The Business Times, 21 May 2014

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Microfilm: NL33138
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, May 21, 2014
    25 words
  • Article, Illustration
    Lock icon Thai martial law seen having limited impact here
    568 1  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Even as army tanks and gun-wielding soldiers patrol the streets of Bangkok, observers here say Thailand’s martial law declared by the army early yesterday morning will have a contained impact on the Singapore economy, provided the
    PHOTO: EPA  -  568 words
  • Article, Illustration
    Lock icon MTI debunks perception of widespread retail rent spikes
    1065 1  -  But findings met with scepticism from SMEs, retailers and property watchers By TEH SHI NING tshining@sph.com.sg @TehShiNingBT [SINGAPORE] A quarter of the retailers who renewed shop leases last year did so with no rent increases or lower rents, and most retailers faced
    BT Graphics; Source: Ministry of Trade and Industry, Economic Survey of Singapore First Quarter 2014  -  1,065 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,265.47 (+3.04) GST INDEX FUTURES 3,266.00 (+3.00) GSIMSCI 371.66 (+0.40) GSIMSCI FUTURES 371.60 (+0.20) US$ S$ US$ (S$ per US$) 1.252 (US$/S$ per 1.685 2.109 EURO (US$/S$/€ 1.369 1.714 Foreign currency per US$ S$ YEN 101.30 80.90 RM 3.216 2.568 HK$ 7.752 6.192 BAHT 32.53 25.98 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,881.16 -5.91 NIKKEI 225 14,075.25 +68.81 HANG SENG 22,834.68 +130.18 SET INDEX 1,394.69 -15.94 JAKARTA COMP 4,895.96 -119.04 MANILA COMP 6,882.73 +11.83 SEOUL COMP 2,011.26 -3.88 SHENZHEN B 809.19 -2.71 MUMBAI IND 24,376.88 +13.83 12noon EDT Change DOW 16,445.11 -66.75 NASDAQ 4,113.18 -12.63
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 5.35 MALAYSIA INDONESIA HONG KONG 5.00 INDONESIA 15.249 TAIWAN US JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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      169 1 CEO WORLD CUP And Ng Shin Ein makes 32! PAGE 10 STRAIT TALK Onboard safety culture think outside the box EXEC MONEY Asking clients what they want PAGE 32 COMMENTARY Plausible deniability and graft by MNCs PAGE 24 PAGE 21 DISTINCTLY INDIVIDUAL Martin No.38: for the discerning, whose vision is
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      295 2 MTI debunks retail rent hike perception A QUARTER of the retailers who renewed shop leases last year did so with no rent increases or lower rents, and most rental hikes were in line with inflation, MTI said yesterday. FRONT PAGE Thai martial law impact here limited OBSERVERS say
      295 words
    • Article, Illustration
      Lock icon Martial law move dents Thai stocks
      543 2 Baht drops 0.6% against US dollar; army’s move not a coup, says chief Bloomberg [BANGKOK] Thailand’s benchmark stock index headed for its biggest drop in almost two weeks and the baht declined as the army imposed martial law nationwide amid persistent political turmoil. The
      Bloomberg; PHOTO: BLOOMBERG  -  543 words
    • Article
      Lock icon Significant headway in TPP talks but no deal yet
      594 2  -  By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] The 12 Pacific Rim nations involved in piecing together an ambitious free-trade pact said yesterday that they had made significant headway in trying to overcome the thorny issues of market access and tariffs. They could
      594 words
    • Article
      Lock icon Clarification
      73 2 IN our story, “CDL cuts prices for Coco Palms launch” (BT, May 19), we reported that CDL had cut prices. CDL has clarified that it did not cut prices for the condo project, but the prices were lower than originally planned. It had wanted to launch units at $1,100-$1,200
      73 words
    • Article, Illustration
      Lock icon Manufacturing drives economy up 4.9%
      737 4  -  National accounts rebased from reference year 2005 to 2010 Q1 GROWTH By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Singapore’s manufacturing sector continued to power economic growth in Q1, building on earlier industrial strength first seen in the quarter before a reflection of the strengthening recovery in
      737 words
    • Article, Illustration
      Lock icon Rebasing the national accounts
      607 4 Singapore has updated its national accounts from a base year of 2005 to 2010. Real GDP estimates, which strip out the impact of inflation to show the economy’s growth at constant prices, are now based on 2010 prices. The Department of Statistics (DoS) undertakes this rebasing
      607 words
    • Article
      Lock icon Better showing for trade sector; IE maintains forecasts
      438 4  -  By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] Even though the trade sector improved in the first quarter, the government is not raising its 2014 growth forecasts for trade and non-oil domestic exports (NODX). Trade promotion agency International Enterprise (IE) Singapore said yesterday that
      438 words
    • Article, Illustration
      Lock icon PM Lee: Japan needs ‘trust and confidence’ of neighbours
      1049 4  -  B)’ ANTHONY ROWLEY in Tokyo JAPAN should establish relations of “trust and confidence” with its neighbours in order to preserve stability in Asia, Singapore’s Prime Minister Lee Hsien Loong said in an interview published today by Japan’s Nikkei newspaper on the
      PHOTO: REUTERS  -  1,049 words
  • Page 2 Advertisements
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      255 2 FIRST TIME IN ASIA EXPO FOR PROPERTY INVESTING CROWDFUNDING “Connecting markets. Realising possibilities” 18-19 JULY 2014 MARINA BAY FINANCIAL CENTRE, TOWER 3 DBS AUDITORIUM 18 JULY: TRADESHOW Who should attend: Developers, private equity firms, fund houses Looking for financial backers/partners/ investors? Achieve through EPICI lisl is 19 JULY: PUBLIC SHOW
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  • Page 3 Advertisements
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      129 3 Depuis 1775 s *£tt v SlSSf! ks^ It K 5* v n® f *^2s sr. \0 if V Z V mi pij^ V it S*P 2 ,v'^ m 9 Breguet, the innovator. Classique chronograph 5287 The double-seconds chronometer introduced in 1820 was the forerunner of the split-second chronograph and made
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  • COMPANY NEWS
    • Article
      Lock icon SGX looks to cut dependency on domestic volumes
      418 5  -  It is tying up with Clearstream to start new collateral management service By KENNETH LIM kenlim@sph.com.sg @KennethLimBT SINGAPORE Exchange (SGX) is looking to reduce its dependency on trading volumes by partnering with Clearstream to begin a new collateral management service in 12
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    • Article, Illustration
      Lock icon SMRT shares jump to 11-month high
      501 5  -  By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT SMRT Corp shares revved up to the highest in 11 months after it jumped 14.5 cents or 11 per cent to $1.475 yesterday. This is the second time since April that the counter has spiked sharply, which analysts had
      Source: Bloomberg  -  501 words
    • Article, Illustration
      Lock icon AirAsia X shares up 11% despite RM11.3m Q1 loss
      518 5  -  The budget carrier’s results should look better in H2: CIMB By S JAYASANKARAN By in Kuala Lumpur SHARES in AirAsia X (AAX) inexplicably rose 11 per cent to RM0.84 apiece yesterday despite the mediumhaul budget carrier posting a net loss of
      PHOTO: EPA  -  518 words
    • Article
      Lock icon Office Reits to outdo industrial: StanChart
      876 7  -  By 2016, office Reits are expected to offer higher dividend yields By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT SINGAPORE’S office real estate investment trusts (Reits) are likely to offer higher dividend yields than industrial Reits by 2016, said Standard Chartered Research. This will be on the
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    • Article
      Lock icon ST Engg unit buys Texas-based flight school
      251 7  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SINGAPORE Technologies Engineering’s Vision Technologies Aerospace Inc has snapped up a Texas-based flight school, Aviation Academy of America, for US$811,238 in a bid to expand its pilot training business. VT Aerospace, which owns five aerospace operating companies in
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    • Article
      Lock icon Why did STATS ChipPAC wait to be queried?
      604 8  -  HOCK LOCK SIEW B y R SIVANITHY sivan@sph.com.sg @RSivanithyBT UNDER the existing regulatory regime, the Singapore Exchange’s (SGX) role is mainly to signal caution to the market when it deems this necessary. This is accomplished via various mechanisms, the most familiar being
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    • Article
      Lock icon Financial insecurity up among S’poreans
      439 8  -  Survey: Retirement, ‘rainy day’ needs top 2 saving priorities By KARA QUEK karaquek@sph.com.sg FINANCIAL insecurity among Singaporeans has nearly doubled in the last six months, according to the Investor Attitudes Report released by Friends Provident International (FPI) yesterday. In an April survey, 36 per cent
      439 words
    • Article
      Lock icon MAS acts against ex-Maybank staff for insider trading
      258 8  -  By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT THE Monetary Authority of Singapore (MAS) has taken civil penalty action against a former Maybank relationship manager for insider trading. Koh Huat Heng was also a team head in the Affluent Banking Unit of the Singapore branch
      258 words
    • COMPANY BRIEFS
      • Article
        Lock icon Probe on Yongnam’s two top execs closed
        81 8 YONGNAM Holdings has announced that the Commercial Affairs Department (CAD) has closed its probe on two of its top executives for a possible breach of securities law linked to insider trading. Yongnam’s chief executive officer Seow Soon Yong and its finance and executive
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      • Article
        Lock icon Goodpack plays down talk of its sale to KKR
        89 8 GOODPACK Ltd said it is in talks with US private equity firm KKR Co but there is no certainty that the discussions will result in any transaction. The firm was responding to various news reports that KKR was close to clinching
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      • Article
        Lock icon Citic ‘still mulling options on Biosensors’
        58 8 BIOSENSORS International Group said that substantial shareholder Citic Private Equity Funds Management is still considering options to enhance the value of its investment in the firm. The options include restructuring Citic’s shareholding interest in the medical devices company. However, no decision to pursue any
        58 words
    • Article
      Lock icon S’pore is SEA’s most active private equity market in 2013
      479 8  -  B)’ JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT SINGAPORE has emerged as the most active private equity market in South-east Asia (SEA) in 2013, led by a boom in Internet-related, healthcare and services deals, a latest Bain Company report revealed. Deal value in
      479 words
    • Article
      Lock icon Marks & Spencer warns that its new website will hit sales initially
      327 8 Marks Spencer warns that its new website will hit sales initially Reuters [LONDON] British retailer Marks Spencer said it could start returning excess cash to shareholders on a regular basis as a more efficient supply chain boosts profitability and in-store clothing sales pick up following three years of decline. But
      Reuters  -  327 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      256 5 Company Name Stand No. 800 Super Holdings Ltd G18 Acetech Resource and Services Pte Ltd (Hako) A04 AJK Engineering Pte Ltd H13 Anaergia Pte Ltd J09 Ausko Pte Ltd J02 BMS Environmental Services Pte Ltd B13 Cimelia Resources Recovery Pte Ltd H09 Clean Solutions Pte Ltd C07 Colex Environmental Pte
      256 words
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      197 5 WORLD’S FINEST SERVICED OFFICES SERVICED OFFICES For the 1-10 person business v Fully furnished prestigious offices v Business registration offices available v Dedicated receptionist answering your calls the way you would like v Meeting rooms, bilingual secretaries v Global IT infrastructure v 5 days free at any location across the
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Prices drift in yet another dull session
      644 6  -  STI barely budges, little stimulus from overseas markets, dealers cite lack of follow-through STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE word dull doesn’t even begin to describe the funk the local stock market finds itself in. In yesterday’s session when the Straits
      Source: Bloomberg  -  644 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 May 20 VALUE CLOSE BT OB/OS -91.00 +82.00 BT CADI -*****.00 -2.00 BT 10-day MA -*****.00 -9.00 FTSE ST Mid Cap 765.41 +0.97 FTSE ST Small Cap 541.36 -0.78 FTSE ST All Share 794.35 +0.66 FTSE ST China Top 200.11 +0.29 FTSE ST China 230.72 +0.12 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME CCM 100,739,000 HanKore Env 71,197,000 CapitaMalls Asia 48,771,000 Memstar Tech 33,621,000 Artivision Tech 31,647,000 Teledata 28,988,000 QT Vascular 27,313,000 RH PetroGas 26,097,000 Golden Agri-Res 25,585,000 Noble 25,263,000 VALUE($) CapitaMalls Asia 114,625,580 SingTel 59,054,780 DBS Grp 38,437,964 UOB 35,821,000 Noble 32,890,545 SMRT 29,992,965 ComfortDelGro 26,814,776 JMH 400
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 5 0 0 0 7 3 5 Manufacturing 48 44 42 5 13 4 53 57 46 Commerce 18 20 19 6 3 0 24 23 19 Tpt/Stor/Comms 23 10 10
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      935 6  -  Compiled by KENNETH LIM Vard Holdings May 20 close: S$0.99 YTD, Vard has secured nine orders for new vessels worth about six billion Norwegian krone (S$1.26 billion), meeting about 41 per cent of our full-year order win forecast. Interestingly, at least four of these orders are for large
      Source: Bloomberg  -  935 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,361 19,361 37,385 37,385 Manufacturing 301,308 64,536 365,844 125,995 13,304 139,299 Commerce 63,119 24,349 87,468 107,141 2,685 109,827 Tpt/Stor/Comms 122,048 13,870 135,918 189,621 1,958 191,578 Finance 32,645 614 33,259 115,659 188 115,847 Construction 29,729 142,656
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      119 6 Stock name Close Change CapitaLand 3.120 -0.010 CapitaMall Trust 2.030 CapitaMalls Asia 2.350 CityDev 10.32 +0.040 ComfortDelGro 2.380 +0.070 DBS Grp 16.84 -0.010 Genting Sing 1.340 +0.005 Global Logistic 2.840 Golden Agri-Res 0.570 -0.005 HPH Trust USD 0.710 -0.005 HongkongLand USD 6.990 +0.030 JMH 400 USD
      119 words
    • Article, Illustration
      Lock icon Baht hurt, as army imposes martial law
      506 6 CURRENCIES Reuters [SINGAPORE] The Thai baht eased yesterday after the army imposed martial law, while the Indonesian rupiah extended losses on growing uncertainty over the outcome of presidential elections in July. Thailand’s army declared martial law to restore order after six months of
      Reuters; PHOTO: REUTERS  -  506 words
    • Article
      Lock icon RISES
      113 6 BY CENTS CLOSE UP IS S&P500 ***** 265.3 1.1 SPDRS S&P 500 10US$ ***** 130.2 0.6 SPDR DJIA 10US$ ***** 77.6 0.4 UOB.ES.1405 2279 51.0 2.3 Great Eastern 2046 49.0 2.5 DBXT MSUSA 10US$ 4697 33.8 0.6 Lyxor AsiaIT 10US$ 3730 32.5 0.7 DBXT FTVietnam 10US$ 2650 30.0 0.9
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    • Article
      Lock icon FALLS
      127 6 BY CENTS CLOSE DOWN Lyxor Indonesia10US$ 9025 -379.2 -3.2 Lyxor ThaiSET 10US$ ***** -212.8 -1.3 DBXT iBoxxSvEu 5US$ ***** -207.7 -0.6 DBXT AUDCS 5SG$ ***** -168.0 -0.7 DBXT AUDCS 5US$ ***** -147.7 -0.6 GLD 10US$ ***** -108.9 -0.7 DBXT Nifty 10US$ ***** -88.9 -0.6 Lyxor AsiaCS 10US$ 5960 -66.3
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      17 7 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
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      Lock icon Page 7 Advertisements Column 2
      204 7 Saxo client number: ***** 19.05 Singapore Turn your trade ideas into action Stock Options now available on SaxoTrader Now, with the addition of Single Stock Options on our award-winning platform*, hedge your risk and execute your equity strategies with more possibilities. Apply for an account at saxomarkets.com.sg/stockoptions FX I CFDS
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      17 8 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
      17 words
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      Lock icon Page 8 Advertisements Column 2
      118 8 MINI FAN (120cm Diameter) WINE CHILLER ...(15 bot to 168 bot) KatongFanShop 295 Tanjong Katong Road S (*****8) KatongFan@gmail.com SMS enquiry 8511 0056 25 SHOP UNITS FOR SALE For Retail Restaurant Address Description Tenure TOP Date Units Size 2 Jin Lokam (Kensington Sq) 25 Shop Units with Good Frontage on
      118 words
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      Lock icon Page 8 Advertisements Column 3
      294 8 InvestorRelationsHighlights Cordlife’s 9MFY2014 net profit grows 49.3% to S$14.4 million Cordlife Group Limited, a multi-product healthcare company catering to the mother and child segment, reported that its net profit attributable to owners of the company for 9MFY2014 increased 49.3% to S$14.4 million on strong revenue growth, healthy margins, a S$5.0
      294 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Lock icon Page 8 Miscellaneous Column 1
      42 8 ii'M $5 Million Anniversary Draw Group 1 Prize snowballed to cst $5,728,292 Draw on Fri, 23 May 2014 at 9.30pm For details, visit www.singaporepools.com.sg P L A V® Always Play with care. responsibly! Do not bet illegally. RGB Reg No: *****0202G m
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  • Page 9 Advertisements
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      2142 9 ADVERTORIAL Getting your house in order Putting in place a proper family governance structure will help sustain the success of family businesses in Asia from having the right qualifications, the job would ideally fall to someone who is passionate about the job, but also humble enough to operate within a
      2,142 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Japanese food group RE&S opens new headquarters
      427 10  -  $30m Tai Seng facility features laboratory and central kitchen By JAIRA KOH jairakoh@sph.com.sg HOME-GROWN Japanese food group RE&S Enterprises officially opened its new 100,000 sq ft headquarters in Tai Seng yesterday. The three-storey facility features a laboratory that tests for consistency and hygiene
      427 words
    • Article, Illustration
      Lock icon And she makes it 32!
      721 10  -  Ng Shin Ein, MD of private investment firm, is the final CEO to sign up CEO WORLD CUP By MICHAEL CHUA chuamc@sph.com.sg chuamc@sph.com.sg NG Shin Ein, the managing director of Blue Ocean Associates, a private investment company, joins 31 other corporate leaders in The Business
      PHOTO: ARTHUR LEE  -  721 words
    • Article
      Lock icon Singapore, Nanjing to explore health-care tie-ups
      266 10  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT IE Singapore and the Nanjing Health Bureau will facilitate exchanges between public- and private-sector health-care businesses of Singapore and Nanjing. The two sides will also identify and support a commercially-driven, demonstrative health-care platform project in areas such as master-planning,
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    • Article
      Lock icon S’pore is Asia’s top convention city again
      413 10  -  By KARA QUEK karaquek@sph.com.sg FOR the 12th straight year, Singapore has emerged as the highest-ranked Asian city for conventions, the Singapore Tourism Board (STB) announced yesterday. In a ranking of the top 20 global cities for holding conventions, Singapore emerged sixth beating fellow
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    • Article, Illustration
      Lock icon New arts fund for VWOs launched
      326 10  -  By LISABELLE TAN lisatan@sph.com.sg A NEW fund was launched yesterday to support arts projects that meet the needs and interests of the beneficiaries of voluntary welfare organisations (VWOs). The WeCare Arts Fund, which aims to improve access to and participation in the arts in
      326 words
    • Article
      Lock icon Govt to ensure S’poreans retire with more CPF
      353 10  -  It also unveils plans for a stronger healthcare system By and CHUANG PECK MING, MALMINDERJIT SINGH peckming@sph.com.sg msingh@sph.com.sg @MalminderjitBT SAVINGS in the Central Provident Fund (CPF) and the CPF Life annuity plan will be boosted to ensure that Singaporeans are better provided
      353 words
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  • Article, Illustration
    Lock icon Creating a nation of innovators
    1326 11 Prof Desai proposes creating an innovation academy as a catalyst for shaping Singapore into a nation of innovators A Special Feature Brought to You By Singapore Management University A VETERAN innovator with more than 40 years of experience creating and launching cutting-edge technologies, Professor Arcot
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  • Page 11 Advertisements
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      155 11 SMU Master of Science in Innovation BE AN ENTREPRENEURIAL LEADER SMU’s Master of Science in Innovation programme pushes you to think beyond current paradigms in order to discover innovation needs and to envision impact through strategic idea and concept development. Learn to transform innovation concepts into tangible new products, services,
      155 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Ore ban: Jakarta scores one as nickel price soars
      715 12 China firms shipping equipment to set up smelting plants in Indonesia instead Reuters [SYDNEY] When Indonesia vowed to halt exports of mineral ore to wring more profit from its rich resources, many predicted the policy would be an economic own-goal. But
      Reuters; PHOTO: REUTERS  -  715 words
    • Article
      Lock icon Election uncertainty hits Indonesia’s stocks
      395 12 Rupiah also weakens, trading down 0.61% to 11,485 per dollar Reuters [JAKARTA] Growing uncertainty over the outcome of Indonesia’s upcoming presidential election hit stocks and the rupiah for a second day yesterday. The election abruptly turned into a tight two-horse race on Monday after the
      Reuters  -  395 words
    • Article
      Lock icon No El Nino impact on palm oil seen until 2015
      268 12 Reuters [KUALA LUMPUR] Palm oil output in Malaysia is expected to edge up to to 19.4 million tonnes this year, a senior industry official said yesterday, with any damage from a possible El Nino phenomenon likely to be felt only
      Reuters  -  268 words
  • Page 12 Advertisements
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      410 12 WM M CleanEnviro Summit Singapore Innovative Clean Enviro-Solutions for Asia’s Growing Cities 1 4 June 2014 Sands Expo and Convention Center Marina Bay Sands, Singapore www.cleanenvirosummit.sg CleanEnviro Summit Singapore (CESS) An Event Not To Be Missed Organised by the National Environment Agency (NBA), Singapore, CleanEnviro Summit Singapore (CESS) is the
      410 words
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      Lock icon Page 12 Advertisements Column 2
      132 12 ■M Dermatologist Formulated All Natural Scientifically Proven Treatment for Thicker Looking Hair m mh D l h n Hair ReviV0 9en F uTs S e e t 0f Natural ingredients deliver results without side effects Revolutionary ingredients to block DHT production in the scalp Clinically proven with high success rate
      132 words
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  • CHINA/INDIA
    • Article
      Lock icon China to let local govts sell bonds to cut debt risk
      619 13 Beijing also vows to deliver stable growth while it pursues reforms Reuters [BEIJING] China’s Cabinet signalled yesterday it was closer to allowing local governments to directly sell bonds for the first time and said it would phase out opaque
      Reuters  -  619 words
    • Article, Illustration
      Lock icon Modi’s win set to bring back share issues
      727 13 But big-ticket IPOs may await progress in promised reforms Reuters [MUMBAI] Narendra Modi’s landslide election win is set to trigger billions of dollars in share sales by Indian companies riding market optimism, but big-ticket IPOs may have to wait until the new
      Reuters; PHOTO: AFP  -  727 words
  • Page 13 Advertisements
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      528 13 HONORING THE BEST IN LOCAL ENTERPRISES 20// RECOGNIZING BUSINESS EXCELLENCE RISING TO PROMINENCE The Promising SME 500 2014 Brand Campaign has been a phenomenal success thus far. With a stellar cast of the most talented business minds in Singapore, we are proud to be a national platform that pays tribute
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  • WORLD
    • Article, Illustration
      Lock icon Credit Suisse pleads guilty in felony case
      787 14 It agrees to count of conspiring to aid tax evasion in scheme spanning decades NYT [NEW YORK] Credit Suisse has done what no other bank of its size and significance has done in more than two decades: pleaded guilty to criminal wrongdoing. In
      NYT; PHOTO: BLOOMBERG  -  787 words
    • Article
      Lock icon Search engines face rise in removal requests
      316 14 Bloomberg [PARIS] France’s privacy watchdog said more citizens are asking for help getting their personal information removed from search engines such as those run by Google Inc and Microsoft Corp, less than a week after the European Union’s (EU) top court ruled on
      Bloomberg  -  316 words
    • Article, Illustration
      Lock icon MasterCard and Visa weigh costs in Russia
      621 15 They have 6 weeks to decide whether new law there is worth the expense Bloomberg [NEW YORK] Visa Inc and MasterCard Inc have about six weeks to decide whether a new Russian law requiring them to pay hundreds of millions of dollars to
      Bloomberg; PHOTO: REUTERS  -  621 words
    • Article, Illustration
      Lock icon AAA rating loss if budget not passed, warns Aussie PM
      309 15 AFP [SYDNEY] Australian Prime Minister Tony Abbott warned yesterday that the country could lose its coveted AAA credit rating if the tough measures in his government’s maiden budget are not adopted. The conservative leader, who has suffered a plunge in
      – AFP  -  309 words
    • Article
      Lock icon Google said to have held talks to buy video service Twitch
      299 15 Bloomberg [SAN FRANCISCO] Google Inc has held talks to purchase video service Twitch Interactive Inc to boost its YouTube site, according to a person with knowledge of the matter. With Twitch, Google would gain a platform that has more
      Bloomberg  -  299 words
    • Article
      Lock icon No gas deal between China-Russia as yet
      547 15 Failure to reach deal suggests China driving hard bargain Reuters [SHANGHAI] China and Russia have not yet clinched a price agreement on a long-awaited multi-bil-lion dollar gas supply contract, a Russian government official said yesterday, amid growing urgency for the Kremlin to seal
      Reuters  -  547 words
    • Article
      Lock icon Wall Street regulator probes abuses of algorithm trade
      399 16 Finra has 170 ongoing investigations of trades used to affect options Reuters [WASHINGTON] Wall Street’s self-regulator is cracking down on abusive trades made on the basis of mathematical algorithms and currently has some 170 ongoing investigations into the subject, its chief said
      Reuters  -  399 words
    • Article, Illustration
      Lock icon Swiss central bank under pressure as ECB mulls stimulus
      733 16 It will need to keep franc from rising if ECB undertakes easing policy Bloomberg [LONDON] Swiss policy makers are under increasing pressure to come up with a contingency plan to curb gains in the franc that would likely result from a
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      Lock icon Action camera maker GoPro files for IPO
      446 16 It plans US$100m Nasdaq listing and will transform to a media company Bloomb erg [NEW YORK] GoPro Inc’s cameras are made to withstand filming in waves, wind and snow. Now, the company is set to face investors after filing for an initial share
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      Lock icon Samsung revamp results in US$22b boost
      870 17 Talk of the founding family restructuring the co is music to ears of investors Bloomb erg [SEOUL] Speculation that Samsung Group’s founding family will revamp South Korea’s biggest business empire to retain control has so far had an unlikely beneficiary: minority shareholders. The conglomerate
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      Lock icon EU accuses three banks of Euribor rate rigging
      578 18 JPMorgan, Credit Agricole vow to defend themselves against allegations Bloomberg [BRUSSELS] JPMorgan Chase Co, HSBC Holdings plc and Credit Agricole SA were accused yesterday by the European Union’s (EU) antitrust arm of colluding to manipulate interbank lending rates. The trio received antitrust
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      Lock icon Humans the weakest link in cyberattacks
      574 18 Indictment of Chinese hackers reveals spearphishing targeted at US company employees Bloomberg [SAN FRANCISCO] Some of the biggest companies in the US remain vulnerable to one of the oldest hacking tricks in the book, according to Monday’s indictment of five Chinese military officials accused
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    • Article
      Lock icon Immigration boom propels Germany past UK: survey
      305 18 Bloomberg [MUNICH] Germany has risen to become the world’s number two destination for permanent migration, overtaking the United Kingdom and Canada, as the sover-eign-debt crisis forced southern Europeans to leave home, according to a survey by the Organization for Economic Cooperation and Development
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      1956 14 The Business Times Ik 1 ✓"’1 I 1 Toll free 1800-289-8822 I Email noticesasph.com. sg J V I www.sphclass.com.sg/notices NORD/LB Norddeutsche Landesbank Girozentrale Head Office: Friedrichswall 10, ***** Hannover, Germany. Tel: +49 (0) 511 3610 Fax: +49 (0) 511 361 2502 Singapore Branch: 6 Shenton Way, OUE Downtown 2, #16-08/09/10
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      389 15 s Communlolisla2014 www.CommunicAsia.com Experience connectivity and mobility at work, home and play! Over 1,300 international exhibitors will be showcasing their latest innovative solutions at Asia’s largest info-communications technology event. Exciting events are line-up exclusively for you... Witness innovative products and solutions Entire ICT ecosystem from 4G LIE, AR and Innovations,
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      1185 16 Crédit Agricole (Suisse) SA, Geneva Head Office: Quai Général-Guisan 4, CH-1204 Geneva, Switzerland Singapore Branch: 168 Robinson Road, #23-03 Capital Tower, Singapore *****2 CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2013 2013 2012 in thousands in thousands of CHF of CHF 1. Assets Liquid assets 3,264,497 2,721,873 Amounts due arising
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      748 17 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices Independent Auditor’s Report to the Shareholders of Qatar National Bank S.A.Q. Report on the Consolidated Financial Statements We have audited the accompanying consolidated financial statements of Qatar National Bank S.A.Q. (the "Bank”) and its subsidiaries (together referred to as the
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      1326 18 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices BEAMSMfj 10 DES VOEUX ROAD CENTRAL, HONG KONG INDEPENDENT AUDITOR S REPORT To The Shareholders of The Bank of East Asia, Limited (incorporated in Hong Kong with limited liability) We have audited the consolidated financial statements of The Bank of
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      309 18 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DORABEE GROUP PTE. LTD. (Company No: *****2072D) (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the
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      1027 19 Myanmar O Banking Business Development Conference 2014 15- I 7 July 2014 Sule Shangri-La Hotel,Yangon, Myanmar The only strategic conference dedicated to the banking industry and business development climate in Myanmar where people, innovations, and best practices converge to define the future 4&U Defining the future iiil/r.tr'cP Showcase your products
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      24 19 klSS92 FM place one in songs great the All S m A Vj Va Vi IN THE MORNING WEEKDAYS 6AM-10AM D facebook.com/kiss92fm J>-@kiss92fm www.kiss92.sg
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      2468 19 at 31 December 2013 Balance Sheets Consolidated Income Statement for the year ended 31 December 2013 2013 ***** million million Assets Cash and balances at central banks 49,915 80,298 Items in the course of collection from banks 1,007 1,256 Trading and other financial assets at fair value through profit or
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      185 19 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND FOOTWEAR ASSOCIATED (SINGAPORE) LIMITED (REG: *****3772G) (In Members’ Voluntary Liquidation) Notice of Final Meeting NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member of the abovenamed Company will
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      55 20 SCRAP or export? COE DUE? We help you get the BEST PRICE for your vehicle! A fev Get offers by over 100 Scrapyards Direct Exporters Hassle-free Documentation Immediate Encashment «)UOTZ Selling Made Simpler We heL pyou it 4/Htnu Call Quotz at 6744 7571 for a non-obligatory quote for your car.
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  • Transport HUB
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      Lock icon BW expands its chemical tanker fleet
      377 21  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT OIL-AND-GAS maritime transporter BW Group (BW) yesterday announced an expansion to its chemical tanker fleet, just a day after setting up a new entity for its foray into the product tanker market. BW said it has signed a purchase
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      Lock icon TRANSPORT STOCKS
      250 21 SGX '000 May 20 S$ +/-Vol Ch Offshore 0.43 unch 90 Chuan Hup Hldg 0.28 0.01 894 Cosco Corp 0.72 unch 697 Cwt Limited...............1.68 0.03 1633 Ezra Hldgs 1.03 unch 929 First Ship Lea 0.09 -0.01 292 Grand Banks 0.25 unch 112 Jaya Hold Ltd .043 K1Ventures................0.18 -0.05
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      Lock icon Onboard safety culture – think outside the box
      923 21  - Onboard safety culture think outside the box STRAIT TALK By DAVID HUGHES LAST week’s column talked about the substantial costs involved when things go badly wrong at sea. Of course, it is far better to avoid accidents in the first place. Moreover, the recent sinking of the South Korean ferry
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      Lock icon Pamphlet to promote navigational safety launched
      370 21  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT SINGAPORE and its littoral neighbours, Indonesia and Malaysia, yesterday jointly launched a pamphlet to promote navigational safety and marine environment protection in the Straits of Malacca and Singapore (SOMS). The Safe Passage: The Straits of Singapore and Malacca (Safe
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      Lock icon New execs join Indian ship register
      217 21  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT EYEING opportunities in the international maritime centres, the Indian Register of Shipping (IRClass) has announced new senior appointments in Singapore and London. IRClass is an independent ship classification society providing ship classification and certification as well as technical inspection
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    • TRANSPORT HUB: AVIATION
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        Lock icon Jetstar strives to stay in the air, beat overcapacity
        781 22  -  Low-cost carrier ekes out growth via higher utilisation of aircraft, cost cutting By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT BUDGET carrier Jetstar Asia is eking out growth through higher aircraft utilisation while trimming costs to protect yields as airlines in the region continue
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        Lock icon Malaysia, Inmarsat to release satellite data used in MH370 search
        519 22 [KUALA LUMPUR] Malaysia’s aviation authority and British company Inmarsat said yesterday that they would release satellite data used to narrow the search for missing flight MH370 down to the southern Indian Ocean. Family members of the 239 people on board
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      • Article
        Lock icon Conspiracy theories re-emerge
        653 22 They range from Taliban hijack or meteor strike to accidental shoot-down AFP [KUALA LUMPUR] The fruitless MH370 search has breathed new life into conspiracy theories on the plane’s fate, with a book, two films and even a former prime minister pushing ideas ranging from diversion by the
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        Lock icon Embraer bets on more overhead storage to boost aircraft sales
        465 22 Bloomberg [SAO PAULO] In an era when airlines are squeezing passengers with charges of an average US$25 for checked bags, Embraer SA is making more room for carry-ons. Embraer’s second-gen-eration E-Jet will have overhead storage providing at least 40 per
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    • TRANSPORT HUB: LAND
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        Lock icon Cat A COE premium may rise only slightly
        469 23  -  Relatively low list prices of the cars booked may temper any increase By SAMUEL EE samuelee@sph.com.sg MOTOR distributors may have enjoyed strong orders over the past two weeks but any increase in COE (Certificate of Entitlement) premiums today will likely be tempered
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        Lock icon Chinese billionaire vows to take on Tesla
        1196 23 Lu Guanqiu plans to build electric cars in the US and ultimately in China Bloomberg [BEIJING] The Chinese billionaire who bought Fisker Automotive Holdings Inc at a bankruptcy auction is planning to build a new slate of electric-drive cars in the US, challenging
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      27 21 Visit www.nanyangemba.com/meetmay to sign up for our upcoming information session, 29th of May at 6.30pm Contact us at +65 6790 6413 6592 3502 or email execmba@ntu.edu.sg www.ntu.edu.sg
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      26 22 Get rid of the new neighbours Hire pest control specialists or publicise your services in CLASS 116 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Page 22 Miscellaneous
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      334 22 CRYPTIC CROSSWORD Across 1 Escapes from rich people on cul-de-sacs (5,6) 9 Sign of remorse seeing material on fire? (9) 10 Run away from revolutionary European, free at last! (5) 11 Short article very dry about parking (6) 12 Budding setter’s back with new genre, not without a negative reaction
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      212 23 QiIKT ALL-STARS EDITION ALL This year, we are celebrating 10 years of ChildAid with you as our stars! Come join the show to raise funds for two worthy children's charities and with a star-studded alumni of ChildAid, many of whom have gone on to become stars of their own. So
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      70 23 :2.=/+=*9< )!#DC=#6!,=!#6B+#68D( <#6!1C BC# 86B#DB B#1C 0#68D *3?%& #718@DA># $!%5%BA%3D "!%5 4!630D 630 !#B6A8#!D GADGETS Download :2.=/+=*9< for now on iPads or Android tablets and stand to ;A3 a Samsung Galaxy Tab Pro (8.4”) worth $698 (3 sets to be won)! PLUS FREEtablet screen protector and installation from Love Mobile
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  • EDITORIAL & OPINION
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      Lock icon Modi’s mandate can change India
      484 24 EDITORIAL THE unexpected landslide victory of the Bharatiya Janata Party (BJP) in India’s general election is a resounding mandate for governance rather than just government and for economic development and opportunity rather than handouts and subsidies. There are two aspects of the result that are
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      Lock icon In Singapore it’s the ‘ultra haves’ who need to change
      799 24  -  THE BOTTOM LINE DAVID MASON The writer, a Price Waterhouse Singapore partner for 18 years, is a business communications consultant in the UK who spends several months a year in Singapore SINGAPORE turns 50 next year. It has been an
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      Lock icon Plausible deniability and graft by MNCs
      1666 24  -  Boards should stop hiding behind conduct codes and anti-graft and compliance plans By MAK YUEN TEEN The writer is an associate professor at the NUS Business School where he teaches corporate governance and ethics THE report “Police charge former China head, 2 execs of
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      Lock icon Planning the cities of the future
      988 25  -  SustainabIe urban development is crucial for economic growth and prosperity as the world’s population grows By JEREMY BENTHAM The writer is head of Shell’s scenarios team Shell’s ‘New Lenses on Future Cities’ pamphlet will be published in the week beginning June 2. A global
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      Lock icon India’s voters dumped an ideology, not a party
      1085 25  - India’s voters dumped an ideology not a party REUTERS BREAKINGVIEWS By ANDY MUKHERJEE IN HANDING its worst-ever defeat to Sonia Gandhi’s Congress Party, Indian voters have not only rejected a dynastic cabal and its clumsy governance, but they have also junked its deeply cynical economic ideology. n the 10 years
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    • Article
      Lock icon Why this week’s European Parliament polls matter to S’pore
      821 25  -  By MICHAEL PULCH The writer is ambassador of the European Union to Singapore THIS year is crucial for the European Parliament and the European Union as a whole. From May 22 to 25, the 2014 European elections will give voters the
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  • Article
    Lock icon SHIPPING TIMES
    2255 26 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      39 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times Shipping Times
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      170 27 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times I FREIGHT FORWARDER urgently needed by shippers 1 Can they
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4398 28 Transaction date: May 20 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 Company Last Sale --AAT ('000) High Low Buyer Seller Div Gr Yld 12.3 6.7 AIMS Property 12.3 +0.3 560 12.3
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      Lock icon SGX CATALIST
      390 29 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 35 23 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer
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      Lock icon UNIT TRUST & FUNDS
      11677 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.53/ Aberdeen Asset Mgt Asia Limited 1.22/ Asian Local Ccy SD Bond Global Emerging Markets!** 1 9901/ China Opportunities 1 7 8 EM Local Ccy Bond *****/ European Opportunities 1 1 3856/ Global Emerging Markets!”
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      Lock icon GLOBALQUOTE
      261 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 62 40 AVJennings A54 unch 6 54 54 54 57.5 3.6 6.5 4.4 199.9 4.5 0.7 OGL Resources A$ A1 -0.5 76 1 0.7 1 1.2 0.2
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      Lock icon SGX ETF
      1131 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 119.8 108.3 ABF SG Bond ETF 115 +0.6 1 115 115 115 115.2 525 138.7 119 CIMB APAC Div 100S$D 130.5 -0.4 130.5 130.5 129.1 131.7
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      658 30 May 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.45 *****.04 *****.06 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****2 Sep14 *****.00 *****.00 *****.00 *****.00 15 8641 MSCI TAIWAN INDEX FUTURES SPOT 320.01 320.52 318.93 May14 319.00 320.90 318.40 320.10 ***** *****4 Jun14 318.70
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr May 19 Index Change Change Change Change Change Change World Preliminary 1196.3 0.1 1.0 0.0 0.4 0.1 1.5 EAFE Preliminary 950.5 -0.3 -0.6 -0.3 -0.4 -0.2 0.7 Europe Preliminary 1391.7 -0.1 2.7
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 30 May 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.009 5.788 0.678 7.192 54.470 106.361 0.940 9.512 2.983 1.081 91.508 40.571 1.161 9.661 0.829 27.979 30.173 0.551 0.928 Canada 0.991 5.737
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    • Article
      Lock icon SIBOR
      29 30 May 20 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) ..0.***** Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      78 30 May 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.34 5-Year NX*****W 2.5 01-Jun-19 105.63 105.70 105.70 10-Year NX*****H 2.750 01-Jul-23 103.6 103.70
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      Lock icon PRECIOUS METALS
      138 30 May 20 GOLD(US$/oz) May 20 May 19 Hong Kong 1295.00 1302.00 May 19 May 16 London 1298.16 1293.60 1298.93 1294.25 Source: Thomson Reuters CAST BAR May 20 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 312 257 10gm 581 517
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    • Article
      Lock icon PALM OIL
      57 30 May 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 14 2597.0 2559.0 2597.0 2555.0 1507 7778 Jul 14 2559.0 2536.0 2560.0 2528.0 9432 ***** Aug 14 2546.0 2524.0 2547.0 2514.0 ***** ***** Sep 14 2542.0 2519.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 30 May 20 May Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1606 1.1622 0.9274 0.9280 Canadian dollar 1.1506 1.1521 0.9199 0.9194 Euro 1.7131 1.7144 1.3688 1.3689 NZ dollar 1.0740 1.0754 0.8582 0.8587 Sterling pound 2.1080 2.1099 1.6844
      156 words
    • Article
      Lock icon CHICAGO BOT
      109 30 May 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1485.25 1465.00 1492.75 1456.25 Aug 14 1419.75 1399.75 1425.00 1396.75 Sep 14 1293.25 1274.00 1299.00 1272.25 Nov 14 1238.75 1221.50 1244.50 1217.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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      Lock icon LIFFE
      94 30 May 19 COCOA (£/tonne) Close Prev High Low Jul 14 1839 1825 1840 1811 Sep 14 1840 1831 1842 1817 Dec 14 1843 1835 1846 1821 Mar 15 1840 1832 1845 1820 COFFEE(US$/tonne) Close Prev High Low May 14 2042 2051 2066 2040 Jul14 2037 2046 2064 2017 Sep
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1068 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.2 0.3 1 -48 3.82 50 Asia-Pacific Strategic W*****6 2 -0.1 4697 1 2 60 Ratio Albedo Limited W*****9 Price Asiatic Grp(Hldgs) Ltd W*****5 Disc Asiatravel.com HoldingsW*****7 1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS May 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.95 -0.21 WTI (Near Mth) 102.60 0.51 Dubai (1-Mth F) 105.87 0.77 Tapis blend 114.68 1.78 Minas 110.38 0.78 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.78 0.72 Jet Kerosene 120.75 0.64 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      23 30 May 20 May s$ Bid Offer 1-month 1.2515 1.2524 2-months 1.2515 1.2524 3-months 1.2514 1.2524 6-months 1.2513 1.2522 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 30 May-19 May-19 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1732.25 1728.25 3 months 1774.00 1769.50 Copper, Grade A(US$/tonne) Cash 6983.00 6923.50 3 months 6925.00 6860.00 Lead(US$/tonne) Cash 2127.75 2111.50 3 months 2153.00 2133.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am May 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.194 1.138 Can dollar 1.172 1.127 Euro 1.755 1.672 Sterling pound 2.143 2.061 NZ dollar 1.105 1.063 US dollar 1.276 1.216 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      157 30 May 20 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.06 US$ 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
      157 words
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      143 31 Attention Local Business Owners! Breach our to** 1.3MILLI0N POTENTIAL ■CUSTOMERS FOR FREE! ‘Average monthly visitors on STDirectory STDirectory.sg is offering a two-month free trial for an enhanced online directory business listing package to local businesses. This package includes: COMPANY LOGO COMPANY PROFILE Display your business logo to represent your company's
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  • executive Money
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      Lock icon Asking clients what they want
      956 32  -  Citi’s wealthy clients are keen on the fixed income asset class and real estate By GENEVIEVE CUA gen@sph.com.sg HIGHcost-to-incomeratios are the biggest challenge among private banks here, said Bassam Salem, Citi Private B an k c hi e f execu t i ve (Asia-Pacific). Failure
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      Lock icon Deutsche Bank tries ethics reform
      1179 31  -  Measures range from leadership seminars to new compensation practices to a halt to proprietary trading, reportsJACK JACK EWING NYT [FRANKFURT] S THE banking sector tries to distance itself from the industry practices that helped plunge the globe into financial crisis, Deutsche Bank is doing its
      NYT; PHOTO: BLOOMBERG  -  1,179 words
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      Lock icon Top Philippine fund manager sells stocks as valuations rise
      719 31 BDO’s new funds to give clients access to overseas markets Bloomberg [MANILA] The biggest Philippine money manager is reducing equity holdings on concern a rally that drove valuations to the most expensive level in Asia is poised to end. The Philippine
      Bloomberg; PHOTO: BLOOMBERG  -  719 words
  • Page 32 Advertisements
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      103 32 I ation gapore I I 0 0 V'v'* r\ 3/ < 25 vS ■m: U:S-’7 From transport to property to commodities, J.P. Morgan has been at the forefront of many pioneering deals that have helped build today’s Singapore. For 50 years, we’ve enabled clients to realize their ambitions using our
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      Lock icon Page 32 Advertisements Column 2
      32 32 Need a room flat? *1 T If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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