The Business Times, 20 February 2014

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Microfilm: NL32980
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, February 20, 2014
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  • Article
    Lock icon S’pore prime office rents rise 19% in 2013
    566 1  -  They are still less expensive compared to other major financial centres By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] Despite rents in Singapore’s central business district (CBD) surging 19.29 per cent last year, bucking the trend of largely flat rental growth across Asia, office space
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  • Article
    Lock icon S’pore bourse may miss revival of Chinese IPOs
    1072 1  -  Observers cite issue of pricing and past accounting scandals involving Chinese firms By LYNETTE KHOO lynkhoo@sph.com.sg [SINGAPORE] Even as initial public offerings (IPOs) of Chinese companies are back in favour on major stock exchanges globally, the Singapore market seems to have missed
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,088.79 (+18.01) GST INDEX FUTURES 3,089.00 (+18.00) GSIMSCI 352.02 (+1.62) GSIMSCI FUTURES 351.20 (+1.00) US$ S$ US$ (S$ per US$) 1.262 (US$/S$ per 1.671 2.109 EURO (US$/S$/€ 1.376 1.736 Foreign currency per US$ S$ YEN 102.10 80.90 RM 3.300 2.615 HK$ 7.755 6.145 BAHT 32.59 25.82 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,829.45 +4.21 NIKKEI 225 14,766.53 -76.71 HANG SENG 22,664.52 +76.80 SET INDEX 1,321.00 -5.21 JAKARTA COMP 4,592.65 +36.46 MANILA COMP 6,294.62 +100.65 SEOUL COMP 1,942.93 -3.98 SHENZHEN B 853.55 +4.84 MUMBAI IND 20,722.97 +88.76 11am EST Change DOW 16,197.75 +67.35 NASDAQ 4,269.56 -3.22
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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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      98 1 BUDGET 2014 Business and personal expectations PAGE 4 PROPERTY GCB market perks up PAGE 30 COMPANIES One-off losses hit CapitaLand’s Q4 PAGE 6 MOTORING Ferrari sells fewer cars for fatter profits PAGE 20 SINGAPORE BUDGET 2014 Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam will deliver this year’s Budget speech
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      292 2 S’pore may miss China IPO revival IPOs of Chinese companies are back in flavour in major stock exchanges, but the Singapore market seems to be missing out on this revival. FRONT PAGE S’pore prime office rents up 19% DESPITE CBD rents surging 19.29 per cent last year, Singapore
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    • Article
      Lock icon Court hears forensics testimony, views accident video footage
      718 2  -  Inquiry could last six weeks with appearances by 117 witnesses LITTLE INDIA RIOT COI Reports by NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] The Committee of Inquiry (COI) into the Little India riot started yesterday, with 117 witnesses slated to take the stand at the
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    • Article
      Lock icon Corrections
      193 2 IN the story “Drop at the top for work-income earners” (BT, Feb 19), we said “The decline was 3.1 per cent in nominal terms and came after a 9.1 per cent jump in nominal terms and 5.1 per cent hike in real terms in 2012 The decline actually came
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    • Article
      Lock icon Media warned against contempt of court
      303 2 [SINGAPORE] The Straits Times was rapped yesterday in court for publishing an interview with bus driver Lee Kim Huat ahead of the Committee of Inquiry (COI) into the Little India riot, with COI chairman G Pannir Selvam describing it as a form of contempt
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    • Article, Illustration
      Lock icon Business and personal expectations
      1312 4  -  Ahead of tomorrow’s Budget announcement, BT asks five corporate players the following questions: 1) What do you expect from the Budget for your business/company? 2) What do you expect as a taxpayer? Here are their answers. They will also share their reactions after the Budget speech
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    • Article, Illustration
      Lock icon StanChart’s Ferguson to join Bahrain bank
      664 4  -  By SIOW LI SEN lisen@sph.com.sg {SINGAPORE] Ray Ferguson, chief executive of Standard Chartered Bank Singapore, has quit to join Bahrain-based Arab Banking Corporation, the latest high-level departure to hit the UK bank. A statement from the bank, which is 18 per cent owned by
      FILE PHOTO  -  664 words
    • Article
      Lock icon MAS: robust security for credit cards here
      271 4  -  By JAMIE LEE leejamie@sph.com.sg [SINGAPORE] The Monetary Authority of Singapore (MAS) said there has been no evidence of a breach of payments security among banks in Singapore to date. In a statement yesterday, it said security measures in place for payment cards in
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    • Article
      Lock icon Govt proposes law to fight transboundary haze pollution
      783 4  -  By GRACE LEONG gleong@sph.com.sg [SINGAPORE] The government is proposing to introduce a draft law which would allow the prosecution of Singapore and foreign entities that cause or contribute to recurrent transboundary haze pollution here. Called the Transboundary Haze Pollution Bill, the legislation
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      333 2 EXCLUSIVE PROPERTY EXHIBITION 1st 2nd March 2014 (Sat Sun) 11am 7pm 19 STUNNING APARTMENTS IN A PRIME LONDON LOCATION Computer generated image 1, 2 and 3 bedroom luxury apartments with concierge services set around a landscaped ornamental garden Unveiling the second release of these luxury apartments, located in the unique
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      356 3 AT A ry.\ i, i M 9£r >5lii S3 ft* > >gf* K V. (as w* U. m ■z- -=r l\ KW3 W. >- iA 5**r\ :V> 2*f -V ;y. A* E* ■v. t '^4 V ,x JS& 0 -V A*' -«5f; -<■ »-S x> r v v N v
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  • Page 5 Advertisements
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      334 5 HALLMARK IRRESISTIBLE price of y $1850 psf* in District 10 I For limited units only A 4 C D N free o r re TOP soon J < \i kV \k •Ti if n i m > \1 m■59 V5 R k 'i c BE i m 1 Et WL.
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  • COMPANY NEWS
    • Article
      Lock icon One-off losses hit CapitaLand’s Q4
      698 6  -  Group calls for govt easing of time frame for developers to sell their units By MINDY TAN tanmindy@sph.com.sg THE government should consider relaxing the time frame within which developers are required to sell their units, said Wen Khai Meng, chief executive officer of CapitaLand Singapore,
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    • Article
      Lock icon Citic’s Biosensors talks ‘very preliminary’
      322 6  -  Slight pullback of stock shows stent maker still on takeover watch By KENNETH LIM kenlim@sph.com.sg THE market kept Biosensors International Group on takeover watch yesterday even as it surfaced that talks, if any, about a privatisation bid for the medical device maker were at best
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    • Article
      Lock icon Pan-United unit acquires cargo port facility firm
      415 6  -  By JACQUELYN CHEOK jaccheok@sph.com.sg MAINBOARD-listed Pan-Uni-ted Corp (PUC) has acquired 90 per cent of Changshu Changjiang International Port (CCIP), a mul-ti-purpose port located along China’s Yangtze River, for 436.5 million yuan (S$90.8 million). PUC, through its 85.5 per cent owned unit, Changshu Xinghua
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    • Article
      Lock icon Sing Holdings posts Q4 loss, looks abroad
      303 6  -  By KENNETH LIM kenlim@sph.com.sg SING Holdings plans to look for overseas opportunities amid challenging conditions in Singapore as the property developer fell into a fourth-quarter loss. The company posted a net loss of $533,000, or 0.13 cents per share, for the three months
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    • Article
      Lock icon Shares of WE Holdings soar on corporate plans
      321 9  -  Company reports termination of HK acquisition, signing of 2 mining MOUs By CAI HAOXIANG haoxiang@sph.com.sg ELECTRONICS distributor WE Holdings gained 0.4 cent, or 13 per cent, to 3.4 cents yesterday, after a raft of announcements on its corporate plans. Firstly, it said
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    • Article, Illustration
      Lock icon Sin Heng to offer self-erecting cranes
      399 9  -  Group awarded exclusive Arcomet distributorship By SHEENA TAN tsheena@sph.com.sg LIFTING services provider and equipment trader Sin Heng Heavy Machinery yesterday inked an exclusive distributor agreement with Arcomet to offer self-erect-ing cranes in South-east Asia. Sin Heng has decided to spend an initial $2 million
      BT FILE PHOTO  -  399 words
    • Article
      Lock icon Serial System’s Q4 profit up 63% at US$3.06m
      231 9  -  By VIVIEN SHIAO vshiao@sph.com.sg MAINBOARD-listed Serial System posted a net profit of US$3.06 million for the fourth quarter ended Dec 31, 2013, a 63 per cent increase from the US$1.88 million last year. Sales went up by 34 per cent to US$216.79
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    • Article
      Lock icon Transpac posts net profit of $42.7m for FY2013
      361 9  -  By GRACE LEONG gleong@sph.com.sg VENTURE capital firm Transpac Industrial Holdings, which recently unveiled an operations revamp, posted net profit of $42.7 million, or earnings per share of 18.24 cents for fiscal 2013, up from $6.63 million, or earnings per share of 3.13
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    • Article
      Lock icon Perpetual bonds a hit despite rotation fears
      532 10 Private banks grab over 80% of $500m perpetuals sold by Hyflux, Trafigura Bloomberg THE busiest start to a year on record for Singapore perpetual bonds is belying forecasts that clients of private banks are ready to switch into equities. Private banks snapped up
      Bloomberg  -  532 words
    • Article
      Lock icon Tax write-back lifts SuperBowl Q4 profit
      365 10  -  By RAPHAEL LIM raphlim@sph.com.sg SUPERBOWL Holdings fourth-quarter net profit more than doubled to $6.58 million from $3.18 million a year ago, boosted by a tax write-back. The company reported $3.6 million in tax credit for the three-months ended Dec 31, 2013, against $313,000 in
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    • Article
      Lock icon SIIC Q4 earnings dive 45.3%
      328 10  -  By carinel@sph.com.sg CARINE LEE carinel@sph.com.sg SIIC Environment Holdings’ net profit for the fiscal fourth quarter tumbled 45.3 per cent year on year to 31.29 million yuan (S$6.46 million) on impairment of goodwill and a near doubling in administrative and other expenses. Impairment of goodwill relating
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    • Article
      Lock icon SATS to buy 41.65% stake in PT Cardig Aero Services
      379 10  -  By LISA LEE lisalcc@sph.com.sg SATS Ltd will acquire a 41.65 per cent stake in Indonesian food solutions and gateway service provider PT Cardig Aero Services (CAS) for 1.108.3 trillion rupiah (S$ 118.3 million), giving the group a stronghold in a
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    • COMPANY BRIEFS
      • Article
        Lock icon Del Monte Pacific completes US purchase
        77 10 DEL Monte Pacific has completed its US$1.7 billion purchase of the consumer food business from Del Monte Corporation in the US that was first announced last October. The US consumer food business, which will be renamed Del Monte Foods, will provide Del Monte Pacific
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      • Article
        Lock icon PSL Holdings posts Q4 profit of $4.7m
        67 10 ENGINEERING services firm PSL Holdings’ earnings (including from discontinued operation) returned to the black in the fourth quarter ended Dec 31. Net profit was $4.7 million, against net losses of $1.76 million a year ago. Total revenue from continuing operations rose to $3.35
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      158 7 Today marks the official opening of the K&S Corporate Headquarters Kulicke Soffa proudly announces the official opening of their new corporate headquarters, spanning 198,000 square feet. The new facility encompasses the company’s corporate office, manufacturing, research development, marketing, sales services, and customer training center. Together with our technological leadership and
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI posts ninth rise in 10 sessions
      662 8  -  UOB and Jardine group lead index gainers; STI is still 2.5% down for the year to date STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index’s (STI) winning streak continued into a third consecutive day this week when it rose 18.01 points
      Source: Bloomberg  -  662 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Feb 19 VALUE CLOSE BT OB/OS 399.00 +65.00 BT CADI -*****.00 +13.00 BT 10-day MA -*****.00 +40.00 FTSE ST Mid Cap 712.03 +0.93 FTSE ST Small Cap 532.93 +0.63 FTSE ST All Share 751.24 +3.55 FTSE ST China Top 198.97 +0.15 FTSE ST China 225.73 +1.65 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME HanKore 147,283,000 Charisma Energy 120,042,000 SIIC Env 102,824,000 KLW Hldgs 95,017,000 Vallianz Hldgs 89,867,000 Golden Agri 73,207,000 WE Hldgs 67,769,000 Albedo 64,218,000 Transcu Grp 45,000,000 JES 42,265,000 VALUE($) SingTel 78,237,850 GLP 71,169,785 DBS Grp 54,972,633 Golden Agri 39,693,575 UOB 38,289,710 CapitaLand 34,048,700 Keppel Corp 29,392,740 OCBC
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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 7 4 3 0 0 0 7 4 3 Manufacturing 53 45 32 7 10 5 60 55 37 Commerce 22 19 13 4 3 3 26 22 16 Tpt/Stor/Comms 11 15 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 59,015 59,015 70,819 70,819 Manufacturing 352,474 128,663 481,137 140,482 6,106 146,587 Commerce 101,190 276,561 377,751 85,979 26,033 112,012 Tpt/Stor/Comms 80,181 4,201 84,382 155,340 368 155,708 Finance 41,665 305 41,970 127,449 56 127,505 Construction 46,999 139,430
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    • BROKERS’ TAKE
      • Article
        Lock icon United Envirotech
        354 8 Feb 19 close: S$1.265 OCBC Investment Research, Feb 19 UNITED Envirotech Ltd (UEL) posted Q3 FY2014 revenue of S$64.3 million, up 23 per cent y-o-y and 24 per cent q-o-q, driven mainly by the increase in water treatment revenue of S$10.9 million (+117 per cent y-o-y, +30 per
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      • Article
        Lock icon Singapore Banks
        416 8 CIMB Research, Feb 18 IN descending order of Q4 2013 results that exceeded expectations, UOB stacks up on top, followed by OCBC and lastly, DBS. Common trends in Q4 were better margins (despite the fixed deposit competition), trade finance-driven loan growth, seasonally softer treasury earnings and no asset
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      • Article
        Lock icon CapitaLand
        291 8  -  Compiled by CAI HAOXIANG Feb 19 close: S$2.91 DMG Partners Research, Feb 19 CAPITALAND reported a weak set of Q4 2013 results yesterday, with net profit of S$143 million (-45 per cent y-o-y) accounting for 17 per cent of FY2013 results of S$850 million (-9 per cent y-o-y). Although
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.830 +0.030 CapitaLand 2.910 -0.030 CapitaMall 1.835 +0.015 CityDev 9.380 ComfortDelGro 1.940 -0.015 DBS Grp 16.560 +0.010 GLP 2.910 +0.030 Genting SP 1.385 -0.010 Golden Agri 0.550 +0.020 HK Land 6.200 +0.070 HPH Trust US$ 0.630 -0.005 JMH 55.870 +0.870 JSH
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    • Article, Illustration
      Lock icon Yen rises as Tokyo stocks fall; baht down
      476 8 CURRENCIES Bloomberg [LONDON] The yen yesterday strengthened for the first time in three days against the US dollar as Japanese and European stocks declined, boosting demand for the currency as a haven. The yen rose against all except one of its 16
      Bloomberg; PHOTO: REUTERS  -  476 words
    • Article
      Lock icon RISES
      109 8 BY CENTS CLOSE UP JMH 5587 109.8 1.6 DBXT MSAsExJp 10US$ 3296 108.5 2.7 Jardine C&C 3845 105.0 2.8 DBXT MSTaiwan 10US$ 1947 88.3 3.7 DBXT MSJAP 10US$ 4542 74.5 1.3 JSH 3297 74.5 1.8 DBXT FTChina25 10US$ 2822 59.3 1.7 DBXT FTVietnam 10US$ 2858 56.8 1.6 Spore Land
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    • Article
      Lock icon FALLS
      124 8 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 5984 -40.4 -0.5 Brooke Asia 16.3 -10.2 -38.5 IS MS India 100S$D 740 -10.0 -1.3 DBS Bk 4.7% NCPS 100 ***** -9.0 -0.1 Raffles Med 322 -7.0 -2.1 SembCorp Ind 532 -7.0 -1.3 SingTel 100 354 -6.0 -1.7 Star Hub 412 -5.0
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      Lock icon Page 9 Advertisements Column 1
      161 9 Lars Seier Christensen, Co-CEO Co-Founder 1 5:42 Moscow, Russia One platform. One account. One organisation. One insight. One good idea. One instantly executed trade That's what makes the difference. You know that and so do we. That's why as a number one trading platform*, we offer you one point of
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      311 10 E S P L A N CELEBRATE GREAT MUSIC WITH 7 MAR FRI 7.30PM esplanade concert hall DEE DEE BRIDGEWATER: TO BILLIE HOLIDAY WITH LOVE u« "With her rangy chameleonic voice, Ms. Bridgewater can venture anywhere she pleases." The New York Times $40*. $60**. $80. $100 Concessions for students, NSFs
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  • SINGAPORE NEWS
    • Article
      Lock icon COE premiums rise across the board
      406 11  -  But it seems that the effect of re-categorising passenger cars has yet to be felt By SAMUEL EE samuelee@sph.com.sg PREMIUMS for certificates of entitlement, or COE, climbed across the board yesterday, in the second tender for this month as well as the re-classi-fied passenger
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    • Article, Illustration
      Lock icon Remember struggles by Class of ’65, Chun Sing tells NUS group
      641 11  -  You can build on the success and do even better, says Minister By LEE U-WEN leeuwen@sph.com.sg WHEN Chan Chun Sing rose to address an undergraduate dialogue last night, his first words into the microphone were: “I’m not your orthodox
      PHOTO: DESMOND FOO/THE STRAITS TIMES  -  641 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon HK’s CityU, DBS (HK) in research venture
        102 11 THE Apps Lab of City University of Hong Kong (CityU) and DBS Bank (Hong Kong) Limited have formed a strategic alliance to accelerate research and innovation in the banking sector. Under the agreement, CityU students will be offered opportunities to take part in
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      • Article
        Lock icon HDB awards EC site to SingHaiyi unit
        74 11 THE Housing Development Board has awarded the executive condominium site in Anchorvale Crescent to SingHaiyi Group’s Phoenix Real Estate Pte Ltd. The tender, which closed yesterday, drew 12 bids. The winning bid of $192.89 million translates to a cost of $366.91 per square
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    • Article
      Lock icon Asian nations should avoid race or religion-based systems: Chun Sing
      423 11  -  Success factors include how they seek out capable, committed future leaders By LYNETTE KHOO lynkhoo@sph.com.sg ASIAN countries have to contend with being heterogeneous and avoid degenerating into a race-based or reli-gion-based system, said Chan Chun Sing, Minister for Social and
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    • Article
      Lock icon Startup raises US$3.5m Series A funding
      318 11  -  By JACQUELYN CHEOK jaccheok@sph.com.sg VISENZE, a local startup whose visual recognition technology enables visual search and recommendation functions on e-com-merce platforms, has raised some US$3.5 million in Series A funding. Investors in this round include Rakuten Ventures, the corporate venture capital (VC) arm of
      318 words
    • Article
      Lock icon Asian job portals brighten fortunes of Aussie firm Seek
      401 11  -  It posts 29% profit rise for 6 months ending Dec 31, 2013 By AMIT ROY CHOUDHURY amit@sph.com.sg POWERED by growth in its businesses in Asia, Austral-ia-based Seek Ltd, the world’s largest online employment marketplace by revenue, recorded a 38 per cent
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    • Article
      Lock icon S’pore youth rank 8th in terms of their optimism on economic prospects: poll
      410 11  -  By VIVIEN SHIAO By vshiao@sph.com.sg SINGAPORE was ranked eighth in a field of 16 Asia-Pacific countries in terms of how optimistically its youth view their economic prospects. In the MasterCard Youth Confidence Index, the Republic scored 68.8
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Malaysia Airlines shares down 6% in heavy trading
      575 12  -  Analysts sceptical about turnaround plan in the face of stiff competition By in Kuala S JAYASANKARAN in Kuala Lumpur SHARES in Malaysia Airlines (MAS) were one of the most actively traded counters on the Kuala Lumpur Stock Exchange yesterday, its price easing
      PHOTO: BLOOMBERG  -  575 words
    • Article, Illustration
      Lock icon AirAsia boss lashes out at MAS, authorities
      459 12 He accuses them of mismanagement at the public’s expense AFP [KUALA LUMPUR] Flamboyant AirAsia boss Tony Fernandes savaged state-backed flag carrier Malaysian Airlines (MAS) and the nation’s aviation authorities yesterday, accusing them of mismanagement that was harming the travelling public. The budget airline
      AFP; PHOTO: BLOOMBERG  -  459 words
    • Article
      Lock icon Association of Banks to stop rupiah spot fixing
      417 12 Bloomberg [JAKARTA] The Association of Banks (ABS) in Singapore will discontinue its rupiah spot fixing used to settle non-delivera-ble forward (NDF) contracts as the gap between onshore and offshore exchange rates converges. Traders should use Bank Indonesia’s Jakarta Interbank Spot Dollar Rate,
      Bloomberg  -  417 words
    • Article
      Lock icon Indonesia looks at plugging tin export loophole
      403 12 Reuters [JAKARTA] Indonesian trade ministry officials are in talks with the country’s tin industry on making tin solder exports subject to a six-month old domestic trading rule, officials said, closing a loophole that has boosted solder shipments. Shipments of tin from the world’s
      Reuters  -  403 words
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      Lock icon Page 12 Advertisements Column 1
      1465 12 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ADVENTUS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****1072R) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined or the context otherwise requires, all capitalised terms used herein shall bear the same meaning as ascribed to them in the
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Dongfeng acquires 14% Peugeot stake
      713 13 French govt will also take 14% while Peugeot family will cut its stake to 14% Bloomberg [SHANGHAI] Dongfeng Motor Group has agreed to pay 800 million euros (S$1.4 billion) for a stake in PSA Peugeot Citroen in the biggest overseas acquisition by a Chinese carmaker
      Bloomberg; PHOTO: BLOOMBERG  -  713 words
    • Article
      Lock icon India’s gold curbs prompting inflow through other channels
      442 13 WP [MUMBAI] Curbs on gold shipments by India spurred a near-doubling of bullion coming into the country through unofficial channels, according to the World Gold Council, which forecast that the restrictions may be relaxed. Unofficial flows were close to the top end
      WP  -  442 words
    • Article
      Lock icon Qualcomm probed for overcharging
      414 13 It is also suspected of abusing its market position Reuters [BEIJING] China’s anti-mo-nopoly regulator yesterday said that Qualcomm was suspected of overcharging and abusing its market position, allegations which could see the US chip giant hit with record fines of more than US$1 billion. The National
      Reuters  -  414 words
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      136 13 MM qO^ i c LQUn Received the "User's Choice "award at World Communication Awards 2013. Recognised as "Wholesale Operator of The Year' at Asia Communication Awards 2013. telecomasia AWARDS 2013 Recognised as "The Best Asian Telecom Carrier" and "Best Cloud-Based Service" at Telecom Asia Awards 2013. SEAMLESS CLOUD FOR THE
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  • WORLD
    • Article
      Lock icon Tapering to cause turbulence for Asia-Pac banks, says S&P
      423 14  -  Subdued loan growth, slowing China may also have an impact but their ratings will be stable By ANTHONY ROWLEY in Tokyo MORE turbulent times lie ahead for financial institutions in the Asia-Pacific as the US Federal Reserve continues its monetary “tapering”,
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    • Article, Illustration
      Lock icon US Fed adopts foreign-bank capital rules to safeguard financial systems
      975 14 Walling off foreign banks’ US units may raise those firms’ borrowing costs Bloom berg [NEW YORK] The Federal Reserve approved new standards for foreign banks that will require the biggest to hold more capital in the US, joining other countries
      Bloomberg; PHOTOS: BLOOMBERG, REUTERS  -  975 words
    • Article, Illustration
      Lock icon Investor Icahn directs US$25b drug merger
      704 14 He stands to gain US$1.7b as Actavis buys Forest Labs NYT [NEW YORK] In 2009, Carl Icahn bought a stake in Forest Laboratories, then a struggling drugmaker. Over the next few years, he drew from his standard activist playbook. He criticised Forest’s management and
      NYT; PHOTO: BLOOMBERG  -  704 words
    • Article
      Lock icon Minimum-wage hike in US could result in 500,000 jobs lost
      615 14 Employers may lay off low-wage workers or hire fewer of them WP [WASHINGTON] President Barack Obama’s proposal to raise the minimum wage to US$10.10 an hour would increase earnings for 16.5 million low-wage Americans but cost the nation about 500,000
      WP  -  615 words
    • Article
      Lock icon New Fed chief in hot seat at 2014’s first G-20 meeting
      690 16 The evolving US ‘taper’ has become a lightning rod for global discontent AFP [SYDNEY] The G-20 holds its first meeting of the year this weekend with new Fed chief Janet Yellen in the hot seat as emerging economies suffer
      AFP  -  690 words
    • Article
      Lock icon Bitcoin value plunges on Japan exchange
      615 16 Bitcoin itself is safe, problems lie with MtGox, say critics AFP [TOKYO] The value of bitcoin on a Tokyo exchange was less than half that on other platforms yesterday, two weeks after it suspended withdrawals claiming a bug in the software that underpins the
      AFP  -  615 words
    • Article, Illustration
      Lock icon Asian chat services disrupt mobile order
      913 17 Social messaging services emerging as distribution channels for ads, goods, apps Reuters [LONDON] Asian chat services KakaoTalk, Line and WeChat threaten to overturn the mobile order of things, usurping the role of Google, Apple, Amazon.com, Facebook and telecoms carriers as gatekeeper to the consumer.
      Reuters  -  913 words
    • Article
      Lock icon US-EU trade talks seen entering harder phase
      568 17 Both sides are to sort out regulatory differences Bloomberg [WASHINGTON] Talks between the US and the European Union will be more difficult in the coming months as both sides sort out regulatory differences for a deal they are seeking to complete this year,
      Bloomberg  -  568 words
    • Article, Illustration
      Lock icon British govt talks to insurers over flood payouts
      429 18 AFP [LONDON] Insurance chiefs were called in for talks with the British government on Tuesday about payouts over the flooding that has left thousands of homes submerged, amid signs that bills could run into hundreds of millions of pounds. River levels are
      – AFP; PHOTO: REUTERS  -  429 words
    • Article
      Lock icon Nikkei falls as investors turn sceptical about Abenomics
      958 18 Big issue is when Japan will overhaul its labour rules and take steps to improve productivity NYT [TOKYO] For all the head-line-grabbing news about emerging market troubles over the past few weeks a dramatic currency slump in Argentina and a huge interest
      NYT  -  958 words
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      Lock icon Swiss immigration curbs a growth threat: economists
      641 19 Quota contravenes agreement allowing EU citizens to work freely in Switzerland Bloomberg [ZURICH] Switzerland’s decision to limit immigration will hurt economic growth, according to economists who cover the country. Restrictions on foreigners approved by Swiss voters earlier this month will hurt growth prospects,
      Bloomberg; PHOTO: AFP  -  641 words
    • Article
      Lock icon Candy Crush maker eyes US listing
      628 19 Reu ters [STOCKHOLM] King, the company behind the hit mobile phone game Candy Crush Saga, is planning a US stock market debut that some analysts think could value it at more than US$5 billion and herald a flurry of technology company listings this year.
      Reuters  -  628 words
    • Article
      Lock icon GE sues IRS, seeks US$658m refund for overpaid taxes and interest
      282 19 Bloomberg [MANHATTAN] General Electric Co has sued the US Internal Revenue Service, seeking a US$658 million refund for overpaid federal taxes and interest tied to losses it claimed from the sale of ERC Life Reinsurance. The dispute dates to
      Bloomberg  -  282 words
    • Article, Illustration
      Lock icon Is Instagram a path to riches for Facebook?
      465 19 It is silent about plans for the service that has 180m users NYT [NEW YORK] Every quarter, Facebook executives go into great detail about the company’s financial condition for investors: revenue, profits, user growth, new types of advertising, how many users log
      NYT; PHOTO: REUTERS  -  465 words
    • Article
      Lock icon Court sanctions Yingluck’s emergency rule
      491 20 But government warned against using it to disperse peaceful protesters Reuters [BANGKOK] A Thai court yesterday endorsed caretaker Prime Minister Yingluck Shinawatra’s declaration of a state of emergency, a day after five people were killed in gunbattles in Bangkok, but warned the government not to
      Reuters  -  491 words
    • Article, Illustration
      Lock icon Ferrari sells fewer cars – for fatter profits
      477 20  - Ferrari sells fewer cars for fatter profits By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] Ferrari may have delivered fewer cars globally last year, but the Italian super-sports carmaker still managed to post record revenues and profits. The number of homologated cars delivered last year fell 5.4 per cent to 6,922 units, in
      PHOTO: BLOOMBERG  -  477 words
    • Article
      Lock icon EU considers freezing assets of top Ukraine officials
      426 20 Pro-democracy clashes in Kiev leave 25 dead, spark fears of civil war Bloomberg [BRUSSELS] The European Union is moving towards freezing the assets of Ukraine’s most powerful officials and denying them travel visas after a crackdown on pro-de-mocracy demonstrators in Kiev left
      Bloomberg  -  426 words
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      186 15 BOUND FOR THE NORWEGIAN CONTINENTAL SHELF WEST LINUS Jurong Shipyard has successfully delivered West Linus, the 2 nd Gusto MSC CJ70 ultra-large harsh environment jack-up rig, to Seadrill on 18 February 2014. 7i V Sm. V, Vi 4> u. w M. ni m m Ah X I V .'/L \T
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      163 16 SME 101: MARKETING BOOTCAMP Marketing strategies for SMEs using video, social media and mobile phones ONLINE REGISTRATION ONLY Tickets can only be purchased via our online registration page using credit cards. REGISTER HERE: www.stjobs.sg/bootcamp 27 28 MARCH 2014 For enquiries, please email customercare@stjobs.sg or call 1800 6978 701 during office
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      66 16 www.itshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE COMING SOON! 27th FEB 2nd MAR 2014 MARINA BAY SANDS SINGAPORE EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX, WORLD
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      308 17 The Nova Building BUCKINGHAM PALACE ROAD LONDON SW1 X 1 tun r< b ite-ir 4i- a' 1 «s -^«i m an 9 'C •T» m I «s r 5T. n 1 M u6*l u MJ.»M L m »5SSiSite^^ V m k Hi Sh. A Sales Exhibition Four Seasons Hotel Crescent
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      87 18 Grooming future leaders to be “China-ready”, “China-savvy” and “Connected” ADVANCED LEADERS PROGRAMME The course has given us a concise and condensed introduction to China’s past, present and future, allowing us to gain an in-depth understanding of the diverse social ecology and inter-connectedness of the country’s political and socio-economic environment. Shaw
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      445 18 Stand a chance to win HP ProLiant MicroServer worth S$999 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
      445 words
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      534 19 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS Applications must be submitted through Primary Dealers and be in time for Primary Dealers to submit by the closing date of application. Eligible individuals under the CPF Investment Scheme can apply
      534 words
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      680 20 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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  • AVIATION/SHIPPING
    • Article
      Lock icon BA to use A380 between S’pore and London
      300 21  -  Double-decker jumbo jet to fly 3 times weekly from October By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] British Airways (BA) will start to operate Airbus A380 on its direct Singapore-London route from October, injecting more capacity through the double-decker jumbo jet amid strong demand.
      300 words
    • Article
      Lock icon STX Offshore to get 1.8t won rescue funds
      353 21 Reuters [SEOUL] Creditors of South Korea’s STX Offshore Shipbuilding Co have decided to lend the debt-laden shipbuilder an extra 1.8 trillion won (S$2.1 billion), two creditor sources with direct knowledge of the matter said. The fresh funds are being made available after
      Reuters  -  353 words
    • Article
      Lock icon Little progress in talks to end Panama Canal cost dispute
      592 21 Deadline looms as negotiations are stuck on US$400m bond conversion Reuters [PANAMA CITY] The Panama Canal and a Span-ish-led construction consortium expanding the major global waterway discussed options on Tuesday to keep the multibillion-dollar project afloat amid a dispute over
      Reuters  -  592 words
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      Lock icon Pentagon’s contract awards plummet in January
      617 21 WP [WASHINGTON] Poet TS Eliot called April the cruelest month. Defence contractors would pick January. The Pentagon’s contract awards dropped 66 per cent from December to US$8.44 billion, the lowest level in at least 22 months, according to data compiled by Bloomberg. The previous
      WP; PHOTO: AFP  -  617 words
    • Article
      Lock icon TRANSPORT STOCKS
      242 21 SGX '000 Feb 19 S$ +/-Vol Ch Offshore 0.41 -0.01 282 Chuan Hup Hldg 0.26 0.01 20 Cosco Corp 0.71 unch 796 Cwt Limited...............1.32 unch 127 First Ship Lea unch unch 0 Grand Banks unch unch 0 Jaya Hold Ltd 0.78 0.02 630 K1Ventures 282 Keppel Corp 10.51
      242 words
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      31 21 Fewer Indian men sporting hair on the upper lip LOCAL SCHOOLS HELP FOREIGNERS INTEGRATE FASTER GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      109 21 **,.0 VIETNAM 2014 International Franchise Business Opportunities 28-30 May 2014 10.00am 5.00pm Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam International franchise brands and business concepts under one roof Get free lessons on franchising from the experts! Pick up useful tips on doing business in Vietnam *Enjoy preferential
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      364 21 CRYPTIC CROSSWORD Across 1 Book to accompany scorer’s work? (8) 5 Mark that’s left in cliff (4) 9 Truffle, perhaps, from food shop, more or less cold, an unknown quantity (8) 10 Secret place to store gear (6) 11 Very large London district, you might say (8) 12 Hot electrical
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  • EDITORIAL & OPINION
    • Article
      Lock icon Lessons from the Usman Harun episode
      536 22 EDITORIAL THE naming of the Indonesian naval ship Usman Harun after the two marines who bombed MacDonald House in Singapore in 1965 brings to light an important point: Singapore cannot take for granted that its neighbours will always be sensitive to its concerns; they
      536 words
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      Lock icon Big gaps still remain in China-Taiwan dialogue
      792 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 IN 2008, after Ma Ying-jeou was elected president of Taiwan, he halted the political war over sovereignty between Taiwan and mainland China and focused
      792 words
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      Lock icon Incentives for S’pore in the global battle for talent
      1103 22  -  Tweaking the Singapore tax system could further improve the country’s competitiveness By MARGARET DUONG, GIRISH NAIK MARK AMATYA Margaret Duong is partner; Girish Naik is director; and Mark Amatya is senior manager, PwC International Assignment Services (Singapore). The PwC International Assignment
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      Lock icon Financial leaders need to be wary of knowledge gaps
      812 23  -  They are not expected to know everything but should keep up to date and be in the loop By MASSIMO MASSA The writer is the Rothschild chaired professor of banking and professor of finance at Insead, and head of its Master
      PHOTO: AFP  -  812 words
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      Lock icon Dealing with eurozone banks: an awkward step in the right direction
      870 23  -  DANIEL GROS The writer is director of the Centre for European Policy Studies Project Syndicate LATE last year, eurozone finance ministers reached a compromise on the basic elements of the Single Resolution Mechanism (SRM) that is, how to deal
      Project Syndicate; PHOTO: AFP  -  870 words
    • Article
      Lock icon Reduce income tax, but raise GST – and offer more people more offsets
      424 23 Reduce income tax, but raise GST and offer more people more offsets LETTER TO THE EDITOR TOMORROW, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam will deliver the FY2014 Budget Statement in Parliament. Will there be a rise in personal income tax on the rich, as proposed by some well-mean-ing
      424 words
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      Lock icon S’pore well-placed to seize opportunities in health technology
      701 23  -  By GREGORY LOVAS The writer leads CTPartners’Life Sciences Practice in the Asia Pacific THE next time someone next to you looks at their smartphone, it may not be to open their e-mail or gaming application. They could be scanning the arterial changes
      701 words
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  • Article
    Lock icon Shipping Times
    1324 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
    1,324 words
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      63 24 r O new «epo pT IE PC a Services we provide; Transportation/Haulage Mechanical Repairs Pre Delivery Inspection Refurbishment Accessory Fittings Washing Storage/Preservation Yard Management Wallenius Wilhelmsen Logistics Singapore Pte Ltd Tel: (65) 6379 5166 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com Website: http://www.2wglobal.com FREIGHT FORWARDER urgently needed by shippers Can they
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2995 25 Transaction date: Feb 19 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14 11.5 8Telecom Vol Day Last Quote Div Gr Yld Net M Cap 188 106 AIMSAMPIReit 140cri unch 1736 141.5
      2,995 words
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      Lock icon SGX CATALIST
      273 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 21 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller
      273 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11454 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.2/ Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** China Opportunities'" 2 6907/ EM Local Ccy Bond 0 8767/ European Opportunities!" 1.3107/ Global Emerging Markets!" 1.7517/ China
      11,454 words
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      Lock icon GLOBALQUOTE
      258 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 $mil 61 34.4 AVJennings A58 +0.5 8 58 57.5 57 60 3.6 6 4.7 214.7 52 35.5 Genting HK US$ US41 -1 8216 42 40.5 40.5 41 2699.7
      258 words
    • Article
      Lock icon SGX ETF
      882 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 $mil Low 143 119 CIMB APAC Div 100S$D 124.1 +2.1 0 124.1 124.1 123 124 114.4 94 CIMB APAC Div 100US$ US95 97.5 98 10 1510 1192
      882 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      684 27 Feb 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.48 *****.66 *****.19 Mar14 *****.00 *****.00 *****.00 *****.00 *****1 *****5 Jun14 *****.00 *****.00 *****.00 *****.00 1253 4791 MSCI TAIWAN INDEX FUTURES SPOT 301.12 301.31 299.84 Feb14 301.40 301.70 300.50 301.30 ***** *****2 Mar14 301.10
      684 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 18 Index Change Change Change Change Change Change World Preliminary 1182.4 0.4 -0.2 0.6 -0.1 0.5 0.0 EAFE Preliminary 951.6 0.7 -0.5 0.9 0.1 0.8 0.3 Europe Preliminary 1374.1 0.2 1.4
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      473 27 Feb 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.986 5.480 0.656 6.995 56.106 106.137 0.921 9.610 2.976 1.085 94.587 40.236 1.138 9.889 0.801 27.349 29.390 0.540 0.902 Canada 1.014 5.556
      473 words
    • Article
      Lock icon CHICAGO BOT
      112 27 Feb 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1361.00 1337.50 1362.50 1335.50 May 14 1347.75 1325.00 1348.50 1323.25 Jul 14 1330.25 1307.50 1330.50 1306.00 Aug 14 1277.00 1258.75 1278.00 1258.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Feb 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.90 1.12 WTI (Near Mth) 102.59 1.75 Dubai (1-Mth F) 105.84 unch Tapis blend 115.58 0.05 Minas 108.58 0.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.78 0.09 Jet Kerosene 123.34 -0.06 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Feb 19 S$ Bid Offer 1-month 1.2619 1.2624 2-months 1.2618 1.2624 3-months 1.2618 1.2623 6-months 1.2616 1.2621 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 27 Feb-18 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1721.75 1689.25 3 months 1766.00 1732.50 Copper, Grade A(US$/tonne) Cash 7235.00 7204.50 3 months 7195.00 7172.50 Lead(US$/tonne) Cash 2155.00 2138.25 3 months 2173.00 2154.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon SIBOR
      34 27 Feb 19 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 27 Feb 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.3 1-Year BY*****T 31-Oct-14 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.58 5-Year NX*****W 2.5 01-Jun-19 105.61 105.65 105.64 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      135 27 Feb 19 GOLD(US$/oz) Feb 19 Feb 18 Hong Kong 1324.00 1324.00 Feb 18 Feb 17 London 1321.90 1327.74 1322.75 1328.26 Source: Thomson Reuters CAST BAR Feb 19 (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
      62 27 Feb 19 Feb 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2725.0 2708.0 2728.0 2699.0 414 7433 Apr 14 2730.0 2716.0 2736.0 2705.0 7239 ***** May 14 2732.0 2708.0 2734.0 2702.0 ***** ***** Jun 14
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Feb 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1379 1.1389 0.9017 0.9022 Canadian dollar 1.1537 1.1548 0.9147 0.9142 Euro 1.7359 1.7368 1.3756 1.3758 NZ dollar 1.0490 1.0502 0.8313 0.8319 Sterling pound 2.1086 2.1100 1.6710 1.6714
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    • Article
      Lock icon LIFFE
      94 27 Feb 18 18 COCOA(£/tonne) Close Prev High Low Mar 14 1858 1863 1869 1855 May 14 1852 1858 1864 1849 Jul 14 1846 1851 1857 1843 Sep 14 1835 1840 1847 1832 COFFEE(US$/tonne) Close Prev High Low Mar 14 1881 1825 1896 1820 May 14 1875 1818 1887 1812
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1181 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 40 0.0 5 -88 53 Asia-Pacific Strategic W*****6 Conv Acma Ltd W*****7 Exer Price Ascendas Reit MB ECW*****3 2.9 0.2 240 1 Ascendas Reit MB eCW*****1 Ascendas Reit
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Feb 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.164 1.109 Can dollar 1.173 1.128 Euro 1.776 1.692 Sterling pound 2.144 2.062 NZ dollar 1.072 1.031 US dollar 1.287 1.226 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      159 27 Feb 19 Feb 19 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.08 US$ 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
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  • PROPERTY
    • Article, Illustration
      Lock icon Student debt may hurt US housing recovery
      1036 28 It discourages potential buyers from purchasing their first homes WP [WASHINGTON] The growing student loan burden carried by millions of Americans threatens to undermine the housing recovery’s momentum by discouraging, or even blocking, a generation of potential buyers from purchasing their first homes.
      WP; PHOTO: BLOOMBERG  -  1,036 words
    • Article
      Lock icon Househunt
      837 28 PROPERTY TRANSACTIONS FOR DISTRICTS 4 TO 26 WITH CONTRACT DATES BETWEEN JAN 8 AND JAN 14, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 4 NON-LANDED Caribbean At Keppel Bay Apt 13/01/2014 99 2583 2715 1051 Marina Collection Apt
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    • Article
      Lock icon Wealthy community fights low-income housing plans
      872 28 Bitter 3-year battle in Chappaqua to overturn project NYT [CHAPPAQUA, New York] Few places on the planet are as enviable as this Westchester County hamlet. Stately houses are set on spacious, hilly lots shaded by old trees; its village centre has gourmet restaurants and
      NYT  -  872 words
    • Article, Illustration
      Lock icon Institutional buyers snapping up US farmland
      541 29 About US$10b in pursuit of such property, says think-tank report Reuters [WASHINGTON] Institutional investors are buying up US farmland at a rapid rate, and their influence is starting to shift the types of crops grown and the way the land is managed. There is
      Reuters; PHOTO: AFP  -  541 words
    • Article
      Lock icon Development in Moulmein up for collective sale
      290 29 [SINGAPORE] Notwithstanding expectations of a quiet en bloc market this year, residents of a freehold Moulmein Road development have put the site up for sale by public tender. Their price: more than $40 million. CBRE is marketing 165-165Q Moulmein Road, a walk-up development
      290 words
    • Article, Illustration
      Lock icon Good Class Bungalow market starting to recover
      760 30 At least 6 transactions in GCB Areas since start of year, totalling about $170m ACTIVITY in the Good Class Bungalow market is starting to pick up with a few deals done recently. Along Margoliouth Road off Stevens Road, a two-sto-rey, old bungalow has
      760 words
    • Article
      Lock icon URA to launch map-based application
      194 30 [SINGAPORE] The Urban Redevelopment Authority has tapped Geographic Information System (GIS) technology to launch a new map-based application that will help users search for information to buy or lease a property, said Khaw Boon Wan, Minister for National Development, in his Housing Matters blog. Currently,
      194 words
    • Article
      Lock icon Owners of flooded UK homes face decline in property values
      584 30 About 5,800 homes are flooded in the wettest January since 1766 Bloomberg [LONDON] Homeowners in some of Britain’s wealthiest districts face a drop in property values and the prospect their homes may be uninsurable as record floods blight towns along
      Bloomberg  -  584 words
    • Article
      Lock icon Chinese ambitions for London’s derelict docks
      1231 31 Xu Weiping plans to turn Royal Albert Dock into trading hub for Chinese firms NYT [LONDON] Known for ambitious plans in China for business parks the size of cities, Xu Weiping has said that he cannot wait to start work on his first project
      NYT  -  1,231 words
  • Page 28 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      91 29 HDB SHOPHOUSE SHOP FOR SALE BY TENDER CLEMENTI CENTRAL JURONG GATEWAY •Strata Area: 2,668 sq ft •Balance term approx. 70 years •Near Jurong MRT Bus Interchange, JCube, Jem, Westgate, future hotels at Lakeside. Foreigners eligible, subject to HDB’s approval •Strata Area: 2,142 sq ft •Balance term approx. 65 years •Near
      91 words
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      Lock icon Page 29 Advertisements Column 2
      148 29 CONGRATULATIONS TO K Kulicke Soffa ON THE GRAND OPENING OF YOUR NEW HEADQUARTERS gt I S EM ■Hint lllIlH /Kufcte&Soffa 2^ mi 1" V UiCJ Hi *wr*4 ANOTHER BUILD-TO-SUIT PROJECT BY mapleiree industrial About Build-to-Suit Solutions Mapletree Industrial Trust provides Build-to-Suit solutions to companies who prefer customised industrial facilities without
      148 words
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      Lock icon Page 30 Advertisements Column 1
      440 30 For the outlook of 2014, long term capital continues to flow into Asia and the Gateway cities. Singapore 4 stars Hotel Opportunistic Investment in Residential bloc sale Strata Office Space Core Office Investment Grade B office building with 3.5% yield Grade A office building Value added Investment Retail Building with
      440 words
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      Lock icon Page 30 Advertisements Column 2
      132 30 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. 435.7
      132 words
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      177 31 ®5T CONVENIENTLY LOCATED Real value in a changing world 2-Storey factory with dual entrances Gross Floor Area: Approx. 39,795sq ft Lease Tenure: 30+30 yrs from 1 July 1999 (Bal 45 yrs) Business 2 Zoning Plot Ratio 1.4 10-ton crane, 2 hoists EOI Closing Date: 13 March 2014 (Thu), 3pm For
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