The Business Times, 18 July 2014

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Microfilm: NL33181
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, July 18, 2014
    25 words
  • Article
    Lock icon MH17 crashes in Ukraine; all 295 killed
    306 1 Reu ters AFP [KIEV, Ukraine] A Malaysia Airlines jet crashed in eastern Ukraine yesterday, killing all 295 people aboard. Malaysia Airlines said on its Twitter feed it had lost contact with flight MH17. “The last known position was over Ukrainian airspace,” it said.
    Reuters; AFP  -  306 words
  • Article
    Lock icon NODX slides for a second month
    609 1  -  Drop of 4.6% worse than economists’ forecast of a 2.7% dip By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] The hoped-for trade recovery in the second half grows dimmer as Singapore’s non-oil domestic exports fell last month for a second straight month. The NODX tumbled 4.6
    609 words
  • Article, Illustration
    Lock icon Ease ABSD for Singaporeans, urges Wing Tai boss
    881 1  -  But it should be kept for foreigners as hot money remains an issue By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] Wing Tai chairman Cheng Wai Keung has a solution for the property sector’s angst over the ABSD (additional buyer’s stamp duty): “Keep ABSD
    FILE PHOTO  -  881 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,306.89 (+2.46) GST INDEX FUTURES 3,304.00 (+2.00) HSIMSCI 377.38 (-0.02) HSIMSCI FUTURES 376.80 (-0.10) US$ S$ US$ (S$ per US$) 1.241 (US$/S$ per 1.711 2.124 EURO (US$/S$/€ 1.353 1.679 Foreign currency per US$ S$ YEN 101.50 81.80 RM 3.180 2.562 HK$ 7.751 6.246 BAHT 32.15 25.91 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Thursday Change KL COMP 1,883.14 -3.57 NIKKEI 225 15,370.26 -9.04 HANG SENG 23,520.87 -2.41 SET INDEX 1,535.66 +5.24 JAKARTA COMP 5,071.20 -42.73 MANILA COMP 6,867.36 +33.32 SEOUL COMP 2,020.90 +7.42 SHENZHEN B 878.37 -6.74 MUMBAI IND 25,561.16 +11.44 12 noon EDT Change DOW 17,074.57 -63.63 NASDAQ 4,389.94 -36.03
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE MALAYSIA HONG KONG 5.35 6.55 TAIWAN INDONESIA JAPAN TAIWAN 5.036 JAPAN 1.475 CANADA 9.33 SWITZERLAND 0.50 US Source: Bloomberg
      22 words
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      177 1 LUXE CRUISES A special BT feature PAGES 16-20 PROPERTY Creating buildings for survivors PAGE 24 EXECUTIVE LIFESTYLE Festival’s finest fare PAGES 31-32 Read Boardroom Matters, a series of articles from the Singapore Institute of Directors on issues relevant to listed companies and corporate governance, on BTInvest every Friday: btd.sg/BMatters SFRFRCFRFR
      177 words
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      1 1 8"*****1"*****4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      472 2 NODX slides for a second month THE hoped-for trade recovery in the second half grows dimmer as Singapore’s non-oil domestic exports fell last month for a second month. FRONT PAGE Ease ABSD for S’poreans: Wing Tai boss WING Tai chairman Cheng Wai Keung has a solution: “Keep ABSD
      472 words
    • Article, Illustration
      Lock icon Microsoft to axe 18,000 jobs
      627 2 Larger than expected cuts pave way for leaner firm focused on cloud and mobile Reuters [SEATTLE] Microsoft Corp said yesterday that it will slash up to 18,000 jobs, or 14 per cent of its workforce, this year as it trims its newly acquired Nokia phone
      Reuters; PHOTO: BLOOMBERG  -  627 words
    • Article, Illustration
      Lock icon Strong China-Singapore links go beyond trade: PM
      585 2  -  FUTURECHINA FORUM By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] The bilateral relationship between Singapore and China is one that has flourished ever since the two countries established diplomatic ties back in 1990, said Prime Minister Lee Hsien Loong. Two-way trade has increased enormously in
      PHOTO: KUACHEE SIONG/THE STRAITS TIMES  -  585 words
    • Article
      Lock icon China tackling risk of ‘middle-income trap’ head-on
      480 2  -  By LYNETTE KHOO By lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] While the big question facing China is whether it can escape the “middle-income trap”, it is tackling this risk head-on by restructuring and re-bal-ancing its economy. And as China deviates from its old growth model, new
      480 words
    • Article, Illustration
      Lock icon Auditor-General lists govt agencies‘ lapses
      727 4  -  Mismanagement of grants, wastage of resources among the sins report uncovers By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] For more than two years, the Ministry of Health (MOH) doled out a total of S$64,000 in financial aid to 99 dead Singaporeans. The Inland Revenue Authority of
      Source: Auditex General's Report, FY2013/2014  -  727 words
    • Article, Illustration
      Lock icon Chew again grills Lam on ‘false’ evidence
      629 4  -  He challenges Lam’s assertions about key investment decisions CITY HARVEST CHURCH TRIAL By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] Former fellow City Harvest Church (CHC) mates locked horns in court yet again yesterday, as former CHC board member and church-goer Chew Eng Han continued
      PHOTOS: NEO XIAOBIN/THE STRAITS TIMES  -  629 words
    • Article, Illustration
      Lock icon SICC aims to solve land issues this month
      293 4 [SINGAPORE] The general committee of Singapore Island Country Club (SICC) is expected to meet the authorities and NTUC this month to “reach common grounds” on the final demarcation of its land, for which the government is not extending the lease. This was
      FILE PHOTO  -  293 words
    • Article
      Lock icon Win result increasingly likely for Jokowi
      608 4  -  By JEFFREY HUTTON By in Jakarta WITH the official results of Indonesia’s presidential election only a week away, a win for Jakarta Governor Joko Widodo or Jokowi, as he is better known is increasingly assured. At least seven reputable polling firms and media agencies
      608 words
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      201 words
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      295 2 THE STRAITS TRADING COMPANY LIMITED (UEN/Company Registration No.: *****0008D) (the “Issuer”) NOTICE TO HOLDERS (THE “NOTEHOLDERS”) OF THE OUTSTANDING S$225,000,000 4.30 PER CENT. FIXED RATE NOTES DUE 2016 (ISIN: SG6Q*****459) (THE “NOTES”) NOTICE OF REDEMPTION Reference is made to: (a) The Notes which are constituted by the Trust Deed dated
      295 words
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      135 3 Depuis 1775 N I t i gSKS it Saw" M*%l '.'III H l iinm\#t K&g tmfl'55 mw'3 M tttt N W WT ft. tto fi\ e K K v y 7 A Si > s H >■ Breguet, the innovator. Classique chronograph 5287 The double-seconds chronometer introduced in 1820 was
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      33 5 BMW i w M 0 Sheer Driving Pleasure BMW i8. SCIENCE. NOT FICTION. See it first at the BMW World 2014. Visit bmwworld.sg M F’ XN BMW EfficientDynamics Less consumption. More driving pleasure.
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Delisting not on the cards for Wing Tai
      876 6  -  Chairman says the group wouldn’t go that way to avoid QC rules, calls for the rules to be lifted BY KALPANA RASHIWALA ka|pana@sph.com.sg @Ka|panaBT WING Tai Holdings will not be doing an SC Global. It won’t take the delisting route, declares chairman
      PHOTOS: YEN MENG JIIN  -  876 words
    • COMPANY BRIEFS
    • Article
      Lock icon BSI Bank ready to samba under new Brazilian owner
      635 6  -  By SIOW LI SEN By lisen@sph.com.sg @SiowLiSenBT BSI Bank, one of the oldest Swiss banks, is finally out of the freezer and is raring to go under its new Brazilian owner. On Monday, Brazilian investment bank BTG Pactual announced it had
      635 words
    • Article, Illustration
      Lock icon Singapore retail investors remain confident: survey
      490 7  -  B)’ CAI HAOXIANG haoxiang@sph.com.sg @Hao><iangCaiBT RETAIL investors in Singapore remain as confident about market prospects as they have been over the past year, according to an investor sentiment survey by fund manager JP Morgan Asset Management (JPMAM). The JP Morgan Investor Confidence Index, based
      Source: JP Morgan Asset Management, Cai Haoxiang  -  490 words
    • Article
      Lock icon Flurry of corporate activity puts SGX to the test
      844 7  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg @RSivanithyBT I N A market plagued by poor volume and low volatility, credit has to go to the local corporate sector for keeping interest in equities alive with regular announcements of takeovers, rights issues,
      844 words
    • Article, Illustration
      Lock icon IPOs fuel hope for SGX after quiet Q4
      503 9  -  Derivatives not expected to offset equity weakness in final fiscal quarter By KENNETH LIM kenlim@sph.com.sg @KennethLimBT AN early wave of new listings is fuelling hope for Singapore Exchange (SGX) even as the market operator is expected to post weaker fourth-quarter and full-year
      503 words
    • Article
      Lock icon CDLHT tops year-to-date gains by stapled trusts
      391 9  -  By RAPHAEL LIM raphlim@sph.com.sg THE six stapled trusts on Singapore Exchange (SGX) have averaged a price and total return gain of 4.8 per cent and 8.3 per cent respectively for the year to date (YTD), said an SGX My Gateway report. These include
      391 words
    • Article
      Lock icon Chinese tycoon eyes 60% of IReit Global’s IPO
      318 9 Reuters [SINGAPORE] A Chinese tycoon plans to buy about 60 per cent of the initial public offering of IReit Global, a Singapore real estate investment trust that will invest in European properties, in his latest push to ramp up Reit investment in
      Reuters  -  318 words
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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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      179 7 >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 MARKETS
    • Article, Illustration
      Lock icon STI hits 52-week high despite UOB fall
      585 8  -  Index in positive territory thanks to rises in DBS, Jardine Matheson Holdings and SingTel STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent RISES in DBS, Jardine Matheson Holdings (JMH) and SingTel yesterday outweighed a large slide in UOB, thus enabling the Straits Times Index
      Source: Bloomberg  -  585 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jul 17 VALUE CLOSE BT OB/OS -90.00 -73.00 BT CADI -*****.00 +1.00 BT 10-day MA -*****.00 -9.00 FTSE ST Mid Cap 777.83 -0.73 FTSE ST Small Cap 565.92 +1.03 FTSE ST All Share 806.60 +0.44 FTSE ST China Top 197.72 -0.42 FTSE ST China 226.73 +0.08 FTSE
      77 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 7 1 0 0 0 7 7 1 Manufacturing 42 49 47 8 6 11 50 55 58 Commerce 25 11 22 3 7 5 28 18 27 Tpt/Stor/Comms 21 14 9
      186 words
    • Article
      Lock icon BROKERS’ TAKE
      1071 8  -  Compiled by TEH SHI NING Noble Group: July 17 close: S$1.415 Citi Research, Equities, July 16 NOBLE and EIG Global Energy Partners (EIG) are forming an energy joint venture, essentially Noble’s third piece in moving towards being an asset-light firm (mining assets with X2 Resources, and agri assets
      1,071 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,041 12,041 34,759 34,759 Manufacturing 447,268 75,015 522,283 106,668 4,881 111,549 Commerce 84,722 71,235 155,957 67,781 7,549 75,331 Tpt/Stor/Comms 447,184 1,036 448,220 177,311 131 177,442 Finance 28,638 1,462 30,100 191,276 433 191,709 Construction 51,281 42,301
      122 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      121 8 Stock name Close Change Ascendas Reit 2.310 CapitaLand 3.250 CapitaMall Trust 1.975 -0.005 CityDev 10.250 +0.070 ComfortDelGro 2.600 +0.040 DBS Grp 17.330 +0.130 Genting Sing 1.325 -0.005 Global Logistic 2.750 Golden Agri-Res 0.560 +0.005 HPH Trust USD 0.740 +0.005 HongkongLand USD 6.750 +0.030 JMH 400 USD
      121 words
    • Article, Illustration
      Lock icon Yen rises to 5-month high against the euro
      584 8 CURRENCIES Reuters [LONDON] The Japanese yen hit a five-month high against the euro yesterday on renewed safe-haven inflows as the West imposed more sanctions on Russia, which weighed on global risk sentiment. European stocks were in the red while German bunds, another
      Reuters; PHOTO: BLOOMBERG  -  584 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Jaya 325,214,000 OLS Enterprise 282,176,000 Memstar Tech 113,768,000 Mirach Energy 75,291,000 Advance SCT 69,801,000 SIIC Environment 58,328,000 IHC 58,120,000 APAC Strategic 56,237,000 Otto Marine 55,322,000 Sincap 38,453,000 VALUE($) UOB 92,328,164 DBS Grp 67,680,890 SingTel 48,195,075 Ezion 30,950,809 Noble 26,628,533 Jaya 24,664,864 Global Logistic 23,811,690 Biosensors 23,467,085
      56 words
    • Article
      Lock icon RISES
      115 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 130.3 0.8 DBXT iBoxxKR 5US$ ***** 108.0 0.6 DBXT AUDCS 5US$ ***** 88.1 0.4 DBXT MSKorea 10US$ 6486 81.9 1.0 JMH 400 USD 6010 59.6 0.8 GLD 10US$ ***** 57.1 0.4 DBXT AUDCS 5SG$ ***** 53.0 0.2 Lyxor AsiaCS 10US$ 6086
      115 words
    • Article
      Lock icon FALLS
      132 8 BY CENTS CLOSE DOWN Lyxor Indonesia10US$ 9329 -137.7 -1.2 DBXT MSTaiwan 10US$ 2243 -50.9 -1.8 UOB 2355 -47.0 -2.0 SPDRS S&P 500 10US$ ***** -39.7 -0.2 Lyxor AsiaIT 10US$ 3909 -32.3 -0.7 DBXT MSINDO 10us$ 1481 -29.8 -1.6 DBXT FTVietnam 10US$ 2817 -28.5 -0.8 Lyxor Russia 10US$ 380 -26.1
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      164 9 Organised By Singapore Indian Chamber of Commerce Industry Main Sponsor Knowledge Partner apes Living, Breathing Asia RSM Chio Lim Audit Tax Advisory NOMINATIONS ARE OPEN!-.. SICCI DBS A SINGAPORE INDIAN W ENTREPRENEUR PP AWARDS 2014 CATEGORY 1: OUTSTANDING ENTREPRENEUR Businesses with an annual turnover of more than S$50 million or
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      269 9 We Are Buying ROLEX I PATEK PHILIPPE AND OTHER HIGH END WATCHES /<5uea u e Singapore Gifts Premiums Fair 2014 m www.SGPFair.com r the dates right! ,16- 1J JULY 2 014 10.50aw-6.30pn, (Wed-Thors) 10.50am 5.50pm (Fri) Level I Hall A 5- 6 Marina Pay Sands, Singapore Massive Showcase of the
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  • SINGAPORE NEWS
    • Article
      Lock icon Singapore to help Danang on PPP expertise
      264 10  -  By CAI YONG caiyong@sph.com.sg THE Singapore Cooperation Enterprise (SCE) and the Temasek Foundation yesterday kicked off a collaboration with the Vietnamese city of Danang, aimed at developing its capabilities in Public-Private Partnership (PPP) infrastructure projects. It is a key part of the city’s
      264 words
    • Article, Illustration
      Lock icon StarHub ties up with Sports Hub, WTA
      518 10  -  Telco is Sports Hub founding partner; wins WTA deals for tour, S’pore event By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT STARHUB announced three new partnerships yesterday, one with the new Singapore Sports Hub and the other two with the Women’s Tennis Association (WTA). The local
      518 words
    • Article, Illustration
      Lock icon President adds little touch to Big Picture
      268 10  -  By RAPHAEL LIM raphlim@sph.com.sg PRESIDENT Tony Tan Keng Yam stopped by the Paragon mall yesterday to give artist and autistic savant Stephen Wiltshire a helping hand with some fine touches to the Briton’s drawing of the Singapore cityscape. The Briton will take until
      268 words
    • Article
      Lock icon Local R&D and start-up scene gets big boost
      410 10  -  S’pore joins life sciences pioneer; VC sets up S$20m fund By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT SINGAPORE’S research and start-up ecosystem has received two significant funding boosts this week. The first comes after the Republic on Tuesday became a member of the international
      410 words
    • Article
      Lock icon S’pore-based CRM start-up bags US$14m Series B funding
      370 10  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT CAPILLARY Technologies, a Singa-pore-based customer relationship management (CRM) start-up, is going places and literally too. It recently bagged US$14 million in Series B funding one of the highest amounts by a Singapore start-up in a round led
      370 words
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      170 10 10aM 7pm 2nd-3rdAug 2014 SUNTEC SINGAPORE CONVENTION EXHIBITION CENTRE LEVEL 4, EXHiBITION HALL 401 402 HOW I SEE THE MARKET TODAY AND WHAT I AM DOING ABOUT IT Special Promo Price for 1st20 registrants $388only (Usual Price: $688) Jim Rogers Investment Expert and Author WHAT YOU’LL LEARN Where Jim Rogers
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      104 10 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
      104 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Bursa Malaysia profit for Q2 down 15%
      515 11  -  But dividend payout kept at 36 sen to show off efficient capital management By PAULINE NG in Kuala Lumpur DESPITE posting a 15 per cent drop in profit after tax and minority interests to RM46.9 million (S$18.3 million) for the second quarter to
      PHOTO: BLOOMBERG  -  515 words
    • Article
      Lock icon Ex-Bank Indonesia official gets 10-year jail term for graft
      575 11 Bloomberg [JAKARTA] Budi Mulya, a former deputy governor at Bank Indonesia, was sentenced to 10 years in jail for graft in the government’s US$573 million bailout of Bank Century during the global financial crisis in 2008. Mulya was also given a
      Bloomberg  -  575 words
    • Article
      Lock icon Jakarta warns Newmont to resume output
      378 11 It threatens to hand US miner’s licence to a state-owned firm in dispute over new export rules Reuters [JAKARTA] Indonesia stepped up pressure on Newmont Mining over a six-month-old dispute that has halted copper exports, warning it could hand the US miner’s licence to
      Reuters  -  378 words
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      424 11 h Fixed Rental Payout up to 1 0 Years rA ■an *r. Only 5% Down Payment 3 Minutes to Ginza Near several Olympic Venues TOP Soon MiiTTT'iTr jj<! Why Tokyo? f Big Japanese cities emerge from land price deflation -18th Mar 2014 by Financial Times Tokyo considers allowing gambling to
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  • CHINA/INDIA
    • Article
      Lock icon Kerry, Hagel head for India to revitalise ties
      459 12 Relationship seen as counterbalance to an increasingly assertive China Reuters [WASHINGTON] America’s top diplomat and the head of its Defense Department will visit India in coming weeks, seeking to revitalise a relationship the United States sees as a crucial counterbalance in Asia
      Reuters  -  459 words
    • Article
      Lock icon Address food security before global trade deal, says India
      333 12 Reuters [NEW DELHI] India may not support a protocol key to the implementation of a global trade pact unless progress is made in multilateral talks about food stockpiling in developing countries, the trade ministry said on Wednesday. WTO member states struck
      Reuters  -  333 words
    • Article
      Lock icon Volkswagen goes for local parts to boost India sales
      412 12 Reuters [NEW DELHI] Volkswagen AG will increase the amount of locally made parts in the cars it sells in India to cut costs and lift falling sales in a competitive market dominated by cheap compacts. Five years after entering India, VW
      Reuters  -  412 words
    • Article
      Lock icon Play by global trade rules, China tells US
      360 12 Re uters [BEIJING] China’s commerce minister yesterday urged the United States not to abuse the global trade system by imposing duties on Chinese goods to protect its own economy, following a rebuke to Washington by the World Trade Organization. WTO judges said
      Reuters  -  360 words
    • Article, Illustration
      Lock icon Mini stimulus seen supporting China’s steel demand
      373 12 Reuters [BEIJING] A series of “mini-stimulus” policies designed to rejuvenate China’s flagging economy will help support steel demand over the coming months, but prices will continue to be weighed down by a supply glut, the country’s steel association said yesterday. China’s economy grew
      Reuters; PHOTO: REUTERS  -  373 words
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      240 12 BUILDING A NATION: TOMORROW Challenges and Possibilities for a Liveable Singapore A world class city is at its crossroads. Besides building efficient infrastructure for housing, transport and industry, much effort has also been invested to transform our Garden City into a City in a Garden with a growing population. How
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      14 12 $80++ For enquiries or reservations, please call Oscar’s at 6432 7481 or email sinci_fb@conradhotels.com
      14 words
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  • WORLD
    • Article, Illustration
      Lock icon US slaps toughest sanctions yet on Russia
      815 13 They strike at the heart of Putin’s powerbase by targeting companies closest to him Reuters [MOSCOW] President Barack Obama imposed the toughest US sanctions yet on Russia, striking at the heart of Vladimir Putin’s powerbase by targeting companies closest to him over what
      Reuters; PHOTO: REUTERS  -  815 words
    • Article
      Lock icon Japanese business confidence points to recovery
      395 13 Reuters [TOKYO] Confidence among Japanese manufacturers held steady for a second straight month in July and is seen likely to edge up, a Reuters poll found, offering further evidence of sentiment gradually recovering from April’s sales tax hike. Reflecting weak private consumption, the service
      Reuters  -  395 words
    • Article
      Lock icon UBS is world’s largest private bank: survey
      352 13 Reuters [ZURICH] UBS cemented its lead over Bank of America Corp as the world’s largest private bank and is within striking distance of managing US$2 trillion on behalf of the wealthy, according to a study yesterday. The study by Lon-don-based wealth management consultant
      Reuters  -  352 words
    • Article
      Lock icon Fed hints of earlier rate hike but market seems oblivious
      817 13 Reuters [SAN FRANCISCO] Investors may be ignoring subtle warnings from the Federal Reserve that a rate rise may come sooner than they think, setting the stage for another painful market contraction much like last year’s “taper tantrum”. US central bankers
      Reuters  -  817 words
    • Article, Illustration
      Lock icon Bubble paranoia setting in as US stocks keep rising
      963 14 3-in-5 say market is on the verge of a bubble or already in one: survey Bloomberg [NEW YORK] Two years of uninterrupted gains in US stocks are sowing anxiety among financial professionals, with three in five saying the market is on
      Bloomberg; PHOTO: AFP  -  963 words
    • Article
      Lock icon Morgan Stanley beats profit estimates on fees earned
      567 14 Bloomberg [NEW YORK] Morgan Stanley, owner of the world’s largest brokerage, reported profit that beat analysts’ estimates as profit from that business rose to a record and fees from investment banking reached a three-year high. Second-quarter net income almost doubled to US$1.94
      Bloomberg  -  567 words
    • Article, Illustration
      Lock icon Autonomous-drive technologies a few years away: Nissan
      535 14  -  By ANTHONY ROWLEY in Tokyo THE future is almost here as far as “autonomousdrive” technologies for cars are concerned, declared Nissan Motors’ president and chief executive officer Carlos Ghosn in Tokyo yesterday. In the next few years, vehicles will be capable of switching
      535 words
    • Article
      Lock icon Shrinking US labour force hurting economy: govt panel
      315 14 Bloomberg [WASHINGTON] The declining number of people in the US who are part of the labour force is a drag on the economy and the government should enact policies that will boost the number of workers, including reworking immigration laws, a White
      Bloomberg  -  315 words
    • Article, Illustration
      Lock icon ECB to reveal data on banks after major review
      561 15 Lenders will get only a fortnight to show plans on handling capital shortfalls Reuters [LONDON] The European Central Bank (ECB) yesterday laid out plans to publish a trove of data on individual banks ranging from measures of their leverage to a
      Reuters  -  561 words
    • Article
      Lock icon Aussie Parliament repeals carbon tax, emissions trading scheme
      464 15 Reuters [SYDNEY] The Australian Senate voted yesterday to scrap the country’s carbon tax and plans for emissions trading, a major victory for conservative Prime Minister Tony Abbott that leaves uncertainty about how the country will meet its carbon reduction goals. Australia is
      Reuters  -  464 words
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      1460 13 THE BUSINESS TIMES NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CHOICE HOMES GAMMA PTE. LTD. (Co. Reg. No.: *****9807R) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the above Company held on 15 July
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      192 13 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SANKO SHIP MANAGEMENT (SINGAPORE) PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****3310R) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting
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      734 14 The Business Times NOTICES D JOYAS INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT a Special General Meeting of Joyas International Holdings Limited (the “Company”) will be held at 1 Robinson Road #18-00 AIA Tower
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  • Page 15 Advertisements
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      48 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 3 If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Need a room flat?
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      1365 15 新 BANK OFTAIWAN, SINGAPORE BRANCH BOARD OF DIRECTORS Chairperson Lee, Jih-Chu Managing Directors Shiau, Chang-Ruey, Wu, Tang-Chieh, Yang, Cheng-Chen Independent Managing Director Hsu, Yi-Hsiung CONSOLIDATED BALANCE SHEETS Unit NT$1,000 Dec 31, 2013 Dec 31, 2012 ASSETS Cash and cash equivalents 119,265,293 72,812,404 Placement with Central Bank and call loans to
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  • LUXE CRUISES
    • Article, Illustration
      Lock icon Sailing off the beaten track
      890 16  -  As the cruise industry here matures, its vessels are heading to ever more exotic locations. ZAIDreports ERLIANA ZAID BOARD a cruise ship in Singapore and you’re likely to find plenty of families couples with kids and parents in tow taking a journey of between three
      890 words
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      Lock icon Singapore cruise hub gets strong support
      753 18  -  The local cruise industry has benefited from the government’s investment and promotion of the Republic as an international cruise centre. By erliana zaid BY ERLIANA ZAID SINGAPORE’S efforts to develop into an international cruise centre have been a key factor in the growth of
      FILE PHOTO  -  753 words
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      Lock icon Full steam ahead
      777 19  -  With growing awareness of cruises as an alternative travel option, more Singaporeans are choosing to vacation on these floating resorts. ZAIDreports ERLIANA ZAID THE cruise industry is sailing full steam ahead in Singapore, with more locals choosing to board ships rather than planes for their vacations. Numbers
      777 words
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      Lock icon Convenience of a fly-cruise
      247 19 FLY-CRUISES are a natural evolution of the cruise industry. The package involves flights to and from the cruise ship, accommodation on board and on land, as well as perks on the cruise itself. As such, the destination stops are more varied. The location of the cruise
      247 words
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      Lock icon Upping the wow factor
      1447 20  -  From sky diving simulators to ice-skating rinks, cruise ships are packing all sorts of fun elements to draw in the crowds. By erliana zaid BY ERLIANA ZAID CRUISE ships these days are packed with all forms of unexpected surprises to wow their guests. No longer special
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  • Page 16 Advertisements
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      195 16 ingap ore SPECIAL GSS BENEFITS: r $300 Shipboard credit for use in spa shops, and a complimentary bottle of champagne. Booking period from now till July 27,2014 Conditions: No restrictions on the voyages as long as booking is made within the booking period. The above benefits will be applicable to
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      182 16 SEVEN SEAS CRUISES* xv* X ""ATOtwrow* -TOT S'7^ 73* sr i USD 300 Onboard Credit Bottle of Champagne Kl Call a Citystate Cruise Specialist today! OUR AWARD-WINNING FLEET Regent Seven Seas Cruises is the ONLY luxury cruise line whose ENTIRE fleet was voted “Best Cabins at Sea” by avid cruisers
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  • Page 17 Advertisements
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      598 17 HERE, ONE WORD SAYS IT ALL i^inan v T T 4 BE WOWED BY 15 DECKS OF ADVENTURE! y s 1 1 L COMj Reader’s Digest Trusted Brand Gold Award 2014 Best Cruise Operator Asia 2008 2013 THE UNIQUE AWE-INSPIRING STUDIO B ICE SKATING RINK The Studio B is the
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  • Page 18 Advertisements
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      439 18 UabIns 1 CRUISE ARENA making waves in Ail M 4* ';;tv tT---.-rA.v- ”2 ’C .pw ;vr JS fti* PRINCESS CRUISES Japan Exclusive Promotion* FREE UPGRADE Onboard Credit UP TO USD 300 per cabin on selected sailings 7D Round Hokkaido fr $999* Sun Princess Otaru Hakodate Muroran Kushiro Shiretoko Peninsula Scenic
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      811 18 FREE Limited Edition 24” Trolley Luggage per Citibank Cardmember with $3500 charge for new bookings only, while stocks last 18-20Jul All prices are subjected to associated taxes surcharges correct at time of print subject to change fr 121to $988 (Fri-Sun) Up to $1588 OFF per couple* FREE Goody Bag with
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      338 19 NORWEGIAN CRUISE LINE® www.ncl.com Soak in the world’s beauty on Norwegian Cruise Line Dreaming of an unforgettable holiday experience? Set sail and experience the charm, splendour and excitement of more than 120 ports-of-call. CAPTIVATING DESTINATIONS Enticing regions await your discovery: enjoy the sights, sounds and flavours of West Mediterranean; take
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      180 20 -Oceania cruises Your World. Your Way. Coll us 6225 1322 Email us cruise@stamfordtravel.net Southernmost U/onders a Pacific Dreams fl 16-Day Southernmost Wonders Cruise From Buenos Aires to Valparaiso on OCL Marina from 01 Dec 2014 departure USD 2,799 Ports of Call: Buenos Aires, Punta del Este, Puerto Madryn, Port Stanley,
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  • AVIATION
    • Article, Illustration
      Lock icon Airline chiefs bullish on revenues over next one year: PwC poll
      582 21  -  They are focusing on new and existing markets, innovation, new JV and alliances By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] The majority of airline chief executives are bullish that the industry will book higher revenues over the next one year,
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    • Article
      Lock icon Etihad expects to seal Alitalia deal soon, with job cuts in tow
      444 21 Reuters [ROME] The chief executive of Etihad Airways said a deal to acquire nearly half of Alitalia could be wrapped up this month but warned that cuts would be needed to make the loss-making carrier profitable, prompting opposition
      Reuters  -  444 words
    • Article
      Lock icon TRANSPORT STOCKS
      244 21 SGX '000 Jul 17 S$ +/-Vol Ch Offshore 0.46 unch 72 Chuan Hup Hldg 0.29 unch 61 Cosco Corp 0.70 unch 333 Cwt Limited 1.72 -0.02 301 First Ship Lea 0.09 unch 100 Grand Banks 0.28 unch 69 Jaya Hold Ltd 0.08 0.02 *****4 K1Ventures 0.21 unch 605
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    • Article
      Lock icon Air India pares losses; no plans to privatise
      308 21 AFP [NEW DELHI] State-run carrier Air India has pared its losses thanks to a better all-round performance, but the new right-wing government has no plans to privatise the flagship airline, a statement said. Air India, once the country’s monopoly airline, now holds
      AFP  -  308 words
    • Article
      Lock icon Asia business travel outlook remains cloudy
      423 21  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT WHILE global premium travel grew strongly by 6.5 per cent year-on-year in May, the outlook for business travel in Asia remains cloudy amid volatility in regional trade indicators. Premium travel worldwide grew at a more robust pace compared with
      423 words
  • Page 21 Advertisements
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      37 21 PabienbCare 2014 12-14 August 2014 Sunway Pyramid Convention Center, Malaysia eun o£ SfiL S<^ fa ihQj* I 5>4 E 03 Kl —WA—c To register, contact Lily at +65 6848 5372 or email at lily@sphereconferences.com www.mypatientcare.sphereconferences.com Organised by
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      42 21 2014 MANUFACTURINGSOLUTIONSEXPO Empowering Manufacturing Sectors with Solutions 8 to 10 October 2014 Suntec Convention 8t Exhibition Centre Halls 401 403 ms-expo.com SIS i it s 5* To Exhibit: Tel: +65 6319 4021 Email: mse@sph.com.sg To Visit: Pre-register at ms-expo.com Organised by: sphere
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  • Page 21 Miscellaneous
    • Miscellaneous
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      348 21 CRYPTIC CROSSWORD Across 1 State of coalminer working around bottom of mine (10) 6 Find fault in vehicle parking (4) 9 Killed repeatedly in the past, it’s said (5) 10 Preserve from damage caused absorbing nearly everything (9) 12 Performer from start is teasing (7) 13 Go through European valley
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  • EDITORIAL & OPINION
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      Lock icon Bank Negara rate hike is timely move
      497 22 EDITORIAL IT had been so well flagged at its last monetary meeting that it didn’t surprise anyone when Bank Negara Malaysia finally raised interest rates last week. The overnight policy rate was raised 25 basis points to 3.25 per cent, the first hike
      497 words
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      Lock icon Progress in US-China ties despite differences
      791 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE political track of the United States-China strategic and economic dialogue held last week in Beijing was beset by bickering, such as those over China’s
      791 words
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      Lock icon Gearing up for smart cities of the future
      1245 22  -  Technology is used to make our cities smarter but citizens also need to change AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT Technology Editor amit@sph.com.sg @AmitRoyCBT THE idea of building a “smart” city may sound a bit coy and even cliched because that would imply
      FILE PHOTO  -  1,245 words
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      Lock icon Making SGX attractive to S-chips
      1858 23  -  Direct listing framework could be the impetus for S’pore bourse to connect global investors with quality Chinese firms By YAP LIAN SENG QIU YANG The writers are, respectively, director and associate director at Stamford Law Corporation IN November last year, the Singapore Exchange (SGX) and
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      Lock icon UK’s immigration fears can be calmed
      882 23  -  REUTERS BREAKINGVIEV By HUGO DIXON IF the UK leaves the European Union, the main reason will probably be because people fear immigrants are overrunning the country. The best way of assuaging these concerns is to show how free movement of people within the EU
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    • Article
      Lock icon CPF still begs questions of risk and fairness
      375 23 LETTER TO THE EDITOR IN the July 8 Parliament session, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam responded to questions relating to Central Provident Fund (CPF) monies. He pointed to the benefits of having CPF monies pooled and managed by Singapore
      375 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Wider design focus for Michael Graves
      1388 24  -  Now relying on a wheelchair to get around, the distinguished US architect creates buildings for survivors, reportsBARBARA BARBARA SADICK WP [NEW YORK] IN 2003, Michael Graves had just returned home from a business trip to Germany and Switzerland. He wasn’t feeling well and told
      WP; MICHAEL GRAVES AND ASSOCIATES WEBSITE/FILE PHOTO  -  1,388 words
  • Page 24 Advertisements
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      142 24 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements the business Times CLASSIFIED BUY IT SELL IT FIND IT D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D11 21 HOUSE FOR SALE CHANCERY LANE Coveted
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      105 24 D16 HOUSE FOR SALE SEMI-DETACHED Semi-D Evergreen. 3200 sf. 5 bdrms. Rebuilt. Move in. ECP/ PIE. Beach. Amenities. Mall/ MRT. Tina 9272 9579 D16 HOUSE FOR SALE SIMPANG BEDOK Contemporary Freehold Terrace. Simpang Bedok 4rms Huge 2207 sq.ft. Nice Garden. Price Neg. Viewing Sat. Steeve 9787 8000 D17 HOUSE FOR
      105 words
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      Lock icon Page 24 Advertisements Column 3
      111 24 D19 HOUSE FOR SALE UPPER PAYA LEBAR Low psf. New 2.5 storey corner Terrace Upper Paya Lebar 4194/ 4373 sqft. Freehold. Park 3 cars. Call Yee Joo 9695 8789 D20 HOUSE FOR SALE PEIRCE RESERVOIR VICINITY Peirce Reservoirs Vicinity. Rare 2-storey Corner Semi-Detached, approximately 2210/ 2400 sqft. 4+1. Lush. Nice!
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      Lock icon Page 24 Advertisements Column 4
      109 24 D28 HOUSE FOR SALE SPRINGSIDE Corner $4.1M/$1165 psf (Last caveat done $1365 psf in June). Land 3546 sf, 5 bdrms, SW facing, move-in, 3-sty+roof terr FH DTZ Lilian 9382 8353 D04 APARTMENT FOR SALE REFLECTIONS KEPPEL BAY #20-90. IR Marina view. 3-bdrm, 1722 sf. $3.8M neg. Comm up to $100K.
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      100 24 D09 APARTMENT FOR SALE THE VERMONT ON CAIRNHILL Direct developer sale, 90% sold. FH 3 bdrm/ 1335 1432 sf, TOP disc. View by appointment only! Looi YK *****740 D09 APARTMENT FOR SALE VERMONT ON CAIRNHILL Developer sales!! Freehold From $2k psf up. 3bedrooms 1335 sqft $2.7xm up, near MRT. Call
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  • Page 25 Advertisements
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      797 25 If/-#. E i LiM a B 1 EBi V FREEHOLD the Citron Freehold Mixed Development 54 Residences 36 Shops Convenience at your Doorstep 2 Mins Stroll to City Square Mall Farrer Park MRT Spacious Efficient Layout Showflat Along Kitchener Link (behind City Square Mall) Opening hours Warn till 7pm Huttons
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      181 25 D22 SHOP FOR SALE VISION EXCHANGE Rare! Vision Exchange. Medical Suites/ F&B Jurong Gateway. Upcoming Commercial Hub. 99yrs. No SSD/ ABSD! Call: 9633 7290 Edmund OT D22 SHOP FOR SALE VISION EXCHANGE Vision Exchange Medical Suites/ F&B Jurong Gateway Upcoming Commercial Hub! 99 years. No SSD/ ABSD! Call: 9450 2831
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  • Article
    Lock icon SHIPPING TIMES
    2124 26 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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  • Page 26 Advertisements
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      54 26 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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  • Page 27 Advertisements
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      53 27 SpotlightAward Wins Recognition Come publicise your Award Wins Recognition, Ship Christenings Delivery of New Builds, Project Completion, Vessel Conversion Refurbishment, and Company Anniversaries. There’s no better way to anchor your company to new opportunities than with an advertisement in the SPH fleet of newspapers. Call Joe Wong at 9620 1327
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4117 28 Transaction date: Jul 17 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 Last Vol 97.5 69 ABR 14.9 11.2 AEI Div Gr Yld Net M Cap High 159.4 130.4 AIMSAMP Cap Reit
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    • Article
      Lock icon SGX CATALIST
      452 29 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 600 1 1 0.9 1.1 19.5 Last Quote Div
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    • Article
      Lock icon UNIT TRUST & FUNDS
      10785 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha uncTCI A’ Aberdeen Asset Mgt Asia Limited 1 58/ APS Alpha Fund (USD)' 1.27/ Aberdeen Asset Mat Asia limited Global Emerging Markets!** h ...0 9811/ S' Pacific Equity USD!** S'pore Equity USD!** China
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    • Article
      Lock icon GLOBALQUOTE
      249 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 62 42 AVJennings A57 +1.5 4 57 57 57 59 3.6 6.1 4.6 211 Vol 343 215 TanChongInt HK320 -1 273 320 318 320 325 9.7 3.3
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    • Article
      Lock icon SGX ETF
      1101 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF 115.1 -0.1 115.1 115.1 115 115.5 525.4 135.5 119 CIMB APAC Div 100S$D 132.8 +0.2 132.8 132.8 131.9 134 108.9
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      667 30 Jul 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.87 *****.74 *****.85 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****5 Dec14 *****.00 *****.00 *****.00 *****.00 0 ***** MSCI TAIWAN INDEX FUTURES SPOT 340.53 342.22 338.50 Jul14 344.50 345.30 339.00 340.30 ***** *****4 Aug14 342.50
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Jul 16 Index Change Change Change Change Change Change World Preliminary 1242.8 0.5 4.9 0.3 3.6 0.4 5.3 EAFE Preliminary 973.4 0.9 1.8 0.6 1.1 0.8 2.8 Europe Preliminary 1394.8 1.3 2.9
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 30 Jul 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.006 5.813 0.692 7.264 56.356 109.497 0.951 9.645 2.980 1.078 92.572 40.778 1.163 9.996 0.841 28.127 30.129 0.548 0.937 Canada 0.994 5.781
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    • Article
      Lock icon SIBOR
      35 30 Jul 17 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      76 30 Jul 17 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-16 101.23 5-Year NX*****W 2.5 01-Jun-19 106.47 10-Year NX*****H 2.750 01-Jul-23 103.91 104.10 104.05 15-Year
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    • Article
      Lock icon PRECIOUS METALS
      122 30 Jul 17 GOLD(US$/oz) Jul 17 Jul 16 Hong Kong 1306.00 1301.00 Jul 16 Jul 15 London 1301.10 1297.70 1302.00 1297.85 Source: Thomson Reuters CAST BAR Jul 17 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 50 5gm 312 258 10gm 581 518
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    • Article
      Lock icon PALM OIL
      58 30 Jul 17 Jul KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2385.0 2378.0 2395.0 2369.0 996 9047 Aug 14 2318.0 2326.0 2344.0 2307.0 7713 ***** Sep 14 2299.0 2307.0 2320.0 2285.0 ***** ***** Oct 14 2301.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 30 Jul 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1625 1.1633 0.9369 0.9374 Canadian dollar 1.1562 1.1568 0.9321 0.9318 Euro 1.6791 1.6797 1.3532 1.3535 NZ dollar 1.0781 1.0788 0.8689 0.8693 Sterling pound 2.1231 2.1240 1.7111 1.7115
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    • Article
      Lock icon CHICAGO BOT
      109 30 Jul 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1187.25 1180.50 1203.50 1180.50 Sep 14 1121.50 1104.25 1128.00 1104.50 Nov 14 1102.00 1086.25 1107.75 1085.75 Jan 15 1110.50 1095.00 1117.50 1094.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14
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    • Article
      Lock icon LIFFE
      95 30 Jul 16 COCOA (£/tonne) Close Prev High Low Jul 14 1944 1953 1958 1935 Sep 14 1912 1930 1937 1902 Dec 14 1889 1905 1911 1876 Mar 15 1876 1890 1896 1862 COFFEE(US$/tonne) Close Prev High Low Jul 14 2012 2025 2021 2016 Sep 14 2009 2022 2028 1999
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      987 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.6 0.3 1 -56 3.82 48 Asia-Pacific Strategic W*****6 3.7 -0.2 5450 1 2 58 Acma Ltd W*****7 Exer Price Asiatic Grp(Hldgs) Ltd W*****5 Disc Asiatravel.com HoldingsW*****7 4.4
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Jul 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.55 1.73 WTI (Near Mth) 101.30 1.57 Dubai (1-Mth F) 104.29 0.10 Tapis blend 108.54 0.11 Minas 104.14 0.11 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.44 -2.17 Jet Kerosene 118.21 -0.25 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Jul 17 S$ Bid Offer 1-month 1.2408 1.2410 2-months 1.2408 1.2410 3-months 1.2407 1.2410 6-months 1.2406 1.2408 Source: OCBC
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    • Article
      Lock icon LONDON METALS Jul-16
      68 30 J ul-16 Jul-16 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1954.50 1940.50 3 months 1970.00 1960.00 Copper, Grade A(US$/tonne) Cash 7070.25 7128.00 3 months 7078.00 7130.00 Lead(US$/tonne) Cash 2177.00 2182.50 3 months 2205.00 2208.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Jul 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.190 1.134 Can dollar 1.178 1.133 Euro 1.718 1.637 Sterling pound 2.168 2.085 NZ dollar 1.107 1.065 US dollar 1.266 1.206 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      154 30 Jul 17 $S Offer Bid 0vernight 0.10 0.05 1-month 0.3750 0.2500 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.10 US$ 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 Festival’s finest fare
      2610 31  -  The Singapore Arts Festival has been rebooted and renamed the Singapore International Festival of Arts (Sifa). Starting next month, across six weeks, you’ll be treated to an array of music, opera, dance and theatre treats. We pick out the three must-watch shows, and the best of the
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    • COVER STORY/MUSIC
      • Article, Illustration
        Lock icon Fall in love with Maria all over again
        653 32  -  You’ve seen the acclaimed Julie Andrews movie; now watch the magic of The Sound of Music unfold on stage. RACHEL LOI reports LOIreports RACHEL LOIreports rachloi@sph.com.sg @RachelLoiBT MOST of us who know The Sound of Music are likely to associate its lead
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      • Article, Illustration
        Lock icon Heartwarming family musical
        464 32  -  By RACHEL LOI WHEN you buy a ticket to a musical as iconic as The Sound of Music, you know exactly what you’re going to get. The award-winning musical seems to have found the perfect recipe for a family night out at the theatre with its catchy
        464 words
    • CINEMA
      • Article, Illustration
        Lock icon And the four guys struck musical gold
        635 33  -  Jersey Boys is about family, finding yourself and thus each other, saysGEOFFREY EU GEOFFREY EU Growing up on the wrong side of the tracks in 1950s New Jersey, there were only three options available to you, according to a main character in Jersey
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      • Article, Illustration
        Lock icon Old-fashioned story told with a new app
        563 33  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT IF Instagram was a movie, it may well be May We Chat, the erotic coming-of-age drama with oversaturated sepia-toned cinematography as well as a nubile cast of selfie-ready hotties. Film-critic-turned-writ-er-director Philip Yung should take that as a compliment
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      • Article, Illustration
        Lock icon Local firm invests S$4m in slate of movies
        605 33  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT THE local film industry just got a boost with a Singapore investment management company pumping S$4 million into a slate of movies over the next two years. MM2 Entertainment the company behind many of Jack Neo’s box-office
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      • Article, Illustration
        Lock icon Undiscovered talents wanted at film fest
        496 33  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT BUDDING filmmakers will have the chance to fast-track their movie dreams with the Southeast Asian Film Lab, a sev-en-day writing workshop that will be held in conjunction with the Singapore International Film Festival (SGIFF) later this year. The event
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    • ARTS
      • Article, Illustration
        Lock icon Showcasing the creative side of ceramics
        766 34  -  A chawan expo and a ceramic fest are lined up for later this year, says CHEAH UI-HOON CHEAH UI-HOON uihoon@sph.com.sg Ceramic art is going to get a boost in interest and activity in the later part of this year, fired up partly by renewed
        766 words
      • Article, Illustration
        Lock icon Exhibition that moves, performs and interacts
        680 34  -  By CHEAH UI-HOON uihoon@sph.com.sg WHAT would you do if you walked into a gallery or museum and the exhibits are not static paintings or sculptures, but people dancing around you? Stay and watch or be totally freaked out? French choreographer Xavier Le Roy challenges
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      • Article, Illustration
        Lock icon Cultural Matching Fund draws S$10m
        465 34  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT THE Cultural Matching Fund, through which the government provides dollar-for-dollar matching for all private contributions to art and heritage charities, has drawn good response from individuals and companies. Since the first round of applications closed at the end of May,
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      • Article, Illustration
        Lock icon Rothko revealed
        559 34  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT IN Blank Space Theatre’s production of Red, the great American painter Mark Rothko tells his studio assistant Ken to examine his paintings more closely: “Look at the tension between the blocks of colours They exist in a state of flux They ebb and
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    • WINE/PURSUITS
      • Article, Illustration
        Lock icon Only white for a change
        942 35  -  A bit tough, but interesting, says NK YONG after a dinner featuring an esoteric, and perhaps slightly rare, selection NK YONG THE instruction was “White wines only please”, the dinner menu being “Popah”. A bit tough, but an interesting change. BARON DE L 1982 Dutifully
        PHOTOS: NK YONG  -  942 words
      • Article, Illustration
        Lock icon ‘The Peak’ salutes the top 30 in a coffee table book
        295 35  -  BY GEORGINE VERANO gverano@sph.com.sg THE Peak has turned 30, and to prove they’re still at the top of their game, their new coffee table book 30/30 Game Changers captures what it does best: delivering the success stories of Singaporeans
        PHOTO: NEO XIAOBIN/THE STRAITS TIMES  -  295 words
      • Around Town
        • Article, Illustration
          Lock icon Pick of the week
          194 35 Beginnings: Singapore-based rock band Always July (below) launches their second album Beginnings, which has been in the making for seven years, in support of the Children’s Cancer Foundation (CCF). All proceeds from the album sales will go to the CCF. The band is known for giving
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        • Article
          Lock icon Fair
          86 35 Art Apart Fair: Art Apart is back for its fourth edition, and this time with galleries from Russia among the highlights. The fair will display over 1,000 works by more than 100 emerging and mid-career artists from 18 galleries. Live paintings and piano performances will accompany the event. Artists
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        • Article
          Lock icon Exhibitions
          205 35  -  Compiled by GEORGINE VERANO gverano@sph.com.sg Two Different Times, One World: This solo exhibition by Pu Jie will showcase 17 of his artworks, which represent icons of his contrasting memories, as well as his endeavour to show the incomprehensible nature of life. Through the genre of Chinese contemporary art, Pu
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  • Page 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 35 Miscellaneous Column 1
      336 35 CRYPTIC CROSSWORD Across 2 I’m loyal, party having got involved in a bit of old-fash-ioned drama (8,4) 8 Black mineral in hole (4) 9 Very small country it has hidden energy (8) 10 Offensive doctor given medal one kept in bedroom? (8) 11 Amount of temporary accommodation given to old
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