The Business Times, 9 July 2014

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Microfilm: NL33180
Total Pages: 35
1 36 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, July 9, 2014
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  • Article
    Lock icon Govt protects CPF members from risks: Tharman
    801 1  -  He says it absorbs volatility; gives details on how funds are invested BY LEE U-7WE_N |éeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] The government has been absorbing market volatility over the years and protecting Central Provident Fund (CPF) members from risks, Deputy Prime Minister Tharman Shanmugaratnam said
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,283.34 (-8.23) HST INDEX FUTURES 3,280.00 (-8.00) HSIMSCI 373.61 (-1.02) HSIMSCI FUTURES 373.40 (-0.70) US$ S$ US$ (S$ per US$) 1.245 (US$/S$ per 1.714 2.134 EURO (US$/S$/€ 1.359 1.693 Foreign currency per US$ S$ YEN 101.80 81.80 RM 3.175 2.550 HK$ 7.750 6.223 BAHT 32.41 26.02 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Tuesday Change KL COMP 1,892.65 +0.15 NIKKEI 225 15,314.41 -65.03 HANG SENG 23,541.38 +0.46 SET INDEX 1,507.58 +4.37 JAKARTA COMP 5,024.71 +35.68 MANILA COMP 6,948.52 -50.58 SEOUL COMP 2,006.66 +1.54 SHENZHEN B 864.30 +12.99 MUMBAI IND 25,582.11 -517.97 12 noon EDT Change DOW 16,895.59 -128.62 NASDAQ 4,377.41 -74.12
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE MALAYSIA HONG KONG HONG KONG 6.55 5.00 INDONESIA 15.408 KOREA 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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  • Article, Illustration
    Lock icon Temasek posts 1.5% one-year TSR on weak Asian markets
    913 1  -  By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] Temasek Holdings has posted total shareholder return (TSR), in Singapore dollars, of an underwhelming 1.5 per cent on a one-year basis, mainly due to weakness in the Singapore and China markets. But undeterred by
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      157 1 STRAIT TALK Asia stays upbeat in latest survey PAGE 26 EXEC MONEY A new era of opportunity for Asian equity investors PAGE 35 HOCK LOCK SIEW Short-selling: How should it be viewed? PAGE 7 COMMENTARY India Budget 2014: tax expectations PAGE 25 8 M 8 ***** 11 *****4 Deutsche Bank
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  • TOP STORIES
    • Article, Illustration
      Lock icon Temasek senior executives point to rising transparency
      662 2  -  Market ‘reasonably accurate’ with estimates on growth of Temasek portfolio By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] Even as senior Temasek Holdings executives put up a brave front on the company’s “modest” return the 1.5 per cent which fell short of last year’s
      BT Graphics: Kenneth Lim & Sarah Loyola; Source: Temasek Holdings, Morningstar, Bloomberg; PHOTO: AFP  -  662 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      372 2 Govt protects CPF members from risks THE government has been absorbing market volatility over the years and protecting CPF members from risks, said Deputy Prime Minister Tharman Shanmugaratnam. FRONT PAGE Temasek posts 1.5% one-year TSR TEMASEK Holdings has posted total shareholder return, in Singapore dollars, of an underwhelming
      372 words
    • Article
      Lock icon No plans to raise CPF Minimum Sum beyond ‘15
      641 2  -  By LEE U-WEN leeuwen@sph.com.sg@LeeUwenBT [SINGAPORE] There is one more scheduled increase to the Central Provident Fund (CPF) Minimum Sum next year, and the government does not have plans to raise it further after that. This was revealed in parliament yesterday by
      641 words
    • Article
      Lock icon 1 in 2 may sacrifice friendship to climb corporate ladder: poll
      388 2  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Social networking site Linkedin has released the results of a global survey, which delves into workplace behaviour, ranging from sacrificng friendships and climbing the career ladder to overall work performance. It found, for
      388 words
    • Article, Illustration
      Lock icon Indonesia polls may not be that close a call
      704 4  -  Surveys don’t show Jokowi camp’s more aggressive tone, Prabowo’s blunders By JEFFREY HUTTON in Jakarta AS 190 million Indonesian voters head for the polls today, the candidates vying to become their country’s second directly elected president are virtual photo negatives of
      PHOTOS: REUTERS  -  704 words
    • Article, Illustration
      Lock icon Argentina to finally turn on the style
      474 4  -  THE NETHERLANDS VS ARGENTINA: WHO WILL WIN? LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT Correspondent FOR all the criticism that they are a one-man team, Argentina have proven in their last two World Cup matches that they can produce results even without Lionel Messi being at
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    • Article, Illustration
      Lock icon United Dutch will score with Total Football
      675 4  -  MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT Correspondent THIS is going to be a tough one: Holland vs Argentina in the second semi-final of World Cup 2014. Both teams are known for their attacking style of play and for having exceptional talent in their ranks: Argentina
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    • Article, Illustration
      Lock icon The BT-Coca-Cola World Cup Charity Drive
      186 4 JULY 10 The Netherlands vs Argentina (4am) Bert Wong CEO, Fuji Xerox Singapore This will be a classic semi-final and a real treat for all football fans as two of the tournament favourites come to settle their old scores. The Dutch lost to the
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    • Article, Illustration
      Lock icon World Cup tickets official arrested over illegal sales
      489 4 AFP [RIO DE JANEIRO] Brazilian police arrested on Monday a director from the Fifa partner company handling World Cup ticket packages, accusing him of leading a network that illegally sold game passes. Ray Whelan, a director at Match Hospitality, was detained at
      AFP  -  489 words
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      70 3 Exhibition r > v\ N 1 H f r N )S' \H 1, "s -V/ X V v* Y "V Jr i.- T*\ gTi tv 'i "t> V> I V.V \^5 /> MSPk X. Va Pi r« s Nr CREATION OMEGA From 5 to 13 July 2014 2 Orchard Turn,
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  • Page 5 Advertisements
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      197 5 w 9 sSSSfc m m Mis®. iff •jSaatg "I* I k' nr m S.VM688SP S. VM8866 S.VM8899 S.VM9886 Porsche recommends Mobil El For more information, please visit www.porsche.com.sg There are 3 possibilities to enjoy life. Today. Here. And now. The new Porsche Macan has arrived. Life, intensified. Life is at
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Moody’s sees lower S’pore bank profits
      645 6  -  Thin margins, lack of scale hinder their benefiting from regional expansion By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT THE jury is still out on whether Singapore banks, like their Asian peers, can reap strong benefits from a regional expansion, as issues of margin pressures, higher provisions
      Source: Moody’s Banking Financial Metrics  -  645 words
    • Article, Illustration
      Lock icon Wing Hang may dive if bid is hindered
      415 6 Under HK rules, OCBC needs 90% of shares to delist firm Bloomberg SHARES of Wing Hang Bank Ltd, a Hong Kong lender being taken over by Oversea-Chinese Banking Corp, could fall as much as 40 per cent if OCBC doesn’t garner enough
      Bloomberg; PHOTO: BLOOMBERG  -  415 words
    • Article
      Lock icon PICTET
      271 6 Pictet-Absl Rtn Fxd Inc-HP EUR 03/07/2014 EUR 102,82 Pictet-Absl Rtn Glo Div-P EUR 03/07/2014 EUR 118,39 Pictet-Asian Equities Ex Japan-P USD 04/07/2014 USD 196,00 Pictet-Asian Local Currency Debt-P USD 04/07/2014 USD 149,34 Pictet-Biotech-P USD 03/07/2014 USD 607,90 Pictet-Clean Energy-P USD 03/07/2014 USD 92,21 Pictet-Digital Communication-P USD 03/07/2014 USD 214,80
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    • Article
      Lock icon Noble’s additional perpetuals won’t affect ratings: Moody’s
      290 6  -  By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT NOBLE Group’s proposed issuance of additional perpetual capital securities has no impact on its rating, Moody’s Investors Services said yesterday. The largest commodity trader in Asia has said that it will issue an additional US$50 million in 6
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    • Article
      Lock icon Paper group April under fire again from Greenpeace
      463 6  -  It says it’s in full compliance with sustainability policy By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT GREENPEACE has hit out at pulp and paper group Asia Pacific Resources International Limited (April) again, claiming to have photographic evidence of the firm and one of its
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    • Article, Illustration
      Lock icon YuuZoo partners with Chinese media group to tap China market
      360 6  -  By CLAIRE HUANG huangjy@sph.com.sg SINGAPORE e-commerce firm YuuZoo Corporation yesterday announced plans to develop and market a fully localised version of its social m- and e-commerce mega network through an exclusive partnership with Great Sports Media Co Ltd (GSM), a
      FILE PHOTO  -  360 words
    • Article
      Lock icon Short-selling: how should it be viewed?
      937 7  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT SHORT-sellers have always been viewed with suspicion and dislike, born of a perception that they exist solely to destroy wealth and ignorance of what they really do. Yet, despite this lurking fear, and notwithstanding periodic calls
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    • Article, Illustration
      Lock icon Low Keng Huat buys remaining 36 units at Balestier Towers
      287 7 LOW Keng Huat (Singapore), which last August acquired 15 commercial units and an apartment at Balestier Towers for nearly $77.4 million, yesterday exercised options to purchase the balance 36 units in the mixed-use development for slightly above $63.9 million. Its
      FILE PHOTO  -  287 words
    • Article, Illustration
      Lock icon Keppel set to reduce carbon emission levels
      417 9  -  It aims to improve its greenhouse gas intensity indicator by 16% from 2020 By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT SINGAPORE conglomerate Keppel Corporation is set to improve its carbon emission levels as part of its sustainability plans. The group has set a target of
      PHOTO: BLOOMBERG  -  417 words
    • Article, Illustration
      Lock icon SGX Sicom rubber futures volume hits new high
      307 9  -  40,679 lots traded in June, up 53% from a year ago By KELLY TAY kellytay@sph.com.sg @KellyTayBT THE Singapore Exchange (SGX) yesterday announced that its global physical benchmark Sicom rubber futures contracts clocked a new record month in June. The month saw 40,679
      Source: Singapore Exchange  -  307 words
    • Article
      Lock icon Yoma, Mitsubishi JV to enter Myanmar tyre business
      223 9  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT PROPERTY and construction group Yoma Strategic Holdings is entering the tyre business in Myanmar through a joint-venture company with Mitsubishi Corporation. Yoma said yesterday that its 70 per cent-owned subsidiary Myanmar Motors has entered into an agreement
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    • Article
      Lock icon SGX derivatives arm opens HK branch
      236 9  -  By CLAIRE HUANG huangjy@sph.com.sg THE derivatives trading arm of the Singapore Exchange, SGX-DT, yesterday opened its Hong Kong branch. “SGX-DT’s new Hong Kong branch follows the exchange’s Automated Trading Services (ATS) authorization received,” said SGX. The branch will focus on serving those customers keen
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      227 6 o ""lion's Roar SUNDAY MORNING SERVICE Singapore Buddhist Federation 13 th JUL 2014 "THE REFLECTION ON THE 4 NOBLE TRUTHS" BY VEN. (DR.) CHANG QING (BRIGHTHILL MONASTERY) 20™ JUL 2014 "HOW CAN WE EXPERIENCE THE TIMELESS TRUTHS OF THE BUDDHA'S TEACHINGS NOW" BYBRO. SEBASTIAN WONG (PALELAI TEMPLE) [NOTE: 27™ JULY
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      86 6 How to set up DIY Data Protection Compliance System In Compliance with Singapore Personal Data Protection Act 2012 We conduct seminars and in-house programs to assist SMEs to set up their company’s Compliance System. Please contact or email us for details. SG PDPA Compliance Resources Centre Tel: 6728 6403 Mon
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  • Page 6 Miscellaneous
    • Miscellaneous
      Lock icon Page 6 Miscellaneous Column 1
      34 6 hvi'J $1.6 MILLION Estimated Draw on Thu, 10 Jul 2014 at 6.30pm For details, visit www.singaporepools.com.sg P L A V& Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G m
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      220 7 f NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School Wharton University of Pennsylvania Aresty Institute of Executive Education I r VS THE NANYANG-WHARTON SENIOR LEADERS PROGRAMME A COLLABORATION BETWEEN NANYANG BUSINESS SCHOOL AND THE WHARTON SCHOOL AEINVENTJNG THE IRN Nanyang Technological University (NTU) is ranked 41st in the world and also placed
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      Lock icon Page 7 Advertisements Column 2
      165 7 I Has Your Company Filed Its Annual Return? Corporate Compliance '^V^Reminder rife S Timely holding of Annual General Meeting (AGM) Presenting up-to-date financial statements at AGM Timely filing of Annual Return Private and public unlisted companies with a financial year-end of 31 December 2013 should have held their Annual General
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Another directionless day for STI
      608 8  -  Index drifts 8.2 points lower on lack of institutional and retail interest STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE Straits Times Index (STI) yesterday drifted to an 8.23-point loss at 3,283.34. Turnover was a low 1.5 billion units worth $928.3 million. Excluding warrants, there
      Source: Bloomberg  -  608 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 8 Jul 8 VALUE CLOSE BT OB/OS -9.00-108.00 BT CADI -*****.00 -44.00 BT 10-day MA -*****.00 -1.00 FTSE ST Mid Cap 773.09 -3.70 FTSE ST Small Cap 563.34 -1.84 FTSE ST All Share 801.13 -2.35 FTSE ST China Top 199.38 -0.74 FTSE ST China 226.27 -0.09 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      61 8 VOLUME Compact Metal 113,483,000 WE 56,060,000 W Corp 51,459,000 Vibrant Group 49,223,000 Oceanus 41,738,000 Transcu Grp 40,728,000 PNEMicron 37,717,000 Sunningdale Tech 37,567,000 Mirach Energy 35,475,000 See Hup Seng 31,042,000 VALUE($) DBS Grp 79,030,658 UOB 64,236,109 SingTel 49,289,092 HongkongLand USD 40,933,260 OCBC Bank 35,066,536 Suntec Reit 30,469,682 Keppel
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 4 0 0 0 4 7 4 Manufacturing 48 41 43 9 8 10 57 49 53 Commerce 21 18 23 1 7 5 22 25 28 Tpt/Stor/Comms 8 26 8
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    • Article
      Lock icon BROKERS’ TAKE
      1015 8  -  Compiled by CAI HAOXIANG Ascott Residence Trust July 8 close: S$1.245 CIMB Research, July 7 ASCOTT Residence Trust (ART) has entered into conditional agreements to acquire its first serviced residence in Kuala Lumpur, Malaysia, as well as one property in Wuhan and another in Xi’an, China, for a
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,156 22,156 44,958 44,958 Manufacturing 446,964 147,788 594,752 112,664 14,968 127,632 Commerce 112,554 99,480 212,034 57,217 5,969 63,187 Tpt/Stor/Comms 113,437 1,033 114,470 136,523 104 136,627 Finance 25,885 377 26,262 189,844 110 189,954 Construction 57,427 30,397
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      118 8 Stock name Close Change Ascendas Reit 2.300 -0.020 CapitaLand 3.190 CapitaMall Trust 1.935 CityDev 10.150 -0.070 ComfortDelGro 2.500 DBS Grp 17.070 -0.090 Genting Sing 1.330 -0.005 Global Logistic 2.710 -0.010 Golden Agri-Res 0.555 HPH Trust USD 0.730 HongkongLand USD 6.650 +0.050 JMH 400 USD 60.740 +0.040
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    • Article, Illustration
      Lock icon Dollar’s jobs-inspired rally fades; kiwi rises
      511 8 CURRENCIES Reuters [LONDON] The outlook for monetary policy in the second half of 2014 dominated major currency markets yesterday, with the US dollar’s impetus from surprisingly strong US jobs data last week already fading. Fitch Ratings’ upping of its outlook for New Zealand’s debt
      Reuters; PHOTO: BLOOMBERG  -  511 words
    • Article
      Lock icon RISES
      118 8 BY CENTS CLOSE UP Lyxor Indonesia10US$ 9312 245.2 2.2 Lyxor ThaiSET 10US$ ***** 130.7 0.8 DBXT USDIGInfl 5US$ ***** 119.5 0.3 Pan Ocean 100 400 110.0 37.9 Jardine C&C 4645 93.0 2.0 DBXT AUDCS 5US$ ***** 90.9 0.4 DBXT iBoxxUSTr 5US$ ***** 71.0 0.3 GLD 10US$ ***** 59.8 0.4
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    • Article
      Lock icon FALLS
      134 8 BY CENTS CLOSE DOWN SPDRS S&P 500 10US$ ***** -125.7 -0.5 DBXT E50 10US$ 5459 -95.9 -1.4 DBXT Nifty 10US$ ***** -94.6 -0.6 DBXT MSEurope 10US$ 6305 -90.9 -1.1 SPDR DJIA 10US$ ***** -32.4 -0.2 JSH 500 USD 3680 -26.1 -0.6 DBXT iBoxxKR 5US$ ***** -24.9 -0.1 DBXT STGLDv100
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      158 9 JOIN THE RACE AUG 17, 2014, 6.30AM Presented by Achieve your personal best time at the Shape Run Singapore’s first women-only running event. Receive a Skechers runner’s top and a fabulous runner’s kit, as well as an exclusive finisher’s medal and tee. Plus, win attractive prizes! EARLY BIRD RATES EXTENDED
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      115 9 The LARGEST Investment Fair in Town! SUNTEC SINGAPORE CONVENTION EXHIBITION CENTRE LEVEL 4, EXHiBITION HALL 401 402 EVENT HIGHLIGHTS Interact Access to Local International Exhibitors 10aM 7pm 2nd-3rdAug 2014 BRINGING YOU THE WORLD’S BEST SPEAKERS Panel Discussion on Market Outlook moderated by Keith De Souza (LIVE938 DJ) The A-Z Talkshow
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  • SINGAPORE NEWS
    • Article
      Lock icon M2 Academy opens its first campus on Orchard Road
      301 10  -  By SHEENA TAN tsheena@sph.com.sg PRIVATE educator M2 Academy, set up last December, launched its first campus on Orchard Road yesterday. Located in Orchard Gateway@Emerald, across from 313 Somerset, the campus will offer degree programmes from the University of South Australia (UniSA),
      301 words
    • Article, Illustration
      Lock icon Two-pronged effort to push for portable medical benefits
      683 10  -  Govt may enhance perks for firms that provide such benefits to staff: Minister By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT A TWO-PRONGED effort will be made to push for portable medical benefits: Even as a tripartite group has been formed to encourage the take-up
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    • Article
      Lock icon Next phase of electric vehicle project may include individuals
      500 10  -  NEW COMMUTING OPTIONS By SAMUEL EE samuelee@sph.com.sg THE second phase of the electric vehicle (EV) test-bedding project, which is likely to start next year, could see individuals leasing and driving these tax-free cars. Until now, EVs have been used only by
      500 words
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      Lock icon Need a fancy ride? Grab one with an app
      500 10  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT THE market for booking a point-to-point ride just got more interesting. GrabCar, an extension of the offerings by the people behind taxi-booking app GrabTaxi, rode smartly into town yesterday, offering a new service that lets users
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      1439 10 INFORMATICS EDUCATION LTD. (Company Registration Number: *****3419G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-First Annual General Meeting of INFORMATICS EDUCATION LTD. (the “Company”) will be held at Carlton Hotel Singapore, Empress Ballroom 5, Level 2, 76 Bras Basah Road,
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      1188 11 ADVERTORIAL A fulfilling partnership SIM Global Education’s (SIM GE) reputation for delivering higher education programmes with top global universities helped attract Warwick to Singapore The University of Warwick is one of the UK’s leading research universities, known for its excellence in research and teaching, innovation and strong links to business
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  • MALAYSIA
    • Article, Illustration
      Lock icon All eyes on OPR at Bank Negara meeting
      509 12  -  If the rate is raised tomorrow, ringgit could rise to RM3.15 per US$ soon: RHB By PAULINE NG in Kuala Lumpur THE ringgit which has rallied ahead of a key central bank policy meeting could creep up to RM3.15 per US$ in
      PHOTO: BLOOMBERG  -  509 words
    • Article
      Lock icon CIMB to boost Islamic banking with new computer system
      596 12 Bloomberg [KUALA LUMPUR] Malaysia’s CIMB Group Holdings Bhd says that a new regionwide computer system will help increase the Islamic share of its business to 20 per cent from 15 per cent by 2020 with expansion overseas. The lender is spending
      Bloomberg  -  596 words
    • Article
      Lock icon Malaysia’s Felda unit plans Nasdaq listing
      433 12 Reuters [KUALA LUMPUR] Malaysia’s stateowned agri-business conglomerate Felda is looking to tap growing demand for botanical drugs and treatments with a planned US$300 million listing of a life sciences unit on the Nasdaq exchange by March, company officials said. Felda Wellness Corp, a unit
      Reuters  -  433 words
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      2687 12 ©CHECK YOUR WATCH... M ITS VOTE-O'CLOCK! 2014 VOTE NOW THEN TOMORROW AND THE DAY AFTER DAILY TILL 31 JULY O sgblogawards.omy.sg Q facebook.com/sgblogawards ©©Tag #omySBA2014 The Business Times Ik IT 1 Toll free 1800-289-8822 I I I Email notices W I i j ij www.sphclass.com.sg/notices TAT HONG HOLDINGS LTD IK525I
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      2380 13 FALCON ENERGY GROUP LIMITED (Registration No. *****3817G) (Incorporated in the Republic of Singapore) NOTICE OF THE TENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of the Company will be held at 7 Shenton Way, Singapore Conference Hall, Singapore *****0 on Friday, 25 July 2014
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      2086 13 TRANSCU GROUP LIMITED Incorporated in the Republic of Singapore Registration No. *****0320E NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of TRANSCU GROUP LIMITED (the “Company”) will be held at YMCA one orchard, One Orchard Road, Singapore *****4, on 31 July 2014 at 2.00
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  • CHINA/INDIA
    • Article
      Lock icon China university, govt food firm in graft crackdown
      384 14 Watchdog also finds use of bribes in promotions, tenders, land deals in Henan Reuters [SHANGHAI] China’s antigraft watchdog said it has uncovered evidence of corruption at Shanghai’s prestigious Fudan University and state-owned China National Cereals, Oils and Foodstuffs Corporation (Cofco), as China
      Reuters  -  384 words
    • Article
      Lock icon Carrefour to close Indian operations
      341 14 French giant to focus on reviving sales at home Reuters [MUMBAI] Carrefour SA will shut its Indian operations and close its wholesale stores in the country as the French retail giant pulls out of underperforming markets to focus on reviving flagging sales at home. The
      Reuters  -  341 words
    • Article, Illustration
      Lock icon India seeks foreign investors to save railways
      418 14 AFP [NEW DELHI] India unveiled plans yesterday to open up its railways to foreign investment and introduce the country’s first bullet train in a budget for the network closely watched for clues about new Prime Minister Narendra Modi’s economic priorities. The rail finance
      AFP; PHOTO: AFP  -  418 words
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      1466 14 The Business Times Ik T I 1 I /“I 1 Toll free 1800-289-8822 I Email noticesasph.com. sg J V i I www.sphclass.com.sg/notices INFORMATICS EDUCATION LTD. (Company Registration Number: *****3419G) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that a Extraordinary General Meeting of
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      1103 15 iMQmm Precision Parts, Precision Partnerships. INNOVALUES LIMITED (Incorporated in the Republic of Singapore) Company Registration Number *****2822E NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM") of Innovalues Limited (the “Company”) will be held on 25 July 2014 at 3.00 p.m. at 8 Wilkie
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      2512 15 (Incorporated in the Republic of Singapore) (Company Registration No. *****0983H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at GV Vivocity 1 HarbourFront Walk #02-30 Vivocity Singapore *****5 on Friday, 25 July 2014 at 9.30 a.m. to transact
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  • WORLD
    • Article, Illustration
      Lock icon Samsung estimates 25% drop in Q2 profit
      658 16 Cheap Chinese devices, strong won shrink its share of smartphone market AFP [SEOUL] Samsung estimated yesterday that its operating profit would plunge nearly 25 per cent on year in the second quarter of this year, as cheap Chinese devices and a strong won
      AFP; PHOTO: BLOOMBERG  -  658 words
    • Article
      Lock icon Trade group calls for US cyber war council
      711 16 Move is to prevent attacks that could cause financial panic Bloomberg [WASHINGTON] Wall Street’s biggest trade group has proposed a govern-ment-industry cyber war council to stave off terrorist attacks that could trigger financial panic by temporarily wiping out account balances, according to
      Bloomberg  -  711 words
    • Article
      Lock icon Samsung, Intel, Dell team up on framework for Internet of Things
      361 16 Reuters [SAN FRANCISCO] Samsung Electronics, Intel Corp and Dell have joined to establish standard ways for household gadgets like thermostats and light bulbs to talk to each other, at odds with a framework backed by Qualcomm, LG Electronics and
      Reuters  -  361 words
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      Lock icon Abe declares peace goals on historic Australia visit
      629 20 Leaders also ink ambitious JapanAustralia economic partnership pact AFP [SYDNEY] Japanese Prime Minister Shinzo Abe declared yesterday his determination to pursue peace in Asia, as he signalled closer defence ties with Australia and rubber-stamped an ambitious free-trade agreement. Mr Abe used a
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    • Article
      Lock icon Wal-Mart beats Shell to top Fortune Global 500 list
      349 20 Stores report US$476.3b in 2013 revenues as it ramps up international business AFP [WASHINGTON] US retail king Wal-Mart toppled Royal Dutch Shell from the top spot on the Fortune Global 500 list of the world’s biggest companies, based on total revenues,
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      Lock icon Gowex’s collapse undermines investor confidence in Spain
      526 20 Re uters [MADRID] The collapse on Sunday of wireless provider Gowex could rattle investors’confidence in Spain and its companies just as the country emerges from the worst of a five-year slump and foreign money starts to flow back into it. Gowex said on
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    • Article
      Lock icon UK growth robust in Q2 but exports, investment slip: survey
      353 20 Reuters [LONDON] Britain’s economy kept growing at a robust rate in the second quarter, but exports and business investment weakened, clouding the prospects for a balanced recovery, a major business survey showed yesterday. The British Chambers of Commerce’s (BCC) quarterly
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      Lock icon US in settlement talks with Commerzbank, Deutsche Bank
      616 22 It is coming down hard on European banks which have evaded sanctions Reu ters [FRANKFURT] US authorities have begun settlement talks with Germany’s Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States, extending a crackdown on European
      Reuters; PHOTO: BLOOMBERG  -  616 words
    • Article, Illustration
      Lock icon US tech firms going all out to woo interns
      656 22 Facebook, LinkedIn, Airbnb grabbing top talent among teens Bloomberg [SAN FRANCISCO] Facebook Inc rolled out the red carpet for 17-year-old Michael Sayman when the social network hired him for a job that started last month, including flying him out to meet
      Bloomberg  -  656 words
    • Article
      Lock icon New S Korea finance minister mum on rates
      519 22 Reuters [SEOUL] South Korea’s finance minister nominee vowed yesterday to focus on boosting consumer spending and corporate investment to bolster a sagging economy, but stopped short of calling on the central bank to consider cutting interest rates. While all but two of
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    • Article
      Lock icon ECB urging banks to get books in order
      511 22 Bloomberg [FRANKFURT] Europe’s lenders are running out of time to get their books in order before the European Central Bank (ECB) passes judgement on them. As executives from 128 banks meet in Frankfurt this week with some of the officials examining them,
      Bloomberg  -  511 words
    • Article, Illustration
      Lock icon More UK branches to close as online banking grows
      551 22 Reuters [LONDON] Britons are using Internet and mobile banking for transactions worth nearly £1 billion (S$2.14 billion) a day and branch use is falling sharply, according to the British Bankers Association (BBA) and accountancy firm EY. In response, banks are expected
      Reuters; PHOTO: REUTERS  -  551 words
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      90 16 ARTISANAL CUISINE, A WAY OF LIFE. Celebrating and respecting seasonality, terroir and the world’s best produce. Ranked 100th, The World’s Best Restaurants 2014, sponsored by S. Pellegrino and Acqua Panna. Ranked 17th, Asia’s 50 Best Restaurants 2014, sponsored by S. Pellegrino and Acqua Panna. Appointed Krug’s First Restaurant Ambassade in
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      132 17 Our journey has just begun The world is fast changing around us. Populations urbanise, and life expectancies continue to rise. We are entering a new digital age machines are increasingly smarter, and people ever more connected. Change brings unprecedented challengescompeting demands for finite resources, safe food and clean water; health
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      1608 18 / 19 Our journey Has Just Begun Active Investor Global Exposure 1 We think and act as owners, managing our assets on commercial principles to deliver sustainable long term value. 4* y We grew with Singapore in our early years, and stepped out since 2002 to grow with a transforming Asia. We
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      1789 20 The Business Times NOTICES BUKIT SEMBAWANG PSJ ESTATES LIMITED BUKIT SEMBAWANG ESTATES LIMITED Company Registration No. *****0177M (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 48 ,r Annual General Meeting of the Company will be held at Amara Singapore Hotel, Ballroom
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      5743 21 THE BUSINESS TIMES Ik 1 f 1 ✓"'I Toll free 1800-289-8822 I fl I Email notices@sph.com.sg 1 j www.sphclass.com.sg/notices JASON MARINE GROUP LIMITED Registration Number: *****6601W (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of Jason Marine
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      4067 23 THE BUSINESS TIMES Ik 1 f 1 ✓"'I Toll free 1800-289-8822 I fl I Email notices@sph.com.sg 1 j www.sphclass.com.sg/notices m TRAVELITE HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****1089K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of TRAVELITE HOLDINGS
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  • EDITORIAL & OPINION
    • Article
      Lock icon India needs a transformational Budget
      483 24 EDITORIAL WHEN he presents his government’s maiden Budget tomorrow, Indian Finance Minister Arun Jaitley will have his first big opportunity to give some substance to the ambitious economic reform agenda of which newly elected Prime Minister Narendra Modi spoke so passionately during his election campaign.
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      Lock icon China’s data have to be taken with a big dose of salt
      787 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 FOUR years ago, China was crowned the world’s second largest economy, having overtaken Japan. Three months ago, the World
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      Lock icon Key parameters to meet future water challenges
      1182 24  -  There’s a need to invest in water-saving and water-treatment technologies, among others By MICHAEL ROUSE The writer is independent international adviser and distinguished research associate at University of Oxford S I consider the future of the world’s waters beyond 2030, I see one
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      Lock icon The new casinos – emerging markets
      1284 25  - The new casinos emerging markets They have been ‘packaged’ by Wall Street and sold to investors anxious to acquire overseas assets ANTHONY ROWLEY Tokyo Correspondent HAD William Shakespeare been an economist, he might have observed that some economies are born great, some achieve greatness while others have greatness thrust upon
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      Lock icon India Budget 2014: tax expectations
      831 25  -  By VISHAL NANAVATI The writer leads the India Desk at PwC Singapore LIKE the muscle cells in a human body that receive a stunning number of messages from a “brain” that signals, controls and balances all the movement and coordination, the Union Budget in India
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      Lock icon A foggy picture of the US jobs situation
      666 25  -  LEON HADAR Washington Correspondent SO there is more good news on the American job market. Or so it seems, depending on which numbers you focus on and the way you interpret them. The American economy has averaged 275,000 new jobs a month
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  • Transport HUB
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      Lock icon Asia stays upbeat in latest survey
      849 26  -  But the cost of meeting regulatory requirements is beginning to cause real concern STRAIT TALK By DAVID HUGHES THERE is good news for Asian shipping in general, and Singapore in particular, in the latest Shipping Confidence Survey from international accountant and shipping adviser Moore
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      Lock icon Panama Canal arbitration in late July
      311 26 Closed-door hearing to decide who bears US$1.6b cost overrun Reuters [MIAMI] Arbitration to decide who will bear the Panama Canal expansion project’s US$1.6 billion cost overrun will begin in closed-door sessions in Miami later this month, according to lawyers arguing the matter. On July
      Reuters; PHOTO: REUTERS  -  311 words
    • Article
      Lock icon Route for canal across Nicaragua gets approval
      211 26 Reu ters [MANAGUA] A Nicaraguan committee approved a proposed route on Monday for a US$40 billion shipping channel across the Central American country that would compete with the Panama Canal. The committee of government officials, businessmen and academics approved a 278 km route
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      Lock icon Citic takes action against Qingdao port operator
      382 26 Reuters [MELBOURNE] China’s Citic Resources Holdings Ltd has begun court proceedings against the operator of a bonded warehouse at Qingdao port as legal action ramps up following an investigation into metals financing fraud at the world’s seventh busiest port. Citic Resources said last
      Reuters  -  382 words
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      Lock icon US Navy’s funding challenge
      151 26 Bloomberg [WASHINGTON] The US Navy can’t meet its funding needs for surface warships and a new class of nuclear attack submarines from 2025 to 2034, according to the service’s latest 30-year shipbuilding plan. The blueprint says the Navy’s plan “requires funding at an unsustainable level” unless
      Bloomberg  -  151 words
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      Lock icon TRANSPORT STOCKS
      242 26 SGX '000 Jul 08 S$ +/-Vol Ch Offshore 0.45 -0.01 17 Chuan Hup Hldg 0.28 -0.01 143 Jul 08 Cwt Limited 1.76 -0.01 340 First Ship Lea 0.09 unch 4 Grand Banks 0.27 -0.02 415 Jaya Hold Ltd 0.04 unch 2890 K1Ventures 0.21 0.01 4087 Keppel Corp 10.77
      242 words
    • TRANSPORT HUB: AVIATION
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        Lock icon Air France cuts profit forecast on overcapacity, lower prices
        549 27 Reduced projection of 2.2-2.3b euros is still 20% better that 2013 Ebitda, it says Reu ters [PARIS] Air France KLM said its 2014 profits could be as much as 12 per cent lower than previously predicted, mainly as a result of
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        Lock icon United, Delta change reward programmes
        956 27 From 2015, points to be based on dollars spent, not distance NYT [NEW YORK] For airline passengers, rewards programmes may not seem so rewarding any more. Two of the nation’s largest airlines, United Airlines and Delta Air Lines, have announced that next year, frequent flyer
        NYT  -  956 words
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        Lock icon Airbus chief positive on A330neo
        384 27 Reuters [FRANKFURT] The head of planemaker Airbus has voiced growing support for plans to upgrade a popular wide-body jet to sharpen its contest for plane sales with Boeing, while urging European authorities to weaken the euro to help exporters compete. In a trio of European
        Reuters  -  384 words
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        Lock icon New Lufthansa CEO to unveil plans to win back investors
        456 27 Reuters [BERLIN] With state-owned Gulf airlines and low-cost rivals poaching more of its customers, Germany’s biggest airline Lufthansa may have decided it has little choice but to join them. New chief executive Carsten Spohr will say this week how he
        Reuters  -  456 words
    • TRANSPORT HUB: LAND
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        Lock icon Audi, Merc narrow luxurycar sales gap with BMW
        724 28 All three German carmakers post record deliveries for the first half of 2014 Bloomberg [MUNICH] Audi AG’s A3 compact sedan and Mer-cedes-Benz’s top-of-the-line S-Class model helped the German companies narrow the sales gap with global luxury-car leader Bayerische Motoren Werke AG (BMW)
        Bloomberg; PHOTOS: BLOOMBERG  -  724 words
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        Lock icon Germany planning to levy road-use fee
        616 28 NYT [BERLIN] The German government announced plans on Monday to charge a road-use fee on all cars using roads and highways in Germany, a measure aimed at the foreign-registered cars that make an estimated 170 million trips to and through the country each year.
        NYT; PHOTO: REUTERS  -  616 words
      • Article
        Lock icon GM resists recalling trucks, SUVs over brake issues
        667 28 It is a maintenance problem that affects the car industry: GM NYT [NEW YORK] Under pressure from federal regulators and legislators, General Motors this year has been reviewing past safety problems. That has resulted in 54 recalls affecting about 25.7 million vehicles
        NYT  -  667 words
      • Article
        Lock icon Tesla sued in China for trademark infringement
        373 28 Reuters [SHANGHAI] US electric car maker Tesla Motors is being sued in China for trademark infringement, a surprise development that casts a shadow over CEO Elon Musk’s ambition to expand rapidly in the world’s biggest car market. Tesla said in January that the
        Reuters  -  373 words
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      84 26 10aM 7pm 2nd-3rdAug 2014 SUNTEC SINGAPORE CONVENTION EXHIBITION CENTRE LEVEL 4, EXHiBITION HALL 401 402 EVENT HIGHLIGHTS Interact Access to Local International Exhibitors Panel Discussion on Market Outlook moderated by Keith De Souza (LIVE938 DJ) The A-Z Talkshow with Claressa Monteiro (Kiss92 DJ) Keynote Presentations by Popular Investment Speakers Over
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      34 26 FI'EE FACILITIES MANAGEMENT SOLUTIONS EXPO 2014 14 -16 October 2014 SINGAPORE EXPO HALLS 3 4 www.fmse.com.sg TT TOWARDS A SUSTAINABLE BUILT ENVIRONMENT > To Exhibit: Tel:+65 6319 4021 Email: fmse@sph.com.sg To Visit: Pre-register at www.fmse.com.sg
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  • Page 27 Miscellaneous
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      Lock icon Page 27 Miscellaneous Column 1
      305 27 CRYPTIC CROSSWORD Across 1 Responsible prisoner’s time out of practice! (6) 4 Story about a ship’s dog in pictures (6) 8 Odd sock’s potential cause of merriment (3,5) 10 Roofing material for brood on top of tree (6) 11 Just loud music (4) 12 Open popular castle regularly occupied by
      305 words
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  • Article
    Lock icon SHIPPING TIMES
    2224 29 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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      54 29 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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      91 30 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 THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE If
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4015 31 Transaction date: Jul 8 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 159.4 130.4 AIMSAMP Cap Reit 144 -2 506
      4,015 words
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      Lock icon SGX CATALIST
      402 32 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
      402 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10961 32 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!** Asian Local Ccy SD Bond 0.9884/ China Opportunities' China Opportunities USD!** Global Emerging Markets USD EM Lck.iI
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      Lock icon GLOBALQUOTE
      248 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 4 0.7 OGL Resources A$ A1.2 -2.1 58 1.9 1.2 1.2 1.6 0.2 343 215 TanChongInt HK325 unch 30 325 325 326 328 9.7 3.2 3.2
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      Lock icon SGX ETF
      1102 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF 114.9 -0.3 114.9 114.9 114.7 115.2 524.5 135.5 119 CIMB APAC Div 100S$D 132.6 -0.1 132.6 132.6 131.2 133.9 108.9
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      652 33 Jul 8 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.27 *****.89 *****.11 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****4 Dec14 *****.00 0 ***** MSCI TAIWAN INDEX FUTURES SPOT 345.56 346.53 344.61 Jul14 341.30 342.50 340.70 341.70 ***** *****4 Aug14 338.60 339.30 338.20 339.40
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 33 In local curr In S$ In US$ dy yr dy yr dy yr Jul 7 Index Change Change Change Change Change Change World Preliminary 1245.0 -0.6 5.1 -0.4 4.3 -0.5 5.6 EAFE Preliminary 978.3 -0.7 2.3 -0.4 2.2 -0.6 3.4 Europe Preliminary 1403.2 -0.8 3.6
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 33 Jul 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.003 5.824 0.691 7.277 56.095 109.570 0.956 9.499 2.981 1.070 92.712 40.748 1.169 10.086 0.840 28.106 30.425 0.548 0.939 Canada 0.997 5.807
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    • Article
      Lock icon SIBOR
      39 33 Jul 8 (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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    • Article
      Lock icon GOVERNMENT SECURITIES
      76 33 Jul 8 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-19 106.5 10-Year NX*****H 2.750 01-Jul-23 103.51 15-Year NY*****E 2.875
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    • Article
      Lock icon PRECIOUS METALS
      122 33 Jul 08 GOLD(US$/oz) Jul 08 Jul 07 Hong Kong 1322.00 1316.00 Jul 07 Jul 04 London 1314.00 1320.11 1314.75 1320.88 Source: Thomson Reuters CAST BAR Jul 08 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 316 262 10gm 589 526
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    • Article
      Lock icon PALM OIL
      57 33 Jul 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2450.0 2466.0 2454.0 2450.0 92 1024 Aug 14 2425.0 2435.0 2433.0 2409.0 1096 ***** Sep 14 2410.0 2414.0 2416.0 2382.0 ***** ***** Oct 14 2401.0 2407.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 33 Jul 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1685 1.1699 0.9387 0.9391 Canadian dollar 1.1649 1.1665 0.9363 0.9358 Euro 1.6918 1.6933 1.3591 1.3592 NZ dollar 1.0916 1.0929 0.8769 0.8773 Sterling pound 2.1330 2.1352 1.7135 1.7139
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 33 As at 9am Jul 08 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.195 1.139 Can dollar 1.188 1.143 Euro 1.735 1.653 Sterling pound 2.176 2.093 NZ dollar 1.116 1.074 US dollar 1.271 1.211 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      161 33 Jul 8 $S Offer Bid 0vernight 0.03 par 1-month 5/16 3/16 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.05 US$ 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
      161 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1042 33 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 3.57 48 Asia-Pacific Strategic W*****6 3.8 unch 729 1 2 58 Ratio Exer Asiatic Grp(Hldgs) Ltd W*****5 2.3 unch 935 0.0 2 14 Asiatravel.com
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    • Article
      Lock icon CHICAGO BOT
      109 33 Jul 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1363.00 1387.75 1386.00 1358.00 Aug 14 1273.25 1299.75 1290.00 1269.50 Sep 14 1150.25 1166.75 1158.00 1145.50 Nov 14 1125.50 1133.50 1128.50 1116.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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    • Article
      Lock icon LIFFE
      95 33 Jul 7 COCOA (£/tonne) Close Prev High Low Jul 14 1948 1952 1953 1940 Sep 14 1924 1924 1929 1916 Dec 14 1903 1902 1906 1894 Mar 15 1891 1891 1896 1882 COFFEE(US$/tonne) Close Prev High Low Jul 14 2038 2053 2058 2051 Sep 14 2038 2056 2068 2032
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 33 CRUDE OIL PRODUCTS Jul 07 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.23 -0.31 WTI (Near Mth) 103.43 -0.34 Dubai (1-Mth F) 107.05 -0.19 Tapis blend 112.46 -0.40 Minas 108.06 -0.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.44 -0.64 Jet Kerosene 119.49 -0.53 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 33 Jul 8 S$ Bid Offer 1-month 1.2448 1.2458 2-months 1.2448 1.2458 3-months 1.2447 1.2458 6-months 1.2446 1.2456 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 33 Jul-07 Jul-07 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1892.25 1893.25 3 months 1924.00 1923.00 Copper, Grade A(US$/tonne) Cash 7126.00 7161.00 3 months 7125.00 7150.00 Lead(US$/tonne) Cash 2163.25 2153.00 3 months 2193.00 2181.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.75 *****.00 3 months
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  • executive Money
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      Lock icon From stocks to farmland, all’s booming or bubbling
      1148 34 Around the world, nearly every asset class is expensive by historical standards NYT [NEW YORK] In Spain, where there was a debt crisis just two years ago, investors are so eager to buy the government’s bonds that they recently accepted the lowest
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    • Article, Illustration
      Lock icon Foreign investors bullish on Indian shares, pay premium
      985 34 Bloomberg [MUMBAI] International demand for Indian equities is so strong that foreign-ownership limits have been breached at 17 of the biggest listed companies, and the premium paid for those shares is surging. The bullishness has prompted Indian companies such as Bharti Airtel
      Bloomberg  -  985 words
    • Article, Illustration
      Lock icon A new era of opportunity for Asian equity investors
      1232 35  -  Despite prospects of slow growth, they can reap healthy returns if history’s lessons are any guide MONEY MATTERS NG SOO NAM The writer is head of Asian equities, Threadneedle Investments THE pace of economic growth in Asia will inevitably slow as
      1,232 words
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      326 34 6WEECHOYAWSINGAPORE-CHINAFINANCEANDBANKINGFORUM,SINGAPOREFriday, 25 July 2014 2.30pm 5.00pm Four Seasons Hotel Singapore Lingua Franca: English th Rethinking the Concept of Service in the Financial Services Industry Good customer service remains the heart-beat of the banking industry, as it is in most other sectors. The demands and expectations for quality service increase correspondingly
      326 words
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      149 35 I CHOOSE THE PATH. IG PROVIDESTHE PLATFORM" G FX TIGHT SPREADS o >■? > OO -D Yt >! -V J TRADE YOUR WAY WITH SINGAPORE'S No.l FX PROVIDER* Whatever your forex trading style, we have the platform, tools and technology to support you. Get competitive spreads from 0.8 pips, and
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  • Article, Illustration
    Lock icon 2014 Mid-Year Outlook: Caught in Cross-currents
    1162 36  -  The 2014 full-year outlook shows a stronger external tailwind in second half of 2014 though the lift to growth will likely be modest at best, while domestic headwinds will remain formidable. In this first feature of a three-part weekly series, Citi's Kit Wei Zheng
    1,162 words
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      346 36 Citigold Private Client Opportunities. Which do you choose? Our Citigold Private Clients have access to research and advisory for that additional edge that lets them harness potential opportunities globally. Leverage on our proprietary tools like the portfolio risk evaluator tool* to understand your risks so that you can invest with
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