The Business Times, 20 March 2014

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

Microfilm: NL33075
Total Pages: 31
1 32 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, March 20, 2014G
    25 words
  • Article
    Lock icon MAS survey forecasters pull back on 2014 growth
    853 1  -  They revise growth projections down to 3.8%, from 3.9% median forecast in December’s poll Economists say the downward revision is likely due to concerns about China’s shadow banking crisis and a slower-than-expected US recovery. By KELLY TAY kellytay@sph.com.sg [SINGAPORE] Forecasters polled by
    853 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,080.75 (-13.09) HST INDEX FUTURES 3,081.00 (-6.00) HSIMSCI 347.36 (-0.74) HSIMSCI FUTURES 347.50 (-0.10) US$ S$ US$ (S$ per US$) 1.265 (US$/S$ per 1.660 2.100 EURO (US$/S$/€ 1.392 1.761 Foreign currency per US$ S$ YEN 101.60 80.30 RM 3.277 2.591 HK$ 7.764 6.138 BAHT 32.13 25.40 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,817.44 -3.26 NIKKEI 225 14,462.52 +51.25 HANG SENG 21,568.69 -14.81 SET INDEX 1,364.27 -8.81 JAKARTA COMP 4,821.46 +15.85 MANILA COMP 6,462.49 -4.06 SEOUL COMP 1,937.68 -2.53 SHENZHEN B 830.74 -7.26 MUMBAI IND 21,832.86 +0.25 12noon EDT Change DOW 16,333.78 -2.41 NASDAQ 4,325.89 -7.42
      48 words
    • 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
      23 words
  • Article, Illustration
    Lock icon Olam suitor knocks on Temasek’s door
    575 1  -  Sime Darby said to have sought a place in the consortium By sandrea@sph.com.sg ANDREA SOH sandrea@sph.com.sg With additional reporting by S Jayasankaran [SINGAPORE] The largest public palm oil producer in the world might still be keen to dip its finger in the Olam pie.
    Source: NUS Risk Management Institute  -  575 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      81 1 HOCK LOCK SIEW DBS’s buy useful but hardly earthshaking PAGE 7 PROPERTY 700 Beach up for sale again as hotel PAGE 31 SHIPPING Bigger container ships may hinder recovery PAGE 21 COMMENTARY JPX eyes Asian tie-ups via bonds, infra funds PAGE 22 *****1 11 *****4 cartier. sg Ccuiier TANK MC
      81 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      379 2 2014 growth: Forecasters less optimistic FORECASTERS polled by Singapore’s central bank expect the economy to expand by 3.8 per cent in 2014 a less optimistic outlook compared to three months ago. FRONT PAGE Olam suitor knocks on Temasek’s door THE largest public palm oil producer in the world
      379 words
    • Article
      Lock icon Fully convertible yuan seen before 2020
      1140 2  -  Observers cite low inflation, yuan being near equilibrium value, stable surplus By LYNETTE KHOO lynkhoo@sph.com.sg [SINGAPORE] The Chinese currency is gathering steam on the way to full liberalisation, so much so that some economists reckon that full convertibility of the renminbi will take place
      1,140 words
    • Article, Illustration
      Lock icon Tembusu launches 2nd bitcoin machine
      609 2  -  It is holding back on two-way machine for the moment By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] AS Tembusu Terminals launched its second bitcoin vending machine here yesterday, the bitcoin party continued but some operators are mindful about keeping the music down in the wake of regulatory
      PHOTO: AFP  -  609 words
    • Article
      Lock icon Bankers increasingly hired for their global insight
      813 2 Bloomberg [LONDON] A packed passport appears to be a pre-requisite to running a modern central bank. Less than a year since Mark Carney swapped the governorship of the Bank of Canada for that of the Bank of England (BOE), Nemat Shafik of the
      Bloomberg  -  813 words
    • Article
      Lock icon Corrections
      103 2 IN “Suntec Reit tops with YTD returns of 11.1%” (BT, March 19), the table gave two wrong figures. The indicative dividend yield for Mapletree Greater China Commercial Trust should have been 7.5 per cent, not 3.8 per cent. This was a Bloomberg data error. The total returns year-to-date for
      103 words
    • Article, Illustration
      Lock icon Inflation target can be reached: BOJ chief
      577 4  -  By ANTHONY ROWLEY in Tokyo BANK of Japan (BOJ) governor Haruhiko Kuroda yesterday voiced fresh confidence that the central bank can achieve its 2 per cent annual inflation target, and that a raft of “supply side” reforms planned this year by Prime Minister
      PHOTO: AFP  -  577 words
    • Article
      Lock icon Passenger car COE premiums advance
      429 4  -  Only Cat C for goods vehicles bucks trend by falling $2,411 to $53,891 By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] Premiums for passenger car certificates of entitlement (COE) rose yesterday in the second tender of March. Category A, for cars below 1,600cc and 130 hp, climbed $1,603
      429 words
    • Article, Illustration
      Lock icon April launch for Farrer Square medical suites
      678 4  -  By RAPHAEL LIM raphlim@sph.com.sg [SINGAPORE] RB Capital will be launching its medical suites at Farrer Square for sale next month, chief executive officer Kishin RK told The Business Times. The 42 strata medical suites, located above Farrer Park MRT station, are part of
      678 words
    • Article
      Lock icon China smog deters top foreign talent
      495 4 Survey respondents also chafed at perceived state enterprise favouritism Reuters [BEIJING] China’s smog is making it harder for foreign firms to convince top executives to work in the country, the American Chamber of Commerce in Beijing said yesterday, offering some of the strongest evidence
      Reuters  -  495 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      65 2 KnightFrank.com.sg Chin Bee Food Factory For Sale A purpose built part 3 part single factory on rectangular shape land 5 mins drive to Boon Lay MRT and easily accessible via AYE PIE LandArea Approx. 4,933 sm (53,098 sf) Gross Floor Area Approx. 2,650 sm (28,533 sf) Zoning Business 2 Ceiling
      65 words
Page thumbnail Page 3
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      212 4 Get your 5th ‘C’ here Choose from various club memberships or sell yours in CLASS 66 To advertise, call the Print Classified Hotline: 1800-289 9988 Celebrating the Centenary Of the MOST BELOVED TRAMP (HAR1IE (H1PU A Fundraising Event by THEKIDADTORACE CHARLIE CHAPLIN m X tithe KID AUTORACE AT VENICE (1914),
      212 words
Page thumbnail Page 5
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Albedo refutes Malaysian report of scuttled RTO deal
      482 5  -  Report in The Star Online said to have triggered plunge in share price By KENNETH LIM kenlim@sph.com.sg A PLANNED reverse takeover (RTO) deal is still on, steel materials supplier Albedo said yesterday, refuting a Malaysian news portal report that it said could
      PHOTO: THE STAR PUBLICATION  -  482 words
    • Article, Illustration
      Lock icon Trade With Caution not intended as a black mark against companies: SGX
      698 5  -  By sivan@sph.com.sg R SIVANITHY sivan@sph.com.sg THE Singapore Exchange (SGX) said its new “Trade With Caution” notification is not intended as a black mark against the company on whose shares the notice is issued, but merely an enhancement to
      Source: Bloomberg  -  698 words
    • Article
      Lock icon DBS’s buy useful but hardly earthshaking
      760 7  -  HOCK LOCK SIEW By SIOW LI SEN lisen@sph.com.sg DBS Group Holdings’ agreement to buy the Asian private banking business of Societe Generale for US$220 million has met with muted responses from the investment community. The price represents about 1.75 per cent of assets under
      760 words
    • Article
      Lock icon Fullerton hires 3 senior personnel to broaden fund capabilities
      223 7 FULLERTON Fund Management has made three senior hires in an effort to deepen and broaden its investment capabilities. Manraj Sekhon, Fullerton chief executive and chief investment officer, said the firm was “pleased to be able to attract top tier investment talent
      223 words
    • Article
      Lock icon Suntec Reit raising $341m to repay debt
      728 7  -  But analysts not ruling out imminent acquisitions By LEE MEIXIAN leemx@sph.com.sg SUNTEC Reit is issuing 218.1 million new units at $1.605 apiece in a private placement. The move will increase the unit base by 9.7 per cent. Analysts say this will dilute distributions
      728 words
    • Article, Illustration
      Lock icon Samsonite posts 18.6% rise in FY13 net
      454 10  -  Net sales up 15% at US$2.04b, crossing the US$2b mark for the first time By RAPHAEL LIM raphlim@sph.com.sg SAMSONITE International, the world’s largest travel luggage company, posted an 18.6 per cent rise in full-year net profit on higher net sales. Earnings for the
      PHOTO: AFP  -  454 words
    • Article
      Lock icon CapitaLand sells remaining stake in Australand
      354 10  -  Sale receipt of $970.1 m; net gain of $35.7m By JACQUELYN CHEOK jaccheok@sph.com.sg CAPITALAND has sold its remaining 39.1 per cent stake in Australand Property Group, reaping it an expected net gain of about $35.7 million. The Singapore-head-quartered property group sold its remaining 226.2
      354 words
    • Article
      Lock icon SGX to offer more types of orders throughout trading session
      258 10  -  By TEH SHI NING tshining@sph.com.sg SINGAPORE Exchange (SGX) said yesterday that it will offer more types of orders throughout the trading session, to give investors greater flexibility and convenience. From March 31, market orders and market-to-limit orders, which were previously
      258 words
    • COMPANY BRIEFS
      • Article
        Lock icon GLP Park Hefei Hi-Tech now fully leased
        92 10 GLOBAL Logistic Properties has signed an agreement to lease around 53,000 square metres of space to a leading fast-moving consumer goods (FMCG) company at GLP Park Hefei Hi-Tech in Anhui, China. With this agreement, GLP Park Hefei Hi-Tech is now 100 per cent
        92 words
      • Article
        Lock icon SP AusNet secures A$450m debt facilities
        33 10 SP AusNet has established A$450 million (S$519 million) 5-year bank debt facilities. The proceeds will be used to refinance existing debt and to fund growth capital outlay.
        33 words
      • Article
        Lock icon Otto Marine bags US$21m of contracts
        41 10 OTTO Marine has secured charter contracts worth US$21 million for its multiple purposes offshore supply vessel, Go Explorer. It will be deployed to work in Vietnam and then Australia for a major offshore construction project.
        41 words
      • Article
        Lock icon Noble ratings affirmed by S&P
        73 10 STANDARD Poor’s has affirmed its ratings on Noble Group both the “BBB-” long-term corporate rating and the “cnA-” long-term Greater China regional scale rating, and ratings on all Noble’s outstanding notes. S&P said that it expects a recovery in Noble’s agriculture segment, stable performance in
        73 words
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      149 5 3! NANYANG TECHNOLOGICAL UNIVERSITY PIONEER. LEADER. EXEMPLAR Ibe mentored TOP-NOTCH USd Professor Vijay Sethi S Nanyang Business School Winner of The Economist’s Business Professor of the Year Award 2013 CxC• <iyiv W5 qV e* Kr up frn A i 0 cZ tip *4 00 a ir c, rtV fit nv
      149 words
Page thumbnail Page 6
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon China property, Albedo bug traders
      648 6  -  Albedo plunges 42% before trading halt, but China-linked property stocks resilient despite worries STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent A spectacular morning crash in the shares of Johor property play Albedo Investment and worries over China property companies were the main talking points in an
      Source: Bloomberg  -  648 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Mar 19 VALUE CLOSE BT OB/OS -169.00 -82.00 BT CADI -*****.00 -86.00 BT 10-day MA -*****.00 -17.00 FTSE ST Mid Cap 715.11 -1.42 FTSE ST Small Cap 536.22 -2.61 FTSE ST All Share 750.65 -2.94 FTSE ST China Top 196.55 -0.72 FTSE ST China 222.25 -1.76 FTSE
      77 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      53 6 VOLUME Albedo 487,365,000 Digiland 188,637,000 HanKore 159,584,000 Ocean Sky 106,905,000 Charisma Energy 78,983,000 Equation 74,758,000 KLW Hldgs 54,929,000 Vallianz Hldgs 33,499,000 Innopac 32,727,000 SuntecReit 31,799,000 VALUE($) DBS Grp 127,251,503 SingTel 57,644,680 Olam 57,511,590 GLP 57,476,000 SuntecReit 52,370,945 UOB 51,436,310 OCBC Bk 45,961,263 Keppel Corp 37,390,838 EzionHldg 30,120,195
      53 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 7 1 0 0 0 7 7 1 Manufacturing 36 50 43 8 6 9 44 56 52 Commerce 10 21 23 3 8 0 13 29 23 Tpt/Stor/Comms 10 17 11
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 31,942 31,942 64,819 64,819 Manufacturing 348,592 172,286 520,878 138,359 7,412 145,771 Commerce 321,167 549,761 870,928 111,856 27,214 139,069 Tpt/Stor/Comms 97,142 3,573 100,715 130,306 353 130,659 Finance 56,005 55 56,060 240,632 19 240,651 Construction 38,283 90,399
      121 words
    • Article
      Lock icon BROKERS’ TAKE
      945 6  -  Compiled by CAI HAOXIANG Suntec Reit March 19 close: S$1.645 Maybank Kim Eng Research, March 19 SUNTEC Reit said that it has entered into a placement agreement with DBS, Standard Chartered and HSBC to issue 218.1 million new units (9.7 per cent of current unit base) at S$1.605
      945 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 1.720 -0.005 CapitaLand 2.720 -0.020 CapitaMall 1.890 -0.010 CityDev 9.180 -0.140 ComfortDelGro 1.925 DBS Grp 15.750 -0.090 GLP 2.640 -0.030 Genting SP 1.315 +0.005 Golden Agri 0.590 HK Land 6.240 -0.160 HPH Trust US$ 0.625 -0.005 JMH 58.900 -1.000 JSH 34.280
      111 words
    • Article, Illustration
      Lock icon US$ up against euro for 1st time in 4 days
      500 6 CURRENCIES Bloomberg [LONDON] The US dollar yesterday rose for the first time in four days against the euro on bets that the US will further cut its bond-buying stimulus programme and link guidance on when it will raise interest rates
      Bloomberg; PHOTO: BLOOMBERG  -  500 words
    • Article
      Lock icon RISES
      120 6 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 215.0 0.9 SPDR DJIA 10US$ ***** 153.0 0.7 DBXT AUDCS 5US$ ***** 115.1 0.5 DBXT AUDCS 5SG$ ***** 100.0 0.4 DBXT USDIGInfl 5US$ ***** 74.6 0.2 DBXT E50 10US$ 5210 68.3 1.0 DBXT iBoxxSvEu 5US$ ***** 55.6 0.2 DBXT Nifty
      120 words
    • Article
      Lock icon FALLS
      121 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -169.4 -1.0 JMH 5890 -126.4 -1.7 Jardine C&C 4321 -63.0 -1.4 DBXT MSKorea 10US$ 5955 -59.4 -0.8 DBXT MSTaiwan 10US$ 1975 -53.1 -2.1 Lyxor AsiaIT 10US$ 3427 -35.4 -0.8 Lyxor ThaiSET 10US$ ***** -31.6 -0.2 DBXT S&P Short 10US$ 2531 -30.4 -0.9
      121 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      136 7 MM qO^ i c LQUn Received the "User's Choice "award at World Communication Awards 2013. Recognised as "Wholesale Operator of The Year' at Asia Communication Awards 2013. telecomasia AWARDS 2013 Recognised as "The Best Asian Telecom Carrier" and "Best Cloud-Based Service" at Telecom Asia Awards 2013. SEAMLESS CLOUD FOR THE
      136 words
Page thumbnail Page 8 / 9
  • Page 8 / 9 Advertisements
    • Advertisement
      Lock icon Page 8 / 9 Advertisements Column 1
      371 8 / 9 MORE THAN GREAT PRODUCTS ONLY CANON GIVES YOU THE COMPLETE EXPERIENCE. Z©NE! HlAJM zSneiHwm zRne BBhwm ZfeNE HlAJM HlAJM E5T POINTS. I00T DIGITAL MERA BRAND T ENTRY-LEVEL SLR CAMERA T MIRRORLESS MERA BRAND Canon Canon lOSIOOD □SLR CAMERA BRAND BEST INKJET PRINTER BRAND Canon Canon Canon Multi-award Product Range 0
      371 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      388 10 '.rt\ tVJiiriO'JtBUL flf .-...--r«3 mki&mm u m rna :lil m 'rtT 7 I IffET TOUR RAND TAKE “i J6 -M ’jamti ftVfcjpi r.urz r x:‘ KljK.'rrr Ife m it r, s :TH, AWARD CATEGORIES AN ASME-UANHE ZAOBAO AWARD t ill n°n IH 1 Singapore Prestige Brand Award 14 Brands need
      388 words
Page thumbnail Page 11
  • SINGAPORE NEWS
    • Article
      Lock icon Getting physical key to being fit for work: survey
      402 11  -  Study also shows employers support healthy lifestyle By LISABELLE TAN lisatan@sph.com.sg NEARLY three-quarters of Singapore employees who were polled in a survey (74 per cent) say that they perform better at work when they work out or take part in sports.
      402 words
    • Article, Illustration
      Lock icon S’pore tourism contribution forecast to rise 5.8%: WTTC
      491 11  -  Sector’s global growth fuelled by emerging markets, says world body By NISHA RAMCHANDANI nishar@sph.com.sg DIRECT contributions from travel and tourism to Singapore’s gross domestic product are expected to rise 5.8 per cent this year to S$20.3 billion, according to the World Travel
      THE STRAITSTIMES FILE PHOTO  -  491 words
    • Article
      Lock icon Machine-tool maker opens S-E Asian tech centre
      325 11  -  Yamazaki Mazak seeks to expand presence in region By GOH KANG SHIONG gohkangs@sph.com.sg GLOBAL machine-tool maker Yamazaki Mazak, seeking to expand its presence in Asia, yesterday launched its South-east Asian technology centre. The facility, which aims to provide technology solutions and after-sales support
      325 words
    • Article
      Lock icon Budget initiatives get 70% approval: poll
      577 11  -  President Tony Tan approves ‘prudent, responsible’ Budget By JAIRA KOH By jairakoh@sph.com.sg SEVEN in 10 Singaporeans surveyed by Reach supported the initiatives unveiled in this year’s Budget. The government feedback unit polled 946 randomly selected citizens by telephone, a sample weighted to represent the
      577 words
    • Article
      Lock icon Nominations invited for Business China Awards
      254 11 NOMINATIONS for the annual Business China Awards, now into its fifth year, are open until April 21. There are three categories Excellence Award, Young Achiever and Enterprise Award. The first two are to honour individuals who have best demonstrated “exceptional vision and leadership in
      254 words
    • Article
      Lock icon New plants seen keeping electricity prices down
      455 11  -  Hike in supply comes as demand rises less than expected By RONNIE LIM By ronnie@sph.com.sg THE start-up of new gas-fired power plants here in the last few months has ramped up electricity supply well past demand levels, and this is set to keep
      455 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      100 11 Fly the Dreamliner to Delhi An amazing flying experience awaits you aboard Air India's B-787 Dreamliner to Delhi, 20th March onwards. Enjoy the luxury of full-flat beds in Executive class, personal TV, laptop power charging port on all seats, gourmet cuisine and warm service. Arrive in Delhi. Refreshed. All this
      100 words
Page thumbnail Page 12
  • MALAYSIA/INDONESIA
    • Article
      Lock icon Share price of lead insurer of MAS plane takes a hit
      523 12  -  Germany’s Allianz begins initial payments linked to missing flight: report By in S JAYASANKARAN in Kuala Lumpur THE price of shares in Malaysian insurer Allianz, a unit with the same name as its German parent, has declined by more
      523 words
    • Article, Illustration
      Lock icon No ‘breakthrough’ in improving ties with Indonesia: Australia
      301 12 Relationship was damaged by a row over spying AFP [JAKARTA] Australia’s defence minister conceded yesterday during a visit to Jakarta there was still no “breakthrough” in improving relations with Indonesia which have been damaged by a row over spying. Ties between Jakarta
      AFP  -  301 words
    • Article, Illustration
      Lock icon Household debt growth slowest since 2010: KL
      574 12  -  High indebtedness is likely to persist, says central bank chief By in PAULINE NG in Kuala Lumpur GROWTH in Malaysia’s household debt has moderated to its slowest since 2010, but debt is expected to remain high because of continuing strong demand for home
      574 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      232 12 a i a <r'* ■^r a,n *bi e 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
      232 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      25 12 Get your 5th ‘C’ here Choose from various club memberships or sell yours in CLASS 66 To advertise, call the Print Classified Hotline: 1800-289 9988
      25 words
Page thumbnail Page 13
  • GREATER CHINA/INDIA
    • Article
      Lock icon China regulator plans curbs on online, mobile payments
      607 13 Move includes cap on payment size and ban on offline transactions Reuters [BEIJING] China’s central bank is considering regulations that would significantly limit the size of payments made using the payment platforms of Chinese Internet firms including Alibaba and Tencent. The People’s
      Reuters  -  607 words
    • Article
      Lock icon China puts ‘smaller portions’ on its anti-corruption menu
      332 13 Reuters [SHANGHAI] China’s officials may need to tighten their belts after authorities ordered official canteens to serve “smaller portions” in a crackdown on over-indul-gence, the Xinhua state news agency reported. The government has been on a drive against official corruption and excess,
      Reuters  -  332 words
    • Article, Illustration
      Lock icon Tata Consultancy Services shares fall 5.1%
      404 13 Firm says revenue growth could be weakening Reu ters [MUMBAI] Tata Consultancy Services (TCS) shares fell as much as 5.1 per cent yesterday, sparking falls across India’s IT outsourcing sector, after analysts cited the company as saying that revenue growth could be weakening from
      Reuters; PHOTO: BLOOMBERG  -  404 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      290 13 Centre for Asset Management Research Investments NUS Business School Tolani-NUS Business School Public Lecture Panel Discussion (In Collaboration with Cornell University) “The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance” PROFESSOR ESWAR PRASAD Tolani Senior Professor of Trade Policy, Cornell University; Senior Fellow and New Century
      290 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      55 13 I I Su i Mi sum rian Costanz Brioni Master Tailor I 1 5 1 1 1 i T r- —i— 22 nd 23 rd March 2014 SINGAPORE 22 n d March 2pm 10pm 23 March 10am 10pm FOR APPOINTMENTS T +65 6688 7528 brioni(3)uomogroup.com BRIONI Bl-76 GALLERIA LEVEL THE
      55 words
Page thumbnail Page 14
  • WORLD
    • Article, Illustration
      Lock icon Telcos go on buying spree in Europe
      718 14 Vodafone’s US$10b purchase of Spain’s Ono latest in growing trend AFP [PARIS] With the US$10 billion purchase of Ono by Vodafone and Numericable closing in on snapping up SFR, the consolidation of the European telecoms sector is gathering pace as operators scramble to
      AFP; PHOTO: BLOOMBERG  -  718 words
    • Article
      Lock icon Three investment firms commit to bitcoin fund
      241 14 Reuters [BANGALORE] Pantera Capital Management LP said three prominent investment firms Benchmark Capital, Fortress Investment Group and Ribbit Capital are acquiring an interest in its bitcoin fund. The investments in Pantera Bitcoin Partners LLC come at a time when the virtual currency is
      Reuters  -  241 words
    • Article
      Lock icon Suicides at Orange continue with 10 deaths already this year
      253 14 AFP [PARIS] Ten employees of French telecoms giant Orange have committed suicide since the beginning of the year, nearly as many as the whole of 2013, an organisation that monitors work conditions said on Tuesday. Labelling it a “serious alert”,
      AFP  -  253 words
    • Article, Illustration
      Lock icon US judge orders Hershey to face suit over W African child labour
      752 14 Some cocoa it buys may be tainted by use of child slaves Bloom berg [DELAWARE] Hershey Co, the largest chocolate maker in the US, has been ordered to face a lawsuit by investors seeking to force it to
      Bloomberg; PHOTO: BLOOMBERG  -  752 words
    • Article, Illustration
      Lock icon Toyota reaches criminal probe settlement
      629 16 General Motors is also being probed by US regulators Bloomberg [NEW YORK] Toyota Motor Corp has reached a US$1.2 billion settlement to end a US criminal probe of sudden unexpected acceleration that led to the recall of more than 10 million vehicles, two people familiar
      Bloomberg; PHOTO: REUTERS  -  629 words
    • Article, Illustration
      Lock icon Vietnam’s central bank cleans up bad debts
      689 16 Move will create favourable conditions for foreign investors Bloomberg [HANOI] Vietnam’s central bank is stepping up efforts to resolve soured loans and create favourable conditions for foreign investors as it draws up regulation to auction bad-debt assets at lenders. The State Bank of
      Bloomberg  -  689 words
    • Article
      Lock icon San Miguel retains stake in liquor unit
      425 16 Its group president quells rumours of a Ginebra stake sale Reuters [MANILA] Philippine conglomerate San Miguel Corp is not selling its controlling stake in liquor maker Ginebra San Miguel, the group’s president stated, after shares in both firms surged amid market talk about
      Reuters  -  425 words
    • Article
      Lock icon Aussie firm to revive tin mining in UK
      266 16 Reu ters [SYDNEY] Tin mining is set to resume in the UK some 16 years after the last mine closed, as an Australian-listed company revives a tradition dating back to the Bronze Age. Wolf Minerals said yesterday it will begin production of
      Reuters  -  266 words
    • Article, Illustration
      Lock icon JPMorgan to sell commodity unit to Mercuria
      752 17 Sale for as much as US$3.7b prompted partly by worries of catastrophic losses Bloomberg [GENEVA] JPMorgan Chase has agreed to sell its physical commodities unit to Mercuria Energy Group, according to two people with knowledge of the matter. Mercuria may pay as much
      Bloomberg; PHOTO: AFP  -  752 words
    • Article, Illustration
      Lock icon US businesses fear retaliation as sanctions are imposed on Russia
      805 18 CEOs to meet Hagel over developments in Crimea, impact on their investments Bloomberg [WASHINGTON] With tougher sanctions threatened against President Vladimir Putin over the crisis in Crimea, concern about retribution is growing among US corporations with investments in Russia. Almost
      Bloomberg; PHOTO: REUTERS  -  805 words
    • Article
      Lock icon Senators push to extradite Swiss bankers
      460 18 US Justice Dept should use treaty powers, they say Bloomberg [NEWARK] US Senators Carl Levin and John McCain urged the Justice Department to seek extradition of about 30 Swiss bankers and others who are charged with enabling offshore tax evasion and have not appeared
      Bloomberg  -  460 words
    • Article
      Lock icon Swedish bankers asked to tighten rules on home loan borrowers
      391 18 Move by Swedish Bankers’ Association is to stem household borrowing Bloomberg [STOCKHOLM] Sweden’s main bank group recommended lenders force more borrowers to pay down on their home loans as regulators and the government are putting together a “road map” for
      Bloomberg  -  391 words
    • Article, Illustration
      Lock icon UK will launch new £1 coin in counterfeit crackdown
      300 18 Bloomberg [LONDON] The UK will introduce a new one-pound coin in 2017 as part of a crackdown on counterfeiters, after the current model spawned millions of fakes. The new pound, modelled on the 12-sided pre-decimal three-penny piece introduced in 1937 and
      Bloomberg; PHOTO: BLOOMBERG  -  300 words
    • Article, Illustration
      Lock icon Inditex ramps up investment to open new stores
      714 19 Retail sales are expected to accelerate in the spring Reu ters [MADRID] Inditex, the world’s biggest fashion retailer, will accelerate investment in 2014 to open more new stores after results last year were hit by falling currencies outside the eurozone and the
      Reuters; PHOTO: REUTERS  -  714 words
    • Article
      Lock icon Spain banks may be liable to investors
      271 19 Arbitrators looking at the possible misselling of products Bloomberg [MADRID] Arbitrators appointed by the Spanish government are considering claims that might leave rescued lenders Bankia SA, NCG Banco and Catalunya Banc liable to pay compensation to retail investors who bought as much as
      Bloomberg  -  271 words
    • Article
      Lock icon ING to end majority stake in US insurance unit
      266 19 Bloomberg [NEW YORK] ING Groep, the biggest Dutch finan-cial-services company, will end its majority stake in a US insurance unit with another share sale as it winds down ownership of the business. The parent plans to sell 26.5 million shares of
      Bloomberg  -  266 words
    • Article, Illustration
      Lock icon Luxury giants push minnows out of key sites
      702 20 Property bubble seen as firms buy prime locations in Europe’s fashion capitals Reuters [PARIS] French luxury group LVMH is trying to push out smaller rivals from plush Place Vendome in Paris after buying one of its highest-profile buildings, illustrating the intensifying battle
      Reuters; PHOTO: REUTERS  -  702 words
    • Article, Illustration
      Lock icon Britain raises growth outlook ahead of election
      535 20 AFP [LONDON] Britain is set to grow faster than expected this year and next, Finance Minister George Osborne said in his annual budget yesterday. Chancellor of the Exchequer Mr Osborne warned however that an escalation of the Ukraine crisis could harm British output
      AFP; PHOTO: REUTERS  -  535 words
    • Article
      Lock icon New Australian bourse APX aims for 50 listings
      503 20 Bloomberg [SYDNEY] Australia’s new bourse is targeting 50 listings within two years on expected demand from companies in Malaysia, Singapore, Hong Kong and China, said an executive at Asia Pacific Stock Exchange Ltd (APX). David Lawrence, chief operating officer at APX, is
      Bloomberg  -  503 words
    • Article
      Lock icon StanChart begins Islamic banking in Kenya
      420 20 Reuters [LONDON] Standard Chartered has launched Islamic banking services in Kenya, the first foray of its “Saadiq” brand into Africa, and it will use Kenya as a testbed for expanding the brand across the continent, a bank executive said. The move comes after Kenya
      Reuters  -  420 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      45 14 MARCH ISSUE OUT NOW! INTHISISSUE 8 .JI IP<:M5./ .5/.56 8 /.<.5 J3 LJ:NM5 NK AEC* 8 +J-0 MN35 JK 2JJ2M5 MARCH TECH FAIR SUBSCRIPTION SPECIAL! I!7;H ’E !7B"1 ;7D;B=$D?=; 4$!! ;9FR@ F B%FRB? 9Q 4$R SQ=? 9%FR #’HEEE 4Q=9% Q) >=$O?;( ,$;$9 444G%F=@4F=?SF&GBQS 40% OFF!
      45 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      117 14 /5 uea Singapore Gifts Premiums Fair 2014 16-18 July 2014 Marina Bay Sands, Singapore See a huge variety of new and innovative products on display, providing inspirational promotional ideas! Tf *Free Admission! Register at www.SGPFair.com/visit1 To Exhibit: SGPFair@bizlink.com.sg Tel: (65) 6848 5938 www.SGPFair.com Organised By: B| K| Join in the
      117 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      1753 15 8? NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices China Oilfield Technology CHINA OILFIELD TECHNOLOGY SERVICES GROUP LIMITED (Incorporated in the Cayman Islands) (Company Registration No. CT-*****5) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of China Oilfield Technology Services Group Limited (the “Company") will
      1,753 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      28 15 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
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      126 16 Gain A CCE|S TO ft WORD* OF EXCISING TRftVEL IDEAS And DEALS! ft ev o*S R-SS? p DOWNLOAD the S8TmV nOW! S 1 Brought to you by SPH, the easy-to-use sgtravellers app spins more exciting travel yarns with its new Luxe Travel chapter featuring stories and pictures as never seen
      126 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      2435 17 KATSi NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CANADIAN IMPERIAL BANK OF COMMERCE 2013 Consolidated Financial Statements (in millions of Canadian dollars) CONSOLIDATED STATEMENT OF INCOME millions, except as noted, for the year ended October 31 2013 2012 Interest income Loans 9,795 10,020 Securities 1,631 1,522 Securities borrowed or purchased
      2,435 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      22 18 AVAILABLE ON iPAD ANDROID WELCOME ABOARD Ask your local bookshop or get your copy by subscribing today Visit www.asia-pacificboating.com or email sub@bluincmedia.com
      22 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 2
      74 18 HOT PROPERTY n a K! 62 0 00/6500 D s, BU p'Jf LW6+ >- Expat choice PooL Lasalle. Canad,a n sch/ &Oty405ol£ D Ne rebuilt $12k. 1 +P00 f/furn 80B MEYER pn D P°te at nn n City Bunglw 5H 6300 P °f Ca F T ark Built-up S'5.5X.Sa f
      74 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      135 19 ST JOBS CAREERS DEVELOPMENT ?014 i. n i 4r fibs a. V 0STJOBS O m "C t i W LOOKING TO RECRUIT? JOIN THE BIGGEST CAREER FAIR IN TOWN! LIMITED BOOTHS AVAILABLE AT STJOBS CAREER DEVELOPMENT FAIR 2014, Sign up for our Career Development Fair 2014 now to get a
      135 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      31 20 HOW ARE YOU LIVING THE NEW YEAR? DO ONE RANDOM ACT OF LOVE MORE TRY SOMETHING NEW EVERYDAY KINDNESS DAILY SPEND MORE TIME WITH MUM BE A BETTER LISTENER KISS MORE
      31 words
    • Advertisement
      Lock icon Page 20 Advertisements Column 2
      35 20 Indian architects and designers in Singapore add their touch to the landscape DIRECTING DAD Rajini’s daughter shares her experiences GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      35 words
Page thumbnail Page 21
  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon Bigger container ships may be holding back recovery
      634 21  -  They affect market pricing, feedering segment in cascading effect ASIA-PACIFIC MARITIME CONFERENCE Reports by MALMINDERJIT SINGH msingh@sph.com.sg SHIPOWNERS may look to larger vessels to overcome their immediate cost challenges, but industry players have warned that bigger ships present a host of other
      PHOTO: REUTERS  -  634 words
    • Article, Illustration
      Lock icon Improving prospects seen in 2014
      630 21 MARITIME industry players and policymakers signalled an improving outlook for the sector this year underpinned by Asia’s growth, as they gathered here yesterday for the biennial Asia Pacific Maritime (APM) 2014 exhibition and conference. “We are at the cusp of a sustained recovery for the
      630 words
    • Article
      Lock icon Missing MAS jet flew into southern Indian Ocean?
      363 21 Reuters [KUALA LUMPUR] Investigators probing the disappearance of a Malaysia Airlines (MAS) jetliner with 239 people on board believe it most likely flew into the southern Indian Ocean, a source close to the investigation said yesterday. An unprecedented search for the Boeing
      Reuters  -  363 words
    • Article, Illustration
      Lock icon China in talks to buy 150 Airbus jets: sources
      634 21 Reu ters [PARIS] China is in talks to buy at least 150 Airbus passenger jets potentially worth US$20 billion when Xi Jinping pays his first visit to Europe as president at the end of this month, people familiar with the matter
      Reuters; PHOTO: REUTERS  -  634 words
    • Article
      Lock icon TRANSPORT STOCKS
      240 21 SGX '000 Mar 19 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.26 unch 216 Cosco Corp 0.69 unch 616 Cwt Limited...............1.30 0.01 779 Vol First Ship Lea 0.40 Grand Banks unch unch 0 Jaya Hold Ltd K1Ventures 0.20 unch 2030 Keppel Corp 10.52 -0.10 3547 Mercator Lines..........unch
      240 words
  • Page 21 Advertisements
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      368 21 CRYPTIC CROSSWORD Across 1 Model cut short crooner once in TV programme (6) 5 Colts might have a role in such an exchange? (8) 9 Work time on island left down to choice (8) 10 Arty venue covered by critic in e-mail (6) 11 Friend touring German river kept within
      368 words
Page thumbnail Page 22
  • EDITORIAL & OPINION
    • Article
      Lock icon It pays to disclose board, CEO remuneration
      471 22 EDITORIAL FOR all the talk about the need for greater disclosure and transparency in recent years, Singapore-listed companies, it seems, have merely been paying lip service to the notions of corporate governance and what makes for good board practices. Under the veil of
      471 words
    • Article
      Lock icon Need for more, better data to assess MDGs’ successes
      677 22  -  THE BOTTOM LINE By GRANT JAMES CAMERON, MAHMOUD MOHIELDIN The writers are respectively a manager of the Development Data Group at the World Bank and the World Bank president’s special envoy Project Syndicate in Washington, DC SINCE the turn of the
      Project Syndicate  -  677 words
    • Article, Illustration
      Lock icon JPX eyes Asian tie-ups via bonds, infra funds
      1189 22  -  It sees relations between TSE and SGX as essentially those between ‘friendly competitors’ ANTHONY ROWLEY Tokyo Correspondent RIVAL spheres of influence are developing among Asia’s leading stock exchanges as they evolve from being local markets and offshore trading platforms for international exchanges
      PHOTO: REUTERS  -  1,189 words
    • Article, Illustration
      Lock icon No ‘off’ switches needed
      884 23  -  A few design changes will make it impossible for anyone to turn off a transponder By GREGG EASTERBROOK NYT WHEN mass murderers took over the cockpits of four American airliners on Sept 11, 2001, one of the first things that they did was turn off the
      NYT; PHOTO: BLOOMBERG  -  884 words
    • Article, Illustration
      Lock icon Russia’s annexation of Crimea gives it control of energy assets
      677 23  -  By JOHN DALY The writer is a contributor to Oilprice. com, where this article first appeared RUSSIA purportedly intervened in Crimea to protect ethnic Russians from neoNazi extremists that Moscow claims have infiltrated the transitional government in Kiev. The March
      PHOTO: BLOOMBERG  -  677 words
    • Article, Illustration
      Lock icon Modi must reckon with weak global economy too
      993 23  -  REUTERS BREAKINGVIEWS By ANDY MUKHERJEE NARENDRA Modi may be able to fix India’s ailing domestic economy, but it’s the sorry state of world demand that will pose a bigger and more intractable challenge to the country’s prime ministerial hopeful. India’s stock market
      993 words
    • Article
      Lock icon SGX risks creating minefield
      203 23 LETTER TO THE EDITOR “TRADE with Caution” seems to be the clarion call of SGX, if the rash of such warnings recently posted on SGX.net is anything to go by. The saga usually starts with SGX’s query about unusual share price or volume movements, which gets
      203 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      103 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
Page thumbnail Page 24
Page thumbnail Page 25
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3035 25 Transaction date: Mar 19 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14 10.4 8Telecom Vol Day Last Quote Div Gr Yld Net M Cap 181.6 102.4 AIMSAMPIReit 131.5 unch 842 132
      3,035 words
    • Article
      Lock icon SGX CATALIST
      299 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 35 22 t 3Cnergy 500 Vol Day 2 0.9 t Advanced System 1 unch 560 1 0.9 0.9 1 17.6 Div Gr Yld Net
      299 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11122 26 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 China Opportunities 1 2 6042/ EM Local Ccy Bond *****/ European Opportunities 1 1 3247/ Global Emerging Markets 1 1
      11,122 words
    • Article
      Lock icon GLOBALQUOTE
      258 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61.5 34.4 AVJennings A57 unch 8 57 57 57 59.5 3.6 6.1 4.6 211 52 35.5 Genting HK US$ US39.5 -0.5 1790 40 39.5 39.5 40 2600.9
      258 words
    • Article
      Lock icon SGX ETF
      1117 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.2 +0.2 113.2 113.2 112.5 114 516.7 143 119 CIMB APAC Div 100S$D 123.7 +0.1 123.7 123.7 122.4 124.8 114.4
      1,117 words
Page thumbnail Page 26
Page thumbnail Page 27
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      677 27 Mar 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.73 *****.54 *****.37 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****0 Sep14 *****.00 0 2206 MSCI TAIWAN INDEX FUTURES SPOT 307.59 307.75 305.40 Mar14 307.50 309.60 305.10 306.00 ***** *****2 Apr14 307.30 309.40 305.20 306.00
      677 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 18 Index Change Change Change Change Change Change World Preliminary 1181.0 0.6 -0.3 0.5 0.2 0.6 0.1 EAFE Preliminary 929.9 0.7 -2.8 0.6 -1.2 0.7 -1.3 Europe Preliminary 1349.8 0.8 -0.4
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 27 Mar 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.015 5.651 0.654 7.075 55.609 103.199 0.926 9.754 2.986 1.060 89.439 40.860 1.153 9.770 0.796 27.729 29.274 0.549 0.911 Canada 0.985 5.569
      471 words
    • Article
      Lock icon CHICAGO BOT
      109 27 Mar 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1418.25 1391.75 1419.50 1384.50 Jul 14 1395.75 1375.25 1397.50 1368.25 Aug 14 1348.25 1336.50 1351.50 1330.25 Sep 14 1246.50 1234.50 1248.50 1230.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14
      109 words
    • Article
      Lock icon LIFFE
      94 27 Mar 18 COCOA (£/tonne) Close Prev High Low May 14 1897 1898 1901 1883 Jul 14 1893 1893 1896 1879 Sep 14 1891 1892 1893 1881 Dec 14 1871 1871 1873 1860 COFFEE(US$/tonne) Close Prev High Low Mar 14 2201 2225 2217 2211 May 14 2135 2159 2151 2131
      94 words
    • Article
      Lock icon INTERBANK RATES
      157 27 Mar 19 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.20 0.10 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
      157 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1067 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 Exer Acma Ltd W*****7 Prem Disc Ascendas Reit MB eCW*****1 2 0.2 210 1 Ascendas Reit MB ePW*****1 1.1 0.2 200 1 Asiatic Grp(Hldgs)
      1,067 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Mar 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.85 unch WTI (Near Mth) 99.67 1.69 Dubai (1-Mth F) 103.05 -1.07 Tapis blend 111.61 -1.00 Minas 106.71 -1.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.44 -1.17 Jet Kerosene 117.88 -1.51 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Mar 19 S$ Bid Offer 1-month 1.2644 1.2652 2-months 1.2644 1.2652 3-months 1.2643 1.2652 6-months 1.2641 1.2650 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      65 27 Mar-18 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1691.85 1681.25 3 months 1736.00 1724.50 Copper, Grade A(US$/tonne) Cash 6501.00 6500.50 3 months 6483.00 6480.00 Lead(US$/tonne) Cash 2045.75 2034.00 3 months 2069.50 2058.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00 3 months *****.00
      65 words
    • Article
      Lock icon SIBOR
      34 27 Mar 19 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
      34 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      84 27 Mar 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.3 1-Year BY*****T 31-Oct-14 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.54 101.62 101.62 5-Year NX*****W 2.5 01-Jun-19 105.34 105.42 105.39
      84 words
    • Article
      Lock icon PRECIOUS METALS
      136 27 Mar 19 GOLD(US$/oz) Mar 19 Mar 18 Hong Kong 1355.00 1362.00 Mar 18 Mar 17 London 1358.30 1372.44 1358.60 1373.66 Source: Thomson Reuters CAST BAR Mar 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 82 52 5gm 326 271 10gm 610 545
      136 words
    • Article
      Lock icon PALM OIL
      59 27 Mar 19 Mar 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 14 2836.0 2871.0 2885.0 2835.0 381 5700 May 14 2788.0 2812.0 2820.0 2785.0 ***** ***** Jun 14 2757.0 2777.0 2786.0 2755.0 ***** ***** Jul 14
      59 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 27 Mar 19 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1519 1.1532 0.9110 0.9115 Canadian dollar 1.1352 1.1364 0.8982 0.8978 Euro 1.7604 1.7618 1.3923 1.3925 NZ dollar 1.0873 1.0883 0.8599 0.8602 Sterling pound 2.0988 2.1002 1.6599
      156 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Mar 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.180 1.124 Can dollar 1.156 1.112 Euro 1.801 1.716 Sterling pound 2.136 2.054 NZ dollar 1.114 1.072 US dollar 1.289 1.228 Local dollars to 100 units of foreign
      121 words
Page thumbnail Page 28
  • PROPERTY
    • Article, Illustration
      Lock icon Slower rise in China new-home prices
      803 28 Trend worst felt in first-tier cities with tighter credit and cooling measures to keep property market in check Bloomberg [SHANGHAI] New home price growth in China slowed last month, led by the four cities the government defines as first-tier, amid tighter credit to rein
      Bloomberg; PHOTO: REUTERS  -  803 words
    • Article
      Lock icon Househunt
      1237 28 PROPERTY TRANSACTIONS BETWEEN FEBRUARY 5 AND 11, 2014 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN LAND PRICE PSF STREET NAME TYPE DATE AREA* (SQ FT) (S$'000) (S$) District 1 NON-LANDED The Sail Marina Bay Apt 11/02/2014 99 614 1167 1901 V On Shenton Apt 10/02/2014 99 1528 2834 1854 V
      1,237 words
    • Article
      Lock icon China stocks, currency fall on property concerns
      206 28 Bloomberg [SHANGHAI] China’s stocks fell and the yuan weakened near an 11-month low after the collapse of a private developer spurred concern that the industry may face defaults as economic growth slows. Money market rates jumped. China Vanke Co and Poly Real Estate
      Bloomberg  -  206 words
    • Article, Illustration
      Lock icon Zara owner builds US$10b property empire
      1705 29 Relying on all-cash offers, Ortega, 77, outbids world’s top institutional funds and property investors Bloomberg [NEW YORK] Amancio Ortega Gaona, already the world’s fourth-richest person based on the success of his Zara fashion retail stores, has quietly amassed a real estate empire worth as
      Bloomberg; PHOTO: BLOOMBERG  -  1,705 words
    • Article, Illustration
      Lock icon More funds for Asia-Pac property: CBRE survey
      891 30  -  Many investors’ budgets for real estate purchases in the region this year will be 10-20% higher than 2013’s By tanmindy@sph.com.sg MINDY TAN tanmindy@sph.com.sg [SINGAPORE] Investors plan to commit more capital to the Asia-Pacific real estate market in the coming year, with 64 per
      PHOTOS: REUTERS, BLOOMBERG  -  891 words
    • Article, Illustration
      Lock icon 700 Beach up for sale again – as a hotel
      484 31  - 700 Beach up for sale again as a hotel Master Contract said to be eyeing $1m per room or lumpsum of $300m By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] Master Contract Services, which earlier this year entered into a deal to acquire the boutique office block 700 Beach with plans to redevelop
      FILE PHOTO  -  484 words
    • Article
      Lock icon Ireland’s Nama plans property loan sales at discount
      243 31 Bloomberg [LONDON] Ireland’s National Asset Management Agency (Nama) is preparing to sell real estate loans with a face value of more than 300 million euros (S$528 million) as demand for property rises, three people with knowledge of the plan said. The assets,
      Bloomberg  -  243 words
    • Article, Illustration
      Lock icon Premium, Grade A office rents keep rising in Q1
      1018 32  -  Raffles Place and New Downtown also see office vacancies shrinking By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] Premium and Grade A office rents in Raffles Place and New Downtown continue to climb in the first quarter, according to Colliers International. The quarter also
      FILE PHOTO  -  1,018 words
  • Page 28 Advertisements
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      226 29 GPS Corporate Team I Commercial Investment GFIIi ”S9S!5 ri ft !Un www.gps.com.sg FOR SALE 2-Storey HDB Shophouse with Dwelling at Towner Road BUSINESS OPPORTUNITY FOR CLINIC GROUPS AND MEDICAL PROFESSIONALS! Main Road Frontage Floor Area: 1,798 sq ft approx. Well maintained, full clinic use/license Beside Boon Keng MRT Station Established
      226 words
    • Advertisement
      Lock icon Page 29 Advertisements Column 2
      47 29 Clermont Residence Integrated development with 181 exclusive units Direct connectivity to Tanjong Pagar MRT Residential units are 180m above sea level Award winning architect SOM CALL FOR APPOINTMENT Joe Leow: 9181 1212 (CEA Reg No: R*****0G) DTZ Debenham Tie Leung (SEA) Pte Ltd CEA Licence No: L*****01G
      47 words
    • Advertisement
      Lock icon Page 29 Advertisements Column 3
      316 29 For Sale by Public Tender in Singapore 7 Cotswold Close, Singapore *****6 Open House Fri Sat, 21 22 March 2014 10am to 12noon, 1 pm to 4pm Tender Documents Available from 70 Barker Road, #03-01 Methodist Centre, Singapore *****6 24-26 March 2014 10am to 12noon, 2pm to 3pm Contact: Mr
      316 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Lock icon Page 30 Advertisements Column 1
      333 30 JTC Aviation Two Seletar Aerospace Parkj High-rise mixed industrial and commercial development Open to companies in aviation and/or aerospace industries Well-located amidst a dynamic aerospace community Excellent connectivity via GTE, TRE SLE Shuttle bus service available from Seng Kang, Kovan, Woodlands, Yishun, Bedok&Tampines MRT stations Amenities include cafe and food
      333 words
    • Advertisement
      Lock icon Page 30 Advertisements Column 2
      58 30 I tiOlf TAKE AIM Advertise in our Great Golf supplement for all things golf! 0 The Business Times: 28 March 2014 The Straits Times: 30 March 2014 The New Paper: 1 April 2014 Gwen Koh 9743 6235 Mia Gu 9877 8713 Alan Lim mm 9711 7982 Hui Hui 9623 3128
      58 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Lock icon Page 31 Advertisements Column 1
      324 31 For Hie outlook of 2014, tong term capital continues to flow into Asia and the Gateway cities. Singapore 4 stars Hotel (CBD area) Opportunistic Investment in Residential bloc sale Strata Office Space Core Office Investment in Prime Location Grade B office building with 3.5% yield Grade A office building Value
      324 words
    • Advertisement
      Lock icon Page 31 Advertisements Column 2
      377 31 6entara PELICAN BAY RESIDENCE SUITES KRABI THAILAND BALI SRI LANKA MALDIVES MAURITIUS VIETNAM lESfrr-f W W WmJrTyrA Guaranteed Rental Returns per annum for 3 years* ir l Up to 30 days FREE stay l per annum* f ■f6 fX' Li i Hr r III, it,' iff < W T r
      377 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      371 32 MELBOURNE NEW INVESTMENT POTENTIAL NEXT TO MONASH UNIVERSITY Ml caulfield -7k* ->> a /MSS j*3 H3I SELECTION OF 1 /2/3-BED APARTMENTS UP TO 80% LTV PRIVATE PARKING SPACE FREEHOLD TITLE AWARD-WINNING DEVELOPER OFF-PLAN PURCHASE HIGH STAMP DUTY SAVINGS ONLY 10% DEPOSIT, BALANCE UPON COMPLETION SUMMER 2016 COMPLETION AUDI BILLION REDEVELOPMENT
      371 words