The Business Times, 20 May 2014

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

Total Pages: 30
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, May 20, 2014
    25 words
  • 624 1  -  PMO responds on behalf of government to points made by President in Parliament By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] Asia is on the ascent and Singapore is well-positioned to capitalise on this rise, said the Prime Minister’s Office (PMO) yesterday in a statement
    624 words
  • MARKETS DIGEST
    • 65 1 HST INDEX 3,262.43 (-0.16) EST INDEX FUTURES 3,263.00 (unch) GSIMSCI 371.27 (+0.70) GSIMSCI FUTURES 371.40 (+0.90) US$ S$ US$ (S$ per US$) 1.250 (US$/S$ per 1.682 2.103 EURO (US$/S$/€ 1.372 1.715 Foreign currency per US$ S$ YEN 101.40 81.10 RM 3.211 2.569 HK$ 7.752 6.203 BAHT 32.45 25.97 RUPIAH
      65 words
    • 48 1 Monday Change KL COMP 1,887.07 +3.73 NIKKEI 225 14,006.44 -90.15 HANG SENG 22,704.50 -8.41 SET INDEX 1,410.63 +5.37 JAKARTA COMP 5,015.00 -16.58 MANILA COMP 6,870.90 +53.19 SEOUL COMP 2,015.14 +1.70 SHENZHEN B 811.90 -4.25 MUMBAI IND 24,363.05 +241.31 12noon EDT Change DOW 16,514.31 +23.00 NASDAQ 4,123.46 +32.88
      48 words
    • 22 1 SINGAPORE MALAYSIA MALAYSIA 5.35 6.55 5.00 INDONESIA JAPAN TAIWAN KOREA JAPAN 1.475 KOREA 9.33 SWITZERLAND 0.50 INDIA 3.25 Source: Bloomberg
      22 words
  • 94 1 CULTURE, Community and Youth Minister Lawrence Wong (right) was among the first guests to tour the new OCBC Aquatic Centre at the Singapore Sports Hub yesterday, after a simple ceremony to mark the completion of the facility. Along with other VIPs including OCBC chief executive Samuel Tsien
    PHOTO: KUA CHEE SIONG/THE STRAITS TIMES  -  94 words
  • 550 1  -  By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] Goodpack’s shares continued marching to record highs yesterday, amid news reports that it is in advanced talks with US private equity firm KKR Co. Its shares ended two cents higher at S$2.47 yesterday, far above the
    Source: Bloomberg  -  550 words
  • Page 1 Advertisements
    • 75 1 CHANGING TOKYO Governor plans to take on S’pore PAGE 2 HOCK LOCK SIEW Diversification may be Wilmar’s trump card PAGE 6 SME Inc Firms are tapping neuroscience PAGE 13 ASIAN LEADERS Sam Goi looking to conquer new lands PAGE 11 8 M 8 ***** 11 *****4 Cartier MEN’S WATCHMAKING EVENT
      75 words

  • TOP STORIES
    • 300 2 S’pore well-placed to tap Asia’s rise ASIA is on the ascent and Singapore is well positioned to capitalise on this rise, said the Prime Minister’s Office yesterday. FRONT PAGE Goodpack up amid reports of KKR talks GOODPACK’s shares continued marching to record highs, amid reports it is in
      300 words
    • 599 2  -  He pledges to ‘take back’ from S’pore its lead as centre of drug development By ANTHONY ROWLEY in Tokyo TOKYO governor Yoichi Masuzoe yesterday laid out a bold plan to make the Japanese capital the “first city in the world”
      PHOTO: REUTERS  -  599 words
    • 545 2  -  B)’ JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT [SINGAPORE] Singaporean entrepreneur Daniel Chia has created a first-of-its-kind social networking app which he believes could fill a need now unmet by Facebook and Twitter. Since its launch in March, BlastOut has secured $200,000 in angel funding
      545 words
    • 499 4  -  Price dives 18.6% to 15.5 sen after Najib mooted possibility of bankruptcy By PAULINE NG By in Kuala Lumpur SHARES of Malaysia’s national carrier plunged to a record low yesterday as investors cashed out after Prime Minister Najib Razak mooted bankruptcy as a possibility
      499 words
    • 742 4 Bloomberg [MUMBAI] Indian stock investors agree with the nation’s voters on at least one thing: it’s time for new leadership. As Narendra Modi’s opposition bloc secured the largest electoral victory in 30 years on Friday, the biggest gainers in India’s equity market
      Bloomberg; PHOTO: BLOOMBERG  -  742 words
    • 479 4  -  By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] A slice of history was created yesterday, with the opening of the OCBC Aquatic Centre the first facility in the $1.3-billion Singapore Sports Hub to mark its completion. The 6,000-seater arena is one of several properties
      PHOTO: KUA CHEE SIONG/THE STRAITS TIMES  -  479 words
    • 799 4  -  Suet Fern says S’pore must decide on rising trend By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] Singaporelisted companies should go beyond remuneration disclosure for top executives, and give shareholders a say on their pay. This will ensure direct accountability by management to owners
      799 words
    • 461 4  -  By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] With project construction practically wrapped up, the US$2.4 billion Jurong Aromatics Corporation (JAC), Singapore’s newest integrated refinery/ aromatics complex, is set to start up anytime now. JAC’s chief executive officer, Dai Yu, disclosed in a
      461 words
  • Page 2 Advertisements
    • 46 2 THE GREAT DIGITAL SALE Father’s Day Special $1.50 is all you need to treat yourself and your dad! Just$36a year for any 2 magazines! Only $1.50 per digital issue (u.p. $5-$6.90) SubscribeNow! http://www.sphmagazines.com.sg/fathersday Offer valid till 30 Jun. Available for iOS or Android tablets and smartphones
      46 words

  • Page 3 Advertisements
    • 171 3 MORE SPACE. ALL LUXURY. THE NEW LEXUS ES. THE ESSENCE OF LUXURY. Experience absolute comfort anywhere you go with the new Lexus ES, even on long drives or busy roads, The world s best-selling Lexus sedan brings you class-leading spacious interior our competitors can only dream of, With a feature-rich
      171 words


  • Page 5 Advertisements
    • 123 5 m W I V r GENEVE M sjfero w\ Begin your own tradition. v 1 Vv\v\ > m j o (T> I n p L i Caliber 240 Q. Self-winding mechanical movement. Perpetual calendar with 24-hour indication and moon-phases )))i r 1 wi J//, fj J j i i vj
      123 words

  • COMPANY NEWS
    • 834 6  -  HOCK LOCK SIEW By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT WHAT had seemed like a ghost of the past has come back to haunt Wilmar International. After six consecutive quarters of profits in its oilseeds division, its recently released first-quarter results showing negative margins for its
      834 words
    • 536 6  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT INVESTMENTS in real estate investment trusts (Reits) have often been regarded as excellent proxies to property ownership, especially in land scarce markets such as Singapore and Hong Kong. The capital needed to invest in Reits is smaller, their units are
      536 words
    • 546 6  -  Veteran Eric Ang will now focus on business origination By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT VETERAN DBS banker and the doyen of the Singapore capital markets Eric Ang will hand over the reins at the bank to his deputy Eng-Kwok Seat Moey
      546 words
    • 1873 10 NET PROFIT (S$M) TURNOVER (S$M) CURRENT COMPANY PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 DBS Grp 1231.0 950.0 29.6 2649.0 2317.0 14.3 2 OUE 945.6 1.8 *****.0 106.9 105.4 1.5 3 OCBC Bk 899.0 696.0 29.2 1887.0 1588.0 18.8 4 UOB 788.0 722.0 9.1 1752.0 1672.0
      1,873 words
  • Page 6 Advertisements
    • 290 6 At times, we would notice a consistent increase in the stock prices of certain listed companies over time, irregardless of the Straits Times Index’s (STI’s) performance. These companies do not give a high dividend yield and it keeps us wondering on the reason for the price increase. Often, such price
      290 words
    • 114 6 f<5uea ?J C 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.com/visit1 I To Exhibit: Email: SGPFair@bizlink.com.sg Tel: (65) 6848 5939 www.SGPFair.com Organised By: BIZLINK Exhibition
      114 words
    • 102 6 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 w in Asia 2014^ c S.b VS Better Selections 23 -25 June 2014 Suntec, Singapore Looking for More Business Opportunities in the Healthcare Sector? Our event provides
      102 words
    • 85 6 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

  • 950 7 Mr Ian William Robb President of Morgan Advanced Materials (Asia) and Mr Abdul Aziz Bin Yusof Director and Chief Operating Officer of Cleaning Express Pte Ltd talk about how The Job of the Chief Executive (JOCE) programme has helped them better manage their business. Tell us
    950 words
  • Page 7 Advertisements
    • 317 7 34TH ANNUAL PROGRAMME THE JOB OF THE CHIEF EXECOTIVE JULY 13 18, 2014. SINGAPORE Held annually in Singapore for more than 30 years, The Job of The Chief Executive (JOCE) programme is now into its 34 th run and has been attended by more than 1,250 C-suite executives from 40
      317 words

  • SINGAPORE MARKETS
    • 472 8  -  STATS ChipPAC, SingPost and Noble the few bright sparks in another listless session STOCKS KENNETH LIM kenlim@sph.com.sg @KennethLimBT Correspondent SINGAPORE stocks turned in a languid performance yesterday, hardly budging in one of the flattest sessions this year. But there were occasional bumps in an
      Source: Bloomberg  -  472 words
    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 4 0 0 0 5 6 4 Manufacturing 54 50 32 10 3 16 64 53 48 Commerce 24 19 16 3 7 3 27 26 19 Tpt/Stor/Comms 14 10 13
      186 words
    • 927 8  -  Compiled by KENNETH LIM Hankore Environment Tech Group May 19 close: S$0.093 CIMB Research, May 18 NO thanks to the one-off fair value loss of 110 million yuan (S$22 million) from its contingent liabilities to Tongyong and the marking-to-market of its warrants, Hankore’s nine-month FY14 net profit was
      Source: Bloomberg  -  927 words
    • 121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,463 15,463 38,065 38,065 Manufacturing 459,225 83,143 542,368 157,904 12,728 170,632 Commerce 298,356 42,607 340,963 170,764 5,926 176,689 Tpt/Stor/Comms 105,046 32,427 137,473 167,908 4,647 172,556 Finance 42,897 255 43,152 153,486 64 153,549 Construction 48,233 62,632
      121 words
    • 117 8 Stock name Close Change CapitaLand 3.130 +0.010 CapitaMall Trust 2.030 CapitaMalls Asia 2.350 CityDev 10.28 -0.070 ComfortDelGro 2.310 +0.030 DBS Grp 16.85 Genting Sing 1.335 -0.005 Global Logistic 2.840 +0.020 Golden Agri-Res 0.575 -0.010 HPH Trust USD 0.715 HongkongLand USD 6.960 -0.080 JMH 400 USD 60.60
      117 words
    • 573 8 CURRENCIES Reuters [SINGAPORE] The Malaysian ringgit hit a six-month high yesterday after data showed stronger-than-expected growth and a wider current account surplus, leading gains among most emerging Asian currencies on expectations of lower interest rates in developed countries. The rupiah turned weaker after
      Reuters; PHOTO: BLOOMBERG  -  573 words
    • 77 8 May 19 VALUE CLOSE BT OB/OS -173.00 +48.00 BT CADI -*****.00 +23.00 BT 10-day MA -*****.00 -18.00 FTSE ST Mid Cap 764.44 +1.08 FTSE ST Small Cap 542.14 +0.28 FTSE ST All Share 793.69 +0.19 FTSE ST China Top 199.82 -0.57 FTSE ST China 230.60 -0.28 FTSE
      77 words
    • 62 8 VOLUME Armarda 233,433,000 CapitaMalls Asia 201,055,000 Federal Int 103,371,000 HanKore Env 96,662,000 Noble 85,818,000 Oceanus 60,597,000 Hu An Cable 56,414,000 Fu Yu Corp 55,424,000 STATS ChipPAC 53,716,000 Charisma Energy 38,383,000 VALUE($) CapitaMalls Asia 472,491,270 Noble 112,046,035 SingTel 69,714,790 DBS Grp 56,443,412 UOB 56,128,128 Wilmar Intl 34,340,110 STATS
      62 words
    • 116 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 136.2 0.9 GLD 10US$ ***** 81.2 0.5 DBXT iBoxxKR 5US$ ***** 65.0 0.3 Jardine C&C 4519 58.0 1.3 Lyxor ThaiSET 10US$ ***** 55.0 0.3 Hyflux 6% CPS 10 ***** 45.0 0.4 DBXT AUD Bonds 5AU$ ***** 42.1 0.2 DBXT iBoxxSvEu 5US$
      116 words
    • 127 8 BY CENTS CLOSE DOWN JMH 400 USD 6060 -100.0 -1.3 DBXT SPASX200 10US$ 4168 -73.7 -1.4 JSH 500 USD 3460 -50.0 -1.1 DBXT AUDCS 5SG$ ***** -47.0 -0.2 DBXT MSEurope 10US$ 6227 -38.7 -0.5 Lyxor Indonesia10US$ 9328 -31.2 -0.3 DBXT MSJAP 10US$ 4330 -30.0 -0.6 DBXT E50 10US$ 5375
      127 words
    • 5 8 DAILY
      5 words
    • 708 9  -  Key oil and gas giants also had encouraging results By ANITA GABRIEL By anitag@sph.com.sg @AnitaGabrielBT NO doubt about it. Singapore’s three banks, the region’s industry stalwarts, were stand-out performers in the first quarter of the year which as at last Friday saw some 360
      708 words
    • 172 9  -  By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT COMMODITIES trader Olam International has secured a US$2.22 billion revolving credit facility, which will be used to refinance debt and to meet working capital and general corporate funding needs. A Shekhar, the company’s executive director of finance and business development,
      172 words
    • 470 9 NYT [JAKARTA] Indonesians have long loved BlackBerry devices. When the company introduced a new phone two-and-a-half years ago, a crowd at a shopping mall here became so unruly in part because of a half-price offer for the first 1,000 buyers that riot police were
      NYT  -  470 words

  • Page 9 Advertisements
    • 2874 9 Deutsche Bank AG (Incorporated in Germany) Consolidated Financial Statements for 2013 Consolidated Balance Sheet in m. Notes 31.12.2013 31.12.2012 Assets: Cash and due from banks 17,155 27,877 Interest-earning deposits with banks 77,984 120,637 Central bank funds sold and securities purchased under resale agreements 21, 22 27,363 36,570 Securities borrowed 21,
      2,874 words

  • Page 10 Advertisements
    • 15 10 GETWORLD CUP-SAVVY WITH JUNE’S ISSUE OF MEN’S HEALTH! Withtrainingtips fromtopstars, andworkouts tostaymatchfit,there’s somethingfor everyfootballfan! MENSHEALTH.COM.SG
      15 words
    • 50 10 ich Ask 2014 International Building Technology Expo A part of SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 MIMA 14-16 October 2014 Singapore EXPO Halls 3 4 www.buildtechasia.com “i ■i »r mzi: T If"’* r To Exhibit: Tel:+65 6319 4021 Email: buildtechasia@sph.com.sg To Visit: Pre-register at www.buildtechasia.com Organised by: sphere A SUBSIDIARY OFSph
      50 words
    • 70 10 RtaSi ooyaoooai 0 26-28 May 2014 Traders Hotel, Yangon r Join us at the international property exhibition! 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
      70 words
    • 50 10 ACADEMY 2014 Participate in the NO. 1 CHILDREN'S EDUCATION SHOW! Suntec Singapore 6-8 June 2014 111 am 9pm BOOK NOW! Limited Booths available! I: v 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: sphere A SUBSIDIARY OF SfJl
      50 words

  • ASIAN LEADERS
    • 1284 11  -  With an extraordinary track record of entrepreneurial success, Sam Goi is on the hunt for new challenges, reportsFRANCIS FRANCIS KAN HE is recognised as the king of his craft and an entrepreneur with few peers. So what does Sam Goi do for an encore to
      FILE PHOTOS  -  1,284 words
  • Page 11 Advertisements
    • 70 11 cT lA s 7a^ Piyush Gupta Chief Executive Officer DBS Bank Best Local Private Bank, Singapore 2014, Euromoney Best Private Bank, Singapore 2013 Professional Wealth Management/The Banker Start a conversation with us at +65 6227 7188. Asia's Safest, Asia's Best Safest Bank, Asia 2009-2013, Global Finance Best Managed Bank, Asia
      70 words

  • SINGAPORE NEWS
    • 375 12  -  General wholesale trade sector posts largest growth of 35.4% in domestic sales By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT SINGAPORE’S domestic wholesale trade fell 2.8 per cent in the first quarter of 2014 compared to a year ago, data released by the Department of
      375 words
    • 609 12  -  Asking price for the 30 years old building is $220m By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT THE buzz around Tai Seng MRT Station is set to increase with Irving Industrial Building nearby put up for collective sale. The asking price for the six-storey
      Source: onemap, JTC  -  609 words
    • SINGAPORE ROUNDUP
      • 66 12 THE first batch of the Precision Engineering Master Craftsmen (PEMC) Programme graduated from Nanyang Polytechnic (NYP) yesterday. The 51 PEMC graduates received their Singapore Workforce Skills Qualifications (WSQ) Diploma in Precision Engineering (Master Craftsman Skills). NYP is the first non-German institution in the world
        66 words
      • 94 12 TAN SOO JIN has been elected as the new chairman of the Singapore Institute of Management (SIM) governing council. Mr Tan is advisor of Amrop Singapore/Gattie-Tan Soo Jin Management Consultants Pte Ltd and a member of the NUS Business School Management advisory board. He
        94 words
    • 407 12  -  Opportunities exist to enhance bilateral partnership: PM By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT SINGAPORE and India will celebrate 50 years of diplomatic relations next year what Prime Minister Lee Hsien Loong hailed as an “auspicious milestone” which he hopes will be
      PHOTO: EPA  -  407 words
    • 339 12  -  By KARA QUEK karaquek@sph.com.sg ENVIRONMENT ALLY-FRIENDLY anti-odour and anti-bacterial household products will be developed under a collaboration between the Agency for Science, Technology and Research (A*Star) and Japanese multinational company Lion Corporation. A*Star’s Institute of Materials Research and Engineering (IMRE) signed a
      339 words
    • 353 12  -  By RONNIE LIM ronnie@sph.com.sg SINGAPORE is seeking a private developer/operator for a proposed new waste-to-energy plant which will generate power even as it incinerates the ev-er-increasing volumes of waste here. The National Environment Agency (NEA) is currently p re-qualifying tenderers for the
      353 words
  • Page 12 Advertisements

  • SME Inc
    • 1222 13  -  Firms are tapping neuroscience to understand behaviour in areas of market research, leadership and management VIEW FROM AN NTU PROFESSOR By GEMMA CALVERT The writer is a visiting professor at Nanyang Technological University’s Nanyang Business School and a senior fellow of the Institute on Asian
      FILE PHOTO  -  1,222 words
    • 253 13  -  He is one of 60 EY country winners to compete in Monaco By GOH KANG SHIONG gohkangs@sph.com.sg PAUL Loo Lip Giam, group CEO of chocolate retailer and distributor Focus Networks Agencies as well as the entrepreneur behind local candy chain The
      253 words
  • Page 13 Advertisements
    • 24 13 Wuhan invests 300m yuan to jointly develop an eco-city with France eco-city with France ■6HB30SA 31! To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      24 words
    • 68 13 Regus incl 15 prestigious business addresses across Singapore Quick and easy to set up Flexible terms to suit all businesses Personalised call answering in your company name Unlimited access to business lounges and cafes Singapore i Orchard Tampines Junction Place n9aP Suntec City ininng Pagar Marina Bay Call us now
      68 words

  • MALAYSIA/INDONESIA
    • 505 14  -  Q1’s 6.2% growth may prompt move; economists re-rate full-year figures BY S JAYASANKARAN in Kuala Lumpur MALAYSIA’S sharply higher 6.2 per cent in real gross domestic product (GDP) growth in the first quarter is likely to see the central bank raising rates for the first
      PHOTO: EPA  -  505 words
    • 528 14 Bloomberg [JAKARTA] Indonesian presidential frontrunner Joko Widodo tapped former vice-president Jusuf Kalla as his running mate for July elections, naming an experienced hand who can help him navigate policy changes through Parliament. “The two of us will bring a movement of change to
      Bloomberg  -  528 words
    • 262 14 Reuters [JAKARTA] PT Indofood Sukses Makmur, Indonesia’s biggest instant noodle maker, aims for 10-20 per cent growth in revenues this year, helped by its acquisition of vegetable processor China Minzhong Food Corp Ltd. The company is also targeting capital expenditure of 9.6 trillion
      Reuters  -  262 words
  • Page 14 Advertisements
    • 537 14 CASH OFFER By Sound Investment Holdings Pte. Ltd. (“Offeror”) a wholly-owned subsidiary of CapitaLand Limited (“CapitaLand”) For CapitaMalls Asia Limited (“CMA”) OFFER PRICE BEFORE REVISION REVISED AND FINAL OFFER PRICE S$2.351 S$2.***** FOR EACH CMA SHARE FOR EACH CMA SHARE THE OFFEROR WILL NOT FURTHER REVISE THE FINAL OFFER PRICE.
      537 words

  • Page 15 Advertisements
    • 257 15 THE NEXT HORIZON October 28 30, 2014 Singapore Confirmed speakers* Lee Hsien Loong Prime Minister, Republic of Singapore Steve Forbes Chairman Editor-in-Chief, Forbes Media LLC, USA Stefano Pessina Executive Chairman, Alliance Boots, Switzerland Peter Woo Chairman, The Wharf (Holdings), Hong Kong Sam Goi Executive Chairman, Tee Yih Jia Group, Singapore
      257 words

  • CHINA/INDIA
    • 766 16 Beijing intensifying crackdown on drugmakers and healthcare firms Reuters [SHANGHAI] Chinese corruption charges against executives of British drugmaker GlaxoSmithKline plc (GSK) could be just the start of the pharmaceutical industry’s problems in its biggest emerging drugs market, according to industry sources in
      Reuters; PHOTO: REUTERS  -  766 words
    • 683 16 Stable govt more likely to address economic challenges and resume stalled policies Reuters Bloomberg [MUMBA] The opposition Bharatiya Janata Party’s resounding election win is credit positive for India as it boosts the prospect that a stable government will address the country’s economic
      Reuters; Bloomberg  -  683 words
    • 747 16 Drawn-out collapse of WH deal prompts negative headlines Reuters [HONG KONG] China’s biggest buyout firm, CDH Investments, is known as “The Blackstone of China” for its savvy deal-making and spread of businesses, but last month’s pulled IPO of pork producer WH Group
      Reuters  -  747 words
  • Page 16 Advertisements
    • 1032 16 The Business Times NOTICES ©noble group NOBLE GROUP LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Noble Group Limited (“Company") will be held at Ballrooms 1 2, Amara Singapore Hotel, 165 Tanjong Pagar Road, Singapore *****9
      1,032 words
    • 595 16 Toll free 1800-289-8822 Email noticesiSsph.com.sg www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF I-QUALITY MARKETING SUPPLIES PTE. LTD. (CO. REG NO *****7944M) (IN CREDITORS’ VOLUNTARY LIQUIDATION) At the Extraordinary General Meeting and Creditors’ Meeting of the Company held at 26 Eng Hoon Street
      595 words

  • Page 17 Advertisements
    • 831 17 29 May 1 June 2014 Halls 401-406 SUNTEC Singapore 12pm 9pm (Thu-Sat) 12pm 8pm (Sun) The Great Singapore PC& Electronics Show Worth Waiting For! Be spoilt for choice during this Great Singapore Sale with exclusive bargains and latest gadgets from 300 leading exhibitors! FREE Admission Exclusive Digital Experience Booth #8888
      831 words
    • 2405 17 The Business Times NOTICES sorue noilliM Banco Santander, S.A. añapsE(d i rdaM,etnoMleda l lidaoB*****n/sairbatnaCed.advA,rednatnaSopurGdaduiC :eciffOdaeH Singapore Office: 50 Collyer Quay #06-02, OUE Bayfront, Singapore *****1 ASSETS Consolidated Financial Statements Consolidated Balance Sheets at 31 December 2013 and 2012 2013 2012 Cash and balances with central banks 118,488 77,103 719,771 982,511
      2,405 words
    • 42 17 Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices Want access "’Tth t i* 1 BBQ pits? •'•r* oH If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      42 words

  • WORLD
    • 673 18 Most foreign firms hit by riots have returned to work, demonstrating nation’s pull Reuters [HANOI] Most large companies operating in industrial parks hit by anti-Chi-na riots in Vietnam last week have resumed operations, underscoring the irresistible pull of the country as a low-cost manufacturing hub
      Reuters  -  673 words
    • 722 18 Bloomberg [WASHINGTON] As shoppers take advantage of heavy discounts, prices have been kept lean setting a limit on the acceleration in inflation that Federal Reserve policy makers are trying to achieve. Apparel costs have played a disproportionate role in holding back price
      Bloomberg; PHOTO: BLOOMBERG  -  722 words
    • 671 18 Qatar royal family to be major investor in German lender Reuters [FRANKFURT] Deutsche Bank has asked shareholders for eight billion euros (S$13.7 billion) in new cash to strengthen its balance sheet ahead of European stress tests and to help fund an expansion in
      Reuters  -  671 words
    • 271 18 Reuters [WASHINGTON] A US grand jury has indicted five Chinese individuals with cyber espionage charges for allegedly targeting six American companies and stealing trade secrets, the US Justice Department said, publicly accusing China of cyber spying for the first time. The hackers targeted US
      Reuters  -  271 words
    • 365 18 Bloomberg [NEW YORK] Many Target Corp customers are ready to forgive and forget. Following a data breach over the holiday season that affected millions of shoppers, only 7 per cent of customers plan to reduce spending at the chain over the
      Bloomberg; PHOTO: AFP  -  365 words
    • 573 19 It says US firm’s latest US$117b offer is inadequate and poses major risks AFP [LONDON] British drugs giant AstraZeneca yesterday rejected a final takeover bid from US rival Pfizer worth US$117 billion, saying it undervalued the firm and created uncertainty and risk for shareholders. Shares
      AFP; PHOTO: BLOOMBERG  -  573 words
    • 338 19 NYT [BERLIN] Swiss voters resoundingly rejected a proposed minimum wage that would have been the world’s highest, a move widely seen as reflecting an aversion to state intervention in the liberal economic policies that are the bedrock of Switzerland’s prosperity. Trade unions
      NYT  -  338 words
    • 733 19 Deal highlights AT&T’s need for fresh growth paths Reuters [DALLAS] AT&T Inc plans to pay US$48.5 billion to buy DirecTV, in the latest sign that the wireless industry and the US television market are set to converge as customers consume more video
      Reuters; PHOTO: REUTERS  -  733 words
    • 737 19 Reuters [BANGKOK] Thailand’s economy shrank more than expected in the first quarter as exports remained weak and domestic activity was battered by months of political unrest which could put the country into recession. The state planning agency said yesterday there
      Reuters; PHOTO: AFP  -  737 words
    • 678 19 Economy seen resuming moderate recovery in summer Reuters [TOKYO] Japanese businesses raised orders for machinery by the most ever in March and expect to book more orders this quarter, another sign that capital investment may buffer the economy from the pain of
      Reuters  -  678 words


  • AVIATION
    • 723 20 President to break up coast guard because it failed in rescue mission Reuters [SEOUL] South Korean President Park Geun-hye formally apologised yesterday for a ferry disaster last month that killed about 300 passengers, mostly school children, and said she would break up the coast
      Reuters; PHOTO: REUTERS  -  723 words
    • 272 20 US trade panel to make preliminary decisions on June 9 Reuters [HONG KONG] Chinese container makers Singamas Container Holdings Ltd and China International Marine Containers (Group) Co Ltd (CIMC) said US authorities were investigating them for anti-dumping practices. The probes are
      Reuters  -  272 words
    • 572 20 Latest moves may deepen bitter Boeing-Airbus row Reuters [PARIS] The European Union is considering raising the pressure on the United States in the world’s largest trade dispute by challenging tax breaks that encouraged planemaker Boeing to keep production of its latest jet in Washington
      Reuters  -  572 words
    • 840 20 AFP [MOGADISHU, Somalia] Off the coast of Somalia, a sailor on board the French ship Sirocco observes two dhows through binoculars, establishing they are both bona fide fishing vessels. If the coast of the autonomous region of Puntland is still home to pirates,
      AFP  -  840 words
    • 234 20 SGX '000 May 19 S$ +/-Vol Ch Offshore 0.43 0.01 157 Chuan Hup Hldg 0.28 -0.01 235 May 19 Cwt Limited Vol First Ship Lea 0.10 unch 5 Grand Banks 0.25 unch 250 Jaya Hold Ltd 0.80 unch 331 K1Ventures.................0.23 unch ***** Keppel Corp 10.56 -0.01 1889 Mercator
      234 words
  • Page 20 Miscellaneous
    • 298 20 CRYPTIC CROSSWORD Across 3 Cautious about Italian lady bringing wine (10) 8 Give a sermon, real beauty about king (6) 9 Terribly obese lot, no longer functional (8) 10 Underling attached to party in power (8) 11 In Clubmoor, a scally? (6) 12 Uneducated crook in Sydney? Say again (10)
      298 words

  • Page 21 Advertisements
    • 210 21 Always Be Discovering with The Business Times Indulge in top quality French wines selected by one of the best sommeliers of France .-Am''| v, \Xv.. <s V i 1 t h V' Nicolas Rebut 3-star Michelin sommelier (former Chef Sommelier of “Le Meurice” and “Louis XV” in Paris and Monaco)
      210 words

  • EDITORIAL & OPINION
    • 538 22 EDITORIAL EAST Asia marches on towards potential confrontation while the rest of the world looks on with apparent insousiance. The latest step along this road is Japanese Prime Minister Shinzo Abe’s move to revise the official “interpretation” of the postwar Japanese constitution. Mr Abe
      538 words
    • 794 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group WE now have Timothy Geithner’s 528-page memoir of the financial crisis and its aftermath. Called Stress Test, it’s full of fascinating details of a frightening time. For me, the most striking incident involves a
      The Washington Post Writers Group  -  794 words
    • 1069 22  -  Republic’s critical advantage lies in a respected governing law and a popular seat By PHILIP JEYARETNAM The writer is a senior counsel, managing partner of Rodyk Davidson LLP and chairman of Maxwell Chambers BOOMING cross-border trade and investment across Asia over the past
      FILE PHOTO  -  1,069 words
    • 756 23 AN OPEN LETTER TO MR MODI Dear Narendra bhai, CONGRATULATIONS on your historic landslide win! You have almost single-handedly won the general election for the BJP with some 300 million Indians casting their ballot in your favour. The mere anticipation
      756 words
    • 1106 23  -  Major issues are inflation, fiscal deficit, low investment and job creation YOGI AGGARWAL [MUMBAI] NARENDRA Modi has finally done it. Not many believed that the National Democratic Alliance (NDA) led by the Bharatiya Janata Party (BJP) would win such a comfortable majority
      PHOTO: EPS  -  1,106 words
    • 920 23  -  REUTERS BREAKINGVIEWS By HUGO DIXON IF the Scots vote to leave the UK in September, that could trigger a chain reaction which leads to the rest of the UK quitting the European Union (EU). This is a threat British pro-Europeans need to take seriously given
      920 words
    • 237 23 LETTER TO THE EDITOR ON April 1, we started our journey working with the community to co-create a special Jubilee Baby Gift keepsake for all Singaporean babies born next year. We have been greatly encouraged by the response. Singaporeans, including
      237 words


  • 1239 24 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    1,239 words
  • Page 24 Advertisements
    • 80 24 Experienced ship maintenance findyou y r I services services wanted, here mthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I TIL UUJIINLJJ IIIVILJ SHIPPING TIMES Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here
      80 words

  • SINGAPORE STOCKS
    • 4156 25 Transaction date: May 19 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 13.6 10.4 8Telecom Day Last Quote --AAT Net M Cap 12.3 6.7 AIMS Property 12 +0.1 560 12.1 12
      4,156 words
    • 478 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 23 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) 32.5 16 t
      478 words
    • 11729 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.53/ APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond China Opportunities! Global Emerging Markets!** European Opportunities)’* Global Emerging Markets!” Global Opportunities/ Global Technology 2.8216/
      11,729 words
    • 235 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 Last 328 191 TanChongInt HK320cd unch 6 320 320 318 322 9.7 3.3 3.1 6444.5 DISCLAIMER: All information is published “as is” without warranty of any kind
      235 words
    • 1113 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 $mil 119.8 108.3 ABF SG Bond ETF 114.4 10 114.4 114.4 114.4 115.2 522.2 138.7 119 CIMB APAC Div 100S$D 130.9 -0.3 130.9 130.9 129.9 132.4 108.9
      1,113 words


  • FINANCE & COMMODITIES
    • 667 27 May 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.09 *****.50 *****.80 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****2 Sep14 *****.00 *****.00 *****.00 *****.00 205 8639 MSCI TAIWAN INDEX FUTURES SPOT 319.76 320.07 318.44 May14 318.20 319.40 317.60 318.90 ***** *****5 Jun14 317.70
      667 words
    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr May 16 Index Change Change Change Change Change Change World Preliminary 1193.3 -0.1 0.7 -0.2 0.2 -0.1 1.2 EAFE Preliminary 953.4 -0.3 -0.3 -0.3 0.0 -0.2 0.9 Europe Preliminary 1392.8 0.1 2.8
      373 words
    • 472 27 May 19 May A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.016 5.841 0.682 7.254 54.709 106.839 0.949 9.560 3.004 1.083 92.270 40.822 1.169 9.678 0.834 28.240 30.365 0.556 0.936 Canada 0.985
      472 words
    • 109 27 May 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1465.00 1470.25 1478.50 1461.50 Aug 14 1399.75 1401.75 1408.25 1395.75 Sep 14 1274.00 1273.75 1278.75 1270.75 Nov 14 1221.50 1217.75 1223.00 1212.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
      109 words
    • 94 27 May 16 COCOA (£/tonne) Close Prev High Low Jul 14 1825 1820 1828 1810 Sep 14 1831 1826 1834 1816 Dec 14 1835 1832 1837 1821 Mar 15 1832 1828 1835 1817 COFFEE(US$/tonne) Close Prev High Low May 14 2051 2138 2115 2073 Jul14 2046 2138 2134 2045 Sep
      94 words
    • 1092 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.2 0.3 1 -49 3.92 50 Asia-Pacific Strategic W*****6 2.1 -0.1 7181 1 2 60 Ratio Albedo Limited W*****9 Price Asiatic Grp(Hldgs) Ltd W*****5 Disc Asiatravel.com HoldingsW*****7 1
      1,092 words
    • 70 27 CRUDE OIL PRODUCTS May 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.16 0.88 WTI (Near Mth) 102.09 0.58 Dubai (1-Mth F) 105.10 -0.29 Tapis blend 112.90 -0.30 Minas 109.60 -0.30 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.06 -2.11 Jet Kerosene 120.11 -0.34 US$/barrel OpecOil Basket
      70 words
    • 24 27 May 19 S$ Bid Offer 1-month 1.2497 1.2498 2-months 1.2497 1.2498 3-months 1.2496 1.2498 6-months 1.2495 1.2496 Source: OCBC Source: OCBC
      24 words
    • 66 27 May-16 May-16 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1728.25 1733.00 3 months 1769.50 1775.00 Copper, Grade A(US$/tonne) Cash 6923.50 6941.00 3 months 6860.00 6885.00 Lead(US$/tonne) Cash 2111.50 2108.50 3 months 2133.00 2131.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words
    • 31 27 May 19 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth ..0.***** Source: Thomson Reuters
      31 words
    • 78 27 May 19 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-16 101.35 5-Year NX*****W 2.5 01-Jun-19 105.76 105.95 105.75 10-Year NX*****H 2.750 01-Jul-23 103.85 104.00
      78 words
    • 137 27 May 19 GOLD(US$/oz) May 19 May 16 Hong Kong 1302.00 1298.00 May 16 May 15 London 1293.60 1299.20 1294.25 1300.00 Source: Thomson Reuters CAST BAR May 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 313 258 10gm 583 519
      137 words
    • 58 27 May 19 May KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 14 2618.0 2590.0 2623.0 2589.0 2039 9844 Jul 14 2580.0 2551.0 2587.0 2550.0 9171 ***** Aug 14 2563.0 2537.0 2574.0 2536.0 ***** ***** Sep 14 2557.0
      58 words
    • 157 27 May 19 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1691 1.1698 0.9355 0.9360 Canadian dollar 1.1513 1.1515 0.9213 0.9212 Euro 1.7143 1.7147 1.3718 1.3720 NZ dollar 1.0796 1.0798 0.8639 0.8640 Sterling pound 2.1022 2.1028
      157 words
    • 121 27 As at 9am May 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.198 1.141 Can dollar 1.173 1.128 Euro 1.753 1.670 Sterling pound 2.144 2.062 NZ dollar 1.106 1.064 US dollar 1.275 1.215 Local dollars to 100 units of foreign
      121 words
    • 154 27 May 19 $S Offer Bid 0vernight 0.02 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.18 0.08 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
      154 words

  • PROPERTY
    • 628 28 Housing board calls for gains tax to be dropped as many don’t want to move Bloomberg [STOCKHOLM] Sweden’s state-backed housing agency says the current tax code is driving prices well beyond what is sustainable. After the government rejected proposals to scale back tax
      Bloomberg; PHOTO: BLOOMBERG  -  628 words
    • 376 28 Bloomberg [SAO PAULO] Consorcio Ara SAB has suspended an auction to sell a group of about US$387 million of shopping malls and is now considering selling the centres individually. The company was working with Morgan Stanley on the sale of the malls, which the
      Bloomberg  -  376 words
    • 188 28 Reuters [LONDON] British property website Zoopla will announce plans this week for a stock market listing that will value the company at about £1 billion (S$2.1 billion), the Sunday Times newspaper reported. The flotation would be a boost for newspaper publisher Daily Mail
      Reuters  -  188 words
    • 449 29 Bloomberg [LONDON] Klepierre SA plans to spend as much as 500 million euros (S$857 million) a year on expansion and the shopping-mall landlord is considering using some of the money to get a bigger piece of what it already has.
      Bloomberg  -  449 words
    • 598 29  -  No let-up in developers’ interest in the concept introduced in 1986 By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT WITH dual-key units in private residential projects still well sought-after by home buyers, they could potentially unlock value for both developers and buyers in the current
      Source: Knight Frank Research  -  598 words
    • 315 29 Reuters [SYDNEY] Australian engineering and property management company UGL Ltd will likely shelve the planned A$1.2 billion (S$1.4 billion) sale of its property services arm after it received just one binding offer for the asset, a source familiar with the process
      Reuters  -  315 words
  • Page 28 Advertisements
    • 119 28 jl| ST JOBS S>CAREER& W DEVELOPMENT >01 JOIN THE BIGGEST CAREER FAIR IN TOWN! Conduct your massive recruitment before the new employment rule* sets in on 1 August. f GRAB YOUR BOOTH SPACE AT STJOBS CAREER DEVELOPMENT FAIR 2014 NOW FOR ONLY $100! Date: 12 13 July 2014 Venue: Marina
      119 words

  • Page 29 Advertisements
    • 214 29 Boat Quay LH 999 years Land: 3,460 sqft, GFA: 9,236 sqft (approx.) Pagoda Street LH 99 years Land: 1,350 sqft, GFA: 3,500 sqft (approx.) Tanjong Katong Freehold Land: 5,175 sqft, GFA: 9,566/15,525 sqft (approx.) Amoy Street LH 999 years Land: 2,773/5,409 sqft, GFA: 8,000/16,211 sqft (approx.) Iras Street LH 99
      214 words
    • 280 29 AM PAS APARTMENT Land 2809.3 sq m Resident GPR 2.8, up to 36 storey Freehold tenure. Regular shape Centrally located in Singapore. Within walking distance to Novena Medical Centre, shopping mall, market and other amenities. Easy access to PIE CTE K E M A M A N J L N
      280 words
    • 410 29 The Wilshire Rare D10 Freehold Residential Site savills r m k m The Siena m The Tanghn Club Goodwood Park Hotel Nanyang Pri Sch LJ <1 km Farrer Rd D’Leedon Pollen Bleu The American I Grand Hyatt Tangs Plaza rr>, r* SUBJECT SITE sLeedon FARRER ROAD ORCHARD RD Residence TANGUN_RP—-
      410 words