The Business Times, 30 May 2014

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Total Pages: 40
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, May 30, 2014
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  • Article
    Lock icon Booking of contract revenue set to change
    837 1  -  From 2017, firms must follow a 5-step model requiring more judgment, estimates By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] In what may be the biggest change in recent years in the manner companies prepare their accounts, the world’s global financial standards setting body has
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,300.71 (+28.87) GST INDEX FUTURES 3,301.00 (+29.00) GSIMSCI 375.07 (+3.74) GSIMSCI FUTURES 375.70 (+3.40) US$ S$ US$ (S$ per US$) 1.254 (US$/S$ per 1.670 2.095 EURO (US$/S$/€ 1.359 1.705 Foreign currency per US$ S$ YEN 101.60 81.00 RM 3.216 2.564 HK$ 7.753 6.181 BAHT 32.78 26.13 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Thursday Change KL COMP 1,876.62 +4.96 NIKKEI 225 14,681.72 +10.77 HANG SENG 23,010.14 -69.89 SET INDEX 1,408.51 +5.72 JAKARTA COMP Closed MANILA COMP 6,676.67 -111.21 SEOUL COMP 2,012.26 -4.80 SHENZHEN B 818.12 -5.91 MUMBAI IND 24,234.15 -321.94 12noon EDT Change DOW 16,648.59 +15.41 NASDAQ 4,236.47 +11.40
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 5.35 MALAYSIA INDONESIA HONG KONG 5.00 INDONESIA 15.106 TAIWAN US JAPAN 1.475 KOREA 9.33 Source: Bloomberg
      19 words
  • Article, Illustration
    Lock icon CPF provides peace of mind: Chuan-Jin
    633 1  -  By LEE U-WEN leeuwen@sph.com.sg@LeeUwenBT [SINGAPORE] The Central Provident Fund (CPF) system may not be perfect, but it remains a valid system today, Manpower Minister Tan Chuan-Jin said in Parliament yesterday. There are trade-offs Singaporeans need to contend with, he said, given that the CPF
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  • Page 1 Advertisements
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      217 1 PROPERTY Automobile Association buys $43m East Coast property page 28 COMMENTARY Building liveable cities a serious business PAGE 26 WINE Lesser lights of 1990 show their class COMPANIES SingPost shares jump to record high PAGE 5 PAGE 39 EXECUTIVE LIFESTYLE Performing arts for beginners IPage 35 Read Boardroom Matters, a
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      463 2 Booking of contract revenue set to change THE world’s global financial standards setting body has announced a substantial alteration in the way revenue is to be recognised. FRONT PAGE CPF provides peace of mind: Chuan-Jin THE Central Provident Fund system may not be perfect, but it remains a
      463 words
    • Article, Illustration
      Lock icon Abe ‘to deliver reassuring message’ on security policy
      569 2  -  He will be making the keynote speech at the Shangri-La Dialogue in S’pore By ANTHONY ROWLEY in Tokyo THE keynote speech that Japanese Prime Minister Shinzo Abe is due to give this evening at the Shangri-La Dialogue meeting in Singapore will enable
      PHOTO: AFP  -  569 words
    • Article
      Lock icon NS proposals to cost $4.5b over 10 yrs
      408 2  -  Eng Hen: Hear ‘Millennial NSmen’ and adjust policies YESTERDAY IN PARLIAMENT By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] The various recommendations put forth by the Committee to Strengthen National Service (CSNS) last week, if accepted, will cost $4.5 billion over the next 10
      408 words
    • Article, Illustration
      Lock icon Rich Asian investors enjoy trading: Barclays Wealth
      795 2  -  By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] Rich Asians like to trade, especially in foreign exchange (FX) and derivatives, and they do it well, said Didier von Daeniken, chief executive of Barclays Wealth, Asia Pacific. “Asian clients have the ability to move from
      795 words
    • Article, Illustration
      Lock icon Swathe of ocean ruled out as jet crash zone
      657 4 AFP [SYDNEY] Australia yesterday ruled out a large swathe of Indian Ocean as Flight MH370’s final resting place after a lengthy underwater hunt, as a US Navy official queried whether the missing plane ever went there. The Joint Agency Coordination Centre
      AFP  -  657 words
    • Article
      Lock icon Two homegrown start-ups raise record Series B funding
      668 4  -  GrabTaxi secures more than US$15m; Green Koncepts raises several million dollars By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT [SINGAPORE] Two homegrown start-ups a taxi-booking mobile app and an energy management solutions provider have raised record Series B funding that will allow them to accelerate
      668 words
    • Article, Illustration
      Lock icon Making waves with world’s first portable solar generator
      587 4  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT [SINGAPORE] The sun is rising on Singapore solar start-up AspectSolar, which has created the world’s first and only portable solar generator. The machine automatically rotates and tracks sunlight all day, giving users electricity exactly when and where
      PHOTO: YEN MENG JIIN  -  587 words
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      233 2 going overseas for holidays? All goods brought into Singapore are subject to 7 per cent Goods and Services Tax (GST). You are required to pay tax on goods in excess of your GST relief. Please produce the receipts of your overseas purchases at the Customs Red Channel or Tax Payment
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      173 3 Munich Automobiles munichauto.com.sg The Ultimate Driving Machine a* TT BMWX5 M50d s 4 740Nm of torque Most powerful 6-cylinder diesel engine in the world UPHILL CLIMB BMW TRI-TURBO DIESEL ADRENALINE RUSH. Adrenaline upon ignition. The rush of acceleration and immense power as the increased torque kicks in. These are some
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  • Page 4 Advertisements
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SingPost shares jump to record high on Alibaba deal
      683 5  -  Some analysts guess China firm may also buy SingTel’s 25% stake in SingPost By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT CALL it the “Alibaba effect”. Investors cheered Singapore Post’s (SingPost) strategic pact with China’s e-commerce giant Alibaba, jolting its shares up by 8.4
      Source: Bloomberg  -  683 words
    • Article, Illustration
      Lock icon Tie-up may boost Alibaba’s potential IPO valuation
      363 5 Deal highlights value of growth outside China REUTERS BREAKINGVIEWS Reuters [HONG KONG] Alibaba hasn’t even completed its US initial public offering, but already it is striking out overseas. A US$249 million stake in logistics group Singapore Post (SingPost) targets one area where the
      Reuters  -  363 words
    • Article
      Lock icon FTSE Asean Index to include more indices
      223 5  -  By SHEENA TAN tsheena@sph.com.sg TO cover the growing equity market, the FTSE Asean Index series will be expanded to include four new indices, global index provider FTSE Group and the Asean exchanges said yesterday. The expanded series includes Vietnamese stocks listed on the
      223 words
    • Article
      Lock icon Tat Hong Q4 profit plunges 77% to $4.2m
      550 6  -  Earnings hit by Aussie slowdown, losses from several Indonesian units By RAPHAEL LIM raphlim@sph.com.sg CRANE supplier Tat Hong Holdings’ fourth-quarter net profit plunged 77 per cent from a year earlier, hit by a slowdown in the Australian economy and losses from several
      550 words
    • Article
      Lock icon Old Chang Kee profit rises 21% to $6m
      314 6  -  Signature puff products still major revenue generator for the snack chain By CARINE LEE carinel@sph.com.sg @CarineLeeBT OLD Chang Kee yesterday reported a 20.8 per cent rise in net profit to $6.02 million for the fiscal year ended March 31. The local snack
      314 words
    • Article
      Lock icon IHH Healthcare Q1 profit up 25% at RM159m
      307 6  -  Top contributor Parkway Pantai’s revenue rises 14% to RM$1.04b By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT HOSPITAL operator IHH Healthcare chalked up a 25 per cent year-on-year jump in net profit to RM$159.05 million for the first quarter ended March 31. Revenue was up
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    • Article, Illustration
      Lock icon SingTel spends $2m on data compliance
      592 9  -  It expects to spend $500,000 annually to stay within personal data law By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT SINGTEL has shelled out more than $2 million to make sure that it complies with the new personal data protection law that looms on July 2, the
      PHOTO: AFP  -  592 words
    • Article
      Lock icon Full convergence with IFRS slated for 2018
      374 9  -  Move augurs well for Singapore as a financial hub By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT ALL Singapore-incorpora-ted companies listed on the Singapore Exchange (SGX) will apply a new financial reporting framework identical to the International Financial Reporting Standards (IFRS) in 2018. The announcement, made
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    • COMPANY BRIEFS
      • Article
        Lock icon Eastern Holdings FY profit surges to $23m
        51 9 EASTERN Holdings reported a net profit of $23.05 million for the full year ended March 31, 2014, up from $2.17 million previously. Revenue shot up to $26.6 million, more than doubling from $10.54 million. Earnings per share were 7.68 cents, up from 0.72
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      • Article
        Lock icon Courts Q4 earnings down 38% at $7.84m
        83 9 COURTS Asia reported a 38 per cent slide in net profit to $7.84 million for Q4 FY13/14, dragged down by higher expenses, while sales rose 9.8 per cent to $206.9 million. Earnings per share were 1.43 cents, down from 2.26 cents. For the
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      • Article
        Lock icon King Wan posts 29% fall in Q4 profit
        94 9 KING Wan Corp reported a 29 per cent slide in profit to $2.05 million for the fourth quarter ended March 31, 2014 while revenue slumped 30 per cent to $20.74 million. Earnings per share for the quarter worked out to 0.59 cent,
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      • Article
        Lock icon PEC bags contracts worth $100m
        48 9 ENGINEERING group PEC has added new contracts worth $100 million to its orderbook. These include a contract from an existing client to provide engineering, procurement and construction works for the development of crude oil storage and handling facilities in the United Arab Emirates.
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      • Article
        Lock icon Rexonic names 2 new independent directors
        36 9 REXONIC, a joint venture between Rex International Holding and Switzerland-based Ogsonic, has appointed industry veterans William Wright and Herbert Hoffstätter as independent directors to Rexonic’s board, effective from May 6.
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    • Article
      Lock icon 49 SGX listed firms have business in Thailand
      438 9  -  19 of them have minimum 10% of revenue from there By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT ABOUT 50 companies listed on Singapore Exchange (SGX) with a total market value of $46.2 billion have reported business activity specific to Thailand in their most recent
      438 words
    • Article
      Lock icon DBS PayLah! takes on mobile wallet market
      591 9  -  By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT DBS has zipped in to tackle the mobile wallet space head-on, following a poor-er-than-expected take-up of its existing virtual credit card service. Its new mobile wallet known as DBS PayLah! was officially launched yesterday. With this mobile wallet,
      591 words
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      Lock icon Page 5 Advertisements Column 1
      240 5 PARADISE FOUND PHOTOGRAPHED BY CHUANDO FREY From left, Igor Augusto in printed trackpants, Zara. Single-breasted blazer (slung over shoulder), Topman. Takeshi Uematsu in military coat and slim trousers, Zara. Printed cotton shirt, H&M. Madison Stubbington in tassel tunic, H&M. Sheer embroidered stockings, Topshop. Ankle boots, Vince Camuto. Adam Butcher in
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      109 5 WAREHOUSE SALE 70 M \0 I0AM-8PM Available Walk In and Online: WWW.OAKS.COM.SG FREE Wine, Whisky, Champagne, Sake, Vodka, Accessories.. Rating RP-93 RP-90 RP-91 RP-90 RP-95 RP-95 RP-91+ RP-93 RP-90 RP-92 RP-88 RP-93 WS-89 over 100 items available Penfolds Bin 389/407 2011 Usual: $105.00 Now: $75.00 Sassicaia Vino Da Tavola 2009
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      192 6 Always Be Discovering with The Business Times Indulge in top quality French wines selected by one of the best sommeliers of France m its T ■ICE 4 4 Me FRENCH CELLAR CELLAR y/r FRENCH y CELLAR WINE TASTING GUIDE v iL vu f ine\ arc! (icms- Msiv 2014 “/nua Nicolas
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      193 7 The No.1 TV for Your Favourite Matches r jA TV RTSfl =a^ S£ J w L. J J s ii ■r 4 V '-W :-x a W ,;j v’.' V'X--v. X > 2>~& iV-,.-S5i’ tm SS: ss t&aWSaiaE ii V v fc V I aa Samsung UMU I V Ultra
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Early window-dressing? STI hits 3,300
      623 8  -  Major contributors to the index’s rise include the three banks, SingTel and Olam STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent IT WAS probably early monthending window-dressing which yesterday drove the Straits Times Index (STI) up 28.87 points or 0.88 per cent to 3,300.71. The three
      Source: Bloomberg  -  623 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 May 29 VALUE CLOSE BT OB/OS 413.0 +102.0 BT CADI -*****.0 +105.0 BT 10-day MA -*****.00 +41.00 FTSE ST Mid Cap 778.81 +4.85 FTSE ST Small Cap 558.87 +2.24 FTSE ST All Share 804.99 +6.43 FTSE ST China Top 205.80 +0.41 FTSE ST China 234.10 +0.72 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME WE 103,817,000 Addvalue Tech 101,902,000 Armarda 90,932,000 SingPost 67,385,000 Federal Int 64,395,000 APAC Strategic 46,667,000 Noble 46,476,000 Charisma Energy 46,205,000 Blumont 42,845,000 Memstar Tech 41,160,000 VALUE($) SingPost 114,263,715 DBS Grp 81,371,957 SingTel 77,679,415 Noble 64,722,990 UOB 62,733,570 OCBC Bank 60,498,672 CapitaMalls Asia 40,774,150 Keppel Corp 34,732,910
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 2 0 0 0 6 6 2 Manufacturing 53 46 46 9 10 13 62 56 59 Commerce 26 15 19 5 3 3 31 18 22 Tpt/Stor/Comms 26 5 9
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      805 8  -  Compiled by TEH SHI NING Singapore Post May 29: S$1.68 OCBC Investment Research, May 29 FOLLOWING a trading halt on Wednesday morning, SingPost announced that it has entered into an investment agreement with Alibaba Investment Ltd (wholly owned subsidiary of Alibaba Group Holding Ltd), under which Alibaba Investment
      Source: Bloomberg  -  805 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,160 29,160 78,891 78,891 Manufacturing 335,399 77,352 412,751 152,897 6,569 159,466 Commerce 222,038 194,551 416,589 122,727 15,202 137,929 Tpt/Stor/Comms 194,540 6,940 201,480 306,702 825 307,527 Finance 26,273 86 26,359 232,659 26 232,685 Construction 32,642 64,171
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      124 8 Stock name Close Change CapitaLand 3.190 +0.010 CapitaMall Trust 2.060 +0.020 CapitaMalls Asia 2.360 +0.010 CityDev 10.500 +0.020 ComfortDelGro 2.350 -0.010 DBS Grp 16.980 +0.120 Genting Sing 1.340 +0.015 Global Logistic 2.830 +0.010 Golden Agri-Res 0.585 +0.015 HPH Trust USD 0.750 +0.010 HongkongLand USD 6.950 +0.040
      124 words
    • Article, Illustration
      Lock icon Business investment outlook boosts A$
      493 8 CURRENCIES Reuters [LONDON] The Australian dollar jumped more than half a per cent yesterday, as investors considered whether this week’s major currency moves a rally for the US dollar and retreats for the euro and sterling had further to run. A holiday in much of
      Reuters; PHOTO: BLOOMBERG  -  493 words
    • Article
      Lock icon RISES
      119 8 BY CENTS CLOSE UP IS S&P500 ***** 253.4 1.1 DBXT USDIGInfl 5US$ ***** 215.7 0.6 DBXT AUDCS 5US$ ***** 179.4 0.7 DBXT AUDCS 5SG$ ***** 141.0 0.6 DBXT AUD Bonds 5AU$ ***** 101.3 0.5 DBXT iBoxxUSTr 5US$ ***** 76.5 0.3 Jardine C&C 4561 71.0 1.6 DBXT iBoxxSvEu 5US$ *****
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    • Article
      Lock icon FALLS
      132 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -130.4 -0.9 DBXT EONIA 5US$ ***** -79.0 -0.3 SPDR DJIA 10US$ ***** -40.1 -0.2 Lyxor Indonesia10US$ 9143 -26.3 -0.2 Lyxor ThaiSET 10US$ ***** -26.3 -0.2 Lyxor AsiaCS 10US$ 5992 -25.1 -0.3 DBXT MSEurope 10US$ 6324 -22.6 -0.3 Lyxor MS India 10US$ 1564
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      139 9 o PERSONAL DATA PROTECTION ACT READY-TO-USE “PDPA COMPLIANCE MANUAL” The PDPA will come into full effect on 2nd July 2014. Are you ready? Not to worry. Help is at hand. Why you should buy this Manual You will have a PDPA Compliance Manual you can use straight away. With this
      139 words
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      Lock icon Page 9 Advertisements Column 2
      752 9 Shop Largest: Range! Longest Warranty! PROSTAR WHEY PLATINUM SERIES (5LBS) FREE GREEN MAGNITUDE SAMPLE 25g of protein, 6g of BCAA, 2g of corbs per serving. servings per tub. WHEY SUPREME fSLBS; fab UOT? CONTROLLED LABS GREEN MAGNITUDE (1.84LBS) UP $178.50 $58 •21gof great tasting protein per serving. UP $230 i$105
      752 words
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      8118 10 Goodpack Limited IBC Capital Limited (UEN/Reg. No: *****0547W) (Company Registration No: MC-*****9) (Incorporated in Singapore) (Incorporated in Cayman Islands) JOINT ANNOUNCEMENT PROPOSED ACQUISITION BY IBC CAPITAL LIMITED OF ALL THE ISSUED AND PAID-UP ORDINARY SHARES IN THE CAPITAL OF GOODPACK LIMITED BY WAY OF A SCHEME OF ARRANGEMENT 1. INTRODUCTION
      8,118 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon JTC Food Hub to feature shared cold room facilities
      311 11  -  It will be the first integrated, multitenanted complex for food producers By MINDY TAN tanmindy@sph.com.sg @MindyTanBT THE upcoming JTC Food Hub in Senoko will feature shared integrated cold room warehouse facilities which will reduce initial start-up cost of tenants and enable
      311 words
    • Article
      Lock icon Phoenix Solar bags deal on Jurong Island
      497 11  -  It’ll build 1.188 MW rooftop solar PV system for KNS By RONNIE LIM ronnie@sph.com.sg CLEAN and green solar power is making its entry on Jurong Island, home to Singapore’s oil refineries and petrochemical complexes. Phoenix Solar which has handled the largest solar installations
      497 words
    • Article, Illustration
      Lock icon LTA awards 2 walkway contracts worth $156.6m
      449 11  -  By KARA QUEK karaquek@sph.com.sg TWO contracts have been awarded for the building of more than 200km of sheltered walkways leading to MRT stations, the Land Transport Authority (LTA) announced yesterday. The walkways will just about quintuple the existing 46 km of sheltered walkways.
      ST FILE PHOTO  -  449 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Shell to supply LNG to Japan’s Chubu Electric
        80 11 SHELL will begin supplying liquefied natural gas (LNG) to one of Japan’s leading electric companies from October 2014. Shell Eastern Trading (Pte) Ltd, a Singapore-based subsidiary of Royal Dutch Shell, signed an agreement yesterday with Chubu Electric Power Co, Inc (Chubu Electric)
        80 words
      • Article
        Lock icon Lee Kok Choy is chairman of TP board
        81 11 TEMASEK Polytechnic has appointed Lee Kok Choy as chairman of its board of governors with effect from May 1. Before this, Mr Lee served on the board of trustees of the Singapore Institute of Technology and was a member of the Committee
        81 words
      • Article
        Lock icon SNEC gets global accreditation
        82 11 SINGAPORE National Eye Centre (SNEC) is the first in Singapore and South-east Asia to be accredited by the International Joint Commission on Allied Health Personnel for Ophthalmology (IJCAHPO). IJCAHPO provides international accreditation by setting academic standards for ophthalmic training programmes to enhance the quality and availability
        82 words
    • Article
      Lock icon Singapore firms shine at S-E Asia law awards
      310 11  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT RAJAH Tann last night won Arbitration Law Firm of the Year award while Drew Napier walked away with the title of Commercial Litigation Law Firm of the Year at the Asian Legal Business (ALB) Southeast Asia Law
      310 words
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      751 11 A bank incorporated in Luxembourg Head Office: 11 Avenue Emile Reuter L-2420 LUXEMBOURG Notes to the Accounts which form an integral part of the financial statements together with a list K|1 A| rtAKii/ o mi iot of Societe Generate Bank Trust subsidiaries can be obtained from Societe Generale Bank oOGIhTE
      751 words
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      1896 12 THE BUSINESS TIMES Ik 1 f 1 ✓"'I Toll free 1800-289-8822 I fl I Email notices@sph.com.sg 1 j www.sphclass.com.sg/notices CHINA MERCHANTS BANK CO., LTD CONSOLIDATED STATEMENT OF FINANCIAL POSITION At 31 December 2013 (Expressed in millions of Renminbi unless otherwise stated) 2013 2012 (Restated) Assets Cash 15,662 12,719 Precious metals
      1,896 words
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      1844 12 Wells Fargo Company and Subsidiaries (Incorporated in the United States of America)[in USD] CONSOLIDATED STATEMENT OF INCOME CONSOLIDATED BALANCE SHEET Year ended December 31, (In millions, except per share amounts) 2013 2012 2011 December 31, (In millions, except shares) 2013 2012 INTEREST INCOME Trading assets 1,376 1,358 1,440 Investment securities
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  • Dividend Plays
    • Article, Illustration
      Lock icon High yield, good value
      1368 13  -  By KENNETH LIM kenlim@sph.com.sg @KennethLimBT C AN investors have their cake and eat it too? Consider the dividend-paying stock. That is an investment that seems to offer some of the steady cash flow of coupon-paying bonds as well as the potential for capital appreciation inherent in
      Source: Bloomberg  -  1,368 words
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  • Article, Illustration
    Lock icon VIBRANT GROUP LIMITED
    699 14 DK/Plays Corporate Overview Vibrant Group (formerly Freight Links Express Holdings) has grown from strength to strength over the years with a net profit S$38.361 million in FY 2013. Its net profit CAGR is approximately 44% over the last 4 years. The Group has diversified businesses, namely Freight
    699 words
  • Article, Illustration
    Lock icon SPH
    723 14 DK/Plays Track Record of Returns Based on a study conducted by SGX, Singapore Press Holdings (SPH) came out tops for dividend yield, not just among the 41 constituents that make up the FTSE Singapore Index, but also across Asia, with a 12-month dividend yield of close to 10%. This
    Source : SPIT Annual Reports  -  723 words
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  • Page 15 Advertisements
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      509 15 Dh/Plays NEO GROUP LIMITED 1 NEO" GARDEN CATERING a Orange Clove Delifiufa catering U CATERING UmiSUSni NKK Import Export Trading Pte Ltd -CUBE I FLOWERS G I FTS Leading Catering Group with some of the most recognised brand names in Singapore Corporate Overview Leading Catering Group with Proven Track Record
      509 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon E&O stocks up after MD buys back 10% stake from Sime
      555 16  -  Terry Tham pays RM319m in cash or RM2.90 a share; counter rises 4% By PAULINE NG in Kuala Lumpur SHARES in high-end developer Eastern Oriental Bhd (E&O) rose slightly over 4 per cent to RM2.48 yesterday, after its managing
      555 words
    • Article
      Lock icon Jakarta plans Islamic finance expansion
      229 16 Reu ters [DUBAI] Indonesia’s capital market regulator is preparing a five-year roadmap for Islamic finance in an effort to expand the industry in South-east Asia’s largest economy. The plan will help to boost the number of Islamic capital market products and expand the industry’s investor
      Reuters  -  229 words
    • Article, Illustration
      Lock icon Maybank reports 6.3% gain in Q1 profit
      302 16 Bloomberg [KUALA LUMPUR] Malayan Banking Bhd (Maybank), Malaysia’s biggest lender, posted a 6.3 per cent gain in first-quarter profit, bolstered by Islamic banking operations. Net income climbed to RM1.6 billion (S$624 million), or 18.09 sen per share, for the three months ended March
      Bloomberg; PHOTO: BLOOMBERG  -  302 words
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      1695 16 The Business Times Ik I 1 I /"I I 1 Toll free 1800-289-8822 I I I Email notices ffsph.com.sg J J j L J www.sphclass.com.sg/notices In the Matter of The Companies Act, (Cap. 50) And In the Matter of Titan Gemini Pte. Ltd. (In Creditors’ Voluntary Liquidation) Company Registration No.
      1,695 words
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      169 16 Form 69(3) IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF WOON CONTRACTOR PTE LTD (IN COMPULSORY LIQUIDATION) (Co. Reg. No: *****5498D) NOTICE OF DIVIDEND Name of Company Woon Contractor Pte Ltd (In Compulsory Liquidation) Address of Registered Office C/o 47 Hill Street #05-01 Singapore
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon Beijing urges faster spending in bid to boost economy
      617 17 Local governments warned they may lose funds under current budgets Reuters [BEIJING] China is stepping up efforts to ward off a sharper economic slowdown, analysts said after Beijing called on local governments to speed up their spending over the next month
      Reuters; PHOTO: REUTERS  -  617 words
    • Article
      Lock icon Inspur eyes IBM’s China market share
      698 17 Bloomberg [BEIJING] Chinese server maker Inspur Group started a campaign to lure customers from International Business Machines as the government studies if domestic banks’ reliance on IBM technology threatens national security. Jinan-based Inspur on Tuesday unveiled its “IBM to Inspur” initiative aimed at taking
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      Lock icon Modi govt stays mum on priorities
      296 17 PM tells ministers to prepare agendas for first 100 days AFP [NEW DELHI] India’s new Prime Minister Narendra Modi instructed top ministers yesterday to prepare their agendas for the first 100 days but did not reveal which of the country’s many problems would be
      AFP  -  296 words
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      953 17 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices ABNAMRO Clearing ABN AMRO CLEARING BANK N.V. (A 100% SUBSIDIARY OF ABN AMRO BANK N.V., INCORPORATED IN THE NETHERLANDS) Consolidated Statement of Financial Position As at 31 December 2013 In EUR thousand Guarantees and Other Commitments 6,732,352 5,206,423 Consolidated Income
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      3416 18 3<HD+H@+ ;#H@<)@)+ 6Q; NTD-C@BC@H<)+ !D 1D!<)+ R!D%+CEL UMeN ;LgOM < E "e)I.KJeFF#&M.’M] R-.N-. X!D3 Ahh Audited accounts for the year ended 31 December 2013 ;CD>C\!+H<)+ =H\HD-) 3#))< ?> H< 9)-)EF)@ ,G.* ,G.* DYEDE 13aE!\\!CD 5810IFFI-. ?>>)<> !e)J e.N deFe.OM) e( OM.(*eF de.G) 54,534 @Y]AC? WI.e.OIeF e))M() JMFN e( LeI* &eF’M
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  • WORLD
    • Article, Illustration
      Lock icon Court ruling may hit Australia’s niche as organic exports leader
      617 19 A watering down of regulations could limit its exports to some key markets Reuters [SYDNEY] A landmark GMO contamination ruling in Australia could possibly usher in lower organic farming standards, ending the country’s world-leading premium niche and threaten organic exports
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      Lock icon Nearly a third in world obese or overweight
      629 19 Bloomberg [NEW YORK] About 2.1 billion people, or almost one-third of the world’s population, were obese or overweight last year, researchers estimated after examining data from 183 countries. The estimated number of overweight or obese people almost tripled from 857 million in
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    • Article
      Lock icon Japan’s April retail sales hit by hike in consumption tax
      302 19  -  By in ANTHONY ROWLEY Reuters in Tokyo RETAIL sales in Japan fell further and faster than expected last month after the government raised the national consumption tax from 5 per cent to 8 per cent, provoking concern that the world’s
      Reuters  -  302 words
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      Lock icon Philippine Q1 growth of 5.7% weakest in two years
      573 20 Report sparks talk of the central bank shelving an expected policy rate hike Reuters [MANILA] The Philippine economy unexpectedly grew at its slowest pace in two years in the first quarter, hurt by the impact of last year’s super typhoon, raising
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      Lock icon Young adults postpone buying life insurance
      695 21 US, Canada insurers under pressure; pushed to expand in Asia, Latin America Bloomberg [TORONTO] Usman Ahmad is in no hurry to insure his own life, even after buying protection for his grey BMW and the house that he bought in Toronto. “I’m not planning
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      Lock icon Growth shrinks for first time since 2011
      575 21 Corporate earnings fall 9.8% in Q1 from the previous quarter LATEST US DATA Bloomberg [WASHINGTON] The US economy contracted for the first time in three years from January through March as companies added to inventories at a slower pace and curtailed investment. Gross
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      Lock icon Poverty unacceptably high in Africa: Lagarde
      500 21 Reuters [MAPUTO, Mozambique] Africa is “taking off” with strong, steady growth but poverty is unacceptably high, so governments need to build infrastructure and institutions and educate people in order to share the benefits more widely, the IMF’s head said yesterday. Sub-Saharan Africa is expected
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      Lock icon Japanese govt pension fund likely to slash bond holdings
      1013 22 Analysts see GPIF reducing domestic debt and raising equities target Bloomberg [TOKYO] The biggest-ever reshuffling of Japan’s Government Pension Investment Fund (GPIF) will result in the fund slashing its target for local bond holdings by a third to 40 per cent
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      Lock icon US$3b Beats deal will bring lot of talent, says Apple
      591 22 The companies say consumers will get more options to listen to music NYT [CUPERTINO, California] Apple, the company that turned digital music into a mainstream phenomenon, said on Wednesday that it was buying Beats Electronics, a rising music brand, for
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      Lock icon Australia business investment falls in Q1
      468 22 But spending plans have been revised upwards to A$137b Reuters [SYDNEY] Australian business investment fell again in the first quarter, but spending plans for 2014/15 were revised higher, a positive for the economic outlook a fillip for the local dollar. Yesterday’s survey from the
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      Lock icon Farmers turn to other crops as rubber prices fall
      686 22 But analysts say any crop shift won’t lead to rapid drop in latex output Reuters [KUALA LUMPUR] A slump in natural rubber prices to multi-year lows is spurring South-east Asian farmers to turn to other crops and tappers to look for
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      Lock icon Japan debates immigration amid labour shortage
      827 23 Most Japanese oppose accepting more foreigners Bloomberg [TOKYO] At a construction site in the Japanese city of Kawagoe, worker Fan Xiuyu says he’s too busy to miss his wife and six-year-old child he left behind in China. “I came to Japan to make money
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    • Article
      Lock icon Strong won boosts South Koreans’ buying power
      463 24 But the stimulus to consumption lowers exporters’ competitiveness Bloomberg [SEOUL] Park Seo Young is paying less to fill her car with imported petro l th an k s t o S ou th K orea s world-beating won, leaving more cash to spend
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      606 19 Standard Chartered Bank (Singapore) Limited (Incorporated in Singapore) 8 Marina Boulevard, #27-01 Marina Bay Financial Centre Tower 1, Singapore *****1 For the period 8 October 2012 (date of incorporation) to 31 December 2013 Balance Sheet As at 31 December 2013 2013 $’000 Equity Share capital 1,653,000 Reserves 4,097 44,332 Total
      606 words
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      2739 20 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 Habib Bank Limited (incorporated in Pakistan) CAPITAL SUMMARISED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2013 2013 2012 2013 2012 (Restated) (Restated) (Rupees in ’000) (Rupees in ’000) Authorised
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      1805 21 CEDAR STRATEGIC HOLDINGS LTD. (Co Registra~on No: *****3839Z) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING To All Shareholders NOTICE IS HEREBY GIVEN that the Annual General Mee~ng of the shareholders (“Shareholders”) of CEDAR STRATEGIC HOLDINGS LTD. (the “Company”) will be held at 20, Havelock Road, Central
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      3539 23 The Business Times Ik T I 1 I /“I 1 Toll free 1800-289-8822 I Email noticesasph.com. sg J V i I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 3 LINK DEVELOPMENT PTE. LTD. (In Members’ Voluntary Liquidation) Company Reg. No. *****3943K At
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      485 24 The Business Times Ik I 1 I /“I I 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg J J i j L J www.sphclass.com.sg/notices The Hongkong and Shanghai Banking Corporation Limited Annual Results for 2013 We have audited the accounts of The Hongkong and Shanghai Banking Corporation Limited for the
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  • AVIATION/SHIPPING
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      Lock icon B787 gets FAA nod for extended flying
      558 25 Reuters [WASHINGTON] The US Federal Aviation Administration (FAA) has approved extended operations for Boeing’s 787 Dreamliner, a move that will allow a wider range of routes and that marks a vote of confidence in the high-tech jet at a time of renewed scrutiny.
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      Lock icon Japanese oil tanker listing after explosion
      419 25 AFP [TOKYO] A 998-tonne oil tanker was listing off the Japanese coast yesterday after an explosion and subsequent fire that sent towering columns of acrid smoke into the sky. One person was still unaccounted for more than two hours after the accident. The tanker
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      Lock icon TRANSPORT STOCKS
      257 25 SGX '000 May 29 S$ +/-Vol Ch Offshore 0.43 unch 46 Chuan Hup Hldg 0.29 unch 269 Cosco Corp 0.74 0.01 1498 Cwt Limited 1.79 -0.01 1321 Ezra Hldgs 1.06 0.02 5432 First Ship Lea 0.09 0.01 35 Grand Banks 0.26 0.01 131 Jaya Hold Ltd 0.80 0.01
      257 words
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      Lock icon Lufthansa eyes ANA cargo tie-up to cut costs
      598 25 Carrier also reviews its requirement for freighter aircraft Bloomberg [FRANKFURT] Deutsche Lufthansa AG will struggle to achieve financial targets at its cargo operation and is in talks with Japan’s ANA Holdings Inc about a freight partnership to reduce costs, the executive in
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    • Article
      Lock icon US shipyard enjoys new lease of life
      505 25 Shale boom and Jones Act save historic Philadelphia Navy Yard Bloomberg [NEW YORK] The shale boom and the Jones Act are saving shipbuilding at the 213-year-old Philadelphia Navy Yard. On a part of the grounds now operated by Aker ASA, workers apply a
      Bloomberg  -  505 words
    • Article
      Lock icon SIA, JetBlue seek codeshare nod from Washington
      365 25  -  One aim is to put SQ code on JetBlue flights out of NY to 16 US cities By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Singapore Airlines and US carrier JetBlue Airways are seeking to launch a codeshare agreement that would put the “SQ” code
      365 words
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      103 25 IFBO VIETNAM 2014 International Franchise Business Opportunities 4-6 September 2014 10.00am 5.00pm Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam International franchise brands and business concepts under one roof Get free lessons on franchising from the experts! Pick up useful tips on doing business in Vietnam *Enjoy preferential
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      40 25 THE HEA INDIAN COMMUNITY Shah Rukh Khan tells tabla! TITLES LIKE ‘RICHEST’ DON’T DEFINE ME RAVI JAIPURIA ON HIS CORD BLOOD BUSINESS IN SINGAPORE GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • EDITORIAL & OPINION
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      Lock icon Tackling the complexity of data protection
      464 26 EDITORIAL THE full force of Singapore’s personal data protection law will be felt in slightly over a month’s time. Corporations, however, have been preparing for this day for many months now, at the very least. Just yesterday, Singapore Telecommunications revealed that it had spent
      464 words
    • Article
      Lock icon In charity circles, even good statistics may be bad
      868 26  -  THE BOTTOM LINE By CASS R SUNSTEIN Bloomberg View IMAGINE that you’re running a charity. Suppose you have evidence showing that your charity is highly effective that you are really making a difference in people’s lives. In your fundraising campaign, should
      Bloomberg View  -  868 words
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      Lock icon Building liveable cities is a serious business
      1394 26  -  Singapore’s urban systems approach is a result of public and private sector cooperation By KHOO TENG CHYE The writer is executive director of the Centre for Liveable Cities SINGAPORE has transformed from a basket case of urbanisation to one of the most liveable
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      Lock icon Don’t wait for Abenomics!
      1013 27  -  Corporate restructuring, not policy change, is behind Japanese firms’ improving profitability By DEAN CASHMAN The writer is portfolio manager at Eastspring Investments. This article is published in the May issue of ‘Market Insights’, an Eastspring Investments publication CORPORATE Japan looks different today from any point in
      PHOTO: REUTERS  -  1,013 words
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      Lock icon Modi faces tricky choices after good opening move
      995 27  -  YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT IN a surprise move, Indian Prime Minister Narendra Modi invited the seven heads of state from the South Asian Association for Regional Co-operation (Saarc) countries for his 45-mem-ber team’s
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      Lock icon Russia’s energy sector too big a prize to ignore
      638 27  -  By NICHOLAS CUNNINGHAM SEVERAL of the largest oil companies in the world are doubling down in Russia despite moves by the West to isolate Russia and its economy. ExxonMobil and BP separately signed agreements with Rosneft Russia’s state-owned oil company to
      638 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Automobile association pays $43m for East Coast building
      375 28  -  Price translates to 4.5% gross yield; purchase said to be for investment By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] The Automobile Association of Singapore (AAS) is buying a fivestorey commercial building at the corner of East Coast Road and Chapel Close for $43
      375 words
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      Lock icon Another EC site put up for tender
      373 28  -  By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] The Housing and Development Board (HDB) has released another executive condominium (EC) site for tender. The site is expected to yield about 620 residential units. The 99-year leasehold site at Sembawang Avenue is launched under the Confirmed
      373 words
  • Page 28 Advertisements
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      181 28 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The Business Times CLASSIFIED BUT IT SELL IT FIND IT D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D09 HOUSE FOR SALE RIVER VALLEY ROAD Conservation
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      156 28 D10 HOUSE FOR SALE OFF GRANGE ROAD Well designed house with quality fittings. Built-up 8000 sqft. Spacious living. View to appreciate. Call Irene RealStar 9787 3836 now! D11 21 HOUSE FOR SALE CHANCERY RESIDENCES Resort like 3778 sf 3-sty 4+1+1. Pool/ MRT/ Malls/ good schs. $3.99M Owner 9793 0080 D11
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      165 28 D17 HOUSE FOR SALE LOYANG RISE Loyang Rise Corner Terr. 2153/ 2500 sqft. 5+1. 99 yrs. Value for money, low psf only $767 psf/ $1.65M neg. Tom Leow 9631 3193 DTZ D19 HOUSE FOR SALE 32 LI HWAN CLOSE $5.7M neg. Semi-D, 4030 sf. F’hold, 2-storey 4+1. A&A/ Rebuild. Facing
      165 words
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      Lock icon Page 28 Advertisements Column 4
      158 28 D20 HOUSE FOR SALE WINDSOR PARK Rare! FH 2.5 sty corner terr 3085/3641 sf. Lush Greenery, Future MRT. *****662 June SLP Realty D23 HOUSE FOR SALE CASHEW CRESCENT $2.6M. 2-storey Terrace. 999 years. 1615 sqft. Good unit location. Near amenities. Welcome to our Open House Invite on (Sat Sun) 3pm
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      175 28 D04 APARTMENT FOR SALE MARINA COLLECTIONS Marina Collections, 3+1 bedrms. Luxurious lifestyle 2099 sq.ft. Ground floor Panoramic view Private lift/berth. View anytime. Gelyn 9695 5125 DTZ D09 APARTMENT FOR SALE ORCHARD RESIDENCE 4-rm 2852 sf 3-rm 1808 sf. With Breathtaking Orchard View, pool view, heart of Orchard, above ION Mall/
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      484 29 D14 APARTMENT FOR SALE STARVILLE Rare! Starville 3-bedroom, City fringe, Freehold at Leasehold pricing, face landed, Bright Regular Layout. Don’t Miss! D15 APARTMENT FOR SALE AMBER SKYE New! Lucky 28 Star Buy! FH from $1600 psf. 1/ 2/ 3/ 4/ Villa/ Penthse. Don’t Miss! 9106 8917 Arnie D15 APARTMENT FOR
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      Lock icon Page 29 Advertisements Column 2
      162 29 D10 HOUSE FOR RENT DUCHESS ROAD D10 Duchess Road, new built 4200/4600 sqft. Pool, 7+1, Terraces, ramp access. Quiet. MRT 2016. Amenities. neg. Owner 9752 6884 D10 HOUSE FOR RENT THIRD AVENUE D10 Good Class Bungalow. Third Avenue, Hilltop 20K sqft. 6+1. Patio across house. New aircons/ windows. Pool. MRT
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      Lock icon Page 29 Advertisements Column 3
      250 29 D17 HOUSE FOR RENT 27A TOH AVENUE Semi-D Newly rebuilt 3500/ 5000 sqft. 2storey attic. 5+1 bedrooms pool. Available Immediate. Call 9863 5635/ 9727 2996 D27 HOUSE FOR RENT SEMBAWANG Semi-D. Only $3.8K! 3+1 Huge lawn approx 3400/1800sf. Near Sembawang Shopping centre. Avail Immed D04 APARTMENT FOR RENT AZURE SENTOSA
      250 words
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      Lock icon Page 29 Advertisements Column 4
      256 29 D09 SHOP FOR SALE MIDPOINT ORCHARD Midpoint Orchard. Freehold Property. Facing Orchard Road. 710 sqft $11M with tenancy. Call Rhonda 9710 9748 9738 2990 D14 FACTORY FOR SALE ENTREPRENEUR BUSINESS CENTRE B2 Kaki Bukit. 3003 sf Pte Lift. 2 entrances. Bal 41 yrs.Best $430 psf Future MRT. Good invest! D23
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      Lock icon Page 29 Advertisements Column 5
      251 29 D10 OFFICE FOR RENT TANGLIN SHOPPING CENTRE #05. 2336 sqft. Window unit. Outside CBD. Ideal for office, clinic, tuition centre and other trades. D11 21 SHOP FOR RENT 16A CHUN TIN RD Beauty World area. Opp carpark. Corner Shophouse 2nd floor. New renovated, 2100sf. $10k no GST. Agts welcome!! Owner
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  • Article
    Lock icon SHIPPING TIMES
    2418 30 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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      53 30 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the business times Shipping times TO ADVERTISE IN .The Business Times Shipping Times CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business
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      214 31 mporters coking 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 FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4178 32 Transaction date: May 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 13.3 10.4 8Telecom Vol Day Last Quote --AAT Net M Cap 13.6 6.7 AIMS Property 13.2 unch 120 13.2 13.2
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      Lock icon SGX CATALIST
      468 33 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 32 23 t 3Cnergy 500 Last Vol Day 1.9 0.9 t Advanced Systems 0.9 unch 200 0.9 0.9 0.9 1 17.5 Last Quote Div
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      Lock icon UNIT TRUST & FUNDS
      10424 33 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited 1.55/ Asian Local Ccy SD Bond 1.23/ Aberdeen Asset Mat Asia Limited Asian Smaller Cos!" China Opportunities' China Opportunities USD!** Global Emerging Markets USD Global Opportunities USD 2 8881/ EM
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      Lock icon GLOBALQUOTE
      248 33 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 A55 +1 11 55 54 54 59 3.6 6.4 4.5 203.6 340 191 TanChongInt HK334cd -5 333 335 334 333 337 9.7 3.1 3.3
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      Lock icon SGX ETF
      1100 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 119 108.3 ABF SG Bond ETF 115 +0.1 10 115 115 114.1 115 525 138.7 119 CIMB APAC Div 100S$D 130.8 -0.2 130.8 130.8 129.5 132
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  • FINANCE & COMMODITIES
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      Lock icon SGX DERIVATIVES TRADING
      673 34 May 29 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.64 *****.95 *****.02 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****2 Sep14 *****.00 *****.00 *****.00 *****.00 418 9640 MSCI TAIWAN INDEX FUTURES SPOT 327.42 327.72 325.70 May14 327.90 327.90 325.90 326.62 ***** ***** Jun14 328.10
      673 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 34 In local curr In S$ In US$ dy yr dy yr dy yr May 28 Index Change Change Change Change Change Change World Preliminary 1215.9 0.0 2.7 -0.1 2.2 0.0 2.8 EAFE Preliminary 968.6 0.1 1.3 -0.1 1.2 0.0 1.8 Europe Preliminary 1410.3 0.0 4.1
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 34 May 29 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 5.802 0.683 7.202 54.717 108.031 0.943 9.483 2.988 1.095 91.655 40.760 1.165 9.730 0.834 27.942 30.449 0.556 0.929 Canada 0.991 5.752
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    • Article
      Lock icon SIBOR
      39 34 May 29 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths 6 mths Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      80 34 May 29 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-16 101.31 5-Year NX*****W 2.5 01-Jun-19 106.03 10-Year NX*****H 2.750 01-Jul-23 104.65 104.75 104.40 15-Year
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    • Article
      Lock icon PRECIOUS METALS
      118 34 May 29 GOLD(US$/oz) May 29 May 28 Hong Kong 1259.00 1269.00 May 28 May 27 London 1256.86 1268.34 1257.63 1268.88 Source: Thomson Reuters CAST BAR May 29 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 77 48 5gm 305 250 10gm 567 503
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    • Article
      Lock icon PALM OIL
      57 34 May 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 14 2481.0 2507.0 2490.0 2460.0 312 1665 Jul 14 2494.0 2504.0 2499.0 2462.0 3067 ***** Aug 14 2495.0 2502.0 2499.0 2459.0 ***** ***** Sep 14 2490.0 2501.0
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      Lock icon INTERBANK CURRENCY RATES
      155 34 May 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1648 1.1656 0.9287 0.9291 Canadian dollar 1.1548 1.1557 0.9211 0.9207 Euro 1.7047 1.7055 1.3592 1.3594 NZ dollar 1.0638 1.0648 0.8482 0.8487 Sterling pound 2.0946 2.0958 1.6701 1.6705
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 34 May 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1497.75 1488.75 1502.00 1482.75 Aug 14 1428.25 1418.75 1430.50 1415.25 Sep 14 1294.75 1291.50 1299.50 1283.25 Nov 14 1243.00 1238.75 1248.00 1231.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
      109 words
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      Lock icon LIFFE
      94 34 May 28 COCOA (£/tonne) Close Prev High Low Jul 14 1922 1913 1923 1912 Sep 14 1911 1906 1913 1904 Dec 14 1898 1894 1900 1892 Mar 15 1889 1883 1890 1882 COFFEE(US$/tonne) Close Prev High Low May 14 1906 1965 1950 1921 Jul14 1907 1984 1981 1903 Sep
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1200 34 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 3.2 0.2 ***** 1 2 60 Acma Ltd W*****7 Price Albedo Limited W*****9 1.2 unch 1200 Asiatic Grp(Hldgs) Ltd W*****5 2 0.1 3954 0.0
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      Lock icon CRUDE OIL & PRODUCTS
      70 34 CRUDE OIL PRODUCTS May 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.89 -0.45 WTI (Near Mth) 104.16 unch Dubai (1-Mth F) 106.28 0.49 Tapis blend 113.85 0.28 Minas 109.25 0.48 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.00 -0.72 Jet Kerosene 119.80 -0.21 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 34 May 29 S$ Bid Offer 1-month 1.2542 1.2546 2-months 1.2542 1.2546 3-months 1.2541 1.2546 6-months 1.2540 1.2544 Source: OCBC
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      Lock icon LONDON METALS
      66 34 May-28 May-28 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1801.25 1788.25 3 months 1840.00 1828.50 Copper, Grade A(US$/tonne) Cash 7045.00 7017.50 3 months 6944.00 6934.00 Lead(US$/tonne) Cash 2107.75 2115.25 3 months 2135.00 2142.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 34 As at 9am May 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.186 1.130 Can dollar 1.176 1.131 Euro 1.747 1.664 Sterling pound 2.139 2.057 NZ dollar 1.090 1.049 US dollar 1.281 1.220 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      157 34 May 29 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ 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
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  • executive lifestyle
    • Performing arts for beginners
      • Article, Illustration
        Lock icon 20th-century classical music 101
        735 35  -  Don’t quite enjoy performing arts as much as you’d like to? The newly revamped Singapore International Festival of Arts and its pre-event The OPEN have several performances and talks that give valuable introductions to the various performing arts. HELMI YUSOF takes a look at its programmes
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      • Article, Illustration
        Lock icon Greek tragedy 101
        558 35 PERFORMED 2,500 years ago, classic Greek theatre may be one of the earliest forms of theatre known to man. Yet, many of its plays are still widely staged today possibly second only to Shakespeare in popularity. art of its enduring appeal is that the stories are taken
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      • Article, Illustration
        Lock icon Contemporary dance 101
        492 35 I F you want to appreciate contemporary dance, you might want to begin at the very beginning with Martha Graham. Graham is known as the mother of modern dance. She danced and choreographed for 70 years, and left behind a legacy of intense, angular dances that continue
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    • CINEMA/MUSIC
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        Lock icon An old fairy tale told anew with a difference
        626 36  -  Maleficent is a modern-day movie enchantment with much to admire, saysGEOFFREY GEOFFREY EU SHEATHED in black, sporting an impressive set of horns and shrouded in the greenish smoke that announces her presence, Maleficent (Angelina Jolie) sure knows how to make an
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      • Article, Illustration
        Lock icon Coming Home, sensitive recall of a dismal past
        523 36  -  By GEOFFREY EU AN unspeakable sadness hangs over almost every scene in Coming Home, a movie with a theme the Cultural Revolution and its tragic aftermath that resonates powerfully among the many millions whose lives were affected in some way by it.
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        Lock icon Cellists from Croatia rock
        437 36  -  By CHEW HUI-YAN hychew@sph.com.sg THEY may be trained classical cellists but Croatian music duo 2CELLOS are far from being your formal, uptight virtuosos. Sitting on stage a set of drums behind them Luka Sulic and Sjtephan Hauser kicked off their first solo concert in Singapore with
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    • MUSIC/ARTS
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        Lock icon Cantopop King ready to rule again
        718 37  -  After staging a comeback a decade ago, a tireless Sam Hui continues to entertain his fans around the world this time as a family act. DYLAN TAN reports TANreports DYLAN TANreports dylantan@sph.com.sg@DylanTanSYBT CANTOPOP stars can forget about ruling the scene because the Godfather, Sam
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      • Article, Illustration
        Lock icon Another delightful opera evening in store
        434 37  -  By GEORGINE VERANO gverano@sph.com.sg THE ever-popular Singapore Lyric Opera’s Opera in the Park is back for its seventh year, with an attractive line-up of singers and classics that include excerpts from Bizet’s Carmen, Lehar’s The Merry Widow, Puccini’s Tosca and Wagner’s Tannhauser. The event
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      • Article, Illustration
        Lock icon Return of Singapore’s Orchid Artist
        414 37  -  By GEORGINE VERANO gverano@sph.com.sg HE hasn’t set foot in Singapore for 23 years but now Tang Juey Lee is back on the local arts scene with a solo exhibition aptly titled Reunion featuring 20 of his works. Tang is a Malaysian but is known as
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      • Article, Illustration
        Lock icon Singing the stories of her life
        486 37  -  BY GEORGINE VERANO gverano@sph.com.sg FOR Spanish indie-folk sensation Lourdes Hernandez (aka Russian Red), music is literally her life. “Music is all I do now. Most of the stories in my life have to do with music,” says Hernandez, who is coming to Singapore for
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    • ARTS
      • Article, Illustration
        Lock icon A master shows the way
        632 38  -  Acclaimed abstract painter Milenko Prvacki opens an art show with four of his best students. YUSOFreports HELMI YUSOF helmi@sph.com.sg @HelmiBT IF you are a bad doctor or lawyer, chances are you will still make a good living. But if you are a bad artist, you’re
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      • Article, Illustration
        Lock icon IN THEIR OWN WORDS
        362 38 Milenko Prvacki’s ‘Greetings From...’, 2014, 200 x 200cm, acrylic on linen (above) “I sent a lot of postcards and letters in my past. When I went to visit my mum, I found a box of all my letters and cards which feels like an archive of
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      • Around Town
        • Article, Illustration
          Lock icon Pick of the Week
          208 38 Magnum Spirits Wines World of Wines 2014: Magnum Spirits Wines presents its second edition of the wine-appre- ciation festival, World of Wines. The two-day event, which is held bi-an-nually, will showcase 23 worldclass wineries and 15 representing countries from around the world. The festival focuses on
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        • Article
          Lock icon Performances
          163 38 Upside Down Act: Parkway Parade presents the award-winning Upside Down Act this June. With a skit tailored particularly for local viewers, the entire performance is done completely upside down, 30 feet above ground. The show will be performed by the multi-award winning duo Kai Leclerc and Katrina Graholska, as
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        • Article
          Lock icon Exhibitions
          172 38 China Red by Yu Nan Cheng: China Red, Chinese artist Yu Nan Cheng’s most popular series, arrives in Singapore. The exhibition includes paintings of martial-art poses, including thousands of people practising Tai Chi. Highlighting the spirituality in these movements, Yu focuses on the juxtapositions of energies (yin and yang).
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        • Article
          Lock icon Nightlife
          117 38  -  Compiled by GEORGINE VERANO gverano@sph.com.sg Just One Shift: Drink for a cause next Wednesday as 13 of Singapore’s best bartenders such as 28 Hong Kong Street’s Zdenek Kastenek, Manor Bar’s Din Hassan, Antidote’s Tom Hogan and Bannie Kang and Ah Sam Cold Drink Stall’s Sam Wong get behind the
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    • WINE/ARTS
      • Article, Illustration
        Lock icon Lesser lights of 1990 show their class
        1265 39  -  NK YONG finds out how six non-First 1990 Bordeaux fare after almost a quarter century NK YONG I T is in the DNA of human beings to keep striving upwards, focusing on the best, usually to the exclusion and neglect of the lesser
        PHOTOS: NK YONG  -  1,265 words
      • Article, Illustration
        Lock icon Frustrating the audience
        643 39  -  By RACHEL LOI rachloi@sph.com.sg @RachelLoiBT WHEN you walk into David Chan’s exhibition, Context, expect to walk out feeling a little frustrated. At least, that’s what the artist hopes will happen. To him, frustration is an emotion that goes beyond anger and curiosity. So if his works manage
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      • Article, Illustration
        Lock icon A peek at the flipside of her stage personality
        619 39  -  53/ CHEAH UI-HOON u|hoon@sph.com.sg IMAGINE setting the audience off into fits of laughter the moment you take to the stage. Actor Judee Tan has that quality in her well-loved and instantly recognisable comedic roles (as seen in TV satire The Noose,
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      19 36 klSS92 FM place one in songs great the All I > m IN THE MORNING -WEEKDAYS 6AM-10AM D facebook.com/kiss92fm www.kiss92.sg
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  • Page 39 Miscellaneous
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      329 39 CRYPTIC CROSSWORD Across 9 Letting learner relax (5) 10 Recalling a beating (5-4) 11 Girl given a drink stony one brought to life (7) 12 One against joining companion for a drink (7) 13 Poet’s name retained by boyfriend? (5) 14 Boss that needs others to give a hand? (3,6)
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