The Business Times, 23 April 2014

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Microfilm: NL33110
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, April 23, 2014
    25 words
  • Article
    Lock icon IDA mulls over more mobile competition and spectrum allocation
    721 1  -  It might revive the niche mobile service reseller concept B)’ JOYCE HOOI joyceh@sph_.com.sg @JoyceHoo|BT [SINGAPORE] More competition might loom in the mobile space as the regulator toys with reviving the niche mobile service reseller concept, while more spectrum might be freed
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,277.53 (+21.70) GST INDEX FUTURES 3,247.00 (+21.00) GSIMSCI 371.52 (+2.74) GSIMSCI FUTURES 368.80 (+3.10) US$ S$ US$ (S$ per US$) 1.256 (US$/S$ per 1.681 2.110 EURO (US$/S$/€ 1.380 1.733 Foreign currency per US$ S$ YEN 102.50 81.60 RM 3.266 2.601 HK$ 7.754 6.176 BAHT 32.33 25.75 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,866.42 +3.49 NIKKEI 225 10,579.99 -75.43 HANG SENG 22,730.68 -29.56 SET INDEX 1,415.05 +1.98 JAKARTA COMP 4,898.21 +5.92 MANILA COMP 6,784.95 +17.44 SEOUL COMP 2,004.22 +5.00 SHENZHEN B 837.44 -0.43 MUMBAI IND 22,758.37 -6.46 12noon EDT Change DOW 16,543.91 +94.66 NASDAQ 4,161.36 +39.81
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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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  • Article, Illustration
    Lock icon Foreigners’ share of home purchases creeping up
    778 1  -  However, absolute number of transactions is lowest since Q1 2009 By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] Private home purchases fell across the board in the first three months of this year to just over 2,000 units the first time in more than five
    Source: URA REALIS, April 15, 2014, DTZ Research  -  778 words
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      83 1 COMMENTARY The Chosen One ends up as The Wrong One PAGE 2 SEWOL FERRY Investigation into sinking will hold lessons for all page 20 LAND TRANSPORT Corolla tops Cat A models, Merc heads A-list PAGE 22 EXECUTIVE MONEY India waiting for a decisive vote PAGE 30 Tharman should run for
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      153 1 SEVEN PALMS SENTOSA COVE tms 11 i-i n 1 nr II in m rr w 3 I m -<i ■A: v '&XA/-L /UtMLh fr-buwOu/ Wake up to the mesmerising beauty of the sea, in a world where time stands still and cares fade away. There are some things that come
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  • TOP STORIES
    • Article
      Lock icon S’pore CFOs polled say currency volatility key concern this year
      473 2  -  Wider-than-usual swings in S$ in recent years explain the results: BAML By KELLY TAY By kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Chief financial officers here have cited currency volatility as their primary concern this year, according to findings from Bank of America Merrill
      473 words
    • Article
      Lock icon Gas producers exploring coal gasification
      548 2  -  They are said to be Soxal, Linde Gas and Keppel’s genco unit By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] Industrial gas producers such as Soxal and Linde Gas, as well as Keppel Corp’s genco unit, are said to be exploring plans by Singapore for a coal gasification
      548 words
    • Article, Illustration
      Lock icon Rolls-Royce holds first public exhibition
      404 2  -  By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] The most expensive bespoke RollsRoyce in the world, a dia-mond-studded Extended Wheelbase Phantom, was commissioned by a Singapore buyer last year. It therefore comes as no surprise to learn that the Republic is the ultra-luxury brand’s third biggest market globally
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    • Article, Illustration
      Lock icon Courts’ O’Connor supporting charity drive
      485 2  -  It is to raise funds for BT Budding Artists Fund and SSC’s SportCares CEO WORLD CUP By MICHAEL CHUA chuamc@sph.com.sg [SINGAPORE] The man who has brought world football to Singapore by featuring players such as Pele, Eric Cantona and Paul Scholes as part of Courts’
      485 words
    • Article, Illustration
      Lock icon The Chosen One turns out to be The Wrong One
      637 2  -  COMMENTARY LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT Correspondent FOR the past 11 months, he was known as The Chosen One. Now, David Moyes will forever be saddled with the unwanted tag of The Sacked One. It was an announcement that, in all
      637 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      191 2 Foreigners’ share of home purchases up PRIVATE home purchases fell in Q1. However, foreigners’ share of transactions edged up. FRONT PAGE IDA mulls more mobile competition MORE competition might loom as IDA toys with reviving the niche mobile service reseller concept. FRONT PAGE Currency volatility key concern for
      191 words
    • Article
      Lock icon SMEs less bullish about business outlook: study
      542 3  -  But those linked to the international economy are more optimistic By MINDY TAN tanmindy@sph.com.sg @MindyTanBT [SINGAPORE] Small and medium-sized enterprises (SMEs) in industries linked to the international economy are more optimistic about their prospects, though firms are generally less upbeat compared to when
      542 words
    • Article
      Lock icon Singapore the 4th most connected country: McKinsey study
      857 3  -  By AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT [SINGAPORE] A lesson learnt well by Singapore over the years is that to prosper it needs to be a global hub for flow of goods and services. New research by McKinsey Global Institute (MGI) shows that
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  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      34 2 D03 Henderson Industrial Park F’hold strata terrace factory B1 with approved dormitory (38 pax) 8417 sqft with private lift 8 parking lots/enbloc potential •Valued. Asking $7.68m ($912 psf) Keith Sim CEA: R*****1Z *****717 L*****82K
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  • COMPANY NEWS
    • Article
      Lock icon Manhattan Resources woos spurned JES partner
      376 4  -  If call option is exercised, deal would value Mineriver at $169m By KENNETH LIM kenlim@sph.com.sg @KennethLimBT THE mining company recently spurned by JES International has a new suitor in Manhattan Resources, but it will not fetch as high a bride price if the deal
      376 words
    • Article
      Lock icon Bid to unseat Pteris directors falls through
      501 4  -  B y JAIRA KOH jairakoh@sph.com.sg THE April 25 extraordinary general meeting (EGM) that Pteris Global director Winston Tan had called with the aim of removing five colleagues has turned out to be a non-event, after Mr Tan withdrew from the event and resigned
      501 words
    • COMPANY BRIEFS
      • Article
        Lock icon Qantas’ hub move impacts SATS
        91 4 FOR Q4 FY13/14, groundhandler SATS handled 6.7 per cent more flights year-on-year, while unit services rose 3.2 per cent and cargo throughput, by 4.4 per cent. The number of passengers handled was nearly flat at 10.53 million. However, gross and unit meals produced fell 8.2
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      • Article
        Lock icon SingTel units clinch $3.5b in credit facilities
        50 4 SUBSIDIARIES of Singapore Telecommunications (SingTel) have obtained $3.5 billion of credit facilities. In Singapore, the telco agreed on a three-year, $2.1 billion guaranteed revolving facility with 12 banks. SingTel’s Australian subsidiary, SingTel Optus, took a three-year, A$1.2 billion guaranteed revolver with 11 banks.
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      • Article
        Lock icon Ley Choon bags $7.3m PUB pipe contracts
        34 4 INFRASTRUCTURE engineering company Ley Choon Group has clinched $7.3 million in contracts for water-pipe laying works for the Public Utilities Board here over the next 18 months.
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      • Article
        Lock icon Tritech gets $10m job for Thomson MRT line
        40 4 ENGINEERING specialist Tritech Group has secured a $10 million contract from Singapore’s Land Transport Authority to provide instrumentation and monitoring services for a section of the planned Thomson Mass Rapid Transit line.
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      • Article
        Lock icon Yoma, FMI set up JV with Mitsubishi
        57 4 MYANMAR property developer Yoma Strategic Holdings and related company First Myanmar Investment Co (FMI) have teamed up with Mitsubishi Corp to set up an elevator and escalator business. Mitsubishi will hold a 60 per cent stake in the joint venture, while Yoma and
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    • Article, Illustration
      Lock icon AsiaPhos mines gains, expands exploration area
      611 4  -  It inks deals to take over full economic benefits of its mines By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT PHOSPHATE miner AsiaPhos has entered into a raft of agreements to take over the full economic benefits of its existing mines, as well as expand its exploration
      ST FILE PHOTO  -  611 words
    • Article
      Lock icon Mapletree Industrial Trust’s Q4 DPU up at 2.51 cents
      333 4  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT MAPLETREE Industrial Trust yesterday posted a distribution per unit of 2.51 cents for its fourth quarter ended March 31, 2014, a 5.9 per cent increase from 2.37 cents a year ago. This will be paid on
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    • Article
      Lock icon Frasers Centrepoint Trust posts Q2 DPU of 2.88 cts
      263 4  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT FRASERS Centrepoint Trust (FCT) reported a distribution per unit (DPU) of 2.88 cents for its second quarter ended March 31, a 6.7 per cent increase from 2.7 cents a year ago. The Q2 distribution will be
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    • Article
      Lock icon CCM unit’s condo contract terminated
      564 5  -  The loss-making subsidiary was constructing the Balestier project By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT A LOSS-MAKING subsidiary of CCM Group that is being disposed of has received a notice of termination on a condominium in Balestier it was constructing. The contract was terminated “on the grounds
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    • Article
      Lock icon China Sky owners approve accounts
      353 5  -  They also pass at AGM resolution on directors’ reports By RAPHAEL LIM raphlim@sph.com.sg SUSPENDED China Sky Chemical Fibre Co could see the clouds clear soon, after its shareholders passed resolutions to receive and adopt directors’ reports and audited accounts for the past three financial years
      353 words
    • Article, Illustration
      Lock icon XMH eyes acquisitions, seeks growth in Vietnam
      417 5  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT XMH Holdings is hoping to expand through acquisitions and grow its footprint in Vietnam. The Singapore-listed provider of diesel engine, propulsion and power-gen-erating solutions told The Business Times that it aimed to use its balance sheet to make
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    • Article
      Lock icon Results snapshot Reported on April 22, 2014
      98 5 COMPANY REPORTING PERIOD REVENUE (US$) NET PROFIT /LOSS (US$) Y-O-Y PROFIT CHNG EPS (US$) DPS LAST TRADED PRICE STATS ChipPAC Q1 365.5m (15.8m) NM (0.01) 0 S$0.4 Q1 net loss from year-ago profit attributed to weaker seasonal demand in end markets, but second-quarter
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    • Article
      Lock icon Privatisation unhappiness: market is to blame
      774 7  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT TAKEOVER/privatisation fever has gripped the local market in recent days as a flurry of these exercises have been announced. UIC kicked things off with its offer for Singapore Land, CapitaLand then grabbed the headlines with its
      774 words
    • Article, Illustration
      Lock icon UK investment house plans 3 Asia-themed funds
      627 7  -  Threadneedle cites how listed firms in the region are being more efficient By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT MUCH of the world might be steering clear of Asian equities for now, but once it gets regulatory approvals, London-based Threadneedle Investments is about to start
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      Lock icon Page 4 Advertisements Column 1
      95 4 NEW LOOK. NEW PROGRAMMING. NEW EXPERIENCES. RUNDOWN THE SMART START TO YOUR DAY. WEEKDAYS 6AM SIN/HK SQUAWK BOX JOIN THE CONVERSATION. WEEKDAYS 7 AM SIN/HK if STREET SIGNS FOLLOW THE MONEY. 10am SIN/HK ADAM BAKHTIAR ANCHOR HPmartin soonc ANCHOR ANCHOR CAPITAL CONNECTION TRADE THE WORLD. WEEKDAYS 12pm sin/hk m SUSAN
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      163 5 Executive Training in Banking and Financial Services Stay Ahead of the Competition. FTI@SMU Programmes are designed to ensure relevance and bridge the knowledge gaps for professionals to excel in today’s dynamic business world. Since 2007, FTI@SMU has established a solid reputation for delivering quality competency-based learning solutions for executives in
      163 words
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      Lock icon Page 5 Advertisements Column 2
      178 5 -I fT rt.: HZ3 Marina Bay Financial Centre PSA Building Six Battery Rd Suntec Tower 3 The Metropolis WORLD’S FINEST SERVICED OFFICES SERVICED OFFICES For the 1-10 man business VIRTUAL OFFICE Everything but the Office Fully furnished prestigious offices Business registration offices available o Dedicated receptionist answering your calls the
      178 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Property, banks’ turn to lift STI
      635 6  -  Index up 21.7 points at 3,277.53; DBS, UOB and OCBC contribute 9 pts, while CityDev adds 3.2 STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent IT wasn’t the Jardine group that played the biggest role in propelling the Straits Times Index up 21.7 points to
      Source: Bloomberg  -  635 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Apr 22 VALUE CLOSE BT OB/OS 359.00 +365.00 BT CADI -*****.00 +169.00 BT 10-day MA -*****.00 +36.00 FTSE ST Mid Cap 753.54 +3.54 FTSE ST Small Cap 550.16 +2.89 FTSE ST All Share 795.32 +4.93 FTSE ST China Top 203.83 +2.19 FTSE ST China 231.90 +1.29 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      61 6 VOLUME HanKore Env 236,375,000 Transcu Grp 139,773,000 CapitaMalls Asia 117,605,000 Memstar Tech 89,000,000 Albedo 87,912,000 Vallianz 76,646,000 SIIC Environment 67,233,000 JES Intl 57,861,000 KLW Hldgs 46,313,000 LCD Global Inv 31,729,000 VALUE($) CapitaMalls Asia 259,154,500 CapitaLand 57,258,470 UOB 52,378,905 DBS Grp 49,126,098 SingTel 44,324,750 OCBC Bank 39,183,960 Keppel
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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 7 4 4 0 0 0 7 4 4 Manufacturing 69 26 34 10 4 6 79 30 40 Commerce 32 12 16 7 1 4 39 13 20 Tpt/Stor/Comms 18 11 12
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      841 6  -  Compiled by JOYCE HOOI Ascendas Reit April 22 close: $2.36 DBS Group Research, April 22 A-REIT’s Q4 2014 distribution per unit (DPU) of 3.55 cents (+5.3 per cent y-o-y) brings DPU for the full year to 14.2 cents, within our estimates. Q4 2014 topline and net property income
      Source: Bloomberg  -  841 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,429 19,429 66,985 66,985 Manufacturing 363,758 102,796 466,554 122,385 4,580 126,964 Commerce 101,531 227,453 328,984 66,228 18,893 85,120 Tpt/Stor/Comms 85,918 2,517 88,435 121,820 293 122,113 Finance 20,456 322 20,778 151,720 100 151,820 Construction 44,896 29,437
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      121 6 Stock name Close Change CapitaLand 3.240 +0.030 CapitaMall Trust 1.990 CapitaMalls Asia 2.210 +0.020 CityDev 11.00 +0.460 ComfortDelGro 2.070 DBS Grp 16.90 +0.040 Genting Sing 1.350 +0.020 Global Logistic 2.740 +0.010 Golden Agri-Res 0.605 HPH Trust USD 0.685 +0.005 HongkongLand USD 6.830 -0.040 JMH 400 USD
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    • Article, Illustration
      Lock icon Euro hovers near 2-week low on possible ECB action
      523 6 CURRENCIES Reuters [LONDON] The euro hovered near a two-week low against the dollar yesterday and fell to a two-month low against the British pound, as expectations that the ECB will try to halt any further strengthening kept investors away from the
      Reuters; PHOTO: AFP  -  523 words
    • Article
      Lock icon RISES
      110 6 BY CENTS CLOSE UP DBXT AUDCS 5SG$ ***** 135.0 0.5 DBXT AUDCS 5US$ ***** 76.6 0.3 DBXT FTVietnam 10US$ 2698 65.3 2.0 DBXT MSEurope 10US$ 6154 59.0 0.8 SPDRS S&P 500 10US$ ***** 47.7 0.2 CityDev 1100 46.0 4.4 GLD 10US$ ***** 43.9 0.3 UOB 2245 42.0 1.9 DBXT
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    • Article
      Lock icon FALLS
      131 6 BY CENTS CLOSE DOWN Lyxor Indonesia10US$ 8895 -138.1 -1.2 Lyxor ThaiSET 10US$ ***** -128.1 -0.8 DBXT iBoxxSvEu 5US$ ***** -61.5 -0.2 DBXT MSJAP 10US$ 4330 -49.0 -0.9 Great Eastern 1871 -39.0 -2.0 DBXT Nifty 10US$ ***** -37.7 -0.3 CIMBAsean40 100US$ 1011 -36.4 -2.8 DBXT EONIA 5US$ ***** -36.4 -0.2
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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  • Page 7 Advertisements
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      379 7 is Join Asia's leading platforms for workplace safety and health. Discover new ideas, best practices and technologies to enhance the safety and health of your business in today's changing landscape Avoid Risks Think Safety^ The 9 th Occupational Safety+Health Exhibition for Asia W Concurrent Events o THE SINGAPORE WSH CONFERENCE
      379 words
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  • SINGAPORE NEWS
    • Article
      Lock icon SingTel offers analytics data on retail consumers
      510 8  -  The $200 per month subscription extracts information from video images By SHEENA TAN tsheena@sph.com.sg RETAILERS now have a wider range of technology to boost productivity and gain consumer insights with SingTel launching its Video-Analytics-as-a-Ser-vice (VAaaS) yesterday a subscription service that uses analytics to
      510 words
    • Article, Illustration
      Lock icon Singapore, Brunei central banks blaze new financial trail
      390 8  -  By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT THE central banks of Singapore and Brunei have signed a deal that will see both countries work together on new areas of cooperation. In a joint statement yesterday, the Monetary Authority of Singapore (MAS) and Autoriti Monetari
      PHOTO: AFP  -  390 words
    • Article
      Lock icon Singapore-Guangzhou joint venture opens office here
      306 8  -  By VIVIEN SHIAO By vshiao@sph.com.sg @VivienShiaoBT SINO-SINGAPORE Guangzhou Knowledge City Investment and Development (GKC Co) has opened its first overseas representative office in Singapore, as part of efforts to deepen collaboration between Singapore and Guangdong. The office will focus on enhancing relations with collaboration
      306 words
    • Article
      Lock icon 6 venture funds each get $10m NRF boost
      392 8  -  This offers $120m in early-stage funding for local startups By KARA QUEK karaquek@sph.com.sg SIX venture capital funds have been picked to receive funding that will go into powering startups that can perform on the local and international stage, the National Research Foundation
      392 words
    • Article
      Lock icon Two tech startups seal Japan deals to extend their reach
      435 8  -  BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheol<BT TWO homegrown tech startups this week inked separate pacts with Japanese firms that will see them extend their reach and service offerings beyond Singapore and Asia. HRBoss, a human resources data-driven software company, on Monday
      435 words
    • Article
      Lock icon Gerard Ee takes helm at accountancy body
      367 8  -  By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT GERARD Ee has succeeded Ernest Kan as the president of national accountancy body, the Institute of Singapore Chartered Accountants (ISCA), in the wake of the institute’s annual general meeting on Saturday. ISCA said yesterday that Mr Kan stepped
      367 words
    • Article, Illustration
      Lock icon ‘Learning cafe’ pops up in Raffles Place
      307 8 THE Singapore Workforce Development Agency (WDA) unveiled its first “learning cafe” at Raffles Place yesterday, under its drive to promote life-long learning. The pop-up cafe at Chevron House gave passing executives an idea of how they can learn on the go and get
      PHOTO: LISABELLE TAN  -  307 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Lock icon Page 8 Miscellaneous Column 1
      34 8 ti-h'] $1.6 MILLION Estimated Draw on Thu, 24 Apr 2014 at 6.30pm For details, visit www.singaporepools.com.sg P L A V& Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G m
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  • Page 9 Advertisements
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      4067 9 VOLUNTARY CONDITIONAL CASH OFFER by CIMB BANK BERHAD(*****-P) Singapore Branch (Incorporated in Malaysia) for and on behalf of RDL INVESTMENTS PTE. LTD. (Incorporated in Singapore) (Co. Reg. No: *****0707N) to acquire all the issued and paid-up ordinary shares in the capital of LCD GLOBAL INVESTMENTS LTD. (Incorporated in Singapore) (Co.
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Selangor will have to continue water rationing
      620 10  -  The main dam can supply water for 29 more days if level doesn’t rise soon By PAULINE NG in Kuala Lumpur SELANGOR will continue rationing water as its main dam, which supplies 60 per cent of the state’s needs, can supply water only
      PHOTO: THE STAR  -  620 words
    • Article, Illustration
      Lock icon Ex-Indonesian official named a suspect
      282 10 AFP [JAKARTA] Indonesian an-ti-corruption officials have named the former audit agency chief a suspect in a US$32-million graft case, the latest high-profile scandal to hit the country’s public sector. Investigators believe Hadi Poernomo, named a suspect late on Monday on the first day of his
      AFP  -  282 words
    • Article
      Lock icon Revaluation of properties drives profits for 1MDB
      421 10 Real estate gains of RM2.7b responsible for earnings growth Reu ters [KUALA LUMPUR] Malaysian state investment fund 1Malaysia Development Bhd (1MDB) relied on a sharp revaluation of its property assets to drive profit growth in its last financial year, accounts released yesterday showed.
      Reuters  -  421 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      75 10 world 1 M, t I d Jr an* Ji Eas r .w-j.,.-, m r r: ■c *e?T 3^ T place m Where the world’s most beautiful sights can be savoured To stay in touch with the world, download your FREE AsiaOne iPad app NOW for instant access to breaking news,
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  • CHINA
    • Article, Illustration
      Lock icon Overhaul of state-owned industry underway in China
      1071 11 Some conglomerates have unveiled spin-offs and restructuring plans Reuters [BEIJING] Far from the spotlight, in secretive high-level meetings and company boardrooms, Beijing is drawing up one of the country’s thorniest reforms: an overhaul of China’s hugely inefficient state-owned industry. It shapes up as
      Reuters; PHOTO: AFP  -  1,071 words
    • Article
      Lock icon Beijing may allow local govts to raise funds directly: state media
      338 11 Reu ters [SHANGHAI] China’s legislature is considering revisions to budget law that may clear the way for local governments to raise funds directly, rather than borrowing through special purpose vehicles, state media said, as Beijing tries to clean up
      Reuters  -  338 words
  • Page 11 Advertisements
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      165 11 ilHW HUATING Restaurant Double Honours Double Aw Double Celebratio L Awards Of. Excellenc 'UIHI.II (.Oil!MKT. ISING WARD tx D U R I S M BOA R D .wards of> cellence ffORLh GOURMET. "ing Restaurant in Restaurant of the Year 2014 celebration inning cuisine, call 6739 666 or a Orchard Hotel
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon China Resources boss under probe
      673 12  -  Its chairman is the 7th senior mainland official investigated this year By FRANK CHEN EJ Insight [HONG KONG] China Resources Holdings chairman Song Lin is the seventh senior mainland official, and perhaps the most high profile one, to be sacked and placed under an investigation
      EJ Insight; PHOTO: BLOOMBERG  -  673 words
    • Article
      Lock icon India expecting normal monsoon season this year
      380 12 Bloomberg [NEW DELHI] The monsoon in India, which provides more than 70 per cent of annual rainfall, will be normal this year amid forecasts for the emergence of an El Nino that previously caused droughts, government officials said. Rain may be 96 per
      Bloomberg  -  380 words
    • Article
      Lock icon Court lifts ban on iron ore mining in Goa
      477 12 But miners need to renew leases before resuming operations Bloomberg [MUMBAI] India’s top court has allowed iron ore miners to resume operations in Goa state after imposing a ban 18 months ago for environmental violations. Goa accounted for about half of
      Bloomberg  -  477 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      125 12 VISION 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
      125 words
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  • WORLD
    • Article, Illustration
      Lock icon Japan revamps US$1.26t public pension fund
      709 13 New committee members to adopt more aggressive investment strategy Reuters [TOKYO] Japan overhauled the world’s biggest public pension fund yesterday, appointing new committee members, in a push towards Prime Minister Shinzo Abe’s goal of a more aggressive investment strategy. The government announced a reshuffle
      Reuters; PHOTO: REUTERS  -  709 words
    • Article, Illustration
      Lock icon Citigroup said to be divesting 50 branches
      279 13 Bloomberg [NEW YORK] Citigroup is seeking buyers for about 50 branches holding US$3 billion of deposits in California as the third-largest US lender pares brick-and-mortar outlets, said three people involved in the process. The branches, located in rural areas from Sacramento to north
      Bloomberg  -  279 words
    • Article
      Lock icon Novartis swaps assets with Glaxo to focus on cancer
      457 13 Reu ters [ZURICH] Swiss drugmaker Novartis yesterday announced a multi-billion dollar revamp, swapping assets with GlaxoSmithKline and selling its animal health arm in a bid to simplify its business and increase its focus on high-margin cancer medicines. The overhaul is part
      Reuters  -  457 words
    • Article
      Lock icon IEX revives US stocks queue jumping debate
      883 14 It argues that it may be just what markets need to be more transparent Reuters [NEW YORK] For more than a decade, queue jumping by traders has been a big no-no in the US stock market, prevented in the name of fairness. Now,
      Reuters  -  883 words
    • Article, Illustration
      Lock icon Apple’s US$2.19b patent claim 57 times too much: Samsung
      566 14 Korea firm asks Yale professor to make its case to federal jury Bloomberg [SAN FRANCISCO] Samsung Electronics says Apple’s patent-infringement claims of US$2.19 billion are 57 times higher than what the Galaxy maker should pay if a jury finds it infringed
      Bloomberg; PHOTO: BLOOMBERG  -  566 words
    • Article
      Lock icon Three men charged over US$33m art scam
      283 14 AFP [NEW YORK]Three men were charged on Monday in New York in connection with a US$33 million scam over two decades making and selling paintings purportedly by world-famous artists but which were in fact fakes. Among the bogus works were pieces supposedly by
      AFP  -  283 words
    • Article
      Lock icon More red ink for US newspapers: report
      397 14 Total industry revenue amounts to US$37.59b in 2013, a 2.6% drop from US$38.60b in 2012 AFP [WASHINGTON] US newspapers suffered further revenue declines in 2013, seeing only mixed success in a transition to digital, according to industry figures. Total newspaper industry revenue amounted
      AFP  -  397 words
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      Lock icon Germany’s biggest mall coming up in Berlin
      784 15 Despite lagging in purchasing power, the city is becoming a retail destination Bloomberg [BERLIN] When Harald Huth bought the former Wertheim department store site in central Berlin, he planned to build a mall with 200 shops for about 400 million euros (S$690 million).
      Bloomberg; PHOTO: BLOOMBERG  -  784 words
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      Lock icon Thai IPOs will rebound on fund inflows: official
      655 16 Bourse is seen exceeding target for initial share sales this year Bloomberg [BANGKOK] Thailand’s stock exchange will exceed its target for initial share sales this year as foreign funds return, even as a political deadlock raises the risk of further street protests,
      Bloomberg; PHOTO: BLOOMBERG  -  655 words
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      Lock icon Consumer goods firms target emerging markets
      579 16 They are adapting to new spending habits in these countries Reuters [LONDON] From chocolate and dumplings to toothpaste, consumer goods companies are adapting to new spending habits as incomes rise in emerging markets while protecting profits in places where they can be volatile. Packaging
      Reuters; PHOTO: REUTERS  -  579 words
    • Article
      Lock icon ADB urges more regional cooperation in Asia
      554 16  -  BY ANTHONY ROWLEY in Tokyo THE Asian Development Bank yesterday called for strengthened regional cooperation in Asia to counter what it called growing “geopolitical risks”. This came amid mounting tensions between Japan and China over China’s seizure of a Japanese container vessel in
      554 words
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      Lock icon Home resales in March fall to lowest since July 2012
      441 16 LATEST US DATA Reuters [WASHINGTON] US home resales fell to their lowest level in more than 11/2 years last month, but there were signs a recent downward trend that has plagued the housing market may be drawing to an end.
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    • Article
      Lock icon Japan govt panel member urges corporate tax cut
      579 16 Bloomberg [TOKYO] Japan could cut its corporate tax rate as early as next fiscal year by two to three percentage points, gradually lowering the levy toward 25 per cent in later years to boost the nation’s competitiveness, a tax panel member said.
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      224 13 o M Wine, Dine Hospitality L f i r m V L. j L, s Z* m BT Wine, Dine Hospitality Pages save more 'o. 0 <* <? Co|ful\-C° X For advertisement bookings and sales enquiries, please contact: Lawrence Chang 9229 4919 Rachel Khoo 9298 9465 Ellen Lee 9368 3533
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      1053 14 »t WATiS notices HanKore Environment Tech Group Limited (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (“SGM”) of HANKORE ENVIRONMENT TECH GROUP LIMITED (the "Company") will be held on 15 May 2014 at 9.30 a.m. at Ballroom
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      665 15 AMTEK ENGINEERING LTD (Incorporated in the Republic of Singapore) Company Registration No. *****3886K NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Amtek Engineering Ltd (the “Company”) will be held at 35 Pioneer Road North, Singapore *****5 on 8 May 2014 at 3.00 p.m.
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      957 15 SING INVESTMENTS FINANCE LIMITED Incorporated in the Republic of Singapore Company Registration No. *****0348D IMPORTANT The financial information as set out below contains only a summary of the information in the financial statements of Sing Investments Finance Limited and the consolidated financial statements of the Group for the financial year
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      318 16 IN THE MATTER OF THE COMPANIES ACT, CAP.50 AND IN THE MATTER OF HAZ PROJECTS (SINGAPORE) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) Unique Entity No: *****2859C At an Extraordinary General Meeting of the Members of HAZ PROJECTS (SINGAPORE) PTE. LTD. duly convened and held on the 17th day of April
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      410 17 STPROPERTY FORUM REAL ESTATE OPPORTUNITIES RISE UP TO THE CHALLENGES IN THE SINGAPORE PROPERTY MARKET mill Sir mumi i t U «I1 "V Iff II I .»>«< !<£;■ n T >i E( M IF, gpi p. m ipj E Kp p jO| 11 oi n M| llll M| l[ T
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  • EDITORIAL & OPINION
    • Article
      Lock icon No bleeding heart for open-source code
      446 18 EDITORIAL ACROSS the Internet, the latest threat to virtual wellbeing the Heartbleed bug has been distilled into one troublingly simplified thought: “I have to change my passwords now”. And so, a flurry of activity ensued, during which the garden-variety Internet user exchanged one weak
      446 words
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      Lock icon HKEx must remain firm on shareholder protection
      743 18  -  REUTERS BREAKINGVIEWS THE BOTTOM LINE By UNA GALANI, PETER THAL LARSEN HONG Kong needs to make a stand for shareholder democracy. Alibaba’s decision to shift its giant stock market listing to the United States has sparked a debate about control of public companies
      743 words
    • Article, Illustration
      Lock icon Mixed results in private giving to Asia varsities
      1259 18  -  S’pore is the most successful in Asia, with a govt programme that matches funds donated BY SHU-CHING JEAN CHEN in Hong Kong PRIVATE giving to higher education helps finance a university’s operating budget and reduce future costs for the government and taxpayers.
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    • Article, Illustration
      Lock icon Tharman should run for top IMF post
      1072 19  -  It’s time for a non-European to take charge, and Singapore’s finance minister is fit for the job By MEGHNAD DESAI Lord (Meghnad) Desai, Emeritus Professor of Economics at the London School of Economics and Political Science, is chairman of the advisory board of
      PHOTO: AFP  -  1,072 words
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      Lock icon EU a fertile ground for Far Right
      846 19  -  NEIL BEHRMANN London Correspondent THE eurozone’s straitjacket has reaped right-wing maverick parties ranging from eurosceptics to extremists. Voters are so disillusioned with either stagnation or recession, unemployment of some 26 million people, severe austerity, punitive taxation and restrictive regulations from mainstream politicians, that
      PHOTO: AFP  -  846 words
    • Article
      Lock icon Don’t swat new tech to end mozzie menace
      727 19  -  By JOHN J COHRSSEN HENRY I MILLER John J Cohrssen is an American lawyer who has served in senior staff positions in the White House and the US Congress. Henry I Miller, a physician and molecular biologist, is a fellow in scientific
      Project Syndicate  -  727 words
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  • Transport HUB
    • Article
      Lock icon Tragedy in South Korea
      571 20  -  Investigation into the sinking of Sewol ferry will hold lessons for all STRAIT TALK By DAVID HUGHES THE sinking of the South Korean ferry Sewol and consequent loss of some 300 lives the majority of them school children is at the moment as baffling as it
      571 words
    • Article, Illustration
      Lock icon First sign of ferry disaster was call from frightened boy
      701 20 That was followed by about 20 other calls from children Reuters [SEOUL] The first distress call from a sinking South Korean ferry Maritime was made by a boy with a shaking voice, three minutes after the vessel made its fateful
      Reuters; PHOTO: REUTERS  -  701 words
    • Article
      Lock icon TRANSPORT STOCKS
      247 20 SGX '000 Apr 22 S$ +/-Vol Ch Offshore 0.44 unch 226 Chuan Hup Hldg 0.29 -0.01 ***** Cosco Corp 0.74 0.03 2149 Cwt Limited Ezra Hldgs 1.09 unch 1183 First Ship Lea 0.11 unch 303 Grand Banks..............0.23 unch 363 Jaya Hold Ltd 0.79 0.01 1009 K1Ventures Chuan Hup
      247 words
    • Article
      Lock icon Pacific accord on maritime code signed
      511 20 Reuters [QINGDAO] More than 20 countries with interests in the western Pacific signed up in a framework maritime communication deal yesterday in what could be a step towards ensuring that miscommunication between naval vessels does not develop into a conflict. Naval officers from China
      Reuters  -  511 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon China to drive demand for corporate jets
        463 21  -  Asia-Pac expected to account for a third of Airbus’s corporate jet orders By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] The Asia-Pa-cific region is expected to account for a third of Airbus’s corporate jet orders, driven largely by demand from China. “We see a need
        463 words
      • Article
        Lock icon US drone to continue search for MH370 after its current mission
        424 21 It completes over 80% of the focused deepsea search area Reuters [PERTH] A US submarine drone will keep scouring the Indian Ocean floor for traces of a missing Malaysian jetliner after it finishes its current targeted search, Australian authorities
        Reuters  -  424 words
      • Article
        Lock icon Shandong Air orders 50 Boeings for US$4.6b
        476 21 AFP [BEIJING] Shandong Airlines, one of China’s smaller carriers, said it has agreed to buy 50 passenger planes from US manufacturer Boeing for US$4.6 billion, in another sign of the country’s growing demand for air travel. The company signed a deal on Monday
        AFP  -  476 words
      • Article
        Lock icon US airlines at bottom of satisfaction index
        286 21 Reuters [ATLANTA] US airlines lag hotels and online travel agencies in customer satisfaction as travellers face increasingly cramped aeroplanes and poor in-flight service, a poll published yesterday showed. The annual American Customer Satisfaction Index (ACSI) found that airlines scored 69 on a 100-point
        Reuters  -  286 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Corolla tops Cat A models, Merc heads A-list
        572 22  -  Merc likely to stay No 1 Cat A brand even with re-categorisation B)’ SAMUEL EE samue|ee@sph.com.sg [SINGAPORE] MercedesBenz was the No 1 Category A brand here in the first quarter of this year, with the luxury make being on track to continue
        572 words
      • Article
        Lock icon China falls for SUVs at Beijing Auto Show
        472 22 AFP [BEIJING] Bulky, brash and wildly popular in Europe and the US, the urban 4x4 is the latest must-have for Chinese drivers, whose conversion to the cult of the SUV is the talking point of this year’s Beijing Auto Show. The SUV
        AFP  -  472 words
      • Article
        Lock icon Tesla to make cars in China within 4 years
        556 22 It is also building a ‘big’ network of battery-charging stations in the country: CEO Bloomberg [TOKYO] Tesla Motors chief executive officer Elon Musk, who’s preparing to begin deliveries of the Model S electric vehicle in China, forecast the company will be
        Bloomberg  -  556 words
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      134 20 Attention Local Business Owners! Breach ourro^ 1.3MILLI0N POTENTIAL ■CUSTOMERS FOR FREE! •Average monthly visitors on STDirectory STDirectory.sg is offering a two-month free trial for an enhanced online directory business listing package to local businesses. This package includes: COMPANY LOGO Display your business logo to represent your company’s brand identity COMPANY
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      42 21 f KISS 92* All the great songsinoneplace II T i IIV 'Mi v Hi If! w a# ss& w .0 O'v j r j |j facebook.com/kiss92fm 0kiss92fm www.kiss92.sg Download the KISS92 mobile app now! w KISS92 is part of SPH Radio Network
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      328 21 CRYPTIC CROSSWORD Across 1 Self-assured, virtually laid back, private (12) 9 Type of excellent painting reproduced? (4,5) 10 Sacrifice self-respect with daughter going for leader of Conservatives (5) 11 Surviving Texan shot twin, dismissing victory (6) 12 Very famous person playing games with sailor (8) 13 Sally’s sensitive about note
      328 words
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      135 22 mm i 9 I M WV.W FM bsv'mIM IOSS92 ira •t y < one p/ace I «$oM A// thegr^otsongsm it Cl M V .7 i V w v 5592 BUCKET LIST S 1 [2 6*0 oh (K US as r 0 6 a luaratloi'v 1 >7 i ,.b" 0 1
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  • Article
    Lock icon SHIPPING TIMES
    2339 23 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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      126 24 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II 1 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times
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      18 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4317 25 Transaction date: Apr 22 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 +0.2 1835 10.4 10.2 10.3 10.4 2.6 1.7 23.4 73.7 13.6 10.4 8Telecom Vol
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    • Article
      Lock icon SGX CATALIST
      409 26 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 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) 32.5 16 t
      409 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11277 26 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 1.9478/ China Opportunities 1 2 8255/ EM Local Ccy Bond 0 9018/ European Opportunities 1 1 3379/ Global Emerging Markets
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    • Article
      Lock icon GLOBALQUOTE
      262 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 62 34.9 AVJennings A55 -2 1 55 55 55 59 3.6 6.4 4.5 203.6 52 35.5 Genting HK US$ US39.5 +0.5 3583 39.5 39 39 39.5 2600.9
      262 words
    • Article
      Lock icon SGX ETF
      1097 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.9 +0.2 113.9 113.9 113.6 114.2 519.9 143 119 CIMB APAC Div 100S$D 130.6 +0.5 130.6 130.6 129.3 131.9 114.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      661 27 Apr 22 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.29 *****.30 *****.77 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****3 Sep14 *****.00 1 8641 MSCI TAIWAN INDEX FUTURES SPOT 318.06 319.68 317.88 Apr14 318.50 320.10 318.10 319.80 ***** *****2 May14 318.20 320.00 318.20 319.60
      661 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Apr 21 Index Change Change Change Change Change Change World Preliminary 1187.0 0.1 0.2 0.2 -0.2 0.0 0.6 EAFE Preliminary 942.8 0.0 -1.4 -0.1 -1.0 -0.2 -0.2 Europe Preliminary 1366.4 0.0 0.8
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 27 Apr 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.032 5.839 0.678 7.260 56.894 107.815 0.960 9.718 3.057 1.091 91.818 41.703 1.176 9.865 0.828 28.369 30.266 0.557 0.936 Canada 0.969 5.660
      471 words
    • Article
      Lock icon SIBOR
      30 27 Apr 22 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 27 Apr 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****T 31-Oct-14 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.3 101.37 101.37 5-Year NX*****W 2.5 01-Jun-19 105.11 10-Year NX*****H 2.750 01-Jul-23 102.4 102.55
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    • Article
      Lock icon PRECIOUS METALS
      137 27 Apr 22 GOLD(US$/oz) Apr 22 Apr 17 Hong Kong 1295.00 1303.00 Apr 21 Apr 17 London 1286.30 1298.80 1286.95 1299.00 Source: Thomson Reuters CAST BAR Apr 22 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 313 258 10gm 582 518
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    • Article
      Lock icon PALM OIL
      57 27 Apr 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 14 2699.0 2730.0 2730.0 2699.0 915 5519 Jun 14 2667.0 2696.0 2702.0 2662.0 4779 ***** Jul 14 2653.0 2683.0 2688.0 2648.0 ***** ***** Aug 14 2642.0 2673.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Apr 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1751 1.1760 0.9360 0.9366 Canadian dollar 1.1391 1.1399 0.9079 0.9074 Euro 1.7326 1.7332 1.3801 1.3804 NZ dollar 1.0774 1.0779 0.8582 0.8585 Sterling pound 2.1101 2.1107 1.6808 1.6810
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Apr 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.198 1.141 Can dollar 1.158 1.114 Euro 1.769 1.685 Sterling pound 2.143 2.061 NZ dollar 1.100 1.058 US dollar 1.278 1.218 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 27 Apr 22 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.05 US$ 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
      157 words
    • Article
      Lock icon CHICAGO BOT
      109 27 Apr 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1498.75 1514.00 1525.00 1486.00 Jul 14 1487.25 1502.25 1512.25 1473.50 Aug 14 1409.00 1420.50 1426.75 1397.00 Sep 14 1286.00 1298.25 1304.00 1273.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14
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    • Article
      Lock icon LIFFE
      94 27 Apr 17 COCOA (£/tonne) Close Prev High Low May 14 1872 1849 1875 1845 Jul 14 1881 1857 1885 1852 Sep 14 1883 1860 1887 1856 Dec 14 1876 1853 1879 1851 COFFEE(US$/tonne) Close Prev High Low May 14 2118 2064 2122 2047 Jul14 2136 2082 2140 2062 Sep
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1075 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 38 0.3 1 77 0.61 51 Asia-Pacific Strategic W*****6 Ratio Exer Price Asiatic Grp(Hldgs) Ltd W*****5 Disc Asiatravel.com HoldingsW*****7 3 1 25 3 Asiatravel.com HoldingsW*****5 5 unch 8
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Apr 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.96 0.75 WTI (Near Mth) 104.30 -0.08 Dubai (1-Mth F) 105.36 -0.26 Tapis blend 112.03 -0.58 Minas 110.73 -0.58 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.69 -0.39 Jet Kerosene 122.12 -0.16 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Apr 22 S$ Bid Offer 1-month 1.2554 1.2556 2-months 1.2553 1.2556 3-months 1.2553 1.2556 6-months 1.2552 1.2554 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 27 Apr-17 Apr-17 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1829.50 1839.00 3 months 1865.00 1875.00 Copper, Grade A(US$/tonne) Cash 6662.50 6627.00 3 months 6649.00 6619.00 Lead(US$/tonne) Cash 2122.75 2120.50 3 months 2142.00 2142.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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      31 28 HOW ARE YOU LIVING THE NEW YEAR? DO ONE RANDOM ACT OF KINDNESS DAILY LOVE MORE TRY SOMETHING NEW EVERYDAY SPEND MORE TIME WITH MUM BE A BETTER LISTENER KISS MORE
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      Lock icon Page 28 Advertisements Column 2
      105 28 Food Services w in Asia 2014^ 23-25 June 2014 Suntec Convention Exhibition Centre, Singapore Attention To: Operations Directors Executive Chefs Dietiticans Nutritionists F&B Catering Managers Food Service Professionals V y We are planning the following activities for you Interactive sessions on food labelling and food-drug interaction Workshop on food aesthetics
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      35 29 Bank of Singapore.'Best Private Bank' for three consecutive years. Awarded by Asian Private Banker. J&&:. v c OH F D to, 2011 2012 BANKOFSINGAPORE Asia's global private bank 2013 A subsidiary of U 0OCBC Bank
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  • executive Money
    • Article, Illustration
      Lock icon India waiting for a decisive vote
      883 30  -  A strong mandate can transform the economy, which has struggled with stagflationary conditions despite favourable demographics MONEY MATTERS RIDHAM DESAI The writer is the chief India equity strategist with Morgan Stanley INDIA’S equity and currency markets appear optimistic about the country’s election outcome and,
      Source: RIMES, MSCI Bloomberg, Morgan Stanley Research  -  883 words
    • Article, Illustration
      Lock icon Wall Street whipped by resilient treasuries
      1457 28 Primary dealers hurting after going net short on government debt for the first time since September 2011 Bloomberg BETTING against US government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers. While the losses that
      Bloomberg; PHOTO: REUTERS  -  1,457 words
    • Article
      Lock icon Uncertain markets outpace stock-pickers’ talents or luck
      1317 28  -  High-flying young brokers who take on money markets soon come down to earth B)’ RON LIEBER NYT NINE years ago, Randy Kurtz made an extraordinary bet on himself, the stock market and his ability to pick a few winners. He hung out a
      NYT  -  1,317 words
    • WEALTH MATTERS
      • Article, Illustration
        Lock icon Why a core/satellite approach pays
        1704 29  -  It protects investors from common human foibles and misconceptions. Bank of Singapore’s Hou Wey Fook shares what these are with GENEVIEVE CUA GENEVIEVE CUA gen@sph.com.sg IF you have been investing for some time, you are likely to have made some decisions that you regret. These
        FILE PHOTO  -  1,704 words
      • Article, Illustration
        Lock icon Human biases that lead to investment missteps
        634 29  -  By GENEVIEVE CUA TRADITIONAL portfolio theory has it that investors think and behave rationally, and that markets are efficient, incorporating all available information into prices. In the last couple of decades, however, market’s boom/bust cycles have largely overturned this notion of rationality. In
        634 words
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      535 30 At Fidelity, it is inherent in us to find all the important details required, no matter how small they are. Because it's with our penetrating research that we can uncover the best and most rewarding investment opportunities for our clients. And the following awards simply prove what comes second to
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      312 30 Now you can trade, Phillip Futures productSI using our mobileitradindiapps! 0* vtsw xeYIrr m 1««* \A \t(# i® 50 tlW (JVO Gk iPhone L iPad GflJ^OD Built for Compatibility News Updates Comprehensive Order Types 50: commission rates when you trade using mobile apps Trade Mobile and Win! Contest Stand a
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