The Business Times, 8 February 2014

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Microfilm: NL32979
Total Pages: 40
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g FEBRUARY 8-9, 2014 S$1.00| S$1.00| MCI (P) 086/08/2013
    15 words
  • Article
    Lock icon Exports surprise with 14% jump
    37 1 m’sian economy MALAYSIA’S exports surged 14 per cent in December from a year earlier, surpassing the street’s prediction of 9 per cent and paving the way for a stronger-than-expected GDP growth. 2
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  • Article
    Lock icon Call to tweak cooling measures
    44 1 REDAS EVENT IT is time for the government to tweak some of its property cooling measures, given concerns over the global economy and signs that the property market here is slowing down, said Kwek Leng Beng of CityDev. 3
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  • Article
    Lock icon Waiting for lease renewal
    33 1 GOLF CLUBS GOLF clubs, which have held off major developments as they await confirmation on the renewal of their leases, will learn of their fate come next Sunday. 6
    33 words
  • Article
    Lock icon Great Eastern Q4 profit down 26%
    32 1 EARNINGS SEASON GREAT Eastern Holdings reported that its Q4 profit fell 26 per cent to $165.9 million due to lower profit from its insurance business. 10
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  • Article
    Lock icon Optimism tested as hirings rise less than expected
    614 1 LATEST US DATA Reuters Washington EMPLOYERS in the US hired far fewer workers than expected in January and job gains for the prior month were barely revised up, suggesting a loss of momentum in the economy, even as the unemployment rate hit
    Reuters  -  614 words
  • Article, Illustration
    Lock icon SGX and MAS target contra, penny stocks
    1105 1  -  Market operator and regulator seek feedback on slew of proposed sweeping changes By Kenneth Lim kenlim@sph.com.sg Singapore AN end to uncollateralised contra trading, minimum Mainboard share prices and an independent listings committee are among a proposed suite of sweeping changes for which the
    FILE PHOTO  -  1,105 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Malaysia’s December exports up 14%
      511 2  -  Strong growth led by shipments to S-E Asia and increase in exports to China and Europe By S Jayasankaran btworld@sph.com.sg Kuala Lumpur MALAYSIA’S exports surged 14 per cent in December from a year earlier, surpassing the street’s prediction of 9 per cent and paving the
      PHOTO: BLOOMBERG  -  511 words
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,013.14 (+24.87) GSTI FUTURES 3,011.00 (+25.00) GSIMSCI 344.09 (+2.94) GSIMSCI FUTURES 342.90 (+3.00) STOCKS Friday Change KL COMP 1,808.59 +10.69 NIKKEI 225 14,462.41 +307.29 HANG SENG 21,636.85 +213.72 SET 1,296.49 +1.25 JAKARTA 4,466.67 +41.96 MANILA 6,011.14 -96.55 KOSPI 1,922.50 +14.61 SHENZHEN B 837.57 -12.53 MUMBAI IND 20,376.56 +65.82
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.007 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        50 2 FOREX US$ S$ US$ (S$ per US$) 1.268 (US$/S$ per 1.635 2.074 EURO (US$/S$/€ 1.359 1.723 Foreign currency per US$ S$ YEN 102.10 80.50 RM 3.326 2.622 HK$ 7.759 6.117 BAHT 32.83 25.88 RUPIAH 12,148 9,577 RENMINBI 6.064 4.781 INDIAN RUPEE 62.35 49.16 A$ 1.118 0.882 NZ$ 1.214 0.957
        50 words
    • Article, Illustration
      Lock icon Tweak cooling measures, urges Leng Beng
      767 3  -  He suggests taxing foreign buyers who offload properties within 3-4 years instead By Felda Chay feldac@sph.com.sg Singapore IT is time for the government to tweak some of its property cooling measures such as the additional buyer’s stamp duty (ABSD), given concerns over the global
      767 words
    • Article, Illustration
      Lock icon CapLand to focus China growth efforts in five city-clusters
      505 3  -  By Lynette Khoo lynkhoo@sph.com.sg Singapore CAPITALAND, marking its 20th year in China, is looking to deepen its presence in five city-clus-ters spanning the country. The five city-clusters are Beijing and Tianjin in the north; Shanghai, Hangzhou, Suzhou and Ningbo in the
      FILE PHOTO  -  505 words
    • Article
      Lock icon London property draws the rich from crisis-hit countries
      385 5 Reuters London POLITICAL and financial upheaval in some of the world’s largest emerging economies is driving a new wave of rich migrants to London’s supercharged property market as a place to park their wealth, data from a leading real estate agency showed
      Reuters  -  385 words
    • Article, Illustration
      Lock icon Golf clubs to know lease renewal fate on Feb 16
      509 6  -  The government is expected to announce policy on lease extensions By Andrea Soh sandrea@sph.com.sg Singapore GOLF clubs, which have held off major developments as they await confirmation on the renewal of their leases, will learn of their fate come next
      FILE PHOTO  -  509 words
    • Article, Illustration
      Lock icon The sextciting lives of Singaporeans
      694 7  -  SATURDAY SOAPBOX Joyce Hooi joyceh@sph.com.sg Correspondent AS WE approach the holiday for which countless molluscs will lay down their lives, I take this time of the year to contemplate a romantic question of great importance: is it merely a coincidence that “Valentine’s Day” and “venereal
      PHOTO: REUTERS  -  694 words
    • Article
      Lock icon Sony S’pore reviewing situation after parent’s job cuts
      358 7  -  By Amit Roy Choudhury amit@sph.com.sg Singapore AS Sony’s announcement of exiting the PC business and reducing headcount by 5,000 sent shockwaves across the industry, officials at the Japanese tech giant’s Singapore office said yesterday that they were “reviewing the situation”. When asked
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      46 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-15 World 16-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Watches L2-5 Living/Dining L6-7 Travel L8-10 Dining L11 Wellness L12-13 Motoring L14-15 Health L16 Real Estate 31
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      13 2 45Hopes of positive US jobs report help rein in earlier loss, Page 12
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      340 4 The Business Times fttsgMTs: Balancing Act A GUIDE TO THE 7S 6ij Kenneth Um k.6nli'nf>® >s P v s 3 Fy 2013 Revenue. NlRC N r~~ 21 bilUon rvjTHE PROCESS MONEY COMES FROM (e*o-*v>ple<0 TAXES— Co'TfO'ft&t' $.1 3> b Pers.ovw.1 8 b Hk P Y 2015 Sp^(<JT.iwidbs(Mtw.tei) t> IG0-3 billion
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      32 5 I Hi'] $1.6 MILLION Estimated Draw on Mon, 10 Feb 2014 at 6.30pm For details, visit www.singaporepools.com.sg p yA Always play with care responsibly] Do not bet illegally. RGB Reg No: *****0202G
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      39 6 How far can you care? Extend the outreach of healthcare for each and every Singaporean. Flip to Page R4 of today’s CATS Recruit for the full details for the Ministry of Health position of Assistant Director (Home Community Care).
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The mandarin and the teacher
      2578 8 / 9  -  Long-time civil servant Lim Siong Guan talks to Vikram Khanna about Singapore’s generational challenges and the art of leadership Vikram Khanna vikram@sph.com.sg IT is hard to imagine a career in the Singapore civil service as rich in variety, accomplishment and distinction as that of Lim
      ST FILE PHOTO  -  2,578 words
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  • COMPANIES
    • Article
      Lock icon Great Eastern Q4 earnings down 26%
      689 10  -  Profit from core insurance business falls 23% to $172 million due partly to one-off items By Angela Tan angelat@sph.com.sg Singapore GREAT Eastern Holdings Limited reported yesterday that its net profit for the fourth quarter ended Dec 31, 2013, fell 26 per cent to $165.9
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    • Article, Illustration
      Lock icon Genting Singapore in tie-up to build S Korea integrated resort
      511 10  -  By Grace Leong gleong@sph.com.sg Singapore MAINBOARD-LISTED casino operator Genting Singapore has partnered a Chinese property developer, Landing International Development, to build and operate a US$2.2 billion integrated resort on Jeju island, South Korea. The project, which is expected to open
      PHOTO: REUTERS  -  511 words
    • Business briefing
      • Article
        Lock icon Otto Marine snags long-term charter
        56 10 OFFSHORE marine group Otto Marine has announced that it has secured a long-term charter contract worth US$40 million. The contract is for its 24,000 bhp anchor handling tug supply vessel, Go Pegasus, which will soon be deployed to the North Sea for the summer before
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      • Article
        Lock icon Chuan Hup Hldgs’ Q2 net profit up 9.5%
        91 10 MARINE transportation company Chuan Hup Holdings yesterday posted a 9.5 per cent increase in net profit to US$5.8 million for the second quarter ended Dec 31, from the US$5.3 million last year. This was achieved on the back of a 26.1 per
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    • Article
      Lock icon RHT trustee-manager clarifies links in India deal
      439 11  -  Proposed acquisition not an interested person transaction, it says By Cai Haoxiang haoxiang@sph.com.sg Singapore THE trustee-manager of Religare Health Trust (RHT), a business trust with hospitals in India, has replied to a Singapore Exchange (SGX) query prompted by a BT article. Executive chairman
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    • Article
      Lock icon Longest shipping slump in 3 decades nears end
      528 11 Reuters Singapore THE shipping industry is poised to emerge from its longest downturn in three decades, buoyed by an end to years of overcapacity that have depressed freight rates since the end of a shipping boom in 2008. Dry cargo ships are
      Reuters  -  528 words
    • Article, Illustration
      Lock icon 50% more ETFs launched in Jan than in Dec
      521 11  -  By Michelle Quah michquah@sph.com.sg Singapore INTEREST in exchange traded funds (ETFs) appears to be picking up, if the number of launches is anything to go by. January saw 42 new fund launches around the world 50 per cent more than the
      Source: Markit  -  521 words
    • Article, Illustration
      Lock icon Hopes of positive US jobs report help rein in earlier loss
      751 12  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent IT was a tale of two halves this week the first half saw the Straits Times Index extend its losses from the previous week as emerging market (EM) worries took hold, and the
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    • Article
      Lock icon Global Investments Q4 profit falls 35%
      399 12  -  By Cai Haoxiang haoxiang@sph.com.sg Singapore MUTUAL fund company Global Investments Limited (GIL) recorded a net profit of $3 million for its fourth quarter ended Dec 31, 2013, down 35 per cent from $4.6 million a year ago. This was due to the impairment of
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    • Article
      Lock icon TOP 20 ACTIVES
      237 12 VOL CLOSE Albedo 392 203 5 .8 -0 .5 7 .9 Va l l i anz H l dgs 1 16 -7.9 877 14 .5 0 .0 0 .0 HanKore 1 12 HanKore 693 1 1 -0 .1 -0 .9 KLW H l dgs 1 12 KLW
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    • Article
      Lock icon STI STOCKS
      112 12 Stock name Close Change CapMallsAsia 1.750 +0.035 CapitaLand 2.820 +0.020 CapitaMall 1.825 -0.005 CityDev 9.200 +0.210 ComfortDelGro 1.920 DBS Grp 16.35 +0.050 GLP 2.790 +0.030 Genting SP 1.390 +0.045 Golden Agri 0.520 +0.010 HK Land 6.010 HPH Trust US$ 0.660 -0.010 JMH 52.95 +0.600 JSH 31.45 +0.260 Jardine
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    • Article
      Lock icon TOP GAINERS
      62 12 TOP GAINERS BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 507.3 2.3 Lyxor Indonesia10US$ 7621 282.8 3.0 Jardine C&C 3476 98.0 2.9 DBXT E50 10US$ 4973 90.1 1.4 JMH 5295 76.1 1.1 DBXT MSINDO 10us$ 1211 52.0 3.5 GLD 10US$ ***** 34.2 0.2 JSH 3145 33.0 0.8
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    • Article
      Lock icon TOP LOSERS
      62 12 BY CENTS CLOSEDOWN DBXT S&P Short 10US$ 2685 -35.5 -1.0 Lyxor US DJIA 10 US$ 1589 -14.0 -0.7 Ezra MBeCW*****2 9.3 -8.4 -47.5 IS ASIA HYG100S$D 1340 -7.0 -0.5 Sarine Tech 220 -7.0 -3.1 APStrategic 38 -6.5 -14.6 SIA 944 -6.0 -0.6 DBS Bk 4.7% NCPS 100 *****
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    • Article
      Lock icon Bukit Sembawang Q3 profit drops 20.8%
      303 13  -  Firm warns of challenging conditions that will hurt sales By Jamie Lee leejamie@sph.com.sg Singapore PROPERTY firm Bukit Sembawang Estates has warned that challenging conditions in the residential market are expected to “adversely affect” sales in the year ahead. Its comments came yesterday in its
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    • Article
      Lock icon United Overseas Insurance hit by falling margins
      306 13  -  By Cai Haoxiang haoxiang@sph.com.sg Singapore HIGHER management expenses and lower net commission income hit general insurer United Overseas Insurance (UOI), which reported profit before tax of $5.2 million for its fourth quarter ended Dec 31, 2013, down 18.3 per cent from a year
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    • Article
      Lock icon PCRT distributable income slips 2.5%
      268 13  -  By Cai Haoxiang haoxiang@sph.com.sg Singapore PERENNIAL China Retail Trust (PCRT), which owns and develops shopping malls in China, continued distributing income from earn-out funds while its malls are still under development. It announced distributable income of $10.9 million for its fourth quarter ended Dec 31,
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      Lock icon Page 13 Advertisements Column 1
      418 13 Tender Notice (Open) On behalf of our Client, SINGAPORE NEWS PUBLICATIONS LIMITED, tender is invited for: Proposed Replacement of Existing Active Harmonic Filters Works in SPH News Centre, 1000 Toa Payoh North. The project involves the replacement of existing Active Harmonic Filters and enclosure and cabling and termination works. Eligibility
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  • SINGAPORE
    • Article, Illustration
      Lock icon JTC launches 2 aviation facilities at Seletar Park
      612 14  -  It sees strong interest in the developments costing $1 35m which will be ready in 2015 By Sheena Tan tsheena@sph.com.sg SELETAR Aerospace Park (SAP) will see more buzz with the addition of two new aviation facilities worth $135 million. The developments were
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    • Article
      Lock icon S’pore Red Cross raises $10m for Haiyan victims
      251 14 THREE months after Typhoon Haiyan tore through central Philippines, the Singapore Red Cross (SRC) has announced that it has raised more than $10 million for relief efforts. An initial sum of $750,000 was disbursed during the emergency response phase in December, and
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    • Article
      Lock icon Savills sees private property prices rising 2%, not falling as expected
      690 15  -  Developers unlikely to lower prices below benchmarks just to clear their stock By Mindy Tan tanmindy@sph.com.sg DESPITE expectations of more headwinds, developers are unlikely to lower prices, said Savills Singapore in a report yesterday. In fact, the global real
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    • Article, Illustration
      Lock icon Citibankers evoke Old Shanghai memories
      189 15  -  By Arthur Lee arthurl@sph.com.sg CITIBANK held an “Old Shanghai” theme party last night for around 200 of its important clients at The Westin Singapore. The guests of Citi Treasury and Trade Solutions (CTTS) and Citi Securities and Fund Services (CSFS) were encouraged to come in
      PHOTO: ARTHUR LEE  -  189 words
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      Lock icon Page 14 Advertisements Column 1
      201 14 Receive 2 complimentary drinks in-a-tube!(Worth $26 for $80 spent!) Venue: Wine By The Glass, Marina Bay Link Mall, No.8A Marina Boulevard, #B2-53, Singapore *****4 Tel: 9339 8381 Website:www.drinkintube.com.sg Terms Conditions: Promotion valid from 8 Feb 15 Feb 2014. 2 complimentary Wine/Cocktail in Tube with minimum purchase of $80. While stock
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      156 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ILCO PRIVATE LIMITED Company No: *****0304Z (IN CREDITORS’ VOLUNTARY LIQUIDATION) EXTRACT OF THE MINUTES OF THE EXTRAORDINARY GENERAL MEETING OF THE COMPANY HELD AT 7 SHENTON WAY, #01-02 SINGAPORE CONFERENCE HALL, SINGAPORE *****0 ON 29TH DAY
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  • WORLD
    • Article, Illustration
      Lock icon Indonesia’s new healthcare scheme facing bumpy road
      944 16  -  BJPS architect says lack of funding, poor grasp of benefits hampering patient care By Jeffrey Hutton btworld@sph.com.sg Jakarta THE architect of Indonesia’s new universal healthcare service, which began a phased introduction last month, says that a lack of funding and a poor grasp
      PHOTO: THE JAKARTA POST  -  944 words
    • Article
      Lock icon Jakarta considering tax breaks for corporate bond investors
      376 16 Bloomberg Jakarta INDONESIA is considering tax breaks for investors in the nation’s corporate bonds and is also planning to make it easier for local companies to sell shares to the public, the Financial Services Authority said. The agency, known locally as the
      Bloomberg  -  376 words
    • Article
      Lock icon Games of a different sort in Sochi for Abe
      559 17  -  Japanese premier will cosy up to Russia’s Putin and avoid China’s Xi By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE Prime Minister Shinzo Abe’s high-power diplomacy is set to move into even higher gear this weekend as he holds talks in Sochi with
      559 words
    • Article, Illustration
      Lock icon Sony CEO losing credibility in bid to revive Japanese icon
      697 17 Bloomberg Tokyo KAZUO Hirai, who took the helm at Sony Corp two years ago to revive the Japanese icon, is losing credibility with investors that he’s up to the job. The chief executive officer pledged when he came in to
      Bloomberg; PHOTO: AFP  -  697 words
    • Article, Illustration
      Lock icon Emerging market sell-off isn’t over yet: Mobius
      638 18 MSCI index down 11% from Oct 22 high; outflow for the week to Feb 5 hits US$6.4b Bloomberg Singapore THE worst isn’t over for emerging markets after the benchmark stock index sank to a five-month low and the nations’ currencies tumbled, said Templeton
      Bloomberg  -  638 words
    • Article
      Lock icon Australian central bank raises growth and inflation forecasts
      540 18 Bloomberg Sydney THE Reserve Bank of Australia raised its economic growth and inflation forecasts, reflecting a weaker currency, and reiterated its shift to a neutral policy stance. “Over the past few months, there have been further signs that very stimulatory monetary policy
      Bloomberg  -  540 words
    • Article, Illustration
      Lock icon Thai political unrest sparks a budget crisis
      684 19 Rice-buying scheme in limbo due to cash crunch, investment plans face delay Reuters Bangkok THAILAND’S inability to form a new government has left the country facing a slow-burn budget crisis, with a costly rice-buying scheme close to collapse and public investment plans that
      Reuters; PHOTO: AFP  -  684 words
    • Article
      Lock icon LinkedIn slips 15% on lower sales forecast
      543 19 Bloomberg San Francisco LINKEDIN Corp has forecast sales that trailed analysts’ estimates, pushing the stock down as much as 15 per cent in extended trading as growth slows in all three of the professionalnetworking site’s businesses. First-quarter revenue will be US$455 million to
      Bloomberg  -  543 words
    • Article
      Lock icon Foxconn gives Widodo vote of confidence
      814 20  -  Firm signs letter of intent to build Jakarta factory despite city’s notorious congestion By Jeffrey Hutton Jakarta THE city of Jakarta has secured its biggest ever investment deal, a US$1 billion agreement from Taiwan’s Hon Hai Industry, better known as Foxconn, to build a
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      Lock icon Arms makers forced to wait for India elections
      382 20 AFP New Delhi GLOBAL arms makers gathered in New Delhi for India’s biggest defence show are facing further frustrating delays as they await a new Indian government which they hope can speed up procurement. Big French, British, Russian, US and other arms
      AFP; PHOTO: AFP  -  382 words
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      70 19 HOT PROPERTY \0 i 2 sfo^ 50 s S e F r n, S D NR r! SE WE decor. 5 rms. S2.93m o^ er l-sty 2550sf J 5 N +1 Kayu Terr WWe Park°? reno Aerospace. k 2 cars Sarac 2 a' ST i° RE J SEMhD HOUSES FOR
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      7903 21 Transaction date: Feb 7 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14 11.5 8Telecom 11.5 11.5 13 10.6 1 9.5 55.1 20 3.3 A-Sonic 10.6 -0.1 1222 10.9 10.6 10.6 10.8 1.2
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      Lock icon SGX CATALIST
      1935 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 21 t 3Cnergy 500 27.5 26 31 27.1 28.5 17.1 t 800 Super 24.5 unch 7 24.5 24 24 24.5 3.2 4.1 7.6 43.8
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      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 3 0 0 0 6 4 3 Manufacturing 40 46 40 6 15 5 46 61 45 Commerce 26 14 17 4 7 4 30 21 21 Tpt/Stor/Comms 16 11 9
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      Lock icon BT SHARE INFORMATION SERVICE
      806 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 3 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Global Premium Hotels 06-Feb-14 Koh Wee Meng Buy 1500 0.26 ***** 6.46 ***** 6.61 Internet Tech 06-Feb-14
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      Lock icon SECURITIES TRADING TURNOVER
      123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,725 17,725 71,760 71,760 Manufacturing 295,243 141,416 436,659 152,234 6,198 158,433 Commerce 111,629 581,085 692,714 93,055 47,562 140,616 Tpt/Stor/Comms 111,278 1,300 112,578 177,697 119 177,816 Finance 25,076 293 25,369 217,672 92 217,764 Construction 49,883 115,260
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  • MARKETS
    • Article
      Lock icon LIFFE
      93 25 Feb 6 COCOA (£/tonne) Close Prev High Low Mar 14 1847 1845 1854 1840 May 14 1840 1838 1848 1835 Jul 14 1834 1832 1840 1831 Sep 14 1826 1824 1832 1823 COFFEE(US$/tonne) Close Prev High Low Mar 14 1860 1857 1879 1824 May 14 1845 1848 1863 1809
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      Lock icon METALS
      68 25 Feb 07 GOLD(US$/oz) Feb 07 Feb 06 Hong Kong 1267.00 1265.00 Feb 06 Feb 05 London 1255.60 1260.30 1256.45 1261.35 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.78 25.00 Source: UOB Source: UOB PLATINUM Lon (US$/oz) Feb 06 Close Previous PM Fix 1380.00 1383.00 AM Fix 1379.00
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      Lock icon PALM OIL
      57 25 Feb 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 14 2578.0 2577.0 2582.0 2576.0 143 1242 Mar 14 2572.0 2575.0 2585.0 2571.0 919 ***** Apr 14 2577.0 2578.0 2590.0 2571.0 9806 ***** May 14 2573.0 2575.0
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      Lock icon GOVERNMENT SECURITIES
      84 25 Feb 7 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-16 101.58 5-Year NX*****W 2.5 01-Jun-19 105.54 105.75 105.55 10-Year NX*****H
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Feb 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1341 1.1347 0.8942 0.8945 Canadian dollar 1.1458 1.1464 0.9038 0.9034 Euro 1.7229 1.7235 1.3584 1.3587 NZ dollar 1.0444 1.0450 0.8235 0.8238 Sterling pound 2.0732 2.0741 1.6346 1.6351
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Feb 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.162 1.107 Can dollar 1.166 1.122 Euro 1.762 1.679 Sterling pound 2.108 2.027 NZ dollar 1.069 1.028 US dollar 1.294 1.233 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article
      Lock icon CHICAGO BOT
      104 25 Feb 6 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 14 1325.75 1316.25 1334.50 1314.75 May 14 1311.75 1299.50 1317.00 1298.00 Jul 14 1292.75 1280.75 1296.25 1278.00 Aug 14 1246.00 1236.50 1249.00 1233.50 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 14 38.66 38.23 39.03 38.15
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      Lock icon STOCK MARKETS
      2 25
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      Lock icon OIL
      68 25 Feb 06 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 106.45 1.22 WTI (Near Mth) 97.84 0.48 Dubai (1-Mth F) 102.83 0.48 Tapis blend 113.84 0.40 Minas 106.84 0.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.83 -0.23 Jet Kerosene 121.02 0.01 US$/barrel OpecOil Basket Price 103.34
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      Lock icon LONDON METALS
      72 25 Feb 06 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1671.50 1657.25 3 months 1713.00 1701.00 Copper, Grade A (US$/tonne) Cash 7178.00 7083.50 3 months 7129.50 7039.00 Lead (US$/tonne) Cash 2097.50 2074.75 3 months 2118.00 2097.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Feb 6 Index Change Change Change Change Change Change World Preliminary 1136.9 1.1 -4.0 1.1 -3.9 1.1 -4.3 EAFE Preliminary 916.6 1.2 -4.2 1.3 -4.0 1.3 -4.4 Europe Preliminary 1330.4 1.6 -1.8
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon It’s me, myself and my handbag
      1151 26 / 27  -  Those who buy luxury bags choose brands that help to express their personality to others, a survey by Veronica Chan Wai Yi and Ang Swee Hoon shows Veronica Chan Wai YI, Ang Swee Hoon ~The writers are a final year undergraduate and an associate
      ST FILE PHOTO  -  1,151 words
    • Article
      Lock icon Human skills that computers can’t match
      818 26 / 27  -  By David Brooks NYT WE’RE clearly heading into an age of brilliant technology. Computers are already impressively good at guiding driverless cars and beating humans at chess and Jeopardy. As Erik Brynjolfsson and Andrew McAfee of the Massachusetts Institute of Technology point out in
      NYT  -  818 words
  • Page 26 / 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 / 27 Miscellaneous Column 1
      310 26 / 27 SATURDAY with Ludwig I’m looking for something to celebrate our companies’ merger. CRYPTIC CROSSWORD Across 1 Reproducing Booth in spirit, I will be crusader against drink (14) 10 Be at focus? Not exactly what Sir Humphrey does (9) 11 Discernment shown by taking son into art gallery (5) 12 Dismissed
      310 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Taking on activist hedge funds
        1154 28 / 29  -  An unlikely alliance of investors, board members and advisers is trying to counter the funds’ influence on American companies. By David Gelles By David Gelles NYT RELATIONSbe-tween big public companies and their largest shareholders can at times take on the qualities of a long, unsatisfactory
        NYT; PHOTO: STOCK.XCHNG  -  1,154 words
      • BROKERS' TAKE
        • Article
          Lock icon Singapore Airlines
          296 28 / 29 Hold OCBC Investment Research Feb 7 Close: $9.44 SINGAPORE Airlines’ (SIA’s) Q3-FY14 revenue was in line with our expectations (+0.4 per cent y-o-y to S$3.9 billion), while Patmi was off (-64.8 per cent to S$50.1 million) because of exceptional items and losses from associated companies. The exceptional items
          296 words
        • Article
          Lock icon StarHub
          210 28 / 29 Buy Maybank Kim Eng Feb 7 Close: $4.24 STARHUB’S FY13 results were within expectations with net profit of S$371 million, up 3 per cent y-o-y. Overall, all lines of business performed within expectations, including the ultra-competitive consumer fixed broadband business. A final dividend of 5 cents a share was
          210 words
        • Article
          Lock icon Ascendas Hospitality Trust
          256 28 / 29  -  Compiled by Andrea Soh Hold DBS Vickers Feb 7 Close: $0.74 ASCENDAS Hospitality Trust (A-HTrust) reported higher revenues and net property income (NPI) of S$56.6 million and S$23.4 million, which were 10 per cent and 37 per cent higher y-o-y, respectively. The refurbishment and rebranding exercises at
          256 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon JC Penney to develop area around its Texas HQ site
        343 30 Retailer has raised US$3b through loans, stock offerings to fund 97 ha project Bloomberg Chicago JC PENNEY reached an agreement with three companies to develop 240 acres (97 hectares) surrounding its headquarters in Plano, Texas, as real estate demand climbs
        Bloomberg  -  343 words
      • Article
        Lock icon Househunt
        469 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN DEC 25 AND DEC 31, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Emerald Gdn Apt 26/12/2013 999 807 1562 1934 District 3 NON-LANDED The Metropolitan Apt
        469 words
      • Article
        Lock icon Danske considering sale of Irish rental homes
        246 30 Bloomberg Dublin DANSKE Bank S/A says it is “exploring options” to sell a portfolio of Irish investment residential properties as Denmark’s biggest lender retreats from the country after a real estate crash. The Copenhagen-based lender is looking to sell about 600 homes in
        Bloomberg  -  246 words
      • Article, Illustration
        Lock icon Financiers of overdeveloped Sochi face possible losses
        1136 31 Post-Games property glut renders Putin’s ambition for the Winter Olympics host city a miscalculation Bloomberg Moscow THE US$50 billion makeover of Sochi is visible from space. In 2007, soon after the Russian city won the bid to host the 2014 Winter Olympics, cosmonaut
        Bloomberg; PHOTO: BLOOMBERG  -  1,136 words
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      30 32 THERE ARE EXCEPTIONS TO EVERY RULE. JULES AUDEMARS DIAMOND SET IN PINK GOLD. JULE SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 AUDEMARSPIGUET .COM
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      58 1 LIVING/DINING V-Day cupid concierges L6-7 LivingBTTHE BUSINESS TIMES WEEKEND FEBRUARY 8 9 2014 HIGH TIME Luxe watches go from horological heights to a paring down of prices L2-5 DINING Seafood pioneer’s longevity L11 PHOTO: CARTIER WELLNESS Anti-ageing diet and workouts L12-13 MOTORING Audi and Volkswagen rollouts L14-15 HEALTH Medical aspects
      58 words
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  • BT Living
    • WATCHES
      • Article, Illustration
        Lock icon HIGH TIME
        2028 2 / 3  -  This year’s Salon International de la Haute Horlogerie kicked off with both gravity-defying innovations in the horological universe as well as the obverse once sky-high luxury watch prices that are now more down-to-earth. By Chuang Peck Ming peckming@sph.com.sg I T was one of the two biggest annual watch
        PHOTOS: BLOOMBERG, CARTIER  -  2,028 words
    • LIVING/DINING
      • Article, Illustration
        Lock icon Dial for love
        903 6 / 7  -  ‘Cupid concierge’ services lend a hand to hopeless and helpless romantics for their special Valentine’s Day trysts. By Debbie Yong By Debbie Yong SO you went all out with that multiple-car-at diamond ring or the all-expenses-paid holiday for your other half last Valentine’s Day, but there’s only
        903 words
      • Article, Illustration
        Lock icon Truly, madly, deeply
        498 6 / 7  -  Seasoned concierges around town share their most memorable requests By Debbie Yong debyong@sph.com.sg “ONE of our members was planning her wedding and among her list of guests was a long lost nanny from the time when she was child. We didn’t have any information on her besides
        498 words
    • TRAVEL
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        Lock icon Argentina’s indigenous colour
        2120 8 / 9  -  Though first-time tourists would most likely skim the surface of Bueno Aires, there are more areas to explore to get a different flavour of the country. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg WE walked briskly through several streets of shops and crossed the grand, multi-laned La
        PHOTOS: CHEAH UI-HOON  -  2,120 words
    • DINING
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        Lock icon Netting the top spot
        1069 11  -  guest chef To fete Pioneer Seafood restaurant’s 35th year, former chicken farmer and septuagenarian restaurateur Lee Choon Huat shares his secret to longevity in the fickle F&B business. By Debbie Yong By Debbie Yong debyong@sph.com.sg WILD caught, hormone-free and homemade. Long before these became trendy catchphrases
        PHOTOS: PIONEER SEAFOOD  -  1,069 words
    • WELLNESS
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        Lock icon Lose that festive flab
        2085 12 / 13  -  Now that the Chinese New Year celebrations are over, it’s time to get serious about that resolution to lose weight and live a healthier lifestyle. Cheah Ui-Hoon looks at a new age management programme offered at a local clinic, and also two new exercise modalities to
        Source: 2013 Cutis Medical Laser Clinics Pte Ltd  -  2,085 words
    • MOTORING
      • Article, Illustration
        Lock icon GREAT WAY TO FLY
        571 14  -  The SQ5 is the fastest version of Audi's popular compact SUV. By Samuel Ee samuelee@sph.com.sg IT is unlikely that anyone will confuse the SQ5 with an SIA flight even though both offer the possibility of high-speed travel. The Audi SQ5 3.0 TFSI is the “S” version
        571 words
      • Article, Illustration
        Lock icon ICE ROAD WARRIOR
        767 15  -  test drives the VW Golf R in the frozen depths of northern Sweden Ven Sreenivasan ven@sph.com.sg A JOURNEY of some 24 hours via three flights to the frigid and wintry Lapland of northern Sweden can be a tiring affair. But the prospect of putting Volkswagen’s most powerful
        767 words
    • HEALTH
      • Article, Illustration
        Lock icon Dying to run? Think again
        1544 16  -  A study has shown that sedentary middle-aged people should seek medical clearance before plunging headlong into a vigorous exercise programme Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the British
        PHOTO: AFP  -  1,544 words
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      1107 10 wine&dine with BTWeekend Peach Blossoms Marina Mandarin Singapore, 6 Raffles Boulevard, Level 5 Peach Blossoms Chinese New Year Takeaways Jan 5 to Feb 14 Marina Mandarin introduces Peach Blossoms Organic fruits Yu Sheng to usher in a healthy and fruitful year ahead. Tastefully enhanced with fresh organic strawberry, mango, rock
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