The Business Times, 17 May 2014

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Microfilm: NL33138
Total Pages: 41
1 16 The Business Times
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  • TOP STORIES
    • Article, Illustration
      Lock icon Modi-led bloc trounces Congress party in biggest Indian polls win in 30 years
      789 2 New govt’s first test with markets will be in July Budget, to show it can tame fiscal deficit Reuters Bloomberg New Delhi NARENDRA Modi’s opposition bloc yesterday swept to power with the biggest Indian election win in
      Reuters; Bloomberg; PHOTO: AFP  -  789 words
    • MARKETS
      • Article
        Lock icon STOCKS
        60 2 HSTI 3,262.59 (-9.90) HSTI FUTURES 3,263.00 (-10.00) HSIMSCI 370.58 (-1.08) HSIMSCI FUTURES 370.50 (-1.60) STOCKS Friday Change KL COMP 1,883.34 +3.51 NIKKEI 225 14,096.59 -201.62 HANG SENG 22,712.91 -17.95 SET 1,405.26 +10.05 JAKARTA 5,031.57 +39.94 MANILA 6,817.71 -31.62 KOSPI 2,013.44 +3.24 SHENZHEN B 816.15 +1.24 MUMBAI IND 24,121.74 +216.14
        60 words
      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.303 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
        29 words
      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.253 (US$/S$ per 1.680 2.104 EURO (US$/S$/€ 1.372 1.718 Foreign currency per US$ S$ YEN 101.60 81.10 RM 3.233 2.581 HK$ 7.752 6.189 BAHT 32.52 25.96 RUPIAH 11,420 9,118 RENMINBI 6.233 4.976 INDIAN RUPEE 58.88 47.01 A$ 1.070 0.854 NZ$ 1.158 0.925
        49 words
    • Article, Illustration
      Lock icon Exports rise 0.9% in April, defy forecast of 3.4% fall
      656 4  -  Some economists see uptrend continuing in coming months as global economy picks up By Chuang Peck Ming peckming@sph.com.sg Singapore NON-OIL domestic exports (NODX) kicked off the second quarter with a stronger-than-expected performance, and some economists expect this to continue in
      Source: IE Singapore  -  656 words
    • Article
      Lock icon CapitaLand sweetens delisting offer for CMA with higher price of $2.35 per share
      626 5  -  No further revision to final offer price; closing date of unconditional offer extended from May 26 to June 9 By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CAPITALAND has sweetened its delisting offer for CapitaMalls Asia (CMA) with a
      626 words
    • Article
      Lock icon Clarification
      55 5 IN our story, “SingTel’s Q4 profit up 3.5% to $898m but misses estimates” (BT, May 16), we compared the group’s earnings against Bloomberg’s average analyst forecast of $916.3 million for adjusted net income. We wish to clarify that the direct comparison should be the average analyst forecast of $904
      55 words
    • Article, Illustration
      Lock icon Herbalife thrives despite being under attack
      844 6  -  Nutrition company saw record sales of US$4.8b in 2013; finds sweet spot in Asia-Pac, which contributed one-fourth of total sales By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore UNITED States-listed Herbalife’s president, Des Walsh, may need to step up his marathon workouts, which he does dutifully
      844 words
    • Article
      Lock icon Najib: Bankruptcy an option being considered to restructure MAS
      601 6  -  Airline widens Q1 loss to RM443m, from RM279m in Q1 201 3 By Pauline Ng btworld@sph.com.sg Kuala Lumpur FOR financially ailing Malaysia Airlines (MAS), the tragic loss of the MH370 jetliner could well prove to be the final straw since it
      601 words
    • Article
      Lock icon More PDPA guidelines and initiatives in store
      742 7  -  Three more sectors healthcare, education and social services get directions in run-up to July 2, when new law will fully kick in By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore THE dust continues to settle around the Personal Data Protection Act (PDPA), with three more
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    • Article, Illustration
      Lock icon Do-Not-Call registry: 3,700 complaints filed in less than five months
      276 7  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore SOME 3,700 valid complaints have been filed by the public against organisations since the launch of the Do-Not-Call (DNC) registry on Jan 2. This works out to an average of 27 complaints a day
      276 words
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      49 2 CONTENTS LIVING Style L2-3 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-15 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 Real Estate 31 Design L4-8 Home Garden L9 Dining L10-11 Shopping L12 Health L13 Motoring L14-15 Sports L16
      49 words
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      Lock icon Page 3 Advertisements Column 1
      1037 3 Advertorial Making Succession A Success Personality Matters By Maya Prabhu. Managing Director, Coutts Institute With a heritage spanning over 320 years, Coutts has had the privilege of advising families over generations, and understands that succession is more than just inheritance. While we found that there is no one right way
      1,037 words
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      Lock icon Page 5 Advertisements Column 1
      17 5 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
      17 words
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      56 5 ft A L I iH Inclusive of Shuttle Services to Chinatown and KLCC Book online or call us today! +603 2141 3333 www.swissgarden.com Swiss-Garden Hotel Residences Kuala Lumpur 117, Jalan Pudu, ***** Kuala Lumpur, Malaysia (Located between Bukit Bintang Chinatown) Terms conditions apply. SWlW-GRHDEN HOTEL RESIDENCES KUALA LUMPUR MALAYSIA PJD
      56 words
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      367 7 SUPERBOWL HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Registration No. *****3139W NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twentieth Annual General Meeting of SuperBowl Holdings Limited will be held at Ramada Singapore, Level 2, Zhongshan Meeting Room, 16 Ah Hood Road, at Zhongshan Park, Singapore
      367 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Doing the right thing
      2101 8 / 9  -  Law Minister K Shanmugam is passionate about serving and protecting society, seeing it as the opportunity to make people’s lives better. By Michelle Quah By Michelle Quah michquah@sph.com. sg SIX years ago, K Shanmugam then one of Singapore’s top litigators and an intensely private man consented
      PHOTO: ARTHUR LEE  -  2,101 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Mapletree Investments FY14 earnings down 7.8%
      919 10  -  Turnover down after divestments; FY13 results include disposal gains By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore MAPLETREE Investments, a fully owned subsidiary of Temasek Holdings, has posted net earnings of $859.4 million for the year ended March 31, 2014 (FY2014), down 7.8 per cent from
      919 words
    • Article
      Lock icon STATS ChipPAC shares up 19.5% on news of possible buyout
      457 10  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SHARES of STATS ChipPAC shot up further yesterday in heavy volume on news that a third party has expressed interest to acquire the Temasek-linked semiconductor packaging and testing services company. In a pre-market
      457 words
    • Article, Illustration
      Lock icon SingPost’s Q4 profit up 17.7% to $30.7m
      603 11  -  This was largely due to one-off expenses in the year-ago period By Raphael Lim raphlim@sph.com.sg Singapore SINGAPORE Post (SingPost) recorded a 17.7 per cent year-on-year rise in fourth-quarter net profit, largely due to one-off expenses in the year-ago period. Net profit for the
      ST FILE PHOTO  -  603 words
    • Article
      Lock icon UOB first Asian bank to become Eurex Clearing member
      529 11  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore UNITED Overseas Bank (UOB) is the first Asian bank to become a member of Eurex Clearing, the clearing house for the Deutsche Borse group. This comes as the German exchange operator makes a big push
      529 words
    • Article, Illustration
      Lock icon OCBC appoints new chief risk manager
      287 12  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore OCBC Bank has appointed former Deutsche banker Vincent Choo Nyen Fui as its executive vice-president and chief risk officer with effect from Aug 1, 2014. Mr Choo, 51, will take over from Gilbert Kohnke, who will remain with
      287 words
    • Article, Illustration
      Lock icon SIA to end Riyadh, Cairo flights from late September
      334 12  -  Airline cites poor demand as reason; Jeddah flights via Dubai instead of Riyadh By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) is suspending services to Cairo and Riyadh from late September in response to weak demand. “The difficult decision to
      PHOTO: REUTERS  -  334 words
    • Article
      Lock icon Singapore books first corporate Lion City bond
      322 12  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE has ushered in the first corporate “Lion City” bond, which was priced this week. A Hong Kong subsidiary of Hainan Airlines, China’s fourthlargest airline company, has issued yuan-denominated bonds in Singapore to raise 1.7 billion yuan
      322 words
    • Article
      Lock icon Chemoil to be delisted on Tuesday
      175 12  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore CHEMOIL Energy will officially be delisted from the mainboard of Singapore Exchange from 9am next Tuesday. The marine oil supplier had made known its intention to voluntarily delist in February after it received an offer from Singfuel Investment,
      175 words
    • Article, Illustration
      Lock icon Two-tier market still very much in evidence
      662 13  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE local stock market has for some time been polarised into the very large and the very small with little in between, and this week’s trading was consistent with this pattern. Among the very large blue
      662 words
    • Article
      Lock icon Olam to invest US$61m in cocoa plant
      121 13  -  Reports by Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore OLAM International will be investing US$61 million to establish a new cocoa processing facility in Indonesia, the company said yesterday. With an initial capacity of 60,000 tonnes, the facility will grind Indonesian beans to produce cocoa
      121 words
    • Article
      Lock icon Wilmar JV closer to Goodman Fielder buyout
      168 13 SINGAPORE-based Wilmar International and First Pacific Company are a step closer to their joint takeover of Australian food company Goodman Fielder. Both companies announced yesterday that they are proceeding with due diligence after the Goodman board of directors recommended accepting the bid by
      168 words
    • Article
      Lock icon TOP 20 ACTIVES
      237 13 VOL CLOSE HanKore Env 65 367 9 .6 -0 .2 -2 .0 WE 60 -2.0 728 1 .6 0 .0 0 .0 KLW Hldgs 54 KLW Hldgs 000 3 .2 -0 .3 -8 .6 Noble 53 53,791 126.5 791 1 26 .5 4 .0 3 .3 STATS
      237 words
    • Article
      Lock icon STI STOCKS
      116 13 Stock name Close Change CapitaLand 3.120 -0.010 CapitaMall Trust 2.030 CapitaMalls Asia 2.350 +0.110 CityDev 10.35 -0.250 ComfortDelGro 2.280 +0.010 DBS Grp 16.85 -0.010 Genting Sing 1.340 Global Logistic 2.820 -0.030 Golden Agri-Res 0.585 -0.015 HPH Trust USD 0.715 +0.005 HongkongLand USD 7.040 +0.060 JMH 400 USD 61.40
      116 words
    • Article
      Lock icon TOP GAINERS
      68 13 TOP GAINERS BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 521.0 3.4 DBXT USDIGInfl 5US$ ***** 200.4 0.6 Lyxor ThaiSET 10US$ ***** 119.0 0.8 Lyxor Indonesia10US$ 9353 115.2 1.0 DBXT EONIA 5US$ ***** 80.2 0.3 DBXT iBoxxSvEu 5US$ ***** 78.9 0.2 Lyxor MS India 10US$ 1558 60.1 3.2
      68 words
    • Article
      Lock icon TOP LOSERS
      64 13 BY CENTS CLOSEDOWN SPDR DJIA 10US$ ***** -251.7 -1.2 SPDRS S&P 500 10US$ ***** -205.4 -0.9 DBXT E50 10US$ 5395 -119.0 -1.7 GLD 10US$ ***** -119.0 -0.8 Jardine C&C 4461 -109.0 -2.4 DBXT MSUSA 10US$ 4668 -76.4 -1.3 DBXT AUDCS 5US$ ***** -70.1 -0.3 DBXT MSJAP 10US$ 4354
      64 words
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      239 13 m [«ATS NOTICES Silverstream Capital Management Limited (In Voluntary Liquidation) Company No. (*****91) NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 8th May, 2014. The Liquidator is Malcolm Lim
      239 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon NTU’s MBA gives good value for money
      464 14  -  The Economist calculates ROI of programmes taking into account tuition fees, forgone salary By Lisabelle Tan lisatan@sph.com.sg THE Master of Business Administration (MBA) programme at Nanyang Technological University (NTU) is one of the world’s most value-for-money ones, trumping prestigious US institutions in offering
      Source: The Economist  -  464 words
    • Article
      Lock icon SPH revamps its print classifieds
      311 14  -  By Sheena Tan tsheena@sph.com.sg SINGAPORE Press Holdings’ (SPH) classified ads section will re-invent itself to enable buyers and sellers to find each other easily. Cats Classified will adopt its host newspaper’s identity such as The Straits Times Classified or Berita Harian Classified from today. Each
      311 words
    • Article
      Lock icon April inflation hits 5-month high: poll
      215 14 Reuters Singapore SINGAPORE’S annual consumer inflation rate probably was at its highest level in five months in April, a Reuters poll showed, due partly to higher private transport costs against a low base the previous year. The Reuters poll forecast that the consumer price
      Reuters  -  215 words
    • Briefing
      • Article
        Lock icon Vietnam industrial park situation calm
        77 14 THE situation at the Vietnam Singapore Industrial Park (VSIP) has calmed down, its management said in a statement yesterday. More than 200 of its tenants 60 per cent of the total have resumed operations. Representatives of the Binh Duong People’s Committee, the VSIP management board,
        77 words
      • Article
        Lock icon John Taylor appointed MAS term professor
        78 14 DISTINGUISHED economist John B Taylor was appointed the Monetary Authority of Singapore (MAS) Term Professor in Economics and Finance from May 18-25, 2014. He was jointly appointed by MAS and the National University of Singapore (NUS). Professor Taylor is an ex-US undersecretary for international
        78 words
      • Article
        Lock icon Workbook for Third Sector risk governance
        86 14 RISK and consulting firm RSM Ethos launched a self-authored workbook on risk governance for the Third Sector yesterday. The Third Sector comprises entities that are neither private nor public, such as social enterprises and non-government organisations. RSM Ethos is the corporate risk advisory arm
        86 words
    • Article, Illustration
      Lock icon Modi’s win ‘could bode well for India’
      575 15  -  Govt with clear mandate makes quicker, bolder pro-market decisions: top asset manager By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT A TRIUMPHANT win for Narendra Modi and the Bharatiya Janata Party (BJP) in India’s elections yesterday could bode well for the country’s economy and investment climate.
      575 words
    • Article, Illustration
      Lock icon Costa Sands Resort at Pasir Ris to close in July
      315 15  -  By Kara Quek karaquek@sph.com.sg WITH a new resort at Downtown East slated to open next year, NTUC Club, the recreation arm of the National Trades Union Congress (NTUC), will be shutting its Costa Sands Resort in Pasir Ris. NTUC Club
      FILE PHOTO  -  315 words
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      Lock icon Page 15 Advertisements Column 1
      214 15 Get 30% off the TYLT ENERGI Sliding Power Case from tech@vogue Gallery! Venue: tech@vogue Gallery, 8A Marina Boulevard #B2-26 Marina Bay Link Mall Singapore *****4 Tel: (65) 6634 7807 Website: www.m.tech-vogue.com.sg Terms Conditions: While stocks last. Promotion valid from 17 May 2014 30 June 2014. Merchant reserves the right to
      214 words
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      Lock icon Page 16 Advertisements Column 1
      324 16 A The Sunday Times MyRepublic present Palate-Pleasing A ICc kyEN Wednesday, 4 June 2014,7pm -9.30pm $46 nett per person CHIJMES Hall, 30 Victoria Street, Singapore *****6 Since 1948, Trinchero Family Estates has wooed palates with award-winning wines from the finest vineyards in Napa Valley. On this exclusive evening, you'll savour
      324 words
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  • WORLD
    • Article
      Lock icon Eurosceptics could gain edge in polls
      672 17 Industry lobbyists fear rise of anti-business protest parties in next week’s European parliament elections Reuters Brussels INDUSTRY lobbyists fear the rise of protest parties and anti-EU rebels in European elections threatens to leave them, and the businesses they represent, out in the cold. Europeans
      Reuters  -  672 words
    • Article, Illustration
      Lock icon Startup eyes uber valuation of US$10b
      460 17 Bloomberg New York UBER Technologies is seeking to join the US$10 billion-plus club. The San Francisco-based startup, which makes a mobile application for car service booking, is in talks to raise new financing in a round that may value it at more than US$10
      Bloomberg; PHOTO: REUTERS  -  460 words
    • Article
      Lock icon Credit Suisse to plead guilty in US probe
      598 18 It’ll also pay US$2.5b to settle investigations over helping Americans to evade tax: sources Bloomberg Newark CREDIT Suisse Group is close to reaching an agreement to plead guilty and pay about US$2.5 billion to the US Justice Department and regulators to resolve
      Bloomberg  -  598 words
    • Article, Illustration
      Lock icon Portugal exits bailout; challenges remain
      581 18 Bloomberg Lisbon PORTUGAL exits its international bailout programme today, regaining the economic sovereignty the nation lost after the European debt crisis erupted, while facing enduring challenges to its finances. The Iberian country’s 214 billion euros (S$367.1 billion) of debt is the third highest in the
      Bloomberg; PHOTO: BLOOMBERG  -  581 words
    • Article
      Lock icon Pinterest’s valuation up after it raises US$200m
      201 18 Bloomberg San Francisco PINTEREST Inc raised US$200 million in a funding round that gives the Web-scrapbooking startup a US$5 billion valuation, up from US$3.8 billion seven months ago. The money came from existing investors, including SV Angel, Bessemer Venture Partners, Fidelity Investments, Andreessen
      Bloomberg  -  201 words
    • Article, Illustration
      Lock icon French govt gets powers to block foreign takeovers
      659 19 EU official warns Paris against protectionism; govt move a bad idea, say French employers Reuters Paris THE French government gave itself the power to block foreign corporate takeovers in “strategic” sectors on Thursday, throwing up a potential roadblock to General Electric’s (GE)
      Reuters  -  659 words
    • Article, Illustration
      Lock icon Fast-food workers protest in US, other nations over pay
      524 19 They seek minimum wages of US$1 5/hour and right to unionise Bloomberg Columbus, Ohio FAST-FOOD workers seeking higher pay protested around the globe on Thursday at chains such as McDonald’s, Burger King and Wendy’s amid a broader debate about raising the
      Bloomberg; PHOTO: REUTERS  -  524 words
    • Article, Illustration
      Lock icon Malaysian economy grows 6.2% in Q1
      604 20  -  Growth has been driven by sustained domestic demand, turnaround in net exports By S Jayasankaran Kuala Lumpur MALAYSIA’S real gross domestic product (GDP) in the first quarter of this year expanded at an unexpectedly robust 6.2 per cent, the country’s central bank said. In
      PHOTO: BLOOMBERG  -  604 words
    • Briefing
      • Article
        Lock icon Yudhoyono appoints new economic minister
        78 20 Reuters Jakarta Indonesian President Susilo Bambang Yudhoyono on Friday appointed one of the country’s richest businessmen, Chairul Tanjung, as his chief economic minister. Tanjung, 51, is founder and chairman of CT Corp, and head of the president’s economic advisory body, the National Economic Committee. The
        Reuters  -  78 words
      • Article
        Lock icon China rules take aim at shadow banking
        94 20 Reuters Beijing China is tightening its grip on interbank lending with more expansive rules that include capping the size and maturity of loans, a move to defuse risks in shadow banks and better support the real economy. The new regulations would bring the
        Reuters  -  94 words
      • Article
        Lock icon Macau seeks curbs on China UnionPay card
        100 20 Reuters Macau Macau authorities have urged banks to restrict the use of a Chinese state-backed bank card which racked up US$22.5 billion in transactions last year, a person with direct knowledge of the matter told Reuters, in a bid to curb the increasingly
        Reuters  -  100 words
      • Article
        Lock icon Deutsche Bank’s warning on bad behaviour
        90 20 Bloomberg Frankfurt Deutsche Bank, Germany’s biggest bank, warned employees in an internal video that their behaviour in conversations and e-mails is “falling way short” of its standards, as the company faces regulatory scrutiny. The warning comes after co-CEOs Anshu Jain and Juergen Fitschen pledged
        Bloomberg  -  90 words
      • Article
        Lock icon Thai Senate to choose unelected PM
        94 20 Reuters Bangkok Thailand’s Senate said it was ready to choose an unelected prime minister to end a political deadlock but stopped short of throwing out a beleaguered caretaker government and risking a violent backlash by supporters. A Senate working group has been consulting the
        Reuters  -  94 words
    • Article
      Lock icon Home starts jump after winter slowdown
      330 20 LATEST US DATA Bloomberg Washington THE pace of US home construction jumped in April to its highest level since last November, led by a jump in starts on multi-fami-ly projects, showing builders returned to sites after freezing temperatures restrained work earlier this year. Housing
      Bloomberg  -  330 words
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      30 17 Can you rule with your head heart? Turn to tomorrow’s The Straits Times Recruit to get the full details on a Chief Executive Officer position offered by Mount Alvernia Hospital.
      30 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8161 21 Transaction date: May 16 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 11.8 11.5 12.4 6.3 1 15.3 56.5 20 4.2 A-Sonic Aero 8.6 -0.1 646 8.8 8.6 8.6 8.7
      8,161 words
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      Lock icon SGX CATALIST
      1976 24 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 $mil 35 23 t 3Cnergy 500 32 30 31.5 28.5 19 t 800 Super 25.5 -0.5 20 25.5 25.5 25 26 3.2 3.9 7.9 45.6 4.5
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 7 5 0 0 0 2 7 5 Manufacturing 46 44 41 12 9 5 58 53 46 Commerce 14 22 23 4 2 5 18 24 28 Tpt/Stor/Comms 15 12 13
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      814 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 12 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Sarine Tech 15-May-14 Daniel Benjamin Glinert *Sell 225 2.56 ***** 15.59 ***** 15.53 Teho Intl 15-May-14 Lim
      814 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,028 22,028 64,716 64,716 Manufacturing 355,176 112,010 467,186 166,238 8,570 174,808 Commerce 159,134 107,972 267,106 196,116 5,584 201,700 Tpt/Stor/Comms 121,452 11,477 132,929 169,619 1,473 171,092 Finance 29,337 425 29,762 161,899 128 162,028 Construction 87,238 29,655
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  • MARKETS
    • Article
      Lock icon LIFFE
      93 25 May 15 COCOA (£/tonne) Close Prev High Low Jul 14 1820 1812 1830 1807 Sep 14 1826 1819 1836 1813 Dec 14 1832 1823 1841 1818 Mar 15 1828 1822 1839 1817 COFFEE(US$/tonne) Close Prev High Low May 14 2138 2095 2103 2100 Jul14 2138 2091 2138 2085 Sep
      93 words
    • Article
      Lock icon METALS
      66 25 May 16 GOLD(US$/oz) May 16 May 15 Hong Kong 1298.00 1308.00 May 15 May 14 London 1299.20 1305.20 1300.00 1305.85 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.65 23.88 Source: UOB PLATINUM Lon (US$/oz) May 15 Close Previous PM Fix 1471.00 1472.50 AM Fix 1473.50 1466.00 Source:
      66 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 May 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.198 1.141 Can dollar 1.172 1.127 Euro 1.756 1.673 Sterling pound 2.140 2.058 NZ dollar 1.107 1.065 US dollar 1.276 1.216 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 25 YTD change: +3.00% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 25 YTD change: -2.55% 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 Shanghai Stock Exchange Composite
        21 25 YTD change: -4.23% 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 25 YTD change: -13.47% 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, Illustration
        Lock icon Dow Jones Industrial Average
        26 25 YTD change: -0.78% 52-week high: 16,735.51 on May 13,2014 52-week low: 14,551.27 on June 24,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
    • Article
      Lock icon PALM OIL
      57 25 May 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 14 2642.0 2629.0 2656.0 2623.0 1582 ***** Jul 14 2609.0 2592.0 2622.0 2587.0 9548 ***** Aug 14 2595.0 2580.0 2608.0 2573.0 ***** ***** Sep 14 2589.0 2574.0
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      Lock icon GOVERNMENT SECURITIES
      82 25 May 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.37 5-Year NX*****W 2.5 01-Jun-19 105.94 106.13 106.10 10-Year NX*****H 2.750 01-Jul-23 104.2 104.45
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      Lock icon INTERBANK CURRENCY RATES
      155 25 May 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1704 1.1713 0.9346 0.9350 Canadian dollar 1.1510 1.1520 0.9196 0.9191 Euro 1.7177 1.7185 1.3716 1.3718 NZ dollar 1.0809 1.0820 0.8631 0.8637 Sterling pound 2.1032 2.1047 1.6795 1.6801
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      Lock icon CHICAGO BOT
      105 25 May 15 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 14 1470.25 1486.75 1493.50 1462.50 Aug 14 1401.75 1416.00 1421.00 1393.50 Sep 14 1273.75 1277.00 1283.00 1265.50 Nov 14 1217.75 1222.50 1229.75 1214.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 14 41.04 41.38 41.58
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      Lock icon OIL
      68 25 May 15 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 109.28 -0.11 WTI (Near Mth) 101.51 -0.64 Dubai (1-Mth F) 105.39 0.43 Tapis blend 113.20 0.40 Minas 109.90 0.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.17 -0.39 Jet Kerosene 120.45 0.34 US$/barrel OpecOil Basket Price 105.66
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      Lock icon LONDON METALS
      72 25 May 15 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1733.00 1765.75 3 months 1775.00 1809.00 Copper, Grade A (US$/tonne) Cash 6941.00 6976.00 3 months 6885.00 6920.00 Lead (US$/tonne) Cash 2108.50 2135.50 3 months 2131.00 2158.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr May 15 Index Change Change Change Change Change Change World Preliminary 1192.8 -0.9 0.7 -0.8 0.2 -0.9 1.1 EAFE Preliminary 955.9 -0.6 0.0 -0.4 0.3 -0.5 1.2 Europe Preliminary 1390.8 -0.8 2.7
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  • PERSPECTIVE
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      Lock icon Creating S’pore of tomorrow
      2390 26 / 27 This is the full text of the President’s Address at Opening of Parliament last night THIS Session of Parliament opens at an important moment in our history. Next year, we celebrate our Golden Jubilee. For 50 years since Independence, we have built our homes together, raised
      PHOTO: DESMOND WEE/THE STRAITS TIMES  -  2,390 words
  • Page 26 / 27 Miscellaneous
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      342 26 / 27 SATURDAY with Ludwig I’ve spent a large part of my CPF for sun, sand and sea; and here you are in the shade.’ CRYPTIC CROSSWORD Across 1 Person adored taking time in warm place with Roy perhaps (5-5) 6 Assemble for service (4) 10 Perry introducing leader of backing group
      342 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Cherry-picking assets for a winning strategy
        1302 28 / 29  -  Independent asset manager Crossinvest (Asia) has maintained an impressive record of outperforming comparable discretionary portfolios of big banks for more than a decade. By Genevieve Cua WEALTH INVESTING By Genevieve Cua gen@sph.com.sg TODAY the proposition of an independent asset manager to manage the assets
        PHOTO: ARTHUR LEE  -  1,302 words
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        783 28 / 29 Noble Group Sell UOB Kayhian May 16 Close: $1.265 NOBLE Group (Noble) reported 1Q14 net profit of US$152.3m, tripled y-o-y. The q-o-q performance is not comparable as 1Q14 results were reclassified for the disposal of stakes into joint venture companies with COFCO. The variance with our forecast is
        783 words
    • WEALTH REAL ESTATE
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        Lock icon Househunt
        1114 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 2 AND APRIL 8, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 5 NON-LANDED Botannia Apt 03/04/2014 956 1292 1600 1239 Hundred Trees Apt 07/04/2014 956 1163 1550
        1,114 words
      • Article, Illustration
        Lock icon US developers go big on elderly housing
        989 31 Supply glut feared as demand from ageing baby boomers may be years away, say analysts Bloomberg Chicago REAL estate developers are betting big on US housing for the elderly, preparing for a surge in demand as the population of senior citizens almost doubles
        Bloomberg; PHOTO: BLOOMBERG  -  989 words
      • Article
        Lock icon Labour’s rent control may put off investors
        357 31 Bloomberg London A PLEDGE to introduce rent controls by Britain’s opposition Labour party could dissuade companies from investing in the construction of homes for rent, two big landlords have warned. Labour leader Ed Milliband said last month he would bring in rent controls
        Bloomberg  -  357 words
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      104 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE UNIQUE ASYMMETRIC STYLING OF THE AUDEMARS PIGUET MILLENARY COLLECTION HAS TRANSFORMED THE WAY DESIGN ENGINEERS DEVELOP CALIBRES. THIS TRI-DIMENSIONAL MOVEMENT COMBINES PERFORMANCE AND CHRONOMETRY WITH HAUTE HOROLOGY MICRO-DETAILING. IN THE TRANSVERSAL BALANCE-BRIDGE, OPTIMUM SHOCKRESISTANCE IS COMBINED WITH THE ELEGANCE OF
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      57 1 LivingBTTHE BUSINESS TIMES WEEKEND MAY 17-18, 2014 TYKES WITH 'TUDE Enterprising homegrown designers dive into the kidswear business L2-3 DINING Covert operations L10-11 DESIGN Fresh from the Milan Salone L4-5 STYLE Posh and down-to-earth L12 PHOTO ILLUSTRATION: SIMON ANG DESIGN Greenworthy L6-8 MOTORING A grand affair L15 NO HOLDS BARRED
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  • BT Living
    • STYLE
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        Lock icon TYKES WITH ’TUDE
        1382 2 / 3  -  Enterprising homegrown designers are hoping to rake in the big bucks with kickin’ kids’ fashion to match their parents wardrobes. By May Yip By May Yip btnews@sph.com.sg FIRST came the Kate effect. Now, everything that the newly crowned trendsetter Prince George wears is flying off shelves. Babies
        PHOTO: AFP  -  1,382 words
    • DESIGN
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        Lock icon SALONE FRESH
        795 4 / 5  -  In furniture, all roads lead to the annual Milan Salone Internazionale del Mobile, the place to see everything new from designers of home furnishings. Here are ten highlights that will soon be on showroom floors in Singapore. By Tay Suan Chiang Albero bookcase Poltronau Frau Proof, Ion Orchard,
        795 words
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        Lock icon GREENWORTHY
        2071 6 / 7  -  There are some offices that will win hands down for their stylish interiors or quirky designs, but these offices go beyond mere looks. They have also won awards for being green. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Credit Suisse WORKING in the Credit Suisse office
        PHOTOS: YEN MENG JIIN  -  2,071 words
    • HOME & GARDEN
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        Lock icon Beauty in simplicity
        759 9  -  Landscape designer Yamaguchi Yosuke’s gardens are often designed to feel like a blank space simple and clean. By Georgine Verano By Georgine Verano gverano@sph.com.sg LANDSCAPE designer Yamaguchi Yosuke believes in practicality over style when it comes to designing gardens. “I think of the soil, the wind, the
        PHOTOS: YEN MENG JIIN, YAMAGUCHI YOSUKE  -  759 words
    • DINING
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        Lock icon Covert operations
        1804 10 / 11  -  Need a private drink away from the public eye? Check out these three new under-the-radar watering holes and psst, you don’t need a password to get in. By Debbie Yong debyong@sph.com.sg Operation Dagger #B1-01, 7 Ann Siang Hill Opens in June LIKE Operation Dagger, the movement in the
        PHOTO: BAR COUNCIL BY YEN MENG JIIN  -  1,804 words
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        Lock icon Rum’s the word
        650 10 / 11  -  The folks at Jigger and Pony take a backyard barbecue to Amoy Street. By Debbie Yong By Debbie Yong SugarHall 102 Amoy StreetZ6222 9102 9732 5607 Email: info@sugarhall.sg Open 6pm to midnight (Mon-Sat), closed Sun GIN and whisky may be the fashionable imbiber’s liquid of choice for
        PHOTO: JOHN HENG  -  650 words
    • SHOPPING
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        Lock icon Posh and down-to-earth
        920 12  -  Private jets and a personal entourage may be prerequisites for Victoria Beckham, but the fashion designer insists on taking a reality check when it comes to work and family. By May Yip By May Yip ONE could hardly reconcile the vision of Victoria Beckham, as she girlishly
        920 words
    • HEALTH
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        Lock icon The problem with heart-valve disease
        1123 13  -  It is less commonly recognised as its symptoms are more subtle and usually develop gradually. By Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the British Medical Journal Publishing Group);
        FILE PHOTO  -  1,123 words
    • MOTORING
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        Lock icon New engine, old school
        516 14  -  The Volkswagen Touran MPV gets a frugal turbodiesel engine to stay in COE Category A. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE Volkswagen Touran TDI is one of those rare cars that manages to squeeze in the maximum number of seats in a compact body
        516 words
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        Lock icon A GRAND AFFAIR
        500 15  -  The extensive makeover of the Nissan Elgrand includes a bigger dose of luxury. By Samuel Ee samuelee@sph.com.sg LESS than two years after it was introduced here, the Nissan Elgrand receives a major facelift that takes it higher up the premium scale. But it is not the updated
        500 words
    • SPORTS
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        Lock icon Fillips and flops of the season
        933 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent IN the end, it simply wasn’t to be for long-suffering Liverpool fans. Starved of an English league championship for 24 years, their agonising wait for that precious English Premier League (EPL) title will extend to a
        PHOTOS: EPA, REUTERS  -  933 words
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      905 8 wine dine with BTWeekend Atrium Lounge Marina Mandarin Singapore 6 Raffles Boulevard, Level 4 A Taste of Japan Unwind with friends over specially concocted martinis and exquisite Japanese platters at Marina Mandarin’s Atrium Lounge. Choose from three unique flavours Midori Martini, Shochu Melon Martini and Shochu Paraiso Pineapple Martini and
      905 words
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