The Business Times, 12 February 2014

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Microfilm: NL32979
Total Pages: 31
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, February 12, 2014
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  • Article
    Lock icon Property stocks lead losses since Fed ‘taper’ talk
    977 1  -  But analysts say it’s still not time yet to enter the market By CAI HAOXIANG haoxiang@sph.com.sg [SINGAPORE] Property stocks, the Jardine group and two Thailand stocks are among the top 50 companies by market capitalisation here which have performed the worst since
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,029.10 (+11.90) GST INDEX FUTURES 3,027.00 (+12.00) GSIMSCI 346.26 (+1.47) GSIMSCI FUTURES 345.50 (+2.30) US$ S$ US$ (S$ per US$) 1.268 (US$/S$ per 1.640 2.081 EURO (US$/S$/€ 1.366 1.733 Foreign currency per US$ S$ YEN 102.20 80.60 RM 3.336 2.630 HK$ 7.757 6.116 BAHT 32.78 25.84 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Tuesday Change KL COMP 1,824.17 +8.03 NIKKEI 225 Closed HANG SENG 21,962.98 +383.72 SET INDEX 1,296.25 +5.59 JAKARTA COMP 4,470.19 +19.44 MANILA COMP 6,106.03 +63.78 SEOUL COMP 1,932.06 +8.76 SHENZHEN B 852.48 +2.26 MUMBAI IND 20,363.37 +29.10 11.00am EST Change DOW 15,879.01 +77.22 NASDAQ 4,162.61 +14.44
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE MALAYSIA HONG KONG INDONESIA 6.55 TAIWAN INDONESIA 14.885 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon Review likely to hit Keppel Club and one SICC course
    653 1  -  By TEH SHI NING tshining@sph.com.sg [SINGAPORE] Keppel Club is unlikely to be able to keep its golf course once its current lease expires in seven years, and at least one of the Singapore Island Country Club’s (SICC) locations may be
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      Lock icon Page 1 Advertisements Column 1
      114 1 COMMENTARY Quarterly reporting: three cheers for EU EXEC MONEY Emerging markets to drive AUM surge PAGE 32 STRAIT TALK Piracy: both good and bad news HOCK LOCK SIEW NB: highlight suspicious market activity PAGE 5 PAGE 22 PAGE 21 The leading Swiss private banking group. Since 1890. www.juliusbaer.asia My name:
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  • TOP STORIES
    • Article, Illustration
      Lock icon Recovery in labour market is far from complete, says Yellen
      720 2 Bloomberg [WASHINGTON] US Federal Reserve chairman Janet Yellen said more work is needed to restore the labour market to health and pledged to maintain her predecessor’s policies by scaling back stimulus in “measured steps”. While growth has picked up, “the
      Bloomberg  -  720 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      475 2 Property stocks hardest hit since Fed ‘taper’ talk PROPERTY stocks, the Jardine group and two Thailand stocks were among the top 50 companies by market capitalisation which have performed the worst since the “taper talk”. FRONT PAGE Keppel golf course may go when lease expires in 2021 KEPPEL
      475 words
    • Article, Illustration
      Lock icon TDSR tweak a lifeline for stretched owners: analysts
      794 2  -  Property cooling measures to stay, reversal unlikely until 2015 JAMIE LEE [SINGAPORE] This week’s tweak in the total debt servicing ratio (TDSR) framework is targeted at a small group of stressed households that are struggling to get mortgage refinancing, analysts said in
      Source: MAS, OSK-DMG  -  794 words
    • Article
      Lock icon GIC hikes stake in Indian developer
      516 2  -  It buys 5.1m Phoenix Mills shares for 1.06b rupees By LEE MEIXIAN leemx@sph.com.sg [SINGAPORE] GIC is continuing with its foreign property investment spree. Last week, it enlarged its stake in Bombay-listed property developer Phoenix Mills from 1.476 per cent to 5.023 per cent in
      516 words
    • Article, Illustration
      Lock icon Barclays to cut 12,000 jobs as earnings drop
      531 2 Reuters [LONDON] Barclays Plc expects to axe up to 12,000 jobs this year to cut costs and counter falling income at its investment bank, where profits slumped last year. But it is also paying staff higher bonuses, risking a backlash from politicians
      Reuters; PHOTO: AFP  -  531 words
    • Article, Illustration
      Lock icon Bitcoin plunges after software bug forces withdrawal halt
      529 3 Reuters [NEW YORK] The price of the digital currency bitcoin has slid to its lowest level in nearly two months after bitcoin digital marketplace Mt Gox said a halt on withdrawals it announced on Friday would continue indefinitely following the detection of
      Reuters; PHOTO: BLOOMBERG  -  529 words
    • Article, Illustration
      Lock icon Spring helping SMEs to seize growth opportunities
      811 3  -  Last year, it supported over 100,000 firms with advice and help, and loan financing: CEO By FELDA CHAY feldac@sph.com.sg [SINGAPORE] Spring Singapore will continue to support small and medium-sized enterprises (SMEs) here by helping them to take advantage of growth opportunities and making
      811 words
    • Article, Illustration
      Lock icon Gallant Venture, Garuda plan Bintan hub
      491 4  -  They will develop an airport and aviation park on the island SINGAPORE AIRSHOW 2014 By RAPHAEL LIM raphlim@sph.com.sg [SINGAPORE] Listed Gallant Venture and Indonesian flag carrier Garuda will develop an aviation and tourism hub in Bintan. The two companies are planning a new airport
      PHOTO: AFP  -  491 words
    • Article, Illustration
      Lock icon Airbus seals US$6.4b VietJetAir order
      482 4  -  Budget carrier to take delivery of 63 A320 family aircraft By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] European planemaker Airbus yesterday finalised an order with VietJetAir for 63 A3 20 family aircraft worth US$6.4 billion as the budget carrier seeks to expand both at home and overseas.
      PHOTO: YEN MENG JIIN  -  482 words
    • Article
      Lock icon Exec jet industry sees robust uptick over next decade
      483 4  -  By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] The jetset class is set to grow over the next decade, according to latest estimates coming out of the executive jet industry. Embraer Executive Jets expects the industry to see 9,250 executive jets worth US$250 billion
      483 words
    • Article, Illustration
      Lock icon Boeing confident it can meet rising demand
      533 4  -  By nishar@sph.com.sg NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Boeing remains confident it can deliver on its orders as airlines phase out older aircraft in favour of more efficient, next-generation planes. “There’s a good balance between supply and demand at this point in time. We’re comfortable
      PHOTO: YEN MENG JIIN  -  533 words
    • Article, Illustration
      Lock icon Myanma Airways prepares to regionalise
      344 4  -  By CHAN YI WEN yiwenc@sph.com.sg [SINGAPORE] From 2015, GE Capital Aviation Services (GECAS) the commercial aircraft leasing and financing arm of US conglomerate GE will lease 10 new Boeing narrowbody aircraft to Myanma Airways until 2020. Established in 1948, Myanmar’s state-owned carrier serves 26 major
      344 words
    • Article
      Lock icon Bombardier opens service centre in Seletar
      321 4  -  By CHAN YI WEN yiwenc@sph.com.sg [SINGAPORE] Canadian plane manufacturer Bombardier Aerospace has set up its first wholly-owned Asia-Pa-cific service centre here to raise its profile and be closer to its customers. Located in Seletar Airport and staffed with 40 employees, the centre is equipped
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    • SHORT HOPS
      • Article
        Lock icon Turkish Airlines in US$560m engine deal
        62 4 TURKISH Airlines has entered into an agreement with IAE International Aero Engines for a deal worth US$560 million, where IAE’s V2500 engines will power 25 of the airlines’ new A321 aircraft. This brings the total number of V2500-powered A320 aircraft in the airline’s fleet
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      • Article
        Lock icon Airbus to set up S’pore financial hub
        73 4 THE Airbus Group is planning to set up a financial hub in Singapore to support the financial business activities of all group entities in Singapore and South-east Asia. It said that the team in Singapore will develop the group’s relationships with the financial
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      73 3 THE SWEETEST VALENTINE AT SCOTTS SQUARE From 18 Jan to 16 Feb 2014 RECEIVE 2 BOTTLES OF DECADENT GOLD CUVÉE WITH SPARKLING 22-CARAT GOLD FLAKES WITH $1,000 SPENT IN 3 SAME-DAY RECEIPTS* RECEIVE A FINE CHOCOLATE ASSORTMENT OR EXQUISITE MACARON TRINKET BOXES WITH $250 SPENT IN 2 SAME-DAY RECEIPTS* AND
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  • COMPANY NEWS
    • Article
      Lock icon Raising the alarm on suspicious trading
      809 5  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg IT’S probably not that widely known, but stockbrokers and trading representatives (TRs) are obliged under current Singapore Exchange (SGX) rules not only to refrain from indulging in suspicious trades but also to report such trades to the
      809 words
    • Article
      Lock icon SATS Q3 profit down 8.7% on weaker yen
      550 5  -  By LISA LEE lisalcc@sph.com.sg FOOD solutions and gateway services group SATS Ltd posted an 8.7 per cent year-on-year decline in its Q3 net profit to $42.9 million, as a weakening yen crimped revenue from its food solutions division. Revenue for the three
      550 words
    • Article
      Lock icon F&N posts modest Q1 growth without its property business
      307 5  -  By KENNETH LIM kenlim@sph.com.sg FRASER and Neave (F&N) posted a modest 3.2 per cent increase in its firstquarter net profit from continuing operations and before exceptionals, as weaker printing profits took a bite out of stronger food and beverage earnings. Posting
      307 words
    • Article, Illustration
      Lock icon HPH Trust’s Q4 net falls 46.9% to HK$334.8m
      449 7  -  Earnings per unit for the period drops to 3.84 HK cents By MALMINDERJIT SINGH msingh@sph.com.sg HUTCHISON Port Holdings (HPH) Trust yesterday reported a 46.9 per cent drop in fourth quarter 2013 net profit to HK$334.8 million (S$54.7 million), compared with HK$630.7 million
      FILE PHOTO  -  449 words
    • Article
      Lock icon Pacific Andes Q1 profit drops 48% to HK$103.8m
      521 7  -  By ANDREA SOH sandrea@sph.com.sg EARNINGS for frozen fish supplier Pacific Andes Resources Development (Pard) fell 48 per cent for the first quarter ended Dec 31, 2013, despite revenue contribution from newly acquired Copeinca. The lower bottom line came as sales suffered in
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    • Article
      Lock icon Trafigura sells $200m 7.5% perpetual bonds
      446 7  -  Dutch firms gets S$300m orders for its ‘non-call 5’ issue By SIOW LI SEN lisen@sph.com.sg TRAFIGURA Beheer BV has sold its first Singapore dollar $200 million perpetual bonds non-call five priced at 7.5 per cent. “Non-call five” means the bonds cannot be redeemed before
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    • Article
      Lock icon Vicom profit up 7.7% at $28.4m
      276 8  -  Firm sees demand for testing services easing on higher deregistrations By SAMUEL EE samuelee@sph.com.sg VICOM’S net profit for the year ended Dec 31, 2013 has risen 7.7 per cent to $28.4 million, as revenue climbed 8.1 per cent to $105 million. No fourth quarter
      276 words
    • Article
      Lock icon Sim Lian and KSH Holdings post positive results
      372 8  -  By MINDY TAN tanmindy@sph.com.sg SIM LIAN Group’s net profit for the second quarter ended December rose 38 per cent, from $47.5 million to $65.8 million, even as revenue dipped 0.5 per cent from $208.3 million to $207.3 million. The property development division
      372 words
    • Article, Illustration
      Lock icon Valuetronics Q3 earnings surge 45% to HK$35m
      388 8  -  Push beyond consumer electronics starting to pay off By VIVIEN SHIAO vshiao@sph.com.sg MAINBOARD-LISTED Valuetronics Holdings Limited posted a net profit of HK$35.53 million (S$5.81 million) for the third quarter ended December last year, a 45 per cent jump compared to HK$24.51 million a
      FILE PHOTO  -  388 words
    • COMPANY BRIEFS
      • Article
        Lock icon Soilbuild bags $56m contract
        62 8 SOILBUILD Construction Group’s SB Procurement has been awarded a $56.6 million contract by XMH Holdings to construct a new seven-storey industrial building with ancillary office and facilities at Tuas Crescent. The project is expected to start this month and be completed by the second quarter of
        62 words
      • Article
        Lock icon Saizen’s inteirm DPU slips 1.5%
        70 8 SAIZEN real estate investment trust has declared a distribution of 3.25 cents per unit for the six months ended Dec 31, 2013, down 1.5 per cent from the previous year. The distribution will be paid on March 21. For the period under review, the use
        70 words
      • Article
        Lock icon ASL unit wins $97m in vessel jobs
        85 8 ASL Marine Holdings’s wholly owned subsidiary ASL Shipyard has secured new ship building contracts worth about $97 million for the construction of six vessels. Two units of emergency response and rescue vessels will be constructed at the group’s shipyard in Singapore and are
        85 words
      • Article
        Lock icon Gaylin net profit up in third quarter
        58 8 GAYLIN Holdings’s net profit for the third quarter ended Dec 31 jumped from $0.6 million to $2.5 million. Revenue rose 62.8 per cent to $22.3 million. For the first nine months, the group’s net profit rose 21.5 per cent to $8.6 million while
        58 words
      • Article
        Lock icon Spindex improves half-year earnings
        59 8 SPINDEX Industries’s net profit for the six months ended December rose from $2.1 million to $5 million while revenue rose 8 per cent from $45.2 million to $49 million. Spindex is an integrated solution provider of precision-machined components and assemblies for use in imaging and printing
        59 words
      • Article
        Lock icon King Wan boosts order book to $166m
        42 8 KING Wan Corp secured six new mechanical and electrical projects in Singapore from November 2013 to February this year worth $41.8 million. This brings its order book to $166 million, with contracts lasting to 2017.
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    • Article
      Lock icon AusGroup’s Q2 net profit slips 17%
      257 8  -  By MINDY TAN tanmindy@sph.com.sg AUSGROUP’S net profit for the second quarter ended Dec 31, 2013, slid 16.7 per cent to A$2.3 million (S$2.6 million) from A$2.8 million a year earlier Revenue fell 54.9 per cent, from A$150.9 million to A$68 million, as a result
      257 words
    • Article
      Lock icon Tough year for S’pore and regional banks, warns S&P
      551 8  -  Agency cites lower GDP growth, tighter credit conditions By MALMINDERJIT SINGH msingh@sph.com.sg SINGAPORE banks could be in for a rough ride this year due to sluggish economic growth and skittish financial markets. Lower economic growth prospects and tighter credit conditions could
      551 words
    • Article
      Lock icon Cordlife Q2 earnings down 25% on margin pressure, rising costs
      223 8  -  By JAIRA KOH jairakoh@sph.com.sg HEALTHCARE company Cordlife posted a net profit of $4.2 million for its second quarter ended Dec 31, 2013, 25 per cent down from a year ago, due to margin pressure and rising costs. An increase in
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      Lock icon Page 5 Advertisements Column 1
      136 5 MM qO^ i c LQUn Received the "User's Choice "award at World Communication Awards 2013. Recognised as "Wholesale Operator of The Year' at Asia Communication Awards 2013. telecomasia AWARDS 2013 Recognised as "The Best Asian Telecom Carrier" and "Best Cloud-Based Service" at Telecom Asia Awards 2013. SEAMLESS CLOUD FOR THE
      136 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI up again but volume is year’s lowest
      670 6  -  Market follows through on strong overnight Wall Street and Hang Seng Index’s 1.8% jump STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index yesterday managed a fourth straight rise, gaining 11.9 points at 3,029.1 thanks to a firm overnight Wall Street
      Source: Bloomberg  -  670 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Feb 11 VALUE CLOSE BT OB/OS -331.00 +445.00 BT CADI -*****.00 +139.00 BT 10-day MA -*****.00 -33.00 FTSE ST Mid Cap 701.83 +3.96 FTSE ST Small Cap 524.52 +2.85 FTSE ST All Share 737.55 +3.19 FTSE ST China Top 194.92 +0.77 FTSE ST China 221.76 +0.85 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Transcu Grp 410,635,000 AdvanceSCT 122,232,000 Albedo 104,450,000 PSL Hldgs 49,723,000 HanKore 49,153,000 Charisma Energy 44,502,000 Federal Int 40,267,000 SunVic 35,554,000 CCM Grp 34,834,000 KLW Hldgs 32,156,000 VALUE($) DBS Grp 55,424,675 OCBC Bk 37,969,984 UOB 36,122,083 SingTel 32,576,850 Genting SP 24,857,320 SunVic 24,820,625 JMH 23,476,000 SuntecReit 21,418,270
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 3 0 0 0 0 11 3 0 Manufacturing 58 40 37 8 6 10 66 46 47 Commerce 32 10 19 5 4 4 37 14 23 Tpt/Stor/Comms 17 9 13
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Frencken Group
        285 6 Group Feb 11 close: S$0.32 DMG Partners Research, Feb 11 FRENCKEN, a high-tech contract manufacturer, is now a monster of a bargain owing to previous missteps that we think are a now thing of the past. Given its turnaround, future growth catalysts, diversified blue-chip clients and iv) attractive
        Source: Bloomberg  -  285 words
      • Article
        Lock icon Mermaid Maritime
        122 6 Feb 11 close: S$0.51 MERMAID Maritime Public Co (Mermaid) is a leading international specialist subsea and offshore drilling services company listed on SGX since 2007. The company operates in two main divisions: Subsea and Offshore Drilling. It owns and operates a diversified portfolio of subsea vessels and drilling
        122 words
      • Article
        Lock icon Roxy-Pacific Holdings
        519 6  -  Compiled by KENNETH LIM Roxy-Pacific Holdings Feb 11 close: S$0.605 Voyage Research, Feb 11 WE are surprised by news that Roxy-Pacific Holdings (Roxy) has successfully divested itself of part of its Hong Kong property for a reported gross profit of close to S$60 million, translating to about 4.9
        519 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,874 13,874 48,110 48,110 Manufacturing 271,581 69,286 340,867 120,236 2,987 123,223 Commerce 100,045 141,927 241,972 68,119 10,819 78,938 Tpt/Stor/Comms 61,970 1,868 63,838 89,121 186 89,308 Finance 30,879 38 30,917 150,933 12 150,945 Construction 78,976 82,965
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 1.745 +0.005 CapitaLand 2.880 +0.040 CapitaMall 1.825 +0.010 CityDev 9.250 +0.070 ComfortDelGro 1.925 DBS Grp 16.38 GLP 2.770 -0.020 Genting SP 1.405 -0.010 Golden Agri 0.520 HK Land 6.090 +0.060 HPH Trust US$ 0.660 JMH 53.01 +0.310 JSH 31.10 -0.100 Jardine
      111 words
    • Article, Illustration
      Lock icon Dollar falls ahead of Yellen testimony
      531 6 CURRENCIES Reuters [LONDON] The US dollar fell to its lowest level in almost two weeks yesterday, ahead of congressional testimony by new US Federal Reserve chief Janet Yellen that could give clues as to how quickly the Fed will cut back its programme of
      Reuters; PHOTO: BLOOMBERG  -  531 words
    • Article
      Lock icon RISES
      111 6 BY CENTS CLOSE UP GLD 10US$ ***** 134.4 0.9 DBXT FTVietnam 10US$ 2790 64.7 1.9 Lyxor China H 10US$ 1318 48.2 3.0 JMH 5301 39.3 0.6 Jardine C&C 3548 38.0 1.1 OCBC Bk.ES.1402 945 36.0 4.0 Pan Ocean 100 560 30.0 5.7 SIA 200 976 29.0 3.1 SIA 975
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    • Article
      Lock icon FALLS
      113 6 BY CENTS CLOSE DOWN DBXT MSTHAI 10US$ 1755 -12.7 -0.6 JSH 3110 -12.7 -0.3 IS ASIA BND 100S$D 1290 -7.0 -0.5 ForterraTr 187 -4.5 -2.3 DairyFarm 896 -3.8 -0.3 DBXT MSPAKIS 10US$ 174 -3.3 -1.5 ChinaFish 43 -3.0 -6.5 Creative Tech 197 -3.0 -1.5 CN7000MBePW*****7 13.3 -2.6 -16.4 Etika
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      531 7 (a business trust constituted on 25 February 2011 under the laws of the Republic of Singapore and managed by Hutchison Port Holdings Management Pte. Limited) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Hutchison Port Holdings Trust (“HPH
      531 words
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      Lock icon Page 7 Advertisements Column 2
      88 7 UA&P Asia-Pacific Tambuli Awards 2014 CALL FOR ENTRIES Brands that celebrate humanity. Brands that inspire purpose. Brands that deliver results. Asia-Pacific Tambuli Awards The only global award on Integrated Marketing Effectiveness and Social Good. Submit your entries on or before March 28, 2014. Visit www.tambuliawards.asia Organized by: University oh Asia
      88 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Local firms faster to pay bills in Q4
      431 9  -  And payment delays plunged to 3-year low with an index score of 32.8% By JACQUELYN CHEOK jaccheok@sph.com.sg LOCAL companies paid their bills more efficiently in the final quarter of 2013, going by the latest payment trend report released yesterday by the Singapore
      431 words
    • Article, Illustration
      Lock icon Cash is still king for everyday spending: Nielsen
      431 9  -  By VIVIEN SHIAO vshiao@sph.com.sg PAYING by cash is still the preferred mode of payment for most Singapore consumers, with credit cards a close second, a Nielsen global survey found. The study on saving and investment strategies, which polled 30,000 respondents across 60
      Source: Nielsen Global Survey of Saving and Investment Strategies, Q3 2013  -  431 words
    • Article
      Lock icon Riverbank @ Fernvale project takes in over 500 cheques
      496 9  - Riverbank Fernvale project takes in over 500 cheques 555-unit condo opens for booking this Friday By LYNETTE KHOO lynkhoo@sph.com.sg UOL Development’s newest condominium development appears to be drawing strong interest from buyers, going by the number of cheques it has received so far. The Riverbank Fernvale project has collected more
      496 words
    • Article
      Lock icon Financial institutions here supportive of venture debt
      1055 10  -  But they must ease rigorous credibility assessments, reach out to more start-ups By JACQUELYN CHEOK jaccheok@sph.com.sg FINANCIAL institutions (FIs) here are throwing their weight behind the recent recommendation by the Entrepreneurship Review Committee (EnRC) to introduce venture debt a form of debt financing
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    • Article
      Lock icon No action to be taken against bus driver in Little India riot: AGC
      490 10  -  By JACQUELYN CHEOK jaccheok@sph.com.sg THE bus driver involved in the fatal accident believed to have sparked off the riot in Little India on Dec 8 last year has been deemed innocent of any offence. The Attorney-General’s Chambers
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  • Page 9 Advertisements
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      858 9 Brought to you by New Executive MBA to have sharp Asia focus Executives will get insights into what is meant by ‘The Asian Century’ BY NARENDRA AGGARWAL AN ALL-NEW Executive Master of Business Administration (EMBA) programme being launched by ESSEC Asia-Pacific, a French origin school, in Singapore this October has
      858 words
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      261 10 SATS RECRUIT Toll free 1800-289-8822 Email recruit@sph.com.sg www.cats.com.sg/recruit JT IV PETRONAS u Build Your Career with PETRONAS Finance Division (Group Tax) Our robust operations span across upstream and downstream businesses globally. Join us and be a part of PETRONAS Group Tax. You will be responsible to ensure that the PETRONAS
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon RBS sees fresh M’sia fuel hike – in H2
      532 11  - RBS sees fresh M’sia fuel hike in H2 It expects subsidy rationalisation to continue as KL improves finances By in PAULINE NG in Kuala Lumpur THE Royal Bank of Scotland plc expects Malaysia to see another fuel hike this year as part of what it described as “the most serious
      PHOTO: BLOOMBERG  -  532 words
    • Article, Illustration
      Lock icon SapuraKencana takes over Newfields’ Malaysian oil assets
      453 11  -  Move makes firm the fourth largest oil producer in Malaysia By S JAYASANKARAN in Kuala Lumpur OIL-AND-GAS firm SapuraKencana Petroleum completed its RM2.95 billion (S$1.12 billion) acquisition of Texas-based Newfields International Holdings’ Malaysian oil assets yesterday. It announced that, with this development, its
      453 words
    • Article
      Lock icon Indonesia parliament passes trade bill
      301 11 Bloomberg [JAKARTA] Indonesia’s parliament has passed into law the nation’s first trade bill that enables the government to restrict exports and imports to protect local industries. The law was approved at a plenary session yesterday, Pramono Anung, the parliament’s deputy speaker, said in Jakarta. The
      Bloomberg  -  301 words
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      336 11 INSTITUTE OF VALUERS AND APPRAISERS OF SINGAPORE BUSINESS VALUATION CONFERENCE 2014 For the programme or registration, please visit www.ivas.sg £$> PROGRAMME HIGHLIGHTS "New Developments in Cost of Capital" Dr. Shannon Pratt (Shannon Pratt Valuations, Inc.) "When to Pay More or Less: A Practical Guide to Valuation Discounts and Premiums" Mr.
      336 words
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      305 11 A European education TS STC with a global perspective business school Singapore FT Business School Worldwide Rankings C,AL 2012-2013 Master of Science in Management Advanced Master in Financial Techniques T No No I Executive Education (Open Enrollment) CNO :>r ..h •iv. -4 Xvs With campuses in Pans and Singapore and
      305 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Chinese firms returning to US IPO market
      827 12 They are drawn by soaring valuations for tech start-ups Reuters [HONG KONG] Chinese companies are flocking to the US IPO market in their biggest numbers since 2010, drawn by soaring valuations for tech start-ups and undeterred by a flare-up in an accounting row
      – Reuters; PHOTO: REUTERS  -  827 words
    • Article
      Lock icon China watchdog orders small lenders to set aside more funds
      599 12 Move to avoid cash shortfall signals fears about defaults Bloomberg [BEIJING] China’s banking regulator ordered some of the nation’s smaller lenders to set aside more funds to avoid a cash shortfall, three people with knowledge of the matter said, signalling
      Bloomberg  -  599 words
    • Article
      Lock icon India to defend restriction of solar imports
      382 12 Bloomberg [NEW DELHI] India plans to defend its restriction on imports of some solar equipment against a US complaint at the World Trade Organization, saying panel makers such as First Solar Inc have access to most of its market. “We will give a
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    • Article
      Lock icon UBS sends 2 execs on leave over probe into China hiring
      255 12 Reuters [HONG KONG] Swiss bank UBS has put two bankers on leave as part of an internal investigation into the hiring of a close relative connected to a potential Chinese corporate client, IFR reported. The move comes after US
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  • WORLD
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      Lock icon UK, Netherlands file claim against Iceland fund
      453 13 Claim relates to money lost by their savers who held Icesave accounts Reuters [REYKJAVIK] Britain and the Netherlands have filed a claim of 556 billion Icelandic crowns (S$6 billion) plus interest and costs against Iceland’s deposit insurance fund over money their savers lost
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    • Article
      Lock icon Zuckerberg’s US$1b tops US donations
      283 13 AFP [WASHINGTON] Facebook founder and CEO Mark Zuckerberg was America’s most generous donor in 2013, giving nearly US$1 billion of his fortune to charity, according to a magazine report on Monday. The Chronicle of Philanthropy, which tracks chari- table giving in the United States, said
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      Lock icon Thailand may need fresh election
      669 14 Disrupted Feb 2 poll may be impossible to complete: election commissioner Reuters [BANGKOK] Thailand’s election commissioner said it may prove impossible to complete this month’s disrupted election and the whole vote may need to be re-run, implying many months more under a caretaker government with
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    • Article
      Lock icon Obamacare postponed for mid-sized firms
      471 14 Those with 50 to 99 employees need not comply until 2016 NYT [WASHINGTON] The Obama administration announced on Monday that it would postpone enforcement of a federal requirement for medium-sized employers to provide health insurance to employees and allow larger employers more flexibility in how
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    • Article
      Lock icon France risks busting deficit targets
      291 14 AFP [PARIS] France runs a “significant risk” of overshooting its budget deficit target for 2013 and must do more to cut spending, national auditors warned yesterday. The public accounts court also warned that France was at risk of overshooting its target of reducing the public
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      Lock icon Apple fails in new bid to oust e-books antitrust monitor
      462 15 Appointee can go on checking compliance policies, but his powers are limited Reuters [NEW YORK] Apple Inc has lost its latest bid to put a court-appointed antitrust monitor on hold, after a federal appeals court rejected its argument that the
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    • Article
      Lock icon Goldman Sachs partners get US$77m from options
      396 15 Bloomberg [NEW YORK] Goldman Sachs Group partners exercised options awarded at the end of 2008, benefiting from a doubling in the firm’s stock price since the financial crisis. Sixty-four partners exercised options last month that yielded them US$77 million in shares, after covering
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    • Article
      Lock icon GM’s new CEO may earn US$14.4m
      453 15 Total is US$10m more than previously disclosed Bloomberg [DETROIT] General Motors Co (GM) chief executive officer Mary Barra, who started the job last month, may receive total compensation this year of US$14.4 million, US$10 million more than the largest US carmaker previously disclosed. Ms
      Bloomberg  -  453 words
    • Article, Illustration
      Lock icon Fierce Japan nuclear debate expected ahead
      764 18  -  Abe aims to restart idled reactors while opponents favour alternative energy By ANTHONY ROWLEY in Tokyo DESPITE the defeat of former Japanese prime minister Morihiro Hosokawa and other anti-nucle-ar campaigners in Tokyo’s gubernatorial election last Sunday, the nuclear debate is expected to become more
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    • Article
      Lock icon Investors turn to firms hit by sell-off in emerging markets
      513 18 These firms are now trading at unusually low prices Reuters [LONDON] A two-week sell-off in European shares exposed to emerging economies is luring investors to firms caught up in the storm and that now trade at unusually low prices, such
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    • Article
      Lock icon BOE says no proof it was told of forex manipulation
      431 18 Reu ters [LONDON] The Bank of England has seen no evidence to back media allegations that it condoned or was aware of manipulation of reference rates in the foreign exchange market, it said on Tuesday. The central bank discussed with
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      Lock icon Corporate tax across Europe put under antitrust scrutiny
      234 18 Reuters [BRUSSELS] European Union regulators are examining corporate tax loopholes across Europe that allow companies to cut their tax bills, to see if they are an-ti-competitive, the EU’s antitrust chief said on yesterday. European Competition Commissioner Joaquin Almunia’s comments come amid growing
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    • Article
      Lock icon Judicial review sought for JPMorgan fraud settlement
      502 19 Watchdog body says US$13b accord must be examined to see if it is fair or not Bloomberg [WASHINGTON] JPMorgan Chase Co’s US$13 billion fraud settlement with the US government should be blocked until a court is able to review it, a Wall Street
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    • Article, Illustration
      Lock icon Sellafield management rapped for spending too much money
      416 19 Reuters [LONDON] The management of Britain’s nuclear site at Sellafield in northern England is spending too much money and its contract should be cancelled if it does not improve, Britain’s Committee of Public Accounts said yesterday. The head of the committee, which
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      15 13 Tsinghua University professor: pushinguphomepricesinChina~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Excessive market orientation To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      21 13 Dive into the only AQUARIUM VISIBLE from space THERE’S NOTHING LIKE AUSTRALIA FOR YOUR NEXT BUSINESS EVENT. PLAN NOW, VISIT BUSINESSEVENTS.AUSTRALIA.COM
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      232 14 w AVAILABLE FOR DINNER ON 14 AND 15 FEBRUARY V r,. A LOVE-THEMED BUFFET Ladies will receive a glass of champagne cocktail and a stalk of flower while being serenaded by love tunes. Look out for the love photo booth to capture and remember the special night. For reservations, please
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      192 15 UM $10 MILLION Hong Bao Draw Draw on Fri, 14 Feb 2014 at 9.30pm For details, visit www.singaporepools.com.sg p layA Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G m Escape to Romance At A Sky-High Altitude At Swissôtel The Stamford JAAN 14 15 February 2014
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      1088 16 / 17 I A STPROPERTY EXPO MARCH 2014 ijSiaui.. E3r\ 5= ui Let STProperty bring Malaysia's most established property developers to you! Get acquainted with the latest projects in the Malaysian market. Give yourself an edge in improving your investment portfolio with all these resources at your fingertips. mt rt I.,,.. f
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      349 18 About OMNI The Workforce Skills Qualifications (WSQ) Operations Management Innovation (OMNI) Programme was launched on 3rd August, 2010 by Mr Lee Yi Shyan, Senior Minister of State, Ministry of Trade and Industry dnd Ministry of National Development. This programme is jointly organised by Singdpore Workforce Development Agency (WDA) and SIMTech.
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      129 19 Get the latest updates on fb.com/comexITshow COMINGSOON! WIN Samsung Galaxy Tablets Nikon 1 J1 Cameras 27 Feb 2 Mar 2014 iPad Minis as we count down to IT SHOW 2014! Sign up now at itshow.sg/about for a chance to WIN before the show! Bay Sands Levels 1 B2 12pm 9pm
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      462 19 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ARAPAHOE INVESTMENT PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) Co. Reg. No. *****1279K Extract of the minutes by corporate representative of G-Tech Investment Pte. Ltd., relating to the proceedings of subsidiary company under section 179(6) of the
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      721 19 TENDER NOTICE SPH Magazines Pte Ltd (“SPH Magazines”) invites tenders for the provision of event management services for the Shape Run 2014 for a period of 6 months with effect from end-March 2014. Event to take place in 3rd quarter of 2014. Eligibility Criteria: The vendor must possess good track
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  • EDITORIAL & OPINION
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      Lock icon Getting ready for the Asean single market
      1144 20  -  S’pore should take bold steps in Budget 2014 to help businesses capitalise on the AEC BUDGET 2014 By HARVEY KOENIG HO KAH CHUAN The writers are, respectively, executive director, tax, and director, tax, at KPMG in Singapore. The views expressed here are their
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    • Article
      Lock icon Keep a close eye on China slowdown
      507 20 EDITORIAL THE pullback in emerging market equities in the middle of last year was blamed squarely on the fear of the “tapering” of quantitative easing (QE) by the US Federal Reserve, which has since started. Tapering also came into play during the recent
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      Lock icon Welfare state is taking over government in the US
      822 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group SOMETHING strange is happening in Washington. We are slowly dismantling the federal government, even as its spending is growing larger. The paradox is that governmental competence is being systematically degraded while
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      Lock icon Quarterly reporting: three cheers for EU
      1534 21  -  There are more pros than cons in the EU’s decision to make quarterly reporting optional By ANIL KISHORA The writer is country head CEO of the State Bank of India in Singapore. The views expressed in this article are his own THE European Union’s
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      Lock icon Aviation firms devising ways to overcome costly delays
      966 21  -  By JOHN SCHMIDT The writer is managing director of Accenture’s North American aerospace and defence business. He can be reached at john.h.schmidt@accenture. com THE aerospace and defence industry has an enormous problem. Major airplane programmes have been consistently late to market up
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    • Article
      Lock icon Manulife sorry for customer’s bad claims experience
      139 21 LETTER TO THE EDITOR I REFER to Joseph Chong’s letter, “Insurance claim process requires explicit regulation” (BT, Feb 6). Firstly, I would like to apologise for the inconvenience and disappointment that Mr Chong has experienced in dealing with our claims department recently. I
      139 words
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  • Transport HUB
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      Lock icon Maritime sector showing signs of recovery
      422 22  -  Asia Pacific Maritime 2014 to be held in Singapore next month By msingh@sph.com.sg MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] The maritime industry is showing signs of improvement, with Asia continuing to play an important role in this resurgence, sector players said ahead of a major industry
      422 words
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      Lock icon TRANSPORT STOCKS
      241 22 SGX '000 Feb 11 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.26 -0.01 14 Cosco Corp 0.72 0.02 1461 Cwt Limited 1.28 0.01 290 Ezra Hldgs 1.03 0.02 3059 First Ship Lea 0 43 Grand Banks.............unch unch 0 Jaya Hold Ltd 0.77 unch 1022 K1Ventures 0.18 -0.01
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      Lock icon Piracy: both good and bad news
      886 22  -  The situation is better off the Horn of Africa but much worse off West Africa STRAIT TALK By DAVID HUGHES THE good news is that the Somali pirates are having a hard time; the bad news is that their counterparts in West Africa are
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      Lock icon Panama president raps canal ex-chief
      757 22 AFP [PANAMA CITY] Panama President Ricardo Martinelli has blamed the Panama Canal’s former administrator for the crisis surrounding its massive expansion project where work has been halted over a bil-lion-dollar payment dispute. Mr Martinelli said on Monday that Alberto Aleman Zubieta was “responsible for what
      AFP  -  757 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon EJA’s gamble on Senai set to pay off
        618 23  -  Plans are under way to build a second hangar on the company’s 1.8ha site By ven@sph.com.sg VEN SREENIVASAN ven@sph.com.sg [SINGAPORE] It was a risky move, even a gamble. After all, why leave the established Seletar Aerospace Park in Singapore to resettle operations
        618 words
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        Lock icon A350 takes off to impress Asian market
        626 23 Still in testing phase, the Airbus jet will start flying in Q4 SINGAPORE AIRSHOW 2014 Bloomberg [SINGAPORE] Airbus Group let its new A350 play hooky for a few days from rigorous flight testing to show off the plane at the Singapore Airshow, as
        Bloomberg; PHOTO: YEN MENG JIIN  -  626 words
      • Article
        Lock icon Boeing to raise India market forecast
        392 23 Bloomberg [NEW DELHI] Boeing Co is set to raise its India market forecast as the planemaker expects surging travel demand in the world’s sec-ond-most populous nation to withstand a slowdown in economic growth and a fall in rupee. Boeing will increase its prediction for
        Bloomberg  -  392 words
      • Article
        Lock icon Garuda gets 4 bids for budget carrier Citilink
        603 23 Bloomberg [SINGAPORE] PT Garuda Indonesia has bids from four companies to purchase a stake in its low-fare unit Citilink as the national airline seeks a partner to expand amid a boom in air travel. Garuda expects to take a decision on the
        Bloomberg  -  603 words
      • Article
        Lock icon From reality to virtual: 3D training ‘classroom’
        392 23  -  By tsheena@sph.com.sg SHEENA TAN tsheena@sph.com.sg [SINGAPORE] Imagine checking an aircraft for fuel leaks, testing landing lights within the cockpit and removing blanks and streamers all without coming into contact with an aircraft. This will be possible with the help of the Aviation Maintenance
        392 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Cat A diesel models ‘a tough sell’
        670 24  -  Diesel fuel savings means good potential but image for now is negative By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] There may be many certificate of entitlement (COE) Category A diesel models available here but they are mainly to satisfy a distributor’s need to be present
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      • Article
        Lock icon Porsche sees Macan SUV driving sales
        476 24 Deliveries will top 200,000 next year, ahead of schedule Bloomberg [FRANKFURT] Porsche AG chief executive Matthias Mueller said the automaker will exceed 200,000 in annual deliveries in 2015 on demand for the Macan compact sport utility vehicle going on sale later this year. Porsche
        Bloomberg  -  476 words
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        Lock icon Tesla eyes green car subsidy for its Model S in China
        339 24 Bloomberg [LOS ANGELES] Tesla Motors, the youngest and smallest publicly traded US carmaker, wants its Model S to qualify for China’s electric car subsidies that the government said would remain more valuable than initially planned. Shares of Palo Alto,
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  • Page 22 Advertisements
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      21 22 GET YOUR COPY NOW! IN THIS ISSUE •STYLISH SPACE-SAVING STRATEGIES •HOT FABRIC TRENDS •PROJECTOR SCREENS 101 FOR MORE DETAILS homeanddecor.com.sg /homeanddecor.singapore
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      75 22 Hotel Solutions and Food Beverage Trade Show 2014 Planning to visit Myanmar? Hospitality Equipment Tea Hospitality Retail Technology Food Service, Kitchen Equipment Supplies Food Beverage 17 19 February 2014 Myanmar Convention Center, Min Dhamma Road, Yangon Get your free visitor pass now! Register online at www.mhft.sphereconferences.com/ preregisternow.asp Organised by: Find
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      344 23 CRYPTIC CROSSWORD Across 1 County towns ultimately chasing personnel (6) 4 Vulnerable zone wiped out after removing leader (4,4) 10 End without a king one died, with authority usurped (9) 11 Perennial insolence by trade union (5) 12 Set store by mother becoming expert (7) 13 Desire to follow Scottish
      344 words
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      163 24 SME 101: MARKETING BOOTCAMP Marketing strategies for SMEs using video, social media and mobile phones ONLINE REGISTRATION ONLY Tickets can only be purchased via our online registration page using credit cards. REGISTER HERE: www.stjobs.sg/bootcamp 27 28 MARCH 2014 For enquiries, please email customercare@stjobs.sg or call 1800 6978 701 during office
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  • Article
    Lock icon Shipping Times
    2218 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
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      132 25 Shanghai Chittagong C a il a n E n n o r e J e d d a h B r Ho Chi Minh NYK RORO &Conventional ServiceREGULAR SERVICE TO REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea, Australia, East South Africa, Asia Europe is b a n e H
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      131 25 V"\ r 40* new RtPO pT EPC fgl Services we provide; Transportation/Haulage Mechanical Repairs Pre Delivery Inspection Refurbishment Accessory Fittings Washing Storage/Preservation Yard Management Wallenius Wilhelmsen Logistics Singapore Pte Ltd Tel: (65) 6379 5166 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com Website: http://www.2wglobal.com FREIGHT LINKS EXPRESS Customer Service Contact: *****535, *****553,
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      122 26 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II I FREIGHT FORWARDER urgently needed by shippers 1 Can they find your services here in the Shipping Times? TO ADVERTISE. CALL JOE WONG AT 9620 1327 Highlight Your
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      18 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3171 27 Transaction date: Feb 11 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 141.5 +1.5 179 141.5
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      Lock icon SGX CATALIST
      288 28 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
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    • Article
      Lock icon UNIT TRUST & FUNDS
      11465 28 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1.8042/ China Opportunities 1 2 646/ FM local Ccy Bond .0 8723/ Furopean
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      Lock icon GLOBALQUOTE
      249 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US40.5 unch 1032 40.5 40 40 40.5 2666.7 Sale 318 191 TanChongInt HK298 -2 99 299 297 296 298 4.3 2.3
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      Lock icon SGX ETF
      829 28 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 122 +1.5 10 122 122 118 114.4 94 CIMB APAC Div 100US$ US95 92 10 1510 1192 CIMBASEAN40 100S$D
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  • FINANCE & COMMODITIES
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      Lock icon SGX DERIVATIVES TRADING
      698 29 Feb 11 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.83 *****.92 *****.30 Mar14 *****.00 *****.00 *****.00 *****.00 *****8 *****0 Jun14 *****.00 *****.00 *****.00 *****.00 54 3250 MSCI TAIWAN INDEX FUTURES SPOT 293.74 295.11 293.36 Feb14 292.50 294.40 291.80 294.40 ***** *****9 Mar14 292.10
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr Feb 10 Index Change Change Change Change Change Change World Preliminary 1153.3 0.1 -2.6 0.4 -2.2 0.2 -2.8 EAFE Preliminary 929.4 0.4 -2.8 0.8 -2.2 0.6 -2.8 Europe Preliminary 1340.5 0.1 -1.1
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 29 Feb 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.000 5.466 0.660 6.997 56.217 109.751 0.922 9.660 3.009 1.084 95.021 40.658 1.144 10.054 0.808 27.386 29.568 0.550 0.902 Canada 1.000 5.467
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    • Article
      Lock icon SIBOR
      34 29 Feb 11 (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
      84 29 Feb 11 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-19 105.59 105.67 105.60 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      136 29 Feb 11 GOLD(US$/oz) Feb 11 Feb 10 Hong Kong 1288.00 1277.00 Feb 10 Feb 07 London 1274.50 1262.60 1275.45 1263.25 Source: Thomson Reuters CAST BAR Feb 11 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 118 52 5gm 334 261 10gm 597 523
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    • Article
      Lock icon PALM OIL
      57 29 Feb 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 14 2605.0 2610.0 2610.0 2595.0 124 1006 Mar 14 2611.0 2613.0 2629.0 2595.0 1803 ***** Apr 14 2615.0 2610.0 2622.0 2595.0 ***** ***** May 14 2608.0 2603.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 29 Feb 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1438 1.1444 0.9019 0.9021 Canadian dollar 1.1438 1.1446 0.9023 0.9019 Euro 1.7324 1.7334 1.3660 1.3664 NZ dollar 1.0546 1.0553 0.8316 0.8319 Sterling pound 2.0801 2.0810 1.6402 1.6404
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    • Article
      Lock icon CHICAGO BOT
      109 29 Feb 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1325.50 1331.50 1340.00 1318.50 May 14 1312.25 1317.50 1326.00 1305.00 Jul 14 1295.50 1298.00 1307.50 1288.00 Aug 14 1249.50 1251.00 1260.00 1242.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
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    • Article
      Lock icon LIFFE
      94 29 Feb 10 COCOA (£/tonne) Close Prev High Low Mar 14 1862 1867 1874 1857 May 14 1854 1859 1865 1848 Jul 14 1847 1852 1858 1842 Sep 14 1838 1843 1848 1832 COFFEE(US$/tonne) Close Prev High Low Mar 14 1796 1776 1799 1751 May 14 1788 1767 1790 1740
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1174 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 40 0.0 5 -87 53 Asia-Pacific Strategic W*****6 0.2 1 123 224 190.00 3 Ratio Exer Ascendas Reit MB ECW*****3 2.9 0.2 240 1 Ascendas Reit MB eCW*****1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS Feb 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.56 1.00 WTI (Near Mth) 100.08 0.14 Dubai (1-Mth F) 105.30 2.05 Tapis blend 116.54 2.23 Minas 109.54 2.23 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.31 0.67 Jet Kerosene 123.26 1.41 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Feb 11 S$ Bid Offer 1-month 1.2682 1.2686 2-months 1.2681 1.2686 3-months 1.2681 1.2685 6-months 1.2678 1.2683 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 29 Feb-10 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1658.75 1677.25 3 months 1701.00 1719.00 Copper, Grade A(US$/tonne) Cash 7136.00 7189.50 3 months 7095.00 7141.00 Lead(US$/tonne) Cash 2085.50 2101.75 3 months 2103.00 2119.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am Feb 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.163 1.108 Can dollar 1.171 1.126 Euro 1.774 1.690 Sterling pound 2.123 2.042 NZ dollar 1.075 1.034 US dollar 1.296 1.235 Local dollars to 100 units of foreign
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