The Business Times, 28 August 2013

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Microfilm: NL32679
Total Pages: 34
1 34 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, August 28, 2013
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  • Article, Illustration
    Lock icon PRs may go ‘private’ after resale flat curbs
    783 1  -  By JASMINE NG jasng@sph.com.sg [SINGAPORE] Tighter housing loan limits and restrictions on permanent residents have been imposed for the purchase of HDB resale flats, which could drive up demand for the rental and private residential markets in the next three years. The
    PHOTO: ALPHONSUS CHERN/THE STRAITS TIMES  -  783 words
  • Article
    Lock icon F&N exits buildings, keeps drinks in hand
    853 1  -  Frasers Centrepoint to be spun off into listed entity via in specie distribution of stock By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] Fraser and Neave (F&N) plans to spin off its property business into a new listed entity via an in specie distribution of stock,
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,034.02 (-50.39) HST INDEX FUTURES 3,034.00 (-50.00) HSIMSCI 345.96 (-4.37) HSIMSCI FUTURES 344.80 (-5.00) US$ S$ US$ (S$ per US$) 1.284 (US$/S$ per 1.553 1.994 EURO (US$/S$/€ 1.336 1.716 Foreign currency per US$ S$ YEN 97.80 76.20 RM 3.327 2.591 HK$ 7.756 6.040 BAHT 32.17 25.05 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,701.24 -21.25 NIKKEI 225 13,542.37 -93.91 HANG SENG 21,874.77 -130.55 SET INDEX 1,293.97 -35.21 JAKARTA COMP 3,967.84 -152.83 MANILA COMP 5,916.99 -244.22 SEOUL COMP 1,885.84 -2.02 SHENZHEN B 811.03 -0.58 MUMBAI IND 17,968.08 -590.05 12noon EDT Change DOW 14,855.58 -90.88 NASDAQ 3,612.74 -44.83
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.245 KOREA 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
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      106 1 COMPANIES Analysts steering clear of S-chips, China Minzhong PAGE 6 FORWARD THINKERS Abacus transforming the travel industry PAGE 12 DEBT COLLECTION High Court rules in favour of Marina Bay Sands PAGE 4 EXEC MONEY Protect yourself from inflation PAGE 34 The leading Swiss private banking group. Since 1890. www.juliusbaer.asia My
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      382 2 F&N exits buildings, keeps drinks in hand FRASER and Neave plans to spin off its property business into a new listed entity via an in specie distribution of stock, taking its largest step yet towards breaking up one of Singapore’s most storied groups. FRONT PAGE PRs may go
      382 words
    • Article, Illustration
      Lock icon Kong Hee was worried about bond transactions: witness
      839 2  -  CHC members tried to plug ‘hole’ before investigation, says a director of Xtron CITY HARVEST CHURCH CASE By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Some three years after City Harvest Church (CHC) devised what the prosecution terms an elaborate scheme involving round-tripping and sham
      PHOTO: WONG KWAI CHOW/THE STRAITS TIMES  -  839 words
    • Article, Illustration
      Lock icon China’s far west looks to S’pore for business, social management
      476 4  -  Strong intellectual property laws and research capabilities cited as strong draw By JOYCE HOOI joyceh@sph.com.sg [XINJIANG, China] As China turns its attention to the development of its west, some firms and officials on its western plains are looking south, to
      PHOTO: DENNIS THONG/LIANHE ZAOBAO  -  476 words
    • Article, Illustration
      Lock icon MBS scores landmark victory in casino debt collection case
      688 4  -  Gambler had sought to avoid payment on technical grounds; no dice, rules judge By GRACE LEONG gleong@sph.com.sg THE High Court has handed Marina Bay Sands a decisive victory in Singapore’s first casino debt collection trial over an unpaid debt that a
      THE STRAITS TIMES FILE PHOTO  -  688 words
    • Article
      Lock icon HDB launching multi-generation family flats
      294 4  -  By JASMINE NG jasng@sph.com.sg [SINGAPORE] The government will pilot a new type of three-genera-tion flats that can house multi-gen-eration families under one roof. The 3Gen flats will each have an internal floor area of 115 sq m, and come with four bedrooms and three bathrooms,
      294 words
    • Article, Illustration
      Lock icon Wing Tai to look for opportunistic site purchases
      537 4 PROPERTY OUTLOOK By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] Wing Tai chairman Cheng Wai Keung says that the group will take an opportunistic approach in buying Singapore residential development sites, given the current abnormal market trends. For one thing, the upcycle in the Singapore
      537 words
    • Article
      Lock icon FCL chief sees bottom for office rents
      369 4  -  By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] Ahead of a possible listing, Frasers Centrepoint Ltd (FCL) chief executive Lim Ee Seng said yesterday that office rents may have hit a bottom, while suburban malls and hospitality should provide resilience for the property developer. Suburban malls
      369 words
    • Article
      Lock icon Analysts steering clear of S-chips, China Minzhong
      541 6  -  ‘Better safe than sorry’ stance after short-selling attack on CMF by Glaucus By R SIVANITHY sivan@sph.com.sg IN yet another blow to the already rock-bottom confidence in S-chips, Monday’s short-selling attack on China Minzhong Food (CMF) by Glaucus Research has prompted some local broking
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    • Article, Illustration
      Lock icon Eu Yan Sang Q4 profit falls 49% to $4.7m
      455 6  -  By GRACE LEONG gleong@sph.com.sg TRADITIONAL Chinese medicine retailer Eu Yan Sang International registered a 49 per cent fall to $4.7 million in net profit for the fourth quarter ended June 30 despite an 11 per cent rise in revenue to $77.3
      BT FILE PHOTO  -  455 words
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      208 2 The best pure-play private bank in Asia EFG Bank iSHrMSSfr Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com 2Asia Pacific O OUTSOURCING SUMMIT <S October 21-24 Nusajaya-lskandar Malaysia I A WairCp outsl. -;ng IMWr MALAYSIA CREATING SUSTAINED VALUE FOR REGIONAL INTEGRATION REGIONAL PARTNERS, GLOBAL SUCCESS r REGISTER NOW! Contact
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      169 3 WE HAVE REACHED THE STARS there was more to it than meets the eye. BOVET EXHIBITION The Art Poetry of Artisanal Engraving 28 AUG TO 4 SEP 2013 Sincere Haute Horlogerie at the Hilton Shopping Gallery welcomes you to discover the world of exquisite engraving and enamelling artistry that is
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      423 5 DBS TREASURES Q PRIVATE CLIENT ■u Investment expertise steeped in Asian insights. Lifestyle privileges served with Asian hospitality. Experience the best of both worlds with DBS Treasures Private Client. Start your wealth journey with us and receive S$2 f 500 in ION Orchard shopping vouchers* To find out more, scan
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      3030 6 VOLUNTARY UNCONDITIONAL CASH OFFER by KPMG Corporate Finance Pte Ltd (Incorporated in the Republic of Singapore) Company Registration No. *****0417D for and on behalf of Asian Paints (International) Limited (Incorporated in the Republic of Mauritius) Company Registration No. *****/6184 to acquire all the issued ordinary shares in the capital of
      3,030 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Wing Tai’s Q4 earnings rise 72% to $275.8m
      818 7  -  It proposes to pay 12 cents in total dividends, up from seven cents before By KALPANA RASHIWALA kalpana@sph.com.sg WING Tai is proposing to reward shareholders with 12 cents in total dividends for the financial year ended June 30, 2013, up from seven
      818 words
    • Article
      Lock icon Full-year net profit falls 27% at Sim Lian Group
      452 7  -  Results hurt by higher costs and lower revenue By FELDA CHAY feldac@sph.com.sg SIM Lian Group’s net profit for its full year fell 27 per cent from $229 million to $166.9 million on the back of higher contract costs and a fall
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    • Article, Illustration
      Lock icon IHH’s Q2 profit falls 61% to RM156.8m
      631 9  -  Patmi plummets as last year’s earnings were boosted by medical suites sale By PAULINE NG in Kuala Lumpur IHH Healthcare Bhd (IHH) registered an improved operational performance in the second quarter to end-June, boosted by the ramp-up of new hospitals, as well as
      ST FILE PHOTO  -  631 words
    • Article
      Lock icon AusGroup Q4 net hit by lower revenue, margin
      271 9  -  By CARINE LEE carinel@sph.com.sg AUSGROUP yesterday reported a 93.6 per cent plunge in fourth-quarter net profit to A$525,000 (S$604,830), from A$8.25 million a year ago. Reduction in revenue from its integrated services division resulted in group turnover for the three months ended
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    • Article
      Lock icon Karin’s FY13 net falls 7.5% to HK$55.7m
      279 9  -  By GRACE LEONG gleong@sph.com.sg KARIN Technology Holdings’ fiscal 2013 net profit fell 7.5 per cent to HK$55.7 million (S$9.23 million) due to a rise in operating expenses and an increase in taxable profit in certain subsidiaries. Including earnings attributable to non-control-ling interests, net
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    • Article
      Lock icon Goodpack posts 13.4% rise in FY13 profit to US$51.27m
      320 9  -  By KELLY TAY kellytay@sph.com.sg HOMEGROWN packaging company Goodpack Ltd’s net profit for the full year ended June 30 rose 13.4 per cent to US$51.27 million, while revenue increased 7.7 per cent to US$190.85 million. The group said its turnover growth up
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    • COMPANY BRIEFS
      • Article
        Lock icon Global Logistic inks large lease in Suzhou
        98 9 GLOBAL Logistic Properties, already the largest provider of modern logistics facilities in China, Japan and Brazil, has leased 32,000 square meters (sq m) or 344,000 sq ft at GLP Park SND in Suzhou, Eastern China. The customer is Yunda Express, one of China’s
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      • Article
        Lock icon Logistics’ profit inches up to $5.2m
        100 9 LOGISTICS Holdings reported a 2 per cent increase in earnings to $5.24 million, from $5.14 million a year ago for the year ended June 30, 2013. Revenue jumped 61 per cent to $103.4 million, from $64.1 million as it recognised inflows for work completed
        100 words
      • Article
        Lock icon KSH awarded $99m building contract
        89 9 KSH Holdings announced that it has been awarded a $98.94 million construction contract from associate Oxley Viva Pte Ltd. This is for the construction of NEWest, a mixed-use development located at West Coast Drive in District 5. Construction for NEWest is expected to commence in
        89 words
      • Article
        Lock icon Fair value gains boost Noel net by 54%
        82 9 NOEL Gifts International lifted its full year bottomline by 54 per cent to $4.93 million, from $3.2 million a year earlier, thanks largely to fair value adjustment for investments. Revenue for the year ended June 30 was $28.14 million, up 9.3 per
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      • Article
        Lock icon Mirach discovers new oil zone in Indonesia
        138 9 MIRACH Energy said it had “unexpectedly uncovered” a new untapped oil zone at the Kampung Minyak Oil Field (KM) as it drilled deeper at the KM-607 infill well, which was spudded on Aug 9. This zone is below the old production oil layer.
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      432 7 SINGAPORE HUMAN CAPITAL SUMMIT PEOPLE STRATEGIES FOR ASIA FUTURE-PROOFING YOUR ORGANISATION RESORTS WORLD SENTOSA, SINGAPORE 11 -12 SEPT 2013 i A o Tfi REGISTER NOW GROUP DISCOUNTS AVAILABLE Asia’s premier human capital and leadership conference Back for its sixth year, the 2013 Singapore Human Capital Summit will feature a world-class
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      106 7 www.matrix.sg Save up to 80% on your international roaming phone bills Benefits: Matrix makes sense Value-added Services (Optional) Option of receiving all your Singapore calls on the matrix mobile number with our “Follow Me Service” Stay connected online with your smart phone or laptop with great data plans Free incoming
      106 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon US woes continue to drag on STI
      591 8  -  Index drops 1.6% to 3,034.02, the worst of nine consecutive falls; focus still on penny stocks STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE flight of capital out of this part of the world triggered by tapering worr i es i n t h
      Source: Bloomberg  -  591 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 8 Aug 27 VALUE CLOSE BT OB/OS -1019.0 -365.0 BT CADI -*****.0 -316.0 BT 10-day MA -*****.00-102.00 FTSE ST Mid Cap 734.40 -7.65 FTSE ST Small Cap 526.42 -7.57 FTSE ST All Share 744.76 -11.45 FTSE ST China Top 187.27 -1.99 FTSE ST China 219.27 -2.54 FTSE ST
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 9 4 0 0 0 0 9 4 Manufacturing 19 97 28 4 16 7 23 113 35 Commerce 7 40 21 3 9 1 10 49 22 Tpt/Stor/Comms 6 29 7
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      907 8  -  Compiled by KENNETH LIM Suntec Real Estate Investment Trust Aug 27 close: S$1.50 OCBC Investment Research, Aug 27 SUNTEC Reit announced on Aug 15 that it has established a US$1.5 billion Euro Medium Term Note programme with ANZ Bank, Citigroup Global Markets, DBS Bank and Standard Chartered Bank
      Source: Bloomberg  -  907 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,810 24,810 70,308 70,308 Manufacturing 419,664 318,759 738,423 209,300 5,365 214,665 Commerce 129,782 773,987 903,769 103,304 41,197 144,501 Tpt/Stor/Comms 143,618 26,249 169,867 145,818 10,156 155,974 Finance 195,751 5,083 200,834 236,394 2,063 238,457 Construction 90,215 30,137
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      117 8 Stock name Close Change CapMallsAsia 1.805 -0.025 CapitaLand 3.000 -0.050 CapitaMall 1.870 -0.030 CityDev 9.980 -0.030 ComfortDelGro 1.800 -0.025 DBS Grp 16.000 -0.230 GLP 2.720 +0.030 Genting SP 1.335 -0.015 Golden Agri 0.560 -0.005 HK Land 6.370 -0.110 HPH Trust US$ 0.730 +0.005 JMH 52.250 -2.850
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    • Article, Illustration
      Lock icon Syria tensions buoy yen, Swiss franc while riskier currencies drop
      486 8 CURRENCIES Reu ters [LONDON] The safe-haven yen and Swiss franc gained yesterday and riskier currencies such as the Australian dollar fell as geopolitical tensions rose with the West appearing to edge towards military action against the Syrian government. The dollar
      Reuters; PHOTO: BLOOMBERG  -  486 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Albedo 671,587,000 AdvanceSCT 299,023,000 Cedar 252,386,000 Innopac 167,787,000 Thai Beverage 99,587,000 Golden Agri 95,365,000 WE Hldgs 73,367,000 Magnus 68,996,000 OKH Global 62,539,000 GSH Corp 56,532,000 VALUE($) UOB 70,916,890 SingTel 62,702,920 OCBC Bk 60,158,663 DBS Grp 59,280,280 Golden Agri 53,609,935 CapitaLand 51,433,050 Keppel Corp 46,829,752 Thai Beverage
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    • Article
      Lock icon RISES
      118 8 BY CENTS CLOSE UP GLD 10US$ ***** 201.6 1.2 DBXT FTVietnam 10US$ 2257 29.5 1.0 DBXT MSTaiwan 10US$ 1817 29.5 1.3 DBXT FTChina25 10US$ 2786 25.7 0.7 DBXT S&P500 10US$ 2723 25.7 0.7 DBXT S&P Short 10US$ 2949 24.4 0.6 DBS Bk 4.7% NCPS 100 ***** 14.0 0.1 Lyxor
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    • Article
      Lock icon FALLS
      127 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 8254 -585.5 -5.2 Lyxor Indonesia10US$ 7350 -577.8 -5.8 JMH 5225 -365.9 -5.2 DBXT AUDCS 5SG$ ***** -295.0 -1.2 JSH 3201 -261.9 -6.0 Jardine C&C 3354 -191.0 -5.4 DBXT MSMSIA 10US$ 1371 -152.8 -8.0 DBXT MSINDO 10us$ 1113 -92.5 -6.1 DBXT MSAsExJp 10US$
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      138 9 Fora onersv efti c,ent productive, C \fSjG sustainable fB revisions MANDATORY ENERGY LABELLING MINIMUM ENERGY EFFICIENCY STANDARDS under the Energy Conservation Act Effective from 1 September 2013 r Who are affected? > All importers or manufacturers who supply registrable air-conditioners and refrigerators in Singapore > Distributors, retailers, property developers, contractors
      138 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Changi passenger traffic up 4% in July
      327 10  -  Asia-Pacific, Middle East demand fuels passenger growth; airfreight also up By MALMINDERJIT SINGH msingh@sph.com.sg WITH the haze having faded away last month, passenger traffic at Changi Airport rose 4 per cent from a year ago. The total number of passengers that passed through
      PHOTO: BLOOMBERG  -  327 words
    • Article, Illustration
      Lock icon 78% of finance executives in S’pore work extra hours: poll
      427 10  -  By CHUANG PECK MING peckming@sph.com.sg MONEY makes the world go round and that means the global financial services industry that handles it never goes to sleep. For those in the industry, it means extra hours at work and doing shifts.
      Source: eFinancialCareers.sg  -  427 words
    • Article
      Lock icon Services sector business receipts up 7.7% in Q2
      443 10  -  Financial insurance services enjoyed top growth of 13.9% By KELLY TAY kellytay@sph.com.sg SINGAPORE’S services sector continued to perform well in the second quarter of 2013, with business receipts rising 7.7 per cent year-on-year, and all segments registering positive growth. Economists say the
      443 words
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      125 10 Singapore MEDiAriipjl Lecture 2013 Mediation: The Way Forward Speaker The Right Honourable the Lord Woolf Former Master of the Rolls (1996 2000) and former Lord Chief Justice of England and Wales (2000 2005). Lord Woolf has been at the forefront of the development and acceptance of mediation in England and
      125 words
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      404 10 LOST SHARE CERTIFICATE The following share certificate has been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Neptune Orient Lines Limited *****29 Woon Ah Kow 1,000 NOTICE IS HEREBY GIVEN that if within fourteen (14) days from the date hereof no claims
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      692 11 Singapore Exchange Limited Company Registration No. *****4940D (Incorporated in the Republic of Singapore) S I N G A P O R E E XC H A N G E Notice of Annual General Meeting NOTICE ISHEREBY GIVENthattheFourteenthAnnualGeneralMeetingofSingaporeExchangeLimited(the “Company”)willbeheldat NTUCAuditorium, One Marina Boulevard, Level 7,Singapore *****9onThursday,19September2013at10.00a.m.totransactthefollowingbusiness: A Ordinary Business Ordinary Resolution
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  • FORWARD THINKERS
    • Article, Illustration
      Lock icon Transforming the travel industry
      1973 12  -  Global distribution system firm Abacus International is riding on opportunities brought about by technology and the low-cost carrier segment, reports ANNA TEO reportsANNA reportsANNA TEO anna@sph.com.sg THE dawn of the Internet Age and the rise of low-cost carriers may have revolutionised the travel market over the
      PHOTO: REUTERS  -  1,973 words
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      697 13 Zip My) SI m m Nearly two out of three companies plan to invest more in social technology over the next three years. Could you use an extra day of productivity from your staff each week? Social technology can help increase efficiency by as much as 25%. f > Vf,
      697 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia cable makers headed for shake-up
      744 14 Thin margins amid stiff competition expected to drive consolidation Reu ters [JAKARTA] Indonesia may lose three quarters of its power cable makers in the next two to three years as thin margins drive weaker players to accept buyouts, leaving a handful of larger companies
      Reuters; PHOTO: REUTERS  -  744 words
    • Article
      Lock icon CIMB Q2 profit drops 5%
      290 14 Indonesian operations’ weaker contributions cited as reason Reuters [KUALA LUMPUR] CIMB Group Holdings Bhd, Malaysia’s No 2 lender, said its sec-ond-quarter net profit fell 5 per cent from a year earlier, weighed down in part by weaker contributions from its Indonesian operations. CIMB has been
      Reuters  -  290 words
    • Article
      Lock icon Petronas may defer some projects due to tepid oil price
      198 14 Reuters [KUALA LUMPUR] Malaysia’s state energy firm Petronas may defer some existing projects, including a US$19 billion petrochemicals complex, as it seeks to keep a lid on costs after lower crude oil prices crimped profit growth, its CEO Shamsul Azhar
      Reuters  -  198 words
    • Article
      Lock icon KL mulls over raising property gains tax to cool housing market
      267 14 Last year’s tax raise has failed to check prices, says minister Reuters [KUALA LUMPUR] Malaysia’s government is exploring the possibility of hiking the real property gains tax (RPGT) to rein in rising housing prices and curb speculation in the
      Reuters  -  267 words
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      160 14 Moonlit treasures This Mid-Autumn Festival, indulge in delightful snowskin creations such as White Coffee with Red Bean Paste and the Durian Snowskin Mooncake crafted with Mao Shan Wang durians. Savour our Traditional Baked Skin Mooncake, encasing White Lotus Seed Paste with a choice of Macadamia Nuts, Single Yolk and Double
      160 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China industry recovers in July with 12% rise in net profit
      447 15 Power, telecoms, auto manufacturing grow; coal miners’ profits slide Bloomberg [BEIJING] China’s industri-al-profit growth rebounded in July, adding to signs that the world’s second-biggest economy is stabilizing after a two-quarter slowdown and an interbank lending squeeze in June. Net
      Bloomberg; PHOTO: AP  -  447 words
    • Article
      Lock icon China hit by ‘largest ever’ attack on its Internet
      447 15 The country’s .cn servers crash in the attack on the domain name resolution service AFP [BEIJING] China has been hit by the “largest ever” attack on its Internet structure, crashing the country’s .cn servers, according to a governmentlinked agency. The national
      AFP  -  447 words
    • Article
      Lock icon Tax cuts to ease burden on small firms in China
      311 15  -  By S C YEUNG EJ Insight [HONG KONG] The annual tax burden on China’s small enterprises is set to get 30 billion yuan (S$6.2 billion) lighter with the scrapping on Aug 1 of business and value-added taxes on the sector.
      EJ Insight  -  311 words
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      105 15 >v. Mr Lim Tiam Seng, PBM Patron, Yio Chu Kang Community Club (CC) Executive Chairman Chip Eng Seng Corporation Ltd On Being Conferred The Public Service Star (BBM) by His Excellency The President of the Republic of Singapore Mr Raymond Chia Lee Meng Patron, Nee Soon South Citizens' Consultative Committee
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  • INDIA
    • Article, Illustration
      Lock icon Delhi approves raft of infrastructure projects
      468 16 It hopes to kick-start investment by clearing schemes worth 1.83t rupees Reuters [NEW DELHI] The Indian government said yesterday that it has approved a raft of infrastructure projects worth 1.83 trillion rupees (S$35.8 billion) to revive economic growth and restore investor confidence after a
      Reuters  -  468 words
    • Article
      Lock icon Indian firms turn to loans as bond yields hit the roof
      354 16 Bloomberg [MUMBAI] Loan growth in India is picking up from a 2009 low as the highest corporate bond yields since the global financial crisis force companies to rely more on their bankers for funding. Billionaire Kumar Mangalam Birla’s Hindalco
      Bloomberg  -  354 words
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      1376 16 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SUMITOMO MITSUI FINANCIAL GROUP, INC. Annual Report for the Year ended March 31, 2013 BOARD OF DIRECTORS, CORPORATE AUDITORS AND EXECUTIVE OFFICERS (As of June 27, 2013) CHAIRMAN OF THE BOARD Masayuki Oku PRESIDENT Koichi Miyata DIRECTORS Takeshi Kunibe Ken Kubo Yujiro Ito
      1,376 words
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      1382 16 UCO BANK A GOVERNMENT OF INDIA UNDERTAKING Head Office:!0 B.T.M.Sarani Kolkata-700 001 AUDITED ACCOUNTS AS AT 31 ST MARCH, 2013 BALANCE SHEET AS ON 31 ST MARCH, 2013 (000'S OMITTED) As on 31.3.2013 As on 31.3.2012 PROFIT LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2013 INCOME Schedule 17 PRINCIPAL
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Falling German-Italy yield gap masks Berlusconi threat
      859 17 Yield premium to hold Italian bonds rather than the bund hits two-year low Bloomberg [LONDON] Italian borrowing costs relative to Germany are shrinking as bund yields climb, in turn masking investor concern about the potential for political turmoil, credit default swaps suggest. The
      Bloomberg; PHOTO: AP  -  859 words
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      1514 17 notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Consolidated Balance Sheets As of March 31 Mizuho Financial Group, Inc. Millions of Yen 2013 2012 Assets Cash and Due from Banks 12,333,997 7,278,477 Call Loans and Bills Purchased 530,541 249,032 Receivables under Resale Agreements 9,025,049 7,123,397 Guarantee Deposits Paid under Securities Borrowing
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      342 17 A.LANGE SOHNE BOUCHERON BUBEN ZORWEG CARTIER CASIO G-FACTORY CHAUMET CORTINA WATCH FRANCK MULLER HARRY WINSTON IWC SCHAFFHAUSEN BOUTIQUE‘KRASNAYA-BY RED ARMY WATCHES L'ATELIER BY THE HOUR GLASS‘LARRY JEWELRY MOMENTS OF CITY CHAIN OFFICINE PANERAI* OMEGA‘PATEK PHILIPPE PHILIP STEIN ROLEX TUDOR SWATCH TAG HEUER TOY WATCH A.LANGE SOHNE BOUCHERON BUBEN ZORWEG‘CARTIER‘CASIO G-FACTORY
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  • WORLD
    • Article, Illustration
      Lock icon Nasdaq, NYSE at odds on cause of 3-hour glitch
      739 18 They blame each other for the outage; told by SEC to come up with timeline Reuters [NEW YORK] US regulators have asked Nasdaq OMX Group and NYSE Euronext to come up with a timeline of last Thursday’s threehour trading disruption, but
      Reuters; PHOTO: REUTERS  -  739 words
    • Article
      Lock icon Billabong posts A$859.5m loss
      409 18 AFP [SYDNEY] Embattled Australian surfwear brand Billabong reported a huge A$859.5 million (S$988.4 million) net annual loss yesterday triple the firm’s market value and far worse than analyst forecasts. Billabong said the record loss, which significantly undershot market predictions of a A$560 million debit, came after
      AFP  -  409 words
    • Article, Illustration
      Lock icon Europe’s single rule book for banks may be stillborn
      682 19 Northern countries proceed with rules to ward off next boom-to-bust cycle Bloomberg [COPENHAGEN] The goal of a single rule book for Europe’s banks is splintering even before it’s implemented as northern countries move ahead with tougher requirements to ward off the
      Bloomberg  -  682 words
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      Lock icon Cornwall tin rush raises ire of British surfers
      576 19 AFP [ST AGNES, United Kingdom] The dramatic coastline of Cornwall in south-west England is dotted with chimney stacks left over from its long gone mining industry. But out to sea lies another legacy thousands of tonnes of tin, waiting to be mined.
      AFP; PHOTOS: AFP  -  576 words
    • Article
      Lock icon Seoul drops plan to privatise Korea Development Bank
      461 19 It proposes merging the lender with Korea Finance, while selling other assets Bloomberg [SEOUL] South Korea scrapped a five-year-old proposal to sell Korea Development Bank (KDB), a signal President Park Geun-hye will use the nation’s biggest policy lender to channel more funds
      Bloomberg  -  461 words
    • Article
      Lock icon Bitcoin trade group has ‘meet and greet’ with US Feds
      370 19 Bloomberg [WASHINGTON] A Bitcoin trade group met with members of the US Treasury Department’s Financial Crimes Enforcement Network, regulators and law enforcement officials to discuss the digital currency. Members of the Bitcoin Foundation briefed representatives of agencies including the Federal
      Bloomberg  -  370 words
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      Lock icon West could strike Syria in days, envoys tell rebels
      642 21 Emerging market stocks fall on worry that capital outflows will speed up Reuters Bloomberg [AMMAN] Western powers could attack Syria within days, envoys from the United States and its allies told rebels fighting President Bashar al-Assad, sources who attended the meeting
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    • Article, Illustration
      Lock icon No negotiating debt limit: Treasury Sec
      520 21 US will hit US$16.7t debt ceiling in mid-October Bloomberg [WASHINGTON] Treasury Secretary Jacob Lew reiterated that the Obama administration will not negotiate over the debt limit, saying he thinks lawmakers understand the need to preserve the US’s “rock-solid” pledge to meet its commitments. “We’re
      Bloomberg  -  520 words
    • Article
      Lock icon Consumer confidence climbs in Aug
      321 21 LATEST US DATA Bloomberg [WASHINGTON] Confidence among US consumers unexpectedly increased in August as Americans grew more optimistic about the outlook for the economy. The Conference Board’s index of sentiment advanced to 81.5 from a revised 81 the prior month that was stronger than initially
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      1410 18 w KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices o WTcfaf til State Bank of India With you all the way (Incorporated in India) our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India, Those Standards require that
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      1105 18 Overseas Bank (Incorporated in India) Central Office: 763, Anna Salai, Chennai 600 002 PROFIT LOSS ACCOUNT FOR THE YEAR ENDED 31 ST MARCH 2013 Year Ended in 000s) Year Ended INDEPENDENT AUDITORS’ REPORT To 4 The President of India Report on the Financial Statements 1 We have audited the accompanying
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      354 19 A A.LANGE SOHNE BOUCHERON BUBEN ZORWEG CARTIER CASIO G-FACTORY CHAUMET CORTINA WATCH FRANCK MULLER HARRY WINSTON IWC SCHAFFHAUSEN BOUTIQUE‘KRASNAYA-BY RED ARMY WATCHES L'ATELIER BY THE HOUR GLASS‘LARRY JEWELRY MOMENTS OF CITY CHAIN OFFICINE PANERAI OMEGA PATEK PHILIPPE PHILIP STEIN ROLEX TUDOR SWATCH TAG HEUER TOY WATCH A.LANGE SOHNE BOUCHERON BUBEN
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      3114 20 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices (Incorporated In Japan With Limited Liability) Consolidated Balance Sheets As of March 31, 2013 and 2012 2013 2012 Millions of yen Assets: Cash and due from banks ¥1,687,792 ¥1,919,234 Call loans and bills bought 284,000 68,100 Receivables under securities borrowing transactions 31,642
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      26 21 i 0 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* HOTFMSG
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      22 21 Into its 10thedition Participate In Singapore’s MEGA WORLD FOOD FAIR SINGAPORE EXPO HALL 4 5th 8th Sept 2013 *****620 or Email: sales@exhibitsinc.com.sg
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      345 21 A.LANGE SOHNE BOUCHERON BUBEN ZORWEG CARTIER CASIO G-FACTORY CHAUMET CORTINA WATCH FRANCK MULLER HARRY WINSTON IWC SCHAFFHAUSEN BOUTIQUE‘KRASNAYA-BY RED ARMY WATCHES L'ATELIER BY THE HOUR GLASS‘LARRY JEWELRY MOMENTS OF CITY CHAIN OFFICINE PANERAI OMEGA PATEK PHILIPPE PHILIP STEIN ROLEX TUDOR SWATCH TAG HEUER TOY WATCH A.LANGE SOHNE BOUCHERON BUBEN ZORWEG‘CARTIER‘CASIO
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  • EDITORIAL & OPINION
    • Article
      Lock icon Fukushima risks must be addressed urgently
      474 22 EDITORIAL THERE was a huge international outpouring of sympathy and offers of help for Japan at the time of the Fukushima nuclear disaster in March 2011. But, as time has gone by, attitudes have begun to harden against what looks increasingly like a mixture
      474 words
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      Lock icon Enough with confessions; where is the evidence?
      813 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE five-day trial of fallen Chinese superstar Bo Xilai, which the Communist authorities hoped would demonstrate their determination to target tigers rather than just
      813 words
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      Lock icon Austerity’s other result: improving trade balance
      985 22  -  While debt may not have reduced, economies are seeing better current account positions By DANIEL GROS The writer is director of the Centre for European Policy Studies. Project Syndicate [BRUSSELS] ALTHOUGH many European governments have announced expenditure cuts an d t ax hik es
      Project Syndicate; PHOTO: REUTERS; Source: calculations based on data from Eurostat and the IMF (WEO database)  -  985 words
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      Lock icon Banks seek innovative ways to grow
      946 23  -  Apart from mergers, digital offerings and optimising back-office functions are among the new business models By WEI MIN CHIN, SUSHIL SALUJA The writers are managing director for the capital market industry in Asia-Pacific at Accenture, and senior managing director of Accenture’s Financial Services group
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      Lock icon Asia’s enemy is being smug, not Fed policy
      933 23  -  WILLIAM PESEK The writer is a Bloomberg View columnist. IT’S time to set our clocks back in Asia. Not to 1997, as many are recommending, but to 1994. Memories of the former year remain raw. Currencies had gone into free fall and
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  • Transport HUB
    • Article
      Lock icon Mexico shipping seeks investment from Singapore
      455 24  -  Mexican maritime, port authority team meets officials of MPA, six companies By MALMINDERJIT SINGH msingh@sph.com.sg MEXICO is looking to beef up its shipping and maritime capabilities and is aiming for Singapore investments to help it do so. A Mexican shipping delegation was here yesterday
      455 words
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      Lock icon Is the Oil Age petering out?
      808 24  -  Alternative energy sources for shipping will present a complex situation shortly STRAIT TALK By DAVID HUGHES THE Oil Age will not end due to a lack of oil, just like the Stone Age did not end due to a lack of stones. That is
      PHOTO: BLOOMBERG  -  808 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon China Southern posts 19% fall in H1 profit
        561 25 It reaps forex gain of 1.5b yuan; strong currency masks operating loss Bloomberg [HONG KONG] China Southern Airlines Co, Asia’s biggest carrier by traffic, posted a first-half profit as gains from the yuan’s appreciation helped mask an operating loss caused by competition
        Bloomberg; PHOTO: AFP  -  561 words
      • Article
        Lock icon TRANSPORT STOCKS
        233 25 SGX '000 Aug 27 S$ +/-Vol CH Offshore 0.41 unch 11 Chuan Hup Hldg 0.26 -0.01 640 Cosco Corp 0.68 -0.01 1079 s$ Ezra Hldgs 0.86 0.03 7055 First Ship Lea 0.08 unch 353 Freight Links 0.12 -0.01 ***** Grand Banks 0.30 -0.03 3 Jaya Hold Ltd K1Ventures...............0.19
        233 words
      • Article
        Lock icon Qatar Airways lifts baggage allowance to woo travellers
        241 25 New rules take into account its increased global network Bloomberg [TOULOUSE] Qatar Airways has raised the maximum weight for check-in baggage to 30 kilogrammes for economy-class passengers on most international flights, as airlines use baggage allowances as a tool to win more
        Bloomberg  -  241 words
      • Article
        Lock icon ANA to buy stake in Myanmar firm
        337 25 Bloomberg [TOKYO] ANA Holdings Inc, Japan’s largest airline, will buy a stake in Myanmar’s Asian Wings Airways Ltd as it becomes the latest company to expand in the South-east Asian nation. The Japanese carrier will pay US$25 million for a 49 per cent
        Bloomberg  -  337 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Merc unveils strategy to boost China sales
        915 26 It’ll launch 20 new or upgraded models, spend 2b euros over next two years Reuters [BEIJING] Daimler AG’s Mercedes-Benz will launch around 20 new or upgraded car models in China over the next two years, part of a broader turnaround effort aimed at
        Reuters; PHOTO: BLOOMBERG  -  915 words
      • Article
        Lock icon UK urged to abandon high speed rail plan
        449 26 Project will not offer value for money, says business group Reuters [LONDON] Britain should abandon plans for a mul-ti-billion-pound high speed rail link between London and central and northern England because it will not offer value for money, an influential business group
        Reuters  -  449 words
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      54 24 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 part
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      12 25 www.omy.sg '-V y Join us for SHINee, f(x)Sullis Singapore Press Conference showbiz.omy.sg
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      14 25 China tofurther openup itsdigital publishing market To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      567 25 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
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      325 25 CRYPTIC CROSSWORD Across 1 A fine female, fit and friendly (7) 5 A clot is treated for patient (7) 9 Certain to turn over in intimate examination (7) 10 Girl expressed pleasure vocally, getting caught (7) 11 Through decree nisi, I left moving house (9) 12 Got a whiff of
      325 words
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      94 26 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.
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  • Article
    Lock icon SHIPPING TIMES
    2348 27 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE CONCOURSE SINGAPORE *****5 Main Line: 6603 9550 FAX: 6603 9566 VESSEL VOY SIN NOU SUVA BUS
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      70 27 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 find
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      18 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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      143 28 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 FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3089 29 Transaction date: Aug 27 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 11.9 8Telecom M Cap High Low Company Sale 91.5 58 Abterra
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      Lock icon SGX CATALIST
      218 30 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 Cvr P/E Smil 0.5
      218 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10945 30 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 EM local Ccy Bond 0 9146/ European Opportunities 1 1 2534/ Global
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      Lock icon GLOBALQUOTE
      262 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 53.5 27 AVJennings A50.5 +0.5 23 53 50.5 50.5 53 3.6 6.9 4.1 187 52 31 Genting HK US$ US41 -0.5 5562 41.5 40 40.5 41 2699.7
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    • Article
      Lock icon SGX ETF
      936 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 115 9 115 115 114 115 525 143 120.4 CIMB APAC Div 100S$D 129.1 129.7 130.6 114.4 99 CIMB APAC
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      588 31 Aug 27 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.75 *****.79 *****.10 Sep13 *****.00 *****.00 *****.00 *****.00 ***** *****7 Dec13 *****.00 *****.00 *****.00 *****.00 1038 ***** MSCI TAIWAN INDEX FUTURES SPOT 277.29 278.13 275.64 Aug13 277.70 277.80 275.20 275.70 ***** *****3 Sep13 276.80
      588 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 31 In local curr In S$ In US$ dy yr dy yr dy yr Aug 26 Index Change Change Change Change Change Change World Preliminary 1081.8 0.1 15.3 0.2 18.2 0.1 12.8 EAFE Preliminary 885.2 0.0 14.3 -0.1 14.4 -0.2 9.2 Europe Preliminary 1271.3 -0.1 10.8
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 31 Aug 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.943 5.477 0.670 6.939 58.846 97.741 0.875 9.988 2.977 1.151 92.824 39.812 1.149 9.307 0.823 26.825 28.776 0.576 0.895 Canada 1.061 5.810
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    • Article
      Lock icon SIBOR
      51 31 Aug 27 (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$) 1 mth 1 mth 2 mths 2 mths 0.***** 9 mths 12 mths 9 mths Source: Thomson
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    • Article
      Lock icon GOVERNMENT SECURITIES
      92 31 Aug 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.25 6-Month BS*****A 21-Feb-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100 100.07 100.07 5-Year N*****0T 0.5
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    • Article
      Lock icon PRECIOUS METALS
      134 31 Aug 27 GOLD(US$/oz) Aug 27 Aug 26 Hong Kong 1413.00 1403.00 Aug 26 Aug 23 London 1398.40 1395.86 1399.15 1396.76 Source: Thomson Reuters CAST BAR Aug 27 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 129 57 5gm 368 287 10gm 656 575
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    • Article
      Lock icon PALM OIL
      57 31 Aug 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2498.0 2466.0 2502.0 2457.0 268 2710 Oct 13 2460.0 2458.0 2479.0 2445.0 5113 ***** Nov 13 2448.0 2452.0 2468.0 2434.0 ***** ***** Dec 13 2437.0 2452.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 31 Aug 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1484 1.1494 0.8944 0.8949 Canadian dollar 1.2184 1.2194 0.9494 0.9489 Euro 1.7153 1.7161 1.3359 1.3361 NZ dollar 0.9981 0.9989 0.7773 0.7777 Sterling pound 1.9932 1.9943 1.5523 1.5527
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    • Article
      Lock icon CHICAGO BOT
      109 31 Aug 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 13 1427.75 1365.25 1435.25 1382.25 Nov 13 1389.50 1328.00 1398.00 1348.00 Jan 14 1387.00 1328.50 1398.25 1344.75 Mar 14 1353.00 1305.25 1364.25 1320.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 13
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    • Article
      Lock icon LIFFE
      95 31 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$/tonne) Close Prev High Low Sep 13 1741 1781 1784 1740 Nov 13 1772 1793 1796 1765
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1060 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 0.1 1 123 1331 86.00 9 Exer Albedo Limited W*****9 Prem Disc Ascendas Reit MB ECW*****3 Gear- Mths Asiatravel.com HoldingsW*****7 0.2 1 25 11
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 31 CRUDE OIL PRODUCTS Aug 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.02 0.12 WTI (Near Mth) 106.13 -0.28 Dubai (1-Mth F) 107.10 0.47 Tapis blend 118.23 1.11 Minas 110.43 1.11 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.67 0.95 Jet Kerosene 124.56 0.28 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      23 31 Aug 27 S$ S$ Bid Offer 1-month 1.2840 1.2844 2-months 1.2839 1.2843 3-months 1.2839 1.2843 6-months 1.2836 1.2840 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 31 Aug-23 Aug-23 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1846.60 1846.60 3 months 1893.00 1893.00 Copper, Grade A(US$/tonne) Cash 7333.00 7333.00 3 months 7360.00 7360.00 Lead(US$/tonne) Cash 2197.25 2197.25 3 months 2212.00 2212.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 31 As at 9am Aug 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.179 1.123 Can dollar 1.242 1.195 Euro 1.757 1.674 Sterling pound 2.037 1.959 NZ dollar 1.026 0.987 US dollar 1.309 1.247 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 31 Aug 27 $S Offer Bid 0vernight 0.03 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
      154 words
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      379 32 US financials: better asset quality better market outlook better investment opportunity? Call +65 *****772 or go to ubs.com/investment-ideas and bring Substance to your investment portfolio. This material has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient and is published solely for information
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  • executive Money
    • Article, Illustration
      Lock icon How to protect yourself from inflation
      858 34  -  Several asset classes offer inflation-hedging characteristics. Some are better than others By MANPREET GILL The writer is head of fixed income, currencies and commodities investment strategy, Standard Chartered Bank SHOULD you worry about inflation? Singapore’s annual inflation rate has averaged 3.25 per cent since
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    • Article, Illustration
      Lock icon Misgivings over bank bonuses 5 years after
      1281 32  -  Former US Treasury secretary makes his views public as anniversary of banking crisis nears By ANDREW ROSS SORKIN NYT “THERE was such a total lack of awareness from the firms that paid big bonuses during this extraordinary time.” That is what Henry Paulson
      NYT; PHOTO BLOOMBERG  -  1,281 words
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      Lock icon How to avoid being a Wall Street muppet
      822 32  -  By BARRY RITHOLTZ The writer is chief executive of FusionIQ, a quantitative research firm. He is the author of “Bailout Nation” and runs a finance blog, the Big Picture. WP ON March 14, 2012, Greg Smith resigned from Goldman Sachs in an
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      Lock icon Taiwan dollar, S Korean won drawing investors
      702 33 Their superior fiscal and current account positions, export resilience a big pull Reuters [SINGAPORE] Faced with tumbling markets as the US Federal Reserve becomes more likely to ease its stimulus measures, investors dedicated to emerging Asian markets are betting that the South Korean
      Reuters; PHOTOS: BLOOMBERG  -  702 words
    • Article
      Lock icon UK gender pay gap widens with bonus: CMI
      354 33 Men’s average bonus was more than double the women’s Bloomberg [LONDON] Male UK company managers earned average bonuses over the past year that were more than twice as big as their female counterparts’, according to the Chartered Management Institute (CMI). The average
      Bloomberg  -  354 words
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