The Business Times, 7 March 2014

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, March 7, 2014
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  • Article
    Lock icon Govt to step in if unfair Reit practices arise: Ser Luck
    690 1  -  It’s also looking into release of more comprehensive shop rental data later this year BUDGET DEBATE By KELLY TAY kellytay@sph.com.sg [SINGAPORE] The government will intervene if it sees evidence of collusion or the abuse of market dominance by any
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,129.17 (+12.53) GST INDEX FUTURES 3,124.00 (+13.00) GSIMSCI 353.96 (+2.85) GSIMSCI FUTURES 353.60 (+2.40) US$ S$ US$ (S$ per US$) 1.265 (US$/S$ per 1.672 2.114 EURO (US$/S$/€ 1.373 1.736 Foreign currency per US$ S$ YEN 102.80 81.20 RM 3.262 2.579 HK$ 7.761 6.136 BAHT 32.28 25.52 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,838.69 +9.58 NIKKEI 225 15,134.75 +237.12 HANG SENG 22,702.97 +123.19 SET INDEX 1,352.21 +0.57 JAKARTA COMP 4,687.86 +28.69 MANILA COMP 6,516.82 +60.68 SEOUL COMP 1,975.62 +4.38 SHENZHEN B 845.59 -1.19 MUMBAI IND 21,513.87 +237.01 11am EST Change DOW 16,436.71 +76.53 NASDAQ 4,366.79 +8.81
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA HONG KONG 5.35 INDONESIA 5.00 INDONESIA 14.983 TAIWAN BRITAIN JAPAN 1.475 KOREA 9.33 BRITAIN Source: Bloomberg
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  • Article, Illustration
    Lock icon ExxonMobil to add 2 downstream plants to 2nd complex
    525 1  -  By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] ExxonMobil has given the go-ahead for two additional downstream plant investments at its second petrochemicals complex on Jurong Island. One plant is a halobutyl rubber facility capable of producing 140,000 tonnes per annum (tpa), and the
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      129 1 PROPERTY BT Property Classifieds OPINION Women in Asia and their wealth HOCK LOCK SIEW Contra risks best left to brokers PAGE 17 WINE Simple wines, simple meals PAGE 31 PAGE 5 PAGES 18-20 *****1 11 *****4 ■C U THE DARK SIDE OF THE MOON The Apollo 8 astronauts were the
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      35 1 Designs on business EXEC LIFESTYLE I PAGE 27 Read Boardroom Matters, a series of articles from the Singapore Institute of Directors on issues relevant to listed companies and corporate governance, on BTInvest every Friday: btd.sg/BMatters
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  • TOP STORIES
    • Article, Illustration
      Lock icon 1MDB’s unit secures RM2b in govt loan
      1306 2  -  Little is known about the subsidiary and how it has used the funds By anitag@sph.com.sg ANITA GABRIEL anitag@sph.com.sg [SINGAPORE] A lit-tle-known, wholly-owned unit of Malaysia’s stateowned 1Malaysia Development Berhad (1MDB), tasked to acquire and manage resources such as coal and uranium for the
      PHOTO: REUTERS  -  1,306 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      258 2 Govt to intervene if Reits seem unfair THE government will intervene if it sees evidence of collusion or the abuse of market dominance by any landlord including Reits. FRONT PAGE ExxonMobil to add downstream plants EXXONMOBIL has given the go-ahead for two additional downstream plant investments at its
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    • Article
      Lock icon Eng Hen: Why Mindef must maintain steady defence spending
      590 2  -  Need to build an SAF that can deter would-be enemies BUDGET DEBATE By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] Singapore will continue to spend steadily on arms to build a defence capability that will keep potential enemies at bay, Defence Minister Ng
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    • Article
      Lock icon STB sees up to 16.8m visitor arrivals in 2014
      186 2  -  By KELLY TAY kellytay@sph.com.sg [SINGAPORE] The Singapore Tourism Board (STB) has forecast visitor arrivals to grow to between 16.3 million and 16.8 million this year, and tourism receipts to be in the range of $23.8 billion to $24.6 billion. It also
      186 words
    • Article, Illustration
      Lock icon MHA plans review panel to boost public trust
      584 2  -  Members to include those with deep legal knowledge By peckming@sph.com.sg CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] To underscore its intolerance of grave wrongdoings and misconduct by its officers, the Ministry of Home Affairs will set up an independent review panel to look into
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    • Article
      Lock icon Property players split on making public COVs for HDB resale flats
      528 4  -  Some think it will only cause downward spiral of prices while others say it’s a ‘braking’ tool By LYNETTE KHOO lynkhoo@sph.com.sg [SINGAPORE] The issue of having cash over valuation (COV) in HDB resale transactions once a political hot potato
      528 words
    • Article, Illustration
      Lock icon Jobs more important than growth: China minister
      604 4 Government aims to create 11 m jobs this year, he tells NPC Re uters [BEIJING] It is all right for China to slightly miss the government’s 7.5 per cent economic growth target this year as long as enough jobs are created, the finance
      Reuters; PHOTO: REUTERS  -  604 words
    • Article
      Lock icon Crimea parliament votes to join Russia
      437 4 Moscow stocks fall; referendum to be held on March 16 Reuters AFP [SIMFEROPOL, Ukraine] Crimea’s parliament voted to join Russia yesterday and its Moscow-backed government set a referendum within 10 days on the decision in a dramatic escalation of the crisis over the Ukrainian
      Reuters; AFP  -  437 words
    • Article, Illustration
      Lock icon Resale flat COVs fall to zero for first time since 2006
      683 4  -  Almost two in five HDB deals close below valuation By LYNETTE KHOO lynkhoo@sph.com.sg [SINGAPORE] For the first time in nearly a decade, the overall median cash-over-valuation (COV) for resale HDB flats hit ground zero last month, compared with $3,000
      Source: srx.com.sg  -  683 words
    • Article
      Lock icon Thai consumer confidence hits 12-year low
      408 4 Reuters [BANGKOK] Thailand’s consumer confidence tumbled to a 12-year low in February, a survey showed yesterday, as political unrest continued to take a toll on consumption and investment in South-east Asia’s second-big-gest economy. The consumer confidence index from the University of the Thai Chamber
      Reuters  -  408 words
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      126 3 ONLY THE GREATEST ATTRACTS THE BRIGHTEST. DO YOU HAVE WHAT IT TAKES? WORK-LIFE EXCELLENCE AWARD 2014 Work-life harmony is one of the top criteria that jobseekers look out for in employers. Organisations which place emphasis on work-life friendly practices tend to have more motivated, engaged and productive employees. Apply for
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      35 4 IS HOT More job opportunities in this sector in Singapore this year IQBAL JUMABHOY: Building ‘Singapore homes’ in India GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      31 4 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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  • COMPANY NEWS
    • Article
      Lock icon Contra risks best left to brokers
      762 5  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg THE controversial practice known as contra trading has been under scrutiny ever since the penny stock crash of last October. Because of claims (as yet unproven) that contra was a contributory or perhaps aggravating factor during that
      762 words
    • Article, Illustration
      Lock icon Who says Tuan Sing is going private?
      514 5  -  By LEE MEIXIAN leemx@sph.com.sg PRIVATISATION is not on Tuan Sing Holdings’ cards despite a stock price that some observers say is “severely undervalued” and has been trading at a widening discount to its net asset value (NAV). Talk sparked that some developer companies
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    • Article
      Lock icon Jardine Strategic net profit dips on weaker sales
      288 5  -  By JAMIE LEE leejamie@sph.com.sg JARDINE Strategic Holdings’ full-year net profit has fallen 7 per cent on the back of weaker sales. The conglomerate said that net profit attributable to shareholders of the company including US$84 million from non-trading items came to US$1.7
      288 words
    • Article, Illustration
      Lock icon BlackRock unmoved by China bond default
      650 7  -  It says things are reaching a point where reform has to happen in China By CAI HAOXIANG haoxiang@sph.com.sg AS China’s first bond default happens today, Andrew Swan, a top-ranked BlackRock fund manager in Asia-Pacific, remains unperturbed. “This year could be the bottom for Asian
      PHOTO: ARTHUR LEE  -  650 words
    • Article
      Lock icon STI constituents stay the same
      111 7 THE constituents of the Straits Times Index (STI) will remain unchanged following a quarterly review, said a joint statement by Singapore Press Holdings, Singapore Exchange and FTSE Group yesterday. The STI reserve list, which includes the five high-est-ranking non-constituents of the STI by market capitalisation,
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    • Article, Illustration
      Lock icon Commodity stocks see price recovery
      471 7  -  By ANDREA SOH By sandrea@sph.com.sg A RUN-UP in the share prices of commodity stocks on the Singapore Exchange in recent weeks has caught the market by surprise. Some analysts attribute it to news of a possible sale of Noble Group’s agribusiness arm to China’s largest
      Source: Bloomberg  -  471 words
    • Article
      Lock icon Lian Beng buys 5.03% of Centurion for $21.7m
      598 8  -  It calls acquisition a strategic investment in a property assetrelated company By ANGELA TAN angelat@sph.com.sg CONSTRUCTION-LINKED Lian Beng Group yesterday bought a 5.026 per cent stake in Centurion Corporation for $21.7 million, forging a closer relationship with the dormitory provider. Lian Beng
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    • Article
      Lock icon It’s a busy year for Singapore bond market
      330 8  -  By SIOW LI SEN lisen@sph.com.sg SINGAPORE corporates are selling more bonds amid a buoyant fixed-income market which continues to hit new highs. Total bond issuance since the beginning of the year is up 21 per cent to $4.326 billion. There were two
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    • Article
      Lock icon S’pore blue chips take Asian dividend crown
      251 8  -  By KENNETH LIM kenlim@sph.com.sg SINGAPORE blue chips were the highest-yielding in Asia last month, but fell below the middle of the pack in terms of one-year total returns, said a report by index maintainer FTSE International. The dividend yield for the FTSE Singapore
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    • Article
      Lock icon Global Logistic Properties buying Brazil assets for 3.18b real
      331 8  -  By JACQUELYN CHEOK jaccheok@sph.com.sg GLOBAL Logistic Properties (GLP), a provider of modern logistics facilities in China, Japan and Brazil, yesterday announced it would be acquiring a portfolio of 34 assets in Brazil from Brazilian real estate developer BR Properties for 3.18
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      Lock icon Page 5 Advertisements Column 1
      81 5 Buy pledges bagged for 40% of Cluny Park Residence, Page 18 CREATE YOUR CUSTOMIZED DESIGN EXPERIENCE Express yourself through the Minotti lifestyle with our broad range of products imbued with timeless design and unparalleled comfort, with an extensive selection of fabrics, leathers, and materials accompanied with experienced styling services. Minotti
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Banks, SingTel lead rise in ST Index
      698 6  -  Concern over Ukraine appears to be easing; play on water treatment stocks in penny segment STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index (STI) yesterday rose 1 2 53 p o i n t s t o 3,129.17, in tandem with
      Source: Bloomberg  -  698 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Mar 6 VALUE CLOSE BT OB/OS -122.00 +87.00 BT CADI -*****.00 +46.00 BT 10-day MA -*****.00 -12.00 FTSE ST Mid Cap 716.80 +2.69 FTSE ST Small Cap 533.02 +2.77 FTSE ST All Share 759.53 +3.08 FTSE ST China Top 199.27 +1.68 FTSE ST China 228.20 +1.51 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME HanKore 278,193,000 Memstar 129,607,000 Centurion 88,261,000 Transcu Grp 87,597,000 AdvanceSCT 55,127,000 Thai Beverage 42,748,000 Albedo 42,170,000 Golden Agri 39,670,000 WE Hldgs R 39,037,000 SIIC Env 35,533,000 VALUE($) GLP 63,655,590 SingTel 63,100,790 DBS Grp 50,955,905 Centurion 50,922,360 Wilmar 47,229,170 Keppel Corp 36,782,086 HanKore 35,189,668 Noble Grp 33,724,700
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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 7 3 4 0 0 0 7 3 4 Manufacturing 53 47 38 7 6 6 60 53 44 Commerce 19 19 23 5 6 5 24 25 28 Tpt/Stor/Comms 13 11 17
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      857 6  -  Compiled by ANDREA SOH Singapore Land March 6 close: S$9.55 DMG Partners Research, March 6 IN a long-anticipated move, United Industrial Corporation (UIC) recently announced an unconditional cash offer for its 80.4 per cent-owned subsidiary Singapore Land (SingLand). The latter owns a sizeable portfolio of prime office properties
      Source: Bloomberg  -  857 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,029 19,029 70,380 70,380 Manufacturing 463,543 78,041 541,584 228,579 3,124 231,703 Commerce 143,405 134,222 277,627 118,442 8,553 126,995 Tpt/Stor/Comms 77,763 780 78,543 129,876 90 129,966 Finance 20,788 284 21,072 125,350 86 125,436 Construction 53,096 47,537
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Change CapMallsAsia 1.795 +0.020 CapitaLand 2.800 -0.010 CapitaMall 1.920 +0.020 CityDev 9.480 +0.110 ComfortDelGro 1.955 DBS Grp 16.320 +0.110 GLP 2.810 +0.010 Genting SP 1.345 +0.015 Golden Agri 0.600 +0.010 HK Land 6.370 +0.020 HPH Trust US$ 0.645 +0.010 JMH 59.100 -0.900 JSH
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    • Article, Illustration
      Lock icon Yen falls after report on pension-fund bets
      477 6 CURRENCIES Bloomberg [LONDON] The yen yesterday fell to a two-week low against the dollar after an advisory panel said Japan’s Government Pension Investment Fund (GPIF) no longer needs to focus on domestic bonds given quickening inflation. Japan’s currency dropped against all of its
      Bloomberg; PHOTO: REUTERS  -  477 words
    • Article
      Lock icon RISES
      113 6 BY CENTS CLOSE UP Lyxor Indonesia10US$ 8472 371.8 3.6 DBXT AUDCS 5SG$ ***** 145.0 0.6 DBXT AUDCS 5US$ ***** 137.8 0.6 DBXT iBoxxKR 5US$ ***** 135.3 0.7 DBXT Nifty 10US$ ***** 118.9 0.9 Lyxor ThaiSET 10US$ ***** 87.3 0.6 Lyxor AsiaCS 10US$ 5733 73.4 1.0 DBXT MSJAP 10US$ 4570
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    • Article
      Lock icon FALLS
      125 6 BY CENTS CLOSE DOWN JMH 5910 -113.8 -1.5 JSH 3387 -99.9 -2.3 Pan Ocean 100 450 -50.0 -10.0 DBXT DBLCI-OY 5US$ 3488 -21.5 -0.5 DBXT EONIA 5US$ ***** -21.5 -0.1 GLD 10US$ ***** -21.5 -0.1 DBXT DBCBLEB 10US$ 1872 -19.0 -0.8 CIMBAsean40 100US$ 1013 -15.2 -1.2 Lyxor Europe 10
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      154 7 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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      123 8 f 11 ers trave hot We |S packed \W» t H EREflT mEWS «n» °EALS! download The SSTRAVEU-ERS APP NOW! Brought to you by SPH, the easy-to-use sgtravellers app spins more exciting travel yarns with its new Luxe Travel chapter featuring stories and pictures as never seen before! In addition,
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      59 8 HER WORLD MARCH ISSUE, OUT NOW! ONLY $6 Her World is available in digital edition. Scan this QR code to find out more. and present THE YOUNG WOMAN ACHIEVER FORUM 2014 FOLLOW YOUR DREAM JOIN US ON March 8, 2014 2–5pm Singapore Management Univerity For more details, visit herworldplus.com. CONNECT
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  • SINGAPORE NEWS
    • Article
      Lock icon Foreign banks here looking to recruit more women grads
      647 9  -  Barclays, UBS and others holding event to promote gender diversity next week BANKING By lisen@sph.com.sg SIOW LI SEN lisen@sph.com.sg FOREIGN financial institutions are stepping up recruitment of women graduates from the local universities as they walk the talk on gender diversity.
      647 words
    • Article
      Lock icon Banks building up compliance talent from within
      973 9  -  By vshiao@sph.com.sg VIVIEN SHIAO vshiao@sph.com.sg AS demand for experienced compliance talent grows, financial institutions here are starting to beef up their own resources, on top of relying on external hires. At least three banks here have set up their own training programmes to
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    • Article
      Lock icon DBS sees digital demand from wealthy clients
      441 9  -  By JAMIE LEE leejamie@sph.com.sg THE DBS Group sees demand for a digital platform from its wealthy clients one stronger than that from its retail clients suggesting a shift in the way private banks engage these high-net-worth individuals. Private-banking clients now want access to
      441 words
    • Article
      Lock icon Recruiters apply new search methods in tight labour market
      406 9  -  By SHEENA TAN tsheena@sph.com.sg AMID a tight labour market, recruitment agencies in Singapore are changing the way they operate, and are turning to passive job seekers people already employed, said Adrian Tan, president of the Singapore Professional Recruitment Organisation yesterday. “The
      406 words
    • Article
      Lock icon Chicago Booth course for senior managers
      228 9 THE University of Chicago Booth School of Business here will soon launch a work-study, non-degree executive programme in business and organisational management for senior managers and executives. The university’s Singapore campus is the first in Asia to offer this course of study, called the
      228 words
    • Article, Illustration
      Lock icon Citibankers finding flexible balance in work-life
      250 9 SOME 300 Citibankers led by Michael Zink, Citi country officer (CCO) for Asean and Singapore, took part in their first mass Yoga class at Asia Square yesterday, in conjunction with International Women's Day. The theme of the event was “Find your balance”, part of
      PHOTO: ARTHUR LEE  -  250 words
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      24 9 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. {Q'0 WATS3 NOTICES
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Malaysia EPF mulls pure Islamic fund
      456 10 The plan could pour billions of dollars into M’sia’s Syariahcompliant assets Reu ters [KUALA LUMPUR] Malaysia’s US$160 billion state pension fund has hired consultants to study the possibility of establishing one of the world’s first statebacked pension funds focusing entirely on Syariah-com-pliant investments, sources
      Reuters; PHOTO: BLOOMBERG  -  456 words
    • Article
      Lock icon New Penang bridge benefiting developers
      511 10  -  Among big gainers in Batu Kawan is Tambun Indah Land By in PAULINE NG in Kuala Lumpur NOW that the Second Penang Bridge is open, good times look set to continue rolling for developers with land banks in Batu Kawan and the surrounding areas on
      511 words
    • Article, Illustration
      Lock icon Indonesia’s big retail sale of Islamic bonds cuts borrowing costs
      483 10 Bloomberg [JAKARTA] Indonesia’s record sale of sukuk to individuals has reduced supply pressure and cut borrowing costs as the government targets unprecedented issuance this year. The finance ministry sold 19.3 trillion rupiah (S$2.1 billion) of the three-year Islamic bonds to
      Bloomberg  -  483 words
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      617 10 >®! WATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices Aziz Limited Business Company Number: ***** In Voluntary Liquidation Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004 (as amended), the voluntary liquidation of Aziz Limited commenced on 24th February 2014 and that Alison
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      432 10 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF B.P. DE SILVA PROPERTIES PTE LTD (In Member’s Voluntary Liquidation) (Company Registration No. *****1924E) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Chapter 50 that the FINAL MEETING
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      0 10 $)?[&.;![-[@$%$\&&(%]@**?)&".:<
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      198 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CEPTRON HOLDINGS PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****9244Z NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the abovenamed
      198 words
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  • WORLD
    • Article
      Lock icon Big guns lead foreign rush into EM govt bonds
      521 12 Institutions account for 80% of the US$500b snapped up in last few years Reuters [WASHINGTON] Big institutional investors account for 80 per cent of the half a trillion dollars that foreigners have ploughed into emerging market sovereign debt in the last
      Reuters  -  521 words
    • Article, Illustration
      Lock icon Rakuten CEO eyes 2b Viber users
      507 12 Free messaging and calling app adding 600,000 users daily Bloomberg [TOKYO] Hiroshi Mikitani, chief executive officer of the Japanese e-commerce company Rakuten Inc, aims to expand to two billion users with his acquisition of messaging service Viber Media Inc. Growth for Viber’s free messaging
      Bloomberg; PHOTO: BLOOMBERG  -  507 words
    • Article
      Lock icon Barclays CEO defends higher bonus payout despite profit fall
      481 12 NYT [LONDON] Barclays chief executive Antony Jenkins has told a British newspaper that he decided to increase bankers’ pay last year despite falling profits to avoid a “death spiral” in the investment banking unit, where the rate of attrition among senior
      NYT  -  481 words
    • Article, Illustration
      Lock icon Nomura picks woman to head its bank arm
      314 12 AFP [TOKYO] Japan’s biggest brokerage Nomura Holdings said on Wednesday it has chosen a woman to head its banking arm, in what is believed to be a first for the country’s male-dominated financial sector. The executive, 48-year-old Chie Shimpo, will next month
      AFP; PHOTO: AFP  -  314 words
    • Article, Illustration
      Lock icon Australian retail sales, exports surge in January
      637 14 Economy seen gearing up despite cooling in mining investments Reuters [SYDNEY] Australian retail sales surged by the most in almost a year in January and exports jumped to record highs, clear evidence that the re-source-rich economy is stepping up a gear even as
      Reuters; PHOTO: REUTERS  -  637 words
    • Article
      Lock icon Harsh winter hits US economy but outlook is sunny
      464 14 AFP [WASHINGTON] Severe winter weather hit US economic activity in January and early February but the outlook in most areas “remained optimistic”, the Federal Reserve’s Beige Book survey said on Wednesday. The regional review, which is used by Fed officials to
      AFP  -  464 words
    • Article
      Lock icon Degree holders in US tussling for jobs with less-educated
      1077 14 Bloomb erg [WASHINGTON] Jeanina Jenkins, a 20-year-old high-school graduate from St Louis, is stuck in a US$7.82-an-hour part-time job at McDonald’s that she calls a “last resort” because nobody would offer her anything better. Stephen O’Malley, 26, a University of West
      Bloomberg  -  1,077 words
    • Article, Illustration
      Lock icon Private equity chiefs have a bonanza year on stock market gains
      1105 14 NYT [NEW YORK] Payouts for the top executives in private equity have rocketed into the stratosphere, thanks to a soaring stock market and shrewd manoeuvres by their firms in the aftermath of the financial crisis. But the millions upon
      NYT  -  1,105 words
    • Article, Illustration
      Lock icon Euro hits two-month high on ECB inflation outlook
      668 15 Stocks weaken after central bank puts paid to hopes of further stimulus Bloomberg Reu ters AFP [LONDON] The euro strengthened to a two-month high against the US dollar after European Central Bank president Mario Draghi said inflation is expected to rise gradually,
      Bloomberg; Reuters; AFP; PHOTO: AFP  -  668 words
    • Article
      Lock icon Factory orders fall more than forecast in January
      420 15 Productivity for Q4 2013 revised down sharply LATEST US DATA Reuters [WASHINGTON] New orders for US factory goods fell more than expected in January and shipments also slipped, adding to signs of a recent slowdown in manufacturing activity. The Commerce Department said
      Reuters  -  420 words
    • Article
      Lock icon World’s top banks meet capital rules ahead of deadline
      440 15 New Basel III rules to be implemented in full by 2019 Reuters [LONDON] The world’s top banks have already added most of the capital they need to meet new solvency rules in full, five years ahead of a 2019 deadline set
      Reuters  -  440 words
    • Article
      Lock icon German factory orders rebound in January
      274 15 Bloomberg [FRANKFURT] German factory orders rebounded in January in a sign that the pace of recovery in Europe’s largest economy is accelerating. Orders, adjusted for seasonal swings and inflation, rose 1.2 per cent from December, when they fell a revised 0.2 per cent, the
      Bloomberg  -  274 words
    • Article
      Lock icon World food prices in February jump most since mid-2012
      375 15 Reu ters [ROME] Global food prices rose 2.6 per cent in February in the sharpest climb since mid-2012 due to unfavourable weather, the United Nations food agency said yesterday, with the crisis in Ukraine threatening to cause future volatility. The Food
      Reuters  -  375 words
    • Article, Illustration
      Lock icon Aviva back in the black with £2b profit
      351 15 AFP Bloomberg [LONDON] British insurer Aviva yesterday said that it had swung back into profit during 2013 as it underwent major restructuring and after it avoided a huge write-down made the previous year. Net profit stood at £2 billion (S$4.22 billion) last
      AFP; Bloomberg; PHOTO: BLOOMBERG  -  351 words
    • Article
      Lock icon Apple moved A$8.9b from Australia: report
      267 15 AFP [SYDNEY] US tech giant Apple was yesterday accused of shifting nearly A$9 billion (S$10.3 billion) in untaxed profits from its Australian operations to Ireland over the past decade. An investigation by the Australian Financial Review obtained 10 years worth of financial accounts for
      AFP  -  267 words
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      1401 12 [«5ATS 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 CHEMOIL GLOBAL MARINE PTE LTD [Company Registration No. *****5293H] (In Court Winding Up) NOTICE OF CREDITORS’ MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 273 of the
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      366 12 In the Matter of The Companies Act (Chapter 50) And In the Matter of (i) FROOOTS PTE. LTD. (In Members’ Voluntary Liquidation) UEN *****4729K (ii) SAMTA SHIPMANAGEMENT PTE. LTD. (In Members’ Voluntary Liquidation) UEN *****9225N NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the
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      272 13 THE STRAITS TIMES WHEREVER YOU ARE LIFE'S A REWARD WHEN YOU SUBSCRIBE TO US GET THESE EXCITING GIFTS WHEN YOU SUBSCRIBE TO THE STRAITS TIMES! ALL-IN-ONE PRINT ONLINE TABLET SMARTPHONE Select a Plan and Pick Your Gift FULLY REDEEMED 3 YEAR PLAN nexusio UTIDER n Y JAPAN p y B
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  • EDITORIAL & OPINION
    • Article
      Lock icon Malaysia’s water challenge in sharp focus
      511 16 EDITORIAL THE region-wide drought seems to have hit some parts of Malaysia particularly hard. So it is good that Malaysian Prime Minister Najib Razak has moved to depoliticise the water woes of Selangor state, one of the states worst affected by the lack of
      511 words
    • Article, Illustration
      Lock icon America’s familiar, yet fearsome mega-trends
      786 16  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group “There is no parallel in history to the (American) experiment of free government on this scale. The scale accounts for a great deal, including pessimism about the present or the future of America.” Scottish historian
      The Washington Post Writers Group  -  786 words
    • Article, Illustration
      Lock icon Japan’s industrial tourism means ‘seeing is buying’
      935 16  -  Tokyo is turning the concept into a national strategy to boost trade and investment ANTHONY ROWLEY Tokyo Correspondent THE lure of “industrial tourism” in Japan may at first sound about as attractive as the idea of holidaying in the American Rust Belt, or
      PHOTO: JAKUB HALUN  -  935 words
    • Article, Illustration
      Lock icon Women in Asia and their wealth
      905 17  -  More women in Asia are making their own money and are more successful at controlling and managing their assets than their male peers By MATTHEW COLEBROOK The writer is head of retail banking and wealth management, HSBC Singapore IN some ways, the story of
      PHOTO: BLOOMBERG  -  905 words
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      Lock icon Energising wellness programmes
      800 17  -  By DAVID MCKEERING, AJAY SANGANERIA The writers are, respectively, healthcare leader, PwC South East Asia consulting and director, PwC Singapore THE Pioneer Generation Package that was announced in Budget 2014 by the government this package is expected to benefit 450,000 Singaporeans aged 65 and above is a
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      Lock icon Ukraine crisis not a sequel to the Cold War
      1206 17  -  LEON HADAR Washington Correspondent IN a recent cartoon in The New Yorker a professor is seen reciting George Santayana’s warning: “Those who don’t study history are doomed to repeat it.” But the professor, addressing his student, adds his own cautionary note:
      1,206 words
    • Article
      Lock icon Trivial counter-claims on high cost of living
      247 17 LETTER TO THE EDITOR I OBJECT to Andy Mukherjee’s article “Flawed EIU study made Singapore world’s costliest” (BT March 6) being presented as news, the Reuters Breaking Views logo notwithstanding. It is clearly an opinion piece, and should be in the editorial section.
      247 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Buy pledges bagged for 40% of Cluny Park Residence
      484 18  -  Developer Tuan Sing attributes interest to project’s location, investment potential By LEE MEIXIAN leemx@sph.com.sg CLOSE to 40 per cent of the 52 units at upmarket freehold condominium Cluny Park Residence have received purchase commitments ahead of its official launch tomorrow. These
      484 words
    • Article
      Lock icon China property prices are overheating: Vanke
      422 18 Firm posts 20.5% rise in net profit, in line with forecasts Reuters [HONG KONG] China Vanke Co, the mainland’s largest listed developer, said yesterday that property prices are overheating in some Chinese cities, the latest company to sound the alarm over real estate in
      Reuters  -  422 words
    • Article
      Lock icon HK home prices fall to 7-month low in Jan
      172 18 Reuters [HONG KONG] Hong Kong’s private home prices dropped to a seven-month low in January, the government said yesterday, as official market-tightening measures drove developers to offer discounts to attract buyers. Hong Kong’s January overall home prices edged down 0.2 per
      Reuters  -  172 words
    • Article, Illustration
      Lock icon Osaka to open Japan’s tallest building
      972 20 The 60-floor complex is part of the city’s bid to lure tourists, stem businesses from moving to Tokyo Bloomberg [TOKYO] Japan’s tallest building will open today in Osaka, as Asia’s third-biggest metropolitan economy aims to lure tourists and stem businesses from moving to Tokyo.
      Bloomberg; PHOTOS: BLOOMBERG  -  972 words
  • Page 18 Advertisements
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      656 18 D04 HOUSE FOR SALE OCEAN DRIVE Seafront living Bunglw. A&A 2012 Worth $5.6m 2sty+ basement, 5 bdrm+ dining+ 2 maid rms gym, pool. Land 9580/ *****sf. Ron 9852 9055 D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144
      656 words
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      246 19 D09 APARTMENT FOR SALE THE PATERSON 3068sf of F’hold Penthouse described in 3-levels of classy designer decor. Not to be missed by any discerning buyer. Call Peg Ho *****130 D09 APARTMENT FOR SALE URBAN RESORT CONDO! 3rm 2121sf $2474 psf up. 4rm 2530sf $2639 psf up. Penthouse. View by appt.
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      Lock icon Page 19 Advertisements Column 2
      258 19 D20 APARTMENT FOR SALE GARDENS@BISHAN 2 bedrms 883 sqft. Like new! Only 4 years reno. Pool view. Future MRT. Near Ai Tong sch. Potential Capital Appreciation! D22 APARTMENT FOR SALE New Launch Lakeside MRT 1-5 Bdrm. Waterfront Lakeside Village recreation dining. Jurong Gateway CBD, Genting Hotel. Early Bird Discount. Andy
      258 words
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      262 19 D16 HOUSE FOR RENT 3A JALAN NIPAH Newly rebuilt semi-d, 3600/5300sf 2sty +attic, 5+1 swimming pool, partial furn, Immediate $14.5k Also for sale. Call 9863 5635/ 9727 2996 D17 HOUSE FOR RENT 27A TOH AVENUE Semi-D Newly rebuilt 3500/ 5000 sqft. 2storey attic. 5+1 bedrooms pool. Available Immediate. Call 9863
      262 words
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      261 19 D11 21 APARTMENT FOR RENT SETIA RESIDENCES 4+maids room, 3348sqft, Exclusive unit on one flr. Private lobby. Panoramic view of city. $17k neg. Expat’s choice! Quiet and near to Orchard MRT. D15 APARTMENT FOR RENT THE VERTE 1475 sqft. 3+1 rms. $5400. Face Telok Kurau park. Quiet, windy. Immed. Call
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      Lock icon Page 19 Advertisements Column 5
      241 19 D20 FACTORY FOR SALE MIDVIEW CITY Tag A Tagore B1 Industrial Freehold/ Oxley Bizhub 958/ 1950 sqft Ubi Techpark 1458 2200 sqft. Midview City Frontier MRT D22 OFFICE FOR SALE VISION EXCHANGE Jurong Gateway. Suitable for Medical clinics/ F&B/ Office. 99 yrs lease. No SSD/ ABSD. Must view! Call Nancy
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      274 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D10 SHOP FOR RENT TANGLIN SHOPPING CENTRE 344 sqft, #06, no water point. Suits Psychology Centre, Tuition Centre. $2500 neg. Avail 10 April D14 WAREHOUSE FOR RENT YI GUANG FACTORY Paya Lebar Yi Guang Factory 3100 sqft. B1. Immediate. Near MRT. Suitable
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      51 20 FOREIGN PROPERTY FOR SALE LONDON Are you in the queue to receive 4-5% unguarantee annual yield the moment you purchase your riverfront London property? Call Bryon 9066 7477 FOREIGN PROPERTY FOR SALE PONTIAN, MALAYSIA Freehold Agriculture land for sale. RM$2.88M. Main rd frontage. Electricity water. Within Iskandar growth region. Good
      51 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon India court seeks replies on pleas against AirAsia
      501 21  -  Legal actions reflect scale of opposition to the airline’s plans By S JAYASANKARAN in Kuala Lumpur AN Indian court asked for responses from both the federal government and AirAsia India on an action by the Federation of Indian Airlines (FIA), which is
      PHOTO: THE STRAITS TIMES  -  501 words
    • Article
      Lock icon Lufthansa to offer wirelessly streamed content on medium-haul flights
      517 21 Reu ters BERLIN G erman y s Lufthansa on Wednesday announced plans to offer wirelessly streamed movies to passengers on trans-Eu-ropean flights, sparking a clash over the future of traditional seatback systems at the world’s largest travel fair. Europe’s largest traditional
      Reuters  -  517 words
    • Article
      Lock icon Weak cargo sector weighs on Asia-Pacific airlines
      357 21  -  Their shares drop in Feb while global carriers gain 6%, Iata data shows By NISHA RAMCHANDANI SHARES in Asia Pacific carriers remained weak in February, even as worldwide airline shares increased 6 per cent month-on-month boosted by robust financial performance. According to data
      357 words
    • Article, Illustration
      Lock icon ANA bond sale raises higher-than-expected 30b yen
      664 21 Bloomberg [TOKYO] ANA Holdings Inc’s victory over rival Japan Airlines Co in bidding for international flight slots from downtown Tokyo helped the nation’s largest carrier triple the size of its first bond sale in two years. Demand for the 10-year bond offering on
      Bloomberg; PHOTO: REUTERS  -  664 words
    • Article
      Lock icon Investments flow into Indian ports after tariff deregulation
      293 21 Bloomberg [NEW DELHI] India has secured a record 207 billion rupees (S$4.3 billion) of investment in port projects after it deregulated tariffs. The nation has awarded bids for 30 ports in the year ending March 31, Shipping Secretary Vishwapati Trivedi said in
      Bloomberg  -  293 words
    • Article
      Lock icon TRANSPORT STOCKS
      245 21 SGX '000 Mar 06 S$ +/-Vol Ch Offshore 0.40 unch 10 Chuan Hup Hldg 0.26 unch 80 Cosco Corp 0.69 -0.01 1033 Cwt Limited 1.29 -0.04 2523 First Ship Lea 0.07 unch 1049 Grand Banks...............0.21 unch 3 Jaya Hold Ltd unch K1Ventures 0.20 unch 488 Keppel Corp 10.59
      245 words
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  • Article
    Lock icon SHIPPING TIMES
    2377 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
    2,377 words
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      140 23 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 Spotlig Award ht Wins
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      18 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2944 24 Transaction date: Mar 6 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last 14 10.4 8Telecom Vol Day Last Quote ('000) High Low Buyer Seller 11.5 7 AEM --AAT Net P/E
      2,944 words
    • Article
      Lock icon SGX CATALIST
      322 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 22 t 3Cnergy 500 p li> p 00 p*****0 p g 00 t 00 p L£> m LO mp r>J *jT CO rsj
      322 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11107 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.19/ Aberdeen Asset Mgt Asia Limited American Opp 0.9743/ Global Emerging Markets!** Asian Smaller Cos! China Opportunities' 1.8752/ 2 6784/ EM Local Ccy Bond .0 8873/ European
      11,107 words
    • Article
      Lock icon GLOBALQUOTE
      262 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61.5 34.4 AVJennings A57 -4.5 35 57 57 58 63 3.6 6.1 4.6 211 52 35.5 Genting HK US$ US41.5 +2 ***** 41.5 40.5 41 41.5 2732.6
      262 words
    • Article
      Lock icon SGX ETF
      1123 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 114 +0.3 9 114 114 113.7 114 520.4 143 119 CIMB APAC Div 100S$D 125 +0.2 125 125 124 126
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      680 26 Mar 6 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.76 *****.12 *****.56 Mar14 *****.00 *****.00 *****.00 *****.00 ***** *****3 Jun14 *****.00 *****.00 *****.00 *****.00 4005 ***** MSCI TAIWAN INDEX FUTURES SPOT 303.05 306.27 303.05 Mar14 301.90 306.80 301.60 305.80 ***** *****3 Apr14 303.20
      680 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Mar 5 Index Change Change Change Change Change Change World Preliminary 1195.5 0.0 0.9 0.1 1.6 0.1 1.1 EAFE Preliminary 953.9 0.1 -0.2 0.2 1.1 0.2 0.5 Europe Preliminary 1379.4 -0.2 1.8
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Mar 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.995 5.518 0.657 7.000 55.276 103.454 0.927 9.598 2.942 1.069 93.649 40.204 1.141 9.647 0.802 27.344 29.115 0.540 0.902 Canada 1.005 5.544
      471 words
    • Article
      Lock icon SIBOR
      34 26 Mar 6 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 26 Mar 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.29 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-16 101.56 5-Year NX*****W 2.5 01-Jun-19 105.37 105.45 105.39 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      136 26 Mar 06 GOLD(US$/oz) Mar 06 Mar 05 Hong Kong 1338.00 1339.00 Mar 05 Mar 04 London 1338.00 1336.50 1338.65 1337.45 Source: Thomson Reuters CAST BAR Mar 06 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 122 54 5gm 347 271 10gm 620 542
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    • Article
      Lock icon PALM OIL
      57 26 Mar 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2814.0 2831.0 2865.0 2814.0 62 982 Apr 14 2825.0 2833.0 2869.0 2810.0 1083 ***** May 14 2825.0 2834.0 2869.0 2808.0 ***** ***** Jun 14 2815.0 2822.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Mar 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1403 1.1411 0.9017 0.9022 Canadian dollar 1.1459 1.1462 0.9062 0.9061 Euro 1.7358 1.7364 1.3726 1.3729 NZ dollar 1.0669 1.0676 0.8437 0.8441 Sterling pound 2.1139 2.1146 1.6716 1.6719
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 26 Mar 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1420.00 1418.00 1424.00 1407.00 May 14 1420.50 1423.00 1426.50 1409.50 Jul 14 1395.25 1396.50 1401.00 1385.50 Aug 14 1346.00 1345.00 1352.50 1338.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
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    • Article
      Lock icon LIFFE
      94 26 Mar 5 COCOA (£/tonne) Close Prev High Low Mar 14 1833 1828 1836 1819 May 14 1849 1844 1854 1835 Jul 14 1851 1847 1854 1839 Sep 14 1847 1842 1849 1837 COFFEE(US$/tonne) Close Prev High Low Mar 14 2113 2111 2138 2080 May 14 2065 2077 2100 2033
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1198 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 40 0.0 5 -88 52 Asia-Pacific Strategic W*****6 0.5 1 123 205 81.00 2 Ratio Exer Ascendas Reit MB eCW*****1 2 0.2 210 1 Ascendas Reit MB ePW*****1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Mar 05 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.85 -1.03 WTI (Near Mth) 101.27 -1.94 Dubai (1-Mth F) 104.77 -1.14 Tapis blend 113.58 -1.21 Minas 108.68 -1.21 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.75 -1.08 Jet Kerosene 121.86 -0.72 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Mar 6 S$ Bid Offer 1-month 1.2646 1.2648 2-months 1.2645 1.2648 3-months 1.2645 1.2647 6-months 1.2643 1.2645 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 26 Mar-05 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1730.25 1722.75 3 months 1775.00 1768.00 Copper, Grade A(US$/tonne) Cash 7061.50 7087.50 3 months 7030.00 7049.50 Lead(US$/tonne) Cash 2107.50 2111.75 3 months 2136.50 2137.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Mar 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.166 1.111 Can dollar 1.172 1.127 Euro 1.783 1.699 Sterling pound 2.162 2.079 NZ dollar 1.094 1.052 US dollar 1.295 1.234 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      161 26 Mar 6 $S Offer Bid 0vernight 0.05 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.20 0.10 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • executive lifestyle
    • Article, Illustration
      Lock icon Designs on business
      1565 27  -  An emerging design culture here makes the Singapore Design Week a timely initiative, writesTAY TAY SUAN CHIANG FIRST, there was Singapore Fashion Week. Then Art Stage and its peripheral events raised the profile of art buying in Singapore. Now, Singapore design is in the limelight with a
      PHOTOS: SINGAPORE DESIGN WEEK  -  1,565 words
    • Article, Illustration
      Lock icon Follow the design trail
      867 27 THE inaugural Singapore Design Week is on from March 10 to 16. Many of the activities will be at the soon-to-open National Design Centre at 111 Middle Road, but there will be other events across town too. See www.designsingapore.org/SDW for registration details. Design Trails: Creative Circuits
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    • CINEMA
      • Article, Illustration
        Lock icon Cathay’s curtain call for its heady filmmaking days
        649 28  -  Our Sister Mambo, by playwright Michael Chiang is due in 2015, writesDYLAN DYLAN TAN dylantan@sph.com.sg CATHAY Organisation will be celebrating its 80th anniversary on a slightly bittersweet note when its subsidiary Cathay Asia Films, produces its first movie in 15 years and
        PHOTOS: CATHAY ORGANISATION  -  649 words
      • Article, Illustration
        Lock icon Blend of farce and tragedy
        522 28  -  By GEOFFREY EU JAMES McAvoy’s unbridled performance as a scheming, fast-spiralling out-of-con-trol cop is what keeps us interested in Filth, a darkly humorous and deeply disquieting exploration of the descent of a man. That coupled with copious amounts of over-the-top sex, drug use and violent
        PHOTO: GOLDEN VILLAGE  -  522 words
      • Article, Illustration
        Lock icon History wrought in gore
        496 28  -  By GEOFFREY EU YOU don’t need to know anything about ancient Greek history to appreciate 300: Rise of an Empire but it helps, especially when it comes to pronouncing those pesky Greek and Spartan names. It’s been seven years since Zack Snyder’s 300 depicted in gory
        496 words
      • Article, Illustration
        Lock icon Luc Besson-style shoot-‘em-up
        349 28  -  By GEOFFREY EU IN 3 Days to Kill, the CIA assassin played by Kevin Costner looks like he’s suffering terribly while sleepwalking through Paris, coughing desperately and blowing his nose before blowing away his enemies. That’s because he’s terminally ill, so ill in fact that on more
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    • MUSIC/ARTS
      • Article, Illustration
        Lock icon Rock gods strike a chord
        849 29  -  Eric Clapton, Rob Zombie, Korn and more rock the house live, reports DYLAN TAN dylantan@sph.com.sg CONCERTGOERS’ eardrums and necks got a real workout this week as various rock gods descended to play shows across the island. Kicking things off quite aptly on Tuesday evening at
        PHOTOS: LUSHINGTON (ERIC CLAPTON), ALOYSIUS LIM/LAMC PRODUCTIONS (ROB ZOMBIE)  -  849 words
      • Article, Illustration
        Lock icon Big dreams in the City of Light
        555 29  -  By RACHEL LOI By rachloi@sph.com.sg WHAT comes to mind when you think of Paris? City of love? Music and wine? Or a city of strikes and rude ba-guette-carrying locals? There is no shortage of stereotypes when it comes to the French in fact,
        PHOTO: SING’THEATRE  -  555 words
      • Article, Illustration
        Lock icon Draw of contemporary Chinese inks
        876 29  -  By CHEAH UI-HOON uihoon@sph.com.sg CHINESE ink could well be the new black in the art market with Christie’s looking to put up a dedicated sale for Chinese ink works in autumn this year, in Hong Kong. It started private sales of contemporary Chinese ink works
        PHOTO: CHRISTIE’S  -  876 words
      • Article, Illustration
        Lock icon Winning ways with watercolour
        577 29  -  By CHEAH UI-HOON uihoon@sph.com.sg WHILE the usual practice for an artist is to exhibit and sell works at private galleries, one artist has chosen to submit works to international competitions and win a clutch of awards and affirmations rather than ring up sales. This was one
        PHOTOS: UTTERLY ART  -  577 words
    • ARTS
      • Article, Illustration
        Lock icon Vignettes of the modern woman
        676 30  -  To fete International Women’s Day, we look at the palettes and lenses of women artists for glimpses of their world, writesRACHEL RACHEL LOI rachloi@sph.com.sg ARTIST Serine Kwak de Labaume still remembers how she felt while organising the FreshAir Fine Arts Festival in November last year.
        676 words
      • Article, Illustration
        Lock icon Behind the veil of stoicism
        952 30  -  By RACHEL LOI rachloi@sph.com.sg FOR all the rhetoric about the Middle East and its depiction as a volatile region, photographer Rania Matar is one who sees a different picture. “I have a foot in the West and the other in the Middle East I am
        PHOTOS: SANA GALLERY, JESVIN YEO, ISKANDAR NOOR  -  952 words
      • Article, Illustration
        Lock icon Gritty clash of classes
        651 30  -  By HELMI YUSOF helmi@sph.com.sg AT ONE point, the characters, unable to contain their rage, start to scream and tear at each other with stunning vehemence. It is a sight made all the more nerve-racking because the actors are just metres away from you. That they would
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    • WINE & DINE
      • Article, Illustration
        Lock icon Simple wines, simple meals
        1245 31  -  Burgundy for white wines and Bordeaux for red make good pairings, writes NK YONG Disclaimer: The writer is involved in the distribution of Domaine Comtes Lafon wines. CHOOSINGw i n e s f o r di nner i s both a sensual and intellectual exercise. It
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      • Article, Illustration
        Lock icon Spotlight on up-and-coming chefs
        798 31  -  By DEBBIE YONG debyong@sph.com.sg FOOD festival Savour is going places quite literally. After two years at the F1 Pit Building, the annual culinary event moved to more central, though smaller, premises on the Promontory at Marina Bay on Wednesday. At just over 11,000 sq m, the
        PHOTO: SAVOUR  -  798 words
      • Around Town
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          Lock icon Pick of the Week
          165 31  -  By CHEW HUI-YAN >PasarBella and friends go to town: Head down to the Marina Bay Sands Event Plaza as PasarBella brings some of its favourites from the Grandstand and some new traders to the iLight Festival 2014. Staying true to the element of sustainability that the
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          344 31  -  Compiled by CHEW HUI-YAN Caspian: Catch American post-rock band Caspian for one night only this Saturday. The band will play two sets as part of the 2014 Mosaic Music Festival. The March 8 performane will be Caspian’s debut trip to Singapore before they kick off their China 2014 tour.
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      355 28 CRYPTIC CROSSWORD Across 1 Female is behind fashionable leading product (8) 5 Legendary association of sportsmen exploited extortionately (6) 8 Fruit tree gets one fussing audibly (6) 9 Address for a man in a superior Westminster house (8) 10 Unreported evil is horrible what’s covered up is very bad (8)
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