The Business Times, 19 August 2013
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2013-08-19
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The Business Times
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Title Section25 2013-08-19 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, August 19, 201325 words
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Article, Illustration1036 2013-08-19 1 LEE U-WEN - ‘Strategic shift’ in nation-building yields big moves in infrastructure, healthcare, housing and education By LEE U-WEN [SINGAPORE] Prime Minister Lee Hsien Loong yesterday mapped out moves in key areas of infrastructure, healthcare and education in what he described as “acts of faith” in SingaporePHOTO: NURIA LING/THE STRAITS TIMES - 1,036 words
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MARKETS DIGEST
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Article57 2013-08-19 1 Weekly Change ST INDEX 3,197.53 -32.38 KL COMP 1,788.24 +8.92 NIKKEI 225 13,650.11 +34.92 HANG SENG 22,517.81 +710.25 SET INDEX 1,445.76 +13.51 JAKARTA COMP 4,568.65 -72.13 MANILA COMP 6,525.95 +121.72 SEOUL COMP 1,920.11 +39.40 SHENZHEN B 815.75 +11.24 MUMBAI IND 18,598.18 -191.16 DOW 15,081.47 -344.04 NASDAQ 3,602.78 -57.33 S&P57 words
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Article21 2013-08-19 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.281 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg21 words
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Article49 2013-08-19 1 US$ S$ US$ (S$ per US$) 1.269 (US$/S$ per 1.563 1.984 EURO (US$/S$/E) 1.334 1.693 Foreign currency per US$ S$ YEN 97.30 76.70 RM 3.272 2.578 HK$ 7.754 6.110 BAHT 31.28 24.64 RUPIAH 10,388 8,185 RENMINBI 6.114 4.817 INDIAN RUPEE 61.76 48.66 A$ 1.090 0.859 NZ$ 1.236 0.97449 words
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677 2013-08-19 1 ROB CURRAN - By ROB CURRAN THE US stock market endured its biggest routs of the year last week after warnings from Walmart intensified traders’ dread of the post-stimulus economic outlook. This week, more scares could be on their way from677 words
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Page 1 Advertisements
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Advertisement102 2013-08-19 1 DINING OUT A twist to hearty flavours of Argentina PAGE 22 EMERGING ENTERPRISE ASR: Restoring buildings to former glory PAGE 8 YOUNG INVESTORS’ FORUM Young S’porean entrepreneurs who create online marketplaces PAGE 9 VIEWS FROM THE TOP Has corporate governance improved? PAGES 10-11 BT WEBSITES For breaking news, go to102 words
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TOP STORIES
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725 2013-08-19 2 ANTHONY ROWLEY - Report this week will point to funding crisis unless tax is raised on schedule B)’/ ANTHONY ROWLEY in Tokyo HOT as this summer has already been in Japan, with temperatures pushing up against record highs, the next few weeks threaten to be725 words
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Article447 2013-08-19 2 Bold ideas to move Singapore forward PRIME Minister Lee Hsien Loong yesterday mapped out moves in key areas like infrastructure, healthcare and education in what he described as “acts of faith” in Singapore and its people. He used the National Day Rally to make the point that the447 words
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Article, Illustration588 2013-08-19 2 EU to review ties with Cairo at meeting of senior diplomats today Bloomberg [CAIRO] Egyptian shares fell the most in two months as Islamists called for more protests following a government crackdown that has left at least 800 people dead. Government debtBloomberg; PHOTO: REUTERS - 588 words
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Article, Illustration758 2013-08-19 4 LEE U-WEN - Revamp for MediShield to include all Singaporeans for life MediShield Life premiums ‘will be higher’ due to better benefits, coverage PM LEE’S NATIONAL DAY RALLY SPEECH By LEE U-WEN [SINGAPORE] Sweeping changes are in the pipeline for MediShield, the national medical insurance plan that currently covers some 92 per centPHOTO: NURIA LING/THE STRAITS TIMES - 758 words
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Article, Illustration749 2013-08-19 4 CAI HAOXIANG - New home for Paya Lebar Air Base; ‘Jewel’ attraction at Changi Airport By CAI HAOXIANG [SINGAPORE] An 800 ha (8 sq km) area larger than Bishan or Ang Mo Kio will be freed up for new homes, offices, factories and parks749 words
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Article, Illustration657 2013-08-19 4 MINDY TAN - By MINDY TAN [SINGAPORE] To enable homeowners to pay off their flats in 25 years instead of 30, the government will be extending a variety of grants to lower and middle-income households. Specifically, the Special CPF Housing Grant (SHG) for657 words
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Advertisement19 2013-08-19 2 The best pure-play private bank in Asia EFG 0 Bank Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com19 words
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Advertisement249 2013-08-19 3 Celebrated by the Tata Group, and graced by the presence of Mr Cyrus Mistry, Chairman Tata Sons. The Tata group, a global enterprise with worldwide revenues of over USD 100 billion, is deeply integrated into the fabric of Singapore's success story. Combining deep ethical values with proven business acumen, the249 words
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COMPANY NEWS
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Article, Illustration854 2013-08-19 5 Consumer buying up 53% in Q2, almost making up for gold ETPs’ record sales Bloomberg [LONDON] Gold traders are the most bullish in five months on signs that demand for coins and jewellery increased during a plunge in prices that prompted billionaire investorBloomberg - 854 words
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Article280 2013-08-19 5 Aug 16 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications ...6.00 Bank of East Asia ...5.50 Bank of Communications ...5.50 Bank of Tokyo-Mitsubishi UFJ, Ltd Banque Internationale a ...6.00 Bank of280 words
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Article1720 2013-08-19 5 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 ARA Asset Mgmt aw 2.300 13-Aug 15-Aug 29-Aug 06-Aug Ascott Residence Tr (6 Feb-30 Jun13) ag 4.081 29-Jul 31-Jul 28-Aug 23-Jul Asian Pay TV ap 4.800 23-Aug1,720 words
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Article1811 2013-08-19 7 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd DIRECTOR activity rose last week with 35 transactions worth $18.7 million based on Aug 12-16 Singapore Exchange filings. The figures were sharply up from the previous week’s 3-day totals of 19 trades1,811 words
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Article18 2013-08-19 7 Branchen Stars R1C-A 12/08/2013 189,85 EUR I db X-MACRO Trading Index Fund I4D 08/08/2013 87,66 GBP18 words
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Article270 2013-08-19 7 COMPANY MEETING PLACE DATE TIME Jason Parquet E 16 Tampines Street 92 JP Building 19-Aug 10.00am AusGroup Limited E 36 Tuas Road 22-Aug 3.00pm China Fishery Grp E Millenia 3 Level 2 The Ritz-Carlton Millenia S'pore 7 Raffles Avenue 22-Aug 9.30am Popular Hldgs Ltd A 20 Old Toh270 words
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Advertisement209 2013-08-19 5 Want to realise your money’s potential? r m SEIZE OPPORTUNITIES f W A NOW 1 k. ii»" UOB Personal Internet Banking’s suite of services lets you take control of your savings with greater ease. Buy sell gold Start transacting with the first local bank to let you buy and sell209 words
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SINGAPORE MARKETS
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Article, Illustration647 2013-08-19 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent STOCK market traders must by now be tired of all this incessant talk of tapering. Ever since US Federal Reserve chairman Ben Bernanke on May 22 reminded markets that the free cash which now amounts to US$85 billion647 words
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620 2013-08-19 6 CURRENCIES Bloomberg [SINGAPORE] The Indian rupee and the Indonesian rupiah led a weekly loss in Asian currencies on increasing speculation that the US will scale back monetary stimulus as the world’s biggest economy improves. Indonesia’s currency slumped to the weakest levelBloomberg - 620 words
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Article1443 2013-08-19 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 4 9.40 15.43 1.80 1.45 Amtek Engineering Ltd 3.33 3.33 3 0.05 7.27 0.55 0.47 ARA Asset Management Ltd 2.571,443 words
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675 2013-08-19 6 COMMODITIES AFP [LONDON] Oil prices rose last week as violence in Egypt fuelled tight supply fears, while a drop in the dollar on increased expectations of tapering of US stimulus lifted demand for gold, analysts said. Oil: Oil prices rallied, with BrentAFP - 675 words
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Article73 2013-08-19 6 Aug 16 VALUE CLOSE BT OB/OS -309.00 +109.00 BT CADI -*****.00 -59.00 BT 10-day MA -*****.00 -31.00 FTSE ST Mid Cap 755.12 -3.74 FTSE ST Small Cap 557.25 +0.76 FTSE ST All Share 781.77 -4.95 FTSE ST China Top 198.37 -0.68 FTSE ST China 228.58 -1.15 FTSE73 words
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Article54 2013-08-19 6 VOLUME GSH Corp 988,128,000 SingHaiyi 814,207,000 Innopac 589,936,000 Albedo 518,293,000 IPCO Intl 488,918,000 Tritech 413,714,000 HanKore 362,441,000 Contel 280,616,000 Golden Agri 278,809,000 Unionmet 228,649,000 VALUE($) DBS Grp 422,517,953 SingTel 303,108,470 Tritech 214,018,375 UOB 200,871,431 OCBC Bk 196,309,777 GLP 173,724,990 Keppel Corp 170,354,717 Genting SP 159,265,213 JMH 149,415,58554 words
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Article115 2013-08-19 6 BY CENTS CLOSE UP GLD 10US$ ***** 1045.6 6.7 JMH 5611 267.7 3.9 DBXT FTChina25 10US$ 2815 165.0 4.8 Lyxor China H 10US$ 1369 116.7 7.2 DBXT MSAsExJp 10US$ 3219 115.5 2.9 DBXT MSKorea 10US$ 5574 97.7 1.4 DBXT S&P Short 10US$ 2935 96.4 2.7 JSH 3455 83.8 1.9115 words
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Article127 2013-08-19 6 BY CENTS CLOSE DOWN SPDRS S&P 500 10US$ ***** -165.0 -0.8 Lyxor MS India 10US$ 1191 -161.2 -9.6 IS S&P500 ***** -130.7 -0.6 Jardine C&C 3960 -90.0 -2.2 Lyxor Indonesia10US$ 9358 -71.1 -0.6 Lyxor US DJIA 10 US$ 1526 -63.5 -3.2 UOB 5.05%NCPS 100 ***** -50.0 -0.5 UOB.ES.1308 2150127 words
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Advertisement246 2013-08-19 7 0 w A WEEK I; w I fjl fill 26 30 August 2013 Level 3, Marina Bay Sands Convention Centre, Singapore Witness Inquire Network at The Global Intellectual Property Event in Asia If you are in: IP Legal Advisory IP Technology Advisory IP Intelligence Strategies IP Drafting Prosecution IP Valuation246 words
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SINGAPORE NEWS
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Article, Illustration918 2013-08-19 8 ANNABETH LEOW - Conservation firm ASR advises private developers on specific measures that must be taken to preserve them, reportsANNABETH ANNABETH LEOW ‘CHAPALANGcontractors”, or half-baked contractors, are the bane of Ong Jian Long’s existence. According to his definition, these are the contractors who use emulsion paint instead ofPHOTO: ARTHUR LEE - 918 words
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Article, Illustration787 2013-08-19 8 ANNABETH LEOW - By ANNABETH LEOW ONLINE cashback website Ebates.com, based in the United States and owned by Performance Marketing Brands, is the latest to venture into the Asian market. Ebates will open its regional headquarters in Singapore by the end of the year.PHOTO: AFP - 787 words
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Advertisement156 2013-08-19 8 it -4 energise yo meetings leave the rest to us Meeting packages from s$so per person Corporate dinner packages s$ 648 per table of 10 persons Room stay special from S$190 Meetings will never be the same at the new Ramada Singapore at Zhongshan Park. Our pillar-less function rooms are156 words
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Advertisement82 2013-08-19 8 This profile is the 11 th of a series of features on the 14 finalists of the Emerging Enterprise 2013 Awards. Jointly presented by The Business Times and OCBC Bank, EE 2013 recognises promising enterprises which are up to 10 years old and have an annual turnover of $15 million82 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1129 2013-08-19 9 ANNABETH LEOW - A stint at California’s innovation hub led Elisha Tan to set up hobby marketplace Learnemy, STARTING YOUNG Online marketplaces like eBay and Amazon took off in a big way in the US and around the world, tapping on the power of the Internet to make buyingPHOTO: ARTHUR LEE - 1,129 words
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Article, Illustration872 2013-08-19 9 NG ZHUO YANG - By NG ZHUO YANG TAY Wei Kiat’s knack for experimentation and discovery not only made for a fulfilling childhood, but also started him on his journey in e-commerce. The 25-year-old co-founder of online social marketplace Oompr! says he has always liked to “play around872 words
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Article, Illustration923 2013-08-19 9 ANNABETH LEOW - By ANNABETH LEOW FLAGAHERO co-founders Ken Toh and Yumi Wong, both 29, are business and life partners. Engaged two years ago, they now manage the site that aims to match up service providers with prospective customers looking for everything from birthday party magicians toPHOTO: ARTHUR LEE - 923 words
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Advertisement156 2013-08-19 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 to156 words
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VIEWS FROM THE TOP
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Article, Illustration3241 2013-08-19 10 THIS WEEK’S TOPIC: Has corporate governance and transparency in Singapore companies improved over the past few years? What more can and should be done? Leong Soo Yee Country Head ACCA Singapore THE new Corporate Governance Code is generally having a positive impact. It has generated greater awareness3,241 words
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Advertisement12 2013-08-19 11 A complete list of views from CEOs is also available at http://businesstimes.com.sg12 words
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Advertisement109 2013-08-19 11 Confidence to grow That’s what agricultural producers can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Farmers and ranchers around the world partner with us to help them manage every kind of risk. Crop prices, weather fluctuations, interest rate109 words
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MALAYSIA
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Article, Illustration486 2013-08-19 12 Current management forcing staff to work very long hours, spokesman claims [KUALA LUMPUR] A Malaysian Airline System Bhd (MAS) workers union claims the current situation at the national carrier is direr than most would think. The National Union of Flight Attendants Malaysia (Nufam)PHOTO: BLOOMBERG - 486 words
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Article1424 2013-08-19 12 VOL Aug 16 RM +/-(‘000) Abric Bhd ('000) Advance Synerg 0.15 -0.01 1674 Adventa Bhd 0.74 -0.01 27 Ae Multi Hldgs 0.21 unch 50 Affin Holdings 4.28 unch 789 Ahmad Zaki Res 0.26 Airasia Bhd 3.17 unch 2817 Alliance Finan 5.26 -0.13 502 Aluminium Co 0.15 Amalgamated In1,424 words
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Advertisement163 2013-08-19 12 Wednesday, 28 August *7pm Jones The Grocer at ION Orchard 2 Orchard Turn, #04-14 S *****1 Only $60 nett per person Register by 25 August midnight at http://pbp.sph.com.sg/btluxe The Business Times ION Orchard Present i f TucRikii The Business Tim v-w ft v> f N ion e truffle is a163 words
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Advertisement467 2013-08-19 12 ALMATY Seoul Beijing a Bangkok’ Kuala Lumpur Hong Kong Ho Chi Minh 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 B times467 words
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GREATER CHINA/INDIA
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Article, Illustration1091 2013-08-19 13 SEC looking into the bank’s hiring of children of powerful Chinese officials NYT [NEW YORK] Federal authorities have opened a bribery investigation into whether JPMorgan Chase hired the children of powerful Chinese officials to help the bank win lucrative business in the booming nation,NYT; PHOTO: AFP - 1,091 words
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514 2013-08-19 13 Indian firms can now make cheaper version of Herceptin AFP [NEW DELHI] Swiss pharmaceutical giant Roche says it is abandoning a patent for top-selling breast cancer drug Herceptin in the Indian market, paving the way for local drugmakers to make a cheaper genericAFP - 514 words
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Article263 2013-08-19 13 Reuters [BEIJING] China hopes to suspend its laws governing foreign investment in proposed free trade zones (FTZs), the cabinet said, in a sign the world’s second-biggest economy could open further to foreign competition. The State Council, China’s cabinet, will ask senior members of theReuters - 263 words
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Article, Illustration583 2013-08-19 14 But govt unlikely to impose fresh curbs; Guangzhou posts biggest gain of 17% Bloomb erg [SHANGHAI] China’s new home prices rose in almost all cities in July, led by gains in the biggest metropolitan centres, amid expectations that the government won’t further tightenBloomberg; PHOTO: REUTERS - 583 words
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726 2013-08-19 14 But there’s no sign that their moves are working: economist AFP [NEW DELHI] Indian policymakers are looking increasingly panicky as they battle the worst currency crisis in more than two decades, and more worryingly there is no sign their remedies are working. TheAFP - 726 words
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Advertisement230 2013-08-19 13 UNIVERSITY™BIRMINGHAM GLOBAL EDUCATION I MASTER’S PROGRAMME Global Knowledge ain deeper insights ith SIM Global Education V V Oh Sikai Managing Director, Lam Chee Holdings Pte Ltd Student, MBA University of Birmingham, UK yVU, Uv W In the world of business, being in the know makes all the difference between leaders230 words
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Advertisement107 2013-08-19 14 ■1 r: Looking for a new office for your business? You’re looking at the right ad HOI i wS W m 3 m S' Search for your ideal office from over 5,000 commercial and industrial properties. Discover Top 10 Popular Projects every week 13 “Sort by psf” feature helps you107 words
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ECONOMY WATCH
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642 2013-08-19 15 Strong ECB support, improved economic indicators helping it turn page on crisis AFP [PARIS] The eurozone bond market is gradually recovering from the disruption caused by the debt crisis, analysts say, with the gap in borrowing costs between fragile countries and GermanyAFP - 642 words
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Article, Illustration360 2013-08-19 15 Reuters [ATHENS] Greece will lift restrictions on home foreclosures to allow banks to recover bad loans, the finance minister said, adding fuel to a row that may test the cohesion of its fragile coalition government. Cash-strapped banks are currently barred fromReuters - 360 words
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778 2013-08-19 15 Wide disparities in lending norms seen across Europe Reuters [BERLIN] Remember the days when you could take a mortgage big enough to buy the house and furnish it, a car to park outside and a holiday to celebrate all on a repayment schedule that only MethuselahReuters - 778 words
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Advertisement126 2013-08-19 15 ShareInvestor Congratulations to our award winners*! Our participants at INVEST Fair 2013 voted for the award categories below: MOST PREFERRED FINANCIAL EDUCATOR MOST PREFERRED ALTERNATIVE INVESTMENT PROVIDER MOST PREFERRED CFD PROVIDER MOST PREFERRED FOREX PROVIDER MOST PREFERRED STOCK BROKING HOUSE Shenton Wealth Holdings Adam Khoo Learning Technologies Group Pte Ltd126 words
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WORLD
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432 2013-08-19 16 Anonymous £500,000 gift made in 1928 has mushroomed to £350m, says trustee Barclays Bank Reuters [LONDON] An anonymous half a million pound bequest to Britain has mushroomed to £350 million (S$695.3 million) since it was made 85 years ago, trustee Barclays Bank said butReuters - 432 words
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Article, Illustration953 2013-08-19 16 Stronger greenback is another reason for flagging demand Reuters [NEW YORK] Foreign investors, who rapaciously scooped up US real estate during the 2007-2009 recession, are backing away from the same markets they so eagerly jumped into a few years ago. RealReuters; PHOTO: AFP - 953 words
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Article, Illustration494 2013-08-19 17 Cheap labour from poorer EU members crowding out many westerners, he says Reu ters [AMSTERDAM] The Dutch deputy premier has called for the European Union to deal with the “negative consequences” of unprecedented levels of labour migration within the bloc, calling forReuters - 494 words
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362 2013-08-19 17 Company ready to accept ruling by top Korean court, says report AFP [TOKYO] A Japanese steel giant sued by South Korean wartime slave workers is ready to pay compensation if it loses a long-running legal battle abroad, Japanese media said yesterday. Last monthAFP - 362 words
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Article, Illustration820 2013-08-19 17 AFP [LA LINEA DE LA CONCEPCION, Spain] Tobacco smugglers Miguel and Jaime keep their heads down as they race across the waves on a jet ski with a chasing Gibraltar police patrol boat close behind. This is the thrilling side of widespread smuggling of cigarettesAFP; PHOTO: AFP - 820 words
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Article, Illustration899 2013-08-19 18 Financing is growing for sites replicating real world shopping experiences online NYT [NEW YORK] Shopping online is easier than shopping in a mall as long as you know exactly what you want to buy. The problem comes when you don’t know what youNYT; PHOTO: NYT - 899 words
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485 2013-08-19 18 A$70b of likely cuts will weaken the economy, PM warns AFP [SYDNEY] Australia’s embattled Labor Prime Minister Kevin Rudd yesterday warned the country faced the risk of a recession if the conservative opposition are elected at next month’s polls. Mr Rudd saidAFP - 485 words
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Article, Illustration874 2013-08-19 20 Flexibile labour laws will help companies better compete globally: economists NYT [TAGAJO, Japan] Shusaku Tani is employed at the Sony plant here, but he doesn’t really work. For more than two years, he has come to a small room, takenNYT; PHOTO: AFP - 874 words
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Article, Illustration386 2013-08-19 20 AP [SEOUL] North Korea yesterday accepted South Korea’s offer of talks on holding a reunion of families separated by war, but proposed separate talks on resuming jointly run tours in North Korea, implying that it wants a restart of the lucrative toursAP; PHOTO: REUTERS - 386 words
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769 2013-08-19 20 Incident on Aug 8 puts at risk millions of pounds of meat NYT [WASHINGTON] A troubled new computer system for the United States’ 6,500 meat packing and processing plants shut down for two days this month, putting at risk millions of poundsNYT - 769 words
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397 2013-08-19 20 Reuters [ATHENS] Greece dismissed the chairman of its privatisation agency yesterday after a newspaper reported that he travelled on the private plane of a businessman who just bought a state company. Stelios Stavridis is the second head of the Hellenic Republic Asset Development Fund (HRADF)Reuters - 397 words
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Article, Illustration585 2013-08-19 20 Bloomb erg [LONDON] A rare 1960s Ferrari convertible was sold on Saturday night in California for a record US$27.5 million. The 1967 Ferrari 275 GTB/4*S NART Spyder’s price was the most paid at auction for the Italian carmaker anywhere in the world and theBloomberg; PHOTO: BLOOMBERG - 585 words
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Advertisement137 2013-08-19 16 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!137 words
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Page 17 Advertisements
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Advertisement1063 2013-08-19 17 The Herencia CL/C5\_) 46&S8 Kim Yam Road www.theherencia.com 1 FOR LEASE Office Commercial School Customize Sizes from 350 sqft to 160,000 sqft Next to Clarke Quay, Robertson Quay and Orchard Road apt i tude 1 real estate odvtsory pte ltd Agency Licence No.: L*****80F r •f-v 8688 2122 Nicole Tan1,063 words
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Advertisement675 2013-08-19 18 A special feature brought to you by B 1 STJOBS.sg WHY IT'S IMPORTANT TO DEVELOP YOUR EMPLOYEES BY: CHERYL MAH The latest findings of the Employment Situation for the second quarter of 2013 released by the Ministry of Manpower (MOM) on 31 July highlighted the tight labour market in which675 words
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Advertisement315 2013-08-19 19 THE STRAITS TIMES WHEREVER YOU ARE (5r V is F r i > 4 r r _k 4 STAY INFORMED ON WHAT MATTERS MOST GRAB THESE FABULOUS GIFTS when you Subscribe to The Straits Times. Select o Plan and pick your gift! 3-Year Rian 3-Yeor Plan is exclusive to new315 words
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AVIATION/SHIPPING
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Article, Illustration687 2013-08-19 21 Passage cuts up to two weeks from traditional route to Europe via Suez AFP [SHANGHAI] The maiden voyage to Europe by a Chinese merchant ship through the “North-east Passage” will help the world’s biggest exporter speed goods to market and is aAFP; PHOTO: AFP - 687 words
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Article, Illustration605 2013-08-19 21 Reuters [BIRMINGHAM, Alabama] The UPS cargo jet that crashed in Alabama last week, killing its two crew members, was flying on autopilot until seconds before impact, even after an alert that it was descending too quickly, authorities said on Saturday. “The autopilotReuters; PHOTO: AP - 605 words
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393 2013-08-19 21 Bloomberg [LONDON] Chevron Corp failed to sell North Sea Forties crude even after lowering its offer. There were no bids of offers for Russian Urals blend. Angola, Africa’s second-largest oil producer, will export 55 crude cargoes in October, twoBloomberg - 393 words
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Article237 2013-08-19 21 SGX '000 Aug 16 S$ +/-Vol CH Offshore 0.43 0.01 28 Chuan Hup Hldg 0.26 unch 134 Cosco Corp 0.72 unch 1010 '000 Ezra Hldgs 0.87 -0.01 1180 First Ship Lea Freight Links Grand Banks............unch unch 0 Jaya Hold Ltd K1Ventures 0.20 unch 6440 Keppel Corp 10.48 -0.05237 words
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346 2013-08-19 21 Its proposal did not meet key demands of South’s military AFP [SEOUL] European aerospace consortium EADS has been eliminated from a bid to provide fighter jets worth US$7.3 billion to South Korea due to a failure to meet some requirements, a reportAFP - 346 words
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Advertisement14 2013-08-19 21 Chinese prefertohold meetingat poolside, seaside, andinaSPA. To subscribe, call 6388-3838 or go to sphsubscription.com.sg14 words
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Page 21 Miscellaneous
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Miscellaneous280 2013-08-19 21 CRYPTIC CROSSWORD Across 5 Shoots fare for the Christmas dinner table? (7) 7 In a city that’s ancient, I caught Goldfinger (5) 9 Friendly foreign correspondent? (3,3) 10 Racket, fearful roar outside yard, is normal? (8) 11 Test burger out where impoverished journalists used to meet (4,6) 13 Ma’s toy280 words
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DINING OUT
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Article, Illustration866 2013-08-19 22 JAIME EE - Bochinche’s cuisine borrows liberally yet somehow ends up unique, saysJAIME JAIME EE NEW RESTAURANT Bochinche 22 Martin Road #02-01 Tel:6235-4990 Open Tuesday to Thursday and Sunday from 5.30pm to 12am. Friday and Saturday from 5.30pm to 2am. Closed on Monday. WHEN it comes866 words
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Advertisement152 2013-08-19 22 GET OnBOARd to enjoy stories inspiring travel and superb deals! Download the sgtravellers app now! YOUR CHANCE TO BAG A FREE HOLIDAY! Download this app from the Apple App Store or Google Play NOW and you could win one of these fabulous prizes: 10 pairs of Tigerair tickets to 5152 words
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SINGAPORE STOCKS
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Article3479 2013-08-19 23 Week ended: Aug 16 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 8.8 3.1 A-Sonic Sale Vol ('000) Week Last Quote 188 106 AIMSAMPIReit 145 -12 8258 157.5 143 144.5 145 7.43,479 words
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Article291 2013-08-19 24 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 $mil Last 2.4 1.3 t Advanced System 1.5 +0.1 313 1.5 1.4 1.4 1.6 23.8 Vol Week Last Quote Div Gr Yld Net M Cap291 words
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Article119 2013-08-19 24 Stock name Close Change CapMallsAsia 1.955 -0.015 CapitaLand 3.200 -0.040 CapitaMall 1.995 -0.005 CityDev 10.520 -0.150 ComfortDelGro 1.945 -0.010 DBS Grp 17.020 -0.120 GLP 2.720 -0.020 Genting SP 1.390 +0.010 Golden Agri 0.510 -0.005 HK Land 6.800 -0.040 Stock name Close Change HPH Trust US$ 0.735119 words
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Article2031 2013-08-19 24 Transaction date: Aug 16 HONG KONG Vol HK$ +/-'000 Aeon Stores '000 Angang Steel 5.26 0.06 ***** Anhui Conch Anhuiexpresswa 3.78 0.08 6214 Asia Satellite 29.20 unch 0 Asm Pacific unch Bank Of E Asia 31.90 -0.35 1702 Beida Jade Bir 0.39 0.01 80 Beijing Airpor 5.09 unch2,031 words
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Article264 2013-08-19 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A46.5 +3.5 214 46.5 43 45 48.5 3.6 7.5 3.8 172.2 52 31 Genting HK US$ US44.5 unch ***** 45 44 44 44.5 2930.1264 words
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Article186 2013-08-19 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 2 0 0 0 4 10 2 Manufacturing 86 65 34 12 16 9 98 81 43 Commerce 32 27 18 9 8 2 41 35 20 Tpt/Stor/Comms 23 19 3186 words
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Article971 2013-08-19 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 115.5 +1.5 184 115.5 115 114.1 115.3 527.2 143 120.4 CIMB APAC Div 100S$D 133.5 -1 41 135.5 133.5 132.9971 words
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Article123 2013-08-19 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 69,858 69,858 284,509 284,509 Manufacturing 2,082,160 365,255 2,447,415 928,109 19,792 947,901 Commerce 1,570,156 836,198 2,406,354 558,879 30,057 588,936 Tpt/Stor/Comms 714,081 106,951 821,032 689,551 41,867 731,418 Finance 786,280 34,528 820,808 1,000,106 14,625 1,014,731 Construction 812,168 259,443123 words
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Advertisement26 2013-08-19 24 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 TIMES26 words
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FINANCE & COMMODITIES
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Article588 2013-08-19 25 Aug 16 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.61 *****.52 *****.61 Sep13 *****.00 *****.00 *****.00 *****.00 ***** *****9 Dec13 *****.00 *****.00 *****.00 *****.00 16 ***** MSCI TAIWAN INDEX FUTURES SPOT 277.11 279.79 275.87 Aug13 276.30 279.60 272.50 277.90 ***** *****4 Sep13 275.20588 words
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373 2013-08-19 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 16 Index Change Change Change Change Change Change World Preliminary 1081.2 0.0 15.2 -0.1 17.4 0.3 13.0 EAFE Preliminary 889.6 0.0 14.9 0.1 14.4 0.5 10.1 Europe Preliminary 1276.5 0.4 11.3373 words
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Article472 2013-08-19 25 Aug 16 Aug A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.946 5.610 0.688 7.116 56.674 95.326 0.893 10.218 3.002 1.135 94.335 40.058 1.165 9.155 0.850 27.433 28.701 0.587 0.918 Canada 1.057472 words
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Article49 2013-08-19 25 Aug 16 (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$) 1 mth 1 mth 2 mths 2 mths 0.***** 9 mths 12 mths Source: Thomson Reuters49 words
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Article156 2013-08-19 25 Aug 16 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1642 1.1651 0.9175 0.9179 Canadian dollar 1.2307 1.2317 0.9704 0.9699 Euro 1.6930 1.6939 1.3342 1.3345 NZ dollar 1.0260 1.0271 0.8086 0.8092 Sterling pound 1.9832 1.9839 1.5629156 words
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Article109 2013-08-19 25 Aug 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 13 1283.25 1288.25 1296.00 1282.00 Nov 13 1259.25 1265.50 1272.00 1257.75 Jan 14 1261.75 1268.25 1274.25 1260.75 Mar 14 1250.75 1260.00 1265.25 1249.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 13109 words
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Article95 2013-08-19 25 Aug 16 COCOA (£/tonne) Close Prev High Low Sep 13 1643 1647 1653 1639 Dec 13 1650 1652 1659 1644 Mar 14 1631 1632 1639 1626 May 14 1630 1631 1638 1625 COFFEE(US$/tonne) Close Prev High Low Sep 13 1913 1952 1953 1913 Nov 13 1901 1918 1925 190095 words
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Article91 2013-08-19 25 Aug 16 Aug TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.26 6-Month BS*****V 07-Feb-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.04 5-Year N*****0T 0.5 01-Apr-1891 words
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Article135 2013-08-19 25 Aug 16 GOLD(US$/oz) Aug 15 Aug 16 Hong Kong 1347.00 1369.00 Aug 16 Aug 15 London 1367.59 1328.98 1368.46 1329.83 Source: Thomson Reuters CAST BAR Aug 16 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 126 56 5gm 357 279 10gm 637 558135 words
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Article57 2013-08-19 25 Aug 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2358.0 2367.0 2382.0 2358.0 1053 7348 Oct 13 2340.0 2324.0 2352.0 2322.0 7730 ***** Nov 13 2320.0 2309.0 2336.0 2305.0 ***** ***** Dec 13 2302.0 2303.057 words
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1131 2013-08-19 25 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 Exer Acma Ltd W*****7 Prem Disc Ascendas Reit MB ECW*****3 3.2 0.2 240 7 Asiatravel.com HoldingsW*****7 0.2 1 25 11 Asiatravel.com HoldingsW*****5 0.2 11,131 words
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Article70 2013-08-19 25 CRUDE OIL PRODUCTS Aug 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.92 1.42 WTI (Near Mth) 107.24 0.38 Dubai (1-Mth F) 106.17 1.79 Tapis blend 118.04 1.93 Minas 110.74 1.93 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.83 1.50 Jet Kerosene 125.27 1.22 US$/barrel OpecOil Basket70 words
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Article23 2013-08-19 25 Aug 16 Aug s$ Bid Offer 1-month 1.2689 1.2693 2-months 1.2688 1.2694 3-months 1.2689 1.2694 6-months 1.2688 1.2697 Source: OCBC23 words
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Article66 2013-08-19 25 Aug-16 Aug-16 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1898.50 1861.00 3 months 1945.00 1908.00 Copper, Grade A(US$/tonne) Cash 7371.75 7282.25 3 months 7400.00 7309.00 Lead(US$/tonne) Cash 2245.25 2198.50 3 months 2249.50 2207.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months66 words
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Article121 2013-08-19 25 As at 9am Aug 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.185 1.129 Can dollar 1.254 1.206 Euro 1.732 1.650 Sterling pound 2.020 1.943 NZ dollar 1.048 1.008 US dollar 1.294 1.233 Local dollars to 100 units of foreign121 words
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Article157 2013-08-19 25 Aug 16 $S Offer Bid 0vernight 0.08 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.06 US$ 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 12157 words
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Article2346 2013-08-19 26 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 THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE2,346 words
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Advertisement70 2013-08-19 26 Legal services required by shippers owners Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? Shippers looking for Warehouse Can they find70 words
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Advertisement18 2013-08-19 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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Advertisement186 2013-08-19 27 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your186 words
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Advertisement40 2013-08-19 28 always get me CHEAPEST PARKING! Download the sgCarMart carpark rates guide! Search by Name > Carpark Listing > Nearby Carpark > Lot Availability > Traffic Camera > 1 Available on the iPhone Googl play App Store CarMart Com THE ONLY PLACE FOR SMART CAR BOYERS40 words
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Advertisement94 2013-08-19 29 NOW THERE IS A QUICK AND FREE WAY TO SELL YOUR CAR ■‘v 4 < i i i ,1: f I mK s> POST YOUR CAR AD FOR FREE ...pv r*%i .-.-H >>%*. r T f- Vi a* < w. ir i- V\ T.'.w Tr: 1 I y .W If.94 words
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Article, Illustration933 2013-08-19 30 AMIT ROY CHOUDHURY - Survey shows 75% of businesses here feel the need to cut costs, reports AMIT ROY CHOUDHURY MANY organisations miss out on big IT cost savings each year because they prematurely upgrade networking infrastructure and insufficiently scrutinise ongoing maintenance contracts, says a new study.933 words
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180 2013-08-19 30 AFP [PARIS] South Korea’s Samsung Electronics will unveil its new Galaxy Gear “smartwatch” early next month, ahead of Apple’s iWatch, Bloomberg News and a fan site said on Saturday. The Galaxy Gear, which will allow users to make calls, access email andAFP - 180 words
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Article, Illustration1005 2013-08-19 28 KEVIN KWANG - Firm says its strong performance stems from its ‘protect and attack’ strategy By KEVIN KWANG LENOVO recently wrested the No 1 PC-maker title from arch-rival HewlettPackard (HP), but it’s not resting on its laurels; the Chinese company is seeking to1,005 words
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397 2013-08-19 28 AP [TORONTO] BlackBerry CEO Thorsten Heins could receive almost US$55.6 million if the company is sold and he is ousted from the top job. Mr Heins would receive US$48 million in equity awards, based on the company’s share priceAP - 397 words
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Article, Illustration648 2013-08-19 28 AMIT ROY CHOUDHURY - Momentum good since its merger with Mahindra Satyam By AMIT ROY CHOUDHURY INDIAN information technology (IT) company Tech Mahindra is looking at robust organic growth on the back of a 22 per cent increase in revenue for the first full quarter648 words
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598 2013-08-19 28 VICTORIA HO - By VICTORIA HO DISNEY is launching its ambitious new Disney Infinity plan this week and, with it, it is recreating the toy box that we grew up with, along with an all-new digital plan. The new line of products will see Disney release598 words
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Article, Illustration845 2013-08-19 29 VICTORIA HO - SMEs majority of its customers keen to close gap with bigger competitors By VICTORIA HO AS the big data phenomenon sweeps businesses, smaller companies are pushing their software developers for analytics products in order to close the gap with larger competitors, according to845 words
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626 2013-08-19 29 KEVIN KWANG - By KEVIN KWANG EVER felt unfulfilled and asked yourself “but what’s next?” after you have finished reading an online article? That’s the feeling US start-up Outbrain “passionate about helping people discover great content” hopes to eliminate. The content discovery platform was626 words
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Advertisement62 2013-08-19 30 Deutsche Bank db.com Only a strong bank can be a good partner. This advertisement has been approved and/or communicated by Deutsche Bank AG and appears as a matter of record only. The services described in this advertisement are provided by Deutsche Bank AG or by its subsidiaries and/or affiliates in62 words
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