The Business Times, 8 July 2014

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Microfilm: NL33180
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, July 8, 2014
    25 words
  • Article, Illustration
    Lock icon MOM minister backs COI’s findings on riot
    760 1  -  ‘Systemic dissatisfaction’ with employment, living conditions not the underlying cause By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] The underlying cause of last December’s Little India riot was not “systemic dissatisfaction” with their employment and living conditions among foreign workers in Singapore. This was a
    FILE PHOTO  -  760 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,291.57 (+19.32) GST INDEX FUTURES 3,288.00 (+19.00) GSIMSCI 374.62 (+1.67) GSIMSCI FUTURES 374.10 (+1.20) US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.715 2.138 EURO (US$/S$/€ 1.359 1.694 Foreign currency per US$ S$ YEN 102.00 81.10 RM 3.188 2.557 HK$ 7.750 6.217 BAHT 32.40 25.99 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Monday Change KL COMP 1,892.50 +7.59 NIKKEI 225 15,379.44 -57.69 HANG SENG 23,540.92 -5.44 SET INDEX 1,503.21 +7.38 JAKARTA COMP 4,989.03 +83.21 MANILA COMP 6,999.10 +36.82 SEOUL COMP 2,005.12 -4.54 SHENZHEN B 851.31 +4.99 MUMBAI IND 26,100.08 +138.02 12 noon EDT Change DOW 17,003.26 -65.00 NASDAQ 4,452.88 -33.05
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE MALAYSIA HONG KONG HONG KONG 6.55 5.00 INDONESIA 15.251 KOREA 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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  • Article, Illustration
    Lock icon Govt to ensure contracting model for buses is viable
    801 1  -  Reports by NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] The government will carefully assess potential bus routes and enhancements to service standards as well as consider regular fare increases to ensure the new public bus contracting model remains financially sustainable in the long
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  • Article
    Lock icon LTA to develop threshold for new bus routes
    236 1 [SINGAPORE] The Land Transport Authority (LTA) will develop a framework to establish the criteria that new bus routes will need to meet before they are operated. In Parliament yesterday, Transport Minister Lui Tuck Yew said that the LTA will work on developing
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      78 1 HOCK LOCK SIEW China fear clouding Ying Li valuation? PAGE 7 SME Inc Training trainers the more nuanced way PAGE 10 PROPERTY Strata-titled space beside HDB Hub for sale PAGE 28 COMMENTARY Is Batu Pahat in Johor the next Iskandar? PAGE 21 8"*****1 M *****4 ,j/ Exhibition From 5 to
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  • TOP STORIES
    • Article, Illustration
      Lock icon Host nation’s belief will help them prevail
      495 2  -  BRAZIL VS GERMANY: WHO WILL WIN? LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT Correspondent AFTER busting the budget and spending close to US$12 billion to host what has turned out to be one of the most enthralling World Cups of all time, Brazil is now just
      495 words
    • Article, Illustration
      Lock icon Germans likely to score in set-pieces
      556 2  -  MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT Correspondent BRAZIL’S rendezvous with the World Cup looks set to end when they take on Germany in the semi-finals of the tournament tomorrow morning. The South American hosts of the tournament may find it tough to overcome the Germans in
      556 words
    • Article, Illustration
      Lock icon The BT-Coca-Cola World Cup Charity Drive
      177 2 Brazil vs Germany (4am) JULY 9 Gill McLaren General Manager, Singapore, Malaysia and Brunei, Coca-Cola Singapore Germany have been playing some of their best games this season and I’m sure they will put up a strong fight against Team Brazil for the semi-finals. Let’s
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    • Article
      Lock icon THREE-MINUTE DIGEST
      458 2 Minister backs COI’s findings on riot THE underlying cause of December’s Little India riot was not “systemic dissatisfaction” with their employment and living conditions among foreign workers in Singapore. FRONT PAGE Govt to ensure success of bus model THE government will carefully assess potential bus routes and enhancements
      458 words
    • Article, Illustration
      Lock icon No vulnerabilities in SingPass system
      474 3  -  Perpetrator could have obtained users’ passwords through other ways: Yaacob YESTERDAY IN PARLIAMENT By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] The government has concluded that there were no vulnerabilities in the SingPass system after investigating last month’s breaches of some 1,560 accounts. Speaking in Parliament yesterday,
      474 words
    • Article
      Lock icon Anti-haze Bill seeks up to $2m in criminal fines
      401 3  -  By RAPHAEL LIM raphlim@sph.com.sg [SINGAPORE] Companies found guilty of causing haze in Singapore could face criminal fines of up to $2 million, going by the proposed legislation tabled by the Ministry of Environment and Water Resources in Parliament yesterday. Under the
      401 words
    • Article
      Lock icon Tenaga stake in power plant annoys Mitsui
      753 3  -  1MDB’s move could lead to blockade of funds by Japan bank By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT [SINGAPORE] Malaysia’s multibillion-ringgit coalfired power plant project, led by state-backed 1Malaysia Development Bhd (1MDB), has hit a bump with a last-minute push to rope in national utility
      753 words
  • Page 2 Advertisements
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      244 2 Permanent Establishments: Detecting and Minimising Unintended Tax Liabilities The unintended creation of Permanent Establishments (PEs) is a continuous and growing concern for companies with overseas operations. Many discover that they have accidentally created a PE which puts them in a country's tax net. With this in mind, are you absolutely
      244 words
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      119 2 /If u f ii f ft rau 1912 i GranTorino, designed by Jean-Marie Massaud PROOF LIVING Scotts Square #03-08/10, 6 Scotts Road, Singapore *****9 ph: +65 6636 0080 poltronafrauOproof.com.sg www.proof.com.sg Guess the score win a Sony 4K TV! Brazil vs Germany Sony X8500B 55” Here’s your chance to be the
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      193 3 ASHRIDGE m. Different. We are. m mm h When you embark on the Ashridge EMBA, you will discover how to find real answers to the real challenges that you will face in business today. This EMBA is the real thing. The real EMBA. Executive Masters in Business Administration Awarded by
      193 words
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      195 3 WORLD’S FINEST SERVICED OFFICES SERVICED OFFICES For the 1-10 person business v Fully furnished prestigious offices v Business registration offices available v Dedicated receptionist answering your calls the way you would like v Meeting rooms, bilingual secretaries v Global IT infrastructure v 5 days free at any location across the
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Ascott Reit makes forays into KL, Wuhan and Xi’an
      599 4  -  Acquisition of three serviced residences for a property value of $173.9m Reports by LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT ASCOTT Reit has signed conditional deals to acquire its first serviced residences in Kuala Lumpur and the Chinese cities of Wuhan and Xi’an for
      599 words
    • Article
      Lock icon China govt travel rules seen to benefit serviced residences
      479 4 CHINA’S anti-corruption crackdown, which has seen it cut government officials’ travelling and entertainment budgets, may actually be a good thing for serviced apartments, Ronald Tay, the chief executive officer of Ascott Reit’s manager, told the media and analysts yesterday. This is
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    • Article, Illustration
      Lock icon Don’t IPO until you have a following: Koh Boon Hwee
      724 4  -  There’re many other ways to get funding, he tells young Indonesian entrepreneurs By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT INVESTOR Koh Boon Hwee had this message for the children of Indonesian entrepreneurs last week: Don’t be too hasty to sell shares in
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    • Article, Illustration
      Lock icon KepLand raises stake in Vietnam property project
      398 5 Holding to be raised from 55% to 98% for development’s remaining phases KEPPEL Land, which owns 55 per cent of a residential development project in Vietnam known as The Estella, has entered into a deal to raise the stake to 98 per cent
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    • Article, Illustration
      Lock icon More Asian firms feel alienated by primary banks
      301 5  -  By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT MORE top Asian institutions are looking to walk away soon from their primary banks compared to six months ago, a survey by East Partners showed. But at the end of the spectrum, the number of Asian firms
      Source: East & Partners  -  301 words
    • Article
      Lock icon Proposed DBS senior unsecured notes get expected AA- rating
      244 5  -  By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT FITCH Ratings and Moody’s Investors Service have assigned an expected rating of AA-(exp) and an Aa2 foreign currency debt rating, respectively, to DBS Group Holdings’ (DBSH) proposed US dollar-denomi-nated senior unsecured notes. Fitch’s rating is on
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    • Article
      Lock icon Q&M Dental unveils plans to boost presence in Asia
      339 5  -  BY KELLY TAY ke||ytay@sph.com.sg @Ke||yTayBT Q&M Dental Group is ramping up its overseas presence in Asia, particularly in China and Malaysia. It unveiled this yesterday as it announced the completion of its 108 million yuan (S$21.7 million) acquisition of a 60
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    • Article
      Lock icon China fear clouding Ying Li valuation?
      886 7  -  HOCK LOCK SIEW By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT INVESTORS would typically be excited when a stronger entity takes a stake in a company. Especially when the stronger entity is linked to state-owned conglomerate China Everbright Group, and the company in question is a property
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    • Article
      Lock icon Linc Energy to build UCG plant in Poland
      505 7  -  It expects UCG to change Europe’s energy landscape By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT MAINBOARD-listed Linc Energy will be starting underground coal gasification (UCG) operations in Poland, in what the firm said could transform the current energy landscape in Europe. The oil and
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    • COMPANY BRIEFS
      • Article
        Lock icon Wee Hur unit awarded land parcel for $76.9m
        83 7 WEE HUR Development Pte Ltd, a subsidiary of Wee Hur Holdings, has been awarded a land parcel at Woodlands Avenue 12 by the Urban Redevelopment Authority at a tendered sale price of $76,900,000. The land parcel’s lease is for 30 years. This
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      • Article
        Lock icon Hotel Grand Central unit gets NZ go-ahead
        145 7 GRAND Central (NZ) Ltd, a unit of Hotel Grand Central Limited, has been given the go-ahead by the New Zealand government to redevelop the site of the previous Hotel Grand Chancellor and Cashel Street retail and carpark in Christchurch. The government will lease
        145 words
      • Article
        Lock icon Innopac posts Q1 loss of $2.5m
        76 7 INNOPAC Holdings posted a net loss of $2.5 million for the first quarter ended March 31, 2014, against a profit of about $5 million for Q1 2013. Revenue for the quarter fell from $4.7 million in the corresponding period the year before to $125,000.
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      Lock icon Page 4 Advertisements Column 1
      66 4 www.comexshow.com.sg SINGAPORE’S LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IS BACK! 28 31 August 2014 SUNTEC Singapore Levels 3, 4 6 Sell your tech products services to over 600,000 consumers directly Leverage on an unrivalled publicity campaign Book Your Space NOW! *Limited BoothsAvailable (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR,
      66 words
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      151 4 1 C \< 7C\ /SueaU ■air Singapore Gifts Premiums Fair 2014 16-18 July 2014 Marina Bay Sands, Singapore r> ii* vP 5 3 Visit to Win! O O More than $15,000 worth of prizes up for grabs! Be rewarded with DOUBLE chances to win A attractive prizes if you pre-register
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      93 4 Sri Lanka Hospitality Investment Conference 25-27 August 2014 Colombo, Sri Lanka A New Era Uncovering your next hospitality investment opportunity in Sri Lanka Why Sponsor? Showcase your products and services to hospitality investors and hotel management groups Be recognized as a leader in your industry Face to face meetings with
      93 words
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      25 4 JULY ISSUE OUT NOW! Breakfast with >>> AUGUST 2, 2014 (SATURDAY) If you have yet to experience Kia, now’s the time. SIGN UP NOW AT WWW.TORQUE.COM.SG/EVENTS
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      122 5 I in ast knowled br furnishing us cover more markets.” Chan Chong Beng Chairman, Goodrich Gloffil m-m Soo, 54 Customer Support Manager |l I ■BPI MICA ■.A V Tap into a wealth of experience With years of experience and know-how, older workers are assets to any employer. They have the
      122 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI up 19 points in thin trading
      616 6  -  Poor liquidity shows the broad market is weaker than the index reading would suggest STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THANKS mainly to the Jardine group and the banks UOB and DBS, the Straits Times Index (STI) climbed 19.32 points to 3,291.57
      Source: Bloomberg  -  616 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jul 7 VALUE CLOSE BT OB/OS 99.00 +54.00 BT CADI -*****.00 -15.00 BT 10-day MA -*****.00 +10.00 FTSE ST Mid Cap 776.79 -1.91 FTSE ST Small Cap 565.18 +0.89 FTSE ST All Share 803.48 +3.38 FTSE ST China Top 200.12 -0.27 FTSE ST China 226.36 -0.09 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME Transcu Grp 67,744,000 GlobalYellowPgs 58,373,000 Equation 49,910,000 Compact Metal 40,311,000 Adventus 37,987,000 Vallianz 37,939,000 IHC 34,394,000 W Corp 34,239,000 SIIC Environment 28,473,000 KimHeng Offshore 27,301,000 VALUE($) UOB 65,146,680 DBS Grp 49,298,870 SingTel 37,405,390 HongkongLand USD 22,960,204 Global Logistic 22,588,440 OCBC Bank 22,129,210 CapitaMall Trust 19,345,800 Keppel
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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 10 2 3 0 0 0 10 2 3 Manufacturing 47 44 39 6 10 8 53 54 47 Commerce 20 23 22 0 10 2 20 33 24 Tpt/Stor/Comms 16 13 15
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,329 32,329 40,902 40,902 Manufacturing 358,690 176,189 534,879 98,080 9,753 107,833 Commerce 73,350 106,119 179,469 54,913 9,467 64,380 Tpt/Stor/Comms 95,736 2,766 98,502 99,303 321 99,623 Finance 21,918 452 22,370 145,930 136 146,066 Construction 30,892 17,115
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      869 6  -  Compiled by CAI HAOXIANG Venture Corporation July 7 close: S$7.77 Maybank Kim Eng Research, July 3 UNLIKE in the past, the latest two customer M&As involving two medical customers and a top 20 customer MICROS could bring in some good. Also, a previously-an-nounced M&A involving another top 20
      Source: Bloomberg  -  869 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      122 6 Stock name Close Change Ascendas Reit 2.320 CapitaLand 3.190 +0.010 CapitaMall Trust 1.935 -0.005 CityDev 10.22 +0.040 ComfortDelGro 2.500 -0.010 DBS Grp 17.16 +0.080 Genting Sing 1.335 +0.005 Global Logistic 2.720 +0.020 Golden Agri-Res 0.555 +0.005 HPH Trust USD 0.730 +0.005 HongkongLand USD 6.600 -0.060 JMH
      122 words
    • Article, Illustration
      Lock icon Yen reaches week high against euro; rupiah surges
      553 6 CURRENCIES Bloomberg [LONDON] The yen advanced to its strongest level in a week against the euro as weaker stocks boosted demand for the Japanese unit as a haven. The dollar reached the highest since June 26 versus the euro as Goldman Sachs
      Bloomberg; PHOTO: AFP  -  553 words
    • Article
      Lock icon RISES
      114 6 BY CENTS CLOSE UP Lyxor Indonesia10US$ 9115 370.2 3.4 JMH 400 USD 6070 149.6 2.0 JSH 500 USD 3701 113.4 2.5 Jardine C&C 4552 104.0 2.3 DBXT MSINDO 10us$ 1447 57.3 3.3 DBXT iBoxxSvEu 5US$ ***** 57.3 0.2 DBXT FTVietnam 10US$ 2797 39.9 1.2 UOB.ES.1407 2359 27.0 1.2 DBXT
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    • Article
      Lock icon FALLS
      126 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -97.2 -0.6 DBXT iBoxxUSTr 5US$ ***** -67.3 -0.3 Great Eastern 2271 -55.0 -2.4 DBXT iBoxxKR 5US$ ***** -41.1 -0.2 DBXT USDIGInfl 5US$ ***** -39.9 -0.1 Lyxor ThaiSET 10US$ ***** -39.9 -0.2 DBXT E50 10US$ 5536 -34.9 -0.5 DBXT MSJAP 10US$ 4774 -28.7
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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  • Page 7 Advertisements
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      310 7 Find Next-Gen Business Solutions to achieve your k business goals more A effectively! ASIA www.OfficExpoAsia.com 16 18 July 2014 10:30am 6.30pm (Wed Thurs) 10:30am 5.30pm (Fri) Marina Bay Sands Expo Convention Centre, Singapore Level 1, Hall B Learn about the cloud advantage for your business! Increase productivity, cost savings, and
      310 words
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      175 7 Destination: Global Markets First Stop: IP Week SG Building a Competitive Edge with Intellectual Property W 25 to 27 August 2014 Marina Bay Sands Expo and Convention Centre Chart your success in today’s global markets and join C-suite executives, business leaders, IP thought leaders and community at the premier global
      175 words
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  • SINGAPORE NEWS
    • Article
      Lock icon H1 electricity demand here still strong
      446 8  -  But gencos worry about electricity pool prices falling below their feedstock costs By RONNIE LIM ronnie@sph.com.sg ELECTRICITY demand here stayed strong in the first half of the year, going by industry estimates, although Singapore gencos are concerned that over-ca-pacity with power supply far exceeding
      446 words
    • Article
      Lock icon Zurich Life Insurance launches multi-currency protection plan
      327 8  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT ZURICH Life Insurance (Singapore) has launched its first multi-currency protection plan that offers customers especially business travellers, expatriates and those who travel frequently the ability to maintain their policy from any location, and the option to pay premiums
      327 words
    • Article, Illustration
      Lock icon NTU- Imperial medical school gets new dean
      308 8  - NTUImperial medical school gets new dean By SHEENA TAN tsheena@sph.com.sg RENOWNED endocrinologist James Best has been appointed the new dean of the joint medical school of Nanyang Technological University (NTU) and Imperial College London. This comes as the Lee Kong Chian School of Medicine (LKCMedicine) is to take in its
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    • Article
      Lock icon Brazil-based property developer EcoHouse on MAS Investor Alert List
      310 8  -  BY KELLY TAY l<e||ytay@sph.com.sg @Ke||yTayBT THE Monetary Authority of Singapore (MAS) has placed the EcoHouse Group on its Investor Alert List (IAL). The MAS would not say when EcoHouse a Bra-zil-based property development firm which builds in-vestor-funded housing for Brazilian families
      310 words
    • Article, Illustration
      Lock icon Robot that can park hospital beds in tight spots wins $250,000 grant
      421 8  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT A FIRST-of-its-kind robot that can help steer a hospital bed and manoeuvre it to park in tight spots has won a $250,000 proof-of-concept (POC) grant from the National Research Foundation (NRF). The robot
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    • Article
      Lock icon For Asian tycoons, business growth is top priority
      387 8  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT WEALTHY business owners in Asia, Africa and the Middle East are most focused on growing their companies, according to a Standard Chartered Private Bank and Campden Wealth Research report released yesterday. With building a successful business the
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      31 8 4Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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  • GOVERNANCE: YOUR STRATEGIC EDGE
    • Article, Illustration
      Lock icon Moving up in the governance stakes
      980 9  -  S’pore firms are ranking higher in corporate governance studies, but there’s still room for improvement.FRANCIS KANreports FRANCIS KAN WHILE Singapore companies are generally faring better in their efforts to be more transparent compared to their regional counterparts, they still fall short of best practices
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    • Article
      Lock icon How such rankings can help
      365 9 PHILIP Yuen, the chief executive officer of Deloitte Singapore, says corporate governance rankings are important in helping companies here improve their transparency and governance practices. “These rankings generally do well in providing an overview of where these companies stand in terms of corporate governance not
      365 words
  • Page 9 Advertisements
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      145 9 CPA FORUM 2014 QUALITY GOVERNANCE YOUR STRATEGIC EDGE Which Singapore companies are the most well-governed and transparent? How do they fare against corporate governance and transparency practices of their listed peers? Join us for the CPA Forum on Thursday 24 July as the latest annual rankings are released in the
      145 words
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  • SME Inc
    • Article, Illustration
      Lock icon Teaching the more nuanced way
      1055 10  -  Jessline Yap’s job as an ‘adult educator’ involves coaching firms’ in-house trainers, reports JAIRA KOH THE most rewarding part of training trainers is seeing students move past a blanket approach to teaching to developing a more nuanced technique, says Institute for Adult Learning (IAL) adjunct
      PHOTO: ARTHUR LEE  -  1,055 words
    • Article
      Lock icon The importance of doing nothing
      1254 11  -  Slacking off may turn out to be the best way to resolve complex issues COMMENTARY By MANFRED KETS DE VRIES The writer is distinguished professor of leadership development and organisational change at Insead and programme director of The Challenge of Leadership, one of Insead’s executive
      1,254 words
    • Article, Illustration
      Lock icon Worker training – wherever, whenever
      896 11  - Worker training wherever, whenever WTP’s on-the-job training has great benefits: Zingrill By KARA QUEK GETTING on board the Workplace Trainer Programme (WTP) bandwagon allowed restaurant operator Zingrill Holdings to use on-the-job training programmes to improve its inhouse training system for new employees. Zingrill, which owns restaurant brands such as Seoul
      PHOTO: ARTHUR LEE  -  896 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      63 10 Flexible working Investment opportunities for your property 7m thi Maximise the potential of your property by becoming part of the world’s largest flexible workspace network. We’re interested in a whole range of space, including traditional office buildings but a lot more besides from the CBD to retail parks, shop houses
      63 words
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      Lock icon Page 10 Advertisements Column 2
      28 10 klSS92 FM place one songs great the All S m z 5f 8a Z IN THE MORNING WEEKDAYS 6AM-10AM-D facebook.com/kiss92fm J#-@kiss92fm www.kiss92.sg f tm o news.omy.sg www.omy.sg m
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      70 10 HOT PROPERTY SfSS «r C G S o!a H L E t t2300sfGrd Parking Near MRI?^ e A d mple s d 7 R main rd annn i S Fac,n g trades wePco 0 m d e.$S 9 n e e g AI1 CENTRAL SHOP SPACES FOR RENT Check this
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  • Page 11 Advertisements
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      125 11 i aj VA V 4 iA A K YL m INNOVATIVE Want to create greater value for your customers and staff? Build a culture of innovation where staff contribute ideas to re-invent processes and develop new products, resulting in improved productivity, customer experience and growth. sv V. FOR 20 YEARS,
      125 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon E&O taking its wellness concept to Klang Valley
      496 12  -  It buys Elmina West land from parent Sime Darby for township project By PAULINE NG in Kuala Lumpur EASTERN Oriental Bhd (E&O) plans to take the concept of wellness living planned for its Iskandar Avira development in Johor to the Klang Valley.
      496 words
    • Article, Illustration
      Lock icon Indonesians face stark choice in pivotal presidential vote
      589 12 AFP [JAKARTA] Indonesians vote tomorrow in the country’s most pivotal presidential election since the downfall of dictator Suharto, with Jakarta governor Joko Widodo, popularly known as Jokowi, and an ex-gener-al with a chequered human rights record in a tight race. Voters face
      AFP; PHOTO: AFP  -  589 words
    • Article
      Lock icon KL palm oil stock in June seen rising
      319 12 Bloom berg [KUALA LUMPUR] Palm oil stockpiles in Malaysia, the biggest supplier after Indonesia, probably climbed for a fourth month as output rose to the highest level for June since 2011. Reserves increased to 1.86 million tonnes from 1.84 million tonnes in
      Bloomberg  -  319 words
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      2804 12 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices OLD CHANG KEE LTD. (Incorporated in the Republic of Singapore on 16 December 2004) (Company Registration No. *****6190W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Republic
      2,804 words
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon China’s growth in Q2 faster than in Q1: Li Keqiang
      415 13 Further support measures still needed, he says during Merkel visit Reuters [BEIJING] China’s economic growth quickened in the second quarter from the previous three months, but further modest government support measures will still be needed, Premier Li Keqiang said yesterday.
      Reuters; PHOTO: AFP  -  415 words
    • Article
      Lock icon Volkswagen to build Qingdao, Tianjin plants for 2b euros
      284 13 Move fits in with plans to overtake Toyota as world’s largest carmaker by 2018 Bloomberg [SHANGHAI] Volkswagen AG, which outsold General Motors Co in China last year, will invest two billion euros (S$3.4 billion) to construct two new vehicle plants in
      Bloomberg  -  284 words
    • Article
      Lock icon Indebted companies in India rush to the market
      843 13 Equity issues may hit US$16b as Modi effect lifts stocks Re uters [MUMBAI] Several private Indian firms want to pay off debts by raising up to US$5 billion this year through share sales, emboldened by a surge in the stock market and
      Reuters  -  843 words
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      1755 13 GAYLIN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration No: *****4068M NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Jurong Country Club, Albizia Room, 9 Science Centre Road, Singapore *****8 on Wednesday, 23 July 2014
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  • WORLD
    • Article, Illustration
      Lock icon Suspected US spying a serious issue: Merkel
      429 14 It goes against spirit of US-Germany cooperation, she says on Beijing visit AFP [BEIJING] German Chancellor Angela Merkel yesterday said that allegations of spying by a suspected US double agent are serious, after ministers in her government called for a swift response from
      AFP; PHOTO: REUTERS  -  429 words
    • Article
      Lock icon Central banks return to art of dodging
      924 14 Communication style changes after candid talk led to trouble Reuters [TOKYO] The world’s major central banks are returning to a more opaque and artful approach to policymaking, ending a crisis-era experiment with explicit promises that they found risked their credibility and did not
      Reuters  -  924 words
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      Lock icon France’s recovery is becoming a major worry
      680 14 NYT [PROVENCE, France] As Europe struggles to move past the worst of its debt crisis, France has increasingly become a worry. The economy has been hovering too long near stagnation, economists warned at an economics conference here on Sunday, saying that unless the
      NYT; PHOTO: BLOOMBERG  -  680 words
    • Article
      Lock icon UK firms’ risk appetite dips as polls loom
      410 14 Reuters [LONDON] Major British companies’ risk appetite has edged lower over the past three months as elections in 2015 and the prospect of a referendum on leaving the European Union loom, a quarterly survey by accountants Deloitte showed yesterday. Large companies are
      Reuters  -  410 words
    • Article
      Lock icon Wall St risk-takers still betting on block-trading
      666 16 Some recent deals have left companies at risk for losses Bloomberg [NEW YORK] Gus Levy, who ran Goldman Sachs Group in the 1970s, used to stomp around the trading floor proclaiming that his bank wasn’t relevant if it lost out on a block
      Bloomberg  -  666 words
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      Lock icon US economy resembling 70s with slowing productivity
      843 16 A sudden downshift in productivity growth had led to a rise in inflation Bloomberg [WASHINGTON] Federal Reserve chair Janet Yellen faces an economy that is starting to look more like Arthur Burns’ in the 1970s than Alan Greenspan’s in the 1990s. Productivity growth
      Bloomberg  -  843 words
    • Article, Illustration
      Lock icon US anti-GMO campaigners hope to engineer label laws
      588 16 AFP [PORTLAND] Two decades after genetically modified foods first hit the shelves of American supermarkets, a fight is sprouting over whether consumers should be told more about what’s in their grocery bags. Even though most processed foods now contain at least one
      AFP; FILE PHOTO  -  588 words
    • Article
      Lock icon Defensive trade a losing strategy in US stock market
      657 17 Chip firms, consumer shares lead gains, replacing soapmakers and utilities Bloomberg [NEW YORK] For the third straight year, rotating into defensive industries is proving to be a losing strategy in the US equity market. Chip companies led by Micron Technology Inc
      Bloomberg  -  657 words
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      Lock icon Devices with screens seen as next advertising frontier
      599 17 Such gadgets can serve as a platform for marketers Bloomberg [SAN FRANCISCO] Even before wearable technology gains widespread popularity, advertising companies are devising ways to deliver marketing messages directly to people who don watches, glasses and headgear that double as computers. Case
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    • Article
      Lock icon Mexico set to overtake Brazil as Latin America’s top carmaker
      415 17 Bloomberg [MEXICO CITY] Mexico is poised to overtake Brazil as the top Latin American car producer for the first time in more than a decade as surging exports to the US spur factory openings and record output. After nosing ahead
      Bloomberg  -  415 words
    • Article
      Lock icon Aussie firm Aristocrat in US$1.3b American acquisition
      325 17 Bloomberg [SYDNEY] Aristocrat Leisure agreed to buy Video Gaming Technologies for about US$1.3 billion to triple its North American business amid falling profit in Australia. The purchase of closely held Franklin, Tennessee-based Video Gaming Technologies by the Sydney-based gambling machine supplier will be
      Bloomberg  -  325 words
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      Lock icon Naver founder takes on WhatsApp with Line
      612 18 Korean billionaire says he may list it in Tokyo or New York to fund expansion Reuters [SEOUL] The billionaire founder of web portal operator Naver Corp has beat back Google Inc to leave South Korea as one of a few countries where the
      Reuters; PHOTO: TREVOR TAN/THE STRAITS TIMES  -  612 words
    • Article
      Lock icon Okinawa on highest alert for super typhoon
      369 18 AFP [TOKYO] Japan’s weather agency yesterday extended its highest alert to Okinawa’s populous main island as super typhoon Neoguri approached the southern chain, saying it may be one of the worst storms in decades. The top-level warning means the typhoon poses a threat
      AFP  -  369 words
    • Article
      Lock icon 5 new banks get nod to set up shop in Britain
      298 18 Another 25 potential banking applicants interviewed: officials Reuters [LONDON] Britain’s regulators have given the green light to five new banks since easing rules a year ago for new entrants to challenge the handful of lenders who dominate the high
      Reuters  -  298 words
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      1342 14 THE BUSINESS TIMES NOTICES Toll free 1800-289-8822 Email notlces@sph.com.sg www.sphdass.com.sg/notices IN THE GRAND COURT OF THE CAYMAN ISLANDS FINANCIAL SERVICES DIVISION CAUSE NO.FSD 0061 OF 2014 IN THE MATTER OF THE COMPANIES LAW (2013 REVISION) AND IN THE MATTER OF CHINA ORIENWISE FINANCIAL HOLDING LIMITED TAKE NOTICE that a petition
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      2616 15 Surface Mount Technology (Holdings) Limited Company Registration No. ***** (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Surface Mount Technology (Holdings) Limited (the “Company”) will be held at Amber Room, Level 3, Grand Mercure Roxy Hotel, 50
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      2199 15 BIOSENSORS INTERNATIONAL BIOSENSORS INTERNATIONAL GROUP, LTD. (Incorporated in Bermuda as an exempted company limited by shares) (Company Registration Number: *****) NOTICE OF 2014 ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2014 Annual General Meeting (“AGM”) of Biosensors International Group, Ltd. (the “Company”) will be held at Level 3,
      2,199 words
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      1327 16 The Business Times Ik IT I 1 Toll free 1800-289-8822 I I Email noticescasph.com.sg I V i B j j www.sphclass.com.sg/notices Mary Chia Holdings Limited (Incorporated in the Republic of Singapore) (Registration No: *****7634N) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting ("AGM") of
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      497 16 In the Matter of The Companies Act, Cap. 50 And In The Matter of SEA-GLOW INVESTMENT PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****2573E) At an Extraordinary General Meeting of the Company duly convened and held at L17 1 Bligh St, Sydney on 2 July 2014 at 11:10
      497 words
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      1369 17 HIAP TONG CORPORATION LTD. Company Registration No. *****0657N Incorporated in the Republic of Singapore NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Sixth Annual General Meeting of Hiap Tong Corporation Ltd. will be held at Kallang Theatre, Orchid Room (Level 1), Stadium Walk, Singapore *****8 on Thursday,
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      32 18 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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  • AVIATION/SHIPPING
    • Article
      Lock icon Charge your phones and laptops before taking a US-bound flight
      680 19 Passengers may be asked to switch on devices before boarding, says TSA AFP [WASHINGTON] Air travellers with smartphones or other electronic devices must be able to turn them on to take them aboard under new security measures, US authorities have
      AFP  -  680 words
    • Article, Illustration
      Lock icon Train mishap may not hit Boeing schedule
      502 19 Reuters [NEW YORK] Boeing will easily recover financially from a 19-car train derailment in Montana last week that sent three fuselages for its popular 737 jetliner tumbling down a steep embankment towards a river and damaged other plane parts, analysts said. The 90-car
      Reuters; PHOTO: REUTERS  -  502 words
    • Article
      Lock icon TRANSPORT STOCKS
      241 19 SGX '000 Jul 7 S$ +/-Vol Ch Offshore 0.45 -0.01 32 Chuan Hup Hldg 0.29 0.01 168 Cosco Corp 0.72 unch 596 Cwt Limited...............1.76 unch 403 First Ship Lea Grand Banks 0.29 unch 118 Jaya Hold Ltd 0.04 unch ***** K1Ventures 0.20 unch 4909 Keppel Corp 10.82 0.05
      241 words
    • Article
      Lock icon Stalled Mumbai airport highlights India’s infrastructure woes
      459 19 Bloomberg [NEW DELHI] India began planning a second airport for Mumbai when Bill Clinton was still US president. Seventeen years later, bidding on the project has yet to start. A river still meanders across the marshy land where as many as 60 million
      Bloomberg  -  459 words
    • Article
      Lock icon Accidents raise safety questions on HK waters
      739 19 Container ships compete for space with fishing boats AFP [HONG KONG] Hong Kong is one of the world’s busiest ports, but as a growing number of container ships compete with fishing boats for space in an ever-shrink-ing harbour, a spate of accidents has
      AFP  -  739 words
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      323 19 CRYPTIC CROSSWORD Across 1 Any thug could become wayward (7) 5 Dedicated diet regularly ticked the box for Cameron perhaps? (7) 9 Snack item crisis is going for peanuts initially (5) 10 Where one worships domestic animal the man had? Really, on a regular basis! (9) 11 Top actress excited
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  • EDITORIAL & OPINION
    • Article
      Lock icon Australia gets tough on tax-dodging MNCs
      493 20 EDITORIAL THE Australian government seems to have finally resolved to tackle the hard business of getting large multinational corporations to pay their fair share of local taxes. If news reports are accurate, there will soon be new legislation to curb the phenomenon of “thin
      493 words
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      Lock icon US political system is still a work in progress
      760 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writer’s Group I AM reading historian Gordon Wood’s splendid Empire of Liberty: A History of the Early Republic, 1789-1815. It was an ideal companion for the July 4 weekend because it reminds us
      – The Washington Post Writer’s Group  -  760 words
    • Article, Illustration
      Lock icon Megacities: Hotbeds for innovation, progress
      1052 20  - Megacities: Hotbeds for innovation progress The unprecedented growth of Asia’s urban centres presents challenges and opportunities By CÉSAR CERNUDA The writer is president of Microsoft Asia Pacific THE world’s cities are booming and it only takes a cursory glance at the news to know the growth projections are nothing short
      PHOTO: BLOOMBERG  -  1,052 words
    • Article, Illustration
      Lock icon Is Batu Pahat in Johor the next Iskandar?
      1569 21  -  Developing the area could signify the northward expansion of the Singapore-Johor megalopolis By MADHU NARASIMHAN JONATHAN S WEINTRAUB The writers are American Fulbright Scholars based in Malaysia ON July 30, the Iskandar Malaysia economic corridor will celebrate its eighth anniversary. Thus far,
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      Lock icon India’s path to becoming a preferred investment stop
      931 21  -  By RICHARD REKHY The writer is CEO ofKPMG in India and member of Global Board of KPMG International INDIA’S newly elected Prime Minister Narendra Modi reflected upon his one month in office. Apart from other things, he emphasised the larger vision for
      PHOTO: AFP  -  931 words
    • Article
      Lock icon Many obstacles in the way of retail investors
      608 21 LETTER TO THE EDITOR I REFER to the Hock Lock Siew (HLS) commentary “Attracting retail investors: mindset change needed” (BT, July 2). After having been systematically shut out in the cold over the past many years, small investors may be forgiven for
      608 words
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  • Article
    Lock icon SHIPPING TIMES
    1217 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
    1,217 words
  • Page 22 Advertisements
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      81 22 Experienced ship maintenance findyou y r I services services wanted, here mthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I IIL UUJIHLJJ I IIVILJ Shipping Times Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4202 23 Transaction date: Jul 7 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
      4,202 words
    • Article
      Lock icon SGX CATALIST
      447 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 32 23 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net M Cap High 13.3 2.1 t Artivision Tech 11.6 unch
      447 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10459 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** a Cl A Aberdeen Asset Mgt Asia Limited 1.58/ APS Alpha Fund (USD)!* EM Local Ccy Bond Aberdeen Asset Mat Asia Limited Global Emerging Markets!** cev 0.9871/ Global Opportunities USD India Opportunities USD!** Indonesia Equity
      10,459 words
    • Article
      Lock icon GLOBALQUOTE
      249 24 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 41.5 AVJennings A57.5 +3 14 57.5 56.5 57.5 60.5 3.6 6.1 4.7 212.9 Company 343 215 TanChongInt HK325 -8 729 328 325 324 329 9.7 3.2
      249 words
    • Article
      Lock icon SGX ETF
      1101 24 52-Wk LAST Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF Company 135.5 119 CIMB APAC Div 100S$D 132.7 +0.5 132.7 132.7 131.4 134 108.9 94 CIMB APAC Div 100US$ US106.9
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      649 25 Jul 7 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.49 *****.77 *****.44 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****8 Dec14 *****.00 10 ***** MSCI TAIWAN INDEX FUTURES SPOT 344.18 345.95 342.79 Jul14 340.60 341.40 338.60 341.40 ***** *****7 Aug14 337.90 338.80 336.30 338.90
      649 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jul 4 Index Change Change Change Change Change Change World Preliminary 1252.1 0.0 5.7 -0.2 4.7 0.0 6.2 EAFE Preliminary 984.8 -0.1 3.0 -0.2 2.6 -0.1 4.1 Europe Preliminary 1415.2 -0.3 4.5
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Jul 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.997 5.805 0.689 7.255 56.158 109.471 0.955 9.464 2.984 1.072 92.458 40.728 1.167 10.119 0.838 28.007 30.328 0.546 0.936 Canada 1.003 5.822
      471 words
    • Article
      Lock icon SIBOR
      37 25 Jul 7 (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 Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      78 25 Jul 7 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-16 101.25 5-Year NX*****W 2.5 01-Jun-19 106.41 106.55 106.55 10-Year NX*****H 2.750 01-Jul-23 103.35 103.45
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    • Article
      Lock icon PRECIOUS METALS
      122 25 Jul 07 GOLD(US$/oz) Jul 07 Jul 04 Hong Kong 1316.00 1324.00 Jul 04 Jul 03 London 1320.11 1318.30 1320.88 1319.10 Source: Thomson Reuters CAST BAR Jul 07 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 315 261 10gm 588 524
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    • Article
      Lock icon PALM OIL
      60 25 Jul 7 Jul KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2445.0 2466.0 2467.0 2445.0 28 972 Aug 14 2426.0 2435.0 2445.0 2419.0 1256 ***** Sep 14 2403.0 2414.0 2424.0 2397.0 ***** ***** Oct 14 2397.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Jul 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1666 1.1673 0.9358 0.9363 Canadian dollar 1.1702 1.1704 0.9388 0.9387 Euro 1.6939 1.6943 1.3588 1.3590 NZ dollar 1.0885 1.0892 0.8732 0.8737 Sterling pound 2.1373 2.1377 1.7145 1.7147
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 25 Jul 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1387.75 1392.50 1399.75 1387.00 Aug 14 1299.75 1314.75 1321.50 1297.25 Sep 14 1166.75 1180.25 1186.00 1164.50 Nov 14 1133.50 1141.50 1147.50 1132.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
      109 words
    • Article
      Lock icon LIFFE
      95 25 Jul 4 4 COCOA(£/tonne) Close Prev High Low Jul 14 1952 1954 1959 1941 Sep 14 1924 1927 1930 1916 Dec 14 1902 1907 1909 1895 Mar 15 1891 1897 1899 1885 COFFEE(US$/tonne) Close Prev High Low Jul 14 2053 2065 2070 2059 Sep 14 2056 2068 2070 2051
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      984 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 5.1 0.3 1 -55 3.63 48 Asia-Pacific Strategic W*****6 3.8 -0.1 4801 1 2 58 Ratio Albedo Limited W*****9 1.3 unch 630 Asiatic Grp(Hldgs) Ltd W*****5 Prem Asiatravel.com
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Jul 04 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.54 0.03 WTI (Near Mth) 103.77 -0.27 Dubai (1-Mth F) 107.24 -0.16 Tapis blend 112.86 0.19 Minas 108.46 0.19 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.08 0.22 Jet Kerosene 120.02 0.33 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jul 7 S$ Bid Offer 1-month 1.2466 1.2467 2-months 1.2466 1.2467 3-months 1.2466 1.2467 6-months 1.2464 1.2465 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      65 25 Jul-04 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1893.25 1907.00 3 months 1923.00 1935.00 Copper, Grade A(US$/tonne) Cash 7161.00 7186.00 3 months 7150.00 7175.00 Lead(US$/tonne) Cash 2153.00 2166.50 3 months 2181.00 2195.50 Nickel (US$/tonne) Cash *****.50 *****.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 25 As at 9am Jul 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.192 1.136 Can dollar 1.190 1.145 Euro 1.732 1.650 Sterling pound 2.176 2.093 NZ dollar 1.112 1.070 US dollar 1.271 1.211 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 25 Jul 7 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.02 US$ 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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  • PROPERTY
    • Article, Illustration
      Lock icon Brewer SABMiller to divest US$1.1b stake
      557 26 Sale of hotel-casino comes as firm aims to beef up Africa beverage operations Bloomberg [LONDON] SABMiller plc said it will sell a US$1.09 billion stake in South African hotel and casino operator Tsogo Sun Holdings Ltd as the world’s second-big-gest brewer looks to bolster
      Bloomberg  -  557 words
    • Article
      Lock icon GDF buys Lend Lease’s UK facilities mgt unit
      173 26 Reuters [PARIS] French gas and power group GDF Suez has bought the UK facilities management business of Australian property group Lend Lease, the firm said yesterday. GDF is making the acquisition through its Cofely energy and technical services unit and said that
      Reuters  -  173 words
    • Article, Illustration
      Lock icon Swiss property, equity markets still at risk
      507 26 Instability is due to low interest rates: SNB board member Reuters [ZURICH] Switzerland’s property and equity markets are still at risk of instability due to the low interest rate environment, a board member of the Swiss central bank said in a newspaper interview
      Reuters; PHOTO: BLOOMBERG  -  507 words
    • Article
      Lock icon Dubai may limit sales of off-plan property
      306 26 It is mulling over rules to address property flipping Bloomberg [DUBAI] Dubai is considering regulations to limit the sale of properties before they are built to address one of the main causes of the 2008 property crash, according to the International Monetary Fund.
      Bloomberg  -  306 words
    • Article
      Lock icon Property price cap eased for Beijing developers: report
      222 26 Reuters [HONG KONG] China’s Poly Real Estate Group has received regulatory approval to price a Beijing project at a record high of almost 100,000 yuan (S$20,000) per square metre, signalling an easing on pricing policy for developers in the capital, a local
      Reuters  -  222 words
    • Article
      Lock icon Aussie construction index at 7-month high
      255 26 Reuters [SYDNEY] A survey on Australian construction activity released yesterday showed the sector expanding for the first time this year in June, led by strength in home building and a rebound in engineering work. The overall index of construction activity climbed 5.1 points to
      Reuters  -  255 words
    • Article, Illustration
      Lock icon CPG to direct masterplan for Myanmar SEZ
      348 28  -  It leads five-member S’pore-based group overseeing special economic zone BY. AMANDA EBER aeber@sph.com.sg [SINGAPORE] Local firm CPG Consultants will lead a Singapore-based consortium that will oversee a masterplan for the development of the Kyauk Phyu Special Economic Zone (SEZ) in Myanmar, CPG announced
      348 words
    • Article, Illustration
      Lock icon Strata-titled space beside HDB Hub for sale at $65m
      532 28  -  By SHEENA TAN tsheena@sph.com.sg [SINGAPORE] A row of prime heartland retail shops in Toa Payoh Central is up for sale by tender at an indicative price of $65 million, which works out to an average of about $11,245 per sq ft
      532 words
    • Article, Illustration
      Lock icon Savills appoints MD for investment sales
      335 28  -  BY VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT [SINGAPORE] Global real estate provider Savills has announced the promotion of Steven Ming, its deputy managing director and head of investment sales, to managing director of investment sales and residential services. The expanded role gives him oversight of the
      335 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      191 26 PRIME RETAIL SPACE FOR SALE ih 190 Toa Payoh Lorong 6 Amidst bustling Toa Payoh Central HDB Hub Strategically positioned near MRT Station and Bus Interchange Rarely available and highly sought-after Strata area: approx. 5,780 sq ft Tenanted to established retailers Very high foot traffic whole year round Closing Date:
      191 words
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      Lock icon Page 26 Advertisements Column 2
      129 26 Rare Opportunity To Acquire A Pre-completion Development In A Highly Leasable Area In Central Tokyo Address: Shinjuku-ku, Tokyo Land area: 260.57 m2 Description: Freehold 11-sty residential apt block comprising of 20 strata-titled units Location: Overlooking Waseda University 10 mins’ train ride to Shibuya 5 mins’ walk to Tokyo Metro Touzai
      129 words
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      Lock icon Page 26 Advertisements Column 3
      161 26 LU -I < CC 0 LL L f: THE BRANGELINA HOUSE AT BLAIR Exceptional Conservation Pool It 7 s simply over the top. So beautiful it's unreal. Classic yet clever, good looking yet warm. Not built for Mr and Mrs Smith, but for the Brangelina type brood with its lush
      161 words
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      Lock icon Page 27 Advertisements Column 1
      510 27 PRINTWORKS CLAPHAM ROAD LONDON SW9 GALLIARD HOMES MOST SUCCESSFUL REGENERATION LANDMARK SvT~- VL-, •I rrn ■=i«Ur<5 *-..3te et 2> r II I if?r I? A t* rt m r*:~ i: iLj i i ITES rKui i 10 MINUTES Brand new studio 1 bed luxury apartments PRICES FROM £295,000 Within a
      510 words
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  • Page 28 Advertisements
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      110 28 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
      110 words