The Business Times, 28 May 2014

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Microfilm: NL33139
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, May 28, 2014
    25 words
  • Article, Illustration
    Lock icon S’pore’s finance sector needs better resilience
    834 1  -  McKinsey: Dealing from a position of strength will help it cope with future upheavals By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] Singapore may have remained steadfast in the face of the recent global financial crisis (GFC), but it is not immune to future threats of
    Source: Global Insight  -  834 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,274.06 (-8.82) HST INDEX FUTURES 3,274.00 (-9.00) HSIMSCI 371.70 (-1.22) HSIMSCI FUTURES 372.30 (-1.40) US$ S$ US$ (S$ per US$) 1.255 (US$/S$ per 1.686 2.117 EURO (US$/S$/€ 1.365 1.713 Foreign currency per US$ S$ YEN 101.80 81.10 RM 3.216 2.562 HK$ 7.753 6.176 BAHT 32.63 25.99 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Tuesday Change KL COMP 1,867.57 +4.77 NIKKEI 225 14,636.52 +34.00 HANG SENG 22,944.30 -18.88 SET INDEX 1,392.73 +4.44 JAKARTA COMP Closed MANILA COMP 6,780.26 -10.16 SEOUL COMP 1,997.63 -12.72 SHENZHEN B 823.84 +0.68 MUMBAI IND 24,549.51 -167.37 12noon EDT Change DOW 16,669.88 +63.61 NASDAQ 4,221.62 +35.81
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 5.35 MALAYSIA INDONESIA HONG KONG 5.00 INDONESIA 15.088 TAIWAN US JAPAN 1.475 KOREA 9.33 Source: Bloomberg
      19 words
  • Article, Illustration
    Lock icon Police report made on jump in transport shares
    490 1  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] The sharp run-up in the share prices of transport operators, ahead of changes announced recently to the public bus framework, has led to a police report calling for investigations into potential insider trading. Blogger and activist
    FILE PHOTO  -  490 words
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      Lock icon Page 1 Advertisements Column 1
      365 1 HOCK LOCK SIEW What’s a healthy level of speculation? PAGE 4 STRAIT TALK Cut the VHF chatter, follow the rules! PAGE 22 EXEC MONEY Big financing demand from HNWIs PAGE 32 COMMENTARY Running the engine of growth with water PAGE 20 8 "*****1 11 *****4 i m n With your
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  • TOP STORIES
    • Article, Illustration
      Lock icon $1.2b govt IT tenders planned for this year
      793 2  -  By AMIT ROY CHOUDHURY By amit@sph.com.sg@AmitRoyCBT [SINGAPORE] Smaller and more focused IT projects will feature prominently in this fiscal year’s $1.2 billion worth of government infocomm tenders. The areas in which tenders will be called include cybersecurity, infrastructure, system development and maintenance,
      793 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      328 2 Finance sector needs better resilience SINGAPORE may have remained steadfast in the face of the recent global financial crisis, but it is not immune to future threats of this nature nor to the upheaval in global markets, given the internationalisation of its domestic financial services sector. FRONT PAGE
      328 words
    • Article, Illustration
      Lock icon Household wealth takes knock as HDB values fall
      1086 2  -  MAS data suggests value of holdings could be reaching inflexion point By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] Several rounds of cooling measures and a major ramp-up of housing supply are making their impact felt on household balance sheets with the value of
      Source: MAS  -  1,086 words
    • Article
      Lock icon Govt finalising plans to extend re-employment age to 67
      531 2  -  YESTERDAY IN PARLIAMENT By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT [SINGAPORE] The government is finalising plans to extend the re-employment age to 67 years from the current age of 65, Senior Minister of State for Health and Manpower Amy Khor said in Parliament
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    • Article
      Lock icon SME development agency will provide a boost: McKinsey
      593 2  -  By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] The need to ensure that Singapore’s small and medi-um-sized enterprises (SMEs) have access to stable financing to ensure their growth and development, is not new. But global management consulting firm McKinsey Company has taken the discussion
      593 words
    • Article
      Lock icon Durable goods orders increase 0.8% in April
      452 3 LATEST US DATA Reu ters AFP [WASHINGTON] Orders for long-lasting US manufactured goods unexpectedly rose in April, but a drop in a measure of business capital spending plans could temper expectations for a sharp rebound in economic growth this quarter. The Commerce Department
      Reuters; AFP  -  452 words
    • Article, Illustration
      Lock icon Leading role for Chocolate King in Ukraine crisis
      433 3  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT [SINGAPORE] Petro Poroshenko may have found international fame upon becoming the new president of Ukraine this week, but the oligarch is no stranger to fortune. He has US$1.2 billion in personal wealth, which he accumulated from his
      433 words
    • Article, Illustration
      Lock icon Tycoon loses lawsuit against Trans Eurokars
      583 3  -  Fragrance hotel boss had sued Rolls-Royce’s S’pore distributor By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] Fragrance Hotel boss Koh Wee Meng, who sued the Rolls-Royce distributor over his allegedly defective $1.4 million Phantom, has lost. The Singapore billionaire, who according to Forbes is worth US$1.3 billion,
      FILE PHOTO  -  583 words
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      72 3 OPENING IN 3 DAYS ON 31STMAY DISCOVER SINGAPORE’S FIRST BOUTIQUE LUXURY HOTEL WHERE COSMOPOLITAN MODERNITY MEETS INNOVATIVE HERITAGE. Book now and receive a complimentary $100 food and beverage credit for a limited 100-day period. Refer to 100 Dollars, 100 Days when booking on Sofitel.com Validity: 31STMay 2014-7THSeptember 2014 Terms Conditions
      72 words
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  • COMPANY NEWS
    • Article
      Lock icon KKR to acquire Goodpack in a $1.4b deal
      400 4  -  Affiliate of KKR is making an offer to shareholders at $2.50 per share By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT GLOBAL private equity firm KKR is acquiring Goodpack in a deal that values the local packaging logistics company at about $1.4 billion. This comes
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    • COMPANY BRIEFS
      • Article
        Lock icon Wilmar unit completes share subscription
        51 4 WILMAR’S subsidiary Wilmar Sugar Holdings (WSH) has completed the subscription of 257.5 million shares in Shree Renuka Sugars (SRS) at a price of 20.08 rupees per share under a preferential allotment agreement. As a result, WSH now owns 27.72 per cent of SRS’s equity share
        51 words
      • Article
        Lock icon Global Yellow Pages buys Yamada shares
        47 4 GLOBAL Yellow Pages (GYP) has acquired 672,000 shares in Yamada Green Resources via market transactions between May 16 and 26 for a total of $116,600. GYP now has a stake of 20 per cent in Yamada, up from 19.87 per cent.
        47 words
      • Article
        Lock icon LionGold may report full-year pre-tax loss
        72 4 LIONGOLD Corp is expected to report a pre-tax loss for the full year ended March 31, due to care and maintenance costs from its operations in Bolivia and Ghana as well as substantial losses from impairment loss on goodwill and exploration and evaluation expenditure.
        72 words
    • Article
      Lock icon LCD Global offer: investors urged to base choice on timeframe
      278 4  -  By KENNETH LIM kenlim@sph.com.sg @KennethLimBT INDEPENDENT directors of LCD Global Investments are urging short-term shareholders to accept and long-term shareholders to consider rejecting a takeover bid for the property developer, according to a circular sent out on Monday. The independent
      278 words
    • Article
      Lock icon What’s a healthy level of speculation?
      643 4  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg @RSivanithyBT HERE’S a school of thought among some stock market participants that a major factor behind the absence of retail players this year is an overly strict regulatory regime that makes it difficult for activities under the
      643 words
    • Article
      Lock icon CSC swings back into the black in Q4
      496 5  -  Revenue falls 13.4% as property cooling measures bite By RAPHAEL LIM raphlim@sph.com.sg THE going was tough for CSC Holdings in the final quarter and full year ended March 31 (FY2014) but the engineering company managed to swing into the black after incurring
      496 words
    • Article
      Lock icon PICTET
      271 5 Pictet-Absl Rtn Fxd Inc-HP EUR 22/05/2014 EUR 102,81 Pictet-Absl Rtn Glo Div-P EUR 22/05/2014 EUR 115,95 Pictet-Asian Equities Ex Japan-P USD 23/05/2014 USD 187,67 Pictet-Asian Local Currency Debt-P USD 23/05/2014 USD 148,39 Pictet-Biotech-P USD 22/05/2014 USD 536,48 Pictet-Clean Energy-P USD 22/05/2014 USD 87,51 Pictet-Digital Communication-P USD 22/05/2014 USD 198,77
      271 words
    • Article
      Lock icon Jason Marine profit up as operations revamp pays off
      339 5  -  It proposes final dividend of 0.2¢ and special dividend of 0.8¢ per share By JAIRA KOH jairakoh@sph.com.sg MARINE electronics systems integrator Jason Marine Group’s realignment of its operations has paid off as it ended its financial full year with a surge
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    • Article
      Lock icon S’pore firms take longer to close books: survey
      427 7  -  Audit costs also higher; S’pore’s role as regional HQ hub a possible reason B)’ LESTER WONG |esterw@sph.com.sg SINGAPORE companies take about one-and-a-half times longer to close annual and quarterly books and incur twice the audit costs compared to their global peers, according
      427 words
    • Article
      Lock icon Disposal gain puts Transcu in the black
      282 7  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT TRANSCU Group reported a net profit of US$4.53 million for the financial year ended March 31, 2014, swinging into the black from a loss of US$64 million previously, as the bottom line was boosted by a US$15.9 million
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    • Article
      Lock icon Cooling measures hit Bukit Sembawang’s Q4 earnings
      293 7  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT PROPERTY cooling and loan restriction measures have dented Bukit Sembawang Estates’ fourthquarter bottom line. The residential property developer reported a 29.1 per cent decline in net profit to $18.2 million for the three months ended March 31, 2014.
      293 words
    • Article
      Lock icon POSH posts 76.3% increase in Q1 earnings
      304 7  -  By JAIRA KOH jairakoh@sph.com.sg RECENTLY listed offshore support vessel operator PACC Offshore Services Holdings (POSH) yesterday posted a 76.3 per cent year-on-year increase in first-quarter net profit, driven by the sale of vessels and lower cost of sales. Net profit rose to US$36.7
      304 words
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      120 4 50* Anniversary Be the master in business. It’s possible. Visit our City Campus Shenton to find out more. Edinburgh Napier UNIVERSITY </ One of the Top 10 UK universities for “getting a job’’ (The Telegraph, 2012) y Industry-informed programmes designed for today’s global economy y Lectures will be delivered by
      120 words
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      Lock icon Page 4 Advertisements Column 2
      163 4 NIKKEI k NIKKEI Asian Review Forum in Singapore Asia’s New Era of Opportunity and Cooperation Asia's importance as a global economic growth engine will only increase as ASEAN continues to integrate, develop its infrastructure and nurture a swelling middle class. The Nikkei forum will bring together high-ranking government officials, business
      163 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Banks, Olam drag ST Index down
      631 6  -  RH PetroGas, which mentioned takeover talks last week, is also in the limelight STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE Straits Times Index finished 8.82 points lower at 3,274.06 yesterday, weighed down by declines in the banks and Olam International. Hong Kong closed
      Source: Bloomberg  -  631 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 May 27 VALUE CLOSE BT OB/OS 275.00 +99.00 BT CADI -*****.00 +37.00 BT 10-day MA -*****.00 +28.00 FTSE ST Mid Cap 770.96 +1.34 FTSE ST Small Cap 553.14 +1.48 FTSE ST All Share 798.09 -1.25 FTSE ST China Top 203.89 -0.13 FTSE ST China 231.95 -1.30 FTSE
      77 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Suntec Reit 81,846,000 Oceanus 63,685,000 RH PetroGas 48,859,000 Rex Intl 47,681,000 LifeBrandz 45,482,000 APAC Strategic 39,794,000 Noble 39,105,000 SunVic Chemical 32,346,000 STATS ChipPAC 26,775,000 Gallant Venture 26,742,000 VALUE($) Suntec Reit 146,187,535 DBS Grp 64,866,140 UOB 60,015,320 Noble 52,392,695 Global Logistic 48,081,275 RH PetroGas 46,342,905 Rex Intl
      58 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 4 3 0 0 0 8 4 3 Manufacturing 50 38 47 10 7 8 60 45 55 Commerce 22 16 21 6 2 3 28 18 24 Tpt/Stor/Comms 21 10 12
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      916 6  -  Compiled by TEH SHI NING Boustead Singapore May 27 close: S$1.845 UOB Kay Hian Research, May 27 MAINTAIN “hold” and target price of S$2.00. We value Boustead Singapore (Boustead) using a sum-of-the-parts (SOTP) model and at 16.6 times FY2015 forecast PE (ex-cash 14.1 times). We like its high
      Source: Bloomberg  -  916 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 48,885 48,885 86,091 86,091 Manufacturing 299,502 43,727 343,229 169,008 5,929 174,937 Commerce 243,149 75,675 318,824 93,409 11,216 104,625 Tpt/Stor/Comms 128,912 1,742 130,654 153,158 209 153,367 Finance 15,441 756 16,197 158,259 228 158,487 Construction 29,736 35,705
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      119 6 Stock name Close Change CapitaLand 3.140 -0.040 CapitaMall Trust 2.070 +0.030 CapitaMalls Asia 2.350 CityDev 10.51 +0.010 ComfortDelGro 2.350 +0.040 DBS Grp 16.87 -0.110 Genting Sing 1.325 -0.005 Global Logistic 2.780 -0.030 Golden Agri-Res 0.575 HPH Trust USD 0.740 +0.005 HongkongLand USD 6.880 -0.160 JMH 400
      119 words
    • Article, Illustration
      Lock icon Pound retreats after European elections
      494 6 CURRENCIES Reuters [LONDON] Sterling sank as much as 0.4 per cent against the US dollar and euro yesterday, after weak lending data added to concerns over a European election win for the anti-EU UKIP party. Dealers said the pound, little traded during a UK and
      Reuters; PHOTO: BLOOMBERG  -  494 words
    • Article
      Lock icon RISES
      118 6 BY CENTS CLOSE UP DBXT AUDCS 5SG$ ***** 77.0 0.3 DBXT MSEurope 10US$ 6338 71.5 0.9 DBXT AUDCS 5US$ ***** 67.8 0.3 DBXT E50 10US$ 5519 55.2 0.8 DBXT iBoxxSvEu 5US$ ***** 52.7 0.2 DBXT EONIA 5US$ ***** 49.0 0.2 DBXT iBoxxKR 5US$ ***** 25.1 0.1 Jardine C&C 4530
      118 words
    • Article
      Lock icon FALLS
      131 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -298.7 -1.9 GLD 10US$ ***** -114.2 -0.7 DBXT MSKorea 10US$ 6460 -71.5 -0.9 Lyxor MS India 10US$ 1569 -57.7 -2.8 UOB 2211 -39.0 -1.7 Lyxor ThaiSET 10US$ ***** -37.7 -0.2 SPDRS S&P 500 10US$ ***** -30.1 -0.1 UOB.ES.1405 2221 -25.0 -1.1
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      166 7 Metropolitan Festival Orchestra Presents: THE ORD s OF THE w o o m i Howard Shores Soundtrack Performed Live with Full Mi bv 250 Musicians Movie I m: Kmokumya km ok Printers Bridging Frontiers BRINGING TOGETHER WESTERN AND CHINESE CLASSICAL MUSIC In a Celebration of Orchestral Music that Crosses Cultural
      166 words
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      Lock icon Page 7 Advertisements Column 2
      413 7 mm CleanEnviro Summit Singapore Innovative Clean Enviro-Solutions for Asia’s Growing Cities 1 4 June 2014 Sands Expo and Convention Center Marina Bay Sands, Singapore www.cleanenvirosummit.sg CleanEnviro Summit Singapore (CESS) An Event Not To Be Missed Organised by the National Environment Agency (NEA), Singapore, CleanEnviro Summit Singapore (CESS) is the global
      413 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Q1 receipts of services sector up 4.9%
      387 8  -  Health social services recorded highest turnover growth of 9.5% By KELLY TAY kellytay@sph.com.sg @KellyTayBT THE services sector raked in 4.9 per cent more in firstquarter sales than it did a year ago, with all segments experiencing single-digit increases in turnover. But the pace
      FILE PHOTO  -  387 words
    • Article
      Lock icon Ads still in for print magazines
      380 8  -  Bigger, premiumposition ads get greater attention, higher reader recall, says survey By LISABELLE TAN lisatan@sph.com.sg ADVERTISEMENTS in print magazines continue to attract and engage readers in this digital age, global market research firm GfK has found. A recent survey it did revealed that more
      380 words
    • Article
      Lock icon Japanese bearings firms fined $9.3m for price fixing
      561 8  -  It is the highest combined fine for a single infringement of the Competition Act here By KARA QUEK karaquek@sph.com.sg FOUR Japanese bearings manufacturers, with their Singapore subsidiaries, have collectively been fined $9.3 million by the Competition Commission of Singapore (CCS) for price
      561 words
    • Article, Illustration
      Lock icon Servcorp, Regus announce new office offerings
      329 8  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT TWO workplace providers are expanding their office offerings in Singapore, driven by demand for short-term and flexible business spaces. Australia-listed Servcorp said it will double its office space at Marina Bay Financial Centre (MBFC) Tower 2 to more than
      329 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon LTA awards 4 contracts worth $1.1b
        145 8 THE Land Transport Authority (LTA) has awarded $1.1 billion in contracts for the Thomson Line. These are for the construction of the: NOrchard Boulevard station, which was awarded to KTC Civil Engineering Construction at a contract sum of about $143 million; NGreat World station
        145 words
      • Article
        Lock icon SISV restructured for greater autonomy
        107 8 THE Singapore Institute of Surveyors and Valuers (SISV) has been restructured to give its individual professional groups greater freedom to make decisions. It will now have separate councils for its three professional groups valuers and general practice surveyors, land surveyors and quantity surveyors instead of
        107 words
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      6 8 Show Price Show Price Show Price
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      67 8 IMMEDIATE SPACE FOR RENT Technopark@Chai Chee 750-750E Chai Chee Road, Singapore *****0 *****5 6 buildings equipped with in-house and lifestyle amenities Floor area: 1,000 sq. ft. 95,000 sq. ft. Fully air-conditioned with high ceiling: 4.35m 5.85m Well-served by F&B establishments, shopping malls, banking and medical services Within walking distance from
      67 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sia’s EPF posts record 57.7% rise in Q1 investment income
      486 9  -  Performance reflects bullish conditions of Malaysia’s equities market By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S Employees Provident Fund (EPF), the country’s largest pension fund, reported a record 57.7 per cent year-on-year surge in investment income to RM8.8 billion (S$3.4 billion)
      PHOTO: BLOOMBERG  -  486 words
    • Article
      Lock icon Asia shores up food stores to stave off El Nino
      563 9 Reuters [JAKARTA] Asia’s governments are scrambling to head off the potential impact of a weather phenomenon that in the past has driven food prices to levels that sparked social unrest. With lessons learnt, Indonesia’s government is handing out calendars to
      Reuters  -  563 words
    • Article
      Lock icon Boustead unit to raise RM1b from IPO
      478 9  -  By PAULINE NG in Kuala Lumpur BOUSTEAD Plantations Bhd (BPB) aims to raise some RM1.05 billion (S$409.6 million) from an initial public offering (IPO) which appears set to be the year’s biggest, as larger planned offerings have been deferred. The plantations unit of
      478 words
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      145 9 o Traditional Italian Food At Its Best Catch Chef Antonio Facchinetti in action as he serves up traditional Italian favourites at Prego in a dining style to the theme of Italian Trattoria. With strong emphasis on hand-made, house-cured For reservations, please call +65 6431 6156, email dining.singapore@fairmont.com or book online
      145 words
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  • CHINA
    • Article
      Lock icon China pushes local banks to remove IBM servers
      697 10 Beijing plans to replace them with local brand, as spy row with US escalates Bloomberg [BEIJING] The Chinese government is pushing domestic banks to remove high-end servers made by International Business Machines Corp (IBM) and replace them with a local brand, according
      Bloomberg  -  697 words
    • Article, Illustration
      Lock icon Placing a bet on Alibaba’s ability to deal with Beijing
      495 10 Bloomberg [NEW YORK] It’s easy to get caught up in the glossy numbers within Alibaba Group Holding Ltd’s IPO prospectus: 44 per cent profit margins, 72 per cent revenue growth, and 231 million active buyers last year. Beyond Page 19
      Bloomberg; PHOTO: REUTERS  -  495 words
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      972 10 OSO* AGRICULTURAL BANK OF CHINA (INCORPORATED IN THE PEOPLE’S REPUBLIC OF CHINA) HEAD OFFICE: No.69 Jianguomen Nei Avenue, Dongcheng District, Beijing *****5 PRC. Tel: (8610) 8510 9619 Fax: (8610) 8510 8557 http://www.abchina.com SINGAPORE BRANCH: 7 Temasek Boulevard #30-01/02/03 Suntec City Tower 1, Singapore *****7. Tel: (65) 6535 5255 Fax: (65)
      972 words
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      1129 10 The Business Times NOTICES CIC CREDIT INDUSTRIE!. ET COMMERCIAL (A BANK INCORPORATED IN FRANCE) Consolidated Statement of Financial Position (in millions) Capital Adequacy Pillar 2 of the Basel Accord requires banks to carry out their own assessment of their economic capital and to use stress scenarios to assess their capital
      1,129 words
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      6 10 Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices
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  • INDIA
    • Article, Illustration
      Lock icon New PM inherits old trade tensions with US
      952 11 Modi, previously denied a visa, has to sort out ‘problem areas’ with America Bloomberg [NEW DELHI] Indian Prime Minister Narendra Modi, once barred from the United States, now faces the task of easing trade spats with America ranging from protectionism to patent
      Bloomberg; PHOTO: AFP  -  952 words
    • Article
      Lock icon Current account deficit drops to four-year low
      384 11 Bloomberg [MUMBAI] India’s cur-rent-account deficit narrowed to a fresh four-year low as higher tariffs reduced gold imports, giving Prime Minister Narendra Modi’s government more room to bolster Asia’s third-largest economy. The shortfall was US$1.2 billion in January through March, compared with US$4.2 billion
      Bloomberg  -  384 words
    • Article, Illustration
      Lock icon Arun Jaitley could be an effective foil for Modi
      704 11 Finance minister seeks to fix growth, contain inflation Reuters [NEW DELHI] Hardened by a term in prison as a student leader and polished over a career as a successful and urbane courtroom lawyer, Arun Jaitley, India’s new finance minister, could prove
      Reuters  -  704 words
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      750 11 JPMorgan Chase Co. Parent company ofJPMorgan Chase Bank, National Association JPMorgan Chase Co. Condensed Consolidated Statement of Income Year ended December 31, 2013 In millions, Revenue except per share data Investment banking fees 6,354 Principal transactions 10,141 Lending-and deposit-related fees 5,945 Asset management, administration and commissions 15,106 Securities gains 667
      750 words
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      179 11 Heuristics Tools to Your Thi^ 7 Our Heuristics Workshops are conducted in small groups, so your child will receive focused attention. He/She will quickly learn heuristics techniques and be able to apply them right away. Watch their confidence level in Maths and Science grow with us. ,1 ti > A
      179 words
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  • WORLD
    • Article, Illustration
      Lock icon Thai state pension fund looking overseas for better returns
      691 12 It will buy shares in India, Indonesia, the Philippines: fund’s secretary general Bloomberg [BANGKOK] Thailand’s political turmoil is spurring the nation’s biggest state pension fund to look for better returns overseas. The Government Pension Fund has underweight holdings in local shares
      Bloomberg; PHOTO: REUTERS  -  691 words
    • Article
      Lock icon Thai rice prices set to rise by up to 8%
      373 12 Bloomberg [BANGKOK] Rice prices in Thailand are set to advance as much as 8 per cent as the lowest rates in five years attract buyers and on speculation the military government won’t allow sales at cheap levels, exporters said. The
      Bloomberg  -  373 words
    • Article
      Lock icon Japan’s farmers harvest solar energy along with crops
      628 12 Bloomberg [TOKYO] Japan’s campaign to boost renewable power supplies since the Fukushima nuclear disaster is producing some unlikely winners: vegetable farmers. Makoto Takazawa and his father Yukio earned 1.7 million yen (S$20,983) last fiscal year selling electricity from solar panels that hang
      Bloomberg  -  628 words
    • Article, Illustration
      Lock icon Think tank keeps S Korea’s growth forecast at 3.7%
      562 13 KDI also sees lower inflation, sharply higher current account surplus Reuters [SEOUL] South Korea’s top government think tank maintained its forecast for t h i s y ear s econom i c growth at a lower level than the central bank’s
      Reuters; PHOTO: BLOOMBERG  -  562 words
    • Article
      Lock icon Rio Tinto formalises deal with Guinea
      325 13 US$20b agreement is to develop huge iron-ore deposit AFP [SYDNEY] Global mining giant Rio Tinto yesterday said it has formalised an agreement with Guinea’s government to develop the world’s biggest untapped iron-ore deposit after years of wrangling over the US$20 billion deal. The penning
      AFP  -  325 words
    • Article, Illustration
      Lock icon Bill Gates slows down giving to Gates foundation
      1050 14 Its size and Buffett’s donations testing foundation’s ability to give away money NYT [NEW YORK] Bill Gates, who as the richest American has become one of the foremost advocates of philanthropy, has reduced the pace of his own giving to the Bill
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      Lock icon Former trader now sniffs out corruption
      1158 15 He uses analytical skills to spot anomalies in the Philippines’ trade accounts Bloomberg [MANILA] Jamail Marohomsalic, a Customs official in the southern Philippine city of Davao, shuffles his feet and bows his head as his boss tells him that he is being investigated as
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      Lock icon Japan’s net external assets soar 10% in ‘13
      561 16  -  Record 325t-yen holdings reinforce Japan’s position as world’s leading creditor nation By Tokyo ANTHONY ROWLEY in Tokyo THE value of net external assets held by the Japanese government, businesses and individuals jumped by some 10 per cent last year to a record
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      Lock icon Myanmar may let foreign banks operate this year
      433 16 But they would be restricted in their activities: sources Reuters [YANGON] Some foreign banks may be allowed to operate in Myanmar later this year although initially they will only be allowed to have branches in certain areas and offer a limited range
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      Lock icon Eurozone banks face 260m euro bill
      445 16 AFP [FRANKFURT] The eurozone’s biggest banks could face an annual bill of up to 15 million euros (S$25.6 million) apiece for being supervised by the European Central Bank. The ECB said yesterday in a statement that the costs incurred in its new role as
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      Lock icon US-based former traders in UK court over Libor scam
      358 16 Reuters [LONDON] Three former Barclays traders appeared in a London court yesterday as Britain formally began its first criminal proceedings against US-based Libor traders, part of a global investigation into alleged rigging of benchmark interest rates. The Serious Fraud Office (SFO)
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      Lock icon AstraZeneca’s great escape from Pfizer
      1043 17 Under British rules, US drugmaker can make new approach to UK firm in Nov Reuters [LONDON] On a sunny day in San Francisco last January, AstraZeneca chief executive Pascal Soriot was on his way to the Westin St Francis hotel on Union Square to give
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      Lock icon Inversion deal makers ignore scrutiny
      543 17 Bloomberg [WASHINGTON] Democrats in Congress are trying to block companies from cutting their tax bills by moving their legal address outside the US through a merger. Companies are forging ahead anyway. “We’re working on a lot of deals that have this element to it,” said
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      Lock icon Huge private debt load in Denmark hampers recovery
      519 18 Danes more focused on cutting debt than spending Bloom berg [COPENHAGEN] Economists in Denmark are predicting that the world’s highest private debt load will prevent the government from living up to its economic growth forecasts. Danes, who owe their creditors more than
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      Lock icon UK services firms most optimistic since ‘98: survey
      227 18 Reuters [LONDON] Britain’s services companies are at their most optimistic since at least 1998, but, in a potential hurdle for the economic recovery, they are struggling to find the right staff, a survey showed yesterday. The Confederation of British Industry’s quarterly Service
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      Lock icon Bank of Japan starting to mull over stimulus exit
      963 18 However it is wary of market volatility that followed US Fed’s tapering signal [TOKYO] The Bank of Japan has begun shifting its focus from supporting growth to ways of phasing out its massive stimulus, taking the first tentative steps towards a
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      Lock icon Draghi’s plans for credit easing draw flak
      539 18 His proposed assetbacked securities won’t work: pundits Bloomberg [FRANKFURT] Mario Draghi’s plans for credit easing may not turn out to be all that easy. In seeking to unblock the supply of loans to the economy by reviving the European market for as-set-backed securities,
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      Lock icon Queensland bets on China and HK-backed casinos
      294 18 Bloomberg [SYDNEY] The government of Australia’s Queensland state will study proposals for two new casinos backed by Chinese and Hong Kong investors, challenging Echo Entertainment Group Ltd’s hold on the local gambling market. Aquis at the Great Barrier Reef Pty and ASF Consortium
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      738 12 citibank STATEMENT OF FINANCIAL POSITION CITIBANK SINGAPORE LIMITED INCOME STATEMENT CITIBANK SINGAPORE LIMITED INDEPENDENT AUDITORS' REPORT DECEMBER 31, The notes to the accounts form an integral part of the audited financial statements and a full understanding of the statements and the state of affairs of the bank cannot be achieved
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      86 13 Myanmar O Banking Business Development Conference 2014 15- I 7 July 2014 Sule Shangri-La Hotel,Yangon, Myanmar The only strategic conference dedicated to the banking industry and business development climate in Myanmar where people, innovations, and best practices converge to define the future -s l «,\J[SSfc# r iti irp Defining the
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      1412 13 cfFi CONSOLIDATED BALANCE SHEET CITIGROUP INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF INCOME CITIGROUP INC. AND SUBSIDIARIES DECEMBER 31, In millions of US Dollars 2013 2012 Assets Cash and due from banks (including segregated cash and other deposits) 29,885 S 36,453 Deposits with banks 169,005 102,134 Federal funds sold and securities
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      1378 14 Assets UniCredit Bank AG, Head Office: Kardinal-Faulhaber-Strasse 1,***** Munich, Germany. Telephone +49 089 378-0 Singapore Branch: 30 Cecil Street #25-01 Prudential Tower, Singapore *****2 tel: +65 6413 3688 Consolidated Balance Sheet at 31 December 2013 Consolidated Income Statement for the year ended 31 December 2013 2013 2012 millions 2013 2012
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      1135 14 The Business Times NOTICES First Gulf Bank PJSC Head Office: PO Box 6316, Abu Dhabi, United Arab Emirates Singapore Branch: 80 Raffles Place, #10-01/02, UOB Plaza 1 Singapore *****4 CONSOLIDATED BALANCE SHEET 31 December 2013 2013 AED 000 2012 AED 000 Assets Cash and balances with Central Banks 15,944,554 12,844,336
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      6 14 Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices
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      733 15 THE BUSINESS TIMES NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices BID 1856 BANQUE INTERNATIONALE A LUXEMBOURG Head Office: 69 route d’Esch, L-2953 Luxembourg Singapore Branch: 9 Raffles Place, #29-01, Republic Plaza, Singapore *****9 Balance Sheet As at December 31,2013 2012 2013 Supplementary Information to the Financial Statements in million Tier
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      1883 16 Incorporated in France with limited liability Head Office: 9 quai du Président Paul Doumer ***** Paris La Défense cedex France Tel: 33 1 41 89 00 00 Fax: 33 1 41 89 49 83 Website: www.ca-cib.com Singapore Branch: 168 Robinson Road #22-01 Capital Tower Singapore *****2 Tel: 65 6535 4988
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      3040 17 ISR ISR CAPITAL LIMITED (Company Registration No.: *****4762G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 20 Martin Road, #10-01 Seng Kee Building, Singapore *****0 on Thursday, 12 June 2014 at
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      360 18 IntheMatteroftheCompaniesAct,Cap.50 AND RICHMOND CAPITAL PTE LTD Company Registration No. *****7633M (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 111 North Bridge Road #16-03, Singapore *****8 on the 16th day of May 2014, the following Special Resolution was duly passed. RESOLVED THAT
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      219 19 Always Be Discovering with The Business Times Indulge in top quality French wines selected by one of the best sommeliers of France 4 I A 1 f Hails from the outstanding vineyard -Herault vinified Produced in the Patrimonio, the best appellation of li Corsica, a Mediterranean island «sl -SCi N
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  • EDITORIAL & OPINION
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      Lock icon A wake-up call for Europe’s politicians
      493 20 EDITORIAL IN the run-up to the European Parliament (EP) elections that concluded on Sunday, observers generally expected that extremist parties would make some gains. But hardly anyone forecast the dramatic results that we have seen, in which far-right parties have outperformed centrists in such
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      Lock icon Gas deal spells tighter China, Russia ties – albeit uneven
      792 20  - Gas deal spells tighter China, Russia ties albeit uneven THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE huge China-Russia deal on natural gas, which is being hailed as a milestone in the development of relations between the two
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      Lock icon Running the engine of growth with water
      1185 20  -  Cross-border collaboration and cooperation on water can reduce water-war rhetoric By CECILIA TORTAJADA The writer is president of the Third World Centre for Water Management in Mexico. Previously a visiting professor at the Lee Kuan Yew School of Public Policy, she has worked
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      Lock icon Boards hijacked by corp governance
      976 21  -  Set up a ‘compliance committee’ to assist the board, and free the board to do what it does best: business and strategy By LAWRENCE LOH The writer is deputy head and associate professor of strategy and policy at NUS Business School. At the school’s Centre
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      Lock icon Landmark European elections deliver political earthquake
      883 21  -  By ANDREW HAMMOND The writer is a former UK government special adviser, and associate at LSE IDEAS at the London School of Economics VOTERS from the 28 member nations of the European Union delivered an election earthquake on Sunday. Results show major gains in
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      Lock icon Myanmar and the New York Convention: Not just a piece of paper
      869 21  -  By PHILIP JEYARETNAM The writer is a senior counsel, managing partner of Rodyk Davidson LLP and chairman of Maxwell Chambers IN 2013, Myanmar became the 149th signatory to the New York Convention on the Recognition and Enforcement of
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  • Transport HUB
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      Lock icon Cut the VHF chatter, follow the rules!
      639 22  -  A recently launched guide says many investigations reveal VHF radio communication is a contributing factor in collisions at sea STRAIT TALK By DAVID HUGHES Together with shipping industry organisation Bimco, Indonesia, Malaysia and Singapore have jointly published what is described as a “handy
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      Lock icon Seadrill to be top owner of North Atlantic Drilling
      538 22 Reuters [OSLO] The world’s largest offshore driller, Seadrill, will remain the majority owner in North Atlantic Drilling, board member Tor Olav Troeim said, after news at the weekend of a cooperation deal with Russia’s Rosneft. On Saturday, Russia’s largest oil company
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      Lock icon Baja Ferries in talks to buy ailing SNCM
      494 22 Unishipping unit and Transdev discussing sale of 66% stake Reuters [PARIS] US-Mexico ferry operator Baja Ferries is in talks with French transport firm Transdev about buying its 66 per cent stake in loss-making France-Corsi-ca ferry operator SNCM. Operator of a ferry line
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      Lock icon China seeks tie-up with Vale to tranship ore
      285 22 Reuters [BRASILIA] China is interested in setting up a partnership with Brazilian mining major Vale to move iron ore from its giant vessels on to smaller ones, as a ban on the big ships docking at Chinese ports continues, its ambassador to
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      Lock icon HSH plans to cut ship loans by quarter in bad bank unit
      210 22 Bloomberg [HAMBURG] HSH Nordbank AG, the world’s largest financier of ships, plans to cut the seven billion euros (S$12 billion) in loans held by its restructuring unit by more than one-quar-ter by the end of 2016. To reach
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      Lock icon TRANSPORT STOCKS
      254 22 SGX '000 May 27 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.29 unch 83 Cosco Corp 0.73 0.01 1306 Cwt Limited...............1.74 0.01 902 Ezra Hldgs 1.05 0.01 1118 First Ship Lea Grand Banks..............0.27 0.02 390 Jaya Hold Ltd 0.80 unch 4301 K1Ventures 0.18 unch 1619 Keppel Corp
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    • TRANSPORT HUB: AVIATION
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        Lock icon GE hopes CFM venture will boost its bid for Alstom
        882 23 NYT [VILLAROCHE, France] In a cavernous factory planted in farmland here south of Paris, workers assemble the best-selling aircraft engine in history, in a feat of trans-Atlantic industrial cooperation that has few parallels. Engineers and technicians in blue overalls carefully
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      • Article
        Lock icon Etisalat given US$500m for Maroc Telecom deal
        529 23 Grant is latest example of Abu Dhabi govt’s support for local firms’ foreign expansion Reuters [DUBAI] Abu Dhabi gave Etisalat a US$500 million grant towards its 4.14 billion euro (S$7.1 billion) purchase of 53 per cent of Maroc Telecom, the company’s prospectus for
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        Lock icon US airports become biz meeting centres
        357 23 NYT [NEW YORK] About once a month, Therese Hampton flies from Portland, Oregon, where her home office is based, to the SeattleTacoma International Airport, a 35-minute flight, to meet with co-workers. She does not go far from there. She joins her colleagues, many of
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        Lock icon M’sia, UK firm release satellite data on MH370
        592 23 Relatives hope outside analysis of information will provide clues Reuters [KUALA LUMPUR] Malaysia’s government and British satellite firm Inmarsat yesterday released the data used to determine the path of missing Malaysia Airlines flight MH370, responding to mounting calls from passengers’ relatives for
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    • TRANSPORT HUB: LAND
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        Lock icon Tata tries to sell the Nano Twist as a cool car
        986 24 New model aimed at younger, more affluent customers NYT [NEW DELHI] When Tata Motors rolled out an inexpensive compact vehicle in 2009, the company heralded the car, saying it would change the lives of millions of Indians, particularly among
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        Lock icon Motor insurers cut premiums after solid year
        446 24  -  They’re in the black for the third time in a row; profit rises 17.3% to $59.1m By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] Motor insurance premiums have fallen as most insurers cut prices after a profitable year in 2013, while others compete for more business.
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        Lock icon Holden recalls 45,000 cars over likely seatbelt fault
        314 24 AFP [SYDNEY] General Motors’ Australian subsidiary Holden recalled more than 45,000 Commodores on Monday over a potential seatbelt fault, following withdrawals by rivals Toyota and Hyundai due to various issues last week. The recall, which affects 41,933 cars in Australia and 3,744
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        Lock icon Canada probing two fatal crashes in GM vehicles
        385 24 Accidents could be related to recall on faulty switches Reu ters [OTTAWA] Canada is probing two fatal crashes in General Motors Co (GM) vehicles which were subject to a recall to fix faulty switches and has received nine further complaints from drivers,
        Reuters  -  385 words
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      48 22 FI'EE FACILITIES MANAGEMENT SOLUTIONS EXPO 2014 14 -16 October 2014 SINGAPORE EXPO HALLS 3 4 www.fmse.com.sg "—rr n: TOWARDS BUILT -V To Exhibit: Tel:+65 6319 4021 Email; fmse@sph.com.sg To Visit: Pre-register at www.fmse.com.sg J 7 E&SSS Sil-ilWHigHB Organised by: Co-located with: sphere |i||FACIL1TIES MANAGEMENT CONFERENCE 2014 A SUBSIDIARYOF^I
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      61 22 RATE RESTORATION NOTICE To maintain existing service levels of below trade lanes, we wish to inform that with effect from 8 June 2014, the following rate adjustments will be applicable 1. SINGAPORE/PORT KELANG KOLKATA v.v: USD100 PER TEU INCREASE. 2. SINGAPORE/PORT KELANG CHENNAI, KRISHNAPATNAM AND VISAKHAPATNAM v.v: USD90 PER TEU
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  • Page 23 Miscellaneous
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      329 23 CRYPTIC CROSSWORD Across 1 Engages the man, surrounded by chaos (6) 5 Earliest couple of subeditors quietly sat and thought (8) 9 Old boy’s back, covered in Spanish wine and curry (8) 10 Arrangements for groups to incorporate raise (3-3) 11 Dance parade follows low point (8) 12 Scam discovered
      329 words
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      28 24 JUNE ISSUE OUT NOW! Breakfast with >>> JULY 12, 2014 (SATURDAY) It’s time to meet the new British villain in person, the F-TYPE Coupé. SIGN UP NOW AT WWW.TORQUE.COM.SG/EVENTS
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      8 24 IN THE MORNING -WEEKDAYS 6AM-10AM-D facebook.com/kiss92fm JW-@kiss92fm www.kiss92.sg
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      54 24 RATE RESTORATION NOTICE With effect from 8 June 2014, the following rate adjustments will be implemented. This rate recovery is to maintain existing service levels. 1. SINGAPORE/PORT KELANG CHITTAGONG v.v: USD50 PER TEU INCREASE (LADEN/EMPTY) 2. COLOMBO CHITTAGONG v.v: USD50 PER TEU INCREASE (LADEN/EMPTY) X-PRESS FEEDERS 11 DUXTON HILL SINGAPORE
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      19 24 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
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  • Article
    Lock icon SHIPPING TIMES
    2234 25 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      39 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times Shpping Dues
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      157 26 mporters coking 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 TO ADVERTISE, CALL JOE
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      3995 27 Transaction date: May 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.5 10.4 8Telecom Vol Day Last Quote --AAT Net M Cap 13.6 6.7 AIMS Property 13.2 -0.2 80 13.6 13.2
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      Lock icon SGX CATALIST
      429 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32 23 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) 32.5 16 t
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      Lock icon UNIT TRUST & FUNDS
      10758 28 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited 1.54/ Asian Local Ccy SD Bond Aberdeen Asset Mat Asia Limited American Odd Global Emerging Markets!** Asian Local Ccy SD Bond *****/ 1 9963/ China Opportunities 2 8565/ EM Local
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      Lock icon GLOBALQUOTE
      235 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 336 191 TanChongInt HK332cd +4 639 336 325 330 332 9.7 3.2 3.3 6686.1 DISCLAIMER: All information is published “as is” without warranty of any kind
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      Lock icon SGX ETF
      1126 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 119.8 108.3 ABF SG Bond ETF 114.9 +0.4 2 114.9 114.9 114.7 114.9 524.5 138.7 119 CIMB APAC Div 100S$D 130.7 -1.2 130.7 130.7 129.5 132.1
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  • FINANCE & COMMODITIES
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      Lock icon SGX DERIVATIVES TRADING
      681 29 May 27 May OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.79 *****.16 *****.68 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****8 Sep14 *****.00 *****.00 *****.00 *****.00 140 9297 MSCI TAIWAN INDEX FUTURES SPOT 324.25 325.17 323.83 May14 324.20 325.10 323.70 325.00 *****1 *****4 Jun14
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr May 26 Index Change Change Change Change Change Change World Preliminary 1211.1 0.3 2.2 0.4 1.8 0.3 2.5 EAFE Preliminary 966.3 0.6 1.0 0.8 1.2 0.7 1.9 Europe Preliminary 1407.0 0.6 3.8
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      Lock icon INTERBANK CROSS RATES
      471 29 May 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.004 5.786 0.679 7.180 54.610 107.225 0.942 9.477 2.978 1.082 91.434 40.542 1.163 9.628 0.829 27.933 30.216 0.549 0.926 Canada 0.996 5.763
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    • Article
      Lock icon CHICAGO BOT
      109 29 May 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1515.50 1518.75 1529.00 1512.25 Aug 14 1445.50 1448.00 1458.00 1442.50 Sep 14 1320.75 1327.25 1336.00 1316.75 Nov 14 1265.75 1270.75 1277.50 1260.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS May 23 May CRUDE(FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.64 -0.23 WTI (Near Mth) 104.99 0.75 Dubai (1-Mth F) 106.30 0.02 Tapis blend 114.80 0.49 Minas 109.80 -0.21 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.28 0.06 Jet Kerosene 119.94 -0.45 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 29 May 27 S$ Bid Offer 1-month 1.2550 1.2558 2-months 1.2550 1.2558 3-months 1.2549 1.2558 6-months 1.2548 1.2556 Source: OCBC
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      Lock icon LONDON METALS
      66 29 May-23 May-23 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1776.00 1757.50 3 months 1814.50 1796.00 Copper, Grade A(US$/tonne) Cash 7021.00 6959.00 3 months 6928.00 6875.00 Lead(US$/tonne) Cash 2124.75 2111.75 3 months 2150.00 2137.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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      Lock icon SIBOR
      37 29 May 27 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      81 29 May 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.3 5-Year NX*****W 2.5 01-Jun-19 105.65 105.78 105.63 10-Year NX*****H 2.750 01-Jul-23 103.32 103.35
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      Lock icon PRECIOUS METALS
      124 29 May 27 GOLD(US$/oz) May 27 May 26 Hong Kong 1288.00 1297.00 May 26 May 23 London 1292.21 1292.45 1292.98 1293.17 Source: Thomson Reuters Source: Reuters CAST BAR May 27 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 311 256 10gm
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      Lock icon PALM OIL
      59 29 May 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 14 2505.0 2509.0 2511.0 2497.0 228 2265 Jul 14 2518.0 2505.0 2518.0 2488.0 3826 ***** Aug 14 2514.0 2505.0 2514.0 2488.0 ***** ***** Sep 14 2511.0 2506.0
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      Lock icon INTERBANK CURRENCY RATES
      156 29 May 27 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1621 1.1632 0.9260 0.9263 Canadian dollar 1.1573 1.1587 0.9227 0.9222 Euro 1.7124 1.7137 1.3645 1.3646 NZ dollar 1.0739 1.0751 0.8557 0.8561 Sterling pound 2.1162 2.1180 1.6862
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      Lock icon LIFFE
      94 29 May 26 COCOA (£/tonne) Close Prev High Low Jul 14 1903 1903 1903 1903 Sep 14 1896 1896 1896 1896 Dec 14 1888 1888 1888 1888 Mar 15 1879 1879 1879 1879 COFFEE(US$/tonne) Close Prev High Low May 14 1999 1999 1999 1999 Jul14 2003 2003 2003 2003 Sep
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
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      35 31 BANKOFSINGAPORE Asia's global private bank Bank of Singapore, 'Best Private Bank' for three consecutive years. Awarded by Asian Private Banker. r V. C r A--T vC 2011 2012 2013 >. 1 A subsidiary of 0OCBC Bank
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