The Business Times, 25 February 2014

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Microfilm: NL32980
Total Pages: 28
1 28 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 Tuesday, February 25, 2014
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  • Article, Illustration
    Lock icon UIC makes unconditional $762m offer for SingLand
    775 1  -  Latter’s shares rise as much as 11.8% but observers say revised bid unlikely By LYNETTE KHOO lynkhoo@sph.com.sg [SINGAPORE] United Industrial Corporation (UIC), a company controlled by veteran banker Wee Cho Yaw and Philippine tycoon John Gokongwei, said that it was taking its 80.36
    BT Graphics: Jennifer Chua, Lynette Khoo  -  775 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,105.84 (+5.91) GST INDEX FUTURES 3,106.00 (+6.00) GSIMSCI 353.74 (+0.65) GSIMSCI FUTURES 354.20 (+1.30) US$ S$ US$ (S$ per US$) 1.266 (US$/S$ per 1.663 2.105 EURO (US$/S$/€ 1.374 1.739 Foreign currency per US$ S$ YEN 102.30 80.80 RM 3.284 2.594 HK$ 7.756 6.127 BAHT 32.57 25.72 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,828.68 -2.06 NIKKEI 225 14,837.68 -27.99 HANG SENG 22,388.56 -179.68 SET INDEX 1,301.38 -2.83 JAKARTA COMP 4,623.57 -22.58 MANILA COMP 6,296.32 -12.04 SEOUL COMP 1,949.05 -8.78 SHENZHEN B 837.96 -12.73 MUMBAI IND 20,811.44 +110.69 11am EST Change DOW 16,246.00 +142.70 NASDAQ 4,303.03 +39.62
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA 6.55 INDONESIA 5.00 INDONESIA JAPAN TAIWAN 5.036 JAPAN US KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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  • Article
    Lock icon CEO pay in S’pore holds steady as profits slip: report
    705 1  -  By MICHELLE QUAH By michquah@sph.com.sg [SINGAPORE] The median salaries of CEOs in Singapore held steady at $875,000 per annum in the last financial year, even as the profitability of companies slipped 0.5 per cent. And head honchos in the property
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      94 1 S’PORE ECONOMY Low January inflation conceals underlying price pressures page 2 GEORGE OSBORNE G-20 to make concrete commitments to spur growth PAGE 3 CORPORATE RESULTS SembMarine’s Q4 profit up 9.2% PAGE 4 PROPERTY 200 out of 300 units at RiverTrees Residences sold PAGE 28 Inc Dough-fritter company Xi De Li
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  • TOP STORIES
    • Article, Illustration
      Lock icon Low January inflation masks underlying price pressures
      696 2  -  Accommodation and private road transport costs skew headline figure By KELLY TAY kellytay@sph.com.sg [SINGAPORE] Inflation may have dropped to a near four-year low in January dipping to 1.4 per cent from 1.5 per cent in December but economists say the benign headline rate
      Source: Department of Statistics  -  696 words
    • Article, Illustration
      Lock icon Stamp duty forecast not proxy for property market
      649 2  -  By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] The Budget’s estimated 30 per cent drop in stamp duty revenues may not necessarily foretell a dire year for the property market, an analysis by The Business Times has found. According to Finance Minister Tharman Shanmugaratnam’s Budget
      649 words
    • Article
      Lock icon Continued violence may risk Thailand’s collapse: army chief
      348 2 AFP [BANGKOK] Thailand’s army chief warned yesterday that the country risks “collapse” unless it pulls back from escalating violence after attacks in recent days left three children dead in the kingdom’s worst political unrest since 2010. “As days go by, there will
      AFP  -  348 words
    • Article
      Lock icon Higher CPF contribution to have minimal impact on firms: DBS
      476 2  -  Any reduction in earnings should be capped at 1 of net profit, it adds By JAMIE LEE By leejamie@sph.com.sg [SINGAPORE] The increase in Central Provident Fund (CPF) contribution proposed in this year’s Budget would have minimal impact on listed companies
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    • Article
      Lock icon THREE-MINUTE DIGEST
      306 2 UIC makes unconditional $762m offer for SingLand IT proposes an unconditional voluntary cash offer of $761.67 million, or $9.40 per share, for all the shares it does not already own. FRONT PAGE CEO pay in S’pore holds steady even as profits slip THE median salary comes to $875,000
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    • Article
      Lock icon Will incentives lead to desired SME outcomes?
      672 2  -  Economists look at impact on areas such as innovation BUDGET 2014 By TEH SHI NING By tshining@sph.com.sg [SINGAPORE] Budget 2014 may have extended more carrots than sticks to businesses, but whether these extra incentives will meet SMEs’ needs or raise productivity, innovation and
      672 words
    • Article, Illustration
      Lock icon Osborne spells out common themes in hitting G-20 goal
      759 3  -  Among other things, banking system needs to be fixed and well capitalised By VIKRAM KHANNA vikram@sph.com.sg [SINGAPORE] The leaders of the Group of 20 (G-20, the world’s 20 largest economies) aim to make concrete commitments on how they will spur growth
      PHOTO: DESMOND FOO/THE STRAITS TIMES  -  759 words
    • Article, Illustration
      Lock icon Expect more private banking consolidation in Asia: Credit Suisse
      637 3  -  To succeed, players in region must offer investment banking By JAMIE LEE leejamie@sph.com.sg [SINGAPORE] Asia should see further consolidation in the private banking space as banks shed non-core assets and as competitors find it difficult to scale up, said the head
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      141 3 CELEBRATE OUR AWARDS WITH A BONUS FROM US THE AWARD-WINNING LEXUS GS IS The performance duo, the Lexus GS and IS, have emerged as top award winners in their league. Tested for performance and precision on the world's toughest proving grounds, the Lexus GS and IS offer the ultimate combination
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  • COMPANY NEWS
    • Article
      Lock icon SembMarine’s Q4 profit up 9.2%, boosted by rig-building
      482 4  -  Company proposes final cash dividend of 8¢, the same as in the year before By JOYCE HOOI joyceh@sph.com.sg SEMBCORP Marine’s rigbuilding projects and other operating income pushed its fourth-quarter net profit 9.2 per cent higher to $182.4 million. Excluding non-operat-ing items, the
      482 words
    • Article, Illustration
      Lock icon Raffles Medical net profit up 49% at $84.9m
      449 4  -  Jump attributed to higher revenue, gain on sale of subsidiary By NISHA RAMCHANDANI nishar@sph.com.sg RAFFLES Medical Group’s (RMG) net profit for the 12 months ended Dec 31, 2013 surged 49.3 per cent to $84.89 million, boosted by higher revenue and a gain
      ST FILE PHOTO  -  449 words
    • Article
      Lock icon One-off gains put Intraco in the black for FY2013
      510 4  -  By CAI HAOXIANG haoxiang@sph.com.sg INTRACO, the pedigreed trading company on the Singapore Exchange (SGX) mainboard that has languished after the excitement of a 2012 takeover fight, swung to the black last year on one-off gains amid a business restructuring. The company
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    • COMPANY BRIEFS
      • Article
        Lock icon China Fishery can meet higher financing needs
        114 4 CHINA Fishery Group, the subsidiary of frozen fish supplier Pacific Andes Resources Development, has enough liquidity to manage higher financing needs this year despite a recent acquisition, said Fitch Ratings. This is because of continued bank support and likely higher operating cash-flow generation,
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      • Article
        Lock icon RH Petrogas announces US$13.8m write-off
        87 4 IN A profit-guidance update for the fourth quarter ended Dec 31, 2013, RH Petrogas announced a write-off of some US$13.8 million for two unsuccessful exploration wells in Indonesia, one in the Basin PSC and the other in the Salawati Kepala Burung PSC (Island PSC). The
        87 words
      • Article
        Lock icon OKP Hldgs’ Q4 profit dives 62.1% to $1.44m
        84 4 OKP Holdings reported a net profit of $1.44 million for the fourth quarter ended Dec 31, down 62.1 per cent year on year despite a 29.1 per cent increase in revenue to $35.47 million. For the full year, net profit worked out
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      • Article
        Lock icon Kian Ho Bearings’ earnings rise 10%
        53 4 KIAN Ho Bearings earned a net profit of $1.28 million for the financial year ended Dec 31, representing an increase of 10 per cent from the previous year, while revenue shrank 8 per cent to $78.75 million. A dividend of 0.2 cent per share
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    • Article, Illustration
      Lock icon Rickmers posts US$8m Q4 loss
      337 4  -  By GRACE LEONG By gleong@sph.com.sg IMPAIRMENT charges totalling US$20.8 million sent Rickmers Maritime’s earnings into the red, with net losses of US$8.04 million for the fourth quarter ended Dec 31, compared with net profit of US$2.24 million a year earlier. The company posted FY2013 profit
      FILE PHOTO  -  337 words
    • Article
      Lock icon Cosco Corp’s full-year net tumbles 71%
      354 4  -  By MINDY TAN tanmindy@sph.com.sg COSCO Corp’s net profit for the full year ended Dec 31, 2013, slid 71 per cent to $30.6 million from $105.7 million. This came on the back of a 6 per cent decline in revenue to $3.51 billion and a
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    • Article, Illustration
      Lock icon Super Group’s profit up; proposes bonus issue
      400 4  -  By JAMIE LEE leejamie@sph.com.sg SUPER Group, whose stock is now trading at $3.90, has proposed a one-for-one bonus share issue to boost trading liquidity. The reasons the maker of instant beverages cited for the move include boosting trading liquidity and reflecting growth and
      FILE PHOTO  -  400 words
    • Article
      Lock icon China XLX net profit falls 15% on flat revenue
      339 5  -  EPS drops to 22.45 fen; final dividend of six fen per share declared By JACQUELYN CHEOK jaccheok@sph.com.sg CHINA XLX Fertilizer, a Henan-based fertiliser producer, has posted a net profit attributable to owners of 264.05 million yuan (S$54.8 million) for the financial
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    • Article
      Lock icon Wheelock Q4 loss trebles on project provision
      446 5  -  Poor take-up rate for The Panorama development By NISHA RAMCHANDANI nishar@sph.com.sg MAINBOARD-listed Wheelock Properties sank deeper into the red with a loss of $91.3 million for the fourth quarter ended Dec 31, 2013, versus a loss of $30.8 million in the corresponding period
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    • Article
      Lock icon Moody’s downgrades Optus Finance rating to A1
      217 5  -  By JOYCE HOOI joyceh@sph.com.sg MOODY’S Investors Service downgraded the senior unsecured long-term ratings of Optus Finance Pty Limited from Aa3 to A1 yesterday, but revised the firm’s outlook from negative to stable. Optus Finance is a wholly owned subsidiary of SingTel Optus Pty
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    • Article
      Lock icon Q&M buys Chinese specialised dental materials maker for 80m yuan
      319 5  -  By LEE MEIXIAN leemx@sph.com.sg Q&M Dental Group has signed a binding master agreement for a full stake in specialised dental materials manufacturer Qinhuangdao Aidite High Technical Ceramic Co for 80 million yuan (S$16.7 million). This compares with the 76.5 million
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    • Article
      Lock icon Megachem’s FY13 net profit falls 21%
      299 7  -  Gross profit down 1.2% despite higher sales from Asean, American markets By JACQUELYN CHEOK jaccheok@sph.com.sg SPECIALITY chemicals distributor Megachem posted a 21.1 per cent decline in net profit attributable to equity-holders to $2.5 million for the financial year ended Dec 31, 2013, from $3.17
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    • Article
      Lock icon UOB to finance Myanmar power project
      481 7  -  It signs deal with Asiatech Energy for the US$170m plant By SIOW LI SEN lisen@sph.com.sg UNITED Overseas Bank (UOB) is stepping up its business in Myanmar, focusing on financing infrastructural projects. Yesterday, UOB signed a financing agreement with Singapore company Asiatech Energy to build
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    • Article
      Lock icon Sim Lian to buy 5 shopping malls in Australia
      334 7  -  By RAPHAEL LIM raphlim@sph.com.sg PROPERTY and construction group Sim Lian is acquiring five neighbourhood shopping centres in Australia for A$133 million (S$ 151.2 million), in a bid to smoothen fluctuating development profits. The properties four in operation and the fifth to
      334 words
    • Article, Illustration
      Lock icon GLP tightens its grip on China’s logistics industry
      275 7  -  By RAPHAEL LIM raphlim@sph.com.sg GLOBAL Logistic Properties (GLP) has signed a strategic partnership with China’s largest state-owned logistics company to develop a national network of logistics facilities there. The deal with Sinotrans Logistics Investment Holding will strengthen GLP’s position as the top
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI tops 3,100 but gainers trail losers
      469 6  -  Jardine stable hoists blue chips; market turnover moderate at 1.9b shares worth $903.6m STOCKS KENNETH LIM kenlim@sph.com.sg Correspondent Headline numbers can sometimes be misleading. When the market benchmark rises to break through and hold past a psychological threshold, that would usually be a
      Source: Bloomberg  -  469 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Feb 24 VALUE CLOSE BT OB/OS 338.00 +27.00 BT CADI -*****.00 -46.00 BT 10-day MA -*****.00 +34.00 FTSE ST Mid Cap 711.19 -0.35 FTSE ST Small Cap 533.87 -2.68 FTSE ST All Share 754.33 +0.75 FTSE ST China Top 198.39 -0.61 FTSE ST China 225.85 +0.40 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Mirach Energy 151,074,000 CCM Grp 140,891,000 Albedo 101,432,000 KLW Hldgs 91,248,000 Vallianz Hldgs 89,050,000 Cedar 88,526,000 Otto Marine 59,823,000 HanKore 43,078,000 CNA 40,729,000 Federal Int 38,391,000 VALUE($) SingTel 51,730,008 OCBC Bk 41,491,275 DBS Grp 33,615,170 Genting SP 32,878,085 CapitaLand 31,082,086 EzionHldg 29,609,030 UOB 29,011,690 Mirach Energy
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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 5 5 5 0 0 0 5 5 5 Manufacturing 49 56 44 9 9 3 58 65 47 Commerce 18 23 18 6 7 3 24 30 21 Tpt/Stor/Comms 15 12 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,041 14,041 32,879 32,879 Manufacturing 281,968 213,073 495,041 121,475 7,866 129,342 Commerce 118,098 250,218 368,316 80,188 25,787 105,975 Tpt/Stor/Comms 89,264 355 89,619 96,500 33 96,533 Finance 25,701 253 25,954 116,609 89 116,698 Construction 40,111 183,936
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Frasers Centrepoint
        306 6 Feb 24 close: S$1.475 DBS Group Research, Feb 24 WE initiate coverage on Frasers Centrepoint Ltd (FCL) with a “buy” rating. As the fourth-largest listed developer, FCL offers investors a sizeable listed investment option with a market cap in excess of S$4 billion and asset value of S$11.5
        Source: Bloomberg  -  306 words
      • Article, Illustration
        Lock icon Sheng Siong Group
        496 6  -  Compiled by JOYCE HOOI Feb 24 close: S$0.605 OCBC Investment Research, Feb 24 FY2013 results were in-line. Sheng Siong Group’s (SSG) FY2013 revenue increased 7.9 per cent to S$687.4 million and forms 99.9 per cent of our forecasts. Gross margin improved from 22.1 per cent to 23
        Source: Bloomberg  -  496 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      116 6 Stock name Close Change CapMallsAsia 1.810 -0.010 CapitaLand 2.850 -0.020 CapitaMall 1.885 +0.010 CityDev 9.250 -0.080 ComfortDelGro 1.955 +0.005 DBS Grp 16.65 -0.040 GLP 2.810 +0.020 Genting SP 1.355 -0.005 Golden Agri 0.555 +0.005 HK Land 6.280 HPH Trust US$ 0.635 +0.005 JMH 56.30 +0.300 JSH
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    • Article, Illustration
      Lock icon Euro rises after upbeat Ifo survey
      462 6 CURRENCIES Reuters [LONDON] The euro rose against the US dollar yesterday on a better-than-forecast German business indicator, while the yen climbed as investors sought safe havens after a fall in Asian stock markets and soft China house price data. The euro rose as high
      Reuters; PHOTO: BLOOMBERG  -  462 words
    • Article
      Lock icon RISES
      113 6 BY CENTS CLOSE UP DBXT EONIA 5US$ *****1116.5 4.8 Lyxor Indonesia10US$ 8314 877.3 9.1 SPDR DJIA 10US$ ***** 821.6 4.2 DBXT Nifty 10US$ ***** 412.7 3.3 IS DJ US Tech 9007 406.4 3.7 SPDRS S&P 500 10US$ ***** 302.6 1.3 IS S&P500 ***** 257.0 1.1 DBXT iBoxxUSTr 5US$ *****
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    • Article
      Lock icon FALLS
      126 6 BY CENTS CLOSE DOWN DBXT AUDCS 5SG$ ***** -387.0 -1.6 DBXT USDIGInfl 5US$ ***** -377.2 -1.1 Lyxor ThaiSET 10US$ ***** -370.9 -2.5 DBXT AUDCS 5US$ ***** -183.6 -0.8 DBXT FTChina25 10US$ 2755 -84.8 -2.4 Lyxor AsiaCS 10US$ 5562 -67.1 -0.9 JSH 3290 -38.0 -0.9 DBXT MSCHINA 10US$ 1187 -34.2
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      Lock icon Page 7 Advertisements Column 1
      136 7 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
      136 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Antibiotic-free chicken on your plate soon
      599 8  -  Biotech firm, poultry farm team up to use lactobacillus in chicken feed By JAIRA KOH By jairakoh@sph.com.sg LAST year, Kee Song Brothers Poultry Industries teamed up with Otemchi Biotechnologies to run a large-scale trial to introduce a lactobacillus strain into the feed for chickens
      599 words
    • Article
      Lock icon FAST way for bank customers to transfer funds
      385 8  -  By SIOW LI SEN lisen@sph.com.sg BANK customers will soon be able to transfer funds electronically from one bank to another almost immediately. Currently, instant fund transfers happen only for transactions between accounts held in the same bank. The Association of Banks in
      385 words
    • Article
      Lock icon IR opens wafer finishing facility
      250 8  -  By SHEENA TAN tsheena@sph.com.sg POWER management technology company International Rectifier (IR) opened a new wafer processing facility here yesterday. The facility, IR’s first manufacturing site in Asia, will initially add 135 jobs in manufacturing and research and development (R&D) to the electronics industry. The company
      250 words
    • Article, Illustration
      Lock icon Singapore bags 8 entries in Asia’s 50 Best list
      796 8  -  By DEBBIE YONG debyong@sph.com.sg DESPITE its ongoing political troubles, Thailand pulled in a stellar showing at the Asia’s 50 Best Restaurant Awards this year, with its restaurants edging out popular Japanese frontrunners for coveted top spots on the industry-selected restaurant rankings.
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    • Article, Illustration
      Lock icon Down-to-earth about snagging top spot
      601 8  -  B y JAIME EE jaime@sph.com.sg WHEN David Thompson was asked the rhetorical “What if you were voted number one in the Asia’s 50 Best Restaurants list” question just a couple of days ago, he said he would be “appalled” and “cross”. When it became clear
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      Lock icon Page 8 Advertisements Column 1
      141 8 Id solutions for all Y -H»HODC International ICT Expo S BS H M M 13-16 April 2014 Hong Kong Convention and Exhibition Centre 600+ exhibitors from 9 countries and regions Highlights: Apps Zone, Enterprise Solutions IT Outsourcing and Wireless Technologies Smart Devices Concurrent with "HKTDC Hong Kong Electronics Fair (Spring
      141 words
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  • SME Inc
    • Article, Illustration
      Lock icon Rolling in dough
      1311 9  -  Dough-fritter company Xi De Li sees its fortunes rise from a 1920s pushcart to nearly 20 franchises today, reports WANG XIN MIN WANG XIN MIN WHILE the humble yu tiao (fried dough fritter) is recognised by most Singaporeans as a traditional breakfast staple, it means much more
      PHOTO: ARTHUR LEE  -  1,311 words
    • Article, Illustration
      Lock icon Finding opportunity amid challenges
      821 10  -  Research shows that resource constraints can actually facilitate, rather than inhibit innovation THE VIEW FROM NTU PROFESSORS By BOH WAI FONG The author is an associate professor at Nanyang Business School who conducts research in innovation and knowledge management IN THE face of acute labour shortages,
      PHOTO: BLOOMBERG  -  821 words
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      Lock icon Page 9 Advertisements Column 1
      298 9 Business Excellence Awards Winners Sharing Conference PRODUCTIVITY INNOVATION PRACTICES LEARN FROM THE BEST 27 March 2014, 9am to 5.30pm, Marina Bay Sands Convention Centre Be inspired by the best! Six organisations won top honours for their success in the pursuit of business excellence in 2013. Hear from the CEOs of
      298 words
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      Lock icon Page 9 Advertisements Column 2
      134 9 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME Inc pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      134 words
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      181 10 Y t Who Will Be The Clear Winners of SCA 2014? Individuals and companies that have shown exemplary standards in corporate governance, set new benchmarks in corporate disclosure standards, and adhered to a commendable policy of transparency, deserve to be honoured at the Singapore Corporate Awards 2014. Now Open For
      181 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia mining policies cause turmoil, disputes
      764 11 Plans to invest US$4b in new copper smelters may be in jeopardy Reuters [JAKARTA] Indonesian policies to force miners to process raw materials at home are misfiring, as disputes over the new rules disrupt plans to invest nearly US$4 billion in copper smelters to
      Reuters; PHOTO: BLOOMBERG  -  764 words
    • Article
      Lock icon KL’s foreign reserves ‘to hit US$136b mark by end-2014’
      528 11  -  Alliance Bank bases its forecast on easing outflows of hot money By S JAYASANKARAN in Kuala Lumpur A REPORT from Alliance Bank released yesterday predicted that Malaysia’s international reserves would end the year at a slightly higher US$136 billion on the
      528 words
    • Article
      Lock icon Ekuinas ready for first IPO by mid-2014
      234 11 [PETALING JAYA] Ekuiti Nasional Bhd (Ekuinas) is set to be making its first initial public offering (IPO) by the middle of the year through Icon Offshore. The listing on Bursa Malaysia is a major milestone for Ekuinas since its establishment in September 2009
      234 words
    • Article, Illustration
      Lock icon Deriving business value from Big Data
      869 11 Executives in the new EM BA programme will learn to harness data and translate analytics into business intelligence BY NARENDRA AGGARWAL BUSINESSES, whether big or small, watch their numbers closely. Numbers are always important as they reveal the current state of business, and if
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China banks up in arms against Internet giants
      935 12 Lenders guard their turf jealously, with serious threat from Alibaba, Baidu and Tencent Reuters [SHANGHAI] China’s brick-and-mortar banks are launching a counter-attack against the assault on their business from Alibaba and other Internet heavyweights, in a bid to staunch the outflow of
      Reuters  -  935 words
    • Article
      Lock icon Chidambaram, Rajan diverge over inflation
      741 12 India can tolerate higher CPI says one, no says the other Bloomberg [NEW DELHI] Indian central bank Governor Raghuram Rajan has warned that inflation remains the biggest threat to growth, diverging from the nation’s finance chief, who has highlighted diminishing price pressures. A developing economy
      Bloomberg  -  741 words
    • Article
      Lock icon Central bank says China can sustain 7-8% growth
      524 13 Finance minister downplays yuan weakness, risk from shadow banking Bloomberg [SYDNEY] China’s central bank governor Zhou Xiaochuan has signalled that the nation’s economy can sustain growth of between 7 per cent and 8 per cent. Finance Minister Lou Jiwei, meanwhile, played down
      Bloomberg  -  524 words
    • Article, Illustration
      Lock icon Red alert sounded as China smog hits ‘unbearable’ levels
      587 13 Climate-change adviser urges Beijing to slash coal usage Bloomberg [BEIJING] Air pollution in China, the world’s biggest carbon emitter, has reached intolerable levels and the country should aggressively cut its reliance on coal, according to the government’s climatechange adviser. “China’s pollution
      Bloomberg; PHOTO: REUTERS  -  587 words
    • Article
      Lock icon A place in the sun for India e-commerce
      958 13 NYT [BANGALORE] Snapdeal and Flipkart, India’s two largest online marketplaces, are frequent recipients of honorific, hopeful nicknames. They are often called the eBay and Amazon of India. But lately, Kunal Bahl, the young chief executive of Snapdeal, has been drawing parallels with
      NYT  -  958 words
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      Lock icon Page 12 Advertisements Column 1
      163 12 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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      1226 13 1® [«iAT3 NOTICES RICKMERS MARITIME Registration Number: *****03 (Constituted under the laws of Singapore) Managed by RickmersTrust Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Rickmers Maritime will be closed at 5.00 p.m. on 13
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  • WORLD
    • Article
      Lock icon That 2% target: Can the G-20 achieve it?
      847 14 Goals become mere aspirations when there is no enforcement Reuters [SYDNEY] The Group of 20’s proposal to lift economic activity by 2 per cent over the next five years has so many holes in it, there’s no wonder it was the first
      Reuters  -  847 words
    • Article, Illustration
      Lock icon Nations praise Yellen handling of taper fallout
      680 14 Bloomberg [SYDNEY] Janet Yellen, in her first global forum as Federal Reserve chair, won praise for helping smooth emerging market concerns as the Group of 20 (G-20) nations pledged to be mindful of international repercussions of monetary policy. In the lead up to
      Bloomberg; PHOTO: BLOOMBERG  -  680 words
    • Article, Illustration
      Lock icon G-20 plan to end bank bailouts nearing completion this year
      467 14 Bloomberg [SYDNEY] Global finance officials renewed their promise to address risks from unregulated lending and said their drive to end bailouts for large banks should be nearly finished this year. Group of 20 finance ministers and central bank governors meeting
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    • Article
      Lock icon US divorces up as economy improves
      519 14 Demand for housing, jobs rising as new households formed WP [ATLANTA] The number of Americans getting divorced rose for the third year in a row to about 2.4 million in 2012, after plunging in the 18-month recession ended June 2009, according to Census Bureau
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      Lock icon Deutsche Bank to cut assets at US unit: FT
      480 15 It’s confident of meeting new Fed capital rules for foreign lenders Reuters [LONDON] Deutsche Bank has laid out plans to reduce its US balance sheet as the US Federal Reserve adopts new rules to shield the country’s taxpayers from costly bailouts,
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    • Article
      Lock icon Sands ready to invest in Japan
      632 15 Bloomb erg [TOKYO] Las Vegas Sands Corp, the world’s largest gambling company by market value, said it’s ready to invest US$10 billion in Japan, projected to be Asia’s second-largest casino market. “We will spend whatever it takes,” billionaire chairman and CEO Sheldon Adelson said
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    • Article
      Lock icon Investors in Ukraine bonds eye rescue
      531 15 US, Europe, UK have said they’re ready to offer country aid Bloomberg [LONDON] With Ukraine’s new leaders saying that the economy is in peril and a debt default possible, bond investors are looking for clues that fresh aid is on its way. The nation’s
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    • Article
      Lock icon ECB ready with stimulus should deflation occur
      522 15 Bloomberg [SYDNEY] European Central Bank President Mario Draghi said that policy makers are ready to add to stimulus if the outlook for prices deteriorates, though there are currently no signs of deflation in the euro area. “We don’t have any evidence of people
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    • Article
      Lock icon Comcast deal may face monopsony challenge
      913 16 Proposed merger with Time Warner Cable raises antitrust concerns Reuters [WASHINGTON] If US antitrust enforcers decide to challenge the proposed US$45 billion merger of Comcast Corp and Time Warner Cable Inc, it may be because of an idea with a funny-sounding name that is
      Reuters  -  913 words
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      Lock icon From cat lists to journalism: BuzzFeed reinvents itself
      946 16 Investment into news operation drawing readers and investors Reuters [NEW YORK] BuzzFeed has come a long way from cat lists. This month, one of its journalists was on the ground in Kiev reporting on the crisis in Ukraine, and last December it
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      Lock icon Netflix paying Comcast for faster broadband speeds
      344 16 Deal throws open possibility that more content firms will have to pay for better service Reuters [NEW YORK] Netflix has agreed to pay Comcast Corp, one of the largest broadband providers in the US, for faster speeds, throwing open the possibility that more
      Reuters  -  344 words
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      Lock icon HSBC’s misses target with 9% profit rise
      584 17 Bank warns of greater volatility in emerging markets; shares down 4% Reuters [LONDON] HSBC missed market expectations with a 9 per cent increase in annual pretax profit and warned of greater volatility in emerging markets this year, sending its shares down 4 per
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    • Article
      Lock icon German biz confidence at 2.5-yr high
      392 17 Bloomberg [FRANKFURT] German business confidence unexpectedly climbed to the strongest level in 21/2years in a sign that growth in Europe’s largest economy may accelerate. The Ifo institute’s business climate index, based on a survey of 7,000 executives, advanced to 111.3 in February from 110.6
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    • Article
      Lock icon US services growth slows in February
      268 17 LATEST US DATA Reuters [NEW YORK] Growth in the US services sector as well as the pace of hiring slowed in February, an industry report showed yesterday, the latest data to suggest an unusually cold winter is dragging on economic activity. Financial data firm
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    • Article
      Lock icon New Vatican department to oversee finances
      402 17 Reu ters [VATICAN CITY] Pope Francis has taken his boldest step yet to overhaul the Vatican’s scandal-plagued finances, creating a new department with broad powers to oversee all of its economic and administrative affairs, the Vatican said yesterday. The Secretariat for the Economy will
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      Lock icon Online ads moving from desktops to handheld devices
      686 17 Bloomberg [BARCELONA] This year’s Mobile World Congress may prove to sceptics of mo-bile-phone advertising that it’s not about uninvited banners and annoying pop-ups anymore. As the Barcelona event kicked off yesterday, companies from Shazam, which recognises songs in background noise, to Nokia
      Bloomberg  -  686 words
    • Article
      Lock icon UBS said to be seeking immunity in currency probes
      767 18 More than a dozen regulators conducting investigations, bank hopes for leniency Bloomberg [LONDON] UBS AG, trying to reprise its success in limiting fines in a probe of interest-rate rigging, is seeking immunity in the US and European Union as part of
      Bloomberg  -  767 words
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      Lock icon Thai farmers pay the price of political unrest
      825 18 Delays in state ricepurchase payments may raise debt risk Bloomberg [BANGKOK] Koon Thaveepat is in danger of losing his pick-up truck and his livelihood. He’s behind on loan payments as Thailand’s anti-government protests delay state rice-pur-chase payments, threatening to plunge thousands of
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      Lock icon Japan brews sake promotion to help lift export economy
      883 18 NYT [NIHONMATSU] As Japan confronts troubling economic data and memories of its stagnant “lost generation”, the country’s government is offering a little something to take the edge off: a bottle or two of sake. Around the country at international airports, the
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      Lock icon Investors losing patience with big consumer brands
      687 18 The sector is worst performer over the past 6 months Reuters [BOCA RATON, Florida] Investors are growing impatient with the makers of global brands such as Cadbury chocolate, Campbell Soup and Tide laundry detergent, as these stalwart consumer products companies try to boost
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      209 14 itshow.sg/about Get the latest updates on fb.com/comexITshow 2014 27 Feb 2 Mar Sands Levels 1 B2 12pm 9pm daily Marina Bay WIN over $30,000 worth of Cash and Gadgets! (For every $100 spent or deposit placed, you get 1 chance to win. Terms and conditions apply) THE BIGGEST SHOWCASEOF I.T.
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      22 15 WWW my sg »u I.:i til f.\ UFM 9 100.3 S 'J —f' ,h i j- t zzup d c\a&& fB yzone.omy.sg
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      487 15 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VANDA DEVELOPMENT PTE. LTD. (IN MEMBERS’VOLUNTARY LIQUIDATION) CO. REG. NO. *****2962H NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap.
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      49 16 ACADEMY 2014 Participate in the NO. 1 CHILDREN'S EDUCATION SHOW! Suntec Singapore 6-8 June 2014 111 am 9pm BOOK NOW! Limited Booths available! m For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg www.thekidzacademy.com.sg Organised by: sphere A SUBSIDIARY OF Sffl
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      190 16 o SHARElNVLSr K L Many people trade in stocks but how many can enter a trade with confidence and achieve profits consistently? In an increasingly uncertain and volatile investment environment, picking the right stock, entering at the right level and having the discipline to walk away from an unprofitable trade
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      627 17 NOTICES Vaptt Asian Pay Television Trust (Registration Number *****05) (a business trust registered under the Business Trusts Act, Chapter 31 Act Singapore) NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR THE DISTRIBUTION FOR THE PERIOD FROM 1 JULY 2013 TO 31 DECEMBER 2013 NOTICE IS HEREBY GIVEN that the Transfer
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  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon Oil boom sparks congestion in Houston Ship Channel
      783 19 Build-up of sediment could disrupt commerce totalling US$330m a day WP [HOUSTON] It takes an expert pilot to pull off the Texas Chicken. The manoeuvre, in which crossing ships set up for a head-on collision and use each other’s wave pressure to
      WP; PHOTO: BLOOMBERG  -  783 words
    • Article
      Lock icon Changi passenger traffic rises 6.3% in January
      303 19  -  Earlier CNY period helps lift cargo volumes 3.8% By RAPHAEL LIM raphlim@sph.com.sg CHANGI Airport’s strong 2013 performance continued into the new year, with passenger traffic increasing 6.3 per cent year on year in January. The airport handled 4.6 million passengers last month, driven
      303 words
    • Article
      Lock icon Berlin’s Tegel outpaces rivals as doomed airport draws travellers
      319 19 Bloomberg [FRANKFURT] Berlin’s Tegel airport has subsisted by chance alone, defying the odds as passenger growth outpaces every other major hub in Western Europe. The airport reported passenger growth of 7.9 per cent last year, more than twice the pace of
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    • Article
      Lock icon MAS continuing US connectivity through oneworld alliance
      391 19 Carrier using code sharing, interline arrangements [KUALA LUMPUR] Malaysia Airlines (MAS) is continuing connectivity to US citi e s code-share arrangements t h rou g h v ar i ous code-share arrangements and interline arrangements. This was also made possible by the oneworld
      391 words
    • Article, Illustration
      Lock icon Hagel to downsize army, eliminate all attack jets
      424 19 NYT [WASHINGTON] Defence Secretary Chuck Hagel plans to shrink the US Army to its smallest force since before the World War II buildup and eliminate an entire class of Air Force attack jets in a new spending proposal that officials describe as
      NYT  -  424 words
    • Article
      Lock icon TRANSPORT STOCKS
      247 19 SGX '000 Feb 24 S$ +/-Vol Ch Offshore 0.41 unch 133 Chuan Hup Hldg 0.26 unch 25 Feb 24 Cwt Limited 1.32 unch 389 First Ship Lea unch unch 0 Grand Banks 0.22 unch 89 Jaya Hold Ltd K1Ventures 0.20 unch 8287 Keppel Corp 10.44 -0.03 1722 Mercator
      247 words
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      31 19 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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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      337 19 CRYPTIC CROSSWORD Across 1 Criticise expert when exposing universal remedies (8) 5 Evil immoral sailor (6) 9 About to call one about uprising (9) 11 Nut infiltrating Cape Canaveral (5) 12 Guide that woman inside hydro (6) 13 A quiet Italian river location may be suitable (8) 15 Hotels ignored
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  • EDITORIAL & OPINION
    • Article
      Lock icon In everyone’s interest to conclude TPP deal
      498 20 EDITORIAL IT remains a big question mark if ministers from 12 Pacific Rim countries including Singapore, the United States, Japan, Australia and Malaysia will be able to achieve their goal of reaching a broad agreement on the US-led Trans-Pacific Partnership (TPP) free trade
      498 words
    • Article, Illustration
      Lock icon How serious is the White House about job creation?
      787 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THE great virtue of the US Congressional Budget Office’s recent report on the minimum wage is that it injects a much-needed dose of reality into the debate over job creation. The
      The Washington Post Writers Group  -  787 words
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      Lock icon Creating sustainable cities of dreams
      915 20  -  A comprehensive, coordinated change in behaviour on limited resources needed at all levels By NOELEEN HEYZER The writer is Under-Secretary-General of the United Nations and Executive Secretary of the Economic and Social Commission for Asia and the Pacific Project Syndicate [NEW YORK] BY THE end
      Project Syndicate; PHOTO: AFP  -  915 words
    • Article, Illustration
      Lock icon Need for a new system to deal with global crises
      1131 21  -  In current situation, US will have to cut deals with powers such as China, Russia and Iran LEON HADAR Washington Correspondent NEWSPAPERheadlinesscream “Kiev is burning”, rep or t i n g on a burst of deadly violence in the capital
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    • Article
      Lock icon Myanmar’s time to dream
      940 21  -  By HARISH MEHTA The writer, a former BT senior Indochina correspondent, is a historian who has taught at Canadian universities and written books on Indochina POLICYMAKERS in Yangon are carrying out reforms aimed at eventually globalising the Myanmar economy which has not recovered from 60 years
      940 words
    • Article
      Lock icon Keeping Bukit Brown cemetery not a wise choice
      589 21 LETTER TO THE EDITOR I FELT very uneasy reading the article “Preventing a grave error” by Chew Kheng Chuan (BT, Feb 22) arguing fervently for the preservation of the Bukit Brown cemetery and the eventual scenario. Like Mr Chew, I am also
      589 words
    • Article
      Lock icon Budget ’14: Tackling the twin challenges
      586 21  -  By PAUL LAU, LOH ENG KIAT The writers are corporate tax partner and senior corporate tax manager at PwC Singapore THE need to transform its economy coupled with having to cope with changing social demographics means that Singapore as a nation has crossed an
      586 words
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  • Article
    Lock icon Shipping Times
    1329 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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      59 22 'yTS new IE PC 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 FORWARDER urgently needed by shippers Can they find your services here
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3057 23 Transaction date: Feb 24 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 14 11 8Telecom Vol Day Last Quote Div Gr Yld Net M Cap 181.6 102.4 AIMSAMPIReit 138.5xri unch 204 139
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      Lock icon SGX CATALIST
      264 24 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
      264 words
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      Lock icon UNIT TRUST & FUNDS
      11322 24 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!** China Opportunities'** 2 6849/ EM Local Ccy Bond 0 8767/ European Opportunities!" 1.3318/ Global Emerging Markets!" 1.7591/ China
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      Lock icon GLOBALQUOTE
      245 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US41 +0.5 5325 41 40 40.5 41 2699.7 Sale 318 191 TanChongInt HK295 296 299 4.3 2.4 9.9 5941 DISCLAIMER: All
      245 words
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      Lock icon SGX ETF
      1120 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.7 -0.3 113.7 113.7 113.5 114 519 143 119 CIMB APAC Div 100S$D 123.4 -0.8 123.4 123.4 123 124 114.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      686 25 Feb 24 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.64 *****.53 *****.14 Mar14 *****.00 *****.00 *****.00 *****.00 *****8 *****3 Jun14 *****.00 *****.00 *****.00 *****.00 397 8291 MSCI TAIWAN INDEX FUTURES SPOT 301.76 301.84 298.82 Feb14 301.90 303.30 299.40 299.90 ***** *****8 Mar14 301.70
      686 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 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 1.9
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Feb 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.998 5.471 0.654 6.964 55.746 104.740 0.918 9.650 2.949 1.083 94.212 40.069 1.137 9.828 0.797 27.277 29.240 0.540 0.898 Canada 1.002 5.480
      471 words
    • Article
      Lock icon SIBOR
      32 25 Feb 24 (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.***** Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      78 25 Feb 24 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-16 101.57 5-Year NX*****W 2.5 01-Jun-19 105.43 105.55 105.55 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      134 25 Feb 24 GOLD(US$/oz) Feb 24 Feb 21 Hong Kong 1333.00 1325.00 Feb 21 Feb 20 London 1319.60 1314.99 1320.25 1315.66 Source: Thomson Reuters CAST BAR Feb 24 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 122 54 5gm 346 270 10gm 618 541
      134 words
    • Article
      Lock icon PALM OIL
      57 25 Feb 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2785.0 2769.0 2789.0 2769.0 300 3320 Apr 14 2781.0 2760.0 2796.0 2758.0 5707 ***** May 14 2757.0 2741.0 2777.0 2737.0 ***** ***** Jun 14 2738.0 2717.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Feb 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1365 1.1370 0.8978 0.8980 Canadian dollar 1.1384 1.1391 0.8997 0.8993 Euro 1.7390 1.7395 1.3737 1.3739 NZ dollar 1.0489 1.0499 0.8286 0.8292 Sterling pound 2.1048 2.1054 1.6627 1.6629
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 25 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 14
      109 words
    • Article
      Lock icon LIFFE
      94 25 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$/tonne) Close Prev High Low Mar 14 1981 1975 2012 1963 May 14 1955 1959 1988 1945
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1229 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 41 2 36 0.0 5 -89 53 Asia-Pacific Strategic W*****6 0.2 1 123 162 235.00 3 Ratio Albedo Limited W*****9 Price Ascendas Reit MB ECW*****3 Disc Ascendas Reit
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Feb 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.81 -0.38 WTI (Near Mth) 102.50 -0.64 Dubai (1-Mth F) 106.36 -0.09 Tapis blend 114.51 -1.20 Minas 108.51 -0.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.39 -0.17 Jet Kerosene 124.81 0.06 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Feb 24 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 25 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 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Feb 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.164 1.109 Can dollar 1.162 1.118 Euro 1.783 1.699 Sterling pound 2.149 2.067 NZ dollar 1.075 1.034 US dollar 1.294 1.233 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 25 Feb 24 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ 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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  • PROPERTY
    • Article, Illustration
      Lock icon Wall Street-backed landlords take bad mortgage route
      1372 26 Shift to loans comes after foreclosure starts slump to their lowest level since 2006 Bloomberg [NEW YORK] Wall Streetbacked landlords are showing a greater appetite for bad mortgages as a source for cheap property as the supply of foreclosed homes declines while housing
      Bloomberg; PHOTO: BLOOMBERG  -  1,372 words
    • Article
      Lock icon No housing bubble in Singapore: Citigroup
      813 27 Mortgages of $203b only 24.2% of property values in Q3, says lender Bloomberg [SINGAPORE] Citigroup Inc said that it’s “encouraging” that Singapore’s household debt tied to the real estate market is only a fraction of property values, downplaying concerns of a bubble. Singapore’s $203
      Bloomberg  -  813 words
    • Article
      Lock icon ArchXpo show to be pillar of Archifest
      224 27 ARCHXPO 2014, an inaugural international architecture and built environment exhibition, is set to be an iconic pillar of the annual Archifest, which will be held at Marina Bay Sands Singapore from Sept 29 to Oct 1, 2014. The strategic inclusion of ArchXpo in
      224 words
    • Article, Illustration
      Lock icon China’s home price gains slow in major cities
      477 27 Bloomberg [SHANGHAI] New home price growth in China’s first-tier cities slowed in January after local governments implemented property measures to rein in escalating values and banks tightened lending. Home prices in the capital city of Beijing and the southern business hub of
      Bloomberg; PHOTO: BLOOMBERG  -  477 words
    • Article, Illustration
      Lock icon 200 out of 300 units at RiverTrees Residences sold
      492 28  -  Strong sales over weekend launch suggest project has set its psf prices right By LYNETTE KHOO By lynkhoo@sph.com.sg RIVERTREES Residences, the latest condominium project launched in Sengkang, attracted strong buyer interest, with 200 units out of the 300 units launched snapped
      492 words
    • Article
      Lock icon Riviera Point up for en bloc sale – for 5th time
      388 28 Riviera Point up for en bloc sale for 5th time RIVIERA Point, a 33-unit freehold residental development at the junction of Kim Yam Road and River Valley Road, was yesterday re-launched for collective sale by public tender for the fifth time. For the second time, Jones Lang LaSalle (JLL) is
      388 words
    • Article
      Lock icon RM1m floor price won’t impact Iskandar projects
      538 28  -  By in PAULINE NG in Kuala Lumpur THE new RM1 million (S$385,500) floor price for foreign property buyers will not have much impact on Iskandar Malaysia as only an estimated one in five purchasers is a foreigner, according to a property consultant. Speaking
      538 words
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      Lock icon Page 26 Advertisements Column 1
      133 26 Modern Resort Style GCB Rebecca Road Site Area: 1,899.8 sq.m 20,449 sq.ft approx. Built up: 7,900 sq.ft approx Rebuilt completed in Q4 2012 Modern Architecture complete with private home garden High floor to ceiling height Able to park up to 8 cars comfortably For Enquiries, Please call Stella Hoh CEA
      133 words
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      Lock icon Page 26 Advertisements Column 2
      292 26 Jones Lang LaSalle Rj V j era p 0 j n Rj Ver ValleV Rd Real value in a changing world The Plaza The Atrium Singapura Orchard ORCHARD ROAD 0 m Dhoby Ghaut MRT -r <■ rivervaUev road 0*\ Subject Site MRT ROAD haveeo^ Tender Closing on: 8 April 2014
      292 words
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      Lock icon Page 26 Advertisements Column 3
      61 26 BRAND NEW LIGHT INDUSTRIAL AT ALJUNIED 5-min walk to Paya Lebar MRT Excellent location V Surrounded by amenities Sharon Chan 9112 2063 &Twww.savills.com.£ savills HOT PROPERTY Mil Mins to Redhid mrt W fi ina welcome. mei A 9‘s OFFICE SPACES FOR RENT Check this and many other properties in CATS
      61 words
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      119 27 FREEHOLD BUNGALOW AT JERVOIS RD D10 FOR SALE BY TENDER 2 storey bungalow Prime Address Land approx: ***** sq.ft/ 9000 sq.ft Beautifully Renovated Elevated High Ground Wide Frontage Attractive Price Closing date: 5th March 2014 (Wed) at 4pm For enquiries, please contact Bernard Wu (CEAReg, No: R*****8H) 9389 3139 Jones
      119 words
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      197 28 LAGUNA BINTAN m ii .i k iT: m. •iSK t.r. LAGUNA PHUKET from SGD180K m A K r*VyffSfci SO Whilst every care has been taken in preparing these particulars, the developer gives no warranty, express or implied, as to the completeness or accuracy of the information contained herein. These particulars
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