The Business Times, 11 July 2014

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Microfilm: NL33180
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, July 11, 2014G
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  • Article
    Lock icon 3-way merger talks begin on creating biggest KL bank
    1059 1  -  Central bank gives nod to CIMB and RHB to start merger talks with Malaysia Building Society By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT [SINGAPORE] It is a bumper of a deal this merger between Malaysia’s CIMB Group and RHB Capital, which never quite
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  • Article, Illustration
    Lock icon Reform push is biggest winner in Indonesia polls
    755 1  -  By in JEFFREY HUTTON in Jakarta AS the world’s third largest democracy settles in for a two-week wait for the final results of Wednesday’s presidential polls, the biggest winner is almost certainly the cause of reform. While the contest between Jakarta Governor
    PHOTO: AFP  -  755 words
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      95 1 ARTS Drawing Singapore from a single look PAGE 30 INDIA BUDGET A case of funding gaps PAGE 2 PROPERTY BT Property Classifieds EXECUTIVE LIFESTYLE The World Cup Awards PAGE 28 PAGES 20 21 8 11 887 1 8 1 11 *****4 See Page 2 for Markets Digest table Read Boardroom
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  • TOP STORIES
    • Article, Illustration
      Lock icon US Ex-Im Bank faces stiff Asian competition
      1030 2  -  It’s also battling for survival as critics say it interferes with free market b y vikram@sph.com.sg VIKRAM KHANNA vikram@sph.com.sg [SINGAPORE] The United States Export-Import Bank (Ex-Im Bank) is seeking to promote win-win arrangements between Asian and US companies, but is facing stiff competition
      PHOTO: ARTHUR LEE  -  1,030 words
    • Article
      Lock icon Fiscal deficit target kept at 4.1% of GDP
      497 2 Reuters [NEW DELHI] Indian Prime Minister Narendra Modi’s new government yesterday unveiled a first Budget that seeks to revive growth and curb borrowing, but left open questions on how it will reduce the fiscal deficit and restore investor confidence. Expectations had been
      Reuters  -  497 words
    • Article, Illustration
      Lock icon India budget marred by funding gaps
      759 2  -  NEWS ANALYSIS By in YOGI AGGARWAL in Mumbai THE first Budget of the new BJP government presented by finance minister Arun Jaitley distinguishes itself from the previous one in the boost it gives to financing the construction industry and its attempt to get infrastructure
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    • THREE-MINUTE DIGEST
    • MARKETS DIGEST
      • Article
        Lock icon FOREX
        65 2 HST INDEX 3,269.50 (-5.96) HST INDEX FUTURES 3,266.00 (-6.00) HSIMSCI 371.86 (-0.63) HSIMSCI FUTURES 370.40 (-0.80) US$ S$ US$ (S$ per US$) 1.242 (US$/S$ per 1.713 2.127 EURO (US$/S$/€ 1.363 1.693 Foreign currency per US$ S$ YEN 101.50 81.80 RM 3.177 2.559 HK$ 7.750 6.241 BAHT 32.21 25.94 RUPIAH
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      • Article
        Lock icon MARKETS
        49 2 Thursday Change KL COMP 1,892.62 +1.46 NIKKEI 225 15,216.47 -86.18 HANG SENG 23,238.99 +62.92 SET INDEX 1,518.01 +10.09 JAKARTA COMP 5,098.01 +73.30 MANILA COMP 6,937.21 +33.42 SEOUL COMP 2,002.84 +2.34 SHENZHEN B 864.93 +3.79 MUMBAI IND 25,372.75 -72.06 12 noon EDT Change DOW 16,889.56 -96.05 NASDAQ 4,390.17 -28.86
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      • Article
        Lock icon PRIME RATES
        20 2 SINGAPORE 5.35 HONG KONG 6.55 HONG KONG 5.00 INDONESIA 14.951 BRITAIN 5.036 JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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    • Article
      Lock icon Tighter JTC subletting rules seen crimping Reits
      770 4  -  Pace of acquisitions likely to slow; creation of anchor tenants’ market expected By leemx@sph.com.sg LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] JTC’s tightening of its subletting rules is expected to affect the Reits market here. For sure, it will temper sale and leaseback transactions where
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    • Article
      Lock icon Report: Only top 5% of private-equity funds meet expectations
      821 4  -  By MICHELLE QUAH By michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] Only the top 5 per cent of private-equity (PE) funds consistently meet investor expectations, while the rest generally underperform. The gap between expectations and returns is also particularly pronounced among emerging-market funds. These are
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    • Article, Illustration
      Lock icon Europe’s market rally may not go on: fund manager
      644 4  -  Winkelmann prefers to pick stocks, such as SAP, Richemont By haoxiang@sph.com.sg CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT [SINGAPORE] The easy money in Europe has already been made and, going forward, the market rally might not be sustained, said a top-rated fund manager managing
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    • Article, Illustration
      Lock icon Robben still haunted by 2010 World Cup ghosts
      649 4 AFP [SAO PAULO] The Netherlands’ heartbreaking penalty shootout loss to Argentina in the World Cup semi-finals looks to have definitively ended Arjen Robben’s hopes of exorcising his ghosts from the 2010 final. Wednesday morning’s game at the Corinthians Arena had been billed
      AFP; PHOTO: REUTERS  -  649 words
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      34 2 FRONT PAGE FRONT PAGE TOP STORIES, PAGE 2 COMPANY NEWS, PAGE 6 COMPANY NEWS, PAGE 7 COMPANY NEWS, PAGE 9 SINGAPORE NEWS, PAGE 10 MALAYSIA/INDONESIA, PAGE 11 CHINA, PAGE 12 WORLD NEWS, PAGE 14
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      40 3 BMW 18. ONCE A NOTION, NOW A REALITY See it first at the BMW World 2014. Visit bmwworld.sg m vV. m BMW io am 9i -2* > /T' -•f 3* ’iVv SKC •-.-••Her ';L; BMW EfficientDynamics Less consumption. More driving pleasure.
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      89 4 Guess the score win a Sony 4K TV! Germany vs Argentina Sony X8500B 55” Here’s your chance to be the first to own the latest 55-inch 4K Sony TV! Just guess the correct scoreline of the above match and you could win the newest Sony TV with superior colour reproduction.
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      139 5 THE KEY TO AN EXTRA ORDINA R Y LIFE IS QUITE LITERALLY A KEY. THE ABSOLUTE OPPOSITE OF ORDINARY I INTRODUCING THE NEW GHIBLI FROM $340,000" I GHIBLI.MASERATI.COM I THE NEW MASERATI GHIBLI IS POWERED BY A RANGE OF ADVANCED 3.0 LITRE V6 ENGINES WITH 8-SPEED ZF AUTO ENGINE: V6
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  • COMPANY NEWS
    • Article
      Lock icon Myanmar hype over but new firms may make fresh waves
      525 6  -  Early entrants seeking foothold there see varying degrees of success By AMANDA EBER aeber@sph.com.sg ENTHUSIASM surrounding business expansions into Myanmar has flagged, although there is still optimism about a potential second wave of firms entering the country in the near
      525 words
    • Article, Illustration
      Lock icon Starburst shares up by more than a third on debut
      249 6  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT STARBURST Holdings, which designs fire-arms-training facilities, made an impressive entrance on Singapore’s Catalist board yesterday. It came out of the gates at 43 cents per share 12 cents, or 38.7 per cent higher than its
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    • Article
      Lock icon Hong Leong-linked First Sponsor Group launches IPO
      465 6  -  China-based developer offers shares at $1.50 apiece By KELLY TAY kellytay@sph.com.sg @KellyTayBT FIRST Sponsor Group Ltd (FSGL), a developer of residential and commercial properties in China, yesterday launched its Singapore mainboard initial public offering (IPO) of 34.05 million shares at $1.50 each. The
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    • Article, Illustration
      Lock icon Ezra in move to make Oslo unit a major Asia-Pacific player
      668 7  -  EMAS Marine to be absorbed by EOC, which will then seek secondary listing here By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT EZRA Holdings has unveiled plans to consolidate its offshore support services division, EMAS Marine, into its Oslo-listed associated company, EOC
      FILE PHOTO  -  668 words
    • Article
      Lock icon Pricing for DBS floating, fixed rate notes
      253 7  -  Net proceeds to be used for finance and treasury activities By KELLY TAY kellytay@sph.com.sg @KellyTayBT DBS Group Holdings yesterday priced its issue of US$750 million fixed-rate senior notes and US$500 million floating-rate senior notes, both due 2019. The fixed-rate notes will bear a
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    • Article
      Lock icon Triyards Q3 net falls 17% to US$6.3 million
      320 7  -  By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT OFFSHORE vessel fabrication and engineering solutions provider Triyards Holdings has posted a third-quarter net profit of US$6.3 million, down 17 per cent from US$7.5 million a year ago. Revenue for the three months ended May 31, 2014
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    • Article, Illustration
      Lock icon Asia-Pac airline stocks steady despite jet fuel turbulence
      550 9  -  Conflicts in Iraq push crude oil prices higher on fears of supply disruptions By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SHARE prices of Asia-Paci-fic carriers remained largely stable last month compared to May, while global airline shares underperformed the broader market. Rising jet fuel
      PHOTOS: REUTERS, BLOOMBERG  -  550 words
    • Article
      Lock icon Asian HNWIs look afield for better returns
      368 9  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT ASIAN high-net-worth individuals (HNWIs) are increasingly looking to invest beyond their domestic markets, seeking out differentiated products with higher potential yields and greater stability. This fact comes from a research note released yesterday by East Partners, based on
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      538 6 The Foundation of Career Success Who should attend: Sales, marketing and service professionals; executives, supervisors, managers, team leaders and other general managers. 2014 JULY SERIES FULL-DAY WORKSHOPS Mental Toughness for Breakthrough Sales Performance 23 JUL '14 WEDNESDAY SPH News Centre (9.30am to 6.00pm) An empowered and tough mind can give
      538 words
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      310 7 The Ritz-Carlton Residences® Kuala Lumpur, Japan Sultan Ismail THE NAME DEFINES YOUR HOME It’s Yours to Own ep m oil m i* i?C! .•.w ■L !*Vi ,K< < Luxury Services Luxury Amenities Luxury Surroundings Certain properties distinguish themselves with a location that cannot be duplicated nor recreated, with amenities and
      310 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Early recovery fizzles out
      564 8  -  STI rises 16 points to intraday high of 3,291, but drops to end the day about six points lower STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE Straits Times Index, having lost about eight points on Wednesday, yesterday first rose 16 points to an intraday high
      Source: Bloomberg  -  564 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jul 10 VALUE CLOSE BT OB/OS -36.00 -67.00 BT CADI -*****.00 -8.00 BT 10-day MA -*****.00 -3.00 FTSE ST Mid Cap 774.74 +2.14 FTSE ST Small Cap 563.91 +0.05 FTSE ST All Share 798.88 -0.75 FTSE ST China Top 198.79 -0.22 FTSE ST China 225.98 -0.11 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME IHC 68,080,000 Artivision Tech 66,341,000 APAC Strategic 57,829,000 Vallianz 44,178,000 Ellipsiz 44,020,000 Blumont 39,928,000 KLW W*****0 38,769,000 SMJ Intl 36,376,000 Golden Agri-Res 33,448,000 Oceanus 32,121,000 VALUE($) JMH 400 USD 55,222,646 UOB 49,550,810 Ezion 47,002,345 SingTel 44,605,540 DBS Grp 36,491,665 HongkongLand USD 32,861,944 OCBC Bank 30,514,701 Global
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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 8 6 1 0 0 0 8 6 1 Manufacturing 43 51 46 1 12 7 44 63 53 Commerce 20 23 19 3 6 4 23 29 23 Tpt/Stor/Comms 13 17 14
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,674 24,674 54,065 54,065 Manufacturing 301,395 103,227 404,622 102,152 9,586 111,737 Commerce 107,081 113,256 220,337 123,096 21,154 144,250 Tpt/Stor/Comms 101,267 1,910 103,177 114,917 221 115,137 Finance 20,802 1,453 22,255 125,106 426 125,531 Construction 20,162 26,162
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    • BROKERS’ TAKE
      • Article
        Lock icon Offshore Oil and Gas Services
        291 8 DBS Group Research, July 9 WE hosted some of Singapore’s premier offshore support companies at our Pulse of Asia conference last week which attracted many investors. The companies agree that the offshore support vessel (OSV) market remains strong with continued enquiries for tonnage, and rates
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      • Article
        Lock icon United Envirotech
        277 8 July 10 close: S$1.425 DBS Group Research, July 10 THERE is more than meets the eye. Despite trading at above its historical average, United Envirotech (UENV) recently announced that it has been approached by an interested party to explore a potential share sale. We are not surprised by
        277 words
      • Article
        Lock icon Tat Hong Holdings
        391 8  -  Compiled by CAI HAOXIANG July 10 close: S$0.88 OCBC Investment Research, July 10 SINCE a disappointing FY2014 (ended March 2014), Tat Hong has undertaken a series of disposals totalling S$72.9 million. This is a sizeable amount that is 124.4 per cent of cash balance as of March
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      119 8 Stock name Close Change Ascendas Reit 2.320 +0.030 CapitaLand 3.210 +0.020 CapitaMall Trust 1.945 +0.015 CityDev 10.200 ComfortDelGro 2.500 DBS Grp 16.970 -0.040 Genting Sing 1.320 -0.005 Global Logistic 2.680 -0.020 Golden Agri-Res 0.545 -0.010 HPH Trust USD 0.735 HongkongLand USD 6.740 +0.050 JMH 400 USD
      119 words
    • Article, Illustration
      Lock icon Yen up as Treasuries rise on haven demand
      475 8 CURRENCIES Bloomberg [LONDON] The yen yesterday appreciated to its strongest level in more than a week against the US dollar as Treasuries rose and stocks slid amid signs of financial stress in Europe. Japan’s currency advanced against all of its 16 major
      Bloomberg; PHOTO: BLOOMBERG  -  475 words
    • Article
      Lock icon RISES
      119 8 BY CENTS CLOSE UP Lyxor Indonesia10US$ 9588 224.7 1.9 Lyxor ThaiSET 10US$ ***** 114.2 0.7 DBXT USDIGInfl 5US$ ***** 109.3 0.3 GLD 10US$ ***** 96.8 0.6 DBXT AUD Bonds 5AU$ ***** 83.8 0.4 DBXT iBoxxUSTr 5US$ ***** 74.5 0.3 DBXT iBoxxSvEu 5US$ ***** 54.6 0.2 DBXT EONIA 5US$ *****
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    • Article
      Lock icon FALLS
      131 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -257.0 -1.6 CMProp 100 HKD 802 -240.0 -65.1 Jardine C&C 4601 -79.0 -1.7 DBXT AUDCS 5US$ ***** -74.5 -0.3 DBXT SPASX200 10US$ 4218 -67.0 -1.3 DBXT MSJAP 10US$ 4708 -62.1 -1.1 DBXT E50 10US$ 5389 -52.1 -0.8 DBXT MSUSA 10US$ 4904
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      179 9 >A The Power of Dreams THE ALL-NEW ACCORD. POWERED BY EARTH DREAMS". With cutting-edge technology, reliable performance, and ultimate refinement, the all-new Honda Accord has arrived in style. The new icon of luxury is set to inspire another generation. Welcome to a new level of sophistication. New 2014 Accord 2.4
      179 words
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  • SINGAPORE NEWS
    • Article
      Lock icon HDB resale prices dip 0.6% in June to hit a two-year low
      455 10  -  Subdued decline points to price stability in coming months: analysts By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT HDB RESALE prices continued to slip for the fifth consecutive month, registering a 0.6 per cent dip in June from May and marking
      455 words
    • Article, Illustration
      Lock icon MBS gives back in Sands for Singapore festival
      308 10  -  By CAI YONG caiyong@sph.com.sg MARINA Bay Sands (MBS) is bringing back the Sands for Singapore Festival for a second run. This follows last year’s success, which saw $3.6 million raised for charities such as the Community Chest, Art Outreach and the Singapore
      308 words
    • Article
      Lock icon McCann S’pore gets new CEO
      256 10  -  By SHEENA TAN tsheena@sph.com.sg CRAFT Worldwide’s regional managing director for the Asia-Pacific, Robert Doswell, has been appointed chief executive officer of advertising agency McCann Singapore on top of his current position at Craft. He replaces Benjamin Lightfoot, who is stepping down after three years as
      256 words
    • Article, Illustration
      Lock icon Sembawang EC tender result reflects softer market
      446 10  -  Just 4 bids received; top bid of $320 psf ppr from Frasers, Keong Hong tie-up By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT A STATE tender for an executive condominium (EC) site in Sembawang Avenue has drawn just four bids, reflecting the soft sentiment for ECs
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    • Article
      Lock icon OCBC Bank ends tie-up with cycle race organiser Spectrum
      472 10  -  It will launch new charity event called OCBC Cycle in Singapore and M’sia By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT OCBC Bank has terminated its commercial agreement with Spectrum Worldwide, the organiser of the annual Cycle Singapore race. But the local bank yesterday
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      46 10 2014 MANU FACTURINGSOLUTIONSEXPO Empowering Manufacturing Sectors with Solutions 8 to 10 October 2014 Suntec Convention 8t Exhibition Centre Halls 401 403 ms-expo.com m 4 7 m > I To Exhibit: Tel: +65 6319 4021 Email: mse@sph.com.sg To Visit: Pre-register at ms-expo.com Organised by: sphere A SUBSIDIARY OF
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      19 10 JULYISSUEOUTNOW! Free gifts by PROLiNK with this promo card. Exclusive for HWM print readers. While stocks last. Visit www.hardwaremag.com
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia central bank stays hand on key rate
      557 11 Move is consistent with efforts to limit inflation, improve current account Re uters [JAKARTA] Indonesia’s central bank on Thursday kept its key reference rate unchanged at 7.50 per cent as expected. Bank Indonesia (BI) said that the decision to keep rates unchanged
      Reuters; PHOTO: BLOOMBERG  -  557 words
    • Article
      Lock icon Malaysia palm oil stocks at 12-month low
      543 11 Reuters [KUALA LUMPUR] Malaysian palm oil stocks at end-June fell to their lowest in a year, official data showed yesterday, dropping below market expectations as dry weather in the world’s No 2 producer curbed yields of the tropical oil amid stronger global demand.
      Reuters  -  543 words
    • Article
      Lock icon KL’s Bank Negara ups interest rate to 3.25%
      313 11 [KUALA LUMPUR] Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points to 3.25 per cent, the first time since May 2011, as it expects the overall economic growth momentum to be sustained, Malaysian daily The Star
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      477 11 Find Next-Gen Business Solutions to achieve your k business goals more A effectively! ASIA www.OfficExpoAsia.com a 4s See the latest trends in Workspace Design k Ergonomics! A See Advanced Printing Technologies and products! 16 18 July 2014 10:30am 6.30pm (Wed Thurs) 10:30am 5.30pm (Fri) Marina Bay Sands Expo Convention Centre,
      477 words
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  • CHINA
    • Article
      Lock icon Alleged money laundering by BOC under probe
      532 12 CCTV report claims Bank of China broke rules on transferring money overseas Bloomberg [BEIJING] China’s central bank and currency regulator are investigating a state media report that alleged Bank of China Ltd (BOC) broke rules on transferring money overseas, two government officials familiar
      Bloomberg  -  532 words
    • Article, Illustration
      Lock icon June trade rises, but misses forecasts
      619 12 Reu ters [BEIJING] China’s trade performance improved in June but still missed market forecasts, reinforcing expectations that Beijing will have to unveil more stimulus measures to stabilise the economy and meet its 2014 growth target. Exports rose 7.2 per cent in June from a
      Reuters; PHOTO: REUTERS  -  619 words
    • Article
      Lock icon Chinese hackers hunt personal data on key US federal workers
      946 12 NYT [WASHINGTON] Chinese hackers in March broke into the computer networks of the US government agency that houses the personal information of all federal employees, according to senior US officials. They appeared to be targeting the files on tens of
      NYT  -  946 words
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      979 12 NOTICE TO ALL SHAREHOLDERS OF GEMS TV HOLDINGS LIMITED from MOUNTING HOLDINGS LIMITED (Incorporated in the British Virgin Islands) (Company Registration Number *****87) EXIT OFFER (“EXIT OFFER”) BY MOUNTING HOLDINGS LIMITED (THE “OFFEROR”) FOR ALL THE ISSUED ORDINARY SHARES IN THE CAPITAL OF GEMS TV HOLDINGS LIMITED (THE “COMPANY”) IN
      979 words
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  • WORLD
    • Article, Illustration
      Lock icon Club Med suitor Bonomi meets trade unions
      458 13 Reu ters [PARIS] Club Mediterranee suitor Andrea Bonomi met trade unions yesterday morning to outline his plan for the French holidays group amid fears of possible job cuts in its home market, where it has been underperforming. Mr Bonomi is now Club Med’s
      Reuters  -  458 words
    • Article
      Lock icon Bank of Korea trims growth outlook
      463 13 Bloomberg [SEOUL] The Bank of Korea has cut its growth outlook for this year and said that inflation was picking up more slowly than expected, after leaving interest rates unchanged. Governor Lee Ju Yeol said yesterday that the central bank lowered its growth forecast
      Bloomberg  -  463 words
    • Article
      Lock icon Fed to end bond-buying programme in October
      884 13 Move signals central bank’s confidence the economy is gaining strength NYT [WASHINGTON] The Federal Reserve said on Wednesday that it planned to stop adding to its bond holdings in October, in a sign of its confidence that the economy is gaining strength even
      NYT  -  884 words
    • Article, Illustration
      Lock icon Aussie jobless rate back to decade high in June
      423 14 Full-time jobs fall amid ‘challenging’ conditions; more people look for work AFP [SYDNEY] Australia’s unemployment rate returned to a decade high of 6.0 per cent in June, data showed yesterday, as the economy shed full-time jobs amid “challenging” conditions and as
      AFP; PHOTO: AFP  -  423 words
    • Article
      Lock icon UK investment bank review too ambitious
      381 14 tSb REUTERS BREAKINGVIEWS [LONDON] First capital, then conduct, now competition. Regulators keep finding reasons to sink their teeth into investment banks. Britain’s shiny new Financial Conduct Authority (FCA) has launched a hugely ambitious investigation into whether competition is working in investment banking, markets and
      381 words
    • Article, Illustration
      Lock icon Learn to govern together, Draghi urges eurozone
      681 14 Reuters [LONDON] European Central Bank president Mario Draghi urged eurozone states to respect their joint fiscal rules and extend their cooperation to economic reforms, telling governments they must “learn to govern together”. While reiterating his message that the ECB is ready to use
      Reuters; PHOTO: BLOOMBERG  -  681 words
    • Article
      Lock icon Seoul’s Audi invasion spurs VW’s first won bonds
      786 14 Bloomb erg [SEOUL] Volkswagen AG’s South Korean finance unit is offering its first bonds in the country after the lure of interest-free credit and a strengthening won doubled its business. “More and more people around me are buying imported cars,” said Nam
      Bloomberg  -  786 words
    • Article
      Lock icon Right to be forgotten a headache for Google
      702 15 It is rapped from all sides for hiding search results to comply with EU court order Bloomberg [BRUSSELS] “Google it” is synonymous with seeking information. Now Google Inc is struggling with a new rule: “Hide it”. The world’s biggest search engine company
      Bloomberg  -  702 words
    • Article, Illustration
      Lock icon Doubts surface over Banco Espirito Santo
      570 16 Creditors pay no heed to central bank assurances after missed payment Bloomberg [LISBON] Central bank assurances that Portugal’s Banco Espirito Santo is protected after a parent company missed short-term debt payments are failing to ease creditor concern they may also suffer losses. The bank’s
      Bloomberg; PHOTO: REUTERS  -  570 words
    • Article
      Lock icon Bank of England maintains record low interest rates as expected
      743 16  -  But economists say a small increase is likely in Q4 this year By NEIL BEHRMANN in London THE Bank of England (BOE) has kept interest rates at lows of 0.5 per cent, but the market expects a small increase in
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    • Article
      Lock icon Plunge in Japan’s machinery orders triggers alarm bells
      568 16  -  By ANTHONY ROWLEY in Tokyo A DRAMATIC and record drop of nearly a fifth in the value of Japan’s “core” machinery orders between April and May triggered alarm bells in the Tokyo stock market and elsewhere yesterday, over whether Japan’s economic recovery
      568 words
    • Article
      Lock icon Cyber risks growing for industrial control systems
      387 16 AFP [WASHINGTON] Cybersecurity threats are rising for industrial control systems around the world, a growing target for attackers seeking to wreak havoc, a study showed yesterday. The study by Ponemon Institute and Unisys Corp of 600 technology executives in 13 countries found that
      AFP  -  387 words
    • Article, Illustration
      Lock icon Russia economy stalls, asset flight hits US$75b
      675 17 GDP flat in Q2 after shrinking 0.5% in Q1 following sanctions over Ukraine crisis Reuters [MOSCOW] Russia’s economy is stagnating as data showed on Wednesday that capital worth US$75 billion has left the country so far this year following sanctions against Moscow over
      Reuters; PHOTO: BLOOMBERG  -  675 words
    • Article
      Lock icon Japan’s Fast Retailing trims forecast on denim unit woes
      429 17 Reuters [TOKYO] Japan’s Fast Retailing Co cut its full-year net profit forecast 14 per cent to account for a possible impairment loss at a money-losing premium denim business, even as strong overseas sales at its flagship Uniqlo brand helped third-quarter operating
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    • Article
      Lock icon Nike, Man United parting ways after 13 years
      435 17 NYT [LONDON] After 13 years, Nike and Manchester United are calling it quits. Nike has announced that it would end its role as the English soccer powerhouse’s primary equipment supplier after the coming season, in which the team’s jerseys will feature the
      NYT  -  435 words
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      40 14 PabienbCare 2014 12 -14 August 2014 Sunway Pyramid Convention Center, Malaysia <? SBlS*5 iV’m .4 1 m 24 P h S*S H Kl 0S& -4^— To register, contact Lily at +65 6848 5372 or email at lily@sphereconferences.com www.mypatientcare.sphereconferences.com Organised by sphere
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      104 14 IFBO VIETNAM 2014 International Franchise Business Opportunities 4-6 September 2014 10.00am 5.00pm Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam International franchise brands and business concepts under one roof Get free lessons on franchising from the experts! Pick up useful tips on doing business in Vietnam *Enjoy preferential
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      3675 15 The Business Times Ik 1 1 Toll free 1800-289-8822 I I Email noticesgsph.com. sg J V www.sphclass.com.sg/notices LOTTVISION LIMITED (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2014 Annual General Meeting of LOTTVISION LIMITED (the “Company”) will be held at M Hotel, Anson II
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  • Page 16 Advertisements
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      8 16 IN THE MORNING -WEEKDAYS 6 AM-10AM-D facebook.com/kiss92fm www.kiss92.sg
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      46 16 INTEGRATION CUP 2014 !Goodie bag worth more than $200 !Jaguar XJ, hole-in-one prize Sign up at www.golfdigest.com.sg DOING GOOD, MAKING MONEY More people are setting up social enterprises in Singapore FROM ALL 7-ELEVEN OUTLETS GET YOUR COPY TODAY TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      31 16 4If 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. Want access to BBQ pits?
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      1931 17 The Business Times Ik f 1 Toll free 1800-289-8822 I I I B Email noticesc5Jsph.com.sg I M I B i B j ij www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WINWILL INVESTMENT PTE LTD (Co. Reg. No.: *****3966H) (In Members’ Voluntary Liquidation)
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      191 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LITTLEWOODS INTERNATIONAL (ASIA) PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****4793C) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
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  • EDITORIAL & OPINION
    • Article
      Lock icon Temasek must expand more outside Asia
      494 18 EDITORIAL AT first glance, Temasek Holdings’ announcement of its portfolio results for the year ended March 31 seems disappointing. One-year total shareholder return was 1.5 per cent, underperforming its internal risk-adjusted hurdle rate of 8 per cent by a wide margin. It also underperformed
      494 words
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      Lock icon China can fill void created by ‘quitters’ with more PRs
      799 18  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA seems to be an increasingly confident actor on the world stage, but within the country there is a serious lack
      799 words
    • Article, Illustration
      Lock icon A North Korean probe that may open many doors
      1011 18  -  Pyongyang agreeing to look into abduction of Japanese nationals has wider implications ANTHONY ROWLEY Tokyo Correspondent THERE may be more (possibly much more) than meets the eye to the fact that North Korea has finally agreed to conduct a full-scale investigation
      PHOTO: REUTERS  -  1,011 words
    • Article, Illustration
      Lock icon W-Cup: More inflation than growth for Brazil
      1633 19  -  Postive effects, if any, from staging such sporting mega events are short term; the long-term results are often neglible or negative By ORDÓÑEZ LUDOVIC SUBRAN, DANIELA ORDÓÑEZ, LUCAS SONGEUR The writers are, respectively, chief economist, economist and research assistant from Euler Hermes, part
      PHOTO: REUTERS; Sources: Banco Central do Brazil, Euler Hermes  -  1,633 words
    • Article, Illustration
      Lock icon Need to take systemic risk seriously
      860 19  -  By SIMON JOHNSON The writer is a professor at MIT’s Sloan School of Management and the co-author of ‘White House Burning: The Founding Fathers, Our National Debt, And Why It Matters To You’ Project Syndicate THERE are two leading views about the world’s financial
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    • Article
      Lock icon Persistent high oil prices a blessing more than a curse
      769 19  -  Hi REUTERS BREAKINGVIEWS By KEVIN ALLISON THE five-year average oil price has entered triple digits for the first time. The occasion didn’t receive as much publicity as crude’s first trade above US$100 a barrel in early 2008. But the rise
      769 words
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  • PROPERTY
    • Article
      Lock icon Shanghai allows record home prices by builder
      486 20 Developer can set prices for its units as high as 298,000 yuan per sq m Bloomberg [SHANGHAI] Shanghai, China’s financial centre, has approved a developer to seek the highest ever home prices in the city, in an effort to boost its sluggish luxury-home
      Bloomberg  -  486 words
    • Article
      Lock icon Eastern China city relaxes home curbs
      347 20 Reuters [BEIJING] A city in eastern China has removed restrictions on home purchases to allow people to buy more properties, underlining increasing pressures on local governments to safeguard their revenues and counter the faltering economy. The government in Jinan in Shandong province started allowing
      Reuters  -  347 words
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      Lock icon Reit leads US$700m deal for St Regis stores
      276 20 Bloomberg [NEW YORK] Vornado Realty Trust is leading a partnership to buy the retail portion of the St Regis Hotel on Manhattan’s Fifth Avenue for about US$700 million, gaining space on one of the world’s most expensive shopping corridors. The real estate
      Bloomberg; PHOTO: BLOOMBERG  -  276 words
    • Article, Illustration
      Lock icon NY landlords fight tenants in buyout battle
      1427 21 But tenants stand their ground, demanding suitable alternative accommodation NYT [NEW YORK] The first offer from the landlord’s representative came in April: take US$90,000 to move out, the tenants said they were told, or the landlord would sue and they would lose their
      NYT; PHOTO: BLOOMBERG  -  1,427 words
  • Page 20 Advertisements
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      548 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The Business Times CLASSIFIED BUY IT SELL IT FIND II D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D10 HOUSE FOR SALE CLUNY A Diamond Plot!
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      133 20 D13 HOUSE FOR RENT DUNSFOLD DRIVE 5500/ built 7500 sf 2-storey+ basement attic with pool. Modern design. Convenient, amenities International schs. Joyce Yong 9698 0098 DTZ D15 HOUSE FOR RENT 80B MEYER ROAD Cluster bunglw. Built-in 6500 sqft. 2-sty attic basement pool. Available immed. $17.5K. Also for sale. Owner 9863
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      387 21 The Business Times Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED D09 APARTMENT FOR RENT ORCHARD VICINITY Watermark 3+1, $5.5K/ Paterson Suites $12K-$14K Rivergate 3+1, $8K/ Orchard Scotts 4 room, $12K Sophia Residence. 1-4 room $4.8K onwards. D09 APARTMENT FOR RENT SOPHIA RESIDENCE Sophia Residence (New). 1432 sf, 3+1,
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      72 21 D22 WAREHOUSE FOR SALE TUAS WESTLINK 2 Ramp up access to all levels. Wide frontage. Column free layout. 2390sf, Ask $798K. Good investment! Haleem Buthusa 9022 0980 D13 WAREHOUSE FOR RENT QUARTZ B1 Quartz industrial Building, Freehold, Aljunied Link. Fully fitted. Warehouse/ Office. 2315 sqft Grab fast!!! 9106 3807 Nellie
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Modi govt aims to prevent collapse of aviation industry
      651 22  -  Delhi seeks to abolish archaic rules; carriers may narrow losses in FY2015 By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT OVER-REGULATION is just one challenge facing the Indian aviation industry. It also struggles with an infrastructure shortage as well as high fuel taxes and
      PHOTO: AFP  -  651 words
    • Article
      Lock icon Emirates makes US$56b jumbo order for B777Xs
      414 22 Bloomberg [DUBAI] Emirates Airline has placed the largest single order in aviation history, a request for 150 Boeing 777X planes worth US$56 billion, to expand what is already the world’s largest wide-body fleet. The deal for 115 400-seat 777-9Xs and 35 smaller 777-8Xs
      Bloomberg  -  414 words
    • Article
      Lock icon TRANSPORT STOCKS
      243 22 SGX '000 Jul 10 S$ +/-Vol Ch Offshore 0.45 0.01 261 Chuan Hup Hldg 0.29 0.01 101 Jul 10 Cwt Limited...............1.74 0.02 1171 First Ship Lea unch unch 0 Grand Banks 0.27 -0.01 181 Jaya Hold Ltd K1Ventures Chuan Hup Hldg Keppel Corp 10.76 0.01 1947 Mercator Lines
      243 words
    • Article
      Lock icon Etihad plans to launch six new routes in 2015
      470 22  -  Gulf carrier will also increase frequency of existing services By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT ABU Dhabi-based Etihad Airways is expanding its network by launching six routes in the first half of next year. It will also introduce First Class cabins on
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    • Article, Illustration
      Lock icon Maersk, MSC strike new vessel sharing deal
      453 22 Reuters [COPENHAGEN] The world’s top two container carriers, Maersk Line and MSC Mediterranean Shipping Co, have struck a fresh vessel-sharing agreement after a previous three-way pooling deal known as P3 was undone by China’s failure to approve it. Maersk and MSC say that
      Reuters; PHOTO: AFP  -  453 words
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      474 23 The Business Times Shipping times 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
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      406 23 C a il a n E n n o r e J e d d a h B r Shanghai■ Chittagong i s b a n e H o n g Ho Chi Minh J e b e lA K o n g NYK RORO (ASIA) PTE. LTD. REGULAR SERVICE
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      287 23 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TONSBERG FF425 29/06 01/07 03/07 10/07 16/07 TARAGO FF427 21/07 23/07 25/07 30/07 06/08 PARSIFAL FF428 25/07 29/07 31/07 03/08 08/08 14/08
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      999 24 Shipping Times TOLL MARINE LOGISTICS PERKINS SHIPPING (SINGAPORE) PTE LTD LOYANG OFFSHORE SUPPLY BASE, LOYANG CRESCENT, BLK 103, TOPS AVE 1, #08-01, SINGAPORE *****8. MAILBOX NO. 5013 CR NUMBER: **********0G OPERATOR CODE: PV WEEKLY CONTAINER CONVENTIONAL SERVICE TO EAST TIMOR NORTHERN AUSTRALIA VESSEL VOY ETA SIN ETD SIN ETA DILI
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      Lock icon Page 24 Advertisements Column 2
      253 24 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION SIANIRI 06/14 15/07 17/07 BELITUNG/PKL BALAM SRI JAYA 8 16/14 12/07 14/07 JAMBI/PEKAN BARU FAJAR MAS 13/14 14/07 16/07 PALEMBANG/PANJANG BERJAYA I 10/14 15/07 17/07 BENGKULU/PADANG BERJAYA II 08/14 16/07 18/07 BELAWAN/LHOKSEUMAWE SINOPA 07/14 16/07 18/07 SABANG/MALAHAYATI
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4132 25 Transaction date: Jul 10 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 147 +2.5 920
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    • Article
      Lock icon SGX CATALIST
      365 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32 23 t 3Cnergy 500 Last Vol Day 1.9 0.9 t Advanced Systems 1 unch 13 1 1 1 1.1 19.5 Last Quote Div
      365 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10394 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited 1.59/ EM Local Ccy Bond Aberdeen Asset Mat Asia Limited Global Emerging Markets!** P (*c China Opportunities USD!** Global Emerging Markets USD Asian Smaller Cos 1 Global Opportunities USD India
      10,394 words
    • Article
      Lock icon GLOBALQUOTE
      236 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last Vol 343 215 TanChongInt HK326 +1 210 326 325 325 326 9.7 3.2 3.2 6565.3 DISCLAIMER: All information is published “as is” without warranty of any
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    • Article
      Lock icon SGX ETF
      1100 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF 115.2 +0.2 12 115.2 115.2 115 115.3 525.9 135.5 119 CIMB APAC Div 100S$D 131 -0.5 10 131 131 130.7
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      646 27 Jul 10 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.30 *****.78 *****.43 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****2 Dec14 *****.00 *****.00 *****.00 *****.00 0 ***** MSCI TAIWAN INDEX FUTURES SPOT 345.80 347.64 345.44 Jul14 341.30 344.90 340.00 344.50 ***** *****3 Aug14 338.50
      646 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jul 9 Index Change Change Change Change Change Change World Preliminary 1236.3 0.0 4.4 0.0 3.2 0.1 4.9 EAFE Preliminary 967.0 -0.2 1.1 -0.2 0.8 -0.1 2.5 Europe Preliminary 1385.4 0.0 2.2
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 27 Jul 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.000 5.813 0.688 7.266 56.006 108.492 0.952 9.500 2.978 1.063 92.461 40.659 1.164 10.045 0.836 28.028 30.192 0.547 0.938 Canada 1.000 5.816
      471 words
    • Article
      Lock icon SIBOR
      39 27 Jul 10 (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
      78 27 Jul 10 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-19 106.62 106.70 106.70 10-Year NX*****H 2.750 01-Jul-23 103.7 103.85
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    • Article
      Lock icon PRECIOUS METALS
      120 27 Jul 10 GOLD(US$/oz) Jul 10 Jul 09 Hong Kong 1332.00 1327.00 Jul 09 Jul 08 London 1323.65 1315.28 1323.95 1315.90 Source: Thomson Reuters CAST BAR Jul 10 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 80 51 5gm 320 265 10gm 597 533
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    • Article
      Lock icon PALM OIL
      57 27 Jul 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2450.0 2440.0 2455.0 2447.0 51 666 Aug 14 2386.0 2396.0 2424.0 2380.0 967 ***** Sep 14 2350.0 2373.0 2396.0 2349.0 ***** ***** Oct 14 2357.0 2358.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Jul 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1637 1.1645 0.9373 0.9377 Canadian dollar 1.1641 1.1651 0.9382 0.9376 Euro 1.6924 1.6931 1.3632 1.3633 NZ dollar 1.0944 1.0954 0.8815 0.8820 Sterling pound 2.1264 2.1274 1.7128 1.7130
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    • Article
      Lock icon CHICAGO BOT
      109 27 Jul 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1334.50 1329.75 1337.50 1314.00 Aug 14 1246.50 1248.50 1253.50 1231.25 Sep 14 1132.00 1140.75 1141.75 1124.50 Nov 14 1103.75 1116.25 1117.50 1100.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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    • Article
      Lock icon LIFFE
      95 27 Jul 9 COCOA (£/tonne) Close Prev High Low Jul 14 1933 1952 1954 1920 Sep 14 1912 1931 1935 1903 Dec 14 1893 1911 1915 1885 Mar 15 1885 1902 1903 1875 COFFEE(US$/tonne) Close Prev High Low Jul 14 2058 2065 2073 2061 Sep 14 2056 2063 2076 2055
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      996 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.6 -0.5 1 0.3 1 -56 3.82 48 Asia-Pacific Strategic W*****6 3.8 unch ***** 1 2 58 Ratio Exer Asiatic Grp(Hldgs) Ltd W*****5 2.2 unch 660 0.0 2
      996 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Jul 09 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.64 -0.68 WTI (Near Mth) 102.21 -1.36 Dubai (1-Mth F) 105.58 -0.68 Tapis blend 110.67 -1.01 Minas 106.27 -1.01 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.67 -0.19 Jet Kerosene 117.99 -0.88 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Jul 10 S$ Bid Offer 1-month 1.2415 1.2419 2-months 1.2414 1.2419 3-months 1.2414 1.2419 6-months 1.2413 1.2417 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 27 Jul-09 Jul-09 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1913.25 1912.50 3 months 1939.00 1940.00 Copper, Grade A(US$/tonne) Cash 7143.50 7136.00 3 months 7125.00 7130.00 Lead(US$/tonne) Cash 2174.00 2187.75 3 months 2195.00 2216.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Jul 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.197 1.140 Can dollar 1.187 1.142 Euro 1.733 1.651 Sterling pound 2.170 2.087 NZ dollar 1.121 1.078 US dollar 1.266 1.206 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      158 27 Jul 10 $S Offer Bid 0vernight 0.04 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • executive lifestyle
    • Article, Illustration
      Lock icon The World Cup Awards
      1017 28  -  Ahead of the upcoming Argentina-Germany finals, BT relives the footballing drama of the past four weeks while handing out trophies to those who made the news during this World Cup. By DYLAN TAN ByDYLAN DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT The Hunger Games Award: Luis Suarez (Uruguay) BEFORE
      PHOTO: REUTERS  -  1,017 words
    • CINEMA/TV/MUSIC
      • Article, Illustration
        Lock icon Nothing to go ape about
        575 29  -  It’s just another instalment in the long-running film franchise damning humanity, writesGEOFFREY GEOFFREY EU APES love to monkey around in general, but studies have also shown them to be adept at forming political groups and exhibiting other human-like tendencies. So it isn’t that much of
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      • Article, Illustration
        Lock icon A comedy that may put you to sleep
        501 29  -  By GEOFFREY EU IT must have seemed like a good idea at the time but Walking on Sunshine, a deliberately camp (at least I hope it was deliberate), impossibly upbeat and totally dull musical comedy built around a random cache of up-tempo
        501 words
      • Article, Illustration
        Lock icon He draws storyboards based on the logic of the camera
        546 29  -  By RACHEL LOI rachloi@sph.com.sg RachelLoiBT WHITE Walkers, direwolves, godswood trees and three-eyed raven. If any of these ring a bell, you must be a fan of Game of Thrones. Other than being part of the hit TV show that drew
        546 words
      • Article, Illustration
        Lock icon Sun shone brightly in new stadium
        504 29  -  By dylantan@sph.com.sg DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT LOCAL singer Stefanie Sun couldn’t have asked for a more appropriate homecoming with the local leg of her ongoing Kepler World Tour last Saturday, making history with the first ever pop concert to be staged at the new
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    • ARTS
      • Article, Illustration
        Lock icon Drawing Singapore from a single look
        635 30  -  Autistic artist will illustrate the skyline from memory after a helicopter ride over the CBD, reportsHELMI HELMI YUSOF helmi@sph.com,sg @helmiBT STEPHEN Wiltshire typically goes on a helicopter ride over a city for about 20 minutes. But those 20 minutes are enough for him to
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      • Article, Illustration
        Lock icon The lasting impact of Japanese ukiyo-e
        460 30  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT ONE of the oldest, most venerated art practices in the world is being celebrated at STPI, Singapore’s top contemporary art space. Ukiyo-e, a type of woodblock printing and painting, flourished in the Edo period of Japan from the 17th
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      • Article, Illustration
        Lock icon A Greek classic roars back to life
        471 30  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT FOR anyone familiar with Greek mythology, the name Medea is often spoken with trepidation. No woman in classical literature is more feared than the powerful sorceress who helped her husband Jason win the Golden Fleece. But when Jason
        471 words
      • Article, Illustration
        Lock icon The story’s the thing
        499 30  -  By rachloi@sph.com.sg RACHEL LOI rachloi@sph.com.sg @RachelLoiBT THE first duty of a storyteller is to tell a story. This is one of the most prominent lines in the 2003 play The Pillowman by Irish playwright Martin McDonagh. It also sums up the sentiment of Couch Theatre’s artistic
        499 words
      • Article, Illustration
        Lock icon Bold moves that redefine dance
        573 31  -  Works by three groundbreaking choreographers will take centrestage at this year’s dan:s Festival. CHEAH UI-HOON reports CHEAH UI-HOON uihoon@sph.com.sg THE iconic da:ns Festival by the Esplanade now well into its ninth year will be headlined by groundbreaking choreographers all set to showcase classical ballet and
        573 words
      • Article, Illustration
        Lock icon Combining two art traditions
        731 31  -  By CHEAH UI-HOON uihoon@sph.com.sg IF there’s one thing Chinese ink painters or calligraphers like about their medium, it must be the way their brushes glide easily across the smooth surface of rice paper. Or, in the case of Low Hai Hong, it’s the lower cost of
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      • Around Town
        • Article, Illustration
          Lock icon Pick of the Week
          202 31 >Ceramicship:Touted as the high point of an ongoing conversation between five South-east Asian ceramic artists, Ceramicship is a platform for each artist to showcase their works; current and recent. The exhibition will feature the works of five clay artists, each from a different Asean nation. More
          202 words
        • Article
          Lock icon Exhibitions
          249 31 Edo Pop The Graphic Impact of Japanese Prints: View over 60 pieces of ukiyo-e prints and ukiyo-e inspired works from Japan’s Edo period (1615-1868) from the Minneapolis Institute of Arts (MIA), Singapore Art Museum and STPI. Edo Pop: The Graphic Impact of Japanese Prints highlights a popular art form
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          96 31  -  Compiled by GEORGINE VERANO GEORGINE VERANO gverano@sph.com.sg Red by Blank Space Theatre: Written by John Logan, this Tony Award-winning play on Abstract Expressionist artist Mark Rothko ponders rudimentary issues including creation and experience and the master-and-apprentice dynamic. Set during one of the most important periods of his life, Red
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        Lock icon Fine wines despite harsh growing season
        1126 32  -  Bordeaux manages to maintain the quality of its 2012 and 2013 vintages at the expense of quantity, NK YONG finds NK YONG IT IS 11am on a summer’s day in Bordeaux; the sun is high in an almost cloudless sky. I am sitting in
        PHOTO: BLOOMBERG  -  1,126 words
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      51 30 Edo Pop: The Graphic Impact of Japanese Prints is on until Sept 13 at STPI, 41 Robertson Quay. Admission is free. There are also special programmes in conjunction with the exhibition, including a talk by artist Bidou Yamaguchi on Noh masks at 11am tomorrow, and a curator’s walk-through at 2.30pm
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      119 30 Stephen Wiltshire will be drawing Singapore’s skyline at the Paragon, Orchard Road, from July 16 to 20 from 10am to 5pm daily, with one-hour lunch breaks at 1.30pm Medea in Media was shown as part of O.P.E.N, the pre-festival event to prepare the audience for the Singapore International Festival of
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      385 31 CRYPTIC CROSSWORD Across 1 Crossing heather pass odd-looking little trees (8) 5 Bad feeling from bishop leaving a cloud (6) 9 Boss going about in old Rover (8) 10 Servant still left attending Queen (6) 12 Ephemeral article is about to be submerged in river (9) 13 Vigilant husband of
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      186 32 non? i&ililiLilil www.vintec-cellar.com Vinrec WINE PRESERVATION TECHNOLOGY SEAMLESS ETIHAD AIRWAYS COMPANION TRAVEL DEAL EXCLUSIVELY FOR VISA CARDHOLDERS BUSINESS CLASS SALE Fares to Belgrade, Dusseldorf, Geneva, Manchester, Milan, Moscow, Munich and Zurich are also available. To book this exclusive VISA Infinite and VISA Signature deal, contact your preferred travel agents or
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