The Business Times, 26 July 2013
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2013-07-26
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The Business Times
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Title Section25 2013-07-26 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Friday, July 26, 201325 words
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Article, Illustration767 2013-07-26 1 LEE U-WEN - Las Vegas Sands group eyes IRs in South Korea and Japan by showcasing its project in Singapore By LEE U-WEN [SINGAPORE] If the top brass at Las Vegas Sands (LVS) had their way, they would expand their Asian footprint further by openingFILE PHOTO - 767 words
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MARKETS DIGEST
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Article65 2013-07-26 1 HST INDEX 3,235.68 (-39.08) HST INDEX FUTURES 3,235.00 (-36.00) HSIMSCI 369.21 (-4.04) HSIMSCI FUTURES 368.70 (-4.70) US$ S$ US$ (S$ per US$) 1.267 (US$/S$ per 1.538 1.948 EURO (US$/S$/€ 1.323 1.676 Foreign currency per US$ S$ YEN 100.00 78.90 RM 3.198 2.524 HK$ 7.757 6.123 BAHT 31.06 24.51 RUPIAH65 words
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Article48 2013-07-26 1 Thursday Change KL COMP 1,808.42 -1.58 NIKKEI 225 14,562.93 -168.35 HANG SENG 21,900.96 -67.97 SET INDEX 1,456.68 -44.68 JAKARTA COMP 4,674.12 -43.99 MANILA COMP 6,800.11 -4.05 SEOUL COMP 1,909.61 -2.47 SHENZHEN B 774.93 +1.12 MUMBAI IND 19,804.76 -285.92 12noon EDT Change DOW 15,473.07 -69.17 NASDAQ 3,584.11 +4.5148 words
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Article20 2013-07-26 1 SINGAPORE MALAYSIA MALAYSIA 5.38 6.55 5.00 INDONESIA 13.140 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg20 words
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906 2013-07-26 1 KALPANA RASHIWALA - By KALPANA RASHIWALA [SINGAPORE] In a candid assessment of the Singapore residential property market, CapitaLand yesterday warned of headwinds in the near term. Following the introduction of a 60 per cent cap on total debt servicing ratio that financial institutions must apply906 words
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Advertisement130 2013-07-26 1 COMPANIES SIA profit surges 56% in Q1 PAGE 4 PROPERTY Exec condo market could heat up inadvertently PAGE 3 MICE CORPORATE TRAVEL A 5-page special feature PAGES 27-31 EXECUTIVE LIFESTYLE Zany sports PAGE 37 Highrollers getting luckier at MBS, Page 2 BT PROPERTY CLASSIFIEDS BT’s CATS property feature is now130 words
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TOP STORIES
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Article, Illustration500 2013-07-26 2 S JAYASANKARAN - Two countries will also cooperate in finance, security in Malacca Straits By S JAYASANKARAN in Kuala Lumpur JAPAN’S Prime Minister Shinzo Abe yesterday offered Malaysia the technology to build a high-speed railway proposed to connect Kuala Lumpur and Singapore as one ofPHOTO: AFP - 500 words
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THREE-MINUTE DIGEST
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73 2013-07-26 2 IF the top brass at Las Vegas Sands had their way, they would expand their Asian footprint further by opening more integrated resorts, with one of their top choices being South Korea. And George Tanasijevich, LVS managing director of global development, sees73 words
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56 2013-07-26 2 IN a candid assessment of the Singapore residential property market, CapitaLand yesterday warned of headwinds in the near term. It said that “prices and sales volume are expected to moderate as the cumulative impact of the various property measures continue to be56 words
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54 2013-07-26 2 JAPAN’S Prime Minister Shinzo Abe yesterday offered Malaysia the technology to build a high-speed railway proposed to connect Kuala Lumpur and Singapore as one of the planks in his second official visit to South-east Asia since becoming leader of the world’s third-largest54 words
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39 2013-07-26 2 A COCKTAIL of runaway private property prices, a new government policy and supply issues could inadvertently lead to a hotting up of the executive condominium market, says property agency SLP International.39 words
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43 2013-07-26 2 LIFTED by non-operating gains from the sale of aircraft and exceptional items, Singapore Airlines yesterday reported a fiscal first-quarter group net profit of $121.8 million, up 56 per cent from $78 million a year ago.43 words
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42 2013-07-26 2 A MALAYSIAN engineer who was found guilty of causing a massive blackout at the Marina Bay Sands casino in 2010, succeeded in getting his jail term set aside and a fine reduced.42 words
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53 2013-07-26 2 DESPITE many deeming its initial public offering valuation as lofty at the time, International Healthcare Holdings has gained a hefty 48 per cent since its debut a year ago. IHH has added about RM34 billion to the market capitalisation of the53 words
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43 2013-07-26 2 FACEBOOK chief executive officer Mark Zuckerberg’s decision last year to bet big on mobile software is paying off, with sales of ads on wireless devices now on track to surpass revenue from desktop computers.43 words
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44 2013-07-26 2 BRITAIN’S Rolls-Royce Holdings posted a net loss of £358 million (S$695 million) for the first half of 2013, against a net profit of £1.2 billion a year ago, on the back of sharply higher financing costs.44 words
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Article, Illustration595 2013-07-26 2 TEH SHI NING - Deutsche Bank exec laments lack of structural changes By TEH SHI NING [SINGAPORE] The criticism of banks following the global financial crisis and recent scandals relating to the rigging of benchmark interest rates has gone beyond what is justified, said David Folkerts-Landau,595 words
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Article, Illustration642 2013-07-26 2 GRACE LEONG - By GRACE LEONG [SINGAPORE] Lady Luck has been smiling on highrollers more than on Marina Bay Sands (MBS) for at least three straight quarters an observation made by analysts at Las Vegas Sands (LVS) Corp’s sec-ond-quarter earnings call yesterday. An unexpectedly low642 words
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Article50 2013-07-26 2 In “CPIB assistant director charged with corruption” (BT, July 25), we gave a wrong headline. The Attor-ney-General’s Chambers has pointed out that the accused was charged with criminal breach of trust, forgery and using the proceeds of his crimes to gamble not corruption. We are sorry for the error.50 words
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616 2013-07-26 3 ONG CHOR HAO - ‘Unintended effects’ from 3 main areas could ignite demand for that market By ONG CHOR HAO [SINGAPORE] A cocktail of runaway private property prices, a new government policy and supply issues could inadvertently lead to a heating up of the executive616 words
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327 2013-07-26 3 NELSON LEE - By NELSON LEE [SINGAPORE] French hospitality group Accor is looking to hire at least 1,350 people in Singapore as part of its plans to boost headcount by more than 30,000 in the Asia-Pa-cific region. This includes the more-than-300 staff that would be needed at327 words
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492 2013-07-26 3 Reuters [JINAN] China yesterday charged disgraced former senior politician Bo Xilai with bribery, abuse of power and corruption, paving the way for a potentially divisive trial that President Xi Jinping will want smoothly handled as he pushes major economic reforms. Bo, 64, could appearReuters - 492 words
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Page 2 Advertisements
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Advertisement29 2013-07-26 2 ii’h'J $5 Million National Day Draw Fri, 2 Aug 2013,9.30pm Visit www.singaporepools.com.sg for details. Ip Y(i> Always play with care, [responsibly] Do not bet illegally. RGB Reg No: *****0202G29 words
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Advertisement36 2013-07-26 2 COMPANY NEWS, PAGE 4 FRONT PAGE SINGAPORE NEWS, PAGE 8 FRONT PAGE MALAYSIA, PAGE 10 TOP STORIES, PAGE 2 WORLD, PAGE 14 TOP STORIES, PAGE 3 AVIATION/SHIPPING, PAGE 26 The best pure-play private bank in Asia.36 words
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Advertisement23 2013-07-26 3 SPRINGLEAF MRT STATION UPCOMING THOMSON MRT LINE LENTOR MRT STATION YIO CHU KANG MRT STATION MAYFLOWER MRT STATION ANG MO KIO MRT STATION23 words
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COMPANY NEWS
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Article, Illustration696 2013-07-26 4 NISHA RAMCHANDANI - Sale of VA stake yielded $335.8m but $317.4m impairment costs reduced gain Reports by NISHA RAMCHANDANI LIFTED by non-operating gains from the sale of aircraft and exceptional items, Singapore Airlines (SIA) reported a fiscal first-quarter group net profit of $121.8 million, upPHOTO: AFP - 696 words
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226 2013-07-26 4 SINGAPORE Airlines (SIA) will be closing a pilot training facility in Maroochydore, Queensland from end March next year. The airline said that the decision, which came after a detailed review, was due to changes in SIA’s pilot training curriculum, with more training226 words
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393 2013-07-26 4 JOYCE HOOI - By JOYCE HOOI A GROUP-LEVEL cost savings drive and higher contributions from associates and joint ventures boosted SATS Ltd’s first-quarter net profit by 11.9 per cent to $46.2 million. Excluding a $1.7 million one-off impairment provision on assets held for sale,393 words
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Article, Illustration640 2013-07-26 4 JOYCE HOOI - By JOYCE HOOI SEMBCORP Marine (SembMarine) won a partial victory but lost other areas of the battle in its prolonged court brawl with PPL Holdings (PPLH). Yesterday, the Court of Appeal ruled that SembMarine was right to assert that its joint-venture agreement with PPLHPHOTO: BLOOMBRERG - 640 words
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Article, Illustration284 2013-07-26 4 LIVIA YAP - By LIVIA YAP PAWNBROKING chain MoneyMax Financial Services launched yesterday its initial public offering (IPO) of 53.8 million new shares at 30 cents apiece for a Catalist listing. The IPO shares comprise two million for public subscription, 51.3 million for placement and 500,000 reserved284 words
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Article, Illustration679 2013-07-26 5 MINDY TAN - It posts 12% rise in income distribution to $12.5m for Q1; declares DPU of 2.5¢ By MINDY TAN AIMS AMP Capital Industrial Reit is looking to acquire assets in Sydney in the coming 12 months, said the trust yesterday, as it unveiled a679 words
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598 2013-07-26 5 R SIVANITHY - Disclose no matter what the news is HOCK LOCK SIEW By R SIVANITHY A FORTNIGHT ago, the disclosure controversy involving Australia’s largest gold mining firm Newcrest Mining was highlighted in this column (Hock Lock Siew, “Regulators should attend analyst briefings”, BT, July 12). The company at the time faced allegations598 words
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413 2013-07-26 7 LYNN KAN - New counter to take off on Aug 5 at 9am, joining its Singdollar counterpart By LYNN KAN THE Singapore Exchange (SGX) has given the go-ahead to China-based Yangzijiang Shipbuilding (Holdings) to have its shares traded in both Chinese renminbi and Singapore dollars.413 words
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300 2013-07-26 7 KENNETH LIM - By KENNETH LIM THE chief executive of WE Holdings has resigned to “facilitate the scaling down of his involvement in the businesses of the group and to pursue other unrelated business interests”, the electronics manufacturer and trader announced300 words
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283 2013-07-26 7 TEO SI JIA - By TEO SI JIA HOTELIER and property developer Stamford Land Corporation’s net profit for the first quarter ended June 30 shot up 41.3 per cent to $6.35 million from $4.49 million a year earlier. Earnings per share were 0.73 cent, up from 0.52283 words
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478 2013-07-26 7 ONG CHOR HAO - By ONG CHOR HAO STAPLED group OUE Hospitality Trust (OUE H-Trust) had a muted trading debut on the Singapore Exchange (SGX) yesterday, closing at its initial public offering (IPO) price of 88 cents. About 81 million stapled securities changed hands, making it the478 words
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346 2013-07-26 7 LYNN KAN - By LYNN KAN FIRST Ship Lease Trust declared no distributions for the second quarter ended June 30, 2013 as it continued to report losses and year-on-year declines in cash flow from operating activities. The ship lease financing business trust was also unable346 words
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Advertisement788 2013-07-26 4 WAR3 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 GLOBAL ABSOLUTE INVESTMENT ADVISORS PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) Company Registration No. *****1604M NOTICE OF MEETING OF CONTRIBUTORIES Notice is hereby given that a meeting of the788 words
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Advertisement125 2013-07-26 5 ""7 m M ■%> o Ir 45 in 0 W x 4 1 o s a m O o o URIA/ERK PRESENTS THE UR-mOTTH IN TANTALUM AND ITS REVOLVING SATELLITE COMPLICATION ON PLANETARY GEARS (also available in red gold and AITIN) URWERK GENEVE THE HOURGLASS URIA/ERK has its origins in125 words
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SINGAPORE MARKETS
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Article, Illustration619 2013-07-26 6 R SIVANITHY - Index’s 39-point loss comes after cumulative gains of 61 points earlier in the week STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) gained 61 points between Monday and Wednesday but fell 39.08 points, or 1.2 per cent, yesterday to end at 3,235.68. DeclinesSource: Bloomberg - 619 words
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Article73 2013-07-26 6 Jul 25 VALUE CLOSE BT OB/OS -18.00 -254.0 BT CADI -*****.00 -36.0 BT 10-day MA -*****.00 -2.00 FTSE ST Mid Cap 771.65 -3.19 FTSE ST Small Cap 575.90 -1.32 FTSE ST All Share 793.56 -7.97 FTSE ST China Top 203.06 -0.66 FTSE ST China 232.33 -0.27 FTSE73 words
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Article50 2013-07-26 6 VOLUME Aussino 304,321,000 Unionmet 278,940,000 Albedo 271,934,000 Weiye 155,651,000 HanKore 143,974,000 Compact 132,204,000 Cedar 128,378,000 Innopac 116,917,000 OUE HT 80,500,000 YHM 77,248,000 VALUE($) CapitaLand 74,639,025 OUE HT 71,036,140 Keppel Corp 70,328,435 SingTel 68,083,385 Genting SP 43,673,655 SPHREIT 42,990,360 UOB 41,693,096 Aussino 41,413,482 JMH 40,482,640 Unionmet 33,802,877 Clob50 words
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Article186 2013-07-26 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 3 0 0 0 3 8 3 Manufacturing 61 59 43 10 8 9 71 67 52 Commerce 16 27 20 2 8 5 18 35 25 Tpt/Stor/Comms 12 18 11186 words
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Article123 2013-07-26 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 30,796 30,796 87,447 87,447 Manufacturing 972,723 300,977 1,273,700 195,265 10,672 205,937 Commerce 451,637 350,067 801,704 160,104 15,382 175,486 Tpt/Stor/Comms 106,402 18,942 125,344 141,661 7,314 148,975 Finance 128,962 308 129,270 122,913 137 123,050 Construction 145,332 85,594123 words
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BROKERS’ TAKE
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Article386 2013-07-26 6 July 25 close: $1.96 Jefferies, July 23 CAPITAMALLS Asia’s (CMA) recurring earnings were up 62 per cent y-o-y, and its financial position was strengthened. Interim revenue grew 28 per centy-o-y to $145 million. Its recurring income grew 62 per cent y-o-y to $120 million on the back of386 words
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Article320 2013-07-26 6 July 25 close: $1.24 DMG Partners Research, July 25 WITH its properties rented out under a master lessee (except APC Distrihub, which has two key tenants), Cache is able to enjoy a stable 100 per cent occupancy rate with a long-term weighted average lease to expiry profile320 words
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Article268 2013-07-26 6 CAI HAOXIANG - Compiled by CAI HAOXIANG July 25 close: $0.865 Maybank Kim Eng Research, July 25 WE reiterate our preference for retail Reits in the current uncertain yield environment, especially as Starhill Global Reit’s key assets are in the coveted Orchard Road area, where tight supply and the entry268 words
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Article114 2013-07-26 6 Stock name Close Change CapMallsAsia 1.960 -0.035 CapitaLand 3.220 +0.010 CapitaMall 2.020 -0.030 CityDev 10.590 -0.140 ComfortDelGro 1.985 +0.035 DBS Grp 16.740 -0.040 GLP 2.860 -0.020 Genting SP 1.370 -0.020 Golden Agri 0.545 -0.015 HK Land 6.760 +0.010 HPH Trust US$ 0.760 JMH 55.900 -2.210 JSH114 words
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Article, Illustration497 2013-07-26 6 CURRENCIES Bloomberg [LONDON] The yen yesterday climbed against all except one of its 16 major peers as a drop in Asian and European equities boosted demand for the safest assets. The yen strengthened for the first time in three days against the euro. Europe’sBloomberg; PHOTO: REUTERS - 497 words
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Article115 2013-07-26 6 BY CENTS CLOSE UP DBXT E50 10US$ 4384 77.3 1.4 SGX.ES.1307 764 32.0 4.4 STXPO 100 181 27.0 17.5 CIMBAsean40 100US$ 1106 20.3 1.5 DBXT MSBrazil 10US$ 457 20.3 3.6 Lyxor LatinAmerica 1 651 20.3 2.5 Great Eastern 1778 20.0 1.1 Hyflux 6% CPS 10 ***** 20.0 0.2 DBXT115 words
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Article120 2013-07-26 6 BY CENTS CLOSE DOWN JMH 5590 -279.9 -3.8 GLD 10US$ ***** -259.7 -1.6 DBXT Nifty 10US$ ***** -177.3 -1.3 DBXT STGLDv100 10US$ 2913 -173.5 -4.5 Jardine C&C 4173 -122.0 -2.8 IS S&P500 ***** -114.0 -0.5 UOB 2150 -48.0 -2.2 UOB.ES.1307 2151 -47.0 -2.1 DBXT MSAsExJp 10US$ 3210 -31.7 -0.8120 words
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Advertisement272 2013-07-26 7 Mulpha Showcase Mulpha Group is a diversified conglomerate and has over the years, leveraged on its expertise abroad to become Malaysia’s largest real estate investor and developer in Australia. Today, we are proud to present the finest lifestyle properties in this region at the Mulpha Showcase for your viewing. milton272 words
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SINGAPORE NEWS
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639 2013-07-26 8 GRACE LEONG - Court also reduces fine of M’sian who caused blackout by hacking into MBS’ computer network By GRACE LEONG A MALAYSIAN engineer who was found guilty of causing a massive blackout at the Marina Bay Sands (MBS) casino in 2010 succeeded639 words
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225 2013-07-26 8 JOYCE HOOI - Station and tunnel projects to be completed by 2019-20 By JOYCE HOOI THE Land Transport Authority (LTA) has awarded Samsung C&T Corporation a contract to build Caldecott MRT Station and its related tunnels for about $285 million, it announced yesterday. Another contract worth225 words
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Article, Illustration169 2013-07-26 8 SOME 80 volunteers from Swiss bank UBS chaperoned 180 children on an excursion to the Singapore Zoo last Friday. The children, ranging from seven to 18 years old, are from Pathlight School and Eden School. Both are special needs schools169 words
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442 2013-07-26 8 RONNIE LIM - Demand for the chemical expected to pick up in H2 By RONNIE LIM US specialty chemicals maker Stepan Company which “recycled” a defunct, first-generation biodiesel plant on Jurong Island into one making surfactants has reported a decline in its oilfield surfactant sales in442 words
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727 2013-07-26 8 CHRISTOPHER LIM - Panel of 10 CEOs to pick 10 wines from the shortlisted 50 By CHRISTOPHER LIM THE Business Times Wine Challenge 2013 reached a new milestone yesterday when a panel of wine connoisseurs finished a three-day tasting marathon to shortlist 50 wines from 150727 words
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Page 8 Advertisements
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Advertisement652 2013-07-26 8 NutritionPark.com Largest Range! Longest Warranty! PLATINUM SERIES (5LBS) CONTROLLED UBS GREEN MAGNITUDE uqt? 25g of protein, 6g of BCAA, 2g of carbs per serving. I servings per tub. 6b '.90 CONTROLLED LABS PURPLE WRAATH |WI^(2.39LBS) Sp 20 Fast acting EAA BCAA formula .to keep your body in a constant anabolic652 words
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INTEGRATED REPORTING
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Article, Illustration1224 2013-07-26 9 KAN KWOK LEONG - Integrated reporting gives a more accurate picture of a firm’s performance, but it’s yet to be widely adopted. ByKAN KAN KWOK LEONG FOR many investors, the experience of reading a corporate annual report involves navigating a daunting 300-page tome filled with sections on contingent liabilities1,224 words
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Article117 2013-07-26 9 THE International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs. Together, this coalition shares the view that corporate reporting needs to evolve to provide a concise communication about how an organisation’s strategy, governance, performance and prospects,117 words
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104 2013-07-26 9 WHILE no ideal integrated report yet exists, the IIRC has set out the elements and guiding principles that underlie integrated reporting. According to a paper by accounting firm KPMG titled Performance insight through better business reporting, the integrated report’s elements should be generated104 words
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151 2013-07-26 9 ACCORDING to Chen Voon Hoe, partner at PricewaterhouseCoopers (PwC) Singapore, adopting integrated reporting will help companies better access capital markets and resources to run and grow their businesses. “Capital will flow to those companies which are able to articulate how they create value and how151 words
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Page 9 Advertisements
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Advertisement58 2013-07-26 9 CGMA iff Chartered Global Management Accountant Powered by AICPA) cimA Chartered Global Management Accountant (CGMA) is a designation powered by the world's renowned and leading professional accounting bodies, CIMA and AICPA, the American Institute of Certified Public Accountants. CGMAs are trusted business strategists connecting all aspects of business that drive58 words
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MALAYSIA
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472 2013-07-26 10 PAULINE NG - Listing has positive knock-on effect for KPJ Healthcare due to re-rating of sector By in Kuala PAULINE NG in Kuala Lumpur DESPITE many deeming its initial public offering (IPO) valuation as lofty at the time, International Healthcare Holdings (IHH) has gained a472 words
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471 2013-07-26 10 It needs partners for project, in talks with Sinopec to take up at least 10% Reuters [KUALA LUMPUR] Petronas plans to sell down its stake in a US$20 billion Canadian liquefied natural gas (LNG) export project to as low asReuters - 471 words
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660 2013-07-26 10 Demand growing at slowest rate in more than 10 years Bloomberg [KUALA LUMPUR] Palm oil prices tumbled to the lowest level in more than three years as global supp l i es o f t h e wor ldBloomberg - 660 words
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Advertisement328 2013-07-26 10 STPROPERTY SEMINAR Ji Opportunities Outlook of the Property Market in Q4 2013 STRATEGIES TO OVERCOME THE CHALLENGING PROPERTY LANDSCAPE 2 'in.,' i A w r .i rr i Under the new Total Debt Servicing Ratio (TDSR) Framework by MAS, the property landscape is getting more challenging For property buyers. What328 words
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Advertisement18 2013-07-26 10 WE MAKE YOUR ROADS Global manufacturer of road-making machineries, automobiles plants. www.powerpac.sg /3v PDWERPAC PDWERPAC INTERNATIONAL PTE. LTD.18 words
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GREATER CHINA/INDIA
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Article, Illustration658 2013-07-26 11 Cabinet approves tax breaks for small firms and reduced fees for exporters Bloomberg [BEIJING] Chinese Premier Li Keqiang said the nation will speed railway construction, especially in the central and western regions, adding support for an economy that’s set to expand atBloomberg; PHOTO: AFP - 658 words
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541 2013-07-26 11 Bloomberg [MUMBAI] Gold jewellery exports from India, the world’s biggest consumer last year, are poised to surge as the central bank seeks to curtail domestic bullion use and boost shipments to defend a weakening currency, a trade group said. Shipments may jump asBloomberg - 541 words
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737 2013-07-26 11 Bloomberg [MUMBAI] Just when India’s biggest stimulus package in a decade was close to paying off, a cash crunch engineered by the central bank to shore up the rupee has pushed borrowing costs for leading companies back above 10 per cent. Billionaire Anil Ambani’sBloomberg - 737 words
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727 2013-07-26 11 Hutchison has set an Aug 16 deadline for initial bids: sources Reuters [HONG KONG] Japan’s Aeon Co Ltd and state-owned China Resources Enterprise Ltd are among the suitors considering bids for the Hong Kong supermarket business being sold by billionaire Li Ka-shing, people familiarReuters - 727 words
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Page 11 Advertisements
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Advertisement67 2013-07-26 11 One click makes everything click. Be ready for tomorrow with Traders Smart Stay. From airport transfers and breakfasts, to dining and laundry credits, pre-book it at tradershotels.com for peace of mind. You will also receive free Wi-Fi and the best rate, guaranteed. So why not customise every detail of your67 words
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ECONOMY WATCH
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Article, Illustration527 2013-07-26 12 Pledge comes ahead of likely stand-offs with Republicans in Congress AP [GALESBURG, Illinois] US President Barack Obama sought to build momentum for looming fiscal fights with Republicans in Congress, declaring in a speech that the economy would be the “highest priority” of hisAP; PHOTO: AP - 527 words
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Article, Illustration608 2013-07-26 12 GDP up 0.6% but is still below peak of pre-recession level Reuters [LONDON] Britain’s economy sped up in the second quarter, boosted by spending by consumers and businesses, although it remains smaller than before the 2008-09 recession. Preliminary data from the Office forReuters; PHOTO: REUTERS - 608 words
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391 2013-07-26 12 Reuters [LONDON] Britain’s business minister, Vince Cable, has accused the Bank of England (BOE) of holding back economic recovery by imposing excessive financial burdens on banks and demanding they build up high levels of capital. The central bank gained new powers in April toReuters - 391 words
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Article, Illustration675 2013-07-26 12 Bloomberg [FRANKFURT] German business confidence rose for a third month in July, indicating that Europe’s largest economy is recovering as the 17-nation euro region tries to shake off its longest-ever recession. The Ifo institute’s business climate index, based on aBloomberg; PHOTO: AP - 675 words
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521 2013-07-26 12 Reuters [WASHINGTON] Saudi Arabia may not be able to create all the private sector jobs it needs for its rapidly growing population, which could lead to higher unemployment, the International Monetary Fund (IMF) said on Wednesday. The Saudi government has recognised that low employment amongReuters - 521 words
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Advertisement120 2013-07-26 13 4 B A E) ®R d f' Mb.. OUG HOSPITALITY TRUST THANKYOU TO ALL WHO HAVE MADE OUE HOSPITALITY TRUST'S IPO A RESOUNDING SUCCESS From The Board of Directors and Management of OUE Hospitality REIT Management Pte Ltd SPONSOR OUG JOINT GLOBAL COORDINATORS AND ISSUE MANAGERS Goldman Standard CreditSuisse Sachs120 words
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WORLD
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Article, Illustration583 2013-07-26 14 Sales of mobile ads set to surpass revenue from desktop computers Bloomberg [SAN FRANCISCO] Facebook chief executive officer Mark Zuckerberg’s decision last year to bet big on mobile software is paying off, with sales of ads on wireless devices now onBloomberg; PHOTO: REUTERS - 583 words
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573 2013-07-26 14 He says company HQ knew nothing about any alleged fraud NYT [LONDON] Andrew Witty, chief executive of the drugmaker GlaxoSmithKline, has said that the accusations of bribery and corruption against his company in China were “deeply disappointing”. But he said that Glaxo’s headquarters inNYT - 573 words
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552 2013-07-26 14 Reuters [FRANKFURT] Loans to the eurozone’s private sector shrank by more than expected in June, starving the economy of the funds needed to sustain recovery and piling pressure on the European Central Bank (ECB) to take fresh action. Loans to theReuters - 552 words
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402 2013-07-26 14 Bloomberg [BERLIN] German Chancellor Angela Merkel’s government is making efforts to help Berlin take on London and Tel Aviv as the region’s top information technology location, said Economy Minister Philipp Roesler. The German capital’s attraction for young people, low housing andBloomberg - 402 words
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311 2013-07-26 14 AFP [MANILA] Moody’s Investors Service signalled yesterday that it was likely to elevate the Philippine government’s debt rating to investment grade, citing the nation’s robust economic growth and political stability. Two other major credit rating agencies, Standard and Poor’s and Fitch, have already upgradedAFP - 311 words
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Article, Illustration420 2013-07-26 14 AFP [BRUSSELS] The European Union and China are near a settlement in their dispute over solar panel imports, press reports said yesterday, but European manufacturers challenged the figures involved as still harmful to their business. The Handelsblatt business daily said that negotiatorsAFP; PHOTO: AFP - 420 words
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Article, Illustration480 2013-07-26 15 Improvement in Q2 boosts PM Rajoy’s forecast of economic recovery Bloomberg [MADRID] Spain’s unemployment fell for the first time in two years in the second quarter, bolstering Prime Minister Mariano Rajoy’s forecast of an economic recovery. The number of jobless people fell asBloomberg; PHOTO: REUTERS - 480 words
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772 2013-07-26 15 AFP [LONDON] It’s a single circuit board the size of a credit card with no screen or keyboard, a far cry from the smooth tablets that dominate the technology market. But the world’s cheapest computer, costing just US$25, has astonished its British creators byAFP - 772 words
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644 2013-07-26 18 PM Abe will need a 5t yen fiscal package to cushion impact of increase: survey Bloomberg [TOKYO] Japanese Prime Minister Shinzo Abe, now sitting on the biggest parliamentary majority in six years, faces the threat of political dissent within months as aBloomberg - 644 words
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Advertisement1037 2013-07-26 15 BT ADVERTORIAL Reaping rewards of executive MBA investment Three professionals from the communications, engineering, and medical industries share their experiences Returning to school in the middle of one’s busy career can be a daunting prospect. But putting oneself through an executive MBA programme is both achievable and rewarding, say three1,037 words
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Advertisement297 2013-07-26 16 Best of Both Worlds human capital strategies I NETWORK AND BE INSPIRED AT «iq on X. FOR ASIA I ASIA'S LEADING HUMAN CAPITAL EVENT S 'J TE^ cnsiaaaa THE BUSINESS TIMES SUBSCRIBE TODAY BBT ONLINE BBT HOME DELIVERY The Business Times Raffles Conversation M 13 am A National Day Message297 words
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Advertisement2036 2013-07-26 17 KAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ——i IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF REXITER CAPITAL MANAGEMENT SINGAPORE PTE. LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) (Co. Reg. No. *****3920R) At an Extraordinary General Meeting of the abovenamed Company duly convened and held2,036 words
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Advertisement1686 2013-07-26 17 NOVO GROUP LTD. KfMJ&WPS£W|* (Incorporated in Singapore with limited liability) (Company Registration No. *****2648H) Singapore Stock Code: MRS Hong Kong Stock Code: 1048 NOTICE IS HEREBY GIVEN that the annual general meeting of NOVO GROUP LTD. (the “Company”) will be held at RELC International Hotel, Tanglin 2, Level 1, 301,686 words
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Advertisement1558 2013-07-26 18 AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices UNITED ENGINEERS LIMITED (Company Registration No.: *****0018G) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of United Engineers Limited (the “Company”) will be held at The Auditorium, 12 Ang Mo1,558 words
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Advertisement414 2013-07-26 18 .\&[[~;;>?~'$=!|+='}=^\:$|`'[>+ In the matter of the Companies Act, Cap 50 And In the Matter of Sin Chang An Investments Pte Ltd (In Members’ Voluntary Liquidation) (Registration No.: *****3375N) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting414 words
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Advertisement463 2013-07-26 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CARD CENTRE ASSET PURCHASE COMPANY PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****1946C) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company463 words
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Page 19 Advertisements
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Advertisement332 2013-07-26 19 THE STRAITS TIMES WHEREVER YOU ARE iigHQIa[TF»TEHis yvurgiMa iJ u'Jhud'Z )j3j n 3 r m a a r V A; r Z ’~*~'~Z m j I i* 3* •m STAY INFORMED ON WHAT MATTERS MOST GRAB THESE FABULOUS GIFTS when you Subscribe to The Straits Times. Select o Plan and332 words
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PROPERTY
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Article, Illustration1306 2013-07-26 20 Continent buoyed by growing middle class and rising travel demand Bloomberg [LOS ANGELES] Marriott International Inc, Starwood Hotels Resorts Worldwide Inc and Hilton Worldwide Inc are turning to Africa, where a growing middle class and rising travel are fuelling the fastest pace of hotelBloomberg; PHOTO: BLOOMBERG - 1,306 words
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357 2013-07-26 22 75,360 sq m Sunhe plot in north-east is sold for 2.36b yuan to COFCO Bloomberg [BEIJING] Beijing sold a high-end residential land parcel for a record price as developers sought to tap rising demand for luxury homes even as the government maintainsBloomberg - 357 words
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219 2013-07-26 22 MINDY TAN - By MINDY TAN MARINA Bay Suites has obtained its Temporary Occupation Permit (TOP), officially marking the completion of the Marina Bay Financial Centre (MBFC) development. To meet the demand for larger-sized apartments in the new financial district, the 221-unit Marina Bay Suites features 218219 words
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Article, Illustration349 2013-07-26 22 Spalathronisi island will have a 10m euro starting price Xinhua [ATHENS] A Greek private uninhabited island will be put up for auction in September with a starting price of 10 million euros (S$16.8 million), a local auction firm announced onXinhua; PHOTO: AFP - 349 words
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Page 20 Advertisements
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Advertisement626 2013-07-26 20 D01 HOUSE FOR SALE SENTOSA SOUTH COVE Modern Villa 8100/*****sqft 6+1rms Basement. Pte Berth. Best Waterway view! Pool, Gazebo, Lift. Also for Rent! Call Veronica 9455 0898 DTZ D04 HOUSE FOR SALE SENTOSA COVE Award Winning! Bunglw 6900 sf. 5 rm. Fantastic Decor High End furniture. Value for money! D09626 words
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Page 21 Advertisements
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Advertisement385 2013-07-26 21 D28 HOUSE FOR SALE SUNRISE AVENUE Sunrise Ave, Semi-D. 4+1, 3910/3500 sf. Freehold Swimming pool, Cul-De-Sac, near Amenities/ Aerospace Hub. Call Now Catherine 9634 8940 D01 APARTMENT FOR SALE FOOK HAI APARTMENT Investment choice! Fook Hai apartment. Move in. 1614sqft. Designer decor. MRT mall hotel. Call Emily 9009 0232 D01385 words
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Advertisement183 2013-07-26 21 D08 APARTMENT FOR SALE CITY SQUARE RESIDENCES New List. FH, next to City Square Mall. 3 mins walk to MRT. 1+1 (add on Mezzanine). New renovation. See to believe. Fion 9654 3353 D09 APARTMENT FOR SALE ASPEN HEIGHTS Blk 261. High flr. 3+1. Pool view. 999 yrs Facilities Vacant unit.183 words
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Advertisement175 2013-07-26 21 D10 APARTMENT FOR SALE ORANGE GROVE RESIDENCES Freehold. 2390 sf. 4-bdrm. Pool view. Tastefully renovated. Sell with tenancy. Serious seller! D10 APARTMENT FOR SALE TENERIFFE Sixth Avenue 5 rms, 3100 sqft, vacant. Garden/ Pool. Good rental yield. Call Michael 9386 9287 D10 APARTMENT FOR SALE TESSARINA Tessarina Bukit Timah, #1,175 words
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Advertisement167 2013-07-26 21 D13 APARTMENT FOR SALE BARTLEY RIDGE MRT doorstep. New condo. Very low psf Good investment. 2 to 4 rms. Bidadari New Town. D13 APARTMENT FOR SALE DAISY SUITES Freehold Daisy Suites. Boutique Apartment. High ceiling. Private pool. Near Nex Shopping Mall. Limited units left. Co-broke welcome. D15 APARTMENT FOR SALE167 words
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Advertisement174 2013-07-26 21 D10 HOUSE FOR RENT OEI TIONG HAM 2-storey Bungalow @Oei Tiong Ham. Excellent location. 3+1. 10,060 sqft. F/furn. $17.5K. Call Christina 9855 7733 D10 HOUSE FOR RENT OEI TIONG HAM 2-sty Bungalow @Oei Tiong Ham. Excellent location. 3+1. 10,060 sqft. F/furn. $17K. Contact Christina 9855 7733 D10 HOUSE FOR RENT174 words
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Page 22 Advertisements
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Advertisement611 2013-07-26 22 D11 21 HOUSE FOR RENT SWISS CLUB LANE 2-storey detach house. Approx 1631.2/ 485sqm. Private pool. Reno with 100% move-in. Immed. $23K neg Call *****086 www.calineproperty.com D15 HOUSE FOR RENT CRESCENT ROAD Modern 3-storey semi-d, 5+1 rms. Spacious build in. Convenient. Available August. Chris 9007 2722 D15 HOUSE FOR RENT611 words
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Page 23 Advertisements
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Advertisement194 2013-07-26 23 D11 21 SHOP FOR SALE KING ALBERT PARK F’hold retail shop. 301 sqft. Mins to MRT. Mixed development. Wide frontage, Good traffic flow! Rare! D13 FACTORY FOR SALE SHUN LI INDUSTRIAL PARK Shun Li Industrial Park Office/ Factory. B2. 6921 sqft. 3-Storey. Renovated 2 year ago. Grab it! Call Michelle194 words
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Advertisement194 2013-07-26 23 D25 FACTORY FOR SALE ECO-TECH Eco-Tech Sunvale. Buy your own B2 factory! From $2xx psf. 2600 sqft foreigners can buy. 9068 1626 James D26 FACTORY FOR SALE 9 Tagore Lane F’hold. B1 ind. 4864 sf. Double sty. Asking $3.6M. High ceiling. Immed move-in. 9069 8200 Zen D26 FACTORY FOR SALE194 words
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Advertisement544 2013-07-26 23 D06 OFFICE FOR RENT HIGH STREET CENTRE High Street Centre. 550 sqft. #22 Fully fitted. Near City Hall/Clarke Quay MRT Owner 8488 6000 D07 OFFICE FOR RENT WATERLOO CENTRE Waterloo Centre, Nice Office for rent, approx. 200 sq.ft. Share toliet. Good location! Don’t miss! Call Owner 9010 0528 D09 SHOP544 words
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Advertisement259 2013-07-26 23 FOREIGN PROPERTY FOR SALE MARINA BAY SUITES IN MALAYSIA Invest in Iskandar M’sia. Marina Bay Suites beside Danga City Mall. 5 mins fr M’sia Custom. FH Apt. VVIP Preview 27/28 July,call now to reserve seats FOREIGN PROPERTY FOR SALE SENTRAL IN MALAYSIA Office Sentral KL. 7 units. RM34.5M. Yield approx259 words
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EDITORIAL & OPINION
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Article, Illustration1043 2013-07-26 24 RAZEEN SALLY - Asian emerging markets need to reform policies and institutions, and get the basics right By RAZEEN SALLY The writer is visiting associate professor at the Lee Kuan Yew School of Public Policy, National University of Singapore WILL emerging markets in Asia follow Latin AmericaPHOTO: AFP - 1,043 words
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Article, Illustration794 2013-07-26 24 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IF proverbial Martians descended on Earth and toured America’s crowded shopping malls, travelled its congested highways and sampled its technological gadgets from the many cable channels to ubiquitous smartphones these visitorsThe Washington Post Writers Group - 794 words
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Article437 2013-07-26 24 EDITORIAL THE new five-year National Cyber Security Masterplan announced on Wednesday should go a long way in convincing enterprises, especially global ones, that Singapore intends to remain a safe place to do business in this Internet age. With increased digitisation of data, the nature of business is437 words
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Article, Illustration1533 2013-07-26 25 ANNA TEO - New research on 16 Asian economies finds role of total factor productivity in their stellar economic performance By ANNA TEO WO decades after their track record of spectacular growth first drew widespread scrutiny, even comparisons with Soviet-style “mobilisation of resources”, Asian nations continue to outpace other regionsPHOTO: AFP; PHOTO: ARTHUR LEE - 1,533 words
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547 2013-07-26 25 ANNA TEO - By ANNA TEO PRODUCTIVITY and other efficiency gains have become a much bigger driver of Singapore’s economic growth in the last decade but the Republic still lags, by far, the other East Asian economies on the TFP (total factor productivity) measure. From just547 words
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AVIATION/SHIPPING
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Article, Illustration370 2013-07-26 26 NISHA RAMCHANDANI - Pre-tax profit surges 34% to £840m; half-year dividend up 13% to 8.6 pence By NISHA RAMCHANDANI BRITAIN’S Rolls-Royce Holdings posted a net loss of £358 million (S$695 million) for the first half of 2013, down from a net profit of £1.2 billionPHOTO: AP - 370 words
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732 2013-07-26 26 Reuters [LONDON] Measures to tackle high moisture content in iron and nickel ores shipped across oceans have increased awareness of the risks of cargoes liquefying and capsizing ships, leading to rejections of cargoes on safety grounds. The problem, which has already affected theReuters - 732 words
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Article233 2013-07-26 26 SGX '000 Jul 25 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.26 unch 71 Cosco Corp 0.77 -0.01 1658 S$ Ezra Hldgs 0.87 -0.01 2783 First Ship Lea CH Offshore Freight Links ....unch Grand Banks..............0.30 -0.04 18 Jaya Hold Ltd unch K1Ventures 0.17 unch 236233 words
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281 2013-07-26 26 NISHA RAMCHANDANI - By NISHA RAMCHANDANI BUDGET carrier Tigerair has inked a contract with CAE Oxford Aviation Academy (OAA) to train pilots under a multi-crew pilot licence (MPL) programme. CAE OAA will train Airbus A320 first officers for the Singapore-headquar-tered airline, with training to be281 words
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Article, Illustration814 2013-07-26 26 Bloomberg [STOCKHOLM] Nordea Bank AB and DNB ASA, two of the world’s largest shipping lenders, are seeing signs of an end to the maritime industry’s five-year slump as bets grow on a recovery in sea-borne trade. Loan losses at Nordea’s shippingBloomberg - 814 words
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512 2013-07-26 26 NYT [NEW YORK] Boeing topped analysts’ expectations with a 13 per cent increase in second-quarter profit, thanks to growing sales of commercial airplanes and exports of military equipment, the company reported on Wednesday. The company, based in Chicago, also raised its forecast forNYT - 512 words
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Page 26 Advertisements
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Advertisement18 2013-07-26 26 Chinese banks turn to offshore centre to overcome credit crunch To subscribe, call 6388-3838 or go to sphsubscription.com.sg18 words
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MICE & CORPORATE TRAVEL
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Article, Illustration1341 2013-07-26 27 KAN KWOK LEONG - Airlines are waging a dogfight in the skies and airports of Asia’s major cities for a bigger slice of the lucrative corporate travel market By KAN KWOK LEONG THE battle for the business traveller in Asia is heating up as premium airlines beef up their offerings toPHOTO: AFP - 1,341 words
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Article, Illustration576 2013-07-26 28 HERE are some of the latest offerings by airlines to lure business travellers. NQantas Airways: A luxury lounge In March, Qantas opened the doors of its new premium Singapore Lounge at Changi Airport, which offers a range of culinary fare. Customers get to enjoy a range of576 words
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Article, Illustration895 2013-07-26 30 KAN KWOK LEONG - Companies in Asia still see the need for business travel, even if they are eyeing ways of doing it more efficiently By KAN KWOK LEONG SPENDING on business air travel in Asia is expected to expand over the next year, as the value of meeting customers inPHOTO: AP - 895 words
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Article, Illustration711 2013-07-26 31 KAN KWOK LEONG - Despite growing competition in the region, Singapore’s MICE sector is expected to continue its winning streak By KAN KWOK LEONG THE outlook for the exhibitions and conferences industry in Singapore remains strong, buoyed by the country’s well-established infrastructure and the emergence of new growth sectors, industry711 words
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Article, Illustration137 2013-07-26 31 THERE has been a growing trend in staging conferences alongside exhibitions and an accompanying rise in demand for space for such events, according to Aloysius Arlando, chief executive officer, Singex, the manager of the Singapore Expo Convention and Exhibition Centre. To meet this demand, Singex launched137 words
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Page 27 Advertisements
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Advertisement249 2013-07-26 27 MAX Atria Singapore EXPO 1 Expo Drive, #02-01, Singapore *****0 T +65 6403 2160 E sales@maxatria.com.sg www.maxatria.com.sg M^tria Singapore EXPO Conventions Redefined We JustTurned ONE Hosted track record events set international audience ablaze MAX Atria Singapore EXPO has just celebrated its first year of redefining the meeting experience. Since opening249 words
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Page 28 Advertisements
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Advertisement217 2013-07-26 28 ft. m fireFLu 2D1N KUALA LUMPUR Radius 3* Royale Bintang 4* Istana Hotel 5* Package includes: Return air ticket by Firefly include taxes (SIN/SZB/SIN) with airport transfer. 1 night accommodation. Daily breakfast. 2D1N IPOH TOUR Excelsior 2.5* Heritage 3* Tower Regency 3* Package includes: Return air ticket by Firefly include217 words
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Page 29 Advertisements
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Advertisement556 2013-07-26 29 15 DECKS OF ADVENTURE. WHAT IT TAKES TO BE ASIA’S LARGEST MICE VENUE AT SEA. it '> m «5 ft k =a i 5 Efi I* 1 v' A m i v it L." ■L u SlilOW U£ FACILITIES ENTERTAINMENT HIGHLIGHTS J f L. SR A Q r -*v v*r556 words
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Page 30 Advertisements
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Advertisement231 2013-07-26 30 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 benefitted us in terms of fulfilling231 words
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Page 31 Advertisements
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Advertisement210 2013-07-26 31 CELEBRATING 15 YEARS OF HOSPITALITY (1998-2013) It Hi PE 1 Corporate Meeting Package With uniquely tailored and versatile meeting packages, the latest in multimedia technology and a service orientated team on standby, Eastin Hotel Petaling Jaya is a sought-after venue for corporate events. Our 12 spacious function rooms combined with210 words
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Advertisement88 2013-07-26 31 FCm Travel Solutions FCm Travel Solutions is a global leader in corporate travel management. Backed by the global negotiating strength of parent company Flight Centre Limited, FCm gives your company access to the widest range and best priced travel options. Our team is recognised as industry leaders and isn't afraid88 words
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Page 32 Advertisements
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Advertisement935 2013-07-26 32 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 VESSEL935 words
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Advertisement507 2013-07-26 32 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 ENDURANCE FF329 18/07 22/07 24/07 26/07 31/07 07/08 TAMERLANE FF333 12/08 16/08 19/08 21/08 26/08 03/09 TYSLA FF334 24/08 28/08 31/08 02/09507 words
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Page 33 Advertisements
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Advertisement1127 2013-07-26 33 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 DILI1,127 words
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Advertisement229 2013-07-26 33 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA 1 10/13 01/08 03/08 BELITUNG/PKL BALAM SRI JAYA 8 09/13 IN PORT 28/07 JAMBI/PEKAN BARU FAJAR MAS 08/13 30/07 01/08 PALEMBANG/PANJANG SINOPA 12/13 27/07 29/07 BENGKULU/PADANG SIANIRI 10/13 IN PORT 27/07 BELAWAN/LHOKSEUMAWE CARAKA JN332 06/13 29/07229 words
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SINGAPORE STOCKS
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Article3122 2013-07-26 34 Transaction date: Jul 25 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 Company 8.8 3 A-Sonic --AAT Vol Day Last Quote (’000) High Low Buyer Seller Div Gr Yld 10.4 7 AEM3,122 words
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Article247 2013-07-26 35 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 2.4 1.3 t Advanced System 1.5 unch 3015 1.6 1.5 1.4 1.5 23.8 Last Quote Div Gr Yld Net M Cap High247 words
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Article11066 2013-07-26 35 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.13/ Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** Asian Smaller Cos!” 1.997/ EM Local Ccy Bond 0.9587/ European Opportunities!” 1 2266/ Global Emerging Markets!” Global11,066 words
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Article258 2013-07-26 35 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A42 -5 4 42 42 43 46.5 3.6 8.3 3.4 155.5 52 31 Genting HK US$ US44 +1 ***** 44.5 43 43.5 44 2897.2258 words
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Article894 2013-07-26 35 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Last 143 120.4 CIMB APAC Div 100S$D 127.7 136.6 137.5 114.4 99 CIMB APAC Div 100US$ US99.2 108 108.8 10.4894 words
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FINANCE & COMMODITIES
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Article628 2013-07-26 36 Jul 25 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.21 *****.77 *****.21 Sep13 *****.00 *****.00 *****.00 *****.00 ***** *****2 Dec13 *****.00 4 ***** MSCI TAIWAN INDEX FUTURES SPOT 289.65 290.20 287.36 Jul13 289.30 290.70 286.60 289.20 ***** *****9 Aug13 287.20 288.40 284.40 287.20628 words
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373 2013-07-26 36 In local curr In S$ In US$ dy yr dy yr dy yr Jul 24 Index Change Change Change Change Change Change World Preliminary 1092.9 0.1 16.5 0.3 17.9 0.1 13.6 EAFE Preliminary 894.8 0.4 15.5 0.5 13.5 0.3 9.3 Europe Preliminary 1260.3 0.7 9.9373 words
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Article471 2013-07-26 36 Jul 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.944 5.619 0.692 7.105 53.971 94.058 0.916 10.226 2.928 1.142 92.455 39.704 1.160 8.945 0.857 27.430 28.442 0.595 0.916 Canada 1.060 5.955471 words
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Article51 2013-07-26 36 Jul 25 (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$) 1 mth 1 mth 2 mths 0.***** 3 mths 9 mths 12 mths 9 mths Source: Thomson51 words
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Article90 2013-07-26 36 Jul 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.26 6-Month BS*****N 24-Jan-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.04 5-Year N*****0T 0.5 01-Apr-18 98.2690 words
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Article136 2013-07-26 36 Jul 25 GOLD(US$/oz) Jul 24 Jul 25 Hong Kong 1352.60 1329.90 Jul 23 Jul 24 London 1334.06 1332.15 1334.99 1333.15 Source: Thomson Reuters CAST BAR Jul 25 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121 54 5gm 344 269 10gm 614 538136 words
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Article57 2013-07-26 36 Jul 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 13 2305.0 2310.0 2310.0 2241.0 584 2782 Sep 13 2246.0 2254.0 2256.0 2188.0 6173 ***** Oct 13 2212.0 2222.0 2224.0 2151.0 ***** ***** Nov 13 2206.0 2215.057 words
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Article155 2013-07-26 36 Jul 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1597 1.1608 0.9156 0.9161 Canadian dollar 1.2290 1.2301 0.9708 0.9703 Euro 1.6756 1.6766 1.3229 1.3232 NZ dollar 1.0154 1.0165 0.8017 0.8022 Sterling pound 1.9479 1.9489 1.5379 1.5381155 words
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Article109 2013-07-26 36 Jul 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 13 1392.50 1462.50 1466.25 1392.50 Sep 13 1301.75 1324.00 1332.00 1297.25 Nov 13 1256.75 1260.25 1270.75 1253.00 Jan 14 1261.00 1265.00 1274.50 1257.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 13109 words
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Article95 2013-07-26 36 Jul 24 COCOA (£/tonne) Close Prev High Low Sep 13 1595 1598 1603 1571 Dec 13 1588 1589 1594 1562 Mar 14 1575 1574 1581 1550 May 14 1577 1574 1579 1549 COFFEE(US$/tonne) Close Prev High Low Jul 13 1870 1905 1870 1870 Sep 13 1896 1931 1931 188095 words
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1081 2013-07-26 36 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 0.4 1 123 1213 23.50 10 Acma Ltd. W*****6 Price Prem Disc AlliedTech W*****2 Expiry Gear- Mths Ascendas Reit MB ECW*****3 Asia-Pacific Strategic W*****61,081 words
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Article70 2013-07-26 36 CRUDE OIL PRODUCTS Jul 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.54 -1.01 WTI (Near Mth) 105.12 -2.14 Dubai (1-Mth F) 103.99 0.26 Tapis blend 114.85 0.24 Minas 107.95 -0.06 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.94 0.11 Jet Kerosene 122.49 0.09 US$/barrel OpecOil Basket70 words
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Article22 2013-07-26 36 Jul 25 S$ Bid Offer 1-month 1.2666 1.2671 2-months 1.2666 1.2671 3-months 1.2665 1.2664 6-months 1.2666 1.2674 Source: OCBC22 words
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Article65 2013-07-26 36 Jul-24 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1805.25 1800.25 3 months 1851.00 1845.50 Copper, Grade A(US$/tonne) Cash 7040.00 7023.00 3 months 7055.00 7039.00 Lead(US$/tonne) Cash 2055.50 2042.50 3 months 2065.00 2055.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00 3 months *****.0065 words
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Article121 2013-07-26 36 As at 9am Jul 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.187 1.131 Can dollar 1.253 1.205 Euro 1.712 1.631 Sterling pound 1.979 1.903 NZ dollar 1.034 0.995 US dollar 1.294 1.233 Local dollars to 100 units of foreign121 words
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Article157 2013-07-26 36 Jul 25 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ 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 12157 words
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executive lifestyle
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Article, Illustration2160 2013-07-26 37 TAN TECK HENG - The local extreme sports scene goes over the top as PMEBs take on punishing challenges, reports TAN TECK HENG TAN TECK HENG WHAT was going through Bryan Woon’s head when he picked up chessboxing? Was life too easy for the London-based banker? Does he play better chess afterPHOTO: JOHN HENG; PHOTOS: VANDA SPORTS GROUP, METASPORT, BENN NG - 2,160 words
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CINEMA
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Article, Illustration564 2013-07-26 38 GEOFFREY EU - By GEOFFREY EU FANS of that increasingly rare cinematic species the dialogue-driven romance will be pleased by the appearance of Before Midnight, the third in an all-talk series by Richard Linklater about an ev-er-evolving relationship between an American writer and a spirited Frenchwoman. Linklater isPHOTOS: AFP, SHAW - 564 words
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Article, Illustration629 2013-07-26 38 DYLAN TAN - Hugh Jackman’s Wolverine will shred Iron Man 3 at the box office, writesDYLAN DYLAN TAN WHO doesn’t love Wolverine with his everyday jeans-and-T -shirt workman fashion sense and enviable bad-boy rock-star mutton chops facial hair? The same probably can be said for the always charmingPHOTOS: STWENTIETH CENTURY FOX - 629 words
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Article, Illustration502 2013-07-26 38 DYLAN TAN - By DYLAN TAN WHEN Pang Ho Cheung gave Hong Kong-Mainland-Chinese co-produc-tions the finger with his too-crass-for-China comedy Vulgaria last year, the film not only became his highest-grossing movie but it also made the ex-indie filmmaker a new poster boy for Hong Kong cinema.PHOTO: SHAW - 502 words
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MUSIC/ARTS
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Article, Illustration819 2013-07-26 39 NATALIE KOH - By NATALIE KOH IT’S hard to find someone who doesn’t recognise the signature tune of The Phantom of the Opera. But the second the orchestra strikes up that first note of the Overture, it really doesn’t matter howPHOTOS: PHANTOM OF THE OPERA - 819 words
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Article, Illustration659 2013-07-26 39 TAY SUAN CHIANG - By TAY SUAN CHIANG THEY say change is the only constant, and this could not be more true for Singapore. Last month, the Queenstown cinema and bowling centre were demolished. Built in 1977, the abandoned building was once a landmark structure in the neighbourhood. It isPHOTOS: CRAIG MCTURK - 659 words
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Article, Illustration836 2013-07-26 39 HELMI YUSOF - Iskandar Ismail, whose music was synonymous with almost every National Day and Chingay parades, held court at a special celebration of his works, writes HELMI YUSOF HELMI YUSOF IT was really when the old photos of musician Iskandar Ismail began appearing on the projection screen thatPHOTOS: ISKANDAR MIRZA ISMAIL - 836 words
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ARTS
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Article, Illustration1016 2013-07-26 40 HELMI YUSOF - Shun-kin, a bittersweet love story and the first of three theatrical blockbusters at the Esplanade, opens next month, writesHELMI HELMI YUSOF IN 1933, one of Japan’s most celebrated writers Jun’ichiro Tanizaki published two works. The first was A Portrait Of Shunkin, which tellsPHOTOS: ESPLANADE, SIMON MCBURNEY - 1,016 words
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Article, Illustration223 2013-07-26 40 Helmi Yusof - coffee.– By Helmi Yusof ESPLANADE, recognised today as the premier arts centre of Singapore, has come a long way from being derided 10 years ago for its unusual architecture and its supposedly extravagant $600 million price tag. Today, a new book that charts its223 words
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Around Town
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Article130 2013-07-26 40 Ballet Under The Stars: The popular event by Singapore Dance Theatre’s returns with the beloved Giselle, which tells of the story of the doomed romance between a peasant protagonist and a nobleman. July 26-28 at 7.30pm at Fort Canning Park. Tickets at $25 from Sistic >ArtS in the City:130 words
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Article, Illustration158 2013-07-26 40 In the Curve of the Wanton Sea: Seven well-known Singapore artists from various disciplines came together to create The Seven-Headed Dragon art collective. Their first performance is a theatrical piece titled In the Curve of the Wanton Sea which centres on two voyagers from an ancient time searching forFILE PHOTO - 158 words
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Article132 2013-07-26 40 A Kindred Spirit: Some of the most talented young musicians in this country come together to perform for the Singapore National Youth Orchestra. Tonight, it will perform Benjamin Britten’s The Young Person’s Guide to the Orchestra and Dimitri Shostakovich’s Fifth Symphony under the baton of guest conductor Richard Chester.132 words
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Article60 2013-07-26 40 Springsteen and I: A rockumentary homage to Bruce Springsteen, created by The Boss’ fans, as they share how his music became the soundtrack of their lives. Also featuring previously unseen concert footage. This is your last chance to catch Springsteen and I on the big screen. 9.15pm, Lido. Tickets60 words
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Article, Illustration917 2013-07-26 41 CHEAH UI-HOON - Conceptual artist Heman Chong takes up to 10 years for a project, and juggles as many as 25 projects simultaneously, writesCHEAH UI-HOON CHEAH UI-HOON WHEN some of your art work takes 10 years give or take to complete, you had better be a patient person. This on917 words
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Article, Illustration629 2013-07-26 41 CHEAH UI-HOON - By CHEAH UI-HOON CULTURAL Medallion winner Hong Zhu An had always known what he was striving for in his art work, but he now feels that he’s finally perfected his quest. “I knew what I wanted to express, but I couldn’t do it yet. Twenty years ago,PHOTO: PRIVATE MUSEUM - 629 words
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WINE
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Article, Illustration923 2013-07-26 42 NK YONG - Better wine-making throughout the 1990s vintages result in its standout tastes, writes NK YONG NK YONG THE decade of the 1980s heralded the beginning of the internationalisation of the Bordeaux market. It was appropriately kicked off by the 1982, a vintage that overnight acquired star-qualityPHOTOS: NK YONG - 923 words
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Page 37 Advertisements
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Advertisement11 2013-07-26 37 MUSIC Celebrating the life and music of Iskandar Ismail PAGE 3911 words
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Page 38 Advertisements
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Advertisement17 2013-07-26 38 BEAUTY TIPS FOR INDIAN SKIN EATING TO WIN AT LITTLE INDIA FOOD FESTIVAL GET YOUR COPY TODAY17 words
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Advertisement174 2013-07-26 38 One of the LARGEST Investment Fairs in Town! Discover the Wealth Of Investment Opportunities! EVENT HIGHLIGHTS Panel Discussion on Market Outlook (In English and Mandarin) Over 40 FREE Investment Seminars Attend Educational Workshops by International Investment Gurus Keynote Presentations by Popular Investment Speakers Dr. Alexander Elder Best-selling Author Discover the174 words
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Page 39 Advertisements
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Advertisement44 2013-07-26 39 The Phantom of the Opera runs until Sept 1 at The MasterCard Theatre at Marina Bay Sands. Tickets at $55, $95, $125, $145, $165 $230, available at the Marina Bay Sands Box Offices, via phone at 6688 8826, or through www. MarinaBay Sands. com/Ticketing44 words
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Advertisement97 2013-07-26 39 Charity sales of the book Ismail Iskandar: The Music Man is now available at $200. Proceeds will go to The Business Times Budding Artists Fund and the Assisi Hospice. Call 6513-3014 for enquiries. Subsequently, the book will be available at major bookstores at a yet-to-be-announced retail price. Also, a hand97 words
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Page 40 Advertisements
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Advertisement72 2013-07-26 40 Shun-kin plays at Esplanade Theatre for three performances only: Aug 30 at 8pm, and Aug 31 at 3pm and 8pm. Ticket from $38 to $108 from Sistic. Recommended for audiences aged 17 and above due to mature content (sex and violence). Performed in Japanese with English surtitles. Patrons who require72 words
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Page 40 Miscellaneous
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Miscellaneous341 2013-07-26 40 CRYPTIC CROSSWORD Across 3 Small convenient drink (6) 6 Ostentation shown by British page (4) 8 Crew perhaps get tips from Oxford, Cambridge teams entering Thames (5) 9 Star Scottish footballer gets red card (3,2,6) 10 Olympic winner to catch impressionist (5) 11 Former wife’s custom is being sent abroad341 words
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Page 41 Advertisements
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Advertisement61 2013-07-26 41 The Limitless Void will be on show from Aug 2 Sept 29, at The Private Museum, #02-06, 51 Waterloo Street. There will be an artist’s talk Aug 3 at the gallery. Gallery hours are from 10am to 7pm, Mon to Fri; and 11am-5pm on Sat and Sun. Public Holidays and61 words
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Advertisement548 2013-07-26 41 “The Part In The Story Where We Lost Count Of The Days (2)” will run from tonight until Aug 31, at Future Perfect, 47 Malan Road #01-22. There will be a discussion with the artist and art critic/writer David Teh tomorrow, July 27, from 3-4pm at the Gallery. Gallery hours548 words
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Page 42 Advertisements
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Advertisement756 2013-07-26 42 ZEISS Progressive Individuals Leading by example In the second of a three-part series on ZEISS Progressive Individuals, a renowned dental specialist shares his formula for progress and success. also regularly conducts lectures and workshops around the world. Some of his students have gone on to set up their own microsurgery756 words
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