The Business Times, 3 April 2014

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Microfilm: NL33108
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, April 3, 2014
    25 words
  • Article, Illustration
    Lock icon CAD probes trades in penny stock rout
    787 1  -  It has asked for access to all data and equipment belonging to senior execs By ANITA GABRIEL KENNETH LIM anitag@sph.com.sg kenlim@sph.com.sg [SINGAPORE] Singapore’s white-collar crime-buster, the Commercial Affairs Department, launched what is possibly the widest-scale investigation involving three listed firms yesterday in connection
    BT Graphics; Compiled by BT based on SGX announcements and annual reports  -  787 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,192.78 (-5.74) HST INDEX FUTURES 3,166.00 (-6.00) GSIMSCI 360.44 (+0.43) GSIMSCI FUTURES 357.50 (+0.50) US$ S$ US$ (S$ per US$) 1.260 (US$/S$ per 1.665 2.098 EURO (US$/S$/€ 1.380 1.739 Foreign currency per US$ S$ YEN 103.80 82.40 RM 3.272 2.596 HK$ 7.758 6.156 BAHT 32.40 25.71 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,852.00 +4.24 NIKKEI 225 14,946.32 +154.33 HANG SENG 22,523.94 +75.40 SET INDEX 1,396.62 +9.14 JAKARTA COMP 4,870.21 -3.73 MANILA COMP 6,587.72 +73.00 SEOUL COMP 1,997.25 +5.27 SHENZHEN B 834.03 +7.79 MUMBAI IND 22,551.49 +105.05 12noon EDT Change DOW 16,555.21 +22.60 NASDAQ 4,274.99 +6.95
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA JAPAN TAIWAN KOREA JAPAN 1.475 KOREA 9.33 SWITZERLAND 0.50 INDIA 3.25 Source: Bloomberg
      23 words
  • Article, Illustration
    Lock icon Widodo’s track record supports market hopes
    823 1  -  PDI-P win may spell gains for banking and construction By in JEFFREY HUTTON in Jakarta AS the campaigning in the run-up to Indonesia’s parliamentary elections enters its final week, attention is turning to the likely market impact of a big win by the opposition
    PHOTO: AFP  -  823 words
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      108 1 COMMENTARY Taking S’pore’s banking sector to the next level PAGE 26 PROPERTY Spring Grove gets owners’ OK to go en bloc PAGE 36 COMPANIES Noble to sell 51% of agribusiness to Cofco PAGE 6 HOCK LOCK SIEW SGX should play gatekeeper for placements PAGE 9 *****1 11 *****4 -5 www.vacherdrtre6nstantin.cbra
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      441 2 CAD probes trading irregularities in 3 firms THE CAD has started investigating possible breaches of the Securities and Futures Act arising from suspected trading irregularities in the shares of Asiasons Capital, LionGold Corp and Blumont Group. FRONT PAGE Widodo’s track record raises market’s hopes AS the campaigning in
      441 words
    • Article, Illustration
      Lock icon Wee Cho Yaw paid $1m in fees, down 67%
      539 2  -  By SIOW LI SEN By lisen@sph.com.sg [SINGAPORE] Wee Cho Yaw, chairman emeritus of United Overseas Bank, was paid $1 million in fees for 2013, around 67 per cent less than the $2.75 million to $3 million he received the previous year.
      539 words
    • Article
      Lock icon Correction
      40 2 IN “Swissco finalises terms of RTO of Scott English” (BT, April 2), we wrongly described the transaction as a reverse takeover. It should be a very substantial acquisition, as per SGX listing rules. We are sorry for the error.
      40 words
    • Article, Illustration
      Lock icon Singapore’s electronics PMI up at 51.6 in March
      696 2  -  But overall PMI fell short of economists forecasts, dipping 0.1 to 50.8 last mth By KELLY TAY By kellytay@sph.com.sg [SINGAPORE] Singapore’s electronics Purchasing Managers’ Index (PMI) rose 0.4 to a reading of 51.6 last month exactly in line with economists’ expectations fanning
      Source: Singapore Institute of Purchasing & Materials Management  -  696 words
    • Article, Illustration
      Lock icon Local venture foodpanda’s going places
      694 2  -  It is the fastest expanding startup of Rocket Internet By JACQUELYN CHEOK jaccheok@sph.com.sg [SINGAPORE] Local food delivery venture foodpanda has emerged as the fastest expanding startup of Rocket Internet, a German incubator best known for replicating tried-and-true ventures in the US and rapidly taking them
      PHOTO: YEN MENG JIIN  -  694 words
    • Article
      Lock icon SingPost fined $30,000 for Woodlands mail theft
      279 2  -  By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] SingPost has incurred its largest fine in history $30,000 for an estimated 400-500 pieces of mail that were stolen in September last year. The Infocomm Development Authority of Singapore (IDA) levied the fine on SingPost yesterday, finding the
      279 words
    • Article, Illustration
      Lock icon S’pore wholesale electricity prices fall in 2013
      647 3  -  22.1% drop after 3 years of increase is also the biggest y-o-y decline ever By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] The Republic’s wholesale electricity prices retreated after three straight years of increase, falling 22.1 per cent last year the biggest year-on-year decline ever while
      647 words
    • Article
      Lock icon China ploughs on with land reform
      834 3  -  By in VIRGINIE MANGIN in Beijing LU Jiaqing, a sturdy farmer of 51, is all smiles when talking about how his life has changed since he was allowed to lease his land. He said: “I now earn 10 times more than when I was
      834 words
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      333 3 New release of choice units! Studio, 1- and 2-bedroom from $1.1mil! 3-bedroom from $1,812psf! ON SHENTON www,v-on-shenton .com .sg iff* I mM 0 Ml i P|M| > 1 "'I «»ii ip'« iHiiiwmiHlllltll' as w liMa. t?i r* r ‘2 r jwy a ;V m Living Room nna cial *v 7
      333 words
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      1236 4 Advertorial Brought To You By GuocoLand Guoco Tower at Tanjong Pagar Centre is set to transform the business landscape in the CBD of Singapore. Guoco Tower is designed to meet the exacting needs of modern businesses, built with environmental sustainability in mind. y :im n"l n«P 1,111 tiTIH H «MP!
      1,236 words
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      272 5 TANJONG PAGAR CENTRE INTEGRATED VERTICAL CITY HOTEL RESIDENCE RETAIL URBAN PARK GUOCO TOWER AT TANJONG PAGAR CENTRE Guoco Tower, a premium Grade A office building, is the business core of Singapore’s tallest and most comprehensive integrated development comprising offices, hotel, F&B and retail, residences and an urban park. Designed by
      272 words
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  • COMPANY NEWS
    • Article
      Lock icon Noble to sell 51% of agribusiness to Cofco
      742 6  -  Move valuing unit at US$3.22b will result in an agribusiness joint venture By ANGELA TAN angelat@sph.com.sg AFTER months of intense market speculation and a spin-off listing that did not materialise, Noble Group has finally agreed to sell a majority stake in its
      742 words
    • Article, Illustration
      Lock icon OCBC-Wing Hang deal draws mixed reactions
      657 6  -  S&P affirms bank’s rating, Moody’s sees possible downgrade By SIOW LI SEN lisen@sph.com.sg OCBC Bank’s HK$38.4 billion (S$6.23 billion) purchase of Wing Hang Bank seems to have drawn mixed reviews from rating agencies and analysts, citing dilution to shareholders. Analysts are expecting a rights
      PHOTO: BLOOMBERG  -  657 words
    • Article
      Lock icon Tighten SGX’s gatekeeper role in placements
      933 9  -  HOCK LOCK SIEW By R SIVANITHY UNDER section 806 of the Singapore Exchange’s Listing Manual, shareholders can grant a general mandate to their managements to raise capital via shares or convertibles provided the number of shares eventually handed out does not exceed 50 per
      933 words
    • Article
      Lock icon Ascott makes HK$545m acquisition
      438 9  -  Serviced residence will be rebranded as Citadines Mercer HK By VIVIEN SHIAO vshiao@sph.com.sg CAPITALAND’s wholly owned serviced residence business unit, The Ascott Limited, has acquired an operating serviced residence in Hong Kong for HK$545 million (S$88.8 million). The 55-unit property will be rebranded as Citadines Mercer
      438 words
    • COMPANY BRIEFS
      • Article
        Lock icon GLP expands tie-up with Sinopharm
        58 9 GLOBAL Logistic Properties (GLP) has signed two lease agreements, for space totalling 13,000 square metres, with China National Pharmaceutical Group (Sinopharm) in an expansion of their partnership. The leases, for 7,000 sq m in Shanghai and 6,000 sq m in Suzhou, are part of Sinopharm’s
        58 words
      • Article
        Lock icon Purchase options for Sim Lian management
        81 9 A JOINT venture of developer Sim Lian Group has granted the group’s management and their relatives purchase options in Vision Exchange, its integrated development at Jurong. The buyers deputy chairman Kuik Thiam Huat and his wife, as well as his son; Group CEO Kuik
        81 words
      • Article
        Lock icon Biosensors extends Terumo licensing deals
        51 9 BIOSENSORS International has extended its existing licensing agreements and expanded its sales collaboration in Japan with Terumo, its Japanese licensee. The latter will use BioMatrix technology in producing, marketing and selling the Nobori drug-eluting stent in countries outside Japan, except the United States, until December
        51 words
    • Article
      Lock icon Emerging market stocks up again
      544 10 MSCI index rises for 9th day on US factory data, China stimulus rumours Bloomberg [SHANGHAI] Emerging market stocks rose for a ninth day, erasing this year’s decline in the benchmark index, as exporters rallied on stronger US manufacturing and investors speculated that China will take
      Bloomberg  -  544 words
    • Article
      Lock icon Pteris auditor flags going-concern issues amid bid to oust directors
      447 10  -  Net loss of $29.7m exceeds net current assets of $6.63m By ANDREA SOH sandrea@sph.com.sg THE auditor for airport logistics services company Pteris Global has flagged “significant doubt” over the firm’s ability to continue as a going concern. This comes as
      447 words
    • Article
      Lock icon Yangzijiang bags 18 new shipbuilding orders
      239 10  -  By MALMINDERJIT SINGH msingh@sph.com.sg CHINESE yard Yangzijiang Shipbuilding has secured 18 new orders to take its newbuild contracts for this year past the US$1 billion mark. The orders for the 18 new vessels secured in March are worth a total of US$815 million and
      239 words
    • Article, Illustration
      Lock icon Ex-Petronas head to helm SembMarine
      363 10  -  By MALMINDERJIT SINGH msingh@sph.com.sg THE man who led the transformation of Malaysian natural gas exporter Petronas into a global oil-and-gas company will soon helm Singapore’s offshore-and-marine engineering giant Sembcorp Marine. Mohd Hassan Marican, who is now deputy chairman of Sembcorp Marine, succeeds Goh Geok Ling
      363 words
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      1627 6 CHANGTIAN PLASTIC CHEMICAL LIMITED (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Changtian Plastic Chemical Limited (the “Company”) will be held at Enterprise Room, Raffles City Convention Centre, No. 2 Stamford Road, Singapore *****2 on Friday, 25 April 2014 at
      1,627 words
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      Lock icon Page 6 Advertisements Column 2
      234 6 AN ASME-LIANHE ZAOBAO AWARD Singapore Prestige Brand Award 14 It’s All About Taking Your Brand TO GREATER HEIGHTS 15 April 2014 (Tuesday), 9.30am 4.00pm SPH Auditorium Level 1 News Centre 1000 Toa Payoh North SEMINAR FEE $88 per pax I $68 per pax (Public) I (ASME Members Award Alumni) Prices
      234 words
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      35 7 QUEEN’S PARK BAKERLOO LINE ZONE 2 1 MIN PADDINGTON HEATHROW EXPRESS 7 MINS OXFORD CIRCUS BOND STREET 14 MINS EUSTON St PANCRAS EUROSTAR 14 MINS HEATHROW TERMINALS 1 3 22 MINS CEA Licence No. L*****88B
      35 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Jardine shares check STI’s rally
      667 8  -  Index fails in bid to post 7th gain in 8 sessions despite S&P 500 hitting all-time high on Tuesday STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index (STI) yesterday made a spirited attempt at ending in positive territory for the seventh time in
      Source: Bloomberg  -  667 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Apr 2 VALUE CLOSE BT OB/OS 248.00 +65.00 BT CADI -*****.00 -21.00 BT 10-day MA -*****.00 +25.00 FTSE ST Mid Cap 727.27 +2.87 FTSE ST Small Cap 543.31 -0.14 FTSE ST All Share 774.27 -0.57 FTSE ST China Top 198.47 +1.05 FTSE ST China 223.86 -0.05 FTSE
      77 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Noble Grp 116,244,000 HanKore 107,223,000 Charisma Energy 102,181,000 AdvanceSCT 96,400,000 Rowsley W*****3 69,766,000 Blumont 61,060,000 Transcu Grp 49,687,000 ICP 48,600,000 TT Intl 47,048,000 Rowsley 41,239,000 VALUE($) Noble Grp 144,579,750 Spore Land 132,618,130 DBS Grp 77,854,080 UOB 62,852,460 SingTel 50,679,056 OCBC Bk 45,580,822 CapitaLand 44,858,070 GLP 40,636,740
      56 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 5 0 0 0 5 5 5 Manufacturing 38 51 40 4 12 13 42 63 53 Commerce 23 20 21 0 6 4 23 26 25 Tpt/Stor/Comms 12 16 9
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      816 8  -  Compiled by TEH SHI NING Yangzijiang April 2 close: S$1.105 DMG Partners Research, April 2 YANGZIJIANG announced yesterday morning that it has won new contracts for 18 vessels worth US$815 million surprisingly large orders given the current US$2 billion estimate for FY2014. The company has also delivered its
      Source: Bloomberg  -  816 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,833 22,833 59,653 59,653 Manufacturing 250,060 131,565 381,625 161,297 3,769 165,067 Commerce 297,983 75,081 373,064 251,068 5,865 256,933 Tpt/Stor/Comms 53,699 27,296 80,995 106,673 3,800 110,472 Finance 24,010 207 24,217 198,187 67 198,253 Construction 34,535 111,691
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change CapMallsAsia 1.760 -0.030 CapitaLand 2.940 +0.030 CapitaMall 1.920 +0.025 CityDev 10.02 -0.170 ComfortDelGro 2.020 +0.025 DBS Grp 16.41 +0.040 GLP 2.590 -0.030 Genting SP 1.310 -0.005 Golden Agri 0.585 +0.005 HK Land 6.380 -0.060 HPH Trust US$ 0.650 +0.005 JMH 63.10 -0.910
      114 words
    • Article, Illustration
      Lock icon Dollar hits 2-month high against yen
      455 8 CURRENCIES Bloomberg [NEW YORK] The US dollar touched a two-month high against the yen yesterday as a private report showed companies in the US boosted payrolls by the most this year in March, backing the case for the Federal Reserve to raise interest rates.
      Bloomberg; PHOTO: REUTERS  -  455 words
    • Article
      Lock icon RISES
      113 8 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 170.1 1.1 SPDRS S&P 500 10US$ ***** 168.8 0.7 DBXT Nifty 10US$ ***** 162.5 1.1 Lyxor AsiaIT 10US$ 3587 46.6 1.0 DBXT MSKorea 10US$ 6251 45.4 0.6 DBXT MSUSA 10US$ 4715 42.8 0.7 DBXT iBoxxKR 5US$ ***** 41.6 0.2 Lyxor Indonesia10US$
      113 words
    • Article
      Lock icon FALLS
      121 8 BY CENTS CLOSE DOWN DBXT AUDCS 5US$ ***** -124.7 -0.5 JSH 3545 -118.4 -2.6 JMH 6310 -114.6 -1.4 DBXT iBoxxUSTr 5US$ ***** -94.5 -0.4 DBXT AUD Bonds 5AU$ ***** -93.1 -0.4 DBXT USDIGInfl 5US$ ***** -69.3 -0.2 DBXT iBoxxSvEu 5US$ ***** -56.7 -0.2 DBXT FTVietnam 10US$ 2809 -41.6 -1.2
      121 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      443 9 50% DISCOUNT ON BUSINESS ELITE COMPANION FARES Enjoy the comfort of flying on our 180-degree full flat-bed seats with direct aisle access on BusinessElite®. Purchase a BusinessEMte ticket and enjoy 50% off on the second ticket for your companion on Delta flights to select U.S. destinations below by April 30.
      443 words
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      135 10 mm i 9 I M WV.W FM bsv'mIM IOSS92 ira •t y < one p/ace I «$oM A// thegr^otsongsm it Cl M V .7 i V w v 5592 BUCKET LIST S 1 [2 6*0 oh (K US as r 0 6 a luaratloi'v 1 >7 i ,.b" 0 1
      135 words
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      3827 11 sembcorp marine Sembcorp Marine Ltd Company Registration No. *****0098Z (Incorporated in the Republic of Singapore) J sembcorp r= r marine Sembcorp Marine Ltd Company Registration No. *****0098Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 51 Fr Annual General Meeting of
      3,827 words
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  • SINGAPORE NEWS
    • Article
      Lock icon DBS Bank donates record $25m to National Gallery
      394 12  -  One of the halls covering 1,740 sq m in former City Hall will be named DBS Singapore Gallery By LISABELLE TAN lisatan@sph.com.sg DBS Bank yesterday gave the National Gallery Singapore $25 million, earning naming rights for one of the latter’s art galleries.
      394 words
    • Article, Illustration
      Lock icon Dover Park Hospice spreads awareness
      188 12 DOVER Park Hospice held an open house yesterday, one of its outreach activities to promote awareness about hospices and palliative care. The event’s guest of honour, Minister for Transport Lui Tuck Yew, praised the hospice’s staff and volunteers for their work in caring for the
      188 words
    • Article
      Lock icon OCBC Cycle rider dies of head injuries
      188 12 NATIONAL serviceman Chia Wee Kiak, 24, has died following the incident he was involved in during Sunday’s OCBC Cycle Singapore event. He was participating in a 59km Super Challenge when he suffered serious head injuries in an accident at the Benjamin Sheares Bridge,
      188 words
    • Article
      Lock icon Microfluidics industry gets a boost from SIMTech agreements
      305 12  -  SIMTech partners companies to accelerate growth of industry By KARA QUEK karaquek@sph.com.sg THE Singapore Institute of Manufaturing Techonology (SIMTech) has inked collaboration agreements with companies to speed up the growth and development of the microfluidics industry. SIMTech is a research institute of
      305 words
    • Article
      Lock icon LSE to set up academic centre with Saw Swee Hock’s donation
      295 12  -  Named after the philanthropist, the centre on S-E Asian studies will be at the London campus By GOH KANG SHIONG gohkangs@sph.com.sg THE London School of Economics and Political Science (LSE) has received a significant donation from one of its
      295 words
    • Article
      Lock icon Top attribute professionals in Asia want in their leader: ‘visionary’
      474 12  -  In Power Distance Index, M’sia fares the worst globally By in PAULINE NG in Kuala Lumpur THE top two attributes Asian professionals seek in their leaders are a vision they can believe in and a relationship based on mutual trust,
      474 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon NTUC device makes logging in easier
        89 12 THE National Trade Union Congress (NTUC) is rolling out the ONEKey Two-Factor Authentication (2FA) device to its resident members starting this month. The device removes the need to create and remember passwords by creating a one-time password that a user can input when logging
        89 words
      • Article
        Lock icon New PS for Defence Development
        69 12 MAJOR-GENERAL (NS) Ng Chee Khern, director of Security and Intelligence division at the Ministry of Defence, will be the Permanent Secretary (Defence Development) from May. MG (NS) Ng, a former Air Force chief, will oversee policies and issues related to manpower, finance, information technology, and
        69 words
      • Article
        Lock icon Singapore centre in WHO network
        98 12 THE National University of Singapore Centre for Biomedical Ethics (CBmE) at the Yong Loo Lin School of Medicine has been appointed by the World Health Organisation (WHO) as Asia’s first collaborating centre for bioethics under its Global Network of WHO Collaborating Centres for Bioethics. The
        98 words
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      91 12 V onverged Solutions «RS-,o looth No. j* 2014 2« 14 "iSwe. Please email to michaelkoh@convsoln.com Setting up a call centre??? All-Touch Cloud Call Centre Seeking Regional Partners A No need to buy, basis. From $985 month f Answer Calls from office, home or anywhere ith Internet f f International Toll-Free
      91 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sia anti-graft minister urges transparency
      676 13 More clarity needed in political financing, govt-procurement WP [SINGAPORE] Malaysia’s anti-corruption minister says that his nation needs greater clarity in political financing and govern-ment-procurement practices, while defending the handling of its missing airliner as transparent. “The apex of any fight against corruption has to do
      WP  -  676 words
    • Article
      Lock icon Toll firms’ takeover ‘to cost govt over RM400b’
      256 13 [KUALA LUMPUR] The government will have to fork out more than RM400 billion (S$154 billion) to take over all the toll concessionaires in the country, Malaysia’s Works Minister Fadillah Yusof told Parliament yesterday. Replying to MP Mohamed Hanipa Maidin, Mr Fadillah said
      256 words
    • Article
      Lock icon Full steam ahead for Indonesia’s Islamic banking sector in 2013
      398 13 Banking assets surge 24% to 242.3t rupiah; rural banking on the rise Reuters [JAKARTA] Indonesia’s Islamic banks maintained double-digit asset growth last year while rural and non-bank segments made further gains, broadening the industry’s consumer base in South-east Asia’s largest
      Reuters  -  398 words
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      563 13 INVEST 6 MINUTES FROM CANARY WHARF An exclusive gated development of luxurious apartments THE FORGE WESTFERRY ROAD LONDON E14 I t- u I r, citi. ssassa! "J: S.-X S-' 5-> Hi. SS-- Ti.-S,S| i iMiariiK .T** •■»—-w. r-~ it ..j.’T* < HIMIHHMI S23. K2--. S=5S3 mup, r rn f —*»■•<««
      563 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China dotcoms plan over US$2.5b US listings in ’14
      873 14 After huge gains in 2013, investors are taking risks despite valuation concerns Bloomberg [NEW YORK] Sky-high valuations mixed with murky corporate structures often scare off investors. That’s less so if the companies are from China. From microblogging site Weibo Corp to
      Bloomberg; PHOTO: BLOOMBERG  -  873 words
    • Article
      Lock icon HK gains from China credit woes as loans surge in Q1
      510 14 Bloomb erg [HONG KONG] Hong Kong’s syndicated loan market enjoyed a record first quarter as Chinese companies shunned local financing in favour of cheaper offshore funds. Lending in the city surged 41 per cent to US$20.8 billion in the
      Bloomberg  -  510 words
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      554 14 The Power Of Building Relationships Who should attend: Social media specialist, Digital marketers, Students, Professionals, Managers, Executives, Business Owners, Supervisors, Team Leaders, General Managers and Educators 2014 APR SERIES Productivity and Credit (Piq Claimable FULL-DAY WORKSHOPS Insights On Organisational Human Behaviour This workshop will give you the tools and knowledge
      554 words
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  • WORLD
    • Article, Illustration
      Lock icon BHP studying A$20b spin-off
      826 15 Company to increase focus on four pillars iron ore, copper, coal and petroleum AFP Reuters [SYDNEY] Global mining giant BHP Billiton is considering spinning off its aluminium, bauxite and nickel assets into a single entity that would be worth about A$20 billion (S$23.3 billion), reports said
      AFP; Reuters; PHOTO: BLOOMBERG  -  826 words
    • Article
      Lock icon Philip Morris to shut Melbourne plant after 60 yrs
      466 15 Bloomberg [SYDNEY] Philip Morris International Inc will close its Australian cigarette plant after six decades and shift production to South Korea, saying government regulations on low fire-risk cigarettes crimped exports. The closing of the Moorabbin plant in southeast Melbourne will lead
      Bloomberg  -  466 words
    • Article, Illustration
      Lock icon Marks & Spencer charts fresh overseas course
      607 16 Marks Spencer charts fresh overseas course It’ll open 250 more stores as part of its CEO’s £2.3b 3-year turnaround plan Re uters [PARIS] Britain’s biggest clothing retailer Marks Spencer plc, hit at home by dwindling sales, plans to expand its international stores by more than a half as part of
      Reuters; FILE PHOTOS  -  607 words
    • Article
      Lock icon Japan firms see inflation of 1.5% in a year’s time, 1.7% in 3 years
      591 16 Bloomberg [TOKYO] Japanese Prime Minister Shinzo Abe’s bid to rid the economy of 15 years of deflation has got a boost, as companies forecast sustained price gains. The inflation rate will be 1.5 per cent in
      Bloomberg  -  591 words
    • Article
      Lock icon Less affected part of Fukushima reopens
      272 16 Not clear how many will return because of radiation fears NYT [TOKYO] Japan reopened a small part of the 20-kilome-tre evacuation zone around the destroyed Fukushima Daiichi nuclear plant on Tuesday, allowing residents to return to live in their homes for the first time
      NYT  -  272 words
    • Article
      Lock icon Japan yakuza launches website to boost appeal
      507 16 Aim is to turn around image, falling membership AFP [TOKYO] Japan’s biggest organised crime syndicate has launched its own website, complete with corporate song and a strong an-ti-drugs message, as the yakuza looks to turn around its outdated image and falling membership. The
      AFP  -  507 words
    • Article
      Lock icon German Cabinet adopts minimum wage law
      219 18 AFP [BERLIN] The German Cabinet yesterday adopted draft legislation establishing a fixed national minimum wage of 8.50 euros (S$14.80) to be phased in from 2015 and fully in place from 2017. “It’s done,” a government source said following a Cabinet meeting. A fixed minimum
      AFP  -  219 words
    • Article
      Lock icon UK manufacturing slows as exports fall
      514 18 PMI slipped to 55.3 in March, lowest since July, from 56.2 in Feb: Markit WP [LONDON] British manufacturing grew less than economists forecast in March as export demand fell to its weakest level in 10 months. A Purchasing Managers’ Index declined to 55.3, the
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      Lock icon Apple, Samsung back in US court over patents
      972 18 NYT [SAN JOSE, California] As lawyers for Apple and Samsung made their opening statements in their patent trial in a federal courthouse here, they could not even agree on what the fight was about. Apple said that it was seeking money to
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    • Article
      Lock icon Factory orders up 1.6% in Feb, biggest rise in seven months
      466 20 Transportation, primary metals and computers among those that did well LATEST US DATA Reuters AFP [WASHINGTON] New orders for US factory goods rebounded more than expected in February, with shipments posting their biggest gain in seven months in a
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    • BRIEFING
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        Lock icon BOE may cut bank supervision fee by 4%
        119 20 Reuters [LONDON] The Bank of England’s regulatory arm ended its first year with a surplus and has proposed a 4 per cent cut in the levy it charges lenders for supervision in the coming financial year. The central bank’s Prudential Regulation Authority
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        Lock icon Russia GDP growth seen at under 1%
        101 20 Reuters [MOSCOW] Russia’s central bank said yesterday that economic growth would “most probably” fall below one per cent in 2014 and it was also concerned about above-target inflation that constrains its ability to cut interest rates. Despite the economic slowdown, central bank governor
        Reuters  -  101 words
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        Lock icon Yingluck faces power abuse charges
        73 20 Bloomberg [BANGKOK] Thailand’s Constitutional Court agreed to hear a case accusing Prime Minister Yingluck Shinawatra of violating the charter by transferring a security official, providing another potential avenue for her ouster. Nine judges voted unanimously to accept the petition filed by a group of senators
        Bloomberg  -  73 words
      • Article
        Lock icon US$2.5t needed for S Asia infrastructure
        112 20 Reuters [NEW DELHI] South Asia needs up to US$2.5 trillion of investment in infrastructure by 2020 if the region is to make further gains in battling poverty and provide for its growing population, the World Bank said yesterday. Despite boasting similar economic growth rates
        Reuters  -  112 words
    • Article
      Lock icon Goldman Sachs, 10 cable firms fined for cartel
      523 20 Power cable cartel ran for almost 10 years from 1999 Reuters AFP [BRUSSELS] Investment bank Goldman Sachs, the world’s top cablemaker Prysmian, Nexans and eight cable firms were fined a total of 302 million euros (S$524.7 million) by EU antitrust regulators yesterday
      Reuters; AFP  -  523 words
    • Article
      Lock icon Investors snapping up new US platinum coins
      540 22 Brisk sales reflect pentup demand, worries about future supplies Reuters [NEW YORK] US retail investors have raced to scoop up the government’s newly launched platinum coins, data shows, as industrial metals prices outperformed bullion, a long-time favourite among collectors. In the first three
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      219 15 Forbes J T r FORBES GLOBAL CEO CONFERENCE THE NEXT HORIZON October 28 30,2014 Singapore Speakers from past years 7 Forbes Global CEO Conferences 0^ W y Us> 3 ZT 0* v iTA Carlos Slim Helu LiKa-shing S. Robson Walton Chairman of Fundadon Chairman, Cheung Kong Chairman of the Board,
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      6488 17 KOON HOLDINGS LIMITED (Company Registration No *****3284M) (ARBN 105 734 709) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of the Company will be held at 48 Boon Lay Way, Singapore *****1, The Chevrons, Sunflower Room on Level 1, on April 29, 2014
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      1906 18 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices WHEELOCK PROPERTIES WHEELOCK PROPERTIES (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****1797H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 41 st Annual General Meeting of the Company will be held at Ballroom 1, Level 3, Hilton
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      13046 19 Not for release, publication or distribution, in whole or in part, in or into any jurisdiction where to do so would constitute a violation of the relevant laws of that jurisdiction. Hong Kong Exchanges and Clearing Limited, the SEHK and the SGX-ST take no responsibility for the contents of this
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      1111 20 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices @1 Matex Matex International Limited MATEX INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore under the Companies Act, Cap. 50) Company Registration No. *****4222M NOTICE OF TWENTY-FOURTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Fourth Annual General Meeting of the
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      413 20 In the Matter of The Companies Act, Cap. 50 And In The Matter of NEW COURT NOMINEES PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****1026K) At an Extraordinary General Meeting of the Company duly convened and held at 1 Raffles Quay, #10-02 North Tower Singapore *****3 on 27
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      22 20 AVAILABLE ON iPAD ANDROID WELCOME ABOARD Ask your local bookshop or get your copy by subscribing today Visit www.asia-pacificboating.com or email sub@bluincmedia.com
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      58 20 HOT PROPERTY R lorv rnns Imm2d /UniC,Ue °"'V$2.8K VAC AN Z A EAST /i hw Cheap! Full Facilities MRI i sS B 484 5 d f T ta C0S y h ub/ S t > COSY APARTMENT FOR RENT Check this and many other properties in The Straits Times Classified
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      28 21 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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      2133 21 NOTICE OF ANNUAL GENERAL MEETING KRISENERGY LTD. (Company Registration Number: *****6) (Incorporated in the Cayman Islands on 5 October 2009) The initial public offering of KrisEnergy Ltd. was sponsored by CLSA Singapore Pte Ltd and Merrill Lynch (Singapore) Pte. Ltd. (the “Joint Issue Managers, Global Coordinators, Bookrunners and Underwriters”). The
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      1793 22 AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices |]<[|*)>%-;.!')?)~/\{\/`;[:'(_] lie ELECTRIC GROUP ITE ELECTRIC CO LTD REGISTRATION NO. *****1457Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of the Company will be held at Republic of Singapore Yacht Club. Nautica III, Level 2.
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      1736 23 STATS ChipPAC Ltd. (Incorporated in the Republic of Singapore) (Company Registration Number *****7932D) Notice of Twentieth Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Twentieth Annual General Meeting (the “Annual General Meeting”) of STATS ChipPAC Ltd. (“STATS ChipPAC” or the “Company”) will be held at The Grassroots’ Club, 190
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      2843 23 HWA HONG CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0130C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixty-First Annual General Meeting of Hwa Hong Corporation Limited (the “Company”) will be held at Novotel Singapore Clarke Quay, Phoenix I, Level 6, 177A River
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  • AVIATION/SHIPPING
    • Article
      Lock icon Flat growth for Asia-Pac cargo traffic in Feb
      437 24  -  Regional freight load slips to 50.6 as capacity grows; global cargo firms BY, NISHA RAMCHANDANI nishar@sph.com.sg ASIA-PACIFIC carriers reported flat growth in cargo traffic for February, even as the global air freight market registered a 2.9 per cent year-on-year increase. The International
      437 words
    • Article, Illustration
      Lock icon KL, AirAsia stick to their guns as KLIA2 launch date nears
      543 24  -  By PAULINE NG in Kuala Lumpur EVEN if Malaysia’s new budget terminal KLIA2 meets its launch target of May 2, it appears it will be opening without its biggest client AirAsia, which is insisting on staying put at the
      PHOTO: AIRASIA  -  543 words
    • Article, Illustration
      Lock icon Malaysia top cop says MH370 mystery may never be solved
      485 24 AFP [KUALA LUMPUR] Malaysia’s top police official warned yesterday that authorities may never learn what caused the mysterious disappearance of flight MH370, as he indicated that a three-week-old criminal investigation has so far been inconclusive. “Give us more time,” Inspector
      AFP  -  485 words
    • Article
      Lock icon TRANSPORT STOCKS
      245 24 SGX '000 Apr 02 S$ +/-Vol Ch Offshore 0.42 unch 174 Chuan Hup Hldg 0.26 0.01 202 Cosco Corp 0.72 0.01 1870 Cwt Limited Vol First Ship Lea 0.12 unch 322 Grand Banks 0.22 0.01 45 Jaya Hold Ltd 0.78 unch 293 K1Ventures Chuan Hup Hldg Keppel Corp
      245 words
    • Article
      Lock icon Disaster relief efforts in greater focus
      507 24 US, Asean ministers seek to learn from MH370 tragedy AFP [HONOLULU] The spectre of missing Flight MH370 will loom over a meeting of US and Asean defence ministers as they discuss how to improve their response to natural disasters and emergencies. The agenda for
      AFP  -  507 words
  • Page 24 Advertisements
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      37 24 AMMA’S KITCHEN Tamil Nadu CM’s budget food outlets helping her win hearts and votes DR T. CHANDROO Banking on cord blood GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      Lock icon Page 24 Advertisements Column 2
      72 24 Your destination for innovative workscape solutions m r IAS I A 16 18 July 2014 Marina Bay Sands, Singapore Sands Expo and Convention Center Level 1, Hall A B Next-Generation Workscape Showcasing 9 v'*s VSVj^'A 9 A Training needs for the Workforce^ Next-Gen Office k Solutions a Enterprise Technology *Free
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  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      340 24 CRYPTIC CROSSWORD Across 5 Stick or twist: dare he? (6) 8 Appropriate indignation before father knocked back drink (8) 9 ‘Irresistible,’ as Othello declaimed (7) 10 Sense head of Hindu class is lost for time (5) 11 Autobiography’s lack of ego clever and noteworthy (9) 13 Respectful article following one
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      289 25 ■J i K H H J J r r SAMSUNG a ei Subscribe* now to The Straits Times All-in-One PLUS package for 36 months and receive a Samsung GALAXY Tab PRO (8.4" Display) LTE only $47.49 /month Available only to DBS and ROSE Credit Card holders Samsung GALAXY I PRO'
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  • EDITORIAL & OPINION
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      Lock icon Climate change: another sobering reminder
      476 26 EDITORIAL IN recent years, the world has been witness to an unusually large number of extreme weather events. The most deadly in our part of the world was Typhoon Haiyan, which devastated parts of the Philippines last year. In 2012, there was “Superstorm Sandy”, a
      476 words
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      Lock icon Benchmarks for gold in need of reforms
      754 26  -  REUTERS BREAKINGVIEWS THE BOTTOM LINE By DOMINIC ELLIOTT GOLD could be the next benchmark to lose its lustre. British and German probes into the market may not have yet found any evidence that the price of the precious metal is being manipulated, but
      754 words
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      Lock icon Taking S’pore’s banking sector to the next level
      1154 26  -  External support and building capabilities will help banks harness growth opportunities By KAREN LOON PAUL LAU The writers are banking leader and banking tax leader respectively at PwC Singapore DESPITE the challenges facing the industry, bank CEOs globally are surprisingly bullish. Based
      PHOTO: YEN MENG JIIN  -  1,154 words
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      Lock icon GOP set to lose White House again
      1104 27  -  Republicans are antagonising new immigrants and failing to recognise the contributions that immigrants have made LEON HADAR Washington Correspondent WANT to figure out whether the Republican Party has a better than 50-50 chance of regaining control of the White House in 2016? ell,
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      Lock icon India’s problem with coal output
      837 27  -  YOGI AGGARWAL THERE has been a crunch in the production of coal, India’s primary energy source. This has led to the unprecedented measure of the country importing coal although it has the third largest coal reserves in the world. It has also resulted in 40,000
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    • Article
      Lock icon Playing your cards right with mining controls
      637 27  -  By MARC RATHBONE The writer is managing partner of Gadens Singapore. INDONESIA recently implemented a ban on the export of unprocessed minerals and ore, and the media has reported the subsequent loss of more than 500,000 jobs in the industry. This is the
      637 words
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  • Article
    Lock icon Shipping Times
    1198 28 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
    1,198 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3161 29 Transaction date: Apr 2 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 13.6 10.4 8Telecom Vol Day Last Quote Div Gr Yld Net M Cap 181.6 102.4 AIMSAMPIReit 134.5 +0.5 631 135
      3,161 words
    • Article
      Lock icon SGX CATALIST
      338 30 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 35 22 t 3Cnergy 500 Vol Day 2 0.9 t Advanced System 1.1 unch 2234 1.2 1 1 1.1 21.4 Div Gr Yld Net
      338 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11813 30 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.5/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1 9084/ China Opportunities 1 2 7422/ EM Local Ccy Bond 0 9018/ European Opportunities 1 1 3467/ Global Emerging
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    • Article
      Lock icon GLOBALQUOTE
      262 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61.5 34.4 AVJennings A60 unch 7 60 60 55 60.5 3.6 5.8 4.9 222.1 52 35.5 Genting HK US$ US38.5 unch 3053 39.5 38.5 38.5 39 2535
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    • Article
      Lock icon SGX ETF
      1113 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.9 +0.6 14 113.9 113.9 113.5 114 519.9 143 119 CIMB APAC Div 100S$D 127.8 127 128.8 114.4 94 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      686 31 Apr 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.88 *****.61 *****.17 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****8 Sep14 *****.00 0 8576 MSCI TAIWAN INDEX FUTURES SPOT 315.21 316.01 314.11 Apr14 313.80 316.30 313.60 314.70 ***** *****2 May14 314.80 316.00 314.70 314.80
      686 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 31 In local curr In S$ In US$ dy yr dy yr dy yr Apr 1 Index Change Change Change Change Change Change World Preliminary 1196.4 0.5 1.0 0.5 0.9 0.4 1.2 EAFE Preliminary 952.4 0.5 -0.4 0.5 0.1 0.4 0.4 Europe Preliminary 1380.8 0.7 1.9
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 31 Apr 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.019 5.738 0.670 7.172 55.154 104.479 0.960 9.765 3.025 1.076 90.721 41.494 1.165 9.812 0.817 28.042 29.951 0.555 0.925 Canada 0.981 5.630
      471 words
    • Article
      Lock icon SIBOR
      31 31 Apr 2 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth ..0.***** Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 31 Apr 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****T 31-Oct-14 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.2 101.24 101.24 5-Year NX*****W 2.5 01-Jun-19 104.79 104.90 104.90 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon PRECIOUS METALS
      140 31 Apr 02 GOLD(US$/oz) Apr 02 Apr 01 Hong Kong 1289.00 1291.00 Apr 01 Mar 31 London 1280.54 1289.00 1281.76 1289.55 Source: Thomson Reuters CAST BAR Apr 02 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 49 5gm 312 257 10gm 581 517
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    • Article
      Lock icon PALM OIL
      57 31 Apr 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 14 2705.0 2713.0 2710.0 2699.0 77 1443 May 14 2679.0 2667.0 2693.0 2664.0 3641 ***** Jun 14 2660.0 2648.0 2671.0 2645.0 ***** ***** Jul 14 2645.0 2637.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 31 Apr 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1642 1.1658 0.9243 0.9248 Canadian dollar 1.1425 1.1439 0.9074 0.9070 Euro 1.7377 1.7395 1.3796 1.3799 NZ dollar 1.0824 1.0835 0.8593 0.8595 Sterling pound 2.0967 2.0988 1.6646 1.6649
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 31 As at 9am Apr 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.191 1.135 Can dollar 1.162 1.118 Euro 1.778 1.694 Sterling pound 2.134 2.052 NZ dollar 1.109 1.067 US dollar 1.285 1.224 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 31 Apr 2 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.10 US$ 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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    • Article
      Lock icon CHICAGO BOT
      109 31 Apr 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1484.50 1464.00 1491.50 1460.50 Jul 14 1457.25 1429.50 1461.25 1427.00 Aug 14 1380.25 1361.00 1382.25 1359.00 Sep 14 1265.50 1248.00 1268.00 1243.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14
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    • Article
      Lock icon LIFFE
      95 31 Apr 1 COCOA (£/tonne) Close Prev High Low May 14 1856 1867 1872 1853 Jul 14 1857 1864 1870 1852 Sep 14 1856 1864 1869 1853 Dec 14 1843 1848 1856 1839 COFFEE(US$/tonne) Close Prev High Low May 14 2024 2094 2094 2019 Jul 14 2021 2084 2079 2018
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1051 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 40 ce 2.5 10 0.0 5 -89 51 Asia-Pacific Strategic W*****6 1 ce 1 123 170 46.00 1 Acma Ltd W*****7 Exer Albedo Limited W*****9 Prem Asiatic Grp(Hldgs)
      1,051 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 31 CRUDE OIL PRODUCTS Apr 01 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.70 -0.31 WTI (Near Mth) 99.48 -1.97 Dubai (1-Mth F) 103.88 -0.60 Tapis blend 110.66 -0.31 Minas 106.96 -0.31 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.94 -0.28 Jet Kerosene 120.11 0.19 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 31 Apr 2 S$ Bid Offer 1-month 1.2596 1.2606 2-months 1.2595 1.2606 3-months 1.2595 1.2605 6-months 1.2593 1.2603 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 31 Apr-01 Apr-01 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1754.75 1744.25 3 months 1795.50 1785.00 Copper, Grade A(US$/tonne) Cash 6665.00 6650.00 3 months 6660.00 6645.00 Lead(US$/tonne) Cash 2020.50 2041.00 3 months 2047.00 2068.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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  • PROPERTY
    • Article, Illustration
      Lock icon Skyscraper provides shelter for Venezuela’s poor
      658 32 About 3,000 live in abandoned building in Caracas dubbed the ‘Tower of David’ Reuters [CARACAS] It boasts a helicopter landing pad, glorious views of the Avila mountain range, and large balconies for weekend barbecues. Yet this 45-storey skyscraper in the centre of Venezuela’s capital
      Reuters; PHOTO: REUTERS  -  658 words
    • Article
      Lock icon Househunt
      958 32 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN FEB 19 AND FEB 25, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 21/02/2014 99 614 1325 2160 District 3
      958 words
    • Article
      Lock icon UK March home prices up for 15th straight month
      382 32 Bloomberg [LONDON] UK house prices rose for a 15th month in March as values in London climbed to more than double the national average, according to Nationwide Building Society. The average price of a home gained 0.4 per cent from February
      Bloomberg  -  382 words
    • Article
      Lock icon US apartment rents rise 3.2% in Q1; vacancy rate down
      367 32 Bloomberg [SEATTLE] US apartment rents rose 3.2 per cent in the first quarter as occupancies climbed and newly constructed projects commanded higher leasing costs, softening the impact of an increasing supply. Effective rents, or what tenants paid after any landlord
      Bloomberg  -  367 words
    • Article, Illustration
      Lock icon HK developers gain on signs of easing of curbs
      498 33 Hang Seng Property Index of nine stocks closes 3.7% higher Bloomberg [HONG KONG] Hong Kong developer stocks jumped the most in more than two years on speculation the government may ease curbs on home prices after the city’s leader said the
      Bloomberg; PHOTO: REUTERS  -  498 words
    • Article, Illustration
      Lock icon Chinese developers turning to onshore perpetual bonds
      736 33 These hybrids allow them to side-step rules limiting their ability to take on billions of dollars of additional debt CHINA Reuters [HONG KONG] Chinese property companies are quietly turning to onshore perpetual bonds to side-step rules limiting their ability to take on billions
      Reuters; PHOTO: REUTERS  -  736 words
    • Article
      Lock icon China’s March home price growth slows
      334 33 AFP [BEIJING] Price rises for new homes in China slowed in March for the third straight month, an independent survey showed, as authorities say that they are looking to curb high housing costs. The average price of a new home in 100 major cities
      AFP  -  334 words
    • Article
      Lock icon Japan top developer discovers defects in its project
      310 34 Bloomberg [TOKYO] Mitsui Fudosan, Japan’s largest property developer by sales, reported defects in a residential complex being built by Shimizu Corp and will start repairing those parts this month, Kawasaki City said in a statement. Shimizu last month found cracks in the
      Bloomberg  -  310 words
    • Article, Illustration
      Lock icon MCL to price Jurong condo at $1,250-1,350 psf
      563 34  -  Analysts expect strong demand from owner-occupiers; eye investment potential By LYNETTE KHOO lynkhoo@sph.com.sg MCL Land’s upcoming condominium project, Lakeville, located in the Jurong Lake District, will be launched with an average price of $1,250 to $1,350 per square foot (psf). The group’s
      563 words
    • Article
      Lock icon Ultra-luxury unit sales drive records in Manhattan
      703 34 NYT [NEW YORK] The Manhattan real estate market got off to a robust start in the first three months of the year, as signed contracts for ultra-luxury apartments in new developments began to close, many with multimillion-dollar price tags, according to reports released
      NYT  -  703 words
    • Article
      Lock icon Mori, LVMH in 83b yen Ginza building project
      285 34 Bloomberg [TOKYO] Mori Building Co, Japan’s biggest closely held developer by sales, and LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, are part of a group that will develop a retail and office complex in Tokyo as they anticipate
      Bloomberg  -  285 words
    • Article
      Lock icon Australia home prices jump 2.3% in March
      350 34 Reu ters [SYDNEY] Home prices across Australia’s major cities jumped by 2.3 per cent in March while gains became more broad-based, a strong result that will fan concerns that speculative buying is running too hot for policymakers’ comfort. Figures from property consultant RP
      Reuters  -  350 words
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      Lock icon Spring Grove gets owners’ OK to go en bloc
      677 36  -  Requisite 80% consensus reached after offer price raised to $2,600 psf By LEE MEIXIAN leemx@sph.com.sg SPRING Grove in the prime Grange Road area has arrived at the requisite 80 per cent consensus from owners to put the condominium up for en
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      Lock icon V on Shenton ties up with Aston Martin
      382 36  -  BY LEE MEIXIAN |éemx@sph.com.sg BUY a penthouse at V on Shenton and get a discount on an Aston Martin sports car? To celebrate Aston Martin Singapore’s 20th anniversary, the British luxury sports car manufacturer is partnering V on Shenton to offer new
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