The Business Times, 15 April 2014

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Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, April 15, 2014
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  • Article
    Lock icon MAS keeps S$ strong as inflation threat stays
    797 1  -  Q1 GDP advance estimates disappoint, but economy expected to pick up By TEH SHI NING, KELLY TAY tshining@sph.com.sg @TehShiNingBT kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Growth in the first quarter was a disappointingly slow 5.1 per cent compared with a year earlier, but economic activity
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  • Article
    Lock icon CapitaLand makes $3.06b offer for CMA
    657 1  -  It plans to delist CMA to enhance strength in integrated projects By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] In a move to simplify its group structure and enhance its strength in integrated projects, CapitaLand has launched a $3.06 billion voluntary cash offer for CapitaMalls Asia
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,214.83 (+16.61) GST INDEX FUTURES 3,187.00 (+16.00) GSIMSCI 363.53 (+0.99) GSIMSCI FUTURES 360.70 (+2.20) US$ S$ US$ (S$ per US$) 1.252 (US$/S$ per 1.673 2.095 EURO (US$/S$/€ 1.385 1.734 Foreign currency per US$ S$ YEN 101.60 81.10 RM 3.249 2.595 HK$ 7.753 6.193 BAHT 32.30 25.80 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,851.53 -1.13 NIKKEI 225 13,910.16 -49.89 HANG SENG 23,038.80 +35.16 SET INDEX 1,389.16 -0.40 JAKARTA COMP 4,864.88 +48.31 MANILA COMP 6,589.55 -7.41 SEOUL COMP 1,997.02 -0.42 SHENZHEN B 852.04 +5.79 MUMBAI IND 22,628.96 -86.37 12noon EDT Change DOW 16,139.39 +112.64 NASDAQ 4,037.57 +37.83
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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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      256 1 OPINION Obama’s Asia trip to test ‘pivot’ commitment PAGE 29 WORLD CUP CEOs to raise funds for charity by adopting teams PAGE 2 PARLIAMENT SingTel unlikely to profit from World Cup: Minister PAGE 2 HOCK LOCK SIEW Trading halts: better procedures needed PAGE 4 Keeping the Singapore dollar strong I
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      4 1 887 18 1 '*****4
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  • TOP STORIES
    • Article, Illustration
      Lock icon SingTel unlikely to profit from World Cup: Minister
      656 2  -  Govt to review current crosscarriage policy and anti-siphoning list BV LEE U-WEN |éeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] It is “unfortunate” that Singapore is a price-taker, and not a price-setter, when it comes to paying for premium sports content on TV such as the upcoming
      656 words
    • Article
      Lock icon Beijing jumps into top 10 cities with global appeal in survey
      480 2 Its ability to draw investment behind climb: AT Kearney Bloomberg [LONDON] Beijing’s ability to draw business investment helped vault it into the top 10 of cities with the greatest global appeal. The Chinese capital landed at eighth of 84
      Bloomberg  -  480 words
    • Article, Illustration
      Lock icon World Cup: CEOs to raise funds for charity by adopting teams
      680 2  -  By MICHAEL CHUA chuamc@sph.com.sg [SINGAPORE] Even if you are not planning to sweat it out in Brazil this June, you don’t have to be a passive follower of the World Cup action. Chief executives may want to join Co-ca-Cola’s
      PHOTO: YEN MENG JIIN  -  680 words
    • Article
      Lock icon NTUC unveils proposals for MediShield Life
      506 2  -  Recommendations cover deductibles, co-insurance rates By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] The National Trades Union Congress (NTUC) has released recommendations on what the new MediShield Life should incorporate to ensure healthcare remains affordable and accessible to Singaporeans. MediShield Life, which is to be the
      506 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      294 2 MAS keeps S$ strong THE central bank has decided to keep Singapore dollar appreciating along the same “modest and gradual” path it has stuck to since April 2012. FRONT PAGE CapitaLand in $3.06b offer for CMA CAPITALAND has launched a $3.06 billion voluntary cash offer for CapitaMalls Asia
      294 words
    • Article, Illustration
      Lock icon Keeping the Singapore dollar strong
      577 3 The Monetary Authority of Singapore (MAS) aims to ensure price stability as a basis for sustainable economic growth. Singapore’s central bank manages the exchange rate, rather than the interest rate, given Singapore’s small and open economy. When the Singapore dollar is strong, imports become less
      BT Graphics: Teh Shi Ning, Kelly Tay, Simon Ang & Noardin Ayob; Sources: MTI, MAS, Department of Statistics, economists' reports  -  577 words
    • Article
      Lock icon MAS ready to intervene to curb currency volatility
      840 3  -  HSBC sees Singapore dollar outperforming the other Asean currencies By TEH SHI NING tshining@sph.com.sg @TehShiNingBT [SINGAPORE] The Monetary Authority of Singapore (MAS) made clear yesterday that it “stands ready to curb excessive volatility” in Singapore’s currency, backing the market’s view that the
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      132 2 without limits j r~U 0 Singapore20l4 23-25 April, 2014 Marina Bay Sands, Singapore www.semiconsingapore.org Visit Southeast Asia’s Only Microelectronics Manufacturing Event Spotlight on Enabling Mobility for loT with Advanced Semiconductor Technology Innovation— A Southeast Asia Perspective Excellent Business Matching Platform More than 40 hours of First-Rate Technical Programs encompassing the
      132 words
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  • COMPANY NEWS
    • Article
      Lock icon Wheelock, HPL trading halt fuels market talk
      241 4  -  BY KALPANA RASHIWALA kIa|pana@sph.com.sg @Ka|panaBT SHARE trading in both Wheelock Properties (S) and Hotel Properties Ltd (HPL) was halted yesterday, sparking market speculation on what is afoot for the companies. Wheelock has a one-fifth stake in HPL. Among the few scenarios swirling in
      241 words
    • Article
      Lock icon Trading halts: better procedures needed
      827 4  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg @RSivanithyBT Trading halts are one of the most common occurrences in daily market life and are mandatory when listed companies make material announcements such as mergers, rights issues or placements. Yet despite their significance, it is surprising to
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    • Article
      Lock icon Wilmar forms Myanmar sugar JV
      372 4  -  Funding will come from internal means By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT WILMAR International, in agreeing to form a sugar joint venture with a Myanmar producer yesterday, added yet another piece to its growing sugar empire. Through the joint venture with Great Wall Food Stuff Industry
      372 words
    • Article
      Lock icon M1’s Q1 net up 4.4% at $42.8m
      456 4  -  By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT M1 posted a 4.4 per cent increase in net profit at $42.8 million for the first quarter ended March 31, 2014, yesterday. Operating revenue shrank 1.2 per cent to $240.2 million as handset sales and revenue from international
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    • Article
      Lock icon Goldman Sachs countersues client over October stock rout
      247 4 Bloomberg GOLDMAN Sachs Group and Lynne Ng Su Ling, an independent director at LionGold Corp, traded lawsuits in London over payment demands after shares owned by Ms Ng and held by the bank as debt collateral plunged in an October stock rout.
      Bloomberg  -  247 words
    • Article, Illustration
      Lock icon Distributable income up at Keppel Reit
      664 7  -  K-Green Trust posts 9.4% increase in Q1 profit By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT KEPPEL Reit posted a record quarterly distributable income of $55.1 million, up 5.5 per cent year on year, for its first quarter ended March 31, 2014. This translated into a distribution
      ST FILE PHOTO, KEPPEL CORP  -  664 words
    • Article
      Lock icon Pteris, dissenting director meet SIAS separately
      437 7  -  Director wants 5 out of board over firm’s financial health, RTO By JAIRA KOH jairakoh@sph.com.sg PTERIS Global’s tussle with one of its directors over its financial performance and the terms of a proposed reverse takeover (RTO) continued in the Securities Investors Association (Singapore) (SIAS)
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    • Article
      Lock icon Hedge fund assets to hit new high: survey
      381 8  -  Total assets under management seen reaching US$2.8 trillion this year By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT TOTAL assets managed in hedge funds are expected to hit an all-time high this year, a recent survey from Credit Suisse has found. It also revealed that
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    • Article, Illustration
      Lock icon nTan sues SunMoon over advisory fees
      408 8  -  It says fees relate to securing investors for the company By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT FRUIT distributor and food ingredients maker SunMoon Food Company has been sued by nTan Corporate Advisory for 2.06 billion shares, or $2.06 million, in allegedly unpaid fees. The fees
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    • Article
      Lock icon GPH offer terms fair but not compelling, says financial adviser
      306 8  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT PROVENANCE Capital, the independent financial adviser tasked with reviewing the offer for Global Premium Hotels (GPH), said that the financial terms of the offer were “fair” but “not so compelling”. GPH’s chairman, Koh Wee Meng,
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    • COMPANY BRIEFS
      • Article
        Lock icon Cache in deal with DHL to develop warehouse
        118 8 CACHE Logistics Trust has entered into an agreement with DHL Supply Chain Singapore to develop and lease a build-to-suit warehouse in Tampines LogisPark at an estimated total development cost of $105.1 million. The development will comprise two blocks with a total net
        118 words
      • Article
        Lock icon ST Electronics inks contracts worth $581m
        49 8 SINGAPORE Technologies (ST) Engineering’s electronics arm, ST Electronics, inked $581 million worth of contracts in the first quarter of this year. These were in a range of areas including intelligent transportation, satellite and broadband communications, and advanced electronics and information communications technologies (ICT).
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      • Article
        Lock icon First Reit declares 14.4% rise in Q1 DPU
        72 8 FIRST Real Estate Investment Trust (First Reit) posted a 14.4 per cent increase in its distribution per unit from 1.74 cents to 1.99 cents, for the first quarter ended March 31, 2014. Distributable income grew 22.3 per cent to $14.2 million. Net
        72 words
      • Article
        Lock icon CCM agrees to form JV with Spanish firm
        111 8 CCM Group (CCM) has agreed to form a joint venture with Spanish architecture firm, ART Proyectos Y Arquitectura SL (ART). CCM’s wholly owned property subsidiary, CCM Property Pte Ltd, will hold 51 per cent of the joint venture firm, while ART will
        111 words
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      517 4 ASIA POWER CORPORATION LIMITED (Company Registration No.: *****1487C) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Asia Power Corporation Limited (the “Company”) will be held at Republic of Singapore Yacht Club, Nautica l, Level 2, 52 West
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      2407 5 6.2 Compulsory Acquisition. Pursuant to Section 215(1) of the Companies Act, Chapter 50 of Singapore, if the Offeror receives valid acceptances of the Offer or acquires such number of Offer Shares during the Offer period otherwise than through valid acceptances of the Offer in respect of not less than 90%
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market up amid cautious trading
      680 6  -  ST Index propped up by large gains in stocks belonging to Jardine group STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent LARGE gains in the Jardine group of stocks yesterday added about 10 points to the Straits Times Index, pushing the index up 16.61 points to
      Source: Bloomberg  -  680 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Apr 14 VALUE CLOSE BT OB/OS -29.00 -27.00 BT CADI -*****.00 +33.00 BT 10-day MA -*****.00 -3.00 FTSE ST Mid Cap 736.31 +2.92 FTSE ST Small Cap 544.99 +0.46 FTSE ST All Share 780.13 +3.64 FTSE ST China Top 198.76 -0.35 FTSE ST China 226.99 +1.10 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Memstar Tech 333,440,000 HanKore Env 169,582,000 Cacola 108,181,000 Charisma Energy 48,504,000 PNEMicron 37,934,000 Equation 37,610,000 Albedo 35,227,000 APAC Strategic R 33,579,000 KLW Hldgs 29,964,000 Noble Grp 26,560,000 VALUE($) DBS Grp 49,004,268 Olam 40,044,600 Keppel Corp 39,718,004 OCBC Bk 38,712,690 UOB 37,876,300 Wilmar 34,138,526 Noble Grp 33,048,290
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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 9 2 3 0 0 0 9 2 3 Manufacturing 50 47 36 6 9 8 56 56 44 Commerce 22 15 24 4 5 3 26 20 27 Tpt/Stor/Comms 14 12 11
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      867 6  -  Compiled by TEH SHI NING Keppel Corp April 14 close: $11.17 DMG& Partners Research, April 14 KEPPEL Corp (Keppel) announced that FELS Offshore, a whol-ly-owned subsidiary, has signed a 30-year management-services agreement with Titan Petrochemical Group Limited (Titan) and Titan Quanzhou Shipyard (TQS) to manage the TQS shipyard
      Source: Bloomberg  -  867 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,084 13,084 58,434 58,434 Manufacturing 636,575 133,813 770,388 128,236 6,005 134,241 Commerce 104,466 66,807 171,273 127,611 3,721 131,332 Tpt/Stor/Comms 83,961 3,308 87,269 98,611 387 98,999 Finance 29,078 45 29,123 138,466 15 138,481 Construction 61,314 55,564
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 1.805 CapitaLand 2.920 CapitaMall Trust 1.960 -0.005 CityDev 10.230 +0.010 ComfortDelGro 2.010 DBS Grp 16.630 +0.100 GLP 2.570 +0.010 Genting SP 1.320 +0.005 Golden Agri-Res 0.585 -0.005 HK Land 6.930 +0.150 HPH Trust US$ 0.670 +0.010 JMH 61.290 +0.630 JSH 35.700
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    • Article, Illustration
      Lock icon Euro falls most in 3 weeks on stimulus signal
      519 6 CURRENCIES Bloomberg [LONDON] The euro dropped the most in three weeks against the dollar after European Central Bank president Mario Draghi said that further appreciation in the currency would trigger more monetary stimulus. The 18-nation currency fell versus all except two
      Bloomberg; PHOTO: BLOOMBERG  -  519 words
    • Article
      Lock icon RISES
      112 6 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ ***** 246.6 0.7 JSH 3570 136.5 3.1 GLD 10US$ ***** 131.4 0.8 Lyxor Indonesia10US$ 8892 100.1 0.9 DBXT AUDCS 5SG$ ***** 94.0 0.4 Jardine C&C 4735 91.0 2.0 JMH 6129 78.9 1.0 DBXT AUDCS 5US$ ***** 56.3 0.2 Hyflux 6% CPS 10
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    • Article
      Lock icon FALLS
      131 6 BY CENTS CLOSE DOWN SPDRS S&P 500 10US$ ***** -657.2 -2.8 SPDR DJIA 10US$ ***** -190.3 -0.9 DBXT EONIA 5US$ ***** -117.7 -0.5 DBXT E50 10US$ 5241 -87.6 -1.3 DBXT FTVietnam 10US$ 2860 -60.1 -1.7 DBXT MSUSA 10US$ 4538 -55.1 -1.0 DBXT iBoxxKR 5US$ ***** -42.6 -0.2 DBXT S&P500
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      161 7 Lars Seier Christensen, Co-CEO Co-Founder 1 5:42 Moscow, Russia One platform. One account. One organisation. One insight. One good idea. One instantly executed trade That's what makes the difference. You know that and so do we. That's why as a number one trading platform*, we offer you one point of
      161 words
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      85 8 DON’T HORSE AROUND. GIDDYUP! The Chinese language is beautiful. But when you mess it up, things can get pretty ugly. If you don’t fancy getting kicked or being left lagging behind, improve your grasp of the language via NewsTalk. Head for success, not disaster. Head for NewsTalk. Try out this
      85 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Govt to raise supply of shop, factory space in next 3 years
      559 9  -  This is to ensure enough supply for businesses planning for the long term YESTERDAY IN PARLIAMENT Reports by LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT THE government will make more factory and shop space available over the next three years to
      FILE PHOTO  -  559 words
    • Article
      Lock icon Minister updates MPs on border controls
      503 9 ABOUT 7,000 Singapore passports were reported stolen or lost each year over the past five years. During that same period, some 350 people were caught at Singapore’s various checkpoints with passports that did not belong to them, or were forged or tampered with. These
      503 words
    • Article, Illustration
      Lock icon Alcon opens eye-drug plant here
      407 9  -  By GOH KANG SHIONG gohkangs@sph.com.sg EYE-care firm Alcon yesterday officially opened its first Asia-Pacific eye-care drug manufacturing plant here, a facility housing production, packaging and distribution under one roof. The $200 million plant, which started commercial operations last July, spans 330,000 sq ft of space
      407 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon NUS inks MOU to develop life sciences
        133 9 THE National University of Singapore (NUS) and global firm Thermo Fisher Scientific have formed an alliance to advance life sciences research in Singapore, after inking a Memorandum of Understanding (MOU) yesterday. Facilitated by NUS Industry Liaison Office, part of NUS Enterprise, the alliance
        133 words
      • Article
        Lock icon HL Finance offers higher fixed deposit rates for pioneers
        133 9 HONG LEONG Finance has launched a fixed deposit promotion for Singaporean depositors aged 65 and older. Starting today, the promotion will last 65 days. The rates are amongst the highest to help the pioneer generation grow their wealth, said Hong Leong
        133 words
    • Article
      Lock icon Stiffer penalties for directors in tax, AGM cases
      467 9  -  They failed to file annual returns and hold AGMs on time By MICHELLE QUAH michquah@sph.com.sg@MichelleQuahBT THREE company directors were hauled to court and fined a total of $17,800 yesterday for failing to file their annual returns and hold their annual general meetings
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      95 9 EXECUTIVE EDUCATION PROGRAMS I THE UNIVERSITY OF CHICAGO BOOTH SCHOOL OF BUSINESS 9 Pure Chic Right On Your Doorstep S: v-J MSS y. > 1 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
      95 words
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  • SME Inc
    • Article, Illustration
      Lock icon Man or machine, every one counts
      891 10  -  Precision cleaning equipment maker JCS-Echigo stays focused on its commitment to customers and products, reportsKARA KARA QUEK karaquek@sph.com.sg AT JCS-Echigo, a maker of precision cleaning equipment for the hard disk drive industry, products are treated like family. “In a way, we treat every machine
      ARTHUR LEE  -  891 words
    • Article, Illustration
      Lock icon Mobile payments can be a business enabler
      1073 10  -  Opportunity to enhance customer satisfaction, cost-efficiencies, productivity COMMENTARY By MARC MATHENZ The writer is senior vice-president and head of First Data Asia Pacific THE rapid rise in mobile technology usage and ubiquitous connectivity heralds the arrival of a mobile payments revolution. The world
      FILE PHOTO  -  1,073 words
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  • EMERGING ENTERPRISE 2014
    • Article, Illustration
      Lock icon The value of values
      1289 11  -  For RSM Chio Lim’s Tay Woon Teck, building a strong set of corporate values is crucial to sustainable growth, reportsKENNETH KENNETH LIM kenlim@sph.com.sg@KennethLimBT IN the quest for better corporate governance, it might help to occasionally look past the codes and regulations and consider the fundamental goals
      ARTHUR LEE  -  1,289 words
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      208 11 The Emerging Enterprise Award 2014 is open for applications Over S$1.4 million worth of prizes to be won. Apply by 2 May 2014, Friday. For a copy of the application form, please visit www.EEaward.com Jointly Presented by: Official Auditor: Supported by: Innovation Partner: Preferred Payment Solutions Partner: BUSINESS SMART CREDIT
      208 words
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  • MALAYSIA
    • Article
      Lock icon Dialog unit served with damages claim
      468 12  -  Notice clouds firm’s completion of Phase 1A of Pengerang Terminal in Johor By PAULINE NG in Kuala Lumpur IT was a mixed week for Malaysia’s oil and gas company Dialog Group Bhd. Over the weekend, it successfully completed Phase 1A of Pengerang Terminal in
      468 words
    • Article, Illustration
      Lock icon Shares of M’sian glove-makers slide
      454 12  -  BY S JAYASANKARAN in Kuala Lumpur SHARE prices of Malaysia’s glovemakers eased across the board yesterday as Putrajaya approved a 20 per cent hike in industrial gas tariffs at the close of trading on Friday. But it’s not likely to derail their earnings fundamentally. The
      PHOTO: BLOOMBERG  -  454 words
  • Page 12 Advertisements
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      2944 12 mma notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices SOUP RESTAURANT GROUP LIMITED (UEN *****3597Z) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Soup Restaurant Group Limited (the “Company”) will be held at 150 Kampong Ampat #04-01,
      2,944 words
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      1890 13 OTTO MARINE LIMITED (Incorporated in the Republic of Singapore) (UEN: *****2647M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Fourth Annual General Meeting of Otto Marine Limited (the “Company”) will be held at the Libra/Gemini Room, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore
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      2845 13 IS SMG SINGAPORE MEDICAL GROUP Singapore Medical Group Limited (Incorporated in the Republic of Singapore on 10 March 2005) (Company Registration Number: *****3187W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting ("AGM”) of Singapore Medical Group Limited (the “Company”) will be held at 290
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  • GREATER CHINA
    • Article
      Lock icon Beijing tightens oversight of trust companies
      639 14 Govt moving to rein in risk of defaults before they turn into systemic crisis Bloomberg [SHANGHAI] China’s banking regulator ordered owners of the country’s 68 trust companies to be prepared to provide funding or sell their stakes as the risk of defaults rises in
      Bloomberg  -  639 words
    • Article, Illustration
      Lock icon China’s Q1 growth seen easing to 7.3%: survey
      761 14 AFP [BEIJING] China’s economic expansion slowed in the first three months of this year, according to an AFP survey, and remains on track for its worst annual performance in nearly a quarter of a century as reform priorities trump growth concerns. Gross
      AFP; PHOTO: REUTERS  -  761 words
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      2601 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices ACTION ASIA LIMITED (Incorporated in the Republic of Singapore Company Registration No. *****6715M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2014 Annual General Meeting (the "Meeting") of ACTION ASIA LIMITED will be held at Mandarin Ballroom 2,6
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      115 15 Real Estate Show Myanmar 2014 Urban Development Conference 2014 25 28 May 2014 Traders Hotel Yangon, Myanmar EVENT HIGHLIGHTS 3 days of cutting-edge content Firsthand insights into Myanmar’s urban development plans Investment and partnership opportunities Co-located with Myanmar Development Conference 2014 and Real Estate Show Myanmar 2014 40+ urban and
      115 words
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      2807 15 JB FOODS LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****0268D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Raffles Marina, Chartroom at 10 Tuas West Drive, Singapore *****4 on Wednesday, 30 April 2014 at
      2,807 words
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  • INDIA
    • Article, Illustration
      Lock icon Election campaign sweetens demand for India sugar mills
      580 16 Prices forecast to hit record high this month, up at least 10% from April last year Reuters [MUMBAI] Namdev Desai, manager of a small restaurant near the Congress party’s office in south Mumbai, has stocked up on cold sugary drinks in the
      Reuters; PHOTO: REUTERS  -  580 words
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      85 16 26 29 June 2014 SUNTEC Singapore Halls 401 404 Looking to sell your food products, cooking solutions, kitchen appliances accessories to an expected turnout of 250,000 visitors? fb.com/singaporefoodshows Book Your Space NOW! *Limited Booths Available For more information call *****620 or Email: sales@exhibitsinc.com.sg foodandkitchen.com.sg Organised By: Our Food Shows: (Organiser
      85 words
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      2527 16 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CHINA BEARING (SINGAPORE) LTD. 中 (Incorporated in the Republic of Singapore) (Company Registration No. *****2048E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Ninth Annual General Meeting of CHINA BEARING (SINGAPORE) LTD. (the “Company”) will be held at the
      2,527 words
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      34 17 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices <[,!({'!$/$.!*-'~,$:.?[}^_)|-?/ Get rid of the new neighbours Hire pest control specialists or publicise your services in CLASS 116 To advertise, call the Print Classified Hotline: 1800-289 9988
      34 words
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      2326 17 SunVic Chemical SunVic Chemical Holdings Limited SUNVIC CHEMICAL HOLDINGS LIMITED (Company Registration No. *****6502E) (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 Orchard Room, Level 4, Raffles City Convention Centre, 80
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  • WORLD
    • Article
      Lock icon China-HK consortium pays US$6 billion for Peru copper mine
      399 18 Commodities trader Glencore Xstrata is seller of the Las Bambas mine Reuters [BEIJING] Glencore Xstrata has sold its interest in the Las Bambas copper mine in Peru to a Chinese consortium in a US$6 billion cash deal, making it one of
      Reuters  -  399 words
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      Lock icon Japan floating rate bonds to calm inflation-wary elderly
      607 18 Bloomberg [TOKYO] Japan’s government is seeking to reassure the world’s oldest population that sovereign debt can withstand inflation by selling more floating-rate bonds. A record 5.19 trillion yen (S$63.9 billion) of bonds sold to households, including those with coupons that change according
      Bloomberg  -  607 words
    • Article
      Lock icon Citigroup, Korean bank report leak of client data
      296 20 Staff of the two firms may have been involved: Yonhap Bloomberg [SEOUL] Citigroup Inc and Industrial Bank of Korea said client information was leaked from their South Korean leasing and consumer credit units, the latest instances of data breaches at financial firms
      Bloomberg  -  296 words
    • Article, Illustration
      Lock icon Citigroup cuts up to 300 jobs amid bond trading slump
      372 20 Reductions constitute 2% of the workforce in bank’s global markets business Bloomberg [NEW YORK] Citigroup Inc, the third-largest US bank, cut 200 to 300 jobs in its division handling stock and bond trades to shrink costs amid a slump in
      Bloomberg  -  372 words
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      Lock icon UBS sees Aussie rally delaying RBA rate hikes
      646 20 Higher A$ doesn’t reflect better growth outlook, says bank Bloom berg [SINGAPORE] The Australian dollar’s 4.7 per cent rally in the past three months is damping the bond market’s expectations for economic growth, supporting UBS AG’s view the central bank will keep
      Bloomberg; BLOOMBERG FILE PHOTO  -  646 words
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      Lock icon GSK faces bribery probe in Poland
      446 22 Drugmaker has been allegedly bribing doctors to promote the drug Seretide Reu ters [WARSAW] GlaxoSmithKline is facing a criminal investigation in Poland for allegedly bribing doctors to promote its lung drug Seretide, adding to problems for a company already accused of corruption in China
      Reuters  -  446 words
    • Article
      Lock icon Five Korean firms bag US$7.2b Kuwait orders
      329 22 The contracts are for expansion and other work at 2 refineries Reuters [SEOUL] Five South Korean companies have won a combined US$7.2 billion in orders from Kuwait National Petroleum Company to expand capacity and improve environmental standards at two oil refineries. The contracts,
      Reuters  -  329 words
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      Lock icon ECB to set scenario for bank stress tests
      871 23 Challenge is to find one that stresses banks without unsettling investors Bloomberg [BRUSSELS] European officials are about to decide how much pain their banks should be able to take. European Central Bank (ECB) and European Union (EU) regulators will hold conference calls
      Bloomberg; PHOTO: BLOOMBERG  -  871 words
    • Article
      Lock icon Goldman stands by gold target of US$1,050
      243 23 Bloomberg [SINGAPORE] Gold will resume a decline as US economic growth accelerates, according to Goldman Sachs Group Inc, which reiterated a forecast for the metal to end the year at US$1,050 an ounce. Bullion’s recent rally was spurred by poor US data probably
      Bloomberg  -  243 words
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      Lock icon Retail sales post biggest gain in 1-1/2 years
      412 24 They rise 1.1% in March; receipts up in most categories LATEST US DATA Reuters [WASHINGTON] US retail sales recorded their largest gain in 1-1/2 years in March, in the latest sign the economy was emerging from its weather-induced slumber and on track
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    • Article
      Lock icon World trade forecast to grow 4.7% this year
      637 24  -  Economists expect growth to rise in ‘15 due to performance of Asian economies By D RAVI KANTH In Geneva GLOBAL trade is forecast to grow at 4.7 per cent this year and to increase to 5.3 per cent next year because of
      637 words
    • BRIEFING
      • Article
        Lock icon Ferrari boss quits over poor performances
        128 24 AFP [ROME] Ferrari’s Formula One boss Stefano Domenicali quit yesterday over the legendary Italian team’s disastrous start to the 2014 season. “It is time for a significant change,” he said in a statement announcing his resignation. Ferrari have failed to get in the top
        AFP  -  128 words
      • Article
        Lock icon EU approves 1b euro Ukraine aid package
        140 24 AFP Reuters [SLAVIANSK] The European Union yesterday formally approved a one-billion-euro (S$1.73 billion) assistance package to help Ukraine’s interim authorities overcome the country’s deep financial problems. EU foreign ministers meeting in Luxembourg also signed off on a plan to lower customs duties on
        AFP; Reuters  -  140 words
      • Article
        Lock icon Manila spending more to reduce poverty
        89 24 AFP [MANILA] The Philippines yesterday announced plans to spend more on infrastructure and introduce other reforms to try to lift millions out of poverty. Chief among the poverty-fighting measures is an increase in infrastructure spending to 5 per cent of gross domestic product by
        AFP  -  89 words
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      Lock icon Thailand faces recession amid power struggle
      898 25 Months of violence, anti-govt blockades seen costing 300b baht in lost revenue Reuters [BANGKOK] The golden Buddha statues, amulets and lucky charms that festoon Sakuntala Mettawong’s tiny Bangkok cellphone shop are not helping business. It’s peak time, but customers are scarce at the usually
      Reuters; PHOTO: REUTERS  -  898 words
    • Article
      Lock icon US shrinking budget deficits silence critics
      628 26 2014 deficit forecast to be the lowest in 6 years, down 60% from 2009’s US$1.4t Bloom berg [WASHINGTON] Six months ago, global finance officials meeting in Washington berated the US for failing to put its fiscal house in order. This time, the critics were
      Bloomberg  -  628 words
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      Lock icon Feb eurozone factory output edges up
      440 26 Figures point to slow and fragile recovery: analysts AFP [BRUSSELS] Eurozone industrial output edged higher in February, official data showed yesterday, in line with recent data showing a very modest economic recovery in the single currency bloc. The activity of the industrial sector is
      AFP; PHOTO: BLOOMBERG  -  440 words
  • Page 18 Advertisements
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      2308 18 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices (Incorporated in the Republic of Singapore) (Company Registration No. *****1631D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SHC Capital Asia Limited (the “Company”) will be held at Marriott Hotel Singapore, 320 Orchard Road,
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      1143 18 dhlFIBER UNITED FIBER STSTEM LTD UNITED FIBER SYSTEM LIMITED (Company Registration No. *****8589E) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of United Fiber System Limited (“the Company") will be held at Orchid Country Club, Emerald Suite, 1
      1,143 words
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  • Page 19 Advertisements
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      2433 19 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CNA GROUP LTD. (Incorporated in the Republic of Singapore) (Co. Reg. No. *****0449K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Fourth (24th) Annual General Meeting of CNA Group Ltd. will be held at Tanglin Room 1, RELC International
      2,433 words
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      1724 19 JASON HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****9167Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Jason Holdings Limited (the “Company”) will be held at 16 Tampines Street 92, JP Building, Singapore *****3 on Wednesday 30 April 2014
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  • Page 20 Advertisements
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      2506 20 notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices <1 SINOTEL TECHNOLOGIES LTD. (Company Registration Number *****4275R) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SINOTEL TECHNOLOGIES LTD. (the "Company") will be held at Conference Room 1, Level 2,
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  • Page 21 Advertisements
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      5095 21 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ADVENTUS HOLDINGS LIMITED Company Registration No. *****1072R (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 NUSS Kent Ridge Guild House, 9 Kent Ridge
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  • Page 22 Advertisements
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      1549 22 a* wats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SITRA HOLDINGS (INTERNATIONAL) LIMITED (Company Registration No.: *****1237E) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Sitra Holdings (International) Limited (“the Company”) will be held at 18 Sungei
      1,549 words
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      Lock icon Page 22 Advertisements Column 2
      1367 22 ADVANCE SCT LIMITED Registration No. *****4283C (Incorporated in Singapore) (The “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of Advance SCT Limited will be held at 65 Tech Park Crescent, Singapore *****7 on Wednesday, 30 th April 2014 at 10.00 a.m. for
      1,367 words
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      Lock icon Page 22 Advertisements Column 3
      85 22 HOT PROPERTY ,rr S3 If ftV/food 4 warehse/ 'canf 2 Terr Tuas View Sq 8 For saie/rent. Overhead crane Suit, r 6 9 metal works, oil Gas^nd"^ 9 Bendemeer MRT 947sf f x/f 63 yrs (ease. Call now! X FACTORY SPACE FOR SALE Check this and many other properties in
      85 words
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  • Page 23 Advertisements
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      2222 23 4 J P Toll free 1800-289-8822 f B| I |\I 1 I I I Email notices@sph.com.sg W I I i j www.cats.com.sg/notices BEST WORLD INTERNATIONAL LIMITED (Company Registration No. *****6030Z) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting
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  • Page 24 Advertisements
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      3052 24 notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ANNICA HOLDINGS LIMITED (Company Registration No. *****4025N) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (the “AGIVI") of the Company will be held at Republic of Singapore Yacht Club, Nautica III,
      3,052 words
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  • Page 25 Advertisements
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      3073 25 V WATS3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices A PAN ASIAN HOLDINGS LIMITED (Company Registration No.: *****2790N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 2 Tractor Road, Singapore *****6 on Wednesday, 30 April 2014 at
      3,073 words
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  • Page 26 Advertisements
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      1814 26 SOUTHERN PACKAGING GROUP LIMITED (Company Number: *****3312N) (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 Raffles City Convention Centre, Level 4, Minto, 80 Bras Basah Road, Singapore *****0 on Wednesday, 30
      1,814 words
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      Lock icon Page 26 Advertisements Column 2
      105 26 Ref: IAS/MIS/2014/587 Date: 10th April 2014 CALL FOR EXPRESSION OF INTEREST (EOI) TO DEVELOP A TOURIST RESORT AT THAA ATOLL RUHTHIBIRAH, REPUBLIC OF MALDIVES Island Aviation Services Limited, a limited liability company duly incorporated under the laws of Republic of Maldives, having its principal place of business at 26, Ameer
      105 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Underwater vehicle to scan ocean floor in MH370 probe
      705 27 Scouring of water surface for debris will be called off in 2-3 days Bloomberg [SYDNEY] Investigators hunting for the missing Malaysia Airlines jet will deploy an underwater vehicle to scan the ocean floor as the absence of new signals suggests that
      Bloomberg  -  705 words
    • Article, Illustration
      Lock icon Abu Dhabi Ports forecasts surge in traffic
      734 27 Big infrastructure projects seen giving ports year-end boost Reu ters [ABU DHABI] State-owned Abu Dhabi Ports Co (ADPC) expects a surge in shipping traffic towards the end of this year as work on major infrastructure projects in the United Arab Emirates capital gathers
      Reuters; PHOTO: REUTERS  -  734 words
    • Article
      Lock icon TRANSPORT STOCKS
      240 27 SGX '000 Apr 14 S$ +/-Vol Ch Offshore 0.43 0.01 125 Chuan Hup Hldg 0.26 -0.01 138 Apr 14 Cwt Limited 1.50 unch 268 Ezra Hldgs 1.07 unch 2457 First Ship Lea 0.11 unch 1092 Grand Banks...............0.23 0.01 1069 Jaya Hold Ltd 0.01 K1Ventures 0.20 unch 624 Keppel
      240 words
    • Article
      Lock icon EU removes Cebu Air from list of unsafe airlines
      399 27 Bloomberg [ATHENS] The European Union has lifted a ban on Cebu Air of the Philippines and all Swaziland-based airlines under the latest changes to a list of unsafe carriers. The EU said that “the gradual improvement in air safety in the
      Bloomberg  -  399 words
  • Page 27 Advertisements
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      1137 27 CACOLA FURNITURE INTERNATIONAL LIMITED (Incorporated in the Cayman Islands) (Co. Reg. No: CT -*****2) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Cacola Furniture International Limited (the “Company”) will be held at Hotel Re! Pearl’s Hill, Re! Tune Re! Call, Level 2, 175A
      1,137 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      322 27 CRYPTIC CROSSWORD Across 1 Tool, rasp initially wrapped in cloth (6) 5 Confront eccentric king, perhaps (4,4) 9 Fetching article, number costing much less than it should (5,3,1,4) 10 Find a way around spin and pace (8) 11 Continue to imagine parking’s not available (6) 12 Not as busy in
      322 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Wall St selloff – growth is the worry
      533 28 Wall St selloff growth is the worry EDITORIAL WALL Street’s sharp losses last week the Dow Jones Industrial Average fell 386 points or 2.3 per cent and the S&P 500, about 50 points or 2.7 per cent have been described by sources as a “much needed correction”, particularly since they
      533 words
    • Article, Illustration
      Lock icon Are US consumers finished with deleveraging?
      704 28  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writ ers Group THE deleveraging of America is over, or mostly over and that’s good news and possibly bad. All that “leverage” (loans, debts, mortgages) impeded recovery. Borrowers were overborrowed. Lenders were overlent. Credit standards were
      The Washington Post Writers Group  -  704 words
    • Article, Illustration
      Lock icon Closing the rural-urban infrastructure gap
      810 28  -  Modernisation worldwide needs to be part of a strategy for long-term growth By BERTRAND BADRÉ The writer is managing director and CFO of the World Bank Group Project Syndicate CONSIDER a simple statistic. Every month in the developing world, more than five million people migrate
      Project Syndicate; PHOTO: AFP  -  810 words
    • Article, Illustration
      Lock icon Obama’s Asia trip to test ‘pivot’ commitment
      1123 29  -  That America’s allies are showing nationalist attitudes is not helping LEON HADAR Washington Correspondent IT HAS become an all-too-familiar scenario: An American President plans a trip to East Asia or a Secretary of State accepts an invitation to attend a conference in the
      PHOTO: AFP  -  1,123 words
    • Article
      Lock icon Mitigating risks in third-party relationships
      790 29  -  By LAWRANCE LAI The writer is partner, Fraud Investigation Dispute Services, at EY in Singapore. He has led investigations into questionable transactions, debt financing, receivables and cash balances involving Singapore-listed entities with overseas subsidiaries and operations WITH the number of serious fraud incidents occurring across
      790 words
    • Article, Illustration
      Lock icon The great Greek rebound
      992 29  -  REUTERS BREAKINGVIEWS By HUGO DIXON GREECE is undergoing an astonishing financial rebound. Two years ago, the country looked like it was set for a messy default and exit from the euro. Now, it is on the verge of returning to the bond market with the issue
      PHOTO: REUTERS  -  992 words
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  • Article
    Lock icon SHIPPING TIMES
    1194 30 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
    1,194 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3614 31 Transaction date: Apr 14 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company 20 3.3 A-Sonic Aero 10.3 +0.1 1167 10.4 10.2 10.3 10.4 2.6 1.7 23.4 73.7 13.6 10.4 8Telecom Vol
      3,614 words
    • Article
      Lock icon SGX CATALIST
      315 32 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 8.8 6.5 t APAC Strategic R Div Gr Yld Net M Cap 1.9 0.9 t Advanced Systems
      315 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11455 32 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.54/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Smaller Cos' 1 9364/ China Opportunities! EM Local Ccy Bond 0 9071/ European Opportunities!" U?8S/ Global Emerging Markets'" Global
      11,455 words
    • Article
      Lock icon GLOBALQUOTE
      249 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 52 35.5 Genting HK US$ US39.5 unch 1227 39.5 39 39 39.5 2600.9 Last 328 191 TanChongInt HK315cd unch 15 315 315 313 320 9.7 3.3
      249 words
    • Article
      Lock icon SGX ETF
      1133 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.5 -0.3 29 114 113.5 113.5 114.2 518.1 143 119 CIMB APAC Div 100S$D 129.4 +0.2 129.4 129.4 128.2 130.7
      1,133 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      643 33 Apr 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.23 *****.29 *****.22 Jun14 *****.00 *****.00 *****.00 *****.00 *****6 *****7 Sep14 *****.00 *****.00 *****.00 *****.00 7 8601 MSCI TAIWAN INDEX FUTURES SPOT 315.72 315.86 314.34 Apr14 315.20 315.80 314.10 315.10 ***** *****8 May14 314.90
      643 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 33 In local curr In S$ In US$ dy yr dy yr dy yr Apr 11 Index Change Change Change Change Change Change World Preliminary 1166.0 -0.6 -1.6 -0.7 -2.1 -0.7 -1.0 EAFE Preliminary 930.6 -1.2 -2.7 -1.3 -2.2 -1.2 -1.0 Europe Preliminary 1353.2 -1.2 -0.1
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 33 Apr 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.031 5.838 0.678 7.286 56.554 107.409 0.955 9.770 3.053 1.086 90.611 41.814 1.176 9.921 0.824 28.390 30.354 0.562 0.940 Canada 0.970 5.663
      471 words
    • Article
      Lock icon SIBOR
      29 33 Apr 14 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) ..0.***** Source: Thomson Reuters
      29 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      82 33 Apr 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****T 31-Oct-14 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.33 5-Year NX*****W 2.5 01-Jun-19 105.42 105.55 105.50 10-Year NX*****H 2.750 01-Jul-23 102.88 102.98
      82 words
    • Article
      Lock icon PRECIOUS METALS
      140 33 Apr 14 GOLD(US$/oz) Apr 14 Apr 11 Hong Kong 1329.00 1320.00 Apr 11 Apr 10 London 1318.10 1320.41 1318.40 1320.94 Source: Thomson Reuters CAST BAR Apr 14 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 80 51 5gm 318 264 10gm 594 530
      140 words
    • Article
      Lock icon PALM OIL
      57 33 Apr 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 14 2685.0 2670.0 2685.0 2670.0 35 1293 May 14 2654.0 2667.0 2699.0 2654.0 1237 9276 Jun 14 2625.0 2635.0 2665.0 2618.0 ***** ***** Jul 14 2608.0 2618.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 33 Apr 14 Apr Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1762 1.1768 0.9396 0.9399 Canadian dollar 1.1407 1.1415 0.9117 0.9112 Euro 1.7339 1.7345 1.3851 1.3854 NZ dollar 1.0831 1.0840 0.8652 0.8658 Sterling pound 2.0941 2.0950 1.6729
      156 words
    • Article
      Lock icon CHICAGO BOT
      109 33 Apr 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1463.00 1482.25 1482.25 1460.75 Jul 14 1447.25 1465.50 1465.25 1444.00 Aug 14 1379.00 1388.75 1387.50 1372.50 Sep 14 1267.75 1275.00 1274.00 1263.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14
      109 words
    • Article
      Lock icon LIFFE
      94 33 Apr 11 COCOA (£/tonne) Close Prev High Low May 14 1876 1862 1879 1861 Jul 14 1884 1869 1889 1868 Sep 14 1884 1870 1888 1869 Dec 14 1876 1861 1878 1861 COFFEE(US$/tonne) Close Prev High Low May 14 2141 2162 2172 2137 Jul14 2142 2158 2170 2134 Sep
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1037 33 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 38 0.3 1 73 0.63 51 Asia-Pacific Strategic W*****6 Ratio Exer Albedo Limited W*****9 Prem Asiatic Grp(Hldgs) Ltd W*****5 2.2 -0.1 710 0.0 2 17 Asiatravel.com HoldingsW*****7 2.8
      1,037 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 33 CRUDE OIL PRODUCTS Apr 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.74 0.24 WTI (Near Mth) 103.53 0.21 Dubai (1-Mth F) 103.95 -0.13 Tapis blend 111.10 -0.40 Minas 108.40 -0.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.17 0.28 Jet Kerosene 119.38 -0.80 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 33 Apr 14 S$ Bid Offer 1-month 1.2518 1.2520 2-months 1.2517 1.2520 3-months 1.2517 1.2519 6-months 1.2515 1.2517 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 33 Apr-11 Apr-11 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1848.00 1858.25 3 months 1884.00 1892.00 Copper, Grade A(US$/tonne) Cash 6664.50 6659.50 3 months 6670.00 6655.00 Lead(US$/tonne) Cash 2080.00 2096.75 3 months 2099.00 2112.00 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 33 As at 9am Apr 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.204 1.147 Can dollar 1.161 1.117 Euro 1.775 1.691 Sterling pound 2.135 2.053 NZ dollar 1.113 1.071 US dollar 1.277 1.217 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      158 33 Apr 14 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ 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
      158 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Seibu prices IPO at low end of range
      875 34 Price is set at 1,600 yen a share, valuing the company at 547.4b yen Bloomberg [TOKYO] Seibu Holdings, operator of Japan’s biggest hotel chain, priced a 44.5 billion yen (S$547.8 million) initial public offering at the bottom of its planned range after
      Bloomberg; PHOTO: BLOOMBERG  -  875 words
    • Article
      Lock icon Beijing grade-A office prices rise in Q1
      243 34 Xin hua [BEIJING] Bucking the trend of a cooling down property market across China, rents and sales price of grade-A office space in Beijing edged up in the first quarter, said real estate consulting company DTZ. B e i j i n g
      Xinhua  -  243 words
    • Article, Illustration
      Lock icon Residences dominate Q1 investment activity
      634 35  -  Colliers and DTZ see total real estate investment volume falling 13-20% in ’14 By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT RESIDENTIAL investments made up a significant 41 to 45 per cent of real estate investment activity in Q1, according to various property consultants’ research reports, but overall
      Source: Colliers International Research  -  634 words
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      Lock icon Strong interest in Hong Leong condo
      124 35 THE first-day preview of Hong Leong Holdings’ Commonwealth Towers drew a crowd of more than 1,500 people on Sunday. The turnout was so large that Hong Leong had to extend the preview hours originally sched- uled from noon until 8pm by another two hours.
      124 words
    • Article, Illustration
      Lock icon Developing green buildings a matter choice
      468 36  -  Vanke chairman also accepts NUS’s invitation to be a professor of practice By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] The chairman of China’s top developer Vanke yesterday shared the story of his journey in pioneering green homes in China at a seminar at the National
      PHOTO: YEAP CHIN TIONG/LIANHE ZAOBAO  -  468 words
    • Article
      Lock icon London home prices rise amid shortage
      426 36 Bloomb erg [LONDON] Asking prices for London homes rose to a record this month as values increased in all but one of the capital’s 32 boroughs, according to Rightmove Plc. Prices in the UK capital climbed 3.6 per cent from March to an average
      Bloomberg  -  426 words
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      Lock icon China firms may buy back US$ bonds
      335 36 Bloomberg [SINGAPORE] Chinese property developers with the option to repurchase US dol-lar-denominated bonds later this year may opt to do so amid falling yields, according to Western Asset Management Co. Shimao Property Holdings, a residential and hotel builder in China, is considering buying
      Bloomberg  -  335 words
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      301 words