The Business Times, 5 February 2014

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Microfilm: NL32979
Total Pages: 28
1 28 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 SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, February 5, 2014
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  • Article, Illustration
    Lock icon Telcos move battle to mobile app turf
    525 1  -  By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] The battle lines are forming as more over-the-top players pledge their respective allegiances to various telcos in Singapore’s app wars. StarHub has signed on a second chat app partnership, this time with Japan’s Line, on an exclusive basis
    PHOTO: BLOOMBERG  -  525 words
  • Article
    Lock icon IPOs take a back seat in rocky stock market
    842 1  -  January’s four share sales, which raised $433.3m in gross proceeds, see mixed fortunes By ANDREA SOH sandrea@sph.com.sg [SINGAPORE] The anaemic stock market has taken the wind out of the sails of the initial public offering (IPO) market here. While January began
    842 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 2,965.80 (-25.15) HST INDEX FUTURES 2,964.00 (-25.00) HSIMSCI 338.15 (-3.26) HSIMSCI FUTURES 337.70 (-3.00) US$ S$ US$ (S$ per US$) 1.269 (US$/S$ per 1.629 2.066 EURO (US$/S$/€ 1.353 1.716 Foreign currency per US$ S$ YEN 101.10 79.70 RM 3.328 2.623 HK$ 7.763 6.120 BAHT 32.79 25.85 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Tuesday Change KL COMP 1,778.83 -25.20 NIKKEI 225 14,008.47 -610.66 HANG SENG 21,397.77 -637.65 SET INDEX 1,276.84 -15.97 JAKARTA COMP 4,352.26 -34.00 MANILA COMP 5,886.01 -2.15 SEOUL COMP 1,886.85 -33.11 SHENZHEN B Closed MUMBAI IND 20,211.93 +2.67 11am EST Change DOW 15,402.92 +30.12 NASDAQ 4,014.75 +17.79
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA MALAYSIA 6.55 HONG KONG 5.00 INDONESIA KOREA TAIWAN 5.036 JAPAN 1.475 KOREA INDIA BRITAIN Source: Bloomberg
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      476 2 IPOs take a back seat in rocky stock market THE next few weeks or even months could see a lull in activity as issuers wait for the bourse to calm down. FRONT PAGE Telcos move battle to mobile app turf THE battle lines are forming as more over-the-top
      476 words
    • Article
      Lock icon Factory orders fall in Dec due to drop in transport bookings
      461 2 LATEST US DATA Reuters [WASHINGTON] New orders for US factory goods fell in December, but rose for a third straight month when the volatile transportation sector was excluded, which could ease concerns of an abrupt slowdown in manufacturing activity.
      Reuters  -  461 words
    • Article, Illustration
      Lock icon Government steps in to ease shortage of granite
      362 2  -  By CAI HAOXIANG haoxiang@sph.com.sg [SINGAPORE] The government will release granite from the national stockpile from today to ease an Indonesian granite supply shortage that has affected private and public construction projects. The Building and Construction Authority (BCA) said yesterday evening that while
      362 words
    • Article, Illustration
      Lock icon Wall St dive extends sell-off in Asia markets
      640 2  -  Japan market leads losses in the region with 4.2% dive after slide on Wall Street By sivan@sph.com.sg R SIVANITHY sivan@sph.com.sg [SINGAPORE] The selling which has engulfed emerging markets (EMs) in recent weeks continued yesterday, with stock markets in the region plunging in
      PHOTO: BLOOMBERG  -  640 words
    • Article
      Lock icon Regional M&A activity to pick up in 2014
      964 2  -  Interest seen in energy, resources infrastructure sectors: WongPartnership By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Merger-and-acquisi-tion (M&A) activity in the region is set to grow this year, if the political fabric of some countries such as Thailand remains intact. “We’re fairly positive on the
      964 words
    • Article
      Lock icon SRC goes ahead with long-delayed upgrading
      561 4  -  US$500m project includes ‘green’ gasoline facility and cogen plants By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] The green light has finally been given for a US$500 million-plus upgrading of the Singapore Refining Company (SRC) complex on Jurong Island, a project first touted five to six years
      561 words
    • Article, Illustration
      Lock icon M1 mobile users hit by disruptions
      397 4  -  Telco giving free local calls, SMS and MMS on Sunday By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Barely three weeks after the one-year anniversary of M1’s massive service outage, the telco’s customers got a whiff of deja vu yesterday, with intermittent service disruptions that triggered a
      PHOTO: YEN MENG JIIN  -  397 words
    • Article
      Lock icon PICTET
      273 4 Pictet-Absl Rtn Fxd Inc-HP EUR 30/01/2014 EUR 101,69 Pictet-Absl Rtn Glo Div-P EUR 30/01/2014 EUR 113,48 Pictet-Asian Equities Ex Japan-P USD 31/01/2014 USD 175,44 Pictet-Asian Local Currency Debt-P USD 31/01/2014 USD 141,97 Pictet-Biotech-P USD 30/01/2014 USD 611,32 Pictet-Clean Energy-P USD 30/01/2014 USD 83,24 Pictet-Digital Communication-P USD 30/01/2014 USD 203,55
      273 words
    • Article, Illustration
      Lock icon Lenovo shares slump 16% after downgrade by brokers
      575 4 Bloomberg [HONG KONG] Lenovo Group, which announced US$5 billion of deals last month to bolster its server and smartphone businesses, plunged the most in five years in Hong Kong after the stock was downgraded by at least five brokerages. Lenovo fell 16
      Bloomberg; PHOTO: BLOOMBERG  -  575 words
    • Article, Illustration
      Lock icon Citigroup sanguine about Asean despite social tensions
      955 4  -  Reports by leejamie@sph.com.sg JAMIE LEE leejamie@sph.com.sg [SINGAPORE] Citigroup remains optimistic on Asean, as the 10 Southeast-Asian nations in the economic bloc make strides in creating standardised rules to smoothen cross-border trade within the region, said Michael Zink, Citi’s head of Asean, and country
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    • Article
      Lock icon Basel III changes M&A appetite for banks
      534 4 [SINGAPORE] Basel III will dampen banks’ appetite for minority stakes in fellow lenders, says Michael Zink, Citi’s head of Asean and country officer for Singapore. This poses an issue for banks looking to gain a significant foothold in Asean through mergers and acquisitions,
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      52 3 OYSTER PERPETUAL GMT- MASTER II to m. a I o <a> r i THE HOURGLASS TAKASHIMAYA S.C. TEL: 6734 2420 TANG PLAZA. TEL: 6235 7198 ION ORCHARD. TEL: 6509 9282 KNIGHTSBRIDGE. TEL: 6884 8484 ORCHARD CENTRAL. TEL: 6337 8309 RAFFLES HOTEL ARCADE. TEL: 6334 3241 MILLENIA WALK. TEL: 6339 4870
      52 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon DBS, OCBC see jump in brand value
      642 5  -  While both improve their global ranking this year, UOB slips two spots to 89th By JAMIE LEE leejamie@sph.com.sg DBS and OCBC have improved their global brand ranking among lenders in the world with double-digit growth, a study by Brand Finance has found. UOB,
      PHOTO: BLOOMBERG  -  642 words
    • Article, Illustration
      Lock icon Private equity deals continue decline
      626 5  -  2013 volume falls to US$11.4b, the lowest since 2005 By MICHELLE QUAH michquah@sph.com.sg PRIVATE equity (PE) dealmaking activity in the region saw another down year in 2013, with firms closing 900 deals, totalling US$11.4 billion in disclosed private equity investments, according to latest figures from
      Source: Thomson Reuters  -  626 words
    • Article, Illustration
      Lock icon Lotte gets Singapore nod for mall Reit: report
      450 7  -  The IPO could raise up to US$1 b; SGX declines comment By CAI HAOXIANG haoxiang@sph.com.sg THE Singapore initial public offering (IPO) of some shopping malls of South Korea’s largest mall owner Lotte Shopping has gained regulatory approval, said The Wall Street Journal
      PHOTO: BLOOMBERG  -  450 words
    • Article
      Lock icon Otto Marine sells two vessels for US$30m
      211 7 OTTO Marine has sold two vessels to its associate for a total sum of US$30 million, the offshore marine company said. Go Marine Services, formerly known as Expro Synergy, 49 per cent owned by Otto Marine, has completed the execution of its purchase
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    • COMPANY BRIEFS
      • Article
        Lock icon Lian Beng clinches $117m contract
        88 7 CONSTRUCTION firm Lian Beng Group said its wholly owned subsidiary, Deenn Engineering, has secured a construction contract worth about $117 million. Under the deal, Lian Beng will construct a multi-storey building. The contract begins on Feb 12 and will last 32 months. It is expected
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      • Article
        Lock icon Wee Hur secures $103.6m HDB project
        65 7 CONSTRUCTION and development group Wee Hur Holdings said the Housing and Development Board (HDB) has awarded it a $103.6 million building works project in Sengkang comprising 727 dwelling units as well as contingency works. The project, named Fernvale Riverwalk, will begin this month and
        65 words
      • Article
        Lock icon Logistics Holdings bags $31.7m contract
        67 7 CONSTRUCTION firm Logistics Holdings has clinched a $31.7 million contract from the HDB to design and build electrical substations and switch rooms, as well as carry out related works, in Potong Pasir, Bishan and Serangoon. The project began at the end of January and is
        67 words
      • Article
        Lock icon Tritech subsidiary awarded $8.1m deal
        73 7 ENGINEERING firm Tritech Group said its subsidiary Tritech Engineering has received an $8.1 million contract from the Land Transport Authority to provide instrumentation and monitoring services for a part of the Thomson MRT Line. The contract includes supplying and installing geotechnical instruments and monitoring ground
        73 words
    • Article, Illustration
      Lock icon Rex jumps on news of Oman hydrocarbon find
      430 7  -  Discovery made using firm’s virtual drilling technology By ANDREA SOH sandrea@sph.com.sg DEFYING a weak market, Swedish oil and gas exploration firm Rex International’s shares rose 8 per cent to 65 cents yesterday amid heavy trading, after it said that a joint-venture unit
      430 words
    • Article
      Lock icon Yongnam consortium back in the running for Myanmar airport
      226 7  -  By CAI HAOXIANG haoxiang@sph.com.sg ENGINEERING and construction group Yongnam Holdings said yesterday that its consortium has been invited back to bid for Myanmar’s Hanthawaddy International Airport project, after an unsuccessful attempt last year. The consortium, which includes Changi Airport Planners and
      226 words
    • Article
      Lock icon Surprises unlikely in S’pore banks’ Q4 results: analysts
      985 8  -  Resilience of lenders’ strong loans growth in 2013 to be among the areas of focus By SIOW LI SEN lisen@sph.com.sg THE three local banks will be releasing their fourthquarter results next Friday –on Valentine’s Day an unusual alignment but a coincidence at
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    • Article, Illustration
      Lock icon Sell-off in EM assets overdone: UBS CEO
      507 8 US$6.3b pulled from developing-nation stocks in week: EPFR Bloomberg [ZURICH] The sell-off in emerging-market assets that sent the benchmark equity index to the lowest valuation since the 2008 financial crisis may have gone too far, according to UBS AG chief executive officer Sergio
      Bloomberg; PHOTO: REUTERS  -  507 words
    • Article, Illustration
      Lock icon UBS reports big switch back into profit
      473 8 AFP [ZURICH] Swiss bank UBS, in the midst of a refocusing of its activities, reported a huge switch back into profit last year and accelerating performance in the last quarter, in a statement released yesterday. The bank took huge losses from the financial
      AFP  -  473 words
    • Article, Illustration
      Lock icon Auction of Chinese artwork raises $226,000 for charities
      226 8  -  By ARTHUR LEE arthurl@sph.com.sg UOB and one of its customers have raised $226,000 from the bank’s first client auction of a Chinese calligraphic work. The artpiece, measuring five feet by two feet, was produced onsite at a Chinese New Year gathering for
      PHOTO: ARTHUR LEE  -  226 words
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      Lock icon Page 5 Advertisements Column 1
      398 5 ESPLANADE PRESENTS VOCAL MAGIC EVENINGS 8 MAR. SAT. 7.30PM ESPLANADE CONCERT HALL WASHED OUT a Green's "...melodies are drowsily 9orgeous, the basslines bear the influences of 80's R&B..." The Guardian $40* $60 Concessions for students, NSFs and senior citizens: $25* f- cdi 7 FEB 7 MAR FRI 7.30PM esplanade concert
      398 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI battered again, drops another 25 pts
      650 6  -  Fourth straight session of losses, after Wall Street’s steep overnight decline STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index yesterday dropped for the fourth consecutive session, losing 25.15 points or 0.9 per cent at 2,965.8 in response to a steep overnight
      Source: Bloomberg  -  650 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Feb 4 VALUE CLOSE BT OB/OS -1044.00 -71.00 BT CADI -*****.00 -191.00 BT 10-day MA -*****.00 -104.00 FTSE ST Mid Cap 690.93 -5.37 FTSE ST Small Cap 520.88 -4.01 FTSE ST All Share 723.58 -6.01 FTSE ST China Top 192.74 -1.05 FTSE ST China 218.70 +0.23 FTSE
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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 2 8 4 0 0 0 2 8 4 Manufacturing 22 64 42 9 9 7 31 73 49 Commerce 9 35 16 3 4 4 12 39 20 Tpt/Stor/Comms 5 20 14
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Singapore banking sector
        140 6 DMG Partners, Feb 4 SYSTEM loans grew 1.6 per cent m-o-m in December, lifting growth to a high of 19.5 per cent y-o-y in 2013 (Dec 2012: +10.4 per cent y-o-y). Loan expansion was underpinned by the business segment (+22.1 per cent y-o-y) as consumer lending moderated
        Source: Bloomberg  -  140 words
      • Article
        Lock icon SIA Engineering
        348 6 Jan 4 close: $4.81 OCBC Investment Research, Jan 4 SIA Engineering Company's (SIAEC) 3Q14 results missed ours and the street's expectations. Nine months 2014 basic EPS of 18.0 Singapore cents formed 70 per cent of ours and the street's prior FY14 estimates. Q3-14 revenue climbed 2.0 per centy-o-y
        348 words
      • Article
        Lock icon Yield Plays
        376 6  -  Compiled by ANDREA SOH AmFraser, Feb 4 HIGH-YIELDING plays such as S-Reits and business trusts have fallen out of favour among investors as the Fed begins to taper its monthly bond-buying programme. Amid risks of a rising rate environment and potentially higher required rates of returns, we advocate
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,074 21,074 114,562 114,562 Manufacturing 269,573 149,786 419,359 140,066 5,553 145,620 Commerce 139,487 384,461 523,948 113,058 26,285 139,343 Tpt/Stor/Comms 79,316 1,758 81,074 138,321 165 138,486 Finance 42,380 735 43,115 239,645 224 239,869 Construction 61,122 133,015
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change CapMallsAsia 1.690 -0.025 CapitaLand 2.760 CapitaMall 1.845 CityDev 8.680 -0.030 ComfortDelGro 1.910 -0.030 DBS Grp 16.30 -0.240 GLP 2.760 -0.020 Genting SP 1.340 Golden Agri 0.505 -0.005 HK Land 6.100 +0.240 HPH Trust US$ 0.650 -0.010 JMH 52.00 -0.350 JSH 31.03 -0.290
      113 words
    • Article, Illustration
      Lock icon Aussie surges, Sing at 3-week high vs US$
      562 6 CURRENCIES Reuters [LONDON] Australia’s dollar surged almost 2 per cent yesterday after the country’s central bank dropped its bias towards easing interest rates and toned down its long-term call for the currency to weaken. The US dollar, yen and euro were all
      Reuters; PHOTO: BLOOMBERG  -  562 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME Albedo 319,012,000 Charisma Energy 108,530,000 KLW Hldgs 92,074,000 Memstar 40,875,000 MDR 40,178,000 HanKore 39,662,000 Armarda 35,201,000 SingHaiyi 34,209,000 Ntegrator 29,461,000 Rex Intl 29,060,000 VALUE($) DBS Grp 93,941,339 Keppel Corp 78,869,710 SingTel 70,094,123 OCBC Bk 65,862,920 UOB 59,635,210 GLP 52,998,150 CapitaLand 47,345,235 JMH 36,439,287 Genting SP 32,480,310
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    • Article
      Lock icon RISES
      109 6 BY CENTS CLOSE UP GLD 10US$ ***** 208.0 1.4 DBXT S&P Short 10US$ 2730 64.7 1.9 HK Land 610 30.4 4.1 Hyflux 6% CPS 10 ***** 30.0 0.3 CIMBASEAN40 100S$D 1247 12.0 1.0 NKY *****MBePW*****4 31 9.0 40.9 UIC 299 6.0 2.0 NKY *****MBePW*****4 14.8 5.6 60.9 Rex Intl
      109 words
    • Article
      Lock icon FALLS
      133 6 BY CENTS CLOSE DOWN SPDRS S&P 500 10US$ ***** -410.8 -1.8 DBXT MSUSA 10US$ 4337 -334.8 -5.7 DBXT MSKorea 10US$ 5722 -319.5 -4.2 DBXT MSJAP 10US$ 4296 -211.8 -3.7 DBXT MSAsExJp 10US$ 3149 -117.9 -2.9 Jardine C&C 3350 -87.0 -2.5 DBXT FTChina25 10US$ 2651 -86.2 -2.5 DBXT S&P500 10US$
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      19 7 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings WATS NOTICES
      19 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 2
      561 7 MUTUAL FUNDS’ TOP PICKS Category: SGX-listed companies Period: 29 Oct 2013 to 29 Jan 2014 (3 months) In a bid to provide investors with more data to make informed investment decisions, ShareInvestor partners with Ipreo a leading global provider of market intelligence, investor data and workflow solutions to corporate and
      561 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      21 8 GET YOUR COPY NOW! IN THIS ISSUE •STYLISH SPACE-SAVING STRATEGIES •HOT FABRIC TRENDS •PROJECTOR SCREENS 101 FOR MORE DETAILS homeanddecor.com.sg /homeanddecor.singapore
      21 words
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      Lock icon Page 8 Advertisements Column 2
      57 8 16 18 July 2014 Marina Bay Sands, Singapore r ASIA www.OfficExpoAsia.com Next-Generation Workscape v Next-Gen Workforce Next-Gen Workplace Next-Gen Technology Join hands with us, together we shape the next-gen workscape. To exhibit, contact: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Tel: (65) 6848 5938 Email: OEA@bizlink.com.sg Website: www.OfficExpoAsia.com Blk
      57 words
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  • SINGAPORE NEWS
    • Article
      Lock icon MediShield cover to be extended beyond age 90 from March
      461 9  -  Move will benefit some 150 policyholders who are turning 91: MOH By NISHA RAMCHANDANI By nishar@sph.com.sg THE Ministry of Health (MOH) is extending the MediShield maximum coverage age beyond 90 years from March so that the elderly will continue to
      461 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon New direct bus services to CBD from east in Q3
        105 9 THE Land Transport Authority (LTA) said yesterday that it had awarded Aedge Holdings a two-year contract worth $3.4 million to operate three City Direct bus services from Hougang, Bedok and Eunos to the Central Business District (CBD). The new bus
        105 words
      • Article
        Lock icon 2 beaches closed for clean-up of oil spill
        102 9 ABOUT 200 metres of the beach at Kusu Island, north of Lagoon No 1, and 100 metres of the beach at St John’s Island, north of the jetty, are closed until further notice, the National Environment Agency said yesterday. This is to
        102 words
    • Article
      Lock icon SilkAir starts move to all-Boeing fleet
      178 9 SilkAir starts move to allBoeing fleet SILKAIR, the regional wing of Singapore Airlines (SIA), announced yesterday the delivery of Boeing’s NextGeneration 737-800, marking the airline’s transition to an all-Boeing fleet. Over the coming years, Boeing will deliver a total of 2 3 Next-Generation 737-800s and 31 737 Max 8s to
      178 words
    • Article, Illustration
      Lock icon Royal Plaza on Scotts marks CNY
      222 9 THE general manager of Royal Plaza on Scotts, Patrick Fiat, gamely donned the robes, headgear and beard of the God Wealth to welcome guests at the hotel entrance yesterday. Besides handing out mandarin oranges to them, he also gave out the fruit and red
      222 words
    • Article
      Lock icon Pioneer generation to get life-long care
      360 9  -  PM Lee to unveil details of the package to help Singapore’s elderly this Sunday By LEE U-WEN leeuwen@sph.com.sg THE new Pioneer Generation Package is a significant and long-term commitment by the government to take care of the elderly in Singapore for the rest of
      360 words
    • Article
      Lock icon Local start-up ApexPeak seeks to raise US$200m
      306 9  -  By JACQUELYN CHEOK jaccheok@sph.com.sg LOCAL start-up ApexPeak, which offers “invoice discounting” services to small and medium-sized enterprises (SMEs), aims to raise US$200 million for its Global Receivables Fund launched last week to meet what it claims is “soaring demand” for its services. Invoice
      306 words
    • Article
      Lock icon UTAC in deal to acquire 3 Panasonic units
      384 9  -  US$116.5m purchase allows it to diversify product offerings By RAPHAEL LIM raphlim@sph.com.sg UTAC Holdings, a local semiconductor assembly and testing company, will acquire three Panasonic subsidiaries in South-east Asia that provide similar services. The US$116.5 million deal will enable UTAC to diversify
      384 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      187 9 I p r i P r p N AVI G ATI APPLICATION Designed for experienced managers, the Chicago Booth Executive MBA curriculum with its emphasis on general management, will give you an in-depth knowledge of business fundamentals, sharp analytical skills, creative solutions and vision that extends beyond your current job,
      187 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesia seen paying households more on sukuk
      616 10 It will need to offer coupon of about 8.6% on three-year retail sukuk: analyst Bloomberg [JAKARTA] Indonesia will probably have to pay the highest yield since 2010 when it sells Islamic bonds to individuals this month, as households seek greater protection from inflation
      Bloomberg  -  616 words
    • Article
      Lock icon No big surprises seen for M’sian banks
      558 10 They’re expected to release Q4 results in coming weeks [PETALING JAYA] Banks in Malaysia, which will likely release their final-quarter results for the financial year 2013 (FY2013) in the coming weeks, are not expected to spring any major surprises, with most having to
      558 words
    • Article, Illustration
      Lock icon Major revamp expected at Genting group
      446 10 [PETALING JAYA] The Genting group’s global expansion could lead to a major restructuring exercise entailing the merger of Genting Bhd and Genting Hong Kong Ltd and a possible listing of its US gaming assets, according to CIMB Research. It said the size of Genting
      FILE PHOTO  -  446 words
    • Article
      Lock icon MMC-Gamuda bid to take over KTMB ops rejected: report
      347 10 [KUALA LUMPUR] The government has rejected a joint effort by Malaysian Mining Corp Bhd (MMC) and Gamuda Bhd to take over Keretapi Tanah Melayu Bhd’s (KTMB) operations, Malaysia’s Business Times said yesterday. The business daily reported last month that a privatisation
      347 words
    • Article
      Lock icon Indosmelt calls for govt aid
      323 10 Reuters [JAKARTA] Indonesia’s government must provide tax holidays and other financial incentives to convince companies to invest hundreds of millions of dollars to build copper smelters amid weak global prices, said the head of smelting firm PT Indosmelt. President Susilo Bambang Yudhoyono last month imposed
      Reuters  -  323 words
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      Lock icon Page 10 Advertisements Column 1
      868 10 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WISON SINGAPORE PTE LTD (In Members’ Voluntary Liquidation) Reg No. *****2383Z NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 699
      868 words
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      Lock icon Page 10 Advertisements Column 2
      227 10 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF KSR-KUEBLER (SINGAPORE) LEVEL MEASUREMENT CONTROL PTE LTD (In Members’ Voluntary Winding-Up) Company Registration No. *****8538G NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the Members
      227 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Reliance set to unsettle rivals with entry into voice market
      672 11 Company emerges as surprise bidder in India’s airwave auction Reuters [NEW DELHI] If he bets big, billionaire Mukesh Ambani will emerge from this week’s Indian airwave auction armed with spectrum that could make his Reliance Industries Ltd a formidable rival
      Reuters; PHOTO: BLOOMBERG  -  672 words
    • Article
      Lock icon China to ramp up military spending: report
      490 11 NYT [NEW YORK] China already spends more on its military than any country in the world except the US. Now, as defence budgets at the Pentagon and in many Nato countries shrink, China’s People’s Liberation Army (PLA) is gearing up for a surge
      NYT  -  490 words
    • Article
      Lock icon Average salaries in Taiwan fall to 1997 level
      630 11  -  By MARK O’NEILL EJ Insight WHEN a South Korean graduates from university, his starting salary is, on average, 2.6 times higher than that of a graduate in Taiwan. The average salary on the island is the same as it was in 1997.
      EJ Insight  -  630 words
  • Page 11 Advertisements
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      182 11 Love is in the Air Celebrate Valentine's Day with memorable dining and spa experiences at Fairmont Singapore. MIKUNI (Level 3) ALLIGATOR PEAR (Level 8) 14 February 14 15 February 9-course Kaiseki Valentine's dinner set menu 4-course set dinner by the pool $260 per person $75 per person $340 per person
      182 words
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  • WORLD
    • Article
      Lock icon Europe banks' EM exposure sparks concern
      758 12 Loans are 4 times US rivals’; HSBC, StanChart, Santander among 6 lenders seen as most at risk Reuters [LONDON] European banks have loaned in excess of US$3 trillion to emerging markets, more than four times US lenders and putting them at greater risk if
      Reuters  -  758 words
    • Article, Illustration
      Lock icon RBA holds overnight cash-rate at 2.5%
      703 12 Aussie central bank move marks end of 2-year easing cycle Bloomberg [SYDNEY] Australia’s central bank yesterday signalled the end of a two-year easing cycle and foreshadowed stronger economic growth, sending the nation’s currency higher. Reserve Bank of Australia (RBA) governor Glenn Stevens kept the
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      Lock icon Expats in crosshairs as Swiss vote on economydefining labour cap
      919 12 Support for curbs on immigrants could hit economy, says govt Bloomberg [ZURICH] More than one in five workers in Switzerland are foreigners. That could soon change. Almost 12 years after opening borders to European Union (EU) expatriates, the Swiss may
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    • Article
      Lock icon US labour market may be doing better than thought: Fed study
      557 12 Reuters [NEW YORK] A key measure of the US labour market appears to exaggerate the damage brought on by the Great Recession, according to a fresh study by the Federal Reserve Bank of New York, suggesting the job market
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      Lock icon Bonus pool for BOA rate traders smaller: sources
      801 13 Drop of 15-20% said to hit senior traders harder; bonus seen to be paid on Feb 14 Bloomberg Reuters [NEW YORK] Bank of America, the second-largest US lender, has cut the bonus pool for interest-rate traders by 15 per cent to 20
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      Lock icon Barclays CEO turns down 2013 bonus after litigation
      836 13 Bloomberg [LONDON] Barclays plc chief executive officer Antony Jenkins said he will turn down his 2013 bonus, acknowledging that regulatory penalties and lawsuits have continued to impose costs on the bank after it raised £5.8 billion (S$12 billion) from shareholders. “I am
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    • Article
      Lock icon New wave of young US bankers starting non-profits
      902 13 Bloomberg [NEW YORK] The founders of the Resolution Project don’t dwell on generosity or charity when they describe why their non-profit mentors and funds young leaders. They favour the language of finance. “We get good yield,” said Andrew Harris, the group’s 31-year-old
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      Lock icon Ex-banker, chef in crowdfunding tie-up
      509 13 Bloomberg [TOKYO] Osamu Ito, a former Morgan Stanley MUFG Securities Co banker, is setting up a crowdfunding company that will raise money online to invest in start-ups including a Miche-lin-starred chef’s bento box business. Mr Ito, who left the brokerage on Monday to become chief
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    • Article
      Lock icon Maki slams design of new Olympic stadium
      574 14  -  Japan’s renowned architect says ‘huge monster’ destined to be costly white elephant By in ANTHONY ROWLEY in Tokyo A “HUGE monster” monstrous in size, appearance and cost is how an internationally renowned Japanese architect described Tokyo’s proposed 409 billion yen (S$5.1 billion) Olympic
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      Lock icon Bernanke starts new chapter at Brookings
      813 14 NYT [WASHINGTON] For the last eight years, on most weekdays and many weekends, Ben Bernanke was driven to work as chairman of the Federal Reserve. On Monday, he drove himself to a new job as an economic studies fellow at Brookings Institution, a research
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    • Article, Illustration
      Lock icon Increasing heroin use in US stems from abuse of painkillers
      674 14 Trafficking across US-Mexico border has also risen Reuters WP [LOS ANGELES] The apparent heroin overdose death of actor Philip Seymour Hoffman comes amid a sharp rise in trafficking of the illegal narcotic across the US-Mexico border in recent years and
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    • Article
      Lock icon Philippine illicit money inflow hits US$25.8b
      298 14 Reuters [WASHINGTON] More than US$410 billion in illicit money crossed the borders of the Philippines from 1960 to 2011, with customs fraud related to imported goods surging in recent years, according to a study released by a US-based an-ti-graft watchdog group. Global Financial Integrity
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      Lock icon Nikkei leads global stock market decline
      900 15 It notches lowest close since Oct 8; global retreat erases US$2.9t in value Bloomberg [TOKYO] What a difference a year makes. At the end of January 2013, Japanese stocks trailed only Portugal for the biggest rally among developed markets. Now, the Nikkei 225 Stock
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      Lock icon Raise federal debt limit pronto, urges Lew
      710 15 Treasury will run out of cash by end-Feb if not allowed further borrowing WP [WASHINGTON] Treasury Secretary Jack Lew has urged Congress to act quickly to raise the federal debt limit, saying he will run short of cash to pay the nation’s bills
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    • Article
      Lock icon EU companies brace themselves for ‘big bang’ of swaps rules
      578 15 Bloomberg [BRUSSELS] Companies from banks and technology firms to energy suppliers are set to face European Union (EU) swaps rules, amid warnings from some businesses that they may not have all the systems in place to meet this month’s deadline.
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    • Article
      Lock icon S Korea tries to get more women into workforce
      706 15 Companies with low female employment levels to be named Bloomberg [SEOUL] South Korea will adopt a name-and-shame policy, publicly identifying companies with low female employment levels, as President Park Geun Hye targets 1.65 million extra jobs for women. Policy steps will
      Bloomberg  -  706 words
    • Article
      Lock icon Inflation gap between nations to widen further
      692 16  -  Devaluations in Asia and Latin America cited as main cause By NEIL BEHRMANN in London THE gap between developed and emerging nation inflation is expected to widen further due to devaluations in Asia and Latin America. Latest statistics of the Organisation for Economic
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      Lock icon US small firms’ borrowing in Dec signals growth ahead
      428 16 Reu ters [SAN FRANCISCO] US small businesses boosted borrowing in December, pushing a broad lending index to its highest level in nearly seven years and signalling that economic growth may continue swiftly in the early part of this year. The Thomson
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      Lock icon Bill Gates steps down as Microsoft chairman
      600 16 Insider Satya Nadella appointed chief executive AFP Bloomberg [WASHINGTON] Microsoft said yesterday that founder Bill Gates would step down as chairman and assume a new role as “founder and technology advisory” as insider Satya Nadella was named chief executive. Mr Gates “will devote
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    • Article
      Lock icon US CEOs more confident about economy: survey
      367 16 Bloomberg [WASHINGTON] Confidence among US chief executive officers rose in the fourth quarter to the highest level since April 2012 as more business leaders projected gains in sales and employment, a private survey showed. The Young Presidents’ Organization sentiment index climbed to 63.5
      Bloomberg  -  367 words
    • Article, Illustration
      Lock icon Yingluck under fire as rice scheme edges closer to collapse
      719 16 Opposition files court challenge to disrupted election Reuters [BANGKOK] Pressure on Thailand’s embattled government mounted on Tuesday, when a flagship rice-buying scheme vital to its support stumbled closer to collapse and the opposition filed legal challenges that could void a
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      75 13 Hotel Solutions and Food Beverage Trade Show 2014 Planning to visit Myanmar? Hospitality Equipment Tea Hospitality Retail Technology Food Service, Kitchen Equipment Supplies Food Beverage 17 19 February 2014 Myanmar Convention Center, Min Dhamma Road, Yangon Get your free visitor pass now! Register online at www.mhft.sphereconferences.com/ preregisternow.asp Organised by: Find
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  • Transport HUB
    • Article
      Lock icon Picking future marine fuels
      918 17  -  Compared to several alternatives, residual fuel may be unpleasant but it has its advantages STRAIT TALK By DAVID HUGHES LAST week, we had a reminder that commercial ships generally use something called residual fuel oil in their engines. It is not the most pleasant of substances
      918 words
    • Article
      Lock icon Amazon airports seen cutting cargo-haul times
      420 17 Many areas in Brazil need air traffic to grow freight: govt Bloomberg [SAO PAULO] Brazil’s US$3 billion plan to build remote airports to handle freight seeks to end dependence on cargo shipments along the Amazon River and potholed roads that contribute to transport costs
      Bloomberg  -  420 words
    • Article
      Lock icon TRANSPORT STOCKS
      242 17 SGX '000 Feb 04 S$ +/-Vol Ch Offshore 0.43 0.01 60 Chuan Hup Hldg 0.26 unch 12 Cosco Corp 0.70 -0.01 1710 Cwt Limited...............1.29 -0.01 105 First Ship Lea unch unch 0 Grand Banks 0.22 -0.01 100 Jaya Hold Ltd 0.01 K1Ventures Chuan Hup Hldg Keppel Corp 10.19
      242 words
    • Article
      Lock icon Struggling Merpati grounds all flights
      200 17 Reuters [JAKARTA] Indonesia’s PT Merpati Nusantara Airlines has grounded all flights until at least the end of February as the debt-laden state-owned airline struggles to pay for fuel, insurance and salaries, company officials said. Angry customers were demanding refunds for cancelled flights in Merpati’s central
      Reuters  -  200 words
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      Lock icon Port Hedland’s iron ore exports to China up
      450 17 Bloomberg [MELBOURNE] Iron ore sales to China from Australia’s Port Hedland climbed 27 per cent in January from a year earlier as miners increased output and the biggest buyer boosted inventories to the highest level in 16 months. Cargoes from the world’s
      Bloomberg; PHOTO: REUTERS  -  450 words
    • TRANSPORT HUB: AVIATION
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        Lock icon US airlines’ on-time data incomplete: govt report
        666 18 It says statistics capture only 76% of domestic flights at commercial airports NYT [NEW YORK] Starting this week, travellers in the United States once more experienced a new round of cancellations and delays as another winter storm grounded planes yet again. But many
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        Lock icon Southwest sees challenge to American in Dallas
        552 18 Bloomberg [DALLAS] Southwest Airli nes C o t h e l ar g es t low-fare carrier, will increase competition at American Airlines Group Inc’s biggest hub by expanding nonstop service from a rival Dallas airport as US flight limits there end. Nonstop
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      • Article
        Lock icon TripAdvisor redesigns site to break down cost of airline seats
        563 18 NYT [NEW YORK] The online travel company TripAdvisor is set to introduce an ambitious redesign of its flights search feature that will provide detailed information globally on any given flight’s price including added charges for options such as extra legroom
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    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Winter storms a fender bender for US car sales in January
        646 19 Sales were down 3.1% to just over one million vehicles for the month NYT [NEW YORK] Carmakers have reported sharp declines in US sales last month as a harsh freeze and winter storms thwarted purchases across much of the
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        Lock icon Toyota forecasts record annual profit
        852 19 Bloomberg [TOKYO] Toyota Motor Corp, the world’s largest automaker, raised its full-year profit forecast for the third time in as many quarters as the weaker yen boosts earnings from Prius and Lexus vehicles exported out of Japan. Net income will probably almost double to a
        Bloomberg; PHOTO: BLOOMBERG  -  852 words
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        Lock icon US outlines plans for car-to-car warning system
        521 19 NYT [WASHINGTON] The US federal government said on Monday that it planned to require all new cars to broadcast their location, speed, direction and other data, and to receive similar data from other vehicles, to warn drivers of impending collisions. But regulators cautioned
        NYT  -  521 words
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  • Page 18 Miscellaneous
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      343 18 CRYPTIC CROSSWORD Across 1 Greeting today’s settlement of any pay where parking must be included (5,3,4) 9 Confess caution’s given originally for showing affection (9) 10 Socially acceptable kind of Green custom (5) 11 Run through gardens in the garden of England run (6) 12 A worker covering small hospital
      343 words
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  • EDITORIAL & OPINION
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      Lock icon India’s top priority is to revive stalled projects
      513 20 EDITORIAL AS India moves into election mode, high inflation, a weak currency and a perception of policy paralysis have affected investment sentiment. As a result, the 2012-2013 growth, revised to 4.5 per cent from 5 per cent last week, was at a
      513 words
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      Lock icon Bernanke – right man at a fateful juncture
      778 20  - Bernanke right man at a fateful juncture THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group AS Ben Bernanke, now former chairman of the Federal Reserve, must recognise, he is the victim of the law of diminishing returns. In the initial days of the 2008-09 financial crisis, he mobilised
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      Lock icon Fed should stand ready to halt QE unwinding
      1040 20  -  Untimely tightening of US monetary policy could jeopardise economic recovery By DANIEL TENENGAUZER The writer is head of research for the Americas at Standard Chartered Bank THE US economy is likely to grow faster in 2014 after slowing substantially last year. An
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      Lock icon America’s economy may be beating a Japanese path
      1052 21  -  The US is 7% poorer today than expected back in 2007, while Japan’s economy is some 40% smaller than observers back in the late 1980s confidently predicted J BRADFORD DELONG The writer, a former deputy assistant secretary of the US Treasury, is
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    • Article
      Lock icon How foreign worker levy hits productivity
      378 21 LETTER TO THE EDITOR I REFER to the article, “Results of productivity push under question” (BT, Feb 4). Improving the productivity of any economy is a complex issue with many roadblocks along the way. One factor which the government ought to examine is the
      378 words
    • Article
      Lock icon A must-read for anyone tracking the S’pore economy
      725 21  -  Book review by BHANOJI RAO The writer formerly with the National University of Singapore and World Bank is honorary professor, Administrative Staff College of India and ICFAI Business School, Hyderabad, and member of the governing boards of Gitam University and ICFAI Society,
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      Lock icon Energy efficiency – firms can do more
      609 21  - Energy efficiency firms can do more By ULRICH SPIESSHOFER RESEARCH commissioned by ABB has confirmed that energy efficiency remains a high priority for industry executives. Of more than 300 surveyed in the manufacturing and power sectors by the Economist Intelligence Unit (EIU), almost all said that energy efficiency will remain
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  • Article
    Lock icon Shipping Times
    2249 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      133 22 Shanghai Chittagong C a il a n E n n o r e J e d d a h B r Ho Chi Minh NYK RORO &Conventional ServiceREGULAR SERVICE TO REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea, Australia, East South Africa, Asia Europe is b a n e H
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      131 22 V"\ r 40* new RtPO pT EPC fgl Services we provide; Transportation/Haulage Mechanical Repairs Pre Delivery Inspection Refurbishment Accessory Fittings Washing Storage/Preservation Yard Management Wallenius Wilhelmsen Logistics Singapore Pte Ltd Tel: (65) 6379 5166 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com Website: http://www.2wglobal.com FREIGHT LINKS EXPRESS Customer Service Contact: *****535, *****553,
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      129 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 Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 Boost Your Corporate Image
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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
    • Article
      Lock icon SGX MAINBOARD
      2931 24 Transaction date: Feb 4 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote 11.5 7 AEM 14 11.5 8Telecom C'vr Net 188 106 AIMSAMPIReit M Cap
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      Lock icon SGX CATALIST
      280 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller
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    • Article
      Lock icon UNIT TRUST & FUNDS
      11336 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1.7972/ China Opportunities 1 2 6665/ FM local Cry Bond 0 8624/ Furopean
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    • Article
      Lock icon GLOBALQUOTE
      261 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US40.5 -1 3416 41 40.5 40.5 41 2666.7 6 2 OGL Resources A$ A2.1 -1.9 2 2.1 2.1 2.1 3.8 0.3
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      Lock icon SGX ETF
      912 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.1 +0.1 5 113.1 113 113 113.1 516.3 143 119 CIMB APAC Div 100S$D 119 -1 0 119 119 114.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      673 26 Feb 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.33 *****.92 *****.47 Mar14 *****.00 *****.00 *****.00 *****.00 *****6 *****9 Jun14 *****.00 *****.00 *****.00 *****.00 31 3025 MSCI TAIWAN INDEX FUTURES SPOT 297.54 297.54 297.54 Feb14 0 *****3 Mar14 0 36 CNX NIFTY INDEX
      673 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Feb 3 Index Change Change Change Change Change Change World Preliminary 1131.0 -1.3 -4.5 -1.4 -3.9 -1.1 -4.9 EAFE Preliminary 913.1 -1.1 -4.5 -1.2 -4.0 -0.9 -5.0 Europe Preliminary 1309.4 -1.1 -3.4
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Feb 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.987 5.394 0.658 6.909 55.711 108.574 0.900 9.645 2.961 1.092 93.867 40.326 1.129 9.958 0.802 26.965 29.181 0.546 0.890 Canada 1.014 5.467
      471 words
    • Article
      Lock icon SIBOR
      32 26 Feb 4 (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.***** Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 26 Feb 4 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 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.64 5-Year NX*****W 2.5 01-Jun-19 105.16 105.30 104.95 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      134 26 Feb 04 GOLD(US$/oz) Feb 04 Jan 30 Hong Kong 1264.00 1262.09 Feb 03 Jan 31 London 1263.51 1242.20 1264.28 1243.15 Source: Thomson Reuters CAST BAR Feb 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 116 51 5gm 328 257 10gm 587 513
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    • Article
      Lock icon PALM OIL
      57 26 Feb 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 14 2532.0 2521.0 2532.0 2524.0 5 1422 Mar 14 2564.0 2527.0 2564.0 2520.0 2344 ***** Apr 14 2567.0 2529.0 2567.0 2522.0 ***** ***** May 14 2559.0 2528.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Feb 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1281 1.1297 0.8897 0.8902 Canadian dollar 1.1435 1.1450 0.9023 0.9018 Euro 1.7148 1.7164 1.3524 1.3526 NZ dollar 1.0329 1.0345 0.8146 0.8152 Sterling pound 2.0649 2.0671 1.6285 1.6289
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    • Article
      Lock icon CHICAGO BOT
      109 26 Feb 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1292.75 1282.75 1299.75 1278.50 May 14 1278.25 1268.50 1285.00 1264.75 Jul 14 1262.25 1252.00 1267.75 1248.75 Aug 14 1220.00 1210.50 1223.75 1207.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
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    • Article
      Lock icon LIFFE
      94 26 Feb 3 COCOA (£/tonne) Close Prev High Low Mar 14 1862 1844 1864 1836 May 14 1852 1831 1853 1821 Jul 14 1847 1826 1848 1816 Sep 14 1836 1818 1837 1808 COFFEE(US$/tonne) Close Prev High Low Mar 14 1867 1811 1888 1813 May 14 1839 1779 1856 1782
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1106 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 37.5 1.5 10 0.0 5 -88 53 Asia-Pacific Strategic W*****6 0.2 -0.2 549 1 123 187 215.00 3 Ratio Exer Ascendas Reit MB ECW*****3 2.9 0.2 240 1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Feb 03 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 104.96 -2.18 WTI (Near Mth) 96.63 -0.82 Dubai (1-Mth F) 102.13 -1.33 Tapis blend 112.92 -2.15 Minas 105.92 -2.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.83 -0.81 Jet Kerosene 120.75 -1.46 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Feb 4 S$ Bid Offer 1-month 1.2680 1.2690 2-months 1.2680 1.2690 3-months 1.2679 1.2689 6-months 1.2677 1.2687 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 26 Feb-03 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1633.55 1663.25 3 months 1677.00 1706.00 Copper, Grade A(US$/tonne) Cash 7075.00 7096.00 3 months 7038.00 7065.00 Lead(US$/tonne) Cash 2062.75 2094.75 3 months 2083.50 2114.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      127 26 As at 9am Feb 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.140 1.086 Can dollar 1.170 1.125 Euro 1.765 1.681 Sterling pound 2.119 2.038 NZ dollar 1.052 1.012 US dollar 1.302 1.240 Local dollars to 100 units of foreign
      127 words
    • Article
      Lock icon INTERBANK RATES
      161 26 Feb 4 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: N.A US$ 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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  • executive Money
    • Article, Illustration
      Lock icon EMs: No big dent on world economy
      856 27  -  Export/GDP exposure of the US, euro area and Japan to the stressed EM economies is only around 2 per cent MONEY MATTERS EDDY LOH The writer is equity strategist at Barclays EMERGING market (EM) currencies have had a wobbly start in 2014 (see
      Source: Barclays Research, Bloomberg; Source: Haver Analytics, Barclays Research  -  856 words
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      Lock icon EMs see the ‘dark side’ of foreign investments
      1028 27 Emerging economies with weak fundamentals could face an exodus of funds NYT [NEW YORK] IT is no fun to be a central banker in an emerging-market country when investors suddenly grow doubtful. If you don’t do what the foreign investors say you
      NYT; PHOTO: AFP  -  1,028 words
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      Lock icon Page 27 Advertisements Column 1
      159 27 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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      296 28 </\I^ M f A JWv. AW i#»i im if •V f\ fl I vvy THE STRAITS TIMES WHEREVER YOU ARE LIFE'S A REWARD WHEN YOU SUBSCRIBE TO US GET THESE EXCITING GIFTS WHEN YOU SUBSCRIBE TO THE STRAITS TIMES! ALL-IN-ONE PRINT ONLINE TABLET SMARTPHONE Select a Plan and Pick Your
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