The Business Times, 26 April 2014

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Microfilm: NL33110
Total Pages: 41
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg APRIL 26-27, 2014 S$1.00 S$1.00 MCI (P) 086/08/2013 spi A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • Article
    Lock icon ‘No’ to gender diversity quota
    33 1 WOMEN ON BOARD SINGAPORE will use a softer approach and work with stakeholders in a variety of ways to increase the participation of women on corporate boards. 2
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  • Article
    Lock icon Private residential rents slip
    38 1 HOUSING MARKET THE private rental housing market is set to come under pressure on the back of record private home completions, a tighter inflow of expat tenants and a stricter property tax regime.| 4
    38 words
  • Article
    Lock icon CapitaLand Q1 profit down 1.7%
    39 1 EARNINGS SEASON CAPITALAND yesterday reported a 1.7 per cent drop in net profit to $182.8 million for its first quarter ended March 31, 2014. Revenue, too, dipped 3.4 per cent to $612.6 million.| 10
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  • Article
    Lock icon Eurozone gets ratings pat
    29 1 RECOVERY STORY RATINGS agencies yesterday gave a broadly upbeat assessment of the eurozone’s creditworthiness, reflecting growing confidence in the region’s fiscal and economic recovery. 20
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  • Article, Illustration
    Lock icon Manufacturing surprise boosts Q1 GDP estimates
    786 1  -  Sector up a stronger-than-expected 12.1% in March; economists now see expansion of 5.5-6. 1% By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore INGAPORE’s Q1 GDP estimates look set to be upgraded, after the manufacturing sector grew by a surprising 12.1 per cent in March from a
    Source: Economic Development Board  -  786 words
  • Article
    Lock icon Did retail rents really dip in Q1?
    864 1  -  Official rental index shows dip, but retailers disagree By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE Urban Redevelopment Authority (URA) has released, for the first time, what is said to be a more comprehensive set of data on retail space. But its rental index,
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  • TOP STORIES
    • Article, Illustration
      Lock icon ‘No’ to quotas for gender diversity: S’pore
      749 2  -  Task force advocates making it a corporate governance best practice developing board-ready women By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore SINGAPORE has decided against instituting quotas, enacting laws or offering incentives to get companies to appoint more women to their boards of directors. To
      PHOTO: AZIZ HUSSIN/THE STRAITS TIMES  -  749 words
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 HSTI 3,267.57 (-16.36) HSTI FUTURES 3,242.00 (-16.00) HSIMSCI 370.07 (-2.16) HSIMSCI FUTURES 367.40 (-2.30) Friday Change KL COMP 1,860.98 -4.30 NIKKEI 225 14,429.26 +24.27 HANG SENG 22,223.53 -339.27 SET 1,408.16 -14.51 JAKARTA 4,897.64 +6.56 MANILA 6,685.10 -46.23 KOSPI 1,971.66 -26.68 SHENZHEN B 827.39 -11.23 MUMBAI IND 22,688.07 -188.47 12
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.034 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.257 (US$/S$ per 1.680 2.113 EURO (US$/S$/€ 1.384 1.740 Foreign currency per US$ S$ YEN 102.30 81.30 RM 3.271 2.601 HK$ 7.754 6.166 BAHT 32.31 25.69 RUPIAH 11,572 9,203 RENMINBI 6.254 4.973 INDIAN RUPEE 60.84 48.39 A$ 1.079 0.858 NZ$ 1.166 0.927
        49 words
    • Article
      Lock icon Private housing rental market seen being squeezed by 3 factors
      955 4  -  They are rccord home completions, tighter inflow of expats, stricter property tax regime By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE private rental housing market is set to come under pressure on the back of record private home completions, a tighter
      955 words
    • Article
      Lock icon HDB resale prices continue slide, down 1.6% in Q1
      570 4  -  Downtrend expected to stretch further; but subletting deals hit record for a quarter By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore RESALE prices of public flats slipped for the third consecutive quarter, and analysts expect this downtrend to continue amid market caution and
      570 words
    • Article, Illustration
      Lock icon Encounter of the celestial ‘bling’
      81 5 Famous car maker Rolls-Royce reaches out to the heavens for inspiration when creating its Celestial Phantom model. Its recent 2-day (April 22 23 ICON Tour at Flower Dome, Gardens by the Bay, in Singapore is a testament to the words of Sir Henry Royce, the
      BT INFOGRAPHICS: SIMON ANG; Sources and pictures: Rolls-Royce Motor Cars Limited, TV documentaries of Mega-factories; Rolls-Royce, Inside Rolls-Royce  -  81 words
    • Article
      Lock icon Lian Beng buys $46.2m Leng Kee plot
      476 5  -  Listed construction firm to enter car business via JV with parallel importer VinCar By Samuel Ee samuelee@sph.com.sg Singapore LISTED construction company Lian Beng Group has successfully bid $46.2 million for a property in the prime Leng Kee Road motor belt and is going
      476 words
    • Article, Illustration
      Lock icon Malaysia’s 1MDB should change communications tack
      570 6  -  SATURDAY SOAPBOX Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent OPAQUE or non-transparent state-owned funds in Malaysia are so 1990s. Then, many of Malaysia’s deep-pocketed state-linked funds were shrouded in relative secrecy and slammed for their lack of transparency. Post Asian financial crisis and a sweeping
      570 words
    • Article, Illustration
      Lock icon Investors’ search for yield lifts Asian bond market again
      742 7  -  Asia ex-Japan US$ debt hits US$26.8b in April, up 7.5% from January’s recordbreaking US$25b By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore ASIAN bonds are in vogue again as US funds make a beeline for them, brushing aside worries over emerging markets
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    • Article
      Lock icon Consumption tax hike lifts Tokyo consumer prices 2.7%
      536 7  -  Underlying inflation stays at 1% in April, same as in March By Anthony Rowley btworld@sph.com.sg Tokyo CORE consumer prices in Tokyo have jumped by 2.7 per cent this month compared with their level a year ago, marking their biggest increase in 22
      536 words
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      Lock icon Page 2 Advertisements Column 1
      46 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 Singapore 14-15 World 17-20 Stocks Stats 21-24 Markets 25 Perspective 26-27 Crosswords 27 LIVING Design L2-4 Dining L5-7 Destination Dining L8-11 Style L12 Health L13 Motoring L14-15 Sports L16 Wealth 28-31 Househunt 30 Real Estate 31
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      Lock icon Page 3 Advertisements Column 1
      45 3 DISCOVER MORE AT THE SHOPPES Winner of Best Shopping Centre, 2015 2014 SINGAPORE TATEER -^V> BEST OF SINGAPORE nrnn mnurm e m LI -2. I* ,.A N\ R it* 3 V CT’ k- •j FASHION DINING ENTERTAINMENT THE SHOPPES at W MARINA BAY Sands® SINGAPORE
      45 words
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      28 5 3* Rent from illkt IK ’2.80 iic sE5e3BS®ES5 psf m JERRY LUM Snr Marketing Director MBA, CES cea licence No.: r *****6 d HP: 8288 0098 View: jerrylum.myweb.sg
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      106 7 NOTICES IN THE MATTER OF COMPANIES ACT, CAP 50 HIGH POINT DEVELOPMENT PTE LTD (REG. No. *****6279M) (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50 the Final Meeting of the Company will be held at 101 Cecil Street #16-05 Tong
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The wild wild life or a naturalist
      2526 8 / 9  -  Marco Lambertini, head of WWF International and passionate eco-warrior, brings the world together to help save Mother N ture. By Anita Gabriel By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT MARCO Lambertini’s store of learning as a diehard conservationist began as a curious six-year-old, who had
      PHOTO: YEN MENG JIIN  -  2,526 words
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  • COMPANIES
    • Article, Illustration
      Lock icon CapitaLand’s Q1 profit down 1.7% at $182.8m
      431 10  -  Singapore unit the only one that failed to record higher revenue By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CAPITALAND yesterday reported a 1.7-per cent drop in first quarter net profit to $182.8 million. Revenue, too, dipped 3.4 per cent to $612.6 million, for the
      431 words
    • Article
      Lock icon SingLand turns around as it heads for the exit
      403 10  -  By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore SOON-to-be-delisted Singapore Land is heading for the exit with a glimmer of hope, finally getting back on the growth path in the first quarter after six months of decline. And hoping to keep all of
      403 words
    • Article
      Lock icon CDL Hospitality Trusts DPS for Q1 up 2.2% at 2.75 cents
      473 10  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CDL Hospitality Trusts’s (CDLHT’s) income available for distribution per stapled security climbed 2.2 per cent to 2.75 cents in its first quarter ended March 31, 2014. Correspondingly, distribution per share for Q1 increased
      473 words
    • Article
      Lock icon Slow debut for POSH shares on SGX
      527 11  -  They close 1 higher than IPO price of $1 .1 5; total offering of 252.02 million shares about three times subscribed Reports by Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore SINGAPORE’S largest stock offering of the year, PACC Offshore Services Holdings (POSH), got off to
      527 words
    • Article, Illustration
      Lock icon S’pore eyes more listings by shipping, offshore companies: SGX chief
      574 11 SINGAPORE is keen on getting more shipping and offshore companies to list here, said Singapore Exchange (SGX) chief executive Magnus Bocker yesterday. Noting that shipping was a strong sector and that the SGX offered it a strong market, he added:
      PHOTO: BLOOMBERG  -  574 words
    • Article
      Lock icon US collateralised loan obligations’ 16% returns exceed junk bonds’
      449 11 Bloomberg New York THE riskiest portions of specialised loan funds that have helped finance the biggest buyouts in history are luring investors with returns that exceed even junk bonds. The equity slices of US collateralised loan obligations (CLOs), which get whatever
      Bloomberg  -  449 words
    • Article
      Lock icon Olam sells Uruguay farmland for US$53.7m
      485 12  -  It will book one-time, pre-tax gain of about US$1 8m when the sale and leaseback deals are completed in Q4 By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore OLAM International has sold another asset in a sale and leaseback transaction, this time its dairy farmland in
      485 words
    • Article, Illustration
      Lock icon Stamford Tyres opens $25m tyre centre
      364 12  -  By Samuel Ee samuelee@sph.com.sg Singapore STAMFORD Tyres yesterday opened its $25 million warehouse and truck tyre centre in Jurong. The 22,591 sq m facility, which can store up to 600,000 tyres, is the largest tyre warehouse in Singapore. Called the Stamford Tyres Commercial Centre,
      364 words
    • Article, Illustration
      Lock icon SMRT provides main talking point in ho-hum week
      658 13  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent IT WAS a largely featureless week, spiced up by SMRT’s huge leaps that led to the Singapore Exchange (SGX) issuing a “Trade With Caution” (TWC) notice. Support for a handful of blue chips, mainly Jardine
      658 words
    • Business briefing
      • Article
        Lock icon King Wan allotted 3% of KTIS shares in its IPO
        91 13 KING WAN Corporation has been allotted 1.16 billion baht (S$45 million) worth of shares in the initial public offer (IPO) of Kaset Thai International Sugar Corporation Public Company, based on an earlier agreement signed in April 2012. At 10 baht
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      • Article
        Lock icon Frasers Centrepoint unit acquires Spain’s Teycotel BCN
        112 13 FRASERS Centrepoint subsidiary FCL Ltd has fully acquired Spanish company Teycotel BCN for 948,000 euros (S$1.642 million). Teycotel BCN is the owner of Hotel Porta Marina in Barcelona, Spain. Teycotel BCN also holds all the shares in Teycotel Gestio Hotels, the hotel’s operator.
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      • Article
        Lock icon GuocoLand back in black for Q3 with net profit of $21.5m
        94 13 GUOCOLAND returned to the black for its fiscal third quarter, posting a net profit of $21.5 million, or 1.72 cents per share, for the three months to March. The property developer recovered from a year-ago loss of $13.3 million
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      • Article
        Lock icon GMG Global Q1 net profit falls 79.9% on rubber prices
        55 13 RUBBER producer GMG Global posted a 79.9 per cent decline in first-quarter net profit to $2.6 million, or 0.03 cent per share, as rubber prices fell from January to March. The company expects rubber prices to remain range-bound at current
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    • Article
      Lock icon TOP 20 ACTIVES
      182 13 VOL CLOSE Top G l obal 323,878 0.9 0.1 1 2 5 Memstar Tech 1 50,154 1.8 0.1 5 3 HanKore Env 1 25,332 1 2 0.3 2 4 Cap i taMalls As i a 1 13,995 222 1 .0 0 5 TopG l oba l W*****9
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    • Article
      Lock icon STI STOCKS
      126 13 StocJc name Close Omprc CapiRLand 3.240 -0.030 Caplta/ytaM Trust •pots CaptcaMalls Asia 2230 40,010 GtyOew 11.00 •a ion Comfu/tDelGro 2,100 +0.010 DBS Grp 16.800 -aiQU Genfin* Sing 1.335 -0.020 Global Logistic 2 780 -0.0 TO Golden Agri-Res 0.505 -U010 HPM Trust USD 0*80 -0005 HongkongLamJ L‘SC» (5.SS0 0030
      126 words
    • Article
      Lock icon Inflow of new money to EM funds slowing: banks
      147 13 Reuters London EMERGING-market funds took in new money for the fourth straight week, but the pace of the inflow appears to be flagging, banks said yesterday, citing data from EPFR Global. The Boston-based fund tracker, which releases data to clients late
      Reuters  -  147 words
    • Article
      Lock icon TOP GAINERS
      66 13 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ ***** 125.7 0.4 GLD 10US$ ***** 118.2 0.8 Lyxor Indonesia10US$ 8890 76.7 0.7 DBXT FTVietnam 10US$ 2771 51.6 1.5 DBXT iBoxxUSTr 5US$ ***** 45.3 0.2 DBXT iBoxxSvEu 5US$ ***** 41.5 0.1 DBXT S&P Short 10US$ 2527 17.6 0.6 DBXT iBoxxSing 5SG$
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    • Article
      Lock icon TOP LOSERS
      66 13 BY CENTS CLOSEDOWN DBXT MSKorea 10US$ 6271 -139.6 -1.7 Lyxor ThaiSET 10US$ ***** -133.3 -0.8 SPDR DJIA 10US$ ***** -113.2 -0.5 SPDRS S&P 500 10US$ ***** -113.2 -0.5 Lyxor AsiaCS 10US$ 5884 -75.4 -1.0 DBXT Nifty 10US$ ***** -55.3 -0.4 Lyxor AsiaIT 10US$ 3594 -54.1 -1.2 DBXT MSAsExJp
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  • SINGAPORE
    • Article
      Lock icon Only 70 cleaning firms have applied for licence
      415 14  -  There are over 900 cleaning firms here; the first lot are due to get licences as soon as next month: NEA By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT JUST 70 out of the more than 900 cleaning companies here have applied for a licence
      415 words
    • Article, Illustration
      Lock icon A fine pairing with the beautiful game
      441 14  -  By Raphael Lim raphlim@sph.com.sg THE World Cup in Brazil may still be over a month away, but that did not stop some 100 business leaders from getting a foretaste of the action at The Business Times Luxe Night, presented by Samsung in partnership
      PHOTO: YEN MENG JIIN  -  441 words
    • Article
      Lock icon Maldives: Beyond sun, sand and sea
      353 15  -  Archipelago holds first overseas investment forum in Singapore, shows intention to grow in areas other than tourism By Lisabelle Tan lisatan@sph.com.sg THE Maldives are famed for their blue waters and sandy beaches, but its government has signalled its intention to take the economy of
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    • Article
      Lock icon Triple honour for PUB for R&D breakthroughs in water projects
      381 15  -  By Kara Quek karaquek@sph.com.sg SINGAPORE’S national water agency has received three awards for breakthroughs in research and development (R&D) in water supply and used-water networks, as well as its efforts to promote water conservation. The Public Utilities Board (PUB) received
      381 words
    • Briefing
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      Lock icon Page 15 Advertisements Column 1
      164 15 Enjoy a $150 discount on all products at KLARETI! Venue: KLARETI, 8A Marina Boulevard #B2-31 Marina Bay Link Mall, Singapore *****4 Tel: (65) 6636 5848 Website: www.klareti.com Terms Conditions Promotion valid from 26 April 21 May 2014. Promotion valid at KLARETI at Marina Bay Link Mall only. Management reserves the
      164 words
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      Lock icon Page 16 Advertisements Column 1
      279 16 SAMSUNG NEW 12:45, v J Available in Black and White Subscribe* now to The Straits Times All-in-One PLUS package for 36 months and receive the new Samsung GALAXY Tab PRO (8.4" Display) LTE only $47.49 /month Available only to DBS and POSB Credit Card holders Samsung GALAXY PRO" Biff**' FREE
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  • WORLD
    • Article
      Lock icon Major plans afoot at Eco World Dev
      570 17  -  Builder adding 3,107 acres to its landbank and projects property sales of RM2b in FY14 and RM3b in FY15 By Pauline Ng in Kuala Lumpur LITTLE known builder Eco World Development Bhd (Eco World) yesterday sounded its intention to leapfrog into the big
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    • Article, Illustration
      Lock icon Key Barclays investors say ‘no’ to bank’s pay policy
      523 17 Reuters London MORE than a third of Barclays’ investors declined to back its pay policy on Thursday, tipping the British bank into an open row with one of its biggest shareholders. In a rare gesture of public opposition, Standard Life said
      Reuters; PHOTO: AFP  -  523 words
    • Article
      Lock icon Indonesia speeds up power projects
      427 17 Reuters Jakarta INDONESIA is racing to speed up construction of gas-fired power projects in Java to prevent a supply crisis if delays continue at the Batang and Cirebon coal-fired power projects, government officials said. Power demand is growing at more than 7 per cent a
      Reuters  -  427 words
    • Article
      Lock icon Sina sinks to year-low amid porn crackdown
      499 18 Firm sorry about porn content, accepts ‘strict’ punishment 2 of its licences will be revoked Bloomberg Beijing SINA Corp, owner of China’s biggest Twitter-like service, sank to a one-year low in New York on Thursday after the state-run news agency said two of
      Bloomberg  -  499 words
    • Article
      Lock icon Upgrade of US stock, option trading systems on the way: sources
      292 18 3 firms shortlisted to make price feed Opra faster, more reliable Bloomberg Chicago FOLLOWING malfunctions that froze US stock and options markets in the last year, the systems that serve as the backbone for trading are getting closer to
      Bloomberg  -  292 words
    • Article, Illustration
      Lock icon Microsoft’s push into cloud computing paying off
      525 18 Bloomberg Seattle MICROSOFT Corp’s push into cloud computing, which is accelerating under new chief executive officer Satya Nadella, is paying off. Net income in the fiscal third quarter was US$5.66 billion, or 68 US cents a share, Redmond, Washington-based Microsoft said on Thursday
      Bloomberg; PHOTO: BLOOMBERG  -  525 words
    • Article
      Lock icon US brokerage firms need to conduct own background checks
      417 19 Industry watchdog Finra mandates checks on recruits’ employment histories, financial issues Reuters New York WALL Street’s self-funded regulator said that brokerage firms would have to conduct their own background checks on new recruits after critics pointed to gaps in disclosures by
      Reuters  -  417 words
    • Article, Illustration
      Lock icon London’s Gherkin put into receivership
      453 19 Holders of debt act to take control of the landmark building to end years of defaults Bloomberg London LENDERS to the Gherkin, the conical skyscraper that’s one of London’s best-known landmarks, have appointed a receiver to take control of the building to end years of
      Bloomberg; PHOTO: BLOOMBERG  -  453 words
    • Article
      Lock icon New rule on reserves freezes India’s bond market
      344 19 IFR Singapore PROVISIONS in India’s new Companies Act requiring corporate borrowers to set aside half of bond proceeds have made the sale of such securities costlier and have brought the local market to a halt. Under Section 71 of the legislation, which
      IFR  -  344 words
    • Article, Illustration
      Lock icon Ratings agencies more upbeat on eurozone
      607 20 Fitch raises outlook on Italy, expected to enhance view of Spain; S&P affirms rating on France, upgrades Cyprus Reuters Paris RATINGS agencies gave a broadly upbeat assessment of the eurozone’s creditworthiness yesterday, contrasting sharply with reviews of recent years and reflecting growing confidence in
      Reuters; PHOTO: BLOOMBERG  -  607 words
    • Briefing
      • Article
        Lock icon US April consumer sentiment at 9-month high
        82 20 Reuters New York Consumer sentiment in the US rose in April to a nine-month high as views on current and near-term conditions surged, a survey released yesterday showed. The Thomson Reuters/ University of Michigan’s final April reading on the overall index of consumer
        Reuters  -  82 words
      • Article
        Lock icon Apple, Google, Intel and Adobe settle employee lawsuit
        56 20 Bloomberg San Francisco Apple Inc, Google Inc, Intel Corp, and Adobe Systems Inc agreed to pay US$324 million to settle an employee lawsuit over claims that they conspired to suppress salaries by not recruiting one another’s workers, a source said. The settlement,
        Bloomberg  -  56 words
      • Article
        Lock icon Largest blue diamond may fetch up to US$25m in auction
        70 20 AFP Geneva The world’s largest blue diamond will go under the hammer in Geneva next month, with the rare gem expected to fetch up to US$25 million, auctioneers said on Friday. “The Blue”, a shimmering pearshaped rock the colour of
        AFP  -  70 words
      • Article
        Lock icon Ford’s Q1 net income drops 39% from a year ago
        66 20 Bloomberg Dearborn, Michigan Ford Motor Co, beset by higher warranty and recall costs and bad weather, earned first-quarter net income of US$989 million, down 39 per cent from a year ago and less than analysts’ estimates. Ford earned 25 cents
        Bloomberg  -  66 words
      • Article
        Lock icon Facebook starts FB Newswire offering real-time info
        110 20 AFP San Francisco Facebook has launched FB Newswire, billed as an online trove of real-time information for journalists and newsrooms to mine while reporting on events or crafting stories. In partnership with News Corp-owned Storyful, FB Newswire aggregates newsworthy content shared publicly at
        AFP  -  110 words
      • Article
        Lock icon North Korea a threat not just to Asia but also the US: Obama
        108 20 Reuters SeoulNorth Korea represents a threat not just to Asia but to the United States, US President Barack Obama said yesterday, as he and South Korean President Park Ge-un-hye warned they would respond firmly to any “provocations”.
        Reuters  -  108 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8299 21 Transaction date: Apr 25 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 12.4cd 11.3 12.4 6.3 1 16.1 59.4 20 3.3 A-Sonic Aero 10.3 -0.3 8188 10.8 10.3 10.3 10.5
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    • Article
      Lock icon SGX CATALIST
      1983 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 35 22 t 3Cnergy 500 30 30 35 29.5 28.5 19 t 800 Super 27 25 26.5 3.2 3.7 8.4 48.3 4.5 2.8 t AA
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 10 3 0 0 0 2 10 3 Manufacturing 38 49 50 12 6 5 50 55 55 Commerce 15 19 24 3 5 2 18 24 26 Tpt/Stor/Comms 12 21 11
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      796 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Apr 21 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Asiamedic 23-Apr-14 Wong Weng Hong Buy 20 0.10 2184 0.64 2204 0.65 Keppel Corp 23-Apr-14 Aberdeen Asset
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,875 25,875 78,460 78,460 Manufacturing 401,863 117,686 519,549 92,568 4,567 97,134 Commerce 65,514 79,338 144,852 69,687 3,892 73,580 Tpt/Stor/Comms 96,582 4,512 101,094 151,207 531 151,738 Finance 19,583 102 19,685 128,910 34 128,945 Construction 356,099 45,118
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  • MARKETS
    • Article
      Lock icon LIFFE
      93 25 Apr 24 COCOA (£/tonne) Close Prev High Low May 14 1849 1868 1869 1847 Jul 14 1863 1882 1883 1858 Sep 14 1864 1882 1883 1861 Dec 14 1858 1875 1876 1855 COFFEE(US$/tonne) Close Prev High Low May 14 2152 2152 2154 2122 Jul14 2166 2170 2168 2137 Sep
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    • Article
      Lock icon METALS
      68 25 Apr 25 GOLD hjSS/cizi Apr Apr y Hong Kon^ 1299.0012*50,00 Apr 2 A Apr 2o London 1298,*****3.81 1289.35 12S4.58 Source: Thomson Reuters SILVER Siil/mg 0U/ir\g l J *s»btt3k l or 25 04 24.2? Source: UOB PLATINUM *.or •tor 2+ Close fr-fvioub WM >-ix. 1394 00 T 400-00 AM Fot
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Apr 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.190 1.134 Can dollar 1.161 1.117 Euro 1.779 1.695 Sterling pound 2.152 2.070 NZ dollar 1.101 1.059 US dollar 1.283 1.222 Local dollars to 100 units of foreign currency: Currencies Sell
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        19 25 YTD change:+3.16% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 25 YTD change: -4.65% 52-week high: 24,111.55 on Dec 2,2013 52-week low: 19,426.36 on June 25,2013 Source: Bloomberg
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        27 25 YTD change: -0.45% 52-week high: 16,631.63 on April 4, 2014 52-week low: 14,551.27 on June 24,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
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        21 25 YTD change: -3.76% 52-week high: 2,334.33 on May 29,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
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        18 25 YTD change:-11.43% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 12,415.85 on June 13,2013 Source: Bloomberg
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      Lock icon PALM OIL
      60 25 Apr 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 14 2702.0 2701.0 2717.0 2702.0 227 3513 Jun 14 2682.0 2668.0 2695.0 2675.0 3662 ***** Jul 14 2666.0 2651.0 2680.0 2657.0 ***** ***** Aug 14 2655.0 2642.0
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      Lock icon GOVERNMENT SECURITIES
      82 25 Apr 25 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-16 101.3 5-Year NX*****W 2.5 01-Jun-19 105.04 105.12 105.12 10-Year NX*****H 2.750 01-Jul-23 102.71 103.10
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      Lock icon INTERBANK CURRENCY RATES
      155 25 Apr 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1654 1.1660 0.9269 0.9272 Canadian dollar 1.1395 1.1403 0.9068 0.9063 Euro 1.7395 1.7400 1.3835 1.3837 NZ dollar 1.0778 1.0787 0.8572 0.8578 Sterling pound 2.1124 2.1132 1.6801 1.6805
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      104 25 Apr 24 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 14 1472.00 1468.50 1474.00 1464.00 Jul 14 1470.00 1464.75 1472.00 1460.50 Aug 14 1409.50 1400.50 1411.00 1397.00 Sep 14 1290.25 1285.50 1291.50 1279.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low May 14 42.59 42.50 42.63 42.18
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      68 25 Apr 24 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 110.10 1.18 WTI (Near Mth) 102.21 0.44 Dubai (1-Mth F) 105.69 -0.16 Tapis blend 112.14 -0.21 Minas 110.84 -0.21 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.78 unch Jet Kerosene 121.57 -0.66 US$/barrel OpecOil Basket Price 105.20
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      72 25 Apr 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1839.50 1837.25 3 months 1876.00 1874.50 Copper, Grade A (US$/tonne) Cash 6772.25 6685.50 3 months 6753.00 6670.00 Lead (US$/tonne) Cash 2145.25 2136.25 3 months 2168.00 2159.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Apr 24 Index Change Change Change Change Change Change World Preliminary 1195.5 0.2 0.9 0.3 1.0 0.2 1.3 EAFE Preliminary 949.8 0.1 -0.7 0.1 0.3 0.1 0.6 Europe Preliminary 1381.6 0.3 2.0
      373 words
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  • PERSPECTIVE
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      Lock icon Laws apply in cyberworld too
      917 26 / 27  -  Online businesses should obey consumer protection rules and work with govt agencies to protect reputation for reliability. By Eric T Schneiderman By Eric T Schneiderman ~The writer is the Attorney General of New York NYT THE Internet has grown up. It is no longer just
      NYT; PHOTO: AFP  -  917 words
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      Lock icon There’s more to engineers than the job suggests
      728 26 / 27  -  By Ron Rich ~The writer is director, auxiliary power systems (APU) at Honeywell Aerospace WHAT comes to your mind when you think of engineers? In my father’s days, there was a generalisation that all engineers carried a slide rule. Early on in
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  • Page 26 / 27 Miscellaneous
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      344 26 / 27 SATURDAY with Ludwig Madame X CLAIRVOYANT ‘Who can better manage your portfolio?’ CRYPTIC CROSSWORD Across 1 He enters garrison with meat likely to be cut (3,3,4) 6 What teachers do for money no longer (4) 8 Lords perhaps being led by mild boozer (8) 9 Take stock of a new
      344 words
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  • Wealth
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        Lock icon Emerging markets, S&P 500 losing link
        1060 28 / 29  -  Correlation between Bloomberg gauge and the index plunges to 0.01 from as high as 0.72 in March. By Ye Xie and Julia Leite By Ye Xie and Julia Leite Bloomberg FRESH signs of faltering growth across the developing world are preventing currencies from South
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        789 28 / 29  -  Compiled by Joyce Hooi Sheng Siong Group Buy OCBC Investment Research I April 25 I Close: $0.62 SHENG Siong Group’s Q1 2014 revenue increased by 5.7 per cent year on year (y-o-y) to $190 million, forming 26.3 per cent of our FY 2014 forecast. This is within expectations
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    • WEALTH REAL ESTATE
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        Lock icon Househunt
        1269 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MARCH 12 AND MARCH 18, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Emerald Gdn Apt 13/03/2014 999 926 1750 1890 Riverwalk Apt Apt 17/03/2014 99 1259
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        Lock icon Housing market in America back on the slide
        1490 31 March resales down 7.5% at 20-month low, February new home sales slump 14.5% Bloomberg Los Angeles AFTER a roller-coaster decade of boom-bust-boom, the US housing market is going downhill just when many economists thought that annual sales would be heading up. Sales
        Bloomberg; PHOTO: REUTERS  -  1,490 words
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      187 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENIA, A PLACE OF RAW NATURE AND UNFORGIVING CLIMATE. FIRST SETTLED IN THE SIXTH CENTURY BY MONKS WHO SAW IN THIS AUSTERE ENVI RONMENT A RARE SERENITY AND SPIRITUALITY; MORE RECENTLY, SINCE 1875, THE HOME OF
      187 words
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      64 1 THE BUSINESS TIMES WEEKEND APRIL 26 27 2014 BT Living YOUNG DESIGN-CENTRIC Singapore designers make their mark with edgy new works L2-4 PHOTO: YEN MENG JIIN DESTINATION DINING Barcelona’s epicurean delights L8-9 STYLE Haute venue Old Kallang Airport L12 DINING Spotlight on Lorenzo Cogo L5 MOTORING Marquee driving forces L14-15
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  • BT Living
    • DESIGN
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        Lock icon YOUNG &DESIGN-CENTRIC
        2858 2 / 3  -  A new generation of Singapore designers dares to go beyond aesthetics to leave an indelible imprint. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg TaySuanChiangBT Spartan use of space Auradee Sae-Lin TAIWANESE-THAI student Auradee Sae-Lin, 19, knows a thing or two about designing furniture for small homes.
        PHOTOS: FLIQ, YEN MENG JIIN; PHOTOS: YEN MENG JIIN; PHOTO: AURADEE SAE-LIN  -  2,858 words
    • DINING
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        Lock icon Affection for imperfection
        1310 5  -  Italy’s youngest Michelin-starred chef Lorenzo Cogo tells Debbie Yong about getting a head start in life and his own brand of personality and imperfection-driven cooking guest chef By Debbie Yong debyong@sph.com.sg @DebbieYongBT WHEN John Legend croons about perfect imperfections in his latest radio hit, he may well
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        Lock icon POP-UPS THAT SPIN A YARN
        1537 6 / 7  -  Three new pop-up dinner series events in town aim to pair vivid story-telling with dishes specially crafted to fit the theme. Debbie Yongand Georgine Veranoget behind the plot. By Georgine Verano gverano@sph.com.sg By Debbie Yong debyong@sph.com.sg @DebbieYongBT THEY’VE helped corporate diners and private hosts put
        PHOTOS: STORIES, MY PRIVATE CHEF; PHOTOS: AND SO FORTH; PHOTOS: BRYAN HUANG OF GEEK CRUSADE  -  1,537 words
    • DESTINATION DINING
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        Lock icon Tasty outing in Barcelona
        872 8 / 9  -  All is not lost just because you can’t get a reservation at World’s No 1 restaurant, El Celler de Can Roca. Stick around in Barcelona for some good eats instead. Jaime Ee checks out two eateries Jaime Ee jaime@sph.com.sg @JaimeEeBT Abac Avinguda del Tibidabo, 1, *****
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        Lock icon Hotel steeped in history
        450 8 / 9  -  By Jaime Ee Majestic Hotel Passeig de Gràcia, 68 *****, Barcelona (Spain)Z+**********7 www.hotelmajestic.es VISITORS to Barcelona may think of Spanish architect Antonio Gaudi’s Casas Batllo and Mila as emblemetic of the city’s famous Passeig de Gracia strip, but those looking for a bit of history with
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        Lock icon Toast to culinary alchemy
        1392 10 / 11  -  El Celler de Can Roca, the No 1 eatery on the Restaurant Guide’s World’s 50 Best, teams up with iconic whisky brand The Macallan to create an extraordinary gastronomic experience. By Jaime Ee By Jaime Ee jaime@sph.com.sg @JaimeEeBT The writer was a guest of The Macallan
        PHOTOS: THE MACALLAN, JAIME EE  -  1,392 words
    • STYLE
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        Lock icon FASHIONING SPACES
        1083 12  -  It isn't enough to be a purveyor of the season’s most lust-worthy accessory. When you’re in the business of setting trends, the pressure is on to discover the next It locale for an epic soiree. By May Yip By May Yip FOR consummate girls about town, the coolest
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    • HEALTH
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        Lock icon Life-saving cancer ‘avatars’
        1039 13  -  Drug testing on mice now available for the first time in Singapore. By Cheah Ui-Hoon uihoon@sph.com.sg ONE of the most personalised and individualised approaches to cancer treatment is now available in Singapore with the introduction of Champions Tumorgraft. While strides have been made through testing the molecular
        PHOTO: CHAMPIONS ONCOLOGY  -  1,039 words
    • MOTORING
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        Lock icon Topless luxury
        543 14  -  The agility and refinement of the BMW 435i Convertible are up a notch. By Samuel Ee By Samuel Ee samuelee@sph.com.sg PERHAPS the nicest thing anyone can say about the BMW 4 Series Convertible is that it could easily be mistaken for the Coupe both in the way it
        543 words
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        Lock icon More Mini
        709 15  -  The latest Mini Cooper S is bigger, more refined and yet lighter. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE new Mini is, well, less so. The third generation of the modern Mini has the same proportions, but is now longer and wider, with its wheelbase extended by
        709 words
    • SPORTS
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        Lock icon A man in a woman’s world
        1069 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent RYAN Sandilands is a man on a mission. There are less than six months to go before Singapore stages its biggest professional tennis event in history, and the 41-year-old Scot is determined to make sure that
        PHOTOS: WTA, AFP  -  1,069 words
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      52 6 / 7 ~The first set of dinners for Stories will run on June 26-29 at the Tanjong Pagar Railway Station. Tickets are priced at $188-$248 and daily dinners seat 180 while weekend lunches accommodate 120 diners each. Tickets can be purchased on www.myprivatechef.com.sg from May 1, 2014. Advanced reservations can be made
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      34 6 / 7 ~Dinner is Coming’s second dinner, titled Welcome to King’s Landing, will be held on May 5 and seats 30 people. Prices from $95 nett (booking fees not included). For more information, go to www.geekcru-sade.com/dinner-is-coming
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      35 6 / 7 ~The Hideaway by And So Forth will take place on May 11 18. Dinners will seat 80 each night and cost $125 per person, with additional alcohol purchase available. Tickets and more information from www.andsoforth.com.sg
      35 words
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      895 8 / 9 wine& dine with BTWeekend Mixology Atrium Lounge, Level 4, Marina Mandarin 6 Raffles BoulevardZ 6845 1111 Unwind with friends or colleagues over specially concocted martinis at Marina Mandarin’s Atrium Lounge. Choose from three unique flavours Midori Martini, Shochu Melon and Shochu Paraiso Pineapple Martini at $15++ per glass from April
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      216 13 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer www.shsccentre.com Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or
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