The Business Times, 8 March 2014

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Total Pages: 41
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg MARCH 8-9, 2014 S$1.00| MCI (P) 086/08/2013 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article
    Lock icon Investors in China solar energy firms feeling the heat
    765 1  -  Chaori defaults on domestic bond; Suntech in Chapter 15 restructuring in the US By Lynette Khoo lynkhoo@sph.com.sg Singapore THE woes of Chinese solar players, as exemplified by the domestic bond default by Shanghai Chaori Solar Energy yesterday, are not unfamiliar to
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  • Article
    Lock icon Govt needs should not drive strategies of GIC, Temasek
    710 1  -  SWFs must continue to invest with aim of achieving ‘good, risk-adjusted returns over the long term’: Josephine Teo By Kelly Tay kellytay@sph.com.sg Singapore GIC and Temasek Holdings should not take on more risk to generate higher returns for increased government spending,
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      Lock icon Page 1 Advertisements Column 1
      29 1 www. usinesstimes.com. MOTORING Audi's super saloon l15 Celebratingw men As we celebrate womanhood on International Women’s Day today, We bring you some voices from The Business Times’ newsroom 7
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      21 1 WEALTH Dotcom firms’ IPOs more muted 28-29 the raffles conversation MOLECULAR GENETICS PIONEER SYDNEY BRENNER 8-9 LIVING Adventures in Ecuador L2-5
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  • TOP STORIES
    • Article
      Lock icon AHPETC’s corporate governance gets ‘red’ grade
      448 2  -  It is deemed to have not complied with the provisions of the Town Councils Act By Lee U-Wen leeuwen@sph.com.sg Singapore THE Ministry of National Development (MND) has given a “red” grade to the town council run by the opposition Workers’ Party (WP) for its
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    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,136.26 (+7.09) GSTI FUTURES 3,130.00 (+6.00) HSIMSCI 353.81 (-0.15) GSIMSCI FUTURES 354.00 (+0.40) STOCKS Friday Change KL COMP 1,832.26 -6.43 NIKKEI 225 15,274.07 +139.32 HANG SENG 22,660.49 -42.48 SET 1,355.08 +2.87 JAKARTA 4,685.89 -1.97 MANILA 6,481.83 -34.99 KOSPI 1,974.68 -0.94 SHENZHEN B 846.37 +0.78 MUMBAI IND 21,919.79 +405.92
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.133 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.264 (US$/S$ per 1.672 2.114 EURO (US$/S$/€ 1.387 1.753 Foreign currency per US$ S$ YEN 102.90 81.40 RM 3.257 2.576 HK$ 7.761 6.138 BAHT 32.28 25.53 RUPIAH 11,422 9,034 RENMINBI 6.117 4.838 INDIAN RUPEE 61.01 48.25 A$ 1.100 0.870 NZ$ 1.178 0.932
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    • Article, Illustration
      Lock icon Solar cell maker is first onshore default in China
      598 3 Chaori now trying to sell overseas plants to pay rest of interest on its bonds Bloomberg Beijing A CHINESE solar cell maker has failed to pay full interest on its bonds, leading to the country’s first onshore default and signalling that
      Bloomberg; PHOTO: BLOOMBERG  -  598 words
    • Article
      Lock icon Big demand for 2.5b yuan China Eastern bond issue
      509 3  -  Chaori default has no impact as offshore issuers have good credit profiles: DBS By Siow Li Sen lisen@sph.com.sg Singapore DESPITE China’s first bond default and yuan volatility, demand was strong for China Eastern Airlines’ 2.5 billion yuan (S$516.6 million) bond sale
      509 words
    • Article, Illustration
      Lock icon Incentives for SMEs made easier and faster to claim
      578 4  -  Two tweaks made to cash payout portion of the Productivity and Innovation Credit scheme BUDGET DEBATE By Kelly Tay kellytay@sph.com.sg Singapore THE government is taking concrete steps to support SMEs’ growth and restructuring efforts by making incentives easier and faster to
      578 words
    • Article
      Lock icon Govt looking into extending re-employment age to 67
      252 4  -  By Chuang Peck Ming peckming@sph.com.sg Singapore THE government is looking into extending the re-employment age from the current 65 to 67, but is unlikely to act on it soon. Senior Minister of State for Manpower Amy Khor told Parliament that the Tripartite
      252 words
    • Article
      Lock icon No plan to extend progressive wage model beyond three sectors
      314 4  -  By Chuang Peck Ming peckming@sph.com.sg Singapore THE Progressive Wage Model (PWM), which is backed by law and dictates a minimum wage, will be confined to the cleaning, security and landscaping sectors, the government said yesterday. Senior Parliamentary Secretary for Manpower
      314 words
    • Article, Illustration
      Lock icon MOM flags potential graduate-glut problem
      478 5  -  Chuan-Jin says S’pore must ensure that it continues to generate good jobs for its graduate job seekers BUDGET DEBATE| By Chuang Peck Ming peckming@sph.com.sg Singapore ACTING Manpower Minister Tan Chuan-Jin yesterday cautioned against Singapore producing too many graduates who can’t find enough good jobs a
      THE STRAITS TIMES FILE PHOTO  -  478 words
    • Article
      Lock icon Government to raise income cap and size of student bursaries
      493 5  -  It’ll also set up fund for special needs poly, ITE students By Lee U-Wen leeuwen@sph.com.sg Singapore THE government will raise the income thresholds for student bursaries and raise the bursary amounts to make higher education more accessible to students from
      493 words
    • Article
      Lock icon Better Feb job growth bodes well for US
      413 6 Employers add 175,000 jobs; jobless rate, however, rises to 6.7% from 5-year low LATEST US DATA Reuters Bloomberg Washington US job growth rose more than expected in February, easing fears of an abrupt slowdown in economic growth and keeping the Federal Reserve
      Reuters; Bloomberg  -  413 words
    • Article, Illustration
      Lock icon More to the diabolical weather than a load of hot air
      825 6  -  SATURDAY SOAPBOX David Mason The writer, a Price Waterhouse Singapore partner for 18 years, is a business communications consultant in the UK who spends several months a year in Singapore IT is a true saying that the British love
      825 words
    • Article, Illustration
      Lock icon Celebrating women
      1025 7 Behind every man is a woman, it has often been said. But to this we add: “And behind every woman, her own backbone.” As we celebrate womanhood on International Women’s Day today, We bring you some voices from The Business Times’ newsroom “WRITING in honour of my grandmother
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      47 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-15 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 LIVING Travel L2-5 Dining L6-9 Home Garden L10 Health L11 Golf L12 Health L13 Motoring L14-16 Wealth 28-31 Househunt 30 Real Estate 31
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      55 3 45China companies stall new issues after Chaori case, Page 17 4$psf per mth Prominent Bizspace Luzerne HouseD12 Size: 2,789 or 1,367 sq feet, 2nd Level Ideal: Dance Studio, Tuition Center or Gym JERRY LUM Snr Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg Estate Agent Licence No L*****82K CEA
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      463 4 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SOMA INVESTMENT PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) Co. Reg. No. *****0766C Extract of the minutes by corporate representative of G-Tech Investment Pte. Ltd., relating to the proceedings of subsidiary company under Section 179(6) of the
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      42 6 Discover the powerof your potential ...with a job that will light your career path. Flip to Page R1 of today’s CATS Recruit for the full details on the Engineer/ Senior Engineer (Electricity Inspectorate Branch/ Electricity Resilience Regulation Dept) position offered by EMA.
      42 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Down to a science
      2421 8 / 9  -  Sydney Brenner, pioneer in genetics and molecular biology, and the man behind Singapore’s push into the biomedical sciences, shares his thoughts on the future of biology. By Anna Teo By Anna Teo anna@sph.com.sg MOLECULAR genetics pioneer Sydney Brenner is arguably the foreigner most feted by Singapore.
      PHOTO: ARTHUR LEE  -  2,421 words
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  • COMPANIES
    • Article, Illustration
      Lock icon LionGold: Stock hit but our assets not at risk
      711 10  -  Acting group CEO Raymond Tan says this as bruised counter inches up on news of gold tie-up with China’s CBMI By Anita Gabriel anitag@sph.com.sg Singapore THE BAR for investors to get excited over developments in LionGold has become so much higher
      711 words
    • Article
      Lock icon Yuan swings renew fears over China developers
      892 10 IFR Singapore THE recent volatility in the Chinese currency has rekindled fears over the growing exposure of mainland property developers to overseas debt. In the past two years alone, Chinese developers have issued US$40 billion in foreign currency bonds, the result of a
      IFR  -  892 words
    • Article
      Lock icon Ho Bee buys 2nd London realty for £171m
      571 11  -  Subsidiary signs sale and purchase agreement to buy a prime Grade A office investment at 1 St Martin’s Le Grand By Angela Tan angelat@sph.com.sg Singapore AT a time when the Singapore property market is languishing, property group Ho Bee Land continues its
      571 words
    • Article, Illustration
      Lock icon Banyan Tree launches Penang beach resort units for sale-leaseback
      521 11  -  By Lee Meixian leemx@sph.com.sg Singapore HOTEL-management company Banyan Tree Holdings and Malaysian boutique property developer Senja Aman Group yesterday launched the sale of luxury suites for the Angsana Teluk Bahang beach resort in Penang. Offered for sale through strata titles at
      521 words
    • Article, Illustration
      Lock icon Ukraine crisis, China’s 1st bond default provide external direction
      665 12  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent THE main external developments of the week just past were Russia’s military occupation of the Crimean peninsula, which elevated tensions with Ukraine and brought the US into the frame, and a large bond default in
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    • Article
      Lock icon STI STOCKS
      110 12 Stock name Close Change CapMallsAsia 1.790 -0.005 CapitaLand 2.830 +0.030 CapitaMall 1.910 -0.010 CityDev 9.500 +0.020 ComfortDelGro 1.955 DBS Grp 16.23 -0.090 GLP 2.850 +0.040 Genting SP 1.340 -0.005 Golden Agri 0.600 HK Land 6.500 +0.130 HPH Trust US$ 0.650 +0.005 JMH 59.99 +0.890 JSH 34.43 +0.560 Jardine
      110 words
    • Article, Illustration
      Lock icon More dry powder in PE space to ignite competition: Bain
      510 12  -  By Jamie Lee leejamie@sph.com.sg Singapore The “mountains of dry powder” in the private-equity (PE) space are expected to lift the valuations of deals and stiffen competition in the market further, a report by Bain Company said yesterday. “Asset prices (will
      Source: Dealogic  -  510 words
    • Article
      Lock icon TOP 20 ACTIVES
      229 12 VOL CLOSE S i ngHa i yi 483 856 1 .8 0 .1 5 .9 HanKore 369 5.9 925 12 .9 0 .0 0 .0 Memstar 85 Memstar 964 12 .8 0 .3 2 .4 Go l den Agri 81 81,758 758 60 0 0.0 .0 Transcu
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    • Article
      Lock icon TOP GAINERS
      61 12 BY CENTS CLOSE UP DBXT iBoxxSvEu 5US$ ***** 295.9 0.9 DBXT Nifty 10US$ ***** 294.6 2.2 DBXT AUDCS 5US$ ***** 271.8 1.1 DBXT EONIA 5US$ ***** 255.4 1.1 GLD 10US$ ***** 189.7 1.2 DBXT AUDCS 5SG$ ***** 148.0 0.6 JMH 5999 112.5 1.5 Lyxor ThaiSET 10US$ ***** 98.6
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    • Article
      Lock icon TOP LOSERS
      64 12 BY CENTS CLOSEDOWN DBXT iBoxxKR 5US$ ***** -55.6 -0.3 DBXT AUD Bonds 5AU$ ***** -50.6 -0.2 DBXT iBoxxSing 5SG$ ***** -32.0 -0.3 DBXT iBoxxUSTr 5US$ ***** -31.6 -0.1 DBXT MSJAP 10US$ 4552 -22.8 -0.4 UOB 2052 -18.0 -0.9 Haw Par Corp 821 -17.0 -2.0 Jardine C&C 4005 -15.0
      64 words
    • Article
      Lock icon Del Monte leads 9 joining Small Cap Index
      588 13  -  Three of 15 constituents to be excluded will move to FTSE ST Mid-Cap Index By Carine Lee carinel@sph.com.sg Singapore NINE stocks will be added to the FTSE ST Small Cap Index, the largest capitalised of which represent stocks with a regional focus
      588 words
    • Article
      Lock icon Mitsubishi UFJ to boost S’pore M&A business
      450 13 Bloomberg Tokyo MITSUBISHI UFJ Financial Group, Japan’s largest financial firm by market value, plans to boost its mergers and acquisitions business in Singapore by moving bankers into the unit that makes corporate loans. The company will transfer all M&A bankers from its Singapore
      Bloomberg  -  450 words
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      55 13 HOT PROPERTY Greenerv'ihm? k tchp n. facilites thr °m Full High f( r p (e Jf, nni stack MRT. re lft Tenanted £=55 as Orchard. Greatwor W. CBD V 1 1l J CENTRAL APARTMENTS FOR SALE Check this and many other properties in CATS Classified in The Straits Times now!
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  • SINGAPORE
    • Article, Illustration
      Lock icon Sumitomo expects to ramp up capacity
      514 14  -  Its newly opened synthetic rubber plant on Jurong Island will supply raw material for the tyre industry By Ronnie Lim ronnie@sph.com.sg DESPITE a global slump in the car market, Sumitomo Chemical, which has just started up its first synthetic rubber plant here to supply
      514 words
    • Article, Illustration
      Lock icon IRAS warns of e-mail scam
      291 14  -  By Raphael Lim raphlim@sph.com.sg THE Inland Revenue Authority of Singapore (IRAS) has sounded the alarm over a scam e-mail impersonating the statutory board. The scam e-mail, titled “Your 2013 Tax Return Report!!!”, began circulating yesterday morning, IRAS said. The e-mail claims that a report on
      291 words
    • Article, Illustration
      Lock icon GIC real estate president doubles as COO
      147 14 GIC has appointed Goh Kok Huat as its chief operating officer, effective April 1, 2014. The 49-year-old remains as president of GIC Real Estate, a position he has held since 2011. “In 2013, GIC implemented its New Investment Framework which capitalises on GIC’s
      147 words
    • Article
      Lock icon BNP Paribas sees Asia-Pac sales of 3b euros
      460 15  -  Three-year target is revealed at the opening of bank’s first training campus in the region here By Jamie Lee leejamie@sph.com.sg BNP Paribas expects to grow its revenue to three billion euros (S$5.3 billion) in the Asia-Pacific region within three years, up from
      460 words
    • Article, Illustration
      Lock icon Book spotlights Spore’s art of getting business overseas
      365 15 IT started in 2006 as an initiative to showcase Singapore’s contemporary arts and culture overseas but Spotlight Singapore quickly grew to become a platform for businessmen to ink partnerships over theatre performances and visits to cultural and artistic venues. Now, a book
      365 words
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      Lock icon Page 15 Advertisements Column 1
      213 15 Enjoy 30% off selected Medix products at Watsons! (Terms and conditions apply) Venue: Watsons, #B2-57/58/59, No.8A Marina Boulevard, Singapore *****4 Tel: (65) 6634 4359 Website: www.watsons.com.sg Promotional items: Medix Sonic Toothbrush (U.P $12.90) BT Saturday Special Price: $9.00 Medix Lady Shaver (U.P $19.90) BT Saturday Special Price: $13.90 Medix 4-pc
      213 words
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  • Article, Illustration
    Lock icon Mobile Marketing Are you ready?
    771 16  -  By Pamela Wigglesworth A special feature brought to you by s STJOBS ,SG I Join Pamela Wigglesworth at SME 101: Marketing Bootcamp, a two-day workshop organised by STJobs and Experiential Hands-On Learning, on 27-28 March 2014 Learn how you can harness social media sites to
    771 words
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  • WORLD
    • Article
      Lock icon Developed economies less resilient now to EM shock
      721 17 Developing markets have bigger impact on world economy: study Bloomberg Paris DEVELOPED economies are less resilient to an emerging-market shock than they were in the 1990s, when crises from Thailand to Russia rattled investors without triggering a global recession. Th a t
      Bloomberg  -  721 words
    • Article
      Lock icon Shanghai state firm cleared to buy banks’ NPLs
      264 17 Reuters Shanghai THE Shanghai government has approved a city-owned investment company to buy non-per-forming loans from local banks, state media reported yesterday, becoming the latest Chinese local government bracing for an expected rise in bad debt. Shanghai’s launch of a dedicated “bad
      Reuters  -  264 words
    • Article, Illustration
      Lock icon China companies stall new issues after Chaori case
      573 17 Reuters Shanghai CHINA’S first domestic bond default has prompted Suining Chuanzhong Economic Technology Development to delay a one billion yuan (S$207 million) debt issue, while two other companies have halted deals blaming market volatility. The postponements were announced after loss-making Chinese solar
      Reuters; PHOTO: REUTERS  -  573 words
    • Article
      Lock icon Malaysia’s exports up 12.2% in Jan
      543 18  -  Less-sophisticated nature of country’s export machine could be one reason for surprise showing By S Jayasankaran btworld@sph.com.sg Kuala Lumpur MALAYSIA’S export growth for the month of January rose an unexpected 12.2 per cent from a year ago. The continued dou-ble-digit clip it was 14.4
      543 words
    • Article
      Lock icon Lloyds to swap £5b of bonds to shore up capital
      279 18 NYT London THE Lloyds Banking Group said on Thursday that it would offer to exchange as much as £5 billion (S$10.6 billion) worth of bonds it issued to shore up its capital during the financial crisis for new securities or
      NYT  -  279 words
    • Article, Illustration
      Lock icon Carson Yeung jailed for six years for money laundering
      352 18 Reuters Hong Kong HONG KONG businessman Carson Yeung was sentenced to six years in jail yesterday for money laundering in a high-profile case that law enforcement officials hailed as an important victory to combat money laundering in the global financial hub.
      Reuters; PHOTO: AFP  -  352 words
    • Article, Illustration
      Lock icon Queensland hit by most widespread drought ever
      438 19 Close to 80% of its territory is parched after a failed wet season, say officials AFP Sydney THE Australian state of Queensland is in the grip of its most widespread drought ever, with close to 80 per cent of its territory parched after
      AFP  -  438 words
    • Article
      Lock icon Seoul pension fund fails to block chaebol CEO’s term extension
      690 19 But attempt signals that firms face scrutiny over their governance Bloomberg Seoul SOUTH Korea’s US$400 billion National Pension Service (NPS) had made a stand against the Halla Group, in a test of investor tolerance towards the nation’s family-run chaebol businesses.
      Bloomberg  -  690 words
    • Article, Illustration
      Lock icon Anwar gets 5 years’ jail after court overturns acquittal
      522 20 Court ruling on sodomy charge bars Anwar from contesting state election Bloomberg AFP Kuala Lumpur A MALAYSIAN court sentenced opposition leader Anwar Ibrahim to five years in jail after overturning his acquittal in 2012 on a sodomy charge, leaving him unable
      Bloomberg; AFP  -  522 words
    • Briefing
      • Article
        Lock icon EU may tighten cap on bankers’ bonus
        148 20 Reuters London EUROPEAN Union lawmakers will consider toughening up the bloc’s cap on bankers’ bonuses after lenders have begun softening its impact by awarding extra “allowances” to top up fixed pay. The cap is one of the most high-profile rules from the 28-country
        Reuters  -  148 words
      • Article
        Lock icon German industrial output up in Jan
        115 20 Reuters Berlin GERMAN industry output rose for a third consecutive month in January, driven by a surge in con- struction, data showed yesterday, suggesting the industrial sector in Europe’s largest economy started 2014 in good shape. Industry production climbed by 0.8 per cent, data
        Reuters  -  115 words
      • Article
        Lock icon Malaysia bans Ultraman comic book
        74 20 Reuters Kuala Lumpur MALAYSIA has banned a comic book starring Japanese superhero Ultraman because it could disturb “public order”. The book, Ultraman The Ultra Power, was banned from Feb 18 with a penalty of up to three years’ imprisonment for anyone who imported or published
        Reuters  -  74 words
    • Article, Illustration
      Lock icon No compromise on future of Crimea, says Ukraine
      281 20 Bloomberg Moscow UKRAINE said yesterday it won’t compromise on the future of Crimea as lawmakers in Moscow pledged to accept the results of a vote on the Black Sea region joining Russia. Ukrainian Prime Minister Arseniy Yatsenyuk told reporters in Kiev that
      Bloomberg; PHOTO: AFP  -  281 words
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      31 19 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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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8102 21 Transaction date: Mar 7 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14 10.4 8Telecom 10.5 10.6 12.3 6.3 1.1 13.6 50.3 20 3.3 A-Sonic 10.3 unch 400 10.3 10.3 10.2 10.4 2.6
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    • Article
      Lock icon SGX CATALIST
      1997 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 35 22 t 3Cnergy 500 27.5 26 30 27.1 28.5 17.1 t 800 Super 25 +0.5 25 25 24.5 24.5 25 3.2 4 7.8 44.7
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 4 0 0 0 5 6 4 Manufacturing 47 50 37 9 8 7 56 58 44 Commerce 22 18 23 2 8 4 24 26 27 Tpt/Stor/Comms 17 9 15
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      786 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 3 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Blumont 06-Mar-14 James Hong Gee Ho *Sell 1000 0.05 ***** 0.54 ***** 0.50 JB Foods 06-Mar-14 Goh
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 9,577 9,577 42,453 42,453 Manufacturing 297,689 67,061 364,750 139,844 2,242 142,086 Commerce 176,189 112,520 288,709 112,524 4,114 116,638 Tpt/Stor/Comms 71,873 473 72,346 82,858 49 82,907 Finance 21,575 383 21,958 94,489 132 94,622 Construction 50,737 31,790
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  • MARKETS
    • Article
      Lock icon LIFFE
      93 25 Mar 6 COCOA (£/tonne) Close Prev High Low Mar 14 1829 1833 1836 1825 May 14 1845 1849 1852 1841 Jul 14 1845 1851 1852 1842 Sep 14 1845 1847 1853 1841 COFFEE(US$/tonne) Close Prev High Low Mar 14 2134 2113 2161 2131 May 14 2083 2065 2118 2056
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    • Article
      Lock icon METALS
      66 25 Mar 07 GOLD(US$/oz) Mar 07 Mar 06 Hong Kong 1351.00 1338.00 Mar 06 Mar 05 London 1345.40 1338.00 1346.25 1338.65 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 27.58 26.80 Source: UOB PLATINUM Lon (US$/oz) Mar 06 Close Previous PM Fix 1484.00 1481.00 AM Fix 1475.00 1464.00 Source:
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Mar 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.173 1.118 Can dollar 1.171 1.126 Euro 1.792 1.707 Sterling pound 2.153 2.071 NZ dollar 1.095 1.053 US dollar 1.289 1.228 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 25 YTD change: -0.98% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 25 YTD change: -2.77% 52-week high: 24,111.55 on Dec 2,2013 52-week low: 19,426.36 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 25 YTD change: -2.74% 52-week high: 2,352.02 on Mar 7,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 25 YTD change: -6.24% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 11,805.78 on Apr 2,2013 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 25 YTD change: -0.93% 52-week high: 16,588.25 on Dec 31,2013 52-week low: 14,296.24 on Mar 7,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
    • Article
      Lock icon PALM OIL
      57 25 Mar 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2880.0 2890.0 2893.0 2880.0 77 933 Apr 14 2877.0 2889.0 2895.0 2875.0 611 ***** May 14 2883.0 2886.0 2896.0 2871.0 ***** ***** Jun 14 2864.0 2869.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 25 Mar 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.29 1-Year BY*****T 31-Oct-14 0.3 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.56 101.61 101.61 5-Year NX*****W 2.5 01-Jun-19 105.32 105.40 105.38
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Mar 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1496 1.1502 0.9093 0.9097 Canadian dollar 1.1485 1.1492 0.9089 0.9084 Euro 1.7528 1.7533 1.3864 1.3867 NZ dollar 1.0729 1.0733 0.8486 0.8489 Sterling pound 2.1142 2.1148 1.6722 1.6726
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      Lock icon CHICAGO BOT
      104 25 Mar 6 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 14 1437.50 1420.00 1438.25 1418.75 May 14 1438.00 1420.50 1440.00 1416.75 Jul 14 1409.50 1395.25 1413.25 1391.00 Aug 14 1358.25 1346.00 1362.25 1342.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 14 44.27 43.18 44.37 43.30
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      Lock icon OIL
      68 25 Mar 06 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 107.20 -0.65 WTI (Near Mth) 101.87 0.60 Dubai (1-Mth F) 103.92 -0.85 Tapis blend 113.15 -0.43 Minas 108.25 -0.43 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.97 -0.78 Jet Kerosene 120.30 -1.56 US$/barrel OpecOil Basket Price 104.37
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      Lock icon LONDON METALS
      72 25 Mar 06 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1753.75 1730.25 3 months 1796.00 1775.00 Copper, Grade A (US$/tonne) Cash 7067.00 7061.50 3 months 7050.00 7030.00 Lead (US$/tonne) Cash 2116.50 2107.50 3 months 2145.00 2136.50 Nickel (US$/tonne) Close Previous Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Mar 6 Index Change Change Change Change Change Change World Preliminary 1200.1 0.4 1.3 0.1 1.7 0.5 1.6 EAFE Preliminary 958.9 0.5 0.3 0.3 1.4 0.8 1.3 Europe Preliminary 1384.2 0.3 2.2
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  • PERSPECTIVE
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      Lock icon The advantages women enjoy
      1227 26 / 27  -  On International Womens’ Day today, Avi Liran compiles some well known and not so well known research findings on women Avi Liran ~The writer is male and is a consultant on leadership issues, including talent retention, engagement and creativity in the workplace. He can be contacted
      PHOTO: AFP  -  1,227 words
  • Page 26 / 27 Miscellaneous
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      334 26 / 27 SATURDAY with Ludwig ‘I’m sorry, Mr Bitcoin, I’m afraid you’re not on the guest list.’ CRYPTIC CROSSWORD Across 1 Pests concealed in recess mostly (6) 4 People photographing fish (8) 9 Cook’s instruction ready to embrace Eastern cuisine’s starter (6) 10 Troublemaker a soldier has to turn endlessly back (8)
      334 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Dotcom firms’ IPOs more muted now
        1279 28 / 29 Too much has changed since to put the IPO market in danger of imploding, say analysts and investors WEALTH INSIGHTS Bloomberg NOT many chief financial officers know what it’s like to see their companies double in value in one day. Peter Bardwick has seen
        Bloomberg; PHOTO: AFP  -  1,279 words
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        Lock icon BROKERS’ TAKE
        649 28 / 29  -  Compiled by Andrea Soh OUE Hospitality Trust Add CIMB Research March 7 Close: 84 cents WE give OUE Hospitality Trust (OUEHT) an “Add” rating and a target price of S$0.96, based on dividend discount model at a rate of 7.9 per cent. The stability of OUEHT is anchored
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    • WEALTH REAL ESTATE
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        Lock icon No casinos for resort island Hainan
        362 30 Beijing’s decision may dampen investment appetite from international and national developers Reuters Hong Kong CHINA’S balmy holiday island of Hainan, long touted as a place where the country could liberalise gambling, will not permit casinos, senior officials announced this week. The decision may dampen
        Reuters; PHOTO: BLOOMBERG  -  362 words
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        478 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 22 AND JAN 28, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 22/01/2014 99 2691 7320 2720 V On Shenton Apt 23/01/2014
        478 words
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        Lock icon China’s ‘land kings’ under threat as tightening takes a toll
        814 31 Soaring costs, prospect of slowing property sales mean records at land auctions are coming to a close: analysts Reuters Hong Kong THE days of Chinese developers snatching up premium properties with record-breaking offers are coming to an end as cooling
        Reuters; PHOTO: BLOOMBERG  -  814 words
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        Lock icon MetLife eyes flats in US cities amid rental boom
        692 31 Bloomberg New York METLIFE Inc is looking to increase investments in apartment buildings in US cities such as New York and Los Angeles as young professionals fuel demand. “We would love to do more multifamily and we’ve been very active,” Robert
        Bloomberg  -  692 words
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      157 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX, THE JURA. FOR MILLENIA, A HARSH, UNYIELDING ENVIRONMENT A PLACE OF RAW NATURE AND UNFORGIVING CLIMATE. FIRST SETTLED IN THE SIXTH CENTURY BY MONKS WHO SAW IN THIS AUSTERE EXISTENCE A SERENITY AND SPIRITUALITY; MORE RECENTLY, SINCE
      157 words
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      52 1 LivingBTTHE BUSINESS TIMES WEEKEND MARCH 8-9, 2014 ECUADOR Walk the Avenue of the Volcanoes, trek through pristine rainforest L2-5 DESIGN Out of the box L10 DINING Double takes L6-7 WELLNESS Go bare L11 GOLF Come out swinging L12 DINING Faraway foods in the neighhourhood L8-9 PHOTO: GEOFFREY EU MOTORING Sporty
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  • BT Living
    • TRAVEL
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        Lock icon Beauty in diversity
        2519 2 / 3  -  Heritage colonial cities, volcanoes you can walk up, pristine rainforest and the Galapagos a trip to Ecuador is quite an adventure. By Geoffrey Eu The writer’s fuss-free and fully-guided trip to Ecuador was organized by Gentian Trails (www.gentiantrails.com) IT sits in a small corner in northern South
        PHOTOS: GEOFFREY EU  -  2,519 words
    • DINING
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        Lock icon DOUBLE TAKES
        873 6 / 7  -  Restaurants here are increasingly carving out covert bars in their backrooms. Debbie Yong finds out why. Debbie Yong debyong@sph.com.sg IS it a restaurant, or is it a speakeasy? What used to be two separate entities are now, it seems, united as one. The coupling of restaurant and covert
        873 words
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        Lock icon Where to dine and drink
        829 6 / 7 The Secret Mermaid 10 Collyer Quay, B1-08 Ocean Financial Centre DRINKERS these days are getting more curious about the base spirit that goes into their cocktails, which is what prompted Howard Lo to open covert tippling space, The Secret Mermaid. The 500 sq ft space,
        829 words
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        Lock icon Faraway tastes in the neighbourhood
        1672 8 / 9  -  Tired of having the usual Spanish, French or Italian fare? BT Weekend surfaces new spots where you can feed on more exotic eats from Denmark, Costa Rica, the Caribbean, and even the Alps. By Rachel Loi rachloi@sph.com.sg By Chew Hui Yan hychew@sph.com.sg New Nordic cuisine
        PHOTOS: GAEST DELI; PHOTOS: SEA SALT CARIBBEAN DELI; PHOTOS: YEN MENG JIIN  -  1,672 words
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        Lock icon More flavours from afar
        527 8 / 9  -  Debbie Yong sniffs out 2 more soon-to-open dining destinations Debbie Yong debyong@sph.com.sg Life is Beautiful 99 Duxton Road Z6423 0939 Opens on March 28 NEW ORLEANS is indisputedly one of America’s top cities for food so it’s about time that Singaporeans, too, get a taste of
        527 words
    • DESIGN
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        Lock icon Thinking out of the box
        1024 10  -  Tupperware is not just about plastic storage boxes. The company has come up with many other innovative products as well. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg SAY Tupperware, and the super handy, plastic storage boxes come to mind. But the American brand
        1,024 words
    • WELLNESS
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        Lock icon GO BARE
        1189 11  -  Work out barefoot, and recover the range of motion and stability that feet originally have, says the barefoot movement. By Cheah Ui-Hoon uihoon@sph.com.sg TO understand thatthe foot has 33 joints to enable it to adapt to any kind of terrain and not just flat ground, is to realise
        1,189 words
    • GOLF
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        Lock icon Come out swinging
        699 12  -  In the first quarter of each year, major golf brands traditionally unleash their new products on the market. Justine Moss tries out a few Justine Moss adizero One Golf Footwear If you are after ultra-light footwear, this is the obvious choice: it weighs just 283 grammes. And
        699 words
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        Lock icon BMW Golf tourney to tee off in Phuket
        173 12  -  By Justine Moss THIS year’s edition of the BMW Golf Cup International World Final has drawn amateur golfers from around 50 countries, whittled down from a pool of more than 100,000 golfers. The tournament, which has been played for more than 25
        173 words
    • HEALTH
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        Lock icon More patients opting for stents
        1250 13  -  Three factors make percutaneous coronary intervention the preferred choice advances in PCI techniques, high occlusion rates of bypass surgery, and advances in diagnostic methods and increased patient awareness Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also
        PHOTO: REUTERS  -  1,250 words
    • MOTORING
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        Lock icon SPORTY SIBLING
        566 14  -  The Maserati Quattroporte now offers a V6 engine and a sportier drive than the V8 version. By Samuel Ee samuelee@sph.com.sg SINCE the Maserati Quattroporte’s long, flowing lines were introduced with the fifth-generation car a decade ago, the QP has always been associated with the V8 engine. Not anymore.
        566 words
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        Lock icon SUPER SALOON
        645 15  -  Audi enters COE Category A with its lively A3 luxury sedan. By Samuel Ee By Samuel Ee samuelee@sph.com.sg AUDI’S first foray into the luxury compact sedan segment is nothing short of groundbreaking. The Audi A3 Sedan has harmonious proportions and pleasant, if not quite distinctive, styling. But more
        645 words
      • Article, Illustration
        Lock icon BACK TO BASICS
        497 16  -  The BMW 520d is an entry-level 5 Series with a strong but frugal turbodiesel engine. By Samuel Ee samuelee@sph.com.sg THERE are now two entry-level BMW 5 series with identical prices –the petrol-engined 520i and the diesel-powered 520d. Like the 520i, the 520d has a two-litre, turbocharged four-cylin-der
        497 words
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      1161 4 / 5 wine&dine with BTWeekend Peach Blossoms Marina Mandarin Singapore, Level 5 5 Raffles Boulevard On the Organic Path Back by popular demand, Peach Blossoms at Marina Mandarin brings back the organic food promotion to satisfy the palates of health-conscious diners. Thoughtfully conceived by the restaurant’s Chinese Executive Chef Chan Shun Wong,
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