The Business Times, 5 August 2013

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Total Pages: 28
1 28 The Business Times
  • 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 Monday, August 5, 2013
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  • 726 1  -  Buyer is Indonesian private equity player Northstar By FELDA CHAY [SINGAPORE] The Republic’s biggest real estate agency ERA Realty Network has been sold for over $100 million to Indonesian private equity firm Northstar Group, months after owner Harry Chua put it on the market.
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,254.13 +18.03 KL COMP 1,782.51 -25.10 NIKKEI 225 14,466.16 +336.18 HANG SENG 22,190.97 +222.02 SET INDEX 1,420.94 -55.77 JAKARTA COMP 4,640.78 -18.09 MANILA COMP 6,533.95 -229.67 SEOUL COMP 1,923.38 +12.57 SHENZHEN B 783.70 +14.79 MUMBAI IND 19,164.02 -584.17 DOW 15,658.36 +99.53 NASDAQ 3,689.59 +76.43 S&P
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    • 21 1 SINGAPORE 5.38 HONG KONG 6.55 INDONESIA 5.00 INDONESIA 13.416 TAIWAN 5.036 JAPAN CANADA KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.276 (US$/S$ per 1.514 1.932 EURO (US$/S$/E) 1.322 1.687 Foreign currency per US$ S$ YEN 99.60 78.00 RM 3.257 2.552 HK$ 7.756 6.077 BAHT 31.39 24.59 RUPIAH 10,283 8,057 RENMINBI 6.130 4.803 INDIAN RUPEE 60.73 47.58 A$ 1.123 0.880 NZ$ 1.271 0.996
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  • 971 1  -  Exports, tourism, property market will be affected most: economists By KELLY TAY [SINGAPORE] With Singapore’s growth so closely tied to China’s economy, even the slightest slowdown in the East Asian giant is bound to be felt here and one dominant view is
    Sources: CEIC, Bloomberg, ABS, China Statistical Yearbook, IMF IFS, UNCTAD and Nomura Global Economics  -  971 words
  • Page 1 Advertisements
    • 228 1 DINING OUT Jamie Oliver’s easy Italian PAGE 21 COMMENTARY Winning with the Borders gambit PAGE 5 YOUNG INVESTORS’ FORUM Industrial stocks and the Asian growth story PAGE 9 VIEWS FROM THE TOP The Land of the Rising Sun beckons PAGES 10-11 BT WEBSITES For breaking news, go to businesstimes.com.sg. For
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  • TOP STORIES
    • 1143 2  -  Investors expected to stay in equities but markets already priced for best-case By NEIL BEHRMANN in London GLOBAL stock markets appear to be fully valued unless profits surge in the coming 12 months. Wall Street, the global bellwether, is now 156 per
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    • 497 2 ERA Realty sold for over $100m SINGAPORE’S biggest real estate agency ERA Realty Network has been sold for over $100 million to Indonesian private equity firm Northstar Group, months after owner Harry Chua put it on the market. The price is, however, shy of the $150 million that
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    • 657 2  -  By JUNE LEE AFTER a week of tasting and deliberation, judges at the Business Times Wine Challenge 2013 have selected their top 50 wines. The prestigious shortlist comprises 15 labels from the New World, including Australia, New Zealand, the US
      PHOTOS: LEON KONG@PHOTOGRAPHY  -  657 words
    • 629 2 Cuts in bellwethers outlooks raise fears about Q3, Q4 WALL STREET INSIGHT Reuters [NEW YORK] With earnings season winding down and the employment report out of the way, the US stock market is likely to shift into a lower gear this week. The
      Reuters; PHOTO: AP  -  629 words
    • 728 4  -  In rejigging Asian flights, it has upped capacity into Singapore by 40% By LIVIA YAP [SINGAPORE] Qantas has reaffirmed its commitment to Singapore by continuing to boost capacity and product offerings here, even as it grows its international business with its new tie-up
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    • 18 4 Branchen Stars R1C-A 29/07/2013 189,41 EUR I db X-MACRO Trading Index Fund I4D 25/07/2013 87,87 GBP
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    • 528 4  -  S’pore businesses should focus on China’s restructuring By KELLY TAY [SINGAPORE] Instead of fretting about the planned deceleration of China’s economy, experts say businesses here are better off taking a longer-term view, and tracking the outcome of the new administration’s ambitious restructuring
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  • Page 3 Advertisements
    • 104 3 ft -V I l4 h r S ■> m r <' -.,>• fesii >- I# r« 'V. >■;/:■•■ *>A mm v ■V 11 LOVE sculpture by Robert Indiana meets Le Nouvel Ardmore by Jean Nouvel. Living Art, Living Heritage Does art imitate life? Or life, art? We like to think
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  • Page 4 Advertisements
    • 255 4 Never Hit Another The Road STCars is now available on Android, iPad iPhone for FREE! :V8%|i 4 Volkswagen Beetle 1.2 TSI (A) P,ic *168,300 Eng Cap. I.197 cc Power 105/- bhp/ipm 'VP® Hatchback Volkswagen CrossPolo 1.2 TSI (A) Price *159.800 Eng Cap. 1,197 cc Power 10$/- bhp/tpm Volkswagen Eos 2,0
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  • COMPANY NEWS
    • 971 5  -  HOCK LOCK SIEW By CAI HAOXIANG THE news that Popular Holdings is resurrecting the Borders brand in Jurong’s upcoming Westgate mall has evoked mixed views among book lovers and investors. While book lovers may cheer the return of a much-loved hangout, the market is sceptical
      FILE PHOTO  -  971 words
    • 271 5 Aug 2 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia ...6.00 Bank of China Limited ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 Barclays Bank
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    • 179 5 COMPANY MEETING PLACE DATE TIME Beng Kuang E 55 Shipyard Road 07-Aug 10.00am China Animal S Rendezvous Grand Hotel Singapore Straits Ballroom 2 Level 2 9 Bras Basah Road 12-Aug 10.00am China Int'l Hldgs S Marquis Room Level 2 Copthorne King's Hotel 403 Havelock Road 12-Aug 9.30am Hengyang
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    • 1531 7  -  Buyback activity among listed companies fell for the third straight week, reports ROBERT HALILI INSIDE MARKETS reports ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying was low for the second straight week while the selling among directors was low for the ninth
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  • Page 5 Advertisements
    • 103 5 Confidence to expand That’s what participants in international commerce can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Companies deing business around the world partner with us to manage virtually every kind of risk. Changing currency valuations, energy costs,
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  • SINGAPORE MARKETS
    • 693 6  -  STOCKS R SIVANITHY Senior Correspondent AFTER last week’s raft of US economic reports, traders and analysts will enjoy a bit of a breather this week as there are not many key releases on the calendar, at least not in the early part. So volatility should
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    • 495 6 CURRENCIES Bloomberg [NEW YORK] The US dollar rallied last week as a weaker-than-forecast unemployment report and the Federal Reserve’s pledge to keep buying bonds failed to erase speculation that policymakers will begin winding down the programme this year. The Bloomberg US
      Bloomberg  -  495 words
    • 1434 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 4 9.43 16.55 1.77 1.56 Amtek Engineering Ltd 3.33 3.33 3 0.05 7.19 0.55 0.47 ARA Asset Management Ltd 2.57
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    • 4 6 WEEKLY
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    • 73 6 Aug 2 VALUE CLOSE BT OB/OS -151.00 +27.00 BT CADI -*****.00 -33.00 BT 10-day MA -*****.00 -15.00 FTSE ST Mid Cap 763.16 -2.80 FTSE ST Small Cap 567.52 -2.54 FTSE ST All Share 794.70 +1.28 FTSE ST China Top 203.34 +0.64 FTSE ST China 234.59 +2.39 FTSE
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    • 57 6 VOLUME HanKore 1,038,087,000 Golden Agri 517,261,000 FreightLinks 435,684,000 M Devt 310,249,000 SingHaiyi 286,727,000 Innopac 266,030,000 Albedo 260,710,000 Oceanus 245,616,000 Rex Intl 226,264,000 Memstar 221,086,000 VALUE($) DBS Grp 440,791,902 SingTel 376,399,598 Golden Agri 273,443,535 Keppel Corp 253,540,890 OCBC Bk 218,882,870 UOB 194,791,440 CapitaLand 164,406,385 Noble Grp 143,918,930 HPH
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    • 530 6 COM MO DITIES AFP [LONDON] Oil and base metal prices gained last week as positive US and Chinese economic data fuelled higher demand expectations, according to analysts. Prices lost some of the gains late on, however, after official figures last Friday revealed
      AFP  -  530 words
    • 116 6 BY CENTS CLOSE UP STXPO 100 315 105.0 50.0 DBXT E50 10US$ 4462 99.5 1.8 Jardine C&C 4175 94.0 2.3 DBXT FTVietnam 10US$ 2276 75.3 2.7 DBS Grp 1754 74.0 4.4 UOB 5.05%NCPS 100 ***** 50.0 0.5 DBS Bk 4.7% NCPS 100 ***** 46.0 0.4 Hyflux 6% CPS 10
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    • 131 6 BY CENTS CLOSE DOWN DBXT USDIGInfl 5US$ ***** -2263.0 -6.3 Lyxor ThaiSET 10US$ ***** -1394.0 -8.0 DBXT Nifty 10US$ 9581 -1238.0 -9.2 GLD 10US$ ***** -514.3 -3.1 JMH 5257 -303.7 -4.3 DBXT MSTHAI 10US$ 1990 -204.2 -7.4 DBXT DBCBDJUBS 10US$ 2890 -145.5 -3.8 JSH 3347 -144.2 -3.3 DBXT MSJAP
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    • 5 6 WEEKLY
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  • Page 7 Advertisements
    • 96 7 ALMATY Beijing Seoul Hong Kong Bangkok\ V M Ho Chi Minh Kuala Lumpur Beijing Almaty 5 times a week Kuala Lumpur Almaty 3 times a week Bangkok Almaty 7 times a week Seoul Almaty 2 times a week Ho Chi Minh Almaty 2 times a week Hong Kong Almaty jJs
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    • 137 7 Special Anniversary Issue H O M E D E C O R C E L E B R A T E S I T S 2 5 T H B I R T H D A Y IN THIS ISSUE We feature the people, places, objects and inspirations we love!
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  • SINGAPORE NEWS
    • 965 8  -  The oil and gas start-up is looking to become a niche player in a specialised field By ANNABETH LEOW HEN oil and gas consultancy ROS Engineering set up shop last July, it was with little input from nine-year-old holding company Rotating Offshore Solutions. The
      PHOTO: YEN MENG JIIN  -  965 words
    • 1331 8 Payment Ex Rec Pay Ann (cts) date date date date AIMS AMP Capital Ind REIT ct 1.650 02-Aug 06-Aug 20-Sep 25-Jul Ascott Residence Trust ag 4.081 29-Jul 31-Jul 28-Aug 23-Jul A-Sonic Aerospace aw 0.170 30-Aug 03-Sep 17-Sep 16-May Ban Leong Tech ak 1.100 31-Jul 02-Aug 14-Aug 30-May Biosensors
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    • 95 8 OVER 12,000 visitors went to this year’s INVEST Fair, which was held at the Suntec Singapore Convention Exhibition Centre from Friday to Sunday. This year’s event featured over 50 seminars, and showcased products and services from leading financial service providers and educators. Visitors also got
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    • 1389 8  -  By FELDA CHAY IN a small, unventilated room, two-year-old Jeannie sat accompanying her elder brother, who was weak in bed from typhoid fever. The toddler was the only one by her dying brother’s bedside. It was 1942, the World
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  • Page 8 Advertisements
    • 89 8 On Oct 3 this year, The Business Times, The Arts House and CHIJ (Kellock) will take about 1,400 needy children to Universal Studios Singapore to celebrate Children’s Day, which takes place on Oct 4. Funds are now being raised for the event, called Children for Children. The fundraising effort will
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1584 9  -  There are 267 industrial stocks listed on SGX which will benefit from the Asian growth story, reportsGEOFF GEOFF HOWIE The writer is SGX’s market strategist THE South-east Asian economic growth story pulls a lot of interest for young investors. Five of our regional neighbours: Indonesia,
      PHOTO: AFP; Source: Bloomberg (data as of July 30,2013)  -  1,584 words
  • Page 9 Advertisements
    • 156 9 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • VIEWS FROM THE TOP
    • 3124 10 THIS WEEK’S TOPIC Is Abenomics working for Japan? What opportunities can it open up for companies in Singapore and the region? Magnus Böcker CEO SGX WE are excited about some of the developments in Japan for three reasons: First, there is a chance the Japanese
      PHOTO: REUTERS  -  3,124 words

  • Page 11 Advertisements
    • 329 11 wm w..» 7n i Under the new Total Debt Servicing Ratio (TDSR) Framework by MAS, the property landscape is getting more challenging For property buyers. What strategies and options do you have to overcome this new challenging situation? Let our distinguished panel oF experts at STProperty Seminar share their viewpoints
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    • 11 11 A full list of views from CEOs is available at http://businesstimes.com.sg
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  • MALAYSIA
    • 1134 12  -  BFM 89.9 is all about serious content with eclectic music thrown in By in S JAYASANKARAN in Kuala Lumpur SOMETIME in 2008, Malek Ali invited his friend Tong Kooi Ong, a millionaire entrepreneur who owns, among other things, the Edge Media Group, to
      FILE PHOTO  -  1,134 words
    • 1438 12 VOL Aug 2 RM +/-(‘000) Abric Bhd ('000) Advance Synerg 0.15 0.01 94 Adventa Bhd -0.02 Ae Multi Hldgs 0.20 -0.01 408 Affin Holdings 4.19 -0.07 204 Ahmad Zaki Res 1.02 -0.01 574 Airasia Bhd 3.16 0.03 ***** Alliance Finan Advance Synerg Aluminium Co 0.69 -0.01 4 Amalgamated
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  • Page 12 Advertisements
    • 1441 12 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices POPULAR HOLDINGS LIMITED {Company Registration No. *****7187M) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 20 Old Toh Tuck Road, Singapore *****5 on Thursday, 22 August
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  • GREATER CHINA
    • 795 13 Many prefer other potentially more glamorous career opportunities Reuters [HONG KONG] Dai Yintao, 21, is the only son of the millionaire owner of Chinese real estate, pharmaceutical and mining companies. He has no interest in taking over his father’s business, opting instead to work on
      Reuters; PHOTO: AFP  -  795 words
    • 616 13 Botulism-causing bacteria found in some dairy products Reuters [WELLINGTON] China has halted imports of all milk powder from New Zealand and Australia, New Zealand’s trade minister said yesterday, after bacteria that can cause botulism found in some dairy products raised food safety concerns that
      Reuters; PHOTO: REUTERS  -  616 words
    • 550 13 Reuters [BEIJING] China’s central bank has promised to improve its communication with investors to keep market liquidity and interest rates stable, in an oblique reference to the country’s unprecedented cash crunch in June. Reiterating that China’s monetary policy would remain prudent, the People’s
      Reuters  -  550 words
    • 406 13 NYT [SHANGHAI] To begin to comprehend China’s vast underground economy, one need only visit this city’s major transportation depots and watch as peddlers openly hawk fake receipts. “Receipts! Receipts!” calls out a woman in her 30s to passers-by as her two
      NYT  -  406 words
  • Page 13 Advertisements
    • 1169 13 m WATS NOTICES POPULAR HOLDINGS LIMITED (Company Registration No. *****7187M) (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of Popular Holdings Limited (the "Company") will be held on 22 August 2013 at 20 Old Toh Tuck Road Singapore *****5 at
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  • INDIA
    • 883 14 Constant changes in rules of engagement spook global investors IFR [SINGAPORE] When Palaniappan Chidambaram took over as Finance Minister of India exactly a year ago, he would not have expected that his efforts to open doors for foreign investors would end up highlighting
      IFR; PHOTO: AFP  -  883 words
    • 668 14 NSEL broke rules when it stretched settlement dates Bloom berg [MUMBAI] Indian brokers said that a lack of oversight allowed the nation’s biggest spot commodity exchange to stretch settlement dates, prompting a government clampdown that sparked a two-day, 73 per
      Bloomberg  -  668 words
    • 230 14 Reuters [NEW DELHI] Vodafone Group Plc may be forced to sell its 4.4 per cent stake in India’s top telecom services provider Bharti Airtel Ltd worth about US$1 billion after rules published on Friday outlawed crossholdings in rival telecom companies. Under
      Reuters; PHOTO: REUTERS  -  230 words
    • 540 14 Bloomberg [MUMBAI] India eased requirements for foreign retailers to invest in local supermarkets to lure global chains such as Walmart Stores Inc and Tesco plc to open stores in Asia’s third-biggest economy. Rules covering sourcing, infrastructure investment and store location have been
      Bloomberg  -  540 words
  • Page 14 Advertisements
    • 17 14 www.omy.sg GO Stem 'Jigs ■c o omy News Google Play O o omy Showbiz iOS Google Play
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    • 91 14 You’ve shared with us what gorgeous means to you, Now, it’s time to show us who’s gorgeous heeause our annual SO Gorgeous People is back. AND WE WANT TO HEAR FROM YOU Sign yourself up or nominate someone at femalemag.com. sg/ gorgeouspeople2013. You can also snap and upload a picture
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  • ECONOMY WATCH
    • 923 15 Cuts in domestic and military spending add to the hangover from financial crisis NYT [WASHINGTON] The number of federal workers forced to work shorter hours soared this summer –to 199,000 in July, from 55,000 a year earlier in a sign of the problems that
      NYT; PHOTO: BLOOMBERG  -  923 words
    • 602 15 AFP [WASHINGTON] In the US Senate’s final session last week before a long summer recess, Republican Marco Rubio said simply: “I object.” With those two words, he prevented lawmakers from finalising a federal budget the 18th time Republicans have done so this year and
      AFP  -  602 words
    • 768 15 Fed should continue bond buying with inflation still low Bloomberg [ATLANTA] Federal Reserve Bank of St Louis president James Bullard, who backed last week’s Fed decision to continue bond buying, said the Fed should wait for evidence that the labour market
      Bloomberg; PHOTO: REUTERS  -  768 words
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  • WORLD
    • 545 16 Anticompetitive behaviour in connection with pricing alleged Re uters Bloomberg [LONDON] The London Metal Exchange (LME) and US bank Goldman Sachs Group Inc have been named as co-defendants in a US class-action lawsuit about aluminium storage, Hong Kong Exchanges and Clearing Ltd
      Reuters; Bloomberg; PHOTO: BLOOMBERG  -  545 words
    • 455 16 AP [LONDON] HSBC bank has told dozens of foreign missions in London that it will close their bank accounts, an official said yesterday, news that has sent diplomats across the capital scrambling to find a new place to put their money. Bernard Silver, an
      AP  -  455 words
    • 343 16 NYT [NEW YORK] Newsweek, the once venerable 80-year-old weekly magazine that suffered a precipitous decline in recent years, has been bought by the digital news company International Business Times for an undisclosed amount. The announcement, which was first reported by The Hollywood
      NYT  -  343 words
    • 268 16 Bloomberg [NEW YORK] Morgan Stanley and Citigroup Inc said they’re cooperating with the US Department of Justice’s four-year-old antitrust probe into the credit-default swaps market. The two firms were among more than a dozen financial institutions accused by the European Union last month
      Bloomberg  -  268 words
    • 623 17 Reuters [NEW YORK] Warren Buffett’s Berkshire Hathaway Inc said second-quarter profit rose 46 per cent, boosted by improved demand in such businesses as car insurance, energy and railroads, as well as gains from investments and derivatives. Operating results topped analyst forecasts, reflecting
      Reuters  -  623 words
    • 715 17 Govt-backed growth in pension funds set to drain money pool Reuters [SYDNEY] The “boring is beautiful” model that made Australia’s banks among the most profitable in the world is in jeopardy, as gov-ernment-backed growth in pension funds is set to drain the money pool available
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    • 975 17  -  Markets looking for clues if bank will continue ‘financing’ economic reforms By ANTHONY ROWLEY in Tokyo THE Bank of Japan’s Policy Board meeting scheduled for Wednesday and Thursday will be watched closely by financial markets for clues as to whether the
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    • 766 17 Bloomb erg [CANBERRA] Australian Prime Minister Kevin Rudd called an election for Sept 7, saying the five-week campaign will centre on management of the economy as a Chi-na-driven resources boom wanes. “Who do you best trust to manage a very profound economic transition,” Mr
      Bloomberg; PHOTO: BLOOMBERG  -  766 words
    • 880 18 Ageing, fertility rates and migration make for policy headaches Reuters [LONDON] Slowly but unsurely, Europe is facing up to population trends that will sap long-run economic growth and force nations to choose between cutting pensions and welfare benefits or paying higher taxes to maintain
      Reuters; PHOTO: REUTERS  -  880 words
    • 386 18 Bloomberg [RIO DE JANEIRO] Organisers of the 2016 Rio de Janeiro Olympic Games say they may need to tap a US$700 million contingency fund from Brazil’s government to cover a shortfall. Leo Gryner, chief operating officer at the local organising committee,
      Bloomberg  -  386 words
    • 161 18 Reuters [NEW YORK] The Weinstein Co has held preliminary talks with Miramax Co about a possible deal that could create one of the most powerful independent film players, The Wall Street Journal reported. A deal would reunite Weinstein brothers Harvey and Bob with Miramax, a
      Reuters  -  161 words
    • 852 18 Rise of the AMCU could endanger position of the ANC [JOHANNESBURG] A militant South African labour union has wrested majority control at the world’s richest platinum mines, shaking up the industry and potentially boding ill for the ruling ANC, analysts
      PHOTO: AFP  -  852 words
    • 621 18 BOE sees deficit of £29b when new EU rules are applied Reu ters [LONDON] Foreign investment banks in Britain face a shortfall of up to £29 billion (S$56 billion) to meet new EU capital rules aimed at shielding taxpayers from having to rescue
      Reuters  -  621 words
    • 1048 19 They manipulated the ISDAfix, a benchmark for interest-rate derivatives, probe finds Bloomberg [NEW YORK] US investigators have uncovered evidence that banks reaped millions of dollars in trading profits at the expense of companies and pension funds by manipulating a benchmark for interest-rate derivatives.
      Bloomberg  -  1,048 words
    • 661 19 Reuters [LONDON] New Zealander Ross McEwan shocked Royal Bank of Scotland investors in March with a blunt message in his first presentation in London: There are no good British banks. RBS had hired Mr McEwan to shake up retail banking and neither he
      Reuters; PHOTOS: BLOOMBERG, AFP/ROYAL BANK OF SCOTLAND/HO  -  661 words
    • 596 19 Red Sox owner to pay US$70m in cash for the Globe Reuters [NEW YORK] The New York Times Co has agreed to sell The Boston Globe to the principal owner of the Boston Red Sox baseball team for US$70 million in cash, a small
      Reuters; PHOTO: REUTERS  -  596 words
    • 430 19 Germany could quit talks if deadline is inflexible: regulator Reuters [FRANKFURT] Germany could quit talks on new risk rules for Europe’s insurance industry if regulators try to impose a “one size fits all” deadline for insurers to adapt to them, a senior official
      Reuters  -  430 words
    • 337 19 Reuters [LONDON] Britain’s governing Conservative Party has hired US President Barack Obama’s former campaign manager as part of its election team ahead of polls due in less than two years, the party said. Jim Messina, a lifelong Democrat, is the latest
      Reuters  -  337 words
  • Page 16 Advertisements
    • 1099 16 WATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices ZHONGMIN BAIHUI RETAIL GROUP LTD. (Company Registration No. *****1929C) (Incorporated in the Republic of Singapore on 17 September 2004) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of Zhongmin Baihui Retail Group Ltd. (the
      1,099 words
    • 381 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF 1) BOUSTEAD SOLUTIONS PTE LTD Co. Reg. No. *****7971C 2) PROGRESSIVE WATER SOLUTIONS PTE. LTD CO. REG. NO. *****5131W 3) WIN (SINGAPORE) PRIVATE LIMITED Co. Reg. No. *****4429E 4) BILZ VIBRATION TECHNOLOGY (S) PTE. LTD. Co.
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    • 261 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MATTERHORN ADVISORY SINGAPORE PTE LTD (Co. Registration No. *****5315H) (IN MEMBERS’ VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
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    • 44 16 rq: rr < rTT5 n U, 'n ~> s rJ -J ~> s v_' FIND THE ONES -THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. Tjrtf 7 L U n j I I RECRUIT ri mi V
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  • AVIATION/SHIPPING
    • 1688 20 New business-class seat can withstand shocks 16 times the force of gravity NYT [NEW YORK] In a confidential test lab in a remote office park near the Frankfurt airport, a small Lufthansa team holed up for five years, refining one of the German airline’s
      NYT; PHOTO: REUTERS  -  1,688 words
    • 870 20 AFP [COLOMBO] A US$500 million Chi-nese-built port is slated to open today in Sri Lanka, giving Beijing a vital foothold on the world’s busiest international shipping lane as it seeks to secure maritime supply routes. The massive terminal in Colombo is
      AFP  -  870 words
    • 241 20 SGX '000 Aug 2 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.25 -0.01 160 Cosco Corp 0.73 -0.02 4017 Ezra Hldgs 0.87 -0.01 1285 First Ship Lea 0.44 Freight Links 0.14 0.01 *****7 Grand Banks 0.34 0.04 6 Jaya Hold Ltd 0.25 K1Ventures 0.17 unch 665 Keppel
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  • Page 20 Advertisements
    • 128 20 SALE OF VESSEL “MT ONSYS CENTURY 1 NO SMOKING id ONSYS CENTURYX n PARTICULARS OF VESSEL Name of Vessel IMO No. Official No. Type Flag Port of Registry Call Sign Classification Location Oimensions Tonnage Built Cargo Capacity Main Engine “MT ONSYS CENTURY 1 *****77 Oouble Hull/Bottom Product Oil Tanker Malaysia,
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  • Page 20 Miscellaneous
    • 317 20 CRYPTIC CROSSWORD Across 5 Against the current new look of tempuras (8) 8 Wholly entertained by wicked song (6) 10 Is concerned about one getting tooth decay (6) 11 US lawyer wisely involved Irish actor (3-5) 12 I’m career chef, originally a product of France (5,7) 15 Drove that woman
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  • DINING OUT
    • 755 21  -  Jamie Oliver’s ‘anything goes’ style of cooking is a crowd-pleaser, writesJAIME JAIME EE NEW RESTAURANT Jamie’s Italian #01-165/167 VivoCity, 1 Harbourfront Walk Tel: 6733-5500 Open from 12pm to 10pm Sunday to Thursday (open till 11pm on Friday and Saturday) IF Gordon Ramsay could elicit such a ravenous
      PHOTOS: JAMIE’S ITALIAN, JAIME EE  -  755 words
  • Page 21 Advertisements
    • 252 21 riofrt4 j inin^or7i’4 j inin‘ij7f| riDfrt*Pinin^inin‘ iiiDfrtj i iri'*Pinin rio[rH j inin' iiiD[rt |]|i}'‘Pinin rio[rHiiofri’‘ninin tirt‘ riof7t‘P[nin4iiof7t‘Pinin iir( t7 PREMIUM MOONCAKE SELECTION Reflections Of Timeless Heritage j August to i<-) September 2013 M Savour an enthralling ensemble of luxuriously flavoured bite-size pieces of gastronomic heaven, cocooned in premium and elegant
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  • SINGAPORE STOCKS
    • 3384 22 Week ended: Aug 2 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol ('000) 188 106 AIMSAMPIReit High Low Buyer Seller Div GrYld C'vr Net 75 57 ASL Marine M
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    • 314 23 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 2.4 1.3 t Advanced System 1.6 +0.1 1900 1.6 1.5 1.4 1.5 25.4 Vol Week Last Quote Div Gr Yld Net M Cap
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    • 116 23 Stock name Close Change CapMallsAsia 2.000 +0.010 CapitaLand 3.300 +0.030 CapitaMall 2.010 -0.020 CityDev 10.750 +0.010 ComfortDelGro 1.995 -0.005 DBS Grp 17.540 +0.300 GLP 2.870 +0.010 Genting SP 1.335 -0.010 Golden Agri 0.525 HK Land 6.950 +0.200 Stock name Close Change HPH Trust US$ 0.765 +0.005
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    • 2030 23 Transaction date: Aug 2 HONG KONG Vol HK$ +/-'000 Aeon Stores '000 Angang Steel 4.74 0.13 ***** Anhui Conch Anhuiexpresswa 3.50 0.01 1901 Asia Satellite 30.90 -0.25 7 Asm Pacific 0.24 Bank Of E Asia 30.00 0.55 4621 Beida Jade Bir 0.38 0.01 214 Beijing Airpor 4.90 unch
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    • 264 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A43 +1 19 44.5 43 45 47.5 3.6 8.1 3.5 159.2 52 31 Genting HK US$ US44.5 +0.5 ***** 45 42.5 44 44.5 2930.1
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    • 186 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 6 2 0 0 0 8 6 2 Manufacturing 58 99 26 7 21 7 65 120 33 Commerce 21 37 16 4 13 2 25 50 18 Tpt/Stor/Comms 19 21 4
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    • 1011 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 115 -0.5 88 116 115 114 115 525 143 120.4 CIMB APAC Div 100S$D 134.5 +6.8 1 134.5 134.5 134.4
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    • 123 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 97,139 97,139 387,059 387,059 Manufacturing 1,813,326 254,429 2,067,755 721,957 15,498 737,455 Commerce 898,881 471,916 1,370,797 510,563 21,507 532,070 Tpt/Stor/Comms 953,626 122,460 1,076,086 898,770 46,039 944,809 Finance 360,275 127,793 488,068 975,583 59,098 1,034,681 Construction 482,711 263,904
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  • Page 23 Advertisements
    • 26 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 625 24 Aug 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.66 *****.16 *****.92 Sep13 *****.00 *****.00 *****.00 *****.00 *****9 *****3 Dec13 *****.00 *****.00 *****.00 *****.00 35 ***** MSCI TAIWAN INDEX FUTURES SPOT 284.70 288.86 284.70 Aug13 283.20 287.80 282.70 284.80 ***** *****3 Sep13 283.90
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    • 373 24 In local curr In S$ In US$ dy yr dy yr dy yr Aug 2 Index Change Change Change Change Change Change World Preliminary 1100.4 0.3 17.3 0.1 19.0 0.4 14.4 EAFE Preliminary 899.1 0.8 16.1 1.0 14.4 1.2 9.9 Europe Preliminary 1275.9 0.1 11.2
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    • 471 24 Aug 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.923 5.458 0.673 6.906 54.069 91.550 0.886 10.014 2.900 1.131 90.820 38.828 1.136 8.905 0.834 26.755 27.944 0.588 0.890 Canada 1.083 5.910
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    • 92 24 Aug 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.26 6-Month BS*****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-15 100.04 100.09 100.09 5-Year N*****0T 0.5
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    • 134 24 Aug 2 GOLD(US$/oz) Aug 01 Aug 02 Hong Kong 1327.00 1299.00 Aug 02 Aug 01 London 1312.92 1324.61 1313.79 1325.45 Source: Thomson Reuters CAST BAR Aug 02 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121 54 5gm 343 268 10gm 613 537
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    • 57 24 Aug 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 13 2300.0 2296.0 2310.0 2300.0 64 1117 Sep 13 2272.0 2276.0 2307.0 2272.0 2662 ***** Oct 13 2260.0 2258.0 2284.0 2250.0 ***** ***** Nov 13 2255.0 2255.0
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    • 155 24 Aug 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1360 1.1367 0.8902 0.8905 Canadian dollar 1.2302 1.2311 0.9644 0.9640 Euro 1.6869 1.6877 1.3219 1.3221 NZ dollar 1.0039 1.0049 0.7867 0.7872 Sterling pound 1.9312 1.9322 1.5134 1.5137
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    • 109 24 Aug 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 13 1331.00 1357.75 1370.00 1328.50 Sep 13 1212.75 1234.25 1247.75 1207.75 Nov 13 1181.50 1192.50 1208.00 1176.25 Jan 14 1187.25 1198.00 1213.25 1181.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 13
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    • 95 24 Aug 2 COCOA (£/tonne) Close Prev High Low Sep 13 1566 1575 1584 1555 Dec 13 1555 1566 1574 1544 Mar 14 1543 1556 1562 1532 May 14 1544 1556 1563 1534 COFFEE(US$/tonne) Close Prev High Low Sep 13 1881 1865 1884 1863 Nov 13 1867 1858 1873 1855
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    • 1081 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.3 -1 1114 0.0 5 -41 59 Asia-Pacific Strategic W*****6 0.1 -0.3 100 1 123 1348 85.00 9 Acma Ltd. W*****6 Exer Price Albedo Limited W*****9 Disc Ascendas
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    • 70 24 CRUDE OIL PRODUCTS Aug 01 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.22 2.02 WTI (Near Mth) 107.79 2.63 Dubai (1-Mth F) 104.32 1.65 Tapis blend 115.38 2.67 Minas 108.08 2.67 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.22 0.39 Jet Kerosene 123.05 1.57 US$/barrel OpecOil Basket
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    • 22 24 Aug 2 S$ Bid Offer 1-month 1.2761 1.2765 2-months 1.2760 1.2765 3-months 1.2752 1.2766 6-months 1.2761 1.2768 Source: OCBC
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    • 66 24 Aug-02 Aug-02 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1764.50 1766.75 3 months 1809.00 1812.00 Copper, Grade A(US$/tonne) Cash 6989.50 6990.25 3 months 7005.00 6999.00 Lead(US$/tonne) Cash 2110.00 2095.50 3 months 2121.00 2106.00 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • 49 24 Aug 2 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 1 mth 2 mths 0.***** 3 mths 9 mths 12 mths Source: Thomson Reuters
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    • 121 24 As at 9am Aug 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.166 1.111 Can dollar 1.256 1.208 Euro 1.724 1.642 Sterling pound 1.964 1.889 NZ dollar 1.031 0.992 US dollar 1.302 1.240 Local dollars to 100 units of foreign
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    • 154 24 Aug 2 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ 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 0.50 0.30 9 months 0.60 0.40 12
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  • 2536 25 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 NOU SUVA BUS
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  • Page 25 Advertisements
    • 43 25 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times
      43 words
    • 18 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
      18 words

  • Page 26 Advertisements
    • 85 26 Importers looking for Warehouse Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 Publicise Your Delivery Of Newbuilds Come publicise your Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment, Award Wins Certifications, Corporate Image, Corporate Developments
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    • 0 26 <*])`*~?]?+"$_'(>}',=|/&?(\]$:)
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  • Page 27 Advertisements
    • 124 27 FEMALE AUGUST OUT NOW IT BAG UPDATE NOVEL, FUN NO LOGOS GET RICHGIRL HAIR IT’S SUPERLONG, LOSSY 'AUTIFUL Singapore s lea gazme www. lomalomag. com tg AUG 2013 REIGN IN SINGAPORE INNOVATORS. ARTISTS COLLABORATORS FUNSTERS DOING CLEVER THINGS COOL LIKE Ti COLD SM YOU’LL 5f 85 'rdfSi! -A 5*33 f
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 956 28  -  Latest wave of tech disruption markedly different, reportsAMIT AMIT ROY CHOUDHURY Digitalisation is the single most significant factor driving business and societal change today, but the unprecedented pace of change is putting some organisations in the Asia-Pacific on the backfoot. A recent
      956 words
    • 386 28 Bloomberg [WASHINGTON] Samsung Electronics Co’s patent-in-fringement victory over Apple Inc turned hollow after President Barack Obama’s administration overturned an order barring shipments of some older iPhone models into the US. US Trade Representative Michael Froman, designated by Mr Obama to review
      Bloomberg  -  386 words
    • 905 28  -  <you say> By MEHUL KAPADIA The writer is managing director, F1 Business, Tata Communications FORMULA One is all about the drive for innovation, using the latest technologies and seamless teamwork to get that extra tenth of a second out of the team car’s
      905 words
    • 959 28  -  By ADELINE TAN THE first quarter of this year saw a significant rise in cyber attacks on Web and encrypted SSL (Secure Socket Layer) traffic, with close to 80 per cent of the attacks originating from Indonesia, according to the latest State
      959 words
    • 607 27  -  For the Net to be a free marketplace, it must be a trusted medium, says NGO By VICTORIA HO TEAR down the walls of the Internet, or risk compromising innovation and trust in cyberspace, said Rajnesh Singh, regional bureau director for Asia-Pacific at the Internet Society.
      607 words
    • 921 27  -  By ADELINE TAN ONLINE campaigns are nothing new. Yet, reports of technical difficulties can still be seen in recent times, with clever ideas to drive customer engagement and sales turning instead into frustration, probable backlash and additional costs at times for
      921 words
    • 1036 27  -  <cool stuff> By VICTORIA HO IT’S hard not to be impressed by HTC’s newest quadcore powerhouse, the Butterfly S. An update to the earlier Butterfly that was launched at end-2012, the new Butterfly S has one of the fastest processors on the market, HTC’s
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