The Business Times, 11 February 2014

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, February 11, 2014
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  • Article
    Lock icon Market greets proposed rule changes with thoughtful ‘hmm’
    653 1  -  Investors take regulators’ measures in their stride, negating fears of repeat of HK’s big penny stocks sell-off in 2002 By JAMIE LEE, ANDREA SON, KENNETH LIM leejamie@sph.com.sg sandrea@sph.com.sg kenlim@sph.com.sg [SINGAPORE] Singapore investors gave a measured response yesterday to regulators’ proposals for fundamental
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,017.20 (+4.06) GST INDEX FUTURES 3,015.00 (+4.00) GSIMSCI 344.78 (+0.70) GSIMSCI FUTURES 343.20 (+0.30) US$ S$ US$ (S$ per US$) 1.270 (US$/S$ per 1.640 2.082 EURO (US$/S$/€ 1.364 1.731 Foreign currency per US$ S$ YEN 102.20 80.50 RM 3.337 2.628 HK$ 7.757 6.110 BAHT 32.83 25.86 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,816.14 +7.55 NIKKEI 225 14,718.34 -255.93 HANG SENG 21,579.26 -57.59 SET INDEX 1,290.66 -5.83 JAKARTA COMP 4,450.75 -15.92 MANILA COMP 6,042.25 +31.11 SEOUL COMP 1,923.30 +0.80 SHENZHEN B 850.22 +12.64 MUMBAI IND 20,334.27 -42.29 11.00am EST Change DOW 15,750.24 -43.84 NASDAQ 4,127.76 +1.90
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA KOREA TAIWAN 5.036 JAPAN 1.475 KOREA INDIA BRITAIN Source: Bloomberg
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  • Article
    Lock icon Refinancing reprieve for homeowners who bought before last June 29
    819 1  -  TDSR cap waived if owner-occupied; same for investment units subject to terms By SIOW LI SEN lisen@sph.com.sg With additional reporting by Kalpana Rashiwala [SINGAPORE] Leveraged homeowners mulling over refinancing of their mortgages have been given a breather from the strict
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      126 1 PROPERTY Resale of non-landed homes in January down 70% PAGE 30 SME Inc Gryphon’s Lim Tian Wee: Just his cup of tea PAGE 15 CORPORATE RESULTS Neptune consolidation boosts MTQ’s Q3 profit PAGE 8 COMPANIES Strong demand for CLSARoxy’s property sale in HK PAGE 12 ISee Pages 4, 23, 24
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      25 1 STOCKMARKET REVAMP IHock Lock Siew: Tacit agreement that SGX’s dual role is untenable IContra rules good for quality, but could hurt volumes: industry PAGE 6
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  • TOP STORIES
    • Article
      Lock icon Indonesia’s greenfield refinery meeting cancelled
      433 2  -  Naming of ship after MacDonald House bombers likely link By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] The flak over Indonesia’s naming of a ship after the Indonesian marines who bombed Singapore’s MacDonald House in 1965 has spilt over to the energy front. An earlier-scheduled Indonesian government meeting
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    • Article
      Lock icon Construction firms among best in paying up in Q4
      513 2  -  They pay up in just 32 days; 4 years ago, they were among the tardiest By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] Construction firms are among the best in paying creditors here, taking just 32 days to settle a debt in the
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    • Article
      Lock icon THREE-MINUTE DIGEST
      472 2 Market greets proposed rule changes with ‘hmm’ TRADING came to a quiet 1.5 billion shares worth $885 million as the bluechip STI nudged higher to 3,017.2. FRONT PAGE Refinancing reprieve on TDSR for some homeowners LEVERAGED home owners mulling refinancing of their owner-occupied unit have been given a
      472 words
    • Article, Illustration
      Lock icon Boeing big on region for commercial, defence planes
      624 4  -  It sees additions to fleets dominated by single-aisle planes in Asia-Pacific SINGAPORE AIRSHOW 2014 By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Boeing is bullish on prospects in the region, both on the commercial and defence fronts, it told the media here yesterday. On the
      PHOTO: BLOOMBERG  -  624 words
    • Article
      Lock icon First Scoot Dreamliner expected in Nov
      438 4  -  By SHEENA TAN tsheena@sph.com.sg [SINGAPORE] Budget carrier Scoot said yesterday that it expected the Boeing 787-9, the first of its new fleet of 20 B787s worth US$4.6 billion, to be delivered and begin operations in November this year. Scoot took over the order from
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    • Article
      Lock icon A-Sonic CEO scales up Air Caucasus stake to 49%
      386 4  -  By RAPHAEL LIM raphlim@sph.com.sg [SINGAPORE] Mainboard-listed logistics and aerospace player A-Sonic Aerospace’s chief executive, Janet Tan, has bought a 49 per cent stake in Georgia-based airline Air Caucasus. An initial 25 per cent was invested last May through Ms Tan’s personally-owned
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    • Article, Illustration
      Lock icon Call for govts to avoid over-regulating aviation
      479 4  -  Liberal policies tend to benefit the sector as a whole Reports by NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] While governments need to play a strong role in regulating safety and security in the aviation industry, they should avoid over-regulation when it comes to other areas
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    • Article
      Lock icon Press on with measure to curb emissions: panel
      337 4 [SINGAPORE] The global aviation community must continue to work on establishing a global market-based measure (MBM) to curb the growth of carbon emissions from airlines, even as Europe pushes for a watered-down version of its emissions trading scheme (ETS) for the aviation
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    • Article, Illustration
      Lock icon P&W to remain focused on narrow body aircraft
      441 4  -  By RAPHAEL LIM raphlim@sph.com.sg [SINGAPORE] Aero engine giant Pratt Whitney (P&W) will remain focused on narrow body aircraft in the short term, with larger aircraft a “longer-term opportunity”, the company’s president, Paul Adams, said. In an interview with The Business Times yesterday,
      PHOTO: BLOOMBERG  -  441 words
    • Article, Illustration
      Lock icon Contra rules good for quality, but could hurt volumes: industry
      784 6  -  5% collateral seen as reducing risk without crimping turnover too much STOCKMARKET REVAMP By KENNETH LIM By kenlim@sph.com.sg [SINGAPORE] Proposed curbs targeting uncollateralised contra trading should improve the quality of the Singapore stock market, but the hit on liquidity remains
      ST FILE PHOTO  -  784 words
    • Article
      Lock icon No delisting pressure from proposed minimum trading price
      467 6  -  By JAMIE LEE leejamie@sph.com.sg [SINGAPORE] The proposed regulation to impose a minimum trading price for mainboard companies is unlikely to create delisting pressure, market watchers say. Authorities on Friday proposed a raft of regulatory changes, in the wake of the penny-stock collapse
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    • Article
      Lock icon Independent listing committee will add expertise
      519 6  -  But composition will be extremely critical: observers By ANDREA SOH By sandrea@sph.com.sg [SINGAPORE] Industry observers welcomed the Singapore Exchange’s proposal of an independent listings advisory committee for SGX, saying that it will help the exchange to make sense of unusual features in potential listings
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    • Article
      Lock icon Tacit agreement that SGX’s dual role is untenable
      931 6  -  HOCK LOCK SIEW By MICHELLE QUAH michquah@sph.com.sg SINGAPORE’S market regulators seem to finally be in agreement with a position that The Business Times has taken for years that having a profit-driven market regulator, one with dual roles of revenue generation and market
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    • Article
      Lock icon CHC defence to submit ‘no case to answer’
      391 6  -  CITY HARVEST CHURCH CASE By michquah@sph.com.sg MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] After months spent presenting its arguments, evidence and witnesses before the court, the prosecution has concluded its case against six City Harvest Church (CHC) members accused of criminal breach of trust and/or
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      193 2 (Name subject to authority's approval) O Guest workers’ accommodation 7 4- r 1 KM The ■»t Gy w TRHard Courts IB 1 1P m i 0 i "tP ml X 1 Iff® Multi-purpose Hall i3 i 1 nl 1 1 fill is mm iliSiii* ti s \n ent° r To
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      72 3 k-Z s 1 r, a xijt Afe* fe 9 m o V y ...M I m Mil r \V PIAGET GOUVERNEUR Piaget Manufacture movement 882P Mechanical self-winding chronograph Flyback, dual time Pink gold, sapphire case-back Alligator strap PiageT piaget.com m m m PIAGET Boutiques: 02-12A Takashimaya Shopping Centre, Ngee Ann
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      166 5 I ~|B|- SPACIOUS FROM ANY ANGLE. COMFORTABLE N ANY SEAT. THE NEW LEXUS ES, THE ESSENCE OF LUXURY. The new Lexus ES is the definition of true comfort, with more generous legroom from an increased wheelbase, and an ergonomically designed cabin for both the driver and passengers, A true five-seat
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      172 7 f ©Airbus #A350 MW* It’s here! The A350 XWB. The world’s newest and most modern widebody airliner has arrived in Singapore and will be on display at this week’s air show. The A350 XWB will bring a new dimension of efficiency with 25% lower operating costs than previous generation competitors.
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  • COMPANY NEWS
    • Article
      Lock icon Neptune consolidation boosts MTQ’s Q3 profit to $6.4m
      411 8  -  Revenue more than doubles to $75.1 m due to contribution from Australia-based subsidiary By CAI HAOXIANG haoxiang@sph.com.sg CONTRIBUTIONS from recently acquired subsidiary Neptune Marine Services boosted the numbers for oilfield engineering company MTQ Corporation, which reported net profit of $6.4 million for
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    • Article, Illustration
      Lock icon M&C buys hotel in New York for US$273.6m
      319 8  -  By MINDY TAN tanmindy@sph.com.sg MILLENNIUM Copthorne Hotels, through its whol-ly-owned indirect subsidiary M&C New York (Times Square), is acquiring the freehold interest in Novotel New York Times Square for US$273.6 million. The seller is 226 West Fifty-Second Street, a partnership led by
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    • Article
      Lock icon CMT launches second offering of retail bonds
      321 8  -  By JACQUELYN CHEOK jaccheok@sph.com.sg CAPITAMALL Trust (CMT) is issuing up to $200 million worth of seven-year retail bonds which will pay a fixed interest of 3.08 per cent per annum, the second offering under its $2.5 billion retail bond programme unveiled in February
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    • Article
      Lock icon Loyz returns to the black with $1.57m net in Q2
      224 8  -  By JACQUELYN CHEOK jaccheok@sph.com.sg CATALIST-listed Loyz Energy swung to a net profit attributable to owners of $1.567 million for the second quarter ended Dec 31, 2013, from a net loss of $1.245 million a year ago. Revenue from continuing operations
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    • Article, Illustration
      Lock icon Slide in S’pore stocks expected to continue
      1113 11 ST Index already trails other indexes in South-east Asia for the year-to-date Bloomberg [SINGAPORE] Baring Asset Management Co and Bank Julius Baer Co expect a deepening slump in Singapore stocks, the worst performers this year among South-east Asian markets. The benchmark Straits Times
      Bloomberg; PHOTO: REUTERS  -  1,113 words
    • Article
      Lock icon Pacific Radiance clinches deals worth US$59m
      184 11  -  By JACQUELYN CHEOK jaccheok@sph.com.sg MAINBOARD-listed Pacific Radiance said yesterday it recently secured a series of charter contracts totalling US$59 million from repeat clients. While the integrated offshore marine company declined to name the clients or projects, a spokeswoman said it had secured these contracts
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    • Article, Illustration
      Lock icon Strong demand for CLSA-Roxy’s HK retail floors
      493 12  -  Tie-up sells 2 more floors at higher prices, in addition to an initial 10 floors By KALPANA RASHIWALA kalpana@sph.com.sg A JOINT VENTURE between Singapore’s Roxy-Pa-cific Holdings and CLSA Capital Partners has found strong demand for strata retail floor sales in a building in
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    • COMPANY BRIEFS
      • Article
        Lock icon Cityneon wins job for Qatar pavilion
        48 12 CITYNEON Group has won a $15 million contract to design and construct the national pavilion for the state of Qatar at World Expo Milano 2015. It expects the contract to contribute positively to earnings and NTA per share for the current year.
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      • Article
        Lock icon 800 Super interim gain slides 10%
        80 12 800 Super Holdings’s profit attributable to equity holders dropped 10 per cent to $2.3 million, even as revenue increased 10.6 per cent to $52.2 million for the six months ended December. The drop was largely due to higher employee benefits expense of $3.5 million,
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      • Article
        Lock icon Hai Leck improves Q2 earnings
        103 12 HAI LECK Holdings’s net profit rose 4.6 per cent to $3.7 million for the second quarter ended December, as revenue rose 25.9 per cent to $39.8 million. For the first half of the year, net profit rose 23.4 per cent to $7 million while revenue
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      • Article
        Lock icon Trek gets patent for FluCard
        85 12 TREK 2000 International’s proprietary FluCard has been granted patent protection for 20 years across major jurisdictions worldwide. Trek’s FluCard is compatible with any devices with a SD host slot and when plugged, the device gains Wi-Fi functionality and is able to wirelessly transmit files to
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    • Article
      Lock icon Metro Q3 net surges 91% on 1-off gain
      364 12  -  By MINDY TAN tanmindy@sph.com.sg METRO Holdings’ net profit soared 91.2 per cent to $29.3 million for the third quarter ended December, from $15.3 million a year ago, mainly due to a one-off gain of $19.1 million in negative goodwill on the acquisition
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    • Article, Illustration
      Lock icon M1 tweaks site switches, software after outage
      281 12  -  By JOYCE HOOI joyceh@sph.com.sg M1 is tweaking its site switches and software in the wake of a service disruption which lasted about five hours last week, it said yesterday. The telco also said that a preliminary investigation of the disruption found that a
      PHOTO: YEN MENG JIIN  -  281 words
    • Article
      Lock icon Yongmao posts six-fold rise in Q3 net profit
      454 12  -  Higher-margin luffing cranes push earnings to 12.4 million yuan By CAI HAOXIANG haoxiang@sph.com.sg CHINA-BASED crane maker Yongmao Holdings has reported a net profit of 12.4 million yuan (S$2.6 million) for its third quarter ended Dec 31, 2013 almost six times the 2.1
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    • Article
      Lock icon Genting unit inks $1.2b deal to build luxury liner
      267 12  -  By CARINE LEE carinel@sph.com.sg GENTING Hong Kong Limited yesterday said its indirect wholly owned subsidiary Chinese Precept Limited has inked a 697.2 mil-lion-euro (S$ 1.2 billion) shipbuilding contract with Meyer Werft GMBH. The vessel is to be built as a luxury
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      Lock icon Page 8 Advertisements Column 1
      186 8 A Forum for Workplace Health Promotion Practitioners and HR Managers WINNING WAYS IN WORKPLACE HEALTH A healthier workplace has potential benefits for both the employee and employer EMPLOYER may be able to look forward to better staff morale, reduced absenteeism and improved productivity EMPLOYEE feel healthier and happier, lower medical
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      Lock icon Page 8 Advertisements Column 2
      169 8 Broaden your international outlook with a Master’s degree. It’s possible. 1 Our Annual Open House Returns! 22 March 2014 (Saturday) 11am to 5pm Edinburgh Napier UNIVERSITY One of the Top 10 UK universities for “getting a job” (The Telegraph, 2012) Industry-informed programmes designed for today’s global economy Lectures will be
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      129 9 SEAMLESS CLOUD FORTHE WORLD NTT Communications provides global enterprises with a broad suite of Information and Communication Technology (ICT) services—all powered by more than 140 data centres worldwide with network coverage in 196 countries/regions. Our Software-Defined Networking based comprehensive cloud services, make your migration process simple, and help you optimise
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI rises but broad market weakens
      678 10  -  Late push from Europe’s opening reverses index’s losses earlier in the day STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE bounce the Straits Times Index enjoyed on Thursday and Friday lost a bit of momentum yesterday. The index spent virtually all of the afternoon session
      Source: Bloomberg  -  678 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Feb 10 VALUE CLOSE BT OB/OS -776.00 +33.00 BT CADI -*****.00 -73.00 BT 10-day MA -*****.00 -77.00 FTSE ST Mid Cap 697.87 -0.27 FTSE ST Small Cap 521.67 -1.60 FTSE ST All Share 734.36 +0.53 FTSE ST China Top 194.15 +0.12 FTSE ST China 220.91 +0.37 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 10 VOLUME Albedo 89,596,000 SIIC Env 86,032,000 Memstar 70,753,000 Charisma Energy 64,947,000 HanKore 51,791,000 Transcu Grp 45,801,000 GSH Corp 39,924,000 Noble Grp 39,598,000 KLW Hldgs 32,572,000 Genting SP 32,178,000 VALUE($) SingTel 59,626,260 DBS Grp 49,749,283 UOB 49,597,168 Genting SP 45,667,785 Keppel Corp 39,182,880 Noble Grp 38,380,430 OCBC Bk
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 3 0 0 0 3 8 3 Manufacturing 36 55 42 3 14 7 39 69 49 Commerce 16 22 18 5 10 1 21 32 19 Tpt/Stor/Comms 14 18 9
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Genting Singapore
        444 10 Feb 10 close: S$1.415 CIMB Research, Feb 10 GENTING Singapore’s US$2.2 billion investment in an integrated resort in Jeju, Korea, is in line with our view that the Genting group is aggressively venturing into new markets, one of the key themes in our 2014 Gaming Navigator and a
        Source: Bloomberg  -  444 words
      • Article
        Lock icon SIIC Environment Holdings
        485 10  -  Compiled by Kenneth Lim Feb 10 close: S$0.194 DBS Vickers Research, Feb 10 INITIATING coverage on SIIC with “buy” for 33 per cent potential return to 12-month TP of S$0.25. Strong parent support and positive industry fundamentals will drive 49 per cent net profits CAGR (compounded annual
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,195 27,195 65,985 65,985 Manufacturing 228,894 96,410 325,304 86,148 4,598 90,746 Commerce 149,488 151,727 301,215 92,106 11,569 103,676 Tpt/Stor/Comms 76,362 1,984 78,346 112,824 172 112,996 Finance 47,300 157 47,457 157,147 42 157,188 Construction 65,069 97,481
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 10 Stock name Close Change CapMallsAsia 1.740 -0.010 CapitaLand 2.840 +0.020 CapitaMall 1.815 -0.010 CityDev 9.180 -0.020 ComfortDelGro 1.925 +0.005 DBS Grp 16.38 +0.030 GLP 2.790 Genting SP 1.415 +0.025 Golden Agri 0.520 HK Land 6.030 +0.020 HPH Trust US$ 0.660 JMH 52.70 -0.250 JSH 31.20 -0.250
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    • Article, Illustration
      Lock icon Emerging Asian units helped by stock gains
      541 10 CURRENCIES Reuters [SINGAPORE] Most emerging Asian currencies crawled higher yesterday, thanks to gains in regional stock markets, but investors were cautious as they awaited testimony by new Federal Reserve chief Janet Yellen later this week for clues on US monetary policy. The South
      Reuters; PHOTO: BLOOMBERG  -  541 words
    • Article
      Lock icon RISES
      113 10 BY CENTS CLOSE UP GLD 10US$ ***** 153.6 1.0 DBXT MSAsExJp 10US$ 3210 77.4 1.9 DBXT FTVietnam 10US$ 2739 45.7 1.3 Jardine C&C 3510 34.0 1.0 DBXT CSI300 10US$ 683 25.4 3.0 DBXT MSBrazil 10US$ 421 21.6 4.2 CIMBAsean40 100US$ 985 19.0 1.5 Great Eastern 1781 14.0 0.8 DBXT
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    • Article
      Lock icon FALLS
      121 10 BY CENTS CLOSE DOWN IS S&P500 ***** -139.6 -0.6 JMH 5270 -31.7 -0.5 JSH 3120 -31.7 -0.8 DBS Bk 4.7% NCPS 100 ***** -13.0 -0.1 DairyFarm 899 -12.7 -1.1 B Sembawang 531 -11.0 -2.0 Intraco 33.5 -10.0 -23.0 SGX 672 -7.0 -1.0 IS LC 1-3Y 100S$D 1248 -5.0 -0.4
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      Lock icon FTSE ST CATALIST INDEX
      5 10 DAILY
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      166 11 Kim Fournais, Co-CEO Co-Founder 22:25 London, UK A twenty year journey. A number one platform. In 1992, two Danish entrepreneurs set out to create the world’s leading trading platform. Using state of the art technology, the idea was to establish Saxo Bank, parent company of Saxo Capital Markets, as the
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      159 12 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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  • SINGAPORE NEWS
    • Article
      Lock icon Programme on biologics to start in July
      365 13  -  It aims to help meet demand for specialists in the biologics cluster By SHEENA TAN tsheena@sph.com.sg A TALENT-TRAINING programme has been set up to build up Singapore’s pool of specialists in the field of biologics, or the science of designing drugs harvested from
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    • Article
      Lock icon Spice Global, Fosun, Axel Springer said to be keen to buy Forbes
      239 13 Bloomberg [HONG KONG] Singapore’s Spice Global Investments Pvt has emerged as one of the interested acquirers of Forbes Media LLC, along with China’s Fosun International Ltd, people with knowledge of the matter said. Germany’s Axel Springer SE, which
      Bloomberg  -  239 words
    • Article
      Lock icon Sunseap gets $50m from Goldman Sachs
      329 13  -  By gleong@sph.com.sg GRACE LEONG gleong@sph.com.sg SUNSEAP Leasing, Singapore’s largest solar-leasing company, has received $50 million in funding from Goldman Sachs for solar photovoltaic (PV) projects with a total generation capacity of more than 30 megawatts. These projects are for businesses and residential developments. Goldman
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    • Article, Illustration
      Lock icon SME clients get treat from OCBC
      280 13  -  By ARTHUR LEE arthurl@sph.com.sg OCBC is hosting more than 1,300 SME clients at Gardens by the Bay over two days last night and this evening. Welcoming guests yesterday were chairman Cheong Choong Kong, chief executive officer Samuel Tsien and head of global commercial banking,
      PHOTO: ARTHUR LEE  -  280 words
    • Article, Illustration
      Lock icon Big plans for The Big Idea group
      644 14  -  Far East Org unit Kitchen Language takes majority stake in group By DEBBIE YONG debyong@sph.com.sg HOMEGROWN food and beverage company The Big Idea group doesn’t just have big ideas, but an equally big appetite too. A majority stake in the three-year-old company was
      PHOTO: JOHN HENG  -  644 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Good-as-new notes better received
        71 14 GOOD-AS-NEW notes were better received this Chinese New Year than last year, said the Monetary Authority of Singapore (MAS). In the run-up to Chinese New Year, 14 per cent of the $2 notes issued comprised good-as-new notes, up 3 per cent from last year. The increase
        71 words
      • Article
        Lock icon Konica Minolta sets up innovation centre
        95 14 KONICA Minolta yesterday launched its new Asia Pacific Business Innovation Centre (BIC) in Singapore. The centre will initiate, support and manage new business and technology development, as well as incubate new information and communications technology (ICT) service businesses for the group. In the initial
        95 words
      • Article
        Lock icon ASLAN Pharmaceuticals opens Taipei office
        80 14 ASLAN Pharmaceuticals is opening a new office in Taipei. The Singaporeheadquartered company has three drugs in development, and plans to initiate several clinical studies in Taiwan, including a phase 2b programme for its drug, ASLAN001, which is being developed for gastric cancer. Tom Lin, formerly
        80 words
      • Article
        Lock icon Poly to help Brunei set up maritime academy
        61 14 SINGAPORE Polytechnic (SP) yesterday signed a service agreement with Brunei’s Ministry of Education to embark on a new programme that will enhance maritime education and training in Brunei. SP’s Singapore Maritime Academy and Singapore Polytechnic International will provide consultancy services to establish
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    • Article
      Lock icon Starcount gets total of US$10m in private funding
      264 14  -  By LEE U-WEN leeuwen@sph.com.sg STARCOUNT, a social network business based in Singapore, announced yesterday that it had received a total of US$10 million in funding from a group of private investors and previous backers. Among them is Terry Leahy, the former chief
      264 words
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      162 13 Lars Seier Christensen, Co-CEO Co-Founder 1 5:42 Moscow, Russia One platform. One account. One organisation. One insight. One good idea. One instantly executed trade That's what makes the difference. You know that and so do we. That's why as a number one trading platform*, we offer you one point of
      162 words
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      1772 14 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CHINA FLEXIBLE PACKAGING HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of China Flexible Packaging Holdings Limited (“the Company”) will be held at Hotel Fort Canning 11 Canning Walk,
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      59 14 Looking to showcase and sell your Food Products, Cooking Solutions, Kitchen Appliances Accessories? NOW! *****620 or Email: sales@exhibitsinc.com.sg Organised By: Our Food Shows: (Organiser of IT Show, Food Beverage Fair, COMEX, World Food Fair, Consumer Electronics Exhibition and Food Kitchen Show) BLOCK 8, LORONG BAKAR BATU #07-07, S (*****3) TEL:
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  • SME Inc
    • Article, Illustration
      Lock icon Just his cup of tea
      1847 15  -  Gryphon founder Lim Tian Wee tells FELDA CHAY how he broke into the F&B market FELDA CHAY LIM Tian Wee, the founder and executive director of Gryphon Tea Company, had no clue what he was in for when he ditched his high-paying marketing job at
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    • Article, Illustration
      Lock icon CSR goes beyond charity, can help firms gain visibility
      746 15  -  SMEs must ensure socially relevant outcomes, check costs THE VIEW FROM NTU PROFESSORS By KRISHNA UDAYASANKAR The writer is a lecturer with Nanyang Business School, where she teaches courses on international business and its environment. Her research interests include corporate social
      746 words
  • Page 15 Advertisements
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      82 15 Flexible office space available now Option 5 w suW a pod9 ets \ypp i H 15 locations across Singapore Fully equipped and work ready offices From 1 to 50 people Flexible terms to suit all businesses Reception services Meeting rooms and videoconferencing Virtual office services and drop-in business lounge Singapore
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Malaysia factory output in December up 4.8%
      534 16  -  Increase falls short of expectations but mirrors that month’s surge in exports By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S industrial production index expanded by a weaker 4.8 per cent year on year in December, as against the street’s 5.3 per cent, but a
      534 words
    • Article
      Lock icon Malaysia’s Exim Bank marketing US$-denominated sukuk: sources
      301 16 Bloomberg [KUALA LUMPUR] ExportImport Bank of Malaysia Bhd, a state-owned trade-fi-nance company, began marketing its first US dollar-de-nominated Islamic bonds as the country’s US currency debt offers the best returns in South-east Asia this year. Exim Bank is offering as much as US$300
      Bloomberg  -  301 words
    • Article
      Lock icon Rubber consortium sees further fall in inventories of producer countries
      261 16 WP [BANGKOK] Rubber stockpiles in Thailand, Indonesia and Malaysia are low and may decline further when the low-production season starts, International Rubber Consortium Ltd (IRCo) said in statement on its website. Inventories available for sale in the three countries are
      WP  -  261 words
    • Article, Illustration
      Lock icon Widodo victory seen sparking rupiah rally
      912 16 Only snag is he has not been picked to run for president yet Bloomberg [JAKARTA] An Indonesian presidential victory by Joko Widodo would spark a rally in the rupiah, according to Malayan Banking Bhd and Morgan Stanley. There’s only one snag: the popular Jakarta
      Bloomberg; PHOTO: BLOOMBERG  -  912 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      424 16 Microsoft will be ending its support for Windows XP on Apr 8. Hence, all computers running on this operating system after this date will encounter interface and operating encumbrances as well as be exposed to security threats. An unwelcome handicap especially if you are in business. To avoid unnecessary downtime,
      424 words
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      1 16 Hospitality&TourismConference2014
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Money market volatility to continue: China
      879 17 Central bank warns of rise in borrowing costs as it seeks to deleverage economy Bloomberg [BEIJING] China’s central bank signalled that volatility in money-market interest rates will persist and borrowing costs will rise, underscoring the risk of defaults that could weigh on confidence and
      Bloomberg  -  879 words
    • Article
      Lock icon Suspended Indian Olympic body elects new officials
      276 17 Reuters [NEW DELHI] The suspended Indian Olympic Association (IOA) elected a new set of officials hoping to overturn an Olympic ban on the world’s second most populous nation. The IOA was suspended for going ahead with its December 2012 election in which Lalit
      Reuters  -  276 words
    • Article
      Lock icon China eases cuts in electric-car subsidies
      326 17 Bloomberg [HONG KONG] China will give more subsidies for electric vehicles than previously announced as part of government plans to tackle pollution. Subsidies for 2014 will be cut by 5 per cent, instead of the previously announced 10 per cent, and decreased by 10
      Bloomberg  -  326 words
    • Article, Illustration
      Lock icon China’s gold consumption surges 41% amid fall in prices
      407 17 Demand exceeds 1,000 tonnes for the first time Reuters [BEIJING] China’s gold consumption jumped 41 per cent in 2013 to exceed 1,000 tonnes for the first time, an industry body said yesterday, as a sharp slide in prices attracted buyers for
      Reuters; PHOTO: REUTERS  -  407 words
    • Article
      Lock icon Aman Resorts sold at higher value of US$358m
      211 17 Bloomberg [MUMBAI] DLF Ltd, India’s largest real estate company, has sold Aman Resorts to Peak Hotels Resorts Group and Aman founder Adrian Zecha at a higher valuation than announced earlier. The sale at an enterprise value of US$358 million does not include
      Bloomberg  -  211 words
  • Page 17 Advertisements
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      264 17 FUTURE iitiiiiiii a CHINA ADVANCED LEADERS PROGRAMME Grooming future leaders to be China-ready, Chma-sawy and Connected I really like the hands-on and very practical experience that we have in the second segment where the whole class went to China for the experiential learning journey. I think these closed-door discussions with
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  • WORLD
    • Article, Illustration
      Lock icon Japan’s balance of payments eroded further
      747 18  -  Record goods trade deficit cuts 2013 current account surplus to new low By ANTHONY ROWLEY in Tokyo JAPAN’S balance of payments, for decades in huge surplus, continues to deteriorate under the impact of the country’s huge imports of oil and gas, with the current
      PHOTO: REUTERS  -  747 words
    • Article, Illustration
      Lock icon Tokyo’s 2020 vision – promise of a ‘truly fantastic’ Games
      693 18  - Tokyo’s 2020 vision promise of a ‘truly fantastic’ Games New governor wants his city to be ‘No 1’ as Olympics host By ANTHONY ROWLEY in Tokyo A NEW sport is vying to join the 33 already on the Olympic Games menu and that is championing ever bigger and more extravagant
      693 words
    • Article
      Lock icon Online games go local in booming S-E Asian market
      483 18 Reuters [SINGAPORE] It was while hunting for monsters in a virtual cave that Bend Henmoko Madio met his community and realised why companies are adapting online video games to suit the different languages, tastes and mobile devices in South-east Asia. Text
      Reuters  -  483 words
    • Article
      Lock icon EU implements new rules on derivatives markets this week
      940 18 Still some years to go before products can be fully grasped Reuters [LONDON] New rules coming into force in Europe this week to shine more light on the US$700 trillion derivatives markets will take years to produce a clearer picture of
      Reuters  -  940 words
    • Article, Illustration
      Lock icon EU to review Swiss ties after anti-migrant vote
      898 20 Fall-out from result could be restricted trade or other backlash AFP [GENEVA] Switzerland voted to impose curbs on European Union immigrants, in a nail-bitingly close referendum that sparked warnings from Brussels that it would review EU ties with the Alpine country. Final
      AFP; PHOTO: REUTERS  -  898 words
    • Article, Illustration
      Lock icon Alwaleed outperforms Buffett
      738 20 Recent bets paid off, reversing fortunes of his Kingdom Holding Bloomberg [LONDON] A five-month rally by Kingdom Holding Co is giving a lift to the investment record of Prince Alwaleed bin Talal Al Saud, the world’s 18th-richest person and self-proclaimed “Warren Buffett of Saudi Arabia”. His recent
      Bloomberg; THE BUSINESS TIMES FILE PHOTO  -  738 words
    • Article
      Lock icon Time to buy EM currencies, says HSBC
      1015 20 It goes against the grain as others are preaching caution Bloomberg [CAPE TOWN] HSBC Holdings, which gets more than half of its revenue from emerging markets (EMs), says it’s time to start buying their currencies after a sell-off pushed exchange rates to their
      Bloomberg  -  1,015 words
    • Article, Illustration
      Lock icon Toyota to shut Australian car plants in 2017
      636 21 Move spells end of local industry after Ford, GM decided earlier to pull out Bloomberg [SYDNEY] Toyota Motor Corp will stop building cars in Australia in 2017, spelling the end of the local industry after Ford Motor Co and General Motors Co
      Bloomberg; PHOTO: AFP  -  636 words
    • Article, Illustration
      Lock icon Thai police arrest anti-govt protest leader
      545 21 Sontiyan arrested for defying the state of emergency AFP [BANGKOK] Thai police yesterday arrested an anti-gov-ernment protest leader, their first such move after months of defiant rallies in Bangkok aimed at ousting caretaker Prime Minister Yingluck Shinawatra’s beleaguered government. Protest leaders have flouted arrest
      AFP; PHOTO: AFP  -  545 words
    • Article
      Lock icon Barclays profit down 26%, missing forecast
      480 21 Bloomberg [LONDON] Barclays plc reported full-year profit that missed analyst estimates as litigation and compensation charges complicated chief executive officer Antony Jenkins’ overhaul of Britain’s second-biggest bank. Adjusted pretax profit for 2013 was £5.2 billion (S$10.8 billion), Londonbased Barclays said in a statement yesterday.
      Bloomberg  -  480 words
    • Article
      Lock icon IPOs worth more than US$1b seen returning to the Gulf
      495 21 Bloomberg [DUBAI] Morgan Stanley, owner of the world’s biggest brokerage, is predicting the return of initial public offerings worth more than US$1 billion in the Persian Gulf after asset values and stock markets rallied. “We expect to see two to
      Bloomberg  -  495 words
    • Article
      Lock icon McDonald’s CEO seeks new African markets for expansion
      369 21 Bloomberg [HO CHI MINH] McDonald’s Corp is looking at potential new markets in Africa after the world’s largest restaurant chain entered a new South-east Asian country for the first time in more than two decades. McDonald’s will look at a number of
      Bloomberg  -  369 words
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  • Page 19 Advertisements
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      280 19 M v t THE STRAITS TIMES WHEREVER YOU ARE nl ivvy n f\ 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 Gift FULLY REDEEMED j. n 1 ip
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  • Page 21 Advertisements
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      93 21 LOST SHARE CERTIFICATE The following share certificate have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Keppel Corporation Limited *****70 Lim Kay Hua 958 NOTICE IS HEREBY GIVEN that if within fourteen (14) days from the date hereof no claims or
      93 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Obama shouldn’t get lost in the Middle East
      491 22 EDITORIAL “WE can’t just be consumed 24/7 by one region, important as it is,” US National Security Adviser Susan Rice explained to a New York Times reporter last October, insisting that President Barack Obama would follow a “more modest strategy in the
      491 words
    • Article
      Lock icon Concerns about deflation are misplaced
      819 22  -  THE BOTTOM LINE By EDWARD HADAS The writer is economics editor at Reuters Breakingviews &3I REUTERS BREAKINGVIEWS CHRISTINE Lagarde says deflation is an “ogre which must be fought decisively”. The managing director of the International Monetary Fund is merely dramatising the current conventional wisdom, but
      &3I REUTERS BREAKINGVIEWS  -  819 words
    • Article, Illustration
      Lock icon What the Beps are we talking about?
      1283 22  -  Well, it’s got to do with the elevated stature of tax risk in today’s business climate By PAUL LAU LOH ENG KIAT Paul Lau is tax partner and Loh Eng Kiat, senior tax manager, at PwC Singapore A SOMEWHAT esoteric title (which, by
      PHOTO: BLOOMBERG  -  1,283 words
    • Article, Illustration
      Lock icon Counting on gas for power needs
      1058 23  -  Shell believes natural gas provides an avenue for Asia’s policymakers to diversify energy supplies as demand increases RONNIE LIM Energy Editor RECENT earthquakes, albeit moderate, off Jap a n coast with the latest s F u k us hi m a coast with the
      PHOTO: AFP  -  1,058 words
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      Lock icon Vision to deepen Irish-UK ties
      854 23  -  SINGAPORE AIRSHOW 2014 By RICHARD BRUTON, STEPHEN HAMMOND ARLENE FOSTER Richard Bruton is Minister for Jobs, Enterprise and Innovation, Ireland; Stephen Hammond is Minister for Transport, United Kingdom; and Arlene Foster is Minister for Enterprise, Trade and Investment, Northern Ireland Executive THERE is always a
      PHOTO: BLOOMBERG  -  854 words
    • Article
      Lock icon EU looks forward to single Asean market
      777 23  -  By SIIM KALLAS The writer is vice-president of the European Commission and Commissioner for Transport EUROPE and Asean have a long history of strong commercial ties. Not only is the European Union by far the largest investor in Asean countries, it is also
      777 words
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  • AVIATION
    • Article, Illustration
      Lock icon High taxes, outmoded rules curb industry
      713 24 Ease regulations and investment constraints, Iata chief urges countries SINGAPORE AIRSHOW 2014 Bloomberg [SINGAPORE] Archaic rules, taxes as high as those imposed on alcohol and an infrastructure deficit, especially in Asia, are curbing the aviation industry’s growth, the International Air Transport Association (Iata) said.
      Bloomberg; PHOTO: YEN MENG JIIN  -  713 words
    • Article
      Lock icon Strong leaders key to avoiding clash: Chun Sing
      319 24  -  By RAPHAEL LIM raphlim@sph.com.sg [SINGAPORE] Strong leadership is essential for countries in the region to avoid conflict, and to progress together in mutual benefit for all, said Second Minister of Defence Chan Chun Sing yesterday. In a keynote address to some 280
      319 words
    • Article, Illustration
      Lock icon ASIA’S LARGEST AIRSHOW TAKES OFF
      105 24 [SINGAPORE] Deputy Prime Minister, Coordinating Minister for National Security and Minister for Home Affairs Teo Chee Hean opened the fourth edition of the Singapore Airshow, set to be the biggest to date, at an opening ceremony at the Sands Grand Ballroom, Marina Bay Sands, yesterday
      105 words
    • Article
      Lock icon TRANSPORT STOCKS
      243 24 SGX '000 Feb 10 S$ +/-Vol Ch Offshore 0.43 0.01 68 Chuan Hup Hldg 0.27 0.01 56 Cosco Corp 0.70 unch 1359 Cwt Limited 1.27 -0.01 85 First Ship Lea unch unch 0 Grand Banks unch unch 0 Jaya Hold Ltd K1Ventures.................0.19 unch 6584 Keppel Corp 10.33 -0.04
      243 words
    • Article
      Lock icon Airbus joins A*Star’s aviation consortium
      279 24  -  By SHEENA TAN tsheena@sph.com.sg [SINGAPORE] Airbus has joined Singapore’s Agency for Science, Technology and Research (A*Star) as the latest member (17th) of its Aerospace Programme (AP), a consortium of firms within the aviation industry. Airbus’s senior vice-president for research and technology, Axel Krein, said Singapore
      279 words
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  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      319 24 CRYPTIC CROSSWORD Across 1 Very thin peer given gum (10) 6 Married? He’s crazy to become engaged! (4) 10 Exposed, a king in retreat heading west (5) 11 One byword abroad for an extremely talented young man (3,6) 12 County set eating pigeons hotel left out (8) 13 Stand in
      319 words
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  • Article
    Lock icon Shipping Times
    1309 25 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    1,309 words
  • Page 25 Advertisements
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      60 25 r O IE PC mi 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 FORWARDER urgently needed by shippers Can they find your services
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3059 26 Transaction date: Feb 10 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14 11.5 8Telecom Vol Day Last Quote Div Gr Yld Net M Cap 188 106 AIMSAMPIReit 140xd -1.5 329 142
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    • Article
      Lock icon SGX CATALIST
      261 27 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 21 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller
      261 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11474 27 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 Asian Local Ccy SD Bond .0.9816/ 1.7956/ China Opportunities'" 2 6387/ FM local
      11,474 words
    • Article
      Lock icon GLOBALQUOTE
      262 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 34.4 AVJennings A55.5 -0.5 10 55.5 55.5 55.5 57.5 3.6 6.3 4.5 205.5 52 35.5 Genting HK US$ US40.5 +0.5 5306 40.5 39.5 40 40.5 2666.7
      262 words
    • Article
      Lock icon SGX ETF
      884 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 143 119 CIMB APAC Div 100S$D 120.5 +0.5 7 120.5 120.5 120 114.4 94 CIMB APAC Div 100US$ US95 +1 22 95 95 10 1510
      884 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      689 28 Feb 10 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.83 *****.92 *****.30 Mar14 *****.00 *****.00 *****.00 *****.00 *****4 *****3 Jun14 *****.00 *****.00 *****.00 *****.00 82 3290 MSCI TAIWAN INDEX FUTURES SPOT 294.03 295.07 292.99 Feb14 292.20 295.00 291.40 292.50 ***** *****2 Mar14 291.80
      689 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Feb 7 Index Change Change Change Change Change Change World Preliminary 1147.7 0.8 -3.1 0.9 -2.9 0.9 -3.3 EAFE Preliminary 925.5 1.0 -3.2 1.1 -3.0 1.0 -3.4 Europe Preliminary 1338.9 0.6 -1.2
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 28 Feb 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.985 5.413 0.655 6.929 55.637 108.702 0.913 9.569 2.980 1.080 94.148 40.181 1.134 9.899 0.802 27.091 29.319 0.545 0.893 Canada 1.016 5.498
      471 words
    • Article
      Lock icon SIBOR
      34 28 Feb 10 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      95 28 Feb 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.32 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-19 105.6 105.75 105.75 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      137 28 Feb 10 GOLD(US$/oz) Feb 10 Feb 07 Hong Kong 1277.00 1267.00 Feb 07 Feb 06 London 1262.60 1255.60 1263.25 1256.45 Source: Thomson Reuters CAST BAR Feb 10 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 117 52 5gm 331 259 10gm 592 518
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    • Article
      Lock icon PALM OIL
      59 28 Feb 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 14 2592.0 2626.0 2627.0 2592.0 148 1166 Mar 14 2590.0 2615.0 2618.0 2585.0 2593 ***** Apr 14 2590.0 2616.0 2618.0 2587.0 ***** ***** May 14 2586.0 2610.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 28 Feb 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1338 1.1341 0.8931 0.8933 Canadian dollar 1.1516 1.1518 0.9072 0.9071 Euro 1.7308 1.7312 1.3634 1.3636 NZ dollar 1.0496 1.0498 0.8268 0.8269 Sterling pound 2.0819 2.0823 1.6399 1.6401
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 28 Feb 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1331.50 1325.75 1332.50 1320.00 May 14 1317.50 1311.75 1318.75 1305.75 Jul 14 1298.00 1292.75 1299.00 1286.50 Aug 14 1251.00 1246.00 1252.25 1241.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
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    • Article
      Lock icon LIFFE
      94 28 Feb 7 COCOA (£/tonne) Close Prev High Low Mar 14 1867 1847 1871 1846 May 14 1859 1840 1864 1840 Jul 14 1852 1834 1856 1834 Sep 14 1843 1826 1845 1827 COFFEE(US$/tonne) Close Prev High Low Mar 14 1776 1860 1830 1773 May 14 1767 1845 1822 1763
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1191 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 40 0.0 5 -87 53 Asia-Pacific Strategic W*****6 0.2 1 123 220 192.50 3 Ratio Exer Ascendas Reit MB ECW*****3 2.9 0.2 240 1 Ascendas Reit MB eCW*****1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Feb 07 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.56 1.11 WTI (Near Mth) 99.94 2.10 Dubai (1-Mth F) 103.25 0.42 Tapis blend 114.31 0.47 Minas 107.31 0.47 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.64 0.81 Jet Kerosene 121.85 0.83 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Feb 10 S$ Bid Offer 1-month 1.2695 1.2696 2-months 1.2694 1.2696 3-months 1.2694 1.2695 6-months 1.2691 1.2693 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 28 Feb-07 Feb-07 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1677.25 1671.50 3 months 1719.00 1713.00 Copper, Grade A(US$/tonne) Cash 7189.50 7178.00 3 months 7141.00 7129.50 Lead(US$/tonne) Cash 2101.75 2097.50 3 months 2119.00 2118.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Feb 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.162 1.107 Can dollar 1.171 1.126 Euro 1.768 1.684 Sterling pound 2.120 2.039 NZ dollar 1.076 1.035 US dollar 1.294 1.233 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      161 28 Feb 10 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ 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
      161 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Nigeria’s housing shortage worsening
      1342 29 The real estate market is hobbled by a dearth of home loans, high interest rates, poverty and the African continent’s second most expensive property prices Bloomberg [LAGOS] ESTHER Macully used all of her 1.5-metre frame to face down a bulldozer and save her freezer from being
      Bloomberg; PHOTO: AFP  -  1,342 words
    • Article
      Lock icon Swedbank pledges more funding as govt plans controls
      915 29 Bloomberg [STOCKHOLM] Swedbank AB, Sweden’s largest mortgage lender, promised to increase funding to construction to cool the property market as the government plans to impose even stricter capital standards. The market “is completely exploding and there’s no supply and that’s due to
      Bloomberg  -  915 words
    • Article
      Lock icon Resale of non-landed homes in Jan down 70%
      535 30  -  But prices are up 2.3% from Dec, going by SRX flash estimates By LYNETTE KHOO lynkhoo@sph.com.sg RESALE transactions of non-landed private residential homes tumbled 70.2 per cent to 310 in January, from 1,039 deals a year ago. In the latest sign that
      535 words
    • Article, Illustration
      Lock icon KH Kea Properties seeking partner to develop building
      475 30  -  It wants to tap on highest and best use for the property By KALPANA RASHIWALA kalpana@sph.com.sg THE owner of the small building next to Bras Basah Complex and with McDonald’s as tenant on the lower floors is seeking a joint-ven-ture partner to
      475 words
    • Article
      Lock icon Pan Pacific group to build 4 more hotels in 3 countries
      255 30  -  By JACQUELYN CHEOK jaccheok@sph.com.sg PAN Pacific Hotels Group said yesterday that it will be building three Parkroyal hotels as well as one Pan Pacific hotel in Myanmar, Australia and China. Parkroyal Nay Pyi Taw, the first of the four
      255 words
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      Lock icon NZ house price growth slows in Jan: govt valuer
      248 30 Reuters [WELLINGTON] New Zealand house price growth slowed in January and appeared to be levelling out in the face of central bank lending restrictions and a looming rise in interest rates, the government property valuer said yesterday. Quotable Value’s (QV) residential
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      38 29 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices j WATS NOTICES CLA/FEB1 1/g Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements AT3 NOTICES
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      204 29 II'' THE ARCADE 11 COLLYER QUAY EN BLOC SALE Prime Raffles Place Retail/Office Building With Redevelopment Potential Tender Closing: 19 March 2014, Wednesday, 3pm For enquiries, please call: Tang Wei Leng 6531 8586 CEA Reg. No. R*****2B www.colliers.com Melvin Chay 6531 8619 CEA Reg. No. R*****0H Colliers INTERNATIONAL Agency Licence
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      213 29 TENDER SALE 47/A TO 65/A (ODD) KIM CHUAN DRIVE BAR tley Rd KIM CHUAN RD I Subject s I Site AIRPORT p0 Industrial redevelopment site > Freehold. Land: 34,729 sq ft > Zoned Business 2 Plot Ratio: 2.5 Wide frontage Near Tai Seng MR! Station > Mins to airport CBD
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      139 29 Premium Space for Lease Chai Chee area v 4 V c3t "I 1 i Wt'* Tel: 6249 6071 Email: chaichee@douyee.com DOU Y6E llKS i >. iA ST REGIS RESIDENCES FOR SALE IN D10 4Bdrm-3897Sqft PentHouse-6017Sqft Full Condo Facilities Near Tanglin Mall P/paSP CfifltriCt giOKIO PROPERTY SERVICES PTE LTD *****0 0285
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      822 30 A special Feature brought to you by STPROPERTY.sg 1 Impact oF the US Federal Reserve QE tapering How will the QE tapering affect the economies of Singapore and the region? Will the withdrawal of liquidity cause the regional property markets to fall? -j in WRITTEN BY ELIZABETH CHOONG There has
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      581 31 CnOA Royal Gateway W m (J ROYAL DOCKS REGENERATION ZONE LESS THAN CANARY WHARF DISTRICT! s yjgt tr I i I-“-[ j,-- j nMMHMM Ma mss* vyi 7 •y /j h m W F.HLXS*': g£wisa! ■itr II m -***1 mi '*1 *£1 F I? BALTIMORE TOWER CANARY WHARF OVER ROYAL
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      286 32 Our heartiest congratulations to Mr Kwek Leng Beng on receiving the inaugural REDASLifetimeAchievementAward REDASis proud to accord the inaugural award to our Patron Mr Kwek Leng Beng, Executive Chairman, Hong Leong Group Singapore for his outstanding achievements and significant contributions to the community and the built environment. This year marks
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