The Business Times, 29 January 2014

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Microfilm: NL32958
Total Pages: 28
1 28 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, January 29, 2014
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  • Article
    Lock icon Investment commitments robust: EDB
    747 1  -  $12.1b fixed-asset investments pulled in last year; investment level expected to stay steady this year By CHUANG PECK MING By peckming@sph.com.sg [SINGAPORE] Despite rising costs and a tighter labour market, Singapore still pulled in strong foreign investment commitments last year, the Economic Development Board (EDB) said
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,062.41 (+19.98) GST INDEX FUTURES 3,062.00 (+21.00) GSIMSCI 349.01 (+1.82) GSIMSCI FUTURES 348.40 (+2.90) US$ S$ US$ (S$ per US$) 1.274 (US$/S$ per 1.661 2.115 EURO (US$/S$/€ 1.367 1.740 Foreign currency per US$ S$ YEN 102.80 80.70 RM 3.337 2.620 HK$ 7.764 6.097 BAHT 32.89 25.82 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,781.25 +2.37 NIKKEI 225 14,980.16 -25.57 HANG SENG 21,960.64 -15.46 SET INDEX 1,271.79 -16.80 JAKARTA COMP 4,341.65 +18.87 MANILA COMP 6,022.81 -58.80 SEOUL COMP 1,916.93 +6.59 SHENZHEN B 842.62 -2.06 MUMBAI IND 20,683.51 -23.94 11am EST Change DOW 15,923.55 +85.67 NASDAQ 4,094.58 +10.97
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA JAPAN TAIWAN KOREA JAPAN 1.475 KOREA 9.33 SWITZERLAND 0.50 INDIA 3.25 Source: Bloomberg
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  • Article, Illustration
    Lock icon PM: Three goals S’pore should achieve to show it has progressed
    767 1  -  They are: good jobs, higher fertility rate, and capable govt trusted by people By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] Good jobs for the people, more babies and a capable government at the helm are three goals Singapore should achieve if
    PHOTO: AZIZ HUSSIN/ THE STRAITS TIMES  -  767 words
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      181 1 PROPERTY Braddell View up for privatisation PAGE 10 TRANSPORT HUB Parallel imports of cars down 24.5% PAGE 19 EXEC MONEY Managing threat from emerging markets PAGE 27 CORPORATE RESULTS SMRT’s Q3 profit down 44% PAGE 6 DISTINCTLY INDIVIDUAL Martin No.38: for the discerning, whose vision is distinct and not your
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      378 2 Investment commitments robust: EDB DESPITE rising costs and a tighter labour market, Singapore still pulled in strong foreign investment commitments last year, the EDB said yesterday. FRONT PAGE Three goals S’pore should achieve GOOD jobs for the people, more babies and a capable government are three goals Singapore
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    • Article
      Lock icon Changi Airport sets new passenger milestones
      528 2  -  A record 53.7m handled last year; monthly, daily records also broken By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Changi Airport broke its annual, monthly and daily passenger records in 2013. During the year, the airport handled 53.7 million passengers, a 5 per cent increase over 2012,
      528 words
    • Article, Illustration
      Lock icon Banks woo savers as deposits slide
      827 2  -  Lenders offer slightly higher interest rates, cash and giveaways By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] If you are a saver, things are starting to look up. In recent weeks, banks have stepped up their deposit promotions in their attempts to court those who have
      Source: MAS  -  827 words
    • Article
      Lock icon Help elderly, poor join MediShield Life: panel
      529 4  -  Govt support needed for that, it says, adding that people want premium to be payable by Medisave By nishar@sph.com.sg NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] The MediShield Life review committee has called on the government to provide support for the elderly and low-income to come
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    • Article, Illustration
      Lock icon Slow and steady wins the race
      847 4  -  A property and stock market correction is to be cheered if economic fundamentals are sound COMMENTARY CAI HAOXIANG haoxiang@sph.com.sg Correspondent ‘WISELY and slow. They stumble that run fast,” said Friar Lawrence, advising the amorous R omeo i n Sh a k es p eare
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    • Article, Illustration
      Lock icon Lower iPhone sales renew China fears
      804 4 Apple’s stock also down 8% on weak revenue forecast Reuters [NEW YORK] Lower-than-expected holiday iPhone sales and a weak revenue forecast by Apple Inc have renewed fears about Chinese demand and a tepid global market, wiping 8 per cent off company stock. This year
      Reuters; PHOTO: AFP  -  804 words
    • Article
      Lock icon Investments in S’pore chemical sector still strong
      545 4  -  There is net job creation because of new investments By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] The Republic continues to see a steady flow of investments into the chemical industry, including from Japanese companies. Despite some major names which shut down their Singapore operations recently
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    • Article
      Lock icon Durable goods orders in surprise fall
      413 4 Drop reflects broad-based retreat that raises the risk of investments cooling LATEST US DATA Bloomberg [NEW YORK] Orders for durable goods unexpectedly slumped in December by the most in five months, reflecting a broad-based retreat that raises the risk business investment will cool in
      Bloomberg  -  413 words
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      56 2 Empowering the elite professional of tomorrow’s world. Our suite of professional programmes: Executive Development and Growth for Excellence (EDGE WSQ) Leadership and People Management (LPM WSQ) Business Management (BM WSQ) Business Management Financial Management (BM FM WSQ) ^Source: 2013/2014 JobsCentral Learning Rankings and Sur vey Registered with the Council for
      56 words
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      516 2 NOTICE OF REDEMPTION TO THE HOLDERS OF STANDARD CHARTERED BANK KOREA LIMITED 7.267% Hybrid Tier I Securities due 2034 CUSIP Nos. Y*****AH0 and *****3AD4 NOTICE IS HEREBY GIVEN THAT, STANDARD CHARTERED BANK KOREA LIMITED (the "Company") hereby informs you, pursuant to the Fiscal Agency Agreement dated as of March 3,
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      11 2 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
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  • Page 3 Advertisements
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      107 3 Congratulations to OUE Commercial REIT on their successful listing on the Singapore Stock Exchange. f u n 1 11 Jl:i 1 I III 1 I I I i ■IN HI n; r= III i i III .--V III Jill CT" ll il il ra •hi a x o na m
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  • Page 5 Advertisements
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      126 5 ONLY THE GREATEST ATTRACTS THE BRIGHTEST. DO YOU HAVE WHAT IT TAKES? WORK-LIFE EXCELLENCE AWARD 2014 Work-life harmony is one of the top criteria that jobseekers look out for in employers. Organisations which place emphasis on work-life friendly practices tend to have more motivated, engaged and productive employees. Apply for
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  • COMPANY NEWS
    • Article
      Lock icon Quarterly reporting essential in disclosure-based regime
      647 6  -  HOCK LOCK SIEW By sivan@sph.com.sg R SIVANITHY sivan@sph.com.sg IS quarterly reporting (QR) really needed? It depends on who you ask. On the one hand, advocates of QR such as regulators, auditors and investors argue that more frequent reporting helps the market keep tabs on
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    • Article
      Lock icon KrisEnergy buys 60% of exploration block in Thai gulf
      254 6  -  By LEE MEIXIAN leemx@sph.com.sg KRISENERGY yesterday announced its acquisition of a 60 per cent stake in exploration block G3/48 in the Gulf of Thailand from UAE’s Mubadala Petroleum. When contacted, the Sin-gapore-listed upstream oil and gas company declined to disclose the
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    • Article
      Lock icon SMRT’s Q3 profit falls 44% to $14.23m
      442 6  -  Fare business turns in $9m operating loss; revenue up 4% B y NISHA RAMCHANDANI nishar@sph.com.sg SMRT Corp’s net profit tumbled 44.1 per cent year on year to $14.23 million for the third quarter ended Dec 31, 2013, dragged down by its fare business
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    • Article, Illustration
      Lock icon Indicators point to impending rise in soured loans
      456 6  -  Moody’s cites retail spending, industrial production indices By JAMIE LEE leejamie@sph.com.sg THE indices for retail spending and industrial production are two leading indicators that signal an impending increase in soured loans in Singapore, said Moody’s Investors Service in a report yesterday. The
      Source: Moody's Investors Service, Singapore Department of Statistics, Urban Redevelopment Authority  -  456 words
    • Article
      Lock icon Eu Yan Sang Q2 net falls 31% on interest expense, taxes
      439 7  -  But CEO Richard Eu points to strong operating profit growth By CAI HAOXIANG haoxiang@sph.com.sg HIGHER interest costs and taxes caused traditional Chinese medicine (TCM) retailer Eu Yan Sang to post a 31 per cent decline in its net profit
      439 words
    • Article, Illustration
      Lock icon Mixed views on potential MBFC Tower 3 deal
      674 7  -  Analysts rate deal as yield accretive, to neutral to negative By MINDY TAN tanmindy@sph.com.sg THE potential divestment of Prudential Tower previously flagged by various research houses as a possible sale target for Keppel Reit (K-Reit) has drawn differing views from analysts. This
      FILE PHOTO  -  674 words
    • Article
      Lock icon Global Premium Hotels’ Q4 earnings up 20.1%
      315 7  -  By SHEENA TAN tsheena@sph.com.sg DESPITE a 1.4 per cent dip in revenue to $14.96 million, Global Premium Hotels ended its fourth quarter last year with a 20.1 per cent rise in net profit to $5.2 million. Among factors contributing to the higher earnings
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    • Article
      Lock icon IPC quadruples 2013 net profit to $18.2m
      225 7  -  By FELDA CHAY feldac@sph.com.sg IT services provider turned property developer IPC Corporation almost quadrupled its full-year 2013 net profit to $18.2 million from $4.8 million a year ago as sales from its business hotels and condominium projects in Japan surged. Earnings per share
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    • Article, Illustration
      Lock icon DBS is first Shanghai FTZ foreign bank to close deal
      447 9  -  It provides foreign currency letter of credit financing to Jeans International By SIOW LI SEN lisen@sph.com.sg DBS Bank (China) has completed the first trade financing deal by a foreign bank in the Shanghai Free Trade Zone (FTZ). The deal was
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    • Article
      Lock icon Jurong Aromatics complex to start up ahead of schedule
      363 9  -  By RONNIE LIM ronnie@sph.com.sg JURONG Aromatics Corporation’s (JAC) US$2.4 billion, integrated refinery/ aromatics complex is set to start up in May/June, a couple of months ahead of schedule, BT understands. “Prices are still holding,” a market observer noted. “But demand (for
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    • COMPANY BRIEFS
      • Article
        Lock icon Fragrance Q4 profit almost quadruples
        51 9 PROPERTY developer and hotel operator Fragrance Group’s fourth-quarter net profit has almost quadrupled to $133.7 million from $34.5 million a year ago. It attributed this to a jump in other operating income and a rise in profit margins for some of its hotels and development
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      • Article
        Lock icon ‘Yes’ vote from Kreuz shareholders
        161 9 SHAREHOLDERS of Kreuz Holdings have voted in favour of private equity fund Headland Private Equity Fund 6’s $445.6 million offer to privatise the firm at an offer price of 80 cents per Kreuz share. Headland had made the offer in November last year through a
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      • Article
        Lock icon SP Corp’s full-year earnings up 14%
        71 9 SP Corporation Ltd’s full-year net profit has risen 13.8 per cent to $2.4 million, despite a drop in revenue. This came from its other operating income almost trebling on the write-back of allowance for doubtful trade receivables. Revenue for the 12 months ended Dec
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      • Article
        Lock icon Thai Village Hldgs has new name
        43 9 THAI Village Holdings Ltd has changed its name to Pavillon Holdings Ltd. This change follows an extraordinary general meeting held last week. The new name has been lodged with the Accounting and Corporate Regulatory Authority of Singapore.
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    • Article, Illustration
      Lock icon Nam Cheong clinches deals worth US$70m
      308 9  -  By LEE MEIXIAN leemx@sph.com.sg NAM Cheong yesterday announced contracts worth nearly US$70 million for five vessels to repeat customer Sentinel Marine. These will contribute positively to its earnings for its fiscal years 2014 through 2016, said the listed manufacturer of offshore support vessels for
      308 words
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      530 6 Beef Up Your Finances Call 1800 289 8822 or I e-mail notices@sph.com.sg to publicise your IPOs other offerings CLA/FEB1 1/g SAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices FEDERAL FEDERAL INTERNATIONAL (2000) LTD (Incorporated in the Republic of Singapore) (Company No. *****7113K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY
      530 words
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      122 6 THE MONETARY AUTHORITY OF SINGAPORE RESULTS OF AUCTION OF TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TO BE ISSUED ON 03 FEBRUARY 2014. Tenor Total Amount Allotted Amount Allotted to Non-Competitive Applications Amount Allotted to MAS Total Amount Applied Coupon Rate Cut-off Yield Price Median Yield Price Average Yield Price of Competitive
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      280 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PROJECTION PTE LTD Reg. No. *****3473R NOTICE OF CREDITORS’ MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap. 50, a
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      224 6 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF GARENA INTERACTIVE PTE. LTD. Company Registration No. *****6568H (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of The Companies Act, Chapter 50, that the Final Meeting of the members of the abovenamed
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      106 7 KOPI TIAM'S PORRIDGE TREASURES Toss to prosperity at Kopi Tiam this Lunar New Year! Till 28 February 2014 Choose from a variety of prosperity porridge flavours including the luxurious lobster and tasty beef porridge, or enjoy the simplicity of traditional flavours such as the sweet potato porridge. Priced at $28++
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon EM, China worries put on hold
      620 8  -  STI recovers with a 19.98-point gain after losing 91 points in past three sessions STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent After dropping 91 points in the previous three sessions, the Straits Times Index yesterday rebounded 19.98 points to 3,062.41 in anticipation of Europe and
      Source: Bloomberg  -  620 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jan 28 VALUE CLOSE BT OB/OS -610.00 +49.00 BT CADI -*****.00 -19.00 BT 10-day MA -*****.00 -61.00 FTSE ST Mid Cap 706.13 -0.18 FTSE ST Small Cap 529.73 +0.23 FTSE ST All Share 745.00 +3.67 FTSE ST China Top 196.46 -0.25 FTSE ST China 222.80 -0.50 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 2 0 0 0 6 6 2 Manufacturing 43 32 45 4 6 10 47 38 55 Commerce 25 19 11 2 7 4 27 26 15 Tpt/Stor/Comms 14 12 9
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Nam Cheong
        217 8 Jan 28 close: $0.32 DBS GROUP RESEARCH, Jan 28 NAM Cheong started off 2014 with sales of five vessels worth US$70 million to a repeat customer, Sentinel Marine, which in an emerging offshore support vessel (OSV) player based in Aberdeen. This comes on the back of sales of
        Source: Bloomberg  -  217 words
      • Article
        Lock icon Wing Tai Holdings close: $1.755
        262 8 Jan 28 close: $1.755 CIMB RESEARCH, Jan 28 H1 FY2014 operating profit dropped 26 per cent y-o-y, largely because of lower contributions from development properties. We expect the weak earnings to persist given that most of its remain- ing projects remain unsold, with the exception
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      • Article
        Lock icon Jaya Holdings
        424 8  -  Compiled by JOYCE HOOI Jan 28 close: $0.79 DMG PARTNERS RESEARCH, Jan 28 AS we highlighted in the previous quarter, Jaya’s strong chartering performance is suffering a 25 per cent drag by the under-utilised shipyards. We note that three vessels have had their delivery times delayed by 1-2
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,157 18,157 72,304 72,304 Manufacturing 410,925 99,398 510,323 128,543 4,636 133,179 Commerce 126,515 221,649 348,164 104,286 18,282 122,568 Tpt/Stor/Comms 73,588 1,992 75,580 152,941 220 153,160 Finance 27,291 84 27,375 226,179 26 226,205 Construction 49,056 253,812
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change CapMallsAsia 1.805 CapitaLand 2.800 CapitaMall 1.920 +0.020 CityDev 9.130 -0.050 ComfortDelGro 1.940 +0.025 DBS Grp 16.65 +0.080 GLP 2.850 -0.010 Genting SP 1.400 -0.005 Golden Agri 0.510 -0.005 HK Land 6.130 +0.070 HPH Trust US$ 0.665 -0.005 JMH 53.97 +0.860 JSH 32.92
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    • Article, Illustration
      Lock icon Korean won snaps 6-day losing streak
      515 8 CURRENCIES Reuters [SINGAPORE] The South Korean won led gains among emerging Asian currencies yesterday as anxiety over developing markets eased, but the upside was limited on expectations of a further reduction in US monetary stimulus. The won, which snapped a six-day losing streak, and
      Reuters; PHOTO: BLOOMBERG  -  515 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME Transcu Grp 185,976,000 Charisma Energy 133,643,000 Albedo 121,242,000 CCM Grp 118,829,000 China Bearing 90,617,000 HanKore 71,136,000 Memstar 66,819,000 KLW Hldgs 61,383,000 JES 52,036,000 Vallianz Hldgs 43,187,000 VALUE($) SingTel 96,696,908 DBS Grp 81,649,140 UOB 62,652,995 OCBC Bk 52,345,610 Keppel Corp 51,426,720 GLP 48,475,840 CapitaMall 39,556,875 CapitaLand 30,861,515
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    • Article
      Lock icon RISES
      107 8 BY CENTS CLOSE UP JSH 3292 117.2 2.9 JMH 5397 109.5 1.6 UOB 2031 21.0 1.0 DBXT MSINDO 10us$ 1165 19.1 1.3 SIA 200 980 15.0 1.6 DBXT FTChina25 10US$ 2707 11.5 0.3 Haw Par Corp 843 10.0 1.2 Keppel Corp 1062 10.0 1.0 HK Land 613 8.9 1.2
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    • Article
      Lock icon FALLS
      130 8 BY CENTS CLOSE DOWN Hyflux 6% CPS 10 ***** -300.0 -2.8 GLD 10US$ ***** -152.8 -1.0 Lyxor Europe 10 US$ 1507 -50.9 -2.6 CIMBAsean40 100US$ 943 -47.1 -3.8 DBXT MSMSIA 10US$ 1422 -45.8 -2.5 DBXT MSTHAI 10US$ 1730 -35.7 -1.6 Lyxor MS India 10US$ 1265 -24.2 -1.5 CIMBASEAN40 100S$D
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      147 9 THE ONE PLACE FOR ALL YOUR LOGISTICS NEEDS. Cogentl .Logistics Hub at 1 Buroh Crescent has it all, from container depot and warehousing to transportation management. A one-stop hub with an integrated container depot on the roof top that revolutionises your logistics supply chain through the enhancement of productivity and
      147 words
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      1188 9 SITRA HOLDINGS (INTERNATIONAL) LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1237E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 18 Sungei Kadut Street 2, Singapore *****6 on 14 February 2014 at 9.30 a.m for
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  • SINGAPORE NEWS
    • Article
      Lock icon Braddell View up for privatisation
      525 10  -  MC needs mandate to harmonise leases as estate was built in two phases PROPERTY WATCH By MINDY TAN tanmindy@sph.com.sg HUDC estate Braddell View has been designated for privatisation, the Ministry for National Development (MND) said yesterday. It is the last of 18 HUDC estates to
      525 words
    • Article, Illustration
      Lock icon Completed condo prices fell 0.6% last year: NUS
      725 10  -  Resale price drop to continue due to loan curbs, say analysts By KALPANA RASHIWALA kalpana@sph.com.sg FOLLOWING five consecutive month-on-month declines, prices of completed non-landed private homes eased 0.6 per cent for the whole of last year, compared with an increase of 4.2
      Source: URA  -  725 words
    • Article
      Lock icon Advanced materials centre to help SMEs launched
      345 10 A CENTRE of innovation (COI) the seventh one here was launched yesterday, specifically to help small and medium-sized enterprises by making advanced materials technology accessible to them. Called the Materials Centre of Innovation (MCOI), it will showcase a range of materials technologies to
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    • Article
      Lock icon Canberra EC bids reveal a touch of caution
      585 10  -  By ONG CHOR HAO ongch@sph.com.sg DEVELOPERS are showing greater caution in bidding for executive condominium (EC) sites, analysts say, after a tender for a 99-year leasehold site at Canberra Drive closed yesterday. A joint venture between Verwood Holdings, a unit of City
      585 words
    • Article
      Lock icon Nutrition R&D centre opens in S’pore
      359 10  -  By SHEENA TAN tsheena@sph.com.sg ASIA’S first centre that covers cellular to whole body nutrition research across the entire food chain was launched yesterday. The Clinical Nutrition Research Centre (CNRC) comes on the heels of other research and development (R&D) centres set up by leading
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon NUS to set up centres for banking, maritime law
        69 10 THE National University of Singapore will set up a Centre for Banking Finance Law, and plans to set up a Centre for Maritime Law soon, it said yesterday. The faculty also revised its undergraduate curriculum: it cut grading for the first
        69 words
      • Article
        Lock icon Tenders awarded for three Tuas industrial sites
        91 10 JTC CORP has awarded the tender for three industrial sites at Tuas South Street 10. Plot 20, a 3,036.2 sq m site, has been awarded to The Hi-Fi Company for $3.1 million. Plot 22, a 3,036 sq m site, has been awarded to
        91 words
      • Article
        Lock icon SID partners Insead on directors’ programme
        77 10 THE Singapore Institute of Directors (SID) and global business school Insead have signed a three-year partnership to bring the International Directors Programme to Singapore in June. The agreement aims to enhance corporate governance practices in Singapore and the region. The Singapore or Fontainebleau session
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    • Article
      Lock icon Buyers of timeshare, holiday club deals get more protection
      341 10  -  By LEE MEIXIAN leemx@sph.com.sg THE Ministry of Trade and Industry (MTI) has amended regulations to better protect consumers when they purchase timeshare and long-term holiday product contracts. The changes take effect from April. One key change is the expansion of the
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      34 10 ti-h'] $1.6 MILLION Estimated Draw on Thu, 30 Jan 2014 at 6.30pm For details, visit www.singaporepools.com.sg P L A V& Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G m
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon CIMB selldown points to investor caution
      524 11  -  Recommendations by research houses epitomise banking stock uncertainty By S JAYASANKARAN in Kuala Lumpur ON a day when the Kuala Lumpur stock exchange was marginally up, shares in Malaysia’s second largest lender, CIMB Holdings, declined one per cent to RM6.84 apiece over earnings dilution
      524 words
    • Article, Illustration
      Lock icon Indonesia oil palm growers turn to sukuk
      714 11 Bloomberg [KUALA LUMPUR] Bumitama Agri is joining Indonesian oil-palm planters selling sukuk in Malaysia to take advantage of the nation’s tax breaks and to tap its record Syariah-compli-ant banking assets. The company set up a two billion ringgit (S$764.5 million), 15-year Islamic bond
      Bloomberg; PHOTO: BLOOMBERG  -  714 words
    • Article
      Lock icon Indonesia nickel-ore export ban may create shortage
      670 11 Bloomberg [JAKARTA] Agus Suhartono shipped more than two million tonnes of Indonesian nickel ore last year to meet demand in China for nickel pig iron used in stainless steel. Now, he can’t load cargoes and may lay off some of the 1,400 workers
      Bloomberg  -  670 words
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      Lock icon Page 11 Advertisements Column 1
      2588 11 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ■pv I WE HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****0445D) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 29 January 2014 issued
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China shadow banking faces expansion risk
      783 12 Trust bailout seen as short-term relief at the cost of brewing long-term crisis Bloomberg [BEIJING] The eleventhhour rescue of wealthy investors in a high-yield trust by China threatens to drive more money into the country’s US$6 trillion shadowbanking industry, undermining regulators’ efforts to deter
      Bloomberg  -  783 words
    • Article
      Lock icon RBI raises rates, says further tightening unlikely soon
      634 12 25 bps hike driven by hopes of high but moderating inflation Reuters [MUMBAI] India surprisingly raised interest rates yesterday to dampen inflation, saying it was now better prepared to deal with the risk of major capital outflows roiling emerging economies. The Reserve
      Reuters  -  634 words
    • Article, Illustration
      Lock icon India imposes 5% tariff on iron ore pellet exports
      356 12 Reuters [NEW DELHI] India imposed a 5 per cent duty on exports of iron ore pellets, taking yet another step in conserving the raw material for domestic steelmakers that has slashed its shipments to top market China. India already levies a
      Reuters; PHOTO: BLOOMBERG  -  356 words
    • Article, Illustration
      Lock icon Top China diplomat seeks free-trade deal with EU
      307 12 Reuters [BRUSSELS] Beijing’s top diplomat called for China and the European Union to consider a multi-billion-dollar free-trade deal, a once unthinkable step that shows a big improvement in relations between two of the world’s largest markets. “There are bright prospects for China-EU
      Reuters  -  307 words
    • Article
      Lock icon Two HK firms to pay SEC US$10.9m
      390 12 Reuters [NEW YORK] Two Hong Kong asset management firms have agreed to pay US$10.9 million to settle charges by the US Securities and Exchange Commission of insider trading ahead of a bid by China’s CNOOC for Canadian oil company Nexen Inc. The proposed
      Reuters  -  390 words
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  • WORLD
    • Article
      Lock icon UK economy grows 1.9% in 2013 – best result since 2007
      670 13 UK economy grows 1.9% in 2013 best result since 2007 Q4 GDP climb of 2.8% y-o-y was fastest growth since Q1 2008 Bloomb erg [LONDON] The UK economy expanded 0.7 per cent in the fourth quarter, ending the best year since 2007 amid growth in every sector except construction. The
      Bloomberg  -  670 words
    • Article, Illustration
      Lock icon Smartphones make for fertile spy ground
      945 13 ‘Leaky’ apps can spew a lot about the phone user NYT [NEW YORK] When a smartphone user opens Angry Birds, the popular game application, and starts slinging birds at chortling green pigs, spy agencies have plotted how to lurk in the background to snatch
      NYT; PHOTO: AFP  -  945 words
    • Article, Illustration
      Lock icon Ex-Japan PM against nuclear power
      653 13  -  He argues Japan could be a world leader in renewable energy by 2020 By in ANTHONY ROWLEY in Tokyo FORMER prime minister of Japan Morihiro Hosokawa, who is standing for election to be governor of Tokyo, yesterday stoutly defended his anti-nuclear-power stand, arguing that Japan
      PHOTO: REUTERS  -  653 words
    • Article, Illustration
      Lock icon Ford posts record pre-tax profit
      429 13 Bloomberg [DEARBORN, Michigan] Ford Motor Co set annual pre-tax profit records in North America and Asia in 2013, as F-Series pickups extended sales leadership in the US and the Focus compact drove demand in China. Pre-tax earnings climbed to US$8.78 billion in North America and
      Bloomberg; PHOTO: AFP  -  429 words
    • Article
      Lock icon Minor battle seen as deadline for next US debt ceiling looms
      697 14 GOP keen to avoid another showdown but conservatives are sharpening swords AFP [WASHINGTON] The world’s largest economy once more faces the threat of default unless the US Congress raises the debt ceiling, but feuding between President Barack Obama and
      AFP  -  697 words
    • Article, Illustration
      Lock icon US lawmakers agree to cut farm subsidies, food stamps
      495 14 Bipartisan deal includes crackdown on fraud, misuse AFP [WASHINGTON] Congressional negotiators have reached a deal on a five-year bill that eliminates or caps agriculture subsidies for thousands of farmers and slashes the food stamp programme for needy Americans. The mammoth measure,
      AFP; PHOTO: BLOOMBERG  -  495 words
    • Article, Illustration
      Lock icon Ukraine PM, govt quit in bid to defuse crisis
      775 14 But Opposition says the move will only partially satisfy it AFP [KIEV] Ukraine’s Prime Minister Mykola Azarov and his entire government resigned yesterday in a bid to defuse the country’s deadly crisis, giving in to months of pressure as Parliament scrapped
      AFP; PHOTO: AFP  -  775 words
    • Article
      Lock icon RBS sets aside £3b for claims, deep losses expected for 2013
      737 14 NYT [LONDON] Nearly six years after the financial crisis, the sins of the past still weigh heavily on the Royal Bank of Scotland (RBS). Bailed out by the British government in 2008, the bank said on Monday that it
      NYT  -  737 words
    • Article, Illustration
      Lock icon San Francisco is income gap’s new epicentre
      950 15 Tech industry brings jobs to the Bay Area but puts homes further out of reach Bloomberg [SAN FRANCISCO] The epicentre of the income inequality debate has shifted 4,000 km west, from Wall Street to Market Street. Whether it’s protesters targeting Twitter’s new San
      Bloomberg; PHOTO: BLOOMBERG  -  950 words
    • Article, Illustration
      Lock icon American folk singer Pete Seeger ‘a man of the people’
      511 15 OBITUARY Reuters [NEW YORK] Pete Seeger, who helped create the modern American folk music movement and co-wrote some of its most enduring songs such as If I Had a Hammer, died on Monday at the age of 94, US media
      – Reuters; PHOTO: REUTERS  -  511 words
    • Article
      Lock icon Aussie business conditions hit 2-1/2-year high in Dec: survey
      278 15 Reuters [SYDNEY] A measure of Australian business conditions jumped to its highest in more than 2-1/2 years in December as sales and profitability improved markedly, while confidence held steady at long-run average levels, a survey found yesterday. National Australia Bank’s (NAB)
      Reuters  -  278 words
    • Article, Illustration
      Lock icon Global smartphone sales top billion: IDC
      561 15 Samsung leads with 31.3% of ‘13 sales, beats Apple’s 15.3% AFP [WASHINGTON] The smartphone market hit a milestone in 2013 with more than a billion shipped, a survey showed on Monday. Samsung extended its lead as the world’s biggest vendor, accounting for 31.3 per
      AFP; PHOTO: REUTERS  -  561 words
    • Article
      Lock icon Google buys British artificial intelligence developer
      290 15 NYT [LONDON] As it aims to build driverless cars and the next generation of robots, Google said that it had acquired the British artificial intelligence developer DeepMind. A Google spokesman confirmed the deal on Monday, but declined to provide the transaction’s cost or more
      NYT  -  290 words
    • Article
      Lock icon US govt’s deal with big firms could disadvantage startups
      547 16 Startups cannot disclose specific info about govt-sought data for two years NYT [SAN FRANCISCO] A small but significant caveat in a new agreement brokered between the Obama administration and Google, Facebook, Yahoo and Microsoft could cast a long shadow over American
      NYT  -  547 words
    • Article
      Lock icon Data thefts don’t stop Americans from online shopping
      296 16 Reuters [NEW YORK] Most Americans have been victims of data theft, but that hasn’t stopped them from using credit cards and social media sites or shopping online, according to a poll. One in three Americans surveyed said they have seen fraudulent charges
      Reuters  -  296 words
    • Article, Illustration
      Lock icon France, Germany against proprietary trading ban
      578 16 They say banks should ring-fence speculative activities Reuters [PARIS] France and Germany said that banks should ring-fence speculative activities from other business lines rather than be banned from them outright, setting out their position ahead of European Commission proposals aimed at limiting risk. Yesterday,
      Reuters; PHOTO: REUTERS  -  578 words
    • Article
      Lock icon NZ may be first developed country to raise rates
      716 16 Market odds for a Jan hike shot up last week after annual CPI rose to 1.6% Reuters [WELLINGTON] New Zealand’s central bank is on the verge of becoming the first developed country to raise interest rates in the current cycle, with
      Reuters  -  716 words
    • Article
      Lock icon More in France opting to work ‘off the books’
      880 16 With rising taxes, cash payments keep the taxman at bay Reuters [PARIS] French handyman Bruno (not his real name) works full-time doing repair work on homes around Paris. But he says the real reward comes after all paperwork has been signed
      Reuters  -  880 words
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  • Transport HUB
    • Article
      Lock icon Cruising boom good news for Singapore
      759 17  -  More ships operating in Asia will need routine maintenance and major refits STRAIT TALK By DAVID HUGHES SOME 20 years ago, when Star Cruises bought its first two ships, there was great scepticism about the viability of the operation. The doubters were soon proved
      759 words
    • Article
      Lock icon Light bookings support long range tanker rates
      364 17 Reu ters [LONDON] Clean tanker rates on major export routes were mixed on Monday with light bookings providing modest support to the transatlantic and larger long range markets. Rates for medium-range (MR) tankers for 37,000 tonne cargoes on the TC2 route from Rotterdam
      Reuters  -  364 words
    • Article
      Lock icon TRANSPORT STOCKS
      242 17 SGX '000 Jan 28 S$ +/-Vol Ch Offshore 0.44 0.01 16 Chuan Hup Hldg unch unch 0 Jan 28 Cwt Limited...............1.30 0.01 139 First Ship Lea unch unch 0 Grand Banks 0.23 unch 221 Jaya Hold Ltd Cosco Corp K1Ventures ....unch Keppel Corp 10.62 0.10 4874 Mercator Lines
      242 words
    • Article
      Lock icon Court allows Excel Maritime Carriers restructuring plan
      596 17 Bloomberg [DELAWARE] Excel Maritime Carriers, the Greek shipping company that operates 36 dry-bulk vessels, won court approval of a plan that gives lenders majority ownership of the reorganised company. US bankruptcy judge Robert Drain approved the plan at a hearing on Monday in
      Bloomberg  -  596 words
    • Article, Illustration
      Lock icon Cuba opens PSA-run Mariel megaport
      546 17 AFP [MARIEL, Cuba] Cuba has officially opened its new Mariel “megaport”, hoping that the project would put it on the map as a regional shipping hub despite scant foreign investment and the US economic embargo. Leading the ceremony were Cuban president Raul Castro and his
      AFP; PHOTO: REUTERS  -  546 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Bigger Singapore Airshow this year
        588 18  -  Packed programme planned; over 1,000 companies attending, up from around 900 in the 2012 event By RAPHAEL LIM raphlim@sph.com.sg THE upcoming Singapore Airshow is set to be even bigger than the previous edition in 2012, with all available indoor space taken. Over 1,000 companies will
        588 words
      • Article, Illustration
        Lock icon India’s 1937 law stalls AirAsia’s bid to start flights
        1017 18 Bloomberg [NEW DELHI] AirAsia Bhd, the region’s biggest budget airline, is aiming to start flights in India and bring more competition to one of the world’s fastest growing markets. The only thing standing in the way: a law dating back to
        Bloomberg; PHOTO: REUTERS  -  1,017 words
      • Article
        Lock icon S Korea to finalise F-35 jet fighter deal this year
        271 18 AFP [SEOUL] South Korea plans to finalise the purchase of 40 next-generation F-35 jet fighters from US aerospace giant Lockheed Martin later this year, Seoul’s military procurement agency said. “We will. push to sign the contract in the third quarter
        AFP  -  271 words
      • Article
        Lock icon Southwest brand to fly outside the continental US in July
        310 18 Reuters [DALLAS] Southwest Airlines said on Monday that it would start flights to Aruba, the Bahamas and Jamaica in July, its first flights outside the continental United States under the Southwest brand. The US carrier offers flights to Mexico and
        Reuters  -  310 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Parallel imports of cars down 24.5% at 1,172
        557 19  -  But super-luxury models chalk up strong numbers as buyers rush to beat new progressive taxes By SAMUEL EE samuelee@sph.com.sg AS expected, the parallel import (PI) market continued to haemorrhage in 2013, contracting 24.5 per cent to just 1,172 units and outpacing the
        557 words
      • Article, Illustration
        Lock icon GM chief vows to support Opel, add 3rd model
        848 19 NYT [RUSSELSHEIM, Germany] In her first trip abroad since becoming chief executive officer of General Motors (GM) in mid-January, Mary Barra on Monday underscored the company’s commitment to its troubled Opel unit. She promised to invest in the flagship factory in
        NYT; PHOTO: BLOOMBERG  -  848 words
      • Article
        Lock icon Toyota to curb Japan output in April
        351 19 Reuters [TOKYO] Toyota Motor Corp plans to curb daily vehicle output in Japan by 15 per cent in April from a year earlier as it adjusts for a dampening of demand from a national sales tax rise, a source familiar with its production
        Reuters  -  351 words
      • Article, Illustration
        Lock icon Honda becomes first Japan carmaker that is a net US exporter
        566 19 Reuters [TOKYO] Honda Motor last year exported more cars out of the United States than it imported into the country, claiming a first among major Japanese carmakers. More than 30 years after it began building cars in the US,
        Reuters; PHOTO: AFP  -  566 words
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      311 18 CRYPTIC CROSSWORD Across 1 Word for down and out but not finished (12) 8 Ended topless intimacy, caught in streak (7) 9 Fixed, absorbing first of drugs, to get tranquillised (7) 11 Man sleeping rough around island produces papers (7) 12 Body concerned with electricity supply (7) 13 Initially individual
      311 words
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  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      65 19 Into its 11thedition Participate In Singapore’s MEGA FOOD Mir 2014 BEVERAGE FAIR SUNTEC Singapore Halls 401-403 27th Feb 2nd Mar 2014 Book Now *Limited Booths Available! *****620 or Email: sales@exhibitsinc.com.sg Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX, WORLD FOOD FAIR AND CONSUMER ELECTRONICS EXHIBITION) BLOCK 8, LORONG
      65 words
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      Lock icon Page 19 Advertisements Column 2
      31 19 HOW ARE YOU LIVING THE NEW YEAR? DO ONE RANDOM ACT OF KINDNESS DAILY LOVE MORE TRY SOMETHING NEW EVERYDAY SPEND MORE TIME WITH MUM BE A BETTER LISTENER KISS MORE
      31 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Time for Asian leaders to step in
      540 20 EDITORIAL IF it is “better to jaw jaw than to war war”, as Winston Churchill suggested, then perhaps we should be reassured by all the mutual jawboning going on between Japan and China. The trouble is that they are talking “at” rather than
      540 words
    • Article, Illustration
      Lock icon Famous thesis overtaken by clash within civilisations
      806 20  -  THE BOTTOM LINE LEON HADAR Washington Correspondent DURING much of the first two decades of the 21st century, the growing consensus among members of the intellectual elite in the West has been that Samuel Huntington’s prophecy of the evolving clash of civilisations was
      806 words
    • Article, Illustration
      Lock icon Tap behavioural economics for productivity boost
      1300 20  -  Businesses must select leaders and managers who can engage their employees By LEONG CHEE TUNG The writer is manager, Singapore and South-east Asia, at Gallup SINGAPORE’S productivity continues to lag that of other developed economies, despite heavy investments by its government and businesses. To
      PHOTO: BLOOMBERG  -  1,300 words
    • Article, Illustration
      Lock icon Asia set for better growth in 2014
      1093 21  -  But unlike in North Asia and China, domestic demand in India, Indonesia and Malaysia may be checked by fiscal austerity By SANJAY MATHUR The writer is managing director and head of economics research, Asia Pacific ex-Japan, at The Royal Bank of Scotland SIA
      PHOTO: AFP  -  1,093 words
    • Article, Illustration
      Lock icon Transport infrastructure key to domestic, export growth
      980 21  -  By FRANK-JURGEN RICHTER The writer is founder and chairman of Horasis, a global visions community I NOTICED recently that Jaguar Land Rover (JLR), a group now owned by Tata of India, had increased its exports enormously. JLR increased sales over the last year
      980 words
    • Article, Illustration
      Lock icon New India airports set to lift standards, fund sector growth
      788 21  - New India airports set to lift standards fund sector growth YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT WITH the completion of Mumbai’s new second air terminal for 55 billion rupees (S$1.1 billion), India’s financial capital has joined Delhi, Bangalore and Hyderabad in having a
      788 words
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  • Article
    Lock icon Shipping Times
    2108 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 THE
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  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      132 22 Shanghai Chittagong C a il a n E n n o r e J e d d a h B r Ho Chi Minh NYK RORO &Conventional ServiceREGULAR SERVICE TO REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea, Australia, East South Africa, Asia Europe is b a n e H
      132 words
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      Lock icon Page 22 Advertisements Column 2
      311 22 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TALISMAN FF404 20/01 24/01 27/01 29/01 03/02 09/02 SALOME FF405 28/01 01/02 03/02 05/02 10/02 17/02 TAMESIS FF408 19/02 21/02 23/02 28/02
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      Lock icon Page 23 Advertisements Column 1
      167 23 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327 I
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      19 23 USE THIS SPACE TO SELL CALL JOE WO IMG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2714 24 Transaction date: Jan 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last 14 11.5 8Telecom Vol Day Last Quote ('000) High Low Buyer Seller 11.5 7 AEM --AAT Net P/E
      2,714 words
    • Article
      Lock icon SGX CATALIST
      261 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller
      261 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11296 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Local Ccy SD Bond .0.9857/ 1.8099/ China Opportunities'" 7031/ FM local Cry
      11,296 words
    • Article
      Lock icon GLOBALQUOTE
      258 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 34.4 AVJennings A56.5 unch 7 56.5 56.5 56.5 58 3.6 6.2 4.6 209.2 52 35.5 Genting HK US$ US41 +0.5 4571 41.5 40.5 40.5 41 2699.7
      258 words
    • Article
      Lock icon SGX ETF
      886 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company Last 114.4 96.5 CIMB APAC Div 100US$ US96.5 10.1 1510 1192 CIMBASEAN40 100S$D 1236 -16 4 1240 1234 1252 1217 866 CIMBAsean40 100US$ US943 -37
      886 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      699 26 Jan 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.64 *****.12 *****.83 Mar14 *****.00 *****.00 *****.00 *****.00 *****4 *****7 Jun14 *****.00 103 2867 MSCI TAIWAN INDEX FUTURES SPOT 302.94 302.94 296.98 Feb14 296.00 296.20 292.10 ***** *****3 Mar14 294.60 309.00 294.60 4 20
      699 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Jan 27 Index Change Change Change Change Change Change World Preliminary 1147.1 -0.8 -3.2 -1.1 -2.3 -0.7 -3.3 EAFE Preliminary 927.3 -1.3 -3.0 -1.6 -2.0 -1.2 -3.0 Europe Preliminary 1325.6 -1.0 -2.2
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Jan 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.975 5.314 0.643 6.820 55.180 107.500 0.903 9.484 2.931 1.062 92.764 39.750 1.119 9.746 0.789 26.661 28.888 0.529 0.878 Canada 1.026 5.452
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    • Article
      Lock icon SIBOR
      34 26 Jan 28 (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 26 Jan 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 1-Year BY*****T 31-Oct-14 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.53 5-Year NX*****W 0.5 01-Apr-18 104.49 104.67 104.50 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      138 26 Jan 28 GOLD(US$/oz) Jan 28 Jan 27 Hong Kong 1261.00 1277.00 Jan 27 Jan 24 London 1260.90 1266.70 1261.85 1267.55 Source: Thomson Reuters CAST BAR Jan 28 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 116 51 5gm 329 257 10gm 587 514
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    • Article
      Lock icon PALM OIL
      57 26 Jan 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 14 2518.0 2520.0 2527.0 2509.0 179 2332 Mar 14 2533.0 2525.0 2535.0 2514.0 1754 ***** Apr 14 2544.0 2529.0 2544.0 2519.0 ***** ***** May 14 2541.0 2527.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Jan 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1183 1.1191 0.8782 0.8787 Canadian dollar 1.1475 1.1481 0.9015 0.9011 Euro 1.7398 1.7406 1.3663 1.3667 NZ dollar 1.0532 1.0539 0.8271 0.8275 Sterling pound 2.1145 2.1149 1.6605 1.6606
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 26 Jan 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1287.75 1284.75 1293.00 1279.00 May 14 1271.00 1270.00 1276.00 1262.75 Jul 14 1256.50 1257.75 1261.25 1248.75 Aug 14 1215.50 1218.75 1220.75 1210.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
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    • Article
      Lock icon LIFFE
      94 26 Jan 27 COCOA (£/tonne) Close Prev High Low Mar 14 1830 1777 1834 1757 May 14 1818 1765 1821 1745 Jul 14 1808 1758 1809 1737 Sep 14 1800 1752 1801 1732 COFFEE(US$/tonne) Close Prev High Low Jan 14 1736 1725 1736 1736 Mar 14 1719 1708 1762 1689
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1179 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 Exer Acma Ltd W*****7 Prem Disc Ascendas Reit MB ECW*****3 2.9 0.2 240 2 Ascendas Reit MB eCW*****1 2.8 0.2 210 3 Ascendas Reit
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Jan 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.03 -0.43 WTI (Near Mth) 95.90 -0.93 Dubai (1-Mth F) 103.72 0.79 Tapis blend 115.52 0.77 Minas 108.52 0.77 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.61 -0.72 Jet Kerosene 122.01 0.23 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Jan 28 S$ Bid Offer 1-month 1.2734 1.2736 2-months 1.2734 1.2736 3-months 1.2733 1.2736 6-months 1.2731 1.2733 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 26 Jan-27 Jan-27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1718.50 1718.50 3 months 1762.00 1762.00 Copper, Grade A(US$/tonne) Cash 7211.00 7211.00 3 months 7180.00 7180.00 Lead(US$/tonne) Cash 2151.75 2151.75 3 months 2167.00 2167.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Jan 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.140 1.086 Can dollar 1.168 1.124 Euro 1.785 1.700 Sterling pound 2.153 2.071 NZ dollar 1.074 1.033 US dollar 1.302 1.240 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      158 26 Jan 28 $S Offer Bid 0vernight 0.05 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.12 US$ 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
      158 words
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  • executive Money
    • Article, Illustration
      Lock icon Emerging markets no big threat
      1306 28  -  Economists say developed countries can withstand last week’s sell-offs and the pain will be limited to a few unbalanced economies By SIMON KENNEDY Bloomberg EMERGING markets aren’t yet sneezing enough for the rest of the world to catch a cold. That’s the diagnosis of economists
      Bloomberg; PHOTO: BLOOMBERG  -  1,306 words
    • Article, Illustration
      Lock icon Managing threat from emerging markets
      1589 27  -  Investors in emerging markets should focus on current account-surplus countries at this time as these are less vulnerable to foreign capital flows MONEY MATTERS Shane Oliver AMP Capital Investors The writer is head of investment strategy and chief economist at AMP Capital THE past week
      Source: Bloomberg, JP Morgan, AMP Capital; Source: Bloomberg, AMP Capital  -  1,589 words
    • Article, Illustration
      Lock icon Pimco to start 19 active ETFs as Gross diversifies firm
      642 27 Company to more than triple its line-up by offering variations of mutual funds Bloomberg [NEW YORK] Pacific Investment Management Co (Pimco), the world’s biggest bond manager, plans to start 19 actively managed exchange-trad-ed funds (ETFs) as co-founder Bill Gross further
      Bloomberg; PHOTO: BLOOMBERG  -  642 words
    • Article
      Lock icon Marathon zooms in on distressed debt in Europe
      263 27 NYT [NEW YORK] Marathon Asset Management has gained a reputation for being a rag-and-bone picker, finding opportunities in the aftermath of financial disaster. Marathon, an US$11 billion hedge fund, is going scavenging in Europe with a new fund dedicated to distressed debt
      NYT  -  263 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
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