The Business Times, 26 March 2014

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Total Pages: 34
1 34 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 Wednesday, March 26, 2014
    25 words
  • Article, Illustration
    Lock icon Search efforts narrow for MH370
    635 1  -  Australia to lead search at southern Indian Ocean; Malaysia Airlines and its chief come under fire By ANITA GABRIEL anitag@sph.com.sg [SINGAPORE] After scouring more than two million square nautical miles for MH370 since it disappeared 18 days ago, the search operations for the missing aircraft
    635 words
  • Article
    Lock icon HK banks’ US$430b exposure to China sparks concern
    642 1 Sum is 40% of their total loan book; 165% of HK’s GDP Reuters [HONG KONG] In just a few years, Hong Kong banks have ramped up lending to China from near zero to US$430 billion, fuelling concerns about their credit exposure to
    Reuters  -  642 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,104.17 (-7.66) HST INDEX FUTURES 3,104.00 (-8.00) HSIMSCI 351.24 (-0.57) HSIMSCI FUTURES 351.60 (-0.70) US$ S$ US$ (S$ per US$) 1.269 (US$/S$ per 1.649 2.093 EURO (US$/S$/€ 1.383 1.756 Foreign currency per US$ S$ YEN 102.10 80.50 RM 3.305 2.604 HK$ 7.758 6.114 BAHT 32.56 25.66 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,837.17 +3.32 NIKKEI 225 14,423.19 -52.11 HANG SENG 21,732.32 -114.13 SET INDEX 1,354.01 +4.11 JAKARTA COMP 4,703.09 -17.33 MANILA COMP 6,336.34 -64.33 SEOUL COMP 1,941.25 -4.30 SHENZHEN B 830.51 +3.33 MUMBAI IND 22,055.21 -0.27 12noon EDT Change DOW 16,323.84 +47.15 NASDAQ 4,211.33 -15.05
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA JAPAN TAIWAN KOREA JAPAN 1.475 KOREA 9.33 SWITZERLAND 0.50 INDIA 3.25 Source: Bloomberg
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      Lock icon Page 1 Advertisements Column 1
      201 1 PROPERTY Retail rents still stagnate islandwide in Q1: DTZ PAGE 9 TRANSPORT HUB S’pore yards can compete and win on quality PAGE 23 HOCK LOCK SIEW SGX site is now counter-intuitive PAGE 4 EXECUTIVE MONEY US small-cap rally sends valuations soaring PAGE 34 SEVEN PALMS SENTOSA COVE m VA 1
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  • TOP STORIES
    • Article, Illustration
      Lock icon World leaders eye new direction in tackling nuclear terror
      582 2  -  35 nations pledge to turn international guidelines into national laws By LEE U-WEN in The Hague leeuwen@sph.com.sg MANY of the 53 countries involved in the Nuclear Security Summit (NSS) organised every two years since 2010 feel it’s time to set a
      PHOTO: STEPHANIE YEOW/THE STRAITS TIMES  -  582 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      376 2 Search efforts narrow for flight MH370 THE search operations for the missing Malaysian Airlines jet has narrowed to the southern tip of the Indian Ocean. FRONT PAGE HK banks’ US$430b exposure to China sparks concerns IN just a few years, Hong Kong banks have ramped up lending to
      376 words
    • Article
      Lock icon Finding MH370’s black boxes a huge challenge
      808 2 Search for them will be long and difficult: specialists AFP [PARIS] Recovering the black boxes from the Malaysia Airlines jet that crashed into the southern Indian Ocean is a Herculean task, even with the wealth of sophisticated equipment being deployed. Any hope of
      AFP  -  808 words
    • Article
      Lock icon Banks eyeing Alibaba IPO skip some US$100m of business
      771 2 They avoid working for the firm’s rivals, acquisition targets [HONG KONG] Every big bank in town wanted a piece of the Alibaba Group initial public offering, set to be the biggest technology listing ever. So much so that, according to Thomson
      771 words
    • Article
      Lock icon Volatility stirs activity in oil market in Q1
      548 3  -  But new Gulf refineries and Crimean sanctions make for tough trading environment By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] Market volatility caused by geopolitics, including the confrontation over Ukraine, is helping to boost oil market activity here in the first quarter, say oil traders.
      548 words
    • Article, Illustration
      Lock icon SingHealth’s Cycle of Life in BT Charity Challenge
      475 3  -  B y JAIRA KOH jairakoh@sph.com.sg [SINGAPORE] This Sunday, eight SingHealth representatives will do their part for organ and tissue donation awareness on public roads instead of hospital corridors. Starting at 6.15am at the F1 pit building, they will cycle 39km in The
      PHOTO: YEN MENG JIIN  -  475 words
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      615 3 Don’t Miss the Largest and Most Comprehensive International Food and Hospitality Trade Event in Asia FHA^Of4 8-11 APRIL 2014 SINGAPORE EXPO O 95,000sqm of exhibition area across 10 halls O 64,000 trade attendees from more than 100 countries regions O 2,800 exhibitors and over 50 group pavilions from more than
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SGX site is now counter-intuitive
      1035 4  -  HOCK LOCK SIEW By CAI HAOXIANG haoxiang@sph.com.sg USUALLY, an upgrade or revamp is good news because it makes everybody’s lives easier. We get upgraded smartphones with bigger screens and faster processing power, for example, so we waste less time accessing applications, squint less at words
      1,035 words
    • Article
      Lock icon Genting HK gets SGX nod for secondary listing
      444 4  -  In-principle approval for listing by way of introduction By RAPHAEL LIM raphlim@sph.com.sg GENTING Hong Kong has received the in-principle approval from Singapore Exchange (SGX) for a secondary listing by way of introduction on the main board. The global entertainment and hospitality company,
      444 words
    • Article, Illustration
      Lock icon S’pore firms bullish about growth in Asia: poll
      648 7  -  Survey says they are positive about growth in region over next 3 years B)’ KARA QUEK karaquek@sph.com.sg SINGAPORE companies continue to be bullish about their growth in Asia in the next three years, a survey by telecomms and media services company Telstra
      Source: Telstra  -  648 words
    • Article
      Lock icon EFG Bank sees larger AUM contribution from Asia
      499 7  -  By JAMIE LEE leejamie@sph.com.sg SWISS private bank EFG Bank expects contribution from its Asian operations in assets under management (AUM) terms to increase to 40 per cent, from about 20 per cent now, and this translates to about US$18 billion in the
      499 words
    • Article
      Lock icon KrisEnergy secures US$100m revolving credit facility
      340 8  -  Money to be used to buy hydrocarbon assets and as working capital By VIVIEN SHIAO By vshiao@sph.com.sg INDEPENDENT upstream oil and gas company KrisEnergy has secured a US$100 million revolving credit facility maturing in March 2016, with an option to extend for an additional
      340 words
    • Article
      Lock icon TPV to acquire Philips stake in TP Vision
      218 8  -  By CARINE LEE carinel@sph.com.sg TPV Technology Limited has inked a sale-and-pur-chase agreement with Philips to acquire the latter’s 30 per cent stake in TP Vision. TP Vision is a joint venture between Philips and TPV relating to the Philips TV business in
      218 words
    • Article
      Lock icon Boustead unit wins water treatment deal
      266 8  -  By KELLY TAY kellytay@sph.com.sg A SUBSIDIARY of Boustead Singapore Ltd has clinched a “major mul-ti-million dollar contract” to design and supply water and wastewater treatment facilities in Indonesia. The latest contract has raised the Boustead group’s order book backlog (as at the end of
      266 words
    • Article
      Lock icon Time to start shifting assets to emerging markets: SocGen
      482 8  -  By CAI HAOXIANG haoxiang@sph.com.sg IT is time to start shifting money back to emerging markets, especially Asian stocks, said French bank Societe Generale. The bank upgraded its emerging market (EM) equity and 10-year government bond allocation from zero per cent at
      482 words
    • Article
      Lock icon Addvalue to sell subsidiary for $330m
      334 8  -  By JOYCE HOOI joyceh@sph.com.sg SATELLITE communications group Addvalue Technologies (Addvalue) is selling a wholly owned subsidiary, Addvalue Communications Pte Ltd (AVC), for $330 million in cash. The group entered into a conditional sale and purchase agreement with an unrelated third party buyer on Monday,
      334 words
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      367 4 CIVf A DT Investment k3lTAr\TvX International Property Expo LOCAL OVERSEAS PROPERTY STOCKS FUNDS ALTERNATIVE INVESTMENT 29 (Sat) 30 (Sun) March 2014 11am 7pm Hall B, Sands Expo Convention Center, Marina Bay Sands (Bayfront MRT station, Exit D) FREE ENTRY REGISTER NOW STARTS THIS WEEKEND BUYING OVERSEAS PROPERTY? taaiMiarjsMiiwinwiiiii Over 20
      367 words
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      340 4 Precision Engineering and General Manufacturing About OMNI The WSQ Operations Management Innovation (OMNI) Programme was launched on 3 rd August 2010 by Mr Lee Yl Shyan, Senior Minister of State, Ministry of Trade and Industry and Ministry of National Development, This programme is Jointly organised by The Workforce Development Authority
      340 words
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      124 5 Operating as Wholesale Bank from 3 March 2014 An extended range of services, including Singapore dollar deposits. A commitment to giving clients the service they expect and deserve. Best Global Private Bank in Asia As voted for second year running in 2013 Asiamoney Private Banking Poll by HNWIs with US$
      124 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI drifts in absence of news flow
      668 6  -  Firm opening in Europe helps index trim early losses; turnover slides to $881m STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent IT WAS a tale of two halves yesterday, with the Straits Times Index (STI) drifting lower in the morning and early afternoon in tandem
      Source: Bloomberg  -  668 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Mar 25 VALUE CLOSE BT OB/OS -131.00 -89.00 BT CADI -*****.00 -44.00 BT 10-day MA -*****.00 -13.00 FTSE ST Mid Cap 714.32 -0.55 FTSE ST Small Cap 537.50 -2.03 FTSE ST All Share 754.98 -1.72 FTSE ST China Top 196.90 -1.34 FTSE ST China 222.69 -1.28 FTSE
      77 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME HanKore 258,385,000 Albedo 207,799,000 Digiland 89,764,000 Ocean Sky 86,944,000 Equation 59,518,000 Memstar 55,784,000 AdvanceSCT 51,550,000 Global Tech 45,071,000 Charisma Energy 43,630,000 Noble Grp 35,617,000 VALUE($) DBS Grp 75,149,005 GLP 60,905,900 SingTel 39,434,574 Noble Grp 39,094,705 UOB 38,375,980 HanKore 37,280,916 Keppel Corp 24,162,250 Golden Agri 19,589,420 Genting
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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 8 5 2 0 0 0 8 5 2 Manufacturing 32 54 46 9 8 8 41 62 54 Commerce 16 28 21 1 5 5 17 33 26 Tpt/Stor/Comms 10 17 14
      186 words
    • Article
      Lock icon BROKERS’ TAKE
      909 6  -  Compiled by JOYCE HOOI Telecoms Sector OCBC Investment Research, March 25 BOTH M1 and SingTel reported Q4 CY2013 results that came in within our expectations, while StarHub’s results tracked below forecast. M1’s core FY2013 earnings were 3.5 per cent above our full-year forecast and SingTel’s 9M FY2014 earnings
      909 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,779 20,779 50,156 50,156 Manufacturing 328,620 120,036 448,656 118,866 3,514 122,381 Commerce 251,826 250,705 502,531 97,150 10,021 107,171 Tpt/Stor/Comms 53,021 989 54,010 79,117 103 79,220 Finance 19,127 74 19,201 138,855 18 138,873 Construction 29,994 48,129
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Change CapMallsAsia 1.715 -0.005 CapitaLand 2.770 -0.010 CapitaMall 1.885 -0.005 CityDev 9.430 -0.020 ComfortDelGro 1.940 -0.010 DBS Grp 16.04 -0.030 GLP 2.570 -0.060 Genting SP 1.305 -0.010 Golden Agri 0.565 -0.010 HK Land 6.390 +0.060 HPH Trust US$ 0.640 JMH 57.97 -0.310 JSH
      115 words
    • Article, Illustration
      Lock icon Euro falls on ECB official’s comments
      496 6 CURRENCIES Reuters [LONDON] The euro fell broadly yesterday, after European Central Bank (ECB) governing council member and Bundesbank chief Jens Weidmann said negative interest rates were an option the bank could use to counter strong gains in the single currency. Mr Weidmann also said
      Reuters; PHOTO: BLOOMBERG  -  496 words
    • Article
      Lock icon RISES
      116 6 BY CENTS CLOSE UP DBXT iBoxxUSTr 5US$ ***** 167.5 0.7 DBXT iBoxxSvEu 5US$ ***** 145.9 0.4 DBXT AUDCS 5US$ ***** 115.5 0.5 DBXT USDIGInfl 5US$ ***** 106.6 0.3 DBXT Nifty 10US$ ***** 71.1 0.5 DBXT AUD Bonds 5AU$ ***** 69.5 0.3 DBXT AUDCS 5SG$ ***** 59.0 0.2 DBXT EONIA
      116 words
    • Article
      Lock icon FALLS
      125 6 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -114.2 -0.7 DBXT iBoxxKR 5US$ ***** -107.8 -0.6 GLD 10US$ ***** -93.9 -0.6 SPDRS S&P 500 10US$ ***** -90.1 -0.4 JSH 3281 -68.5 -1.6 SPDR DJIA 10US$ ***** -59.6 -0.3 DBXT MSKorea 10US$ 5889 -54.6 -0.7 Lyxor AsiaIT 10US$ 3389 -53.3
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      843 7 o end once Supply Chain Training Centre Professional Qualifications in Procurement Supply Awarded by The Chartered Institute of Purchasing and Supply, UK. rs um EMPOWER YOUR LEARNING rr Diploma in Procurement and Supply The CIPS Diploma in Procurement and Supply is the most recognized professional qualification in purchasing and supply.
      843 words
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      34 8 anz.com/global ©Australia and New Zealand Banking Group Limited (ANZ) ABN 1 1 005 357 522. ANZ’s colour blue is a trade mark of ANZ. ANI0048/BT/C Financial solutions that keep the wheels of industry turning.
      34 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Retail rents still stagnating islandwide in Q1: DTZ
      598 9  -  Retailers resistant to rent hikes; landlords staying firm on their asking prices By LEE MEIXIAN leemx@sph.com.sg RETAIL rents continued to stagnate islandwide in the first quarter as leasing deals took longer to complete, with retailers more resistant to rent increases and landlords
      Source: URA, DTZ Research  -  598 words
    • Article
      Lock icon S’pore, UK accounting bodies ink exam pact
      360 9  -  MOU renders mutual credit recognition of their qualifications BY, MICHELLE QUAH michquah@sph.com.sg THE Singapore Accountancy Commission (SAC), tasked with revamping the local accountancy sector, yesterday signed a memorandum of understanding (MOU) with the Institute of Chartered Accountants of England Wales (ICAEW) to pave
      360 words
    • Article, Illustration
      Lock icon JTC opens 2 more industrial sites in Tuas South for bids
      224 9  -  By CHAN YI WEN yiwenc@sph.com.sg JTC, the principal developer of local industrial estates, has launched two more ready-to-build industrial sites at Tuas South for bidding. Released under the Industrial Government Land Sales (IGLS) programme, they are each 8,369 square
      224 words
    • Article
      Lock icon HDB to relocate 399 industrial units from Eunos
      268 9 HDB will be relocating another batch of units in the Eunos Industrial Estate under its Industrial Redevelopment Programme (IRP) to facilitate future redevelopment of the estate. Under this 14th batch, 399 units will be relocated and affected tenants will be offered replacement
      268 words
    • Article, Illustration
      Lock icon Taxi tailback at airport to be trimmed
      371 9  -  By LISABELLE TAN lisatan@sph.com.sg THE building of a dou-ble-storey taxi deck will be completed at Changi Airport by the end of next year to ease the in-bound flow of cabs along Airport Boulevard. During peak hours now, the supply of taxis bound for
      371 words
    • Article, Illustration
      Lock icon Okinawa, Changi Airport sign MOU
      282 9 THE Okinawa prefectural government and Changi Airport yesterday inked a Memorandum of Understanding aimed at strengthening the aviation network between the two. The move comes as both parties seek to work closely to promote tourism and trade exchanges between Okinawa and Singapore as well as
      282 words
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      28 9 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
      28 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      32 9 tl'Jl'] $1.6 MILLION Estimated Draw on Thu, 27 Mar 2014 at 6.30pm For details, visit www.singaporepools.com.sg p /\yi Always play with care. responsibly) Do not bet illegally. RGB Reg No: *****0202G m
      32 words
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  • FORWARD THINKERS
    • Article, Illustration
      Lock icon Metamorphosis ahead for furniture industry
      1492 10  -  Ernie Koh, president of the Singapore Furniture Industries Council, tells KARA QUEK that embracing ‘design with business’ as well as passion will push the industry to the next level of growth KARA QUEK karaquek@sph.com.sg THE furniture industry in Singapore looks set to move away from
      PHOTO: ARTHUR LEE; FILE PHOTO  -  1,492 words
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      735 11 4 A A 4 How Watson helps answer big questions with Big Data. Since Jeopardy!, Watson has become 15percent smaller and 240 percent faster, and it can now operate from a single server. It rims on 20 watts. It’s smaller than a shoebox. It’s the most powerful and efficient computer
      735 words
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  • MALAYSIA
    • Article
      Lock icon Kian Joo accepts Aspire’s RM1.47b bid
      552 12  -  It ignores a rival, higher offer from Toyota, gives no reason for its move By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S largest canning company, Kian Joo Can Factory, has spurned a rival, and slightly higher, offer from Japan’s Toyota group to accept a RM1.47
      552 words
    • Article, Illustration
      Lock icon Halim Saad makes bid for toll operator Plus
      716 12 [PETALING JAYA] Halim Saad has put in an unsolicited bid to take over Plus Malaysia Bhd, the largest toll concessionaire in the country that is owned by UEM Group Bhd and the Employees Provident Fund (EPF). The offer comes barely four years
      PHOTO: THE STAR  -  716 words
    • Article
      Lock icon Johor oil hub investments may top US$50b
      555 12 Malaysian agency sees positive outlook for country’s oil gas industry [KUALA LUMPUR] Investments at the Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor, could top US$50 billion by 2020, 150 per cent more than the initial target of US$20 billion. Malaysian
      555 words
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      2271 12 SINGAPORE REINSURANCE CORPORATION LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0016C NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 41st Annual General Meeting of the Company will be held at Taurus, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore *****4 on
      2,271 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Beijing likely to take steps to support economy
      778 13 Weak economic data putting pressure on govt to act: analysts Reu ters [BEIJING] The odds of Beijing intervening to support the sluggish Chinese economy are narrowing following a slew of data that points to the weakest growth for China since the global
      Reuters; PHOTO: AFP  -  778 words
    • Article
      Lock icon China’s energy-hungry industries still growing too fast: pollution agency
      280 13 Reuters AFP [BEIJING] China’s energy-hungry, highpolluting industries continued to grow too fast in 2013, putting “huge pressures” on the environment and causing air quality to worsen further, the country’s pollution agency said yesterday. Premier Li Keqiang “declared war” on pollution in
      Reuters; AFP  -  280 words
    • Article
      Lock icon Urban drive: Call for bigger market role
      369 13 World Bank favours market-based resource allocation Reuters [BEIJING] China should let market forces play a greater role in its drive to boost the urban population to accomplish its goal of ensuring sustained, consum-er-led growth, the World Bank said in a report yesterday. In
      Reuters  -  369 words
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      83 13 BNP PARIBAS sK 44 m 4 4 4 CIj I T4 4 14 M* m 4 41 Viilfli !Ti ♦in nm iim i II !P m i iiiM^Ly mu) jJ i 4.4l tia-HBH i K < <« IB li 1 The bank for a changing world r ii i i
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  • GREATER CHINA/INDIA
    • Article
      Lock icon HK analysts back stand against dual-class shares
      807 14 Lack of class-action system makes status quo important for minority shareholders Bloomberg [HONG KONG] In Hong Kong, where billionaire families dominate the economy, listing standards that prevent company insiders from hoarding control strike some fund managers such as Pauline Dan as protections worth
      Bloomberg  -  807 words
    • Article, Illustration
      Lock icon Middlemen blamed for India’s rising food prices
      713 14 Parties to cut out cartels to benefit producers, buyers Bloomb erg [MUMBAI] India’s top political parties are taking aim at a six-decade old practice of collusion among traders at produce markets that policy makers say helps fuel Asia’s highest inflation. At Mumbai’s Vashi
      Bloomberg; PHOTO: REUTERS  -  713 words
    • Article
      Lock icon Beijing appears to drop steel consolidation target
      325 14 Reuters [BEIJING] China’s policymakers have again promised to make it easier for steel mills to merge and consolidate, but they appear to have ditched a longstanding target to bring 60 per cent of the sector under the control of its 10 biggest enterprises
      Reuters  -  325 words
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      1869 14 KATS3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices China Print Power Group Limited a a h £P jsij n a w ps a wi (Incorporated in Bermuda) (Company Registration Number *****) (Hong Kong Stock Code: 6828) (Singapore Stock Code: B3C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that
      1,869 words
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      104 14 SINGAPORE INTERNATIONAL COIN Ml ISSM DrflPtS HP* m;psrs# nr MARINA BAY Smtds SINGAPORE WM L J IT ru p.. > IENC* iSDDSB §QDm§@^1]®M0DiII 0 0 im /a^QqsgD'Q Come see one of the world's largest gold coins. The 1000 ounce 999.9 Gold "Big Philharmonic" on Display, courtesy of the Austrian Mint
      104 words
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  • WORLD
    • Article, Illustration
      Lock icon Cisco to invest US$1b in cloud computing
      507 15 Networking giant seeks creation of an ‘Intercloud’ and hopes to form a ‘Star Alliance’ of tech firms NYT [NEW YORK] Even for the world of globe-spanning computer systems, Cisco is going big. Cisco Systems announced it would spend US$1 billion on creation of
      NYT  -  507 words
    • Article
      Lock icon Many still missing after Washington mudslide
      439 15 NYT [ARLINGTON, Washington] Estimates about the number of people who may have been in the vicinity when a huge mudslide smashed through the tiny community of Oso continued to grow, as Snohomish County officials said they had compiled 176 reports of people unaccounted for
      NYT  -  439 words
    • Article
      Lock icon G-8 turns G-7 as Russia is boycotted over Ukraine crisis
      801 18 Sochi summit to be replaced by meet in Brussels, without Russian involvement AFP [THE HAGUE] US President Barack Obama and top economic powers on Monday cancelled an upcoming G-8 summit in Russia, seeking to deepen Moscow’s isolation over its intervention
      AFP  -  801 words
    • Article
      Lock icon Japan offers US$1.5b to Ukraine in aid
      336 18 AFP [TOKYO] Japan is to give up to US$1.5 billion in financial aid to Ukraine, the government in Tokyo confirmed yesterday, as the club of rich nations booted Russia off the membership list. Prime Minister Shinzo Abe announced the figure as he and
      AFP  -  336 words
    • Article, Illustration
      Lock icon Japanese on buying spree ahead of sales tax hike
      634 18 Fears grow that the rise would affect consumer spending AFP [TOKYO] Tokyo resident Reiko Oguma is splashing out the yen in a last-minute buying spree as she and millions of Japanese shoppers brace for the country’s first sales tax hike since
      AFP; PHOTO: BLOOMBERG  -  634 words
    • Article
      Lock icon Hackers using bitcoin to hide identities: report
      768 19 Criminals trade computer ‘exploits’ for US$300,000 on underground market Bloomberg [WASHINGTON] Hackers from the US, Russia and Ukraine hawk computer “exploits” for as much as US$300,000 on an underground market fuelled by digital currencies like bitcoin, a report by RAND Corp and Juniper
      Bloomberg  -  768 words
    • Article, Illustration
      Lock icon King IPO a one-hit wonder discount?
      574 19 Bloom berg [NEW YORK] Call it the one-hit wonder discount. King Digital Entertainment, the maker of the Candy Crush smartphone game that’s trying to raise US$533 million in an initial public offering, is seeking a price-to-sales valuation cheaper than most of its publicly traded
      Bloomberg; PHOTO: BLOOMBERG  -  574 words
    • Article
      Lock icon Disney to buy Maker Studios for US$500m
      261 19 Bloomberg [LOS ANGELES] Walt Disney Co agreed to buy Maker Studios, a supplier of online video content to YouTube, for at least US$500 million, gaining technology and experience with short-form entertainment. Disney also agreed to pay as much as US$450 million more if
      Bloomberg  -  261 words
    • Article, Illustration
      Lock icon Facebook COO files statements in antitrust case
      772 20 She says she did not limit hiring workers from Google where she used to work Bloomberg [SAN FRANCISCO] Facebook chief operating officer Sheryl Sandberg has weighed in on the long-run-ning legal dispute over Silicon Valley technology giants poaching one another’s employees in a
      Bloomberg; BLOOMBERG FILE PHOTO  -  772 words
    • Article, Illustration
      Lock icon Korea tensions fail to deter reunification bets
      861 20 Market seems to be increasingly buying reunification idea Bloomberg [SEOUL] For all the concern over military tension between North and South Korea, stock investors are starting to bet the countries are headed towards reunification. Shinyoung Asset Management this month opened the first South
      Bloomberg  -  861 words
    • Article
      Lock icon Consumer confidence climbs in March
      562 22 Conference Board’s index rises to 82.3, the highest since January 2008 LATEST US DATA Bloomberg [WASHINGTON] Consumer confidence climbed in March to the highest level since 2008 as Americans grew more optimistic about the outlook for the world’s largest economy. The Conference Board’s index climbed
      Bloomberg  -  562 words
    • Article, Illustration
      Lock icon Courting the super-rich with customised watches
      938 22 Swiss watchmakers offer made-to-order luxury timepieces Reuters [CHIASSO, Switzerland] As luxury watchmakers seek to keep increasing sales while preserving exclusivity, they are taking a leaf out of the haute couture book, making watches to order with anything from diamond stars to fully personalised shapes
      Reuters; PHOTO: REUTERS  -  938 words
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      Lock icon To punctuate or not to punctuate?
      646 22 AFP [LONDON] A bizarre battle is raging in towns across Britain between lovers of the English language and local councils that are culling the humble apostrophe from street signs. The historic university city of Cambridge was the latest in a series of places this
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      545 15 x® 4 WATS NOTICES NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of MFS Technology Ltd (the “Company”) will be held at 801 Lorong 7 Toa Payoh, #02-01 Wearnes Building, Singapore *****9 on Thursday, 10 April 2014 at 12.15 p.m. (or such time immediately
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      422 15 ASUSPRO PU301 Total Security Solution iRresorder^ Tough Anti-shock HDD Strengthened structures with shock-absorbing sponge cushions ASUSPRO PU301LA-R0050G Intel® Core™ i7-4500U Processor (4M Cache, up to 3.0 GHz) Windows 8 Pro (Windows 7 Professional downgrade rights included) Intel HD Graphics 4400 13.3" HD LED-backlit TFT LCD 1366x768 Non Glare 802.11 ago
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      3257 16 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Keppel Land Limited (Incorporated in Singapore) (Co. Reg. No.: *****0001G) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Raffles City Convention Centre, Stamford Ballroom, Level 4, 80 Bras Basah Road, Singapore
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      3556 17 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) Notice of Annual General Meeting and Closure of Books NOTICE IS HEREBY GIVEN that the 46th Annual General Meeting of the Company will be held at Raffles City Convention
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      75 17 NOTICE TO PREFERENTIAL CREDITORS OF INTENTION TO DECLARE DIVIDEND Name of Company X-Terra Services Pte Ltd (In Creditors’ Voluntary Liquidation) Company Registration No *****8654D Address of Former 1 Old Parliament Lane Registered Office #01-02 Arts House At The Old Parliament Singapore *****9 Last Day for Receiving Proofs 9 April 2014
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      115 18 e TASTES Enjoy a truly personalized culinary experience at The Westin Singapore’s signature restaurant. Seasonal Tastes, with breath-taking views of Singapore’s city skyline from Asia Square Tower Lunch: $3S++ Dinner: $55++ For Citibank card holders, i dines free with every 3 paying diners. Terms and conditions apply. 12 Marina View,
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      28 18 Book your table when Michelin-starred chefs are in town this month! Use Chope for online reservations to the premier culinary events and top restaurants in town. More atchope.com.sg
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      325 19 Early Bird Registration 20% off the Course Fee register by 1st April 2014 I r nil -X JJ* EMPOWER YOUR LEARNING Specialized Courses for Supply Chain Professionals Embark on an opportunity to progress your career and develop core competencies with professional courses offered by Advance SCS, Singapore. We offer specialized
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      2149 20 [«AT3 NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices NEPTUNE ORIENT LINES LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****0632D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 45thAnnual General Meeting of Neptune Orient Lines Limited (the “Company”) will be held on Tuesday, 15 April
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      1574 21 m WAT3 NOTICES 'N H AMPLEFIELD LIMITED (Incorporated in the Republic of Singapore) Company Registration No.: *****0188N NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Amplefield Limited (the “Company”) will be held at RELC International Hotel, Room 506, Level 5, 30 Orange Grove
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      2519 21 MFS TECHNOLOGY LTD Company Registration Number: *****9562R NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirteenth Annual General Meeting of the Company will be held at #02-01, Wearnes Building, 801 Lorong 7 Toa Payoh, Singapore *****9 on Thursday, 10 April 2014, at 11:30 a.m. to transact the
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      687 22 (SAPS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SBS TRANSIT LTD (Incorporated in the Republic of Singapore) (Co. Reg. No.: *****6653M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-First Annual General Meeting of the Company will be held at the Auditorium, ComfortDelGro Headquarters, 205 Braddell Road,
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  • Transport HUB
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      Lock icon S’pore yards can compete and win on quality
      513 23  -  They need not worry about the influx of ‘cheap builds’ from China: shipbuilder ASIA PACIFIC MARITIME 2014 By MALMINDERJIT SINGH msingh@sph.com.sg THE “low rates” charged by Chinese shipyards, especially for the building of smaller offshore vessels, mean Singapore yards and others in
      513 words
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      Lock icon TRANSPORT STOCKS
      240 23 SGX '000 Mar 25 S$ +/-Vol Ch Offshore 0.40 unch 10 Chuan Hup Hldg 0.26 0.01 10 Cosco Corp 0.69 unch 374 Cwt Limited...............1.39 -0.04 526 First Ship Lea 0.10 0.01 1271 Grand Banks unch unch 0 Jaya Hold Ltd K1Ventures Chuan Hup Hldg Keppel Corp 10.66 0.05
      240 words
    • Article
      Lock icon Indonesia eyes growth in offshore sector
      412 23  -  It aims to reverse its position as a net energy importer By MALMINDERJIT SINGH msingh@sph.com.sg INDONESIA is poised to become a growth area for the offshore industry as the country increases its oil and gas exploration production (E&P) spending to eventually reverse its position
      412 words
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      Lock icon When the consumer of shipping services doesn’t pay enough
      801 23  -  STRAIT TALK By DAVID HUGHES THE general rule in any industry is that the customer pays for the service he enjoys. It is such a basic premise that one would not normally expect it to be a matter of debate. But
      801 words
    • Article
      Lock icon Houston channel remains shut
      283 23 Reuters [TEXAS CITY] The closure of the vital Houston Ship Channel looked set to extend to a fourth day after the Coast Guard struggled to finish cleaning up after an oil barge spill on Monday, threatening to force deeper production cuts at local refiners. Earlier on
      Reuters  -  283 words
    • TRANSPORT HUB: AVIATION
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        Lock icon Carriers should right-size fleets: jet manufacturers
        532 24  -  Smaller planes in region enable faster turn-around time, greater frequencies By NISHA RAMCHANDANI nishar@sph.com.sg CARRIERS need to consider right-sizing their fleets to ply regional routes as major aviation hubs in Asia struggle with infrastructure constraints amid the march towards Asean open skies, jet manufacturers
        532 words
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        Lock icon American to revive an era of glamour
        752 24 Ad campaign targets US transcontinental aviation market NYT [NEW YORK] As competition in the US transcontinental aviation market heats up, American Airlines is running a new advertising campaign highlighting its decades of service on these routes. Ads that began appearing on the websites
        NYT; FILE PHOTO  -  752 words
      • Article
        Lock icon Expansion only if Heathrow gets 3rd runway: Branson
        270 24 Reuters [DUBAI] Virgin Atlantic founder Richard Branson dangled the carrot of further investment in the British airline’s domestic carrier Little Red as he stepped up the campaign for a third runway at London’s Heathrow airport. Warning that Britain is in danger of
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      • Article
        Lock icon San Miguel to present plan for US$10b airport to govt
        370 24 Re uters [MANILA] San Miguel Corp, the Philippines’ most diversified conglomerate, is planning to present a proposal to the government soon to build a US$10 billion airport in the capital, its president said yesterday. Ramon Ang confirmed a Nikkei report
        Reuters  -  370 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Going one up with new presidential limo
        740 25 The Secret Service is officially soliciting bids from carmakers headquarted in US NYT [NEW YORK] The Secret Service is shopping for a new car something durable and roomy, and unlike anything else on the road. The commander in chief’s security detail this month
        NYT; PHOTO: REUTERS  -  740 words
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        Lock icon Force GM to set up compensation fund: senator
        612 25 Affected cars must be taken off road immediately, he says Reu ters [WASHINGTON] Pressure built on General Motors on Monday to take steps to get 1.6 million of its recalled cars off the road immediately and to establish a compensation fund for
        Reuters  -  612 words
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      197 24 THE BUSINESS TIMES ‘ANDRE RIEU’ CONTEST andré rieu HIS JOHANN STRAUSS ORCHESTRA APRIL 16 th 2014 4 new ways to buy tickets at the Singapore Indoor Stadium 1. Online at SPORTSHUBTIX.SG or ANDRERIEU.COM 2. Charge by phone +65 6333 5000 3. Box Of fice inside the Singapore Indoor Stadium 4.
      197 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      315 24 CRYPTIC CROSSWORD Across 1 Evocative of cars coming in late? (11) 9 Unconventional females worn out by love (7) 10 Live musical turns including Chopin’s first (6) 12 Trading area of London linked to Germany (7) 13 The girl will shortly account for varnish (7) 14 Scandinavian mostly adopting married
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      118 25 S 'V *****1 THE BUSINESS TIMES CORPORATE GOLF LEAGUE presented by Audi THE EVENT NOT TO BE MISSED! OK mm fm We’re Back For Our Fifth Year Sign up and discover a great platform to network with your partners and clients, as well as make new friends, while competing in
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  • EDITORIAL & OPINION
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      Lock icon Malaysia faces longer-term challenges too
      491 26 EDITORIAL THE year 2014 will be singled out as an annus horribilis for Malaysia’s national carrier, marked by the disappearance of its ill-fated Beijing-bound aircraft along with the 239 people who were onboard. As the world ponders the question that has confounded it for the
      491 words
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      Lock icon Tackling the challenges that Asia’s rapid growth brings
      858 26  -  THE BOTTOM LINE By SIMON HENRY The writer is the chief financial officer for Royal Dutch Shell THESE are historic times for Asia. Recent years have seen the region’s economies enter an unprecedented phase of industrialisation and urbanisation. According to Mckinsey, the
      858 words
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      Lock icon Reviving the Kampong Spirit in CSR programmes
      895 26  -  To achieve this, the effort must come from each and every resident and business in S’pore By JANET ANG The writer is managing director, IBM Singapore. IBM rallied its corporate neighbours in Changi Business Park to support the launch yesterday of the President’s
      PHOTO: NTUC FAIRPRICE FOUNDATION  -  895 words
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      Lock icon Abenomics strikes at issue of global failure to boost wages
      1021 27  -  Corporate sector and govts can learn a lesson from Abe’s policy to help raise personal incomes ANTHONY ROWLEY Tokyo Correspondent THE much-criticised “third arrow” of Japanese Prime Minister Shinzo Abe’s set of economic policies, Abenomics, may not have hit its
      PHOTO: AFP  -  1,021 words
    • Article
      Lock icon Russia’s China pivot accelerates as ties with Europe worsen
      658 27  -  By NICHOLAS CUNNINGHAM The writer, a Washington DC-based writer on energy and environmental issues, is a contributor to Oilprice.com where this article first appeared THE stand-off between the United States and the European Union (EU) on one hand, and Russia on
      658 words
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      Lock icon SGX should be more proactive against potential insider trading
      459 27 LETTER TO THE EDITOR LAST week was not a good week for the regulatory side of SGX. On the one hand, it was criticised for not querying Olam, while on the other, it was told that it was too easy on
      459 words
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      Lock icon ‘Migration’ likely to be included in post-2015 development agenda
      917 27  -  By PETER SUTHERLAND, WILLIAM SWING Peter Sutherland is special representative of the United Nations Secretary-General for International Migration and Development, and William Swing is director-general of the International Organization for Migration Project Syndicate IN 2000, the United Nations established the Millennium
      – Project Syndicate  -  917 words
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  • Article
    Lock icon SHIPPING TIMES
    2347 28 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
    2,347 words
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      126 29 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II 1 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES
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      18 29 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
      3175 30 Transaction date: Mar 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 14 10.4 8Telecom Vol Day Last Quote Div Gr Yld Net M Cap 181.6 102.4 AIMSAMPIReit 133 +1.5 504 133.5
      3,175 words
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      Lock icon SGX CATALIST
      273 31 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 35 22 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller
      273 words
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      Lock icon UNIT TRUST & FUNDS
      11580 31 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.5/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond China Opportunities 1 2 6628/ EM Local Ccy Bond *****/ European Opportunities 1 1 3216/ Global Emerging Markets 1 Global
      11,580 words
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      Lock icon GLOBALQUOTE
      261 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US40 +0.5 2999 40 39 39.5 40 2633.8 4.5 0.9 OGL Resources A$ A1.5 -0.4 108 1.9 1.5 1.4 1.6 0.2
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      Lock icon SGX ETF
      1124 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113 +1 113 113 112 114 515.8 143 119 CIMB APAC Div 100S$D 124.6 -0.2 124.6 124.6 123.4 125.9 114.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      689 32 Mar 25 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.69 *****.79 *****.08 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****9 Sep14 *****.00 *****.00 *****.00 *****.00 0 2210 MSCI TAIWAN INDEX FUTURES SPOT 302.42 305.87 302.42 Mar14 303.90 305.60 302.10 305.50 ***** *****0 Apr14 303.70
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 32 In local curr In S$ In US$ dy yr dy yr dy yr Mar 24 Index Change Change Change Change Change Change World Preliminary 1169.9 -0.7 -1.2 -0.9 -0.5 -0.7 -1.1 EAFE Preliminary 922.7 -0.4 -3.5 -0.6 -2.1 -0.3 -2.8 Europe Preliminary 1335.5 -1.0 -1.4
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 32 Mar 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.023 5.656 0.660 7.087 55.262 104.007 0.933 9.859 3.019 1.068 89.404 41.171 1.159 9.888 0.804 27.927 29.744 0.554 0.914 Canada 0.977 5.527
      471 words
    • Article
      Lock icon SIBOR
      31 32 Mar 25 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth ..0.***** Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      85 32 Mar 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 1-Year BY*****T 31-Oct-14 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.35 5-Year NX*****W 2.5 01-Jun-19 104.79 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon PRECIOUS METALS
      138 32 Mar 25 GOLD(US$/oz) Mar 25 Mar 24 Hong Kong 1318.00 1327.00 Mar 24 Mar 21 London 1311.36 1334.95 1312.13 1335.25 Source: Thomson Reuters CAST BAR Mar 25 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 81 51 5gm 321 266 10gm 599 534
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    • Article
      Lock icon PALM OIL
      59 32 Mar 25 Mar 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 14 2780.0 2797.0 2795.0 2775.0 625 3199 May 14 2733.0 2739.0 2744.0 2710.0 8977 ***** Jun 14 2700.0 2711.0 2720.0 2682.0 ***** ***** Jul 14
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 32 Mar 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1587 1.1598 0.9132 0.9138 Canadian dollar 1.1323 1.1332 0.8929 0.8924 Euro 1.7551 1.7561 1.3833 1.3836 NZ dollar 1.0853 1.0862 0.8554 0.8558 Sterling pound 2.0925 2.0935 1.6492 1.6495
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    • Article
      Lock icon CHICAGO BOT
      109 32 Mar 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1425.50 1408.75 1432.75 1393.25 Jul 14 1398.75 1382.25 1403.75 1368.00 Aug 14 1338.25 1325.50 1342.75 1315.00 Sep 14 1241.25 1231.75 1243.25 1224.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14
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    • Article
      Lock icon LIFFE
      95 32 Mar 24 Mar 24 COCOA(£/tonne) Close Prev High Low May 14 1873 1879 1893 1867 Jul 14 1873 1879 1891 1867 Sep 14 1873 1879 1891 1868 Dec 14 1855 1860 1871 1850 COFFEE(US$/tonne) Close Prev High Low Mar 14 2148 2099 2142 2110 May 14 2083 2038 2085
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1108 32 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 Exer Acma Ltd W*****7 Prem Disc Ascendas Reit MB eCW*****1 2 0.2 210 1 Ascendas Reit MB ePW*****1 1.1 0.2 200 1 Asiatic Grp(Hldgs)
      1,108 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 32 CRUDE OIL PRODUCTS Mar 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.93 -0.44 WTI (Near Mth) 99.89 -0.05 Dubai (1-Mth F) 103.21 -0.28 Tapis blend 111.29 -0.39 Minas 106.59 -0.19 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.28 0.50 Jet Kerosene 119.48 0.04 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 32 Mar 25 S$ Bid Offer 1-month 1.2688 1.2692 2-months 1.2688 1.2692 3-months 1.2687 1.2691 6-months 1.2685 1.2689 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      65 32 Mar-24 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1687.50 1681.50 3 months 1731.00 1723.00 Copper, Grade A(US$/tonne) Cash 6476.25 6489.25 3 months 6473.00 6480.00 Lead(US$/tonne) Cash 2042.50 2052.75 3 months 2070.00 2077.00 Nickel (US$/tonne) Cash *****.00 *****.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 32 As at 9am Mar 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.189 1.133 Can dollar 1.156 1.112 Euro 1.799 1.714 Sterling pound 2.136 2.054 NZ dollar 1.112 1.070 US dollar 1.296 1.235 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      159 32 Mar 25 Mar 25 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.08 US$ 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
      159 words
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      135 33 ST JOBS CAREERS DEVELOPMENT ?014 i. n i 4r fibs a. V 0STJOBS O m "C t i W LOOKING TO RECRUIT? JOIN THE BIGGEST CAREER FAIR IN TOWN! LIMITED BOOTHS AVAILABLE AT STJOBS CAREER DEVELOPMENT FAIR 2014, Sign up for our Career Development Fair 2014 now to get a
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  • executive Money
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      Lock icon US small-cap rally sends valuations soaring
      1219 34  -  Price-earnings ratios of shares in the Russell 2000 Index are three times as high as for those in the S&P 500 Index, reports LU WANG Bloomb erg [NEW YORK] IN ONE corner of the US equity market, investor enthusiasm is exceeding the frenzy of
      Bloomberg; PHOTO: REUTERS  -  1,219 words
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      Lock icon Japan looks compelling again for private equity
      540 33  -  MONEY MATTERS MATHIEU PERFETTI The writer is the private-equity portfolio manager for Asia with Credit Agricole Private Banking EVEN though Japan is a leading market in Asia alongside China, India and South-east Asia, investors have been reluctant to consider it as a core
      PHOTO: AFP; Source: AVCJ, McKinsey  -  540 words
    • Article
      Lock icon Riding on crest of megatrends
      830 33  -  Pictet Asset Management banks on the long-term payoffs of theme funds, reportsGENEVIEVE GENEVIEVE CUA gen@sph.com.sg INVESTORS have been burnt investing in theme funds through the years, but Pictet Asset Management believes a thematic approach is relevant and rewarding in the long term. Investors representing US$20
      830 words
  • Page 34 Advertisements
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      373 34 Social media stock rises over 60% upon launch 4-1-9 WALL Invest in the U.S. market with E*TRADE Hey dude! J Wanna invest U.S. stocks any trading platform recommendation. ST Heard of ETRADE? Only 9.99 P er tra P?’ can trade on mobile too. check it out. thx. Really? Let me
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      10 34 JAPAN DRAW Japan allures again for private equity PAGE 33
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