2.4 1 t Advanced System 1 -0.2 9224 1.1 1 0.9 1.1 17.6 Net M Cap
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    • 119 22 Stock name Close Change CapMallsAsia 1.795 +0.055 CapitaLand 2.880 -0.020 CapitaMall 1.815 -0.010 CityDev 9.150 -0.070 ComfortDelGro 1.940 DBS Grp 16.480 -0.050 GLP 2.800 +0.040 Genting SP 1.390 -0.005 Golden Agri 0.520 -0.010 HK Land 6.080 +0.030 Stock name Close Change HPH Trust US$ 0.670 +0.005
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    • 1940 22 Transaction date: Feb 14 HONG KONG Vol HK$ +/-'000 Aeon Stores ■000 Angang Steel 5.08 0.01 3224 Anhui Conch 30.35 unch 9127 Anhuiexpresswa 3.90 -0.02 5752 Asia Satellite 34.20 0.30 97 Asm Pacific 65.05 -0.95 1219 Avic Ihl -0.13 6 Baiyunshan Ph 5.08 Bank Of China 3.27 0.02
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    • 263 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 34.4 AVJennings A57 +1 49 57.5 55.5 57 58 3.6 6.1 4.6 211 52 35.5 Genting HK US$ US42 +2 ***** 42 39.5 41.5 42 2765.5
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    • 186 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 2 0 0 0 6 6 2 Manufacturing 68 81 35 8 27 2 76 108 37 Commerce 24 30 19 6 14 1 30 44 20 Tpt/Stor/Comms 24 14 6
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    • 1031 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 114 +2 19 114 114 113 114 520.4 143 119 CIMB APAC Div 100S$D 122 +2 17 122 120.5 122
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    • 123 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 152,370 152,370 310,549 310,549 Manufacturing 1,491,514 557,874 2,049,388 592,990 22,974 615,964 Commerce 489,346 957,534 1,446,880 350,235 72,914 423,149 Tpt/Stor/Comms 401,796 7,979 409,775 639,846 712 640,558 Finance 176,104 422 176,526 716,487 118 716,605 Construction 309,813 664,618
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  • Page 22 Advertisements
    • 26 22 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 683 23 Feb 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.20 *****.71 *****.17 Mar14 *****.00 *****.00 *****.00 *****.00 *****3 *****1 Jun14 *****.00 *****.00 *****.00 *****.00 711 3847 MSCI TAIWAN INDEX FUTURES SPOT 298.86 300.93 298.86 Feb14 296.70 301.50 295.90 300.00 ***** *****2 Mar14 296.10
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    • 373 23 In local curr In S$ In US$ dy yr dy yr dy yr Feb 14 Index Change Change Change Change Change Change World Preliminary 1173.6 0.2 -0.9 -0.2 -0.9 0.3 -0.8 EAFE Preliminary 940.2 0.1 -1.7 -0.1 -1.2 0.4 -1.0 Europe Preliminary 1365.3 0.4 0.8
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    • 471 23 Feb 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.986 5.454 0.656 6.975 56.021 106.708 0.916 9.561 2.984 1.076 94.292 40.241 1.137 9.897 0.802 27.265 29.148 0.540 0.899 Canada 1.014 5.531
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    • 34 23 Feb 14 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • 86 23 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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    • 137 23 Feb 14 GOLD(US$/oz) Feb 14 Feb 13 Hong Kong 1312.00 1293.00 Feb 14 Feb 13 London 1316.30 1297.10 1317.05 1297.75 Source: Thomson Reuters CAST BAR Feb 14 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 119 53 5gm 339 265 10gm 605 530
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    • 53 23 Feb 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 14 2649.0 553 Mar 14 2661.0 2661.0 2683.0 2652.0 875 9310 Apr 14 2670.0 2665.0 2688.0 2654.0 ***** ***** May 14 2665.0 2663.0 2683.0 2651.0 ***** *****
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    • 155 23 Feb 14 Against S$ 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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    • 109 23 Feb 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1337.50 1344.25 1356.00 1336.75 May 14 1325.00 1330.50 1341.00 1324.00 Jul 14 1307.50 1312.00 1321.25 1306.75 Aug 14 1258.75 1262.75 1271.00 1259.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
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    • 94 23 Feb 14 COCOA (£/tonne) Close Prev High Low Mar 14 1860 1865 1867 1854 May 14 1855 1858 1861 1848 Jul 14 1848 1851 1853 1841 Sep 14 1838 1840 1843 1831 COFFEE(US$/tonne) Close Prev High Low Mar 14 1810 1824 1816 1795 May 14 1806 1822 1813 1792
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    • 1225 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 40 0.0 5 -86 53 Asia-Pacific Strategic W*****6 0.2 unch 180 1 123 247 177.50 3 Acma Ltd W*****7 Exer Price Ascendas Reit MB ECW*****3 Disc Ascendas Reit
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    • 70 23 CRUDE OIL PRODUCTS Feb 13 CRUDE (FOB origin) US$/barrel 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
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    • 22 23 Feb 14 S$ Bid Offer 1-month 1.2641 1.2651 2-months 1.2640 1.2651 3-months 1.2640 1.2650 6-months 1.2637 1.2648 Source: OCBC
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    • 66 23 Feb-14 Feb-14 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1702.50 1700.25 3 months 1745.50 1742.00 Copper, Grade A(US$/tonne) Cash 7180.50 7142.50 3 months 7150.00 7110.00 Lead(US$/tonne) Cash 2121.25 2102.50 3 months 2138.00 2118.00 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • 121 23 As at 9am 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
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    • 161 23 Feb 14 $S Offer Bid 0vernight 0.03 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • 2236 24 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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  • Page 24 Advertisements
    • 132 24 Shanghai Chittagong C a il a n E n n o r e J e d d a h B r Ho Chi Minh NYK RORO &Conventional ServiceREGULAR SERVICE TO REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea, Australia, East South Africa, Asia Europe is b a n e H
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  • Page 25 Advertisements
    • 103 25 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 I Can they find your services here in the Shipping Times? The Business Times
      103 words
    • 38 25 HD SHIPPING LINE CONVENTIONAL SERVICE ACCEPTING GENERAL PROJECT CARGO SINGAPORE TO JEBEL ALI/DAMMAM/KUWAIT VESSEL: M/V NASCO JADE ETA SINGAPORE O/A 25th FEB 03rd MARCH 2014 Agent: Indasia (Singapore) Pte Ltd Email: indasia@singnet.com.sg Tel: *****831 Ms. Chong Fax: *****831
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    • 18 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Dimes
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  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • 841 26  -  Firm’s software and software-related services growth hit double-digits in Asia-Pacific region for 2013, reportsAMIT ROY CHOUDHURY AMIT ROY CHOUDHURY amit@sph.com.sg WITH 2014 marking its 25th year of operations in the Asia-Pacific, including Japan, German software major SAP AG is cautiously upbeat about growth despite
      841 words
    • 384 26 BUSINESSES these days are increasingly exposed to cyber threats and need to take steps to enhance the security of their systems. “Today, we work in an environment with 3.5 new threats created every second,” says David Siah, country manager, Trend Micro. The Trend Micro 2013 Threats
      384 words
    • 747 26  -  By VICTORIA HO THE business of storage and back-up software isn’t the sexiest, Acronis CEO Serguei Beloussov admits. But having found success in the IT industry, the Russian entrepreneur is betting on storage’s upward track, and returned to the company he co-founded after being away
      747 words
    • 810 26  -  Palo Alto Networks’ tool will detect, prevent, provide remediation in an attack By KEVIN KWANG SINGAPORE has been at the forefront in encouraging businesses here to leverage the pervasive Internet connectivity to increase productivity and innovate new ways of working. But the
      810 words
    • 842 27  -  New enterprise-focused centre will be its Asia-Pacific HQ as company moves towards being an IT services provider By VICTORIA HO JAPANESE printing giant Konica Minolta is transforming itself from a traditional printer manufacturer to an IT services provider, and its first step in
      842 words
    • 734 27  -  By KEVIN KWANG SINGAPORE banks need to look at compliance efforts as more than just a cost burden that needs to be fulfilled, and regard it as a competitive advantage. In particular, improving trade finance processes to close any money-laundering loopholes would enhance
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  • Page 27 Advertisements
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  • Page 28 Advertisements
    • 258 28 HIGHER LIVING There’s no compelling address as desirable as Damansara Heights. As astute investors, you would appreciate the value and appeal of this prized affluent suburb in Kuala Lumpur, home to Malaysia’s elite. Discover the many life facets of Damansara Heights and take pleasure in the fine luxury living offered
      258 words