The Business Times, 18 February 2014

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, February 18, 2014
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  • Article, Illustration
    Lock icon 3.3% fall in Jan exports a blip: economists
    645 1  -  Sharper pull-back, on lacklustre electronics shipments, likely due to CNY factors By KELLY TAY kellytay@sph.com.sg [SINGAPORE] After surging a surprise 6 per cent in Dec e m b e r non-oil domestic exports S i n g a p o r e
    Source: IE Singapore  -  645 words
  • Article
    Lock icon Golf club membership prices in flux
    688 1  -  General upward movement expected, but SICC value to fall By ANDREA SOH By sandrea@sph.com.sg [SINGAPORE] Golf club membership prices were in flux yesterday, as the market reacted to the news on the fates of the various courses here. Among the four clubs most affected
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,069.28 (+30.57) GST INDEX FUTURES 3,069.00 (+32.00) GSIMSCI 350.44 (+3.48) GSIMSCI FUTURES 350.60 (+4.20) US$ S$ US$ (S$ per US$) 1.260 (US$/S$ per 1.678 2.114 EURO (US$/S$/€ 1.371 1.726 Foreign currency per US$ S$ YEN 101.90 80.90 RM 3.291 2.613 HK$ 7.755 6.157 BAHT 32.27 25.62 RUPIAH
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    • Article
      Lock icon MARKETS
      46 1 Monday Change KL COMP 1,827.48 +8.11 NIKKEI 225 14,393.11 +80.08 HANG SENG 22,535.94 +237.53 SET INDEX 1,332.37 +20.50 JAKARTA COMP 4,555.37 +47.32 MANILA COMP 6,167.82 +54.16 SEOUL COMP 1,946.36 +6.08 SHENZHEN B 856.33 +0.96 MUMBAI IND 20,464.06 +97.24 11am EST Change DOW Closed NASDAQ Closed
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA KOREA TAIWAN 5.036 JAPAN 1.475 KOREA INDIA BRITAIN Source: Bloomberg
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      109 1 S’PORE PROPERTY New launches to give developers a fillip PAGE 2 M’SIA PROPERTY Red flags raised in Johor property market PAGE 30 BEST LAW FIRMS Allen Gledhill takes top spot PAGE 4 OPINION Clearer taxation guide for S-Reits needed PAGE 22 SME Inc Tan Meng Wei, MD of childcare centre
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  • TOP STORIES
    • Article
      Lock icon New launches set to lift Feb-March home sales figures
      968 2  -  Developers hope post-CNY will see more movements of units than January By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] New property launches in the coming weeks are expected to give a fillip to developers’ private housing sales this month and next, following a lacklustre
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    • Article
      Lock icon SMEs getting extra govt help to thrive in tough times: PM
      584 2  -  By LYNETTE KHOO lynkhoo@sph.com.sg [SINGAPORE] The government is putting in extra effort to help small and medi-um-sized enterprises (SMEs) keep pace with change amid rising costs and rapidly shifting business conditions, and some of these companies are thriving, says
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    • Article
      Lock icon THREE-MINUTE DIGEST
      208 2 3.3% contraction in Jan exports a blip AFTER surging 6 per cent in Dec, Singapore’s exports declined 3.3 per cent in January. FRONT PAGE Golf club membership prices in flux GOLF club membership prices were in flux, as the market reacted to news on the various courses. FRONT
      208 words
    • Article
      Lock icon Visitor arrivals up 7.2% at new record of 15.5m
      680 2  -  But tourism spend drops to weakest showing since 2009 By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Singapore notched a record 15.5 million visitor arrivals last year, a 7.2 per cent rise from 2012 that outpaced the more subdued 1.6 per cent increase in
      680 words
    • Article
      Lock icon Chambers names A&G S’pore law firm of the year
      930 4  -  Big Four keep their perch in face of competition from foreign firms By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Despite the growing competition posed by international law firms here that was evident in the highly anticipated Chambers and Partners’ legal rankings out today,
      930 words
    • Article, Illustration
      Lock icon Former MFA official pleads guilty to overstating pineapple tart claims
      723 4  -  His lawyer explains extenuating circumstances of Lim’s actions By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Lim Cheng Hoe, the former public servant accused of inflating his pineapple tart claims, yesterday pleaded guilty to all the charges against him even as he explained
      PHOTO: WONG KWAI CHOW/THE STRAITS TIMES  -  723 words
    • Article
      Lock icon Farmers besiege Yingluck’s office; economy hurting
      401 4 Rice farmers push back riot police, demanding payment Reuters [BANGKOK] Thai protesters seeking to oust caretaker Prime Minister Yingluck Shinawatra surrounded government headquarters yesterday in response to police efforts to clear them from the streets, as farmers besieged her temporary office to demand payment
      Reuters  -  401 words
    • Article, Illustration
      Lock icon Japan’s below-par Q4 growth raises fears of a renewed slowdown
      829 4  -  BOJ might announce fresh monetary measures today By in ANTHONY ROWLEY in Tokyo JAPAN’S economic growth came in well below expectations in the final quarter of last year, going by data released yesterday. This has reinforced fears of a renewed
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      167 2 Lead with one of the top MBAs in the world. It’s possible. Our Annual Open House Returns! 22 March 2014 (Saturday) 11am to 5pm Top 100 MBAs in the world by Economist Intelligence Unit “Which MBA?” (2012) AMBA and EQUIS accredited UNITED KINGDOM CHINA MALAYSIA r The University of Nottingham
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      33 3 r HSBC<Z^ Women's Champions 27 February-2 March 2014 Sentosa Golf Club THE TOUGHEST WOMEN IN GOLF RETURN TO ONE OF ASIA'S TOUGHEST COURSES f www.hsbc.com.sg/womensgolf R with limited liability. Issued by The Hongko
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      99 5 ne 4 P 7 Decus /T m. *rt sa V *5 *S*S w MS Sr fife* a» SC^T m P*: ies: p -S3- 3TB B I B f! PPL Shipyard Congratulates oro negro on the naming of DECUS P2039 By Guest of Honour and Lady Sponsor Ms Elena Ochoa PPL
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Focus falls on banks’ trade finance, fund costs
      597 6  -  OCBC seen to be as aggressive as DBS in regional trade finance By JAMIE LEE leejamie@sph.com.sg GROWTH in China-related trade finance loans and concerns over funding costs were focal points for analysts looking at the three banks’ earnings which were released last
      Source: CIMB Research, DBS, OCBC, UOB, MAS  -  597 words
    • Article, Illustration
      Lock icon HKEx chief floats anew need for circuit breakers
      823 6  -  Charles Li points to evolving market conditions for relook By in SHU-CHING JEAN CHEN in Hong Kong CAN Hong Kong continue to do without circuit breakers for stock trading just because the city’s investors don’t want it? Maybe not for long. By
      PHOTO: BLOOMBERG  -  823 words
    • Article
      Lock icon Hiap Hoe buys fourth property in Australia
      295 9  -  It pays A$90m for A-grade commercial building in Perth By MINDY TAN tanmindy@sph.com.sg HIAP Hoe Limited has bagged its fourth acquisition in Australia an A-grade commercial building in Perth for A$90 million (S$102.3 million). With a net lettable area of 12,349 square metres
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    • COMPANY BRIEFS
      • Article
        Lock icon Third cord-blood bank gets licence
        53 9 CRYOVIVA Singapore, a joint-venture company between SGX-Catalist-listed AsiaMedic Ltd and Cryoviva International, has been licensed to run Singapore’s third private cord-blood bank. The company was set up last July. Cord-blood banking, one of the fastest growing segments in the healthcare industry, was valued at US$12.4
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      • Article
        Lock icon Delay in listing of Kaset Thai
        128 9 THE proposed listing of Kaset Thai Industry Sugar has been postponed to Aug 15. The company is owned by the family of diversified group King Wan Corp’s independent non-executive director Nathapun Siriviriyakul. King Wan, which is selling its 20 per cent stakes in Thai
        128 words
      • Article
        Lock icon Fire damages Mapletree property
        64 9 MAPLETREE Logistics Trust Management said a fire last Saturday damaged one of the trust’s China properties, Mapletree Xi’an Distribution Centre. No one was reported hurt, and investigations are underway. The property, which accounts for 0.4 per cent of Mapletree Logistics Trust’s portfolio investment property value and
        64 words
    • Article, Illustration
      Lock icon OSIM sued over its shares in TWG Tea
      306 9  -  The Wellness Group, its chairman claim minority oppression By RAPHAEL LIM raphlim@sph.com.sg LIFESTYLE products firm OSIM International has been served a writ of summons by The Wellness Group Pte Ltd and its chairman, Manoj Murjani, over its shares in TWG Tea yesterday.
      306 words
    • Article
      Lock icon Blumont to invest A$1.95m in diamond miner
      259 9  -  By JACQUELYN CHEOK jaccheok@sph.com.sg BLUMONT Group will be investing about A$1.95 million (S$2.2 million) in an Australia-listed diamond miner, its first foray into the precious stones sector. Yesterday, the products sterilisation company turned mining holding company said it will subscribe for 26 million
      259 words
    • Article, Illustration
      Lock icon Risk of too quick a global rebound
      708 11  -  Rate hikes will then take place earlier and all assets will be hit: HSBC manager By CAI HAOXIANG haoxiang@sph.com.sg WHILE the global economy appears to be recovering, one tail risk that HSBC multi-asset fund manager Denis Gould is concerned with is what happens
      708 words
    • Article
      Lock icon Hedge funds raise bullish gold bets; analysts see rally faltering
      953 11 Bloomberg [NEW YORK] Hedge funds raised bullish gold wagers to a three-month high as signs of slowing US economic growth spurred demand for haven assets. Billionaire John Paulson maintained his bullion holdings last quarter. The net-long position climbed 17 per
      Bloomberg  -  953 words
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      30 6 Knowledge that takes business places. anz.com/global ©Australia and New Zealand Banking Group Limited (ANZ) ABN 1 1 005 357 522. ANZ’s colour blue is a trade mark of ANZ. ANI0048/BT/M
      30 words
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      70 7 4 PATEK PHILIPPE GENEVE Begin your own tradition. A m A A m r f ,2 W > r&z VTis Ik V K V ft 1 V y ',#r M Vi I I V HV V V m v u I SI f i \T rf r n\ r -l
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI leaps 1.1%, thanks to firm Wall St
      680 8  -  Index makes seventh gain in eight sessions, but market turnover is feeble at $1.09 billion STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index (STI) yesterday responded positively to Wall Street’s Friday rise by adding 30.57 points or 1.1 per cent
      Source: Bloomberg  -  680 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Feb 17 VALUE CLOSE BT OB/OS 31.00 +274.00 BT CADI -*****.00 +150.00 BT 10-day MA -*****.00 +3.00 FTSE ST Mid Cap 707.23 +3.90 FTSE ST Small Cap 529.43 +3.73 FTSE ST All Share 746.43 +6.72 FTSE ST China Top 196.10 +0.52 FTSE ST China 222.29 +0.86 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Albedo 310,634,000 HanKore 307,673,000 Ocean Sky 234,830,000 Charisma Energy 95,351,000 Otto Marine 80,232,000 Armarda 69,152,000 Vallianz Hldgs 62,219,000 Transcu Grp 52,204,000 Golden Agri 48,859,000 KLW Hldgs 48,736,000 VALUE($) UOB 80,629,560 DBS Grp 66,651,700 SingTel 56,187,519 GLP 47,763,475 Ocean Sky 40,021,399 HanKore 36,845,842 Golden Agri 26,040,691 Wilmar
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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 9 1 3 0 0 0 9 1 3 Manufacturing 67 33 36 12 6 7 79 39 43 Commerce 32 15 16 9 2 2 41 17 18 Tpt/Stor/Comms 18 14 7
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon United Overseas Bank
        287 8 Feb 17 close: S$20.41 DBS Group Research, Feb 17 UNITED Overseas Bank’s (UOB) net interest margin (NIM) inched up the most against peers (+3 basis points q-o-q), mainly from improved asset yields. Non-interest income traction came largely from loan-related fees and credit cards. Expenses were higher due
        287 words
      • Article
        Lock icon HanKore Environment
        332 8 Feb 17 close: S$0.121 DMG Partners Research, Feb 17 H1 PROFIT after tax and minority interests (Patmi) surged 62.5 per cent y-o-y to 59.8 million yuan (S$12.4 million) on strong operational performance. This was compared to H1 FY2013’s 36.8 million yuan. The H1 FY2014 result also formed 38.7
        332 words
      • Article
        Lock icon Global Logistic Properties
        355 8  -  Compiled by CAI HAOXIANG Feb 17 close: S$2.83 Phillip Securities Research, Feb 17 CHINA GDP grew by 7.7 per cent in 2013, with a projected forecast of 7.5 per cent GDP growth in 2014. Despite the forecast slowing GDP growth, we are still positive on the resilient
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,476 25,476 43,608 43,608 Manufacturing 576,643 107,110 683,753 170,622 3,553 174,175 Commerce 122,431 487,152 609,583 86,558 36,227 122,785 Tpt/Stor/Comms 94,594 2,941 97,535 131,798 260 132,058 Finance 28,844 45 28,889 184,440 13 184,452 Construction 39,518 144,364
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      116 8 Stock name Close Change CapMallsAsia 1.805 +0.010 CapitaLand 2.940 +0.060 CapitaMall 1.810 -0.005 CityDev 9.390 +0.240 ComfortDelGro 1.965 +0.025 DBS Grp 16.59 +0.110 GLP 2.830 +0.030 Genting SP 1.410 +0.020 Golden Agri 0.535 +0.015 HK Land 6.130 +0.050 HPH Trust US$ 0.640 -0.030 JMH 54.75 +0.690
      116 words
    • Article, Illustration
      Lock icon US dollar index hits year-to-date low
      496 8 CURRENCIES Reu ters [LONDON] The US dollar slipped to its lowest level since the turn of the year against a basket of major currencies yesterday, as soft US economic data stood in contrast to better figures out of the eurozone and China. The dollar
      Reuters; PHOTO: BLOOMBERG  -  496 words
    • Article
      Lock icon RISES
      110 8 BY CENTS CLOSE UP DBXT MSEurope 10US$ 6067 477.4 6.7 DBXT E50 10US$ 5220 311.1 5.0 Jardine C&C 3740 275.0 7.9 GLD 10US$ ***** 192.7 1.2 JMH 5475 86.9 1.3 DBS Bk 4.7% NCPS 100 ***** 71.0 0.7 DBXT MSINDO 10us$ 1288 63.0 4.0 UOB.ES.1402 2054 54.0 2.7 UOB
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    • Article
      Lock icon FALLS
      126 8 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 2777 -40.3 -1.1 DBXT S&P Short 10US$ 2588 -25.2 -0.8 DBXT MSTHAI 10US$ 1803 -12.6 -0.6 Neo Group 90 -8.0 -8.2 SembCorp Ind 537 -7.0 -1.3 UOB MB ePW*****1 20.5 -4.5 -18.0 HPH Trust S$D 81 -4.0 -4.7 UOB MB ePW*****2 11.1
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      247 9 Dream your way something big After a perfect night’s rest in lie-flat comfort, you’ll find a range of inspirations in our Business Class. Laugh through the latest comedies or savour gourmet cuisine; your biggest concern may only be bedhead. Welcome to the business of living. emirates.com/sg r i l I
      247 words
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      328 10 SID SINGAPORE INSTITUTE OF DIRECTORS Professional Development for Directors 2014 L w Singapore Institute of Directors (SID), the national association of company directors, seeks to continually raise professional standards and directors’ effectiveness through the acquisition of up-to-date knowledge and skills. Our broad-based curriculum caters to the whole spectrum of developmental
      328 words
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      136 11 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 NEWS
    • Article
      Lock icon Singapore leads in S-E Asia defence spending: report
      649 12  -  Its local defence industry also stands to gain from rise in expenditure By MALMINDERJIT SINGH msingh@sph.com.sg SINGAPORE has been leading South-east Asia’s significant increase in defence spending in recent years, and this is expected to grow in the medium term, as countries
      649 words
    • Article, Illustration
      Lock icon Charity donations don’t address root causes: study
      491 12  -  By raphlim@sph.com.sg RAPHAEL LIM raphlim@sph.com.sg CHARITABLE donations here have more than doubled in the last six years, but giving patterns often lack long-term strategic focus and do not adequately address root causes, says a new study. It said “strategic philanthropy”, with specific goals
      FILE PHOTO  -  491 words
    • Article
      Lock icon Parents not planning enough savings for kids’ studies: OCBC
      346 12  -  By JAIRA KOH jairakoh@sph.com.sg MORE than half of Singaporean parents are behind, or have not started, on their savings plan for their children’s education, according to OCBC Bank’s Survey of Family Financial Awareness. It also finds that even the targeted amounts
      346 words
    • Article, Illustration
      Lock icon Licensing of cleaning services Bill passed
      607 12  -  STB Bill to deal with unlicensed tour guides also passed YESTERDAY IN PARLIAMENT By CHUANG PECK MING peckming@sph.com.sg PARLIAMENT yesterday passed two Bills: One will boost the Singapore Tourism Board’s power to deal with unlicensed tour guides and the other will require cleaning services
      FILE PHOTO  -  607 words
    • Article
      Lock icon Transparency International report flawed: Ng Eng Hen
      290 12  -  By GRACE LEONG gleong@sph.com.sg TRANSPARENCY International’s (TI) defence corruption risk report, which gave Singapore a poor rating on its defence equipment procurement practices, is based on false assertions, Defence Minister Ng Eng Hen said in Parliament yesterday. “We examined TI’s assessment and found
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    • PARLIAMENT BRIEFS
      • Article
        Lock icon Heftier fines for train disruptions
        117 12 RAIL operators here are in for heftier fines for train disruptions, with the maximum penalty now raised to 10 per cent of the rail line’s annual fare revenue. The financial penalty could thus be a lot higher than the current maximum of $1 million for
        117 words
      • Article
        Lock icon Ensuring that firms resolve safety lapses
        123 12 A COMPANY issued a “Stop Work” order following safety lapses will henceforth have to do more to get it lifted. To ensure that companies resolve safety lapses, they will have to, for instance, run refresher training on the key areas of weaknesses and undergo
        123 words
      • Article
        Lock icon Checkpoint officers to be disciplined
        149 12 THE security breach at the Woodlands Checkpoint last month by a Malaysian woman driver was “unacceptable” and a “serious error of judgment” on the part of the ground officers, Deputy Prime Minister Teo Chee Hean said yesterday. He told Parliament that the officers involved will
        149 words
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  • SME Inc
    • Article, Illustration
      Lock icon Learning to deal with the problems
      1088 13  -  Star Learners’ MD givesJASLENE PANGthe lowdown on his business philosophy basically, you are very much on your own JASLENE PANG WHILE many small and medi-um-sized enterprises (SMEs) continue to express concerns over rent and shortage of talent, Star Learners’ managing director, Tan Meng ei,
      PHOTO: ARTHUR LEE  -  1,088 words
    • Article
      Lock icon Survival of the fittest amid technological upheaval
      993 13  -  COMMENTARY By NITIN PANGARKAR The writer is associate professor of strategy and policy at NUS Business School. This article was published on the school’s Think Business portal (thinkbusiness.nus.edu). HISTORY is replete with examples of animal species such as the dinosaurs that were made
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      137 13 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME Inc pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      137 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Scomi Energy block sale: other buyers besides Quek
      830 14 Single largest buyer is Paul Poh, a former employee of Hong Leong group: report [PETALING JAYA] The buyers of the 268.79 million Scomi Energy Services Bhd shares that crossed ownership last Friday included parties other than Quek Leng Chan, with the single
      830 words
    • Article
      Lock icon Kelud eruption causes financial losses for firms
      413 14 [JAKARTA] Reeling from last Thursday’s eruption of Mount Kelud on Java island, some industry leaders have warned that their operations could face financial losses. “Operations at Surabaya, Solo, Yogyakarta and Semarang airports completely stopped, so of course there are losses that we have
      413 words
    • Article
      Lock icon KL’s private equity firm set to be more active this year
      392 14 Ekuinas CEO expects to make first investment by April or May [KUALA LUMPUR] Ekuiti Nasional Bhd (Ekuinas), armed with a RM2.4 billion (S$917.9 million) war chest, plans to play a bigger role this year compared to last year. Although
      392 words
    • Article
      Lock icon Bentonite firms latest to be hit by export ban
      753 15  -  Affected companies having rethink over future investments in Indonesia By JEFFREY HUTTON in Jakarta AT a routine meeting towards the end of January to discuss his firm’s integration with its new parent company, Dieter Seng received some news that threatened to
      753 words
    • Article, Illustration
      Lock icon Mind-boggling that Australia spied on govt trade talks: Jakarta
      483 15 Reuters [JAKARTA] Indonesia described reports that Australia had listened in on government trade discussions with lawyers as mind-bog-gling, saying that to contend they had anything to do with security was going too far. Often prickly relations have hit a new low
      Reuters; PHOTO: REUTERS  -  483 words
    • Article
      Lock icon Mitsui plans to raise investments in M’sia
      279 15 [KUALA LUMPUR] Japan’s Mitsui Co Ltd, which has stakes in Perodua and Integrated Healthcare Holdings (IHH) Bhd, aims to increase its investments in Malaysia. The group is eyeing new businesses and is bullish on prospects here, Shuichi Yoshida, Mitsui Co (Asia Pacific) Pte
      279 words
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      424 14 Microsoft will be ending its support for Windows XP on Apr 8. Hence, all computers running on this operating system after this date will encounter interface and operating encumbrances as well as be exposed to security threats. An unwelcome handicap especially if you are in business. To avoid unnecessary downtime,
      424 words
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      Lock icon Page 14 Advertisements Column 2
      71 14 Looking to showcase and sell your Food Products, Cooking Solutions, Kitchen Appliances Accessories? NOW! *****620 or Email: sales@exhibitsinc.com.sg Organised By: Our Food Shows: (Organiser of IT Show, Food Beverage Fair, COMEX, World Food Fair, Consumer Electronics Exhibition and Food Kitchen Show) BLOCK 8, LORONG BAKAR BATU #07-07, S (*****3) TEL:
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      90 14 Real Estate Show Myanmar 2014 Urban Development Conference 2014 25 28 May 2014 Traders Hotel Yangon, Myanmar EVENT HIGHLIGHTS 3 days of cutting-edge content Firsthand insights into Myanmar’s urban development plans Investment and partnership opportunities Co-located with Myanmar Development Conference 2014 and Real Estate Show Myanmar 2014 40+ urban and
      90 words
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      76 15 Voo Choon Ling Group Financial Controller Woodlands Transport Service Pte Ltd Grooming future leaders to be “China-ready”, “China-savvy” Jube Zhong Deputy General Manager (Strategy Planning Leasing) Yanlord Land (Chengdu) Co., Ltd and “Connected” Wu Xiuyi Senior Vice President Straco Corporation Limited Benjamin Ow Assistant to Executive Chairman Annaik Limited Future
      76 words
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      392 15 MOORE STEPHENS LLP CHARTERED ACCOUNTANTS OF SINGAPORE Moore Stephens Singapore Budget 2014 Seminar The Singapore FY2014 Budget Statement will be delivered by the Deputy Prime Minister and Minister for Finance, Mr. Tharman Shanmugaratnam on 21 February 2014. What are the major highlights of the Budget 2014 and how will the
      392 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Real economy in China points to slowdown
      1050 16 Power consumption growth slows, prices of building materials slump Reuters [BEIJING] The big debate about how fast China’s economy will grow this year can find some answers in the real world, where signs suggest the growth giant is slowly but surely losing its
      Reuters; PHOTO: REUTERS  -  1,050 words
    • Article
      Lock icon Bond investors waking up to new reality
      927 16 Risk premiums vary as state bailouts are no more assured Reuters [HONG KONG] Having traded for years almost oblivious to the notion of risk, China’s bond market has begun exhibiting characteristics of a genuine credit culture, with onshore investors demanding higher premiums for
      Reuters  -  927 words
    • Article, Illustration
      Lock icon India govt pledges to reduce deficit to lowest in 7 years
      594 16 Bloom berg [NEW DELHI] India’s government pledged to reduce the fiscal gap to the lowest in seven years in an interim budget before elections due by May, while boosting defence spending and temporarily reducing taxes on goods from cars
      Bloomberg; PHOTO: REUTERS  -  594 words
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      1 16 Hospitality&TourismConference2014
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      54 16 TV Ew;cw youw* MWs ACADEMY 2014 Participate in the NO. 1 CHILDREN'S EDUCATION SHOW! Suntec Singapore 6-8 June 2014 111 am 9pm BOOK NOW! Limited Booths available! m -r For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foe 9008 9391 jefffoo@sph.com.sg www.thekidzacademy.com.sg Organised by: sphere
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  • WORLD
    • Article
      Lock icon Market-tracker funds on course for growth despite wobble
      773 17 PwC sees ‘passive’ funds doubling their share of US$100t industry by 2020 Reuters [LONDON] Sharp withdrawals from equity, currency and commodity tracking funds as emerging markets sold off in early 2014 looks no more than a bump in the road for such
      Reuters  -  773 words
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      Lock icon Currency traders give Carney the thumbs up
      919 17 Bloomberg [LONDON] Bank of England governor Mark Carney is proving adept at winning the confidence of currency traders. Since he took over as the UK’s top central banker in July, the pound has appreciated more than 8 per cent against a basket of
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    • Article
      Lock icon UBS Securities to buy controlling stake in China futures broker
      278 17 Reuters [HONG KONG] UBS AG says its Chinese securities unit has agreed to buy a majority stake in a Chinese futures broker, hoping to profit from an increase in trading of the financial products as China seeks to encourage their
      Reuters  -  278 words
    • Article
      Lock icon Call to revamp Japan’s govt pension fund
      613 17 Bloomberg [TOKYO] The world’s biggest retirement fund should put half its US$1.2 trillion of assets in stocks and increase its yearly return goal to 5 per cent, said the head of a panel that advised lawmakers on overhauling public pensions. Japan’s Government Pension
      Bloomberg  -  613 words
    • Article
      Lock icon Swiss vote on immigration curbs exposes fault lines
      841 18 Villagers see risk to postcard life; many are unhappy with overpopulation Bloomberg [ZURICH] Switzerland’s surprise vote to introduce immigration curbs has soured relations with the European Union (EU) and prompted companies including Nestle SA to warn of a potential effect on their
      Bloomberg  -  841 words
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      Lock icon Economists split over ECB policy moves
      660 18 While inflation stays low, GDP growth is faster than expected Bloomberg [LONDON] Mario Draghi’s signal that he may act to counter low inflation as soon as next month is dividing economists as the euro area recovery shows signs of firming. Nineteen out of 38
      Bloomberg; PHOTO: AFP  -  660 words
    • Article
      Lock icon Lloyds seeks ‘lower’ ringfence for investment banking
      273 18 Reuters [LONDON] Lloyds Banking Group Plc is in talks with Britain’s Prudential Regulation Authority over “ringfencing” rules in an attempt to save its investment banking functions, the Financial Times (FT) reported on Sunday. The state-backed group is concerned that the cost of operations
      Reuters  -  273 words
    • Article, Illustration
      Lock icon BOJ may dispense with 2015 monetary-base forecast: sources
      679 18 This will give policy makers flexibility when assessing risks Bloom berg [TOKYO] The Bank of Japan is considering refraining from issuing a mone-tary-base forecast for 2015 to avoid signalling a commitment to its unprecedented easing for a specific time period, according to
      Bloomberg  -  679 words
    • Article
      Lock icon EM slowdown adds to deflation concerns
      941 19 Global impact of weaker growth in emerging markets will be the focus of G-20 meeting this week Bloomberg [LONDON] Janet Yellen and Mario Draghi have a new reason to consider what International Monetary Fund chief Christine Lagarde calls the “ogre” of deflation: eroding confidence
      Bloomberg  -  941 words
    • Article, Illustration
      Lock icon The art of buying art – for the money
      1084 19 The art of buying art for the money ‘Flippers’ have joined the traditional collectors at auctions NYT [NEW YORK] A record £413 million (S$873 million) of Impressionist and modern art was sold at Sotheby’s and Christie’s in one week. Nearly £200,000 went a week later. for a canvas painted by
      NYT; PHOTO: REUTERS; PHOTO: AFP  -  1,084 words
    • Article
      Lock icon US workers holding multiple jobs to bridge income gap
      767 19 4.9% of working adults have more than one position Bloomberg [WASHINGTON] Americans are holding multiple jobs to earn extra income in a still-erratic labour market, supplement wages that are essentially flat or seek to get paid for time they spend on
      Bloomberg  -  767 words
    • Article
      Lock icon Power blackouts will spread without major investment: study
      283 19 Xinhua [WELLINGTON] Power blackouts around the world are set to become the norm as growing demand for electricity and a lack of adequate investment catch up with ageing infrastructure, say academics in New Zealand and the United Kingdom. The Western world must
      Xinhua  -  283 words
    • Article
      Lock icon Stock players warn of investor smugness
      813 20 They say that this is no longer a market that will lift all boats indiscriminately Reuters [NEW YORK] A rapid recovery in US stock prices after the recent slide may be enough to make many investors who remained bullish feel a little smug. That
      Reuters  -  813 words
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      Lock icon 12 Years a Slave takes best film at Bafta awards
      529 20 AFP [LONDON] 12 Years a Slave, the distressing tale of a man sold into slavery, was the big winner at the British Academy of Film and Television Arts awards, giving the Steve McQueen-directed picture a huge pre-Oscars boost. The film,
      AFP; Photos: REUTERS  -  529 words
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      Lock icon Renzi, youngest Italian PM, vows to address jobs first
      462 20 AFP [ROME] Italy’s Matteo Renzi was yesterday nominated to be the European Union’s youngest prime minister and immediately outlined an ambitious reform plan, promising “energy, enthusiasm and commitment” to revitalise the eurozone’s third largest economy. The 39-year-old mayor of Florence said
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    • Article
      Lock icon Investors cheer European firms’ dividend payouts
      670 20 Reuters [LONDON] Halfway through Europe’s company earnings season, investors who made record bets in search of dividends have cause for celebration, though they should prepare for disappointment from some traditionally high-pay-ing sectors. Global miner Rio Tinto raised its dividend by 15 per cent last
      Reuters  -  670 words
    • Article
      Lock icon UK charges three ex-Barclays employees with rigging Libor
      395 20 This brings number of people accused in global probes to over a dozen Bloomberg [LONDON] Three former Barclays plc employees were charged by UK prosecutors with conspiring to manipulate Libor, bringing the number of people accused in global probes to more than
      Bloomberg  -  395 words
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      732 17 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices In the Matter of The Companies Act, Cap. 50 And In the Matter of CLOUD 9 LIFESTYLE PTE. LTD. (In Creditors’ Voluntary Liquidation) (Co. Reg. No. *****3077M) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the
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      0 17 %-""</'\,%?*),^&=!=|?^(\<])'$^_
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  • Page 18 Advertisements
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      31 18 HOW ARE YOU LIVING THE NEW YEAR? DO ONE RANDOM ACT OF KINDNESS DAILY LOVE MORE TRY SOMETHING NEW EVERYDAY SPEND MORE TIME WITH MUM BE A BETTER LISTENER KISS MORE
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      45 18 R 0 P E R T Y w p^yzTrr AS-'HAt l, 8 4 sf 2 2 «s shifttle Mi A '~SHOP SPAUt IN MACPHEPSON FOR SALE Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT-SELL IT-FIND IT
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  • SHIPPING/AVIATION
    • Article
      Lock icon Food importers shift to containers
      702 21 Small but growing Asian businesses are moving away from dry bulk cargo ships Reuters [LONDON] Food importers in Asia are switching from dry bulk cargo ships to container vessels, which normally carry goods such as toys and TVs, as they offer a way to import
      Reuters  -  702 words
    • Article, Illustration
      Lock icon Norwegian airline posts Q4 loss on heavy investments
      562 21 NYT [NEW YORK] Norwegian Air Shuttle, the Scandinavian budget carrier, reported a loss for the fourth quarter and sharply lower profits for 2013 as a whole. The declines were the result of heavy investments in new long-distance aircraft and other expenses linked
      NYT; PHOTO: BLOOMBERG  -  562 words
    • Article
      Lock icon Co-pilot of hijacked Ethiopian jet surrenders
      360 21 Reuters [GENEVA] The co-pilot of a hijacked Ethiopian Airlines flight surrendered to Swiss authorities in Geneva yesterday after commandeering his aircraft to seek asylum in Switzerland, police said. The plane’s second-in-command, who was not carrying a weapon, took control of the plane when the
      Reuters  -  360 words
    • Article
      Lock icon TRANSPORT STOCKS
      244 21 SGX '000 Feb 17 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.26 unch 263 s$ Cwt Limited...............1.30 0.02 530 Vol First Ship Lea Chuan Hup Hldq.... Grand Banks 0.22 0.01 31 Jaya Hold Ltd Ezra Hldgs K1Ventures 0.18 unch 543 Keppel Corp 10.50 0.07 2224 Mercator Lines
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    • Article
      Lock icon LaGuardia pitched securitisation plan for overhaul
      440 21 IFR [NEW YORK] At least two European banks have floated the idea of applying a UK-style whole-business securitisation (WBS) approach to finance the US$3.6 billion overhaul of the United States’ LaGuardia Airport, according to sources with knowledge of the proposals. The overhaul project is
      IFR  -  440 words
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      174 21 I#$#l A TECHNOLOGICAL UNIVERSITY Nanyang Business School Learn from industry-leading business faculty with Nanyang Executive Education. Success is within reach with a Nanyang Advanced Management Programme (AMP). of intensive industry-specific courses with top institutions in Europe and the US that address the needs of Asian businesses in today’s dynamic world.
      174 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      306 21 CRYPTIC CROSSWORD Across 1 Wood by motorway provides food for animals (4) 3 Fern, perhaps, up the salon for new styling (5,5) 9 Cattle without water (4) 10 One employed to protect rhinos, say, prepared study about conflict (4,6) 11 Entertainer to steal article during part of play (7) 13
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  • EDITORIAL & OPINION
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      Lock icon Australia should rein in business subsidies
      503 22 EDITORIAL AUSTRALIAN Prime Minister Tony Abbott started out determined to stick to his credo as an economic rationalist. He was nonchalant on hearing about the death knell for the nation’s car manufacturing industry. After commiserating with the affected workers, he limited himself to expressing
      503 words
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      Lock icon The lights go out on the ‘dismal science’
      782 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THESE are hard times for economists. Their reputations are tarnished; their favourite doctrines are damaged. Among their most prominent thinkers, there is no consensus as to how or whether governments in advanced
      The Washington Post Writers Group  -  782 words
    • Article, Illustration
      Lock icon Clearer taxation guide for S-Reits needed
      1206 22  -  Uncertainty over foreign income exemption, income support among areas to tackle By LEONARD ONG AGNES LO The writers are, respectively, tax partner and senior tax manager at KPMG in Singapore. The views expressed are their own SINCE its inception in 2002, the Reit market
      ST FILE PHOTO  -  1,206 words
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      Lock icon Don’t bank on warm US bipartisan ties just yet
      922 23  -  Hike in debt limit without a bruising fight doesn’t mean Republicans are free from Tea Party’s grip LEON HADAR Washington Correspondent IT was much colder in Washington than in Sochi, the site of the Winter Olympics, last week as the White
      PHOTO: AFP  -  922 words
    • Article, Illustration
      Lock icon Solution to India’s housing shortage – print new ones!
      779 23  - Solution to India’s housing shortage print new ones! By FRANK-JURGAN RICHTER The writer is founder and chairman ofHorasis, a global visions community I HAVE a solution to India’s housing shortage print new ones! The reader might think I am writing of a new accounting trick a variant of Quantitative Easing
      PHOTO: REUTERS  -  779 words
    • Article
      Lock icon Professors, we need you!
      802 23  -  By NICHOLAS KRISTOF NYT SOME of the smartest thinkers on problems at home and around the world are university professors, but most of them just don’t matter in today’s great debates. The most stinging dismissal of a point is to say: “That’s academic”. In other words,
      NYT  -  802 words
    • Article
      Lock icon Ocean Sky query alerted investors to be cautious: SGX
      281 23 LETTER TO THE EDITOR I REFER to the commentary titled “Ocean Sky crash: a lesson for SGX” by R Sivanithy (BT, Feb 14). We regret that the first public query issued on Wednesday, Feb 12, to Ocean Sky misstated the direction
      281 words
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  • Page 24 Advertisements
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      1344 24 The Business Times Shipping times 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 VESSEL VOY SIN NOU SUVA AKL BUS MOTHER
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3152 25 Transaction date: Feb 17 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 Last 20 3.3 A-Sonic Vol Day Last Quote Div Gr Yld Net M Cap 188 106 AIMSAMPIReit.............................138cri -3.5 2885 139.5
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      Lock icon SGX CATALIST
      308 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 2.4 0.9 t Advanced System 1 unch 1499 1 0.9 0.9 1 17.6 Div Gr Yld Net
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    • Article
      Lock icon UNIT TRUST & FUNDS
      11383 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 Global Emerging Markets!** Asian Smaller Cos'** 1 8288/ China Opportunities'" 2 6764/ Local Ccy Bond 0.8/34/ European
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    • Article
      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 $mil 61 34.4 AVJennings A57.5 +0.5 38 57.5 57.5 57.5 58 3.6 6.1 4.7 212.9 52 35.5 Genting HK US$ US42.5 +0.5 4706 42.5 41 42 42.5 2798.4
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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 122 123.5 124 114.4 94 CIMB APAC Div 100US$ US95 97.5 98 10 1510 1192 CIMBASEAN40 100S$D 1236 1260
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      680 27 Feb 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.73 *****.95 *****.60 Mar14 *****.00 *****.00 *****.00 *****.00 *****1 *****8 Jun14 *****.00 *****.00 *****.00 *****.00 337 4167 MSCI TAIWAN INDEX FUTURES SPOT 300.08 301.14 299.47 Feb14 300.10 302.20 299.50 300.10 ***** *****5 Mar14 300.00
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 14 Index Change Change Change Change Change Change World Preliminary 1173.6 0.2 -0.9 -0.2 -0.9 0.3 -0.8 EAFE Preliminary 940.2 0.1 -1.7 -0.1 -1.2 0.4 -1.0 Europe Preliminary 1365.3 0.4 0.8
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 27 Feb 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.991 5.476 0.659 7.004 55.967 105.765 0.920 9.578 2.972 1.080 94.723 40.125 1.138 9.813 0.805 27.326 29.142 0.538 0.903 Canada 1.009 5.525
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    • Article
      Lock icon SIBOR
      34 27 Feb 17 (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
      80 27 Feb 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.3 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-16 101.59 5-Year NX*****W 2.5 01-Jun-19 105.63 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon PRECIOUS METALS
      135 27 Feb 17 GOLD(US$/oz) Feb 17 Feb 14 Hong Kong 1329.00 1312.00 Feb 14 Feb 13 London 1316.30 1297.10 1317.05 1297.75 Source: Thomson Reuters CAST BAR Feb 17 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121 54 5gm 342 268 10gm 611 535
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    • Article
      Lock icon PALM OIL
      57 27 Feb 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2661.0 2661.0 2684.0 2645.0 631 8349 Apr 14 2664.0 2665.0 2687.0 2648.0 8059 ***** May 14 2663.0 2663.0 2684.0 2646.0 ***** ***** Jun 14 2654.0 2655.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Feb 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1373 1.1379 0.9030 0.9034 Canadian dollar 1.1475 1.1481 0.9115 0.9111 Euro 1.7260 1.7264 1.3704 1.3706 NZ dollar 1.0526 1.0533 0.8357 0.8362 Sterling pound 2.1137 2.1144 1.6782 1.6786
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    • Article
      Lock icon CHICAGO BOT
      109 27 Feb 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1337.50 1344.25 1356.00 1336.75 May 14 1325.00 1330.50 1341.00 1324.00 Jul 14 1307.50 1312.00 1321.25 1306.75 Aug 14 1258.75 1262.75 1271.00 1259.00 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 14 COCOA (£/tonne) Close Prev High Low Mar 14 1860 1865 1867 1854 May 14 1855 1858 1861 1848 Jul 14 1848 1851 1853 1841 Sep 14 1838 1840 1843 1831 COFFEE(US$/tonne) Close Prev High Low Mar 14 1810 1824 1816 1795 May 14 1806 1822 1813 1792
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1268 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 0.2 1 123 233 185.00 3 Exer Albedo Limited W*****9 Prem Ascendas Reit MB ECW*****3 2.9 0.2 240 1 Ascendas Reit MB eCW*****1 2.8
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Feb 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.33 -0.01 WTI (Near Mth) 100.36 0.11 Dubai (1-Mth F) 105.16 0.38 Tapis blend 115.04 0.98 Minas 108.04 0.98 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.00 0.44 Jet Kerosene 122.07 -0.37 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Feb 17 S$ Bid Offer 1-month 1.2595 1.2596 2-months 1.2594 1.2596 3-months 1.2594 1.2597 6-months 1.2591 1.2593 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 27 Feb-14 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1702.50 1700.25 3 months 1745.50 1742.00 Copper, Grade A(US$/tonne) Cash 7180.50 7142.50 3 months 7150.00 7110.00 Lead(US$/tonne) Cash 2121.25 2102.50 3 months 2138.00 2118.00 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Feb 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.166 1.111 Can dollar 1.166 1.122 Euro 1.766 1.682 Sterling pound 2.150 2.068 NZ dollar 1.078 1.037 US dollar 1.285 1.224 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      161 27 Feb 17 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • PROPERTY
    • Article
      Lock icon Struggling Korean builders face high funding costs
      616 28 Weaker firms locked out of domestic bond markets as investors stay away IFR [HONG KONG] South Korea’s troubled construction sector is under pressure to find alternative sources of funding after a flight to safety in the country’s domestic debt market. Its builders have
      IFR  -  616 words
    • Article
      Lock icon TPG Capital to raise US$2b for new fund
      695 28 Bloomberg [SEATTLE] TPG Capital, the private-equity firm that formed a real estate division after the credit crisis, is trying to raise as much as US$2 billion for its first mul-ti-investor property fund. The firm, whose real estate unit was founded by Kelvin
      Bloomberg  -  695 words
    • Article, Illustration
      Lock icon Asking prices for UK homes growing at fastest pace in six years
      339 28 Reuters [LONDON] Asking prices for homes in Britain rose at the sharpest rate in more than six years over the past 12 months despite a big rise in new listings coming onto the market recently, property website Rightmove
      Reuters; PHOTO: BLOOMBERG  -  339 words
    • Article, Illustration
      Lock icon RBA to sell Sydney mansion amid high home prices
      488 29 920 sq m Eversley mansion is in Kirribilli suburb, where median house price is A$2.35m Bloomberg [SYDNEY] The Reserve Bank of Australia is seeking to sell a 920 square metre residential property in a harbourside suburb of Sydney amid the highest
      Bloomberg; PHOTO: BLOOMBERG  -  488 words
    • Article
      Lock icon Truck driver turned builder is a billionaire
      470 29 Trade centre owner Hydoo’s shares up 70% since Oct debut Bloomberg [SHANGHAI] Wong Choihing, a former truck driver, has become a billionaire as shares of Hydoo International Holding Ltd, a Chinese trade centre developer he leads, soared more than 70 per cent since
      Bloomberg  -  470 words
    • Article
      Lock icon China real estate firm unveils US$1b project in LA
      283 29 Xinhua [LOS ANGELES] Shang-hai-based Greenland Group unveiled new details of its US$1 billion Metropolis Los Angeles project at a ground-breaking ceremony on Friday. The 6.33-acre project, located on Francisco Street between 8th and 9th Streets, is the largest undeveloped site in
      Xinhua  -  283 words
    • Article
      Lock icon KL to set up website on home sales
      621 30  -  It also plans buyer database ‘to identify the number of houses owned’ By PAULINE NG By in Kuala Lumpur HOME buyers will be given quicker access to project sales data under a Web exchange to be established by the housing ministry by
      621 words
    • Article, Illustration
      Lock icon Red flags raised in Johor property market
      1242 30 MALAYSIA RESIDENTIAL MARKET [JOHOR BAHRU] The property market in Johor, particularly Iskandar Malaysia, might be a case of too much too soon. According to The Star newspaper, red flags are showing in the state where launches of projects and high prices are commonplace
      FILE PHOTO  -  1,242 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      192 28 OPPORTUNITY FOR JOINT VENTURE (Other Proposals Welcome) PRIME CBD COMMERCIAL BUILDING REDEVELOPMENT SITE Expression Of Interest (EOI): Closing 18th March 2014,4pm (Tuesday) Rare 9-storey commercial building with basement car-park along North Bridge Road in the heart of Singapore's civic cultural district 999 years leasehold tenure Site Area: Approx. 436.7 sm
      192 words
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      Lock icon Page 28 Advertisements Column 2
      326 28 \1 M. v, f.. W 1 OWN A LEGEND! Foreigners can buy commercial conservation hotel building A Special Opportunity. A rapturous conservation hotel in the heart of the city. An upmarket boutique heritage building with a stable anchor tenant. i attractive long term 3.7% return i no additional stamp tax
      326 words
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      Lock icon Page 28 Advertisements Column 3
      216 28 Singapore Tallest Residential Building Exclusive 181 Units Seamless flow to Tanjong Pagar MRT Integrated Development Residential Apartments starts from 180 m, fantastic view CALL NOW FOR APPOINTMENT Joe Leow: 9181 1212 (CEA Reg No: R*****0G) DTZ Debenham Tie Leung (SEA) Pte Ltd CEA Licence No: L*****01G Premium Space for Lease
      216 words
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      Lock icon Page 28 Advertisements Column 4
      23 28 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WAT3 NOTICES
      23 words
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      392 29 T VMTERSIDE ONDON REDROW LONDON Royal Waterside, London NW10 f ,,M /j|j r JP f Jm 1 Sr 4 r V'S., 1 m TO c W 1 §r i ii£Q > =V1I:- I'-aW i ii I I Ii Srt>. v -ID Ac r r ;v$ iiplir a J|7 T-toTnputer Generated
      392 words
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      115 30 What s the Tenet Sompo Promise? We’re in the business to bring you peace of mind. That’s our promise. At Tenet Sompo Insurance, our customers come before our business. We strive to be the premier insurer in Singapore who will do more than meet your protection needs. We’ll always be
      115 words