The Business Times, 22 March 2014

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Microfilm: NL33076
Total Pages: 42
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg MARCH 22-23, 2014 S$1.00 MCI (P) 086/08/2013 Sfjl A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article
    Lock icon Feb elections declared void
    27 1 THAI CRISIS THAILAND’S Constitutional Court yesterday nullified February’s election that was disrupted by protesters, further delaying the formation of a new government. 2
    27 words
  • Article
    Lock icon Sanctions will have wider impact
    38 1 CRIMEAN FALLOUT AMERICAN and European sanctions against Russia are already having a ripple effect, with Visa and MasterCard halting payment transaction services for clients of a bank not even on the blacklist. 3
    38 words
  • Article
    Lock icon 29 banks meet target: Fed
    31 1 STRESS TESTS THE Federal Reserve’s annual stress tests found 29 of the 30 largest US banks could withstand a deep recession and still pay dividends. 4
    31 words
  • Article
    Lock icon More growth seen in SME lending
    37 1 DBS PLANS DBS Group expects income growth from its SME segment to outpace last year’s growth of over 10 per cent and is pushing for more income from emerging markets. 10
    37 words
  • Article, Illustration
    Lock icon Temasek pays US$5.7b for quarter of Watson
    889 1  -  It confirms that a public offering of Watson shares is still on the cards By Michelle Quah michquah@sph.com.sg Singapore FRESH on the heels of making a cash offer for Olam International, Singapore’s Temasek Holdings has now inked a deal to take up a
    BT Graphics: Michelle Quah & JenniferChua  -  889 words
  • Article, Illustration
    Lock icon Snapped up: Most of premium seats at Sports Hub stadium
    607 1  -  By Lee U-Wen leeuwen@sph.com.sg Singapore WITH less than three months to go before the Singapore Sports Hub’s National Stadium is finally open, some of the best seats in the house have already been snapped up ahead of the big day.
    607 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Thai court declares Feb elections void
      671 2 Polls violated the Constitution as voting did not take place in 28 districts blocked by prostestors, rules court Reuters Bangkok THAILAND’S Constitutional Court yesterday nullified February’s election that was disrupted by protesters, further delaying the formation of a new government after months of street
      Reuters; PHOTO: REUTERS  -  671 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 GSTI 3,073.39 (+16.19) GSTI FUTURES 3,073.00 (+16.00) GSIMSCI 348.52 (+3.79) GSIMSCI FUTURES 349.30 (+5.70) Friday Change KL COMP 1,820.48 +2.31 NIKKEI 225 Closed HANG SENG 21,436.70 +254.54 SET 1,360.50 -0.97 JAKARTA 4,700.21 +1.24 MANILA 6,339.26 -78.09 KOSPI 1,934.94 +15.42 SHENZHEN B 823.77 +2.99 MUMBAI IND 21,753.75 +13.66 12 noon
        58 words
      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.174 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.275 (US$/S$ per 1.648 2.102 EURO (US$/S$/€ 1.377 1.757 Foreign currency per US$ S$ YEN 102.10 80.00 RM 3.310 2.595 HK$ 7.764 6.087 BAHT 32.41 25.41 RUPIAH 11,445 8,973 RENMINBI 6.228 4.883 INDIAN RUPEE 61.16 47.95 A$ 1.103 0.864 NZ$ 1.170 0.917
        49 words
    • Article, Illustration
      Lock icon Russia sanctions will have wider impact than its targets: bankers
      668 3 Banks will be extra careful not to do business with anyone linked to US blacklist Reuters Moscow AMERICAN and European sanctions against Russia are already having a ripple effect beyond their immediate targets, with Visa and MasterCard halting payment transaction
      Reuters; PHOTO: REUTERS  -  668 words
    • Article, Illustration
      Lock icon All but one US top bank pass Fed stress test
      984 4 Zions Bancorporation comes in below one of the central bank’s main capital thresholds Bloomberg Washington THE Federal Reserve’s annual stress tests found 29 of the 30 largest US banks could withstand a deep recession and still pay dividends, fuelling speculation
      Bloomberg; PHOTO: BLOOMBERG  -  984 words
    • Article, Illustration
      Lock icon Bitcoin: virtual currency, real-world problems
      838 5  -  COMMENTARY Joyce Hooi joyceh@sph.com.sg Correspondent AS we think about bitcoin (a splendid way to pass a weekend), a chance to quote The Good Wife presents itself: “Reality isn’t idealistic. And when the two of them run into each other, only one of them gets hurt.”
      FILE PHOTO  -  838 words
    • Article
      Lock icon Numoni launches Malaysia’s first bitcoin machines
      352 5  -  By Joyce Hooi joyceh@sph.com.sg Singapore THE bitcoin machine contagion has spread across the Causeway, with the launch of Malaysia’s first bitcoin vending machines by Singapore-based payment transaction firm Numoni. One of its machines was installed in Kuala Lumpur’s Bangsar Shopping Centre, while another was
      352 words
    • Article, Illustration
      Lock icon How can a plane vanish in a small world?
      873 6  -  With so much information generated in a flight, the jet couldn’t have just disappeared from electronic sight REUTERS BREAKINGVIEWS By Edward Hadas THE information vacuum around Malaysia Airlines flight MH370 is as unusual as it is disturbing. In the modern, globalised
      PHOTO: AFP  -  873 words
    • Article, Illustration
      Lock icon Hermes still king in luxury market
      792 7 While rivals are struggling, the French group has seen double-digit sales growth in US and Asia NYT Paris THE French luxury group Hermès International on Thursday reported a rise in profit of nearly 7 per cent last year, bolstered by strong sales growth in
      NYT; PHOTO: AFP; FILE PHOTO  -  792 words
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      Lock icon Page 2 Advertisements Column 1
      50 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-15 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 LIVING Cover Story L2-4 Design L5 Dining L6-8 Style L9 Destination Dining L10-12 Health L13 Motoring L14-15 Golf L16 Househunt 30 Real Estate 31
      50 words
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      46 3 B2 JTC etached Factory < .Sungei Kadut D25 lilt In: 4 Storeys: 78,577 sq feet Land: 48,771 sq ft Bal: 11 years i _i_4 JL j c JERRY LUM ,V. Snr Marketing Director, MBA, CES CEA Licence No.: R *****6 D ERA HP: 8288 0098 View: jerrylum.myweb.sg
      46 words
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      28 6 bank drive? Can we on your Flip to Page R4 of today’s CATS Recruit for the full details on the Senior Manager, Investment position offered by Mapletree Investments.
      28 words
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      Lock icon Page 7 Advertisements Column 1
      434 7 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF WHITE STRATUS HOLDINGS PTE. LTD. Company Registration Number *****6195M (IN MEMBER’S VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [(Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the member of White Stratus Holdings Pte. Ltd. deemed to
      434 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon In the shoes of Michele Norsa
      2038 8 / 9  -  Salvatore Ferragamo’s CEO bears the distinction of being the first outsider to head the family-controlled firm. By Joyce Hooi By Joyce Hooi joyceh@sph.com.sg ALMOST everything at Salvatore Ferragamo is up revenue is up and net profit is up. Wholesale, retail, footwear and fragrances, all
      PHOTO: ARTHUR LEE  -  2,038 words
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  • COMPANIES
    • Article, Illustration
      Lock icon DBS eyes higher growth from SME segment
      668 10  -  It hopes in time to have one-third of this sector’s income coming from emerging markets By Jamie Lee leejamie@sph.com.sg Singapore DBS Group expects income growth from its small and medium enterprises (SME) segment to outpace last year’s growth of over 10 per cent,
      FILE PHOTO  -  668 words
    • Article
      Lock icon Mapletree Ind to develop build-to-suit facility for HP
      393 10  -  By Jacquelyn Cheok jaccheok@sph.com.sg Singapore MAPLETREE Industrial Trust (MIT) will be developing a new build-to-suit (BTS) facility for lease to Hewlett-Packard Singapore at the trust’s existing Telok Blangah Cluster property. The estimated total development cost of $250 million, its largest BTS development
      393 words
    • Article
      Lock icon Asia-Pac M&A Q1 deals up 22% at US$112.7b
      483 11  -  Real estate takes a quarter of the activity; Singapore firms attract some US$1 2b of the volumes By Cai Haoxiang haoxiang@sph.com.sg Singapore ANNOUNCED merger and acquisition (M&A) deals involving Asia-Pacific companies got off to a strong start this year, powered by a
      483 words
    • Article
      Lock icon Hotel Royal to acquire Phuket’s Burasari Resort
      293 11  -  By Mindy Tan tanmindy@sph.com.sg Singapore HOTEL Royal Limited is looking to acquire Burasari Resort in Phuket, Thailand for about 1.3 billion baht (S$51 million) via the acquisition of the entire issued and paid-up share capital of Panali Company Limited. The resort is situated
      293 words
    • Article, Illustration
      Lock icon Blackstone may sell industrial building in Ubi: report
      370 11 Bloomberg Singapore BLACKSTONE Group, the world’s largest alternative asset manager, is considering the sale of an industrial building in Singapore it bought two years ago, Bloomberg reported yesterday quoting a person with knowledge of the matter. StarHub Green, whose anchor tenant is
      Bloomberg; FILE PHOTO  -  370 words
    • Article, Illustration
      Lock icon Market ends flat after strenuous week
      678 12  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent Although the us Federal Open Market Committee (FOMC) meeting this week provided the main talking point among investors, there were many others that were almost equally noteworthy. There was a bond default by a large China property firm
      678 words
    • Article
      Lock icon TOP GAINERS
      65 12 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 244.9 1.0 SPDR DJIA 10US$ ***** 195.1 0.9 Jardine C&C 4325 147.0 3.5 DBXT AUDCS 5SG$ ***** 123.0 0.5 GLD 10US$ ***** 95.7 0.6 DBXT AUDCS 5US$ ***** 93.1 0.4 DBXT SPASX200 10US$ 3974 79.1 1.6 DBXT E50 10US$
      65 words
    • Article
      Lock icon TOP LOSERS
      62 12 BY CENTS CLOSEDOWN JMH 5552 -278.0 -3.8 JSH 3280 -191.3 -4.4 DBXT iBoxxKR 5US$ ***** -114.8 -0.6 DBXT USDIGInfl 5US$ ***** -113.5 -0.3 DBXT iBoxxSvEu 5US$ ***** -85.5 -0.2 DBXT EONIA 5US$ ***** -70.2 -0.3 DBXT S&P Short 10US$ 2532 -30.6 -0.9 DBXT DBCBDJUBS 10US$ 2991 -20.4 -0.5
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    • Article
      Lock icon Unionmet’s rights: poser over irrevocable undertaking
      570 12  -  By R Sivanithy sivan@sph.com.sg Singapore MARKET watchers were puzzled yesterday after Unionmet, a Chinese maker and supplier of indium, released the results of its recent rights issue in which there was no mention or sign of an irrevocable undertaking given earlier by a substantial
      570 words
    • Article
      Lock icon TOP 20 ACTIVES
      196 12 VOL CLOSE HanKore 1 31,997 1 4 8 0.4 2.8 AdvanceSCT 1 21 ,358 0 4 0.0 0.0 D i giland 61 HanKore 288 0 .1 0 .1 50 .0 G l oba l Tech 58 121,358 788 1 .9 0 .8 72 .7 Charisma Energy 53
      196 words
    • Article
      Lock icon STI STOCKS
      112 12 Stock name Close Change CapMallsAsia 1.705 +0.020 CapitaLand 2.740 +0.020 CapitaMall 1.890 +0.025 CityDev 9.410 +0.270 ComfortDelGro 1.945 +0.030 DBS Grp 15.830 +0.170 GLP 2.620 +0.040 Genting SP 1.315 +0.010 Golden Agri 0.565 -0.010 HK Land 6.130 -0.040 HPH Trust US$ 0.635 +0.015 JMH 55.520 -2.180 JSH 32.800
      112 words
    • Article, Illustration
      Lock icon Ascott Reit buys Japan property for 6.3b yen
      435 13  -  Yield-accretive acquisition is trust’s second property in Fukuoka By Lee Meixian leemx@sph.com.sg Singapore ASCOTT Residence Trust (Ascott Reit) has signed a deal to purchase rental housing property Infini Garden in Fukuoka, Japan, for 6.3 billion yen (S$78.4 million). The 389-unit property was
      435 words
    • Business briefing
      • Article
        Lock icon China Huiyuan to issue bonds to Temasek unit: report
        73 13 CHINA Huiyuan Juice Group will issue US$150 million worth of convertible bonds to a unit of Singapore investment company Temasek Holdings, said a Reuters report. China’s top pure fruit juice producer said it will issue the bonds due 2019 to Temasek’s
        73 words
      • Article
        Lock icon Tritech Group wins $6.68m contract
        72 13 TRITECH Group, through a wholly owned unit, has won a $6.68 million contract from China Railway No.5 Engineering Group, to provide engineering design services for the construction of Lentor Station on the Thomson Line MRT system. The contract, which lasts from March 17, 2014, to
        72 words
      • Article
        Lock icon Olam appoints Rothschild (Singapore) as IFA
        44 13 OLAM International has appointed Rothschild (Singapore) Limited as the independent financial adviser (IFA), to advise the company’s directors on Temasek’s voluntary conditional cash offer to buy Olam shares that it does not already own at $2.23 a share.
        44 words
      • Article
        Lock icon F&N buys 70% of M’sia’s Yoke Food Industries
        70 13 FRASER and Neave has signed a non-binding agreement to buy a 70 per cent stake in Yoke Food Industries, a Malaysiabased company which manufactures, markets and distributes beverages in Malaysia. The transaction is subject to agreements being executed and approvals, and is
        70 words
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      Lock icon Page 13 Advertisements Column 1
      33 13 KAT3 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 or e-mail: notices@sph.com.sg NOTICES
      33 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon PM Lee joins world leaders in The Hague for nuclear security pow-wow
      550 14  -  He will then go to Luxembourg for his maiden visit before ending his Europe trip in London By Lee U-Wen leeuwen@sph.com.sg PRIME Minister Lee Hsien Loong is heading to Europe this weekend for a seven-day trip that will
      BT Graphics: Lee U-Wen & Simon Ang  -  550 words
    • Article, Illustration
      Lock icon Spring Singapore partners MHA and Mindef for career fair
      423 15  -  SMEs at the event, aimed at NSFs, offer more than 1,400 jobs By Goh Kang Shiong gohkangs@sph.com.sg SPRING Singapore held its first career fair in partnership with the Ministry of Defence (Mindef) and the Ministry of Home Affairs (MHA) yesterday aimed
      423 words
    • Article
      Lock icon A more cyclical shipping sector seen hitting shift in financing patterns
      577 15  -  Private equity funds, given their 3-5-year investment horizon, may exit the industry By Malminderjit Singh msingh@sph.com.sg TRADITIONAL shipping may be showing signs of improvement, buoyed by alternate sources of funding. However, bankers say that the industry in general has
      577 words
    • Article
      Lock icon Bayer Healthcare sees strong pharma growth
      515 15  -  Launch of new drugs will boost growth in Asia Pacific By Nisha Ramchandani nishar@sph.com.sg AFTER a record year in 2013, Bayer HealthCare expects its pharmaceuticals division to register further growth in the Asia Pacific, fuelled by a pipeline of drugs due to be launched
      515 words
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      Lock icon Page 14 Advertisements Column 1
      27 14 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-*****88
      27 words
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      Lock icon Page 16 Advertisements Column 1
      130 16 KOlii The Business Times CORPORATE GOLF LEAGUE presented by Audi i good THE EVENT NOT TO BE MISSED! i S c ft We’re Back For Our Fifth Year ■V.s-v Va: Sign up and discover a great platform to network with your partners and clients, as well as make new friends,
      130 words
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  • WORLD
    • Article
      Lock icon Top China banks expected to report slower profit growth
      604 17 Reforms that will bring in more competition and bad loans weigh on lenders, say analysts Bloomberg Shanghai INDUSTRIAL Commercial Bank of China and its three largest rivals are poised to report the slowest profit growth since the 2008 financial crisis amid
      Bloomberg  -  604 words
    • Article, Illustration
      Lock icon China growth slows as revenue gains ease
      422 17 Labour market, wage growth little changed in Q1 private survey Bloomberg Beijing CHINA’S economy slowed this quarter, with industries including retail and mining showing weaker revenue growth while loans through non-traditional channels became more expensive, according to the China Beige Book survey. Even
      Bloomberg; PHOTO: AFP  -  422 words
    • Article
      Lock icon Volcker Rule may cost US banks up to US$4.3b: regulator
      342 17 Bloomberg Washington THE Volcker Rule will cost US national banks as much as US$4.3 billion to implement as it forces them to sell restricted investments at a loss, according to a study by the Office of the Comptroller of the
      Bloomberg  -  342 words
    • Article
      Lock icon Startup scene flourishes in US capital
      577 18 Washington today is home to thousands of entrepreneurs and a tech support ecosystem AFP Washington IN a large warehouse-type office, software coders work on apps, as “angel” investors and mentors help budding entrepreneurs figure out strategy for their startups. This technology “incubator” called 1776
      AFP  -  577 words
    • Article, Illustration
      Lock icon Rinehart’s Roy Hill iron ore project gets US$7.2b funding deal
      432 18 AFP Sydney AUSTRALIA’S richest person Gina Rinehart yesterday announced a US$7.2 billion funding package for her massive Roy Hill iron ore mine in Western Australia that will help feed Asian steel demand. The deal, signed in Singapore on Thursday, will
      AFP; BLOOMBERG FILE PHOTO  -  432 words
    • Article
      Lock icon Energy production seen straining water resources
      486 18 UN report warns of ‘increasing potential for serious conflict’ Bloomberg Paris ENERGY production will increasingly strain water resources in the coming decades even as more than one billion of the planet’s seven billion people already lack access to both, according to a United Nations
      Bloomberg  -  486 words
    • Article, Illustration
      Lock icon China sets preferred share rules for listed firms
      550 20 Pilot programme hailed as a ‘major reform and innovation’ of the country’s capital markets Reuters Beijing CHINA’S securities regulator yesterday issued rules for a pilot programme allowing listed companies to issue preferred shares, paving the way for the long-awaited scheme to be
      Reuters; PHOTO: REUTERS  -  550 words
    • Briefing
      • Article
        Lock icon Putin clears Crimea annexation as Ukraine signs pact with EU
        104 20 Bloom berg Brussels Russia completed its annexation of Crimea as the European Union (EU) signed a political pact with Ukraine, escalating the worst standoff between Russia and the West since the Cold War. President Vladimir Putin signed legislation approved by
        Bloomberg  -  104 words
      • Article
        Lock icon Global financial sector M&A volumes down 14% in Q1
        91 20 Reuters London Worldwide financial sector merger and acquisition (M&A) activity so far this year is down 14 per cent on a year ago, its slowest period for deal-making in two years, Thomson Reuters weekly data showed yesterday. Year-to-date deal volumes in
        Reuters  -  91 words
      • Article
        Lock icon Turkey bans Twitter as Erdogan graft cover-up sparks outrage
        118 20 Bloomberg Istanbul Turkey blocked access to Twitter Inc nine days before local elections, as Prime Minister Recep Tayyip Erdogan acted on his vow to shut down leaks targeting his government amid a corruption probe. The move was criticised both within Turkey
        Bloomberg  -  118 words
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  • Article, Illustration
    Lock icon Marketing Strategies to Keep Your Business Sailing
    641 19  -  A special feature brought to you by Qg STJOBS.SG By Pamela Wigglesworth Can you remember when there were no laptops, mobile phones nor tablets? Can you remember what your life was like without such technology? When you think about it, these devices were
    641 words
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      Lock icon Page 20 Advertisements Column 1
      241 20 Enjoy 30% off on all ala-carte food orders and a complimentary Japanese Dumpling Gyoza or Salmon Spicy Maki at Akari Dining Bar! (Terms and conditions apply) Venue: Akari Dining Bar, #01-02, (Ground Plaza) No. 8A Marina Boulevard, Marina Bay Link Mall, Singapore *****4 Tel: (65) 6634 0100 Website: www.akaridiningbar.com Promotional
      241 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8005 21 Transaction date: Mar 21 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14 10.4 8Telecom 11.1 -0.2 10 11.1 11.1 11.1 12.5 6.3 1.1 14.4 53.2 20 3.3 A-Sonic 10.3 +0.1 654 10.3
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    • Article
      Lock icon SGX CATALIST
      1896 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 35 22 t 3Cnergy 500 31 26 33 30.5 28.5 19 t 800 Super 24.5 -0.5 51 25 24.5 24.5 25.5 3.2 4.1 7.6 43.8
      1,896 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 5 0 0 0 7 3 5 Manufacturing 60 37 34 8 8 6 68 45 40 Commerce 21 24 22 2 2 5 23 26 27 Tpt/Stor/Comms 20 5 16
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      769 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 17 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Dapai Intl 20-Mar-14 Tan Kheng Swee *Buy 200 0.02 0 0.00 200 0.02 Fragrance Grp 20-Mar-14 Koh
      769 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,771 21,771 68,285 68,285 Manufacturing 267,493 47,155 314,648 149,755 2,671 152,427 Commerce 200,316 65,918 266,234 119,991 3,889 123,880 Tpt/Stor/Comms 96,155 494 96,649 145,523 54 145,577 Finance 23,505 67 23,572 205,118 24 205,142 Construction 46,047 89,121
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  • MARKETS
    • Article
      Lock icon LIFFE
      93 25 Mar 20 COCOA (£/tonne) Close Prev High Low May 14 1882 1899 1898 1870 Jul 14 1880 1896 1895 1869 Sep 14 1877 1892 1890 1866 Dec 14 1859 1873 1871 1849 COFFEE(US$/tonne) Close Prev High Low Mar 14 2097 2150 2097 2097 May 14 2037 2090 2083 2027
      93 words
    • Article
      Lock icon METALS
      67 25 Mar 21 GOLD(US$/oz) Mar 21 Mar 20 Hong Kong 1336.00 1334.00 Mar 20 Mar 19 London 1330.30 1340.96 1330.60 1341.73 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 26.35 25.56 Source: UOB PLATINUM Lon (US$/oz) Mar 20 Close Previous PM Fix 1436.00 1454.00 AM Fix 1438.00 1458.00 Source:
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    • Article
      Lock icon PALM OIL
      57 25 Mar 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 14 2845.0 2822.0 2849.0 2821.0 373 3915 May 14 2802.0 2764.0 2804.0 2760.0 6523 ***** Jun 14 2767.0 2729.0 2769.0 2726.0 ***** ***** Jul 14 2733.0 2697.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 25 Mar 21 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-16 101.41 5-Year NX*****W 2.5 01-Jun-19 104.82 104.95 104.90 10-Year NX*****H
      84 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Mar 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1565 1.1571 0.9068 0.9072 Canadian dollar 1.1334 1.1341 0.8891 0.8887 Euro 1.7564 1.7567 1.3771 1.3773 NZ dollar 1.0901 1.0907 0.8547 0.8551 Sterling pound 2.1020 2.1025 1.6481 1.6484
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Mar 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.182 1.126 Can dollar 1.157 1.113 Euro 1.801 1.716 Sterling pound 2.148 2.066 NZ dollar 1.115 1.073 US dollar 1.304 1.242 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article
      Lock icon CHICAGO BOT
      105 25 Mar 20 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 14 1433.75 1431.25 1456.50 1422.25 Jul 14 1410.00 1410.75 1429.00 1397.25 Aug 14 1353.75 1359.00 1368.25 1342.00 Sep 14 1250.75 1255.50 1263.75 1243.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low May 14 41.31 42.10 42.14
      105 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 25 YTD change: -2.97% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 25 YTD change: -8.02% 52-week high: 24,111.55 on Dec 2,2013 52-week low: 19,426.36 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 25 YTD change: -3.23% 52-week high: 2,344.89 on March 25,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        24 25 YTD change: -12.69% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 11,805.78 on April 2,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  24 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 25 YTD change: -1.48% 52-week high: 16,588.25 on Dec 31,2013 52-week low: 14,383.02 on March 21,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
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      Lock icon OIL
      68 25 Mar 20 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 105.84 -0.16 WTI (Near Mth) 99.19 -1.07 Dubai (1-Mth F) 102.39 -0.27 Tapis blend 110.66 -0.35 Minas 105.76 -0.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.06 0.17 Jet Kerosene 118.08 -0.03 US$/barrel OpecOil Basket Price 102.37
      68 words
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      Lock icon LONDON METALS
      72 25 Mar 20 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1668.50 1694.00 3 months 1712.00 1739.00 Copper, Grade A (US$/tonne) Cash 6441.00 6571.00 3 months 6430.00 6553.00 Lead (US$/tonne) Cash 2046.25 2055.00 3 months 2069.00 2078.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Mar 20 Index Change Change Change Change Change Change World Preliminary 1179.3 0.1 -0.4 0.7 0.8 -0.2 -0.4 EAFE Preliminary 924.4 -0.5 -3.3 -0.4 -1.5 -1.3 -2.7 Europe Preliminary 1347.1 0.0 -0.6
      373 words
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  • PERSPECTIVE
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      Lock icon The folly of thinking we know
      654 26 / 27  -  By Pico Iyer NYT MOST of us have, surely, heard all the figures: Humanity now produces as much data in two days as it did in all of history till the year 2003, and the amount of data is doubling every two years. In
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      Lock icon Water’s future power struggle
      958 26 / 27  -  The growing awareness that saving energy is saving water is a topic that cannot be ignored at a policy, business or household level. By Cheong Hoe Wai By Cheong Hoe Wai ~The writer is executive vice-president of Black Veatch, with responsibilities for both the company’s water
      PHOTO: AFP  -  958 words
  • Page 26 / 27 Miscellaneous
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      333 26 / 27 SATURDAY with Ludwig ‘A bitcoin for your thoughts?’ CRYPTIC CROSSWORD Across 1 Following leads in special operations, spies left party (6) 4 Successfully woo girl holding diamonds that can give you a lift (8) 9 Roughen up a certain Mr Pitt with energy (6) 10 Some gent renovated jewel (8)
      333 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Emerging markets: age of cherry-picking
        1237 28 / 29  -  It pays for investors to look under the hood and take their time WEALTH INSIGHTS Ewen Cameron Watt ~The writer is chief investment strategist at BlackRock Investment Institute EMERGING markets (EMs) have always been volatile. Yet a fire hose of liquidity from central banks boosted
        PHOTO: REUTERS; Source: Thomson Reuters and BlackRock Investment Institute (Feb 10, 2014)  -  1,237 words
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        729 28 / 29  -  Compiled by Cai Haoxiang Land Transport May bank Kim Eng Research March 21 Sector Underweight THE new rail financing (NRF) framework introduced in 2010 is designed to give the Land Transport Authority (LTA) better control over the timing of capacity expansion for the rail network. Currently, only the
        729 words
    • WEALTH REAL ESTATE
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        Lock icon Househunt
        1068 30 PROPERTY TRANSACTIONS BETWEEN FEBRUARY 5 AND 11,2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) 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 On Shenton
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        Lock icon S’pore investing in more property outside Asia
        602 31  -  Higher yields, growth potential spur more Asian investments in US, Europe, Australia By Lee Meixian leemx@sph.com.sg SINGAPORE, Hong Kong and mainland China ranked among the biggest Asian investors in real estate outside Asia last year, keeping up a momentum that started in 2009
        Source: Real Capital Analytics  -  602 words
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        Lock icon Weak French housing sector threatened with mortgage hike
        598 31 WP Paris JUST when French homebuilders said nothing could make a 15-year low in business worse, a new banking rule is threatening to do exactly that. The moribund economy, with unemployment at a 16-year high, leaves developers with no other means than
        WP; PHOTO: BLOOMBERG  -  598 words
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      122 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE ROYAL OAK CONCEPT SERIES CONTINUES TO PUSH THE BOUNDARIES OF AUDEMARS PIGUET SAVOIR-FAIRE. THIS CONCEPT GMT TOURBILLON, WITH DUAL TIME FUNCTION, FEATURES WHITE CERAMIC BEZEL, CROWN, PUSHER AND BRIDGE. NINE TIMES HARDER THAN STEEL, CERAMIC IS EXCEPTIONALLY DIFFICULT TO WORK,
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      69 1 DESIGN The rug connection L5 DINING New circle of life L6-7 LivingBTTHE BUSINESS TIMES WEEKEND MARCH 22 23 2014 MAKING ROOM FOR WORK Co-working spaces for those who like to work with their hands L2-4 STYLE Bulgari’s Indian seduction L9 KEONG SAIK COLLAB PHOTO: YEN MENG JIIN HEALTH When opposite
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  • BT Living
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      Lock icon Making room for work
      1895 2 / 3  -  Co-working spaces were once the domain of new technology companies. Now they’re housing start-ups from the other end of the tech spectrum: local artisans who prefer to work with their hands. Tay Suan Chiang reports Tay Suan Chiang taysc@sph.com.sg Mettle Work 50 Lorong 17 Geylang mettlework.co
      PHOTOS: ARTHUR LEE, KEONG SAIK COLLAB PHOTOS: YEN MENG JIIN  -  1,895 words
    • DESIGN
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        Lock icon The rug connection
        962 5  -  Nani Marquina knows she has succeeded when people fall in love with her rugs. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg MOST people study industrial design, go on to become an industrial designer creating lamps, furniture all the hard stuff. But not Nani Marquina. The
        PHOTOS: NANIMARQUINA  -  962 words
    • DINING
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        Lock icon New circle of life
        2090 6 / 7  -  Four months after the LEC group acquired 28 master leases on Circular Road, Debbie Yong checks in on their progress in revitalising the once-sleazy street Debbie Yong debyong@sph.com.sg WHAT a difference two years makes. When Godwin Pereira, Ross Glasscoe and their two business partners started The
        PHOTOS: JOHN HENG; PHOTO: CHATEAUX; PHOTO: JOHN HENG; PHOTO: HERO’S  -  2,090 words
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        Lock icon Rice to the occasion
        895 8  -  Rice sommelier Yuichi Sato wants to bring the best of his homeland to Singapore. By Jaime Ee By Jaime Ee UNLIKE other sommeliers, Yuichi Sato doesn’t play with pretty decanters, sniff and swirl, or expound on the differing qualities of red and white. Instead, he sifts
        895 words
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        Lock icon Getting more flavour and a chewier bite
        539 8  -  By Jaime Ee jaime@sph.com.sg NOW that you’ve got the best quality rice, how do you do justice to it when cooking? That’s where your rice cooker comes into play and even then, not all cookers are created equal. Enter, then, the Hitachi IH
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    • STYLE
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        Lock icon Bulgari’s Indian seduction
        856 9  -  Latest in the Omnia range of fragrances, the Indian Garnet is sensual and mysterious, evoking the colours and senses of India. By Corinne Kerk By Corinne Kerk THE sun is shining on a garden party bursting with colour, and the beauty of the surroundings is not lost
        PHOTOS: BULGARI  -  856 words
    • DESTINATION DINING/TRAVEL
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        Lock icon A continent of delights
        2880 10 / 11  -  With the World Cup in Brazil later this year, South America should be figuring large on people’s travel radars. Then there’s that list of Latin America’s top 50 restaurants, which put countries like Peru on the world gourmet stage. There are now more reasons to hightail
        PHOTOS: CHEAH UI-HOON  -  2,880 words
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        Lock icon Delicious detour
        312 10 / 11  -  By Cheah Ui-Hoon ChocoMuseo (Cuzco) Calle Garcilaso 210, Cuzco SO you’ve taken the Sacred Valley tour, explored the Pre-Colombian art and Inca museums, but still have a day or two before heading out to Machu Picchu. What else is there to do at Cuzco besides shopping? Sign up
        PHOTO: CHEAH UI-HOON  -  312 words
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        Lock icon Off the beaten track
        532 12  -  By Cheah Ui-Hoon uihoon@sph.com.sg The Salt Flats, Bolivia At some 10,000 sq km, these are the largest salt flats in the world and also the largest store of lithium. Unfortunately, mobile phones can’t be charged by sticking them into the salt flats but you can take
        PHOTO: CHEAH UI-HOON  -  532 words
    • HEALTH
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        Lock icon When opposite opinions are both right
        1466 13  -  It’s all due to limitations of coronary angiography the gold standard in testing for blocked heart arteries Michael Lim Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the British Medical Journal
        ILLUSTRATION: LUDWIG ILIO/THE BUSINESS TIMES  -  1,466 words
    • MOTORING
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        Lock icon At home in the Range
        644 14  -  The Range Rover Sport turbodiesel with seven seats is the family-friendly SUV. By Samuel Ee samuelee@sph.com.sg IT is big and tall with a cushy air suspension, so the last thing anyone would expect the Range Rover Sport to be is fun to drive. But it
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        Lock icon MASTERFUL MACAN
        602 15  -  The Porsche Macan is an all-rounder when it comes to on and offroad performance. By Samuel Ee samuelee@sph.com. sg THERE may be two Porsche Macan compact SUV models, both with turbocharged V6 petrol engines, but only one is called the Macan Turbo. The other is the Macan S.
        602 words
    • GOLF
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        Lock icon Swinging in the Philippines
        1135 16  -  BTWeekend checks out some superbly challenging first-class golf courses. By Justine Moss THE country is home to Asia’s oldest national golf championship The Philippine Open which was first played in 1913 at Manila Golf Club. Around its vast archipelago which includes more than 7,000 islands, there
        PHOTO: TOM BREAZEALE  -  1,135 words
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      1229 4 wine& dine with BTWeekend Visit Singapore Marina Mandarin 6 Raffles Boulevard Enjoy the amazing sights and sounds of Marina Bay when you stay at Marina Mandarin. Visit attractions like Gardens by the Bay, Esplanade, The Merlion, Singapore Flyer and ArtScience Museum, situated within walking distance from the hotel. Book Visit
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      33 16 HOME NEE S -i •O M ;.C Need a TV repairman To find out more, turn to CLASS 120 in CATS Classified in The Straits Times now. WAT3 BUY IT-SELL IT* FIND IT
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