The Business Times, 2 August 2014

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Microfilm: NL33221
Total Pages: 41
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg AUGUST 2-3, 2014 l S$1.oo MCI (P) 086/08/2013 Sfjl A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon TOUGHER REGIME
    24 1 Acra ups public accountant bar TO qualify, practitioners must soon have two years of audit management under their belt as well. 2
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  • Article
    Lock icon THORNY QUESTIONS
    24 1 SIA gets Parliament’s attention WHEN Parliament sits on Monday, members will be asking about the carrier’s flight paths over conflict zones. 5
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  • Article
    Lock icon UPBEAT RESULTS
    34 1 DBS Q2 profit up 9% at S$969m THE bank cites improved lending margins and lower allowance charges, even as its CEO takes great pains to allay fears over exposure to China. 10
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  • Article
    Lock icon GROUND ACTION
    28 1 JB bus drivers’ Checkpoint strike IN protest against the hike in toll fees, they refuse to ferry their passengers factory workers and schoolchildren into Singapore. 14
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  • Article
    Lock icon Regulators take aim at contra trading, errant listed firms
    775 1  -  To boost retail participation, board lot size to be cut to 100 shares by next year By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BY early next year, companies that commit a series of related breaches in listing rules can be fined up
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  • Article
    Lock icon GIC’s 20-year returns beat global inflation
    874 1  -  It racks up annualised real returns of 4.1% on strong recovery of financial markets around the world By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AMID a gloomier outlook for fund managers globally, GIC has racked up annualised real returns of 4.1 per cent over the
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 HSTI 3,344.42 (-29.64) HSTI FUTURES 3,314.00 (-26.00) HSIMSCI 381.93 (-4.15) HSIMSCI FUTURES 377.70 (-4.60) STOCKS Friday Change KL COMP 1,863.34 -8.02 NIKKEI 225 15,523.11 -97.66 HANG SENG 24,532.43 -224.42 SET 1,500.20 -2.19 JAKARTA Closed MANILA 6,894.23 +29.41 KOSPI 2,073.10 -3.02 SHENZHEN B 925.24 +1.75 MUMBAI IND 25,480.84 -414.13 12
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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$) 1.249 (US$/S$ per 1.687 2.108 EURO (US$/S$/€ 1.338 1.672 Foreign currency per US$ S$ YEN 103.00 82.40 RM 3.211 2.570 HK$ 7.750 6.204 BAHT 32.24 25.81 RUPIAH 11,825 9,466 RENMINBI 6.180 4.947 INDIAN RUPEE 60.84 48.70 A$ 1.077 0.862 NZ$ 1.178 0.943
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    • Article
      Lock icon Acra raises the bar for public accountants
      618 2  -  From next February, another two years of audit management experience required By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore THE accounting profession’s regulator will be raising the bar for public accountants here, to ensure that the quality of audits remains high given that “audit remains
      618 words
    • Article
      Lock icon Job growth cools in July, unemployment rate rises unexpectedly to 6.2%
      688 4 Figures point to a slack in the labour market that could give the Federal Reserve room to keep interest rates low for a while LATEST US DATA Reuters Washington US job growth slowed in July and an unexpected rise
      Reuters  -  688 words
    • Article, Illustration
      Lock icon Dancing for a charitable cause
      158 4  -  By Yen Meng Jiin yen@sph.com.sg Singapore THE world’s top ballroom-dancing couple and reigning international ballroom champions Arunas Bizokas and Katusha Demidova delivered a one-night-only performance at The Business Times Dream Ball, a charity event, sponsored and co-presented with Marina Bay Sands (MBS). Net proceeds from
      PHOTO: YEN MENG JIIN  -  158 words
    • Article, Illustration
      Lock icon Sands for Singapore Festival kicks off
      126 5 THE Sands for Singapore Festival 2014, Marina Bay Sands’ annual charity event, kicked off yesterday and will continue through this weekend. Two public events took place yesterday: Tangle, an interactive playground using colourful elastic bands to create an abstract artwork, and the Sands for
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    • Article
      Lock icon SIA, conflict zones get Parliament’s attention
      457 5  -  MPs to ask transport minister about the carrier’s flight paths over troubled areas By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WHEN Parliament next sits on Monday, its members will be asking about Singapore Airlines’ (SIA) flight paths over conflict zones, in the wake of last
      457 words
    • Article, Illustration
      Lock icon It’s Just a S$1,000 Lunch
      1072 6  -  Matchmaking firm Men’s Elite Club targets high net worth individuals By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore YOUR doe-eyed Korean dream girl might be within closer reach than you think. If you have S$10,000 in your bank account and a hole in your heart, there is
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    • Article
      Lock icon China PMI rises sharply, exceeds estimate
      783 7 July manufacturing data signals economy is gaining momentum, driven by govt infrastructure investment including railways, subways Bloomberg Beijing CHINA’S manufacturing expanded in July at the fastest pace in more than two years, signalling a pick-up in economic growth is strengthening amid government support policies.
      Bloomberg  -  783 words
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      47 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-15 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Cover Story L2-5 Style L6-7 Dining L8-10 Health L11 Travel L12-13 Motoring L14-15 Sports L16 Real Estate 31
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      32 3 DISCOVER MORE LUXURY THE SHOPPES Asias premier luxury retail destination r v. A 11 r >V W fA m nr HE S, FASHION DINING ENTERTAINMENT THE SHOPPES at MARINA BAY Sands. SINGAPORE
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      17 5 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
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      Lock icon Page 5 Advertisements Column 2
      218 5 THE SOUND VISION SPECIALIST The Headphone Bar Parrot Audeze Cypher Labs Zik AKG FiiO RHA HRT KEF JAYS Audinst Earsonics Burson Shure Grade Denon Klipsch Atomic Floyd ALO Audio Beyerdynamic Fischer Audio Ultimate Ears Harman Kardon Selection of over 200 models available Zikmu i it Zikmu Now: $2,688 Parrot Wireless
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  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      66 7 SINGAPORE -SWEEP1 ST PRIZE $2,300,000 2ND prize 3 rd PRIZE $500,000 $250,000 9 sets of 2D winning numbers (315,000 prizes, each $6) M m SNGATON SWEEP Draw No. 08/2014 S3 Draw Date; *****68 Draw Dale. "“‘"T’tffli). 2014*8B6B DRAW ON WEDNESDAY, 6 AUG 2014 P L A Always Play with care.
      66 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Cross-pollinating culture, inspiration
      2547 8 / 9  -  On its 110th anniversary, Georg Jensen’s Taiwanese-American CEO David Chu talks about driving the Danish brand into the new ‘Asian Century’. By Debbie Yong By Debbie Yong debyong@sph.com.sg @DebbieYongBT IF THE party of the moment fetes the gilded rise of Asia, then Danish heritage brand Georg Jensen
      PHOTO: GEORG JENSEN  -  2,547 words
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  • COMPANIES
    • Article, Illustration
      Lock icon DBS Q2 earnings up 9% at S$969m
      968 10  -  Bank sees no red flags in China exposure; upbeat profit sends its shares up Reports by Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT DBS Group Holdings posted a 9 per cent jump in net profit in the second quarter to S$969 million from a year ago,
      PHOTO: BLOOMBERG  -  968 words
    • Article
      Lock icon Housing loans not affected by softer property market
      489 10 DBS Group Holdings does not expect to see bad loans in its housing loan book click higher on the back of a moderation in property prices or a potential slump in the sector here given that the bulk or some 85 per
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    • Article, Illustration
      Lock icon STI’s window-dressing gains wiped out
      595 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent NEWS reports attributed Wall Street’s Thursday blowout to Argentina defaulting on its bond payments, but, just like attributing OCBC’s jump midweek to its takeover of Wing Hang Bank, this made little sense, since Argentina’s debt problems have been
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    • Article, Illustration
      Lock icon Na Wu Beng is new Wing Hang CEO
      303 11  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT FOLLOWING the close of OCBC’s S$6.2 billion offer for Wing Hang, it has moved quickly to find new leadership for the Hong Kong bank. Yesterday, it appointed banking veteran Na Wu Beng as CEO of Wing Hang
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    • Article
      Lock icon TOP 20 ACTIVES
      259 11 VOL CLOSE Jaya 1 28 V572 6 .6 0 .4 6 .5 APAC Strateg i c 1 26 6.5 447 6 0 .3 5 .3 Po l ar i s 81 5.3 349 2 .6 0 .4 18 .2 Accordia Go l f Tr 64 Accordia Golf
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    • Article
      Lock icon STI STOCKS
      119 11 Stock name Close Change Ascendas Reit 2.310 -0.020 CapitaLand 3.430 -0.020 CapitaMall Trust 1.970 CityDev 10.390 -0.190 ComfortDelGro 2.560 -0.030 DBS Grp 18.310 +0.090 Genting Sing 1.335 Global Logistic 2.800 +0.010 Golden Agri-Res 0.535 HPH Trust USD 0.715 -0.030 HongkongLand USD 6.930 +0.080 JMH 400 USD 59.040 -0.930
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    • Article
      Lock icon Kim Heng Offshore warns of Q2 profit fall
      265 11  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT KIM Heng Offshore Marine Holdings, which listed on Catalist in January this year, has hit a profit snag in the second quarter. In a profit guidance yesterday following a preliminary review of its financial results, the group
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    • Article
      Lock icon TOP GAINERS
      65 11 BY CENTS CLOSE UP DBXT S&P Short 10US$ 2424 48.7 1.6 DBXT FTVietnam 10US$ 2816 21.2 0.6 DBXT iBoxxSvEu 5US$ ***** 18.7 0.1 DBXT USDIGInfl 5US$ ***** 15.0 0.0 SGX 717 11.0 1.6 DBXT AUDCS 5SG$ ***** 10.0 0.0 HongkongLand USD 693 10.0 1.2 DBS Bk 4.7% NCPS
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    • Article
      Lock icon TOP LOSERS
      63 11 BY CENTS CLOSEDOWN IS S&P500 ***** -530.7 -2.2 SPDR DJIA 10US$ ***** -334.7 -1.6 Lyxor ThaiSET 10US$ ***** -312.2 -1.9 DBXT Nifty 10US$ ***** -302.2 -1.8 SPDRS S&P 500 10US$ ***** -281.0 -1.2 Lyxor Indonesia10US$ 9282 -223.5 -1.9 DBXT iBoxxKR 5US$ ***** -202.3 -1.0 DBXT E50 10US$ 5200
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    • Article
      Lock icon Cosco reports 19% rise in Q2 earnings
      479 12  -  Revenue for April-June period up 29%; results also boosted by interest income and forward currency contracts By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT COSCO Corporation (Singapore) yesterday posted S$14.3 million in second-quarter net profit attributable to equity-holders, a 19 per cent increase from a year
      479 words
    • Article
      Lock icon Sino Construction to buy another coal firm
      408 12  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT BUILDING construction and civil engineering company Sino Construction Group, continuing its mine-buying spree, yesterday announced it is acquiring all the coal assets owned by Australialisted Guildford Coal Ltd for US$25 million plus additional royalty a price revised upward
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    • Article
      Lock icon Poor tee-off for Accordia Golf Trust
      293 12  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT ACCORDIA Golf Trust (AG Trust) sank as much 17.5 per cent to 80 Singapore cents yesterday in its trading debut on the Singapore Exchange (SGX). The counter, which was priced at 97 Singapore cents a unit in the initial
      293 words
    • Article, Illustration
      Lock icon 2 firms backed by Temasek weigh US IPOs
      298 12 Bloomberg Singapore TWO technology firms backed by units of Temasek Holdings are considering US initial public offerings (IPOs), people with knowledge of the matter said. Reebonz Pte, an online retailer of discounted luxury goods, is receiving proposals from investment banks about a
      Bloomberg; PHOTO: BLOOMBERG  -  298 words
    • Article, Illustration
      Lock icon China exposure: MAS seeks data from banks
      505 13  -  Lenders told to submit by Aug 6 info on their exposure to China firms, amid worries over commodity financing fraud By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT THE Monetary Authority of Singapore (MAS) has asked banks here for information on their exposure to China
      PHOTO: BLOOMBERG  -  505 words
    • Article
      Lock icon Singapore’s wealthy lured to risky bonds
      434 13 Bloomberg Singapore SINGAPORE’S millionaires are bankrolling makers of tyre rubber and frozen salmon samosas in their quest for higher returns as smaller companies tap the island’s bond market, driving yields to a 13-year high. Companies including locally listed seafood supplier Pacific Andes Resources Development
      Bloomberg  -  434 words
    • Article
      Lock icon Lacklustre property sentiment hits OUE’s Q2
      161 13  -  By Lee Meixian leemx@sph.com.sg @LeeMeixian OUE Limited yesterday reported a 69.6 per cent drop in net profit to S$4.4 million for its second quarter ended June 30. Revenue fell 10.6 per cent to S$100.2 million. The lower revenue was due to the “lacklustre Singapore
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      Lock icon Page 13 Advertisements Column 1
      86 13 CBD STRATA OFFICES FOR SALE Havelock MW now Y^)\ew Choice Units: 312 sq ft to 18,323 sq ft Opposite State Courts Next to Clarke Quay MRT Station Covered access to Chinatown MRT Station No Additional Buyers’ Stamp Duty or Sellers’ Stamp Duty Independent flexible air-con system Units provided with raised
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  • SINGAPORE
    • Article
      Lock icon JB bus drivers strike at Checkpoint
      534 14  -  Protest against toll fees hike results in delays; passengers forced to walk across Causeway By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT SEVERAL drivers manning private Malaysian buses mounted a strike at the Johor Baru (JB) Checkpoint to protest against the hike in toll fees that kicked
      534 words
    • Article
      Lock icon Policy of matching toll charges
      215 14 SINGAPORE’S Land Transport Authority (LTA) said last night that if Malaysia cut or scrapped its toll charges, Singapore would follow suit. In response to media queries, an LTA spokesman reiterated that Singapore has had a long-standing policy of matching its toll charges at the Causeway
      215 words
    • Article, Illustration
      Lock icon 2 changes to critical illnesses benefits announced
      359 14  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT THE Life Insurance Association Singapore (LIA) announced yesterday two changes to the Critical Illnesses (CIs) benefits offered under new individual or group insurance policies. The changes take immediate effect. The first is to revise the definitions of what
      FILE PHOTO  -  359 words
    • Article
      Lock icon Singapore develops first genetic test kit for kidney cancer
      303 14  -  By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT RESEARCHERS and doctors here have developed the world’s first molecular test kit that can point the way to the most appropriate treatment and predict the survival outcomes for kidney cancer patients. The team from the Institute
      303 words
    • Article
      Lock icon ‘Dunkable’ technology start-up explores Asian IPO
      327 15 Reuters P2I, a technology spin-off from Britain’s Ministry of Defence, is looking to raise as much as £10 million (S$21 million) from Singapore investors as it readies the launch of its “Dunkable” or waterproof technology for smartphones and tablets. The fundraising by the nanotechnology
      Reuters  -  327 words
    • Article
      Lock icon Singapore Mediation Centre revamps for a better focus
      505 15  -  Specialist mediators available to settle disputes in fields like banking, shipping, construction By Claire Huang huangjy@sph.com.sg @ClaireHuangBT THE Singapore Mediation Centre (SMC) yesterday unveiled a slew of enhancements, key among which was one to give companies easier access to specialist mediators. Businesses
      505 words
    • Article, Illustration
      Lock icon S$900,000 raised for Dover Park Hospice
      240 15 DOVER Park Hospice (DPH) raised over S$900,000 at its Sunflower Ball 2014 on Thursday. This amount will be matched dollar-for-dollar by the government with a grant under its Community Silver Trust (CST), which is used to enhance the services of voluntary welfare organisations (VWOs)
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  • WORLD
    • Article, Illustration
      Lock icon Frustration as India veto kills WTO deal
      607 16 Eleventh-hour failure draws strong criticism; some members plan to exclude New Delhi from pact Reuters Bloomberg Geneva SEVERAL member states of the World Trade Organization (WTO) voiced frustration after India’s demands for concessions on agricultural stockpiling led to the collapse of the first
      Reuters; Bloomberg; PHOTO: AFP  -  607 words
    • Article
      Lock icon Thai junta chief handpicks assembly
      543 16 Bloomberg Bangkok THAI junta leader Prayuth Chan-Ocha selected a 200-member National Legislative Assembly to act as the nation’s parliament before possible future elections, while maintaining absolute authority over the country. The assembly, endorsed on Thursday by King Bhumibol Adulyadej, will meet for the first time
      Bloomberg  -  543 words
    • Article, Illustration
      Lock icon Argentina: Default? What default?
      665 17 Govt blames US for messy legal dispute that made Buenos Aires miss US$539m payment to exchange creditors AFP Buenos Aires ARGENTINA blamed the United States on Thursday for the legal battle that forced it to miss a debt payment and, despite ratings agencies’ declarations to the
      AFP; PHOTO: AFP  -  665 words
    • Article
      Lock icon Clean-up ahead for Banco Espirito Santo
      495 17 NYT Madrid PORTUGAL’S central bank has stepped up efforts to clean up troubled lender Banco Espírito Santo and end its family control, after the bank reported a stunning first-half loss of US$4.8 billion that will force it to raise more capital. After the bank’s
      NYT  -  495 words
    • Article, Illustration
      Lock icon French telco bids for big T-Mobile US stake
      577 18 Iliad’s US$1 5b offer comes amid merger talk between US players Sprint and T-Mobile NYT New York SPRINT and T-Mobile US have been slowly dancing toward a US$32 billion merger of the third and fourth-largest US cellphone operators. Now a French upstart
      NYT  -  577 words
    • Article
      Lock icon Alibaba on investing spree for tech firms in US
      684 18 Burst of activity comes as Web retailer prepares for its market debut NYT New York ALIBABA group, the Chinese Internet retailer, is coming to America with its cheque book wide open. In March, Alibaba made a US$215 million investment in Tango,
      NYT  -  684 words
    • Article, Illustration
      Lock icon Taiwan gas explosions kill 25, injure 270
      409 19 Officials say toll is expected to rise; cause of explosive gas leaks remains unclear AFP Taipei GAS leaks triggered a series of powerful explosions in the southern Taiwanese city of Kaohsiung, killing at least 25 people and injuring up to 270, officials said
      AFP; PHOTO: AFP  -  409 words
    • Article
      Lock icon Gold smuggling booms after India curbs imports
      460 19 Reuters New Delhi INDIA is scrambling to crack down on a new gold smuggling tactic that it fears could accelerate a flood of illegal imports of the precious metal into the world’s second-biggest buyer. India whose appetite for gold is only rivalled by
      Reuters  -  460 words
    • Article
      Lock icon HKMA buys US$2.07b to maintain dollar peg
      435 19 IPOs, dividends and M&As drive demand for the local currency Bloomberg Hong Kong HONG Kong’s de facto central bank bought US$2.07 billion this week to stop the local currency from strengthening beyond its 31-year-old peg to the greenback. Share listings, dividends and mergers
      Bloomberg  -  435 words
    • Article, Illustration
      Lock icon BOJ chief says economy is still recovering
      446 20  -  But IMF has raised red flags on various areas of performance By Anthony Rowley in Tokyo BANK of Japan (BOJ) governor Haruhiko Kuroda yesterday insisted that the Japanese economy is continuing to recover, despite a recent weakening of consumption and output and a
      446 words
    • Article
      Lock icon Abe to reshuffle Cabinet in early Sept
      238 20 AFP TOKYO JAPANESE Prime Minister Shinzo Abe says he plans to revamp his Cabinet early next month for the first time since taking office, on the back of falling approval ratings. “I want to reshuffle the Cabinet and review the line-up of party
      AFP  -  238 words
    • Briefing
      • Article
        Lock icon Eurozone manufacturing growth less than expected
        90 20 Reuters London EUROZONE manufacturing growth failed to accelerate as expected last month despite factories raising prices, as growing tensions in Ukraine weighed on sentiment, a survey showed yesterday. Markit’s final July manufacturing PMI came in at 51.8, matching June’s reading but below an earlier
        Reuters  -  90 words
      • Article
        Lock icon Indian factory output up in July: HSBC index
        86 20 AFP New Delhi INDIAN factory output surged to a 17-month peak in July, according to a key business survey yesterday, fuelling recovery hopes in Asia’s third-largest economy. The HSBC Purchasing Managers’ Index survey jumped a full 1.5 points to 53.0 last month
        AFP  -  86 words
      • Article
        Lock icon Skymark warns it may go out of business
        82 20 Bloomberg Tokyo SKYMARK Airlines, Japan’s third-largest carrier, said it is at risk of going out of business should it have to pay Airbus Group a penalty after the planned purchase of six A380 superjumbos fell through. The Tokyo-based carrier also said it
        Bloomberg  -  82 words
      • Article
        Lock icon European banks outperform US peers
        122 20 Reuters London BUOYANT equity markets and a surge in corporate debt issues have caused a big-ger-than-expected jump in investment bank fees in Europe, helping Deutsche Bank, UBS, Credit Suisse, Barclays, BNP Paribas and Societe Generale outperform their US peers in the second quarter. The six
        Reuters  -  122 words
      • Article
        Lock icon Procter & Gamble’s profit better than expected
        60 20 Procter Gamble’s profit better than expected Reuters New York PROCTER Gamble, the world’s largest household products maker, reported a better-than-expected quarterly profit as its cost cutting efforts paid off and organic sales rose in its home care business. Net profit attributable to the company rose 37 per cent to US$2.58
        Reuters  -  60 words
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      Lock icon Page 16 Advertisements Column 1
      45 16 HOT PROPERTY Sell wS IS HA 0 L 999vr Poo Iview Brinhf I Mld fln L «*ooSs e r SSSffiSS* APARTMENTS FOR SALE Check this and many other properties in The Straits Times Classified now! THE STRAITS TIMES CLASSIFIED BUY IT SELL IT FIND IT
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8190 21 Transaction date: Aug 1 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 11.5 unch 100 11.5 11.5 11 11.8 6.3 1 14.9 55.1 20 5.1 A-Sonic Aero 8.4 -0.2 1919
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      Lock icon SGX CATALIST
      2102 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 $mil 32.5 23 t 3Cnergy 500 32.5 32.5 39 39 28.5 22 t 800 Super 26.5 +0.5 1 26.5 26.5 26 26.5 3.2 3.8 8.3 47.4
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      Lock icon SECURITIES TRADING SCOREBOARD
      187 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 11 2 0 0 0 1 11 2 Manufacturing 29 65 47 7 10 10 36 75 57 Commerce 7 34 19 2 5 7 9 39 26 Tpt/Stor/Comms 12 25 8
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      Lock icon SECURITIES TRADING TURNOVER
      124 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,905 25,905 76,829 76,829 Manufacturing 276,304 127,959 404,263 98,398 7,400 105,798 Commerce 64,084 54,303 118,387 72,097 4,828 76,924 Tpt/Stor/Comms 210,822 1,024 211,846 150,387 119 150,506 Finance 26,638 761 27,399 343,062 245 343,307 Construction 66,288 24,529
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      798 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jul 28 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Eurosports Global 30-Jul-14 Edward Lee Ewe Ming *Buy 2349 ***** 4.82 ***** 5.70 Intl Healthway Corp 30-Jul-14
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Jul 31 COCOA (£/tonne) Close Prev High Low Sep 14 2019 2004 2021 2003 Dec 14 1989 1978 1990 1975 Mar 15 1946 1941 1947 1934 May 15 1930 1925 1931 1918 COFFEE(US$/tonne) Close Prev High Low Jul 14 2047 2047 2071 2071 Sep 14 2104 2037 2105 2046
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      Lock icon METALS
      66 25 Aug 01 GOLD(US$/oz) Aug 01 Jul 31 Hong Kong 1287.00 1298.00 Jul 31 Jul 30 London 1285.70 1293.87 1286.41 1294.63 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.73 24.96 Source: UOB PLATINUM/ Lon (US$/oz) Jul 31 Close Previous PM Fix 1472.00 1480.00 AM Fix 1476.00 1483.00 Source:
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    • Article
      Lock icon PALM OIL
      57 25 Aug 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2340.0 2357.0 2350.0 2332.0 76 1763 Sep 14 2285.0 2315.0 2317.0 2285.0 3305 ***** Oct 14 2263.0 2284.0 2287.0 2261.0 ***** ***** Nov 14 2259.0 2280.0
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      Lock icon GOVERNMENT SECURITIES
      78 25 Aug 1 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-16 101.14 5-Year NX*****W 2.5 01-Jun-19 105.74 105.90 105.90 10-Year NY*****H 3.000 01-Sep-24 104.5 104.90
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      Lock icon INTERBANK CURRENCY RATES
      155 25 Aug 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1592 1.1606 0.9283 0.9288 Canadian dollar 1.1426 1.1440 0.9155 0.9150 Euro 1.6709 1.6723 1.3381 1.3383 NZ dollar 1.0596 1.0609 0.8486 0.8490 Sterling pound 2.1067 2.1087 1.6871 1.6875
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      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Aug 01 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.188 1.132 Can dollar 1.164 1.120 Euro 1.709 1.628 Sterling pound 2.146 2.064 NZ dollar 1.086 1.045 US dollar 1.272 1.212 Local dollars to 100 units of foreign currency: Currencies Sell
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      Lock icon CHICAGO BOT
      105 25 Jul 31 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 14 1224.50 1220.50 1231.25 1217.50 Sep 14 1099.75 1102.25 1105.75 1094.00 Nov 14 1082.00 1081.25 1087.50 1075.50 Jan 15 1090.25 1089.00 1095.25 1083.50 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Aug 14 36.11 36.05 36.40
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      Lock icon OIL
      68 25 Jul 31 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 105.83 -1.21 WTI (Near Mth) 98.00 -1.89 Dubai (1-Mth F) 104.15 -1.32 Tapis blend 108.06 -1.70 Minas 103.76 -1.70 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.33 -1.39 Jet Kerosene 118.21 -1.39 US$/barrel OpecOil Basket Price 103.57
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      Lock icon LONDON METALS
      72 25 Jul 31 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1978.50 2011.00 3 months 1988.00 2022.00 Copper, Grade A (US$/tonne) Cash 7135.50 7157.25 3 months 7115.00 7125.00 Lead (US$/tonne) Cash 2218.50 2248.25 3 months 2226.00 2260.00 Nickel (US$/tonne) Close Previous Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jul 31 Index Change Change Change Change Change Change World Preliminary 1229.2 -1.1 3.8 -0.9 2.4 -1.1 3.6 EAFE Preliminary 966.7 -0.8 1.1 -0.7 -0.3 -0.9 0.9 Europe Preliminary 1368.5 -1.2 1.0
      373 words
    • STOCK MARKETS
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        Lock icon Straits Times Index
        20 25 YTD change: +5.59% 52-week high: 3,387.84 on July 31,2014 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
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        Lock icon Hang Seng Index
        20 25 YTD change: +5.26% 52-week high: 24,912.22 on July 30,2014 52-week low: 21,137.61 on March 20,2014 Source: Bloomberg
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        Lock icon Shanghai Stock Exchange Composite
        21 25 YTD change: +3.28% 52-week high: 2,270.27 on Sept 12,2013 52-week low: 1,974.38 on March 12,2014 Source: Bloomberg
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        Lock icon Nikkei 225
        19 25 YTD change: -4.72% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 13,188.14 on Aug 28,2013 Source: Bloomberg
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        Lock icon Dow Jones Industrial Average
        26 25 YTD change: -0.08% 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
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  • PERSPECTIVE
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      Lock icon Children of Syria
      1153 26 / 27  -  It’s the children who tell the most compelling stories about Syria’s many wars in one, writes Lyse Doucet SYRIA’S war now well into its fourth year and with no end in sight is having a devastating impact on the lives of the country’s children. Tens of thousands
      PHOTO: REUTERS  -  1,153 words
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      Lock icon Giving World Cup even more bite with technology
      685 26 / 27  -  By Faisal Rafi ~The writer is managing director for Xchanging Singapore Technology has been at the bottom of the league when it comes to football, revealing a surprising resistance to the pull of the digital age. Competitive games such as cricket, snooker
      PHOTO: AFP  -  685 words
  • Page 26 / 27 Miscellaneous
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      332 26 / 27 SATURDAY with Ludwig I’d like a salad... but pretend you’re sold out and give me braised pork knuckles instead.’ CRYPTIC CROSSWORD Across 1 Reject moderate volume (4,4) 5 Easy listening with Neddy Marsh (6) 9 Again evaluate score, as session is gripping (8) 10 Meal with father, splitting leftovers (6)
      332 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Pimco funds making way back on top
        1034 28 / 29  -  But none of the investment firm’s top performing funds are managed by CIO Bill Gross. By Charles Stein and Mary Childs By Charles Stein, Mary Childs Bloomberg BILL Gross promised in May that funds managed by his Pacific Investment Management Co (Pimco) would
        Bloomberg; PHOTO: REUTERS  -  1,034 words
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        Lock icon BROKERS’ TAKE
        793 28 / 29  -  Compiled by Joyce Hooi OSIM International Buy OCBC Investment Research Aug 1 Close: S$2.85 Q2 2014 results within our expectations. OSIM International Ltd (OSIM) reported 2Q14 results which came in within our expectations. Revenue rose 10.4 per cent y-o-y to S$182.7 million, while Patmi jumped by 13.1 per
        793 words
    • WEALTH REAL ESTATE
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        Lock icon Househunt
        1023 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUN 18 AND 24, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 12 Non-landed Balestier Twr Apt 18/06/2014 FH 1109 1552 1400 Balestier Twr Apt 24/06/2014 FH 1410 2608
        1,023 words
      • Article, Illustration
        Lock icon Frasers Centrepoint unveils huge, new mall
        411 31  -  Scheduled to be completed by 2018, Northpoint City will be the property firm’s largest mall in northern Singapore By Lee Meixian leemx@sph.com.sg @LeeMeixianBT AS early as September last year when Frasers Centrepoint made a stunning S$1.4 billion bid for a prime Yishun plot and
        411 words
      • Article
        Lock icon HK developers’ H1 profits rebound as sales pick up
        665 31 Reuters Hong Kong HONG Kong property developers, recently vexed by a spate of government tightening measures, saw their earnings rebound in the first half thanks to robust demand. Analysts are pencilling in a sustained sales pick-up for the rest of the
        Reuters  -  665 words
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      102 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE UNIQUE ASYMMETRIC STYLING OF THE AUDEMARS PIGUETMILLENARY COLLECTION HAS TRANSFORMED THE WAY DESIGN ENGINEERS DEVELOP CALIBRES. THIS TRIDIMENSIONAL MOVEMENT COMBINES PERFORMANCE AND CHRONOMETRYWITH HAUTE HOROLOGY MICRO-DETAILING. IN THE TRANSVERSAL BALANCE-BRIDGE, OPTIMUM SHOCK-RESISTANCE IS COMBINED WITH THE ELEGANCE OF THE CÔTES
      102 words
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      56 1 LivingBTTHE BUSINESS TIMES WEEKEND AUGUST 2 3 2014 TAKING LOCAL DESIGNS GLOBAL Local makers tap online retail platforms L2-5 MOTORING Classier C L14 HEALTH Pamper your locks L11 PHOTO: HAPPY RABBIT CO STYLE Pinnacle of luxury L7 SPORTS C’wealth Games’ uncertain future L16 DINING Click for lunch CBD L8-9 TRAVEL
      56 words
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  • BT Living
    • DESIGN
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        Lock icon Taking local designs global
        3413 2 / 3  -  BT Weekend talks to some local makers who get international exposure for their products and designs through online retail platforms such as Etsy and Naiise By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT By Rachel Loi rachloi@sph.com.sg @RachelLoiBT By Georgine Verano gverano@sph.com.sg IT IS no secret that Singaporeans
        PHOTO: BAMBOOBEE; PHOTOS: HAPPY RABBIT CO; PHOTOS: LEE XIN LI; PHOTOS: SIBEI AUTHENTIC; PHOTOS: JERALD LIM; PHOTOS: ROUGH BEAUTY; PHOTOS: O WITH DOUBLE DOTS; PHOTOS: ZULKIFLE MAHMOD  -  3,413 words
    • STYLE
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        Lock icon High art&craft
        1298 6  -  As the most successful brands in the world cater more than ever to society's uppermost echelons, Louis Vuitton's CEO explains a strategy of hyper-exclusivity and craftsmanship to drive astronomical sales. By May Yip By May Yip MICHAEL Burke may head one of the world’s largest luxury brands, but
        1,298 words
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        Lock icon Pinnacle of luxury
        860 7  -  Bulgari CEO Jean-Christophe Babin wants to make his company the most desired luxury brand in the world, driven by extraordinary jewellery and watches. By Tay Suan Chiang taysc@sph.com.sg ONE is worn on the wrist to tell time, while the other is worn on other parts of the
        PHOTOS: BULGARI  -  860 words
    • DINING
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        Lock icon CLICK FOR LUNCH @ CBD
        1856 8 / 9  - CLICK FOR LUNCH CBD They’re young, they’re hungry and they’re turning to technology to help solve the age-old headache of queuing for food. Debbie Yong speaks to three new tech start-ups looking to feed the CBD lunch crowd Debbie Yong debyong@sph.com.sg @DebbieYongBT Lunchbox Z*****158 www.lunchbox.sg PITY the poor office administrator
        1,856 words
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        Lock icon Living the dream
        1553 10  -  Dan Hunter believes that good food starts not with the seed, but with the soil. By Debbie Yong guest chef By Debbie Yong debyong@sph.com.sg @DebbieYongBT DON’T ask Dan Hunter to define Australian cuisine, things may get touchy. “Australia is a huge continent, not just a country. The
        1,553 words
    • HEALTH
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        Lock icon Pamper your locks
        873 11  -  Trichological treatment is now a necessity in the working professional’s stressful lifestyle. By Cheah Ui-Hoon uihoon@sph.com.sg SPENDING three hours at a hair spa sounds like an impossible luxury, especially if you’re a busy professional. Working women with young families are even more strapped for time, one would
        PHOTO: PHS SALON  -  873 words
    • TRAVEL
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        Lock icon The 2 faces of Switzerland
        1170 12 / 13  -  In a trip to the land of cheese, chocolate and clocks, Lee Meixian catches a glimpse of life in the bucolic Appenzell Alps as well as in faster-paced Zurich Lee Meixian leemx@sph.com.sg @LeeMeixianBT APPENZELL THIS sleepy Swiss hamlet, set amidst the impossibly lush landscape of
        PHOTOS: SWITZERLAND TOURISM, LEE MEIXIAN  -  1,170 words
    • MOTORING
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        Lock icon CLASSIER C
        661 14  -  The new Mercedes-Benz C-Class is positioned higher up the luxury scale. By Samuel Ee samuelee@sph.com.sg I F you like how the new Mercedes-Benz C-Class has moved upmarket, it’s not the competition you have to thank. Rather, look inhouse to the CLA-Class. With the introduction of the latter and
        661 words
      • Article, Illustration
        Lock icon Electric city
        784 15  -  Singapore will get to experience true electric mobility with the introduction of the BMW i3. By Samuel Ee By Samuel Ee samuelee@sph.com.sg EXCITING, revolutionary, visionary all these words aptly describe the BMW i3 electric vehicle not only for the way it is designed and built, but also for
        784 words
    • SPORTS
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        Lock icon Commonwealth Games’ uncertain future
        862 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent IT’S a question that is raised every four years whenever the Commonwealth Games rolls around. Does anyone really care? Granted, this sporting event doesn’t quite have the grandeur of the Summer Olympics or the mass appeal of the
        PHOTOS: AFP  -  862 words
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      85 11 ucr Preserving Health and Longevity HEART, STROKE CANCER CENTRE Worried about v» i A finch? M CT Coronary Angiogram at $399 call (+65) 6881 8811 for YOUR APPOINTMENT TODAY The abovementioned price is not inclusive of CT IV contrast. Kindly present this during your visit. HEART, STROKE CANCER CENTRE 290
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      878 12 / 13 wine dine with BTWeekend Marina Mandarin Singapore 6 Raffles Boulevard Celebrate Formula One at Marina Mandarin Feel the adrenaline rush of the Formula One (F1) Grand Prix during your stay at Marina Mandarin. F1 packages are available from $850++ per room per night with complimentary internet access. Rooms with track
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