The Business Times, 26 February 2014

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Microfilm: NL32980
Total Pages: 50
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, February 26, 2014
    25 words
  • Article, Illustration
    Lock icon Second LNG terminal to be built in the east
    865 1  -  Move aimed at enhancing Singapore’s energy security and growing LNG industry here By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] A second liquefied natural gas (LNG) terminal is slated to come up in the eastern part of this island to enhance Singapore’s energy security
    PHOTO: KEVIN LIM/THE STRAITS TIMES  -  865 words
  • Article
    Lock icon Progress made on TPP talks, but no deal struck
    613 1  -  Differences on tariffs on imported goods prove hard to settle By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] Ministers of the 12 countries involved in the marathon Trans-Pacific Partnership (TPP) free trade negotiations failed to reach a deal at the end of their latest
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,103.62 (-2.22) HST INDEX FUTURES 3,104.00 (-2.00) GSIMSCI 354.10 (+0.37) GSIMSCI FUTURES 354.60 (+0.40) US$ S$ US$ (S$ per US$) 1.265 (US$/S$ per 1.667 2.109 EURO (US$/S$/€ 1.375 1.740 Foreign currency per US$ S$ YEN 102.30 80.90 RM 3.289 2.600 HK$ 7.762 6.136 BAHT 32.57 25.75 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,833.75 +5.07 NIKKEI 225 15,051.60 +213.92 HANG SENG 22,317.20 -71.36 SET INDEX 1,303.88 +2.50 JAKARTA COMP 4,577.29 -46.28 MANILA COMP 6,295.55 -0.77 SEOUL COMP 1,964.86 +15.81 SHENZHEN B 805.88 -32.08 MUMBAI IND 20,852.47 +41.03 11am EST Change DOW 16,207.37 +0.23 NASDAQ 4,294.21 +1.24
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA JAPAN TAIWAN 5.036 JAPAN 1.475 KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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      Lock icon Page 1 Advertisements Column 1
      169 1 FOCUS Who’s who in private banking 20-PAGE SPECIAL LAND TRANSPORT New Mazda3 goes upmarket page 23 FORWARD THINKERS Fulfilling ING’s larger purpose in society PAGE 8 HOCK LOCK SIEW More warrants with novelty features set to surface PAGE 4 It’s easy to forget you're living in the heart of the
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  • TOP STORIES
    • Article, Illustration
      Lock icon UIC bid values SingLand more richly than peers
      697 2  -  But SingLand assets, with steady recurring income, deserve higher premium, say some analysts By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] United Industrial Corp’s (UIC) privatisation bid for Singapore Land (SingLand) values the property developer more richly than its peers, but not by enough to
      Source: CIMB, DBS, DMG & Partners, Maybank Kim Eng, SGX  -  697 words
    • Article
      Lock icon Consumer confidence falls in February
      343 2 Drop in Conference Board index to 78.1 from Jan’s 79.4 is more than forecast LATEST US DATA Bloomberg [NEW YORK] Consumer confidence in the US fell more than forecast in February as Americans grew more pessimistic about the outlook for the economy and employment. The
      Bloomberg  -  343 words
    • Article, Illustration
      Lock icon Facebook – the telco’s new friend?
      602 2  - Facebook the telco’s new friend? By JOYCE HOOI By joyceh@sph.com.sg [SINGAPORE] Facebook’s quest to bring free Internet access to the world has started having ramifications in this region and might eventually shape how telcos make their money. Its tie-up with the Philippines’ Globe Telecom has sparked off a doubling in
      PHOTO: BLOOMBERG  -  602 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      292 2 Second LNG terminal in the pipeline A SECOND liquefied natural gas (LNG) terminal is slated to come up in the eastern part of this island to enhance Singapore’s energy security and to grow the LNG industry here. FRONT PAGE TPP talks: progress made but no deal MINISTERS of
      292 words
    • Article
      Lock icon Weibo's IPO: Investors should be wary
      383 2  -  By ROBYN MAK *|flS REUTERS BREAKINGVIEWS WEIBO’s planned initial public offering stretches financial logic. Listing a US$500 million stake in China’s version of Twitter looks like a response to sky-high tech valuations most recently Facebook’s US$19 billion acquisition of messaging service WhatsApp. But investors
      *|flS REUTERS BREAKINGVIEWS  -  383 words
    • Article
      Lock icon Despite Fed tapering, developed nations’ bond prices stable
      844 2  -  Low inflation, funds’ purchases help keep bond prices up By in NEIL BEHRMANN in London US, EUROPEAN and Japanese bond prices have been remarkably stable in the past two months despite the US Federal Reserve’s decision to taper its purchases. The table
      844 words
    • Article
      Lock icon Singapore, UK plan offshore yuan cooperation
      469 3  -  Private sector forum, financial dialogue to be established By JAMIE LEE leejamie@sph.com.sg [SINGAPORE] Singapore and the UK will set up a new private sector forum to boost the offshore yuan market outside of mainland China and Hong Kong, a joint statement from the Monetary
      469 words
    • Article, Illustration
      Lock icon SLNG open to spot use of terminal
      731 3  -  It will seek EMA’s approval if customers request it By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] Having already built up more than sufficient capacity to handle domestic gas needs, Singapore LNG is gearing up for its next growth phase that is, to open up the
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      136 3 MM qO^ i c LQUn Received the "User's Choice "award at World Communication Awards 2013. Recognised as "Wholesale Operator of The Year' at Asia Communication Awards 2013. telecomasia AWARDS 2013 Recognised as "The Best Asian Telecom Carrier" and "Best Cloud-Based Service" at Telecom Asia Awards 2013. SEAMLESS CLOUD FOR THE
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  • COMPANY NEWS
    • Article
      Lock icon More warrants with novelty features set to surface
      932 4  -  HOCK LOCK SIEW By R SIVANITHY IN “CCM’s piggyback warrant offers vision of the future” (BT Hock Lock Siew, Jan 23) we predicted that more companies would follow construction firm CCM and issue shareholders with free, unlisted warrants as part of a
      932 words
    • Article, Illustration
      Lock icon Vard’s Q4 earnings more than quadruple
      652 4  -  Tax write-back, turnaround at associates lift profit By LISA LEE lisalcc@sph.com.sg LEADING offshore supply vessel (OSV) builder Vard Holdings more than quadrupled its fourth-quarter net profit to 113 million Norwegian kroner (S$23.7 million) from 26 million kroner a year ago, helped by a tax
      PHOTO: VARD  -  652 words
    • Article
      Lock icon Jaya selling units to Mermaid Marine Australia
      361 4  -  By JACQUELYN CHEOK jaccheok@sph.com.sg JAYA Holdings, a main-board-listed offshore oil-and-gas services provider, yesterday said it would be selling its subsidiaries to Australia-listed Mermaid Marine Australia (MMA) for $625 million. The sale, representing all eight of Jaya’s offshore support services (OSS) and offshore engineering
      361 words
    • Article
      Lock icon Singfuel Investment seeks to delist Chemoil Energy
      347 4  -  By NISHA RAMCHANDANI nishar@sph.com.sg SINGFUEL Investment is seeking to take mainboardlisted Chemoil Energy private at an exit offer price of US$0.40 per share. Investment holding company Singfuel is an indirect wholly owned subsidiary of natural resource firm Glencore Xstrata, and already owns 89.2
      347 words
    • Article
      Lock icon OUE Hospitality Trust’s Q4 DPU at 1.67 cents
      466 4  -  By LYNETTE KHOO lynkhoo@sph.com.sg OUE Hospitality Trust’s distribution per unit (DPU) for the fourth quarter ended Dec 31, 2013, was 1.67 cents, which surpassed its forecast by 2.5 per cent, thanks to strong performance of its portfolio assets Mandarin Orchard Singapore Hotel
      466 words
    • Article
      Lock icon S&P Dow Jones Indices expanding in Asia
      717 5  -  It aims to widen access to the indices, promote local country indices to global investors By SHU-CHING JEAN CHEN in Hong Kong S&P Dow Jones Indices is expanding in Asia, with plans to widen access by local investors to S&P indices and to
      717 words
    • Article
      Lock icon New Asian hedge fund assets in 2013 down a fifth at US$3.85b
      225 5 Reuters [HONG KONG] Hedge funds launched in Asia in 2013 raised a fifth less than a year before as more managers launched funds with smaller sizes, according to a survey. As funds found it tougher to attract investors
      Reuters  -  225 words
    • COMPANY BRIEFS
      • Article
        Lock icon Lee Kim Tah posts 48% fall in Q4 profit
        89 5 LEE Kim Tah Holdings reported a net profit of $7.8 million for the fourth quarter ended Dec 31, 2013, down some 48 per cent year-on-year, while sales slid 5.6 per cent to $28.9 million. For the full year, net profit was
        89 words
      • Article
        Lock icon Rise of 19% in Zagro Asia’s FY2013 profit
        60 5 ZAGRO Asia has reported a net profit of $10 million for the 12 months ended Dec 31, 2013, up 19 per cent from the previous financial year. Turnover for the year under review was up 8 per cent at $138.1 million. Earnings
        60 words
      • Article
        Lock icon YHI profit falls 52% for FY2013
        65 5 YHI International reported a net profit of $8.8 million, down 52 per cent for the full year ended Dec 31, 2013, while sales slid 6 per cent to $508.9 million. Earnings per share worked out to 1.51 cents, down from 3.13 cents previously. The
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      • Article
        Lock icon Sinwa back in black with $6.8m profit
        67 5 SINWA swung into the black with a net profit of $6.79 million for the financial year ended 31 Dec, 2013. Meanwhile, revenue increased 13.6 per cent year-on-year to $139.4 million. Earnings per share worked out to 2.03 cents, up from a loss per
        67 words
      • Article
        Lock icon HG Metal FY2013 profit hits $3.4m
        80 5 HG Metal Manufacturing earned a net profit of $3.4 million for the year ended Dec 31, 2013 while revenue worked out to $266 million. Comparisons to the financial period in 2012 are considered not meaningful as the period covers 15 months due to a
        80 words
      • Article
        Lock icon GLP in venture with Guangdong Holdings
        76 5 GLOBAL Logistic Properties (GLP) has entered into a strategic alliance with China’s state-owned Guangdong Holdings to jointly develop logistics and industrial facilities in Dongguan, Southern China. Both parties will collaborate on the Guangdong GDH Equipment Technology Industrial Park, which will comprise industrial, commercial and
        76 words
      • Article
        Lock icon Fu Yu in amicable pay dispute settlement
        82 5 FU YU Corp announced that it has entered into an amicable settlement agreement with ex-employee Chow Weng Fook to resolve claims that Mr Chow may have against the firm stemming from the incentive bonus schemes entered into during the tenure of his employment
        82 words
    • Article
      Lock icon BreadTalk Q4 net profit up 33%
      498 7  -  Firm posts earnings of $5.6m with revenue up 23% at $147.1m By CAI HAOXIANG haoxiang@sph.com.sg FOOD and beverage play BreadTalk Group reported a net profit of $5.6 million for its fourth quarter ended Dec 31, 2013, almost a third higher than a year ago.
      498 words
    • Article, Illustration
      Lock icon Banyan Tree launching holiday home development in Bintan
      350 7  -  By FELDA CHAY feldac@sph.com.sg BANYAN Tree Holdings is working on a new property development in Bintan, in a move that is in line with plans to revive its development arm. The resort operator will launch Laguna Shores Bintan at the Hilton Singapore
      350 words
    • Article
      Lock icon Pan-United Q4 earnings jump 37% to $12m
      448 7  -  Revenues remain flat at $186.3m; FY2013 dividend raised By MICHELLE QUAH michquah@sph.com.sg MAINBOARD-LISTED PanUnited Corporation saw flat takings for its fourth quarter and full year ended Dec 31, 2013. But it managed a slightly more impressive showing for its quarterly net income a
      448 words
    • Article
      Lock icon Sembcorp invests 102.8m yuan in China ops
      337 7  -  By GRACE LEONG gleong@sph.com.sg SEMBCORP Industries is investing 102.8 million yuan (S$21.3 million) to expand its renewable energy and in-dustrial-water operations in China, a key growth market for the group. The mainboard-listed energy, water and marine group plans to expand capacity at its
      337 words
    • Article
      Lock icon ICE cancels all SMX contracts, plans relaunch
      239 7 Reuters INTERCONTINENT ALExchange Group (ICE) said yesterday it has cancelled all contracts listed on the Singapore Mercantile Exchange (SMX), a bourse it earlier acquired for US$150 million and expects to relaunch later in 2014. The delisted contracts range from iron ore to pepper
      Reuters  -  239 words
    • Article
      Lock icon Viva’s maiden DPS of 1.08 cents in line with forecast
      411 7  -  By LEE MEIXIAN leemx@sph.com.sg VIVA Industrial Trust yesterday announced a distribution per stapled security (DPS) of 1.08 cents, just under its forecast of 1.082 cents for the period Nov 4 to Dec 31, 2013. Income available for distribution was $6.4
      411 words
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      Lock icon Page 4 Advertisements Column 1
      61 4 16 18 July 2014 Marina Bay Sands, Singapore r r ASIA www.OfficExpoAsia.com Next-Generation Workscape 5 w Next-Gen Workforce Next-Gen Workplace j Next-Gen Technology Join hands with us, together we shape the next-gen workscape. To exhibit, contact: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sph Tel: (65) 6848 5938 Email:
      61 words
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      Lock icon Page 4 Advertisements Column 2
      330 4 InvestorRelationsHighlights Aztech achieves $6.5m net profit for FY2013 and declared final dividend of 0.75 cents Singapore Exchange Mainboard-listed Aztech Group Ltd (“Aztech”) registered a $6.5m net profit in FY2013 against $0.2m previously. Total revenue improved by 7.8% against the same period last year to $241.2m. Electronics, the Group’s main revenue
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI ends lower after listless session
      710 6  -  Dealers say Asian emerging markets are avoided; penny stocks hold sway in local bourse STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index yesterday dropped 2.22 points to 3,103.62 in a largely lethargic and featureless session that took place in low volume. Brokers
      Source: Bloomberg  -  710 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Feb 25 VALUE CLOSE BT OB/OS 188.00 -150.00 BT CADI -*****.00 -11.00 BT 10-day MA -*****.00 +18.00 FTSE ST Mid Cap 713.29 +2.10 FTSE ST Small Cap 533.80 -0.07 FTSE ST All Share 754.29 -0.04 FTSE ST China Top 198.90 +0.51 FTSE ST China 226.98 +1.13 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME HanKore 275,597,000 Albedo 175,894,000 Otto Marine 113,018,000 Mirach Energy 77,808,000 Vallianz Hldgs 75,617,000 KLW Hldgs 74,173,000 SingHaiyi 73,270,000 PSL Hldgs 55,769,000 Federal Int 47,785,000 Golden Agri 46,631,000 VALUE($) Wilmar 76,349,415 UOB 46,568,325 SingTel 46,212,950 DBS Grp 41,969,550 Genting SP 35,374,365 HanKore 34,714,813 SembMar 32,115,440 OCBC Bk
      57 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 4 0 0 0 6 5 4 Manufacturing 45 56 35 7 7 7 52 63 42 Commerce 17 21 17 4 4 5 21 25 22 Tpt/Stor/Comms 11 15 11
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Jaya Holdings
        319 6 Feb 25 close: S$0.75 DMG Partners Research, Feb 25 AFTER making certain assumptions relating to Jaya’s sale announcement, we tweak our target price (TP) higher to $0.82 from $0.79, based on value receivable by shareholders. The critical assumptions are that expenses up to transaction date and any warranty
        Source: Bloomberg  -  319 words
      • Article
        Lock icon Sembcorp Marine
        535 6  -  Compiled by JOYCE HOOI Feb 25 close: S$4.04 DBS Group Research, Feb 25 SEMBCORP Marine (SMM) posted recurring Q4 2013 profit after tax and minority interests (Patmi) of $182 million (+45 per cent y-o-y), beating our and consensus’ expectations by 28 per cent/21 per cent. The outperformance came
        535 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,234 14,234 41,370 41,370 Manufacturing 364,510 131,741 496,251 207,127 7,025 214,152 Commerce 149,713 298,423 448,136 86,407 26,224 112,630 Tpt/Stor/Comms 68,304 475 68,779 95,962 40 96,002 Finance 48,900 535 49,435 137,414 168 137,583 Construction 106,497 60,670
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change CapMallsAsia 1.815 +0.005 CapitaLand 2.840 -0.010 CapitaMall 1.890 +0.005 CityDev 9.210 -0.040 ComfortDelGro 1.955 DBS Grp 16.69 +0.040 GLP 2.820 +0.010 Genting SP 1.355 Golden Agri 0.555 HK Land 6.300 +0.020 HPH Trust US$ 0.630 -0.005 JMH 55.95 -0.350 JSH 32.42 -0.480
      113 words
    • Article, Illustration
      Lock icon Yen rises on concern over yuan slide
      494 6 CURRENCIES Bloomberg [LONDON] The yen yesterday advanced the most in more than a week against the US dollar amid speculation that a depreciating Chinese yuan will dampen global growth, boosting demand for the Japanese currency as a haven. The yen gained against most
      Bloomberg; PHOTO: BLOOMBERG  -  494 words
    • Article
      Lock icon RISES
      115 6 BY CENTS CLOSE UP DBXT AUDCS 5US$ ***** 102.5 0.4 SPDRS S&P 500 10US$ ***** 96.1 0.4 GLD 10US$ ***** 84.7 0.5 DBXT FTVietnam 10US$ 2884 83.5 2.3 DBXT iBoxxKR 5US$ ***** 78.4 0.4 SPDR DJIA 10US$ ***** 73.4 0.4 DBXT Nifty 10US$ ***** 53.1 0.4 DBXT MSKorea 10US$
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    • Article
      Lock icon FALLS
      120 6 BY CENTS CLOSE DOWN Lyxor Indonesia10US$ 8020 -371.9 -3.5 DBXT iBoxxUSTr 5US$ ***** -160.6 -0.6 Jardine C&C 3788 -122.0 -3.1 DBXT iBoxxSvEu 5US$ ***** -67.0 -0.2 JSH 3242 -60.7 -1.5 DBXT AUD Bonds 5AU$ ***** -53.6 -0.3 JMH 5595 -44.3 -0.6 Lyxor ThaiSET 10US$ ***** -44.3 -0.3 DBXT MSINDO
      120 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      82 7 LIVE IN SINGAPORE 8 PM TUES 11 MAR 2014 THE STAR PERFORMING ARTS CENTRE AN EVENING WITH THE LEGENDARY PAUL MY WAY DIANA THIS IS IT LONELY BOY SHE’S A LADY YOU ARE MY DESTINY PUT YOUR HEAD ON MY SHOULDER a ■.k 1 M VTA.. ■■m P i I
      82 words
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  • FORWARD THINKERS
    • Article, Illustration
      Lock icon Bikes give little tykes a leg-up
      1920 8  -  ING’s Orange Bikes project helps children in remote villages take the fast track to schooling, writesTEH TEH SHI NING everyone,” says. tshining@sph.com.sg AS global banks continue to wrestle with how to regain trust and respect for the crucial functions they perform in economies, here
      PHOTO: ARTHUR LEE  -  1,920 words
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      123 9 Is your business ready to launch a new business? Cloud-based innovations are creating a trillion dollars in market opportunities, but organisations that don’t embrace them will miss out. Smarter enterprises are using the cloud to explore entirely new business models. With freedom from typical constraints, some businesses on the IBM
      123 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon MCL Land tops bid for 2 Choa Chua Kang EC plots
      537 10  -  It offers $375.05 psf ppr for one and $338.94 psf ppr for the other By MINDY TAN tanmindy@sph.com.sg MCL Land (Brighton) has swooped in on two adjoining executive condominium (EC) plots in Choa Chu Kang, offering $375.05 per square
      537 words
    • Article, Illustration
      Lock icon Andrew Ang retires as Supreme Court judge after 10 years
      336 10  -  By MICHELLE QUAH michquah@sph.com.sg SUPREME Court judge Andrew Ang retires from the Bench today, after a decade of distinguished service. He started his career as a lecturer with the University of Singapore’s Faculty of Law. He joined Lee Lee as
      FILE PHOTO  -  336 words
    • Article
      Lock icon S’poreans most concerned about selfsufficiency in old age
      319 10  -  By SHEENA TAN tsheena@sph.com.sg SINGAPOREANS’ biggest fear about ageing is not having enough money for their medical care, but even then, they are generally more confident than their peers in the region about having personal savings and investments as their primary source
      319 words
    • Article
      Lock icon Top executives earning more here than in HK
      497 10 As living costs rise in S’pore, gap to widen from 2013’s 19% Bloomberg [SINGAPORE] Singapore’s top executives are making more money than those in Hong Kong, with the gap expected to widen as living costs in the island republic rise, according to
      Bloomberg  -  497 words
    • Article
      Lock icon JTC launches five small plots in Tuas
      693 10  -  By MINDY TAN tanmindy@sph.com.sg FIVE more small industrial sites were launched yesterday, in line with JTC Corporation’s plan to offer more affordable land parcels to small and medium-sized industrialists. Two sites in Tuas South Street 6 (Plots 45 and 47) were released under
      693 words
    • Article, Illustration
      Lock icon PRESIDENT AND TEAM VISIT JURONG ROCK CAVERNS
      75 10 JTC Corporation (JTC) yesterday hosted a visit by President Tony Tan Keng Yam and the Council of Presidential Advisers (CPA) at the Jurong Rock Caverns (JRC) on Jurong Island. Now being built, the JRC is both Singapore’s and South-east Asia’s first underground liquid
      75 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Petronas to sell 25% of Canada shale gas project
      652 11  -  CEO says buyer is an Indian firm and that Petronas aims to offload 12% more By S JAYASANKARAN in Kuala Lumpur MALAYSIAN state oil firm Petronas has agreed to sell a 25 per cent interest in its Canadian shale gas assets
      652 words
    • Article
      Lock icon Indonesia copper & gold project set for IPO
      711 11 Indonesia copper gold project set for IPO Reu ters [JAKARTA] A US$4 billion copper and gold project in Indonesia, snatched from an Australian company two years ago, is set to come back to the market this year in a public offering by its new owners, led by two local coal
      Reuters  -  711 words
    • Article, Illustration
      Lock icon CIMB’s FY net up 4.5% on strong S’pore growth
      503 11  -  By PAULINE NG in Kuala Lumpur CIMB Group Holdings Bhd registered a 4.5 per cent rise in net profit to RM4.54 billion (S$1.75 billion) for its fiscal year to end December, with its Singapore operations showing strong growth. Total profit-before-tax (PBT)
      PHOTO: REUTERS  -  503 words
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      Lock icon Page 11 Advertisements Column 1
      258 11 1 f “Ah zpcaUhtvt disi aModjs kefirs utfiti outf/u cased pr&duce. Julien Royer, Chef de Cuisine ARTISANAL CUISINE, A WAY OF LIFE. Celebrate ihe decadent flavours of Winter with a new seasonal menu. IA AN was ranked 22 nd and awarded the "One to Watch" by S. Pellegrino's Asia's 50
      258 words
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  • GREATER CHINA
    • Article
      Lock icon China corporate debt hits record US$12t
      583 12 Domestic restructuring underway; more defaults expected Reuters [HONG KONG] China’s corporate debt has reached record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults, as credit repayment problems rise. Chinese non-financial companies held total outstanding bank borrowing and
      Reuters  -  583 words
    • Article, Illustration
      Lock icon LinkedIn jumpstarts expansion into China
      646 12 It unveils a Chinese language version of its website Reuters [SAN FRANCISCO] Professional social networking website LinkedIn launched a Chinese language version of its website on Monday, a move that could jumpstart its expansion into the world’s largest Internet market by users even as the
      Reuters; PHOTO: REUTERS  -  646 words
    • Article
      Lock icon Compliance higher on the agenda for US companies in China
      545 12 Reu ters [SHANGHAI] US companies in China placed greater focus on compliance last year after several high profile probes into corruption and high pricing, but rising costs and a skills shortage remained their main concerns, the American Chamber of Commerce
      Reuters  -  545 words
    • Article, Illustration
      Lock icon Sina Corp planning US IPO for Weibo
      379 12 NYT [SHANGHAI] SINA Corp, one of China’s biggest Internet portals, is preparing an initial public offering in the United States for Weibo, its Twitter-like microblogging service, according to people close to the matter. The offering, which has not been formally announced, could raise
      NYT; PHOTO: BLOOMBERG  -  379 words
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      Lock icon Page 12 Advertisements Column 1
      209 12 itshow.sg/about Get the latest updates on fb.com/comexITshow 2014 27 Feb 2 Mar Sands Levels 1 B2 12pm 9pm daily Marina Bay WIN over $30,000 worth of Cash and Gadgets! (For every $100 spent or deposit placed, you get 1 chance to win. Terms and conditions apply) THE BIGGEST SHOWCASEOF I.T.
      209 words
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      3909 13 VOLUNTARY UNCONDITIONAL CASH OFFER by UNITED OVERSEAS BANK LIMITED (Company Registration No.: *****0026Z) (Incorporated in the Republic of Singapore) for and on behalf of UIC ENTERPRISE PTE LTD (Company Registration No.: *****1542D) (Incorporated in the Republic of Singapore) to acquire all the issued and paid-up ordinary shares in the capital
      3,909 words
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  • WORLD
    • Article, Illustration
      Lock icon Harsh weather seen hitting US growth in Q1
      700 14 But revival is likely; hopes for stronger expansion this year remain unchanged Reuters [WASHINGTON] Unusually cold weather will take a bite out of US economic growth this quarter, but a rebound seems likely on the horizon and expectations for stronger growth this
      Reuters; PHOTO: REUTERS  -  700 words
    • Article, Illustration
      Lock icon Buffett warns against excessive trading
      890 14 Bloomberg [NEW YORK] Warren Buffett, the billionaire chairman of Berkshire Hathaway, cited a farm he’s owned since 1986 to caution individuals against frequent buying and selling of stocks. Investors should treat their equity holdings like real estate purchases, focusing on the potential for profits over
      Bloomberg  -  890 words
    • Article, Illustration
      Lock icon Park announces three-year plan to rebalance S Korean economy
      631 14 Scheme to deliver potential growth rate of at least 4% AFP [SEOUL] South Korean President Park Geun-Hye unveiled yesterday a three-year plan to rebalance the export-reliant economy, investing US$3.7 billion on start-ups, boosting domestic spending and getting more young people and
      AFP; PHOTO: REUTERS  -  631 words
    • Article
      Lock icon German economy up 0.4% in fourth quarter
      485 14 Foreign trade expands; domestic demand shrinks Reuters [BERLIN] Foreign trade propelled growth in Europe’s largest economy in the fourth quarter while domestic demand, which had been a key growth driver throughout the rest of the year, was a drag. Seasonally-adjusted data from the
      Reuters  -  485 words
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      Lock icon Doubts persist over what EU can offer Ukraine
      810 15 Policy towards Kiev has been one of ‘bold talk and paltry action’: analyst WP [BRUSSELS] The European Union (EU) responded to the Arab uprisings of 2011 with pledges that echo what it is now offering Ukraine: “full support to the transition” in
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    • Article
      Lock icon Dangerous to force a choice upon Ukraine, warns Russia
      262 15 Reuters AFP [MOSCOW] Ukraine must not be forced to choose between close ties with Russia or the West, Russian Foreign Minister Sergei Lavrov said yesterday. The comment was the latest in a series of warnings from Moscow to the European Union
      Reuters; AFP  -  262 words
    • Article
      Lock icon US readying financial aid for Ukraine
      560 15 Move made to apply pressure on Russia to let events unfold without interfering Reuters [WASHINGTON] The United States said that it was ready to provide financial assistance to Ukraine to complement a loan programme from the International Monetary Fund (IMF) in the aftermath of
      Reuters  -  560 words
    • Article
      Lock icon Lithuania’s top 3 banks pushing to join ECB review
      444 15 Country expects a decision by July on its bid to adopt euro Bloomberg [FRANKFURT] Lithuania’s three biggest banks are pushing to join the European Central Bank’s bal-ance-sheet assessment as the former Soviet republic steps up its bid to become the 19th
      Bloomberg  -  444 words
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      Lock icon Fed’s forecasts may help signal policy intentions
      1051 16 Yellen seeks new tool to communicate Fed’s intention to keep rates low Bloomberg [WASHINGTON] As Janet Yellen seeks to forge a consensus on a new strategy for communicating the Federal Reserve’s intention to keep rates low, she can reach for a six-year-old tool:
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      Lock icon US, UK authorities work together in Libor investigation
      736 16 Justice Department, Serious Fraud Office splitting caseload NYT [NEW YORK] It seemed to be a thumb in the eye of the US Justice Department. Britain last week criminally charged a former Barclays employee suspected of trying to manipulate global interest rates, even
      NYT  -  736 words
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      Lock icon Credit Suisse CEO to testify before US tax panel
      343 16 Reuters [WASHINGTON] The chief of Swiss bank Credit Suisse Group AG will square off today against US Senator Carl Levin as the veteran congressional investigator releases his latest findings on offshore tax evasion. For more than six years, Mr Levin’s staff
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    • Article
      Lock icon Asia’s financial integration bids failed test: experts
      531 17  -  Conference warned about contagion in region if further financial crises arise By ANTHONY ROWLEY in Tokyo ASIA’S attempts so far at financial integration have “failed the market test”, experts charged yesterday at an international conference in Tokyo where they also sounded warnings about
      531 words
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      Lock icon Bitcoin blow with Mt Gox in limbo
      739 17 Founder of Tokyo exchange missing and website down Reuters [TOKYO] Mt Gox, once the world’s biggest bitcoin exchange, looked to have essentially disappeared yesterday, with its website down, its founder unaccounted for and a Tokyo office empty bar a handful of protesters saying
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    • BRIEFING
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        Lock icon EU upgrades growth forecasts, modest recovery sustainable
        95 17 AFP [BRUSSELS] The European Union upgraded its economic forecasts yesterday, betting that a modest recovery is now sustainable as member states push ahead with reforms. The 18-nation eurozone should grow 1.2 per cent this year and 1.8 per cent in 2015, slightly up
        AFP  -  95 words
      • Article
        Lock icon Slim, Austria move towards control of Telekom Austria
        116 17 Reuters [VIENNA] An alliance between Carlos Slim and the Austrian government to control Telekom Austria moved closer as Mr Slim said that he wanted to start formal talks, and Austria said that it was interested. “We are open for a close cooperation,”
        Reuters  -  116 words
      • Article
        Lock icon Panel proposes auctioning off UK visas at £2.5m reserve price
        113 17 Bloomberg [LONDON] UK Home Secretary Theresa May should set up a new “premium” route for wealthy investors, with 100 visas a year auctioned off at a reserve price of £2.5 million (S$5.3 million), an advisory panel recommended. The Migration Advisory
        Bloomberg  -  113 words
      • Article
        Lock icon Google lobbies to stop restrictions on Google Glass
        91 17 Reuters [SAN FRANCISCO] Google is lobbying officials in at least three US states to stop proposed restrictions on driving with headsets such as Google Glass, marking some of the first clashes over the nascent wearable technology. Some eight US states are considering
        Reuters  -  91 words
    • Article, Illustration
      Lock icon Thai protests take big toll on January trade figures
      624 17 Reuters [BANGKOK] Thailand announced a slump in trade figures yesterday with the biggest drop in imports in more than four years in January, as months of anti-gov-ernment protests extended their economic toll beyond falling tourism numbers. Imports fell 15.5 per cent
      Reuters; FILE PHOTO  -  624 words
    • Article
      Lock icon JPMorgan Chase to cut 5,000 jobs this year
      198 17 AFP [NEW YORK] US banking giant JPMorgan Chase yesterday said that it would eliminate 5,000 jobs from its global workforce this year. JPMorgan forecast its total headcount in 2014 at 260,000, down from 265,000 last year and 280,000 in 2011, according to
      AFP  -  198 words
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      1060 15 TELEDATA (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0922M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Teledata (Singapore) Limited (the “Company”) will be held at SAFRA Jurong, Evergreen Room, 333 Boon Lay Way Singapore *****8 on 14 March
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      132 16 GET OnBOARd To Enjoy inspiring TRAVEL T ow ah° SUPERB DEALS! pass Boarding Pass Seat No Flight No W 11 er s trave download the S6TRAVE/./.ERS APP NOW! Brought to you by SPH, the easy-to-use sgtravellers app spins more exciting travel yarns with its new Luxe Travel chapter featuring stories
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      464 17 NOTICE OF LOSS OF SHARE CERTIFICATE GE CAPITAL (SINGAPORE) HOLDINGS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2736E The following share certificate has been reported as lost, misplaced, destroyed and not traceable by the registered holder: Name of Registered Holder Share Certificate No Number of shares GE Consumer
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  • EDITORIAL & OPINION
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      Lock icon A timely $500m ICT carrot for SMEs
      452 18 EDITORIAL FOR every hyper-wired corporate behemoth in Singapore, there are probably 10 of their smaller brethren that are suspended in the turn of the millennium on technology adoption. The small and medium-sized enterprise (SME) is a paradoxical animal, nimble because of its size
      452 words
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      Lock icon Abe needs to rein in his right-wing associates
      795 18  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 ALMOST seven decades after the end of the Pacific War, the main protagonists seem to be tussling again, albeit so far only rhetorically.
      795 words
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      Lock icon Investing in Asia’s infrastructure projects
      1171 18  -  Private investors fail to make headway as Asian banks have a stranglehold on funding By IAN GREER The writer is a managing director at Standard Poor’s Ratings Services PENSION funds and other non-traditional lenders are eagerly eyeing investment opportunities in Asia’s booming infrastructure sector. On
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      Lock icon TPP – The way forward for partners
      1069 19  - TPP The way forward for partners Designating certain chapters for early harvesting would help some companies enjoy the fruits of the deal earlier By SHUBHENDU MISRA TAN JUAN FOOK The writers are respectively partner, global trade and FTA lead, global trade at EY in Singapore The views expressed are their
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      Lock icon Facebook stock not so different from bitcoin
      612 19  -  By ROB COX &SH REUTERS BREAKINGVIEWS WITH its extraordinary US$19 billion swoop on WhatsApp last week, Facebook proved its stock is not so different from the crypto-currency of the moment, bitcoin. They can both be used for certain, specific purposes. Neither is backed
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    • Article
      Lock icon The importance of building IP rights
      900 19  -  By ROD HUNTER The writer, a senior director for international economics on president George WBush’s National Security Council, is a senior vice president at the Pharmaceutical Research and Manufacturers of America Project Syndi cate IN HIS recent State of the Union address, US President
      Project Syndicate  -  900 words
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  • Transport HUB
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      Lock icon Silver lining in EU threat to ban Filipino seafarers
      974 20  -  Standard of training and certification in the Philippines is being raised, which is in everyone’s interest STRAIT TALK By DAVID HUGHES FOR many years, men and women from the Philippines have left their homes to work on the world’s merchant fleet.
      974 words
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      Lock icon Piraeus port focal point of Greece’s logistics push
      770 20 Turning it into bigger trade gateway will spur economy Bloomberg [BRUSSLES] The Greek port of Piraeus could become one of Europe’s top five container shipping hubs as the government spurs logistics activities in a bid to kick-start economic growth, said Development Minister
      Bloomberg; PHOTO: BLOOMBERG  -  770 words
    • Article
      Lock icon Rolls-Royce’s drone ship pitch awash in industry doubt
      709 20 Bloomberg [NEW YORK] In an age of aerial drones and driverless cars, Rolls-Royce Holdings is designing unmanned cargo ships. Rolls-Royce’s Blue Ocean development team has set up a virtual reality prototype at its office in Alesund, Norway, that simulates 360-degree views from
      Bloomberg  -  709 words
    • Article
      Lock icon TRANSPORT STOCKS
      240 20 SGX '000 Feb 25 S$ +/-Vol Ch Offshore 0.42 0.01 50 Chuan Hup Hldg unch unch 0 Feb 25 Cwt Limited Vol First Ship Lea unch unch 0 Grand Banks 0.22 unch 58 Jaya Hold Ltd 0.75 -0.03 6878 K1Ventures 0.20 unch 1196 Keppel Corp 10.43 -0.01 2160
      240 words
    • ASIA PACIFIC MARITIME 2014
      • Article, Illustration
        Lock icon Still boxed in by excess supply
        1109 21  -  Main lines’ gigantism continues to depress freight rates in general, say industry players, but geared feeder vessels below 3,000 TEUs will remain in high demand and see increasing rates. MALMINDERJIT SINGH reports MALMINDERJIT SINGH msingh@sph.com.sg THE container shipping industry may continue to suffer this
        PHOTO: AFP  -  1,109 words
    • TRANSPORT HUB: AVIATION
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        Lock icon Ailing Qantas may axe 5,000 jobs: report
        637 22 Carrier silent on this but reiterates that it’s committed to A$2b in cost cuts AFP [SYDNEY] Struggling Australian carrier Qantas yesterday said it was committed to slashing costs by A$2 billion (S$2.3 billion) but refused to confirm or deny a report that it
        AFP; PHOTO: AFP  -  637 words
      • Article, Illustration
        Lock icon Boeing struggling to sell early 787 Dreamliners: sources
        869 22 Bloomberg [CHICAGO] Boeing Co is struggling to find buyers for 11 of its earliest 787 Dreamliners valued at US$1.1 billion after two airlines dropped orders for the holdover models from the jet’s troubled birth, people briefed on the plans said. The partially
        Bloomberg; PHOTO: REUTERS  -  869 words
      • Article
        Lock icon Heathrow says rise in passengers backs case for new runway
        431 22 Reuters [LONDON] Britain’s biggest airport, Heathrow, served 3.4 per cent more passengers last year, an increase the airport said bolstered its case for a new runway. Heathrow, situated west of London, is at the centre of a long-running political tussle
        Reuters  -  431 words
      • Article
        Lock icon Turkish Airlines turns to US investors for financing
        610 22 It is selling bonds to fund plans to double passenger numbers Bloomberg [ISTANBUL] Turkish Airlines, whose advertisements feature sports stars including Lionel Messi and Kobe Bryant, is turning to US investors to help finance plans to double the number of passengers it
        Bloomberg  -  610 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Smaller engine on the cards for Ford Focus
        578 23 Bloomberg [DETROIT] Ford Motor Co, the second-largest US carmaker, plans an optional smaller engine for its updated Ford Focus compact car to woo US drivers looking for improved fuel efficiency. US customers will be able to buy the Focus with a 1-litre
        Bloomberg  -  578 words
      • Article, Illustration
        Lock icon Analysts predict global car sales will peak in next decade
        1445 23 Pollution, gridlock are putting a damper on driving WP [SOUTHFIELD, Michigan] The world that Henry Ford put on wheels is poised to stall. Several auto-industry analysts predict “Peak Car”, a point at which annual global sales growth will top out,
        WP; PHOTO: BLOOMBERG  -  1,445 words
      • Article, Illustration
        Lock icon New Mazda3 goes upmarket with Cat B type features
        519 23  -  Cat A car expected to make up half Trans Eurokars’ total sales By SAMUEL EE samuelee@sph.com.sg THE new Mazda3 will be a core model for Trans Eurokars, with this COE Category A car likely to make up as much as half
        519 words
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      191 21 3 th edition Asia Pacific MARITIME Offshore Asia Pacific Maritime 2014 19-21 March 20U Hall A, B, C, D, E F Marina Bay Sands, Singapore This is iheONE 0ll ding Mar\r> e HEAR FROM LEADING SHIPOWNERS Um 3-day exhibition across 6 halls 15,000 visitors from over 60 countries 16 official
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      317 22 CRYPTIC CROSSWORD Across 1 Stumbled, beginning to go to get rent (6) 5 At home, putting power into exercise is unprofessional (8) 9 Trying to impress King George with status (13) 10 Conveyance for the upwardly mobile? (5-3) 11 Mine is worried about company pay (6) 12 Animal rights covered
      317 words
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      31 23 HOW ARE YOU LIVING THE NEW YEAR? DO ONE RANDOM ACT OF KINDNESS DAILY LOVE MORE TRY SOMETHING NEW EVERYDAY SPEND MORE TIME WITH MUM BE A BETTER LISTENER KISS MORE
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  • Article
    Lock icon Shipping Times
    2923 24 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      134 24 Shanghai Chittagong C a i l a n E n n o r e J e d d a h Ho Chi Minh NYK RORO &Conventional ServiceREGULAR SERVICE TO REGULAR SERVICE TO B r i s b a n e Persian Gulf, Bengal, Red Sea, Australia, East South Africa, Asia
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      130 24 ■a dE-V L u IE PC PJI Services we provide: Transportation/Haulage Mechanical Repairs Pre Delivery Inspection Refurbishment Accessory Fittings Washing Storage/Preservation Yard Management Wallenius Wilhelmsen Logistics Singapore Pte Ltd Tel: (65) 6379 5166 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com Website: http://www.2wglobal.com FREIGHT LINKS EXPRESS Customer Service Contact: *****535, *****553, *****541,
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      78 25 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II SpotlightAward Wins Certifications Come publicise your Award Wins Certifications, Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment, Corporate Image, Corporate Developments and Company Anniversary. There’s no
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      19 25 USE THIS SPACE TO SELL CALL JOE WO IMG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3028 26 Transaction date: Feb 25 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 14 11 8Telecom Vol Day Last Quote Div Gr Yld Net M Cap 181.6 102.4 AIMSAMPIReit 137 -1.5 539 138.5
      3,028 words
    • Article
      Lock icon SGX CATALIST
      277 27 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 37 21 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller
      277 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11348 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.19/ Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** Asian Smaller Cos! China Opportunities' 1.85/ 2 6631/ EM Local Ccy Bond 0 8807/ European Opportunities!" 1.3258/ Global
      11,348 words
    • Article
      Lock icon GLOBALQUOTE
      262 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61.5 34.4 AVJennings A61.5 +3.5 52 61.5 58.5 60.5 62 3.6 5.7 5 227.7 52 35.5 Genting HK US$ US40.5 -0.5 2497 41 40.5 40 40.5 2666.7
      262 words
    • Article
      Lock icon SGX ETF
      1133 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 110.3 -3.4 24 113.7 110.2 111 114 503.5 143 119 CIMB APAC Div 100S$D 123.5 +0.1 123.5 123.5 123 124
      1,133 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      692 28 Feb 25 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.51 *****.54 *****.49 Mar14 *****.00 *****.00 *****.00 *****.00 *****0 *****6 Jun14 *****.00 *****.00 *****.00 *****.00 363 8347 MSCI TAIWAN INDEX FUTURES SPOT 300.57 301.14 299.64 Feb14 300.30 302.90 300.10 300.60 *****7 *****6 Mar14 300.30
      692 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Feb 24 Index Change Change Change Change Change Change World Preliminary 1192.4 0.8 0.7 0.6 0.9 0.8 0.7 EAFE Preliminary 959.0 0.4 0.3 0.2 1.0 0.3 0.8 Europe Preliminary 1389.8 0.7 2.6
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 28 Feb 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.998 5.519 0.656 6.998 55.864 105.385 0.922 9.672 2.965 1.082 94.671 40.234 1.140 9.744 0.800 27.380 29.362 0.541 0.902 Canada 1.002 5.530
      471 words
    • Article
      Lock icon SIBOR
      34 28 Feb 25 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 28 Feb 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.3 1-Year BY*****T 31-Oct-14 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.59 101.68 101.65 5-Year NX*****W 2.5 01-Jun-19 105.41 105.53 105.44
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    • Article
      Lock icon PRECIOUS METALS
      136 28 Feb 25 GOLD(US$/oz) Feb 25 Feb 24 Hong Kong 1338.00 1333.00 Feb 24 Feb 21 London 1338.20 1319.60 1338.65 1320.25 Source: Thomson Reuters CAST BAR Feb 25 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 122 54 5gm 346 270 10gm 618 541
      136 words
    • Article
      Lock icon PALM OIL
      57 28 Feb 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2764.0 2750.0 2768.0 2750.0 650 3351 Apr 14 2747.0 2751.0 2770.0 2747.0 3924 ***** May 14 2728.0 2734.0 2755.0 2728.0 ***** ***** Jun 14 2709.0 2714.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 28 Feb 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1400 1.1408 0.9013 0.9017 Canadian dollar 1.1422 1.1432 0.9036 0.9031 Euro 1.7390 1.7400 1.3749 1.3753 NZ dollar 1.0531 1.0542 0.8326 0.8332 Sterling pound 2.1083 2.1097 1.6669 1.6675
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 28 Feb 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1386.50 1370.75 1389.75 1369.25 May 14 1375.00 1360.25 1378.00 1358.25 Jul 14 1358.25 1344.75 1361.25 1343.00 Aug 14 1311.00 1299.25 1313.75 1297.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
      109 words
    • Article
      Lock icon LIFFE
      94 28 Feb 24 COCOA (£/tonne) Close Prev High Low Mar 14 1840 1843 1853 1831 May 14 1846 1848 1858 1837 Jul 14 1842 1843 1854 1832 Sep 14 1835 1836 1846 1825 COFFEE(US$/tonne) Close Prev High Low Mar 14 2024 1981 2068 2003 May 14 2003 1955 2045 1951
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1231 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 Exer Acma Ltd W*****7 Prem Disc Ascendas Reit MB ECW*****3 2.9 0.2 240 1 Ascendas Reit MB eCW*****1 2.8 0.2 210 2 Ascendas Reit
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Feb 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.58 0.77 WTI (Near Mth) 102.97 0.47 Dubai (1-Mth F) 105.96 -0.40 Tapis blend 113.94 -0.57 Minas 108.04 -0.47 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.83 0.44 Jet Kerosene 124.08 -0.73 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Feb 25 S$ Bid Offer 1-month 1.2648 1.2652 2-months 1.2648 1.2652 3-months 1.2647 1.2651 6-months 1.2644 1.2649 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 28 Feb-24 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1718.50 1727.50 3 months 1762.00 1771.00 Copper, Grade A(US$/tonne) Cash 7134.00 7211.00 3 months 7077.00 7155.00 Lead(US$/tonne) Cash 2111.25 2131.75 3 months 2132.00 2150.00 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      127 28 As at 9am Feb 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.166 1.111 Can dollar 1.162 1.118 Euro 1.774 1.690 Sterling pound 2.141 2.059 NZ dollar 1.076 1.035 US dollar 1.288 1.227 Local dollars to 100 units of foreign
      127 words
    • Article
      Lock icon INTERBANK RATES
      157 28 Feb 25 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 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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      358 29 \-V> wi,. STPROPERTY 4 EXPO MARCH 2014 Let STProperty bring Malaysia's most established property developers to you! Foreign buyers can still snap up Johor properties with the current minimum RM500.000 price by April 30. Capitalise this opportunity before the new property measures kick in! (Source: the straits times, 20 Feb
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  • executive Money
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      Lock icon Room to boom or boom to bust?
      1062 30  -  While global economies appear to be on the upswing as we enter 2014, investors must now contend with new challenges MARK BAVOSO The writer is a senior portfolio manager on the Global Multi-Asset team with Morgan Stanley Investment Management AYEAR and a half
      PHOTO: BLOOMBERG; Source: MSIM Global Multi-Asset Team analysis. For illustrative purposes only. Based on analysis of S&P 500 prices, earnings and multiples since 1960. Past performance is not indicative of future results  -  1,062 words
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      Lock icon EM valuations attractive, but it’s not time to buy big
      987 30  -  Households in emerging and developed Asia still heavily weighted in cash By GENEVIEVE CUA gen@sph.com.sg EMERGING-MARKET valuations are looking attractive, but it is probably not time to pile in in a big way. Kevin Gardiner, Barclays (Europe) chief investment officer,
      987 words
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      Lock icon S’pore slips in global retirement ranking
      665 29  -  The fall to 41st spot from 28th last year shows welfare issues need more fine-tuning, writes GENEVIEVE CUA GENEVIEVE CUA gen@sph.com.sg SINGAPORE has dropped out of the top 30 countries in Natixis Global Asset Management’s 2014 Global Retirement Index, reflecting a decrease in the
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      Lock icon Greed turns loss-makers into leaders
      718 29 Fear of losing out also driving bullish US stock market Bloomberg [NEW YORK] Two things explain why the biggest gains in the US stock market this year are coming from companies without profits, according to Jeff Mortimer of BNY Mellon Wealth Management: greed, and fear
      Bloomberg  -  718 words
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      Lock icon WEALTH BEGETS WEALTH
      1566 1  -  By Siow Li Sen D ESPITE market volatility, 2013 was a good year for private banks, with some chalking up double-digit growth in assets under management (AUM) along with improved profits. Emerging markets may have lost some of their lustre, but Asia’s wealthy continued to enjoy healthy
      1,566 words
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      Lock icon Opportunities amid volatility
      1188 2  -  While the fundamental growth story remains intact in Asia, investors need to remain vigilant about the short-term risks, saysTAN TAN SU SHAN The writer is group head of consumer banking and wealth management, DBS Bank WHAT a volatile start to the year it has been. While global
      PHOTOS: REUTERS, AFP  -  1,188 words
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      Lock icon Moving towards fee-based portfolio management
      804 2  -  By RAJESH MANWANI The writer is head of product management, Asia Pacific, Private Banking Wealth Management, Credit Suisse IN the aftermath of the financial crisis, the global financial industry has been going through unprecedented changes driven by regulatory reforms and changing stakeholder expectations. As greater
      804 words
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      Lock icon Value in European equities and bonds
      793 2  -  By MARC LANSONNEUR The writer is regional head of investment and market solutions, Societe Generale Private Banking, Asia Pacific FOR Societe Generale Private Banking, 2014 appears to be a year of further economic normalisation. With international investors increasingly sharing the sentiment of better visibility,
      793 words
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      Lock icon Be smart and embrace change
      1079 3  -  Critical to the success of private banking are technology, client relationships and regulation, saysRANJIT KHANNA RANJIT KHANNA The writer is head of South Asia Global NRI, Coutts THE wealth management industry is at a crossroads. Emerging market growth over the past decade took the world
      Source: Fathom Consulting; Source: Coutts; PHOTO: REUTERS  -  1,079 words
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      Lock icon A year to be A.G.I.L.E
      902 3  -  By STEVE BRICE The writer is chief investment strategist, Group Wealth Management, Standard Chartered Bank IN 2013, there were three calls investors needed to get right to ensure a strong performance of their investments: Na preference for global equities over global bonds; Na bias for
      902 words
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      Lock icon Fixed income: Separating wheat from chaff
      916 3  -  By BRYAN HENNING The writer is head of global investment and solutions, Asia Pacific, Middle East and Africa, Barclays WE have over the last decade witnessed a spectacular bull market in fixed income. This saw bond yields compressed from about 7 per cent on
      916 words
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      Lock icon Wealth industry at inflection point
      860 4  -  Advisers with an integrated platform and the ability to deliver holistic and tailored solutions will have an advantage, saysEDMUND EDMUND KOH The writer is Singapore country head and chief executive, UBS Wealth Management South-east Asia and APAC Hub ASIA-PACIFIC continues to be a global hot
      STOCK.XCHNG  -  860 words
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      Lock icon Next generation: Internet of Things
      924 4  -  By MICHAEL STIEFEL The writer is the executive director of investment consulting services, Bank Julius Baer IMAGINE if the cloud was aware that you were coming back home, as your positioning and every movement are tracked with your smartphone. The smartphone would communicate with the
      PHOTO: AFP  -  924 words
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      Lock icon Mutual funds the lego blocks of portfolios
      924 4  -  By CHANDRIMA DAS The writer is head of fund solutions team, Bank of Singapore IT is common knowledge that Asia continues to lag behind developed markets such as the US for share of mutual funds and other professionally managed products as a part
      924 words
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      167 1 LIST OF BANKS ABN AMRO Bank NV Private Banking Page 5 Bank Julius Baer Co Ltd Page 6 Bank of Singapore Ltd International Private BankPage 7 BNP Paribas Wealth Management Page 8 Citi Private Bank Page 9 Coutts Co Ltd Page 10 Credit Agricole (Suisse) SA Private Banking Page 11
      167 words
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      1020 5 Wealth Structuring and Estate Planning A Holistic Approach eing our client's trusted adviser, we can deliver very complex, transparent, tailored solutions and quality advice, as required by circumstances and jurisdictions to truly add value to our clients. 55 Hugues Delcourt CEO, Private Banking Asia Middle East ABN AMRO While the
      1,020 words
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      973 6 6 ASEAN is now adjusting within its growth cycle’ AN INTERVIEW WITH: David Lim CEO Singapore and Head Private Banking South East Asia, Bank Julius Baer Q: What differentiates Bank Julius Baer? Julius Baer is the leading Swiss private banking group, with an exclusive focus on servicing and advising private
      973 words
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      881 7 Regardless of the type of product offering. Bank of Singapore believes that what sets it apart from the rest is consistent good performance. "Are you able to achieve the financial objective of your clients? That's how you differentiate yourself." Mr Renato de Guzman Chief Executive Officer Bank of Singapore Global
      881 words
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      955 8 BNP Paribas's award winning Discretionary Portfolio Management services differentiate it from peers. BNP Paribas is known for its strong investment team and extensive advisory and discretionary platform. Tell us more about the Bank's plans to develop these and how you think we can expect to see the market move in
      955 words
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      701 9 During an age when technology can help you to execute and spot opportunities faster and information is ever abundant, our two centuries of banking experience tells us that clients seek insights over information and strive for simplicity when managing their lives and their wealth. Though technological innovation can provide that
      701 words
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      878 10 An exceptional approach to wealth management Coutts opened a representative office in Singapore in 1990 and a branch office in 1995. But its links to Singapore go back to the 1800s. Coutts had banked exceptional individuals who had left their mark on Singapore's history: superintendent engineer Captain Charles Edward Faber,
      878 words
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      471 11 Sen Sui CEO Credit Agricole Private Banking, Singapore Branch Trust is the basis of our business. We are driven by customer satisfaction and the pursuit of long-term performance. Our bank is characterised by a culturally diverse team with a strong entrepreneurial spirit, committed to deliver a personalised service to each
      471 words
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      1000 12 »> f L The Wealth Institute reflects Credit Suisse's firm commitment and continued investment in talent development and client partnership. We also wish to contribute to the growth of Singapore as an international financial center and help further develop the pool of wealth management professionals and financial services leaders. Francesco
      1,000 words
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      816 13 DBS PRIVATE X BANK ACHIEVING GROWTH THROUGH SAFETY -fj V mSt A r v*. i r '»r s |«< ym i*"" F 1 We put clients' interests first and make sure we provide a win-win situation. We nurture Asian-style relationships and use our knowledge and expertise in this region to
      816 words
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      717 14 Deutsche Asset Wealth Management h 9 L d 9 me Offers Clients a Holistic Service franchise in Asia, especially after its realignment into DeAWM? For Deutsche Asset Wealth Management (DeAWM), being international means more than having a presence in many countries. As a strategic pillar of the Deutsche Bank Group,
      717 words
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      1059 15 EFG Bank: Rising to the next level I will continue to upgrade the quality of EFG Bank's investment advice and also add on more capabilities and services for our clients. Kong Eng Huat CEO for EEC Bank Singapore and Southeast Asia EFG Bank, an international pure play private bank, set
      1,059 words
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      1038 16 c Helping business owners prosper HSBC Private Bank's primary focus is to be the principal bank for our clients' private banking and business needs. There are strong collaborations between the private banking and commercial banking units within the Group with HSBC Private Bank often stepping in to provide our entrepreneurial
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      559 17 4 m r The need for quality and impartial advice is paramount in a world with increasingly complex financial products. We adopt a team approach where our relationship managers and specialists serve clients with their combined knowledge, experience and expertise. With an open architecture, we monitor and source for suitable
      559 words
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      845 18 i -a Standard Chartered Private Bank, we build multigenerational relationships with our clients by focusing on the needs of the current and future generations. We are a universal bank that has a 150 year history in international banking. Our deep roots in Asia, Africa and the Middle East allow us
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      639 19 #UOB PRIVATE BANK *>> it in Ulllll ■III ill; ■1 ,1 J 3 SI li 1■A J a W r If With an uncertain macroeconomic environment and increased regulatory oversight, clients are turning to banks with strong advisory skills to help them navigate the markets, and strong fundamentals to ensure
      639 words
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      1121 20 UBS How do we deliver superior investment advice and solutions to clients? Advertisement Edmund Koh CEO UBS Wealth Managerm South East Asia and APAC H Highly trained client advisors work with UBS's clients to respond to changing markets in real time, based on market-leading research. With an overriding priority of
      1,121 words