The Business Times, 29 April 2014

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Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, April 29, 2014
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  • Article, Illustration
    Lock icon Companies selective on governance revisions
    797 1  -  Multiple directorships cap in new Code worst followed: BT analysis By KARA QUEK, JAIRA KOH karaquek@sph.com.sg jairakoh@sph.com.sg [SINGAPORE] Many companies appear to be largely dismissive of the Code of Corporate Governance recommendations to limit multiple directorships on their boards, according to The Business Times analysis
    BT Graphics, Jaira Koh and Kara Quek. Compiled by BT  -  797 words
  • Article
    Lock icon IMF sees growth across Asia at 5.5% this year
    671 1  -  But it warns outlook could change with a sudden tightening in global liquidity By ANTHONY ROWLEY in Tokyo GROWTH across Asia should remain steady at around 5.5 per cent overall this year and the next, as advanced economies “turn the corner”
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,242.71 (-24.86) GST INDEX FUTURES 3,230.00 (-12.00) GSIMSCI 367.23 (-2.84) GSIMSCI FUTURES 365.80 (-1.60) US$ S$ US$ (S$ per US$) 1.255 (US$/S$ per 1.685 2.114 EURO (US$/S$/€ 1.387 1.740 Foreign currency per US$ S$ YEN 102.20 81.40 RM 3.265 2.601 HK$ 7.753 6.178 BAHT 32.23 25.68 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,855.74 -5.24 NIKKEI 225 14,288.23 -141.03 HANG SENG 22,132.53 -91.00 SET INDEX 1,411.23 +3.07 JAKARTA COMP 4,818.76 -78.89 MANILA COMP 6,604.35 -80.75 SEOUL COMP 1,969.26 -2.40 SHENZHEN B 815.58 -11.81 MUMBAI IND 22,631.61 -56.46 12noon EDT Change DOW 16,397.07 +35.61 NASDAQ 4,049.53 -26.03
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 5.35 MALAYSIA INDONESIA HONG KONG 5.00 INDONESIA 15.036 TAIWAN US JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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      210 1 EMERGING ENTERPRISE Start-ups gear up for the world stage page 1 3 SME Inc Pre-school embraces R&D PAGE 10 COMPANIES Wilmar, First Pacific shrug off Goodman Fielder snub PROPERTY S’pore land prices likely to soften this year PAGE 2 PAGE 5 TUDOR HERITAGE ADVISOR Self-winding mechanical movement, waterproof to 100
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      1 1 8"*****1"*****4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      491 2 Companies selective with governance revisions MANY companies appear to be largely dismissive of the Code of Corporate Governance recommendations to limit multiple directorships on their boards, according to a BT analysis. FRONT PAGE IMF sees growth across Asia at 5.5% this year GROWTH across Asia should remain steady
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    • Article, Illustration
      Lock icon Land prices expected to ease this year, say analysts
      655 2  -  Developers turning more cautious as home prices and sales volumes fall By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] With home prices slipping, sales volumes waning and more supply coming onstream, land bidding is starting to reflect developers’ cautious mood. Singapore land prices
      FILE PHOTO; Sources: Company data; URA; HDB; BNP Paribas  -  655 words
    • Article
      Lock icon Governments favouring indirect taxes to raise revenues: KPMG
      672 4  -  One in 10 countries has increased indirect tax rates in past 15 months By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Indirect taxes are becoming the “tax of choice” to boost state coffers worldwide, according to a KPMG report released yesterday. Over the past
      672 words
    • Article
      Lock icon CPF Board recovers $420m in employer contribution arrears
      352 4  -  By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] A step-up in reinforcement and greater awareness of workers’ rights have led to a recovery of $420 million in CPF arrears last year, up from $293 million in 2012. The arrears, which will benefit 250,000 local
      352 words
    • Article, Illustration
      Lock icon S’pore remains top offshore RMB hub
      342 4  -  BY KENNETH LIM ken|im@sph.com.sg @KennethLimBT [SINGAPORE] The Republic retained its position as the top clearing centre of offshore renminbi (RMB) outside of China and Hong Kong in March, according to latest data by Swift. The value of Singapore’s RMB payments rose more than four-fold,
      Source: SWIFT Watch  -  342 words
    • Article, Illustration
      Lock icon S’pore must press on with restructuring
      530 4  -  By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] Singapore must continue with its restructuring efforts as the country enters a new phase of development, said Acting Manpower Minister Tan Chuan-Jin. This must be done if the Republic is to achieve its vision of making “better workers,
      FILE PHOTO  -  530 words
    • Article, Illustration
      Lock icon Give better deal to POSB customers: DBS shareholders
      737 4  -  Stakeholders call for higher interest rates for savings By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] A call to give POSB customers a better deal in particular, higher interest rates for their savings dominated proceedings at DBS Group Holdings shareholders meeting yesterday. Mano
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      378 2 Join Asia's leading platforms for workplace safety and health. Discover new ideas, best practices and technologies to enhance the safety and health of your business in today's changing landscape. I w I'*™ y m Avoid Risks Think Safety^ The 9 th Occupational Safety+Health Exhibition for Asia Concurrent Events o THE
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      296 3 WINTERMAR WINTERMAR OFFSHORE MARINE GROUP I I Congratulations To Wintermar Offshore Marine Group On The Completion And Delivery Of WM PACIFIC Indonesia’s Largest Platform Supply Vessel WINTERMAR, a leading OSV operator in Indonesia, once again sets the standard for the Indonesian Offshore Industry with the acquisition of WM PACIFIC, a
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  • Page 4 Advertisements
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      34 4 r Own J cars? LmUJi J If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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  • COMPANY NEWS
    • Article
      Lock icon Goodman suitors eye due-diligence
      591 5  -  Rejected bid sees investor approval via rise in Aussie firm’s share price B)’ ANDREA SOH sandrea@sph.com.sg @AndreaSohBT SHRUGGING off a snub by Australia’s largest baking firm, Goodman Fielder, Wilmar International and Hong Hong-listed First Pacific an indirect shareholder of Indofood Agri Resources said that they will
      591 words
    • Article, Illustration
      Lock icon Raffles Medical Group Q1 profit up 8%
      478 5  -  Revenue boost from bigger patient load, new specialists By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT RAFFLES Medical Group (RMG) posted an 8 per cent year-on-year increase in net profit to $14.56 million in its fiscal first quarter, as revenues received a boost from a bigger
      BT FILE PHOTO  -  478 words
    • Article
      Lock icon HPH Trust’s Q1 earnings up 47% at HK$558.9m
      436 5  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT HUTCHISON Port Holdings Trust (HPH Trust) saw a 47 per cent increase in net profit to HK$558.9 million (S$90.6 million) for its first quarter ended March 31, 2014, compared with HK$380.3 million a year ago. Helping the
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    • Article, Illustration
      Lock icon Ho Bee Land’s Q1 profit plunges 92.1% to $4.1m
      358 7  -  Residential market still facing strong challenges, says CEO By MINDY TAN tanmindy@sph.com.sg @MindyTanBT HO BEE Land’s first-quar-ter net profit tumbled 92.1 per cent to $4.1 million from $52.1 million a year ago. Revenue slid 71.9 per cent, from $60.8 million to
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    • Article
      Lock icon Small but crucial Q3 profit for Grand Banks
      405 7  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT SINGAPORE-BASED yacht manufacturer Grand Banks Yachts has taken a significant step towards being removed from the watchlist of Singapore Exchange (SGX). The group announced its second consecutive quarterly net profit of $0.54 million for its third quarter
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    • Article, Illustration
      Lock icon Fitness First beefing up Asian presence
      415 7  -  By LISABELLE TAN lisatan@sph.com.sg UK GYM-chain operator Fitness First intends to grow its Asian footprint by pumping an estimated US$142 million into the region, with a particular focus on Singapore and Thailand. As Fitness First has secured sufficient funding for expansion, it will not
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    • Article
      Lock icon What to peg Reit managers’ fees to?
      887 8  -  HOCK LOCK SIEW By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT DIFFERENT real estate investment trusts (Reits) employ different performance fee structures with which to reward their managers. As private investor Bobby Jayaraman, who authored the book Building wealth through Reits, noted, there is no completely
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    • COMPANY BRIEFS
      • Article
        Lock icon EMS to acquire Int’l Offshore Equipments
        70 8 EMS Energy has, through its subsidiary EMS Offshore, entered into an agreement to fully acquire International Offshore Equipments, a Singapore-based manufacturer of marine and offshore deck machineries, for $800,000. The deal will be paid for in new EMS shares representing 1.7 per cent of
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      • Article
        Lock icon F&N acquires Yoke Food for RM54.6m
        108 8 FRASER and Neave (F&N) has acquired a 70 per cent interest in Yoke Food Industries Sdn Bhd for RM54.6 million (S$21 million). The acquisition will be funded from internal resources and is not expected to have a material effect on the net tangible assets
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      • Article
        Lock icon Midas bags contracts worth 146m yuan
        58 8 MIDAS Holdings’ subsidiary Jilin Midas Aluminium Industries has won 146 million yuan (S$29.3 million) worth of contracts for high-speed train car body components from CNR Changchun Railway Vehicle Co. Slated for delivery this year, these contracts are expected to contribute positively to Midas’ financial
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      • Article
        Lock icon SGX nod for JES listing of subscription shares
        62 8 JES International Holdings has received in-principle approval from Singapore Exchange (SGX) for the listing and quotation of 42 million subscription shares at 14.463 cents per share. The funds raised are expected to help strengthen the capital base of the company and fund
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    • Article, Illustration
      Lock icon Keppel FELS studying rigs with P&A jackups
      204 8  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT KEPPEL FELS, a subsidiary of Keppel Offshore Marine (O&M), has signed an agreement with Workfox BV, a subsidiary of the Seafox Group, to study the development of one of the world’s first jackup rigs with plug abandon- ment
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    • Article
      Lock icon Aspial buys third Melbourne property this year
      263 8  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT ASPIAL Corporation continues to expand its presence in Australia with its third Melbourne property purchase this year. The property, located at 54-64 A’Beckett Street, was acquired by its newly set up subsidiary, WCL-A Beckett (Vic), from City Light
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    • Article
      Lock icon Sapphire shares soar 38% on news of steel business sale
      612 8  -  Divestment will drive firm’s push into mining services By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT SAPPHIRE Corp’s shares defied the stock market’s general bearish tone yesterday, jumping 38 per cent on news over the weekend that it was selling its entire flagging
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      479 5 reaching The Apex of Sustainability Excellence SINGAP0RE SUSTAINABILITY AWARDS The Singapore Sustainability Awards is an initiative of the Singapore Business Federation (SBF) which showcases the most innovative and impactful sustainable practices and green solutions among organizations in Singapore. Inaugurated in 2009, the Awards recognize organizations for their outstanding sustainable business
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI falls with key Asian indices
      628 6  -  Shaky Wall Street close and rising Ukraine tensions pull local index down for second straight session STOCKS ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent IT was a tall order for the local bourse to hold steady after the shaky performance on Wall Street last Friday.
      Source: Bloomberg  -  628 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Apr 28 VALUE CLOSE BT OB/OS 95.00 -92.00 BT CADI -*****.00 -156.00 BT 10-day MA -*****.00 +9.00 FTSE ST Mid Cap 753.60 -2.38 FTSE ST Small Cap 545.58 -3.30 FTSE ST All Share 788.44 -5.35 FTSE ST China Top 201.61 -2.03 FTSE ST China 231.14 -1.63 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 11 1 0 0 0 2 11 1 Manufacturing 36 65 34 4 16 4 40 81 38 Commerce 15 29 18 4 6 3 19 35 21 Tpt/Stor/Comms 10 23 7
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    • Article
      Lock icon BROKERS’ TAKE
      974 6  -  Compiled by CAI HAOXIANG CDL Hospitality Trusts April 28 close: S$1.83 DBS Group Research, April 28 CDL Hospitality Trusts (CDLHT) reported a 2 per cent rise in distribution per unit (DPU) to 2.75 Singapore cents in Q1 2014 (23 per cent of estimates). This was on the back
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,203 28,203 91,893 91,893 Manufacturing 333,813 48,655 382,468 98,714 3,007 101,720 Commerce 99,641 186,652 286,293 82,702 6,805 89,507 Tpt/Stor/Comms 103,341 2,457 105,798 165,118 286 165,404 Finance 24,727 730 25,457 225,747 223 225,970 Construction 168,905 54,174
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      122 6 Stock name Close Change CapitaLand 3.190 -0.050 CapitaMall Trust 1.985 +0.010 CapitaMalls Asia 2.220 CityDev 11.00 ComfortDelGro 2.110 +0.010 DBS Grp 16.72 -0.080 Genting Sing 1.325 -0.010 Global Logistic 2.750 -0.030 Golden Agri-Res 0.600 -0.005 HPH Trust USD 0.675 -0.005 HongkongLand USD 6.870 +0.020 JMH 400
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    • Article, Illustration
      Lock icon Euro, sterling strengthen against greenback
      539 6 CURRENCIES Reuters [LONDON] The euro rose to a two-week high against the US dollar yesterday, aided by higher money market rates and expectations that inflation in the eurozone will tick up and ease pressure on the European Central Bank to loosen monetary policy. sterling soared
      Reuters; PHOTO: BLOOMBERG  -  539 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 6 VOLUME Albedo 158,427,000 Top Global 134,805,000 HanKore Env 134,073,000 Memstar Tech 86,554,000 Amplefield R 55,456,000 SIIC Environment 53,636,000 TopGlobal W*****9 51,630,000 CapitaMalls Asia 43,826,000 Golden Agri-Res 34,138,000 Charisma Energy 33,910,000 VALUE($) CapitaMalls Asia 97,703,150 UOB 81,347,230 DBS Grp 69,348,520 SingTel 66,103,410 OCBC Bank 58,878,541 Keppel Corp 46,377,515
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    • Article
      Lock icon RISES
      117 6 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 138.0 0.7 GLD 10US$ ***** 112.9 0.7 Lyxor ThaiSET 10US$ ***** 102.9 0.6 DBXT AUDCS 5US$ ***** 86.6 0.3 DBXT iBoxxSvEu 5US$ ***** 71.5 0.2 DBXT EONIA 5US$ ***** 51.4 0.2 DBXT AUDCS 5SG$ ***** 51.0 0.2 DBXT AUD Bonds 5AU$
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    • Article
      Lock icon FALLS
      129 6 BY CENTS CLOSE DOWN Lyxor Indonesia10US$ 8727 -204.5 -1.8 Jardine C&C 4750 -151.0 -3.1 JMH 400 USD 6163 -46.4 -0.6 DBXT FTChina25 10US$ 2715 -43.9 -1.3 SPDRS S&P 500 10US$ ***** -42.7 -0.2 AP Strat W*****6 17.2 -38.8 -69.3 DBXT E50 10US$ 5392 -32.6 -0.5 UOB 2214 -32.0 -1.4
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      161 7 Lars Seier Christensen, Co-CEO Co-Founder 1 5:42 Moscow, Russia One platform. One account. One organisation. One insight. One good idea. One instantly executed trade That's what makes the difference. You know that and so do we. That's why as a number one trading platform*, we offer you one point of
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  • Page 8 Advertisements
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      67 8 ooyaoooai® 26-28 May 2014 Traders Hotel, Yangon Join us at the international property exhibition! Contact Lily at +65 6548 5372 or email at lily@sphereconferences.com to receive an exclusive invite* to the exhibiton *Terms and Conditions apply Building Realities Your gateway to trends and investment opportunities in Myanmar's real estate r"
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      52 8 MWs ACADEMY 2014 Participate in the NO. 1 CHILDREN'S EDUCATION SHOW! Suntec Singapore 6-8 June 2014 111 am 9pm BOOK NOW! Limited Booths available! m ft -r For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg www.thekidzacademy.com.sg Organised by: sphere A SUBSIDIARY
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      28 8 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • SINGAPORE NEWS
    • Article
      Lock icon Rohde & Schwarz to expand local R&D
      350 9  - Rohde Schwarz to expand local R&D New $58m Changi facility houses first global hub outside Germany By SHEENA TAN tsheena@sph.com.sg GERMAN electronics company Rohde Schwarz opened its first global hub outside Germany here yesterday, named “Das Spektrum” (“The Spectrum”). The $58 million facility at Changi Business Park houses two entities.
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    • Article, Illustration
      Lock icon 13 from Hawker Master Pilot complete training
      514 9  -  Some from the first batch have opted to open their own hawker stalls -By KARA QUEK karaquek@sph.com.sg THERE is hope for our hawker heritage, as the inaugural batch of 13 trainees under the Hawker Master Trainer Pilot Programme completes their training and puts
      PHOTOS: LIM YAOHUI/THE STRAITS TIMES  -  514 words
    • Article
      Lock icon Appeal Judge V K Rajah to be new AG
      224 9  -  AG Steven Chong will be made High Court Judge on June 25 By JAIRA KOH jairakoh@sph.com.sg JUDGE of Appeal V K Rajah will succeed Attorney-General (AG) Steven Chong on June 25, a day after Mr Chong’s two-year term expires. Mr Rajah,
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    • Article
      Lock icon STATS ChipPAC, Novartis lauded for contributions
      263 9  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT DEPUTY Prime Minister Teo Chee Hean has conferred Singapore’s Distinguished Partner in Progress (DPIP) Award on Novartis International and STATS ChipPAC in recognition of their contributions to the nation’s economic growth, and their commitment to promoting social and community
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    • Article
      Lock icon Renewable fuel exports to US down in Q1: Neste
      470 9  -  Plunge due to US regulation uncertainties By RONNIE LIM ronnie@sph.com.sg FINNISH refiner Neste Oil has said that US environmental regulation uncertainties have lowered the proportion of its US-bound renewable fuel exports from half in Q4 last year to just 27 per
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  • Page 9 Advertisements
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      28 9 room flat? If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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      Lock icon Page 9 Advertisements Column 2
      453 9 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 WINWORTH INVESTMENT PTE LTD (Co. Reg. No.: *****2993H) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the above Company held on 24 April 2014 the following
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  • SME Inc
    • Article, Illustration
      Lock icon Kinderland’s emphasis on R&D no child’s play
      987 10  -  CEO Robert Leong talks to RAPHAEL LIM about its programmes and expansion plans RAPHAEL LIM AT Kinderland, Singapore’s largest locally owned private preschool educator, childcare is as much a science as it is an art. The kindergarten, known for its music-based curriculum, spends
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  • Page 10 Advertisements
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      66 10 Flexible working Investment opportunities for your property a ym thi y r Maximise the potential of your property by becoming part of the world’s largest flexible workspace network. We’re interested in a whole range of space, including traditional office buildings but a lot more besides from the CBD to retail
      66 words
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      302 10 f NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School Stay relevant in this dynamic and evolving economy with Nanyang Business School. Sharpen your business acumen with these executive development programmes and Be Distinctly Different. L/j Ij Nanyang Technological University (NTU) is ranked 41st in the world and also placed 2nd globally among
      302 words
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  • EMERGING ENTERPRISE 2014
    • Article, Illustration
      Lock icon Bringing consultancy value to SMEs
      1099 11  -  Three such firms can win $150,000 each for consultancy needs in a competition by OCBC, reports CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT MALL and mediumsized enterprises (SMEs) which require fresh ideas to grow their businesses can win $150,000 each to enable them to hire professional consultants. OCBC
      PHOTO: ARTHUR LEE  -  1,099 words
    • Article, Illustration
      Lock icon Vital to win customers’ trust amid evolving wants
      767 12  -  Good customer service processes will yield sales and brand loyalty COMMENTARY By REGINA CHUA The writer is the founder and managing partner of DD Consulting Pte Ltd and author of Firefly Consultative Engagement THE Internet has led to a borderless global marketplace
      PHOTO: BLOOMBERG  -  767 words
    • Article
      Lock icon Increasing staff effectiveness
      170 12 THE Firefly model is a framework for purposeful engagement at any customer encounter, universally applicable to both consumer and commercial markets. It is systematic and has structure, and its steps are easy to recall. Each letter in the word Firefly helps create purposeful dialogue: F: Flex– Adjust
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    • Article, Illustration
      Lock icon Leveraging foreign talent to go global
      664 13  -  Having a great idea is but the first step to successful execution. The founders of startups Numoni and Handshakes believe it is also crucial to adopt an international perspective. To prepare themselves, both firms have hired talents from different countries. While this helps in
      PHOTOS: YEN MENG JIIN  -  664 words
    • Article, Illustration
      Lock icon Non-stop data crunching their way ahead
      556 13  -  Data analysis firm Handshakes is constantly testing new algorithms By MINDY TAN THE plan was to take a break after launching in Singapore but a confluence of factors resulted in Handshakes taking on the Malaysian market earlier than expected, says Daryl Neo, founding director
      FILE PHOTO  -  556 words
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      187 11 Application to the Emerging Enterprise Award 2014 will close 2 May 2014 Over S$1.4 million worth of prizes to be won, and a chance to be recognised in this prestigious award. Apply today at www.EEaward.com Jointly Presented by: Official Auditor: Supported by: Innovation Partner: Preferred Payment Solutions Partner: BUSINESS FIRST
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      35 12 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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      73 12 www.comexshow.com.sg SINGAPORE’S LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IS BACK! 28 31 August 2014 SUNTEC Singapore Levels 3, 4 6 Sell your tech products services to over 600,000 consumers directly Leverage on an unrivalled publicity campaign Book Your Space NOW! *Limited BoothsAvailable (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR,
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      115 12 /<5uea u CVy 7C Singapore Gifts Premiums Fair 2014 16-18 July 2014 Marina Bay Sands, Singapore See a huge variety of new and innovative products on display, providing inspirational promotional ideas! Free Admission! Register at www.SGPFair.com/visitl Organised By: B| y I I k I IS Join in the conversation! I
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      217 13 Application to the Emerging Enterprise Award 2014 will close 2 May 2014 Over S$1.4 million worth of prizes to be won, and a chance to be recognised in this prestigious award. Apply today at www.EEaward.com Jointly Presented by: Official Auditor: Supported by: Innovation Partner: Preferred Payment Solutions Partner: BUSINESS SMART
      217 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M’sian, US firms ink 3 deals worth US$1.8b
      452 14  -  Obama’s KL visit sees GE in US$1.5b aircraft engines agreement with Air Asia X By S JAYASANKARAN in Kuala Lumpur THREE deals worth almost US$2 billion were signed between Malaysian firms and American businesses in Kuala Lumpur during the visit of US
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    • Article
      Lock icon State-owned Ekuinas to raise bumiputra equity participation
      470 14  -  By PAULINE NG in Kuala Lumpur FOUR years into its establishment, state-owned private equity fund manager Ekuiti Nasional Bhd (Ekuinas) wants to see its efforts in increasing bumiputra equity participation in the economy gain greater traction with the public share sale of its
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    • Article, Illustration
      Lock icon Fewer Indonesians seeking palm oil jobs in M’sia
      487 14 Reuters [KUALA LUMPUR] A slump in the number of Indonesian workers applying for jobs in Malaysia’s palm oil sector is worsening a labour crunch that industry players say is taking a heavy toll on the export earnings of the world’s sec-ond-largest grower
      Reuters; PHOTO: BLOOMBERG  -  487 words
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      528 14 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices 1 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FMB INDUSTRIES PTE. LTD. (“the Company”) (Co. Reg. No. *****3465H) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the
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      28 14 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • CHINA/INDIA
    • Article
      Lock icon China loan guarantees spark default contagion
      619 15 Some steel, textile firms in Huangzhou bear brunt as others fail to repay debt Reuters [SHANGHAI] A network of loan guarantees set up to improve companies’ access to credit in one of China’s richest districts is creating new risks of default as some debts
      Reuters  -  619 words
    • Article, Illustration
      Lock icon Rajan’s job safe if Modi wins: BJP treasurer
      801 15 Bloomberg [NEW DELHI] Reserve Bank of India governor Raghuram Rajan’s job will be safe if the opposition Bharatiya Janata Party (BJP) comes to power in elections ending May 16, Piyush Goyal, the organisation’s treasurer, said. “Just because he’s been appointed by someone
      Bloomberg; PHOTO: REUTERS  -  801 words
    • Article
      Lock icon China steelmakers to see better margins
      322 15 Reuters [SHANGHAI] China’s steel sector is expected to see quarterly margins improve over the three months to June, but a tough credit market and rising environmental costs will restrict gains, the China Iron Steel Association (CISA) said yesterday. Chinese banks have cut loans to
      Reuters  -  322 words
  • Page 15 Advertisements
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      759 15 8* WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LBEBW Landesbank Baden-Wurttemberg Head Offices: Stuttgart: D-***** Stuttgart Am Hauptbahnhof 2; Karlsruhe: D-***** Karlsruhe Ludwig-Erhard-Allee 4; Consolidated Off-Balance-Sheet Business Guarantee and surety obligations 5,933 6,464 Ratios in accordance With SolvV (Basel 2.5) Irrevocable loan commitments 21,582 22,381 Tier I Core capital
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  • WORLD
    • Article, Illustration
      Lock icon ‘Old normal’ US economy makes comeback
      943 16 Behind improved outlook are rising consumer spending, housing recovery Bloomb erg [ATLANTA] The “new normal” US economy is starting to look more like a classic expansion. Signs of a quickening recovery are casting doubt on the notion that lasting stagnation has become the norm
      Bloomberg; PHOTO: AFP  -  943 words
    • Article
      Lock icon Strongest US job growth is in low-paying jobs
      972 16 The poor economy has replaced good jobs with bad ones NYT [WASHINGTON] The deep recession wiped out primarily high-wage and mid-dle-wage jobs. Yet, the strongest employment growth during the sluggish recovery has been in low-wage work, at places such as strip malls
      NYT  -  972 words
    • Article
      Lock icon Japan retail sales hit fastest pace in March
      399 16 Reuters [TOKYO] Japanese retail sales rose in March at their fastest pace in 17 years as consumers went on a shopping spree before a national sales tax hike took effect on April 1, setting the stage for a decline in consumer spending
      Reuters  -  399 words
    • Article
      Lock icon Watchdog looking into London gold fix
      195 16 Bloom berg [NEW YORK] Regulators are stepping up their scrutiny of how gold prices are set, with officials from Britain’s Financial Conduct Authority visiting Societe Generale SA to observe the London fixing process, two people with knowledge of the matter said. They said investigators
      Bloomberg  -  195 words
    • Article, Illustration
      Lock icon US banks increase holdings of Treasuries to US$1.85t
      666 17 They are tapping record deposits to plow more money into safe assets Bloomberg [NEW YORK] America’s banks are regaining their appetite for US government debt. After culling Treasuries and bonds issued by federal agencies last year for the first time since 2007,
      Bloomberg; PHOTO: AFP  -  666 words
    • Article
      Lock icon Stockpiles of US natural gas hit 11-year lows
      364 17 Reuters [NEW YORK] The United States faces a natural gas supply shortfall this year despite the country’s fracking boom, threatening more price spikes as energy companies struggle to replenish stockpiles drained to critically low levels after a brutal winter. As the coldest
      Reuters  -  364 words
    • Article
      Lock icon Banks stick with fixed income despite slump
      549 18 They bet on flagging market’s rebound while exiting other businesses Reuters [LONDON] The world’s biggest investment banks are refusing to weaken their commitment to flagging fixed income markets, choosing to sacrifice other businesses such as commodities trading and corporate lending rather than pull
      Reuters  -  549 words
    • Article
      Lock icon Pending home sales up 3.4% in March
      292 18 LATEST US DATA Reuters Bloomberg [WASHINGTON] Contracts to buy previously owned US homes rose in March for the first time in nine months, in the latest sign the housing market was stabilising after a recent wobble. The National Association of Realtors said yesterday
      Reuters; Bloomberg  -  292 words
    • Article
      Lock icon Thai March factory output down for 12th month
      427 18 Reuters [BANGKOK] Thai factory output dropped for the 12th month in March as Thai opposition leader Abhisit Vejjajiva met the head of the armed forces yesterday to discuss ways to avert a showdown between rival political factions. The drop in output is
      Reuters  -  427 words
    • Article, Illustration
      Lock icon Security pact with Manila no threat to China: US
      464 18 Reuters [MANILA] President Barack Obama said a new military pact signed with the Philippines yesterday granting a larger presence for US forces would bolster the South-east Asian country’s maritime security, but was not aimed at countering China’s growing military might. The
      Reuters; PHOTO: REUTERS  -  464 words
    • BRIEFING
      • Article
        Lock icon M’sia arrests 9 on suspected terror links
        132 18 AFP [KUALA LUMPUR] Malaysian police said that they arrested nine people yesterday under a security law on suspicion of involvement in a terror group with overseas links. National police chief Khalid Abu Bakar said that the nine, aged from 22 to 55, were
        AFP  -  132 words
      • Article
        Lock icon Pfizer offers US$98.7b to buy AstraZeneca
        145 18 Bloomberg [PARIS] Pfizer proposed buying AstraZeneca for about US$98.7 billion in what would rank as the biggest-ever UK takeover and continues to be interested in a deal after getting spurned. Pfizer offered £46.61 a share in cash and stock for London-based AstraZeneca last January,
        Bloomberg  -  145 words
      • Article
        Lock icon UK regulators fine Invesco £18.6m
        117 18 Reuters [LONDON] British financial regulators have fined fund manager Invesco Perpetual £18.6 million (S$39.3 million) for exposing their clients to too much risk. In a statement yesterday, the Financial Conduct Authority (FCA) said that between May 2008 and November 2012, Invesco Perpetual flouted rules on
        Reuters  -  117 words
    • Article
      Lock icon US, EU impose new round of sanctions against Russia
      338 18 AFP Reuters [WASHINGTON] The US on Monday imposed sanctions against seven Russian government officials and 17 companies linked to Russian President Vladimir Putin in its latest action to punish Moscow for its intervention in Ukraine. The EU also added its weight
      AFP; Reuters  -  338 words
  • Page 16 Advertisements
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      85 16 26 29 June 2014 SUNTEC Singapore Halls 401 404 Looking to sell your food products, cooking solutions, kitchen appliances accessories to an expected turnout of 250,000 visitors? fb.com/singaporefoodshows Book Your Space NOW! *Limited Booths Available For more information call *****620 or Email: sales@exhibitsinc.com.sg foodandkitchen.com.sg Organised By: Our Food Shows: (Organiser
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      68 16 Myanmar© Urban Development Conference 2014 26-28 May 2014 Traders Hotel, Yangon Exclusively for International Developers! 50% discount off* published rate Register now! *Terms and Conditions apply Contact Jiahui at +65 6548 5378 or email at jiahui@sphereconferences.com Smart and Connected The only urban planning and infrastructure development conference dedicated to capitalising
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      330 16 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF ATMAN PTE. LTD. (In Members' Voluntary Liquidation) Company registration no. *****1127D At an Extraordinary General Meeting of the Company duly convened and held at 4th Floor, S-Oil Building, 471 Gongduk-Dong, Mapo-Gu, Seoul *****5 Korea on 22
      330 words
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  • Page 17 Advertisements
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      120 17 CLEANROOM WITH EQUIPMENT FOR SALE Invitation for Expression of Interest for Class 100/1000 Cleanroom together with office space and equipment. Sale by tender on “as is where is” basis. 181 meter square of office space and 749 meter square of lab area. Estimated size of cleanroom is 210 meter square
      120 words
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      86 17 DBS Online Equity Trading Now 60 lucky winners are tapping into greater returns with a free iPad Mini. Congratulations to all winners in our iPad Mini Daily Lucky Draw. JANUARY WINNERS Winner Name NRIC/Passport No. Winner Name NRIC/Passport No. www.dbs.com.sg Living, Breathing Asia ODBS> Contest period: 6 January 2014-31 March
      86 words
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  • Page 18 Advertisements
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      19 18 klSS92 FM place one in songs great the All I > m IN THE MORNING -WEEKDAYS 6AM-10AM D facebook.com/kiss92fm www.kiss92.sg
      19 words
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      42 18 HOT PROPERTY N w! >571/ Road. Glass panel. 2 T',s h CM “oo. f 338sf Buliwn^/S FACTORY SPACE FOR RENT Check this and many other properties in The Straits Times Classified now! THE STRAITS TIMES CLASSIFIED BUY IT SELL IT FIND IT
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  • AVIATION/SHIPPING
    • Article
      Lock icon ECB probes banks’ risky shipping loans
      1343 19 Central bank may ask banks to raise more capital in its audit review Reuters [HAMBURG] Reederei Heinrich, a 149-year-old German shipping company, risks losing two of its three vessels unless it repays loans as financial stress in the industry spreads to banks facing a
      Reuters  -  1,343 words
    • Article, Illustration
      Lock icon Missing plane may hasten MAS break-up
      897 19 The incident has put the carrier under global scrutiny Bloomberg [SINGAPORE] The disappearance of Malaysian Air flight 370 may hasten a break-up of the 76-year-old unprofitable airline. Even before the jet vanished on March 8 on its way to Beijing from Kuala Lumpur, Malaysian
      Bloomberg; PHOTO: BLOOMBERG  -  897 words
    • Article
      Lock icon Australia expands MH370 search
      294 19 AFP [SYDNEY] Australia’s prime minister yesterday announced an expanded search across a huge swathe of seabed where Flight MH370 might have crashed seven weeks ago, admitting that it is now “highly unlikely” that any surface wreckage will be found. A massive hunt for the Malaysian Airlines
      AFP  -  294 words
    • Article
      Lock icon TRANSPORT STOCKS
      238 19 SGX '000 Apr 28 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.28 -0.01 65 S$ Cwt Limited Vol Ch Offshore First Ship Lea Cosco Corp Grand Banks 0.23 0.01 642 Jaya Hold Ltd 0.79 unch 585 K1Ventures unch Keppel Corp 10.52 0.01 4392 Mercator Lines.........unch unch 0
      238 words
  • Page 19 Advertisements
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      28 19 Want access to 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-*****88.
      28 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      283 19 CRYPTIC CROSSWORD Across 5 Passionate Moor murdered in Australia (7) 7 Modest receiving second prize (5) 9 French local in British college (6) 10 Witticism about English vessel (3-5) 11 The Romans’ Chester declared ruined (10) 13 Boundary taken back by a military alliance (4) 14 I have indecent comic
      283 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Fiscal red ink poses challenges for Canberra
      507 20 EDITORIAL AUSTRALIA’S leaders have made it eminently clear that the next Budget, due shortly, will signal the time for austerity, especially for those dependent on government largesse. Indeed, there is much consternation among some older supporters of Prime Minister Tony Abbott’s coalition that
      507 words
    • Article, Illustration
      Lock icon TPA opponents weakening leverage of US govt, business
      775 20  -  THE BOTTOM LINE LEON HADAR Washington Correspondent MOST observers suggest that politics was responsible for the failure on the part of US President Barack Obama and Japanese Prime Minister Shinzo Abe to reach a trade deal during last week’s meeting in Tokyo.
      775 words
    • Article, Illustration
      Lock icon Shijuro Ogata – hero of Japan’s financial affairs
      1105 20  - Shijuro Ogata hero of Japan’s financial affairs The central bank is now more international in its approach, thanks to the ex-BOJ official ANTHONY ROWLEY Tokyo Correspondent THIS is a tribute to a largely unsung hero of the Japanese (and indeed global) world of financial and monetary affairs, Shijuro Ogata, who
      PHOTO: REUTERS  -  1,105 words
    • Article, Illustration
      Lock icon Momentum in Asia, S’pore set to continue
      898 21  -  Favourable global trends augur well for Asia, but risk factors remain dormant By GEOFFREY HEENAN The writer is resident representative, International Monetary Fund Singapore Office ASIA is well positioned to capitalise on the largely favourable global trends and enjoy steady growth in 2014-2015.
      PHOTO: AFP  -  898 words
    • Article
      Lock icon The future of the captured state
      899 21  -  By SIMON JOHNSON The writer is a professor at MIT’s Sloan School of Management and the co-author of ‘White House Burning: The Founding Fathers, Our National Debt, And Why It Matters To You’ Project Syndicate CONCERNS about state capture are nothing new. Special interests
      Project Syndicate  -  899 words
    • Article, Illustration
      Lock icon Why newspapers are like ice-cream
      651 21  -  By ROBERT J SAMUELSON The Washington Post Writers Group Matthew Gentzkow is the man who explained why the media are like ice cream. Prof Gentzkow, who teaches at the University of Chicago, has just won the John Bates Clark Medal for an outstanding American economist
      The Washington Post Writers Group; FILE PHOTO  -  651 words
    • Article
      Lock icon On May Day, appreciate foreign workers, elderly
      393 21 LETTER TO THE EDITOR SINCE the 1960s, Labour Day, or May Day, has been celebrated on the first day of May each year. This day is set aside as a public holiday to mark workers’ solidarity and as an acknowledgement of our workers’
      393 words
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  • Article
    Lock icon SHIPPING TIMES
    1300 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    1,300 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4134 23 Transaction date: Apr 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 20 3.3 A-Sonic Aero 10.3 unch 170 10.4 10.2 10.3 10.5 2.6 1.7 23.4 73.7 13.6 10.4 8Telecom Day
      4,134 words
    • Article
      Lock icon SGX CATALIST
      383 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 35 22 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) 51.5 30.5 t
      383 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11487 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.54/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1.9565/ China Opportunities 1 2 8081/ EM Local Ccy Bond 0 9027/ European Opportunities 1 1 366/ Global Emerging Markets
      11,487 words
    • Article
      Lock icon GLOBALQUOTE
      249 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US40cd unch 2315 40.5 39 39.5 40 2633.8 Sale 328 191 TanChongInt HK320cd unch 36 320 320 318 323 9.7 3.3
      249 words
    • Article
      Lock icon SGX ETF
      1123 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113 -0.9 5 113 112 113 113.9 515.8 143 119 CIMB APAC Div 100S$D 129.6 -0.6 129.6 129.6 128.4 131
      1,123 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      652 25 Apr 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.82 *****.03 *****.47 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****7 Sep14 *****.00 *****.00 *****.00 *****.00 5 8647 MSCI TAIWAN INDEX FUTURES SPOT 310.99 316.09 310.53 Apr14 312.90 316.60 310.30 315.30 *****3 *****4 May14 313.10
      652 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 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
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Apr 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.025 5.808 0.670 7.206 56.274 107.630 0.950 9.621 3.035 1.084 91.165 41.388 1.167 9.899 0.816 28.094 29.956 0.552 0.929 Canada 0.976 5.667
      471 words
    • Article
      Lock icon SIBOR
      30 25 Apr 28 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 25 Apr 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 31-Oct-14 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.3 5-Year NX*****W 2.5 01-Jun-19 104.98 105.05 105.05 10-Year NX*****H 2.750 01-Jul-23 102.63 102.70
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    • Article
      Lock icon PRECIOUS METALS
      137 25 Apr 28 GOLD(US$/oz) Apr 28 Apr 25 Hong Kong 1306.00 1299.00 Apr 25 Apr 24 London 1301.80 1288.60 1302.35 1289.35 Source: Thomson Reuters CAST BAR Apr 28 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 315 260 10gm 587 522
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    • Article
      Lock icon PALM OIL
      57 25 Apr 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 14 2712.0 2717.0 2735.0 2710.0 270 3222 Jun 14 2701.0 2688.0 2702.0 2682.0 4744 ***** Jul 14 2680.0 2672.0 2685.0 2667.0 ***** ***** Aug 14 2669.0 2663.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Apr 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1660 1.1670 0.9294 0.9295 Canadian dollar 1.1373 1.1388 0.9070 0.9065 Euro 1.7396 1.7411 1.3866 1.3868 NZ dollar 1.0748 1.0765 0.8567 0.8574 Sterling pound 2.1134 2.1150 1.6845 1.6846
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 25 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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    • Article
      Lock icon LIFFE
      94 25 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$/tonne) Close Prev High Low May 14 2136 2152 2154 2120 Jul14 2150 2166 2169 2134 Sep
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1185 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 .............17.2 -38.8 20 0.3 1 -18 1.44 51 Asia-Pacific Strategic W*****6 Exer Acma Ltd W*****7 Prem Albedo Limited W*****9 Asiatic Grp(Hldgs) Ltd W*****5 2.2 0.0 2 17 Asiatravel.com
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Apr 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.42 -0.68 WTI (Near Mth) 100.59 -1.62 Dubai (1-Mth F) 106.14 0.45 Tapis blend 112.92 0.78 Minas 111.62 0.78 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.67 -0.11 Jet Kerosene 122.25 0.68 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      23 25 Apr 28 Apr s$ Bid Offer 1-month 1.2546 1.2555 2-months 1.2546 1.2555 3-months 1.2545 1.2555 6-months 1.2544 1.2553 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 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 *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Apr 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.192 1.136 Can dollar 1.158 1.114 Euro 1.775 1.691 Sterling pound 2.145 2.063 NZ dollar 1.102 1.060 US dollar 1.281 1.220 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 25 Apr 28 $S Offer Bid 0vernight 0.05 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.12 US$ 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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  • PROPERTY
    • Article, Illustration
      Lock icon UK home prices continue climb in April
      321 26 Bloomberg [LONDON] UK house prices increased this month for a 15th month as the momentum in the property market spread beyond London, said. Values in England and Wales rose 0.6 per cent, the same pace as in March, the London-based property researcher said
      Bloomberg; PHOTO: BLOOMBERG  -  321 words
    • Article
      Lock icon Sydney converting disused toilets into cafes
      883 26 These facilities are often in prime locations and have unique history Bloomberg [SYDNEY] The Gardener’s Lodge Cafe in Sydney’s Victoria Park has polished wood floors, Aboriginal art on the walls and customers tucking into kangaroo-stout pies and sipping on macchiatos. All this betrays none
      Bloomberg  -  883 words
    • Article
      Lock icon Emaar may cancel London IPO to focus on Dubai
      239 27 Bloomberg [DUBAI] Emaar Properties, developer of the world’s tallest tower, is considering scrapping the listing of its mall and retail unit in London to focus on Dubai, according to two people with knowledge of the matter. The company is weighing an
      Bloomberg  -  239 words
    • Article, Illustration
      Lock icon IMF: Adjustments of HK property prices necessary
      367 27 It also says govt can consider easing some cooling measures when prices fall more significantly AFP [HONG KONG] The International Monetary Fund (IMF) said yesterday Hong Kong property prices were set to see adjustments following years of boom. The city’s housing market has
      AFP; THE STRAITS TIMES FILE PHOTO  -  367 words
    • Article
      Lock icon Homesnap app gives house buyers instant information
      327 27 WP [WASHINGTON] When Guy Wolcott got the Shazam app on his iPhone, which identifies music and TV shows that are being played around you, it inspired him to develop a similar service for people seeking to buy houses. Mr Wolcott and Steve Barnes
      WP  -  327 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      376 26 STPROPERTY FORUM REAL ESTATE OPPORTUNITIES RISE UP 0 HE CHALLENGES IN THE SINGAPORE PROPERTY MARKET ‘-Ms III m ri i" LI in; pi IF n PI w PI IT HI PI Tl i IE i.-: wiiiiin ■Minn ;uinm M'lh,. X Real Estate Professionals, earn 2 Non-Core CPD Credit Hours* when
      376 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      190 27 Tropical Resort Villas For Sale Own an exclusive golf resort villa at exceptional value (1 unit available only) Double storey Buganvil villa at Bintan Lagoon Resort Next to two world-class 18-hole tournament golf courses Golf membership inclusive Ideal for corporates providing staff client recreation Exclusive beach villa with unobstructed sea
      190 words
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      Lock icon Page 27 Advertisements Column 2
      318 27 Prestige Homes Presents Premium Condominium, Draycott Eight Floor Area: 2,906 sf Bedrooms; 4 bedrooms Condo facilities: A conserved 2-storey colonial house as a modern and exclusive clubhouse with concierge services. Lap pool and tennis court. Amenities: Walking distance to Orchard Road and Orchard MRT Reputable Primary Schools nearby 5; "mil
      318 words
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      Lock icon Page 27 Advertisements Column 3
      360 27 Jervois Gardens I Orchard Wv Ag SUBJECTi SITE Great World City ALEXANDRA RD Freehold residential site, 3162.3 sq m PR 1.4, or possible for strata landed housings Nestled in GCB area, quiet exclusive Regular shaped plot with flat contour ground Good connectivity to other parts of island, mins drive to
      360 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      304 28 J A r 1 r 1 J J r r SAMSUNG NEW 12:45 Tue, 7 January J: Ml Swipe screen lo unlock I I ID 3 Subscribe* now to The Straits Times All-in-One PLUS package for 36 months and receive the new Samsung GALAXY Tab PRO (8.4" Display) LTE only
      304 words