The Business Times, 4 July 2014

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Microfilm: NL33180
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, July 4, 2014
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  • Article, Illustration
    Lock icon KL banker Nazir Razak loosens grip at CIMB
    1016 1  -  He steps down as CEO, becomes chairman of Malaysia’s second largest bank on Sept 1 By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT [SINGAPORE] In a surprise yet not completely unexpected move, Malaysia’s top banking maestro, Nazir Razak, is stepping down as chief executive of
    PHOTO: BLOOMBERG  -  1,016 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,273.15 (+9.24) GST INDEX FUTURES 3,268.00 (+9.00) GSIMSCI 372.41 (+1.08) GSIMSCI FUTURES 371.90 (+1.80) US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.715 2.140 EURO (US$/S$/€ 1.366 1.704 Foreign currency per US$ S$ YEN 101.90 81.70 RM 3.204 2.568 HK$ 7.751 6.213 BAHT 32.40 25.97 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Thursday Change KL COMP 1,888.69 +1.85 NIKKEI 225 15,348.29 -21.68 HANG SENG 23,531.44 -18.18 SET INDEX 1,493.21 +1.40 JAKARTA COMP 4,888.73 -19.54 MANILA COMP 6,899.31 +48.71 SEOUL COMP 2,010.97 -4.31 SHENZHEN B 844.81 +3.39 MUMBAI IND 25,823.75 -17.46 12 noon EDT Change DOW 17,061.62 +85.38 NASDAQ 4,480.92 +23.18
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE MALAYSIA HONG KONG HONG KONG 6.55 5.00 INDONESIA 15.257 KOREA 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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  • Article, Illustration
    Lock icon ING sets its sights on commercial banking in Asia
    706 1  -  By JAMIE LEE leejamie@sph.com.sg@JamieLeeBT [SINGAPORE] As ING Group weeds through the last of its global restructuring plan, revenue from its commercial-banking operations in Asia is expected to contribute 20 per cent to the group’s commercial banking unit in three to five
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      Lock icon Page 1 Advertisements Column 1
      68 1 EXECUTIVE LIFESTYLE Appy ever after PAGE 27 COMMENTARY Japan equities look set to rebound PROPERTY Business Times Classifieds WINE Ray of light, even in a hailstorm PAGES 20 21 PAGE 19 PAGE 31 sHsszisiHsooooa ULTIMATE DISCRETION PiageT piaget-altiplano.com PIAGET Boutiques: 02-12A Takashimaya Shopping Centre, Ngee Ann City, 391 Orchard Road.
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      27 1 Read Boardroom Matters, a series of articles from the Singapore Institute of Directors on issues relevant to listed companies and corporate governance, on BTInvest every Friday: btd.sg/BMatters
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  • TOP STORIES
    • Article, Illustration
      Lock icon Outward bound
      82 2 BT The hunt is on. After retreating to the safety of home during the Global Financial Crisis, Singapore companies are once again prowling for acquisition targets in the rest of the world. With this year’s merger and acquisition volumes surpassing expectations, The Business Times looks closer at the
      BT Graphics: Kenneth Lim and Simon Ang; Source: Bloomberg, Dealogic and Thomson Reuters  -  82 words
    • Article, Illustration
      Lock icon The BT-Coca-Cola World Cup Charity Drive
      357 2 JULY 5 France vs Germany (12mn) Alan Chan CEO, Singapore Press Holdings Ltd This is arguably the blockbuster match of the quarter-final stage, to be played in the famous Maracana Stadium in Rio de Janeiro no less. Having already scored 10 goals in four
      357 words
    • Article, Illustration
      Lock icon Why Asia does poorly in the World Cup
      692 2  -  The region has no competitive international landscape COMMENTARY NG SHIN EIN Ng Shin Ein, managing director of Blue Ocean Associates, is also one of the 32 CEOs taking part in The BT-Coca-Cola World Cup Charity Drive. She is also an ardent Arsenal
      692 words
    • Article
      Lock icon June job growth surges, jobless rate falls to 6.1%
      604 2 Dow tops 17,000 for first time on upbeat employment report LATEST US DATA Reuters [WASHINGTON] US employment growth jumped in June and the unemployment rate declined to near a six-year low of 6.1 per cent, effectively dispelling fears about the economy’s
      Reuters  -  604 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      297 3 Nazir Razak loosens grip at CIMB THE top Malaysian banker and brother of Prime Minister Najib Razak is stepping down as chief executive of CIMB Group. FRONT PAGE ING sets sights on commercial banking ING Group expects revenue from its commercial banking operations in Asia to contribute 20
      297 words
    • Article
      Lock icon Gas swap sees S’pore-bound PNG re-routed to Indonesia
      584 3  -  Deal involving Sembgas, Gas Supply Pte Ltd is for Indonesia to meet urgent domestic demand By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] A complicated gas swap which will see some contracted, Singapore-bound Indonesian piped natural gas (PNG) re-routed to meet urgent domestic needs there
      584 words
    • Article, Illustration
      Lock icon ECB ready for QE if current measures don’t work
      559 3 Reuters [FRANKFURT] A raft of policy measures introduced last month will help lift inflation and support bank lending but the European Central Bank stands ready to create money in future if required, president Mario Draghi said yesterday. The ECB left interest
      Reuters  -  559 words
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      99 2 Guess the score* win a Sony 4KTV! The Netherlands vs Costa Rica Here’s your chance to be the first to own the latest 55-inch 4K Sony TV! Just guess the correct scoreline of the above match and you could win the newest Sony TV with superior colour reproduction. Other prizes
      99 words
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  • Page 3 Advertisements
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      39 3 Food Paradise Great Dishes Special Deals o c St Hi N w > Look out for the Food Paradise Special in the Straits Times Classified on Friday, 4 July 2014. THE STRAITS TIMES CLASSIFIED BUY IT SELL IT FIND IT
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      Lock icon Page 3 Advertisements Column 2
      276 3 Attention NRIs and PIOs www.hdfc.com Buy a home in India, the easy way. 8 leading Indian developers. Up to 60 projects. Right here in Singapore. 1 > muni HDFC'S Inals An Exclusive Property Showcase Venue: Raffles Convention Centre, Wilberforce Bailey Room, Level 4, Fairmont Hotel, 80 Bras Basah Road, Singapore.
      276 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon High potential seen for HPL’s west Orchard assets
      530 4  -  OCBC analyst says the properties are ripe for revitalisation By AMANDA EBER aeber@sph.com.sg HOTEL Properties Ltd (HPL) assets in West Orchard are ripe for revitalisation and a future mega-de-velopment could play a central role in remaking the area, according to an OCBC
      530 words
    • Article, Illustration
      Lock icon OCBC sites 2nd largest outlet at Orchard
      601 4  -  New branch targets affluent, youth and young professionals By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT OCBC Bank’s latest branch offering and deposit account come amid a hunger for customer loyalty in Singapore, as banks look for sticky deposits to fund their operations. OCBC’s latest branch
      601 words
    • Article, Illustration
      Lock icon Tembusu Partners invests US$7.5m in coal assets
      389 5  -  It intends to list PMCR in an Asian location such as Singapore By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT SINGAPORE private-equity investor Tembusu Partners has invested US$7.5 million in a coal-resources company, with a view to listing the firm in an Asian location such as
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    • Article
      Lock icon Vallianz strikes vessel deal with CNOOC unit
      267 5  -  Firm sees enormous opportunity in China’s O&G sector By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT CATALIST-LISTED Vallianz Holdings has steered itself into China’s oil gas industry, announcing yesterday a three-year collaboration agreement with the country’s largest offshore engineering and construction company. Under the deal with
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    • COMPANY BRIEFS
      • Article
        Lock icon Unionmet inks oil blending R&D deal
        94 5 METALS trader Unionmet (Singapore) Ltd has tied up with the Institute of Chemical and Engineering Services (ICES) to conduct research and development (R&D) in the oil blending business. Under the memorandum of understanding, ICES will second research scientists and engineers to mainboard-listed Unionmet, with
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      • Article
        Lock icon Aspial issues $45m notes maturing in 2019
        74 5 JEWELLERY and property development group Aspial Corporation has issued $45 million in notes under its $500 million multicurrency debt issuance programme. These will bear interest of 5.05 per cent a year and mature on June 12, 2019. The net proceeds will be used
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      • Article
        Lock icon $75m notes from Tiong Seng Holdings
        78 5 CONSTRUCTION and civil engineering group Tiong Seng Holdings has issued $75 million in notes under its $250 million multicurrency medium term note programme. These will bear interest at a fixed rate of 4.75 per cent a year, and mature on Jan 3, 2018. The
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      • Article
        Lock icon Deal to buy Gloria Jean’s Coffees off: GYP
        94 5 GLOBAL Yellow Pages (GYP), which in December last year said it will buy Australia’s Gloria Jean’s Coffees, said that its agreement with Tea Coffee Traders acting as trustee for the Saleh Family Trust has ceased. GYP had received a letter dated July
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    • Article
      Lock icon Noble hires Nyrstar’s Barbir as it expands
      151 5 Bloomberg [LONDON] Noble Group Ltd, Asia’s biggest commodity trader by sales, hired Kareem Barbir to trade industrial metals concentrates, according to three people familiar with the matter. Mr Barbir, previously with Nyrstar NV, joined this week and is based in London, said the
      Bloomberg  -  151 words
    • Article
      Lock icon Keppel confirms US$735m LNG vessel conversion deal
      415 7  -  Contract with Golar involves converting a Moss LNG carrier into an FLNGV By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT KEPPEL Shipyard has confirmed a US$735 million contract with Golar Hilli Corporation to perform the world’s first-of-its-type conversion of an existing Moss LNG carrier into a
      415 words
    • Article, Illustration
      Lock icon Stock markets not bubbling over: Bank of S’pore
      499 7  -  By RAPHAEL LIM raphlim@sph.com.sg DESPITE stock indices such as the S&P 500 and the DAX reaching historic highs, stock markets worldwide do not appear to be in a bubble, said Hou Wey Fook, chief investment officer of Bank of Singapore yesterday. Briefing
      FILE PHOTO  -  499 words
    • Article
      Lock icon Value of June securities traded slides 37%
      413 7  -  Trading volume hit by World Cup fever, lacklustre market By VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT WORLD Cup fever combined with an already meandering market took a toll on the total value of securities traded on the Singapore Exchange last month. June’s value of $20.5
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    • Article
      Lock icon China drugmaker in US$764m IPO
      206 7 Bloomberg [HONG KONG] Luye Pharma Group, a Chinese drugmaker backed by Singapore’s sovereign wealth fund, and the company’s owners are poised to raise US$764 million from a Hong Kong initial public offering, people with knowledge of the matter said. The company, based in eastern China’s
      Bloomberg  -  206 words
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      Lock icon Page 4 Advertisements Column 1
      539 4 The Foundation of Career Success Who should attend: Sales, marketing and service professionals; executives, supervisors, managers, team leaders and other general managers. 2014 JULY SERIES FULL-DAY WORKSHOPS Mental Toughness for Breakthrough Sales Performance 23 JUL '14 WEDNESDAY SPH News Centre (9.30am to 6.00pm) An empowered and tough mind can give
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      144 5 7 he Business Times Wine Challenge 2014 CEOs’ Choice awards, in partnership with UBS, are ripe for the picking. In our quest for 10 top-notch vintages, we are tapping the expertise of a panel of CEOs, all well-regarded wine connoisseurs in their own right, as well as international wine judge
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon UOB’s jump helps STI rise 9 points
      616 6  -  Trading in index components adds up to about half of the market’s turnover of $1.03 billion STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent IT COULD be that the Straits Times Index’s (STI) 9.24-point rise to 3,273.15 yesterday was a result of “bargain hunting”
      Source: Bloomberg  -  616 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jul 3 VALUE CLOSE BT OB/OS -33.00 +56.00 BT CADI -*****.00 +74.00 BT 10-day MA -*****.00 -3.00 FTSE ST Mid Cap 776.36 +3.67 FTSE ST Small Cap 563.35 +1.65 FTSE ST All Share 799.78 +2.51 FTSE ST China Top 199.39 +0.49 FTSE ST China 225.52 +0.05 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      61 6 VOLUME APAC Strategic 196,375,000 Mirach Energy 125,678,000 Artivision Tech 119,562,000 KLW Hldgs 87,897,000 China Gaoxian 76,950,000 PNEMicron 60,306,000 Blumont 58,193,000 Nam Cheong 44,638,000 W Corp 42,938,000 RH PetroGas 40,998,000 VALUE($) DBS Grp 74,830,090 UOB 66,188,950 RH PetroGas 35,105,635 OCBC Bank 31,293,004 HongkongLand USD 30,436,191 SingTel 28,130,800 Noble
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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 5 4 5 0 0 0 5 4 5 Manufacturing 59 35 43 10 9 6 69 44 49 Commerce 21 18 22 2 9 4 23 27 26 Tpt/Stor/Comms 16 14 14
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    • Article
      Lock icon BROKERS’ TAKE
      992 6  -  Compiled by ANDREA SOH Keppel Corporation July 3 close: S$10.75 DMG Partners Research, July 3 KEPPEL Corp announced that its conditional contract with Golar LNG for the conversion of a floating liquefaction vessel (FLNGV) is now firm. The contract value of U$735 million came as a surprise, and
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 8,969 8,969 26,719 26,719 Manufacturing 508,257 185,858 694,115 174,505 11,025 185,530 Commerce 162,435 80,640 243,075 101,935 8,666 110,601 Tpt/Stor/Comms 109,065 1,785 110,850 122,174 229 122,404 Finance 32,080 380 32,460 183,257 119 183,376 Construction 43,399 39,570
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      121 6 Stock name Close Change Ascendas Reit 2.330 +0.010 CapitaLand 3.200 +0.020 CapitaMall Trust 1.950 CityDev 10.250 +0.040 ComfortDelGro 2.490 -0.010 DBS Grp 17.020 +0.130 Genting Sing 1.330 -0.010 Global Logistic 2.670 -0.010 Golden Agri-Res 0.555 +0.005 HPH Trust USD 0.725 HongkongLand USD 6.660 +0.010 JMH 400
      121 words
    • Article, Illustration
      Lock icon Swedish krona drops to 31/2-year low
      458 6 Swedish krona drops to 3 1 /2-year low CURRENCIES Reuters [LONDON] The Swedish krona fell to a 31/2-year low against the euro yesterday as the central bank cut rates more than expected, while Australia’s dollar lost ground after the head of its central bank warned that the currency could weaken.
      Reuters; PHOTO: BLOOMBERG  -  458 words
    • Article
      Lock icon RISES
      117 6 BY CENTS CLOSE UP Great Eastern 2309 106.0 4.8 Hyflux 6% CPS 10 ***** 90.0 0.8 Lyxor ThaiSET 10US$ ***** 53.6 0.3 DBXT FTChina25 10US$ 3028 52.4 1.4 DBXT AUD Bonds 5AU$ ***** 46.7 0.2 UOB 2308 42.0 1.9 UOB.ES.1407 2304 39.0 1.7 HPL 440 38.0 9.5 Lyxor AsiaIT
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    • Article
      Lock icon FALLS
      134 6 BY CENTS CLOSE DOWN DBXT iBoxxSvEu 5US$ ***** -245.7 -0.7 DBXT AUDCS 5US$ ***** -217.0 -0.9 DBXT AUDCS 5SG$ ***** -210.0 -0.8 DBXT USDIGInfl 5US$ ***** -149.6 -0.4 DBXT iBoxxUSTr 5US$ ***** -52.4 -0.2 GLD 10US$ ***** -41.2 -0.3 DBXT E50 10US$ 5529 -33.7 -0.5 JSH 500 USD 3656
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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  • SINGAPORE NEWS
    • Article
      Lock icon DBS is Singapore’s most valuable brand again: report
      555 8  -  In terms of strong nation brands, S’pore loses top spot to Switzerland By KELLY TAY kellytay@sph.com.sg @KellyTayBT DBS has not only defended its top spot as the most valuable brand in Singapore this year, it has also extended its lead over Singapore
      555 words
    • Article
      Lock icon Employment outlook mixed for rest of year
      545 8  -  BY. VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT THE employment outlook for the rest of 2014 appears hazy, with two human resource firms offering opposing views on hiring prospects. PrimeStaff Management Services is forecasting hiring intentions for the third quarter to be “slightly pessimistic”, and may
      545 words
    • Article
      Lock icon Hawazi issues warning to contractors
      358 8  -  By CAI YONG caiyong@sph.com.sg DEVELOPERS and contractors were yesterday put on notice that they will face tougher action if workplace safety in the construction sector does not improve. Senior Parliamentary Secretary for Manpower and for Education Hawazi Daipi issued the warning at the launch of
      358 words
  • Page 8 Advertisements
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      372 8 tfci i=nR rri f- c jCTiSl; AdegaAdi. w. SSHANG PROPERTIES® >4 subsidiary of the Shangri-La Hotel Resorts Group THE RISE MAKATI Why Philippines Property is now the Hottest Pick in Asia? Pre-Launch for Shang’s newest residential and retail mall in Makati CBD. Only 10% down payment, with easy zero interest
      372 words
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      Lock icon Page 8 Advertisements Column 2
      45 8 BT Wine, Dine Hospitality Pages save more than Jc< co\ fuU' c v For advertisement bookings and sales enquiries, please contact: Lawrence Chang 9229 4919 Rachel Khoo 9298 9465 Ellen Lee 9368 3533 Alisa Tan 9154 8381 Francis Yeo *****356 Vanessa Fong 9625 7384 S01
      45 words
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  • Page 9 Advertisements
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      15 9 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
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      2665 9 JK TECH HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0813H) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of JK Tech Holdings Limited (the “Company”) will be held at 61 Kaki Bukit Avenue 1, #02-13, Shun Li Industrial Park, Singapore
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Malaysia builders bag RM7b of jobs in Q2
      537 10  -  Quarter-on-quarter growth of 336% aided by award of 2 extra large contracts By PAULINE NG in Kuala Lumpur MALAYSIA’S construction companies registered one of their strongest quarters for contract awards when they won a total of RM7 billion (S$2.7 billion) in contracts
      PHOTO: BLOOMBERG  -  537 words
    • Article
      Lock icon Jakarta sells 1b euro of bonds to tap low rates
      722 10 Bloomberg [JAKARTA] Indonesia sold one billion euros (S$1.7 billion) of bonds in its debut offer of the debt to take advantage of lower borrowing costs in Europe. The nation sold the sev-en-year notes at 2.976 per cent, or 195 basis
      Bloomberg  -  722 words
  • Page 10 Advertisements
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      617 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF 1875 FUND MANAGEMENT PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****3375C) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company on 30
      617 words
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      635 10 were of 30 as Up that #03-10 be powers by on may of of or of or or IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CITIC-UIC INVESTMENT PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****4305E) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following
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      645 10 The Business Times NOTICES were of 30 as Up #03-10 be powers by on may of 50 are of or of or or excluded IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DELTA TIME CAPITAL PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****3592E)
      645 words
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      554 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF FRHI GLOBAL EMPLOYMENT COMPANY PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****0053R) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company on
      554 words
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      661 10 Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices 50 *****0053R) were the of 27 as Up the that and Baker #03-10 be Liquidators divide specie the liberty powers the the can of 50 *****0053R) PARTICULARS the Company, are of and or of undersigned, and, the or their place or excluded made IN
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      444 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ZINSER TECHNOLOGY ENTERPRISES PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****8338N) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company on 27
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      569 10 In the matter of the Companies Act, Cap 50 And In the Matter of Capital Ventures Pte Ltd (In Members’ Voluntary Liquidation) (Registration No.: *****5014C) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the members
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon China’s services sector expands strongly in June
      524 11 PMI rebounds to 53.1 from 50.7 in May, the fastest pace in 15 months Reuters [BEIJING] Activity in China’s services sector expanded at its fastest pace in 15 months in June, a private survey showed yesterday, reinforcing signs that the broader economy is
      Reuters; PHOTO: REUTERS  -  524 words
    • Article
      Lock icon India’s services sector growth at 17-mth high
      381 11 New business in June points to economic growth Reuters [MUMBAI] Activity in India’s services sector grew at its fastest pace in well over a year in June as new business poured in, adding to signs of a pick-up in the economy even as
      Reuters  -  381 words
    • Article, Illustration
      Lock icon China takes small step towards yuan liberalisation
      376 11 AFP [SHANGHAI] Chinese banks can now set their own exchange rates between the yuan and the US dollar for some customers, the government said, in a small step towards liberalisation of the tightly controlled currency. Banks can decide the “spread” the range between
      AFP; PHOTO: BLOOMBERG  -  376 words
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      1604 11 YONGMAO HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****0649K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Yongmao Holdings Limited (the “Company”) will be held at 81 Ubi Avenue 4, #09-01 UB. One, Singapore *****0 on Monday 21 July
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  • WORLD
    • Article, Illustration
      Lock icon Philippine banks on foreign investors’ radar
      987 12 Law that allows full control of a local lender expected to be signed soon Reuters [MANILA] A planned law allowing foreign firms to take full control of Philippine lenders is drawing eager suitors to the sector, including Japan’s Mitsubishi UFJ Financial Group and Malaysia’s
      Reuters; PHOTO: REUTERS  -  987 words
    • Article
      Lock icon Thai consumer confidence jumps in June: survey
      504 12 Reu ters [BANGKOK] A university’s index of consumer confidence in Thailand jumped in June, pointing to a possible improvement in domestic demand after the army took power and promised to revitalise a stumbling economy. The consumer confidence index of the University of the
      Reuters  -  504 words
    • Article
      Lock icon Bitcoin auction winner plans to expand its use
      646 12 He will make the coins available in emerging markets NYT [NEW YORK] When the government auctioned nearly 30,000 bitcoins last week, many bidders were looking for a bargain, hoping to buy the virtual currency at a discount and flip it later for
      NYT  -  646 words
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      Lock icon Boom time ahead for high-yield bonds
      776 13 Strong performance seen after recordsetting volumes and returns in H1 IFR [NEW YORK] The highyield bond market is on track for a strong second half following a better start to 2014 than anyone expected in both volumes and returns, thanks to lower underlying rates,
      IFR; PHOTO: BLOOMBERG  -  776 words
    • Article, Illustration
      Lock icon Supervision's 'main line of defence': Yellen
      678 13 Bloomberg [WASHINGTON] Federal Reserve Chair Janet Yellen said that concerns about financial stability shouldn’t prompt a change in current monetary policy while flagging “pockets of increased risk-taking” in the financial system. Ms Yellen delivered a comprehensive salvo in the global debate among central bankers
      Bloomberg; PHOTO: BLOOMBERG  -  678 words
    • Article, Illustration
      Lock icon High chance of drop in Aussie $, says RBA chief
      472 14 High chance of drop in Aussie says RBA chief Currency falls after he says investors are underestimating probability of a slide Bloomberg [SYDNEY] Investors are underestimating the probability of a “significant fall” in the Australian dollar, Reserve Bank governor Glenn Stevens said, sending the currency towards its biggest two-day decline
      Bloomberg; PHOTO: BLOOMBERG  -  472 words
    • Article
      Lock icon UK services sector grows in June
      426 14 PMI shows economy is ‘firing on all cylinders’: Markit Reu ters [LONDON] Britain’s services industry expanded steadily in June, a business survey showed yesterday, suggesting the economy grew robustly throughout the first half of 2014 and possibly pointing to an interest rate hike within
      Reuters  -  426 words
    • Article, Illustration
      Lock icon Siemens eyeing deals to exploit US gas boom
      722 14 Bloomberg [FRANKFURT] Siemens chief executive officer Joe Kaeser said that he’s prepared to make acquisitions to exploit a boom in the US natural-gas industry that will eclipse demand in Europe, where the economy is still struggling to rebound. As more facilities spring
      Bloomberg; PHOTO: REUTERS  -  722 words
    • Article
      Lock icon NZ govt committed to fight tax avoidance by MNCs
      318 14 Xinhua [WELLINGTON] The New Zealand government will be pushing for international efforts to fight tax avoidance by large multinational companies after the OECD (Organization for Economic Cooperation and Development) group of developed nations made the first moves to close down loopholes
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      Lock icon Cybercrime scheme targets Brazil transactions
      761 15 it preys on a popular payment method that can be issued online and paid through various channels NYT [SAN FRANCISCO] Security researchers have uncovered what they believe is a significant cybercrime operation in Brazil that took aim at US$3.75 billion in transactions by Brazilians. It
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    • Article, Illustration
      Lock icon Time needed for Abe’s ‘third arrow’ to have impact: minister
      504 16  -  Cuts in corporate tax to upper 20% range are likely over the next five years By ANTHONY ROWLEY in Tokyo THE “third arrow” of Japanese Prime Minister Shinzo Abe’s “Abenomics” reforms will take time before the full impact is felt,
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    • Article
      Lock icon Japan lifts some sanctions against N Korea
      483 16  -  S Korea welcomes move; China offers guarded praise By ANTHONY ROWLEY By in Tokyo SIGNS of a thaw in the hith-erto-chilly relations between Japan and several of its East Asian neighbours came yesterday, when both China and South Korea welcomed Japan’s move to
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      Lock icon Germany okays 8.50 euro per hour minimum wage
      413 16 Reu ters [BERLIN] Germany’s lower house of Parliament approved the introduction of a nationwide minimum wage of 8.50 euros (S$14.40) per hour yesterday, following a heated months-long debate between politicians and businesses who warned it would cost jobs. The law is a
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    • BRIEFING
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        Lock icon 1MDB starts work on US$3b IPO
        92 16 Bloomberg [KUALA LUMPUR] 1 Malaysia Development, the state investment fund, said it has started work on an initial public offering of its energy assets that is expected to raise more than US$3 billion. Deutsche Bank AG and Malayan Banking will be the joint global
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      • Article
        Lock icon Top economies shrink in Q1: OECD
        75 16 AFP [PARIS] Leading global economies contracted in the first three months of 2014 as companies traded less and ordered fewer goods, and despite a slight rise in private consumption, the Organisation for Economic Cooperation and Development (OECD) said yesterday. Data showed that economic activity
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      • Article
        Lock icon BSE halts trading due to outage
        75 16 Reuters [MUMBAI] India’s second-biggest exchange operator BSE Ltd halted trading across all its markets for about three hours yesterday due to a network outage, marking the fourth time this year the bourse has suffered from technical problems. The latest trading disruption at BSE raised
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    • Article
      Lock icon Longer stock bonus wait for UK bosses these days
      236 16 Reuters [LONDON] British companies are responding to pressure from investors and government to make bosses wait longer for stock bonuses, and more shareholders should now add their weight to the campaign, a top fund manager at Fidelity Worldwide said. Fidelity, among
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      103 12 IFBO VIETNAM 2014 International Franchise Business Opportunities 4-6 September 2014 10.00am 5.00pm Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam International franchise brands and business concepts under one roof Get free lessons on franchising from the experts! Pick up useful tips on doing business in Vietnam *Enjoy preferential
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      32 12 HEALING TOUCH Age-old ayurveda’s new-found popularity in Singapore WHY MODI’S BUDGET MATTERS TO US IN S’PORE GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      19 12 JULYISSUEOUTNOW! Free gifts by PROLiNK with this promo card. Exclusive for HWM print readers. While stocks last. Visit www.hardwaremag.com
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      45 12 2014 MANUFACTURINGSOLUTIONSEXPO Empowering Manufacturing Sectors with Solutions 8 to 10 October 2014 Suntec Convention 8t Exhibition Centre Halls 401 403 ms-expo.com h m a v 5^ To Exhibit: Tel: +65 6319 4021 Email: mse@sph.com.sg To Visit: Pre-register at ms-expo.com Organised by: sphere A SUBSIDIARY OF
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      2493 13 The Business Times NOTICES Toll free 1800-289-8822 Email nolices@sph.conn.sg www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT COMPANY REGISTRATION NO. CAP 50 AND IN THE MATTER OF IN-SPACE PTE LTD (Company Registration No. *****8090C) (In Members’ Voluntary Liquidation) NOTICE TO CREDITORS NOTICE IS HEREBY GIVEN that the creditors of IN-SPACE
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      345 14 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 (“the Act”) AND IN THE MATTER OF ELLIPSIZ VENTURES PTE LTD (“the Company”) (Co. Reg. No. *****3978W) Notice of Resolutions for Members’ Voluntary Liquidation (Pursuant to Section 290) At an Extraordinary General Meeting of the Company held
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      341 14 IN THE MATTER OF THE COMPANIES ACT, CAP 50 (“the Act”) AND IN THE MATTER OF ELLIPSIZ TESTLAB PTE. LTD. (“the Company”) (Co. Reg. No. *****5562H) Notice of Resolutions for Members’ Voluntary Liquidation (Pursuant to Section 290) At an Extraordinary General Meeting of the Company held at 13A Mackenzie Road
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      341 14 IN THE MATTER OF THE COMPANIES ACT, CAP 50 (“the Act”) AND IN THE MATTER OF ELLIPSIZ SINGAPORE PTE LTD (“the Company”) (Co. Reg. No. *****2455Z) Notice of Resolutions for Members’ Voluntary Liquidation (Pursuant to Section 290) At an Extraordinary General Meeting of the Company held at 13A Mackenzie Road
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      959 15 o www.omy.sg i m a e *,S m 1T& showbiz.omy.sg 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JUGGERNAUT CAPITAL MANAGEMENT PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****4224K) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Juggernaut Capital Management
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      2338 15 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of Japan Foods Holding Ltd. (“Company”) will be held at The Imagination Room, Level 5, National Library Building, Singapore *****4 on Tuesday, 22 July 2014
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      1149 16 The Business Times NOTICES KLW KLW HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Registered office: 19 Senoko Loop, Singapore *****9 Registration No. *****4141D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of KLW HOLDINGS LIMITED will be held at 19 Senoko Loop, Singapore
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      20 16 Toll free 1800-289-8822 Email noticesfSsph.com.sg www.sphclass.com.sg/notices Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
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  • AVIATION/SHIPPING
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      Lock icon Khazanah to take MAS private: sources
      935 17 Move ‘first step in a major revamp of the loss-making airline’ Reuters [KUALA LUMPUR] Malaysian state investor Khazanah Nasional Bhd plans to take Malaysian Airline System Bhd (MAS) private as the first step in a major restructuring of the loss-mak-ing airline following the disappearance
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      Lock icon AirAsia’s India venture to break even only in Dec
      341 17 Reu ters [BANGALORE] Malay-sian-based budget carrier AirAsia Bhd said yesterday it expects its India unit to break even in December, later than initially planned, after a delay in plane deliveries and a plan to boost investment in the fleet. The budget
      Reuters  -  341 words
    • Article
      Lock icon Big trade in offing as first US condensate cargo goes on sale
      532 17 Reuters [NEW YORK] A US energy company launched a broad effort this week to find buyers for the first ever US exports of ultra-light condensate oil, signalling the start of what could be a growing trade as demand
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    • Article
      Lock icon Asia-Pacific air traffic volumes in May up 7.3%
      457 17  -  Iata cites China economy pick-up for region beating global growth rate BY NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Air traffic volumes in the Asia-Pacific expanded by 7.3 per cent year on year in May, outstripping the 6.2 per cent growth seen by the
      457 words
    • Article
      Lock icon Firm linked to Tung Chee-hwa fined over exec’s death
      475 17 Reuters [SINGAPORE] Orient Overseas Container Line (OOCL), a shipping company controlled by the family of former Hong Kong government chief executive Tung Chee-hwa, has been fined 50,000 euros (S$85,079) over the death of a top executive in France 11 years ago.
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    • Article
      Lock icon TRANSPORT STOCKS
      245 17 SGX '000 Jul 03 S$ +/-Vol Chuan Hup Hldg 0.28 unch 44 Jul 03 Cwt Limited................1.77 0.01 722 Ezra Hldgs 1.21 0.03 ***** First Ship Lea unch unch 0 Grand Banks 0.28 unch 253 Jaya Hold Ltd -0.01 K1Ventures Chuan Hup Hldq.... Keppel Corp 10.75 0.01 1462 Mercator
      245 words
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  • EDITORIAL & OPINION
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      Lock icon Iraq war III not a viable option
      503 18 EDITORIAL AGAINST the backdrop of the growing instability and violence in Iraq, US President Barack Obama has been under growing pressure at home and abroad to come to the aid of Iraqi Prime Minister Nouri al-Maliki whose government is fighting for its survival
      503 words
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      Lock icon Five strong reasons for keeping UK in the EU
      888 18  -  REUTERS BREAKINGVIEWS THE BOTTOM LINE By HUGO DIXON IT IS not just Britain which would be damaged if it quit the European Union. So would other members. Jean-Claude Juncker’s nomination as Commission president at last Friday’s summit increases the chance of
      888 words
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      Lock icon How fast is Africa really growing?
      1010 18  -  Private sector can help improve data collation and accessibility, which is currently lacking By RAZIA KHAN The author is head of Africa research, Standard Chartered Bank FRICA is rising, but poor data availability means that we can’t be sure by how much. China’s customs
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      Lock icon Japan equities look set to rebound
      1028 19  -  Investors may invest gradually instead of trying to time the market to enjoy the benefits of dollar cost averaging By VASU MENON The author is vice-president, wealth management Singapore, OCBC Bank JAPANESE equities as measured by the MSCI Japan index have been a laggard
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      Lock icon The uncertain state of the European Union
      1524 19  -  By JOERGEN OERSTROEM MOELLER The author is Visiting Senior Research Fellow, Institute of Southeast Asian Studies, Singapore, Adjunct Professor at Singapore Management University Copenhagen Business School. He was formerly Denmark’s Ambassador to Singapore THE time may be right to take stock of the
      PHOTO: REUTERS  -  1,524 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Developers in US reviving condo-hotel concept
      1182 20 These projects can attract financing that may not otherwise be available: consultant Bloomberg [LOS ANGELES] Rainer Viete, who visits Florida from Venezuela about once a month, said he’s buying an apartment at the Hyde Resort Residences ho-tel-condo project near Miami so he can order
      Bloomberg; PHOTO: BLOOMBERG  -  1,182 words
    • Article, Illustration
      Lock icon Mapletree’s Viet mall evokes strong response
      429 21  -  Pre-leasing deal signed for 52% of space a year ahead of mall’s completion By SHEENA TAN tsheena@sph.com.sg [SINGAPORE] Mapletree Investments’ first shopping mall in Vietnam has attained pre-leasing commitment for more than half its net lettable area (NLA), way ahead of its scheduled opening
      429 words
    • Article
      Lock icon Mitsubishi Estate bonds lead gains on Olympic hopes
      621 21 Bloomberg [TOKYO] Mitsubishi Estate Co’s bonds gained the most in Japan this year on expectations of a windfall from the 2020 Tokyo Olympic Games for the nation’s biggest developer. The 2 per cent return compares with a 1.9 per cent increase for
      Bloomberg  -  621 words
  • Page 20 Advertisements
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      142 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The business times CLASSIFIED BUY IT SELL IT FIND IT D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D10 HOUSE FOR SALE CLUNY A Diamond Plot!
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      136 20 D11 21 HOUSE FOR SALE LORNIE ROAD 3.5 sty Bungalow Lornie Rd. Near Thomson Rd 7+1 rms ensuites. Approx Land/ Build-in 10,000 sf Spacious $12M up. David 9021 8218 D11 21 HOUSE FOR SALE RAFFLES PARK Raffles Park good class bungalow. 10,290 sq ft. Exclusive enclave. Regular shape. Suitable for
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      125 20 D17 HOUSE FOR SALE LOYANG VIEW 3-Storey Corner Terrace. 5 bedrooms. Land 2158/ Built-in 2562 sqft. VTO. Serious seller. Must view! Call Ezan 9366 7051 (OT) D19 HOUSE FOR SALE UPPER PAYA LEBAR Upp Paya Lebar. Freehold. Corner Terrace 2.5 sty Land 4373 sqft. 5+2 bdrm. Serious seller. Newly Renovated.
      125 words
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      126 20 D07 APARTMENT FOR SALE CITY GATE 30-storey Mixed development. Near MRT. 1 bedroom 2 bedroom 2 bedroom dual key. Showflat open. RSVP now! Low Wei Leong 9488 3888 D09 APARTMENT FOR SALE SCOTTS SQUARE 624 sqft. Studio. High flr. Luxurious decor. "Hotel Like" Stunning city view!! 5 mins to Orchard
      126 words
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      135 20 D9 APARTMENT FOR SALE ORCHARD RESIDENCES 2174 sqft, 3-bedroom. "Heart of Orchard" Above Orchard MRT, ION Shopping Mall. Full facilities. Sole Agent *****098 Joyce Yong (DTZ) D11 21 HOUSE FOR RENT HUA GUAN AVENUE 2-storey attic. 6+1+1, 5000 sqft. Lovely home with pool. Family with pets will be consider. Joyce
      135 words
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      168 21 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The business times CLASSIFIED BUY IT SELL IT FIND IT D17 HOUSE FOR RENT 1 an ':3j..__. _."i"- 1v“ _-2;...-.‘... r w 27A TOH AVENUE Semi-D Newly rebuilt 3500/ 5000 sqft. Zstorey attic. 5+1 bedrooms pool. Available Immediate. Call 9863 5635/ 9727
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      103 21 DRAYCOTT 8 Penthouse, 4+1 4016 sf. Roof terr Interior decor! Superb view! $16K. 8180 3868 Yolanda D10 APARTMENT FOR RENT GARDEN BISHAN Opposite Ai Tong. 2bdrms. Designer decor. Fully furnished. Mid flr, no west sun. Kenny 9790 8884 D20 APARTMENT FOR RENT ICON PASIR PANJANG Price Slashed! Below $2M! TOP
      103 words
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      102 21 D25 WAREHOUSE FOR SALE PRIMZ TOP July!!! Woodlands. 60 years. 1140-1206 sqft. Close to MRT highway. Asking from $4XX psf. 8180 3868 Yolanda D02 SHOP FOR SALE NEIL ROAD TANJONG PAGAR 3 storey shophse Neil Rd 3400 sf. Directly opp MRT with ample parking. Only $5.9M $1735 psf. Sole Agent,
      102 words
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      69 21 D06 OFFICE FOR RENT PENINSULA Best location. City Hall MRT Buses. Interested please SMS 9668 3888 sgproperties@live.com.sg D12 OFFICE FOR RENT ORANGETEE BUILDING OrangeTee Building Toa Payoh Central approx 4300 sqft, Fully fitted. High flr. Walk to Toa Payoh MRT Stn. Avail July Mei Fen *****055 OrangeTee D16 RESTAURANT FOR
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      50 21 D22 WAREHOUSE FOR RENT INTERNATIONAL ROAD 12,000 sq ft B2 Warehouse cum Office near International Road. $1.90 psf neg. Ready lease. Must view! Catherine 9777 3100 RS FOREIGN PROPERTY FOR SALE PATONG PHUKET Rare prime sea front land in Patong Phuket looking for Joint Venture. Resort/ Hotel devt. 9760 9227
      50 words
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  • Article
    Lock icon SHIPPING TIMES
    2223 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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  • Page 22 Advertisements
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      54 22 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping times PLACE YOUR AD HERE THE BUSINESS TIMES Shipping times CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The
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      134 23 mporters coking 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 Can they find your
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4106 24 Transaction date: Jul 3 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 13.3 10.4 8Telecom Vol Day Last Quote --AAT Net M Cap High 160.8 130.4 AIMSAMP Cap Reit 144.5 +1 963
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      Lock icon SGX CATALIST
      435 25 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 Day 1.9 0.9 t Advanced Systems 1 +0.1 500 1 1 1 1.1 19.5 Last Quote Div
      435 words
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      Lock icon UNIT TRUST & FUNDS
      10766 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited 1.58/ EM Local Ccy Bond Aberdeen Asset Mat Asia Limited Global Emerging Markets!** P (*c China Opportunities USD!** Global Emerging Markets USD Global Opportunities USD India Opportunities USD!** China Opportunities
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      Lock icon GLOBALQUOTE
      248 25 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 62 40.5 AVJennings A54.5 +1 4 54.5 53 54 56 3.6 6.4 4.4 201.8 343 215 TanChongInt HK333 +3 156 333 328 330 332 9.7 3.2 3.3
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      Lock icon SGX ETF
      1131 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF 115.1 2 115.1 115.1 115 115.3 525.4 135.5 119 CIMB APAC Div 100S$D 132 -0.5 132 132 130.7 133.3 108.9
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      655 26 Jul 3 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.34 *****.34 *****.32 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****6 Dec14 *****.00 *****.00 *****.00 *****.00 0 ***** MSCI TAIWAN INDEX FUTURES SPOT 342.36 346.09 341.26 Jul14 337.80 341.00 336.80 340.40 ***** *****8 Aug14 335.90
      655 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Jul 2 Index Change Change Change Change Change Change World Preliminary 1245.8 0.2 5.2 0.3 4.5 0.2 5.8 EAFE Preliminary 979.1 0.3 2.4 0.3 2.6 0.2 3.9 Europe Preliminary 1406.4 0.1 3.8
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      476 26 Jul 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.999 5.822 0.686 7.263 55.968 111.837 0.955 9.450 3.002 1.069 92.374 40.855 1.169 10.108 0.833 28.023 30.360 0.546 0.937 Canada 1.001 5.831
      476 words
    • Article
      Lock icon SIBOR
      39 26 Jul 3 (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 3 mths 6 mths 6 mths Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      82 26 Jul 3 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-16 101.27 101.32 101.32 5-Year NX*****W 2.5 01-Jun-19 106.42 106.61 106.60 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon PRECIOUS METALS
      128 26 Jul 03 GOLD(US$/oz) Jul 03 Jul 02 Hong Kong 1326.00 1328.00 Jul 02 Jul 01 London 1328.91 1328.60 1329.68 1329.45 Source: Thomson Reuters Source: Reuters CAST BAR Jul 03 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 51 5gm 317 263 10gm
      128 words
    • Article
      Lock icon PALM OIL
      59 26 Jul 3 Jul 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2440.0 2450.0 2470.0 2440.0 160 1428 Aug 14 2435.0 2440.0 2442.0 2427.0 557 ***** Sep 14 2415.0 2427.0 2428.0 2411.0 ***** ***** Oct 14
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Jul 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1682 1.1696 0.9368 0.9373 Canadian dollar 1.1699 1.1713 0.9387 0.9382 Euro 1.7033 1.7046 1.3659 1.3661 NZ dollar 1.0925 1.0934 0.8761 0.8763 Sterling pound 2.1389 2.1406 1.7152 1.7155
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 26 Jul 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1392.50 1400.00 1410.00 1392.75 Aug 14 1314.75 1327.75 1335.00 1311.25 Sep 14 1180.25 1183.75 1188.25 1173.50 Nov 14 1141.50 1147.50 1152.25 1135.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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    • Article
      Lock icon LIFFE
      95 26 Jul 2 COCOA (£/tonne) Close Prev High Low Jul 14 1957 1962 1967 1936 Sep 14 1931 1935 1954 1908 Dec 14 1914 1917 1925 1893 Mar 15 1904 1908 1926 1883 COFFEE(US$/tonne) Close Prev High Low Jul 14 2047 2007 2059 2015 Sep 14 2047 2016 2065 2006
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      958 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 (’000) Asia-Pacific Strategic W*****6 4 0.5 ***** 1 2 58 Ratio Albedo Limited W*****9 Price Asiatic Grp(Hldgs) Ltd W*****5 2.4 unch 900 0.0 2 14 Asiatravel.com HoldingsW*****7 6.1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Jul 02 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.56 -0.67 WTI (Near Mth) 104.25 -1.08 Dubai (1-Mth F) 107.92 -0.31 Tapis blend 113.58 -0.60 Minas 109.18 -0.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.89 0.28 Jet Kerosene 121.65 -0.01 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Jul 3 S$ Bid Offer 1-month 1.2470 1.2478 2-months 1.2470 1.2478 3-months 1.2470 1.2478 6-months 1.2468 1.2476 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 26 Jul-02 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1896.75 1854.25 3 months 1923.00 1884.00 Copper, Grade A(US$/tonne) Cash 7139.00 7039.50 3 months 7125.00 7020.00 Lead(US$/tonne) Cash 2179.50 2131.25 3 months 2206.50 2160.00 Nickel (US$/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 26 As at 9am Jul 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.204 1.147 Can dollar 1.190 1.145 Euro 1.743 1.660 Sterling pound 2.181 2.098 NZ dollar 1.120 1.077 US dollar 1.272 1.212 Local dollars to 100 units of foreign
      121 words
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      Lock icon INTERBANK RATES
      157 26 Jul 3 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ 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
      157 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon Appy ever after
      1834 27  -  Apps are changing the landscape of the dating game by enabling your cellphone to help you get hooked up and hopefully hitched in record time, reportsRACHEL LOI reportsRACHEL reportsRACHEL LOI rachloi@sph.com.sg @RachelLoiBT IN this age of artificial intelligence where robots can be programmed to have human emotions,
      PHOTOS: PAKTOR  -  1,834 words
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  • CINEMA/TV
    • Article, Illustration
      Lock icon Hitting the high notes
      562 28  -  Irish filmmaker John Carney gets actress Keira Knightley to flaunt her vocal chops in this endearing rom-com, writes DYLAN TAN writes DYLAN TAN LIKE his previous big-screen musical Once, John Carney hits all the right notes in his new indie rom-com-with-a-dif-fernce, Begin Again. It’s the Irish
      PHOTO: CATHAY-KERIS FILMS  -  562 words
    • Article, Illustration
      Lock icon Dark secrets from a desert tomb
      538 28  -  By GEOFFREY EU THERE’S not much room for restraint when it comes to scaring an audience out of its wits, yet the most terrifying scenes are typically those that leave plenty to the imagination. After all, if you’ve seen one film where windows shatter
      PHOTO: JERRY BRUCKHEIMER FILMS  -  538 words
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      Lock icon Plus-sized comic’s roadie romp
      487 28  -  By GEOFFREY EU MELISSA McCarthy is a comedienne who is refreshingly un-selfconscious about roles in which she relentlessly pokes fun at herself. In recent years, she’s carved a comfortable niche by playing the glamour-free klutz and small-town girl with the plus-sized body and R-rated vocabulary with
      487 words
    • Article, Illustration
      Lock icon New HBO series The Leftovers leaves plenty to chew on
      493 28  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT THERE’S a buffet of mysteries in The Leftovers and if the intriguing feature-length pilot, which premieres this Sunday on cable, is anything to go by, there is plenty to chew on and the show is
      PHOTOS: HBO  -  493 words
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  • ARTS/MUSIC
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      Lock icon Intimacy under the stars
      561 29  -  Australian choreographer Natalie Weir celebrates stage partner work in her new piece, Bittersweet writesCHEAH CHEAH UI-HOON uihoon@sph.com.sg AN intimate male and female duet or pas de deux, in ballet-speak will be one of the highlights of Singapore Dance Theatre’s (SDT) Ballet Under the Stars at Fort
      PHOTO: NICOLE THEN  -  561 words
    • Article, Illustration
      Lock icon Reimagined Butterfly on a small stage
      543 29  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT IS Ramesh Meyyappan the most underrated stage talent in Singapore? The deaf actor-director has been honoured with two Best Actor trophies at the Life! Theatre Awards (LTA) for his extraordinary performances in plays which he acted in and directed
      PHOTO: ROSS GILMORE  -  543 words
    • Article, Illustration
      Lock icon Homage to Filipino barbershops
      655 29  -  By CHEAH UI-HOON uihoon@sph.com.sg GET a cut of Philippine street life at a local Singapore gallery next week, as one artist brings the barbershop to life in his paintings and box installations. Manila-based artist Francis Commeyne has taken photographs of barbershop facades in Metro Manila, and
      655 words
    • Article, Illustration
      Lock icon Michaelson hones a new voice with collaborators
      582 29  -  B)’ RACHEL LOI rach|oi@sph.com.sg @Rache|LoiBT WHEN American sing-er-songwriter Ingrid Michaelson released the music video for her latest single, Girls Chase Boys, in February this year, she didn’t quite expect a reaction. Inspired by the clip of Robert Palmer’s classic 1988 hit, Simply Irresistible
      PHOTOS: SONY MUSIC  -  582 words
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  • ARTS
    • Article, Illustration
      Lock icon T-shirt festival fetes self-expression
      710 30  -  By TAY SUAN CHIANG taysc@sph.com.sg @TaySuanChiangBT SINGAPORE’S unofficial national costume, the T-shirt, now has a festival of its own. Tuesday marked the start of the first Singapore T-shirt Festival showcasing the T-shirt as a medium for self-expression and its influence on street culture. The festival, which
      PHOTOS: YEN MENG JIIN  -  710 words
    • Article, Illustration
      Lock icon Paean to Indonesia’s sea gypsies
      684 30  -  Contemporary art pioneer Zai Kuning continues his exploration of Orang Laut, reports HELMI YUSOF ZAI Kuning is throwing knives and choppers at his own artwork. The crowd that has gathered for the opening of his solo exhibition at Ota Fine Arts looks slightly nervous. Already,
      684 words
    • Article, Illustration
      Lock icon Ceramics cross cultures in rare exhibition
      999 30  -  By CHEAH UI-HOON uihoon@sph.com.sg IN a rare cross-border ceramic art exhibition, five artists from the Asean region Singapore, Thailand, Indonesia, the Philippines and Malaysia display their works under one roof in Singapore. And the effect is enlightening especially to any pottery student as the
      PHOTOS: JOANNE LOH  -  999 words
    • Article, Illustration
      Lock icon Spanish artist etches his name in engraving
      499 30  -  By RACHEL LOI rachloi@sph.com.sg @RachelLoiBT SPANISH artist Juan Ripolles may be 82 years old this year but he shows no signs of slowing down. In fact, his calendar is jam-packed with future plans such as a collaborative travelling exhibition through six cities in
      PHOTOS: GALERIE BELVEDERE  -  499 words
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  • WINE
    • Article, Illustration
      Lock icon Ray of light, even in a hailstorm
      1136 31  -  Although inclement weather ravaged the Burgundy harvests of 2013, all was not lost, writes NK YONG writes NK YONG BEAUNE, Sunday June 29, 2014: I was sitting in the living room of the serviced apartment we had rented in Beaune yesterday, Saturday June
      PHOTO: AFP  -  1,136 words
    • Article, Illustration
      Lock icon Is there wood in your burger?
      685 31 [NEW YORK] On June 30, Quartz’s Devin Cohen alerted the world that “There is a secret ingredient in your burger: wood pulp.” Having perused the ingredients lists of McDonald’s, Burger King’s and other fast food chains’ menu items, Mr Cohen noticed that many of
      PHOTO: AFP  -  685 words
    • Around Town
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        Lock icon Outings
        376 31  -  Compiled by gverano@sph.com.sg Georgine Verano gverano@sph.com.sg Flowing With The Meandering Medina: Writers and photographers ShivajaiDas and Yolanda Yu seek to capture the essence of Morocco’s medinas (or old cities) in their photo exhibition, Flowing with the Meandering Medina. The enchanting display features 20 photographs of medinas, ranging from the
        376 words
      • Article, Illustration
        Lock icon Pick of the Week
        184 31 >Cats of The World: Feline lovers rejoice, Cats of The World is back for its eighth annual exhibition. A community project with the aim of spreading the love of cats, this year’s event will not only include its usual photo exhibition, but a feline-themed bazaar as
        184 words
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  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      375 31 CRYPTIC CROSSWORD Across 1 A hundred animals devouring odd items of food (8) 5 Friend trapped in Asian country where this was used destructively (6) 9 Member of teenage group changing style with diffidence (8) 10 Relation needing a bit of money to cross America (6) 12 One insect’s nipped
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      Lock icon Page 32 Advertisements Column 1
      115 32 Audi Vorsprung durch Technik GOOD The future's bright. Audi Matrix LED. The world's most advanced headlight technology. With almost a billion different high beam configurations, Audi Matrix LED puts next generation technology at the heart of your driving experience. Detecting oncoming cars to prevent unwanted glare, adapting to bends for
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