The Business Times, 30 August 2013

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Microfilm: NL32679
Total Pages: 37
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, August 30, 2013
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  • Article
    Lock icon Now Minzhong says it was misunderstood
    736 1  -  It dismisses fraud claims but will respond only later; analysts seek strong response By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] China Minzhong Food Corp has dismissed claims of fraud against it by a shortseller as a misunderstanding of its business and said that it would issue
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,038.03 (+33.85) GST INDEX FUTURES 3,038.00 (+34.00) GSIMSCI 345.48 (+2.28) GSIMSCI FUTURES 344.40 (+1.50) US$ S$ US$ (S$ per US$) 1.279 (US$/S$ per 1.551 1.983 EURO (US$/S$/€ 1.326 1.695 Foreign currency per US$ S$ YEN 98.10 76.80 RM 3.320 2.597 HK$ 7.756 6.066 BAHT 32.21 25.19 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,703.78 +17.61 NIKKEI 225 13,459.71 +121.25 HANG SENG 21,704.78 +180.13 SET INDEX 1,292.53 +16.77 JAKARTA COMP 4,103.59 +77.12 MANILA COMP 5,944.21 +206.15 SEOUL COMP 1,907.54 +23.02 SHENZHEN B 799.39 -3.26 MUMBAI IND 18,401.04 +404.89 12noon EDT Change DOW 14,910.02 +85.51 NASDAQ 3,635.07 +41.72
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE MALAYSIA HONG KONG INDONESIA 6.55 TAIWAN INDONESIA 13.320 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 INDIA 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon Heeton seeking single buyer for iLiv@Grange
    496 1  -  But if it cannot secure a good price, it may turn to individual buyers By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] Heeton Holdings is said to be looking for a buyer to pick up all 30 units in its iLiv@Grange project, which is expected to receive
    PHOTO: ARTHUR LEE  -  496 words
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      Lock icon Page 1 Advertisements Column 1
      100 1 CORPORATE RESULTS Olam’s Q4 earnings plunge 48% PAGE 4 WINE From the Old World to the New PAGE 35 COMPANIES F&N in ownership battle over Myanmar brewery PAGE 4 SPECIAL FEATURE Country focus on Kazakhstan PAGES 12-13 EXECUTIVE LIFESTYLE Singapore’s concert scene comes of ageIPAGE 33 BT PROPERTY CLASSIFIEDS BT’s
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      359 2 Now Minzhong says it was misunderstood CHINA Minzhong Food Corp dismissed claims of fraud against it by a shortseller as a misunderstanding of its business and said it will issue a response by the end of the week. FRONT PAGE Heeton seeking single buyer for iliv@Grange HEETON Holdings
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    • Article
      Lock icon Indonesia increases interest rates to defend rupiah
      627 2 BI hikes benchmark reference rate to 7.0% and Fasbi to 5.25% Reuters [JAKARTA] Indonesia’s central bank increased both its benchmark interest rate and its overnight deposit facility rate by 50 basis points yesterday, in its latest attempt to defend the rupiah, which is
      Reuters  -  627 words
    • Article
      Lock icon Alibaba IPO plan puts HK in a spot
      401 2 Listing would be a coup, but proposal goes against HK exchange rules WP [HONG KONG] Hong Kong has a choice: grant Alibaba Group Holding a shareholder structure that mirrors the world’s largest Internet companies, or stick to rules meant to protect ordinary
      WP  -  401 words
    • Article, Illustration
      Lock icon NParks official charged with lying over bike purchase
      664 3  -  Bernard Lim faces jail term of up to a year, or a fine of up to $5,000, or both By GRACE LEONG By gleong@sph.com.sg [SINGAPORE] National Parks Board assistant director Bernard Lim Yong Soon allegedly told lies in an effort to hide
      PHOTO: WONG KWAI CHOW/THE STRAITS TIMES  -  664 words
    • Article
      Lock icon JPMorgan’s hiring ways in Asia red-flagged
      703 3 Spreadsheet linking appointments to bank deals found Bloomberg [NEW YORK] A probe of JPMorgan Chase Co’s hiring practices in China has uncovered red flags across Asia, including an internal spreadsheet that linked appointments to specific deals pursued by the bank, people with knowledge of
      Bloomberg  -  703 words
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      312 2 The best pure-play private bank in Asia EFG 0 Bank flSiSS&fr Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com Enjoy the luxury of time with a complimentary luxury hotel stay FH V i □E Mecconiche Veloci Charge an E’Coliezione timepiece to your Maybank Card and receive a complimentary luxury
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      254 3 I i: M i j a a ;*?i v "2^ t- Of •v v -i JL J 1 '"is W! W-f 1 •Itf nn ;^r nil! ■>« i < is S'i r l *m% r -r «s k ll IfHSl BG Singapore Gas Marketing (BG Singapore) is pleased to announce
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Olam’s Q4 earnings fall on higher taxes
      617 4  -  Profit down 48% at $56.8m; this is despite revenue rising 27% to $6.5b By ANDREA SOH sandrea@sph.com.sg HIGHER taxation levels and challenging market conditions caused Olam International’s fourth-quarter earnings to plunge 48 per cent, in spite of a rise in revenue. The agri-commodity
      ST FILE PHOTO  -  617 words
    • Article
      Lock icon Lum Chang’s profit growth flat as costs rise
      210 4  -  Revenue rises 75%; EPS up from 5.62 cents to 5.80 cents By CARINE LEE carinel@sph.com.sg LUM Chang Holdings’ fullyear net profit attributable to equity-holders rose a marginal 2 per cent to $21.5 million despite a 75 per cent increase in turnover to
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    • Article
      Lock icon F&N in ownership battle over Myanmar brewery
      454 4  -  By KENNETH LIM kenlim@sph.com.sg FRASER and Neave’s (F&N) joint venture partner in Myanmar Brewery Ltd (MBL) is trying to oust the conglomerate from the partners’ promising beer-making business, F&N said yesterday. Myanma Economic Holdings Ltd (MEHL), which holds 45 per cent of Myanmar
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    • Article, Illustration
      Lock icon Analysts upbeat on offshore support vessel industry
      493 5  -  They see long-term prospects, improving charter rates and vessel utilisation By MALMINDERJIT SINGH msingh@sph.com.sg THE offshore support vessel (OSV) segment is attracting more investor interest, with improvements to charter rates and vessel utilisation. Analysts believe that the segment offers long-term prospects. OCBC Investment
      PHOTO: EZION  -  493 words
    • Article
      Lock icon Ezion wins rig deal worth US$49m
      225 5  -  By VIVIEN SHIAO vshiao@sph.com.sg EZION Holdings has secured a charter contract worth US$49.1 million over a four-year period to provide a service rig for an oil major in the Middle East. The rig is expected to be deployed in the offshore oil gas fields
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    • Article
      Lock icon Guocoland Q4 profit tumbles 49%
      309 5  -  By CARINE LEE carinel@sph.com.sg GUOCOLAND Limited saw its net profit for the fiscal fourth quarter ended June 30 tumble 49 per cent to $32.22 million from $62.99 million last year. Turnover plunged 47 per cent to $168.56 million from $319.73 million, mainly on lower progressive
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    • Article
      Lock icon Project bonanza jacks up Oxley’s revenue, profit
      255 5  -  By VEN SREENIVASAN ven@sph.com.sg OXLEY Holdings, which has built up a reputation in the shoe-box and commercial property segment, lifted its topline and bottomline multi-fold as it started to recognise inflows from the more than two dozen projects it launched over the past
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    • Article, Illustration
      Lock icon DBS joins ranks of top GTS players in Asia
      700 7  -  Its profit from global transaction services in Asia was near $1 b last year By SIOW LI SEN lisen@sph.com.sg DBS is not a global bank but now ranks among the world’s largest banks when it comes to global transaction services (GTS)
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    • Article, Illustration
      Lock icon Asia helps Samsonite pack in 16.9% higher H1 profit
      393 7  -  By VEN SREENIVASAN ven@sph.com.sg SAMSONITE International, the world’s largest travel luggage company, raised its interim profit by 16.9 per cent to US$94.7 million. Its adjusted net income, after excluding certain tax benefits recognised during the first half of 2012, increased by
      PHOTO: BLOOMBERG  -  393 words
    • Article
      Lock icon Genting Bhd’s Q2 net falls 12.7% to RM466m
      125 7 Reuters [KUALA LUMPUR] Gaming-to-plantations conglomerate Genting Bhd reported a 12.7 per cent drop in quarterly profit, weighed down by weaker palm oil sales and lacklustre contributions from its Malaysian and Singapore casinos. Second-quarter net profit to June 30 fell to RM466.3 million
      Reuters  -  125 words
    • COMPANY BRIEFS
      • Article
        Lock icon Earnings up 21% at Micro-Mechanics
        65 7 PRODUCTIVITY improvements and tight cost control enabled semiconductor sector player Micro-Mechanics to lift its full year net profit by 21 per cent to $5.12 million, from $4.22 million. Revenue for the year ended June rose 0.9 per cent to $39.15 million. The company declared a
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      • Article
        Lock icon GuocoLeisure reports 43.4% profit plunge
        61 7 GUOCOLEISURE’S net profit fell 43.4 per cent to $44 million, from $77.7 million for the full year ended June. Revenue edged up 2.8 per cent to $380.3 million due mainly to higher revenue generated from the hotel segment during the 2012 Summer Olympics. The company
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      • Article
        Lock icon Ntegrator Int’l bags $6.5m of orders
        64 7 NTEGRATOR International announced that it has secured two new contracts worth $6.5 million from repeat customers Myanmar Radio and Television and the Viettel Group of Companies. The two new contracts are slated for delivery in the current financial year and are expected to contribute
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    • Article
      Lock icon Chinavision H1 net grows 30% to HK$133m
      231 7  -  By JACQUELYN CHEOK jaccheok@sph.com.sg CHINAVISION Media Group Ltd yesterday posted a 30 per cent rise in net profit to HK$133 million (S$22 million) for the six months ended June 30, up from HK$102.3 million a year ago. Revenue rose 14.4 per cent to
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      Lock icon Page 4 Advertisements Column 1
      3 4 SENTOSA DEVELOPMENT CORPORATION
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      722 4 Transfer of the Private Banking Business in Singapore from HSBC Private Bank (Suisse) SA, Singapore Branch to The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch under Sections 55B and 55C of the Banking Act, Chapter 19 of Singapore Notice is hereby given that a scheme of transfer dated 26
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      329 5 TidyDel UX0 CONDOMINIUM@SUKHUMVIT 34 UUP 3 Jr I «r- 5 mi walking distance Thonglor BIS station 4’: ins fro to i-rom SGD Sukhumvit MRT station Guaranteed Rental Return Per Annum for 1 Years* Fully Fitted few, densityi El R E EH QL Djcl e ye I o p rfi e
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon ST Index rebounds on its 11th try
      571 6  -  33.9-point increase comes despite caution in the market over Syria and Fed tapering STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent AN overnight bounce on Wall Street and a firm opening in Europe yesterday after days of weakness helped the Straits Times Index (STI) to
      Source: Bloomberg  -  571 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Aug 29 VALUE CLOSE BT OB/OS -989.0 +216.0 BT CADI -*****.0 +138.0 BT 10-day MA -*****.00 -99.00 FTSE ST Mid Cap 733.13 +3.72 FTSE ST Small Cap 524.39 +2.82 FTSE ST All Share 745.09 +7.23 FTSE ST China Top 187.55 +2.43 FTSE ST China 220.15 +3.68 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME IPCO Intl 891,630,000 MDR 500,556,000 Albedo 470,629,000 Thai Beverage 223,320,000 Innopac 152,056,000 Armarda 114,306,000 Mirach Energy 97,795,000 WE Hldgs 67,932,000 MDR W*****5 67,511,000 LifeBrandz 54,564,000 VALUE($) Thai Beverage 105,178,153 SingTel 60,358,641 DBS Grp 58,562,470 OCBC Bk 53,638,260 UOB 50,395,530 Mirach Energy 48,402,850 CapitaLand 47,259,460 Keppel Corp
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 7 1 0 0 0 8 7 1 Manufacturing 68 28 34 11 4 10 79 32 44 Commerce 36 11 14 7 3 4 43 14 18 Tpt/Stor/Comms 19 11 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,803 24,803 77,074 77,074 Manufacturing 497,754 73,126 570,880 262,798 2,975 265,773 Commerce 166,833 575,563 742,396 102,016 31,253 133,270 Tpt/Stor/Comms 124,588 18,179 142,767 128,325 7,985 136,310 Finance 173,650 1,535 175,185 200,794 615 201,409 Construction 968,784 66,110
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    • Article
      Lock icon BROKERS’ TAKE
      952 6  -  Compiled by KENNETH LIM AusGroup Aug 29 close: S$0.325 DMG Partners Research, Aug 29 AUSGROUP’s FY2013 revenue was 8 per cent lower than expectations at A$582.7 million (S$664.2 million), while profits tumbled 58 per cent to A$9.7 million, coming in 9 per cent below our forecast. If not
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Change CapMallsAsia 1.825 +0.030 CapitaLand 3.010 +0.080 CapitaMall 1.855 CityDev 9.830 +0.070 ComfortDelGro 1.780 DBS Grp 15.970 +0.120 GLP 2.670 +0.020 Genting SP 1.310 +0.005 Golden Agri 0.560 +0.010 HK Land 6.420 +0.230 HPH Trust US$ 0.730 +0.005 JMH 52.530 +0.530 JSH 32.400
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    • Article, Illustration
      Lock icon US$ gains against euro; rupee surges
      518 6 CURRENCIES Bloomberg [EDINBURGH] The US dollar yesterday rose the most in four weeks against the euro before a US report that analysts said will show economic growth accelerated last quarter, backing the case for the Federal Reserve to reduce stimulus. The US currency advanced
      Bloomberg; PHOTO: AP  -  518 words
    • Article
      Lock icon RISES
      116 6 BY CENTS CLOSE UP DBXT Nifty 10US$ 8019 363.0 3.7 DBXT MSKorea 10US$ 5684 223.7 3.2 Jardine C&C 3424 114.0 3.4 DBXT MSINDO 10us$ 1160 99.7 7.2 JMH 5253 67.7 1.0 JSH 3240 62.6 1.5 SPDRS S&P 500 10US$ ***** 55.0 0.3 DBXT MSAsExJp 10US$ 3078 52.4 1.4 DBXT
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    • Article
      Lock icon FALLS
      126 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -246.7 -1.4 Lyxor MS India 10US$ 1050 -78.0 -5.5 DBXT FTChina25 10US$ 2750 -46.0 -1.3 DBXT MSEurope 10US$ 5328 -38.3 -0.6 DairyFarm 1025 -35.8 -2.7 Keppel Corp 1012 -11.0 -1.1 SIA Engg 467 -11.0 -2.3 Spore Land 859 -11.0 -1.3 IS ASIA
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      160 7 THE SOUND VISION SPECIALIST AV ONE 2013 COLLECTIONS Parrot Series Zik Headphone S580 Q I Zikmu Now: $2,688 Zikmu Solo Now: $1,688 Zikmu designed by Philippe Starck Black,White, Red Available Subsidiary Company One Living BESPOKE INTERIORS Design Renovation Construction For enquiries please call: KH 8323 8787 Angela 8612 8787 www.oneliving.com.sg
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      Lock icon Page 7 Advertisements Column 2
      280 7 Singapore m a JA workforce WLj/\ CALL FOR PROPOSAL (CFP) The Singapore Workforce Development Agency (WDA) invites prospective providers to submit proposal for: CFP No.: WDA. CPSD.14.138.2.C.V1 Project Title: CFP for the Appointment of National Infocomm Competency Framework (NICF) Programme Partners or Continuing Education and Training (GET) Centres CFP Publication
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon High hopes for economic ties between two Silk Road cities
      425 8  -  PM Lee hails the opportunity for deeper ties between Kashgar and S’pore By JOYCE HOOI in Xinjiang, China joyceh@sph.com.sg PRIME Minister Lee Hsien Loong welcomed the opportunity for deeper ties between Kashgar and Singapore yesterday, during his meeting with Kashgar
      PHOTO: DENNIS THONG/LIANHE ZAOBAO  -  425 words
    • Article
      Lock icon Four industrial sites put up for tender
      613 8  -  By KALPANA RASHIWALA kalpana@sph.com.sg THE government has released four industrial sites for tender two in Gambas Crescent in the Sembawang/Woodlands area and two in Tuas South. These are the first four plots to be offered under the confirmed list of the sec-ond-half 2013
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    • Article
      Lock icon MediShield Life public consultation exercise in Q4: Gan
      676 8  -  By NISHA RAMCHANDANI nishar@sph.com.sg WHILE MediShield Life has received a fair bit of attention since it was mooted in the prime minister’s National Day Rally speech, it may take a while before the enhanced insurance scheme is rolled out. A public consultation
      676 words
    • Article
      Lock icon Record 21 billionaires in Singapore this year
      520 8  -  By JACQUELYN CHEOK jaccheok@sph.com.sg SINGAPORE now has a record number of 21 billionaires up from 16 last year –whose fortunes are mostly boosted by property and stock market gains. This is according to the latest Forbes Singapore rich list, a compilation of the
      520 words
    • Article
      Lock icon 12 undergrads awarded scholarships under scheme to groom local talent
      462 8  -  IE partners local firms in YTP to train youngsters for postings abroad By MALMINDERJIT SINGH msingh@sph.com.sg SINGAPORE companies looking to expand overseas may face challenges in having the right pool of talent to do so as they face competition from
      462 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Sales tax would take 14 months to implement: Malaysian official
      544 9 GST to help broaden country’s tax base and tackle widening fiscal deficit Reuters [KUALA LUMPUR] Malaysia’s goods and service tax (GST) will take 14 months to implement if announced in the budget in October, a ministry official said yesterday, as
      Reuters; PHOTO: REUTERS  -  544 words
    • Article
      Lock icon KL differs with Asean claimants on S China Sea threat
      569 9 Bloomberg [SINGAPORE] Malaysia differed with fellow South-east Asian claimants in the South China Sea on the threat posed by China, dismissing concerns about patrols off its coast. Malaysia is not worried about how often Chinese ships patrol the areas it
      Bloomberg  -  569 words
    • Article
      Lock icon Jakarta moves to label CPO a ‘green good’
      347 9 Reuters [JAKARTA] Indonesia is confident that an agreement can be reached with Asia-Pacific countries on listing crude palm oil (CPO) as an “environmental good”, a move that would cut trade tariffs and boost exports, a trade ministry official said yesterday. Palm oil
      Reuters  -  347 words
    • Article
      Lock icon Bumi: split with Bakrie is ‘best deal on table’
      602 9 But it fails to set date for vote, citing complexity of deal Reuters [LONDON] Struggling coal miner Bumi Plc said there was no alternative to a planned split with its founding Bakrie family, urging shareholders to back a deal that will
      Reuters  -  602 words
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      205 9 QUALITY. RELIABILITY REPUTATION. V///. y///. I enhancing pftoi 2013 ata N1D-***** judy Kueh 2015 DEC EXP A clear signal of credibility, reliability and quality service amongst travel professionals, the NATAS Accreditation framework is set to boost the recognition and reputation of true travel professionals nationwide. So be sure to look
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      30 9 Rearngsak (Commemorative of Sukhothai) Basoeki Abdullah (Flamboyant) Affandi (European Skiing) Lin Feng Mian (Lotus Pond) Hendra Gunawan (Self-Portrait) Chen Liu (Yellow Car, Fish, Frog) Basoeki Abdullah (Mediterranean Customs) Srihadi (Dancer)
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon China seen becoming biggest e-commerce market this year
      618 10 Consultancy points to Internet access for nearly half of 1.3b population Reuters [SHANGHAI] China’s e-com-merce market is expected to leapfrog that of the United States this year to become the world’s largest by total customer spending, management consultancy firm Bain Company says.
      Reuters; PHOTO: REUTERS  -  618 words
    • Article
      Lock icon Rupee recovers after central bank action
      481 10 Reuters [MUMBAI] The Indian rupee yesterday rebounded from a record low after the central bank’s move to provide dollars directly to oil companies provided relief to the currency, while a recovery in emerging market currencies also helped offer support. The central bank decision is
      Reuters  -  481 words
  • Page 10 Advertisements
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      153 10 Gain to a world Access of exciting ideas deals! and travel Download the sgtravellers app now! YOUR CHANCE TO BAG A FREE HOLIDAY! Download this app from the Apple App Store or Google Play NOW and you could win one of these fabulous prizes: 10 pairs of Tigerair tickets to
      153 words
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      567 10 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.
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  • ECONOMY WATCH
    • Article
      Lock icon Germany’s unemployment rises in August
      574 11 Number of jobless increases by seasonally adjusted 7,000 to 2.95m Bloomberg [FRANKFURT] German unemployment unexpectedly increased in August for the first time in three months even as Europe’s largest economy expands. The number of people out of work increased by a seasonally adjusted 7,000 to
      Bloomberg  -  574 words
    • Article
      Lock icon Tokyo seen pushing corporate tax cut
      584 11 That would counter impact of higher consumption levy Bloomberg [TOKYO] Prime Minister Shinzo Abe’s coalition partner sees corporate tax cuts as a way to counter any economic fallout from a planned increase in a sales levy aimed at shoring up the nation’s finances. “A
      Bloomberg  -  584 words
    • Article, Illustration
      Lock icon Italy seals deal to cancel property tax
      377 11 AFP [ROME] Italy’s bickering coalition clinched a deal on Wednesday to scrap an unpopular property tax, staving off the prospect of a government collapse under pressure from Silvio Berlusconi. The billionaire tycoon’s People of Freedom party had promised to cancel the tax and
      AFP; PHOTO: AFP  -  377 words
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      330 11 NextMasterSeekingThe The Straits Times and Lianhe Zaobao SingaporeHawkerMasters2013 Nominate and win up to $3,000 cash! Nominate your favourite hawker and you could be one of the lucky six to win $500 cash in a draw!a Category B Chinese Rojak Now into its fourth exciting year, Singapore Hawker Masters continues to
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  • COUNTRY FOCUS: KAZAKHSTAN
    • Article, Illustration
      Lock icon Towards a peaceful nuclear future
      1293 12  -  Kazakhstan has 15% of the world’s uranium resources. Reports byVINCENT VINCENT WEE AS Kazakhstan acknowledges the importance of the International Day Against Nuclear Tests on Aug 29, which it initiated at the United Nations, the country is moving towards the development of peaceful uses of
      BLOOMBERG FILE PHOTO  -  1,293 words
    • Article
      Lock icon Linking the world against nuclear testing
      867 12 ATOM tells the stories of survivors of nuclear testing from Semey. A YEAR ago to the day, at last year’s International Day Against Nuclear Tests, The ATOM Project was launched at a parliamentary assembly in Astana. Kazakhstan President Nursultan Nazarbayev launched the project at
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      Lock icon Development paved by Constitution
      823 13  -  Current reforms aim to, among others, strengthen cooperation between state and civil society. Reports byVINCENT VINCENT WEE WITH Kazakhstan celebrating its Constitution Day today, it is an important reminder of the central role the country’s charter plays as a base for the development of the state
      FILE PHOTO  -  823 words
    • Article
      Lock icon Using social media for anti-nuke message
      187 13 LEVERAGING on the high awareness of social media and Internet savvy in Singapore, the Kazakhstan embassy here kicked off a Facebook (FB) campaign to raise the profile of the ATOM Project. Entitled Arm-In-Arm To Disarm The World, the Facebook initiative aims to rally people
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    • Article
      Lock icon Championing the cause for a nuclear-free world
      640 13 IN LINE with the International Day Against Nuclear Tests and in working towards a nuclear-free world, a panel discussion was held last week at the Lee Kuan Yew School of Public Policy. Co-organised by the school and the Kazakhstan Embassy, the panel discussion
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      58 12 A Si O nuc B l HC mu > mm Bmm. m :< mWuh wma IMam fm'r. zOHrf &M r X **f ■y r»- < L L. \T s* 'V On 29 August, the world observed “A Minute of Silence” at 11.05am in memory of all victims of nuclear weapons
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      35 13 SEE ENERGY WHOLE NEW TP 1 LIGHT The convergence of the brightest minds at Expo 2017 in Astana will unveil the future of energy for a greener and more sustainable world. Event preview at www.expo2017astana.com/en.
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  • WORLD
    • Article, Illustration
      Lock icon Portugal exporting its way out of recession
      625 14 Rebound holds lesson for revival of other parts of Europe NYT [MOURA, Portugal] Portugal is finding that increasing exports is the way to pull its economy out of a recession. For 127 years, Herdade de Manantiz has been producing olive oil, mostly for
      NYT; PHOTO: REUTERS  -  625 words
    • Article, Illustration
      Lock icon LME facing ‘Big Bang’ after it names new CEO
      797 14 Next chief says his first moves will be evolutionary rather than revolutionary Bloomberg [LONDON] Newly appointed chief executive officer of the London Metal Exchange (LME) Garry Jones will take over as the world’s largest metals bourse contends with some of the
      Bloomberg  -  797 words
    • Article
      Lock icon Almost done deal on Swiss-US tax cases
      595 14 Banks may be fined 20-50% of value of secret US accounts NYT [NEW YORK] Switzerland and the United States are close to announcing an agreement to end their long dispute over how to punish banks that helped Americans evade taxes, Swiss banking and
      NYT  -  595 words
    • Article
      Lock icon UK’s Co-op Bank posts £709m pretax loss
      398 14 It’s hit by bad loan provisions, IT writedown, customer compensation Reuters [LONDON] Britain’s Co-operative Group took a £700 million (S$1.38 billion) hit on losses for bad loans, technology problems and customer compensation as it battles to draw a line under troubles at its
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      Lock icon Nintendo set to release cheaper portable device
      490 16 NYT [SAN FRANCISCO] Nintendo’s portable video game device, the 3DS, is selling well. But a plan to court children has the Japanese company cutting prices. Nintendo on Wednesday introduced a new portable gaming system, the Nintendo 2DS. The device will cost US$130, or
      NYT; PHOTO: AP  -  490 words
    • Article
      Lock icon US braces for Syria-linked cyber attacks
      610 16 Plans stepped up in wake of attack on NYT website, AP’s Twitter account Bloomberg [WASHINGTON] The US is planning for a possible wave of computer attacks against companies by hackers connected to Syria or Iran in retaliation for any military strike against the government
      Bloomberg  -  610 words
    • Article
      Lock icon Carrefour’s H1 operating profit up
      383 16 It reaches 766m euros as French recovery plan works Reu ters [PARIS] Carrefour, the world’s second-largest retailer, reported a 4.9 per cent rise in first-half recurring operating profit as a sharp improvement in earnings at its core French business offset weakness in Spain, Italy and
      Reuters  -  383 words
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      Lock icon GDP accelerates sharply in Q2 on surge in exports
      490 17 This bolsters case for Fed to wind down key economic stimulus programme LATEST US DATA Reuters [WASHINGTON] The US economy accelerated more quickly than expected in the second quarter thanks to a surge in exports, bolstering the case for the Federal
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    • Article
      Lock icon Swiss firms enjoying best funding advantage in credit markets
      395 17 Central bank’s cap on franc-euro rate works to their advantage Bloomberg [ZURICH] Swiss companies are recovering their competitiveness with the euro region as the central bank succeeds in capping the franc and they enjoy the biggest advantage for six months in
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    • Article
      Lock icon Vodafone in talks to sell interests in JV
      565 17 US$130b cited as price of 45% stake in Verizon Wireless WP [LONDON] Vodafone Group is in talks to sell its 45 per cent stake in Verizon Wireless to US partner Verizon Communications in what would be the biggest deal in more than
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      Lock icon Philippines steams ahead with 7.5% growth
      750 18 Strong domestic spending, investments keep prospects firm Reuters [MANILA] The Philippines matched China’s expansion in the second quarter, becoming the two fastest growing economies in Asia, as strong fundamentals, domestic spending and investments buttressed the South-east Asian nation from regional fund outflows. Its solid
      Reuters; PHOTO: REUTERS  -  750 words
  • Page 14 Advertisements
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      999 14 WATS NOTICES TENDER NOTICE The Liquidators of Citimex International (S'pore) Pte Ltd (In Liquidation) (Company Registration No. *****2647M), Citimex Marketing (S'pore) Pte Ltd (In Liquidation) (Company Registration No. *****3579N) and Timeless Gallery Pte Ltd (In Liquidation) (Company Registration No. *****2296M) (the "Companies”) invite submission of offers for the purchase of
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      551 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TALEO (SINGAPORE) PTE. LTD. (Registration No. *****3385N) (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company deemed to have been convened pursuant to Section 179(6) of the
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      94 16 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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      217 17 Traditional Charcoal Roasts Recall the nostalgic allure of charcoal-roasted delights with a myriad of new claypot rice dishes and slow-cooked Cantonese soups. For a truly sumptuous feast, try our signature whole suckling pig barbecued to perfection by our masterchefs. Available at $18 per claypot prepared and served at your table,
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      1570 18 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices MACQUARIE BANK LIMITED Head Office: 1 Martin Place, Sydney NSW 2000, Australia Singapore Branch: 10 Marina Boulevard #17-01, Marina Bay Financial Centre Tower 2, Singapore *****3 CONSOLIDATED INCOME STATEMENTS for the financial year ended 31 March 2013 2013 AUDm 2012 AUDm Interest
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      906 18 IN THE MATTER OF THE COMPANIES ACT, CAP .50 LEE HENG HUP KEE (PTE) LTD (Incorporated in the Republic of Singapore) (In Members’ Voluntary Liquidation) Company Reg. No. *****2210W At an Extraordinary General Meeting of the members of LEE HENG KUP KEE (PTE) LTD duly convened and held at 6001
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      1360 18 (UP HO BEE INVESTMENT LTD (Company Registration Number: *****2381M) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Ho Bee Investment Ltd (the “Company”) will be held at 12 Tannery Road, #10-01 HB Centre 1, Singapore *****2, on
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  • AVIATION/SHIPPING
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      Lock icon Qantas swings back into the black
      637 19 It posts A$5m net after record loss as cost cuts, alliance gains kick in AFP [SYDNEY] Australian flag carrier Qantas said yesterday it had bounced back into the black as aggressive cost-cutting and its alliance with Emirates helped slash losses at its troubled international
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      Lock icon Boeing cargo-jet sales down to four-year low as demand wanes
      1054 19 Bloomberg [CHICAGO] Boeing Co, the world’s largest maker of air freighters, is headed towards its fewest cargo-jet orders since the 2009 recession as demand wanes for the overnight shipments that once drove purchases. With 13 sales through July, Boeing’s tally
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      Lock icon Air NZ full-year profit more than doubles
      294 19 AP [WELLINGTON] Air New Zealand said yesterday its annual profit more than doubled from the previous year and it is moving ahead with plans to buy 21 new planes. The company announced net profit of NZ$182 million (S$180.5 million) on revenue of NZ$4.6
      AP  -  294 words
    • Article
      Lock icon China may allow bigger ships at some of its ports
      603 19 The plan, if approved by govt, will benefit Brazilian miner Vale Reuters [SHANGHAI] China is studying a plan to allow some of its ports to receive larger vessels, a move that may pave the way for Brazil’s Vale SA to
      Reuters  -  603 words
  • Page 19 Advertisements
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      50 19 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY CURRY UNITES North, South, East or West. Every region in India has something flavourful WHAT SINGAPORE-BASED ECONOMISTS AND BUSINESSMEN WANT FROM INDIA’S NEW RESERVE BANK GOVERNOR 1 GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      60 19 TheULTIMATE Tech Lifestyle Show NEW! Book Now *Limited Booths Available! For more information, Call 6747 4620 or Email: sales@exhibitsinc.com.sg EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX, WORLD FOOD FAIR AND CONSUMER ELECTRONICS EXHIBITIONS)
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      200 20 / 21 The art of true brilliance, for infinite enjoyment. w. I M r w Also available in 65” and 55”. »> ’roof »> Samsung Ultra High Definition 4K Future Technology, Ready Today Ultra high definition 4 times greater than Full HD, no details get lost. World-class surround sound system, no whispers
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  • EDITORIAL & OPINION
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      Lock icon Stemming the rot in US immigration system
      456 22 EDITORIAL THE spirited debate about the immigration policies in the United States holds lessons for all nations that have thrived with a steady inflow of people with new ideas and energy. US lawmakers are considering a plan for comprehensive immigration reform that would
      456 words
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      Lock icon Obama must pick next Fed chief sooner than later
      799 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group WAS this necessary? The struggle to succeed Ben Bernanke as chairman of the Federal Reserve has turned into a soap opera. Mr Bernanke, it is widely assumed, has told President Obama
      The Washington Post Writers Group  -  799 words
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      Lock icon Look to joint development, not irrational nationalism
      953 22  - Look to joint development not irrational nationalism Japan, China and South Korea have much to gain in resolving their territorial disputes By SHIHOKO GOTO The writer is programme associate for North-east Asia at the Woodrow Wilson Centre and a regular contributor to The Globalist, where this article initially appeared. The
      PHOTO: AFP  -  953 words
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      Lock icon Issue of diversity in immigration
      1086 23  -  Many countries, especially those in Europe, need to take a long-term view of their immigration policies By ALBERTO ALESINA, JOHANN HARNOSS HILLEL RAPOPORT The writers are Nathaniel Ropes Professor of Political Economy (Harvard University), a PhD student (Lille University) and Professor of Economics at the
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      Lock icon Advantage for early RMB adopters
      769 23  -  By NOEL QUINN The writer is group general manager and regional head of commercial banking, HSBC Asia Pacific IN a struggling global economy, finding a competitive edge becomes all the more important, and a new HSBC survey indicates that for companies doing business in China,
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      Lock icon Set shareholder nod for Synear delisting at 90%
      335 23 LETTER TO THE EDITOR SYNEAR Food Holdings is a company listed on the mainboard of Singapore Exchange (SGX). Synear’s majority shareholders and their concerted parties currently hold 76 per cent of all the issued share capital of the company. The key owners
      335 words
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  • PROPERTY
    • Article, Illustration
      Lock icon A feast for the eyes amid Italy’s shabby suburbs
      1009 24 Winemaker Cantina Antinori’s new HQ in Tuscany is a fine piece of architecture NYT [BARGINO, Italy] For all its beauty, Italy has suffered reckless development. Travel outside any big city, and you’ll come across ageing sprawl: unplanned wastelands of shopping malls,
      NYT; PHOTO: NYT  -  1,009 words
    • Article, Illustration
      Lock icon Westfield to up rents in West London mall to lift profit
      765 27 Co-CEO says retailers doing very well, time to up the rent to match their higher revenue Bloomberg [SYDNEY] Westfield Group, the world’s biggest shopping mall operator by assets, said it will increase rents at its West London mall for
      Bloomberg; PHOTO: AFP  -  765 words
    • Article
      Lock icon London big draw for M-E property investors
      215 27 Bloomberg [DUBAI] London was the destination for almost 50 per cent of Middle East investment in European commercial property in the first half as political stability and growth prospects attracted buyers, CBRE Group said. The Middle East accounted for 9 per cent of
      Bloomberg  -  215 words
  • Page 24 Advertisements
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      500 24 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D04 HOUSE FOR SALE SENTOSA COVE Sentosa Cove White minimalist Stunning panorama waterway Bunglw. Purity of modern interiors! Approx 10k sf! 4+1+1 ensuite! $25.8mil. Sole Agent D05 HOUSE FOR SALE JALAN MAT JAMBOL Freehold semi-d 6 rms, big garden, land 4932/ approx
      500 words
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      131 24 D20 HOUSE FOR SALE BELGRAVIA VILLAS Freehold Cluster house Ang Mo Kio semi-d with facilities, 5 bedrooms, lift, basement carpark. 8555 0855 ERA D21 HOUSE FOR SALE TOH YI Semi-D@ Toh Yi. Garden theme with pond, 4006/ 5500 sf. Min to Bt Timah/ food mkt/ sch/ shpg. FH. 8 rms/
      131 words
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      255 25 D04 APARTMENT FOR SALE CORALS KEPPEL BAY Corals at Keppel Bay. Limited 1/ 2/ 3/ 4 bdrm/ penthouse. Rare 366 units! Waterfront living. Near Sentosa Harbourfront. D04 APARTMENT FOR SALE OCEANFRONT Oceanfront wake up to the sound of oceanwaves 2045sqft 4-bdrm. Priced to sell. Nancy *****386 D04 APARTMENT FOR SALE
      255 words
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      197 25 D09 APARTMENT FOR SALE CAIRNHILL PLAZA Rarely available! Cairnhill Plaza, 2293 sqft, 3+1. Unblockedview. Nice! In the heart of Orchard!!! Hot Property! Call 9098 8888 CS Chong, DTZ D09 APARTMENT FOR SALE HIGH POINT 1) High point 2928 sqft. 3bdrm High flr. Ask $5.3M 2) The Tomlinson 2347 sf. High
      197 words
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      316 25 D10 APARTMENT FOR SALE ONE TREE HILL RESIDENCE One Tree Hill Residence. 1001 sqft. 2+1, unblocked greenery view. Orchard/ Tanglin. Rare opportunity! Call 9098 8888 CS Chong, DTZ D10 APARTMENT FOR SALE RIDGEWOOD 999 years. 1744 sqft. High floor. Superb view. Renovated. Rare to come by! View to appreciate D11
      316 words
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      169 25 D19 APARTMENT FOR SALE REGENTVILLE Below value! 3 bedrm 1151 sqft. Near Rosyth Sch. Move in cond. neg. Hurry call 9048 0660 Ong D22 APARTMENT FOR SALE HILLION RESIDENCES Integrated Hub Bt Panjang Retail shops/ LRT/ future MRT, 1 Bdrm from $677K, 2-bdrm 872 sqft. Full condo facilities Tennis Court.
      169 words
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      172 25 D15 HOUSE FOR RENT 80 MEYER ROAD Cluster bunglw. Built-in 6500 sqft. 2-sty attic basement pool. Available immed. $17.5K. Also for sale. Owner 9863 5635 9727 2996 D19 HOUSE FOR RENT BUNGALOW Beautiful Serangoon Garden Bungalow (Near US, French Australian Schools) 10 rms. Park 8 cars. Excellent amenities. Ask $12K
      172 words
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      217 26 D11 21 APARTMENT FOR RENT THE CASCADIA 2-bdrms. 883 sqft. Partial furnished. Quiet. A1 view. Full facilities. Immediate. Asking $4.2K neg. Call Corine 9650 5242 D12 APARTMENT FOR RENT TRELLIS TOWER 4+1. High flr. City view. F/ furn/ aircon. 2 yr lease. Near MRT, amenities popular schools. Immed. Call 9101
      217 words
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      Lock icon Page 26 Advertisements Column 2
      191 26 D02 OFFICE FOR SALE INTERNATIONAL PLAZA 936 sf. #27-xx F/reno, fitted, tenanted till 06/’14. $2400 psf. Serious seller. Call Anand 9656 9450 D04 SHOPHOUSE FOR SALE KAMPONG BAHRU CONSERVATION Freehold Rare! Conservation shophouse. 2500 sf. Near CBD. $4.2M. Tenanted $11K. 9336 6289 Evan D05 SHOP FOR SALE WEST COAST 24
      191 words
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      173 26 D14 FACTORY FOR SALE SIMS AVENUE Rare! F’hold. 9 sty High Yield! Great Investment! Built up approx 1119sqm, Reno, near MRT/food/ amenities. Ample carpark. No GST. 8233 9095 Jes D19 FACTORY FOR SALE PRIMAX 65% Sold! Selling fast! Primax New Industrial Road. Freehold. Ramped up, high ceiling, facilities, 40 footer.
      173 words
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      316 26 D26 FACTORY FOR SALE TAGORE LANE Brand new condition! F’hold 4 storey, B1 fty, Land 7600/ Built in 15,000 sf up with ceiling hgt. Nice corporate image, good rental yield. JL 9627 7969 D27 FACTORY FOR SALE NEW PROJECT LAUNCH Yishun. From $2xx psf only! Ramp up. 20/40 ft access.
      316 words
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      Lock icon Page 26 Advertisements Column 5
      289 26 FOREIGN PROPERTY FOR SALE CASA TEBRAU IN MALAYSIA Why Pay More? Casa Tebrau Condo Taman Daya. 1981 sf. 3+1 rms 10 mins Coastal Highway. 10 mins Jusco Tebrau RM350psf Cheapest in JB *****927 FOREIGN PROPERTY FOR SALE ISKANDAR IN MALAYSIA From $RM300K up. Last call to own the svc apt
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      213 27 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements BEATS bK The Game is Changing International Property Opportunities Await! s ■< FBTi I r 1 n r :.s n B i UK Student Accommodation f V emTumkUI 1^ Iskandar Malaysia Ej IMS M|| 1 t v fc as T Ofi >
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  • Article
    Lock icon SHIPPING TIMES
    2336 28 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 THE
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      73 28 Legal services required by shippers owners Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 M the business times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? Shippers looking for Warehouse
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      18 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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      1906 29 mporters ooking for Warehouse Can they find your services here in the Shipping Times? ii TO ADVERTISE, CALL JOE WONG AT *****327 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times 12 The Business Times, Thursday, July 18, 2013 Calling for
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3219 30 Transaction date: Aug 29 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 Company Last Sale 84 59 ABR Hldgs 73xd unch 10 73 73 73 76 1.2 42.5 1.9 146.7 Vol Day
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      Lock icon SGX CATALIST
      226 31 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil +1.5
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    • Article
      Lock icon UNIT TRUST & FUNDS
      11031 31 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 0 9884/ Global Emerging Markets!** 1 8128/ China Opportunities 2 7835/ EM
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      Lock icon GLOBALQUOTE
      262 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 27 AVJennings A54.5 +1.5 42 56 54.5 54.5 57 3.6 6.4 4.4 201.8 52 31 Genting HK US$ US40.5 +0.5 ***** 41 39.5 40 40.5 2666.7
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    • Article
      Lock icon SGX ETF
      917 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Last 143 120.4 CIMB APAC Div 100S$D 129.1 128.6 129.5 114.4 99 CIMB APAC Div 100US$ US104.5 101.1 102 11
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      597 32 Aug 29 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.95 *****.14 *****.82 Sep13 *****.00 *****.00 *****.00 *****.00 ***** *****7 Dec13 *****.00 *****.00 *****.00 *****.00 41 ***** MSCI TAIWAN INDEX FUTURES SPOT 276.66 280.08 276.66 Aug13 276.00 280.40 274.90 279.46 *****5 ***** Sep13 274.90
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 32 In local curr In S$ In US$ dy yr dy yr dy yr Aug 28 Index Change Change Change Change Change Change World Preliminary 1061.2 -0.1 13.1 -0.6 15.8 -0.2 10.7 EAFE Preliminary 867.1 -0.8 11.9 -1.5 11.9 -1.1 6.9 Europe Preliminary 1244.1 -0.5 8.4
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 32 Aug 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.940 5.478 0.675 6.941 60.569 97.913 0.878 9.938 2.971 1.148 93.295 40.056 1.144 9.247 0.831 26.832 28.828 0.577 0.895 Canada 1.064 5.828
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    • Article
      Lock icon SIBOR
      53 32 Aug 29 (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$) 1 mth 1 mth 2 mths 0.***** 3 mths 9 mths 6 mths 12 mths 9 mths
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      Lock icon GOVERNMENT SECURITIES
      90 32 Aug 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.25 6-Month BS*****A 21-Feb-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100 5-Year N*****0T 0.5 01-Apr-18 97.42
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    • Article
      Lock icon PRECIOUS METALS
      135 32 Aug 29 GOLD(US$/oz) Aug 29 Aug 28 Hong Kong 1414.00 1433.00 Aug 28 Aug 27 London 1417.15 1417.39 1417.94 1418.61 Source: Thomson Reuters CAST BAR Aug 29 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130 58 5gm 370 289 10gm 661 579
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    • Article
      Lock icon PALM OIL
      57 32 Aug 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2462.0 2489.0 2463.0 2420.0 139 1978 Oct 13 2470.0 2490.0 2475.0 2416.0 4286 ***** Nov 13 2461.0 2481.0 2470.0 2406.0 ***** ***** Dec 13 2461.0 2478.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 32 Aug 29 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1438 1.1449 0.8949 0.8951 Canadian dollar 1.2168 1.2183 0.9525 0.9520 Euro 1.6944 1.6961 1.3257 1.3260 NZ dollar 0.9959 0.9972 0.7792 0.7796 Sterling pound 1.9822 1.9843 1.5509
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 32 As at 9am Aug 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.171 1.116 Can dollar 1.240 1.193 Euro 1.744 1.661 Sterling pound 2.021 1.944 NZ dollar 1.023 0.984 US dollar 1.305 1.243 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      154 32 Aug 29 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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
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    • Article
      Lock icon CHICAGO BOT
      109 32 Aug 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 13 1433.00 1414.00 1435.00 1408.50 Nov 13 1372.75 1370.50 1387.75 1362.25 Jan 14 1368.50 1365.50 1382.75 1357.50 Mar 14 1346.00 1335.75 1356.50 1333.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 13
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    • Article
      Lock icon LIFFE
      95 32 Aug 28 COCOA (£/tonne) Close Prev High Low Sep 13 1654 1629 1659 1629 Dec 13 1655 1628 1660 1629 Mar 14 1637 1612 1642 1613 May 14 1639 1612 1643 1614 COFFEE(US$/tonne) Close Prev High Low Sep 13 1734 1751 1758 1719 Nov 13 1765 1772 1781 1753
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1148 32 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 0.0 5 -42 59 Asia-Pacific Strategic W*****6 0.1 1 123 1331 86.00 9 Ratio Albedo Limited W*****9 4.4 0.3 ***** AlliedTech W*****2 Prem Ascendas REIT.ES.1309 Ascendas Reit
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 32 CRUDE OIL PRODUCTS Aug 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 115.43 1.31 WTI (Near Mth) 109.73 0.76 Dubai (1-Mth F) 110.56 3.23 Tapis blend 123.23 4.41 Minas 114.83 4.11 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.39 3.28 Jet Kerosene 128.73 3.98 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      23 32 Aug 29 S$ S$ Bid Offer 1-month 1.2781 1.2791 2-months 1.2780 1.2790 3-months 1.2780 1.2790 6-months 1.2776 1.2786 Source: OCBC
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      Lock icon LONDON METALS
      66 32 Aug-28 Aug-28 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1815.25 1837.50 3 months 1864.50 1886.50 Copper, Grade A(US$/tonne) Cash 7264.50 7287.00 3 months 7290.00 7315.00 Lead(US$/tonne) Cash 2208.50 2213.75 3 months 2212.50 2224.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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  • executive lifestyle
    • Article, Illustration
      Lock icon Concert scene comes of age
      1216 33  -  The ‘live’ music industry in Singapore is heating up and maturing with more new festivals in the pipeline, reportsDYLAN DYLAN TAN dylantan@sph.com.sg AS the old saying goes, the more the merrier and concert-goers have never had it so good as the music scene in Singapore
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    • Article
      Lock icon Upcoming festivals in Singapore and the region
      272 33  -  By DYLAN TAN 1 World Music Festival www.1worldmusicfestival.com Sept 20-21, 2013 Marina Barrage What it is: Hip-hop, R&B dance-oriented festival that’s held during the Formula One weekend with ultra-exclusive VIP premium services where attendees can get table service and rub shoulders with the
      272 words
    • CINEMA/MUSIC
      • Article, Illustration
        Lock icon Straight from the heart(land)
        612 34  -  Anthony Chen’s award-winning Ilo Ilo more than lives up to its hype, writesDYLAN DYLAN TAN dylantan@sph.com.sg THERE’S always the danger of hype turning into disappointment but thankfully it doesn’t happen with Anthony Chen’s award-winning Ilo Ilo. The film’s Cannes victory marked a milestone for Singapore cinema
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      • Article, Illustration
        Lock icon Lustrous old gold in metal and R&B
        498 34  -  By DYLAN TAN dylantan@sph.com.sg HOME to the annual air show, the Changi Exhibition Centre is no stranger to loud noises. It was thus rather apt for it to play host to heavy metal legend Metallica last Saturday. The venue was converted into a
        498 words
      • Article, Illustration
        Lock icon Preachy kiddy fare with great CGI
        425 34  -  By RACHEL LOI rachloi@sph.com.sg GIVEN the nature of sequels, it’s no surprise that the latest instalment of Percy Jackson, titled Sea of Monsters, fails to live up to the promise of the first film. The story of a teenage hero, complete with daddy issues,
        425 words
    • WINE/ARTS
      • Article, Illustration
        Lock icon From the Old World to the New
        1136 35  -  A red with ripe fruit and a long finish will hold its own against spicy Thai cuisine, writes NK YONG LOOKING for something red to drink with Thai cuisine a few evenings ago in Bangkok, I thought I would try Bordeaux for a
        PHOTOS: NK YONG  -  1,136 words
      • Around Town
        • Article, Illustration
          Lock icon Festival
          135 35 Singapore Night Festival: Round two of the Singapore Night Festival continues this weekend with a whole bunch of new acts and programmes added to the line-up. Stop by the festival main ground for a cross-media installation with dancers in a synthetic forest titled 5 Streams (right), or watch female
          135 words
        • Article
          Lock icon Film
          144 35 The 6th Singapore Indie Doc Fest: Catch a range of independent documentaries that you would probably never see on television at The Substation next weekend during the 6th Singapore Indie Doc Fest. The festival will open on Thursday with The Great North Korean Picture Show a 94-minute documentary feature
          144 words
        • Article
          Lock icon Concert
          132 35  -  Compiled by RACHEL LOI rachloi@sph.com.sg Pitbull: Global Warming Tour: See American rapper Pitbull perform at the Singapore Expo tomorrow as part of the singer’s Global Warming Tour which is named after his latest album. Global Warming was released in November last year, and peaked at #14 on the US
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    • ARTS
      • Article, Illustration
        Lock icon A uniquely S’pore quest for happiness
        551 36  -  Following a Gallup report that S’poreans are least positive, a play takes a stab at the issues. HELMI YUSOF reports HELMI YUSOF helmi@sph.com.sg ARE you happy? No, really, are you happy? That’s the question a new play by TheatreWorks is trying to get to
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      • Article
        Lock icon Different displays of delight
        183 36  -  By HELMIYUSOF IF you’re going to Gardens by the Bay next Saturday evening, don’t be surprised to meet strangers asking you: “Are you happy?” Of course, it’s up to you how you wish to respond, but there’s a good chance that these strangers there will be
        183 words
      • Article, Illustration
        Lock icon Born to play Violetta in Verdi’s La Traviata
        422 36  -  By helmi@sph.com.sg HELMI YUSOF helmi@sph.com.sg SOPRANO Nancy Yuen remembers the moment when she unintentionally broke down on stage while performing the role of Violetta in Verdi’s La Traviata. “It was on the opening night of the 2008 production, during Act 2 when
        422 words
      • Article, Illustration
        Lock icon Masterful performances
        374 36  -  By uihoon@sph.com.sg CHEAH UI-HOON uihoon@sph.com.sg TIGHT. And together. Such were the adjectives that came to mind at the Singapore Dance Theatre’s (SDT) triple-bill performance, Masterpiece in Motion, last weekend. The physical fluidity the way they arched their arms, tilted their heads a certain way or executed a sharp
        374 words
      • Article, Illustration
        Lock icon The past always catches up
        396 36  -  By HELMI YUSOF By helmi@sph.com.sg IN the new and compelling play by The Necessary Stage, Mobile 2: Flat Cities, there is a scene where a Japanese teenager (Akihiro Hashimoto) studying in the US is taunted by his American classmates about the atrocities committed by the
        PHOTO: JOHN HENG  -  396 words
    • MUSIC
      • Article, Illustration
        Lock icon Quality is the key to his longevity
        608 37  -  Evergreen singer Tony Bennett tells DYLAN TAN that he has always sought to create a ‘hit catalogue’ and not just ‘hit songs’ DYLAN TAN dylantan@sph.com.sg TONY Bennett might have sung about leaving his heart in San Francisco but it could well be in
        608 words
      • Article, Illustration
        Lock icon Universal appeal
        385 37  -  By rachloi@sph.com.sg RACHEL LOI rachloi@sph.com.sg FOR local composer Toh Tze Chin, the best thing about leading his own fusion orchestra, In The Looking Glass, is the freedom to play music that appeals to everybody. “We tell (our) jazz musicians (friends) it’s a jazz concert, we tell the classical
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  • Page 37 Miscellaneous
    • Miscellaneous
      Lock icon Page 37 Miscellaneous Column 1
      332 37 CRYPTIC CROSSWORD Across 1 Furry creature, one engaged in permanent frisking (4,6) 6 Toboggan you need to pull with energy (4) 8 Closet is turned out for date in June, perhaps (8) 9 Woman in touring car gets the bird (6) 10 Ruined rugby side’s first point (8) 11 One
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      794 38 A SPECIAL FEATURE BROUGHT TO YOU BY BMW 7 Series Privileges Programme Plus bmw7ppp.com Sheer Driving Pleasure LIKE YOU, WE DO NOT IMITATE EXCELLENCE. WE INSPIRE IT The BMW 7 Series is not just a car that leads with its commanding stature, uncompromising performance, and luxurious comfort. It is the
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