The Business Times, 11 July 2013

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Microfilm: NL32656
Total Pages: 34
1 34 The Business Times
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  • Title Section
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    24 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 Thursday, July 11,2013
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  • Article, Illustration
    Lock icon Young lawyers get pay hike, with caveat
    1087 1  -  Big law firms raise starting pay, but runway may be shorter and expectations too high By MICHELLE QUAH [SINGAPORE] Local law firms have hiked starting salaries yet again, with top payers in the industry now offering newly qualified lawyers up to $7,000 a
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,188.04 (+9.41) GST INDEX FUTURES 3,182.00 (+10.00) GSIMSCI 358.75 (+2.57) GSIMSCI FUTURES 357.70 (+2.00) US$ S$ US$ (S$ per US$) 1.275 (US$/S$ per 1.491 1.901 EURO (US$/S$/€ 1.282 1.634 Foreign currency per US$ S$ YEN 100.30 78.60 RM 3.182 2.495 HK$ 7.757 6.083 BAHT 31.29 24.53 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,768.71 +2.22 NIKKEI 225 14,416.60 -56.30 HANG SENG 20,904.56 +221.55 SET INDEX 1,388.41 -10.28 JAKARTA COMP 4,478.64 +74.84 MANILA COMP 6,308.18 -18.84 SEOUL COMP 1,824.16 -6.19 SHENZHEN B 760.05 +15.02 MUMBAI IND 19,294.12 -145.36 12noon EDT Change DOW 15,270.35 -29.99 NASDAQ 3,507.12 +2.86
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA MALAYSIA 5.38 6.55 5.00 INDONESIA 13.425 KOREA 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon China’s rig-builders gatecrash big league
    760 1  -  By LYNN KAN [SINGAPORE] Despite being relative newcomers to offshore rigs, China-based shipbuilding yards have held on to their lead in rig orders in 2013. This has led analysts like Vincent Fernando from Religare Capital Markets to think of 2013 as the “tipping point” for
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      128 1 RESIDENTIAL PROPERTY Loan curbs making it less affordable for investors COMPANIES Roxy ventures overseas COMMENTARY S’pore-Swiss tackling of tax evasion PAGE 25 PAGE 33 PAGE 9 GOVERNANCE Seeking real changes in compliance PAGE 11 **********04 Fresh grads’ starting pay up 2% this year, Page 10 JL .Jaeger-leCoultr;. Grande Reverse Ultra
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  • TOP STORIES
    • THREE-MINUTE DIGEST
    • Article, Illustration
      Lock icon Electronics SMEs taking much longer to pay bills
      737 2  -  Repayment trend likely to improve as industry displays signs of recovery By KELLY TAY [SINGAPORE] Small and medium sized electronics companies in Singapore are taking a significantly longer time to pay their debts compared with a year ago, says DP Information Group.
      FILE PHOTO  -  737 words
    • Article
      Lock icon KL-S’pore high speed rail: final details soon
      461 4  -  Project is ‘on track’, final report to be submitted by the end of this month By PAULINE NG in Kuala Lumpur MALAYSIA expects to be able to share with Singapore soon the details of a final technical report on the proposed high-speed rail
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    • Article, Illustration
      Lock icon AirAsia X makes lacklustre debut
      455 4  -  By PAULINE NG in Kuala Lumpur DESPITE having been priced at the lower end of the institutional bid process, long-haul budget carrier AirAsia X made a surprisingly tepid debut on the Malaysian stock exchange yesterday, opening a mere sen up before closing flat at RM1.25.
      PHOTO: AFP  -  455 words
    • Article
      Lock icon Analysts caution against volatility in China’s money markets
      532 4  -  By KENNETH LIM [SINGAPORE] China’s money markets could become more volatile as the People’s Bank of China (PBOC) becomes more willing to wield interbank rates as a control mechanism, analysts say. “It won’t be at all surprising if that is a way
      532 words
    • Article, Illustration
      Lock icon China set to fall short of 10% trade growth target
      702 4  -  By AYISHAH MA [HONG KONG] China is likely to miss its 10 per cent trade growth target for the second straight year amid tighter scrutiny of trade bills, economists said. In May, the State Administration of Foreign Exchange ordered stepped-up
      PHOTO: AFP  -  702 words
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      311 2 FRONT PAGE SINGAPORE NEWS, PAGE 10 FRONT PAGE GREATER CHINA, PAGE 13 TOP STORIES, PAGE 2 WORLD NEWS, PAGE 15 TOP STORIES, PAGE 4 WORLD NEWS, PAGE 18 COMPANY NEWS, PAGE 6 PROPERTY, PAGE 31 COMPANY NEWS, PAGE 7 PROPERTY, PAGE 33 A STAR ALLIANCE MEMBER r'> THE BEST TIME
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      218 3 ojsmns wiinira /i II s m I ife, 1 v WS&. i I ii o i II v <1 v IS i -I V The Sharan. The ultimate MPV. Class-leading performance. The Sharan has a 2.0 TSI engine with 200 bhp and a 6-speed DSG gearbox giving it a 0-100
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      288 4 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. A Support the “green” gifts movement! Displaying a collection of eco-friendly products from exhibitors, support the sustainability
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      298 5 THE ALL-NEW RANGE ROVER. Experience it now. Visit our showroom for a test drive today. I 52 > III W -:v- 11 Gen IV "Top Gear's Luxury Car of the Year. The best has most definitely just got better -V Top Gear Magazine, January 2013. Range Rover has always been
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon UOB allows online access to gold, silver accounts
      544 6  -  This enables retail customers to buy gold and silver after banking hours By ANDREA SOH UNITED Overseas Bank (UOB) yesterday announced that it has given its retail customers online access to their gold and silver savings accounts, which it said would enable
      FILE PHOTO  -  544 words
    • Article
      Lock icon GLP to develop BMW centre in China
      278 6  -  BMW Brilliance to take up 75,000 sq m facility in Shanghai By ANNABETH LEOW JUST two days after unveiling plans for a $199 million development in Japan, logistics facilities provider Global Logistic Properties (GLP) yesterday announced an agreement to develop BMW’s largest distribution
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    • Article
      Lock icon Oxley sets up units in Cambodia to develop property
      301 6  -  By MINDY TAN OXLEY Holdings Ltd has incorporated four subsidiaries in Cambodia as part of its expansion plans in the country. Each subsidiary has an issued and paid-up capital of 20 million Cambodian riel (S$6,309) divided into 1,000 shares, with 750
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    • Article
      Lock icon OUE H-Trust to raise up to $613.6m from IPO
      622 7  -  Based on 88-90 cent price, distribution yield for 2013 is seen at around 7% By FELDA CHAY OUE Hospitality Trust (OUE H-Trust) the real estate investment trust of Overseas Union Enterprise (OUE) that is heading for a listing is looking to
      622 words
    • Article
      Lock icon Tigerair sees slight growth in load factor in June
      307 7  -  By NISHA RAMCHANDANI TIGERAIR Singapore posted a 22 per cent year-on-year rise in passenger traffic in June, while capacity was boosted by 21.7 per cent, giving rise to a 0.3 percentage point increase in load factor to 86.5 per cent for
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    • Article
      Lock icon LionGold on the prowl for expansion prospects
      346 7  -  By ANDREA SOH WHILE many banks have turned bearish on gold, mainboard-listed LionGold Corp remains optimistic on the outlook for the yellow metal. “We believe the long term outlook (for gold) is well supported by physical market dynamics,” it said in a letter
      346 words
    • Article
      Lock icon PS Group’s IPO fully placed out to private investors
      257 7  -  By LIVIA YAP PS Group Holdings Ltd, a supplier of fasteners, announced yesterday that its initial public offering with a placement of 20.4 million new shares at $0.25 each has received strong interest from investors. The IPO was fully placed out
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    • Article, Illustration
      Lock icon Roxy-Pacific eyeing more overseas ventures
      1383 9  -  It is keen to develop residential or commercial property projects in M’sia, Australia and UK By KALPANA RASHIWALA ROXY-PACIFIC Holdings, which last week announced its maiden overseas venture, is exploring more such enterprises in markets such as Malaysia, Australia and the United Kingdom. It is
      FILE PHOTO  -  1,383 words
    • COMPANY BRIEFS
      • Article
        Lock icon Wilmar unit to start US$1.5b loan facility
        97 9 WILMAR International’s wholly owned subsidiary, Wii Pte Ltd, has signed a mandate letter to start a US$1.5 billion term syndicated loan facility. The Bank of Tokyo-Mitsubishi, CIMB Singapore, Commonwealth Bank of Australia. DBS Bank, HSBC and UOB are the mandated lead arrangers and
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      • Article
        Lock icon KM-606 well ready for production: Mirach
        104 9 MIRACH Energy said the KM-606 well in the Kampung Minyak Oil Field is ready for production. Drilling began in December 2012 but was called off due to extreme weather conditions in the earlier months. KM-606 was drilled up to 485 metres and five layers
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      58 6 US Embassy Or r hac d Road GCBArea ChatsworthRoad Grange Road Embassy ofthe Republic of Indonesia China Embassy High Commission of Brunei Darussalam Jervois Hill GCBArea Bishopsgate Mount Echo Park Jervois Road Nathan Dempsey Road Tanglin Crescent Girl’s Sch Jervois Lane GCBArea GCB Area Road High Commission of Malaysia MRT
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      199 7 The all-new BMW M6 Gran Coupe The Ultimate Driving Machine S: I* I VI V. BMW M6 Gran Coupe w a m BEYOND STATUS. Its approach is signalled by a rich, sonorous sound. And then, suddenly, it appears a captivating vision of luxury and timeless elegance before disappearing around the
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Banks push STI to 2nd straight rise
      611 8  -  Two-day bounce of 33 points puts the index in positive territory for the year to date STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) gained 9.41 points at 3,188.04, thanks to a large push on the three banks that contributed to
      Source: Bloomberg  -  611 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Jul 10 VALUE CLOSE BT OB/OS 378.00 -56.00 BT CADI -*****.00 -31.00 BT 10-day MA -*****.00 +38.00 FTSE ST Mid Cap 748.27 -0.02 FTSE ST Small Cap 568.12 -3.08 FTSE ST All Share 779.82 +1.47 FTSE ST China Top 196.44 +0.70 FTSE ST China 227.15 -0.09 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Mirach Energy 143,988,000 Cedar 107,703,000 Hiap Tong 76,438,000 Intl Healthway 61,042,000 Matex 59,271,000 Noble Grp 54,007,000 GSH Corp 46,558,000 Contel 38,943,000 Thai Beverage 38,409,000 Innopac 35,373,000 VALUE($) DBS Grp 88,813,490 OCBC Bk 63,470,770 Mirach Energy 54,227,610 Noble Grp 49,452,370 Keppel Corp 46,345,250 SingTel 44,934,089 UOB 41,615,880
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 9 2 0 0 0 4 9 2 Manufacturing 43 54 38 9 5 8 52 59 46 Commerce 20 21 18 6 7 1 26 28 19 Tpt/Stor/Comms 15 13 9
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    • BROKERS’ TAKE
      • Article
        Lock icon Roxy-Pacific Holdings
        343 8 July 10 close: $0.625 OCBC Investment Research, July 10 ROXY announced that it has acquired for RM470,000 ($188,000) a 47 per cent stake in Macly Equity Sdn Bhd (Macly) which owns a 70,000 square feet land site in Kuala Lumpur, Malaysia, at Jalan Dewan Sultan Sulaiman. We understand
        343 words
      • Article
        Lock icon Eu Yan Sang International
        264 8 July 10 close: $0.78 CIMB Research, July 10 WE initiate coverage with an “outperform” and target price of $0.89, based on 16.3 times calendar year 2014 PE (0.5 standard deviation above its five-year historical mean). A turnaround of its Australian and Chinese business segments is a
        264 words
      • Article
        Lock icon Tat Hong Holdings
        351 8  -  Compiled by TEH SHI NING July 10 close: $1.185 DBS Vickers Research, July 10 WE see two potential downside risks to earnings for the coming quarter in weaker Australian dollar (AUD) and slower mining and infrastructure spending in Australia. H2 2013 revenues from Australia fell 12 per
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,644 19,644 66,744 66,744 Manufacturing 387,125 175,110 562,235 167,129 17,101 184,230 Commerce 211,642 60,884 272,526 146,957 4,761 151,718 Tpt/Stor/Comms 91,174 91,884 183,058 132,003 33,326 165,329 Finance 52,547 280 52,827 207,704 118 207,821 Construction 48,314 12,066
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 8 Stock name Close Change CapMallsAsia 1.855 +0.010 CapitaLand 3.070 +0.010 CapitaMall 1.965 +0.015 CityDev 10.850 +0.070 ComfortDelGro 1.910 +0.005 DBS Grp 16.340 +0.390 GLP 2.840 -0.040 Genting SP 1.340 -0.010 Golden Agri 0.560 HK Land 6.700 -0.070 HPH Trust US$ 0.750 +0.010 JMH 58.500 -1.600 JSH
      115 words
    • Article, Illustration
      Lock icon Yen gains on signs of Japan’s recovery
      512 8 CURRENCIES Bloomberg [LONDON] The yen rose the most in almost a month against the dollar yesterday, as signs of recovery in Japan’s economy dampened prospects that the nation’s central bank will ease policy further this year. The yen gained against all 16 of
      Bloomberg; PHOTO: BLOOMBERG  -  512 words
    • Article
      Lock icon RISES
      115 8 BY CENTS CLOSE UP DBXT Nifty 10US$ 9883 107.1 0.9 DBXT MSJAP 10US$ 4529 56.1 1.0 DBS Grp 1634 39.0 2.4 UOB.ES.1307 2032 39.0 2.0 Lyxor AsiaRE 10US$ 933 35.7 3.1 Lyxor China H 10US$ 1238 34.4 2.2 GLD 10US$ ***** 29.3 0.2 UOB 2036 28.0 1.4 DBXT MSAsExJp
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    • Article
      Lock icon FALLS
      127 8 BY CENTS CLOSE DOWN JMH 5850 -204.0 -2.7 Jardine C&C 4070 -50.0 -1.2 JSH 3705 -31.9 -0.7 IS LC 1-3Y 100US$ 1011 -30.6 -2.3 DBXT FTVietnam 10US$ 2209 -14.0 -0.5 DBXT S&P Short 10US$ 2960 -12.8 -0.3 IS ASIA HYG100US$ 1034 -10.2 -0.8 STXPO 100 169 -10.0 -5.6 IS
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      19 9 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices MATS NOTICES
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      577 9 THE ULTIMATE GARDEN CITY LIVING in Exclusive Embassy Row, Kuala Lumpur LOCATED IN A WORLD CLASS CITY Kuala Lumpur, capital of Malaysia POTENTIAL HIGH CAPITAL APPRECIATION with proposed MRT station within vicinity APPROX. 5 MINS DRIVE TO KLCC TWIN TOWERS UPCOMING HIGH SPEED RAIL between KL-Singapore, 90 mins to Singapore
      577 words
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      Lock icon Page 9 Advertisements Column 3
      10 9 Compact units a turning point in Roxy’s history, Pg 32
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Govt to provide SMEs with $17m energy fund
      536 10  -  Aim of SME Energy Efficiency initiative is to help companies stay competitive By THE FELDA CHAY THE Singapore government will set aside $17 million for small and medi-um-sized enterprises (SMEs) here to assess, monitor and improve their energy use so that they
      536 words
    • Article, Illustration
      Lock icon Enterprise 50 Association focuses on S’pore society
      473 10  -  Lawrence Wong says S’pore must remain a ‘land of opportunities’ By NG ZHUO YANG ONE may expect a congregation of 100 top entrepreneurs to entail talking shop and networking, but this did not happen at the Enterprise 50 Association’s annual general meeting and
      473 words
    • Article, Illustration
      Lock icon NTU’s new screens will change the feel of ads
      536 10  -  By ANNABETH LEOW DIGITAL display panels at bus stops may soon do more than just show ads. Passers-by could tap, pinch and swipe the screen just as they would a smartphone or a tablet and at a much lower cost to
      536 words
    • Article
      Lock icon Fresh grads’ starting pay up 2% this year
      414 10  -  Engineering, project management are highest-paying: Hay By ANNABETH LEOW FRESH graduates hitting the job market here this year can expect to earn 2 per cent more than those who started on their first job a year ago a rise which has kept
      414 words
    • Article
      Lock icon Boston Phil conductor to speak at business seminar
      353 10  -  By CHUANG PECK MING WHAT is a world-famous orchestra conductor doing in a seminar on business leadership? Not to conduct business, of course. Boston Philharmonic Orchestra Benjamin Zander is one of the key speakers at next month’s Singapore Human Capital Summit. Still,
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    • Article
      Lock icon Help for SMEs heading into the heartlands
      384 10  -  Smaller versions of SME Centres to be sited in every CDC By LIVIA YAP SMALL local businesses can look forward to greater access to free business advice with the establishment of more help centres in the heartlands. Spring Singapore, the People’s Association (PA),
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  • GOVERNANCE: GAME CHANGER
    • Article, Illustration
      Lock icon Seeking real changes in compliance
      1930 11  -  With the new Code of Corporate Governance in effect for the better part of a year, have companies been adhering to the standards and best practices that are recommended? MICHELLE QUAH finds out MICHELLE QUAH SINGAPORE’S new Code of Corporate Governance with its tighter definitions
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      205 11 This is the first in a four-part thought leadership series brought to you by CPA Australia, in conjunction with this year’s CPA Forum on governance and transparency that will be held on Aug 1, 2013. Next week, we will look at the corporate governance issues commonly faced by group structures.
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon SapuraKencana bags oil pipeline job
      403 12  -  Project involves linking Malaysian gas suppliers to Thai consumers By S JAYASANKARAN in Kuala Lumpur MALAYSIAN oil services firm SapuraKencana Petroleum has snagged a mul-ti-million ringgit contract from private firm Trans Thai-Malaysia for engineering and construction of an oil pipeline facility which will link Malaysian
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    • Article, Illustration
      Lock icon Freeport Indonesia resumes mining, shipments
      545 12 Reuters [JAKARTA] Freeport McMoRan Copper and Gold Inc has resumed copper shipments from its Grasberg mine in Indonesia as it restarts open-pit and underground mining, but expects output this year to drop by a fifth following a near two-month stoppage. A training tunnel cave-in killed
      Reuters; PHOTO: JOHN MCBETH  -  545 words
    • Article
      Lock icon Indonesia to be Tata Motors’ hub for S-E Asia sales
      464 12 Carmaker aims to make local assembly factory feasible Bloomberg [JAKARTA] Tata Motors Ltd will make Indonesia a hub to export vehicles to South-east Asia as the country is set to overtake Thailand as the region’s biggest car market. Tata Motors,
      Bloomberg  -  464 words
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      137 12 We're focused. So we can see more clearly. At Aberdeen, asset management is our sole focus. So we have been able to concentrate on building powerful expertise across all key asset classes from equities to bonds, from property to alternatives. And because we have this rich expertise, we can deliver
      137 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China relents on turning over audit papers to US
      729 13 Move is second breakthrough in 2-year spat over accounting scandals Reu ters [SHANGHAI] China’s securities watchdog said that it is ready to turn over audit documents of a Chinese company listed in the United States to US regulators, signalling a second
      Reuters  -  729 words
    • Article, Illustration
      Lock icon Discounts help drive up China car sales
      431 13 Bloomberg [SHANGHAI] China’s passenger vehicle sales rose 9.3 per cent in June after dealers increased discounts to clear stock and meet half-year targets amid a cash crunch and concerns of the economy slowing. Wholesale deliveries of cars, multipurpose and sport utility vehicles climbed
      Bloomberg; PHOTO: AFP  -  431 words
    • Article
      Lock icon Indian banks told to find ways to raise capital
      388 13 Infusion by govt alone not enough to meet Basel III rules Bloomberg [NEW DELHI] India’s state-run banks must decide this month on ways to raise more than 1.5 trillion rupees (S$31.9 billion) by March 2018 to bolster risk buffers and meet
      Bloomberg  -  388 words
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      172 13 FREEHOLD (SORT I will I t- s*. X-C ri ss: *V 3 V' w v V 41 ’%k\ V.J >•£$? S^N Vs -w *S T* K V x 5 W Vv vP v JOHOR Leisure Farm proudly presents an opportunity td be a part of the premier residential address in
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  • ECONOMY WATCH
    • Article
      Lock icon Finland’s external debt widens as recession deepens
      466 14 Govt promises austerity measures as exports shrink, unemployment hits 4-year-high of 10.8% Bloomberg [HELSINKI] A surge in Finland’s external debt load has triggered concern that the northernmost euro member may have more in common with the crisis-stricken south than the nation’s stable AAA
      Bloomberg  -  466 words
    • Article, Illustration
      Lock icon Bank of Japan expected to hold off on stimulus
      536 14 Bloomberg [TOKYO] Economists are ditching forecasts for the Bank of Japan to further expand its record easing this year amid signs that a recovering economy may spur inflation. Thirteen of 20 economists in a Bloomberg News survey completed July 8 saw
      Bloomberg; PHOTO: REUTERS  -  536 words
    • Article
      Lock icon Slowing growth underlines urgency for Mexican reforms
      507 14 Govt promises to open up oil industry, boost tax collection Bloomberg [MEXICO CITY] Mexico is headed for its weakest expansion since a recession in 2009, deepening a slump in peso bonds and adding pressure on President Enrique Pena Nieto to solidify support to
      Bloomberg  -  507 words
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      167 14 9 i* 9 t rws» T '•>** VS >5. ."V V V ,«s» JS* All the ywm M*Ytz'm j m f* i- <>3f; ry.fv. «£«r—- *'-•)>' l* 9 '*w ».Elj m- t n> J •rt i ft •r r f I r a H.v I J* T* ■MBiN ■m S'
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  • WORLD
    • Article
      Lock icon Strong $ set to hurt results of US firms
      576 15 Strong set to hurt results of US firms It is contributing to projected 1% fall in Q2 earnings of non-financial firms in S&P 500 Index Bloomberg [NEW YORK] US companies are poised to post some of their weakest quarterly earnings reports in four years, in part as a stronger dollar
      Bloomberg  -  576 words
    • Article
      Lock icon US business loans set to break ’08 record
      518 15 Total loans to rise above US$1.61 trillion by November Bloomberg [NEW YORK] Bank lending to US companies is rising at a pace that will by year-end push the total above the record high of US$1.61 trillion reached in 2008. Commercial and industrial
      Bloomberg  -  518 words
    • Article, Illustration
      Lock icon New TSE head sees IPOs surging after cash merger
      568 15 Combined market to make it easier for firms to go public Bloomb erg [TOKYO] Newly appointed Tokyo Stock Exchange (TSE) group president CEO Akira Kiyota expects initial public offerings to surge this year after the Tokyo and Osaka bourses integrate their
      Bloomberg  -  568 words
    • Article, Illustration
      Lock icon Blackberry still wants partners in rebound bid
      562 16 CEO looking beyond licensing BlackBerry 10 operating system to phone companies Bloomberg [TORONTO] Canada’s BlackBerry, struggling with losses and a dwindling user base, has renewed its call for partners that can help the smartphone maker get its software on more devices and potentially
      Bloomberg; PHOTO: BLOOMBERG  -  562 words
    • Article
      Lock icon UBS topples BOA to lead wealth managers list
      400 16 Swiss bank gains from clients investing in emerging markets Bloomberg [NEW YORK] UBS, the Swiss lender shrinking its investment banking business, overtook Bank of America (BOA) to top a ranking of the world’s biggest wealth managers compiled by Scorpio Partnership. UBS boosted
      Bloomberg  -  400 words
    • Article
      Lock icon Bangkok to start selling rice amid ‘rising demand’
      470 16 Govt would have to slash prices to move the grain: traders Reuters [BANGKOK] Thailand plans to start selling rice from government stockpiles next week, offloading up to 1.5 million tonnes a month for the rest of the year, but traders said it
      Reuters  -  470 words
    • Article, Illustration
      Lock icon Rudd’s return as premier boosts Labor’s fortunes
      652 17 Party closes gap with opposition ahead of elections WP [CANBERRA] Kevin Rudd’s return to the leadership has sparked a surge in support for Australia’s Labor government, with a poll showing the party has closed the gap with Tony Abbott’s opposition ahead of this
      WP; PHOTO: AP  -  652 words
    • Article
      Lock icon IE Singapore to open another office in Africa
      432 17  -  Its Ghana centre will help S’pore firms seeking business opportunities there By MALMINDERJIT SINGH [SINGAPORE] International Enterprise (IE) Singapore will soon open an Overseas Centre in Ghana, its second in Africa in six months. It will open doors for Singapore companies looking
      432 words
    • Article
      Lock icon S&P cuts Italy’s rating to BBB
      430 17 Bloomberg [NEW YORK] Italy’s credit rating was lowered to BBB, or two levels above junk, by Standard Poor’s because of expectations for a weakening of economic prospects and the nation’s impaired financial system. The outlook on the rating, reduced from BBB+, remains negative, the
      Bloomberg  -  430 words
    • Article
      Lock icon Tribune to spin off publishingbusiness
      242 17 Reu ters [NEW YORK] Tribune Co will separate its publishing business from its more-prof-itable broadcast division, it said yesterday, following the path taken by Time Warner Inc and News Corp. Media companies have been shedding their print assets to allow a greater focus on their
      Reuters  -  242 words
    • Article, Illustration
      Lock icon UK plans part sale of postal service as email pips snail mail
      438 18 Workers oppose government’s plan, mull strike action AFP [LONDON] Britain’s government yesterday announced plans to privatise more than half of Royal Mail, the state-run postal delivery service, following a major restructuring in recent years triggered by a surge
      AFP; PHOTO: AFP  -  438 words
    • WORLD WATCH
      • Article
        Lock icon e-book ruling goes against Apple
        124 18 AFP [NEW YORK] In a decision that could reshape how books are sold on the Internet, a US federal judge ruled that Apple conspired to raise the retail prices of e-books in violation of antitrust law, and called for a trial on damages. Apple had
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        Lock icon Talks on Korean factory park end
        92 18 AP [SEOUL] Talks between the rival Koreas aimed at restarting a stalled inter-Korean factory park ended yesterday with no breakthrough, but both sides agreed to meet again on Monday to discuss restoring what was once a rare symbol of cooperation between the archrivals. The
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        Lock icon Smithfield CEO quizzed over deal
        84 18 Reuters [WASHINGTON] China’s plans to buy America’s Smithfield Foods the world’s biggest pork producer were due to face intense scrutiny later yesterday when US senators question Smithfield’s chief executive about food safety and foreign ownership. The proposed US$4.7 billion purchase by Shuanghui International would be
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        Lock icon Stop hacking, Biden tells China
        120 18 AFP [WASHINGTON] US Vice-President Joe Biden yesterday called on China to end its “outright theft” through hacking as he opened two days of annual talks between the world’s two largest economies. “We both will benefit from an open, secure, reliable Internet. Outright cyber-enabling theft that
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      Lock icon EC unveils final plank for banking union
      555 18 Single Resolution Mechanism will give EC power to shutter any eurozone bank AFP [BRUSSELS] The European Commission yesterday unveiled what it called the “second and final cornerstone” of its ambitious banking union, with proposals for dealing with failing banks. The Single Resolution Mechanism
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    • Article
      Lock icon Air pollution increases lung, heart risks: studies
      558 20 AFP [PARIS] Long-term exposure to particulate air pollution boosts the risk of lung cancer, even at concentrations below the legal maximum, says a European study published on Wednesday. A separate report said a short-term surge in these particles or other gas pollutants in
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      430 20 AFP [KASSEL] With its Hercules statue towering above a massive water cascade, romantic gardens and castle, Germany’s Bergpark Wilhelmshoehe has long been a marvel of baroque landscape design. As of last month, it’s also a Unesco world heritage site. Locals are ecstatic that Europe’s
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      368 15 Would you like to know more about condo ownership in the heart of NYC? NEW YORK CITY AJ.I A m a 21 st CENTURY LIVING IN THE HEART OF NEW YORK Brand new ultra-contemporary condominiums in New York's East Village. 81 contemporary studio, 1, 2 and 3 bedroom apartments located
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      139 15 The Leading Global Finance Master Degree Program for working professionals m m m sf 50 I W K p&ro Master of Science in mm Global Finance Aground-breaking one-year, modular, executive-format master degree program jointly developed by the HKUST Business School and NYU Stern School of Business, the MSGF Program takes
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      2923 16 ATS3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices EASTERN HOLDINGS LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****5390C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of EASTERN HOLDINGS LTD. (the "Company") will be held at 1100 Lower Delta Road, #02-01
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      54 17 HOT PROPERTY i GRANGE res t as# aaH Resort QUet L,ke nevv I600 Y st Delig^er'D° 0ms loft Pool view. A SJfiw' NiCe Slsffl^ B pg»3'Wm,s living j rins. neg° Blg LOOKING FOR DESIGNER DECOR? Check this and many other properties in CATS Classified in The Straits Times now! MATS
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      74 17 saasasas^ Showcasing innovations for holistic healthcare 19-21 August 2013 Marina Bay Sands, Singapore Event Highlights Comprehensive showcase of healthcare solutions Free-to-attend on-floor seminars Endless learning opportunities Biometric Experience MedkalTechnology Medical Equipment Supplies System mHealthTeleHealth rehabilitation Kitchen Equipment erm Healthcare Orthopaedic Operation hls human resource Patient Record System safetypharmaceutical Innovation SUPPLY
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      179 17 Computational Resource Centre High Performance Computing Technologies in Finances Symposium 15 16 July Genexis Theatre, Fusionopolis High Performance Computing is transforming the financial industry through high frequency trading, real-time pricing of derivatives, and large-scale risk analysis. Large financial firms such as JP Morgan now regularly use specialised computational resources in
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      1428 18 (Incorporated in the Cayman Islands on 15 August 2005) (Company Registration No. CT-*****2) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Ruby Meeting Room, The Langham Xintiandi Shanghai 99 Madang Road, Xintiandi, Shanghai *****1, China on Friday,
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      24 18 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG FACEBOOK.COM/HOTFMSG I 3* HOTFMSG
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      61 18 www.comexshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE COMING SOON! 5th 8th SEPT 2013 SINGAPORE EXPO HALLS 5 6 EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX AND WORLD FOOD
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      3024 19 PERTAMA HOLDINGS LIMITED (Company Registration No. *****0483W) (Incorporated in the Republic of Singapore) HARVEY NORMAN SINGAPORE PTE LTD (Company Registration No. *****3514N) (Incorporated in the Republic of Singapore) JOINT ANNOUNCEMENT DIRECTED DELISTING OF AND PROPOSED EXIT OFFER FOR PERTAMA HOLDINGS LIMITED 1. INTRODUCTION 1.1. On 27 January 2012, the issued
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      7 20 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices :;@-~(?[{&|:&+"">&:~;-($!}-_[@(
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      1197 20 aa BOUSTUD Since 1838 BOUSTEAD SINGAPORE LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1036K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the members of Boustead Singapore Limited (the "Company”) will be held on Friday, 26 July 2013 at Brooke,
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      0 21 {/{(!;;*"&:\<(([)-}).[?$>*[>&^'
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      3020 21 TriTech TRITECH GROUP LIMITED (Incorporated In the Republic of Singapore) (Company Registration No. *****9330R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 5 th Annual General Meeting of the Company will be held at 31 Changi South Avenue 2, Singapore *****8 on Friday, 26 July 2013 at
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      1800 22 SJ-J Wu BOUSTEADi Since 1828 BOUSTEAD SINGAPORE LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1036K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Boustead Singapore Limited (the "Company”) will be held at Brooke, Meyer Frankel Room, Level 3, Grand Mercure
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      2268 22 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices 7\ Global YellowPages ‘"^Limited (Incorporated in the Republic of Singapore) Company Registation No. *****4719G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE 10TH ANNUAL GENERAL MEETING of the Company will be held at STI Auditorium, Capital Tower, 9th Floor, 168 Robinson
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      21 22 Grow Your Stock I Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices MATS NOTICES CLA/FEB1 1/g
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      558 22 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF MORGAN TECHNOLOGIES PTE. LTD. (In Members’ Voluntary Liquidation) Company Registration No. *****9031G NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to section 308(2) of the Companies Act, Cap. 50, that a Final Meeting of the
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      1025 22 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF NDCI PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2353N Extract of the minutes by corporate representative of NDCI Pte. Ltd., relating to the proceedings of subsidiary company under section 179(6) of the Companies Act,
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      4566 23 CHASEN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****6814G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CHASEN HOLDINGS LIMITED (“the Company”) will be held at Raffles Lounge (Level 2), Raffles Country Club, 450 Jalan Ahmad Ibrahim, Singapore *****2,
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      82 23 MICROMODULE PTE LTD (In Members’ Voluntary Liquidation) Company Reg. No. (UEN) *****5781W NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap 50, that the Final Meeting of the abovenamed Company will be held at 18 Boon Lay Way #08-105 Tradehub 21 Singapore *****6 on 12 August
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  • EDITORIAL & OPINION
    • Article
      Lock icon Getting the formula right for LNG terminal
      456 24 EDITORIAL SINGAPORE is in the midst of working out a fair, practical formula on the future use of the liquefied natural gas (LNG) terminal here, in the context of its long-standing ambitions to grow into a regional LNG hub. This comes as the
      456 words
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      Lock icon Pain lies ahead as fund flows adjust to BRIC realities
      785 24  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent THE relative ease with which China and other emerging economies were able to take up much of the slack after advanced economies slumped into recession in the wake of the global financial shock
      785 words
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      Lock icon The US as a global risk generator
      1008 24  -  World can’t afford to create major loopholes that could threaten financial system yet again By KEVIN P GALLAGHER The writer is co-director of Boston University’s Global Economic Governance Initiative and a regular contributor to ‘The Globalist’, where this article first appeared THE US
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      Lock icon S’pore-Swiss tackling of tax evasion
      1364 25  -  How the two countries manage such activities will be crucial for their continued success and global standing By YVONNE GUO, WOO JUN JIE The writers are PhD candidates from the Lee Kuan Yew School of Public Policy, National University of Singapore. AS Switzerland continues to
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      Lock icon Look to London to manage investments easily
      822 25  -  By SAJID JAVID The writer is the UK Treasury’s Economic Secretary IHAVE spent this week in Singapore talking to investors and asset managers on behalf of the British government. Before I was minister, I spent a lot of time in this part of
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  • AVIATION/SHIPPING
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      Lock icon Crash set to hit Asiana’s image and bottom line
      1155 26 Airline risks losing customers to Korean Air, faces scrutiny of its training regime Bloom berg [SINGAPORE] Park Sunyoung, who’s flown with her family on Asiana Airlines Inc between Seoul and New York twice in the past two years, is changing airline
      Bloomberg; PHOTO: AFP  -  1,155 words
    • Article
      Lock icon Baltic futures platform draws interest
      547 26 LME, CME Group among those eyeing Baltex, say sources Reuters [LONDON] London’s centu-ries-old Baltic Exchange has received interest from exchanges and financial operators, including the London Metal Exchange and CME Group, for its dry freight derivatives platform, sources said. Volumes have remained low on the
      Reuters  -  547 words
    • Article
      Lock icon TRANSPORT STOCKS
      240 26 SGX '000 Jul 10 S$ +/-Vol CH Offshore 0.43 -0.01 17 Chuan Hup Hldg 0.25 -0.01 30 Cosco Corp 0.74 unch 1234 CWT Ltd Ezra Hldgs 1.00 0.04 ***** First Ship Lea Freight Links 0.10 unch 3570 Grand Banks unch unch 0 Jaya Hold Ltd 0.59 -0.01 442
      240 words
  • Page 26 Advertisements
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      850 26 WATS NOTICES K I GL@BAL Company Registation No. *****4719G Yellow Pages (Incorporated in the Republic of Singapore) NOTICE OF THE PROPOSED ACQUISITION AND SHARE SWAP EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of Global Yellow Pages Limited (the "Company") will be held at STI Auditorium,
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      41 26 TH INDIA K-yj CAT OF THE INDIAN COMMUNITY HOW FARHAN BECAME MILKHA i Trainers share their story on actor's transformation Time to sign up for Integration Cup 2013 Visit www.golfdigest.com.sg GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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  • Page 26 Miscellaneous
    • Miscellaneous
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      357 26 CRYPTIC CROSSWORD Across 1 One achieving great success across the board (11) 7 This fellow beset by idiots and duds (7) 8 When facing problem, journalist may be taken in (7) 10 Fellow’s thus held to be a craftsman (5) 11 Hate a man to be getting agitated about independence
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      520 27 The Business Times Shipping times Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) VESSEL VOY SIN NOU SUVA BUS MOTHER VESSEL NOU SUVA BUS APIA PAGO PAPEETE N’LOFA VILA SANTO TARAWA WESTPHALIA 1301E 17 Jul 28 Jul
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      436 27 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA 1 08/13 IN PORT 12/07 BELITUNG/PKL BALAM SIANIRI 10/13 16/07 18/07 JAMBI/PEKAN BARU FAJAR MAS 07/13 12/07 14/07 PALEMBANG/PANJANG SINOPA 12/13 18/07 20/07 BENGKULU/PADANG SRI JAYA 8 07/13 15/07 17/07 BELAWAN/LHOKSEUMAWE CARAKA JN332 06/13 22/07 24/07
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      452 27 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 TONSBERG FF327 24/06 28/06 01/07 03/07 10/07 16/07 TAMPA CF321 01/07 05/07 09/07 15/07 20/07 ENDURANCE FF329 17/07 20/07 23/07 26/07 31/07
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2965 28 Transaction date: Jul 10 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 AAT Day Last Quote Div Gr Yld 10.4 7 AEM M Cap 188 106 AIMSAMPIReit 159 -1 194 161
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      Lock icon SGX CATALIST
      263 29 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller Cvr P/E Smil .inch
      263 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10973 29 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 Asian Local Gey SD Bond 1.003/ EM Local Ccy Bond 0.9395/ European
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      Lock icon GLOBALQUOTE
      262 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A44 +1 21 44 44 40 44 3.6 8 3.6 162.9 52 31 Genting HK US$ US44.5 -0.5 8770 45.5 44.5 44 44.5 2930.1
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      Lock icon SGX ETF
      902 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 113.5 -0.5 9 113.5 113.5 113 113.5 518.1 143 120.4 CIMB APAC Div 100S$D 127.7 133.7 134.6 114.4 99 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      619 30 Jul 10 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.82 *****.33 *****.69 Sep13 *****.00 *****.00 *****.00 *****.00 *****4 *****2 Dec13 *****.00 *****.00 *****.00 *****.00 10 ***** MSCI TAIWAN INDEX FUTURES SPOT 283.98 287.67 283.98 Jul13 282.50 285.90 281.90 283.80 ***** *****5 Aug13 279.90
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Jul 9 Index Change Change Change Change Change Change World Preliminary 1067.0 0.9 13.7 0.7 14.9 0.7 9.6 EAFE Preliminary 874.9 1.2 13.0 0.8 9.2 0.7 4.2 Europe Preliminary 1234.7 0.8 7.6
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 30 Jul 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.968 5.654 0.719 7.149 55.427 91.889 0.924 10.471 2.932 1.170 92.220 40.046 1.175 9.202 0.893 27.705 28.834 0.618 0.922 Canada 1.033 5.839
      471 words
    • Article
      Lock icon SIBOR
      66 30 Jul 10 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      137 30 Jul 10 GOLD(US$/oz) Jul 10 Jul 09 Hong Kong 1264.00 1268.30 Jul 09 Jul 08 London 1249.01 1236.41 1249.78 1237.18 Source: Thomson Reuters CAST BAR Jul 10 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 116 51 5gm 328 257 10gm 586 513
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 30 Jul 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1748 1.1757 0.9215 0.9218 Canadian dollar 1.2130 1.2140 0.9518 0.9515 Euro 1.6337 1.6346 1.2814 1.2816 NZ dollar 1.0037 1.0044 0.7873 0.7875 Sterling pound 1.9002 1.9011 1.4905 1.4906
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 30 Jul 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1613.25 1609.25 1630.00 1607.00 Aug 13 1468.25 1455.50 1479.50 1452.00 Sep 13 1322.50 1300.25 1333.50 1301.00 Nov 13 1276.25 1252.25 1286.75 1253.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13
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    • Article
      Lock icon LIFFE
      95 30 Jul 9 COCOA (£/tonne) Close Prev High Low Jul 13 1502 1484 1506 1484 Sep 13 1526 1508 1531 1509 Dec 13 1527 1508 1532 1509 Mar 14 1523 1504 1525 1504 COFFEE(US$/tonne) Close Prev High Low Jul 13 1839 1802 1866 1841 Sep 13 1859 1822 1882 1819
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      977 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Ratio Exer AlliedTech W*****2 Prem Disc Ascendas Reit MB ECW*****3 3.2 30 0.2 240 8 Asiatravel.com HoldingsW*****7 0.4 0.2 12 1 25 12 Asiatravel.com HoldingsW*****5 0.5 unch
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Jul 09 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.94 -0.03 WTI (Near Mth) 104.06 1.04 Dubai (1-Mth F) 102.69 0.03 Tapis blend 112.20 0.12 Minas 106.75 -0.88 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.72 0.78 Jet Kerosene 120.42 0.05 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Jul 10 S$ Bid Offer 1-month 1.2748 1.2753 2-months 1.2748 1.2755 3-months 1.2749 1.2756 6-months 1.2749 1.2758 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 30 Jul-09 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1745.50 1757.25 3 months 1790.00 1803.00 Copper, Grade A(US$/tonne) Cash 6725.50 6820.00 3 months 6730.00 6830.00 Lead(US$/tonne) Cash 2021.25 2054.50 3 months 2037.00 2071.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 30 Jul 10 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 10-Jan-14 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-15 100.09 5-Year N*****0T 0.5 01-Apr-18 97.81
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    • Article
      Lock icon PALM OIL
      57 30 Jul 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 13 2415.0 2390.0 2415.0 2415.0 1 629 Aug 13 2392.0 2382.0 2403.0 2375.0 3569 ***** Sep 13 2386.0 2377.0 2394.0 2370.0 ***** ***** Oct 13 2376.0 2369.0
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Jul 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.199 1.142 Can dollar 1.236 1.189 Euro 1.672 1.593 Sterling pound 1.935 1.861 NZ dollar 1.025 0.986 US dollar 1.305 1.243 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 30 Jul 10 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ 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 0.65 0.45 12
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  • PROPERTY
    • Article, Illustration
      Lock icon New Pasir Ris condo to be launched this weekend
      309 31  -  Prices at 99-year leasehold Vue 8 range from $900 to $1,200 psf By MINDY TAN VUE 8 Residence, the 99-year leasehold condominium in Pasir Ris Drive 3, will be launched for sale to the public on Saturday. The development, a project
      309 words
    • Article, Illustration
      Lock icon US apartment vacancies flat in Q2
      475 31 New supply growing even as rental demand is rising Bloomberg [NEW YORK] US apartment vacancies were unchanged in the second quarter, after three straight years of declines, as a wave of newly built units reached the market, according to Reis Inc. The national vacancy
      Bloomberg; PHOTO: AP  -  475 words
    • Article
      Lock icon Househunt
      492 31 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 23 WITH CONTRACT DATES BETWEEN JUNE 12 AND JUNE 18, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 12/06/2013 99 2045 6244 3053 District 2 NON-LANDED
      492 words
    • Article
      Lock icon Glimcher finds gold in malls with big Reit gains
      979 31 Bloomberg [CHICAGO] Michael Glimcher has made quite a comeback. His company, Glimcher Realty Trust, hit bottom in 2008 as it struggled under US$1.7 billion of debt. That April, Mr Glimcher called his employees into a conference centre for a pep talk,
      Bloomberg  -  979 words
    • Article, Illustration
      Lock icon Compact units a turning point in Roxy’s history
      799 32  -  Smaller units mean higher profit margins as well as lower risks due to faster sales By KALPANA RASHIWALA ENTERING the shoebox or compact-apartment market was a turning point in Roxy-Pacific’s history. Teo Hong Lim, the group’s executive chairman, traces the origins of
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    • Article
      Lock icon Sentiment over real estate dips further
      625 32  -  Sharpest fall in Q2 comes in the prime residential sector By MINDY TAN SENTIMENT in the real estate market continued to weaken in the second quarter. The composite sentiment index, indicating overall market sentiment, stood at 4.5 for the quarter, down from 4.8 in
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      Lock icon Loan curbs make homes 30% less affordable: Citi
      624 33  -  S’pore households register a sharp spike in debt levels, led by mortgages By SIOW LI SEN THE latest measures to ensure prudent borrowing have made residential properties less affordable for investors, said Citi in a recent report. Someone making a second purchase
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    • Article, Illustration
      Lock icon Stable year for industrial rents: Colliers
      510 33  -  By ONG CHOR HAO INDUSTRIAL rents are expected to stabilise for the rest of the year amid a fragile economic outlook and ample supply for tenants, Colliers International said. The property consultancy yesterday reported that rents were flat across all segments in the second
      Source: Colliers International Singapore Research  -  510 words
    • Article
      Lock icon Sydney heritage buildings put on sale
      183 33 Bloomberg [SYDNEY] Australia’s New South Wales state government will sell two of Sydney’s most significant heritage buildings in a second round of property sales as it works to return its budget to surplus. The three-story, sandstone Lands Department building, completed in 1892, is one
      Bloomberg  -  183 words
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