The Business Times, 29 May 2014

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Total Pages: 40
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, May 29, 2014
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  • Article, Illustration
    Lock icon Over $2b projects shelved to ease labour shortage
    689 1  -  HDB homes, rail network, other urgent developments not affected By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] More than $2 billion worth of government projects will be shelved to help ease the shortage of construction workers as the government continues to tighten the inflow
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,271.84 (-2.22) HST INDEX FUTURES 3,272.00 (-2.00) HSIMSCI 371.33 (-0.38) ESIMSCI FUTURES 372.30 (unch) US$ S$ US$ (S$ per US$) 1.256 (US$/S$ per 1.677 2.106 EURO (US$/S$/€ 1.362 1.710 Foreign currency per US$ S$ YEN 101.80 81.10 RM 3.221 2.565 HK$ 7.753 6.175 BAHT 32.65 26.01 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,871.66 +4.09 NIKKEI 225 14,670.95 +34.43 HANG SENG 23,080.03 +135.73 SET INDEX 1,402.79 +10.06 JAKARTA COMP 4,985.58 +21.65 MANILA COMP 6,787.88 +7.62 SEOUL COMP 2,017.06 +19.43 SHENZHEN B 824.03 +0.18 MUMBAI IND 24,556.09 +6.58 12noon EDT Change DOW 16,654.07 -21.43 NASDAQ 4,231.26 -5.81
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE MALAYSIA HONG KONG INDONESIA 6.55 5.00 INDONESIA 15.106 TAIWAN US JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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  • Article, Illustration
    Lock icon Alibaba in $312m deal to leverage SingPost network
    718 1  -  By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT [SINGAPORE] The mailman has seemed bent on delivering good news of late. A week after announcing robust full-year results, Singapore Post (SingPost) yesterday announced that China’s e-commerce giant Alibaba will buy a 10.35 per cent stake in
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      106 1 HOCK LOCK SIEW Include SingPost and others in any trading probe PAGE 5 SPECIAL FEATURE Property: CEO Conversations PROPERTY S'pore office leasing market continues to buzz PAGE 39 PAGES 15-27 COMMENTARY Why Modi is good for Asia, S’pore PAGE 31 8 M 8 ***** 11 *****4 -5 www.vacherdrtre6nstantin.cbra www.thehour lounge.c
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  • TOP STORIES
    • Article
      Lock icon Consultants expect further paring of confirmed list supply
      999 2  -  Slowdown in private home sales, substantial supply pipeline cited By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] An overwhelming majority of property consultants predict that the government will further trim land supply for private housing development in the confirmed list for the second half
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    • Article
      Lock icon Korea’s SK Group, Saudi firm forge US$595m S’pore JV
      437 2  -  By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] South Korea’s SK Group the biggest investor and also builder of the just-completed US$2.4 billion Jurong Aromatics Complex (JAC) here has, through affiliate SK Global Chemical, set up a new US$595 million Singapore-based joint venture with
      437 words
    • Article
      Lock icon Tender unveiled for first bus service package
      343 2  -  The 24 services mostly cover Jurong East, Bukit Batok By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] The first public bus service package to be tendered out will comprise 24 bus services originating from the western part of Singapore, with 16 of the bus services from
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    • Article, Illustration
      Lock icon Thai junta appoints two anti-Thaksin men as advisers
      520 2 Reuters [BANGKOK] Thailand’s junta has appointed two retired generals with palace connections as advisers, putting powerful establishment figures hostile towards former prime minister Thaksin Shinawatra firmly in the ascendant in the country’s long-running power struggle. The junta’s team of advisers includes a
      Reuters; PHOTO: REUTERS  -  520 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      395 2 Labour shortage: $2b projects shelved OVER $2 billion worth of government projects will be shelved to help ease the shortage of construction workers as the government continues to tighten the inflow of foreign workers. FRONT PAGE Alibaba buys 10.3% SingPost stake SINGAPORE Post yesterday said that China’s e-commerce
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    • Article, Illustration
      Lock icon Dr M not the remedy for Proton
      746 4  -  Carmaker desperately needs a fresh jumpstart COMMENTARY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent [SINGAPORE] THE recent appointment of Malaysia’s former Prime Minister Mahathir Mohamad as chairman of the country’s national carmaker Proton was hailed by the media and auto analysts there as a
      746 words
    • Article, Illustration
      Lock icon Electric car sharing on the horizon
      678 4  -  Autolib’ hopes to extend its Paris experience to S’pore Reports by CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT [SINGAPORE] A fresh stab at car sharing in Singapore may be in the works the electric way. French electric car-sha-ring provider Autolib’, which expects its Paris operations to break
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    • Article, Illustration
      Lock icon The French edge in engineering, tech
      838 4 Morpho and other notable French firms are making their presence felt globally [SINGAPORE] Visitors to the showroom of security technology company Morpho in the Parisian suburbs might feel somewhat unnerved. Once their fingerprint details, facial and eye structures are stored inside Morpho’s system (which
      838 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Include SingPost and others in any trading probe
      787 5  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg @RSivanithyBT NEWS that there may be closer scrutiny of recent trading in the shares of SMRT and ComfortDelgro would be welcomed by many in the market who have been outraged at the way these counters
      Source: Bloomberg  -  787 words
    • Article
      Lock icon KKR’s $2.50 a share offer for Goodpack fair, decent: analysts
      653 5  -  Offer price implies multiple of 17.5 times the expected earnings for 2015 By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT GOODPACK shareholders should take the money that private equity firm KKR is putting on the table, several research houses said yesterday. One of
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    • Article
      Lock icon SGX: Trade with caution on Addvalue
      440 6  -  Stock shoots up and firm is not aware of possible reasons By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT A SURGE of as much as 40 per cent in the shares of Addvalue Technologies yesterday prompted a “trade with caution” advice from Singapore Exchange (SGX), after the
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    • Article
      Lock icon Valuetronics’ full-year earnings up 88% at HK$147.9m
      454 6  -  Prior year includes HK$39.8m loss from discontinued ops B y JAIRA KOH By jairakoh@sph.com.sg ELECTRONICS manufacturer Valuetronics Holdings raked in full-year earnings of HK$147.9 million (S$24 million) as business in its industrial and commercial segment grew and a change in product sales mix
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    • Article
      Lock icon Fair-value gains boost Metro’s Q4 bottom line
      504 6  -  B)’ NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT BOOSTED by fair-value gains on investment properties, Metro Holdings posted fiscal fourth-quarter net profit of $43.8 million, almost three times that of $14.9 million a year earlier. This was despite a 97.3 per cent, or $8.3 million, fall
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    • Article
      Lock icon Keppel veteran Teo Soon Hoe to retire
      288 6  -  By KENNETH LIM kenlim@sph.com.sg @KennethLimBT KEPPEL Corp’s senior executive director Teo Soon Hoe will step down after almost 40 years with the multibusiness group, the company announced yesterday. He retires on Sunday, June 1 from the post, as well as from the chairmanship
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    • Article
      Lock icon Global Yellow Pages turns around
      330 6  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT GLOBAL Yellow Pages swung into the black with a net profit of $5.13 million for the financial year ended March 31, from its loss of $124.27 million in the previous year. The net loss in FY2013 had come from one-off
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    • Article
      Lock icon Results snapshot
      266 6 Reported on May 28, 2014 REVENUE NET PROFIT /LOSS Y-O-Y PROFIT CHNG EPS DPS/DPU LAST TRADED PRICE COMPANY REPORTING PERIOD Fischer Tech FY14 S$143.2m S$6.6m (35.5) S$0.0243 S$0.006 S$0.13 Sales rose in all segments except computer peripherals, which contributed 31.3 per cent less revenue from the year before.
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    • Article, Illustration
      Lock icon May sees lower investor confidence in Asia
      463 9  -  Foreign institutional investors more selective in region this month By LESTER WONG lesterw@sph.com.sg INVESTORS are showing a lower risk appetite in Asia this month, according to reports from the State Street Investor Confidence Index (ICI) and HSBC Global Research. State Street’s index, which
      Source: State Street  -  463 words
    • Article
      Lock icon Biosensors’ profit takes a hit
      393 9  -  By RAPHAEL LIM raphlim@sph.com.sg MEDICAL device maker Biosensors International’s net profit took a beating for both its fourth quarter and the full year, hit by lower revenue and thinner gross margins. Net profit for the three months ended March 31, 2014, was US$6.1 million, or
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    • COMPANY BRIEFS
      • Article
        Lock icon Yoma unit raises stake in Myanmar telco
        53 9 YOMA Strategic Holdings’ 80 per cent-owned subsidiary YSH Finance has upped its stake in Myanmar’s telco services provider Digicel Asian Holdings from 8 per cent to 25 per cent. YSH Finance on Tuesday subscribed for an additional 420,000 new shares in Digicel Asian
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      • Article
        Lock icon CCM Group revises rights issue terms
        73 9 CONSTRUCTION and property firm CCM Group has revised terms for a proposed rights and bonus issue that would raise up to $129.1 million in net proceeds. It now plans to issue 12 rights shares at $0.003 each for every existing share, instead of eight
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      • Article
        Lock icon Enviro-Hub, Soilbuild in construction JV
        77 9 ENVIRONMENTAL management company Enviro-Hub Holdings and Soilbuild Construction Group are partnering to undertake a $179.5 million contract for construction, completion and maintenance for a proposed seven-storey multi-user general industrial development at 60 Jalan Lam Huat in Singapore. Soilbuild Construction will control 60 per cent of
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      • Article
        Lock icon A-Reit to be part of STI stocks from June 4
        51 9 ASCENDAS Real Estate Investment Trust (A-Reit) will become one of the 30 Straits Times Index (STI) constituents from June 4. With its move to the STI, A-Reit will be deleted from the FTSE ST Mid Cap Index on the same
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      70 6 Dh/Plays 4 'ial ft Ai\\Ato^uUa™.v\\^ M AV 4 ~y r \»4A O V N c\iacj eeds V imj■■■■ 1 1 o VX> VJ Looking for investments which offer attractive dividend yield and sound growth prospects? Refer to DivPIays in The Business Times Notices on 30 May and The Straits Times
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      223 7 EXCLUSIVE FREEHOL PA E SIXTH DED RESIDENCES w <va m .'ir. m 'am V to J im "V t *5 r SS. m h A ■»> *4- H L^i sSWifflS v I Jfe K-■-X SK-3SWF. mm m m A IS#C s& vV 1 SfcV m ■z t?XW$P r mi.¥ .V
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Non-blue chips shine as STI weakens
      640 8  -  SingPost unveils buy by Alibaba; Addvalue in ongoing unit sale; JES lifted by business activities STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent BLUE chips have had their run and now it appears to be the turn of the others, including second and third-lin-ers. Several
      Source: Bloomberg  -  640 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 May 28 VALUE CLOSE BT OB/OS 311.00 +36.00 BT CADI -*****.00 +113.00 BT 10-day MA -*****.00 +31.00 FTSE ST Mid Cap 773.96 +3.00 FTSE ST Small Cap 556.63 +3.49 FTSE ST All Share 798.56 +0.47 FTSE ST China Top 205.39 +1.50 FTSE ST China 233.38 +1.43 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Addvalue Tech 104,685,000 JES Intl 79,119,000 Mirach Energy 63,914,000 Armarda 63,009,000 Charisma Energy 62,000,000 Noble 59,326,000 Memstar Tech 58,917,000 Albedo 57,155,000 APAC Strategic 46,649,000 ThaiBev 43,761,000 VALUE($) Noble 81,466,755 SingTel 51,866,187 Goodpack 45,376,800 DBS Grp 44,326,441 Suntec Reit 44,220,755 Global Logistic 32,212,400 UOB 32,065,320 ThaiBev 27,252,845
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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 9 3 3 0 0 0 9 3 3 Manufacturing 54 37 41 13 6 8 67 43 49 Commerce 25 17 18 5 1 3 30 18 21 Tpt/Stor/Comms 10 14 16
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      845 8  -  Compiled by TEH SHI NING Goodpack May 28 close: S$2.44 CIMB Research, May 28 GOODPACK and private equity firm KKR have entered into an agreement for the acquisition of Goodpack’s entire share capital at S$2.50/share, by way of a scheme of arrangement. The scheme has a long-stop date
      Source: Bloomberg  -  845 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 51,032 51,032 61,367 61,367 Manufacturing 438,067 107,873 545,940 173,415 10,325 183,739 Commerce 186,815 118,685 305,500 158,312 10,428 168,741 Tpt/Stor/Comms 94,886 14,142 109,028 129,999 1,774 131,774 Finance 15,217 208 15,425 117,139 62 117,200 Construction 27,227 81,504
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      120 8 Stock name Close Change CapitaLand 3.180 +0.040 CapitaMall Trust 2.040 -0.030 CapitaMalls Asia 2.350 CityDev 10.48 -0.030 ComfortDelGro 2.360 +0.010 DBS Grp 16.86 -0.010 Genting Sing 1.325 Global Logistic 2.820 +0.040 Golden Agri-Res 0.570 -0.005 HPH Trust USD 0.740 HongkongLand USD 6.910 +0.030 JMH 400 USD
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    • Article, Illustration
      Lock icon Euro falls for second day against yen
      491 8 CURRENCIES Bloomberg [LONDON] The euro yesterday declined for a second day against the yen as data showed German unemployment unexpectedly increased this month and euro-area lending contracted, boosting the case for more European Central Bank (ECB) stimulus. The shared currency approached a three-month
      Bloomberg; PHOTO: BLOOMBERG  -  491 words
    • Article
      Lock icon RISES
      120 8 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 151.9 0.6 Lyxor ThaiSET 10US$ ***** 111.7 0.7 DBXT MSKorea 10US$ 6536 95.4 1.2 DBXT iBoxxUSTr 5US$ ***** 75.3 0.3 DBXT FTVietnam 10US$ 2746 71.5 2.1 DBXT iBoxxKR 5US$ ***** 61.5 0.3 DBXT USDIGInfl 5US$ ***** 59.0 0.2 JSH 500
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    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -215.9 -1.4 DBXT AUDCS 5US$ ***** -74.1 -0.3 Jardine C&C 4490 -40.0 -0.9 DBXT AUDCS 5SG$ ***** -31.0 -0.1 DBXT MSINDIA 10US$ 999 -27.6 -2.2 JMH 400 USD 6131 -23.9 -0.3 Great Eastern 2159 -22.0 -1.0 UOB.ES.1405 2201 -20.0 -0.9 DBXT DBLCI-OY
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      204 9 Saxo client number: ***** 19.05 Singapore Turn your trade ideas into action Stock Options now available on SaxoTrader Now, with the addition of Single Stock Options on our award-winning platform*, hedge your risk and execute your equity strategies with more possibilities. Apply for an account at saxomarkets.com.sg/stockoptions FX I CFDS
      204 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Power demand firm on strong Q1 growth: EMC
      424 10  -  Wholesale electricity prices remain on ‘low side’ due to strong supply levels B)’ RONNIE LIM ronnie@sph.com.sg ELECTRICITY demand in Singapore stayed “firm” in the past couple of months, said wholesale electricity market operator Energy Market Company (EMC), reflecting the strong firstquarter economic
      424 words
    • Article, Illustration
      Lock icon Stem cell therapy firm to set up manufacturing plants here
      389 10  -  By SHEENA TAN tsheena@sph.com.sg STEM cell therapy firm Mesoblast plans to set up manufacturing plants here, in anticipation that its flagship product, Prochymal, will get approval from the US Food and Drug Administration (FDA) in the next two years. This
      389 words
    • Article, Illustration
      Lock icon AEC on track despite political unrest in region: Lee Yi Shyan
      472 10  -  BY MINDY TAN tanmindy@sph.com.sg @MindyTanBT THE realisation of an Asean Economic Community (AEC) by end-2015 is on track despite the current political unrest in the region. “I think we have largely accomplished what we want to do but that
      472 words
    • Article, Illustration
      Lock icon Ground-breaking for new State Courts complex
      273 10  -  By LISABELLE TAN lisatan@sph.com.sg PLANS for the new State Courts complex were unveiled yesterday at its ground-breaking ceremony officiated by Chief Justice Sundaresh Menon. Scheduled for completion in 2019, the complex will sit on what is now an Urban Redevelopment Authority public carpark in
      273 words
    • Article
      Lock icon Among S-E Asians, S’poreans least keen on rental of personal assets
      490 10  -  By KARA QUEK karaquek@sph.com.sg SINGAPOREANS are not one for sharing their personal items with others for financial gain, it would seem. In fact, they are the least open to this idea in South-east Asia. People in the rest of
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon Consortium to supply trains for new lines
        60 10 THE Land Transport Authority (LTA) has awarded a contract worth $749 million to a consortium made up of Kawasaki Heavy Industries, CSR Qingdao Sifang Co and Kawasaki Heavy Industries (Singapore) for the purchase of 91 four-car trains. These fully automated and driverless trains
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      • Article
        Lock icon SingTel launches faster 4G service
        122 10 SINGTEL has rolled out the first live 4G service, with the first site in Singapore Expo up and running. Capable of data speeds of up to 300 Mbps twice the speed of current 4G services the service is powered by state-of-the-art LTE-Advanced technology. More than
        122 words
      • Article
        Lock icon Nobel Prize winner Sargent joins SMU
        51 10 NOBEL Prize winner Thomas J Sargent has been appointed Distinguished Term Professor of Economics at the Singapore Management University (SMU) for a three-year term from Jan 1, 2015. He is known for his research on coordinating monetary and fiscal policy, stabilising inflation and fighting
        51 words
      • Article
        Lock icon Dentsu sets up two centres of excellence
        98 10 MULTINATIONAL media and digital marketing communications company Dentsu Aegis Network has launched two regional centres of excellence here, specialising in real-time media analytics and creative-technology innovation. The analytics centre of excellence will focus on building capabilities in big-data analytics and technology innovation. The
        98 words
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      44 10 See the latest trends in WORKSPACE DESIGN! F Next-Generation Workscape ie ASIA 16 18 July 2014 Marina Bay Sands, Singapore Sands Expo and Convention Center Level 1, Hall A B Register at www.OfficExpoAsia.com/visit Organised By BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sfft
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      1221 11 ETIKA INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****3131Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Etika International Holdings Limited (the “Company”) will be held at Crystal Suite, Level 2, Holiday Inn Singapore Orchard
      1,221 words
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      2288 11 r ABNAMRO ABN AMRO GROUP N.V. Incorporated In The Netherlands Head Office: Gustav Mahlerlaan 10, 1082 Amsterdam, The Netherlands Singapore Branch: Level 25, One Raffles Quay, South Tower, Singapore *****3 Consolidated Statement of Financial Position As at 31 December 2013 Consolidated Income Statement For the year ended 31 December 2013
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Perak’s Sultan Azlan Shah dies, aged 86
      541 12  -  His son Raja Nazrin Shah is expected to become the M’sian state’s next sultan B)’ S JAYASANKARAN in Kuala Lumpur THE monarch of the Malaysian state of Perak, Sultan Azlan Shah, died yesterday after a long illness. He was 86. His death was
      541 words
    • Article
      Lock icon Indonesian US$ bonds gain most in May
      471 12 Issuance increases as premium declines Bloomberg [SINGAPORE] Indonesian US dollar-denominated bonds have gained the most in Asia in May as issuance picks up and the premium investors demand to hold the debt heads for its fourth consecutive monthly decline. US currency notes sold
      Bloomberg  -  471 words
    • Article
      Lock icon Pork traces found in Cadbury chocolates
      165 12 AFP [KUALA LUMPUR] Chocolate maker Cadbury has recalled two products in mainly Muslim Malaysia after traces of pig DNA were found during a routine check for non -halal substances, Health Minister S Subramaniam said on Tuesday. “Cadbury has voluntarily removed two of its products
      AFP  -  165 words
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      1874 12 Consolidated financial statements year ended 31 December 2013 Balance sheet at 31 December 2013 Board of Directors In millions of euros 31 December 2013 31 December 2012(1) ASSETS Cash and amounts due from central banks 101,066 103,190 Financial instruments at fair value through profit or loss Trading securities 157,740 143,465
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  • GREATER CHINA
    • Article, Illustration
      Lock icon HK banks offer yuan structured deposits as currency weakens
      449 13 Reuters [HONG KONG] Banks in Hong Kong have started to provide yuan structured deposit products to investors who are betting the Chinese currency will depreciate in coming months, amid weak sentiment over the outlook for China’s economy and currency. The products
      Reuters; PHOTO: BLOOMBERG  -  449 words
    • Article
      Lock icon Beijing steps up overhaul of healthcare system
      482 13 Limits on foreign investment in mainland hospitals to be relaxed Reuters [BEIJING] China will ease curbs on foreign investment in joint-venture hospitals, the government said yesterday, as it deepens a sweeping overhaul of its healthcare system aimed at cutting costs and sprucing up
      Reuters  -  482 words
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      2384 13 The Business Times Ik ~T I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg I V i www.sphclass.com.sg/notices Head Office: No 7, Song Ren Road, Taipei, Taiwan (R.O.C) Singapore Branch: 6 Raffles Quay, #20-06, Singapore *****0 Tel: (65) 6593 9280, Fax: (65) 6324 1959, Co. Reg.
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  • WORLD
    • Article, Illustration
      Lock icon Glaxo faces probe by UK fraud office
      578 14 This follows allegations in China of bribery to boost sales Bloomberg [LONDON] GlaxoSmithKline plc faces a criminal probe in the UK after allegations in China that the drugmaker’s employees bribed doctors, hospitals and medical associations to boost sales. The Serious Fraud Office “has
      Bloomberg; PHOTO: AFP  -  578 words
    • Article, Illustration
      Lock icon Trans-Pacific Partnership pact good but old fashioned: Lamy
      476 14 AFP [SYDNEY] Plans for a vast trans-Pacific free trade pact including the United States and Australia were “good” but “old-fashioned”, former World Trade Organization chief Pascal Lamy said yesterday. Mr Lamy, who stood down from the WTO in September, also said that
      AFP; ST FILE PHOTO  -  476 words
    • Article
      Lock icon Repeal of Australia mining, carbon taxes likely: Labor
      449 14 Pro-tax Greens party loses power in upper house from July Reuters [CANBERRA] Australia’s opposition Labor Party yesterday said that two contentious taxes on mining and carbon emissions introduced during its years in power would likely be repealed this year. Before being elected
      Reuters  -  449 words
    • Article, Illustration
      Lock icon EU’s Silicon Valley ambitions facing big challenges
      587 14 Reuters [BRUSSELS] Europe needs to sort out its fragmented telecoms market and regulatory imbalances if it is to spur a new generation of technology start-ups and create its own version of America’s Silicon Valley. The European Union has set aside 80 billion euros
      Reuters  -  587 words
    • Article
      Lock icon Nestle skincare unit grows with US$1.4b Valeant Pharma deal
      319 14 Bloomberg [ZURICH] Nestle SA, the world’s biggest food company, said it will expand its skincare unit in North America by paying US$1.4 billion in cash for commercial rights to sell some Valeant Pharmaceuticals products. The purchase includes corrective facial aesthetic treatments
      Bloomberg  -  319 words
    • Article, Illustration
      Lock icon Thai April factory output down 3.9%
      766 28 Dip is less than forecast; factory overall capacity utilisation at 56.6% Reuters [BANGKOK] Thailand’s factory output dropped for a 13th straight month in April, underscoring the damage that political unrest has caused and the tough job that the new military government faces in reviving
      Reuters; PHOTO: BLOOMBERG  -  766 words
    • Article
      Lock icon Barclays to boost Mid-East hiring amid job-cut plans
      498 28 Bloomberg [DUBAI] Barclays plc, the UK’s second-largest bank by assets, will boost hiring and increase lending at its corporate banking business in Dubai as the lender seeks expansion in emerging markets. The UK lender, which is cutting 7,000 investment banking jobs over
      Bloomberg  -  498 words
    • Article, Illustration
      Lock icon Eurozone consumer confidence level up
      491 28 Reuters [BRUSSELS] Eurozone economic sentiment improved more than expected this month and inflation expectations among consumers and companies rose for the first time since December, European Commission data showed yesterday. Consumer morale rose across the eurozone’s biggest economies, with the notable exception of France, as
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    • Article
      Lock icon UK accounting watchdog warns over bank audits
      694 28 FRC warns of corrective measures against accountants Reuters [LONDON] Accountants who check the books of Britain’s banks must sharpen their act or they could be ordered to take corrective measures, the sector’s watchdog said in a report showing how a core lesson from
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    • Article
      Lock icon Westfield mall tries out online food order programme in US
      436 28 It’s part of efforts to compete against e-commerce rivals Reu ters [SAN FRANCISCO] Australian shopping plaza operator Westfield Group yesterday launched a food-order-ing pilot programme, becoming the latest in the mall industry to test ways to stem a consumer drift
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    • Article
      Lock icon Latin America’s new east-west divide
      905 29 Alantic coast nations are outpaced by the fast-growth ones on the Pacific side Bloomberg [BRASILIA] The end of a dec-ade-long boom driven by cheap money and strong commodity prices has deeply divided Latin America between fast-growth countries along the Pacific coast and stragglers on the
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      531 14 IN THE MATTER OF THE COMPANIES ACT. CAP .50 AND IN THE MATTER OF DBS UNITY TRADING (S) PTE LTD (In Members’ Voluntary Liquidation) Co. Reg No. *****2865C At an Extraordinary General Meeting of the company duly convened and held at 6001 Beach Road #16-01 Golden Mile Tower Singapore *****9
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  • Property: CEO Conversations
    • Article, Illustration
      Lock icon The road ahead for real estate
      1020 15  -  Mindy Tan tanmindy@sph.com.sg @MindyTanBT THERE are choice buys to be had for investors and home-buyers on either side of the causeway, say consultants, with well-priced gems waiting to be found by patient prospectors. In Malaysia for instance, units at the 147-unit Afiniti Residences which
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    • Article, Illustration
      Lock icon Staying Nimble In A Challenging Environment
      1444 16 As the property landscape evolves, CBRE Singapore plans to maintain its position as the industry's leading real estate services company. The office sector in Singapore is most likely to offer the most attractive returns over the next few years despite the real estate market
      1,444 words
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      Lock icon Expanding Abroad For Growth
      1095 17 DWG is looking to ramp up its overseas business to give their customers greater investment choices As Singapore's property market slows due to the cooling measures, one of the country's largest real estate agencies is looking towards overseas properties to shore up growth and give their
      1,095 words
    • Article, Illustration
      Lock icon Building Today With An Eye On Tomorrow
      1233 18 Eco World Development Group strives to embed sustainable practices into its developments to enhance its residents'quality of life. Eco World Development Group may be the new kid on Malaysia's real estate scene, but it is helmed by a team of formidable industry veterans
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      Lock icon A Master Builder
      1242 19 Gamuda Land combines sustainable master planning with innovative solutions to create highly sought-after township developments. During the construction of its maiden township Kota Kemuning, developer Gamuda Land faced a problem. The development lies on the banks of the Klang River, parts of which are low-lying and waterlogged.
      1,242 words
    • Article, Illustration
      Lock icon Entrepreneurship the key to staying competitive
      1197 20 Global Property Strategic Alliance (GPS Alliance) is the first real estate agency to assist developers in GLS tendering Jeffrey Hong, the chief executive of Singapore realtor GPS Alliance, believes the spirit of entrepreneurship will allow his company to stay ahead at a time when
      1,197 words
    • Article, Illustration
      Lock icon Moving Into The Big Leagues
      1398 21 Transforming Melaka with iconic landmark developments, Hatten Group is emerging as a major player in Malaysia's property development and investment arena, says Group Chief Executive Officer, Edwin Tan. In just ten years, the multi awardwinning Hatten Group has emerged as one of the fastest-rising stars
      1,398 words
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      Lock icon An Industry Giant Forges Ahead
      1096 22 After 20 years of success as a property developer, 101 Properties Group Bhd is looking to make its mark on Iskandar Malaysia. After making its mark on Malaysia's real estate scene by transforming the plantations of Puchong in Selangor into a highly sought after residential
      1,096 words
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      Lock icon Knowing What The Customer Wants
      1119 23 With a healthy pipeline of projects, Mah Sing in a good position to mitigate uncertainty in the market Malaysia's Mah Sing Group Berhad has built a reputation over the years as a property developer whose projects leave a lasting impression on investors. The company's ability
      1,119 words
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      Lock icon Making A Mark On The Local Landscape
      1210 24 China-owned MCC Land (Singapore) is proving to be a quality player on Singapore's real estate scene. MCC Land (Singapore) is making a name for itself by racking up an enviable list of high-profile projects in Singapore, including the Keppel Distripark, Universal Studios Singapore
      1,210 words
    • Article, Illustration
      Lock icon Building with an Eye on History
      1208 25 With less pressure to launch new projects, Singapore's United Engineers will focus on more creativity in its new developments. No history lesson on Singapore would be complete without mention of the iconic Victoria Memorial Hall. The 150-year-old concert hall that was built as a
      1,208 words
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      Lock icon Banking On Technical Expertise
      1142 26 UE E&C is leveraging its engineering know how to take on more technically challenging projects. Integrated building solutions provider UE E&C maintains its edge in a competitive property sector by drawing on its specialised expertise in engineering and construction to provide Singaporeans with high quality homes.
      1,142 words
    • Article, Illustration
      Lock icon Rising Success
      1089 27 UEM Sunrise is starting to see massive payouts from its mega greenfield development at Nusajaya. It's taken just over seven years for Malaysian property developer UEM Sunrise to realise its vision of designing and now building a city that will become Southeast Asia's largest urban development. The publicly
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      71 15 CONTENTS CBRE Page 16 Dennis Wee Group Page 17 Eco World Development Group Page 18 Gamuda Land Page 19 Global Property Strategic Alliance Page 20 Hatten Group Page 21 IOI Properties Group Page 22 Mah Sing Group Page 23 MCC Land (Singapore) Page 24 United Engineers Developments Page 25 UE
      71 words
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      97 16 NO ONE KNOWS SINGAPORE PROPERTY QUITE LIKE US. sri*'- m- EL. >ni ft H r V I -*r I I -> Liww ’TV-" m -V H I IIP? Singapore 6 Battery Road, #32-01 Singapore *****9 65 6224 8181 www.cbre.com.sg yrv„„ Agency Licence No.; L*****63I CBRE Singapore South East Asia Regional
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      858 17 DWG REAL ESTATE HDBActually ALL IN ON.E DATA SOURCE Our Salespersons' Unfair Advantage HousesActually DWGNOW A Real Time Connecting System L CondoActually DWG MOBILE APRS TOP CATEGORIES 1ST QUARTER T($P PRODUCERS AWARDS 2014 TOP LEADERS DIV DIRECTOR DIV DIRECTOR GRP DIRECTOR GRP DIRECTOR TOP SELLERS PRIVATE HDB COMM/IND TOP RENTALS
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      277 18 ■A ■5 r* 3 ECO SPRING ct/ -J- IN THE TIMELESS BALLAD Of BLOSSOMING BEAUTY A NEW SEASON OF -j'l SOPHISTICATED EUROPEAN BEAUTY HAS BEGUN WELCOME TO THE UTOPIA OF EVERLASTING SPRING AT THE HEART OF ISKANDAR MALAYSIA *-«V-S-l! -V saw 1 X xanr: Bt Si It 911 ll!S Ire
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      277 19 a 1 Jf 1. 1 i f horizon hills one with nature *?> THE FRIENDSHIPS CULTIVATED WITH MY NEIGHBOURS. Jl JUST LIKE MY HOME, THEY GET A > NEW LAUNCH 7 We. OF EXCELLENCE theCQV precinct SEMI-DETACHED CLUSTERS FREEHOLD Strategic Partnership: GAMUDA LAND ENRICHING LIFE Another Prestigious Project In: UEM(^
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      192 20 theOCTET D14- Lor22Geylang Road f nl P" Sean Lee 9682 7745 1 R*****5B -Cj Peter Tan 9191 1313 Proudly Marketed by Waterwoods D19-Punggol Field Walk Where Ihe river meets urbanity r id fr \ii-i 11 f Lj 1 *5 Cher Hoh 9666 7369 D18 -Tampines Street 86 1 *11 KINGSFORD
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      214 21 DEVELOPING ICONS OF THE FUTURE HATTEN U HATTEN GROUP SDN BHD IS ONE OF THE FASTEST-RISING PROPERTY DEVELOPERS IN MALAYSIA'S REAL ESTATE INDUSTRY. THE GROUP OF COMPANIES HAS WON NUMEROUS INTERNATIONAL AWARDS FOR EXCELLENCE IN PROPERTY DEVELOPMENT, ASSET MANAGEMENT AND STRATEGIC INVESTMENT. PROPERTY DEVELOPMENT Specialising in high-rise, integrated developments, the
      214 words
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      314 22 OLEANDER DOUBLE-STOREY CLUSTER RESIDENCES FREEHOLD Luxury Living (2) Iskandar’s Finest comes with a world of convenience Iskandar Malaysia-Singapore Rapid Transit System (RTS) to be completed in 2018 ISKANDAR MALAYSIA SINGAPORE 4 Kempas Lltema livt v/fatt Hf. It 1 Omin. to[gM a i Rapid Transit System (RTS) to be completed in
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      250 23 Ok MAH SING GROUP A Premier Lifestyle Developer Malaysia Multi-Award Winning Developer /uSaj&S' utmtm For 4 Consecutive Years Best Developer Malaysia 2008,2009,2011 2012 I CONQUAS Certified ISO 9001:2008 Come check out some of our pinnacle developments dotting the skyline of Malaysia’s economic hotspots! Southville Executive Suites @KL South M City
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      319 24 AND SERE Mk f ■< ■> :i£ Will ■v I* HI v <' a’5^ i m A-"' •f rv -IT-V pis as* S»3E ■‘V 3 S«f i mmmm m fSg* ms m S si THE S ANTORIN EXPAND YOUR WORLD. Introducing The Santorini, inspired by the clear blue seas and
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      264 25 Artist’sImpression twocitiesCITY VIEWS ICONIC DESIGNS LOFT LIVING ataleof SINGAPORE KUALA LUMPUR, MALAYSIA JALAN RAJACHULAN Located in the heart of Kuala Lumpur city centre, The Manhattan is walking distance to Pavilion Kuala Lumpur, Petronas Twin Towers and the Raja Chulan Monorail Station. Enjoy the capital’s best, with the Royal Selangor Golf
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      34 26 austville residences CONGRATULATIONS ON COMPLETION OF EXECUTIVE CONDOMINIUM LANDMARK AUSTVILLE RESIDENCES Heartiest Congratulations 12 Ang Mo Kio Street 64 #03-13 UE BizHub CENTRAL Singapore *****8 Tel (65) 6818 8666 Fax (65) 6818 8682 www.ueec.sg
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      508 27 2pRIME LOCATIONS IN MALAYSIA. EVATED AiLIVING EXPERIENCE. fei a e: 1 a x lx x 2 almas FREEHOLD RESIDENTIAL OFFICES RETAIL SENAI •>-— INTERNATIONAL AIRPORT EXPERIENCE THE EPITOME OF IDEAL LIVING SPRAWL NG SKY SU TES Johor Premium Outlet The ideal combination, at one ideal place Situated in the heart
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      1822 29 4 BARCLAYS Head Office: 1 Churchill Place, London El4 5HP. Registered in England. Registered No: *****. Singapore Office: Level 28 One Raffles Quay South Tower Singapore *****3. Tel: 6308 3000 The following is an extract from the 201 3 financial statements and Annual Reports of Barclays PLC and Barclays Bank
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  • EDITORIAL & OPINION
    • Article
      Lock icon Indian PM gets off to a good start
      537 30 EDITORIAL INDIA’S new Prime Minister, Narendra Modi, is an outsider to the traditional power structure of the country and for this reason many expect him to bring in fresh ideas as head of the government. Mr Modi has, so far, lived up
      537 words
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      Lock icon Turn forest clearing into a win-win situation
      803 30  -  THE BOTTOM LINE By DENNIS POSADAS The author is an Asia-based cleantech consultant and author of Greenergized (UK: Greenleaf, 2013) SINGAPORE’S recurring air quality issues with haze from palm oil plantation burning is both a harmful nuisance and a waste of a valuable
      803 words
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      Lock icon Offer for CMA is still undervalued
      1524 30  -  Minorities need to speak up for their rights By MICHAEL DEE The writer is the former regional CEO of Morgan Stanley and senior managing director ofTemasek Holdings. He has no position or economic interest in CapitaLand or CapitaMalls Asia APITALAND (CL) has revised upward
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      Lock icon Why Modi is good for Asia, S’pore
      1835 31  -  A pro-business Indian govt pushing for growth in trade and investment will have a ripple effect on the region’s economy By GIRIJA PANDE The writer is executive chairman of Apex Avalon Consulting Pte Ltd in Singapore INDIA’S noisy democracy has surprised the world
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      Lock icon Time for EU to step up pace of reforms
      969 31  -  &5H REUTERS BREAKINGVIEWS By HUGO DIXON WHEN European Union leaders dined in Brussels earlier this week, conversation was likely to have revolved around three Ps: the poll, the priorities and the people. Many of those sitting around the table, notably France’s
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      Lock icon Indonesian politicians need to cool nationalistic rhetoric
      376 31  -  REUTERS BREAKINGVIEWS By ANDY MUKHERJEE INDONESIAN politicians are playing with the fire of economic nationalism. If actual policies mimic their pre-election rhetoric, the country’s long-term growth potential will suffer. Both presidential hopefuls are chanting the mantra of self-sufficien-cy. Joko “Jokowi” Widodo, the Jakarta
      376 words
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  • AVIATION/SHIPPING
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      Lock icon India’s Jet plans big cost cuts after record Q4 loss
      581 32 It names new CEO, plans network, fleet changes as FY loss rises to 41.3b rupees AFP [NEW DELHI] India’s Jet Airways, partly owned by Gulf carrier Etihad, announced on Tuesday its biggest quarterly loss and vowed “stringent” cost-cut-ting steps as
      AFP; PHOTO: BLOOMBERG  -  581 words
    • Article
      Lock icon Norway’s oil rig workers reach wage accord
      273 32 Reuters [OSLO] Workers operating oil rigs off Norway reached a deal yesterday in wage talks with employers to avert a strike after similar negotiations with other oil sector workers broke down in recent weeks. Two unions representing workers who operate oil drilling rigs
      Reuters  -  273 words
    • Article
      Lock icon No deadline extension for OSG share sale
      653 32 Shareholders have till June 3 to find buyer for their stock Bloomberg [DELAWARE] Shareholders of Overseas Shipholding Group Inc (OSG), the largest owner of tankers that operate between US ports, lost a bid to extend the time that they have to sell their
      Bloomberg  -  653 words
    • Article
      Lock icon Real-time tracking of planes can take 2-3 years: ICAO official
      468 32 Reuters [KUALA LUMPUR] Global standards to track aircraft in real time may not be ready for two to three years, a senior official with the UN aviation agency said on Tuesday, although the process could be accelerated as airlines adopt
      Reuters  -  468 words
    • Article
      Lock icon TRANSPORT STOCKS
      234 32 SGX '000 May 28 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.29 unch 79 s$ Cwt Limited 1.80 0.06 4548 Vol First Ship Lea 0.08 -0.01 64 Grand Banks 0.01 Jaya Hold Ltd Chuan Hup Hldg K1Ventures 0.18 unch 865 Keppel Corp 10.66 -0.04 1339 Mercator Lines
      234 words
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      88 32 Please be advised that with effect from 8th June 2014, the following rate restoration will be implemented.! This rate recovery is necessary to maintain the service levels as required by the trade. Singapore/Port Klang TO/FROM Calcutta/Haldia USD90/PerTeu Orient Express Lines Singapore Please be advised that with effect from 8th June
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      34 32 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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  • Page 32 Miscellaneous
    • Miscellaneous
      Lock icon Page 32 Miscellaneous Column 1
      332 32 CRYPTIC CROSSWORD Across 1 Healthy meal? What about how eel turned out? (10) 6 Prison officer’s side being taken by gang (4) 10 Trendy media centre that is appealing to non-main-stream tastes (5) 11 New thesis about anaemic look (9) 12 Weaker sex’s representation is not that woman in EastEnders
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  • Article
    Lock icon SHIPPING TIMES
    1227 33 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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      76 33 Experienced sh/p maintenance Syour i services services wanted, herein the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times mt invitj SHIPPING TIMES Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times?
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4129 34 Transaction date: May 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 13.5 10.4 8Telecom Vol Day Last Quote --AAT Net M Cap 13.6 6.7 AIMS Property 13.2 unch 93 13.2 13.2
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      Lock icon SGX CATALIST
      448 35 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 1.9 0.9 t Advanced Systems 0.9 unch 100 0.9 0.9 0.9 1 17.5 Last Quote Div
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    • Article
      Lock icon UNIT TRUST & FUNDS
      10854 35 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** »»»»»>»»> >>> Aberdeen Asset Mgt Asia Limited > Asian Local Ccy SD Bond > > SrS^-Sl Asian Sm< Global Emerging Markets!** Global Err Global Op India Opp Indonesia Malaysian Pacific Eq S'pore Eq .'t J2oT3
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      Lock icon GLOBALQUOTE
      235 35 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 340 191 TanChongInt HK339cd +7 225 340 332 333 339 9.7 3.1 3.3 6827.1 DISCLAIMER: All information is published “as is” without warranty of any kind
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    • Article
      Lock icon SGX ETF
      1097 35 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 119.8 108.3 ABF SG Bond ETF 114.9 15 114.9 114.9 114 115 524.5 138.7 119 CIMB APAC Div 100S$D 131 +0.3 131 131 129.6 132.2 108.9
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      679 36 May 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.93 *****.29 *****.54 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****0 Sep14 *****.00 *****.00 *****.00 *****.00 121 9331 MSCI TAIWAN INDEX FUTURES SPOT 325.58 327.65 325.22 May14 324.90 327.70 324.20 327.60 *****1 ***** Jun14 325.00
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 36 In local curr In S$ In US$ dy yr dy yr dy yr May 27 Index Change Change Change Change Change Change World Preliminary 1214.6 0.3 2.5 0.5 2.2 0.2 2.7 EAFE Preliminary 967.6 0.1 1.2 0.2 1.3 -0.1 1.8 Europe Preliminary 1409.7 0.2 4.0
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 36 May 28 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 5.788 0.679 7.169 54.523 107.456 0.942 9.445 2.978 1.087 91.324 40.569 1.161 9.704 0.830 27.856 30.193 0.551 0.925 Canada 0.996 5.765
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    • Article
      Lock icon SIBOR
      39 36 May 28 (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 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 36 May 28 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-19 105.85 105.95 105.95 10-Year NX*****H 2.750 01-Jul-23 103.91 103.88
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    • Article
      Lock icon PRECIOUS METALS
      120 36 May 28 GOLD(US$/oz) May 28 May 27 Hong Kong 1269.00 1288.00 May 27 May 26 London 1268.34 1292.11 1268.88 1292.98 Source: Thomson Reuters CAST BAR May 28 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 48 5gm 307 252 10gm 572 508
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    • Article
      Lock icon PALM OIL
      57 36 May 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 14 2500.0 2509.0 2517.0 2500.0 416 2287 Jul 14 2503.0 2505.0 2526.0 2496.0 2542 ***** Aug 14 2500.0 2505.0 2527.0 2493.0 ***** ***** Sep 14 2504.0 2506.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 36 May 28 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1603 1.1618 0.9245 0.9250 Canadian dollar 1.1557 1.1572 0.9213 0.9208 Euro 1.7094 1.7109 1.3620 1.3622 NZ dollar 1.0680 1.0691 0.8509 0.8512 Sterling pound 2.1046 2.1069 1.6768
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    • Article
      Lock icon CHICAGO BOT
      109 36 May 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1488.75 1515.50 1515.50 1486.50 Aug 14 1418.75 1445.50 1442.75 1418.00 Sep 14 1291.50 1320.75 1315.50 1288.75 Nov 14 1238.75 1265.75 1263.00 1236.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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    • Article
      Lock icon LIFFE
      94 36 May 27 COCOA (£/tonne) Close Prev High Low Jul 14 1913 1903 1921 1883 Sep 14 1906 1896 1916 1878 Dec 14 1894 1888 1903 1869 Mar 15 1883 1879 1889 1864 COFFEE(US$/tonne) Close Prev High Low May 14 1965 1999 2002 1995 Jul14 1984 2003 2002 1983 Sep
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1140 36 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 3 0.2 9669 1 2 60 Acma Ltd W*****7 Price Prem Asiatic Grp(Hldgs) Ltd W*****5 1.9 -0.1 3092 0.0 2 16 Asiatravel.com HoldingsW*****7 1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 36 CRUDE OIL PRODUCTS May 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.34 -0.30 WTI (Near Mth) 104.16 -0.83 Dubai (1-Mth F) 105.79 -0.51 Tapis blend 113.57 -1.23 Minas 108.77 -1.03 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.72 0.44 Jet Kerosene 120.01 0.07 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 36 May 28 S$ Bid Offer 1-month 1.2551 1.2560 2-months 1.2551 1.2560 3-months 1.2550 1.2560 6-months 1.2549 1.2558 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 36 May-27 May-27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1788.25 1776.00 3 months 1828.50 1814.50 Copper, Grade A(US$/tonne) Cash 7017.50 7021.00 3 months 6934.00 6928.00 Lead(US$/tonne) Cash 2115.25 2124.75 3 months 2142.00 2150.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 36 As at 9am May 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.189 1.133 Can dollar 1.178 1.133 Euro 1.752 1.669 Sterling pound 2.150 2.068 NZ dollar 1.101 1.059 US dollar 1.282 1.221 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      158 36 May 28 $S Offer Bid 0vernight 0.05 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • PROPERTY
    • Article, Illustration
      Lock icon Signs of London market cooling: Nationwide
      611 37 Home prices may start to fall this summer, says UK mortgage lender Reuters [LONDON] Nationwide, Britain’s third-biggest mortgage lender, has warned that the price of homes in London may start to fall this summer, saying there are signs that the red-hot property market in
      Reuters; PHOTO: REUTERS  -  611 words
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      Lock icon Spanish property stabilises, mortgage approvals rise
      372 37 Bloomberg [MADRID] Spanish home mortgage approvals rose in March for the first time in almost four years, adding to signs that the property market is stabilising six years after triggering the worst recession in the country’s democratic history. The number of residential loan approvals
      Bloomberg  -  372 words
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      1432 37 PROPERTY TRANSACTIONS FOR DISTRICTS 2 TO 23 WITH CONTRACT DATES BETWEEN APRIL 16 AND APRIL 22, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Lumiere Apt 21/04/2014 99 678 1132 1670 The Beacon Apt 16/04/2014 99
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      Lock icon One Raffles Place reopens today after major makeover
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      Lock icon Urban drive offers hope for China property
      517 38 Reuters [DONGGUAN, China] The days of rapid growth in China’s real estate sector are over, but the government’s urbanisation drive will continue to drive demand for the next 15 years, the country’s biggest residential property developer China Vanke Co Ltd said. After climbing
      Reuters  -  517 words
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      580 39  -  By ANTHONY ROWLEY In Tokyo JAPANESE property developer Mitsui Fudosan yesterday announced plans to raise 324.5 billion yen (S$4 billion) through an international issue of new shares, to finance the building of office and commercial buildings in Tokyo. It was a further
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      Lock icon Union Properties plans to build cheaper hotels
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      Bloomberg  -  736 words
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