The Business Times, 6 May 2014

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Microfilm: NL33137
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, May 6, 2014
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  • Article
    Lock icon Markets, not economy, make Europe’s day
    959 1  -  Economists, market strategists concerned over divergence of asset prices, economies By NEIL BEHRMANN in London FINANCIAL markets have had good cause to celebrate Europe Day, but with the exception of Germany, eurozone economies have little to cheer. The divergence of European financial asset prices
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  • Article
    Lock icon Bukom a casualty as Shell writes off assets
    524 1  -  But petrochem ops here not affected by US$2.3b write-off By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] Shell’s 500,000-barrel-per-day Bukom refinery, the group’s largest globally in crude distillation capacity, has taken a big hit: The Anglo-Dutch group is writing off US$2.3 billion in refining assets,
    524 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,241.60 (-10.95) HST INDEX FUTURES 3,232.00 (-11.00) HSIMSCI 367.68 (-1.38) HSIMSCI FUTURES 365.60 (-2.80) US$ S$ US$ (S$ per US$) 1.250 (US$/S$ per 1.687 2.108 EURO (US$/S$/€ 1.387 1.734 Foreign currency per US$ S$ YEN 102.10 81.70 RM 3.255 2.604 HK$ 7.753 6.203 BAHT 32.34 25.87 RUPIAH
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    • Article
      Lock icon MARKETS
      45 1 Monday Change KL COMP 1,860.54 -8.54 NIKKEI 225 Closed HANG SENG 21,976.33 -284.34 SET INDEX Closed JAKARTA COMP 4,842.50 +3.74 MANILA COMP 6,766.46 +23.49 SEOUL COMP Closed SHENZHEN B 823.05 -5.52 MUMBAI IND 22,445.12 +41.23 12noon EDT Change DOW 16,515.75 +2.86 NASDAQ 4,130.23 +6.33
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA JAPAN TAIWAN KOREA JAPAN 1.475 KOREA 9.33 SWITZERLAND 0.50 INDIA 3.25 Source: Bloomberg
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      110 1 COMPANIES Genting Singapore’s Q1 profit up 97% PAGE 6 GENDER DIVERSITY A woman as DBS CEO? Why not? PAGE 9 ASIAN LEADERS Spa Esprit founder Cynthia Chua PAGE 11 PROPERTY 22 office units at Parkway Centre on offer PAGE 12 SMEInc Home-grown headphone store Jaben moves up value chain PAGE
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  • TOP STORIES
    • Article, Illustration
      Lock icon PERIPHERAL EUROPE’S LONG WINTER
      32 2 Current as of March 2014, or latest available Current as of March 2014, or latest available Source: Eurostat and Bloomberg BT Graphics: Kenneth Lim, Sunan Ang Noordin Ayob
      Source: Eurostat and Bloomberg; BT Graphics: Kenneth Lim, Sunan Ang & Noordin Ayob  -  32 words
    • Article
      Lock icon EU to send SME missions to S’pore under pilot programme
      621 2  -  EU-S’pore FTA paves way for Republic to be used as launch pad to S-E Asia By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT [SINGAPORE] The European Union (EU) will soon be bringing its SMEs to South-east Asia, using Singapore as a base, strengthening
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    • Article
      Lock icon THREE-MINUTE DIGEST
      392 2 Markets make Europe’s day FINANCIAL markets have had good cause to celebrate Europe Day, but except for Germany, eurozone economies have little to cheer. FRONT PAGE Bukom casualty in Shell asset write-off SHELL is writing off US$2.3 billion in refining assets, most of it for its 500,000-barrel-per-day Bukom
      392 words
    • Article, Illustration
      Lock icon China’s reforms continue to be slow, safe and steady
      855 2 Beijing has gone in for gradual progress on many fronts Reuters AFP [BEIJING] Six months into China’s grand economic makeover, Beijing is playing it safe, choosing gradual progress on many fronts over game-changing, riskier reforms such as removing all controls over
      Reuters; AFP; PHOTO: BLOOMBERG  -  855 words
    • Article, Illustration
      Lock icon SMU's focus on areas of excellence propels it to the top
      1072 3  -  Written by Narendra flggarwal SMU tops global rankings As a relatively young university with a 14-year track record, Singapore Management University (SMU) is pleased that its Master of Science in Wealth Management has been ranked second in the world
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    • Article, Illustration
      Lock icon Experts to debate possible changes in Indian financial system
      564 3 PROFESSOR DAVID LEE Director of the Sim Kee Boon Institute for Financial Economics Singapore Management University China and India, the new Asian powerhouses, are increasingly becoming more important for Singapore as it grows as a leading global financial centre. The Republic
      564 words
    • Article, Illustration
      Lock icon Singapore-lndia Business Dialogue 2014
      303 3 The second Singapore-lndia Business Dialogue (SIBD) being organised by Singapore Management University (SMU) at its campus on 21 May 2014 will focus on ‘The Changing Financial Landscapes in Singapore and India'. The annual conference is part of SMU’s India Initiatives launched in October 2012, when the
      303 words
    • Article, Illustration
      Lock icon Singapore’s April PMI up at 51.1, highest since Oct
      660 4  -  Electronics index registers a decline, but sector still in expansionary mode By KELLY TAY By kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Singapore’s factories were the busiest they’ve been in six months, with the latest purchasing managers’ index (PMI) rising to 51.1 in April a
      Source: Singapore Institute of Purchasing & Materials Management  -  660 words
    • Article, Illustration
      Lock icon Service sector growth in April at 8-month high
      585 4 ISM index surges more than expected to 55.2 from 53.1 LATEST US DATA Bloomberg [WASHINGTON] Service industries expanded in April at the fastest pace in eight months, a sign the biggest part of the US economy will bolster growth this quarter. The
      Bloomberg; PHOTO: AFP  -  585 words
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      218 4 f NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School Wharton University of Pennsylvania Aresty Institute of Executive Education ,T I THE NANYANG-WHARTON SENIOR LEADERS PROGRAMME A COLLABORATION BETWEEN NANYANG BUSINESS SCHOOL AND THE WHARTON SCHOOL AEINVENTJNG THE UIRjJ Nanyang Technological University (NTU) is ranked 41st in the world and also placed 2nd
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      383 4 0:’ 7A%> 9B3*51 $#?A 2A@#?A ;4( G $A%;= !A? =<4?A+ Kim Heng Offshore Marine Holdings Limited (“Kim Heng”, or the “Group”), an established one-stop offshore and marine solution provider, is pleased to announce that its proposed dividend of 0.5 Singapore cents per share for FY2013 has been approved at its
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      171 5 MORE SPACE. ALL LUXURY. THE NEW LEXUS ES. THE ESSENCE OF LUXURY. Experience absolute comfort anywhere you go with the new Lexus ES, even on long drives or busy roads, The world s best-selling Lexus sedan brings you class-leading spacious interior our competitors can only dream of, With a feature-rich
      171 words
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  • COMPANY NEWS
    • Article
      Lock icon SIA Engg’s Q4 profit dips to $65.2m
      318 6  -  Final dividend of 13 cents and special dividend of 5 cents per share proposed By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT SIA Engineering Company (SIAEC) posted a 1.1 per cent dip in fourth-quarter net profit to $65.2 million on lower dividends from long-term investments and
      318 words
    • Article, Illustration
      Lock icon Genting S’pore Q1 profit almost doubles
      426 6  -  $672m from gaming business lifts revenue 24% to $828.8m By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT INTEGRATED resort operator Genting Singapore posted a near doubling in firstquarter earnings, thanks to the strong performance of its gaming business. For the three months ended March 31, net profit
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    • Article
      Lock icon OKP Q1 profit tumbles 55% on high costs
      282 6  -  By CARINE LEE carinel@sph.com.sg @CarineLeeBT OKP Holdings posted a 55.1 per cent decline in net profit to $1.07 million for the first quarter ended March 31, 2014, despite a 13.7 per cent increase in turnover. Turnover at the infrastructure and civil engineering
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    • Article
      Lock icon Self-exclusion system for non-casino gambling
      205 6  -  By SHEENA TAN tsheena@sph.com.sg SINGAPORE residents can now apply to voluntarily exclude themselves from selected non-casino gambling venues with the launch of a centralised self-exclusion system. Those who want to avoid using their phone betting accounts with Singapore Pools and Singapore Turf Club or who
      205 words
    • Article, Illustration
      Lock icon A woman as DBS CEO? Why not: Gupta
      453 9  -  Current chief says women are included in his succession plan By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT THE first female chief executive officer in a homegrown bank could come from DBS. The bank’s current CEO, Piyush Gupta, when asked yesterday at a women’s networking
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    • Article, Illustration
      Lock icon Oxley to launch project in Phnom Penh
      277 9  -  By JAIRA KOH jairakoh@sph.com.sg OXLEY Holdings and its Cambodian partner will be launching a 45-storey freehold mixed development in Phnom Penh by the end of the month, with prices starting from US$150,000. The Bridge, a residential and commercial project, occupies a land area
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    • Article
      Lock icon Middle East bankers seeking new jobs
      226 9 Bloomberg [DUBAI] Banking and finance professionals in the Middle East plan to seek new jobs this year after bonuses failed to meet expectations, according to eFinancial Careers (efc). Almost 60 per cent of the region’s financial services employees plan to change position, with 45
      Bloomberg  -  226 words
    • Article
      Lock icon KGI Ong Capital plans Singapore expansion
      482 9  -  Drive by Taiwan’s KGI Securities to boost S-EA presence By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT KGI Ong Capital, a unit of Taiwan’s second largest securities company KGI Securities, is bringing a Taiwanese presence to Singapore’s securities scene. A 2013 deal by KGI Securities to
      482 words
    • Article, Illustration
      Lock icon OUE Hospitality Trust DPU beats forecast
      380 10  -  Q1 distribution of 1.68 cents is 4.3% higher than projected 1.61 cents By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT OUE Hospitality Trust posted a distribution of 1.68 cents per unit for the first quarter ended March 31. This is 4.3 per cent higher than the forecast
      ST FILE PHOTO  -  380 words
    • Article
      Lock icon Temasek not raising offer price for Olam
      171 10  -  By JAMIE LEE leejamie@sph.com.sg@JamieLeeBT TEMASEK Holdings does not intend to raise its offer price for Olam International. This was announced yesterday by financial advisers of Breedens Investments, an indirect wholly owned subsidiary of Temasek Holdings that launched the offer. In March, Temasek launched
      171 words
    • Article
      Lock icon Results snapshot
      133 10 Reported on May 5,2014 REPORTING PERIOD COMPANY NET PROFIT/ LOSS Y-O-Y PROFIT CHNG EPS DPS LAST TRADED PRICE REVENUE Lippo Malls Indonesia Retail Trust Q1 $33,669m $16,741m (14.7) $0.44 $0.0068 $0.41 A decrease in gross rent and net property income, mainly due to the depreciation of IDR against
      133 words
    • Article
      Lock icon Forterra Trust narrows Q1 loss
      362 10  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT FORTERRA Trust’s firstquarter loss attributable to unitholders narrowed 38.6 per cent to $10.4 million, from $16.9 million a year ago. This translated to a loss per unit of 4.1 cents, against 6.7 cents previously. The business trust’s revenue for the
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    • Article
      Lock icon Gold’s appeal to speculators dims
      636 10 Bloomberg [NEW YORK] Speculators are the least bullish on gold in 2 1/2 months on mounting confidence that US economic growth is accelerating out of its winter retreat. Money managers cut their net-long position in bullion to the smallest since mid-February during the week ended
      Bloomberg  -  636 words
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      135 6 mm i 9 I M WV.W FM bsv'mIM IOSS92 ira •t y < one p/ace I «$oM A// thegr^otsongsm it Cl M V .7 i V w v 5592 BUCKET LIST S 1 [2 6*0 oh (K US as r 0 6 a luaratloi'v 1 >7 i ,.b" 0 1
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      183 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.
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI pauses before Yellen testimony
      473 8  -  Banking stocks give up early gains amid market hesitation and profit-taking STOCKS KENNETH LIM kenlim@sph.com.sg @KennethLimBT Correspondent THE banks took a pause on a quiet Monday as overseas events on the horizon kept investors in Singapore hugging the sidelines yesterday. The Straits Times Index slipped
      Source: Bloomberg  -  473 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 May 5 VALUE CLOSE BT OB/OS -232.00 -102.00 BT CADI -*****.00 -84.00 BT 10-day MA -*****.00 -23.00 FTSE ST Mid Cap 758.71 -0.16 FTSE ST Small Cap 541.45 -1.35 FTSE ST All Share 788.74 -2.19 FTSE ST China Top 200.71 +0.18 FTSE ST China 229.06 -0.24 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      61 8 VOLUME Amplefield R 89,232,000 Cacola 88,744,000 HanKore Env 68,108,000 Memstar Tech 59,824,000 APAC Strategic 52,836,000 KLW Hldgs 47,630,000 Charisma Energy 45,148,000 GP Hotels 29,316,000 Teledata 29,230,000 Armarda 28,383,000 VALUE($) UOB 48,307,741 SingTel 40,989,816 DBS Grp 34,190,270 CapitaMalls Asia 31,312,050 Sembcorp Marine 31,048,880 Keppel Corp 29,783,450 OCBC Bank
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 4 0 0 0 4 7 4 Manufacturing 41 54 42 7 7 11 48 61 53 Commerce 16 18 25 2 6 4 18 24 29 Tpt/Stor/Comms 12 20 9
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    • Article
      Lock icon BROKERS’ TAKE
      977 8  -  Compiled by KENNETH LIM Thai Beverage Public Co May 5 close: S$0.60 OCBC Investment Research, May 5 THAI Beverage (ThaiBev) is Thailand’s largest and leading beverage producer and distributor. Its four key product segments are Spirits, Beer, Non-Alcoholic Beverage and Food. ThaiBev has substantial market shares in beverage
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,494 13,494 47,296 47,296 Manufacturing 425,398 103,356 528,754 118,296 10,762 129,058 Commerce 77,792 66,055 143,847 46,208 4,890 51,098 Tpt/Stor/Comms 76,317 1,069 77,386 98,403 117 98,520 Finance 13,625 575 14,200 119,356 201 119,557 Construction 49,119 64,753
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      116 8 Stock name Close Change CapitaLand 3.100 -0.040 CapitaMall Trust 2.000 -0.010 CapitaMalls Asia 2.200 -0.010 CityDev 10.78 -0.120 ComfortDelGro 2.050 -0.020 DBS Grp 17.17 Genting Sing 1.310 -0.010 Global Logistic 2.790 -0.020 Golden Agri-Res 0.615 HPH Trust USD 0.675 HongkongLand USD 6.800 JMH 400 USD 61.46
      116 words
    • Article, Illustration
      Lock icon Yen hits 2-week high on HSBC China PMI
      468 8 CURRENCIES Bloomberg [LONDON] The yen climbed for a second day against the US dollar yesterday, advancing to a two-week high, as a private report showing Chinese manufacturing contracted more than economists estimated last month spurred demand for safer assets. The Japanese currency
      Bloomberg; PHOTO: BLOOMBERG  -  468 words
    • Article
      Lock icon RISES
      117 8 BY CENTS CLOSE UP GLD 10US$ ***** 346.1 2.2 DBXT iBoxxUSTr 5US$ ***** 129.9 0.5 DBXT iBoxxSvEu 5US$ ***** 116.2 0.3 DBXT Nifty 10US$ ***** 112.5 0.8 Lyxor ThaiSET 10US$ ***** 87.5 0.6 Lyxor Indonesia10US$ 8876 31.2 0.3 DBXT DBLCI-OY 5US$ 3503 22.5 0.5 DBXT EONIA 5US$ ***** 22.5
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    • Article
      Lock icon FALLS
      129 8 BY CENTS CLOSE DOWN SPDR DJIA 10US$ ***** -139.9 -0.7 DBXT FTVietnam 10US$ 2678 -104.9 -3.0 Jardine C&C 4495 -104.0 -2.3 DBXT E50 10US$ 5394 -62.5 -0.9 Venture Corp 724 -48.0 -6.2 DBXT AUDCS 5SG$ ***** -42.0 -0.2 UOB.ES.1405 2141 -40.0 -1.8 DBXT MSKorea 10US$ 6242 -35.0 -0.4 SPDRS
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      144 9 WORLD CUP RLD P Calling CEOs to score for Charity We are looking for 32 CEOs to take part in The BT-Coca-Cola Charity Drive, where you can use your corporate funds set aside for charity in a creative way! Each CEO will be assigned one of the 32 teams by
      144 words
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      187 9 Opens Tomorrow! r The 9 th Occupational Safety+Health Exhibition for Asia Keep Safety In Mind! 0 7-9 MAY 2014 10.00am 6.00pm Suntec Singapore Halls 402 and 403 Concurrent Events The Singapore WSH Conference 2014 THE SINGAPORE CONFERENCE 2014 7 &8 May2014 www.singaporewshconference.sg IE3B The world authority in powered access I
      187 words
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      107 10 INTOThe YEAR! th Invest Fair continues to maintain its reputation as the LARGEST local investment exhibition with over 40 local and international exhibitors, over 50 free seminars, over 5 educational workshops and an average of 20,000 visitors over the weekend. 2nd-3rdAUG 2014 SINGAPORE suntec CONVENTION EXHIBITION CENTRE Malaysia MID Valley
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      34 10 MAY ISSUE OUT NOW! INTHISISSUE "4908:0(( 038&;-0875&: :9**8*68 EASY VIDEO EDITING WITH FREE! Receive a set of Red Monster Gangnam Power 3000 worth $119.80 with a 1-year print subscription while stocks last. 5<!<= www.hardwaremag.com
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      Lock icon Page 10 Advertisements Column 3
      66 10 www.comexshow.com.sg SINGAPORE’S LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IS BACK! 28 31 August 2014 SUNTEC Singapore Levels 3, 4 6 Sell your tech products services to over 600,000 consumers directly Leverage on an unrivalled publicity campaign Book Your Space NOW! *Limited BoothsAvailable (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR,
      66 words
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      104 10 I Wm j^lhh.imhcA Culinary Institutes f. Kitchen Equipment Institutional Caterer Are you a vendor for any of the above categories? Food Services w in Asia 2014^ c±3 fl*** Better Selections 23-25 June 2014 Suntec, Singapore Looking for More Business Opportunities in the Healthcare Sector? Our event provides you an excellent
      104 words
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  • ASIAN LEADERS
    • Article, Illustration
      Lock icon Restless for global success
      1368 11  -  Spa Esprit founder Cynthia Chua is banking on her passion and fearless streak to make her brands international, reports FRANCIS KAN FOR a woman who has built a multi-million dollar business around pampering the body or satisfying picky taste buds, Cynthia Chua rarely has time to
      ARTHUR LEE  -  1,368 words
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      85 11 •Pr r p c *-> 'XU 1 in c^T .KS'^UVc Oo'Ak k_ J°°u i s b&s-f~ leJrr "Wlk, Lim Say Boon Chief Investment Officer DBS Private Bank Best Local Private Bank, Singapore 2014, Euromoney Best Private Bank, Singapore 2013 Professional Wealth Management/The Banker Start a conversation with us at +65
      85 words
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  • SINGAPORE NEWS
    • Article
      Lock icon EMA set to ease curbs on big power players
      668 12  -  Vesting contract level to fall to 16% in 2015-16, from 40% now By RONNIE LIM ronnie@sph.com.sg THE threat of power market manipulation by big players here has receded. Following the recent availability of liquefied natural gas feedstock plus increased electricity supplies
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    • Article
      Lock icon Productivity council gets 12 new faces
      687 12  -  Members cover wider spectrum of industries By CHUANG PECK MING peckming@sph.com.sg The National Productivity and Continuing Education Council will have 12 new faces as it moves to broaden the platforms for productivity growth and worker engagement. Together with 16 others who have just completed
      687 words
    • Article
      Lock icon Aurecon to expand S’pore HQ, hire more staff
      339 12  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT GLOBAL engineering consulting firm Aurecon is expanding its Asian regional headquarters (HQ) in Singapore and looking to triple its headcount here to about 200 in the next five years. While the investment amount could not be disclosed,
      339 words
    • Article, Illustration
      Lock icon Parkway Centre office units up for sale
      614 12  -  With 3% early-bird discount, they cost $1,649-$1,746 psf By KALPANA RASHIWALA kalpana@sph.com.sg@KalpanaBT TWENTY-TWO strata office units at Parkway Centre in the Marine Parade Central area have been put on the market at $1,700-$1,800 per square foot. Inclusive of a 3 per cent early-bird
      614 words
    • Article
      Lock icon City Harvest founder loses bid to have charges dropped
      244 12 Bloomb erg SINGAPORE’S City Harvest Church founder Kong Hee lost a bid to have charges for misappropriation of church funds dropped. Presiding Judge See Kee Oon said that prosecutors had made an adequate case and the trial should proceed. Kong and
      Bloomberg  -  244 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon James Andrade named new chairman of AmCham
        61 12 THE American Chamber of Commerce in Singapore (AmCham) elected James Andrade as its new chairman yesterday. The vice-president of research development and quality in the Asia-Pacific for food and snacks manufacturer Mondelez International replaces Simon Kahn, who has held the post since 2011.
        61 words
      • Article
        Lock icon SingTel’s Allen Lew appointed board member of EMA
        54 12 THE Ministry of Trade and Industry (MTI) has appointed SingTel CEO (Group Digital L!fe) Allen Lew as a new board member of the Energy Market Authority (EMA). The appointment takes effect from May 9. MTI has also re-appointed Chee Hong Tat as
        54 words
      • Article
        Lock icon Bibby Financial Services sets up Asia-Pac HQ in S’pore
        68 12 SME funding specialist Bibby Financial Services (BFS) yesterday announced the setting up of its Asia-Pacific headquarters here. The new regional headquarters will oversee BFS’s business activities in Singapore, Hong Kong, India, Australia and New Zealand. Ian Watson, BFS’s Asia-Pacific CEO, has
        68 words
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      605 12 In the Matter of The Companies Act, Cap. 50 And In the Matter of SILECS INTERNATIONAL PTE LTD (In Provisional Liquidation) (Company Registration No: *****3510W) NOTICE PURSUANT TO SECTION 291(4) STATUTORY DECLARATION BY DIRECTORS OF COMPANY’S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES LODGED WITH THE REGISTRAR OF
      605 words
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      327 13 CONGRATULATIONS TO /ffetf/o. LOGISTICS On The Grand Opening Of Your New Facility At Mapletree Benoi Logistics Hub Mapletree Logistics is delighted to be a part of your latest expansion in Singapore. i A V A, if aSSKKf Mapletree Benoi C 21 Benoi Sector Snoap jisticsHub p *****3 About Menlo Logistics
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  • SME Inc
    • Article, Illustration
      Lock icon Jaben moving up value chain
      1348 14  -  Headphone retail store also upping the ante with wholesale distribution, reports JAIRA KOH reportsJAIRA reportsJAIRA KOH jairakoh@sph.com.sg BEFORE the year is out, homegrown headphone store Jaben will add wholesale distribution to a retail business that is quickly dialling up the volume overseas. Among the brands
      PHOTOS: ARTHUR LEE  -  1,348 words
    • Article, Illustration
      Lock icon New solution for IT project delays, cost overruns
      799 14  -  The concept of prediction markets can help IT project managers make more accurate estimates THE VIEW FROM NTU PROFESSORS By NEERJA SETHI The writer is an award-winning teacher and faculty member of the division of information technology and operations management at NTU’s
      PHOTO: REUTERS  -  799 words
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      272 15 SCOTIA “Success is more than being a leading Real Estate Agency It’s about making dreams come true.” Top Achievers 2013 Jay Lee 9222 2691 Tan Leng Leng Monica Low Elwyn Gerard Frederick Low 9222 2661 9877 6257 9457 3137 9328 3217 Aldnck Loh Ling Goh SHIRLEY SOH r Jay Song
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Westports’ Q1 earnings jump 38% to RM109m
      484 16  -  Strong throughput growth signals that effect of P3 fallout may be mitigated By S JAYASANKARAN in Kuala Lumpur WESTPORTS Holdings, Malaysia’s second-largest port, has recorded a 38 per cent surge in net earnings to RM109.04 million (S$41.8 million) for its first quarter ended
      484 words
    • Article
      Lock icon Indonesia Q1 growth slowest in four years
      394 16 Reu ters [JAKARTA] Indonesia’s economy grew at its slowest pace in more than four years after an export mineral ban and aggressive interest rate rises to rein in a large current account gap cooled momentum. South-east Asia’s largest economy has taken bold measures
      Reuters  -  394 words
    • Article, Illustration
      Lock icon Najib: GST is bitter but necessary medicine
      459 16  -  By PAULINE NG In Kuala Lumpur PRIME Minister Najib Razak, facing major unhappiness on the ground over the Goods Services Tax (GST) due to be implemented next year, yesterday said the long-term gains of the consumption tax will outweigh its short-term pains. Speaking
      PHOTO: REUTERS  -  459 words
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      87 16 The SME Magazine coming to you with your copy of The Business Times tomorrow! IN THIS ISSUE EQUITABLE PARTNERSHIPS: How a business and its fund manager can make it a win-win combination NURTURING THE ENTREPRENEURIAL SPIRIT: Businesses can benefit from giving their staff room to innovate DISRUPTING THE SYSTEM: GrabTaxi
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      143 16 Attention Local Business Owners! Breach our to** 1.3MILLI0N POTENTIAL ■CUSTOMERS FOR FREE! ‘Average monthly visitors on STDirectory STDirectory.sg is offering a two-month free trial for an enhanced online directory business listing package to local businesses. This package includes: COMPANY LOGO COMPANY PROFILE Display your business logo to represent your company's
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      85 17 Delivering a performance that exhilarates; that inspires. That captures the spirit and soul through the power of sound alone. Sound that speaks to us on a visceral level, that stirs us from deep within, that awakens passions and inspires dreams. ME FEEL ALIVE. Violinist Min Lee I A V VI
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  • CHINA/INDIA
    • Article
      Lock icon Baosteel in US$1b Aussie firm buyout
      808 18 It and its partner will offer a 39% premium A$3.40 a share for Aquila Resources Reuters [SYDNEY] Chinese steel giant Baosteel Resources and an Australian partner launched a US$1 billion takeover bid for Australian explorer Aquila Resources in a move that could help break
      Reuters  -  808 words
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      Lock icon India companies hope Modi will usher in manufacturing revival
      1032 18 They expect labour reforms, power and better infrastructure Reuters [GURGAON, India] When Narendra Modi talks about creating jobs in labour-in-tensive manufacturing, textile entrepreneur Sudhir Dhingra hopes the Indian opposition leader means business. Mr Dhingra, who employs 30,000 workers in more than
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    • Article
      Lock icon Hindalco aims for record aluminium output
      295 18 Bloomberg [MUMBAI] Hindalco Industries Ltd, India’s second-largest aluminium producer, is targeting a record output of the lightweight metal this fiscal year to resurrect earnings estimated to have plunged to the lowest in nine years. Billionaire chairman Kumar Mangalam Birla plans to raise output by
      Bloomberg  -  295 words
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      85 18 26 29 June 2014 SUNTEC Singapore Halls 401 404 Looking to sell your food products, cooking solutions, kitchen appliances accessories to an expected turnout of 250,000 visitors? fb.com/singaporefoodshows Book Your Space NOW! *Limited Booths Available For more information call *****620 or Email: sales@exhibitsinc.com.sg foodandkitchen.com.sg Organised By: Our Food Shows: (Organiser
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      116 18 /<5i/ea u c Singapore Gifts Premiums Fair 2014 16 -18 July 2014 Marina Bay Sands, Singapore See a huge variety of new and innovative products on display providing inspirational promotional ideas! Tree Admission! Register at www.SGPFair.com/visit1 Z 9. J To Exhibit: Email: SGPFair@bizlink.com.sg Tel: (65) 6848 5939 www.SGPFair.com Organised By:
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      76 18 Hi ooyaoooai 0 26-28 May 2014 Traders Hotel, Yangon r Join us at the international property exhibition! Contact Lily at +65 6548 5372 or email at lily@sphereconferences.com to receive an exclusive invite* to the exhibiton *Terms and Conditions apply Building Realities Your gateway to trends and investment opportunities in Myanmar's
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      49 18 ACADEMY 2014 Participate in the NO. 1 CHILDREN'S EDUCATION SHOW! Suntec Singapore 6-8 June 2014 111 am 9pm BOOK NOW! Limited Booths available! I: For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg www.thekidzacademy.com.sg Organised by: sphere A SUBSIDIARY OF SfJl
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      762 19 0 i 0 I i t ft J E3!SE T if w *9 T*?rn^!r -m% ■BFH'FmF iff? 1^ ■mfsr KHIFff Iff! SflHS fttfcfif H IT ft iiAjtffi- bfp hit bt rtirrtt' -«Ec TTr? IfTf ETF HBrn tffirTf usra*H+IfRu fTR? fnffrflrfni s+fec BFRiiFrnt pf rnf ai Blriliii; Bffi Brrfitrtttf T+fi firWrffFFIrffj
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  • WORLD
    • Article
      Lock icon Ex-Fed vice-chairman predicts infighting, rattled markets
      595 20 Blinder sees FOMC members contradicting Yellen, wanting faster unloading of securities Reuters [NEW YORK] After an extended period of relative peace among members of the US Federal Reserve’s interest rate policy-mak-ing committee, fireworks will erupt in the coming months as they debate how to
      Reuters  -  595 words
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      Lock icon Slow wage growth ‘best gauge of US recovery’
      1084 20 Fed urged to focus on this in calibrating stimulus campaign NYT [NEW YORK] The single best gauge of the economic recovery better than the headline unemployment rate may be wage growth. So ignore April’s sharp drop in unemployment. Pay no attention to
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      Lock icon Celebrities boycott hotel chain over Brunei’s upcoming law
      405 20 Law seen as ignoring basic human rights draws condemnation AFP [KUALA LUMPUR] Celebrities including Virgin group founder Richard Branson have vowed to boycott a hotel chain linked to Brunei’s sultan after he introduced a controversial Islamic penal code in his country. Brunei’s
      AFP  -  405 words
    • Article
      Lock icon Longer-term Treasuries in short supply
      806 20 New pension fund rules seen creating US$300b demand Bloomberg [NEW YORK] In a world awash with US government bonds, buyers of the long-est-term Treasuries are facing a potential shortage of supply. Excluding those held by the Federal Reserve, Treasuries due in 10 years or more
      Bloomberg  -  806 words
    • Article
      Lock icon Germany hails Portugal move to eschew more aid
      206 20 AFP [FRANKFURT] German Finance Minister Wolfgang Schaeuble welcomed a decision by Portugal not to tap further credit from the European Union when the current bailout package comes to an end soon. “The announcement to exit the programme shows once again that the
      AFP  -  206 words
    • Article
      Lock icon No signs of bubble in EM’s corporate debt: JPMorgan
      460 21 Bank disagrees with IMF’s warning of rising risks in the bond market Bloomberg [NEW YORK] JPMorgan Chase Co, the biggest US bank by assets, sees no signs of a bubble in emerg-ing-market corporate debt, challenging the International Monetary Fund’s warning on
      Bloomberg  -  460 words
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      Lock icon Some US restaurants adopt no-tip policy
      530 21 AFP [NEW YORK] In the United States, customers are expected to add an extra 10-20 per cent to their tab at the end of a meal but increasingly restaurants are forgoing these tips. Leaving a gratuity is de rigueur when dining out because pay
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      Lock icon Dubai refinery, spot contract to shift gold industry east
      512 21 Reuters [DUBAI] In the desert on the outskirts of Dubai, one of the world’s biggest gold refineries is under construction. When completed next year, it will help to alter the balance of power in the global gold industry. Growth in demand
      Reuters; PHOTO: REUTERS  -  512 words
    • Article
      Lock icon Pfizer Q1 profit beats estimates
      289 21 Bloom berg [NEW YORK] Pfizer, the drugmaker trying to buy AstraZeneca in one of the biggest industry deals ever, reported profit that beat analyst earnings estimates as the company cut costs to offset falling sales. Pfizer reported first-quarter earnings, excluding one-time items, of 57 US
      Bloomberg  -  289 words
    • Article
      Lock icon Citigroup wins custody contract from Norway
      524 21 Mandate from fund is said to be one of the largest in sector Bloomberg [OSLO] Citigroup won a contract to deliver custody and securities-lending services to Norway’s US$866 billion sovereign wealth fund, the world’s biggest, displacing previous provider JPMorgan Chase Co. The mandate from
      Bloomberg  -  524 words
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      386 21 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KWONG SOON CHINGS TRADING (S) PTE LTD Company Registration No. *****2816W (In Members’ Voluntary Winding-Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of
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      0 21 ^>/~}].~|?<[%@"&):(:==;`@&\:--`
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      333 21 VASHION GROUP LIMITED (Co. Reg. No. *****6220H) (Incorporated in the Republic of Singapore) LOST CERTIFICATE Application has been made to the Directors of the abovenamed Company to issue replacement certificate in place of the following certificates which have been reported lostordestroyed:Certificate No. Name No. of Shares *****1 AGAM MIRUL AMRI
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  • AVIATION
    • Article, Illustration
      Lock icon Shell Aviation wins Seletar fuel contract
      417 22  -  It’ll be sole provider of refuelling ops, fuel storage management for 10 years By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SHELL Aviation has secured a 10-year contract to be the sole provider of refuelling operations and fuel storage management at Seletar Airport, with an option to
      417 words
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      Lock icon Etihad to give its A380s luxury touch
      632 22 Jets will have industry’s largest first-class suite Bloomberg [DUBAI] Etihad Airways PJSC said its Airbus Group NV A380s will target travellers seeking privacy and new levels of luxury when the jets join the fleet in December, months or years after flying with other
      Bloomberg  -  632 words
    • Article
      Lock icon Asia-Pacific cargo traffic up 6.9% in March: Iata
      543 22  -  By NISHA RAMCHANDANI By nishar@sph.com.sg@Nisha_BT CARGO traffic rebounded to climb 6.9 per cent year-on-year in the Asia-Pa-cific in March, but indications from the latest data of declining trade could hurt regional air freight demand, warned the International Air Transport Association (Iata). “Looking
      543 words
    • Article
      Lock icon New equipment to scour for MH370 up to 2 months away
      474 22 AFP [CANBERRA] It could be up to two months before new, more sophisticated equipment will be in the water to help the search for Malaysia Airlines (MAS) flight MH370 across what will be largely unmapped ocean floor, officials said
      AFP  -  474 words
    • Article
      Lock icon TRANSPORT STOCKS
      248 22 SGX '000 May 05 S$ +/-Vol Ch Offshore 0.42 0.01 235 Chuan Hup Hldg 0.28 0.01 139 Cosco Corp 0.73 unch 1670 Cwt Limited................1.50 0.04 695 Ezra Hldgs 1.07 unch 1037 First Ship Lea 0.10 -0.01 286 Grand Banks 0.27 -0.02 1412 Jaya Hold Ltd K1Ventures Chuan Hup
      248 words
    • Article
      Lock icon Siemens nears deal to sell airport unit to Wilbur Ross’ group
      293 22 Bloomberg [MUNICH] Siemens AG, Europe’s largest engineering company, is close to finalising an agreement to sell its logistics and airports solutions business to a group led by billionaire investor Wilbur Ross as it exits underperforming businesses, two people familiar
      Bloomberg  -  293 words
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      22 22 Wine and liquor brands get "endorsements" from restaurants and bars from restaurants and bars To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      363 22 CRYPTIC CROSSWORD Across 1 One striking on the square? (9) 8 Solo pad fairly disturbed for amusing ritual (5,5,3) 11 Film proving difficult? (5) 12 Equate liberal President once with Norway (5) 13 House showing sign of decay? Not at first (5) 16 Explosive material found by a friend in
      363 words
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  • Page 23 Advertisements
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      304 23 J A r 1 r 1 J J r r SAMSUNG NEW 12:45 Tue, 7 January J: Ml Swipe screen lo unlock I I ID 3 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
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  • EDITORIAL & OPINION
    • Article
      Lock icon Kuroda’s job turning into Herculean task
      489 24 EDITORIAL PITY Haruhiko Kuroda, governor of the Bank of Japan (BOJ), who finds himself faced with the task of trying to stoke the fires of inflation under a still soggy Japanese economy while also having to deal with a legacy of misguided monetary management.
      489 words
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      Lock icon Tossing aside of economics results in tragic waste
      788 24  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT ON WEDNESDAY, I wrapped up the class I’eve been teaching all semester: “The Great
      NYT  -  788 words
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      Lock icon Macro now matters for private equity
      980 24  -  Firms that identify and understand the macro forces that matter most will beat the market By HUGH MACARTHUR, GRAHAM ELTON, BILL HALLORAN SUVIR VARMA The writers are leaders of Bain Company’s Private Equity Group FOR decades, private equity (PE) firms made money by focusing
      PHOTO: BLOOMBERG  -  980 words
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      Lock icon Don’t just blame it on the weather
      940 25  -  Given the complicated labour picture, Fed must nail down whether the economic recovery is indeed speeding along LEON HADAR Washington Correspondent THE news that American economic growth had stalled in the first three months of this year should not have received too much
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      Lock icon Quitting the EU is a bet on uncertainty
      735 25  -  REUTERS BREAKINGVIEWS By ERIC CHANEY HUGO Dixon has thrown his intellectual weight into the European Union (EU) membership debate. The founder of Breakingviews has written a compact and yet comprehensive little book, The In/Out Question. His answer is neat and clear: “It
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      Lock icon EU is still more a success than a failure
      375 25  -  By EDWARD HADAS THE European Union (EU) became more fully European a decade ago. On May 1, 2004, 10 countries joined up, eight of them recent escapees from the dead hand of communism. Since then, the accession has demonstrated the strength
      PHOTO: BLOOMBERG  -  375 words
    • Article
      Lock icon Multiple proxies on the way
      267 25 LETTER TO THE EDITOR WE refer to Vincent Khoo’s letter “CPF and SRS investors should be treated on a par with CDP investors” (BT, April 30). Mr Khoo noted that CPF or SRS investors as beneficial owners have no rights to attend and vote at
      267 words
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  • Article
    Lock icon SHIPPING TIMES
    1182 26 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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  • Page 26 Advertisements
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      78 26 Experienced ship maintenance find you y r services services wanted, herein the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 the business times ML UUJIIMLJJ IIIVILJ Shipping times Legal services required by shippers owners Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4211 27 Transaction date: May 5 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.6 10.4 8Telecom 20 3.3 A-Sonic Aero 10.2 -0.1 2329 10.3 10.2 10.2 10.3 2.6 1.7 23.2 73 Day Last
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      Lock icon SGX CATALIST
      455 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 35 22 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High 51.5 30.5
      455 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11500 28 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.52/ Aberdeen Asset Mgt Asia Limited 1.21/ Asian Local Ccy SD Bond Global Emerging Markets!** China Opportunities 1 ?8?4?/ EM Local Ccy Bond 0.905/ European Opportunities 1 1 380?/ Global Emerging Markets!"" Global Opportunities/ 1.0555/
      11,500 words
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      Lock icon GLOBALQUOTE
      245 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US39.5cd -0.5 2482 40 39.5 39.5 40 2600.9 Sale 328 191 TanChongInt HK323cd 316 322 9.7 3.3 3.2 6504.9 DISCLAIMER: All
      245 words
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      Lock icon SGX ETF
      1099 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.5 10 113.5 113.5 113.6 114 518.1 143 119 CIMB APAC Div 100S$D 129.2 -0.5 129.2 129.2 127.9 130.4 114.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      649 29 May 5 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.44 *****.75 *****.77 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****9 Sep14 *****.00 *****.00 *****.00 *****.00 2 8657 MSCI TAIWAN INDEX FUTURES SPOT 317.61 318.22 315.33 May14 316.80 318.30 314.60 315.40 ***** *****3 Jun14 316.60
      649 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 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 2.4
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      472 29 May 5 May 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 5.794 0.669 7.193 55.731 106.884 0.947 9.558 3.020 1.071 91.662 41.206 1.160 9.703 0.814 27.913 30.007 0.550 0.928 Canada 0.983
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    • Article
      Lock icon SIBOR
      30 29 May 5 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth Source: Thomson Reuters
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 29 May 5 May Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1589 1.1605 0.9276 0.9281 Canadian dollar 1.1392 1.1409 0.9124 0.9118 Euro 1.7332 1.7348 1.3872 1.3874 NZ dollar 1.0819 1.0835 0.8659 0.8665 Sterling pound 2.1074 2.1094 1.6867
      156 words
    • Article
      Lock icon CHICAGO BOT
      109 29 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 14
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    • Article
      Lock icon LIFFE
      94 29 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$/tonne) Close Prev High Low May 14 2149 2178 2173 2157 Jul14 2154 2173 2173 2153 Sep
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1041 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 1 0.3 30 494 15.99 0 Exer Albedo Limited W*****9 Prem Asiatic Grp(Hldgs) Ltd W*****5 2.2 0.0 2 16 Asiatravel.com HoldingsW*****7 2.6 1 25
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS May 02 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.33 0.80 WTI (Near Mth) 99.76 0.34 Dubai (1-Mth F) 104.05 1.05 Tapis blend 112.52 1.19 Minas 110.72 1.19 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.39 -1.22 Jet Kerosene 119.97 -0.37 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 May 5 S$ Bid Offer 1-month 1.2494 1.2504 2-months 1.2494 1.2504 3-months 1.2494 1.2504 6-months 1.2492 1.2502 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 29 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$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 29 May 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.32 5-Year NX*****W 2.5 01-Jun-19 105.39 10-Year NX*****H 2.750 01-Jul-23 103.36 103.52 103.45 15-Year
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    • Article
      Lock icon PRECIOUS METALS
      139 29 May 05 GOLD(US$/oz) May 05 May 02 Hong Kong 1315.00 1289.00 May 02 May 01 London 1302.23 1282.00 1302.92 1282.55 Source: Thomson Reuters CAST BAR May 05 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 315 261 10gm 588 524
      139 words
    • Article
      Lock icon PALM OIL
      57 29 May 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 14 2660.0 2640.0 2660.0 2630.0 119 2172 Jun 14 2623.0 2605.0 2630.0 2593.0 2801 ***** Jul 14 2598.0 2583.0 2609.0 2570.0 ***** ***** Aug 14 2583.0 2572.0
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am May 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.188 1.132 Can dollar 1.161 1.117 Euro 1.775 1.691 Sterling pound 2.150 2.068 NZ dollar 1.109 1.067 US dollar 1.276 1.216 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 29 May 5 $S Offer Bid 0vernight 0.05 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.20 0.10 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • PROPERTY
    • Article, Illustration
      Lock icon Lack of an urban planner a blessing for Ayala Land
      604 30  -  Biggest Philippine developer could buy big plots, have own plan and design By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT ANOTHER real estate developer might have viewed it as an obstacle, but Ayala Land says that it has worked the Philippines’ political instability,
      604 words
    • Article, Illustration
      Lock icon Filipino developer launching sale of Manila condo here
      563 30  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT UNITS at Ayala Land Premier’s upscale freehold condominium, Arbor Lanes, located in Metro Manila’s Taguig City, will be launched for sale in Singapore this Saturday at the Four Seasons Hotel. Arbor Lanes will be the first residential
      563 words
    • Article, Illustration
      Lock icon Emaar unit looking to raise 1b riyals for Saudi project
      398 31 The King Abdullah Economic City will include a business district, port, resorts Bloomberg [DUBAI] Emaar Economic City plans to raise one billion riyals (S$333.2 million) to help finance construction of the King Abdullah Economic City and will spend 13 billion
      Bloomberg; PHOTO: REUTERS  -  398 words
    • Article
      Lock icon UAE asset bubble unlikely as credit growth is modest: IIF
      259 31 Bloomberg [DUBAI] A surge in United Arab Emirates (UAE) property values probably won’t lead to an asset-price bubble because credit growth remains relatively modest, according to the Institute of International Finance (IIF). Loan growth in the second-big-gest Arab economy may
      Bloomberg  -  259 words
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      339 30 0 STPROPERTY FORUM REAL ESTATE PROFESSIONALS, EARN 2 NON-CORE CRD CREDIT HOURS* REAL ESTATE OPPORTUNITIES RISE UP TO THE CHALLENGES IN THE SINGAPORE PROPERTY MARKET What strategies can agents, developers and investors take to overcome challenging real estate market conditions? Hear what our panel of experts have to say and
      339 words
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  • Page 31 Advertisements
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      534 31 RARE GRADE A STRATA OFFICE FOR SALE JlL CUSHMAN WAKEFIELD Agency License No: L*****33E \i z 53 Samsung Hub, 3 Church Street, Singapore *****3 999 Years Leasehold Tenure Prime Raffles Place CBD Location Short walk to Raffles Place and Telok Ayer MRT Approx. I 3,000 sq ft strata area per
      534 words
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      Lock icon Page 31 Advertisements Column 2
      411 31 The Wilshire Rare D10 Freehold Residential Site savills m > v The Siena 0 me langnn /co Club /f^ The American/o Goodwood Park Hotel CTTi Nanyang Pri Sch LJ <1 km Farrer Rd D’Leedon Pollen Bleu f Grand Hyatt Tangs Plaza r* SUBJECT SITE Leedon FARRER ROAD ORCHARD RD Residence
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      79 31 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR FREE IMPARTIAL ADVICE TO REVIEW ALL OF YOUR OPTIONS. Web www.smats.net Email smats@smats.net 10
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