The Business Times, 26 August 2013
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2013-08-26
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The Business Times
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Title Section25 2013-08-26 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, August 26, 201325 words
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1014 2013-08-26 1 KALPANA RASHIWALA - Chief Valuer may factor in potential impact of the Total Debt Servicing Ratio framework, suggest some analysts By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] Development charges are generally expected to go up from Sept 1 on the back of higher land prices over the past1,014 words
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1015 2013-08-26 1 JEFFREY HUTTON - They’re spurred on by Americans’ improved buying and spending power By JEFFREY HUTTON in Jakarta IN early 2011, Crystal Jade Culinary Holdings chairman and chief executive Ip Yiu Tung gathered some of his senior executives and headed for San Francisco. With help from1,015 words
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MARKETS DIGEST
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Article57 2013-08-26 1 Weekly Change ST INDEX 3,088.85 -108.68 KL COMP 1,721.07 -67.17 NIKKEI 225 13,660.55 +10.44 HANG SENG 21,863.51 -654.30 SET INDEX 1,338.13 -107.63 JAKARTA COMP 4,169.83 -398.82 MANILA COMP 6,161.21 -364.74 SEOUL COMP 1,870.16 -49.95 SHENZHEN B 806.28 -9.47 MUMBAI IND 18,519.44 -78.74 DOW 15,010.51 -70.96 NASDAQ 3,657.79 +55.01 S&P57 words
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Article18 2013-08-26 1 SINGAPORE 5.38 MALAYSIA 6.55 HONGKONG 5.00 INDONESIA 13.387 BRITAIN 5.036 JAPAN 1.475 KOREA 9.33 Source: Bloomberg18 words
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Article49 2013-08-26 1 US$ S$ US$ (S$ per US$) 1.281 (US$/S$ per 1.559 1.997 EURO (US$/S$/E) 1.335 1.710 Foreign currency per US$ S$ YEN 99.00 77.30 RM 3.309 2.582 HK$ 7.755 6.053 BAHT 31.98 24.96 RUPIAH 10,785 8,418 RENMINBI 6.122 4.778 INDIAN RUPEE 64.55 50.38 A$ 1.112 0.868 NZ$ 1.281 1.00049 words
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Advertisement93 2013-08-26 1 VIEWS FROM THE TOP Onward, Singapore! PAGES 10-11 YOUNG INVESTORS’ FORUM Digging deeper into the PE ratio page 12 BizIT Canon’s business process outsourcing going places PAGE 28 DINING OUT Enlightening feast with the lights off PAGE 21 -Ii|k 00 CVJ X I' OYSTER PERPETUAL SUBMARINER DATE IN 18 CT93 words
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Advertisement26 2013-08-26 1 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. 8 *****1 *****426 words
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TOP STORIES
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Article, Illustration1043 2013-08-26 2 MALMINDERJIT SINGH - If they’re looking to medium term, they may have to wait for up to three years By MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] Small and medium enterprises (SMEs) of Singapore looking to move into Iskandar Malaysia may have to wait up to three years before they1,043 words
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Article473 2013-08-26 2 DC rate hikes expected to be conservative DEVELOPMENT charges are generally expected to go up from Sept 1 on the back of higher land prices over the past six months. However, the pace of hikes may be conservative in line with the objective of promoting a stable property473 words
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753 2013-08-26 2 ROB CURRAN - Traders are waiting for the Fed’s ‘tapering’ move WALL STREET INSIGHT By ROB CURRAN AFTER another shaky week on the US stock market, the Dow Jones Industrial Average is teetering around the 15,000 level. The stock market is likely to bounce around this753 words
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Article, Illustration463 2013-08-26 2 AFP [DAMASCUS] Syria, under a barrage of international pressure, gave the green light yesterday to a UN probe into an alleged chemical weapons attack as ally Iran warned against US military intervention. Visiting UN disarmament envoy Angela Kane, tasked by Secretary GeneralAFP; PHOTO: REUTERS - 463 words
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338 2013-08-26 2 TEH SHI NING - By TEH SHI NING tshining@sph.com.sg [SINGAPORE] Companies which provide or procure services such as cleaning, security and landscaping are keen to improve the jobs and wages of the workers in these sectors provided their competitors do the same. This fear of being undercut and338 words
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Article, Illustration764 2013-08-26 4 MICHELLE QUAH - Legal experts from WongPartnership give advice to firm’s clients at a seminar By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] What should you do when your company is hit by a scandal such as the one the Central Narcotics Bureau faced when its former director NgPHOTOS: WONGPARTNERSHIP - 764 words
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408 2013-08-26 4 JASMINE NG - Swiss lender sees S’pore as base to grow Asian business By JASMINE NG jasng@sph.com.sg [SINGAPORE] Union Bancaire Privée (UBP), a Gene-va-based private bank that has been in Singapore since 1994, has been granted in-principle approval to run merchant banking operations here in408 words
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Page 2 Advertisements
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Advertisement18 2013-08-26 2 The best pure-play private bank in Asia EFG Bank Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com18 words
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Advertisement106 2013-08-26 3 Exact and Exultant MESURE ET DEMESURE 24 24 0 3^ TONDA HEMISPHERES y Rose gold Automatic movement Dual time zone indication Hermes alligator strap Made in Switzerland www.parmigiani.ch PARMIGIANI FLEURIER THE HOURGLASS Singapore Studio Parmigiani Marina Bay Sands, tel. 65-6688 7525 I Takashimaya S.C., tel. 65-6734 2420 I Tang Plaza,106 words
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Advertisement160 2013-08-26 4 CALL FOR SPONSORS Middle East Institute, NUS Annual Conference 2014 Goodwood Park Hotel, May 29-30 AFTER THE ‘ARAB SPRING’: DEVELOPMENT CHALLENGES AND SOLUTIONS The Middle East Institute, National University of Singapore, is pleased to announce its upcoming international annual conference to be held from 29th to 30th May 2014. More160 words
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COMPANY NEWS
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Article860 2013-08-26 5 KENNETH LIM - HOCK LOCK SIEW By KENNETH LIM WHEN a company’s net profit plunges 77 per cent during a quarter, alarm bells are bound to go off. But look beyond the headlines in Great Eastern Holdings’ recent results and one should see glimmers of rising860 words
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Article1617 2013-08-26 5 Payment Ex Rec Pay Ann (cts) date date date date ABR Hldgs aw 1.000 28-Aug 30-Aug 18-Sep 19-Aug AIMS AMP CapIndReit 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 Jun 13) ag 4.081 29-Jul 31-Jul 28-Aug1,617 words
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Article, Illustration1487 2013-08-26 7 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd DIRECTOR activity rose for the second straight week with 77 transactions worth $54.5 million based on filings on Aug 19-23 to the Singapore Exchange, up sharply from the previous week’s 35 trades1,487 words
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Page 5 Advertisements
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Advertisement109 2013-08-26 5 A* m m in .IS *x ■K V -A IS Se.-^4W5 »•-vi* Jiw 5 :i(•a V V 1 X B 9 << a \\\W jIVVuV; iU 3 <u to DOMAIN JEROME D N A OF FAMOUS LEGENDS PART OF COLLECTION, THE MOON INVADER SPEED METAL AUTO BRINGS THE MAGIC OF109 words
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SINGAPORE MARKETS
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Article, Illustration703 2013-08-26 6 R SIVANITHY - STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent WHEN might the fear of tapering end and when might markets return to investing according to fundamentals and not rely wholly on liquidity as they have for the past few years? That’s the $64,000 question now that liquidity in703 words
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440 2013-08-26 6 CURRENCIES Bloomberg [NEW YORK] India’s rupee led declines among the currencies of the biggest emerging-market economies last week as the US Federal Reserve signalled that a reduction in stimulus is still on track, spurring a wave of cash to flow backBloomberg - 440 words
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Article1452 2013-08-26 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 4 9.40 14.73 1.80 1.39 Amtek Engineering Ltd 3.50 3.33 2 0.07 5.26 0.56 0.47 ARA Asset Management Ltd 2.571,452 words
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Article79 2013-08-26 6 Aug 23 VALUE CLOSE BT OB/OS -549.00 +30.00 BT CADI -*****.00 +8.00 BT 10-day MA -*****.00 -55.00 FTSE ST Mid Cap 740.36 +3.92 FTSE ST Small Cap 541.26 -2.21 FTSE ST All Share 757.41 +0.39 FTSE ST China Top 192.69 -1.32 FTSE ST China 224.12 -2.25 FTSE79 words
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Article56 2013-08-26 6 VOLUME Albedo 2,997,543,000 Cedar 1,325,327,000 Mirach Energy 763,778,000 SingHaiyi 631,397,000 Innopac 626,319,000 WE Hldgs 591,011,000 HanKore 487,702,000 GSH Corp 270,714,000 Albedo W*****9 263,940,000 Geo Energy 240,373,000 VALUE($) DBS Grp 432,966,139 Mirach Energy 331,225,065 SingTel 319,106,480 OCBC Bk 284,759,794 UOB 247,690,531 ForterraTr 206,919,000 JMH 173,561,599 Noble Grp 172,394,29356 words
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514 2013-08-26 6 COMMODITIES AFP [LONDON] Commodity markets diverged last week, torn between strong global economic data, and ongoing worries over the possible withdrawal of US Federal Reserve stimulus. Encouraging economic data from Britain, China, the eurozone and the US sparked hopes of keen demand for manyAFP - 514 words
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Article112 2013-08-26 6 BY CENTS CLOSE UP DBXT MSEurope 10US$ 5388 679.0 10.9 GLD 10US$ ***** 188.3 1.1 DBXT MSUSA 10US$ 4086 185.8 3.7 STXPO 100 331 49.0 17.4 Venture Corp 766 26.0 3.5 LionGold 165.5 20.5 14.1 Lyxor Europe 10 US$ 1385 15.4 0.9 Straits Trdg 434 15.0 3.6 Mirach Energy112 words
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Article137 2013-08-26 6 BY CENTS CLOSE DOWN DBXT AUDCS 5US$ ***** -3135.0 -11.3 Lyxor Indonesia10US$ 7800 -1996.0 -16.6 DBXT Nifty 10US$ 8275 -1235.0 -10.4 DBXT iBoxxSing 5SG$ ***** -579.0 -4.6 Lyxor ThaiSET 10US$ ***** -467.6 -2.9 Jardine C&C 3600 -360.0 -9.1 DBXT MSJAP 10US$ 4320 -329.2 -5.6 DBXT MSINDO 10us$ 1207 -313.9137 words
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Advertisement80 2013-08-26 7 INC^ NEW 8 STOREY B1 FACTORY BUILDING WITH BASEMENT CARPARK v At corner of Little Road and Upper Paya Lebar Road. Showroom unit available at 1 st storey near Tai Seng MRT station food/coffee shops. Each unit with attached toilet each floor 2 units about 2400 sqft/unit. >/ Suitable for80 words
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Advertisement197 2013-08-26 7 ydi K LSEJIf Isibe M rsE 3RU SI i -‘V 'r jv A' -;V‘ v v 1 With access to more exchanges, the world is your oyster. Tap into global markets with our new Equity Research Tools. Open up your online trading to a host of new opportunities with access197 words
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SINGAPORE NEWS
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Article279 2013-08-26 8 Aug 23 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd ANZ Singapore Bank of China Limited 5.50 Bank of Communications 5.50 ...6.00 Bank of China Limited ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 ...5.50 Chang Hwa Commercial Bank279 words
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Article239 2013-08-26 8 COMPANY MEETING PLACE DATE TIME Novo Group A RELC International Hotel, Tanglin 2 Level 1 30 Orange Grove Road 26-Aug 9.30am Scorpio East Hldg A 25 Tai Seng Ave #01-01, Scorpio East Bldg 28-Aug 11.00am Stamford Tyres A 19 Lok Yang Way 28-Aug 3.00pm Elite KSB Holdings E239 words
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Article, Illustration600 2013-08-26 8 ANNABETH LEOW - Wider coverage would help those with disabilities and certain conditions By ANNABETH LEOW leowhma@sph.com.sg AS Singaporeans await further details on the expansion of the MediShield scheme, advocates for people with disabilities and pre-existing conditions are looking with anticipation to the promise of a nationalTHE STRAITS TIMES FILE PHOTO - 600 words
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Advertisement54 2013-08-26 8 GREAT MUSIC. GREAT FUN. TRUE CLASS. N WI SINGAPORE’S FASTEST GROWING MORNING SHCW VJ rv/ FM klSS92 All the great songs m one place f f w r r r j r f in IN THE MORNING WEEKDAYS 6-10AM facebook.com/kiss92fm www.kiss92.sg Download the KISS92 mobile app now! KISS92 is part54 words
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Advertisement253 2013-08-26 9 CONGRATULATIONS TO SEADRILL ALL PARTNERS WEST TUCANA SEADRILL’S FIRST FRIEDE GOLDMAN JU2000E JACK-UP RIG Seadrill takes delivery of West Tucana, the first and latest generation of high specification F&G JU2000E jack-up rig from Jurong Shipyard. INNOVATION EXCELLENCE AWARD 2007 WINNER i> I JM' SeadL^y- -rr O 9 a a ai253 words
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VIEWS FROM THE TOP
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Article, Illustration3625 2013-08-26 10 THIS WEEK’S TOPIC What key messages did you take away from the Prime Minister’s National Day Rally on Sunday? Which of the policy changes outlined by PM Lee strike you as most important or urgent, and why? Tan Chong Huat Managing Partner RHTLaw Taylor Wessing THE key messagePHOTO: ST FILE - 3,625 words
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Advertisement438 2013-08-26 11 A full list of views from CEOs is available at http://businesstimes.com.sg Capitalise on a low 3% p.a. interest rate with our secured share overdraft. Our perks are purely financial. At CIMB Preferred, we believe in rewarding our customers with financial benefits, instead of the usual trivial luxuries. For starters, our438 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration2065 2013-08-26 12 CAI HAOXIANG - The PE ratio is one of the most popular, yet most misunderstood, ways to value a company, writesCAI CAI HAOXIANG haoxiang@sph.com.sg SOME time ago, a friend told me: “I heard markets tend to trade at a price-to-earnings (PE) ratio of 15 in the longPHOTO: AP - 2,065 words
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Article, Illustration980 2013-08-26 12 CAI HAOXIANG - As a measure of value, PE ratios are just one way to get to the big picture MONDAY MULTIPLE CAI HAOXIANG haoxiang@sph.com.sg Correspondent THE table shows excerpts from a Bloomberg screening of 788 stocks traded on the Singapore Exchange. Out of these, 313 stocks do980 words
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Advertisement156 2013-08-26 12 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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MALAYSIA/INDONESIA
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Article, Illustration549 2013-08-26 13 Bloomberg [JAKARTA] Gold jewellery demand in Indonesia is set to expand to a four-year high as consumers in Southeast Asia’s biggest buyer join India to China in increasing purchases as prices slump and the middle class expands. Consumption of necklaces, bracelets and ringsBloomberg; PHOTO: AFP - 549 words
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500 2013-08-26 13 Reuters [JAKARTA] In Indonesia’s capital, a buzzer is not an alarm or a bell but someone with a Twitter account and more than 2,000 followers who is paid to tweet. Jakarta is the world’s tweet capital and advertisers eager to reach the under-30Reuters - 500 words
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Article1417 2013-08-26 13 VOL Aug 23 RM +/-(‘000) VOL Advance Synerg 0.15 0.01 3342 Adventa Bhd 0.72 -0.02 174 Ae Multi Hldgs 0.21 0.01 120 Affin Holdings 4.12 -0.03 194 Ahmad Zaki Res Airasia Bhd 2.64 -0.10 ***** Alliance Finan 4.94 -0.11 1329 Aluminium Co 0.70 unch 37 Amalgamated In 0.331,417 words
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634 2013-08-26 13 New M’sian law makes syariah scholars accountable for rule breaches Bloomberg [KUALA LUMPUR] The new Malaysian Islamic financial services law that makes syariah scholars accountable for rule breaches will ensure tighter compliance, a Kuala Lumpurbased law firm said. Under the Islamic FinancialBloomberg - 634 words
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Page 13 Advertisements
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Advertisement156 2013-08-26 13 I •1 energise yo meetings leave the rest to us Meeting packages from s$50 per person Corporate dinner packages s$ 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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GREATER CHINA/INDIA
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491 2013-08-26 14 Reuters [BEIJING] China’s top banks are expected to win approval for the issuance of tens of billions of yuan in negotiable certificates of deposit (NCD) as early as next month, in another step towards developing mar-ket-determined interest rates. NCDs would enableReuters - 491 words
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Article, Illustration711 2013-08-26 14 Restaurants, hotels, suppliers lose business due to low mainland demand AFP [HONG KONG] In a narrow Hong Kong street filled with the tang of dried sea creatures, shopkeepers are blaming China’s recent corruption crackdown for falling sales of expensive banquet foodsAFP; PHOTO: AFP - 711 words
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485 2013-08-26 14 Reuters [BEIJING] Popular electric carmaker Tesla Motors Inc’s plans to enter the world’s biggest auto market have stalled after a businessman in China claimed trademark rights to the name, people close to the California-based company have told Reuters. The maker of the best-sellingReuters - 485 words
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399 2013-08-26 14 AFP [NEW DELHI] Finnish telecom giant Nokia said it is in talks with India’s government about how to create a better business climate and remains “committed” to its manufacturing plant in the country. The statement on Saturday followed an Indian ExpressAFP - 399 words
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448 2013-08-26 14 SC YEUNG - Province’s economic transformation lifts taxes, property fees By SC YEUNG EJ Insight [HONG KONG] Guangdong has reported a faster than expected growth in fiscal revenue in the six months to June thanks to robust business taxes and land transfer fees in the real estateEJ Insight - 448 words
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Advertisement453 2013-08-26 14 *AT3 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 VINOMAX TRADING PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****8260C NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 77 Robinson453 words
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ECONOMY WATCH
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955 2013-08-26 15 Sharp slowdown or prolonged financial volatility unlikely this time, they say AFP [PARIS] Plunging emerging market currencies on the prospect of US stimulus tapering have stirred memories of the 1997 Asian financial crisis, but analysts doubt a similar catastrophe is inAFP - 955 words
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Article, Illustration838 2013-08-26 15 Economist are divided over why inflation has cooled Reuters [WASHINGTON] There are many signs the United States is emerging from a quagmire of sluggish economic growth. The pace of inflation is not one of them. America’s jobless rate has fallen nearly a percentage point overReuters - 838 words
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596 2013-08-26 15 Reuters [WARSAW] The currencies of emerging European countries such as Poland and Hungary have dodged the giant sell-offs hitting other emerging markets, and their links to a steadily recovering eurozone are likely to keep them insulated. For years, Europe’s slump and cautious monetaryReuters - 596 words
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Article, Illustration389 2013-08-26 15 Reuters [BANGKOK] Thailand’s economy should see year-on-year growth in the third quarter while weakness in the baht is not a concern and will be good for exports, Finance Minister Kittirat Na Ranong said. Thailand’s economy, South-east Asia’s second largest, grew 2.8 per cent inReuters; PHOTO: BLOOMBERG - 389 words
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Advertisement396 2013-08-26 15 HONORING THE BEST IN LOCAL ENTERPRISES RISING TO PROMINENCE The Promising SME 500 2013 Brand Campaign has been a phenomenal success thus far. With a stellar cast of the most talented business minds in Singapore, we are proud to be a national platform that pays tribute to these men and396 words
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WORLD
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Article, Illustration633 2013-08-26 16 It values the bank at 15b euros, above analysts’ estimates of 11 b to 12b euros Reuters [THE HAGUE] The Dutch government plans to sell lender ABN Amro in an initial public offering (IPO) a year from now at theReuters - 633 words
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Article, Illustration604 2013-08-26 16 AP [SPA, Belgium] Sebastian Vettel overtook Lewis Hamilton on the first lap and comfortably held on to win the Belgian Grand Prix yesterday and extend his overall championship lead. It was Vettel’s fifth win of the season, second from three GPs,AP; PHOTO: AP - 604 words
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401 2013-08-26 16 Bloomberg [MELBOURNE] Coal miners are taking advantage of the tumbling Australian dollar, boosting production even as a glut of the pow-er-station fuel drives prices to the lowest in almost four years. While the cost of shipments from the portBloomberg - 401 words
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991 2013-08-26 16 They fill void left by banks focused on affluent customers NYT [NEW YORK] Linda Ballard, 61, uses the word “love” to describe her banking relationship, lauding the ease of cashing her bi-monthly pay cheque, the convenience of text alerts about her balance andNYT - 991 words
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Article, Illustration727 2013-08-26 17 US official: smaller group negotiations will lead up to Bali gathering in October Reuters [WASHINGTON] The United States and 11 other countries in the Asia-Pacific have begun a final push to reach a landmark trade deal this year and hope forReuters; PHOTO: BLOOMBERG - 727 words
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Article384 2013-08-26 17 Sources say govt may start the sale process next month Bloomberg [LONDON] The UK government is targeting September to start the sale of a majority stake in Royal Mail Group, the 360-year-old postal service, according to three people with knowledge of the matter. RoyalBloomberg - 384 words
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315 2013-08-26 17 Move is to comply with orders to tighten risk controls Reuters [NEW YORK] JPMorgan Chase Co, the biggest bank in the US, will not take on more correspondent relationships with foreign banks in a move to comply with orders from regulators to tighten risk controls,Reuters - 315 words
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361 2013-08-26 17 Reuters [MANILA] The Philippines will plug leaks in a controversial fund set aside for legislators’ pet projects, the latest in President Benigno Aquino’s efforts to clean up one of South-east Asia’s most corrupt nations. Mr Aquino’s announcement last Friday appeared timedReuters - 361 words
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Article, Illustration988 2013-08-26 18 Doctors’ lobby and sections in his own party oppose health insurance overhaul Re uters [TOKYO] Japanese Prime Minister Shinzo Abe wants to promote the advanced medical technology industry as part of a plan to breathe new life into the economy butReuters; AFP FILE PHOTO - 988 words
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Article, Illustration964 2013-08-26 18 Reuters [WASHINGTON] The US Securities and Exchange Commission is making more of its staff who leave the agency for the private sector subject to a one-year cool-ing-off period. The reform is being embraced by those who say theReuters; PHOTO: AP - 964 words
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555 2013-08-26 18 They will focus on activities rather than entities, say sources Reuters [LONDON] World leaders are expected to take a soft-ly-softly approach to regulating the so-called shadow banking sector when they meet in Russia next month to avoid damaging the flow of financeReuters - 555 words
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696 2013-08-26 18 Trading speed set for US dollar-Aussie currency pair Reuters [NEW YORK] One of the largest currency dealing platforms, ICAP’s EBS, took a step to curb high-frequen-cy trading (HFT) on its network, the latest in a series of measures in the US$5Reuters - 696 words
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Article, Illustration810 2013-08-26 19 Need for emerging markets to have better capital flows tools also discussed Reuters [JACKSON HOLE] Global financial stability is at risk as central banks draw back from ultra-easy policies that have flooded the world with cash, because emerging markets lack defences to preventReuters; PHOTO: BLOOMBERG - 810 words
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727 2013-08-26 19 Monte dei Paschi concealed derivative contract details Reuters [MILAN] Banca Monte dei Paschi di Siena sparked fresh controversy when it was accused of misleading Italy’s market regulator as recently as October 2012, shortly before it received a 4.1 billion euro (S$7 billion)Reuters - 727 words
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Article, Illustration913 2013-08-26 19 China entrepreneur bets on the rich Northern Territory Reuters [SYDNEY] Former Chinese commodities trader Jerry Ren, who is quietly building a mining empire in the Australian outback, scoffs at talk the resources boom is over. For him it’s just moved north. As some mining firmsReuters - 913 words
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Advertisement343 2013-08-26 16 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RIM MANAGEMENT PTE LTD (INCORPORATED IN SINGAPORE) COMPANY REGISTRATION NUMBER: *****3468K Notice of Resolution for Members’ Voluntary Winding Up (Pursuant to Section 290) At the Extraordinary General Meeting of RIM Management Pte Ltd duly343 words
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Advertisement2078 2013-08-26 17 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices global invacom completing the picture GLOBAL INVACOM GROUP LIMITED (formerly known as Radiance Group Limited) (Company Registration Number: *****2428H) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the "EGM”) of2,078 words
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Advertisement92 2013-08-26 19 You’ve shared with us what gorgeous means to you. Now, it’s time to show us who’s gorgeous because our annual 50 Gorgeous People is back. AND WE WANT TO HEAR FROM YOU Sign yourself up or nominate someone at femalcmag.com. sg/ gorgeouspeople2013. You can also snap and upload a picture92 words
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AVIATION/SHIPPING
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Article, Illustration966 2013-08-26 20 Need for important LNG terminal to be relocated if Mayor Johnson has his way Reuters [LONDON] The London mayor’s preferred plan for a new airport is likely to fall flat, because it would force relocation of one of Europe’s biggest liquefiedReuters; PHOTO: BLOOMBERG - 966 words
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552 2013-08-26 20 Iraqi Airways to triple fleet size to 65 planes by 2016 [BAGHDAD] Iraq plans to construct a new central airport and is continuing a fleet expansion with the possible addition of Bombardier Inc’s CSeries as the war-torn country seeks to552 words
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1042 2013-08-26 20 As the Mississippi arbitrage window shuts, another opens Reuters [NEW YORK] The brisk flow of oil barges shipping crude oil down the Mississippi has slowed to a trickle this summer, curbed by the vanishing gap between inland and coastal prices. Yet theReuters - 1,042 words
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Advertisement8 2013-08-26 20 To subscribe, call 6388-3838 or go to sphsubscription.com.sg8 words
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Page 20 Miscellaneous
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Miscellaneous316 2013-08-26 20 CRYPTIC CROSSWORD Across 1 Nouveau riche weekend mountaineers? (6,8) 9 A new Guide leader in camp that’s touching (7) 10 Hugs and fondles awkwardly (7) 11 Plant is absorbing intermittent rain (4) 12 Breathing apparatus reports air is polluted (10) 14 American character rejected being adopted by half-Ger-man bloke (6)316 words
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DINING OUT
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Article, Illustration955 2013-08-26 21 JAIME EE - Savour food and wine in a whole new light when you dine in the dark, writesJAIME JAIME EE jaime@sph.com.sg NEW RESTAURANT NOX Dine in the Dark 269 Beach Road Tel: 6298-0708 Open Tues to Sun from 6pm (Closed on Mondays) WALKING in the dark.PHOTOS: STEFANIE WIJONO - 955 words
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Advertisement34 2013-08-26 21 Always get the CHEAPEST PARKING! Download the sgCarMart carpark rates guide! 7*^ TO DOWNLOAD SEARCH FOR Available on the iPhone android apron AppStore I play CarMart Com THE ONLY PLACE EOR SMART CAR BUYERS34 words
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Advertisement14 2013-08-26 21 www.omy.sg 1 mm£mm yzone.omy.sg rDownload omy Apps i 0j£-0 0££0 0 0 omy News14 words
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Advertisement567 2013-08-26 21 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.567 words
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SINGAPORE STOCKS
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Article3248 2013-08-26 22 Week ended: Aug 23 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 Last Vol Week Last Quote Div GrYld 15 12 8Telecom M Cap High Low Company Sale 91.5 58 Abterra 188 1063,248 words
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Article326 2013-08-26 23 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 2.4 1.3 t Advanced System 1.4 -0.1 2413 1.5 1.4 1.4 1.5 22.3 Vol Week 4.6 2.2 3.8 3.9 23.7 Net M Cap326 words
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Article120 2013-08-26 23 Stock name Close Change CapMallsAsia 1.835 -0.035 CapitaLand 3.090 +0.020 CapitaMall 1.890 -0.005 CityDev 10.110 +0.030 ComfortDelGro 1.825 +0.015 DBS Grp 16.160 +0.100 GLP 2.700 +0.020 Genting SP 1.350 -0.010 Golden Agri 0.525 +0.005 HK Land 6.640 -0.090 Stock name Close Change HPH Trust US$ 0.735120 words
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Article1967 2013-08-26 23 Transaction date: Aug 23 HONG KONG Vol HK$ +/-'000 Aeon Credit 7.48 unch 0 Aeon Stores '000 Angang Steel 5.09 -0.04 ***** Anhui Conch Anhuiexpresswa 3.99 0.16 1887 Asia Satellite 29.00 -1.00 6 Asm Pacific -0.02 Bank Of E Asia 30.45 0.10 936 Beida Jade Bir 0.54 0.051,967 words
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Article264 2013-08-26 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 53.5 27 AVJennings A50 +3.5 360 53.5 48 48.5 52.5 3.6 7 4.1 185.1 52 31 Genting HK US$ US42 -2.5 ***** 44.5 41 41.5 42 2765.5264 words
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Article186 2013-08-26 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 2 0 0 0 4 8 2 Manufacturing 47 110 31 10 21 7 57 131 38 Commerce 20 46 14 12 7 3 32 53 17 Tpt/Stor/Comms 4 35 5186 words
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Article1047 2013-08-26 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 114.5 -1 71 114.5 113 112.6 114.5 522.7 143 120.4 CIMB APAC Div 100S$D 129.1 -4.4 5 129.1 129.1 129.41,047 words
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Article123 2013-08-26 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 101,984 101,984 296,593 296,593 Manufacturing 1,829,596 1,684,290 3,513,886 846,186 30,344 876,530 Commerce 888,449 3,776,055 4,664,504 667,101 159,756 826,857 Tpt/Stor/Comms 625,268 124,481 749,749 749,184 46,570 795,754 Finance 763,788 26,701 790,489 1,150,037 10,982 1,161,019 Construction 533,570 405,779123 words
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Advertisement26 2013-08-26 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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Article609 2013-08-26 24 Aug 23 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.76 *****.66 *****.40 Sep13 *****.00 *****.00 *****.00 *****.00 ***** *****7 Dec13 *****.00 *****.00 *****.00 *****.00 125 ***** MSCI TAIWAN INDEX FUTURES SPOT 276.16 278.20 275.97 Aug13 271.60 277.00 271.30 275.90 ***** *****7 Sep13 270.90609 words
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373 2013-08-26 24 In local curr In S$ In US$ dy yr dy yr dy yr Aug 23 Index Change Change Change Change Change Change World Preliminary 1078.9 0.5 15.0 0.3 17.8 0.6 12.6 EAFE Preliminary 885.6 0.8 14.3 0.8 14.5 1.1 9.4 Europe Preliminary 1272.0 0.5 10.9373 words
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Article471 2013-08-26 24 Aug 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.949 5.506 0.674 6.975 58.055 97.006 0.890 10.047 2.976 1.152 93.116 39.814 1.152 9.200 0.832 27.001 28.764 0.577 0.899 Canada 1.054 5.805471 words
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Article51 2013-08-26 24 Aug 23 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 1 mth 2 mths 0.***** 9 mths 6 mths 12 mths 9 mths Source: Thomson51 words
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Article88 2013-08-26 24 Aug 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.25 6-Month BS*****A 21-Feb-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.01 5-Year N*****0T 0.5 01-Apr-18 97.488 words
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Article134 2013-08-26 24 Aug 23 GOLD(US$/oz) Aug 23 Aug 22 Hong Kong 1384.00 1378.00 Aug 22 Aug 23 London 1376.04 1395.86 1376.98 1396.76 Source: Thomson Reuters CAST BAR Aug 23 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 127 57 5gm 362 283 10gm 647 566134 words
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Article57 2013-08-26 24 Aug 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2405.0 2419.0 2420.0 2397.0 678 4059 Oct 13 2360.0 2385.0 2386.0 2356.0 5351 ***** Nov 13 2350.0 2367.0 2369.0 2337.0 ***** ***** Dec 13 2343.0 2360.057 words
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Article155 2013-08-26 24 Aug 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1520 1.1527 0.8992 0.8997 Canadian dollar 1.2145 1.2152 0.9485 0.9480 Euro 1.7098 1.7103 1.3346 1.3349 NZ dollar 1.0000 1.0007 0.7806 0.7811 Sterling pound 1.9969 1.9974 1.5587 1.5590155 words
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Article109 2013-08-26 24 Aug 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 13 1365.25 1322.00 1369.00 1325.75 Nov 13 1328.00 1286.75 1331.50 1288.25 Jan 14 1328.50 1288.50 1331.75 1290.25 Mar 14 1305.25 1269.25 1307.50 1270.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 13109 words
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Article95 2013-08-26 24 Aug 23 COCOA (£/tonne) Close Prev High Low Sep 13 1636 1630 1640 1621 Dec 13 1636 1629 1640 1621 Mar 14 1619 1612 1623 1606 May 14 1619 1612 1621 1606 COFFEE(US$/tonne) Close Prev High Low Sep 13 1741 1781 1784 1740 Nov 13 1772 1793 1796 176595 words
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1179 2013-08-26 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 0.1 1 123 1365 84.00 9 Acma Ltd W*****7 Price Prem Disc Ascendas Reit MB ECW*****3 Expiry Asiatravel.com HoldingsW*****7 0.2 unch 13 1 251,179 words
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Article70 2013-08-26 24 CRUDE OIL PRODUCTS Aug 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.75 -0.23 WTI (Near Mth) 105.12 1.16 Dubai (1-Mth F) 106.23 0.47 Tapis blend 116.77 0.27 Minas 109.47 0.27 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.72 0.33 Jet Kerosene 124.69 0.57 US$/barrel OpecOil Basket70 words
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Article23 2013-08-26 24 Aug 23 S$ S$ Bid Offer 1-month 1.2811 1.2812 2-months 1.2811 1.2812 3-months 1.2810 1.2812 6-months 1.2808 1.2809 Source: OCBC23 words
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Article66 2013-08-26 24 Aug-23 Aug-23 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1846.60 1837.00 3 months 1893.00 1884.00 Copper, Grade A(US$/tonne) Cash 7333.00 7292.00 3 months 7360.00 7320.00 Lead(US$/tonne) Cash 2197.25 2198.00 3 months 2212.00 2209.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months66 words
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Article121 2013-08-26 24 As at 9am Aug 23 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.181 1.125 Can dollar 1.240 1.193 Euro 1.750 1.667 Sterling pound 2.034 1.956 NZ dollar 1.027 0.988 US dollar 1.308 1.246 Local dollars to 100 units of foreign121 words
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Article157 2013-08-26 24 Aug 23 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ 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 2013-08-26 25 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE2,346 words
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Advertisement70 2013-08-26 25 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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Advertisement17 2013-08-26 25 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE The Business Times Shipping Times17 words
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Advertisement177 2013-08-26 26 mporters ooking 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 WO IMG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times I FREIGHT FORWARDER urgently needed by shippers 1 Can177 words
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Advertisement137 2013-08-26 27 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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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration847 2013-08-26 28 reportsAMIT ROY CHOUDHURY - Good response here has embolden the imaging giant to explore opportunities in other countries, with India and Malaysia by year-end, reportsAMIT ROY CHOUDHURY reportsAMIT reportsAMIT ROY CHOUDHURY amit@sph.com.sg AFTER a successful debut in Singapore earlier this year, Japanese tech giant Canon is planning to847 words
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Article, Illustration850 2013-08-26 28 KEVIN KWANG - It is eyeing desktop virtualisation here as a driver of growth By KEVIN KWANG ENTERPRISES that rely on hard-disk drives for their storage needs in the data centre will find it increasingly difficult to cope with the burgeoning amount of data, and throwing850 words
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Article, Illustration469 2013-08-26 28 Bloomberg [BEIJING] Apple Inc’s falling market share in China is prompting thousands of local accessory makers to give more attention to products that fit mobile phones and tablet computers made by Samsung Electronics Co and domestic rivals. A shift to devices by Samsung, LenovoBloomberg; PHOTO: REUTERS - 469 words
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842 2013-08-26 28 ADELINE TAN - By ADELINE TAN SECURITY solutions provider Trend Micro announced at the recent Cloudsec summit that it is bringing malware forensic and analysis capabilities to Singapore with the establishment of TrendLabs in the country. The centre, Trend Micro’s fourth in Asia, will provide round-the-clock842 words
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Article, Illustration803 2013-08-26 27 reportsVICTORIA HO - It sees a trove of mobile-only problems in emerging markets such as Asia with their different technology needs, reports VICTORIA HO reportsVICTORIA reportsVICTORIA HO AWAY from developed markets, the world’s emerging economies hold a trove of mo-bile-only problems for technologists to solve, said803 words
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Article, Illustration832 2013-08-26 27 KEVIN KWANG - By KEVIN KWANG SONY’S TV business unit grabbed the headlines when it reported that first-quarter earnings inched back into the black after 12 quarters mired in losses. Sony said that it is banking on its latest picture and sound technologies and betterPHOTO: BLOOMBERG - 832 words
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