The Business Times, 26 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: 40
1 16 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JULY 26-27, 2014 S$1.00 MCI (P) 086/08/2013 SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article
    Lock icon IFRS 9 finally takes shape
    26 1 ACCOUNTING IT seeks to address the weaknesses in the current standard blamed for plunging banks into the global financial crisis. 2
    26 words
  • Article
    Lock icon Q2 home prices slide at slower clip
    31 1 PROPERTY PRICES of private homes and HDB resale flats have continued to soften in the second quarter amid a pick-up in transaction volumes. 3
    31 words
  • Article
    Lock icon China, India may skip middle-man
    36 1 DIPLOMACY BILATERAL ties between India and China have reached a stage where Singapore or any other country may not be called upon to play the role of an ‘honest broker’. 5
    36 words
  • Article
    Lock icon CDLHT Q2 distribution falls 8.1%
    39 1 CORPORATE HEATED competition in the hotel industry and a slowdown in visitor arrivals have weighed on CDL Hospitality Trusts, with second-quarter distribution per stapled security falling 8.1 per cent to 2.5 Singapore cents. 10
    39 words
  • Article
    Lock icon Manufacturing output back on growth path
    658 1  -  June data seen leading to an upgrade in official estimates for Q2 GDP growth By Chuang Peck Ming peckming@sph.com.sg Singapore FACTORY output staged a turnaround last month from May’s negative performance, albeit expanding by just 0.4 per cent. But the latest manufacturing numbers may
    658 words
  • Article, Illustration
    Lock icon Office rents up 5.2% so far; further surge expected this year
    894 1  -  Retail space a more subdued picture as landlords turn cautious about raising rents By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore WHILE retail rentals have proved fairly flat so far this year, office rentals have been on a roll. They have
    Source: URA  -  894 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon IFRS 9 ready now with final piece in place
      838 2  -  Banks and insurers expected to be most affected by new international standard in financial instrument accounting By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore THE fourth and final piece of a financial reporting standard six years in the making has finally been put
      PHOTO: AFP  -  838 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 3,350.17 (-3.72) HSTI FUTURES 3,349.00 (-4.00) HSIMSCI 383.12 (-0.21) HSIMSCI FUTURES 382.80 (-0.50) Friday Change KL COMP 1,877.34 +0.29 NIKKEI 225 15,457.87 +173.45 HANG SENG 24,216.01 +74.51 SET 1,543.85 -0.07 JAKARTA 5,088.80 -9.84 MANILA 6,889.55 -0.34 KOSPI 2,033.85 +7.23 SHENZHEN B 911.90 +9.46 MUMBAI IND 26,126.75 -145.10 11am
        58 words
      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.214 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
        29 words
      • Article
        Lock icon FOREX
        50 2 US5 SI US$ (S$ per US$) 1.242 (USS/SS per 1.697 2.107 EURO (US$/S$/€) 1.345 1.670 Foreign currency per US? 5$ YEN 101.90 82.10 RM 3,176 2.558 HK$ 7.750 6,242 BAHT 31.86 25.66 RUPIAH 1 1,557 9,308 RENMINBI 6.191 4.986 INDIAN RUPEE 60.08 48.39 A$ 1.063 0.856 NZ$ 1.169 0.942
        50 words
    • Article
      Lock icon Q2 home prices slide further, but at slower clip
      929 3  -  URA private home index down 1%; HDB resale index retreats 1.4% By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore PRICES of private homes and HDB resale flats have continued to soften in the second quarter amid a pick-up in transaction volumes. But even
      929 words
    • Article, Illustration
      Lock icon BOJ urged to continue with monetary easing
      704 4  -  Minister warns surge in bond yields can affect govt finances after June inflation hits 1.3% after adjusting for tax rise By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S Cabinet Office yesterday urged the Bank of Japan to continue its aggressive monetary easing tactics a day
      PHOTO: REUTERS  -  704 words
    • Article, Illustration
      Lock icon Judges get first taste of 120 wines submitted for BT Wine Challenge
      442 4  -  By Cheryl Tan tansyc@sph.com.sg Singapore WINE-TASTING season is open. The panel of judges in the first leg of this year’s The Business Times Wine Challenge, held in partnership with UBS, have their work cut out for them, with
      442 words
    • Article, Illustration
      Lock icon China, India may no longer need middle-man: India official
      518 5  -  But Singapore will remain a foreign policy priority for New Delhi By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore BILATERAL ties between India and China have reached a stage where Singapore or any other country may not be called upon to play the
      PHOTO: BLOOMBERG  -  518 words
    • Article, Illustration
      Lock icon SingTel AGM: chairman’s fee bump draws some objections
      660 6  -  Still, telco’s proposal to double his fee to S$960,000 passed with overwhelming majority By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore SOME SingTel shareholders found it hard to swallow a fee bump for Simon Israel, the telco’s chairman, during the firm’s annual general meeting
      660 words
    • Article, Illustration
      Lock icon 2014 may become deadliest year for airlines in a decade
      700 6 Bloomberg London THREE fatal airline crashes in a week mean 2014 is shaping up to become the worst year in almost a decade for passenger fatalities. The disappearance of a McDonnell Douglas MD-83 aircraft on the fringes of the Sahara
      Bloomberg; PHOTO: AFP  -  700 words
    • Article, Illustration
      Lock icon Fancy a pair of boots signed by Beckham?
      786 7  -  They are among 22 celebrity items up for grabs in an auction organised by MBS as part of its ‘Sands for Singapore’ Festival By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THERE are just six days left to get your hands on a pair
      786 words
    • Article
      Lock icon Aston Martin introduces limited edition Lagonda
      265 7 Bloomberg Frankfurt ASTON Martin Lagonda Ltd, the British maker of cars featured in James Bond movies, will introduce a limited-edition, high-end sedan in 2015 designed solely for customers in the Middle East. The bespoke car will revive the Lagonda nameplate, taking design cues from
      Bloomberg  -  265 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      50 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-14 S’pore Markets 12 Singapore 15-16 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Cover Story L2-4 Design L5 Dining L6-7 Destination Dining L8-9 Style L10-11 Golf L12-13 Motoring L14-15 Health L16 Real Estate 31
      50 words
Page thumbnail Page 3
Page thumbnail Page 4
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      245 5 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
      245 words
Page thumbnail Page 6
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      211 7 The Business Times NOTICES A special resolution to wind up CODE 4 PRIVATE LIMITED (Reg.No.*****2130M) voluntarily was passed on 17 July 2014; and Qu Lu Feng of ACF Consultants was appointed as liquidator. NOTICE This is to inform that Tan Keng Lek William, NRIC No. SXXXX823I is no longer in
      211 words
Page thumbnail Page 8 / 9
  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Picture perfect luxury
      2041 8 / 9  -  Alfred Schopf, CEO of Leica Camera, is not afraid of predictions of doom and gloom for the full size digital camera. By Chuang Peck Ming By Chuang Peck Ming peckming@sph.com.sg CAMERAS are ubiquitous these days. All smartphones have them. And just about everyone has a smartphone. When
      PHOTO: ARTHUR LEE  -  2,041 words
Page thumbnail Page 10
  • COMPANIES
    • Article
      Lock icon CDLHT Q2 distribution falls 8.1%
      565 10  -  Earnings hit by decline in tourists arrivals and increasing competition in hospitality sector By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore HEATED competition in the hotel industry and a slowdown in visitor arrivals in Singapore, especially from China, dragged the earnings of CDL Hospitality Trusts (CDLHT), with
      565 words
    • Article
      Lock icon Fortune Reit’s first-half DPU rises 16%
      291 10  -  By Carine Lee carinel@sph.com.sg @CarineLeeBT Singapore FORTUNE Real Estate Investment Trust (Fortune Reit) yesterday posted distribution per unit (DPU) of 20.88 HK cents for the fiscal half-year ended June 30. The DPU, which was 16 per cent higher, represents an annualised distribution yield of
      291 words
    • Article, Illustration
      Lock icon Higher palm prices boost IndoAgri’s Q2 profit
      439 10  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore HIGHER prices for palm products gave a boost to Indofood Agri in the second quarter, as its net profit more than tripled. For the three months ended June 30, its profit attributable to shareholders rose to 224
      PHOTO: BLOOMBERG  -  439 words
    • Article, Illustration
      Lock icon STI ends sweet week on sour note
      599 12  -  STOCKS Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent THE Singapore market’s eight-day rise came to an end yesterday as traders took profit in counters like UOB, DBS and Singel. he Straits Times Index (STI) closed down 3.72 points at 3,350.17, after a fresh one-year high
      599 words
    • Article, Illustration
      Lock icon AIA Singapore posts strong H1 results
      485 12  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore AIA Singapore has posted strong results for the six months ended May 31, driven by sales of savings products for retirement needs. The insurer said yesterday that annualised new premium sales of savings hit US$214 million, 46
      485 words
    • Article
      Lock icon TOP 20 ACTIVES
      261 12 VOL CLOSE A l l i ance Minera l 128 V958 36 .5 0 .0 0 .0 Memstar Tech 91 0.0 138 1 .7 0 .1 5 .6 Xpress 55 Xpress 991 1 .7 0 .2 1 0 .5 Spackman 46 46,753 753 50 .5 1 .0
      261 words
    • Article
      Lock icon STI STOCKS
      121 12 Stock name Close Change Ascendas Reit 2350 Capita Land 40.020 CapicaMall Trust 2000 40.005 GfvDew 10.540 -aoso ComfottDelGro 2.620 +0.020 DBS Grp 18.050 -0.010 Gentmg Sing 1.536 Global Logistic 2 760 Golden Agri-Res 1X545 -0005 HPH Trust USD 0.745 HonghongLand USD 6,770 -0.060 JMH 400 USD 59.340 -0.660
      121 words
    • Article
      Lock icon TOP GAINERS
      65 12 BY CENTS CLOSE UP IS S&P500 ***** 281.8 1.2 DBXT STGLDv100 10US$ 3377 47.2 1.1 DBXT MSJAP 10US$ 4808 44.7 0.8 DBXT AUD Bonds 5AU$ ***** 33.9 0.1 DBXT iBoxxKR 5US$ ***** 33.5 0.2 DBXT MSEurope 10US$ 6269 23.6 0.3 DBXT MSKorea 10US$ 6534 22.4 0.3 Lyxor AsiaCS
      65 words
    • Article
      Lock icon TOP LOSERS
      61 12 BY CENTS CLOSEDOWN DBXT AUDCS 5US$ ***** -125.4 -0.5 DBXT iBoxxSvEu 5US$ ***** -100.6 -0.3 DBXT Nifty 10US$ ***** -93.1 -0.6 JMH 400 USD 5934 -81.9 -1.1 SPDR DJIA 10US$ ***** -62.1 -0.3 DBXT EONIA 5US$ ***** -59.6 -0.3 UOB.ES.1407 2356 -57.0 -2.4 GLD 10US$ ***** -53.4 -0.3
      61 words
    • Article
      Lock icon GMG Global’s Q2 hit by lower rubber prices
      419 13  -  Average selling price for each tonne of natural rubber has dropped 31% By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore NATURAL rubber producer GMG Global slipped into the red in the second quarter, as weakness in the rubber price hit both its revenue and
      419 words
    • Article
      Lock icon Singapore Windsor has new president and CEO
      127 13  -  By Amanda Eber aeber@sph.com.sg Singapore MAINBOARD-LISTED Singapore Windsor Holdings announced yesterday the appointment of Mark Bedingham as its new president and chief executive officer. Mr Bedingham who was previously at Jardine Matheson, Moet Hennessy and DFS will use his experience with consumer retail
      127 words
    • Article
      Lock icon HPH Trust posts 12.4% drop in Q2 profit
      401 14  -  Port operator declares DPU of 18.7 HK cents for first half of this year By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore DRAGGED by higher operating expenses, Hutchison Port Holdings Trust (HPH Trust) reported a 12.4 per cent drop in net profit to HK$368.4
      401 words
    • Article
      Lock icon China Minzhong Q4 profit falls 22.6%; group stays upbeat
      396 14  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore CHINA Minzhong Food Corp’s fourth quarter net profit fell 22.6 per cent year on year to 125.9 million yuan (S$25.2 million) as revenue dropped 18.2 per cent to 663.6 million yuan. For the full year
      396 words
    • Article
      Lock icon One-off items boost Yoma Q1 profit
      419 14  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MYANMAR play Yoma Strategic Holdings has posted a net profit of S$1.44 million for its first quarter ended June 30, a more than threefold increase over S$420,000 a year ago. Its bottom line was boosted by a couple
      419 words
    • Article
      Lock icon Mapletree China commercial trust posts 11.9% Q2 DPU growth
      215 14  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MAPLETREE Greater China Commercial Trust (MGCCT) has posted an 11.9 per cent year-on-year growth in distribution per unit (DPU) to 1.56 Singapore cents for the second quarter ended June 30 with strong rentals for its
      215 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      610 11 1 fmsma TERRATECH GROUP TERRATECH GROUP LIMITED (Company Registration No.: CT-*****5) (Incorporated in the Cayman Islands on 15 March 2013) Placement of 108,700,000 Placement Shares comprising 43,500,000 New Shares and 65,200,000 Vendor Shares at S$0.23 for each Placement Share, payable in full on application All capitalised terms used in this
      610 words
Page thumbnail Page 12
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      550 13 (a business trust constituted on 25 February 2011 under the laws of the Republic of Singapore and managed by Hutchison Port Holdings Management Pte. Limited) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Hutchison Port Holdings Trust (“HPH
      550 words
Page thumbnail Page 14
Page thumbnail Page 15
  • SINGAPORE
    • Article
      Lock icon New chiefs at national eye & dental centres from Aug 1
      295 15  - New chiefs at national eye dental centres from Aug 1 By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT WONG Tien Yin, deputy medical director of the Singapore National Eye Centre (SNEC), will step up to head the centre from next Friday, SingHealth said yesterday. He replaces current medical director Donald Tan, who has
      295 words
    • Article, Illustration
      Lock icon Seletar Mall more than 90% leased
      444 15  -  Set to open in Nov, it will house Shaw Theatres, FairPrice Finest, Uniqlo, BHG By Cheryl Tan tansyc@sph.com.sg THE Seletar Mall, due to open in mid-November, has secured tenants for more than 90 per cent of its space, it was revealed at its topping
      PHOTO: CHEW SENG KIM/THE STRAITS TIMES  -  444 words
    • Article
      Lock icon Final Thomson Line civil contracts awarded
      347 15  -  The line is on track to open in phases from 2019 to 2021 By Mindy Tan tanmindy@sph.com.sg @MindyTanBT THREE major civil contracts for the Thomson Line Orchard, Marina South and Gardens by the Bay stations valued at S$1.32 billion were awarded yesterday. With this,
      347 words
    • Article, Illustration
      Lock icon OCBC opens SME branch in Bukit Batok
      223 16  -  By Cai Yong caiyong@sph.com.sg OCBC Bank moved closer to local small and medi-um-sized enterprises (SMEs), with the opening of a new business banking centre (BBC) in Bukit Batok on Thursday. The new centre grants OCBC greater presence in the west of Singapore. Of
      223 words
    • Briefing
      • Article
        Lock icon ASME and SASS sign MOU
        76 16 THE Association of Small and Medium Enterprises (ASME) has signed a memorandum of understanding with the Singapore Association of Ship Suppliers (SASS). Under the terms of the MOU, ASME will extend affiliated memberships to members of the SASS, enabling both associations to extend their networking
        76 words
      • Article
        Lock icon JTC awards tenders for two Tuas industrial sites
        120 16 JTC Corp has awarded the tender for a 30-year-lease-hold industrial site at Tuas Ave 11 to Soon Hock Realty Pte Ltd, which submitted the highest bid of S$14.388 million for the 8,922 square metre plot. Another site at Tuas South St 11
        120 words
      • Article
        Lock icon ABS and MPA tie up on maritime research
        79 16 ABS, a provider of global marine and offshore classification services, and the Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding to promote maritime research and development and innovation. Over the next five years, ABS and MPA will collaborate
        79 words
    • Article
      Lock icon 5 teams get S$14m for solar energy R&D projects
      289 16  -  Their work could lower the cost of solar energy production By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT FIVE local solar energy research teams have been awarded close to S$14 million in research grants for having shown ways to improve the manufacturing processes of
      289 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      79 16 H 0 T PROPERTY FOREIGNERS CAN mm Rare landed 2-stv qq UY townhse (zoned rn yr ial/Plot ratio 3 nn C a merc Patio/ Oui et/%,?'™"/ $808 psf' e/ 5I.95M/ CHIJ/amenities!698u^its Ca il me to view showsuites DuJI AN key.’ 3+ N ic e 324 S( ft N 5 fUture
      79 words
Page thumbnail Page 17
  • WORLD
    • Article, Illustration
      Lock icon Jokowi’s options for finance chief show Indonesia University’s clout
      764 17 Final choice ‘will be a balance between professionals and political pressures’: adviser Bloomberg Reuters Jakarta INDONESIAN President-elect Joko Widodo’s options for finance minister include a group dominated by alumni from the University of Indonesia, whose graduates have helped shape the nation’s
      Bloomberg; Reuters; PHOTO: REUTERS  -  764 words
    • Article
      Lock icon Prabowo files legal challenge to election result
      528 17 Bloomberg AFP Jakarta PRABOWO Subianto, the former general who has refused to concede defeat in Indonesia’s presidential contest, mounted a legal challenge to the result yesterday, alleging the counting of votes was mishandled. “We have filed a legal challenge. We submitted evidence of
      Bloomberg; AFP  -  528 words
    • Article, Illustration
      Lock icon BSkyB to buy Murdoch assets in Europe for £4.9b
      530 18 It banks on European pay TV to counter slowing growth in Britain Reuters London BRITAIN’S BSkyB has agreed to pay £4.9 billion (S$10 billion) in cash to buy Rupert Murdoch’s pay-TV assets in Germany and Italy, responding to slowing growth at
      Reuters; PHOTO: REUTERS  -  530 words
    • Article, Illustration
      Lock icon Amazon’s Q2 loss sends shares tumbling 10%
      537 18 Bloomberg San Francisco JEFF Bezos is testing the patience of investors after Amazon.com Inc missed analysts’ estimates for a second straight quarter, sending shares tumbling 10 per cent. The world’s largest online retailer on Thursday reported a second-quar-ter loss of US$126 million, more
      Bloomberg; PHOTO: AFP  -  537 words
    • Article
      Lock icon Google under fire on EU privacy ruling
      478 19 Regulators quiz firm over its decision to remove search results only from its European search engines Reuters Brussels GOOGLE’S handling of the “right to be forgotten” requests from European citizens came under fire by regulators after the search engine company restricted the removal
      Reuters  -  478 words
    • Article
      Lock icon US hoping to boost India trade ties
      470 19 AFP Washington THE US hopes to give a huge boost to its trade ties with India in an upcoming visit by US Secretary of State John Kerry, US officials said. “Our trade has already grown fivefold since the year 2000 to almost US$100
      AFP  -  470 words
    • Article, Illustration
      Lock icon McDonald’s Japan halts sales, imports of chicken from China after scandal
      367 19 AFP Tokyo MCDONALD’S said yesterday that all of its Japanese restaurants had stopped selling products made with chicken from China, in the wake of a scandal that saw expired meat sold to fast food giants. More than 3,000 restaurants
      AFP; PHOTO: BLOOMBERG  -  367 words
    • Article, Illustration
      Lock icon Freeport, Indonesia sign deal for copper exports to resume
      392 20 It hopes to restart concentrate shipments from Grasberg in Aug Reuters Jakarta FREEPORT-MCMORAN and the Indonesian government yesterday reached a deal over a contract dispute that should pave the way for a resumption of the US company’s copper exports after a
      Reuters; PHOTO: REUTERS  -  392 words
    • Article
      Lock icon Durable goods orders up in June
      282 20 LATEST US DATA Reuters Washington ORDERS for long-lasting US manufactured goods rose more than expected in June, pointing to momentum in the economy at the end of the second quarter. The Commerce Department yesterday said that durable goods orders increased 0.7 per cent as
      Reuters  -  282 words
    • Briefing
      • Article
        Lock icon WTO deal may collapse on Indian demand: EU
        147 20 Bloomberg New Delhi THE European Union and dozens of countries around the globe warned that World Trade Organization talks risked falling apart as India seeks to renegotiate part of a breakthrough agreement reached last year. WTO members are striving to pass part
        Bloomberg  -  147 words
      • Article
        Lock icon Thai govt delays energy sector reforms
        143 20 Reuters Bangkok THAILAND’S military government will delay finalising details of closely watched energy reform, a military official said yesterday, which could compound uncertainty about the country’s oil and gas sector. The reform, which was due to be finalised by the end of July, is
        Reuters  -  143 words
      • Article
        Lock icon UK economy surpasses pre-crisis size
        141 20 Reuters London BRITAIN’S economy is now bigger than it was before the financial crisis struck six years ago after strong growth in the second quarter that keeps it on track to lead the way among developed countries this year. The return to its pre-crisis size
        Reuters  -  141 words
Page thumbnail Page 18
Page thumbnail Page 19
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      25 20 A Singapore company to set up 4 biomass power plants in Chongqing plants I in Chongqing 3+%20-) To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      25 words
Page thumbnail Page 21
  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8246 21 Transaction date: Jul 25 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 11.1 13 6.3 1.1 14.8 54.6 20 5.1 A-Sonic Aero 9.1 -0.1 978 9.2 9.1 9.1 9.2
      8,246 words
    • Article
      Lock icon SGX CATALIST
      2094 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 $mil 32.5 23 t 3Cnergy 500 32.5 29.5 39 39 28.5 22 t 800 Super 26 25.5 26 3.2 3.8 8.1 46.5 5 2.6 t AA
      2,094 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 4 0 0 0 4 7 4 Manufacturing 47 53 45 9 9 9 56 62 54 Commerce 20 21 23 4 4 9 24 25 32 Tpt/Stor/Comms 15 17 8
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      804 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jul 21 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) ABR Hldgs 23-Jul-14 Ang Yee Lim Buy 265 0.85 ***** 43.00 ***** 43.14 Best World Intl 23-Jul-14
      804 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,674 29,674 81,194 81,194 Manufacturing 363,950 52,013 415,963 96,550 9,205 105,755 Commerce 61,374 43,193 104,567 71,768 2,875 74,643 Tpt/Stor/Comms 84,488 34 84,522 111,324 6 111,330 Finance 20,606 603 21,209 160,728 193 160,921 Construction 39,583 9,282
      123 words
Page thumbnail Page 22
Page thumbnail Page 23
Page thumbnail Page 24
Page thumbnail Page 25
  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Jul 24 COCOA (£/tonne) Close Prev High Low Sep 14 1986 1988 2000 1975 Dec 14 1943 1938 1952 1931 Mar 15 1920 1915 1929 1908 May 15 1904 1899 1914 1895 COFFEE(US$/tonne) Close Prev High Low Jul 14 2041 1999 2042 2018 Sep 14 2032 1994 2034 2007
      94 words
    • Article
      Lock icon METALS
      73 25 Jul 25 GOLD hjSS/cizi JUt It Jul 2-1 Hong Kon^ 1Z9X*****W10 1 (Jf Jjl 23 London 1289.25'! ***** 1Z89.$*****,31 Source: Thomson Reuters SILVER Sailing spying l J *s»bW3k 1 or 25 6 1A-M Source: UOB PLATINUM *.or 'u) 2* CIMB i’f-SVOUb l J M »-ix, 1469 00 T 406-01?
      73 words
    • Article
      Lock icon PALM OIL
      57 25 Jul 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2360.0 2335.0 2361.0 2333.0 750 4075 Sep 14 2312.0 2292.0 2321.0 2290.0 3911 ***** Oct 14 2282.0 2265.0 2294.0 2262.0 ***** ***** Nov 14 2287.0 2264.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      78 25 Jul 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.125 01-Apr-16 101.2 5-Year NX*****W 2.5 01-Jun-19 106.21 106.35 106.27 10-Year NX*****H 2.750 01-Jul-23 103.89 104.00
      78 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Jul 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1673 1.1682 0.9403 0.9407 Canadian dollar 1.1534 1.1544 0.9296 0.9291 Euro 1.6698 1.6706 1.3451 1.3453 NZ dollar 1.0614 1.0625 0.8550 0.8556 Sterling pound 2.1064 2.1076 1.6968 1.6972
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Jul 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.195 1.139 Can dollar 1.176 1.131 Euro 1.710 1.629 Sterling pound 2.147 2.065 NZ dollar 1.090 1.049 US dollar 1.265 1.205 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article
      Lock icon CHICAGO BOT
      104 25 Jul 24 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 14 1207.50 1201.00 1232.75 1199.00 Sep 14 1111.50 1101.75 1133.75 1100.75 Nov 14 1084.75 1076.50 1107.25 1075.25 Jan 15 1091.50 1083.75 1113.75 1083.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Aug 14 36.24 36.20 36.64 36.15
      104 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 25 YTD change: +5.77% 52-week high: 3,357.35 on July 25,2014 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: +3.90% 52-week high: 24,247.20 on July 25,2014 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: +0.50% 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: -5.12% 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: +3.06% 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 OIL
      68 25 Jul 24 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 107.13 -0.72 WTI (Near Mth) 105.16 -1.59 Dubai (1-Mth F) 105.22 0.61 Tapis blend 110.11 0.44 Minas 105.91 0.44 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.89 -0.05 Jet Kerosene 118.75 0.95 US$/barrel OpecOil Basket Price 105.30
      68 words
    • Article
      Lock icon LONDON METALS
      72 25 Jul 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2008.25 1996.50 3 months 2026.00 2016.00 Copper, Grade A (US$/tonne) Cash 7179.50 7039.75 3 months 7169.50 7045.00 Lead (US$/tonne) Cash 2220.75 2191.25 3 months 2237.00 2206.50 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      72 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jul 24 Index Change Change Change Change Change Change World Preliminary 1250.7 0.3 5.6 0.4 4.0 0.2 5.8 EAFE Preliminary 977.5 0.4 2.2 0.5 1.0 0.2 2.8 Europe Preliminary 1401.7 0.6 3.5
      373 words
Page thumbnail Page 26 / 27
  • PERSPECTIVE
    • Article, Illustration
      Lock icon In Gaza War, truth lies underground
      1195 26 / 27  -  Israel’s main task at the moment is to ensure that its citizens aren’t kidnapped and murdered by Hamas. By Jeffrey Goldberg By Jeffrey Goldberg Bloomberg HERE is one of the more astonishing facts of an already fairly astonishing war: The tunnels that Hamas has
      Bloomberg; PHOTO: REUTERS  -  1,195 words
    • Article
      Lock icon Judging the Man Booker Prize: How I read 145 novels in seven months
      961 26 / 27  -  By Dinah Birch ~The writer is professor of English Literature at University of Liverpool This article first appeared in The Conversation, an independent source of news and views sourced from the academic and research community THIS year’s
      961 words
  • Page 26 / 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 / 27 Miscellaneous Column 1
      337 26 / 27 SATURDAY with Ludwig To appreciate this painting is like trying to figure out Suarez’ £75m transfer fee from Liverpool to Barcelona.’ CRYPTIC CROSSWORD Across 1 Lawyer on screen is a silk (6) 4 Marmite? Greater Manchester town’s right out (8) 10 He produces sound of note (5) 11 Nagging woman
      337 words
Page thumbnail Page 28 / 29
  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon There’s one born every minute – again
        1179 28 / 29  - There’s one born every minute again Most people taken for a ride are once bitten, twice shy except when it comes to investment scams, says a specialist on fraud schemes. By Susan Antilla By Susan Antilla NYT THE federal judge overseeing the criminal case against Jordan Belfort, the felon depicted
        NYT; PHOTOS: STUART ISETT/THE NEW YORK TIMES  -  1,179 words
      • Article
        Lock icon BROKERS’ TAKE
        741 28 / 29  -  Compiled by Cai Haoxiang Small and mid-caps (SMC) DBS Group Research July 24 SMC valuations are relatively higher but there are still opportunities. Small caps have been flat year-to-date (YTD) but in line with the FTSE Straits Times Index’s 5 per cent rise. Mid caps, on the other
        741 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt
        1084 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUNE 11 AND JUNE 17, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 9 NON-LANDED Espada Apt 11/06/2014 FH 667 1775 2660 Grange Ht Apt 11/06/2014 FH 3025 3800
        1,084 words
      • Article, Illustration
        Lock icon Zillow will lead US home search with Trulia buy
        923 31 Move is expected to lead to consolidation of search websites for US house hunters Bloomberg New York A ZILLOW Inc purchase of Trulia Inc would create a dominant search website for US house hunters, reshaping an online industry that the companies
        Bloomberg; PHOTO: BLOOMBERG  -  923 words
      • Article
        Lock icon UK house prices grow marginally in July
        345 31 Reuters London BRITISH house prices grew at their slowest rate in over a year this month in the latest sign that Britain’s housing market may be starting to cool, a survey showed yesterday. House prices rose by 0.1 per cent this month the
        Reuters  -  345 words
Page thumbnail Page 30
Page thumbnail Page 31
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      32 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYWAL OAK OFFSHORE DIAMOND SET IN PINK GOLD. AL ROYW SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 AUDEMARSPIGUET .COM
      32 words
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      53 1 LivingBTTHE BUSINESS TIMES WEEKEND JULY 26-27, 2014 INDIE HOTELIERS Taking the plunge into the hotel experience L2-4 DESTINATION DINING Culinary catwalk L8-9 DESIGN Ideas and reality meld L5 STYLE Breeding luxury L10-11 BT CORPORATE GOLF LEAGUE Sultans’ winning swing L12-13 DINING Fresh re-makes L6-7 PHOTO: AMBONG AMBONG MOTORING The new
      53 words
Page thumbnail Page 2 / 3
  • BT Living
    • Article, Illustration
      Lock icon Indie hoteliers
      2374 2 / 3  -  Ever stayed in a charming boutique hotel or B&B and harboured secret dreams of owning your own Tay Suan Chiang and Cheah Ui-Hoon speak to newbie hotel owners who have taken the plunge Tay Suan Chiang Cheah Ui-Hoon taysc@sph.com.sg @T aySuanChiangBT uihoon@sph.com.sg MOST people visit Bali, enjoy a
      PHOTOS: GILBERT GAGNAIRE; PHOTOS: ANGELINE YONG, YEN MENG JIIN; PHOTOS: AMBONG AMBONG, CHEAH UI-HOON  -  2,374 words
Page thumbnail Page 4
Page thumbnail Page 5
  • DESIGN
    • Article, Illustration
      Lock icon Ideas and reality meld
      990 5  -  Thom Mayne believes that an architect must not only be creative, but also be able to deal with developers’ and builders’ demands. By Tay Suan Chiang taysc@sph.com.sg@TaySuanChiangBT AT 70, most people are likely to be taking it slow, enjoying the finer things in life. But not
      PHOTOS: MORPHOSIS ARCHITECTS  -  990 words
Page thumbnail Page 6 / 7
  • DINING
    • Article, Illustration
      Lock icon Fresh re-makes
      2447 6 / 7  -  With new restaurants opening on a daily basis, pompous is the industry stalwart who refuses to keep up with the times. BT Weekend looks at familiar brands and venues that have recently unveiled refreshed looks By Debbie Yong debyong@sph.com.sg @DebbieYongBT By Rachel Loi rachloi@sph.com.sg @RachelLoiBT By Georgine Verano
      PHOTO: YEN MENG JIIN  -  2,447 words
Page thumbnail Page 8 / 9
  • DESTINATION DINING
    • Article, Illustration
      Lock icon Culinary catwalk
      1209 8 / 9  -  Joshua Skenes adopts a highly disciplined approach to perfecting his craft and sourcing the best ingredients, evidenced in the painstakingly crafted compositions at his restaurant Saison. By Jaime Ee By Jaime Ee jaime@sph.com.sg @JaimeEeBT FIRE Dragon Breathing On Beetroot may not be a martial arts fighting stance, but
      PHOTOS: BONJWING LEE  -  1,209 words
  • Page 8 / 9 Advertisements
    • Advertisement
      Lock icon Page 8 / 9 Advertisements Column 1
      871 8 / 9 wine dine with BTWeekend AquaMarine Marina Mandarin Singapore 6 Raffles Boulevard Celebrate Singapore at Marina Mandarin Celebrate Singapore and immerse in the nation’s diverse dining scene as AquaMarine brings you authentic local dishes from Aug 1-31. Perennial favourites such as chilli crab, laksa and durian penyet will be available on
      871 words
Page thumbnail Page 10 / 11
  • STYLE
    • Article, Illustration
      Lock icon Breeding luxury
      1325 10 / 11  -  It’s not enough for luxury brands to snap up big-name designers with cool cachet. These days, major houses are investing in far less glamorous businesses including flowers, hides and even livestock. By May Yip By May Yip IT’S not enough that the storied Ermenegildo Zegna Group is the
      1,325 words
  • Page 10 / 11 Advertisements
Page thumbnail Page 12 / 13
  • BT CORPORATE GOLF LEAGUE 2014
    • Article, Illustration
      Lock icon Sultans’ winning Swing
      743 12 / 13  -  They lead the competition with defending champions Team SunMoon on 208 points. By Justine Moss THE SPH team again came out swinging strongly in Round 2 of this year’s Business Times Corporate Golf League, scoring 104 (the second highest of the round) to lead the competition. League
      PHOTOS: GOLF DIGEST SINGAPORE  -  743 words
    • Article, Illustration
      Lock icon Road to success
      522 12 / 13 AFTER the first round at Sentosa Golf Club’s Tanjong course, the Audi quattro team was in ninth position. That was when team captain Jeff Mannering stressed that the team would try to stay in the running and hit the ball straighter and further. The team pulled together
      522 words
  • Page 12 / 13 Advertisements
    • Advertisement
      Lock icon Page 12 / 13 Advertisements Column 1
      88 12 / 13 S' 'X 2014 THE BUSINESS TIMES CORPORATE GOLF LEAGUE presented by Audi Hole-In-One Sponsors iUDEMARS PIGLET ■flSSt World Golfers" Championship TCRRC Rl ANC Audi Sponsors mm. Centurion Cmfai Networking Night Partner Operated by Singapore Media Partner BjgflS H PEAK?0" Co-organised by Go invest POOLS 3LT Partners Ace Medical ambient lounge*
      88 words
Page thumbnail Page 14
  • MOTORING
    • Article, Illustration
      Lock icon A-One alternative
      673 14  -  The new Mini One with a new 1.2-litre turbo is the only Mini in COE Category A. By Samuel Ee samuelee@sph.com.sg AND One makes three. The new Mini One is the third Mini to be introduced with a new engine, one that belongs to BMW’s Efficient Dynamics engine
      673 words
    • Article, Illustration
      Lock icon AUTOMOTIVE WORLDVIEW
      670 15  -  Next weekend’s BMW World 2014 will be an extravagant showcase by the German premium manufacturer. By Samuel Ee By Samuel Ee samuelee@sph.com.sg BMW World returns to Singapore to showcase the German carmaker’s products in general, and its electric cars in particular. BMW World 2014 is modelled after BMW
      670 words
Page thumbnail Page 15
Page thumbnail Page 16
  • HEALTH
    • Article, Illustration
      Lock icon Heart scans: questions to ask
      1491 16  -  While scanning the heart allows immediate detection of heart disease, some technologies used may pose greater risks to the patient than others Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of
      FILE PHOTO  -  1,491 words