The Business Times, 25 June 2014

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Microfilm: NL33152
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, June 25, 2014
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  • Article
    Lock icon Framework for systemically important banks planned
    767 1  -  Foreign banks with big retail presence here may have to incorporate local unit By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT [SINGAPORE] Singapore is creating a framework that will identify and regulate certain banks here as “domestic systemically important banks”, taking a leaf from global regulators who
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,262.03 (+4.63) GST INDEX FUTURES 3,262.00 (+5.00) GSIMSCI 371.14 (+0.68) GSIMSCI FUTURES 371.20 (+1.20) US$ S$ US$ (S$ per US$) 1.249 (US$/S$ per 1.703 2.126 EURO (US$/S$/€ 1.360 1.699 Foreign currency per US$ S$ YEN 102.00 81.60 RM 3.217 2.575 HK$ 7.752 6.207 BAHT 32.46 25.99 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Tuesday Change KL COMP 1,892.33 +8.37 NIKKEI 225 15,376.24 +6.96 HANG SENG 22,880.64 +75.83 SET INDEX 1,460.92 -7.78 JAKARTA COMP 4,862.24 +20.11 MANILA COMP 6,793.07 +31.08 SEOUL COMP 1,994.35 +19.43 SHENZHEN B 823.49 +0.12 MUMBAI IND 25,368.90 +337.58 12 noon EDT Change DOW 16,957.74 +20.48 NASDAQ 4,398.30 +29.63
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE 5.35 MALAYSIA 6.55 INDONESIA 5.00 INDONESIA 15.255 KOREA 5.036 JAPAN 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon Japan PM unveils his enhanced growth strategy
    743 1  -  BY ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Shinzo Abe yesterday announced an “upgrading” of his New Growth Strategy, and pledged anew to deregulate and revive the world’s third-largest economy through bold economic reforms. “There will be no taboos and no sacred areas.
    PHOTO: BLOOMBERG  -  743 words
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      366 1 PHONE-HACKING TRIAL Rebekah Brooks cleared, Andy Coulson convicted PAGE 17 COMPANIES M&A a really big deal in Q2 PAGE 5 PROPERTY Roxy sells nearly 30 units at Trilive PAGE 10 STRAIT TALK Making sure seafarers are given a fair deal PAGE 20 8''8 ***** "*****4 i m n With your
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      8 1 Neymar Brazil’s new poster boy WORLD CUPIPAGE 4
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  • TOP STORIES
    • Article, Illustration
      Lock icon US welcomes rise in Singapore investments
      589 2  -  They have risen to US$26.2b in 2012 from just US$2.2b in 2003 By LEE U-WEN in Washington, DC leeuwen@sph.com.sg @LeeUwenBT ONE of the top economic officials in the Obama administration has said that Washington welcomes Singapore’s increased investments in the United States, which have
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    • Article
      Lock icon New home sales in May up at 6-year high
      372 2 LATEST US DATA Reuters [WASHINGTON] Sales of new US single-family homes jumped to a six-year high in May, the latest indication that the housing market was starting to dig out of a recent soft patch. The Commerce Department yesterday said that
      Reuters  -  372 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      316 2 MAS framework for important banks SINGAPORE is creating a framework that will label certain banks here as “domestic systemically important banks”, taking a leaf from global regulators who have turned a keen focus on large banks with complex operations. FRONT PAGE Abe unveils enhanced growth strategy JAPANESE Prime
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    • Article
      Lock icon RBS to focus on Asia-UK trade finance
      500 4  -  UK bank will offer expertise in specialist areas after major overhaul B)’ JAMIE LEE |eejamie@sph.com.sg @JamieLeeBT [SINGAPORE] The UK’s largest bank, the Royal Bank of Scotland (RBS), expects to keep a clear focus on trade finance in this region by linking clients between
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    • Article, Illustration
      Lock icon Is Malaysia’s Iskandar losing its shine?
      595 4  -  Projects by China’s real estate giants raise doubts COMMENTARY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent RED speckles of danger have surfaced in Malaysia’s hot zone Iskandar on the back of frenzied building by gungho developers from China, stirring some agitation over the sustainability of
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    • Article, Illustration
      Lock icon Neymar answers critics in style
      614 4  -  He leads tournament’s top-scorer list and is red-hot favourite to claim the Golden Boot award COMMENTARY LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT Correspondent HE’S only 22 years of age and already this skinny, shag-gy-haired Brazilian is making the World Cup his personal playground. All the talk before
      PHOTO: AFP  -  614 words
    • Article, Illustration
      Lock icon The BT-Coca-Cola World Cup Charity Drive
      592 4 JUNE 26 Nigeria vs Argentina(12mn) Ooi Huey Tyng Country Manager, Visa International After their brilliant 1 -0 win against Bosnia, Nigeria will be looking to keep up their momentum against one of the tournament’s favourites, Argentina. This is Nigeria’s toughest match in the group
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      135 2 ATTENTION PROPERTY DEVELOPERS INVESTORS DO NOT MISS OUT! EXPO FOR PROPERTY INVESTING CROWDFUNDING Connecting markets, Realising possibilities 18 19 JULY 2014 DBS AUDITORIUM, MARINA BAY FINANCIAL CENTRE 15; 1: -i r\ m Dennis Wee (R*****3E) Chairman Dennis Wee Group Visit www.CoAssets.com/EPIC for more information or call +65 *****008 now! Platinum
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      116 3 PHOTOGRAPHED BY KRISTIAN SCHULLER .1 •=L e jS 1 m m i n f\k y em m EXTRAORDINARY PERFORMANCE Handmade in England by a single craftsman using only the finest materials, including a screen of virtually scratchproof sapphire crystal protecting a full HD display. Acoustics perfectly tuned in collaboration with
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon M&A a really big deal in Q2
      524 5  -  Net debt value of deals announced more than doubles to US$25.6b y-o-y By KENNETH LIM kenlim@sph.com.sg @KennethLimBT STRATEGIC deal-making activity involving Singapore companies hit record highs in the second quarter by at least one measure amid cheap financing and regional integration. The net
      Source: Thomas Reuters  -  524 words
    • Article
      Lock icon Longcheer selling Mobell Technology for 240m yuan
      216 5  -  By TEH SHI NING tshining@sph.com.sg @TehShiNingBT LONGCHEER Holdings is selling its wholly owned subsidiary Mobell Technology for 240 million yuan (about S$48 million) to a company controlled by Longcheer’s executive directors. Part of the net proceeds of the sale, estimated at 237.3 million
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    • Article, Illustration
      Lock icon LionGold unveils fresh share subscription deal
      391 5  -  It ties up with M’sian businessman as earlier bid fails By TEH SHI NING tshining@sph.com.sg @TehShiNingBT LIONGOLD Corp’s bid to raise $5 million from a proposed share subscription evaporated yesterday as the remaining four wouldbe subscribers backed out of the deal. But the junior
      FILE PHOTO  -  391 words
  • Page 5 Advertisements
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      162 5 Unmask deeper global business truths by going beyond the facades of understanding 32 years of partnership between East and West STANFORD–NUS EXECUTIVE PROGRAM IN INTERNATIONAL MANAGEMENT 16 30 Aug 2014 Immerse in the vibrant cultures of two of the world’s most respected academic institutions. The Stanford–NUS Executive Program, held in
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      201 5 dth-R AUG W th MBS EXPO AND aug CONVENTION CENTRE CROWDFUNDING ASIA 2014 3 JOIN US AT THE GROUNDBREAKING CROWDFUNDING ASIA SUMMIT 2014 Internationally renowned speakers will be sharing their wisdom on how to leverage on Crowdfunding to start your own business, realise your vision and live your dream. Sponsors
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Pennies back in play as blue chips drift
      671 6  -  Turnover totalled just 1.6b units worth $697m, with an average of 44 cents per share STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent LOW volume and low volatility have been the hallmarks of daily trading here for at least six months the Straits
      Source: Bloomberg  -  671 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jun 24 VALUE CLOSE BT OB/OS -227.00 +92.00 BT CADI -*****.00 +64.00 BT 10-day MA -*****.00 -23.00 FTSE ST Mid Cap 771.76 +0.77 FTSE ST Small Cap 559.06 +1.38 FTSE ST All Share 796.50 +1.13 FTSE ST China Top 198.77 +0.50 FTSE ST China 224.74 -0.41 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME InnoPac 116,491,000 Adventus 88,042,000 Transcu Grp 76,591,000 Vallianz 69,969,000 APAC Strategic 61,203,000 Artivision Tech 58,444,000 China Gaoxian 55,307,000 Teledata 49,789,000 Sunningdale Tech 45,339,000 KLW Hldgs 35,566,000 VALUE($) DBS Grp 52,365,740 SingTel 45,515,225 Global Logistic 24,694,430 Keppel Corp 22,722,737 UOB 21,372,140 United Envtech 20,901,510 HongkongLand USD 19,301,610
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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 4 5 4 0 0 0 4 5 4 Manufacturing 57 42 32 16 5 4 73 47 36 Commerce 23 17 23 7 3 3 30 20 26 Tpt/Stor/Comms 14 12 17
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      901 6  -  Compiled by TEH SHI NING Frasers Centrepoint Trust June 24 close: $1.865 DBS Group Research, Equity, June 24 EARLIER this month, Frasers Centrepoint Trust (FCT) announced it had issued 88 million shares at S$1.835 a share (S$161.5 million in total) in a private placement to partially fund its
      Source: Bloomberg  -  901 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,293 14,293 40,234 40,234 Manufacturing 298,840 128,862 427,702 80,017 15,658 95,675 Commerce 69,144 194,119 263,263 55,901 16,544 72,445 Tpt/Stor/Comms 58,521 1,923 60,444 107,362 251 107,613 Finance 127,748 2,447 130,195 96,095 754 96,849 Construction 20,229 22,788
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      121 6 Stock name Close Change Ascendas Reit 2.270 -0.020 CapitaLand 3.220 -0.010 CapitaMall Trust 1.970 +0.005 CityDev 10.350 +0.110 ComfortDelGro 2.500 +0.070 DBS Grp 16.850 -0.040 Genting Sing 1.330 Global Logistic 2.660 -0.010 Golden Agri-Res 0.565 +0.005 HPH Trust USD 0.715 -0.005 HongkongLand USD 6.580 -0.070 JMH
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    • Article, Illustration
      Lock icon Sterling pounded after BOE chief’s remarks
      531 6 CURRENCIES Reuters [LONDON] The British pound fell yesterday, on track for its biggest daily decline in two weeks against the US dollar, after Bank of England (BOE) chief Mark Carney did little to bolster interest rate hike expectations. The currency fell around a third
      Reuters; PHOTO: BLOOMBERG  -  531 words
    • Article
      Lock icon RISES
      119 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 257.2 1.6 DBXT iBoxxSvEu 5US$ ***** 191.0 0.5 GLD 10US$ ***** 98.6 0.6 DBXT MSKorea 10US$ 6454 83.7 1.0 DBXT USDIGInfl 5US$ ***** 64.9 0.2 DBXT EONIA 5US$ ***** 56.2 0.2 DBXT AUD Bonds 5AU$ ***** 48.3 0.2 DBXT iBoxxUSTr 5US$
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    • Article
      Lock icon FALLS
      128 6 BY CENTS CLOSE DOWN DBXT AUDCS 5SG$ ***** -104.0 -0.4 Lyxor ThaiSET 10US$ ***** -103.6 -0.6 DBXT AUDCS 5US$ ***** -84.9 -0.3 DBXT FTChina25 10US$ 2927 -83.7 -2.2 DBXT MSEurope 10US$ 6356 -52.4 -0.7 SPDRS S&P 500 10US$ ***** -38.7 -0.2 SPDR DJIA 10US$ ***** -35.0 -0.2 DBXT DBLCI-OY
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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    • Article, Illustration
      Lock icon Brookstone sale plan gets court nod
      510 8 Chinese buyers to pay US$174m, which will be used to pay creditors Bloomberg [WILMINGTON] Brookstone Inc, the luxury-gadg-et retailer, won bankruptcy court approval of its plan to sell the chain to a group of Chinese buyers for about US$174 million which will be used
      Bloomberg; PHOTO: BLOOMBERG  -  510 words
    • Article, Illustration
      Lock icon StanChart appoints new CEO for Indonesia
      275 8  -  By SHEENA TAN tsheena@sph.com.sg STANDARD Chartered has appointed Shee Tse Koon as its chief executive officer for Indonesia, replacing Tom Aker, who is retiring after 20 years. Mr Shee, a Singaporean aged 44, took charge yesterday. He was previously head of governance for the
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    • COMPANY BRIEFS
      • Article
        Lock icon Armarda’s auditor raises concern
        68 8 ARMARDA Group’s independent auditor, Crowe Horwath First Trust LLP, has flagged the group’s larger net loss of $88.25 million and negative operating cash flows of $70.04 million for the year ended March 31, 2014, in an emphasis of matter. Armarda’s directors said that with its existing
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      • Article
        Lock icon Oxley’s Sepang tie-up falls through
        57 8 OXLEY Holdings’ tie-up with Sepang Goldcoast and Sepang Bay to develop two parcels of land in Selangor, Malaysia has fallen through. The company said yesterday that the memorandum of understanding (MOU) signed between its wholly owned unit Oxley Treasure and the two Malaysian companies in
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      • Article
        Lock icon Polaris in talks to acquire company
        46 8 POLARIS, a mobile phone and consumer electronics distributor and retailer, is in talks to acquire shares in a South-east Asian company with a similar business model. It is also in discussions relating to fund-raising options to finance the potential acquisition.
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      • Article
        Lock icon Yanlord gets US$385m syndication loan
        76 8 YANLORD Land Group has secured a three-year US$385 million syndication loan from Hang Seng Bank, HSBC, Standard Chartered Bank (Hong Kong) and DBS Bank. This comprises a US$242 million equivalent dual-tranche term loan facility and a US$143 million equivalent dual-tranche revolving credit facility. The loan
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    • Article, Illustration
      Lock icon CME: Confidence needed in gold, silver fixes
      686 9  -  Greater participation and transparency will restore credence in the benchmark By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT THE new solutions to the gold and silver fixes must provide confidence, which can be done through greater participation and transparency, said Chicago Mercantile Exchange (CME), the largest
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    • Article
      Lock icon ICP unit to acquire Travelodge trade mark in Asia for A$3m
      214 9  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT ICP’s wholly owned subsidiary, ICP (IP), has entered into a sale of trade marks agreement with budget hotel group Travelodge to acquire the registered trade mark rights to the hotel brand name Travelodge in
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    • Article
      Lock icon HKEx open to idea of specialised listing boards to stay competitive
      229 9  -  By JOLIE HO EJ Insight [HONG KONG] The operator of Hong Kong’s stock exchange is open to the idea of setting up specialised listing boards, including one that would accommodate Alibaba’s shareholder structure, Hong Kong Exchanges and Clearing Ltd
      EJ Insight  -  229 words
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      4368 7 SATS Ltd. (Incorporated in the Republic of Singapore) Company Registration No. *****1770G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 41 st Annual General Meeting of SATS Ltd. (the “Company”) will be held at the Marina Mandarin Ballroom, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina
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      2599 8 SIA ERGinEERinG com PAD Y SIA ENGINEERING COMPANY LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1025C NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 32nd Annual General Meeting of SIA Engineering Company Limited (“the Company") will be held at Marina Mandarin Ballroom, Level 1,
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      2251 9 sia EnainEERiriG CO ID PAD Y SIA ENGINEERING COMPANY LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1025C NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that an Extraordinary General Meeting of SIA Engineering Company Limited (the “Company") will be held at Marina Mandarin Ballroom, Level 1,
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Fourth Gambas site, two Tuas South plots for sale
      504 10  -  Consultants split whether Far East will bid again for Gambas site REAL ESTATE By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT ANOTHER Gambas Crescent industrial parcel has been launched for sale the fourth in the area to be offered in the span of a
      Source: URA  -  504 words
    • Article
      Lock icon Customising car insurance with AXA’s SmartDrive
      220 10  -  By LESTER WONG lesterw@sph.com.sg MOTORISTS who buy coverage from AXA Insurance can now choose the benefits they want, with the launch of AXA’s SmartDrive. The customisable product offers customers seven plans to choose from, with the attendant benefits provided by each plan varying according
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    • Article, Illustration
      Lock icon UOB gives prime space for art shows
      300 10  -  By ARTHUR LEE arthurl@sph.com.sg UOB is making some 100 square metres of newly renovated prime space in the lobby of its Plaza One tower available free of charge for UOB Painting of the Year alumni to exhibit their latest artworks. This will give
      PHOTO: ARTHUR LEE  -  300 words
    • Article, Illustration
      Lock icon Trilive condo in Kovan off to slow start
      506 10  -  Of 80 units released at 222-unit project, 30 sold since Friday By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT ROXY-PACIFIC Holdings has had a slow start to its Trilive condo project in the Kovan area, moving close to 30 units since sales began last Friday.
      FILE PHOTO  -  506 words
    • Article
      Lock icon NTUC FairPrice and foundation sponsor $5m for SEA Games
      336 10  -  By RAPHAEL LIM raphlim@sph.com.sg THE 28th SEA Games, to be held here next year, has secured its first “Tier One” sponsor in NTUC FairPrice and the FairPrice Foundation, which will contribute $5 million. The sponsorship comprises $2 million in cash from
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon Gerard Ee joins SAC board
        122 10 THE Minister for Finance has appointed Gerard Ee, president of the Institute of Singapore Chartered Accountants, as a member of the Singapore Accountancy Commission (SAC) board. The former chairman of the Public Transport Council will serve from June 20, 2014 to March 31, 2015. Established
        122 words
      • Article
        Lock icon Offenders learn F&B skills in Hope Cafe
        116 10 THREE local organisations have come together to set up Hope Cafe, a training kitchen and restaurant where offenders can learn how to work in and operate a food beverage outlet. The cafe, located inside the Changi Prison Complex, was set up by the
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  • Page 10 Advertisements
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      72 10 STEM CELL MEDICAL TOURISM OUTSTANDING OPPORTUNITY IN STEM CELL THERAPY US Branded We are looking for a sophisticated investor who can recognize a billion dollar opportunity when they see one. This is a JV opportunity or funding. We have the world's best practice therapy, and a world renowned doctor. Operational
      72 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      34 10 ti-h'] $1.6 MILLION Estimated Draw on Thu, 26 Jun 2014 at 6.30pm For details, visit www.singaporepools.com.sg P L A V& Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G m
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Widodo vows shake-up of police, judiciary
      791 11  -  Presidency rival Subianto proposes tripling spending on infrastructure By JEFFREY HUTTON in Jakarta JAKARTA Governor Joko Widodo, known better as Jokowi, is promising a shake-up of the country’s police and judiciary to restore rule of law if he and his running mate Jusuf Kalla
      PHOTO: AFP  -  791 words
    • Article
      Lock icon MAHB shares dip despite court ruling in favour of company
      371 11  -  BY S JAYASANKARAN in Kuala Lumpur SHARES of airport management operator Malaysia Airports Holdings Berhad (MAHB) surprisingly declined 0.4 per cent yesterday to RM7.90 apiece, despite it having won a potentially profitable arbitration award against the government of the Maldives
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    • Article
      Lock icon GDF Suez announces gas project in Indonesia
      279 11 AFP [PARIS] French energy group GDF Suez has signed a draft agreement to develop a gas processing plant in northern Java as part of a long-term strategic partnership, the firm said. The on-shore methane terminal will convert liquefied natural gas back into gas,
      AFP  -  279 words
  • Page 11 Advertisements
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      2471 11 ptens 1 Global harmonyinmotion PTERIS GLOBAL LIMITED (Company Registration No. *****0230M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Pteris Global Limited (the “Company”) will be held at 28 Quality Road, Singapore *****8 on 23 July 2014 at 3.00 p.m. for the purpose
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon PBOC official urges Beijing to join TPP
      535 12 Being in the pact would raise China’s GDP by about two percentage points Bloomberg [BEIJING] China would add about two percentage points to annual economic growth by joining the Trans-Pacific Partnership (TPP) in the view of the central bank’s chief research economist. The
      Bloomberg; PHOTO: BLOOMBERG  -  535 words
    • Article, Illustration
      Lock icon Switzerland denies having a list of Indian tax evaders
      296 12 Bloom berg [NEW DELHI] Switzerland said it has no list of suspected Indian tax evaders and doesn’t plan to prepare one, after India’s Finance Minister Arun Jaitley said he’d ask the European nation for details on bank accounts held by Indians.
      Bloomberg; PHOTO: AFP  -  296 words
    • Article
      Lock icon Canada’s largest pension fund to invest in Indian infrastructure
      391 12 Bloomberg [TORONTO] Canada’s biggest pension fund is investing in Indian infrastructure assets after Prime Minister Narendra Modi vowed to build 100 new cities and revive growth in the US$1.8 trillion economy. Canada Pension Plan Investment Board said yesterday that it will
      Bloomberg  -  391 words
    • Article
      Lock icon FTSE to add A-shares to benchmarks in 3-5 years
      713 12  -  Move follows Stoxx’s inclusion of H-shares in its China indices By AYISHAH MA EJ Insight [HONG KONG] FTSE Group expects to include China’s A-shares in its global benchmarks in the next three to five years as the country opens up its
      EJ Insight  -  713 words
  • Page 12 Advertisements
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      243 12 a.. v>;:Wv^ Wine, Dines <l^.» ■4* 'm c I y i y.v 1 •i 7 J K I NGYO ENJOY THE ART OF DINING Kingyo Japanese Art Dining Celebrates its newly-opened Projection Art Filming Japanese Restaurant at Clarke Quay Seeking a unique gastronomic experience? Indulge your senses at Kingyo, the
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  • WORLD
    • Article
      Lock icon ‘Fragile 5’ currencies back on sell lists over Iraq link
      619 13 Bankers say EM assets may be undermined by oil situation Bloomberg [NEW YORK] After months spent working to erase their image as emerging markets to avoid, the Iraq crisis and its influence on oil prices are putting the fragile five
      Bloomberg  -  619 words
    • Article, Illustration
      Lock icon Australian billionaire ends Woolworths standoff
      589 13 Re uters [SYDNEY] Australian billionaire Solomon Lew effectively ended a 17-year standoff with South Africa’s Woolworths Holdings yesterday with a deal that will have the department store firm buy him out of two investments at a massive profit. With a A$200 million (S$234.6 million) gamble,
      Reuters; PHOTO: BLOOMBERG  -  589 words
    • Article
      Lock icon PICTET
      271 13 Pictet-Absl Rtn Fxd Inc-HP EUR 18/06/2014 EUR 103,11 Pictet-Absl Rtn Glo Div-P EUR 18/06/2014 EUR 117,48 Pictet-Asian Equities Ex Japan-P USD 19/06/2014 USD 189,18 Pictet-Asian Local Currency Debt-P USD 19/06/2014 USD 147,74 Pictet-Biotech-P USD 18/06/2014 USD 579,27 Pictet-Clean Energy-P USD 18/06/2014 USD 91,39 Pictet-Digital Communication-P USD 18/06/2014 USD 207,06
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    • Article
      Lock icon Yahoo elevates smartphone presence with Aviate app
      491 13 AFP [SAN FRANCISCO] Yahoo has ramped up its move to mobile, grabbing for Android smartphone home screens with an Aviate application tuned to where people are. Yahoo bought Aviate early this year in a deal reported to be valued at about US$80 million.
      AFP  -  491 words
    • Article, Illustration
      Lock icon Opponents of Thai junta launch campaign for democracy
      522 14 This is first sign of organised resistance to the army since it seized power in May Reu ters [BANGKOK] Opponents of Thailand’s junta launched a campaign yesterday to restore democracy and “oppose the military dictatorship and its aristocratic network”, the first sign
      Reuters; PHOTO: AFP  -  522 words
    • Article
      Lock icon Nissan CEO set to be best paid Japan executive again
      412 14 Bloomberg [TOKYO] Nissan Motor Co chief executive officer Carlos Ghosn earned more than US$10 million last year, putting him on track to become the best-paid Japan executive for the fourth time in five years. Mr Ghosn was paid a total
      Bloomberg  -  412 words
    • Article
      Lock icon Broader gains offset fall in US economy
      276 14 Reuters [WASHINGTON] Economic opportunity has dropped in the United States over the past 40 years, but a broader gauge of opportunity incorporating crime, education and health care has been on the rise, according to a study released yesterday. The study released by advocacy
      Reuters  -  276 words
    • Article, Illustration
      Lock icon Manila considers relaxing rice import curbs
      745 14 Bloomberg [MANILA] The Philippines is considering easing rice import curbs as Asia’s sec-ond-biggest buyer battles record-high domestic prices and seeks to limit losses at a state agency, Economic Planning Secretary Arsenio Balisacan said. Policymakers will consider a proposal next month to adopt a free
      Bloomberg; PHOTO: BLOOMBERG  -  745 words
    • Article
      Lock icon BHP to cut jobs at iron ore unit
      308 14 Reuters [SYDNEY] BHP Billiton is planning to cut more jobs at its flagship Australian iron ore division as it seeks to reduce costs, following a slump in iron prices. A BHP spokeswoman said that it was not possible to put a number
      Reuters  -  308 words
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      Lock icon EU budget rules cannot be eased: Weidmann
      490 15 Germany’s Bundesbank president warns this would unleash tremors in eurozone Reuters [BERLIN] Germany’s Bundesbank president Jens Weidmann has warned against any easing of European Union (EU) budget rules or using “tricks” to disguise a country’s indebtedness, urging states it would be fatal to
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      Lock icon Google’s Glass goes to Britain
      376 15 Tech titan’s explorer programme expands beyond US AFP [SAN FRANCISCO] Google made Glass available in Britain to early adopters willing to spend £1,000 (S$2,122) for a chance to dabble with the Inter-net-linked eyewear. The California-based technology titan expanded an “explorer” programme beyond the United States
      AFP; PHOTO: AFP  -  376 words
    • Article
      Lock icon Net FDI in France turns positive for first time in years
      269 15 Reu ters [PARIS] Net foreign direct investment (FDI) into France turned positive in 2013 for the first time in years, the central bank said on Monday. But rather than a sign of newly-won investor confidence, last year’s improvement was
      Reuters  -  269 words
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      Lock icon World Bank stresses ‘climate smart’ policies
      392 16 Bloomberg [WASHINGTON] Policies aimed at curbing climate change can boost economic growth, create jobs and save millions of lives, according to World Bank president Jim Yong Kim. “Climate-smart” policies to reduce emissions of carbon dioxide in Brazil, China, India, Mexico, the United States and
      Bloomberg; PHOTO: AFP  -  392 words
    • Article
      Lock icon US to face multibillion-dollar bill from climate change: report
      341 16 Reuters [NEW YORK] Annual property losses from hurricanes and other coastal storms of US$35 billion; a decline in crop yields of 14 per cent, costing corn and wheat farmers tens of billions of dollars; heat wave-driven demand for electricity costing utility
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    • Article
      Lock icon World’s largest wealth fund eyes frontier markets
      436 16 The US$880b Norwegian fund will broaden its exposure to reap higher returns Bloomberg [OSLO] Norway’s US$880 billion wealth fund, the world’s largest, will broaden its scope of investments to target “frontier markets” and add more currencies to generate higher returns. The fund will
      Bloomberg  -  436 words
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      Lock icon Trade deal with China on track: Australia
      550 16 Both nations keen to ink pact by end of 2014, adds minister Reuters [BEIJING] China and Australia, which have been trying to set up a bilateral free trade agreement for years, are determined to sign a deal by the end of this year,
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      Lock icon Brooks cleared, Coulson guilty in hacking case
      720 17 AFP [LONDON] Former Rupert Murdoch confidante Rebekah Brooks was cleared of all charges while British Prime Minister David Cameron’s one-time media chief Andy Coulson was convicted of phone hacking in a dramatic end to the News of the World trial yesterday. The jury
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    • Article
      Lock icon German business confidence declines
      502 17 June Ifo index falls to 109.7 from 110.4 in May amid signs of slower growth Bloomberg [FRANKFURT] German business confidence fell to the weakest level this year amid signs of slower growth in Europe’s largest economy. The Ifo institute’s business climate index, based on a survey
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      Lock icon HSBC to halve countries served by private bank
      362 17 Reuters [LONDON] HSBC is halving the number of countries its private bank serves after selling a portfolio of Swiss banking assets, the latest bank to narrow its wealth management focus in a bid to improve profitability and cut compliance risk. HSBC, Europe’s
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      Lock icon Swiss banks curb loans as home prices soar
      342 17 Reuters [ZURICH] Swiss banks will tighten requirements for mortgage loans after repeated warnings from Switzerland’s central bank and the International Monetary Fund of a looming housing bubble. Switzerland’s lenders and financial regulators have been at odds on how best to safeguard against
      Reuters; PHOTO: BLOOMBERG  -  342 words
    • BRIEFING
      • Article
        Lock icon Elizabeth Arden to exit low-return businesses, brands
        80 17 Reuters [BANGALORE] Cosmetics company Elizabeth Arden Inc said it would exit low-return businesses and brands to improve gross margins and profitability, disappointing investors who had hoped for a sale of the company. Shares of the company fell as much as 7 per cent
        Reuters  -  80 words
      • Article
        Lock icon Billionaire Drahi’s Altice sells 911m euros of shares
        108 17 Bloomberg [LONDON] Cable billionaire Patrick Drahi’s investment company Altice SA sold 911 million euros (S$1.5 billion) of new stock to help fund its stake increase in Numericable Group and cut debt. The company said yesterday it sold 17.9 million shares, equal to
        Bloomberg  -  108 words
      • Article
        Lock icon ‘Green’ crime bankrolling terror, militia groups: UN
        109 17 AFP [NAIROBI] Global environmental crime is worth up to US$213 billion a year and helping to finance criminal and terrorist groups threatening security and sustainable development worldwide, according to a report released yesterday by the United Nations and Interpol. The report said Somalia’s
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      • Article
        Lock icon UK regulator talking to 25 potential new banks
        119 17 Reuters [LONDON] Britain’s financial regulator is talking to 25 potential new banks as part of moves to increase competition within the sector, the country’s economic secretary said yesterday. Lawmakers and regulators are keen to see challengers appear to break the dominance of
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      90 13 ARTISANAL CUISINE, A WAY OF LIFE. Celebrating and respecting seasonality, terroir and the world’s best produce. Ranked 100th, The World’s Best Restaurants 2014, sponsored by S. Pellegrino and Acqua Panna. Ranked 17th, Asia’s 50 Best Restaurants 2014, sponsored by S. Pellegrino and Acqua Panna. Appointed Krug’s First Restaurant Ambassade in
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      384 14 TECHNOLOGICAL Nanyang Business School Centre Director, NTU-SBF Centre for African Studies CAS is a new trilateral platform with government, business and academia to promote knowledge and expertise on Africa among Asian businesses and policymakers, to accelerate the creation of deeper economic and policy links between Africa and Asia. This role
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      3736 15 W CORPORATION LIMITED (Incorporated in Bermuda) (Company Registration No.: *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of W CORPORATION LIMITED (the “Company") will be held at 146 Robinson Road, 11th Floor, Singapore *****9 on 23 July 2014 at 9.30 a.m. for the
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      47 16 FI'EE FACILITIES MANAGEMENT SOLUTIONS EXPO 2014 14 -16 October 2014 SINGAPORE EXPO HALLS 3 4 www.fmse.com.sg 1—F r 77Tt -vsc To Exhibit: Tel:+65 6319 4021 Email; fmse@sph.com.sg To Visit: Pre-register at www.fmse.com.sg f te^mo&rsmm^iss Organised by: Co-located with: sphere |i||FACILITIES MANAGEMENT CONFERENCE 2014 A SUBSIDIARY OF S|fl
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      83 16 Myanmar Banking Business Development Conference 2014 15- I 7 July 2014 Sule Shangri-La Hotel,Yangon, Myanmar The only strategic conference dedicated to the banking industry and business development climate in Myanmar where people, innovations, and best practices converge to define the future 5 S..i o ■ill Defining the future Showcase your
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      84 16 10aM 7pm 2nd-3rdAug 2014 SUNTEC SINGAPORE CONVENTION EXHIBITION CENTRE LEVEL 4, EXHiBITION HALL 401 402 EVENT HIGHLIGHTS Interact Access to Local International Exhibitors Panel Discussion on Market Outlook moderated by Keith De Souza (LIVE938 DJ) The A-Z Talkshow with Claressa Monteiro (Kiss92 DJ) Keynote Presentations by Popular Investment Speakers Over
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      494 16 AEI CORPORATION LTD. (Incorporated in the Republic of Singapore) (Company Registration Number *****0506G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (”EGM”) of the shareholders (”Shareholders”) of AEI Corporation Ltd. (”Company”) will be held on 10 July 2014 at 9 a.m. at 12 Penjuru
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      262 17 FORM 69(3) NOTICE OF INTENDED PREFERENTIAL PAYMENT Name of Company Goldin Enterprise Private Limited (In Liquidation) Co. Reg. No. *****2408K Address of Registered Office c/o The Liquidator’s Office Last day for receiving Proofs 11 July 2014 Name of Liquidator Mr. Don M Ho, FCA (Singapore) Address c/o DHA+pac (Don Ho
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  • EDITORIAL & OPINION
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      Lock icon Wall St’s unusual gains a source of worry
      499 18 EDITORIAL WALL Street’s record-breaking run is now into its sixth year since the financial crisis of 2008. The Dow Jones Industrial Average has rebounded 140 per cent since the bankruptcy of investment bank Lehman Brothers in September of that year and the
      499 words
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      Lock icon China’s stance could block new climate change accord
      775 18  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 FIVE years after the global climate change summit in Copenhagen, when the United States and China failed to reach a binding agreement, the
      775 words
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      Lock icon Tariffs on medicines will only tax the sick
      845 18  -  BRICS should form a coalition to press for the elimination of pharmaceutical duties By ROD HUNTER The writer is a senior vice-president at the Pharmaceutical Research and Manufacturers of America. He was a senior director of former president George WBush’s national security
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      Lock icon Meeting India’s jobs challenge
      910 19  -  What is required is rapid manufacturing-led growth that can generate jobs for the low-skilled YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT AMONG the many rapid announcements on the Indian economy made by Narendra Modi’s government was an unexpected one on
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      Lock icon China might be winning the race to reduce solar costs
      789 19  -  By MARTIN TILLIER MANY people, even fanatical advocates of solar power, are unaware of how close we are to reaching a critical milestone in the industry. Within a fairly short space of time, solar-generated electricity will be fully cost competitive
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    • Article
      Lock icon Innovation is limited only by imagination
      544 19  -  By VINOD KUMAR The writer is managing director and group CEO of Tata Communications ICONTINUE to think a lot about innovation. The team here has invested a lot of time and effort into creating innovative products, and we’ve experimented successfully with new ways of
      544 words
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  • Transport HUB
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      Lock icon Making sure seafarers are given a fair deal
      997 20  -  The general level of pay and welfare on the world’s fleet is something to be proud of STRAIT TALK By DAVID HUGHES LMOST everybody would agree in principle that seafarers should get a fair deal for work they do, far from the
      997 words
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      Lock icon TRANSPORT STOCKS
      233 20 SGX '000 Jun 24 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.29 unch 110 S$ Cwt Limited 1.68 -0.02 546 Vol First Ship Lea 0.45 Grand Banks 230 Jaya Hold Ltd 0.19 unch 1991 K1Ventures 0.19 unch 2825 Keppel Corp 10.72 0.04 2124 Mercator Lines Neptune Ol
      233 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Asiana crash: Was auto-throttle a factor?
        974 21 NTSB said to be debating whether to include it as part of the cause Bloom berg [WASHINGTON] US investigators are debating whether to blame a Boeing Co jetliner’s design for helping cause a cascade of pilot mistakes in last year’s Asiana Airlines Inc crash
        Bloomberg; PHOTO: BLOOMBERG  -  974 words
      • Article
        Lock icon Brokerage cuts MAS target price by 43%
        469 21 [PETALING JAYA] Maybank IB Research has slashed 43 per cent off its target price for Malaysia Airlines (MAS) to 12.5 sen on concerns that the ailing airline cannot wait six to 12 months for a new turnaround plan. This is the lowest value
        469 words
      • Article
        Lock icon MH370 ‘remained in controlled flight after contact lost’
        903 21 Probe conclusion reached after radar data re-examined NYT [CANBERRA] Investigators have concluded that Malaysia Airlines Flight 370, which veered off course and disappeared on March 8, was probably not seriously damaged in the air and remained in controlled flight for hours after
        NYT  -  903 words
    • TRANSPORT HUB: LAND
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        Lock icon Car recalls rise globally over defective airbags
        1128 22 At least one-third of over 30m recalls in US so far this year related to airbags NYT [NEW YORK] One of the most critical safety components in cars, the airbag, is rapidly becoming a central concern of carmakers and regulators. Recalls related to
        NYT; PHOTO: BLOOMBERG  -  1,128 words
      • Article
        Lock icon East-west high-speed rail link needed: Osborne
        266 22 Reuters [LONDON] Britain will consider building an east-west high-speed railway between cities in northern England to help boost growth outside London, finance minister George Osborne said on Monday. Less than a year away from a national election and with his Conservatives trailing by six
        Reuters  -  266 words
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      92 20 THICARS@EXPO SUNDAY, 6 JULY 10AM 8PM SINGAPORE EXPO HALL 5 Beetle o There is a car that fits every purse and purpose At the Cars@Expo (C@E), you can find exclusive bargains for all things that are cars, including new, pre-owned, accessories and services. Admission is free. Sponsors iTEG (INTERNATIONAL ICOLLEGE
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      335 21 CRYPTIC CROSSWORD Across 1 Fellow serving spinach dish for dinner maybe (4,3,5) 9 What cook may need to provide popular starter on time? (3,6) 10 Show contempt for name adopted by prophet (5) 11 The centre of that unusual capital in Africa (6) 12 Footballers? Small people who cry! (8)
      335 words
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      32 22 SELLING YOUR CAR? POSTANAD ONSTCars.sg FORFREE! Doitvia www.stcars.sg/place-adnow! i i And browse over25,000new, used cars commercial and rental vehicles. Buy, sell or rent. At www.STCars.sg, your ideal car isn’t hard to find.
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  • Article
    Lock icon SHIPPING TIMES
    2332 23 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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      39 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times Shipping Times
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      155 24 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 WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4208 25 Transaction date: Jun 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 97.5 69 ABR 20 5.1 A-Sonic Aero ('000) High Low Buyer Seller Div Gr Yld C'vr Net
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      Lock icon SGX CATALIST
      468 26 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 32 23 t 3Cnergy 500 Last Vol 1.9 0.9 t Advanced Systems 1.1 +0.1 147 1.1 1.1 1 1.1 21.4 Last Quote Div Gr
      468 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10513 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** undcl A! Aberdeen Asset Mgt Asia Limited 1.57/ EM Local Ccy Bond Aberdeen Asset Mat Asia Limited Global Emerging Markets!** Asian Local Ccy SD Bond 0 9831/ 2.0271 China Opportunities! China Opportunities USD!** 2 8751/
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      Lock icon GLOBALQUOTE
      232 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low Company 343 214 TanChongInt HK337 332 336 9.7 3.1 3.3 6786.8 DISCLAIMER: All information is published “as is” without warranty of any kind and for information
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      Lock icon SGX ETF
      1122 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 115 -0.5 36 115.5 115 114 115.2 525 135.5 119 CIMB APAC Div 100S$D 129.6 128.5 131 108.9 94 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      658 27 Jun 24 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.50 *****.57 *****.27 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****1 Dec14 *****.00 *****.00 *****.00 *****.00 7 ***** MSCI TAIWAN INDEX FUTURES SPOT 331.05 332.47 330.62 Jun14 331.60 332.50 330.30 331.00 ***** *****3 Jul14 326.80
      658 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 23 Index Change Change Change Change Change Change World Preliminary 1239.4 -0.2 4.6 -0.3 3.9 -0.1 5.0 EAFE Preliminary 978.4 -0.3 2.3 -0.3 2.2 -0.2 3.4 Europe Preliminary 1411.9 -0.5 4.2
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 27 Jun 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.008 5.859 0.691 7.290 56.539 112.730 0.959 9.578 3.025 1.080 92.700 41.255 1.175 9.932 0.841 28.231 30.521 0.552 0.940 Canada 0.992 5.812
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    • Article
      Lock icon SIBOR
      37 27 Jun 24 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 6 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 27 Jun 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.125 01-Apr-16 101.21 101.26 101.26 5-Year NX*****W 2.5 01-Jun-19 105.8 105.91 105.85 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon PRECIOUS METALS
      120 27 Jun 24 GOLD(US$/oz) Jun 24 Jun 23 Hong Kong 1327.00 1320.00 Jun 23 Jun 20 London 1316.50 1314.80 1317.35 1315.85 Source: Thomson Reuters CAST BAR Jun 24 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 51 5gm 317 263 10gm 591 528
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    • Article
      Lock icon PALM OIL
      57 27 Jun 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2480.0 2491.0 2498.0 2470.0 880 4394 Aug 14 2481.0 2490.0 2498.0 2469.0 4693 ***** Sep 14 2475.0 2482.0 2492.0 2464.0 ***** ***** Oct 14 2471.0 2482.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Jun 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1738 1.1752 0.9402 0.9406 Canadian dollar 1.1643 1.1658 0.9331 0.9326 Euro 1.6981 1.6997 1.3601 1.3604 NZ dollar 1.0864 1.0879 0.8702 0.8707 Sterling pound 2.1254 2.1275 1.7024 1.7028
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    • Article
      Lock icon CHICAGO BOT
      109 27 Jun 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1424.75 1415.75 1434.50 1404.50 Aug 14 1365.50 1361.50 1378.00 1349.50 Sep 14 1267.50 1263.50 1279.25 1258.50 Nov 14 1233.75 1231.50 1243.50 1223.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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    • Article
      Lock icon LIFFE
      95 27 Jun 23 COCOA (£/tonne) Close Prev High Low Jul 14 1948 1965 1967 1947 Sep 14 1923 1935 1939 1921 Dec 14 1910 1921 1923 1908 Mar 15 1902 1912 1915 1899 COFFEE(US$/tonne) Close Prev High Low Jul 14 1967 1990 1997 1967 Sep 14 1982 2001 2012 1980
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1027 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 17 0.3 1 7 1.11 49 Asia-Pacific Strategic W*****6 3.9 0.1 2602 1 2 59 Acma Ltd W*****7 Exer Price Asiatic Grp(Hldgs) Ltd W*****5 Disc Asiatravel.com HoldingsW*****7 8.8
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Jun 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.16 -0.73 WTI (Near Mth) 106.72 -0.50 Dubai (1-Mth F) 110.77 0.03 Tapis blend 118.13 -0.27 Minas 113.73 -0.57 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.39 0.72 Jet Kerosene 124.91 0.09 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Jun 24 S$ Bid Offer 1-month 1.2485 1.2494 2-months 1.2485 1.2494 3-months 1.2485 1.2494 6-months 1.2483 1.2492 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 27 Jun-23 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1852.25 1847.75 3 months 1890.00 1886.00 Copper, Grade A(US$/tonne) Cash 6917.00 6840.50 3 months 6885.00 6820.00 Lead(US$/tonne) Cash 2148.25 2102.75 3 months 2177.00 2130.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Jun 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.203 1.146 Can dollar 1.185 1.140 Euro 1.737 1.655 Sterling pound 2.165 2.082 NZ dollar 1.113 1.071 US dollar 1.273 1.213 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      161 27 Jun 24 $S Offer Bid 0vernight 0.05 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.12 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      116 28 Find your groove in America From the heart and soul of Chicago blues to the country twang of Texas, discover the musical legacy that can only be found in America. Fly Emirates daily to 48 destinations* across the USA with service to Chicago starting 5th August. emirates.com/sg Lie-Flat Business Class
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      172 29 I CAN TRADE WITH IG WHEREVER I AM, WHATEVER DEVICE I USE Economic calendar i (USES- 05 06 Country 06 JUN B Spot FX EUR/USD Deal Order Chart Submit J HR entiment NEVER MISS AN OPPORTUNITY WITH OUR STATE-OF-THE ART APPS Download Singapore's No.1 mobile trading app* for free at
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  • executive Money
    • Article, Illustration
      Lock icon Averting disputes over inheritance
      1192 30  -  Unequal inheritances may ignite family squabbles, especially those involving deathbed disinheritance, reports PAUL SULLIVAN reportsPAUL reportsPAUL SULLIVAN NYT [NEW YORK] ATE’s father died when she was in college, but she stayed close to his side of the family. Although she moved to North Carolina after graduation,
      NYT; PHOTO: CHESTER HIGGINS JR/THE NEW YORK TIMES  -  1,192 words
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      Lock icon Corporate leader or big bad wolf?
      1061 28  -  Ousting wayward company founders can be tough, writes ANDREW ROSS SORKIN writesANDREW writesANDREW ROSS SORKIN NYT [NEW YORK] DOV Charney is completely naked. He is dancing in what looks like an office or studio, talking on his mobile phone while he jams to This
      NYT; PHOTO: BLOOMBERG  -  1,061 words
    • Article, Illustration
      Lock icon Gold euphoria unlikely to last
      993 29  -  But some market players say geopolitical concerns will support prices and may give the yellow metal a short-term boost, report DEBARATI ROY, NICHOLAS LARKINandGLENYS SIM report DEBARATI ROY, NICHOLAS LARKIN and GLENYS SIM Bloomberg [NEW YORK] AFTER the biggest gold slump in three decades left
      Bloomberg; PHOTO: BLOOMBERG  -  993 words
    • Article
      Lock icon Dubai sell-off ‘opening doors for investors’
      430 29 Global investors who missed rally will now jump in: Schroders Bloomberg [DUBAI] The sell-off that ended Dubai’s biggest bull market since 2005 is opening doors for long-term investors, according to Schroders plc. “The market is now starting to offer very good entry points,” Dubai-based
      Bloomberg  -  430 words
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      110 30 A dynamic city A bank renowned for innovation 50 remarkable years in Singapore X X < I te I 4 m ■ki From transport to property to commodities, J.P. Morgan has been at the forefront of many pioneering deals that have helped build today’s Singapore. For 50 years, we’ve enabled
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