The Business Times, 15 March 2014

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Microfilm: NL33075
Total Pages: 41
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg MARCH 15-16, 2014 S$1.00 MCI (P) 086/08/2013 Sfjl A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon M’sia expands search area
    29 1 MISSING JET MALAYSIA is expanding the search for a missing jet further east into the South China Sea and west into the Indian Ocean. 2
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  • Article
    Lock icon Retail sales flat in January
    24 1 DRIVEN DOWN RETAIL sales in January edged up 0.1 per cent, as motor vehicle sales took a dive.| 3
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  • Article
    Lock icon Mind your bitcoin
    25 1 INTERNET CRIME CRIMINALS may already have made off with up to US$500 million worth of bitcoins since it launched in 2009. 5
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  • Article
    Lock icon A Singapore team on the cards
    27 1 SUPER RUGBY SPECULATION is rife that the Republic is among the favourites to join the Super Rugby franchise in 2016. 6
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  • Article
    Lock icon Soverus partners Johor prince
    29 1 ISKANDAR SECURITY THE stage has been set for a Singapore company, added with a royal touch, to beef up security offering in Iskandar Malaysia. 14
    29 words
  • Article, Illustration
    Lock icon Temasek offer lifts Olam clear of Muddy Waters
    1155 1  -  Deal aimed at strengthening Olam’s balance sheet is unusual for Temasek: analysts By Andrea Soh sandrea@sph.com.sg Singapore IN a move seen as highly unusual, Temasek Holdings launched a cash offer for all Olam shares that it does not already own, leaving the
    PHOTO: REUTERS  -  1,155 words
  • Article, Illustration
    Lock icon Bosses face more painful labour crunch this year
    573 1  -  By Chuang Peck Ming peckming@sph.com.sg Singapore EMPLOYERS who have been moaning about labour shortage in the past year face a more painful crunch in 2014 as the jobs market tightens further and puts upward pressures on wage costs, the Ministry of Manpower
    FILE PHOTO  -  573 words
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      30 1 the business www. usinesstimes.com. the raffles conversation CHRIS PATTEN’S HOME TRUTHS 8-9 MOTORING Diesel delights L14-16 WEALTH A look at investment opportunities 28-29 LIVING The science of saving face L2-3
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  • TOP STORIES
    • Article
      Lock icon DBS to buy SocGen’s Asian private bank: sources
      192 2 Reuters Hong Kong SINGAPORE’S DBS Group Holdings has agreed to buy Societe Generale’s (SocGen) Asian private bank for about US$250 million, with an announcement expected as early as Monday, sources familiar with the matter told Reuters. The deal with the French bank
      Reuters  -  192 words
    • Article
      Lock icon Malaysia expands search for missing MAS jet
      487 2 Search efforts shifting further east into South China Sea and further west into Indian Ocean Bloomberg Kuala Lumpur MALAYSIA is expanding the search for a missing passenger jet further east into the South China Sea and further west into the Indian Ocean after
      Bloomberg  -  487 words
    • MARKETS
      • Article
        Lock icon STOCKS
        60 2 HSTI 3,073.72 (-7.67) HSTI FUTURES 3,067.00 (-8.00) HSIMSCI 347.08 (-0.89) HSIMSCI FUTURES 345.70 (-2.10) STOCKS Friday Change KL COMP 1,805.12 -13.74 NIKKEI 225 14,327.66 -488.32 HANG SENG 21,539.49 -216.59 SET 1,372.18 +1.68 JAKARTA 4,878.64 +152.48 MANILA 6,391.24 -38.55 KOSPI 1,919.90 -14.48 SHENZHEN B 834.13 -2.32 MUMBAI IND 21,809.80 +35.19
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.322 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.266 (US$/S$ per 1.661 2.104 EURO (US$/S$/€ 1.387 1.756 Foreign currency per US$ S$ YEN 101.80 80.40 RM 3.280 2.590 HK$ 7.765 6.132 BAHT 32.33 25.53 RUPIAH 11,416 9,016 RENMINBI 6.150 4.857 INDIAN RUPEE 61.36 48.46 A$ 1.109 0.876 NZ$ 1.171 0.925
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    • Article, Illustration
      Lock icon Singapore retail sales flat in January
      404 3  -  Excluding sales of vehicles, retail sales rose 9.2% year-on-year By Nisha Ramchandani nishar@sph.com.sg Singapore RETAIL sales edged up 0.1 per cent year-on-year in January this year, as sales of motor vehicles took a dive. Stripping out the sales of vehicles, retail sales rose 9.2
      FILE PHOTO  -  404 words
    • Article, Illustration
      Lock icon Olam gets another Temasek boost
      361 4  -  The most immediate beneficiary of the buyout is the company’s creditworthiness REUTERS BREAKINGVIEWS By Peter Thal Larsen TEMASEK is extending a protective arm around Olam. The Singapore investor is leading a group which has offered to buy the 48 per cent of the commodity trader
      361 words
    • Article, Illustration
      Lock icon Mind your bitcoin or criminals will do it for you
      1248 5 Its stratospheric rise in value, ease in getting stolen attracting plenty of wrong attention Reuters Singapore CRIMINALS may already have made off with up to US$500 million worth of bitcoins since the virtual currency launched in 2009 and you can
      Reuters; PHOTO: REUTERS  -  1,248 words
    • Article, Illustration
      Lock icon A Singaporean take on Super Rugby
      809 6  -  COMMENTARY B y Jaira Koh jairakoh@sph.com.sg ~The writer is an intern with BT. He’s a rugby enthusiast, having played at the national schools level and in the national rugby conference and championship leagues jairakoh@sph.com.sgSINGAPORE rugby could be poised to take off in a big
      FILE PHOTO  -  809 words
    • Article, Illustration
      Lock icon Don’t drink and poll
      727 7  -  SATURDAY SOAPBOX Kenneth Lim kenlim@sph.com.sg Correspondent WORD of advice: Don’t drink and poll. Case in point: Case officially the Consumers Association of Singapore and its little spat with food centre operator Kopitiam over the consumer rights watchdog’s survey about beer prices. The tiff could have been
      727 words
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      71 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 13 Singapore 14-15 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 LIVING Style L2-3 Dining L4-6 Guest Chef L7 Home Garden L8-9 Design L10-12 Sports L13 Motoring L14-16 Househunt 30 Property 31 V mt •jTenure:
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      39 3 Sotheby's I NYOMAN MASRIADI Professional Contemporary Art. 1999 Estimate HK$2,000,000-3,000,000 MODERN AND CONTEMPORARY ASIAN ART EVENING SALE HONG KONG 5 APRIL 2014 Ml mm Exhibition 15-16 March The Regent Singapore Enquiries Singapore +65 6732 8239 Register now at sothebys.com
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      58 5 For Take Over4 Storeys Furniture Showroom with full furnishing, office, warehouse space with racks and shelves Raya Lebar Size: 1 st floor 6749 sq ft 3 rd floor 6791 sq ft 4 th floor 7509 sq ft 7 th floor 4776 sq ft $1.50 psf Low Take Over fees For
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      853 6 WATS NOTICES THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the following companies are in voluntary liquidation:1) Arrow Investment Management Ltd 2) HABAN INVESTMENTS LIMITED The voluntary liquidation commenced on
      853 words
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      1023 7 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices UNIONMET (SINGAPORE) LIMITED (Incorporated in Singapore with limited liability) (Co. Reg. No: *****9104W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of UNIONMET (SINGAPORE) LIMITED (the “Company”) will be held at RELC International Hotel, 30 Orange
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Patten’s home truths
      2394 8 / 9  -  hristopher Patten talks to Vikram Khanna about China, Europe, the Arab Spring and Oxford Vikram Khanna vikram@sph.com.sg CHRISTOPHER Patten, it has been said, was the best foreign secretary that Britain never had. “Oh people say all kinds of things when you’re no longer in the foreign service,”
      PHOTO: ARTHUR LEE  -  2,394 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Why no SGX query on Olam price surge?
      727 10  -  OLAM OFFER R Sivanithy sivan@sph.com.sg Senior Correspondent LAST month, when the Monetary Authority of Singapore and Singapore Exchange (SGX) proposed measures to strengthen the local securities market that included new warning signals to be incorporated in SGX’s questioning of listed firms over
      Source: Bloomberg  -  727 words
    • Article
      Lock icon Temasek takeover of Olam a poorly kept secret?
      389 10  -  LETTER TO THE EDITOR Mano Sabnani LOCAL corporate news yesterday was focused on Temasek Holdings’ proposed $2.5 billion takeover of Olam International, a large agricultural commodity chain manager and supplier. Temasek is interested in increasing its stake in Olam which it sees
      389 words
    • Article
      Lock icon SIA Cargo to make $6m provision for Australian class action settlement
      305 10  -  By Nisha Ramchandani nishar@sph.com.sg Singapore SINGAPORE Airlines Cargo will make a financial provision of $6 million in the current financial year as it settles a class action which was launched in Australia in 2007. The class action was brought
      305 words
    • Article
      Lock icon St James in $1.5b RTO deal with Perennial
      666 11  -  This will be followed by other transactions to transform loss-making Catalist firm into a larger integrated real estate player By Lynette Khoo lynkhoo@sph.com.sg Singapore ST JAMES Holdings has proposed a series of transactions that will transform the loss-mak-ing Catalist company into a
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    • Article
      Lock icon Fortune Reit sees costs rising on utility rates, minimum wage hikes
      357 11  -  By Lee Meixian leemx@sph.com.sg Singapore RISING utility rates, inflation and statutory minimum wage hikes in Hong Kong will hike up its operating expenses in the medium term, Fortune Reit said in its annual report released yesterday. The retail Reit
      357 words
    • Article
      Lock icon Popular Q3 profit down 30% on higher costs
      312 11  -  By Kenneth Lim kenlim@sph.com.sg Singapore POPULAR Holdings posted a 30 per cent drop in its third-quarter profit as expenses from a book festival ate into its margins, the property and retail company said yesterday. Net profit for the three months to Jan
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    • Article
      Lock icon Interra Resources to sell stake in unit for US$13.5m
      250 11  -  By Joyce Hooi joyceh@sph.com.sg Singapore INTERRA Resources has conditionally agreed to sell a 90 per cent stake in its wholly owned subsidiary, Goldwater LS Pte Ltd (GLS), to PT Mitra Investindo TBK (MITI) for US$13.5 million. GLS owns IBN Oil Holdico
      250 words
    • Article, Illustration
      Lock icon China worries push Ukraine into background
      652 12  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent CONCERNSoverChina’s economy were the market’s main worry this week, brought on by weak commodity prices, soft industrial production and retail sales numbers. However, although Russia’s occupation of Ukraine-owned Crimea was shifted to the backburner because of China slowdown
      652 words
    • Article
      Lock icon China Merchants tops in indicative yield
      586 12  -  By Lee Meixian leemx@sph.com.sg Singapore THE three real estate companies (excluding real estate investment trusts) with the highest indicative dividend yields in 2014 year-to-date are toll road operator China Merchants (+7.3 per cent); property developer Sim Lian Group (+5.6 per cent); and real estate
      586 words
    • Article
      Lock icon TOP 20 ACTIVES
      171 12 VOL CLOSE Albedo 285,709 6 0.4 7 1 Equation 214,107 1.6 0.4 33 3 HanKore 77,984 13.6 0.1 0 7 WE H l dgs 74,701 1.9 0.1 5 6 Mirach Energy 65,799 16.4 0.3 1 9 Olam 64,537 223 23.5 1 1 8 Char i sma Energy
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    • Article
      Lock icon STI STOCKS
      112 12 Stock name Close Change CapMallsAsia 1.725 -0.035 CapitaLand 2.750 -0.030 CapitaMall 1.895 CityDev 9.260 -0.190 ComfortDelGro 1.950 -0.005 DBS Grp 15.73 -0.070 GLP 2.760 Genting SP 1.315 -0.005 Golden Agri 0.585 -0.010 HK Land 6.320 -0.060 HPH Trust US$ 0.630 -0.005 JMH 59.01 +0.530 JSH 32.75 -0.450 Jardine
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    • Article
      Lock icon TOP GAINERS
      63 12 TOP GAINERS BY CENTS CLOSE UP Jardine C&C 4269 361.0 9.2 DBXT iBoxxUSTr 5US$ ***** 132.9 0.5 DBXT MSINDO 10US$ 1441 89.9 5.2 DBXT USDIGInfl 5US$ ***** 88.6 0.3 DBXT AUD Bonds 5AU$ ***** 83.3 0.4 IS S&P500 ***** 77.2 0.3 JMH 5901 67.1 0.9 DBXT S&P Short
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    • Article
      Lock icon TOP LOSERS
      66 12 BY CENTS CLOSEDOWN SPDR DJIA 10US$ ***** -303.8 -1.5 SPDRS S&P 500 10US$ ***** -278.5 -1.2 DBXT Nifty 10US$ ***** -231.6 -1.7 DBXT E50 10US$ 5078 -175.9 -2.7 DBXT MSEurope 10US$ 5918 -170.9 -2.2 DBXT iBoxxSvEu 5US$ ***** -145.6 -0.4 DBXT EONIA 5US$ ***** -130.4 -0.5 DBXT AUDCS
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    • Article, Illustration
      Lock icon ValueMax targeting wealthy clients
      937 13  -  Pawnbroker is looking at opening a flagship store in CBD By Anita Gabriel anitag@sph.com.sg Singapore IN the bustling heartland of Bedok North, where pawnshops are aplenty, the owner of a valuable piece of art sits in a modest-ly-sized office on the first floor of Singapore’s oldest
      PHOTO: ARTHUR LEE  -  937 words
    • Business briefing
      • Article
        Lock icon Two firms to join watchlist
        65 13 ALLIED Technologies and Chinasing Investment Holdings will be placed on the Singapore Exchange’s watchlist from March 17, after recording pre-tax losses for the three last consecutive financial years. Allied Technologies’s market capitalisation as at its last-trad-ed day was about $28.4 million, while Chinasing’s was $4.5
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      • Article
        Lock icon Soilbuild unit clinches $39.5m deal
        63 13 SOIL-BUILD (Pte) Ltd, a unit of Soildbuild Construction, has secured a $39.5 million contract from a consortium led by Tong Eng Brothers to build a residential flat development, 16 Balmoral Road. The project is expected to start by April 2014 and be completed by Q3
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      • Article
        Lock icon SingHaiyi JV on Anchorvale EC
        57 13 SINGHAIYI Group has invited construction firm Kay Lim Investment Pte Ltd to be its 20 per cent joint venture partner in Anchorvale Residences Pte Ltd, the developer for an executive condominium project at Anchorvale Crescent. SingHaiyi Group will hold the remaining 80 per cent stake
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      368 13 WAT3 NOTICES RafflesEducationCorp RAFFLES EDUCATION CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0712N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the "EGM") of Raffles Education Corporation Limited (the "Company”) will be held at Phoenix 1 Level 6, Novotel Singapore
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  • SINGAPORE
    • Article, Illustration
      Lock icon Peter Lim, Johor prince tie up to offer premium security in Iskandar
      516 14  -  Joint venture to start with just guard services before providing full suite of security solutions By Malminderjit Singh msingh@sph.com.sg THE stage has been set for a Singapore company, with a royal touch, to beef up the security offering
      516 words
    • Article
      Lock icon AustCham Singapore launches online resource centre
      315 14  -  By Goh Kang Shiong gohkangs@sph.com.sg THE Australian Chamber of Commerce (AustCham) Singapore recently launched an online knowledge resource centre aimed at assisting Australian businesses to expand into Asia. Called “Access Asia”, the resource centre comes as Australian companies plan on expanding into Asian markets.
      315 words
    • Article, Illustration
      Lock icon Shell values talented people who are able to collaborate
      598 14  -  The MNC looks for those who are openminded in outlook B y Jaira Koh jairakoh@sph.com.sg THE ability to collaborate will be the “real differentiator” between tomorrow’s talented professionals, said Hugh Mitchell, Shell’s chief human resources and corporate officer. In an interview
      598 words
    • Article
      Lock icon Covered bonds seen boosting debt issuance by Singapore lenders
      1053 15 DBS expects sales of up to S$1 0b here over the next 3 years; UTI says first sale likely to be denominated in US$ or euro Bloomberg DBS Bank predicts as much as S$10 billion in covered bond sales by banks
      Bloomberg  -  1,053 words
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      206 15 Enjoy a complimentary Beer Tasting Paddle worth $20.33++! (With purchase of a main course from the Saturday Brunch of Sorts Menu) Venue: LeVeL33, 8 Marina Boulevard #33-01, Marina Bay Financial Centre Tower 1, Singapore *****1 Tel: (65) 6834 3133 Email: reservations@level33.com.sg Website: www.level33.com.sg Terms Conditions: Promotion valid from 15 March
      206 words
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      112 16 ST JOBS S> CAREERS DEVELOPMENT >014 LOOKING u ST 6 STJOBS I i t Y! 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 a better booth space. Date: 12
      112 words
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  • WORLD
    • Article
      Lock icon China’s Big Four sink to lowest valuations
      790 17 The state-controlled banks are getting squeezed by slower economic growth and rising bad debts Bloomberg Beijing THE world’s most-profitable banks have never been so unloved by stock investors. China’s four-biggest lenders, which reported US$126 billion of earnings in the 12 months through September,
      Bloomberg  -  790 words
    • Article, Illustration
      Lock icon Buffett overtakes Slim as world’s 2nd-richest person
      373 17 Bloomberg London WARREN Buffett passed Carlos Slim on Thursday to become the world’s second-richest person. The 83-year-old Berkshire Hathaway Inc chairman has a net worth of US$63.4 billion, according to the Bloomberg Billionaires Index, up 4.3 per cent year-to-date. Bill Gates, 58, tops
      Bloomberg; PHOTOS: BLOOMBERG, AFP  -  373 words
    • Article
      Lock icon Korea must resolve KorUS issues before joining TPP
      359 17 Reuters Washington SOUTH Korea will not be welcomed into a planned Pacific free trade pact until all problems are resolved in carrying out an existing trade deal with the United States, a senior US official said. Two years after the agreement came
      Reuters  -  359 words
    • Article
      Lock icon RAM expects Malaysia to expand by at least 5.1%
      608 18  -  The agency says growth would be buttressed by domestic demand By S Jayasankaran btworld@sph.com.sg Kuala Lumpur IN A note yesterday, RAM Rating Services, Malaysia’s largest rating agency said that it expected the domestic economy to expand by at least 5.1 per
      608 words
    • Article, Illustration
      Lock icon Jokowi enters race for Indonesia presidency
      314 18 Reuters Jakarta INDONESIA’S main opposition PDI-P party yesterday named Jakarta governor Joko Widodo as its presidential candidate, ending months of suspense over whether the man seen as most likely to become leader of the world’s third largest democracy would run. Opinion polls show Mr
      Reuters; PHOTO: AFP  -  314 words
    • Article
      Lock icon Tokyo won’t retract apology to Seoul over ‘comfort women’: Abe
      675 18  -  By Anthony Rowley btworld@sph.com.sg Tokyo PRIME Minister Shinzo Abe yesterday backed away from earlier suggestions that his government might revise or retract Japan’s earlier apology for forcing women into sexual slavery in military brothels during World War II. “I’m not
      675 words
    • Article, Illustration
      Lock icon China’s central bank halts payments by scanning barcodes with mobile phones
      539 20 Move sparked by security concerns will hit product launches by Tencent, Alibaba Reuters Hong Kong CHINA’S central bank yesterday demanded that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet
      Reuters; PHOTO: BLOOMBERG  -  539 words
    • Briefing
      • Article
        Lock icon Visa bans over Crimea will hit 13 Russian leaders
        74 20 AFP Berlin THREATENED US and EU visa bans over the Crimea crisis would hit at least 13 Russian political and business leaders, including the defence minister and secret service chief, German media said yesterday. Bosses of large energy firms are also
        AFP  -  74 words
      • Article
        Lock icon 12 sq m HK shop sells for US$23 million
        116 20 AFP Hong Kong A TINY store measuring just 12 square metres has sold for more than US$23 million, as prices reach astronomical levels in a city ranked the most expensive for retailers in the world. The shop, located in the retail
        AFP  -  116 words
      • Article
        Lock icon HK billionaire Joseph Lau gets 5 years for bribery
        82 20 Bloomberg Hong Kong HONG KONG billionaire Joseph Lau was convicted of bribery and money-laundering charges in Macau yesterday. He was sentenced to five years and three months imprisonment by Macau’s Court of First Instance, his lawyer said. Lau has appealed the
        Bloomberg  -  82 words
      • Article
        Lock icon US, China behind record international patent filings
        90 20 AFP GenevaTHE United States and China helped drive international patent filings to a record level last year, and cross-border applications surged to more than 200,000, according to the World Intellectual Property Organisation (WIPO). WIPO oversees the Patent Cooperation Treaty (PCT), which allows patent-seekers
        AFP  -  90 words
      • Article
        Lock icon Indian civil aviation sector could be world’s top in 2030
        64 20 AFP New Delhi INDIA’S fast-growing civil aviation sector, already among the top 10 globally, could be No 1 worldwide by 2030, said a report by global consultancy KPMG. Low-cost carriers, foreign investment in domestic airlines, modern airlines and a new
        AFP  -  64 words
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      257 19 y iSm, Eg TIPRIL 2DIM This year, trie TFIP 5UI/ii/al Challenqe redefines exhilaratinq in the biqqest off-road ground experience ei/er. If adi/enture is in your DDR, charqe ahead with us. in TERRRIR imPOSSIBLE This is a test of mind and mettle m J-i S£ it* M. m M s®» >
      257 words
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      75 20 HOT PROPERTY r*i •"WS m SSFIRST POINT SUITES F'hn/n Ku?a,?°H S u Penths e T SUxM H MRT/ VJC CHU Quiet yet np sf 3 rm s Cosyse!; t f ng n^ 0(d a^es. Cosy Sky 1 Terr/Ja? 86, sf W 2-levels vtl f CUZZI #15 S'.2xM only GraW mone
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      7955 21 Transaction date: Mar 14 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14 10.4 8Telecom 10.8 10.8 11 6.3 1.1 14 51.7 20 3.3 A-Sonic 10.4 -0.1 273 10.5 10.3 10.4 10.5 2.6
      7,955 words
    • Article
      Lock icon SGX CATALIST
      1957 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 35 22 t 3Cnergy 500 31 26 35 30.5 28.5 17.1 t 800 Super 24.5 unch 150 24.5 24 24.5 25 3.2 4.1 7.6 43.8
      1,957 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 1 0 0 0 7 6 1 Manufacturing 46 53 29 8 9 6 54 62 35 Commerce 19 20 21 5 6 1 24 26 22 Tpt/Stor/Comms 7 20 12
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      766 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 10 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Advance SCT 12-Mar-14 Simon Eng Buy ***** ***** 0.25 ***** 0.43 Advance SCT 12-Mar-14 Simon Eng *Buy
      766 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,739 17,739 67,850 67,850 Manufacturing 249,577 280,531 530,108 117,064 7,506 124,569 Commerce 207,137 399,194 606,331 262,197 22,314 284,510 Tpt/Stor/Comms 64,280 2,412 66,692 109,949 253 110,202 Finance 32,464 433 32,897 195,505 138 195,643 Construction 58,122 61,302
      121 words
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  • MARKETS
    • Article
      Lock icon LIFFE
      93 25 Mar 13 COCOA (£/tonne) Close Prev High Low Mar 14 1871 1847 1882 1845 May 14 1875 1851 1883 1848 Jul 14 1874 1852 1881 1851 Sep 14 1873 1855 1885 1853 COFFEE(US$/tonne) Close Prev High Low Mar 14 2245 2251 2272 2264 May 14 2189 2200 2217 2183
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    • Article
      Lock icon METALS
      68 25 Mar 14 GOLD(US$/oz) Mar 14 Mar 13 Hong Kong 1372.00 1373.00 Mar 13 Mar 12 London 1371.85 1365.36 1372.65 1366.13 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 27.24 26.46 Source: UOB PLATINUM Lon (US$/oz) Mar 13 Close Previous PM Fix 1476.00 1473.00 AM Fix 1475.00 1458.50 Source:
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Mar 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.170 1.115 Can dollar 1.164 1.120 Euro 1.797 1.712 Sterling pound 2.144 2.062 NZ dollar 1.107 1.065 US dollar 1.293 1.232 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 25 YTD change: -2.96% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 25 YTD change: -7.58% 52-week high: 24,111.55 on Dec 2,2013 52-week low: 19,426.36 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 25 YTD change: -5.28% 52-week high: 2,344.89 on Mar 25,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
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        19 25 YTD change: -12.05% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 11,805.78 on Apr 2,2013 Source: Bloomberg
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        26 25 YTD change: -2.82% 52-week high: 16,588.25 on Dec 31,2013 52-week low: 14,382.09 on Mar 19,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
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      53 25 Mar 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2841.0 855 Apr 14 2804.0 2821.0 2821.0 2788.0 555 6628 May 14 2792.0 2796.0 2801.0 2769.0 ***** ***** Jun 14 2775.0 2771.0 2785.0 2751.0 ***** *****
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      Lock icon GOVERNMENT SECURITIES
      88 25 Mar 14 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-16 101.56 101.65 101.63 5-Year NX*****W 2.5 01-Jun-19 105.3 105.25 105.23
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      Lock icon INTERBANK CURRENCY RATES
      155 25 Mar 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1413 1.1423 0.9017 0.9018 Canadian dollar 1.1399 1.1412 0.9009 0.9006 Euro 1.7549 1.7564 1.3865 1.3866 NZ dollar 1.0804 1.0818 0.8536 0.8540 Sterling pound 2.1027 2.1047 1.6613 1.6616
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      Lock icon CHICAGO BOT
      104 25 Mar 13 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 14 1390.75 1381.75 1404.25 1377.00 May 14 1396.25 1387.00 1412.50 1380.75 Jul 14 1378.00 1368.50 1394.50 1362.50 Aug 14 1339.00 1329.25 1354.00 1323.75 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 14 42.77 43.20 42.93 42.72
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      68 25 Mar 13 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 106.85 -0.41 WTI (Near Mth) 98.25 0.23 Dubai (1-Mth F) 103.62 0.05 Tapis blend 112.93 -0.02 Minas 108.03 -0.02 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.00 0.53 Jet Kerosene 119.35 -0.22 US$/barrel OpecOil Basket Price 103.71
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      Lock icon LONDON METALS
      72 25 Mar 13 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1698.75 1715.50 3 months 1741.00 1758.50 Copper, Grade A (US$/tonne) Cash 6439.00 6528.75 3 months 6415.00 6505.00 Lead (US$/tonne) Cash 2001.00 2010.50 3 months 2022.50 2038.00 Nickel (US$/tonne) Close Previous Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Mar 13 Index Change Change Change Change Change Change World Preliminary 1180.6 -0.3 -0.3 -0.3 0.4 -0.2 0.1 EAFE Preliminary 933.1 -0.5 -2.4 -0.2 -0.7 -0.1 -1.0 Europe Preliminary 1341.5 -0.6 -1.0
      373 words
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      Lock icon Why nothing is truly alive
      1325 26 / 27  -  Life is a concept, not a reality, says Ferris Jabr, who explains why nothing is truly alive and suggests distinguishing between mental models and pure concepts Ferris Jabr NYT OUR concept of life has pragmatic value, but it does not reflect the reality of the
      NYT; PHOTO: AFP  -  1,325 words
  • Page 26 / 27 Miscellaneous
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      327 26 / 27 SATURDAY with Ludwig ‘Due to the haze, I’d suggest we stay indoors and drink plenty of water.’ CRYPTIC CROSSWORD Across 1 Draw an old friend (9) 8 Going ahead with illegal roof-stripping? (6,3,4) 11 River lies west of Russian waterway, in the country (5) 12 Former office-holder having taken orders?
      327 words
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  • Wealth
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        Lock icon Investment strategy: Where are the opportunities?
        1077 28 / 29  -  Stay focused on the medium-term fundamentals while monitoring the near-term issues Benjamin Yeo Barclays Asia and Middle East ISTORY doesn’t really repeat itself, it rhymes. Despite the parallels with the mid—1990s, we think the emerging world need not face a crisis now. We also
        PHOTO: REUTERS; Source: FactSet, Barclays  -  1,077 words
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        Lock icon BROKERS’ TAKE
        705 28 / 29  -  Compiled by Kenneth Lim Kim Heng Offshore and Marine Holdings Buy DBS Group Research March 14 Close: $0.265 WITH over 40 years of track record and long-standing relationships with global blue-chip names such as Transocean, Noble, Seadrill and McDermott, Kim Heng is a leading integrated O&M (offshore and
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    • WEALTH REAL ESTATE
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        Lock icon Trim UK housing stimulus, say economists
        656 30 More than 80% of those polled want govt to curtail Help to Buy plan to prevent a bubble Bloomberg London BRITAIN’S Chancellor of the Exchequer George Osborne should scale back his housing market stimulus next week to prevent prices spiralling, according to a survey
        Bloomberg; PHOTO: BLOOMBERG  -  656 words
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        Lock icon Househunt
        348 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 29 AND FEB 4, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Spottiswoode Park Apt 30/01/2014 85 1270 923 727 District 5 LANDED Faber Hills X-Det 30/01/2014
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        Lock icon Draycott 8 unit up for auction; 4 Sentosa Cove condos up for sale
        832 31 JLL marketing by private treaty the Sentosa units, put up for sale by their mortgagees Singapore A FOUR-BEDROOM apartment in the prime Draycott 8 project has been put up for sheriff’s auction on March 27. JLL, which
        832 words
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      166 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CLASSICAL PURITY IS THE DEFINING AESTHETIC OFTHE JULES AUDEMARS COLLECTION. FOR CENTURIES THE ARTISAN HAS KNOWN THAT IT IS EASIER TO ADD THAN TO SUBTRACT. HERE HOWEVER THE MASTERY OF THE ESSENTIAL HAS PRODUCED A WATCH OF RARE PRESENCE AND UNDERSTATED
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      50 1 LivingBTTHE BUSINESS TIMES WEEKEND MARCH 15 16 2014 THE SCIENCE OF SAVING FACE The booming cosmeceutical business L2-3 SPORTS Cycling for glory, charity L13 HOME GARDEN Forever a work-in-progress L8-9 DINING Classy dogs L4-6 DESIGN Inspired living L10-11 PHOTO: COLBERT MD GUEST CHEF Bjorn Frantzen L7 MOTORING Diesel delights L14-16
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        Lock icon The science of saving face
        1295 2 / 3  -  Specialty unguents backed by celebrity doctors and cutting edge science seem to hold more clout in the competitive realm of skincare than a superstar ambassador or established brand name. By May Yip By May Yip ‘DERMA skincare”, “bioactive compounds” and “medi-aesthetics” the de rigueur buzzwords
        PHOTOS: L'OREAL, PRIVE CLINIC, COLBERT MD  -  1,295 words
    • DINING
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        Lock icon Classy dogs
        1220 4 / 5  -  Two upscale hotdog eateries have opened recently offering premium sausages and crafted beers to wash them down with. Debbie Yong takes a bite Debbie Yong debyong@sph.com.sg Hopdog Block 3C River Valley Road Z*****205 Hours: 5pm-3am (Sun-Thur), 5pm-4am (Fri-Sat) THEY’RE known for their trendy nightspots and youthful branding, so
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        Lock icon Doggone it! Where are they now?
        1294 4 / 5  -  Debbie Yong examines the recent evolution of gourmet hot dogs in Singapore, and why they never got quite as sizzling as gourmet burgers Debbie Yong debyong@sph.com.sg THEY made a ferocious entry to Singapore, but scattered as quickly as they came and with nary a
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        Lock icon Rolling up his sleeves and going native
        1380 7  -  Swedish chef Bjorn Frantzen, who rears his own livestock, wants to get people to think and talk about what they are eating. By Debbie Yong guest chef By Debbie Yong debyong@sph.com.sg DON’T take it to heart if Bjorn Frantzen yawns when you ask
        PHOTO: STEFAN VAN DER KWAST GlSSBERG/ RESTAURANT FRANTZEN; PHOTO: RESTAURANT FRANTZEN  -  1,380 words
    • HOME & GARDEN
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        Lock icon Forever a work-in-progress
        1194 8 / 9  -  From hotels, magazines and TV shows, Charles Yap gleans ideas for his sleek Telok Blangah home. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg HAVING spent seven years working in the hotel industry, Charles Yap thought of his favourite hotels when he was doing
        PHOTOS: YEN MENG JIIN  -  1,194 words
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        Lock icon Inspired living
        670 10 / 11  -  With over 270 Asian and European brands showcasing their products at the inaugural Maison&Objet Asia, there was plenty for everyone to see. We pick 10 items that caught our eye, and that will soon be hitting our local stores. By Tay Suan Chiang taysc@sph.com. sg Chanoyu by Luzerne
        PHOTOS: TAY SUAN CHIANG  -  670 words
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        Lock icon SMALL BUT SOLID
        1021 12  -  The inaugural Maison&Objet Asia may not have matched the Parisian show in terms of size but it still packed a punch. By Tay Suan Chiang taysc@sph.com.sg IT was smaller in size, and with a much fewer number of exhibitors, but the first Maison&Objet Asia sure packed a
        PHOTOS BY TAY SUAN CHIANG  -  1,021 words
    • SPORTS
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        Lock icon Cycling for glory, and a good cause too
        816 13  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent IN JUST a couple of weeks’ time, more than 11,000 cyclists will take to the streets and pedal for glory at the OCBC Cycle Singapore event. This will be the sixth edition of Singapore’s largest
        PHOTO: OCBC  -  816 words
    • MOTORING
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        Lock icon DIESEL DELIGHTS
        589 14  -  With more diesel models coming on the market, Samuel Ee drives a hatchback, sedan and van with turbodiesel engines Samuel Ee samuelee@sph.com.sg ONE interesting response to the re-classification of COE Category A has been the proliferation of turbodiesels. The diesel engine typically offers low power with high torque,
        589 words
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        Lock icon 3D experience
        561 15  -  The BMW 320d turbodiesel is fun to drive and would be even more so if it had a nicer soundtrack. By Samuel Ee samuelee@sph.com.sg IT has the same 2.0-litre turbodiesel as the BMW 520d but the 320d feels like a completely different car. And little wonder. At 1,505
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        Lock icon Capacious Citan
        562 16  -  The Mercedes-Benz Citan has five seats plus a cavernous cargo area. By Samuel Ee samuelee@sph.com.sg MERCEDES-Benz calls the Citan an urban delivery van but narrow your eyes and it can almost pass for a tall estate or an oversized hatchback. As a utility vehicle that can be registered
        562 words
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      1123 6 wine dine with BTWeekend Atrium Lounge Marina Mandarin Singapore 6 Raffles Boulevard, Level 4 Soju Skewers The Atrium Lounge at Marina Mandarin will transform into a bustling Korean food joint from March 1-31, where guests can indulge in Korean barbecue skewers, soju and wines. A choice of scallop, marbled beef,
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      216 13 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer www.shsccentre.com Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or
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