The Business Times, 19 July 2013

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Microfilm: NL32656
Total Pages: 37
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Friday, July 19, 2013
    25 words
  • Article, Illustration
    Lock icon Asia’s top banks could do more on governance
    777 1  -  Boards too large, lack separation of chairman and CEO roles, says report By MICHELLE QUAH [SINGAPORE] Only 10 per cent of Asia’s largest banks have an independent chairman on their boards; and, despite this, an even smaller proportion 5 per cent have
    Source: Corporate Governance of 50 Top Asian Banks report  -  777 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,218.20 (+9.87) GST INDEX FUTURES 3,212.00 (+10.00) GSIMSCI 365.34 (+1.68) GSIMSCI FUTURES 364.40 (+2.20) US$ S$ US$ (S$ per US$) 1.267 (US$/S$ per 1.517 1.921 EURO (US$/S$/€ 1.311 1.660 Foreign currency per US$ S$ YEN 100.20 79.10 RM 3.198 2.524 HK$ 7.758 6.125 BAHT 31.07 24.53 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,791.54 +2.88 NIKKEI 225 14,808.50 +193.46 HANG SENG 21,345.22 -26.65 SET INDEX 1,487.19 +29.11 JAKARTA COMP 4,720.44 +41.43 MANILA COMP 6,648.35 +73.63 SEOUL COMP 1,875.48 -12.01 SHENZHEN B 773.54 -0.49 MUMBAI IND 20,128.41 +179.68 12noon EDT Change DOW 15,572.82 +102.30 NASDAQ 3,617.59 +7.59
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.434 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • Article, Illustration
    Lock icon CFO to take over the helm at Keppel Corp
    719 1  -  By LYNN KAN [SINGAPORE] Keppel Corporation’s incoming head honcho will not be a shipyard man. Instead, the Singaporeheadquartered conglomerate will next be led by its current chief financial officer Loh Chin Hua, who has picked up over 25 years of real
    FILE PHOTO  -  719 words
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      145 1 PROPERTY Plum Chancery Hill site fetches $41m COMPANIES OUE H-Trust IPO priced at lower end of range PAGE 4 OPINION Economics: more religion than science PAGE 22 PAGE 24 WINE Marque of choice champagne PAGE 38 Leaps of faith EXECUTIVE LIFESTYLE I PAGE 33 *****1 *****4 GENEVE Creator of dreams
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      32 1 KepCorp’s Q2 profit shrinks 33.4% to $346.8m, Page 5 BT PROPERTY CLASSIFIEDS BT’s CATS property feature is now available to BTO subscribers. To subscribe to BT Property Classifieds, email cats8@sph.com.sg PAGES 24-26
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  • TOP STORIES
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      57 2 COMPANY NEWS, PAGE 9 FRONT PAGE SINGAPORE NEWS, PAGE 12 FRONT PAGE MALAYSIA/INDONESIA, PAGE 14 TOP STORIES, PAGE 2 GREATER CHINA/INDIA, PAGE 15 TOP STORIES, PAGE 4 WORLD NEWS, PAGE 17 COMPANY NEWS, PAGE 5 WORLD NEWS, PAGE 20 The best pure-play private bank in Asia. Bank EFG Asiamoney Private
      57 words
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      101 3 Breguet, the innovate Invention of the Tourbillon, 1801 With the Classique “Grande Complication” Tourbillon Messicfor wristwatch, Breguet reinvents its most spectacular invention, the tourbillon, designed to compensate for the effects of gravity. Held between two sapphire crystals, the tourbillon floats weightless inside its carriage, while the sapphire dial offers a
      101 words
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      137 4 The Power of Dreams i m Jif I m i THE ALL-NEW ACCORD. POWERED BY EARTH DREAMS. With cutting-edge technology, reliable performance, and ultimate refinement, the all-new Honda Accord has arrived in style. The new icon of luxury is set to inspire another generation. Welcome to a new level of
      137 words
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  • COMPANY NEWS
    • Article
      Lock icon Top S’pore yards to gain from China crunch
      532 5 Beijing to cut credit to industry plagued by overcapacity Reuters [SINGAPORE] Singapore’s Keppel Corp Ltd and Sembcorp Marine Ltd, the w o r l d s t o p o ff s h ore rig-makers, stand to be among the winners from
      Reuters  -  532 words
    • Article, Illustration
      Lock icon Willie Cheng new S’pore Institute of Directors’ chairman
      287 5  -  By JOYCE HOOI THE Singapore Institute of Directors (SID) now has a new chairman, following the retirement of its outgoing chairman, John Lim. Willie Cheng, previously the SID’s first vice-chair-man, has been appointed as Mr Lim’s replacement, the SID said yesterday. Mr
      287 words
    • Article, Illustration
      Lock icon KepCorp’s Q2 profit shrinks 33.4% to $346.8m
      609 5  -  Interim dividend of 20.8 cents a share comprising cash plus K-Reit units By LYNN KAN KEPPEL Corporation’s sec-ond-quarter net profit attributable to shareholders fell 33.4 per cent to $346.8 million from the year-ago period’s $520.9 million, which was boosted by sales of Reflections
      609 words
    • Article, Illustration
      Lock icon F&N gets final chance to restore float by Dec 31
      358 9  -  TCC unable to dispose of shares in unfavourable market conditions: F&N By KENNETH LIM FRASER and Neave (F&N) has received a final extension from the Singapore Exchange (SGX) to restore its public float by Dec 31 after the conglomerate’s major
      358 words
    • Article
      Lock icon Ezion gets US$82m LOI to provide service rig for 5 years
      398 9  -  By NELSON LEE EZION Holdings Limited announced yesterday that it has received a letter of intent (LOI), with a value of up to US$82.1 million over five years, to provide a service rig to a national oil firm in
      398 words
    • Article
      Lock icon MLT Q1 available DPU up 5.9%
      449 9  -  By MINDY TAN MAPLETREE Logistics Trust (MLT) posted improved results for the first quarter ended June 30, with available distribution per unit (DPU) rising 5.9 per cent to 1.80 cents from 1.70 cents a year ago. Amount distributable to unitholders increased by 6.9 per
      449 words
    • Article
      Lock icon CRCT’s DPU dips 1.2% in second quarter
      500 9  -  By MINDY TAN CAPITARETAIL China Trust (CRCT) posted a distribution per unit (DPU) of 2.38 cents for the second quarter ended June, a dip of 1.2 per cent year on year. This is despite distributable income rising 7.5 per cent to $17.9 million,
      500 words
    • Article, Illustration
      Lock icon Receivables financing: DBS ranked No 1 in Asia-Pac
      713 10  -  It pips StanChart, HSBC, JP Morgan in a poll conducted in 10 Asian economies By SIOW LI SEN DBS Bank has topped a customer poll in Asia-Pacific for receivables financing services. This is the first time an Asian bank has made it
      PHOTO: REUTERS  -  713 words
    • Article, Illustration
      Lock icon Changing Asia presents investment opportunities
      501 10  -  BlackRock sees good potential in equities, bonds in region By LIVIA YAP ASIA presents investment opportunities amid tides of change, BlackRock analysts said at an investment conference here yesterday. While BlackRock is cautious on the financial sector, it is still interested in “new economy” sectors
      501 words
    • Article
      Lock icon Suntory targets Del Monte Pacific on its acquisition trail
      859 10 Bloomberg [SYDNEY] Suntory Beverage Food Ltd’s plan to spend more on takeovers than any Japanese soft-drinks rival over the past decade has made a target of Del Monte Pacific Ltd. Following Asia’s biggest initial public offering of 2013, the maker of
      Bloomberg  -  859 words
    • Article
      Lock icon Oxley inks deal for expansion in China’s Anhui
      424 10  -  By CARINE LEE OXLEY Holdings is taking a 10 per cent stake in GD Capital Pte Ltd for 35.71 million yuan (S$7.3 million), with its eyes set on development projects in an economic and technical development zone in China’s Anhui province. The
      424 words
    • COMPANY BRIEFS
      • Article
        Lock icon GLP leases out space in Suzhou park
        73 10 GLOBAL Logistic Properties (GLP), the largest provider of modern logistics facilities in China, Japan and Brazil, said it has leased 24,000 sq m of space to one of the largest hypermarket operators in China, at GLP Park SND in Suzhou. This lease agreement
        73 words
      • Article
        Lock icon Hoe Leong associate wins Shell contracts
        100 10 HOE Leong Corporation has announced that its associate company, Semua Shipping Sdn Bhd, a major Malaysian oil tanker and transport logistics company, has been awarded two contracts from Shell Malaysia Trading Sdn Bhd. The charter contracts are for a period of three years for
        100 words
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      369 5 Morningstar Rating As at 30-06-13 Earning your confidence by uncovering hidden value in global investments. 0f£0 0 ais.amundi.com/sg Amundi International SICAV An all-weather investment solution for investors. Seeks to provide stable returns, with reduced risk of loss. Proven strategy with 34 years track record of success. 1 CONFIDENCE MUST BE
      369 words
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      1678 6 / 7 SUBSCRIBE NOW! Initial Public Offering closes 22 July 2013 12:OO NOON REAL ESTATE EXPOSURE TO ORCHARD ROAD THROUGHPARAGON, ONE OF SINGAPORE’S MOST ICONIC RETAIL MALLS AUNIQUE COMBINATIONWITH SUBURBAN RETAIL PROPERTY EXPOSURE THROUGH THE CLEMENTI MALL TOTAL PORTFOLIO VALUED AT OVER S$3.0 BILLION1 A RESILIENT PORTFOLIO 100% COMMITTED OCCUPANCY2 45 MILLION
      1,678 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Bernanke speech anti-climactic for STI
      586 8  -  Index initially gains 10 pts after small overnight Wall Street rise, then drifts throughout the session STOCKS R SIVANITHY Senior Correspondent SOMETIMES, when anticipation runs high ahead of an event widely seen as being hugely important, there is disappointment once it actually takes place and
      Source: Bloomberg  -  586 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 8 Jul 18 VALUE CLOSE BT OB/OS 274.00-145.00 BT CADI -*****.00 +10.00 BT 10-day MA -*****.00 +27.00 FTSE ST Mid Cap 761.86 +3.46 FTSE ST Small Cap 577.40 +0.26 FTSE ST All Share 788.71 +2.47 FTSE ST China Top 199.37 +0.75 FTSE ST China 228.36 -0.25 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      54 8 VOLUME HanKore 416,023,000 Albedo 413,741,000 M Devt 196,334,000 YHM 175,820,000 FreightLinks 151,593,000 Innopac 144,221,000 Equation 104,414,000 MDR 97,591,000 Albedo W*****9 87,397,000 Infinio 85,921,000 VALUE($) Thai Beverage 48,427,570 SingTel 48,321,450 Ascendasreit 36,293,448 Keppel Corp 34,581,330 DBS Grp 33,740,760 UOB 30,857,260 EzionHldg 29,986,860 HK Land 27,979,100 Noble Grp 26,918,835
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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 3 8 2 0 0 0 3 8 2 Manufacturing 58 38 48 7 10 9 65 48 57 Commerce 20 20 18 8 5 1 28 25 19 Tpt/Stor/Comms 13 14 11
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon CapitaCommercial Trust
        392 8 July 18 close: $1.475 DBS Group Research, July 18 CAPITACOMMERCIAL Trust (CCT) announced Q2 2013 gross revenue of $97.5 million (+1.8 per cent y-o-y), net property income (NPI) of about $75 million (-0.5 per cent) and distributable income of $59.6 million (+1.9 per cent). This translates into a
        Source: Bloomberg  -  392 words
      • Article
        Lock icon Keppel Land
        563 8  -  Compiled by KENNETH LIM July 18 close: $3.64 CIMB Research, July 17 KEPPEL Land’s (KepLand) Q2 2013 sales in China remained firm in terms of volume and pricing. Leasing at Marina Bay Financial Centre 3 (MBFC3) inched up to about 90 per cent, which we believe makes the
        563 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,185 17,185 49,866 49,866 Manufacturing 331,903 213,108 545,011 148,662 8,507 157,168 Commerce 117,538 460,742 578,280 91,730 11,025 102,755 Tpt/Stor/Comms 234,588 22,942 257,530 136,670 8,988 145,658 Finance 157,124 68 157,192 118,362 12 118,375 Construction 102,909 176,874
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 8 Stock name Close Change CapMallsAsia 1.920 +0.015 CapitaLand 3.150 -0.020 CapitaMall 2.000 +0.015 CityDev 10.820 -0.060 ComfortDelGro 1.940 +0.020 DBS Grp 16.590 +0.190 GLP 2.880 +0.030 Genting SP 1.355 +0.010 Golden Agri 0.545 HK Land 6.610 -0.080 HPH Trust US$ 0.760 -0.005 JMH 59.090 +0.740 JSH
      115 words
    • Article, Illustration
      Lock icon Yen slips to 7-week low against euro
      445 8 CURRENCIES Reuters [LONDON] The yen fell yesterday, dropping to a seven-week low against the euro, as hedge funds sold the currency before Japanese Upper House elections on Sunday that would strengthen Prime Minister Shinzo Abe’s position. Opinion polls show Mr Abe’s ruling bloc
      Reuters; PHOTO: BLOOMBERG  -  445 words
    • Article
      Lock icon RISES
      114 8 BY CENTS CLOSE UP DBXT MSAsExJp 10US$ 3181 121.6 3.1 JMH 5909 93.7 1.3 IS S&P500 ***** 50.7 0.2 DBXT MSTHAI 10US$ 2100 40.5 1.5 DBXT MSINDO 10us$ 1538 24.1 1.3 DBS Grp 1659 19.0 1.2 IS MS India 100S$D 761 13.0 1.7 OldChangK W*****6 56.5 12.0 27.0 EzionHldg
      114 words
    • Article
      Lock icon FALLS
      121 8 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 5369 -91.2 -1.3 GLD 10US$ ***** -58.3 -0.4 DBXT Nifty 10US$ ***** -55.7 -0.4 Jardine C&C 4045 -40.0 -1.0 DBXT MSTaiwan 10US$ 1890 -21.5 -0.9 Spore Land 903 -13.0 -1.4 DBXT FTVietnam 10US$ 2300 -12.7 -0.4 F&N 875 -11.0 -1.2 UOL 674
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      144 10 THE SOUND VISION SPECIALIST AV ONE 201 3 COLLECTIONS I Zikmu designed by Philippe Starck Now: $2,688 Black,White, Red Available Subsidiary Company One Living BESPOKE INTERIORS Design Renovation Construction For enquiries please call: KH 8323 8787 Angela 8612 8787 www.oneliving.com.sg Custom AV Room Feature Wall Design AV ONE TOTAL AUDIO
      144 words
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      403 11 Forbes r l FORBES GLOBAL CEO CONFERENCE Forbes Global CEO Conference TAKING THE LEAD September 3-5,2013 Bali, Indonesia Confirmed speakers* S' J. Steve Forbes Chairman Editor-in-Chief, Forbes Media, USA Muhamad Chatib Basri Minister of Finance, Republic of Indonesia, Chairman, Indonesia Investment Coordinating Board, Indonesia Dhanin Chearavanont Chairman CEO, Charoen Pokphand
      403 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Indonesian brokerage drops US$7m lawsuit
      497 12  -  In turn, defendants discontinue their defamation claims By GRACE LEONG AFTER just one day of trial, an Indonesian securities brokerage has dropped its lawsuit over the alleged misappropriation of US$7 million from its account with UOB Kay Hian in Singapore. PT Citi Pacific Securities, which
      497 words
    • Article, Illustration
      Lock icon Committee starts review of entrepreneurship
      756 12  -  It comprises diverse group; seeks public feedback to tackle challenges ahead By MALMINDERJIT SINGH A DIVERSE group of entrepreneurs has set out to gather public feedback on how to rejuvenate the entrepreneurship landscape in Singapore. The Entrepreneurship Review Committee (EnRC), as the group is called,
      756 words
    • Article
      Lock icon Parties, concerts and art shows lined up for F1 season
      351 12  -  Number of participating establishments this year up at over 50, says STB By NISHA RAMCHANDANI GLAMOUROUS parties, concerts and exhibitions are just some of the lifestyle and entertainment events scheduled around the Formula One (F1) Grand Prix when the 2013
      351 words
    • Article
      Lock icon Work with a local partner when doing business in India
      604 12  -  By MALMINDERJIT SINGH SINGAPORE companies looking to enter the Indian market should do so with a local partner as it may be risky for a foreign business to manouevre around the many challenges the country presents, warn business leaders. “The
      604 words
    • Article
      Lock icon Zaobao launches smartphone, iPad, tablet apps
      250 12 SINGAPORE Press Holdings’ 90-year-old flagship Chinese daily, Lianhe Zaobao, has made the transition to the world of smartphone apps, almost two decades after it launched its online edition. For $24.65 a month, iPhone and Android smartphone users will be able to access a PDF
      250 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon City Gas divests 49% stake in JV retailer
        73 12 CITY GAS, a unit of CitySpring Infrastructure Trust, yesterday announced that it will transfer a 49 per cent interest in joint venture City-OG Gas Energy Services from its 51 per cent stake to partner Osaka Gas for $39.2 million. City-OG Gas had
        73 words
      • Article
        Lock icon RBS appoints new chief for S’pore
        77 12 THE Royal Bank of Scotland (RBS) has appointed Rudi Geerdink as the country executive for Singapore. Formerly the CEO and country head of markets and international banking in Kazakhstan, Mr Geerdink will oversee the bank’s markets and international banking businesses in Singapore, grow the
        77 words
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      1183 13 n u f 7.36% HOSPITALITY TRUST ANNUALISED 2013 DISTRIBUTION YIELD (ASSUMING LISTING DATE OF 1 JULY 2013) 1 SUBSCRIBE NOW! PUBLIC OFFER OPENS ON 18 JULY 2013 AT 6.00 PM PUBLIC OFFER CLOSES ON 23 JULY 2013 AT 12.00 PM OUE Hospitality Trust ("OUE H-Trust") is a stapled group comprising
      1,183 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Malaysia runs into internal opposition against TPP
      521 14  -  Bumiputra groups fear levelling of playing field; others fear cost hikes By in PAULINE NG in Kuala Lumpur EVEN as Malaysia hosts the Trans-Pacific Partnership (TPP) negotiations, a debate is raging over the benefits of the pact with critics warning of possible “economic
      521 words
    • Article
      Lock icon Indonesia set to be No 2 wheat importer
      253 14 Reuters [JAKARTA] Rising inflation is pushing Indonesia close to displacing Brazil as the world’s No 2 importer of wheat. Many Indonesians are demanding cheaper wheat-based foods to save money to cope with rising costs.This uptick in demand from poorer consumers, in a
      Reuters  -  253 words
    • Article
      Lock icon Higher sales, forex gains boost Tenaga Q3 net
      241 14 [KUALA LUMPUR] Tenaga Nasional’s earnings surged 153 per cent to RM1.707 billion (S$674 million) in the third quarter ended May 31 from RM672.4 million a year ago boosted by higher sales of electricity and forex translation gains. The power giant said yesterday
      241 words
    • Article
      Lock icon Petronas in talks to sell stake in S African fuel retailer
      199 14 Bloomberg [KUALA LUMPUR] Petroliam Nasional, Malaysia’s state oil and gas company, has begun talks with potential buyers to sell a stake in Engen Petroleum, South Africa’s biggest fuel retailer. “Petronas is currently in preliminary discussion with interested parties and
      Bloomberg  -  199 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India’s effort to prop up rupee falls short
      655 15 Its US$2b bond sale to absorb liquidity accepted just over one-fifth of the bids Reuters [MUMBAI] The Indian central bank’s effort to support the rupee by sucking liquidity from the market through a US$2 billion bond sale fell short yesterday as it
      Reuters; PHOTO: AFP  -  655 words
    • Article
      Lock icon GlaxoSmithKline finance director barred from leaving China
      365 15 AP [BEIJING] Drug manufacturer GlaxoSmithKline, under investigation on suspicion its employees bribed Chinese doctors, said yesterday the finance director for its local unit has been barred from leaving China. The executive, Steve Nechelput, has not been questioned or arrested and is free to
      AP  -  365 words
    • Article
      Lock icon Top dim sum funds play defence before yields rise
      512 15 Bloomberg [HONG KONG] The bestperforming dim sum bond fund managers are favouring shorter-dated debt to avoid losses from the halt in yuan appreciation and planned paring of US monetary stimulus. “We are rather defensive now as we expect dim sum bond
      Bloomberg  -  512 words
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      13 15 fK:'SINGAPORE 6 SCOTTS SQUARE, SCOTTS ROAD #01-09 *****9 SINGAPORE-SG PH: 0065 *****354 KITON.IT
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Greek lawmakers approve fresh austerity
      721 16 Possible dismissal for 12,500 personnel, mostly teachers and municipal workers AP [ATHENS] Greece’s Parliament narrowly approved a new batch of austerity measures early yesterday, including thousands of public sector job cuts and transfers, demanded by the country’s creditors to keep vital bailout loans flowing. Lawmakers
      AP; PHOTO: REUTERS  -  721 words
    • Article
      Lock icon Norwegian banks seek out investors who look for safety
      616 16 Bloomberg [OSLO] Norwegian bankers are touting the world’s safest deposits in their chase for cash from companies, pension funds and international investors. Bankers in the Nordic country, which boasts the biggest budget surplus of any AAA-rated nation and has no net
      Bloomberg  -  616 words
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      221 16 These employers have found their ideal candidates through STJobs.sg Shouldn’t you, too? ST Jobs is no doubt a credible platform for job seekers. More importantly, it is a partner who is dynamic, responsive and has a team of committed staff. ST Jobs has definitely benefrtted us in terms of fulfilling
      221 words
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  • WORLD
    • Article, Illustration
      Lock icon Seoul's growth dilutes its weak yen complaints
      933 17 Economic growth and exports show there is little threat from yen’s drop Bloomberg [SEOUL] South Korea’s forecasts for faster growth and evidence of strength in sales from shipbuilders to carmakers are undercutting the nation’s warnings that neighbouring Japan’s weakening yen poses a threat
      Bloomberg; PHOTO: BLOOMBERG  -  933 words
    • Article
      Lock icon Japan industry sentiment less positive in July
      425 17 Domestic demand sluggish while China outlook dims Reuters [TOKYO] Japanese manufacturers’ mood slid in July for the first time in eight months after June had the best reading in more than two years, a Reuters poll showed, as China’s slowdown clouded the outlook
      Reuters  -  425 words
    • Article
      Lock icon Wall Street turns to fitness sessions to woo clients
      831 18 Pre-dawn and afternoon workout classes popular among bankers Bloomb erg [NEW YORK] Wall Street’s salesmen and dealmakers, whose expense accounts help fill downtown chophouses and box seats at ballparks, are now treating clients to a different kind of entertainment: high-end workouts.
      Bloomberg  -  831 words
    • Article, Illustration
      Lock icon Vote on Dell buyout offer postponed
      747 18 Michael Dell gets time till July 24 to garner support Reuters [NEW YORK] Dell has postponed a crucial vote on CEO Mi c h ae l D e ll s US$24.4 billion buyout offer to July 24, buying time to solicit more proxy votes
      Reuters; PHOTO: REUTERS  -  747 words
    • Article, Illustration
      Lock icon IBM tops earnings forecasts for Q2
      795 19 But revenue was weak, suggesting it’s struggling with new challenges NYT [NEW YORK] IBM on Wednesday reported sec-ond-quarter operating earnings that surpassed Wall Street’s expectations, providing some reassurance to investors after a stumble in the first quarter. But revenue was weak, down 3 per
      NYT; PHOTO: REUTERS  -  795 words
    • Article
      Lock icon China seen becoming top superpower: poll
      536 19 But survey shows US has a better image in most areas AFP [WASHINGTON] The world increasingly believes that China will become the top superpower but the United States enjoys a better image in most regions, according to a poll released yesterday. A 39-nation study
      AFP  -  536 words
    • Article
      Lock icon Myanmar may let foreign banks buy stakes in lenders
      591 20 Govt hopes financial input from abroad will come in and help rebuild the financial system Reuters AFP [YANGON] Myanmar’s government has signalled it could let foreign banks buy stakes in local lenders as it worries that resistance by domestic banks to
      Reuters; AFP  -  591 words
    • Article
      Lock icon Thai banks tighten lending amid slowdown
      506 20 Move comes as bad debts increase and exports decline Reu ters [BANGKOK] Thailand’s big banks are feeling the impact of the country’s economic slowdown and are tightening loan procedures amid a rise in bad debts, falling exports and lower-than-expected consumption. Top lender Bangkok Bank,
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    • Article
      Lock icon Revaluation lifts Q2 profit at Morgan Stanley to US$802m
      336 20 Reuters [NEW YORK] Morgan Stanley has reported a stronger-than-expected adjusted quarterly profit as revenue grew in all of its major businesses, particularly trading and underwriting. Net income attributable to common shareholders rose to US$802 million, or 41 US cents per share,
      Reuters  -  336 words
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      Lock icon Nokia falls on weaker than expected handset sales
      519 20 Re uters [HELSINKI] A disappointing set of quarterly sales figures for Nokia’s smartphones and basic models raised the pressure on its chief executive and took a bite out of the company’s share price yesterday. Investors are hoping that the Finnish company’s Lumia
      Reuters; PHOTO: REUTERS  -  519 words
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      Lock icon Ireland leads Portugal in race to exit crisis
      967 21 Yields on Irish notes hit month-low while those on Portuguese bonds jump Bloomberg [LONDON] Ireland is widening its lead over Portugal in the race to be the first of the five bailed-out members of the eurozone to end reliance on foreign aid.
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    • Article
      Lock icon EU official says troika has a role to play in debt crisis
      242 21 Reuters [BRUSSELS] Europe needs the combined expertise of the IMF, the European Central Bank and the European Commission in handling the eurozone debt crisis, the EU’s economics chief said yesterday, dismissing suggestions the “troika” should be disbanded. “The
      Reuters  -  242 words
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      186 17 i 9 9 J w- S H gorbon grill L i A 50 YEARS OF CULINARY EXCELLENCE SCi >v -+>' -SH 4M A DELICIOUS GOLDEN JUBILEE Gordon Grill, a stalwart of Singapore’s dining scene, is proud to celebrate its 50th Birthday on 30 July 2013! 50th Birthday Menus 3-Course Lunch
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      70 18 Whereveryouare What I write: Life column Sporting Think column Sports commentaries Every athlete has a tale to tell. Every failure has a painful reason. Every triumph has a sweaty cause. My job and my passion is to find these stories. Rohit Brijnath, Senior Correspondent, Sports Wherever you are, we’re there
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      1195 19 Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) Second Quarter 2013 Financial Statement Dividend Announcement 1. UNAUDITED RESULTS FOR SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2013 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the second
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      1606 20 WATO NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SAPHIRA ADVISORY INC. Company No. *****08 NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1)(b) of the BVI Business Companies Act, 2004 that Koh Eer Ling at 80 Raffles Place #44-01, Singapore *****4, has been appointed as the
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      19 20 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices WATS NOTICES CLA/FEB11/g
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      2802 21 beats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GEORGE STREET PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****5046H) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of George Street Pte Ltd duly convened and
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  • EDITORIAL & OPINION
    • Article
      Lock icon Time to revisit medical fee guidelines
      494 22 EDITORIAL THE recent judgement regarding overcharging by surgeon Susan Lim has stimulated much debate. The medical community appears to be divided. While the case appears to be an outlier in terms of the excessive fees, doctors are justifiably perplexed as to what exactly constitutes
      494 words
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      Lock icon Economics: more religion than science since 2008
      769 22  -  THE BOTTOM LINE MARK BUCHANAN The writer is a Bloomberg View columnist, a theoretical physicist and the author of ‘Forecast: What Physics, Meteorology and the Natural Sciences Can Teach Us About Economics’ Bloomberg IS economics a science or a religion? Its practitioners like
      Bloomberg  -  769 words
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      Lock icon High-tech impeding US ‘full employment’
      883 22  -  The spread of automated processes and robots is acting as a drag on job creation ROBERT SAMUELSON The Washington Post Writers Group HERE’S a sombre thought: America may never or at least not anytime soon –regain “full employment”, meaning an unemployment rate between, say, 4
      The Washington Post Writers Group; PHOTO: AFP  -  883 words
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      Lock icon Promising outlook for food security
      1084 23  -  Policymakers need to redouble efforts to reduce poverty by supporting sustainable, inclusive economic growth By LOUISE FRESCO The writer, a professor at the University of Amsterdam, was director of research and assistant director-general for agriculture at the United Nations Food and Agriculture Organization Project Syndicate
      Project Syndicate; PHOTO: REUTERS  -  1,084 words
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      Lock icon Accounting for a better working world
      797 23  -  By MAX LOH The writer is managing partner, Singapore and Asean, Ernst Young LLP CHANGE has always been a constant in the business world but the velocity and intensity that it has hit us with in recent times has been immense. The forces shaping
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  • PROPERTY
    • Article, Illustration
      Lock icon Plum Chancery Hill site fetches $41m
      320 24  -  Zoned for mixed landed houses, it’s bought by a boutique developer By KALPANA RASHIWALA [SINGAPORE] A choice freehold site on Chancery Hill Road has been sold for $41 million. The price works out to $1,391 per square foot (psf) based on the site’s land
      320 words
    • Article
      Lock icon China home prices still marching up
      530 24 Bloomberg [SHANGHAI] China’s June new home prices rose in all but one city, led by the biggest metropolitan centres and underscoring Premier Li Keqiang’s struggle to rein in speculative investment even as the economy cools. Prices climbed in 69 of the 70 cities the
      Bloomberg  -  530 words
    • Article
      Lock icon Asia is best destination for property investments
      215 24 Bloomberg [TOKYO] Cushman Wakefield Inc, the largest closely held commercial broker, said that Asia is the place to be for investment opportunities amid growing interest in the region’s property market. “Interest in real estate is absolutely as high as we have ever seen,”
      Bloomberg  -  215 words
    • Article, Illustration
      Lock icon Exhibition to celebrate a famous architect
      642 26  -  Richard Rogers, known for Lloyd’s Building and Madrid’s Barajas Airport, turns 80 By FARAH NAYERI Bloom berg [LONDON] Richard Rogers cheers as a bicycle-operat-ed espresso machine cranks out cups of quality brew. The Italian-born architect, who turns 80 next week, is opening his retrospective
      Bloomberg; PHOTO: KATSUHISA KIDA  -  642 words
    • Article
      Lock icon Kenya’s listed property developer plans 2 Reits
      383 26 Bloom berg [NAIROBI] Home Afrika Ltd, which became Kenya’s first publicly traded property developer this week, plans to create two real estate investment trusts to help boost expansion across sub-Saharan Africa. The company is consulting legal advisers about a development-Reit comprising as many
      Bloomberg  -  383 words
  • Page 24 Advertisements
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      595 24 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements WAT-3 D16 HOUSE FOR SALE JALAN ANGIN LAUT Freehold 3-Storey Inter-terr. 4bdrm +4-baths. Land 2115 sqft. $3M. Renovated $600K in 2010. Helen Tay 9386 1165 D16 HOUSE FOR SALE JALAN HAJI SALAM Freehold. Detached Land 4999 sqft. Original cond. Ideal for rebuild
      595 words
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      132 24 D01 APARTMENT FOR SALE MARINA BAY SUITES Openhouse weekend! Iconic 66 storey tower, full Bay view. To view our Luxurious Show Suites, Call Ken 8100 0404 D01 APARTMENT FOR SALE MARINA BAY SUITES Ultra Luxurious Penthse MBS. Magnificent bay/ IR/ sea view. 5+family+pool. Sherry 9735 3597 D03 APARTMENT FOR SALE
      132 words
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      287 25 D05 APARTMENT FOR SALE ONE NORTH RESIDENCES Beautiful 3bdrm. 1324 sf. Pool View! Vacant! Must view! Kyoko 8606 8540 D05 APARTMENT FOR SALE PARKWEST Blk 2 1249 sqft. 3bdrm Ask $1.2M Blk 10 1894 sqft. 3bdrm Ask $1.8M. Sell Vacant 100% move in. D09 APARTMENT FOR SALE ASPEN HEIGHTS Blk
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      179 25 D11 21 APARTMENT FOR SALE 18 SHELFORD Penthouse. 4 bedrooms. No bay window. Spacious. Peaceful. Near ACS/ Nanyang Primary. Beautifully renovated. Josh Wei 8399 7983 Savills D11 21 APARTMENT FOR SALE CUBE 8 2 rms. 904 sqft. Full facilities. CBD. Sky terraces. Unblocked. City view parks. $1.45M. Call Xiuru 8128
      179 words
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      309 25 D19 APARTMENT FOR SALE SUNGLADE 3+1, 1163sqft, Renovated, opposite NEX Shpg Mall/ Serangoon MRT. Full facilities. Karen 8138 2125 D19 APARTMENT FOR SALE THE TEMBUSU Near Kovan MRT. The Tembusu. D.09 quality D.19 price! 337 units devt. F’hold. Beautiful facilities. 3-bdrm dual-key. Call Sharon Lim 9155 1654 D20 APARTMENT FOR
      309 words
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      188 25 D11 21 HOUSE FOR RENT DUNEARN ROAD Dunearn Road. Rebuilt. 6500/ 9500 sqft. 4 levels, with pool. Opposite MRT, Botanic Gardens. Call 9863 5635/ 9727 2996 Owner D11 21 HOUSE FOR RENT GENTLE VILLAS 3-sty semi-d 2900 sf. 5+ maid. Near Novena MRT. Open Hse 20, 21 July 2-6pm Redzuan
      188 words
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      164 25 D16 HOUSE FOR RENT GUAN SOON 3 Storey Corner Terrace Guan Soon (near Airport/ Simei/ Expo/ Beach) 4+1 (ensuite). Park 3 cars. New renovation. $5.8K. Lily Lim 9671 3228 D19 HOUSE FOR RENT HYTHE ROAD Hythe Road. Beautiful house. 4 spacious bedroom maid study. French school/ Chomp Chomp food centre.
      164 words
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      154 26 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D15 APARTMENT FOR RENT OCEAN PARK Spacious 3+1, 2100 sf. Furn. F/reno. Move in condition. F/ facilities. Immed. Aziz 9830 1190 D16 APARTMENT FOR RENT VENEZIO Venezio East Coast. 3+1 room, 1088 sqft. Changi Business Park Expo Tanah Merah MRT. F/furn. Cosy.
      154 words
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      Lock icon Page 26 Advertisements Column 2
      157 26 D09 RESTAURANT FOR SALE LUCKY PLAZA Rare! 1970 sqft. Freehold. Lucky Plaza. Best frontage. MRT, Orchard Road. Tourist belt area. Capital gain. Paul Lim 9791 9900 ERA D01 SHOP FOR RENT SOUTH BRIDGE ROAD Ground floor. Main road shop, wide frontage. 1300 sqft. Avail immediate. $6.7K. Chris 9007 2722 D02
      157 words
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      141 26 D14 FACTORY FOR RENT PAYA LEBAR 9,000/ 80,000 sqft. 15kn high power. Ceiling Height: 5 or 6 metres. Minutes walk to MRT. Good location. Dominic 9825 2101 9112 2063 Savills D14 OFFICE FOR RENT UBI CRESCENT Ubi vicinity. Fully fitted designer decor Office cum Warehouse. Walking distance to MRT. Call
      141 words
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      Lock icon Page 26 Advertisements Column 4
      275 26 FOREIGN PROPERTY FOR SALE BRISBANE IN AUSTRALIA Best of Brisbane, The Pavilion, 1 bedroom. Guaranteed 2 years rental. 624 sqft. A$345k up. Pattsy Lee C&H 8125 4013 FOREIGN PROPERTY FOR SALE D’PRISTINE Over RM25K saving! Opposite Legoland. 1 bedroom. RM4xxK. D’ Pristine. Singaporean eligible. www.sgrealestatehub.com FOREIGN PROPERTY FOR SALE HOTEL
      275 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Boeing 787 unlikely to be grounded after Heathrow fire
      566 27 European safety agency says probe has not revealed any unsafe condition Bloomberg [LONDON] Boeing Co’s 787 Dreamliner jets, grounded this year when batteries overheated, face no immediate threat of being parked again after an onboard fire at London’s Heathrow airport, the
      Bloomberg; PHOTO: AP  -  566 words
    • Article, Illustration
      Lock icon US aviation chief defends NextGen progress
      432 27 Reuters [WASHINGTON] The head of the US Federal Aviation Administration (FAA) on Wednesday defended the “NextGen” programme to modernise flight control systems, telling a government subcommittee that the effort has made progress despite delays and is “designed to be flexible”. “Overall, NextGen is on
      Reuters; PHOTO: AFP  -  432 words
    • Article
      Lock icon TRANSPORT STOCKS
      233 27 SGX '000 Jul 18 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.25 unch 171 Cosco Corp 0.74 0.01 1446 Ezra Hldgs 0.90 0.01 6504 First Ship Lea unch unch 0 Freight Links 0.10 0.01 *****3 Grand Banks............unch unch 0 Jaya Hold Ltd Cosco Corp K1Ventures 0.17 unch
      233 words
    • Article
      Lock icon Pyongyang protests ship impoundment
      682 27 It says the load of Cuban weapons is legal; demands release of vessel and crew NYT [MEXICO] North Korea broke four days of silence yesterday over a rusty North Korean freighter impounded by Panama for concealing a load of Cuban weapons, insisting that they were transported
      NYT  -  682 words
    • Article
      Lock icon Pirates raid chemical tanker off Togo
      266 27 Reuters [ABUJA] Pirates robbed a chemical tanker off the coast of Togo this week, a maritime agency and a security source said yesterday, the latest attack in increasingly dangerous West African waters. Gunmen in speedboats boarded the Marshall Islands-flagged MT Ocean Centurion on Tuesday,
      Reuters  -  266 words
    • Article
      Lock icon Asiana told to beef up safety before crash
      630 27 Airline was assessed by S Korean govt in Feb-April period Bloomberg [SINGAPORE] Two months before the fatal crash of Asiana Airlines jet in San Francisco, the South Korean government asked the carrier to improve pilot training and strengthen safety measures, a transport
      Bloomberg  -  630 words
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      36 27 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY PRATA PARADISE So many varieties here that you are spoilt for choice WIN SILKAIR TICKETS TO KOTA KINABALU GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      36 words
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      466 28 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) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M VESSEL VOY SIN NOU SUVA BUS MOTHER VESSEL
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      Lock icon Page 28 Advertisements Column 2
      444 28 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 Gulf, Bengal, Red Sea, Australia,
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      Lock icon Page 28 Advertisements Column 3
      511 28 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 TAMPA CF321 01/07 06/07 10/07 15/07 22/07 ENDURANCE FF329 18/07 22/07 24/07 26/07 31/07 07/08 TAMERLANE FF333 10/08 14/08 17/08 19/08 24/08
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      1085 29 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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      205 29 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA 1 09/13 23/07 25/07 BELITUNG/PKL BALAM SIANIRI 10/13 22/07 24/07 JAMBI/PEKAN BARU FAJAR MAS 07/13 20/07 22/07 PALEMBANG/PANJANG SINOPA 12/13 22/07 24/07 BENGKULU/PADANG SRI JAYA 8 08/13 IN PORT 21/07 BELAWAN/LHOKSEUMAWE CARAKA JN332 06/13 24/07 26/07
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3186 30 Transaction date: Jul 18 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 10.4 7 AEM --AAT M Cap 188 106 AIMSAMPIReit 164 unch 746 165 164 163.5
      3,186 words
    • Article
      Lock icon SGX CATALIST
      239 31 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 C000) High Low Buyer Seller C’vr P/E Smil +0.8
      239 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11173 31 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fung Cl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** 0.9957/ China Opportunities 2 823 FM local Ccy Bond .0 9406/ European Opportunities!" 1.1913/ Global Emerging Markets!" Global Opportunities/" China Opportunities USD!**
      11,173 words
    • Article
      Lock icon GLOBALQUOTE
      249 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 31 Genting HK US$ US43.5 unch 3109 44 43 43 43.5 2864.3 Sale 260 191 TanChongInt HK220 -2 393 227 220 220 226 4.3 3.2
      249 words
    • Article
      Lock icon SGX ETF
      910 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Last 143 120.4 CIMB APAC Div 100S$D 127.7 135.1 136 114.4 99 CIMB APAC Div 100US$ US99.2 106.9 107.8 10.4
      910 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      634 32 Jul 18 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.25 *****.73 *****.25 Sep13 *****.00 *****.00 *****.00 *****.00 ***** *****9 Dec13 *****.00 11 ***** MSCI TAIWAN INDEX FUTURES SPOT 292.54 293.55 290.38 Jul13 292.30 294.50 290.00 290.30 ***** *****0 Aug13 290.50 291.90 287.90 288.00
      634 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 32 In local curr In S$ In US$ dy yr dy yr dy yr Jul 17 Index Change Change Change Change Change Change World Preliminary 1083.5 0.3 15.5 0.4 16.0 0.2 12.3 EAFE Preliminary 884.4 0.2 14.2 0.2 11.0 0.1 7.4 Europe Preliminary 1244.2 0.3 8.5
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 32 Jul 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.955 5.623 0.699 7.104 54.605 92.129 0.918 10.314 2.928 1.164 92.281 39.762 1.160 9.021 0.864 27.488 28.454 0.604 0.916 Canada 1.047 5.885
      471 words
    • Article
      Lock icon SIBOR
      65 32 Jul 18 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 9 mths 9 mths 0.***** 12 mths 0.***** SWAP
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    • Article
      Lock icon PRECIOUS METALS
      138 32 Jul 18 PRECIOUS METALS GOLD(US$/oz) Jul 18 Jul 17 Hong Kong 1286.50 1297.40 Jul 17 Jul 16 London 1282.91 1291.40 1283.68 1292.15 Source: Thomson Reuters CAST BAR Jul 18 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 117 52 5gm 331 259 10gm
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 32 Jul 18 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*****W 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-15 100.07 5-Year N*****0T 0.5 01-Apr-18 98.5
      90 words
    • Article
      Lock icon PALM OIL
      57 32 Jul 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 13 2292.0 2277.0 2341.0 2292.0 1230 6922 Sep 13 2264.0 2266.0 2309.0 2264.0 ***** ***** Oct 13 2249.0 2250.0 2294.0 2248.0 ***** ***** Nov 13 2245.0 2245.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 32 Jul 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1596 1.1603 0.9156 0.9160 Canadian dollar 1.2136 1.2144 0.9587 0.9582 Euro 1.6597 1.6603 1.3105 1.3107 NZ dollar 0.9962 0.9965 0.7866 0.7867 Sterling pound 1.9206 1.9215 1.5165 1.5169
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 32 Jul 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 13 1477.50 1475.25 1482.00 1464.25 Sep 13 1329.25 1335.50 1340.00 1323.25 Nov 13 1283.50 1286.25 1293.00 1275.25 Jan 14 1288.50 1291.25 1295.75 1280.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 13
      109 words
    • Article
      Lock icon LIFFE
      95 32 Jul 17 COCOA (£/tonne) Close Prev High Low Sep 13 1585 1582 1600 1582 Dec 13 1572 1574 1588 1571 Mar 14 1558 1561 1574 1557 May 14 1560 1563 1576 1559 COFFEE(US$/tonne) Close Prev High Low Jul 13 1945 1926 1974 1954 Sep 13 1950 1946 1979 1940
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1053 32 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 0.4 1 123 1256 22.75 10 Conv Ratio Albedo Limited W*****9 Price AlliedTech W*****2 Disc Ascendas Reit MB ECW*****3 3.2 0.2 240 8 Asiatravel.com HoldingsW*****7 0.4 1 25
      1,053 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 32 CRUDE OIL PRODUCTS Jul 17 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.64 0.41 WTI (Near Mth) 106.41 0.52 Dubai (1-Mth F) 103.52 -0.91 Tapis blend 114.00 -0.65 Minas 107.80 -1.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.06 -1.94 Jet Kerosene 122.18 -0.35 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      24 32 Jul 18 S$ Bid Offer 1-month 1.2665 1.2667 2-months 1.2664 1.2668 3-months 1.2664 1.2668 6-months 1.2665 1.2671 Source: OCBC Source: OCBC
      24 words
    • Article
      Lock icon LONDON METALS
      65 32 Jul-17 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1758.50 1770.25 3 months 1803.50 1815.00 Copper, Grade A(US$/tonne) Cash 6869.75 6981.50 3 months 6890.00 6998.00 Lead(US$/tonne) Cash 2016.00 2061.75 3 months 2030.00 2075.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 32 As at 9am Jul 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.190 1.134 Can dollar 1.234 1.187 Euro 1.691 1.611 Sterling pound 1.953 1.878 NZ dollar 1.020 0.981 US dollar 1.286 1.225 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 32 Jul 18 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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
      157 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon Leaps of faith
      1924 33  -  Unlike drama, music and visual arts, dance especially contemporary dance is a tough niche to grow in Singapore. Apart from the Singapore Dance Theatre, there is a dearth of professional companies offering gainful employment to the serious performer. In fact, one dance company was compelled to fold
      FILE PHOTO; PHOTO: TAN NGIAP HENG; PHOTO: CHENG BALLET ACADEMY  -  1,924 words
    • CINEMA
      • Article, Illustration
        Lock icon Hard-as-nail hero shows soft side
        633 34  -  Jason Statham attempts a nuanced role as a returning war veteran amid the requisite bashing and car-crashing, reviewsGEOFFREY GEOFFREY EU REDEMPTION a social realist drama posing as a hard-edged crime thriller, is the latest in a trio of gritty movies about London’s seamier side by
        PHOTO: GV  -  633 words
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        Lock icon Noir outing lacks punch
        490 34  -  By DYLAN TAN IF IT wasn’t for the mesmerising cinematography and solid acting from the ensemble English cast, writer-director Eran Creevy’s ul-tra-stylish cop thriller Welcome to the Punch would have just been a forgettable run-of-the-mill genre film. But there’s something about the way he’s captured London
        PHOTOS: SHAW  -  490 words
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        Lock icon Knight’s undiluted vision
        927 34  -  By GEOFFREY EU AS SEEN through the eyes of Steven Knight, London is a dark, damp, dreary and if you happen to be a homeless person living in a cardboard box in one of its seedy alleyways extremely scary place. This is not, of course, the same
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    • MUSIC
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        Lock icon Spotify gets serious in Singapore
        652 35  -  It’s been a heady week for Spotify but the world’s biggest music streaming service provider shows it means business with a new regional office here, reports DYLAN DYLAN TAN LOVE it or hate it, Spotify has been making the news all week for the right
        PHOTOS: SPOTIFY, AP, FILE  -  652 words
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        Lock icon Master of jazz going strong at 73
        460 35  -  By SARAH YIM THERE’S a good reason local jazz legend Louis Soliano is naming his upcoming show Never Givin' Up simply because he has no intention to, even after five decades in the business. Reflecting on his endless hunger to perform and the
        PHOTO: JOHN BT GERALD TAN  -  460 words
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        Lock icon Proving a point by going solo – finally
        802 35  - Proving a point by going solo finally By NATALIE KOH IT has been more than 20 years since singer-songwriter Kevin Mathews entered the music scene with Watchmen. Since then, he has produced four albums and three EPs with various bands, been a mentor for several music programmes, served as a
        PHOTO: CASSANDRA GOH  -  802 words
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        Lock icon A tale of temper, genocide and sacrifice
        493 35 HAVING a short temper will probably just kill your social life unless you’re a tragic hero, in which case it’s practically suicidal. Shakespeare has his Othello, Sophocles has his Oedipus, and Emily Bronte has her Heathcliff. As for Hokkien opera, we’ve got Xue
        PHOTO: BEDOK COMMUNITY CENTRE  -  493 words
    • ARTS
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        Lock icon Unearthing forgotten Singapore histories
        599 36  -  In The Curve Of The Wanton Sea explores the history of the Malays in Singapore before Raffles set foot here, writes HELMI YUSOF ACCLAIMED artist Choy Ka Fai has always been fascinated with the submerged or suppressed histories of Singapore that don’t appear in school textbooks.
        PHOTOS: ESPLANADE  -  599 words
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        Lock icon Cut and thrust of gender dynamics
        449 36  -  By HELMI YUSOF ON page, The Optic Trilogy is one of the easiest and most pleasurable plays to read in Alfian Sa’at’s oeuvre. It is a lyrical, elegant and droll study of sexual power between the genders based on the laws of attraction and
        PHOTOS: WILD RICE  -  449 words
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        Lock icon Early trick-or-treat with Addams Family
        367 36  -  By HELMI YUSOF FOR an early Halloween, catch the ghoulish goofballs better known as the Addams Family as they make their musical debut at the Resorts World Sentosa’s Festive Grand Theatre. Ooky and spooky, the family of six weirdos makes the macabre look mirthful, and
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        Lock icon Phantom takes centre stage
        763 37  -  Show’s assistant director tells NATALIE KOH its quality is way up there with West End and Broadway NATALIE KOH NO matter which city the touring production of The Phantom of the Opera goes to, assistant director Rainer Fried is always asked the same question: “How does
        PHOTO: THE PHANTOM OF THE OPERA  -  763 words
      • Around Town
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          Lock icon Dance
          149 37 Ballet Under the Stars:Twenty-five years on, Singapore’s professional repertory dance company now gives equal weightage to classical and contemporary dance. Check out Singapore Dance Theatre’s moves this weekend and next, as it performs both genres at the popular Ballet Under the Stars. Contemporary Performances showcases works focused on visual
          PHOTO: NICOLETHEN STUDIO  -  149 words
        • Article
          Lock icon Stage
          67 37 Cooling-Off Day: If you missed both runs of Cooling-Off Day, a documentary play which captured the excitement surrounding the 2011 General Elections in Singapore, here’s your last chance to catch it. Stars Neo Swee Lin, Jo Kukathas, Janice Koh, Rodney Oliviero, Najib Soiman, and Peter Saw. The final performance
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          Lock icon Film
          202 37 Springsteen I: Produced by Ridley Scott, this film features never seen before archive footage of Springsteen’s performances throughout his career. In addition, it will include reflections from fans on their own personal insights, and experiences with his incredible music. Dubbed as a film for the people, by the people,
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          Lock icon Art
          165 37 The Mystery of Picasso’s Creative Process The Art of Printmaking: Five collections of prints by the 20th century pioneer of Cubism, Pablo Picasso spanning a range of 20 years and revealing the more intimate side of Picasso and his practice in print mediums are on display at a special
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      • Article, Illustration
        Lock icon Celebrating local musical theatre
        822 37  -  By MOVE SARAH YAP MOVE over, Broadway. At this upcoming concert by the Singapore Wind Symphony (SWS), showtunes written by local composers such as Dick Lee and Liang Wern Fook will take centre stage. While the mention of showtunes would typically call to mind songs from
        PHOTOS: THE ESPLANADE  -  822 words
    • PURSUITS
      • Article, Illustration
        Lock icon Marque of choice champagne
        1187 38  -  Krug Champagne, which is tops in its class, credits consistency as key to its success, writesNK NK YONG THE highlight of the week was a Krug Champagne dinner with our guest Olivier Krug, where the latest releases were served with dishes that included slow-cooked guinea fowl
        PHOTO: NK YONG  -  1,187 words
      • Article, Illustration
        Lock icon Prima launches upmarket bakery
        368 38  -  By SARAH YIM iBAKE your own dough this is what Prima Bakery is doing to entice the public as it enters the arena of high-end breadmaking in Singapore. Prima’s upscale bakery at The Star Vista shopping mall, called iBake, claims to be the first home-grown full-service
        PHOTO: PRIMA  -  368 words
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      108 33 The Saturday matinee and night performances are sold out for Bedfellows, starting tonight and which runs until Sunday, July 21. Tickets for tonight’s 8pm and Sun's 3pm performances are still available at press time. New Vision is from Sept 13-15 Optical Appetite is a one-night-only performance on Aug 28, starting
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      11 33 MUSIC Music streaming service Spotify gets serious about Singapore PAGE 35
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      21 35 Never Givin' Up by Louis Soliano takes place at the Esplanade Recital Studio on July 26 at 9.30pm. Tickets at $25
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      44 35 Xue Gang The Fire of Youth runs for one night only on Aug 6 (Tues) at the Kallang Theatre, 1 Stadium Walk. Tickets available at $22, $38, $58, $72 and $98 from Bedok Community Centre, 850 New Upper Changi Road, or call 9133 9683
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      40 36 In The Curve Of The Wanton Sea, a collaboration of the Seven-headed Dragon, plays a t the Esplanade Thea tre Studios from July 25 to 27 at 8pm, with a 3pm show on July 27. Tickets at $25 from Sistic.
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      87 36 The Optic Trilogy plays at Lasalle College of the Arts till tomorrow. All tickets to all plays at Wild Rice's Alfian Sa'at In The Spotlight festival are sold out, but there is still a free performance of Cooling-Off Day Reloaded tomorrow night at 10.30pm. Go to wildrice.com.sg for details The
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  • Page 36 Miscellaneous
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      299 36 CRYPTIC CROSSWORD Across 1 Black stuff covering bishop’s pen (6) 4 Breakfast food cooler? (8) 8 Scientist on holiday entering wine store (6) 9 Having recently become member of a union (5-3) 10 Men of letters, burning with irate rambling (8) 11 Could be worse, ringing about legal document (6)
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      51 37 L-'aul Aizpiri Collection of Masterpieces L Top French Artist ft I 1 ';>L I i i > r~ Ci o I e 0, i i. w -1 u e i n cu ra %> IMikei FINE ART Raffles Hotel Arcade 328 North Bridge Road #01-34 Singapore *****9 Contact: +65 6338
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      83 37 ‘The Phantom of the Opera’ runs until Sept 1 at The MasterCard Theatre at Marina Bay Sands. Tickets cost $55, $95, $125, $145, $165 $230, available at the Marina Bay Sands Box Offices, via phone at +65 6688 8826, or through www.MarinaBaySands.com/Ticketing. Tickets for the eight additional shows will go
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      831 38 iBake is located at The Star Vista, 1 Vista Exchange Green, #02-28, Singapore *****7. Opening from 10am to 10pm, Mondays to Saturdays, and 8am to 10pm on Sundays ZEISS Progressive Individuals A clear vision to succeed In the first of a threepart series on ZEISS Progressive Individuals, the COO of
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