The Business Times, 4 February 2014

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Microfilm: NL32979
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Spi A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, February 4, 2014
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  • Article
    Lock icon Results of productivity push under question
    1084 1  -  Take-up rate of PIC scheme, especially among smaller firms, needs to improve BUDGET 2014 By KELLY TAY kellytay@sph.com.sg [SINGAPORE] So much has been spent to achieve apparently so little it could well be time to take stock of just how effective the help rolled
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 2,990.95 (-36.27) HST INDEX FUTURES 2,989.00 (-37.00) HSIMSCI 341.42 (-3.33) HSIMSCI FUTURES 340.70 (-3.70) US$ S$ US$ (S$ per US$) 1.277 (US$/S$ per 1.640 2.093 EURO (US$/S$/€ 1.348 1.721 Foreign currency per US$ S$ YEN 102.20 80.00 RM 3.347 2.621 HK$ 7.764 6.082 BAHT 32.96 25.82 RUPIAH
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    • Article
      Lock icon MARKETS
      45 1 Monday Change KL COMP Closed NIKKEI 225 10,834.99 -199.67 HANG SENG Closed SET INDEX 1,292.81 +18.53 JAKARTA COMP 4,386.26 -32.50 MANILA COMP 6,015.30 -25.89 SEOUL COMP 1,919.96 -21.19 SHENZHEN B Closed MUMBAI IND 20,209.26 -304.59 11am EST Change DOW 15,548.12 -150.73 NASDAQ 4,059.82 -44.06
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA KOREA TAIWAN 5.036 JAPAN 1.475 KOREA INDIA BRITAIN Source: Bloomberg
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  • Article, Illustration
    Lock icon STI falls below support level of 3,000 points
    738 1  -  Analysts confident of rebound, citing sound fundamentals By haoxiang@sph.com.sg CAI HAOXIANG haoxiang@sph.com.sg [SINGAPORE] Singapore’s benchmark Straits Times Index (STI) fell below the psychological support level of 3,000 points yesterday, a place it has not been for more than a year. It closed
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      229 1 S’PORE NEWS Self-storage firms thrive on space crunch PAGE 8 SME Inc Click, edit and order prints from home PAGE 9 HOCK LOCK SIEW Expanding Yoma faces new landscape PAGE 4 COMMENTARY Obama signals a changed emphasis PAGE 19 8 II *****1 II *****4 Preparing for transitions in the new
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  • TOP STORIES
    • Article, Illustration
      Lock icon China figures point to economy slowing down
      637 2  -  CNY shutdowns and backdrop of reforms show trending down of fiscal indicators By VIRGINIE MANGIN in Beijing CHINA’S official services sector Purchasing Managers Index (PMI) fell to a five-month low in January, confirming the world’s sec-ond-largest economy is slowing as the government continues
      PHOTO: REUTERS  -  637 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      308 2 Productivity push results under question A CLOSER look at the business community’s hopes for Budget 2014 reveals that most are asking for tweaks to schemes already in place. FRONT PAGE STI falls below support level of 3,000 THE STI fell below the psychological support of 3,000 points, a
      308 words
    • Article
      Lock icon Manufacturing growth slows in January
      721 2 New export orders decline for first time since October LATEST US DATA the month. Bloomberg, Reuters [NEW YORK] Factory activity in the United States expanded in January at the weakest pace in eight months as orders slumped, a sign manufacturing cooled at the start of
      the month. – Bloomberg, Reuters  -  721 words
    • Article, Illustration
      Lock icon Thai stocks, baht advance after voters defy protesters
      648 2 Bloomberg [BANGKOK] Thailand’s baht rose the most in three weeks yesterday and stocks gained after voters defied protesters’ efforts to disrupt polls and cast ballots across 90 per cent of the country on Sunday without triggering major violence. The currency strengthened 0.2
      Bloomberg; PHOTO: BLOOMBERG  -  648 words
    • Article, Illustration
      Lock icon S’pore brand to ride on WTA event: STB
      603 2  -  Agency prepares to ramp up efforts to plug prestigious tournament here and abroad By LEE U-WEN By leeuwen@sph.com.sg [SINGAPORE] That Singapore will be home to the prestigious Women’s Tennis Association (WTA) Championships for five straight years the longest run for a host
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    • Article, Illustration
      Lock icon Proposals to change waste mgmt model
      716 3  -  SEAS also outlines business case for solar power among others By GRACE LEONG gleong@sph.com.sg [SINGAPORE] Legislation that requires large waste producers to report and segregate the waste they generate and the introduction of acceptable standards for biomass power plants to maximise energy extraction are
      FILE PHOTO  -  716 words
    • Article, Illustration
      Lock icon Euleen Goh among two women nominated to Shell board
      436 3  -  By RONNIE LIM ronnie@sph.com.sg ROYAL Dutch Shell intends to bring two new female members including Singaporean Euleen Goh to its board of directors, which currently counts only Linda Stuntz among its 12 directors. The oil giant indicated this as it announced
      FILE PHOTO; PHOTO: BLOOMBERG  -  436 words
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      209 3 School of Accountancy in CFO Leadership From Finance Leader to Business Partner Make Your Mark in Every Role SMU Master of Science The Master of Science in CFO Leadership programme at Singapore Management University is the first postgraduate degree programme specially designed to develop CFOs and finance leaders for today’s
      209 words
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      131 3 ■*v r e > Six Battery Rd Suntec Tower 3 pinancia? Centre PSA Building WORLD’S FINEST SERVICED OFFICES SERVICED OFFICES For the 1-10 man business VIRTUAL OFFICE Everything but the Office Fully furnished prestigious offices Business registration offices available Dedicated receptionist answering your calls the way you would like Meeting
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Yoma faces new landscape on its path of diversification
      739 4  -  HOCK LOCK SIEW By KENNETH LIM kenlim@sph.com.sg ANDREW Rickards, the chief executive of Yoma Strategic Holdings, is fond of telling people that he wants to turn the real estate company into the Jardine Matheson of Myanmar. His choice of Jardine Matheson,
      PHOTO: REUTERS  -  739 words
    • Article
      Lock icon Sembcorp buys into Indian power project for $175m
      443 4  -  By LEE MEIXIAN leemx@sph.com.sg SEMBCORP Industries has agreed to acquire 45 per cent of India’s NCC Power Projects (NCCPP) for 8.48 billion rupees (S$175 million), and will ink further agreements to take up another 20 per cent to make up a majority
      443 words
    • Article
      Lock icon BT Random Fund outperforms STI in Jan
      821 4  -  Emerging market worries send world markets and STI down 3.8% and 4.4% By CAI HAOXIANG haoxiang@sph.com.sg THE BT Random Fund, along with the rest of the Singapore market and most parts of the world, got off to a rough start in 2014. Our
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    • COMPANY BRIEFS
      • Article
        Lock icon Swiber clinches 5 deals worth US$235m
        89 5 SWIBER Holdings said yesterday that it had secured five “sizeable” contracts worth a total of US$235 million. Three of the contracts, which amounted to US$145 million, were awarded to the group for works that will be executed in Latin America and South-east Asia. The
        89 words
      • Article
        Lock icon Strong demand for SP AusNet euro bond issue
        100 5 SP AusNet said yesterday that its 350 million euro (S$603 million), 10-year euro bond issue to raise A$543 million (S$609.8 million) has met with “strong demand” and was close to four times oversubscribed. This is the electricity distributor’s second euro bond issue
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      • Article
        Lock icon Stratech to upgrade Changi’s surveillance
        102 5 STRATECH Systems has clinched a contract from the Singapore government to upgrade iFerret™ infrastructure at Changi airport for airfield surveillance. The IT and advanced technology systems developer declined to disclose the value of the deal. “Airfield surveillance is critical for real-time incident management as well
        102 words
      • Article
        Lock icon Otto Marine promotes exec director
        129 5 OTTO Marine has promoted Michael See to group executive director. Prior to his promotion, Mr See was an executive director on the company’s board. He has also served as group CFO since 2007, a post he will relinquish in conjunction with his promotion. In his
        129 words
    • Article
      Lock icon SIAEC’s Q3 net down 9.7% on higher costs
      274 5  -  By NISHA RAMCHANDANI nishar@sph.com.sg SIA Engineering Company (SIAEC) saw its net profit for the third quarter ended Dec 31, 2013, decline 9.7 per cent year-on-year to $60.5 million, due in part to higher costs. Revenue edged up 2 per cent to $283.8
      274 words
    • Article, Illustration
      Lock icon Australian exchange plans to open new office in S’pore
      605 5 It aims to do more business with Asian hedge funds and proprietary traders Bloomberg [SYDNEY] ASX Ltd will hire staff for a new office in Singapore this year as Australia’s main exchange operator seeks to do more business with Asian hedge
      Bloomberg; PHOTO: BLOOMBERG  -  605 words
    • Article
      Lock icon RHT in deal to buy hospital in northern India
      423 5  -  Pacts with Fortis to strengthen RHT’s presence in the area By LYNETTE KHOO lynkhoo@sph.com.sg IN a move to strengthen its presence in northern India, Religare Health Trust (RHT) has entered into agreements worth $68.8 million with its sponsor Fortis Healthcare to
      423 words
    • Article, Illustration
      Lock icon Hedge funds bet on gold as demand rises
      1014 7 Net-long position in gold up 40% to 60,672 futures and options last week Bloomberg [NEW YORK] Hedge funds raised bullish gold wagers by the most since July and sold copper holdings as emerging-market turmoil boosted concern that the global economy will slow
      Bloomberg; PHOTO: BLOOMBERG  -  1,014 words
    • BROKERS’ TAKE
      • Article
        Lock icon Small-mid cap property
        223 7 OCBC INVESTMENT RESEARCH, Feb 3 FOR its Q1FY14 (end-Sept 2013), Oxley Holdings announced a net income of S$250.8 million, up 37 times y-o-y. This comprised cash earnings, not valuation gains, and almost matched the combined earnings of CapitaLand and City Developments, the two largest domestic developers, over
        223 words
      • Article
        Lock icon Genting Singapore
        321 7 Feb 3 close: S$1.34 MAYBANK KIM ENG, Feb 3 MBS reported a 14 per cent y-o-y drop in Q413 Ebitda to US$258.8 million due to a 17 per cent y-o-y contraction (in USD terms) of Q4 VIP volume that was exacerbated by a low VIP hold rate of
        321 words
      • Article
        Lock icon Cache Logistics Trust
        455 7  -  Compiled by ANDREA SOH Feb 3 close: S$1.085 UOB KAY HIAN, Feb 3 WE recently hosted Cache Logistics Trust’s (Cache) management to a post-results feedback session with investors. Positive reversions are likely for the master-leases coming due in 2015 (34 per cent of portfolio), based on current
        455 words
    • Article, Illustration
      Lock icon Lloyds puts aside another £1.8b in mis-selling compensation
      660 7 Stock falls after bank signals it won’t pay a 2013 dividend Bloom berg [LONDON] Lloyds Banking Group, the UK’s biggest mortgage lender, has set aside £1.8 billion (S$3.7 billion) more to compensate clients wrongly sold insurance and signalled that it won’t pay
      Bloomberg; PHOTO: AFP  -  660 words
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      Lock icon Page 4 Advertisements Column 1
      1129 4 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ACCORD FAMOUS LOGISTICS PTE LTD Co Reg No. *****1549K (Members' Voluntary Liquidation) At an Extraordinary General Meeting of ACCORD FAMOUS LOGISTICS PTE LTD, duly convened and held on
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      158 4 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ASSA ABLOY SOUTH ASIA PTE. LTD. (In Members’ Voluntary Liquidation) Reg. No. *****4395K NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50. the Final Meeting oftheabovenamed
      158 words
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      38 4 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices NOTICES Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices 1 WATS NOTICES 5j
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      117 5 2 4* T X y i k t fC SSBJtlS Authentic Teochew Raw Fish Prosperity Set Menus. Winning the toss for great New Year dining. When it comes to venues for Chinese New Year Lo Hei menus, Hung Kang wins the toss. Our truly authentic Teochew Prosperity Set Menus and
      117 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Bear rides in on the Year of the Horse
      583 6  -  After a sorry trading session, the STI finishes 1.2% lower; jitters of last few weeks have returned to dog the market STOCKS JOYCE HOOI joyceh@sph.com.sg Correspondent PERHAPS we risk being a little too fast out of the gate saying this, but
      Source: Bloomberg  -  583 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      75 6 Feb 3 VALUE CLOSE BT OB/OS -973.00-171.00 BT CADI -*****.00-124.00 BT 10-day MA -*****.00 -98.00 FTSE ST Mid Cap 696.30 -4.72 FTSE ST Small Cap 524.89 -2.18 FTSE ST All Share 729.59 -7.74 FTSE ST China Top 193.79 -1.15 FTSE ST China 218.47 -2.41 FTSE ST Catalist
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 3 0 0 0 3 6 3 Manufacturing 24 69 33 7 9 9 31 78 42 Commerce 13 19 21 8 4 3 21 23 24 Tpt/Stor/Comms 9 19 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,309 16,309 63,201 63,201 Manufacturing 259,940 124,168 384,108 109,728 4,299 114,027 Commerce 138,581 216,952 355,533 76,667 20,420 97,088 Tpt/Stor/Comms 75,809 2,179 77,988 130,421 208 130,629 Finance 23,019 26 23,045 171,649 8 171,657 Construction 47,874 93,673
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Change CapMallsAsia 1.715 -0.045 CapitaLand 2.760 CapitaMall 1.845 -0.025 CityDev 8.710 -0.040 ComfortDelGro 1.940 +0.005 DBS Grp 16.540 +0.070 GLP 2.780 -0.030 Genting SP 1.340 -0.040 Golden Agri 0.510 -0.010 HK Land 5.860 -0.160 HPH Trust US$ 0.660 -0.005 JMH 52.350 -1.230 JSH
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    • Article, Illustration
      Lock icon Euro bounces back after data tumble
      483 6 CURRENCIES AFP [TOKYO] The euro bounced back against the yen yesterday after suffering a sell-off last week in response to weak eurozone data that fuelled speculation of an interest rate cut by the European Central Bank (ECB). In afternoon Tokyo trade, the euro rose
      AFP; PHOTO: BLOOMBERG  -  483 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Memstar 76,125,000 Vallianz Hldgs 75,394,000 HanKore 75,253,000 Albedo 61,917,000 Charisma Energy 51,818,000 Federal Int 48,080,000 Transcu Grp 47,150,000 WE Hldgs 41,411,000 KLW Hldgs 41,214,000 CCM Grp 38,481,000 VALUE($) SingTel 75,877,855 DBS Grp 62,378,446 OCBC Bk 55,286,570 Keppel Corp 43,001,690 UOB 42,004,990 Genting SP 41,197,480 Ascendasreit 27,829,791
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    • Article
      Lock icon RISES
      116 6 BY CENTS CLOSE UP Pan Ocean 100 550 50.0 10.0 DBXT MSTHAI 10US$ 1741 43.4 2.0 DBXT S&P500 10US$ 2950 23.0 0.6 IS ASIA BND 100S$D 1297 20.0 1.6 DBXT MSMSIA 10US$ 1441 19.2 1.1 DBXT MSINDO 10us$ 1175 12.8 0.9 IS ASIA HYG100S$D 1348 8.0 0.6 Lyxor China
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    • Article
      Lock icon FALLS
      124 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -270.6 -1.7 DBXT MSJAP 10US$ 4463 -173.6 -3.0 JMH 5235 -157.0 -2.3 JSH 3132 -150.6 -3.6 Jardine C&C 3437 -63.0 -1.8 DBXT MSEurope 10US$ 5749 -40.9 -0.6 DBXT FTVietnam 10US$ 2701 -38.3 -1.1 DBXT FTChina25 10US$ 2719 -35.7 -1.0 Lyxor EasternEurope1 473
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      127 6 THERE'S A BETTER WAY TO MAKE SENSE OF THE MARKETS" <c u BULL TO L ■1 TRADE CONFIDENTLY WITH SUPERIOR TOOLS AND TECHNOLOGY We provide extensive data on forex, shares, indices and commodities. Access client sentiment indicators, live Reuters news, in-depth company analysis and market-leading charts, so you never miss
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Self-storage firms gain from space crunch
      973 8  -  With at least 15 new self-storages opened since 2011, number of such facilities has nearly doubled to 35 By RAPHAEL LIM raphlim@sph.com.sg SMALLER houses, high shop rentals and a general scarcity of space may be a bugbear for many people and businesses in Singapore.
      973 words
    • Article
      Lock icon Victoria Theatre, Concert Hall to reopen next year
      412 8  -  By SHEENA TAN tsheena@sph.com.sg MUSIC will once again be heard from the Victoria Theatre and Victoria Concert Hall from next year w h e n t h e R e p u b li c s grande dames open their doors after
      412 words
    • Article, Illustration
      Lock icon DBS celebrates Chinese New Year with SMEs
      249 8  -  By ARTHUR LEE arthurL@sph.com.sg DBS Bank celebrated Chinese New Year (CNY) with more than 600 guests from small and medium-sized enterprises (SMEs) yesterday evening at the Raffles City Convention Centre. The evening’s festivities began with a drum performance by chairman Peter Seah and
      PHOTO: ARTHUR LEE  -  249 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon More than 13,000 PAssion POSB debit cards issued
        115 8 POSB said it had issued more than 13,000 PAssion POSB debit cards within two weeks of its official launch on Jan 6. The all-in-one card was the first community card partnership in Singapore between the People’s Association (PA) and POSB. Cardholders stand
        115 words
      • Article
        Lock icon Feedback sought on Applied Materials merger plan
        122 8 THE Competition Commission of Singapore (CCS) is seeking feedback on the proposed merger between Applied Materials Inc and Tokyo Electron Limited, both of which have operations in Singapore. The two firms are merging in an all-stock transaction to create a yet unnamed company,
        122 words
    • Article
      Lock icon Licensed moneylender fined $15,000
      224 8  -  By RAPHAEL LIM raphlim@sph.com.sg A LICENSED moneylender has been fined $15,000 for supplying false information to the authorities and breaching lending rules, the Insolvency and Public Trustee’s Office (IPTO) said yesterday. Lee Zhe Kai, 34, manager of 77 Moneylender Pte Ltd, pleaded guilty yesterday. Previously known
      224 words
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  • SME Inc
    • Article, Illustration
      Lock icon Click, edit and order prints from home
      1176 9  -  The duo behind Postalgia Prints are developing next version of their app and also plan to go global, saysJASLENE JASLENE PANG AS more and more people join the craze of taking photos with their smartphones and sharing them with others, homegrown company Postalgia
      1,176 words
    • Article, Illustration
      Lock icon From social enterprise start-up to SME
      1004 9  -  There are several challenges to overcome in the journey to sustainable success COMMENTARY By SOURABH SHARMA The writer is co-founder ofMilaap, a company incubated by NUS Enterprise MOST entrepreneurs aim to grow their start-up from a small one-to-five- man team into a scalable, sustainable
      LUDWIG ILIO  -  1,004 words
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      65 9 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME Inc pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      65 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia’s Dec trade surplus largest in 2 years
      780 10 Surplus driven by unexpected 10.33% rise in exports due to weaker rupiah Reuters [JAKARTA] Indonesia posted its third straight monthly trade surplus in December and its biggest in two years, an encouraging sign that could give the central bank leeway to keep
      Reuters; PHOTO: AFP  -  780 words
    • Article
      Lock icon Indonesia revives birth-control programme
      852 10 WP [JAKARTA] Indonesian President Susilo Bambang Yudhoyono wants families to stop at two children to prevent a burgeoning population overwhelming schools and services. Asih, a cleaner in Tangerang, near Jakarta, is stopping at seven. “In my family, we always had a lot of children, and as
      WP  -  852 words
    • Article, Illustration
      Lock icon Analysts divided over Malaysian small-cap bubble risk
      725 10 FTSE Bursa Malaysia Small Cap Index up 36 per cent in 2013 [PETALING JAYA] After galloping to historic highs last year, are small-cap stocks in Malaysia at risk of a bubble? Yes and no, said market watchers. For Hwang Investment Management head of
      PHOTO: BLOOMBERG  -  725 words
    • Article
      Lock icon Bank Rakyat builds business by taking an ATM on a boat
      589 10 Bloomberg [JAKARTA] The absence of cash machines on many of Indonesia’s Spice Islands where cloves and nutmeg once made sultans and European explorers wealthy means banking is often done on boats that can carry automated teller machines. PT Bank
      Bloomberg  -  589 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China’s loan sharks circle in murky shadow bank waters
      792 11 Underground debt challenges financial stability; now one of the biggest banking risks Reuters [BEIJING] China’s crackdown on risky lending has driven borrowers into an even darker place in their search for capital underground banking. The domain of loan sharks, underground lending
      Reuters  -  792 words
    • Article, Illustration
      Lock icon Global carmakers scour India’s backroads for dream market
      1117 11 But competition from homegrown brands is strong Reuters [MUMBAI] For global carmakers, the dusty backroads of rural India could be the new El Dorado. As economic torpor suffocates demand for new cars in India’s megacities, incomes are growing faster in small towns
      Reuters; PHOTO: REUTERS  -  1,117 words
    • Article, Illustration
      Lock icon Imax faces challenges in China dealings
      502 11 Technology dispute could pose problems for company in US NYT [LOS ANGELES] “We’ve got the future under control,” contends OmniCorp, the giant technology corporation in RoboCop, a blockbuster remake set for release by Sony Pictures and MGM next month. But can Imax Corp, the
      NYT  -  502 words
    • Article
      Lock icon Beijing bars use of secrecy laws as excuse for cover-ups
      323 11 Reuters [BEIJING] China has unveiled new rules telling officials not to cover up what should be publicly available information using the excuse it is a state secret, in what state media said was a move towards greater government transparency. China
      Reuters  -  323 words
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  • WORLD
    • Article, Illustration
      Lock icon Breaking barriers, silently
      2080 12 The first woman to lead the US Federal Reserve symbolises the struggle of the hardworking woman to break through gender bias WP [WASHINGTON] HEN Janet Yellen took over the reins of the Federal Reserve, she became one of the most powerful women in the world a historic
      WP; PHOTO: REUTERS  -  2,080 words
    • Article, Illustration
      Lock icon Carney likely to raise rates ahead of the Fed: economists
      706 12 Bloom berg [LONDON] Investors are betting Bank of England governor Mark Carney will lead the charge out of record-low interest rates as central banks pivot from fighting stagnation to managing expansions. Economists at Citigroup and Nomura International say the strongest
      Bloomberg; PHOTO: BLOOMBERG  -  706 words
    • Article, Illustration
      Lock icon Global earnings to rise amid US, Europe growth
      1460 13 Profits of S&P 500 firms seen rising 8.5% and Stoxx Europe firms 13% Bloomberg [DALLAS] Global corporate earnings growth is poised to accelerate this year as higher spending by US consumers and Europe’s gradual rebound from a two-year recession help offset a
      Bloomberg; PHOTO: REUTERS  -  1,460 words
    • Article
      Lock icon Australia’s Future Fund returns record 17.2%
      241 13 Bloomberg [SYDNEY] Australia’s Future Fund, the country’s sovereign wealth manager, returned a record 17.2 per cent in 2013 as it increased its allocation to global equities at the expense of debt securities. The A$97 billion (S$109 billion) Melbourne-based fund, which was established in May
      Bloomberg  -  241 words
    • Article
      Lock icon US natural gas faces price volatility
      847 13 Higher domestic demand and lagging production could jolt market in 2015 Reu ters [NEW YORK] While the US is sitting on a bounty of natural gas, the wild volatility of prices this winter could soon become a regular feature as growing demand begins to
      Reuters  -  847 words
    • Article, Illustration
      Lock icon SMEs protest Seoul’s drive against shadow economy
      816 13 Retailers, doctors feel they bear brunt of govt crackdown Bloomberg [SEOUL] South Korean bar owner Jeong Young Soo doused his body with paint thinner and set himself aflame, his final protest against a government crackdown to collect more tax from his industry. The
      Bloomberg  -  816 words
    • Article
      Lock icon Obama’s move to fast-track trade deals hits roadblock
      926 14 Senate Majority Leader warns lawmakers to not push TPA right now Reuters [WASHINGTON] US President Barack Obama’s push for authority to fast-track trade deals has hit a big setback in the form of opposition from his top fellow Democrat in Congress, but
      Reuters  -  926 words
    • Article, Illustration
      Lock icon Brompton Bicycle shows UK mfg how to shift up a gear
      1231 14 Firm has overcome many obstacles en route to No 1 status Reu ters [LONDON] Loan refusal letters and retailers’ rejections frame the walls of the Brompton Bicycle factory, a reminder of the obstacles the firm has overcome to establish
      Reuters; PHOTO: REUTERS  -  1,231 words
    • Article, Illustration
      Lock icon Making thematic investing easier
      1299 14 NYT [NEW YORK] Arthur Levitt Jr, former chairman of the US Securities and Exchange Commission, acknowledged that he found “The Seven Deadly Sins” irresistible so much so that he plunked down US$5,000 as an initial investment and has since put in more. Sallie Krawcheck, former president
      NYT; PHOTO: BLOOMBERG  -  1,299 words
    • Article
      Lock icon US$8b of private equity funds chasing mining acquisitions
      1013 15 Attractive valuations, projected demand and big miners looking to sell assets seen driving M&A Bloomb erg [LONDON] The world’s mining assets may be the target of mergers and acquisitions as a US$8 billion pool of private equity money that has lain dormant
      Bloomberg  -  1,013 words
    • Article, Illustration
      Lock icon Rajoy wins int’l praise, but faces anger at home
      727 15 Bloomberg [MADRID] Prime Minister Mariano Rajoy’s repair of the Spanish economy is persuading BlackRock Inc and Fidelity Investments to lend to his government but his struggle to control his party may yet jeopardise those investments. Mr Rajoy’s programme risks being blown
      Bloomberg  -  727 words
    • Article, Illustration
      Lock icon Actor Philip Seymour Hoffman found dead at 46
      614 15 OBITUARY Bloomberg [NEW YORK] Philip Seymour Hoffman, the equally dishevelled and cerebral performer of stage and screen who joined the ranks of the most-revered actors for his portrayal of Truman Capote, has died. He was 46. Hoffman was found dead in the
      Bloomberg; PHOTO: REUTERS  -  614 words
    • Article
      Lock icon Portugal’s exporters ramp up production
      999 15 They are moving beyond traditional European markets Reuters [LISBON] From the rattle of weaving looms and footwear stitching machines in northern Portugal to the rumble of trucks shipping high-quality paper across the eastern frontier, the nation’s export firms are buzzing with activity despite three years
      Reuters  -  999 words
    • Article, Illustration
      Lock icon Businesses feel the heat as US middle class shrinks
      1375 16 Restaurants and retailers chase richer customers with high-end services NYT [NEW YORK] In Manhattan, upscale clothing retailer Barneys will replace bankrupt discounter Loehmann’s, whose store closes in a few weeks. Across the country, Olive Garden and Red Lobster restaurants are struggling,
      NYT; PHOTO: BLOOMBERG  -  1,375 words
    • Article, Illustration
      Lock icon MUFG 9-month profit soars 47% to US$7.7b
      568 16 AFP [TOKYO] Japan’s biggest bank Mitsubishi UFJ Financial Group (MUFG) yesterday said that its nine-month net profit soared more than 47 per cent to US$7.7 billion as the country’s lenders cashed in on a soaring stock market. The lender was the last of
      AFP; PHOTO: BLOOMBERG  -  568 words
    • Article
      Lock icon Dylan, Beckham lead Super Bowl advertising blitz
      545 16 With 108m viewers, brands parade stars, pay US$4m a slot AFP [NEW YORK] Bob Dylan providing a rallying cry for the US auto industry and David Beckham losing his underwear were among the highlights of the Super Bowl advertising blitz on Sunday. With
      AFP  -  545 words
    • Article, Illustration
      Lock icon Eurozone manufacturing hits 32-month high in Jan
      595 17 Expansion for fourth month driven by Germany; France shows growth signs AFP Reuters [BRUSSELS] Eurozone manufacturing activity hit a 32-month high in January, driven by economic powerhouse Germany and helped as struggling France finally picked up, a key survey showed yesterday. The Markit
      AFP; Reuters; PHOTO: BLOOMBERG  -  595 words
    • Article
      Lock icon Two UK bankers warned over Libor fix
      578 17 Final decision from the watchdog may take many months Reuters [LONDON] Britain’s financial watchdog has issued its first warning notices of proposed action against two bankers for their part in alleged manipulation of benchmark interest rates. The Financial Conduct Authority (FCA) did not
      Reuters  -  578 words
    • Article, Illustration
      Lock icon Staff, schools, ANC in Mandela’s will
      466 17 AFP [JOHANNESBURG] Nelson Mandela left his roughly US$4.1 million estate to his wife Graca Machel, family members, staff, schools and the African National Congress (ANC), according to a summary of his will released yesterday. Two months after the death of the 95-year-old South African
      AFP; PHOTO: AFP  -  466 words
    • Article
      Lock icon Corruption is a problem for EU businesses: poll
      433 17 Reuters [BRUSSELS] Corruption is a problem for almost half the companies doing business in Europe, a survey by the European Commission said yesterday, and an increasing number of European Union citizens think that it is getting worse. The report places the EU,
      Reuters  -  433 words
    • Article
      Lock icon CME settles MF Global lawsuit for US$14.5m
      429 17 Bloomberg [NEW YORK] CME Group and its Chicago Mercantile Exchange unit agreed to pay US$14.5 million to settle lawsuits filed on behalf of customers of MF Global Holdings, the defunct futures broker once led by former governor of New Jersey Jon Corzine. The
      Bloomberg  -  429 words
    • Article
      Lock icon EGAT may delay 17b baht infrastructure fund
      320 17 Reuters [BANGKOK] State-owned Electricity Generating Authority of Thailand (EGAT) said yesterday its plan to raise at least 17 billion baht (S$658 million) by listing an infrastructure fund could face delays due to the country’s ongoing political unrest. EGAT, Thailand’s largest power producer with
      Reuters  -  320 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      48 12 HOT PROPERTY f r if chuan RO Aaf^^? Fante«c'%^s ,00 M^ es $10M. nes Modern! CRAJG ROAD 3-STY rnn T 2S^SE^ Ra^l'crabf rmW fr S'-SM.' SHOP SPACE FOR SALE Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT-SELL IT-FIND IT
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      45 12 FM klSS92 All the great songs m one place I r s lass s A Catch the Kiss92 Kiss Mobile for car decals and great prizes! Tune in to Kiss92 for more details! 12 FEB (WED) 6:00PM WITH DJ CLARESSA YISHUN STADIUM kiss92.sg facebook.com/kiss92fm Q@kiss92fm
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      191 13 >ss< NOTICES Rule 112 GEOCON PILING AND ENGINEERING PTE LTD (IN COMPULSORY LIQUIDATION) Company Registration No: *****3629D Winding Up No. 64 OF 2006/R NOTICE OF CREDITORS' MEETING Take notice that a meeting of creditors in the above matter will be held at 3:00pm on Monday, 17th day of February 2014
      191 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Malaysia auto industry needs new direction
      496 18 EDITORIAL MALAYSIA is taking a finely balanced approach in its latest automotive policy document. The latest policy stands on three pillars. Firstly, it tries to protect the interests of local car makers who will remain behind high tariff walls. Then, there is an attempt
      496 words
    • Article, Illustration
      Lock icon The MRT’s fine; can’t say same for crass foreigners
      838 18  -  THE BOTTOM LINE DAVID MASON The writer, a Price Waterhouse Singapore partner for 18 years, is a business communications consultant in the UK who spends several months a year in Singapore OH DEAR! Fares up, trains breaking down and smelly people
      838 words
    • Article, Illustration
      Lock icon Preparing for transitions in the new year
      1166 18  -  What should businesses look out for in 2014? By ONG PANG THYE GAN KWEE LIAN The writers are, respectively, head of audit and tax partner at KPMG in Singapore. The views expressed are their own SOME people say that being prepared is half
      ST FILE PHOTO  -  1,166 words
    • Article, Illustration
      Lock icon Obama signals a changed emphasis
      1033 19  -  Asia and trade were footnoted in the president’s State of the Union address while other issues were highlighted LEON HADAR Washington Correspondent A FEW minutes after US President Barack Obama delivered his State of the Union (SOTU) address last Tuesday evening, the noted geopolitical analyst
      PHOTO: BLOOMBERG  -  1,033 words
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      Lock icon China’s reform plans genuine, but issues persist
      797 19  -  By RAYMOND CHAN The writer is Allianz Global Investors’ CIO, Asia Pacific WE strongly believe the present Chinese government, led by President XI Jinping, is committed to reform. We are pleased with the sweeping reform proposals announced after the Third Plenum of the
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      Lock icon Stop avoiding debate on the role of federal govt
      672 19  -  ROBERT SAMUELSON The Washington Post Writers Group “For several years now, this town has been consumed by a rancorous argument over the proper size of the federal government. It’s an important debate.” –President Obama’s 2014 State of the Union [WASHINGTON] Well,
      The Washington Post Writers Group  -  672 words
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  • AVIATION
    • Article, Illustration
      Lock icon Two US airlines halt code-share with India’s Jet
      652 20 FAA’s downgrade of Indian carriers is of significant interest: European Union Bloomberg [NEW DELHI] United Airlines is suspending a marketing agreement with Jet Airways (India) Ltd after US regulators cut the Asian nation’s aviation-safety ranking for the first time. The downgrade by
      Bloomberg  -  652 words
    • Article, Illustration
      Lock icon Ryanair bookings up amid fare war
      678 20 Discount carrier trimmed tariffs on almost 1,000 routes Bloomberg [LONDON] Ryanair Holdings plc said it’s winning a fare war embroiling Europe’s network and discount carriers as lower ticket prices spur bookings and charges for reserved seating and priority boarding help lift revenue. Ryanair shares
      Bloomberg; PHOTO: BLOOMBERG  -  678 words
    • Article
      Lock icon Alitalia stake decision soon: Etihad
      518 20 Bloomberg [DUBAI] Etihad Airways said it will decide within 30 days whether to buy a stake in ailing Italian airline Alitalia as the Abu Dhabi flag carrier continues its streak of purchases to funnel traffic through the Middle East. Etihad is in the final stage
      Bloomberg  -  518 words
    • Article
      Lock icon TRANSPORT STOCKS
      238 20 SGX '000 Feb 03 S$ +/-Vol Ch Offshore unch unch 0 Chuan Hup Hldg 0.26 unch 257 Cosco Corp 0.71 0.01 570 Cwt Limited................1.30 -0.01 57 First Ship Lea unch unch 0 Grand Banks 0.23 unch 335 Jaya Hold Ltd Cosco Corp K1Ventures 026 Keppel Corp 10.30 -0.10
      238 words
    • Article
      Lock icon United to cut flights from Cleveland
      220 20 Reuters [CLEVELAND] United Continental Holdings, the parent company of United Airlines, plans to lower the number of daily departures from its unprofitable Cleveland hub starting in April because of insufficient demand, according to a memo to employees. Average daily departures will fall by around
      Reuters  -  220 words
    • Article
      Lock icon Budget carrier flydubai eyes bond issue in 2015
      305 20 Reuters [DUBAI] Budget carrier flydubai, which announced an US$8.8 billion plane order in November, will look to raise funds through a bond issue next year and is considering the option of sukuk (Islamic bonds), the company’s chief financial officer said yesterday. “We
      Reuters  -  305 words
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      284 20 CRYPTIC CROSSWORD Across 5 Like a Romantic poet of an earlier age strange irony in that (7) 7 Light weight for a wild cat (5) 9 Start meal, first drop of ale included (6) 10 Equestrian reportedly caught before winning trophy (5,3) 11 Diversion embarrassed the woman with band (3,7)
      284 words
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  • Article
    Lock icon Shipping Times
    1322 21 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
    1,322 words
  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      63 21 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 new L IE PC o o o o FREIGHT FORWARDER urgently needed by shippers Can they
      63 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2859 22 Transaction date: Feb 3 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14 11.5 8Telecom Last Sale Vol Day Last Quote ('000) High Low Buyer Seller Div Gr Yld C'vr 188 106
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    • Article
      Lock icon SGX CATALIST
      292 23 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
      292 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11595 23 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 China Opportunities 1 2 6721/ FM local Ccy Bond .0 8651/ Furopean Opportunities
      11,595 words
    • Article
      Lock icon GLOBALQUOTE
      249 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US41.5 unch 6123 41.5 40.5 41 41.5 2732.6 Sale 318 191 TanChongInt HK300 unch 12 300 300 296 300 4.3 2.3
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    • Article
      Lock icon SGX ETF
      912 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 143 120 CIMB APAC Div 100S$D 120 120 114.4 94 CIMB APAC Div 100US$ US94 -2.5 1 94 94 9.9 1510 1192 CIMBASEAN40 100S$D 1235
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      682 24 Feb 3 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.56 *****.93 *****.05 Mar14 *****.00 *****.00 *****.00 *****.00 *****9 *****3 Jun14 *****.00 *****.00 *****.00 *****.00 0 2995 MSCI TAIWAN INDEX FUTURES SPOT 297.54 297.54 297.54 Feb14 0 *****3 Mar14 0 36 CNX NIFTY INDEX
      682 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ 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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    • Article
      Lock icon INTERBANK CROSS RATES
      471 24 Feb 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.974 5.311 0.650 6.803 55.008 107.181 0.895 9.502 2.932 1.081 92.443 39.782 1.119 9.791 0.795 26.581 28.884 0.534 0.876 Canada 1.027 5.453
      471 words
    • Article
      Lock icon CHICAGO BOT
      109 24 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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    • Article
      Lock icon LIFFE
      94 24 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$/tonne) Close Prev High Low Jan 14 1819 1819 1785 1785 Mar 14 1811 1774 1827 1786
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1119 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 0.4 1 123 187 107.50 3 Exer Albedo Limited W*****9 Prem Ascendas Reit MB ECW*****3 2.9 0.2 240 1 Ascendas Reit MB eCW*****1 2.8
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 24 CRUDE OIL PRODUCTS Jan 31 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.14 -1.18 WTI (Near Mth) 97.45 -0.49 Dubai (1-Mth F) 103.46 -0.67 Tapis blend 115.07 -0.35 Minas 108.07 -0.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.64 unch Jet Kerosene 122.21 unch US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Feb 3 S$ Bid Offer 1-month 1.2766 1.2768 2-months 1.2766 1.2768 3-months 1.2765 1.2767 6-months 1.2763 1.2765 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 24 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$/tonne) Cash *****.00 *****.00 3 months *****.00
      65 words
    • Article
      Lock icon SIBOR
      34 24 Feb 3 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      89 24 Feb 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 1-Year BY*****T 31-Oct-14 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.59 101.65 101.60 5-Year NX*****W 2.5 01-Apr-18 104.85 104.99 104.88
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    • Article
      Lock icon PRECIOUS METALS
      137 24 Feb 03 GOLD(US$/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 Source: Thomson Reuters CAST BAR Feb 03 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 115 51 5gm 326 254
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    • Article
      Lock icon PALM OIL
      61 24 Jan 30 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
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 24 Feb 3 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1184 1.1189 0.8761 0.8763 Canadian dollar 1.1482 1.1490 0.8999 0.8994 Euro 1.7209 1.7216 1.3480 1.3484 NZ dollar 1.0342 1.0347 0.8101 0.8104 Sterling pound 2.0929 2.0937 1.6394
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Feb 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.144 1.090 Can dollar 1.168 1.124 Euro 1.761 1.678 Sterling pound 2.137 2.055 NZ dollar 1.059 1.019 US dollar 1.303 1.241 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      159 24 Feb 3 Feb 3 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.06 US$ 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
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  • PROPERTY
    • Article
      Lock icon Mortgage-deal spoils divide winners and losers in US states
      997 25 Governors and state AGs clash on use of billions of dollars in fine monies Bloomberg [NEW YORK] Hundreds of millions of dollars in mort-gage-fraud settlements from JPMorgan Chase Co and other banks are providing a windfall to state attor-neys-general and creating
      Bloomberg  -  997 words
    • Article
      Lock icon China home price gains slow in Jan, surveys show
      400 25 Reuters [BEIJING] Gains in home prices in China eased in January, two private surveys showed, adding to signs of stabilisation in the housing market as government curbs start to take the edge off years of sustained gains. Prices of new homes
      Reuters  -  400 words
    • Article, Illustration
      Lock icon Romanians reject euro home loans after Hungary disaster
      1038 25 Govt offers US$4.2b in loan guarantees to first-time buyers Bloomberg [BUCHAREST] Romania, using record-low interest rates to rebuild a housing market devastated by the economic crisis, is forcing homebuyers such as Vlad Popescu to abandon cheap euro-denominated mortgages in the name of
      Bloomberg; PHOTO: BLOOMBERG  -  1,038 words
    • Article, Illustration
      Lock icon London housing market shows bubble risk, warns EY Item Club
      564 26 Overseas investors are bidding up prices while buyers take on more debt Bloomberg [LONDON] London’s housing market is beginning to show “bubble-like conditions” as overseas investors bid up prices and buyers take on more debt to purchase properties, according to
      Bloomberg; PHOTO: BLOOMBERG  -  564 words
    • Article
      Lock icon S Korea home prices rise for fifth straight month
      517 26 Jan data up as low prices, cheap loans draw buyers back Reuters [SEOUL] South Korean house prices rose for a fifth straight month in January, as consumers’ growing confidence in Asia’s fourthlargest economy nourished a recovery from the longest sequence of
      Reuters  -  517 words
    • Article
      Lock icon Aussie home prices up 1.2% in Jan
      257 26 Reuters [SYDNEY] Home prices across Australia’s major cities rose 1.2 per cent in January, from the previous month, extending a strong run that has boosted household wealth and confidence. Figures from property consultant RPDa-ta-Rismark showed that overall dwelling prices were up 9.8 per
      Reuters  -  257 words
    • Article
      Lock icon Mitsubishi halts defective homes’ sale, to seek compensation from builder
      480 26 Bloomberg [TOKYO] Mitsubishi Estate Co, Japan’s biggest developer by market value, halted sales of residential units in Tokyo after finding defects and will seek compensation from the builder Kajima Corp. The shares in both companies fell. The building in Tokyo’s
      Bloomberg  -  480 words
    • Article, Illustration
      Lock icon Want a NY condo with a personal shopper?
      1045 26 NYT [NEW YORK] On Central Park South here, a luxury building is offering its residents direct access to Bergdorf Goodman’s buyers, who can find them that special accessory from Paris. In Tribeca, a developer hired educators from the 92nd Street Y to
      NYT; PHOTO: NYT  -  1,045 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      8 25 www.omy.sg ft?#) Only @lifestyle.omy.sg :•> ZSJ) 4 m 0
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      Lock icon Page 25 Advertisements Column 2
      108 25 Premium Space for Lease Chai Chee area B1 Type factory /Various sizes available Manufacturing I Data Center Large electricity supply i:VTel: 6249 6071 Email: chaichee@douyee. DOUY0E |t f Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want
      108 words
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      Lock icon Page 25 Advertisements Column 3
      52 25 THE ARCADE 11 COLLYER QUAY SI BBSS*.*EN BLOC SALE Prime Raffles Place Retail/Office Building With Redevelopment Potential Tender Closing: 19 March 2014, Wednesday, 3pm For enquiries, please call: Tang Wei Leng 6531 8586 Melvin Chay 6531 8619 CEA Reg. No. R*****2B CEA Reg. No. R*****0H Colliers INTERNATIONAL Agency Licence No.
      52 words
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