The Business Times, 19 July 2014

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Microfilm: NL33181
Total Pages: 40
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JULY 19-20, 2014 S$1.00 MCI (P) 086/08/2013 SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon MAS reels from body blow
    1114 1  -  Second air disaster for Malaysian carrier in just five months; govt demands airline produce turnaround plan by next week By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE world grappled yesterday with a second air tragedy involving Malaysia Airlines (MAS) in just five months something deemed “statistically
    PHOTO: REUTERS  -  1,114 words
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      32 1 the business www. usinesstimes.com. THE RAFFLES CONVERSATION VETERAN ACCOUNTANT AND SLA CHAIRMAN CHALY MAH 8-9 MOTORING The Lexus CT200h: A hotter hybrid L14 PERSPECTIVE Helping China’s doves 26 LIVING Co-work operations L2-6
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  • TOP STORIES
    • Article
      Lock icon Airlines redraw flight paths to steer clear of Ukraine
      699 2  -  MH1 7 tragedy may hit tourist arrivals in South-east Asia from Europe, say analysts Reports by Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AS news of the downed Malaysia Airlines Flight MH17 reverberated around the world, airlines moved swiftly to re-route flight paths
      699 words
    • Article, Illustration
      Lock icon Asia-Pac airlines close weaker
      179 2 SHARES of Asia-Pacific carriers closed slightly lower yesterday after the news that Malaysia Airlines flight MH17 had gone down in war-torn eastern Ukraine. Malaysia Airlines saw the biggest fall, shedding 2.5 sen to close at 20 sen yesterday, albeit recovering from an intra-day low of 18.5
      Source: Bloomberg  -  179 words
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,310.53 (+3.64) GSTI FUTURES 3,308.00 (+4.00) GSIMSCI 377.94 (+0.56) GSIMSCI FUTURES 377.30 (+0.50) STOCKS Friday Change KL COMP 1,872.97 -10.17 NIKKEI 225 15,215.71 -154.55 HANG SENG 23,454.79 -66.08 SET 1,533.41 -2.25 JAKARTA 5,087.01 +15.81 MANILA 6,853.07 -14.29 KOSPI 2,019.42 -1.48 SHENZHEN B 885.30 +6.92 MUMBAI IND 25,641.56 +80.40
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.268 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.241 (US$/S$ per 1.710 2.123 EURO (US$/S$/€ 1.353 1.680 Foreign currency per US$ S$ YEN 101.40 81.70 RM 3.182 2.564 HK$ 7.751 6.245 BAHT 32.15 25.90 RUPIAH 11,607 9,352 RENMINBI 6.203 4.997 INDIAN RUPEE 60.25 48.54 A$ 1.066 0.859 NZ$ 1.151 0.928
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    • Article
      Lock icon World leaders call for probe into crash of airliner
      777 2 Reuters Hrabove, Ukraine WORLD leaders have demanded an international investigation into the shooting down of a Malaysian airliner with 298 people on board over eastern Ukraine, as Kiev and Moscow blamed each other for a tragedy that stoked tensions between Russia
      Reuters  -  777 words
    • Article, Illustration
      Lock icon No man’s sky
      208 3 Carriers such as Singapore Airlines, Lufthansa and Aeroflot have all said that they will avoid the region after a surface-to-air missile brought the Malaysia Airlines Boeing 777down,killing all 298 on board. The US Federal Aviation Administration has also issued a notice prohibitingUSflight operations in the airspace over
      Source: Malaysia Airlines, AFP, Flightradar24; BT Graphics: Raphael Lim & Simon Ang  -  208 words
    • Article
      Lock icon No preferential treatment for Chinese banks
      521 4  -  Their Shanghai FTZ trade accounts got approved earlier because their systems were compatible with PBOC’s By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FOREIGN banks operating in the Shanghai Free Trade Zone (SFTZ) have to get their systems compatible with that of the People’s Bank of
      521 words
    • Article, Illustration
      Lock icon ADB trims S-E Asia growth forecast for this year to 4.7%
      811 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo SOUTH-EAST Asia appears relatively weak at present amid an otherwise stable outlook for economic growth across the Asia region as a whole, the Asian Development Bank said in a report yesterday. Elsewhere, China is
      PHOTO: REUTERS  -  811 words
    • Article
      Lock icon Focus on compliance hurting performance
      635 6  -  Corporate governance report also finds Singapore boards having the fewest meetings, lagging in raising gender mix By Angela Tan angelat@sph.com.sg Singapore TOO heavy a focus on compliance at the expense of corporate strategy may be hobbling the performance of boards in Singapore and the region,
      635 words
    • Article
      Lock icon Shanghai bourse’s int’l board shelved
      665 6  -  futurechina forum By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE Shanghai Stock Exchange’s (SSE) international board, which will allow foreign companies to list on the mainland, is on the back-burner as China’s immediate focus has shifted to reforming the IPO and listing regime for domestic shares.
      665 words
    • Article, Illustration
      Lock icon Accused changes tune, says he played role in church affairs
      958 7  -  Lam also challenged on his claim that companies like Xtron Productions were independent from CHC CITY HARVEST CHURCH TRIAL By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore ACCUSED City Harvest Church (CHC) member John Lam yesterday admitted on the stand to having
      PHOTO: ONG WEE JIN/THE STRAITS TIMES  -  958 words
    • Article
      Lock icon Google taps mobile; Q2 revenue up
      254 7 Reuters New York GOOGLE Inc is the best placed of any company to benefit from the shift to mobile, increased local advertising and wearables, analysts said after the search giant posted its 18th straight quarter of 20 per cent-plus revenue growth. At least eight
      Reuters  -  254 words
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      50 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-15 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 Real Estate 31 LIVING Cover Story L2-5 Dining L6-7 Style L8-9 Home Garden L10-11 Design L12 Health L13 Motoring L14-15 Sports L16
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      512 5 •■V. Hk' >* J.. K, tv/3 m v vi v* -ftjJ p a ir: V: I L > <- :-w! MSj NteJfe 1 1. V J P ’h r. *3)53 fSi£f i gmmlm vM. i *>/ m m jCj; Jr ’jr TiHnl^ULjni v y .ylcf ’6V J*. 5? -ieT A
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      171 6 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 1st 20 registrants $388only (Usual Price: $688) Jim Rogers Investment Expert and Author WHAT YOU’LL LEARN Where Jim
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  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      32 7 i/v/V $1.6 MILLION Estimated Draw on Mon, 21 Jul 2014 at 6.30pm For details, visit www.singaporepools.com.sg p |_/\yA Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G m
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon A gentler touch
      2581 8 / 9  -  Veteran accountant and Singapore Land Authority chairman Chaly Mah has instilled in the statutory board a work ethic that engages the public. By Kalpana Rashiwala kalpana@sph.com.sg CHALY Mah, chairman of the Singapore Land Authority, likes to tell this story about what used to happen whenever the land
      PHOTO: YEN MENG JIIN  -  2,581 words
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  • COMPANIES
    • Article
      Lock icon CCT sees CapitaGreen income boost from ’16
      1010 10  -  Trust’s distribution per unit rises 5.3% year-on-year to 2.18 cents in Q2 By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore CAPITACOMMERCIAL Trust (CCT) is expecting its CapitaGreen office project, which is due for completion by the end of the year, to start contributing to its
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    • Article
      Lock icon Tiered data plans, fibre broadband revenue closely watched
      552 10  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore THE great migration to tiered data plans will be closely watched this year, as the quarterly earnings season for the Big Three operators is set to begin. Already, by the end of the first quarter of
      552 words
    • Article, Illustration
      Lock icon Cheong Choong Kong to retire as OCBC Bank chairman
      889 11  -  Post will go to former deputy governor of Bank Negara Malaysia By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore OCBC Bank’s Cheong Choong Kong is retiring as chairman of the Singapore banking group on Aug 31, after helming its board for 11
      PHOTO: BLOOMBERG  -  889 words
    • Business briefing
      • Article
        Lock icon Spackman IPO placement shares fully subscribed
        96 11 SOUTH Korean film production company Spackman Entertainment Group said yesterday that all the 69,440,000 placement shares for its initial public offering (IPO) in Singapore, at a share price of 26 Singapore cents, have been validly subscribed. Havenport Asset Management, Atlantis Investment Management (Hong Kong),
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      • Article
        Lock icon SATS operating volumes up in fiscal Q1
        69 11 FOR the April-June fiscal first quarter, airport services provider SATS handled 2.5 per cent more flights year on year, while unit services grew 1.6 per cent and cargo throughput by 4.9 per cent. The number of passengers handled was up 0.8 per cent
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    • Article
      Lock icon China Fishery ratings unchanged by Copeinca bond amendments
      272 11  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore RATING agency Fitch Ratings said yesterday that the current BB- rating with a negative outlook on China Fishery Group will not be affected by its latest exercise to change the terms of its US$250 million 9
      272 words
    • Article, Illustration
      Lock icon STI clings to 52-week high as geopolitical worries hit markets
      589 12  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent IT was a tragic end to a largely uneventful week as news of the downing of a Malaysia Airlines aircraft on Thursday over Ukraine led to a large selloff on Wall Street, raising
      589 words
    • Article
      Lock icon STI STOCKS
      120 12 Stock name Close Change Ascendas Reit 2.330 +0.020 CapitaLand 3.260 +0.010 CapitaMall Trust 1.980 +0.005 CityDev 10.36 +0.110 ComfortDelGro 2.560 -0.040 DBS Grp 17.43 +0.100 Genting Sing 1.325 Global Logistic 2.760 +0.010 Golden Agri-Res 0.555 -0.005 HPH Trust USD 0.740 HongkongLand USD 6.780 +0.030 JMH 400 USD 59.74
      120 words
    • Article
      Lock icon Amundi triples Asian electronic forex trading volume in 2 years
      608 12 Bloomberg Singapore AMUNDI Asset Management has tripled its electronic foreign-ex-change trading volume in Asia over the past two years as Europe’s biggest asset manager seeks to boost speed and transparency. Amundi conducts 70 per cent of its currency transactions in
      Bloomberg  -  608 words
    • Article
      Lock icon TOP 20 ACTIVES
      186 12 VOL CLOSE OLS Enterprise 179,359 0 2 0 1 100.0 Jaya 141,517 7 3 0 4 5.2 IHC 49,881 24 5 0 5 2.1 SIIC Env i ronment 43,911 15 6 0 1 0.6 WE 38,771 1 6 0 0 0.0 Rows l ey W*****3 34,263 5
      186 words
    • Article
      Lock icon TOP GAINERS
      64 12 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ ***** 158.8 0.5 Lyxor Indonesia10US$ 9400 88.1 0.8 GLD 10US$ ***** 81.9 0.5 Jardine C&C 4662 62.0 1.3 DBXT Nifty 10US$ ***** 59.6 0.4 Hyflux 6% CPS 10 ***** 50.0 0.5 Lyxor AsiaCS 10US$ 6119 40.9 0.5 DBXT AUDCS 5SG$ *****
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    • Article
      Lock icon TOP LOSERS
      66 12 BY CENTS CLOSEDOWN SPDRS S&P 500 10US$ ***** -191.1 -0.8 SPDR DJIA 10US$ ***** -151.4 -0.7 DBXT MSEurope 10US$ 6168 -120.3 -1.5 DBXT E50 10US$ 5326 -98.0 -1.5 DBXT MSUSA 10US$ 4904 -52.1 -0.8 JMH 400 USD 5974 -44.7 -0.6 DBXT MSAsExJp 10US$ 3632 -37.2 -0.8 DBXT S&P500
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    • Article, Illustration
      Lock icon OCBC warned of painful Wing Hang restructuring
      628 13  -  Macquarie draws parallel with DBS acquisition of Dao Heng, saying OCBC faces risk of significant goodwill impairment By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore OCBC Bank’s proposed acquisition of Wing Hang Bank is a replay of DBS’s purchase of Dao Heng Bank that took
      PHOTO: BLOOMBERG  -  628 words
    • Article
      Lock icon Plug-and-play, broker-neutral trading facility launched
      350 13  -  By Cai Yong caiyong@sph.com.sg Singapore NEO Partners Global (NPG), a firm specialising in electronic trading solutions, yesterday launched the Trading Atrium, a high-tech office designed for traders. Located at Raffles Place, the 6,000 sq ft facility is set up to accommodate nine trading institutions with
      350 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon CAAS launching S$100m airport productivity boost
      529 14  -  S$50m of air navigation services charges imposed on airport operator will be absorbed By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT THE Civil Aviation Authority of Singapore (CAAS) is launching a S$100-million Airport Productivity Package to boost airport productivity and ensure Singapore maintains its edge as an
      529 words
    • Article
      Lock icon Robotics academy for the young launched
      231 14 THE Infocomm Development Authority of Singapore (IDA) has partnered Singapore Polytechnic (SP) to launch a S$2.8 million academy to develop young talent in robotics. Some 10,000 students from 30 primary and secondary schools are expected to benefit from the Robotics and Maker Academy (RMA),
      231 words
    • Article
      Lock icon Govt expresses concern over KL car levy
      466 14  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT SINGAPORE’S Ministry of Transport (MOT) has expressed concern that Malaysia’s decision to impose an entry fee on foreignregistered vehicles is directed at Singaporean vehicles. In a statement yesterday, a ministry spokesman noted that it was earlier reported that
      466 words
    • Article
      Lock icon S’pore ranked most innovative Asian economy
      452 15  -  The Republic is ahead of Hong Kong and comes in seventh in the Global Innovation Index this year By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT SINGAPORE pipped rival Hong Kong this year to become the most innovative economy in Asia in an annual ranking by two
      452 words
    • Article
      Lock icon Dell sues S’pore executive to stop him joining HP
      325 15 Bloomberg DELL Inc, the second-larg-est computer-server maker, has asked a Singapore court to bar its former Asia enterprise market vicepresident from joining Hewlett-Packard Co (HP), the industry leader. Philip Anders Davis would be breaching agreements including not to solicit customers and
      Bloomberg  -  325 words
    • Briefing
      • Article
        Lock icon Solar panel laboratory opened
        124 15 THE Solar Energy Research Institute of Singapore (Seris) yesterday opened its S$6 million solar panel development and testing laboratories at the CleanTech Park. The 1,700 sq m facility, near Jurong West, will provide the full spectrum of testing and certification services required by the global solar
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      • Article
        Lock icon Healthcare MOU with Cambodia
        75 15 THE Singapore International Foundation (SIF) yesterday inked a tripartite memorandum of understanding with Singapore Health Services and Cambodia’s Calmette Hospital. It will pave the way for more SIF specialist projects in Cambodia in the areas of mother and child care, emergency care, and trauma and orthopaedic
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      Lock icon Page 16 Advertisements Column 1
      68 16 Eat, drink and be merry with Hsueh Yun and Ah Yoke as they tell you where to go for a great meal. Read their reviews in Life!, SundayLife! and in the SoShiok app. 'THE STRAITS TIMES, Wong Ah Yoke Food Critic Tan Hsueh Yun Food Editor r> o I m
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  • WORLD
    • Article, Illustration
      Lock icon China forging stronger ties with Latin America
      596 17 Xi meets regional leaders, signs deals with Brazil, proposes US$20b infrastructure fund AFP Brasilia CHINA’S president is pressing a charm offensive with Latin America, signing deals with Brazil, meeting regional leaders and proposing a US$20 billion infrastructure fund that highlights Beijing’s growing interests
      AFP; PHOTO: REUTERS  -  596 words
    • Article
      Lock icon Aussie lobby seeks reforms from G-20
      247 17 AFP Sydney BUSINESS leaders in Australia yesterday called on G-20 leading economies to implement recommendations on structural reforms and free trade that could boost global growth by US$3.4 trillion and create millions of jobs. The business chiefs, who are in Sydney for a two-day
      AFP  -  247 words
    • Article
      Lock icon Tensions affecting Japan business
      436 17 Deals with S Korea, China suffering: poll Reuters Tokyo DIPLOMATIC tensions with China and South Korea are hurting business for a third of Japanese firms, a Reuters poll has found, with executives citing a drop-off in sales and difficulties in making deals work. Under Prime Minister
      Reuters  -  436 words
    • Article, Illustration
      Lock icon Global investors rush in as ‘Fragile Five’ soar
      506 18 Turkey, India, Indonesia, Brazil, S Africa become primary targets NYT New York THE Fragile Five have become the Fantastic Five. Just six months after fears of an emerging-market meltdown rattled world markets, stocks and bonds in the so-called Fragile Five economies Turkey,
      NYT; PHOTO: REUTERS  -  506 words
    • Article
      Lock icon Fox move could spur Amazon, Google to speed up content expansion
      311 18 Bloomberg New York AFTER Rupert Murdoch’s attempt to grab Time Warner Inc, online giants Amazon.com and Google may decide to accelerate their expansion into content. The bid from Twenty-First Century Fox would create the world’s biggest media company and
      Bloomberg  -  311 words
    • Article
      Lock icon Where marijuana, guns and investing mix
      344 18 Bloomberg New York FINANCIAL professionals in the US, birthplace of the Winchester rifle and Cheech Chong movies, are far more comfortable with marijuana and gun companies than their peers in Europe and Asia, a Bloomberg Global Poll found. Almost three-quarters of those surveyed in
      Bloomberg  -  344 words
    • Article
      Lock icon Big UK banks could be split after probe
      581 19 Lloyds, RBS most at risk of being told to cut their market share Reuters London BRITAIN’S big banks could be broken up after the country’s new competition watchdog said yesterday that it plans to launch an 18-month investigation into services for small
      Reuters  -  581 words
    • Article, Illustration
      Lock icon Google’s reshuffle of top execs points to new strategy
      342 19 Reuters San Francisco GOOGLE Inc’s reshuffle of its senior ranks underscores the Internet company’s evolving business ambitions, analysts say. Four years after co-founder Larry Page took the reins back as chief executive officer, his team of lieutenants is clearly undergoing a
      Reuters; PHOTO: BLOOMBERG  -  342 words
    • Article
      Lock icon US indicts FedEx for ‘facilitating’ illegal pharmacies
      214 19 AFP Washington THE US Justice Department announced that package-delivery giant FedEx has been indicted for allegedly facilitating the distribution of controlled substances and prescription drugs sold by illegal online pharmacies. A federal grand jury in San Francisco indicted the company for having “knowingly
      AFP  -  214 words
    • Article, Illustration
      Lock icon Amazon offers unlimited e-book downloads
      467 20 Kindle service at US$9.99 a month opens up 600,000 titles, thousands of audiobooks Bloomberg AFP New York AMAZON.COM yesterday introduced a US$9.99-a-month service for unlimited Kindle e-book downloads, letting customers devour books the way they binge on TV services like Netflix and Amazon Prime. Kindle
      Bloomberg; AFP; PHOTO: BLOOMBERG  -  467 words
    • Briefing
      • Article
        Lock icon GE’s Q2 net income jumps 13% to US$3.55b
        104 20 Reuters New York General Electric Co (GE) reported a 13 per cent jump in quarterly net income yesterday on improved sales of its jet engines and oil and gas equipment. Second-quarter net income rose to US$3.55 billion, or 35 cents per share,
        Reuters  -  104 words
      • Article
        Lock icon Several billion yuan for China housing misused
        93 20 Reuters BeijingFunds totalling several billion yuan meant for the construction of China’s public housing was misappropriated last year, with thousands of homes allocated to undeserving families, according to a state audit published yesterday. The National Audit Office found that 9.3 billion yuan (S$1.9
        Reuters  -  93 words
      • Article
        Lock icon Alibaba’s US stock offer after Sept 1: source
        115 20 AFP Shanghai The highly-anticipated US stock offer by Chinese e-commerce giant Alibaba will take place after Sept 1, the official Xinhua news agency yesterday quoted an anonymous source as saying. The source said the roadshow for the initial public offering (IPO), which
        AFP  -  115 words
      • Article
        Lock icon Former Indonesian minister jailed for graft
        107 20 AFP Jakarta Indonesia’s former sports minister was jailed for four years yesterday over a US$40 million corruption case, the latest sentencing to have hit the popularity of the outgoing government. Andi Mallarangeng, who was considered an up-and-coming politician, accepted more than US$700,000 in bribes
        AFP  -  107 words
      • Article
        Lock icon Indonesia resumes metal concentrate exports
        113 20 Reuters Jakarta Indonesia has resumed exports of metal ore concentrates, a mining ministry official said yesterday, ending a six-month stoppage resulting from a new policy to improve returns on resources shipped out of South-east Asia’s largest economy. In January, Indonesia banned unprocessed ore exports and
        Reuters  -  113 words
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      61 19 3Need a room flat? 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. 4Want access to BBQ pits If you're looking for your dream condo complete with facilities, turn to the Print Classified
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8084 21 Transaction date: Jul 18 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.3 10.4 8Telecom 11.4 -1.1 60 11.4 11.4 11.7 12.9 6.3 1.1 14.8 54.6 20 5.1 A-Sonic Aero 8.6 -0.1 2968
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      Lock icon SGX CATALIST
      2004 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32 23 t 3Cnergy 500 32 32 39 38.4 28.5 20.5 t 800 Super 25.5 -0.5 202 26 25 25 25.5 3.2 3.9 7.9 45.6
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 2 0 0 0 6 7 2 Manufacturing 41 35 51 8 9 7 49 44 58 Commerce 15 18 25 1 5 6 16 23 31 Tpt/Stor/Comms 8 18 14
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      803 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jul 14 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) G.K. Goh Hldgs 17-Jul-14 GKG Investment Hldgs Buy 35 0.90 *****9 57.79 *****4 57.80 G.K. Goh Hldgs
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,750 19,750 37,620 37,620 Manufacturing 239,104 69,013 308,117 97,171 4,542 101,714 Commerce 40,887 105,451 146,338 89,724 6,683 96,407 Tpt/Stor/Comms 225,782 324 226,106 129,533 52 129,585 Finance 14,983 687 15,670 92,543 211 92,755 Construction 17,992 28,973
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Jul 17 COCOA (£/tonne) Close Prev High Low Sep 14 1916 1912 1929 1906 Dec 14 1891 1889 1905 1883 Mar 15 1878 1876 1890 1871 May 15 1870 1869 1882 1864 COFFEE(US$/tonne) Close Prev High Low Jul 14 2002 2012 2010 2010 Sep 14 1999 2009 2019 1995
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    • Article
      Lock icon METALS
      66 25 Jul 18 GOLD(US$/oz) Jul 18 Jul 17 Hong Kong 1316.00 1306.00 Jul 17 Jul 16 London 1303.40 1301.10 1304.20 1302.00 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 26.60 25.83 Source: UOB PLATINUM Lon (US$/oz) Jul 17 Close Previous PM Fix 1497.00 1479.00 AM Fix 1492.00 1481.00 Source:
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Jul 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.188 1.132 Can dollar 1.177 1.132 Euro 1.720 1.639 Sterling pound 2.164 2.081 NZ dollar 1.103 1.061 US dollar 1.268 1.208 Local dollars to 100 units of foreign currency: Currencies Sell
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 25 YTD change: +4.52% 52-week high: 3,311.44 on June 9,2014 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 25 YTD change: +0.64% 52-week high: 24,111.55 on Dec 2,2013 52-week low: 21,137.61 on March 20,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 25 YTD change: -2.69% 52-week high: 2,270.27 on Sept 12,2013 52-week low: 1,965.36 on July 30,2013 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 25 YTD change: -6.60% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 13,188.14 on Aug 28,2013 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 25 YTD change: +2.41% 52-week high: 17,151.56 on July 17,2014 52-week low: 14,719.43 on Oct 9,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
    • Article
      Lock icon PALM OIL
      57 25 Jul 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2380.0 2381.0 2390.0 2374.0 722 7929 Sep 14 2307.0 2316.0 2336.0 2307.0 4416 ***** Oct 14 2280.0 2293.0 2312.0 2280.0 ***** ***** Nov 14 2285.0 2293.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      74 25 Jul 18 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-19 106.5 10-Year NX*****H 2.750 01-Jul-23 104.07 15-Year NY*****E 2.875
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Jul 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1640 1.1654 0.9382 0.9386 Canadian dollar 1.1533 1.1549 0.9301 0.9295 Euro 1.6790 1.6805 1.3533 1.3535 NZ dollar 1.0772 1.0786 0.8682 0.8687 Sterling pound 2.1218 2.1239 1.7102 1.7106
      155 words
    • Article
      Lock icon CHICAGO BOT
      105 25 Jul 17 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 14 1174.75 1187.25 1200.00 1171.00 Sep 14 1110.50 1121.50 1136.25 1107.75 Nov 14 1094.00 1102.00 1118.75 1092.00 Jan 15 1101.75 1110.50 1126.50 1100.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Aug 14 36.37 36.83 36.98
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      Lock icon OIL
      68 25 Jul 17 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 107.55 unch WTI (Near Mth) 103.06 1.76 Dubai (1-Mth F) 104.28 -0.01 Tapis blend 109.19 0.65 Minas 104.79 0.65 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.83 -0.61 Jet Kerosene 118.20 -0.01 US$/barrel OpecOil Basket Price 105.04
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      Lock icon LONDON METALS
      72 25 Jul 17 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1974.25 1954.50 3 months 1989.00 1970.00 Copper, Grade A (US$/tonne) Cash 7065.50 7070.25 3 months 7067.50 7078.00 Lead (US$/tonne) Cash 2164.25 2177.00 3 months 2190.00 2205.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jul 17 Index Change Change Change Change Change Change World Preliminary 1237.9 -0.5 4.5 -0.6 3.1 -0.6 4.9 EAFE Preliminary 967.3 -0.6 1.1 -0.8 0.4 -0.7 2.0 Europe Preliminary 1382.0 -0.9 2.0
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Helping China’s doves
      1019 26 / 27  -  Instead of panicking, the West should realise that the hawks haven’t won the debate in Beijing. By Kishore Mahbubani ~The writer is dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore NYT CHINA is on the verge of destroying a
      NYT; PHOTO: REUTERS d  -  1,019 words
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      Lock icon Why Germany won the World Cup
      717 26 / 27  -  By Stephan Richter ~The writer is the editor-in-chief and publisher of ‘The Globalist’, a Web portal that covers international affairs IT IS an age-old question: does the soccer field offer broader lessons for life and can big tournaments lead to changing of the perception
      PHOTO: AFP  -  717 words
  • Page 26 / 27 Miscellaneous
    • Miscellaneous
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      320 26 / 27 SATURDAY with Ludwig ‘She insists on Tomorrow’s Special.’ CRYPTIC CROSSWORD Across 1 Top hard men having a row (6) 4 Item worn on divers occasions? (8) 9 Fan not working, having had grease removed (3-3) 10 Indifference to pleasure or pain as sitcom is switched over (8) 11 Military band
      320 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon How trust may undo Bitcoin
        763 28 / 29  -  A mining pool which gained a 51% share of computing power used in Bitcoin’s output is causing concern to the currency’s enthusiasts. By Leonid Bershidsky By Leonid Bershidsky Bloomb erg NONE of Bitcoin’s recent troubles technological glitches and the collapse of the biggest cryptocurrency exchange,
        Bloomberg; PHOTO: BLOOMBERG  -  763 words
      • Article
        Lock icon Bitcoin value seen to plummet further: poll
        366 28 / 29 Bloomberg Portland BITCOINS, which lost 45 per cent of their value after skyrocketing to more than US$1,100 last year, are poised to tumble further, according to the latest Bloomberg global poll of financial professionals. Fifty-five per cent of those surveyed said that the
        Bloomberg  -  366 words
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        Lock icon BROKERS' TAKE
        809 28 / 29  -  Compiled by Teh Shi Ning Genting Singapore Add CIMB Research July 17 Close S$1.325 MARINA Bay Sands (MBS) reported a Q2 2014 adjusted Ebitda of US$418 million, up 18 per cent y-o-y, mainly due to a favourable VIP and mass-win percentage. We believe that Resorts World Sentosa (RWS)
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    • WEALTH REAL ESTATE
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        Lock icon Househunt
        883 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUNE 4 AND JUNE 10, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Clift Apt 06/06/2014 99 818 1580 1931 District 3 NON-LANDED Alex Residences Apt
        883 words
      • Article, Illustration
        Lock icon China home prices dip in June
        749 31 Analysts expect further falls even as Beijing tells local govts to take steps to stabilise markets Reuters Beijing CHINA’S new home prices fell in June from May for a second straight month and are expected to continue declining a challenge for Beijing if prices
        Reuters; PHOTO: REUTERS  -  749 words
      • Article
        Lock icon Vancouver House launches in Singapore
        265 31  -  By Sheena Tan tsheena@sph.com.sg Singapore DEVELOPERS from far afield are tapping the Singapore investor market, following on the heels of those from London, Australia and Malaysia. The latest is Canadian luxury developer Westbank Corporation, which launches freehold condominium Vancouver House for sale here today. Prices
        265 words
      • Article
        Lock icon Blackstone targets US$100b in core property
        337 31 Bloomberg Seattle BLACKSTONE Group may have US$100 billion of low-risk real estate under management in a decade as the firm expands beyond distressed properties, chairman and chief executive officer Stephen Schwarzman said. “The core-plus asset class is about three times the size of what
        Bloomberg  -  337 words
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      160 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENIA, A PLACE OF RAW NATURE AND UNFORGIVING CLIMATE. FIRST SETTLED IN THE SIXTH CENTURY BY MONKS WHO SAW IN THIS AUSTERE ENVI RONMENT A RARE SERENITY AND SPIRITUALITY; MORE RECENTLY, SINCE 1875, THE HOME OF
      160 words
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      67 1 THE BUSINESS TIMES WEEKEND JULY 19 20 2014 BT Living CO-WORK OPERATIONS Startups opt for creative workspaces with an indie edge L2-6 DINING On a roll with lobster L6-7 PHOTO OF ART SOCIAL HAUS: YEN MENG JIIN HOME GARDEN Cosy hideaway off Killiney Road L10-11 HEALTH TCM goes modern L13
      67 words
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  • BT Living
    • Article, Illustration
      Lock icon CO-WORK OPERATIONS
      3979 2 / 3  -  Much has changed since Hackerspace, Singapore’s first co-working space, opened in Singapore in 2009. Debbie Yongand Georgine Verano give updates on new collaborative working communities with a difference By Debbie Yong debyong@sph.com.sg @DebbieYongBT By Georgine Verano gverano@sph.com.sg Woolf Works 176 Joo Chiat Rd, #02-01 Z9002 3724 info@woolfworks.sg www.facebook.com/WoolfWorksSg
      PHOTOS: DEBBIE YONG; PHOTO: YEN MENG JIIN; PHOTO: THE TOOL ROOM; PHOTO: DEBBIE YONG; PHOTOS: DEBBIE YONG, 13; PHOTOS: THE BEAUTIFUL MOMENT PHOTOGRAPHY, HOME-FIX XPC  -  3,979 words
    • DINING
      • Article, Illustration
        Lock icon Lobster on a roll
        745 6 / 7  -  They’re swaddled with mayonnaise, fried in butter but oh so delicious. Debbie Yong looks at why New England-style lobster rolls are suddenly trending here Debbie Yong MOVE aside, wagyu burgers. Lobster rolls are the gourmet fast food du jour. Essentially a butter-griddled hot dog bun stuffed
        PHOTO: DEBBIE YONG  -  745 words
      • Article, Illustration
        Lock icon Roll call
        1423 6 / 7 An ideal bread-to-lobster ratio is just one of the criteria setting apart the good from the middling. We taste-test rolls from nine different restaurants across Singapore Pince and Pints, S$48 32-33 Duxton Road Z 6225 7558 PINCE and Pints may be late to the lobster party, but brings
        PHOTOS: DEBBIE YONG  -  1,423 words
    • STYLE
      • Article, Illustration
        Lock icon Semi-permanent beauty
        1388 8 / 9  -  For time-strapped women, the latest in time-saving beauty treatments help cut down faceprepping considerably. But are some of the treatments worth the risks? By May Yip By May Yip FORGET the five-minute face. Recent research by US morning TV programme The Today Show and mass media corporation AOL
        PHOTOS: ERABELLE  -  1,388 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon Show&sell
        1067 10 / 11  -  Millie Heath, who works for British lighting brand Vaughan, transforms her home into a showcase for her clients who get to see the lighting in situ. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT ANYONE would be excited about getting the keys to a new
        PHOTOS: YEN MENG JIIN  -  1,067 words
    • DESIGN
      • Article, Illustration
        Lock icon Flower power
        941 12  -  Landscape architect Jun-ichi Inada thinks of plants as members of a space that can interpret the weather. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT HOW would you describe a plant? That depends on who you ask. A man on the street might point out
        PHOTOS: YEN MENG JIIN, WIN LANDSCAPE PLANNING & DESIGN  -  941 words
    • HEALTH
      • Article, Illustration
        Lock icon TCM’s luxe and modern take
        762 13  -  At Como Shambala, resident TCM practitioner Mark Chern opens up a new world of treatment options. By Cheah Ui-Hoon By Cheah Ui-Hoon THOSE who swear by traditional Chinese treatments such as guasha, cupping and acupuncture tend to resign themselves to a less-than-in-viting environment for treatment.
        762 words
    • MOTORING
      • Article, Illustration
        Lock icon A hotter hybrid
        617 14  -  The Lexus CT200h gets a makeover and sportier handling. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE Lexus brand’s first sports hatchback has finally become that sporty. The CT Hybrid was the Japanese luxury carmaker’s first four-cyl-inder model with a full hybrid system when it debuted here
        617 words
      • Article, Illustration
        Lock icon SLICKER CITY
        660 15  -  The new Honda City is a small family sedan with surprisingly good performance. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FIRST, the bad news. The new Honda City isn’t much to look at. The stubby sedan is ungainly, to say the least, with a design that looks like
        660 words
    • SPORTS
      • Article, Illustration
        Lock icon The best and worst of the 2014 World Cup
        819 16  -  Germany signal their arrival as a new world power in football, while a few traditional giants of the game must do some serious soul searching no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent SIXTY-FOUR games in 32 days with a record-equalling
        PHOTOS: REUTERS, AFP  -  819 words
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      937 4 / 5 wine& dine with BTWeekend Peach Blossoms Marina Mandarin Singapore, Level 5 6 Raffles BoulevardZ 6845 1118 Mid-Autumn Festival Gather your loved ones for an outdoor reunion and add a twist to this annual celebration by pairing tea with different mooncake flavours. Peach Blossoms introduces a new creation, the Mini Yolk
      937 words
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      270 13 r a s I I.J. HEART, STROKE CANCER CENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” preserving Health and Longevity Expertise in the Prevention, early Detection and Management of Heart disease, M Stroke and Cancer Multi-disciplinary team of highly experienced specialists in various field led by senior
      270 words
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