The Business Times, 31 May 2014

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Microfilm: NL33139
Total Pages: 41
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg MAY 31-JUNE 1, 2014 S$1.00| S$1.00| MCI (P) 086/08/2013 sph A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article
    Lock icon Hawking formula for a win
    28 1 WORLD CUP FEVER WITH World Cup around the corner, it’s time for crystal-ball gazing. Even Stephen Hawking could not resist its lure. 2
    28 words
  • Article
    Lock icon Japan backs Asean security
    32 1 SHANGRI-LA DIALOGUE TOKYO will offer its “utmost support” to South-east Asia in the region’s efforts to protect its seas and airspace, said Japanese Prime Minister Shinzo Abe. 5
    32 words
  • Article
    Lock icon Bank lending limps along in April
    28 1 TEPID GROWTH BANK lending growth in April held steady compared to March though this was nearly flat at 0.6 per cent. 6
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  • Article
    Lock icon SGX market cap edges up in May
    32 1 STEADY CLIMB FOR the fourth month in a row, the value of Singapore market rose month-on-month in May, edging up 1.8% to $967.86 billion. 10
    32 words
  • Article
    Lock icon Indonesia-bound tanker missing
    21 1 MARITIME SAFETY A THAI-registered product tanker which left Singapore four days ago for Indonesia is reported missing. 15
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  • Article, Illustration
    Lock icon Minimum $60 pay rise for low income
    691 1  -  NWC also recommends ‘equitable and reasonable’ pay hike for those paid just above $1,000 By Chuang Peck Ming peckming@sph.com.sg Singapore THE National Wages Council (NWC) has recommended that employers continue paying at least $60 in a built-in wage increase to workers earning a
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  • Article, Illustration
    Lock icon Value-add main criterion for admitting foreign entrepreneurs
    1036 1  -  By Jaira Koh jairakoh@sph.com.sg Singapore AN “accident”, is how Casa Italia chief executive Phippo Hardegger describes founding his gelato company in Singapore. Unable to secure an Australian visa, the Swiss was persuaded by a friend to come here instead. Finding regulations that do
    PHOTOS: ARTHUR LEE, YEN MENG JIIN  -  1,036 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Hawking formula for a World Cup win
      751 2  -  A 3pm kick-off, red jerseys and a European referee will favour England, says physicist By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore WITH the World Cup around the corner, the perennial soothsayers have started their crystal-ball gazing. This time around though, an unusual name has
      PHOTO: AFP  -  751 words
    • MARKETS
      • Article
        Lock icon STOCKS
        60 2 HSTI 3,295.85 (-4.86) HSTI FUTURES 3,297.00 (-4.00) HSIMSCI 373.72 (-1.35) HSIMSCI FUTURES 373.90 (-1.80) STOCKS Friday Change KL COMP 1,873.38 -3.24 NIKKEI 225 14,632.38 -49.34 HANG SENG 23,081.65 +71.51 SET 1,415.73 +7.22 JAKARTA 4,893.91 -91.67 MANILA 6,647.65 -29.02 KOSPI 1,994.96 -17.30 SHENZHEN B 803.15 -14.97 MUMBAI IND 24,217.34 -16.81
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.204 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.254 (US$/S$ per 1.675 2.100 EURO (US$/S$/€ 1.361 1.706 Foreign currency per US$ S$ YEN 101.70 81.10 RM 3.213 2.563 HK$ 7.753 6.184 BAHT 32.83 26.19 RUPIAH 11,643 9,287 RENMINBI 6.247 4.983 INDIAN RUPEE 59.08 47.12 A$ 1.074 0.856 NZ$ 1.178 0.939
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    • Article
      Lock icon Islamic finance chiefs to gather in Singapore
      567 4  -  They will discuss capital market opportunities at the 5th World Islamic Banking Conference By Siow Li Sen lisen@wsph.com.sg @SiowLiSenBT Singapore ISLAMIC finance continues to grow rapidly, but it has been mainly in domestic markets. And so, as the Who’s Who in Islamic banking
      567 words
    • Article
      Lock icon IMF warns Japan against over-reliance on monetary policy
      610 4  -  By Anthony Rowley in Tokyo JAPAN was warned yesterday by the International Monetary Fund not to rely too heavily on monetary policy to underpin its economic recovery, at risk of courting possible financial sector problems and asset inflation while also pushing the
      610 words
    • Article, Illustration
      Lock icon Abe: Japan to help in ensuring peace in Asia
      665 5  -  He urges China to resume talks on a bilateral communication mechanism By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore TOKYO will offer its “utmost support” to South-east Asia in the region’s efforts to protect their seas and airspace, said Japanese Prime Minister Shinzo
      PHOTO: REUTERS  -  665 words
    • Article
      Lock icon Bank lending limps along in April
      528 6  -  Loans growth particularly tepid since February, reflecting weaker growth in the business loan segment By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BANK lending growth in April held steady compared to March though this was nearly flat at 0.6 per cent with both business and consumer
      528 words
    • Article, Illustration
      Lock icon BP Singapore marks golden jubilee of its operations
      449 7  -  Oil refiner is now a knowledge and trading centre in Asia-Pacific for BP By Ronnie Lim ronnie@sph.com.sg Singapore FIFTY years on, BP Singapore (BPS) which struck its roots here as an oil-refining and marketing company in 1964 has evolved into a knowledge
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      Lock icon Page 2 Advertisements Column 1
      44 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-15 World 17-20 LIVING Design L2-7 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 Real Estate 31 Travel L8-9 Dining L10-12 Health L13 Motoring L14-15 Sports L16
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      867 3 Advertorial A legacy For Future Generations By Maya Prabhu, Managing Director of Coutts Institute With a heritage spanning over 320 years, Coutts has had the privilege of advising families over generations, and understands that succession is more than just inheritance. The knowledge gained through looking after wealthy families has shown
      867 words
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  • Page 4 Miscellaneous
    • Miscellaneous
      Lock icon Page 4 Miscellaneous Column 1
      65 4 SINGAPORE -SWEEP1 ST PRIZE $2,300,000 2"» PRIZE $500,000 3 BD PRIZE $250,000 9 sets of 2D winning numbers (315,000 prizes, each $6) lir 1. -SWEEP{Rim v'l Draw No. 06/2014 Bil 3S *****68 DRAW ON WEDNESDAY, 4 JUN 2014 Draw Date WecJne; June 2014 Wednesday Date Draw p A Always play
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      17 5 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
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      Lock icon Page 5 Advertisements Column 2
      170 5 THE SOUND VISION SPECIALIST Zik The Headphone Bar Parrot Audeze Cypher Labs Atomic Floyd ALO Audio Beyerdynamic Fischer Audio Ultimate Ears Harman Kardon AKG FiiO RHA HRT KEF JAYS Audinst Earsonics Burson Shure Grade Denon Klipsch Selection of over 200 models available Zikmu i it Zikmu Now: $2,688 Parrot Wireless
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      105 7 INLiVEN center for OSTEOARTHRITIS SOLUTIONS ■/T r Tl Don’t let knee pain prevent you from enjoying an active pain free lifestyle. WE ARE HERETO HELP PW3V..&, Join us for an educational health talk on Knee Pains at our clinic premises on 14 June 2014 (Sat) 1pm to 3pm. i Inliven
      105 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Global headhunter
      2449 8 / 9  -  Kevin Connelly, CEO of Spencer Stuart, talks about the art and science of top-level corporate recruitment. By Vikram Khanna vikram@sph.com. sg WHEN the once-floundering Internet giant Yahoo! was looking for a new CEO to replace Scott Thompson in 2012, they turned to the executive search firm Spencer Stuart
      PHOTO: YEN MENG JIIN  -  2,449 words
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  • COMPANIES
    • Article, Illustration
      Lock icon S’pore bourse up four months in a row
      473 10  -  May is also the first month this year where the total market capitalisation has increased By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore FOR the fourth month in a row, the value of the Singapore stock market rose month-on-month in May, edging up 1.8
      473 words
    • Article
      Lock icon SIA boosts Scoot’s capital by buying $400m of its stock
      157 10 Bloomberg Singapore SINGAPORE Airlines, Asia’s biggest carrier by market value, will spend $400 million buying stock in budget carrier Scoot Pte, boosting the capital of its subsidiary which plans to buy Boeing 787s. The airline bought 400 million shares in
      Bloomberg  -  157 words
    • Article, Illustration
      Lock icon 3 plays stand out with their price movements
      433 10  -  HOT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore THREE stocks stood out in yesterday’s trading session Tiger Airways and GuocoLeisure because of privatisation speculation that sent their shares rising, and Yangzijiang Shipbuilding whose shares crashed 11 per cent, presumably because of a
      BT Graphics; Source: Bloomberg  -  433 words
    • Article, Illustration
      Lock icon Chief executive of SingTel’s mobile ad unit steps down
      430 11  -  Trevor Healy is succeeded by Mark Strecker, previously president and COO of Amobee By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore AMOBEE’S Trevor Healy is moving on, yet again. He has stepped down as chief executive officer of the mobile ad firm that
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    • Article, Illustration
      Lock icon GuocoLeisure shares up on more delisting talk
      443 11  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SHARES in GuocoLeisure were again bolstered by speculation that the hospitality operator controlled by Malaysian tycoon Quek Leng Chan could be privatised. The stock jumped by as much as 7.7 per cent in intra-day trading yesterday to
      BT Graphics; Source: Bloomberg  -  443 words
    • Article
      Lock icon 68 Holdings’ offer for Hotel Properties declared unconditional
      376 11  -  By Raphael Lim raphlim@sph.com.sg Singapore ONG Beng Seng and Wheelock Singapore’s offer for Hotel Properties Limited (HPL) was declared unconditional in all respects yesterday, as the consortium and partners crossed the 50 per cent mark of HPL’s maximum potential issued share capital.
      376 words
    • Article, Illustration
      Lock icon SingPost, privatisation plays underpin activity
      646 12  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent A few weeks ago, privatisation fever gripped the market, triggered by takeover exercises involving CapitaMalls Asia and Hotel Properties Ltd. A week ago, the government’s revamp of the transport sector provided some spark for the market, although there
      646 words
    • Business briefing
      • Article
        Lock icon FCT completes private placement of units
        48 12 FRASERS Centrepoint Trust (FCT) has completed the private placement of 88 million new units at an issue price of $1.835 per unit, raising gross proceeds of about $161.5 million. This will be used to partly finance the purchase of Changi City Point.
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      • Article
        Lock icon LionGold reports $89.3m loss for Q4 2014
        72 12 LIONGOLD Corp registered a net loss of $89.3 million for the fourth quarter ended March 31, turning around from the loss of $2.7 million previously. Revenue was nearly flat at $29.5 million. Loss per share was 14.93 cents, deepening from 0.95 cent. For
        72 words
      • Article
        Lock icon Willas-Array full-year profit falls to HK$25.38m
        51 12 WILLAS-ARRAY Electronics recorded a profit of HK$25.38 million (S$4.1 million) for FY2014, down from HK$41.29 million, despite revenue rising from HK$3.15 billion to HK$3.19 billion. Earnings per share were 7.78 HK cents. The board is recommending a final dividend of 6.822 HK cents per
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      • Article
        Lock icon CSC wins $21.6m State Courts complex contract
        35 12 FOUNDATION specialist CSC Holdings has landed a contract for foundation and sub-structure works for the new State Courts complex at Havelock Square. The contract is worth $21.6 million.
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    • Article
      Lock icon TOP GAINERS
      68 12 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 85.2 0.5 DBXT iBoxxSing 5SG$ ***** 69.0 0.5 DBXT FTVietnam 10US$ 2799 51.4 1.5 JSH 500 USD 3639 45.1 1.0 DBXT iBoxxKR 5US$ ***** 37.6 0.2 SPDR DJIA 10US$ ***** 37.6 0.2 DBXT AUDCS 5US$ ***** 35.1 0.1 DBXT AUDCS
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    • Article
      Lock icon TOP LOSERS
      63 12 BY CENTS CLOSEDOWN Jardine C&C 4358 -203.0 -4.5 Lyxor Indonesia10US$ 8998 -181.7 -1.6 DBXT Nifty 10US$ ***** -142.9 -0.9 DBXT iBoxxSvEu 5US$ ***** -117.8 -0.3 DBXT iBoxxUSTr 5US$ ***** -66.4 -0.3 DBXT MSKorea 10US$ 6491 -56.4 -0.7 Lyxor AsiaIT 10US$ 3750 -42.6 -0.9 DBXT MSINDO 10us$ 1435 -31.3
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    • Article
      Lock icon SingHaiyi FY14 net soars to $23.15m
      311 12  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGHAIYI Group has reported net profit of $23.15 million for the fiscal year ended March 31, 2014, up sharply from $1.68 million in the previous financial year. Revenue more than trebled to $56.95 million from $17.02 million, on
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    • Article
      Lock icon TOP 20 ACTIVES
      161 12 VOL CLOSE W Corp 99,131 6 7 0.4 6.3 YZJ Shipbldg SGD 86,972 1 01 1 2.0 1 0.6 SIIC Env i ronment 77,710 1 5 2 0.8 5.0 Transcu Grp 51,085 0 2 0.0 0.0 HPH Trust USD 42,727 75 0.0 0.0 KLW Hldgs 38,542 2
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    • Article
      Lock icon STI STOCKS
      120 12 Stock name Close Change CapitaLand 3.190 CapitaMall Trust 2.070 +0.010 CapitaMalls Asia 2.350 -0.010 CityDev 10.36 -0.140 ComfortDelGro 2.330 -0.020 DBS Grp 16.90 -0.080 Genting Sing 1.345 +0.005 Global Logistic 2.780 -0.050 Golden Agri-Res 0.575 -0.010 HPH Trust USD 0.750 HongkongLand USD 7.020 +0.070 JMH 400 USD 61.50
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    • Article
      Lock icon Swing Media posts record earnings of HK$83.13m
      374 13  -  Sales top HK$1 b, boosted by industry consolidation and supply issues By Carine Lee carinel@sph.com.sg @CarineLeeBT Singapore SWING Media Technology Group posted record earnings of HK$83.13 million (S$13.45 million) for the fiscal year ended March 31, 2014, up from HK$57.95 million a year
      374 words
    • Article, Illustration
      Lock icon Tung Lok Restaurants’ net loss for FY2014 more than doubles to $6.8m
      348 13  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore TUNG Lok Restaurants reported a more than doubling in net loss from $3.2 million to $6.8 million for its full year ended March 31. The loss attributable to shareholders came on the
      348 words
    • Article
      Lock icon Chasen Holdings back in the black with Q4 net of $2.09 million
      242 13  -  By Lester Wong lesterw@sph.com.sg Singapore CHASEN Holdings has posted a net profit of $2.09 million for its fourth quarter ended March 31. The profit attributable to equity-holders compared with a net loss of $7.4 million a year earlier
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  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      32 13 i/v/V $1.6 MILLION Estimated Draw on Mon, 2 Jun 2014 at 6.30pm For details, visit www.singaporepools.com.sg p |_/\yA Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G m
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  • SINGAPORE
    • Article
      Lock icon SG50 fund gets over 100 suggestions so far
      482 14  -  Ideas show Singaporeans are looking beyond just celebratory events, says Lawrence Wong By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT THE kitty set up in January to fund projects marking the 50th anniversary of Singapore’s independence next year has so far received more than 100
      482 words
    • Article, Illustration
      Lock icon Banking on profamily schemes – OCBC style
      642 14  - Banking on profamily schemes OCBC style By Lisabelle Tan lisatan@sph.com.sg MISSING out on family-bonding time as you drop your child off at his school before heading to work alone? Clueless (but curious) about what your little one is up to in the day as you crunch numbers at your desk?
      PHOTO: NATIONAL POPULATION & TALENT DIVISION, PRIME MINISTER’S OFFICE  -  642 words
    • Article
      Lock icon Public libraries offer flexible workspaces
      209 14  -  By Kara Quek karaquek@sph.com.sg SMART Work Centres, providing a flexible range of workspace options, officially opened in three public libraries yesterday, enabling people to work closer to home, and facilitating work-life balance and productivity. The three centres are at Jurong Regional Library, Geylang East Public
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    • Article
      Lock icon Tanker goes missing after it leaves Singapore for Indonesia
      672 15  -  Vessel may have been hijacked for the fuel it was carrying: sources By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT SAFETY in the waters south of Singapore has had a further setback as a Thai-registered product tanker which left Singapore four days ago for
      672 words
    • Article
      Lock icon 45 arts groups reject MDA licensing scheme
      521 15  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT A TOTAL of 45 arts organisations including the most established and respected in the arts industry have signed a position paper rejecting the Media Development Authority’s new Arts Term Licensing Scheme. The new scheme aims to forge a
      521 words
    • Article
      Lock icon Singapore, France ink research pact
      167 15 SCIENTIFIC ties between Singapore and France will be strengthened through a series of joint research agreements inked yesterday. The agreement between the French National Research Agency (ANR) and Singapore’s National Research Foundation (NRF) will see the institutions launching a joint grant call for collaborative research
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      Lock icon Page 15 Advertisements Column 1
      241 15 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF KNUERR PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****4380N) NOTICE IS HEREBY GIVEN that it was resolved at an Extraordinary General Meeting of member of the abovenamed company held on
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      110 16 _#J ST JOBS S>CAREER& r DEVELOPMENT >01 JOIN THE BIGGEST CAREER FAIR IN TOWN! Conduct your massive recruitment before the new employment rule* sets in on 1 August. i GRAB YOUR BOOTH SPACE AT STJOBS CAREER DEVELOPMENT FAIR 2014 NOW FOR FREE! Date: 12 13 July 2014 Venue: Marina Bay
      110 words
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  • WORLD
    • Article
      Lock icon BRICS to start new bank lending from 2016
      505 17 With US$50b start-up capital, it’ll provide member countries loans at a lower cost than they would get in markets Reuters Brasilia THE five BRICS nations (Brazil, Russia, India, China and South Africa) will likely agree to fund their US$100 billion development effort
      Reuters  -  505 words
    • Article, Illustration
      Lock icon World food prices jump in Q1
      473 17 AFP Washington WORLD food prices rose in the first quarter of the year for the first time since their all-time high in August 2012, driven by rising demand in China, drought in the United States and unrest in Ukraine. According to the World Bank,
      AFP; PHOTO: REUTERS  -  473 words
    • Article
      Lock icon BNP asked to pay over US$10b in criminal probe: report
      489 18 It faces allegations of evading US sanctions against Iran and other countries for years Reuters New York THE US Justice Department is pushing BNP Paribas to pay more than US$10 billion to resolve a criminal probe into allegations that the
      Reuters  -  489 words
    • Article, Illustration
      Lock icon Hoping to match cognac’s boom, two more French tipples eye Asia markets
      587 18 AFP Hong Kong AFTER cognac’s transformation into a Chinese status symbol, its lesser-known French cousins armagnac and calvados are hoping to establish themselves in lucrative Asian markets as demand wanes at home. Cognac currently accounts for 67 per
      AFP; PHOTO: AFP  -  587 words
    • Article
      Lock icon Siemens to axe 11,600 jobs as company downsizes
      367 18 Bloomberg Munich SIEMENS AG’s chief executive officer said Europe’s largest engineering company will eliminate at least 11,600 positions as it cuts about one billion euros (S$1.7 billion) in costs. The positions include 7,600 that will go as the company streamlines and creates
      Bloomberg  -  367 words
    • Article
      Lock icon Thai coup spells hope for economy
      560 19 Some economists are upgrading their growth estimates Reuters Bangkok ONLY a week after Thailand’s military coup, some economists are upgrading their estimates for an economy that seemed headed for recession. South-east Asia’s second-largest economy shrank 2.1 per cent in the first quarter after nearly
      Reuters  -  560 words
    • Article, Illustration
      Lock icon Google comes clean about staff diversity
      620 20 Move puts pressure on Silicon Valley firms to boost female, minority employment Bloomberg San Francisco GOOGLE Inc’s decision to lay bare its lack of diversity has ramped up the pressure on other Silicon Valley companies to increase the number of women and minorities among
      Bloomberg; PHOTO: BLOOMBERG  -  620 words
    • Article
      Lock icon Garuda launches Jakarta-Amsterdam direct flights
      324 20  - Garuda launches JakartaAmsterdam direct flights By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore GARUDA Indonesia, which has made Amsterdam its hub for Europe, has launched direct flights between Jakarta and Amsterdam in what is said to be the first non-stop service between Indonesia and the Netherlands. The Indonesian carrier previously served Amsterdam
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    • Briefing
      • Article
        Lock icon India’s economy grows by 4.7% in year to March 2014
        97 20 AFP New Delhi INDIA reported yesterday a second straight year of less than 5 per cent growth, underscoring challenges facing new Prime Minister Narendra Modi in reviving Asia’s third-largest economy. The economy grew by 4.7 per cent in the financial
        AFP  -  97 words
      • Article
        Lock icon Myanmar to grant foreign banks licences by Q3
        89 20 Reuters YangonMYANMAR will grant foreign banks limited operating licences by the third quarter of this year, in a bid by the country’s nominally-civilian government to attract foreign investment into an economy emerg- ing from decades of military rule. An official document sent
        Reuters  -  89 words
      • Article
        Lock icon Home prices in England, Wales rise 0.5% in May
        87 20 Bloomberg LondonUK house prices rose for a 16th month and consumer confidence increased to a nine-year high on an improving outlook for the economy. Hometrack Ltd said home prices in England and Wales increased 0.5 per cent in May after a
        Bloomberg  -  87 words
      • Article
        Lock icon Weak momentum seen for Taipei property prices
        72 20 Reuters TaipeiTAIWAN’S finance minister said yesterday he saw weak momentum for growth in property prices in the capital Taipei following an uptrend over the last decade, marking the government’s latest warning to cool the heated market. Chang Sheng-ford told reporters the ministry was
        Reuters  -  72 words
      • Article
        Lock icon US consumer spending drops 0.1% in April
        88 20 Bloomberg Washington CONSUMER spending unexpectedly fell in April after the biggest surge in almost five years as incomes slowed, a sign the largest part of the US economy will take time to accelerate. Household purchases, which account for about 70 per cent of
        Bloomberg  -  88 words
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      Lock icon Page 17 Advertisements Column 1
      253 17 Receive a complimentary sliced dessert with every main course ordered from Foodology! Venue: Foodology, 12 Marina Boulevard, #02-07/08/09, Marina Bay Financial Centre Tower 3, Singapore *****2 Tel: (65) 6538 9500 Website: www.foodology.sg Terms Conditions: Redemption only available at the Dessert Counter. While stocks last and availability of flavours differ daily.
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  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      515 19 Registered Office: Rue du Rhone 96-98 CH-1211 Geneva 1 Singapore Branch: OUE Bayfront 50 Collyer Quay #08-03 Singapore *****1 Consolidated Statement of Income for the year ended 31 December 2013 2012 CHF’000 2013 CHF’000 Interest income Interest and discount income 87,946 133,212 Interest and dividends from financial investments 63,062 42,840
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8192 21 Transaction date: May 30 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.3 10.4 8Telecom 11.8 11.5 12.4 6.3 1 15.3 56.5 20 5.1 A-Sonic Aero 8.8 -0.1 542 8.8 8.7 8.7 8.8
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      Lock icon SGX CATALIST
      1981 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32 23 t 3Cnergy 500 32 30 35 31.5 28.5 19 t 800 Super 25.5 24.5 25.5 3.2 3.9 7.9 45.6 4.5 2.8 t AA
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 2 0 0 0 6 6 2 Manufacturing 48 45 41 10 10 8 58 55 49 Commerce 19 26 14 3 3 6 22 29 20 Tpt/Stor/Comms 15 13 12
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      804 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 26 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) ICP Ltd 29-May-14 Aw Cheok Huat Buy ***** 0.02 ***** 2.82 ***** 3.29 ICP Ltd 29-May-14 Aw
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 35,886 35,886 95,413 95,413 Manufacturing 470,555 96,976 567,531 249,375 5,554 254,929 Commerce 129,055 70,337 199,392 157,053 7,964 165,017 Tpt/Stor/Comms 185,834 1,378 187,212 255,378 167 255,545 Finance 36,447 262 36,709 276,543 79 276,622 Construction 27,026 27,427
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  • MARKETS
    • Article
      Lock icon LIFFE
      93 25 May 29 COCOA (£/tonne) Close Prev High Low Jul 14 1932 1922 1933 1915 Sep 14 1921 1911 1922 1905 Dec 14 1903 1898 1904 1890 Mar 15 1895 1889 1897 1882 COFFEE(US$/tonne) Close Prev High Low May 14 1948 1906 1948 1948 Jul14 1949 1907 1952 1907 Sep
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      Lock icon METALS
      68 25 May 30 GOLD(US$/oz) May 30 May 29 Hong Kong 1255.00 1259.00 May 29 May 28 London 1258.29 1256.86 1259.01 1257.63 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.29 23.52 Source: UOB PLATINUM Lon (US$/oz) May 29 Close Previous PM Fix 1447.00 1455.00 AM Fix 1452.00 1462.00 Source:
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      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 May 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.194 1.138 Can dollar 1.179 1.134 Euro 1.746 1.663 Sterling pound 2.137 2.055 NZ dollar 1.089 1.048 US dollar 1.279 1.219 Local dollars to 100 units of foreign currency: Currencies Sell
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    • STOCK MARKETS
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        Lock icon Straits Times Index
        20 25 YTD change: +4.05% 52-week high: 3,361.50 on May 30,2013 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
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        Lock icon Hang Seng Index
        20 25 YTD change: -0.96% 52-week high: 24,111.55 on Dec 2,2013 52-week low: 19,426.36 on June 25,2013 Source: Bloomberg
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        Lock icon Dow Jones Industrial Average
        26 25 YTD change: +0.74% 52-week high: 16,735.51 on May 13,2014 52-week low: 14,551.27 on June 24,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
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        Lock icon Shanghai Stock Exchange Composite
        21 25 YTD change: -3.63% 52-week high: 2,325.72 on May 30,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  21 words
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        Lock icon Nikkei 225
        19 25 YTD change: -10.18% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 12,415.85 on June 13,2013 Source: Bloomberg
        Source: Bloomberg  -  19 words
    • Article
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      57 25 May 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 14 2458.0 2426.0 2465.0 2426.0 220 1406 Jul 14 2465.0 2426.0 2470.0 2424.0 4329 ***** Aug 14 2460.0 2423.0 2467.0 2420.0 ***** ***** Sep 14 2460.0 2422.0
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      Lock icon GOVERNMENT SECURITIES
      80 25 May 30 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-19 105.8 105.90 105.90 10-Year NX*****H 2.750 01-Jul-23 104.21 104.50
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      Lock icon INTERBANK CURRENCY RATES
      155 25 May 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1670 1.1683 0.9312 0.9316 Canadian dollar 1.1565 1.1580 0.9234 0.9228 Euro 1.7057 1.7072 1.3611 1.3613 NZ dollar 1.0638 1.0652 0.8489 0.8494 Sterling pound 2.0992 2.1015 1.6751 1.6757
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      Lock icon CHICAGO BOT
      104 25 May 29 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 14 1499.00 1497.75 1508.75 1493.25 Aug 14 1432.75 1428.25 1439.75 1425.50 Sep 14 1296.50 1294.75 1304.50 1291.75 Nov 14 1244.25 1243.00 1252.25 1241.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 14 39.41 39.63 39.96 39.28
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      Lock icon OIL
      68 25 May 29 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 110.50 0.61 WTI (Near Mth) 103.54 -0.62 Dubai (1-Mth F) 106.09 -0.19 Tapis blend 113.31 -0.54 Minas 108.71 -0.54 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.72 -0.28 Jet Kerosene 119.19 -0.61 US$/barrel OpecOil Basket Price 106.45
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      Lock icon LONDON METALS
      72 25 May 29 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1810.00 1801.25 3 months 1845.00 1840.00 Copper, Grade A (US$/tonne) Cash 6973.00 7045.00 3 months 6884.00 6944.00 Lead (US$/tonne) Cash 2095.50 2107.75 3 months 2122.00 2135.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr May 29 Index Change Change Change Change Change Change World Preliminary 1216.9 0.2 2.7 0.1 2.3 0.2 3.0 EAFE Preliminary 969.6 0.1 1.4 0.2 1.4 0.3 2.1 Europe Preliminary 1411.6 0.1 4.2
      373 words
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  • PERSPECTIVE
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      Lock icon Harnessing talent to its fullest extent
      1647 26 / 27  -  Diversity and inclusion create a strong competitive advantage in the war for talent, M&A deals and a collaborative economy. By Charlotte Park By Charlotte Park ~The writer is the Singapore managing director for Mercer, a global consulting leader in talent, health, retirement and investments,
      PHOTO: AFP  -  1,647 words
  • Page 26 / 27 Miscellaneous
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      354 26 / 27 SATURDAY with Ludwig CRYPTIC CROSSWORD Across 1 Blood pressure’s about to kill off muscle (6) 4 I speak ill of West Indian perhaps (8) 10 Caught odd bit of musician’s set (5,4) 11 Reminder about university having good feeling (5) 12 Tie up ship just right around bar (7) 13
      354 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Bond rally masks apprehension
        1192 28 / 29  -  Current bond gains have little to do with whether investors have an improved outlook for credit or the economy. By Caroline Chen and Matt Robinson By Caroline Chen, Matt Robinson Bloomberg New York THE biggest corporate bond-market returns since 2009 mask a growing sense of unease.
        Bloomberg; PHOTO: FREEIMAGES  -  1,192 words
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        760 28 / 29  -  Compiled by Teh Shi Ning Courts Asia ADD CIMB Research, May 30 Close: $0.58 COURTS Asia’s FY14 net profit (S$28.3 million) was within our expectations (S$28.6 million) but below consensus (S$30.4 million). With Malaysia past its trough and Indonesia coming on, we see a nine times P/E valuation
        760 words
    • WEALTH REAL ESTATE
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        Lock icon Househunt
        1116 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 16 AND APRIL 22, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Ascentia Sky Apt 22/04/2014 99 1475 1900 1288 The Anchorage Apt 21/04/2014 FH 1507
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        Lock icon StanChart sees further S’pore home price drop
        551 31 Govt curbs would be scaled back if price growth reaches a ‘certain level of equilibrium’ Bloomberg Singapore SINGAPORE’S home prices will probably fall further before the housing curbs introduced in the past five years are scaled back, says Standard Chartered Plc’s Southeast Asia
        Bloomberg; PHOTO: BLOOMBERG  -  551 words
      • Article
        Lock icon World’s costliest market for hotel rooms found in Geneva
        668 31 Bloomberg Los Angeles WORLD travellers looking for a cheap place to stay may want to avoid Geneva, Dubai and Miami. The three cities rank among the most expensive markets for hotel rooms, according to an index compiled by Bloomberg. In Geneva,
        Bloomberg  -  668 words
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      118 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. IN 1993, AUDEMARS PIGUET CHANGED THE WORLD OF THE SPORTS WATCH FOREVER. THE POWERFUL ARCHITECTURE OF THE ROYAL OAK OFFSHORE BECAME THE ULTIMATE STATEMENT IN PERFORMANCE HAUTE HOROLOGY. THE 2014 ROYAL OAK OFFSHORE COLLECTION MOVES THE GAME ON ONCE MORE; THE
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      81 1 DESIGN Homing in on crafted curiosL5-7 TRAVEL Bespoke Down Under L8-9 LivingBTTHE BUSINESS TIMES WEEKEND MAY 31 JUNE 1 2014 LURE OF THEMED HOTELS Singapore hotels up the ante: from replicating a night in Paris, going green to embracing art in its rooms L2-4 PHOTO OF SOFITEL SO: YEN MENG
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  • BT Living
    • DESIGN
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        Lock icon Banking on a themed edge
        1907 2 / 3  -  New hotels are infusing their real estate with a distinctive character that sets them apart from cookie-cutter options. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Sofitel So Singapore 35 Robinson Road www.sofitel.com A NIGHT at the Sofitel So Singapore is like a
        PHOTOS: YEN MENG JIIN; PHOTOS: RSP ARCHITECTS; PHOTOS: HOTEL CLOVER THE ARTS  -  1,907 words
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        Lock icon House specials
        2540 5  -  For the inveterate homeware shopper on the lookout for the next decorative thing, check out these five new stores that BT Weekend came across By Chew Hui-Yan hychew@sph.com.sg By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT By Georgine Verano gverano@sph.com.sg Linen More #02-12 Great World City Hours: Open daily from
        PHOTO BY YEN MENG JIIN; PHOTOS: YEN MENG JINN; PHOTOS: ARTHUR LEE  -  2,540 words
    • TRAVEL
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        Lock icon Bespoke Down Under
        1617 8 / 9  -  Think you’ve seen it all in well-trodden Melbourne and Sydney? Whether you are just a couple or a big corporate group, Debbie Yong susses out 8 bespoke ways to experience the two Australian megacities Debbie Yong debyong@sph.com.sg @DebbieYongBT The writer was a guest of Tourism Australia in
        PHOTOS: ANDREW CHRISTIAN  -  1,617 words
    • DINING
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        Lock icon ESCHEWING MEAT
        2191 10 / 11  -  Can meatless menus transcend mock meat and salads to enter the culinary mainstream and be accepted as easily as your mod-European bistro or American steakhouse? BT Weekend looks at players trying to change mindsets to elevate vegetarian cuisine to gastronomic levels By Cheah Ui-Hoon uihoon@sph.com.sg By Rachel Loi
        PHOTOS: BEYOND VEGGIE; PHOTOS: ARTICHOKE; PHOTOS: SUFOOD  -  2,191 words
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        Lock icon Degustation options
        436 12  -  By Cheah Ui-Hoon uihoon@sph.com.sg Saint Pierre #01-15 Quayside Isle, 31 Ocean Way (Sentosa Cove) 6438-0887 Five or 10-course vegetarian degustation menu on request VEGETARIANS should rejoice that one of Singapore’s top chefs has switched to a full-on vegetarian diet himself, thus cultivating an intimate sensitivity towards their palate.
        436 words
    • HEALTH
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        Lock icon The right path for your heart
        1543 13  -  Besides price, there are also other considerations that the informed patient should look out for when making decisions on the use of heart services Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia
        PHOTO: STOCK.XCHNG  -  1,543 words
    • MOTORING
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        Lock icon The power of understatement
        696 14  -  The Audi A8L 4.0 TFSI quattro gets a few upgrades to give it more power and refinement. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IN ITS typically understated manner, Audi has upgraded the A8 and made its flagship limousine even more refined. Among the full-sized German
        696 words
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        Lock icon SPEEDY SPIDER
        672 15  -  The McLaren 650S Spider is more than just an updated 12C. By Samuel Ee samuelee@sph.com.sg THE McLaren 650S may sometimes be described as a 12C with more power and snazzier styling but that is an oversimplification because it actually feels and sounds different. The 650S shares the same
        672 words
    • SPORTS
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        Lock icon Countdown to World Cup
        959 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent IT’S just 12 days to the Fifa World Cup that’s 288 hours or 17,280 minutes. The wait is, to put it simply, excruciating. As you can tell, I’m all geared up for the 64 matches over the month-long
        PHOTO: AFP; PHOTO: REUTERS  -  959 words
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      921 12 wine& dine with BTWeekend Marina Mandarin 6 Raffles Boulevard Z 6845-1018 Annual General Meetings Conduct your meetings with ease and style at Marina Mandarin. Enjoy a selection of teas and coffee with snacks and complimentary parking. Meeting package is available at $65++ per person. A customised audio-visual meeting package is
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