The Business Times, 12 March 2014

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Microfilm: NL33075
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, March 12, 2014
    25 words
  • Article
    Lock icon No more radical changes to COE system for now
    782 1  -  BUDGET DEBATE By samuelee@sph.com.sg SAMUEL EE samuelee@sph.com.sg [SINGAPORE] After the recent slew of radical changes to the COE (certificate of entitlement) system, the government has given the assurance that there will be no more of those for now. One of these
    782 words
  • Article, Illustration
    Lock icon Rising food prices raise inflation concerns in Asia
    793 1  -  But risk of inflation here is tempered by Singapore’s strong currency and diversified food sources By ANDREA SOH sandrea@sph.com.sg [SINGAPORE] Politics and adverse weather are pushing food prices up, creating potential for inflationary pressures in South-east Asia. The impact on Singapore, however,
    Source: Mizuho Bank Singapore, Department of Statistics Singapore BT Simon & Gareth Final number is rounded; BT Graphics: Simon Ang & Gareth Chung  -  793 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,129.40 (+2.77) GST INDEX FUTURES 3,123.00 (+2.00) GSIMSCI 352.75 (+0.37) HSIMSCI FUTURES 351.80 (-0.60) US$ S$ US$ (S$ per US$) 1.266 (US$/S$ per 1.663 2.106 EURO (US$/S$/€ 1.385 1.753 Foreign currency per US$ S$ YEN 103.20 81.50 RM 3.280 2.591 HK$ 7.761 6.131 BAHT 32.31 25.52 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,828.55 +6.49 NIKKEI 225 15,224.11 +103.97 HANG SENG 22,269.61 +4.68 SET INDEX 1,364.28 +15.23 JAKARTA COMP 4,704.21 +26.97 MANILA COMP 6,529.58 +42.35 SEOUL COMP 1,963.87 +9.45 SHENZHEN B 827.75 +3.77 MUMBAI IND 21,826.42 -108.41 12noon EDT Change DOW 16,399.48 -19.20 NASDAQ 4,339.80 +5.35
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA JAPAN TAIWAN KOREA JAPAN 1.475 KOREA 9.33 SWITZERLAND 0.50 INDIA 3.25 Source: Bloomberg
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      169 1 COMPANIES Yoma puts US$80m in Myanmar projects PAGE 5 EXECUTIVE MONEY Staying rational in a risk-filled world PAGE 31 TRANSPORT HUB Strait Talk: Piracy hasn’t gone away PAGE 22 OPINION What makes Greece special? PAGE 21 The leading Swiss private banking group. Since 1890. www.juliusbaer.asia My name: John My business:
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  • TOP STORIES
    • Article, Illustration
      Lock icon Bank bonuses in Singapore lag those in other key hubs
      575 2  -  London, Wall Street bankers better off even after deducting high income tax By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] Singapore may be the region’s financial centre, but the bonuses paid to those working in banks here are the smallest among the
      BT Graphics: Jennifer Chua, Source: eFinancialCareers  -  575 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      351 2 Rising food prices raise inflation concerns POLITICS and adverse weather are pushing food prices up, with the potential of creating inflationary pressures across South-east Asia. FRONT PAGE No changes to COE system for now, says govt AFTER the recent slew of radical changes to the COE system, the
      351 words
    • Article, Illustration
      Lock icon China deposit rates to be liberalised in 1-2 years
      687 2  -  This is the first time the PBC has given an explicit timeline By VIRGINIE MANGIN in Beijing CHINA’S interest rates will be liberalised within one to two years, the head of the Chinese central bank said yesterday, on the sidelines of
      687 words
    • Article
      Lock icon Better methods unlikely to hit developers’ margins
      685 4  -  Higher costs may be encountered in the short term for selected GLS sites By LYNETTE KHOO lynkhoo@sph.com.sg [SINGAPORE] Costs may creep up for developers in the short run as they adopt productive technologies for selected Government Land Sale (GLS) sites but margins should
      685 words
    • Article
      Lock icon BOJ decides to avoid further monetary easing
      613 4  -  By ANTHONY ROWLEY in Tokyo FACED with increasingly difficult policy choices, the Bank of Japan’s (BOJ) Policy Board decided yesterday to avoid further monetary easing in the run-up to next month’s scheduled sales tax hike, which many fear could damage consumption and economic
      613 words
    • Article
      Lock icon Malaysia’s military tracked plane to west coast: source
      548 4 MISSING MAS FLIGHT Reuters [KUALA LUMPUR] Malaysia’s military believes a jetliner missing for almost four days turned and flew hundreds of kilometres to the west after it last made contact with civilian air traffic control off the country’s east coast, a senior
      Reuters  -  548 words
    • Article, Illustration
      Lock icon BNP Paribas inks 5-year sponsorship deal for WTA Championships
      485 4  -  By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] French bank BNP Paribas has been unveiled as the title sponsor of the Women’s Tennis Association (WTA) Championships, the next five editions of which will be held in Singapore starting this October. The bank chose not
      PHOTO: CHEW SENG KIM/THE STRAITS TIMES  -  485 words
    • Article
      Lock icon Sports-for-the-majority plan ready to roll
      249 4  -  By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] The government is ready to roll out the first phase of the Sports Facilities Master Plan (SFMP), which it estimates will cost $1.5 billion to implement. The SFMP aims to give a majority of Singaporeans access to sports and recreational
      249 words
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      99 2 I B 11 I I I H H |i i 'y/ IB SI 1 HIS JOHANN STRAUSS ORCHESTRA APR L 6™ 20 SINGAPORE INDOOR STADIUM at Singapore sports hub &0 9 3fm A/AEDIACORP Station New releases now in stores: SJ8S«® B .-I X.\M l 1 ANDRE andre rieu k Friends
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      167 3 Now in its 7th year, the Emerging Enterprise Award 2014 invites promising startups and aspiring SMEs to embark on the journey to excellence and join the league of past winners. Be empowered and evolve to the next level. Come create ripples of change with us. EMERGING ENTERPRISE AWARD Up to
      167 words
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      159 4 Pave your child’s future with the 50 Anniversary right diploma, It’s possible. Our Annual Open House Returns! 22 March 2014 11am to 5pm psb-academy.edu.sg/openhouse oP 'W 9 4^ Full-time Diplomas in: Business Administration Business Administration (Accounting Finance) Tourism Hospitality Management Electrical Engineering Mechanical Engineering Hear what our graduates say: it
      159 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Yoma puts US$80m in Myanmar projects
      742 5  -  Firm in major blitz investing in schools, food, logistics and real estate By ANITA GABRIEL anitag@sph.com.sg YOMA Strategic Holdings stepped up its goal to turn into a conglomerate yesterday by making not one or two, but five major moves to invest more than US$80
      FILE PHOTO  -  742 words
    • Article
      Lock icon Creative unit sues Samsung, Apple for alleged patent infringement
      241 5  -  By RAPHAEL LIM raphlim@sph.com.sg CREATIVE Technology’s wholly owned subsidiary, ZiiLabs, has sued tech giants Samsung and Apple for alleged patent infringement. ZiiLabs, a leader in media-rich application processors, alleged in the lawsuit that certain products including various Samsung Galaxy phones, tablets
      241 words
    • Article
      Lock icon UOA ventures into Myanmar property market
      444 5  -  Its first project comprises business and residential areas By ANGELA TAN angelat@sph.com.sg UNITED Overseas Australia (UOA) has joined the growing list of global companies venturing into the emerging Myanmar market. Yesterday, the Australia and Singapore listed prop-erty-related company said that it has formally agreed
      444 words
    • Article
      Lock icon China model offers GLP diversification
      758 8  -  HOCK LOCK SIEW By RAPHAEL LIM raphlim@sph.com.sg GLOBAL Logistic Properties (GLP), which boasts being the leading provider of modern logistics facilities in China, Japan and Brazil, has moved rapidly in recent months to further strengthen its foothold in the vast and growing Chinese mainland market.
      758 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      914 8  -  Compiled by JOYCE HOOI Frasers Commercial Trust March 11 close: $1.255 OCBC Investment Research, March 11 FRASERS Commercial Trust (FCOT) recently delivered a strong set of Q1 FY2014 results, with distribution per unit (DPU) jumping 29.7 per cent y-o-y to 2.05 cents on the back of distribution savings
      Source: Bloomberg  -  914 words
    • Article
      Lock icon Hyflux sells consumer businesses for US$50m
      459 8  -  By KENNETH LIM kenlim@sph.com.sg HYFLUX is selling two consumer businesses for about US$50 million in cash as it refocuses on industrial and municipal projects, but analysts cautioned against hoping for a special payout. The water treatment specialist yesterday announced that it will sell its
      459 words
    • COMPANY BRIEFS
      • Article
        Lock icon JES clinches bulk carrier contract
        101 8 JES International Holdings Limited (JES) has won a contract to build a 95,000 deadweight ton Post-Panamax bulk carrier, with options for three other vessels of the same design. The contract plus options is worth up to US$120 million. The delivery of the vessel is expected
        101 words
      • Article
        Lock icon Sembawang Shipyard wins $25m RCL deal
        111 8 SEMBAWANG Shipyard, Sembcorp Marine’s wholly owned subsidiary, has won a $25 million deal from RCL Cruises Ltd to carry out an “extensive revitalisation” of Royal Caribbean International’s passenger ship, Voyager of the Seas. The vessel is scheduled to enter the shipyard in Q4 of
        111 words
    • Article
      Lock icon Stamford Tyres’ Q3 profit down 62.7%
      256 8  -  By joyceh@sph.com.sg JOYCE HOOI J0yceh@sph.com.sg STAMFORD Tyres’ thirdquarter profit sank 62.7 per cent from $2.2 million to $838,000, against a restated third quarter in the previous year. The restatement was carried out because of the adoption of an accounting standard related to how it
      256 words
    • Article, Illustration
      Lock icon Trend of vertical integration seen in agribusinesses
      486 9  -  Some are divesting to gain capital, as industry restructures and consolidates By ANDREA SOH sandrea@sph.com.sg THE investment wave moving into agriculture has only just started. The restructuring and consolidation in the industry also continues apace, with companies either looking to vertically integrate with
      486 words
    • Article
      Lock icon Vard signs LOI to build largest vessel in Solstad’s fleet
      249 9  -  By MALMINDERJIT SINGH msingh@sph.com.sg SGX mainboard-listed Vard Holdings has secured its largest single-vessel order, a job entailing the design and building of a large offshore subsea construction vessel (OSCV) for one of the largest shipping companies in Norway. The Norwegian-based
      249 words
    • Article, Illustration
      Lock icon Strong interest in China water plays
      511 9  -  Gains posted range from 42% to 116% in the past 3 months By R SIVANITHY sivan@sph.com.sg INVESTORS may be wary of a hard landing for China’s economy and China stocks listed in Singapore may be largely out of play, but China water-treatment stocks are
      Source: Bloomberg  -  511 words
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      480 5 > -V > V A relationship works both ways. So when you combine your finances with us like the Tan family did, you'll receive a higher interest rate of up to 2.08% p.a. in return. No lock-in period required. It's one of the ways we make banking smarter, simpler and
      480 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Olam’s ongoing run helps lift STI
      681 6  -  But index’s rise is capped by late selling; index laggards Keppel Corp and Golden Agri also in play STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent UNLIKE recent sessions when the Jardine group and the banks were chiefly responsible for keeping the Straits Times Index (STI)
      Source: Bloomberg  -  681 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Mar 11 VALUE CLOSE BT OB/OS -236.00 +56.00 BT CADI -*****.00 +45.00 BT 10-day MA -*****.00 -24.00 FTSE ST Mid Cap 715.23 +0.01 FTSE ST Small Cap 536.32 +3.24 FTSE ST All Share 759.64 +0.85 FTSE ST China Top 200.39 +0.83 FTSE ST China 229.22 +0.56 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Albedo 472,610,000 HanKore 261,890,000 PSL Hldgs 118,340,000 Blumont 109,486,000 Transcu Grp 99,573,000 KLW Hldgs 83,075,000 Giken Sakata 71,423,000 LionGold 63,624,000 Charisma Energy 57,107,000 AdvanceSCT 56,550,000 VALUE($) DBS Grp 91,111,550 Keppel Corp 43,835,060 Noble Grp 41,948,880 Olam 35,660,085 HanKore 34,775,207 PSL Hldgs 33,509,000 UOB 30,332,090 SingTel 30,057,630
      57 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 3 3 0 0 0 9 3 3 Manufacturing 53 48 44 9 2 13 62 50 57 Commerce 18 23 18 8 4 4 26 27 22 Tpt/Stor/Comms 22 10 9
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,879 16,879 63,758 63,758 Manufacturing 338,744 178,470 517,214 136,634 8,935 145,569 Commerce 169,829 550,476 720,305 135,323 33,123 168,446 Tpt/Stor/Comms 52,586 1,416 54,002 94,843 122 94,965 Finance 64,492 471 64,963 170,613 160 170,773 Construction 158,592 79,230
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Change CapMallsAsia 1.790 +0.015 CapitaLand 2.770 -0.020 CapitaMall 1.895 -0.005 CityDev 9.470 +0.090 ComfortDelGro 1.955 -0.010 DBS Grp 16.05 -0.050 GLP 2.810 -0.010 Genting SP 1.340 +0.005 Golden Agri 0.605 +0.020 HK Land 6.490 +0.030 HPH Trust US$ 0.650 +0.005 JMH 60.00 -0.280
      115 words
    • Article, Illustration
      Lock icon Euro retreats further from 2 1/2-year high
      484 6 Euro retreats further from 2 1 /2-year high CURRENCIES Reuters [LONDON] The euro fell against the US dollar and the yen yesterday after a senior European Central Bank (ECB) policymaker told investors that they may have missed the message on policy that rates are set to remain accommodative for some
      Reuters; PHOTO: BLOOMBERG  -  484 words
    • Article
      Lock icon RISES
      112 6 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 310.1 2.1 GLD 10US$ ***** 159.5 1.0 Lyxor AsiaCS 10US$ 5756 65.8 0.9 Lyxor Indonesia10US$ 8458 55.7 0.5 DBXT MSTHAI 10US$ 1863 40.5 1.7 DBXT DBCBDJUBS 10US$ 3043 39.2 1.0 DBXT MSKorea 10US$ 6103 31.7 0.4 DBXT DBLCI-OY 5US$ 3481 29.1
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    • Article
      Lock icon FALLS
      128 6 BY CENTS CLOSE DOWN DBXT USDIGInfl 5US$ ***** -110.1 -0.3 SPDR DJIA 10US$ ***** -108.9 -0.5 Jardine C&C 3951 -93.0 -2.3 DBXT iBoxxUSTr 5US$ ***** -65.8 -0.3 DBXT EONIA 5US$ ***** -51.9 -0.2 DBXT AUDCS 5SG$ ***** -50.0 -0.2 JMH 6000 -35.4 -0.5 DBXT MSEurope 10US$ 6095 -30.4 -0.4
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      123 words
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      129 words
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      128 8 7k cy zL fife te j* 'L'g ft B ae i 5 ft m f 7K i ±4 fD ft gt Rb JE JS r t 44 MARCH ISSUE OUT NOW 1 ft «o«» a* oQ* tts r* v STAYING TRUE Overseas chefs based here share their country’s specialties SKID
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      26 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Panel set up to advise govt on transboundary pollution
      595 10  -  International slate of legal experts is led by S Jayakumar and Tommy Koh BUDGET DEBATE By MALMINDERJIT SINGH msingh@sph.com.sg AN international advisory panel, headed by local legal luminaries S Jayakumar and Tommy Koh, has been formed to provide legal advice to
      595 words
    • Article
      Lock icon Government to fund another 450 buses
      592 10  -  By SAMUEL EE samuelee@sph.com.sg THE Bus Service Enhancement Programme, or BSEP, will be expanded with the addition of another 450 buses to the original 550 first introduced under this government-funded programme. Transport Minister Lui Tuck Yew announced this during the 2014 Committee of Supply
      592 words
    • Article
      Lock icon $35m makeover for ACM and National Museum
      422 10  -  By LEE U-WEN leeuwen@sph.com.sg BOTH the Asian Civilisations Museum (ACM) and the National Museum of Singapore (NMS) are set to undergo a major facelift later this year as part of Singapore’s landmark 50th anniversary celebrations in 2015. The total cost of the two
      422 words
    • Article
      Lock icon Making it safer for elderly pedestrians, cyclists
      269 10  -  By SAMUEL EE samuelee@sph.com.sg SILVER zones for elderly pedestrians and measures to enhance road safety in school zones are among the measures the government will implement to make it safer for those walking and cycling. During the Committee of Supply debate for the
      269 words
    • Article
      Lock icon Looking for jobs? Go small this year
      305 10  -  By KARA QUEK karaquek@sph.com.sg SMALL and medium-sized enterprises (SMEs) are leading on the hiring front, especially in the demand for accounting and finance professionals, according to recruitment firm Robert Half. At the launch of the Robert Half 2014 Asia Salary Guide yesterday, held
      305 words
    • Article, Illustration
      Lock icon EL Dev tops bids for Yishun condo site
      552 10  -  By leemx@sph.com.sg LEE MEIXIAN |eemx@sph.com.sg EL Development trumped four other bids for a Yishun Avenue 9 site with its offer of $278.8 million. This works out to around $450.06 per sq ft per plot ratio, exceeding consultants’ expectations of $380–$431 psf ppr.
      552 words
    • Article, Illustration
      Lock icon Building ties with Myanmar’s construction industry
      576 10 OPTIMISM and enthusiasm were in the air when a group of Myanmar delegates met their Singapore business peers last Thursday at a seminar and networking session, where they exchanged valuable insight on the building and construction sector in Myanmar. Hosted by Singapore Business Federation
      PHOTO: SPHERE EXHIBITS  -  576 words
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  • MALAYSIA
    • Article
      Lock icon Kian Joo jumps after rival offer from Japan firm
      590 11  -  Its shares rise over 6% on speculation that a bidding war may emerge By S JAYASANKARAN in Kuala Lumpur SHARES in Kian Joo Can Factory Bhd jumped more than 6 per cent to RM3.41 apiece yesterday after a rival offer for
      590 words
    • Article
      Lock icon IHH mulling A$5b offer for Australian healthcare firm
      356 11 Reuters [SYDNEY] IHH Healthcare Bhd, Asia’s largest hospital operator by market value, is considering making a A$5 billion (S$5.7 billion) offer for Australian healthcare firm Healthscope, a person familiar with the matter told Reuters yesterday. The purchase would mark Malaysia-based IHH’s first
      Reuters  -  356 words
    • Article, Illustration
      Lock icon UBS cuts profit forecasts for KL listed firms
      527 11  -  It sees Malaysia’s fiscal consolidation measures hitting domestic demand By PAULINE NG in Kuala Lumpur UBS has downgraded its forecasts of earnings growth at Malaysian companies following pedestrian fourth-quarter results and cautioned that the downgrade cycle could continue over the next quarter
      PHOTO: BLOOMBERG  -  527 words
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      352 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India shelves EM bond index plan
      581 12 Separate plan on joining Euroclear also deferred, till the next govt is formed Reuters [NEW DELHI] India has put on ice plans to join major emerging market bond indices that would require it to remove restrictions on foreign capital inflows, two sources said, signalling
      Reuters; PHOTO: BLOOMBERG  -  581 words
    • Article, Illustration
      Lock icon Long credit chains China’s weakest link
      730 12  -  When they start to snap, confidence will go with them REUTERS BREAKINGVIEWS By JOHN FOLEY Reuters [NEW YORK] China’s debts are troubling and not just because they’re alarmingly big. An equally worrying threat to the country’s prosperity is the complexity of those debts. That’s
      Reuters  -  730 words
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  • WORLD
    • Article, Illustration
      Lock icon Norway’s wealth eroding competitiveness
      564 13 Scandinavia’s richest country now needs to rein in its budget spending Bloom berg [OSLO] Norway’s export industry is buckling under the weight of the country’s wealth. Prime Minister Erna Solberg says that Scandinavia’s richest nation now needs to rein in budget spending to stop eroding trade
      Bloomberg; PHOTO: BLOOMBERG  -  564 words
    • Article
      Lock icon Australia’s business conditions weaken in Feb: survey
      237 13 Xinhua [SYDNEY] Business conditions in Australia back-ped-alled sharply in February, reversing around half of post-election gains, a widely watched monthly business survey released yesterday by National Australia Bank (NAB) found. The NAB monthly business survey shows that business conditions dropped five points to
      Xinhua  -  237 words
    • Article
      Lock icon Germany reports robust rise in exports, imports
      485 13 4.2% rise in imports deflect criticism of rising trade surplus AFP [FRANKFURT] Economic recovery in Germany appears to be on track as demand for German-made goods increased both at home and abroad, official trade data showed yesterday. After adjustment for seasonal blips, Germany
      AFP  -  485 words
    • Article
      Lock icon UK retail sales slow in Feb: trade body
      249 13 Reuters [LONDON] British retail sales slowed markedly in February after a robust January as food sales stagnated, an industry survey showed yesterday. The British Retail Consortium (BRC), a trade body, said the total amount spent in stores last month was 0.7 per
      Reuters  -  249 words
    • Article
      Lock icon Client-hungry hedge funds banking on ETFs
      814 14 They’re willing to trade high fees for an exponentially bigger investor pool Reuters [NEW YORK] More cli-ent-hungry hedge fund managers are looking to put their investment strategies to work in ex-change-traded funds, a move that could exponentially expand their pool of investors but requires
      Reuters  -  814 words
    • Article
      Lock icon French businesses see little hope of improvement this year
      643 14 They are doing more to fine-tune product lines and cut costs Reuters [PARIS] French companies see little hope for domestic growth this year and are stepping up efforts to cut costs and fine-tune product lines to contend with stubbornly tough market
      Reuters  -  643 words
    • Article, Illustration
      Lock icon SoftBank to start price war if T-Mobile deal is approved
      585 14 Bloomberg [TOKYO] SoftBank Corp president Masayoshi Son will start a “massive price war” if US regulators allow his company to purchase T-Mobile US Inc, he said in an interview with PBS’s Charlie Rose. The billionaire, who bought control of Sprint
      Bloomberg; PHOTO: BLOOMBERG  -  585 words
    • Article, Illustration
      Lock icon Norway wealth fund made mistakes when buying F1 stake: CEO
      505 14 Reuters OSLO N orwa y s US$850-billion sovereign wealth fund made mistakes when it bought shares in Formula One (F1) and may try to sell them, its chief executive said yesterday according to a report in business daily Dagens Naeringsliv.
      Reuters  -  505 words
    • Article
      Lock icon Basel faces challenge over covered bonds
      728 15 Issuers are lobbying Asia to convince regulators to give covered bonds the same status as govt debt Bloomberg [BRUSSELS] Europe’s biggest covered bond issuers are turning to Asia to rally support in what they say will become a global challenge to the Basel Committee
      Bloomberg  -  728 words
    • Article, Illustration
      Lock icon Japan can afford five-point corporate tax cut: panel member
      589 15 Bloomb erg [TOKYO] Japan can afford to cut corporate taxes by an initial five percentage points, said a government tax panel member who called on business leaders to moderate demands for a bigger reduction. “It’s impossible to bring it down by
      Bloomberg  -  589 words
    • Article
      Lock icon White House projects higher growth this year
      529 16 It expects 3.1% growth this year while unemployment is expected to ease to 6.9% Reuters [WASHINGTON] The White House has forecast that the country will experience more robust economic growth in 2014 than last year and a further pick-up in the economy for
      Reuters  -  529 words
    • Article
      Lock icon Aussie iron ore prices plunge on shivers over Chinese data
      604 16 China investment in Australia falls 10% to US$9b in 2013 Xinhua [SYDNEY] While the once all-encompassing Australian miners were at the top of the trade food chain this time last year, another tough day of trading on the Australia Stock
      Xinhua  -  604 words
    • Article
      Lock icon Agricultural Bank seeks licence for UK branch
      207 16 Xinhua [LONDON] The Agricultural Bank of China is applying for a branch banking licence in Britain, said a bank official on Monday. “Europe is one of the vital markets of the bank’s global strategy,” Guo Youda, the bank’s executive vice-president in London, told
      Xinhua  -  207 words
    • Article, Illustration
      Lock icon Exiting stimulus a big challenge for BOE
      669 16 It has to wind up QE without driving up borrowing costs Bloomberg [LONDON] Bank of England governor Mark Carney has more than just interest rates to think about as investors begin speculating on how policy makers will unwind their £375 billion (S$791 billion)
      Bloomberg  -  669 words
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      Lock icon Japanese’s thrifty habits hinder deflation fight
      938 16 It could result in a sputtering economic recovery in Japan NYT [TOKYO] The loose change in Yusa Nishimura’s purse could be undermining Prime Minister Shinzo Abe’s economic recovery plan for Japan. As often as she can, Ms Nishimura tucks away 500-yen coins (S$6), worth
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      Lock icon Analysts racing to keep up with Facebook’s share rally
      750 17 Its shares jump 32% this year, compared with a 1.6% gain for the S&P 500 Index Bloomberg [SAN FRANCISCO] Wall Street analysts are racing to keep up with Facebook’s stock rally. Shares of the world’s biggest social network have jumped 32
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    • Article
      Lock icon South Korea, Canada wrap up free-trade deal
      316 17 Pact likely to be signed as early as June; Korean auto sector to benefit the most AFP [SEOUL] South Korea and Canada concluded a free-trade agreement (FTA) yesterday, wrapping up a negotiating process that began nine years ago and focused on barriers in
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    • Article
      Lock icon US Mint has high costs for small change
      607 17 Spike primarily due to higher costs of metals used in coins WP [WASHINGTON] In 2013, the cost of making pennies and nickels exceeded their face value for the eighth year in a row. The cost of minting a penny stood at 1.8
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      599 18 128 eurozone banks will be put through a painstaking review of their loan books Reuters [FRANKFURT] The European Central Bank (ECB) will press banks to change the models they use to predict losses and take account of its views on asset
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    • Article
      Lock icon Wholesale inventories rise, but sales drop sharply
      310 18 LATEST US DATA Reuters Bloomberg [WASHINGTON] US wholesale inventories rose more than expected in January, as companies built up stocks of autos and machinery, though sales posted their largest decline in nearly five years. The Commerce Department said yesterday that wholesale inventories rose
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    • Article
      Lock icon OECD projects moderate global growth
      467 18 Developed states doing fine; emerging economies a drag Reuters [PARIS] The recovery in developed economies is on track although slowing activity in big emerging markets means global growth will be only moderate at best in the near term, the Organisation for Economic Cooperation and Development
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      Lock icon Emergency in Bangkok may be lifted soon
      593 19 Move follows pressure from businesses, easing of tensions: official Reuters [BANGKOK] Thailand is expected to lift a state of emergency in Bangkok, almost two months after it was imposed to quell anti-govern-ment protests, because of pressure from businesses and in light of improving
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    • Article
      Lock icon Oil companies caught in Crimea legal limbo
      581 19 Their deals are with a govt that may no longer have jurisdiction Bloomberg [MOSCOW] Crimea’s hastily organised vote this weekend on whether to leave Ukraine to join Russia is threatening Black Sea oil and natural gas drilling prospects coveted by Exxon Mobil Corp
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      234 13 Bespoke Shoes O Santoni, the undisputed pioneer in Italian shoemaking is renowned for it’s pursuit of perfection, craftsmanship and creativity in making handmade shoes for discerning gentlemen since 1975. Experience a unique master class by Santoni s artisan shoemaker, Mr Francesco Desantis. Order bespoke shoes hand-crafted for you from exclusive
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      132 14 GET OnBOARd To Enjoy inspiring TRAVEL T ow ah° SUPERB DEALS! pass Boarding Pass Seat No Flight No W 11 er s trave download the S6TRAVE/./.ERS APP NOW! Brought to you by SPH, the easy-to-use sgtravellers app spins more exciting travel yarns with its new Luxe Travel chapter featuring stories
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      922 15 What Can You Own With USD60,000? You can own a 5 hectares (500,000 sq ft) turnkey* plantation with ready buyers for the crops for only USD60,000 Located 75km from Phnom Penh, Cambodia > Suitable for high demand crops; mango, corn, tapioca etc Expected ROI 18% to 22% per annum A
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      279 16 >9 WATS NOTICES In the Matter of The Companies Act, Cap. 50 And In the Matter of ELAN SCHOOL PTE. LTD. (Co. Registration No: *****2653Z) NOTICE PURSUANT TO SECTION 291(4) STATUTORY DECLARATION BY DIRECTORS OF COMPANY’S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES LODGED WITH THE REGISTRAR OF
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      421 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF IMPSA SINGAPORE PTE. LTD. Company Registration No. *****2297C IN MEMBERS’ VOLUNTARY WINDING UP NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of
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      228 17 ■a A m m m Kl lit s'1* DINING EXPERIENCE AT EQUINOX RESTAURANT Renowned for its multi-sensory culinary experience and breathtaking views, Equinox Restaurant offers a decadent menu prepared by Chef de Cuisine Paul Hallett, highlighting premium produce from fine meats to the freshest sustainable seafood, and an assortment of
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      42 18 APP NON ON ANDROID A 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
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      2287 19 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices FRAGRANCE GROUP LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****6656M NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Fragrance Group Limited will be held on 28 March 2014 at 9.00 a.m. at 168
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  • EDITORIAL & OPINION
    • Article
      Lock icon Airlines need to think out of the box
      564 20 EDITORIAL WHILE the search goes on for the wreckage of the Malaysia Airlines plane that vanished en route to Beijing from Kuala Lumpur, one needs to keep in mind that more than eight million people fly every day and, while even one
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      Lock icon Is a genuine overhaul of the US tax system even possible?
      791 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Wash ington Post Writers Group IN a curious way, the sweeping “tax reform” plan unveiled recently by Dave Camp, the Republican chairman of the House Ways and Means Committee, demonstrates why half measures
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      Lock icon Investors in China should study the 3 Rs
      990 20  -  Resilience, reform and reasonable price are more relevant than the BRICs grouping By TAN MIN LAN The writer is APAC regional head, Chief Investment Office at UBS Wealth Management WHEN international investors analyse China, one of their key reference points is its
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      Lock icon Will America re-pivot to Europe?
      1163 21  -  Whether Ukraine crisis strains US-EU ties or solidifies them, US policy towards E Asia may be affected LEON HADAR Washington Correspondent THERE are two opposing schools of thought about the way the Ukraine crisis could impact US relationship with its European allies: That it would
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      Lock icon Just focus on what Putin doesn’t want
      611 21  -  REUTERS BREAKINGVIEWS By PIERRE BRIANCON THE Western governments wondering what Vladimir Putin wants in Ukraine should start by focusing on what he doesn’t. That has become a little clearer after the Russian president’s rambling press conference last week, during which glimpses of rationality
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      Lock icon What makes Greece special?
      869 21  -  By DANIEL GROS The writer is director of the Center for European Policy Studies Project Syndicate in Brussels THE euro crisis seems to be largely over. Risk premiums continue to fall across the board, and two countries Ireland and Portugal have already exited their adjustment programmes.
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    • LETTERS TO THE EDITOR
      • Article
        Lock icon PIC scheme needs more fine-tuning
        425 21 THE government has sweetened the tax incentives for business with the Productivity and Innovation Credit Plus (PIC+) scheme announced in Budget 2014. The PIC+ scheme builds on and improves on the original PIC scheme which was first implemented in 2010 to support businesses in innovation
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      • Article
        Lock icon Extend PIC grants to town councils
        201 21 I REFER to “Benefiting from PIC schemes” (BT, March 11). Singapore should reduce the number of cleaners and security guards, and some incentives can be provided to achieve this goal. The government has extended the Productivity and Innovation Credit (PIC) scheme to YA 2018
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  • Transport HUB
    • Article
      Lock icon Piracy hasn’t gone away
      775 22  -  Although the problem is comparatively under control in Asian waters, there is no room for complacency STRAIT TALK By DAVID HUGHES FTER over a year without a successful hijack by Soma-lia-based pirates, it is tempting to forget about the issue. That would be very wrong for
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      Lock icon Carnival passengers suing for life payment
      609 22 They want US$5,000 a month following ‘Triumph’ mishap Reuters [MIAMI] A group of passengers suing Carnival cruise lines for damages after an engine fire left their ship adrift for days are asking the company to pay US$5,000 a month for the rest of their
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    • Article
      Lock icon TRANSPORT STOCKS
      241 22 SGX '000 Mar 11 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.26 unch 193 Cosco Corp 0.69 unch 2091 Cwt Limited 1.30 0.04 470 Vol First Ship Lea Chuan Hup Hldg... Grand Banks 0.21 unch 161 Jaya Hold Ltd 0.79 0.01 1654 K1Ventures unch Keppel Corp 10.76
      241 words
    • Article
      Lock icon Manila lodges protest over ships ‘blocked’ by China
      360 22 AFP [MANILA] The Philippines said yesterday it had lodged a formal protest after two Filipino vessels were prevented from bringing supplies to marines by the Chinese coastguard on a disputed shoal in the South China Sea. The foreign ministry said the Chinese
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    • ASIA PACIFIC MARITIME 2014
      • Article, Illustration
        Lock icon Tapping technology to stay afloat
        1300 23  -  In a challenging environment, shipowners are focusing more on initiatives to reduce operational costs, reportsMALMINDERJIT MALMINDERJIT SINGH msingh@sph.com.sg SHIPOWNERS are likely to continue to face the prospect of a high-cost environment, which is forcing them to turn towards technology and innovation to stay afloat. Several
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    • TRANSPORT HUB: AVIATION
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        Lock icon US airlines say weather hurting Q1 profits
        490 24 Winter storms left over 78,000 flights of 5 major carriers on the ground Reuters [NEW YORK] Major US airlines on Monday said cancellations of thousands of flights would hurt first-quarter profit, but some added that revenue would still show improvement. Flight cancellations tend
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      • Article
        Lock icon Boeing shares dip as missing plane adds to B787 worry
        783 24 Bloomberg [DALLAS] Boeing Co shares fell after the company said that it would inspect wings for cracks on undelivered 787s, and investigators searched for a Malaysian Airline System Bhd (MAS) B777 jetliner that vanished four days ago. “News of the
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      • Article
        Lock icon Europe’s regional airports struggle as traffic shifts to hubs
        847 24 Reuters [BERLIN] Dozens of small European airports, which blossomed with the advent of no-frills flying, face cutbacks or even closure as traditional airlines become more competitive and regulators clamp down on state aid. After years of suffering at the hands of
        Reuters  -  847 words
    • TRANSPORT HUB: LAND
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        Lock icon Audi beats BMW in luxury car race
        488 25 It plans new models after selling 242,400 cars in Jan and Feb, 383 more than BMW Bloomberg [FRANKFURT] Audi AG delivered more cars than Bayerische Motoren Werke’s namesake brand through the first two months of 2014 to claim the title of the world’s
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      • Article
        Lock icon Honda makes Acura stand-alone division
        746 25 Bloomberg [LOS ANGELES] Honda Motor Co, making good on plans to focus more on the image of its Acura brand, is setting it up as a division within the company for the first time with dedicated management, marketing and other resources. The first premium car
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      61 22 16 18 July 2014 Marina Bay Sands, Singapore r r ASIA www.OfficExpoAsia.com Next-Generation Workscape 5 w Next-Gen Workforce Next-Gen Workplace j Next-Gen Technology Join hands with us, together we shape the next-gen workscape. To exhibit, contact: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sph Tel: (65) 6848 5938 Email:
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      51 22 NOTICE TO TRADE RATE RESTORATION FOR Singapore to Kolkatta/Haldia and vice versa Please be informed that with effect from 31 March 2014, we will be increasing all our SOC rates (Laden) from Singapore to Kolkatta/Haldia and vice versa by USD 90.00 per TEU. Samudera Shipping Line Ltd Date: 12 March
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      65 22 NOTICE TO TRADE RATE RESTORATION FOR Singapore Port Klang to Kolkatta/Haldia and vice versa With the increase in charter hire, port charges and other operating costs, we wish to inform the trade that our rates for all SOC shipments (laden) from Singapore/Port Klang to Kolkatta/Haldia and vice versa will be
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      216 23 '3 th edition Asia Pacific MARITIME Offshor Asia Pacific Maritime 2014 19-21 March 20U Hall A, B, C, D, E F Marina Bay Sands, Singapore This is iheONB il ding Marta® Sim 3-day exhibition across 6 halls 15,000 visitors from over 60 countries HEAR FROM SOME OF THE BIGGEST NAMES
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      31 24 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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      125 24 Tourism Asia 2014 30 July-1 August 2014 Thailand WHY SPONSOR? Increase brand exposure of your hospital to medical tourists Position your country as the leading medical tourism destination Showcase your solutions that can support healthcare providers in driving and managing growth in patient volume Obtain first-hand insights to the exciting
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  • Page 24 Miscellaneous
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      333 24 Across 1 Running through case of race trial imprisoning son (10) 6 List of workers out in the middle (4) 9 Possibly last in, and yes, like an angel (7) 10 Popular drink with unconfined kids offering little taste (7) 12 Seeks approval of seasoning, with no end of dill,
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      202 25 STPROPERTY.SG CAN YOU REALLY AFFORD THAT HOME? cn I i With tougher rules implemented on mortgage loans, property buyers in Singapore will now need to consider all liabilities and obligations including car loans, credit card debts and their overall credit rating. B Use our TDSR Affordability Calculator to determine how
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  • Article
    Lock icon SHIPPING TIMES
    2393 26 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      156 27 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 Announce Your Corporate Development
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      18 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3266 28 Transaction date: Mar 11 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
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      Lock icon SGX CATALIST
      334 29 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 5 ssss 3S" Sgss aSSSgp Si; =S3 SSS S3 35 3gS 5p|=3 3553 3"3 55 ii =&m sssssa Is
      334 words
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      Lock icon UNIT TRUST & FUNDS
      11527 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.53/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1 8822/ China Opportunities 1 2 6598/ EM Local Ccy Bond 0 8877/ European Opportunities 1 1 348/ Global Emerging
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      Lock icon GLOBALQUOTE
      262 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61.5 34.4 AVJennings A57 unch 3 57 57 57 57.5 3.6 6.1 4.6 211 52 35.5 Genting HK US$ US41 +0.5 6096 41.5 40.5 40.5 41 2699.7
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      Lock icon SGX ETF
      1103 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 112.1 -1.6 135 113 112.1 112.5 113 511.7 143 119 CIMB APAC Div 100S$D 124.7 +0.7 124.7 124.7 123.5 125.9
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      689 30 Mar 11 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.47 *****.03 *****.36 Mar14 *****.00 *****.00 *****.00 *****.00 *****1 *****8 Jun14 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 306.29 307.12 305.83 Mar14 305.80 307.80 304.60 307.00 ***** *****4 Apr14 307.40
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Mar 10 Index Change Change Change Change Change Change World Preliminary 1191.3 -0.4 0.6 -0.3 1.3 -0.4 0.8 EAFE Preliminary 947.4 -0.5 -0.9 -0.5 0.5 -0.6 0.0 Europe Preliminary 1362.6 -0.3 0.6
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 30 Mar 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.005 5.549 0.652 7.013 54.856 102.745 0.933 9.625 2.964 1.064 90.433 40.190 1.144 9.707 0.795 27.381 29.197 0.543 0.904 Canada 0.995 5.523
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    • Article
      Lock icon SIBOR
      34 30 Mar 11 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 30 Mar 11 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 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.54 5-Year NX*****W 2.5 01-Jun-19 105.1 105.22 105.15 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      138 30 Mar 11 GOLD(US$/oz) Mar 11 Mar 10 Hong Kong 1347.00 1337.00 Mar 10 Mar 07 London 1340.55 1335.46 1341.35 1336.23 Source: Thomson Reuters CAST BAR Mar 11 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 123 55 5gm 350 274 10gm 625 547
      138 words
    • Article
      Lock icon PALM OIL
      58 30 Mar 11 Mar KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2883.0 2912.0 2897.0 2883.0 30 877 Apr 14 2892.0 2892.0 2917.0 2873.0 2321 ***** May 14 2888.0 2872.0 2916.0 2861.0 ***** ***** Jun 14 2873.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 30 Mar 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1437 1.1442 0.9035 0.9038 Canadian dollar 1.1382 1.1390 0.8997 0.8992 Euro 1.7531 1.7538 1.3850 1.3853 NZ dollar 1.0749 1.0756 0.8492 0.8496 Sterling pound 2.1054 2.1061 1.6633 1.6636
      155 words
    • Article
      Lock icon CHICAGO BOT
      111 30 Mar 10 Mar 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1419.25 1457.50 1451.25 1417.75 May 14 1418.75 1457.75 1456.25 1414.00 Jul 14 1394.25 1424.75 1423.75 1390.00 Aug 14 1345.75 1373.00 1373.00 1340.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low
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    • Article
      Lock icon LIFFE
      94 30 Mar 10 COCOA (£/tonne) Close Prev High Low Mar 14 1849 1842 1851 1838 May 14 1860 1856 1865 1852 Jul 14 1860 1856 1864 1853 Sep 14 1860 1856 1863 1853 COFFEE(US$/tonne) Close Prev High Low Mar 14 2196 2157 2216 2168 May 14 2147 2099 2167 2100
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1123 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 39 3 10 0.0 5 -89 52 Asia-Pacific Strategic W*****6 0.5 unch 100 1 123 166 93.00 2 Ratio Exer Ascendas Reit MB eCW*****1 2 0.2 210 1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Mar 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.63 -0.77 WTI (Near Mth) 101.10 -1.55 Dubai (1-Mth F) 104.05 0.20 Tapis blend 113.43 0.21 Minas 108.53 0.21 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.94 unch Jet Kerosene 120.17 0.15 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Mar 11 S$ Bid Offer 1-month 1.2658 1.2660 2-months 1.2658 1.2660 3-months 1.2657 1.2659 6-months 1.2655 1.2657 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 30 Mar-10 Mar-10 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1732.50 1723.50 3 months 1775.50 1765.00 Copper, Grade A(US$/tonne) Cash 6661.50 6805.00 3 months 6649.00 6782.00 Lead(US$/tonne) Cash 2056.75 2069.75 3 months 2084.00 2096.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Mar 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.169 1.114 Can dollar 1.162 1.118 Euro 1.800 1.715 Sterling pound 2.150 2.068 NZ dollar 1.100 1.058 US dollar 1.295 1.234 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 30 Mar 11 $S Offer Bid 0vernight 0.0625 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.09 US$ 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
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      339 31 Electric car stock races above US$250 ST A y Invest in the U.S. market with E*TRADE Flat Commission Per Trade us$9.99 and open an account now to get a free trial of E*TRADE PRO S1PC Securities in your account protected up to US$500,000 E*TRADE MOBILE E* TRADE 360 E*TRADE PRO
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  • executive Money
    • Article, Illustration
      Lock icon Pimco fund hit by pullouts, infighting
      833 32  -  Clients withdrawing for 10 months running, feud between co-founder and partner results in latter’s quitting, reportsALEXIS ALEXIS LEONDIS Bloomberg [NEW YORK] BILL Gross, in an investment outlook in April entitled Man in the Mirror, questioned whether he was truly a great investor as he
      Bloomberg  -  833 words
    • Article
      Lock icon UBS Advice has ‘discipline and diversify’ in mind
      335 32  -  Singapore is first in Asia-Pacific to offer such a service By GENEVIEVE CUA gen@sph.com.sg UBS has launched a portfolio service, called UBS Advice, that aims to get clients to stay disciplined and diversify their portfolios better. UBS Advice taps a portfolio monitoring
      335 words
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      Lock icon Staying rational in risk-filled world
      1364 31  -  Significant areas of risks include China’s shadow banking system, structural inefficiencies in Europe and political uncertainty MONEY MATTERS BRYAN GOH The writer is the head of alternative investments in DBS Private Bank THE recent volatility in global markets is unremarkable. What is remarkable is the
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