The Business Times, 7 May 2014

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Microfilm: NL33137
Total Pages: 30
1 30 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 Wednesday, May 7, 2014
    25 words
  • Article, Illustration
    Lock icon CPF Board moving to Novena Square
    738 1  -  Move prompts talk it could sell CPF Building; gross space can hit 606,000 sq ft if redeveloped By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] The biggest office leasing deal so far this year has been inked: CPF Board is said to be taking close to
    PHOTO: ARTHUR LEE  -  738 words
  • Article
    Lock icon SingTel fined record $6m for exchange fire
    796 1  -  CityNet and OpenNet also slapped with fines of $300,000 and $200,000 respectively By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT [SINGAPORE] Singapore’s largest telco has been handed down the industry’s largest fine. This is a sum of $6 million for the Bukit Panjang exchange fire of
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,245.56 (+3.96) GST INDEX FUTURES 3,238.00 (+6.00) GSIMSCI 368.07 (+0.39) GSIMSCI FUTURES 367.10 (+1.50) US$ S$ US$ (S$ per US$) 1.250 (US$/S$ per 1.694 2.116 EURO (US$/S$/€ 1.392 1.739 Foreign currency per US$ S$ YEN 102.00 81.60 RM 3.257 2.606 HK$ 7.752 6.204 BAHT 32.37 25.90 RUPIAH
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    • Article
      Lock icon MARKETS
      45 1 Tuesday Change KL COMP 1,860.43 -0.11 NIKKEI 225 Closed HANG SENG Closed SET INDEX 1,404.01 -17.47 JAKARTA COMP 4,834.47 -8.04 MANILA COMP 6,765.93 -0.53 SEOUL COMP Closed SHENZHEN B 827.01 +3.97 MUMBAI IND 22,508.42 +63.30 12noon EDT Change DOW 16,463.54 -67.01 NASDAQ 4,119.71 -18.34
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.35 HONG KONG 6.55 HONG KONG 5.00 JAPAN 14.963 TAIWAN 5.036 US 1.475 KOREA 9.33 BRITAIN Source: Bloomberg
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      106 1 HOCK LOCK SIEW Sembcorp’s return to property a good diversification move page 4 TRANSPORT HUB Strait Talk: Counting the cost of going green PAGE 20 OPINION Apple lives by magic PAGE 19 EXEC MONEY Billions not a must-have for angel investors PAGE 28 The leading Swiss private banking group. Since
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  • TOP STORIES
    • Article
      Lock icon Wheelock to cut prices for The Panorama
      455 2  -  Agents say prices at re-launch this Sunday could be up to 10% lower than that at initial launch By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] Wheelock Properties’s condominium project in Ang Mo Kio, The Panorama, is gearing up for a re-launch this Sunday, with
      455 words
    • Article
      Lock icon Singapore signs deal with US on American account holders’ data
      733 2  -  Banks here will provide such info to local tax authorities By SIOW LI SEN By lisen@sph.com.sg@SiowLiSenBT [SINGAPORE] Singapore has initialled the muchanticipated agreement with the United States to deliver to its taxman data on US citizens and US permanent residents
      733 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      470 2 SingTel fined record $6m for exchange fire SINGAPORE’S largest telco has been handed the industry’s largest fine $6 million for the Bukit Panjang exchange fire of last Oct 9. FRONT PAGE CPF Board moving offices to Novena Square THE biggest office leasing deal so far this year has
      470 words
    • Article, Illustration
      Lock icon Gelato firm rebrands itself, expands overseas
      653 2  -  B y JAIRA KOH By jairakoh@sph.com.sg [SINGAPORE] The coming months herald big changes for homegrown Gelateria Italia. Firstly, it will rebrand itself as “Casa Italia” to reflect its move to expand its offerings beyond artisanal gelato to include premium coffee. Secondly, it will sign
      PHOTO: ARTHUR LEE  -  653 words
    • Article
      Lock icon Global economy will strengthen over next 2 years: OECD
      672 2  -  It will launch Southeast Asia Regional Programme today By ANTHONY ROWLEY in Tokyo THE Secretary-General of the Organisation for Economic Cooperation and Development (OECD) has predicted that the global economy will strengthen over the coming two years, given that the “once-stalled
      672 words
    • Article
      Lock icon Correction
      55 2 IN “Buying flat, selling down, buybacks up” (BT, May 5), we wrongly reported that Yanlord Land independent director Ng Shin Ein had bought three million shares on April 29 at $1 each. What she bought was $3 million of the company’s 6.2 per cent senior notes due 2017. We
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    • Article
      Lock icon Search set to be launched for new LNG importers
      546 3  -  EMA finalising details through a gas demand survey that closes at the end of the month By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] After over two years of careful study, Singapore is finally set to launch the search proper next month for up
      546 words
    • Article, Illustration
      Lock icon Trade gap shrinks by 3.6% to US$40.4b
      554 3 Exports grow by most in nine months in March LATEST US DATA Bloomberg [WASHINGTON] The US trade deficit narrowed in March as exports grew by the most in nine months, another signal that growth was poised to pick up. The gap shrank by
      Bloomberg; PHOTO: BLOOMBERG  -  554 words
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      292 3 u m.\ I DBS Living, Breathing Asia www.dbs.com.sg f DBS Multiplier Programme Earn up to 2.08% p.a. Enrol instantly online. You choose how. Just tick whatever regular banking you do with us: 1 My home loan is from DBS [~~1 My salary goes to a DBS account [~~1 My shopping
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  • COMPANY NEWS
    • Article
      Lock icon Sembcorp Q1 earnings up 4.5% at $185m
      369 4  -  Bulk of profits comes from its utilities and marine businesses By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT SEMBCORP Industries reported yesterday a 4.5 per cent increase in first-quar-ter net profit to $185 million, with the bulk coming from its utilities and marine businesses. Earnings per
      369 words
    • Article
      Lock icon Sembcorp’s return to property a good diversification move
      738 4  -  HOCK LOCK SIEW By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT SEMBCORP Industries’ foray back into property development, encouraged by demand from the tenants and expatriate communities at its industrial and business parks, could be a good diversification move, if executed well. Sembcorp Industries is
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    • Article
      Lock icon Eu Yan Sang’s Q3 earnings up 4%, revenue up 9%
      312 4  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT EU YAN SANG’s net profit for the third quarter ended March rose 4 per cent to $8.79 million from $8.44 million a year ago while revenue rose 9 per cent to $110.28 million from $101.18
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    • Article
      Lock icon More firms upbeat, says analyst survey
      371 7  -  Optimism found by Fidelity poll reflects strength of global economic recovery By RAPHAEL LIM raphlim@sph.com.sg A HIGHER proportion of companies are confident about the year ahead compared with last year, with increased dividend payouts and bolt-on acquisitions likely to be key themes for this
      371 words
    • Article
      Lock icon APTT’s Q1 profit of $17.9m falls short of forecast
      388 7  -  By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT ASIAN Pay Television Trust (APTT) posted a net profit of $17.9 million for the quarter ended March 31, 2014, 3.9 per cent lower than forecast in its listing prospectus last year. The business trust, which debuted
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    • Article
      Lock icon BBR Q1 net profit more than doubles
      285 7  -  By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT BBR Holdings’ first-quarter net profit more than doubled on strong turnover. The construction and property company said net profit for the three months ended March 31, 2014, stood at $5.04 million, up from $2.06 million for the corresponding
      285 words
    • Article
      Lock icon Perennial China Q1 DPU unchanged at 0.95¢
      380 7  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT PERENNIAL China Retail Trust posted a distribution per unit (DPU) of 0.95 cent for its first quarter ended March 31, 2014, unchanged from a year ago. Distributable income, too, held steady at $10.9 million. The first quarter DPU
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    • Article, Illustration
      Lock icon Asiasons co-founder pares his stake, retires from board
      595 8  -  Shares up yesterday at four cents, still a shadow of last Oct’s high of $2.83 By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT BEATEN and bruised, Asiasons Capital shares have suffered much pain but, unlike many of its penny stock cohorts, the private-equity firm and
      PHOTO: THE STAR  -  595 words
    • Article
      Lock icon April sees largest number of bond listings on SGX this year
      530 8  -  By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT SINGAPORE Exchange (SGX) recorded its largest number of new bond listings so far this year in April, with 56 issues, up 24 per cent over the same month in 2013. Listings of floating-rate
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      1009 8  -  Compiled by KENNETH LIM Genting Singapore May 6 close: S$1.345 CIMB Research, May 6 Q1 FY2014 core EPS came in line with our expectation and above consensus at 29 per cent of our full-year forecast and 31 per cent of consensus FY2014 EPS. Genting Singapore reported a record
      Source: Bloomberg  -  1,009 words
    • Article
      Lock icon OSIM perks up on TWG Tea contribution
      379 8  -  By KENNETH LIM kenlim@sph.com.sg @KennethLimBT MASSAGE chair maker OSIM International enjoyed a freshly brewed boost from newly consolidated TWG Tea to achieve a 14.7 per cent growth in first-quarter earnings. Net profit rose to $28.8 million, or 3.95 cents per share, for the
      379 words
    • Article
      Lock icon NSL Q1 net profit down 12%
      267 8  -  By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT NSL Ltd reported a 12 per cent year-on-year decline in net profit in the first quarter. Net profit for the three months ended March 31, 2014, was $12.8 million, down from $14.5 million in the year-ago period, the construction,
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    • Article
      Lock icon Big value in small caps: DMG
      360 8  -  By KENNETH LIM kenlim@sph.com.sg @KennethLimBT SELECTED small companies in the offshore and marine, Singapore construction and China environment sectors could be ripe for the picking, according to a small-cap report by DMG Partners Research. Valuations of companies with market values of under $2.5 billion
      360 words
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      Lock icon Page 4 Advertisements Column 1
      188 4 Opens Today! A' Keep Safety In HiX Mind! The 9 th Occupational Safety+Health Exhibition for Asia 7-9 MAY 2014 10.00am 6.00pm Suntec Singapore Halls 402 and 403 Concurrent Events o The Singapore WSH Conference 2014 THE SINGAPORE CONFERENCE 2014 7 &8 May 2014 www.singaporewshconference.sg JESS The world authority in powered
      188 words
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      195 4 50 Anniversary Lead with one of the top MBAs in the world. It's possible. Top 1 of all universities worldwide (QS World University Rankings, 2013/2014) Number 1 choice amongst the UK’s top graduate employers (The Graduate Market in 2014, High Fliers Research) AMBA and EQUIS accredited Whether you are seeking
      195 words
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      117 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 """'"niu.ii.,, SWISS •Hill c a* V > -w N ,V r 1 •A
      117 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon ST Index drifts in low volume
      677 6  -  Session is quiet in view of Hong Kong market break, with turnover at 1.25b units worth $670m STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE closure of the Hong Kong exchange for a public holiday yesterday made for a quiet and largely directionless session
      Source: Bloomberg  -  677 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 May 6 VALUE CLOSE BT OB/OS -138.00 +94.00 BT CADI -*****.00 +49.00 BT 10-day MA -*****.00 -14.00 FTSE ST Mid Cap 759.36 +0.65 FTSE ST Small Cap 543.91 +2.46 FTSE ST All Share 789.83 +1.09 FTSE ST China Top 201.99 +1.28 FTSE ST China 229.18 +0.12 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 8 2 4 0 0 0 8 2 4 Manufacturing 48 46 38 7 8 10 55 54 48 Commerce 16 27 17 5 2 3 21 29 20 Tpt/Stor/Comms 20 11 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,380 10,380 20,539 20,539 Manufacturing 315,807 70,181 385,988 96,414 6,223 102,637 Commerce 60,622 131,109 191,731 29,104 3,981 33,084 Tpt/Stor/Comms 77,008 1,119 78,127 82,258 126 82,384 Finance 10,669 650 11,319 82,438 241 82,679 Construction 22,092 25,616
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      119 6 Stock name Close Change CapitaLand 3.100 CapitaMall Trust 2.010 +0.010 CapitaMalls Asia 2.200 CityDev 10.89 +0.110 ComfortDelGro 2.050 DBS Grp 17.13 -0.040 Genting Sing 1.345 +0.035 Global Logistic 2.780 -0.010 Golden Agri-Res 0.610 -0.005 HPH Trust USD 0.680 +0.005 HongkongLand USD 6.760 -0.040 JMH 400 USD
      119 words
    • Article, Illustration
      Lock icon Euro rises to 7-week high on Spanish data
      505 6 CURRENCIES Bloomberg [LONDON] The euro yesterday climbed to a seven-week high against the US dollar as reports showed Spanish jobless claims fell more in April than economists forecast and services grew at the fastest pace in seven years. The single currency advanced
      Bloomberg; PHOTO: BLOOMBERG  -  505 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      63 6 VOLUME HanKore Env 105,028,000 WE 78,294,000 JES Intl 65,233,000 Genting Sing 57,524,000 Memstar Tech 50,395,000 Albedo 39,535,000 W Corp 31,599,000 APAC Strategic 24,387,000 Amplefield R 23,365,000 Lereno Bio-Chem 19,404,000 VALUE($) Genting Sing 77,625,575 SingTel 31,467,420 UOB 29,491,340 DBS Grp 28,939,440 Sembcorp Marine 18,034,160 OCBC Bank 17,914,920 YZJ
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    • Article
      Lock icon RISES
      117 6 BY CENTS CLOSE UP DBXT iBoxxSvEu 5US$ ***** 106.2 0.3 SPDR DJIA 10US$ ***** 88.7 0.4 DBXT EONIA 5US$ ***** 85.0 0.4 DBXT AUDCS 5US$ ***** 83.7 0.3 DBXT iBoxxSing 5SG$ ***** 71.0 0.6 DBXT E50 10US$ 5440 57.5 0.9 DBXT AUDCS 5SG$ ***** 51.0 0.2 DBXT MSKorea 10US$
      117 words
    • Article
      Lock icon FALLS
      128 6 BY CENTS CLOSE DOWN DBXT iBoxxUSTr 5US$ ***** -137.4 -0.5 DBXT FTVietnam 10US$ 2585 -116.2 -3.5 DBXT Nifty 10US$ ***** -88.7 -0.6 GLD 10US$ ***** -32.5 -0.2 Transpac Ind 144.5 -29.5 -17.0 DBXT S&P Short 10US$ 2500 -26.2 -0.8 Lyxor Indonesia10US$ 8861 -18.7 -0.2 Jardine C&C 4477 -18.0 -0.4
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      145 6 "I CHOOSE THE PATH. IG PROVIDESTHE PLATFORM" IG FX TIGHT SPREADS v: -V 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 our award-winning mobile app on the
      145 words
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      90 7 CELEBRATING 3 YEARS Cele LOVING Moments With You Celebratory offers from 30% off Best Flexible Rates* Enjoy 1 FREE night for every 30 consecutive nights' stay Refer a guest and be rewarded *Terms and conditions apply www.the-ascott.com/30years ASCOTT Citadines SOMERSET THE RESIDENCE APARTHOTEL SERVICED RESIDENCE Enjoy Ascott’s Best Rate Guarantee
      90 words
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      23 8 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use.
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      Lock icon Page 9 Advertisements Column 1
      154 9 PK rrr. mwmm :-ft -1 S$ >?±i\ >lt-: *?;>• SSSSS r/i.-*'•:->tsW>*A 25 a«M«ssaa >‘.j V} |SP& a |jM ■•■•is./sj y wj 'Ar*-r55fl ii v-WO K# •31 •is." ii V Two <-»'>.. r <V./ SiBS vV-’.V I v.. i •■■> v V xv;\'X---'v Mbi £tK s cV Bterfl >u!McS* V,VRz t*?25fcc(
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Menlo opens logistics centre in Benoi
      453 10  -  Firm also plans to expand into healthcare logistics By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT MENLO Logistics (Menlo) opened a new warehouse and distribution centre in Singapore yesterday, with plans to expand its business here. The new 50,000 square metre facility at 21 Benoi Sector takes
      453 words
    • Article, Illustration
      Lock icon First batch of 18 cleaning companies get licences
      517 10  -  Several hundred more expected to be issued before Sept 1 deadline By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT THE cleaning industry in Singapore will go through some restructuring in the next year or two as the sector adapts to new rules that require all
      PHOTO: LIANHE ZAOBAO  -  517 words
    • Article
      Lock icon KV Asia acquires 100% equity in Orange Valley
      271 10  -  B y JAIRA KOH jairakoh@sph.com.sg PRIVATE-EQUITY firm KV Asia Capital has acquired 100 per cent equity in nursing home provider Orange Valley through its investment vehicle, Eldercare Holdings. “Orange Valley is a pioneer and leader in the nursing home sector in Singapore,”
      271 words
    • Article
      Lock icon Life insurance sector logs Q1 sales boost
      341 10  -  By RAPHAEL LIM By raphlim@sph.com.sg THE life insurance industry continued its strong performance from 2013, with a 24 per cent year-on-year increase in weighted new business premiums in Q1 this year. It recorded $698.7 million in weighted new business premiums during the quarter,
      341 words
    • Article
      Lock icon S’pore diners top spenders in S-E Asia
      405 10  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT SINGAPORE diners have emerged as the top spenders in South-east Asia when eating out, according to MasterCard’s latest survey on consumer dining habits. Local diners were found to have spent an average of US$198 a month on food
      405 words
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      142 10 WORLD CUP Calling CEOs to score for Charity We are looking for 32 CEOs to take part in The BT-Coca-Cola Charity Drive, where you can use your corporate funds set aside for charity in a creative way! Each CEO will be assigned one of the 32 teams by drawing lots.
      142 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Dialog shareholders to get one-for-one bonus issue
      590 11  -  The company will also give treasury shares on a one-for-125 basis By PAULINE NG in Kuala Lumpur DIALOG Group Bhd’s three decades of incorporation and 18 years as a pub-lic-listed entity will be greeted by shareholders with much glee. The integrated oil and
      590 words
    • Article
      Lock icon Ageing Indonesia oil fields may spur bond supply shock
      533 11 Bloomb erg [JAKARTA] Indonesia’s ageing oil fields are swelling fuel-subsidy costs, prompting a unit of the nation’s largest bank to forecast the government will sell almost 40 per cent more bonds than last year. PT Mandiri Sekuritas sees authorities raising the
      Bloomberg  -  533 words
    • Article
      Lock icon Benalec up 6% on news of RM204m deal
      431 11  -  By S JAYASANKARAN in Kuala Lumpur SHARES of Malaysian reclamation and marine services specialist Benalec Holdings rose nearly 6 per cent yesterday to RM0.945 apiece after the firm told the stock exchange late on Monday that it had secured a RM204 million
      431 words
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      314 11 ■=*5) lr I /V -L c^* JL- 4 /■I” 53SBW. aaspb- M r^—- v fi&f, tm Wb^ 15! fer f.arrrj fill K PSH S LI\I G fcw I [HI! > nr so^g INC H ■..a'I Co T>oraj, 0 hr se Jf> TKOOl 5/ 4 M tg ,"*l V«l I m
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  • CHINA/INDIA
    • Article
      Lock icon Facebook’s business for China exporters grows
      397 12 Firm says it also has thousands of app developers in China Bloomberg [BEIJING] Facebook Inc, the operator of the world’s largest social-networking site, said its business aiding China’s exporters to reach global markets is seeing fast growth even as its main Web services remain
      Bloomberg  -  397 words
    • Article
      Lock icon China provinces mull sale of state-owned assets
      621 12 Move spurred by govt plans to open state-owned firms to competition Bloomberg [BEIJING] President XI Jinping’s plans to open China’s state-owned enterprises to competition are spurring local officials to consider asset sales that could help rein in provincial and municipal debt. Businesses controlled
      Bloomberg  -  621 words
    • Article, Illustration
      Lock icon UK confers knighthood on Ratan Tata
      215 12 AFP [NEW DELHI] Indian tycoon Ratan Tata has received an honorary knighthood from Britain in recognition of his company’s heavy British investments and philanthropy, an embassy statement said on Monday. Mr Tata, who retired in 2012 as head of the giant tea-to-steel Tata Group,
      AFP; PHOTO: AFP  -  215 words
    • Article
      Lock icon Ultratech Cement eyeing share in Holcim-Lafarge pie
      570 12 Bloomberg [MUMBAI] Ultratech Cement Ltd, India’s biggest maker of the material, is looking to buy the local assets of Holcim Ltd and Lafarge SA, according to a person with direct knowledge of the matter. Billionaire Kumar Mangalam Birla, who controls Ultratech, is waiting
      Bloomberg  -  570 words
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      1656 12 [«5ATS notices Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices JK TECH HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0813H) Notice of Extraordinary General Meeting Unless otherwise defined or the context otherwise requires, all capitalised terms herein shall bear the same meaning as used in the circular dated
      1,656 words
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      573 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CL EUROPE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****8396Z) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of CL Europe Pte Ltd duly convened and held on the 29th day of April 2014,
      573 words
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  • WORLD
    • Article, Illustration
      Lock icon Financial info provider Markit files for US IPO
      555 13 It may seek to raise as much as US$2 billion from the listing: FT Bloomberg AFP [NEW YORK] Markit Ltd, the financial information company whose price data forms the basis for much of the global derivatives and bond markets, filed for a
      Bloomberg; AFP; SPH FILE PHOTO  -  555 words
    • Article
      Lock icon Financial transaction tax for Europe could start in 2016
      455 13 Bloomberg [BRUSSELS] European finance ministers are designing a finan-cial-transaction tax on equities and derivatives that could start in 2016 for the 11 nations that have signed up to participate. French Finance Minister Michel Sapin said details could be presented by the
      Bloomberg  -  455 words
    • Article
      Lock icon Easier for US businesses to get bank loans
      425 13 Easing in Q1 comes amid stronger credit demand: Fed survey Bloomberg [WASHINGTON] Banks in the US during the first quarter eased policies for loans to businesses including real estate companies amid stronger demand for credit, according to a Federal Reserve survey. For
      Bloomberg  -  425 words
    • Article, Illustration
      Lock icon Australia’s central bank keeps rates at 2.5%
      516 14 Reuters [SYDNEY] Australia’s central bank kept interest rates at record lows for an eighth meeting yesterday, just a week before the government is expected to lay down a frugal budget that is likely to be an added drag on the economy over the
      Reuters  -  516 words
    • Article
      Lock icon Five banks sued over claims of gold price collusion
      853 14 Lawsuits question integrity of gold fix and seek to rectify lack of oversight NYT [NEW YORK] Frustrated traders and offbeat activists have complained for years in whispers and in online screeds that the price of gold has been subject to collusion.
      NYT  -  853 words
    • Article
      Lock icon Pfizer posts 15% drop in Q1 earnings
      424 14 Drugmaker’s CEO renews call for rival AstraZeneca to accept buyout offer NYT [NEW YORK] As the drugmaker Pfizer announced a 15 per cent drop in first-quarter earnings, its chief executive renewed his call for its British rival AstraZeneca to accept Pfizer’s offer to
      NYT  -  424 words
    • Article, Illustration
      Lock icon UBS Q1 profit beats analysts’ estimates
      616 15 Net income rises 6.7% to 1.05b Swiss francs; bank plans special payout Bloomberg [ZURICH] UBS AG, Switzerland’s largest bank, reported first-quarter profit that beat analysts’ estimates and said it plans a special payout for investors. Net income rose 6.7 per cent from a year
      Bloomberg; PHOTO: REUTERS  -  616 words
    • Article
      Lock icon US banks mull special one-off dividends
      387 15 Bloomberg [NEW YORK] US bank executives have something special in mind for their investors. Pressed by shareholders for higher payouts and by regulators to conserve capital, some of the biggest stress-tested lenders including US Bancorp and BB&T Corp said that they will consider asking
      Bloomberg  -  387 words
    • Article, Illustration
      Lock icon Top 25 hedge fund titans earn US$21.15b in total
      1007 16 Pay cheque highest since 2010 despite a year when most hedge fund managers fell short of market’s returns NYT [NEW YORK] Hedge fund managers heavily populate the so-called one per cent in the US. And they are getting richer. The 25
      NYT; PHOTOS: BLOOMBERG  -  1,007 words
    • Article
      Lock icon US preparing to prosecute BNP, Credit Suisse
      667 16 WP [WASHINGTON] No company or individual is too big to jail, US attor-ney-general Eric Holder said as the Justice Department prepares criminal charges against two of Europe’s largest banks. In a video message posted on the Justice Department’s website, Mr Holder said: “When
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      Lock icon Goldman Sachs extends art loan to Cohen
      284 17 Bloomberg [WASHINGTON] Goldman Sachs Group, which stood by Steven A Cohen last year as his SAC Capital Advisors LP bore the brunt of a massive insider trading probe, has come to the billionaire’s aid again. The top prime broker to the former hedge-fund
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      Lock icon Bayer wins bid for Merck unit in US$14.2b deal
      529 17 Acquisition makes it second biggest over-the-counter drug maker Reuters [FRANKFURT] Germany’s Bayer AG has trumped rival bidders for Merck Co Inc’s consumer care business in a US$14.2 billion deal, adding to a string of major cross-border deals in the healthcare industry.
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      Lock icon Switzerland, Singapore join clampdown on bank secrecy
      322 17 Reuters [PARIS] Switzerland and Singapore joined yesterday the growing ranks of countries agreeing to share tax information in a major breakthrough against bank secrecy, the Organisation for Economic Co-operation and Development (OECD) said. Under the pledge signed by a total 47 countries, all
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    • Article
      Lock icon G7 to seek out alternative energy sources
      600 17 G-7 cuts reliance on Russian oil; ramps up energy efforts Bloomberg [ROME] The Group of Seven nations agreed to find new sources of energy and expand their natural gas infrastructure to prevent Russia from using its oil and gas reserves as a “political
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      184 13 HEARTIEST CONGRATULATIONS TO Mr 7 1>VMV RBW! MQWtUODIN III W»V«*AUMl4fO (MftUSfcUAM >$IANA KUDUAKUI tWXjyOASO DMHlSsAUM DATO’ Dr. Derek Goh Bak Heng (BBM) Executive Chairman Group CEO i of Serial System Ltd Group on being conferred the Darjah Indera Mangku Sultan Mahmud Badaruddin III (D.I.M.S) which carries the title Dato’ by
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      773 14 >®i WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ACEVEST PTE. LTD. Company Registration No. *****5598R (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the Company duly convened and held at 10 Gul Avenue,
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      771 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WISA LTD. Company Registration No. *****6051G (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the Company duly convened and held at 10 Gul Avenue, Singapore *****4 on the
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      781 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WIST PTE. LTD. Company Registration No. *****6048K (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the Company duly convened and held at 10 Gul Avenue, Singapore *****4 on
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      299 14 [nterariselilT2ai4 www.goto-enterpriselT.com 17-20 June 2014 Basement 2, Level 1 3 Marina Bay Sands, Singapore Asia’s definitive sourcing platform tor innovative technologies EnterpriselT2014 is the must attend event if you are an end user in Marketing, IT or Operations departments from the Banking Finance, Government Military, Healthcare, Hospitality Retails, Logistics Transportation
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      256 15 METRO HOLDINGS LIMITED (Incorporated In Singapore) LOST SHARE CERTIFICATES Notice is hereby given that share certificates numbered *****8 and *****3 covering 3,798 shares in total in the name of Estate of Fung Minnie, Deceased have been reported lost. Notice is also hereby given that the new share certificates will be
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      386 15 Your Garden In The Sky Only 18 Units ,C' I ■Wm mjm i >h i U. I -vr |S3 i -i=sj ill ■r nr -A 1 IS KL Intown kopma ffu WEALTH OF CONVENIENCES AT YOUR DOORSTEP MEDINI Carden Villas Experience a new level of living by owning a property
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      264 16 Wine, Dine m THE CLIFF PRESENTS I St 9 I 8 r v-. < -4 MICHELINSTARRED CHEFS FJ LAG ■nia CHEF SAUL BOLTON Saul, NYC n Chez TJ. California CHEF PASCAL AUSSIGNAC Club Gascon London 14-17 May 6-course Dinner at The Cliff 18 May Sunday Champagne Brunch at The Terrace
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      148 17 JAAN Ranked 100that World’s 50 Best Restaurants 2014 JAAN was awarded the honourable ranking of 100th at the highly prestigious World’s 50 Best Restaurants 2014. This outstanding recognition is a reflection of the restaurant’s true dedication and passion in providing guests with exceptional dining experiences to remember. Led by Chef
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  • EDITORIAL & OPINION
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      Lock icon EU needs to build further on its proud past
      483 18 EDITORIAL MAY 9 will mark the 64th anniversary of Europe Day. It was on that fateful day in 1950, in the aftermath of World War II, that the then French foreign minister Robert Schuman presented the Schuman Declaration, proposing the creation
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      Lock icon The sooner that bubbles out there pop, the better
      819 18  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IF you go back 20 or 25 years, the term “bubble” was not part of everyday language. To be sure, scholars debated various financial bubbles. Most famous was the stockmarket bubble
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      Lock icon Obama’s Asia trip falls short of expectations
      900 18  -  Biggest disappointment was failure to make progress on the TPP By JEAN-PIERRE LEHMANN The writer is a contributing editor to “The Globalist” (where this article first appeared) and a visiting professor at Hong Kong University SEVEN months ago, in October 2013, amid the
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      Lock icon Fighting for territory
      906 19  -  An upstart China-led AIIB is ready to square off against the ADB ANTHONY ROWLEY Tokyo Correspondent Development bank wars may not sound as threatening or as sexy as trade and currency wars. Yet a territorial battle royal appears to be shaping up between the Asian evelopment Bank
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      Lock icon Apple lives by magic
      944 19  -  REUTERS BREAKINGVIEWS By EDWARD HADAS APPLE is in the news for borrowing US$12 billion last week, even though it has US$151 billion of cash on its balance sheet. The financial legerdemain will keep the technology giant’s tax bill down. It also is suitable for a company
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      Lock icon Europe’s precarious new normal
      710 19  -  By ERIK BERGLOF The writer is chief economist at the European Bank for Reconstruction and Development Project Syndicate A DECADE ago, 10 countries joined the European Union (EU). Today, Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia are universally recognised as
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      Lock icon SIAS clarifies statement on SIC approval of certain CMA directors
      206 19 LETTER TO THE EDITOR IN the report, “SIAS: Minority interest addressed in CMA offer” (BT, April 25), I was quoted as saying that “SIAS also understands that SIC (Securities Industry Council) has approved the independence of these directors”, in reference
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      103 19 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
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  • Transport HUB
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      Lock icon Counting the cost of going green
      837 20  -  Shipping is going to have to find a great deal of money over the next few years simply to stay within the rules STRAIT TALK By DAVID HUGHES LAST week, European ferry company DFDS said that one of its routes would close because it
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      Lock icon StanChart sees active ship loan year
      252 20 Bloomberg [DUBAI] Standard Chartered plc, the British bank that earns most of its profit from Asia, expects to increase its US$5.5 billion of loans to the shipping industry as demand for vessels recovers and oil-industry investments rise. The London-based bank’s lending to ship companies
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      Lock icon Gold recovered from shipwreck in Atlantic
      472 20 Bloomb erg [TORONTO] Odyssey Marine Exploration Inc, a marine salvager specialising in extracting cargoes from sunken ships, recovered its first gold from a 19th-centu-ry vessel lying more than a kilometre beneath the Atlantic Ocean. Odyssey recovered almost 28 kilograms on April 15 during its
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      Lock icon TRANSPORT STOCKS
      248 20 SGX '000 May 06 S$ +/-Vol Ch Offshore 0.42 unch 116 Chuan Hup Hldg 0.28 unch 126 May 06 Cwt Limited...............1.57 0.07 2909 Ezra Hldgs 1.07 unch 1890 First Ship Lea Ch Offshore Grand Banks 0.27 unch 341 Jaya Hold Ltd 116 K1Ventures 0.20 unch 1536 Keppel Corp
      248 words
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      Lock icon PSA Bharat to develop Mumbai terminal
      182 20 [SINGAPORE] Bharat Mumbai Container Terminals Private Limited (BMCT), a wholly owned subsidiary of PSA Bharat Investments yesterday signed a concession with Jawaharlal Nehru Port Trust (JNPT) to develop the JN Port’s fourth container terminal on a design, build, operate, finance and transfer basis in
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      Lock icon Diver dies at South Korea ferry disaster site
      380 20 Coastguard says it was 53-year-old’s first dive AFP [SEOUL] A diver died yesterday while working at a ferry disaster site in South Korea as further details emerged about how deception and negligence contributed to the April 16 tragedy. The 53-year-old was on
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    • TRANSPORT HUB: AVIATION
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        Lock icon Passenger traffic growth slows in March: Iata
        524 21  -  But for Q1, air traffic grew 5.6% compared to growth of 5.2% for 2013 By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT GLOBAL air passenger traffic growth eased to 3.1 per cent year-on-year in March, slowing from February when traffic rose 5.6 per cent. Global capacity
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        Lock icon U-2 spy plane triggers air control glitch
        406 21 Reuters [LOS ANGELES] An air traffic control glitch that caused hundreds of flight cancellations or delays across Southern California last week was triggered by a computer misinterpreting the flight path of a U-2 spy plane, the Federal Aviation Administration (FAA) said on Monday.
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        Lock icon Alitalia-Etihad tie-up hangs in the air
        711 21 UAE carrier could buy up to 49% of ailing Italian airline AFP [ROME] The fate of stricken Italian airline Alitalia is set to be decided this week by the outcome of talks for UAE carrier Etihad to buy up to 49 per cent of
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        Lock icon China carrier aims to raise 1.9b yuan in Shanghai IPO
        233 21 Reuters [BEIJING] Juneyao Airlines, a small privately owned carrier, said it aims to raise 1.9 billion yuan (S$380.7 million) in an initial public offering in Shanghai to fund its fleet expansion. The Shanghai-based carrier plans to issue up to 200
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        Lock icon Boeing presses for funding to produce Growler
        355 21 Reuters [ST LOUIS] Boeing Co and its supporters on Monday vowed to fight for US$2.1 billion in funding for 22 EA-18G electronic attack planes in fiscal 2015 to keep the plane’s St Louis production line running past 2016 and preserve 60,000 jobs around
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    • TRANSPORT HUB: LAND
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        Lock icon Fiat Chrysler bets on Jeep, Alfa revamp to go global
        699 22 CEO set to unveil carmaker’s longawaited five-year business plan Reuters [DETROIT] Fiat Chrysler will build Jeeps in China and Brazil and is expected to invest billions of euros to revamp its battered Alfa Romeo sports-car brand in a bid to
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      • Article
        Lock icon Analysts calling a sell on Aston Martin 2018 bonds
        675 22 Bloomberg [LONDON] Aston Martin’s development strategy is burning cash and prompting analysts from Barclays Plc to Societe Generale SA to put a “for sale” sign on debt of the British luxury sportscar maker. The company is spending £500 million (S$ 1.06
        Bloomberg  -  675 words
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      134 20 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
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      29 21 World-renowned economist Ng Yew Kwang is a happy man with interests that go beyond economics is a happy man with interests To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 21 Miscellaneous
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      345 21 CRYPTIC CROSSWORD Across 1 Leaving shop empty, flog a little (6) 4 Suitable place by a quiet river in Italy (8) 10 City’s experience with right game played with balls (9) 11 Publication for children? (5) 12 Crushed fabric (7) 13 Bury’s river not unknown by one million (7) 14
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      157 22 Do You Aspire to Become a Best Employer? s e Best E art Your I t i f 12 years of Best Employers research in Asia Pacific with insights from over 3,800 registered organizations, supports the striking evidence: high levels of Employee Engagement, a compelling Employer Brand, Effective Leadership and
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  • Article
    Lock icon SHIPPING TIMES
    2212 23 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
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      39 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times Shipping Times
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      126 24 mporters ooking 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
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      18 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      4216 25 Transaction date: May 6 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 20 3.3 A-Sonic Aero 10.1 -0.1 900 10.2 10.1 10.1 10.3 2.6 1.7 23 72.3 Day Last
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      Lock icon SGX CATALIST
      425 26 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) 32.5 16 t
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      Lock icon UNIT TRUST & FUNDS
      11664 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.52/ Aberdeen Asset Mgt Asia Limited 1.21/ Asian Local Ccy SD Bond Global Emerging Markets!** 1 9546/ China Opportunities 1 8051/ EM Local Ccy Bond *****/ European Opportunities! 1 368/ Global Emerging Markets!” Global Opportunities/
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      Lock icon GLOBALQUOTE
      258 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 62 38.5 AVJennings A54.5 -0.5 1 54.5 54.5 54.5 56 3.6 6.4 4.4 201.8 52 35.5 Genting HK US$ US40cd +0.5 4367 40.5 40 39.5 40 2633.8
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      Lock icon SGX ETF
      1063 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.8 +0.3 113.8 113.8 113.7 114 519.5 143 119 CIMB APAC Div 100S$D 129 -0.2 129 129 127.7 130.2 114.4
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  • FINANCE & COMMODITIES
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      Lock icon SGX DERIVATIVES TRADING
      650 27 May 6 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.44 *****.75 *****.77 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****6 Sep14 *****.00 *****.00 *****.00 *****.00 5 8657 MSCI TAIWAN INDEX FUTURES SPOT 316.97 318.75 315.46 May14 315.50 318.10 314.00 317.30 ***** *****1 Jun14 314.20
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr May 5 Index Change Change Change Change Change Change World Preliminary 1197.3 -0.1 1.1 -0.3 0.6 0.0 1.6 EAFE Preliminary 952.4 -0.2 -0.4 -0.4 0.2 -0.1 1.2 Europe Preliminary 1385.4 -0.2 2.3
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 27 May 6 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 5.799 0.669 7.218 55.979 107.234 0.950 9.591 3.032 1.067 91.843 41.264 1.163 9.783 0.815 28.092 30.133 0.550 0.931 Canada 0.981 5.690
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      Lock icon SIBOR
      36 27 May 6 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      76 27 May 6 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-16 101.31 5-Year NX*****W 2.5 01-Jun-19 105.29 10-Year NX*****H 2.750 01-Jul-23 103.2 15-Year NZ*****S 3.500
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    • Article
      Lock icon PRECIOUS METALS
      138 27 May 06 GOLD(US$/oz) May 05 May 02 Hong Kong 1315.00 1289.00 May 05 May 02 London 1310.53 1302.23 1311.40 1302.92 Source: Thomson Reuters CAST BAR May 06 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 315 261 10gm 588 524
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    • Article
      Lock icon PALM OIL
      57 27 May 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 14 2626.0 2632.0 2633.0 2610.0 288 2133 Jun 14 2608.0 2591.0 2609.0 2580.0 2459 ***** Jul 14 2582.0 2568.0 2586.0 2558.0 ***** ***** Aug 14 2570.0 2560.0
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      Lock icon INTERBANK CURRENCY RATES
      155 27 May 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1628 1.1639 0.9308 0.9313 Canadian dollar 1.1410 1.1421 0.9138 0.9133 Euro 1.7388 1.7397 1.3918 1.3920 NZ dollar 1.0895 1.0907 0.8721 0.8727 Sterling pound 2.1157 2.1172 1.6935 1.6940
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am May 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.187 1.131 Can dollar 1.162 1.118 Euro 1.775 1.691 Sterling pound 2.148 2.066 NZ dollar 1.112 1.070 US dollar 1.275 1.215 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      157 27 May 6 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.15 US$ 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 27 May 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1472.00 1480.75 1490.00 1471.25 Jul 14 1463.25 1470.75 1482.50 1461.00 Aug 14 1406.00 1407.00 1418.00 1401.50 Sep 14 1285.50 1281.50 1290.75 1281.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14
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      Lock icon LIFFE
      93 27 May5 COCOA (£/tonne) Close Prev High Low May 14 1806 1806 1806 1806 Jul 14 1822 1822 1822 1822 Sep 14 1825 1825 1825 1825 Dec 14 1823 1823 1823 1823 COFFEE(US$/tonne) Close Prev High Low May 14 2149 2149 2149 2149 Jul14 2154 2154 2154 2154 Sep 14
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1029 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 1 0.3 30 483 16.30 0 Exer Albedo Limited W*****9 Prem Asiatic Grp(Hldgs) Ltd W*****5 2.1 -0.1 24 0.0 2 16 Asiatravel.com HoldingsW*****7 2.6
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS May 05 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.95 -1.38 WTI (Near Mth) 99.44 -0.32 Dubai (1-Mth F) 104.26 0.21 Tapis blend 112.87 0.35 Minas 111.07 0.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.72 0.33 Jet Kerosene 120.03 0.06 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 27 May 6 S$ Bid Offer 1-month 1.2493 1.2498 2-months 1.2493 1.2498 3-months 1.2493 1.2498 6-months 1.2493 1.2499 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 27 May-05 May-05 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1742.50 1742.50 3 months 1786.00 1786.00 Copper, Grade A(US$/tonne) Cash 6755.50 6755.50 3 months 6719.00 6719.00 Lead(US$/tonne) Cash 2071.00 2071.00 3 months 2091.00 2091.00 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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  • executive Money
    • Article, Illustration
      Lock icon Billions not a must-have for angel investors
      1662 28  -  A little risk, a lot of research and a few big wins ensure wings don’t get singed By PAUL SULLIVAN Bloomberg JUST about every major tech success –from Facebook to LinkedIn to Instagram started with angel investors taking a chance. These risk-takers ended
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    • Article, Illustration
      Lock icon Wall St’s ‘takeover’ of P2P loan business sparks concerns
      1370 28  -  Big players’ entry runs counter to peer-to-peer lending’s original notion By AMY CORTESE NYT IT was that rare thing, scarcely seen in the financial world since the debut of the ATM or microfinancing: an innovation to help regular people. When peer-to-peer,
      NYT; FILE PHOTO  -  1,370 words
    • Article, Illustration
      Lock icon Philippines seen having best prospects
      638 29 Longest stretch of inflows into equities since 1999 a sign of growing investor confidence: Security Bank Bloomberg THE longest stretch of inflows into Philippine equities since at least 1999 shows growing confidence among foreign investors that the economy has the best prospects in Asia, according
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      Lock icon Trading in junk bonds on the rise
      436 29 Money managers say there’s too much risk in credit markets Bloomberg [NEW YORK] The more than doubling of their money since 2 008 has some junk-bond investors getting restless. Trading in the highestrisk corporate debt is climbing as money managers show a willingness
      Bloomberg; PHOTO: AFP  -  436 words
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      279 30 STPROPERTY FORUM REAL ESTATE PROFESSIONALS, EARN 2 NON-CORE CPD CREDIT HOURS* REAL ESTATE OPPORTUNITIES RISE UP TO THE CHALLENGES IN THE SINGAPORE PROPERTY MARKET What strategies can agents, developers and investors take to overcome challenging real estate market conditions? Hear what our panel of experts have to say and let
      279 words