The Business Times, 13 February 2014

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Microfilm: NL32979
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    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 Thursday, February 13, 2014
    25 words
  • Article, Illustration
    Lock icon FDI here creating more value but fewer jobs than before
    608 1  -  Type of investment also matter, and Singapore scores well on this and value to economy: study By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] The Republic appears to be losing steam when it comes to attracting foreign direct investment (FDI) when these
    Source: Global Location Trends: 2013 annual report  -  608 words
  • Article, Illustration
    Lock icon Non-exec directors’ pay up 9.8%: Hay Group
    607 1  -  Upward trend seen continuing with shortage of good qualified directors, more responsibilities By lynkhoo@sph.com.sg LYNETTE KHOO lynkhoo@sph.com.sg [SINGAPORE] Non-execu-tive directors (NEDs) in Sin-gapore-listed companies enjoyed a 9.8 per cent increase in fees compared to a year ago, with directors in small and medium-sized
    Source: HayGroup  -  607 words
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      Lock icon Page 1 Advertisements Column 1
      232 1 PROPERTY Rivertrees pricing set to top Riverbank’s PAGE 31 DIGITAL GOVERNANCE Singapore takes top spot in e-governance: study PAGE 10 SINGAPORE AIRSHOW 2014 Deals, deals and more deals PAGES 5, 21 HOCK LOCK SIEW CMT retail bond more for savers than investors PAGE 6 Ik 4 m The L.U.C Collection
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      Lock icon Page 1 Advertisements Column 2
      8 1 *****1 11 *****4 Markets Digest on Page 2
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  • TOP STORIES
    • Article
      Lock icon NTUC: Raise CPF rate for workers aged 50-55 by 1 -2 points
      684 2  -  It reminds DPM Tharman to keep promise to close gap with younger workers By CHUANG PECK MING peckming@sph.com.sg THE labour movement is seeking a 1-2 percentage-point hike in the Central Provident Fund (CPF) rate for workers aged 50-55
      684 words
    • Article, Illustration
      Lock icon China’s Jan trade figures surge, raising questions
      792 2  -  Most analysts are doubtful about reliability of data By VIRGINIE MANGIN in Beijing CHINA’S trade data surged last month, potentially pointing to a strong-er-than-expected economy, but has left many analysts scratching their heads wondering why. The value of China’s total exports climbed 10.6
      PHOTO: REUTERS  -  792 words
    • Article
      Lock icon Thai opposition loses bid to annul election
      437 2 AFP [BANGKOK] Thailand’s opposition yesterday lost a legal bid to nullify a controversial election disrupted by an-ti-government protests, in a boost to caretaker Prime Minister Yingluck Shinawatra’s crisis-hit administration. The kingdom’s Constitutional Court declined to consider the petition by the Democrat Party to
      AFP  -  437 words
    • Article
      Lock icon Malaysia’s GDP expands 5.1% in Q4 last year
      432 2  -  This caps overall growth figure for 2013 at 4.7% By S JAYASANKARAN By in Kuala Lumpur BUOYED by private-sector demand and an improved performance in exports, Malaysia’s gross domestic product (GDP) expanded 5.1 per cent in Q4 last year, capping the overall
      432 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      345 2 FDI creating fewer jobs in Singapore THE Republic appears to be losing steam when it comes to attracting foreign direct investment when these are measured by job spin-offs. FRONT PAGE Non-exec directors’ pay up 9.8% NON-EXECUTIVE directors in Singapore-listed companies enjoyed a 9.8 per cent increase in fees
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    • MARKETS DIGEST
      • Article
        Lock icon FOREX
        65 2 GST INDEX 3,035.45 (+6.35) GST INDEX FUTURES 3,033.00 (+6.00) GSIMSCI 346.42 (+0.16) GSIMSCI FUTURES 345.90 (+0.40) US$ S$ US$ (S$ per US$) 1.265 (US$/S$ per 1.644 2.079 EURO (US$/S$/€ 1.363 1.724 Foreign currency per US$ S$ YEN 102.50 81.00 RM 3.322 2.626 HK$ 7.755 6.132 BAHT 32.55 25.74 RUPIAH
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      • Article
        Lock icon MARKETS
        48 2 Wednesday Change KL COMP 1,825.64 +1.47 NIKKEI 225 14,800.06 +81.72 HANG SENG 22,285.79 +322.81 SET INDEX 1,314.06 +17.81 JAKARTA COMP 4,496.29 +26.10 MANILA COMP 6,112.31 +6.28 SEOUL COMP 1,935.84 +3.78 SHENZHEN B 856.39 +3.91 MUMBAI IND 20,448.49 +85.12 11.00am EST Change DOW 15,962.34 -32.43 NASDAQ 4,196.53 +5.48
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      • Article
        Lock icon PRIME RATES
        20 2 SINGAPORE 5.38 MALAYSIA 6.55 INDONESIA 5.00 INDONESIA 14.848 KOREA 5.036 JAPAN 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
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    • Article
      Lock icon Home ownership still a key social pillar: Boon Wan
      331 4  -  HDB’s mission remains critical, relevant, he adds, on the 50th anniversary of Home Ownership Scheme By FELDA CHAY feldac@sph.com.sg [SINGAPORE] Home ownership remains a key social pillar here, and the government will continue to help Singaporeans realise their dreams of owning
      331 words
    • Article, Illustration
      Lock icon The BT Charity Challenge returns on March 30
      613 4  -  By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] Cyclists, gear up for Singapore’s largest cycling event next month. Part of OCBC Cycle Singapore 2014, The Business Times Charity Challenge is back for the third time running, and hopes to raise funds and awareness for two
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    • Article, Illustration
      Lock icon Etihad may unveil stake buy in Alitalia soon: CEO
      562 5  -  Etihad is reportedly buying 40% of Italian carrier for 300m euros SINGAPORE AIRSHOW 2014 By VEN SREENIVASAN ven@sph.com.sg [SINGAPORE] Etihad Airways could make an announcement about its stake purchase into ailing Italian carrier Alitalia sometime next week. Etihad CEO James Hogan
      562 words
    • Article, Illustration
      Lock icon SIA, Airbus form flight training venture
      462 5  -  By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Singapore Airlines (SIA) is flying into new territory with a flight training centre in a joint venture (JV) with Airbus that will cost $80 million upfront. The facility, known as the Airbus Asia Training Centre (AATC), will be 55
      PHOTO: YEN MENG JIIN  -  462 words
    • Article
      Lock icon Iata award for Sats' Dharma landling
      197 5  -  By SHEENA TAN tsheena@sph.com.sg [SINGAPORE] Sats Coolport, a centre for cold-chain handling of perishable and pharmaceutical airfreight, has become the first in the world to be given an award by the International Air Transport Association (Iata) for being a centre of excellence for pharmaceutical
      197 words
    • Article, Illustration
      Lock icon Qatar Airways to increase flights to Singapore
      321 5  -  By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Qatar Airways, which currently has orders for more than 280 new aircraft, may boost frequencies to Singapore as it scales up its network. “As we grow the route network, we will also grow frequencies into our important destinations,”
      PHOTO: YEN MENG JIIN  -  321 words
    • Article
      Lock icon Airbus bags Amedeo order for 20 A380s
      191 5  -  By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Airbus firmed up a deal for 20 A380s worth US$8.3 billion at list prices with leasing company Amedeo at the Singapore Airshow yesterday. Amedeo, formerly known as Doric Lease Corp, had placed a provisional order with the planemaker
      191 words
    • Article, Illustration
      Lock icon Airbus is Asia’s partner in growth, says CEO
      476 5  -  It’ll invest in region and also source for talent and supplies B y NISHA RAMCHANDANI nishar@sph.cm.sg [SINGAPORE] The Airbus Group will continue to grow in Asia, as it seeks to sell more aircraft to regional carriers as well as expand its footprint
      476 words
    • Article
      Lock icon 1,500 jets seen in Asia-Pac pipeline
      242 5  -  By joyceh@sph.com.sg JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] The Asia-Pacific is poised to take delivery of 1,500 new jets with capacities of 70-130 seats over the next 20 years, according to estimates by Embraer Commercial Aviation. This pipeline of aircraft, valued at US$70 billion at list
      242 words
    • Article
      Lock icon Dubai, Thai firms to buy 48 ATR 72-600 planes
      271 5  -  By RAPHAEL LIM raphlim@sph.com.sg [SINGAPORE] Aircraft manufacturer ATR inked two contracts worth nearly US$1.2 billion for up to 48 ATR 72-600 turboprops at the Singapore Airshow yesterday. The first deal, valued at US$988 million at list prices, was signed with United
      271 words
    • SHORT HOPS
      • Article
        Lock icon Pratt & Whitney gets MAS deal
        50 5 Pratt Whitney gets MAS deal PRATT Whitney has been awarded a 10-year fleet management programme worth about US$550 million by Malaysia Airlines. The airline’s fleet of 43 PW4170 installed engines and spare engines will be maintained under the programme. The Pratt Whitney engines power Malaysia Airlines’ fleet of A330 aircraft.
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      • Article
        Lock icon Hawker-Embraer service contract
        53 5 HAWKER Pacific, an aircraft sales and product support company, has signed a contract with Embraer Executive Jets to provide full maintenance support to the latter’s Legacy 500 and Legacy 450 customers in the Asia-Pacific region. The Legacy 500 midsize jet will enter service in the first half
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      • Article
        Lock icon Honeywell to power Garuda fleet
        40 5 HONEYWELL Aerospace and GMF AeroAsia (GMF) are working together to maintain the 131-9A auxiliary power unit for Garuda Indonesia’s A320 fleet, Honeywell said yesterday. Garuda expects its first A3 20 to be delivered this year.
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      56 3 HSBC Women's Champions 27 February-2 March 2014 Sentosa Golf Club i i THE TOUGHEST WOMEN IN GOLF RETURN TO ONE OF ASIA'S TOUGHEST COURSES r K M MARat HO I V d H www.hsbc.com.sg/womensgolf olf rporation Limited, which is incorporated in tlfe Hong Kong SAR with limited liability 1 I
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      220 4 NEW IP INITIATIVES TO BOOST INNOVATION IN SINGAPORE IPOS INTELLECTUAL PROPERTY OFFICE OF SINGAPORE The Intellectual Property Office of Singapore (IPOS) has sought feedback from innovators, businesses and industries within our IP ecosystem to continuously improve our products and services to our customers. Here are some of the new initiatives
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      Lock icon Page 4 Advertisements Column 2
      155 4 Pave your child’s future with the right diploma, It’s possible. ■a* Our Annual Open House Returns! 22 March 2014 (Saturday) 11 am to 5pm v*r 4* A \P Full-time Diplomas in: Business Administration Business Administration (Accounting Finance) Tourism Hospitality Management Electrical Engineering Mechanical Engineering Progression Pathway*: GCE N O A-level
      155 words
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  • COMPANY NEWS
    • Article
      Lock icon CMT retail bond more for savers than investors
      821 6  -  HOCK LOCK SIEW By CAI HAOXIANG haoxiang@sph.com.sg THE first retail bond offering of the year by CapitaMalls Trust (CMT), Singapore’s first and largest real estate investment trust (Reit), offering a yield of 3.08 per cent for seven years, comes at an interesting
      821 words
    • Article
      Lock icon FCL’s Q1 net profit dips 7% to $121m
      559 6  -  By LISA LEE lisalcc@sph.com.sg PROPERTY conglomerate Fraser Centrepoint Ltd’s (FCL) first set of quarterly earnings after its recent split from Fraser and Neave (F&N) is likely to place it in the league of large-cap real estate plays such as Keppel Land and
      559 words
    • Article
      Lock icon Challenger proposes final dividend of 1.42 cents
      253 6  -  By amit@sph.com.sg AMIT ROY CHOUDHURY amit@sph.com.sg SINGAPORE’S largest IT products and services provider, Challenger Technologies, yesterday proposed a final tax-exempt dividend of 1.42 cents per ordinary share in fiscal 2013 which ended on Dec 31. This comes on the back of an interim
      253 words
    • Article
      Lock icon Far East H-Trust posts Q4 DPS of 1.42¢
      499 7  -  Both distribution and income short of forecast; full year DPS at 5.64 cents By MINDY TAN tanmindy@sph.com.sg FAR EAST Hospitality Trust (Far East H-Trust) has posted a distribution per stapled security (DPS) of 1.42 cents for the fourth quarter ended December, 2.1
      499 words
    • Article
      Lock icon Asian hedge fund capital hits new high of US$112b: report
      437 7  -  By JAMIE LEE leejamie@sph.com.sg TOTAL capital invested into Asian hedge funds reached around US$112 billion last year, surpassing the record set in 2007, according to the HFR Asian Hedge Fund Industry Report. The previous high of US$111 billion was recorded
      437 words
    • Article
      Lock icon RHT’s DPU for Q3 4.9% higher than forecast
      267 7  -  By MINDY TAN tanmindy@sph.com.sg RELIGARE Health Trust’s (RHT) distribution per unit (DPU) for the third quarter ended December was 2.14 cents, 4.9 per cent higher than its projection of 2.04 cents. This translates into an annualised yield of 11 per cent, based
      267 words
    • Article
      Lock icon Ezion Hldgs terminates RTO bid for Ocean Sky
      235 7  -  By KEVIN TAN tankevin@sph.com.sg OFFSHORE marine group Ezion Holdings has terminated a bid to buy 45.15 per cent of the enlarged share capital of mainboard-listed Ocean Sky International. The failed bid involved a reverse takeover (RTO) plan by Ezion, which wanted to
      235 words
    • Article
      Lock icon SBS Transit’s full-year profit falls 39.8%
      405 9  -  Revenue rises 6.9% but is outpaced by total operating expenses By KENNETH LIM kenlim@sph.com.sg BUS and rail operator SBS Transit posted a 39.8 per cent drop in full-year profit as higher costs outweighed revenue growth in its key businesses. Net profit for the year
      405 words
    • Article, Illustration
      Lock icon DBS sets up $50m foundation
      527 9  -  Foundation is set to impact communities in the region B y SIOW LI SEN By lisen@sph.com.sg DBS Bank yesterday launched a $50 million foundation as it scales up to make a positive impact on the communities in the region. From the $50 million, the foundation
      527 words
    • Article
      Lock icon Biosensors Q3 gain drops 55% to US$11.1m
      409 9  -  By MINDY TAN tanmindy@sph.com.sg BIOSENSORS International’s net profit for the third quarter ended December fell 55 per cent to US$11.1 million from US$24.9 million a year ago. Revenue crept up one per cent to US$82.5 million from US$81.3 million. This was largely due
      409 words
    • COMPANY BRIEFS
      • Article
        Lock icon Tiong Woon’s Q2 profit soars 75%
        68 9 TIONG Woon Corporation’s profit for Q2 ended December rose 75 per cent to $8.8 million even as turnover slipped 20 per cent to $44.4 million. The decline in turnover was mainly attributed to lower contributions from the engineering services and trading segments. For H1,
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      • Article
        Lock icon Karin post 45% plunge in interim earnings
        50 9 KARIN Technology Holdings’s net profit for H1 ended December fell 45.2 per cent to HK$18.5 million (S$3 million) while revenue slipped 22.6 per cent to HK$1,642.7 million. It has proposed an interim dividend of 5.2 HK cents per share, payable on March 13.
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      • Article
        Lock icon Ellipsiz profit inches up in Q2
        30 9 ELLIPSIZ’S profit for Q2 ended December rose 4 per cent to $1.24 million. Revenue rose 11 per cent, from $36.1 million to $40 million.
        30 words
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      Lock icon Page 6 Advertisements Column 1
      680 6 Transform Yourself The Workplace Who should attend: Sales, marketing and retail professionals; supervisors, managers, team leaders and other general management professionals; business owners, and anyone interested in amplifying their revenue and performance at the workplace. 2014 FEBRUARY SERIES Productivity and Credit (PIC) Claimable FULL-DAY WORKSHOPS Amplify Your Sales, Multiply Your
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      136 7 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
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI climbs further on positive Wall St
      683 8  -  Market gets a boost too from Hong Kong and good China exports data; volume remains low STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE positive Wall Street endorsement of new US Federal Reserve chairman Janet Yellen on Tuesday spilled over here yesterday, sending the
      Source: Bloomberg  -  683 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 8 Feb 12 VALUE CLOSE BT OB/OS -312.00 +19.00 BT CADI -*****.00 BT 10-day MA -*****.00 -31.00 FTSE ST Mid Cap 701.58 -0.25 FTSE ST Small Cap 525.62 +1.10 FTSE ST All Share 738.79 +1.24 FTSE ST China Top 195.32 +0.40 FTSE ST China 221.75 -0.01 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      54 8 VOLUME Transcu Grp 254,302,000 Charisma Energy 254,087,000 HanKore 168,371,000 Albedo 115,023,000 KLW Hldgs 82,924,000 Memstar 70,994,000 Gallant 50,165,000 Charisma W*****3 49,499,000 CNA 43,363,000 JES 37,179,000 VALUE($) DBS Grp 50,178,676 OCBC Bk 44,772,359 SingTel 39,456,971 Keppel Corp 32,008,522 GLP 30,424,420 CapitaLand 25,925,430 SuntecReit 24,045,840 MapletreeLog 23,310,355 Genting SP
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 3 3 0 0 0 5 3 3 Manufacturing 49 41 32 6 10 10 55 51 42 Commerce 21 24 17 4 8 1 25 32 18 Tpt/Stor/Comms 15 12 13
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon SATS
        341 8 Feb 12 close: S$3.07 OCBC Investment Research SATS Ltd posted a pretty lethargic set of Q3-FY14 results. Revenue was flat at S$465.5 million, or just shy of the street’s S$472.5 million forecast (based on Bloomberg consensus), mainly because of lower food revenue (down 3.9 per cent y-o-y) arising from
        Source: Bloomberg  -  341 words
      • Article
        Lock icon Offshore and Marine sector
        214 8 Maybank Kim Eng Research, Feb 12 WE are above consensus for Sembcorp Marine and anticipate a sequential upturn in operating margin to 12 per cent in Q4-FY13 estimate. Small to mid-cap offshore oil and gas names could see strong double-digit y-o-y net profit growth but commercial
        214 words
      • Article
        Lock icon Hutchison Port Holdings Trust
        309 8  -  Compiled by KENNETH LIM Feb 12 close: US$0.66 DBS Vickers Research, Feb 12 Q4-FY13 operating results for Hutchison Port Holdings Trust were below (expectations), but H2-FY13 DPU (distribution per unit) of 22.3 HK cents was better than expected. The trust is looking to deliver at least
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 62,733 62,733 66,607 66,607 Manufacturing 351,728 141,656 493,384 138,708 6,719 145,427 Commerce 91,231 190,595 281,826 71,090 14,799 85,889 Tpt/Stor/Comms 77,324 1,752 79,076 111,250 160 111,411 Finance 33,445 71 33,516 134,310 15 134,325 Construction 60,401 284,686
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.735 -0.010 CapitaLand 2.900 +0.020 CapitaMall 1.820 -0.005 CityDev 9.280 +0.030 ComfortDelGro 1.925 DBS Grp 16.41 +0.030 GLP 2.800 +0.030 Genting SP 1.400 -0.005 Golden Agri 0.525 +0.005 HK Land 6.090 HPH Trust US$ 0.660 JMH 54.00 +0.990 JSH 32.07 +0.970
      112 words
    • Article, Illustration
      Lock icon Pound at 2-week high against US dollar
      547 8 CURRENCIES Reuters [LONDON] The British pound rose to a two-week high against the US dollar yesterday after the Bank of England (BOE) raised growth forecasts in its quarterly inflation report and hinted it may raise interest rates next year. A rate hike in
      Reuters; PHOTO: BLOOMBERG  -  547 words
    • Article
      Lock icon RISES
      110 8 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 462.7 2.1 DBXT SPASX200 10US$ 3857 265.5 5.8 DBXT MSUSA 10US$ 4527 240.2 4.4 DBXT MSJAP 10US$ 4523 218.7 4.0 DBXT FTChina25 10US$ 2793 171.9 5.1 JMH 5400 125.2 1.9 JSH 3207 122.6 3.1 DBXT STGLDv100 10US$ 3137 88.5 2.3
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    • Article
      Lock icon FALLS
      120 8 BY CENTS CLOSE DOWN Jardine C&C 3491 -57.0 -1.6 DBXT iBoxxIDR 10US$ 891 -43.0 -3.7 Pan Ocean 100 520 -40.0 -7.1 SATS 307 -11.0 -3.5 Ocean Sky 20 -8.5 -29.8 Haw Par Corp 844 -7.0 -0.8 UOL 576 -6.0 -1.0 F&N 331 -5.0 -1.5 DBXT MSAXJHDY 10US$ 166.2 -4.8
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      254 9 (jongrcLtii/atiofiSy. to the graduating class of 2014 Asia Camous Ampornpanga, Supasit Annarella, Cyril Arukil, Suraj Vattekat Beltram, Justin Lee Bokides, Theodore Nicholas Chaussin, Nicolas Chen, Gary Chong Phui-Nah Chong Tien Yau Chua Kay Liang Chukiat, Nicholas Wynn Chung Chi Pheng Chung Whan Wook Chyun, In Jae Clarke, Stella Eckle, Lars
      254 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Local CRM startup bags $5m funding from Amex Ventures
      263 10  -  By JACQUELYN CHEOK jaccheok@sph.com.sg LOCAL startup Capillary Technologies, which makes customer relationship management (CRM) cloud-based software, recently bagged close to $5 million in funding from American Express (Amex) Ventures, in what it claims is the latter’s first investment in the region.
      263 words
    • Article, Illustration
      Lock icon MNCs offer women easier climb
      383 10  -  By VIVIEN SHIAO vshiao@sph.com.sg WOMEN may find it easier to climb the corporate ladder in large companies compared to smaller firms, according to a global survey by Robert Half. The survey which polled 970 HR managers in 13 countries, including 100 from Singapore, found that
      383 words
    • Article
      Lock icon Singapore takes top spot in e-governance: study
      499 10  -  But its respondents feel that more can be done to improve public services By LEE MEIXIAN leemx@sph.com.sg SINGAPORE came in tops among 10 countries in its use of digital governance, beating the ranks of tech-savvy Germany, the UK, and even the US. But
      499 words
    • Article, Illustration
      Lock icon LinkedIn hits 50m members in Asia-Pac
      589 10  -  Seven in 10 professionals in Singapore are on LinkedIn By AMIT ROY CHOUDHURY amit@sph.com.sg LINKEDIN’S membership base in the Asia-Pacific has shot past the 50 million mark, the world’s largest online professional network announced yesterday. This nearly triples the number of members it had
      FILE PHOTO  -  589 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Pacific Alliance gives S’pore observer status
        78 10 THE Pacific Alliance, a Latin American trade bloc comprising Chile, Colombia, Mexico and Peru, conferred observer status on Singapore on Monday. Singapore already has several agreements with the member nations of the grouping, which collectively has a foreign trade volume worth US$1 trillion and
        78 words
      • Article
        Lock icon A*Star institute, Korea institutions team up
        83 10 AN A*Star institute here has teamed up with two Korean institutions to undertake research projects, run conferences and manpower training programmes in the field of glycomics. Glycomics is the study of sugars in biological systems, and has implications for biopharmaceutical drug-testing and treatments for
        83 words
      • Article
        Lock icon New appointments at Subordinate Courts
        63 10 FOO Tuat Yien will replace Leslie Chew as Senior District Judge of the Civil Justice Division in the Subordinate Courts when Judge Chew retires on March 13. Valerie Thean, now the deputy secretary of the Ministry of Law, will take on Judge Foo’s current appointment
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      Lock icon Page 10 Advertisements Column 1
      35 10 $10 MILLION Hong Bao Draw Draw on Fri, 14 Feb 2014 at 9.30pm For details, visit www.singaporepools.com.sg P L A V& Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G m
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      Lock icon Page 10 Advertisements Column 2
      54 10 rJ L 7 T7 or cJr7 7~> J L L o I i v FIND THE ONES L -o THAT FIT ■o Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. L n ""7 n QJ S o r> L L >sd WATS
      54 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Jakarta on collision course with mining firms
      825 11  -  Tax dispute with Freeport, Newmont could tie up US$2.5b of shipments By JEFFREY HUTTON By in Jakarta INDONESIA’S government appears ready to settle into a protracted dispute over export taxes with US mining giants Freeport Indonesia and Newmont Mining Corp, tying up US$2.5
      REUTERS FILE PHOTO  -  825 words
    • Article
      Lock icon Hartalega’s rivals nibbling at its profits
      523 11  -  By in PAULINE NG in Kuala Lumpur HARTALEGA Holdings used to be the runaway leader in the making of synthetic gloves, but the competition has been nipping at its heels, and softer pricing has also hit its latest quarterly earnings. Its net profit of
      523 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      308 11 The Nova Building BUCKINGHAM PALACE ROAD LONDON SW1 X 1 tun r< b ite-ir 4i- a' 1 «s -^«i m an 9 'C •T» m I «s r 5T. n 1 M u6*l u MJ.»M L m »5SSiSite^^ V m k Hi Sh. A Sales Exhibition Four Seasons Hotel Crescent
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Kejriwal orders graft probe into India’s richest man
      675 12 Delhi CM’s move is latest salvo against Mukesh Ambani over gas pricing Reuters [NEW DELHI] Delhi’s new chief minister took his an-ti-graft campaign to new heights on Tuesday, ordering an investigation into India’s richest man, Reliance Industries chairman Mukesh Ambani, and policymakers
      Reuters; PHOTOS: REUTERS, AFP  -  675 words
    • Article
      Lock icon China shadow bank product in default
      595 12 Trust firm working to recover investor funds: report Reuters [SHANGHAI] A high-yield investment product backed by a loan to a debt-ridden coal company failed to repay investors when it matured last Friday, state media reported yesterday, in the latest sign of financial stress in
      Reuters  -  595 words
    • Article
      Lock icon Li backs total ban on construction of new official buildings
      278 12 Reuters [SHANGHAI] Chinese Premier Li Keqiang has called for a complete halt to construction of new government buildings, training centres and hotels, throwing his weight behind a standing order that the authorities have had difficulty enforcing in recent months. Mr
      Reuters  -  278 words
    • Article
      Lock icon Taiwan’s voters will decide course of relations with China, say analysts
      582 12 For now both sides will be content with building confidence AFP [BEIJING] The first govern-ment-to-government meeting between Beijing and Taipei since the brutal civil war ended in 1949 highlights China’s dream of reunification but analysts say Taiwanese voters will
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      424 12 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,
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  • WORLD
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      Lock icon US House okays extension of borrowing authority
      847 13 The 221-201 vote is carried without any Republican conditions Reuters [WASHINGTON] The US House of Representatives narrowly approved a one-year extension of federal borrowing authority on Tuesday after Republicans caved in to President Barack Obama’s demands to allow a debt limit increase without
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    • Article
      Lock icon Flappy Bird creator pulls app because it causes ‘unexpected addiction’
      402 13 WP [HANOI] Dong Nguyen, the Vietnam-based developer of the viral hit Flappy Bird, has a couple of things to tell fans of his now-defunct app. First, he wants to thank them. And second, he wants to tell them that he
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      Lock icon Yahoo acquires maker of diary app Days
      360 13 Wander purchase part of strategy to focus on tablets and smartphones AFP [SAN FRANCISCO] Yahoo on Tuesday added the startup behind smartphone visual diary app Days to its list of acquisitions as chief executive Marissa Mayer tries to pump new life into the
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      Lock icon US cracks down on luxury car re-exports to China
      1361 14 Criminal or civil actions have been filed in US states, but some contend it’s just a commercial dispute NYT [NEW YORK] US federal prosecutors are cracking down on the growing luxury car re-export business, which is estimated by some to be
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      Lock icon Toyota exit spurs jobs pain amid RBA rate bets
      539 15 Bloomberg [SYDNEY] The death of Australia’s car industry and forecasts for decade-high unemployment are adding to the dilemma faced by the central bank as traders price in a better-than-even chance of an interest rate increase in a year. Swaps trading on
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      Lock icon Commodity ETPs in January take US$1.7b beating
      523 15 Reuters [LONDON] Emerging market turmoil drove investors away from commodity exchange traded products (ETPs) in January due to concerns about demand growth, but gold outflows are slowing as its safe haven status has been revived. Some US$1.7 billion was withdrawn from commodity ETPs
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      Lock icon CBA’s interim profit hits record A$4.27b
      451 15 It is second of Australia’s Big Four lenders to highlight shrinking bad debt provisions Reuters [SYDNEY] Commonwealth Bank of Australia yesterday highlighted shrinking bad debt provisions as a key factor in record interim profit, the second of Australia’s “Big Four” lenders to do so
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      Lock icon EU bid to ban prop trades ‘losing steam’
      726 16 SocGen chief thinks current executive won’t have time to see it through Reuters [PARIS] Moves by the European Commission to ban top EU banks from market bets with their own money will run out of momentum once this year’s health check on
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    • Article
      Lock icon Imerys to buy US minerals group Amcol for US$1.6b
      294 16 Reuters [PARIS] France’s Imerys has agreed to buy Illinois-based minerals and materials group Amcol International Corp for about US$1.6 billion including debt to strengthen its US business, it said yesterday. The acquisition, priced at US$41 per Amcol share and unanimously approved
      Reuters  -  294 words
    • Article
      Lock icon Japan’s auto unions seek rise in pay, bonus
      453 16 Call comes as car firms expect record profits on weak yen Bloomberg [TOKYO] Labour unions at all of Japan’s automakers are seeking an increase in base salaries and bonuses, as companies including Toyota Motor Corp and Honda Motor Co forecast record profits
      Bloomberg  -  453 words
    • Article, Illustration
      Lock icon Toyota in major Prius recall to fix software flaw
      696 18 1.9m hybrid cars to be recalled to repair bug that may cause overheating in parts Bloomberg [TOKYO] Toyota Motor Corp, the world’s largest automaker, will recall more than half of the Prius vehicles ever sold to fix a software glitch that
      Bloomberg; PHOTO: AFP  -  696 words
    • Article
      Lock icon SocGen returns to profit in Q4
      656 18 French bank plans dividend payout of 40% this year Reuters [PARIS] French bank Societe Generale yesterday said it would return more cash to shareholders in 2014, after a swing to a fourth-quar-ter profit capped a long-run-ning push to boost the strength of its balance
      Reuters  -  656 words
    • Article
      Lock icon Thai rubber exporters vow not to sell below cost
      435 18 Producers try to stop price slump as supply is expected to exceed demand for fourth year Bloomberg [BANGKOK] Rubber shippers from Thailand, the world’s largest producer, pledged to refrain from selling below production costs as suppliers in Asia take steps to
      Bloomberg  -  435 words
    • Article, Illustration
      Lock icon Switzerland can’t have it both ways on migration: EU’s Barroso
      459 18 Reuters [BRUSSELS] Switzerland stands to lose more than the European Union from a vote to restrict immigration because it cannot enjoy all the benefits of the world’s biggest market without reciprocal access, says European Commission President Jose Manuel Barroso. In
      Reuters; PHOTO: REUTERS  -  459 words
    • Article
      Lock icon Telecom reforms likely to help Mexico’s Axtel
      575 19 It will benefit when Slim’s company is named ‘dominant’ Bloomberg [MEXICO CITY] Mexico’s attempt to loosen billionaire Carlos Slim’s stranglehold on the nation’s telecommunications industry is turning rival Axtel SAB into the most lucrative bond investment in emerging markets. Mexico’s second-biggest phone operator
      Bloomberg  -  575 words
    • Article
      Lock icon ONO goes ahead with IPO plans despite Vodafone offer
      406 19 Bloomberg [MADRID] Grupo Corporativo ONO SA, the Spanish cable company, is moving ahead with a plan to pursue an initial public offering (IPO), brushing aside an approach by Vodafone Group plc for a possible acquisition. Directors did not discuss any takeover
      Bloomberg  -  406 words
    • Article, Illustration
      Lock icon IBM chief goes to Beijing to push sales, regain trust
      438 19 Rometti’s talks with China leaders come as business has been impacted by Snowden leaks Reu ters [BEIJING] A slide in IBM Corp’s sales in China amid a broad backlash against claims of US government spying has triggered a rare visit
      Reuters  -  438 words
    • Article
      Lock icon Confidence in US small firms edges up
      125 19 Xinhua [WASHINGTON] The US small business confidence improved slightly in January as more business owners planned to increase employment, a leading industry association said on Tuesday. The National Federation of Independent Business (NFIB) said that its Small-Business Optimism Index edged up 0.2 point
      Xinhua  -  125 words
    • Article, Illustration
      Lock icon Thailand’s unpaid farmers urge rice reserve sale
      673 20 Suspension of ricepledging scheme seen worsening fall in market prices Bloomberg [BANGKOK] Thai rice farmer Pakasit Jamjaras usually spends his days tilling soil, just like his forefathers. Now he’s been harvesting signatures instead of grain, with a petition to King Bhumibol Adulyadej because
      Bloomberg; PHOTO: AFP  -  673 words
    • Article
      Lock icon Industry output in eurozone stumbles in Dec
      492 20 But recovery still likely to be on track, say economists Reuters [BRUSSELS] Eurozone industrial output fell more than expected in December, data showed yesterday, but probably not by enough to have stopped economic growth from picking up slightly in the last three months
      Reuters  -  492 words
    • Article
      Lock icon Bitcoin hit by denial-of-service attacks
      496 20 Regulators to take closer look at use of virtual currencies Reuters Bloomberg [NEW YORK] Bitcoin is being hit by attacks from unknown computer hackers who are sending “mutated” lines of code into the program that runs the virtual currency, a spokeswoman from its main trade
      Reuters; Bloomberg  -  496 words
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      252 13 Experience love in the air with these exclusive MasterCard® fares ECONOMY CLASS ALL-IN FARES from ECONOMY CLASS ALL-IN FARES from Bangkok (Valid on all flights) *298 Chiang Mai *388 Chiang Rai *388 Vientiane *468 Yangon *468 Ho Chi Minh City *478 Hong Kong *518 Chennai *558 Beijing *658 Delhi *658
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      1429 14 WAR3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TPL THERMAL SERVICES PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****1188N NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the
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      32 14 WIN TICKETS TO CATCH MICHAEL LEARNS TO ROCK LIVE IN SINGAPORE! 22 February 2014 The MAX Pavilion Singapore Expo Tune in to Kiss92 now! UnUsUaL CROUP OF COMPANIES facebook.com/kiss92fm Jp @jkiss92fm www.kiss92.sg
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      54 14 FEBRUARY ISSUE OUT NOW! NEW TECHNOLOGIES FOR A NEW YEAR FEATURE NEXT ■at 38S IN THIS ISSUE ALL ABOUTTHE PLAYSTATION 4 •BEST OF CES 2014 EARPHONES TRIED AND TESTED! FREE! Receive a pair of Red Monster Ultra Slim 33 portable chargers worth S119.80 with a 1-year print subscription, while stocks
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      214 15 GROHE WATCH WIN! 20 SETS OF INNOVATIVE WATER SYSTEMS WORTH $30,000 TO BE WON. SCAN QR CODE TO PARTICIPATE IN CONTEST Contest closes on 2 March 2014 M asg I m GROHE Minta Touch Love at first touch One tap of the Minta Touch is all it takes to turn
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      1670 16 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices CHASWOOD RESOURCES HOLDINGS LTD. (Company Registration Number *****1894D) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of CHASWOOD RESOURCES HOLDINGS LTD. (the “Company”) will be held at 22 Cross
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      327 16 IN THE MAHER OF THE COMPANIES ACT, CAR 50 AND IN THE MAHER OF HKA PTE. LTD. (Involuntary Liquidation) (Company Registration No. *****2433C) NOTICE OF RESOLUTION At the Extraordinary General Meeting of the members of HKA PTE. LTD. duly convened and held on the 10th day of February 2014, the
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      490 17 mb r v Wv <«*>-. t Let STProperty bring Malaysia's most established property developers to youl 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. ■•A .V V. •Tv STProperty Seminar March 2014
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      21 18 FEBRUARY ISSUE OUT NOW! NOW AVAILABLE IN DIGITAL EDITION FOR TABLETS AND SMARTPHONES! 50%OFF1-YEAR DIGITAL SUBSCRIPTION DOWNLOADTORQUESINGAPORE FROM THESE PLATFORMS: WWW.TORQUE.COM.SG
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      65 18 Myanmar Supply Chain Management Conference 2014 4 6 March 2014 Traders Hotel, Yangon www.mscm.sphereconferences.com New Dates, New Pricing! Early bird discounts till 1st Dec 2013. Save up to USD 441 Looking for Supply Chain Management in Myanmar? Call Thi Thi at +65 6848 5371 or email at thithi@sphereconferences.com for more
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      163 19 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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      251 20 HOT PROPERTY r Pool SPA r f Lift MRTImmed Vm 660 Shut tle S(2 unik) s+f*/ M'mosa 2^f 5 us 5 t f--no. Bun™^ bd STYLE to Sembawanq n u> fj ns Ask$3.8K. 9 k 1st Mar HOUSES IN THE NORTH FOR RENT Check this and many other properties in
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  • SHIPPING/AVIATION
    • Article
      Lock icon Shipowners prepare for ban on Filipino officers
      621 21  -  Philippine training and certification system said to have failed EU audit By ALEC ALMAZAN in Manila INTERNATIONAL ship managers and shipowners are working on contingency measures in anticipation of a ban on Filipino officers by European Union-flagged vessels. These precautions are being applied
      621 words
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      Lock icon Boeing’s submarine destroyer makes its debut
      455 21 SINGAPORE AIRSHOW 2014 Reuters [SINGAPORE] The star attraction at Asia’s biggest arms and aerospace bazaar is an outwardly unassuming aircraft parked in a distant corner of the tarmac, past the sleek jet fighters and menacing attack helicopters. An operational P-8A Poseidon surveillance aircraft is
      Reuters; PHOTO: REUTERS  -  455 words
    • Article
      Lock icon Lufthansa Technik to raise Asia revenue
      350 21  -  By RAPHAEL LIM raphlim@sph.com.sg [SINGAPORE] Aviation service provider Lufthansa Technik expects the Asia-Pacific region to contribute more to the group’s revenue in the near future, said August Wilhelm Henningsen, chairman of the c o m p an y board. s execu ti ve board.
      350 words
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      Lock icon EU-Asean open skies deal in the works
      158 21  -  By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] The European Commission (EC) and Asean have proposed to start negotiating a comprehensive air transport agreement in a joint declaration adopted yesterday at the close of the EU-Asean Aviation Summit. At the summit, both regional groupings discussed the
      158 words
    • Article
      Lock icon Nordbank ready to sell shipping loan package
      431 21 Move follows failed 300m euro attempt late last year Bloomberg [HAMBURG] HSH Nordbank AG, the world’s largest financier of vessels, is preparing a portfolio of shipping loans for sale after a previous package worth about 300 million euros (S$516 million) failed to attract
      Bloomberg  -  431 words
    • Article
      Lock icon Satair opens new service centre in Seletar park
      241 21  -  By SHEENA TAN tsheena@sph.com.sg [SINGAPORE] Satair and Airbus yesterday opened a new service centre in Seletar Aerospace Park to provide spare parts support and distribution to Airbus aircraft and other operators in the Asia-Pacific and parts of China. The US$20 million Satair
      241 words
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      Lock icon Nok Air of Thailand to buy 15 Boeing 737s
      387 21  -  By RAPHAEL LIM raphlim@sph.com.sg [SINGAPORE] Thai low-cost carrier Nok Air will purchase 15 new Boeing 737s, worth US$1.45 billion in its first direct or- der with Boeing. Eight Boeing 737-800s and seven 737 MAX 8s will be part of the deal,
      PHOTO: YEN MENG JIIN  -  387 words
    • Article
      Lock icon TRANSPORT STOCKS
      246 21 SGX '000 Feb 12 S$ +/-Vol Ch Offshore 0.42 -0.01 198 Chuan Hup Hldg 0.26 0.01 79 Cosco Corp 0.72 unch 1544 Cwt Limited 1.28 unch 127 First Ship Lea Ch Offshore Grand Banks 0.22 unch 81 Jaya Hold Ltd 0.76 -0.02 906 K1Ventures 0.18 unch 1920 Keppel
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      292 21 CRYPTIC CROSSWORD Across 1 Signal I get at clue’s unscrambling (11) 9 Greed is a weakness, swallowing another case (7) 10 Witch finally admitted into dark craft (6) 12 Girl’s placed before sweetheart, causing argument (7) 13 Flog company in upswing (7) 14 Cupola is lead covering part of church
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  • EDITORIAL & OPINION
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      Lock icon A well-deserved hongbao for seniors
      519 22 EDITORIAL IN an economic climate where employers are constantly being cajoled to retain their retirement-age workers, older Singaporeans are having their day in the sun. The package of healthcare benefits for seniors turning 65 or older this year amounts to more than a token of
      519 words
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      Lock icon It’s time to lower the temperature in East Asia
      784 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 BUSINESS leaders, it seems, are increasingly worried about the continuing hostility between China and Japan. The New York Times reported that at
      784 words
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      Lock icon Need to send clear signal on R&D to businesses
      1155 22  -  Continued government support is important as S’pore moves towards becoming R&D hub By DANIEL HO MAEL GARNIER Daniel Ho is director of taxes and Mael Garner is manager, R&D tax services, at Deloitte Singapore. The views expressed are their own IT
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      Lock icon Why Obama isn’t getting his due
      990 23  -  It all comes down to the economics and politics of the recovery of the US economy LEON HADAR Washington Correspondent HERE is an intriguing economic-political paradox: the US stock market has been soaring to the stratosphere since President Barack Obama entered office in 2009;
      PHOTO: AFP  -  990 words
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      Lock icon Vietnam’s Communist Party moves with the times
      1046 23  -  By HARISH MEHTA The author, a former BT senior Indochina correspondent, is a historian who has taught at Canadian universities and has written books on Indochina ANEW and amended Constitution came into force in Vietnam at the start of the year, reaffirming the
      AFP FILE PHOTO  -  1,046 words
    • Article
      Lock icon IT is slowly but surely transforming India
      782 23  -  By YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT THE IT industry in India is once again picking up steam. The current financial year (2013-14) has been the best year since the financial meltdown of 2008, and next
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  • Article
    Lock icon Shipping Times
    1301 24 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) VESSEL VOY SIN NOU SUVA AKL BUS MOTHER VESSEL NOU SUVA AKL BUS MAJURO APIA PAGO PAPEETE N’LOFA VILA SANTO TARAWA SOUTH PACIFIC SERVICE W W W.
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  • Page 24 Advertisements
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      60 24 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
      3054 25 Transaction date: Feb 12 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 140.5 -1 47 141.5
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      Lock icon SGX CATALIST
      303 26 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
      11507 26 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 8101/ China Opportunities 1 2 6644/ FM local Ccy Bond .0 8724/
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      Lock icon GLOBALQUOTE
      262 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 34.4 AVJennings A56.5 +1 23 56.5 56 56.5 58 3.6 6.2 4.6 209.2 52 35.5 Genting HK US$ US40.5 unch 5124 40.5 40 40 40.5 2666.7
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      Lock icon SGX ETF
      891 26 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 122 119 114.4 94 CIMB APAC Div 100US$ US95 93 10 1510 1192 CIMBASEAN40 100S$D 1236 1251 1217 866
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      692 27 Feb 12 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.73 *****.79 *****.04 Mar14 *****.00 *****.00 *****.00 *****.00 ***** *****5 Jun14 *****.00 *****.00 *****.00 *****.00 76 3265 MSCI TAIWAN INDEX FUTURES SPOT 295.79 298.10 295.79 Feb14 294.50 298.20 293.90 298.10 ***** *****1 Mar14 294.00
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 11 Index Change Change Change Change Change Change World Preliminary 1164.2 0.8 -1.7 0.6 -1.4 0.9 -1.8 EAFE Preliminary 937.7 0.9 -1.9 0.9 -1.4 1.1 -1.7 Europe Preliminary 1356.3 1.2 0.1
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 27 Feb 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.995 5.491 0.664 7.024 56.270 109.460 0.928 9.624 3.008 1.084 95.353 40.609 1.146 9.926 0.813 27.469 29.482 0.551 0.906 Canada 1.005 5.518
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    • Article
      Lock icon SIBOR
      34 27 Feb 12 (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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      Lock icon GOVERNMENT SECURITIES
      86 27 Feb 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 1-Year BY*****T 31-Oct-14 0.32 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-19 105.61 105.79 105.58 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      135 27 Feb 12 GOLD(US$/oz) Feb 12 Feb 11 Hong Kong 1290.00 1288.00 Feb 11 Feb 10 London 1289.46 1274.50 1290.23 1275.45 Source: Thomson Reuters CAST BAR Feb 12 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 118 52 5gm 334 261 10gm 597 523
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    • Article
      Lock icon PALM OIL
      57 27 Feb 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 14 2610.0 2628.0 2620.0 2610.0 29 697 Mar 14 2616.0 2631.0 2632.0 2609.0 2263 ***** Apr 14 2617.0 2635.0 2636.0 2609.0 ***** ***** May 14 2609.0 2630.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Feb 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1450 1.1462 0.9056 0.9059 Canadian dollar 1.1505 1.1521 0.9105 0.9100 Euro 1.7232 1.7251 1.3630 1.3634 NZ dollar 1.0559 1.0575 0.8352 0.8358 Sterling pound 2.0785 2.0803 1.6440 1.6441
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    • Article
      Lock icon CHICAGO BOT
      109 27 Feb 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1334.75 1325.50 1337.50 1312.50 May 14 1320.50 1312.25 1323.00 1300.00 Jul 14 1301.75 1295.50 1304.00 1284.00 Aug 14 1254.00 1249.50 1255.75 1239.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
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    • Article
      Lock icon LIFFE
      94 27 Feb 11 COCOA (£/tonne) Close Prev High Low Mar 14 1861 1862 1863 1832 May 14 1854 1854 1856 1824 Jul 14 1847 1847 1849 1818 Sep 14 1838 1838 1839 1810 COFFEE(US$/tonne) Close Prev High Low Mar 14 1813 1796 1820 1802 May 14 1810 1788 1812 1794
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1194 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 40 0.0 5 -87 53 Asia-Pacific Strategic W*****6 0.2 1 123 224 190.00 3 Ratio Exer Ascendas Reit MB ECW*****3 2.9 0.2 240 1 Ascendas Reit MB eCW*****1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Feb 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.57 0.01 WTI (Near Mth) 99.90 -0.18 Dubai (1-Mth F) 105.05 -0.25 Tapis blend 116.19 -0.35 Minas 109.19 -0.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.56 -0.75 Jet Kerosene 123.33 0.07 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Feb 12 S$ Bid Offer 1-month 1.2643 1.2653 2-months 1.2642 1.2653 3-months 1.2642 1.2652 6-months 1.2639 1.2650 Source: OCBC
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      Lock icon LONDON METALS
      65 27 Feb-11 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1663.60 1658.75 3 months 1707.00 1701.00 Copper, Grade A(US$/tonne) Cash 7107.75 7136.00 3 months 7076.00 7095.00 Lead(US$/tonne) Cash 2091.75 2085.50 3 months 2112.00 2103.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.50 3 months *****.00
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Feb 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.170 1.115 Can dollar 1.172 1.127 Euro 1.768 1.684 Sterling pound 2.123 2.042 NZ dollar 1.078 1.037 US dollar 1.293 1.232 Local dollars to 100 units of foreign
      121 words
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      Lock icon INTERBANK RATES
      161 27 Feb 12 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.02 US$ 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
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      Lock icon 2014 a banner year for jumbo mortgages in US
      940 28 Interest rates now almost on a par with those for conventional loans Reuters [NEW YORK] The view of the Pacific Ocean from the San Joaquin Hills in Newport Coast, California is extraordinary. So, when Mohammad Taghavian started looking for a new
      Reuters  -  940 words
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      Lock icon Househunt
      407 28 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 27 WITH CONTRACT DATES BETWEEN JAN 1 AND JAN 7, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 04/01/2014 99 1507 2720 1805 One Shenton Apt 04/01/2014
      407 words
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      Lock icon Spain home sales hit by price mismatch
      738 28 Bids are 22% lower than asking prices in Madrid, study shows Bloomberg [MADRID] Offers to buy Spanish homes fell short of the asking prices by 23 per cent on average last year, damping expectations that the nation’s residential values have reached bottom, according
      Bloomberg; PHOTO: BLOOMBERG  -  738 words
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      Lock icon Portugal drawing property investors once more
      294 28 Bloomberg [LISBON] Property investors are returning to Portugal, bolstered by signs of an economic recovery and the approaching end of the country’s bailout programme, according to broker Cushman Wakefield Inc. Spending on commercial real estate tripled to 322 million euros (S$554 million) in 2013
      Bloomberg  -  294 words
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      Lock icon Chinese firm plans to build NZ’s tallest office building
      155 28 Xinhua [WELLINGTON] Chinese property company New Development Group (NDG) has announced plans to build New Zealand’s tallest office building in the heart of the country’s biggest city, Auckland. Mayor Len Brown yesterday revealed to The New Zealand Herald newspaper the plan
      Xinhua  -  155 words
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      Lock icon Big banks resist lure of new offices in NY
      1266 29 Many opting to renew leases after considering moves to new skyscrapers Bloomberg [NEW YORK] As Manhattan developers plan millions of square feet of office towers featuring the most modern amenities, some of their biggest potential tenants have decided they’re better off
      Bloomberg; PHOTO: BLOOMBERG  -  1,266 words
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      Lock icon Far East to start marketing Tuas factory complex soon
      571 30  -  It boosts presence in industrial sector with launch of The Index By KALPANA RASHIWALA kalpana@sph.com.sg PROPERTY giant Far East Organization is revving up its industrial property engine. It is expected to begin sales next week at a 30-year leasehold strata factory
      571 words
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      Lock icon Sun Hung Kai cuts prices for some Riva project units
      212 30 Bloomberg [HONG KONG] Sun Hung Kai Properties Ltd, Hong Kong’s second-largest developer by market value, has cut prices by 40 per cent on average for some apartments at its Riva project in the city’s northwestern Yuen Long district –a move
      Bloomberg  -  212 words
    • Article
      Lock icon Blackstone-backed La Quinta files for US IPO
      415 30 JPMorgan Chase, Morgan Stanley are managing the issue Bloomberg [NEW YORK] La Quinta Holdings Inc, the Blackstone Group LP-backed midpriced hotel chain, has filed to raise US$100 million in an initial public offering in the US. The figure is a placeholder used to
      Bloomberg  -  415 words
    • Article, Illustration
      Lock icon Rivertrees pricing set to top Riverbank’s
      706 31  -  Premium of $50-100 psf likely; project open for booking from Feb 22 By LYNETTE KHOO lynkhoo@sph.com.sg RIVERTREES Residences, a waterfront condominium project in Sengkang jointly developed by Frasers Centrepoint, Far East Orchard and Sekisui House, is expected to be launched at a premium of
      706 words
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      Lock icon India’s luxury hotels in a flux as growth slows
      698 31 Some players bet on future growth and expand as some quit Reuters [MUMBAI] Less than nine months after opening the first hotel in Mumbai under its brand, Hong Kong luxury chain operator Shangri-La Asia handed the keys back to the owner.
      Reuters  -  698 words
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      83 29 www.itshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE COMING SOON! 27th FEB 2nd MAR 2014 MARINA BAY SANDS SINGAPORE EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX, WORLD
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      184 29 FREEHOLD BUNGALOW AT JERVOIS RD D10 FOR SALE BY TENDER 1 2 storey bungalow 1 Prime Address 1 Land approx: ***** sq.ft/ 9000 sq.ft 1 Beautifully Renovated Elevated High Ground Wide Frontage Attractive Price Closing date: 5th March 2014 (Wed) at 4pm For enquiries, please contact: Bernard Wu (CEA Reg.
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      150 29 OPPORTUNITY FOR JOINT VENTURE (Other Proposals Welcome) PRIME CBD COMMERCIAL BUILDING REDEVELOPMENT SITE Expression Of Interest (EOI): Closing 18th March 2014,4pm (Tuesday) Si SN Pit. V* *9 m txo. Si y. s PR t mm s < 0 >31 s ss Him Ois Sjr\ s? ■V) I llsi h i
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      526 30 rat il ME m International Property Group Pte Ltd 8 Marina View, #07-04, Asia Square Tower 1. S.*****0 A Singapore Based Boutique Real Estate Broker Focusing On Commercial Real Estate In Centjal Region Of Singapore Regional Cities WISHING ALL OUR CLIENTS BUSINESS ASSOCIATES A HAPPY PROSPEROUS HORSEY NEW YEAR We
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      30 30 ST REGIS RESIDENCES FOR SALE IN D10 4Bdrm-3897Sqft PentHouse-6017Sqft Full Condo Facilities Near Tanglin Mall Please contact GgiOKIO PROPERTY SERVICES PTE LTD 3 9670 0285 Toru Takano 6737 5187 Weng
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      22 30 Grow Your Stock I Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices I WATS NOTICES CLA/FEB1 1/g
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      160 30 Sale by Expression of Interest (EOI) Rare Large Industrial Land in Tuas Excellent site with redevelopment potential Close to MRT, future sea port and Iskandar Malaysia Land approx. 1,850,000 sq ft Max allowable plot ratio 1.4 EOI Closing: 18 Feb 2014 (Tue), 2pm For more information on how to participate
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      56 30 CLUB STREET 2-storey shophouse with 2 shop fronts for sale Land Area: 1,272 sq ft est. Gross Floor Area: 2,316 sq ft est. 1st Floor Commercial 2nd floor Residential High visibility (10m frontage) Tenancy till 2015/2016 Walk to MRT Teresa Wong QCi o OQ1 c CEA Reg No.: R*****7Z I
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      1218 32 Advertorial Brought To You By GuocoLand Group Tanj ong P agar Centre This ambitious new vertical city will become the heartbeat of the Tanjong Pagar precinct; a vibrant nucleus of activity in the expanding Central Business District. Tanjong Pagar Centre will touch the sky at 290m becoming the tallest building
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