The Business Times, 3 July 2013

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Microfilm: NL32655
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, July 3, 2013
    25 words
  • Article, Illustration
    Lock icon UBS opens vault, joins gold rush in Singapore
    732 1  -  By and LEE MEIXIAN, ANDREA SOH [SINGAPORE] Swiss bank UBS AG has become the third bank to open a gold vault here, catering to investors who value the long-term stability gold affords, even as the market turns bearish on the yellow metal.
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,173.32 (+32.39) GST INDEX FUTURES 3,167.00 (+32.00) GSIMSCI 356.32 (+4.36) GSIMSCI FUTURES 354.60 (+3.70) US$ S$ US$ (S$ per US$) 1.265 (US$/S$ per 1.522 1.926 EURO (US$/S$/€ 1.306 1.652 Foreign currency per US$ S$ YEN 99.70 78.80 RM 3.166 2.502 HK$ 7.755 6.129 BAHT 30.93 24.44 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,771.89 -3.25 NIKKEI 225 14,098.74 +246.24 HANG SENG 20,658.65 -144.64 SET INDEX 1,463.98 +12.08 JAKARTA COMP 4,728.70 -48.75 MANILA COMP 6,448.18 -78.44 SEOUL COMP 1,855.02 -0.71 SHENZHEN B 772.54 -4.19 MUMBAI IND 19,463.82 -113.57 12noon EDT Change DOW 15,035.18 +60.22 NASDAQ 3,450.80 +16.31
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE 5.38 MALAYSIA 6.55 TAIWAN 5.00 JAPAN 13.128 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 INDIA 0.50 Source: Bloomberg
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  • Article
    Lock icon Property love affair drives up debt levels
    816 1  -  Household leverage is 75% of GDP, but recent govt moves may pull down loan volumes By SIOW LI SEN [SINGAPORE] Singaporeans’ obsession with property has pushed their debt levels to a steep 75 per cent of gross domestic product (GDP), doubling from 38
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      99 1 COMPANIES FEOrchard plots move into Australia PAGE 5 STRAIT TALK Making a difference to safety at sea PAGE 19 COMMENTARY Logic behind BRIC’s love for luxury PAGE 23 EXEC MONEY China gets tough with liquidity crunch PAGE 30 REAL ASSETS OUTLOOK: What’s ahead amid potential shifts in monetary policy and
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      67 1 The leading Swiss private banking group. Since 1890. www.juliusbaer.asia My name: Walid My occupation: Hotel owner My dream: An international top ranking for my hotel group My private bank: Julius Baer, becausetheirfinancial adviceoffersmeaworld ofopportunities Julius Baer is present in over 40 locations worldwide. From Hong Kong, Shanghai, Singapore, Dubai, Moscow,
      67 words
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  • TOP STORIES
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      346 2 COMPANY NEWS, PAGE 7 FRONT PAGE SINGAPORE NEWS, PAGE 9 FRONT PAGE MALAYSIA NEWS, PAGE 10 TOP STORIES, PAGE 2 GREATER CHINA, PAGE 12 TOP STORIES, PAGE 4 ECONOMY WATCH, PAGE 14 COMPANY NEWS, PAGE 5 WORLD NEWS, PAGE 15 The best pure-play private bank in Asia EFG Bank Asiamoney
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      26 2 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WATS NOTICES
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      1102 3 INSTITUTE OF SINGAPORE CHARTERED ACCOUNTANTS Formerly ICPAS Global Mindset, Asian Insights www.isca.org.sg rti >pA wi irms shall in Sin ,c least tv mi m HAW NSC VET NAM 31 4 GUEST O 'H, i i fj Chapter 2A) on 11 Ftbruafv known as the Institute ot brings n ,r '>od\
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      312 4 Attention NRIs and PIOs www.hdfc.com Want to buy a home in India? 8 leading Indian developers. Up to 50 projects. Right here in Singapore. i’U>i Ob ■e •nM UIIUAJ HDFC in jpnfe 9 Venue: Raffles Convention Centre Wilberforce Bailey Room, Level 4 Fairmont Hotel, 80 Bras Basah Road Singapore *****0.
      312 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon FEOrchard plots move into Australia
      577 5  -  But ‘fortress S’pore’ is still key market for the company: Lucas Chow By MINDY TAN EVEN as Far East Orchard (FEOrchard) expands its portfolio with its proposed plans to move into Australia, it is still committed to the Singapore market. Assuming that the proposed joint
      PHOTO: TOGA GROUP  -  577 words
    • Article
      Lock icon Transcu to study funding options for arrears, damages
      292 5  -  By LEE MEIXIAN BIOTECH firm Transcu Group yesterday said S L Development Pte Ltd (SLD), which had served its unit Transcu Ltd a writ of summons last September for rental arrears and damages, has since agreed to a standstill on the enforcement
      292 words
    • Article
      Lock icon GLP leases 23,000 sq m in China to Lefeng
      243 5  -  By TEO SI JIA GLOBAL Logistics Properties (GLP) has announced that it will lease 23,000 square metres of space in its facilities in Beijing and Chengdu to Chinese e-com-merce firm Lefeng. The online retailer will use 18,000 sq m of space
      243 words
    • Article, Illustration
      Lock icon Firms modestly optimistic about Q3
      525 7  -  200 business owners and execs give projections in six key areas By ANNABETH LEOW COMPANIES here are modestly optimistic about their prospects in the third quarter of this year, going by the latest Business Optimism Index (BOI) from Dun Bradstreet (D&B) Singapore. To arrive at
      PHOTO: AFP  -  525 words
    • Article
      Lock icon Petra seals US$860m sale of cocoa unit
      313 7  -  By ANNABETH LEOW PETRA Foods has completed the sale of its cocoa ingredients division to Zu-rich-based chocolate manufacturer Barry Callebaut. The sale proceeds, subject to final post-completion adjustments, were estimated at US$860 million, said Petra. “The reduced sales proceeds were due primarily to
      313 words
    • Article
      Lock icon Fund outflows deterring Asian companies from selling US$ debt
      359 7 Bloomberg [HONG KONG] Fund redemptions are discouraging Asian companies from selling US dollar-denominated debt even as bond risk in the region falls. Investors pulled US$23.3 billion from global bond funds in the week ending June 26, the most on record, according
      Bloomberg  -  359 words
    • Article
      Lock icon Sinjia Land hopes to venture into Iskandar
      238 7  -  By ONG CHOR HAO SINJIA Land, formerly known as HLN Technologies, is working on a deal that could see it take its first step in property development in the Iskandar region in Johor. It said in a regulatory filing yesterday that it had
      238 words
    • Article, Illustration
      Lock icon AsiaMedic in cord blood bank JV
      457 8  -  Joint venture backed by chiefs of RJ Corp, Modern Montessori International Group By LYNN KAN ASIAMEDIC will start Singapore’s third private cord blood bank in a joint venture backed by Indian conglomerate RJ Corp chairman Ravi Jaipura and Modern Montessori International Group chairman T
      457 words
    • Article, Illustration
      Lock icon Islamic financing has room to grow
      646 8 US$1.6t industry is at one-third its potential, says CIMB Bloomberg [KUALA LUMPUR] The US$1.6 trillion global Islamic finance industry is growing at a third of its potential as efforts to introduce sukuk tax legislation in non-Muslim nations have stalled, according to CIMB Group Holdings
      Bloomberg; PHOTO: BLOOMBERG  -  646 words
    • Article
      Lock icon GIC, Temasek to invest in Indian property fund
      228 8 Reuters [MUMBAI] The Government of Singapore Investment Corp (GIC), investment firm Temasek Holdings and Oman’s State General Reserve Fund have committed to invest US$200 million in a real estate fund run by Indian mortgage lender HDFC, a source with direct knowledge of
      Reuters  -  228 words
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      322 5 V Qi The Ultimate Degree for Finance Executives EDHEC-Risk Institute PhD in Finance London Nice Singapore Since 2008, EDHEC-Risk Institute has been offering a unique PhD in Finance programme to elite practitioners who aspire to higher intellectual levels and aim to redefine the investment banking and asset management industries. Drawing
      322 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI enters positive territory for 2013
      614 6  -  Banks and SingTel help index rebound 32 points; turnover low at 2.05b valued at $1.27b STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) rebounded 32.39 points to 3,173.32 yesterday, propelled by a push on blue chips like SingTel, Global Logistic Properties (GLP)
      Source: Bloomberg  -  614 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Jul 2 VALUE CLOSE BT OB/OS -289.00 +20.0 BT CADI -*****.00 +187.0 BT 10-day MA -*****.00 -28.00 FTSE ST Mid Cap 754.99 +8.41 FTSE ST Small Cap 568.62 +6.51 FTSE ST All Share 778.31 +8.14 FTSE ST China Top 196.68 +3.01 FTSE ST China 228.23 +4.00 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME Mirach Energy 124,901,000 Innopac 109,648,000 CNA 92,838,000 Oceanus 73,647,000 Transcu Grp 56,100,000 WE Hldgs 49,384,000 LifeBrandz 46,952,000 Aussino 42,387,000 Ramba 42,366,000 New Wave 41,475,000 VALUE($) DBS Grp 60,234,178 GLP 58,401,730 UOB 51,627,410 SingTel 49,254,620 OCBC Bk 46,793,830 CapitaLand 41,505,760 Wilmar 33,739,400 Mirach Energy 30,473,435 Genting SP
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 3 2 0 0 0 10 3 2 Manufacturing 69 25 36 11 0 12 80 25 48 Commerce 25 14 18 6 3 2 31 17 20 Tpt/Stor/Comms 22 10 6
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Sino Grandness Food Industry
        406 6 July 2 close: S$1.46 Maybank Kim Eng, July 2 SINO Grandness announced on Monday that it has obtained a no-objection letter from the Singapore Exchange (SGX) for the proposed Garden Fresh spin-off. It is an important milestone that we have been waiting for; the approval from
        Source: Bloomberg  -  406 words
      • Article, Illustration
        Lock icon Ezion Holdings
        451 6  -  Compiled by ANDREA SOH July 2 close: S$2.12 DMG Partners Research, July 1 AS Ezion’s share price has fallen 14 per cent since its recent peak, we see this as an opportunity to accumulate. We believe that concerns over the impact of rising interest rates on the group
        Source: Bloomberg  -  451 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,111 27,111 54,897 54,897 Manufacturing 305,053 77,685 382,738 168,492 15,255 183,747 Commerce 266,697 68,311 335,008 87,814 6,153 93,967 Tpt/Stor/Comms 125,437 41,588 167,025 158,043 15,345 173,388 Finance 127,585 50 127,635 188,608 18 188,626 Construction 74,490 14,485
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Change CapMallsAsia 1.830 +0.035 CapitaLand 3.090 +0.080 CapitaMall 2.000 CityDev 10.820 +0.290 ComfortDelGro 1.850 +0.015 DBS Grp 15.700 +0.220 GLP 2.880 +0.120 Genting SP 1.380 +0.020 Golden Agri 0.565 -0.005 HK Land 6.900 +0.220 HPH Trust US$ 0.740 +0.005 JMH 61.010 -0.290 JSH
      115 words
    • Article, Illustration
      Lock icon Euro falls as Europe’s producer prices slip
      463 6 CURRENCIES Bloomberg [LONDON] The euro yesterday fell towards a four-week low against the US dollar as a report showed producer prices in the 17-nation bloc unexpectedly declined, adding to signs that the economy is struggling to recover. Europe’s common currency snapped three days
      Bloomberg; PHOTO: BLOOMBERG  -  463 words
    • Article
      Lock icon RISES
      114 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 685.8 5.7 GLD 10US$ ***** 249.3 1.6 DBXT MSJAP 10US$ 4469 169.6 3.1 DBXT SPASX200 10US$ 3510 124.0 2.9 DBXT FTVietnam 10US$ 2247 86.0 3.1 IS S&P500 ***** 68.3 0.3 UOB 2011 49.0 2.5 DBXT MSKorea 10US$ 5358 41.8 0.6 CityDev
      114 words
    • Article
      Lock icon FALLS
      129 6 BY CENTS CLOSE DOWN Jardine C&C 4207 -125.0 -2.9 JSH 3640 -64.5 -1.4 JMH 6101 -36.7 -0.5 DBXT S&P Short 10US$ 3019 -26.6 -0.7 DBXT MSINDO 10us$ 1554 -13.9 -0.7 DBXT CSI300 10US$ 682 -11.4 -1.3 Lyxor EmergingMkts 1 962 -11.4 -0.9 Lyxor China H 10US$ 1240 -10.1 -0.6
      129 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      237 7 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School Nurturing Shaping the Future of ;iT^ Business i i* Chris Ong General Manager Engineering Keppel EELS Limited, Singapore Jj Kerkeley-Nanyang Cohor&^^~ ADVANCED MANAGEMENT Advanced Management Programme in International Tax Berkeley-Nanyang Advanced Management Programme lATA-Nanyang Advanced Management Programme in Air Transport Nanyang-Wharton Senior Leaders Programme
      237 words
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      16 7 CELEBRATE ANYOCCASION Per Table $850++From CONTACT OUR MICE SPECIALISTS NOW! Quote D&DPROMOuponenquiry 6577 9977 mice@rwsentosa.com www.rwsentosa.com
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      595 8 Workplace Success: Unlock Your Potential Maximise Your Performance Who should attend: Senior and Middle Management, Supervisors, Social Media Managers Consultants, Corporate Communications and Marketing Managers Consultants, Sales and Business Development Managers Executives, and those who are interested in attaining higher productivity at work. Productivity a nd Innovation Credit (Pi g
      595 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Inventors claim mobile clinic’s patent infringed
      623 9  -  MobileStats alleges Syntech produced similar clinic without a licence from it By GRACE LEONG THE issue of the novelty of MobileStats Technologies’ patent for an emergency mobile clinic took centre stage in a trial yesterday of intellectual property infringement claims brought by its inventors
      623 words
    • Article, Illustration
      Lock icon S’pore firms need to look beyond Chengdu in Sichuan
      470 9  -  By LEE U-WEN THERE are many opportunities for Singapore companies to expand in China’s Sichuan province beyond the city of Chengdu, said Acting Culture, Community and Youth Minister Lawrence Wong yesterday. He said Singapore businesses could contribute to the growth of
      470 words
    • Article
      Lock icon Peter Lim no longer appealing sentence
      211 9  -  By GRACE LEONG FORMER Singapore Civil Defence Force (SCDF) chief Peter Lim Sin Pang, who began his six-month jail term last week, is no longer appealing his sentence. Lim, who was found guilty on May 31 of one count of corruption and has admitted
      211 words
    • Article
      Lock icon $10m research grants for power projects
      312 9  -  By LIVIA YAP THE Energy Market Authority (EMA) yesterday awarded a total of $10 million in research grants to six projects on Smart Grid technologies. The Smart Grid grant call was made in June last year as part of the Energy Research Innovation Programme
      312 words
    • Article, Illustration
      Lock icon Japan’s Denka opens fourth plant here
      364 9  -  By NG ZHUO YANG DENKA Advantech Pte Ltd Synthetic Fiber, a whol-ly-owned subsidiary of Denka Chemicals Holdings Asia Pacific, has opened a new $46 million polyvinyl chloride (PVC) fibre plant in Singapore. Located at 6 Tuas South Drive, Denka’s high-tech manufacturing plant is the
      364 words
    • Article, Illustration
      Lock icon GARDENS BY THE BAY TURNS ONE IN STYLE
      135 9  -  By TEO SI JIA THE Supertrees of Gardens by the Bay have dropped their pretence of any semblance to trees to throw a flashy party for the whole of this week. To commemorate the first anniversary of its abode, the Supertree Grove
      135 words
    • Article
      Lock icon Small accounting firms told to do more for SMEs
      380 9  -  There is scope for SMPs to expand services: Tharman By KELLY TAY SMALL and medium-sized accountancy firms here are not doing enough to serve the SME sector, and should expand their offerings to include risk assessment and financial management services. This
      380 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon New laws governing M’sian financial sector kick in
      701 10 Key features include greater clarity, and focus on syariah compliance [PETALING JAYA] New legislation governing financial institutions in Malaysia came into force on Monday, Bank Negara said. According to Malaysia’s central bank, the rules under the wide-reaching Financial Services Act 2013 (FSA)
      PHOTO: BLOOMBERG  -  701 words
    • Article
      Lock icon Tenaga plans RM2b bond sale
      264 10 Bloomberg [KUALA LUMPUR] Tenaga Nasional Bhd, Malaysia’s biggest power producer, plans to sell as much as RM2 billion (S$801 million) of Islamic bonds to refinance existing debt, according to a person with knowledge of the deal. The state-owned company may offer notes with maturities of
      Bloomberg  -  264 words
    • Article
      Lock icon World Bank lowers outlook for Indonesia’s 2013 economy
      347 10 Reuters [JAKARTA] The World Bank yesterday lowered its forecast for economic growth in Indonesia this year due to a slow-er-than-expected recovery in exports, a weaker outlook for foreign investment and softer commodity prices. In its quarterly economic outlook, the World Bank also
      Reuters  -  347 words
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      1991 10 mats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices AC QUANT Societé d’investissement à capital variable Registered office: 5, Heienhaff, L-1736 Senningerberg Grand Duchy of Luxembourg R.C.S. Luxembourg B *****3 The shareholders of AC Quant (the “Company”) are hereby invited to attend the EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS which will
      1,991 words
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      191 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FLINT INVESTMENTS PTE. LTD. Company No. *****4427R (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the
      191 words
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      1698 11 ADVERTORIAL Foundation for excellence Singapore Institute of Management Global Education graduates gain the grounding to reach for the stars HE may have graduated over a decade ago and is now a company director based in Hong Kong, but Singapore Institute of Management Global Education (SIM GE) alumnus Tan Soon Hoe
      1,698 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Chinese banks raise cash in creative ways
      792 12 Many entice public with a slew of wealth management products NYT [SHANGHAI] Text message solicitations began arriving on the mobile phones of many of China’s wealthy last month, promising access to lucrative wealth management products with yields far above the government’s benchmark savings
      NYT; PHOTO: REUTERS  -  792 words
    • Article
      Lock icon Golden era of China’s banks fading as cash crunch hits
      666 12 Investors fear slower earnings growth and defaults Bloomberg [SHANGHAI] Chinese banks’ valuations are close to their lowest on record as the nation’s interbank funding crisis exacerbated investors’ concern that earnings growth will stall and defaults may surge as the economy
      Bloomberg  -  666 words
    • Article
      Lock icon Overnight money market at month low
      341 12 Bloomberg [SHANGHAI] China’s overnight money market rate dropped to a one-month low on speculation the central bank used targeted fund injections to ease a record cash squeeze. Around 50 transactions for overnight funds in the interbank market were recorded at rates of 4 per
      Bloomberg  -  341 words
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      2425 12 Armarda Group Limited (Incorporated In Bermuda) Company Registration No. ***** NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2013 Annual General Meeting of Armarda Group Limited (the “Company”) will be held at Room 3501, West Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong and via
      2,425 words
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  • INDIA
    • Article, Illustration
      Lock icon Resist gold to bolster rupee, Indians urged
      735 13 RBI also keeps an eye on speculative currency trades Bloomberg [MUMBAI] Indian policy makers are urging citizens to resist buying gold and boosting scrutiny of speculative currency trades after import curbs and US dollar sales failed to stem the world’s biggest currency loss.
      Bloomberg; PHOTO: AP  -  735 words
    • Article
      Lock icon 26 firms apply for new bank licences in India
      293 13 Tata Sons, IDFC, L&T Finance and Bajaj among front runners Bloomberg [MUMBAI] Tata Sons Ltd, which manages India’s biggest business group, and firms controlled by billionaires Anil Ambani and Kumar Mangalam Birla are among 26 seeking India’s first new banking licences
      Bloomberg  -  293 words
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      2966 13 AT3 NOTICES 1 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices AZEUS SYSTEMS HOLDINGS LTD. (Incorporated in Bermuda on 10 May 2004) (Registration Number: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held on Monday 22 July 2013 at 10
      2,966 words
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  • ECONOMY WATCH
    • Article
      Lock icon Aussie bond issuance slows after Fed talk on ending stimulus
      493 14 Bloomb erg [SYDNEY] Bond issuance in Australia slowed to the least in 18 months in June as the US central bank’s plan to pare back record stimulus sent global yields skyrocketing and the Aussie plunging to a nearly three-year low.
      Bloomberg  -  493 words
    • Article, Illustration
      Lock icon Rudd flags Australia’s recession risk as mining boom ends
      763 14 His rhetoric puts him more in tune with voters as he faces Nov election Bloomberg [SYDNEY] Kevin Rudd is ditching the optimism of his predecessor and selling himself as the best leader to steer Australia through a downturn as Chinese demand
      Bloomberg; PHOTO: BLOOMBERG  -  763 words
    • Article
      Lock icon Japan’s poor husbands have less to spend
      397 14 Their monthly allowance down 3% to lowest since 1982 Bloomberg [TOKYO] The average Japanese husband’s monthly allowance slumped to the lowest level since 1982 at the start of the financial year as workers await the dividends promised by “Abenomics”. Salarymen’s spending money, typically
      Bloomberg  -  397 words
    • Article
      Lock icon RBA holds key interest rate at 2.75%
      397 14 Bloomberg [SYDNEY] Australia’s central bank left its key interest rate at a record low on signs of a pick-up in housing and as a slide in the currency eases pressure on exporters. Governor Glenn Stevens and his board kept the overnight cash-rate target
      Bloomberg  -  397 words
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      1017 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices LATITUDE TREE INTERNATIONAL GROUP LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****8683N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM") of Latitude Tree International Group Ltd. ("Company”) will be held at
      1,017 words
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      482 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF Kinboshi Singapore Pte. Ltd. Company Registration Number *****3544W (IN MEMBER’S VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [(Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the member of Kinboshi Singapore Pte. Ltd. deemed to have been
      482 words
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      452 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 FUJIN TECHNOLOGY PTE LTD (In Members’ Voluntary Liquidation) Company Reg. No. *****1590E At an Extraordinary General Meeting of the members of FUJIN TECHNOLOGY PTE LTD duly convened and held at 21 Oxley Walk #05-14, Singapore *****3 on 25 June 2013 at
      452 words
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  • WORLD
    • Article
      Lock icon US seeks to calm Europe over spying reports
      836 15 American surveillance is a natural part of modern statecraft, says Washington WP [WASHINGTON] The Obama administration on Monday moved to contain a diplomatic flare-up with Europe over reports that the United States has spied on some of its closest allies, assuring them
      WP  -  836 words
    • Article, Illustration
      Lock icon Timing of Fed tapering confuses investors
      914 15 Unemployment may hit 7% much earlier than Fed predicts Bloomberg [ATLANTA] Unemployment will fall to about 7 per cent in the fourth quarter, according to economists at five of the world’s largest banks, creating more confusion among investors about the Federal Reserve’s bond buying
      Bloomberg; PHOTO: AFP  -  914 words
    • Article
      Lock icon Majority of US workers want to change careers: poll
      387 15 Reuters [NEW YORK] So much for a dream job. Only 14 per cent of US workers believe they have the perfect job and more than half want to change careers, according to a poll released on Monday. A Harris survey for
      Reuters  -  387 words
    • Article
      Lock icon Deutsche Bank edges out JPMorgan as Q2 bond sales leader
      501 15 Bloomberg [LISBON] Deutsche Bank AG displaced JPMorgan Chase Co as the biggest underwriter of bond sales outside the US in the second quarter, leaving Germany’s biggest lender and the largest US bank almost neck and neck midway through 2013. Deutsche
      Bloomberg  -  501 words
    • Article, Illustration
      Lock icon Italy’s historic monuments hit by budget cuts
      730 16 Unesco issues rebuke as sites are closed to tourists AFP [ROME] Alarm bells are ringing once more over the upkeep of Italy’s historic monuments, from the Roman city of Pompeii to the Colosseum, with budget cuts hampering repairs and Unesco issuing a stern
      AFP; PHOTO: AFP  -  730 words
    • Article
      Lock icon Japan pension fund invests in US power plant
      411 16 AFP [TOKYO] A Japanese pension fund is joining a Canadian partner and other firms in a US$2 billion deal involving the purchase of a US power plant, a company involved in the deal said yesterday. The Pension Fund Association, a federation of
      AFP  -  411 words
    • Article, Illustration
      Lock icon Portugal minister quits amid austerity fatigue
      765 16 Finance minister is biggest political casualty of debt crisis Reuters [LISBON] Portugal’s Finance Minister Vitor Gaspar, architect of Lisbon’s austerity drive under an EU/IMF bailout, resigned on Monday in a potential blow to the country’s planned exit from the rescue programme. Widely blamed by
      Reuters  -  765 words
    • Article
      Lock icon Punters bet big money on British royal baby
      758 16 AFP [LONDON] Will it be a girl called Alexandra, or a boy called Wayne? No one outside Buckingham Palace knows, but it has not stopped punters from around the world betting on Britain’s royal baby. Bookmakers say that they expect that wagers
      AFP  -  758 words
    • Article, Illustration
      Lock icon Zynga hires head of Xbox unit in turnaround bid
      557 16 NYT [NEW YORK] Zynga, the social games maker that has stumbled badly over the last year, said that it had replaced its founder and chief executive, Mark Pincus, with the head of Microsoft’s Xbox video game business, Don Mattrick. The change,
      NYT; PHOTO: AP  -  557 words
    • Article, Illustration
      Lock icon Basel rules threaten Danish mortgage market
      830 17 Plan to limit single counterparty exposures is not feasible Bloomberg [COPENHAGEN] Denmark is warning that the world’s biggest mortgage market per capita is again under threat from a proposal by the Basel Committee on Banking Supervision. A plan to limit single counterparty exposures to
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    • Article
      Lock icon Big US firms paid just 12.6% tax, not 35%
      537 17 NYT [NEW YORK] The biggest, most profitable American companies paid only a fraction of the taxes they would owe under the official corporate rate, according to a study released on Monday by the Government Accountability Office (GAO). Using allowed deductions and
      NYT  -  537 words
    • Article
      Lock icon Global mergers in H1 the slowest in 4 years
      653 17 NYT [NEW YORK] A long-awaited rebound in mergers is taking its time to arrive. But for all the hand-wringing by bankers and lawyers, the business of arranging deals has not quite disappeared yet. Despite a strong start that yielded four blockbuster
      NYT  -  653 words
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      Lock icon WB plans budget revamp aimed at poverty goal
      909 17 Bloomberg [WASHINGTON] World Bank president Jim Yong Kim is preparing an overhaul of the lender’s budget that he says could lead to “massive shifts” in funding to reflect changing priorities under his goal of ending extreme poverty by 2030. “We don’t really
      Bloomberg; PHOTO: REUTERS  -  909 words
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      Lock icon Obama’s Africa tour leaves many unmoved
      706 18 His pledges were thin on detail and dwarfed by China’s lavish investment AFP [JOHANNESBURG] It was billed as a new chapter in relations with a continent on the move, but US President Barack Obama’s whirlwind tour of Africa left many underwhelmed by pledges that
      AFP; PHOTO: REUTERS  -  706 words
    • Article
      Lock icon New orders for factory goods rise 2.1% in May
      394 18 LATEST US DATA Bloomb erg Reuters [WASHINGTON] New orders for US factory goods rose for a second straight month in May, adding to tentative signs of stabilisation in manufacturing after a recent slowdown. The Commerce Department yesterday said new orders for
      Bloomberg; Reuters  -  394 words
    • Article
      Lock icon Cut gold holdings, buy equities: UBS
      431 18 Slow US growth ‘will boost equities more than commodities’ Bloomberg [LONDON] The commodity supercycle has ended and investors should reduce their holdings in raw materials, especially gold, and buy equities, UBS AG said. Slow economic growth in the United States will boost equities more
      Bloomberg  -  431 words
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      Lock icon Greece has 3 days to deliver on aid conditions
      633 18 Reuters [BRUSSELS] Greece has three days to reassure Europe and the International Monetary Fund (IMF) that it can deliver on conditions attached to its international bailout in order to receive the next tranche of aid, four eurozone officials said yesterday. The
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      Lock icon Fed votes on capital rules to prevent repeat of 2008 crisis
      700 18 Bloomberg Reuters [NEW YORK] US banking regulators agreed to ease requirements for some of the smallest lenders in a new set of capital standards designed to prevent a repeat of the 2008 crisis that almost destroyed the world’s financial
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      52 15 Wine, Dine Hospitality High A h -rfhon Presented by Winemaker Jerome Abeille Featuring exceptional wines from Rhone Valley including the 92-Pointer 2008 Chateauneuf-du-Pape Wine Class 9 July, 7pm Wine Dinner 10 July ■I Holn Reservations; 6730 3395 ilcielo@hilton.com Level 24 Hilton Singapore, 581 Orchard Road Singapore *****3 facebook.com/hiltonsingapore L Al
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      34 17 ti-ii'l JACKPOT Estimated Draw on Thu, 4 Jul 2013 at 6.30pm For details, visit www.singaporepools.com.sg Ip A Yri) Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G SINGAPORE E POOLS
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  • Transport HUB
    • Article
      Lock icon SSA elects council for two-year term
      365 19  -  Patrick Phoon continues as SSA Council president for a second term By LYNN KAN THE Singapore Shipping Association (SSA) yesterday elected seven members to its council for a two-year term ending 2015. The council will co-opt six additional councillors, the names of whom will
      365 words
    • Article
      Lock icon Port ops unaffected by vessels’ collision
      292 19  -  By LYNN KAN OPERATIONS at Singapore’s ports were unaffected by the oil spill resulting from the collision of a pair of bulk carriers yesterday off Tanah Merah Ferry Terminal. The Maritime and Port Authority of Singapore (MPA) said at 6.10pm that it was investigating
      292 words
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      Lock icon Tanker rates drop as US oil imports fall to 20-year low
      490 19 Bloomberg [LONDON] Growing US energy independence is driving the biggest drop in crude imports in two decades and rates for the oil tankers most reliant on the shipments to the weakest in at least 16 years. Seaborne imports will
      Bloomberg; PHOTO: BLOOMBERG  -  490 words
    • Article
      Lock icon Making a difference to safety at sea
      780 19  -  The IMO’s Symposium on the Future of Ship Safety proposes a full review of the existing regulatory regime STRAIT TALK By DAVID HUGHES SINCE the Costa Concordia accident at the beginning of last year, there has been a lot of agonising and discussion
      780 words
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      Lock icon Dry bulk market set to overtake liquid bulk trade by 2015: IHS
      454 19  -  It also predicts crude will be expensive in the medium term By LIVIA YAP THE dry bulk shipping market is set to overtake the liquid bulk market by 2015, said industry expert Jurgen Sorgenfrei, director of Consulting Services,
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    • Article
      Lock icon TRANSPORT STOCKS
      237 19 SGX '000 Jul 2 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.25 0.01 71 Cosco Corp 0.76 0.01 1630 CWT Ltd Vol Ezra Hldgs 0.96 0.03 3948 First Ship Lea 0.01 Freight Links 0.09 unch 4123 Grand Banks unch unch 0 Jaya Hold Ltd 0.58 -0.01 12
      237 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Global freight traffic flat in May: IATA
        432 20  -  Asia-Pac carriers see slip in volume, fall in load factor as China growth softens By NISHA RAMCHANDANI [SINGAPORE] The global air freight market remained flat in May, with Asia-Pacific carriers experiencing a 0.5 per cent slip in demand on the back of softening
        432 words
      • Article, Illustration
        Lock icon Near collisions at US airports expose safety gap
        510 20 Bloomberg [WASHINGTON] A series of near mid-air collisions at commercial airports in recent years exposed inadequate air-traffic control procedures that create excessive risk for planes aborting a landing, accident investigators said. There is “no safety justification” for current rules that in at
        Bloomberg; PHOTO: AP  -  510 words
      • Article
        Lock icon Malaysia’s budget terminal targets May 2 opening
        535 20  -  By PAULINE NG in Kuala Lumpur MALAYSIA Airports Holdings Bhd (MAHB) has maintained that the new budget terminal KLIA2 will begin operations on May 2 next year, despite reported doubts that this will happen. The scepticism was expressed on the front page of
        535 words
      • Article
        Lock icon Incomplete info on pilots and aircraft hampers security checks
        373 20 Report says half of foreign-owned jets don’t list key data Bloomberg [WASHINGTON] US registries of pilots and aircraft contain incomplete information that may interfere with screening for terrorists and investigations of aviation accidents, according to a government report on Monday. The
        Bloomberg  -  373 words
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        Lock icon Lufthansa’s budget airline flies again after revamp
        508 20 Reuters [FRANKFURT] Lufthansa, Europe’s biggest airline, launched its re-branded budget carrier Germanwings yesterday in an attempt to cut costs and win back passengers from no-frills rivals. Germanwings, which is taking over most of Lufthansa’s short-haul flights in Europe, is seeking to re-posi-tion itself
        Reuters; PHOTO: REUTERS  -  508 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Toyota president attempts to shed ‘boring’ tag
        999 21 He presents himself as a car-loving, fashion-forward salesman-in-chief Re uters [NAGOYA] Toyota Motor Corp executives have sometimes seemed to share the personality of the automaker’s best-selling cars dependable and efficient, but also a bit boring and bland. That’s changing. In recent months, Toyota
        Reuters; PHOTO: AFP  -  999 words
      • Article
        Lock icon Some carmakers go extra mile to save pedestrians in accidents
        838 21 They add breakaway wipers, windshield airbag, special hood Bloomberg [WASHINGTON] Occupants of a car are protected by seat belts, airbags and dashboards devoid of sharp objects. A pedestrian’s only defence generally is to get out of the way. More than
        Bloomberg  -  838 words
      • Article
        Lock icon European car sales may be bottoming out
        322 21 Reuters [MILAN] The fall in Italian, Spanish and French car sales slowed its pace in June, raising some hopes that the bottom of a five-year slump in the crisis-hit European market could be close. In Italy, Europe’s fourth-largest car market, June sales fell
        Reuters  -  322 words
      • Article
        Lock icon Toyota releases 1m yen luxury bicycle
        190 21 WP [TOKYO] Toyota Motor Corp has released a luxury bicycle priced at one million yen (S$12,651) under its Lexus brand and will limit sales to 100 units worldwide. The main components of the road bike are made of the same material as that used
        WP  -  190 words
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      317 20 CRYPTIC CROSSWORD Across 1 The compiler’s style faces charge it’s extravagant (10) 6 Fastener is forced at front of piano (4) 9 Italy with new leader, people tense for stimulus (10) 10 Fair chance, some say (4) 12 Star’s very mature in comeback (4) 13 Fat cats perhaps as bogymen
      317 words
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      295 21 Gifts Premiums Fair Singapore Gifts Premiums Fair 2013 www.SGPFair.com Massive Showcase of the Latest Products and Innovative Offerings from over 30 Countries Regions! China, Hong Kong, Indonesia, Malaysia, Singapore, Taiwan and Vietnam, Etc. T Support the “green” gifts movement! Displaying a collection of eco-friendly products from exhibitors, support the sustainability
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  • EDITORIAL & OPINION
    • Article
      Lock icon Civil unrest a challenge for governments
      493 22 EDITORIAL ONE of the striking features of 2013 so far is the extent of civil unrest we have witnessed around the world. The list of countries reeling from this phenomenon is unusually large. Among them are Bulgaria, Brazil, Egypt, Turkey, Greece, Portugal, Spain, Italy
      493 words
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      Lock icon Snowden saga fails to dent overall US-China ties
      817 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 BARELY a week after the White House warned of a “negative impact” on the US-China relationship because of Hong Kong’s decision to allow
      817 words
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      Lock icon Get the UN involved to solve the haze problem
      917 22  -  It’s not just a regional issue it concerns the bigger objective of environmental protection By NG YEW-KWANG The writer is Winsemius Professor in Economics at Nanyang Technological University THE unhealthy air pollution caused by the burning of forests in Indonesia has
      PHOTO: AP  -  917 words
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      Lock icon Logic behind BRIC’s love for luxury
      1543 23 As consumers there believe in investing and not consumption, marketing dynamics are different from developed nations The writer is a professor of management and associate dean of the ESSEC Global MBA at ESSEC Business School Paris-Singapore. This article was first published on ‘ESSEC Knowledge’
      PHOTO: REUTERS  -  1,543 words
    • Article, Illustration
      Lock icon It’s time to start talks for an Asia-Europe FTA
      635 23  -  By TOMMY KOH, JOERGEN OERSTROEM MOELLER Tommy Koh is Ambassador-At-Large of Singapore and founding executive director of the Asia-Europe Foundation. Joergen Oerstroem Moeller is visiting senior research fellow, Iseas and adjunct professor, Singapore Management University Copenhagen Business School WE urge political
      PHOTO: AP  -  635 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      875 24 The Business Times Shipping times J e b e lA Shanghai■ LaemChabang■ Chittagong li Port Klang J e d d a h B r i s b a n e H a m b a n NYK RORO Conventional ServiceREGULAR SERVICE TO t o t a REGULAR SERVICE TO Persian
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      522 24 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TAIKO CF318 16/06 18/06 21/06 27/06 05/07 TAMESIS FF326 19/06 24/06 28/06 03/07 09/07 TONSBERG FF327 24/06 28/06 01/07 03/07 09/07 15/07
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      1209 25 Shipping Times TOLL MARINE LOGISTICS PERKINS SHIPPING (SINGAPORE) PTE LTD LOYANG OFFSHORE SUPPLY BASE, LOYANG CRESCENT, BLK 103, TOPS AVE 1, #08-01, SINGAPORE *****8. MAILBOX NO. 5013 CR NUMBER: **********0G OPERATOR CODE: PV WEEKLY CONTAINER CONVENTIONAL SERVICE TO EAST TIMOR NORTHERN AUSTRALIA VESSEL VOY ETA SIN ETD SIN ETA DILI
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      200 25 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA 1 08/13 05/07 07/07 BELITUNG/PKL BALAM SRIJAYA8 07/13 06/07 08/07 JAMBI/PEKAN BARU SINOPA 11/13 05/07 07/07 PALEMBANG/PANJANG FAJARMAS 07/13 08/07 10/07 BELAWAN/LHOKSEUMAWE SIANIRI 10/13 05/07 07/07 BENGKULU/PADANG CARAKA JN322 07/13 10/07 12/07 SABANG/MALAHAYATI INDONESIA JAVA SULAWESI
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3172 26 Transaction date: Jul 2 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 188 106 AIMSAMPIReit M Cap High Low Company 75 55 ASL Marine
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      Lock icon SGX CATALIST
      238 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day 2.4 1.3 t Advanced System 1.4 unch 800 1.4 1.3 1.3 1.5 22.3 Div Gr Yld Net M Cap High Low
      238 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10879 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 0.9967/ Asian Smaller Cos!** 1 9354/ EIV Local Ccy Bond 0.9362/ European
      10,879 words
    • Article
      Lock icon GLOBALQUOTE
      245 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 52 31 Genting HK US$ US45.5 +0.5 5175 46 44.5 45 45.5 2996 Last 260 191 TanChongInt HK218 228 240 4.3 3.2 7.3 4390.3 DISCLAIMER: All
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      Lock icon SGX ETF
      912 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Company 143 120.4 CIMB APAC Div 100S$D 127.7 130 130.7 114.4 99 CIMB APAC Div 100US$ US99.2 102 102.9 10.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      616 28 Jul 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.15 *****.74 *****.54 Sep13 *****.00 *****.00 *****.00 *****.00 *****0 *****7 Dec13 *****.00 *****.00 *****.00 *****.00 45 ***** MSCI TAIWAN INDEX FUTURES SPOT 288.55 288.66 286.65 Jul13 282.10 282.80 280.70 281.70 ***** *****8 Aug13 279.40
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Jul 1 Index Change Change Change Change Change Change World Preliminary 1045.9 1.0 11.5 0.9 12.2 1.1 8.3 EAFE Preliminary 851.2 0.9 9.9 0.8 7.0 1.0 3.2 Europe Preliminary 1204.6 1.1 5.0
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 28 Jul 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.966 5.632 0.704 7.123 54.612 91.263 0.915 10.415 2.908 1.179 91.442 39.792 1.162 9.106 0.869 27.639 28.406 0.604 0.919 Canada 1.036 5.833
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    • Article
      Lock icon SIBOR
      66 28 Jul 2 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      137 28 Jul 2 GOLD(US$/oz) Jul 02 Jun 28 Hong Kong 1276.20 1218.50 Jul 01 Jun 28 London 1246.46 1214.91 1247.23 1215.94 Source: Thomson Reuters CAST BAR Jul 02 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 115 51 5gm 327 256 10gm 584 511
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    • Article
      Lock icon GOVERNMENT SECURITIES
      92 28 Jul 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.26 6-Month BS*****X 27-Dec-13 0.29 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.07 100.12 100.10 5-Year N*****0T 0.5
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    • Article
      Lock icon PALM OIL
      57 28 Jul 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 13 2365.0 2333.0 2365.0 2334.0 90 733 Aug 13 2364.0 2342.0 2364.0 2328.0 3349 ***** Sep 13 2355.0 2339.0 2362.0 2324.0 ***** ***** Oct 13 2354.0 2332.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 28 Jul 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1621 1.1626 0.9184 0.9187 Canadian dollar 1.2034 1.2042 0.9516 0.9511 Euro 1.6518 1.6525 1.3055 1.3058 NZ dollar 0.9858 0.9862 0.7791 0.7793 Sterling pound 1.9257 1.9262 1.5219 1.5221
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    • Article
      Lock icon CHICAGO BOT
      109 28 Jul 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1570.50 1564.50 1604.25 1560.00 Aug 13 1436.25 1431.00 1453.75 1420.75 Sep 13 1296.25 1303.25 1315.25 1291.75 Nov 13 1243.25 1252.00 1259.00 1238.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13
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    • Article
      Lock icon LIFFE
      95 28 Jul 1 COCOA (£/tonne) Close Prev High Low Jul 13 1432 1440 1439 1420 Sep 13 1452 1458 1459 1439 Dec 13 1463 1469 1472 1450 Mar 14 1462 1467 1469 1449 COFFEE(US$/tonne) Close Prev High Low Jul 13 1755 1731 1764 1711 Sep 13 1785 1759 1791 1748
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1084 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 0.4 1 146 838 39.00 10 Conv Ratio Exer Price Asiatravel.com HoldingsW*****7 0.2 1 25 12 Asiatravel.com HoldingsW*****5 0.5 1 27 36 Best World Intl Ltd W*****5 1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Jul 01 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 103.14 0.57 WTI (Near Mth) 97.90 1.35 Dubai (1-Mth F) 99.18 -0.98 Tapis blend 107.55 -0.28 Minas 103.10 -0.28 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 92.28 -1.05 Jet Kerosene 115.86 -2.16 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Jul 2 S$ Bid Offer 1-month 1.2652 1.2655 2-months 1.2652 1.2656 3-months 1.2653 1.2657 6-months 1.2653 1.2659 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 28 Jul-01 Jul-01 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1784.00 1729.75 3 months 1827.50 1773.00 Copper, Grade A(US$/tonne) Cash 6980.50 6731.00 3 months 6979.00 6750.00 Lead(US$/tonne) Cash 2077.25 2040.50 3 months 2087.50 2051.00 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      127 28 As at 9am Jul 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.194 1.138 Can dollar 1.226 1.179 Euro 1.689 1.609 Sterling pound 1.958 1.883 NZ dollar 1.011 0.973 US dollar 1.289 1.228 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      161 28 Jul 2 $S Offer Bid 0vernight 0.03 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.07 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.55 0.35 9 months 0.70 0.50 12
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      30 29 I SMAPORES 1 HOT “>rre!T WTS LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBOOK.COM/HOTFMSG 3* HOTFMSG
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      30 29 www.omy.sg J O r i > S '•V/c Last few days Vote for your favourite creative blogger and win! lifestyle.omy.sg Download omy Apps □BED omy News iOS App Store Google Play
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      Lock icon Page 29 Advertisements Column 3
      242 29 L IT ASIA s Learn how government assistance schemes can help boost productivity profitability for your business! Tap on the expertise of officers and advisors from Workforce Development Agency, SME Centre SCCCI and SME Infocomm Resource Centre SIRS in a wide spectrum of areas to enhance your business needs! Financial
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      Lock icon Page 29 Advertisements Column 4
      95 29 sjassasss^ 19-21 August 2013 Marina Bay Sands, Singapore An event that gathers Singapore's healthcare clusters Biometric Experience Medical Technology Medical Equipment Supplies system mHealthTeleHealth rehabilitation Kitchen Equipment erm Healthcare Orthopaedic Operation HLShuman resource Patient Record System safetypharmaceutical Innovation SUPPLY CHAIN Mr f facilities management Data Storage DRUGS RFI0 Advancing Asia's
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  • executive Money
    • Article, Illustration
      Lock icon China gets tough on liquidity issue
      876 30  -  Its central bank’s timely intervention in reining in shadow financing helps reassure global markets that it is not letting market euphoria run riot WELLIAN WIRANTO The writer is Asia Investment Strategist at Barclays ‘THE tough decision has to be made. Gone is the liquidity
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      Lock icon Why retail investors need to understand all about ETFs
      1471 30 Their prices can veer significantly from NAV in times of volatility Bloomberg [NEW YORK] David Blain, a financial adviser in New Bern, North Carolina, likes exchange traded funds so much he’s put all his clients’ money in them. He also thinks
      Bloomberg; PHOTO: AP  -  1,471 words
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      Lock icon Charity: A matter of head or heart?
      1602 29  -  The emotional reward of simply giving is gratifying, but having a way to measure what one’s money does will sustain that giving By PAUL SULLIVAN NYT OUR dog Lucy died this week, and it got me thinking about the role she played in
      NYT; PHOTO: AFP  -  1,602 words