The Business Times, 25 April 2014

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Microfilm: NL33110
Total Pages: 39
1 40 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, April 25, 2014
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  • Article
    Lock icon Restructuring leaves its mark on layoffs
    957 1  -  Trend likely to continue in government’s push for productivity-driven growth By TEH SHI NING, VIVIEN SHIAO tshining@sph.com.sg vshiao@sph.com.sg @TehShiNingBT @VivienShiaoBT [SINGAPORE] Singapore’s economic restructuring now in its fifth year is starting to leave a more visible mark on the labour market. The share of
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,283.93 (+25.92) GST INDEX FUTURES 3,258.00 (+24.00) GSIMSCI 372.22 (+3.14) GSIMSCI FUTURES 369.70 (+3.00) US$ S$ US$ (S$ per US$) 1.257 (US$/S$ per 1.679 2.110 EURO (US$/S$/€ 1.384 1.739 Foreign currency per US$ S$ YEN 102.40 81.50 RM 3.266 2.599 HK$ 7.754 6.169 BAHT 32.34 25.73 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Thursday Change KL COMP 1,865.28 -2.07 NIKKEI 225 14,404.99 -141.28 HANG SENG 22,562.80 +53.16 SET INDEX 1,422.67 -0.72 JAKARTA COMP 4,891.08 -2.07 MANILA COMP 6,731.33 -38.19 SEOUL COMP 1,998.34 -2.03 SHENZHEN B 838.62 -1.31 MUMBAI IND Closed 12noon EDT Change DOW 16,521.66 +20.01 NASDAQ 4,154.11 +27.14
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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
    Lock icon Moderating prices, rents for industrial space offer relief
    788 1  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] Businesses may not face more months of sharp increases in industrial prices and rents as a huge supply of completed industrial space about six million square metres comes onstream from now until 2016. While prices and
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      149 1 EXEC LIFESTYLE Raising appeal of crowdfunding PAGES 34-35 COMMENTARY Private equity: end of years of frustration PAGE 25 COMPANIES Upcoming deal for Equity Plaza? PAGE 7 SPECIAL FEATURE Enabling Employers Awards 2014 PAGES 20-23 *****1"*****4 GENEVE Creator of dreams arrhffve/ SelfWinding 18K White Gold with 12 Rotating Diamond Indexes O.Scts
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      46 1 FOR SALE: Twenty-four choice landed homes in Districts 9 10 and Districts 15 16 BT Property Classifieds IPAGE 27 Read Boardroom Matters, a series of articles from the Singapore Institute of Directors on issues relevant to listed companies and corporate governance, on BTInvest every Friday: btd.sg/BMatters
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      468 2 Restructuring leaves its mark on layoffs THE share of layoffs that were due to the restructuring of business processes or higher costs stemming in part from higher wages rose for a third year in a row in 2013, the Ministry of Manpower said yesterday. FRONT PAGE Moderating prices,
      468 words
    • Article, Illustration
      Lock icon IDA launches two innovation initiatives
      696 2  -  One is the IDA Labs initiative, the other is an accreditation programme By AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT [SINGAPORE] The Infocomm Development Authority of Singapore (IDA) yesterday launched two parallel programmes to boost innovation in Singapore. One is an accreditation programme for small but innovative
      FILE PHOTO  -  696 words
    • Article
      Lock icon Clarification
      93 2 IN “Gold for the masses: bullion retailer starts savings programme” (BT, April 24), it was mentioned that the UOB gold and silver savings accounts are not backed by physical bullion, and that investors who terminate their accounts will have to sell their holdings to the bank at a discount
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    • Article, Illustration
      Lock icon Composition of industrial space counts: consultants
      589 4  -  Expected supply coming on-stream is double that of annual demand BUSINESS SPACE By MINDY TAN tanmindy@sph.com.sg @MindyTanBT [SINGAPORE] The amount of industrial space expected to come on-stream is double that of annual average demand. But while this supply is broadly welcome, more can be
      Source: JTC  -  589 words
    • Article, Illustration
      Lock icon SMEs call for fair tenancy legislation
      563 4  -  By KELLY TAY By kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Small and medium-sized enterprises (SMEs) are calling for the introduction of fair tenancy legislation here, the Singapore Business Federation (SBF) said yesterday. Such a law which could make effective rent reporting mandatory would help SMEs cope with
      FILE PHOTO  -  563 words
    • Article, Illustration
      Lock icon US-Japan trade pact fails to materialise at summit
      1007 4  -  By ANTHONY ROWLEY in Tokyo THE hoped for agreement on a bilateral trade deal between the US and Japan that could have opened the door to a swifter conclusion of negotiations on the Trans-Pacific Partnership (TPP), failed to materialise yesterday at the
      PHOTO: REUTERS  -  1,007 words
    • Article
      Lock icon Macro-hedging accounting rules overhaul proposed
      446 4  -  By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] The International Accounting Standards Board (IASB) is proposing an overhaul of accounting standards on macro hedging, which will substantially change the way banks and financial institutions account for dynamic risks such as interest rate risks in their books. The
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      386 2 Melbourne Landed Houses Full Price Protection Guarantee* “come and find out how risk has been virtually eliminated" It’s a WIN WIN WIN PROPERTY FEATURES Off Plan Freehold bungalows in the world's most liveable city. Luxury 4 Bedroom, 2 bathroom, 2835sqf with stunning views of the surrounding hills. Close to shopping,
      386 words
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      313 2 I'tl ©YAMAHA r 26 27 April 20IH suntec convention hgii Meeting Room 303-30H 10am 6pm O^N Y\6 f G'** p'°rV e VS ACOUSTIC UPRIGHT PIANO Designed to meet the expectation of pianists at all levels U1J Silent $7,900 UP $9,900 SILENT SERIES When "peace and quiet" becomes your responsibility i
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      116 3 Depuis 1775 a** F -V, >* r 1 -i-=-.V t W V A i fl. V5? W B V V V T w sS i a Tt ■A 1 4 /f 1 >> S^? 4. Breguet, the inn Invention of the Tourbillon, TSO With the Ciassique “Grande Complication”Tourbillon Messidor wristwatch,
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      136 4 ART EXHIBITION Equator* Selected Paintings from 50-70's Hai Hui Art Gallery has great pleasure in presenting a special art exhibition of historic significance. In 1956 a group of young Singapore artist collectively pursued a certain artistic ideology. Today, the artists are artists of high calibre. The Exhibition will feature a
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      344 5 RESIDENCE ULTIMATE RESORT LIVING IN PRIME SCOTTS-BUKIT T1MAH Goodwood Residence presents a rare indulgence of prime freehold homes of unparalleled luxury. Set on sprawling 2.5 hectares, this landmark development is a tranquil sanctuary within walking distance from the vibrancy of Orchard Road. Experience the design sophistication of renowned architect, WOHA
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  • COMPANY NEWS
    • Article
      Lock icon SIAS: Minority interest addressed in CMA offer
      567 6  -  It also says it is satisfied that there is independence in review of the offer By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT SINGAPORE’S retail investor watchdog has weighed in on the heated debate surrounding CapitaLand’s privatisation offer for CapitaMalls Asia (CMA). The Securities Investors Association
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    • Article, Illustration
      Lock icon SMRT shares shoot up to 4-month high of $1.215, prompt SGX query
      498 6  -  By R SIVANITHY sivan@sph.com.sg @RSivanithyBT SHARES of rail operator SMRT Corp yesterday rocketed up 19 cents, or 18.5 per cent, to a four-month high of $1.215 on a high volume of 14.6 million shares, prompting a query from
      Source: Bloomberg  -  498 words
    • Article
      Lock icon CapitaRetail China Trust’s Q1 DPU up 3.9%
      387 6  -  Strong organic growth, CapitaMall Grand Canyon cited for performance By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT FOR the first quarter of this year ended March 31, CapitaRetail China Trust (CRCT) marked a 3.9 per cent increase in distribution per unit (DPU) to 2.4 cents, due
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    • Article, Illustration
      Lock icon Thakral to refocus its distribution business
      466 6  -  It will move to lifestyle and green products in 3 years By RAPHAEL LIM raphlim@sph.com.sg THAKRAL Corporation, known for its electronics distribution business and property investments, has unveiled new growth plans across its divisions in the hopes of bringing positive returns to shareholders. The
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    • Article
      Lock icon HK firm’s first S$ bond issue 10 times subscribed
      429 6  -  The Far East Horizon 3 1 /2-year bonds are priced at 4.25% By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT FAR East Horizon Ltd (FEH) has made a strong debut in the local bond market as Chinese bond fever reaches Singapore. The Hong
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    • Article
      Lock icon Ascott Trust Q1 DPU falls 22% on rights issue dilution
      550 6  -  By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT ASCOTT Residence Trust (ART) posted a 22 per cent year-on-year drop in distribution per unit to 1.75 cents for the first quarter of this year due to dilution from shares issued following a one-for-five rights
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    • Article, Illustration
      Lock icon Sale of Equity Plaza may be in the works
      549 7  -  Sam Goi-controlled GSH Corp said to be in talks; price tipped at $550-560m By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT NEGOTIATIONS are under way for a potential sale of Equity Plaza, a landmark quadrant-shaped office block beside Republic Plaza in the Raffles Place
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    • Article
      Lock icon Hong Leong Finance Q1 profit dips
      305 7  -  By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT A TOUGH macro environment in Singapore, partly owing to property curbs, has led Hong Leong Finance to post a 5.4 per cent decline in net profit to $14.43 million for the first quarter ended March 31, 2014. This translates
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    • Article
      Lock icon StarHub gets downgraded back to 'hold'
      298 7  -  DBS’s move follows telco’s about-turn on plan to charge for 4G services By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT THE best-laid price plans can sometimes come to nought. Yesterday, DBS Group Research’s Sachin Mittal had to downgrade StarHub back to “hold” from “buy” after regulatory intervention
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    • Article
      Lock icon Sheng Siong Q1 earnings jump 19.3%
      288 7  -  By JAIRA KOH jairakoh@sph.com.sg SUPERMARKET chain Sheng Siong Group posted a 19.3 per cent year-on-year increase in net profit in the first quarter as marketing initiatives and longer operating hours bore fruit. Net profit rose to $12.5 million, or 0.91 cents per share, for
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    • Article
      Lock icon UOB to focus on organic growth: CEO
      364 9  -  But M&A possible to complete the bank’s South-east Asia footprint AGM WATCH By KENNETH LIM kenlim@sph.com.sg @KennethLimBT UNITED Overseas Bank (UOB) will focus on growing organically, but will be on the look-out for opportunities to cement its position in South-east Asia, chief executive
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    • Article
      Lock icon Temasek’s Olam offer turns unconditional
      466 9  -  Offer period now extended till 5.30pm on May 23 By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT TEMASEK Holdings’ offer for Olam International has been declared unconditional, as the level of acceptances crossed the 50 per cent mark of Olam’s maximum potential share capital. The offer period will
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    • Article
      Lock icon Results snapshot Reported on April 24, 2014
      140 9 COMPANY REPORTING PERIOD REVENUE NET PROFIT /LOSS Y-O-Y PROFIT CHNG EPS DPS LAST TRADED PRICE Hwa Hong Q1 $5.9m $2.4m 28.1 $0.0037 0 $0.31 Sales fell 34.8 per cent as investments revenue halved to $3.9 million, but cost of sales shrank 51.5 per
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    • COMPANY BRIEFS
      • Article
        Lock icon Public portion of POSH IPO 3 times subscribed
        33 9 PACC Offshore Services Holdings closed its $388.3 million initial public offering with the public portion three times subscribed at $1.15 per share. Trading begins today.
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      • Article
        Lock icon Asiasons chairman sells deemed stake
        66 9 THE outgoing chairman of Asiasons Capital has sold his one-third stake in two vehicles through which he jointly controlled a deemed 49.3 per cent stake in the investment firm, leaving him with just a 3.8 per cent direct interest. Mohammed Azlan Bin Hashim, who was
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      • Article
        Lock icon Roxy-Pacific to buy Sydney building
        49 9 PROPERTY and hospitality group Roxy-Pacific Holdings will acquire a 28-storey commercial building in Sydney for A$90.2 million (S$105.4 million) in cash, to be financed by internal funds and bank borrowings. The 1,950 square metre site comes with 19,552.7 sq m of net lettable area.
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      • Article
        Lock icon HPL picks CIMB as independent adviser
        35 9 HOTEL Properties (HPL) has appointed CIMB Bank as the independent financial adviser to assess a joint $3.50 per share privatisation offer by tycoon Ong Beng Seng and Wheelock Properties.
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    • Article
      Lock icon OCBC takes long-term view of Wing Hang deal: chairman
      352 9  -  CEO says the HK bank’s NPL ratio is lower than OCBC’s By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT AT the OCBC shareholders’ meeting yesterday, questions on China and the bank’s acquisition of Wing Hang Bank were lobbed at the bank’s top officials from
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      136 7 PARADISE FOUND PHOTOGRAPHED BY CHUANDO FREY From left, Igor Augusto in printed trackpants, Zara. Single-breasted blazer (slung over shoulder),Topman.Takeshi Uematsu in military coat and slim trousers, Zara. Printed cotton shirt, H&M. Madison Stubbington in tassel tunic, H&M. Sheer embroidered stockings,Topshop. Ankle boots,Vince Camuto. Adam Butcher in knit sweater, H&M.Tapered cuff
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon ST Index rebounds 25.9 points
      658 8  -  Traders expect positive US showing; index components account for 57% of market’s $1.34b turnover STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent After dropping about 20 points on Wednesday ahead of a fall on Wall Street, the Straits Times Index (STI) rebounded 25.92 points to 3,283.93
      Source: Bloomberg  -  658 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Apr 24 VALUE CLOSE BT OB/OS 263.0 +108.0 BT CADI -*****.0 +182.0 BT 10-day MA -*****.00 +26.00 FTSE ST Mid Cap 762.32 +11.55 FTSE ST Small Cap 549.94 +3.46 FTSE ST All Share 798.06 +7.21 FTSE ST China Top 205.09 +2.54 FTSE ST China 233.89 +2.75 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME Memstar Tech 295,452,000 HanKore Env 150,083,000 Charisma Energy 118,741,000 Vallianz 87,733,000 Equation 64,545,000 Albedo 41,607,000 Cacola 32,779,000 Rex Intl 32,736,000 Golden Agri-Res 31,168,000 APAC Strategic 29,142,000 VALUE($) SingTel 94,276,940 DBS Grp 72,546,326 UOB 67,452,482 Wilmar Intl 54,970,353 OCBC Bank 48,234,040 Keppel Corp 45,059,555 Olam Intl 41,419,236
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 2 3 0 0 0 9 2 3 Manufacturing 64 35 37 5 9 11 69 44 48 Commerce 28 14 20 7 2 3 35 16 23 Tpt/Stor/Comms 23 8 8
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      896 8  -  Compiled by JOYCE HOOI Cache Logistics Trust April 24 close: $1.175 OCBC Investment Research, April 24 CACHE Logistics Trust turned in a firm set of Q1 2014 results. Net property income (NPI) climbed 8.2 per cent y-o-y to $19.6 million, whereas distributable income rose 5.5 per cent to
      Source: Bloomberg  -  896 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,556 28,556 89,584 89,584 Manufacturing 545,970 105,491 651,461 156,180 3,083 159,263 Commerce 72,164 165,531 237,695 101,724 17,947 119,671 Tpt/Stor/Comms 129,166 710 129,876 202,612 81 202,693 Finance 19,828 250 20,078 202,659 93 202,752 Construction 54,953 150,411
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      121 8 Stock name Close Change CapitaLand 3.270 +0.060 CapitaMall Trust 1.990 +0.020 CapitaMalls Asia 2.210 -0.010 CityDev 11.100 +0.080 ComfortDelGro 2.090 +0.060 DBS Grp 16.900 +0.100 Genting Sing 1.355 +0.005 Global Logistic 2.790 +0.030 Golden Agri-Res 0.615 +0.005 HPH Trust USD 0.685 +0.005 HongkongLand USD 6.880 +0.110
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    • Article, Illustration
      Lock icon Euro trims gains against US$; yen up
      489 8 CURRENCIES Bloomb erg [NEW YORK] The euro yesterday pared gains against the US dollar and the yen after European Central Bank (ECB) president Mario Draghi said slowing inflation may trigger asset purchases. The yen strengthened for a second day against the dollar before
      Bloomberg; PHOTO: BLOOMBERG  -  489 words
    • Article
      Lock icon RISES
      113 8 BY CENTS CLOSE UP Prudential500USD 2000 527.7 26.6 SPDRS S&P 500 10US$ ***** 66.6 0.3 JSH 500 USD 3620 51.5 1.1 Jardine C&C 4896 39.0 0.8 UOB 2260 35.0 1.6 SPDR DJIA 10US$ ***** 32.7 0.2 DBXT USDIGInfl 5US$ ***** 25.1 0.1 DBXT MSKorea 10US$ 6382 22.6 0.3 UOL
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    • Article
      Lock icon FALLS
      131 8 BY CENTS CLOSE DOWN NSL 162 -52.0 -24.3 DBXT iBoxxSvEu 5US$ ***** -40.2 -0.1 Singapore Land 937 -23.0 -2.4 DBXT EONIA 5US$ ***** -20.1 -0.1 DBXT MSJAP 10US$ 4349 -20.1 -0.4 Hyflux 6% CPS 10 ***** -20.0 -0.2 DBXT iBoxxUSTr 5US$ ***** -15.1 -0.1 Lyxor AsiaCS 10US$ 5944 -11.3
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      330 9 irj -011 PRODUCT m > W «r POIAR puffs cakes TM -V r '’fiODUC^' 1 t\ A fJJa DJi^Ti^FJC. INITIATE Our puff pastries are usually heated in a conventional oven. This is time consuming, and the oven is bulky. We need to find a quicker way to prepare our pastries
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Workers with disabilities, bosses to get help in $30m programme
      595 10  -  Old scheme’s $100k per firm funding cap removed so even more can be done EMPLOYMENT INITIATIVES By CHUANG PECK MING peckming@sph.com.sg THE government is giving more help to disabled Singaporeans who are looking for jobs. Minister for Social and Family
      ST FILE PHOTO  -  595 words
    • Article, Illustration
      Lock icon Spa co-op opens branch at Parkroyal Kitchener
      412 10  -  By LISABELLE TAN lisatan@sph.com.sg IN 2011, Vivian Hoong was a spa therapist working long hours. On top of that, she had to meet quotas to earn the commissions that would bump up her low basic wage. She wanted to strike out on her
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    • Article
      Lock icon MOM proposes tribunal to settle pay disputes
      301 10  -  By TEH SHI NING tshining@sph.com.sg @TehShiNingBT THE Ministry of Manpower wants to set up a small claims tribunal to handle salary and other employment disputes between all workers and their employers. The proposed tribunal is meant to provide workers with “an expeditious and
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    • Article
      Lock icon Burkina Faso expects more investors from Singapore
      364 10  -  By SHEENA TAN tsheena@sph.com.sg THE president of Burkina Faso, here on a four-day visit, is hoping that more investors will go to his country to view the African nation as an investment destination. At the Burkina FasoSingapore Business Forum yesterday, President Blaise Compaoré
      364 words
    • Article
      Lock icon Three SPH dailies win print awards
      218 10  -  By KARA QUEK karaquek@sph.com.sg THREE daily newspapers from Singapore Press Holdings (SPH) have won awards for their reproduction and print quality. The English language flagship daily The Straits Times, Chinese language daily Lianhe Zaobao, and Malay language daily Berita Harian picked up the “Best
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    • Article, Illustration
      Lock icon SICCI chairman elected unopposed
      552 10  -  Members hopeful this will bring much needed cohesion By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT THE owner of the Stamford Press Group of Companies and secretary-general of the Management Development Institute of Singapore (MDIS), R Theyvendran, is the new chief at the Singapore Indian Chamber of Commerce and
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    • Article
      Lock icon Tharman to chair EDB’s International Advisory Council
      301 10  -  He takes over from Teo Chee Hean from May 1 By GOH KANG SHIONG gohkangs@sph.com.sg DEPUTY Prime Minister Tharman Shanmugaratnam will take over as chairman of the Singapore Economic Development Board’s (EDB’s) International Advisory Council (IAC) from May 1. He takes over the
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      2222 11 Financial Results Year Ended 31 December 2013 SUMMARISED FINANCIAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2013 The following Financial Statements contain only a summary of the information in the full financial statements and directors’ reports of DBS Group Holdings Ltd and its subsidiaries (the Group) and DBS Bank Ltd
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  • S SPECIAL LUXURY LIVING
    • Article, Illustration
      Lock icon Snooze in style
      724 12 / 13  -  Create an elegant bedroom by picking a bed that suits your taste By JOSEPH LIM THE most prominent piece of furniture in the bedroom is the bed, which also sets the look of the room. Put some thought into what type of bed you want, if you
      PHOTO: MINOTTI; PHOTOS: MINOTTI, XZQT, FURNITURE CLUB  -  724 words
    • Article, Illustration
      Lock icon Pillow talk
      888 14  -  Check for comfort, firmness and height before buying one By TEO KUAN YEE A PILLOW that becomes flat over time, and a shoulder strain or constant neck ache are signs that it is time to change your pillow. This is because if your pillow is too low, it
      PHOTO: SIMMONS; PHOTO: TEMPUR  -  888 words
    • Article, Illustration
      Lock icon Sweet slumber
      859 15  -  The ideal mattress enables you to sleep soundly in cool comfort By JOSEPH LIM A GOOD bed isn’t just about how aesthetically pleasing it looks as the key to good sleep rests on a quality mattress. Many components make up the feel of a mattress and these include
      PHOTOS: SIMMONS  -  859 words
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      222 12 / 13 CHECK-IN TO FIRST-CLASS SLEEP SIMMONS 7 HEAVENLY SLEEP, DIVINE COMFORT Finally a mattress that was built, layer-by-layer, with the highest levels of support and comfort in mind. The Beautyrest® Recharge™ Celestine mattress is crafted on a foundation of Beautyrest® Recharge™ Technology, a combination of Beautyrest® Pocketed Coil® Technology, AirCool™ and
      222 words
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      Lock icon Page 12 / 13 Advertisements Column 2
      250 12 / 13 MATTRESSES AND PILLOWS X r\ ■te I For your best night's sleep Feel comfort, feel support, feel TEMPUR® TEMPUR material is temperate-sensitive, so it is SOFT where you want it and FIRM where you need it™. Whether you prefer a firmer of softer mattress, TEMPUR has the perfect fit for
      250 words
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      Lock icon Page 12 / 13 Advertisements Column 3
      297 12 / 13 Made in Norway imagine comfort Imagine a personal oasis of tranquillity where time is your own. A place to lean back, close your eyes and enjoy a well-deserved time-out. But you don’t need to imagine. You can make it real in a Stressless® of your own. IJSf rdw&r) THE INNOVATORS
      297 words
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      153 14 XZQX Italian Sofas SALE ill““ 4m Storewide Discount On Sofas i NICOLETTIHOME 5er.emat§©ra Itaca Sofa Angel Sofa h NICOLETTIHO f I Maratea Sofa Domus Sofa Selected Models 60% off UnCompromised Q ualit v 1 iMMSra y u\ desireeij Glow In Sofa desireeij Sheer Elegance r Tuliss Sofa Lacooirlsland r Sofa
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      92 14 a EflH UEflUE ir I fe Showroom at 9 Tagore Lane (Upper Thomson Road) #02-05 9@Tagore S-*****2 6457 2267 teak@teakavenue.com www.teakavenue.com www.facebook.com/teakavenue One of the hardest and strongest of woods, Burmese teak has a high level of durability and great beauty. The beauty of teak will enhance the luxury, elegance
      92 words
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      328 15 V" THE BEAR KNOWS™ Contemporary European Home Furnishing RRP: S$4,899 Elfurninova Now: S$3,675 VESTA 2.5 Seater Leather Sofa Products Fully Imported from Europe The Bear Knows™ Flagship Store Liang Court #03 05/06/07/08 177 River Valley Road, Singapore *****0 Contact us: 6338 9366 Opening Hours: 11:00AM 9:00PM “Full range of Sofa.
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  • MALAYSIA
    • Article, Illustration
      Lock icon Proton eyes production partnerships in China
      432 16 Lotus presence will help develop the M’sian brand there, says Mahathir [BEIJING] Proton Holdings is looking at manufacturing cars in China, riding on the success and future growth of the Lotus marque in the region, says former Malaysia Prime Minister Mahathir Mohamad. Dr Mahathir,
      432 words
    • Article
      Lock icon MAHB shares dip 0.5%; Q1 earnings up 2%
      335 16  -  BY S JAYASANKARAN in Kuala Lumpur SHARES in Malaysia Airports Holdings (MAHB) eased 0.5 per cent to RM8.02 yesterday after the country’s largest air-termi-nal operator’s earnings for the first quarter ended March 31, 2014, rose 2 per cent to RM128.7 million (S$49.5
      335 words
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      1669 16 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices and its subsidiaries (incorporated in the Republic of Singapore) Company Registration Number: *****0003D FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 IMPORTANT The following financial information contains only a summary of the information in the financial statements of the Finance
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      1224 16 Kang Yen Capital Limited Business Company Number: *****57 In Voluntary Liquidation Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004 (as amended), the voluntary liquidation of Kang Yen Capital Limited commenced on 15/04/2014 and that Alison Watson of 21 Collyer Quay #19-01 HSBC
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon BJP expected to do well in regional party strongholds
      649 17 Polls say it is set to make gains in Tamil Nadu, West Bengal Reuters [CHENNAI] India’s opposition Bharatiya Janata Party was set to make gains in two big states in the south and east that began voting yesterday in the sixth
      Reuters; PHOTO: AFP  -  649 words
    • Article
      Lock icon China imposes travel budget on officials
      275 17 New rules ban them from travelling on full-price tickets Reuters [BEIJING] China has ordered officials to pay discount airfares for business trips, as part of Beijing’s campaign to crack down on wasteful government spending. The new rules ban officials from travelling on full-price tickets
      Reuters  -  275 words
    • Article
      Lock icon Investors snub MSCI plan for China stocks
      784 17 It is proposing to include yuandenominated A shares in its indices Bloomberg [SINGAPORE] MSCI’s proposal to include mainland Chinese equities in its global indices is getting a cold reception from investors. Fidelity Worldwide Investment calls it crazy. Schroder Investment Management says that it’s
      Bloomberg  -  784 words
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      108 17 BuildTechYangon2014 l sl Myanmar Building Technology Industry and Supply Event A Wise Investment 22 24 May 2014 Myanmar Convention Centre Yangon I MYANMAR PRE-REGISTER AT www.btyangon.com ILvjl !lVTlK<W m ■in Va m u a fF ft Organised by: Held alongside: sphere MyanmarO Urban Development Conference 2014 C0y*****(° Universal Glory Holdings
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      40 17 I f KISS 92mi All the great songsmoneplace I MI •Hi ft \ma w* w o -3SX B Vl F Ik n facebook.com/kiss92fm 0kiss92fm www.kiss92.sg Download the KISS92 mobile app now! -T KISS92 is part of SPH Radio Network ■A*-'*-
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  • WORLD
    • Article, Illustration
      Lock icon Facebook’s Q1 earnings blow past analyst estimates
      729 18 Stock jumps 6% as profit triples to US$642m; revenue climbs 72% Bloomberg [SAN FRANCISCO] Facebook was once mired in mobile-advertising doldrums. That was so in 2012. The world’s largest social-networking site reported first-quarter profit and revenue on Wednesday that blew past analysts’ estimates.
      Bloomberg; PHOTO: BLOOMBERG  -  729 words
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      Lock icon Equities no longer linked to raw materials
      883 18 Bloomberg [NEW YORK] Banks’ pullback from commodities trading is weakening the link between raw materials and equities, and helping to re-establish supply and demand as the main factor in setting prices, United Nations researchers say. As Barclays plc, JPMorgan Chase Co and Morgan
      Bloomberg; PHOTO: AFP  -  883 words
    • Article
      Lock icon Few tech stocks to buy at current levels: Buffett
      722 18 He also said US govt should play a part in the housing market Re uters [NEW YORK] Berkshire Hathaway chairman and chief executive Warren Buffett said on Wednesday that he would buy very few technology stocks at current levels and that
      Reuters  -  722 words
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      Lock icon Eurozone deficits mostly in line with EU ceiling
      453 18 AFP [BRUSSELS] Eurozone public finances improved in 2013 as the economy finally turned the corner on a record recession but total debt levels remained dangerously high, official data showed on Wednesday. The average eurozone government deficit the shortfall between revenue and spending
      AFP  -  453 words
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      Lock icon Durable goods orders buoy growth outlook
      544 19 Jobless rate seen falling this month from 6.7% in March LATEST US DATA Reuters [WASHINGTON] Orders for long-lasting US manufactured goods rose more than expected in March and a measure of business capital spending plans surged, bolstering views of an acceleration in growth in
      Reuters; PHOTO: AFP  -  544 words
    • BRIEFING
      • Article
        Lock icon Alstom shares jump 14% on report that GE is in talks to buy firm
        97 19 Reuters [PARIS] Shares in Alstom jumped as much as 14 per cent yesterday after a report that US conglomerate General Electric was in talks to buy the struggling French turbine and train maker for about US$13
        Reuters  -  97 words
      • Article
        Lock icon MtGox to be liquidated on Japan court orders
        96 19 AFP [TOKYO] Failed Bitcoin exchange MtGox, whose collapse hammered the digital currency’s reputation, is to be liquidated after a Japanese court yesterday ordered the start of bankruptcy proceedings, said a lawyer appointed to carry out the process. The ruling by the Tokyo
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      • Article
        Lock icon World’s tech giants to be founders of Core Infrastructure Initiative
        105 19 Reuters [BOSTON] The world’s biggest technology companies have agreed to donate millions of dollars to set up a group that will fund improvements in open source programs such as OpenSSL, the software whose “Heartbleed” bug has sent the computer industry
        Reuters  -  105 words
      • Article
        Lock icon GM’s Q1 profit plunges 88% after massive recall
        97 19 Reuters [DETROIT] General Motors Co said yesterday that first-quarter profit tumbled 88 per cent after a massive recall due to defective ignition switches, but results still topped expectations on strong pricing for its redesigned pick-up trucks in North America and improvement overseas.
        Reuters  -  97 words
      • Article
        Lock icon Yellen, Cyrus among 41 women in Time 100 list
        101 19 Reuters [NEW YORK] Janet Yellen, the first woman to lead the US Federal Reserve and pop star Miley Cyrus were among the 41 women in the Time 100, the most women ever included in the magazine’s list of the world’s most
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    • Article
      Lock icon Apple’s moves mask market’s impatience for next gadget
      719 19 Investors want more than stock split, increased dividend and share buyback Reuters [SAN FRANCISCO] Apple just bought itself some much-needed time. On Wednesday, the company surprised Wall Street with news that it sold more iPhones in the March quarter than even the
      Reuters  -  719 words
    • Article
      Lock icon Russian army stages drill as Putin warns Ukraine
      293 19 Bloomberg [MOSCOW] President Vladimir Putin warned Ukraine against continuing its anti-separatist offensive after government troops killed five rebels and prompted Russia’s military to begin new drills on the two nations’ border. “If it’s true that the current regime in Kiev sent the
      Bloomberg  -  293 words
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      382 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF REECH AIM ASIA PTE. LIMITED Co. Reg. No. *****3714N (IN CREDITORS’ VOLUNTARY LIQUIDATION) Extract of the minutes of Corporate Representative at the Extraordinary General Meeting of Reech Aim Asia Pte. Limited convened and held at 20
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      2221 19 >®' WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices In the matter of the Companies Act, Cap 50 And In the Matter of Aspinden Holdings Limited (In Members’ Voluntary Liquidation) (Registration No.: *****5948M) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act,
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  • ENABLING EMPLOYERS AWARDS 2014
    • Article, Illustration
      Lock icon More bosses hiring the handicapped
      311 20  -  For these employers with heart, it also makes economic sense, as workers are hard to come by these days.CHUANG PECK MINGreports MINGreports days.CHUANG PECK MINGreports MORE employers are hiring handicapped workers and making them a permanent addition on their payrolls thanks in part to the
      311 words
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      Lock icon Where the disabled are part of the family
      491 20  -  By CHUANG PECK MING HANDICAPPPED workers appear to have a permanent role in Han’s. Which is probably why the restaurant chain, famous for its affordable western dishes, hooked up with 13 special needs schools and welfare agencies to provide training to their
      491 words
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      Lock icon Nurturing those with special needs
      407 22  -  Prince’s Landscape Construction sets aside 10% quota for such workers, reportsCHUANG PECK MING reportsCHUANG reportsCHUANG PECK MING ONE in 10 workers at Prince’s Landscape Construction is handicapped. This is not by coincidence. Alson Tan, a director of the company, has deliberately set aside 10 per
      407 words
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      Lock icon Uniqlo practises what it preaches
      387 22  -  By CHUANG PECK MING UNIQLO preaches “equal opportunity for all” and practises it. The Japanese retail giant offers disabled people the same jobs given to the abled. They are not hidden from public view and asked to do some backroom chores, but serve customers at
      387 words
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      Lock icon Room for the disabled
      532 23  -  MOH Holdings tweaked its job processes and renovated its offices to cater to the three disabled workers it employed recently. CHUANG PECK MINGreports MINGreports CHUANG PECK MINGreports WHEN MOH Holdings started to expand recently, it wanted to build an inclusive workplace. So it went out to
      532 words
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      Lock icon Quietly making his mark as 3D model instructor
      379 23  -  By CHUANG PECK MING DARREN See is among the youngest 3D model instructors and, while he can see, he can’t hear. The 35-year-old design engineer is the world’s first deaf Autodesk certified instructor. Autodesk is an American company that writes 3D design
      379 words
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      51 20 RECOGNISED FOR THE ENABLING EMPLOYERS AWARDS 2014 I Understanding People I Developing Potential I Creating Opportunities ft A m i V i 3G 4 w K 4 FT 3E N vs INTERCONTINENTAL SINGAPORE CM) CROWNE PLAZA CHANGI AIRPORT BS UA Holiday Inn Holiday Inn SINGAPORE ATRIUM SINGAPORE H3 InterContinental Hotels
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      645 21 Enabling Employers Awards 2014 Congratulations to the winners of the Enabling Employers Awards 2014 for their exemplary efforts in promoting the employment and integration of persons with disabilities at the workplace. Our appreciation to Minister for Social and Family Development, Mr Chan Chun Sing, for being the Guest-of-Honour at the
      645 words
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  • Page 22 Advertisements
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      413 22 LEAV&& It 9 wcu)S\ve~L'-i Cbeioa-ra aTrv^ (O' Building a better working world Diverse abilities help us build a better working world EY is committed to building an organizational culture where all differences matter. We embrace all types of diversity and foster an inclusive culture that values and respects individuality. Ml
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      36 22 Dan Bowen Cafe r IJ* PM iir mu I liil Bowen loan Bowen Cafe 5 C4UTI0N i s/. 5PS Meals prepared and served by a Special crew since 2009 www.joanbowen.com Oj W&k rr. t V G§
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  • Page 23 Advertisements
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      144 23 Eureka Call Centre Systems (S) Pte Ltd Supporting Employment For Persons With Disabilities We are honoured to be presented the Leader Award, Enabling Champion Award and Exemplary Employee Award during the 2014 EE Awards. At Eureka CCS, we see Technology as an Enabler. We re-engineered our call centre jobs for
      144 words
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      211 23 V A STRONG CARING CULTURE IS CRUCIAL IN SUSTAINING GROWTH For two years running. Flan's has won the Top Leaders in the Enabling Employers Award (2011 and 2012) for our FIR practice of training and employing PWDs (People With Disabilities). Flan's started to employ the disabled in 2008, in addition
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  • EDITORIAL & OPINION
    • Article
      Lock icon Breaking the ‘blokey’ culture in boards
      509 24 EDITORIAL THE old boys’ club, at least among the oil majors, is starting to make room for more women. At its annual general meeting on May 20, Royal Dutch Shell is set to bring aboard two additional female directors, including Singaporean Euleen Goh, to
      509 words
    • Article, Illustration
      Lock icon Why share awards to staff are a bad idea
      749 24  -  REUTERS BREAKINGVIEWS THE BOTTOM LINE By EDWARD HADAS COCA-COLA’S plan to give generous awards of shares to executives has angered some of its shareholders. They have good reason to complain about the potential transfer of about 15 per cent of the
      749 words
    • Article, Illustration
      Lock icon Strong clinical governance key to averting mishaps
      1173 24  -  Healthcare sector should continually explore best ways to ensure oversight, quality and safety By TAN WAH YEOW ALLAN YEO The writers are, respectively, head of Asia Pacific healthcare practice and principal adviser, healthcare practice, at KPMG in Singapore. The views and opinions in
      PHOTO: REUTERS  -  1,173 words
    • Article, Illustration
      Lock icon Private equity: end of years of frustration
      645 25  -  Calmer conditions bring back enthusiasm and optimism for the industry By HUGH MACARTHUR, GRAHAM ELTON, BILL HALLORAN SUVIR VARMA The writers are leaders of Bain Company’s private equity group. FTER four frustrating years of false starts, nervous capital markets and deal-dampening volatility, the
      Sources: Dealogic; Preqin  -  645 words
    • Article, Illustration
      Lock icon Recalls: Earlier action could have saved carmakers billions
      902 25  -  REUTERS BREAKINGVIEWS By OLAF STORBECK CARMAKERS are spending more and more time in the repair shop. Between them, General Motors, Toyota and Volkswagen have found problems in 16 million of their cars. As astounding as it sounds, that’s not even a record
      PHOTO: BLOOMBERG  -  902 words
    • Article, Illustration
      Lock icon Sun’s Ranbaxy buy the medicine India needed
      866 25  -  YOGI AGGARWAL WITH Sun Pharma buying out Japanese giant Daiichi Sankyo’s stake in India’s former leading pharmaceutical company Ranbaxy in an all-stock deal recently, a significant trend of increasing purchases of Indian companies by foreign pharma giants has been temporarily reversed. Since it
      866 words
    • Article
      Lock icon More needed for retail investors’ participation
      456 25 LETTER TO THE EDITOR SINGAPORE Exchange’s latest third-quarter results say it all: “SGX’s Q3 earnings slump 22.4% to $75.8m” (BT, April 24). Operating profit from the securities market segment fell 32.7 per cent to $53.1 million and daily average trading value, 27.7 per cent
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  • PROPERTY
    • Article, Illustration
      Lock icon Exec condos helping people meet their housing aspirations: Khaw
      335 26  -  Some 86% of EC buyers in the last three years are HDB dwellers, he says By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] Most buyers of executive condominiums (ECs) in the past three years are HDB dwellers, suggesting that the EC scheme is
      BT Graphics: Ludwig Ilio; Source: MND  -  335 words
    • Article
      Lock icon Orchard Towers, Marine Parade units for sale
      250 26  -  By JAIRA KOH jairakoh@sph.com.sg [SINGAPORE] Three commercial units two in Orchard Towers and one in Marine Parade Central are up for sale. No indicative prices were provided. Marketing agent CBRE gave sale prices of shops in nearby malls as a guide. The freehold
      250 words
  • Page 26 Advertisements
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      742 26 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D09 HOUSE FOR SALE EMERALD HILL Freehold Conserve house. 2.5-storey. AA extensively done. Quality finishes. Approx 2816sf Ask
      742 words
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      Lock icon Page 26 Advertisements Column 2
      180 26 D09 APARTMENT FOR SALE NEW EXCLUSIVE LISTING! 1)The Laurels Cairnhill 2bdrm. 883 sf. Special 2) Res Killiney 2rm 1055sf. Below val, $2.2M! 3)The Boutiq Killney TOP soon 2rm, 883-937sf. D10 APARTMENT FOR SALE STEVENS ROAD Beautiful 1-bdrm home. 2 levels. Terrace on Upper and Lower floor. Approximately 1227 sq.ft Anthony
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  • Page 27 Advertisements
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      1055 27 REALSTAR THE LEADING BUNGALOW SPECIALIST More than 1,000 landed properties available $4.9 billion worth of landed property transactions handled In the dark about buying properties? Let REALSTAR light the way for you. HOUSES FOR SALE D15 D16 Dl 5 Crescent Road 2.5 Sty Detached Approx. 5900/ 7000 sqft Elevated, Pool
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      Lock icon Page 27 Advertisements Column 2
      129 27 D06 OFFICE FOR RENT PENINSULA PLAZA 1000 sqft. City Hall MRT. High floor. Good location! Suitable for Lawyer/ Accounting firm. Price neg! Available immedate. Call 9688 8827 D14 OFFICE FOR RENT OXLEY BIZ HUB Warehouse Office. 1076 sqft. 6M ceiling height. Full height glass panel. Attached toilet. Ramp-up. #03. S/pool
      129 words
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  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon Changi passenger traffic in March down 2.5%
      458 28  -  Drop attributed to reduction in longhaul capacity and Bangkok situation By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Changi Airport handled 4.49 million passengers in March, down 2.5 per cent year on year, dragged down by a reduction in long-haul capacity and political tensions in
      FILE PHOTO  -  458 words
    • Article
      Lock icon Mitsui pays China to free ship caught in 1930s row
      444 28 Reuters [BEIJING] Japan’s Mitsui OSK Lines paid about US$29 million for the release of a ship seized by China over a dispute that dates back to the 1930s war between the countries, China’s Supreme Court said yesterday. The Chinese government
      Reuters  -  444 words
    • Article
      Lock icon Firefly Airlines plane turns back after landing gear fails to retract
      289 28 AFP [KUALA LUMPUR] A Malaysia Airlines plane’s wheels refused to stow after take off yesterday, forcing a second flight by the flag-carrier to turn back in four days as it continues to reel from the loss of flight MH370.
      AFP  -  289 words
    • Article
      Lock icon Better passenger, cargo load expected next year
      383 28  -  Iata survey shows higher Q1 volumes, sees further pick-up By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] A pick-up in both passenger traffic and freight volumes is expected in the next year, though cargo yields may dip slightly while passenger yields are expected to edge
      383 words
    • Article, Illustration
      Lock icon Debris found on Aussie beach not from MH370: authorities
      387 28 AFP [PERTH] The Australian Transport Safety Bureau yesterday ruled out any link between material found on a beach in south-western Australia and the missing Malaysia Airlines jet. Debris described as “unidentified material” was found on Wednesday on a beach near Augusta,
      AFP; PHOTO: REUTERS  -  387 words
    • Article
      Lock icon TRANSPORT STOCKS
      248 28 SGX '000 Apr 24 S$ +/-Vol Ch Offshore 0.42 -0.01 110 Chuan Hup Hldg 0.28 0.01 263 Cosco Corp 0.75 0.03 3364 Cwt Limited Vol First Ship Lea 0.11 unch 111 Grand Banks 0.22 -0.01 203 Jaya Hold Ltd 0.79 0.01 150 K1Ventures 0.20 unch 1174 Keppel Corp
      248 words
  • Page 28 Advertisements
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      33 28 GO FOR GOLD Jewellers gear up for Akshaya Tritiya IIT STUDENTS WORK ON ROBOTS FOR THE BATTLEFRONT GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      33 words
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      Lock icon Page 28 Advertisements Column 2
      104 28 IFBO VIETNAM 2014 International Franchise Business Opportunities 4-6 September 2014 10.00am 5.00pm Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam International franchise brands and business concepts under one roof Get free lessons on franchising from the experts! Pick up useful tips on doing business in Vietnam *Enjoy preferential
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      24 28 Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Article
    Lock icon SHIPPING TIMES
    2333 29 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
    2,333 words
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      216 30 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4309 31 Transaction date: Apr 24 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 10.6 +0.4 7283 10.7 10.2 10.6 10.7 2.6 1.6 24.1 75.9 13.6 10.4 8Telecom Vol
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    • Article
      Lock icon SGX CATALIST
      436 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 Last Quote 1.9 0.9 t Advanced Systems 1 +0.1 652 1 0.9 0.9 1 19.5 Net M
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    • Article
      Lock icon UNIT TRUST & FUNDS
      11777 32 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.55/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1 9485/ China Opportunities 1 2 8253/ EM Local Ccy Bond 0 9031/ European Opportunities 1 1 3675/ Global Emerging
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    • Article
      Lock icon GLOBALQUOTE
      262 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 $mil 62 35.5 AVJennings A55 unch 8 55 55 55 58.5 3.6 6.4 4.5 203.6 52 35.5 Genting HK US$ US40.5 +0.5 5972 40.5 39.5 40 40.5 2666.7
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    • Article
      Lock icon SGX ETF
      1087 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 $mil 121 108.3 ABF SG Bond ETF 113.7 +0.2 113.7 113.7 113.5 114 519 143 119 CIMB APAC Div 100S$D 130.2 +0.3 130.2 130.2 129 131.5 114.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      658 33 Apr 24 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.25 *****.25 *****.13 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****8 Sep14 *****.00 0 8645 MSCI TAIWAN INDEX FUTURES SPOT 318.87 318.96 317.76 Apr14 318.60 319.30 317.20 319.30 ***** *****5 May14 318.30 319.50 317.30 319.50
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 33 In local curr In S$ In US$ dy yr dy yr dy yr Apr 23 Index Change Change Change Change Change Change World Preliminary 1193.9 -0.1 0.8 0.0 0.8 -0.1 1.2 EAFE Preliminary 949.4 -0.1 -0.7 0.1 0.2 0.0 0.6 Europe Preliminary 1377.7 -0.4 1.7
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 33 Apr 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.023 5.789 0.670 7.190 56.636 107.575 0.950 9.636 3.029 1.079 90.796 41.457 1.165 9.815 0.818 28.077 29.987 0.552 0.927 Canada 0.977 5.659
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    • Article
      Lock icon SIBOR
      30 33 Apr 24 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      78 33 Apr 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****T 31-Oct-14 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.3 5-Year NX*****W 2.5 01-Jun-19 104.97 105.10 105.10 10-Year NX*****H 2.750 01-Jul-23 102.25 102.45
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    • Article
      Lock icon PRECIOUS METALS
      139 33 Apr 24 GOLD(US$/oz) Apr 24 Apr 23 Hong Kong 1290.00 1291.00 Apr 23 Apr 22 London 1283.81 1282.80 1284.58 1283.60 Source: Thomson Reuters CAST BAR Apr 24 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 311 257 10gm 580 516
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    • Article
      Lock icon PALM OIL
      57 33 Apr 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 14 2698.0 2698.0 2705.0 2685.0 218 3844 Jun 14 2663.0 2668.0 2675.0 2657.0 4419 ***** Jul 14 2650.0 2651.0 2661.0 2640.0 ***** ***** Aug 14 2642.0 2642.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 33 Apr 24 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1649 1.1659 0.9272 0.9273 Canadian dollar 1.1385 1.1399 0.9066 0.9061 Euro 1.7384 1.7399 1.3836 1.3838 NZ dollar 1.0798 1.0810 0.8594 0.8598 Sterling pound 2.1094 2.1114 1.6789
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    • Article
      Lock icon CHICAGO BOT
      109 33 Apr 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1468.50 1479.75 1487.25 1466.75 Jul 14 1464.75 1470.75 1479.00 1460.50 Aug 14 1400.50 1397.25 1408.00 1389.50 Sep 14 1285.50 1278.25 1289.00 1272.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14
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    • Article
      Lock icon LIFFE
      94 33 Apr 23 COCOA (£/tonne) Close Prev High Low May 14 1868 1860 1871 1854 Jul 14 1882 1872 1885 1865 Sep 14 1882 1873 1885 1867 Dec 14 1875 1865 1879 1860 COFFEE(US$/tonne) Close Prev High Low May 14 2152 2146 2184 2140 Jul14 2170 2156 2197 2158 Sep
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1115 33 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 56 18 26 0.3 1 136 0.45 51 Asia-Pacific Strategic W*****6 1 0.3 30 279 25.08 1 Ratio Albedo Limited W*****9 Price Asiatic Grp(Hldgs) Ltd W*****5 ............2.2 unch
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 33 CRUDE OIL PRODUCTS Apr 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.92 -0.02 WTI (Near Mth) 101.77 -0.15 Dubai (1-Mth F) 105.85 0.07 Tapis blend 112.35 -0.17 Minas 111.05 -0.17 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.78 1.06 Jet Kerosene 122.23 -0.09 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      23 33 Apr 24 Apr s$ Bid Offer 1-month 1.2564 1.2573 2-months 1.2564 1.2573 3-months 1.2563 1.2573 6-months 1.2562 1.2571 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 33 Apr-23 Apr-23 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1837.25 1854.75 3 months 1874.50 1891.00 Copper, Grade A(US$/tonne) Cash 6685.50 6684.50 3 months 6670.00 6670.00 Lead(US$/tonne) Cash 2136.25 2139.75 3 months 2159.00 2159.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 33 As at 9am Apr 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.194 1.138 Can dollar 1.159 1.115 Euro 1.775 1.691 Sterling pound 2.147 2.065 NZ dollar 1.109 1.067 US dollar 1.281 1.220 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      158 33 Apr 24 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ 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
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  • executive lifestyle
    • Raising crowdfunding’s appeal
      • Article, Illustration
        Lock icon Turning ideas into viable businesses
        524 34  -  Singaporeans are avid supporters of crowdfunding schemes they’re the 10th biggest ‘givers’ in the world, according to US crowdfunding pioneer Kickstarter. Still, raising money via social media has yet to really take off here but that may well change as a growing number of platform
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      • Article, Illustration
        Lock icon Pozible offers bridge between Asia, West
        548 34  -  By RACHEL LOI rachloi@sph.com.sg POZIBLE Pozible.com AUSTRALIAN crowdfunding company Pozible entered Singapore and Malaysia three months ago and already the first wave of successful projects are coming out of Singapore. One success story, for example, is bag designer Gnome Bow, which raised over S$37,000
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      • Article, Illustration
        Lock icon Making it and at the right price
        456 34  -  By TAY SUAN CHIANG taysc@sph.com.sg @TaySuanChiangBT HAYSTAKT PROJECTS www.haystakt.com I NDEPENDENT craft makers often find themselves asking two big questions: How much to produce, and how to price it? Produce too much and you risk wastage if the product doesn’t sell. Make too
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      • Article, Illustration
        Lock icon Helping startups to do more
        634 35  -  By AVVIO/KENNEL/SMART SPACE www.avvio.me,inthekennel.com, www.smartspace.sg THREE companies are collaborating to accelerate the local crowdfunding scene by helping companies shape their brands and craft their products to market, linking them with private and crowdfunding sources. The local outfit is out to make crowdfunding more accessible for
        ILLUSTRATION: JADE FANG  -  634 words
      • Article, Illustration
        Lock icon Empowering women to start up
        484 35  -  By WOOMENTUM www.woomentum.com (coming soon) Fb: facebook.com/woomentum DO you believe in women power? More than 80 women who gathered at The Hub on Somerset Road on Tuesday night certainly did with many of them pledging on site to projects created by women entrepreneurs. It was
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  • COVER STORY/CINEMA
    • Article, Illustration
      Lock icon Muppets sequel has a tough act to follow
      598 35  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT ALMOST six decades in and The Muppets seem to lose none of their timeless appeal with their wicked absurdist humour. A 2011 big screen namesake reboot became their most successful cinematic outing ever, prompting this sequel which
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    • Article, Illustration
      Lock icon Chinese cinema’s eclectic appeal
      513 35  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT DEPENDING on its origin, Chinese cinema, much like its cuisine, is varied. Each has its own distinctive style and there’s a wide range to sample from as the 2nd Singapore Chinese Film Festival heads into its final stretch this weekend. While
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      44 35 Veteran Japanese Artists 16APR-9MAY Nobu Yamanaka Tomoko Seklno Kunl Ohtsuka Ryoko Kato ■f MW x <1 (7. r > x> r > V U i J f feci FINE ART Raffles Hotel Arcade 328 North Bridge Road #01-34 T: +65 6338 9073 w: www.nikeifineart.com e: info@nikeifineart.com
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  • ARTS
    • Article, Illustration
      Lock icon Unearthing pristine nature
      976 36  -  Famed documentary photographer Sebastiao Salgado tells RACHEL LOI how his latest exhibition, Genesis came into being RACHEL LOI rachloi@sph.com.sg HE may be 70 this year, but the legendary documentary photographer Sebastiao Salgado is not about to retire his trusty cameras any time soon. “I don’t know how
      PHOTO: YEN MENG JIIN  -  976 words
    • Article, Illustration
      Lock icon Crouching Tiger, hidden metaphors
      574 36  -  By HELMI YUSOF helmi@sph.com.sg IN the theatre production Ten Thousand Tigers, hybrid artist Ho Tzu Nyen has created for the stage a huge “assemblage box” a type of sculptural art made popular by artists like Joseph Cornell and Louise Nevelson in the mid-20th century. The assemblage
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    • Article, Illustration
      Lock icon S’pore returns to Venice Biennale in ’15
      275 36  -  By CHEAH UI-HOON uihoon@sph.com.sg SINGAPORE will “re-enter” the Venice Biennale next year, after the National Arts Council’s (NAC) controversial decision to pull out of last year’s edition. The selected artist will be Charles Lim, for his ongoing artwork, Sea State, curated by Shabbir
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    • Article, Illustration
      Lock icon Oon’s one-woman show
      508 36  -  By RACHEL LOI rachloi@sph.com.sg HOW well do you know the people around you? Do you know what your mother’s childhood was like? Or what problems your colleagues face at home every day? For most people, there are many excuses to not know the answers to these questions:
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    • Article, Illustration
      Lock icon Highlighting the struggles of aspiring musicians, singers
      752 37  -  Innamorati is a musical based on singer/songwriter Eric Moo’s compositions, reportsRACHEL RACHEL LOI rachloi@sph.com.sg AWARD-WINNINGsinger-songwriterEric Moo is often called one of the pioneers of xinyao, a local Chinese folk song movement that was popular in Singapore in the 1980s and 1990s. But to
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    • Article, Illustration
      Lock icon Memorable tunes in screen-to-stage adaptation
      531 37  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT GIVEN the number of songs army boys are taught to sing during National Service, it’s not surprising that Jack Neo’s box office smash Ah Boys To Men can be transformed into a musical. Even better, playwright Goh Boon Teck, songwriter
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    • Article, Illustration
      Lock icon The story of Little Voice in S’pore setting
      557 37  -  By RACHEL LOI rachloi@sph.com.sg YOU might be familiar with the story of Laura Hoff, aka Little Voice, because of the 1998 British musical film of the same title by Mark Herman, or the 1992 play The Rise Fall of Little Voice by
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      170 37 Experience Europe like never before^ INSIGHT VACATIONS The TLri of Touring in Sig/e chancevJ SAVE up to 1 5%* off 2 nd Pax! ’’j r> 9 m J y a AIRWAYS ABU DHABI Promotional economy class airfares to Europe starting from S$1,088 all in! Departure dates from April to October
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  • WINE/PURSUITS
    • Article, Illustration
      Lock icon Spanish wines are challenging the French – and winning
      1003 38  - Spanish wines are challenging the French and winning Spanish wines have long been well known, chiefly through the house of Torres, saysNK NK YONG THE other night, we were eating Spanish so it was appropriate to drink Spanish at least for the reds. Spanish wines have long been well k
      PHOTO: NK YONG  -  1,003 words
    • Around Town
      • Article, Illustration
        Lock icon Pick of the week
        192 38  -  By RACHEL LOI rachloi@sph.com.sg Spurious Stories from the Land and Water: Local photography takes centrestage at the Art Plural Gallery’s Third Floor gallery this week, with Sherman Ong’s latest solo exhibition titled Spurious Stories from the Land and Water. The exhibition features two photography series Monsoon
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      • Article
        Lock icon Theatre
        220 38 Decimal Points 810: Have you ever had a hallucination? Or had a hallucination about having a hallucination? That’s what happens to the protagonist of Decimal Points 810 a play written and directed by Neo Kim Seng and presented by Cake Theatrical Productions in partnership with The Substation. Neo’s story
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      • Article
        Lock icon Music
        70 38 A Tapestry of Sacred Music: The sixth edition of the three-day annual festival A Tapestry of Sacred Music brings a rich heritage of sacred music from across the globe for locals to enjoy. With more than 20 programmes from 10 countries, festival-goers will be spoilt for choice. ‘A Tapestry
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      • Article
        Lock icon Film
        90 38  -  free Compiled by gverano@sph.com.sg GEORGINE VERANO gverano@sph.com.sg EmancipAsia Modern Day Slavery Film Forum: Join EmancipAsia in its mission to raise awareness about modern-day slavery, a cruel trade that generates a $40 billion profit annually. Learn more about the trials of the slave trade and human trafficking through EmancipAsia’s Modern
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    • Article, Illustration
      Lock icon Les Amis grooms its own talent
      519 38  -  By GEORGINE VERANO gverano@sph.com.sg IF the mountain will not come to Muhammad, you know what Muhammad has to do. At the Les Amis group, it means that if it is too difficult to hire capable staff from the already dwindling pool of manpower in
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  • Page 38 Miscellaneous
    • Miscellaneous
      Lock icon Page 38 Miscellaneous Column 1
      327 38 CRYPTIC CROSSWORD Across 7 The old woman had briefly organised one Indian lady (8) 9 One deciding to leave country before catching plane (6) 10 Barbarian got down with army heading west (6) 11 Establishes companies, initiated by trick (8) 12 Magazine’s left something for fans to enjoy looking at
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      2385 39 ADVERTISEMENT 7'jlx y> a“> Proudly Presented by A CELEBRATION OF JAPANESE CULTURE FINE CUISINE 28 APRIL 31 MAY 2014 a ARTISTRY MEETS CRAFT Gourmet Japan returns for its third edition with the promise of culinary masterpieces bearing the hallmarks of meticulous refinement, culinary finesse and unmistaken tastes that Japan is
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      69 40 ION ORCHARD TEL: 65 6509 3312 dolcegabbana.it i H it r B a 3*5? X i r ■f >5 3% 1 7" I I vffi* r 0 ar I r v> r I I d >T 1 1 v\ I -V. *r ->■*■ kz r'A o i-arwr k. s.* w
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