The Business Times, 19 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$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, March 19, 2014
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  • Article
    Lock icon Startups and big firms lift innovation tie-ups
    1090 1  -  160 partnerships formed since launch of Spring Singapore’s Pact scheme last year By JACQUELYN CHEOK jaccheok@sph.com.sg [SINGAPORE] Co-innova-tion collaborating to introduce new ideas or methods –between startups and large organisations (LOs) is beginning to see acceptance here, even as observers question its feasibility
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  • Article, Illustration
    Lock icon OUE, Lippo, Caesars in S Korea casino project
    518 1  -  Group gets nod to build country’s first foreign-owned IR By LYNETTE KHOO lynkhoo@sph.com.sg [SINGAPORE] A consortium consisting of OUE Limited, Lippo Group and Ne-vada-based casino operator Caesars Entertainment has received preliminary approval from the South Korean government to build the country’s first
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,093.84 (+1.70) GST INDEX FUTURES 3,087.00 (+1.00) HSIMSCI 348.11 (-0.49) HSIMSCI FUTURES 347.60 (-0.70) US$ S$ US$ (S$ per US$) 1.265 (US$/S$ per 1.660 2.099 EURO (US$/S$/€ 1.392 1.760 Foreign currency per US$ S$ YEN 101.60 80.40 RM 3.269 2.585 HK$ 7.766 6.141 BAHT 32.13 25.41 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,820.70 +5.54 NIKKEI 225 14,411.27 +133.60 HANG SENG 21,583.50 +109.55 SET INDEX 1,373.08 -4.02 JAKARTA COMP 4,805.61 -70.58 MANILA COMP 6,466.55 +66.56 SEOUL COMP 1,940.21 +12.68 SHENZHEN B 838.00 -2.19 MUMBAI IND 21,832.61 +22.81 12noon EDT Change DOW 16,337.55 +90.33 NASDAQ 4,322.33 +42.38
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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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      126 1 S'PORE NEWS Trade outlook gets a boost PAGE 10 HOCK LOCK SIEW TTI query, trade caution a regulatory overkill? PAGE 6 COMMENTARY The Internet giants: Miracle or mirage? PAGE 24 LAND TRANSPORT Motor insurers’ profits rise 17.3% PAGE 23 The new face of Indonesian democracy OPINION PAGE 25 r Deutsche
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      3 1 *****1 11 *****4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      462 2 Pact brings together firms to co-innovate CO-INNOVATION collaborating to introduce ideas or methods between start-ups and large organisations is beginning to see acceptance here. FRONT PAGE OUE-Lippo-Caesars in S Korea casino project A CONSORTIUM of OUE, Lippo Group and Caesars Entertainment has received approval from South Korea to
      462 words
    • Article, Illustration
      Lock icon China money market funds expose chinks in banking
      1028 2  -  Banks, faced with credit crunch, rely on these funds for short-term liquidity By in SHU-CHING JEAN CHEN in Hong Kong THE explosive growth of an online money market fund launched by the Alibaba Group last summer has exposed the cracks in China’s
      PHOTO: BLOOMBERG  -  1,028 words
    • Article, Illustration
      Lock icon Tension boils over in lead up to this year’s Festival of Arts
      566 4  -  By HELMI YUSOF helmi@sph.com.sg [SINGAPORE] The tension between the head honchos of the upcoming Singapore International Festival of Arts (Sifa) boiled over yesterday when festival director Ong Keng Sen sent a strongly-worded e-mail to the chief executive of
      FILE PHOTO  -  566 words
    • Article
      Lock icon Toyota distributor Borneo quits motor traders’ body
      547 4  -  Exit raises question of body’s relevance since it’ll represent just1/3 of the market By SAMUEL EE samulee@sph.com.sg [SINGAPORE] The Motor Traders Association could soon be the Minor Traders Association if the number of members keeps falling. The Motor Traders Association of Singapore (MTA)
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    • Article
      Lock icon Chinese property developer near insolvency: sources
      936 4 Zhejiang Xingrun owes billions to banks, individuals Reuters Bloomberg [HONG KONG] A Chinese property developer owing billions of yuan to banks and individuals is on the verge of insolvency, and its owner has been detained for illegal fund-raising, government sources in the city where
      Reuters; Bloomberg  -  936 words
    • Article, Illustration
      Lock icon S Korea approves foreign-run casino to attract China tourists
      905 4 Bloom berg [SEOUL] South Korea approved construction of its first foreign-owned casino as Asia’s fourth-largest economy tries to emulate Macau and Singapore in attracting more tourism spending from China. The casino, a joint venture between Las Vegas-based Caesars Entertainment and Lippo,
      Bloomberg; PHOTO: BLOOMBERG  -  905 words
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      132 2 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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      240 2 Experience The City Be Central y fi MM I mm y; V) i s It I /w >1 Promotional Rates Deluxe Room at The Gardens Hotel Residences RM395* (Breakfast and FREE Wifi). For reservations, call 03 2268 1111 or email resvnghr@stgiles-hotels.com Superior Room at The Boulevard RM315* (Breakfast and FREE
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      163 3 jm tlx r&M. ta 65 .1. 500 r/ 70 35 T\ o OMEGA x\' GO 12 EH! I 3 2D S' N B < i i < CO-AXIAL CHRONOMETER \x 170 A 160 S VV/SS 'n 100 150 HO 120 130 140 ■•v V i A v J„ x v
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  • Page 5 Advertisements
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      50 5 OYSTER PERPETUAL SUBMARINER DATE K\ f s H. L‘ It < i THE HOURGLASS TAKASHIMAYA S.C. TEL: 6734 2420 TANG PLAZA. TEL: 6235 7198 ION ORCHARD. TEL: 6509 9282 KNIGHTSBRIDGE. TEL: 6884 8484 ORCHARD CENTRAL. TEL: 6337 8309 RAFFLES HOTEL ARCADE. TEL: 6334 3241 MILLENIA WALK. TEL: 6339 4870 t
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  • COMPANY NEWS
    • Article
      Lock icon TTI query, trade caution a regulatory overkill?
      833 6  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg IT APPEARS that in the wake of last October’s penny stock crash and the measures to strengthen the market that have been proposed since, the Singapore Exchange (SGX) may be going into misplaced regulatory overkill. One
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    • Article
      Lock icon Li’s Watson to raise up to US$6b in IPO: report
      299 6 AFP [HONG KONG] Asia’s richest man Li Ka-shing is planning to raise up to US$6 billion through a dual listing of his flagship retail chain in Hong Kong and London, a report said yesterday, in what would be the world’s
      AFP  -  299 words
    • Article
      Lock icon UOB starts FX unit for small businesses
      591 6  -  By JAMIE LEE leejamie@sph.com.sg UNITED Overseas Bank (UOB) Group has set up a foreign exchange (FX) advisory and trading unit dedicated to small businesses in South-east Asia, as more of them seek advice on FX hedging. This comes as UOB continues to be
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    • Article
      Lock icon Temasek offer a sector re-rating event: Barclays
      554 6  -  Option for large shareholders to step in cannot be ignored By ANDREA SOH sandrea@sph.com.sg SINGAPORE investment company Temasek Holdings’ offer for Olam International could be a sector re-rating event, reflecting the potential for major shareholder groups to step in if soft commodity groups
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    • Article, Illustration
      Lock icon Kerry Logistics open to secondary listing on SGX
      719 7  -  Logical next move with HK IPO done and dusted, and strong 2013 results By ANITA GABRIEL anitag@sph.com.sg KERRY Logistics Network, a unit of tycoon Robert Kuok’s Kerry Properties and one of the hot new listings on the Hong Kong stock exchange last
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    • Article
      Lock icon CIT completes acquisition of Teban Gardens building from EuroSports
      304 7  -  By JACQUELYN CHEOK jaccheok@sph.com.sg CAMBRIDGE Industrial Trust (CIT) has completed its acquisition of the threestorey industrial building at 30 Teban Gardens Crescent from EuroSports Auto, a wholly owned subsidiary of luxury cars distributor EuroSports Global, for $41 million. EuroSports Global, in
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    • COMPANY BRIEFS
      • Article
        Lock icon Midas unit wins deals worth 72m yuan
        66 7 MIDAS Holdings’ unit, Jilin Midas Aluminium Industries, has won 71.9 million yuan (S$14.7 million) worth of contracts from CNR Changchun Railway Vehicles Co, to supply aluminium alloy extrusion profiles for train sets for metro lines in Shenzhen and Wuhan. The contracts are expected
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      • Article
        Lock icon China Fishery completes Copeinca acquisition
        73 7 CHINA Fishery Group has acquired all the remaining shares in Copeinca not owned by the group, and will delist Copeinca from both the Oslo Bors and the Lima Stock Exchange. Prior to the compulsory acquisition, the group had effective ownership of 99.78 per cent of
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      • Article
        Lock icon FSL Trust sells two vessels for US$23.55m
        71 7 FIRST Ship Lease Trust has sold two 15-year-old dry bulk vessels, which were loss-making in FY2013, for US$23.55 million. The disposal is expected to save FSL Trust US$3 million in dry dock capital expenditure in Q1FY14. Proceeds from the sale will be used
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    • Article
      Lock icon Q&M buys dental clinic for $5.5m in shares
      376 7  -  Vendor guarantees annual profit of at least $525,000 By KENNETH LIM kenlim@sph.com.sg Q&M Dental Group (Singapore) has agreed to buy a dental clinic in Singapore’s Orchard Road district valued at $5.5 million in an all-share transaction. The 15.09 million consideration shares will
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    • Article
      Lock icon Suntec Reit tops with YTD returns of 11.1%
      594 9  -  By LEE MEIXIAN leemx@sph.com.sg SUNTEC Reit, which owns prime office and retail space in Singapore’s central business district, has been named the best performing real estate investment trust (Reit) year-to-date, with a total return of 11.1 per cent. This is according to
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    • Article
      Lock icon PICTET
      273 9 Pictet-Absl Rtn Fxd Inc-HP EUR 13/03/2014 EUR 101,99 Pictet-Absl Rtn Glo Div-P EUR 13/03/2014 EUR 114,50 Pictet-Asian Equities Ex Japan-P USD 14/03/2014 USD 178,69 Pictet-Asian Local Currency Debt-P USD 14/03/2014 USD 144,03 Pictet-Biotech-P USD 13/03/2014 USD 624,21 Pictet-Clean Energy-P USD 13/03/2014 USD 86,93 Pictet-Digital Communication-P USD 13/03/2014 USD 209,47
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    • Article
      Lock icon DBS starts scheme to help firms unlock trapped cash
      467 9  -  Aim is to pare their overall banking costs by boosting cash flow internally By RAPHAEL LIM raphlim@sph.com.sg DBS Bank yesterday launched a working capital advisory programme which it says is a worldwide first to help companies analyse their cash flow and
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      61 6 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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      31 6 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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      7 6 www.omy.sg A y fflSrtt JL «X< showbiz.omy.sg
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      284 6 InvestorRelationsHighlights Cordlife to expand umbilical cord tissue storage services Cordlife Group Limited, a multi-product healthcare company catering to the mother and child segment, has extended its strategic alliance with CordLabs Asia Pte. Ltd. (“CAP”) in relation to the provision of umbilical cord tissue storage services (the “Services”) to certain territories
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      540 7 IS YOUR portfolio balanced? REDISCOVER GLOBAL OPPORTUNITIES Many Singaporeans are heavily invested in local equities. If you are one of them, you may be missing out on a world of opportunity. We believe that now is the time to diversify your portfolio by investing beyond Singapore. At Franklin Templeton, we
      540 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Jardine stocks keep STI on even keel
      657 8  -  Index drifts in negative territory for most of the session before closing 1.7 points higher STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent HAVING already risen 18 points on Monday ahead of Wall Street’s Monday jump, the Straits Times Index (STI) yesterday drifted in the
      Source: Bloomberg  -  657 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 2 0 0 0 8 5 2 Manufacturing 42 50 29 10 7 6 52 57 35 Commerce 18 21 20 2 7 2 20 28 22 Tpt/Stor/Comms 16 15 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,747 17,747 58,736 58,736 Manufacturing 271,570 227,746 499,316 157,629 10,199 167,828 Commerce 381,791 240,887 622,678 92,054 14,496 106,550 Tpt/Stor/Comms 93,494 938 94,432 121,741 97 121,839 Finance 22,934 193 23,127 120,995 68 121,063 Construction 27,350 57,643
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      116 8 Stock name Close Change CapMallsAsia 1.725 -0.010 CapitaLand 2.740 -0.030 CapitaMall 1.900 CityDev 9.320 -0.010 ComfortDelGro 1.925 -0.010 DBS Grp 15.840 -0.070 GLP 2.670 -0.050 Genting SP 1.310 -0.010 Golden Agri 0.590 -0.005 HK Land 6.400 +0.050 HPH Trust US$ 0.630 -0.005 JMH 59.900 +0.290 JSH
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 8 Mar 18 VALUE CLOSE BT OB/OS -87.00-164.00 BT CADI -*****.00 -24.00 BT 10-day MA -*****.00 -8.00 FTSE ST Mid Cap 716.53 +1.13 FTSE ST Small Cap 538.83 -0.13 FTSE ST All Share 753.59 +0.50 FTSE ST China Top 197.27 -0.71 FTSE ST China 224.01 -0.54 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME Digiland 257,816,000 Albedo 170,232,000 HanKore 157,075,000 KLW Hldgs 142,446,000 Equation 58,019,000 Thai Beverage 52,978,000 Transcu Grp 48,304,000 Federal Int 44,057,000 Memstar 42,374,000 Charisma Energy 36,899,000 VALUE($) DBS Grp 58,650,880 SingTel 52,461,130 Wilmar 44,713,000 GLP 39,663,430 Thai Beverage 33,244,020 Keppel Corp 31,714,150 EzionHldg 30,786,910 OCBC Bk 26,684,450
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    • Article
      Lock icon BROKERS’ TAKE
      1038 8  -  Compiled by CAI HAOXIANG Singapore Telcos Maybank Kim Eng Research, March 18 WE met 13 clients last week in Kuala Lumpur on a joint Malaysia Singapore telcos marketing trip. We believe clients were on board with our call to continue to buy M1 and StarHub. We argued that
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    • Article, Illustration
      Lock icon Yen trims gains after Putin’s comments
      468 8 CURRENCIES Bloomberg [NEW YORK] The yen yesterday pared its advance against most major currencies after President Vladimir Putin said Russia isn’t seeking to split Ukraine, reducing the safe-haven appeal of the Japanese currency. The euro erased its loss against the US dollar, after weakening
      Bloomberg; PHOTO: BLOOMBERG  -  468 words
    • Article
      Lock icon RISES
      110 8 BY CENTS CLOSE UP Jardine C&C 4384 170.0 4.0 DBXT MSEurope 10US$ 5991 89.8 1.2 JSH 3450 89.8 2.1 SPDRS S&P 500 10US$ ***** 88.5 0.4 DBXT E50 10US$ 5156 87.2 1.4 SPDR DJIA 10US$ ***** 72.1 0.4 DBXT iBoxxSvEu 5US$ ***** 58.2 0.2 DBXT FTVietnam 10US$ 2970 49.3
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      Lock icon FALLS
      127 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -240.2 -1.4 DBXT USDIGInfl 5US$ ***** -65.7 -0.2 Lyxor Indonesia10US$ 8992 -51.8 -0.5 DBXT MSJAP 10US$ 4326 -45.5 -0.8 DBXT DBLCI-OY 5US$ 3436 -34.1 -0.8 DBXT iBoxxKR 5US$ ***** -32.9 -0.2 DBXT DBCBDJUBS 10US$ 3011 -21.5 -0.6 DBXT MSKorea 10US$ 6002 -20.2
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      138 9 4 Your insight m Wf 'v f Our ideas Ik m «•> w Their world V Swiss Re f m Tm\ i lit t SWISS RE 150 YEARS 4 =-;c:„ 1 I I* y December }9th, 1863. Forlthe last 150 years, it has been our business at Swiss Re to
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Confidence in trade outlook rebounds
      428 10  -  Sentiment at 2-year high as exporters, importers see higher external demand By KELLY TAY kellytay@sph.com.sg THANKS to improving global economic conditions, confidence in Singapore’s trade outlook has reached its highest level in two years, an HSBC report released yesterday showed. With both exporters and importers
      BT Graphics; Source: HSBC TCI data  -  428 words
    • Article
      Lock icon SMEs to receive bulk of $800m in wage credits
      329 10  -  By LISABELLE TAN By lisatan@sph.com.sg BY the end of this month, about $800 million will be disbursed to more than 74,000 employers in the first tranche of Wage Credit Scheme (WCS) payouts. Small and medi-um-sized enterprises (SMEs) will receive the lion’s
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    • Article, Illustration
      Lock icon Tupperware plans expansion into the Asia-Pacific
      397 10  -  It will do so through innovative products, bigger sales force By GOH KANG SHIONG gohkangs@sph.com.sg TUPPERWARE Brands expects to grow further in the Asia-Pacific, with the region offering the highest growth rate among its markets in recent times, said Tupperware Brands executive vice-president Christian
      PHOTO: YEN MENG JIIN  -  397 words
    • Article, Illustration
      Lock icon Kids’ art up for charity auction
      466 10 AN exhibition of seainspired art works by artists aged below 19 is being held at the Marine Life Park at Resorts World Sentosa, after which the 16 art pieces will be auctioned off to raise funds for two children’s charities. The inaugural Ocean Art
      FILE PHOTO  -  466 words
    • Article, Illustration
      Lock icon Goodbye SSC, hello Sport Singapore
      539 10  -  b y JAIRA KOH By jairakoh@sph.com.sg FROM April 1, the Singapore Sports Council (SSC) will be known as Sport Singapore. The new name, part of the rebranding of the statutory board, will take it through Vision 2030, under which the Sports Facilities Master Plan will
      539 words
    • Article
      Lock icon Look beyond Yangon, businesses urged
      363 10  -  B y JAIRA KOH jairakoh@sph.com.sg THE chief ministers of Myanmar’s various regions yesterday urged Singapore businesses to look more at tapping emerging opportunities outside Yangon. They said at a dialogue arranged by IE Singapore that an international airport was coming up in the Bago region
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  • Article, Illustration
    Lock icon Taking career services to the next level
    1349 11 SMU is going the extra mile to not only help their graduates land their first job, but excel at it as well A Special Feature Brought to You By Singapore Management University TAX specialist Lim Kexin believes that she needs to have skills
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  • Article
    Lock icon Providing the extra touches
    198 11 APART from offering the internship and Finishing Touch programmes, SMU’s Dato’ Koh Hui Meng Career Centre offers complementary enrichment workshops to help students prepare for the corporate world. Workshop topics include “Surviving Your First 100 Days”, “Fine Dining Etiquette”, “Wine Appreciation” and skill-based workshops to help
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      207 11 VERSATILE, BOLD AND ARTICULATE. TRAITS WELL REGARDED BY EMPLOYERS. Singapore Management University pioneered a holistic and interactive form of education in Singapore. Our cross-disciplinary, broad-based curriculum, with a strong focus on ethics and social responsibility, will transform you into a versatile and well-rounded graduate. Global exposure through overseas student exchange
      207 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M’sia industrial land prices seen rising by 10%
      473 12  -  Growth in manufacturing activity, supply shortage cited By in PAULINE NG in Kuala Lumpur AMID a supply shortage, prices of industrial land in Malaysia are expected to rise by double digits this year on the back of an expansion in manufacturing activity.
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    • Article
      Lock icon Top Japan banks win M’sian syariah licences
      853 12 Bloomberg [KUALA LUMPUR] Japan’s three biggest lenders have won licences to offer Islamic banking services in Malaysia, where syariah-com-pliant assets have doubled in the past five years. Sumitomo Mitsui Banking Corp Malaysia Bhd, a unit of Japan’s second-larg-est bank by market value, obtained
      Bloomberg  -  853 words
    • Article
      Lock icon Indonesia ore export ban hurts trade: World Bank
      403 12 Reuters [JAKARTA] The World Bank delivered a blunt assessment of Indonesia’s ban on mineral ore exports yesterday, warning that it would hit trade and government revenue and risked undermining already weak investor sentiment towards South-east Asia’s biggest economy. Implemented in January, five
      Reuters  -  403 words
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      2515 12 *AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices HENGXIN TECHNOLOGY HENGXIN TECHNOLOGY LTD. (carrying on business in Hong Kong as HX Singapore Ltd.) (Company Registration Number *****4927H) (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hengxin Technology
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      67 12 ANGELUS.COM LTD (In Voluntary Liquidation) Company No. *****0 NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 7th March 2014. The Liquidator is Simon Filmer of Offshore Incorporations Centre, PO
      67 words
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      Lock icon Page 12 Advertisements Column 3
      28 12 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
      28 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Alibaba, Weibo see benefits in US listing
      608 13 The Chinese tech firms are opting for maximum visibility and access to capital AFP [NEW YORK] In picking the US to launch initial public offerings rather than their home market, Chinese technology companies Alibaba and Weibo are opting for maximum visibility and access
      AFP; PHOTOS: BLOOMBERG  -  608 words
    • Article
      Lock icon Tata chairman to spend at least US$8b on infrastructure development
      412 13 Bloom berg [MUMBAI] Cyrus Mistry, chairman of India’s Tata group, is planning to spend at least US$8 billion building roads, airports and housing, betting a stable administration after India’s coming elections will lead to a new wave of infrastructure development.
      Bloomberg  -  412 words
    • Article
      Lock icon China’s FDI growth slows sharply in Feb
      381 13 Govt cites New Year holidays; investment in Jan-Feb up 10.4% Reuters [BEIJING] China drew US$19.3 billion in foreign direct investment (FDI) in the first two months of 2014, up 10.4 per cent from a year earlier, the Commerce Ministry said yesterday, indicating a
      Reuters  -  381 words
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      159 13 ARE YOU OUR TOP PICK IN ENHANCING SINGAPORE-CHINA RELATIONS? J r* t B BusinessChinaAwards 2014 serff "4 Ji m www.businesschina.org.sg/bcawards NOMINATIONS NOW OPEN The Business China Awards was incepted in 201 0 by Business China to honour outstanding individuals and organisations for their immense contributions to Singapore-China relations as well
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  • WORLD
    • Article
      Lock icon Fund managers raise cash holdings: survey
      690 14  -  Crimea, China worries weigh on sentiment; 81% cite geopolitical threat By NEIL BEHRMANN In London GLOBAL fund managers are no longer super-bullish. They have increased their cash holdings because they fear the market consequences of a Russian takeover of Crimea and an economic downturn
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    • Article, Illustration
      Lock icon Pharma firms race to launch biotech asthma drugs
      327 14 Reuters [LONDON] Rival firms are racing to develop injectable biotech asthma drugs for patients with severe asthma who don’t respond well to traditional inhalers, in pursuit of a new market worth a possible US$7.5 billion. Britain’s GlaxoSmithKline, the leader in asthma treatments
      Reuters; PHOTO: BLOOMBERG  -  327 words
    • Article, Illustration
      Lock icon Consumer inflation muted in Feb
      475 14 Housing starts in Feb fall for a third straight month LATEST US DATA Reu ters [WASHINGTON] US consumer inflation was muted last month and housing starts fell for a third straight month in February, but the weak data probably will not dissuade the Federal Reserve
      Reuters; PHOTO: AFP  -  475 words
    • Article
      Lock icon SocGen to ask investors to ease bonus limits
      440 14 Bloomberg [PARIS] Societe Generale SA (SocGen), France’s sec-ond-largest lender by market value, became the first among Europe’s leading investment banks to formally seek shareholder permission to pay bonuses amounting to twice bankers’ salaries. The bank will seek a two-thirds majority at its
      Bloomberg  -  440 words
    • Article, Illustration
      Lock icon Low rates spurring growth, says RBA
      654 15 A period of steady borrowing costs is likely, the central bank reiterates Bloomberg [SYDNEY] Australia’s central bank said that it saw more signs that record-low interest rates were stimulating growth, and reiterated a period of steady borrowing costs was likely. “Timely indicators were consistent
      Bloomberg; PHOTO: BLOOMBERG  -  654 words
    • Article
      Lock icon Thailand to end state of emergency as protests ease
      330 15 AFP [BANGKOK] Thailand will lift a nearly two-month-old state of emergency in Bangkok and surrounding areas following an easing of political protests in the capital, a senior official said yesterday. The use of emergency rule dealt a heavy blow to Thailand’s
      AFP  -  330 words
    • Article
      Lock icon Sony cuts jobs in entertainment division: source
      461 15 Reductions are part of CEO’s effort to improve profitability Bloomberg [LOS ANGELES] Sony Corp began a new round of job cuts at its entertainment division, a person with knowledge of the situation said, part of chief executive officer Kazuo Hirai’s effort to improve
      Bloomberg  -  461 words
    • Article, Illustration
      Lock icon ETFs outshine bullion funds as safe haven
      871 16 Investors made more money buying gold-mining shares instead of the metal Bloomberg [NEW YORK] Investors seeking a hedge against a waning US economic recovery and escalating conflict in Ukraine made twice as much money buying gold-mining shares rather than the metal the companies
      Bloomberg; PHOTO: REUTERS  -  871 words
    • Article
      Lock icon Portugal’s opposition rejects budget pact with govt
      330 16 Reuters [LISBON] Portugal’s opposition Socialists rejected an agreement with the government on a long-term plan to reduce the budget deficit after the country exits its international bailout later this year. The rejection came after Socialist leader Antonio Jose Seguro met Prime Minister Pedro
      Reuters  -  330 words
    • Article
      Lock icon Funds’ risk controls to come under CFTC scrutiny
      318 16 Bloomberg [WASHINGTON] Hedge-fund and mu-tual-fund firms will face scrutiny of their risk-management practices in a meeting with the top US derivatives regulator. The Commodity Futures Trading Commission (CFTC) staff is scheduled to meet in Washington to discuss funds’ controls for risks that
      Bloomberg  -  318 words
    • Article, Illustration
      Lock icon High-tech goods to lead trade growth: HSBC
      734 17 Asia moving from low-cost production hub to developing value-added goods Reuters [WASHINGTON] Exports of high-tech products will grow more quickly than exports of other goods over the next 15 years as emerging Asia moves away from being a low-cost production hub for foreign
      Reuters; PHOTO: REUTERS  -  734 words
    • Article
      Lock icon AmEx to sell 50% stake in business travel division
      456 17 Bloomberg [NEW YORK] American Express Co has agreed to sell a 50 per cent stake in its business travel division for US$900 million as it seeks to boost revenue from corporate bookings. AmEx will create a joint venture with an investor
      Bloomberg  -  456 words
    • Article
      Lock icon YouTube and Vimeo get new competitor
      345 17 Wonder will charge a fee, target brands and professionals Reuters [LONDON] Wonder PL, a new video platform for lifestyle content that launched on March 13, is taking direct aim at YouTube and Vimeo while hoping to capitalise on the soaring popularity of online video.
      Reuters  -  345 words
    • Article
      Lock icon BOJ easing pushes up land prices in Japanese cities
      620 18  -  But government official rejects notion of an asset bubble building up By in Tokyo ANTHONY ROWLEY in Tokyo LAND prices in some major Japanese cities rose last year for the first time in many years by more than 10 per cent
      620 words
    • Article
      Lock icon Views split on how to tackle Japan’s debt
      835 18 At stake is ensuring an improvement in nation’s finances Bloomberg [TOKYO] Economists are split over how long Japan’s government has to rein in the world’s biggest debt burden, a Bloomberg News survey shows, adding to a debate on whether the government should
      Bloomberg  -  835 words
    • Article, Illustration
      Lock icon Japan in cyber attack drill ahead of Olympics
      349 18 AFP [TOKYO] Japan held a gov-ernment-wide cyber security drill yesterday in a bid to improve coordination among public agencies and major businesses, as Tokyo prepares to host the 2020 Summer Olympics. The mock cyber attack for the first time brought together 21
      AFP; PHOTO: AFP  -  349 words
    • Article, Illustration
      Lock icon Next BOK chief seen as a hawk by Korea bond market
      1074 18 Bloomberg [SEOUL] As lawmakers prepare to question the next Bank of Korea (BOK) governor for the first time, the bond market has already passed judgment and labelled him a hawk. Sovereign bonds slid the most in two months on
      Bloomberg; PHOTO: BLOMBERG  -  1,074 words
    • Article
      Lock icon Exxon sells US$5.5b of bonds in first offering in decades
      307 18 Bloom berg [NEW YORK] Exxon Mobil Corp has sold US$5.5 billion in its biggest bond offering on record as the world’s largest energy producer by market value ends a more than two-decade hiatus from the US bond market. Exxon, which
      Bloomberg  -  307 words
    • Article
      Lock icon Norway’s SWF under scrutiny for returns
      668 20 Move could affect how much oil revenue the govt uses in its budgets Bloomberg [OSLO] Norway is examining new ways to calculate returns generated by the world’s biggest sovereign wealth fund in a move that could affect how much oil revenue the government uses
      Bloomberg  -  668 words
    • Article, Illustration
      Lock icon Fed seen linking qualitative guidance to rate hike
      976 20 It’ll probably discard its 6.5% jobless rate threshold: survey Bloomberg [WASHINGTON] The Federal Reserve will probably discard its 6.5 per cent jobless rate threshold while adopting qualitative guidance for signalling when it will consider raising the benchmark interest rate, economists said in
      Bloomberg; PHOTO: AFP  -  976 words
    • Article
      Lock icon Swiss economy to continue on growth path
      244 20 Reuters [ZURICH] The Swiss economy is likely to spring back from a weak fourth quarter and strengthen in the next two years, but some global economic risks remain, the government said yesterday, as it confirmed its growth outlook for 2015. Switzerland’s economy stumbled
      Reuters  -  244 words
    • Article
      Lock icon Currency market inches towards electronic fix
      1099 20 Reuters [LONDON] Work is moving forward on a new way for the foreign exchange market to set its “fixing” benchmarks, senior bankers say, after another week of revelations in the row over alleged market manipulation which has rocked the industry. While there are substantial
      Reuters  -  1,099 words
    • Article, Illustration
      Lock icon New York Drobing highfrequency trading
      292 20 Reu ters [NEW YORK] New York Attorney General Eric Schneiderman is investigating whether US stock exchanges and alternative trading venues provide improper advantages to high-frequen-cy traders, Bloomberg reported, citing a person with direct knowledge of the matter. Mr Schneiderman’s office is examining the sale of
      Reuters; PHOTO: BLOOMBERG  -  292 words
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      74 14 fv A Harmony Of Flavours Reign At Szechuan Court Master Chef Mok Wan Lok brings together the finest dining pleasures at Szechuan Court with his innovative and harmonised menu, intertwining traditional and beloved Cantonese fare with legendary Szechuan delicacies. For reservations, please call +65 6431 6156, email dining.singapore@fairmont.com or book
      74 words
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      1456 15 s* *AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF KBD CALDECOTT DEVELOPMENT PTE. LTD. (Company Registration No: *****0403G) (Incorporated in Singapore) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies
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      133 15 ■*v r t ff y L-. Six Battery Rd Suntec Tower 3 Centre PSA Building WORLD’S FINEST SERVICED OFFICES SERVICED OFFICES For the 1-10 man business VIRTUAL OFFICE Everything but the Office Fully furnished prestigious offices Business registration offices available Dedicated receptionist answering your calls the way you would like
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      1760 16 Mlffl 1NLJI Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices 4^ Transcu Group Limited TRANSCU GROUP LIMITED (Incorporated in the Republic of Singapore) (Reg. No. *****0320E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of TRANSCU GROUP LIMITED (the "Company”) will be held at YMCA one
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      423 17 ASUSPRO PU301 Total Security Solution iRresorder^ Tough Anti-shock HDD Strengthened structures with shock-absorbing sponge cushions ASUSPRO PU301LA-R0050G Intel® Core™ i7-4500U Processor (4M Cache, up to 3.0 GHz) Windows 8 Pro (Windows 7 Professional downgrade rights included) Intel HD Graphics 4400 13.3" HD LED-backlit TFT LCD 1366x768 Non Glare 802.11 ago
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      32 18 KATS NOTICES Notice Track down beneficiaries of estates in the new Wills Probate section in The Straits Times. To place such notices, lawyers and estate administrators can call 1800-289-8822 ore-mail: notices@sph.com.sg NOTICES
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      2977 19 m Elec Eltek fix 1SI Elec Eltek International Company Limited (Incorporated in the Republic of Singapore with Limited Liability) Singapore Company Registration Number: *****0005H (Hong Kong Stock Code: 1151) (Singapore Stock Code: E16.SI) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the members
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      2028 19 Trust CAPITACOMMERCIAL TRUST (Constituted in the Republic of Singapore pursuant to a trust deed dated 6 February 2004 (as amended)) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting ("AGM") of the holders of units of CapitaCommercial Trust (“CCT”, and the holders of units of
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  • Transport HUB
    • Article
      Lock icon Industry players see dry bulk making strong rebound
      959 21  -  China and India tipped as leaders of sector’s recovery in the next few years By MALMINDERJIT SINGH msingh@sph.com.sg DRY bulk shipping is tipped to have the most potential within the broad maritime sector in the coming few years, with China and India
      959 words
    • Article
      Lock icon Guarding against complacency on safety
      683 21  -  STRAIT TALK By DAVID HUGHES THE opening conference at Asia Pacific Maritime today is on container shipping and will focus on likely changes in the box trades in the era of megaconsortia and megaships. In general, we have become very used to huge vessels crossing
      683 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon China finds no terrorist link to nationals on missing jet
        579 22 Turn from flight path programmed into plane’s navigation system AFP [KUALA LUMPUR] Intelligence checks on 153 Chinese nationals on a missing Malaysia Airlines plane produced no red flags, China said yesterday, as Malaysia marshalled ships and planes from 26 countries
        AFP; PHOTO: BLOOMBERG  -  579 words
      • Article
        Lock icon MH370 flown into navigational black hole
        902 22 Meticulous planning needed to vanish into radar darkness Reuters [KUALA LUMPUR] Whoever reached across the dimly lit cockpit of a Malaysia Airlines jet and clicked off a transponder to make Flight MH370 vanish from controllers’ radars flew the plane into a navigational and technical
        Reuters  -  902 words
      • Article
        Lock icon Predictive analytics ‘can boost airlines’ ops, profitability’
        391 22  -  By nishar@sph.com.sg NISHA RAMCHANDANI nishar@sph.com.sg AIRLINES can leverage on predictive analytics to make better operational decisions and run more profitably as they navigate a tough operating environment, according to software firm FICO. There is rising interest from airlines as carriers seek to protect
        391 words
      • Article
        Lock icon LATAM Airlines posts net loss of US$46.1m for Q4
        260 22 Revenue drop, forex loss from real’s depreciation cited Reuters [SANTIAGO] LATAM Airlines posted a net loss of US$46.1 million for the fourth quarter due to a drop in revenue and a foreign exchange loss stemming from the Brazilian real’s depreciation, the
        Reuters  -  260 words
      • Article
        Lock icon TRANSPORT STOCKS
        246 22 SGX '000 Mar 18 S$ +/-Vol Ch Offshore unch unch 0 Chuan Hup Hldg 0.26 -0.01 306 Cosco Corp 0.69 unch 552 Cwt Limited...............1.29 -0.01 207 First Ship Lea 0.09 0.01 756 Grand Banks unch unch 0 Jaya Hold Ltd Cosco Corp K1Ventures................0.20 unch 1199 Keppel Corp 10.62
        246 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Motor insurers’ profits rise 17.3% to $59m
        516 23  -  General insurance industry up 4.5% at $3.5b in total gross premiums By SAMUEL EE samuelee@sph.com.sg MOTOR insurers in Singapore stayed in the black for the third straight year, turning in an underwriting profit of $59.1 million for 2013, up 17.3 per cent from
        516 words
      • Article, Illustration
        Lock icon GM recalls 1.5m more cars, CEO sorry
        744 23 Reuters [DETROIT] General Motors (GM) has announced new recalls of 1.5 million vehicles and, in a virtually unprecedented public admission by a GM chief executive, Mary Barra acknowledged that the company fell short in catching faulty ignition switches linked to 12 deaths. “Something
        Reuters; PHOTO: REUTERS  -  744 words
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      347 21 *3 ,h edition o' Asia Pacific MARITIME 'Hr.. \Mor^ boat Onshore Wding Marine ARM 20U OPENS TODAY! 19-21 March 20U Hall A, B, C. D, E F Marina Bay Sands, Singapore Register and win iPad an Air! SMS <APM><your name><company name><mobile no.> to 9113 6891 •Terms conditions apply MBS All
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      25 22 Under the Community/Sports Facilities Scheme 25 commercial projects to get extra gross floor area -’6!40$ #/287*.+&31 fd To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      348 22 CRYPTIC CROSSWORD Across 1 Discovering mailbag has them horrified (6) 4 Soldiers may rely on one before going for a dip (3,5) 10 Instrument from hospital wing operating primarily intensive care areas (9) 11 A carbon free bitter (5) 12 Son inclined to be awkward in delivery (7) 13 Abandon
      348 words
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      40 23 APP NOW ON ANDROID I IPHONE SoShldk Enjoy a mouth-watering buffet of food news and reviews from The Straits Times, The Business Times and The Mew Paper on the new SoShlok App! SG’s Yummiest Food News Reviews www.soshiok.com mm aif«
      40 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon China’s small step towards currency reform
      548 24 EDITORIAL STARTING Monday, the Chinese yuan’s trading band has been doubled from one per cent to two per cent on either side of the so-called parity rate which is set by the People’s Bank of China (PBOC), the country’s central bank, as a peg
      548 words
    • Article, Illustration
      Lock icon US reduces defence spending at its own risk
      774 24  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THE crisis in Ukraine reminds us that the future is unpredictable, that wars routinely involve miscalculation and that brute force boots on the ground, bombs in the air counts. None of these
      The Washington Post Writers Group  -  774 words
    • Article, Illustration
      Lock icon The Internet giants: Miracle or mirage?
      1285 24  -  Internet users have become used to free, but free is not sustainable in the long run By MICHAEL WADE The writer is professor of innovation and strategic information management at IMD and is programme director of Orchestrating Winning Performance, taking place in Singapore from
      PHOTO: BLOOMBERG  -  1,285 words
    • Article, Illustration
      Lock icon The roots of Ukrainian revolution
      1070 25  -  What is unfolding in Kiev is the story of two competing, ideological strands within the country’s society By SIM LI-CHEN The writer is an assistant professor of politics at Zayed University (Abu Dhabi campus) in the United Arab Emirates THANKS to Russia’s military intervention in
      PHOTO: AFP  -  1,070 words
    • Article, Illustration
      Lock icon The new face of Indonesian democracy
      989 25  -  By DERWIN PEREIRA The writer, who covered Indonesia as a journalist for more than a decade, heads Pereira International, a Singapore-based political consultancy. He is also a member of the Belfer Center for Science and International Affairs at Harvard University INDONESIA’S democratic consolidation took
      PHOTO: REUTERS  -  989 words
    • Article
      Lock icon Is Olam price spike due to market misconduct?
      547 25 LETTER TO THE EDITOR THE commentary, “Why no SGX query on Olam price surge? (BT, March 15), mentions the perception that SGX may be less willing to query government-linked companies (GLCs). As part of a soon-to-be-completed study on market reaction to responses
      547 words
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      28 25 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Article
    Lock icon SHIPPING TIMES
    2334 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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      126 27 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II 1 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times
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      Lock icon Page 27 Advertisements Column 2
      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
      3090 28 Transaction date: Mar 18 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 Last 20 3.3 A-Sonic Vol Day Last Quote Div Gr Yld Net M Cap 181.6 102.4 AIMSAMPIReit 131.5 -0.5 594
      3,090 words
    • Article
      Lock icon SGX CATALIST
      281 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 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller
      281 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11229 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.5/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1.8698/ China Opportunities 1 2 5939/ EM Local Ccy Bond *****/ European Opportunities 1 1 3164/ Global Emerging Markets 1
      11,229 words
    • Article
      Lock icon GLOBALQUOTE
      249 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 $mil Low 52 35.5 Genting HK US$ US40 unch 3367 40 39.5 39.5 40 2633.8 Last 318 191 TanChongInt HK313 +1 12 313 313 309 312 4.3 2.2
      249 words
    • Article
      Lock icon SGX ETF
      1117 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 $mil 121 108.3 ABF SG Bond ETF 113 1 113 113 113 114 515.8 143 119 CIMB APAC Div 100S$D 123.6 123 125 114.4 94 CIMB APAC
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      677 30 Mar 18 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.41 *****.25 *****.72 Jun14 *****.00 *****.00 *****.00 *****.00 *****1 *****9 Sep14 *****.00 0 2206 MSCI TAIWAN INDEX FUTURES SPOT 307.96 308.46 306.52 Mar14 306.30 308.60 306.20 307.70 ***** *****4 Apr14 306.40 308.20 306.20 307.70
      677 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Mar 17 Index Change Change Change Change Change Change World Preliminary 1171.9 0.6 -1.1 0.6 -0.4 0.6 -0.6 EAFE Preliminary 922.6 0.5 -3.5 0.5 -1.9 0.5 -2.0 Europe Preliminary 1338.1 0.9 -1.2
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 30 Mar 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.003 5.614 0.652 7.049 55.407 102.655 0.922 9.704 2.967 1.062 89.844 40.563 1.148 9.773 0.793 27.553 29.163 0.547 0.908 Canada 0.997 5.599
      471 words
    • Article
      Lock icon SIBOR
      34 30 Mar 18 (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
      88 30 Mar 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.3 1-Year BY*****T 31-Oct-14 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.54 101.62 101.62 5-Year NX*****W 2.5 01-Jun-19 105.28 105.42 105.30
      88 words
    • Article
      Lock icon PRECIOUS METALS
      140 30 Mar 18 GOLD(US$/oz) Mar 18 Mar 17 Hong Kong 1362.00 1384.00 Mar 17 Mar 14 London 1372.44 1375.76 1373.66 1376.53 Source: Thomson Reuters CAST BAR Mar 18 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 82 53 5gm 329 274 10gm 616 551
      140 words
    • Article
      Lock icon PALM OIL
      57 30 Mar 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 14 2829.0 2839.0 2866.0 2800.0 816 6140 May 14 2764.0 2767.0 2789.0 2758.0 ***** ***** Jun 14 2732.0 2737.0 2760.0 2729.0 ***** ***** Jul 14 2700.0 2703.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 30 Mar 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1471 1.1485 0.9074 0.9079 Canadian dollar 1.1442 1.1453 0.9054 0.9051 Euro 1.7591 1.7604 1.3915 1.3916 NZ dollar 1.0803 1.0814 0.8545 0.8549 Sterling pound 2.0979 2.0995 1.6595 1.6597
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 30 Mar 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1391.75 1388.50 1395.75 1375.50 Jul 14 1375.25 1371.75 1380.00 1361.00 Aug 14 1336.50 1333.25 1342.75 1324.25 Sep 14 1234.50 1232.25 1237.75 1224.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14
      109 words
    • Article
      Lock icon LIFFE
      94 30 Mar 17 COCOA (£/tonne) Close Prev High Low May 14 1898 1878 1901 1868 Jul 14 1893 1874 1895 1863 Sep 14 1892 1873 1893 1863 Dec 14 1871 1855 1873 1848 COFFEE(US$/tonne) Close Prev High Low Mar 14 2225 2241 2232 2205 May 14 2159 2175 2173 2125
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1095 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 44 1 8 0.0 5 -90 52 Asia-Pacific Strategic W*****6 1 0.5 233 1 123 156 48.50 2 Ratio Exer Ascendas Reit MB eCW*****1 2 0.2 210 1
      1,095 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Mar 17 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.85 -1.28 WTI (Near Mth) 97.98 -1.04 Dubai (1-Mth F) 104.12 0.63 Tapis blend 112.61 0.43 Minas 107.71 0.43 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.61 -0.45 Jet Kerosene 119.39 0.29 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Mar 18 S$ Bid Offer 1-month 1.2642 1.2650 2-months 1.2642 1.2650 3-months 1.2641 1.2650 6-months 1.2639 1.2648 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 30 Mar-17 Mar-17 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1681.25 1697.50 3 months 1724.50 1740.00 Copper, Grade A(US$/tonne) Cash 6500.50 6492.50 3 months 6480.00 6469.00 Lead(US$/tonne) Cash 2034.00 2020.50 3 months 2058.00 2041.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Mar 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.174 1.119 Can dollar 1.164 1.120 Euro 1.801 1.716 Sterling pound 2.142 2.060 NZ dollar 1.108 1.066 US dollar 1.289 1.228 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 30 Mar 18 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.05 US$ 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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      236 31 ecli upi SME MARKETING BOOTCAMP NEED LOW COST SOLUTIONS TO MARKET YOUR BUSINESS? JOIN US AT THIS 2-DAY WORKSHOP TO PICK UP SOCIAL, VIDEO AND MOBILE MARKETING SKILLS What You Will Learn: How to harness social media sites as a marketing tool Produce your own videos to give your business
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  • executive Money
    • Article, Illustration
      Lock icon Boost for inflation-linked ETFs
      1364 32  -  Higher income and expectations of rise in consumer spending in the US are right on cue with Fed inflation target, report CORDELL EDDINGS and DANIEL KRUGER reportCORDELL reportCORDELL EDDINGSandDANIEL KRUGER Bloomberg [NEW YORK] THE Federal Reserve’s attempt to lift inflation to a level that would reflect
      Bloomberg; PHOTO: BLOOMBERG  -  1,364 words
    • Article, Illustration
      Lock icon Yuan no longer a one-way bet
      1370 31  -  Financial overhauls under way are likely to redefine China’s growth model and reverberate in economies beyond its borders, reportsNEIL NEIL GOUGHMARCH NYT [HONG KONG] NE of the surest bets on China is starting to look a bit shaky. For the past nine years, each
      NYT; PHOTO: REUTERS  -  1,370 words
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