The Business Times, 3 May 2014

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Total Pages: 38
1 16 The Business Times
  • 18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg MAY 3-4, 2014 S$1.00 MCI (P) 086/08/2013 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • 32 1 Jobless rate hits 5 1 /2-year low US DATA US job growth increased at its fastest pace in more than two years in April, suggesting a sharp rebound in economic activity. 2
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  • 27 1 HOT SPOTS SINGAPORE has joined the league of top five cities in wooing the rich to put their money in real estate. 3
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  • 25 1 EXCHANGE PROGRAMME INVESTORS in Hong Kong and Shanghai could be buying shares on each other’s stock exchange in six months’ time. 5
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  • 30 1 RICH LEAGUE THE wealth of self-made entrepreneurs with a primary business address in Asia has surged by more than half in the last year. 6
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  • 32 1 EARNINGS REPORT TIGER Airways posted a loss of $95.5 million in Q4, deepening the red ink from $15.38 million loss in the year-ago quarter. 10
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  • 865 1  -  S-E Asia and non-carbonated drinks markets to be focus of its strategic thrust for expansion By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE lion is awake, and it is thirsty. Freed from the constraints of its long association with Coca-Cola and
    PHOTO: YEN MENG JIIN  -  865 words
  • 1304 1  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE is feeling the heat not just from the sweltering outdoor temperatures of late, but from the football fever that is sweeping the nation. This year’s English Premier League (EPL) title race is one of the
    BT Graphics: Simon Ang; PHOTO: REUTERS  -  1,304 words
  • Page 1 Advertisements
    • 30 1 the business www. usinesstimes.com. THE RAFFLES CONVERSATION UNILEVER CEO PAUL POLMAN 8-9 WEALTH Danger lurks as investors seek yield 24-25 MOTORING The Jaguar F-Type Coupé l14 LIVING Thought process L2-4
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  • TOP STORIES
    • 536 2 Jobless rate falls 0.4 percentage point to 51/2 -year low of 6.3% LATEST US DATA Reuters Washington JOB growth in the US increased at its fastest pace in more than two years last month, suggesting a sharp rebound in economic activity early
      Reuters; PHOTO: REUTERS  -  536 words
    • MARKETS
      • 59 2 HSTI 3,252.55 (-12.16) HSTI FUTURES 3,243.00 (-7.00) HSIMSCI 369.06 (-0.24) ESIMSCI FUTURES 368.40 (unch) STOCKS Friday Change KL COMP 1,869.08 -2.44 NIKKEI 225 14,457.51 -27.62 HANG SENG 22,260.67 +126.70 SET 1,421.48 +6.54 JAKARTA 4,838.76 -1.39 MANILA 6,742.97 +35.06 KOSPI 1,959.44 -2.35 SHENZHEN B Closed MUMBAI IND 22,403.89 -13.91 12
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      • 29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.505 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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      • 49 2 US$ S$ US$ (S$ per US$) 1.253 (US$/S$ per 1.689 2.116 EURO (US$/S$/€ 1.386 1.736 Foreign currency per US$ S$ YEN 102.50 81.80 RM 3.266 2.606 HK$ 7.753 6.188 BAHT 32.39 25.85 RUPIAH 11,525 9,198 RENMINBI 6.259 4.996 INDIAN RUPEE 60.19 48.04 A$ 1.078 0.861 NZ$ 1.158 0.924
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    • 709 3  -  Singapore ranks fourth among cities wooing the upper crust to invest in real estate, having attracted US$217b By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINGAPORE, long seen as a real-estate haven for the ultra-rich, has joined the league of top five cities in wooing the rich into
      Source: Savills World Research Estimates  -  709 words
    • 399 3 Reuters Kuala Lumpur THE first funerals for passengers on board a missing Malaysia Airlines (MAS) jet will be held this weekend, relatives said yesterday, as a Malaysian minister urged relatives of those presumed dead to “face reality” and leave support
      Reuters  -  399 words
    • 654 5  -  Despite the beneficial aspects of the scheme, investors face cross-border risks and trading restrictions By Shu-Ching Jean Chen in Hong Kong INVESTORS in Hong Kong and Shanghai could be buying shares in each other’s stock exchange as soon as in six months’ time
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    • 577 5  -  By Anthony Rowley in Astana, Kazakhstan ASIAN Development Bank president Takehiko Nakao plans to gear up the bank’s operations in a way he says will greatly expand its impact in infrastructure and other areas of development. And, it will not require extra
      PHOTO: BLOOMBERG  -  577 words
    • 569 6  -  Top 1 0 worth a combined US$1 69.9 billion; most are from China or Hong Kong By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore THE combined wealth of self-made entrepreneurs with a primary business address in Asia has surged by more than half in the last
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    • 317 6  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore GIC has cast a “vote of confidence” in the Philippine economy, lending 3.4 billion pesos (S$95.6 million) to Century Canning Corporation (CCC), the parent company of soon-to-be-listed Century Pacific Food (CNPF). Through its private equity
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  • Page 2 Advertisements
    • 45 2 CONTENTS NEWS Top Stories 2-6 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 13 Singapore 14 World 15-18 Stocks Stats 19-23 Wealth 24-27 Househunt 26 Real Estate 27 LIVING Style L2-7 Dining L8-9 Home Garden L10-11 Design L12 Health L13 Motoring L14-15 Golf L16 Crosswords 27
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  • Page 3 Advertisements
    • 65 3 SINGAPORE —SWEEP— 1 ST PRIZE $2,300,000 2ND prize 3 rd PRIZE $500,000 $250,000 9 sets of 2D winning numbers (315,000 prizes, each $6) •W SINGAPORE B SWEEP' $3 Hr *****.68 Draw Da«e. ws) ftp, B: IP" 1 DRAW ON WEDNESDAY, 7 MAY 2014 P L Always play with care. /f
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  • Page 5 Advertisements
    • 397 5 W) [SATS NOTICES DBS BANK LTD. (Incorporated in the Republic of Singapore) Company Registration No. *****0306E (“the Company”) NOTICE OF CLOSURE OF BOOKS FOR S$ 800,000,000 4.7% NON-CUMULATIVE PREFERENCE SHARES (“PREFERENCE SHARES”) Notice is hereby given that the Share Transfer Books and Register of Preference Shareholders will be closed on
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  • Page 6 Advertisements
    • 222 6 Get TONI&GUY’S Luxury Haircare Ritual at 30% off! (U.P $157) Venue: TONI&GUY, 8A Marina Boulevard #B2-22 Marina Bay Link Mall Singapore *****4 Tel: (65) 6636 7003 Website: www.toniandguy.sg Terms Conditions: Promotion valid from 3 May 2014 31 May 2014. Promotion valid at TONI&GUY at Marina Bay Link Mall only. Management
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  • Page 7 Advertisements
    • 279 7 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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  • THE RAFFLES CONVERSATION
    • 2090 8 / 9  -  Paul Polman, Unilever CEO, is a keen evangelist of value-driven businesses, and has calmly led the consumer goods behemoth into new strategic directions. By Andrea Soh sandrea@sph.com.sg @AndreaSohB HE rails against quarterly reporting, short-term investing and mindless consumption. For someone given to such tirades, one would have
      PHOTO: YEN MENG JIIN  -  2,090 words

  • COMPANIES
    • 717 10  -  The budget carrier reviewing its stake in Tigerair Mandala; plans to ground eight aircraft and revamp network By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore BUDGET carrier Tiger Airways said it is reassessing its investment in Tigerair Mandala as the loss-making associate continues to
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    • 603 10  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore SEMBCORP Marine yesterday reported a 3.1 per cent increase in its first-quarter net profit to $122.5 million from the $119 million earned during the same period last year. Revenue for the Singa-pore-based offshore
      PHOTO: BLOOMBERG  -  603 words
    • 532 11  -  But analysts cautious about UOB amid pressure from Asean markets By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore DBS and OCBC have won approval from analysts for lifting expectations of better margins and stronger fee income this year, as they sought to dispel deep scepticism
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    • 156 11 Reuters London INVESTORS put new money into emerging market funds for the fifth straight week although the pace of equity inflows slowed sharply, banks said yesterday, citing data from EPFR Global. The Boston-based fund tracker, which releases data to clients late on
      Reuters  -  156 words
    • 421 11  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE dawn of a new financial year brought some warmth from the land of the rising sun for Parkway Life Real Estate Investment Trust. Distributable income at the healthcare Reit rose 6.9 per cent in the
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    • 431 11  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore ROXY-PACIFIC Holdings’ net profit for the first quarter ended March has risen 29 per cent to $15.1 million, from $11.7 million a year ago. This was on the back of revenue surging 48 per cent to $79.5
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    • 387 12  -  They command higher compensation here than in five other global financial centres US$72,000 more than in second-placed New York By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE has emerged as the top-paying city for investment banking sales directors in 2013/2014 because directors here have
      BT Graphics; Source: Emolument.com (Median figures)  -  387 words
    • 444 12 Reuters Seoul LOTTE Shopping Co Ltd said it is postponing an up to US$1 billion real estate investment trust (Reit) listing in Singapore due to unfavourable market conditions, the second large initial public offering (IPO) to be pulled in Asia this week. Volatile equity
      Reuters; PHOTO: BLOOMBERG  -  444 words
    • 410 12 NYT New York ONLY the wealthiest and most sophisticated investors are allowed to put money into the leveraged buyouts done by Kohlberg Kravis Roberts. But that may be changing. KKR is working with another firm to allow investors to commit
      NYT  -  410 words
    • 720 13  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent IT WAS a holiday-short-ened week in which the banks reported solid results, the US Federal Reserve did nothing unexpected at its Open Markets Committee meeting, and penny activity continued to dwindle
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    • 126 13 Reported on May 2,2014 company reporting revenue net profit /loss y-o-y profit change eps dps last traded price period Rickmers Maritime Q1 US$33.9m US$9.9m (8) US$0.0116 US$0.006 $0.295 With a number of existing charter agreements expiring in Q4 2014 and 2015, the uncertainty of the timing of the
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    • 199 13 VOL CLOSE HanKore Env 142,217 11 1 0 2 1.8 Amp l ef i e l d R 123,481 0 1 0 0 0.0 Charisma Energy 39,912 5 0 1 2.0 Top Globa l 35,322 0 8 0 0 0.0 Golden Agr i Res 32,462 61 5
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    • 120 13 Stock name Close Change CapitaLand 3.140 -0.060 CapitaMall Trust 2.010 +0.015 CapitaMalls Asia 2.210 CityDev 10.90 +0.070 ComfortDelGro 2.070 -0.050 DBS Grp 17.17 +0.230 Genting Sing 1.320 -0.005 Global Logistic 2.810 -0.040 Golden Agri-Res 0.615 +0.005 HPH Trust USD 0.675 -0.005 HongkongLand USD 6.800 -0.200 JMH 400 USD
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    • 66 13 BY CENTS CLOSE UP DBXT iBoxxSvEu 5US$ ***** 236.8 0.7 DBXT iBoxxUSTr 5US$ ***** 124.0 0.5 DBXT Nifty 10US$ ***** 121.5 0.9 DBXT EONIA 5US$ ***** 116.5 0.5 SPDRS S&P 500 10US$ ***** 107.8 0.5 DBXT MSJAP 10US$ 4403 102.7 1.9 Lyxor Indonesia10US$ 8851 90.2 0.8 DBXT MSEurope
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    • 61 13 BY CENTS CLOSEDOWN DBXT AUDCS 5SG$ ***** -119.0 -0.5 JMH 400 USD 6146 -105.2 -1.3 Jardine C&C 4599 -92.0 -2.0 GLD 10US$ ***** -77.7 -0.5 DBXT AUDCS 5US$ ***** -45.1 -0.2 DBXT DBCBDJUBS 10US$ 3058 -33.8 -0.9 DBXT DBLCI-OY 5US$ 3485 -33.8 -0.8 UOB 2150 -26.0 -1.2 HongkongLand
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    • Business briefing
      • 116 13 DARCO Water Technologies unit, Darco Engineering Taiwan Inc (DET), has received additional tax assessments and penalties from the Taiwanese tax authorities amounting to NT$42.8 million (about S$1.78 million) and NT$38.48, respectively. These arose from fraudulent acts committed by DET’s previous management,
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      • 81 13 SINGAPORE Technologies Kinetics, a unit of Singapore Technologies Engineering, has secured a new contract worth $100 million from SMRT Buses Ltd for the supply of 40 MAN A24 articulated buses and 332 MAN A22 12-m buses. Delivery is expected in the
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  • Page 13 Advertisements
    • 35 13 Need a t t 'j j room flat? ftNMHUH If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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  • SINGAPORE
    • 631 14  -  New rule since October has been effective in arresting surging assignment fees, says Khaw By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT TO grant more breathing space to long-time commercial and industrial tenants affected by the rule that restricts the transfer of business spaces, the
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    • 412 14  -  Water agency to use them to conduct a test-bedding study By Raphael Lim raphlim@sph.com.sg SOLAR power will play a bigger role in Singapore with two new projects, worth over $13 million, announced by the Public Utilities Board (PUB) yesterday. The national water
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    • 340 14  -  Training courses also offered by NTUC’s e2i and partners By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT AS many as 3,000 jobs with 450 different companies are up for grabs at a two-week employability fair that began yesterday. The event, held at
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  • WORLD
    • 741 15 Consumers rushed to beat sales tax hike on April 1 higher wages key to outlook Reuters Tokyo JAPANESE household spending soared at the fastest annual pace in four decades in March as consumers rushed to beat a sales tax hike, with early signs backing
      Reuters; PHOTO: REUTERS  -  741 words
    • 386 15 But it also warns of threats to privacy and proposes protections AFP Washington A STUDY ordered by US President Barack Obama concludes that analysis of “big data” can help society in many ways, from improving healthcare to spurring economic growth. But the
      AFP  -  386 words
    • 652 16 Large takeovers usually mean fewer new drugs, going by drugmaker’s past acquisitions Bloomberg London PFIZER Inc’s plan to buy AstraZeneca probably will lead to billions of dollars in research cuts, the closure of laboratories and thousands of scientists being fired if history repeats itself, industry
      Bloomberg; PHOTO: BLOOMBERG  -  652 words
    • Briefing
    • 1021 17 White House claims rouble, stock markets hit, but analysts say they fell even before the curbs NYT Washington AS it tries to punish Moscow for its intervention in Ukraine, the White House asserts that the sanctions it imposed have had a
      NYT; PHOTO: REUTERS  -  1,021 words
    • 332 17 Bloomberg Hong Kong WYNN Macau Ltd reported firstquarter profit that beat analyst estimates as billionaire Steve Wynn’s casino drew more massmarket customers into the world’s largest gambling hub. Adjusted property earnings before interest, taxes, depreciation and amortisation, or Ebitda, rose 16 per cent
      Bloomberg  -  332 words
    • 440 18 NY Attorney General’s office seeking more information on their relationships, sources say Reuters New York THE New York Attorney General’s office is seeking information from exchanges and alternative trading platforms about their relationships with high frequency trading firms, as part of its probe into
      Reuters  -  440 words
    • 394 18 Reuters Tokyo THE core unit of Mizuho Financial Group Inc is talking to several Asian banks about investing in their operations, a top executive said, but Japan’s second-largest lender by assets is unlikely to make the sort of flashy deals like those
      Reuters; PHOTO: BLOOMBERG  -  394 words
    • 528 18 AFP Reuters Jakarta INDONESIA has posted a robust monthly trade surplus while inflation eased in April, data showed yesterday, in a sign that Southeast Asia’s top economy is on the road to recovery. The country was hit hard in 2013 as trade plunged to a
      AFP; Reuters; PHOTO: BLOOMBERG  -  528 words

  • Page 16 Advertisements
    • 56 16 HOT PROPERTY bunn?/° N Vicinit V V.OOOsf approx 21 15 000 cars greenery m P00 6 6000s, s r-u Move-in Ho,land MRT. £ZuTZl GC 2 ry lanrJ approx 15,130 sq!ft ated HOUSES FOR SALE f Check this and many other properties in The Straits Times Classified now! THE STRAITS TIMES
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  • SGX
    • 8235 19 Transaction date: May 2 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 12.4xd 11.3 12.4 6.3 1 16.1 59.4 20 3.3 A-Sonic Aero 10.3 +0.1 1463 10.4 10.3 10.3 10.4
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    • 1979 22 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 $mil 35 22 t 3Cnergy 500 30.5 30.5 30 28.5 19 t 800 Super 25 -1 52 26.5 25 25 26.5 3.2 4 7.8 44.7 4.5
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    • 186 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 1 0 0 0 6 7 1 Manufacturing 38 62 38 10 7 7 48 69 45 Commerce 15 22 27 1 7 5 16 29 32 Tpt/Stor/Comms 18 13 7
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    • 784 22 SUBSTANTIAL SHAREHOLDERIDIRECTOR TRANSACTIONS For week beginning Apr 28 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Grand Banks Yachts 29-Apr-14 Golden Hope Limited *Buy 3350 0.25 ***** 22.76 ***** 24.70 Grand Banks Yachts
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    • 123 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,547 18,547 58,864 58,864 Manufacturing 319,198 44,079 363,277 125,779 8,189 133,969 Commerce 99,635 45,774 145,409 98,451 4,039 102,490 Tpt/Stor/Comms 107,198 374 107,572 172,062 42 172,104 Finance 23,371 800 24,171 250,572 300 250,872 Construction 55,035 70,076
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  • MARKETS
    • 93 23 May 1 COCOA (£/tonne) Close Prev High Low May 14 1808 1835 1833 1801 Jul 14 1822 1848 1846 1814 Sep 14 1825 1850 1848 1818 Dec 14 1822 1847 1845 1815 COFFEE(US$/tonne) Close Prev High Low May 14 2178 2167 2180 2155 Jul14 2173 2168 2178 2150 Sep
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    • 66 23 May 02 GOLD(US$/oz) May 02 Apr 30 Hong Kong 1289.00 1292.00 May 01 Apr 30 London 1282.00 1293.36 1282.55 1294.05 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.22 23.45 Source: UOB PLATINUM/ Lon (US$/oz) May 01 Close Previous PM Fix 1412.00 1424.00 AM Fix 1417.00 1421.00 Source:
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    • 118 23 May 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.188 1.132 Can dollar 1.164 1.120 Euro 1.778 1.694 Sterling pound 2.156 2.074 NZ dollar 1.106 1.064 US dollar 1.278 1.218 Local dollars to 100 units of foreign currency: Currencies Sell
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    • STOCK MARKETS
      • 20 23 YTD change: +2.69% 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
      • 20 23 YTD change: -4.49% 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
      • 26 23 YTD change: -0.11% 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
        Source: Bloomberg  -  26 words
      • 26 23 YTD change: -4.24% 52-week high: 2,334.33 on May 29,2013 52-week low: 1,849.65 on June 25,2013 (Chart shows Wednesday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
      • Article, Illustration
        19 23 YTD change: -11.26% 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
    • 57 23 May 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 14 2656.0 2660.0 2660.0 2635.0 51 2115 Jun 14 2588.0 2615.0 2617.0 2579.0 2757 ***** Jul 14 2567.0 2592.0 2594.0 2558.0 ***** ***** Aug 14 2561.0 2582.0
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    • 84 23 May 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.31 101.35 101.35 5-Year NX*****W 2.5 01-Jun-19 105.36 105.50 105.40 10-Year NX*****H 2.750 01-Jul-23
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    • 155 23 May 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1618 1.1622 0.9273 0.9275 Canadian dollar 1.1426 1.1428 0.9121 0.9120 Euro 1.7358 1.7362 1.3854 1.3856 NZ dollar 1.0818 1.0826 0.8634 0.8640 Sterling pound 2.1160 2.1167 1.6889 1.6893
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    • 101 23 May 1 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 14 1473.*****0.*****3.*****2.50 Jul 14 1461.00 1512.75 1512.00 1460.00 Aug 14 1399.75 1440.75 1439.75 1398.50 Sep 14 1281.25 1310.25 1309.75 1279.50 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low May 14 40.92 41.88 41.94 40.87 Jul 14 41.16
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    • 68 23 May 01 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 107.53 -0.25 WTI (Near Mth) 99.42 -0.36 Dubai (1-Mth F) 103.00 -1.59 Tapis blend 111.33 -1.16 Minas 109.53 -1.16 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.61 unch Jet Kerosene 120.34 unch US$/barrel OpecOil Basket Price 103.77
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    • 72 23 May 01 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1742.25 1756.25 3 months 1785.00 1800.00 Copper, Grade A (US$/tonne) Cash 6674.00 6659.50 3 months 6645.00 6642.00 Lead (US$/tonne) Cash 2067.25 2081.25 3 months 2090.00 2106.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 373 23 In local curr In S$ In US$ dy yr dy yr dy yr May 1 Index Change Change Change Change Change Change World Preliminary 1200.4 0.3 1.3 0.0 1.1 0.3 1.9 EAFE Preliminary 954.8 0.3 -0.2 0.1 0.6 0.4 1.5 Europe Preliminary 1390.8 0.1 2.6
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  • Wealth
    • WEALTH INVESTING
      • 1500 24 / 25  -  With money to invest but few options available, investors are turning to lower quality, rather than longer maturity bonds. By Floyd Norris By Floyd Norris NYT WHEN buyers demand something, the supply will be created. Especially on Wall Street. These days, thanks in no
        NYT; PHOTO: AFP  -  1,500 words
      • 848 24 / 25  -  Compiled by Cai Haoxiang OCBC Bank Neutral Phillip Securities Research May 2 May 2 close S$9.72 OCBC announced its Q1 2014 results on April 30 2014. They reported a net profit of S$867 million, excluding the one-off gain of S$32 million from GEH’s (Great Eastern Holdings) partial disposal
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    • WEALTH REAL ESTATE
      • 1142 26 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MARCH 19 AND MARCH 25, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 5 NON-LANDED Hundred Trees Apt 19/03/2014 956 915 1180 1290 Kentview Park Apt 25/03/2014 FH 1313
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      • 440 27  -  They also expect more diversity, competitiveness, demand for new offering B y Jaira Koh jairakoh@sph.com.sg Singapore THE self-storage industry here is expected to become more diverse and competitive, and to spawn a wider range of product and service offerings, says a
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      • 200 27 Bloomberg London A PENTHOUSE in London’s One Hyde Park luxury apartment complex valued at as much as £175 million (S$370 million) has been sold by Christian Candy’s CPC Group Ltd. The 16,000 square foot duplex penthouse D was valued independently
        Bloomberg; PHOTO: BLOOMBERG  -  200 words
      • 206 27 Singapore JUST over half the 400 units of the 99-year leasehold Commonwealth Towers, launched on Thursday, have been sold. The project on Commonwealth Avenue has its 845 units spread across two 43-storey towers, which offer views of the city and the Southern Ridges. The
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  • Page 27 Miscellaneous
    • 315 27 CRYPTIC CROSSWORD Across 1 Crucial moment at Wimbledon affecting two times champion (5,5) 6 Flashy character upsetting top people (4) 9 Old cars popular with learner visiting more than one state (3,7) 10 Powder used in macrobiotic latte coming from the East (4) 12 Hunter’s habit perhaps put an end
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  • Page 28 Advertisements
    • 91 28 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. IN 1993, AUDEMARS PIGUET CHANGED THE WORLD OF THE SPORTS WATCH FOREVER. THE POWERFUL ARCHITECTURE OF THE ROYAL OAK OFFSHORE BECAME THE ULTIMATE STATEMENT IN PERFORMANCE HAUTE HOROLOGY. THE 2014 ROYAL OAK OFFSHORE COLLECTION MOVES THE GAME ON ONCE MORE; THE
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  • Page 1 Advertisements
    • 61 1 THE BUSINESS TIMES WEEKEND MAY 3 4 2014 BT Living THOUGHT PROCESS Fashion and design join hands for a cerebral take on creativity L2-4 MOTORING The F factor L14 DINING Brewing up a storm L8-9 STYLE Homegrown beauty brand goes big L5 HOME GARDEN Kitchen haven L10-11 PHOTO: NENDO STYLE
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  • BT Living
    • STYLE
      • 1634 2 / 3  -  Fashion brands are evoking the senses rather than sensationalism in a new wave of collaborations with the world of design. By May Yip EARLIER this week, Kate Moss’ latest line for Topshop was heralded with the usual headline-grabbing fanfare model besties Naomi Campbell and Cara Delevingne lent high
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      • Article, Illustration
        861 5  -  Homegrown beauty brand Skin Inc launches an aggressive campaign to dispense customised potions from Valencia to New York. By May Yip By May Yip btnews@sph.com.sg BEAUTY may be only skin deep. But the cutthroat beauty business involves intricate layers of strategising and marketing know-how, especially in the
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        NYT; PHOTOS: ZEGNA ON FACEBOOK; PORTRAIT: NYT  -  2,021 words
    • DINING
      • 1763 8 / 9  -  Craft brews are all the rage these days, and the latest players are taking it up a notch by serving up beers freshly tapped from their on-site microbreweries. Debbie Yong and Georgine Verano mull over a pint at three new brewpubs in town. By Georgine Verano
        PHOTOS: THE 1925, ARTHUR LEE, DEBBIE YONG  -  1,763 words
    • HOME & GARDEN
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    • DESIGN
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    • MOTORING
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      • Article, Illustration
        723 15  -  The Audi S3 Sedan has boyracer performance but without the image. By Samuel Ee samuelee@sph.com.sg AS a small performance sedan, the new Audi S3 Sedan occupies a unique niche with its all-wheel-drive power and compact four-door body. The S3 Sportback is already well-known as a hot hatch but
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    • GOLF
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    • 1020 4 wine& dine with BTWeekend Mother’s Day AquaMarine Atrium Lounge, Level 4, Marina Mandarin 6 Raffles Boulevard Delight mom with an enticing buffet spread featuring culinary highlights such as Thai wraps with spicy chicken shawarma and young papaya, signature Nonya laksa with fresh prawns and baby abalone as well as raspberry
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