The Business Times, 3 February 2014
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2014-02-03
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The Business Times
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Title Section25 2014-02-03 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, February 3, 201425 words
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1188 2014-02-03 1 MINDY TAN - Australia, UK, US hot spots; US$3.5b invested abroad in first 9 months of last year By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] Firms have ramped up their geographical diversification efforts in recent months in a bid to escape Singapore’s prohibitive property cooling measures. In the opening1,188 words
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MARKETS DIGEST
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Article57 2014-02-03 1 Weekly Change ST INDEX 3,027.22 -48.77 KL COMP 1,804.03 +1.46 NIKKEI 225 14,914.53 -477.03 HANG SENG 22,035.42 -414.64 SET INDEX 1,274.28 -40.35 JAKARTA COMP 4,418.76 -18.58 MANILA COMP 6,041.19 -150.31 SEOUL COMP 1,941.15 +0.59 SHENZHEN B 850.11 -12.77 MUMBAI IND 20,513.85 -619.71 DOW 15,698.85 -180.26 NASDAQ 4,103.88 -24.29 S&P57 words
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Article21 2014-02-03 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 TAIWAN INDONESIA 14.812 TAIWAN BRITAIN JAPAN 1.475 KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg21 words
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Article49 2014-02-03 1 US$ S$ US$ (S$ per US$) 1.278 (US$/S$ per 1.665 2.129 EURO (US$/S$/€ 1.369 1.750 Foreign currency per US$ S$ YEN 103.40 80.90 RM 3.332 2.606 HK$ 7.762 6.072 BAHT 32.87 25.71 RUPIAH 12,178 9,526 RENMINBI 6.048 4.731 INDIAN RUPEE 62.13 48.60 A$ 1.149 0.899 NZ$ 1.209 0.94649 words
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Article, Illustration588 2014-02-03 1 Legal challenges could further rattle the already battered baht, stock market Reuters [BANGKOK] Controversial elections in Thailand passed peacefully yesterday, but the country was no nearer to ending its intractable political conflict, with the government facing the prospect of months of paralysis, protests andReuters; PHOTO: REUTERS - 588 words
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Page 1 Advertisements
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Advertisement85 2014-02-03 1 BOARDROOM MATTERS The search for independence PAGE 4 BizIT INTERVIEW Secular shift a big opportunity for Oracle PAGE 27 VIEWS FROM THE TOP Betting on the winning horse PAGES 8-9 DINING OUT Food-centred Italian wine bar PAGE 21 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories,85 words
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TOP STORIES
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Article, Illustration1965 2014-02-03 2 ROB CURRAN - Focus will be on emerging markets such as Argentina; jobs report may bring cheer WALL STREET INSIGHT By ROB CURRAN THE stock market slipped into full-fledged crisis mode last week something that is likely to continue this week unless the January jobs reportPHOTO: BLOOMBERG - 1,965 words
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Article300 2014-02-03 2 Firms venturing into overseas property FIRMS have ramped up their geographical diversification efforts in recent months in a bid to escape Singapore’s property cooling measures. FRONT PAGE Political paralysis looms in Thailand THAILAND’S elections passed off peacefully but the country was no nearer to ending its conflict. FRONT300 words
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Article, Illustration553 2014-02-03 3 LEE U-WEN - Top management drops by sometimes, too, to listen to staff presentations directly By leeuwen@sph.com.sg LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] To most people, it may seem like any other meeting room, but the spacious venue at one of OCBC’s offices in Tampines is where553 words
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Article, Illustration623 2014-02-03 3 KELLY TAY - Its research chief expects US GDP growth to be 3% By KELLY TAY By kellytay@sph.com.sg [SINGAPORE] This time, the much-touted US recovery story is to be believed, says Ethan Harris, Bank of America Merrill Lynch’s co-head of Global Economics Research. “If you had623 words
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Page 3 Advertisements
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Advertisement90 2014-02-03 3 Confidence to expand That’s what participants in international commerce can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Companies dcing business around the world partner with us to manage virtually every kind of risk. Changing currency valuations, energy costs,90 words
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COMPANY NEWS
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Article, Illustration826 2014-02-03 4 LEE U-WEN - The head honcho of the Australian upstream oil-and-gas company sees huge potential in the Asian growth story, reportsLEE TOPLINE LEE U-WEN leeuwen@sph.com.sg IT’S perhaps not too far of a stretch to say that Peter Bond has probably seen and done it all even at the826 words
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Article, Illustration902 2014-02-03 4 LIM CHIN HU - The notion of independence should comply with the spirit, not just the letter of the Code, saysLIM CHIN HU LIM CHIN HU The writer is a member of the Governing Council of the Singapore Institute of Directors IN a recent forum, the non-execu-tive chairman of aPHOTO: STOCK.XCHNG - 902 words
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278 2014-02-03 4 GROSS REDEMPTION YIELD COUPON NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE CLOSING CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) YEAR RAISED ISIN CODE MATURITY DATE 01.07.2014 NX*****F 2004 3 5/8 5800.00 1/1 1/7 29 101.35 0.40278 words
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Article, Illustration1815 2014-02-03 5 ROBERT HALILI - Several significant corporate shareholder trades, despite holiday-shortened week INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying rebounded while the selling among directors remained low based on filings on Singapore Exchange during the holiday-shortened Jan 27-30 week. Buyers outnumberedSource: Asia Insider Ltd - 1,815 words
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Article, Illustration510 2014-02-03 5 MALMINDERJIT SINGH - Stays on as adviser, Chan Eng Yew is new chief executive officer from Feb 1 By MALMINDERJIT SINGH msingh@sph.com.sg THE CEO of Triyards, Wong Bheet Huan, has stepped down after a decade at the helm of the offshore vessel fabrication and engineering510 words
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287 2014-02-03 5 MALMINDERJIT SINGH - By MALMINDERJIT SINGH msingh@sph.com.sg FORESTRY and pulp producer United Fiber System’s (UFS) proposed acquisition of a 67 per cent stake in Indonesia’s Golden Energy Mines Tbk (Golden Energy) has been plunged into doubt because of a failure to meet certain conditions relating to the287 words
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Page 5 Advertisements
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Advertisement257 2014-02-03 5 NOTICE OF COURT HEARING IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 1140 of 2013 In the Matter of Section 210 of the Companies Act (Cap. 50, 2006 Rev. Ed) And In the Matter of KREUZ HOLDINGS LIMITED (Registration No. *****3628R) …Applicant SCHEME OF ARRANGEMENT under257 words
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SINGAPORE MARKETS
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Article, Illustration742 2014-02-03 6 R SIVANITHY - STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent EVEN though Singapore, with Hong Kong, is classified as a developed market within the MSCI Asia-Pacific ex-Japan index, it has been sold off together with emerging markets (EMs) like China, Brazil, Argentina and Turkey. This would742 words
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Article, Illustration545 2014-02-03 6 TAN CHEE TAT - COMMODITIES TAN CHEE TAT The writer is an Investment Analyst with Phillip Futures. IN the mid-1970s, the United States, which is the world’s largest consumer of crude oil, was plagued with an energy crisis resulting from two factors: peak production in US crude;545 words
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500 2014-02-03 6 CURRENCIES Bloomberg [NEW YORK] The yen last week extended monthly gains against emerging-market (EM) currencies as growing volatility amid a selloff spurs investors to reverse carry trades while seeking haven assets. The euro fell to its lowest level versus the dollar sinceBloomberg - 500 words
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Article119 2014-02-03 6 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 307.7 1.5 Pan Ocean 100 500 150.0 42.9 DBXT MSKorea 10US$ 5974 136.3 1.8 DBXT S&P Short 10US$ 2693 114.6 3.5 GLD 10US$ ***** 59.9 0.4 IS S&P500 ***** 35.7 0.2 DBXT STGLDv100 10US$ 3076 33.1 0.9 IS Asia BND119 words
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Article130 2014-02-03 6 BY CENTS CLOSE DOWN SPDRS S&P 500 10US$ ***** -736.3 -3.2 SPDR DJIA 10US$ ***** -568.1 -2.7 DBXT MSEurope 10US$ 5781 -294.2 -3.8 DBXT E50 10US$ 5018 -267.5 -4.0 Jardine C&C 3500 -251.0 -6.7 DBXT MSAsExJp 10US$ 3242 -187.2 -4.3 JMH 5358 -180.9 -2.6 DBXT MSJAP 10US$ 4599 -141.4130 words
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Article1511 2014-02-03 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 1.75 4 10.43 13.86 1.70 1.45 Amtek Engineering Ltd 3.00 3.00 2 0.05 7.87 0.52 0.50 ARA Asset Management 2.29 2.291,511 words
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Article77 2014-02-03 6 Jan 30 VALUE CLOSE BT OB/OS -802.00 -8.00 BT CADI -*****.00 -99.00 BT 10-day MA -*****.00 -80.00 FTSE ST Mid Cap 701.02 -5.84 FTSE ST Small Cap 527.07 -0.68 FTSE ST All Share 737.33 -4.93 FTSE ST China Top 194.94 -1.13 FTSE ST China 220.88 -1.51 FTSE77 words
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Article56 2014-02-03 6 VOLUME Albedo 606,925,000 Transcu Grp 578,439,000 Charisma Energy 448,282,000 HanKore 375,873,000 KLW Hldgs 284,523,000 CCM Grp 220,903,000 Memstar 198,300,000 Vallianz Hldgs 195,588,000 Blumont 193,774,000 Federal Int 176,505,000 VALUE($) SingTel 366,941,802 DBS Grp 307,335,095 Keppel Corp 251,414,282 UOB 235,697,740 GLP 205,646,091 OCBC Bk 199,199,205 Genting SP 131,038,825 CapitaLand56 words
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Page 6 Advertisements
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Advertisement104 2014-02-03 6 Ask the Commodities Experts Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) W At Phillip Futures www.phillipfutures.com.sg *****500 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 above information does not constitute an investment advice, an offer/solicitation104 words
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SINGAPORE NEWS
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Article, Illustration1024 2014-02-03 7 VIVIEN SHIAO - Number of women research scientists, engineers rising by a few hundred a year By VIVIEN SHIAO vshiao@sph.com.sg WOMEN in Singapore may be making slow progress in winning more seats in corporate boardrooms but in the fields of science and engineering, theyPHOTO: YEN MENG JIIN - 1,024 words
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Article, Illustration221 2014-02-03 7 KELLY TAY - By KELLY TAY By kellytay@sph.com.sg New clothes for kids SOME 30 children from the Singapore Children’s Society (SCS) visited the John Little store at Plaza Singapura last week. They were accompanied by 20 staff volunteers from OCBC Bank, and spent an hour in the store shopping for new221 words
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Article298 2014-02-03 7 Jan 30 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bangkok Bank Public Co. Ltd Bank of Communications 5.50 Bank of East Asia ...5.50 Bank of Communications ...5.50 Bank of Tokyo-Mitsubishi ...5.75 Banque Internationale a298 words
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Article125 2014-02-03 7 COMPANY MEETING PLACE DATE TIME Infinio Group E 2 Leng Kee Road #03-04 07-Feb 11.00am Thye Hong Centre Singapore Windsor E Tanglin 1 Room Level One 07-Feb 3.00pm RELC International Hotel 30 Orange Grove Road Del Monte Pacific E M Hotel Singapore 11-Feb 10.00am Anson Room 3 Level125 words
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Article997 2014-02-03 7 Payment Ex Rec Pay Ann (cts) date date date date AIMS Prop Securities (Sep-Dec 2013) ct 0.150 27-Dec 31-Dec 21-Mar 18-Dec AIMSAMPI Reit (1 Oct-31 Dec 2013) ag 2.770 06-Feb 10-Feb 27-Mar 29-Jan Ascendas REIT (1 Oct-31 Dec 2013) ag 3.540 23-Jan 27-Jan 27-Feb 20-Jan Ascendas REIT ES997 words
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Page 7 Advertisements
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Advertisement31 2014-02-03 7 1 1 W N 7 FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit Call 1800 289 8822 or email recruit@sph.com.sg to advertise. n rJ I u tn31 words
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VIEWS FROM THE TOP
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Article, Illustration5251 2014-02-03 8 THIS WEEK’S TOPIC: How do you think the Year of the Horse will turn out for your industry or profession? What do you wish most for your organisation, and for Singapore? Dan Neary Vice-President Facebook APAC IN 2014, reaching the relevant target audience at scale5,251 words
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Page 9 Advertisements
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Advertisement159 2014-02-03 9 f IT Tr v; r. |f T n 3! frirl «T ?r Sr* In ITilT m uM r I2«5r fiii 3 r pit e; 53RSJ j| te Si ll I n sr E"» in 5s -J LL‘« g'Tl 5 'Ji "ing 3 l!ll 'Via 5^.1 ■5 A„- injy sg •DU-159 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration2446 2014-02-03 10 CAI HAOXIANG - A Singapore household earning $10,000 monthly could accumulate $1 million in 10-30 years, says CAI HAOXIANG ‘HONEY’, says the brave husband or wife one night. “I’ve been thinking about becoming a millionaire.” “Huh, just buy the $10 million Toto Hongbao draw next week, lor,” comesFILE PHOTO - 2,446 words
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Article, Illustration491 2014-02-03 10 CAI HAOXIANG - Setting a fixed amount to spend every day may make you spend more than you bargained for MONDAY MULTIPLE CAI HAOXIANG haoxiang@sph.com.sg Correspondent THIS month and the next, I need to figure out how to spend $80 worth of NS45 Safra vouchers a one-off hongbao given491 words
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Page 10 Advertisements
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Advertisement113 2014-02-03 10 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 to113 words
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Page 11 Advertisements
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Advertisement441 2014-02-03 11 VdWWWWWF STPROPERTY SEMINAR pjiopzjrr/ I'/IAfiZST OUTLOOK FOR O /"M /I rr I I i YEAR OF THE HORSE 2 i sw. Date: 1 2 March 2014 Venue: Suntec City Convention Centre, Hall 406 1 Raffles Boulevard, Suntec City, Singapore *****3 Time: 2pm 6pm ss—, g» k kSh' bsc u St441 words
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MALAYSIA/INDONESIA
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588 2014-02-03 12 This would be its slowest pace in 4 years as boom in commodities ends Re uters [JAKARTA] Indonesia’s economy likely grew less than 6 per cent in 2013, marking its slowest pace of growth in four years, as the end of a commodityReuters - 588 words
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498 2014-02-03 12 Reuters [SYDNEY] China has found an inadvertent ally in its efforts to slim down a bloated aluminium sector, with Indonesia’s ban on exporting metal ores set to boost costs of the raw material bauxite and pile more pressure on struggling smelters. BeijingReuters - 498 words
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Article, Illustration542 2014-02-03 12 Bids were too close to call: govt officials Reuters [KUALA LUMPUR] A power plant tender that sovereign wealth fund 1 Malaysia Development Bhd (1MDB) is keen to win before a US$2 billion IPO of its power assets has been delayed after bids came inReuters; PHOTO: REUTERS - 542 words
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Article1407 2014-02-03 12 VOL Jan 30 RM +/-(‘000) Abric Bhd Cooo) Advance Synerg unch unch 0 Adventa Bhd 1.01 -0.03 47 Ae Multi Hldgs unch unch 0 Affin Holdings 4.10 -0.01 191 Ahmad Zaki Res Alliance Finan Advance Synerg Aluminium Co unch unch 0 Amalgamated In .........unch unch 0 Amcorp Pro1,407 words
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Page 12 Advertisements
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Advertisement58 2014-02-03 12 mm Sl$ ■J 0 ASIA’S LARGEST' Educational Kids’ Fair join us at Asia's Largest Education Fair! Singapore Expo Hall 5 21 -23 March 2014 BOOK NOW! Limited Booths available! 1 ryi ma £4? W For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008 939158 words
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Advertisement31 2014-02-03 12 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 MORE31 words
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GREATER CHINA/INDIA
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Article, Illustration489 2014-02-03 13 SC YEUNG - Govt is on the brink of rolling out an incentive package for the industry By SC YEUNG EJ Insight [HONG KONG] China may be the heart of global gadget manufacturing, but it’s a long way off from being the brains of theEJ Insight; PHOTO: REUTERS - 489 words
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260 2014-02-03 13 AFP [NEW DELHI] Tourists travelling to India from up to 180 countries will no longer have to queue up at their local consulates to obtain visas under reforms expected to be approved this week, local media reported yesterday. Most foreigners currently haveAFP - 260 words
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Article, Illustration698 2014-02-03 13 AFP [NEW DELHI] Tata Motors is launching two models this week for India’s Auto Expo, but the sudden death of its operations chief has left the vehicle giant in turmoil as it struggles to rebuild its fortunes. Tata Motors, aAFP; PHOTO: BLOOMBERG - 698 words
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Article, Illustration799 2014-02-03 13 Oil minister moves fast after taking over environment Reuters [NEW DELHI] Veerappa Moily has two seemingly incompatible jobs. As oil minister, he has overseen India’s petroleum and natural gas needs. But now he also runs the environment ministry, where he has issued permitsReuters; PHOTO: REUTERS - 799 words
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Page 13 Advertisements
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Advertisement135 2014-02-03 13 Myanmar Civil Aviation Development Conference 2014 24 26 March 2014 I Yangon, Myanmar Group booking is available too! Enjoy up to 20% discount* if you sign up in groups of 3 or 6. Terms and conditions apply To register, visit www.mcadc.sphereconferences.com or contact Jiahui at jiahui@sphereconferences.com or +65 6848 5378135 words
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Advertisement18 2014-02-03 13 www.o my^sg|| f 4 V #1 3 L s 03 iliAfl*-) lifestyle.omy.sg 3 Ijy!.";[!! 0vte jmm 0>h;0 Hess18 words
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WORLD
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Article, Illustration746 2014-02-03 14 ANTHONY ROWLEY - Proposals include setting up infrastructure bank, listing foreign company stocks and derivatives By ANTHONY ROWLEY in Tokyo WITH attention riveted on emerging market turbulence triggered by the US Federal Reserve’s monetary tapering, plans detailed last week to transform Tokyo intoPHOTO: BLOOMBERG - 746 words
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530 2014-02-03 14 Bloomberg [NEW YORK] The Tel Aviv Stock Exchange is trying to give local investors a taste of the rally in technology stocks that they missed. The Tase, as the exchange is known, said last week that it’s looking to create an index thatBloomberg - 530 words
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701 2014-02-03 14 Move could also void its interest-rate swaps contracts Reuters [DETROIT] Detroit has filed a lawsuit in US bankruptcy court seeking to invalidate US$1.44 billion of debt sold to fund public worker pensions a move that also could void the ill-fated inter-est-rate swaps contractsReuters - 701 words
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808 2014-02-03 14 Biodiesel’s impact on food prices sparks EU rethink Reuters [PARIS] Anti-dumping duties on biodiesel imports into Europe have rekindled output but revival of the industry will be capped by uncertainty over EU fuel policy after a shift in public opinion over biofuels,Reuters - 808 words
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Article, Illustration878 2014-02-03 15 India central bank, IMF urge vigilance given strains in financial markets Reuters [NEW YORK] The Federal Reserve’s decision to keep trimming its economic stimulus drew fire as India’s central bank chief said that Americans should be more attuned to the global impact of their policies,Reuters; PHOTO: BLOOMBERG - 878 words
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1057 2014-02-03 15 They mitigate risks by hedging foreign currency exposure Reuters [LONDON] International companies are taking steps to mitigate the effects of the turmoil in emerging markets, including hedging foreign currency exposure more aggressively, reducing some investment plans, cutting costs and raising prices frequently.Reuters - 1,057 words
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613 2014-02-03 15 Bloomberg [NEW YORK] Virtual-currency firms should face regulations that are tougher than those for established finan-cial-services providers because of their ability to hide criminal activity, according to law enforcement officials. “Without stronger government oversight, we are allowing cybercriminals, identity thieves, traffickers ofBloomberg - 613 words
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Article, Illustration746 2014-02-03 16 Plaintiffs: Conspiracy to fix prices caused ‘widespread’ injury to consumers Bloomberg [MANHATTAN] Apple faces as much as US$840 million in state and consumer antitrust claims related to elec-tronic-book deals with publishers that led to a US lawsuit and court-ordered monitor. StateBloomberg; PHOTO: BLOOMBERG - 746 words
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Article, Illustration488 2014-02-03 16 Reuters [ZURICH] The Swiss National Bank (SNB) would only consider scrapping its minimum exchange rate of 1.20 Swiss francs per euro if inflation were much higher and there was less upward pressure on the currency, its vice-chairman was quoted as saying yesterday.Reuters; PHOTO: REUTERS - 488 words
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314 2014-02-03 16 AFP [ANGOULEME, France] Japan has expressed its “regret” at a South Korean exhibit at an international comic book festival in France featuring “comfort women” forced into wartime sex slavery in Japanese military brothels. Japan’s ambassador to France, Yoichi Suzuki, said he “deeply regrets that thisAFP - 314 words
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253 2014-02-03 16 Judge rejects some investors’ demands to void it AFP [WASHINGTON] A US judge has approved a US$8.5 billion settlement between Bank of America and a group of investors for losses on dodgy mort-gage-backed securities whose collapse triggered the 2008 financial crisis. JusticeAFP - 253 words
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257 2014-02-03 16 Bloomberg [SEOUL] South Korean regulators will order three consumer finance companies to suspend operations for three months as early as Feb 14 after the nation’s biggest theft of data on credit card holders, an official said. The Financial Services Commission plansBloomberg - 257 words
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Article, Illustration530 2014-02-03 16 Bloomberg [WASHINGTON] Billionaires Alice Walton, George Soros and Marc Benioff are helping to finance a superpolitical action committee (PAC) encouraging former US Secretary of State Hillary Clinton to run for president, according to a report filed on Friday with the Federal Election Commission. EachBloomberg - 530 words
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Article, Illustration1008 2014-02-03 17 Some politicians even call for more consideration to military deployments NYT [BERLIN] Alarmed by crises from Ukraine to Africa, and stung by revelations about pervasive US intelligence activity, Germany is beginning a new debate about adopting a more muscular foreign policy. Some leaders areNYT; PHOTO: REUTERS - 1,008 words
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Article, Illustration553 2014-02-03 17 Rising oil import cost a major cause of worsening trade gap NYT [NEW YORK] Japan posted a third consecutive trade deficit in 2013, providing more evidence that the power of the Japanese export machine has faded. The government reported a trade deficitNYT; PHOTO: AFP - 553 words
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Article, Illustration428 2014-02-03 17 NYT [WASHINGTON] The Federal Communications Commission (FCC) will double the amount of money it devotes to adding high-speed Internet connections in schools and libraries over the next two years, in an effort to meet President Barack Obama’s promise to provide broadband serviceNYT - 428 words
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277 2014-02-03 17 Bloomberg [DUBAI] Arabtec Holding has won a 22.44 billion dirham (S$7.8 billion) contract from Aabar Properties to build 37 towers in Dubai and Abu Dhabi, it said in a statement yesterday. The shares climbed 6.1 per cent. The deal includes the construction ofBloomberg - 277 words
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Article, Illustration755 2014-02-03 18 New social networks up the ante, vying to be the coolest thing on the Internet AFP [SAN FRANCISCO] Sixteen-year-old Owen Fairchild doesn’t hang out at Facebook as much as he did when he was just a kid. It is not thatAFP; PHOTO: BLOOMBERG - 755 words
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Article, Illustration592 2014-02-03 18 Some obstacles will drag Q4 profit to less than forecast Bloomberg [NEW YORK] Doug McMillon’s first day as chief executive officer of Wal-Mart Stores Inc, the world’s largest retailer, promises to be a busy one. The 47-year-old head of the company’s internationalBloomberg; PHOTO: REUTERS - 592 words
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Article, Illustration918 2014-02-03 18 NYT [LOS ANGELES] The punishing drought that has swept California is now threatening the state’s drinking water supply. With no sign of rain, 17 rural communities providing water to 40,000 people are in danger of running out of water within 60 to 120 days.NYT; PHOTO: AFP - 918 words
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408 2014-02-03 18 Bloomberg [WASHINGTON] On the heels of last week’s decision by the Federal Reserve to trim stimulus, central banks in Europe will probably maintain a steady course this week. The European Central Bank and the Bank of England will hold their key rates atBloomberg - 408 words
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672 2014-02-03 19 Lifestyles in Internet age are shifting to being online while on the move AFP [SAN FRANCISCO] Ads are evolving from blaring TV spots to nudges from smartphones that know where people are, what they like and what they might be in the moodAFP - 672 words
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Article, Illustration541 2014-02-03 19 Reu ters [FRANKFURT] Investors including US hedge fund Elliott Associates have escalated a legal battle against members of Porsche’s supervisory board by seeking 1.8 billion euros (S$3.1 billion) in damages from Wolfgang Porsche and his cousin Ferdinand Piech. The most recent lawsuitReuters; PHOTO: AFP - 541 words
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220 2014-02-03 19 Reuters [ZURICH] Swiss drugs group Novartis is planning to cut or transfer up to 4,000 jobs, newspaper NZZ am Sonntag reported yesterday, citing an internal email. The plan that will affect up to 6 per cent of its pharmaceuticals workforceReuters - 220 words
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Article, Illustration699 2014-02-03 19 Protesters also appeal for Western financial aid AFP [KIEV] Ukraine’s opposition on Sunday called for international mediation and appealed for Western financial aid for the first time in their protests against President Viktor Yanukovych. As tens of thousands of people rallied in Kiev, box-er-turned-politicianAFP; PHOTO: AFP - 699 words
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434 2014-02-03 19 WP [TOKYO] Japanese scientist Haruko Obokata’s achievements in the production of stimulus-triggered acquisition of pluripotency (STAP) cells have helped shed light on the need to improve conditions for female researchers and university students in the sciences. Dr Obokata, 30, a research unit leader atWP - 434 words
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Page 15 Advertisements
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Advertisement440 2014-02-03 15 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices DECLARATION OF CASH DISTRIBUTION Greenship Bulk Manager Pte. Ltd. (Company Registration No. *****3517C), as Trustee-Manager of Greenship Bulk Trust (Singapore Business Trust Registration No.: *****03, the “Trust”), would like to inform the unitholders of the Trust that, pursuant to a Director’s Resolution440 words
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Advertisement61 2014-02-03 17 Win attractive cash prizes when you sign up/renew your ShareInvestor membership plan. It is a sure-win if you select the right horse! 幸 Lucky Draw Prizes Catch the winning horse at http://notice.shareinvestor.com/fortunerace *Terms and conditions apply. ShareInvestor hereby wishes you a prosperous and winning year of the Horse. For more61 words
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AVIATION/SHIPPING
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824 2014-02-03 20 Eight lenders have over 100b euros of ship loans on their books: Moody’s Reuters [FRANKFURT] As the European Central Bank (ECB) prepares to test the resilience of the region’s lenders, few look as exposed as Germany’s shipping banks. Before the financial crisis, manyReuters - 824 words
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477 2014-02-03 20 AFP [JOHANNESBURG] Hapless and helpless, South Africa’s struggling national carrier awaits news on a state cash injection which is vital to stay in the skies, but which also shows up its inability to make money. Eighty years after its creation, loss-making SouthAFP - 477 words
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Article, Illustration750 2014-02-03 20 Airline targets 5% hike, vs projected industrywide gain of 2.9% Bloomberg [FRANKFURT] Deutsche Lufthansa AG, Europe’s second-largest airline, said it plans to increase freight volumes faster than rivals this year as bigger planes join the fleet and some carriers cease competing as fiercely.Bloomberg; PHOTO: BLOOMBERG - 750 words
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404 2014-02-03 20 They are hoping to get off the ground in about a year Reuters [MIAMI] A group of investors, betting the long-shut-tered Eastern Air Lines’ logo and other trademarks will jump-start a new airline of the same name, last week filed applications withReuters - 404 words
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Article238 2014-02-03 20 SGX '000 Jan 30 S$ +/-Vol Ch Offshore 0.42 -0.01 104 Chuan Hup Hldg 0.26 unch 74 Jan 30 Cwt Limited................1.30 -0.01 165 First Ship Lea Grand Banks 0.23 unch 200 Jaya Hold Ltd K1Ventures 0.19 unch 567 Keppel Corp 10.40 -0.14 6087 Mercator Lines unch unch 0238 words
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Page 20 Advertisements
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Advertisement17 2014-02-03 20 &ik Llanhe Zaobao SGX's dynamic circuit breaker will create arbitrage opportunities 5 S m a 1 Jm17 words
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Page 20 Miscellaneous
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Miscellaneous281 2014-02-03 20 CRYPTIC CROSSWORD Across 1 Official providing payment for services to employees (8) 6 Cash difference (6) 9 Master tricky current (6) 10 Put to the test again and evidently found wanting (8) 11 Snail, say, is about to show resolution (8) 12 An egg I cracked, no longer fresh (6)281 words
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DINING OUT
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Article, Illustration824 2014-02-03 21 JAIME EE - Venetian-styled bacaro serves up both a comprehensive menu as well as your tipple of choice, writesJAIME JAIME EE jaime@sph.com.sg NEW RESTAURANT &Sons 20 Cross Street, China Square Central #01-19 Tel: 6221 3937 Open Mon to Fri: 11 am to 12am. Lunch from 11.30am to 2.30pm; Dinner824 words
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Advertisement80 2014-02-03 21 IFBO VIETNAM 2014 International Franchise Business Opportunities 28-30 May 2014 Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam Vietnam A strong lure for foreign companies Rising incomes, Emerging middle class, Demand for"premium" j brands Exhibit Now! Request for the floor plan and participating rates! Book early to reserve80 words
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Advertisement5 2014-02-03 21 NOW! *****620 or Email: sales@exhibitsinc.com.sg5 words
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Advertisement120 2014-02-03 21 JANUARY ISSUE OUT NOW! YOUNG PARENTS TODDLER SEMINAR 2014 TOPICS Secrets to raising a bilingual kid Good sleep smarter kids Break the picky eating habit What to do when you can’t get Baby No. 2 WHEN Feb 15, 2014 (Sat), 1pm-4pm WHERE Orchard Hotel Level 3, Grand Ballroom HOW MUCH120 words
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Advertisement48 2014-02-03 21 Exhibit and sell your products and services to thousands of women with buying power. Ladies’ Expo is set to deliver the mid-to high-end platform for a showcase of the most posh and chic in beauty, fashion, nutrition, health, wellness, sports, fitness, shopping and more! *****620 or Email: sales@exhibitsinc.com.sg48 words
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Article2246 2014-02-03 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 THE2,246 words
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Advertisement132 2014-02-03 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 H132 words
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Advertisement135 2014-02-03 22 V"\ r 40* new RtPO pT EPC fgl Services we provide; Transportation/Haulage Mechanical Repairs Pre Delivery Inspection Refurbishment Accessory Fittings Washing Storage/Preservation Yard Management Wallenius Wilhelmsen Logistics Singapore Pte Ltd Tel: (65) 6379 5166 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com Website: http://www.2wglobal.com FREIGHT LINKS EXPRESS Customer Service Contact: *****535, *****553,135 words
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Advertisement121 2014-02-03 23 mporters coking 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 TO ADVERTISE. CALL JOE WONG AT 9620 1327 Can they find your services here in the Shipping Times? Celebrate Your Project Completion121 words
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Advertisement18 2014-02-03 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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SINGAPORE STOCKS
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Article3402 2014-02-03 24 Week ended: Jan 30 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 Company Last 14 11.5 8Telecom Vol ('000) 11.5 7 AEM --AAT Div GrYld C'vr 188 106 AIMSAMPIReit .............................144.5cd +2.5 2121 1453,402 words
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Article352 2014-02-03 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 $mil Last Vol 2.4 1.1 t Advanced System 1.2 unch 1545 1.2 1.2 1.2 1.3 21.1 Last Quote Div Gr Yld Net M Cap High352 words
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Article118 2014-02-03 25 Stock name Close Change CapMallsAsia 1.760 -0.035 CapitaLand 2.760 -0.040 CapitaMall 1.870 -0.010 CityDev 8.750 -0.250 ComfortDelGro 1.935 -0.025 DBS Grp 16.47 -0.050 GLP 2.810 -0.020 Genting SP 1.380 -0.030 Golden Agri 0.520 +0.005 HK Land 6.020 -0.050 Stock name Close Change HPH Trust US$ 0.665118 words
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Article2005 2014-02-03 25 HONG KONG Vol HK$ +/-'000 Jan 30 Aeon Credit '000 Aeon Stores 9.65 unch 37 Angang Steel 4.94 -0.05 4316 Anhui Conch Anhuiexpresswa 3.98 -0.03 348 Asia Satellite 30.00 -0.50 12 Asm Pacific Aeon Stores Avic Int'L unch Baiyunshan Ph Bank Of China 3.29 -0.02 *****6 Bank Of2,005 words
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Article264 2014-02-03 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 $mil 61 34.4 AVJennings A56 -1.5 26 56.5 56 56 58 3.6 6.3 4.5 207.3 52 35.5 Genting HK US$ US41.5 unch ***** 41.5 40.5 41 41.5 2732.6264 words
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Article186 2014-02-03 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 10 2 0 0 0 2 10 2 Manufacturing 29 100 32 8 16 6 37 116 38 Commerce 10 45 13 2 12 0 12 57 13 Tpt/Stor/Comms 8 29 5186 words
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Article1073 2014-02-03 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 $mil 121 108.3 ABF SG Bond ETF Last 143 120 CIMB APAC Div 100S$D 120 -4 0 120 120 114.4 96.5 CIMB APAC Div 100US$ US96.5 10.11,073 words
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Article123 2014-02-03 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 78,968 78,968 345,239 345,239 Manufacturing 1,282,733 456,219 1,738,952 494,940 22,625 517,565 Commerce 604,756 1,036,535 1,641,291 382,670 84,815 467,485 Tpt/Stor/Comms 311,218 8,604 319,822 613,950 914 614,864 Finance 111,715 276 111,991 819,752 79 819,831 Construction 173,651 676,128123 words
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Advertisement26 2014-02-03 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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Article588 2014-02-03 26 Jan 31 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.23 *****.88 *****.57 Mar14 *****.00 *****.00 *****.00 *****.00 *****1 *****3 Jun14 *****.00 286 2995 MSCI TAIWAN INDEX FUTURES SPOT 297.54 297.54 297.54 Feb14 0 *****3 Mar14 0 36 CNX NIFTY INDEX FUTURES SPOT 6082.75588 words
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373 2014-02-03 26 In local curr In S$ In US$ dy yr dy yr dy yr Jan 31 Index Change Change Change Change Change Change World Preliminary 1146.4 -0.4 -3.2 -0.2 -2.5 -0.5 -3.7 EAFE Preliminary 923.7 -0.3 -3.4 -0.3 -2.9 -0.5 -4.1 Europe Preliminary 1323.6 -0.4 -2.3373 words
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Article471 2014-02-03 26 Jan 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.977 5.287 0.640 6.780 54.702 106.758 0.894 9.347 2.921 1.069 91.964 39.534 1.114 9.853 0.783 26.503 28.795 0.528 0.873 Canada 1.024 5.414471 words
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Article34 2014-02-03 26 Jan 30 (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 Reuters34 words
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Article84 2014-02-03 26 Jan 30 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-16 101.55 5-Year NX*****W 2.5 01-Apr-18 104.72 104.90 104.70 10-Year NX*****H84 words
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Article137 2014-02-03 26 Jan 30 GOLD(US$/oz) Jan 30 Jan 29 Hong Kong 1262.09 1252.00 Jan 31 Jan 30 London 1242.20 1252.50 1243.15 1253.55 Source: Thomson Reuters CAST BAR Jan 30 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 117 52 5gm 331 259 10gm 592 518137 words
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Article57 2014-02-03 26 Jan 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 14 2529.0 2535.0 2535.0 2529.0 6 1424 Mar 14 2530.0 2541.0 2564.0 2529.0 667 ***** Apr 14 2533.0 2544.0 2567.0 2532.0 4748 ***** May 14 2529.0 2539.057 words
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Article155 2014-02-03 26 Jan 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1138 1.1149 0.8729 0.8733 Canadian dollar 1.1406 1.1412 0.8940 0.8939 Euro 1.7405 1.7417 1.3640 1.3643 NZ dollar 1.0422 1.0435 0.8168 0.8174 Sterling pound 2.1105 2.1121 1.6540 1.6545155 words
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Article109 2014-02-03 26 Jan 31 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1282.75 1275.00 1284.50 1271.50 May 14 1268.50 1261.00 1270.00 1257.75 Jul 14 1252.00 1246.00 1253.00 1242.25 Aug 14 1210.50 1205.50 1211.00 1201.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14109 words
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Article94 2014-02-03 26 Jan 31 COCOA (£/tonne) Close Prev High Low Mar 14 1844 1849 1865 1842 May 14 1831 1839 1855 1830 Jul 14 1826 1832 1847 1824 Sep 14 1818 1823 1836 1816 COFFEE(US$/tonne) Close Prev High Low Jan 14 1819 1819 1785 1785 Mar 14 1811 1774 1827 178694 words
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1331 2014-02-03 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 36 -4 172 0.0 5 -88 54 Asia-Pacific Strategic W*****6 0.4 unch 141 1 123 187 107.50 4 Acma Ltd W*****7 Exer Albedo Limited W*****9 Prem Ascendas Reit1,331 words
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Article70 2014-02-03 26 CRUDE OIL PRODUCTS Jan 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.32 0.32 WTI (Near Mth) 97.94 0.73 Dubai (1-Mth F) 104.13 0.65 Tapis blend 115.42 0.84 Minas 108.42 0.84 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.64 0.45 Jet Kerosene 122.21 0.38 US$/barrel OpecOil Basket70 words
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Article22 2014-02-03 26 Jan 30 S$ Bid Offer 1-month 1.2760 1.2766 2-months 1.2760 1.2766 3-months 1.2759 1.2766 6-months 1.2757 1.2763 Source: OCBC22 words
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Article66 2014-02-03 26 Jan-31 Jan-31 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1663.25 1697.50 3 months 1706.00 1742.00 Copper, Grade A(US$/tonne) Cash 7096.00 7154.50 3 months 7065.00 7127.00 Lead(US$/tonne) Cash 2094.75 2127.00 3 months 2114.00 2142.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months66 words
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Article121 2014-02-03 26 As at 9am Jan 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.142 1.088 Can dollar 1.164 1.120 Euro 1.786 1.701 Sterling pound 2.154 2.072 NZ dollar 1.074 1.033 US dollar 1.304 1.242 Local dollars to 100 units of foreign121 words
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Article157 2014-02-03 26 Jan 30 $S Offer Bid 0vernight 0.03 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 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 12157 words
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BizIT THE USINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration1492 2014-02-03 27 AMIT ROY CHOUDHURY - The company also say it is uniquely poised to help customers use big data to solve problems, reportsAMIT <the BizIT interview> AMIT ROY CHOUDHURY amit@sph.com.sg MARK Hurd, Oracle’s co-presi-dent and director, is not very enamoured by catchy IT keywords such as cloud, big data,1,492 words
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Article, Illustration913 2014-02-03 27 ADELINE TAN - By ADELINE TAN DRIVEN by the need for greater cost and time efficiency, financial institutions and large enterprises in Asia are starting to tap the public cloud for mis-sion-critical systems, says Michael Kiss, senior consultant with Verizon Enterprise Solutions. Such systems,913 words
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603 2014-02-03 27 US$2.91 b deal to help it diversify from PC to smartphone AFP [BEIJING] In 1984, with only US$25,000 in Chinese government funding and a dusty 20 square metre bungalow as their headquarters, a small group of scientists in Beijing founded a firmAFP - 603 words
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