The Business Times, 19 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$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, February 19, 2014
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  • Article, Illustration
    Lock icon Market cold to supposed SingTel interest in Shin
    869 1  -  Analysts say deal would raise telco’s exposure to a market in constant political turmoil By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] As teargas and gunfire hung over Bangkok yesterday, market watchers saw red and yellow over reports that Temasek Holdings is toying with selling
    PHOTO: BLOOMBERG  -  869 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,070.78 (+1.50) GST INDEX FUTURES 3,071.00 (+2.00) HSIMSCI 350.41 (-0.02) HSIMSCI FUTURES 350.20 (-0.40) US$ S$ US$ (S$ per US$) 1.262 (US$/S$ per 1.672 2.109 EURO (US$/S$/€ 1.372 1.731 Foreign currency per US$ S$ YEN 102.50 81.20 RM 3.302 2.617 HK$ 7.755 6.147 BAHT 32.43 25.70 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,825.24 -2.24 NIKKEI 225 14,843.24 +450.13 HANG SENG 22,587.72 +51.78 SET INDEX 1,326.21 -6.16 JAKARTA COMP 4,556.19 +0.82 MANILA COMP 6,193.97 +26.15 SEOUL COMP 1,946.91 +0.55 SHENZHEN B 848.71 -7.62 MUMBAI IND 20,634.21 +170.15 11am EST Change DOW 16,136.57 -17.82 NASDAQ 4,269.42 +25.39
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA MALAYSIA 6.55 HONG KONG 5.00 INDONESIA KOREA TAIWAN 5.036 JAPAN 1.475 KOREA INDIA BRITAIN Source: Bloomberg
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  • Article
    Lock icon Tharman walks fine line over clashing demands
    721 1  -  The avenues to raise funds are open but each comes with trade-offs BUDGET 2014 By TEH SHI NING tshining@sph.com.sg [SINGAPORE] Balancing the Budget has never been a problem for the Singapore government. But as the yearly deluge of pre-Budget recommendations and petitions shows,
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      128 1 COMPANIES S’pore bonds, equities show resilience PAGE 5 EXEC MONEY Galloping into the Year of the Taper PAGE 29 MOTORING Luxury makes drive interest in Cat A COEs PAGE 10 STRAIT TALK Scrap ‘not in my backyard’ policy PAGE 19 8"*****1 ll *****4 Go to http://btd.sg/SGBudget-2014 for BT’s pre-Budget features
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  • TOP STORIES
    • Article
      Lock icon Drop at the top for work-income earners
      641 2  -  First fall since 2008 recession; highest 10% only group to get paid less in 2013 By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] Income of top earners from employment in 2013 fell for the first time since the 2008 recession the only group to see
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    • Article
      Lock icon Latest clashes in Bangkok leave 4 dead, dozens hurt
      548 2 Reuters [BANGKOK] Gun battles erupted between Thai police and anti-government protesters in Bangkok yesterday, killing four people and wounding dozens as authorities made their most determined effort yet to clear demonstrators from the streets. In a day of tangled developments in
      Reuters  -  548 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      306 2 Market cold to SingTel’s Shin interest MARKET watchers saw red and yellow over reports Temasek Holdings is toying with selling its US$3.1 billion stake in Shin Corp to SingTel. FRONT PAGE Balancing clashing Budget demands BALANCING the needs and wants of various groups and deciding how best to
      306 words
    • Article
      Lock icon Overall surplus seen overshooting estimates
      555 4  -  Forecasts range from $5.9b to $7b; govt had reckoned it as $2.4b a year earlier BUDGET 2014 By TEH SHI NING tshining@sph.com.sg [SINGAPORE] Economists are expecting the government’s overall surplus to overshoot initial estimates by as much as 2.5 times, as Singapore’s stronger growth in
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    • Article, Illustration
      Lock icon Budget 2014: What to expect
      744 4 For BT’s pre-Budget features, go to http://btd.sg/SGBudget-2014 IHigher wealth taxes may be on the cards, Jan 15 ICar sector hoping loan curbs are eased, Jan 24 IINFOGRAPHIC: An economy of words, Jan 27 IMore policies to plug healthcare gaps seen, Jan 27 IMore social spending
      Source: Accountant-General’s Department  -  744 words
    • Article
      Lock icon GIC head explains the ‘smart way’ to comply
      465 4  -  By lynkhoo@sph.com.sg LYNETTE KHOO By lynkhoo@sph.com.sg [SINGAPORE] Keeping up with increasing compliance is of great concern to companies, and Singapore’s top sovereign wealth fund GIC Pte Ltd (formerly known as Government of Singapore Investment Corporation) is facing a similar challenge. But companies
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    • Article
      Lock icon Global gold demand softens 15%
      598 4  -  By ANDREA SOH sandrea@sph.com.sg [SINGAPORE] Global gold demand slumped 15 per cent last year as heavy selling in exchange-traded funds (ETFs) outstripped record-high consumer demand for the metal, according to the World Gold Council. Total demand fell to 3,756 tonnes, from 4,416 tonnes in 2012.
      598 words
    • Article
      Lock icon Newspapers rank high as a source of local news: survey
      333 4  -  By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Newspapers are holding their own where local news is concerned, according to the Consumer Experience Study 2013 commissioned by the Media Development Authority (MDA). The survey of 1,742 people last year found that 85 per
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      477 2 SingExpressTravel Sf Safe2Trave VOTED No. By Weekender Readers TRAVEL AGENCY FOR JAPAN As published in Weekender February 7-13, 2014 jC9 W Travel Agency to introduce Customer First Care Protection |p21-Days Extra Insurance Protection Enjoy extra protection when you buy travel insurance the same time you book your package with us.
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      100 3 txmmmm -> mm* I -*rf5& L I M CARTIER AUTOMATIC 1 ■S.\ r •■> -i r^T"' T**; ■I s^wS§g»s^^-.»»vi I V. A,, T TANK MC MANUFACTURE MOVEMENT 1904 MC SINCE THE CREATION OF THE FIRST TANK WATCH IN 1917, THE TANK COLLECTION HAS CONTINUED TO BRlzAK NEW GROUND. THE INCREDIBLY
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon S’pore bonds and equities stand out in region: report
      880 5  -  Corporate bonds have outperformed their sovereign peers, says Markit By SIOW LI SEN lisen@sph.com.sg SINGAPORE’S bonds and equities markets are not doing too badly, despite surging short interest and capital flight from Asian markets in recent weeks, said financial data firm
      Source: Markit Equities Research  -  880 words
    • Article, Illustration
      Lock icon State-owned Chinese firms to invest in GLP
      338 5  -  Deal to inject up to US$2.5 billion in company By RAPHAEL LIM raphlim@sph.com.sg GLOBAL Logistic Properties (GLP) has signed an agreement with a group of Chinese state-owned enterprises and financial institutions for an up to US$2.5 billion investment in the company. The transaction
      338 words
    • Article
      Lock icon Biosensors stock surges 14% on Citic takeover talk
      462 7  -  Shares last traded at 99.5 cents before halt in trading at 3.45pm By KENNETH LIM kenlim@sph.com.sg SHARES in Biosensors International Group shot up 14 per cent in a matter of minutes yesterday on reports that a Chinese pri-vate-equity investor may offer to
      462 words
    • Article
      Lock icon SGX should seriously meet retail needs
      858 7  -  HOCK LOCK SIEW B y R SIVANITHY sivan@sph.com.sg THERE have been many attempts to stimulate retail interest in the stock market over the past few years, but the results have not been encouraging. Brokers and the Singapore Exchange (SGX) regularly conduct educational seminars, the
      858 words
    • Article
      Lock icon Private bankers abiding by CPD requirement
      216 7 THE Institute of Banking and Finance (IBF) said yesterday professionals working at Singapore’s private banks have fulfilled a key qualification requirement known as the continuing professional development (CPD) programme under the private banking code of conduct. Under the 2011 code of conduct, private banking
      216 words
    • Article
      Lock icon UOB doubles its Asia cross-border loans
      518 8  -  The bank has added eight FDI advisory units across region in the past year By SHEENA TAN tsheena@sph.com.sg UNITED Overseas Bank (UOB) has doubled its number of cross-border loans to businesses since setting up its first foreign direct investment (FDI) advisory unit here in
      518 words
    • Article
      Lock icon Coutts sues Blumont chairman for S$19.9m
      375 8 Banks, traders seek to recover US$140m from October crash Bloomberg NEO Kim Hock, executive chairman of Singapore commodities company Blumont Group, has been sued by Coutts Co, taking the sum banks and brokers are seeking to recover from an October crash to at least
      Bloomberg  -  375 words
    • Article
      Lock icon CGLH gets SGX approval to delay FY2013 results
      235 8  -  By JACQUELYN CHEOK jaccheok@sph.com.sg MAINBOARD-listed China Great Land Holdings (CGLH) has been given the goahead from the Singapore Exchange (SGX) to postpone the release of its full-year financial statements and its annual general meeting (AGM) for the financial year ended Dec 31,
      235 words
    • COMPANY BRIEFS
      • Article
        Lock icon UOB to sell its indirect stake in Uni.Asia
        107 8 UNITED Overseas Bank plans to divest itself of its 33.37 per cent indirect shareholding in Uni.Asia General Insurance Bhd for RM374.5 million (S$143.3 million) in cash. The sale is pending regulatory approval. On completion of the sale, UAG will cease to be
        107 words
      • Article
        Lock icon Hosen reports tripling of full-year profit
        66 8 CANNED food distributor Hosen Group posted profit for the year ended Dec 31 of $1.81 million, up from $552,000 a year earlier. Revenue jumped 10.4 per cent to $77.7 million from $70.4 million a year ago, due to higher sales of seafood products over
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      • Article
        Lock icon Baker Tech Q4 profit soars to $4.2m
        50 8 BAKER Technology’s net profit for Q4 ended Dec 31 more than quadrupled to $4.2 million from $952,000 a year ago. For the full year, profit fell 73 per cent to $22.4 million, from $81.6 million, due to lower gains on disposals of investments.
        50 words
    • Article
      Lock icon PICTET
      273 8 Pictet-Absl Rtn Fxd Inc-HP EUR 13/02/2014 EUR 101,99 Pictet-Absl Rtn Glo Div-P EUR 13/02/2014 EUR 113,55 Pictet-Asian Equities Ex Japan-P USD 14/02/2014 USD 178,52 Pictet-Asian Local Currency Debt-P USD 14/02/2014 USD 142,87 Pictet-Biotech-P USD 13/02/2014 USD 637,82 Pictet-Clean Energy-P USD 13/02/2014 USD 85,27 Pictet-Digital Communication-P USD 13/02/2014 USD 209,35
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    • Article, Illustration
      Lock icon Fine-tuning the tax system for all
      1638 9 Making changes to the PIC, corporate and individual taxes could help bring in more revenue, says Sum Yee Loong A Special Feature Brought to You By Singapore Management University SINGAPORE is gearing up for its 2014 Budget debate next month, and the government has
      1,638 words
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      40 5 BNP PARIBAS i mu r I 1 IS mi If :::n LUl TT 3fesafl533'-jdSt 210 PSA -ig The bank for a changing world N ©I'SA 607 *.A.I J| *.-?Sk,-T w PSA 608 il 1 m y *1 Sift&'S v. H
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Penny stocks in play as STI inches up
      649 6  -  Market turnover stands at three billion units but carries value of only $915 million STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE closure of Wall Street for President’s Day on Monday made for a relatively directionless session yesterday in the local stock market.
      Source: Bloomberg  -  649 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Feb 18 VALUE CLOSE BT OB/OS 334.00 +303.00 BT CADI -*****.00 +112.00 BT 10-day MA -*****.00 +33.00 FTSE ST Mid Cap 711.10 +3.87 FTSE ST Small Cap 532.30 +2.87 FTSE ST All Share 747.69 +1.26 FTSE ST China Top 198.82 +2.72 FTSE ST China 224.08 +1.79 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME HanKore 367,925,000 KLW Hldgs 229,656,000 JES 214,986,000 Federal Int 141,448,000 Charisma Energy 101,777,000 Albedo 91,484,000 Vallianz Hldgs 87,482,000 Memstar 76,597,000 Otto Marine 66,142,000 Blumont 64,732,000 VALUE($) SingTel 54,905,083 HanKore 45,955,166 DBS Grp 36,305,030 Biosensors 36,234,615 JES 34,626,538 OCBC Bk 32,878,110 GLP 28,987,324 SembMar 19,129,350 HPH Trust
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 0 5 0 0 0 9 0 5 Manufacturing 60 35 35 12 7 5 72 42 40 Commerce 28 15 20 7 3 1 35 18 21 Tpt/Stor/Comms 12 14 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 30,678 30,678 40,039 40,039 Manufacturing 654,329 307,839 962,168 189,493 12,665 202,158 Commerce 223,985 270,984 494,969 59,136 29,821 88,957 Tpt/Stor/Comms 89,951 6,374 96,325 110,797 564 111,361 Finance 72,013 107 72,120 92,674 34 92,708 Construction 43,043 154,385
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    • BROKERS’ TAKE
      • Article
        Lock icon CapitaMall Trust
        362 6 Feb 18 close: S$1.82 OCBC Investment Research, Feb 18 CAPITAMALL Trust (CMT) has continued to underperform both its local retail Reit peers and the broader S-Reits sector year to date, and is hovering near its 52-week low of S$1.80. This is despite its enhanced portfolio assets, financial position
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      • Article
        Lock icon Croesus Retail Trust
        374 6 Feb 18 close: S$0.92 DBS Group Research, Feb 17 CROESUS Retail Trust (CRT) reported Q2 2014 distribution income of 713 million yen (S$8.8 million), 6 per cent above forecast, translating into a distribution per unit (DPU) of 2.02 Singapore cents. This was achieved on a 1.2 per
        374 words
      • Article
        Lock icon Courts Asia
        289 6  -  Compiled by CAI HAOXIANG Feb 18 close: S$0.59 CIMB Research, Feb 17 WITHOUT the booming Malaysia credit sales of early FY2013, a return to stronger profitability looks like a hard slog. Q3/9M 2014 profits made up only 19 per cent/62 per cent of our full-year estimates and 20
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 1.800 -0.005 CapitaLand 2.940 CapitaMall 1.820 +0.010 CityDev 9.380 -0.010 ComfortDelGro 1.955 -0.010 DBS Grp 16.55 -0.040 GLP 2.880 +0.050 Genting SP 1.395 -0.015 Golden Agri 0.530 -0.005 HK Land 6.130 HPH Trust US$ 0.635 -0.005 JMH 55.00 +0.250 JSH 32.38
      111 words
    • Article, Illustration
      Lock icon Yen falls to February lows against $, euro
      495 6 Yen falls to February lows against euro CURRENCIES Bloomberg [LONDON] The yen yesterday slid to the weakest this month against the dollar and the euro after the Bank of Japan (BOJ) boosted its lending programmes and said it will maintain monetary easing to stamp out deflation. Japan’s currency fell against
      Bloomberg; PHOTO: BLOOMBERG  -  495 words
    • Article
      Lock icon RISES
      109 6 BY CENTS CLOSE UP DBXT MSUSA 10US$ 4572 56.8 1.0 DBXT MSMSIA 10US$ 1474 54.3 3.0 DBXT FTVietnam 10US$ 2813 45.4 1.3 Lyxor EmergingMkts 1 993 42.9 3.5 JMH 5500 31.5 0.5 DBXT MSJAP 10US$ 4483 25.2 0.4 DairyFarm 919 18.9 1.7 DBXT MSTHAI 10US$ 1813 12.6 0.6 Lyxor
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    • Article
      Lock icon FALLS
      127 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -68.1 -0.4 Lyxor Europe 10 US$ 1549 -32.8 -1.7 DBXT MSEurope 10US$ 6048 -24.0 -0.3 Lyxor China H 10US$ 1332 -21.5 -1.3 DBS Bk 4.7% NCPS 100 ***** -20.0 -0.2 Pan Ocean 100 550 -20.0 -3.5 DBXT MSINDO 10us$ 1277 -13.9 -0.9
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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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
      136 words
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      408 8 STPROPERTY bkV: EXPO MARCH 201 Let STProperty bring Malaysia's most established property developers to you! Get acquainted with the latest projects in the Malaysian market. Give yourself an edge in improving your investment portfolio with all these resources at your fingertips. I STProperty Seminar March 2014 Learn more about local,
      408 words
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      153 9 SMU Master of Science in CFO Leadership FROM FINANCE LEADER TO BUSINESS PARTNER MAKE YOUR MARK IN EVERY ROLE The Master of Science in CFO Leadership programme at Singapore Management University is the first postgraduate degree programme specially designed to develop CFOs and finance leaders for today’s complex and challenging
      153 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Luxury makes drive strong interest in Cat A COEs
      508 10  -  Premium seen rising by up to $5,000 in today’s tender; Cat B to firm up too By SAMUEL EE samuelee@sph.com.sg THE small car certificate of entitlement (COE) premium may currently cost almost as much as the big car premium but interest
      FILE PHOTO  -  508 words
    • Article
      Lock icon Temasek, 2 China firms invest in online education start-up
      348 10  -  By JACQUELYN CHEOK jaccheok@sph.com.sg SINGAPORE investment company Temasek, together with Chinese e-com-merce giant Alibaba Group and venture-capital firm Qiming Venture Partners, has invested nearly US$100 million in TutorGroup, an online education start-up based and headquartered in Shanghai. TutorGroup, in an announcement
      348 words
    • Article
      Lock icon Law firms in latest wave of expansion: Indochina
      451 10  -  By VIVIEN SHIAO vshiao@sph.com.sg JUST over a decade after Singapore law firms started breaking into China in search of growth opportunities, they are riding a second wave of expansion this time into Indochina. Just yesterday, Rajah Tann and RHTLaw Taylor Wessing signed
      451 words
    • Article, Illustration
      Lock icon No expansion of police powers in Bill: Iswaran
      577 10  -  It’s meant for public order in ‘Special Zone’ of Little India YESTERDAY IN PARLIAMENT By MALMINDERJIT SINGH msingh@sph.com.sg THE scope of police powers under a proposed new Bill to maintain public order in Little India is actually more limited than under existing
      577 words
    • Article
      Lock icon Indonesian naval ship will be barred from S’pore
      445 10  -  By msingh@sph.com.sg MALMINDERJIT SINGH msingh@sph.com.sg SINGAPORE will bar Indonesian naval ship the KRI Usman Harun from docking here, and will not take part in any exercises with the controversially named frigate. Defence Minister Ng Eng Hen told Parliament yesterday that the ship,
      445 words
    • Article
      Lock icon India calls for more bank kiosks at workers’ dormitories
      731 10 Proposal follows Little India riot that left 25 people charged Bloom berg [SINGAPORE] The Indian High Commission has asked banks operating in Singapore to set up money-remittance kiosks at workers’ dormitories after a riot in the Little India district led to
      Bloomberg  -  731 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon MAS posts RM343m Q4 loss
      578 11  -  Full-year loss trebles to RM 1.17b despite 10% rise in revenue to RM15.1b By S JAYASANKARAN in Kuala Lumpur MALAYSIA Airlines (MAS) has made its fourth straight quarterly loss for the three months ended Dec 31, and warned of challenging times ahead as its full-year
      PHOTO: BLOOMBERG  -  578 words
    • Article
      Lock icon Malaysia is top Muslim-friendly holiday spot
      439 11 AFP [SINGAPORE] Malaysia is the world’s friendliest destination for Muslim travellers, according to a survey released yesterday, but Japan has shown the most improvement as it ramps up efforts to cash in on a growing market. Malaysia was followed by the United Arab Emirates,
      AFP  -  439 words
    • Article
      Lock icon Business confidence up in Q4: survey
      495 11  -  By in S JAYASANKARAN in Kuala Lumpur BUSINESS confidence and economic sentiment improved in Malaysia in the fourth quarter of last year, a global survey has found. The Association of Chartered Certified Accountants’ (ACCA’s) Global Economic Conditions Survey (GECS) showed that a combination of
      495 words
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      305 11 A European education TS STC with a global perspective business school Singapore No.8 Wi < No.2 S No.7 With campuses in Paris and Singapore and a vast network of 44,000 alumni undertaking business challenges all around the world, ESSEC Business School, a leading institution in Europe for business education, offers
      305 words
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      Lock icon Page 11 Advertisements Column 2
      204 11 i! 4 .v -Hi BBS!. P 1 -I C ■m r f iB.lllirilliTi im WORLD’S FINEST SERVICED OFFICES SERVICED OFFICES For the 1-10 man business Fully furnished prestigious offices Business registration offices available Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure
      204 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China’s regional data shows less focus on growth
      833 12 Narrowing disparity points to Beijing’s focus on cutting debt, environment Bloomberg [BEIJING] The gap in reported economic output between China’s provinces and national statistics narrowed for the first time in six years as Communist Party leaders vowed to reduce the focus on
      Bloomberg; PHOTO: REUTERS  -  833 words
    • Article
      Lock icon External advisers opposed India’s Jan rate hike
      351 12 Four wanted no change while two sought 25 bps hike Reuters [MUMBAI] Reserve Bank of India governor Raghuram Rajan’s surprise decision to raise interest rates last month was opposed by most external members of an advisory committee, minutes of its meeting showed. India’s
      Reuters  -  351 words
    • Article
      Lock icon PBOC drains 48b yuan out of the market, maintaining tight liquidity
      626 12 Reuters [SHANGHAI] China’s central bank drained funds from the market yesterday as it strengthened its money management strategy after unexpectedly strong credit growth in January put downward pressure on rates. The People’s Bank of China (PBOC) is trying to
      Reuters  -  626 words
    • Article
      Lock icon China’s Jan FDI up 16.1% at US$10.76b
      610 13 Majority of new investment, some US$6.33b, goes into country’s services industry Reuters [BEIJING] China drew US$10.76 billion in foreign direct investment (FDI) in January, up 16.1 per cent from a year earlier, the Commerce Ministry said yesterday, a sign that confidence in the
      Reuters  -  610 words
    • Article, Illustration
      Lock icon Economist’s no-nonsense view of China’s economy gets a hearing
      1427 13 Top Beijing officials endorse his group’s reform agenda NYT [CAMBRIDGE, Massachusetts] Michael Spence won the Nobel Memorial Prize in economics in 2001 for esoteric research on how people make decisions when critical information is hard to obtain. But by that time,
      NYT; ST FILE PHOTO  -  1,427 words
    • Article
      Lock icon India’s fiscal position still weak: Moody’s
      512 13 Bloomberg [NEW DELHI] India’s fiscal position remains weak and a cut in spending to meet the budget gap estimate this year will probably hurt growth, Moody’s Investors Service said. The budget deficit will narrow to the lowest in seven years at 4.1 per cent
      Bloomberg  -  512 words
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      346 12 y y i 7i 1 '4 m 3* r. S. M i it I 'i* Celebrate Hina Matsuri at Mikuni 1 to 10 March 2014 Celebrated in Japan on 3 March, Hina Matsuri (Doll's Festival or Girl's Day) is a day for families to wish their daughters a successful and
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      124 13 Celebrate A Perfect 10 Uncompromising regimen, flexibility, dedication and flawless routine. These are the attributes of the finest gymnasts at the peak of their performance. Themed "Celebrating Excellence in Accountancy", the inaugural Singapore Accountancy Awards recognise outstanding practices and individuals in the profession. Submit your nominations by 18 April 2014
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  • WORLD
    • Article, Illustration
      Lock icon Computers and ongoing probe deal big blow to forex dealers
      1072 14 Trading shifting to electronic platforms as clients demand more transparency Bloomberg [LONDON] A widening probe of the foreign exchange market is roiling an industry already under pressure to reduce costs as computer platforms displace human traders. Electronic dealing, which accounted
      Bloomberg; PHOTO: AFP  -  1,072 words
    • Article
      Lock icon Global equities rally to erase 2014 losses
      722 14 Bloomberg [SINGAPORE] Global stocks erased their losses for the year as growing confidence in the US economy and a rally in emerging markets restored US$3 trillion of value. The market capitalisation of shares climbed to US$62.1 trillion on Monday, exceeding its level at
      Bloomberg  -  722 words
    • Article, Illustration
      Lock icon Bitcoin faces a variety of hurdles as it becomes more popular
      899 14 Regulators and hackers put virtual currency to the test NYT [NEW YORK] Bitcoin is facing significant growing pains as it struggles to move beyond a stormy adolescence. After months of hype and hysteria that have driven up its price
      NYT  -  899 words
    • Article
      Lock icon First US bitcoin ATM to open this month
      262 14 Reuters [SEATTLE] Robocoin said yesterday that later this month it will install the first automated teller machines in the United States that let users buy and sell bitcoin, the latest step into the mainstream for the digital currency. The kiosks, to be
      Reuters  -  262 words
    • Article, Illustration
      Lock icon 1997 crisis lesson helps Asian currencies stay strong
      895 15 Of 20 developing nation units, only rupiah, baht and S$ gained this year Bloomberg [BANGKOK] A decade and a half of good housekeeping is spurring Asian currencies from Indonesia’s rupiah to Thailand’s baht as investors increasingly differentiate between emerg-ing-market assets. Of more
      Bloomberg; PHOTO: BLOOMBERG  -  895 words
    • Article, Illustration
      Lock icon Nuclear energy seen as a key element of energy mix
      718 15  -  By in ANTHONY ROWLEY in Tokyo NUCLEAR power is entering a “renaissance” in Asia and globally but first it has to overcome the problem of high “upfront” costs after Japan’s Fukushima crisis, Barbara Judge, former chairman of the UK Atomic
      PHOTO: AFP  -  718 words
    • Article
      Lock icon Aussie interest rates likely to remain steady
      484 15 Low rates will aid growth despite price data puzzle: RBA Bloomberg [SYDNEY] Australia’s central bank said a period of steady interest rates is likely as record-low borrowing costs and a weaker currency aid growth and it monitors prices after a surprising acceleration in
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      Lock icon Spain seen busting budget deficit cap set by EU
      751 16 Analysts’ median shortfall estimate is 6.8%, over the limit of 6.5% Bloomberg [MADRID] Borrowing costs have tumbled, the economy is growing again and unemployment is falling for the first time in six years. Yet, the Spanish government is still struggling to
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      Lock icon Hollande woos business chiefs with business-friendly promises
      642 16 NYT [PARIS] President François Hollande of France has begun a major charm offensive to convince the world that France is open for business in a bid to lure back investments, which have slumped since he took office. Armed with pledges not to be
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      Lock icon BHP’s profit surges 83% to US$8.1b in H1
      540 16 AFP [SYDNEY] Global mining giant BHP Billiton yesterday posted a “monster” 83 per cent first-half spike in net profit to US$8.1 billion on the back of spending cuts and strong production at its iron ore business. The result for the six months
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    • Article
      Lock icon Further EU debt relief for Greece not before August
      594 16 Athens, claiming primary surplus, seeks immediate aid Bloomberg [BRUSSELS] Dutch Finance Minister Jeroen Dijsselbloem dashed Greek government hopes of gaining debt relief before European elections in late May, saying the euro area would likely wait until August to take up the
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    • Article
      Lock icon Tax on transactions would cost UK savers 4.4b euros: report
      280 16 Reuters [LONDON] A planned tax on financial transactions in 11 eurozone countries would cut the value of household savings in non-participating Britain by 4.4 billion euros (S$7.6 billion), a report for the UK financial sector said yesterday. Britain, the European
      Reuters  -  280 words
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      Lock icon New focus for Credit Suisse investment chief
      861 17 Investment strategy, research combined to deliver greater impact for customers Bloomberg [ZURICH] Credit Suisse Group AG, Switzerland’s second-biggest wealth manager, is changing the way it advises clients under chief investment officer Michael Strobaek as it seeks more customers among institutions and the extremely
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    • Article
      Lock icon US Treasuries least favourite in bond markets
      490 17 Bloomberg [SINGAPORE] Treasuries fell to last place among the world bond markets as investors said the US economy is bound to improve along with the weather. US government debt due in 10 years and more dropped 5 per cent in the 12 months
      Bloomberg  -  490 words
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      Lock icon North American summit set to look towards Asia
      562 17 AFP [MEXICO CITY] Mexico’s president hosts the leaders of the United States and Canada today, with the North American neighbours turning their gaze towards Asia to revitalise their 20-year-old trade bloc. President Enrique Pena Nieto will welcome US President Barack Obama and
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    • Article
      Lock icon German disclosure plan spooks drug firms
      838 17 They fear that data may drive down prices elsewhere Reu ters [BERLIN] Germany’s plan to publish price discounts agreed with drugmakers poses a risk to profits in the industry, which fears the information could be used to drive down prices elsewhere. Germany, Europe’s biggest
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    • Article
      Lock icon InterContinental sees rosy 2014 on profit rise
      271 17 Reuters [LONDON] InterContinental Hotels Group (IHG), the world’s largest hotelier, said that it was increasingly confident about 2014 after strong demand in the US and improving conditions in Europe helped it to post a 10 per cent rise in last year’s profit. IHG,
      Reuters  -  271 words
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      Lock icon BOJ doubles low-cost funding facilities to banks
      733 18  -  Stocks respond to surprise move with a 3% bounce in index; yen drops By ANTHONY ROWLEY in Tokyo AMID signs that Japan’s economic recovery is slowing, the Bank of Japan (BOJ) yesterday announced a surprise doubling of its special low-cost funding facilities to
      733 words
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      Lock icon Aussie manufacturing taking a beating
      596 18 It’s being squeezed by high labour costs, surging currency Bloomberg [MELBOURNE] From tinned fruit to work boots, high labour costs and an elevated currency are squeezing Australian manufacturing, threatening to increase a jobless rate already at the highest level in more than 10 years. Alcoa
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      Lock icon German investor confidence slides further in Feb
      554 18 Bloomberg [FRANKFURT] German investor confidence fell for a second month in February, signalling concern that the fragile recoveries in neighbouring countries pose a risk to Europe’s largest economy. The ZEW Centre for European Economic Research in Mannheim said that its index of investor
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      Lock icon UK fund managers promise more transparency on research costs
      410 18 Reu ters [LONDON] Britain’s top fund managers pledged yesterday to be fully open with customers over how their money is spent on investment research in an attempt to limit a looming regulatory crackdown. Managers pay brokers commission to cover trading fees
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      140 15 WIN Get the latest updates on fb.com/comexITshow Samsung Galaxy Tablets Nikon 1 J1 Cameras OPENS NEXT WEEK! 2014 27 Feb 2 Mar iPad Minis as we count down to IT SHOW 2014! Sign up now at itshow.sg/about Bay Sands Levels 1 B2 12pm 9pm daily for a chance to WIN
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      452 17 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF NORBROOK SINGAPORE PTE. LTD. (In Members' Voluntary Liquidation) (Company Registration No. *****6856R)(the “Company”) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company held on 17 February 2014 for
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      29 18 www.omy.sg It mip—wSx ffl ftihltff -sjaaits lltf ±mm ««gnE X-S AGm X SfisawM ■v J W.i showbiZjOmy.sg Download omy Apps o a^a LhTT-i -*4 omy Showbiz iOSAppStore Google Play
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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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  • Transport HUB
    • Article
      Lock icon Kill the ‘not in my backyard’ mentality
      886 19  - Kill the ‘not in my backyard mentality Coastal states must provide shelter to ships in trouble so that salvors can minimise any damage to the environment STRAIT TALK By DAVID HUGHES NLESS the situation has changed considerably in the past couple of days, as you read this, salvage crews are
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      Lock icon Private-equity funds snap up shipping debt
      1533 19 US$5b moved last year; firms may end up owning vessels Bloomberg [NEW YORK] Private-equity and hedge funds are accumulating shipping debt at the fastest pace since they began buying the risky loans from banks two years ago, raising prospects of the firms eventually owning
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      Lock icon TRANSPORT STOCKS
      239 19 SGX '000 Feb 18 S$ +/-Vol Ch Offshore 0.42 0.01 24 Chuan Hup Hldg 0.26 -0.01 154 Cosco Corp 0.71 unch 544 Cwt Limited................1.32 0.02 270 First Ship Lea unch unch 0 Grand Banks 0.22 unch 10 Jaya Hold Ltd K1Ventures Chuan Hup Hldg Keppel Corp 10.51 0.01
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    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Spain’s Ferrovial offers to buy three British airports
        610 20 Bid for Aberdeen, Southampton and Glasgow worth £800m, says report Reu ters [MADRID] Spain’s Ferro vial has offered to buy three British airports from its partners in Heathrow Airport Holdings (HAH), a source said, in a deal that would give regulators less
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        Lock icon CDS traders await clarity on Qantas aid
        808 20 Bloomberg [SYDNEY] Default-risk prices suggest traders are reserving judgment on how Australia’s government will play the “political football” of aid for Qantas Airways Ltd. Credit default swaps (CDS) on the nation’s biggest airline rose 81 basis points between its forecast of a first-half
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        Lock icon Hundreds of US flights cancelled ahead of storm
        281 20 Bloomberg [DALLAS] Airlines are scrubbing US flights ahead of another winter storm forecast to bring snow to the Northeast and mid-At-lantic states after dumping a fresh blanket across the Midwest. More than 500 US flights already have been scrapped for yesterday, industry
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      • Article
        Lock icon New carriers make Asia the centre of aviation
        1060 20 Bloomberg [SINGAPORE] Airbus Group and Boeing Co spent a week with Asian companies sounding more like cocktails than airlines, some of which didn’t exist a year ago, highlighting the region’s status as one of the most dynamic aircraft markets. From VietJet to
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    • TRANSPORT HUB: LAND
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        Lock icon European car sales in Jan up for 5th straight month
        967 21 Stretch of gains helped by eurozone recovery and new models in market Bloomberg [FRANKFURT] Sales of new European cars rose for a fifth consecutive month in January as the start of an economic recovery in countries sharing the euro encouraged
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      • Article
        Lock icon Anti-union group taking fight to other car plants
        512 21 UAW blamed for Detroit collapse, group urging workers not to join Reuters [WASHINGTON] A conservative group that helped defeat an organising campaign by the United Auto Workers (UAW) in Tennessee will take its anti-union fight to other car plants in the South,
        Reuters  -  512 words
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      55 20 l ,-j l i 2-4-■'i I t n rn j 1 U rJ 3 3 FIND THE ONES R5T- THAT FIT! Recruit the right people through CATS Recruit. L_—. Call 1800 289 8822 or email 1 recruit@sph.com.sg J to advertise, j 2J rU 2 n n W> i WATS n
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  • Page 20 Miscellaneous
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      322 20 CRYPTIC CROSSWORD Across 1 Openly-expressed anger is present at birth (12) 9 Health professional with hot potatoes to be juggled ahead (9) 10 Ring, dainty, being held in reserve (2,3) 11 Amuse the French on credit (6) 12 New port officer takes over procedure (8) 13 Travel around the borders
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      680 21 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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  • EDITORIAL & OPINION
    • Article
      Lock icon Coordinating global monetary policy
      527 22 EDITORIAL THAT the central bank of the prime economy of the world is powerful is not in doubt. But whether it should be responsible for the fate of the rest of the world is. Earlier this month, the US Federal Reserve came under fire from Reserve
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      Lock icon It’s time US adopts global accounting standards
      843 22  -  THE BOTTOM LINE DAVID MASON The writer, a Price Waterhouse Singapore partner for 18 years, is a business communications consultant in the UK who spends several months a year in Singapore. *FASB sets accounting standards in the US ACCOUNTING is the art of
      843 words
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      Lock icon Revisit need for a separate securities regulator
      1399 22  -  Combining commercial and regulatory roles calls for a more robust framework By MAK YUEN TEEN The writer is an associate professor in the NUS Business School where he teaches corporate governance and ethics IN 2008, The Business Times published my letter arguing for
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      Lock icon Budget must encourage angel investors
      795 23  -  Angel investor scheme that focused on start-ups needs to be extended and its scope widened to include SMEs too By CHAI WAI FOOK, CHIA SENG CHYE The writers are partners, tax services at EY in Singapore. The views reflected here are their own SMALL and
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      Lock icon Investing in the Year of the Horse – follow the herd at your peril
      723 23  - Investing in the Year of the Horse follow the herd at your peril By OLIVIER PACTON The writer is global co-head of private bank investment group, HSBC Private Bank THIS is a good time to reflect on the lessons of the past 12 months and look at what 2014 and
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      Lock icon ‘Price play’ isn’t a secret weapon for marketers anymore
      658 23  -  By BALA SHANKAR The writer is adjunct professor at SMU and director of NPS International School THE great surge in mobile and any-time technologies is challenging several holy marketing tenets, if not marketing principles themselves. For decades, the theory of marketing
      658 words
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  • Article
    Lock icon Shipping times
    2236 24 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      133 24 Shanghai Chittagong C a il a n E n n o r e J e d d a h B r Ho Chi Minh NYK RORO &Conventional ServiceREGULAR SERVICE TO REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea, Australia, East South Africa, Asia Europe is b a n e H
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      130 24 ‘V'Ti r JffN new ie pc rgi Services we provide: Transportation/Haulage Mechanical Repairs Pre Delivery Inspection Refurbishment Accessory Fittings Washing Storage/Preservation Yard Management Wallenius Wilhelmsen Logistics Singapore Pte Ltd Tel: (65) 6379 5166 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com Website: http://www.2wglobal.com FREIGHT LINKS EXPRESS Customer Service Contact: *****535, *****553, *****541,
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      151 25 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE. CALL JOE WONG AT 9620 1327 iiil
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      38 25 HD SHIPPING LINE CONVENTIONAL SERVICE ACCEPTING GENERAL PROJECT CARGO SINGAPORE TO JEBEL ALI/DAMMAM/KUWAIT VESSEL: M/V NASCO JADE ETA SINGAPORE O/A 25th FEB 03rd MARCH 2014 Agent: Indasia (Singapore) Pte Ltd Email: indasia@singnet.com.sg Tel: *****831 Ms. Chong Fax: *****831
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      18 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Dimes
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3180 26 Transaction date: Feb 18 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 Last Sale Vol Day Last Quote ('000) High Low Buyer Seller Div Gr Yld C'vr 188 106
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      Lock icon SGX CATALIST
      260 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 21 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller
      260 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11366 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** Asian Smaller tos!" 1.837/ China Opportunities'" 2 6841/ Local Ccy Bond 0.8764/ European Opportunities
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      Lock icon GLOBALQUOTE
      245 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US42 -0.5 2021 42.5 41.5 41.5 42 2765.5 Sale 318 191 TanChongInt HK296 296 303 4.3 2.4 9.9 5961.1 DISCLAIMER: All
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      Lock icon SGX ETF
      878 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 114 1 114 114 112 114 520.4 143 119 CIMB APAC Div 100S$D 122 122.7 124 114.4 94 CIMB APAC
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      683 28 Feb 18 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.47 *****.24 *****.49 Mar14 *****.00 *****.00 *****.00 *****.00 *****7 *****4 Jun14 *****.00 *****.00 *****.00 *****.00 537 4350 MSCI TAIWAN INDEX FUTURES SPOT 300.12 300.99 298.84 Feb14 300.30 301.50 299.10 301.40 ***** *****3 Mar14 300.20
      683 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Feb 17 Index Change Change Change Change Change Change World Preliminary 1177.2 0.2 -0.6 0.1 -0.7 0.2 -0.5 EAFE Preliminary 944.7 0.5 -1.2 0.4 -0.8 0.5 -0.5 Europe Preliminary 1371.4 0.4 1.2
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 28 Feb 18 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 5.479 0.659 7.005 56.151 106.900 0.926 9.626 2.982 1.084 94.755 40.258 1.140 9.819 0.805 27.373 29.288 0.540 0.903 Canada 1.010 5.532
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    • Article
      Lock icon SIBOR
      34 28 Feb 18 (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
      84 28 Feb 18 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-16 101.58 5-Year NX*****W 2.5 01-Jun-19 105.56 105.65 105.55 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      135 28 Feb 18 GOLD(US$/oz) Feb 18 Feb 17 Hong Kong 1324.00 1329.00 Feb 17 Feb 14 London 1327.74 1316.30 1328.26 1317.05 Source: Thomson Reuters CAST BAR Feb 18 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120 53 5gm 341 267 10gm 609 533
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    • Article
      Lock icon PALM OIL
      57 28 Feb 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2691.0 2710.0 2710.0 2682.0 733 8079 Apr 14 2696.0 2718.0 2721.0 2691.0 9185 ***** May 14 2693.0 2714.0 2717.0 2687.0 ***** ***** Jun 14 2682.0 2704.0
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      Lock icon INTERBANK CURRENCY RATES
      155 28 Feb 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1395 1.1397 0.9032 0.9033 Canadian dollar 1.1503 1.1508 0.9121 0.9117 Euro 1.7303 1.7308 1.3715 1.3718 NZ dollar 1.0508 1.0516 0.8329 0.8335 Sterling pound 2.1088 2.1096 1.6715 1.6720
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Feb 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.163 1.108 Can dollar 1.170 1.125 Euro 1.766 1.682 Sterling pound 2.143 2.061 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
      157 28 Feb 18 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ 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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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1182 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 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 CHICAGO BOT
      109 28 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 28 Feb 17 COCOA (£/tonne) Close Prev High Low Mar 14 1863 1860 1866 1858 May 14 1858 1855 1861 1852 Jul 14 1851 1848 1852 1846 Sep 14 1840 1838 1842 1837 COFFEE(US$/tonne) Close Prev High Low Mar 14 1825 1810 1827 1804 May 14 1818 1806 1819 1800
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Feb 17 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.78 0.45 WTI (Near Mth) 100.84 0.48 Dubai (1-Mth F) 105.84 0.68 Tapis blend 115.53 0.49 Minas 108.53 0.49 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.69 0.69 Jet Kerosene 123.40 1.33 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Feb 18 S$ Bid Offer 1-month 1.2616 1.2617 2-months 1.2615 1.2617 3-months 1.2615 1.2616 6-months 1.2612 1.2614 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 28 Feb-17 Feb-17 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1689.25 1702.50 3 months 1732.50 1745.50 Copper, Grade A(US$/tonne) Cash 7204.50 7180.50 3 months 7172.50 7150.00 Lead(US$/tonne) Cash 2138.25 2121.25 3 months 2154.50 2138.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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      57 29 t H~'7 c^ ■7 V r? c j IOru, j 1 is j rJ S\ s ss lT FIND THE ONES THAT FIT! t Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. *v V > J J [SATS RECRUIT S 7 rU
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      Lock icon Page 29 Advertisements Column 2
      96 29 27 Feb 2 Mar 2014 SUNTEC Singapore Halls 401 403 11am 10pm Daily “Hungry for Food Cash?” Hurry down to the LARGEST Food Beverage Fair at SUNTEC Singapore starting 27 FEB 2014 Stand to win 1st prize of CASH S$6,888 and other cash prizes. (Check out lucky draw coupons from
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      59 29 16 18 July 2014 Marina Bay Sands, Singapore m r ASIA www.OfficExpoAsia.com Next-Generation Workscape A-iy Next-Gen Workforce Next-Gen Workplace Next-Gen Technology Join hands with us, together we shape the next-gen workscape. To exhibit, contact: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sph Tel: (65) 6848 5938 Email: OEA@bizlink.com.sg Website:
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  • executive Money
    • Article, Illustration
      Lock icon Asian markets doing the limbo
      1129 30  -  While they may face trouble from beyond their borders, for many of them, spending at home has seldom been so strong By KEITH BRADSHER NYT THE docks at big Indonesian ports are quieter these days, as China’s demand for raw materials has begun to cool.
      NYT; PHOTO: NYT  -  1,129 words
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      Lock icon Galloping into the Year of the Taper
      828 29  -  With behavioural risks higher and equity returns likely to be lower, investors must address the volatility side of the equation MONEY MATTERS MARK HAEFELE The writer is the global head of investment at UBS Wealth Management IN CHINA, investors have just celebrated the
      PHOTO: REUTERS  -  828 words
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      Lock icon The about-face of the 5-yr return
      1076 29 Net loss in five years ended 2012 became a huge gain in the five years ended 2013 NYT [NEW YORK] Take the long view. That’s standard advice in investing, and it makes sense. After all, if you’ve salted money away for a serious purpose
      NYT; PHOTO: BLOOMBERG  -  1,076 words
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      651 30 China Opportunities. It’s about looking in the right places. At UBS, we go beyond the expected. The UBS Equity China Opportunity Fund aims to uncover gems by investing in potential future winners at an early stage. With a proven track record, we continue to deliver performance for our investors. Source
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      Lock icon Page 30 Advertisements Column 2
      11 30 YEAR AHEAD Galloping into the Year of the Taper PAGE 29
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