The Business Times, 21 April 2014
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2014-04-21
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The Business Times
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Title Section25 2014-04-21 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, April 21, 201425 words
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624 2014-04-21 1 ANTHONY ROWLEY - Asean more favoured, with FDI almost doubling last year from 2012 BY ANTHONY ROWLEY in Tokyo JAPAN’S business investment in China has plunged dramatically in the wake of fights between the two countries over territorial and other issues while Asean has emerged as624 words
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MARKETS DIGEST
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Article57 2014-04-21 1 Weekly Change ST INDEX 3,253.80 +55.58 KL COMP 1,852.69 +0.03 NIKKEI 225 14,516.27 +556.22 HANG SENG 22,760.24 -243.40 SET INDEX 1,409.18 +20.02 JAKARTA COMP 4,897.05 +80.47 MANILA COMP 6,671.18 +74.22 SEOUL COMP 2,004.28 +6.84 SHENZHEN B 844.75 -1.50 MUMBAI IND 22,628.84 -0.12 DOW 16,408.54 +381.79 NASDAQ 4,095.52 +95.79 S&P57 words
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Article20 2014-04-21 1 SINGAPORE MALAYSIA MALAYSIA 6.55 HONG KONG 5.00 INDONESIA KOREA TAIWAN 5.036 JAPAN 1.475 KOREA INDIA BRITAIN Source: Bloomberg20 words
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Article49 2014-04-21 1 US$ S$ US$ (S$ per US$) 1.250 (US$/S$ per 1.683 2.104 EURO (US$/S$/€ 1.384 1.730 Foreign currency per US$ S$ YEN 102.00 81.60 RM 3.237 2.590 HK$ 7.754 6.204 BAHT 32.21 25.77 RUPIAH 11,422 9,138 RENMINBI 6,218 4,975 INDIAN RUPEE 60.43 48.35 A$ 1.068 0.854 NZ$ 1.159 0.92749 words
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Article, Illustration646 2014-04-21 1 JAMIE LEE - Funding access is an ace in hand for Asian developers forming JVs abroad By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT [SINGAPORE] Mid-sized property developers in Singapore have joined the big boys in expanding overseas –particularly in London and Australia and are expected to continue inPHOTO: BLOOMBERG - 646 words
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Page 1 Advertisements
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Advertisement154 2014-04-21 1 DINING OUT Fusing three major cuisines PAGE 21 BOARDROOM MATTERS Should failing to act diligently be a crime? page 4 TOPLINE What’s in store for Lock+Store PAGE 4 VIEWS FROM THE TOP Gifts for the Jubilee Baby PAGE 10 Oman seeks Singapore expertise to build Duqm free trade zone I154 words
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TOP STORIES
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Article491 2014-04-21 2 Japan Inc investing less in China, more in Asean JAPAN’S business investment in China has plunged dramatically in the wake of disputes between the two countries over territorial and other issues while Asean has emerged as a major alternative for Japanese investment. FRONT PAGE London calling to mid-sized491 words
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Article, Illustration916 2014-04-21 2 ROB CURRAN - Analysts warn some stocks will take a lot longer to recover from April sell-off WALL STREET INSIGHT By ROB CURRAN THE broad Standard Poor’s 500 had its biggest gain of the year last week and almost returned to a record high, butPHOTO: BLOOMBERG - 916 words
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Article, Illustration787 2014-04-21 2 RAJU CHELLAM - 200 300mm wafer production lines running in parallel By RAJU CHELLAM The writer, BT’s former BizIT editor, was a member of the recent Singapore Press Club mission to Abu Dhabi and Oman [SINGAPORE] The Singapore arm of GlobalFoundries (GF) or what was previously Chartered787 words
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685 2014-04-21 3 NISHA RAMCHANDANI - Removal of 5 directors could force a loan to come due, warns firm By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Two of Pteris Global’s directors have indicated their support for a proposed reverse takeover (RTO), while the loss-making company warned that the removal of685 words
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Article, Illustration379 2014-04-21 3 CHUANG PECK MING - Champion of champions to be feted at EE Awards By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] There were champions at the first two Enabling Employers Awards, which give recognition to employers who offer jobs to handicapped people. Now, there will be a championST FILE PHOTO - 379 words
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232 2014-04-21 3 NISHA RAMCHANDANI - By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] About 100 of the 131 units in upcoming freehold condominium The Sorrento on West Coast Road, which was launched for sale last Friday, were snapped up over the Easter weekend. Initially, 80 units were launched but eventually232 words
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Page 2 Advertisements
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Advertisement313 2014-04-21 2 I encompass the strength to succeed. It*s my choke. 1 A Success means the world to us, but it does not come about overnight. It is the culmination of sound decisions and equally offbeat ones. In partnership with prestigious universities that have produced many successful graduates, it’s an education you313 words
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Page 3 Advertisements
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Advertisement115 2014-04-21 3 Confidence to build That’s what developers and their investors and lenders can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Businesses and financial institutions around the world partner with us to help them manage every kind of risk. Interest115 words
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COMPANY NEWS
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Article, Illustration1021 2014-04-21 4 MINDY TAN - The self-storage solutions provider is ramping up its expansion plans in Singapore and moving into the region. TOPLINE BY MINDY TAN tanmindy@sph.com.sg @MindyTanBT THE self-storage industry, fresh from a round of consolidation last year, is likely to face another round in the coming years. ButPHOTO: ARTHUR LEE - 1,021 words
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Article, Illustration820 2014-04-21 4 ADRIAN CHAN - The regulatory framework should be changed to ensure proper balance between compensation, deterrence and punishment for directors By ADRIAN CHAN The writer is the First Vice-Chairman of the Singapore Institute of Directors MOST people think that so long as they do not820 words
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Article1417 2014-04-21 7 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd UYING fell for the second straight week while selling among directors plunged, according to Singapore Exchange filings for the holiday-short-ened April 14-17 week Five companies made six purchases worth $500,000 versus two firms1,417 words
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Article1123 2014-04-21 7 COMPANY MEETING PLACE DATE TIME 8Telecom Intl A Gallery Hotel, 1 Nanson Road Kenzo Room (Level 2) 21-Apr 10.00am Ascott Residence A STI Auditorium 168 Robinson Rd (Level 9) Capital Tower 21-Apr 10.00am Charisma Energy A Connection 3 4 Room (Level 3) 21-Apr 10.00am E Amara S’pore Htl1,123 words
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Article2441 2014-04-21 7 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom bn 0.120 29-Apr 02-May 20-May 04-Apr ABR ak 1.500 06-May 08-May 28-May 14-Apr AdvaHldg ak 0.600 06-May 08-May 23-May 11-Apr AEI Corp an 0.500 05-May 07-May 15-May 27-Feb AIM ak 0.160 06-May 08-May 20-May 26-Feb AIMS Prop2,441 words
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Article289 2014-04-21 7 Apr 17 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd ANZ Singapore Bank of China Limited Bangkok Bank Public Co. Ltd.... Bank of Communications ...5.50 Bank of Communications ...5.50 Bank of Tokyo-Mitsubishi ...5.75 Banque Internationale a ...5.50 ...6.00 Chang Hwa289 words
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Page 5 Advertisements
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Advertisement799 2014-04-21 5 OFFERING OF 252,020,000 SHARES (subject to the Over-Allotment Option (as defined in the Prospectus)) OFFERING PRICE: S$1.15 PER SHARE A. •frtifi beS SUBSCRIBE NOW! Initial Public Offering closes 23 April 2014 NOON THE LARGEST ASIA-BAS ED INTERNATIONAL OPERATOR OF OFFSHORE SUPPORT VESSELS 1 &>PQSH PACC OFFSHORE SERVICES HOLDINGS LTD. (Company799 words
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SINGAPORE MARKETS
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Article, Illustration727 2014-04-21 6 R SIVANITHY - STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE irony has probably escaped many in the market but it bears highlighting the Straits Times Index, which has 11 components stocks still in negative territory for the year to date, is at its highest in about727 words
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Article, Illustration521 2014-04-21 6 HOWIE LEE - CURRENCIES HOWIE LEE The writer is an investment analyst at Phillip Futures. AN NDF (non-deliverable forward) is an offshore currency forward where profits and losses are typically cash-settled in US dollars at maturity. It offers opportunities for arbitrage as well as avenues for investors to521 words
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460 2014-04-21 6 COMMODITIES AFP [LONDON] Commodity markets diverged last week as dealers took their leads from the unrest in Ukraine and data out of China and the United States, the world’s two largest economies. Many markets were shutting one day earlier than usual owing toAFP - 460 words
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Article114 2014-04-21 6 BY CENTS CLOSE UP SPDR DJIA 10US$ ***** 217.4 1.1 Lyxor ThaiSET 10US$ ***** 213.7 1.4 DBXT USDIGInfl 5US$ ***** 197.4 0.6 Lyxor Indonesia10US$ 8961 186.2 1.7 Jardine C&C 4823 179.0 3.9 JMH 400 USD 6196 162.5 2.1 DBXT iBoxxSvEu 5US$ ***** 160.0 0.5 JSH 500 USD 3570 136.2114 words
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Article134 2014-04-21 6 BY CENTS CLOSE DOWN IS S&P500 ***** -428.6 -1.8 DBXT FTVietnam 10US$ 2746 -202.4 -5.6 GLD 10US$ ***** -198.7 -1.3 SPDRS S&P 500 10US$ ***** -168.7 -0.7 IS DJ US Tech 8809 -88.7 -0.8 DBXT EONIA 5US$ ***** -86.2 -0.4 DBXT FTChina25 10US$ 2799 -76.2 -2.1 DBXT S&P Short134 words
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Article1588 2014-04-21 6 Consensus No. of Forecast Mean Thu’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 3 10.12 14.08 1.66 1.43 Amtek Engineering Ltd 2.50 2.50 2 0.05 10.65 0.56 0.66 ARA Asset Mgt Ltd 2.291,588 words
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Article77 2014-04-21 6 Apr 17 VALUE CLOSE BT OB/OS 61.00 -34.00 BT CADI -*****.00 +18.00 BT 10-day MA -*****.00 +6.00 FTSE ST Mid Cap 751.67 +4.98 FTSE ST Small Cap 547.78 -0.72 FTSE ST All Share 790.36 +0.93 FTSE ST China Top 202.10 +0.22 FTSE ST China 230.70 +0.51 FTSE77 words
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Article55 2014-04-21 6 VOLUME HanKore Env 749,004,000 Memstar Tech 589,170,000 Albedo 440,055,000 Charisma Energy 376,049,000 CapitaMalls Asia 268,161,000 Cacola 185,354,000 CCM 177,133,000 Noble 136,183,000 PNEMicron 115,556,000 Armarda 112,590,000 VALUE($) CapitaMalls Asia 587,995,885 DBS Grp 261,541,824 CapitaLand 256,051,614 Global Logistic 225,434,362 UOB 186,439,151 Keppel Corp 181,977,578 Noble 172,244,305 SingTel 170,914,550 Ezion55 words
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Page 6 Advertisements
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Advertisement113 2014-04-21 6 Trade NDFs with Phillip Futures Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) I I I, An Asian Financial House with a Global Reach www.phillipfutures.com.sg 6538 0500 futures@phillip.com.sg Co. Reg. No: *****5695G 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 Email: futures@phillip.com.sg The above113 words
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Page 7 Advertisements
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Advertisement202 2014-04-21 7 amplified fx In over 200 markets and 140 currencies, fast, easy execution for corporations and institutions worldwide. That’s FX amplified. The power of global connectionsTM “Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and202 words
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SINGAPORE NEWS
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Article, Illustration473 2014-04-21 8 MINDY TAN - By MINDY TAN tanmindy@sph.com.sg @MindyTanBT Run for Cover CALLING for teams of eight runners! For every 30 kilometres covered on the treadmill, one needy elderly suffering from cataracts will receive free treatment. Mount Elizabeth Hospital’s (MEH) “Run for Cover” campaign is the first of its kind in Singapore.473 words
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Article, Illustration501 2014-04-21 8 GOH KANG SHIONG - Glints, a local internshipmatching start-up run by three 21-year-olds, is gaining prominence as well as funding By GOH KANG SHIONG gohkangs@sph.com.sg A YOUNG start-up in Singapore which matches interns with job attachments in Singapore and the region has attracted the attention of a home-grown start-up incubator.501 words
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Page 8 Advertisements
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Advertisement134 2014-04-21 8 Attention Local Business Owners! REACH OUT TO 1.3MILLI0N POTENTIAL CUSTOMERS FOR FREE! •Average monthly visitors on STDirectory STDirectory.sg is offering a two-month free trial for an enhanced online directory business listing package to local businesses. This package includes: COMPANY LOGO Display your business logo to represent your company’s brand identity134 words
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Advertisement163 2014-04-21 8 A REWARDING TREAT 21-25 April 2014 Thank your dedicated assistant with a rewarding buffet lunch of International, Local and Peranakan specialties. Secretaries can take part in the daily lucky draw and stand to win a weekend staycation in a Swiss Executive Room coupled with 30 minutes city tour in a163 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1397 2014-04-21 9 BEN STEVERMAN - Financial apps have interesting ideas on nudging people’s behaviours in the right direction, but are still unproven, says BEN STEVERMAN BEN STEVERMAN Bloomberg IT’S hard to find a place today where concepts of behavioural finance aren’t being applied to real-world situations. From London toBloomberg - 1,397 words
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1022 2014-04-21 9 Bloomberg WHEN it comes to money, the best of intentions are often no match for biases, irrationalities and bad habits that can lead to buying too much, buying too high, or selling too low. To help investors fight bad financialBloomberg - 1,022 words
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Page 9 Advertisements
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Advertisement156 2014-04-21 9 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to156 words
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VIEWS FROM THE TOP
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Article, Illustration2865 2014-04-21 10 THIS WEEK’S TOPIC What five items would you pick for the Jubilee Baby Gift pack for Singaporean children born in 2015, and why? Achal Agarwal President Asia Pacific Region Kimberly Clark Corporation SINGAPORE represents a collage of cultures that has grown and developed over the past2,865 words
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Page 10 Advertisements
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Advertisement12 2014-04-21 10 A complete list of views from CEOs is also available at http://businesstimes.com.sg12 words
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MALAYSIA/INDONESIA
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Article, Illustration1032 2014-04-21 11 Investments are pouring in from Ikea to Facebook, and European carmakers WP [JAKARTA] Consumer-fo-cused companies from Ikea to European carmakers are putting money into Indonesia to target the country’s young population. Investment will grow at least 15 per cent this year, a slower pace thanWP; PHOTO: BLOOMBERG - 1,032 words
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418 2014-04-21 11 THERE are not many options left for national carrier Malaysian Airline System Bhd (MAS) to return to profitability besides privatisation or declaring bankruptcy. These options could be the only way out for the airline as it faces high operational cost and low productivity,418 words
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Page 11 Advertisements
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Advertisement353 2014-04-21 11 mm A r I Wi ACCA Singapore lal Conference BUTUfiE PROOFING BUSINESS AND THE ACCOUNTANCY SECTOR 12 May 2Q14 Monday 9am 5.30pm 7.5 CPD Units Raffles City Convention Centre www.accaannualconference.sg Future-proofing is not an option, it is your insurance against extinction. J J Magnus Undkvist, Futurologist Globally, the business landscape353 words
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CHINA/INDIA
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706 2014-04-21 12 Obama will use visits to placate allies on US rebalancing towards Asia in face of Chinese ascent AFP [WASHINGTON] President Barack Obama will not visit China on his Asia tour this week, but its broadening shadow will be cast everywhere he goes atAFP - 706 words
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Article, Illustration194 2014-04-21 12 Bloomberg [SHANGHAI] Forget Ferraris. Someone paid at least five million yuan (S$1 million) to buy a Chinese car. China FAW Group Corp began taking orders for the tailor-made Red Flag L5, the nation’s most expensive vehicle, with the first one soldBloomberg; PHOTO: BLOOMBERG - 194 words
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593 2014-04-21 12 It offers US$1.9b for majority control of United Spirits AFP [NEW DELHI] Diageo hopes it will be second time lucky for its US$1.9 billion offer to wrest majority control of India’s United Spirits as the British booze giant seeksAFP - 593 words
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Article1393 2014-04-21 12 VOL Apr 18 RM +/-(‘000) VOL Advance Synerg 0.15 unch 234 Adventa Bhd 1.11 0.01 21 Ae Multi Hldgs 0.23 0.01 2001 Affin Holdings 3.80 unch 132 Ahmad Zaki Res Airasia Bhd 2.29 unch 2629 Alliance Finan 4.60 -0.01 2172 Aluminium Co Advance Synerg Amalgamated In 0.33 0.031,393 words
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Page 12 Advertisements
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Advertisement1045 2014-04-21 12 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices tuna JAYA HOLDINGS LIMITED (Company Registration No. *****2391E) (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the “EGM") of Jaya Holdings Limited (the “Company") will be held on 14 May 2014 at 131,045 words
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Advertisement549 2014-04-21 12 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CHI-EAST PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****6329N NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Members549 words
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WORLD
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Article, Illustration510 2014-04-21 13 Exchanges, brokerages and traders are sued by city of Providence Bloomberg [NEW YORK] Bank of America Corp and the New York Stock Exchange were among dozens of exchanges, brokerages and traders sued over high-frequency trading by the city of Providence, Rhode Island, over claimsBloomberg; PHOTOS: REUTERS, AFP - 510 words
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614 2014-04-21 13 It is reviewing every aspect of how stocks are traded Bloomberg [WASHINGTON] The US Securities and Exchange Commission (SEC) is weighing a requirement that brokers tell investors exactly where their stock trades go to be executed, a proposal thatBloomberg - 614 words
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Article, Illustration815 2014-04-21 14 Country starting to suffer effects of worst East-West political crisis since Cold War AFP [MOSCOW] Russia looks increasingly likely to sink into recession in 2014 as the knock-on effects of its standoff with the West over Ukraine hurt an economy already besetAFP; PHOTO: REUTERS - 815 words
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381 2014-04-21 14 Reuters [PHILADELPHIA] Comcast is in talks with Charter Communications over selling or spinning off roughly three million subscribers worth approximately US$18 billion to US$20 billion as part of the divestitures related to its US$45.3 billion takeover of Time Warner Cable, according to aReuters - 381 words
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471 2014-04-21 14 It underscores the stakes for emergingmarkets investors Reuters [BOSTON] US fund managers warned this month of risks shareholders could face from current or future Western sanctions against Russia, underscoring the stakes for emerging-mar-kets investors arising out of the turmoil in Ukraine.Reuters - 471 words
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398 2014-04-21 14 NYT [NEW YORK] More than six years after the Great Recession began, people in most industrialised countries are still less likely to be employed than they were before the downturn. “The recovery in the labour market has been exceptionally slow,” JanetNYT - 398 words
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Article, Illustration2062 2014-04-21 15 RAJU CHELLAM - The projects in the port city alone offer business opportunities of about US$4.5b for S’pore companies, reports RAJU CHELLAM The writer was previously BT’s BizIT editor. He was on the Singapore Press Club Goodwill Mission to Oman and Abu DhabiFILE PHOTO - 2,062 words
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547 2014-04-21 15 But users need to be aware of fraud and identity theft NYT [MINNESOTA] Xavier Plasencia knows he should check his credit card and bank account transactions regularly to spot any questionable charges. But like many people, he doesn’t always follow through. “ItNYT - 547 words
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286 2014-04-21 16 It is getting harder for them to fulfil policy obligations Reuters [FRANKFURT] Some bigger German life insurance companies could find themselves struggling if low interest rates persist, according to comments made by the country’s top insurance regulator in an interview withReuters - 286 words
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Article, Illustration745 2014-04-21 16 Improving sentiment prompting firms to spend cash built up during financial crisis AFP [PARIS] Europe’s mergers and acquisitions market is rebounding after years in the doldrums, as improving market sentiment is prompting companies to spend piles of cash built up duringAFP; PHOTO: BLOOMBERG - 745 words
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1059 2014-04-21 16 Regulators say such holdings can be hazardous NYT [NEW YORK] The Volcker Rule doesn’t go into effect until 2015, but that hasn’t stopped big bankers and their supporters in Washington from trying to undermine it. The latest fight involvesNYT - 1,059 words
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701 2014-04-21 16 Bloom berg [NEW YORK] Talks to merge the world’s largest gold mining companies, Barrick Gold and Newmont Mining, broke down on Friday amid minor disagreements that leave open the possibility that a deal could be revived, two people withBloomberg - 701 words
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858 2014-04-21 18 Gulf Coast oil, gas sector will need 36,000 qualified workers by 2016 Bloomberg [NEW YORK] How high is demand for welders to work in the shale boom on the US Gulf Coast? So high that “you can take every citizen in theBloomberg - 858 words
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Article, Illustration590 2014-04-21 18 Team-mate Rosberg keeps championship lead with dogged second place Reu ters AFP [SHANGHAI] Lewis Hamilton sealed his first hat-trick of Formula One wins and led Mercedes to their third straight one-two finish at the Chinese Grand Prix as the team tightened their grip on theReuters; AFP; PHOTO: AFP - 590 words
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362 2014-04-21 18 Reuters [LONDON] US pharmaceutical giant Pfizer has approached British rival AstraZeneca to propose a £60 billion (S$126 billion) takeover, Britain’s Sunday Times reported yesterday. The paper cited senior investment bankers and industry sources saying that informal conversations about a deal had takenReuters - 362 words
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Advertisement2070 2014-04-21 13 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Notice to: WINMALL LIMITED (Company Registration No. *****1942K) (Incorporated in the Republic of Singapore) (A) Holders of the outstanding: (i) S$90,000,000 Secured Floating Rate Class AAA Bonds Due 2016 (the “Class AAA Floating Rate Bonds”); (ii) S$80,000,000 Secured Fixed Rate Class AAA2,070 words
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Advertisement702 2014-04-21 14 Industry players upbeat that construction sector here will continue to thrive in next 10-20 years To subscribe, call 6388-3838 or go to sphsubscription.com.sg REQUEST FOR INFORMATION FOR:FOSTORIA PTE LTD (Company Registration No. *****8151C) NEUERTH HOLDINGS PTE. LTD. (Company Registration No. *****6920D) (collectively, the “Companies”) A REQUEST IS HEREBY MADE that702 words
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Advertisement94 2014-04-21 15 ALMATY Seoul Beijing Hong Kong AU Bangkok\* Ho Chi Mmh Kuala Lumpur Beijing Almaty 5 times a week Kuala Lumpur Almaty 3 times a week Bangkok Almaty 7 times a week Seoul Almaty 2 times a week Ho Chi Minh Almaty 2 times a week Hong Kong Almaty 3 times94 words
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Advertisement427 2014-04-21 16 IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF TECHCONNECT SERVICES PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****9250G NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND HELD AT 1 FINLAYSON GREEN #06-01427 words
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Advertisement870 2014-04-21 17 It’s SPH’s 30th anniversary! Celebrate with us and you could be one of our 30 lucky winners. All you need to do is to enter our lucky draw now. If you are a direct subscriber of SPH newspapers, you get 5 chances to win! Hurry, contest ends on 18 May870 words
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Advertisement240 2014-04-21 18 m l(j J) ShARElNVESTOR AjtjLeljjj Critical Financial Ratios iNl It is risky to invest in stocks without having any prior knowledge on the financial health of the companies. Such risky investments may result in a fast erosion of your investment capital. Knowing the financial health and profitability is essential before240 words
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Advertisement19 2014-04-21 18 SINGAPORE’S HU MUSIC STATION ft, fh THE SHAN CHERYLSHOW WEEKDAY MORNINGS 6-10AM HOT fM 3 D facebook.com/hotfmsg (ghotfmsg www.hotfm.sg19 words
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Advertisement97 2014-04-21 18 th n Editio 11 14 September 2014 Singapore EXPO Hall 5 11am 10pm Daily Participate in Singapore’s BIGGEST Showcase Of Food Products Sell local international food products to over 250,000 visitors during the September school holiday period! Book Your Space NOW! *Limited Booths Available! For more information, call *****620 or97 words
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Advertisement358 2014-04-21 19 STPROPERTY FORUM REAL ESTATE OPPORTUNITIES RISE UP TO THE CHALLENGES IN THE SINGAPORE PROPERTY MARKET Real Estate Professionals, earn 2 Non-Core CPD Credit Hours* when you attend this forum Li K P An Insight For Real Estate Professionals and Investors With the implementation of seven rounds of cooling measures in358 words
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AVIATION/SHIPPING
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Article, Illustration768 2014-04-21 20 Reu ters [JINDO, South Korea] South Korean prosecutors investigating last week’s ferry disaster said yesterday that they wanted to extend the detention of the captain and two other crew members by 10 days as they try to determine the cause of anReuters; PHOTO: AFP - 768 words
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Article, Illustration563 2014-04-21 20 Gulf airline said to be seeking 2,000 job cuts at Alitalia; talks on investment stall Reuters [ROME] Etihad Airways has toughened its stance on conditions for investing in Italy’s struggling Alitalia in continuing negotiations between the airlines, sources close to the matter said.Reuters; PHOTOS: BLOOMBERG; AFP - 563 words
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Article388 2014-04-21 20 Crucial scans of ocean floor could be completed this week Reuters [PERTH] The search for missing Malaysia Airlines Flight MH370 entered its 44th day yesterday as Australian search officials said that a crucial series of sonar scans of the Indian Ocean floor could beReuters - 388 words
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322 2014-04-21 20 Bloomberg [HAMBURG] Shipping banks need to refinance about 35 billion euros (S$60.57 billion) in loans in the next two years amid the container industry’s prolonged crisis, according to Deutsche Bank. “About 80 per cent of that is covered by European banks, of whichBloomberg - 322 words
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Article250 2014-04-21 20 SGX '000 Apr 17 S$ +/-Vol Ch Offshore 0.43 0.01 110 Chuan Hup Hldg 0.28 0.02 1166 Cosco Corp 0.72 unch 932 Cwt Limited Vol First Ship Lea 0.11 unch 152 Grand Banks 0.23 -0.01 416 Jaya Hold Ltd 0.78 0.01 4084 K1Ventures.................0.20 unch 6109 Keppel Corp 10.99250 words
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Advertisement44 2014-04-21 20 SALE OF VESSEL “JOURNEYFUL 1” I Interested parties are invited to submit offers for the abovementioned vessel on an “as is and where is” basis. For further enquiries, details and inspection arrangements, please contact Ms. Cecilia Ho Mobile No: +65 6485 5198 Email: info@journeyful.com44 words
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Advertisement12 2014-04-21 20 N U M 1 www.omy.sg OJ l DU ni l IP showbiz.omy.sg12 words
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Page 20 Miscellaneous
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Miscellaneous327 2014-04-21 20 CRYPTIC CROSSWORD Across 1 They say Rita’s humour is warped (6,3,2) 9 A watch and a clock which can’t be relied on? (3-6) 10 Opera house presenting extract from Tosca last year (5) 11 Exam refers to All about Eve (1-5) 12 Retired, Edward longed to be free (8) 13327 words
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DINING OUT
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Article, Illustration958 2014-04-21 21 saysJAIME EE - Una corrals the flavours of Italian, French and Spanish dishes hot off the pan, albeit not very successfully, says JAIME EE saysJAIME EE NEW RESTAURANT Una 1 Rochester Park Tel: 6773-0070; Open daily 6pm to 11pm IT can’t be easy opening a new European restaurant in958 words
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Advertisement90 2014-04-21 21 DON’T BE PIG-HEADED. GET TROTTING! The Chinese language is beautiful. But when you mess it up, things can get pretty ugly. If you don’t wish to set off squeals of laughter or muck around any longer, improve your grasp of the language via NewsTalk. Head for success, not disaster. Head90 words
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Advertisement16 2014-04-21 22 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times?16 words
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Advertisement17 2014-04-21 22 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES KIIM17 words
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Article2348 2014-04-21 22 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 THE2,348 words
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Advertisement210 2014-04-21 23 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WO IMG AT 9620 1327 TO ADVERTISE the Business times Shipping Times I FREIGHT FORWARDER urgently needed by shippers I TO210 words
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SINGAPORE STOCKS
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Article4583 2014-04-21 24 Week ended: Apr 17 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 20 3.3 A-Sonic Aero 10.1 -0.1 6415 10.4 10.1 10.1 10.3 2.6 1.7 23 72.3 AAT 13.6 10.4 8Telecom Last4,583 words
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Article603 2014-04-21 25 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 35 22 t 3Cnergy 500 Last Vol Week 8.8 5.2 t APAC Strategic R Div Gr Yld 1.9 0.9 t Advanced Systems 1 unch603 words
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Article124 2014-04-21 25 Stock name Close Change CapitaLand 3.180 +0.050 CapitaMall Trust 2.010 +0.020 CapitaMalls Asia 2.190 CityDev 10.420 +0.050 ComfortDelGro 2.050 +0.030 DBS Grp 16.900 +0.060 Genting Sing 1.315 -0.005 Global Logistic 2.760 +0.060 Golden Agri-Res 0.610 +0.005 HPH Trust USD 0.675 Stock name Close Change HongkongLand USD124 words
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Article1979 2014-04-21 25 HONG KONG Vol HK$ +/-'000 Apr 17 Aeon Credit '000 Aeon Stores Angang Steel Anhui Conch 30.85 -0.95 ***** Anhuiexpresswa 4.14 -0.03 1666 Asia Satellite 31.50 0.75 17 Asm Pacific 82.90 unch 867 Avic Ihl Avic Int'L Baiyunshan Ph ....30.85 Bank Of China 3.49 0.03 *****2 Bank Of1,979 words
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Article263 2014-04-21 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 62 34.9 AVJennings A57 -5 13 58 55 57 59 3.6 6.1 4.6 211 52 35.5 Genting HK US$ US39.5 unch 7616 39.5 39 39 39.5 2600.9263 words
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Article186 2014-04-21 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 3 2 0 0 0 11 3 2 Manufacturing 81 67 29 9 17 7 90 84 36 Commerce 32 23 19 4 8 4 36 31 23 Tpt/Stor/Comms 21 18 5186 words
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Article1158 2014-04-21 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.7 -0.1 41 114 113.5 113.5 113.9 519 143 119 CIMB APAC Div 100S$D 129.8 +0.6 129.8 129 128.6 131.11,158 words
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Article123 2014-04-21 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 114,114 114,114 344,750 344,750 Manufacturing 1,769,980 399,676 2,169,656 502,113 20,546 522,659 Commerce 568,843 581,825 1,150,668 430,900 29,051 459,951 Tpt/Stor/Comms 359,168 12,809 371,977 475,711 1,451 477,162 Finance 97,558 1,487 99,045 615,794 408 616,202 Construction 188,796 566,931123 words
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Advertisement26 2014-04-21 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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Article586 2014-04-21 26 Apr 18 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.37 *****.67 *****.74 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****4 Sep14 *****.00 0 8640 MSCI TAIWAN INDEX FUTURES SPOT 319.77 319.85 317.43 Apr14 317.40 320.70 317.40 318.30 ***** *****1 May14 317.90 320.00 317.80 318.20586 words
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373 2014-04-21 26 In local curr In S$ In US$ dy yr dy yr dy yr Apr 18 Index Change Change Change Change Change Change World Preliminary 1185.8 0.0 0.1 0.0 -0.4 0.0 0.6 EAFE Preliminary 943.1 0.1 -1.4 0.1 -0.9 0.1 0.0 Europe Preliminary 1366.4 0.0 0.8373 words
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Article471 2014-04-21 26 Apr 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.030 5.824 0.677 7.263 56.597 106.979 0.956 9.729 3.032 1.085 90.143 41.573 1.171 9.860 0.824 28.274 30.169 0.556 0.937 Canada 0.971 5.654471 words
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Article31 2014-04-21 26 Apr 17 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth ..0.***** Source: Thomson Reuters31 words
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Article78 2014-04-21 26 Apr 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****T 31-Oct-14 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.31 101.34 101.34 5-Year NX*****W 2.5 01-Jun-19 105.32 105.40 105.40 10-Year NX*****H 2.750 01-Jul-2378 words
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Article138 2014-04-21 26 Apr 17 GOLD(US$/oz) Apr 17 Apr 16 Hong Kong 1303.00 1307.00 Apr 17 Apr 16 London 1298.80 1299.30 1299.00 1300.10 Source: Thomson Reuters CAST BAR Apr 17 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 313 259 10gm 583 520138 words
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Article57 2014-04-21 26 Apr 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 14 2714.0 2694.0 2714.0 2685.0 271 5674 Jun 14 2660.0 2648.0 2665.0 2635.0 3667 ***** Jul 14 2645.0 2634.0 2653.0 2623.0 ***** ***** Aug 14 2643.0 2628.057 words
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Article155 2014-04-21 26 Apr 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1701 1.1712 0.9364 0.9369 Canadian dollar 1.1360 1.1368 0.9093 0.9091 Euro 1.7293 1.7303 1.3839 1.3841 NZ dollar 1.0782 1.0790 0.8628 0.8631 Sterling pound 2.1035 2.1047 1.6833 1.6836155 words
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Article109 2014-04-21 26 Apr 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1514.00 1518.75 1531.75 1504.00 Jul 14 1502.25 1508.75 1521.00 1492.50 Aug 14 1420.50 1424.00 1434.00 1412.00 Sep 14 1298.25 1299.75 1310.25 1295.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14109 words
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Article94 2014-04-21 26 Apr 17 COCOA (£/tonne) Close Prev High Low May 14 1872 1849 1875 1845 Jul 14 1881 1857 1885 1852 Sep 14 1883 1860 1887 1856 Dec 14 1876 1853 1879 1851 COFFEE(US$/tonne) Close Prev High Low May 14 2118 2064 2122 2047 Jul14 2136 2082 2140 2062 Sep94 words
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1145 2014-04-21 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 38 0.3 1 87 0.58 51 Asia-Pacific Strategic W*****6 1 0.3 30 333 21.94 1 Acma Ltd W*****7 Exer Price Asiatic Grp(Hldgs) Ltd W*****5 Disc Asiatravel.com HoldingsW*****7 31,145 words
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Article70 2014-04-21 26 CRUDE OIL PRODUCTS Apr 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.91 0.69 WTI (Near Mth) 103.73 0.20 Dubai (1-Mth F) 106.29 1.03 Tapis blend 113.19 0.57 Minas 111.39 1.47 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.31 -0.08 Jet Kerosene 122.37 0.91 US$/barrel OpecOil Basket70 words
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Article23 2014-04-21 26 Apr 17 Apr s$ Bid Offer 1-month 1.2496 1.2501 2-months 1.2495 1.2501 3-months 1.2495 1.2501 6-months 1.2494 1.2499 Source: OCBC23 words
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Article66 2014-04-21 26 Apr-17 Apr-17 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1829.50 1839.00 3 months 1865.00 1875.00 Copper, Grade A(US$/tonne) Cash 6662.50 6627.00 3 months 6649.00 6619.00 Lead(US$/tonne) Cash 2122.75 2120.50 3 months 2142.00 2142.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months66 words
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Article121 2014-04-21 26 As at 9am Apr 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.200 1.143 Can dollar 1.156 1.112 Euro 1.768 1.684 Sterling pound 2.142 2.060 NZ dollar 1.105 1.063 US dollar 1.274 1.214 Local dollars to 100 units of foreign121 words
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Article161 2014-04-21 26 Apr 17 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.20 0.10 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12161 words
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BizIT
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Article, Illustration1062 2014-04-21 27 AMIT ROY CHOUDHURY - Symantec says attacks are now conducted in a ‘low and slow’ way. BY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT WHILE the Heartbleed bug is very much in the news due to its sheer scale, it is by no means the only threat or1,062 words
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Article555 2014-04-21 27 VICTORIA HO - Companies are spending more on user interface design By VICTORIA HO WITH large companies giving their IT systems a facelift, the stereotype of the ugly enterprise application may eventually cease to exist, according to IT consultant Avanade. Mick Slattery, Avanade’s executive vicepresident of global service lines,555 words
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Article, Illustration201 2014-04-21 27 CONSUMERS stand to win as television manufacturers push technology frontiers in a race to enhance viewing pleasure. Curved TV has been around for the past year or so and now Samsung has launched the world’s first curved UHD (ultra high definition) TV. By combining its curved201 words
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701 2014-04-21 27 VICTORIA HO - By VICTORIA HO THE ephemeral tastes of the fashion industry seem unpredictable, but a retail startup in Singapore has thought up a formula to maximise its clothing sales based on trend data. Lift12 is a year-old company that has for the701 words
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BizIT FOCUS: CLOUD COMPUTING
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Article, Illustration2922 2014-04-21 28 IN terms of mindshare, cloud computing has become mainstream and on the agenda of almost every CIO (chief information officer). However, the picture is different in actual use case scenarios. A Gartner survey shows that last year, just 38 per cent of all organisations used cloud2,922 words
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Advertisement45 2014-04-21 27 Ifi fat See advanced fl PRINTING TECHNOLOGIES AND PRODUCTS! o o ASIA 16 18 July 2014 Marina Bay Sands, Singapore Sands Expo and Convention Center Level 1, Hall A B I Register at www.OfficExpoAsia.com/visit Organised By BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF S|£l45 words
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Advertisement103 2014-04-21 27 —T Show2014 n v* if 29 May 1 June 2014 SUNTEC Singapore Halls 401-406 Why Exhibit? Leverage on an unrivalled publicity campaign. Sell your tech products and services to over 800,000 consumers directly. 0 sp^fj5 NO® ira'ited /\va\' at, e For more information call *****620 or Email: sales@exhibitsinc.com.sg Our IT103 words
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