The Business Times, 24 February 2014
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2014-02-24
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The Business Times
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Title Section25 2014-02-24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, February 24, 201425 words
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684 2014-02-24 1 VICTORIA HO - S’pore’s StreetDeal turns to traditional e-commerce By VICTORIA HO [SINGAPORE] As more Groupon clones fall by the wayside, another Singapore contender is turning away from the voucher model to e-commerce. Three-and-a-half-year-old StreetDeal is one of the oldest in the local groupbuying scene and the684 words
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MARKETS DIGEST
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Article57 2014-02-24 1 Weekly Change ST INDEX 3,099.93 +61.22 KL COMP 1,830.74 +11.37 NIKKEI 225 14,865.67 +552.64 HANG SENG 22,568.24 +269.83 SET INDEX 1,304.21 -7.66 JAKARTA COMP 4,646.15 +138.11 MANILA COMP 6,308.36 +194.70 SEOUL COMP 1,957.83 +17.55 SHENZHEN B 850.69 -4.68 MUMBAI IND 20,700.75 +333.93 DOW 16,103.30 -51.09 NASDAQ 4,263.41 +19.38 S&P57 words
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Article19 2014-02-24 1 SINGAPORE 5.38 MALAYSIA INDONESIA HONG KONG 5.00 INDONESIA 14.981 TAIWAN US JAPAN 1.475 KOREA 9.33 Source: Bloomberg19 words
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Article49 2014-02-24 1 US$ S$ US$ (S$ per US$) 1.265 (US$/S$ per 1.667 2.109 EURO (US$/S$/€ 1.371 1.735 Foreign currency per US$ S$ YEN 102.50 81.00 RM 3.294 2.604 HK$ 7.755 6.130 BAHT 32.55 25.73 RUPIAH 11,750 9,287 RENMINBI 6.088 4.812 INDIAN RUPEE 62.14 49.11 A$ 1.111 0.878 NZ$ 1.205 0.95249 words
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Article, Illustration953 2014-02-24 1 TEH SHI NING - Measures seem aimed at stronger enterprises in productivity drive BUDGET 2014 By TEH SHI NING tshining@sph.com.sg [SINGAPORE] Budget 2014’s sharply targeted measures to boost productivity won praise, but amid business groups’ relief at the absence of across-the-board manpower curbs are worries that struggling businessesSource: Ministry of Trade and Industry staff estimates - 953 words
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Page 1 Advertisements
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Advertisement152 2014-02-24 1 DINING OUT Culinary sleight of hand BOARDROOM MATTERS Orderly share trading adds to confidence PAGE 4 TOPLINE Thinking inside the Big Box PAGE 4 YOUNG INVESTORS’ FORUM Understanding Reit structures PAGE 10 PAGE 20 COMMENTARY Budget 2014: Looking ahead PAGE 3 VIEWS FROM THE TOP Honouring our pioneers PAGES 8-9152 words
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TOP STORIES
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Article465 2014-02-24 2 Budget 2014: Praise from businesses; strugglers worried BUDGET 2014’s sharply-targeted measures to boost productivity have won praise, but amid business groups’ relief at the absence of across-the-board manpower curbs are worries that struggling businesses may be left behind. FRONT PAGE Groupon clones giving up business model AS more465 words
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Article, Illustration932 2014-02-24 2 ROB CURRAN - All causes of recent weakness in data, earnings are passing problems, say bulls WALL STREET INSIGHT By ROB CURRAN THIS week, the stock market will likely continue its rebound as the bulls retain the upper hand in arguments about recent weakness inPHOTO: AFP - 932 words
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Article, Illustration766 2014-02-24 3 Group will take concrete action to increase investment and employment Reuters [SYDNEY] The world’s top economies have embraced a goal of generating more than US$2 trillion in additional output over five years while creating tens of millions of new jobs, signallingReuters - 766 words
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696 2014-02-24 3 Reu ters [BANGKOK] A bomb killed two people and wounded at least 22 in a busy shopping district in the Thai capital yesterday, hours after supporters of Thai Prime Minister Yingluck Shinawatra promised to get tough with demonstrators paralysingReuters - 696 words
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Article, Illustration1061 2014-02-24 3 CHUNG-SIM SIEW MOON - It is about achieving quality growth and an inclusive society COMMENTARY By CHUNG-SIM SIEW MOON The writer is partner and head of tax at EY in Singapore. The views expressed are her own THIS year’s Budget is different. There are no spectacular changes introduced to ourPHOTO: YEN MENG JIIN - 1,061 words
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303 2014-02-24 3 JOYCE HOOI - By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] More help could be on the way with housing for the elderly, according to National Development Minister Khaw Boon Wan. Yesterday, Mr Khaw told Channel NewsAsia (CNA) his ministry will look at expanding the Lease Buyback Scheme, an initiative303 words
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Advertisement295 2014-02-24 2 I encompass the strength to succeed. It’s my choke. I 08 Success means the world to us, but it does not come about overnight. It is the culmination of sound decisions and equally offbeat ones. In partnership with prestigious universities that have produced many successful graduates, it’s an education you295 words
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Advertisement79 2014-02-24 3 r Dream your way something big After a perfect night’s rest in lie-flat comfort, you’ll find a range of inspirations in our Business Class. Laugh through the latest comedies or savour gourmet cuisine; your biggest concern may only be bedhead. Welcome to the business of living. emirafes.com/sg Chauffeur-drive service in79 words
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COMPANY NEWS
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Article, Illustration1162 2014-02-24 4 KENNETH LIM - A long-term focus has seen Courts grow from a pure furniture store to a regional retailer and electronics vendor, reports TOPLINE KENNETH LIM IN the fast moving world of retail, Courts Asia chief executive Terry O’Connor has learnt to keep an even keel through theARTHUR LEE - 1,162 words
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Article, Illustration848 2014-02-24 4 MARCUS CHOW - Boards today have no choice but to exercise vigilance in monitoring price volatility, says MARCUS CHOW MARCUS CHOW The writer is a member of the advocacy research committee of the Singapore Institute of Directors SHOULD the boards of listed firms be at all concernedPHOTO: BLOOMBERG - 848 words
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Article1596 2014-02-24 5 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd DIRECTORS’ buying surged while selling remained low last week, based on filings on Singapore Exchange from Feb 17 to 21. A total of 15 companies recorded 26 purchases worth $8.76 million versus1,596 words
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Page 5 Advertisements
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Advertisement180 2014-02-24 5 “...our underlying operating performance improved as the year progressed.” FULL YEAR RESULTS 2013 US$ million change over FY 2012 Revenue 97,878.3 4.1 Tonnage (million tonnes) 233.4 4.3 EBITDA 914.9 -19.3 Net profit 243.5 -48.4% Net asset value per share (US cents) 78 -1.3 For a full review and expanded financials180 words
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SINGAPORE MARKETS
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Article, Illustration710 2014-02-24 6 R SIVANITHY - STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent IN theory, stock markets are supposed to be an economy’s link to the future, allocating scarce resources to their best and most productive uses. They should be vibrant and exciting, a place not just for trading710 words
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Article, Illustration580 2014-02-24 6 KENNETH TAN - NON-DELIVERABLE FORWARDS KENNETH TAN The writer is a forex dealer at Phillip Futures SINCE the middle of last year, Asian currencies have been on a downward path, with emerging market nations, namely India, Indonesia, Malaysia, the Philippines and Thailand, unable to580 words
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484 2014-02-24 6 CURRENCIES Bloomberg [SEOUL] Asian currencies had their worst weekly loss in six months last week, as signs of a deeper economic slowdown in China and the Federal Reserve’s support for tapering asset purchases weighed on emerging markets. South Korea’s won ledBloomberg - 484 words
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Article1499 2014-02-24 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 2.00 4 10.07 13.75 1.66 1.39 Amtek Engineering Ltd 2.50 3.00 2 0.05 8.12 0.57 0.51 ARA Asset Management Ltd 2.291,499 words
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Article109 2014-02-24 6 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 580.5 4.1 DBXT MSEurope 10US$ 6048 455.3 6.3 Jardine C&C 3862 397.0 11.5 DBXT E50 10US$ 5225 318.7 5.1 JMH 5600 245.4 3.6 DBXT SPASX200 10US$ 3968 140.4 2.9 GLD 10US$ ***** 132.8 0.8 JSH 3320 125.2 3.1 DBXT MSAsExJp 10US$109 words
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Article132 2014-02-24 6 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 5939 -97.4 -1.3 DBXT MSTHAI 10US$ 1766 -59.4 -2.6 Lyxor Europe 10 US$ 1549 -29.1 -1.5 DBXT iBoxxSing 5SG$ ***** -21.0 -0.2 DBXT MSRussia 10US$ 281 -19.0 -5.1 DBXT FTVietnam 10US$ 2795 -17.7 -0.5 DBXT CSI300 10US$ 678 -16.4 -1.9 Brooke Asia132 words
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Article77 2014-02-24 6 Feb 21 VALUE CLOSE BT OB/OS 311.00 +86.00 BT CADI -*****.00 +112.00 BT 10-day MA -*****.00 +31.00 FTSE ST Mid Cap 711.54 -0.21 FTSE ST Small Cap 536.55 +3.10 FTSE ST All Share 753.58 +2.73 FTSE ST China Top 199.00 -0.29 FTSE ST China 225.45 -0.97 FTSE77 words
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Article58 2014-02-24 6 VOLUME HanKore 1,017,396,000 Albedo 716,040,000 KLW Hldgs 432,476,000 Charisma Energy 398,912,000 Ocean Sky 343,009,000 JES 339,158,000 Vallianz Hldgs 289,539,000 W Corp 267,829,000 SIIC Env 247,334,000 Federal Int 244,792,000 VALUE($) SingTel 292,487,504 DBS Grp 245,285,701 UOB 227,357,303 GLP 225,961,626 OCBC Bk 160,303,856 Wilmar 149,321,876 Genting SP 147,152,998 Keppel58 words
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Page 6 Advertisements
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Advertisement111 2014-02-24 6 Trade NDFs with Phillip Futures Brought to you by Phillip Futures Re Ltd (A member of PhillipCapital) ki I.: I 1.1, An Asian Financial House with a Global Reach www.phillipfutures.com.sg *****500 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 above111 words
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SINGAPORE NEWS
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714 2014-02-24 7 GRACE LEONG - Transboundary Haze law praised with a caveat Legal eagles see some parts of Bill that could be strengthened By GRACE LEONG By gleong@sph.com.sg LEGAL experts have identified some areas in the proposed Transboundary Haze Pollution Bill that could be strengthened, even as they hailed the legislation as unprecedented. For one,714 words
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Article, Illustration503 2014-02-24 7 MINDY TAN - By MINDY TAN tanmindy@sph.com.sg Courts turns 40, ups charitable activities COURTS Singapore is ramping up its CSR initiatives as part of its 40th anniversary celebrations this year. The first of these activities kicked off on Feb 19, when Courts launched its 40-week partnership with Project Dignity Kitchen, a503 words
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Article251 2014-02-24 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 Pacific251 words
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Article281 2014-02-24 7 Feb 21 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited ...5.50 Bank of Communications 5.50 ...6.00 ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 BNP Paribas Chang Hwa Commercial Bank 5.50 China Construction Bank281 words
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Article1366 2014-02-24 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 ARA ak 2.700 02-May 06-May 20-May 21-Feb Ascendas1,366 words
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Page 7 Advertisements
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Advertisement163 2014-02-24 7 SMU Master of Science in Applied Economics The Euro: Too big to crumble? Learn to analyse the Eurozone crisis and other pressing global economic issues with the SMU Master of Science in Applied Economics A uniquely designed programme for people who need to have a strategic understanding of the global163 words
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VIEWS FROM THE TOP
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Article, Illustration2610 2014-02-24 8 THIS WEEK’S TOPIC Has Singapore gone far enough in honouring the country’s pioneers? What more can be done by way of tribute to this special first generation of Singaporeans? Ronald Lee Managing Director PrimeStaff Management Services Pte Ltd THE Pioneer Generation Package is a great initiative toPHOTO: LIANHE ZAOBAO FILE; PHOTO: YEN MENG JIIN - 2,610 words
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Page 9 Advertisements
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Advertisement112 2014-02-24 9 Confidence to advance That’s what airlines, railroads and trucking companies can achieve when they’re smart about hedging their risks. And that’s where we come in as the world’s leading derivatives marketplace. Companies around the world use the products and technology of CME Group to help them manage every kind of112 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1826 2014-02-24 10 CAI HAOXIANG - Real estate investment trusts are a way for investors to buy slices of large property portfolios, saysCAI CAI HAOXIANG LAST week, we covered the basics of why investors buy property. To sum up, property investments offer capital appreciation, rental income streams and diversification. Investors also derive pleasureTHE STRAITS TIMES FILE PHOTO - 1,826 words
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Article, Illustration1119 2014-02-24 10 CAI HAOXIANG - Taking a simplistic approach to yields and NAVs can lead to wrong conclusions MONDAY MULTIPLE CAI HAOXIANG haoxiang@sph.com.sg Correspondent JUST as people are judged by what they wear and how they look, real estate investment trusts (Reits) are usually judged by their yields and net1,119 words
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Page 10 Advertisements
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Advertisement113 2014-02-24 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 to113 words
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Page 11 Advertisements
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MALAYSIA/INDONESIA
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Article, Illustration546 2014-02-24 12 S JAYASANKARAN - This will allow ailing carrier to shed its problems and take off COMMENTARY S JAYASANKARAN KL Correspondent MALAYSIAAirlines(MAS) is in dire straits. The ailing carrier announced a massive R 1.2 billion (S$461.7 million) loss for its 2013 financial year on Tuesday. For the546 words
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Article, Illustration571 2014-02-24 12 Range is 5.5-5.8%, against state budget assumption of 6% Bloomberg [SYDNEY] Indonesia’s Finance Minister Chatib Basri said economic growth may slow this year to the least since 2009 as the government reins in the current account deficit. South-east Asia’s largest economy may grow betweenBloomberg; PHOTO: BLOOMBERG - 571 words
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500 2014-02-24 12 Reuters [KUALA LUMPUR] Malaysia’s DanaInfra Nasional Bhd, created by the finance ministry to raise funds for the country’s largest infrastructure project, may issue and list on the stock exchange this year as many as two Islamic bonds worth RM100 millionReuters - 500 words
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Article1400 2014-02-24 12 VOL Feb 21 RM +/-(‘000) VOL Advance Synerg 0.16 0.01 2533 Adventa Bhd 1.19 0.14 2015 Ae Multi Hldgs 0.22 -0.01 234 Affin Holdings 4.08 -0.04 18 Ahmad Zaki Res 0.82 0.01 180 Airasia Bhd Alliance Finan 4.66 unch 325 Aluminium Co Advance Synerg Amalgamated In 0.33 -0.011,400 words
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Page 12 Advertisements
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Advertisement226 2014-02-24 12 ALMATY Seoul Beijing Bangkok! Kuala Lumpur Hong Kong Ho Chi Minh Beijing Almaty 5 times a week Kuala Lumpur Almaty 3 times a week Bangkok Almaty 7 times a week Seoul Almaty 2 times a week Ho Chi Minh Almaty 2 times a week Hong Kong Almaty B times a226 words
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GREATER CHINA
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Article, Illustration556 2014-02-24 13 It doesn’t signify a change in economic fundamentals Bloom berg [SYDNEY] Recent weakness in China’s currency is within the normal range and doesn’t signal a change in economic fundamentals, according to Finance Minister Lou Jiwei. The offshore yuan fell one per cent to 6.0933Bloomberg; PHOTO: BLOOMBERG - 556 words
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281 2014-02-24 13 Reu ters [SHANGHAI] China’s car lobby has urged Beijing to support local carmakers after the regulator said it was considering further opening up the market to outside investment amid a deepening row between policymakers and state-owned car firms. Despite foreign carmakers needingReuters - 281 words
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726 2014-02-24 13 RAYMOND TSOI - It can’t keep bailing out investors in an industry that is seen as a time bomb By RAYMOND TSOI EJ In sight [HONG KONG] It wasn’t the first and already it’s very clear it won’t be the last. A high-yieldEJ Insight - 726 words
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Page 13 Advertisements
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Advertisement82 2014-02-24 13 edge 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. Call82 words
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WORLD
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Article, Illustration625 2014-02-24 14 The IMF ‘will be ready to engage’ Kiev, says Lagarde sian aid. Reuters, Bloomberg [SYDNEY] The United States, Europe and the United Kingdom said they stand ready to help Ukraine following President Viktor Yanukovych’s ouster, days after Standard Poor’s (S&P)sian aid. – Reuters, Bloomberg; PHOTO: BLOOMBERG - 625 words
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631 2014-02-24 14 ANTHONY ROWLEY - Japan’s rice production is set to go through an internal revolution By ANTHONY ROWLEY in Tokyo RICE is a pivotal item on the menu at the current Singapore ministerial meeting on the Trans-Pacific Partnership (TPP), particularly where Japan and the US are concerned. But631 words
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Article, Illustration628 2014-02-24 14 Measures will ramp up international tax cooperation AFP [SYDNEY] The Organisation for Economic Cooperation and Development (OECD) yesterday delivered a new global standard to crack down on tax evasion with more than 40 countries already committing to measures which the European CommissionAFP - 628 words
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607 2014-02-24 15 Its US$543b is 71% of net Treasury borrowing; Japan is largest foreign buyer NYT [NEW YORK] The Federal Reserve financed most of the government’s deficit in 2013, in sharp contrast to the year before, when the Fed did not add toNYT - 607 words
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Article, Illustration109 2014-02-24 15 THE broken vase incident at the Perez Art Museum Miami echoes one of Ai Weiwei’s own photographic works that depicts the artist dropping a ceramic vase from the Han Dynasty to the ground and smashing it. Dominican-born Maximo Caminero, 51, was arrested and charged with criminal mischiefPhoto: AFP - 109 words
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573 2014-02-24 15 Bloomberg [WASHINGTON] How is a recession like a bad joke? Ben Bernanke couldn’t stop either in 2008. Even in the grimmest of times, Federal Reserve officials maintained a sense of humour, regaling their colleagues with jokes about their spouses, eating habitsBloomberg - 573 words
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279 2014-02-24 15 AFP [BERLIN] Germany’s low salaries have given Europe’s biggest economy an “unfair” competitive advantage over its partners and must be corrected, a junior German minister has said. Michael Roth, state secretary for European Affairs, was commenting on Germany’s record trade surplus, which surgedAFP - 279 words
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384 2014-02-24 15 CEO Stuart Gulliver to receive £1.8m bonus, part of an overall pay deal of over £7m Reuters [LONDON] HSBC will announce staff bonuses totalling just under £2.4 billion globally for 2013 and is expected to report a significant rise in pretax profit,Reuters - 384 words
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616 2014-02-24 15 It admits wrongdoing in cross-border advisory services Reuters [NEW YORK] Credit Suisse Group AG agreed to pay US$196.5 million and admit wrongdoing to settle US Securities and Exchange Commission (SEC) charges that it provided crossborder brokerage and investment advisory services to US clientsReuters - 616 words
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539 2014-02-24 16 Companies now prefer to use smaller number of advisers Reuters [NEW YORK] WhatsApp? Not Goldman Sachs. The world’s top deal adviser for nine of the past 10 years, Goldman Sachs Group Inc has been notably absent on 2014’s largest mergers and acquisitionsReuters - 539 words
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369 2014-02-24 16 Bloomberg [NEW YORK] Business Wire, the distributor of press releases owned by Warren Buffett’s Berkshire Hathaway Inc, will stop letting high-speed trading firms purchase direct access to its service. After consulting with Mr Buffett, a billionaire known for holding onto investmentsBloomberg - 369 words
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Article, Illustration306 2014-02-24 16 Reuters [ABUJA] A Nigerian court has issued an order on the security agencies barring them from arresting suspended central bank governor Lamido Sanusi, after he was briefly detained and his passport seized at the airport, a document viewed by Reuters showed. JusticeReuters; PHOTO: AFP - 306 words
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Article, Illustration923 2014-02-24 18 Scrapping of ‘maker-taker’ system seen benefiting stock exchanges Bloomberg [WASHINGTON] The New York Stock Exchange (NYSE) and a group of money managers are lobbying US securities regulators to abolish the practice of paying rebates to large brokers to attract trades to stock exchangesBloomberg; PHOTO: AFP - 923 words
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Article, Illustration738 2014-02-24 18 Investment adviser rules give sufficient protection: Industry Bloomberg [WASHINGTON] The US Securities and Exchange Commission is considering granting private-equity firms a reprieve after they collected billions of dollars in deal fees without being registered to do so, according to a personBloomberg; PHOTO: BLOOMBERG - 738 words
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210 2014-02-24 18 Bloomberg [BERLIN] German lenders are lobbying Finance Minister Wolfgang Schaeuble to resist calls for faster pooling of Europe’s planned bank-resolution fund, citing the potential cost for Germany. Sticking with the fund’s proposed 10-year build-up while merging its national compartments after five years would make itBloomberg - 210 words
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286 2014-02-24 18 Reuters [WASHINGTON] American regulators said that eight big US banks could use their own, tailored risk models to determine their capital requirements in the future. Banks must rely less on debt and more on capital raised from shareholders asReuters - 286 words
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745 2014-02-24 18 IFR [LONDON] European banks are lining up a new breed of trades to boost regulatory capital in an effort to provide investors with equitylike exposure while avoiding the dilution of existing shareholders. The concept of a bank issuingIFR - 745 words
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Page 14 Advertisements
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Advertisement667 2014-02-24 14 KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices TRANSVIEW HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****2905Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of Transview Holdings Limited (“Company") will be held at Carnation Room, Level 3,667 words
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Advertisement279 2014-02-24 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 1) HAROLD PTE LTD (Co. Registration No. *****3651R) 2) DMG CAPITAL CORPORATION PTE LTD (Co. Registration No. *****3493R) 3) STORM LION PTE LTD (Co. Registration No. *****8370H) (IN CREDITORS’ VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE279 words
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Advertisement106 2014-02-24 14 WEESON HOLDINGS PTE LTD (In Member’s Vol. Liquidation) Co Reg. No. *****2171C FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Cap. 50) that the Final General Meeting of the Members of the abovenamed Company will be held at 22 Bournemouth Road, Singapore *****2 on106 words
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Page 15 Advertisements
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Advertisement80 2014-02-24 15 1 pecialistfor Company Trips rust Our Knowledge For All Your Travel Needs -> U) 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 Budget Tour Planners Pte Ltd 51 Cuppage80 words
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Advertisement190 2014-02-24 15 Partake in the Region’s Dedicated International Wine and Spirits Trade Show '-'Spirits Acin OH Asia 2014 The 13th International Exhibition of Wine Spirits 8-11 APRIL 2014 SINGAPORE EXPO O 200 exhibitors from 20 countries regions O 8 international group pavilions from Australia, Austria, France, Italy, Portugal, Singapore, South Africa and190 words
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Page 16 Advertisements
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Advertisement1679 2014-02-24 16 Audited Balance Sheet and Income Statement as included in the Annual Financial Report 2013 dated 18 November 2013 and other selected disclosures as required by MAS notice 607 National Australia Bank Limited ABN 12 004 044 937 Registered Office: Level 1, 800 Bourke Street, Docklands, Victoria 3008, Australia Balance Sheet1,679 words
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Page 17 Advertisements
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Advertisement392 2014-02-24 17 STPROPERTY EXPO MARCH 2014 j M-j sSBSHHRh*? Let STProperty bring Malaysia's most established property developers to you! Date: 1 2 March 2014 Venue: Suntec Singapore Level 4. Hall 406 Time: 1 1 00am to 7.00pm Foreign buyers can still snap up Johor properties with the current minimum RM500,000 price by392 words
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AVIATION
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Article, Illustration837 2014-02-24 19 Previously shelved project now viable with rise in budget airlines, tourists AFP [TAIPEI] Taiwan’s ambitions to become a regional air hub finally look set to take off with approval for a mega “aerotropolis” to cash in on improving ties with China and the riseAFP; PHOTO: AFP - 837 words
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753 2014-02-24 19 Reuters [SYDNEY] Australia will buy eight of Boeing Co’s P-8A Poseidon long-range spy planes for A$4 billion (S$4.5 billion), part of a growing trend by Asia-Pa-cific nations to protect commercial maritime interests as tensions in the region rise. The purchase isReuters - 753 words
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948 2014-02-24 19 Reuters [WASHINGTON] US aerospace companies are seeking permission to sell airliner parts to Iran for the first time in three decades, in a key test of the temporary relief on sanctions given under talks to curtail Iran’s nuclear activities.Reuters - 948 words
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Article241 2014-02-24 19 SGX '000 Feb 21 S$ +/-Vol Ch Offshore 0.41 unch 12 Chuan Hup Hldg 0.26 unch 106 Cosco Corp 0.71 0.01 568 Cwt Limited...............1.32 0.01 293 First Ship Lea unch unch 0 Grand Banks 0.22 unch 4 Jaya Hold Ltd K1Ventures................0.20 0.02 ***** Keppel Corp 10.47 0.02 2922241 words
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Page 19 Advertisements
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Advertisement59 2014-02-24 19 mw SIN, ASIA’S LARGEST 1 Educational Kids’ Fair Join us at Asia's Largest Education Fair! Singapore Expo Hall 5 21 -23 March 2014 BOOK NOW! Limited Booths available! li -S MS urn, rv’ m k For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 900859 words
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Page 19 Miscellaneous
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Miscellaneous323 2014-02-24 19 CRYPTIC CROSSWORD Across 1 Killing time (7,6) 10 Made a searching examination, by all accounts (7) 11 Runner allowed to take part in different heat (7) 12 Were reformed in jug (4) 13 A well-oiled lock? (5) 14 Just fine! (4) 17 Little girl’s wrong to misrepresent the facts (7)323 words
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DINING OUT
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Article, Illustration964 2014-02-24 20 JAIME EE - New chef Han Li Guang plates up inspired creations, full of flavour and originality, writes JAIME EE JAIME EE NEW RESTAURANT Restaurant Labyrinth 5 Neil Road Tel: 6223-4098 Open for dinner Tues to Sun: 7pm to 11pm YOU wonder what a crab did to Han Li964 words
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Advertisement163 2014-02-24 20 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 office163 words
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SINGAPORE STOCKS
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Article3355 2014-02-24 21 Week ended: Feb 21 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 14 11 8Telecom Last Sale Vol ('000) Week Last Quote High Low Buyer Seller 181.6 102.4 AIMSAMPIReit 138.5xri +1.8 8682 138.53,355 words
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Article353 2014-02-24 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 $mil 37 21 t 3Cnergy 500 Last Vol Week 2.4 0.9 t Advanced System 0.9 -0.1 1570 1 0.9 0.9 1.1 15.8 Net M Cap353 words
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Article117 2014-02-24 22 Stock name Close Change CapMallsAsia 1.820 +0.010 CapitaLand 2.870 +0.010 CapitaMall 1.875 +0.025 CityDev 9.330 +0.060 ComfortDelGro 1.950 -0.005 DBS Grp 16.690 +0.070 GLP 2.790 -0.070 Genting SP 1.360 -0.040 Golden Agri 0.550 HK Land 6.280 Stock name Close Change HPH Trust US$ 0.630 JMH 56.000117 words
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Article1926 2014-02-24 22 Transaction date: Feb 21 HONG KONG Vol HK$ +/-'000 Aeon Stores ■000 Angang Steel 4.96 0.02 3162 Anhui Conch 29.90 -0.30 ***** Anhuiexpresswa 3.97 0.03 1606 Asia Satellite 33.75 -0.20 21 Asm Pacific 68.05 -0.10 454 Avic Ihl 0.05 5 Baiyunshan Ph Bank Of China 3.25 -0.02 *****81,926 words
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Article264 2014-02-24 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 $mil 61 34.4 AVJennings A58 +1 66 58 57 58 59.5 3.6 6 4.7 214.7 52 35.5 Genting HK US$ US40.5 -1.5 ***** 42.5 40 40 40.5 2666.7264 words
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Article186 2014-02-24 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 2 3 0 0 0 10 2 3 Manufacturing 112 38 30 17 10 7 129 48 37 Commerce 46 14 15 10 6 3 56 20 18 Tpt/Stor/Comms 22 18 4186 words
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Article1015 2014-02-24 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 $mil 121 108.3 ABF SG Bond ETF 114 unch 2 114 114 113 114 520.4 143 119 CIMB APAC Div 100S$D 124.2 +2.2 5 124.2 124.1 1231,015 words
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Article123 2014-02-24 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 152,384 152,384 261,049 261,049 Manufacturing 2,308,321 660,149 2,968,470 809,348 29,566 838,914 Commerce 723,587 1,445,619 2,169,206 453,951 119,440 573,391 Tpt/Stor/Comms 402,058 16,624 418,682 621,450 1,463 622,913 Finance 217,361 2,992 220,353 685,467 866 686,333 Construction 226,085 572,687123 words
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Advertisement26 2014-02-24 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 TIMES26 words
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FINANCE & COMMODITIES
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Article689 2014-02-24 23 Feb 21 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.61 *****.81 *****.61 Mar14 *****.00 *****.00 *****.00 *****.00 *****9 *****7 Jun14 *****.00 *****.00 *****.00 *****.00 2621 8121 MSCI TAIWAN INDEX FUTURES SPOT 298.88 302.01 298.88 Feb14 298.30 303.00 297.90 301.70 ***** *****6 Mar14 298.10689 words
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373 2014-02-24 23 In local curr In S$ In US$ dy yr dy yr dy yr Feb 21 Index Change Change Change Change Change Change World Preliminary 1186.2 0.5 0.1 0.7 0.6 0.5 0.2 EAFE Preliminary 955.5 0.8 -0.1 1.1 0.9 0.9 0.5 Europe Preliminary 1380.8 0.4 1.9373 words
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Article471 2014-02-24 23 Feb 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.004 5.478 0.656 6.979 55.917 105.732 0.923 9.644 2.964 1.084 94.367 40.106 1.139 9.931 0.801 27.311 29.290 0.540 0.900 Canada 0.996 5.456471 words
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Article34 2014-02-24 23 Feb 21 (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 Reuters34 words
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Article86 2014-02-24 23 Feb 21 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 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.57 5-Year NX*****W 2.5 01-Jun-19 105.41 105.50 105.50 10-Year NX*****H86 words
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Article136 2014-02-24 23 Feb 21 GOLD(US$/oz) Feb 21 Feb 20 Hong Kong 1325.00 1317.00 Feb 21 Feb 20 London 1319.60 1314.99 1320.25 1315.66 Source: Thomson Reuters CAST BAR Feb 21 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121 54 5gm 343 268 10gm 612 536136 words
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Article57 2014-02-24 23 Feb 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2756.0 2776.0 2777.0 2736.0 745 4899 Apr 14 2763.0 2777.0 2779.0 2739.0 4732 ***** May 14 2746.0 2755.0 2758.0 2720.0 ***** ***** Jun 14 2733.0 2732.057 words
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Article155 2014-02-24 23 Feb 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1380 1.1391 0.8998 0.8999 Canadian dollar 1.1331 1.1347 0.8965 0.8960 Euro 1.7342 1.7359 1.3712 1.3714 NZ dollar 1.0494 1.0506 0.8298 0.8300 Sterling pound 2.1075 2.1097 1.6664 1.6667155 words
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Article121 2014-02-24 23 As at 9am Feb 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.164 1.109 Can dollar 1.158 1.114 Euro 1.775 1.691 Sterling pound 2.146 2.064 NZ dollar 1.076 1.035 US dollar 1.290 1.229 Local dollars to 100 units of foreign121 words
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Article158 2014-02-24 23 Feb 21 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ 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 12158 words
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1295 2014-02-24 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 39 -1 10 0.0 5 -89 53 Asia-Pacific Strategic W*****6 0.2 1 123 174 225.00 3 Ratio Albedo Limited W*****9 Price Ascendas Reit MB ECW*****3 Disc Ascendas Reit1,295 words
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Article109 2014-02-24 23 Feb 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1370.75 1358.25 1372.25 1351.50 May 14 1360.25 1347.75 1362.00 1341.00 Jul 14 1344.75 1331.75 1346.25 1325.75 Aug 14 1299.25 1281.25 1301.50 1276.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14109 words
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Article94 2014-02-24 23 Feb 21 COCOA (£/tonne) Close Prev High Low Mar 14 1843 1856 1861 1835 May 14 1848 1859 1867 1840 Jul 14 1843 1854 1860 1835 Sep 14 1836 1844 1851 1827 COFFEE(US$/tonne) Close Prev High Low Mar 14 1981 1975 2012 1963 May 14 1955 1959 1988 194594 words
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Article70 2014-02-24 23 CRUDE OIL PRODUCTS Feb 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.19 -0.50 WTI (Near Mth) 103.14 -0.53 Dubai (1-Mth F) 106.45 -0.18 Tapis blend 115.71 -0.38 Minas 108.71 -0.38 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.56 0.12 Jet Kerosene 124.75 0.23 US$/barrel OpecOil Basket70 words
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Article22 2014-02-24 23 Feb 21 S$ Bid Offer 1-month 1.2647 1.2658 2-months 1.2646 1.2658 3-months 1.2646 1.2657 6-months 1.2644 1.2655 Source: OCBC22 words
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Article66 2014-02-24 23 Feb-21 Feb-21 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1727.50 1728.50 3 months 1771.00 1772.00 Copper, Grade A(US$/tonne) Cash 7211.00 7198.00 3 months 7155.00 7155.00 Lead(US$/tonne) Cash 2131.75 2119.50 3 months 2150.00 2137.50 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months66 words
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Article2255 2014-02-24 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 THE2,255 words
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Advertisement133 2014-02-24 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 H133 words
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Advertisement135 2014-02-24 24 ‘V'Ti r JffN new ie pc rgi 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, *****541,135 words
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Advertisement73 2014-02-24 25 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE If you missed our recent superb editorial and industry highlights in The Business Times, log on to http://events.stclassified.sg/bt-offshoreoilandgas/ to73 words
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Advertisement18 2014-02-24 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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BizIT THE USINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration847 2014-02-24 26 VICTORIA HO - Parent Rocket Internet hopes to dominate online buying in S-E Asia, reportsVICTORIA VICTORIA HO LAZADA, an e-com-merce company, is opening in Singapore in the second quarter of this year, getting a headstart here over Western online retailers such as Amazon.com. The e-commerce847 words
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484 2014-02-24 26 ADELINE TAN - By ADELINE TAN CLOUD computing has lowered the barriers of entry for start-ups by enabling access to lower cost and readily available IT infrastructure. But global software company Progress Software is taking things a notch up with a cloud-based platform that makes it easy and484 words
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Article, Illustration870 2014-02-24 27 ADELINE TAN - About 90% of the time, 3D printing is used for prototyping By ADELINE TAN A DENTAL crown. A marriage proposal ring box in the form of an HDB flat. Pill prototypes used to set up a packaging process. These are justFILE PHOTO - 870 words
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691 2014-02-24 27 KEVIN KWANG - By KEVIN KWANG MUCH has been made of the big data and analytics market, with many IT vendors proclaiming the inevitable growth of this market. The benefits of having re-al-time insights to make critical business decisions, however, will not trickle down to local small691 words
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Advertisement296 2014-02-24 26 Fujitsu recommends Windows 8 Pro. FuflTSU Experience Intuitive Computing with Touch STYLISTIC Q704 LIFEBOOK S904 ..i (D I The ideal touch-enabled travel companion featuring full functionality, exceptional lightweight design starting from 1.13 kg and long-lasting runtime of up to 32 hours. Super high resolution (2560x1440) WQHD display Sturdy magnesium display296 words
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Advertisement424 2014-02-24 26 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,424 words
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Advertisement136 2014-02-24 27 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 THE136 words
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Advertisement38 2014-02-24 27 Adv. Excel Course $99 Basics Recap, Pivot Table, Data Validation, Lists, IF, VLookup, HLookup, SumlF, CountIF, Filters, Charts, Conditional Formatting, Multiple Worksheets, Protection Sharing, Printing Setup and more... 1 Day Hands-on Course Confirm Dates 14/03,21/03,07/04,28/04 6338 6687 www.infocomonline.com38 words
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Advertisement258 2014-02-24 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 offered258 words
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