The Business Times, 3 February 2014

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Total Pages: 28
1 28 The Business Times
  • 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 Monday, February 3, 2014
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  • 1188 1  -  Australia, UK, US hot spots; US$3.5b invested abroad in first 9 months of last year By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] Firms have ramped up their geographical diversification efforts in recent months in a bid to escape Singapore’s prohibitive property cooling measures. In the opening
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,027.22 -48.77 KL COMP 1,804.03 +1.46 NIKKEI 225 14,914.53 -477.03 HANG SENG 22,035.42 -414.64 SET INDEX 1,274.28 -40.35 JAKARTA COMP 4,418.76 -18.58 MANILA COMP 6,041.19 -150.31 SEOUL COMP 1,941.15 +0.59 SHENZHEN B 850.11 -12.77 MUMBAI IND 20,513.85 -619.71 DOW 15,698.85 -180.26 NASDAQ 4,103.88 -24.29 S&P
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    • 21 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 TAIWAN INDONESIA 14.812 TAIWAN BRITAIN JAPAN 1.475 KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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    • 49 1 US$ 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 0.946
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  • 588 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 and
    Reuters; PHOTO: REUTERS  -  588 words
  • Page 1 Advertisements
    • 85 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,
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  • TOP STORIES
    • 1965 2  -  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 report
      PHOTO: BLOOMBERG  -  1,965 words
    • 300 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. FRONT
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    • 553 3  -  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 where
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    • 623 3  -  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 had
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  • Page 3 Advertisements
    • 90 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,
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  • COMPANY NEWS
    • 826 4  -  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 the
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    • 902 4  -  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 a
      PHOTO: STOCK.XCHNG  -  902 words
    • 278 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 0.40
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    • 1815 5  -  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 outnumbered
      Source: Asia Insider Ltd  -  1,815 words
    • 510 5  -  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 engineering
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    • 287 5  -  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 the
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  • Page 5 Advertisements
    • 257 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 under
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  • SINGAPORE MARKETS
    • 742 6  -  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 would
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    • 545 6  -  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;
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    • 500 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 since
      Bloomberg  -  500 words
    • 119 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 BND
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    • 130 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 -141.4
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    • 1511 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 2.29
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    • 5 6 WEEKLY
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    • 4 6 WEEKLY
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    • 77 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 FTSE
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    • 56 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 CapitaLand
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  • Page 6 Advertisements
    • 104 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/solicitation
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  • SINGAPORE NEWS
    • 1024 7  -  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, they
      PHOTO: YEN MENG JIIN  -  1,024 words
    • Article, Illustration
      221 7  -  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 new
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    • 298 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 a
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    • 125 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 Level
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    • 997 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 ES
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  • Page 7 Advertisements
    • 31 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 tn
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  • VIEWS FROM THE TOP
    • 5251 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 scale
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  • Page 9 Advertisements
    • 159 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-
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 2446 10  -  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,” comes
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    • 491 10  -  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 given
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  • Page 10 Advertisements
    • 113 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 to
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  • Page 11 Advertisements
    • 441 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 St
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  • MALAYSIA/INDONESIA
    • 588 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 commodity
      Reuters  -  588 words
    • 498 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. Beijing
      Reuters  -  498 words
    • 542 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$2 billion IPO of its power assets has been delayed after bids came in
      Reuters; PHOTO: REUTERS  -  542 words
    • 1407 12 VOL Jan 30 RM +/-(‘000) Abric Bhd Cooo) Advance Synerg unch unch 0 Adventa Bhd 1.01 -0.03 47 Ae Multi Hldgs unch unch 0 Affin Holdings 4.10 -0.01 191 Ahmad Zaki Res Alliance Finan Advance Synerg Aluminium Co unch unch 0 Amalgamated In .........unch unch 0 Amcorp Pro
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  • Page 12 Advertisements
    • 58 12 mm Sl$ ■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 9391
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    • 31 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 MORE
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  • GREATER CHINA/INDIA
    • 489 13  -  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 the
      EJ Insight; PHOTO: REUTERS  -  489 words
    • 260 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 have
      AFP  -  260 words
    • 698 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, a
      AFP; PHOTO: BLOOMBERG  -  698 words
    • 799 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 permits
      Reuters; PHOTO: REUTERS  -  799 words
  • Page 13 Advertisements
    • 135 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 5378
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    • 18 13 www.o my^sg|| f 4 V #1 3 L s 03 iliAfl*-) lifestyle.omy.sg 3 Ijy!.";[!! 0vte jmm 0>h;0 Hess
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  • WORLD
    • 746 14  -  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 into
      PHOTO: BLOOMBERG  -  746 words
    • 530 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 that
      Bloomberg  -  530 words
    • 701 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 contracts
      Reuters  -  701 words
    • 808 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
    • 878 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
    • 1057 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
    • 613 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 of
      Bloomberg  -  613 words
    • 746 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. State
      Bloomberg; PHOTO: BLOOMBERG  -  746 words
    • 488 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
    • 314 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 this
      AFP  -  314 words
    • 253 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. Justice
      AFP  -  253 words
    • 257 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 plans
      Bloomberg  -  257 words
    • 530 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. Each
      Bloomberg  -  530 words
    • 1008 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 are
      NYT; PHOTO: REUTERS  -  1,008 words
    • 553 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 deficit
      NYT; PHOTO: AFP  -  553 words
    • 428 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 service
      NYT  -  428 words
    • 277 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 of
      Bloomberg  -  277 words
    • 755 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 that
      AFP; PHOTO: BLOOMBERG  -  755 words
    • 592 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 international
      Bloomberg; PHOTO: REUTERS  -  592 words
    • 918 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
    • 408 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 at
      Bloomberg  -  408 words
    • 672 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 mood
      AFP  -  672 words
    • 541 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 lawsuit
      Reuters; PHOTO: AFP  -  541 words
    • 220 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 workforce
      Reuters  -  220 words
    • 699 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-politician
      AFP; PHOTO: AFP  -  699 words
    • 434 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 at
      WP  -  434 words

  • Page 15 Advertisements
    • 440 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 Resolution
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  • Page 17 Advertisements
    • 61 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 more
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  • AVIATION/SHIPPING
    • 824 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, many
      Reuters  -  824 words
    • 477 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 South
      AFP  -  477 words
    • 750 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
    • 404 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 with
      Reuters  -  404 words
    • 238 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 0
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  • Page 20 Advertisements
  • Page 20 Miscellaneous
    • 281 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)
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  • DINING OUT
    • 824 21  -  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; Dinner
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  • Page 21 Advertisements
    • 80 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 reserve
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    • 5 21 NOW! *****620 or Email: sales@exhibitsinc.com.sg
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  • Page 23 Advertisements
    • 121 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 Completion
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    • 18 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • 3402 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 145
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    • 352 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 $mil Last Vol 2.4 1.1 t Advanced System 1.2 unch 1545 1.2 1.2 1.2 1.3 21.1 Last Quote Div Gr Yld Net M Cap High
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    • 118 25 Stock name Close Change CapMallsAsia 1.760 -0.035 CapitaLand 2.760 -0.040 CapitaMall 1.870 -0.010 CityDev 8.750 -0.250 ComfortDelGro 1.935 -0.025 DBS Grp 16.47 -0.050 GLP 2.810 -0.020 Genting SP 1.380 -0.030 Golden Agri 0.520 +0.005 HK Land 6.020 -0.050 Stock name Close Change HPH Trust US$ 0.665
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    • 2005 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 Of
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    • 264 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 2732.6
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    • 186 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 5
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    • 1073 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 10.1
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    • 123 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 173,651 676,128
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  • Page 25 Advertisements
    • 26 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 TIMES
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  • FINANCE & COMMODITIES
    • 588 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 6082.75
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    • 373 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 -2.3
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    • 471 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 5.414
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    • 34 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 Reuters
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    • 84 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*****H
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    • 137 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$) Selling Buying 1gm 117 52 5gm 331 259 10gm 592 518
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    • 57 26 Jan 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 14 2529.0 2535.0 2535.0 2529.0 6 1424 Mar 14 2530.0 2541.0 2564.0 2529.0 667 ***** Apr 14 2533.0 2544.0 2567.0 2532.0 4748 ***** May 14 2529.0 2539.0
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    • 155 26 Jan 30 Against S$ 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 1.6545
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    • 109 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 14
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    • 94 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$/tonne) Close Prev High Low Jan 14 1819 1819 1785 1785 Mar 14 1811 1774 1827 1786
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    • 1331 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 36 -4 172 0.0 5 -88 54 Asia-Pacific Strategic W*****6 0.4 unch 141 1 123 187 107.50 4 Acma Ltd W*****7 Exer Albedo Limited W*****9 Prem Ascendas Reit
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    • 70 26 CRUDE OIL PRODUCTS Jan 30 CRUDE (FOB origin) US$/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 Basket
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    • 22 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: OCBC
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    • 66 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 months
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    • 121 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 foreign
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    • 157 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 12
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  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • 1492 27  -  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
    • 913 27  -  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
    • 603 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 firm
      AFP  -  603 words

  • Page 28 Advertisements
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