The Business Times, 21 February 2014

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, February 21, 2014
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  • Article, Illustration
    Lock icon Tighter labour market may curb growth this year
    892 1  -  Q4 and full-year 2013 GDP growths top estimates By TEH SHI NING tshining@sph.com.sg [SINGAPORE] The Singapore economy grew 4.1 per cent in 2013, roundly beating market forecasts and the government’s own estimate. But growth this year could run up against rising wage
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,086.64 (-2.15) HST INDEX FUTURES 3,087.00 (-2.00) GSIMSCI 352.06 (+0.05) GSIMSCI FUTURES 352.00 (+0.80) US$ S$ US$ (S$ per US$) 1.266 (US$/S$ per 1.667 2.111 EURO (US$/S$/€ 1.372 1.736 Foreign currency per US$ S$ YEN 101.70 80.30 RM 3.307 2.612 HK$ 7.756 6.126 BAHT 32.62 25.76 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,827.81 -1.64 NIKKEI 225 14,449.18 -317.35 HANG SENG 22,394.08 -270.44 SET INDEX 1,303.98 -17.02 JAKARTA COMP 4,598.22 +5.57 MANILA COMP 6,352.76 +58.14 SEOUL COMP 1,930.57 -12.36 SHENZHEN B 853.12 -0.43 MUMBAI IND 20,536.64 -186.33 11am EST Change DOW 16,112.91 +72.35 NASDAQ 4,250.90 +12.95
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA JAPAN TAIWAN KOREA JAPAN 1.475 KOREA 9.33 SWITZERLAND 0.50 INDIA 3.25 Source: Bloomberg
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  • Article, Illustration
    Lock icon WhatsUp, Facebook?
    810 1  -  By joyceh@sph.com.sg JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Facebook has tightened the screws on telcos with a US$19 billion buyout of WhatsApp, becoming a tentacled triumvirate of InstaWhatFace following its Instagram acquisition in 2012. While the market reeled from sticker shock, the price tag makes sense in deranged Silicon Valley
    Source for components of US$19 billion price tag: Facebook Inc Source for per-user valuations: combination of analyst reports  -  810 words
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      110 1 EXECUTIVE LIFESTYLE Cinephiles are getting their movie fix PAGE 27 GOLF COURSES SICC members told of ‘reprieve’ on golf club land PAGE 3 PROPERTY BT Property Classifieds CHINA Manufacturing index hits 7-month low PAGES 20-21 PAGE 10 SINGAPORE BUDGET 2014 Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam will deliver
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  • TOP STORIES
    • Article, Illustration
      Lock icon The Singapore economy in 2013
      375 2 GDP grew 4.1% last year,faster than 2012’s 1.9%. The finance insurance, wholesale retail trade and business services sectors contributed most to this faster growth. Manufacturing grew 1.7% in 2013, an uptick from 2012’s 0.3%. The electronics cluster recovered to grow 3.5%, and the transport engineering
      Source: Ministry of Trade and Industry  -  375 words
    • Article, Illustration
      Lock icon IE S’pore keeps 2014 export growth forecast
      637 2  -  NODX in 2013 contracts 6% as shipments to all top 10 markets fall By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] Growth forecasts for both total trade and non-oil domestic exports this year are maintained at 1-3 per cent, even though the two put up
      Source: IE S’pore  -  637 words
    • Article, Illustration
      Lock icon Restructure towards more productive sectors: MTI study
      347 2  -  By KELLY TAY kellytay@sph.com.sg [SINGAPORE] A Ministry of Trade and Industry (MTI) study of Singapore’s labour productivity suggests that it is important not only to drive sectoral productivity gains, but also restructure the economy towards more productive sectors. Conducted by MTI economist Goh
      Source: MTI staff estimates  -  347 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      170 2 Tighter labour market may curb growth COSTS and manpower are the very issues businesses seem most anxious to hear about from the Finance Minister this afternoon. FRONT PAGE WhatsUp, Facebook? FACEBOOK has tightened the screws on telcos with a US$19 billion buyout of WhatsApp, turning into a tentacled
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    • Article
      Lock icon SICC members told of ‘reprieve’ on golf club land
      744 3  -  Foreigners looking at buying Malaysian golf club memberships for investment By sandrea@sph.com.sg ANDREA SOH sandrea@sph.com.sg [SINGAPORE] Anger turned into a mix of relief and resignation for members of the Singapore Island Country Club (SICC) yesterday, when they learned that the fate
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    • Article
      Lock icon Feb PMI at 56.7, highest since 2010
      347 3 Figures suggest that Jan slowdown from winter weather may be temporary LATEST US DATA Bloomberg [WASHINGTON] US manufacturing growth accelerated to the highest level in February since May 2010, suggesting that the slowdown seen earlier this year from winter weather may be temporary,
      Bloomberg  -  347 words
    • Article, Illustration
      Lock icon 15 months’ jail for ex-MFA official who cooked up tart claims
      635 3  -  By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Lim Cheng Hoe, the former chief of protocol at the Ministry of Foreign Affairs (MFA), was yesterday sentenced to 15 months’ imprisonment after pleading guilty on Monday to 10 charges of cheating the ministry
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      124 2 cutting through complexity What's on the horizon for Navigate the changes and proposals of Budget Day with us, as we chart the various implications of the Budget statement. Read our views at kpmg.com.sg/budget and join us at the KPMG Singapore Budget 2014 Seminar on 3 March 2014. In addition to
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      136 3 MM qO^ i c LQUn Received the "User's Choice "award at World Communication Awards 2013. Recognised as "Wholesale Operator of The Year' at Asia Communication Awards 2013. telecomasia AWARDS 2013 Recognised as "The Best Asian Telecom Carrier" and "Best Cloud-Based Service" at Telecom Asia Awards 2013. SEAMLESS CLOUD FOR THE
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  • COMPANY NEWS
    • Article
      Lock icon NOL’s Q4 net loss balloons to US$137m
      546 4  -  Performance is hit by lower liner revenue and higher admin expenses By LISA LEE lisalcc@sph.com.sg SHIPPING and logistics group Neptune Orient Lines Ltd (NOL) sank deeper into the red with a 51 per cent increase in net loss to US$137 million for the
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    • Article
      Lock icon Genting Q4 net profit up 5% despite 13% revenue drop
      525 4  -  Drop in taxation helps push earnings to $140.3m By LEE U-WEN leeuwen@sph.com.sg GENTING Singapore the casino operator that runs the Resorts World Sentosa (RWS) integrated resort has posted a fourth-quar-ter net profit attributable to shareholders of $140.3 million, up 5
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    • Article
      Lock icon Bonvests profit surges to $56.2m on stronger revenue, revaluation gains
      304 4  -  By LYNETTE KHOO lynkhoo@sph.com.sg HOTEL and property group Bonvests Holdings’ net profit attributable to equity-holders more than doubled to $56.23 million for the year ended Dec 31, from the preceding year’s $24.6 million. This came on the back of stronger
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    • Article
      Lock icon Wilmar to invest in Indian sugar refiner
      475 4  -  Q4 earnings down 22.6% to US$369m on higher taxes By ANDREA SOH sandrea@sph.com.sg WILMAR International yesterday said that it is acquiring a stake in India’s largest sugar refiner, confirming rumours that had been mounting for months. The firm, which has made a big
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    • Article
      Lock icon EMS Energy back in the black with $3.81m profit
      487 5  -  Factors include revenue rise and higher gross margin By VIVIEN SHIAO vshiao@sph.com.sg CATALIST-listed EMS Energy returned to the black for the full year of 2013 thanks to higher revenue, improved gross profit margin, a disposal gain and the absence this time
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    • Article
      Lock icon A brew worth fighting for
      634 5  -  HOCK LOCK SIEW By CAI HAOXIANG haoxiang@sph.com.sg Sceptics who originally questioned the value of mainboard-listed OSIM International’s purchase of TWG Tea in 2011 should have mixed feelings now. In the last few years, the luxury tea company has evolved from a loss-making Singapore start-up to
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    • Article
      Lock icon ARA Asset’s Q4 profit up 25% at $22.1m
      385 5  -  By MINDY TAN tanmindy@sph.com.sg ARA Asset Management saw net profit for the fourth quarter ended December jump 25 per cent from $17.69 million to $22.13 million on the back of revenue rising 19 per cent to $43.83 million. This was boosted by
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    • Article
      Lock icon Chip Eng Seng Q4 net falls
      216 5  -  By RAPHAEL LIM raphlim@sph.com.sg CONSTRUCTION and property group Chip Eng Seng’s fourth-quarter net profit fell 11.7 per cent year-on-year, due to lower profits from its construction and property development divisions. Net profit for the three months ended Dec 31, 2013 was $34.6 million or
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    • Article
      Lock icon Ezion Holdings’ Q4 net profit almost doubles
      552 7  -  Performance helped by higher charter income; full-year leaps 103.4% By LISA LISA LEE lisalcc@sph.com.sg OFFSHORE marine group Ezion Holdings posted a 97.3 per cent year-on-year rise in its Q4-FY13 net profit to US$40.5 million, led by higher charter income from its offshore-service rigs
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    • Article
      Lock icon Aspial’s Q4 profit dives to $9.33m
      298 7  -  By CARINE LEE carinel@sph.com.sg ASPIAL Corp’s net profit for the fourth quarter ended Dec 31, 2013, halved to $9.33 million owing to increased borrowings and the issuance of multi-cur-rency medium term notes. Turnover fell 13 per cent year on year to $117.17 million, while
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    • Article
      Lock icon Sheng Siong sees challenges as it posts higher Q4 profit
      573 7  -  Net profit up 16.7% to $9.3m as revenue rises 5.9% to $170m By KENNETH LIM kenlim@sph.com.sg SHENG Siong Group guided for a challenging year ahead even as it raised its bottom line by 16.7 per cent in the fourth quarter,
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    • Article
      Lock icon BBR 2013 earnings up 68.5% at $21.8m
      360 7  -  By CAI HAOXIANG haoxiang@sph.com.sg HIGHER revenue recognised from construction and engineering projects helped construction group BBR Holdings to post a net profit of $21.8 million for its financial year ended Dec 31, 2013, 68.5 per cent higher than a year ago. Revenue was
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    • Article
      Lock icon SPH unveils new organisational structure
      355 7  -  Move in response to rapid changes in media industry By JAMIE LEE leejamie@sph.com.sg SINGAPORE Press Holdings (SPH) has created a new organisational structure for all its newsroom divisions under a comprehensive restructuring process to achieve efficiencies and reduce costs, chief executive officer Alan Chan said
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    • Article
      Lock icon Hyflux earnings fall 28% to $44m
      391 7  -  By GRACE LEONG gleong@sph.com.sg HYFLUX posted a 28 per cent drop in net profit for fiscal 2013, on the back of an 18 per cent drop in revenue. The water management and environmental solutions provider’s net profit fell to $44 million, or 2.42 cents
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      75 5 U| fc‘ I 8 4 1 I Executive Education Programs No need to cross an ocean to experience our world class faculty. Introducing Chicago Booth’s Accelerated Development Program. Interested to find out more? Join our webinar to hear Professor Craig Wortmann give insights on Building Your Leadership Capital in The
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon China PMI ends STI’s winning streak
      705 6  -  STI closes 2.2 points down after HK market falls 1.2%; turnover is low at 1.6b units worth $928m STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent NEWS of weaker-than-expected manufacturing numbers in China yesterday put paid to hopes that the Straits Times Index (STI) could continue
      Source: Bloomberg  -  705 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Feb 20 VALUE CLOSE BT OB/OS 225.00 -174.00 BT CADI -*****.00 -41.00 BT 10-day MA -*****.00 +23.00 FTSE ST Mid Cap 711.75 -0.28 FTSE ST Small Cap 533.45 +0.52 FTSE ST All Share 750.85 -0.39 FTSE ST China Top 199.29 +0.32 FTSE ST China 226.42 +0.69 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME HanKore 135,370,000 W Corp 101,585,000 Albedo 72,799,000 Charisma Energy 72,782,000 EMS Ener 66,186,000 WE Hldgs 57,917,000 SingHaiyi 52,396,000 KLW Hldgs 42,999,000 Noble Grp 41,345,000 SIIC Env 34,811,000 VALUE($) SingTel 61,747,852 Wilmar 51,108,706 DBS Grp 44,793,418 Noble Grp 41,781,560 UOB 41,641,848 CapitaLand 31,848,130 Keppel Corp 30,818,290 OCBC
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 5 5 0 0 0 3 5 5 Manufacturing 44 51 36 7 5 9 51 56 45 Commerce 15 17 29 2 6 5 17 23 34 Tpt/Stor/Comms 11 15 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,132 22,132 57,272 57,272 Manufacturing 348,166 67,633 415,799 156,499 4,060 160,558 Commerce 118,760 175,694 294,454 105,193 11,430 116,623 Tpt/Stor/Comms 66,175 2,315 68,490 123,546 203 123,749 Finance 22,627 2,191 24,818 117,914 644 118,559 Construction 49,202 79,126
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    • BROKERS’ TAKE
      • Article
        Lock icon CapitaLand
        376 6 Feb 20 close: S$2.86 DBS Group Research, Feb 20 CAPITALAND’s results were in line with our expectations, but slightly below street consensus. Q4 revenue was 2 per cent y-o-y lower at S$1,085.1 million, while reported net profit dropped 46 per cent to S$142.9 million. However, stripping one-offs such as
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      • Article
        Lock icon Nam Cheong
        373 6 Feb 20 close: S$0.34 DMG Partners Research, Feb 19 WE expect Nam Cheong to report healthy earnings of RM190 million or S$72.6 million (+39 per cent y-o-y) when it releases its FY2013 results on Feb 26. However, what is more important will be the number of vessels in
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      • Article
        Lock icon IHH Healthcare
        264 6  -  Compiled by CAI HAOXIANG Feb 20 close: S$1.48 AmFraser Research, Feb 19 WE reaffirm our “hold” recommendation on IHH Healthcare with a lower sum of parts-based fair value of RM3.60 (about S$1.38)/share (against RM3.90/share previously). Our revised fair value follows the adjustment to our Ebitda to reflect: (1)
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change CapMallsAsia 1.810 -0.020 CapitaLand 2.860 -0.050 CapitaMall 1.850 +0.015 CityDev 9.270 -0.110 ComfortDelGro 1.955 +0.015 DBS Grp 16.62 +0.060 GLP 2.860 -0.050 Genting SP 1.400 +0.015 Golden Agri 0.550 HK Land 6.280 +0.080 HPH Trust US$ 0.630 JMH 54.94 -0.930 JSH 32.68
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    • Article, Illustration
      Lock icon Euro shifts away from 7-week high
      469 6 CURRENCIES Reuters [LONDON] The euro fell for a second straight day against the dollar yesterday, pulling away from seven-week highs, after eurozone business surveys pointed to a sluggish recovery and underlined a fragile outlook for the currency bloc. Markit’s Composite Purchasing Managers’ Index, which
      Reuters; PHOTO: BLOOMBERG  -  469 words
    • Article
      Lock icon RISES
      114 6 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 603.8 4.3 DBXT SPASX200 10US$ 3968 140.5 2.9 DBXT MSCHINA 10US$ 1214 87.4 6.0 Great Eastern 1804 32.0 1.8 DBXT S&P Short 10US$ 2617 29.1 0.9 DBXT MSINDIA 10US$ 815 12.7 1.2 SembCorp Ind 543 11.0 2.1 HK Land 628 10.1
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    • Article
      Lock icon FALLS
      120 6 BY CENTS CLOSE DOWN Jardine C&C 3720 -125.0 -3.3 JMH 5494 -117.7 -1.7 DBXT FTVietnam 10US$ 2791 -84.8 -2.3 DBXT MSJAP 10US$ 4479 -79.8 -1.4 GLD 10US$ ***** -77.2 -0.5 DBXT MSKorea 10US$ 5939 -57.0 -0.8 JSH 3268 -36.7 -0.9 Lyxor Russia 10US$ 370 -20.3 -4.1 CityDev 927 -11.0
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      78 7 I. 6 J S0T-L1TE TRIM MT-LITt FORA HEALTHIER YOU SOY-LITE TRIM Bodyline Contouring Naturally Helps burn stubborn fat Helps cellulite reduction Supports metabolism and energy level Supports digestive health gently Source of protein and fibre All natural, no side effects. Premixed organic, Non-GMO soybean powder consume as meal replacement shake.
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon IE S’pore grants $40.5m to help firms go global
      352 8  -  This is up 6.6% from 2012; number of companies assisted rose to 26,000 By KELLY TAY kellytay@sph.com.sg OVER $40.5 million was given out in grants by International Enterprise (IE) Singapore last year to help companies with their internationalisation efforts. This is
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon LSBF to open new S’pore campus
        91 8 THE London School of Business Finance (LSBF) will officially open its new Singapore campus on Feb 26. LSBF Singapore will be moving to a 12,013 sq ft campus in the central business district to accommodate its growing student base. Since it opened its doors
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      • Article
        Lock icon SGX, UniSIM team up to educate investors
        132 8 THE Singapore Exchange (SGX) yesterday signed a memorandum of understanding with SIM University (UniSIM) to collaborate on providing investor education to the public. The collaboration, for an initial two years, will see SGX and UniSIM jointly develop the content of financial and investment-related
        132 words
      • Article
        Lock icon Tupperware opens design centre in S’pore
        94 8 TUPPERWARE Brands has opened its Global Design Center for Asia in Singapore its first outside of the US and Europe to deliver culturally distinct products for the Asian market and beyond. The facility adds to the company’s two existing global design centres in Florida
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    • Article, Illustration
      Lock icon Kulicke & Soffa expands capacity
      421 8  - Kulicke Soffa expands capacity By SHEENA TAN tsheena@sph.com.sg SINGAPORE will be home to the latest technology in advanced packaging production, which Kulicke Soffa (K&S) has identified as the next wave of growth in the semiconductor industry. Based in Singapore since 2010, the semiconductor assembly equipment designer and manufacturer opened its
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    • Article
      Lock icon New businesses formed here up 8.6% in Q4
      362 8  -  Half of them were by local companies, entrepreneurs By jaccheok@sph.com.sg JACQUELYN CHEOK jaccheok@sph.com.sg SOME 14,500 new businesses were formed in the Republic in the fourth quarter of last year, according to the latest Singapore Business Formation Statistics Report. This was a 8.6
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    • Article, Illustration
      Lock icon NTU partners US university to set up $70m institute
      319 8  -  By VIVIEN SHIAO vshiao@sph.com.sg NANYANG Technological University (NTU) announced yesterday that it will be collaborating with Northwestern University’s (NWU) International Institute for Nanotechnology, to launch the $70 million NTU-Northwestern Institute for Nanomedicine. Both universities have put in “substantive investments” into the
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    • Article
      Lock icon GIC seen taking stake in US software firm
      497 8 Reuters [NEW YORK] Private equity firm Blackstone Group LP and Singapore sovereign wealth fund GIC are in advanced talks to buy minority stakes in Kronos Inc that could value the human resources software company at around US$4.5 billion, including debt, three people
      Reuters  -  497 words
    • Article
      Lock icon Smart Work Centres in public libraries soon
      215 8 THREE specialised office spaces in public libraries will soon be made available to employees seeking to work from home. Called Smart Work Centres (SWCs), these office spaces are slated to open by the second quarter at the Jurong Regional Library, Geylang East Public
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    • Article
      Lock icon NEA starts Quieter Construction Fund
      387 8  -  By MINDY TAN tanmindy@sph.com.sg THE National Environment Agency (NEA) has launched a $10 million Quieter Construction Fund (QCF) to encourage construction companies to use quieter machines and noise control equipment. For instance, a Singa-pore-registered builder can apply to the fund to acquire a jack-in piling
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      31 8 HOW ARE YOU LIVING THE NEW YEAR? DO ONE RANDOM ACT OF KINDNESS DAILY LOVE MORE TRY SOMETHING NEW EVERYDAY SPEND MORE TIME WITH MUM BE A BETTER LISTENER KISS MORE
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Malaysian disk drive maker in the doldrums
      491 9  -  RHB drops coverage on JCY despite its return to the black By PAULINE NG in Kuala Lumpur SINCE its listing four years ago, global hard disk drive (HDD) component maker JCY International has found it a struggle getting on the radar of investors.
      491 words
    • Article
      Lock icon KL inflation in January up more than forecast
      225 9 [KUALA LUMPUR] Malaysia’s inflation rate continued to rise, with the latest data showing that it rose 3.4 per cent last month from a year ago and exceeding a Bloomberg survey of 3.3 per cent, Malaysia daily The Star reported. The Statistics Department
      225 words
    • Article
      Lock icon Japan may turn to WTO over ore export ban: report
      245 9 Reuters [TOKYO] Japan is preparing to take Indonesia to the World Trade Organization over a ban on exports of mineral ores that has curtailed supplies for industry, the Nikkei business daily said yesterday. The Japanese government is set to seek
      Reuters  -  245 words
    • Article, Illustration
      Lock icon Robert Kuok retains top spot among 40 richest Malaysians
      492 9 His assets are worth RM54.5b, in a year when combined wealth hits RM218b [KUALA LUMPUR] Robert Kuok, the Hong Kongbased Malaysian tycoon, has retained the top spot in a list of Malaysia’s richest, with a wealth of RM54.48 billion (S$20.8 billion),
      PHOTO: BLOOMBERG  -  492 words
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      704 9 A special Feature brought to you by -Sre STPROPERTY.sg What are the possible impacts of Malaysia's weakened currency the Budget 2014 on Malaysia's property market? ■■■■ELBE Ml t L I B I. ll j i T| ii'|ii n|m| 111 nun I*" WRITTEN BY SHARMIELA SHAHALAM Malaysia's Budget 2014 revealed last
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China manufacturing index hits seven-month low: HSBC
      538 10 Feb’s worsening figure blamed on falling new orders, output at factories AFP [BEIJING] A key index of Chinese manufacturing fell further in February to hit its lowest level in seven months, HSBC said yesterday, in a sign of diminishing strength in the world’s
      AFP  -  538 words
    • Article
      Lock icon Sinopec to sell 30% of retail arm to private investors
      502 10 Reuters [HONG KONG] Sinopec Corp, Asia’s largest oil refiner, plans to sell up to 30 per cent of its retail oil business to private investors in a multi-billion dollar restructuring aimed at boosting the value of its sprawling downstream arm.
      Reuters  -  502 words
    • Article, Illustration
      Lock icon IMF sees India growth slowing to 4.6%
      553 10  -  Structural reforms, policy measures needed for lasting health, it says By ANTHONY ROWLEY in Tokyo INDIA’S economic growth is expected to slow to 4.6 per cent this fiscal year the lowest level in a decade –as the country grapples with the impact of
      PHOTO: BLOOMBERG  -  553 words
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      57 10 Real Estate Heroes *%r\y I IV i He became a property star at the age of 26. She built a strong personal branding. And he won 120 awards in the last decade. Read their stories in Classified sections of The Sunday Times, Lianhe Zaobao and Berita Minggu this Sunday. WAT3
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      Lock icon Page 10 Advertisements Column 2
      21 10 www.omy.sg r Q M s. 0 0 i 0 I af'JC I If* Will riTTri iiMWil 111 sifts Jti SfcPHS Sr/*
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  • WORLD
    • Article
      Lock icon Fed seen pulling back from rate hike pledge
      603 12 This is despite US jobless rate falling to its lowest level in more than 5 years Bloomberg [WASHINGTON] Federal Reserve policymakers backed away from their year-old commitment to consider raising interest rates when US unemployment falls below 6.5 per cent. With the
      Bloomberg  -  603 words
    • Article, Illustration
      Lock icon America’s housing starts in January notch biggest fall in 3 years
      561 12 Bloomberg [WASHINGTON] Housing starts in the US slumped last month by the most in almost three years as unusually harsh winter weather added to the industry’s burdens. Builders began work on 880,000 homes at an annualised rate last month,
      Bloomberg; PHOTO: BLOOMBERG  -  561 words
    • Article
      Lock icon UK retailers rush to go public as economy rallies
      633 12 IPOs seen to raise more in 1Q14 than in previous 5 years Bloom berg [LONDON] UK retailers are poised to raise more from initial public offerings (IPOs) in the first quarter of 2014 than in the previous five years combined as
      Bloomberg  -  633 words
    • Article, Illustration
      Lock icon Marriott Q4 earnings match estimates
      372 12 Bloomberg [LOS ANGELES] Marriott International Inc, the owner of such brands as the Ritz-Carlton and Renaissance, reported fourth-quarter earnings that matched analyst estimates as leisure and busi-ness-group demand rose in North America. Net income was US$151 million, or 49 cents a share, compared with US$181
      Bloomberg; PHOTO: BLOOMBERG  -  372 words
    • Article
      Lock icon Currency pegs look shaky after EM rout
      660 13 Some African currencies in the spotlight now, after Kazakhstan’s 19% devaluation of its tenge Reu ters [LONDON] The devaluation of Kazakhstan’s rouble-shadowing tenge has left investors wondering which other closely managed emerging market (EM) currencies might be next, with those of commodity exporters
      Reuters  -  660 words
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      Lock icon Winkdex: The financial index for bitcoins
      573 13 NYT [NEW YORK] Stock traders have the S&P 500. Bitcoin bettors will have the Winkdex. The new financial index takes its name from the Winklevoss brothers, famous for their legal battle with the Facebook founder Mark Zuckerberg. The Winkdex was released publicly on Wednesday
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      Lock icon Traders face extinction as computers take over
      811 14 Electronic dealing to increase to 76% of currency transactions within five years Bloomberg [LONDON] A widening probe of the foreign exchange market is roiling an industry already under pressure to reduce costs as computer platforms displace human traders. Electronic dealing, which accounted for
      Bloomberg; PHOTO: BLOOMBERG  -  811 words
    • Article
      Lock icon Gold rallies on higher demand; UBS boosts 2014 forecasts
      600 14 But SocGen, Goldman Sachs expect climb to falter as the Fed presses on with taper Bloomberg [MELBOURNE] UBS boosted its forecasts for gold this year, citing a sea-change in US investors’ attitudes towards the precious metal that’s rallied this year on
      Bloomberg  -  600 words
    • Article
      Lock icon Capital controls in Asia hold back growth of sukuk market in the region
      643 14 Bloom berg [Kuala LUMPUR] Growth in Asia’s foreign-currency sukuk issuance is being hindered by capital controls, leaving the Persian Gulf dominating a market that exceeded US$17 billion in the past two years. Malaysia’s central bank requires local
      Bloomberg  -  643 words
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      Lock icon Japan’s January trade deficit up 70% at 2.79t yen
      725 15  -  Record figure due largely to imports of oil and gas following nuclear shutdown By ANTHONY ROWLEY in Tokyo JAPAN’S trade deficit leapt by more than 70 per cent in January to a record high of 2.79 trillion yen (S$34.6 billion) as
      PHOTO: REUTERS  -  725 words
    • Article
      Lock icon J-Reits in biggest bond selling spree since 2012
      679 15 Japan property market getting big Abenomics boost Bloomberg [TOKYO] Japanese real estate investment trusts are offering the most bonds since 2012 as Prime Minister Shinzo Abe’s stimulus steps spark a property-mar-ket boom and cut costs for Reits to refinance. Five issuers including
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      Lock icon Protesters target businesses linked to Shinawatras
      477 16 They turn to social media to hamper ventures connected to Yingluck’s family Reu ters [BANGKOK] Protesters campaigning to oust caretaker Thai Prime Minister Yingluck Shinawatra turned to Facebook and other social media to attack businesses linked to her family yesterday and rallied outside the
      Reuters; PHOTO: REUTERS  -  477 words
    • Article
      Lock icon Eurozone PMI dips, recovery intact: Markit
      450 16 Firms have cut prices to boost business, raising deflation fears Reu ters [LONDON] An expected acceleration in eurozone business activity failed to materialise this month and firms cut prices again to drum up trade, which may further stoke fears of deflation in the currency
      Reuters  -  450 words
    • Article
      Lock icon FPT enlists Temasek to help in expansion plan
      590 16 Bloomberg [HANOI] FPT Corp, Vietnam’s largest publicly traded telecommunications and software company, is enlisting Temasek Holdings to help it identify a Singapore technology company for acquisition to boost sales overseas. FPT will spend as much as US$20 million on a Singapore acquisition,
      Bloomberg  -  590 words
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      807 12 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PIC SCAFFOLDING PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****7281W) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 ot the Companies Act, Chapter 50, the Final Meeting
      807 words
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      2165 13 SAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices MIYOSHI PRECISION LIMITED Company Registration No. *****3979K (Incorporated In The Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Miyoshi Precision Limited (the “Company”) will be held on 7 March 2014 at 10.00
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      132 14 Travel for free** for 2nd Pax Limited to the first 10 couples per promotional package for Group tours to Taiwan, selected tours, selected departure dates only. Restricted to maximum 5 couples per departure date. f Terms and Conditions apply. Up to 50% off** for 2nd Pax Limited to the first
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      31 15 THE STRAITS TIMES mi SoSM SG’s Yummiest Food News Reviews Jt Available on the K AppStore Download app, register collect points to redeem goodies n iv 5* r -vF--mjt 'f 'I
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      163 16 SME 101: MARKETING BOOTCAMP Marketing strategies for SMEs using video, social media and mobile phones ONLINE REGISTRATION ONLY Tickets can only be purchased via our online registration page using credit cards. REGISTER HERE: www.stjobs.sg/bootcamp 27 28 MARCH 2014 For enquiries, please email customercare@stjobs.sg or call 1800 6978 701 during office
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  • AVIATION/SHIPPING
    • Article
      Lock icon Australian naval shipbuilders push for defence jobs
      475 17 Yards try to secure long-term future as manufacturing union warns of job losses Bloomberg [MELBOURNE] Shipbuilders in Australia are trying to lock in defence contracts with Prime Minister Tony Abbott’s government as the nation’s biggest manufacturing union warned that the industry may lose
      Bloomberg  -  475 words
    • Article
      Lock icon Air France-KLM in tie-up with Brazil’s Gol
      194 17 Air FranceKLM in tie-up with Brazil’s Gol AFP [PARIS] Air France-KLM said on Wednesday that it has signed a strategic partnership deal with Gol Linhas Aereas in which it will invest US$100 million in the Brazilian airline. The deal will boost the airlines’ cooperation between Brazil and Europe with increased
      AFP  -  194 words
    • Article, Illustration
      Lock icon Panama Canal expansion work to restart after 2 weeks
      273 17 Bloomberg [PANAMA CITY] A group led by Sacyr SA plans to restart work on the Panama Canal expansion project after it paralysed construction for almost two weeks in a dispute over US$1.6 billion in cost overruns. The waterway’s authority said it
      Bloomberg; PHOTO: AFP  -  273 words
    • Article
      Lock icon Two US security workers found dead on ship
      330 17 Reuters [COPENHAGEN] Two American security workers have been found dead on the Maersk Alabama a ship made famous by the Hollywood movie Captain Phillips, an oil and shipping group said on Wednesday. AP Moller-Maersk said in a statement that the men were
      Reuters  -  330 words
    • Article, Illustration
      Lock icon Exec jet market recovers after long slump
      603 17 Deliveries are expected to rise 10% this year Bloomberg [DALLAS] Business-jet shipments worldwide rose last year for the first time since 2008 as corporate purchases of larger planes aided an industry that saw deliveries tumble by almost half during the recession. Manufacturers shipped
      Bloomberg; PHOTO: REUTERS  -  603 words
    • Article
      Lock icon US warns of shoe-bomb threat on flights: report
      302 17 AFP [WASHINGTON] US security officials warned on Wednesday about a potential shoe-bomb threat on international flights to the US, local media reported. The Department of Homeland Security (DHS) issued a warning to airlines based on “very recent intelligence” considered credible that assailants
      AFP  -  302 words
    • Article
      Lock icon TRANSPORT STOCKS
      244 17 SGX '000 Feb 20 S$ +/-Vol Ch Offshore 0.41 0.01 98 Chuan Hup Hldg 0.26 unch 32 Cosco Corp 0.71 unch 478 Cwt Limited...............1.32 -0.01 263 First Ship Lea unch unch 0 Grand Banks unch unch 0 Jaya Hold Ltd 0.01 K1Ventures Chuan Hup Hldg Keppel Corp 10.45
      244 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Budget must focus on business and society
      523 18 EDITORIAL TODAY, much of the business community’s attention will be focused on the Budget for FY2014/15, which is to be unveiled in Parliament by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam. Business leaders and tax experts have submitted their wish lists, but
      523 words
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      Lock icon America’s elderly more well-off than portrayed
      684 18  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group HOW well-off are America’s elderly? The answer is crucial to public debate about Social Security, Medicare and other programmes to help older Americans. If most live on the edge, then cuts are hard to
      The Washington Post Writers Group  -  684 words
    • Article, Illustration
      Lock icon North America seeks to drive TPP at S’pore summit
      1005 18  -  It recognises that the deal is a potential game-changer to boost the continent’s exports By ANDREW HAMMOND The author was formerly a geopolitics analyst at Oxford Analytica, and a special adviser in the UK government of Tony Blair FROM Feb 22
      PHOTO: BLOOMBERG  -  1,005 words
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      Lock icon A first-rate medical support system
      1612 19  -  NUH bypass patient gives a glowing report on the hospital and Singapore’s medical services By ASIT K BISWAS The writer is a Distinguished Visiting Professor at Lee Kuan Yew School of Public Policy at the Lee Kuan Yew School of Public Policy OONE of the
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    • Article, Illustration
      Lock icon Facebook sends costly message via WhatsApp
      1331 19  -  AMIT ROY CHOUDHURY amit@sph.com.sg Technology Editor FACEBOOK’S jaw dropping US$19 billion offer price for mobile messaging company WhatsApp is perhaps best summed up by a tweet that did the rounds soon after the press conference announcing the deal. The tweet was: “Facebook is being
      PHOTO: REUTERS  -  1,331 words
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      Lock icon US the biggest winner from shale
      1051 19  -  ANTHONY ROWLEY Tokyo Correspondent SOME people seem to have an ability to see the big picture and to sketch it out in a way that brings it vividly to life. Nobuo Tanaka, former head of the International Energy Agency (IEA) in Paris, is one
      1,051 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Oskar Schindler’s factory to go on market
      756 20 Town offering it for symbolic sum to investor to clean it up and create jobs Bloomb erg [PRAGUE] Oskar Schindler’s factory is headed for the market, and Blahoslav Kaspar knows it will be a tough sell. The mayor of Brnenec, a village of
      Bloomberg; PHOTO: BLOOMBERG  -  756 words
    • Article
      Lock icon Battersea home sales: priority to Londoners
      447 20 254 apartments will be on offer only in London from May 1 Reuters [LONDON] Residential property in the second phase of the Battersea power station project in London will be offered for sale in the British capital before being marketed to overseas buyers, the
      Reuters  -  447 words
  • Page 20 Advertisements
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      521 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D04 HOUSE FOR SALE OCEAN DRIVE Seafront living Bunglw. A&A 2012 Worth $5.6m 2sty+ basement, 5 bdrm+ dining+ 2 maid rms gym, pool. Land 9580/ *****sf. Ronald *****055 D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool,
      521 words
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      140 20 D04 APARTMENT FOR SALE REFLECTIONS KEPPEL BAY Reflections Keppel Bay. Penthouse Showsuite. 8256 sqft. Full Sea View. 5 bedrooms. Best Revised Price. Call Soo Cheng 9322 7788 CBRE D05 APARTMENT FOR SALE BOTANNIA Rarely available! Penthouse 2637 sqft. 4 bdrms. Spectacular view. Renovated with roof terrace. Selling below value! Don’t
      140 words
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      235 21 D10 APARTMENT FOR SALE BALMORAL HILLS Balmoral Hill Penthouse with Private Pool! High ceiling. Near future MRT. 3165 sqft, 4-bdrm. Call 9232 5000 Bruce D10 APARTMENT FOR SALE BALMORAL Sell Below Value! Fhold, Newly Reno. Pte Lift. Wet/Dry Kitchen. Face NS. Newton MRT. 3 rm 1,518sf. $2.8M. Rebecca 9239 5650
      235 words
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      Lock icon Page 21 Advertisements Column 2
      201 21 D15 APARTMENT FOR SALE SIGLAP V Freehold $9xxK Only! 581 sf. 1+study. Can convert to 2rms. High rental yield. Opp Siglap Ctr. Retail/ Cold Storage/ Eateries downstairs. Ling 9743 1100 D18 APARTMENT FOR SALE MELVILLE PARK Below Valuation! $950K secures 3+1 Melville Pk 1313 sf. Reno. move in. Spacious. Face
      201 words
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      Lock icon Page 21 Advertisements Column 3
      176 21 D11 21 HOUSE FOR RENT LORNIE 18 Cluster bungalow with home lift. Fantastic layout. Resort style. 4600sqft. 4+1+1 rms. 2-year lease. 6296 6036/ 9670 0518 D15 HOUSE FOR RENT 80B MEYER ROAD Cluster bunglw. Built-in 6500 sqft. 2-sty attic basement pool. Available immed. $17.5K. Also for sale. Owner 9863 5635
      176 words
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      175 21 D01 APARTMENT FOR RENT MARINA BAY SUITES 1604 sqft. 3room bomb shelter. Sea/ Bay view. Above #35 floor. negotiable! Unfurnished. Call Owner 8168-4359 D08 APARTMENT FOR RENT JOOL SUITES Near Farrer Park MRT! Mint condition. 1-room Penthouse. 689 sq ft. Fully furnished. Available immediately. Ask $3500. Annie 9696 9881 DTZ
      175 words
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      187 21 D14 OFFICE FOR SALE HEXACUBE Rare FH 7000 sqft office space, futuristic facade, near Eunos MRT, affordable quantum, fr $1900 psf only. Register for special preview today *****188 D14 SHOP FOR SALE NEAR PAYA LEBAR Rare FH Commercial Retail F&B Offices! Near upcoming Paya Lebar Commercial Hub! Developer Sale! 73
      187 words
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  • Article
    Lock icon Shipping times
    2388 22 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 22 Advertisements
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      161 22 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
      161 words
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      Lock icon Page 22 Advertisements Column 2
      124 22 V"\ r 40* new RtPO pT EPC fgl Services we provide; Transportation/Haulage Mechanical Repairs Pre Delivery Inspection Refurbishment Accessory Fittings Washing Storage/Preservation Yard Management Wallenius Wilhelmsen Logistics Singapore Pte Ltd Tel: (65) 6379 5166 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com Website: http://www.2wglobal.com FREIGHT LINKS EXPRESS Customer Service Contact: *****535, *****553,
      124 words
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      142 23 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 1327 Can they find your services here in the Shipping Times? The Business Times iiil
      142 words
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      Lock icon Page 23 Advertisements Column 2
      18 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Dmes
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3186 24 Transaction date: Feb 20 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller Div Gr Yld 181.6 102.4 AIMSAMPIReit 137xri +1.8
      3,186 words
    • Article
      Lock icon SGX CATALIST
      263 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 21 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller
      263 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11479 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.19/ Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** Asian Smaller Cos! China Opportunities' 1.84/ 2 6992/ EM Local Ccy Bond .0 8745/ European Opportunities!" 1.3128/ Global
      11,479 words
    • Article
      Lock icon GLOBALQUOTE
      262 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 34.4 AVJennings A57 -1 16 58 57 57 60 3.6 6.1 4.6 211 52 35.5 Genting HK US$ US41 unch 3843 41 40 40.5 41 2699.7
      262 words
    • Article
      Lock icon SGX ETF
      865 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 143 119 CIMB APAC Div 100S$D 124.1 123 123.5 114.4 94 CIMB APAC Div 100US$ US95 97 97.5 10 1510 1192 CIMBASEAN40 100S$D 1236 1266
      865 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      686 26 Feb 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.14 *****.48 *****.73 Mar14 *****.00 *****.00 *****.00 *****.00 ***** *****9 Jun14 *****.00 *****.00 *****.00 *****.00 526 6512 MSCI TAIWAN INDEX FUTURES SPOT 301.21 301.21 298.13 Feb14 301.40 301.70 298.30 298.50 ***** *****7 Mar14 301.20
      686 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Feb 19 Index Change Change Change Change Change Change World Preliminary 1183.6 0.1 -0.1 0.1 -0.1 0.1 0.1 EAFE Preliminary 951.7 0.0 -0.5 0.0 0.2 0.1 0.3 Europe Preliminary 1375.2 0.1 1.5
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Feb 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.993 5.454 0.654 6.953 55.858 105.916 0.912 9.612 2.965 1.083 94.006 40.121 1.135 9.939 0.797 27.208 29.238 0.538 0.896 Canada 1.007 5.492
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    • Article
      Lock icon SIBOR
      34 26 Feb 20 (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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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 26 Feb 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.3 1-Year BY*****T 31-Oct-14 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.58 5-Year NX*****W 2.5 01-Jun-19 105.52 105.60 105.55 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      134 26 Feb 20 GOLD(US$/oz) Feb 20 Feb 19 Hong Kong 1317.00 1324.00 Feb 19 Feb 18 London 1319.64 1321.90 1320.86 1322.75 Source: Thomson Reuters CAST BAR Feb 20 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120 53 5gm 341 267 10gm 610 534
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    • Article
      Lock icon PALM OIL
      57 26 Feb 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2707.0 2708.0 2762.0 2704.0 652 5368 Apr 14 2715.0 2716.0 2771.0 2710.0 3123 ***** May 14 2708.0 2708.0 2756.0 2700.0 ***** ***** Jun 14 2697.0 2697.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Feb 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1346 1.1352 0.8963 0.8966 Canadian dollar 1.1423 1.1432 0.9029 0.9024 Euro 1.7362 1.7367 1.3715 1.3717 NZ dollar 1.0474 1.0481 0.8274 0.8278 Sterling pound 2.1105 2.1110 1.6672 1.6673
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 26 Feb 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1354.25 1361.00 1371.75 1351.00 May 14 1342.00 1347.75 1358.50 1338.25 Jul 14 1324.75 1330.25 1339.50 1320.50 Aug 14 1274.25 1277.00 1285.50 1269.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
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    • Article
      Lock icon LIFFE
      94 26 Feb 19 COCOA (£/tonne) Close Prev High Low Mar 14 1839 1858 1857 1828 May 14 1835 1852 1850 1822 Jul 14 1830 1846 1843 1817 Sep 14 1820 1835 1832 1807 COFFEE(US$/tonne) Close Prev High Low Mar 14 1982 1881 1997 1868 May 14 1957 1875 1982 1860
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1278 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 40 0.0 5 -89 53 Asia-Pacific Strategic W*****6 0.2 1 123 180 220.00 3 Conv Ratio Ascendas Reit MB ECW*****3 Price Ascendas Reit MB eCW*****1 Disc Ascendas Reit
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Feb 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.69 0.79 WTI (Near Mth) 103.67 1.08 Dubai (1-Mth F) 106.63 0.79 Tapis blend 116.09 0.51 Minas 109.09 0.51 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.44 0.66 Jet Kerosene 124.52 1.18 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Feb 20 S$ Bid Offer 1-month 1.2659 1.2661 2-months 1.2658 1.2661 3-months 1.2658 1.2660 6-months 1.2656 1.2658 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 26 Feb-19 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1725.25 1721.75 3 months 1769.00 1766.00 Copper, Grade A(US$/tonne) Cash 7224.00 7235.00 3 months 7181.00 7195.00 Lead(US$/tonne) Cash 2147.25 2155.00 3 months 2166.00 2173.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      127 26 As at 9am Feb 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.163 1.108 Can dollar 1.161 1.117 Euro 1.775 1.691 Sterling pound 2.147 2.065 NZ dollar 1.069 1.028 US dollar 1.289 1.228 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 26 Feb 20 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ 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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  • executive lifestyle
    • Article, Illustration
      Lock icon Getting a flick fix
      1331 27  -  Discerning local cinephiles are getting their fill from alternative film events, reports DYLAN TAN dylantan@sph.com.sg I T'S no secret that Singaporeans love going to the movies. On any given weekend, the multiplexes sell out sessions hours ahead in advance, and an increasing number of cinema operators
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      Lock icon Coming attractions
      314 27  -  By DYLAN TAN SCUM CINEMA PRESENTS THE WARRIORS When: Feb 28, 8.30pm Where: The Arts House Screening Room (Singapore) Tickets: Free; e-mail scumcinema@gmail. com with full name and number of seats (maximum four per e-mail) Walter Hill’s (48 Hours, Streets of Fire, Red Heat) gangland classic was panned
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    • CINEMA/MUSIC
      • Article, Illustration
        Lock icon A sleuthing mission that lacks drama
        641 28  -  The Monuments Men is entertaining in parts but it’s not entirely convincing, says GEOFFREY EU GEOFFREY EU WHEN the future of Western civilisation is at stake, only the best will do. That’s why George Clooney, armed with a compelling World War Two tale about
        641 words
      • Article, Illustration
        Lock icon Engrossing high-seas drama
        461 28  -  By DYLAN TAN dylantan@sph.com.sg WRITER-DIRECTOR JC Chandor couldn’t have made a bigger splash with his sophomore feature, All Is Lost an engrossing one-man high-seas survival drama. A large chunk of the credit must go to Robert Redford, who despite having so few lines of dialogue they barely
        PHOTO: BLOOMBERG  -  461 words
      • Article, Illustration
        Lock icon When the real star is a mountain
        527 28  -  By GEOFFREY EU BEFORE Gladiator (2000) made a killing at the box office, picking up Best Picture and Best Actor (for Russell Crowe) Academy Awards along the way, big-budget historical epics especially those of the sword-and-san-dal variety had gone the way of the
        527 words
      • Article, Illustration
        Lock icon ‘The Little Caruso’ is a big Latin lover now
        995 28  -  By GEOFFREY EU AS a solo artiste, Carlos Marin may not be well known outside the Spanish-speaking universe, but as a member of the multinational pop-opera phenomenon Il Divo, it’s a different story altogether. We’re talking mob scenes, panting female fans
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    • ARTS/MUSIC
      • Article, Illustration
        Lock icon Works of art in the eye of a needle
        927 29  -  English sculptor Willard Wigan has learnt to slow his heartbeat to create his microscopic works. RACHEL LOI reports RACHEL LOI rachloi@sph.com.sg WILLARD Wigan faces an unusual occupational hazard when creating his signature microsculptures if he isn’t careful, he might inhale one
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      • Article, Illustration
        Lock icon Capturing inspiration on the iPhone
        525 29  -  By RACHEL LOI rachloi@sph.com.sg WHEN y ou re an award-winning composer like AR Rahman, there’s no such thing as hunting for inspiration. With a backbreaking schedule that has him jetting around the world for most of the year, inspiration is something that flits by and
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      • Article, Illustration
        Lock icon Decade of Mosaic memories on show
        494 29  -  By dylantan@sph.com.sg DYLAN TAN dylantan@sph.com.sg FANS who have caught shows at Esplanade’s Mosaic Music Festival over the years will have special memories of their favourite acts but for the first time ever, the backroom staff and backstage crew will be sharing their memories in
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      • Article, Illustration
        Lock icon Life and death by a promising playwright
        542 29  -  By CHEAH UI-HOON uihoon@sph.com.sg READING about the religious conflicts that have dominated headlines in recent years so fascinated 17-year-old Jovi Tan that he read as much as he could on the subject and even wrote a play about it. Titled Marco Polo, the
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    • ARTS
      • Article, Illustration
        Lock icon Capturing the enigma of LKY
        684 30  -  S’pore’s founding father is portrayed in different lights by acclaimed painter Boo Sze Yang, reports HELMI YUSOF HELMI YUSOF helmi@sph.com.sg THE exhibition comprises 16 portraits of former prime minister Lee Kuan Yew, but they are not what you might call straightforward depictions of Singapore’s founding
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      • Article, Illustration
        Lock icon The Arts House like you’ve never seen it
        432 30  -  By HELMI YUSOF helmi@sph.com.sg WHEN The Arts House turns 10 next month, it will be transformed almost beyond recognition. For the low ticket price of $10, you get to wander its classic colonial halls, and stumble into a dance club, a lover’s
        FILE PHOTO  -  432 words
      • Article, Illustration
        Lock icon The minuses of being plus-sized
        621 30  -  By HELMI YUSOF helmi@sph.com.sg WE don’t talk enough about being fat, do we? Not in the way that it should be talked about openly, honestly and factually. Studies show that people naturally assume that fat people are lazy and lacking in self-control. Bosses pay plus-sized
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      • Article, Illustration
        Lock icon Shakespeare’s verses trip up another cast
        463 30  -  By HELMI YUSOF helmi@sph.com.sg WHEN it comes to Shakespeare, the language is the thing. When handed to fine actors who understand the words and deliver them with all the requisite nuances, the meaning registers instantly for the audience. Unfortunately, not many local Shakespearean productions
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    • WINE/BOOKS
      • Article, Illustration
        Lock icon A sampling of Spain’s most iconic wines
        1276 31  -  Wines by producers Pablo Alvarez, Alvaro Palacios and Peter Sisseck are a good contrast to lighter-bodied Burgundies, says NK YONG NK YONG ‘THE rain in Spain falls mainly in the plain Those immortal lines from the musical My Fair Lady came to mind
        PHOTOS: NK YONG  -  1,276 words
      • Article, Illustration
        Lock icon Out to lighten the mood here
        581 31  -  By RACHEL LOI rachloi@sph.com.sg IF you’re ever at Toast Box in Katong 112, you might spot local author Felix Cheong sitting in the corner by the window, hunched over a few sheets of paper and possibly giggling to himself. It’s his favourite writing haunt,
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      • Around Town
        • Article, Illustration
          Lock icon Pick of the Week
          191 31 The Gathering: Three alternative music acts are making their way back to Singapore this weekend. Australian synth-pop duo Empire of the Sun play their own headlining gig tonight as part of a new concert series called The Gathering. It’s the first show of their 2014 tour
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        • Article
          Lock icon Concert
          256 31 Joseph Alessi the Singapore Wind Symphony: World-renowned American trombonist Joseph Alessi joins the Singapore Wind Symphony to premiere local composer Terrence Wong Fei Yang’s Empire for trombone and wind band. The Singapore Wind Symphony, which has actively advocated the music of local composers since 2012, commissioned the composition especially
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        • Article
          Lock icon Festival
          113 31 Le Gluttony: Take a trip to the National Museum of Singapore to immerse yourself in local food, film and music. Le Gluttony is a pasar malam, a flea market and a hawker centre all rolled into one. The cultural fair will bring together local F&B entrepreneurs, budding film makers
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        • Article
          Lock icon Exhibition
          131 31 Song of Life, Passion on Ink: Admire local artist Ong Boon Kong’s Chinese ink and oil paintings in the flesh this weekend. He is most popular for vividly depicting animals such as lions and tigers but this exhibition will demonstrate the artist’s flair for capturing the emotions of the
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        • Article
          Lock icon Shopping
          106 31  -  Compiled by CHEW HUI-YAN hychew@sph.com.sg The Made in SG Market: Forget shopping at malls; instead, show our local makers support at the Made in SG Market. The marketplace features over 10 makers who will showcase their craft, products and what goes behind the making of each product. There will
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  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      358 31 CRYPTIC CROSSWORD Across 5 Poet in hospital, wise person left abandoned (6) 8 Virile Cockney, an oldfashioned rocker, came forth (8) 9 Grow old a potential problem for rugger players (5-2) 10 Grebe maybe wanting day on water, heading off (5) 11 A criminal catching disease it comes with having
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  • Page 32 Advertisements
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