The Business Times, 23 July 2014

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33182
Total Pages: 50
1 22 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, July 23, 2014G
    25 words
  • Article, Illustration
    Lock icon Jokowi wins presidential poll
    756 1  -  Prabowo accepts defeat; may lack muscle to be disruptive force to new president By JEFF HUTTON in Jakarta THE frontrunner in Indonesia’ presidential polls, Jakarta governor Joko Widodo, has won the country’s third-ever poll for the top job, the General Elections Commission (KPU) announced yesterday. KPU
    PHOTOS: REUTERS, AFP  -  756 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,316.91 (+2.64) GST INDEX FUTURES 3,316.00 (+5.00) GSIMSCI 378.77 (+0.44) GSIMSCI FUTURES 378.70 (+1.10) US$ S$ US$ (S$ per US$) 1.241 (US$/S$ per 1.707 2.119 EURO (US$/S$/€ 1.350 1.676 Foreign currency per US$ S$ YEN 101.50 81.80 RM 3.178 2.560 HK$ 7.752 6.245 BAHT 31.87 25.68 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      49 1 Tuesday Change KL COMP 1,871.36 +2.72 NIKKEI 225 15,343.28 +127.57 HANG SENG 23,782.11 +394.97 SET INDEX 1,520.81 -17.74 JAKARTA COMP 5,083.52 -43.60 MANILA COMP 6,869.94 -4.94 SEOUL COMP 2,028.93 +10.43 SHENZHEN B 896.42 +6.56 MUMBAI IND 26,025.80 +310.63 12 noon EDT Change DOW 17,121.51 +69.78 NASDAQ 4,460.03 +35.32
      49 words
    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG TAIWAN INDONESIA JAPAN TAIWAN 5.036 JAPAN 1.475 CANADA 9.33 SWITZERLAND 0.50 US Source: Bloomberg
      22 words
  • Article, Illustration
    Lock icon Sales of super sports cars down to a trickle
    640 1  -  BY SAMUEL EE samue|ee@sph.com.sg [SINGAPORE] Sales of super sports cars have slowed to a crawl since the tax hikes and loan curbs of last year took effect, with registrations in the first half of this year up to 90 per cent
    640 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      197 1 COMMENTARY Long, hot summer ahead for Obama PAGE 21 S’PORE NEWS Developers more pessimistic about property market outlook PAGE 9 EXEC MONEY Myths and realities of hedge funds PAGE 27 STRAIT TALK Being ready when things go wrong PAGE 17 ASIA continues to be the fastest growing private banking region
      197 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      299 2 Jokowi wins presidential poll THE frontrunner in Indonesia’ presidential polls, Jakarta governor Joko Widodo, has won the country’s third-ever poll for the top job. FRONT PAGE Sales of super sports cars down SALES of super sports cars have slowed to a crawl since the tax hikes and loan
      299 words
    • Article, Illustration
      Lock icon Aviation safety gaps need to be plugged
      953 2  -  Govts must kickstart reviews on how airspace risk assessments are conducted COMMENTARY By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] HE aviation community as was the world at large was caught entirely offguard when a fully laden commercial flight was shot down last week over
      953 words
    • Article, Illustration
      Lock icon Smart money’s on equities in developed markets
      1033 4  -  Bull market may be ageing but bonds still get underweight treatment By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] What does the smart money say about investing in the second half of 2014? Well, it seems that despite the ageing bull market, the consensus
      1,033 words
    • Article
      Lock icon Petrol hikes push June consumer prices up 0.3%
      756 4 LATEST US DATA Bloomberg Reuters [WASHINGTON] The cost of living in the US rose last month, paced by a jump in petrol that is now reversing, bolstering Federal Reserve chair Janet Yellen’s view that recent increases were temporary. The consumer price index
      Bloomberg; Reuters  -  756 words
    • Article, Illustration
      Lock icon Crowdtivate unveils first 12 crowdfunding projects
      611 4  -  They are picked by StarHub from more than 400 entries By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT [SINGAPORE] Crowdtivate, StarHub’s new crowdfunding platform, unveiled the first 12 projects that are looking to raise funds from the public, yesterday. These projects were picked by StarHub from more
      611 words
    • Article
      Lock icon Private pension plans ‘no walk in the park’: DPM
      521 4  -  By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] The Singapore government has not closed the door on allowing Central Provident Fund (CPF) members to use their CPF monies for private pension plans. Deputy Prime Minister Tharman Shanmugaratnam said yesterday that such plans remain
      521 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      135 2 No more manual and unconnected solution! Sage is the leading provider of business software solution for small and medium sized companies. We aim to provide business software solutions that are easy to use and to manage, to help you focus on what’s important, to manage and achieve your business goals.
      135 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      261 2 UJ, NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School The Nanyang EM BA maximises your potential today, to seize tomorrow’s opportunities. General Management A programme that provides the knowledge and skills to realize your individual and corporate potential to succeed in this highly competitive and dynamic era. Aviation Air Transport An Executive
      261 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      123 3 n A STAR ALLIANCE MEMBER Proud To Be A Shining Star EVA AIR, a Star Alliance member.Your best choice for business travel between North America and Southeast Asia. 'V China Hong Kong/Macau Manila Hanoi Bangkok Phnom Penh Ho Chi Minh City Kuala Lumpur Singapore Jakarta 4/week Vancouver 5/week Seattle Taiwan
      123 words
Page thumbnail Page 4
Page thumbnail Page 5
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Suntec Reit’s Q2 DPU up despite equity dilution
      796 5  -  Its shares added two S’pore cents to hit a one-year high of S$1.855 yesterday By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT SUNTEC Reit yesterday announced a distribution per unit of 2.266 Singapore cents for its second quarter ended June 30, 2014, a slight increase
      ST FILE PHOTO  -  796 words
    • Article, Illustration
      Lock icon Higher rental rates boost MIT’s Q1 DPU
      400 5  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT MAPLETREE Industrial Trust (MIT) yesterday posted a distribution per unit (DPU) of 2.51 Singapore cents for its first quarter ended June 30, a 3.3 per cent increase from a year ago. This came on the back of a
      PHOTO: BLOOMBERG  -  400 words
    • Article, Illustration
      Lock icon Q1 profit at SATS slides to S$43.3m
      377 7  -  Revenue flat at S$435.2m; firm sees moderate growth at Changi Airport By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT GATEWAY services and food solutions provider SATS has reported a net profit of S$43.3 million for the first quarter ended June 30, 2014, down 6.3 per cent
      377 words
    • Article
      Lock icon Keppel T&T’s Q2 profit down 12.8%, revenue up 27%
      370 7  -  By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT KEPPEL Telecommunications Transportation (Keppel T&T) posted a 12.8 per cent decline in net profit to S$14.3 million on higher interest expenses and lower share of results of its associated companies for the second quarter ended June
      370 words
    • Article
      Lock icon Vard nets 140m kroner in Q2 turnaround
      413 7  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT THE tide was in favour of Singapore-listed Vard Holdings in the second quarter of this year. With revenue just marginally lower at 2.942 billion Norwegian kroner (S$588.7 million) for the April-June quarter, the Nor-way-headquartered company known formerly as
      413 words
    • Article, Illustration
      Lock icon FCT’s Q3 DPU rises 6% on higher rentals
      464 8  -  Higher occupancy also contributes to gross revenue rising 3.1% to S$41.2m By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT FRASERS Centrepoint Trust (FCT) reported a 6 per cent rise in distribution per unit (DPU) to 3.022 Singapore cents in the third quarter ended June 30,
      PHOTO: BLOOMBERG  -  464 words
    • COMPANY BRIEFS
      • Article
        Lock icon Intraco posts profit warning
        58 8 INTRACO issued a profit warning yesterday, saying it is expected to report a loss for the half year ended June 30. It attributed the expected loss to low trading margins from the group’s “Trading Others” segment as a result of intense market competition. Its H1 results
        58 words
      • Article
        Lock icon Sino Construction’s Aussie deal
        66 8 SINO Construction Limited yesterday signed a conditional sale-and-purchase agreement (SPA) with Bizcap Investments Ltd to acquire a 52 per cent stake in Jems Exploration Pty Ltd for US$20 million. Australia-based Jems is undertaking a coal-development project in Queensland, Australia. The SPA agreement is conditional, among other
        66 words
      • Article
        Lock icon China Powerplus closer to delisting
        70 8 THE delisting offer by major shareholders to take China Powerplus private turned unconditional yesterday, after total valid acceptances for the offer hit 91.58 per cent. China Powerplus’ executive directors Guo Dianyan and Hao Yanping, who own a combined 45.62 per cent stake in China Powerplus
        70 words
      • Article
        Lock icon GLP signs new lease in China
        50 8 GLOBAL Logistic Properties Limited has signed a new lease agreement totalling 15,000 sq m with a leading multi-channel retailer in China. The customer will use the facility to meet increasing demand for products sold through its e-commerce and TV shopping platforms in mid-western China.
        50 words
    • Article
      Lock icon PICTET
      271 8 Pictet-Absl Rtn Fxd Inc-HP EUR 17/07/2014 EUR 102,92 Pictet-Absl Rtn Glo Div-P EUR 17/07/2014 EUR 117,53 Pictet-Asian Equities Ex Japan-P USD 18/07/2014 USD 193,86 Pictet-Asian Local Currency Debt-P USD 18/07/2014 USD 149,91 Pictet-Biotech-P USD 17/07/2014 USD 552,67 Pictet-Clean Energy-P USD 17/07/2014 USD 89,40 Pictet-Digital Communication-P USD 17/07/2014 USD 209,08
      271 words
    • Article
      Lock icon Pteris part of larger plans, says CIMC
      331 8  -  By CAI YONG caiyong@sph.com.sg CHINA International Marine Containers (CIMC) is seeking to expand its airport logistics systems (ALS) business and Singapore-list-ed Pteris Global will be an important part of the plan, said CIMC board secretary Yu Yuqun. This afternoon, Pteris shareholders will vote
      331 words
    • Article
      Lock icon Pacific Andes bonds snapped up
      388 8  -  By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT PACIFIC Andes Resources Development’s (PARD) inaugural Sing-dollar bond issue sold like hot cakes yesterday in what has become a familiar refrain in the local debt market. The frozen fish supplier is said to have received orders exceeding S$2 billion
      388 words
    • Article
      Lock icon Spackman thrills on debut while First Sponsor falls
      241 8  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT SPACKMAN Entertainment Group a Korean film production company made a sterling trading debut on the Catalist board yesterday. In contrast, real estate firm First Sponsor Group sank below its initial public offering (IPO) price on the mainboard.
      241 words
    • Article
      Lock icon Swissco gets nod for Scott & English deal
      355 8  - Swissco gets nod for Scott English deal Shareholders also pass resolution to consolidate shares BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheo|<BT SWISSCO Holdings yesterday received the go-ahead from its shareholders for the “very substantial acquisition” of privately owned oil and gas contractor Scott English Energy for about S$285 million. Alex Yeo, Swissco
      355 words
    • Article
      Lock icon Cosco Corp units score US$300m in contracts
      447 8  -  By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT COSCO Corporation (Singapore) says its shipyard subsidiaries have scored contracts worth some US$300 million. The listed shiprepair, shipbuilding and offshore marine engineering parent company said these deals involve the building of an accommodation barge and seven bulk carriers.
      447 words
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      48 5 m A m <9 J a w I 1 i r a 0 acy m3eF HOROLOGICAL LAB WWW.MBANDF.COM i THE HOURGLASS SINGAPORE PARAGON MORE PASSION ION ORCHARD L'ATELIER KNIGHTSBRIDGE MALMAISON TEL: 65-6735 6466 TEL: 65-6509 9268 TEL: 65-6884 8484 KUALA LUMPUR PAVILION SHOPPING MALL TEL: 603-2148 8930 WWW.THEHOURGLASS.COM
      48 words
Page thumbnail Page 6
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Resilient STI scales new high again
      602 6  -  Rise comes despite Wall Street decline, and is accompanied by gains in other regional bourses STOCKS ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent WITH surprising resilience, the local bourse’s key index marched upwards, unhindered by the overnight losses on all Street and rising global tension,
      Source: Bloomberg  -  602 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jul 22 VALUE CLOSE BT OB/OS -15.00 +83.00 BT CADI -*****.00 +39.00 BT 10-day MA -*****.00 -1.00 FTSE ST Mid Cap 782.86 +1.17 FTSE ST Small Cap 567.41 +1.20 FTSE ST All Share 809.47 +0.81 FTSE ST China Top 199.11 +0.84 FTSE ST China 227.01 -0.19 FTSE
      77 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Jaya 195,561,000 Spackman 128,477,000 Weiye 115,692,000 MDR 111,738,000 SIIC Environment 111,346,000 IHC 75,758,000 Top Global 67,024,000 Memstar Tech 53,797,000 China Fibretech 51,534,000 Vallianz 40,572,000 VALUE($) DBS Grp 79,504,068 Spackman 54,977,720 GuocoLand Ltd 41,348,210 UOB 37,919,818 SingTel 35,158,640 CapitaMall Trust 24,882,230 Golden Agri-Res 20,998,565 Ezion 20,415,725 CapitaCom
      56 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 3 5 0 0 0 6 3 5 Manufacturing 48 33 45 9 8 5 57 41 50 Commerce 23 18 22 7 4 5 30 22 27 Tpt/Stor/Comms 17 14 13
      186 words
    • Article
      Lock icon BROKERS’ TAKE
      980 6  -  Compiled by CAI HAOXIANG Ascott Residence Trust July 22 close: S$1.28 CIMB Research, July 22 Q2 2014 net property income (NPI) and DPU came in at S$46.5 million (+13.6 per cent y-o-y) and 2.19 Singapore cents (-10.5 per cent y-o-y), respectively. This set of results was in line
      980 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,635 19,635 30,803 30,803 Manufacturing 347,617 63,392 411,009 111,161 11,690 122,850 Commerce 66,702 102,755 169,457 65,484 9,202 74,686 Tpt/Stor/Comms 285,473 1,673 287,146 118,516 204 118,719 Finance 24,184 956 25,140 145,232 304 145,537 Construction 83,159 41,689
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      118 6 Stock name Close Change Ascendas Reit 2.320 -0.010 CapitaLand 3.300 +0.010 CapitaMall Trust 2.010 +0.025 CityDev 10.470 +0.120 ComfortDelGro 2.590 +0.010 DBS Grp 17.610 +0.130 Genting Sing 1.325 +0.005 Global Logistic 2.720 -0.030 Golden Agri-Res 0.555 HPH Trust USD 0.740 HongkongLand USD 6.750 -0.020 JMH 400
      118 words
    • Article, Illustration
      Lock icon US$ rises to 8-month peak against euro
      382 6 CURRENCIES Bloomberg [LONDON] The US dollar yesterday rose to the highest level in eight months against the euro as an increase in short-term US Treasury yields signalled mounting speculation that Federal Reserve chair Janet Yellen will need to raise interest rates. The greenback
      Bloomberg; PHOTO: BLOOMBERG  -  382 words
    • Article
      Lock icon RISES
      119 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 110.5 0.7 DBXT E50 10US$ 5373 72.0 1.1 DBXT MSKorea 10US$ 6525 55.9 0.7 DBXT FTChina25 10US$ 3092 54.6 1.4 DBXT USDIGInfl 5US$ ***** 54.6 0.2 Lyxor China H 10US$ 1462 48.4 2.7 DBXT iBoxxKR 5US$ ***** 36.0 0.2 Lyxor AsiaIT
      119 words
    • Article
      Lock icon FALLS
      131 6 BY CENTS CLOSE DOWN Lyxor Indonesia10US$ 9495 -132.8 -1.1 DBXT iBoxxSvEu 5US$ ***** -83.2 -0.2 DBXT EONIA 5US$ ***** -67.0 -0.3 Hyflux 6% CPS 10 ***** -60.0 -0.6 GLD 10US$ ***** -57.1 -0.4 JSH 500 USD 3580 -49.6 -1.1 Lyxor ThaiSET 10US$ ***** -48.4 -0.3 Combine Will 100 84.5
      131 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      186 7 Vv A 1 r; TO .lih f\ X. Lk W Leisure Farm wVii 9 i N w Limited Release of Good Class Bungalow Freehold Land for Minimum Bid Tender, with land sizes starting from 12,300 sq. ft. extending l I to 1.3 acre. Reserve price starts from RM2. exclusive !.64
      186 words
Page thumbnail Page 8
Page thumbnail Page 9
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Developers’ pessimism deepens in Q2
      457 9  -  Rising construction costs, inflation, interest rates seen roiling market PROPERTY By MINDY TAN tanmindy@sph.com.sg @MindyTanBT DEVELOPERS are more pessimistic about the property market in the coming six months, citing rising cost of construction, inflation, and interest rates as factors that will likely have an adverse
      Source: NUS-Redas Research  -  457 words
    • Article, Illustration
      Lock icon HDB to allow flat sellers to extend stay
      558 9  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT FLAT sellers will, with immediate effect, be able to negotiate with buyers for a temporary extension of stay in their flats by up to three months. This will give them more time to move out of their
      FILE PHOTO  -  558 words
    • Article
      Lock icon The Parthenon Group, EY combine operations
      266 9 Combined business will advise clients on capital investments GLOBAL strategy consultancy The Parthenon Group will be combining its operations worldwide with international Big Four professional services firm EY. The Parthenon Group, with 300 professionals in offices in Boston, London, Mumbai, San Francisco, Shanghai and
      266 words
    • Article
      Lock icon Hotter interest in solar energy products
      329 9  -  By CAI YONG caiyong@sph.com.sg A SURVEY by a consultancy here has uncovered a burgeoning market in solar energy and smart-home products among Singaporeans. Accenture, which interviewed 500 Singaporeans, reports that 5 per cent have already purchased solar panels for their homes, and 56 per
      329 words
    • Article
      Lock icon SingTel donates S$1.1m to benefit disabled
      277 9  -  BY SHEENA TAN tsheena@sph.com.sg SINGTEL announced yesterday a donation of S$1.1 million to SG Enable, an agency which provides services for disabled people, with the money going towards the setting up and running of the Enabling Innovation Centre (EIC). The centre, part of an
      277 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      350 9 The HEAD Foundation is pleased to present a free public lecture entitled A m What do successful entrepreneurs and innovators really do? with PROF SIMON TAM Simon Tam is adjunct associate professor at the University of Hong Kong Business School, co-founder of the Academy of Innovation, and co-founder of ICO
      350 words
Page thumbnail Page 10
  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Car sales in Malaysia up 9.2% in June
      562 10  -  Increase underscores challenge of reining in country’s high household debt By PAULINE NG in Kuala Lumpur MALAYSIA’S car sales continued to accelerate last month, underscoring the challenge of reining in the country’s high household debt which has reached a peak of 87
      PHOTO: BLOOMBERG  -  562 words
    • Article
      Lock icon Goldis’ offer for property developer seen undervalued
      522 10 [PETALING JAYA] The Tan family’s attempt to tighten their grip on the crown jewel parked under IGB Corp Bhd will likely be met with resistance from minority shareholders, as the takeover offer made through Goldis Bhd has been deemed as unattractive by most
      522 words
    • Article
      Lock icon Indonesia exports of palm oil seen falling
      251 10 Reuters [JAKARTA] Indonesia is expected to export between 19 million and 20 million tonnes of palm oil this year, according to a leading industry association, a decline of up to 9.5 per cent from the 21 million tonnes that the world’s top producer
      Reuters  -  251 words
    • Article
      Lock icon KL’s Islamic megabank a threat to HSBC
      617 10 Bloomberg [KUALA LUMPUR] Malaysian Prime Minister Najib Razak’s goal of creating an Islamic “megabank” is gaining momentum, posing a threat to HSBC Holdings plc’s position as the top global sukuk arranger. CIMB Holdings Bhd, RHB Capital Bhd and the Malaysia Building Society Bhd
      Bloomberg  -  617 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      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
      170 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 2
      37 10 FI'EE FACILITIES MANAGEMENT SOLUTIONS EXPO 2014 14 -16 October 2014 SINGAPORE EXPO HALLS 3 4 www.fmse.com.sg 1 I t> TOWARDS A SUSTAINABLE BUILT ENVIRONMENT > MHnB/ To Exhibit: Tel:+65 6319 4021 Email: fmse@sph.com.sg To Visit: Pre-register at www.fmse.com.sg
      37 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 3
      84 10 10aM 7pm 2nd-3rdAug 2014 SUNTEC SINGAPORE CONVENTION EXHIBITION CENTRE LEVEL 4, EXHiBITION HALL 401 402 EVENT HIGHLIGHTS Interact Access to Local International Exhibitors Panel Discussion on Market Outlook moderated by Keith De Souza (LIVE938 DJ) The A-Z Talkshow with Claressa Monteiro (Kiss92 DJ) Keynote Presentations by Popular Investment Speakers Over
      84 words
Page thumbnail Page 11
  • CHINA/INDIA
    • Article, Illustration
      Lock icon More F&B firms hit by China food scandal
      740 11 Starbucks, Burger King among those joining McDonald’s, KFC Reuters [SHANGHAI] The latest food scandal in China is spreading fast, dragging in US coffee chain Starbucks, Burger King Worldwide and others, as well as McDonald’s products as far away as Japan. McDonald’s Corp
      Reuters; PHOTO: BLOOMBERG  -  740 words
    • Article
      Lock icon Alibaba rebuts NYT claims about political connections
      452 11 NYT [NEW YORK] The Alibaba Group responded to an article in The New York Times (NYT) about the political connections of some of its shareholders, saying the company relies on the market, not on the background of any of its investors, to drive
      NYT  -  452 words
    • Article
      Lock icon Xiaomi partners Flipkart to sell phones in India
      599 11 Feature-rich cheap phones to enter big growth market Bloomberg [NEW DELHI] In just four years, Xiaomi Corp has evolved from startup to outselling Apple Inc in China by offering inexpensive devices packed with high-end features. Now it’s targeting India. After using social
      Bloomberg  -  599 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      315 11 NATIONAL DAY CELEBRATIONS AT EQUINOX RESTAURANT Commemorate the nation's 49 th birthday and immerse yourself in the awe-inspiring views of the spectacular fireworks display, accompanied with exquisite dining pleasures at Equinox Restaurant. 26 July and 2 August 2014* National Day Fireworks 5-Course Set Dinner $165++ per person Additional $10++ per
      315 words
Page thumbnail Page 12
  • WORLD
    • Article, Illustration
      Lock icon Japan trims this year’s real GDP growth forecast to 1.2%
      587 12  -  Inflation likely to hit BOJ’s 2% target by end of current fiscal year: Cabinet Office By ANTHONY ROWLEY in Tokyo THE Japanese government yesterday cut its forecast for real (inflation-adjusted) growth in gross domestic product (GDP) in the current fiscal
      PHOTO: AFP  -  587 words
    • Article
      Lock icon Serious Fraud Office joins in global FX probe
      671 12 NYT [LONDON] Britain’s Serious Fraud Office, which investigates and prosecutes fraud and corruption, joined other global regulators in investigating accusations of abuse in the multi-tril-lion-dollar foreign exchange market. The criminal inquiry will focus on accusations against various employees at banks and other
      NYT  -  671 words
    • Article
      Lock icon IMF not alone in moderating growth forecasts
      390 12 Bloomberg [PARIS] IMF could well stand for “It’s Moderating Forecasts” so often has the International Monetary Fund downgraded the outlook for world economic growth. The Washington-based lender is poised this week to cut its estimate for global expansion in 2014 from 3.6 per
      Bloomberg  -  390 words
    • Article
      Lock icon Hedge funds used complex instruments to avoid tax: report
      757 12 They conducted trades using structures known as ‘basket options’ NYT [WASHINGTON] A Senate investigation has found that hedge funds in particular, James Simons’s Renaissance Technologies used complex financial structures to claim billions of dollars in tax savings. Between 1998 and 2013,
      NYT  -  757 words
    • Article, Illustration
      Lock icon Credit Suisse in the red after US tax fine of US$2.6b
      612 12 700m Swiss franc Q2 loss is biggest since 2008 Bloomberg [ZURICH] Credit Suisse Group AG said that it will abandon commodities trading as a US$2.6 billion fine to settle a US tax investigation pushed the Swiss bank to its
      Bloomberg; PHOTO: BLOOMBERG  -  612 words
    • Article, Illustration
      Lock icon Fed economists optimistic about jobs market data
      547 13 Improvement mainly due to rise in long-term jobless finding employment Bloomberg [WASHINGTON] Federal Reserve researchers said they see a “number of reasons to be optimistic” about improvement in the US labour market after a “sizeable decline” this year in long-term joblessness. The Fed
      Bloomberg; PHOTO: AFP  -  547 words
    • Article, Illustration
      Lock icon Russia Micex loses US$28b since Crimea crisis
      914 13 Market slump is also exacerbating economic slowdown in country Bloomberg [NEW YORK] President Vladimir Putin’s meddling in Ukraine cost Russia dearly in financial markets. With the downing of Malaysia Airlines Flight 17, the toll is only getting worse. The price to protect Russian
      Bloomberg; PHOTO: BLOOMBERG  -  914 words
    • Article
      Lock icon Demographic shifts make it hard to gauge US job market
      1277 13 Bloomb erg [WASHINGTON] Federal Reserve chair Janet Yellen’s focus on wages to help gauge the strength of the job market could need fine-tuning as baby boomers approach the twilight of their careers and millennials jump in to fill the void.
      Bloomberg  -  1,277 words
    • Article
      Lock icon CP Foods to open 500 Thai fast-food outlets in Australia
      224 13 AFP [SYDNEY] Thailand’s Charoen Pokphand Foods is planning to roll out up to 500 quick-service Thai restaurants in Australia, a market it sees as ripe for a fast-food explosion, reports said yesterday. The food arm of Thailand’s largest agricul-ture-based company
      AFP  -  224 words
    • Article, Illustration
      Lock icon US firms racing to close tax inversion deals
      1159 14 Lawmakers are pushing to pass retroactive antiinversion laws Bloom berg [WASHINGTON] US companies are racing to complete tax-reducing offshore mergers before a credible threat to stop them emerges from Congress. AbbVie Inc, maker of the arthritis medicine Humira, announced the largest such
      Bloomberg; PHOTO: BLOOMBERG  -  1,159 words
    • Article, Illustration
      Lock icon British economy facing political uncertainty
      778 14 Bloomberg [LONDON] Political danger is looming for Britain, threatening to dim the allure of the fastest-growing Group of Seven economy. An election in less than 10 months could clear the way for Britain to leave the European Union (EU), its biggest trading partner, if David
      Bloomberg  -  778 words
    • Article
      Lock icon Tokyo bourse cuts tick sizes
      500 14 Bloomberg [TOKYO] Tokyo’s stock exchange will allow smaller price increments on shares of about 80 of Japan’s biggest companies starting yesterday as the bourse seeks to win back business from private trading venues. Topix 100 Index members with shares that cost between 1,000 yen (S$12)
      Bloomberg  -  500 words
    • Article
      Lock icon US businesses not spending on capital
      750 14 But it’s critical as manufacturing approaches capacity NYT [NEW YORK] Five years into the economic recovery, businesses are making record profits, cash hoards are strong and borrowing is exceptionally cheap. But companies aren’t ploughing much money into big-ticket investments for the future. Non-residential fixed
      NYT  -  750 words
    • Article
      Lock icon Barclays may close dark pool as volumes fall
      824 15 In 2 weeks till July 6, shares traded fell by 79%, with 2nd week drop most in 42 pools Bloomberg [LONDON] A drop in trading at the Barclays Plc dark pool being probed by US prosecutors is fuelling speculation that CEO Antony
      Bloomberg  -  824 words
    • Article, Illustration
      Lock icon Junk loans surge despite Fed’s attempts to quash excessive risk-taking
      894 15 Easy-money policies are raising demand for such products WP [WASHINGTON] One of the Federal Reserve’s first post-crisis tests of its ability to quash excessive risk-tak-ing using regulatory tools is so far looking like a failure. The Fed’s Board of Governors
      WP; PHOTO: REUTERS  -  894 words
    • Article, Illustration
      Lock icon ‘Casablanca’ piano to be sold at auction
      303 15 Reuters [NEW YORK] An iconic piano featured in Rick’s Cafe Americain in the 1942 Hollywood classic Casablanca is expected to be the highlight of a sale of film memorabilia in New York in November, Bonhams auction house said. The upright piano is one
      Reuters; PHOTO: AFP  -  303 words
    • Article
      Lock icon Fund managers on hunt for China millionaires
      811 16 Finance execs jump in as rich Chinese show interest in investor visas Bloomberg [SYDNEY] Call him the Chinese millionaire hunter. Berrick Wilson is one of at least 30 fund managers who have jumped into the business of luring China’s wealthy to Australia using
      Bloomberg  -  811 words
    • Article, Illustration
      Lock icon Yahoo paying more than US$300m for Flurry: sources
      470 16 Acquisition of startup key to Yahoo’s mobile strategy Bloomberg [SAN FRANCISCO] Yahoo! Inc is adding to its mobile line-up with the acquisition of analytics company Flurry Inc. Yahoo is paying more than US$300 million for the San Francis-co-based startup, according to people
      Bloomberg; PHOTO: AFP  -  470 words
    • Article
      Lock icon Riyadh to open stock market to foreigners
      767 16 US$530b bourse to welcome investment funds from next year Reuters [RIYADH] Saudi Arabia plans to open its stock market, the Arab world’s biggest, to direct investment by foreign financial institutions in the first half of next year, the market regulator said yesterday. The
      Reuters  -  767 words
    • Article, Illustration
      Lock icon Time Warner takes steps to fend off Fox
      461 16 Bloomb erg [NEW YORK] Time Warner Inc’s board took its first concrete step to fend off Rupert Murdoch’s unwanted takeover offer by eliminating a provision in its bylaws that let shareholders call special meetings. The amendment by Time Warner’s board removes a
      Bloomberg; PHOTO: AFP  -  461 words
    • Article
      Lock icon Jury still out on quantitative easing: RBA
      312 16 Reuters [SYDNEY] The jury is out on whether the exceptional monetary polices pursued worldwide have worked to stimulate activity in the real economy, rather than just encouraging risk-taking in financial markets, Australia’s central bank chief said yesterday. Reserve Bank of Australia (RBA) governor
      Reuters  -  312 words
    • Article
      Lock icon Thai king endorses junta’s new constitution
      376 16 AFP [BANGKOK] Thailand’s junta won approval from the king yesterday for an interim constitution mapping out year-long political reforms expected to curb the influence of fugitive ex-pre-mier Thaksin Shinawatra. It was the first time that the revered but ailing King Bhumibol Adulyadej, 86, has
      AFP  -  376 words
Page thumbnail Page 13
Page thumbnail Page 14
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      602 15 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2014 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the second quarter and half year
      602 words
Page thumbnail Page 16
Page thumbnail Page 17
  • Transport HUB
    • Article
      Lock icon Being ready when things go wrong
      816 17  -  Exercises like the recent Blue Dolphin are essential to ensure better survivability if disaster strikes a large passenger ship STRAIT TALK By DAVID HUGHES BOUT two weeks ago, the Maritime and Port Authority of Singapore (MPA) and other agencies rehearsed how to respond to
      816 words
    • Article, Illustration
      Lock icon South Korea police find body of ‘Sewol’ owner
      577 17 Yoo Byung-eun has been the target of a manhunt for months AFP [SEOUL] South Korean police said yesterday they had found the body of the fugitive business tycoon who headed the family operating the Sewol ferry which sank in April with the
      AFP; PHOTO: AFP  -  577 words
    • Article
      Lock icon Paris ready to cancel warship sale to Russia
      335 17 Bloomberg [PARIS] French President Francois Hollande said he’s prepared to cancel the sale of a second Mistral helicopter carrier ship to Russia if the European Union (EU) decides to expand its sanctions against Russia. The second ship, due in 2016, hasn’t yet
      Bloomberg  -  335 words
    • Article
      Lock icon French port welcomes Russians
      443 17 NYT [SAINT-NAZAIRE, France] The owner of Norway’s Café is keeping a bottle of vodka chilled in case she gets a visit from any of the 400 Russian sailors temporarily stationed here. The Chamber of Commerce has published a brochure for local shopkeepers with Russian phrases. Residents
      NYT  -  443 words
    • Article
      Lock icon TRANSPORT STOCKS
      242 17 SGX '000 Jul 22 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.29 unch 147 s$ Cwt Limited 1.72 unch 692 Vol First Ship Lea Chuan Hup Hldg.... Grand Banks 0.28 unch 115 Jaya Hold Ltd 0.08 unch *****1 K1Ventures 0.21 0.01 7418 Keppel Corp 10.89 0.01 889
      242 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon War-risk insurance market caught out
        803 18 Claims for incidents in past five months total an estimated US$600 million NYT [KUALA LUMPUR] Malaysia Airlines’ (MAS) two crashes in less than five months are sending tremors through the aviation insurance market not least because the carrier’s US$2.25 billion overall liability policy is mysteriously
        NYT; PHOTO: REUTERS  -  803 words
      • Article
        Lock icon Malaysia, Australia still seeking missing MH370
        682 18 NYT [KUALA LUMPUR] Two of the nations most affected by the loss of Malaysia Airlines’ Flight 17 in eastern Ukraine, Malaysia and Australia, are still actively involved in the search for another Malaysian airliner that disappeared more than four months ago, juggling two crash
        NYT  -  682 words
      • Article, Illustration
        Lock icon Asia airlines strive for return to mediocrity
        394 18 REUTERS BREAKINGVIEWS [HONG KONG] Airlines in South-east Asia are striving for a return to mediocrity. Tragedy and political upheaval provide a chance for Malaysia Airlines and Thai Airways to restructure deeper than before. The state shareholders of the two similarly sized loss-making national
        394 words
      • Article
        Lock icon More factors to consider in business travel
        780 18 Employers have duty of care to ensure safe working environment NYT [NEW YORK] On any given day, there are about 100,000 commercial airline flights, flying more than 50,000 routes, around a world where armed conflict is always occurring, somewhere. As companies send business
        NYT  -  780 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Parallel imports finding favour again
        385 19  -  They are becoming popular as COE premiums soften By SAMUEL EE samuelee@sph.com.sg PARALLEL imported cars are becoming popular again as COE premiums soften. In the first six months of 2014, the Toyota brand continued to power ahead among parallel imports (Pis). So far, the popular
        385 words
      • Article
        Lock icon Tesla reconfigures US plant to make more electric cars
        611 19 Bloomberg [LOS ANGELES] Tesla Motors Inc halted production at its California assembly plant for the first time as it adds robots to accelerate production of electric sedans and prepares to build its Model X sport-utility vehicle. Work to reconfigure the production
        Bloomberg  -  611 words
      • Article, Illustration
        Lock icon E-Class remains market darling
        366 19  -  And Mercedes-Benz stays the most popular brand in the reigning 10 with a total of four models By SAMUEL EE samuelee@sph.com.sg TOYOTA may be Singapore’s favourite make but a luxury car, the MercedesBenz E-Class, continues to be the Republic’s top model. In the first half of
        FILE PHOTO  -  366 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      19 17 klSS92 FM place one in songs great the All I > m IN THE MORNING -WEEKDAYS 6AM-10AM D facebook.com/kiss92fm www.kiss92.sg
      19 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      119 17 The Foundation of Career Success Productivityand Innovation Credit (PIC) Claimable 2014 JULY SERIES J U L 1 4 31THURSDAY SPH News Centre 9 30 am t o 6 00 p m Trainer Pamela Wigglesworth Lifecycle Marketing Create a Marketing Campaign to Build Relationships With Prospects What you will learn: Create
      119 words
Page thumbnail Page 18
  • Page 18 Advertisements
  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      302 18 CRYPTIC CROSSWORD Across 1 Flew, though frustrated (6) 5 Caught with dog trainer’s supplier (8) 9 Engineer reducing a rear part of plane (13) 10 Rolling Stone touring state is an unconventional type (8) 11 Where the road is always up? (6) 12 Fit in marathon on live! (6) 14
      302 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      32 19 SELLING YOUR CAR? POSTANAD ONSTCars.sg FORFREE! Doitvia www.stcars.sg/place-adnow! i i And browse over25,000new, used cars commercial and rental vehicles. Buy, sell or rent. At www.STCars.sg, your ideal car isn’t hard to find.
      32 words
Page thumbnail Page 20
  • EDITORIAL & OPINION
    • Article
      Lock icon Higher vehicle levies bad for both nations
      469 20 EDITORIAL THE Malaysian government’s plan to impose a levy on foreign-registered vehicles entering the state of Johor has understandably ruffled some feathers among Singaporean drivers. Singapore’s Ministry of Transport (MOT) has also expressed concern that the move was directed at Singaporean vehicles, given
      469 words
    • Article
      Lock icon No one really knows if Dodd-Frank will work
      843 20  -  THE BOTTOM LINE By JOE NOCERA NYT RALPH Nader has written a new book, titled Unstoppable: The Emerging Left-Right Alliance to Dismantle the Corporate State. If you spend any time looking into the current state of affairs with the Dodd-Frank Act Monday
      NYT  -  843 words
    • Article, Illustration
      Lock icon Asia Pac must do more to fight cyber attacks
      1245 20  -  Tapping the latest technology and collaborative efforts are the starting points By TIM CRANNY The writer is vice-president of information security and cyber defence at First Data Asia Pacific HE costs, volume, and sophistication of cyber attacks are growing exponentially, and
      PHOTO: BLOOMBERG  -  1,245 words
    • Article, Illustration
      Lock icon Long, hot summer ahead for Obama
      1151 21  - Long hot summer ahead for Obama Three major crises could prove to be game changers for Washington’s summer political season LEON HADAR Washington Correspondent THIS is the time in Washington when lawmakers and officials, including the US President, are getting ready for the summer recess that commences in early August
      PHOTO: REUTERS  -  1,151 words
    • Article, Illustration
      Lock icon Alibaba IPO is a bet on Jack Ma
      962 21  -  REUTERS BREAKINGVIEWS By JOHN FOLEY BUY a share in Alibaba, and you place your trust in Jack Ma. The Chinese e-commerce giant’s founder, executive chairman and spiritual sultan will remain a controlling force even after the company completes its massive initial public
      PHOTO: BLOOMBERG  -  962 words
    • Article
      Lock icon European Union and Asean are natural partners
      1036 21  -  By MICHAEL PULCH The writer is the European Union ambassador to Singapore TODAY, foreign ministers from 28 European Union and 10 Asean member states will gather in Brussels to discuss how the EU-Asean partnership can best improve cooperation. In the last decade, Singapore
      1,036 words
Page thumbnail Page 21
Page thumbnail Page 22
  • Article
    Lock icon SHIPPING TIMES
    2119 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    2,119 words
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      55 22 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times PLACE YOUR AD HERE r 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?
      55 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      92 23 Shipping lines seeking reiabe Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT *****327 Highlight Your Company Anniversary Come publicise your Company Anniversary, Corporate Developments, Corporate Image, Award Certifications, Ship Christenings Delivery of Newbuilds, Projection Completion and Vessel Conversion Refurbishment.
      92 words
Page thumbnail Page 24
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4238 24 Transaction date: Jul 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.3 10.4 8Telecom Vol Day Last Quote --AAT Net M Cap 13.7 6.7 AIMS Property 12.8 -0.1 100 12.9 12.8
      4,238 words
    • Article
      Lock icon SGX CATALIST
      388 25 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 Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller Cvr P/E Smil 33.5
      388 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10515 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Aberdeen Asset Mgt Asia Limited 1 57/ APS Alpha Fund (USD)' 1.27/ Aberdeen Asset Mat Asia Limited fc er 1.0038/ Asian Loca China Opportunities USD!** -os!" Global Emerging Markets USD *****/ Global Opportunities
      10,515 words
    • Article
      Lock icon GLOBALQUOTE
      232 25 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 Low Company 343 224 TanChongInt HK320 321 328 9.7 3.3 3.1 6444.5 DISCLAIMER: All information is published “as is” without warranty of any kind and for information
      232 words
    • Article
      Lock icon SGX ETF
      1124 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF 116 +0.2 17 116 115.8 115.1 116 529.5 135.5 119 CIMB APAC Div 100S$D 132.4 131.9 133 108.9 94 CIMB
      1,124 words
Page thumbnail Page 25
Page thumbnail Page 26
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      667 26 Jul 22 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.42 *****.02 *****.93 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****2 Dec14 *****.00 0 ***** MSCI TAIWAN INDEX FUTURES SPOT 341.65 343.66 340.27 Jul14 340.20 343.20 339.50 342.80 ***** *****5 Aug14 337.80 340.70 337.20 340.30
      667 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Jul 21 Index Change Change Change Change Change Change World Preliminary 1235.3 -0.4 4.3 -0.4 2.8 -0.4 4.6 EAFE Preliminary 963.2 -0.3 0.7 -0.3 -0.2 -0.3 1.6 Europe Preliminary 1375.9 -0.5 1.6
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Jul 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.009 5.825 0.695 7.277 56.543 108.707 0.953 9.620 2.983 1.083 92.753 40.751 1.165 9.972 0.845 28.170 29.918 0.550 0.939 Canada 0.991 5.774
      471 words
    • Article
      Lock icon SIBOR
      39 26 Jul 22 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths 6 mths Source: Thomson Reuters
      39 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      80 26 Jul 22 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-16 101.22 5-Year NX*****W 2.5 01-Jun-19 106.43 10-Year NX*****H 2.750 01-Jul-23 104.03 104.20 104.20 15-Year
      80 words
    • Article
      Lock icon PRECIOUS METALS
      122 26 Jul 22 GOLD(US$/oz) Jul 22 Jul 21 Hong Kong 1308.00 1317.00 Jul 21 Jul 18 London 1312.78 1307.25 1313.56 1308.05 Source: Thomson Reuters CAST BAR Jul 22 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 50 5gm 312 258 10gm 581 518
      122 words
    • Article
      Lock icon PALM OIL
      60 26 Jul 22 Jul KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2370.0 2365.0 2375.0 2356.0 1015 5799 Sep 14 2321.0 2312.0 2321.0 2305.0 3444 ***** Oct 14 2290.0 2279.0 2293.0 2272.0 ***** ***** Nov 14 2290.0
      60 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Jul 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1648 1.1656 0.9386 0.9389 Canadian dollar 1.1546 1.1557 0.9309 0.9304 Euro 1.6756 1.6763 1.3502 1.3503 NZ dollar 1.0751 1.0762 0.8663 0.8669 Sterling pound 2.1180 2.1192 1.7067 1.7071
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 26 Jul 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1175.75 1176.75 1185.00 1166.00 Sep 14 1091.50 1104.25 1099.50 1087.25 Nov 14 1071.50 1085.25 1080.00 1065.50 Jan 15 1079.75 1093.50 1087.50 1073.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14
      109 words
    • Article
      Lock icon LIFFE
      95 26 Jul 21 COCOA (£/tonne) Close Prev High Low Sep 14 1948 1930 1951 1922 Dec 14 1920 1906 1923 1897 Mar 15 1903 1891 1906 1884 May 15 1892 1880 1895 1871 COFFEE(US$/tonne) Close Prev High Low Jul 14 2025 2005 2032 2030 Sep 14 2015 2001 2029 2000
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      947 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.6 0.3 1 -57 3.88 48 Asia-Pacific Strategic W*****6 3.7 unch 994 1 2 58 Acma Ltd W*****7 Exer Price Asiatic Grp(Hldgs) Ltd W*****5 Disc Asiatravel.com HoldingsW*****5 6
      947 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Jul 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.04 -0.88 WTI (Near Mth) 104.91 1.86 Dubai (1-Mth F) 104.40 -0.56 Tapis blend 109.55 -1.08 Minas 105.15 -1.08 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.39 -0.17 Jet Kerosene 117.40 -0.80 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      24 26 Jul 22 S$ Bid Offer 1-month 1.2410 1.2414 2-months 1.2410 1.2414 3-months 1.2409 1.2414 6-months 1.2408 1.2412 Source: OCBC Source: OCBC
      24 words
    • Article
      Lock icon LONDON METALS
      65 26 Jul-21 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2003.25 1964.50 3 months 2020.00 1981.00 Copper, Grade A(US$/tonne) Cash 7029.75 6987.00 3 months 7025.00 6985.00 Lead(US$/tonne) Cash 2184.50 2164.25 3 months 2203.00 2187.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
      65 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Jul 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.188 1.132 Can dollar 1.175 1.130 Euro 1.715 1.634 Sterling pound 2.156 2.074 NZ dollar 1.101 1.059 US dollar 1.264 1.204 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      158 26 Jul 22 $S Offer Bid 0vernight 0.02 par 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.03 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
      158 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      319 27 mm Bis ft EE P 3E 3s;.’ Ss: PE mm f A •$R= tSs:. ‘‘S”;:: gs;; S3:;.’ rfegs::: gf?:-;-: jSRSJih:-.' nit! 'in, R III > 5 ■•■■■ni mft v II s<—^ .-IB 1 1 r*—. I -II 9 r- 19 •IE! •ft •III. «R SEMINAR TOPICS SPEAKERS Private Residential Market
      319 words
Page thumbnail Page 28
  • executive Money
    • Article, Illustration
      Lock icon Hard to beat the market all the time
      1099 28  -  Study has found that only two out of 2,862 funds achieved top-quartile performance for five successive years, reports JEFF SOMMER NYT [NEW YORK] HEN the stock market rose 30 per cent in 2013, plenty of fund managers had a triumphant year. Almost
      NYT; PHOTO: AFP  -  1,099 words
    • Article
      Lock icon Financiers look to the fields for their latest offering
      711 28 NYT [NEW YORK] His boots were caked with mud when Thomas ST Gimbel, a longtime hedge fund executive, slipped in a strawberry patch. It was the plumpness of a strawberry that had distracted him. Mr Gimbel, who once headed the hedge
      NYT  -  711 words
    • Article, Illustration
      Lock icon Myths and realities of hedge funds
      1136 27  -  Understand the strategy and appreciate the risks of your investment because there are always trade-offs to consider MONEY MATTERS By MICHAEL LEVIN, DAVID GOAD Michael Levin is director and head, Alternatives, Private Banking Asia Pacific, while David Goad is director, Client Impact Asia Pacific,
      Source: Credit Suisse and Bloomberg  -  1,136 words
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      244 28 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
      244 words
Page thumbnail Page 1
  • Who's who in private banking
    • Article, Illustration
      Lock icon Asia shining
      1279 1  -  By Siow Li Sen T HE first half of the year has been a busy one for Singapore’s private bankers. The industry continues to expand in Asia, which remains the fastest growing region for global private banks even as some of the economies in the region are slowing.
      PHOTO: FREEIMAGES  -  1,279 words
    • Article, Illustration
      Lock icon A tailored investment mandate
      990 2  -  The benefits of a professionally managed portfolio are gradually being recognised by Asian clients. ByJACQUELINE JACQUELINE KOO The writer is head of Asian discretionary portfolio management at ABN AMRO Bank NV WHILE discretionary portfolio management (DPM) is a product used extensively by private banking clients in
      Source: MSCI, ABN AMRO; Source: ABN AMRO  -  990 words
    • Article, Illustration
      Lock icon Acceleration of global growth may drive equities to new heights
      853 2  -  B)’ FAN CHEUK WAN The writer is chief investment officer Asia-Pacific, Credit Suisse Private Banking and Wealth Management The five-year equity rally is entering a mature phase After five years of recovery from the financial tsunami, the global equity rally
      853 words
    • Article, Illustration
      Lock icon Passion investing
      797 2  -  By MOHAMMAD KAMAL SYED The writer is head of services, Coutts A 1966 Ferrari 275 GTB/C sold for 5.7 million euros (S$9.57 million) at an auction in Monaco in May 2014, setting a new record for that model of car. Only a few weeks earlier, another 1960s Ferrari
      797 words
    • Article, Illustration
      Lock icon Emerging market bonds may yield solid returns
      1127 3  -  Rally in US rates and significant spread tightening propel EM corporate bonds to an outstanding year. By todd schubert By TODD SCHUBERT The writer is head of fixed income research, Bank of Singapore AS 2013 came to a close, the likelihood of rising
      Source: JP Morgan, BAML, Bloomberg; Source: IMF  -  1,127 words
    • Article, Illustration
      Lock icon The pitfalls of going it alone
      815 3  -  By SEAN COCHRAN The writer is head of investment management mandate specialists APAC, UBS Wealth Management RATHER than delegate to professional investment managers, some investors prefer to invest directly on their own. Of course, this can be a successful strategy, but be sure to
      815 words
    • Article, Illustration
      Lock icon Asia’s affluent may go for long-term investing as markets mature
      881 3  -  By ALEXIS CALLA The writer is chief investment officer, Standard Chartered Bank FOR generations, wealthy Asians built their capital by singularly focusing on their own businesses. Almost instinctively, the first-generation entrepreneur re-in-vested in his own thriving business because it provided
      881 words
    • Article, Illustration
      Lock icon When is a good time to plan?
      1088 4  -  Planning is good. But the fundamental question that should be asked is: What is my wealth for? BY PETER TRIGGS The writer is head of international clients and wealth structuring at DBS Private Bank. SOME observers of wealth and its associated behaviours will
      PHOTO: FREE IMAGES  -  1,088 words
    • Article, Illustration
      Lock icon S’pore: An investors’ gateway to Asean opportunities
      961 4  -  By ALVIN LEE The writer is managing director, Maybank Private Wealth THE economic rise of Asia has been much noted and discussed, but within Asia is the gem that is the Association of South-east Asian Nations (Asean), of which many up-and-com-ing economies are
      961 words
    • Article, Illustration
      Lock icon Private equity emerges as an ‘alternative’ asset class
      778 4  -  By MATHIEU PERFETTI The writer is head of private equity Asia, Crédit Agricole Private Banking Singapore WELL-KNOWN Singapore-based companies such as Crystal Jade, Goodpack, Orange Valley and TES-Enviro-corp are essentially different, either in terms of size, products or industries. But they share
      778 words
    • Article, Illustration
      Lock icon Reaping the benefits of normalisation
      778 5  -  The IMF sees synchronised global recovery with positive GDP growth expected this year. BY MOZ AFZAL The writer is global chief investment officer, EFG Asset Management AFTER seven years of consecutive economic crises, we are starting to see a return to normalisation in the global
      PHOTO: FREE IMAGES  -  778 words
    • Article, Illustration
      Lock icon Credit outlook in Asia
      744 5  -  By HENRY WONG The writer is head of Asian fixed income, Asia-Pacific, Deutsche Asset Wealth Management SINCE April last year, investors have been worrying that: a) the United States’ tapering may trigger higher interest rates globally which may then push down asset prices sharply; and b)
      744 words
    • Article, Illustration
      Lock icon Evolution of structured products and derivatives
      676 5  -  By SEBASTIEN DUPUY The writer is regional head, structured products and derivatives solutions at Societe Generale Private Banking, Asia STRUCTURED products and the use of derivatives took off in the wealth management industry from the beginning of 2000. It was first introduced to the
      676 words
    • Article, Illustration
      Lock icon Core principles of trust and service stay despite winds of change
      705 5  -  By ROB IOANNOU The writer is co-head, HSBC Global Private Bank, South-east Asia. HISTORY does have a habit of repeating itself and it is an interesting phenomenon that Asian development is driving private banking back to its roots in
      705 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      187 1 LIST OF BANKS ABN AMRO Bank NV Private Banking Page 6 Bank Julius Baer Co Ltd Page 7 Bank of Singapore Ltd International Private Bank Page 8 BNP Paribas Wealth Management Page 9 Citi Private Bank Page 10 Coutts Co Ltd Page 11 Credit Agricole (Suisse) SA Private Banking Page
      187 words
Page thumbnail Page 2
Page thumbnail Page 3
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      1033 6 M. As part of good family governance planning, ABN AMRO seeks to arm the next generation with a better understanding of the issues related to transfer of wealth and the succession of family businesses. Hugues Delcourt CEO, Private Banking Asia Middle East ABN AMRO Hugues Delcourt, chief executive of ABN
      1,033 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      1001 7 Julius Bar BRINGING PORTFOLIO PERFORMANCE TO THE NEXT LEVEL In its pursuit for client performance over the long term, Swiss private bank Julius Baer is ensuring it stays ahead. The bank will be implementing a new system to optimise the way assets are allocated across all its client portfolios, said
      1,001 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      848 8 The model of private banking in Asia is changing and it will only get tougher to survive. It's hard to tell who will still be standing ten years from now. What I am certain about is that Bank of Singapore will definitely be around. Renato de Guzman CEO, Bank of
      848 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      897 9 BNP Paribas Wealth Management: Rooted in Asia, Serving Asia Q: What are some of BNP Paribas' strengths as a bank? A: BNP Paribas, the parent company of BNP Paribas Wealth Management, is one of the best capitalised global banks in the world with a Basel III CET1 ratio of 10.6%
      897 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      321 10 > I j y*: EtL mi I. k ■w > '^V .-T j, t n *rl I ■*£L> C SCS* SvV n3 V a A* teg#? ./r* v *_V 1 Al Private Bank -Vi* >»o. ?££L*; -V^ v'.ic V.y •’.*>./a:" -t.A 9 A vV.^«S*', Your Wealth Can Do More Than
      321 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      819 11 An unrivalled tailored service Bankers to captains of industry and distinguished individuals for over 320 years, Coutts first set up in Singapore some 20 years ago. However, its links to the city-state go back far longer. Since the 1800s, Coutts had banked individuals who had left their mark on Singapore's
      819 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      584 12 srt CREDIT F 3Ar•!» h 1 mfa/M f Hans Diederen Head of Asia Region Credit Agricole Private Banking Our bank is characterised by a culturally diverse team with a strong entrepreneurial spirit and committed to deliver a personalised service to each client. The Credit Agricole Group's presence in Singapore dates
      584 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      1083 13 Our involvement across the clients' personal wealth and in the financing of their businesses from the start is crucial in cementing stronger and deeper relationships with our clients over the long term. Francesco de Ferrari Head of Private Banking Asia Pacific Credit Suisse According to Credit Suisse's Asian Family Businesses
      1,083 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      648 14 c w, j M^ Ia*' t/itof' w\ -fta cvrtV^S Olivier Crespin Chief Operating Officer Consumer Banking Wealth Management and Head of Digital Bank, DBS Bank N Wealth management is a cornerstone of DBS Bank and over the years, the bank has developed strong relationships and trust with its clients. In
      648 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      807 15 One team, one global platform, one goal Deutsche Asset Wealth Management's service has been designed with one objective in mind: to create lasting value for clients. it Ravi Raju, Head of Asset Wealth Management, Asia Pacific Wealthy clients want a partner with deep knowledge across all asset classes and the
      807 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      887 16 EFG Growing from strength to strength EFG Bank Singapore is successfully adding client relationship officers (CROs) and extending client coverage beyond Southeast Asia, said CEO for Southeast Asia, Mr Kong Eng Huat I continue to be in discussion with many senior private bankers keen to join us. We are attracting
      887 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      1313 17 Helping family wealth thrive for generations With Asia as a priority growth region, HSBC Private Bank recently announced an organisational structure which merged two separate booking centres in North and South Asia as a single region for strategic alignment. HSBC Private Bank Southeast Asia is now co-headed by Rob loannou
      1,313 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      873 18 u The current low interest rate environment has seen an increased focus on credit, and clients are leveraging to make their capital work harder. Our strength as an Asian Bank will give the bank and clients more flexibility in financing options. 55 Alvin Lee Head, Regional Private Wealth s zf
      873 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      676 19 Blazing ahead amid continuity Societe Generale Private Banking Asia has built up its business from scratch over the last 17 years and has grown into an entrepreneurial and nimble organization. It has an established franchise with leadership in structured products and wealth planning. Looking ahead, the spirit of the organization
      676 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      1079 20 Bringing the entire bank to entrepreneurs The only truly universal bank in Asia, Africa and the Middle East with a heritage going back more than 150 years. Standard Chartered Private Bank offers business owners compelling value across the business life cycle An expansive geographic footprint, a strong balance sheet with
      1,079 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      615 21 #UOB PRIVATE BANK a h m i" p »rt' M I it f I III III B is min-u CI S B i OUI 111 E b a i.o iii II 7 Bll T« a* iii 5»i fill m r H. Si 4 Ip n: We believe wealth management should
      615 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      1065 22 UBS Family Office Summit draws record attendance. Flagship event underscores strong growth in the region and demand for bespoke Family Office services Given the growing importance of the family office in the wealth management industry over the past few years, it was timely that UBS held its third Family Office
      1,065 words