The Business Times, 9 May 2014

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Microfilm: NL33137
Total Pages: 34
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, May 9, 2014
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  • Article, Illustration
    Lock icon Barclays slashes jobs in strategy to right bank
    670 1  -  CEO: We’ll be ‘only in areas where we have capability, scale and competitive advantage’ By NEIL BEHRMANN in London BARCLAYS Bank yesterday unveiled a new strategy that will concentrate on UK retail and corporate banking, and Africa. The bank will slash its
    PHOTO: BLOOMBERG  -  670 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,247.69 (+11.26) GST INDEX FUTURES 3,240.00 (+12.00) GSIMSCI 369.12 (+1.96) GSIMSCI FUTURES 368.20 (+2.50) US$ S$ US$ (S$ per US$) 1.249 (US$/S$ per 1.696 2.118 EURO (US$/S$/€ 1.393 1.739 Foreign currency per US$ S$ YEN 101.80 81.50 RM 3.247 2.599 HK$ 7.752 6.207 BAHT 32.49 26.01 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,862.84 +2.41 NIKKEI 225 14,163.78 +130.33 HANG SENG 21,837.12 +90.86 SET INDEX 1,379.02 -23.59 JAKARTA COMP 4,860.89 -1.18 MANILA COMP 6,765.21 +16.70 SEOUL COMP 1,950.60 +10.72 SHENZHEN B 815.71 +2.24 MUMBAI IND 22,344.04 +20.14 12noon EDT Change DOW 16,611.82 +93.28 NASDAQ 4,105.57 +37.90
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE 5.35 MALAYSIA 6.55 INDONESIA 5.00 INDONESIA 14.970 TAIWAN BRITAIN JAPAN 1.475 KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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  • Article
    Lock icon SIA’s Q4 operating loss widens to $60.3m
    776 1  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Singapore Airlines (SIA) continues to battle crowded skies as it unveiled a bigger operating loss in its fourth quarter results, but its bottom line was saved by tax credits and exceptional gains which helped pull it out
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  • Page 1 Advertisements
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      109 1 COMMENTARY Time for a shareholder reshuffle at MAS PAGE 2 PROPERTY HDB resale flat prices dip 0.2% in April PAGE 10 COMPANIES Wilmar’s Q1 earnings tumble 49% PAGE 6 OPINION Less QE could mean costlier funds PAGE 23 Rebel takes on MMA giants EXECUTIVE LIFESTYLEIPAGE 31 BT PROPERTY CLASSIFIEDS BT’s
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  • TOP STORIES
    • Article
      Lock icon SPH Digital to give advertisers more bang – softly
      387 2  - SPH Digital to give advertisers more bang softly Its Content Studio will allow getting the message across discreetly, without hard sell By SHEENA TAN tsheena@sph.com.sg SINGAPORE Press Holdings (SPH) launched its suite of digital advertising solutions under the SPH Digital brand yesterday. The brand’s new unit, Content Studio, will give
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    • Article, Illustration
      Lock icon itBit suits up for regulators with chief compliance officer
      357 2  -  By JOYCE HOOI joyceh@sph.com.sg@JoyceHooiBT [SINGAPORE] With the authorities looking up bitcoin’s skirt, Singaporebased bitcoin exchange itBit has brought more suits on board to help it toe the regulatory line. Yesterday, the exchange announced the appointment of its very first chief compliance
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    • Article
      Lock icon THREE-MINUTE DIGEST
      309 2 Barclays slashes jobs in new strategy BARCLAYS Bank unveiled a new strategy that will concentrate on UK retail and corporate banking, and Africa. It will slash investment banking unit. FRONT PAGE SIA Q4 operating loss widens to $60m SINGAPORE Airlines continues to battle crowded skies as it unveiled
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    • Article
      Lock icon Shell’s US$2.3b write-off is good governance
      874 2  -  But it also implies bleak outlook for oil refineries NEWS ANALYSIS By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] Shell’s US$2.3 billion write-off of some refinery assets mostly for its Singapore Bukom refinery and basically an accounting move “reflects good corporate governance” by the super major, “but
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    • Article, Illustration
      Lock icon Time for a shareholder reshuffle at MAS
      721 2  -  But it would take strong political will to pull it off COMMENTARY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent THE fate of embattled Malaysia Airlines (MAS), clouded further in recent months by the missing MH370 jet, hinges on the very thing that has eluded
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    • Article
      Lock icon Mixed outlook for China as trade volumes inch up in April
      440 2 AFP [BEIJING] China’s exports and imports rose marginally in April, official data showed yesterday, rebounding from sharp declines in March, but analysts saw a mixed outlook with the world’s second-largest economy in the grip of a growth slowdown. Exports
      AFP  -  440 words
    • Article
      Lock icon StanChart Q1 operating profit slips 6%
      570 4 Revenue down 5%; weakness persists in April and May Reuters [HONG KONG] Asia-fo-cused bank Standard Chartered posted a drop in first-quarter profit, hurt by lower investment bank revenues, weaker Asian currencies and ongoing problems at its South Korean business. The London-based bank, which earns
      Reuters  -  570 words
    • Article
      Lock icon Axe to fall on some Barclays S’pore investment bankers
      609 4  -  Worldwide, 7,000 investment bank staff will go, or one in three By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] Barclays investment bankers in Singapore are among those who will lose their jobs as the group axes about 30 per cent of staff
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    • Article, Illustration
      Lock icon Sun Hung Kai’s Kwok brothers on bribery trial
      682 4 AFP [HONG KONG] A blockbuster corruption trial involving Hong Kong property tycoons Thomas and Raymond Kwok got underway yesterday, with all five defendants pleading not guilty to bribery charges. The billionaire Kwok brothers, who jointly chair development giant Sun Hung Kai Properties,
      AFP; PHOTOS: EPA, BLOOMBERG  -  682 words
    • Article
      Lock icon Yingluck indicted for negligence in Thai rice-buying scheme
      694 4 Fear of clashes as pro- and anti-govt sides plan big rallies Reuters [BANGKOK] Thailand’s an-ti-graft agency indicted former prime minister Yingluck Shinawatra for negligence yesterday a ruling that came a day after a court threw her out of office and that could
      Reuters  -  694 words
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      Lock icon Page 2 Advertisements Column 2
      24 2 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
      24 words
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  • Page 3 Advertisements
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      256 3 TOPGEAR.COM EVO AUTOGUIDE.COM there’s little doubt the new Mini Cooper will remain the biggest fish in its posh supermini pond. MINI COOPER WILL REMAIN THE It’s more lively, it sounds more interesting and the handling’s more fun... THIS IS A GROUND-UP OVERHAUL AND A LAUDABLE UPDATE TO AN ALREADY SUCCESSFUL
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  • Page 4 Advertisements
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      83 4 33 AUCTION MODERN AND CONTEMPORARY ASIAN ART 2014 SPRING AUCTION SUNDAY 11 MAY 2014 11AM ONWARDS *-5 Hendra Gunawan (Never Lose Your Fighting Spirit) Chen Shuzhong (Weed Beach ”3* w fei Mayeur (Le Femme nose Animee) V u lay Bak Koi (Fishing Village Scenery) Chen Wen iff f mm 7*
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      123 5 Bringing quality products to the world. It's a Swiss tradition From watches to chocolate, the Swiss are known for quality products. As the airline of Switzerland, we offer another fine export: relaxation. Find out more on swiss.com SWISS >***** y> -w i- k A .mi i t' 5 4. i
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  • COMPANY NEWS
    • Article
      Lock icon Wilmar’s Q1 earnings tumble 49% to US$162m
      475 6  -  Profit weighed down by negative soya-bean crush margins in China By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT NEGATIVE soya-bean crush margins in China returned to haunt Wilmar International, causing its earnings to tumble 48.7 per cent in the first quarter. Its net profit for the
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    • Article
      Lock icon Vicom Q1 net profit rises 7.4% to $8m
      262 6  -  Company sees drop in demand for vehicle testing By RAPHAEL LIM raphlim@sph.com.sg VICOM, a provider of vehicle inspection and testing services, has posted a 7.4 per cent year-on-year rise in first-quarter net profit on higher business volume. Net profit for the quarter
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    • Article
      Lock icon Higher rents lift Fortune Reit DPU up 15.3% in Q1
      305 6  -  By KENNETH LIM kenlim@sph.com.sg @KennethLimBT FORTUNE Real Estate Investment Trust (Reit) posted a 15.3 per cent increase in first-quarter distribution per unit after reaping the benefits of a new property and rental reversions. Fortune Reit said income available for distribution
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    • Article
      Lock icon Chip Eng Seng Q1 profit soars on property project
      332 6  -  By RAPHAEL LIM raphlim@sph.com.sg CONSTRUCTION and property group Chip Eng Seng’s first-quarter net profit more than quadrupled year-on-year, mainly from higher revenue in its property development division. Net profit for the period ended March 31, 2014, was $21.6 million or 3.35
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    • Article
      Lock icon Parkson’s Q3 earnings fall 22.6% to $7.56m
      349 7  -  Profit hit by poorer showing from the group‘s Malaysia, Vietnam operations By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT PARKSON Retail Asia posted a net profit of $7.56 million for the third quarter ended March 31, 2014, down 22.6 per cent year on year, partly due
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    • Article
      Lock icon DeClout unit issuing new shares to raise $10m
      307 7  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT CATALIST-LISTED information technology firm DeClout’s IT asset recovery subsidiary, Procurri Corp, will be issuing new shares by the end of this month to raise $10 million to fund its global expansion plans. BT understands that DeClout will
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    • Article
      Lock icon Challenger Q1 profit falls 26% to $3.4m
      312 7  -  By AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT WEAKER corporate business in Singapore and lower retail sales in Malaysia have pulled down Challenger Technologies’ net profit by 26.1 per cent for the first quarter ended March 31, 2014. Net profit fell to $3.4 million, from
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    • Article
      Lock icon Hyflux Q1 profit soars on $56.9m divestment gain
      303 7  -  By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT HYFLUX Ltd posted a significant lift in net profit for the first quarter, thanks to a one-time divestment of a joint venture project. The water treatment company said that net profit for the three months ended March
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    • Article, Illustration
      Lock icon US equities main theme this year, says Pictet
      507 7  -  New jobs being created will boost spending, it says By R SIVANITHY sivan@sph.com.sg @RSivanithyBT SWISS private bank Pictet Cie is maintaining its view that developed market equities mainly from the US should be the best performers this year, whilst bonds are to
      PHOTO: AFP  -  507 words
    • Article
      Lock icon Results snapshot
      123 7 Reported on May 8, 2014 REVENUE NET PROFIT /LOSS Y-O-Y PROFIT CHNG EPS DPS LAST TRADED PRICE COMPANY REPORTING PERIOD Sinwa Q1 $36.0m $3.8m 30.9 $0.0112 0 $0.225 A $1 million gain from the sale of an anchor handling tug helped to offset higher marketing costs and administrative
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    • Article, Illustration
      Lock icon Coco Palms opens for booking on May 17
      482 9  -  Unit sizes range from 463 sq ft onebedder to penthouse of 3,111 sq ft By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT CITY Development’s (CDL) latest resort-themed condo project at Pasir Ris, Coco Palms, is open for booking on May 17, with onebedroom units starting
      PHOTO: CDL  -  482 words
    • Article
      Lock icon Design Studio’s Q1 earnings make a near triple jump to $2.1m
      279 9  -  Higher profit comes in spite of a decline in revenue By LISABELLE TAN lisatan@sph.com.sg DESIGN Studio’s first-quarter net profit almost trebled despite a fall in revenue. Net profit for the three months ended March 31, 2014, was $2.1 million,
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    • Article
      Lock icon Intraco to buy 70% stake in KA Group
      379 9  -  By CARINE LEE carinel@sph.com.sg @CarineLeeBT INTRACO Limited has unveiled plans to acquire a 70 per cent stake in a homegrown fire-protection specialist for $16.6 million. The trading company has inked a term sheet with the owners of KA Group. The latter comprises
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      376 6 AN ASME-LIANHE ZAOBAO AWARD Sf ill# Singapore Prestige Brand Award 14 TAKE YOUR BRAND TO GREATER HEIGHTS! Consistent, strategic branding raises your brand equity, heightens the value of your company's products or services, and helps you rise above the competition. The Singapore Prestige Brand Award (SPBA) is one of the
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      222 7 Convergence —Now till this Sunday 11 May 2014, lOam-lOpm daily, at ION Art Gallery, L4 ION Orchard —an art exhibition of six outstanding Singaporean and Chinese artists: Fan Chang Tien 42 A, him Leong Seng T AT, Liu Guo *****, Fan Shao Hua i'liTT, Gui Zhao Hai IL-Aftt, and Aaron
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Wall Street rebound bolsters market
      596 8  -  UOB’s 40-cent gain contributes to half of ST Index’s 11.26-point gain STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent WALL Street’s rebound on Wednesday after United States Fed chair Janet Yellen’s testimony to the Senate Banking Committee helped push the Straits Times Index up 11.26 points
      Source: Bloomberg  -  596 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 May 8 VALUE CLOSE BT OB/OS -267.0 +140.0 BT CADI -*****.0 +24.0 BT 10-day MA -*****.00 -27.00 FTSE ST Mid Cap 760.37 +1.78 FTSE ST Small Cap 542.61 +1.00 FTSE ST All Share 790.28 +2.50 FTSE ST China Top 200.80 -0.05 FTSE ST China 227.87 +0.04 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      60 8 VOLUME ICP 80,878,000 HanKore Env 75,836,000 Charisma Energy 55,535,000 LifeBrandz 48,228,000 Global Tech 37,347,000 Vallianz 36,435,000 ASJ Hldgs 32,104,000 APAC Strategic 31,077,000 Golden Agri-Res 25,537,000 Otto Marine 24,022,000 VALUE($) UOB 81,480,160 DBS Grp 74,913,338 SingTel 47,643,078 ComfortDelGro 33,490,212 OCBC Bank 31,579,100 Keppel Corp 27,963,212 Global Logistic 26,506,546
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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 6 5 4 0 0 0 6 5 4 Manufacturing 49 34 47 5 8 11 54 42 58 Commerce 18 21 19 4 1 4 22 22 23 Tpt/Stor/Comms 19 12 9
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    • Article
      Lock icon BROKERS’ TAKE
      924 8  -  Compiled by KENNETH LIM Sin Heng Heavy Machinery May 8 close: S$0.192 AmFraser Research, May 8 SIN Heng reported Q3 FY14 revenue of S$53.7 million, which was 33 per cent higher than the previous corresponding quarter and in line with our forecast. Reported Patmi (profit after tax and
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,575 12,575 53,814 53,814 Manufacturing 246,438 129,493 375,931 110,722 5,355 116,077 Commerce 149,889 69,404 219,293 87,479 8,912 96,391 Tpt/Stor/Comms 82,584 1,309 83,893 139,397 144 139,541 Finance 23,305 787 24,092 198,080 284 198,364 Construction 73,949 58,477
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      118 8 Stock name Close Change CapitaLand 3.100 CapitaMall Trust 2.020 CapitaMalls Asia 2.200 CityDev 10.890 +0.110 ComfortDelGro 2.040 +0.020 DBS Grp 17.050 +0.030 Genting Sing 1.335 +0.005 Global Logistic 2.770 +0.020 Golden Agri-Res 0.595 -0.005 HPH Trust USD 0.680 HongkongLand USD 6.640 -0.090 JMH 400 USD 61.000
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    • Article, Illustration
      Lock icon Philippine peso NDFs near 6-month high
      532 8 CURRENCIES Reuters [SINGAPORE] The Philippine peso hit a near six-month high in the offshore non-deliverable forwards (NDFs) market yesterday after the central bank raised its inflation forecasts. Most emerging Asian currencies edged up on positive China trade data. The peso’s one-month NDFs gained as
      Reuters; PHOTO: BLOOMBERG  -  532 words
    • Article
      Lock icon RISES
      121 8 BY CENTS CLOSE UP SPDR DJIA 10US$ ***** 153.6 0.8 Lyxor ThaiSET 10US$ ***** 146.1 0.9 DBXT AUDCS 5SG$ ***** 131.0 0.5 SPDRS S&P 500 10US$ ***** 123.6 0.5 DBXT AUDCS 5US$ ***** 103.6 0.4 DBXT E50 10US$ 5471 83.7 1.2 DBXT USDIGInfl 5US$ ***** 62.4 0.2 DBXT MSEurope
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    • Article
      Lock icon FALLS
      131 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -260.9 -1.7 DBXT FTVietnam 10US$ 2510 -194.8 -5.9 DBS Bk 4.7% NCPS 100 ***** -179.0 -1.7 JMH 400 USD 6100 -93.6 -1.2 DBXT iBoxxSvEu 5US$ ***** -71.2 -0.2 DBXT MSTHAI 10US$ 1910 -48.7 -2.0 JSH 500 USD 3545 -33.7 -0.8 DBXT Nifty
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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  • Page 9 Advertisements
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      134 9 Attention Local Business Owners! Breach ourro^ 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 Display your business logo to represent your company’s brand identity COMPANY
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      435 9 Join us at WasteMET Asia CleanMET Asia Trade Exhibition Asia's Only Business Trading Platform for Waste Management, Recycling, Cleaning Environmental Solutions WasteMET Asia Asia’s International Waste Management Environmental Technology Exhibition and Conference CleanMET Asia Asia's International Cleaning Management Environmental Technology Exhibition and Conference download the WasteMET Asia T REGISTER ONLINE
      435 words
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  • SINGAPORE NEWS
    • Article
      Lock icon HDB resale flat prices dip 0.2% in April
      634 10 Exec flat prices post 1.2% rise, SRX figures show, while resale deals are up 4.4% over March RESALE prices of HDB flats dipped 0.2 per cent in April over March. The drop was driven by three, four and five-room HDB flats, which
      634 words
    • Article, Illustration
      Lock icon Nourish your soul too at this food court
      390 10  -  By KARA QUEK karaquek@sph.com.sg GOING to the newly revamped Food Junction at Bugis Junction for a meal? How about some food for the soul to go along with that? Artworks inviting bids, with the proceeds going to charity, are now on show
      390 words
    • Article
      Lock icon Fewer workers feel engaged now: survey
      371 10  -  By GOH KANG SHIONG gohkangs@sph.com.sg JUST 20 per cent of employees here describe themselves as being totally committed to their jobs, going by the latest Global Workforce Index published by Kelly Services, a global talent recruitment company. It is a figure that has been
      371 words
    • Article
      Lock icon CPF Minimum Sum increased to $155,000
      335 10  -  Medisave Minimum Sum, contribution ceiling also raised By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT THE Ministry of Manpower (MOM) and Central Provident Fund (CPF) Board yesterday announced that the CPF Minimum Sum, the amount set aside for retirement, has been increased to $155,000 to account for
      335 words
    • Article, Illustration
      Lock icon Luge Ride gets $4m upgrade
      325 10  -  By JAIRA KOH jairakoh@sph.com.sg SKYLINE Luge Sentosa unveiled $4 million in upgrades to its Luge Ride yesterday, mostly aimed at better accommodating crowds which have increased significantly since the ride’s opening in 2005. Besides adding eight ticket counters and four photo counters, the Skyline Enterprises
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      68 10 GREAT SINGAPORE SALE PACKAGE Stay at Marina Mandarin with the Great Singapore Sale Package and enjoy the attractions and extraordinary view of Marina Bay area as you shop to your heart’s content. Package includes complimentary dailybuffetbreakfast for two persons and tickets for Hop on Hop Off Open Bus CityTour. For
      68 words
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      44 10 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 Hire pest control specialists or publicise your services in CLASS 116 To advertise, call the Print Classified Hotline: 1800-289 9988
      44 words
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  • GLOBAL MEGATRENDS CONFERENCE 2014
    • Article, Illustration
      Lock icon Innovation from the heart
      752 11  -  Charles Adler, the co-founder of crowdfunding website Kickstarter, believes that tech entrepreneurs must have a visceral connection to their business. FRANCIS KAN reports KANreports FRANCIS KANreports AS part of the creative community, Charles Adler and two friends saw first-hand the number of projects that had problems
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      Lock icon Fly me to the moon
      495 11 Commercial space flight revenue will not come from tourists: astronaut WHILE much of the hype over commercial space flight has centred on sending tourists into orbit, re-al-life astronaut Leroy Chiao is looking at something far more novel. The former National Aeronautics and Space Administration (Nasa)
      495 words
    • Article, Illustration
      Lock icon The evolution of the Chinese consumer
      431 11 Buyers are foregoing prestige items for experiences CHINESE middle-class consumers are changing their spending habits as pollution and stagnant wages weigh on their confidence about the future, said a China researcher. Many Western brands have rushed into China over the past decade to profit
      431 words
  • Page 11 Advertisements
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      71 11 Our clients have individual goals and ambitions. Credit Suisse has been helping to achieve them. Since 1856. Credit Suisse. Winner of the Asian Private Banker Awards for Distinction 2013: Best Private Bank in Asia Best Private Bank in Philippines Indonesia Best Private Bank for Family Office Services Best Private Bank
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  • INDONESIA
    • Article, Illustration
      Lock icon Indonesia holds rates steady, slashes 2014 growth outlook
      584 12 Central bank also warns current-account gap will widen in coming quarters as exports shrink Reuters [JAKARTA] Indonesia’s central bank left its policy rate unchanged yesterday, saying inflation remained under control, while slashing its 2014 economic growth outlook as exports struggled. Bank Indonesia
      Reuters; PHOTO: AFP  -  584 words
  • Page 12 Advertisements
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      1360 12 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices (INCORPORATED IN THE REPUBLIC OF KOREA) SEPARATE STATEMENTS OF FINANCIAL POSITION As at December 31, 2013 and 2012 (Korean Won in millions) 2013 2012 ASSETS Cash and due from banks W 6,646,083 W 6,929,182 Financial assets at FVTPL 1,606,733 1,472,758 Derivative assets
      1,360 words
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      531 12 Butterfly Link Holdings Limited Business Company Number: *****50 In Voluntary Liquidation Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004 (as amended), the voluntary liquidation of Butterfly Link Holdings Limited commenced on 16/04/2014 and that Alison Watson of 21 Collyer Quay #19-01 HSBC
      531 words
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      1072 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TONGYU PRIVATE LIMITED (In Members’ Voluntary Liquidation) Company Reg. No. *****1795N NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 (the “Act”) that the Final Meeting of Members of the above-named
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  • CHINA
    • Article, Illustration
      Lock icon Sinopec faces inconvenient truth in retail-business sale
      605 13 It plans to partially privatise gas-station stores in a deal that may raise US$20b Reuters [HONG KONG] The Easy Joy convenience store attached to a Sinopec petrol station in China’s boomtown of Shenzhen sells everything from cookies and gum to mineral water and
      Reuters; PHOTO: REUTERS  -  605 words
    • Article
      Lock icon Developer in cash crunch denies it’s at the brink
      239 13 Reuters [HONG KONG] A Chinese developer yesterday said it had failed to deliver some properties to homebuyers on time because of financial pressure but denied media reports that it was on the brink of collapse. The news underlines the growing pressure
      Reuters  -  239 words
    • Article
      Lock icon Li Ka-shing group offers US$1.8b for Aussie gas firm
      401 13 Its A$1.32 a share offer for Envestra trumps bid by APA Reu ters [HONG KONG] Companies controlled by Li Ka-shing have launched an unsolicited US$1.8 billion takeover offer to other shareholders in Australian gas distributor Envestra, trumping a rival bid as
      Reuters  -  401 words
    • Article
      Lock icon Alibaba, ShopRunner to launch joint China service
      504 13 Tie-up will make it easier for US brands to sell in China Reuters [SAN FRANCISCO] Alibaba Group has struck one of its largest deals with a US e-commerce company, agreeing to help Amazon.com rival ShopRunner expand into China. ShopRunner, whose partners include Neiman
      Reuters  -  504 words
  • Page 13 Advertisements
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      680 13 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 HNTD PTE. LTD. (REGISTRATION NO. *****3737K) (In Member’s Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap.
      680 words
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      615 13 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF EVIA GROWTH OPPORTUNITIES LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****1728D) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company on 30 April
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  • WORLD
    • Article, Illustration
      Lock icon ECB ready to cut rates in June as euro threatens growth
      606 14 Central bank leaves benchmark rate at record low of 0.25%, deposit rate at zero Bloomberg Reuters [FRANKFURT] European Central Bank (ECB) president Mario Draghi signalled that officials are ready to cut interest rates next month if needed and stepped
      Bloomberg; Reuters; PHOTO: EPA  -  606 words
    • Article
      Lock icon Australian jobs growth in April outpaces forecasts
      445 14 Reuters [SYDNEY] Australian jobs growth outpaced expectations for a third month running in April and helped keep the jobless rate from rising, further evidence that unemployment may have peaked far earlier and lower than even optimists had assumed. The local dollar climbed a
      Reuters  -  445 words
    • Article
      Lock icon German banks fear losing out in fund tax rule
      426 14 They want payments to back-up fund to be tax-deductible Reuters [BERLIN] German banks will lose out if, unlike their European rivals, they cannot deduct from taxes their contributions to a new 55 billion euro (S$95 billion) bank resolution fund, the German
      Reuters  -  426 words
    • Article
      Lock icon EU to assess if US swap rules are adequate
      348 14 Bloomberg [WASHINGTON] Banks using US-based clearing houses to handle their swaps trades are set to win a reprieve from tougher capital rules as the European Union said that it will take more time to assess whether American regulations are strict enough.
      Bloomberg  -  348 words
    • Article, Illustration
      Lock icon Toyota posts bumper profit on yen slide, US sales
      702 14  -  By ANTHONY ROWLEY in Tokyo THE world’s biggest motor manufacturer Japan’s Toyota Motor Corp saw its operating profit surge by just under 74 per cent to a record 2.29 trillion yen (S$28.1 billion) in the financial year to March 31, thanks
      PHOTO: AFP  -  702 words
    • Article
      Lock icon Big 4 UK banks pay out just 20% of ‘mis-selling’ funds
      457 14 Reuters [LONDON] Britain’s biggest four banks have so far paid out only a fifth of the funds they set aside to recompense small businesses mis-sold interest-rate hedging products, a month before the compensation scheme is due to end. The
      Reuters  -  457 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Better revenue, fuel costs lift Emirates profit
      438 15 Group earnings rise 32%; Dubai carrier says runway work will hit business Reuters [DUBAI] Emirates, Dubai’s flagship airline, yesterday reported a 43 per cent jump in 2013 net profit, helped by higher revenue and lower fuel costs although runway maintenance work will impact
      Reuters; PHOTO: REUTERS  -  438 words
    • Article, Illustration
      Lock icon Air France luxury seats for Asia’s high-fliers
      415 15 AFP [SHANGHAI] Air France has unveiled its new first-class section in Shanghai, fuelling an international luxury-seating race to win over Asia’s rising number of high-fliers. The airline’s “haute couture” suite will feature a seat that reclines into a bed stretching 2.01 metres long
      AFP; PHOTO: AFP  -  415 words
    • Article
      Lock icon Cost of Somali piracy down by half: report
      261 15 Reuters [LONDON] The cost of Somali piracy to the global economy fell by almost half last year as the number of attacks slumped, but piracy in West Africa was on the rise, an annual security report said. The Oceans beyond Piracy report
      Reuters  -  261 words
    • Article
      Lock icon TRANSPORT STOCKS
      239 15 SGX '000 May 08 S$ +/-Vol Ch Offshore 0.42 unch 117 Chuan Hup Hldg 0.28 0.01 110 Cosco Corp 0.73 0.01 1459 Cwt Limited...............1.59 0.03 2441 First Ship Lea 0.10 unch 260 Grand Banks 0.25 -0.01 443 Jaya Hold Ltd 0.42 K1Ventures unch Keppel Corp 10.63 0.05 2629
      239 words
    • Article
      Lock icon India awards operating licence to Air Asia
      419 15 Entry of budget carrier likely to spark price war Bloomberg [NEW DELHI] AirAsia Bhd, the region’s biggest budget airline, received an operating licence for its Indian venture as competition intensifies in one of the world’s fastest growing air travel markets. AirAsia chief executive
      Bloomberg  -  419 words
    • Article
      Lock icon Qantas plans to slash A$1b off its debts by next fiscal year
      347 15 Reuters Bloomberg [SYDNEY] Qantas Airways Ltd chief executive Alan Joyce said the Australian carrier plans to cut debt by more than A$1 billion (S$1.17 billion) by fiscal 2015 to strengthen its balance sheet amid intensifying competition that has
      Reuters; Bloomberg  -  347 words
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      31 15 WHAT STAR WIVES DO Onerunsaschool, anotheranNGO whileothers dabblein interiordesign MODI: I AM NO KNOW-ALL LEADER GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      Lock icon Page 15 Advertisements Column 2
      563 15 E2-CAPITAL HOLDINGS LIMITED (formerly known as Westminster Travel Limited) (Incorporated in the Republic of Singapore) (Company Registration Number: *****4792H) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBYGIVEN that an Extraordinary General Meeting (the “EGM”) of E2-Capital Holdings Limited (formerly known as Westminster Travel Limited) (“Company”) will be held at 120
      563 words
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  • S SPECIAL LUXURY LIVING
    • Article, Illustration
      Lock icon Kitchen showcase
      1002 16 / 17  -  Blending style and function, these set-ups are the focal points of three homes By MARY LIM Foursquare fun “A piece of art” is now the owner describes the kitchen of her cosy apartment. Indeed, what the kitchen lacks in space at a relatively compact 150 sq ft it
      PHOTO: SU MISURA; PHOTOS: CHONG JUN LIANG; PHOTO: KHL MARKETING  -  1,002 words
    • Article, Illustration
      Lock icon Bright, stylish and neat
      592 20  -  Choose the right lighting, coffee table and sideboard to reflect your personal taste By SHERYL QUEK Illuminate with style Good lighting sets the mood, yet remains unobtrusive while it does the work of illuminating space. To light up a room effectively, opt for a mix of
      PHOTOS: HAUS FURNISHINGS & INTERIORS, MERONI FURNITURE, MILLION LIGHTING SHOWROOM, MARQUIS QSQUARE, XZQT HOME  -  592 words
    • Article, Illustration
      Lock icon Centre of attraction
      729 21  -  A well-designed TV console enhances your home entertainment experience By DOUGLAS CHEW OFTEN the centrepiece of any living room, the television console is crucial to creating the desired ambience, hence it is important to choose the right one. “Space is the No. 1 factor,” says Ms Jean
      PHOTO: MARQUIS QSQUARE; PHOTO: KITCHEN CULTURE  -  729 words
  • Page 16 / 17 Advertisements
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      Lock icon Page 16 / 17 Advertisements Column 1
      71 16 / 17 where life revolves around the kitchen kitchen culture P liJ match. we always provide a perfect solution for your kitchen. exclusive brands poggen pohl rational HacKer j 5UB»ZERO LiJQLF Kuppersbusch The Swiss leader Ia CORhUE ilica (31 irinox Foster*— KWC interlubke FIMES exclusive showroom 2 leng kee road #01-02/05/07/08 thye
      71 words
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      Lock icon Page 16 / 17 Advertisements Column 2
      125 16 / 17 THE BEAR KNOWS™ Contemporary European Home Furnishing CONFORM Joy armchair RRP: S$3,470.00 Now: $$2,950.00 Swivel Armchair FREE!!! Glass Vase Made in Italy with every purchase of any Leather Armchair, (not including clearance items) •FIRST 10 CUSTOMERS ONLY Products Fully Imported from Europe The Bear Knows™ Flagship Store Liang Court #03
      125 words
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      Lock icon Page 16 / 17 Advertisements Column 3
      140 16 / 17 Made in Norway imagine confer THE INNOVATORS OF COMFORT™ Imagine a personal oasis of tranquillity where time is your own. A place to lean back, close your eyes and enjoy a well-deserved time-out. But you don’t need to imagine. You can make it real in a Stressless® of your own.
      140 words
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  • Page 18 / 19 Advertisements
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      354 18 / 19 THE WORLD’S FIRST CURVED UHD TV t X -X II a o II A I ■m a < r ■r > !l I r H II r II N. II Mi I 35^ s OH H if j .9 i«Ef? •amSSuSB V r w r%*>. Vfej X T-: i >-
      354 words
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  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      205 20 ntroducing Ego Italiano -The New Italian Designer Brand from Italy 'KJ Probably The Best Value 100% egoitaiiano- Italian-Made Sofa In Singapore! V r EGO CLAUD E (Available EGO BOOMER (Available@ Park Mall) 3 Seater (200cm) PROMOTION $3,841.00 (Incl.GST) Genting IMM) (L-shape -250cm+-) -2 seater maxi 1 arm RHP chaise Longue
      205 words
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  • Page 21 Advertisements
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      115 21 PHILIPP S E L Vendome is inspired by the streams of the eighteenth century and the new horizons that were developed by the French decorators in the 1930s and 1940s. French tiair and Italian charm are combined in a refined way Its soul is classical, but forms and proportions are
      115 words
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      Lock icon Page 21 Advertisements Column 2
      254 21 Introducing the new TEMPUR® Breeze Comfort and freshness for a great night's sleep TEMPUR MATTRESSES AND PILLOWS A fresh new way of sleeping Getting a good night's sleep in Singapore's tropical climate might be a challenge, especially when high humidity levels cause heat and discomfort. TEMPUR high performance sleep technology
      254 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Penang shows the way on water tariffs
      506 22 EDITORIAL MALAYSIA’S exports grew a slower-than-expected 8.4 per cent in March, below the street’s expectation of 9.4 per cent and way below February’s performance of 12.3 per cent. One reason cited for this is that the water rationing exercise could have disrupted manufactured
      506 words
    • Article, Illustration
      Lock icon Are Americans undersaving for their retirement?
      801 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group CAN America afford to retire? As millions of baby boomers pass their mid-60s, the spectre of widespread undersaving has taken hold. Huge numbers of present and future retirees will exhaust their savings before they
      The Washington Post Writers Group  -  801 words
    • Article, Illustration
      Lock icon Bad political weather for climate change law
      1076 22  -  Beyond his unilateral moves, Obama may not get more done to combat global warming LEON HADAR Washington Correspondent HERE is how things look now for US President Barack Obama. He is going to occupy the White House for close to three more years.
      PHOTO: REUTERS  -  1,076 words
    • Article, Illustration
      Lock icon Less QE could mean costlier funds
      923 23  -  But policymakers might need to worry more about mega asset bubbles than the quantity or quality of money ANTHONY ROWLEY Tokyo Correspondent Sometimes it is a good idea to check to make sure that the enemy is not still “at the gate” but actually
      PHOTO: BLOOMBERG  -  923 words
    • Article, Illustration
      Lock icon Arabs must adopt inclusiveness
      745 23  -  By MARWAN MUASHER The writer, a former foreign minister and deputy prime minister of Jordan, is vice-president for studies at the Carnegie Endowment for International Peace. His latest book is ‘The Second Arab Awakening and the Battle for Pluralism Project Syndi cate WHEN the Arab awakening
      Project Syndicate; PHOTO: AFP  -  745 words
    • Article
      Lock icon Celebrate a special EU anniversary in S’pore today
      645 23  -  By MICHAEL PULCH The writer is Ambassador of the European Union to Singapore EUROPE Day the anniversary of the Schuman Declaration is a wonderful occasion to celebrate how in the European Union we have overcome age-old differences to shape a common future.
      645 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      268 24 D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D05 HOUSE FOR SALE WATERFRONT FABER New launch! Waterfront Faber. 11 strata house. 1km Nan Hua/ Clementi MRT. 5rm, lift, 2 carpark. From $2.48M. D10 HOUSE
      268 words
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      Lock icon Page 24 Advertisements Column 2
      275 24 D15 HOUSE FOR SALE SIGLAP VICINITY Stunning FH hse Siglap! 3800/4000sf 5+1rm. 3 sty. Unbeatable interior quality/layout. Pk 2 cars. Amazing greenery view. Great Willi 9431 5145 D19 HOUSE FOR SALE 32 LI HWAN CLOSE $5.7M Neg. Walk to MRT. Semi-D A&A/ Rebuild. 32 Li Hwan Close. 4030 sf. Freehold.
      275 words
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      Lock icon Page 24 Advertisements Column 3
      271 24 D04 APARTMENT FOR SALE REFLECTIONS KEPPEL BAY Marina/ Golf Course views. Motivated seller 1550sf only $1935 psf/ 1399sf $2400 psf/ 1561sf $2275 psf 1841sf $2400 psf/ 2540sf $2835 psf. D07 APARTMENT FOR SALE CONCOURSE SKYLINE Unique unblocked view of Marina Bay Concourse Skyline, #16-06, 1356 sf. Seeing is believing! Please
      271 words
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      Lock icon Page 24 Advertisements Column 4
      244 24 D16 HOUSE FOR RENT 3A JALAN NIPAH Newly rebuilt semi-d, 3600/5300sf 2sty +attic, 5+1 swimming pool, partial furn, Immediate $14.5k Also for sale. Call 9863 5635/ 9727 2996 D17 HOUSE FOR RENT 27A TOH AVENUE Semi-D Newly rebuilt 3500/ 5000 sqft. 2storey attic. 5+1 bedrooms pool. Available Immediate. Call 9863
      244 words
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      Lock icon Page 24 Advertisements Column 5
      247 24 D02 SHOP FOR SALE TRAS STREET Tras Street. Two adjoining 3-sty Shophses. 99yrs, Tenanted, Land 1871 sqft 1908 sqft. Minutes to Tg Pagar MRT. Call: 9388 7879 9101 4747 KF D06 SHOP FOR SALE THE ADELPHI Near City Hall MRT vibrant Peninsula Plaza/ Funan Ctr upcoming Capitol Piazza. Rare 999
      247 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      1369 25 The business Times CLASSIFIED BUY IT SELL IT FIND IT PROPERTIES m fB i c Leading the way in bungalow sales Written byGoh Mei Yi gohmeiyi@sph.com.sg Most businesses "do not put all their eggs in one basket" to spread out their risks and, but there is one real estate agency
      1,369 words
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      Lock icon Page 25 Advertisements Column 2
      35 25 OLIV 33 TG DEVELOPMENT For Rent. BRAND NEW! Full Comm. Grand Ceiling Height at Living, Dining 3337 sqft Duplex 5350/6125 sqft Penthouse 4+1 Bdrm attached Bathrms Free Sky Terrace Pool, Gym, BBQ, Children's Playground *****699/*****027
      35 words
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  • Article
    Lock icon SHIPPING TIMES
    2221 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
    2,221 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      39 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times Shipping Times
      39 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      222 27 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your
      222 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3949 28 Transaction date: May 8 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 Company 20 3.4 A-Sonic Aero Sale 97.5 69 ABR (’000) High Low Buyer Seller Div Gr Yld C'vr Net 181.6
      3,949 words
    • Article
      Lock icon SGX CATALIST
      419 29 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 5 0.9 0.9 0.9 1 17.5 Last Quote Div
      419 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      12000 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.52/ Aberdeen Asset Mgt Asia Limited 1.22/ Asian Local Ccy SD Bond Global Emerging Markets!** 1 941/ China Opportunities 1 7823/ EM Local Ccy Bond *****/ European Opportunities 1 1 3731/ Global Emerging Markets!” Global
      12,000 words
    • Article
      Lock icon GLOBALQUOTE
      249 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US39cd -1.5 9069 40.5 39 39 39.5 2568 Sale 328 191 TanChongInt HK315cd unch 30 315 315 314 317 9.7 3.3
      249 words
    • Article
      Lock icon SGX ETF
      1092 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 143 119 CIMB APAC Div 100S$D 128.3 -0.1 128.3 128.3 127.1 129.6 108.9 94 CIMB APAC Div 100US$ US102.8 101.9 103.9 10.8 1510 1192 CIMBASEAN40
      1,092 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      667 30 May 8 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.41 *****.44 *****.16 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****2 Sep14 *****.00 *****.00 *****.00 *****.00 2 8657 MSCI TAIWAN INDEX FUTURES SPOT 318.40 319.06 317.25 May14 315.90 318.30 315.40 318.10 ***** *****4 Jun14 315.80
      667 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr May 7 Index Change Change Change Change Change Change World Preliminary 1191.0 0.0 0.5 0.1 0.2 0.0 1.3 EAFE Preliminary 944.8 -0.5 -1.2 -0.6 -0.3 -0.7 0.8 Europe Preliminary 1380.6 0.1 1.9
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 30 May 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.021 5.844 0.674 7.273 56.289 108.796 0.955 9.597 3.046 1.084 92.352 41.459 1.172 9.780 0.821 28.278 30.481 0.553 0.938 Canada 0.979 5.723
      471 words
    • Article
      Lock icon SIBOR
      31 30 May 8 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth ..0.***** Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 30 May 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.36 101.42 101.42 5-Year NX*****W 2.5 01-Jun-19 105.5 105.64 105.60 10-Year NX*****H 2.750 01-Jul-23
      84 words
    • Article
      Lock icon PRECIOUS METALS
      137 30 May 08 GOLD(US$/oz) May 08 May 07 Hong Kong 1296.00 1317.00 May 07 May 06 London 1296.61 1307.09 1297.50 1308.00 Source: Thomson Reuters CAST BAR May 08 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 311 256 10gm 579 515
      137 words
    • Article
      Lock icon PALM OIL
      57 30 May 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 14 2643.0 2642.0 2643.0 2625.0 44 1685 Jun 14 2587.0 2601.0 2607.0 2581.0 2469 ***** Jul 14 2571.0 2579.0 2584.0 2552.0 ***** ***** Aug 14 2563.0 2572.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 30 May8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1712 1.1726 0.9381 0.9385 Canadian dollar 1.1468 1.1482 0.9190 0.9185 Euro 1.7385 1.7400 1.3925 1.3927 NZ dollar 1.0800 1.0815 0.8650 0.8656 Sterling pound 2.1168 2.1189 1.6955 1.6959 US
      154 words
    • Article
      Lock icon CHICAGO BOT
      109 30 May 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1451.00 1464.00 1459.25 1443.75 Jul 14 1446.25 1459.50 1457.50 1441.75 Aug 14 1393.75 1404.50 1404.75 1391.00 Sep 14 1272.75 1282.25 1284.50 1271.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14
      109 words
    • Article
      Lock icon LIFFE
      94 30 May 7 COCOA (£/tonne) Close Prev High Low May 14 1788 1801 1800 1782 Jul 14 1801 1813 1813 1794 Sep 14 1807 1818 1818 1800 Dec 14 1807 1817 1816 1800 COFFEE(US$/tonne) Close Prev High Low May 14 2148 2152 2155 2145 Jul14 2145 2147 2155 2136 Sep
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1056 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 35 0.3 1 176 0.39 50 Asia-Pacific Strategic W*****6 Ratio Exer Albedo Limited W*****9 Prem Asiatic Grp(Hldgs) Ltd W*****5 2.1 unch 70 0.0 2 16 Asiatravel.com HoldingsW*****7 2.5
      1,056 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS May 07 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.23 0.08 WTI (Near Mth) 100.76 1.05 Dubai (1-Mth F) 102.93 -0.76 Tapis blend 111.32 -1.00 Minas 109.52 -1.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.72 0.61 Jet Kerosene 119.15 -0.42 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 30 May 8 S$ S$ Bid Offer 1-month 1.2485 1.2494 2-months 1.2485 1.2494 3-months 1.2484 1.2494 6-months 1.2483 1.2492 Source: OCBC
      23 words
    • Article
      Lock icon LONDON METALS
      66 30 May-07 May-07 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1723.50 1738.75 3 months 1769.00 1784.00 Copper, Grade A(US$/tonne) Cash 6685.50 6756.00 3 months 6655.00 6720.00 Lead(US$/tonne) Cash 2059.75 2089.50 3 months 2080.00 2110.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am May 08 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.192 1.136 Can dollar 1.167 1.123 Euro 1.779 1.695 Sterling pound 2.159 2.076 NZ dollar 1.107 1.065 US dollar 1.275 1.215 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 30 May 8 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ 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
      157 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon Rebel takes on MMA giants
      586 31  -  The legacy of World Wrestling Entertainment has in ways spurred the local ‘live’ fight sports industry, with mixed martial arts and white collar boxing becoming alternatives for fans of bloodsports to not only catch all the action up close and personal but also to get
      586 words
    • Article, Illustration
      Lock icon Fighting for a good cause
      726 31  -  By DEBBIE YONG debyong@sph.com.sg THE first rule about the fight club is that we don’t talk about the fight club unless it’s for a good cause. Then hey, tell all your friends, get them to suit up to watch you ringside, and also throw a
      ST FILE PHOTO  -  726 words
    • Article, Illustration
      Lock icon Wrestling has a captive audience with same-day telecasts
      532 31  -  By SHARON LEE IT’S a strangely addictive sport some say entertainment where grown men dressed in colourful gear battle one another in the ring. Welcome to WWE, short for World Wrestling Entertainment, where larger-than-life wrestlers and scripted storylines keep fans worldwide enthralled.
      PHOTO: AFP  -  532 words
    • CINEMA
      • Article, Illustration
        Lock icon Acclaimed film fare
        765 32  -  The Endeavours Documentary Film Festival and 24th European Union Film Festival offer a cerebral outing, writes DYLAN TAN writesDYLAN writesDYLAN TAN SUPERHEROES and extra-terrestrials might be dominating the local multiplexes now as part of Hollywood’s summer blockbuster season but cinephiles needn’t feel sidelined, thanks to two film
        PHOTOS: EDFF, EUFF  -  765 words
      • Article, Illustration
        Lock icon Guerrilla comedy is a cult hit in China
        530 32 HOLLYWOOD might be splashing millions to court Mainland Chinese cinema-goers by casting the likes of Fan Bingbing and Zhang Ziyi in English blockbusters but one foreign filmmaker has caught the hearts and imagination of the people there with his low-budget talkie. Icelandic
        PHOTO: EUFF  -  530 words
      • Article, Illustration
        Lock icon Bland film about blonde ambition
        509 32  -  By GEOFFREY EU BEING blond and bland is not an appealing trait, whether you’re a person, a beer or a movie. Walk of Shame is a bland film about a blond person and as it turns out, that’s not a good thing either. This is
        509 words
      • Article, Illustration
        Lock icon Bad Neighbors sinks to new lows
        477 32  -  By GEOFFREY EU THE basic premise behind Bad Neighbors rowdy frat house boys move in next door to suburban couple not far removed from their own college days may not be especially original, but it does set the stage for any number of shenanigans
        477 words
    • ARTS/TELEVISION
      • Article, Illustration
        Lock icon The full Monty
        860 33  -  An Evening with John Cleese at the NUS Cultural Centre proved to be a nostalgic joy ride with the Monty Python star and world-class comic, writes GEOFFREY EU By GEOFFREY EU THERE’S nothing like a bitter and costly divorce to drive a man back to work. It
        PHOTO: ALOYSIUS LIM/LA COMEDY LIVE  -  860 words
      • Article, Illustration
        Lock icon Rescuing pets and owners
        614 33  -  By DEBBIE YONG debyong@sph.com.sg HE came, he charmed, and then he came back again for more. Gregarious Mexican-born American dog trainer Cesar Millan and star of popular reality TV series, the Dog Whisperer, so captivated local audiences during his maiden visit here in 2012, that he
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      • Article, Illustration
        Lock icon Dealing with the afterlife
        540 33  -  By GEORGINE VERANO IMAGINE if someone you lost came back from the dead. That’s exactly what the residents of small town Arcadia have to deal with when their presumed dead loved ones start reappearing in Resurrection, a new American series named as the season’s most-watched regular
        PHOTO: SPRG PTE LTD  -  540 words
      • Article, Illustration
        Lock icon Another homerun for Pangdemonium
        560 33  -  By DEBBIE YONG debyong@sph.com.sg PANGDEMONIUM is on a roll. Its last musical Next To Normal clinched the Production of the Year trophy at this year’s Life! Theatre Awards. And its new musical The Rise and Fall of Little Voice has hit another homerun for the company.
        PHOTO: PANGDEMONIUM PRODUCTIONS  -  560 words
    • ARTS
      • Article, Illustration
        Lock icon The long, lonely road to recognition
        1212 34  -  After two decades of struggle, acclaimed performance artist Lee Wen finally gets his day in the sun his first commercial solo, writes HELMI YUSOF writes HELMI YUSOF helmi@sph.com.sg LEE Wen picks up his guitar, fixes a harmonica brace around his neck, and makes up
        PHOTOS: JOSEPH NAIR, IPRECIATION GALLERY  -  1,212 words
      • Article, Illustration
        Lock icon Bard’s high drama in high finance
        541 34  -  By HELMI YUSOF helmi@sph.com.sg TO paraphrase Shylock’s immortal words, hath not a banker eyes? Hath not a banker hands, organs, affections, passions? If you prick a banker, does he not bleed? If you tickle a banker, does he not laugh? A banker would say
        PHOTO: SRT  -  541 words
      • Around Town
        • Article
          Lock icon Classical
          368 34  -  Compiled by GEORGINE VERANO CHEW HUI-YAN gverano@spg.com.sg hychew@sph.com.sg No Country: Admire a wide variety of artworks by 16 artists from 11 different countries in the exhibition entitled No Country: Contemporary Art for South and Southeast Asia. The exhibition revolves around the transformation, historical and contemporary influences within and beyond
          368 words
        • Article, Illustration
          Lock icon Pick of the Week
          141 34 Erdinger Maifest: The Erdinger Maifest is back for its third year, with a more authentic German cultural experience for festival-goers. Welcome the arrival of spring, German style, at Clarke Quay this May with the Maibaum (Maypole), German food and drinks as well as performances by German
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    • PURSUITS
      • Article, Illustration
        Lock icon Revisiting the Roots of inspiration
        914 35  -  Singaporean ND Chow who has celebrities on his speed dial, returns to his earliest works, reportsRACHEL RACHEL LOI says. rachloi@sph.com.sg THEY say the grass is always greener on the other side. But while most say it without any experience to back it up, photographer ND
        PHOTOS: ND CHOW  -  914 words
      • Article, Illustration
        Lock icon Common sense about vintages and vintage reports
        833 35  -  By N K YONG FASHION exists in wine as in other aspects of life. The current preference (I hesitate to call it a craze) in wine is Burgundy, red Burgundy rather than white. At the current rate of sales and consumption two predictable
        PHOTO: AFP  -  833 words
      • Article, Illustration
        Lock icon Unleash your green fingers
        421 35  -  By RACHEL LOI rachloi@sph.com.sg DO you have green fingers? Or enjoy making small talk with your potted plants? Then you just might be interested in stopping by the Singapore Garden Festival (SGF) when it comes to town later this year, to see how the best get
        PHOTO: SINGAPORE GARDEN FESTIVAL 2014  -  421 words
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  • Page 34 Miscellaneous
    • Miscellaneous
      Lock icon Page 34 Miscellaneous Column 1
      335 34 CRYPTIC CROSSWORD Across 1 Induce spell of energetic play in gym (6) 4 Short reptile sits beside American plant (6) 8 Last session for student, a learner that’s kept at home (8) 10 Reduce the intensity of reminder from club treasurer? (6) 11 Fibre is hard, in need of ventilation
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      928 36 Gourde *7a Proudly Presented by is: A CELEBRATION OF JAPANESE CULTURE FINE CUISINE 28 APRIL 31 MAY 2014 GOURMET JAPAN EVENT LISTING UiaiSISiS RISIS PRESENTS AN EVENING SOIREE WITH THE HAKUSHU 29 April I 6.30pm I ME@OUE imi.iui IZAKAYA COCKTAIL DINNER 30 April I 6pm I Izy SOLD OUT HONDA
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