The Business Times, 20 August 2013
This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.
2013-08-20
1
28
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section25 2013-08-20 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, August 20, 201325 words
-
1073 2013-08-20 1 CAI HAOXIANG - Proposal to reduce board lot size to 100 units will make blue chips more accessible By CAI HAOXIANG haoxiang@sph.com.sg [SINGAPORE] In a move that might improve liquidity and entice retail investors back into the market, the Singapore Exchange (SGX) is proposing1,073 words
-
MARKETS DIGEST
-
Article65 2013-08-20 1 HST INDEX 3,173.33 (-24.20) HST INDEX FUTURES 3,165.00 (-25.00) HSIMSCI 361.59 (-1.81) HSIMSCI FUTURES 359.90 (-2.00) US$ S$ US$ (S$ per US$) 1.274 (US$/S$ per 1.564 1.992 EURO (US$/S$/€ 1.333 1.697 Foreign currency per US$ S$ YEN 97.60 76.60 RM 3.285 2.579 HK$ 7.754 6.089 BAHT 31.37 24.63 RUPIAH65 words
-
Article47 2013-08-20 1 Monday Change KL COMP 1,778.36 -9.88 NIKKEI 225 13,758.13 +108.02 HANG SENG 22,463.70 -54.11 SET INDEX 1,398.48 -47.28 JAKARTA COMP 4,313.52 -255.14 MANILA COMP Closed SEOUL COMP 1,917.64 -2.47 SHENZHEN B 821.87 +6.12 MUMBAI IND 18,307.52 -290.66 12noon EDT Change DOW 15,067.95 -13.52 NASDAQ 3,617.37 +14.5947 words
-
Article20 2013-08-20 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA KOREA TAIWAN BRITAIN JAPAN 1.475 KOREA 9.33 BRITAIN Source: Bloomberg20 words
-
-
840 2013-08-20 1 TEH SHI NING - Analysts feel the wealthy may have to pay more taxes By TEH SHI NING tshining@sph.com.sg [SINGAPORE] All good things have to be paid for, Prime Minister Lee Hsien Loong said in his National Day Rally on Sunday night, raising the possibility of840 words
-
Page 1 Advertisements
-
Advertisement380 2013-08-20 1 EMERGING ENTERPRISE The tech-savvy fish farmer PAGE 9 OPINION Time to take Africa’s growth seriously PAGE 20 ECONOMY Thailand slips into recession SME Inc Hungry for deals that cost just $1 PAGE 10 PAGE 17 *****1 *****4 P S H V S U m HSBC H> 4-8R0 8500 0000 8888380 words
-
Advertisement36 2013-08-20 1 MORE REPORTS Changi races against time and rivals PAGE 2 Commentary: Build it and they’ll come PAGE 2 Housing grants a move in the right direction PAGE 4 Edusave will benefit 20,000 more students PAGE 436 words
-
-
TOP STORIES
-
Article, Illustration127 2013-08-20 2 THE REGIONAL AIRPORT RACE: What Changi is up against EGIONAL AIPOT AC: Changi isupagainst *1981’s figure includes traffic at Paya Lebar Airport for the Jan-Jun period. TEXT: JOYCE HOOI GRAPHICS: LUDWIG ILIO Source: Changi Airport Group Passenger numbers of major regional airports in 2012Source: Changi Airport Group - 127 words
-
767 2013-08-20 2 JOYCE HOOI - Third runway, new terminals to help Singapore keep pace with its competitors By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Changi Airport’s glass-and-steel Project Jewel will glint in its crown as a centre of retail and recreational indulgence by 2018, but analysts are keenly watching the airport’s767 words
-
Article, Illustration1046 2013-08-20 2 VEN SREENIVASAN - Changi is preparing for the future and building up its capacity now COMMENTARY VEN SREENIVASAN ven@sph.com.sg Associate News Editor IN the movie Field of Dreams, Kevin Costner, who plays an avid baseball player, hears the voices of dead baseball players saying: “If you build it,1,046 words
-
Article, Illustration813 2013-08-20 4 MINDY TAN - But consultants vary in their assessment of the impact on the wider market By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] While consultants concur that the grants outlined at Sunday’s National Day Rally are a move in the right direction to promote home ownership, theyPHOTO: ALPHONSUS CHERN/THE STRAITS TIMES - 813 words
-
206 2013-08-20 4 TEH SHI NING - By TEH SHI NING tshining@sph.com.sg [SINGAPORE] The Workers’ Party yesterday said that changes announced by Prime Minister Lee Hsien Loong at the National Day Rally were “promising, but implementation is key”. Singapore’s only opposition party with members of parliament saw Mr206 words
-
517 2013-08-20 4 LEE U-WEN - By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] Some 20,000 children currently not on the Edusave scheme will be roped in from next year, with each receiving an annual sum of $200 or $240 depending on their age. In his National Day Rally speech on Sunday, Prime517 words
-
501 2013-08-20 4 MALMINDERJIT SINGH - By MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] The business community has welcomed the government’s plans to offer more support and help to cope with the challenges of economic restructuring, even though their concerns about tightening of foreign labour and rising costs remain. Responding to501 words
-
Article312 2013-08-20 4 SGX plans to cut lot size to raise liquidity IN a move that might improve liquidity and entice retail investors back into the market, the SGX is proposing to reduce the standard size of securities traded. FRONT PAGE With spending set to rise, will taxes follow? OBSERVERS think312 words
-
-
Page 2 Advertisements
-
Advertisement6 2013-08-20 2 Three-minute Digest is on Page 46 words
-
-
Page 3 Advertisements
-
Advertisement110 2013-08-20 3 m If. PATEK PHILIPPE GENEVE egin your (j)Wnj tradition. C* I J I I V i m i t 7 fm V PS S| I ■s r. w J o 3* tB H m K/ r r t m m ■sV M msM WX: V 1 Mf. W m «ic110 words
-
-
Page 4 Advertisements
-
Advertisement114 2013-08-20 4 I^'SMU SINGAPORE MANAGEMENT UNIVERSITY HERBERT SMITH FREEHILLS a ..r .'JL 5 .I"" L Ul I r* r vvr.vww.’ v,r m TV m mfk fU mm ts Herbert Smith Freehills SMU Asian Arbitration Lecture International Arbitration: Private Parties and Public International Law Speaker: The Rt Hon The Lord Collins Of Mapesbury114 words
-
-
COMPANY NEWS
-
729 2013-08-20 5 CAI HAOXIANG - Move will create more interest in blue chips but some brokers worry about commissions going down By CAI HAOXIANG By haoxiang@sph.com.sg THE proposal to reduce the standard size of securities traded on the Singapore Exchange (SGX) from 1,000 shares per lot to729 words
-
Article, Illustration614 2013-08-20 5 ANDREA SOH - By ANDREA SOH sandrea@sph.com.sg CHINA Mining International’s mandate to pursue metal mining businesses in China has been given a new lease of life, with a reverse takeover (RTO) deal set to transform the Chinese property development firm into a pure mining company.PHOTO: ARTHUR LEE - 614 words
-
Article, Illustration502 2013-08-20 7 KALPANA RASHIWALA - Prices average $2,000 psf after discount; CDL sells 76% of Sengkang EC BY KALPANA RASHIWALA kalpana@sph.com.sg ROBERT Kuok’s Allgreen Properties is releasing its RV Residences, a 999-year leasehold project on River Valley Road (in front of Valley Park) this week. After early-bird discounts,502 words
-
531 2013-08-20 7 MICHELLE QUAH - It also partners a unit of globally renowned builder By MICHELLE QUAH michquah@sph.com.sg FRESH off announcing an almost-$1 billion reverse takeover (RTO) deal, Cata-list-listed Cedar Strategic Holdings (Cedar) says that it is now looking to raise up to $14.7 million in a531 words
-
Article257 2013-08-20 7 ANNABETH LEOW - By ANNABETH LEOW leowhma@sph.com.sg CENTURION Corporation, a provider of workers’ accommodation in Singapore and Malaysia under the Westlite brand, is upbeat about its outlook. The group said at a financial results briefing yesterday that the industry landscape remains favourable. While demand for quality workers’ accommodation is257 words
-
3952 2013-08-20 8 Six months ended June 2013 NET PROFIT TURNOVER CURRENT PREVIOUS CURRENT PREVIOUS CHNG CHNG (S$m) (S$m) Three months ended June 2013 NET PROFIT TURNOVER CURRENT PREVIOUS CURRENT PREVIOUS CHNG CHNG (S$m) (S$m) 1 DBS Grp 1837.0 1743.0 5.4 4626.0 4101.0 12.8 887.0 810.03,952 words
-
-
Page 5 Advertisements
-
Advertisement366 2013-08-20 5 Now included under CPFIS scheme W Allianz Europe Equity Growth European League Champion A 4 M W Score superior potential returns with our award-winning Allianz Europe Equity Growth fund Attractive valuations of European equities offer potential capital appreciation A high conviction portfolio of companies with high structural growth potential Proven366 words
-
-
SINGAPORE MARKETS
-
Article, Illustration477 2013-08-20 6 VEN SREENIVASAN - Many market players sit out uncertainty as ST Index sheds 24 points STOCKS VEN SREENIVASAN ven@sph.com.sg Associate News Editor THE Singapore equities market opened on a cautious tone yesterday, heading into a week which will be chock-a-block full of economic data. However, the pullbackSource: Bloomberg - 477 words
-
Article73 2013-08-20 6 Aug 19 VALUE CLOSE BT OB/OS -452.00 -143.00 BT CADI -*****.00 -122.00 BT 10-day MA -*****.00 -45.00 FTSE ST Mid Cap 747.21 -7.91 FTSE ST Small Cap 550.43 -6.82 FTSE ST All Share 775.22 -6.55 FTSE ST China Top 196.46 -1.91 FTSE ST China 227.88 -0.70 FTSE73 words
-
Article186 2013-08-20 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 3 0 0 0 6 5 3 Manufacturing 31 70 37 9 8 8 40 78 45 Commerce 16 29 17 5 3 4 21 32 21 Tpt/Stor/Comms 12 16 10186 words
-
Article121 2013-08-20 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,782 10,782 33,138 33,138 Manufacturing 276,726 128,497 405,223 132,908 5,089 137,997 Commerce 157,541 23,706 181,247 138,730 1,965 140,695 Tpt/Stor/Comms 104,264 19,858 124,122 130,966 7,809 138,775 Finance 119,271 7,900 127,171 119,350 3,294 122,643 Construction 159,830 99,031121 words
-
Article, Illustration889 2013-08-20 6 ANDREA SOH - Compiled by ANDREA SOH Cache Logistics Trust Aug 19 close: $1.140 OCBC Investment Research, Aug 19 AFTER staying quiet for over four months following the completion of the Precise Two acquisition on April 1, we believe Cache Logistics Trust (Cache) may now be close to striking another acquisitionSource: Bloomberg - 889 words
-
Article116 2013-08-20 6 Stock name Close Change CapMallsAsia 1.965 +0.010 CapitaLand 3.200 CapitaMall 1.965 -0.030 CityDev 10.64 +0.120 ComfortDelGro 1.925 -0.020 DBS Grp 16.76 -0.260 GLP 2.660 -0.060 Genting SP 1.405 +0.015 Golden Agri 0.520 +0.010 HK Land 6.810 +0.010 HPH Trust US$ 0.740 +0.005 JMH 53.62 -2.490 JSH116 words
-
Article, Illustration476 2013-08-20 6 CURRENCIES Reu ters [LONDON] The US dollar struggled yesterday as investors held back before Federal Reserve minutes this week that are likely to set a course for the currency, depending on how they affect the outlook for the Fed’s stimulus programme. The dollar index wasReuters; PHOTO: BLOOMBERG - 476 words
-
Article54 2013-08-20 6 VOLUME SingHaiyi 455,355,000 Mirach Energy 156,510,000 Innopac 103,631,000 GSH Corp 74,045,000 Tritech 70,698,000 IPCO Intl 68,157,000 Golden Agri 59,208,000 YHM 49,961,000 Magnus 42,527,000 Rowsley 41,441,000 VALUE($) Mirach Energy 60,845,670 DBS Grp 51,095,412 SingTel 50,173,190 GLP 48,601,800 Tritech 44,320,380 JMH 41,591,869 Genting SP 35,410,705 Golden Agri 30,797,405 Ascendasreit54 words
-
Article111 2013-08-20 6 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 210.1 1.3 DBXT MSUSA 10US$ 4086 184.7 3.7 GLD 10US$ ***** 142.6 0.9 DBXT FTVietnam 10US$ 2356 42.0 1.4 DBXT FTChina25 10US$ 2839 30.6 0.9 DBXT S&P Short 10US$ 2951 20.4 0.5 CityDev 1064 12.0 1.1 NSL 154 10.5 7.3 Lyxor111 words
-
Article127 2013-08-20 6 BY CENTS CLOSE DOWN Lyxor Indonesia10US$ 8323-1318.0 -11.1 DBXT Nifty 10US$ 8790 -571.8 -4.9 SPDRS S&P 500 10US$ ***** -327.3 -1.5 JMH 5362 -317.1 -4.4 JSH 3271 -234.3 -5.3 DBXT MSINDO 10us$ 1314 -175.7 -9.5 Jardine C&C 3841 -119.0 -3.0 DBXT MSTHAI 10US$ 1984 -48.4 -1.9 IS MS India127 words
-
-
Page 7 Advertisements
-
Advertisement469 2013-08-20 7 Every business is unique. Shouldn't financing solutions be too? y f. A ■y d* r > No Fuss. Just Good Business. Understanding that no two companies are quite alike is key to providing the right financing plan to meet unique business needs. More and more businesses across the region are469 words
-
-
SINGAPORE NEWS
-
341 2013-08-20 9 MINDY TAN - Certification allows them to be marketed as green projects By MINDY TAN tanmindy@sph.com.sg NINE developments have been recognised for creatively weaving greenery and nature into their designs under a new certification scheme of the National Parks Board (NParks). The certification, valid341 words
-
Article, Illustration829 2013-08-20 9 saysNG ZHUO YANG - Malcolm Ong devised an innovative system to help him solve issues plaguing his fish farms, saysNG saysNG ZHUO YANG THE Metropolitan Fishery Group (MFG) runs four offshore fish farms along the Straits of Johor. With an annual production capacity of 600 tonnes of fish working out829 words
-
SINGAPORE ROUNDUP
-
135 2013-08-20 9 THE Minister for Finance has re-appointed Peter Ong Boon Kwee, Permanent Secretary (Finance), as chairman of the Board of Inland Revenue Authority of Singapore (IRAS). Four board members were also re-appointed along with three new members. The appointments will take effect from Sept 1, 2013 to135 words
-
107 2013-08-20 9 MARINA Bay Sands’ (MBS) corporate social responsibility (CSR) programme, Sands for Singapore, raised over $3.6 million to benefit local non-profit organisations in its first annual three-day signature charity event, Sands for Singapore Festival. This exceeded its initial target of $3 million. The event, through107 words
-
-
-
Page 9 Advertisements
-
Advertisement100 2013-08-20 9 This profile is the 12th 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 million or100 words
-
Advertisement62 2013-08-20 9 OTAITRONICS 39 th Taipei International Electronics Show In conjunction with Kt> BROADBAND TAIWAN Cfjb CLOUD I0T TAIWAN find us on I K 8 I i Electronic Components Meters Instruments LED Batteries Industrial Equipment More information, please contact Taiwan Trade Center, Singapore: Tel: *****369 Fax: *****315 E-mail: singapore@taitra.org.tw OCT. 8-11 TWTC62 words
-
-
SME Inc
-
Article, Illustration1199 2013-08-20 10 JASLENE PANG - Spungry, a homegrown F&B deal-shopping concept offers consumers and merchants risk-free deals, reports JASLENE PANG JOE Augustin, who is more well-known as a radio deejay, has become the “chef” meaning “chief” in French at Spungry, a homegrown F&B deal-shop-ping concept which sets out1,199 words
-
Article, Illustration963 2013-08-20 10 KHOO HONG MENG - THE VIEW FROM NTU PROFESSORS By KHOO HONG MENG The writer is a senior lecturer of marketing and international business at the Nanyang Business School, where she specialises in relationship marketing and green marketing MOST of us are aware of the significant changes taking963 words
-
-
Page 10 Advertisements
-
Advertisement115 2013-08-20 10 The office you need, where you need it mini I I III llll HU I Itilill ILL1J Whatever kind of office space you want, you’ll only ever pay for what you use nothing more. If you need an office all of the time, or part time, we can help. If115 words
-
Advertisement65 2013-08-20 10 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME Inc pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with65 words
-
-
Page 11 Advertisements
-
Advertisement470 2013-08-20 11 AN ASME-LIANHE ZAOBAO AWARD Singapore Prestige Brand Award 13 Your Brand Brilliance Has Outshone The Rest Dazzling the judges with visionary brand strategy and successful brand-building endeavours, the 43 Winners of Singapore Prestige Brand Award 2013 are poised to enter an exciting new chapter of growth. These outstanding beacons of470 words
-
-
MALAYSIA/INDONESIA
-
Article, Illustration773 2013-08-20 12 Indonesia’s currency falls to 10,500 per US dollar for first time since 2009 Bloomberg [JAKARTA] Indonesia’s rupiah fell to 10,500 per US dollar for the first time since 2009, stocks dropped by the most in 22 months and government bonds plunged after theBloomberg; PHOTO: AFP - 773 words
-
252 2013-08-20 12 [PUTRAJAYA] Prime Minister Najib Razak said yesterday that Malaysia Airlines (MAS) will not be privatised. He said that MAS will not be privatised as the national carrier’s turnaround plan showed the total losses were shrinking, according to The Business Times in Malaysia that carried252 words
-
418 2013-08-20 12 [GEORGE TOWN] Slightly more than half of the companies located in the Free Industrial Zone, Penang, are expecting their third-quarter 2013 performance to be flat compared with the previous corresponding quarter. A survey by the Free Industrial Zone, Penang418 words
-
-
Page 12 Advertisements
-
Advertisement566 2013-08-20 12 Doing Business, The New Normal ARE U IN? A market upheaval is in progress and it is already challenging the way we traditionally do business. This breed of entrepreneurs called ‘technopreneurs’ are fast changing the business landscape, from crowd-funding to how they ‘disrupt’ the market and expeditiously grow their companies.566 words
-
Advertisement101 2013-08-20 12 s> u.s.mm COMMERCIAL SERVICE United States of America Department of Commerce S/ Rga?o'^ > Singapore Manufacturing Federation SEMINAR ON BUSINESS INVESTMENT INTO THE U.S.A. MONDAY, AUGUST 26,9:30AM Singapore is the 18th largest source of FDI into the United States and the third largest source from the Asia Pacific region as101 words
-
-
GREATER CHINA/INDIA
-
Article, Illustration666 2013-08-20 13 But World Bank’s chief economist says country’s problems are overplayed AFP [MUMBAI] India’s currency plunged to a new low and shares tumbled another 2 per cent yesterday even as the World Bank’s chief economist said the country’s economic problems were “overplayed”. Kaushik BasuAFP; PHOTO: REUTERS - 666 words
-
683 2013-08-20 13 Bloomberg [SHANGHAI] Everbright Securities Co’s woes worsened after erroneous trades that sparked the wildest Chinese stock swings in four years, as the firm was banned from proprietary trading and said that it mispriced a bond sale. State-controlled Everbright said that it placed 23.4 billionBloomberg - 683 words
-
-
Page 13 Advertisements
-
Advertisement53 2013-08-20 13 HOT PROPERTY m !l! iUl!!l! Ill' 1 L ES. <111 Immed!**’ Suit s MHon! ®S&£SSL£e Plaza* Ceniral J 5 Llm Twr 732/ 9 5 e 72s' f 08sf OFFICE SPACE FOR RENT Check this and many other properties in CATS Classified in The Straits Times now! MATS BUY IT* SELL53 words
-
Advertisement24 2013-08-20 13 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG FflCEBODK.COM/HOTFMSG I 3* HOTFMSG24 words
-
Advertisement1168 2013-08-20 13 WATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices BALANCE SHEET 000’s omitted The schedules referred to above form an integral part of the Profit and Loss Account. The profit and loss Account has been prepared in conformity with Form ‘B’of the Third Schedule to the Banking Regulation Act 1949 SCHEDULE1,168 words
-
-
ECONOMY WATCH
-
Article, Illustration992 2013-08-20 14 It is also less likely to extend or expand use of extraordinary measures Reuters [WASHINGTON] Barring another financial crisis or slide back into recession, the next head of the Federal Reserve is likely to oversee a gradual normalisation of monetary policy.Reuters; PHOTOS: BLOOMBERG - 992 words
-
367 2013-08-20 14 Reuters [LONDON] Britain’s unemployment rate is likely to fall slowly to reach 7.5 per cent by late 2014, a leading business lobby said, chiming with a Bank of England prediction that signalled record-low interest rates for another three years. In itsReuters - 367 words
-
580 2013-08-20 14 Bonds hold gains despite warning from Moody’s Bloomberg [TOKYO] The bond market is showing confidence in Japanese Prime Minister Shinzo Abe’s tax plans, ignoring a warning from Moody’s Investors Service that a watered-down sales levy increase could hurt the nation’s credit. The cost toBloomberg - 580 words
-
-
Page 14 Advertisements
-
Advertisement1365 2013-08-20 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ASIA TEX HOLDING PTE. LTD. (In Member’s Voluntary Winding Up) Company Registration No. ***** 1905G NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308(1) of1,365 words
-
Advertisement206 2013-08-20 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF JLF PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****7529D NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Members206 words
-
Advertisement20 2013-08-20 14 ,Insta .wf o Share yours on Instagram! #mooncakes201 3 eat.omy.sg Download omy Apps omy News iOS App Store Google Play20 words
-
-
WORLD
-
Article, Illustration857 2013-08-20 15 European Central Bank may have to take action to bring down forward rates Reuters [FRANKFURT] Mario Draghi’s silver-tongued eloquence isn’t working like it used to at least judging from money market rates. The European Central Bank (ECB) chief, who wowed investors with his vowReuters; PHOTO: REUTERS - 857 words
-
375 2013-08-20 15 They find it harder to raise funds, according to EY Oil and Gas Eye Index Reuters [LONDON] Takeover action is on the horizon among smaller and weaker London-listed oil companies because they are finding it harder to raise funds, while their larger peers areReuters - 375 words
-
742 2013-08-20 16 Aim is to reduce reliance on Wall St firms that manage most of their money NYT [NEW YORK] Investors responsible for more than US$2 trillion recently gathered at a resort in the Canadian Rockies to consider ways to put their money toNYT - 742 words
-
Article, Illustration650 2013-08-20 16 Reuters [NEW YORK] US companies’ warnings that a stronger dollar could drag on profits in the second half of the year could prove overstated. The dollar has lately been defying expectations of a rise, weakening at a time when the bettingReuters; PHOTO: BLOOMBERG - 650 words
-
665 2013-08-20 16 Bloomberg [EDINBURGH] Scottish First Minister Alex Salmond says North Sea oil and gas is a boon for Scotland’s economy, helping it outperform the rest of Britain and making the case for independence. Official UK economic data suggest otherwise. A 30 perBloomberg - 665 words
-
Article, Illustration549 2013-08-20 16 Junk bond issuance, investors’ leverage, stock prices near highs Bloomberg [WASHINGTON] President Barack Obama, who took office amid the collapse of the last financial bubble, wants to make sure his economic recovery doesn’t generate the next one. Mr ObamaBloomberg; PHOTO: AFP - 549 words
-
368 2013-08-20 16 Reuters [LONDON] Vodafone Group paid millions to Britain’s tax authority as part of a settlement linked to its Irish unit, The Guardian reported. The Guardian reported on Sunday that accounts filed in Dublin showed that in 2009, Her Majesty’s Revenue and CustomsReuters - 368 words
-
Article, Illustration838 2013-08-20 17 Unexpected decline follows 1.7% fall in Q1 but economy expected to improve Reuters [BANGKOK] Thailand’s economy shrank unexpectedly in the second quarter, slipping into a mild recession on weak exports and domestic demand, but worries over high household debt are likely to keepReuters; PHOTO: BLOOMBERG - 838 words
-
772 2013-08-20 17 Funds and provincial govts cashing in on demand for delicacy Bloom berg [HO CHI MINH CITY] In Vietnam, where the average income is US$151 a month, Mai Vu and husband David Nguyen routinely spend US$250 on edible bird’s nest. The couple accounts forBloomberg - 772 words
-
Article, Illustration332 2013-08-20 17 He is still the lowest paid among heads of the nation’s four biggest banks Bloomberg [SYDNEY] Commonwealth Bank of Australia (CBA) paid chief executive officer Ian Narev’s A$7.8 million (S$9.1 million) in its last business year, during which the lender reported record profit. TheBloomberg; PHOTO: REUTERS - 332 words
-
829 2013-08-20 17 Bloomberg [TOKYO] Mizuho Financial Group’s fruitless search for profit growth in Japan is pushing the lender on an acquisition hunt through South-east Asia that may lead to Thailand’s TMB Bank or Bank Pan Indonesia. Burdened with the lowest loan marginsBloomberg - 829 words
-
261 2013-08-20 17 AP [BERLIN] German Chancellor Angela Merkel dismissed suggestions that she might step down before completing a third term if her party is victorious in next month’s general election, and insisted that she wants to continue the cen-tre-right coalition she has led since 2009.AP - 261 words
-
Article, Illustration700 2013-08-20 18 Weak yen, recovery in overseas demand taking hold, but deficit hits 1.02t yen on energy imports Reuters [TOKYO] Japanese exports rose in July at the fastest annual pace in nearly three years as the benefits of a weak yen finally startedReuters; PHOTO: BLOOMBERG - 700 words
-
Article, Illustration631 2013-08-20 18 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo US President Barack Obama’s administration sees it as a “top priority” to conclude a “strong” Trans-Pacific Partnership agreement by the end of this year with TPP partners, US Trade Representative Michael Froman said in Tokyo631 words
-
408 2013-08-20 18 Bloomberg [HANOI] The International Monetary Fund (IMF) says Vietnam hasn’t committed to injecting capital into the country’s banks, following its recommendations calling for measures beyond buying bad debt from lenders. It’s “in the interest of the overall financial system”, said Sanjay Kalra, the IMF’sBloomberg - 408 words
-
343 2013-08-20 18 Minister reminds the Commission of its own guidelines Reuters [BERLIN] Germany wants to ensure the European Commission does not overstep its powers on energy policy, a particularly sensitive issue as the country exits nuclear power, Economy Minister Philipp Roesler said in anReuters - 343 words
-
-
Page 15 Advertisements
-
Advertisement281 2013-08-20 15 Trade Gold/Bullion on your iPhone with POEMS Mobile! L. v 0 C 0 firs Sign up to attend our FREE special lunch-time gold seminars to hear the latest outlook for Gold! 2 sessions only! Seats limited! Find out from Phillip Futures. Key Price Drivers for Gold: Holdings and sales by281 words
-
Advertisement160 2013-08-20 15 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 E X ■w UXE L tv e truffle is a rare mushroom delicacy that is certainly160 words
-
-
Page 18 Advertisements
-
Advertisement13 2013-08-20 18 Find the nearest car workshop or towing service with our one-stop motoring directory.13 words
-
-
AVIATION/SHIPPING
-
Article, Illustration983 2013-08-20 19 Chu will have to find ways to fill premium seats; counter threat of budget airline Bloomberg [HONG KONG] Cathay Pacific Airways Ltd’s new chief will face the dual challenges of finding customers for premium seats as China’s economic growth cools and budget airline flightsBloomberg; PHOTO: BLOOMBERG - 983 words
-
639 2013-08-20 19 Reu ters [RIO DE JANEIRO] EIG Global Energy Partners LLC is interested in buying more assets from troubled Brazilian tycoon Eike Batista, a person familiar with the US investment company’s plans said days after it closed a US$544 million dealReuters - 639 words
-
Article, Illustration524 2013-08-20 19 Shipping line also expects US to be key growth driver Bloomberg [STOCKHOLM] AP Moel-ler-Maersk A/S, owner of the world’s biggest shipping line, said concern that emerging markets are losing their growth momentum is overdone. “The underlying story is very good,” Maersk chief executive officer NilsBloomberg; PHOTO: BLOOMBERG - 524 words
-
272 2013-08-20 19 Reuters [GIBRALTAR] British warships arrived in Gibraltar yesterday for scheduled exercises amid tension with Spain over fishing around the British Mediterranean enclave. Although British, Spanish and Gibraltarian authorities have said the navy’s arrival at the British overseas territory is long-scheduled, someReuters - 272 words
-
Article246 2013-08-20 19 SGX '000 Aug 19 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.26 unch 108 Cosco Corp 0.71 -0.01 1110 Ezra Hldgs 0.87 unch 832 First Ship Lea 0.08 unch 390 Freight Links 0.14 unch ***** Grand Banks unch unch 0 Jaya Hold Ltd Chuan Hup Hldg K1Ventures...............0.20246 words
-
-
Page 19 Advertisements
-
Advertisement82 2013-08-20 19 rq: c "mru n 7 7— > 1 T U 7 1 10-7 J /"Ssjl I 4 r^' •J “*7 C V_> FIND THE ONES THAT FIT! J Recruit the right people >x > rU 7 4- “7 77 1 through CATS Recruit. > 1 J> C7 Call 1800 28982 words
-
-
Page 19 Miscellaneous
-
Miscellaneous341 2013-08-20 19 CRYPTIC CROSSWORD Across 1 General bearing water in the east of England (6) 4 Concluded actors may be not very bright (8) 10 Event at which Irish town mostly follows attempt on the radio (9) 11 Support service by Britain (5) 12 Catch when covering hot pipes? (7) 13 Inexperienced341 words
-
-
EDITORIAL & OPINION
-
525 2013-08-20 20 EDITORIAL INDIA’S Prime Minister Manmohan Singh is not known for his oratory skills and in public appearances he usually has a sombre and serious expression. And yet, at his traditional Independence Day address from the ramparts of the historic Red Fort in New525 words
-
Article, Illustration801 2013-08-20 20 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group ONE of today’s economic puzzles is why the US Federal Reserve’s low interest rates haven’t spurred a stronger recovery. A partial answer lies in the beleaguered housing market, which is a crucial– The Washington Post Writers Group - 801 words
-
Article, Illustration1015 2013-08-20 20 RAZIA KHAN - Economies there have outperformed for more than a decade, and there is much potential By RAZIA KHAN The writer is Head of Africa Research at Standard Chartered Bank WITH the global economy in search of new growth champions, Africa stands out. Growth forecasts inPHOTO: AFP - 1,015 words
-
Article, Illustration2517 2013-08-20 21 CHANDRASHEKHAR GUPTA - Good executives can become great by internalising certain additional qualities to reach his full professional potential By CHANDRASHEKHAR GUPTA The writer is a nuclear scientist by academic training, a banker by profession, a coach-cum-mentor by vocation and calling, and a music and cricket lover byPHOTO: REUTERS - 2,517 words
-
-
Article1282 2013-08-20 22 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 THE1,282 words
-
Page 22 Advertisements
-
Advertisement34 2013-08-20 22 PLACE YOUR AD HERE .THE BUSINESS TIMES Shipping Times CALL JOE WONG AT 9620 1327 SJ ll-l FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II34 words
-
-
SINGAPORE STOCKS
-
Article3010 2013-08-20 23 Transaction date: Aug 19 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 15 12 8Telecom M Cap High Low Company 75 57 ASL Marine3,010 words
-
Article256 2013-08-20 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 3..256 words
-
Article11176 2013-08-20 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Local Gey SD Bond ....0.9955/ EM Local Ccy Bond 0.926/ European11,176 words
-
Article262 2013-08-20 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25 AVJennings A48 +1.5 74 50 48 48 52 3.6 7.3 3.9 177.7 52 31 Genting HK US$ US44 -0.5 3880 44.5 43 43.5 44 2897.2262 words
-
Article906 2013-08-20 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 143 120.4 CIMB APAC Div 100S$D 133.5 132.9 133.8 114.4 99 CIMB APAC Div 100US$ US104.5 104.1 104.9 11 1510 1279 CIMBASEAN40 100S$D 1340 -40906 words
-
-
FINANCE & COMMODITIES
-
Article579 2013-08-20 25 Aug 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.74 *****.13 *****.78 Sep13 *****.00 *****.00 *****.00 *****.00 ***** *****3 Dec13 *****.00 *****.00 *****.00 *****.00 32 ***** MSCI TAIWAN INDEX FUTURES SPOT 278.72 279.17 276.98 Aug13 278.30 278.40 275.50 276.70 ***** *****7 Sep13 276.40579 words
-
373 2013-08-20 25 In local curr In S$ 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
-
Article471 2013-08-20 25 Aug 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.951 5.637 0.691 7.138 57.659 96.566 0.898 10.270 3.024 1.132 94.932 40.237 1.172 9.314 0.854 27.626 28.873 0.589 0.921 Canada 1.052 5.930471 words
-
Article53 2013-08-20 25 Aug 19 (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$) 1 mth 1 mth 2 mths 2 mths 0.***** 3 mths 9 mths 12 mths 9 mths53 words
-
Article90 2013-08-20 25 Aug 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.25 6-Month BS*****V 07-Feb-14 0.29 1-Year BY*****H 02-May-14 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.02 5-Year N*****0T 0.5 01-Apr-18 97.6190 words
-
Article134 2013-08-20 25 Aug 19 GOLD(US$/oz) Aug 19 Aug 16 Hong Kong 1383.00 1369.00 Aug 16 Aug 15 London 1367.59 1328.98 1368.46 1329.83 Source: Thomson Reuters CAST BAR Aug 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 127 56 5gm 360 281 10gm 643 563134 words
-
Article57 2013-08-20 25 Aug 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2378.0 2393.0 2401.0 2378.0 919 6603 Oct 13 2336.0 2354.0 2366.0 2332.0 ***** ***** Nov 13 2318.0 2333.0 2343.0 2315.0 ***** ***** Dec 13 2309.0 2328.057 words
-
Article155 2013-08-20 25 Aug 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1720 1.1727 0.9203 0.9208 Canadian dollar 1.2329 1.2337 0.9687 0.9681 Euro 1.6969 1.6972 1.3325 1.3326 NZ dollar 1.0359 1.0361 0.8134 0.8135 Sterling pound 1.9916 1.9923 1.5639 1.5643155 words
-
Article109 2013-08-20 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
-
Article95 2013-08-20 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$/tonne) Close Prev High Low Sep 13 1913 1952 1953 1913 Nov 13 1901 1918 1925 190095 words
-
1059 2013-08-20 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 Exer Acma Ltd W*****7 Prem Disc Ascendas Reit MB ECW*****3 3.2 0.2 240 7 Asiatravel.com HoldingsW*****7 0.2 1 25 11 Asiatravel.com HoldingsW*****5 0.2 11,059 words
-
Article70 2013-08-20 25 CRUDE OIL PRODUCTS Aug 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.33 0.41 WTI (Near Mth) 107.58 0.34 Dubai (1-Mth F) 105.78 -0.39 Tapis blend 117.53 -0.51 Minas 110.23 -0.51 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.83 -1.00 Jet Kerosene 124.69 -0.58 US$/barrel OpecOil Basket70 words
-
Article23 2013-08-20 25 Aug 19 S$ S$ Bid Offer 1-month 1.2735 1.2736 2-months 1.2734 1.2737 3-months 1.2735 1.2737 6-months 1.2735 1.2740 Source: OCBC23 words
-
Article66 2013-08-20 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
-
Article121 2013-08-20 25 As at 9am Aug 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.193 1.137 Can dollar 1.251 1.203 Euro 1.731 1.649 Sterling pound 2.021 1.944 NZ dollar 1.054 1.014 US dollar 1.296 1.235 Local dollars to 100 units of foreign121 words
-
Article161 2013-08-20 25 Aug 19 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ 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 12161 words
-
-
PROPERTY
-
Article, Illustration1289 2013-08-20 26 US municipality’s move follows adoption of new flood maps that predict fiercer waves Bloomberg [BOSTON] In the coastal areas of Greenwich, Connecticut, the latest housing craze requires hydraulic jacks, pylons and stilts. One home towers over its neighbours like a cruise ship. OthersBloomberg; PHOTO: AFP - 1,289 words
-
Article, Illustration461 2013-08-20 27 Prime areas Chelsea and Kensington feeling the brunt of the summer lull Bloomberg [LONDON] Home sellers in this city are reducing their asking prices this month, and affluent districts such as Kensington and Chelsea are leading the decline during the seasonal summer lull, according toBloomberg; PHOTO: BLOOMBERG - 461 words
-
Article, Illustration726 2013-08-20 27 Bloomberg [SHANGHAI] Chinese Premier Li Keqiang’s plan to build 36 million low-cost homes in five years is winning support in the bond market, where the largest lender for urbanisation enjoys the lowest relative costs in a year. The yield premiumBloomberg - 726 words
-
-
Page 26 Advertisements
-
Advertisement281 2013-08-20 26 STPROPERTYsg The Best of Malaysia’s Properties Are In Town 25 August 2013,9:30 am to 4 pm Stamford Foyer, Level 4, Raffles City Convention Centre, 80 Bras Basah Road, Singapore *****0 Why You Should Attend eompllmenta-V ID Package for Medini Signature* 5% rebate for The Seed Duplex Suite* Terms conditions apply281 words
-
-
Page 27 Advertisements
-
Advertisement285 2013-08-20 27 Good Class Bungalow for Sale by Tender East Sussex Lane Land Area approx 15,100 sq ft Built Up approx 11,500 sq ft 21/2storey, 6 ensuite rooms 27 meters lap pool 3 covered car porches Excellent design, Quality furnishings Tender Closing 16 September 2013, 3pm For enquiries, please contact: Agency Licence285 words
-
Advertisement202 2013-08-20 27 PRIME CITY FRINGE STANDALONE RESIDENTIAL BLOCK Investment Properties 6224 8181 GalvenTan Loke Wei Yolk (CEA Reg No: R*****1F) (CEA Reg No: R0504 30J) 9799 4898 9147 5201 Sale by Expression of Interest Site area approximately 911 sqm 9,806 sqft GFA approximately 2,797 sqm 30,108 sqft 99 year lease w.e.f. 22202 words
-
Advertisement337 2013-08-20 27 Conservation Shop Houses Dalhousie Lane 3* ii II Jllh CUSHMAN WAKEFIELD Global Real Estate Solutions 5 Agency License No: L*****33E 3 consecutive units of part 2 and part 2 1/2 storey shophouse Corner lot Little India Conservation Area Next to The Verge Walking distance to current Little India MRT station337 words
-
-
Article, Illustration1048 2013-08-20 28 Patrick Yau - The global environment continues to pose challenges going forward. In this three-part weekly series, Citi’s experts offer their view on the outlook for the rest of 2013, given current market and economic developments around the world. This second feature looks at the Singapore Equity market1,048 words
-
Page 28 Advertisements
-
Advertisement293 2013-08-20 28 Opportunities. Which do you choose? Our Citigold Private Clients have access to research and advisory for that additional edge that lets them harness potential opportunities globally. Recognition, access, and the most exclusive of privileges are what our clients enjoy wherever they are in the world. Receive S$1,200* when you start293 words
-