The Business Times, 30 April 2014

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33110
Total Pages: 30
1 30 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, April 30, 2014
    25 words
  • Article, Illustration
    Lock icon LVMH adds Crystal Jade to S’pore jewel box
    1302 1  -  Latest buy said to be worth US$100m; global expansion planned By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT [SINGAPORE] After three years of courtship, L Capital Asia, the private-equity arm of French luxury goods giant LVMH Moet Hennessy Louis Vuitton, has bought home-grown Chinese restaurant
    1,302 words
  • Article, Illustration
    Lock icon Tan Chuan-Jin and Lawrence Wong made full ministers
    604 1  -  By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] Acting Manpower Minister Tan Chuan-Jin and Acting Culture, Community and Youth Minister Lawrence Wong will be made full ministers from tomorrow. Mr Wong will also move up a notch to become Second Minister at the Ministry
    604 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      367 1 MAS REVIEW More pressure on profit margins ahead PAGE 2 COMPANIES Returns shortfall widens for S’pore investors PAGE 4 EXECUTIVE MONEY Hedge funds short small caps most in a decade PAGE 30 CEO WORLD CUP Participating is ‘next best thing to being in Brazil’ PAGE 10 i m n With
      367 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      32 1 TRANSPORT HUB STRAIT TALK Cruise industry study misses the mark I PAGE 19 Partnership is key to Changi’s success, says Lui Tuck Yew I PAGE 20 887 1 8 I 11 *****4
      32 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon Wage pressure to intensify over the year
      736 2  -  And not all firms will be able to pass on higher costs to customers MAS Macroeconomic Review By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Higher wage costs will continue to crimp firms’ profit margins for the rest of this year, the Monetary Authority of
      Source: MAS  -  736 words
    • Article, Illustration
      Lock icon MNCs shifting focus as services’ share of economic pie grows
      456 2  -  By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] The services industry is making up a bigger share of the economy and gaining importance as an engine of growth. Multinationals including those in manufacturing –are realigning their operations to focus on delivering
      456 words
    • MARKETS DIGEST
      • Article
        Lock icon FOREX
        65 2 HST INDEX 3,237.74 (-4.97) GST INDEX FUTURES 3,238.00 (+8.00) HSIMSCI 365.99 (-1.25) HSIMSCI FUTURES 365.70 (-0.10) US$ S$ US$ (S$ per US$) 1.256 (US$/S$ per 1.683 2.114 EURO (US$/S$/€ 1.386 1.741 Foreign currency per US$ S$ YEN 102.60 81.70 RM 3.261 2.596 HK$ 7.753 6.173 BAHT 32.30 25.71 RUPIAH
        65 words
      • Article
        Lock icon MARKETS
        47 2 Tuesday Change KL COMP 1,859.34 +3.60 NIKKEI 225 Closed HANG SENG 22,453.89 +321.36 SET INDEX 1,412.33 +1.10 JAKARTA COMP 4,819.68 +0.92 MANILA COMP 6,636.45 +32.10 SEOUL COMP 1,964.77 -4.49 SHENZHEN B 821.02 +5.44 MUMBAI IND 22,466.19 -165.42 12noon EDT Change DOW 16,535.40 +86.66 NASDAQ 4,094.23 +19.83
        47 words
      • Article
        Lock icon PRIME RATES
        21 2 SINGAPORE 5.35 HONG KONG 6.55 INDONESIA 5.00 INDONESIA 15.146 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
        21 words
    • Article
      Lock icon Top consumer brands not always priciest in S’pore
      527 2  -  Price premiums mostly not more than 20%: survey By SIOW LI SEN By lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] Prices of branded goods are not always the highest here, despite reports that Singapore is one of the more expensive cities in the world. A government
      527 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      275 2 LVMH buys Crystal Jade for US$100m AFTER three years of courtship, L Capital Asia, the private-equity arm of French luxury goods giant LVMH Moet Hennessy Louis Vuitton, has bought homegrown Chinese restaurant group Crystal Jade in a deal that market sources place at around US$100 million. FRONT PAGE
      275 words
    • Article, Illustration
      Lock icon Smaller, specialty restaurants in future: Ip
      813 3  -  Crystal Jade CEO says his chain may build restaurants that focus on simpler food offerings By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT [SINGAPORE] A trend in dining is how consumers are preferring smaller, specialty restaurants, said Crystal Jade chairman and CEO Ip Yiu Tung. “Even for
      PHOTO: YEN MENG JIIN  -  813 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      433 2 Personal Data Protection Act (“PDPA”) Developing PDPA policy processes for your business Practical guidance on developing data protection policy and processes from former Data Protection Commissioner and leading PDPA consultants who have implemented PDPA compliance programs for various clients in the financial, investment, property, industry products, retail, telecommunication and service
      433 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      27 2 If you're looking fora landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      27 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      230 3 Trading at DBS iWealth clicks with Steven. Our one-stop service platform gives him real-time stock prices, valuable market reports and can grow his portfolio on the go. Brokerage fees are as low as 0.18%*. Better yet, he now saves on foreign trade commissions, and could also win a car. Now,
      230 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Returns shortfall widens for S’pore investors
      610 4  -  Poll cites preference for domestic market and self-directed investments By RAPHAEL LIM raphlim@sph.com.sg INVESTORS in Singapore are seeing a widening gap between their desired and actual rates of return on investment compared to a year ago because they are too domestic market-orient-ed and do
      BT Graphics, Source: 2014 Legg Mason Global Investment Survey  -  610 words
    • Article
      Lock icon Great Eastern’s Q1 earnings up 12%
      255 4  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT GREAT Eastern Holdings yesterday posted a 12 per cent rise in first-quarter net profit to $231.6 million, up from $207.5 million a year ago. This is thanks to better performance of the insurance business as well as a one-off
      255 words
    • Article
      Lock icon Tuan Sing’s Q1 net profit up 33% at $7.7m
      308 4  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT TUAN Sing Group’s net profit for the first quarter ended March 31, 2014 rose 33 per cent to $7.7 million from $5.8 million a year earlier, even as revenue slipped 6 per cent to $61.3 million.
      308 words
    • Article
      Lock icon Far East H-Trust posts lower Q1 DPS of 1.3¢
      300 4  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT FAR East Hospitality Trust (H-Trust) posted a distribution per stapled security (DPS) of 1.3 cents for the first quarter ended March 31, a 5.8 per cent decline from 1.38 cents a year ago. The decrease was
      300 words
    • Article
      Lock icon Starhill Global Reit posts Q1 DPU of 1.24 cents
      396 4  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT STARHILL Global Reit posted a distribution per unit (DPU) of 1.24 cents for its first quarter ended March 31, payable on May 30. The latest distribution was a 9.5 per cent decline from 1.37 cents paid
      396 words
    • Article
      Lock icon Soilbuild Reit Q1 DPU at 1.562 cents
      261 4  -  By LEE MEIXIAN leemx@sph.com.sg@LeeMeixianBT SOILBUILD Business Space Reit posted a distribution per unit (DPU) of 1.562 cents for its first quarter ended March 31, 2014, 6.1 per cent higher than forecast in its prospectus. This translates to an adjusted annualised distribution yield of
      261 words
    • Article, Illustration
      Lock icon El Nino will not churn up storm in food prices: Credit Suisse
      514 7  -  Conditions for El Nino to spark food inflation in Asia aren’t present today By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT THE risk of Asia’s food inflation surging due to El Nino has been overstated. Only two out of four episodes
      PHOTO: REUTERS  -  514 words
    • Article
      Lock icon Better year seen for Hutchison Port trust
      558 7  -  Key factors are settlement of labour problem; higher US, Europe cargo volumes By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT THIS year could turn out to be a better one for Hutchison Port Holdings (HPH) Trust as it puts behind last year’s labour problems and as
      558 words
    • Article
      Lock icon Vard’s Q1 profit plunges 51.1% to 92m krone
      452 7  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT OFFSHORE vessel builder Vard Holdings posted a 51.1 per cent year-on-year fall in its first-quarter net profit to 92 million Norwegian krone (S$19.2 million) due to lower revenue and higher costs. Revenue for the three months ended
      452 words
    • Article
      Lock icon Pteris needs more than cash from RTO to stay aloft
      689 8  -  HOCK LOCK SIEW By JAIRA KOH jairakoh@sph.com.sg WHILE the tussle between Pteris Global’s board and a dissenting director over a proposed reverse takeover (RTO) deal has ended with the latter resigning unexpectedly, the question of what exactly the RTO deal
      689 words
    • Article
      Lock icon Results snapshot
      240 8 Reported on April 29,2014 REPORTING PERIOD REVENUE NET PROFIT/ LOSS Y-O-Y PROFIT CHNG EPS LAST TRADED PRICE COMPANY SIIC Environment Holdings Q1 297.8m yuan 63.6m yuan NM 0.74 yuan $0.17 Net profit more than doubled due to contribution from new acquisitions namely Dazhou Jiajing, Shanghai Qingpu, and Shanghai
      240 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      244 4 Metropolitan Festival Orchestra Presents: i 1 kJ ■v Howard Shore’s Soundtrack Performed Live with Full Movie The Most Anticipated Orchestral Event of the Year Asian Premiere Justin Freer Conductor Rosalind Waters Vocalist Samuel Yuen Boy Soprano Metropolitan Festival Orchestra Vocal Associates Festival Chorus and Children’s Choir Friday 6 June 2014
      244 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      115 5 Bringing quality products to the world. It's a Swiss tradition From watches to chocolate, the Swiss are known for quality products. As the airline of Switzerland, we offer another fine export: relaxation. Find out more on swiss.com •Mill gt0* Y > -W C I r' ft -V u *k as
      115 words
Page thumbnail Page 6
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Short-covering helps cushion STI
      610 6  -  Index eases marginally in muted trading ahead of US Federal Open Market Committee commentary STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE Straits Times Index yesterday finished 4.97 points lower at 3,237.74, most probably supported by short-cov-ering after Monday’s steep declines. Over in Hong Kong, short-cover-ing
      Source: Bloomberg  -  610 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Apr 29 VALUE CLOSE BT OB/OS 9.00 -86.00 BT CADI -*****.00 -53.00 BT 10-day MA -*****.00 +1.00 FTSE ST Mid Cap 751.35 -2.25 FTSE ST Small Cap 544.10 -1.48 FTSE ST All Share 786.97 -1.47 FTSE ST China Top 201.69 +0.08 FTSE ST China 231.47 +0.33 FTSE
      77 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 2 0 0 0 4 7 2 Manufacturing 34 54 44 7 8 8 41 62 52 Commerce 17 23 19 3 7 2 20 30 21 Tpt/Stor/Comms 11 13 12
      186 words
    • Article
      Lock icon BROKERS’ TAKE
      1066 6  -  Compiled by CAI HAOXIANG SMRT Corp April 29 close: S$1.25 Phillip Securities Research, April 29 Q3 FY2014 results released on Jan 28, 2014. Q3 FY2014 revenue grew 5.3 per cent year on year (y-o-y) on the back of Rail and Bus ridership growth but earnings before interest and
      1,066 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,196 17,196 76,243 76,243 Manufacturing 267,460 160,310 427,770 156,069 32,108 188,177 Commerce 96,527 92,108 188,635 95,237 8,200 103,436 Tpt/Stor/Comms 82,531 1,150 83,681 133,816 130 133,946 Finance 18,173 656 18,829 197,951 241 198,192 Construction 32,103 66,746
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      122 6 Stock name Close Change CapitaLand 3.200 +0.010 CapitaMall Trust 1.970 -0.015 CapitaMalls Asia 2.210 -0.010 CityDev 11.07 +0.070 ComfortDelGro 2.120 +0.010 DBS Grp 16.84 +0.120 Genting Sing 1.330 +0.005 Global Logistic 2.780 +0.030 Golden Agri-Res 0.600 HPH Trust USD 0.680 +0.005 HongkongLand USD 6.950 +0.080 JMH
      122 words
    • Article, Illustration
      Lock icon Euro higher but pound weaker against US$
      581 6 CURRENCIES Reu ters [LONDON] The euro inched up against the US dollar yesterday, helped by comments from European Central Bank policymakers, cooling any expectations that the bank will respond to low inflation by easing monetary conditions further. Sterling pulled back from a four
      Reuters; PHOTO: BLOOMBERG  -  581 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME HanKore Env 99,836,000 QT Vascular 85,308,000 Artivision Tech 77,306,000 Memstar Tech 59,415,000 Albedo 43,446,000 Vallianz 32,619,000 Equation 32,562,000 CCM 30,696,000 Charisma Energy 27,780,000 Wilmar Intl 27,474,000 VALUE($) UOB 106,748,571 Wilmar Intl 93,655,471 SingTel 64,688,530 Keppel Corp 46,674,420 DBS Grp 46,263,035 OCBC Bank 36,229,100 CapitaLand 33,226,850 CapitaMalls
      58 words
    • Article
      Lock icon RISES
      123 6 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 66.5 0.3 DBXT STGLDv100 10US$ 3386 46.5 1.1 IS S&P500 ***** 38.9 0.2 SPDR DJIA 10US$ ***** 38.9 0.2 SPDRS S&P 500 10US$ ***** 38.9 0.2 DBXT FTChina25 10US$ 2745 37.7 1.1 DBXT iBoxxSing 5SG$ ***** 28.0 0.2 Lyxor AsiaCS 10US$
      123 words
    • Article
      Lock icon FALLS
      125 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -184.6 -1.2 DBXT AUDCS 5US$ ***** -128.1 -0.5 Lyxor ThaiSET 10US$ ***** -114.3 -0.7 DBXT AUDCS 5SG$ ***** -109.0 -0.4 Jardine C&C 4654 -96.0 -2.0 UOB 2118 -96.0 -4.3 DBXT SPASX200 10US$ 4159 -92.9 -1.7 DBXT iBoxxUSTr 5US$ ***** -82.9 -0.3 DBXT
      125 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      240 7 LEADERS, TRAILBLAZERS, VISIONARIES, THE BUSINESS MOVERS SHAKERS WHO SHAPED SINGAPORE NOMINATIONS NOW OPEN FOR THE SG50 OUTSTANDING CHINESE BUSINESS PIONEERS AWARDS h* < UilUif "HU Mi r-JT‘" $at ‘TjlC*,*V f- n. par**'"* sfi t liMM! r** ijiMfMv^i'i»i|||Hiniij|iiiiy||||i|lr r rn m asal, a ,«S,v v 23 k vV. i •N I
      240 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      51 8 Get your 5th ‘C’ here Choose from various club memberships or sell yours in CLASS 66 To advertise, call the Print Classified Hotline: 1800-289 9988 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289
      51 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 2
      31 8 I BBQ 1 pits? NPf If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      31 words
Page thumbnail Page 9
  • FUTURE-PROOFING
    • Article, Illustration
      Lock icon Developing tomorrow’s accountant
      1589 9  -  The accountancy profession must evolve to meet challenges of technological, regulatory and economic changes, reportsFRANCIS BUILDING RESILIENCE IN THE ACCOUNTANCY SECTOR FRANCIS KAN THE perception of accountants as “bean counters” whose main job is to produce number-heavy reports is mostly a thing of the past. Today’s accounting
      1,589 words
    • Article
      Lock icon Megatrends 2014: the future of business
      353 9 ACCORDING to a report by Ernst Young, six main social and economic trends will shape the business landscape in 2014. Global rebalancing balance of economic power becoming multipolar: The distinction between “developed” and “emerging” markets will become less important as the balance of economic
      353 words
    • Article, Illustration
      Lock icon The ACCA Singapore Annual Conference 2014
      99 9 Part of the ACCA Asia Pacific series of Future Conferences which will also take place in Beijing, Guangzhou, Shanghai, Hong Kong and Kuala Lumpur, The ACCA Singapore Annual Conference 2014, themed Future-proofing Business and the Accountancy Sector will explore and assess the impact of
      99 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      27 9 ore Annual Conference FING SS AND THE A ga FU 20 ay OUNTANCY SECTOR .4 Monday 9am 5.30pm 7.5 CPD Units Raffles City Convention Centre www.accaannualconference.sg ACCA
      27 words
Page thumbnail Page 10
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Sims Drive housing plot draws just four bids
      638 10  -  GuocoLand leads with $530.89m offer; nearby site draws 16 bidders LAND SALES By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT MALAYSIAN tycoon Quek Leng Chan has trumped his Singapore cousin, Kwek Leng Beng, at a state tender for a 99-year private housing site in Sims
      Source: MND, www.onemap.sg  -  638 words
    • Article
      Lock icon Three industrial sites put up for sale
      558 10  -  Tuas and Woodlands plots released under IGLS scheme for H1 By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT TO provide more options for industrialists, the government has put up two sites at Tuas and one site at Woodlands for sale under the first half of its
      558 words
    • Article, Illustration
      Lock icon Participating is ‘next best thing to being in Brazil’
      587 10  -  CEO WORLD CUP By MICHAEL CHUA By chuamc@sph.com.sg ALTRUISM and football will always have a place in NTUC Fairprice chief Seah Kian Peng’s heart. The game is a recreation that has stuck with him since he was a teenager of humble
      587 words
    • Article
      Lock icon Croda Int’l sinks more into Singapore
      371 10  -  By ANDREA SOH By sandrea@sph.com.sg @AndreaSohBT BRITISH specialty chemicals manufacturer Croda International, which counts firms such as Unilever and Procter and Gamble as its customers, has deepened its investment in Singapore, its headquarters in Asia-Pacific. The London-listed group yesterday opened its training centre and
      371 words
    • Article
      Lock icon NUS Business School ropes in ex-RBI governor
      251 10  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT INDIA’S former central bank chief, Duvvuri Subbarao, has been appointed as Distinguished Visiting Fellow at the National University of Singapore (NUS) Business School. The former governor of the Reserve Bank of India (RBI) and former finance secretary to
      251 words
    • Article
      Lock icon Coca-Cola affiliate partners A*Star on R&D
      345 10  -  By JACQUELYN CHEOK By jaccheok@sph.com.sg @JacCheokBT COCA-COLA’S affiliate, DP Beverages, yesterday partnered Singapore’s Agency for Science, Technology and Research (A*Star) to expand its technology presence here and develop new innovations that will “add value to consumers and support a sustainable world”. Through this collaboration,
      345 words
    • Article
      Lock icon 3-party tie-up to devise intelligent transport systems
      318 10  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT THREE parties have signed a memorandum of understanding (MOU) to set up an intelligent transport systems (ITS) lab here. Under the three-year collaboration, the lab will facilitate research and development and the test-bedding of communications, information and automotive
      318 words
    • Article, Illustration
      Lock icon Govt backs bid to expand coverage of tripartite mechanism
      491 11  -  Labour movement pushing for TMF to cover more people and issues NTUC MAY DAY DINNER Reports by LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT THE government supports the Labour Movement's push to expand the existing Tripartite Mechanism Framework (TMF) to cover more people and
      491 words
    • Article
      Lock icon Teo Chee Hean, Gan Kim Yong get top NTUC award
      331 11 TWO Cabinet ministers were bestowed the Labour Movement’s top honour at the annual May Day Awards ceremony last night. Deputy Prime Minister Teo Chee Hean and Health Minister Gan Kim Yong became the latest recipients of the National Trades Union
      331 words
    • Article
      Lock icon 2 SCCCI events to coincide with SG50 next year
      277 11  -  By LISABELLE TAN lisatan@sph.com.sg THE Singapore Chinese Chambers of Commerce Industry (SCCCI) has initiated two projects to acknowledge contributions made by the Chinese business community, timing both events to coincide with Singapore’s 50th year of independence next year. One is the
      277 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      1080 11 notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LIABILITIES, TEMPORARY SYIRKAH FUNDS AND EQUITY 2013 2012 mandin PT BANK MANDIRI (PERSERO) Tbk. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION December 31,2013 and 2012 (Expressed in millions of Rupiah, unless otherwise stated) TOTAL ASSETS 733,099,762 635,618,708 SUBSIDIARY COMPANIES PT Bank Syariah Mandiri
      1,080 words
Page thumbnail Page 12
  • MALAYSIA
    • Article
      Lock icon Khazanah to take stake in Philippine developer
      451 12  -  RM215m investment is its first in the region’s fastest expanding economy By S JAYASANKARAN in Kuala Lumpur MALAYSIAN sovereign wealth fund Khazanah Nasional will invest RM215 million (S$82.5 million) in 8990 Holdings, a mass housing developer in the Philippines. This would be the
      451 words
    • Article, Illustration
      Lock icon Sime Darby buying 30% stake in US firm Verdezyne
      420 12 [PETALING JAYA] Malaysian conglomerate Sime Darby is acquiring a 30 per cent stake in United States-based industrial biotechnology company Verdezyne to pursue strategic growth areas for its plantation business, The Star reported yesterday. The Star citing a Bernama news agency report
      PHOTO: BLOOMBERG  -  420 words
    • Article
      Lock icon Huge retail projects at KL airports unveiled
      532 12  -  By PAULINE NG in Kuala Lumpur IN about two years, transit passengers at Malaysia’s Kuala Lumpur International Airport (KLIA) and budget terminal KLIA2 will no longer need to twiddle their thumbs waiting. Not when there are hundreds of thousands of square feet of
      532 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      1819 12 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 MIKOISHI PTE. LTD. (In Creditors’ Voluntary Liquidation) (CO. REG. NO. *****7261M) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held on the 23rd
      1,819 words
Page thumbnail Page 13
  • CHINA
    • Article, Illustration
      Lock icon Alibaba on patent-buying spree ahead of US listing
      767 13 It’s already received 102 patents in the US and applied for over 300 others Bloomberg [NEW YORK] Alibaba Group Holding Ltd is beefing up its patent holdings in the United States, a move that may help avoid the pitfalls that bedevilled Google
      Bloomberg; PHOTO: REUTERS  -  767 words
    • Article
      Lock icon Alibaba, Jack Ma to pay US$1.22b for Youku stake
      520 13 Bloomberg [WASHINGTON] Alibaba Group Holding Ltd and founder Jack Ma’s Yunfeng Capital have agreed to buy a US$1.22 billion stake in video website Youku Tudou Inc as China’s biggest ecommerce operator prepares for a US initial public offering. Youku shares fell.
      Bloomberg  -  520 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      1227 13 ADVERTORIAL Professor Michelle Bligh, who teaches Leadership and Management of Change, giving an open lecture event on the impact of confidence in negotiation outcomes. SIM UB EMBA brings deep industry insights Graduates of UB’s EMBA programme at SIM will find the course of study relevant, practical and designed to have
      1,227 words
Page thumbnail Page 14
  • WORLD
    • Article, Illustration
      Lock icon BOA’s US$4b error fuels banking debate
      858 14 Bank told to shelve share buyback, planned hike in quarterly dividend NYT [NEW YORK] Bank of America (BOA) has disclosed that it had made a significant error in the way it calculates a crucial measure of its financial health, suffering another blow to its
      NYT; PHOTO: AFP  -  858 words
    • Article
      Lock icon US report sees serious flaws in foreclosures
      580 14 More errors might have surfaced if reviews not halted NYT [NEW YORK] A new government report suggests that errors made by banks and their agents during foreclosures might have been significantly higher than was previously believed when regulators halted a national review of
      NYT  -  580 words
    • Article, Illustration
      Lock icon Brussels mulls over charging drivers by distance
      734 14 Reuters [BRUSSELS] For two years running, Brussels has been named the most congested city in western Europe, a mark of shame for the capital that guides Europe’s environment and transport policies. The disgrace has, however, had the effect of uniting Belgium’s environmentalist Green
      Reuters; PHOTO REUTERS  -  734 words
    • Article
      Lock icon Yellen’s attempt at clarity creating confusion instead
      580 14 Bloomberg [NEW YORK] Janet Yellen’s effort to provide clarity on the outlook for the Federal Reserve’s main interest rate by publishing policymakers’ forecasts is instead creating confusion. Fed officials released projections last month showing their benchmark interest rate rising faster than they previously
      Bloomberg  -  580 words
    • Article
      Lock icon US sanctions create headaches for firms with Russian links
      649 15 Energy sector has been a particular priority for Obama administration NYT [MOSCOW] Once a year, the chief executives of the world’s largest oil companies fly to St Petersburg, Russia’s second city, for an economic forum and a rare chance to meet
      NYT  -  649 words
    • Article, Illustration
      Lock icon Noma is back on top of world food chain
      904 15  -  Flying the Singapore flag are Waku Ghin (50), Restaurant Andre (37), Iggy's (84), Les Amis (86) By GEOFFREY EU [SINGAPORE] Noma, the pioneering Danish restaurant that brings nature to the dining table in fresh and wildly inventive ways, is back on
      PHOTO: AFP  -  904 words
    • Article
      Lock icon PICTET
      273 15 Pictet-Absl Rtn Fxd Inc-HP EUR 24/04/2014 EUR 102,38 Pictet-Absl Rtn Glo Div-P EUR 24/04/2014 EUR 114,17 Pictet-Asian Equities Ex Japan-P USD 25/04/2014 USD 181,55 Pictet-Asian Local Currency Debt-P USD 25/04/2014 USD 146,10 Pictet-Biotech-P USD 25/04/2014 USD 524,20 Pictet-Clean Energy-P USD 24/04/2014 USD 90,09 Pictet-Digital Communication-P USD 24/04/2014 USD 199,66
      273 words
    • Article
      Lock icon Lawmakers watch as US firms head for tax exit
      788 16 Pfizer latest to consider cutting tax bill by moving legal unit outside America Bloomberg [NEW YORK] US companies looking for lower tax bills are heading for the exits, and Congress is doing nothing to stop them. Pfizer Inc is the latest
      Bloomberg  -  788 words
    • Article, Illustration
      Lock icon Astra-Zeneca is now a prize worth pursuing
      1043 16 AstraZeneca is now a prize worth pursuing CEO Soriot’s focus on cancer, biotech restores confidence Bloomberg [GENEVA] When Pascal Soriot took the helm at AstraZeneca plc in 2012, he inherited a company with a looming patent cliff and an ailing pipeline after a string of drug development setbacks. Now, 18
      Bloomberg; PHOTO: BLOOMBERG  -  1,043 words
    • Article
      Lock icon A watered-down TPP without Japan an option: US official
      447 16 Bloomberg [WASHINGTON] A PacificRim trade agreement may have to proceed without Japan if the Asian nation doesn’t open its agricultural markets to imports, US Agriculture Secretary Tom Vilsack said. “It is incumbent upon us to have market access, and if the
      Bloomberg  -  447 words
    • Article
      Lock icon Latest deal driven by Pfizer’s poor pipeline
      607 16 Reuters [NEW YORK] At the heart of Pfizer Inc’s pursuit of British drugmaker AstraZeneca plc is a shortage of attractive products in its own research pipeline, aggravated by a recent series of disappointing drug launches, say some industry analysts and money managers. They
      Reuters  -  607 words
    • Article
      Lock icon 2014 takeovers cross US$1 trillion threshold
      456 16 Level is hit at the fastest pace in 7 years: Bloomberg Bloomberg [NEW YORK] The value of takeovers announced in 2014 hit the US$1 trillion mark on Monday, reaching that level at the fastest pace in seven years. That threshold was crossed 54 days
      Bloomberg  -  456 words
    • Article
      Lock icon US debt paydown is biggest in 7 years
      709 17 Faster pace of hiring and soaring corporate profits are lifting tax receipts Bloomberg [WASHINGTON] The US Treasury Department announced the biggest quarterly paydown of government debt in seven years, as a stronger labour market helps boost tax revenue. The drop in net
      Bloomberg  -  709 words
    • Article, Illustration
      Lock icon ECB needs to act on inflation and low growth: IMF
      543 17 Reu ters [FRANKFURT] The European Central Bank (ECB) should do “everything it can” to tackle low growth and inflation but eurozone governments must also shape up their economies, a senior International Monetary Fund (IMF) official said. Jose Vinals, director of
      Reuters; PHOTO: BLOOMBERG  -  543 words
    • Article
      Lock icon MtGox bitcoin customers settle lawsuits
      361 17 Reuters [WILMINGTON, Delaware] US and Canadian customers of failed Tokyo-based bitcoin exchange MtGox have agreed to settle their proposed class action lawsuits that alleged the company defrauded them of hundreds of millions of dollars. The class action plaintiffs agreed to support a plan by Sunlot
      Reuters  -  361 words
    • Article, Illustration
      Lock icon Consumer confidence in US down from six-year high
      388 18 LATEST US DATA Bloomberg [WASHINGTON] Confidence among US consumers declined in April from a six-year high as Americans became less enthusiastic about the economy and labour market, even with the improving outlook. The Conference Board’s index decreased to 82.3 from 83.9 a
      Bloomberg; AFP FILE PHOTO  -  388 words
    • Article
      Lock icon EU banks face tougher stress tests with multiple shocks
      602 18 Scenarios include simultaneous routs in bonds, stocks and property Reuters [LONDON] European banks must show that they can survive simultaneous routs in bonds, property and stocks, in the toughest test so far by regulators aiming to restore confidence in an industry
      Reuters  -  602 words
    • Article, Illustration
      Lock icon Networks boss Rajeev Suri to become Nokia CEO
      545 18 Reuters [HELSINKI] Nokia named the man who led a turnaround at its main telecoms network business as its new chief executive yesterday, boosting investors’ confidence in the future of the company following the sale of its once-dominant handset arm. The Finnish firm,
      Reuters; PHOTO: AFP  -  545 words
    • Article, Illustration
      Lock icon Obama scores points with sceptical allies on Asia trip
      424 18 Re uters [MANILA] From the elaborate details of a Japanese state visit to the more mundane question of how much face-time to give each of his Asian hosts, US President Barack Obama’s aides spent months meticulously scripting his four-country tour of
      Reuters  -  424 words
    • Article
      Lock icon Businesses lukewarm to AEC progress
      437 18  -  By CHUANG PECK MING peckming@sph.com.sg BUSINESSMEN in at least four Asean member countries are “lukewarm” about the progress that Asean is making towards becoming an economic community next year, said a report released yesterday by EY. The tax consultancy firm, which carried out “qualitative interviews”
      437 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      107 14 INTOThe YEAR! th Invest Fair continues to maintain its reputation as the LARGEST local investment exhibition with over 40 local and international exhibitors, over 50 free seminars, over 5 educational workshops and an average of 20,000 visitors over the weekend. 2nd-3rdAUG 2014 SINGAPORE suntec CONVENTION EXHIBITION CENTRE Malaysia MID Valley
      107 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      183 15 The Institute of Logistics and Transport Professional Qualifications in Logistics Awarded by the Chartered Institute of Logistics and Transport, U.K. PROFESSIONAL DIPLOMA IN LOGISTICS TRANSPORT (Approved for SDF, MENDAKI SRP Funding) A modular programme for middle managers with functional responsbilities in warehousing, transport, inventory or materials management. The Diploma covers
      183 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      340 15 MODERN AND CONTEMPORARY ASIAN ART 2014 SPRING AUCTION AUCTION SUNDAY 11 MAY 2014 11AM ONWARDS Chen Chonqswee Tay Bak Koi (Fishing Village Scenery) Aa/Atf Lonfftan) 9 yii (Lotus Srihadi (The Sjjjrh^^atuKj Pond) m u '•C. w ILe Mayeur (Le Femme Rose Am'meenlMantoian i (Forces of Nature)] V i Chen Wen
      340 words
Page thumbnail Page 16
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      1407 17 NOR THE RN T RUS T COR P OR ATI ON Parent company of The Northern Trust Company Headquarters: 50 South LaSalle Street, Chicago, Illinois CONSOLIDATED BALANCE SHEET As at December 31 (US$ in Millions Except Share Information) 2013 2012 ASSETS Cash and Due from Banks 3,162.4 3,752.7 Federal Funds
      1,407 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      184 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LIBERALITAS SHIPPING PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (COMPANYREGISTRATION NO. *****2521W) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member
      184 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 3
      261 17 Ionics EMS Inc. Block 2 and 3 Carmelray Industrial Park 2 Brgy Tulo, Calamba, Laguna, Philippines 4027 NOTICE OF ANNUAL SHAREHOLDERS’ MEETING To All Shareholders: Please be informed that the Annual Shareholders’ Meeting of IONICS EMS, INC. will be held on 16 May 2014 at 9:00 a.m. at the Sta.
      261 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      134 18 Attention Local Business Owners! Breach ourro^ 1.3MILLI0N POTENTIAL ■CUSTOMERS FOR FREE! •Average monthly visitors on STDirectory STDirectory.sg is offering a two-month free trial for an enhanced online directory business listing package to local businesses. This package includes: COMPANY LOGO Display your business logo to represent your company’s brand identity COMPANY
      134 words
Page thumbnail Page 19
  • Transport HUB
    • Article, Illustration
      Lock icon S Korea vows to revamp shipping industry laws
      804 19 Bloomberg [SEOUL] South Korea vowed to overhaul shipping industry regulations a day after the prime minister resigned amid growing anger at the government’s handling of the nation’s worst maritime disaster in four decades. “We will study any structural problems in the shipping
      Bloomberg; PHOTO: REUTERS  -  804 words
    • Article
      Lock icon General Dynamics bags US$17b deal
      320 19 Reuters [WASHINGTON] The US Navy on Monday awarded a US$17.6 billion contract for 10 more Virginia-class, nu-clear-powered attack submarines to General Dynamics Corp and its major subcontractor, Huntington Ingalls Industries Inc, the larg-est-ever Navy shipbuilding contract. The contract, which funds work on two Virgin-ia-class submarines
      Reuters  -  320 words
    • Article
      Lock icon Cruise industry study misses the mark
      921 19  -  It charges that the industry is ignoring its responsibility to the environment STRAIT TALK By DAVID HUGHES NEW research by the United Kingdom’s Leeds Metropolitan University (LMU) has painted a damning picture of the cruise industry, charging that it is ignoring its responsibility to
      921 words
    • Article
      Lock icon TRANSPORT STOCKS
      252 19 SGX '000 Apr 29 S$ +/-Vol Ch Offshore Chuan Hup Hldg 0.27 -0.01 539 Cosco Corp 0.72 -0.02 1438 Cwt Limited 1.49 -0.01 760 Ezra Hldgs 1.06 -0.01 955 First Ship Lea Grand Banks 0.26 0.03 6815 Jaya Hold Ltd 0.79 unch 3549 K1Ventures 0.20 unch 553 Keppel
      252 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Partnership is key to Changi’s success, says Lui
        667 20  -  Transport Minister pledges continued support for the needs of airlines By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Close cooperation and partnership within the airport community is crucial for Changi Airport to remain a success as the aviation industry evolves, said Transport Minister Lui
        667 words
      • Article, Illustration
        Lock icon Vietnam Airlines expects IPO nod in June
        588 20 Government speeds share sales to win overseas investors Bloomberg [HANOI] Vietnam Airlines Corp, the national carrier, said that it expects to get approval in June for the number of shares to be sold at an initial public offering (IPO) as the government speeds
        Bloomberg; PHOTO: BLOOMBERG  -  588 words
      • Article
        Lock icon SpaceX challenges Boeing-Lockheed monopoly
        507 20 Bloomberg [WASHINGTON] Billionaire Elon Musk’s Space Exploration Technologies Corp accused the US Air Force of illegally shutting it out of the market for military satellite launches by giving a Boeing Co-Lockheed Martin Corp joint venture a monopoly on the service. The government’s contract with the Boeing-Lock-heed
        Bloomberg  -  507 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Q1 parallel imports of cars make surprise 62% leap
        444 21  -  Facelifts of popular PI models among factors for demand being revitalised By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] The paral-lel-import (PI) trade experienced an uncharacteristic increase in the first quarter of 2014, thanks to demand for a rash of refreshed models among buyers
        444 words
      • Article
        Lock icon Mumbai’s trains still a dangerous gamble for commuters
        645 21 AFP [MUMBAI] Cricket-mad teenager Dhaval Lodaya was on his way to a temple when his Mumbai train derailed and he bled to death –becoming one of the 10 people who die every day on the city’s rail network. Known as the lifeline
        AFP  -  645 words
      • Article
        Lock icon Another Tube strike unsettles firms, riders
        458 21 Reuters [LONDON] London Underground train workers were staging their second 48-hour strike this year yesterday, in protest at job cuts and office closures in a dispute that is expected to cost businesses millions of pounds as commuters struggle to reach their workplace. The walkout
        Reuters  -  458 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      24 19 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
      24 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 2
      22 19 klSS92 FM place one songs great the All S m z 5f 8a Z IN THE MORNING WEEKDAYS 6AM-10AM-D facebook.com/kiss92fm J#-@kiss92fm www.kiss92.sg
      22 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 3
      104 19 Food Services v in Asia 2014^ 23-25 June 2014 Suntec Convention Exhibition Centre, Singapore Attention To: Operations Directors Executive Chefs Dietiticans Nutritionists F&B Catering Managers Food Service Professionals V We are planning the following activities for you Interactive sessions on food labelling and food-drug interaction Workshop on food aesthetics Workshop
      104 words
Page thumbnail Page 20
  • Page 20 Advertisements
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      324 20 CRYPTIC CROSSWORD Across 1 A lot of covering left spread on garden? (5) 4 Being arrogant, I’m up to changing in public transport (9) 9 What makes unusual plot visible? (9) 10 Wild tree a sort of apple (5) 11 Nouveau riche’s leading way with skill (7) 12 A place
      324 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      109 21 k world f: 5* sn F^sa> Lii_ ‘Vx ■s "3E I rimm. WI M& o >4 ftwwSiyrAi-v *.«i r 4 rr- »£stt •dQ*i a Cre*? KS ifSiK £> .1 y-M* sss TS: a R III IVVPR t; MB i «rm s«s M MtA ms ii.. •StL Ulj, 1 •nrn .-i’
      109 words
Page thumbnail Page 22
  • EDITORIAL & OPINION
    • Article
      Lock icon ‘Pricey in Singapore’ unlikely to last
      490 22 EDITORIAL THE Monetary Authority of Singapore’s (MAS) latest macroeconomic review gives a positive if sobering picture of the economic outlook: While prospects for the global economy have brightened, a mix of cyclical and structural factors will continue to affect Singapore’s growth profile as it
      490 words
    • Article, Illustration
      Lock icon Children tend to inherit parents’ social positions
      779 22  -  REUTERS BREAKINGVIEWS THE BOTTOM LINE By EDWARD HADAS THE children of the poor tend to end up poor. The children of the elite seem pre-ordained to inherit a good part of their parents’ status and income. Is that just? Things aren’t as bad
      779 words
    • Article, Illustration
      Lock icon Obama’s Asia trip has been a notable success
      1045 22  -  He has secured goal of re-assuring key allies about enduring US commitments to region By ANDREW HAMMOND The writer is a former UK Special Adviser in the government of Tony Blair, and an Associate at LSE IDEAS at the London School of
      PHOTO: REUTERS  -  1,045 words
    • Article, Illustration
      Lock icon Why South will lead in global economic tilt
      741 23  -  South-based business leaders have an edge and are out to grab opportunities By RAM CHARAN The writer is a world-renowned business adviser to CEOs and boards, and a New York Times best-selling author. His latest book is ‘Global Tilt: Leading Your Business
      PHOTO: STOCK.XCHNG  -  741 words
    • Article, Illustration
      Lock icon The tale of how a PM was never allowed to exert real authority
      805 23  -  REUTERS BREAKINGVIEWS By ANDY MUKHERJEE EVERYTHING except the title of Sanjaya Baru’s The Accidental Prime Minister has invited controversy. And the title escaped opprobrium only because Manmohan Singh, who has never won an election, was the first
      PHOTO: AFP  -  805 words
    • LETTERS TO THE EDITOR
      • Article
        Lock icon Boards must address gender diversity
        405 23 IN a recent article in BT, “Not the business of boards to focus on gender diversity” (BT, April 11), the president of the Securities Investors Association of Singapore David Gerald was quoted as saying that we needed “to understand the situation before we start crying
        405 words
      • Article
        Lock icon CPF and SRS investors should be treated on a par with CDP investors
        478 23 AS most counters listed on Singapore Exchange (SGX) are scripless, investors who are shareholders of SGXlisted companies have their shares custodised in The Central Depository Pte Ltd (CDP). So, legally, they are the shareholders of these companies.
        478 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      133 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      133 words
Page thumbnail Page 24
  • Article
    Lock icon SHIPPING TIMES
    2247 24 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    2,247 words
  • Page 24 Advertisements
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      126 25 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II 1 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times
      126 words
    • Advertisement
      Lock icon Page 25 Advertisements Column 2
      19 25 USE THIS SPACE TO SELL CALL JOE WO IMG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
      19 words
Page thumbnail Page 26
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4132 26 Transaction date: Apr 29 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 300 10.4 10.3 10.3 10.5 2.6 1.7 23.4 73.7 13.6 10.4 8Telecom Day
      4,132 words
    • Article
      Lock icon SGX CATALIST
      419 27 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) High Low Buyer
      419 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11908 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.53/ Aberdeen Asset Mgt Asia Limited 1.22/ Asian Local Ccy SD Bond Global Emerging Markets!** China Opportunities 1 .2.811/ EM Local Ccy Bond 0 9013/ European Opportunities! 1 3669/ Global Emerging Markets!” Global Opportunities/ 1.051
      11,908 words
    • Article
      Lock icon GLOBALQUOTE
      249 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 52 35.5 Genting HK US$ US39cd -1 1890 40 39 39 39.5 2568 Day 328 191 TanChongInt HK320cd unch 81 320 318 317 321 9.7 3.3
      249 words
    • Article
      Lock icon SGX ETF
      1111 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.2 +0.2 113.2 113.2 113 113.5 516.7 143 119 CIMB APAC Div 100S$D 130.1 +0.5 130.1 130.1 128.8 131.4 114.4
      1,111 words
Page thumbnail Page 27
Page thumbnail Page 28
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      652 28 Apr 29 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.82 *****.03 *****.47 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****8 Sep14 *****.00 1 8655 MSCI TAIWAN INDEX FUTURES SPOT 316.70 317.61 315.41 Apr14 315.40 317.50 313.80 317.36 ***** ***** May14 315.70 317.30 314.00 316.50
      652 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Apr 28 Index Change Change Change Change Change Change World Preliminary 1187.0 0.1 0.2 0.1 0.2 0.0 0.6 EAFE Preliminary 945.1 0.0 -1.2 0.0 -0.3 -0.1 0.2 Europe Preliminary 1374.5 0.2 1.4
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 28 Apr 29 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 5.788 0.667 7.173 55.990 107.040 0.949 9.533 3.017 1.085 91.012 41.160 1.162 9.807 0.814 27.956 29.878 0.550 0.925 Canada 0.981 5.680
      471 words
    • Article
      Lock icon SIBOR
      30 28 Apr 29 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth Source: Thomson Reuters
      30 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 28 Apr 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1615 1.1624 0.9251 0.9252 Canadian dollar 1.1397 1.1410 0.9082 0.9078 Euro 1.7405 1.7421 1.3863 1.3866 NZ dollar 1.0701 1.0716 0.8523 0.8529 Sterling pound 2.1131 2.1151 1.6831 1.6835
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 28 Apr 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1508.25 1498.00 1520.50 1499.25 Jul 14 1500.00 1494.25 1513.00 1490.75 Aug 14 1426.50 1428.25 1441.75 1421.25 Sep 14 1301.25 1302.00 1313.00 1296.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14
      109 words
    • Article
      Lock icon LIFFE
      94 28 Apr 28 COCOA (£/tonne) Close Prev High Low May 14 1834 1837 1846 1829 Jul 14 1844 1848 1857 1839 Sep 14 1848 1851 1861 1843 Dec 14 1843 1846 1856 1838 COFFEE(US$/tonne) Close Prev High Low May 14 2120 2136 2133 2098 Jul14 2126 2150 2138 2110 Sep
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1124 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 35 17.8 2 0.3 1 45 0.75 51 Asia-Pacific Strategic W*****6 1 0.3 30 261 26.33 1 Ratio Exer Asiatic Grp(Hldgs) Ltd W*****5 2.1 -0.1 174 0.0 2
      1,124 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Apr 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.69 -0.73 WTI (Near Mth) 100.91 0.32 Dubai (1-Mth F) 106.06 -0.08 Tapis blend 113.43 0.51 Minas 112.13 0.51 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.17 0.50 Jet Kerosene 121.98 -0.27 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 28 Apr 29 Apr s$ Bid Offer 1-month 1.2555 1.2564 2-months 1.2555 1.2564 3-months 1.2554 1.2564 6-months 1.2553 1.2562 Source: OCBC
      23 words
    • Article
      Lock icon LONDON METALS
      65 28 Apr-28 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1787.75 1814.25 3 months 1829.00 1852.50 Copper, Grade A(US$/tonne) Cash 6765.75 6783.00 3 months 6745.50 6765.00 Lead(US$/tonne) Cash 2112.75 2137.50 3 months 2136.00 2162.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
      65 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      82 28 Apr 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.29 5-Year NX*****W 2.5 01-Jun-19 104.94 105.10 105.00 10-Year NX*****H 2.750 01-Jul-23 102.4 102.60
      82 words
    • Article
      Lock icon PRECIOUS METALS
      134 28 Apr 29 GOLD(US$/oz) Apr 29 Apr 28 Hong Kong 1296.00 1306.00 Apr 28 Apr 25 London 1294.11 1301.80 1294.88 1302.35 Source: Thomson Reuters CAST BAR Apr 29 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 313 258 10gm 583 518
      134 words
    • Article
      Lock icon PALM OIL
      57 28 Apr 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 14 2700.0 2690.0 2705.0 2690.0 205 2945 Jun 14 2676.0 2652.0 2678.0 2650.0 5237 ***** Jul 14 2661.0 2636.0 2664.0 2635.0 ***** ***** Aug 14 2654.0 2629.0
      57 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Apr 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.190 1.134 Can dollar 1.160 1.116 Euro 1.781 1.697 Sterling pound 2.152 2.070 NZ dollar 1.099 1.057 US dollar 1.282 1.221 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 28 Apr 29 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.05 US$ Offer Bid 7 days 0.20 0.10 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
      157 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      35 29 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
      35 words
    • Advertisement
      Lock icon Page 29 Advertisements Column 2
      536 29 At Fidelity, it is inherent in us to find all the important details required, no matter how small they are. Because it's with our penetrating research that we can uncover the best and most rewarding investment opportunities for our clients. And the following awards simply prove what comes second to
      536 words
Page thumbnail Page 30
  • executive Money
    • Article, Illustration
      Lock icon Hedge funds short small caps most in a decade
      1136 30 They bet US$2.8b that the index of bottom 2,000 stocks will fall Bloomberg MONEY managers are turning on stocks that have delivered the best returns during the bull market: small caps. Large speculators such as hedge funds are betting US$2.8 billion
      Bloomberg; PHOTO: AFP  -  1,136 words
    • Article, Illustration
      Lock icon Focus on the Big Picture as the US economy gains momentum
      809 29  -  The normalisation of US monetary policy augurs well for market fundamentals MONEY MATTERS HAREN SHAH The writer is chief investment strategist, Investment Strategy Group, Wealth Management at Citi Asia Pacific 2014 has started in an uncertain and volatile fashion.
      Source: Citi Research, As at 7 April 7, 2014  -  809 words
    • Article, Illustration
      Lock icon Small investors are better off in US markets today: Citadel
      627 29 Bloomberg [NEW YORK] Michael Lewis produced a top-selling book by arguing that the US stock market is rigged. To one of hedge-fund operator Citadel’s top executives, small investors have never been more fortunate. “It’s one of the few markets in
      Bloomberg; AFP FILE PHOTO  -  627 words
  • Page 30 Advertisements
    • Advertisement
      Lock icon Page 30 Advertisements Column 1
      151 30 II I CHOOSETHE PATH IG PROVIDESTHE PLATFORM" IG FX TIGHT SPREADS D DO n 'v v: >7 -V TV' TRADE YOUR WAY WITH SINGAPORE'S No.l FX PROVIDER* Whatever your forex trading style, we have the platform, tools and technology to support you. Get competitive spreads from 0.8 pips, and use
      151 words
    • Advertisement
      Lock icon Page 30 Advertisements Column 2
      12 30 US ECONOMY Focus on the Big Picture as momentum builds PAGE 29
      12 words