The Business Times, 13 May 2014

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Microfilm: NL33138
Total Pages: 39
1 40 The Business Times
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  • Title Section
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    18 1 THE BUSINESS TIMES www.businesstimes.com.sg TUESDAY, MAY 13, 2014 S$1.00 MCI (P) 085/08/2013 S|3l A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article
    Lock icon SATS calls off deal to buy cruise centre
    33 1 SURPRISE SHIFT AIRPORT and cruise terminal services operator SATS has pulled out of its agreement to purchase the Singapore Cruise Centre from Temasek Holdings. 2
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  • Article
    Lock icon OCBC offers cash transfer via Facebook
    35 1 MOBILE MONEY CUSTOMERS can send as much as $100 daily to any bank account in Singapore through a link via Facebook, a phone number, or an e-mail address. 4
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  • Article
    Lock icon Pacific Andes Q2 profit falls 46% to HK$174.1m
    33 1 SLIPPERY SLOPE THE frozen fish supplier and its subsidiary, China Fishery, take a hit from increased financing costs related to the latter’s Copeinca acquisition. 9
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  • Article, Illustration
    Lock icon Sell in May and go away comes with caveats
    683 1  -  BT analysis shows the stockmarket adage holding true in general but with a S’pore twist By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore “SELL in May and go away” may not be just an old saying. Followers of that adage would have come
    BT Graphics  -  683 words
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      63 1 the business www. usinesstimes.com.sg PROPERTY KOP Ltd outlines new strategies 7 Click away at online platform Art Loft SME INC, PAGE 16 Classique Chronograph 5287 m ’Isa m llW mel£) Depuis 1775 INCERE ESI? 1954 SINCERE FINE WATCHES Takashimaya S.C. Ngee Ann City +65 6733 0618 Scotts Square +65 6636
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      19 1 usinesstimes.com.sg TUESDAY, MAY 13, 2014 S$1.00 MCI (P) 085/08/2013 CHARITY FUNDING BT Budding Artists Fund celebrates 9 years 14
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      9 1 RESIDENTIAL PROPERTY Private non-landed prices at 16-month low 13
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 HSTI 3,222.43 (-29.70) HSTI FUTURES 3,221.00 (-23.00) HSIMSCI 366.24 (-3.08) HSIMSCI FUTURES 366.70 (-2.00) Friday Change KL COMP 1,866.08 -0.64 NIKKEI 225 14,149.52 -50.07 HANG SENG 22,261.61 +398.62 SET 1,375.14 -2.23 JAKARTA 4,913.00 +14.86 MANILA 6,811.34 -35.92 KOSPI 1,964.94 +8.39 SHENZHEN B 814.72 +6.02 MUMBAI IND 23,551.00 +556.77 12
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.156 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        50 2 FOREX US$ S$ US$ (S$ per US$) 1.250 (US$/S$ per 1.687 2.109 EURO (US$/S$/€ 1.377 1.721 Foreign currency per US$ S$ YEN 101.90 81.50 RM 3.236 2.589 HK$ 7.752 6.202 BAHT 32.65 26.12 RUPIAH 11,525 9,222 RENMINBI 6.235 4.989 INDIAN RUPEE 59.74 47.80 A$ 1.067 0.853 NZ$ 1.159 0.927
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    • Article
      Lock icon SATS exits deal to buy cruise centre
      555 2  -  Company cites ‘market developments’; competition watchdog informed By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore AIRPORT and cruise terminal services operator SATS has pulled out of its agreement to purchase the Singapore Cruise Centre (SCC) from Temasek Holdings. Under an agreement reached in September last
      555 words
    • Article
      Lock icon Temasek plants US$500m seed to grow hedge funds
      548 3  -  Venture allows funds to use partner Dymon’s existing back-end support By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore ARE you a capable investor too put off by today’s compliance burdens to start your own hedge fund? Temasek Holdings has news for you. The Singapore
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    • Article, Illustration
      Lock icon OCBC offers cash transfer via Facebook
      825 4  -  Free mobile banking service allows $100 a day to be sent to any bank account here By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore IF you were going to cull people from your Facebook friends’ list, you might want to hold off until they have paid
      BT Graphics: Hyrie Rahmat; Source: OCBC  -  825 words
    • Article, Illustration
      Lock icon Modi on course to become India’s next PM
      676 6 Exit polls predict his opposition party and its allies will sweep to a parliamentary majority in election Reuters Bloomberg New Delhi HINDU nationalist Narendra Modi is set to become India’s next prime minister, exit polls showed yesterday, with his opposition party and
      Reuters; Bloomberg; PHOTO: AFP  -  676 words
    • Article
      Lock icon Thai interim PM hopes to hold election soon
      474 6 Elections first, reforms later, says Niwatthamrong Reuters Bangkok THAILAND’S interim prime minister yesterday expressed hope that February’s annulled general election could be re-run soon, and said that anti-government protesters would not succeed in getting the Senate to impose an alternative premier. Ousted
      Reuters  -  474 words
    • Article
      Lock icon M’sia industrial output expands at slower pace
      448 7  -  Production grows at 4.3% in March, falling short of the street’s 4.5% expectation By S Jayasankaran btworld@sph.com.sg Kuala Lumpur MALAYSIA’S industrial production expanded at a slightly slower 4.3 per cent in March, compared to a year ago, falling short of the street’s 4.5
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    • Article, Illustration
      Lock icon KOP Ltd to focus on mixed-use devts in key China cities
      820 7  -  Construction of Shanghai project may begin around Q1 201 5 By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore SCORPIO East Holdings, now known as KOP Limited, following a $150 million reverse takeover, will focus on large entertain-ment-driven, mixed-use developments in key
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    • Article, Illustration
      Lock icon Drought, El Nino could cause spike in palm oil prices
      724 8 Dry weather could hit Indonesia, Malaysia production by as early as Sept: analyst AFP Jakarta SOUTH-EAST Asia’s booming palm oil industry is facing a double blow from a recent drought and a possible El Nino weather phenomenon later this year,
      AFP; PHOTO: AFP  -  724 words
    • Article
      Lock icon Abenomics’ effect shows in robust profits
      508 8  -  Weaker yen after monetary expansion results in hike in Japan Inc’s profitability By Anthony Rowley btworld@sph.com.sg Tokyo IMPROVEMENTS to Japanese corporate profitability under Abenomics have emerged in the financials of companies leading Japanese engineering and electrical group Hitachi has recorded a more than 50
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      31 2 CONTENTS NEWS Top Stories 2-7 Companies 8-12 Singapore 13-14 SME Inc 15-16 World 17-25 Aviation 26 Crosswords 26 Shipping News 27 Shipping Times 28-29 Perspective 30-31 Stocks Stats 32-36 Property 37-40
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      239 3 STAND HIGHER Join the World Class Professor Milind Rao PhD, Columbia University Professor of Business Practice, Department of Economics HKUST Business School Join our SAMPLE CLASS THE US-CHINA-JAPAN NEXUS Synopsis: In the past two decades there has arisen a powerful and symbiotic relationship between the US, China and Japan involving
      239 words
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      2296 5 QTVascular QT VASCULAR LTD. Company Registration No. *****591 1 K (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of QT Vascular Ltd. will be held at QT Vascular Pte Ltd., 3A International Business Park, #09-10/11/12 ICON IBP Tower
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      101 8 IN THE COURT OF FAMILY COURT ,MADURAI, India HMOP .No.769/2013 Between K.N.Rakesh Petitioner Vs VJS.Lakshmi Dhaya Respondent NOTICE The above HMOP is pending before the Family court, Madurai, South India for divorce between the petitioner and respondent, the Hon’ble court ordered for paper publication in the English daily for the
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  • COMPANIES
    • Article
      Lock icon Pacific Andes Q2 profit falls 46% to HK$174.1m
      547 9  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SECOND-QUARTER earnings for frozen fish supplier Pacific Andes Resources Development (Pard) and its subsidiary, China Fishery, took a hit from increased financing costs relating to the latter’s Copeinca acquisition. Pard’s net profit fell 46 per cent
      547 words
    • Article
      Lock icon SIAS holds dialogue for CMA shareholders, execs
      256 9  -  200 shareholders discuss delisting offer with key management By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MORE than 200 shareholders of CapitaMalls Asia (CMA) turned up at a dialogue session yesterday with key management executives of CapitaLand to discuss the delisting offer for CMA. The
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    • Article
      Lock icon Cordlife’s Q3 profit up 24.4% at $1.5m
      325 9  -  By Mindy Tan tan m i n dy@s p h .co m .sg @MindyTanBT Singapore CORDLIFE Group’s net profit for the third quarter ended March rose 24.4 per cent from $1.2 million to $1.5 million. Revenue rose 64 per cent from $7.2 million
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    • Article, Illustration
      Lock icon Banks, Jardine slice almost 1% off STI
      657 10  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent IT COULD be that yesterday’s 29.7-point or 0.9 per cent loss for the Straits Times Index at 3,222.43 was in anticipation of a Monday slide on Wall Street. Or because the banks were among the prime
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    • Article
      Lock icon ComfortDelGro Q1 profit increases 9.7% to $63.3m
      535 10  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore TRANSPORT operator ComfortDelGro posted a 9.7 per cent year-on-year increase in net profit to $63.3 million for the first quarter ended March 31, 2014. Revenue rose 9.2 per cent to $950.8 million. The top line was boosted
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    • Article
      Lock icon TOP 20 ACTIVES
      195 10 VOL CLOSE HanKore Env 483,464 9.5 0.7 8 0 Advance SCT 1 56,834 0.2 0.0 0 0 Otto Mar i ne 53,195 7 2 0.7 8 9 Char i sma Energy 31,113 5 0.1 2 483,464 .0 Transcu Grp 26,700 0.2 0.0 0 0 W Corp 24
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    • Article
      Lock icon STI STOCKS
      122 10 Stock name Close Change CapitaLand 3.040 -0.030 CapitaMall Trust 2.020 +0.010 CapitaMalls Asia 2.210 +0.010 CityDev 10.78 -0.130 ComfortDelGro 2.120 +0.080 DBS Grp 16.65 -0.430 Genting Sing 1.325 -0.005 Global Logistic 2.740 -0.010 Golden Agri-Res 0.600 +0.010 HPH Trust USD 0.685 +0.005 HongkongLand USD 6.920 +0.160 JMH 400
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    • Article
      Lock icon TOP GAINERS
      65 10 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 451.0 3.1 Lyxor Indonesia10US$ 9000 117.4 1.1 SPDR DJIA 10US$ ***** 80.0 0.4 SPDRS S&P 500 10US$ ***** 77.5 0.3 Lyxor AsiaIT 10US$ 3598 55.0 1.2 DBXT MSINDIA 10US$ 935 52.5 4.7 DBXT FTChina25 10US$ 2754 48.7 1.4 DBXT MSKorea
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    • Article
      Lock icon TOP LOSERS
      63 10 BY CENTS CLOSEDOWN DBXT iBoxxSvEu 5US$ ***** -197.4 -0.6 JMH 400 USD 6000 -162.4 -2.1 DBXT FTVietnam 10US$ 2472 -146.2 -4.5 JSH 500 USD 3410 -123.7 -2.8 DBXT EONIA 5US$ ***** -92.5 -0.4 DBXT iBoxxKR 5US$ ***** -80.0 -0.4 DBXT iBoxxUSTr 5US$ ***** -48.7 -0.2 UOB 2200 -45.0
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    • Article
      Lock icon Penguin’s Q1 profit surges on higher revenue
      246 11  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore MARINE and offshore firm Penguin International posted an enormous surge in first-quarter profit from continuing operations at $7 million, up from $1.5 million for the corresponding quarter the previous year. This upswing came on the back of
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    • Article
      Lock icon Super Group shares fall after reporting 19% drop in earnings
      310 11  -  Branded consumer segment sales hit by unrest in Thailand, the division’s largest market By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SHARES of Super Group fell 4.72 per cent, or 16 cents, to $3.23 yesterday after it announced that its first-quarter earnings
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    • Business briefing
      • Article
        Lock icon Asiasons posts Q1 loss
        91 11 SGX-LISTED investment management company Asiasons Capital reported a first-quarter net loss of $1.95 million, compared with a net profit of $1.76 million a year earlier. The group, recently in the middle of a penny-stock crash investigation, earned revenue of $3.39 million for the three months ended
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      • Article
        Lock icon Update on Temasek’s Olam bid
        60 11 TEMASEK has received valid acceptances as at 5pm yesterday for approximately 320.3 million Olam shares, representing 13.3 per cent of the total issued share capital of the company and 11.8 per cent of its maximum potential share capital, and approximately 109.3 million warrants, representing 27.5
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      • Article
        Lock icon Kim Heng Q1 net inches up
        59 11 KIM HENG Offshore Marine’s first-quarter net profit edged up $0.5 million to $3.9 million. Revenue for the three months ended March 31 rose 10.3 per cent to $23.6 million, due to an increase in revenue from its offshore rig services and supply chain management
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    • Article
      Lock icon Goodpack’s Q3 profit increases 20.2% to US$13.1m
      259 11  -  By Jaira Koh jairakoh@sph.com.sg Singapore INTERMEDIATE bulk container-pro-vider Goodpack Ltd posted a 20.2 per cent year-on-year increase in net profit for the third quarter ended March 31, 2014. Net profit rose to US$13.1 million, or 2.33 US cents per share, for the quarter.
      259 words
    • Article, Illustration
      Lock icon FCL unveils details of new trust
      587 12  -  Hospitality trust will have an initial portfolio of six serviced residences and six hotels By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE hospitality trust to be listed by Frasers Centrepoint Limited (FCL) will have an initial portfolio of six serviced residences and six hotels spanning
      BT FILE PHOTO  -  587 words
    • Article, Illustration
      Lock icon Hiap Hoe’s Q1 earnings surge to $354.2m
      319 12  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore REAL estate group Hiap Hoe’s net profit for the first quarter ended March 31, 2014, surged to $354.2 million from $10.2 million a year earlier. This was boosted by the recognition of negative goodwill of $148.7 million
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    • Article
      Lock icon Aspial Q1 net more than doubles to $28m on fair value gain
      339 12  -  By Carine Lee carinel@sphcom.sg @CarineLeeBT Singapore ASPIAL Corporation’s net profit for the fiscal first quarter ended March 31, 2014, more than doubled to $27.78 million on fair value gain on investment properties. The investment holding company engaged in
      339 words
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      107 9 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
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      69 11 www. comexshow. com .sg SINGAPORE’S LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IS BACK! 28 31 August 2014 SUNTEC Singapore Levels 3, 4 6 Sell your tech products services to over 600,000 consumers directly Leverage on an unrivalled publicity campaign Book Your Space NOW! *Limited BoothsAvailable (ORGANISER OF IT SHOW,
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  • SINGAPORE
    • Article
      Lock icon Private non-landed prices at 16-month low
      515 13  -  Transaction volume in April goes in the opposite direction with 24.6% rise By Andrea Soh sandrea@sph.com.sg @AndreaSohBT IN an indication that sellers are becoming more realistic about reduced demand, resale prices of non-landed private homes slipped 1.7 per cent in April, touching a 16-month
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    • Article
      Lock icon MPA launches summer maritime-focused internship
      481 13  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT THE Maritime and Port Authority of Singapore’s (MPA) first summer internship programme drew considerable interest, as the government agency teams up with employers here to encourage younger Singaporeans to join the sector and help solve its talent crunch. Yesterday, the
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    • Article, Illustration
      Lock icon orchardgateway gears up for GSS
      456 13  -  By Kara Quek karaquek@sph.com.sg NEW fashion mall orchardgateway is nearly 100 per cent occupied just in time for it to take part in the mid-year Great Singapore Sale (GSS). The main shopping wing of the mall, sandwiched between 313 Somerset and Orchard Central, has frontages
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    • Article
      Lock icon NTU and NUS climb Asia rankings
      454 14  -  NUS emerges as top Asian university, NTU jumps to 7th in Asia By Lisabelle Tan lisatan@sph.com.sg THE National University of Singapore (NUS) and Nanyang Technological University (NTU) have scaled up in rank in a list of Asia’s top 10 universities compiled by Quacquarelli Symonds
      454 words
    • Briefing
      • Article
        Lock icon MDA seeks views on co-regulating arts sector
        145 14 THE Media Development Authority (MDA) has launched a public consultation on its proposed amendments to the Public Entertainments and Meetings Act. Currently, arts event organisers apply for individual licences for each event that they hold, and the MDA classifies its content. The agency
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      • Article
        Lock icon NAC appoints new deputy chief executive
        66 14 POET and director of the Singapore Writers Festival Paul Tan has been appointed as the National Arts Council’s (NAC) deputy chief executive, reported straitstimes.com. Mr Tan, also NAC’s current director of visual arts, replaces Yvonne Tham, who has been appointed assistant chief executive of
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    • Article, Illustration
      Lock icon BT Budding Artists Fund celebrates 9 years
      441 14  -  By Helmi Yusof helmi@sph.com.sg THE transformative power of the arts was evident at last Friday’s ninth anniversary celebration of The Business Times Budding Artists Fund. Some 40 children from low-income families confidently displayed a wide array of artistic skills, from singing and dancing
      PHOTO: THE LITTLE ARTS ACADEMY  -  441 words
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  • ACCA ANNUAL CONFERENCE
    • Article, Illustration
      Lock icon Make enemies, think up stupid ideas: futurologist
      567 15 MAKE war, not love that’s the strategy for a successful business in a world of rapid technological change, according to futurologist and trend-spotter Magnus Lindkvist. “You start making enemies when you create The sign that you’re doing something new is that people don’t
      567 words
    • Article, Illustration
      Lock icon Minister excited about impending changes in accounting profession
      408 15  -  Josephine Teo notes that new opportunities will offer sector more meaning and fulfilment Reports by Michelle Quah michquah@sph.com.sg @MichelleQuahBT WITH the world of business undergoing change wrought by technological development, how can the accounting profession which supports business adapt to such change
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  • SME INC
    • Article, Illustration
      Lock icon Click away to browse this gallery’s pieces
      1403 16  -  At online platform Art Loft, art is made fun, affordable, and accessible to everybody By Kara Quek karaquek@sph.com.sg Singapore TEPPING out beyond the four walls of the traditional art gallery, the founders of Art Loft aim to show and present art in a
      PHOTO: ARTHUR LEE  -  1,403 words
    • Article, Illustration
      Lock icon Using Big Data to make better decisions
      1328 17  -  The advent of digitised information enables firms to move from the era of information to the era of insight By Keith Carter ~The writer is an adjunct associate professor of decision sciences at NUS Business School. A version of this article was first
      PHOTO: REUTERS  -  1,328 words
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  • WORLD
    • Article
      Lock icon Giant banks implore authorities to go easy
      680 18 BNP and Credit Suisse, facing threat of criminal charges, mount final bids for leniency NYT New York TWO of the world’s biggest banks, facing the threat of criminal charges, are mounting final bids for leniency. To avoid the fallout from pleading guilty no
      NYT  -  680 words
    • Article
      Lock icon Spain unveils bank line-up for inaugural linker
      273 18 IFR London SPAIN is selling its first euro benchmark inflation-linked bond this week, the second eurozone country to do so this year. “This is something they have been considering for a long time and it comes on the back of the success of
      IFR  -  273 words
    • Article, Illustration
      Lock icon ECB seen to ease monetary policy despite better economy
      572 18 Draghi expected to go ahead with rate cuts, liquidity injections Bloomberg Frankfurt THE euro area’s fastest economic growth in three years probably will not be enough to stop Mario Draghi from easing monetary policy. Even with data this week predicted to
      Bloomberg; PHOTO: BLOOMBERG  -  572 words
    • Article
      Lock icon Japan current account surplus for 2013 at record low
      373 19 Income surge from overseas investment makes up for weak exports, higher imports Bloomberg Tokyo JAPAN’S current-account surplus shrank last fiscal year to the smallest on record, highlighting challenges for Prime Minister Shinzo Abe in driving a recovery in the world’s third-largest
      Bloomberg  -  373 words
    • Article
      Lock icon Business confidence improves in Australia: survey
      144 19 Reuters Sydney A MEASURE of Australian business conditions dipped slightly in April but confidence unexpectedly improved despite the prospect of big spending cuts and tax hikes in the federal government’s May 13 budget. National Australia Bank’s (NAB) survey of more than 400 firms showed
      Reuters  -  144 words
    • Article, Illustration
      Lock icon Rusal expects to reach deal on US$3.6b debt
      487 20 Aluminium giant is struggling to repay loans amid depressed prices; it calls on major producers to cut output Reuters Hong Kong ALUMINIUM giant United Company Rusal plc said it expects to reach an agreement with lenders soon to revise the terms of
      Reuters; PHOTO: REUTERS  -  487 words
    • Article
      Lock icon UK employers to recruit at fastest pace since 2007
      363 20 Reuters London BRITISH employers plan to hire staff at the fastest rate since the early days of the financial crisis, a business survey showed yesterday, in a further sign that the economy is picking up speed. The Chartered Institute of Personnel
      Reuters  -  363 words
    • Article
      Lock icon UK business lobby revises growth forecasts upwards
      299 20 Reu ters London BRITAIN’S top business lobby upgraded its economic growth forecasts for this year and next yesterday and said it expects to see marked improvements in British business investment and productivity. The Confederation of British Industry predicted that Britain’s economy will grow
      Reuters  -  299 words
    • Article, Illustration
      Lock icon IBM working on next generation of growth
      830 21 Company has dropped less profitable business and made major commitments in new fields, says CEO NYT New York THIS is a “rocky time” for IBM. That is the frank verdict from Virginia Rometty, the technology giant’s chief executive. In recent years, revenue growth
      NYT; PHOTO: REUTERS  -  830 words
    • Article
      Lock icon China e-commerce basks in Alibaba IPO glow
      560 22 Warehousing is viewed as weak link in supply chain; private equity firms eyeing investments Reuters Hong Kong ALIBABA Group Holding Ltd’s plans for a giant initial public offering in New York highlight vast potential for e-commerce in China and the weak link the
      Reuters  -  560 words
    • Article, Illustration
      Lock icon Art Basel puts spotlight on Hong Kong
      500 22 AFP Hong Kong HONG Kong’s tallest building will transform into a glowing art installation this week, a beacon showing off the city’s ambition to be recognised as a major cultural hub with its second Art Basel fair. With its knack for bringing in
      AFP; PHOTO: AFP  -  500 words
    • Article
      Lock icon Swiss business wary over minimum wage vote
      467 22 Reuters Zurich SWISS business leaders, shocked by past popular votes to cap executive pay and curb immigration, are wary of a May 18 referendum that could see Switzerland adopt the world’s highest minimum wage of nearly US$25 an hour. A recent opinion poll
      Reuters  -  467 words
    • Article, Illustration
      Lock icon Large portion of Taiwan’s yuan deposits sitting idle
      826 23 More investment options needed to make renminbi global currency: banks Bloomberg Taipei YUAN deposits in Taiwan that surged fivefold in the past year are mostly sitting idle, according to global banks who say more investment options are needed to make the renminbi
      Bloomberg; PHOTO: AFP  -  826 words
    • Article
      Lock icon Only 1 in 10 auditors in M’sia want to be partner
      496 24  -  Most take audit firms as stepping stone to commercial sector By Pauline Ng btworld@sph.com.sg Kuala Lumpur SO challenging and onerous has auditing become that only one in 10 auditors in Malaysia wants to become an audit partner even if
      496 words
    • Article, Illustration
      Lock icon China’s young migrants more eager for city work: survey
      392 24 Reuters Beijing CHINA’S young rural migrant workers are more eager to work in cities, and are spending more and saving less, an official survey showed yesterday, a trend that could boost Beijing’s efforts to urbanise and re-balance the economy in the
      Reuters; PHOTO: BLOOMBERG  -  392 words
    • Article
      Lock icon New Indian govt will have to tackle gas, tax spats
      615 24 Bloomberg Mumbai INDIA’S next government faces an early test of its ability to boost economic confidence after Reliance Industries Ltd and Vodafone Group plc sought arbitration to resolve high-profile disputes. Reliance, operator of the nation’s biggest gas field, issued an
      Bloomberg  -  615 words
    • Article
      Lock icon Widodo fuel subsidy plan seen as best option
      556 25 Indonesian presidential front-runner would cut fuel subsidies over a few years and ease pressure on budget deficit Reuters Jakarta INDONESIAN presidential frontrunner Joko “Jokowi” Widodo’s plan to slowly reduce fuel subsidies over the next few years is the best option to ease
      Reuters  -  556 words
    • Article
      Lock icon Nine nickel-processing plants may be completed this year: Jakarta
      368 25 Bloomberg Jakarta INDONESIA forecasts that nine nickel-processing plants may be completed this year after the largest mined producer banned raw ore exports in January, spurring a rally in refined prices to the highest level since 2012. The plants comprise two ferronickel
      Bloomberg  -  368 words
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      135 19 We need 7 more CEOs to play Twenty-five CEOs have signed up for The BT-Coca-Cola World Cup Charity Drive. We need seven more to make it 32, so that each CEO can be assigned to a team when the Fifa World Cup kicks off in Brazil from June 12 to
      135 words
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      63 21 coyaoooa? 26-28 May 2014 Traders Hotel, Yangon r Join us at the international property exhibition! a Contact Lily at +65 6548 5372 or email at lily@sphereconferences.com to receive an exclusive invite* to the exhibiton *Terms and Conditions apply Building Realities Your gateway to trends and investment opportunities in Myanmar's real
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      34 21 MAY ISSUE OUT NOW! INTHISISSUE "4908:0(( 038&;-0875&: :9**8*68 EASY VIDEO EDITING WITH FREE! Receive a set of Red Monster Gangnam Power 3000 worth $119.80 with a 1-year print subscription while stocks last. 5<!<= www.hardwaremag.com
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  • Page 23 Advertisements
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      54 23 youv\<3 A^#v\cis ACADEMY 2014 Participate in the NO. 1 CHILDREN'S EDUCATION SHOW! Suntec Singapore 6-8 June 2014 111am 9pm BOOK NOW! Limited Booths available! IV k 1 ■w > 4 For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg www.thekidzacademy.com.sg Organised by:
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      85 23 26 29 June 2014 SUNTEC Singapore Halls 401 404 Looking to sell your food products, cooking solutions, kitchen appliances accessories to an expected turnout of 250,000 visitors? fb.com/singaporefoodshows Book Your Space NOW! *Limited Booths Available For more information call *****620 or Email: sales@exhibitsinc.com.sg foodandkitchen.com.sg Organised By: Our Food Shows: (Organiser
      85 words
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      120 25 e WsGPF^' Singapore Gifts Premiums Fair 2014 16 -18 July 2014 Marina Bay Sands, Singapore See a huge variety of new and innovative products on display providing inspirational promotional ideas! “Free Admission! Register at www.SGPFair.comi/visitl I To Exhibit: Email: SGPFair@bizlink.com.sg Tel: (65) 6848 5939 www.SGPFair.com Organised By: B| kl Join
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      95 25 I Wm j^lhh.imhck A Culinary Institutes f. Kitchen Equipment Institutional Caterer Are you a vendor for any of the above categories? Food Services in Asia 2014^ P* 6-^f.Oy Better Selections 23 -25 June 2014 Suntec, Singapore Looking for More Business Opportunities in the Healthcare Sector? Our event provides you an
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  • AVIATION
    • Article
      Lock icon Inmarsat offers free airline tracking service
      493 26  -  The proposal, which will cover the global long-haul commercial fleet, comes in the wake of MH370’s disappearance By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore COMMUNICATIONS satellite operator Inmarsat has proposed a free global airline tracking service which will work over its network, amid strident calls
      493 words
    • Article
      Lock icon Row over costs may hinder safety response
      358 26 Reuters Paris THE United Nations is leading a high-lev-el effort this week to improve the way aircraft are tracked to address public concerns over the disappearance of a Malaysia Airlines passenger jet. But the official response to missing Flight MH370 and a similar
      Reuters  -  358 words
    • Article
      Lock icon MAS mulling over sale of engineering division: report
      303 26 Kuala Lumpur MALAYSIA Airlines (MAS) is believed to be mulling over the idea of selling MAS Engineering as part of its plan to return to profitability. The spin-off of the non-core business division will allow the ailing carrier to pump the proceeds
      303 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      320 26 CRYPTIC CROSSWORD Across 1 Add to enclosure (8) 5 Small edition short run (6) 10 Early star or moon excited eminent scientist? (10, 5) 11 Provide improved accommodation for her over by river in York (7) 12 Boxer’s second name’s Rex (7) 13 Jokes about stable guy heading for reunion
      320 words
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  • SHIPPING
    • Article
      Lock icon Huge food cargoes to Iran stuck in transit
      756 27 Payment problems have resulted in dozens of ships having to wait at country’s ports for several weeks Reuters London PAYMENT problems are disrupting commercial food cargoes to Iran, with hundreds of thousands of tonnes of grain and sugar stuck in transit, as
      Reuters  -  756 words
    • Article
      Lock icon Rates for iron ore-laden ships seen jumping 70% by June
      484 27 Rates for iron ore-laden ships seen jumping 70 by June Bloomberg London THERE’S so much cheap iron ore flooding into China that rates for the ships that carry it are forecast to jump almost 70 per cent by June, even as the world’s sec-ond-biggest economy grows at the slowest rate
      Bloomberg  -  484 words
    • Article
      Lock icon TRANSPORT STOCKS
      240 27 SGX '000 May 12 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.28 0.01 184 Cosco Corp 0.74 unch 3763 Cwt Limited 1.56 -0.01 466 Vol First Ship Lea 0 42 Grand Banks 0.25 unch 423 Jaya Hold Ltd 0.80 0.01 387 K1Ventures 0.20 unch 1747 Keppel Corp
      240 words
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      27 27 One million sets sold in a month Hainan launches Chinese Premier's "Set Snack Meal" Chinese Premier's "Set Snack Meal' To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Article
    Lock icon SHIPPING TIMES
    1198 28 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TYSLA FF417 30/04 03/05 05/05 08/05 13/05 19/05 TALISMAN FF420 19/05 23/05 25/05 27/05 02/06 08/06 SALOME FF421 31/05 02/06
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Real and virtual classroom
      917 30 / 31  -  Blended learning’s real power is in transforming a largely passive method of learning into a truly interactive one. By Darren Hanson By Darren Hanson ~The writer is a visiting associate professor in the Department of Management and Organisation at NUS Business School. This article was written
      PHOTO: AFP  -  917 words
    • Article, Illustration
      Lock icon Your hand grip tells how fast you’re ageing
      795 30 / 31  -  By Warren Sanderson, Sergei Scherbov ~The writers are professor of economics at Stony Brook University and director of demographic analysis at Austrian Academy of Sciences, respectively The Conversation NEW research we’ve done into ageing shows that the strength of your grasp may
      The Conversation; PHOTO: ARTHUR LEE  -  795 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8158 32 Transaction date: May 12 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.6 10.4 8Telecom 11.3 unch 5 11.3 11.3 11.3 12.3 6.3 1.1 14.7 54.1 20 3.5 A-Sonic Aero 10.1 unch 159
      8,158 words
    • Article
      Lock icon SGX CATALIST
      2001 35 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 35 22 t 3Cnergy 500 32 unch 20 32 32 32 31.5 28.5 19 t 800 Super 26.5 unch 19 26.5 25 25 26.5 3.2
      2,001 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 35 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 9 2 0 0 0 4 9 2 Manufacturing 37 52 39 8 8 11 45 60 50 Commerce 11 30 19 4 7 2 15 37 21 Tpt/Stor/Comms 15 17 9
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      813 35 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 12 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) China Environment 09-May-14 Prosper Big Intl Ltd Buy 200 0.40 1400 0.19 1600 0.22 China Environment 09-May-14
      813 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 35 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,813 16,813 59,971 59,971 Manufacturing 252,528 111,456 363,984 125,333 10,712 136,045 Commerce 91,552 36,759 128,311 87,206 4,849 92,056 Tpt/Stor/Comms 84,923 802 85,725 179,325 85 179,411 Finance 28,626 921 29,547 265,883 326 266,208 Construction 44,137 55,550
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  • MARKETS
    • Article
      Lock icon LIFFE
      93 36 May 9 COCOA (£/tonne) Close Prev High Low May 14 1771 1784 1786 1770 Jul 14 1791 1799 1799 1784 Sep 14 1798 1807 1805 1793 Dec 14 1800 1808 1806 1792 COFFEE(US$/tonne) Close Prev High Low May 14 2098 2136 2133 2090 Jul14 2093 2134 2129 2084 Sep
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    • Article
      Lock icon METALS
      68 36 May 12 GOLD(US$/oz) May 12 May 09 Hong Kong 1295.00 1294.00 May 09 May 08 London 1287.76 1288.20 1288.53 1289.15 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.66 23.89 Source: UOB Source: UOB PLATINUM Lon (US$/oz) May 09 Close Previous PM Fix 1429.00 1435.00 AM Fix 1431.00
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    • Article
      Lock icon PALM OIL
      60 36 May 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 14 2655.0 2650.0 2655.0 2633.0 117 1556 Jun 14 2601.0 2622.0 2624.0 2600.0 1169 ***** Jul 14 2571.0 2590.0 2592.0 2568.0 ***** ***** Aug 14 2563.0 2575.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 36 May 12 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-16 101.36 5-Year NX*****W 2.5 01-Jun-19 105.53 105.63 105.60 10-Year NX*****H 2.750 01-Jul-23 103.27 103.32
      82 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 36 May 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1710 1.1725 0.9373 0.9378 Canadian dollar 1.1465 1.1480 0.9182 0.9177 Euro 1.7203 1.7219 1.3770 1.3772 NZ dollar 1.0776 1.0790 0.8626 0.8630 Sterling pound 2.1078 2.1099 1.6872 1.6875
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 36 May 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.197 1.140 Can dollar 1.167 1.123 Euro 1.759 1.676 Sterling pound 2.147 2.065 NZ dollar 1.104 1.062 US dollar 1.275 1.215 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article
      Lock icon CHICAGO BOT
      101 36 May 9 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 14 1501.*****4.*****4.*****3.75 Jul 14 1487.00 1469.50 1491.50 1453.00 Aug 14 1422.75 1407.25 1426.25 1394.75 Sep 14 1285.50 1281.00 1288.25 1270.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low May 14 40.98 40.94 41.17 40.90 Jul 14 41.18
      101 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        19 36 YTD change:+1.74% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 36 YTD change: -4.48% 52-week high: 24,111.55 on Dec 2,2013 52-week low: 19,426.36 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 36 YTD change: +0.04% 52-week high: 16,631.63 on April 4,2014 52-week low: 14,551.27 on June 24,2013 (Chart shows Friday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 36 YTD change: -2.98% 52-week high: 2,334.33 on May 29,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 36 YTD change: -13.15% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 12,415.85 on June 13,2013 Source: Bloomberg
        Source: Bloomberg  -  19 words
    • Article
      Lock icon OIL
      68 36 May 09 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 107.66 0.39 WTI (Near Mth) 100.05 -0.20 Dubai (1-Mth F) 104.36 1.07 Tapis blend 112.72 1.16 Minas 109.42 1.16 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.67 0.67 Jet Kerosene 120.33 0.59 US$/barrel OpecOil Basket Price 104.46
      68 words
    • Article
      Lock icon LONDON METALS
      72 36 May 09 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1718.00 1722.75 3 months 1761.50 1766.50 Copper, Grade A (US$/tonne) Cash 6795.50 6770.00 3 months 6745.00 6729.00 Lead (US$/tonne) Cash 2066.25 2074.75 3 months 2085.00 2095.00 Nickel (US$/tonne) Close Previous Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 36 In local curr In S$ In US$ dy yr dy yr dy yr May 9 Index Change Change Change Change Change Change World Preliminary 1192.3 -0.2 0.7 -0.2 0.0 -0.4 1.1 EAFE Preliminary 951.4 -0.1 -0.5 -0.4 -0.2 -0.7 0.8 Europe Preliminary 1389.0 -0.3 2.5
      373 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Latest China property step seen as a way to fight graft
      544 37 Academics confident that unified registration policy will deter and help uncover corrupt officials Xinhua Beijing OFFICIALS and academics have hailed the government’s recently pledged unified real property registration policy, saying that it will help fight corruption. The central government
      Xinhua; PHOTO: BLOOMBERG  -  544 words
    • Article, Illustration
      Lock icon Jumbo loans thrive in US mortgage market
      1239 38 Competition heats up among big banks such as Wells Fargo for above-US$400,000 mortgage loans WP Washington TODD Vitale, a personal trainer who opened his own gym last year, said he was having difficulty getting a mortgage of more than US$700,000 to buy a
      WP; PHOTO: REUTERS  -  1,239 words
    • Article, Illustration
      Lock icon US developers take lead on school construction
      1223 39 A good school makes a tremendous difference in a master-planned community, says project director Bloomberg Los Angeles FIVEPOINT Communities Management Inc is already constructing a school at its Great Park Neighbourhoods project in Irvine, California, for 1,000 elementary and middle school students even
      Bloomberg; PHOTO: BLOOMBERG  -  1,223 words
  • Page 37 Advertisements
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      78 37 Is The Route To YOUR IDEAL JOB Too Complicated? We have the shortcut for you. y rnt r ft n o G Fast track your search at STJobs.sg now! SILVER WINNER Awarded Silver, General Website (Employment) W3 Awards 2013 A product of SPH. Singapore’s trusted media group. Download Our Apps;
      78 words
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  • Page 38 Advertisements
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      68 38 HOT PROPERTY |X R L v 3 en°er F Vod te ct M Sh P00(/ B gy| T Sl 5xMl M ins MRT P No ABSO. Sel(w/3y? s C n 0 CM IDT0w H moUGANG f 3068sTbe‘^e P escape® /carpk entrance a,ator SHOP SPACE FOR SALE Check this and many
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  • Page 39 Advertisements
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      18 39 Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988
      18 words
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      Lock icon Page 39 Advertisements Column 2
      125 39 TRIST& R fTrr a. Tristar Properties Pte Ltd www.tristarproperties.com.sg Prime Good Class Bungalow At District 10 Leedon Vicinity Short walk to Holland Village mins drive to Orchard Land area 15,000 sft approx. Built-in area 10,000 sft approx. 2- storey modern bungalow 6 bedrooms 21 metre lap pool Private and greenery
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  • Page 40 Advertisements
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      511 40 STRATFORD CENTRAL, LONDON Exclusive first launch v THE CITY V.-v .mm». y’- >' < THE STADIUM •w Vv. QUEEN ELIZABETH --V OLYMPIC PARK *5-3 vt.-n -v> r il*H -1*1 v a*'mb. “T i>r« in’ i nw> :m V 52 SSSSflti w sac STRATFORD STATION .1 Xl3 STRATFORD CENTRAL ■•SsSaSi Bi
      511 words