The Business Times, 18 April 2014

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

Microfilm: NL33109
Total Pages: 37
1 39 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    19 1 THE BUSINESS TIMES www.businesstimes.com.sg FRIDAY, APRIL 18, 2014 S$1.00| S$1.00| MCI (P) 085/08/2013 sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • Article
    Lock icon SGX, Taiwan exchange in talks
    26 1 CROSS-TRADING THE Singapore and Taiwan stock exchanges are in talks on potential cross-trading of selected shares listed on both bourses. 2
    26 words
  • Article
    Lock icon M’sian politician Karpal Singh dies
    22 1 OBITUARY VETERAN Malaysian lawmaker and opposition stalwart Karpal Singh was killed yesterday in a road accident.| 4
    22 words
  • Article
    Lock icon CCT posts 7.2% rise in Q1 DPU
    29 1 NEW LEASE CCT, which posted 7.2% rise in Q1 DPU, renewed Robinsons and Marks Spencer lease at Raffles City Shopping Centre. 7
    29 words
  • Article
    Lock icon It’s better than what it seems
    27 1 CHINA ECONOMY CHINA’S economy is doing better than official data suggests, Beijing said after figures showed growth at 18-month low.| 12
    27 words
  • Article, Illustration
    Lock icon March non-oil exports weaker than expected
    744 1  -  But the official GDP growth estimate for first quarter may not be revised downwards By Chuang Peck Ming peckming@sph.com.sg Singapore NON-OIL domestic exports (NODX) for March were weaker than expected, but it doesn’t necessarily mean the official estimate for the first quarter’s economic growth
    Source: IE Singapore  -  744 words
  • Article, Illustration
    Lock icon Serving the Queen, and now Singapore
    1196 1  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THEY’VE served the British royal family since the reign of King George III, and now the UK’s oldest wine and spirits merchant, Berry Bros Rudd (BB&R), has set up shop in Singapore. That means wine lovers here now
    PHOTO: ARTHUR LEE; BT Graphics: Kelly Tay, Simon Ang  -  1,196 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,253.80 (+0.60) ESTI FUTURES 3,225.00 (unch) GSIMSCI 368.93 (+0.43) GSIMSCI FUTURES 366.40 (+0.50) STOCKS Thursday Change KL COMP 1,850.54 +5.17 NIKKEI 225 14,417.53 -0.15 HANG SENG 22,760.24 +64.23 SET 1,408.78 +6.94 JAKARTA 4,897.05 +24.04 MANILA 6,671.18 +49.52 KOSPI 1,992.05 -0.16 SHENZHEN B 845.27 -0.95 MUMBAI IND 22,628.84 +351.61
        59 words
      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.952 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
        29 words
      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.250 (US$/S$ per 1.683 2.104 EURO (US$/S$/€ 1.384 1.730 Foreign currency per US$ S$ YEN 102.00 81.60 RM 3.237 2.590 HK$ 7.754 6.204 BAHT 32.21 25.77 RUPIAH 11,422 9,138 RENMINBI 6.218 4.975 INDIAN RUPEE 60.43 48.35 A$ 1.068 0.854 NZ$ 1.159 0.927
        49 words
    • Article
      Lock icon SGX, Taiwan mull cross-trading of shares
      722 2  -  The two exchanges may shortlist a pool of high-quality stocks to start with By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE Singapore and Taiwan stock exchanges are in talks on potential cross-trading of selected shares listed on both bourses, the Taiwan bourse’s chairman revealed yesterday.
      722 words
    • Article
      Lock icon Correction
      44 2 IN 10 things to know about Q1 GDP” (BT, April 15), we wrongly reported that the government is projecting a 2-3 per cent expansion in the economy for 2014. The range should have been 2-4 per cent. We are sorry for the error.
      44 words
    • Article, Illustration
      Lock icon Malaysia Airlines should not be privatised
      479 4  -  COMMENTARY Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent WRESTING ailing Malaysia Airlines from the public domain and taking it private may be a tempting proposition, with its financial woes growing in the face of the missing MH370 jet. But this is the easy way out,
      479 words
    • Article, Illustration
      Lock icon Malaysia opposition stalwart Karpal Singh dies in truck collision
      756 4  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur VETERAN Malaysian lawmaker and opposition stalwart, Karpal Singh, was killed yesterday after the vehicle that was carrying him and five others collided with a truck on the outskirts off Gua Tempurong in Perak. Mr Singh
      PHOTO: THE STAR  -  756 words
    • Article
      Lock icon Growth in premium air travel slows in February
      460 6  -  Drop is sharper in Far East, probably due to China slowdown: Iata By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE outlook for the premium travel markets is generally positive but the recent slowdown in key economies could dampen further growth, according to the
      460 words
    • Article
      Lock icon iPhone update may feature song-ID
      571 6 Bloomberg San Francisco APPLE Inc wants to help you name that tune. The company is planning to unveil a song-dis-covery feature in an update of its iOS mobile software that will let users identify a song and its artist using an iPhone or iPad, said
      Bloomberg  -  571 words
    • Article, Illustration
      Lock icon New SAT gets real, ditches obscure words
      658 6 WP New York IN the new Scholastic Aptitude Test (SAT), analysing a scatterplot chart on Florida manatees and citing evidence to back up answers will trump knowledge of arcane vocabulary. Draft questions released on Wednesday by the College Board, owner of the US
      WP; PHOTO: AFP  -  658 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      143 2 CONTENTS NEWS EXECUTIVE LIFESTYLE Cover Story 38-39 Cinema 37 Top Stories 2-6 Companies 7-9 Singapore 10-11 World 12-18 Aviation/Shipping 19-20 Shipping Times 21-23 Perspective 24-25 Stocks Stats 26-30 Arts/Music 36 Arts 34-35 Pursuits 33 Wine 32 MANPOWER ISSUES? LOW PRODUCTIVITY? INCREASING SALARIES? Calling all SME F&B Bosses to attend our
      143 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      143 3 THE SOUND VISION SPECIALIST Zik Zikmu Selection of over 200 models available ’ll I *1 Zikmu Now: $2,688 Parrot Wireless Series design by S+ARCK 8 4# BY-66 From $800 to $7000 Denon Marantz Onkyo AV Receiver Enjoy the Ultimate Home Entertainment System Subsidiary Company I I B Zikmu'Solo M Now:
      143 words
Page thumbnail Page 4
Page thumbnail Page 5
  • Page 5 Advertisements
Page thumbnail Page 6
Page thumbnail Page 7
  • COMPANIES
    • Article
      Lock icon CCT renews Robinsons, M&S lease at Raffles City
      683 7  -  Trust posts 7.2% increase in Q1 DPU to 2.08¢, poised to ride Grade A office rental recovery By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore CAPITACOMMERCIAL TRUST (CCT), which posted a 7.2 per cent year-on-year increase in distribution per unit (DPU) for the first
      683 words
    • Article
      Lock icon POSH launches IPO at $1.15 per share
      663 7  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore PACC Offshore Services Holdings (POSH), owned by Malaysia’s richest man Robert Kuok, yesterday launched its listing on the mainboard of Singapore Exchange, making it the largest IPO in Singapore so far this year. The shares are priced
      663 words
    • Article
      Lock icon Temasek’s Olam offer fair but not to all
      489 8  -  It is not reasonable on a see-through price basis for convertible bondholders, say Olam independent directors By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore ROTHSCHILD, the independent financial adviser (IFA) to Olam International, has declared Temasek’s offer to be “fair and reasonable” for shareholders
      489 words
    • Article, Illustration
      Lock icon Low China exposure makes UOB best S’pore bank stock
      398 8  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore UNITED Overseas Bank (UOB) has become the best-performing local bank stock. On Tuesday, it rose to a multi-year high of $22.23 as it has become a safe bet given it’s low exposure to China.
      Source: Bloomberg  -  398 words
    • Article, Illustration
      Lock icon CMA posts 2.8% rise in Q1 profit
      212 8  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore CAPITAMALLS Asia (CMA) posted a 2.8 per cent increase in first-quarter net profit to $75.3 million from $73.2 million. Revenue rose 4.8 per cent year-on-year to $125 million. This growth in revenue was mainly driven by higher
      FILE PHOTO  -  212 words
    • Article, Illustration
      Lock icon Cambridge Industrial Trust to slash performance fees
      481 9  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE manager of Cambridge Industrial Trust (CIT) has decided to amend the calculation method of its performance fees this will reduce the fees by about half with immediate effect. Speaking at the Reit’s fifth annual general meeting,
      Source: Bloomberg  -  481 words
    • Article, Illustration
      Lock icon STI in positive territory, thanks to Jardine stocks
      645 9  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent JARDINE stocks may have taken a back seat to CapitaLand and other property plays in supporting the Straits Times Index (STI) on Tuesday and Wednesday, but they made a comeback yesterday when rises in the Jardine
      645 words
    • Article
      Lock icon TOP 20 ACTIVES
      192 9 VOL CLOSE A l bedo 248 v462 1 .9 -0 .5 -20 .8 Charisma Energy 116 -20.8 656 5 .5 0 .4 7 .8 HanKore Env 100 HanKore Env 722 1 1 .5 0 .2 1 .7 Memstar Tech 69 ***** 391 2 .4 0 .2 9
      192 words
    • Article
      Lock icon STI STOCKS
      118 9 Stock name Close Change CapitaLand 3.180 +0.050 CapitaMall Trust 2.010 +0.020 CapitaMalls Asia 2.190 CityDev 10.420 +0.050 ComfortDelGro 2.050 +0.030 DBS Grp 16.900 +0.060 Genting Sing 1.315 -0.005 Global Logistic 2.760 +0.060 Golden Agri-Res 0.610 +0.005 HPH Trust USD 0.675 HongkongLand USD 6.850 -0.030 JMH 400 USD 61.960
      118 words
    • Article
      Lock icon TOP GAINERS
      66 9 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 257.4 1.7 DBXT Nifty 10US$ ***** 146.2 1.0 Jardine C&C 4823 131.0 2.8 DBXT iBoxxSvEu 5US$ ***** 116.2 0.3 DBXT E50 10US$ 5304 62.5 1.0 DBXT MSTHAI 10US$ 1960 58.7 2.5 DBXT MSEurope 10US$ 6107 41.2 0.5 DBXT SPASX200 10US$
      66 words
    • Article
      Lock icon TOP LOSERS
      60 9 BY CENTS CLOSEDOWN GLD 10US$ ***** -56.2 -0.4 DBXT AUDCS 5SG$ ***** -26.0 -0.1 Keppel Corp 1099 -20.0 -1.8 DBXT MSKorea 10US$ 6343 -20.0 -0.3 SIA 200 1026 -17.0 -1.6 SIA 1029 -14.0 -1.3 DBXT FTVietnam 10US$ 2746 -13.8 -0.4 DBXT AUDCS 5AU$ ***** -9.4 0.0 DBXT EONIA
      60 words
Page thumbnail Page 8
Page thumbnail Page 9
Page thumbnail Page 10
  • SINGAPORE
    • Article, Illustration
      Lock icon LF Logistics building luxury goods facility
      481 10  -  Project is another milestone in partnership between Li Fung and Singapore: EDB By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT SPURRED by rising wealth and consumerism in Singapore and the region, LF Logistics will be establishing a new warehousing facility here to house luxury and consumer goods.
      481 words
    • Article, Illustration
      Lock icon Super hole-in-one prizes at SICC charity golf
      236 10  -  By Justine Moss A SUPER drive at holes four and 11 at Singapore Island Country Club’s (SICC) New Course on May 1 could just give a golfer the chance to score a super fast drive home. AutoInc, together with AXA Insurance and Anika
      236 words
    • Article
      Lock icon Instant grant approval for 40 firms that want to buy automation gear
      527 10  -  By Lisabelle Tan lisatan@sph.com.sg FORTY companies which had applied for grants to buy man-power-saving equipment to ramp up their productivity were last week awarded a total of $600,000 on the spot. It was the first time the Employment
      527 words
    • Article, Illustration
      Lock icon Productivity will pick up in next 3 years: AchieveGlobal director
      608 11  -  SMEs are working on their manpower problems now, and their efforts will bear fruit soon By Sheena Tan tsheena@sph.com.sg A SENIOR director at leadership, sales and customer-service training provider AchieveGlobal has expressed optimism that productivity here will pick up in
      608 words
    • Article, Illustration
      Lock icon Local firm SiS Int’l, US’s Inflexionpoint form JV
      368 11  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT HAVING invested in several small to mid-sized tech companies, local distribution firm SiS International Holdings is eyeing a wider spectrum of companies after roping in former Apple CEO-backed investment firm Inflexionpoint in a joint venture. The joint-venture
      368 words
    • Briefing
      • Article
        Lock icon Patrick Dewilde takes on new Citi role
        94 11 CITI yesterday announced the appointment of Patrick Dewilde as Asia-Pacific’s head of markets and securities services, subject to regulatory approval. In his new role, he will be a member of Citi’s Asia Pacific Operating Committee, Executive Committee, and Global Markets Management Committee. He
        94 words
      • Article
        Lock icon 5 more plans under LKY Fund for Bilingualism
        108 11 THE Lee Kuan Yew Fund for Bilingualism is sponsoring another five proposals to promote the English Language and the official Mother Tongue Languages in its efforts to promote bilingualism among pre-school children. The proposals are from Robot Playground Media Pte Ltd, Singapore
        108 words
      • Article
        Lock icon New CSR programme launched
        80 11 THE APF group, which helps companies conceptualise and manage awards, yesterday launched a Corporate Social Responsibility (CSR) campaign to rally at least 100 SMEs to give to those in need. Glenn Lim, APF’s executive director, said the campaign called “Brands for Good” hopes to inspire others
        80 words
Page thumbnail Page 11
Page thumbnail Page 12
  • WORLD
    • Article, Illustration
      Lock icon China says economy faring better than data suggests
      473 12 2013 trade numbers were artificially inflated before a crackdown on fake deals Reuters Beijing CHINA’S economy is doing better than official data suggests, the Commerce Ministry said a day after figures showed growth at an 18-month low, adding that targets for exports
      Reuters; PHOTO: AFP  -  473 words
    • Article
      Lock icon China property slump stirs talk of easing of curbs
      544 12 Bloomberg Beijing CHINA’S slump in property sales and construction is spurring speculation that the government’s four-year-old campaign of real estate controls will start to crack. Citigroup Inc sees “targeted easing” including on home purchase restrictions, while Bank of America Corp says
      Bloomberg  -  544 words
    • Article
      Lock icon Weibo valued at lower end of expectations on Nasdaq
      216 12 Reuters New York CHINA’S Weibo Corp will be valued at a lower-than-expected US$3.46 billion when it goes public on the Nasdaq later yesterday, amid concerns about the microblogging service’s slowing user growth and the country’s highly censored media environment. The Twitter-like
      Reuters  -  216 words
    • Article, Illustration
      Lock icon India goes to the polls in biggest voting day
      591 13 Nehru-Gandhi clan battling to save ruling Congress party from defeat to opposition BJP AFP New Delhi INDIA hosted its biggest day of voting yesterday in its marathon election, with the Nehru-Gandhi dynasty battling to save the ruling Congress party from defeat
      AFP; PHOTO: AFP  -  591 words
    • Article
      Lock icon Tata Consultancy expects stronger growth this year
      390 13 Bloomberg Mumbai TATA Consultancy Services, India’s largest software exporter, predicts growth will be stronger this year as customers in the US and Europe, as well as the Asia-Pacific region outsource more work. “We are exiting the year with a great growth momentum,” chief
      Bloomberg  -  390 words
    • Article, Illustration
      Lock icon Google Q1 results fall short of expectations
      563 14 Shares tumble 2.8% despite the tech giant posting a 32% jump in profit and a 19% rise in revenue AFP New York GOOGLE lost some of its lustre on Wednesday as quarterly results failed to meet lofty Wall Street expectations, sending its shares
      AFP; PHOTO: BLOOMBERG  -  563 words
    • Article, Illustration
      Lock icon Yahoo wants to replace Google in Apple search
      315 14 It has the support of some Apple execs, says report Reuters California YAHOO Inc’s chief executive Marissa Mayer is working on a plan to persuade Apple Inc to ditch Google as its default search engine in favour of Yahoo, technology news site
      Reuters  -  315 words
    • Article
      Lock icon Europe’s top banks to cut assets again this year
      660 15 Move stems from measures to end systemic threat of ‘too big to fail’ Reuters London EUROPE’S top 30 banks cut assets by two trillion euros (S$3.461 trillion) last year and are set to cut them again this year as regulatory pressure
      Reuters  -  660 words
    • Article
      Lock icon US economy ‘emerging from winter freeze’
      588 16 Modest or moderate expansion recorded since March in 8 of 12 Fed regions surveyed AFP Washington THE US economy is showing clear signs of emerging from the brutal winter, with consumer spending picking up broadly, the Federal Reserve’s Beige Book survey showed. “Economic activity
      AFP  -  588 words
    • Article, Illustration
      Lock icon Sales of Sony’s PS4 cross 7m mark in five months
      461 16 Company pledges to cut costs, sell Square Enix stake Bloomberg Los Angeles SONY Corp’s PlayStation 4 (PS4) sales are proving a bright spot for chief executive officer Kazuo Hirai who is cutting costs to spur a revival at a company
      Bloomberg; PHOTO: BLOOMBERG  -  461 words
    • Article
      Lock icon Citic Pacific in 226.9b yuan asset acquisition
      578 17 It will pay cash and stock for its parent’s Chinese banking and brokerage assets Bloomberg Hong Kong HONG KONG’S Citic Pacific has agreed to pay 226.9 billion yuan (S$45.59 billion) to buy Chinese banking and brokerage assets from its state-owned parent, underscoring China’s
      Bloomberg  -  578 words
    • Article, Illustration
      Lock icon Platinum strike extends output shortfall
      718 17 Bloomberg New York A LABOUR dispute that has all but shut platinum mines in South Africa since January is extending the longest shortfall in global production since 2005, which Morgan Stanley predicts will take at least four years to fix. For a third straight year,
      Bloomberg; PHOTO: REUTERS  -  718 words
    • Article
      Lock icon Syed Mokhtar-linked venture bags RM1b water project
      530 18  -  It will build the controversial Langat 2 water treatment plant in Selangor By Pauline Ng Kuala Lumpur A CONSORTIUM that includes a unit of MMC Corporation Bhd, a conglomerate controlled by tycoon Syed Mokhtar Al-Bukhary, has been given the job of building a
      530 words
    • Briefing
      • Article
        Lock icon Amex Q1 profit of US$1.4b beats estimates
        69 18 Bloomberg New York American Express posted a first-quar-ter profit that beat analysts’ estimates as customer spending climbed. Net income increased 12 per cent to US$1.43 billion from US$1.28 billion a year earlier. Revenue advanced 4 per cent to US$8.2 billion. Chief executive officer
        Bloomberg  -  69 words
      • Article
        Lock icon Morgan Stanley posts US$1.5b Q1 gains
        70 18 Bloomberg New York Morgan Stanley reported profit that beat analysts’ estimates as revenue from its brokerage unit, the world’s largest, increased from a year earlier for a sixth straight quarter. First-quar-ter net income rose to US$1.51 billion from US$962 million a year earlier. Excluding
        Bloomberg  -  70 words
      • Article
        Lock icon Goldman Sachs Q1 earnings down 11%
        64 18 Reuters New York Goldman Sachs Group reported an 11 per cent drop in first-quarter profit as client ac- tivity remained constrained and fixed income revenue shrank. The Wall Street bank said yesterday that its net income fell to US$1.95 billion for the first three
        Reuters  -  64 words
      • Article
        Lock icon IBM Q1 profit drops to US$2.4b
        79 18 Reu ters New York IBM’s first-quarter net profit fell to US$2.38 billion from US$3.03 billion a year earlier. The results included an US$870 million charge related to job cuts, it said. On an adjusted basis, the company earned US$2.54 per share. Analysts on average
        Reuters  -  79 words
      • Article
        Lock icon Blackstone posts 30% rise in Q1 earnings
        64 18 Reuters New York Blackstone Group, the world’s largest alternative asset manager, reported a 30 per cent rise in first-quarter earnings, driven by strong gains in its private equity arm that more than offset declines in its real estate unit. Its economic net income
        Reuters  -  64 words
    • Article, Illustration
      Lock icon Japan downgrades view of economy
      452 18 Reuters Tokyo JAPAN’S government slightly cut its overall view on the economy, its first downgrade in a year and a half, but officials shrugged off the need for more stimulus to support the economy. The government said that the economy was on track for a
      Reuters; PHOTO: REUTERS  -  452 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      28 12 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
      28 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      784 13 EXPRESS OFFSHORE SOLUTIONS PTE. LTD. (Incorporated in the Republic of Singapore) (Company Registration Number *****0209C) (The “Company”) NEWSPAPER NOTICE Notice is hereby given pursuant to Sections 76(10)(h) and 76(12) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that at an Extraordinary General Meeting of the Company deemed
      784 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      31 14 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
      31 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      144 15 Attention Local Business Owners! Breach our to** 1.3MILLI0N POTENTIAL ■CUSTOMERS FOR FREE! ‘Average monthly visitors on STDirectory STDirectory.sg is offering a two-month free trial for an enhanced online directory business listing package to local businesses. This package includes: COMPANY LOGO COMPANY PROFILE Display your business logo to represent your company's
      144 words
Page thumbnail Page 16
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      103 17 IFBO VIETNAM 2014 International Franchise Business Opportunities 4-6 September 2014 10.00am 5.00pm Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam International franchise brands and business concepts under one roof Get free lessons on franchising from the experts! Pick up useful tips on doing business in Vietnam *Enjoy preferential
      103 words
Page thumbnail Page 18
Page thumbnail Page 19
  • SHIPPING/AVIATION
    • Article
      Lock icon 286 people still missing in Korea ferry disaster
      423 19 Rescuers hear nothing as they hammer on capsized vessel’s hull Reuters Jindo, South Korea RESCUERS fought rising winds and waves yesterday as they searched for hundreds of people, mostly teenage schoolchildren, still missing after a South Korean ferry capsized more than 24
      Reuters  -  423 words
    • Article
      Lock icon Competition panel clears proposed SIA-Air NZ tie-up
      324 19  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Competition Commission of Singapore (CCS) has cleared the proposed strategic alliance between Singapore Airlines (SIA) and Air New Zealand (Air NZ), noting that competition concerns which could arise from the tie-up would be offset by net
      324 words
    • Article, Illustration
      Lock icon Drone completes first full seabed scan in jet hunt
      550 20 Sample of oil slick from search area west of Perth is also being analysed search for mh370 Reuters Perth, Australia A DEEP-SEA drone has completed its much-anticipated first full scan of the seabed in the remote Indian Ocean, the team looking
      Reuters; PHOTO: REUTERS  -  550 words
    • Article
      Lock icon Vapores, Hapag-Lloyd strike merger deal
      375 20 Reuters Frankfurt CHILEAN carrier Compania SudAmericana de Vapores on Wednesday said that it has signed a binding deal with Germany’s Hapag-Lloyd to create the world’s fourth-largest container shipping company. The terms of the agreement are unchanged from those in the memorandum of understanding that the
      Reuters  -  375 words
    • Article
      Lock icon Aquino sorry about fresh airport mess
      332 20 AFP Manila PHILIPPINE President Benigno Aquino publicly apologised on Wednesday for failures in air conditioning at Manila airport, already named by an online travel guide as the world’s worst. The fresh debacle at Terminal 1, used by foreign airlines, came as millions of Filipinos
      AFP  -  332 words
    • Article
      Lock icon TRANSPORT STOCKS
      152 20 SGX '000 Apr 17 S$ +/-Vol Chuan Hup Hldg 0.28 0.02 1166 Apr 17 s$ Vol Jaya Hold Ltd Mercator Lines 0.10 unch 40 Neptune Ol Ltd Rickmers Mari......................0.29 unch 743 Samudera Ship 0.14 unch 11 Sembcorp Indus 5.40 -0.08 1304 Sembcorp Marin Vibrant Group 0.10 unch 1648
      152 words
  • Page 19 Advertisements
Page thumbnail Page 20
Page thumbnail Page 21
  • Article
    Lock icon SHIPPING TIMES
    2349 21 Vessel Voy Sin Pusan Majuro Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Apia Pago Pago Papeete Nukualofa Lae P. Moresby Townsville Hanjin Ningbo 0005E 22 Apr 18 May 2 Jun 4 Jun 9 Jun 12 Jun 13 Jun 17 Jun 18 Jun 20 Jun 20 Jun 25
    2,349 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      27 22 Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times Shipping Times
      27 words
Page thumbnail Page 23
Page thumbnail Page 24 / 25
  • PERSPECTIVE
    • Article, Illustration
      Lock icon The case for less work time
      886 24 / 25  -  It is ultimately about promoting a higher quality of life with a higher quality of work, but legislation to reduce work time is essential. By David Spencer By David Spencer ~The writer is professor of economics and political economy at University of Leeds The
      The Conversation; PHOTO: BLOOMBERG  -  886 words
    • Article
      Lock icon Keeping taglines relevant
      823 24 / 25  -  By Bala Shankar ~The writer is an adjunct professor at SMU and director of NPS International School “JUST do it” did it for Nike. “The choice of a new generation” ushered in scores of new generation consumers for Pepsi. That was the past. How much are taglines
      823 words
Page thumbnail Page 26
  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8236 26 Transaction date: Apr 17 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 13.6 10.4 8Telecom 12.5cd 11.4 12.5 6.3 1 16.2 59.9 20 3.3 A-Sonic Aero 10.1 -0.2 2014 10.3 10.1 10.1 10.3
      8,236 words
    • Article
      Lock icon SGX CATALIST
      2013 29 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 $mil 35 22 t 3Cnergy 500 30 30 34 29.5 28.5 19 t 800 Super 26.5 -0.5 11 26.5 25.5 25.5 26.5 3.2 3.8 8.3 47.4
      2,013 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 29 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 4 0 0 0 8 3 4 Manufacturing 44 54 41 7 12 5 51 66 46 Commerce 22 20 19 3 4 5 25 24 24 Tpt/Stor/Comms 14 10 16
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      802 29 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Apr 14 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Progen Hldgs 15-Apr-14 Lee Ee Buy 100 0.15 ***** 21.03 ***** 21.06 Beng Kuang Marine 14-Apr-14 DP
      802 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 29 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 46,022 46,022 120,526 120,526 Manufacturing 326,742 85,675 412,417 92,225 3,226 95,452 Commerce 128,244 271,858 400,102 83,182 9,062 92,244 Tpt/Stor/Comms 80,566 2,619 83,185 117,605 300 117,905 Finance 24,105 625 24,730 136,850 157 137,006 Construction 31,146 127,613
      122 words
Page thumbnail Page 27
Page thumbnail Page 28
Page thumbnail Page 29
Page thumbnail Page 30
  • MARKETS
    • Article
      Lock icon LIFFE
      93 30 Apr 16 COCOA (£/tonne) Close Prev High Low May 14 1849 1860 1860 1845 Jul 14 1857 1868 1868 1853 Sep 14 1860 1869 1870 1855 Dec 14 1853 1861 1864 1850 COFFEE(US$/tonne) Close Prev High Low May 14 2064 2121 2112 2060 Jul14 2082 2128 2123 2078 Sep
      93 words
    • Article
      Lock icon METALS
      66 30 Apr 17 GOLD(US$/oz) Apr 17 Apr 16 Hong Kong 1303.00 1307.00 Apr 16 Apr 15 London 1299.30 1301.69 1300.10 1302.56 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.91 24.14 Source: UOB PLATINUM Lon (US$/oz) Apr 16 Close Previous PM Fix 1442.00 1435.00 AM Fix 1439.00 1449.00 Source:
      66 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 30 Apr 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.200 1.143 Can dollar 1.156 1.112 Euro 1.768 1.684 Sterling pound 2.142 2.060 NZ dollar 1.105 1.063 US dollar 1.274 1.214 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 30 YTD change: +2.73% 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 30 YTD change: -2.34% 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 Dow Jones Industrial Average
        26 30 YTD change: -0.92% 52-week high: 16,631.63 on April 4,2014 52-week low: 14,444.03 on April 19,2013 (Chart shows Wednesday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        20 30 YTD change:-0.81% 52-week high: 2,334.33 on May 29,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 30 YTD change: -11.50% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 12,415.85 on June 13,2013 Source: Bloomberg
        Source: Bloomberg  -  19 words
    • Article
      Lock icon PALM OIL
      57 30 Apr 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 14 2743.0 2736.0 2745.0 2705.0 732 6436 Jun 14 2704.0 2700.0 2712.0 2653.0 6366 ***** Jul 14 2690.0 2684.0 2700.0 2640.0 ***** ***** Aug 14 2678.0 2674.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      78 30 Apr 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****T 31-Oct-14 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.31 101.34 101.34 5-Year NX*****W 2.5 01-Jun-19 105.32 105.40 105.40 10-Year NX*****H 2.750 01-Jul-23
      78 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 30 Apr 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1701 1.1712 0.9364 0.9369 Canadian dollar 1.1360 1.1368 0.9093 0.9091 Euro 1.7293 1.7303 1.3839 1.3841 NZ dollar 1.0782 1.0790 0.8628 0.8631 Sterling pound 2.1035 2.1047 1.6833 1.6836
      155 words
    • Article
      Lock icon CHICAGO BOT
      105 30 Apr 16 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 14 1508.75 1487.50 1510.00 1486.00 Aug 14 1424.00 1409.50 1427.75 1409.50 Sep 14 1299.75 1290.50 1304.00 1290.50 Nov 14 1237.25 1229.00 1238.75 1227.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 14 43.93 43.05 43.95
      105 words
    • Article
      Lock icon OIL
      68 30 Apr 16 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 109.91 0.69 WTI (Near Mth) 103.73 0.20 Dubai (1-Mth F) 106.29 1.03 Tapis blend 113.19 0.57 Minas 111.39 1.47 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.31 -0.08 Jet Kerosene 122.37 0.91 US$/barrel OpecOil Basket Price 106.06
      68 words
    • Article
      Lock icon LONDON METALS
      72 30 Apr 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1839.00 1813.50 3 months 1875.00 1852.00 Copper, Grade A (US$/tonne) Cash 6627.00 6545.00 3 months 6619.00 6541.00 Lead (US$/tonne) Cash 2120.50 2085.50 3 months 2142.00 2109.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      72 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Apr 16 Index Change Change Change Change Change Change World Preliminary 1178.8 0.9 -0.5 0.6 -1.0 0.8 -0.1 EAFE Preliminary 938.3 1.3 -1.9 1.0 -1.5 1.2 -0.6 Europe Preliminary 1359.5 1.1 0.3
      373 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Lock icon Page 31 Advertisements Column 1
      355 31 STPROPERTY FORUM REAL ESTATE OPPORTUNITIES RISE UP TO THE CHALLENGES IN THE SINGAPORE PROPERTY MARKET S* a -i r Real Estate Professionals, earn 2 Non-Core CPD Credit Hours* when you attend this forum An Insight For Real Estate Professionals and Investors With the implementation of seven rounds of cooling measures
      355 words
Page thumbnail Page 32
  • BT Executive Lifestyle
    • WINE
      • Article, Illustration
        Lock icon Why I like the wines I like
        1171 32  -  When a wine imparts a certain freshness to the senses from start to finish you’re hooked, says NK Yong I READ an article with this title sometime ago and the title caught my attention. A simple statement, intriguing, challenging. Makes you pause. And
        PHOTO: AFP  -  1,171 words
    • PURSUITS
      • Article, Illustration
        Lock icon Fermented chocolate heaven
        489 33  -  By Chew Hui-Yan hychew@sph.com.sg A NEW generation of chocolate has made its debut. Premium chocolate producer Cacao Barry has released a new line of chocolates called Purity from Nature, consisting of two dark chocolates and a milk chocolate variety named Inaya, Ocoa and Alunga respectively. And these
        PHOTO: : CACAO BARRY  -  489 words
      • AROUND TOWN
        • Article
          Lock icon Outings
          351 33  -  Compiled by Georgina Ting Verano, Chew Hui-Yan gverano@sph.com.sg hychew@sph.com.sg Happy Ever Laughter: Prepare for a side-splitting night of stand-up comedy with household names Mark Lee, Selena Tan, Kumar and more. Presented by Dream Academy, Happy Ever Laughter brings 13 of Singapore’s best comedians to the Esplanade stage to joke
          351 words
        • Article, Illustration
          Lock icon Pick of the Week
          97 33 Auspicious Designs: See 36 altar cloths and 34 other objects on display at the Peranakan Museum. Batik altar cloths hold significant importance in the Chinese Peranakan community in Java. The exhibition is divided into five sections, tracing the evolution of practices and culture over time. Auspicious
          97 words
    • ARTS
      • Article, Illustration
        Lock icon Mercantile relevance
        743 34 / 35  -  SRT’s Shakespeare in the Park presents The Merchant of Venice for a full month, writes Cheah Ui-Hoon writes Cheah Ui-Hoon SINGAPORE might be halfway across the world from London, but it’s throwing a big birthday bash for the 450th birthday of Shakespeare soon in the form of The
        PHOTOS: SINGAPORE REPERTORY THEATRE  -  743 words
      • Article, Illustration
        Lock icon Championing the ‘rights of things’
        740 34 / 35  -  By Cheah Ui-Hoon uihoon@sph.com.sg IN 1917, a 20th-century artist, Marcel Duchamp, laid a standard urinal flat on its back and called it “Fountain”. His provocative move is said to be the invention of conceptual art, and one of its readings was that art was something
        PHOTOS: STPI  -  740 words
      • Article, Illustration
        Lock icon Wealth of art not to be sniffed at
        956 34 / 35  -  By Cheah Ui-Hoon ONCE only used by emperors and nobles of the Chinese Imperial court, snuff bottles didn’t really get due recognition in the Asian art market until the 1980s. They have finally been prized higher, by the Chinese themselves, as collectibles
        956 words
    • ARTS/MUSIC
      • Article, Illustration
        Lock icon Signature Leibovitz
        562 36  -  Pop photographer Annie Leibovitz’s body of work is a dazzling oeuvre By Rachel Loi rachloi@sph.com.sg YOU have probably seen her photographic work grace the covers of top fashion magazines. But to renowned portrait photographer Annie Leibovitz, these pictures of world-fa-mous celebrities just make up one side of her
        PHOTO: ANNIE LEIBOVITZ  -  562 words
      • Article, Illustration
        Lock icon Elder statesmen of entertainment
        618 36  -  By Dylan Tan dylantan@sph.com.sg AFTER an exhausting month of gigs in March, you can’t blame concertgoers for giving themselves a bit of a break recently. Which is a pity because when two big acts performed at the Singapore Indoor Stadium earlier this week, attendance looked weaker
        PHOTOS: UNUSUAL PRODUCTIONS, UNIVERSAL MUSIC  -  618 words
    • CINEMA
      • Article, Illustration
        Lock icon Highfaluting stuff
        586 37  -  Transcendence rushes in where no talented science fiction writer dare tread, writes Geoffrey Eu writes Geoffrey Eu MOVIES that purport to take a serious peek into the future are unburdened by real-world constraints like having to make sense but even when logic is suspended there is a responsibility
        586 words
      • Article, Illustration
        Lock icon Stooping to new comedic lows to get a laugh
        503 37  -  By Geoffrey Eu IT’S only natural for a woman to make friends with two others who have something in common with her but it’s a different matter when that “something” happens to be her scumbag husband who is two-timing her with
        503 words
    • COVER STORY
      • Article, Illustration
        Lock icon RECORD-BREAKER
        1667 38 / 39  -  Record Store Day returns this year bigger than ever as Singaporeans are set to be one of the first in the world to lay their hands on a record-breaking number of collectible limited-edition vinyls, reports Dylan Tan reports Dylan Tan dylantan@sph.com.sg I T pays to be early if you
        PHOTOS: EDDY SUNG, VINYLICIOUS, RETROPHONIC, THE OBSERVATORY  -  1,667 words
Page thumbnail Page 33
  • Page 33 Miscellaneous
    • Miscellaneous
      Lock icon Page 33 Miscellaneous Column 1
      354 33 Across 1 Journalists urge policemen to admit error finally (5,5) 6 Tot crosses line in poor area (4) 9 Animal trapped by gamekeeper at eleven (5) 10 No longer badly off, having accepted position, one explains (9) 12 A potholer cub’s in trouble could be he’s this? (13) 14 Dad
      354 words
Page thumbnail Page 34 / 35
Page thumbnail Page 36
Page thumbnail Page 37
Page thumbnail Page 38 / 39
Page thumbnail Page 39
  • Page 39 Advertisements
    • Advertisement
      Lock icon Page 39 Advertisements Column 1
      68 39 Executive LifestyleBTTHE BUSINESS TIMES APRIL 18, 2014 CINEMA Comic capers in The Other Woman 37 RECORD-BREAKING DAY Record Store Day today promises big hits for vinyl lovers 38-39 ARTS Artists on the edge at STPI 35 PHOTO: THE OBSERVATORY’S LATEST RELEASE ARTS/MUSIC From Annie Liebowitz to Lionel Ritchie 36 PURSUITS
      68 words