The Business Times, 5 April 2014

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Microfilm: NL33108
Total Pages: 42
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg OAPRIL 5-6, 2014 S$1 .00 MCI (P) 086/08/2013 A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article
    Lock icon Business as usual: affected firms
    40 1 CAD PROBE BUT no one’s convinced. Fund raising plans have been scrapped or cut down, big buys shelved or left hanging and many investors have stomped out since the penny stock crash last October. 4
    40 words
  • Article
    Lock icon SingTel unveils World Cup deals
    40 1 TV PACKAGES ANYONE who signs up for or extends a mio TV Gold Pack or mio stadium+ contract for 24 months will get the World Cup matches which start on June 12 for free. 7
    40 words
  • Article
    Lock icon 2 in 5 workers want to retire at 55
    45 1 EARLY BIRDS SURVEY finds that respondents would be motivated to work longer if their workplace offered a more relaxed schedule (48 per cent), friendlier atmosphere (37 per cent) and fewer work hours (34 per cent). 14
    45 words
  • Article
    Lock icon Sands reviewing junkets in Macau
    31 1 CASINO SPOTLIGHT THE move may lead to a shakeout among the middlemen who account for two-thirds of the betting in the world’s largest casino hub.| 20
    31 words
  • Article, Illustration
    Lock icon Solid job-growth pace maintained in March
    762 1 LATEST US DATA Bloomberg Washington EMPLOYERS in the United States boosted payrolls in March and the unemployment rate held at 6.7 per cent even as more Americans entered the labour force, showing steady progress that may prompt Federal Reserve policymakers to continue reducing stimulus
    Bloomberg; PHOTO: REUTERS  -  762 words
  • Article, Illustration
    Lock icon Leasing letdown
    623 1  -  After experiencing an initial spike in demand for car leasing, distributors now find most buyers prefer not to choose this route to motoring By Samuel Ee samuelee@sph.com.sg Singapore Distributors who jumped on the car-leasing bandwagon last year are seeing the business hit a speed bump owing to cultural
    FILE PHOTO  -  623 words
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      30 1 the business www. usinesstimes.com. THE RAFFLES CONVERSATION BRITISH TELECOM CEO GAVIN PATTERSON 8-9 MOTORING The elegant Jaguar F-Type Coupé l15 WEALTH Common myths about investing 28-29 LIVING Razzle-dazzle hotel revampsL2-4
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        60 2 HSTI 3,212.72 (-7.34) HSTI FUTURES 3,186.00 (-7.00) HSIMSCI 363.42 (-0.33) HSIMSCI FUTURES 360.20 (-1.50) STOCKS Friday Change KL COMP 1,856.61 +0.98 NIKKEI 225 15,063.77 -8.11 HANG SENG 22,510.08 -55.00 SET 1,392.01 +0.79 JAKARTA 4,857.94 -33.38 MANILA 6,561.20 -25.88 KOSPI 1,988.09 -5.61 SHENZHEN B 834.73 +0.80 MUMBAI IND 22,359.50 -149.57
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.306 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$) 1.265 (US$/S$ per 1.659 2.097 EURO (US$/S$/€ 1.370 1.732 Foreign currency per US$ S$ YEN 103.90 82.20 RM 3.281 2.595 HK$ 7.757 6.134 BAHT 32.55 25.74 RUPIAH 11,318 8,950 RENMINBI 6.215 4.915 INDIAN RUPEE 60.24 47.63 A$ 1.082 0.856 NZ$ 1.171 0.926
        49 words
    • Article, Illustration
      Lock icon Legal tangles add to woes of half the execs under investigation
      983 4  -  Affected firms try to convince market business is as usual, but realities tell something else CAD PROBE By Anita Gabriel anitag@sph.com.sg Singapore THE companies in the news over the probe by the Commercial Affairs Department (CAD) are eager to
      983 words
    • Article, Illustration
      Lock icon Global air passenger traffic up 5.4% in February
      450 5  -  Capacity grows 5.2%; Asia-Pacific carriers see growth moderating to 4% By Nisha Ramchandani nishar@sph.com.sg Singapore IN line with the stronger economic growth this year, global passenger traffic expanded 5.4 per cent year on year in February, though it eased from the 8.2
      PHOTO: BLOOMBERG  -  450 words
    • Article, Illustration
      Lock icon MH370 backlash could hurt Singapore, Malaysia tours
      586 6  -  Operators say demand for combined tours will depend on how situation plays out By Sheena Tan tsheena@sph.com.sg Singapore DEMAND for inbound tours featuring Singapore and Malaysia could see some ripple effect, following the backlash that Malaysia has received in China following the missing
      PHOTO: AFP  -  586 words
    • Article
      Lock icon US Navy ‘black box’ detector joins ocean search
      227 6 AFP Perth A US Navy “black box” detector made its much-anticipated debut in the oceanic hunt for flight MH370 yesterday but Australia’s search chief warned that it was crunch time with the box’s signal set to expire soon. The Australian naval vessel
      AFP  -  227 words
    • Article, Illustration
      Lock icon SingTel unveils 2014 World Cup deals
      672 7  -  Free access for new or 24-mth extension of mio TV Gold Pack or mio stadium+ contract By Joyce Hooi joyceh@sph.com.sg Singapore SINGTEL’S bid for even more market share has begun in earnest, with the 2014 Fifa World Cup Brazil matches going on sale and
      PHOTO: REUTERS  -  672 words
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      266 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14, 16 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Design L2-5 Style L6-7 Dining L8-11 Style L12 Health L13 Motoring L14-15 Golf L16 Real Estate 31 THE SOUND VISION
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    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      24 2 One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-*****88
      24 words
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  • Page 5 Advertisements
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      163 5 SINGAPORE PREVIEW BONHAMS 2014 SPRING HONG KONG AUCTIONS Friday 11 April, 10am to 8pm Saturday 12 April, 10am to 7pm The Regent, Singapore Level 2, Tanglin Room 1 Cuscaden Road Singapore *****5 SINGAPORE ENQUIRIES Bernadette Rankine bernadette.rankme@bonhams.com +65 9892 3769 +65 9139 3215 +65 9863 7793 Bonhams Singapore 11th Floor,
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      Lock icon Page 6 Advertisements Column 1
      31 6 Ivwl $1.6 MILLION Estimated Draw on Mon, 7 Apr 2014 at 6.30pm For details, visit www.singaporepools.com.sg p Always play with care responsibly] Do not bet illegally. RGB Reg No: *****0202G m
      31 words
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      94 7 ir b 5 7m SB WS m 1 THE PEAK fa CAIRNHILL ONE COVETED ADDRESS, AN ELITE WORLD OF PRESTIGE. Nestled in the heart of Orchard Road, The Peak Cairnhill I showcases grace and luxury. I PARTY i We're most pleased to invite you to An Exclusive French High Tea
      94 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Unbuttoning British Telecom
      2366 8 / 9  -  With his marketing prowess and easy informality, Gavin Patterson sets a new direction for the grand old lady of communications in a brave new world of Infocomm Technology. By Amit Roy Choudhury By Amit Roy Choudhury amit@sph.com.sg LAST year, in an article about Gavin Patterson, the CEO
      PHOTO: ARTHUR LEE  -  2,366 words
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  • COMPANIES
    • Article, Illustration
      Lock icon It’s not just about the money, governance panellists say
      625 10  -  Companies, execs at S’pore Scorecard launch urged to remember the human element By Kenneth Lim kenlim@sph.com.sg Singapore IT’S NOT just about the money, corporate governance experts and top executives said yesterday at the launch of the Singapore results of the Asean
      Source: Asean Corporate Governance Scorecard  -  625 words
    • Article
      Lock icon Temasek offer for Olam to close on May 9
      350 10  -  By Andrea Soh sandrea@sph.com.sg Singapore TEMASEK Holdings’ unit, Breedens Investments, yesterday released its offer document relating to its bid for Olam International, giving shareholders until 5.30 pm on May 9 to accept its cash offer of $2.23 a share. But if
      350 words
    • Article
      Lock icon Blumont gets more time to find new director
      474 11  -  Problem finding a replacement after resignation of ID Ng Su Ling By Andrea Soh sandrea@sph.com.sg Singapore BELEAGUERED Blumont Group has been given more time to find someone to replace previous independent director (ID) Ng Su Ling. The firm was required to find
      474 words
    • Article
      Lock icon MF Global starts final distribution to meet 100% of customer claims
      328 11 Bloom berg New York MF Global Inc, the defunct brokerage once led by Jon Corzine, has begun final distributions to fully satisfy US$6.7 billion in claims from former customers, starting yesterday and lasting several weeks, the trustee overseeing the
      Bloomberg  -  328 words
    • Article
      Lock icon Albedo’s auditors steer clear of opinion
      384 11  -  By Andrea Soh sandrea@sph.com.sg Singapore EVEN as the fate of Albedo’s proposed reverse takeover (RTO) deal hangs in the air, its auditors have cast a question mark over an accounting matter. Foo Kon Tan Grant Thornton LLP is not expressing an opinion on Albedo’s
      384 words
    • Business briefing
      • Article
        Lock icon UIC’s SingLand offer ‘fair, reasonable’
        65 11 THE independent financial adviser to Singapore Land’s (SingLand’s) directors stood by its opinion that the offer by UIC Enterprise is “fair and reasonable”, after a query from SGX on whether it took into consideration the offer price’s 33.1 per cent discount to SingLand’s net tangible
        65 words
      • Article
        Lock icon Oxley may restructure overseas business
        69 11 OXLEY Holdings said it is exploring the possibility of restructuring the group’s business, in particular its property develop- ment business outside Singapore (including its first London residential project Royal Wharf). The study will include the feasibility of listing such an overseas property development business on
        69 words
      • Article
        Lock icon New associate firm for Noble Group
        62 11 NOBLE Group said yesterday that its wholly owned subsidiary, Noble Americas Gas Power Corp, now holds approximately 28.29 per cent of the issued total Class Units in Inflection Energy, for an aggregate consideration of US$71.44 million, paid for in cash and funded from internal
        62 words
      • Article
        Lock icon Auditor flags JES going-concern issue
        72 11 THE auditor for shipping firm JES International has flagged the existence of a material uncertainty that may cast a “significant doubt” about the group’s ability to continue as a going concern. BDO LLP said the group’s current liabilities exceeded its current assets by 422.6 million
        72 words
    • Article, Illustration
      Lock icon Spotlight on CAD probe, Noble, Wing Hang deal
      688 12  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent THE Straits Times Index may have risen 40 points or 1.3 per cent to 3,212.72 this week, but grabbing most of the attention was news that the Commercial Affairs Department (CAD) is investigating several highly placed
      688 words
    • Article
      Lock icon STI STOCKS
      106 12 Stock name Close Change CapMallsAsia 1.755 CapitaLand 2.960 CapitaMall 1.955 CityDev 10.36 +0.060 ComfortDelGro 2.030 DBS Grp 16.55 +0.040 GLP 2.630 Genting SP 1.315 -0.010 Golden Agri 0.590 HK Land 6.490 -0.110 HPH Trust US$ 0.660 -0.005 JMH 61.90 -0.450 JSH 35.60 -0.440 Jardine C&C 47.75 +0.550 Keppel
      106 words
    • Article
      Lock icon OCBC has best paid chairman, lowest paid CEO among 3 local banks
      549 12  -  By Siow Li Sen lisen@sph.com.sg Singapore OCBC Bank chairman Cheong Choong Kong received $2.26 million last year, down 12 per cent from 2012, but he was still the best paid chairman among the three local Singapore banks. In
      549 words
    • Article
      Lock icon TOP 20 ACTIVES
      157 12 VOL CLOSE ICP 415,779 0.2 0.1 1 00.0 HanKore 1 26,568 13.3 0.3 2 3 ICP R 91,505 0.1 0.0 0 0 Memstar 72,268 1.4 0.1 6 7 Transcu Grp 54,202 0.2 0.0 0 0 Tritech Group W*****9 39,534 9 2.0 28 6 Tritech 35,487 26.5 2.0
      157 words
    • Article
      Lock icon TOP GAINERS
      63 12 BY CENTS CLOSE UP IS S&P500 ***** 379.4 1.6 DBXT AUDCS 5SG$ ***** 94.0 0.4 DBXT iBoxxKR 5US$ ***** 74.6 0.4 GLD 10US$ ***** 64.5 0.4 Jardine C&C 4775 55.0 1.2 DBXT AUDCS 5US$ ***** 49.3 0.2 DBXT AUD Bonds 5AU$ ***** 42.1 0.2 DBXT DBLCI-OY 5US$ 3464
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    • Article
      Lock icon TOP LOSERS
      61 12 BY CENTS CLOSEDOWN Lyxor Indonesia10US$ 8944 -110.0 -1.0 DBXT EONIA 5US$ ***** -103.7 -0.4 JMH 6190 -56.9 -0.7 JSH 3560 -55.6 -1.2 DBXT Nifty 10US$ ***** -43.0 -0.3 DBXT MSINDO 10us$ 1429 -39.2 -2.1 DBXT iBoxxSvEu 5US$ ***** -39.2 -0.1 Lyxor MS India 10US$ 1424 -39.2 -2.1 Lyxor
      61 words
    • Article, Illustration
      Lock icon Singapore targets investment in disruptive technologies
      683 13 These include 3D printing, automation and robotics: EDB Reuters Singapore SINGAPORE is hoping that building expertise in high-tech niches such as 3D printing and robotics will enable it to sustain a large manufacturing sector despite the exit of many labour-intensive industries to cheaper bases
      Reuters; ST FILE PHOTO  -  683 words
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      1261 13 CDW HOLDING LIMITED (Incorporated in Bermuda on 2 April 2004) (Bermuda Company Registration Number: *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of CDW Holding Limited (the “Company”) will be held at Kallang Room, Holiday Inn Singapore Atrium, 317 Outram Road, Singapore *****5
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  • SINGAPORE
    • Article
      Lock icon 37% of employees want to retire at 55: survey
      355 14  -  Bosses urged to strike a balance between keeping staff happy and maintaining productivity to ensure competitiveness By Vivien Shiao vshiao@sph.com.sg ALMOST two in five (37 per cent) employees in Singapore want to retire at the age of 55 seven years earlier
      355 words
    • Article, Illustration
      Lock icon 17 new sites for pre-school anchor operators
      451 14  -  By Kara Quek karaquek@sph.com.sg A TOTAL of 17 new sites have been allocated to the five preschool operators under the Early Childhood Development Agency’s (ECDA’s) Anchor Operator Scheme. The new sites will provide 1,700 more places for pre-school-ers, ECDA announced yesterday. PAP Community
      PHOTO: NEO XIAOBIN/ THE STRAITS TIMES  -  451 words
    • Briefing
      • Article
        Lock icon CCTVs coming to deter illegal parking
        141 14 CLOSED-CIRCUIT Television (CCTV) cameras will be operational in 10 locations from April 14 to deter illegal parking. The locations include Commonwealth Avenue West near Clementi MRT station, Serangoon Central near NEX mall and Bishan Road near Bishan MRT. The extended CCTV coverage follows a
        141 words
      • Article
        Lock icon Kazakh businessman promotes Expo 2017
        70 14 KAZAKH businessman and philanthropist Sapar Iskakov is in Singapore as part of his worldwide tour to promote Expo 2017, a world fair with the theme Future Energy that will take place in Astana, Kazakhstan. The five-month tour started in January. The 73-year-old Mr Iskakov wants
        70 words
    • Article, Illustration
      Lock icon Two sides to the silver coin
      961 16  -  Employers more receptive of mature workers, but still nurse their biases, say industry players By Sheena Tan tsheena@sph.com.sg EMPLOYERS are becoming more open to hiring mature workers, but are still hanging on to their old bias that such workers aren’t as productive, say recruiters
      FILE PHOTO  -  961 words
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      2137 15 CDW HOLDING LIMITED (Incorporated in Bermuda on 2 April 2004) (Bermuda Company Registration Number: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CDW Holding Limited (the “Company”) will be held at Kallang Room, Holiday Inn Singapore Atrium, 317 Outram Road, Singapore *****5
      2,137 words
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      227 16 NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF REECH AIM ASIA PTE. LIMITED Co. Reg. No. *****3714N Notice is hereby given pursuant to section 296 of the Companies Act (Chapter 50) that a meeting of the creditors of the
      227 words
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  • WORLD
    • Article, Illustration
      Lock icon Asia’s gas, power firms pair up to buy LNG
      920 17 This comes after regional gas importers fail to form group to win lower prices and less rigid contracts Reuters Seoul ASIAN gas and power companies are starting to pair up for joint purchases of liquefied natural gas (LNG) after more ambitious
      Reuters; PHOTO: BLOOMBERG  -  920 words
    • Article, Illustration
      Lock icon Political gridlock slowing US growth: Fed official
      656 18 Richard Fisher criticises politicians and their inability to cooperate Reuters Hong Kong POLITICAL gridlock is slowing US economic growth, impacting the confidence and budgets of businesses across the country, a top Fed official said here yesterday. Dallas Federal Reserve Bank president Richard Fisher
      Reuters; PHOTO: REUTERS  -  656 words
    • Article
      Lock icon US toughens inspections on China drug makers
      435 18 Reuters Washington THE US Food and Drug Administration (FDA) is increasing its supervision of Chinese manufacturers of pharmaceutical ingredients to improve the safety of the US drug supply chain, the director of the agency’s China office, Christopher Hickey, said. Mr Hickey was one
      Reuters  -  435 words
    • Article
      Lock icon Aussie pension funds turning to riskier assets in search of yield
      504 18 Reuters Sydney AUSTRALIAN pension funds are investing in riskier assets to overcome an embarrassment of riches they have too much money and too few investment opportunities. This not entirely unwelcome problem is the result of Australia’s mandatory pension contribution
      Reuters  -  504 words
    • Briefing
      • Article
        Lock icon Emerging markets business activity down in March: survey
        142 20 Reuters London Business activity across emerging markets fell for the fourth straight month in March, with output contracting in three of the four biggest economies, a survey showed yesterday. HSBC’s composite emerging markets index of manufacturing and services purchasing managers’ surveys slipped
        Reuters  -  142 words
      • Article
        Lock icon Alibaba founder buys stake in Shanghai software developer
        107 20 AFP Shanghai Jack Ma, the billionaire founder of Chinese e-commerce giant Alibaba, is to pay US$531 million for a stake in a domestic software developer for the financial industry, a statement said. Zhejiang Finance Credit Network Technology, which is owned by Mr
        AFP  -  107 words
      • Article
        Lock icon Schumacher showing signs of improvement
        133 20 AFP Grenoble Michael Schumacher has “moments of consciousness and awakening”, his spokeswoman said yesterday, in a sign of progress months after the Formula One legend suffered devastating brain injuries in a ski accident. Doctors put Mr Schumacher in a medically induced coma after the Dec
        AFP  -  133 words
    • Article, Illustration
      Lock icon Sands to step up scrutiny of junket operators in Macau
      492 20 It is asking operators to provide more information about their businesses Bloomberg Los Angeles LAS Vegas Sands is increasing scrutiny of Macau junket operators in a move that may lead to a shakeout among the middlemen who account for two-thirds
      Bloomberg; PHOTO: BLOOMBERG  -  492 words
    • Article
      Lock icon China’s 2013 current account surplus falls
      416 20 Reuters Beijing CHINA’S current account surplus was equivalent to 2 per cent of gross domestic product last year, down from 2.6 per cent in the previous year, official data showed, as the government seeks to reduce the economy’s reliance on external demand. China had
      Reuters  -  416 words
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      Lock icon Page 17 Advertisements Column 1
      345 17 Savour Paradise Inn’s 5-course individual set meal from $15.80 Venue: Paradise Inn, #B2-20 Marina Bay Link Mall, 8A Marina Boulevard, Singapore *****4 Tel: (65) 6634 8389 Website: www.paradisegp.com Promotional Offers: $15.80 INDIVIDUAL SET Traditional Double-boiled Soup of the Day Poached Chinese Spinach with Egg Trio and Minced Pork in Superior
      345 words
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      38 19 THE STRAITS TIMES '‘A; Lost =1 Untold stories of Four weeks after the plane vanished, The Straits Times brings you on the hunt in an interactive Web Special. Get special reports, videos and graphics. Log on to www.straitstimes.com/mh370-special
      38 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8074 21 Transaction date: Apr 4 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 11.6cd +0.3 9 11.6 11.6 11.5 12.9 6.3 1 15.1 55.6 20 3.3 A-Sonic 10.3 unch 640 10.4
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    • Article
      Lock icon SGX CATALIST
      1991 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 $mil 35 22 t 3Cnergy 500 31 26 35 30.5 28.5 19 t 800 Super 25 -0.5 10 25 25 25 25.5 3.2 4 7.8 44.7
      1,991 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 5 0 0 0 7 3 5 Manufacturing 59 49 38 4 10 11 63 59 49 Commerce 22 16 25 4 4 5 26 20 30 Tpt/Stor/Comms 14 19 7
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      792 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 31 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) CDW Hldg 02-Apr-14 Kunikazu Yoshimi Sell 930 0.14 2472 0.52 1542 0.32 Singapore Land 02-Apr-14 Silchester Int'l
      792 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,121 28,121 62,689 62,689 Manufacturing 301,864 572,761 874,625 132,419 3,783 136,202 Commerce 109,821 58,594 168,415 118,529 5,590 124,120 Tpt/Stor/Comms 79,940 3,706 83,646 137,809 500 138,309 Finance 41,365 167 41,532 176,925 55 176,979 Construction 63,849 20,551
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Apr 3 COCOA (£/tonne) Close Prev High Low May 14 1849 1845 1859 1843 Jul 14 1852 1846 1860 1845 Sep 14 1854 1848 1862 1847 Dec 14 1842 1837 1852 1837 COFFEE(US$/tonne) Close Prev High Low May 14 2016 2020 2028 2009 Jul 14 2014 2013 2023 2003
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    • Article
      Lock icon METALS
      66 25 Apr 04 GOLD(US$/oz) Apr 04 Apr 03 Hong Kong 1294.00 1293.00 Apr 03 Apr 02 London 1288.25 1292.30 1288.55 1292.95 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.70 24.92 Source: UOB PLATINUM Lon (US$/oz) Apr 03 Close Previous PM Fix 1436.00 1434.00 AM Fix 1439.00 1429.00 Source:
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Apr 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.194 1.138 Can dollar 1.166 1.122 Euro 1.774 1.690 Sterling pound 2.136 2.054 NZ dollar 1.106 1.064 US dollar 1.289 1.228 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:+1.43% 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: -3.42% 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: -2.70% 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: -7.53% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 12,075.97 on April 4,2013 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 25 YTD change: -0.02% 52-week high: 16,604.15 on April 3,2014 52-week low: 14,434.43 on April 5,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
    • Article
      Lock icon PALM OIL
      57 25 Apr 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 14 2680.0 2705.0 2685.0 2680.0 10 1415 May 14 2658.0 2678.0 2681.0 2658.0 1112 ***** Jun 14 2644.0 2658.0 2665.0 2632.0 ***** ***** Jul 14 2634.0 2646.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 25 Apr 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 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-16 101.2 101.25 101.25 5-Year NX*****W 2.5 01-Jun-19 104.71 104.85 104.80 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Apr 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1683 1.1689 0.9239 0.9243 Canadian dollar 1.1469 1.1477 0.9075 0.9070 Euro 1.7321 1.7326 1.3698 1.3701 NZ dollar 1.0794 1.0798 0.8536 0.8539 Sterling pound 2.0972 2.0977 1.6585 1.6588
      155 words
    • Article
      Lock icon CHICAGO BOT
      105 25 Apr 3 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 14 1475.25 1462.25 1480.75 1458.25 Jul 14 1454.25 1441.25 1457.00 1437.25 Aug 14 1373.25 1364.25 1377.50 1362.00 Sep 14 1255.25 1251.75 1261.50 1247.50 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low May 14 41.67 40.85 41.72
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      Lock icon OIL
      68 25 Apr 03 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 105.24 1.32 WTI (Near Mth) 100.34 0.70 Dubai (1-Mth F) 101.28 -0.79 Tapis blend 107.99 -0.72 Minas 104.29 -0.72 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.00 -0.67 Jet Kerosene 117.79 -1.08 US$/barrel OpecOil Basket Price 101.57
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      Lock icon LONDON METALS
      72 25 Apr 03 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1796.50 1789.75 3 months 1834.00 1829.50 Copper, Grade A (US$/tonne) Cash 6643.25 6676.00 3 months 6642.50 6675.00 Lead (US$/tonne) Cash 2031.50 2035.25 3 months 2055.00 2060.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/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 Apr 3 Index Change Change Change Change Change Change World Preliminary 1201.4 0.0 1.4 -0.1 1.4 -0.2 1.4 EAFE Preliminary 957.3 0.2 0.1 0.0 0.5 -0.1 0.5 Europe Preliminary 1384.5 0.1 2.2
      373 words
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  • PERSPECTIVE
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      PHOTOS: AFP, REUTERS  -  1,018 words
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      Lock icon Sandberg needs to run something, if not Facebook
      405 26 / 27  -  REUTERS BREAKINGVIEWS By Rob Cox THE time has come for Sheryl Sandberg to lean out of Facebook. Not because the social network’s chief operating officer (COO) has done a poor job quite the contrary. She was the adult supervisor as Mark Zuckerberg’s
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      356 26 / 27 SATURDAY with Ludwig Oh yeah? —My dad’s CPF is bigger than your dad’s CPF!’ CRYPTIC CROSSWORD Across 1 Opportunity to speak about rising tide causing great sadness (5-7) 9 Earned plenty but prepared to strike forcefully? (4,1,4) 10 A myth? Awful nonsense (2,3) 11 Turn of skill, seizing lout in
      356 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Common myths and mistakes in investing
        1821 28 / 29  -  Some myths may appear logical and consistent with common sense but they all suffer often fatal flaws WEALTH INSIGHTS Shane Oliver AMP Capital Investors ~The writer is head of investment strategy and chief economist, AMP Capital THE increasingly complex nature of investment markets leads
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        647 28 / 29  -  Compiled by Teh Shi Ning Midas Holdings Buy Maybank Kim Eng Research, April 4 April 4 close: $0.465 CHANGE is afoot in China’s railway industry following the government’s recent announcement of five railway construction projects worth 142.4 billion yuan. Also brewing are a possible reform of China Railway
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    • WEALTH REAL ESTATE
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        937 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN FEB 19 AND FEB 25, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 21/02/2014 99 614 1325 2160 District 3 NON-LANDED Ascentia
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        Lock icon MCL Land sells 180 units at Lakeville
        651 31  -  More city fringe projects expected to be launched in Q2, including Hong Leong’s Commonwealth Towers in May By Lynette Khoo lynkhoo@sph.com.sg Singapore MCL Land’s Lakeville project at Lakeside managed to move 180 units yesterday at an average price of $1,300 psf on its
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        Lock icon Royal Group ‘in talks to buy hotel in KL’
        260 31 Bloomberg Singapore ROYAL Group Holdings Pte, the closely held company that owns The Sentosa Resort Spa in Singapore, is in talks to buy a hotel in Kuala Lumpur from BlackRock Inc, according to a person with knowledge of the matter. The
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        Lock icon Microsoft relocating San Francisco offices
        445 31 Bloomberg San Francisco MICROSOFT Corp will move its San Francisco offices to the city’s largest tower as it relocates to the heart of the financial district from the technology-heavy South of Market area. The world’s biggest software maker will move in December to Vornado Realty
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      91 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. IN 1993, AUDEMARS PIGUET CHANGED THE WORLD OF THE SPORTS WATCH FOREVER. THE POWERFUL ARCHITECTURE OF THE ROYAL OAK OFFSHORE BECAME THE ULTIMATE STATEMENT IN PERFORMANCE HAUTE HOROLOGY. THE 2014 ROYAL OAK OFFSHORE COLLECTION MOVES THE GAME ON ONCE MORE; THE
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      54 1 LivingBTTHE BUSINESS TIMES WEEKEND APRIL 5 6 2014 DESIGN Japanese designer Oki Sato L5 RAZZLE-DAZZLE REVAMPS Three local hotels rejuvenate their brands L2-4 DINING Local food producers L8-10 PHOTO: ROOFTOP, THE SCARLET HOTEL DINING Poilane bakery’s delights L9 STYLE H&M’s eco-friendly couture L12 STYLE Haberdashery goes high-tech L6-7 MOTORING Rollouts
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  • BT Living
    • DESIGN
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        Lock icon Razzle-dazzle revamps
        2096 2 / 3  -  Three established hotels opt for makeover magic to add a new gloss to their brands. By Tay Suan Chiang taysc@sph.com.sg The Scarlet 33 Erskine Road www.thescarlethotels.com WHEN The Scarlet opened a decade ago, it was not for the faint-hearted. The boutique hotel was decked out in strong shades
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        Lock icon An element of surprise
        1071 5  -  Oki Sato believes in creating designs with a little twist so that people will have a moment. By Tay Suan Chiang taysc@sph.com.sg JAPANESE architect/designer Oki Sato believes there are similarities between a pet shop owner and a designer. His childhood ambition was to own a pet
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    • STYLE
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        1266 6 / 7  -  Online men’s tailoring stores offer digital services from scientific measurements based on skeletal structure to webcams for clients who want to look dapper without the downtime. By May Yip By May Yip FOR some, the height of luxury involves multiple consultations with a tailor, deciding on details
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        909 12  - Eco price friendly H&M has launched its third Conscious Exclusive collection of sustainable fashion that’s easy on the pocket too. By Corinne Kerk By Corinne Kerk IT’S a nice idea to wear fashionable clothes that are also environmentally sustainable. Only thing is, these clothes will cost a lot more. Or
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    • DINING
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        1387 8 / 9  -  The new generation of artisanal food makers are turning to social media to create a buzz for their homespun products. Debbie Yong looks at how the local craft food scene has undergone a hip revolution Debbie Yong debyong@sph.com.sg THEY’RE young, design-conscious and highly Internet-savvy and
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        Lock icon Cornucopia of local artisanal fare
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    • HEALTH
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        1432 13  -  The use of three-dimensional images of a Computed Tomography (CT) scan to visualise heart arteries is invaluable in providing a correct diagnosis Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of
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    • MOTORING
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        Lock icon SMALL WONDER
        631 14  -  The BMW 220i may be bigger than the car it replaces but it is still a small and fun coupe. By Samuel Ee By Samuel Ee samuelee@sph.com.sg I T has BMW’s familiar 2.0-litre turbocharged four-cylinder engine under the hood but in a brand new body that is small,
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        Lock icon Design coup
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    • GOLF
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        1031 16  -  While Tiger Woods will be missing, a field of 90 professionals and six amateurs will tee off at Augusta next week. By Justine Moss By Justine Moss WHEN next week’s edition of the US Masters tees off, this year’s first major will be missing a
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      984 4 wine& dine with BTWeekend Easter AquaMarine Marina Mandarin Singapore, Level 4 6 Raffles BoulevardZ 6845 1111 Celebrate Easter with family and loved ones over a sumptuous buffet spread with highlights such as seafood and chicken sharwarma marinated with organic honey and ginger. Complete the meal with freshly made crepes and
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