The Business Times, 29 March 2014

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Microfilm: NL33076
Total Pages: 40
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 week nd THE BUSINESS TIMES www.businesstimes.com.sg MARCH 29-30, 2014 S$1.00 MCI (P) 086/08/2013 Sfjl A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • Article, Illustration
    Lock icon Beyond the earthly hour
    970 1  -  Organisers of lights-out event Earth Hour hope to turn it into a global movement for change By Raphael Lim raphlim@sph.com.sg Singapore AT 8.30pm tonight, buildings in more than 7,000 cities across at least 157 countries will turn off their lights for 60 minutes as part of
    PHOTO: MARK CHEONG/THE STRAITS TIMES  -  970 words
  • Article, Illustration
    Lock icon S’pore not necessarily the ‘costliest city’
    721 1  -  Appreciation in exchange rate big factor in rise in living costs for expats: ACI By Kara Quek karaquek@sph.com.sg Singapore THE steady appreciation of the Singapore dollar was a significant contributing factor to Singapore being ranked first in living costs for expatriates, according to a
    Source: NUS  -  721 words
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  • TOP STORIES
    • Article
      Lock icon Japan consumer prices in 9th straight rise
      653 2  -  February increase of 1.3% lifts hopes that the economy is keeping deflation away By Anthony Rowley btworld@sph.com.sg Tokyo CONSUMER prices in Japan maintained their upward trend in February for a ninth consecutive month, buoying hopes that the world’s third-largest economy is defying 15
      653 words
    • MARKETS
      • Article
        Lock icon STOCKS
        60 2 GSTI 3,172.17 (+9.71) GSTI FUTURES 3,172.00 (+10.00) GSIMSCI 357.82 (+0.99) GSIMSCI FUTURES 358.30 (+1.10) STOCKS Friday Change KL COMP 1,850.73 +3.86 NIKKEI 225 14,696.03 +73.14 HANG SENG 22,065.53 +231.08 SET 1,368.90 +12.95 JAKARTA 4,768.28 +45.22 MANILA 6,359.62 +43.93 KOSPI 1,981.00 +3.03 SHENZHEN B 817.69 -1.88 MUMBAI IND 22,339.97 +125.60
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.303 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.262 (US$/S$ per 1.663 2.098 EURO (US$/S$/€ 1.373 1.732 Foreign currency per US$ S$ YEN 102.10 80.90 RM 3.274 2.594 HK$ 7.758 6.147 BAHT 32.53 25.78 RUPIAH 11,378 9,015 RENMINBI 6.207 4.918 INDIAN RUPEE 60.09 47.61 A$ 1.079 0.855 NZ$ 1.151 0.912
        49 words
    • Article
      Lock icon Singapore has many key attributes that few others can speak of: PM
      728 3  -  The Republic has a First World system in a complicated part of the world By Lee U-Wen leeuwen@sph.com.sg London WHEN asked during a dialogue to describe Singapore’s USP or unique selling point to the world, Prime Minister Lee
      728 words
    • Article, Illustration
      Lock icon PM Lee takes a different Route through the heart of London
      581 3  -  By Lee U-Wen leeuwen@sph.com.sg London BEFORE he got down to yet another full day of meetings and functions yesterday, Prime Minister Lee Hsien Loong hopped on board an iconic red London bus for a short tour of the city.
      PHOTO: STEPHANIE YEOW/THE STRAITS TIMES  -  581 words
    • Article, Illustration
      Lock icon Life-changing crisis for MAS CEO
      1025 4  -  SATURDAY SOAPBOX Anita Gabriel anitag@sph.com.sg Senior Correspondent UP until March 8, Malaysia Airlines boss Ahmad Jauhari Yahya was immersed in a painful task inherited from his predecessors to stem the airline’s staggering losses and lead it back to profitability. Now, the 59-year-old lean-built triathlete possibly
      1,025 words
    • Article, Illustration
      Lock icon Nadella signals new course with Office for iPad
      761 6 Microsoft’s new CEO indicates plans to make mobile apps top priority Reuters San Francisco MICROSOFT Corp’s new chief executive officer, Satya Nadella, finally unveiled Office for Apple Inc’s iPad in a polished debut that set him apart from his energetic predecessor while
      Reuters; PHOTO: BLOOMBERG  -  761 words
    • Article
      Lock icon Li Keqiang says Beijing ready to support economy
      508 6 Premier reassures investors that the govt has policies in place Reuters Beijing CHINA’S Premier Li Keqiang has sought to reassure jittery global investors that Beijing was ready to support the cooling economy, saying that the government had the necessary policies in place
      Reuters  -  508 words
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      Lock icon Page 2 Advertisements Column 1
      50 2 CONTENTS NEWS Top Stories 2-6 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-15 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 LIVING Cover Story L2-4 Design L5 Dining L6-8 Travel L8-9 Style L10-12 Home Garden L13 Motoring L14-15 Sports L16 Househunt 30 Real Estate 31
      50 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      28 2 Own If you're looking fora landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      28 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      75 2 SINGAPORE -SWEEP1 st prize $2,300,000 2 nd p R ZE 3 rd PRIZE $500,000 $250,000 9 sets of 2D winning numbers (315,000 prizes, each $6) 3. f fJ SMGAPQBc -SWEEP0 Draw No 04/2014 S3 *****40 a *Da te w Draw ftp, B ;2014*Mfl2B (*WDRAW ON WEDNESDAY, 2 APR 2014 p
      75 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      41 4 Rn Big B2 JTC Factory Tuas D22 Ttt Land size: 236,000 sq feel jTenure: 28 years sUB Building: 166,267>sq feet: Plot Ratio 1.4 JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg
      41 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      364 5 SMART |nvestment 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 FREE ENTRY*REGISTER NOW STARTS TODAY Free Investment Tips Great Overseas Property Deals Under One Roof! Compare and Contrast the Most Viable
      364 words
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      Lock icon Page 7 Advertisements Column 1
      2101 7 Q NEWTOWN CHINA NEW TOWN DEVELOPMENT COMPANY LIMITED (Incorporated as a company limited by shares under the laws of the British Virgin Islands) (Company Registration Number: *****73) Singapore Stock Code: D4N.si Hong Kong Stock Code: 1278 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Mapping the future
      2868 8 / 9  -  Jack Dangermond, founder of Esri, the market leader in geographic info systems, says passion and good old-fashioned business values are behind the company’s success. By Anna Teo By Anna Teo anna@sph.com. sg JACK Dangermond is one of the world’s most influential people who isn’t a household name.
      PHOTO: ESRI  -  2,868 words
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  • COMPANIES
    • Article
      Lock icon Asia Fashion comes under pressure
      930 10  -  Shares fall 15% on subsidiary’s involvement in compensation claims; chairman of audit board quits; PwC to review China units By Angela Tan angelat@sph.com.sg Singapore THE share price of Asia Fashion Holdings, a maker of functional knitted fabrics, fell about 15 per cent to 5.3 cents
      930 words
    • Article, Illustration
      Lock icon SIA increases stake in Virgin Australia to 22.17% for A$30.4m
      326 10  -  By Lisa Lee lisalcc@sph.com.sg Singapore SINGAPORE Airlines has raised its stake in Virgin Australia Holdings Ltd (VAH) to 22.17 per cent from 19.83 per cent for a total consideration of A$30.4 million (S$35.5 million). The acquisition makes SIA VAH’s second
      PHOTO: BLOOMBERG  -  326 words
    • Article, Illustration
      Lock icon BlackRock sees good year for commodity stocks
      836 11  -  Better management, cashflow, dividend yields boosting the sector By Cai Haoxiang haoxiang@sph.com.sg Singapore VARIOUS signs are pointing to commodity stocks doing better this year, said asset manager BlackRock’s global head of commodities Evy Hambro. The sector might have bottomed out last June, he
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    • Article
      Lock icon CapitaLand secures 60% stake in Chengdu sites
      456 11  -  By Lynette Khoo lynkhoo@sph.com.sg Singapore IN A move to deepen its presence in China, CapitaLand has secured a 60 per cent stake in two adjacent prime residential sites in the New Southern Area of Chengdu in Sichuan province. This interest is acquired through
      456 words
    • Business briefing
      • Article
        Lock icon Qualified audit opinion issued on China Sky
        56 11 CHINA Sky Chemical Fibre’s auditors, Baker Tilly TFW LLP, have issued a qualified opinion on the company’s financial statements for the financial year ended Dec 31, 2012. In their independent auditor’s report, Baker Tilly cited China Sky’s opening balances and statutory records as
        56 words
      • Article
        Lock icon Gabon increases stakes in Olam joint ventures
        92 11 THE Republic of Gabon is increasing its stakes in its palm and rubber joint ventures with Olam with an additional $56.8 million in equity investment. When completed, Olam will own 60 per cent equity interest in both Olam Palm Gabon (OPG) and Olam
        92 words
      • Article
        Lock icon Second Chance Q2 profit slips 9.86%
        80 11 SECOND Chance Properties’ net profit slipped 9.86 per cent year-on-year from $3.02 million to $2.72 million for the second quarter ended Feb 28. Revenue for the three months, however, rose 3.93 per cent to $10.51 million from $10.12 million for the corresponding period a
        80 words
      • Article
        Lock icon Fang Ai Lian stepping down at Great Eastern
        39 11 FANG Ai Lian will step down as chairman of Great Eastern Holdings after the company’s annual general meeting on April 16. Board member and chartered accountant Norman Ip will succeed her.
        39 words
    • Article, Illustration
      Lock icon Jardine group, banks put STI back in the black
      636 12  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent IT TOOK almost three months, but better late than never the Straits Times Index yesterday rose 9.71 points to 3,172.17, pushing it about five points or 0.2 per cent into the black for the year-to-date.
      636 words
    • Article
      Lock icon STI STOCKS
      112 12 Stock name Close Change CapMallsAsia 1.765 +0.010 CapitaLand 2.820 +0.040 CapitaMall 1.895 +0.005 CityDev 10.02 +0.210 ComfortDelGro 1.955 -0.005 DBS Grp 16.08 -0.010 GLP 2.620 +0.020 Genting SP 1.330 +0.015 Golden Agri 0.580 -0.005 HK Land 6.490 +0.160 HPH Trust US$ 0.655 JMH 63.10 +1.240 JSH 34.78 -0.150
      112 words
    • Article, Illustration
      Lock icon OCBC closing in on Wing Hang buy after getting HKMA nod: sources
      526 12 Bloomberg Hong Kong OVERSEA-Chinese Banking Corp is nearing an agreement to acquire Wing Hang Bank Ltd, Hong Kong’s second-largest family-run bank, after securing preliminary approval from the city’s banking regulator, according to people familiar with the matter. The
      Bloomberg; PHOTO: BLOOMBERG  -  526 words
    • Article
      Lock icon TOP 20 ACTIVES
      208 12 VOL CLOSE Memstar 1 ,084,223 1 7 1 1 9 87 5 ICP 153,667 0 2 0 0 0 0 LionGo l d 101,595 1 4 2 0 3 2 2 HanKore 84,753 1 3 8 0 1 0 7 Federa l Int 81,467 3 5 0
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    • Article
      Lock icon TOP GAINERS
      65 12 BY CENTS CLOSE UP JMH 6310 156.4 2.0 DBXT Nifty 10US$ ***** 107.2 0.8 DBXT AUDCS 5US$ ***** 78.2 0.3 DBS Bk 4.7% NCPS 100 ***** 60.0 0.6 Lyxor AsiaCS 10US$ 5815 58.0 0.8 DBXT MSKorea 10US$ 6120 56.8 0.7 DBXT iBoxxKR 5US$ ***** 50.5 0.3 DBXT FTChina25
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    • Article
      Lock icon TOP LOSERS
      58 12 BY CENTS CLOSEDOWN DBXT EONIA 5US$ ***** -126.2 -0.5 DBXT iBoxxSvEu 5US$ ***** -35.3 -0.1 JSH 3478 -18.9 -0.4 DBXT S&P Short 10US$ 2556 -13.9 -0.4 Memstar 1.7 -11.9 -87.5 OCBC Bk 951 -11.0 -1.1 Lyxor US DJIA 10 US$ 1656 -6.3 -0.3 STI ETF 318 -6.0 -1.9
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    • Article
      Lock icon Interra Resources proposes bonus and piggyback warrants
      315 13  -  Move will potentially raise capital base and boost balance sheet, says company By Andrea Soh sandrea@sph.com.sg Singapore ONSHORE oil and gas producer Interra Resources is proposing a warrant issue to reward its shareholders and raise funds for the company. The firm will issue
      315 words
    • Article, Illustration
      Lock icon Neo Group’s earnings hit record high of $6.4m
      449 13  -  By Carine Lee carinel@sph.com.sg Singapore FOOD caterer NEO Group doubled its net profit for the fiscal year ended Jan 31, 2014, to hit a record high of $6.4 million, buoyed by robust revenue. Turnover rose 25.6 per cent year on year to
      LIANHE ZAOBAO FILE PHOTO  -  449 words
    • Article
      Lock icon Tianjin Zhong Xin Pharmaceutical’s earnings drop 12% to 352.3m yuan
      285 13  -  By Kelly Tay kellytay@sph.com.sg Singapore TRADITIONAL Chinese medicine group Tianjin Zhong Xin Pharmaceutical Group Corporation Ltd registered a 12 per cent year-on-year fall in net profit, from 399.9 million yuan (S$69.1 million) to 352.3 million yuan for the financial year
      285 words
    • Article
      Lock icon PSA Int’l profit up 13.4% at $1.43b
      271 13  -  By Kelly Tay kellytay@sph.com.sg Singapore BOOSTED partly by one-off income from asset disposals, PSA International’s (PSA) net profit for fiscal 2013 rose 13.4 per cent to $1.43 billion from $1.26 billion a year earlier. Revenue grew 3.3 per cent to $4.65 billion from
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  • SINGAPORE
    • Article, Illustration
      Lock icon IDA to double Wireless@SG hotspots
      533 14  -  Number will hit 10,000 by 2015 and then 20,000 by 2016 with aid given to SMEs to get onboard By Lisabelle Tan lisatan@sph.com.sg THE Infocomm Development Authority of Singapore (IDA) intends to double the number of Wireless@SG hotspots to 10,000 by 2015, and further double
      PHOTO: NG SOR LUAN/THE STRAITS TIMES  -  533 words
    • Article
      Lock icon SIT becomes fifth autonomous university
      338 14  -  By Goh Kang Shiong gohkangs@sph.com.sg THE Singapore Institute of Technology (SIT) was officially awarded the status of an autonomous university by the government yesterday, making it the Republic’s fifth autonomous university after the National University of Singapore, Nanyang Technological University, Singapore Management University and Singapore
      338 words
    • Article
      Lock icon Healthcare co-op takes off
      295 14  -  By Goh Kang Shiong gohkangs@sph.com.sg THE first healthcare cooperative which aims to promote health and wellness through a member-driven, collaborative model has been launched. Called The Good Life Co-op, the group led by geriatrician Carol Tan from Tophi Clinic at Mount Elizabeth Novena Specialist Centre plans
      295 words
    • Article
      Lock icon Customer satisfaction levels at record high
      429 15  -  But indices drop for finance and healthcare sectors By Jaira Koh jairakoh@sph.com.sg NATIONAL customer satisfaction levels across industries reached a record high last year, despite satisfaction levels having fallen in the finance and healthcare sectors. The 2013 Customer Satisfaction Index of Singapore (CSISG) released
      429 words
    • Article, Illustration
      Lock icon Consumer sector to add $2.1b in value, 2,400 jobs
      366 15  -  By Andrea Soh sandrea@sph.com.sg THE consumer businesses industry in Singapore will add $2.1 billion in value in the coming three years. Some 2,400 jobs are also expected to be created between this year and 2016, as momentum builds up in the
      366 words
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      Lock icon Page 15 Advertisements Column 1
      145 15 Venue: Cityluxe, #B2-64, No.8A Marina Boulevard, Marina Bay Link Mall, Singapore *****4 Tel: (65) 6634 9051 Website: www.cityluxe.sg Receive a complimentary Luxo Studio Pen from Cityluxe worth $38! (With min $50 purchase) Terms Conditions: While stocks last. Promotion valid at Cityluxe at Marina Bay Link Mall only. Terms Conditions: Not
      145 words
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      285 16 J r 1 r* H J J r. V SAMSUNG I 2:45 r Subscribe* now to The Straits Times All-in-One PLUS package for 36 months and receive a Samsung GALAXY Tab Pro (8.4" Display) LTE only $47.49 /month Available only to DBS and POSB Credit Card holders Samsung GALAXY I
      285 words
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  • WORLD
    • Article
      Lock icon Mega deals drive Q1 M&A activity up 54%
      661 17 Value of worldwide deals, including bids for Time Warner Cable and SFR, hits US$71 0b Reuters London A STRING of large transactions drove the value of global mergers and acquisitions (M&A) activity up by 54 per cent in the first quarter compared
      Reuters  -  661 words
    • Article, Illustration
      Lock icon Investors bet on business-friendly govt in India
      615 17 Foreign players pour over US$2b into stocks in two months NYT Mumbai JUST seven months ago, investors shunned the Indian markets because of growing concerns about the economy. The rupee hit a record low. Stocks plummeted. Now, investors are back in anticipation of
      NYT; PHOTO: AFP  -  615 words
    • Article, Illustration
      Lock icon Chicago Fed chief sees rate hike in second half of 2015
      443 18 Bloomberg Hong Kong FEDERAL Reserve Bank of Chicago president Charles Evans said the central bank will probably raise interest rates in the second half of next year and the timing will depend on the pace of inflation. “I do
      Bloomberg; BLOOMBERG FILE PHOTO  -  443 words
    • Article
      Lock icon China banks show resilience despite shrinking profit margins
      526 18 Slowing economy, debt overhang stoke concern over rise in non-performing loans Reuters Hong Kong CHINA’S biggest banks showed milder-than-expected signs of financial stress from loan defaults and shrinking profit margins, cheering investors even as the lenders posted their slowest profit growth since
      Reuters  -  526 words
    • Article
      Lock icon Court ruling a setback for LME’s reforms
      519 18 But decision creates a ‘perfect storm’ for CME’s aluminium bid Reuters New York A BRITISH court ruling that has set back the London Metal Exchange’s (LME) sweeping warehouse reforms has handed CME Group an unexpected windfall just weeks before it launches an audacious
      Reuters  -  519 words
    • Article
      Lock icon February consumer spending up 0.3%
      669 20 Rise is highest in three months, showing that economic momentum is returning as the US thaws after harsh winter LATEST US DATA Bloomberg Washington CONSUMER spending in the US rose in February by the most in three months as incomes increased, a sign that economic
      Bloomberg  -  669 words
    • Briefing
      • Article
        Lock icon BlackBerry posts Q4 loss of US$423m
        90 20 AFP Montreal The struggling smartphone maker BlackBerry yesterday reported a loss of US$423 million for the fourth quarter ended March 1, 2014, with revenues plummeting. The company said revenues fell to US$976 million for the quarter down from US$2.7 billion 12 months earlier. Sales
        AFP  -  90 words
      • Article
        Lock icon Sony Corp appoints new chief financial officer
        79 20 Bloomberg Tokyo Sony Corp, the maker of Xperia smartphones and tablets, named Kenichiro Yoshida as its new chief financial officer less than two months after forecasting a surprise 110 billion yen (S$1.4 billion) annual loss. Current CFO Masaru Kato will become vice-chairman from
        Bloomberg  -  79 words
      • Article
        Lock icon Vietnam to allow ETFs later this year
        105 20 Xinhua Ho Chi Minh City Vietnam will allow exchange-traded funds (ETFs), a form of modern derivatives products, to be used later this year in a fresh bid to attract investment inflow into the country, the State Securities Commission said yesterday. Vietnam’s stock market
        Xinhua  -  105 words
      • Article
        Lock icon India’s external debt rises in December to US$426b
        89 20 Reuters New Delhi India’s total external debt stood at US$426 billion at the end of December, up US$21.1 billion or 5.2 per cent from the end of March 2013, the finance ministry said in a statement yesterday. The rise in external debt
        Reuters  -  89 words
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      130 19 KOlii The Business Times CORPORATE GOLF LEAGUE presented by Audi i good THE EVENT NOT TO BE MISSED! i S c ft We’re Back For Our Fifth Year ■V.s-v Va: Sign up and discover a great platform to network with your partners and clients, as well as make new friends,
      130 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      7978 21 Transaction date: Mar 28 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.6 10.4 8Telecom 11.2 11.1 13 6.3 1.1 14.5 53.6 20 3.3 A-Sonic 10.5 unch 1107 10.9 10.5 10.5 10.7 2.6
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    • Article
      Lock icon SGX CATALIST
      1933 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 35 22 t 3Cnergy 500 31 28 35 30.5 28.5 19 t 800 Super 25 unch 89 25 25 25 25.5 3.2 4 7.8 44.7
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 2 0 0 0 8 5 2 Manufacturing 49 51 30 8 7 11 57 58 41 Commerce 25 12 24 5 3 4 30 15 28 Tpt/Stor/Comms 13 12 12
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      780 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 24 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) China Environment 27-Mar-14 Prosper Big Int'l Buy 112 0.45 288 0.04 400 0.06 China Environment 27-Mar-14 Huang
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,641 29,641 55,437 55,437 Manufacturing 1,396,881 269,200 1,666,081 166,883 5,260 172,143 Commerce 307,601 106,820 414,421 182,970 8,771 191,741 Tpt/Stor/Comms 82,230 2,639 84,869 138,815 324 139,138 Finance 24,276 197 24,473 193,471 69 193,540 Construction 39,050 60,015
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  • MARKETS
    • Article
      Lock icon LIFFE
      93 25 Mar 27 COCOA (£/tonne) Close Prev High Low May 14 1870 1875 1875 1862 Jul 14 1870 1875 1875 1862 Sep 14 1869 1874 1873 1862 Dec 14 1853 1859 1858 1847 COFFEE(US$/tonne) Close Prev High Low Mar 14 2143 2145 2160 2154 May 14 2083 2080 2092 2073
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    • Article
      Lock icon METALS
      66 25 Mar 28 GOLD(US$/oz) Mar 28 Mar 27 Hong Kong 1300.00 1301.00 Mar 27 Mar 26 London 1295.52 1303.50 1296.22 1304.35 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.40 24.62 Source: UOB PLATINUM Lon (US$/oz) Mar 27 Close Previous PM Fix 1404.00 1411.00 AM Fix 1406.00 1421.50 Source:
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Mar 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.198 1.141 Can dollar 1.166 1.122 Euro 1.777 1.693 Sterling pound 2.139 2.057 NZ dollar 1.122 1.079 US dollar 1.290 1.229 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        19 25 YTD change:+0.15% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 25 YTD change: -5.32% 52-week high: 24,111.55 on Dec 2,2013 52-week low: 19,426.36 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 25 YTD change: -3.51% 52-week high: 2,334.33 on May 29,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 25 YTD change: -9.79% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 11,805.78 on April 2,2013 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 25 YTD change:-1.88% 52-week high: 16,588.25 on Dec 31,2013 52-week low: 14,434.43 on April 5,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  25 words
    • Article
      Lock icon PALM OIL
      60 25 Mar 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 14 2722.0 2735.0 2733.0 2706.0 223 1820 May 14 2663.0 2674.0 2703.0 2660.0 5144 ***** Jun 14 2648.0 2655.0 2676.0 2643.0 ***** ***** Jul 14 2632.0 2640.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      85 25 Mar 28 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 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.22 5-Year NX*****W 2.5 01-Jun-19 104.83 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Mar 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1689 1.1699 0.9265 0.9266 Canadian dollar 1.1463 1.1476 0.9089 0.9086 Euro 1.7314 1.7333 1.3724 1.3728 NZ dollar 1.0956 1.0968 0.8684 0.8687 Sterling pound 2.0972 2.0993 1.6623 1.6627
      155 words
    • Article
      Lock icon CHICAGO BOT
      104 25 Mar 27 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 14 1436.50 1440.00 1450.50 1430.50 Jul 14 1407.00 1410.00 1418.75 1401.00 Aug 14 1347.50 1348.75 1356.00 1340.25 Sep 14 1248.50 1251.25 1256.00 1242.50 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low May 14 40.43 40.73 41.10 40.40
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      68 25 Mar 27 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 107.44 0.75 WTI (Near Mth) 101.33 1.09 Dubai (1-Mth F) 103.93 0.17 Tapis blend 110.91 -0.49 Minas 106.91 -0.49 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.89 0.11 Jet Kerosene 119.59 -0.29 US$/barrel OpecOil Basket Price 103.79
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      72 25 Mar 27 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1695.50 1685.50 3 months 1738.00 1729.00 Copper, Grade A (US$/tonne) Cash 6572.00 6510.50 3 months 6561.50 6510.00 Lead (US$/tonne) Cash 2044.75 2041.75 3 months 2067.00 2066.00 Nickel (US$/tonne) Close Previous Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Mar 27 Index Change Change Change Change Change Change World Preliminary 1175.9 -0.2 -0.7 -0.4 -0.4 -0.1 -0.5 EAFE Preliminary 936.7 0.0 -2.0 -0.3 -1.0 0.0 -1.2 Europe Preliminary 1359.7 -0.1 0.4
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  • PERSPECTIVE
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      Lock icon Creative cities in a spiky world
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      PHOTO: AFP; PHOTO: BLOOMBERG  -  1,400 words
  • Page 26 / 27 Miscellaneous
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      340 26 / 27 SATURDAY with Ludwig ‘Thanks to rumours of mandatory Kim Jong-un haircuts for North Koreans CRYPTIC CROSSWORD Across 1 Harvey’s struggling he’s lacking change (4) 3 Biscuit, Western fare cooked (5) 6 Select participant in Olympic kayaking (4) 8 The precise item (8,7) 9 Leg ring available if required (2,4) 10
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  • Wealth
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        Lock icon Value investing: Not an easy way
        1255 28 / 29  -  Brandes Investment Partners founder’s investment approach adheres to the principles laid down by the father of value investing, Benjamin Graham Genevieve Cua gen@sph.com.sg Personal Finance Editor INVESTMENT management is frequently taken up with the “new new thing” but for Charles Brandes, founder of US-based
        Source: Worldscopevia FactSet, The Brandes Institute, as at 6/30/12  -  1,255 words
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        702 28 / 29  -  Compiled by Joyce Hooi CSE Global Buy OCBC Investment Research, March 28 Close: $0.59 FOCUSING largely on the oil-and-gas sector: Following the successful divestment of CSE Global’s entire shareholding interest in Servelec Group last December, we believe management will focus on driving its growth largely from the oil-and-gas
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        1031 30 PROPERTY TRANSACTIONS BETWEEN FEBRUARY 12 AND 18, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED 76 Shenton Apt 14/02/2014 99 592 1160 1959 Spottiswoode Suites Apt 17/02/2014 FH 441 1265 2866 District 4 NON-LANDED Corals At
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        Lock icon Completed condo prices slip in February
        568 31  -  NUS Index shows shoebox units falling the most at 1 analysts cite waning demand for resale homes, especially in central region By Lynette Khoo lynkhoo@sph.com.sg Singapore PRICES of completed non-land-ed private homes continued their slide last month, going by the flash estimates of the
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        Lock icon Lifting of UK pension fund curbs seen boosting property market
        593 31 Bloomberg London CHRISTINE Reid punched the air when she heard that Britain plans to tear up the limits on what people can do with their pension savings. Instead of relying on a “paltry” income, she can now invest in property.
        Bloomberg  -  593 words
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        Lock icon Seletar Mall gets BCA Green Mark Gold Award
        342 31  -  By Mindy Tan tanmindy@sph.com.sg Singapore THE Seletar Mall, slated to open with an eclectic mix of retail, dining and lifestyle offerings at the end of this year, has been awarded a Gold in the BCA Green Mark Award by the Building and
        342 words
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      186 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX, THE JURA. FOR MILLENIA, A HARSH, UNYIELDING ENVIRONMENT A PLACE OF RAW NATURE AND UNFORGIVING CLIMATE. FIRST SETTLED IN THE SIXTH CENTURY BY MONKS WHO SAW IN THIS AUSTERE EXISTENCE A SERENITY AND SPIRITUALITY; MORE RECENTLY, SINCE
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      69 1 Living DESIGN Shabby chic of designer Paola Navone L5 BT THE BUSINESS TIMES WEEKEND MARCH 29 30 2014 DINING/ TRAVEL Japan’s izakaya culture L8-9 STYLE Be a wrap star L10-11 IT’S A SMALL WORLD Savvy entrepreneurs are changing the face of travel by offering a more personalised experience L2-4 PHOTO:
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  • BT Living
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      Lock icon HOMING IN ON TRAVEL
      798 2 / 3  -  BT Weekend tracks down savvy travel entrepreneurs who are ditching big mainstream tours for smaller, more personalised experiences both in Singapore and abroad By Tay Suan Chiang Withlocals www.withlocals.com DUTCH brothers Marijn and Willem Maas have visited Singapore before, and know there is much more to
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      Lock icon Big on small tours packed with value
      496 2 / 3  -  By Rachel Loi rachloi@sph.com BeMyGuest http://bemyguest.com.sgZ6743 9812 PLANNING your own itinerary on a holiday can be a very tedious thing to do. Any globetrotter would know the frustration of trying to navigate a poorly constructed travel website, while hoping the next link you
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      Lock icon Waxing lyrical over city spaces
      521 2 / 3  -  By Rachel Loi Musicity http://musicity.info Ticketed performances: From $20 to $30; go to www.eventnook.com/event/musicitysingapore2014 to purchase tickets PICTURE this: The next time you go to Tiong Bahru Market and order your favourite plate of chwee kueh, you can complement the experience by listening to an
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      Lock icon Social dining of Plate Culture
      692 4  -  By Cheah Ui-Hoon uihoon@sph.com.sg Plate Culture www.PlateCulture.com PEOPLE are already sharing accommodation and carpooling, so why not share meals at one another’s homes? Social dining, rather than private dining, could well be the next big thing when websites like Plate Culture take off. Plate Culture’s
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      Lock icon BonAppetour’s hosts with the mostest
      621 4  -  By Tay Suan Chiang taysc@sph.com.sg BonAppetour www.bonappetour.com WHO knew that the simple desire for a home-cooked meal could spark a business idea? For Inez Wihardjo, a final-year engineering student, and fourth-year chemical engineering student, Rinita Vanjre Ravi, that was how BonAppetour, a startup that lets
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    • DESIGN
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        990 5  -  Paola Navone trained as an architect and says that she did not plan on becoming a designer. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg IN a field dominated by men, Paola Navone is a breath of fresh air. The 64-year-old Italian is an architect, product
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    • DINING
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        Lock icon Vinous beginnings augur well
        1343 6 / 7  -  When Korean-born Belgian chef Sang-Hoon Degeimbre set up his own place, L’Air du Temps, he drew inspiration from what he knew best then wine. By Debbie Yong guest chef By Debbie Yong debyong@sph.com.sg WHEN Sang-Hoon Degeimbre got his first job in the restaurant industry close to
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        Lock icon Seafood seduction
        159 6 / 7  -  By Chew Hui Yan hychew@sph.com.sg TWO local chefs are also offering their own modern Chinese menus as part of the World Gourmet Summit. At Orchard Hotel, Hua Ting restaurant head chef Lap Fai offers two menus priced at $118++ and $138++. Check out his elaborate creations including a
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        333 6 / 7  -  By Chew Hui Yan hychew@sph.com.sg ASIAN food gets a contemporary twist at this year’s World Gourmet Summit at the hands of visiting chefs Kenny Fu and Arron Huang from China and Taiwan respectively. Chef Fu, culinary consultant of My Humble House in Beijing, has
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    • DINING/TRAVEL
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        Lock icon Suntory’s spirited strategy
        1440 8 / 9  -  Canny planning has helped change the image of staid old whisky for a new generation. By Jaime Ee ~The writer was a guest of Beam Global and Suntory Japan THEY’RE smoky. Stuffy. Chaotic. Elbow room is a luxury, social niceties an afterthought and the food deliberately oversalted.
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    • STYLE
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        Lock icon WRAP STARS
        1125 10 / 11  -  Printed scarves may not be go-to accessories in the tropics, but a group of home-grown retailers are poised to turn the old-school multitasker into a style staple here. By May Yip By May Yip I T could be worn as a halter, neckerchief or turban; never goes out
        . PHOTOS: ERA ORA; PHOTOS: MAD ABOUT HUE  -  1,125 words
    • HOME & GARDEN
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        992 12 / 13  -  A 40-year-old semi-detached house in Upper Thomson is re-imagined with glass instead of bricks to blur the lines between the great outdoors and the cosy home within. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg IT sounds insane to buy a house just by viewing
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    • MOTORING
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        533 14  - COOL GREEN The futuristic-looking Renault Twizy is not your usual electric vehicle. By Samuel Ee samuelee@sph.com.sg PERSONAL mobility has never been cooler or more comfortable. The Renault Twizy is a plug-in electric quadricycle that seats two in tandem like on a motorcycle but has all the comfort and useability of
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        635 15  -  With its styling and safety features, the new Mercedes-Benz C-Class could pass for a mini S-Class. By Samuel Ee samuelee@sph.com.sg THE good news about the new Mer-cedes-Benz C-Class is how radically improved it is. The bad news, especially for current owners of this compact sedan, is how
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    • SPORTS
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        Lock icon End of the road for Moyes?
        908 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent WHAT a difference a space of just 10 months makes. Last May, Manchester United was riding high in the English Premier League. As the club’s long-serving manager Alex Ferguson bowed out of the sport on a high
        PHOTOS: AFP, REUTERS  -  908 words
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      1131 6 / 7 wine dine with BTWeekend Bridal Showcase Marina Mandarin 6 Raffles Boulevard Z6845 1018 A lifetime of happiness begins at Marina Mandarin Singapore with your bespoke wedding planned to perfection. Enjoy the numerous privileges, thoughtfully accentuated in your customised package by your personalised wedding planner. Marina Mandarin Ballroom, Level 1, April
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      216 12 / 13 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer www.shsccentre.com Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or
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