The Business Times, 27 February 2014

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Microfilm: NL32980
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, February 27, 2014
    25 words
  • Article, Illustration
    Lock icon Choppy equity markets push investors to bonds
    628 1  -  Small supply of new deals, stronger Sing among factors supporting bond market By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] Yield-hungry and risk-averse investors are buying up bonds as equity markets remain choppy. The Markit iBoxx SGD corporate total return index hit 106.09 on Feb
    FILE PHOTO; Source: Bloomberg  -  628 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,088.25 (-15.37) HST INDEX FUTURES 3,088.00 (-16.00) HSIMSCI 352.25 (-1.85) HSIMSCI FUTURES 352.00 (-2.60) US$ S$ US$ (S$ per US$) 1.265 (US$/S$ per 1.667 2.108 EURO (US$/S$/€ 1.374 1.737 Foreign currency per US$ S$ YEN 102.40 81.00 RM 3.276 2.591 HK$ 7.759 6.136 BAHT 32.57 25.75 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,822.55 -11.20 NIKKEI 225 14,970.97 -80.63 HANG SENG 22,437.44 +120.24 SET INDEX 1,304.62 +0.74 JAKARTA COMP 4,532.72 -44.57 MANILA COMP 6,322.60 +27.05 SEOUL COMP 1,970.77 +5.91 SHENZHEN B 817.77 +11.90 MUMBAI IND 20,986.99 +134.52 11am EST Change DOW 16,216.52 +36.86 NASDAQ 4,307.66 +20.07
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 JAPAN 14.741 TAIWAN 5.036 JAPAN CANADA KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
      21 words
  • Article, Illustration
    Lock icon Weaker January output raises questions about manufacturing recovery
    705 1  -  By KELLY TAY kellytay@sph.com.sg [SINGAPORE] What should we do with January? If economists had their way, they would wish the month away. Weaker-than-expected trade and industrial production figures in the first month of 2014 have divided private-sector economists, who are split on
    Source: Economic Development Board  -  705 words
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      88 1 OPINION Why procurement in Asia-Pac needs overhaul CORPORATE RESULTS Sembcorp Industries’ Q4 profit up 9.3% PAGE 10 HOCK LOCK SIEW More property privatisations to come? PAGE 6 BIOGAS PLANTS Generating electricity on chicken farms PAGE 20 PAGE 11 8 !l 8 ***** 11 *****4 Deutsche Bank db.com Global strength and
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      437 2 Choppy equity markets push investors to bonds YIELD hungry and risk averse investors are buying up bonds and sending the Markit iBoxx SGD corporates total return index to an all-time high. FRONT PAGE Weaker Jan output raises questions about recovery WEAKER-than-expected trade and industrial production figures in the
      437 words
    • Article, Illustration
      Lock icon LNG T2 likely to be similar in size as Jurong Island’s
      619 2  -  Sufficient capacity needed to meet Singapore’s future gas requirements By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] The Republic’s second LNG terminal which may be built in the east will likely be of “similar size” to the current Jurong Island facility to
      619 words
    • Article
      Lock icon Technical issue hits SGX webpage
      295 2  -  Page on corporate announcements up by 7.30pm yesterday By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] The corporate announcements page on the Singapore Exchange (SGX) website was down most of yesterday, coming at a critical juncture at the tail end of the corporate results reporting season. In response
      295 words
    • Article
      Lock icon Purchases of new homes in January climb to 5-year high
      402 4 Sales rise 9.6% to 468,000 annualised pace, the highest since July 2008 LATEST US DATA Bloomberg [WASHINGTON] Purchases of new US homes unexpectedly climbed in January to the highest level in more than five years, showing underlying strength in the
      Bloomberg  -  402 words
    • Article, Illustration
      Lock icon HK to further connect with mainland China
      835 4  -  By SHU-CHING JEAN CHEN in Hong Kong TO strengthen its position as the world’s largest offshore yuan business centre, Hong Kong has tabled financial initiatives to further connect with mainland China. Top among them are the scrapping of the stamp duty for the
      835 words
    • Article, Illustration
      Lock icon Thai govt to sell 20b baht of debt to fund rice subsidy
      765 4 Reuters AFP [BANGKOK] Thailand’s caretaker government plans to sell up to 20 billion baht (S$777.4 million) of short-term debt this week to help fund a controversial rice-buying scheme. The Finance Ministry’s Public Debt Management Office (PDMO) will auction
      Reuters; AFP; PHOTO: AFP  -  765 words
    • Article
      Lock icon Rising risks in emerging Asian markets: EY
      822 4  -  Changing landscape for cross-border disputes, crime cited By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Operating in emerging markets always entails risks, but EY believes that the changing landscape for cross-border disputes, bribery and corruption and cyber-crime is testing companies’ traditional compliance and governance models, especially
      822 words
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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
      333 words
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      49 3 THE TOUGHEST WOMEN IN GOLF RETURN TO ONE OF ASIA'S TOUGHEST COURSES HSBC <Z> Women's Champions 27 February-2 March 2014 Sentosa Golf Club a #HSBCw< I nensgolf Issued by The Hongkong and aWnghai Banking Corporation Limited, which is incorporated in the Hong Kong SAR with limited liability. www.hsbc.com.sg/womenagolf J
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Finance not exploiting technology: report
      713 5  -  Issues in behaviour, vision and culture need to be fixed: ACCA S’pore chief By MICHELLE QUAH michquah@sph.com.sg CHIEF financial officers (CFOs) and finance functions across companies around the world are not fully exploiting emerging technologies to better support their businesses, says a new report from
      713 words
    • Article
      Lock icon BOC Singapore sells 3b yuan ‘Lion City’ bonds
      571 5  -  Issuance three times subscribed on strong investor support By SIOW LI SEN lisen@sph.com.sg BANK of China’s (BOC) Singapore branch has sold three billion yuan (S$620 million) bonds, the largest yuan bond deal here as the Republic burnishes its offshore renminbi centre status.
      571 words
    • Article
      Lock icon More property privatisations to come?
      866 6  -  HOCK LOCK SIEW By CAI HAOXIANG haoxiang@sph.com.sg THE proposed privatisation of Singapore Land by parent United Industrial Corporation throws the spotlight on the depressed residential property development segment. While residential prices here have not corrected by that much, many developers have been steadily sold down
      866 words
    • Article, Illustration
      Lock icon SingHaiyi upbeat as it unveils third US acquisition
      628 6  -  Developer seeks approval today for share consolidation By KENNETH LIM kenlim@sph.com.sg PROPERTY developer SingHaiyi Group has set itself a post-consolidation target of 50 cents for its stock and move to the mainboard by this time next year, its chairman said as the
      628 words
    • Article
      Lock icon Weiye’s Q4 net profit up on robust sales
      310 6  -  By JACQUELYN CHEOK jaccheok@sph.com.sg WEIYE Holdings, a property developer in Henan and Hainan, China, has posted a 13.5 per cent increase in net profit attributable to owners to 46.6 million yuan (S$9.6 million) for the fourth quarter ended Dec 31, 2013 (Q4
      310 words
    • Article
      Lock icon Design Studio Q4 profit rises to $6.25m
      227 6  -  By NISHA RAMCHANDANI nishar@sph.com.sg FURNITURE manufacturer Design Studio Group’s net profit for the fourth quarter ended Dec 31 shot up to $6.25 million from $2.38 million previously. Revenue rose 17.9 per cent to $63.4 million, thanks to higher contributions from all segments, especially
      227 words
    • Article
      Lock icon Two offshore marine firms’ Q4 earnings hit record
      613 6  -  By LEE MEIXIAN leemx@sph.com.sg TWO offshore marine players announced record fourth-quarter earnings yesterday. Offshore support vessels (OSV) provider Nam Cheong reported a 43 per cent increase in net profit to a record 70.5 million ringgit (S$27.1 million), or earnings of 3.35 sen
      613 words
    • Article
      Lock icon Record revenue, lower net for CWT
      390 6  -  By LYNETTE KHOO lynkhoo@sph.com.sg CWT Limited achieved record revenue and gross profit for the full year ended Dec 31, 2013, but net profit dipped 2 per cent to $106 million. This was due to the absence this time round of a significant one-time gain
      390 words
    • Article
      Lock icon Sembcorp’s Q4 beats forecast
      520 10  -  Profit up 9.3% at $223m, thanks to utilities, marine engineering sectors By LISA LEE lisalcc@sph.com.sg SINGAPORE conglomerate Sembcorp Industries (SCI) posted a better-than-expect-ed 9.3 per cent year-on-year increase in fourth-quarter net profit to $223.8 million, on robust growth at both its utilities and marine engineering divisions.
      520 words
    • Article
      Lock icon Marginal rise in Venture’s Q4 net
      405 10  -  By RAPHAEL LIM raphlim@sph.com.sg GLOBAL technology company Venture Corporation posted marginally higher fourth-quarter net profit, while recording a larger jump in revenue. Net profit for the three months ended Dec 31, 2013, was $38 million, 0.1 per cent higher than the prior-year period. Profitability
      405 words
    • Article
      Lock icon Impairment dents Interra’s Q4
      280 10  -  By tsheena@sph.com.sg SHEENA TAN tsheena@sph.com.sg IMPAIRMENT charge took a toll on Interra Resources in what was otherwise a strong fourth quarter that saw revenue climbing 89 per cent to US$13.7 million and gross profit almost trebling to US$5.99 million. The oil and gas firm yesterday posted
      280 words
    • Article
      Lock icon CAO’s Q4 net dives 25.7% to US$13.5m
      391 10  -  By NISHA RAMCHANDANI nishar@sph.com.sg JET fuel trader China Aviation Oil (CAO) reported a 25.7 per cent year-on-year dive in net profit to US$13.5 million for the fourth quarter ended Dec 31, 2013, largely due to lower contributions from associates. Revenue edged some 1.2
      391 words
    • Article
      Lock icon HPL’s full-year earnings up 37%
      242 10  -  By NISHA RAMCHANDANI By nishar@sph.com.sg HOTEL Properties Limited’s (HPL) net profit for the 12 months ended Dec 31, 2013, jumped nearly 37 per cent year-on-year to $177.64 million. Revenue rose 27.5 per cent to $691.96 million, on the back of income recognition from the Tomlinson
      242 words
    • Article
      Lock icon Yanlord Q4 profit jumps 85%
      264 10  -  By RAPHAEL LIM raphlim@sph.com.sg YANLORD Land Group’s fourth quarter net profit leapt 85 per cent year on year, from higher fair value gains on investment properties. Net profit for the three months ended Dec 31, 2013, was 1.1 billion yuan (S$227.3 million) or 56.1 fen
      264 words
    • Article
      Lock icon Logistics facilities provider GLP leases more space to Vipshop
      261 10  -  By RAPHAEL LIM raphlim@sph.com.sg GLOBAL Logistic Properties (GLP) has leased 36,000 square metres of space to Vipshop, making the Chinese e-commerce company GLP’s third largest customer in China. Including the newly leased space in GLP Park Huangpi in Wuhan, Vipshop has
      261 words
    • Article
      Lock icon Advanced Hldgs Q4 net surges to $2.61m
      179 10  -  By NISHA RAMCHANDANI nishar@sph.com.sg ADVANCED Holdings’ net profit for the fourth quarter ended Dec 31, 2013, more than doubled to $2.61 million from $1.18 million for the previous corresponding quarter. Revenue climbed 18.4 per cent to $46.3 million, boosted by higher sales in
      179 words
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      321 5 President's f\ v Sciences. Technology Awards 2014 c v> PTA 2013 Winners Dr Ma Bin, Dr Su Jian, Prof Li Haizhou (Team Lead), Ms Aw Ai Ti, A*STAR PSA 2013 Winner Prof Yu Hao, NUS PSA 2013 Winner Prof Boris Luk’yanchuk, A*STAR MAKE A NOMINATION Their research has made an
      321 words
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      93 6 APOLOGY We, CRYOVIVA SINGAPORE PTE LTD, acknowledge that we have infringed the intellectual property rights of CORDLIFE GROUP LIMITED (“Cordlife”), through our trial and actual websites, which contained material and features copied from and/or similar to Cordlife’s website. We have since taken down both our websites and they are no
      93 words
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      129 7 SEAMLESS CLOUD FORTHE WORLD NTT Communications provides global enterprises with a broad suite of Information and Communication Technology (ICT) services—all powered by more than 140 data centres worldwide with network coverage in 196 countries/regions. Our Software-Defined Networking based comprehensive cloud services, make your migration process simple, and help you optimise
      129 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Fall in bank stocks drags STI lower
      668 8  -  Lacklustre session keeps market turnover low at 1.9 billion units worth $955 million STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent AFTER having risen 145 points from Feb 6 until Monday this week, the Straits Times Index (STI) yesterday fell for the second consecutive day,
      Source: Bloomberg  -  668 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Feb 26 VALUE CLOSE BT OB/OS 141.00 -47.00 BT CADI -*****.00 -47.00 BT 10-day MA -*****.00 +15.00 FTSE ST Mid Cap 712.17 -1.12 FTSE ST Small Cap 533.25 -0.55 FTSE ST All Share 751.20 -3.09 FTSE ST China Top 198.50 -0.40 FTSE ST China 226.78 -0.20 FTSE
      77 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 8 VOLUME AdvanceSCT 267,289,000 HanKore 147,355,000 Albedo 76,427,000 OEL 72,910,000 Blumont 58,501,000 Equation 56,620,000 Golden Agri 47,322,000 WE Hldgs 46,977,000 SingHaiyi 40,983,000 Charisma Energy 38,085,000 VALUE($) DBS Grp 81,224,838 UOB 52,270,430 SingTel 48,941,420 Wilmar 39,318,922 OCBC Bk 37,851,950 Keppel Corp 26,430,794 Golden Agri 25,987,604 Genting SP 25,018,995 JMH
      54 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 5 9 0 0 0 1 5 9 Manufacturing 37 58 40 7 9 9 44 67 49 Commerce 17 23 17 5 6 3 22 29 20 Tpt/Stor/Comms 11 19 8
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,724 24,724 51,225 51,225 Manufacturing 253,042 120,122 373,164 136,806 4,812 141,619 Commerce 82,218 233,916 316,134 73,779 18,146 91,925 Tpt/Stor/Comms 96,702 1,352 98,054 116,499 117 116,616 Finance 32,601 197 32,798 183,906 53 183,959 Construction 60,184 60,720
      121 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon First Resources
        441 8 Feb 26 close: S$2.23 DBS Group Research, Feb 26 FIRST Resources (FR) reported Q4 2013 net profit of US$64 million (+36 per cent y-o-y; +25 per cent q-o-q), excluding US$1 million of foreign exchange gains and US$30 million gains from biological assets revaluation. This was 33 per cent
        Source: Bloomberg  -  441 words
      • Article
        Lock icon Nam Cheong
        438 8  -  Compiled by JOYCE HOOI Feb 26 close: S$0.34 DMG Partners Research, Feb 26 NAM Cheong (NCL)’s FY2013 profit after tax and minority interests (Patmi) was RM205.6 million (S$79.5 million), including a one-off RM12.6 million tax writeback on deferred tax liabilities provisioned in FY2007-12, now no longer necessary. Core
        438 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.785 -0.030 CapitaLand 2.830 -0.010 CapitaMall 1.900 +0.010 CityDev 9.320 +0.110 ComfortDelGro 1.945 -0.010 DBS Grp 16.45 -0.240 GLP 2.800 -0.020 Genting SP 1.340 -0.015 Golden Agri 0.540 -0.015 HK Land 6.340 +0.040 HPH Trust US$ 0.630 JMH 55.50 -0.450 JSH
      112 words
    • Article, Illustration
      Lock icon Swedish krona falls on rate cut talk; US$ up
      483 8 CURRENCIES Reuters [LONDON] The Swedish krona fell against the euro yesterday after Riksbank policymakers said lower interest rates could be needed, while the US dollar edged higher ahead of testimony by Federal Reserve chair Janet Yellen today. The euro rose to
      Reuters; PHOTO: BLOOMBERG  -  483 words
    • Article
      Lock icon RISES
      114 8 BY CENTS CLOSE UP DBXT iBoxxUSTr 5US$ ***** 182.0 0.7 Lyxor ThaiSET 10US$ ***** 160.5 1.1 SPDRS S&P 500 10US$ ***** 126.4 0.5 DBXT iBoxxKR 5US$ ***** 101.1 0.5 DBXT AUD Bonds 5AU$ ***** 90.0 0.4 DBXT USDIGInfl 5US$ ***** 89.8 0.3 DBXT iBoxxSvEu 5US$ ***** 83.4 0.2 DBXT
      114 words
    • Article
      Lock icon FALLS
      127 8 BY CENTS CLOSE DOWN Jardine C&C 3701 -87.0 -2.3 JMH 5550 -56.9 -0.8 DBXT AUDCS 5US$ ***** -41.7 -0.2 JSH 3222 -25.3 -0.6 Lyxor Indonesia10US$ 8000 -25.3 -0.2 DBS Grp 1645 -24.0 -1.4 DBS Bk 4.7% NCPS 100 ***** -20.0 -0.2 UOB 2075 -14.0 -0.7 IS MSCI Spore 1269
      127 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      115 9 Th Best£Best Opening Exhibition at The James Christie Room Contact enquiryhk@christies.com +852 2760 1766 i 1 I s -V f/ V J ~>y- f -\v -v ■.-sSyiger' A CHU TEH-CHUN (ZHU DEQUN, French/Chinese, B. 1920) Atmosphere bleu III oil on canvas 36% x 25% in. (92 x 65 cm.) Painted
      115 words
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      126 10 Gain A CCE|S TO ft WORD* OF EXCISING TRftVEL IDEAS And DEALS! ft ev o*S R-SS? p DOWNLOAD the S8TmV nOW! S 1 Brought to you by SPH, the easy-to-use sgtravellers app spins more exciting travel yarns with its new Luxe Travel chapter featuring stories and pictures as never seen
      126 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Anaergia Asia to manage two biogas plants on chicken farms
      791 11  -  Plants, now being built, expected to generate 50 GWh of electricity per year By GRACE LEONG gleong@sph.com.sg IUT Global, Singapore’s first biogas plant established in 2008, had been set on gathering the vast amounts of untreated food waste generated here,
      PHOTO: ARTHUR LEE  -  791 words
    • Article
      Lock icon NUSS’ new Guild House to officially open on March 7
      343 11  -  B Y JAIRA KOH jairakoh@sph.com.sg THE National University of Singapore Society (NUSS) will officially open its new Suntec City Guild House on March 7. The new premises, which have been open since Dec 7, offer a bar, bistro and function
      343 words
    • Article
      Lock icon SCCCI gives 3 ‘i’s advice to enhancing SME productivity
      331 11  -  They can make great Impact with Initiative and Innovative spirit By GOH KANG SHIONG gohkangs@sph.com.sg SMALL and medium-sized enterprises (SMEs) looking to draw up productivity-en-hancing plans were offered a mnemonic at a conference this week: Remember the three “I”s for Initiative,
      331 words
    • Article
      Lock icon Fund manager Fullerton opens London office
      192 11 Re uters [LONDON] Singapore fund management arm, Fullerton, is to open an office in London to build up its business with European investors, Britain’s finance ministry said on Tuesday. Fullerton Fund Management, which specialises in Asian and emerging markets and manages about S$12 billion
      Reuters  -  192 words
    • Article
      Lock icon Traditional business culture here hampers flexiwork: poll
      371 11  -  By ANGELA TAN angelat@sph.com.sg MANAGEMENT’S concerns over productivity is the biggest barrier to introducing flexible working arrangement, the 2013/14 Randstad World of Work Report highlighted yesterday. The report revealed that more than half (55 per cent) of employers admit that their organisation’s performance
      371 words
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      14 11 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices i_CLA/FEB1 1/g
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      34 11 CATCH THE COMEDY LEGEND AHEAD OF MONTY PYTHON’S SOLD-OUT REUNION TOUR IN LONDON! $188, $158, $128, $98 (excluding S$ 3 SISTIC booking fee) TICKETS SISTIC.COM.SG (65) 6348-5555 PRODUCED BY: UK ABP ADRIAN BOHM PRESENTS
      34 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Selangor, Putrajaya end deadlock over water
      489 12  -  By PAULINE NG in Kuala Lumpur THE impasse between Malaysia’s Selangor state and the federal government over water appears to have ended, following yesterday’s signing of a memorandum of understanding (MOU) which gives the op-position-run state control over the water supply and Putrajaya, the
      489 words
    • Article
      Lock icon Adaro Energy sells 35% stake in Servo Meda
      156 12 Reuters [JAKARTA] Indonesian coal producer Adaro Energy has sold 35 per cent of its stake in PT Servo Meda Sejahtera for US$25.13 million, the company said. Servo Meda, which provides integrated coal logistic services in South Sumatra, was sold to PT Perusahaan
      Reuters  -  156 words
    • Article, Illustration
      Lock icon AirAsia X posts net loss of RM88m for 2013
      482 12  -  Stock price falls 8% after minority shareholders dump their shares By S JAYASANKARAN in Kuala Lumpur TONY Fernandes should have consulted his accountants before blasting Malaysia Airlines (MAS) for posting a RM1.2 billion (S$463.5 million) loss on the “back of taxpayers”.
      PHOTO: BLOOMBERG  -  482 words
    • Article
      Lock icon Retail sukuk to broaden appeal of Islamic finance
      730 12 Reuters [SYDNEY] Issues of Islamic bonds targeting retail investors in Indonesia, Malaysia and Pakistan could broaden the appeal of Syar-ia-compliant financial products, create a more active investor base and convince more companies to raise funds with sukuk. Last year saw the first-ever
      Reuters  -  730 words
    • Article
      Lock icon Indonesia bourse sets tin price to help firms
      734 12 Bloomberg [JAKARTA] The only bourse allowed to trade tin for export from Indonesia, the world’s biggest exporter, is setting a weekly minimum price for physical contracts to protect mining companies against market fluctuations. The tin committee at the Indonesia Commodity and Derivatives
      Bloomberg  -  734 words
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      63 12 CORPORATE WHO'S WHO SPECIAL FEATURE THE STRAITS TIMES 3 MARCH 2014 (MON) r n i. as Mill* 1 THE BUSINESS TIMES 28 FEBRUARY 2014 (FRI) mL A > r* v. i w till JL 5.S Keep in touch with the latest developments in the oil and gas industry with our
      63 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Shanghai FTZ to liberalise interest rates for foreign currency accounts
      272 13 Move will primarily benefit smaller customers Reuters [SHANGHAI] China will completely liberalise interest rates offered on smaller foreign currency accounts in the Shanghai free trade zone (FTZ), the central bank said yesterday. The People’s Bank of China (PBOC) will abolish
      – Reuters; PHOTO: BLOOMBERG  -  272 words
    • Article
      Lock icon HSBC completes cross-border yuan settlement in Shanghai zone
      202 13 Reuters [HONG KONG] HSBC said yesterday it had completed a cross-border yuan settlement for an individual customer in the Shanghai free trade zone, the first bank to announce such a transaction made under a pilot project in the area. Last Thursday, the
      Reuters  -  202 words
    • Article, Illustration
      Lock icon China’s financial stress gauges triggering alarm bells
      924 13 Bloom berg [SINGAPORE] China’s cred-it-market gauges are triggering alarm bells, as banks grow cautious in lending to each other while investors prefer the safest government bonds. The spread between the two-year sovereign yield and the similar-maturity in-terest-rate swap, a gauge of financial stress,
      Bloomberg; PHOTO: BLOOMBERG  -  924 words
    • Article
      Lock icon India blocks US probes into trade policies
      617 13 New Delhi is ready for fight at WTO; move could further strain bilateral ties Reuters [NEW DELHI] India has decided to block investigations by the United States into its trade policies and patent laws and prepare for a battle at the World Trade
      Reuters  -  617 words
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      217 13 itshow.sg/about Get the latest updates on fb.com/comexITshow 2014 27 Feb 2 Mar Sands Levels 1 B2 12pm 9pm daily Marina Bay WIN over $30,000 worth of Cash and Gadgets! (For every $100 spent or deposit placed, you get 1 chance to win. Terms and conditions apply) THE BIGGEST SHOWCASEOF I.T.
      217 words
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  • WORLD
    • Article, Illustration
      Lock icon Ire and hope for Bitcoin after trading site fails
      878 14 Mt Gox users fear for their money; others see inevitable move to regulatory control NYT [NEW YORK] The apparent collapse of Bitcoin’s bestknown and once-dominant trading platform has provoked outrage among its users, but it has also stirred hopes that the
      NYT; PHOTO: BLOOMBERG  -  878 words
    • Article
      Lock icon Japan probing bitcoin exchange after reported theft
      565 14 AFP [TOKYO] Japanese authorities were yesterday probing the troubled Mt Gox bitcoin exchange after claims of a multi-million dollar theft from its digital vaults, as US prosecutors reportedly served a subpoena on the company. The moves came the day after the website of
      AFP  -  565 words
    • Article
      Lock icon BOE planning to relax rules for non-EU lenders
      564 14 Policy reversal in bid to bolster London’s role as financial hub Reuters [LONDON] Britain’s central bank set lighter conditions yesterday for branches of Chinese and other non-Eu-ropean investment banks as part of efforts to bolster London’s role as a financial centre. The
      Reuters  -  564 words
    • Article
      Lock icon Investors mount fight against Norway in oil, gas row
      738 14 They are defending revenue, projects valued at US$20b Bloomberg [OSLO] Allianz, Abu Dhabi’s wealth fund and firms including Statoil have mounted a multi-pronged battle against Norway to defend revenue and oil- and gas-industry projects valued at US$20 billion. Owners in gas
      Bloomberg  -  738 words
    • Article, Illustration
      Lock icon Accounting twist allows US banks to avert bond losses
      719 16 They are seeking to protect themselves from a weakening of their capital Bloomberg [NEW YORK] JPMorgan Chase and Wells Fargo are leading a shift in how banks account for their bond investments after a US$44 billion plunge in value exposed a
      Bloomberg; PHOTO: AFP  -  719 words
    • Article
      Lock icon Morgan Stanley could pay US$275m to settle SEC probe
      298 16 Reuters [NEW YORK] Morgan Stanley has reached a US$275 million proposed settlement with the US Securities and Exchange Commission (SEC) that would allow the Wall Street bank to move past a substantial legal overhang from the financial crisis. Morgan Stanley said
      Reuters  -  298 words
    • Article
      Lock icon Stolen credentials for sale on black markets
      600 16 Reuters [BOSTON] A cybersecurity firm said on Tuesday that it uncovered stolen credentials from some 360 million accounts that are available for sale on cyber black markets, though it is unsure where they came from or what they can be used to access.
      Reuters  -  600 words
    • Article, Illustration
      Lock icon Independent luxury watchmakers innovate
      606 16 They are strategising how to ride out a stagnant market NYT [NEW YORK] Vincent Perriard is betting on innovation; Christophe Claret is shifting down-market; Sylvère Demonsais is gearing up production; and Pierre Jacques is gearing down. “Whatever works” could be this year’s motto for Switzerland’s independent
      NYT; PHOTO: REUTERS  -  606 words
    • Article
      Lock icon EU agrees on curbs on fund managers’ pay
      347 16 Reu ters [BRUSSELS] EU lawmakers and member states have agreed on curbs on fund managers’ pay, similar to new rules for bankers, including a three-year deferral of 40 per cent of bonuses, legislation that could be in place next year. The rules
      Reuters  -  347 words
    • Article
      Lock icon Private equity investors eye southern Europe
      710 17 Many cash-rich funds are heading to Spain and Italy as reforms take hold Reuters [BERLIN] Private equity investors sitting on a record amount of cash are poised to leap into southern Europe after shunning the region for years, hoping to benefit from an economic
      Reuters  -  710 words
    • Article
      Lock icon 7 in 10 investors to invest in equities: survey
      222 17 Reuters [LONDON] Global investors plan to buy more equities this year in the hunt for higher returns, a survey showed yesterday, although some fear they could be crimped by increased taxes, rising inflation and a slowdown in the economic recovery. While
      Reuters  -  222 words
    • Article
      Lock icon BOA discloses new probes; raises gauge of legal losses
      403 17 Bloomberg [NEW YORK] Bank of America Corp, the second-big-gest US lender, disclosed new probes into its mortgage and foreign-exchange businesses and boosted an estimate of potential legal losses by 20 per cent to US$6.1 billion. The developments were reported in an
      Bloomberg  -  403 words
    • Article, Illustration
      Lock icon Spain sees higher growth, jobless burden
      656 17 Measures to overhaul tax system will boost growth and job creation: Rajoy AFP [MADRID] Spain has raised its growth forecast and announced tax cuts and new job creation incentives, but warned of the lingering burden of painfully high unemployment. Prime Minister Mariano Rajoy told
      AFP; PHOTO: AFP  -  656 words
    • Article, Illustration
      Lock icon Ukraine may miss out on crucial gas deals
      874 18 Civil unrest seen having a dampening effect on future shale exploration Bloomberg [LONDON] Ukraine, reeling from months-long violence which toppled its former leader over the weekend, could find itself missing out on lucrative gas deals from some of the world’s largest oil
      Bloomberg; PHOTO: BLOOMBERG  -  874 words
    • Article, Illustration
      Lock icon 18 firms to stop answering analyst surveys
      321 18 Reuters [NEW YORK] Eighteen brokerages, including Goldman Sachs, JPMorgan Chase and Citigroup, have agreed to end their participation in analyst survey programmes as a result of the New York Attorney General’s investigation into the early release of Wall Street analyst sentiment. The agreement
      Reuters  -  321 words
    • Article
      Lock icon Banks told to watch for fund transfers by Yanukovich
      195 18 Re uters [WASHINGTON] The US Treasury has warned banks to be on the lookout for potentially suspicious transfers of financial assets by Ukraine’s fugitive president Viktor Yanukovich or members of his inner circle. Mr Yanukovich is on the run after being
      Reuters  -  195 words
    • Article
      Lock icon Goldman mulls investing in major Japan airport
      661 18 Reuters [TOKYO] Goldman Sachs Group Inc is considering putting money into a major Japanese airport, the latest foreign investor to eye infrastructure projects as Prime Minister Shinzo Abe seeks to open up the market. The US bank may invest in New Kansai International
      Reuters  -  661 words
    • Article, Illustration
      Lock icon Britain’s economy expands 0.7% in Q4
      619 19 Growth driven by boost in business investment, gain in net trade Reuters [LONDON] Britain’s economic recovery broadened in the last three months of 2013, driven by a pick-up in business investment and trade that will hearten the Bank of England (BOE) and the government.
      Reuters; PHOTO: REUTERS  -  619 words
    • Article
      Lock icon Credit Suisse helped clients evade US taxes
      472 19 Senate report raps Swiss bank for not disciplining execs Bloomberg [NEWARK] Credit Suisse Group AG helped American customers hide as much as US$10 billion in assets from the Internal Revenue Service (IRS), more than double the amount previously known, according to a US
      Bloomberg  -  472 words
    • BRIEFING
      • Article
        Lock icon HSBC sells its bank in Kazakhstan for US$176m
        79 19 Reuters [LONDON] HSBC has sold its bank in Kazakhstan to the country’s second biggest lender, Halyk Bank, for US$176 million in cash, continuing a retreat from countries that are unprofitable or where it lacks scale. HSBC chief executive Stuart Gulliver has sold
        Reuters  -  79 words
      • Article
        Lock icon UK watchdog fines Forex Capital Markets £4m
        83 19 Bloomberg [LONDON] Britain’s markets watchdog fined Forex Capital Markets Ltd £4 million (S$8.4 million) for failing to pay out trading profits earned by UK customers. The group withheld retail clients’ profits of about £6 million between 2006 and 2010, while passing on losses
        Bloomberg  -  83 words
      • Article
        Lock icon GE to take US$1b charge in Shinsei Bank accord
        84 19 Bloomberg [TOKYO] General Electric (GE) will take a US$1 billion charge after agreeing with Shinsei Bank to conclude an obligation to compensate the Japanese lender for refunds made to customers on excess interest payments. The agreement provides for GE Capital Corp
        Bloomberg  -  84 words
      • Article
        Lock icon True in talks to start Myanmar mobile service
        72 19 Reuters [BANGKOK] Thailand’s True Corp is in talks with Myanmar’s Yatanarpon Teleport (YTP) on jointly starting mobile phone operations in Myanmar, a senior True executive said yesterday. “We are in the process of negotiating with YTP. If successful, we need to seek
        Reuters  -  72 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      31 14 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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      38 14 I WANTED TO BE A SCIENTIST Music maestro A.R. Rahman talks about his dreams and plans INTEGRATION LESSONS AT INDIAN INTERNATIONAL SCHOOLS GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      5731 15 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as defined below) are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own financial advice immediately from their stockbroker, bank manager, solicitor, accountant or
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  • Page 16 Advertisements
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      852 16 LEEUWIN HOLDINGS LTD Business Company Number: *****1 IN VOLUNTARY LIQUIDATION Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004 (as amended), the voluntary liquidation of Leeuwin Holdings Ltd commenced on 20th February 2014 and that Alison Watson of 21 Collyer Quay #19-01 HSBC
      852 words
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      318 17 KATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices THE MONETARY AUTHORITY OF SINGAPORE RESULTS OF AUCTION OF TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TO BE ISSUED ON 03 MARCH 2014 Tenor Total Amount Allotted Amount Allotted to Non-Competitive Applications Amount Allotted to MAS Total Amount Applied Coupon Rate Cut-off Yield Price
      318 words
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      Lock icon Page 17 Advertisements Column 2
      140 17 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SEQUOIA TRUST PTE LTD (In Members’ Voluntary Liquidation) Reg No. *****2100H NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the abovenamed
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  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      151 18 SHARElNVESTOR.com The Pulse Of Trading DRAW 'fortune race luck The winning horse is Big Show (BiSS)! w Congratulations to all our lucky draw winners! 1 st Prize: Tan Wei Teck S$1088 2 nd Prize: Soh Loke Ghee S$588 3 rd Prize: Yap Xue Liang S$288 4 th Prize: S$88 x
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      Lock icon Page 18 Advertisements Column 2
      51 18 HOT PROPERTY $20Kneg 4800/5800snff l taCh 5+1 Mrt/Park. Qft Lap P° o1 BRAND NEW civtu S+I S 0u/e? U 2?’ IW Es ”''ite e PooUxpats wSV 0t Pte CENTRAL HOUSES FOR RENT Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT-SELL IT-FIND
      51 words
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      109 18 IFBO 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
      109 words
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      163 19 SME 101: MARKETING BOOTCAMP Marketing strategies for SMEs using video, social media and mobile phones ONLINE REGISTRATION ONLY Tickets can only be purchased via our online registration page using credit cards. REGISTER HERE: www.stjobs.sg/bootcamp 27 28 MARCH 2014 For enquiries, please email customercare@stjobs.sg or call 1800 6978 701 during office
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  • EDITORIAL & OPINION
    • Article
      Lock icon LNG push for energy security, opportunities
      495 20 EDITORIAL SINGAPORE’S decision, as confirmed by Prime Minister Lee Hsien Loong, to build a second LNG terminal, even as it continues to expand the Singapore LNG (SLNG) facility on Jurong Island bodes well for the Republic, from the standpoint of both energy security and
      495 words
    • Article
      Lock icon It’s time to bail out our schools, not our firms
      786 20  -  THE BOTTOM LINE By FRANK-JÜRGEN RICHTER The writer is founder and chairman ofHorasis, a global visions community A MYRIAD of industries, social systems, and services are ready for the 21st century. Across the world, billions of dollars have been spent
      786 words
    • Article, Illustration
      Lock icon Why procurement in Asia-Pac needs overhaul
      1332 20  -  Best players can achieve 2% gain in margins by bolstering their procurement operations By FRANCESCO CIGALA GERRY MATTIOS The writers are respectively a Bain Company partner based in Kuala Lumpur and a Bain Company principal based in Beijing. Both are members of the firm’s
      PHOTO: BLOOMBERG  -  1,332 words
    • Article, Illustration
      Lock icon FinTech – finance meets technology
      895 21  - FinTech finance meets technology it makes perfect sense to support FinTech in Singapore, an established finance centre at the forefront of technology By TAN CHING NE, JONATHAN RAGSDALE The writers are respectively corporate tax partner (with a focus on R&D) and senior corporate tax manager at PwC Singapore T the
      PHOTO: BLOOMBERG  -  895 words
    • Article, Illustration
      Lock icon Mega Internet deals changing the meaning of work in US
      942 21  -  By WILLIAM D COHAN The writer author of the forthcoming book ‘The Price of Silence: The Duke Lacrosse Scandal, the Power of the Elite, and the Corruption of Our Great Universities’ was formerly an investment banker at Lazard Freres, Merrill
      Bloomberg; PHOTO: REUTERS  -  942 words
    • Article
      Lock icon ECB needs to make a clean sweep
      912 21  -  By HUGO DIXON &SH REUTERS BREAKINGVIEWS A LOT is riding on the clean-up of eurozone lenders being overseen by the European Central Bank (ECB). The progress so far is encouraging. But clarity is needed on a few points to ensure that lenders really
      &SH REUTERS BREAKINGVIEWS  -  912 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Asiana fined over tardy aid to victims’ families
      561 22 US slaps it with US$500K fine; some families not informed for up to 5 days AFP [LOS ANGELES] US aviation authorities have fined South Korea’s Asiana Airlines US$500,000 over last year’s deadly San Francisco air crash for failing to properly help families
      AFP; PHOTO: REUTERS  -  561 words
    • Article
      Lock icon TRANSPORT STOCKS
      247 22 SGX '000 Feb 26 S$ +/-Vol Ch Offshore 0.41 -0.01 92 Chuan Hup Hldg 0.26 -0.01 160 Cosco Corp 0.69 -0.01 1015 Cwt Limited................1.31 -0.01 154 First Ship Lea unch unch 0 Grand Banks 0.22 unch 3 Jaya Hold Ltd K1Ventures Chuan Hup Hldg.. Keppel Corp 10.43 unch
      247 words
    • Article
      Lock icon Airbus profit rises, increases plane output
      742 22 Net profit up 22% after charges for A350, restructuring Reu ters [TOULOUSE, France] Airbus announced a hike in jetliner production as it unveiled higher 2013 profits, clouded by cautious forecasts for the coming year and fresh charges for its newest A350 model. Europe’s largest
      Reuters  -  742 words
    • Article, Illustration
      Lock icon Airbus faces battles over A330’s future
      855 22 Reuters [PARIS] As Airbus races through flight testing of its newest plane, the next-gen-eration A350, Europe’s planemaker faces growing battles to secure a future for the A330, until now its only truly lucrative wide-body jet. Twenty years after it entered service, the 250- to
      Reuters; FILE PHOTO  -  855 words
    • Article
      Lock icon Seven sailors injured in India submarine accident
      197 22 AFP [MUMBAI] Seven Indian sailors were injured in an accident on a submarine off Mumbai yesterday, the navy said, with reports of another two missing in the latest incident to hit the force. The seven sailors suffered smoke inhalation and were airlifted from
      AFP  -  197 words
  • Page 22 Advertisements
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      324 22 CRYPTIC CROSSWORD Across 1 Sherpa working around centre of Annapurna, maybe (7) 5 Greek character, with time, taking maiden in fantasy (7) 9 Improper for a teetotaller to swallow punch (9) 10 Starts to skipper an impressive little ship? (5) 11 Nutcase in a cult, barking (7) 12 Minor test
      324 words
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  • Article
    Lock icon Shipping Times
    1334 23 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M VESSEL VOY SIN NOU SUVA AKL BUS MOTHER VESSEL NOU SUVA
    1,334 words
  • Page 23 Advertisements
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      63 23 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
      63 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3033 24 Transaction date: Feb 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 14 11 8Telecom Vol Day Last Quote Div Gr Yld Net M Cap 181.6 102.4 AIMSAMPIReit 135.5 -1.5 1407 136.5
      3,033 words
    • Article
      Lock icon SGX CATALIST
      269 25 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
      269 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11381 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.18/ Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** Asian Smaller Cos! China Opportunities' 1.84b 7/ 2 6466/ EM Local Ccy Bond .0 8819/ European Opportunities!" 1.3289/
      11,381 words
    • Article
      Lock icon GLOBALQUOTE
      249 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 52 35.5 Genting HK US$ US40 -0.5 6497 40.5 39.5 39.5 40 2633.8 Vol 318 191 TanChongInt HK301 +7 51 301 301 296 301 4.3 2.3
      249 words
    • Article
      Lock icon SGX ETF
      1135 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.2 +2.9 113.2 113.2 112.5 114 516.7 143 119 CIMB APAC Div 100S$D 123.9 +0.4 123.9 123.9 123.3 124.6 114.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      677 26 Feb 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.49 *****.53 *****.49 Mar14 *****.00 *****.00 *****.00 *****.00 *****4 *****8 Jun14 *****.00 *****.00 *****.00 *****.00 297 8398 MSCI TAIWAN INDEX FUTURES SPOT 299.63 302.36 299.61 Feb14 300.70 302.70 299.00 301.74 *****6 ***** Mar14 301.10
      677 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Feb 25 Index Change Change Change Change Change Change World Preliminary 1191.1 0.2 0.6 0.1 0.7 0.2 0.7 EAFE Preliminary 960.9 0.2 0.5 0.2 1.2 0.4 1.2 Europe Preliminary 1388.5 -0.1 2.5
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Feb 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.999 5.525 0.656 6.995 55.856 105.008 0.923 9.605 2.953 1.082 94.645 40.209 1.140 9.686 0.801 27.335 29.359 0.541 0.902 Canada 1.001 5.531
      471 words
    • Article
      Lock icon SIBOR
      34 26 Feb 26 (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
      86 26 Feb 26 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 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.59 5-Year NX*****W 2.5 01-Jun-19 105.42 105.45 105.38 10-Year NX*****H
      86 words
    • Article
      Lock icon PRECIOUS METALS
      135 26 Feb 26 GOLD(US$/oz) Feb 26 Feb 25 Hong Kong 1347.00 1338.00 Feb 25 Feb 24 London 1340.63 1338.20 1341.27 1338.65 Source: Thomson Reuters CAST BAR Feb 26 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 123 54 5gm 348 272 10gm 622 544
      135 words
    • Article
      Lock icon PALM OIL
      57 26 Feb 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2749.0 2830.0 2840.0 2745.0 293 2294 Apr 14 2746.0 2829.0 2836.0 2735.0 5113 ***** May 14 2727.0 2810.0 2818.0 2721.0 ***** ***** Jun 14 2709.0 2781.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Feb 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1393 1.1408 0.9013 0.9018 Canadian dollar 1.1410 1.1419 0.9027 0.9026 Euro 1.7364 1.7380 1.3736 1.3739 NZ dollar 1.0530 1.0544 0.8330 0.8335 Sterling pound 2.1067 2.1084 1.6666 1.6667
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Feb 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.163 1.108 Can dollar 1.161 1.117 Euro 1.778 1.694 Sterling pound 2.148 2.066 NZ dollar 1.078 1.037 US dollar 1.290 1.229 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      161 26 Feb 26 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.07 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
      161 words
    • Article
      Lock icon CHICAGO BOT
      109 26 Feb 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1399.00 1386.50 1400.00 1377.00 May 14 1387.25 1375.00 1388.50 1365.75 Jul 14 1370.00 1358.25 1371.25 1349.50 Aug 14 1320.50 1311.00 1322.50 1304.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
      109 words
    • Article
      Lock icon LIFFE
      94 26 Feb 25 COCOA (£/tonne) Close Prev High Low Mar 14 1810 1840 1836 1790 May 14 1821 1846 1842 1801 Jul 14 1820 1842 1839 1800 Sep 14 1815 1835 1829 1794 COFFEE(US$/tonne) Close Prev High Low Mar 14 2038 2024 2050 2003 May 14 2017 2003 2030 1978
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1210 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 .................0.2 halt 1 123 159 237.50 3 Acma Ltd W*****7 Prem Disc Ascendas Reit MB ECW*****3 2.9 0.2 240 1 Ascendas Reit MB eCW*****1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Feb 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.91 -0.67 WTI (Near Mth) 101.99 -0.98 Dubai (1-Mth F) 106.17 0.21 Tapis blend 114.39 0.45 Minas 108.49 0.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.06 1.23 Jet Kerosene 123.99 -0.09 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Feb 26 S$ Bid Offer 1-month 1.2641 1.2650 2-months 1.2641 1.2650 3-months 1.2640 1.2649 6-months 1.2638 1.2647 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 26 Feb-25 Feb-25 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1725.75 1718.50 3 months 1771.00 1762.00 Copper, Grade A(US$/tonne) Cash 7134.00 7134.00 3 months 7064.50 7077.00 Lead(US$/tonne) Cash 2098.75 2111.25 3 months 2120.00 2132.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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  • PROPERTY
    • Article, Illustration
      Lock icon Is it game over for Sochi’s Winter Olympics resort?
      912 27 Russia grapples with trying to make back the billions spent on the Winter Olympics Reuters [ROSA KHUTOR, Russia] Stanislav Kuznetsov has a headache like no other: it measures 780,000 square metres and covers a large expanse of Russian mountainside. The Gorky
      Reuters; PHOTO: REUTERS  -  912 words
    • Article
      Lock icon Househunt
      695 27 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN JAN 15 AND 21, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 17/01/2014 99 614 1438 2344 V On Shenton
      695 words
    • Article
      Lock icon Israel property investors not deterred by IMF
      469 27 Bloomberg [JERUSALEM] Investors in Israel’s real estate market are brushing off the International Monetary Fund’s warning of a possible housing bust. Africa Israel Residences Ltd has risen 3.3 per cent in the two weeks since the IMF raised the alarm, compared with the
      Bloomberg  -  469 words
    • Article, Illustration
      Lock icon Londoners at odds over restoration
      1315 28 Future of Smithfield pits big, global money against local conservationists NYT [LONDON] Trying to renovate a Victorian market and tack on some offices hip enough for Google in the oldest part of this ancient city is not a task for the weak of heart. Just
      NYT; PHOTO: ANDREW TESTA/THE NEW YORK TIMES  -  1,315 words
    • Article
      Lock icon First-time London homebuyers up 33%
      169 28 Bloomberg [LONDON] The number of first-time London homebuyers climbed 33 per cent in the fourth quarter compared with a year earlier as a recovering economy and government assistance boosted mortgage lending. Home-loan borrowers rose to 13,400 from 10,100 a year earlier, the Council of Mortgage
      Bloomberg  -  169 words
    • Article, Illustration
      Lock icon China rental biz drives second-home sales
      1678 29 Beijing-based Tujia cashes in on idle homes by renting them for short stay Bloomberg [BEIJING] Wu Junhua had been allowing her investment, a furnished onebedroom apartment in the lake city of Hangzhou, to sit empty for a year until she found a solution: China’s
      Bloomberg; PHOTO: REUTERS  -  1,678 words
    • Article
      Lock icon Thailand’s homebuilders face tough times as crisis drags on
      659 30 New project launches are expected to drop 30% this year Reuters [BANGKOK] Political unrest and an over-supplied US$20 billion real estate market in Thailand are the latest challenges threatening developers who are cancelling new launches in the hopes of staving off
      Reuters  -  659 words
    • Article, Illustration
      Lock icon Chinese developers increase promotions for projects
      1024 30 Move suggests spread of slowdown in property prices Reuters [HONG KONG] Chinese property developers are stepping up the use of sales promotions for some suburban housing projects, an early sign that a slowdown in property prices that spooked investors this week may be spreading.
      Reuters; PHOTO: REUTERS  -  1,024 words
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      Lock icon UEM Sunrise CEO Wan Abdullah dies
      130 30 [KUALA LUMPUR] The managing director and chief executive officer of Malaysian property company UEM Sunrise, Wan Abdullah Wan Ibrahim, has died, the company announced in a statement yesterday, according to a Bernama report. He was 56. Mr Wan Abdullah, who had been on medical
      130 words
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      Lock icon Indian billionaire Uday Kotak’s property fund to raise US$200m
      577 30 It will invest in residential markets in India’s top cities Bloomberg [SINGAPORE] Kotak Investment Advisors Ltd, which manages US$1 billion in real estate assets, plans to raise US$200 million for a private equity fund that will invest in residential properties in
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      Lock icon China unlikely to see sharp correction in property prices
      391 30 Reuters [BEIJING] China’s property market is likely to see at most a moderate correction in prices in some small cities this year, according to a Reuters straw poll of 13 industry watchers this week, with a very slim chance of a
      Reuters  -  391 words
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      Lock icon Singles fall for Japan apartment fraud
      283 30 AFP [TOKYO] A group of singletons in Japan who claim that they were tricked into buying apartments by real estate agents feigning a romantic interest in them launched legal action yesterday. Two men and 10 women, all in their 30s or early 40s, filed
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      577 28 www.joneslanglasalle.com.au/properties Landmark mixed use development opportunity Civic Triangle, South Perth, Western Australia FOR SALE The City of South Perth’s Civic Triangle is one of the most significant development sites to be offered in recent years. This unique property has numerous attributes and provides an opportunity to develop a landmark building
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      131 29 MOULMEIN ROAD FREEHOLD RESIDENTIAL REDEVELOPMENT SITE SHREWSBURY RD SUBJECT PROPERTY Prime District 11 site for sale Across the road from Novena MRT Station, Velocity Novena Square Square 2 shopping centres Across the road from the future Health City Novena (Singapore’s largest single integrated healthcare complex*) Approx 300m to United Square
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      72 29 KnightFrank.com.sg Chin Bee Food Factory For Sale A purpose built part 3 part single factory on rectangular shape land 5 mins drive to Boon Lay MRT and easily accessible via AYE PIE LandArea Approx. 4,607 sm (49,596 sf) Gross Floor Area Approx. 2,650 sm (28,533 sf) Zoning Business 2 Tenure
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      310 29 OPPORTUNITY FOR JOINT VENTURE (Other Proposals Welcome) PRIME CBD COMMERCIAL BUILDING REDEVELOPMENT SITE Expression Of Interest (EOI): Closing 18th March 2014, 4pm (Tuesday) Rare 9-storey commercial building with basement car-park along North Bridge Road in the heart of Singapore's civic cultural district 999 years leasehold tenure Site Area Approx. 436.7
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