The Business Times, 10 April 2014

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Microfilm: NL33108
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, April 10, 2014
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  • Article
    Lock icon Temasek launches special-purpose vehicle
    702 1  -  Astrea II aiming for broader base of investors BY MICHELLE OUAH michquah@sph.com.sg [SINGAPORE] Temasek Holdings is spinning off more of its investments into a special-purpose vehicle (SPV) to reach a broader base of investors in the longer term. Also in the works from the Singapore investment
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  • Article, Illustration
    Lock icon M1 set to score on BPL, World Cup turf?
    699 1  -  MiBox close to meeting criteria to be eligible to cross-carry exclusive TV content By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] M1’s MiBox is closing in on the 10,000 subscribers needed to be eligible to cross-carry exclusive content such as the Barclays Premier League
    PHOTO: REUTERS  -  699 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,209.92 (+5.83) GST INDEX FUTURES 3,183.00 (+6.00) GSIMSCI 363.40 (+0.18) GSIMSCI FUTURES 359.60 (+0.20) US$ S$ US$ (S$ per US$) 1.249 (US$/S$ per 1.675 2.092 EURO (US$/S$/€ 1.380 1.724 Foreign currency per US$ S$ YEN 102.00 81.60 RM 3.228 2.584 HK$ 7.754 6.207 BAHT 32.22 25.79 RUPIAH
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    • Article
      Lock icon MARKETS
      46 1 Wednesday Change KL COMP 1,855.75 +3.44 NIKKEI 225 14,299.69 -307.19 HANG SENG 22,843.17 +246.20 SET INDEX 1,382.02 +2.68 JAKARTA COMP Closed MANILA COMP Closed SEOUL COMP 1,998.95 +5.92 SHENZHEN B 838.07 +2.70 MUMBAI IND 22,702.34 +358.89 12noon EDT Change DOW 16,315.45 +59.31 NASDAQ 4,141.76 +28.77
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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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      143 1 COMMENTARY Shale revolution huge implications for Asia PAGE 33 COMPANIES Ezion ties up with Ausgroup PAGE 8 MALAYSIA Bonia shares jump on strong ‘buy’ call PAGE 10 HOCK LOCK SIEW Is Cofco deal short-changing Noble shareholders? PAGE 5 PROPERTY 14th floor of Samsung Hub sold for $3,030 psf I PAGE
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      5 1 8 II *****1 II *****4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      454 2 M1 set to score on BPL, World Cup turf? M1’s MiBox is closing in on the 10,000 subscribers needed to be eligible to cross-carry exclusive content such as the BPL and World Cup matches. FRONT PAGE Temasek launches special-purpose vehicle TEMASEK Holdings is spinning off more of its
      454 words
    • Article
      Lock icon ICBC S’pore sees jump in yuan clearing volumes
      496 2  -  Plan to roll out yuan futures products will boost S’pore as offshore yuan hub BY SIOW LI SEN |isen@sph.com.sg [SINGAPORE] ICBC Singapore has seen explosive growth in its yuan clearing volumes, and is planning on rolling out yuan futures products, reinforcing the
      496 words
    • Article
      Lock icon Goods vehicle COE premium falls
      410 2  -  By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] The premium for a commercial vehicle certificate of entitlement (COE) fell significantly yesterday, even as those for passenger cars remained stable. Category C for goods vehicles –slumped $4,388 to $49,503 after the government decided last month to sharply raise the
      410 words
    • Article
      Lock icon Telcos make greater play for startup scene
      400 4  -  StarHub, SingTel unveil Crowdtivate, Innov8 Sparks plans By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] StarHub and SingTel are both gunning for a larger piece of the Silicon Valley-esque startup action. Come May, StarHub will throw open the doors of its new crowdfunding site, Crowdtivate, to
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    • Article, Illustration
      Lock icon PDI-P claims victory in Indonesian polls
      1171 4 Bloomberg Reuters [JAKARTA] The Indonesian Democratic Party of Struggle claimed victory in parliamentary elections, even as voting estimates showed its presidential candidate Joko Widodo will need to align with other parties to stay in the race. Puan Maharani, head of the central executive board
      Bloomberg; Reuters; PHOTO: AFP  -  1,171 words
    • Article
      Lock icon PM Lee: Jurong East a ‘very attractive’ option
      603 4  -  Govt is studying it as a possible site for the S’pore-KL High Speed Rail station By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] SITING the terminal station of the planned High Speed Rail (HSR) linking Singapore and Kuala Lumpur in Jurong East is a “very
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    • Article, Illustration
      Lock icon Boom in Spanish bonds, stocks shows market lacks reality
      680 4  -  By NEIL BEHRMANN in London CONTINUED pensioner and jobless protests in Puerto del Sol, Madrid’s main shopping centre, show that investors in booming Spanish bonds and stocks are out of touch with economic reality. Since mid-2012 when the economic crisis of
      PHOTO: AFP  -  680 words
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      421 2 cutting through complexity KPMG Seminar Series How To Recover Global Value-Added Tax (VAT) Date Monday, 28 April 2014 Time 9.00am to 11.00am Venue Mochtar Riady Auditorium Singapore Management University Administration Building, Level 5 81 Victoria Street Singapore *****5 Seminar fees Free Registration kpmg.com.sg/seminar Closing date Monday, 21 April 2014 Enquiries
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      94 2 EXECUTIVE EDUCATION PROGRAMS I THE UNIVERSITY OF CHICAGO BOOTH SCHOOL OF BUSINESS 9 Pure Chic Right On Your Doorstep V-J MSS y. it--Introducing Chicago Booth s Accelerated Development Program in Singapore. Interested to find out more about The Accelerated Development Program? Join our webinar to hear from one of our
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      336 3 Performance Motors Limited Sheer Driving Pleasure pml-bmw.com.sg f V 1 'I m A si-4 > ■T! //l X I i- < r%T- ,jl l‘->> rMV x Si- L I 1 HCaT?* F r -.V i tflJL' y 1. BWN 6 Series Gian Coupe vfstets i S>\ ■<■■ •>. J tb
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  • COMPANY NEWS
    • Article
      Lock icon Is Cofco deal short-changing Noble shareholders?
      716 5  -  HOCK LOCK SIEW By ANGELA TAN angelat@sph.com.sg LAST week, Noble Group said it was selling a 51 per cent stake in its agricultural business to China’s Cofco Corp for an initial US$1.5 billion. The final price will be equivalent to 1.15 times the 2014
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    • Article
      Lock icon OCBC sells its first Basel III-compliant bond
      573 5  -  US$1 b issue comes under its US$10b note programme By SIOW LI SEN lisen@sph.com.sg OCBC Bank yesterday issued its first Basel III-compliant bond US$1 billion of 10-year fixed rate subordinated notes under its US$10 billion global medium term note programme. The capital-boosting exercise
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    • Article, Illustration
      Lock icon Artivision surges after rights issue
      278 5  -  By VEN SREENIVASAN ven@sph.com.sg SHARES in Artivision Technologies surged by some two-thirds yesterday following the completion of a rights issue which saw the emergence of Ching Chiat Kwong of Oxley Holdings fame as a substantial shareholder. Yesterday, the stock rose from 2.9 cents to a
      Source: Bloomberg  -  278 words
    • Article
      Lock icon Forestry a better investment: JES
      620 7  -  Scibois has concession rights and is already operational: CFO By ANDREA SOH By sandrea@sph.com.sg CHINESE shipbuilding firm JES International said it was switching from an earlier mining investment to forestry as the latter provided a better deal for the company. “In almost everything, this new
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    • Article
      Lock icon Keppel O&M to manage Quanzhou yard
      320 7  -  By LEE U-WEN By leeuwen@sph.com.sg KEPPEL Offshore Marine (Keppel O&M), through its subsidiary FELS Offshore, has inked a new deal to manage what will be one of the largest shipyards in China when its construction is completed. The renewable 30-year agreement was signed with
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    • Article
      Lock icon BROKERS’ TAKE
      835 7  -  Compiled by KENNETH LIM CSE Global April 9 close: S$0.605 DBS Group Research, April 9 OUR industry checks indicate slowdown in the Gulf of Mexico due to maturing oil production platforms. Many of these platforms are approaching the end of their useful lives and some might be de-commis-sioned
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    • Article, Illustration
      Lock icon Ezion in logistics tie-up with AusGroup
      620 8  -  Deal involves share placement, options that will raise $78m for AusGroup By ANITA GABRIEL anitag@sph.com.sg OFFSHORE marine firm Ezion Holdings, an investor favourite, has been doing a fair share of heavy lifting of late. Last week, it greatly sweetened the prospects for JK Tech
      FILE PHOTO  -  620 words
    • Article, Illustration
      Lock icon Indonesia is a key market for many S’pore-listed firms
      382 8  -  10% of stocks listed reported revenues from the country By CARINE LEE carinel@sph.com.sg INDONESIA was the largest revenue generator for many Singapore-listed companies in their most recent financial year, according to Singapore Exchange (SGX). One in 10 stocks listed on SGX
      FILE PHOTO  -  382 words
    • COMPANY BRIEFS
      • Article
        Lock icon ST Aerospace records $460m orders in Q1
        85 8 SINGAPORE Technologies Engineering’s aerospace arm ST Aerospace recorded new orders totalling $460 million in the first quarter of this year. These range from airframe, component and engine maintenance, to cabin reconfiguration and engine wash. In Q1 2014, ST Aerospace redelivered a total of
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      • Article
        Lock icon Tritech unveils options as trading volume rises
        73 8 REFERRING to the substantial increase in the trading volume of the company’s shares yesterday, Tritech Group said that it is exploring potential acquisitions, investments and/or fund-raising options relating to its water business. It added that there was no certainty that this would result
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    • Article
      Lock icon Darco requests resumption of share trading
      245 8  -  By LEE U-WEN leeuwen@sph.com.sg DARCO Water Technologies, whose shares have been suspended from trading since March 2012, has requested resumption of trading on the Singapore Exchange (SGX) today. In a statement earlier yesterday before the request, Thye Kim Meng, managing director and chief executive
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      131 5 CongratuCations To the Graduates of SMU-SID Executive Diploma in Directorship and SMU-SID Executive Certificate in Directorship 10 April 2014 This event marks the graduation of 65 directors and senior executives who have successfully completed the Executive Diploma in Directorship programme and Certificate in Directorship programme conducted by Singapore Management University
      131 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Jardine stocks’ gains push STI up
      597 6  -  Lacklustre session, due to a lack of market-moving news, sees trading focused on penny counters STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THERE was not much in the way of market-mov-ing news yesterday on which to trade, which probably accounts for a relative nondescript session
      Source: Bloomberg  -  597 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Apr 9 VALUE CLOSE BT OB/OS 176.00 -13.00 BT CADI -*****.00 +74.00 BT 10-day MA -*****.00 +18.00 FTSE ST Mid Cap 737.06 +2.99 FTSE ST Small Cap 548.55 +2.85 FTSE ST All Share 779.70 +1.89 FTSE ST China Top 200.06 -0.28 FTSE ST China 225.41 +0.47 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME Albedo 279,011,000 HanKore 163,768,000 Charisma Energy 156,825,000 AusGroup 153,289,000 Golden Agri 127,082,000 JES 92,936,000 AddvalTech 59,461,000 CCM Grp 52,508,000 Tritech 47,315,000 Noble Grp 41,027,000 VALUE($) SingTel 79,166,280 Golden Agri 76,835,755 AusGroup 73,580,615 DBS Grp 69,376,730 Noble Grp 51,514,145 SIA 37,397,770 OCBC Bk 37,218,602 GLP 32,051,130 UOB
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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 6 2 6 0 0 0 6 2 6 Manufacturing 57 46 42 12 3 13 69 49 55 Commerce 21 17 23 4 5 3 25 22 26 Tpt/Stor/Comms 16 13 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,604 17,604 51,593 51,593 Manufacturing 278,269 91,138 369,407 109,358 4,284 113,642 Commerce 125,031 315,903 440,934 114,201 13,424 127,625 Tpt/Stor/Comms 92,308 3,631 95,939 179,443 451 179,893 Finance 33,926 391 34,317 145,360 139 145,500 Construction 30,633 210,270
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 6 Stock name Close Change CapMallsAsia 1.760 +0.010 CapitaLand 2.980 CapitaMall 1.985 +0.030 CityDev 10.12 -0.120 ComfortDelGro 1.990 +0.010 DBS Grp 16.50 +0.020 GLP 2.570 +0.010 Genting SP 1.315 +0.005 Golden Agri 0.610 +0.020 HK Land 6.620 +0.100 HPH Trust US$ 0.645 JMH 62.50 +1.390 JSH 35.53
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    • Article, Illustration
      Lock icon Yen weakens as currency volatility falls
      485 6 CURRENCIES Bloomberg [EDINBURGH] The yen weakened yesterday, dropping the most against higher-yielding currencies, as a gauge of currency volatility fell to the lowest level in more than six years and European stocks advanced. Japan’s currency dropped against all except one of its 16 major
      Bloomberg; PHOTO: BLOOMBERG  -  485 words
    • Article
      Lock icon RISES
      111 6 BY CENTS CLOSE UP DBXT AUDCS 5US$ ***** 202.4 0.8 DBXT iBoxxKR 5US$ ***** 197.4 1.1 JMH 6250 173.6 2.3 DBXT MSKorea 10US$ 6356 107.4 1.4 DBXT SPASX200 10US$ 4219 106.2 2.1 Lyxor AsiaCS 10US$ 5967 87.4 1.2 SPDRS S&P 500 10US$ ***** 82.4 0.4 DBXT iBoxxSvEu 5US$ *****
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    • Article
      Lock icon FALLS
      126 6 BY CENTS CLOSE DOWN Hyflux 6% CPS 10 ***** -210.0 -1.9 DBXT AUD Bonds 5AU$ ***** -96.0 -0.4 GLD 10US$ ***** -38.7 -0.2 DBXT FTVietnam 10US$ 2959 -37.5 -1.0 Jardine C&C 4820 -35.0 -0.7 Lyxor ThaiSET 10US$ ***** -26.2 -0.2 DBS Bk 4.7% NCPS 100 ***** -20.0 -0.2 DBXT
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      129 6 GLOBAL MARKETS NEVER SLEEP; NEITHER ii i H SHOULD MY CFD PROVIDER i j... Ul Jl TIER A ii m TRADE ROUND THE CLOCK WITH IG Our award-winning platform allows 24-hour trading on the world's leading stock indices, meaning you can take a CFD position whenever you want, even when
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      1586 7 MONEYIMAX MONEYMAX FINANCIAL SERVICES LTD. MONEYMAX FINANCIAL SERVICES LTD. (Incorporated in Singapore) Registration No. *****9689Z Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of Moneymax Financial Services Ltd. (the "Company") will be held at 8 Wilkie Road #03-01 Wilkie Edge Singapore *****5 on Monday,
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      2164 8 (■8 Ho Bee Land HO BEE LAND LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2381M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 26th annual general meeting of Ho Bee Land Limited (the “Company”) will be held at 9 North Buona Vista Drive #11-01,
      2,164 words
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      Lock icon Page 8 Advertisements Column 2
      26 8 If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon OCBC 360 now offers higher interest rates
      428 9  -  The rates of up to 3.05% are based on transactions instead of account balances By LISABELLE TAN lisatan@sph.com.sg COMPETITION in the consumer banking sector is heating up, with banks trying to deepen their relationships with the public through consolidation of their finances. OCBC
      428 words
    • Article
      Lock icon New bus management system operational by ‘17
      299 9  -  It will be a unified solution for LTA, 2 public bus operators BY KELLY TAY ke||ytay@sph.com.sg THE Land Transport Authority (LTA) has put $68 million into a new bus-management system that will be a unified solution for it and the two public bus
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon IDA Int’l to be consultant in Oman
        82 9 IDA International, a subsidiary of the Infocomm Development Authority of Singapore, signed an agreement with the Information Technology Authority (ITA) of the Sultanate of Oman yesterday. Under the agreement, IDA International will provide consultancy services to streamline visa clearance processes, thus improving the
        82 words
      • Article
        Lock icon Republic Poly ties up with Popular unit
        96 9 REPUBLIC Polytechnic’s School of Infocomm (SOI) inked an agreement yesterday with Popular e-Learning Holdings to improve digital-learning products. Popular e-Learning Holdings is the research-and-development and content-development arm of mainboard-listed Popular Holdings. Under the two-year agreement, students in the Diploma in Interactive and Digital
        96 words
      • Article
        Lock icon Credits in media school now portable
        95 9 3DSENSE Media School yesterday announced a partnership with New York’s School of Visual Arts, under which its students can transfer credits when they move from their school to the New York one. With the five-year agreement, graduates of 3dsense’s year-long WSQ Diploma in Animation
        95 words
    • Article, Illustration
      Lock icon Nominations for E50 Awards now open
      446 9  -  By MINDY TAN tanmindy@sph.com.sg OSIM International founder and chief executive Ron Sim yesterday tossed a challenge to small and medi-um-sized enterprises (SMEs) here and that is to find their niche and create demand, instead of just playing supplier. Singapore’s business environment, characterised by high
      PHOTO: ARTHUR LEE  -  446 words
    • Article
      Lock icon NTUC opens two more one-stop centres for PMEs
      401 9  -  By KARA QUEK karaquek@sph.com.sg THE National Trades Union Congress (NTUC) opened its second and third U PME Centres yesterday, aimed at providing professionals, managers and executives (PMEs) with services from career and employment advice to professional development services. The second centre is
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      41 9 THE STRAITS TIMES Untold stories of 1 Malaysia Airlines MH370 A month after the plane vanished, The Straits Times brings you intimate details on the hunt in an interactive Web Special. Get special reports, videos and graphics. Log on to www.straitstimes.com/mh370-special
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Bonia shares jump on strong ‘buy’ call
      509 10  -  It suggests buying power of the upper and middle classes is still undiminished By S JAYASANKARAN in Kuala Lumpur SHARES in Bonia Corp, the only high-end apparel and leather goods retailer listed in Malaysia, jumped nearly 9 per cent to RM5.15 apiece after
      FILE PHOTO  -  509 words
    • Article
      Lock icon Selangor water impasse seen dragging on
      481 10 [KUALA LUMPUR] Legal disputes may further delay Selangor’s efforts to restructure the water industry if the issue is not resolved on a willing buyer-willing seller basis, analysts have warned. The impact could be farreaching as any forced acquisition of the state’s water assets could
      481 words
    • Article
      Lock icon Free loans beat noodles to woo Indonesian voter
      665 10 Offers of insurance, medical checkups emerge in campaign Bloomberg [JAKARTA] Free noodles are no longer enough to curry favour with Indonesian voters. Offers of insurance, loans and medical checkups have emerged in a months-long campaign that is forecast to boost economic growth.
      Bloomberg  -  665 words
  • Page 10 Advertisements
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      124 10 Set Your Sights On Being A Winner Submit Your Entry For The Prestigious 2014 E50 Awards Now If you are a homegrown, privately-owned enterprise with three years of audited statements, and have achieved sterling business performance because you had the foresight to focus on the critical aspects of running a
      124 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China exposure of HK banks needs watching
      386 11 But stress tests show they are well positioned to absorb potential losses: IMF Reuters [HONG KONG] Hong Kong banks’ rising exposure to mainland China requires close monitoring and cooperation with Chinese supervisors, but stress tests show they are well positioned to absorb potential
      Reuters  -  386 words
    • Article
      Lock icon Former aide to ex-spy chief sacked in China graft probe
      347 11 Reuters [BEIJING] A former aide to China’s retired domestic security chief Zhou Yongkang was sacked yesterday after authorities opened a corruption probe, the latest move targeting associates of Zhou, who is also under investigation for graft. Guo Yongxiang has been
      Reuters  -  347 words
    • Article
      Lock icon Facebook users in India cross 100m milestone
      239 11 AFP [NEW DELHI] Facebook has hit more than 100 million users in India, making it only the second country after the United States to achieve the milestone, the social network company has said. The mobile phone market was driving growth in India along
      AFP  -  239 words
    • Article, Illustration
      Lock icon Modi should build on his strong qualities
      573 11 He should revive the economy rather than pick sectarian fights WP [WASHINGTON] The world’s biggest democratic election began on Monday. The result, for better or worse, is easy to foresee. Polls show India’s Bharatiya Janata Party (BJP) and its leader, Narendra Modi, beating
      WP; PHOTO: AFP  -  573 words
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      442 11 50% DISCOUNT ON BUSINESS ELITE COMPANION FARES Enjoy the comfort of flying on our 180-degree full flat-bed seats with direct aisle access on BusinessElite®. Purchase a BusinessElite ticket and enjoy 50% off on the second ticket for your companion on Delta flights to select U.S. destinations below by June 30.
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  • WORLD
    • Article, Illustration
      Lock icon Silicon Valley’s richest take US$11.5b hit
      547 12 That’s how much the 23 wealthiest billionaires have lost in tech stock sell-off Bloomberg [SAN FRANCISCO] The technology stock sell-off of the past week has come with a price tag for Silicon Valley’s richest: US$11.5 billion. That’s how much the 23 wealthiest billionaires who
      Bloomberg; PHOTO: REUTERS  -  547 words
    • Article, Illustration
      Lock icon Big US banks need US$68b more
      835 12 New rules unfair, more stringent than Basel III, say bankers Reuters [WASHINGTON] The eight biggest US banks must boost capital levels by a total of about US$68 billion under new rules, US regulators said, prompting industry complaints that less-stringent global standards will give overseas
      Reuters; PHOTO: BLOOMBERG  -  835 words
    • Article, Illustration
      Lock icon Japan and US begin crucial trade talks
      525 12 Reu ters [TOKYO] Japan and the United States yesterday began a round of crucial talks aimed at concluding a trade pact seen as critical to the success of regional negotiations, although officials warned that bridging differences would be difficult. Tokyo and Washington are
      Reuters; PHOTO: REUTERS FILE PHOTO  -  525 words
    • Article, Illustration
      Lock icon Europe’s jobless see little hope of turnaround
      879 14 Growing number of people in eurozone are caught in the trap of long-term joblessness NYT [ATHENS] When Kostas Polychronopoulos lost his high-pay-ing marketing position at a telecommunications company during the height of Europe’s financial crisis in 2010, he exhausted himself for more than
      NYT; PHOTO: BLOOMBERG  -  879 words
    • Article
      Lock icon Australia job market’s looking upbeat
      740 16 Revival in consumer spending bodes well for sizeable pick-up in employment Reuters [SYDNEY] Job losses in manufacturing have dominated Australian headlines 350 at BP, 180 at Philip Morris, 300 at Boeing in the past month alone but data proven to herald increased hiring tell a
      Reuters  -  740 words
    • Article, Illustration
      Lock icon Woolworths buys David Jones for A$2.15b
      645 16 Bloomberg [SYDNEY] South Africa’s Woolworths Holdings Ltd has agreed to buy Australian retailer David Jones Ltd for A$2.15 billion (S$2.52 billion), to expand in a market targeted by global rivals including Inditex SA and Hennes Mauritz AB. The cash offer values each David Jones
      Bloomberg; PHOTO: AFP  -  645 words
    • Article, Illustration
      Lock icon Japan demand for Aussie assets on the mend
      515 18 Net buying of A$ stocks, bonds by the Japanese in Feb amounts to A$ 1.1b Reuters [SYDNEY] Japanese investors appear to have regained their appetite for Australian dollar-denomi-nated assets in a major turnaround from last year, an encouraging trend that played a
      Reuters; PHOTO: BLOOMBERG  -  515 words
    • Article
      Lock icon Aussie regulator wants tougher corporate fines
      271 18 Reu ters [SYDNEY] Australia’s financial regulator wants the penalties for corporate misconduct to be substantially increased to act as a greater deterrent against crime and bring the country in line with other jurisdictions. In a review of corporate penalties, the Australian Securities and Investments
      Reuters  -  271 words
    • Article, Illustration
      Lock icon Toyota recalls over 6m vehicles worldwide
      813 20 It seeks to fix range of safety defects; this is a big setback for firm’s president Bloomberg [TOKYO] Toyota Motor Corp, the world’s largest carmaker, called back more than six million vehicles worldwide to fix a range of safety defects in one of the
      Bloomberg; PHOTO: BLOOMBERG  -  813 words
    • Article
      Lock icon Olympus faces 28b yen suit from six banks
      548 20 Bloomberg [TOKYO] Olympus Corp was sued by six banks for a total of 27.9 billion yen (S$363 million) in damages, the largest amount among civil lawsuits filed against the Japanese camera and endoscope maker over a 13-year accounting fraud. The banks seek
      Bloomberg  -  548 words
    • Article, Illustration
      Lock icon Untaxed overseas US corporate profits soar
      486 22 Study says they nearly doubled from 2008 to 2013 to top US$2.1t, prompting reform call Reuters [WASHINGTON] Foreign profits held overseas by US corporations to avoid taxes at home nearly doubled from 2008 to 2013 to top US$2.1 trillion, said a private research firm’s
      Reuters; PHOTO: REUTERS  -  486 words
    • Article, Illustration
      Lock icon UK retailers cut prices at fastest pace since 2006
      409 24 March retail prices down 1.7% year-on-year amid limited spending capacity Reuters [LONDON] British retailers slashed prices in March at the fastest rate since 2006, industry figures showed yesterday, a reflection of the squeeze in consumers’ incomes that has persisted even as
      Reuters; PHOTO: REUTERS  -  409 words
    • Article, Illustration
      Lock icon Diplomat wins prize for UK exit plan from EU
      378 26 Fewer regulations, along with greater trade with emerging economies, seen providing boost for Britain Reu ters [LONDON] Britain’s economy could grow by £1.3 billion (S$2.7 billion) if it left the European Union (EU), due to less regulation and more trade with
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      Lock icon Monetary easing may manage a Goldilocks exit
      607 27  -  But IMF official also warns of possibility of bumpy exit By ANTHONY ROWLEY in Tokyo THE global financial system may be able to make a “Goldilocks exit” from monetary easing, International Monetary Fund (IMF) financial counsellor Jose Vinals suggested yesterday. But markets should
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      643 28 It seeks to send a strong signal that it’s on the way out of debt crisis Reuters [LONDON] Greece, at risk of crashing out of the eurozone just two years ago, will issue its first sovereign bond in almost four years today,
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      Lock icon Shareholder veto over exec pay proposed
      412 28 EU plan will bolster link between pay and performance Bloomberg [BRUSSELS] European Union (EU) financial services chief Michel Barnier, who has already won caps on banker bonuses, will introduce plans to give shareholders a veto over the pay packages for executives at publicly traded
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      Lock icon US warns eurozone over deflation risk
      292 28 AFP [WASHINGTON] US Treasury Secretary Jacob Lew warned the eurozone yesterday to pay heed to the risk of deflation, adding pressure on European authorities and the European Central Bank (ECB) to boost growth. “The risk of low demand and the risk of deflation is
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      379 30 Reuters [LONDON] The founder of British banking newcomer Metro Bank plans to launch an online lender, hoping to take advantage of a sharp decline in the number of customers using branches and challenge established rivals. Anthony Thomson, who stepped down as Metro
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      Lock icon Putin threatens to stop Ukrainian imports
      347 30 Kiev warns it may use force to remove pro-Russian activists from govt buildings Bloomberg [MOSCOW] President Vladimir Putin told his government to draw up a plan to replace Ukrainian imports and said Russia can’t subsidise its neighbour forever, ramping up pressure as the government
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    • BRIEFING
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        Lock icon Saudi crown prince slams banks
        121 30 Reuters [DUBAI] The second-in-line to the Saudi Arabian throne has denounced banks in the kingdom, saying they are contributing too little to society compared with what they take, Saudi media reported yesterday. The comments by Deputy Crown Prince Muqrin bin Abdulaziz, who was appointed last
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        Lock icon Julius Baer compensation policy approved
        64 30 Bloomberg [GENEVA] Shareholders of Julius Baer Group approved the bank’s 2013 remuneration report in a non-binding vote, after the company revised its compensation policy. Investors accepted the report, including total compensation of 5.9 million Swiss francs (S$8.4 million) for chief executive officer Boris Collardi. Julius
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        Lock icon Unemployment slightly up in Feb, says OECD
        76 30 AFP [PARIS] Unemployment in advanced countries rose slightly in February, the OECD said, a setback after recent falls. Despite improvement in the general outlook for rich countries, the unemployment rate edged up by 0.1 percentage points to 7.6 per cent from the January
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      1644 12 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices TEXCHEM-PACK HOLDINGS (S) LTD. (Incorporated in the Republic of Singapore) (Company Registration. No. *****8296H) NOTICE OF THE ELEVENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of the Company will be held at Changi Room, Level 8,
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      1978 13 MENCAST HOLDINGS LTD. (Incorporated in Singapore on 30 January 2008) (Company Registration No. *****2235C) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Mencast Holdings Ltd. (the “Company”) will be held at 42B Penjuru Road, Level 2 Auditorium, Singapore *****3 on Friday, 25 April 2014 at 10.00 a.m. for
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      1985 13 IEV IEV HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****7734D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of IEV Holdings Limited (the "Company") will be held at Canary Room, Level 4, Grand Copthorne Waterfront Hotel, 392 Havelock Road, Singapore
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      1411 14 AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices !)$;&,<^&+[~&(^*@,:}:{}~~?/!.[- SMARTFLEX HOLDINGS LTD. (Company Registration No. *****3501 R) (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SMARTFLEX HOLDINGS LTD. (“the Company") will be held at NTUC Centre, Room
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      2959 15 <$> KORI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2407R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM") of Kori Holdings Limited (the “Company”) will be held at Temasek Club, Anvil Room, No.1 Portsdown Road, Singapore *****5 on Friday,
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      2826 15 Jnd Agri INDOFOOD AGRI RESOURCES LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****6551G) 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, Atrium Ballroom (Level 4), 80 Bras Basah Road, Singapore
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      1537 16 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices >=/...\\.|"\+,\_'^-_}~_<~;=(%|] PROGEN PROGEN HOLDINGS LIMITED (Company Registration No. *****5118C) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Progen Holdings Limited (the ■■Company") will be held at 12 Woodlands Loop, Singapore
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      2938 17 WEE HUR HOLDINGS LTD. Company Reg. No.: *****9510K (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of Wee Hur Holdings Ltd. (the “Company”) will be held on Friday, 25 April 2014 at 12.00 p.m. at Quality Hotel
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      2240 17 GRANDNESS SINO GRANDNESS FOOD INDUSTRY GROUP LIMITED Company Registration No. *****6801H (Incorporated in the Republic of Singapore) (the “Company") NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SINO GRANDNESS FOOD INDUSTRY GROUP LIMITED (“the Company”) will be held at Suntec Singapore International Convention
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      1596 18 WATO NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LORENZO LORENZO INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****8277C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Ninth Annual General Meeting of the Company will be held at 27 Kaki Bukit Place, Eunos Techpark,
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      602 19 ISETAN (SINGAPORE) LIMITED Company Registration No. *****1177H (Incorporated in the Republic of Singapore) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 43rd Annual General Meeting of the Company will be held at the Seletar Rooms, Holiday Inn Atrium Singapore, Level 3, 317 Outram Road, Singapore
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      2923 19 *4 SOIRUILD SOILBUILD CONSTRUCTION GROUP LTD. (Company Registration No. *****1440Z) (Incorporated in the Republic of Singapore) NOTICE OF FIRST ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the First Annual General Meeting of the Company will be held at 25 Changi South Street 1, Singapore *****9 on Friday, 25 April
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      1065 20 wats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Value VALUEMAX GROUP LIMITED Registration Number: *****7530N (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Singapore Recreation Club, Lounge 1883, level IB
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      1218 20 HOTEL PROPERTIES LIMITED Company Registration No. *****0348Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Fourth Annual General Meeting of Hotel Properties Limited (the “Company”) will be held at Crescent Ballroom, Level 2, Four Seasons Hotel Singapore, 190 Orchard Boulevard, Singapore
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      33 21 katc notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Get your 5th ‘C’ here Choose from various club memberships or sell yours in CLASS 66 To advertise, call the Print Classified Hotline: 1800-289 9988
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      2122 21 LEY CHOON GROUP HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****0318G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Conference Room, No. 4 Sungei Kadut Street 2, Sungei Kadut Industrial Estate, Singapore
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      1673 22 WAT3 NOTICES 1 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices MEGACHEM LIMITED (Company Registration No. *****3293M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 11 Tuas Link 1, Singapore *****8 on Monday
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      1589 22 LEADER ENVIRONMENTAL TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1799H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Leader Environmental Technologies Limited (the “Company”) will be held at RELC International Hotel, Tanglin 2, Level 1, 30 Orange Grove Road,
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      5598 23 katc notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ROTARY ENGINEERING LIMITED (Company Registration No. 1 *****255E) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 34th Annual General Meeting of ROTARY ENGINEERING LIMITED (the “Company”) will be held at 17 Tuas Avenue
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      1629 24 WATO NOTICES 1 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices >+=[&:&|/(<,_'[%<\}**`".%@$[>$- QAF Limited Company Registration No. *****0035D (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at No. 224 Randan Loop, Singapore *****1 on
      1,629 words
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      2071 25 UPP HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****0346M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 47th Annual General Meeting of UPP HOLDINGS LIMITED (the “Company”) will be held on Friday, 25 April 2014 at 2pm at Kent Ridge Room, No. 87
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      2316 25 /SDM3oldings LIMITED ISDN HOLDINGS LIMITED (Incorporated in the Republic of Singapore Company Registration No. *****6788Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ISDN HOLDINGS LIMITED (the “Company”) will be held at 12 Kallang Way #02-01 Nova Building, Singapore *****6 on Friday, 25
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      81 26 APRIL ISSUE OUT NOW! Breakfast with >>> APRIL 26, 2014 (SATURDAY) Discover how the all-new Citroën C4 Picasso suits your family’s needs perfectly! SIGN UP NOW AT WWW.TORQUE.COM.SG/EVENTS WWW.TORQUE.COM.SG Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise,
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      1549 26 [«-AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices mllllin LUZHOU BIO-CHEM TECHNOLOGY LIMITED III/ JJ (Incorporated in the Republic of Singapore) (Company Registration No. *****2523N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Falcon Room, Level 3,
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      1536 26 js k. I] CHINA MERCHANTS HOLDINGS (PACIFIC) LIMITED (Company Registration No. *****1278D) (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of China Merchants Holdings (Pacific) Limited (“the Company”) will be held at Pan Pacific Singapore, Ocean 12-13, Level
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      4374 27 AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ACM A LTD (Company Registration No.; *****0233E) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Forty-Ninth Annual General Meeting of ACMA Ltd. will be held on Tuesday, 29 April 2014 at 9.00 a.m.
      4,374 words
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      2464 28 notices i Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NEW TOYO INTERNATIONAL HOLDINGS LTD Registration No.: *****1387D (Incorporated in the Republic of Singapore) Notice of 18 th Annual General Meeting NOTICE IS HEREBY GIVEN that the 18 1h Annual General Meeting of the Company will be held at 39 Scotts Road,
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      29 29 NEW BEGINNINGS How Indian communities here celebrate their New Year INDIA’S GULABI AUTOS GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      29 words
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      1467 29 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices tt RELIG ARE HEALTH TRUST Values that bind RELIGARE HEALTH TRUST (Registration No. *****06) (a business trust constituted on 29 July 2011 under the laws of the Republic of Singapore) Managed by Religare Health Trust Trustee Manager Pte. (Company Registration No. *****7555K)
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      28 29 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
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      1903 30 notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Az ;ch AZTECH GROUP LTD (Incorporated in the Republic of Singapore) Company Registration No. *****1642R NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of AZTECH GROUP LTD will be held at 10 Eunos Road 8, Level 5,
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  • AVIATION/SHIPPING
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      Lock icon Large PSV market ‘in danger due to oversupply’
      438 31  -  Other two markets in offshore sector better balanced: Jaccar CEO SINGAPORE MARITIME WEEK By MALMINDERJIT SINGH msingh@sph.com.sg THE market for large platform supply vessels (PSVs) operating in the deep-sea segment may be running into trouble due to oversupply a situation that could
      438 words
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      Lock icon New signals revive confidence in MH370 search
      933 31 Search chief strikes an optimistic note but urges caution Reuters [PERTH] Australian officials said yesterday two new “ping” signals had been detected in the search for Malaysia Airlines Flight MH370, boosting confidence after more than a month of fruitless searching for the missing
      Reuters; PHOTO: AFP  -  933 words
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      Lock icon Lufthansa to turn around Germanwings unit
      540 31 Bloomberg [HAMBURG] Deutsche Lufthansa, Europe’s second-largest airline, said that it wants to turn around its Germanwings unit by next year after moving large parts of its network to the short-haul subsidiary. “We are planning a break-even in 2015,” chief financial officer Simone Menne said
      Bloomberg  -  540 words
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      Lock icon TRANSPORT STOCKS
      245 31 SGX '000 Apr 09 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.26 unch 40 Cosco Corp 0.72 0.01 336 Cwt Limited Vol Ezra Hldgs 1.09 0.02 5196 First Ship Lea 0.01 Grand Banks 0.22 0.01 99 Jaya Hold Ltd 0.78 -0.01 1867 K1Ventures................0.19 unch 905 Keppel Corp
      245 words
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      Lock icon American Airlines says bad weather hurt Q1 results
      494 31 Reuters [ATLANTA] American Airlines Group on Tuesday said flight cancellations due to bad weather hurt its first-quarter results, joining other carriers that blamed the weather for a drag on business during the period. American grounded more than 34,000 flights in the first
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  • Page 31 Miscellaneous
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      289 31 CRYPTIC CROSSWORD Across 1 Trouble with hothead idiot, the French (6) 5 expose a French wally the conclusion’s explosive (8) 9 Hip set admitting woman’s laid up (10) 10 Fly speck (4) 11 Cold course ingredient’s flipping tripe! (8) 12 Term of Liberal and then changes around Government (6) 13
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  • EDITORIAL & OPINION
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      Lock icon Malaysia’s household debt is no big worry
      504 32 EDITORIAL IS Malaysia’s rising household indebtedness a serious problem? Fitch Ratings, the rating agency that downgraded the outlook for the Malaysian sovereign last July, has been sufficiently concerned to flag household debt as a downside risk for future bank ratings. But the available
      504 words
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      Lock icon Wealth gap threatens to undermine civic equality
      768 32  -  reuters BREAKINGVIEWS THE BOTTOM LINE By EDWARD HADAS MANY serious people think economic inequality in the United States and other developed economies should be a hot political topic. But the general public hardly cares. There is a bad reason behind the lack of
      768 words
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      1049 32  -  Companies should focus on building this area, in addition to positional ones By DAVID DUBOIS, MARCUS HO The writers are assistant professor at Insead and co-founder of Social Metric, respectively LAST year’s record haze that blanketed Singapore and surrounding countries caused
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      Lock icon Shale revolution – huge implications for Asia
      1051 33  - Shale revolution huge implications for Asia In particular, Indonesia must unlock the potential of its substantial reserves By KAREN AGUSTIAWAN The writer is president and CEO of Indonesian state oil and gas company Pertamina THE successful development of shale oil and gas is a game changer that will shake the
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      Lock icon Accepting ‘zones of tolerance’ in cities
      752 33  -  JOHN GEE John Gee is a Singapore-based freelance writer. FOLLOWING the Little India riot, one instant reaction was to ascribe the incident to the over-consumption of alcohol by the Indian workers involved and this remained a theme in subsequent discussions. There’s no doubt that
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      Lock icon Laos needs to hasten reforms to attract investors
      978 33  -  By HARISH MEHTA The writer, a former BT senior correspondent, is a historian who has taught at Canadian universities, and has written books on Indochina. LAOS was granted US$3.9 million in February by the European Union, the United Nations, France and the
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  • Article
    Lock icon SHIPPING TIMES
    1202 34 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      3141 35 Transaction date: Apr 9 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 Last 13.6 10.4 8Telecom Day Last Quote Div Gr Yld Net 10 6.7 AIMS Property 9.8 unch 394 9.8 9.8
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      Lock icon SGX CATALIST
      352 36 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 1.9 0.9 t Advanced System 1 unch 1299 1 1 0.9 1 19.5 Div Gr Yld Net
      352 words
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      Lock icon UNIT TRUST & FUNDS
      11031 36 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.52/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1 9258/ China Opportunities 1 2 7912/ EM Local Ccy Bond *****/ European Opportunities 1 1 3333/ Global Emerging Markets
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      Lock icon GLOBALQUOTE
      262 36 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61.5 34.4 AVJennings A61 unch 7 61 60.5 58.5 61 3.6 5.7 5 225.8 52 35.5 Genting HK US$ US40 +1 2324 40 39 39.5 40 2633.8
      262 words
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      Lock icon SGX ETF
      1137 36 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 114 +1.2 4 114 114 113 114 520.4 143 119 CIMB APAC Div 100S$D 129.3 +0.6 129.3 129.3 128.2 130.7
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  • FINANCE & COMMODITIES
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      Lock icon SGX DERIVATIVES TRADING
      646 37 Apr 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.05 *****.02 *****.34 Jun14 *****.00 *****.00 *****.00 *****.00 *****4 *****7 Sep14 *****.00 *****.00 *****.00 *****.00 1 8587 MSCI TAIWAN INDEX FUTURES SPOT 315.39 316.00 315.06 Apr14 314.90 316.10 313.70 315.70 ***** *****9 May14 315.30
      646 words
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 37 In local curr In S$ In US$ dy yr dy yr dy yr Apr 8 Index Change Change Change Change Change Change World Preliminary 1180.3 -0.1 -0.4 -0.4 -0.7 0.2 0.1 EAFE Preliminary 943.8 -0.6 -1.3 -0.5 -0.8 0.0 0.0 Europe Preliminary 1370.3 -0.4 1.1
      373 words
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      Lock icon INTERBANK CROSS RATES
      471 37 Apr 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.025 5.813 0.680 7.272 56.364 105.864 0.957 9.767 3.027 1.079 91.647 41.845 1.172 9.797 0.828 28.211 30.216 0.560 0.938 Canada 0.976 5.671
      471 words
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      Lock icon SIBOR
      31 37 Apr 9 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth ..0.***** Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      80 37 Apr 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****T 31-Oct-14 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.25 5-Year NX*****W 2.5 01-Jun-19 104.99 105.10 105.10 10-Year NX*****H 2.750 01-Jul-23 102.23 102.30
      80 words
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      Lock icon PRECIOUS METALS
      137 37 Apr 09 GOLD(US$/oz) Apr 09 Apr 08 Hong Kong 1314.00 1314.00 Apr 08 Apr 07 London 1308.96 1300.90 1309.73 1301.45 Source: Thomson Reuters CAST BAR Apr 09 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 314 260 10gm 586 523
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    • Article
      Lock icon PALM OIL
      57 37 Apr 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 14 2640.0 2650.0 2649.0 2630.0 88 1964 May 14 2610.0 2631.0 2640.0 2597.0 2462 ***** Jun 14 2592.0 2613.0 2624.0 2577.0 ***** ***** Jul 14 2584.0 2601.0
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      Lock icon INTERBANK CURRENCY RATES
      155 37 Apr 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1712 1.1720 0.9376 0.9380 Canadian dollar 1.1425 1.1436 0.9152 0.9147 Euro 1.7238 1.7246 1.3800 1.3802 NZ dollar 1.0857 1.0868 0.8692 0.8698 Sterling pound 2.0914 2.0925 1.6743 1.6747
      155 words
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      Lock icon CHICAGO BOT
      109 37 Apr 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1482.50 1464.25 1483.50 1462.00 Jul 14 1461.50 1448.25 1463.25 1444.25 Aug 14 1383.25 1372.75 1385.25 1369.75 Sep 14 1267.00 1257.00 1268.25 1254.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14
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      Lock icon LIFFE
      94 37 Apr 8 COCOA (£/tonne) Close Prev High Low May 14 1875 1869 1876 1852 Jul 14 1881 1875 1883 1859 Sep 14 1881 1874 1882 1858 Dec 14 1869 1861 1869 1847 COFFEE(US$/tonne) Close Prev High Low May 14 2174 2124 2190 2131 Jul14 2166 2112 2180 2119 Sep
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1071 37 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 ...........38 xe 0.3 1 38 0.78 51 Asia-Pacific Strategic W*****6 1 xe 0.3 30 219 29.78 1 Exer Albedo Limited W*****9 Prem Asiatic Grp(Hldgs) Ltd W*****5 2.3 0.0
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 37 CRUDE OIL PRODUCTS Apr 08 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.36 0.67 WTI (Near Mth) 102.59 2.02 Dubai (1-Mth F) 103.00 0.63 Tapis blend 110.02 -0.03 Minas 106.32 -0.03 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.25 1.14 Jet Kerosene 119.20 1.08 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 37 Apr 9 S$ Bid Offer 1-month 1.2491 1.2495 2-months 1.2490 1.2495 3-months 1.2490 1.2494 6-months 1.2488 1.2492 Source: OCBC
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      Lock icon LONDON METALS
      65 37 Apr-08 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1784.75 1782.00 3 months 1819.00 1817.00 Copper, Grade A(US$/tonne) Cash 6670.25 6670.00 3 months 6671.00 6675.00 Lead(US$/tonne) Cash 2055.25 2044.00 3 months 2073.00 2065.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.50 3 months *****.00
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 37 As at 9am Apr 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.197 1.140 Can dollar 1.166 1.122 Euro 1.767 1.683 Sterling pound 2.136 2.054 NZ dollar 1.110 1.068 US dollar 1.277 1.217 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      154 37 Apr 9 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.20 0.10 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • PROPERTY
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      Lock icon Beijing office shortage fuels third-highest rents
      1250 38 Rising demand and limited supply have doubled office rents since 2008 Bloomberg [BEIJING] John Wong, who leases offices in downtown Beijing’s new, 61-storey Fortune Financial Center, has filled 60 per cent of the space in the tower completed in September. He said he’s confident
      Bloomberg; PHOTO: REUTERS  -  1,250 words
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      Lock icon Househunt
      1355 38 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN FEB 26 AND MARCH 4, 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 Riverwalk Apt Apt 04/03/2014 99 818 1250 1528 District 3 NON-LANDED Ascentia
      1,355 words
    • Article
      Lock icon Vanke keen on investing in China SOEs’ property units
      333 39 Developer says it will make some ‘big moves’ in M&A and equity investment Re uters [HONG KONG] China Vanke Co Ltd, the country’s largest listed developer, is interested in investing in property units of state-owned enterprises (SOEs) as Beijing opens up
      Reuters  -  333 words
    • Article
      Lock icon Limitless seeks debt delay, set to miss UAE boom
      470 39 Bloomberg [DUBAI] The United Arab Emirates (UAE) property boom may be passing Limitless LLC by, as the developer that split off from Dubai World in the fallout following the 2008 credit crunch seeks to delay a loan payment. The company asked
      Bloomberg  -  470 words
    • Article, Illustration
      Lock icon Architect’s Pritzker prize puts new shine on his project
      1233 39 Shigeru Ban’s Metal Shutter Houses in NY drawing interest NYT [NEW YORK] When he won the Pritzker Prize on March 24, Japanese architect Shigeru Ban had a very busy day. As the 37th winner of architecture’s biggest prize the profession’s Nobel
      NYT; PHOTOS: AFP, BLOOMBERG  -  1,233 words
    • Article, Illustration
      Lock icon 14th floor of Samsung Hub sold for $3,030 psf
      736 40  -  Arch Capital Mgt sells 13,110 sq ft space for $39.7m to Chinese party By KALPANA RASHIWALA kalpana@sph.com.sg THE 14th floor of Samsung Hub along Church Street has been sold at slightly over $39.72 million or $3,030 per square foot based on
      736 words
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      Lock icon Greece prepares 500m euros of assets for sale
      531 40 They will include city buildings, homes, development land Bloomberg [MADRID] Greece is preparing a property portfolio valued at as much as 500 million euros (S$862.5 million) to offer to investors by the end of this year, according to the head of the
      Bloomberg; PHOTO: REUTERS  -  531 words
    • Article
      Lock icon Barclays S’pore to move more staff to CBD
      551 40 Bloomberg [SINGAPORE] Barclays, the UK’s second-largest bank by assets, is moving more employees to an office in Singapore’s central business district from the suburbs to cut costs, people familiar with the matter have said. Barclays will terminate its lease on about 15,500
      Bloomberg  -  551 words
    • Article, Illustration
      Lock icon Resale condos mark higher prices, volumes in March
      618 41  -  But observers say it is too early to cheer as resale market remains soft By LYNETTE KHOO lynkhoo@sph.com.sg RESALE prices of non-land-ed private homes inched up 0.2 per cent in March, led by an increase in transaction prices in the Rest of
      ST FILE PHOTO  -  618 words
    • Article
      Lock icon GIC to buy Tokyo property for 134b yen
      285 41 Reuters [TOKYO] Singapore state investment firm GIC Pte Ltd will buy a Tokyo property from US investment fund Lone Star Funds for some 134 billion yen (S$1.6 billion), the highest price since Japan’s real estate market recovery accelerated last year, three people
      Reuters  -  285 words
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      Lock icon Page 39 Advertisements Column 1
      79 39 FOR SALE BYTENDER White House Park Good Class Bungalow 2 Storey with attic, basement and swimming pool on a rectangular plot reconstructed circ.2008. Good A A potential. Location Dalvey Road Land area 1717.6 sq.m (***** sq.ft) Built-up ***** sq.ft approx. Zoning White House Park GCBA Tenure Freehold For viewing and
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      162 39 LU -I < cc 0 LL NTj? **> \yr~ OWN A LEGEND! Foreigners can buy commercial conservation hotel building A Special Opportunity. A rapturous conservation hotel in the heart of the city. An upmarket boutique heritage building with a stable anchor tenant. attractive long term 3.7% return foreigners can buy
      162 words
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      Lock icon Page 39 Advertisements Column 3
      152 39 PRIME GOOD CLASS BUNGALOW LAND AT HOLLAND RISE FOR SALE h °lla 3 adjoining vacant GCB plots: Plot I Approx. 17,422 sq ft Plot 2 Approx. 18,176 sq ft Plot 3 Approx. 17,393 sq ft Total Land Area Approx. 52,991 sq ft Flexibility to acquire one or more plots Access
      152 words
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      Lock icon Page 39 Advertisements Column 4
      38 39 FACTORIES IN ISKANDAR FOR SALE 10-Min from Second Link Size: 13,000 sq ft 42,000 sq ft Semi-Detached Detached Factory Freehold Good Layout Near Commercial Lifestyle Amenities Dominic Peters 9825 2101 CEA Reg. No. R*****1G www. savills. com. sg
      38 words
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      208 40 ((®JIX En masse Sale of 38 Units at Iconic The Draycott’ Within prime most Ardmore Pk I Claymore enclave Total strata area 104,528 sf; FH; 31% share value Includes one complete stack in the tower Great views of Goodwood Hill's lush greenery Potential for enbloc sale or refurbish strata sale
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      171 40 'it 'HPmmvjtt A Singapore Based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region Of Singapore Regional Cities We deal with the following types of assets: 3 4 Star Hotels Office Commercial Buildings Bulk Sale Of Undervalued Prime Freehold Strata Retail Office Units Boutique Budget Hotels Commercial
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      239 40 @JLL FOR SALE BY PRIVATE TREATY Opportunity to acquire a prime 999-year conservation shophouse on Amoy Street Site Area: 2,773 sq ft Existing GFA: approx. 8,000 sq ft Located within the vibrant Telok Ayer conservation area Walking distance to Telok Ayer MRT Stn Rental upside with approval for F&B use
      239 words
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      21 40 Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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      62 41 PRIMELOCATION,DISTINCTIVEBUILDINGANDCENTREOFSPECIALISTS Medical Suites for lease at Orchard Boulevard Prime location in the heart of tourist shopping and prime residential area of Orchard andTanglin Road •Multi-disciplinarymedicalcentrewithover100topspecialists •Radiology&Diagnosticlaboratories •CloseproximitytoGleneaglesandMtElizabethHospitals •AmpleparkingandshuttlebustoOrchardMRT F or l eas i n g en q u i r i es p l ease ca ll Audrey 6434 9808
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      390 41 ELEPHANT PARK Brought to you by Lend Lease A A oT ./j </V v *SSS S./5W& a* *r m m v. f a*. rf !>. m w s 3w-» uss SB III •vMSS Si «6» 45j| m. t» S jm ELEPHANT PARK -a •>* 1 m H* 2 «< ■>•«-
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      304 42 J A r 1 r 1 J J r r SAMSUNG NEW 12:45 Tue, 7 January J: Ml Swipe screen lo unlock I I ID 3 Subscribe* now to The Straits Times All-in-One PLUS package for 36 months and receive the new Samsung GALAXY Tab PRO (8.4" Display) LTE only
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