The Business Times, 28 April 2014

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Total Pages: 30
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, April 28, 2014
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  • 627 1  -  By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] The labour market in Singapore will remain tight until 2020 and become even tighter for a full decade after that. This was labour chief Lim Swee Say’s outlook for the country’s manpower situation in his
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,267.57 +13.77 KL COMP 1,860.98 +8.29 NIKKEI 225 14,429.26 -87.01 HANG SENG 22,223.53 -536.71 SET INDEX 1,408.16 -1.02 JAKARTA COMP 4,897.64 +0.59 MANILA COMP 6,685.10 +13.92 SEOUL COMP 1,971.66 -32.62 SHENZHEN B 827.39 -17.36 MUMBAI IND 22,688.07 +59.23 DOW 16,361.46 -47.08 NASDAQ 4,075.56 -19.96 S&P
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    • 19 1 SINGAPORE 5.35 MALAYSIA INDONESIA HONG KONG 5.00 INDONESIA 15.034 TAIWAN US JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.257 (US$/S$ per 1.680 2.113 EURO (US$/S$/€ 1.384 1.740 Foreign currency per US$ S$ YEN 102.30 81.30 RM 3.271 2.601 HK$ 7.754 6.166 BAHT 32.31 25.69 RUPIAH 11,572 9,203 RENMINBI 6,254 4,973 INDIAN RUPEE 60.84 48.39 A$ 1.079 0.858 NZ$ 1.166 0.927
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  • 1005 1  -  But higher bar set by Wilmar, Golden Agri won’t have big immediate impact: analysts By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] The palm oil industry has reached a tipping point. In the last five months, two palm oil giants who together trade about
    BT Graphics; Source: Oil world, Compiled by BT, Photo: Bloomberg  -  1,005 words
  • Page 1 Advertisements
    • 96 1 VIEWS FROM THE TOP Doing more to consume less PAGES 10 11 BizIT Smart-city ambitions interest Siemens PAGE 30 TOPLINE It houses foreign workers comfortably PAGE 7 DINING OUT Modern spin on local favourites PAGE 23 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to
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  • TOP STORIES
    • 522 2 Sustainability: new ball game for palm oil firms IN the last five months, two palm oil giants who together trade about half the global supply Wilmar International and Golden Agri Resources have declared that their sustainability policies would apply not just to their own plantations, but also to
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    • 718 2  -  Abe’s aggressive push to turn on credit may have unintended results B)’ ANTHONY ROWLEY By in Tokyo AGGRESSIVE attempts by th e B an k o f J a p an t o force-feed local business with new bank loans in
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    • 636 2 Reuters [KUALA LUMPUR] Malaysian Prime Minister Najib Razak said yesterday that he and visiting US President Barack Obama had agreed to upgrade bilateral relations but suggested that his country remains far from ready to sign a US-led trade pact due to
      Reuters; PHOTO: AFP  -  636 words
    • 536 2  -  BY MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] Freshfields Bruckhaus Deringer a top global law firm and the market leader in international arbitration in Europe and the Americas is relocating its global head of international arbitration, Lucy Reed, to Singapore, in a move that reflects the
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    • 912 4  - Mostly positive signs outside of Ukraine Good labour report seen on Friday, with underpinnings of US economy better than thought by most people WALL STREET INSIGHT By ROB CURRAN LAST week, US stocks fell as traders bet Russia and the West were about to enter a punishing economic war over
      PHOTO: REUTERS  -  912 words
    • 768 4  -  GOING GREEN Reports by ANDREA SOH sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] Golden Agri-Resources (GAR) has evolved from being a black sheep in the industry to become a leader in sustainable palm oil policies. In 2009, the group came under attack by Greenpeace for being involved
      Compiled by BT, Photo: Bloomberg  -  768 words
    • 535 4 [SINGAPORE] At least one company has spied new business opportunities as momentum gathers for sustainable practices in the palm oil sector. Australia-based New Forests, which manages funds in timberland and environmental markets, is looking to provide a service to restore degraded
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  • Page 2 Advertisements
    • 120 2 Middle East Institute, NUS Annual Conference 2014 Goodwood Park Hotel, May 29-30 AFTER THE 'ARAB SPRING': DEVELOPMENT CHALLENGES AND SOLUTIONS Our line of distinguished panelists for this conference include: a SAMIR AMIN Director Third World Forum Dakar, Senegal SAMIR MAKDISI Founding Director Institute of Financial Economics American University of Beirut
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  • Page 3 Advertisements
    • 121 3 Swiss quality. The travel version. Fly directly from Singapore to Switzerland and experience how Swiss quality and hospitality can turn any journey into something special. Find out more on swiss.com r m 'h wwi-. r*-' s*- vvI -j b8 jwP ,v Si SiSS* ipjsfe^EI •> ,JT api'- SSI 1 r^i
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  • Page 4 Advertisements
    • 494 4 Financial Reporting Update Thursday, 22 May 2014 We are pleased to present a seminar on the developments in financial reporting, highlighting changes in Financial Reporting Standards that affect the current year i.e., financial years beginning on or after 1 January 2014 and other significant developments in financial reporting standards. We
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  • Page 5 Advertisements
    • 216 5 Congratulations <$> ROHDE&SCHWARZ m > A X X X X s 9 yrr. LJ ni Official Opening of Rohde Schwarz Das Spektrum@CBP Rohde Schwarz, Munich-based high-tech electronics company, is proud to announce the official opening of Das Spektrum@CBP, the first global hub outside of Germany. The new building for Rohde
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  • SINGAPORE MARKETS
    • 696 6  -  STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent WILL there be a last-minute push on the Straits Times Index on Wednesday, April 30? There might. Observers who keep a close watch on movements in the STI on significant days like the end of quarters, years
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    • 540 6  -  COMMODITIES VANESSA TAN The writer is an investment analyst at Phillip Futures. RECENTLY, rubber futures listed on the Tokyo Commodity Exchange (TOCOM) fell to their lowest since 2009. This is despite potential disruptions to the output of natural rubber, which could lead to
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    • 457 6 CURRENCIES Bloomberg [NEW YORK] The yen last week posted the biggest weekly gain among the US dollar’s 31 major peers as escalating tension in Ukraine spurred investor demand for the safest assets. The rouble fell with emerging-market currencies as German Chancellor Angela
      Bloomberg  -  457 words
    • 112 6 BY CENTS CLOSE UP Prudential500USD 2000 528.1 26.6 SPDRS S&P 500 10US$ ***** 262.8 1.1 DBXT USDIGInfl 5US$ ***** 168.5 0.5 DBXT E50 10US$ 5418 143.3 2.1 SPDR DJIA 10US$ ***** 110.6 0.5 DBXT MSEurope 10US$ 6184 96.8 1.3 Jardine C&C 4901 78.0 1.6 CityDev 1100 58.0 5.6 DBXT
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    • 134 6 BY CENTS CLOSE DOWN DBXT AUDCS 5US$ ***** -228.8 -0.9 DBXT iBoxxSvEu 5US$ ***** -168.5 -0.5 Lyxor AsiaCS 10US$ 5884 -120.7 -1.6 DBXT MSKorea 10US$ 6271 -90.5 -1.1 Lyxor Indonesia10US$ 8890 -89.3 -0.8 DBXT AUDCS 5SG$ ***** -76.0 -0.3 DBXT Nifty 10US$ ***** -70.4 -0.5 DBXT FTChina25 10US$ 2750
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    • 1595 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 3 10.12 13.98 1.66 1.42 Amtek Engineering Ltd 2.50 2.50 2 0.05 10.44 0.57 0.65 ARA Asset Management Ltd 2.29
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    • 5 6 WEEKLY
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    • 4 6 WEEKLY
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    • 77 6 Apr 25 VALUE CLOSE BT OB/OS 187.00 -76.00 BT CADI -*****.00 -99.00 BT 10-day MA -*****.00 +19.00 FTSE ST Mid Cap 755.98 -6.34 FTSE ST Small Cap 548.88 -1.06 FTSE ST All Share 793.79 -4.27 FTSE ST China Top 203.64 -1.45 FTSE ST China 232.77 -1.12 FTSE
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    • 60 6 VOLUME HanKore Env 784,356,000 Memstar Tech 770,466,000 Transcu Grp 574,378,000 Charisma Energy 328,908,000 Top Global 323,967,000 Albedo 320,616,000 CapitaMalls Asia 306,300,000 Vallianz 243,254,000 Equation 202,835,000 SIIC Environment 201,065,000 VALUE($) CapitaMalls Asia 676,827,910 SingTel 298,638,276 DBS Grp 268,244,950 UOB 236,666,861 Keppel Corp 228,073,090 OCBC Bank 206,265,221 CapitaLand 188,281,791
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  • Page 6 Advertisements
    • 103 6 Ask the Commodities Experts Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) 0 At Phillip Futures www.phillipfutures.com.sg *****500 futures@phillip.com.sg Co. Reg. No: *****5695G 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 Email: futures@phillip.com.sg The above information does not constitute an investment advice, an offer/solicitation
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  • COMPANY NEWS
    • 2781 7 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom bn 0.120 29-Apr 02-May 20-May 04-Apr ABR ak 1.500 06-May 08-May 28-May 14-Apr AdvaHldg ak 0.600 06-May 08-May 23-May 11-Apr AEI Corp an 0.500 05-May 07-May 15-May 27-Feb AIM ak 0.160 06-May 08-May 20-May 26-Feb AIMS Prop
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    • 1284 7  -  Doing its job well has paid off for Centurion, whose stock is flying high this year TOPLINE By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT AS THE only listed dormitory operator in Singapore, Centurion Corp has attracted a fair bit of attention in recent months, particularly after last
      PHOTO: YEN MENG JIIN  -  1,284 words
    • 916 8  -  TANlooks into whether the structure of S-Reits can be streamlined while they continue to retain their tax exempt status ANDY TAN The writer is a member of the Governing Council of the Singapore Institute of Directors REAL estate investment trusts (REITs) are hot properties.
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    • 812 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying rebounded sharply after falling for two straight weeks while the selling among directors rose based on filings on the Singapore Exchange from April 21 to 25. Buyers outweighed
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  • Page 7 Advertisements
    • 202 7 amplified fx In over 200 markets and 140 currencies, fast, easy execution for corporations and institutions worldwide. That’s FX amplified. The power of global connectionsTM “Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and
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  • Page 8 Advertisements
    • 685 8 QTVascular QT VASCULAR LTD. (Company Registration No. *****591 IK) (Incorporated in the Republic of Singapore on 6 March 2013) Placement of 196,429,000 Placement Shares at SS0.28 for each Placement Share, payable in full on application The Board of Directors of QT Vascular Ltd. (the “Company”) is pleased to announce that,
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  • SINGAPORE NEWS
    • Article, Illustration
      405 9  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT Deloitte donates $30,000 to HCA Hospice Care SINGAPORE’S largest home hospice provider, HCA Hospice Care, has received a donation of $30,000 from Deloitte Singapore. The funds were raised through a two-month internal campaign leading up to last Thursday’s JP Morgan Corporate Challenge, in
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    • 655 9 COMPANY MEETING PLACE DATE TIME AA Group A Peach Garden Hotel Miramar No. 401 Havelock Road (Level 3) 28-Apr 2.00pm AEI Corp A 12 Penjuru Lane 28-Apr 9.00am E Jurong Town Ind Estate 28-Apr 9.30am Asian Pay TV A Canning Room (Level 4) Raffles City Convention Ctr 80
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    • 276 9 Apr 25 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bangkok Bank Public Co. Ltd.... Bank of Communications 5.50 ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a ...5.50 BNP Paribas ...6.00 Chang Hwa
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  • Page 9 Advertisements
    • 403 9 SMU SINGAPORE MANAGEMENT UNIVERSITY ALIGN FOR n k 7. r >—*I j i r -V I* r r HI 1 j n -< •‘J! 1 ST Service excellence programme for Jt senior leadership A i- K 6 a v rr Comprehensive modules 8 Years in development Insights from I 11/
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    • 33 9 Want access toMKm V frf p i^l If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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  • VIEWS FROM THE TOP
    • 5456 10 THIS WEEK’S TOPIC: How can businesses go green and reduce their carbon footprint? What has been the impact on your organisation of the global mission to help save Planet Earth Sarah Montgomery Director of Client Solutions, Asia Opower BUSINESS has a critical role to play
      PHOTO: STOCK.XCHNG  -  5,456 words


  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1909 12  -  Exposure to the STI can give investors access to the stability and diversity of the index’s component stocks, writesGEOFF GEOFF HOWIE BEGINNER investors are likely to be more familiar with the English Premier League than they are with their local stock
      FILE PHOTO  -  1,909 words
  • Page 12 Advertisements
    • 113 12 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • MALAYSIA
    • 995 13 Both Aabar and Tanjong have options to take stakes in Powertek [KUALA LUMPUR] Abu Dhabi’s Aabar Investment PJS and T Ananda Krishnan-linked Tanjong plc have options to take significant stakes in Powertek Investment Holdings (PIH), the holding company belonging to 1
      PHOTO: REUTERS  -  995 words
    • 1369 13 VOL Apr 25 RM +/-(‘000) A M Realty 1.44 unch 794 Abric Bhd (’000) Advance Synerg 0.15 unch 413 Adventa Bhd 1.12 -0.03 213 Ae Multi Hldgs 0.22 unch 484 Affin Holdings 3.79 -0.01 405 Ahmad Zaki Res 0.77 0.01 1495 Alliance Finan Aluminium Co 0.75 0.02 231
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    • 620 13 It is to extract value from portfolio of companies [KUALA LUMPUR] Permodalan Nasional Bhd (PNB) is looking to merge three of its biggest property companies in a move to extract value from its portfolio of companies. Sources say that the fund is
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  • Page 13 Advertisements
    • 351 13 VOLUNTARY CONDITIONAL CASH OFFER by Cap/taLand Sound Investment Holdings Pte. Ltd. ("Offeror") a wholly-owned subsidiary of CapitaLand Limited ("CapitaLand") FOR CAPITAMALLS ASIA LIMITED ("CMA") Offer Price Offer Price Adjusted for Dividend S$2.22 S$2.2025 for each CMA share for each CMA share HOW IS THE OFFER PRICE ADJUSTED FOR THE S$0.0175
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  • COUNTRY PROFILE: KAZAKHSTAN
    • 1320 14  -  Kazakhstan has taken a number of measures to achieve the key goals in its long-term development programme.VINCENT WEEreports WEEreports programme.VINCENT WEEreports THE next stage of development of the Kazakhstan economy must be based on strategic planning and a key element of this is Strategy 2050, the
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    • 715 15  -  Kazakhstan is encouraging investments in the technology sector as it makes its transition towards higher value-added production, reports vincent wee reportsVINCENT reportsVINCENT WEE YET another key area of development for Kazakhstan is in the field of technology. Under the auspices of various forums
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    • 458 15  -  By VINCENT WEE THE meeting of a key institution of Kazakhstan, the Assembly of the People of Kazakhstan (APK), was held recently at Astana’s Palace of Independence. The 21st session of the assembly focused on Kazakhstan’s Strategy 2050 and fostering of a culture of peace,
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  • Page 15 Advertisements
    • 95 15 r i -f I -as c THE FVTHRE Of THE WOIID IS IN OUR HANDS Our responses to the widespread energy crisis today will define the legacy left for future generations. Through concerted action, we can take positive steps to relook at energy consumption and create new ideas to overcome
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  • CHINA/INDIA
    • 802 16 Slide was set off by China’s central bank, amid concerns of slowing growth NYT [HONG KONG] As President Barack Obama visits Asia in a bid to shore up US alliances, he faces an emerging challenge from the region’s behemoth, China, whose currency has
      NYT; PHOTO: REUTERS  -  802 words
    • 686 16 Reuters [NEW DELHI] An eminent Indian-born economist positioning himself to advise Narendra Modi if the opposition leader becomes India’s next prime minister would urge him to allow more foreign investment and trade to spur slow growth and curtail government spending.
      Reuters  -  686 words
  • Page 16 Advertisements
    • 371 16 STPROPERTY FORUM Date: Monday, 19 May 2014 REAL ESTATE OPPORTUNITIES R S SE UP TO THE CHALLENGES IN THE NGAPORE PROPERTY MARKE in B n B* B ffl Ln ff a Birri I m* it s; !0!’ f| iiniiMi 'i IjiniM PI njrr fflfl ii Ti hhi hub m i
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  • WORLD
    • 666 17 Bid comes on heels of reports that GE wants to buy French engineering group AFP [PARIS] German industrial giant Siemens said yesterday it wanted to discuss strategic opportunities with France’s Alstom, raising the prospect of a takeover tussle with General Electric (GE)
      AFP; PHOTO: AFP  -  666 words
    • 420 17 Reuters [LONDON] A British exit from the European Union (EU) could wreck London’s position as the only financial centre to rival New York and isolate the country’s economy, research ordered by a lobby group for banks and money managers showed. Prime Minister
      Reuters  -  420 words
    • 417 17 Pact will boost US troop presence in the country Bloomberg [MANILA] The Philippines and the US are slated to sign an agreement today that will boost the American troop presence in the South-east Asian nation, as it seeks to counter China’s assertiveness over
      Bloomberg  -  417 words
    • 684 18 Signs suggest that bond-buying programme will be cut back further AFP a current US$55 billion. The FOMC will likely cut another US$10 billion from that. Ms Yellen has said that the plan is to wind down the programme which has sought to hold
      AFP; PHOTO: AFP  -  684 words
    • 571 18 This is to find out if these methods could amount to bribery Re uters [WASHINGTON] US government agencies that have been probing banks’ hiring of children of powerful Chinese officials are expanding existing investigations in other industries across Asia to include hiring practices,
      Reuters  -  571 words
    • 652 19 Transactions announced as they face major patent expirations AFP [NEW YORK] Global pharmaceutical companies facing major patent expirations have announced billions of dollars of transactions in a wave of deal-mak-ing that could ultimately include mega-mergers and hostile takeovers. On Tuesday, Switzerland’s Novartis, GlaxoSmithKline of
      AFP; PHOTO: BLOOMBERG  -  652 words
    • 537 19 But common ground found to forge a two-way trade deal Reuters [TOKYO] Japan and the United States have found “common ground” to forge a two-way trade deal, but may not be able to resolve remaining sticking points in
      Reuters  -  537 words
    • 878 20 Regulatory agencies seem to be taking different approach to high-risk lending Reuters [NEW YORK] Some major US banks are privately complaining that they are getting the short end of the regulatory stick when it comes to the profitable business of lending to
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    • 350 20 Bloomberg [FRANKFURT] The European Central Bank (ECB) wants to align the maximum penalties it can impose on lenders for breaches of its rules as it prepares to oversee Europe’s banks. The ECB says the upper limit for fines that has
      Bloomberg  -  350 words
    • 441 20 This is latest effort by lenders to avoid swap-trading curbs Bloomberg [WASHINGTON] The main US derivatives regulator has begun monitoring the latest effort by Wall Street banks to avoid US swap-trading restrictions by restructuring their overseas trading divisions, an official at the
      Bloomberg  -  441 words
  • Page 17 Advertisements
    • 31 17 Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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    • 654 17 S* WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR DISTRIBUTION For the period from 1 October 2013 to 31 March 2014 a-ilTusI-ascendas india trust ASCENDAS INDIA TRUST (Registration Number: *****04) (a business trust registered under the Business Trusts Act, Chapter 31A of
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    • 192 17 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF CONNECTIONS PRODUCTION ENTERTAINMENT CO PTE. LTD. Company Registration No. *****1103K (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final Meeting
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    • 195 17 IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF CONNECTIONS TOURISM EVENT MANAGEMENT CORPORATION PTE. LTD. Company Registration No. *****2342N (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final
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    • 194 17 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF CONNECTIONS HOTEL RESORT MANAGEMENT CORPORATION PTE. LTD. Company Registration No. *****2348Z (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final
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  • Page 18 Advertisements
    • 88 18 DON’T BE FLUFFY. HOP TO IT! The Chinese language is beautiful. But when you mess it up, things can get pretty ugly. If you don’t wish to be sniffed at or lose the race, improve your grasp of the language via NewsTalk. Head for success, not disaster. Head for NewsTalk.
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  • Page 19 Advertisements
    • 938 19 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SIRE ENTERPRISES PTE. LTD. (Company Registration Number: *****2773D) (the “Company”) NEWSPAPER NOTICE NOTICE IS HEREBY GIVEN pursuant to Section 76(10)(h) and 76(12) of the Companies Act (Chapter 50) of Singapore (the “Act”) that: (1) at the Extraordinary Meeting of the Company deemed
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    • 918 19 NIXON INVESTMENTS PTE. LTD. (Company Registration Number: *****3150N) (the “Company”) NEWSPAPER NOTICE NOTICE IS HEREBY GIVEN pursuant to Section 76(10)(h) and 76(12) of the Companies Act (Chapter 50) of Singapore (the “Act”) that: (1) at the Extraordinary Meeting of the Company deemed to have been duly held on 24 April
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    • 710 19 v NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF MK DISTRIPARK PTE LTD Registration No.: *****2995N (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, (Chapter
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  • Page 20 Advertisements
    • 35 20 f KISS92* All the great songs in one place T a Sw 6 w r >-• «A J n facebook.com/kiss92fm 0kiss92fm www.kiss92.sg Download the KISS92 mobile app now! KISS92 is part of SPH Radio Network fl
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    • 143 20 Attention Local Business Owners! Breach our to** 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 COMPANY PROFILE Display your business logo to represent your company's
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  • Page 21 Advertisements
    • 870 21 It’s SPH’s 30th anniversary! Celebrate with us and you could be one of our 30 lucky winners. All you need to do is to enter our lucky draw now. If you are a direct subscriber of SPH newspapers, you get 5 chances to win! Hurry, contest ends on 18 May
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  • AVIATION
    • 290 22 Bloomberg [FRANKFURT] UK billionaire Richard Branson’s Virgin Atlantic Airways Ltd still isn’t sure whether it will ever fly the world’s largest passenger plane as it prepares for delivery of its first Boeing Co 787 Dreamliners. “We have options for six A380s” from Airbus
      Bloomberg  -  290 words
    • 563 22 US authorities have found M’sia ‘fully forthcoming’ in sharing info, he says Reuters [KUALA LUMPUR] US President Barack Obama said yesterday that the United States was fully committed to providing more assets to assist in the search for missing Malaysia Airlines Flight MH370
      Reuters; PHOTO: REUTERS  -  563 words
    • 806 22 He had not been up to task of directing rescue ops, he says Reu ters AFP [SEOUL] South Korea’s prime minister resigned yesterday, blaming corruption and “deep-rooted evil” for the sinking of a passenger ferry that left 300 people dead or missing, as
      Reuters; AFP; PHOTO: REUTERS  -  806 words
    • 305 22 AFP [SHANGHAI] Chinese budget carrier Spring Airlines said it plans to raise 2.5 billion yuan (S$505 million) in an initial public offering in Shanghai to fund fleet expansion. The company plans to sell up to 100 million new shares for listing on
      AFP  -  305 words
    • 247 22 SGX '000 Apr 08 S$ +/-Vol Ch Offshore 0.41 unch 16 Chuan Hup Hldg 0.26 unch 110 Cosco Corp 0.72 0.01 509 Cwt Limited...............1.49 -0.01 786 Ezra Hldgs 1.08 0.02 1194 First Ship Lea 0.11 unch 194 Grand Banks unch unch 0 Jaya Hold Ltd 0.78 unch 1799
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  • Page 22 Advertisements
    • 98 22 —T Show2014 H 29 May 1 June 2014 SUNTEC Singapore Halls 401-406 Why Exhibit? Leverage on an unrivalled publicity campaign. Sell your tech products and services to over 800,000 consumers directly. °SP*fju ira'ited /KvaU ab e For more information call *****620 or Email: sales@exhibitsinc.com.sg Our IT Shows: IT show| COMiKI
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    • 298 22 In our current economy landscape, the interest rates of the banks are at its all-time low. If we save all our hard-earned income in the bank, the real value of our savings will be eroded over time. The present inflation rate is much higher than the bank’s interest payout for
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  • Page 22 Miscellaneous
    • 344 22 CRYPTIC CROSSWORD Across 1 They may be seen at the courts, practising (10) 9 Growl when shaver is returned with middle part missing (4) 10 A single? Mid off is not clear (10) 11 Shade of nun seen round a religious establishment (6) 12 Fancy a Lennon song (7) 15
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  • SINGAPORE STOCKS
    • 4696 24 Week ended: Apr 25 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 97.5 69 ABR 20 3.3 A-Sonic Aero Div GrYld Net M Cap 10.9 6.7 AIMS Property 10.4 unch 227
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    • 500 25 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 35 22 t 3Cnergy 500 Last Vol Week 8.8 5.2 t APAC Strategic R Div Gr Yld 1.9 0.9 t Advanced Systems 1 unch
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    • 128 25 Stock name Close Change CapitaLand 3.240 -0.030 CapitaMall Trust 1.975 -0.015 CapitaMalls Asia 2.220 +0.010 CityDev 11.000 -0.100 ComfortDelGro 2.100 +0.010 DBS Grp 16.800 -0.100 Genting Sing 1.335 -0.020 Global Logistic 2.780 -0.010 Golden Agri-Res 0.605 -0.010 HPH Trust USD 0.680 -0.005 Stock name Close Change
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    • 1896 25 Transaction date: Apr 25 HONG KONG Vol HK$ +/-'000 Aeon Stores ■000 Angang Steel 4.86 unch 6046 Anhui Conch 29.00 -1.25 ***** Anhuiexpresswa 4.38 0.06 2232 Asia Satellite 30.80 -0.05 10 Asm Pacific 83.00 0.20 2600 Avic Ihl 0.06 3 Baiyunshan Ph 4.86 Bank Of China 3.37 -0.05
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    • 264 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 62 35.5 AVJennings A55 -2 9 55 55 55 58.5 3.6 6.4 4.5 203.6 52 35.5 Genting HK US$ US40 +0.5 ***** 40.5 39 40 40.5 2633.8
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    • 186 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 8 1 0 0 0 6 8 1 Manufacturing 73 67 41 11 12 10 84 79 51 Commerce 35 22 17 9 5 2 44 27 19 Tpt/Stor/Comms 27 13 4
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    • 1160 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.9 +0.2 78 114.2 113.5 113.5 113.9 519.9 143 119 CIMB APAC Div 100S$D 130.2 +0.4 0 130.6 129.9 128
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    • 123 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 121,365 121,365 410,339 410,339 Manufacturing 1,981,205 447,258 2,428,463 550,825 20,058 570,883 Commerce 440,472 709,533 1,150,005 408,251 58,133 466,384 Tpt/Stor/Comms 454,384 16,031 470,415 699,077 1,883 700,960 Finance 96,589 1,847 98,436 763,085 596 763,681 Construction 550,514 489,171
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    • 26 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 655 26 Apr 25 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.72 *****.32 *****.60 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****7 Sep14 *****.00 0 8647 MSCI TAIWAN INDEX FUTURES SPOT 318.81 319.25 312.80 Apr14 319.30 319.80 312.50 313.00 *****6 *****4 May14 319.40 319.90 312.70 313.20
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    • 373 26 In local curr In S$ In US$ dy yr dy yr dy yr Apr 25 Index Change Change Change Change Change Change World Preliminary 1186.9 -0.6 0.2 -0.8 0.1 -0.6 0.6 EAFE Preliminary 945.3 -0.5 -1.2 -0.6 -0.3 -0.4 0.3 Europe Preliminary 1371.5 -0.7 1.2
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    • 471 26 Apr 25 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 5.797 0.670 7.188 56.402 107.274 0.948 9.655 3.032 1.081 90.832 41.393 1.166 9.873 0.817 28.104 29.948 0.552 0.927 Canada 0.978 5.669
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    • 30 26 Apr 25 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth Source: Thomson Reuters
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    • 82 26 Apr 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****T 31-Oct-14 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.3 5-Year NX*****W 2.5 01-Jun-19 105.04 105.12 105.12 10-Year NX*****H 2.750 01-Jul-23 102.71 103.10
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    • 138 26 Apr 25 GOLD(US$/oz) Apr 25 Apr 24 Hong Kong 1299.00 1290.00 Apr 25 Apr 24 London 1301.80 1288.60 1302.35 1289.35 Source: Thomson Reuters CAST BAR Apr 25 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 314 259 10gm 585 521
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    • 57 26 Apr 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 14 2702.0 2701.0 2717.0 2702.0 227 3513 Jun 14 2682.0 2668.0 2695.0 2675.0 3662 ***** Jul 14 2666.0 2651.0 2680.0 2657.0 ***** ***** Aug 14 2655.0 2642.0
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    • 155 26 Apr 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1654 1.1660 0.9269 0.9272 Canadian dollar 1.1395 1.1403 0.9068 0.9063 Euro 1.7395 1.7400 1.3835 1.3837 NZ dollar 1.0778 1.0787 0.8572 0.8578 Sterling pound 2.1124 2.1132 1.6801 1.6805
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    • 109 26 Apr 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1498.00 1472.00 1500.00 1472.00 Jul 14 1494.25 1470.00 1496.00 1470.00 Aug 14 1428.25 1409.50 1429.00 1409.25 Sep 14 1302.00 1290.25 1303.50 1288.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14
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    • 94 26 Apr 25 COCOA (£/tonne) Close Prev High Low May 14 1837 1849 1851 1834 Jul 14 1848 1863 1863 1846 Sep 14 1851 1864 1864 1850 Dec 14 1846 1858 1858 1845 COFFEE(US$/tonne) Close Prev High Low May 14 2136 2152 2154 2120 Jul14 2150 2166 2169 2134 Sep
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    • 1236 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 ................56 18 26 0.3 1 139 0.44 51 Asia-Pacific Strategic W*****6 Exer Acma Ltd W*****7 Prem Albedo Limited W*****9 Asiatic Grp(Hldgs) Ltd W*****5 2.2 0.1 3401 0.0 2
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    • 70 26 CRUDE OIL PRODUCTS Apr 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.10 1.18 WTI (Near Mth) 102.21 0.44 Dubai (1-Mth F) 105.69 -0.16 Tapis blend 112.14 -0.21 Minas 110.84 -0.21 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.78 unch Jet Kerosene 121.57 -0.66 US$/barrel OpecOil Basket
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    • 22 26 Apr 25 S$ Bid Offer 1-month 1.2573 1.2575 2-months 1.2573 1.2575 3-months 1.2573 1.2575 6-months 1.2571 1.2573 Source: OCBC
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    • 66 26 Apr-25 Apr-25 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1814.25 1839.50 3 months 1852.50 1876.00 Copper, Grade A(US$/tonne) Cash 6783.00 6772.25 3 months 6765.00 6753.00 Lead(US$/tonne) Cash 2137.50 2145.25 3 months 2162.00 2168.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • 121 26 As at 9am Apr 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.190 1.134 Can dollar 1.161 1.117 Euro 1.779 1.695 Sterling pound 2.152 2.070 NZ dollar 1.101 1.059 US dollar 1.283 1.222 Local dollars to 100 units of foreign
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    • 157 26 Apr 25 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.12 US$ 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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  • 2238 27 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
    2,238 words
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    • 229 28 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 132-7 TO ADVERTISE the Business times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your
      229 words


  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • 908 30  -  German conglomerate feels it can help Singapore’s journey in this direction By AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT GERMAN multinational engineering and electronics conglomerate Siemens AG is closely following Singapore’s efforts to become a smart city by adopting more eco-friendly and sustainable technologies. The conglomerate, which is
      908 words
    • 383 30 Bloomberg [SAN FRANCISCO] Amazon.com Inc’s Jeff Bezos scared off investors across the technology landscape after announcing intentions to continue his spending spree. Amazon shares fell almost 10 per cent on Friday, leading an industrywide plunge that pushed Facebook Inc, Twitter Inc,
      Bloomberg  -  383 words
    • 1089 29  -  Startups have come up with ways to help those without bank accounts By VICTORIA HO ASIA’S population has embraced the Web, but the vast majority are still within the unbanked segment, locking them out of online transactions. Several mobile startups have discovered
      1,089 words
    • 495 29 NYT [BERLIN] For the first time in more than three decades, Nokia faces the future without being a player in the global phone business. On Friday, the company completed the sale of its beleaguered handset business to Microsoft for US$7.5 billion. The deal’s
      NYT  -  495 words
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    • 664 30 Brought to you by Hitachi Data Systems Redefine Your IT Future with Irasfructure rThis is a connected, always-on world. Businesses face tremendous challenges in keeping up with the rate of new technology, as well as evolving IT consumption practices, cost pressures and 24/7 customer expectations. To survive and thrive in
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