The Business Times, 4 March 2014

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Microfilm: NL33074
Total Pages: 64
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, March 4, 2014
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  • Article
    Lock icon Social spending, fiscal prudence in sharp focus
    654 1  -  MPs debate striking a balance between the two By TEH SHI NING By tshining@sph.com.sg [SINGAPORE] The delicate balance between heavier social spending and fiscal prudence came into sharp focus yesterday, on the first day of the Budget debate. Even as some Members of
    654 words
  • Article, Illustration
    Lock icon Ukraine crisis spooks global stocks, sparks surge in oil and gas prices
    732 1  -  By in NEIL BEHRMANN in London RUSSIA’S intervention in the Ukraine has caused a plunge in global equities and a surge in oil and gas prices. Market participants fear that Group of Seven sanctions against Russia would precipitate
    BT Graphics: Simon Ang and Noordin; Source: Bloomberg  -  732 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,087.47 (-23.31) HST INDEX FUTURES 3,082.00 (-24.00) HSIMSCI 349.98 (-2.97) HSIMSCI FUTURES 350.10 (-2.30) US$ S$ US$ (S$ per US$) 1.267 (US$/S$ per 1.672 2.118 EURO (US$/S$/€ 1.377 1.745 Foreign currency per US$ S$ YEN 101.30 80.00 RM 3.280 2.588 HK$ 7.760 6.124 BAHT 32.55 25.68 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,824.69 -10.97 NIKKEI 225 14,652.23 -188.84 HANG SENG 22,500.67 -336.29 SET INDEX 1,339.21 +13.88 JAKARTA COMP 4,584.21 -36.01 MANILA COMP 6,407.52 -17.47 SEOUL COMP 1,964.69 -15.30 SHENZHEN B 830.63 +0.52 MUMBAI IND 20,946.65 -173.47 11am EST Change DOW 16,185.82 -135.89 NASDAQ 4,275.26 -32.86
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 JAPAN 15.407 TAIWAN 5.036 JAPAN CANADA KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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      227 1 1 ‘i 34 v o 4 OSCARS 9:‘-‘H “>75” ;V_,‘ wi Best Plctureloslng that ‘V ¥3‘e~"f3‘ boxpffice touch; full list w V-Ly «fa of Wmners PAGES2,16,19 :f'. TI I r DI If Servicing Asia’s ultra wealthy: Read all about it in a special Wealth edition GLAMOUR DOUBLE DATE AND GLAMOUR
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      38 1 SME Inc Dispute resolution clauses: What needs to be done PAGE 9 COMPANIES DBS joins top ranks of Asia trade finance: poll PAGE 7 S'PORE ECONOMY PMI up at 50.9 but stock build-up raises a flag PAGE 3
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      1 1 8"*****1"*****4
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  • TOP STORIES
    • Article
      Lock icon Effectiveness of PIC scheme under scrutiny
      586 2  -  Questions raised on gain sharing with workers, S’pore’s value proposition as a high-cost country BUDGET DEBATE By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] While many MPs welcomed the move to enhance the Productivity and Innovation Credit (PIC) scheme and extend it for another three years, some
      586 words
    • Article, Illustration
      Lock icon Tripartite bid to raise re-employment age
      498 2  -  Partners looking at lifting it by two years to 67 By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] The re-em-ployment age in Singapore could be nudged upwards by two years to 67 in an effort to keep older workers employed longer to boost their retirement savings. Heng
      498 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      250 2 Social spending, fiscal prudence in focus THE balance between heavier social spending and fiscal prudence came into sharp focus yesterday, on the first day of the Budget debate. FRONT PAGE Ukraine crisis spooks global stocks RUSSIA’S intervention in Ukraine has caused a plunge in global equity prices and
      250 words
    • Article
      Lock icon All praise from MPs on first day of debate, most touching on PGP
      565 2  -  By TEH SHI NING, LEE U-WEN tshining@sph.com.sg leeuwen@sph.com.sg [SINGAPORE] All 25 members of parliament from both sides of the House who rose to speak on day one of the Budget debate, did so in support of this
      565 words
    • Article, Illustration
      Lock icon Best Picture losing that box-office magic
      435 2  -  By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] The good news for 12 Years A Slave: It just won the Best Picture Oscar award. The bad news: Winning that golden statue is just not the same as it used to be. The box-office bump that traditionally rewarded
      BT Graphics: Ludwig Ilio; Source: Box Office Mojo  -  435 words
    • Article
      Lock icon Kunming incident: little impact on S’pore firms
      520 2  -  SilkAir says flights to and from the city continue as usual By LYNETTE KHOO lynkhoo@sph.com.sg [SINGAPORE] Singapore companies with operations in Kunming, south-west China, said their operations have remained largely unscathed, amid heightened security following a series of brutal knife attacks which killed
      520 words
    • Article, Illustration
      Lock icon Singapore PMI up at 50.9 but stock build-up raises flag
      693 3  -  Some say it’s due to lacklustre demand, others think it’s seasonal weakness By KELLY TAY kellytay@sph.com.sg [SINGAPORE] Singapore’s Purchasing Managers’ Index (PMI) moved further into expansion territory in February, but a build-up in inventories and stocks of finished goods has
      Source: Singapore Institute of Purchasing & Materials Management (SIPMM)  -  693 words
    • Article
      Lock icon China PMI in Feb falls for third month in a row: HSBC
      688 3  -  PMI shows new orders, output both shrank for the first time in 7 mths By in VIRGINIE MANGIN in Beijing CHINESE manufacturing activity contracted last month at its worst rate in seven months, HSBC said yesterday, the latest
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  • COMPANY NEWS
    • Article
      Lock icon S’pore gas players eyeing LNG aggregator role
      660 4  -  The firms include Pavilion Energy, Sembcorp and Keppel Corp By ronnie@sph.com.sg RONNIE LIM ronnie@sph.com.sg LEADING local gas players, such as Temasek-owned Pavilion Energy, Sembcorp and Keppel Corporation, are eyeing the coveted role of becoming Singapore’s next LNG aggregator or buyer. This follows Energy
      660 words
    • Article, Illustration
      Lock icon Keppel wins job to build world’s tallest jack-up rig
      539 4  -  By LISA LEE lisalcc@sph.com.sg KEPPEL Corporation, through Keppel FELS, has secured a US$500 million contract to build an ul-tra-high specification jack-up rig that can work in the deepest water depths for the jack-up rig type. The contract was awarded by TS
      539 words
    • Article, Illustration
      Lock icon Wilmar’s sweet buy expands its sugar horizons
      700 4  -  HOCK LOCK SIEW By ANDREA SOH sandrea@sph.com.sg IN A single stroke, Wilmar International has gained access to the two largest sugar-producing countries in the world and doubled its sug-ar-production capacity at a bargain. Already the world’s largest palm oil processor, Wilmar has now
      PHOTO: BLOOMBERG  -  700 words
    • Article
      Lock icon Loyz buying Thai oil concessions for US$65m
      286 5  -  It sees fast returns, positive cashflow from purchase By JACQUELYN CHEOK jaccheok@sph.com.sg UPSTREAM oil and gas group Loyz Energy will be acquiring a 20 per cent stake in three offshore oil-producing concessions in Thailand for US$65 million. This marks Loyz’s first foray into
      286 words
    • Article
      Lock icon FSL Trust gets reprieve on loan covenant terms
      405 5 Bloomberg [SINGAPORE] First Ship Lease Trust, which hires out containerships, tankers and dry bulk carriers, said that lenders agreed to relax some loan covenant terms through year-end, as Standard Poor’s reviews the company’s ratings. The Singapore-listed trust received the reprieve on its
      Bloomberg  -  405 words
    • Article, Illustration
      Lock icon Neo Group breaks own catering record during CNY
      324 5  -  By tsheena@sph.com.sg SHEENA TAN tsheena@sph.com.sg LOCAL caterer Neo Group served up food at 1,118 events on the first day of the Chinese New Year alone, breaking its own Singapore Book of Records entry of 1,005 events clocked just last year. The group
      324 words
    • Article, Illustration
      Lock icon DBS joins top ranks of Asia trade finance: poll
      543 7  -  Regional banks zoom in on offering such financing to China after 2008 global meltdown By SIOW LI SEN lisen@sph.com.sg DBS Bank has muscled into the top ranks of global banks offering trade finance in Asia. Along with US bank JP Morgan,
      543 words
    • Article, Illustration
      Lock icon GLP in supply chain financing partnership
      333 7  -  By RAPHAEL LIM raphlim@sph.com.sg GLOBAL Logistic Properties (GLP) will collaborate with Bank of China to provide GLP’s customers with supply chain financing, the mainboard-listed company said yesterday. Bank of China can track and monitor goods being used as collateral inside GLP’s warehouses, allowing it
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    • Article
      Lock icon Partial offer made for 10.3% of Fu Yu
      414 7  -  By CAI HAOXIANG haoxiang@sph.com.sg A PARTIAL offer for 10.3 per cent of the shares of plastic parts supplier Fu Yu Corporation has been made by the general manager of two of the company’s subsidiaries. Ng Hock Ching, a former executive director of
      414 words
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      84 4 WARNING: YOUR SMILE CAN STUN! Cut through all the marketing hype and get the hard facts on various aesthetic treatments like Botox fillers, dental veneers, whitening, crowns, implants, etc. Aesthetic Dentistry Public Forum DATE: 8 Mar 2014, Sat, 130pm to 3.00pm VENUE: T32 Dental Centre REGISTRATION: $5 (Refreshments provided) Speaker:
      84 words
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      158 4 Asia’s Much Anticipated International Trade Event for the Food and Hospitality Industry is Back /ffri FHA SOI 4 Since 1978 8-11 APRIL 2014 I SINGAPORE EXPO O 95,000sqm of exhibition area across 10 halls O 64,000 trade attendees from more than 100 countries regions O 2,800 exhibitors and over 50
      158 words
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      18 4 www.omy.sg 0 m 0 05c sgeawards.omy.sg ■c j :rr MnQR code VOTE NOW! QdD Voting on all platforms
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Ukraine news, China data hit STI
      552 6  -  But the index recovers from intraday low to close 23 points down at 3,087 STOCKS KENNETH LIM kenlim@sph.com.sg Correspondent BIG trouble in little Crimea and a little trouble in big China sent Singapore stocks tumbling yesterday. The Straits Times Index (STI) opened near its
      Source: Bloomberg  -  552 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Mar 3 VALUE CLOSE BT OB/OS -220.00 -431.00 BT CADI -*****.00 -281.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 710.00 -5.22 FTSE ST Small Cap 526.61 -5.90 FTSE ST All Share 749.97 -5.84 FTSE ST China Top 195.89 -1.87 FTSE ST China 225.13 -0.83 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME Albedo 173,432,000 Golden Agri 143,107,000 Federal Int 100,687,000 HanKore 96,848,000 CCM Grp 79,920,000 AdvanceSCT 76,456,000 Thai Beverage 69,968,000 KLW Hldgs 60,612,000 Memstar 57,945,000 SingHaiyi 53,098,000 VALUE($) JMH 90,818,786 Golden Agri 81,588,491 Star Hub 59,595,690 SingTel 53,934,010 CapitaMall 48,209,100 GLP 44,363,210 UOB 43,621,790 Thai Beverage 39,635,120 Wilmar
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 10 2 0 0 0 2 10 2 Manufacturing 21 85 33 5 15 7 26 100 40 Commerce 8 36 19 1 13 1 9 49 20 Tpt/Stor/Comms 3 27 11
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      900 6  -  Compiled by ANDREA SOH Golden Agri-Resources March 3 close: 58.5 cents OCBC Investment Research, March 3 GOLDEN Agri-Resources (GAR) put in a stronger-than-expected Q4 2013 showing, with revenue rising 25 per cent y-o-y and 21 per cent q-o-q to US$1,901.8 million, such that FY2013 revenue grew 9 per
      Source: Bloomberg  -  900 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,302 22,302 56,225 56,225 Manufacturing 389,400 138,187 527,587 181,301 5,282 186,583 Commerce 256,573 317,346 573,919 151,629 19,436 171,065 Tpt/Stor/Comms 90,358 1,265 91,623 163,360 106 163,465 Finance 38,275 469 38,744 124,144 163 124,306 Construction 76,373 134,162
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      116 6 Stock name Close Change CapMallsAsia 1.770 -0.020 CapitaLand 2.820 -0.030 CapitaMall 1.940 +0.040 CityDev 9.330 -0.060 ComfortDelGro 1.930 DBS Grp 16.39 -0.130 GLP 2.800 -0.030 Genting SP 1.320 -0.025 Golden Agri 0.585 +0.030 HK Land 6.290 +0.020 HPH Trust US$ 0.635 +0.010 JMH 57.71 -0.390 JSH
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    • Article, Illustration
      Lock icon Yen, Swiss franc rise on Ukraine tension
      493 6 CURRENCIES Bloomberg [LONDON] The yen and the Swiss franc yesterday strengthened after Russia took control of Crimea, intensifying concern of a conflict with Ukraine’s new government and boosting demand for haven assets. Japan’s currency climbed at least 0.5 per cent against all of
      Bloomberg; PHOTO: AFP  -  493 words
    • Article
      Lock icon RISES
      115 6 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 288.8 2.0 DBXT USDIGInfl 5US$ ***** 245.7 0.7 GLD 10US$ ***** 224.2 1.4 DBXT EONIA 5US$ ***** 106.4 0.4 DBXT iBoxxSvEu 5US$ ***** 87.4 0.3 DBXT DBCBDJUBS 10US$ 3039 63.3 1.7 DBXT DBLCI-OY 5US$ 3498 59.5 1.4 DBXT AUD Bonds 5AU$
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    • Article
      Lock icon FALLS
      132 6 BY CENTS CLOSE DOWN DBS Bk 4.7% NCPS 100 ***** -191.0 -1.8 IS DJ US Tech 8880 -160.9 -1.4 DBXT FTVietnam 10US$ 2840 -126.7 -3.4 DBXT AUDCS 5SG$ ***** -109.0 -0.5 DBXT MSEurope 10US$ 6048 -108.9 -1.4 Jardine C&C 3829 -95.0 -2.4 Lyxor Indonesia10US$ 8076 -95.0 -0.9 DBXT MSJAP
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      166 7 Kim Fournais, Co-CEO Co-Founder 22:25 London, UK A twenty year journey. A number one platform. In 1992, two Danish entrepreneurs set out to create the world’s leading trading platform. Using state of the art technology, the idea was to establish Saxo Bank, parent company of Saxo Capital Markets, as the
      166 words
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  • SINGAPORE NEWS
    • Article
      Lock icon S’pore 5th costliest among 12 cities to live, work in
      619 8  -  Savills index puts live-work cost per employee here for a year at US$76,000 By LISABELLE TAN lisatan@sph.com.sg SINGAPORE has emerged fifth in a field of 12 world cities in the amount it would cost to set up an employee in
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    • Article, Illustration
      Lock icon M² mall to include hotel, FairPrice supermarket
      358 8  -  Mall to open for business in the second half of 2015 By JAIRA KOH jairakoh@sph.com.sg MACPHERSON Mall (M²) has confirmed that NTUC FairPrice will be its anchor tenant and ibis Styles its hotel operator when it opens for business in the second half
      358 words
    • Article
      Lock icon More hospital and nursing home beds
      304 8  -  Over 11,000 beds to be added by 2020 to meet demand YESTERDAY IN PARLIAMENT By NISHA RAMCHANDANI nishar@sph.com.sg OVER 11,000 hospital and nursing home beds will be added to Singapore’s healthcare system by 2020 as the nation seeks to meet the rising demand for
      304 words
    • Article
      Lock icon S’pore trails in number of women managers
      335 8  -  By SHEENA TAN tsheena@sph.com.sg SINGAPORE is below average in Asia for the number of women in management positions, losing out significantly to China and Hong Kong. A survey by recruitment company Hays, done among 2,600 Asian employers as part of the 2014 Hays
      335 words
    • Article, Illustration
      Lock icon Goh: Factors that could upset Asia’s stability
      422 8  -  Relationship between US, China will affect region By CHUANG PECK MING peckming@sph.com.sg WHILE the United State’s presence in Asia is a necessary condition for peace and stability in the region, US engagement by itself is not enough, said Singapore’s former Prime Minister, Goh
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      109 8 IFBO VIETNAM 2014 International Franchise Business Opportunities 28-30 May 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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      90 8 Real Estate Show Myanmar 2014 Urban Development Conference 2014 25 28 May 2014 Traders Hotel Yangon, Myanmar EVENT HIGHLIGHTS 3 days of cutting-edge content Firsthand insights into Myanmar’s urban development plans Investment and partnership opportunities Co-located with Myanmar Development Conference 2014 and Real Estate Show Myanmar 2014 40+ urban and
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  • SME Inc
    • Article, Illustration
      Lock icon For a good clause
      1084 9  -  When structuring dispute resolution clauses, businesses should consider factors specific to the contract in question, says KELVIN POON The writer is an equity partner at Rajah Tann who regularly acts in major construction, corporate and commercial disputes Dispute resolution clauses are a staple of almost all
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    • Article, Illustration
      Lock icon Learning to thrive on adversity
      1026 10  -  The importance of resilience is often underestimated, both at the organisational and individual level COMMENTARY By DARREN HANSON The writer is an associate professor in the department of management and organisation at NUS Business School. A version of this article will be published on the
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  • Page 9 Advertisements
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      298 9 Business Excellence Awards Winners Sharing Conference PRODUCTIVITY INNOVATION PRACTICES LEARN FROM THE BEST 27 March 2014, 9am to 5.30pm, Marina Bay Sands Convention Centre Be inspired by the best! Six organisations won top honours for their success in the pursuit of business excellence in 2013. Hear from the CEOs of
      298 words
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      73 9 Flexible office space available now a" bocJ9 ets I* 15 locations across Singapore Fully equipped and work ready offices From 1 to 50 people Flexible terms to suit all businesses Reception services Meeting rooms and videoconferencing Virtual office services and drop-in business lounge Singapore Tampines Junction iTsuntecCit, ar Marina Bay
      73 words
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      241 10 L >... ,-*n Your brighter future starts here. Graduate career-ready with a Curtin Uniuersity degree in Singapore. When you combine theory with practical study, you get students that are more switched on. That's why Curtin graduates are ready to make a difference from day one. To help make tomorrow a
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      80 10 The SME Magazine coming to you with your copy of The Business Times tomorrow! IN THIS ISSUE UNDER ONE ROOF: A second generation leader takes the family business to the next level POINT OF NO RETURNS: SMEs give back to society BITING BACK AT RISING COSTS: Three F&B companies take
      80 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Look to oil palm planters, timber, glove firms: RHB
      494 11  -  Amid soft Asean currencies, their USD-denominated revenues are a plus By PAULINE NG in Kuala Lumpur AS the pullback of the US quantitative easing programme is expected to keep Asean currencies soft, investors looking to ride the currency weakness should consider
      PHOTO: REUTERS  -  494 words
    • Article, Illustration
      Lock icon Jakarta’s trade surplus turns into deficit
      552 11 February inflation eases on declining food prices to 7.75% vs 8.22% in January Reuters [JAKARTA] Indonesia’s trade balance reversed into deficit in January as a ban on mineral shipments hit the country’s exports, just as its worryingly large current-account deficit is narrowing. The ability
      Reuters  -  552 words
    • Article
      Lock icon Court case to show if Jakarta pays for local govt’s decision
      652 11  -  By in JEFFREY HUTTON in Jakarta AS Churchill Mining’s case, which seeks US$1 billion in damages from the Indonesian government in a coal mining dispute, proceeds to an international tribunal, attention now shifts to whether the central government is
      652 words
    • Article
      Lock icon Hong Leong group on M&A lookout
      500 11 [PETALING JAYA] Hong Leong Financial Group (HLFG) is on the lookout for merger and acquisition (M&A) opportunities in the region to give it a “significant” presence. “We are scouting for opportunities in emerging high-growth markets like Indonesia and Thailand. We have the financial strength
      500 words
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      131 11 ■*v r e > Six Battery Rd Suntec Tower 3 pinancia? Centre PSA Building WORLD’S FINEST SERVICED OFFICES SERVICED OFFICES For the 1-10 man business VIRTUAL OFFICE Everything but the Office Fully furnished prestigious offices Business registration offices available Dedicated receptionist answering your calls the way you would like Meeting
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China’s growth target dilemma looms as NPC readies to meet
      730 12 Beijing seen setting 7.5% growth goal and 3.5% inflation target for this year Bloomberg [BEIJING] China’s Communist Party leadership faces a dilemma over where to set a growth goal for 2014 as President Xi Jinping wrestles with sustaining expansion while
      Bloomberg  -  730 words
    • Article
      Lock icon Internet firms draw savers in China
      718 12 They offer much higher interest rates than banks NYT [SHANGHAI] In June, an affiliate of the Chinese e-com-merce giant Alibaba made an offer to its hundreds of millions of users: Give us your cash and we will pay more than Chinese banks. Savers swamped
      NYT  -  718 words
    • Article, Illustration
      Lock icon India’s factory activity shows strong growth
      486 12 Reuters [BANGALORE] Indian manufacturing activity and new orders showed their strongest growth in a year in February, according to a survey released yesterday that suggested that the worst is over for Indian factories struggling through a protracted economic slowdown. The survey’s results should provide
      Reuters; PHOTO: REUTERS  -  486 words
    • Article, Illustration
      Lock icon Birmingham soccer team owner convicted of money laundering
      464 12 Bloomberg [HONG KONG] Carson Yeung, owner of British football club Birmingham City, was convicted of five charges of laundering HK$721.3 million (S$117.9 million) by a Hong Kong judge. Yeung, who resigned as chairman and director of Hong Kong-listed Birmingham International Holdings Ltd
      Bloomberg; PHOTO: BLOOMBERG  -  464 words
  • Page 12 Advertisements
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      49 12 ACADEMY 2014 Participate in the NO. 1 CHILDREN'S EDUCATION SHOW! Suntec Singapore 6-8 June 2014 111 am 9pm BOOK NOW! Limited Booths available! I: For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg www.thekidzacademy.com.sg Organised by: sphere A SUBSIDIARY OF SfJl
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      59 12 Looking to showcase and sell your Food Products, Cooking Solutions, Kitchen Appliances Accessories? NOW! *****620 or Email: sales@exhibitsinc.com.sg Organised By: Our Food Shows: (Organiser of IT Show, Food Beverage Fair, COMEX, World Food Fair, Consumer Electronics Exhibition and Food Kitchen Show) BLOCK 8, LORONG BAKAR BATU #07-07, S (*****3) TEL:
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      3793 13 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices VOLUNTARY CONDITIONAL CASH PARTIAL OFFER by NG HOCK CHING To acquire approximately ten point three per cent, (10,3%) of the issued ordinary shares in the capital of FU YU CORPORATION LIMITED (Company Registration No, *****4601C) (Incorporated in the Republic of Singapore) other
      3,793 words
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      199 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DELICREAM PTE LTD COMPANY REG. NO. *****9127K (IN LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap. 50, that a FINAL MEETING of the Members and
      199 words
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      142 13 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF GBLT SHIPMANAGEMENT PTE. LTD. (In Creditors’ Voluntary Liquidation) Reg. No. *****1867K NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Company
      142 words
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      177 13 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up OS No. 92 /2011 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ADVANCED MEDIA TECHNOLOGIES PTE LTD (Registration No. *****6151M) BETWEEN MICRON STORAGE LABORATORY PTE LTD (Registration No. *****2934N) ...Plaintiff AND ADVANCED
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      362 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF THETIS NAVIGATION PTE. LTD. (INCORPORATED IN SINGAPORE) COMPANY REGISTRATION NUMBER: *****8370D Notice of Resolution for Member’s Voluntary Winding Up (Pursuant to Section 290) At the Extraordinary General Meeting of the member of Thetis Navigation Pte. Ltd.
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      290 13 NOTICE OF MEMBERS’AND CREDITORS’ MEETING HOCK CHUAN ANN CONSTRUCTION PTE LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) (“COMPANY”) INCORPORATED IN SINGAPORE REGISTRATION NO. *****0728M Notice is hereby given pursuant to section 307(1) of the Companies Act (Cap.50) ("Companies Act”) that a meeting of members and creditors of the Company in the above
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  • WORLD
    • Article, Illustration
      Lock icon Bond markets returning to pre-taper level
      987 14 Market has bought into the idea that Fed tapering is not tightening Bloomberg [NEW YORK] When it comes to monetary policy, Federal Reserve chair Janet Yellen is doing all she can to ensure there’s little difference between herself and Ben Bernanke. The bond market
      Bloomberg; PHOTO: BLOOMBERG  -  987 words
    • Article
      Lock icon Aussie job ads in February up 5.1% – the most in 4 years
      545 14 Aussie job ads in February up 5.1% the most in 4 years Hike in contrast to announcement of planned job losses Reu ters [SYDNEY] Australian job advertisements in newspapers and on the Internet jumped by the most in over four years in February, a rare piece of good news on
      Reuters  -  545 words
    • Article
      Lock icon Fed set to show how higher rates could impact banks
      776 14 It’s to reveal more about its oversight of financial system Bloomberg [WASHINGTON] The Federal Reserve this month will take a step towards revealing more about its oversight of the financial system, an area where the US central bank has yet
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    • Article, Illustration
      Lock icon Extreme floods may be more common by 2050: research
      582 14 Reuters [LONDON] Extreme floods such as those swamping parts of Britain in recent months could become more frequent in Europe by 2050, more than quadrupling financial losses, if climate change worsens and more people live in vulnerabl e areas showed. r
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      Lock icon Ukraine’s new govt turns to tycoons for political help
      1022 15 It sends oligarchs as governors in the east where they have influence on workers NYT [KIEV] As tensions rose on the streets of the Russianspeaking eastern portion of Ukraine, the response of the new government in the capital was not to
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      Lock icon BOK veteran returns as Korean central bank’s next governor
      521 15 Bloomberg [SEOUL] South Korean President Park Geun-hye nominated Lee Ju-yeol as the next Bank of Korea (BOK) governor, drawing on a central bank veteran to help steer Asia’s fourthbiggest economy. Mr Lee, 61, a former deputy governor with more than 30
      Bloomberg; PHOTO: BLOOMBERG  -  521 words
    • Article
      Lock icon Japanese firms’ capex up for 2nd quarter
      451 15 Modest rise point to wariness as outlook remains unclear Reuters [TOKYO] Japanese companies raised spending on plant and equipment in Oc-tober-December for a second straight quarter, but rather modestly, suggesting firms were wary of boosting investment in the face of an uncertain economic
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    • Article
      Lock icon Yen’s fading buying power threatens Abenomics success
      865 15 ANA, Apple raising prices on yen weakness, higher production costs Bloomberg [TOKYO] The rising cost of overseas travel to imported goods such as Apple computers is spurring concern in Japan’s bond market that Prime Minister Shinzo Abe’s success in fuelling inflation will be
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    • Article
      Lock icon Manufacturing in Feb grows faster than forecast
      505 16 A gain in orders shows firms are gaining confidence demand will pick up LATEST US DATA Bloomberg [WASHINGTON] Manufacturing expanded at a faster pace than projected in February, a sign the industry was beginning to overcome bad weather across much of the US.
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    • Article
      Lock icon Eurozone factory recovery falters
      355 16 Reuters [LONDON] Growth in eurozone factory activity eased last month from January’s 2½-year high, but for the first time in almost three years output rose in all of the bloc’s four biggest economies, a survey showed yesterday. The broad-based expansion was again led by Germany, Europe’s
      Reuters  -  355 words
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      Lock icon 12 Years a Slave makes history with best picture Oscar
      786 16 It also won best supporting actress, adapted screenplay Reuters [LOS ANGELES] The slavery drama 12 Years a Slave won the Academy Award for best picture on Sunday, making history as the first movie from a black director to win the
      Reuters; BT Graphics; Photos: AFP, Reuters  -  786 words
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      Lock icon Bill Gates back on top of world’s wealthiest list
      426 16 [NEW YORK] Microsoft founder Bill Gates has reclaimed the title of the world’s richest person from Mexican telecom mogul Carlos Slim Helu, who had ranked No 1 for the past four years. According to Forbes magazine’s 28th annual ranking of the
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    • Article
      Lock icon Thai stocks surge as protesters remove blockades
      354 16 Move seen helping to ease political risk, boost tourism stocks Bloomberg [BANGKOK] Thai stocks advanced, sending the benchmark index to a twomonth high, after antigovernment protesters removed blockades at four main intersections in central Bangkok. The SET Index surged 1.1 per cent to
      Bloomberg  -  354 words
    • Article
      Lock icon Britain ending plans to tax bitcoin trading
      232 16 Reuters [LONDON] Britain’s revenue collector is preparing to abort its plans to tax bitcoin trading only days after the currency’s leading exchange, Mt Gox, collapsed after losing almost US$500 million of customer depo- sits to hackers, the Financial Times said. HM Revenue Customs
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      60 14 HOT PROPERTY ?S .as OXLEY BIZHUb 947^^f readToffte D 6 F 3 L 0 0 0 0 »a°00s f Nadine, ba,cb 3 f a 'r s™ A S$us F JIf '8.500 High e Am 4 p°ccTv eaSy FACTORY SPACE FOR RENT Check this and many other properties in CATS Classified
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Etihad profit jumps 48% in ‘13 to US$62m
      669 17 It sees more growth this year amid plans to develop alliance network Reuters [ABU DHABI] Etihad Airways posted a 48 per cent leap in 2013 profit yesterday and predicted more growth this year as the fast-expanding Abu Dhabi airline aims to develop
      Reuters; PHOTO: REUTERS  -  669 words
    • Article
      Lock icon Improved Wi-Fi speeds taking off on planes soon
      570 17 AFP [SINGAPORE] Wi-Fi in aircraft, hobbled in the past by slow speeds, could soon take off as new technology enables passengers to surf the Web as if they were in a coffee shop, Internet executives say. More airlines are rolling out new
      AFP  -  570 words
    • Article
      Lock icon Emerging market slump a chance to invest: Maersk
      425 17 Bloom berg [COPENHAGEN] AP Moel-ler-Maersk A/S, Denmark’s biggest company, is using a slump in emerging markets (EM) as an opportunity to invest, chief executive officer Nils Smedegaard Andersen said. “When we invest in ports and other infrastructure projects, we’re often competing with
      Bloomberg  -  425 words
    • Article, Illustration
      Lock icon Leck Chet Lam is new Experia Events chief
      309 17  -  Ex-SIA Engineering senior VP takes over from Jimmy Lau By NISHA RAMCHANDANI nishar@sph.com.sg EXPERIA Events, which organises the Singapore Airshow, has named aviation industry veteran Leck Chet Lam as its new managing director. Mr Leck, is the former senior vice-president (fleet management
      309 words
    • Article
      Lock icon Qantas engineers to consider options other than strikes
      589 17 Bloomberg [SYDNEY] Engineers at Qantas Airways will first consider options other than strikes in response to wage freezes the airline announced last week, their union said. “Strike action was never on our radar after the announcement,” Steve Purvinas, federal secretary of the
      Bloomberg  -  589 words
    • Article
      Lock icon TRANSPORT STOCKS
      243 17 SGX '000 Mar 03 S$ +/-Vol Ch Offshore 0.41 unch 93 Chuan Hup Hldg 0.26 unch 110 '000 Cwt Limited...............1.31 -0.02 363 S$ First Ship Lea unch unch 0 Grand Banks unch unch 0 Jaya Hold Ltd 0.41 K1Ventures................0.20 -0.01 4918 Keppel Corp 10.41 -0.06 2496 Mercator Lines
      243 words
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      26 17 LISTEN OUT FOR FINANCIAL RESULTS ANNOUNCEMENT Find out more about a company’s financial performance through CATS Notices in The Straits Times. WATS NOTICES >3* cla/dec 05/clj
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  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      315 17 CRYPTIC CROSSWORD Across 1 Copper’s arresting deed, beginning to search plant (6) 5 Run through train (8) 9 Greet 28 shipworkers (5,5) 10 Whitish heraldic stripe (4) 11 Snake in Canada coiled round leg (8) 12 Italian river engulfing remainder at once (6) 13 Some jet-ski everywhere in this place
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  • EDITORIAL & OPINION
    • Article
      Lock icon Qantas must re-examine its business model
      490 18 EDITORIAL SLASHING 5,000 jobs, reducing fleet size, freezing plane orders, pulling out of some routes, unloading assets and downsizing other operations, including terminating its Brisbane Airport lease. These are some of the drastic steps Australian carrier Qantas is taking after posting a pre-tax loss
      490 words
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      Lock icon Force big banks to become much simpler legal entities
      782 18  -  THE BOTTOM LINE SIMON JOHNSON The writer is a member of the FDIC’s systemic resolution advisory committee, an unpaid position. The views expressed are his own. Project Syndicate IT is unusual for a senior government official to produce a short, clear
      Project Syndicate  -  782 words
    • Article, Illustration
      Lock icon Managing change and the contradictions it brings
      1437 18  -  Are you and your business ready to take advantage of these 10 trends? By and THOMAS W MALNIGHT, TRACEY S KEYS The writers are professor of strategy and general management at IMD and director of Strategy Dynamics Global SA, respectively. Each year they
      PHOTO: REUTERS  -  1,437 words
    • Article, Illustration
      Lock icon Hollywood’s great gender divide
      992 19  -  The wage gap in Tinseltown highlights the biases that women and men face in the workplace By IRENE DE PATER The writer is an assistant professor in the Department of Management Organisation at NUS Business School. This article was first published on the school’s Think Business
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    • Article, Illustration
      Lock icon Scotland’s secession could be derailed by debt markets
      937 19  -  REUTERS BREAKINGVIEWS By GEORGE HAY SCOTTISH dreams of secession are likely to get boxed in by the hard realities of the debt markets. An independent Scotland would find it hard to adopt either the pound sterling or the euro, after dual snubs
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    • Article, Illustration
      Lock icon Revisiting the 2008 Federal Reserve crisis
      833 19  -  J BRADFORD DELONG The writer, a former deputy assistant secretary of the US Treasury, is professor of economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research Project Syndicate READING through the just-released transcripts of
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  • Article
    Lock icon SHIPPING TIMES
    1223 20 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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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3215 21 Transaction date: Mar 3 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last AAT 14 10.5 8Telecom Last Quote Div Gr Yld Net 11.5 7 AEM High Low 25.5 22 AIMSAMPI Reit
      3,215 words
    • Article
      Lock icon SGX CATALIST
      306 22 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
      306 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11554 22 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' 1.8589/ 2 6803/ EM Local Ccy Bond 0 8857/ European Opportunities!" 1.3398/ Global
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    • Article
      Lock icon GLOBALQUOTE
      245 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US38.5 -1 ***** 39.5 38.5 38.5 39 2535 Sale 318 191 TanChongInt HK302 296 301 4.3 2.3 10.1 6082 DISCLAIMER: All
      245 words
    • Article
      Lock icon SGX ETF
      1130 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113 -0.5 113 113 112 114 515.8 143 119 CIMB APAC Div 100S$D 124.4 -0.3 124.4 124.4 123.8 125 114.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      679 23 Mar 3 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.93 *****.70 *****.10 Mar14 *****.00 *****.00 *****.00 *****.00 *****9 *****6 Jun14 *****.00 *****.00 *****.00 *****.00 466 8697 MSCI TAIWAN INDEX FUTURES SPOT 302.52 302.52 298.84 Mar14 299.50 301.20 297.80 300.20 5020 *****6 Apr14 299.80
      679 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 23 In local curr In S$ In US$ dy yr dy yr dy yr Feb 28 Index Change Change Change Change Change Change World Preliminary 1194.0 0.4 0.8 0.8 1.4 0.6 1.1 EAFE Preliminary 956.0 0.1 0.0 0.8 1.4 0.6 1.1 Europe Preliminary 1385.0 0.3 2.2
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 23 Mar 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.987 5.491 0.649 6.932 55.291 103.444 0.905 9.560 2.930 1.068 93.734 39.948 1.132 9.647 0.787 27.096 29.072 0.534 0.893 Canada 1.013 5.563
      471 words
    • Article
      Lock icon SIBOR
      34 23 Mar 3 (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
      86 23 Mar 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.29 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-16 101.58 5-Year NX*****W 2.5 01-Jun-19 105.41 105.50 105.43 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      136 23 GOLD(US$/oz) Mar 03 Mar 28 Hong Kong 1350.00 1328.00 Feb 28 Feb 27 London 1325.40 1333.50 1326.00 1334.35 Source: Thomson Reuters CAST BAR Mar 03 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 122 54 5gm 345 270 10gm 616 540 20gm 1161
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    • Article
      Lock icon PALM OIL
      59 23 Mar 3 Mar 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2800.0 2821.0 2800.0 2800.0 351 1276 Apr 14 2835.0 2812.0 2861.0 2808.0 1550 ***** May 14 2828.0 2806.0 2860.0 2803.0 ***** ***** Jun 14
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 23 Mar 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1313 1.1327 0.8931 0.8935 Canadian dollar 1.1460 1.1474 0.9051 0.9047 Euro 1.7440 1.7456 1.3768 1.3770 NZ dollar 1.0596 1.0612 0.8365 0.8371 Sterling pound 2.1173 2.1195 1.6715 1.6719
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 23 As at 9am Mar 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.155 1.100 Can dollar 1.167 1.123 Euro 1.789 1.704 Sterling pound 2.163 2.080 NZ dollar 1.084 1.043 US dollar 1.295 1.234 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 23 Mar 3 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.15 US$ 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
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1191 23 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 40 0.0 5 -88 52 Asia-Pacific Strategic W*****6 0.5 0.3 50 1 123 209 80.00 2 Ratio Exer Ascendas Reit MB ECW*****3 2.9 0.2 240 0 Ascendas Reit
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    • Article
      Lock icon CHICAGO BOT
      109 23 Feb 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1414.25 1393.50 1415.00 1384.00 May 14 1414.00 1390.00 1415.00 1377.25 Jul 14 1385.25 1366.75 1386.75 1352.75 Aug 14 1331.00 1313.00 1332.00 1301.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
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    • Article
      Lock icon LIFFE
      94 23 Feb 28 COCOA (£/tonne) Close Prev High Low Mar 14 1838 1825 1858 1819 May 14 1844 1837 1857 1831 Jul 14 1842 1835 1856 1831 Sep 14 1838 1831 1850 1825 COFFEE(US$/tonne) Close Prev High Low Mar 14 2118 2099 2143 2089 May 14 2043 2034 2073 2019
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 23 CRUDE OIL PRODUCTS Feb 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.08 0.25 WTI (Near Mth) 102.47 0.16 Dubai (1-Mth F) 105.02 -0.19 Tapis blend 113.43 -0.24 Minas 107.53 -0.24 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.56 0.03 Jet Kerosene 121.56 -1.07 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Mar 3 S$ Bid Offer 1-month 1.2667 1.2677 2-months 1.2667 1.2677 3-months 1.2666 1.2676 6-months 1.2664 1.2674 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 23 Feb-28 Feb-28 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1711.15 1724.75 3 months 1754.00 1768.00 Copper, Grade A(US$/tonne) Cash 7080.00 7086.00 3 months 7010.00 7025.00 Lead(US$/tonne) Cash 2115.25 2118.25 3 months 2135.00 2138.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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  • PROPERTY
    • Article
      Lock icon China property trusts face rising default risks
      938 24 The trust funds must repay 634b yuan of debt this year, up 50% from last year Bloomberg [SHANGHAI] China’s property trusts, grappling with repayments equivalent to the size of Puerto Rico’s economy, face rising default risks as a former central bank adviser dubs
      Bloomberg  -  938 words
    • Article
      Lock icon Chinese are top property buyers in Australia
      378 24 Investments rise 42% as they face tighter buying rules at home Bloomberg [SYDNEY] Chinese buyers have overtaken Americans to become the biggest investors in Australian property, drawn by the nation’s strengthening housing market, as their government tightens rules on buying at home. Chinese
      Bloomberg  -  378 words
    • Article
      Lock icon Soros, Paulson buy stake in Spanish Reit
      253 24 Reuters [MADRID] Hedge fund managers George Soros and John Paulson have both taken a 92 million euro (S$160.6 million) stake in a new Spanish property investment vehicle called Hispania, the Financial Times reported citing sources close to the deal. Hispania, created by Spanish-based
      Reuters  -  253 words
    • Article, Illustration
      Lock icon UK home price rise quickens at fastest pace in seven years
      487 27 London leads recovery spreading across the country Bloomberg [LONDON] UK house-price growth accelerated in February to the fastest in seven years as London led a recovery that’s spreading across the country. Prices in England and Wales rose 0.7 per
      Bloomberg; PHOTO: BLOOMBERG  -  487 words
    • Article
      Lock icon US rental homes: Daiwa House to invest 150b yen
      381 27 Firm will develop leasing properties in Texas as Japan’s population shrinks Bloom berg [TOKYO] Daiwa House Industry Co, Japan’s biggest homebuilder by market value, plans to invest 150 billion yen (S$ 1.9 billion) in US rental housing, three times more than
      Bloomberg  -  381 words
    • Article
      Lock icon 3 industrial sites – 1 in Food Zone – for sale
      399 27  - 3 industrial sites 1 in Food Zone for sale By GOH KANG SHIONG gohkangs@sph.com.sg [SINGAPORE] Three industrial developments were put up for sale yesterday, including one in the JTC Food Zone which houses a corporate office, a research laboratory, a factory floor and cold rooms. The four-storey property in Pandan
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  • Page 24 Advertisements
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      675 24 A special feature brought to you by Social Marketing If you don’t have to pay for this, then why aren’t you doing it? By Pamela Wigglesworth When I attend or speak at seminars or talks on marketing, I would usually ask the marketing executives, SME professionals or entrepreneurs in attendance
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      460 25 •lilllt V a sense of place 11 i i VP f .11 lllill".. 1 'V 1*4: -:A Jo f.'t as fesar »B8 iiaMli r# Sf'^s *rS- V C 'Hr* i ir v Oi EXCLUSIVE PREMIER LAUNCH Saturday 8th Sunday 9th March, Tlam-7pm Berkeley Residential (Singapore) Pte Ltd 10 Marina Boulevard
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      Lock icon Page 26 Advertisements Column 1
      192 26 STPR^PERTY EXPO MARCH 2014 3.500 ticipants attended our biggest sold-out seminar and exhibition. V <iir rr 7: ?"CE3r.t for making the STProper+y Expo a success! Si i I. Sj-55g hh i nn i: m r--M III! r:E5=5 I .1 -3 I in n ii a. i; B Ml in? i
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      261 27 OPPORTUNITY FOR JOINT VENTURE (Other Proposals Welcome) PRIME CBD COMMERCIAL BUILDING REDEVELOPMENT SITE Expression Of Interest (EOI): Closing 18th March 2014, 4pm (Tuesday) r Is a ifSSSai SCL In |L ai.'Vv Si m ill Sirs stir asui 333 North Bridge Roa Rare 9-storey commercial building with basement car-park along North
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      Lock icon Page 27 Advertisements Column 2
      270 27 Ideal Business Space for End Users savills PAN-ISLAND EXPRESSWAY (PIE) GEYLANG EAST Freehold Business Space Mins to MRT Station Strata Area 12,852 sq ft 7th and 8th Floors at LHK Building Business 1 use 15 minutes walk to Aljunied MRT station Centrally located and accessible via PIE and Nicoll Highway
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      Lock icon Page 27 Advertisements Column 3
      128 27 RARE Opportunity Tropical Resort Villas For Sale w Sea fronting with exclusive beach and fishing jetty Own an exclusive tropical villa at exceptional value World championship golf courses Popular island getaway in Bintan and Batam Ideal as a corporate staff and client recreational villa Ideal as a private family villa
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      509 28 RUPERT STREET SOHO LONDON W1 LONDON LIVE LIVE SfflH A stylish selection of studio, one two bedroom apartments RIGHT IN THE OF LONDON Prices from £52^100 w.' r > Pi p Buckingham Palace y-'fw- v iarc W®®$t» V V ivm r a—• HEART Pall Mall Park St James's ■'•■yv V
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      38 1 A R T L U MARCH 2014 LIEW MUN LEONG SPOTLIGHT A pragmatic approach to wealth and investing Servicing Asia’s ultra wealthy Philanthropy: Anne Eu and caring for mankind Real estate: UHNW investors are looking beyond home bases
      38 words
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      83 2 CONTENTS FRANK KNIGHT PHOTO: 8 ULTRA-HIGH NET WORTH MARKET Courting the ultra wealthy Banks are rolling out the red carpet for a share of clients’ wallets, but wealth managers also have their share of challenges in this lucrative market 14 SPOTLIGHT Wealthy and pragmatic For someone deemed ultra rich, Liew
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      Lock icon Page 3 Advertisements Column 1
      108 3 Credit Suisse ASIAN PRIVATE BANKER AWARDS FOR DISTINCTION 2013 Best Private Bank Asia Best Private Bank Philippines Indonesia Best Private Bank Family Office Services Best Private Bank Training Development i 1 > m I 4 vj “I’ve celebrated many successes. The one I’m most proud of will be four tomorrow.”
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      206 4 24 29 30 20 ROUNDTABLE At your service Asia, now the fastest growing wealth region in the world, is seeing an increasing number of ultra-high net worth individuals with unique needs. As their prominence grows, our panellists share their insights on what wealth managers have to consider when catering to
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      143 5 Tracking markets. Capturing opportunities. Do you have time to do both? At UBS, we work hard to help make our clients even more successful. By harnessing the power of over 900 economists, analysts and strategists including specialists in every major market in Asia Pacific who monitor the markets 24 hours
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  • ULTRA Wealth
    • Article, Illustration
      Lock icon Editor’s note
      778 6  -  By Genevieve Cua HERE are high net worth individuals (HNWIs) and there are ULTRA HNWIs. The difference, as defined by wealth managers, lies in the sheer size of wealth. Private banks typically roll out their services for those with net investible wealth of at least US$1 million. For
      PHOTO: STOCK.XCHNG  -  778 words
    • ULTRA-HIGH NET WORTH MARKET
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        Lock icon COURTING THE ULTRA WEALTHY
        2476 8  -  BANKS ARE ROLLING OUT THE RED CARPET FOR A SHARE OF CLIENTS’ WALLETS, BUT WEALTH MANAGERS ALSO HAVE THEIR SHARE OF CHALLENGES IN THIS LUCRATIVE MARKET By Genevieve Cua KEEN on a trophy commercial property in London? Or, are you perhaps looking to tap millions of
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        601 12  -  By Genevieve Cua ORE wealthy Asian families are exploring the feasibility of setting up family offices, say banks. Those who are mulling over the move appear to have no shortage of advice from large private banks, some of which have set up specialised units to help
        PHOTOS ILLUSTRATION  -  601 words
    • SPOTLIGHT LIEW MUN LEONG
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        1370 15  -  FOR SOMEONE DEEMED ULTRA RICH, LIEW MUN LEONG TAKES A DOWN-TO-EARTH APPROACH TO INVESTING By LILIAN ANG BY any private banker’s reckoning, he is ultra wealthy. But Liew Mun Leong has this to say of his wealth: “I never think of wealth as anything that is important
        PHOTOS: ARTHUR LEE  -  1,370 words
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        660 16 FAR from taking things at a more relaxed pace, former CapitaLand chief executive Liew Mun Leong keeps a busy schedule holding down multiple portfolios in areas as diverse as airport development and liquefied natural gas trading. But his personal mission in the immediate 10 to 15
        660 words
    • NEXTGEN PROGRAMMES
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        1199 18  -  NEXTGEN PROGRAMMES NOT ONLY ENHANCE FINANCIAL LITERACY, BUT ALSO COVER TOPICS ON ENTREPRENEURSHIP, WEALTH STRUCTURING AND PHILANTHROPY By Genevieve Cua HOW does one raise children to be good stewards of wealth? This question raises particular challenges for the ultra wealthy. If your child is born with
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    • ROUNDTABLE
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        3174 20 ASIA, NOW THE FASTEST GROWING WEALTH REGION IN THE WORLD, IS SEEING AN INCREASING NUMBER OF ULTRA-HIGH NET WORTH INDIVIDUALS WITH UNIQUE NEEDS. AS THEIR PROMINENCE GROWS, OUR PANELLISTS SHARE THEIR INSIGHTS ON WHAT WEALTH MANAGERS HAVE TO CONSIDER WHEN CATERING TO THIS NASCENT, BUT COVETED MARKET
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        345 21 Genevieve Cua, BT Wealth Editor poses questions to four wealth experts for their views on serving the ultra-wealthy segment of clients. Francesco de Ferrari is Managing Director and Head of Private Banking Asia-Pacific at Credit Suisse. He took on his current role in January 2012; he
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    • PHILANTHROPY
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        1958 24  -  FOR EU YAN SANG AND THE EU FAMILY, THE PHILOSOPHY OF OARING FOR MANKIND’ IS THE ETHOS UNDERLYING THEIR PHILANTHROPIC EFFORTS By Genevieve Cua ANNE Eu recalls her childhood as one where the family was “lucky to have a roof over our heads”. Yet
        PHOTOS: EU YAN SANG  -  1,958 words
    • REAL ESTATE
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        1573 26  -  ULTRA-HIGH NET WORTH INVESTORS ARE VENTURING BEYOND THEIR HOME BASES IN SEARCH OF REAL ESTATE OPPORTUNITIES GLOBALLY Alice Tan Associate Director and Head of Consultancy Research Knight Frank V LIRA-WEALTHY investors are looking beyond Asia for promising real estate opportunities. Real estate has a long-standing status over centuries
        PHOTOS: KNIGHT FRANK  -  1,573 words
    • VIEWPOINT
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        Lock icon A wealth of harmony
        1123 28  -  BE IT IN-HOUSE OR OUTSOURCED, THE IDEAL ADVISER SHOULD CREATE AN INVESTMENT STRUCTURE THAT REDUCES THE CLIENTS EMOTIONAL BURDEN THAT COMES WITH WEALTH, WHILE KEEPING THE ENTIRE FAMILY IN HARMONY Leonardo Drago Co-founder AL Wealth Partners HOW do I know if my Chief Investment Officer (CIO)
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    • ULTRA WEALTH
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        1062 29  -  WHY THE ULTRA WEALTHYARE GOING GAGA OVER ANTIQUES Tara Loader Wilkinson Editor-in-Chief Wealth-X A 17th century gold Neuber snuff box. A bronze model of an ecorche horse. The Maharaja of Patiala’s banqueting service from 1922. These items may be meaningless to most, but to a growing
        PHOTO: CHRISTIE’S EXCEPTIONAL SALE; PHOTO: MIKAEL KRAEMER  -  1,062 words
    • LEISURE
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        766 30  -  AMANRESORTS’AWARD-WINNING PROPERTY IN GREECE OFFERS ATASTE OF LUXURYON THE PELOPONNESE By Francis Kan THE luxury resort Amanzo’e sits atop a dramatic cliff overlooking the turquoise waters of the Aegean Sea, issuing a challenge to the picture perfect Grecian isles that populate its waters. Islands such as Santorini
        PHOTOS: AMANRESORTS  -  766 words
    • LUXE CREDIT CARDS
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        Lock icon CARDMEMBERSHIP HAS ITS PRIVILEGES
        1406 32  -  ULTRA-HIGH NET WORTH INDIVIDUALS WILL INCREASINGLY REQUIRE THEIR CARDS TO BE MORE THAN JUST A MEANS TO PURCHASE GOODS AND SERVICES By Rahita Elias LUXURY credit and charge cards open a universe of mind-boggling perks and services that could literally take you out of this world.
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        325 34 HAVE CARD W ILL TRAVEL LUXURY cards come with a host of frequent flyer and travel perks, which vary significantly from bank to bank. The Citibank Ultima card awards 1.6 air miles for every $1 spent in Singapore and two miles for every dollar spent overseas. Cardholders who use the
        PHOTO: STOCK.XCHNG  -  325 words
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      184 7 I For many people, it’s important that their gains should eventually become their family’s inheritance, and at Barclays we aim to help you achieve this. We offer investment management and wealth planning services to help create a better future for you and your family. With our high levels of personal
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      523 9 Because you don't just build wealth, you build memories. Wealth management solutions. By HSBC. We believe in building a relationship with you that enriches every other relationship in your life. Which is why HSBC provides financial opportunities that help you manage and potentially grow your wealth. So you can lead
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      179 11 ASiAMONEY POLLS 2013 Some results are harder to keep private IMost Financially Stable and Reputable Private Bank in Asia Best Global Private Bank in Asia* Best Global Private Bank in Hong Kong** Best Global Private Bank in Singapore* ABN AMRO Private Banking is inspired and grateful to be voted by
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      43 12 Some 1 trillion will be passed to the next generation over the next 20 years globally. The Business Times Coutts present: Making Succession a Success exclusive insights from Singapore business leaders about succession planning. By invitation only: Lunch forum on 23 April 2014
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      93 13 BENTLEY ttyrnio PJEi yyy 001 n U1 PASSENGER LOADING j J LJ i J YEARS YEARS WARRANTY |l MAINTENANCE A differenc kind oF vision statement. The Mulsanne. Bentley Mulsanne Fuel consumption (combined): 16.91/100km; C0 2 emissions: 393g/km Call 6378 2628 co make your personal appointment or visit the home of
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      283 17 Jenny Chew Financing Solutions South Asia Garth Bregman Discretionary Portfolio Management Asia KftM \vLooking for a wide range of wealth management solutions? Look no further Andy Chai Wealth Management Hong Kong r HI Award-winning commitment to our clients.^ BNP Paribas Wealth Management Best Private Bank Discretionary Portfolio Services Asian Private
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      56 19 frrrr My name: JOHN] My business; MAMUPACTURIMA, My dream; TO COMT/bJUg' mY pamilY trap/tiom My private bank: JULIU5 B£cal>5£ -thzy u Ave W WA Y N Wealth PoR 4&N&KATI0M5 *4 i z>iam K8B Julius Baer is present in over 40 locations worldwide. From Flong Kong, Shanghai, Singapore, Dubai, Moscow, Frankfurt,
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      372 33 K I CX m f Mr N M 4^ =»x •.—t err: -r > iH*** a-iit.♦ ai 1 DK m's t_.--~miJ m m V u. 71 i_Z 4 r. |8fca iCT^r a*-** N« -iSc^vSeamless travel with the HSBC Visa Infinite card means you'll get home to your loved ones faster.
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      125 35 BANKOFSINGAPORE Asia's global private bank Like you, we believe success doesn't arrive by taking a back seat. Il i M r —"W v» Jfi u LitW* -V‘■1* s.T^ Bank of Singapore Private Banker Keeping abreast of market developments, 8:09am Business Owner Keeping up with expansion plans, 8:09am When it comes
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      30 36 AN EYE FOR THE ExcEptioNAl. With specialists in all areas of wealth management, we’re perfectly placed to help you invest in your passions. coutts.com INVESTMENT MANAGEMENT WEALTH MANAGEMENT PRIVATE BANKING
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