The Business Times, 11 March 2014

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33074
Total Pages: 30
1 30 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, March 11, 2014
    25 words
  • Article
    Lock icon New methods may raise costs for developers
    808 1  -  Govt to top up CPC Fund by $30m: Lee Yi Shyan BUDGET DEBATE By LYNETTE KHOO lynkhoo@sph.com.sg [SINGAPORE] Requiring developers to adopt productive technologies and prefabricated components in new projects, as announced by the Ministry of National Development (MND) yesterday, is widely expected
    808 words
  • Article, Illustration
    Lock icon More money in pipeline for startups
    483 1  -  By JACQUELYN CHEOK jaccheok@sph.com.sg [SINGAPORE] Golden Gate Ventures (GGV), an early stage startup incubator with offices in Singapore and Silicon Valley, is looking to raise a $50 million venture capital (VC) fund for Singapore-based tech startups, a move that will address the Series A
    BT Graphics: SIMON ANG & LUDWIG ILIO  -  483 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,126.63 (-9.63) HST INDEX FUTURES 3,121.00 (-9.00) HSIMSCI 352.37 (-1.46) HSIMSCI FUTURES 352.40 (-1.60) US$ S$ US$ (S$ per US$) 1.269 (US$/S$ per 1.670 2.120 EURO (US$/S$/€ 1.389 1.763 Foreign currency per US$ S$ YEN 103.10 81.20 RM 3.284 2.588 HK$ 7.761 6.116 BAHT 32.41 25.54 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,822.06 -10.20 NIKKEI 225 15,120.14 -153.93 HANG SENG 22,264.93 -395.56 SET INDEX 1,349.05 -6.03 JAKARTA COMP 4,677.25 -8.64 MANILA COMP 6,487.23 +5.40 SEOUL COMP 1,954.42 -20.26 SHENZHEN B 823.99 -22.39 MUMBAI IND 21,934.83 +15.04 12noon EDT Change DOW 16,372.24 -80.48 NASDAQ 4,323.03 -13.20
      48 words
    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE MALAYSIA HONG KONG 5.35 6.55 TAIWAN INDONESIA JAPAN TAIWAN 5.036 JAPAN 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
      21 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      111 1 SME Inc Homegrown Crowdonomic blazing a trail page 12 PROPERTY Three adjoining Bt Timah freehold properties up for sale PAGE 30 COMPANIES Full-year corporate results PAGE 8 COMPANIES S’pore bonds continue strong showing PAGE 9 Budget debate: More reports, Pages 5, 10 RICHARD MILLE A RACING MACHINE ON THE WRIST
      111 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      1 1 8"*****1"*****4
      1 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Malaysia Airline’s sales, branding likely to be hit
      592 2  -  Spooked by the incident, some travellers opt for other carriers By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Malaysia Airlines (MAS) is expected to suffer from weaker sales in the near term as skittish travellers opt for other airlines even as search efforts continue for
      592 words
    • Article, Illustration
      Lock icon Non-landed resale homes market remains soft in Feb
      708 2  -  SRX flash figures show transactions down 18.5% m-o-m By LEE MEIXIAN By leemx@sph.com.sg [SINGAPORE] Cooling measures and the Total Debt Servicing Ratio framework continued to send non-land-ed private home resale volume on a controlled descent to a level not seen since December
      Compiled by SRX  -  708 words
    • Article, Illustration
      Lock icon MAS shares suffer as blame game begins
      623 2  -  Still no news on missing plane after 72 hours MISSING MAS FLIGHT By S JAYASANKARAN in Kuala Lumpur THE blame game over the disappearance of flight MH370 over waters between Malaysia and Vietnam early Saturday morning has started. Speculation is swirling over a
      Pictures: Reuters; BT Graphics: Nisha Ramchandani & Simon Ang; Source: Bloomberg  -  623 words
    • Article
      Lock icon Japan current account deficit hits record 1.6t yen
      694 2  -  By ANTHONY ROWLEY in Tokyo JAPAN suffered a record current account deficit of nearly 1.6 trillion yen (S$19.64 billion) in January, as surging winter demand for oil and gas sent import costs soaring on the back of a weaker yen. This has
      694 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      262 2 New methods may cost developers THE onus for adopting productive technologies and prefabricated components in new projects has fallen squarely on developers, going by the measures announced by the Ministry of National Development in Parliament yesterday. FRONT PAGE More money in pipeline for startups GOLDEN Gate Ventures is
      262 words
    • Article, Illustration
      Lock icon HDB overhauls system for resale transactions
      747 5  -  Buyers now need to obtain the option to purchase before asking for valuation through HDB BUDGET DEBATE By LYNETTE KHOO lynkhoo@sph.com.sg [SINGAPORE] The Housing Development Board (HDB) is overhauling the procedure for resale HDB transactions in a bid to shift the focus from cash-over-valua-tion
      BT Graphics: Jennifer Chua  -  747 words
    • Article
      Lock icon Tech startups get tools, space and an accelerator push
      608 5  -  By JOYCE HOOI By joyceh@sph.com.sg [SINGAPORE] Singa-pore-based tech start-ups are set to get a boost from a set of government initiatives this year, Minister for Communications and Information Yaacob Ibrahim said in Parliament yesterday. One of this initiatives saw the investment
      608 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      166 3 I ~|B|- SPACIOUS FROM ANY ANGLE. COMFORTABLE N ANY SEAT. THE NEW LEXUS ES, THE ESSENCE OF LUXURY. The new Lexus ES is the definition of true comfort, with more generous legroom from an increased wheelbase, and an ergonomically designed cabin for both the driver and passengers, A true five-seat
      166 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      363 4 V S ON E X C H A N G E OFFICE I MEDICAL SUITE I FOOD BEVERAGE JSi L 7V. S 1 li di -C3 m a A S' s ■U_0 -VA'f IT a* -k Sjjl m l>J 3S a •ZA flat '> -V r*e-. T Inftii r SSt-gS
      363 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      136 5 MM qO^ i c LQUn Received the "User's Choice "award at World Communication Awards 2013. Recognised as "Wholesale Operator of The Year' at Asia Communication Awards 2013. telecomasia AWARDS 2013 Recognised as "The Best Asian Telecom Carrier" and "Best Cloud-Based Service" at Telecom Asia Awards 2013. SEAMLESS CLOUD FOR THE
      136 words
Page thumbnail Page 6
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon China export data drags prices lower
      630 6  -  But late bounce helps ST Index close just 9.6 points down; turnover stays weak at $891 million STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent Surprisingly weak export growth in China yesterday depressed sentiment in stocks, cutting 1.8 per cent off the Hang Seng Index and
      Source: Bloomberg  -  630 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Mar 10 VALUE CLOSE BT OB/OS -292.00 -74.00 BT CADI -*****.00 -120.00 BT 10-day MA -*****.00 -29.00 FTSE ST Mid Cap 715.22 -2.84 FTSE ST Small Cap 533.08 -1.74 FTSE ST All Share 758.79 -2.46 FTSE ST China Top 199.56 -1.28 FTSE ST China 228.66 -1.40 FTSE
      77 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Albedo 89,418,000 Transcu Grp 75,501,000 Charisma Energy 72,389,000 HanKore 55,928,000 Vallianz Hldgs 30,455,000 Blumont 26,793,000 Noble Grp 24,842,000 SIIC Env 24,646,000 Silverlake 23,950,000 Federal Int 22,278,000 VALUE($) DBS Grp 108,034,530 OCBC Bk 34,380,960 CapitaLand 33,879,182 EzionHldg 33,588,640 UOB 32,847,460 Keppel Corp 29,613,954 Noble Grp 26,909,375 Olam
      57 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 4 0 0 0 7 3 4 Manufacturing 30 58 45 4 9 10 34 67 55 Commerce 16 28 19 2 9 3 18 37 22 Tpt/Stor/Comms 9 20 12
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      893 6  -  Compiled by KENNETH LIM Dairy Farm International March 10 close: US$9.12 DBS Group Research, March 10 FY2013’s core earnings of US$480 million (+6 per cent y-o-y) were slightly ahead of our expectations due to lower-than-expected operating expenditure (opex). Otherwise, revenue and gross margins were in line with expectations.
      Source: Bloomberg  -  893 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,281 19,281 60,230 60,230 Manufacturing 209,599 45,849 255,448 94,165 2,163 96,328 Commerce 108,818 151,828 260,646 102,727 11,514 114,241 Tpt/Stor/Comms 57,105 954 58,059 82,606 81 82,687 Finance 33,788 70 33,858 185,174 24 185,198 Construction 43,214 78,745
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change CapMallsAsia 1.775 -0.015 CapitaLand 2.790 -0.040 CapitaMall 1.900 -0.010 CityDev 9.380 -0.120 ComfortDelGro 1.965 +0.010 DBS Grp 16.10 -0.130 GLP 2.820 -0.030 Genting SP 1.335 -0.005 Golden Agri 0.585 -0.015 HK Land 6.460 -0.040 HPH Trust US$ 0.645 -0.005 JMH 60.28 +0.290
      113 words
    • Article, Illustration
      Lock icon China numbers hit Aussie, Canadian $
      454 6 China numbers hit Aussie, Canadian CURRENCIES Reuters [LONDON] The Australian and Canadian dollars lost as much as half a per cent against their US counterpart yesterday, as a plunge in exports from China underlined the risks of more weakness in one of the economies that drives world growth. Friday’s robust
      Reuters; PHOTO: BLOOMBERG  -  454 words
    • Article
      Lock icon RISES
      113 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 172.5 1.3 DBXT iBoxxSvEu 5US$ ***** 44.4 0.1 Jardine C&C 4044 39.0 1.0 DBXT iBoxxKR 5US$ ***** 38.1 0.2 JMH 6028 36.8 0.5 DBXT EONIA 5US$ ***** 26.6 0.1 JSH 3460 21.6 0.5 DBXT iBoxxSing 5SG$ ***** 15.0 0.1 DBXT FTVietnam
      113 words
    • Article
      Lock icon FALLS
      127 6 BY CENTS CLOSE DOWN DBXT AUDCS 5US$ ***** -200.4 -0.8 Lyxor ThaiSET 10US$ ***** -185.2 -1.2 GLD 10US$ ***** -175.1 -1.1 Lyxor Indonesia10US$ 8414 -131.9 -1.2 DBXT AUDCS 5SG$ ***** -115.0 -0.5 DBXT MSKorea 10US$ 6078 -110.4 -1.4 DBXT SPASX200 10US$ 4005 -99.0 -1.9 DBXT E50 10US$ 5243 -97.7
      127 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
Page thumbnail Page 7
  • COMPANY NEWS
    • Article
      Lock icon China Sky posts 2011-2013 financial statements
      599 7  -  Loss narrows in FY2013 after huge impairment loss in FY2012 By JOYCE HOOI joyceh@sph.com.sg SUSPENDED China Sky Chemical Fibre Co finally has some numbers to show its shareholders after three financial years, which depict the firm’s descent in 2011, its annus horribilis in 2012
      599 words
    • Article, Illustration
      Lock icon Japan Display sets IPO price at bottom of guidance
      352 7 Reu ters [TOKYO] Japan Display Inc, the world’s biggest maker of screens for tablets and smartphones, set the price of its stock listing at the bottom of its guidance range after foreign investors gave the offering a cool reception. Japan Display
      Reuters; PHOTO: BLOOMBERG  -  352 words
    • Article
      Lock icon 701Search CEO returning to head SPH digital unit
      342 7  -  By CARINE LEE carinel@sph.com.sg THE chief executive officer of 701Search Pte Ltd, Julian Tan, will be returning to Singapore Press Holdings (SPH) to head its new digital division. Julian Tan joined 701Search, a joint venture between SPH, Norway’s Schibsted Media Group and
      342 words
    • Article
      Lock icon International Healthway buys Melbourne property for A$45m
      240 7  -  By NISHA RAMCHANDANI nishar@sph.com.sg INTERNATIONAL Healthway Corp (IHC) is expanding into Australia with the acquisition of a freehold, commercial property in Melbourne for A$45 million (S$51.7 million). The property, located next to the 688-bed Alfred Hospital, is a seven-storey office building. Located on
      240 words
    • Article
      Lock icon Full year results ended December 2013
      3871 8 NET PROFIT (S$M) TURNOVER (S$M) CURRENT COMPANY PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 DBS Grp 3672.0 3809.0 -3.6 9098.0 8514.0 6.9 2 UOB 3008.0 2803.0 7.3 6720.0 6495.0 3.5 3 OCBC Bk 2768.0 3993.0 -30.7 6621.0 7961.0 -16.8 4 Jardine Strategic 2148.8 2309.3 -7.0
      3,871 words
    • Article, Illustration
      Lock icon S’pore bonds continue strong showing
      560 9  -  Longer dated bonds outperforming those with shorter maturities By SIOW LI SEN lisen@sph.com.sg SINGAPORE bonds continue their rally, with longer dated ones outperforming those with shorter maturities as nervous investors struggle with uncertain macro data out of the United States, plus more news of a
      Source: SGX  -  560 words
    • Article
      Lock icon UEL unit sells stake in Suzhou property devt firm
      273 9  -  By JOYCE HOOI joyceh@sph.com.sg WBL Corporation Limited (WBL) is selling its 78 per cent stake in Suzhou Industrial Park Jian Wu Heng Ye Property Development Co Ltd (JWHY) to Genway Group for 490 million yuan (S$101.2 million). WBL is a 67
      273 words
    • Article, Illustration
      Lock icon UOB planning sale of US$-denominated bonds
      567 9 It has hired banks for an offering of subordinated notes Bloomberg UNITED Overseas Bank is planning a sale of dollar-de-nominated bonds as Asia’s investment-grade issuers pay the least for debt in the US currency in almost three years. UOB, which is rated AAby Standard
      Bloomberg; PHOTO: ARTHUR LEE  -  567 words
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      166 7 Kim Fournais, Co-CEO Co-Founder 22:25 London, UK A twenty year journey. A number one platform. In 1992, two Danish entrepreneurs set out to create the world’s leading trading platform. Using state of the art technology, the idea was to establish Saxo Bank, parent company of Saxo Capital Markets, as the
      166 words
Page thumbnail Page 8
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      34 9 anz.com/global ©Australia and New Zealand Banking Group Limited (ANZ) ABN 1 1 005 357 522. ANZ’s colour blue is a trade mark of ANZ. ANI0048/BT/C Financial solutions that keep the wheels of industry turning.
      34 words
Page thumbnail Page 10
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Govt takes another look at reverse mortgage scheme
      590 10  -  It is also extending Lease Buyback option to larger flat types BUDGET DEBATE By LYNETTE KHOO lynkhoo@sph.com.sg THE government will revisit reverse mortgage as an option for the elderly to monetise their HDB flats, and extend the Lease Buyback scheme to larger
      PHOTO: YEN MENG JIIN  -  590 words
    • Article
      Lock icon Pay-TV operators could face new regulations
      494 10  -  MDA may introduce more consumer protection measures By JOYCE HOOI joyceh@sph.com.sg PAY-TV operators could face a tightening of regulations on the consumer front by year-end. The Media Development Authority (MDA) is considering introducing more consumer protection measures under the Media Market Conduct Code for
      494 words
    • Article
      Lock icon System in place to track foreign tuition-grant recipients
      342 10  -  By LEE U-WEN leeuwen@sph.com.sg FOREIGN tertiary students on tuition grants from the Singapore government, required to work in a Singapore-based company for three years after graduation, augment the country’s limited manpower when they graduate and enter the workforce, the Education Minister said
      342 words
    • Article, Illustration
      Lock icon Instant interbank fund transfers from Monday
      377 11  -  14 banks join scheme free for retail users, chargeable for corporates By SIOW LI SEN lisen@sph.com.sg FROM next Monday, customers of 14 banks can do instant fund transfers between accounts held in different banks. The good news is that it will be free for
      FILE PHOTO  -  377 words
    • Article
      Lock icon Guide to publishing your book
      390 11  -  Penguin Books launches self-publishing arm here By RACHEL LOI rachloi@sph.com.sg EVER wanted to publish an autobiography, business guide or science fiction novel but didn’t know how? This might be your chance. Publishing company Penguin Books Singapore has launched a supported self-publishing arm in Singapore called
      390 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon JTC names tender winners of 4 sites
        133 11 JTC Corporation has awarded the tender for four industrial sites at Tuas and Woodlands which closed yesterday. A total of 19 bids were received for all four sites. The 7,432.1 sq m plot 33 at Tuas South Street 11 was awarded to United
        133 words
      • Article
        Lock icon Ascendas, Ping An unit sign partnership MOU
        90 11 BUSINESS space solutions provider Ascendas Pte Ltd has signed a memorandum of understanding with Ping An Trust, a wholly owned subsidiary of Ping An Insurance (Group) Company of China, for a strategic partnership to cooperate in the real estate sector in China and
        90 words
      • Article
        Lock icon IDA unit launches 2FA device
        66 11 ASSURITY Trusted Solutions, a wholly owned subsidiary of the Infocomm Development Authority of Singapore, has launched the universal OneKey two-factor authentication (2FA) device for visually impaired individuals. The device has an inbuilt text-to-voice function that reads back the one-time password and other authentication information to
        66 words
    • Article
      Lock icon Softbank unit invests in Temasek e-learning venture
      208 11 Reuters [HONG KONG] An online education company backed by Temasek Holdings and Alibaba Group Holding Ltd has drawn investment from Japan’s Softbank Corp. TutorGroup said on Sunday that a unit of Softbank Corp had made a strategic investment in the company for an
      Reuters  -  208 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      520 10 Strategies for Workplace Success Who should attend: Sales, marketing and retail professionals; supervisors, managers, team leaders and other general managers; executives; business owners, and anyone who wishes to achieve higher success in their career. 2014 MARCH SERIES Productivity ar »d innovation Credit (PiQ Claimable FULL-DAY WORKSHOPS Mind Mapping for Higher
      520 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      228 11 n THE BRITISH CLUB OPEN HOUSE Bring your friends and family fa The British Club Open House on Sunday, 16 March 2014 from 10am to 5pm, All visitors will be given a comprehensive tour of our wonderful facilities at both the Main Clubhouse and Sports Centre. That’s not all, book
      228 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 2
      120 11 WORLD’S FINEST SERVICED OFFICES SERVICED OFFICES For the 1-10 man business Fully furnished prestigious offices Business registration offices available Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure o Flexible lease terms from just 1 month VIRTUAL OFFICE Everything but the Office
      120 words
Page thumbnail Page 12
  • SME Inc
    • Article, Illustration
      Lock icon Customising to the crowd in this region
      1050 12  -  Homegrown Crowdonomic’s business model takes into account cautious nature of Asian innovators, says JASLENE PANG JASLENE PANG SMEs here may soon have easier access to raising funds as the crowdfunding market continues to grow, and the government has announced its intention to study
      PHOTO: ARTHUR LEE  -  1,050 words
    • Article, Illustration
      Lock icon Benefiting from PIC schemes
      1088 13  -  For SMEs, there is no better time than now to consider investing in the qualifying activities under PIC and PIC+ THE VIEW FROM NTU PROFESSORS By JOW LEE YING The writer is a senior lecturer of tax at Nanyang Business School. Her expertise lies in international
      ST FILE PHOTO  -  1,088 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      80 12 Impress your clients with a great business address \C# Ce& c s VO oO L i 15 prestigious business addresses across Singapore Quick and easy to set up Flexible terms to suit all businesses Singapore Orchard Tampines Junction Personalised call answering in your company name ffles Place n9 P City
      80 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      173 12 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME Inc pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      173 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 3
      81 12 IFBO VIETNAM 2014 International Franchise Business Opportunities 28-30 May 2014 Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam r Vietnam A strong lure for foreign companies Rising incomes, Emerging middle class, Demand for "premium'' brands Request for the floor plan and participating rates! Book early to reserve your
      81 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      69 13 Fed Fed ar Fed Fed Fed; red' 1 f*d. n „d Fod I SI Fed red::;; fed.: m w fed dOK2S Fed Fed fed Fed H wd i HOW TO USE EXPERTISE LOCALLY TO GROW YOUR BUSINESS GLOBALLY With experts all over the world, FedEx can give you local knowledge
      69 words
Page thumbnail Page 14
  • MALAYSIA/INDONESIA
    • Article
      Lock icon M’sia water concessionaire buyout plan hits barriers
      566 14  -  Selangor water firms want deal to be on willing buyerwilling seller basis By PAULINE NG in Kuala Lumpur SELANGOR’S water concessionaires yesterday indicated the proposed RM9.65 billion (S$3.72 billion) buyout of their assets by the state under a proposed renationalisation exercise is likely
      566 words
    • Article
      Lock icon Bank Indonesia seeks dealer bank for sukuk
      530 14 Local bank will be primary dealer for IILM-issued sukuk Reuters [JAKARTA] Indonesia’s central bank hopes to attract a local bank to sign up as primary dealer for short-term sukuk, or Islamic bonds, issued by the International Islamic Liquidity Management Corp (IILM), a body
      Reuters  -  530 words
    • Article
      Lock icon Senior buys Malaysia’s Upeca Technologies for US$75.5m
      244 14 Reuters [RICKMANSWORTH, England] Aircraft parts and auto components maker Senior Plc said it acquired Ma-laysia-based Upeca Technologies, a high-precision components maker, for US$75.5 million including debt to expand in the South-east Asian region. The deal will add to its earnings immediately, Senior said.
      Reuters  -  244 words
    • Article
      Lock icon Felda Global JV to build rubber plant in Myanmar
      306 14 [YANGON] Malaysia’s Felda Global Ventures Holdings (FGV) plans to build a rubber-processing plant worth RM30 million (S$11.6 million) to RM45 million in Myanmar this year as part of its initiative to venture into rubber business in that country. The group, via
      306 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      154 14 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
      154 words
Page thumbnail Page 15
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Li’s growth plan faces setback
      547 15 Hitting 7.5% GDP growth complicated by fall in exports, producer prices Bloomberg [BEIJING] China’s biggest drop in exports since 2009 and deepening factory-gate deflation highlight the challenges for Premier Li Keqiang in achieving this year’s economic growth target of 7.5 per cent. Overseas shipments unexpectedly
      Bloomberg; PHOTO: REUTERS  -  547 words
    • Article
      Lock icon India to challenge US for electionspending record
      645 15 US$5b splurge seen giving economy temporary boost Reuters [NEW DELHI] Indian politicians are expected to spend around US$5 billion on campaigning for elections next month a sum second only to the most expensive US presidential campaign of all time in a splurge that
      Reuters  -  645 words
    • Article
      Lock icon China bank lending halves in February after January spike
      289 15 Reuters [BEIJING] The number of new yuan loans made by Chinese banks halved in February and liquidity in the economy tightened, official data showed yesterday, which analysts said indicated the previous month’s surge was not a sign of a policy shift.
      Reuters  -  289 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      251 15 1* 91 ffl BENG KUANG GROUP Congratulations Beng Kuang Marine Limited has successfully completed and delivered the 2nd livestock carrier. Diamantina from Nexus Shipyard in Kabil, Batam, Indonesia H ‘j -111 4## w ill’ll mm together with its subsidiaries ("Beng Kuang Group"), is engaged in the key businesses of Infrastructure
      251 words
Page thumbnail Page 16
  • WORLD
    • Article, Illustration
      Lock icon Economists warn of risks from central bank rates guidance
      698 16 BIS study says it could delay a return to more normal policy settings Reuters [WASHINGTON] Central bank efforts to become more predictable on future interest rate moves have smoothed out short-term upsets in financial markets, but could also lead to excessive
      Reuters; PHOTO: BLOOMBERG  -  698 words
    • Article, Illustration
      Lock icon Italy’s Renzi plans tax cuts within EU limits
      534 16 Reuters [ROME] An ambitious Italian plan for tax cuts to be announced this week will respect European Union deficit limits, Prime Minister Matteo Renzi said. Before replacing Enrico Letta as the head of government last month, Mr Renzi had said an EU
      Reuters  -  534 words
    • Article
      Lock icon Goldman banks on Sydney as currency hub
      700 16 AAA Aussie rating seen drawing more money from SWFs Bloomberg [SYDNEY] Australia’s dollar has tumbled 15 per cent from its high last year and strategists forecast more pain ahead. For Goldman Sachs Group, it’s the perfect time to develop Sydney as a hub
      Bloomberg  -  700 words
    • Article
      Lock icon Switzerland wants common benchmarks at global warming talks
      530 16 Bloomberg [LONDON] Nations setting up carbon markets must standardise their emis-sion-reduction benchmarks to ensure international efforts to limit global warming stay on track, according to Switzerland’s climate envoy. At least 30 of 200 countries meeting at talks in Bonn this week are
      Bloomberg  -  530 words
    • Article, Illustration
      Lock icon Aussie droughts, heatwaves to get worse
      503 18 More than 150 temperature records were smashed, says the Climate Council AFP [SYDNEY] Australia has endured another “angry summer” with more than 150 temperature records smashed, a new report said yesterday, with a warning that heatwaves and sweltering conditions will only get worse. Among
      AFP; PHOTO: AFP  -  503 words
    • Article
      Lock icon Trade body raises forecasts of UK economic growth
      385 18 British Chambers of Commerce sees 2.8% expansion for this year, 2.5% for next year Reuters [LONDON] Britain’s economy should exceed its pre-recession growth peak in the next few months, according to the British Chambers of Commerce, which yesterday upgraded its forecasts for
      Reuters  -  385 words
    • Article
      Lock icon Morgan, Goldman trade fees for merger-deal credit
      855 19 They sought leaguetable credit for working on Forest Lab’s sale to Actavis Bloomberg [NEW YORK] Morgan Stanley and Goldman Sachs Group Inc both decided last month that it was worth losing millions of dollars in fees to get credit on a big merger
      Bloomberg  -  855 words
    • Article, Illustration
      Lock icon Post-1980 generation largely divorced from tradition
      569 19 WP [WASHINGTON] The generation that grew up with the cellphone and the personal computer sees itself as much more independent than older generations and takes a far different view on traditions such as marriage and religion than their parents and grandparents, according to a
      WP; PHOTO: AFP  -  569 words
    • Article
      Lock icon BP no longer top Pentagon fuel supplier
      645 19 It was barred from new federal contracts after the Gulf of Mexico oil spill Bloomberg [WASHINGTON] BP, once the Pentagon’s top fuel supplier, is now the biggest loser among US government vendors. A combination of no big contracts awarded and promised military work
      Bloomberg  -  645 words
    • Article
      Lock icon US Target data breach tip of iceberg: McAfee
      472 19 Cybercrooks using ‘Dark Web’ to test, distribute malware AFP [WASHINGTON] A huge data breach that affected as many as 110 million customers of the US retailer Target may be just the tip of the iceberg, researchers at McAfee, the US Internet security
      AFP  -  472 words
    • Article, Illustration
      Lock icon Global investors’ bet on Europe recovery gathers pace
      657 20 Eurozone is attracting global funds at fastest pace ever Reuters [PARIS] After being shunned by investors for years, the eurozone is attracting global funds at the fastest pace ever as its economic recovery beckons those fleeing emerging markets. Many investors, from Middle-Eastern
      Reuters; PHOTO: AFP  -  657 words
    • Article
      Lock icon Eurozone banks’ govt debt exposure hits new high
      591 20 Many are using their balance sheets to prop up ailing governments Reuters [LONDON] Banks in the eurozone are now more exposed to government debt than at any time since the financial crisis began, with many increasingly using their balance sheets to prop
      Reuters  -  591 words
    • Article
      Lock icon High-yield bonds overshadow emerging debt
      523 20 Reuters [LONDON] Emerging-mar-ket bonds, star performers just a year ago, are being replaced by high-yielding corporate debt from developed markets by investors searching for yield. Emerging debt has fallen out of favour for many reasons. The United States began tapering monetary stimulus as its economic
      Reuters  -  523 words
    • Article, Illustration
      Lock icon SEC probes if FX rigging distorted options and ETFs
      488 20 Bloomberg [NEW YORK] The US Securities and Exchange Commission (SEC) is investigating whether currency traders at the world’s biggest banks distorted prices for options and exchange-trad-ed funds (ETFs) by rigging benchmark foreign-ex-change rates, according to two people with knowledge of the
      Bloomberg; PHOTO: BLOOMBERG  -  488 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      59 16 Looking to showcase and sell your Food Products, Cooking Solutions, Kitchen Appliances Accessories? NOW! *****620 or Email: sales@exhibitsinc.com.sg Organised By: Our Food Shows: (Organiser of IT Show, Food Beverage Fair, COMEX, World Food Fair, Consumer Electronics Exhibition and Food Kitchen Show) BLOCK 8, LORONG BAKAR BATU #07-07, S (*****3) TEL:
      59 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      53 16 TV Ew;cw youw* MWs ACADEMY 2014 Participate in the NO. 1 CHILDREN'S EDUCATION SHOW! Suntec Singapore 6-8 June 2014 111 am 9pm BOOK NOW! Limited Booths available! -r For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foe 9008 9391 jefffoo@sph.com.sg www.thekidzacademy.com.sg Organised by: sphere A
      53 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      4408 17 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices TAC.LG 040/2557 24 February 2014 Re: Invitation to the 2014 Annual General Meeting of Shareholders To: Shareholders of Total Access Communication Public Company Limited Enclosures: 1. Registration form for shareholders in Thailand (Please see separate document) 2. Copy of the Minutes of
      4,408 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      2062 18 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices GLOBAL PREMIUM HOTELS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****8650E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Global Premium Hotels Limited will be held on 27 March 2014 at 9.00 a.m.
      2,062 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      180 19 ISS Service Innovation Series: US <£> NUS National University of Singapore ISS INSTITUTE OF SYSTEMS SCIENCE Supported by WDA Singapore workforce development agency In this half-day seminar, Learn how to uncover opportunities to transform your service organisation. Prof Wirtz from NUS will show how you can deliver service excellence, productivity
      180 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      31 20 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
      31 words
    • Advertisement
      Lock icon Page 20 Advertisements Column 2
      58 20 HOT PROPERTY SWfo ««<*« fir Sr co!icoufs H e PG lioo LD s G q ft Gr 5 f r crowd Suits FSB/ retail CONSERVATION R N0VATE I> @Duxton Hill i ?n S^°P house available SHOPS FOR RENT THE CITY Check this and many other properties in CATS Classified in
      58 words
Page thumbnail Page 21
  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon US politicians want LNG exports on US ships
      1001 21 Supporters of effort say US merchant fleet vital to national security Bloomberg [NEW YORK] US lawmakers are making a fresh push to require exports of natural gas to be carried on American ships. Proposals from Representative John Garamendi, a Democrat from California,
      Bloomberg; PHOTO: AFP  -  1,001 words
    • Article, Illustration
      Lock icon Bombardier freezes 38,000 workers’ wages
      400 21 Staff under certain local contracts are not affected Bloomberg [NEW YORK] Bombardier, whose delayed CSeries jet is weighing on profits, is freezing salaries for about 38,000 non-union workers in its aerospace and transportation units worldwide as well as at its head office. Employees who are
      Bloomberg; PHOTO: REUTERS  -  400 words
    • Article
      Lock icon TRANSPORT STOCKS
      261 21 SGX '000 Mar 10 S$ +/-Vol Ch Offshore 0.40 -0.01 74 Chuan Hup Hldg 0.26 0.01 90 Cosco Corp 0.69 unch 559 Cwt Limited 1.27 -0.03 536 S$ First Ship Lea 0.07 unch 859 Grand Banks unch unch 0 Jaya Hold Ltd 0.78 unch 1090 K1Ventures 0.20 unch
      261 words
    • Article
      Lock icon China tests anti-smog drone aircraft
      211 21 Reuters [SHANGHAI] China has tested a domestically-produced drone aircraft designed to disperse smog, official media reported, in an important step for the country’s domestic aviation industry. At the opening of an annual parliament meeting last week, Chinese Premier Li Keqiang said that China will “declare
      Reuters  -  211 words
    • Article
      Lock icon Carriers cancel flights as sole airport fire engine breaks down
      173 21 Reuters [FREETOWN] International airlines have cancelled flights to and from Sierra Leone after a UN aviation regulator discovered that the only functioning fire engine at its main airport had broken down, an airport official and airline staff said on Sunday.
      Reuters  -  173 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      189 21 NOTICE TO TRADE RATE RESTORATION FOR Singapore/Port Klang to Kolkatta/Haldia and vice versa With the significant increase in operating costs, please be informed that we will be implementing a Rate Restoration of USD 85.00 per TEU on all SOC shipments (laden) from Singapore/Port Klang to Kolkatta/Haldia and vice versa effective
      189 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      366 21 CRYPTIC CROSSWORD Across 1 Rubbish ballad finally turned down (7) 5 Exhausted European member of parliament changed diet (7) 9 Hippopotamus I captured holding rock, perhaps (5) 10 The same one with depression? I almost cry (9) 11 Some turned out great or dreadful (10) 12 Caught after Sid’s criminal
      366 words
Page thumbnail Page 22
  • EDITORIAL & OPINION
    • Article
      Lock icon More needed to stimulate US economy
      499 22 EDITORIAL THE American economy has not been expanding as fast as was expected after its recovery began in 2010. Since then, it has continued to muddle along rather than accelerate. Indeed, latest figures show that gross domestic product (GDP) grew at just a 2.4
      499 words
    • Article, Illustration
      Lock icon Reducing income gap may not be bad for growth
      825 22  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT MOST people, if pressed on the subject, would probably agree that extreme income
      NYT  -  825 words
    • Article, Illustration
      Lock icon How Nokia attained success in China
      1168 22  -  Four essential tips for making strategy work in the Middle Kingdom By HOWARD YU TROELS BELTOFT The writers are respectively professor of strategic management and innovation at IMD; and CEO and managing partner of Beltoft Company, a management consulting company with a particular expertise
      PHOTO: BLOOMBERG  -  1,168 words
    • Article, Illustration
      Lock icon Political connections matter
      1548 23  -  In the US, as it is around the world, who you are connected to will get you a foot up in business By DARON ACEMOGLU, SIMON JOHNSON, AMIR KERMANI, JAMES KWAK TODD MITTON Daron Acemoglu is Professor of Applied Economics at MIT; Simon Johnson is Professor of
      PHOTO: REUTERS  -  1,548 words
    • Article, Illustration
      Lock icon Combat the growing online threats to personal identity
      533 23  -  By EMILY POH The writer is AVP Financial Lines at AIG Insurance JULY 2, 2014, will see the Personal Data Protection Act (PDPA) come into full force in Singapore. Administered and enforced by the Personal Data Protection Commission, the PDPA aims to
      533 words
    • Article, Illustration
      Lock icon India should discipline oligarchs to boost growth
      1092 23  -  YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT THE Indian economy’s growth figures for the final quarter of 2013 have not been encouraging. With a GDP (gross domestic product) growth of 4.7 per cent, this is the seventh
      1,092 words
Page thumbnail Page 23
Page thumbnail Page 24
  • Article
    Lock icon SHIPPING TIMES
    1245 24 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    1,245 words
  • Page 24 Advertisements
Page thumbnail Page 25
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3106 25 Transaction date: Mar 10 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 10.4 8Telecom Last Sale AAT Vol Day Last Quote ('000) High Low Buyer Seller Div Gr Yld 11.5 7
      3,106 words
    • Article
      Lock icon SGX CATALIST
      356 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 35 22 t 3Cnergy 500 30 s S3s SSpSS5iSS|S 2 0.9 t Advanced System 0.9 unch 200 0.9 0.9 0.9 1 15.8 P P
      356 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11343 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.2/ Aberdeen Asset Mgt Asia Limited American Opp 0.9722/ Global Emerging Markets!** Asian Smaller Cos! China Opportunities' 1 8898/ 2 6865/ EM Local Ccy Bond 0 8929/
      11,343 words
    • Article
      Lock icon GLOBALQUOTE
      258 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61.5 34.4 AVJennings A57 -1 1 57 57 57 59 3.6 6.1 4.6 211 52 35.5 Genting HK US$ US40.5 -0.5 3436 41 40.5 40.5 41 2666.7
      258 words
    • Article
      Lock icon SGX ETF
      1144 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.7 -0.5 7 114 113.7 113 114 519 143 119 CIMB APAC Div 100S$D 124 -1.3 124 124 123 125
      1,144 words
Page thumbnail Page 26
Page thumbnail Page 27
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      695 27 Mar 10 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.53 *****.12 *****.11 Mar14 *****.00 *****.00 *****.00 *****.00 *****9 *****6 Jun14 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 307.09 307.26 304.69 Mar14 308.00 309.30 305.40 305.70 ***** *****0 Apr14 306.80
      695 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 7 Index Change Change Change Change Change Change World Preliminary 1195.0 -0.3 0.9 0.0 1.6 -0.4 1.2 EAFE Preliminary 952.2 -0.7 -0.4 -0.3 1.0 -0.7 0.6 Europe Preliminary 1367.0 -1.2 0.9
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 27 Mar 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.004 5.545 0.650 7.007 55.198 102.654 0.931 9.631 2.965 1.068 91.526 40.222 1.146 9.720 0.791 27.373 29.261 0.541 0.903 Canada 0.996 5.521
      471 words
    • Article
      Lock icon SIBOR
      34 27 Mar 10 (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
      34 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      84 27 Mar 10 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-16 101.55 101.63 101.63 5-Year NX*****W 2.5 01-Jun-19 105.21 105.25 105.20
      84 words
    • Article
      Lock icon PRECIOUS METALS
      138 27 Mar 10 GOLD(US$/oz) Mar 10 Mar 07 Hong Kong 1337.00 1351.00 Mar 07 Mar 06 London 1335.46 1345.40 1336.23 1346.25 Source: Thomson Reuters CAST BAR Mar 10 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 122 54 5gm 347 271 10gm 620 543
      138 words
    • Article
      Lock icon PALM OIL
      57 27 Mar 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2875.0 2904.0 2911.0 2875.0 28 920 Apr 14 2877.0 2903.0 2910.0 2862.0 1102 ***** May 14 2873.0 2901.0 2910.0 2861.0 ***** ***** Jun 14 2858.0 2885.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Mar 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1453 1.1461 0.9028 0.9029 Canadian dollar 1.1403 1.1410 0.8990 0.8989 Euro 1.7625 1.7638 1.3893 1.3896 NZ dollar 1.0722 1.0734 0.8452 0.8457 Sterling pound 2.1188 2.1204 1.6702 1.6705
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 27 Mar 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1457.50 1437.50 1460.00 1435.25 May 14 1457.75 1438.00 1460.00 1435.50 Jul 14 1424.75 1409.50 1429.00 1404.25 Aug 14 1373.00 1358.25 1376.75 1353.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
      109 words
    • Article
      Lock icon LIFFE
      94 27 Mar 7 COCOA (£/tonne) Close Prev High Low Mar 14 1842 1829 1842 1823 May 14 1856 1845 1858 1837 Jul 14 1856 1845 1857 1837 Sep 14 1856 1845 1856 1840 COFFEE(US$/tonne) Close Prev High Low Mar 14 2157 2134 2168 2152 May 14 2099 2083 2111 2064
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1109 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 36 -4 10 0.0 5 -88 52 Asia-Pacific Strategic W*****6 0.5 1 123 201 82.00 2 Ratio Exer Ascendas Reit MB eCW*****1 2 0.2 210 1 Ascendas Reit
      1,109 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Mar 07 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.40 1.20 WTI (Near Mth) 102.65 0.78 Dubai (1-Mth F) 103.85 -0.07 Tapis blend 113.22 0.07 Minas 108.32 0.07 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.94 -0.03 Jet Kerosene 120.02 -0.28 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Mar 10 S$ Bid Offer 1-month 1.2686 1.2693 2-months 1.2685 1.2693 3-months 1.2685 1.2692 6-months 1.2683 1.2690 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 27 Mar-07 Mar-07 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1723.50 1753.75 3 months 1765.00 1796.00 Copper, Grade A(US$/tonne) Cash 6805.00 7067.00 3 months 6782.00 7050.00 Lead(US$/tonne) Cash 2069.75 2116.50 3 months 2096.50 2145.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Mar 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.174 1.119 Can dollar 1.163 1.119 Euro 1.802 1.717 Sterling pound 2.163 2.080 NZ dollar 1.100 1.058 US dollar 1.294 1.233 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 27 Mar 10 $S Offer Bid 0vernight 0.08 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.20 0.10 1 month 0.25 0.15 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
      157 words
Page thumbnail Page 28
  • PROPERTY
    • Article, Illustration
      Lock icon NY property tax system seen as inequitable
      1473 28 It undervalues homes of the rich, shifts heaviest tax burden to the poor Bloomberg [NEW YORK] Mayor Bill de Blasio’s vision of raising income taxes to pay for pre-kindergarten and afterschool programmes would generate US$530 million a year. By revamping property taxes and
      Bloomberg; PHOTO: REUTERS  -  1,473 words
    • Article
      Lock icon Dubai firm to build 1m homes in Egypt
      281 28 Reuters [CAIRO] Arabtec Holding, Dubai’s largest listed construction firm, has agreed with the Egyptian army to build one million houses in a project worth 280 billion Egyptian pounds (S$50.9 billion), it said in a statement on Sunday. The project, one of the
      Reuters  -  281 words
    • Article, Illustration
      Lock icon Poland’s mortgage rates on the rise
      757 29 Banks turn to more profitable consumer credit as demand for home loans falls Bloomberg [WARSAW] Poland’s slowest economic growth in four years is eroding demand for home loans, prompting banks to increase mortgage rates as lenders refocus on more profitable consumer credit. New home
      Bloomberg; PHOTO: BLOOMBERG  -  757 words
    • Article
      Lock icon Bid for Morrison: Firms await review’s outcome
      489 29 UK grocer estimates its freehold property is worth about £9b Bloomberg [NEW YORK] Buyout firms CVC Capital Partners Ltd and Carlyle Group LP are awaiting the outcome of Wm Morrison Supermarkets plc’s property review this week as they evaluate a bid for the
      Bloomberg  -  489 words
    • Article
      Lock icon TPG to sell 56 farm properties of Ingham
      148 29 Reuters [SYDNEY] Private equity giant TPG plans to sell 56 farm properties of Australia’s largest poultry firm, Ingham Enterprises, for up to A$650 million (S$744.6 million), a property agent responsible for the sale told Reuters. The sale comes a year after TPG
      Reuters  -  148 words
    • Article, Illustration
      Lock icon Three adjoining Bukit Timah freehold properties up for sale
      406 30  -  Seller expects offers above $45m for site with combined land area of 25,425 sq ft B y JAIRA KOH jairakoh@sph.com.sg [SINGAPORE] Three adjoining freehold properties along Queen’s Road and Duke’s Road are up for tender, with the seller expecting offers above
      406 words
    • Article
      Lock icon City Square Mall bags global green award
      258 30 Cited for environmental, energy design by US body [SINGAPORE] City Square Mall, honoured by the Building and Construction Authority (BCA) of Singapore for being an environmentallyfriendly building, has now won a globally recognised award. It is the first mall here to win the
      258 words
    • Article
      Lock icon Wanted: China tenants for UK business district
      482 30 Reuters [LONDON] The developer of a huge business district in northern England is planning a roadshow through cities such as Beijing and Shanghai to attract Chinese tenants to Manchester. China’s Beijing Construction Engineering Group (BCEG) says that the project is the biggest in
      Reuters  -  482 words
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      134 28 ST JOBS CAREER DEVELOPMENT Ml 4 r r -i.I, ii £tjs y A; -> dSTJOBS WA < f w Yf LOOKING TO RECRUIT? JOIN THE BIGGEST CAREER FAIR IN TOWN! LIMITED BOOTHS AVAILABLE AT STJOBS CAREER DEVELOPMENT FAIR 2014, Sign up for our Career Development Fair 2014 now to get
      134 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      663 29 137 139 RANGOON ROAD 2-Storey Shophouse Building with Potential For A&A/ Development Contact: Investment Properties Sammi Lim (CEARegNo.:R*****9J) Tel: 9368 9803/6224 8181 6 Battery Road #32-01 Singapore *****9 Freehold and Plot Ratio 3 Site Area: Approx. 3,837 sq ft Zoned Residential with Commercial at 1 st storey Prominently located with
      663 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Lock icon Page 30 Advertisements Column 1
      42 30 APP NON ON ANDROID i IPHONE Enjoy a mouth-watering buffet of food news and reviews from The Straits Times, The Business Times and The New Paper on the new SoShlok App! THE STRAITS TIMES m, SoShiorN SG’s Vummiest Food News Reviews www.soshiok.com
      42 words