The Business Times, 2 April 2014

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Microfilm: NL33108
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, April 2, 2014
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  • Article, Illustration
    Lock icon OCBC makes HK$38.4b offer for Wing Hang Bank
    1240 1 Some analysts say the deal’s price and capital structure are in line with expectations By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] The market perked up slightly on OCBC Bank’s lower-than-expec-ted conditional offer for Hong Kong’s Wing Hang Bank yesterday, with the Singapore lender’s shares
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,198.52 (+9.90) GST INDEX FUTURES 3,172.00 (+10.00) GSIMSCI 360.01 (+0.61) HSIMSCI FUTURES 357.00 (-0.40) US$ S$ US$ (S$ per US$) 1.259 (US$/S$ per 1.666 2.097 EURO (US$/S$/€ 1.379 1.736 Foreign currency per US$ S$ YEN 103.40 82.10 RM 3.261 2.590 HK$ 7.758 6.163 BAHT 32.35 25.70 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,847.76 -1.45 NIKKEI 225 14,791.99 -35.84 HANG SENG 22,448.54 +297.48 SET INDEX 1,387.48 +11.22 JAKARTA COMP 4,873.93 +105.66 MANILA COMP 6,514.72 +86.01 SEOUL COMP 1,991.98 +6.37 SHENZHEN B 826.25 +5.90 MUMBAI IND 22,446.44 +60.17 12noon EDT Change DOW 16,509.20 +51.54 NASDAQ 4,243.30 +44.31
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 5.35 MALAYSIA INDONESIA HONG KONG 5.00 INDONESIA 15.145 TAIWAN US JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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  • Article, Illustration
    Lock icon Acra sharpens focus on errant directors
    583 1  -  By JAMIE LEE By leejamie@sph.com.sg [SINGAPORE] The Accounting and Corporate Regulatory Authority (Acra) will push out more initiatives with the view to strengthen the competencies of company directors, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam. Acra will roll out a directors’ compliance
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      333 1 COMPANIES S’pore still top Maybank contributor outside M’sia STRAIT TALK Getting the message out PAGE 23 COMMENTARY How grocers can grow with emerging Asia PAGE 26 EXEC MONEY Commodities rally on US weather, Ukraine crisis PAGE 34 PAGE 5 887 18 1 '*****4 Wk n il\ f Sr-' r 7
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      377 2 OCBC makes $6.2b offer for Wing Hang THE market perked up slightly on OCBC Bank’s lower-than-expected conditional offer for Hong Kong’s Wing Hang Bank yesterday, with the Singapore lender’s shares closing five cents or 0.53 per cent higher at $9.56. FRONT PAGE Acra sharpens focus on errant directors
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    • Article, Illustration
      Lock icon Uncertain time for Japan as it digests sales tax hike
      646 2  -  By ANTHONY ROWLEY in Tokyo JAPAN’S economy entered a more uncertain phase yesterday as the national consumption tax rose for the first time in 17 years, from 5 per cent to 8 per cent, threatening to snuff out recovery in
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    • Article
      Lock icon Correction
      49 2 IN “Building in Kallang Industrial Estate put up for sale” (April 1, 2014), we wrongly reported that the asking price works out to $213 per square foot per plot ratio. It should be $213 per square foot based on gross floor area. We are sorry for the error.
      49 words
    • Article
      Lock icon Reit benchmarks seen pulling up rents elsewhere
      823 2  -  They own only 20-22% of retail assets: further studies urged NEWS ANALYSIS By LEE MEIXIAN By leemx@sph.com.sg [SINGAPORE] The argument that real estate investment trusts (Reits) are responsible for hiking up retail rents is often made, but the more difficult part is to
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    • Article, Illustration
      Lock icon Divestment helps JTC add value: CEO
      884 2  -  By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] While acknowledging gripes by small and medium-sized enterprises (SMEs) over JTC Corporation’s divestment of its industrial land, JTC chief executive Png Cheong Boon maintains that the divestment allowed JTC to turn its attention to areas it was able to
      BT Graphics: Ludwig Ilio; Source: JTC  -  884 words
    • Article
      Lock icon Widening income gap may limit Asia growth: ADB
      690 2  -  By in ANTHONY ROWLEY in Tokyo GROWTH in the developing economies of Asia should accelerate slightly this year and in 2015, but economic and social prospects for the longer term are clouded by widening income disparities in the region, warned the Asian
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    • Article, Illustration
      Lock icon Home prices continue slide in Q1
      838 4  -  Declines expected to set tone for rest of the year, say industry players By LYNETTE KHOO lynkhoo@sph.com.sg [SINGAPORE] Prices of both private homes and HDB resale flats continued their slide in the first quarter of this year based on the government’s flash estimates, and
      Source: URA  -  838 words
    • Article
      Lock icon China’s official PMI shows small rise in March
      700 4  -  By VIRGINIE MANGIN in Beijing CHINA’S manufacturing activity improved slightly in March from the month before, Beijing said yesterday, even as the HSBC/Markit Purchasing Managers’ Index (PMI) fell to an eightmonth low. The official Purchasing Managers’ Index (PMI), released by the National
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      198 3 INSTITUTE OF SERVICE EXCELLENCE SINGAPORE MANAGEMENT UNIVERSITY how satisfied are your customers? customer satisfaction index of singapore2013 national score:70.7 To read the national CSISG Score Card: Scores are based on a 0-100 scale and grouped by industry Sector, Sub-sector, and then Company. Top scoring sub-sectors and companies will appear at
      198 words
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      399 4 ASUSPRO PU301 Total Security Solution ,Rre:order m Tough Anti-shock HDD Strengthened structures with shock-absorbing sponge cushions ASUSPRO PU301LA-R0050G Intel® Core™ i7-4500U Processor (4M Cache, up to 3.0 GHz) Windows 8 Pro (Windows 7 Professional downgrade rights included) Intel HD Graphics 4400 13.3" HD LED-backlit IF LCD 1366x768 Non Glare 802.1
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Singapore still top Maybank contributor outside Malaysia
      457 5  -  Bank upbeat about Asean growth, plans to boost corporate banking, says CEO BY JAMIE LEE |éejamie@sph.com.sg SINGAPORE is Maybank’s top contributor on a pre-tax profit basis outside Malaysia, but Indonesia appears to be snapping at its heels. “From a PBT (profit before tax)
      PHOTO: BLOOMBERG  -  457 words
    • Article
      Lock icon China Mining unveils $1b reverse takeover deal
      590 5  -  Bid to transform itself into a pure mining play By NISHA RAMCHANDANI nishar@sph.com.sg MAINBOARD-listed China Mining International (CMI) is acquiring China Minerals Energy (CME) for around $1 billion as it seeks to transform itself from a property development company into a pure mining
      590 words
    • Article
      Lock icon GIC opens office in Brazil
      421 5  -  By ANDREA SOH sandrea@sph.com.sg GIC opened an office yesterday in Brazil, as it looks for more investment opportunities in Latin America. The new office its 10th globally will focus on areas such as real estate, healthcare, financial and business services, and natural resources and infrastructure.
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    • Article
      Lock icon Capital needs under Basel III ‘not trivial’: Gupta
      297 5  -  By CAI HAOXIANG haoxiang@sph.com.sg ASIAN banks are juggling between regulatory requirements to maintain a capital base and the need to lend to support their economies, DBS Group Holdings chief executive officer Piyush Gupta noted in the bank’s 2013 annual report out yesterday.
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    • Article, Illustration
      Lock icon Troubled LionGold banking on Daim Zainuddin’s son
      1037 7  -  Wira Dani Abdul Daim is exec deputy chairman as well as exec director of firm By ANITA GABRIEL anitag@sph.com.sg BELEAGUERED gold miner LionGold made a string of announcements on Monday pertaining to board changes and its plans to raise close to $40 million
      PHOTO: THE STAR  -  1,037 words
    • COMPANY BRIEFS
      • Article
        Lock icon SGX derivatives market suffers glitch
        40 7 SINGAPORE Exchange suspended trading on its derivatives market at 4:15pm yesterday and re-started trading only at 7:45pm due to a network hardware interruption, the exchange operator said. Trading on the equity market continued as normal.
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      • Article
        Lock icon A-HTrust prices new stapled securities
        77 7 ASCENDAS Hospitality Trust (A-HTrust) has priced its $50 million placement of 73.53 million new stapled securities at the lower end of indications. The 68-cent issue price is a 3.5 per cent discount to the hotel trust’s 70.5-cent adjusted volume weighted average price before the placement.
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      • Article
        Lock icon Qualified opinion issued on P99
        78 7 AUDITORS of P99 Holdings have issued a qualified opinion on the investment holding company formerly known as China Fashion Holdings, citing a lack of access to the now-deconsolidated unit Asia Sport Alliance (ASA). ASA was no longer considered under P99’s control after Sept 30, 2013,
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      • Article
        Lock icon PSL CEO and CFO step down
        78 7 ENGINEERING group PSL Holdings said Foo Kah Lee has resigned as chief executive and executive director following a change in substantial shareholders of the company. Chief financial officer Ross Y Limjoco has also stepped down for the same reason. Meanwhile, former Nordic Group CFO
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    • Article
      Lock icon New code kicks in for annual reports
      823 11  -  They will be scrutinised for narrower bands for directors’ package By KARA QUEK karaquek@sph.com.sg THIS year will be the first in which investors get to see the impact of the new Code of Corporate Governance on the presentation of information in annual reports
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    • Article
      Lock icon Swissco finalises terms of RTO of Scott & English
      451 11  - Swissco finalises terms of RTO of Scott English By RAPHAEL LIM raphlim@sph.com.sg SWISSCO Holdings, a marine service provider for the offshore oil and gas industry, has finalised the terms of a $285 million reverse takeover deal with privately owned oil and gas contractor Scott and English Energy. Swissco said on
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    • Article
      Lock icon PICTET
      273 11 Pictet-Absl Rtn Fxd Inc-HP EUR 27/03/2014 EUR 102.10 Pictet-Absl Rtn Glo Div-P EUR 27/03/2014 EUR 114,29 Pictet-Asian Equities Ex Japan-P USD 28/03/2014 USD 180.04 Pictet-Asian Local Currency Debt-P USD 28/03/2014 USD 144.12 Pictet-Biotech-P USD 27/03/2014 USD 578,90 Pictet-Clean Energy-P USD 27/03/2014 USD 86.70 Pictet-Digital Communication-P USD 27/03/2014 USD 201,00
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      259 5 nusajaya techpark minutes to your new business locution in Iskandar A New Benchmark Having successfully created some of the most acclaimed business space environments in Asia, industry leaderAscendas now partners UEM Sunrise, the award-winning master developer of the Nusajaya regional city, to create a new benchmark for businesses in the
      259 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Boost for STI as Jardine stocks shine again
      701 6  -  Index up for the sixth time in seven sessions but volume was low at 1.8b units worth $1.1b STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE outperformance of the Jardine group continued yesterday, underpinning a 9.9-point rise in the Straits Times Index to
      Source: Bloomberg  -  701 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Apr 1 VALUE CLOSE BT OB/OS 183.00 +30.00 BT CADI -*****.00 +6.00 BT 10-day MA -*****.00 +18.00 FTSE ST Mid Cap 724.40 +0.23 FTSE ST Small Cap 543.45 -0.55 FTSE ST All Share 774.84 +1.82 FTSE ST China Top 197.42 -1.40 FTSE ST China 223.91 -1.31 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 4 0 0 0 4 6 4 Manufacturing 43 46 44 7 7 10 50 53 54 Commerce 18 14 28 2 7 4 20 21 32 Tpt/Stor/Comms 10 16 13
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      821 6  -  –Compiled by TEH SHI NING Nam Cheong April 1 close: $0.35 CIMB Research, April 1 NAM Cheong has brushed past its recent anaemic share price performance by selling one 5,150 bhp AHTS (anchor handling tug supply vessel) and one 5,000 dwt PSV (platform supply vessel) for a combined
      Source: Bloomberg  -  821 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,373 14,373 60,678 60,678 Manufacturing 319,661 107,333 426,994 121,847 3,474 125,321 Commerce 304,027 175,698 479,725 109,554 11,034 120,588 Tpt/Stor/Comms 57,990 43,007 100,997 113,500 5,946 119,446 Finance 26,521 409 26,930 266,141 107 266,248 Construction 29,142 105,872
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 1.790 CapitaLand 2.910 +0.020 CapitaMall 1.895 +0.005 CityDev 10.19 +0.090 ComfortDelGro 1.995 +0.010 DBS Grp 16.37 +0.200 GLP 2.620 -0.030 Genting SP 1.315 -0.020 Golden Agri 0.580 +0.005 HK Land 6.440 -0.030 HPH Trust US$ 0.645 -0.005 JMH 64.01 +0.930 JSH
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    • Article, Illustration
      Lock icon Yen hit by sales tax hike; US$ falls on Yellen comments
      550 6 CURRENCIES Reuters [LONDON] The yen eased yesterday as Japan’s sales tax rose, although the dollar weakened after the head of the Federal Reserve defended the central bank’s loose policy and highlighted slack in the economy. The dollar index slipped
      Reuters; PHOTO: BLOOMBERG  -  550 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME Digiland 148,051,000 Albedo 128,475,000 HanKore 95,762,000 Charisma Energy 93,621,000 Transcu Grp 78,327,000 LionGold 70,737,000 Memstar 56,309,000 Global Tech 55,838,000 Equation R 43,644,000 Sky One 42,659,000 VALUE($) DBS Grp 101,167,670 OCBC Bk 96,151,765 UOB 58,858,920 CapitaLand 53,647,770 GLP 50,047,210 SingTel 41,907,620 Keppel Corp 35,872,260 JMH 28,968,190 SIA
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    • Article
      Lock icon RISES
      110 6 BY CENTS CLOSE UP Lyxor Indonesia10US$ 8947 240.4 2.2 Lyxor ThaiSET 10US$ ***** 190.1 1.2 DBXT AUDCS 5US$ ***** 162.4 0.7 DBXT iBoxxKR 5US$ ***** 127.1 0.7 SPDR DJIA 10US$ ***** 118.3 0.6 JMH 6401 117.1 1.5 SPDRS S&P 500 10US$ ***** 105.7 0.5 DBXT MSKorea 10US$ 6215 102.0
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    • Article
      Lock icon FALLS
      121 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -86.9 -0.6 DBXT FTVietnam 10US$ 2842 -73.0 -2.0 DBXT MSJAP 10US$ 4432 -26.4 -0.5 DBXT S&P Short 10US$ 2531 -21.4 -0.7 DBXT iBoxxSing 5SG$ ***** -9.0 -0.1 SembCorp Ind 541 -8.0 -1.5 Keppel Corp 1083 -6.0 -0.6 Lyxor China H 10US$ 1341
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      642 7 AWARDED FOR excellence. RENOWNED FOR persistence. “THE DOORS OF WISDOM ARE NEVER SHUT.” BENJAMIN FRANKLIN For over 65 years, we’ve maintained an unwavering focus on investment excellence across the globe. As one of the first global investment managers in Singapore, we are proud to have won over 150 awards since
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      826 8 United Overseas Bank Limited (Incorporated in the Republic of Singapore) and its Subsidiaries Company Registration No. *****0026Z FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 IMPORTANT The following financial information contains only a summary of the information in the financial statements of the Bank and the Group for
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      1384 9 INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF UNITED OVERSEAS BANK LIMITED Report on the financial statements We have audited the accompanying financial statements of United Overseas Bank Limited (the Bank) and its subsidiaries (collectively, the Group) set out on pages to which comprise the balance sheets of the Bank and
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      1834 10 Far Eastern Bank Limited (Incorporated in the Republic of Singapore) and its Subsidiary Company Registration No. *****0116D FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 IMPORTANT The following financial information contains only a summary of the information in the financial statements of the Bank and the Group for
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      87 11 Today, we celebrate all things new. New opportunities. New horizons. New partnerships. A new university focussed on applied learning. To nurture a new breed of talent. SINGAPORE INSTITUTE OF TECHNOLOGY SINGAPORE'S NEW UNIVERSITY. We've come a long way in a short time together with our partners. And along this journey,
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  • SINGAPORE NEWS
    • Article
      Lock icon Jubilee gift package planned for babies born in 2015
      566 12  -  Govt to invite ideas from Singaporeans to put together a set of tangible and meaningful items By MALMINDERJIT SINGH msingh@sph.com.sg BABIES born next year, the 50th anniversary of Singapore’s independence, will receive a Jubilee Baby Gift package, the National Population and
      566 words
    • Article, Illustration
      Lock icon Remembering Clarissa Tan
      754 12  -  The former BT journalist died in London on March 31 at the age of 42 18 months after she was diagnosed with colon cancer. JAIME EE honours her memory OBITUARY JAIME EE WHAT can I say. Clarissa was a friend. She posted a photo of herself on
      754 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon MAS awarded default judgement of $2.97m
        240 12 THE Monetary Authority of Singapore (MAS) has been awarded a default judgement of about $2.97 million against Norman Phua Chun Han, following a civil penalty court action against the latter. The sum comprises a civil penalty of $2.87 million for insider trading and another
        240 words
      • Article
        Lock icon New appointments at WSH Council
        116 12 ACTING Minister for Manpower Tan Chuan-Jin has appointed three new council members and re-appointed three current members to the Workplace Safety and Health (WSH) Council from April 1. They are: Natsteel Holdings Pte Ltd president and CEO Vivek Kamra, Keppel Offshore Marine Ltd CEO Chow
        116 words
      • Article
        Lock icon Coteam’s bunker licences cancelled
        95 12 THE Maritime and Port Authority of Singapore (MPA) has cancelled the bunker supplier and bunker craft operator licences of Coteam Petroleum Trading Pte Ltd from April 1. The company was found to have breached rules under its bunkering licence by allowing other companies to use its
        95 words
    • Article, Illustration
      Lock icon Kishore Mahbubani named among world’s top 50 thinkers
      404 12 BRITISH current affairs magazine Prospect has named Kishore Mahbubani among 50 of the world’s top thinkers for 2014. The dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore (NUS) is the only Singaporean on the
      404 words
    • Article
      Lock icon US firm bags Jurong Rock Cavern gas job
      459 12  -  It will supply liquid nitrogen to prevent oil from combusting By RONNIE LIM ronnie@sph.com.sg SINGAPORE’S first underground oil terminal the $1.7 billion Jurong Rock Cavern (JRC) is gearing for its start up. The first caverns will soon be filled with liquid nitrogen
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    • Article
      Lock icon 11 firms found to have colluded on Japan shipping rates
      300 12 Deutsche Post, Nissin, Nippon Express among them THE Competition Commission of Singapore (CCS) has issued a proposed infringement decision against an alleged cartel of freight forwarders, which is said to have fixed rates for shipments from Japan to Singapore. Eleven
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia turns in surprise trade surplus
      508 13 February’s sharp fall in imports helps Indonesia manage current account Reuters [JAKARTA] Indonesia posted an unexpectedly large trade surplus in February helped by a drop in imports, in a sign the economy is making progress in managing its current-ac-count deficit. Moderating inflation and more
      Reuters; PHOTO: BLOOMBERG  -  508 words
    • Article
      Lock icon Malaysia bonds outperform stocks in Q1
      748 13 Slower economic growth limits room for interest rate hikes Bloomberg [KUALA LUMPUR] Malaysian government bonds beat stocks in the first quarter as a disappointing economy limits the central bank’s room for interest rate increases. The Bloomberg Malaysia Local Sovereign Index, which tracks 63 ringgit-de-nominated
      Bloomberg  -  748 words
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      21 13 Where your team COULD BE walkING AMONGST GIANTS THERE’S NOTHING LIKE AUSTRALIA FOR YOUR NEXT BUSINESS EVENT. PLAN NOW, VISIT BUSINESSEVENTS.AUSTRALIA.COM
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Former military officer charged with graft
      534 14 Gu Junshan charged with taking bribes, misuse of public funds and abuse of power Re uters [BEIJING] China has charged former senior army officer Gu Junshan with corruption, state news agency Xinhua said, in what is likely to be the country’s worst military scandal
      Reuters  -  534 words
    • Article, Illustration
      Lock icon Yuan speculators hit by currency’s 2-way movement
      839 14 China policymakers put paid to yuan’s decade of gains Bloomberg [NEW YORK] China is succeeding in making its currency less predictable. Investors are paying the price. Clients of US commercial banks have lost about US$2 billion this year on US$332 billion of options
      Bloomberg; PHOTO: REUTERS  -  839 words
    • Article, Illustration
      Lock icon US envoy to India quits following rift between the 2 nations
      390 14 AFP [WASHINGTON] The US ambassador to India resigned on Monday in the wake of a bitter rift between the usually friendly countries following a diplomat’s arrest in New York. The announcement by Nancy Powell, a veteran diplomat with extensive
      AFP; PHOTO: AFP  -  390 words
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      1636 14 BEATS NOTICES ASIA ENTERPRISES HOLDING LIMITED NOTICE OF ANNUAL GENERAL MEETING Registration No.: *****1021H Incorporated in the Republic of Singapore ASIA ENTERPRISES HGLDING LIMITED NOTICE IS HEREBY GIVEN that the Annual General Meeting of Asia Enterprises Holding Limited (“the Company”) will be held at No. 3 Pioneer Sector Walk, Singapore
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  • WORLD
    • Article
      Lock icon ‘Too big to fail’ gives top banks funding advantage: IMF
      719 15 It concedes that in practice, bailouts may sometimes be unavoidable Reuters [WASHINGTON] Top banks around the world benefit from an assumption that governments will rescue them during a panic, despite regulations meant to reduce the need for future bailouts, the
      Reuters  -  719 words
    • Article, Illustration
      Lock icon Banks told financial reforms must go on
      544 15 Improved outlook doesn’t lower the necessity: FSB Bloomberg [BRUSSELS] The Financial Stability Board said banks and regulators must press on with reforms to the financial system even as the global economy recovers. “The improved global outlook does not diminish the need to continue
      Bloomberg; PHOTO: BLOOMBERG  -  544 words
    • Article, Illustration
      Lock icon Zuckerberg joins ranks of US$1-a-year tech bosses
      392 15 Bloomberg [SAN FRANCISCO] Mark Zuckerberg has decided he’s a US$1-a-year man. Mr Zuckerberg, who is Facebook Inc’s chief executive officer and also the 22nd richest person in the world as ranked by the Bloomberg Billionaires Index, was paid US$1 in salary for 2013,
      Bloomberg; PHOTO: REUTERS  -  392 words
    • Article, Illustration
      Lock icon RBA keeps rates at record lows, policy to stay stimulative
      556 16 It notes pick-up in spending, expansion in home building Reuters [SYDNEY] Australia’s central bank kept rates at record lows yesterday, saying policy would remain stimulative in order to boost demand and offset the drag from a cooling mining boom. The
      Reuters; PHOTO: BLOOMBERG  -  556 words
    • Article
      Lock icon Exports, PMI show S Korean recovery still on track
      268 16 Reuters [SEOUL] South Korea’s exports grew more strongly than expected last month while a private survey showed a pickup in manufacturing sector activity, suggesting that Asia’s fourth-largest economy continues to recover. Overseas shipments by South Korean firms rose by an annual
      Reuters  -  268 words
    • Article
      Lock icon March manufacturing picks up speed as weather improves
      476 17 Warmer temperatures give production and deliveries a big boost LATEST US DATA Bloomberg Reuters [WASHINGTON] Manufacturing in the US expanded at a faster pace in March as gains in production and orders showed the industry was mending at the close of a
      Bloomberg; Reuters  -  476 words
    • Article, Illustration
      Lock icon Japan proposes expanding foreign worker scheme
      489 17 Reuters [TOKYO] Japan is considering expanding a controversial programme that now offers workers from China and elsewhere permits to work for up to three years, as the world’s fastest-age-ing nation scrambles to plug gaps in a rapidly shrinking workforce. Prime Minister Shinzo Abe’s Liberal
      Reuters; PHOTO: REUTERS  -  489 words
    • BRIEFING
      • Article
        Lock icon HKMA probes alleged forex rigging
        63 17 AFP [HONG KONG] The Hong Kong Monetary Authority yesterday said it was investigating numerous banks for alleged foreign exchange market manipulation. Global regulators are investigating a number of firms linked to the suspected rigging of the foreign exchange market, where trading in the market is
        AFP  -  63 words
      • Article
        Lock icon Prudential to pay CEO over £8.7m for 2013
        70 17 Reuters [LONDON] Life and pensions group Prudential plans to pay chief executive Tidjane Thiam more than £8.7 million (S$18.2 million) in salary and benefits for 2013, according to the company’s annual report. His package includes a salary of £1 million, a bonus
        Reuters  -  70 words
      • Article
        Lock icon World Bank hikes lending capacity
        79 17 AFP [WASHINGTON] The World Bank plans to nearly double its annual lending to emerging economies like China and India as part of its effort to eliminate extreme poverty by 2030. The Bank announced yesterday that it would add US$100 billion to its lending capacity for
        AFP  -  79 words
    • Article
      Lock icon Bids submitted to build new casinos in Queensland
      428 17 Bloomberg [SYDNEY] Companies controlled by billionaires James Packer and Cheng Yu-tung have lodged bids to develop casinos in Australia’s Queensland state, as the state government plans to lure Asian tourists with new resorts. Mr Packer’s Crown Resorts and a venture including Mr
      Bloomberg  -  428 words
    • Article
      Lock icon Weaker Q1 for major Europe economies
      455 17 Policymakers may need to act to prop up faltering growth Reu ters Bloomberg [LONDON] Major economies in Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations that policymakers may be forced to act in the coming months to
      Reuters; Bloomberg  -  455 words
    • Article, Illustration
      Lock icon Ten ways Ukraine crisis may change world
      1050 22 Among them are Russia’s reduced role in int’l affairs and energy diversification Reuters [BRUSSELS] As Moscow and the West dig in for a prolonged stand-off over Russia’s annexation of Crimea, risking spillover to other former Soviet republics and beyond, here are 10 ways
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      308 15 Celebrate A Perfect 10 Uncompromising regimen, flexibility, dedication and flawless routine. These are the attributes of the finest gymnasts at the peak of their performance. Themed "Celebrating Excellence in Accountancy", the inaugural Singapore Accountancy Awards recognise outstanding practices and individuals in the profession. Submit your nominations by 18 April 2014
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      1911 16 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices EXCELPOINT TECHNOLOGY LTD (Company Registration No. *****3280C) (Incorporated in the Republic of Singapore with limited liability) NOTICE OF THIRTEENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirteenth Annual General Meeting of Excelpoint Technology Ltd (the “Company”) will be held at
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      893 16 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices EXCELPOINT TECHNOLOGY LTD (the “Company”) (Incorporated in the Republic of Singapore on 18 May 2001) (Company Registration No. *****3280C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (the “EGM”) of the Company will be held at Grand
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      396 17 GATS NOTICES In the Matter of The Companies Act, Cap. 50 and In the Matter of CROCKQTEC PTE. LTD. (In Member's Voluntary Liquidation! (Company Registration No. *****4756D) ("the Company") On 31 March 2014, the Resolutions set out below were duly passed at the Extraordinary General Meeting of the abovenamed Company
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      474 17 MOORE STEPHENS Singapore Shipping Forum 2014 Moore Stephens LLP is proud to present the Moore Stephens Singapore Shipping Forum 2014 on Thursday, 10 April 2014 at the Marina Bay Sands. This forum is held in conjunction with the Singapore Maritime Week 2014, supported by the Maritime and Port Authority of
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      2493 18 WATS NOTICES RIVERSTONE HOLDINGS LIMITED (*****0666-d) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Raffles Hotel Singapore, 1 Beach Road Singapore *****3, on Monday 21 April 2014 at 2.00 p.m. for the following purposes: ORDINARY BUSINESS 1.
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      24 18 Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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      2224 18 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD. (Incorporated in the Republic of Singapore) (Company Registration No.: *****7636Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at STI Auditorium, 168 Robinson Road, #03-01 Capital Tower, Singapore
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      97 18 THE BVI BUSINESS COMPANIES ACT, 2004 KELSO TRADING LTD Company No. *****48 (the “Company”) a BVI Business Company NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1) (b) of the BVl Business Companies Act, 2004 that Sean Andrew Coughlan of 25 Holland Hill #08-02 Singapore *****0
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      211 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ELBURY INVESTMENTS PTE. LTD. Company No. *****5199G (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final General Meeting of
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      1406 19 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF THE COMPANIES LISTED BELOW NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the belouvnamed companies, whose debts or claims have not already been admitted, are required on
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      4011 19 VENTURE CORPORATION LIMITED (Incorporated In Singapore) (Co. Reg. No: *****2886H) NOTICE OF ANNUAL GENERAL MEETING Informal Briefing on Venture Corporation Limited FY 2013 Results President Tan Kian Seng will take questions on Venture Corporation Limited FY 2013 Results and contents of the 2013 Annual Report at 11.00 a.m. immediately preceding
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      2851 20 0 WAT3 NOTICES O HEATEC JIETONGHOLDINGS LTD. Registration No. *****7808Z (Incorporated in the Republic of Singapore) Notice of Seventh Annual General Meeting NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting (“AGM”) of Heatec Jietong Holdings Ltd. (the “Company”) will be held at 10, Tuas South Street 15, Singapore
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      1953 20 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices COSCO CORPORATION (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****0159G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at Suntec Singapore International Convention Exhibition Centre, 1 Raffles Boulevard,
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      2254 21 YHI YHI INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****7455H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of YHI International Limited (the “Company") will be held at 2 Randan Road, Singapore *****4 on Friday, 25 April 2014 at 10.00
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      2411 21 SUNPOWER GROUP LTD. (Company Registration No. *****) (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2014 Annual General Meeting of the Company will be held at Level 6, Vanda 5, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore *****4 on
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      2233 22 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices m HIAP HOE LIMITED (Registration Number: *****0676Z) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hiap Hoe Limited ("the Company") will be held at Ramada Singapore, Level 2, Zhongshan
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      1275 22 B8AR3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices DYNAMIC COLOURS LIMITED Company Registration Number *****4233Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Dynamic Colours Limited (the “Company”) will be held at Sapphire 1, Orchid Lodge at
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  • Transport HUB
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      Lock icon Getting the message out
      735 23  -  The upcoming Singapore Maritime Week will have activities for everyone, from industry players to general public STRAIT TALK By DAVID HUGHES SINGAPORE’S shipping sector is deservedly receiving plenty of attention at the the moment. Hard on the heels of last month’s very successful Asia Pacific Maritime
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      Lock icon CMA CGM in no rush to list shares
      514 23 Shipper is looking at option but any move would not be in 2014: CFO Reuters [PARIS] CMA CGM, the world’s third-largest container shipper, is continuing to study the option of listing shares but any move would not be this year, the French
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    • Article
      Lock icon Magellan partners Trafigura to build condensate splitter in Texas
      516 23 Reuters [HOUSTON] Magellan Midstream Partners LP has linked up with commodity trader Trafigura AG to build a US$250 million facility at its south Texas terminal that will process a very light form of crude oil so it can be sold or
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      Lock icon MOL to invest 520b yen in LNG tanker business by 2020
      410 23 It aims to increase number of carriers to 120 from 66 now Reu ters [TOKYO] Japan’s sec-ond-largest shipping company, Mitsui OSK Lines Ltd (MOL), plans to invest 520 billion yen (S$6.3 billion) in the liquefied natural gas (LNG) tanker
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      31 23 HOW ARE YOU LIVING THE NEW YEAR? DO ONE RANDOM ACT OF KINDNESS DAILY LOVE MORE TRY SOMETHING NEW EVERYDAY SPEND MORE TIME WITH MUM BE A BETTER LISTENER KISS MORE
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      28 23 APRIL ISSUE OUT NOW! Breakfast with >>> APRIL 26, 2014 (SATURDAY) Discover how the all-new Citroën C4 Picasso suits your family’s needs perfectly! SIGN UP NOW AT WWW.TORQUE.COM.SG/EVENTS WWW.TORQUE.COM.SG
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  • TRANSPORT HUB: AVIATION
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      Lock icon Last words from MH370 not ‘all right, good night’: KL
      719 24 Correction of what M’sian ambassador to China had said comes 3 weeks later Reu ters [KUALA LUMPUR] The last words from the cockpit of a missing Malaysian jet were a standard “good night Malaysian three seven zero”, Malaysian authorities said,
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    • Article
      Lock icon Shrinking traffic troubles Tokyo’s Narita Airport
      475 24 Number of weekly takeoffs, landings has decreased by 63 WP [TOKYO] As Haneda Airport continues to boost the number of takeoff and landing slots for international flights, a deepening sense of alarm is emerging at Narita Airport. All Nippon Airways (ANA) has started a
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      Lock icon Gulfstream G650 resets the market for business aircraft
      819 24 The private jet has become a corporate status symbol just 15 months after debut Bloomberg [DALLAS] Ed Dahlberg got 40 calls in one day when he put a Gulfstream G650 up for sale in February. That’s unusual for a private jet especially
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      Lock icon TRANSPORT STOCKS
      247 24 SGX '000 Apr 01 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.26 unch 39 s$ Cwt Limited 1.50 0.03 1334 Ezra Hldgs 1.09 unch 893 First Ship Lea 0.12 0.01 1487 Grand Banks 0.21 unch 9 Jaya Hold Ltd 0.78 unch 799 K1Ventures 0.20 unch 1611 Keppel
      247 words
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  • Page 24 Miscellaneous
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      336 24 CRYPTIC CROSSWORD Across 1 Manage to get home after a series of races with third in league (6) 4 A marine professor’s position is conducted from the comfort of home (8) 9 Harp played in performing Oliver, say (6) 10 What a politician may do at elections for bread and
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  • TRANSPORT HUB: LAND
    • Article
      Lock icon GM chief faces grilling at Congress hearings
      799 25 Carmaker to be questioned on its slow response to defective ignition switches Reuters [WASHINGTON] The US Congress will try to establish who is to blame for at least 13 auto-related deaths over the past decade, as public hearings were launched yesterday on General
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      Lock icon French car sales pick up speed but volumes still low
      512 25 AFP [PARIS] French car sales picked up strongly in March after a grim year for the industry in 2013, but volumes remained low, trade data showed yesterday. The figures showed that French carmakers, including struggling Peugeot, did well, but that
      AFP; PHOTO: AFP  -  512 words
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      Lock icon Aston Martin in talks with Mercedes-Benz for 1st SUV
      244 25 Reuters [FRANKFURT] Luxury sports car maker Aston Martin is in discussions with Mercedes-Benz over building its first SUV and hopes to have the SUV in showrooms within three to four year, the Financial Times reported, citing sources. An Aston Martin spokeswoman
      Reuters  -  244 words
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      135 25 mm i 9 I M WV.W FM bsv'mIM IOSS92 ira •t y < one p/ace I «$oM A// thegr^otsongsm it Cl M V .7 i V w v 5592 BUCKET LIST S 1 [2 6*0 oh (K US as r 0 6 a luaratloi'v 1 >7 i ,.b" 0 1
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  • EDITORIAL & OPINION
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      Lock icon Asia’s geopolitical realities are changing
      515 26 EDITORIAL WHILE not (yet) perhaps amounting to a “tectonic shift” in the geopolitical foundations of North-east Asia, recent developments such as the chilling of relations among regional powers and the hint of a new Cold War between the US and Russia certainly represent more than
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      Lock icon Could climate targets be key to being more competitive?
      774 26  -  THE BOTTOM LINE THOMAS FRICKE The writer is chief economist of the European Climate Foundation and runs the German website WirtschaftsWunder Project Syndicate [BERLIN] As Europe’s debt crisis fades, another economic disaster seems to be looming the price of energy. Since
      Project Syndicate  -  774 words
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      Lock icon How grocers can grow with emerging Asia
      1044 26  -  Growth is strong and prospects are bright but not all companies pull ahead By NADER SERGE HOFFMANN, NIKHIL OJHA, NADER ELKHWEET, MIKE BOOKER The writers are Bain Company partners based in Hong Kong, Jakarta and Singapore, covering the Asia-Pacific THESE would seem like
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      Lock icon Rules for winning in emerging Asia
      204 26 BY sticking to these nine rules, retailers dramatically improve their odds of success: 1. Local relative market share delivers higher sales and lower costs; 2. Trade areas with large income base and low competition contribute to higher sales; 3. Only a cost-effective concept will
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      Lock icon Will BOJ hit 2% inflation target?
      1370 27  -  While the central bank’s bold monetary policies seem to be succeeding, many economists think the task is too difficult ANTHONY ROWLEY Tokyo Correspondent ON a crisp autumn morning in 2010, bankers and financial officials gathered in Washington’s Ronald Reagan Centre to hear then governor
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      Lock icon The Employer’s Creed
      858 27  -  By DAVID BROOKS DEAR employers, you may not realise it, but you have a powerful impact on the culture and the moral ecology of our era. If your human resources bosses decide they want to hire a certain sort of person, then young people begin turning themselves
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      Lock icon Chinese companies extend global reach
      834 27  -  By ROBIN PHILLIPS The writer is group general manager and global head of banking, HSBC HINA is likely to become a net investor in the world as overseas investments overtake inflows and, just as the country has benefited immensely from foreign investment over the past
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  • Article
    Lock icon SHIPPING TIMES
    2345 28 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      73 29 mporters coking for Warehouse Can they find your services here in the Shipping Times? »ii TO ADVERTISE, CALL JOE WONG AT *****327 THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE If you missed our recent superb editorial and industry highlights in The Business Times, log on to http://events.stclassified.sg/bt-offshoreoilandgas/ to
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      18 29 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      3151 30 Transaction date: Apr 1 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 13.6 10.4 8Telecom Vol Day Last Quote Div Gr Yld Net M Cap 181.6 102.4 AIMSAMPIReit 134 unch 1117 135
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      Lock icon SGX CATALIST
      331 31 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 35 22 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller
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      Lock icon UNIT TRUST & FUNDS
      11769 31 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.49/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1 8959/ China Opportunities 1 2 7164/ EM Local Ccy Bond *****/ European Opportunities 1 1 337/ Global Emerging Markets
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      Lock icon GLOBALQUOTE
      262 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61.5 34.4 AVJennings A60 +5 23 60 59 57 60.5 3.6 5.8 4.9 222.1 52 35.5 Genting HK US$ US38.5 -0.5 4125 39.5 38.5 38.5 39 2535
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      Lock icon SGX ETF
      1099 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.3 +0.1 1 113.3 113.3 113.3 114 517.2 143 119 CIMB APAC Div 100S$D 127.8 +0.3 127.8 127.8 127 129.2
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  • FINANCE & COMMODITIES
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      Lock icon SGX DERIVATIVES TRADING
      659 32 Apr 1 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.51 *****.51 *****.29 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****2 Sep14 *****.00 27 2290 MSCI TAIWAN INDEX FUTURES SPOT 312.57 313.90 311.76 Apr14 311.90 314.00 311.30 313.80 ***** *****7 May14 311.60 313.20 311.20 313.70
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 32 In local curr In S$ In US$ dy yr dy yr dy yr Mar 31 Index Change Change Change Change Change Change World Preliminary 1189.5 0.5 0.4 0.5 0.3 0.6 0.7 EAFE Preliminary 947.4 0.4 -0.9 0.5 -0.4 0.6 0.0 Europe Preliminary 1371.7 0.1 1.2
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      Lock icon INTERBANK CROSS RATES
      471 32 Apr 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.024 5.744 0.671 7.181 55.497 104.645 0.957 9.799 3.019 1.067 90.880 41.460 1.165 9.785 0.817 28.133 29.945 0.556 0.926 Canada 0.976 5.607
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    • Article
      Lock icon SIBOR
      29 32 Apr 1 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) ..0.***** Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      82 32 Apr 1 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 1-Year BY*****T 31-Oct-14 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.2 5-Year NX*****W 2.5 01-Jun-19 104.76 104.80 104.80 10-Year NX*****H
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      Lock icon PRECIOUS METALS
      143 32 Apr 01 GOLD(US$/oz) Apr 01 Mar 31 Hong Kong 1291.00 1294.00 Mar 31 Mar 28 London 1289.00 1291.19 1289.55 1292.41 Source: Thomson Reuters CAST BAR Apr 01 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 313 258 10gm 583 518
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    • Article
      Lock icon PALM OIL
      57 32 Apr 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 14 2700.0 2689.0 2728.0 2688.0 215 1553 May 14 2664.0 2635.0 2680.0 2632.0 4872 ***** Jun 14 2641.0 2613.0 2652.0 2610.0 ***** ***** Jul 14 2624.0 2600.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 32 Apr 1 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1649 1.1656 0.9254 0.9259 Canadian dollar 1.1371 1.1378 0.9038 0.9033 Euro 1.7361 1.7367 1.3792 1.3795 NZ dollar 1.0921 1.0930 0.8676 0.8682 Sterling pound 2.0972 2.0978 1.6660
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 32 As at 9am Apr 01 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.195 1.139 Can dollar 1.160 1.116 Euro 1.774 1.690 Sterling pound 2.137 2.055 NZ dollar 1.118 1.075 US dollar 1.285 1.224 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      157 32 Apr 1 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.10 US$ 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
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    • Article
      Lock icon CHICAGO BOT
      109 32 Mar 31 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1464.00 1436.50 1466.50 1423.00 Jul 14 1429.50 1407.75 1432.00 1394.50 Aug 14 1361.00 1351.50 1362.75 1335.25 Sep 14 1248.00 1247.00 1249.00 1227.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14
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      Lock icon LIFFE
      95 32 Mar 31 Mar 31 COCOA(£/tonne) Close Prev High Low May 14 1867 1883 1895 1862 Jul 14 1864 1883 1895 1862 Sep 14 1864 1882 1893 1862 Dec 14 1848 1866 1876 1847 COFFEE(US$/tonne) Close Prev High Low Mar 14 2154 2154 2176 2167 May 14 2094 2096 2108
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1135 32 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 37.5 -2.5 1 0.0 5 -89 51 Asia-Pacific Strategic W*****6 1 1 123 185 43.50 1 Ratio Exer Ascendas Reit MB eCW*****1 2 0.2 210 0 Ascendas Reit
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      Lock icon CRUDE OIL & PRODUCTS
      70 32 CRUDE OIL PRODUCTS Mar 31 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.01 -0.73 WTI (Near Mth) 101.45 -0.15 Dubai (1-Mth F) 104.48 -0.24 Tapis blend 110.97 -0.67 Minas 107.27 -0.37 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.22 0.72 Jet Kerosene 119.92 -0.36 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 32 Apr 1 S$ Bid Offer 1-month 1.2588 1.2589 2-months 1.2588 1.2589 3-months 1.2587 1.2589 6-months 1.2585 1.2587 Source: OCBC
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      Lock icon LONDON METALS
      66 32 Mar-31 Mar-31 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1744.25 1716.10 3 months 1785.00 1758.00 Copper, Grade A(US$/tonne) Cash 6650.00 6685.50 3 months 6645.00 6670.00 Lead(US$/tonne) Cash 2041.00 2044.50 3 months 2068.00 2067.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.50 3 months
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      182 33 Primary school with good reputation. Within walking distance. 1 km from mother-in-law. t •p r There’s a better chance of finding your dream house. STProperty. Let STProperty help you find properties near the schools of your choice, so you can increase your chances of getting a place! Hurry, log on
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  • executive Money
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      Lock icon Commodities rally on US weather, Ukraine crisis
      1458 34 But Citi and Goldman say rally won’t last as supply surpluses start to emerge Bloomberg A YEAR after Citigroup Inc declared the decade-long run of commodity gains over, wacky weather, dead piglets and Vladimir Putin have gotten in the way. While Citigroup rang
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      Lock icon Schroders fund seeks to limit losses
      820 33  -  Schroder Global Equity Stabiliser’s indicated downside for a 12-month period is 15% By GENEVIEVE CUA gen@sph.com.sg SCHRODERInvestmentManagement is launching a fund that seeks to limit fund losses to about 15 per cent over a 12-month rolling period. Thi s i s ac hi eve
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    • Article
      Lock icon Russian displays of wealth in London may be just bluster
      777 33 NYT [NEW YORK] Russian listings on the London Stock Exchange; Russians buying multimillion-dollar homes in Chelsea, on streets called Billionaires’ Row; Russian children in Britain’s most exclusive schools, while their parents shop at Harrods and Asprey; Russians running soccer clubs
      NYT  -  777 words
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      221 34 Sustaining wealth Across Generations \^/>) C The Business Times And Coutts Present “Making Succession A Success” Forum Wednesday, 23 April 2014 Straits Room, The Fullerton Hotel By Invitation Only Wealth is burgeoning in Asia; so is the population of ultra-high net worth (UHNW) households. In fact, two of the region’s
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      9 34 EQUITIES Schroders fund seeks to limit losses PAGE 33
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