The Business Times, 28 July 2014

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1 40 The Business Times
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  • Title Section
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    18 1 THE BUSINESS TIMES www.businesstimes.com.sg MONDAY, JULY 28, 2014 S$1.00 MCI (P) 085/08/2013 SjSl A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon Bang for silver buck missing?
    1123 1  -  Push to develop businesses targeted at seniors appears to have lost some momentum in Singapore By Sheena Tan tsheena@sph.com.sg Singapore IT SEEMS local businesses are missing the shine of the silver market. Experts say the silver industry businesses catering to the needs and wants of
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      68 1 the business www. usinesstimes.com.sg BOARDROOM MATTERS Are your IT controls truly adequate? 7 DINING OUT Shima buffet: The S$49.90 question 34 VIEWS FROM THE TOP Finding good business partners overseas 13-15 TOPLINE S-chip company Yongmao Holdings’ cranes soaring far and wide 8-9 OYSTER PERPETUAL DAY-DATE II ROLEX 3* EMPEROR WATCH
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  • TOP STORIES
    • Article, Illustration
      Lock icon Sports and politics never mix well
      704 2  -  There are calls for Russia to be stripped of its 201 8 World Cup hosting rights, but any talk of a boycott or ban is premature at this stage COMMENTARY Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent AS THE international community grapples with how to deal
      PHOTO: REUTERS  -  704 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI(Friday’s close) 3,350.17 (-3.72) HSTI FUTURES 3,349.00 (-4.00) HSIMSCI 383.12 (-0.21) HSIMSCI FUTURES 382.80 (-0.50) Weekly Change KL COMP 1,877.34 +4.37 NIKKEI 225 15,457.87 +242.16 HANG SENG 24,216.01 +761.22 SET 1,543.85 +10.44 JAKARTA 5,088.80 +1.79 MANILA 6,889.55 +36.48 KOSPI 2,033.85 +14.43 SHENZHEN B 911.90 +26.60 MUMBAI IND 26,126.75 +485.19
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.214 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.242 (US$/S$ per 1.697 2.107 EURO (US$/S$/€ 1.345 1.670 Foreign currency per US$ S$ YEN 101.90 82.10 RM 3.176 2.558 HK$ 7.750 6.242 BAHT 32.86 25.66 RUPIAH 11,557 9,308 RENMINBI 6.191 4.986 INDIAN RUPEE 60.08 48.39 A$ 1.063 0.856 NZ$ 1.169 0.942
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    • Article, Illustration
      Lock icon Scorecards on economy, earnings, jobs could make or break bull market
      923 3  -  But all these could be pushed aside by war developments at Ukrainian border, Israel and Palestine WALL STREET INSIGHT By Rob Curran THIS week could make or break the bull market as scorecards on the broad economy, corporate earnings
      PHOTO: BLOOMBERG  -  923 words
    • Article
      Lock icon DB Platinum
      8 3 Branchen Stars R1C-A 18/07/2014 225,03 EUR
      8 words
    • Article, Illustration
      Lock icon Age-segmented marketing may not work
      535 4  -  Targeting seniors in an obvious way will turn away both young and old customers CHASING THE POT OF SILVER By Sheena Tan tsheena@sph.com.sg Singapore CATERING to the silver-haired is not always something to shout about. The changes needed to make products more age-friend-ly and accessible
      535 words
    • Article, Illustration
      Lock icon Some cash in early to meet growing and sophisticated senior demand
      939 5  -  They include savvy travel agencies, an eldercare product maker and a ‘virtual retirement village’ CHASING THE POT OF SILVER By Sheena Tan tsheena@sph.com.sg Singapore ALL that glitters is not gold, but silver or, rather, the silver market. While a
      939 words
    • Article, Illustration
      Lock icon 5 budding artists try their hand at selling
      480 6  -  Funds raised will go to BT Budding Artists Fund By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore PICASSO would have been proud. Five budding artists aged 16 or 17 from the Little Arts Academy were making their first attempts at selling their paintings to
      PHOTO: ARTHUR LEE  -  480 words
    • Article
      Lock icon Abe must now focus more on the home front
      583 6  -  By Anthony Rowley btworld@sph.com.sg Tokyo IN the roughly year-and-a-half since he came to power, Japan’s Prime Minister Shinzo Abe has traversed the world seeking to prove that “Japan is back” as a global economic and political force. But now, he is
      583 words
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      34 2 CONTENTS NEWS World 18, 20-31 Crosswords 32 Aviation 32 Shipping 33 Top Stories 2-6 Companies 7-10 S’pore Markets 11 Singapore 12 Views From The Top 13-15 Dining Out 34 Finance Commodities 38 BizIT 39-40
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      195 5 In The Matter of The Companies Act (Chapter 50) And In The Matter of MST PRECISION PTE LTD (Company Regn. No. *****3336M) (Incorporated In The Republic Of Singapore) (In Creditors’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap.
      195 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Are your IT controls truly adequate?
      826 7  -  All board members should be equipped to understand and deal with data security risks. By Gerard Tan By Gerard Tan ~The writer is a member of the Finance Committee of the Singapore Institute of Directors HARDLY a week passes without a media report on
      ST FILE ILLUSTRATION  -  826 words
    • Article
      Lock icon MTQ falls after 35% Q1 net drop
      350 7  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT OILFIELD engineering firm MTQ Corporation fell 6 cents or 3.4 per cent to S$1.69 last Friday after reporting a 35 per cent drop in net profit to S$4.2 million for its first quarter ended June 30,2014. Revenue was
      350 words
    • Article, Illustration
      Lock icon Yongmao’s cranes soaring far and wide
      1130 8  -  They can be found in Belgium and the UK as well as Australia and Singapore. TOPLINE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT IN the lobby of the headquarters of cranemaker Yongmao Holdings sits three sleek Harley-Davidson motorcycles owned by Yongmao founder and executive chairman Sun
      1,130 words
    • Article
      Lock icon China’s economic slowdown showing in Yongmao’s books
      506 9  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT PROFITS and revenue might be up at Fush-un-based cranemaker Yongmao Holdings. But China’s slowdown is still showing on its financial statements. Its receivables have shot up almost 70 per cent to 363 million yuan (S$73 million) over its
      506 words
    • Article, Illustration
      Lock icon Slowdown in buying and selling activity
      1733 10  -  INSIDE MARKETS By Robert Halili ~The writer is managing director, Asia Insider Limited THE buying fell for the second straight week while the selling among directors remained low based on filings on the Singapore Exchange from July 21 to 25. Buyers outweighed sellers with
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      287 9 DON’T MISS OUR FIRST-EVER SIMPLYHER-SINGHEALTH WOMEN’SHEALTH CONFERENCE’14 August 30, 2014 (Saturday) 9am-6pm Suntec Singapore Convention Exhibition Centre, Rooms 300-302 Findout thecommon conditionsthat affectwomen today,and learnhowto takepreventive measures soyoucanleadalonger, healthierlife. TOPICS SPEAKERS Morning Session 9am-1pm 1Look Your Best in Your 30s-40s: Keep the Weight Off! Dr Tham Kwang Wei Senior Consultant,
      287 words
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  • SINGAPORE MARKETS
    • Article
      Lock icon US$ makes biggest weekly gain in 4 months
      319 11 CURRENCIES Bloomberg New York A GAUGE of the US dollar advanced the most in four months as reports showed signs of improvement in the US labour market before the Federal Reserve meets to debate the pace of interest-rate increases. The US currency
      Bloomberg  -  319 words
    • Article, Illustration
      Lock icon Big week of local results, US data
      496 11  -  STOCKS| Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent AFTER last week’s string of mostly stable real-estate investment trust (Reit) results, the Singapore market will see some big corporates earnings announcements this week. Banks UOB and DBS, Singapore Airlines, and the Singapore Exchange will report their
      496 words
    • Article, Illustration
      Lock icon Fundamentals are driving commodity markets
      525 11  -  COMMODITIES Avtar Sandu ~The writer is senior commodities manager at Phillip Futures Singapore COMMODITIES performance in Q2 and in the beginning of Q3 has been a mixed bag. We have the grains and oilseeds plunging into a bear market, rallies in the softs and better
      525 words
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      104 11 Ask the Commodities Experts Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) -a w 1 At Phillip Futures www.phillipfutures.com.sg *****500 futures@phillip.com.sg Co. Reg. No: *****5695G 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 Email: futures@phillip.com.sg The above information does not constitute an investment advice,
      104 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Cut treatment time, dentist visits with these braces
      542 12  -  Innobrace Orthodontics’ non-ligating bracket system is first of its kind in the world INNOVATION By Lester Wong lesterw@sph.com.sg ANYONE who has ever had orthodontic work done will be familiar with monthly visits to the orthodontist and spending up to two years with
      542 words
    • Article
      Lock icon Taking Heart
      354 12  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT S$50,000 worth of groceries donated to needy families NEEDY families under the Care Community Service Society in the North East District received S$50,000 worth of basic essentials and healthierchoice groceries from Dairy Farm Singapore at its “Partners in Community” green event earlier this
      354 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Finding good partners
      4145 13 This week’s topic: How successful is Singapore Inc overseas? What do the firms need to have most when venturing abroad? Yeoh Oon Jin Executive Chairman PwC Singapore MANY local businesses are indeed venturing overseas given the relatively small size of the Singapore market coupled with challenges around
      FILE PHOTOS, BLOOMBERG  -  4,145 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Long slog for recession graduates
      1340 16  -  Economists say students who entered the job market in 2010 and 2011 took a 19% pay cut from what they could have expected without a recession. By Steve Matthews and Jeanna Smialek By Steve Matthews, Jeanna Smialek Bloomberg NICKOLE Gambrill is still paying the price
      Bloomberg; PHOTO: BLOOMBERG  -  1,340 words
    • Article, Illustration
      Lock icon Are there still value opportunities in the search for yield?
      819 17  -  Even the usual Straits Times Index stalwarts have become expensive MONDAY MULTIPLE Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent DIVIDENDS. Who, in this yield-starved world, doesn’t like them? But after a 15 per cent rally in the past few months in real
      PHOTO: BLOOMBERG; FILE PHOTO  -  819 words
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      168 17 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      168 words
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  • WORLD
    • Article
      Lock icon Asset bubbles seen threatening recovery
      664 18 Investors are paying too much for securities when interest rates are hovering near record lows AFP Paris IN a world still struggling to shake off the worst financial crisis for a generation, many economists are worrying that new asset bubbles are already threatening to derail
      AFP  -  664 words
    • Article, Illustration
      Lock icon Twin tragedies push MAS to the brink
      557 18 AFP Kuala Lumpur ANY airline would struggle with the devastating impact of losing one jet full of passengers, especially if it had already been bleeding money for years. But losing another just months later is pushing crisis-hit Malaysia Airlines (MAS) to the brink
      AFP; PHOTO: REUTERS  -  557 words
    • Article, Illustration
      Lock icon Jokowi faces huge reform challenge
      790 20 Pushing legislation through Parliament is seen as tough task for Indonesia’s president-elect AFP Jakarta AFTER his resounding victory in Indonesia’s presidential race, Jakarta governor Joko Widodo now faces the daunting task of taking the world’s third-biggest democracy forward as resistance to reform lingers. The soft-spoken
      AFP; PHOTO: AFP  -  790 words
    • Article
      Lock icon Lawsuit accuses 3 banks of silver price-fix
      361 20 AFP New York HSBC, Deutsche Bank and Canada’s Bank of Nova Scotia have been accused of conspiring to fix the price of silver in a US lawsuit filed in federal court in New York. Plaintiff Scott Nicholson, an investor from the northwestern US
      AFP  -  361 words
    • Article, Illustration
      Lock icon What US does with billions in bank fines
      1149 21 Some are earmarked for specific purposes while various departments and officials haggle over the rest Reuters New York US authorities’ US$8.9 billion settlement last month with French bank BNP Paribas for sanctions busting will pay for New York cops to get live
      Reuters; PHOTO: REUTERS  -  1,149 words
    • Article, Illustration
      Lock icon Time running out for Argentine debt deal
      1178 22 Talks with ‘holdout’ investors seem to be going nowhere, though a last minute deal cannot be ruled out Reuters Buenos Aires ARGENTINA looks set to default on its debt for the second time in 12 years last Thursday as negotiations with “holdout” investors
      Reuters; PICTURE: REUTERS  -  1,178 words
    • Article
      Lock icon Hong Kong warns of capital outflows despite currency’s strength
      307 22 Reuters Hong Kong HONG Kong must stay alert to the possibility of large capital outflows even as its currency has had unusual strength recently due to inflows for acquisitions, share-dividends and related transactions, a senior official at its central bank said.
      Reuters  -  307 words
    • Article, Illustration
      Lock icon Russia stoic on tighter sanctions threat
      634 23 But analysts are concerned the uncertainty generated could alone choke off growth AFP Moscow RUSSIA has remained stoic about the threat of tighter Western sanctions over the Ukraine crisis, but analysts are concerned the uncertainty they generate could alone choke off growth. The downing
      AFP; PHOTO: REUTERS  -  634 words
    • Article
      Lock icon Lithuania to join European Union on Jan 1
      451 23 AFP Vilnius LITHUANIA won the EU’s final green light last week to join the eurozone next year, completing a Baltic embrace of Europe’s chequered single currency as security concerns over Russia nudge other reluctant eastern candidates towards adoption. A special clock has
      AFP  -  451 words
    • Article, Illustration
      Lock icon US sets duties on some solar-energy imports
      709 24 Washington accuses producers from China, Taiwan of selling goods at unfairly low prices Bloomb erg Washington THE United States Commerce Department has proposed expanded penalties on some Chinese solar-energy imports in a victory for the US unit of SolarWorld AG, which accused China
      Bloomberg; PHOTO: REUTERS  -  709 words
    • Article
      Lock icon Former Bear Stearns chief dies at 86
      366 24 Reuters New York ALAN “Ace” Greenberg, the former chairman and chief executive officer of Bear Stearns Cos Inc, has died after a bout with cancer. He was 86. Mr Greenberg, who died on Friday, has been credited with engineering the rise of Bear
      Reuters  -  366 words
    • Article
      Lock icon Google triples deal spending in H1
      281 24 Bloomberg San Francisco GOOGLE Inc more than tripled spending on acquisitions in the first half of the year to US$4.2 billion, as the Internet company ramps up investments to expand its services. The world’s largest online advertiser spent US$3.2 billion for thermostat company Nest
      Bloomberg  -  281 words
    • Article, Illustration
      Lock icon Top US property websites soar on merger report
      539 25 Zillow and Trulia have similar businesses and merger will lead to big cost savings: analysts Bloomberg New York ZILLOW Inc and Trulia Inc shareholders reaped US$1.9 billion in two days from a deal that hasn’t been announced yet. That may be just
      Bloomberg; PHOTO: BLOOMBERG  -  539 words
    • Article
      Lock icon More quitting jobs a signal for US wage rise
      536 25 WP New York IF someone at your workplace recently quit, you may be poised for a raise. With more Americans voluntarily leaving their jobs and confidence about business conditions improving, wages could increase amid this labour market turnover. More than 2.5
      WP  -  536 words
    • Article, Illustration
      Lock icon Seoul to repeal some laws to restore growth
      867 26 Among the 2,200 regulations President Park is targeting are limits on car customising WP Seoul YOON Kyung Sik watches for police whenever he drives his souped-up Kia Picanto from his leafy neighbourhood in Seoul’s Songpa district to work at a nearby gym.
      WP; FILE PHOTO  -  867 words
    • Article
      Lock icon Ikea bank uses computer game to lure savings
      561 26 New rules lead to stiff competition among banks for household deposits Bloomberg Stockholm IKEA billionaire Ingvar Kamprad made his fortune helping the world stay frugal with cheap home furnishings. The same model is now being peddled at his bank, where customers get
      Bloomberg  -  561 words
    • Article
      Lock icon US govt wiretapping online media makes systems less secure
      764 27 Some security specialists suggest hacking as an alternative; others say it poses serious risks WP Washington LAW enforcement and intelligence agencies want to be able to wiretap social media, instant message and chat services. But building in ways to wiretap these
      WP  -  764 words
    • Article
      Lock icon Beijing to start military drills across East, South China Seas
      485 27 Bloomberg Shanghai CHINA is holding military drills across the East and South China Seas that may further disrupt domestic air travel and add to tensions with neighbours over regional territorial disputes. China begins five days of drills in the East
      Bloomberg  -  485 words
    • Article, Illustration
      Lock icon Rising gold prices boosting French mining exploration
      794 28 But firms asking for licences need to preassess environmental impact of the mines WP Paris IN a field near Saint-Pierre-Montlimart, a small hamlet with a turreted church in western France, Jack Testard and Patrick Lebret dig up some earth with an agronomic drill
      WP; PHOTO: BLOOMBERG  -  794 words
    • Article
      Lock icon Goldman’s deal with US federal agency could cost bank US$1.25b
      361 28 Upper end of range matches amount Morgan Stanley agreed to pay in February Reuters New York A DEAL to resolve a US regulator’s claims against Goldman Sachs Group Inc over mort-gage-backed securities sold to Fannie Mae and Freddie Mac leading
      Reuters  -  361 words
    • Article, Illustration
      Lock icon China’s state media bolder in exposing graft
      527 29 Official drive against wrongdoing encourages normally docile media to push barriers Reuters Beijing CHINA’S campaign to stamp out corruption has emboldened the country’s normally docile state media to push the barriers in exposing corporate wrongdoing. While it’s still off-limits to delve too deeply
      Reuters; PHOTO: REUTERS  -  527 words
    • Article
      Lock icon Complaint made to German court against banking union
      334 29 Reuters Berlin A GROUP of professors has lodged a complaint with Germany’s Constitutional Court against Europe’s planned banking union, which starts work in November, Welt am Sonntag newspaper reported yesterday. The union is Europe’s main confidence-build-ing response to the financial sector crisis.
      Reuters  -  334 words
    • Article, Illustration
      Lock icon Tycoon’s moneymaking machine causes his downfall
      819 30 Sewol owner and family cut corners on ferry’s safety, resulting in disaster NYT Seoul AFTER all the lavish galas in his honour at landmarks like the Louvre and Versailles, the tens of thousands of devotees following his religious teachings for decades, the hundreds of
      NYT; PHOTO: WOOHAE CHO/THE NEW YORK TIMES  -  819 words
    • Article
      Lock icon Investors unmoved pending Scottish vote
      521 31 They leave financial positions uncovered due to the complexity, costs involved Reuters London LESS than two months before an independence vote that could ultimately tear apart a G-7 country, investors in financial markets seem largely unmoved. Last week saw the first glimmer of action in
      Reuters  -  521 words
    • Article, Illustration
      Lock icon Ricciardo is winner of dramatic Hungarian GP
      425 31 Reuters Budapest AUSTRALIAN Daniel Ricciardo won the Hungarian Formula One (F1) Grand Prix for Red Bull yesterday while Lewis Hamilton roared from pitlane to podium in another astonishing performance by the Mercedes driver. Ferrari’s Fernando Alonso was second and championship leader Nico Rosberg,
      Reuters; PHOTO: AFP  -  425 words
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      191 19 Sr? sea 4. I u S3 t On Pi B 25 5 r> R ES-S BKHB&toBi i/ 1HHNH RaFFles City Convention Centre, Stamford Ballroom Level 4 Sunday, 31 August 2014 8.30am 5.00pm SEMINAR TOPICS SPEAKERS Savills SHOWCASE FEATURED DEVELOPERS (Penang) Sdn Bhd Panel Discussion Moderated By: Winston Lee Senior Product
      191 words
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      171 21 10aM 7pm 2nd-3rdAug 2014 SUNTEC SINGAPORE CONVENTION EXHIBITION CENTRE LEVEL 4, EXHiBITION HALL 401 402 How I See The Market Today and What I am Doing About It Special Promo Price for 1st 20 registrants $388only (Usual Price: $688) Jim Rogers Investment Expert and Author WHAT YOU’LL LEARN Where Jim
      171 words
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      84 23 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
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      12 25 GETYOUR AUGUSTCOPYOF MEN’SHEALTHNOW! Checkoutour TravelWisdom special,withtips andtricksto makesureyou maximiseevery minuteofyour vacationtime! MENSHEALTH.COM.SG
      12 words
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      97 27 th n Editio 11 14 September 2014 Singapore EXPO Hall 5 11am 10pm Daily Participate in Singapore’s BIGGEST Showcase Of Food Products Sell local international food products to over 250,000 visitors during the September school holiday period! Book Your Space NOW! *Limited Booths Available! For more information, call *****620 or
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      31 29 AUGUST ISSUE OUT NOW! AUGUST 30, 2014 (SATURDAY) JOIN SINGAPORE’S FAVOURITE AUTOMOTIVE TELEMATCH AND STAND TO WIN FABULOUS PRIZES! Limited to the first 50 teams, so sign up now at WWW.TORQUE.COM.SG/EVENTS
      31 words
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      122 30 The Foundation of Career Success Productivityand Innovation Credit (PIC) Claimable 2 01 4 JULY SE RIES 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
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  • AVIATION
    • Article, Illustration
      Lock icon Air France-KLM plans to take on low-cost rivals
      446 32 Acquisitions likely to win back budget share; Q2 earnings rise to 641m euros Reuters Paris AIR France-KLM posted a sharp increase in core profit for the second quarter and announced a new 2015-2020 plan to recapture market share from low-cost rivals in
      Reuters; PHOTO: BLOOMBERG  -  446 words
    • Article
      Lock icon UN finds Air Algerie jet’s 2nd black box
      345 32 Bloomberg London THE United Nations said that it recovered the second black box from the Air Algerie MD-83 that crashed in Mali last week as troops from France, Mali and Burkina Faso continued recovery efforts. More than 200 soldiers have been deployed
      Bloomberg  -  345 words
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      21 32 Analysts~ new rating framework for investment products should go hand-in-hand with investor education To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      21 words
  • Page 32 Miscellaneous
    • Miscellaneous
      Lock icon Page 32 Miscellaneous Column 1
      313 32 CRYPTIC CROSSWORD Across 1 Compelled company to have new creed (7) 5 Quits at university levels (5,2) 9 Could be a periodical dispute (5) 10 Hold rates for building in garrison town (9) 11 It dawns on most people while they’re in bed (5,2,3) 12 Too wrapped up in financial
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Bond market sceptical about Bombardier
      631 33 Despite cost cuts, borrowing costs rise amid delay in new jet Bloomberg Toronto BOMBARDIER Inc’s efforts to rein in costs to develop its CSeries jetliner are meeting with scepticism in the bond market, which has helped fund the most expensive project in the company’s 72-year
      Bloomberg; PHOTO: BLOOMBERG  -  631 words
    • Article
      Lock icon TRANSPORT STOCKS
      241 33 SGX '000 Jul 25 S$ +/-Vol Ch Offshore...............0.46 unch 34 Chuan Hup Hldg 0.29 unch 166 Jul 25 Cwt Limited 1.69 -0.02 507 First Ship Lea Ch Offshore Grand Banks 0.27 unch 20 Jaya Hold Ltd 0.07 unch ***** K1Ventures 0.21 -0.01 1721 Keppel Corp 11.03 0.10 4956
      241 words
    • Article
      Lock icon VLCC rates seen holding steady on Asia demand
      408 33 Reuters Singapore RATES for very large crude carriers (VLCCs) on key Asian freight routes could hold steady or gain next week as charterers seek to complete their vessel chartering programme for the first 20 days of August, brokers said. The pause would
      Reuters  -  408 words
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  • DINING OUT
    • Article, Illustration
      Lock icon The S$49.90 question
      784 34  -  debates the merits of an all-you-can-eat teppanyaki buffet at Shima versus a fine-dining set lunch Jaime Ee jaime@sph.com.sg@JaimeEeBT RESTAURANT REVAMP Shima 22 Scotts Road, Goodwood Park Hotel Z6734 6281 Open daily for lunch and dinner: 12pm to 3pm; 6pm to 10.30pm SO I had lunch the other
      PHOTOS: YEN MENG JIIN  -  784 words
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      96 34 CELEBRATE SINGAPORE AT MARINA MANDARIN Enjoy best available rates with top up of $10 per person for stay period from 1 August to 30 September 2014. Room package includes complimentary buffet breakfast for two persons at AquaMarine, wifi access and self-parking. Spectacular fireworks display from our Marina Bay view rooms
      96 words
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  • Article
    Lock icon SHIPPING TIMES
    2121 35 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville Northern Precision *****E 28 Jul 14 Aug 30 Aug 03 Sep 04 Sep 05 Sep 09 Sep 10 Sep 12 Sep 13 Sep 18 Sep Northern Precision
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      26 35 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
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  • Page 36 Advertisements
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      27 36 Shippers looking for Warehouse TO ADVERTISE, CALL JOE WONG AT 9620 1327 Can they find your services here in the Shipping Times? THE BUSINESS TIMES Shipping Times
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 38 Jul 25 COCOA (£/tonne) Close Prev High Low Sep 14 1983 1986 1986 1976 Dec 14 1950 1943 1951 1937 Mar 15 1928 1920 1929 1914 May 15 1911 1904 1912 1898 COFFEE(US$/tonne) Close Prev High Low Jul 14 2024 2041 2032 2032 Sep 14 2016 2032 2029 2001
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    • Article
      Lock icon METALS
      68 38 Jul 25 GOLD(US$/oz) Jul 25 Jul 24 Hong Kong 1297.00 1300.00 Jul 25 Jul 24 London 1298.66 1289.23 1299.43 1289.97 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.61 24.84 Source: UOB PLATINUM Lon (US$/oz) Jul 25 Close Previous PM Fix 1473.00 1469.00 AM Fix 1471.00 1472.00 Source:
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    • Article
      Lock icon PALM OIL
      57 38 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
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    • Article
      Lock icon GOVERNMENT SECURITIES
      78 38 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
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 38 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
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 38 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
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    • Article
      Lock icon CHICAGO BOT
      105 38 Jul 25 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 14 1212.25 1207.50 1214.50 1197.75 Sep 14 1113.75 1111.50 1115.50 1098.50 Nov 14 1083.50 1084.75 1087.25 1070.25 Jan 15 1090.25 1091.50 1094.00 1077.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Aug 14 36.09 36.24 36.32
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        21 38 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  -  21 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 38 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 Dow Jones Industrial Average
        21 38 YTD change: +2.32% 52-week high: 17,151.56 on July 17,2014 52-week low: 14,719.43 on Oct 9,2013 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 38 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 38 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
      Lock icon OIL
      68 38 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$/barrel OpecOil Basket Price 105.30
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    • Article
      Lock icon LONDON METALS
      72 38 Jul 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1980.00 2008.25 3 months 1997.00 2026.00 Copper, Grade A (US$/tonne) Cash 7137.00 7179.50 3 months 7125.00 7169.50 Lead (US$/tonne) Cash 2252.25 2220.75 3 months 2267.00 2237.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 38 In local curr In S$ In US$ dy yr dy yr dy yr Jul 25 Index Change Change Change Change Change Change World Preliminary 1244.7 -0.4 5.1 -0.5 3.4 -0.5 5.2 EAFE Preliminary 974.0 -0.4 1.9 -0.5 0.6 -0.5 2.3 Europe Preliminary 1390.4 -0.8 2.6
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  • BizIT
    • Article, Illustration
      Lock icon Meet my co-worker: a robot
      1130 39  -  Danish company Universal Robots’ compact and lightweight industrial robots are indefatigable and do an excellent job working alongside humans By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT IMAGINE a co-worker on the factory floor who doesn’t need a lunch or tea break. Plus, “he” has as much
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    • Article, Illustration
      Lock icon Evernote targets corporate base in Asia-Pac
      927 40  -  Huge potential for growth since its 12,000 paying businesses make up tiny fraction of its 100 million global user base By Victoria Ho WITH 12,000 businesses on Evernote premium accounts and counting, the note-taking software company is pushing companies to rely on Evernote, hoping
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    • Article
      Lock icon Samsung introduces new B2B display solutions
      721 40  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT SAMSUNG Electronics Singapore last week announced its new B2B (business-to -business) display solutions optimised for a variety of environments, including schools, retailers, offices, airports and hotels. It says that the solutions are smarter, better customised and differentiated. Explaining
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      58 39 A part of chAsk 2014 International Building Technology Expo SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 •ivm m 14-16 October 2014 Singapore EXPO Halls 3 4 www.buildtechasia.com I spi v maSw W-v T +f. r: To Exhibit: Tel:+65 6319 4021 Email: buildtechasia@sph.com.sg To Visit: Pre-register at www.buildtechasia.com nmni'Wii i> *m<» 11 >y*i
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