The Business Times, 8 August 2013
This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.
2013-08-08
1
40
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section12 2013-08-08 1 THE BUSINESS TIMES www.businesstimes.com.sg THURSDAY, AUGUST 8, 2013 S$1.00 MCI (P) 085/08/201312 words
-
Article, Illustration875 2013-08-08 1 Teh Shi Ning - They are pessimistic about next six months, but less so than before, survey shows By Teh Shi Ning tshining@sph.com.sg Singapore INGAPORE’S businesses remain pessimistic about the next six months, but to a lesser degree than they had been a quarter ago. Results875 words
-
Article, Illustration858 2013-08-08 1 Annabeth Leow - By Annabeth Leow leowhma@sph.com.sg Singapore COMMITMENT to transparency and independence hallmarks of good corporate governance was resoundingly rewarded last night at the Singapore Corporate Awards (SCA). Six individuals and 27 listed companies were honoured at the SCA gala dinner, held at The Ritz-CarltonPHOTO: YEN MENG JIIN - 858 words
-
Page 1 Advertisements
-
Advertisement111 2013-08-08 1 the business www. usinesstimes.com.sg THURSDAY, EMERGING ENTERPRISE Do-good restaurant with triad name 14 CORPORATE RESULTS NOL slashes Q2 loss 8 HOUSING Ways to manage property market demand 4 Jaeger-leCoultri^ Grande Reverse Ultra Thin Duo. Jaeger-LeCoultre Calibre 854/1. Two dials driven by a single movement: for the very first time, the111 words
-
-
TOP STORIES
-
450 2013-08-08 2 Samuel Ee - Spike in prices despite higher quota size put down to competition among luxury makes By Samuel Ee samuelee@sph.com.sg Singapore COE PREMIUMS rose across the board yesterday despite an overall 8.1 per cent increase in the quota size. Some motor distributors attributed the spike to450 words
-
MARKETS
-
Article57 2013-08-08 2 GSTI 3,229.91 (+5.02) GSTI FUTURES 3,208.00 (+4.00) GSIMSCI 368.70 (+0.71) GSIMSCI FUTURES 366.20 (+0.90) Wednesday Change KL COMP 1,779.32 -5.32 NIKKEI 225 13,824.94 -576.94 HANG SENG 21,588.84 -334.86 SET 1,429.99 +0.60 JAKARTA Closed MANILA 6,420.79 +0.01 KOSPI 1,878.33 -28.29 SHENZHEN B 795.77 -1.55 MUMBAI IND 18,664.88 -68.16 10.30 EDT57 words
-
Article29 2013-08-08 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.416 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg29 words
-
Article48 2013-08-08 2 US$ S$ US$ (S$ per US$) 1.269 (US$/S$ per 1.531 1.942 EURO(US$/S$/€ 1.328 1.685 Foreign currency per US$ S$ YEN 96.90 76.40 RM 3.255 2.566 HK$ 7.756 6.114 BAHT 31.43 24.77 RUPIAH 10,285 8,108 RENMINBI 6.120 4.824 INDIAN RUPEE 61.40 48.40 A$ 1.118 0.881 NZ$ 1.267 0.99848 words
-
-
Article, Illustration884 2013-08-08 4 Mindy Tan - One suggestion is for foreigners to also seek govt permission to buy condo units By Mindy Tan tanmindy@sph.com.sg Singapore THE authors of an academic paper have backed the implementing of curbs on housing ownership and investments by permanent residents (PRs) and foreigners884 words
-
652 2013-08-08 4 Ong Chor Hao - By Ong Chor Hao ongch@sph.com.sg Singapore ONE day, your neighbour in your public housing estate may be renting his flat from or co-own-ing it with a real estate investment trust (Reit). A group of academics from the Singapore Management University (SMU) and a652 words
-
Article, Illustration715 2013-08-08 5 Felda Chay - By Felda Chay feldac@sph.com.sg Singapore SINGAPORE’S biggest real estate agency ERA Realty Network will make its presence felt on the Singapore stock market again in three years or under, said its new owner, private equity firm Northstar Group. Northstar yesterday confirmed its715 words
-
650 2013-08-08 6 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo ALMOST two-and-a-half years after it was crippled by a massive earthquake and tsunami, the Fukushima nuclear power plant on Japan’s northeast coast is back in crisis, prompting Prime Minister Shinzo Abe to step in yesterday with650 words
-
Article61 2013-08-08 6 IN “Vallianz Q2 net falls 29% to US$1.9m” (BT, Aug 7), we wrongly reported a fall in second-quar-ter net profit. It should have been a rise. Also, we wrongly described Vallianz’s parent as a vessel charterer. It should have been an integrated construction and support services provider to the61 words
-
Article, Illustration760 2013-08-08 6 Neil Behrmann - It will not cut back quantitative easing; targets 2% inflation By Neil Behrmann btworld@sph.com.sg London BANK of England governor Mark Carney intends maintaining negligible interest rates of 0.5 per cent for around three years until the UK unemployment rate falls toPHOTO: BLOOMBERG - 760 words
-
411 2013-08-08 7 Lee U-Wen - Heng lauds proactive companies doing so without cutting pay, benefits of workers By Lee U-Wen leeuwen@sph.com.sg Singapore THE labour movement has once again called for the tripartite partners government, employers and unions to study how Singapore’s re-employment age limit could411 words
-
314 2013-08-08 7 Mumbai INDIA’S low cost airline, SpiceJet, is in active discussions with Tigerair for a possible stake sale even as they are set to sign a code share agreement soon, The Economic Times has reported. Spicejet promoter and media baron Kalanithi Maran may314 words
-
-
Page 2 Advertisements
-
Advertisement29 2013-08-08 2 CONTENTS NEWS Top Stories 2-7 Companies 8-12 Singapore 13-14 World 16-25 Aviation News 26 Shipping News 27 Shipping Times 28-29 Perspective 30-31 Stocks Stats 32-36 Househunt 37 Property 38-4029 words
-
-
Page 3 Advertisements
-
Advertisement184 2013-08-08 3 POWERPAC POWERPAC INTERNATIONAL PTE. LTD. Global manufacturer of road-making machineries, automobiles plants. COMMON STRENGTH COMMON DESTINY As we celebrate our Nation’s history and achievements, we are happy to have contributed to the success of our Nation and will continue to be headquartered here and make Singapore proud. Presence in more184 words
-
-
Page 5 Advertisements
-
Advertisement107 2013-08-08 5 tpBI '12 CHINA GUARDIAN tl 20 YEARS IN CHINA ART AUCTION www.cguardian.com Consignment Event for China Guardian 2013 Aiitnnm Auctions Categories Chinese Painting and Calligraphy Porcelain Furniture and Works of Art Modern and Contemporary Arts and Crafts Chinese Oil Painting Stamps and Covers Coins and Banknotes Date 2013.08.17 2013.08.18 09:00-12:00107 words
-
-
Page 7 Advertisements
-
Advertisement401 2013-08-08 7 Power Up Your Leadership Competency Who should attend: CEOs, Directors, Managers, Team Leaders, Sales Managers and other general management professionals who want to develop their leadership skills. FULL-DAY WORKSHOPS How To Grow As A Leader What you will learn: How to identify the role and responsibilities of a leader and401 words
-
-
COMPANIES
-
596 2013-08-08 8 Malminderjit Singh - It sees few recovery signs of worsening market conditions but points to cost improvements By Malminderjit Singh msingh@sph.com.sg Singapore THANKS to lower impairment loss, Singapore shipping giant NOL Group managed to slash its net loss to US$34.6 million for the second quarter,596 words
-
Article369 2013-08-08 8 Samuel Ee - By Samuel Ee samuelee@sph.com.sg Singapore VICOM’s net profit for the second quarter ended June 30, 2013, rose 8.0 per cent to $6.85 million as revenue increased 11.1 per cent to $26.62 million on higher business volume. The vehicle inspection and testing company is369 words
-
280 2013-08-08 8 Carine Lee - By Carine Lee carinel@sph.com.sg Singapore HIGHER fair value gains on investment properties have propelled UOL Group’s net profit for the second quarter ended June 30, 2013 to $431.4 million, up 151 per cent from $171.68 million a year ago. Fair value gains recognised280 words
-
341 2013-08-08 8 Malminderjit Singh - By Malminderjit Singh msingh@sph.com.sg Singapore YANGZIJIANG Shipbuilding (Holdings) yesterday announced an 8 per cent drop in second quarter net profit to 811.7 million yuan (S$168.1 million), from 878.2 million yuan a year ago. This was despite a 12 per cent increase in341 words
-
Article, Illustration589 2013-08-08 9 R Sivanithy - stocks R Sivanithy sivan@sph.com.sg Senior Correspondent DESPITE yesterday’s 5.02 points rise, the Straits Times Index (STI) weakened 25 points or 0.8 per cent to end at 3,229.91 in this holi-day-shortened week, though it has to be said that holidays tell only part of the589 words
-
467 2013-08-08 9 Jasmine Ng - By Jasmine Ng jasng@sph.com.sg Singapore STANDARD Chartered has said that its Singapore business, the bank’s second biggest market, registered a slight drop in first-half profit due to margin compression and higher investment spending. The Singapore unit posted a pre-tax profit of US$544 million for the467 words
-
Article157 2013-08-08 9 VOL CLOSE Fre i ghtL i nks 208,690 14 1 0.7 5.2 Innopac 1 33,888 14 6 0.1 0.7 A l bedo 1 21,707 2 0.0 0.0 YHM 1 16,760 4 2 0.1 2.4 Rex I nt l 99,340 70 2.5 3.7 Go l den Agr i157 words
-
Article111 2013-08-08 9 Stock name Close Change CapMallsAsia 1.990 CapitaLand 3.230 -0.030 CapitaMall 2.020 +0.010 CityDev 10.65 -0.030 ComfortDelGro 1.975 -0.015 DBS Grp 17.20 +0.110 GLP 2.850 -0.030 Genting SP 1.365 +0.030 Golden Agri 0.520 HK Land 6.930 -0.050 HPH Trust US$ 0.730 -0.005 JMH 54.00 +0.050 JSH 33.89 +0.440 Jardine111 words
-
Article55 2013-08-08 9 BY CENTS CLOSE UP JSH 3389 55.8 1.3 IS S&P500 ***** 52.0 0.2 DBXT FTVietnam 10US$ 2296 49.5 1.7 BMT 510 20.0 4.1 DBXT FTChina25 10US$ 2685 15.2 0.4 EzionHldg 238 12.0 5.3 DBS Grp 1720 11.0 0.6 Haw Par Corp 737 9.0 1.2 OCBC Bk 1074 8.055 words
-
Article64 2013-08-08 9 BY CENTS CLOSEDOWN GLD 10US$ ***** -218.2 -1.4 SPDRS S&P 500 10US$ ***** -101.5 -0.5 DBXT MSAsExJp 10US$ 3128 -78.7 -1.9 DBXT MSINDO 10us$ 1450 -34.3 -1.8 Jardine C&C 4050 -31.0 -0.8 IS MS India 100S$D 684 -27.0 -3.8 DBXT MSBrazil 10US$ 439 -25.4 -4.4 Lyxor LatinAmerica 164 words
-
Article242 2013-08-08 9 Carine Lee - By Carine Lee carinel@sph.co.sg Singapore FRASER and Neave yesterday said that net profit from continuing operations, before fair value adjustment, rose 3.3 per cent year-on-year to $103.40 million, from $100.15 million, for the fiscal third quarter ended June 30, 2013. Turnover increased 3.8 per cent242 words
-
523 2013-08-08 10 Andrea Soh - Asia’s largest commodity trader suffers effects of low sugar prices, logistics problems and challenging markets By Andrea Soh sandrea@sph.com.sg Singapore COMMODITY trading firms continued with their weak showing this quarter with Noble Group’s second-quarter earnings falling 68 per cent. The largest commodity trader523 words
-
403 2013-08-08 10 Cai Haoxiang - By Cai Haoxiang haoxiang@sph.com.sg Singapore FROZEN fish supplier Pacific Andes Resources Development reported net profit of HK$102.5 million (S$16.8 million) for its third quarter ended June 28, down 29.8 per cent from the same period a year ago. Revenue fell 9.6 per403 words
-
404 2013-08-08 10 Ong Chor Hao - By Ong Chor Hao ongch@sph.com.sg Singapore SOILBUILD Business Space Reit (Soilbuild Reit) has priced its units for an initial public offering (IPO) at 78 cents apiece, close to the low end of an indicative range of 77-80 cents. The real estate investment trust will404 words
-
Article329 2013-08-08 10 Kalpana Rashiwala - By Kalpana Rashiwala kalpana@sph.com.sg Singapore PERTAMA Holdings, currently the subject of delisting and an exit offer, has posted a 63.6 per cent drop in full-year group net profit to $2.98 million. Revenue for the year ended June 30, 2013 inched up 1.4 per cent to329 words
-
Article, Illustration385 2013-08-08 11 Mindy Tan - Distribution and income short of expectations by over 4% By Mindy Tan tanmindy@sph.com.sg Singapore FAR East Hospitality Trust (Far East H-Trust) posted a distribution per stapled security of 1.43 cents for the second quarter ended June, falling short of its forecast of 1.50385 words
-
300 2013-08-08 11 Carine Lee - By Carine Lee carinel@sph.com.sg Singapore CWT Ltd yesterday reported a 6 per cent decline in year-on-year net profit despite a 66 per cent increase in revenue for the fiscal second quarter ended June 30, 2013. Net profit attributable to shareholders300 words
-
Article, Illustration328 2013-08-08 11 Cai Haoxiang - By Cai Haoxiang haoxiang@sph.com.sg Singapore MEDICAL device manufacturer Biosensors Group International announced a 63 per cent fall in net profit to US$12.1 million for its first quarter ended June 30. The biotechnology counter hit a low of 97.5 cents yesterday, dipping328 words
-
344 2013-08-08 11 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg Singapore ASCENDAS Hospitality Trust (A-HTRUST) posted distribution per stapled unit of 1.29 cents for the first quarter ended June. This includes the advance distribution of 1.03 cents per stapled security made for the period from April 1 to344 words
-
Article319 2013-08-08 12 Ong Chor Hao - Revenue rises 9.3% to $1 .1 9b, with increased contributions from diesel engines unit Yuchai By Ong Chor Hao ongch@sph.com.sg Singapore INDUSTRIAL conglomerate Hong Leong Asia posted a net profit of $9.27 million for the second quarter ended June 30, an 86.2 per cent319 words
-
Article311 2013-08-08 12 Cai Haoxiang - By Cai Haoxiang haoxiang@sph.com.sg Singapore STRACO Corporation continued to benefit from increased visitor numbers at its two main aquarium attractions in China, with net profit for the second quarter ended June 30 up 31 per cent at $7.8 million. Revenue was up 19 per cent311 words
-
Article286 2013-08-08 12 Malminderjit Singh - Revenue surges 81%; 1 -for-5 bonus share issue planned By Malminderjit Singh msingh@sph.com.sg Singapore EZION Holdings yesterday posted a 28.8 per cent rise in sec-ond-quarter net profit to US$36.2 million, from US$28.1 million a year ago. It also proposed a one-for-five bonus share issue.286 words
-
Business briefing
-
79 2013-08-08 12 PAN Pacific Hotels Group posted net profit attributable to shareholders of $18.9 million for its second quarter ended June 30, up 6 per cent from $17.8 million ayear ago. Higher revenue from the group’s hotel ownership segment contributed towards a 1679 words
-
86 2013-08-08 12 CHINA Merchants Holdings (Pacific) reported a net profit attributable to shareholders of HK$175.7 million (S$28.7 million) for the second quarter ended June 30, up 59 per cent from HK$110.2 million last year. This came on the back of a 38 per cent increase86 words
-
76 2013-08-08 12 PROPERTY developer and builder Wee Hur Holdings reported a 49 per cent increase in its first half net profit attributable to shareholders to $8.5 million, from $5.7 million a year earlier. Due to an increase in its property development business’ contribution,76 words
-
55 2013-08-08 12 COURTS Asia Ltd has identified a site for its second “Big-Box” Megastore in Klang Valley, Kuala Lumpur. It has also secured two new sites in Sabah in East Malaysia. This completes its nationwide retail coverage and boosts its retail footprint in55 words
-
69 2013-08-08 12 CHALLENGER Technologies posted a net profit attributable to shareholders of $4 million for the second quarter ended June 30, up 17 per cent from $3.4 million a year ago. Revenue rose 7 per cent from $86.4 million a year ago to $92.269 words
-
65 2013-08-08 12 FRENCKEN Group reported a second quarter net profit attributable to shareholders of $4.1 million, up from $213,000 a year earlier. This came on the back of a 17 per cent rise in revenue to $108 million. For the first half, net profit was65 words
-
61 2013-08-08 12 CHASEN Holdings announced a net profit attributable to shareholders of $299,000 for its first quarter ended June 30, down 61 per cent from $775,000 a year earlier. This came even as revenue rose 8 per cent to $21.7 million. Earnings per61 words
-
83 2013-08-08 12 NEW Toyo International Holdings posted a net profit attributable to shareholders of $4.7 million for its second quarter ended June 30, up 11.1 per cent from $4.2 million a year ago. This came on the back of an 8 per83 words
-
67 2013-08-08 12 BENG Kuang Marine posted a net profit attributable to shareholders of $4.9 million for the second quarter ended June 30, up from $248,000 a year ago. Revenue fell 23 per cent to $20.9 million, from $27.1 million a year ago. For the67 words
-
-
-
SINGAPORE
-
Article, Illustration492 2013-08-08 13 Genevieve Cua - Advisory firm banks on new S’pore office, and on providing ‘independent unbiased advice’ By Genevieve Cua gen@sph.com.sg INDEPENDENT mergers advisory firm Evercore is confident that deal flow in Asia will remain strong, fuelled by economic growth. Its new office492 words
-
414 2013-08-08 13 Lee U-Wen - MPs seek answers from govt on integrity trust in civil service Questions stem from public concern after recent prominent cases By Lee U-Wen leeuwen@sph.com.sg FOLLOWING a spate of high-pro-file prosecutions of senior civil servants, some Members of Parliament are seeking answers from the government when the House sits again next414 words
-
Article, Illustration1061 2013-08-08 14 Annabeth Leow - Franchises, delivery service in the works for Benny Se Teo’s ex-con kitchen. By Annabeth Leow A MARKETING poster for eatery chain Eighteen Chefs shows restaurateur Benny Se Teo’s face amid other details, and the resemblance to a police mugshot is no coincidence. A former convictPHOTO: ARTHUR LEE - 1,061 words
-
-
Page 13 Advertisements
-
Advertisement39 2013-08-08 13 AUGUST ISSUE OUT NOW! TABLETS DESIGNED FOR BUSINESSES < IN THIS ISSUE TOUGH GEAR FOR ALL OCCASIONS BUSINESS TABLETS TESTED •E3ROUNDUP Subscribe to HWM and get a Netgear Universal WIFI Range Extender! while stocks last. Visit www.hardwaremag.com SPH magazin es39 words
-
-
Page 15 Advertisements
-
Advertisement75 2013-08-08 15 What do you get, then, What do you get, then, when a motley crowd tries to march to a single You get the eurozone. 55 drummer? You get the eurozone. I would probably If I were a young Japanese and I could speak English, I would probably choose to emigrate.75 words
-
-
WORLD
-
548 2013-08-08 16 Foreign selling cannot be avoided, but local funds seen buying up stocks on weakness Petaling Jaya ANY impact of potential cuts on Malaysia’s credit rating should be “minimal” on domestic equities, as local funds, flush with liquidity, are likely to snap548 words
-
431 2013-08-08 16 Government expected to announce steps to spur capital inflows Reuters Mumbai THE Indian rupee resumed its descent yesterday to move within sight of a record low hit a day earlier, with policymakers set to discuss fresh measures to defend the worst performing AsianReuters - 431 words
-
Article, Illustration349 2013-08-08 16 AFP Seoul NORTH Korea yesterday offered a series of proposals and guarantees to break deadlocked talks with South Korea on reopening a joint industrial zone that was shut down in April. As well as allowing South Korean firms full access to the Kaesong complex,AFP; PHOTO: AFP - 349 words
-
Article, Illustration589 2013-08-08 17 Any earnings disappointment for outperforming sectors may see fall in share prices Reuters Hong Kong CHINESE companies still able to report healthy profits could see their shares trim sharp gains if earnings disappoint, narrowing a yawning gap with firms struggling to cope with Beijing’s driveReuters; PHOTO: REUTERS - 589 words
-
499 2013-08-08 17 But transmission is not efficient, so risk of pandemic is low Reuters London THE first scientific analysis of probable human-to-human transmission of a deadly new strain of bird flu that emerged in China this year gives the strongest evidence yetReuters - 499 words
-
Article, Illustration447 2013-08-08 18 Firms must keep a a good relationship with their banks amid the bond euphoria Bloomberg Stockholm SWEDEN’S state-backed export bank is urging companies in the largest Nordic economy to pace their enthusiasm for bond markets after corporate issuance started dominating debt funding lastBloomberg; PHOTO: REUTERS - 447 words
-
Briefing
-
98 2013-08-08 18 AP BerlinThe German government says that industrial production grew 2.4 per cent in June compared with the previous month, a further sign that the economy is picking up steam. The Economy Ministry said yesterday that the jump was partly due to seasonal factorsAP - 98 words
-
107 2013-08-08 18 Reuters Lisbon Portugal’s jobless rate fell for the first time in two years in the second quarter, to a rate of 16.4 per cent from 17.7 per cent in the first quarter, data showed yesterday. The unemployment rate was stillReuters - 107 words
-
141 2013-08-08 18 Bloomberg Brussels The European Union refrained from imposing preliminary anti-subsidy tariffs on Chinese solar panels, opting to wait four more months to assess whether such levies are warranted in the biggest EU trade fight of its kind. The European Commission waivedBloomberg - 141 words
-
90 2013-08-08 18 Reuters LondonThe world’s second-largest offshore wind farm, capable of generating enough electricity to power over half a million homes, was opened officially off England’s east coast yesterday. Energy and Business Minister Michael Fallon opened the 500 megawatt Greater Gabbard wind farm offReuters - 90 words
-
-
330 2013-08-08 18 Bloomberg Tokyo ERNST Young LLP plans to double its mergers and acquisitions advisory staff in Japan over the next 12 months, betting the country’s cross-border deals and domestic mergers will increase in the coming five years. Ernst Young Transaction Advisory Services CoBloomberg - 330 words
-
463 2013-08-08 19 Swiss bank neither admits nor denies accusation of misleading investors AP Washington SWITZERLAND’S biggest bank, UBS, has agreed to pay about US$50 million to settle federal civil charges of misleading investors in its sale of risky mortgage bonds ahead of the 2008 financialAP - 463 words
-
Article, Illustration814 2013-08-08 19 Bank understated risks of mortgagebacked securities NYT New York THE Justice Department sued Bank of America, accusing the bank of defrauding investors by vastly understating the risks of the mortgages backing some US$850 million in securities. The lawsuit adds to the hefty legalNYT; PHOTO: REUTERS - 814 words
-
Article, Illustration534 2013-08-08 20 US$1 08m of fines slapped on foreign firms a record in local anti-monopoly rulings AFP Beijing CHINA has fined six mostly foreign baby formula companies a total of US$108 million for price fixing, the government said yesterday in reportedly the country’s biggestAFP; PHOTO: AFP - 534 words
-
549 2013-08-08 20 But auction shows global dairy prices still near high levels Reuters AFP Wellington NEW ZEALAND said yesterday that its reputation as an exporter of safe dairy food remained at risk after a contamination scare, although an auction of Fonterra dairy products providedReuters; AFP - 549 words
-
335 2013-08-08 20 Bloomberg Sydney AUSTRALIA’S mining tax was upheld as legal by the country’s highest court in a defeat for Fortescue Metals Group and state governments that challenged its validity. The High Court of Australia’s full bench unanimously dismissed the challenge, ruling that the tax “didBloomberg - 335 words
-
367 2013-08-08 21 Along with Glencore Xstrata, Goldman Sachs and London Metal Exchange, it is also accused of racketeering practices Bloomberg Reuters Chicago JPMorgan Chase Co and Glencore Xstrata face a US lawsuit, along with the London Metal Exchange, alleging they artificially inflated aluminium prices, in theBloomberg; Reuters - 367 words
-
Article, Illustration466 2013-08-08 21 NYT New York SONY’S chief executive had a few numbers on his mind when he formally rejected a proposal by activist hedge fund manager Daniel S Loeb to partially spin off Sony’s entertainment unit. Among them was the number ofNYT; PHOTO: REUTERS - 466 words
-
544 2013-08-08 21 Bloomberg Tokyo THE Bank of Japan (BOJ) will expand its record easing by June next year as inflation remains distant from its 2 per cent target, according to a survey of economists by Bloomberg News. Twenty of 26 analysts expect more stimulusBloomberg - 544 words
-
Article, Illustration481 2013-08-08 22 He wants govt-backed mortgage finance firms closed to limit the risk to public money AFP Phoenix PRESIDENT Barack Obama has called for new efforts to support US homeowners but he urged the closing of governmentbacked mortgage finance companies to limit the risk toAFP; PHOTO: AP - 481 words
-
450 2013-08-08 22 Bailed out by the Dutch state in 2008, ING has dismantled its once-fashionable banking and insurance model and announced thousands of job cuts and other cost savings. Reuters Amsterdam DUTCH financial group ING beat second-quarter profit forecasts at its main bankingReuters - 450 words
-
349 2013-08-08 22 Reuters New York RUPERT Murdoch’s newly separated 21st Century Fox reported higher revenue and profit because of growth at its cable operations including Fox News and its regional sports networks. Investors had been waiting for years for Mr Murdoch to split NewsReuters - 349 words
-
Article, Illustration745 2013-08-08 24 Investors more optimistic about Spanish recovery from recession with Rajoy at helm Bloomberg [LONDON] Spanish government bonds have returned almost twice as much as Italy’s this year, reflecting investor bets that Spain’s recovery from recession will outstrip the moribund Italian economy. What’s more,Bloomberg; PHOTO: REUTERS - 745 words
-
Article624 2013-08-08 24 It has doubled the speed of its 4G, is changing its price plans to attract more users Bloomberg London EE, the biggest wireless company in the UK, wants to be more British. EE jointly owned by France’s Orange SA and Germany’s Deutsche Telekom AGBloomberg - 624 words
-
Article, Illustration909 2013-08-08 25 Among other things, both deals show the rising tide of shareholder power NYT New York THIS is a tale of two management-led buyouts. The first is the headline-grabbing US$24.4 billion bid by Michael S Dell and the private equity firm Silver Lake PartnersNYT; PHOTO: REUTERS - 909 words
-
384 2013-08-08 25 AP Seoul SAMSUNG Electronics Co has applied for US and South Korean trademarks for a watch that connects to the Internet in the latest sign that consumer technology companies see wearable devices as the future of their business. Samsung described “Samsung Galaxy Gear” asAP - 384 words
-
-
Page 23 Advertisements
-
Advertisement310 2013-08-08 23 Tfl .jam •Hi'SjSisaSJ|y iw«i| |mfi •pwtuwir* v aki 5 k* *ii STPROPERTY SEMINAR Opportunities Outlook of the Property Market in 04 2013 STRATEGIES TO OVERCOME THE CHALLENGING PROPERTY LANDSCAPE ~'i iff i' i 1 ■‘va-' Hurr i gau Under the new Total Debt Servicing Ratio (TDSR) framework by MAS, the310 words
-
-
Page 25 Advertisements
-
Advertisement376 2013-08-08 25 bsata NOTICES AC QUANT Societe d'investissement a capital variable Registered office: 5, Heienhaff, L-1736 Senningerberg Grand Duchy of Luxembourg R.C.S. Luxembourg B *****3 The shareholders of AC Quant (the "Company") are hereby informed that for the Extraordinary General Meeting of Shareholders of 12 July 2013 the quorum required to adopt376 words
-
-
AVIATION
-
Article, Illustration603 2013-08-08 26 Upgrading of first business class and downgrading of coach class reflect disappearance of the middle class WP Washington IT’S August, and Americans by the millions are cramming themselves into coach class seats as they embark on their summer vacations. Those able to learnWP; PHOTO: AFP - 603 words
-
240 2013-08-08 26 AFP London BOEING did not mislead readers of a trade magazine when touting the advantages of its 747-8 jumbo jet over rival Airbus’ A380 model, Britain’s Advertising Standards Agency (ASA) ruled yesterday. European aircraft maker Airbus had called upon the regulator to investigate theAFP - 240 words
-
-
Page 26 Miscellaneous
-
Miscellaneous376 2013-08-08 26 Across 1 Less than wholly grown up, a politician being complimentary (9) 9 Sitting by stream is English poet (6) 10 Nothing in tub by river building close to the water (9) 11 See 19 12 Maybe ’ave a graft on top to try and be posh? (3,2,4) 13 Finish376 words
-
-
SHIPPING
-
537 2013-08-08 27 China is the world’s No 1 as state yards help secure orders to make ships with a capacity to carry 27.8m dwt Bloomberg Hong Kong CHINA has widened its lead over South Korea as the world’s biggest shipbuilding nation as state-backed yards won contractsBloomberg - 537 words
-
288 2013-08-08 27 AFP London BRITAIN has issued the highest possible security alert to British shipping companies operating off the coast of Yemen, an expert said here on Tuesday, amid a worldwide terror alert focused on the country. Neil Roberts, a senior insurance underwriter atAFP - 288 words
-
-
Page 27 Advertisements
-
Advertisement70 2013-08-08 27 HOT PROPERTY sTspWjl La d PR Eligible ft $2 M Value 999 yrs land mF S sem d walk Nan/ang fri/ Tan Th Kee MRT. Serious seller K Poo| V Omy S $5M+ K l and new sf. SidmI r, K,n 9 4500 g* Hi,, LOOKING FOR PRIME INVESTMENTS? Check70 words
-
Advertisement22 2013-08-08 27 Into its 10thedition Participate In Singapore’s MEGA WORLD FOOD FAIR SINGAPORE EXPO HALL 4 5th 8th Sept 2013 *****620 or Email: sales@exhibitsinc.com.sg22 words
-
-
Article1287 2013-08-08 28 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TAMERLANE FF332 12/08 16/08 19/08 21/08 26/08 03/09 TYSLA FF333 24/08 28/08 31/08 02/09 07/09 14/09 TIJUCA CF329 02/09 07/091,287 words
-
Page 28 Advertisements
-
Advertisement7 2013-08-08 28 IMMM) mum PLACE YOUR AD HERE CALLJOEWONGAT*****3277 words
-
Advertisement15 2013-08-08 28 Experiencet ship maintenance services wanted Can they find your services here in the Shipping Times?15 words
-
-
Page 29 Advertisements
-
Advertisement0 2013-08-08 29 {}))/\"'}__+[<%*'%]!!(~@]((<{?]0 words
-
-
PERSPECTIVE
-
Article, Illustration899 2013-08-08 30 / 31 Sarah Hawkes, Kent Buse - Change gender norms impairing men’s health to a social, cultural and commercial emphasis on healthier lifestyles for all. By Sarah Hawkes and Kent Buse By Sarah Hawkes, Kent Buse ~Sarah Hawkes is reader in global health and Wellcome Trust senior fellow in international public engagement atProject Syndicate; PHOTO: AFP - 899 words
-
Article, Illustration801 2013-08-08 30 / 31 Anthony Rowley - thanks to the advent of mutual funds, the insidious reach of the financial sector, and a fragmentation of journalism Anthony Rowley Tokyo Correspondent ARE we seeing the twilight of “shareholder democracy” I wonder, and if so what are the implications for shareholders, “stakeholders”, corporate801 words
-
-
SGX
-
Article8203 2013-08-08 32 Transaction date: Aug 7 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 12 8Telecom 12.2 13.2 10.6 0.9 10.1 58.4 8.8 3 A-Sonic 6cd unch 697 6 5.9 5.9 6.1 2.2 438,203 words
-
Article1885 2013-08-08 35 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 27.5 17.1 t 800 Super 26 -1 1234 27 25 25.5 26 3.3 3.8 7.8 46.5 6.2 2.8 t AA Grp 2.8 3 5 1401,885 words
-
Article186 2013-08-08 35 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 5 7 0 0 0 2 5 7 Manufacturing 51 55 38 4 4 11 55 59 49 Commerce 18 23 18 4 5 4 22 28 22 Tpt/Stor/Comms 22 16 4186 words
-
Article777 2013-08-08 35 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 5 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Fragrance Grp 6-Aug-13 Koh Wee Meng Buy 500 0.24 *****00 73.43 *****00 73.44 Fragrance Grp 6-Aug-13 Lim777 words
-
Article123 2013-08-08 35 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,871 18,871 71,423 71,423 Manufacturing 254,196 39,808 294,004 126,342 1,548 127,891 Commerce 127,602 169,658 297,260 88,167 5,159 93,326 Tpt/Stor/Comms 344,327 20,120 364,447 141,873 7,707 149,580 Finance 144,930 20,547 165,477 140,325 8,872 149,196 Construction 160,739 127,517123 words
-
-
MARKETS
-
Article94 2013-08-08 36 Aug 6 COCOA (£/tonne) Close Prev High Low Sep 13 1610 1611 1621 1600 Dec 13 1596 1595 1607 1585 Mar 14 1583 1579 1590 1567 May 14 1582 1577 1587 1567 COFFEE(US$/tonne) Close Prev High Low Sep 13 1881 1902 1897 1871 Nov 13 1874 1890 1890 186494 words
-
Article65 2013-08-08 36 Aug 7 GOLD(US$/oz) Aug 07 Aug 06 Hong Kong 1286.00 1301.00 Aug 06 Aug 05 London 1286.23 1298.49 1287.12 1299.37 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.89 24.11 Source: UOB PLATINUM Lon (US$/oz) Aug 06 Close Previous PM Fix 1430.00 1444.00 AM Fix 1443.00 1453.00 Source:65 words
-
Article57 2013-08-08 36 Aug 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 13 2280.0 2278.0 2280.0 2280.0 240 724 Sep 13 2261.0 2236.0 2261.0 2233.0 2955 ***** Oct 13 2231.0 2207.0 2232.0 2201.0 ***** ***** Nov 13 2222.0 2201.057 words
-
Article92 2013-08-08 36 Aug 7 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*****V 07-Feb-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 0.00 0.00 5-Year N*****0T 0.592 words
-
Article155 2013-08-08 36 Aug 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1340 1.1349 0.8940 0.8946 Canadian dollar 1.2181 1.2183 0.9603 0.9602 Euro 1.6843 1.6850 1.3278 1.3282 NZ dollar 1.0012 1.0019 0.7893 0.7898 Sterling pound 1.9414 1.9422 1.5305 1.5310155 words
-
Article121 2013-08-08 36 Aug 07 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.164 1.109 Can dollar 1.243 1.196 Euro 1.725 1.643 Sterling pound 1.980 1.904 NZ dollar 1.025 0.986 US dollar 1.293 1.232 Local dollars to 100 units of foreign121 words
-
Article104 2013-08-08 36 Aug 6 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 13 1324.25 1329.75 1335.00 1318.25 Sep 13 1193.50 1207.50 1209.75 1192.50 Nov 13 1167.25 1183.25 1183.00 1165.25 Jan 14 1174.00 1190.00 1189.75 1172.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Aug 13 42.11 42.72 42.47 41.97104 words
-
STOCK MARKETS
-
Article, Illustration20 2013-08-08 36 YTD change: +1.98% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,931.60 on Nov 16,2012 Source: BloombergSource: Bloomberg - 20 words
-
Article, Illustration19 2013-08-08 36 YTD change:-4.71% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 19,076.79 on Sept 6,2012 Source: BloombergSource: Bloomberg - 19 words
-
Article, Illustration21 2013-08-08 36 YTD change: -9.80% 52-week high: 2,444.80 on Feb 18,2013 52-week low: 1,849.65 on June 25,2013 Source: BloombergSource: Bloomberg - 21 words
-
Article, Illustration19 2013-08-08 36 YTD change: +32.99% 52-week high: 15,942.60 on May 23,2013 52-week low: 8,488.14 on Oct 15,2012 Source: BloombergSource: Bloomberg - 19 words
-
Article, Illustration27 2013-08-08 36 YTD change:+18.43% 52-week high: 15,658.43 on Aug 2, 2013 52-week low: 12,471.49 on Nov 16, 2012 (Chart shows Tuesday’s index closing) Source: BloombergSource: Bloomberg - 27 words
-
-
Article68 2013-08-08 36 Aug 06 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 106.98 -1.09 WTI (Near Mth) 105.42 -1.04 Dubai (1-Mth F) 104.35 0.62 Tapis blend 116.02 1.04 Minas 108.72 1.04 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.61 -0.50 Jet Kerosene 122.71 -1.47 US$/barrel OpecOil Basket Price 105.5668 words
-
Article72 2013-08-08 36 Aug 06 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1741.80 1753.55 3 months 1788.50 1800.00 Copper, Grade A (US$/tonne) Cash 6987.25 6957.50 3 months 7005.00 6975.00 Lead (US$/tonne) Cash 2098.50 2108.75 3 months 2110.50 2122.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)72 words
-
373 2013-08-08 36 In local curr In S$ In US$ dy yr dy yr dy yr Aug 6 Index Change Change Change Change Change Change World Preliminary 1095.2 -0.4 16.7 -0.4 18.4 -0.2 14.1 EAFE Preliminary 895.1 -0.1 15.6 0.3 14.3 0.5 10.1 Europe Preliminary 1270.0 -0.4 10.7373 words
-
-
PROPERTY
-
245 2013-08-08 37 Recovery in US property values over the last four years on hold for now: research firm Bloomberg Chicago US commercial property prices fell one per cent in July from the previous month as rising interest rates increased the cost of financing deals,Bloomberg - 245 words
-
Article837 2013-08-08 37 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 7 AND JULY 16, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Icon Apt 16/07/2013 99 969 1780 1837 Spottiswoode Residences Apt 10/07/2013 FH 603 1383 2295837 words
-
Article, Illustration1244 2013-08-08 38 The median price for a two-bedroom apartment hits US$1.35m as inventory of homes in Manhanttan shrinks Bloomberg New York WITH US$1 million to spend and no need for a mortgage, Laiyan Wong expected to be able to easily buy a two-bedroomBloomberg; PHOTO: BLOOMBERG - 1,244 words
-
Article, Illustration922 2013-08-08 39 Birmingham, Alabama is undergoing an urban revival that’s drawing life back to its centre NYT New York LONG scarred as the site of brutal civil rights struggles and decades of industrial collapse, downtown Birmingham, Alabama, has struggled to attract new business or visitors,NYT; PHOTO: NYT - 922 words
-
Article, Illustration380 2013-08-08 40 Announcements add to signs that Beijing may allow new equity financing for developers Bloomberg Shanghai CHINESE developers may resume share sales on the country’s mainland exchanges as announcements of such plans by property companies in the past week add to signs that theBloomberg; PHOTO: REUTERS - 380 words
-
249 2013-08-08 40 Bloomberg Sydney AUSTRALIAN investors’ confidence in commercial property slumped in the three months to June 30 as the nation’s softer economy weighed on business and consumer sentiment. The NAB Commercial Property Index dropped to minus 16, the third-lowest level since the bank started the measureBloomberg - 249 words
-
268 2013-08-08 40 Reuters New York US home prices jumped in June and are forecast to ramp up further in the latest signs of a housing market that is on the mend, data from CoreLogic showed on Tuesday. CoreLogic’s home price index rose 1.9 perReuters - 268 words
-
165 2013-08-08 40 Reuters Madrid SPAIN’S “bad bank” Sareb has said that it closed its first property portfolio deal, with investment firm HIG Capital taking a 51 per cent stake in a package of close to 1,000 homes around Spain, known asReuters - 165 words
-
-
Page 38 Advertisements
-
Advertisement166 2013-08-08 38 Co,, e9e Cres ENGINEERING School MELBOURNE Business School BUSINESS LAW <<>. ECONOMICS School QUEEN VICTORIA Market RMIT Engineering f RMIT S UNIVERSITY CLOSE TO CENTRAL BUSINESS DISTRICT (CBD) APPROX. 300M Freehold Investment Property For sale in Melbourne Project Carlton Residences 8-storey Building with Basement Fully Functioning Student Hostel 97% Occupancy166 words
-
-
Page 39 Advertisements
-
Advertisement19 2013-08-08 39 China's import and export expected to slow down further in H2 To subscribe, call 6388-3838 or go to sphsubscription.com.sg19 words
-