The Business Times, 5 May 2014
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2014-05-05
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The Business Times
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Title Section25 2014-05-05 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, May 5, 201425 words
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Article, Illustration987 2014-05-05 1 SIOW LI SEN - Revamp will focus on private banking, trade finance, mid-sized firms By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] The Singapore business is critical to Standard Chartered Bank as the group restructures to focus on private banking, trade finance and midsized companies. “The big driver987 words
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916 2014-05-05 1 LYNETTE KHOO - Banks outside S’pore not obliged to report to credit bureau here By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] For Singaporeans still hoping to snap up overseas properties despite having their borrowing capacity curbed by what is known as the TDSR (total debt servicing ratio), more916 words
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MARKETS DIGEST
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Article57 2014-05-05 1 Weekly Change ST INDEX 3,252.55 -15.02 KL COMP 1,869.08 +8.10 NIKKEI 225 14,457.51 +28.25 HANG SENG 22,260.67 +37.14 SET INDEX 1,421.48 +13.32 JAKARTA COMP 4,838.76 -58.88 MANILA COMP 6,742.97 +57.87 SEOUL COMP 1,959.44 -12.22 SHENZHEN B 828.57 +1.18 MUMBAI IND 22,403.89 -284.18 DOW 16,512.89 +151.43 NASDAQ 4,123.90 +48.34 S&P57 words
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Article20 2014-05-05 1 SINGAPORE 5.35 MALAYSIA 6.55 HONGKONG 5.00 INDONESIA 15.505 KOREA 5.036 JAPAN 1.475 KOREA 9.33 INDIA 0.50 Source: Bloomberg20 words
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Article49 2014-05-05 1 US$ 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 0.92449 words
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Page 1 Advertisements
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Advertisement63 2014-05-05 1 TOPLINE Myanmar lights up UPP prospects PAGE 5 BOARDROOM MATTERS Sense and sensibility in board diversity page 6 DINING OUT Adventures in salt and spice PAGE 20 VIEWS FROM THE TOP Enabling the disabled PAGE 13 OYSTER PERPETUAL YACHT-MASTER II t ROLEX 3* EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY63 words
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Advertisement24 2014-05-05 1 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. **********0424 words
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TOP STORIES
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Article484 2014-05-05 2 TDSR pushes some property buyers to offshore loans FOR Singaporeans still hoping to snap up overseas properties despite having their borrowing capacity curbed by TDSR, more may be considering offshore loans to finance purchases. FRONT PAGE Standard Chartered puts S’pore at heart of Asean SINGAPORE business is critical484 words
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Article, Illustration765 2014-05-05 2 JOYCE HOOI - Refuge being sought in this segment as consumer market sees trying times BY JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT [SINGAPORE] Last November, a section dedicated to business services popped up for the first time on M1’s newly revamped website. This was done quietly and with765 words
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Article, Illustration497 2014-05-05 2 CHERYL TAN - They grew their portfolios the most in competition By CHERYL TAN tansyc@sph.com.sg A BUSINESSMAN, a student and a stay-at-home father: three individuals with varying levels of experience in stock trading but who now share the accolade of beingPHOTO: YEN MENG JIIN - 497 words
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Article, Illustration908 2014-05-05 4 SIOW LI SEN - Forex leader to offer one-stop concept for fund raising, M&As, GTS, private bank BANKING ON ASIA By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] Deutsche Bank is making a big push into commercial banking in Asia in order to deepen its relationship withPHOTO: ARTHUR LEE - 908 words
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Article, Illustration651 2014-05-05 4 MICHAEL CHUA - Underdogs are more than capable of causing upsets CEO WORLD CUP By MICHAEL CHUA chuamc@sph.com.sg [SINGAPORE[ Watching Malaysia Cup matches in the 80s probably taught Apollo Global Management Singapore CEO Tan Chin Hwee his first lessons on investing and the loaded significance of being651 words
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680 2014-05-05 4 ROB CURRAN - WALL STREET INSIGHT By ROB CURRAN LAST week, US stocks continued their divergence as the blue-chip Dow Jones Industrial Average hit a record high while the growth-sensitive Nasdaq Composite failed to recoup its April losses. The shift from a growth680 words
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572 2014-05-05 4 JAMIE LEE - It hopes to grow trade finance business from them By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT [SINGAPORE] Citi is aiming for a larger share of trade finance business from Asian corporates that are challenging Western incumbents, a senior executive said. This comes amid concerns over a slowdown572 words
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Page 2 Advertisements
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Advertisement355 2014-05-05 2 I encompass the strength to succeed. It*s my choice. j Success means the world to us, but it does not come about overnight. It is the culmination of sound decisions and equally offbeat ones. In partnership with prestigious universities that have produced many successful graduates, it’s an education you can355 words
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Advertisement31 2014-05-05 2 mm cars? •'*w% r If you're looking fora landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.31 words
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Page 3 Advertisements
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Advertisement57 2014-05-05 3 f m I A U- II wm III V. v. E« s b e f \k q: r '.-st9 4 > k r 1 A M <€"* k v<**; r ->-- w I <t 7 > v -i < J rt I-' /3 fl r V 'V V *5 w57 words
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Page 4 Advertisements
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Advertisement96 2014-05-05 4 ALMATY Beijing Seoul Hong Kong Bangkok\ V M Ho Chi Minh Kuala Lumpur Beijing Almaty 5 times a week Kuala Lumpur Almaty 3 times a week Bangkok Almaty 7 times a week Seoul Almaty 2 times a week Ho Chi Minh Almaty 2 times a week Hong Kong Almaty jJs96 words
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COMPANY NEWS
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Article, Illustration891 2014-05-05 5 ANITA GABRIEL - Malaysian entrepreneur Tong Kooi Ong looks to frontier markets for more rewarding returns, reportsANITA TOPLINE ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT MALAYSIAN entrepreneur Tong Kooi Ong is making bite-size corporate moves into Singapore by snapping up stakes in smallish firms and rendering them turnaround material. One ofYEN MENG JIIN - 891 words
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Article, Illustration806 2014-05-05 6 LYN BOXALL - Members should have a mix of skills, experience and backgrounds, says LYN BOXALL LYN BOXALL The writer is a member of the Professional Development Committee of the Singapore Institute of Directors Recent upheavals in the financial and corporate realms have underlined the degree of806 words
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891 2014-05-05 6 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd BUYING was flat while selling among directors fell, based on filings with Singapore Exchange in the holiday-shortened week of April 28 to May 2. Eight companies recorded 15 purchases worth $3.6891 words
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Article2904 2014-05-05 6 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom bn 0.120 29-Apr 02-May 20-May 04-Apr ABR ak 1.500 06-May 08-May 28-May 14-Apr AdvaHldg ak 0.600 06-May 08-May 23-May 11-Apr AEI Corp an 0.500 05-May 07-May 15-May 27-Feb AIM ak 0.160 06-May 08-May 20-May 26-Feb AIMS Prop2,904 words
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Page 5 Advertisements
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Advertisement398 2014-05-05 5 Experience the old and the new at Post Bar, The Fullerton Hotel Singapore. BAR r *031i A trendy bar frequented by fast-movers and deal-makers in the Central Business District, Post Bar has a distinctive style that makes for a memorable experience, whether it is a quick 2-course business lunch at398 words
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Advertisement5 2014-05-05 6 The power of global connectionsTM5 words
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Page 7 Advertisements
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Advertisement183 2014-05-05 7 OPERA GRAND i p *-||T v* m VV.,;- V W ~k 2r~. M V ■> =..;rn?«A-. agsg 1 .v rr'7':'■■ V2L* > 3me ...uuiiHtr Hj. _iir f T SuP, r V fcfV:?- i IS- SsBBPI r r. a r yi r>' A S? *>*5* A SL 1 -J < VV.183 words
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SINGAPORE MARKETS
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Article, Illustration693 2014-05-05 8 R SIVANITHY - STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THIS time last week, traders were probably contemplating how best to position themselves for an expected windowdressing push on the Straits Times Index on Wednesday, the last trading day of April. hose who bought the dips on693 words
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Article, Illustration572 2014-05-05 8 AVTAR SANDU - COMMODITIES AVTAR SANDU The writer is a senior commodities manager at Phillip Futures COMMODITIES have performed better in the last quarter than in the previous year. A combination of factors from the supply side including weather shocks, export bans, unplanned572 words
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447 2014-05-05 8 CURRENCIES Bloomberg [LONDON] The pound advanced to the strongest level in more than four years against the US dollar last week as signs that the UK economic recovery is gathering momentum boosted the allure of British assets. Sterling climbed for a fourthBloomberg - 447 words
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Article124 2014-05-05 8 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 215.5 1.1 DBXT iBoxxSvEu 5US$ ***** 157.9 0.4 SPDR DJIA 10US$ ***** 127.8 0.6 DBXT MSEurope 10US$ 6278 117.8 1.5 SPDRS S&P 500 10US$ ***** 81.4 0.3 DBXT MSJAP 10US$ 4403 80.2 1.5 DBXT AUD Bonds 5AU$ ***** 75.5 0.3 DBXT124 words
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Article129 2014-05-05 8 BY CENTS CLOSE DOWN Jardine C&C 4599 -302.0 -6.2 GLD 10US$ ***** -114.0 -0.7 UOB 2150 -96.0 -4.3 DBXT AUDCS 5SG$ ***** -80.0 -0.3 JMH 400 USD 6146 -67.7 -0.9 UOB.ES.1405 2181 -61.0 -2.7 DBXT SPASX200 10US$ 4157 -52.6 -1.0 DBXT USDIGInfl 5US$ ***** -50.1 -0.1 Lyxor Indonesia10US$ 8851129 words
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Article1597 2014-05-05 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 3 10.12 13.98 1.66 1.42 Amtek Engineering Ltd 2.50 2.50 2 0.05 10.14 0.56 0.63 ARA Asset Management Ltd 2.291,597 words
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Article77 2014-05-05 8 May 2 VALUE CLOSE BT OB/OS -130.00 -84.00 BT CADI -*****.00 -25.00 BT 10-day MA -*****.00 -13.00 FTSE ST Mid Cap 758.87 +5.89 FTSE ST Small Cap 542.80 -0.94 FTSE ST All Share 790.93 -1.29 FTSE ST China Top 200.53 -1.68 FTSE ST China 229.30 -3.75 FTSE77 words
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Article61 2014-05-05 8 VOLUME HanKore Env 433,401,000 Albedo 261,228,000 Amplefield R 253,308,000 Memstar Tech 195,143,000 Top Global 177,178,000 Artivision Tech 161,724,000 Golden Agri-Res 137,863,000 QT Vascular 134,395,000 Transcu Grp 128,826,000 SIIC Environment 121,986,000 VALUE($) UOB 394,433,783 DBS Grp 372,702,625 SingTel 344,065,440 OCBC Bank 279,630,591 Global Logistic 210,999,172 Wilmar Intl 207,413,83161 words
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Page 8 Advertisements
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Advertisement102 2014-05-05 8 Ask the Commodities Experts Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) At Phillip Futures www.phillipfutures.com.sg 6538 0500 futures@phillip.com.sg Co. Reg. No: *****5695G 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 Email: futures@phillip.com.sg The above information does not constitute an investment advice, an offer/solicitation102 words
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Page 9 Advertisements
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Advertisement753 2014-05-05 9 i m m lJ EXPAND YOUR STRATEGIC VISION AND LEADERSHIP Examine strategic issues, build sustainable leadership and more for your organisation with these Advanced Management Programmes by SIM Professional Development. ORGANISATIONAL ALIGNMENT Vs STRATEGY FORMULATION J 6248 9414 PEOPLE MANAGEMENT The Dynamics of Strategy Aug 11-15 HR MANAGEMENT J 6248753 words
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SINGAPORE NEWS
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Article, Illustration384 2014-05-05 10 LEE U-WEN - The Outstanding Service Award also goes to cardiologist Victor Dzau By LEE U-WEN By leeuwen@sph.com.sg @LeeUwenBT FORMER Singapore Deputy Prime Minister S Jayakumar is among nine people who will be recognised by the National University of Singapore this Friday at its annual awards384 words
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Article, Illustration331 2014-05-05 10 LISABELLE TAN - By LISABELLE TAN lisatan@sph.com.sg SEVEN in 10 Asian businesses are eyeing Myanmar as an untapped investment hotspot, according to a UOB survey. The survey, conducted between February and March, polled 108 corporate banking and commercial banking customers across Asia. The respondents had anBT Graphics: Lisabelle Tan Min and Jennifer Chua; Source: UOB, Photo: Bloomberg - 331 words
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Article120 2014-05-05 10 COMPANY MEETING PLACE DATE TIME Teho Intl E 8 Wilkie Road #03-08 Wilkie Edge 06-May 2.00pm C&G Env Protect S Diamond All (Lower Lobby) Sheraton Towers Singapore 39 Scotts Road 07-May 9.30am Ley Choon Group E Conference Room No. 4 Sungei Kadut Street 2 Sungei Kadut Industrial Estate120 words
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Article, Illustration650 2014-05-05 10 KARA QUEK - Singapore is the sole manufacturing hub for Carrier’s refrigeration units for containers B)’ KARA QUEK karaquek@sph.com.sg CARRIER Transicold, the world’s largest manufacturer of refrigerated containers, now makes all the refrigeration units for its containers solely at its Singapore factory. The company, a part ofBT Graphics: Simon Ang and Sarah Loyola - 650 words
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Article, Illustration360 2014-05-05 10 Cakes for a smile: Ritz-Carlton pitches in SOME 7,000 Valrhonachocolate and banana cakes will be baked by chefs at The Ritz-Carlton, Millenia Singapore to raise funds for Smile Asia Week in support of Operation Smile. Since 1982, Operation Smile has treated more than 200,000 children in 51 countries,360 words
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Article269 2014-05-05 10 May 2 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 ...6.00 ...5.50 Bank of Tokyo-Mitsubishi UFJ, Ltd Banque Internationale a ...5.50 Chang Hwa Commercial Bank 5.50 China Construction Bank Corp269 words
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Page 10 Advertisements
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Advertisement31 2014-05-05 10 Own^^m J^cars? J ■'•^4 If you're looking fora landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.31 words
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Page 11 Advertisements
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Advertisement84 2014-05-05 11 9i iS* V O' J v ■Y A J. sr V? v m m 4 8K V t) A j m v V 4 r ■*j oE iS V 5»“’ >v lO> THE R Is The one who's completely irreverent, breaks all the rules and loves Russian roulette. The creative84 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1609 2014-05-05 12 ISAAC ARNSDORF - As the tundra melts and reveals undiscovered resources, investors are trickling in, reportsISAAC ISAAC ARNSDORF Bloomberg HUGH Short wants you to invest in an emerging economy with few people, fewer buildings, and which is melting at the fastest paceBloomberg; PHOTO: REUTERS - 1,609 words
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Article, Illustration481 2014-05-05 12 CAI HAOXIANG - Over 800 universities and 3,700 students took part in the year-long competition B)’ CAI HAOXIANG Haoxiang@sph.com.sg @Hao><iangCaiBT THE University of the Philippines Diliman won an annual worldwide competition in investment research that was hosted in Singapore for the first time last month. The481 words
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Page 12 Advertisements
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Advertisement156 2014-05-05 12 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to156 words
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VIEWS FROM THE TOP
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Article, Illustration1732 2014-05-05 13 THIS WEEK’S TOPIC What has been your organisation’s experience in hiring people with disabilities? Does the new Open Door Programme go far enough to help the disabled with employment? Lim Soon Hock Managing Director Plan-B ICAG Pte Ltd BUSINESSES should be inclusive and strive to employ peoplePHOTO: FREEIMAGES - 1,732 words
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Page 13 Advertisements
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Advertisement250 2014-05-05 13 For the complete list of views from CEOs, go to http://businesstimes.com.sg STAND HIGHER Join the World Class Professor Milind Rao PhD, Columbia University Professor of Business Practice, Department of Economics HKUST Business School Join our SAMPLE CLASS THE US-CHINA-JAPAN NEXUS Synopsis: In the past two decades there has arisen a250 words
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MALAYSIA/INDONESIA
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Article, Illustration699 2014-05-05 14 Unit hires traders, be intermediary for business between Asia and Middle East Bloomberg [KUALA LUMPUR] Islamic Development Bank (IDB), the Saudi Arabia-based multinational lender, is seeking to boost trading in Syariah-compliant products by opening an office in Malaysia. Islamic Cooperation for the Development ofBloomberg; PHOTO: BLOOMBERG - 699 words
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563 2014-05-05 14 Offers reach US$6.1 b, almost doubling March’s US$3.5b Bloomberg [KUALA LUMPUR] Worldwide sukuk sales surged in April, setting the stage for a record year as Middle East issuers fund infrastructure projects and Malaysian companies take advantage of falling borrowing costs toBloomberg - 563 words
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Article1343 2014-05-05 14 VOL May 2 RM +/-(‘000) Abric Bhd {'000) Advance Synerg 0.14 unch 87 Adventa Bhd -0.01 Ae Multi Hldgs 0.21 0.01 262 Affin Holdings 3.73 -0.04 230 Ahmad Zaki Res -0.01 Airasia Bhd 2.20 -0.02 ***** Alliance Finan 4.47 -0.01 1738 Aluminium Co unch Amalgamated In 0.31 unch1,343 words
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248 2014-05-05 14 Bloomberg [ASTANA, Kazakhstan] China’s economic slowdown is weighing on the outlook for Indonesia’s exports even as the South-east Asian nation’s trade balance improves, Finance Minister Chatib Basri says. “What we need to watch carefully is the slowdown in China,” Dr Basri said last Friday inBloomberg - 248 words
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Page 14 Advertisements
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Advertisement1164 2014-05-05 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices 1 RICKMERS MARITIME Registration Number: *****03 (Constituted under the laws of Singapore) Managed by Rickmers Trust Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Rickmers Maritime will1,164 words
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CHINA/INDIA
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Article, Illustration563 2014-05-05 15 FRANK CHEN - Potential industrial hubs will need lots of grads: economist By FRANK CHEN EJ Insight [HONG KONG] It’s enough to daunt even the greatest optimist. This spring, 7.27 million college graduates in China embark on an annual rite of passage made tougherEJ Insight; PHOTO: REUTERS - 563 words
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313 2014-05-05 15 BETSY TSE - By BETSY TSE EJ Insight [HONG KONG] With Alibaba’s Yu’E Bao leading the charge, hundreds of billions of yuan have flowed from banks to Internet money market funds over the past year. The product basically aggregates small individual accounts into a big lumpEJ Insight - 313 words
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525 2014-05-05 15 It sees little hope for foreign multi-brand stores under next govt AFP [NEW DELHI] Carrefour, the world’s second-largest retailer, is working on a plan to exit India, media reports said, amid political uncertainty about the future of multi-brand retail in the South AsianAFP - 525 words
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Page 15 Advertisements
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Advertisement188 2014-05-05 15 Navigate change without changing course. As markets evolve, investors need to think differently about how to pursue and meet their long-term financial goals. Fortunately, today's market of bonds has much to offer, particularly for managers with strong expertise, global reach and a diverse toolset to help avoid pitfalls while seizing188 words
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WORLD
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Article, Illustration984 2014-05-05 16 Deputy governor tells bankers it would be dangerous to ignore rise Reuters [LONDON] The Bank of England’s starkest warning so far about Britain’s booming house prices is likely to be followed by cautious measures, possibly as soon as next month, as policymakers testReuters; PHOTO: BLOOMBERG - 984 words
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419 2014-05-05 16 Treasury pledges light enforcement of Fatca for 2 years Bloomberg [WASHINGTON] The US Treasury Department is pledging two years of light enforcement of new tax rules for overseas banks as long as the financial institutions make a good-faith effort toBloomberg - 419 words
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Article, Illustration638 2014-05-05 16 Bloomberg [NEWARK] Switzerland has urged the US authorities to conduct a “fair and balanced process” in the Department of Justice’s crackdown on Swiss banks that helped Americans evade taxes. The government is seeking to ensure that “Swiss banks aren’t treated worseBloomberg; PHOTO: AFP - 638 words
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Article, Illustration729 2014-05-05 16 NYT [NEW YORK] Wall Street banks have a special loathing for a new and arcane rule, and they have gone to extraordinary lengths such as helping to write a bill that is currently in Congress to neuter it. But inNYT; PHOTO: BLOOMBERG - 729 words
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Article, Illustration480 2014-05-05 17 ANTHONY ROWLEY - It also pledges to further strengthen Chiang Mai Initiative By in ANTHONY ROWLEY in Astana FINANCE ministers from Asean+3 countries, meeting on the sidelines of the Asian Development Bank’s annual meeting in Astana, yesterday warned that “high levels of public and private debt”PHOTO: BLOOMBERG - 480 words
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BRIEFING
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122 2014-05-05 17 Reuters [TOKYO] Japan is considering expanding tax breaks and loosening some rules to promote investment in start-ups as part of the second instalment of the government’s economic growth strategy, the Nikkei newspaper reported. Japan is also likely to say next month that it willReuters - 122 words
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147 2014-05-05 17 AFP [SYDNEY] The Australian Budget later this month will involve “tough decisions” to put the economy back on track, a senior minister said yesterday as a poll revealed a voter backlash against any new tax to cut debt. Australia has enjoyed more than 20 yearsAFP - 147 words
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90 2014-05-05 17 Bloomberg [BEIJING] China National Nuclear Power Co plans to sell 3.651 billion shares in an initial public offering (IPO) on the Shanghai Stock Exchange. The state-owned company is looking to use 16.25 billion yuan (S$3.3 billion) of the proceeds to build four projects andBloomberg - 90 words
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Article, Illustration681 2014-05-05 17 ANTHONY ROWLEY - China holds talks with S’pore, M’sia and Australia; US and Japan left out By in ANTHONY ROWLEY in Astana A CHINA-LED plan to create a US$50 billion Asia Infrastructure Investment Bank (AIIB), probably headquartered in Hong Kong, has stirred up controversy at the annual681 words
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603 2014-05-05 18 Sector’s rebound from housing crash reflects pick-up in economic growth Reuters [LOS ANGELES] When the US economy crashed in 2008, following the implosion of the housing market, Dave Klein’s southern California construction company almost folded. Overnight, he went from employing 40 construction workers toReuters - 603 words
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534 2014-05-05 18 Reuters [NEW YORK] Slightly less than half the economists at Wall Street’s top firms continue to expect the Federal Reserve to raise interest rates in the first half of 2015 following news the economy in April created the most monthly jobs inReuters - 534 words
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Article, Illustration1055 2014-05-05 18 ‘Going to war’ would not have been productive Reuters [OMAHA, Nebraska] Warren Buffett defended his recent controversial vote on executive pay at Coca-Cola Co and disappointing performance at railroad BNSF, as investors grilled him on his Berkshire Hathaway Inc conglomerate at its annualReuters; PHOTO: REUTERS - 1,055 words
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276 2014-05-05 18 Bloomberg [NEW YORK] Warren Buffett, who made a US$5 billion investment in Bank of America Corp, said he’s confident the lender will overcome an accounting mistake that forced the firm to suspend its capital plan last week. “That error they made does not botherBloomberg - 276 words
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Page 17 Advertisements
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Advertisement351 2014-05-05 17 ACCA SI ACCA Singapore al Conference 9 A UTURE PROOFING BUSINESS AND THE ACCOUNTANCY SECTOR 12 May 2014 Monday 9am 5.30pm 7.5 CPD Units Raffles City Convention Centre www.accaannualconference.sg Future-proofing is not an option, it is your insurance against extinction. 9 9 Magnus Undkvist, Futurologist Globally, the business landscape is351 words
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Page 18 Advertisements
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Advertisement168 2014-05-05 18 Join us on 17th May 2014 to learn how average individuals can generate passive income consistently without looking at charts news. This can be achieved by investing in great companies which will grow in value and pay you profits for a lifetime. Over 6 content-packed hours, you will discover: How168 words
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Advertisement97 2014-05-05 18 th n Editio 11 14 September 2014 Singapore EXPO Hall 5 11am 10pm Daily Participate in Singapore’s BIGGEST Showcase Of Food Products Sell local international food products to over 250,000 visitors during the September school holiday period! Book Your Space NOW! *Limited Booths Available! For more information, call *****620 or97 words
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AVIATION/SHIPPING
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Article, Illustration571 2014-05-05 19 Competition from A350 XWB and Boeing 787 could bite after 2016 Reuters [PARIS] Airbus warned on Friday that it faces increased challenges in managing the order book for its A330 wide-body jet beyond 2016, highlighting the stakes involved as the European planemakerReuters; PHOTO: YEN MENG JIIN - 571 words
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Article, Illustration513 2014-05-05 19 Lifting of sanctions will offer billions to Airbus, Boeing Reuters [ANKARA] Barred by sanctions from buying Western airliners since the 1970s, Iran has pent-up demand for 400 new planes, Teheran’s top aviation official was reported as saying, offering potentialReuters - 513 words
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639 2014-05-05 19 Reuters [FRANKFURT] German shipyards expect orders to rise this year as they focus more on high-tech vessels for oil and gas exploration and for installing and servicing offshore wind farms, and as the global shipping industry emerges from a five-year slump.Reuters - 639 words
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Article245 2014-05-05 19 SGX '000 May 02 S$ +/-Vol Ch Offshore 0.41 -0.01 280 Chuan Hup Hldg 0.27 unch 44 Cosco Corp 0.73 0.01 1844 Cwt Limited...............1.46 0.01 168 Ezra Hldgs 1.07 0.02 2435 First Ship Lea 0.10 unch 864 Grand Banks 0.28 0.01 2825 Jaya Hold Ltd 0.80 0.01 2642245 words
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279 2014-05-05 19 Reuters [NEW YORK] American Airlines, United Airlines and the World Trade Center leaseholder do not have to pay a property developer environmental clean-up costs from the Sept 11, 2001, hijacked plane attacks, a US appeals court ruled on Friday. The 2nd USReuters - 279 words
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Advertisement99 2014-05-05 19 Show2014 t 29 May 1 June 2014 SUNTEC Singapore Halls 401-406 Why Exhibit? Leverage on an unrivalled publicity campaign. Sell your tech products and services to over 800,000 consumers directly. °s^Su A vaUab\^ For more information call *****620 or Email: sales@exhibitsinc.com.sg Our IT Shows: -f show ICOMIKI C° NSUM <99 words
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Advertisement53 2014-05-05 19 Find essential solutions and services to achieve your business goals more cost-effectively! L i.: I Payroll n ’nltfrutoparf IIBBDI r ASIA 16 18 July 2014 Marina Bay Sands, Singapore Sands Expo and Convention Center Level 1, Hall A B Register at www.OfficExpoAsia.com/visitl Organised By BIZLINK Exhibition Services Pte Ltd A53 words
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Page 19 Miscellaneous
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Miscellaneous330 2014-05-05 19 CRYPTIC CROSSWORD Across 1 Agree to exchange letters (10) 6 It stimulates one to start piano and stick with it (4) 10 Submariners may be upset if these charges are dropped (5) 11 Lights now required for those who get busy after dark (5,4) 12 Ordered to get round secure330 words
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DINING OUT
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Article, Illustration886 2014-05-05 20 JAIME EE - Life Is Beautiful delivers tasty bar bites via the deep South; just don’t expect to eat a full meal, says JAIME EE JAIME EE NEW RESTAURANT Life Is Beautiful Kitchen Bar 99 Duxton Road Tel: 9172 2740 Open for dinner only. Tues: 6pm to 12am.886 words
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Page 20 Advertisements
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SINGAPORE STOCKS
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Article4576 2014-05-05 21 Week ended: May 2 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 20 3.3 A-Sonic Aero 10.3 unch 2936 10.4 10.2 10.3 10.4 2.6 1.7 23.4 73.7 Vol 97.5 69 ABR 13.64,576 words
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Article574 2014-05-05 22 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 35 22 t 3Cnergy 500 Last Vol 1.9 0.9 t Advanced Systems 0.9 -0.1 46 0.9 0.9 0.9 1 17.5 Last Quote Div Gr574 words
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Article125 2014-05-05 22 Stock name Close Change CapitaLand 3.140 -0.060 CapitaMall Trust 2.010 +0.015 CapitaMalls Asia 2.210 CityDev 10.900 +0.070 ComfortDelGro 2.070 -0.050 DBS Grp 17.170 +0.230 Genting Sing 1.320 -0.005 Global Logistic 2.810 -0.040 Golden Agri-Res 0.615 +0.005 HPH Trust USD 0.675 -0.005 Stock name Close Change HongkongLand125 words
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Article1985 2014-05-05 22 Transaction date: May 2 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.25 unch 12 Vol Angang Steel 4.74 0.04 3624 Anhui Conch 29.25 0.45 ***** Anhuiexpresswa 4.27 0.05 1442 Asia Satellite Asm Pacific Baiyunshan Ph 22.80 -0.30 534 Bank Of China 3.39 -0.02 *****4 Bank Of E Asia1,985 words
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Article251 2014-05-05 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US40cd unch ***** 40.5 39 39.5 40 2633.8 Sale 328 191 TanChongInt HK323cd +3 222 323 310 317 323 9.7 3.3251 words
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Article186 2014-05-05 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 12 2 0 0 0 1 12 2 Manufacturing 46 99 28 14 13 5 60 112 33 Commerce 24 34 17 3 12 2 27 46 19 Tpt/Stor/Comms 14 22 7186 words
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Article1162 2014-05-05 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.5 -0.4 39 114 112 113.5 114 518.1 143 119 CIMB APAC Div 100S$D 129.7 -0.5 0 131 129.6 128.51,162 words
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Article123 2014-05-05 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 88,336 88,336 329,918 329,918 Manufacturing 1,307,325 311,788 1,619,113 532,704 57,131 589,835 Commerce 415,745 400,914 816,659 416,107 23,679 439,786 Tpt/Stor/Comms 414,356 4,932 419,288 707,119 563 707,682 Finance 105,520 2,738 108,258 1,115,688 961 1,116,649 Construction 282,489 221,816123 words
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Page 22 Advertisements
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Advertisement26 2014-05-05 22 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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Article629 2014-05-05 23 May 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.44 *****.75 *****.77 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****3 Sep14 *****.00 *****.00 *****.00 *****.00 0 8659 MSCI TAIWAN INDEX FUTURES SPOT 316.36 317.46 315.65 May14 314.50 318.40 314.00 316.80 3341 *****0 Jun14 316.10629 words
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373 2014-05-05 23 In local curr In S$ In US$ dy yr dy yr dy yr May 2 Index Change Change Change Change Change Change World Preliminary 1198.6 0.0 1.2 0.0 1.0 0.0 1.7 EAFE Preliminary 954.0 -0.1 -0.2 0.0 0.6 -0.1 1.3 Europe Preliminary 1388.0 -0.2 2.4373 words
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Article471 2014-05-05 23 May 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.017 5.805 0.669 7.190 55.816 106.878 0.950 9.563 3.028 1.074 91.562 41.269 1.162 9.748 0.816 27.989 30.038 0.549 0.927 Canada 0.983 5.709471 words
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Article30 2014-05-05 23 May 2 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth Source: Thomson Reuters30 words
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Article84 2014-05-05 23 May 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.31 101.35 101.35 5-Year NX*****W 2.5 01-Jun-19 105.36 105.50 105.40 10-Year NX*****H 2.750 01-Jul-2384 words
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Article138 2014-05-05 23 May 02 GOLD(US$/oz) May 02 Apr 30 Hong Kong 1289.00 1292.00 May 02 May 01 London 1302.23 1282.00 1302.92 1282.55 Source: Thomson Reuters CAST BAR May 02 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 311 256 10gm 579 515138 words
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Article57 2014-05-05 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 2582.057 words
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Article155 2014-05-05 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 1.6893155 words
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Article121 2014-05-05 23 As at 9am 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 foreign121 words
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Article154 2014-05-05 23 May 2 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.20 0.10 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12154 words
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Article109 2014-05-05 23 May 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1480.75 1473.50 1483.75 1465.00 Jul 14 1470.75 1461.00 1472.00 1451.00 Aug 14 1407.00 1399.75 1409.00 1392.00 Sep 14 1281.50 1281.25 1287.00 1274.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14109 words
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Article94 2014-05-05 23 May 2 COCOA (£/tonne) Close Prev High Low May 14 1806 1808 1809 1801 Jul 14 1822 1822 1825 1815 Sep 14 1825 1825 1828 1819 Dec 14 1823 1822 1826 1816 COFFEE(US$/tonne) Close Prev High Low May 14 2149 2178 2173 2157 Jul14 2154 2173 2173 2153 Sep94 words
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1152 2014-05-05 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 35 -21 22 0.3 1 79 0.61 50 Asia-Pacific Strategic W*****6 Ratio Exer Albedo Limited W*****9 Prem Asiatic Grp(Hldgs) Ltd W*****5 2.2 unch 456 0.0 2 16 Asiatravel.com1,152 words
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Article70 2014-05-05 23 CRUDE OIL PRODUCTS May 01 CRUDE (FOB origin) US$/barrel 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 Basket70 words
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Article22 2014-05-05 23 May 2 S$ Bid Offer 1-month 1.2529 1.2530 2-months 1.2529 1.2530 3-months 1.2529 1.2530 6-months 1.2527 1.2529 Source: OCBC22 words
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Article66 2014-05-05 23 May-02 May-02 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1742.50 1742.25 3 months 1786.00 1785.00 Copper, Grade A(US$/tonne) Cash 6755.50 6674.00 3 months 6719.00 6645.00 Lead(US$/tonne) Cash 2071.00 2067.25 3 months 2091.00 2090.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months66 words
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Article2237 2014-05-05 24 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE2,237 words
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Page 24 Advertisements
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Advertisement39 2014-05-05 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times Shpping Dues39 words
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Page 25 Advertisements
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Advertisement238 2014-05-05 25 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL238 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration800 2014-05-05 26 AMIT ROY CHOUDHURY - The German software firm transits to cloud technology with its Hana platform, reportsAMIT AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT THE adage, if you can’t beat them, then join them, applies as much to technology as it does to anything else. Established enterprise software giants, whose business800 words
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763 2014-05-05 26 AMIT ROY CHOUDHURY - Cloud services starting to replace, not complement, traditional licensed software BY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT A NEW study by Forrester Research shows that the public cloud market will reach US$191 billion by 2020, up from US$58 billion in 2013. Cloud763 words
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583 2014-05-05 26 VICTORIA H0 - BY VICTORIA H0 THE spate of hacktivist attacks on Singapore government and media sites late last year were significant enough to cause a spike in Akamai’s quarterly Internet intrusion records for the Asia-Pacific region. The Internet network services firm noted that much583 words
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Article, Illustration871 2014-05-05 26 VICTORIA HO - By VICTORIA HO AN F1 team’s operations are not unlike that of a well-oiled factory. The high pressure to deliver parts on time and iron out the slightest inefficiencies power a constant chase to tune and re-tune operations to keep ahead of871 words
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Article, Illustration1166 2014-05-05 27 CHRISTOPHER LIM - Improvements in battery life are features to check out in Samsung’s S5 and its Gear wearables <cool stuff> CHRISTOPHER LIM limchris@sph.com.sg @ChrisLimBT BT Digital Editor THE specification is dead. That is, except in the world of Android phones, where megapixels and megahertz remain core marketing1,166 words
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Page 27 Advertisements
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Advertisement374 2014-05-05 27 May The Best Employee Win: Achieving Your Full Potential, Who should attend: Human resource, communications, marketing, talent retention, sales; managers, supervisors, team leaders, department heads, executives, business owners, and anyone who wishes to grow a successful career. 2014 MAY SERIES FULL-DAY WORKSHOPS Supervising and Motivating Gen X and Y Staff374 words
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Advertisement436 2014-05-05 27 TOSHIBA Leading Innovation »> Toshiba recommends Windows 8 Pro. ck0HU< o Thin. Light. Smart. EMPOWER YOUR BUSINESS WITH SECURE RELIABLE NOTEBOOKS ALL DAY LIFE J UP TD d hrs* PORTEGE Z30 Ultrabook" BATTERY 1.20kg Ultra Thin. Ultra Light reddot award 2014 winner The new Portege Z30, lightest in its class,436 words
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Page 28 Advertisements
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Advertisement870 2014-05-05 28 It’s SPH’s 30th anniversary! Celebrate with us and you could be one of our 30 lucky winners. All you need to do is to enter our lucky draw now. If you are a direct subscriber of SPH newspapers, you get 5 chances to win! Hurry, contest ends on 18 May870 words
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