The Business Times, 8 May 2014

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Microfilm: NL33137
Total Pages: 35
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, May 8, 2014
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  • Article, Illustration
    Lock icon Alibaba may not be a treasure trove
    1058 1  -  Bumpy ride likely for investors as the firm faces waning market share and competition By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] The sheer size of the Chinese e-com-merce market may make Alibaba’s initial public offering (IPO) highly coveted, but investors could be in for
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  • Article
    Lock icon Stalemate over: telcos and Consistel sign Sports Hub deal
    621 1  -  Mobile coverage will be ready by June’s first big public event BY JOYCE HOOI joyceh@sph_.com.sg @JoyceHooIBT [SINGAPORE] The telcoConsistel standoff that threatened to leave the Singapore Sports Hub without proper mobile services has finally come to an end. SingTel, StarHub and
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,236.43 (-9.13) HST INDEX FUTURES 3,228.00 (-10.00) HSIMSCI 367.16 (-0.90) HSIMSCI FUTURES 365.70 (-1.40) US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.698 2.118 EURO (US$/S$/€ 1.393 1.738 Foreign currency per US$ S$ YEN 101.50 81.40 RM 3.246 2.602 HK$ 7.752 6.215 BAHT 32.37 25.95 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,860.43 unch NIKKEI 225 1,4033.45 -424.06 HANG SENG 21,746.26 -230.07 SET INDEX 1,402.61 -1.40 JAKARTA COMP 4,862.07 +27.60 MANILA COMP 6,748.51 -17.42 SEOUL COMP 1,939.88 -19.56 SHENZHEN B 813.47 -13.54 MUMBAI IND 22,323.90 -184.52 12noon EDT Change DOW 16,504.64 +103.62 NASDAQ 4,054.99 -25.77
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 JAPAN 15.175 TAIWAN 5.036 US 1.475 KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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  • TOP STORIES
    • Article, Illustration
      Lock icon Group CEO of bleeding Tigerair steps down
      743 2  -  Tigerair director and SIA Cargo president Lee Lik Hsin to take over from Monday By NISHA RAMCHANDANI By nishar@sph.com.sg @Nisha_BT [SINGAPORE] In a surprise announcement, embattled budget carrier Tiger Airways Holdings (Tigerair) said yesterday that group chief executive Koay Peng Yen would be
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    • Article, Illustration
      Lock icon A peek into the cave
      398 2  -  Alibaba’s big reveal: high growth, odd governance REUTERS BREAKINGVIEWS By JOHN FOLEY THERE are two things to know about Alibaba, which filed for an initial public offering in New York on May 6. First, China’s dominant e-commerce company is huge, and could be even bigger.
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    • Article
      Lock icon Correction
      38 2 IN “Wheelock to cut prices for The Panorama” (BT, May 7), the number of unsold units at CapitaLand’s d’Leedon condo project we reported was wrong. It should be 268, not 700. We are sorry for the error.
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    • Article, Illustration
      Lock icon Tigerair buck has to stop sometime
      870 2  -  COMMENTARY VEN SREENIVASAN ven@sph.com.sg @VenSreeBT Associate News Editor THE speculation over whether Tigerair CEO Koay Peng Yen jumped or was pushed is irrelevant. The real issue is, after four CEOs and three years of widening losses, how much longer will 40 per cent stakeholder
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    • Article
      Lock icon THREE-MINUTE DIGEST
      414 2 Alibaba may not be a treasure trove THE sheer size of the Chinese e-commerce market may make Alibaba’s IPO highly coveted but investors could be in for a bumpy ride as the company battles with waning market share. FRONT PAGE Telcos and Consistel sign Sports Hub deal THE
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    • Article, Illustration
      Lock icon COEs continue fall, Cat A down by over $11k
      553 4  -  Lower premiums for cars and motorcycles with higher quota for May-July By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Certificate of entitlement (COE) premiums extended their decline as the prices for most categories with the exception of goods vehicles and buses closed lower
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    • Article
      Lock icon SGX to launch options on iron ore and freight futures
      722 4  -  It’s already a dominant player in iron ore, but room for more growth: industry players By ANDREA SOH By sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] In a move that will further strengthen its position in the iron ore market, the Singapore Exchange (SGX)
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    • Article, Illustration
      Lock icon Thailand court ousts Yingluck from office on abuse of power
      668 4  -  By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] This surely wasn’t quite how Yingluck Shinawatra had intended to celebrate her 1,000th day as Thailand’s prime minister. The 46-year-old, who reached that milestone on Tuesday, was ordered by a court yesterday to step
      PHOTO: REUTERS  -  668 words
    • Article
      Lock icon Singapore’s Woodfibre aims to be first to export LNG from Canada
      613 4  -  By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] Singapore-headquar-tered Woodfibre LNG expects to “greenlight” its US$2 billion investment in a 2.1 million tonne-per-an-num LNG liquefaction plant in Canada’s West Coast by the second quarter of next year, with the project expected to
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    • Article
      Lock icon World Cup won’t give Brazil economy much of a kick
      510 4  -  Capital Economics attributes this to ‘structural problems’ By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] Even as Brazil gets set to welcome as many as 600,000 visitors for the Fifa World Cup, the economic impact from these tourist arrivals will probably not
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      Lock icon Page 2 Advertisements Column 1
      207 2 YEARS Asia’s most awarded regional airline Enjoying a 1-for-l Business Class deal. That's what makes us a joy to fly. 1 Exclusive MasterCard* Privilege Book now and enjoy extended travel dates from 1 May 2014 to 30 September 2014, exclusive to MasterCard holders only. These promotional fares are only applicable
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      184 3 BENTLEY V 'SSS? V3S wm& 1ST sss M 3SS assess r ieSSS 5 j&S&asfrS&S «2»5 a® BENTLEY Ht 3B P as m rYEARS YEARS [maintenance Sleeker. Sportier. Faster. Meaner. The New Continental GT V8 S. Representing an experience all of its own, the new Continental GT V8 S with its
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  • COMPANY NEWS
    • Article
      Lock icon StarHub Q1 profit down 7.7% at $84.2m
      376 5  -  Results dragged down by lower sales of broadband, pay-TV services By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT STARHUB reported yesterday a 7.7 per cent decline in net profit for the first quarter, dragged down mainly by lower sales of its broadband and pay-TV services. Net
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    • Article, Illustration
      Lock icon Housing demand, prices will continue to moderate: UOL
      495 5  -  Group chalks up 69% rise in Q1 net profit to $120.8m By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT UOL Group, which posted 69 per cent year-on-year improvement in first-quar-ter net earnings, said residential property demand and prices will continue to moderate on the back
      FILE PHOTO  -  495 words
    • Article
      Lock icon Rotary Engg Q1 earnings shoot up to $14.4m
      514 5  -  By RAPHAEL LIM raphlim@sph.com.sg THANKS to a near doubling in revenue and better gross profit margin, Rotary Engineering posted a quantum leap in first-quarter earnings. The specialist oil-and-gas contractor recorded a net profit of $14.4 million or 2.5 cents per share for
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    • Article
      Lock icon AIMS AMP Reit Q4 DPU drops 20%
      451 6  -  Lower figure partly result of private placement of units, recent rights issue By JACQUELYN CHEOK jaccheok@sph.com @JacCheokBT AIMS AMP Capital Industrial Reit Management has achieved a 10.5 per cent year-on-year rise in distribution to unitholders to $15.6 million for the fiscal fourth quarter
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    • Article
      Lock icon Tiong Woon’s Q3 earnings dip to $3.87m on weaker sales
      233 6  -  By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT TIONG Woon Corporation yesterday posted a one per cent dip in earnings for the third quarter on weaker sales. Net profit for the three months ended March 31, 2014, stood at $3.87 million, down from
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    • Article
      Lock icon Ezion Q1 profit slips despite 72% revenue hike
      373 6  -  Vallianz Q1 earnings and revenue soar By CARINE LEE carinel@sph.com.sg @CarineLeeBT EZION Holdings and Vallianz Holdings posted stellar revenues for their fiscal first quarter ended March 31, 2014. Liftboat developer and offshore logistics support service provider Ezion said its turnover surged 72.3
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    • Article
      Lock icon ARA’s Q1 earnings up 6%
      243 6  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT ARA Asset Management’s net profit for the first quarter ended March rose 6 per cent to $17.8 million on the back of revenue rising 18 per cent to $38.2 million from $32.2 million a year ago. Notably, its acquisition, divestment,
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    • Article
      Lock icon Sin Heng doubles Q3 profit to $6.27m
      219 6  -  By RAPHAEL LIM raphlim@sph.com.sg SIN HENG Heavy Machinery, a lifting solution provider for the construction and infrastructure sector, has more than doubled its net profit year-on-year for the fiscal third quarter, driven partly by higher revenue. The group recorded $6.27 million in net
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    • Article
      Lock icon European stocks could make 2-digit gains
      612 9  -  Threadneedle also predicts 10% higher earnings, 2.5-3.5% dividend yields By CAI HAOXIANG in London haoxiang@sph.com.sg @HaoxiangCaiBT DOUBLE-DIGIT gains could be possible for European stocks this year, with projected earnings growth of around 10 per cent and dividend yields of 2.5-3.5 per cent, said Threadneedle
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    • Article
      Lock icon Petra Foods posts US$13.5m Q1 profit
      421 9  -  Group plans to further grow its regional businesses By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT CHOCOLATE maker Petra Foods posted a net profit of US$13.5 million for the first quarter, against a net loss of US$14.9 million for the year-ago quarter which factored in a net
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    • Article
      Lock icon Taiwan’s Ralec making bid to take ASJ private
      248 9  -  By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT LOSS-MAKING ASJ Holdings, which entered the Singapore Exchange (SGX) watch-list in March, is now an acquisition target of a Taiwanese competitor. Yesterday, Taiwan’s Ralec Electronic Corp which, like ASJ, makes chip resistors announced its intention to make
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      Lock icon Page 6 Advertisements Column 1
      212 6 QiIKT ALL-STARS EDITION ALL This year, we are celebrating 10 years of ChildAid with you as our stars! Come join the show to raise funds for two worthy children's charities and with a star-studded alumni of ChildAid, many of whom have gone on to become stars of their own. So
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      Lock icon Page 6 Advertisements Column 2
      352 6 May The Best Employee Win: Achieving Your Full Potentia[ 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 Staff
      352 words
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      143 7 Swiss quality. The travel version. Fly directly from Singapore to Switzerland and experience how Swiss quality and hospitality can turn any journey into something special. Find out more on swiss.com o'" o'" 0" o'" II" •DO s I® .r’ < E *v. m ri't >. r. 1 E*.-' .-is.'. i
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon HK, Wall St weakness weighs on STI
      665 8  -  Liquidity remains low, with 63 per cent of the $1 billion market turnover done in index stocks STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent HONG KONG reopened yesterday after a public holiday on Tuesday, and promptly led the region lower, the Hang Seng
      Source: Bloomberg  -  665 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 May 7 VALUE CLOSE BT OB/OS -407.00 -269.00 BT CADI -*****.00 -100.00 BT 10-day MA -*****.00 -40.00 FTSE ST Mid Cap 758.59 -0.77 FTSE ST Small Cap 541.61 -2.30 FTSE ST All Share 787.78 -2.05 FTSE ST China Top 200.85 -1.14 FTSE ST China 227.83 -1.35 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      62 8 VOLUME Memstar Tech 88,116,000 HanKore Env 73,309,000 HLH Grp 48,174,000 ICP 41,117,000 Golden Agri-Res 36,032,000 Genting Sing 28,611,000 Charisma Energy 28,217,000 JES Intl 27,108,000 Acma 26,450,000 APAC Strategic 25,905,000 VALUE($) DBS Grp 72,996,700 SingTel 68,046,185 Wilmar Intl 42,898,580 UOB 42,824,950 OCBC Bank 40,381,440 Genting Sing 37,965,845 Keppel
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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 7 6 2 0 0 0 7 6 2 Manufacturing 28 54 40 2 9 12 30 63 52 Commerce 20 23 11 3 3 5 23 26 16 Tpt/Stor/Comms 8 20 14
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 41,036 41,036 57,622 57,622 Manufacturing 273,493 118,152 391,645 135,410 11,398 146,807 Commerce 96,457 31,417 127,874 75,500 3,881 79,381 Tpt/Stor/Comms 76,448 1,910 78,358 143,135 207 143,342 Finance 19,118 371 19,489 166,541 126 166,667 Construction 67,140 35,610
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    • Article
      Lock icon BROKERS’ TAKE
      966 8  -  Compiled by KENNETH LIM Roxy-Pacific Holdings May 7 close: S$0.585 Voyage Research, May 7 ROXY-PACIFIC Holdings Limited (Roxy) reported a 27 per cent jump in net profit for Q1 FY2014. We view the results as largely in line with expectations and reiterate that the company will likely benefit
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      121 8 Stock name Close Change CapitaLand 3.100 CapitaMall Trust 2.020 +0.010 CapitaMalls Asia 2.200 CityDev 10.78 -0.110 ComfortDelGro 2.020 -0.030 DBS Grp 17.02 -0.110 Genting Sing 1.330 -0.015 Global Logistic 2.750 -0.030 Golden Agri-Res 0.600 -0.010 HPH Trust USD 0.680 HongkongLand USD 6.730 -0.030 JMH 400 USD
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    • Article, Illustration
      Lock icon NZ dollar rattled by central bank warning
      490 8 CURRENCIES Reuters [LONDON] The New Zealand dollar was the main mover on developed currency markets yesterday, falling almost one per cent after its central bank warned it could intervene against a currency boosted by rises in official interest rates. The Reserve Bank of
      Reuters; PHOTO: REUTERS  -  490 words
    • Article
      Lock icon RISES
      120 8 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 145.9 0.8 DBXT AUD Bonds 5AU$ ***** 127.0 0.6 DBXT USDIGInfl 5US$ ***** 124.7 0.4 DBXT AUDCS 5US$ ***** 108.5 0.4 DBXT FTVietnam 10US$ 2666 101.0 3.1 DBXT iBoxxSvEu 5US$ ***** 86.1 0.2 DBXT AUDCS 5SG$ ***** 81.0 0.3 DBXT iBoxxUSTr
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    • Article
      Lock icon FALLS
      129 8 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -367.9 -2.3 SPDRS S&P 500 10US$ ***** -155.9 -0.7 SPDR DJIA 10US$ ***** -119.7 -0.6 DBXT Nifty 10US$ ***** -51.1 -0.4 DBXT E50 10US$ 5404 -44.9 -0.7 Lyxor AsiaIT 10US$ 3564 -38.7 -0.9 DBXT MSUSA 10US$ 4684 -37.4 -0.6 Jardine C&C
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      Lock icon Page 9 Advertisements Column 1
      308 9 WINE CULTURE Fine Rare Wine Merchant OPENING OF WINE CULTURE DELFI ORCHARD With over 2,500 labels of fine and rare wines at wholesale prices. Check out our Pauillac de Latour 2007 which is now on sale over the weekend. www.wineculture.com.sg Branch Outlet: 402 Orchard Road #01-04 Delfi Orchard Tel; 6235
      308 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon S’pore tops in ability to generate built asset wealth
      452 10  -  Each member of population gained about US$29,500 from infrastructure By KELLY TAY kellytay@sph.com.sg @KellyTayBT THANKS to its strong industrial output, Singapore gains the most economic returns on a per-capita basis from its buildings and infrastructure, a new study published by design
      BT Graphics; Sources: Cebr, Arcadis  -  452 words
    • Article
      Lock icon Jurong Consultants first healthcare project done
      465 10  -  Firm designs outpatient dept at a Cambodia hospital By RAPHAEL LIM raphlim@sph.com.sg JURONG Consultants has completed its first healthcare project a sector that the company sees future growth in with the opening of the outpatient department at Angkor Hospital for Children (AHC) in Siem
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    • Article, Illustration
      Lock icon DBS embarks on journey of human-centred design
      530 10  -  B_Y LISABELLE TAN |isatan@sph.com.sg ON the 40th floor of DBS Asia Central sits the bank’s “Customer Journey Design Lab”. Within a space the size of a meeting room are colourful chairs, coffee tables and an engineering workbench. This is where ideas are born,
      530 words
    • Article, Illustration
      Lock icon Football as corporate strategy
      456 10  -  CEO WORLD CUP By MICHAEL CHUA chuamc@sph.com.sg THAT football is a universal language holds true to the letter at SingPost and it has the management’s stamp of approval too. Explaining the company’s philosophy, which was launched two years ago to drive corporate transformation, CEO Wolfgang Baier
      PHOTO: ARTHUR LEE  -  456 words
    • Article
      Lock icon Launch of aerospace, aviation sectoral tripartite committee
      323 10  -  By SHEENA TAN tsheena@sph.com.sg A NEW sectoral tripartite committee in the aerospace and aviation industry has been set up to focus on inclusive development of manpower, as well as safety and health in the workplace. The Aerospace and Aviation Sectoral Tripartite Committee was
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon ACE, Bain offer to mentor start-ups
        76 10 THE Action Community for Entrepreneurship (ACE) will partner Bain Company Singapore for a new mentorship programme for start-ups in Singapore. Called the “Bain/Bain Alumni-ACE Mentorship Programme”, the pro-bono scheme will see Bain Company offering resources, tapped from a team of existing and past management
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      • Article
        Lock icon AsiaOne iPad app wins award
        108 10 THE AsiaOne iPad app has clinched an Award of Excellence at The Communicator Awards, an international awards programme that recognises big ideas in marketing and communications. The Communicator Awards is sanctioned and judged by the United States-based International Academy of Visual Arts, an invitation-only group
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      124 11 My creations are designed to take on form, come to life; transform into something truly extraordinary. It’s about perceiving the world from different points of view. About exploring the outside world; diving into the unknown. Sharing my discoveries. VuK v: A Filmmaker Eric Khoo v\ v i l..> U r
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      4966 12 VOLUNTARY CONDITIONAL CASH OFFER BY PRIMEPARTNERS CORPORATE FINANCE PTE. LTD. (Incorporated in Singapore) (Company Registration No.: *****7389D) for and on behalf of RALEC ELECTRONIC CORPORATION (Incorporated in Taiwan, R.O.C.) (Company Registration No.: *****050) to acquire all the issued and paid-up ordinary shares in the capital of ASJ HOLDINGS LIMITED (Incorporated
      4,966 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon 1MDB is an enigma that will be closely watched: economist
      530 13  -  By S JAYASANKARAN in Kuala Lumpur A REGIONAL economist has described Malaysian state investment agency 1Malaysia Development Berhad (1MDB) as an “enigma that will be closely watched”. While conceding that its linkages to the government’s balance sheet and the banking
      530 words
    • Article
      Lock icon Hartalega’s FY14 profit flat at RM233.7m
      442 13  -  By PAULINE NG in Kuala Lumpur MEDICAL glove maker Hartalega Holdings Bhd, whose annual earnings have climbed since its listing in 2008, has come up against a mild setback for FY14: its profits are flat on higher startup and tax expenses, as well as
      442 words
    • Article
      Lock icon Etiqa Takaful eyes debut sukuk as early as this month
      384 13 Reuters [KUALA LUMPUR] Etiqa Takaful Bhd, Malaysia’s largest Islamic insurer and a unit of Malayan Banking Bhd, plans to issue RM300 million (S$115.2 million) in sukuk as early as this month to boost its capital, its chief executive said. Last
      Reuters  -  384 words
    • Article, Illustration
      Lock icon Newmont to slash mining production in Indonesia
      601 13  -  US mining giant breaks silence after long impasse over ore export taxes By JEFFREY HUTTON By in Jakarta THE Indonesian arm of US copper-gold giant Newmont Mining has broken months of silence during a long-running impasse with the government over the legality of
      PHOTO: AFP  -  601 words
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      190 14 Oversea-Chinese Banking Corporation Limited and its Subsidiaries (Incorporated in Singapore. Registration Number: *****0032W) IMPORTANT The financial information as set out below is an extract of the audited financial statements of Oversea-Chinese Banking Corporation Limited and the audited consolidated financial statements of the Croup for the financial year ended 31 December
      190 words
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  • CHINA/INDIA
    • Article
      Lock icon India allays concerns about its drug exports
      513 15 It has invited global regulators to visit Indian production units Reuters [NEW DELHI] India is launching a campaign to repair its reputation as a global supplier of cheap high-quality drugs, responding to bans imposed by US Food and Drug Administration (FDA) on several
      Reuters  -  513 words
    • Article
      Lock icon Growth in China’s services industry slower in April: survey
      239 15 Reuters [BEIJING] Expansion in China’s services industry slowed slightly in April, with employment growth slipping to a seven-month low, a private survey showed yesterday, adding to an increasingly cloudy outlook for the world’s second-largest economy. The Markit/HSBC services Purchasing Managers’ Index
      Reuters  -  239 words
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      1590 15 WATO NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Oversea-Chinese Banking Corporation (Incorporated in Singapore. Registration Number: *****0032W) Limited and its Subsidiaries Consolidated Cash Flow Statement for the financial year ended 31 December 2013 In $’000 2013 2012 Selected Notes to the Financial Statements for the financial year ended 31 December
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  • FOCUS: ALIBABA
    • Article, Illustration
      Lock icon Alibaba unveils impressive numbers
      1052 16 Big profit margins, revenue growth but some crucial figures missing in IPO filing NYT [NEW YORK] Alibaba Group opened its books for its IPO filing on Tuesday, revealing a company raking in extraordinary profits from its vast online marketplaces in China. But despite a parade of
      NYT; PHOTO: REUTERS  -  1,052 words
    • Article
      Lock icon Small group of investors stand to reap Alibaba windfall
      594 16 NYT [NEW YORK] A handful of winners are poised to reap big paydays for taking a chance on Alibaba, the once-scrappy Chinese startup founded by Jack Ma that has become an e-com-merce giant. When Alibaba’s shares begin trading, Mr Ma, a
      NYT  -  594 words
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  • WORLD
    • Article, Illustration
      Lock icon Banks looking to build better ties with Asian regulators
      786 17 They recognise that regulators play a key role and are hiring more execs to deal with them Reuters [SINGAPORE] Banks have a new buzzword to describe their strategy in Asia: diplomacy. Stung by regulatory probes into allegations ranging from the hiring
      Reuters; PHOTO: REUTERS  -  786 words
    • Article, Illustration
      Lock icon Twitter slumps to record low
      590 17 It drops 18% as restrictions on sales by insiders are lifted Bloomberg [SAN FRANCISCO] Twitter Inc plunged to a record low after lifting restrictions on share sales by insiders and early investors, renewing concerns that Internet stocks are overvalued and sparking a selloff in so-cial-media
      Bloomberg; PHOTO: REUTERS  -  590 words
    • Article, Illustration
      Lock icon ‘Frozen’ heats up Disney’s earnings
      570 20 Q2 profit up 27%, as all segments record double-digit earnings growth WP [BURBANK, US] Walt Disney on Tuesday continued its red-hot earnings streak with the global success of the animated blockbuster Frozen and a ripple effect on sales of DVDs, music and other merchandise tied
      WP; FILE PHOTO  -  570 words
    • Article
      Lock icon Aussie journalists go on strike against job cuts
      535 20 Fairfax proposes slashing 70 editorial and photo positions AFP [SYDNEY] Journalists at the Australian Financial Review, Sydney Morning Herald and Melbourne’s The Age went on strike yesterday after management proposed axing another 70 editorial and photo jobs. Staff voted overwhelmingly for the
      AFP  -  535 words
    • Article
      Lock icon Viet fund manager eyes bargains after share tumble
      498 20 Bloomberg [HANOI] The six-week tumble in Vietnam stocks that’s turned the benchmark index into the world’s worst decliner is attracting the nation’s biggest money manager. “We have been very busy buying stocks these days,” Andy Ho, chief investment officer at VinaCapital Group,
      – Bloomberg  -  498 words
    • Article, Illustration
      Lock icon SEC expands probe into banks’ Asia hiring: WSJ
      315 21 It is examining whether anti-bribery laws were violated Reuters [NEW YORK] A US regulator has expanded its probe into major banks’ hiring practices in Asia and sent letters to at least five US and European banks in early March seeking more information,
      Reuters  -  315 words
    • Article
      Lock icon America is turning grey quickly
      279 21 Number of those 65 and older will double by 2050: report NYT [NEW YORK] The number of Americans 65 and older is expected to nearly double by the middle of the century when they will make up more than a fifth of the nation’s population,
      NYT  -  279 words
    • Article, Illustration
      Lock icon Siemens unveils overhaul, resists bid for Alstom
      671 22 Q2 earnings lower than forecast, let down by charges in energy sector Reuters [BERLIN] German engineering giant Siemens unveiled a long-awaited strategic restructuring yesterday to catch up with more profitable competitors and said it would not be forced into making a formal offer
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      Lock icon Europe stuck with Russian gas dependence
      649 22 No alternatives in the short term, add G-7 ministers Reuters [ROME] Europe will be saddled with its dependence on Russian gas for years, ministers from the Group of Seven (G-7) industrial nations said on Tuesday, condemning the use of energy as a weapon of
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      Lock icon Yellen: Central bank must continue to spur growth
      533 24 While job market improved, the figures are still far from satisfactory Bloom berg [WASHINGTON] The Federal Reserve must continue to spur economic growth as indicators for inflation and employment remain far from the central bank’s goals, Chair Janet Yellen said. “A high
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      Lock icon Christie’s NY auction rakes in US$286m
      288 24 Bloomberg [NEW YORK] Paintings by Claude Monet, Pablo Picasso and Amedeo Modigliani helped Christie’s sell US$285.9 million of Impressionist and modern art in New York on Tuesday, 80 per cent more than a year ago. The result, which represented the second-highest tally in the
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      Lock icon Productivity of workers decreases in Q1
      455 24 Snow and unusually cold weather hit economic activity LATEST US DATA Bloomberg [WASHINGTON] American workers were less productive in the first quarter as harsh winter weather prevented some from getting to their jobs, causing the economy to stall. The measure of employee output per
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      Lock icon Putin retreats, pulls back forces
      444 24 AFP Reu ters [MOSCOW] Russian President Vladimir Putin said yesterday that Moscow had pulled back its forces from the Ukrainian border amid Western fears of an imminent military invasion of Russia’s crisis-hit Western neighbour. “We were told constantly about concerns over our troops near the
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    • BRIEFING
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        Lock icon HSBC Q1 profit down 18% as lower revenues offset cost cuts
        119 24 AFP [LONDON] Bank giant HSBC said that its net profit slid 18 per cent in the first quarter as lower revenues offset cost-cutting but added that bad debt charges fell. Profit after tax stood at US$5.069 billion in the
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      • Article
        Lock icon SoftBank annual profit up 41.5% to record US$5.18b
        98 24 AFP [TOKYO] Japan’s SoftBank said that net profit in the past fiscal year surged 41.5 per cent to a record US$5.18 billion making it the country’s most profitable mobile phone firm. The company said that the net profit of 527.04 billion yen
        AFP  -  98 words
      • Article
        Lock icon Sainsbury annual profit up 5.3%, slowest growth in 10 yrs
        93 24 Reuters [LONDON] British grocer J Sainsbury posted a 5.3 per cent rise in annual profit, its slowest growth in nearly a decade, illustrating the pressure that the industry is under to cut prices and stem the rise of the discounters.
        Reuters  -  93 words
      • Article
        Lock icon Iceland mulls disbanding Housing Financing Fund
        71 24 Bloomberg [REYKJAVIK] Iceland’s government proposed disbanding the Housing Financing Fund, the nation’s largest mortgage provider, as the lender struggles to make a profit amid loan losses and competition from commercial banks. The nation will wind down the operations over the next 30 years and
        Bloomberg  -  71 words
      • Article
        Lock icon Ahmad Hamad Algosaibi offers to pay 20% of debt
        84 24 Bloomberg [DUBAI] Ahmad Hamad Algosaibi Brothers is offering to guarantee banks at least a 20 per cent payment on US$5.9 billion of debt as it seeks to end a dispute with creditors after the Middle East’s largest default. The Saudi Arabian
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      123 18 / 19 SPH^ICITAL. V v CONNE 7 4 S mm MUNTY mmm i i v THE STRAITS TIMES Digital The Business Times Q| I the new paper BeritaHarian.sg 360 MILLION PAGE VIEWS MONTHLY Total Monthly No. Of Visits: 71 Million Wide range of local, world, business news with special interest lifestyle content
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      1719 20 (Public Shareholding Company incorporated in Kuwait) Head Office: Abdullah Al-Ahmed Street P.O. Box 95, Safat ***** Kuwait Consolidated Statement of Financial Position As at 31 December 2013 Consolidated Statement of Income For the year ended 31 December 2013 2012 KD 000’s 2013 KD 000’s Assets 2013 KD 000’s (Restated) Cash
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      168 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FLORIDITA PTE. LTD. Co. Reg. No. *****7838C (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final General Meeting of the
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      984 21 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices BANKOFSINGAPORE Asia's global private bank A subsidiary of OCBC Bari. BANK OF SINGAPORE LIMITED Registration Number: *****0866R Registered Office: 65 Chulia Street, #06-00 OCBC Centre, Singapore *****3 CAPITAL ADEQUACY RATIOS AS AT 31 DECEMBER 2013 INDEPENDENT AUDITORS’ REPORT To The Member of
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      1630 21 LOW KENG HUAT (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) Registration No. *****0209G NOTICE OF FORTY-FIFTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Forty-Fifth Annual General Meeting of the Company will be held at Grand Mercure Roxy Singapore, Siglap, Katong Amber Room, Level 3, 50 East Coast
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      627 22 Titan Mars Limited (In Liquidation) BC No. *****3 (the “Company”) NOTICE is hereby given, pursuant to Section 178 (1) (a) of the Virgin Islands Insolvency Act, 2003 (“the Act”), that the Company entered liquidation by written resolution of the sole shareholder dated 25th day of April 2014 in accordance with
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      631 22 WATS NOTICES Titus International Ltd. (In Liquidation) BC No. *****65 (the “Company”) NOTICE is hereby given, pursuant to Section 178 (1) (a) of the Virgin Islands Insolvency Act, 2003 (“the Act”), that the Company entered liquidation by written resolution of the sole shareholder dated 25th day of April 2014 in
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      629 22 Wendelstar International Ltd. (In Liquidation) BC No. *****9 (the “Company”) NOTICE is hereby given, pursuant to Section 178 (1) (a) of the Virgin Islands Insolvency Act, 2003 (“the Act”), that the Company entered liquidation by written resolution of the sole shareholder dated 25 th day of April 2014 in accordance
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      629 22 Wynham Pacific Ltd. (In Liquidation) BC No. *****83 (the “Company”) NOTICE is hereby given, pursuant to Section 178 (1) (a) of the Virgin Islands Insolvency Act, 2003 (“the Act”), that the Company entered liquidation by written resolution of the sole shareholder dated 25th day of April 2014 in accordance with
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      637 22 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Titan Storage Limited (In Liquidation) BC No. *****7 (the “Company”) NOTICE is hereby given, pursuant to Section 178 (1) (a) of the Virgin Islands Insolvency Act, 2003 (“the Act”), that the Company entered liquidation by written resolution of the sole shareholder dated 25th day
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      338 22 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF PACIFIC WAY PTE. LTD. Co. Reg. No. *****4232Z (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final General Meeting of
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      16 22 LIANHE ZAOBAO 4th-generation successor turns family pewter business into m global M luxury iiranfl 0 ft
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      279 23 STPROPERTY FORUM REAL ESTATE PROFESSIONALS, EARN 2 NON-CORE CPD 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 let
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      35 24 f KISS92* All the great songs in one place T a Sw 6 w r >-• «A J n facebook.com/kiss92fm 0kiss92fm www.kiss92.sg Download the KISS92 mobile app now! KISS92 is part of SPH Radio Network fl
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      304 25 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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  • AVIATION/SHIPPING
    • Article
      Lock icon EU proposes tougher rules for black boxes
      557 26 New standards will enhance range, extend battery life of flight recorders NYT [PARIS] Nearly two months after a Malaysian jetliner disappeared, Europe’s aviation safety agency formally proposed a series of new measures aimed at improving the chances of finding the flight recorders of
      NYT  -  557 words
    • Article
      Lock icon Delta ups dividend, plans share buyback
      482 26 US$2b share repurchase to be completed in 2016 Bloomberg [ATLANTA] Delta Air Lines boosted its dividend by 50 per cent and authorised a US$2 billion stock buyback, as airlines start putting cash back into shareholders’ pockets. Investors will receive US$2.75 billion under the plan
      Bloomberg  -  482 words
    • Article, Illustration
      Lock icon S Korea looks to wrap up ferry recovery effort
      565 26 AFP [SEOUL] Recovery teams should try to wrap up their search for bodies from South Korea’s ferry disaster by the weekend, Prime Minister Chung Hong-Won said yesterday, three weeks after the ship sank with hundreds of schoolchildren on board. With 33
      AFP; PHOTO: AFP  -  565 words
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      Lock icon Virgin Atlantic weighs adding stretched Dreamliner
      443 26 Bloomberg [DALLAS] Virgin Atlantic Airways Ltd, poised to receive its first Boeing Co Dreamliner, is considering whether to add the stretched 787-10 version of the world’s first composite jet. “It would make a lot of sense for us to have some -10s,” chairman Richard
      Bloomberg  -  443 words
    • Article
      Lock icon TRANSPORT STOCKS
      246 26 SGX '000 May 07 S$ +/-Vol Ch Offshore 0.42 unch 496 Chuan Hup Hldg 0.28 unch 200 May 07 Cwt Limited 1.57 unch 1028 First Ship Lea 0.10 unch 15 Grand Banks..............0.25 -0.02 589 Jaya Hold Ltd 0.80 -0.01 2515 K1Ventures 0.20 unch 1746 Keppel Corp 10.58 0.01
      246 words
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      39 26 WHAT STAR WIVES DO One runs a school, another an NGO while others dabble in interior design MODI: I AM NO KNOW-ALL LEADER GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      45 26 BuildTechYangor 2014 l sl Myanmar Building Technology Industry and Supply Event A Wise Investment 22-24 May 2014 Myanmar Convention Centre Yangon I MYANMAR PRE-REGISTER AT www.btyangon.com it a \i\ Organised by: Held alongside: (sphere Myanmaro Rifes Urban Development Conference 2014 00(^)***** A SUBSIDIARY OF S(3l
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  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      289 26 CRYPTIC CROSSWORD Across 1 Possibly voting yes to keep Queen’s autonomy (11) 9 Performer’s parts listed endlessly (7) 10 Hold sailors’ ball (6) 12 Try to accept everything’s most unlikely (7) 13 Space otherwise providing frozen water (7) 14 Ale with no head that is not natural (5) 15 Concealed
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  • Article
    Lock icon SHIPPING TIMES
    1182 27 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
    1,182 words
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      48 27 Legal services required by shippers owners Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES Shipping Dues
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      30 27 Experienced shfP maintenance find you y r services services wanted, herein the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 the business times MIL. UUJIMLJJ IIIVILJ Shipping Times
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  • EDITORIAL & OPINION
    • Article
      Lock icon How do you solve a problem such as jobs?
      461 28 EDITORIAL HOW do you catch a cloud and pin it down? US Federal Reserve Chair Janet Yellen goes before Congress this week to give her outlook for the economy. But with different indicators pointing in different directions, Ms Yellen will have
      461 words
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      Lock icon China likely to wait before celebrating its new status
      790 28  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 YEARS of guesstimates as to when China will surpass the United States and become the world’s largest economy came to a jolting
      790 words
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      Lock icon Achieving the desired organisational change
      1433 28  -  A structured approach is needed to bridge the gap between the current and future state By LEONG CHEE TUNG The writer is manager, Singapore and South-east Asia, at Gallup HAVING just celebrated Labour Day, it’s timely to reflect on the sheer number of hours that
      PHOTO: BLOOMBERG  -  1,433 words
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      Lock icon Dangerous to rush into GM foods
      1043 29  -  With no imminent global food crisis, biotech firms should be made to subject their technologies to rigorous testing first By HARISH MEHTA The writer, a former BT senior correspondent, is a historian who has taught at Canadian universities, and has written books on Indochina
      PHOTO: AFP  -  1,043 words
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      Lock icon Becker, greatest exponent of human rationality
      534 29  -  By CASS R SUNSTEIN Bloomberg LAST Saturday marked the death of Gary Becker, perhaps the greatest social scientist of the last 50 years. More than anyone else, Becker is responsible for the rigorous pursuit of the idea that human beings are rational and responsive
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      Lock icon When the yuan becomes a currency like any other
      874 29  -  By GORDON FRENCH The writer is head of global banking and markets, Asia-Pacific, at HSBC THE recent dip in the value of the Chinese currency surprised many in the markets, but it shouldn’t have. The yuan occupies a position all of
      PHOTO: REUTERS  -  874 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3794 30 Transaction date: May 7 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 Last 20 3.3 A-Sonic Aero Vol Day Last Quote Div Gr Yld 11.5 7 AEM M Cap High 181.6 102.4
      3,794 words
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      Lock icon SGX CATALIST
      462 31 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 1.9 0.9 t Advanced Systems 0.9 unch 100 1 0.9 0.9 1 17.5 Last Quote Div
      462 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      12125 31 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.52/ Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond Asian Local Ccy SD Bond ,0 9687/ 0.9802/ 1 9484/ China Opportunities 1 Global Emerging Markets!** EM Local Ccy Bond 0.904/ European Opportunities! 1.377/
      12,125 words
    • Article
      Lock icon GLOBALQUOTE
      249 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US40.5cd +0.5 1870 40.5 39.5 40 40.5 2666.7 Sale 328 191 TanChongInt HK315cd -8 156 315 315 314 320 9.7 3.3
      249 words
    • Article
      Lock icon SGX ETF
      1114 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 114.1 +0.3 50 114.1 114 114 114.4 520.8 143 119 CIMB APAC Div 100S$D 128.4 -0.6 128.4 128.4 127.2 129.7
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      676 32 May 7 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.25 *****.13 *****.45 Jun14 *****.00 *****.00 *****.00 *****.00 7061 *****3 Sep14 *****.00 *****.00 *****.00 *****.00 1 8658 MSCI TAIWAN INDEX FUTURES SPOT 317.96 318.00 315.82 May14 317.40 317.40 314.60 315.90 ***** *****7 Jun14 317.00
      676 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 32 In local curr In S$ In US$ dy yr dy yr dy yr May 6 Index Change Change Change Change Change Change World Preliminary 1194.3 -0.3 0.8 -0.3 0.4 -0.1 1.6 EAFE Preliminary 949.9 -0.3 -0.7 0.0 0.3 0.3 1.5 Europe Preliminary 1379.6 -0.4 1.8
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 32 May 7 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 5.826 0.671 7.244 56.116 107.807 0.949 9.555 3.033 1.074 91.796 41.321 1.165 9.822 0.817 28.160 30.243 0.550 0.934 Canada 0.983 5.730
      471 words
    • Article
      Lock icon SIBOR
      31 32 May 7 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth ..0.***** Source: Thomson Reuters
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 32 May 7 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1650 1.1660 0.9341 0.9348 Canadian dollar 1.1458 1.1465 0.9192 0.9187 Euro 1.7373 1.7379 1.3930 1.3933 NZ dollar 1.0848 1.0853 0.8698 0.8701 Sterling pound 2.1175 2.1183 1.6978
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 32 As at 9am May 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.193 1.137 Can dollar 1.167 1.123 Euro 1.779 1.695 Sterling pound 2.159 2.076 NZ dollar 1.111 1.069 US dollar 1.273 1.213 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 32 May 7 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.12 US$ 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
      157 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1042 32 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 0.3 1 148 0.44 50 Asia-Pacific Strategic W*****6 Ratio Exer Albedo Limited W*****9 Prem Asiatic Grp(Hldgs) Ltd W*****5 2.1 unch 840 0.0 2 16 Asiatravel.com HoldingsW*****7 2.6
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    • Article
      Lock icon CHICAGO BOT
      109 32 May 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1464.00 1472.00 1471.75 1451.50 Jul 14 1459.50 1463.25 1464.75 1443.25 Aug 14 1404.50 1406.00 1406.50 1390.50 Sep 14 1282.25 1285.50 1285.75 1273.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14
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    • Article
      Lock icon LIFFE
      94 32 May 6 COCOA (£/tonne) Close Prev High Low May 14 1801 1806 1810 1792 Jul 14 1813 1822 1826 1807 Sep 14 1818 1825 1829 1812 Dec 14 1817 1823 1827 1810 COFFEE(US$/tonne) Close Prev High Low May 14 2152 2149 2165 2147 Jul14 2147 2154 2160 2142 Sep
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 32 CRUDE OIL PRODUCTS May 06 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.15 0.20 WTI (Near Mth) 99.71 0.27 Dubai (1-Mth F) 103.69 -0.57 Tapis blend 112.32 -0.55 Minas 110.52 -0.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.11 -0.61 Jet Kerosene 119.57 -0.46 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      23 32 May 7 S$ S$ Bid Offer 1-month 1.2472 1.2473 2-months 1.2472 1.2473 3-months 1.2471 1.2472 6-months 1.2469 1.2470 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 32 May-06 May-06 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1738.75 1742.50 3 months 1784.00 1786.00 Copper, Grade A(US$/tonne) Cash 6756.00 6755.50 3 months 6720.00 6719.00 Lead(US$/tonne) Cash 2089.50 2071.00 3 months 2110.00 2091.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon GOVERNMENT SECURITIES
      83 32 May 7 May TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.35 101.43 101.35 5-Year NX*****W 2.5 01-Jun-19 105.41 105.55 105.45 10-Year NX*****H 2.750
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    • Article
      Lock icon PRECIOUS METALS
      141 32 May 07 COINS GOLD(US$/oz) May 07 May 05 Hong Kong 1317.00 1315.00 May 06 May 05 London 1307.09 1310.53 1308.00 1311.40 Source: Thomson Reuters Source: Thomson Reuters May GOLD BULLION COINS (S$) Selling Buying 1 oz 1708 1634 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm N.A. N.A.
      141 words
    • Article
      Lock icon PALM OIL
      59 32 May 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 14 2635.0 2642.0 2660.0 2630.0 94 1753 Jun 14 2600.0 2601.0 2607.0 2589.0 1935 ***** Jul 14 2579.0 2579.0 2585.0 2565.0 ***** ***** Aug 14 2569.0 2572.0
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  • PROPERTY
    • Article, Illustration
      Lock icon Cambodia island woos Chinese investors
      1101 33 Condos, villas and a near-clone of Marina Bay Sands Hotel to be built on the island NYT [PHNOM PENH] There is an island in Cambodia that, unlike others in South-east Asia, is not the object of an ownership dispute. But it is equally clear whom
      NYT; PHOTO: BLOOMBERG  -  1,101 words
    • Article
      Lock icon Househunt
      1258 33 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN MARCH 26 AND APRIL 1, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 28/03/2014 99 2691 7500 2787 People's Park Cplx
      1,258 words
    • Article, Illustration
      Lock icon London boutique project on show this weekend
      219 34  -  By GOH KANG SHIONG gohkangs@sph.com.sg [SINGAPORE] British real estate firms English Rose and CBRE will host an exhibition this weekend to introduce Clarence Court, a boutique development in central London. The 16 individually designed apartments in the refurbished building come with high-specification finishes
      219 words
    • Article, Illustration
      Lock icon Cooling China property market ‘raising debt risk’
      625 34 Falling land sales and lack of other revenue sources strain finances of local governments Bloomberg [BEIJING] China’s weakening property market poses an increasing danger to local governments, threatening to strain their finances and intensify an economic slowdown. Land sales in 20 major cities
      Bloomberg; PHOTO: BLOOMBERG  -  625 words
    • Article, Illustration
      Lock icon Homes topping US$100m smash US records
      681 35 Next benchmark will be US$200m, predicts agent Bloomberg [BOSTON] The US tro-phy-home market is shattering price records this year as an increasing number of residential properties change hands for more than US$100 million. Barry Rosenstein, founder of hedge fund Jana Partners LLC, has purchased
      Bloomberg; PHOTO: BLOOMBERG  -  681 words
    • Article
      Lock icon Looking for an apartment to rent? Find it easily on 99.co
      423 35  -  New start-up gets $700K in seed funding from VCs BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheo|<BT [SINGAPORE] Just five months after launching room rental site Homie.co, serial entrepreneur Darius Cheung is back with his newest start-up 99.co an apartment rental site,
      423 words
    • Article, Illustration
      Lock icon Gallery Hotel seeks new operator
      459 36  -  JLL’s Hotel Hospitality Group to launch RFP exercise By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] RB Capital has appointed JLL’s Hotel Hospitality Group to launch a Request For Proposal (RFP) exercise from hotel management companies to operate the Gallery Hotel along Robertson Quay after it has
      459 words
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      Lock icon Seniors benefit from studio apartments
      401 36  -  By GOH KANG SHIONG gohkangs@sph.com.sg [SINGAPORE] Senior citizens who have sold their old flats and moved into studio apartments (SAs) have reaped among other benefits net sales proceeds of $200,000 per flat. The figure came from Minister for National Development Khaw Boon Wan in his
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      Lock icon Leasing of prepared industrial land falls by over 50% in Q1
      310 36  -  /BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheol<BT [SINGAPORE] JTC Corporation yesterday reported that gross allocation the leasing or rental of prepared industrial land (PIL) to companies fell by more than half in the first quarter of 2014, but net allocation remained
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      493 34 CHANGI SOUTH 1) Ramp-up Logistics Facility High clearance and floor loading capacity Well equipped with ample covered loading bays with dock levellers Sizes from 30,000 sq ft to 210,000 sq ft 2) Warehouse Facility Both ambient and aircon warehouse are available JURONG Ramp-up Cold Storage Facility Located within a food
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      35 34 mmm Quiet with Privacy Land Area 10,123 sq ft Pool 2-Storey can be redeveloped into a 2-Storey w/attic bungalow. Exclusive Agent: JaneAng CBREI Real, y R*****1Z/L*****08E cb richaro ellis I Associates 9129 7576 Luxury Homes
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      109 34 FOR SALE Address No. 23 Chin Bee Ave, Singapore *****3 Property Description: A single-storey JTC detached factory with mezzanine floor, permitted for the purpose of manufacturing of food, drink, milk and sauce Land Tenure: 30 years leasehold commencing from 16 October 2000 Site Area Approx. 7,229.60 sqm (77,818.77 sqft) Total
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      373 35 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988 mi win n m Tin m mill BL il jtt e alioul *h i I, Mu m AWil i niiij mu 1
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      42 35 Brand New Light Industrial at Aljunied savills 01 For Lease 5-min walk to Raya Lebar MRT Excellent location Surrounded by amenities Dominic Peters Sharon Chan 9825 2101 9112 2063 CEAReg. No. R*****1G CEA Rotj. No. R*****I D SaVillS.COm.Sg EA Lie No. L*****88B
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      359 36 Lincoln's Inn Fields Royal Opera House St Paul's Cathedral The Gherkin CLARENCE COURT 406-408 STRAND LONDON WC2 1 Jr -c ■.'3s3gS6s~Sa9 i W h .< j c r B r iSS t 131 «ik Santander •»Santander r* A In the heart of the Strand. London WC2 EnghshRose Estate s a
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