The Business Times, 5 August 2014

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Microfilm: NL33221
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, August 5, 2014
    25 words
  • Article, Illustration
    Lock icon July PMI uptick raises hopes for a better H2
    685 1  -  Economists are surprised by better-than-expected figures but have misgivings about actual outcomes By KELLY TAY By kellytay@sph.com.sg @KellyTayBT [SINGAPORE] An early indicator of manufacturing performance has sparked hopes for a better second half albeit with caveats after a gloomy second quarter.
    Source: Singapore Institute of Purchasing & Materials Management  -  685 words
  • Article, Illustration
    Lock icon Free calls from today: thanks to app by S’pore startup
    954 1  -  With nanu, Gentay hopes to end telco dominance for good By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT [SINGAPORE] Nanu, “the world’s first and a revolutionary mobile call app that’s completely free and works anywhere”, is available for download worldwide starting from today,
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,318.40 (-26.02) HST INDEX FUTURES 3,298.00 (-16.00) HSIMSCI 378.15 (-3.76) HSIMSCI FUTURES 376.10 (-1.60) US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.683 2.098 EURO (US$/S$/€ 1.343 1.674 Foreign currency per US$ S$ YEN 102.60 82.30 RM 3.201 2.568 HK$ 7.750 6.217 BAHT 32.15 25.79 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Monday Change KL COMP 1,875.80 +12.46 NIKKEI 225 15,474.50 -48.61 HANG SENG 24,600.08 +67.65 SET INDEX 1,519.38 +19.18 JAKARTA COMP 5,119.25 +30.44 MANILA COMP 6,998.37 +104.14 SEOUL COMP 2,080.42 +7.32 SHENZHEN B 930.73 +5.49 MUMBAI IND 25,723.16 +242.32 12 noon EDT Change DOW 16,482.16 -11.21 NASDAQ 4,364.50 +11.86
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG TAIWAN INDONESIA JAPAN TAIWAN 5.036 JAPAN 1.475 CANADA 9.33 SWITZERLAND 0.50 US Source: Bloomberg
      22 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Premature to lift property cooling measures, says Khaw Boon Wan
      517 2  -  YESTERDAY IN PARLIAMENT By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] Minister for National Development Khaw Boon Wan reiterated yesterday in parliament that it is premature to relax property cooling measures given the current market conditions. Lifting the measures now could, in
      517 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      385 2 July PM I uptick raises hopes for H2 BUOYED by an increase in new orders and higher production and inventory levels, Singapore’s latest purchasing managers’ index rose 51.5 in July. FRONT PAGE Free calls, thanks to app by S’pore firm NANU, a revolutionary mobile call app that’s free
      385 words
    • Article
      Lock icon Lui Tuck Yew: Not possible for S’pore carriers to avoid every hotspot
      553 2  -  They must make judgment call after considering national, global advisories By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] It is not possible for Singapore carriers to avoid flying over every conflict area in the world, as this would mean limiting
      553 words
    • Article, Illustration
      Lock icon Transboundary haze: Onus on suspected culprits to prove innocence
      688 2  -  By LEE U-WEN By leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] Companies fingered for causing haze pollution in Singapore will have to prove their innocence or face severe penalties under a new law the government is trying to push through. Speaking in Parliament yesterday, Environment
      THE STRAITS TIMES FILE PHOTO  -  688 words
    • Article
      Lock icon Slide in assets value not a draw on reserves: Tharman
      536 2  -  Instead, Constitution guards against actions that cause ‘systemic erosion’ of reserves By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] A decline in investment returns or a drop in the market value of assets in the course of market cycles is not considered
      536 words
    • Article, Illustration
      Lock icon Japan, China in informal talks to resolve island spat: reports
      745 4  -  Ex-PM Yasuo Fukuda reportedly met Xi Jinping to broker rapprochement By ANTHONY ROWLEY in Tokyo JAPANESE media reported yesterday that former prime minister Yasuo Fukuda had met in secret with China President Xi Jinping in Beijing recently, fuelling speculation that
      PHOTOS: BLOOMBERG, AFP  -  745 words
    • Article, Illustration
      Lock icon Controversial toll hikes: what’s in it for builder MRCB?
      626 4  -  Both company and Putrajaya stay mum on monies’ fate By PAULINE NG in Kuala Lumpur WILL higher toll rates related to the Eastern Dispersal Link expressway (EDL) in Johor be channelled to concessionaire Malaysian Resources Corp Bhd (MRCB) or will the
      PHOTO: AZAHAR MOHAMED/BERITA HARIAN  -  626 words
    • Article
      Lock icon Impact of commission-free life insurance policies on earnings unclear: Fitch
      387 4  -  But the scheme is credit positive for the industry By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT [SINGAPORE] The move towards commission-free life insurance in Singapore could boost the access of such products to consumers in the lower and mid-dle-income segments living in
      387 words
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      78 3 Commemorating James Cameron's historic solo dive: THE ROLEX DEEPSEA D-BLUE DIAL EDITION Y, I I ui EL <o7 t o X UAL DA PERP S3 rj DEEPSEA SEA-DWELLER *****^3900/77 SUPERLATIlga«HRONOMETER OFFICIA^CERTIFIED -//A yx<s'-. MAP 6 Swis. □t rrm FROM BRILLIANT BLUE TO BOTTOMLESS BLACK, ITS TWO-COLOUR GRADIENT DIAL CELEBRATES ONE
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon DBS among first to offer yuan forex options in China
      580 5  -  Bank’s China unit completes a series of such transactions for corporate clients By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT DBS Group Holdings is among a group of banks that have made first moves to execute new yuandenominated derivative transactions for Chinese clients,
      PHOTO: BLOOMBERG  -  580 words
    • Article, Illustration
      Lock icon JP Morgan downgrades UOB to ‘underweight’, cuts target price
      346 5  -  By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT JP MORGAN has cut its rating on the stock of United Overseas Bank (UOB) to “underweight” from “neutral” on the grounds that its outlook is clouded by tighter regional liquidity, poorer asset quality and lack of
      ST FILE PHOTO  -  346 words
    • Article
      Lock icon PLife Reit scouring region for new opportunities
      568 5  -  DPU rises 10.2% to a record 2.9 S’pore cents for Q2 By LYNETTE KHOO By lynkhoo@sph.com.sg @LynetteKhooBT PARKWAY Life Reit (PLife Reit), which hit a quarterly record high in distribution per unit (DPU) for fiscal second quarter, is actively seeking new opportunities in
      568 words
    • Article
      Lock icon ARA Asset’s Q2 earnings up 36% as revenue rises 17%
      537 6  -  It plans to launch billion-dollar fund before year’s end, says group CEO By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT ARA Asset Management’s net profit for its second quarter ended June 30 rose 36 per cent to S$20.8 million, while its revenue climbed
      537 words
    • Article
      Lock icon GLP takes 15% stake in China state-owned firm
      376 6  -  It invests 2b yuan for stake in warehouse logistics provider By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT GLOBAL Logistic Properties (GLP) has invested two billion yuan (S$403 million) for a 15 per cent stake in China’s largest stateowned warehouse logistics provider as part of
      376 words
    • Article
      Lock icon Blumont shares take another hard knock after profit warning
      283 6  -  B)’ LYNETTE KHOO |ynl<hoo@sph.com.sg @LynetteKhooBT SHARES of Blumont continued to slide following its recent profit warning, diving 12.5 per cent to 4.2 Singapore cents yesterday in active trading. At market close, more than 36 million shares changed hands. The investment holding
      283 words
    • Article
      Lock icon HK banks hiring traders to tap Dim Sum market
      298 6 IFR [HONG KONG] Despite the weak outlook for global fixed-income trading, investment banks in Hong Kong are hiring more credit traders to take advantage of the thriving market for Greater China debt. Several local and international firms say they are devoting
      IFR  -  298 words
    • Article
      Lock icon SembMarine Q2 profit up 5.4% at S$131.6m
      541 9  -  Improvement is due to stronger rig building and fixed platform results By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT SEMBCORP Marine yesterday posted a 5.4 per cent increase in second-quarter net profit to S$131.6 million, from S$124.9 million a year ago, due to higher profit contribution
      541 words
    • Article, Illustration
      Lock icon Thumbs up for Singapore Reits
      342 9  -  Moody’s forecasts sector’s Ebitda will grow by 4% in 2014 By MINDY TAN tanmindy@sph.com.sg @MindyTanBT RATINGS agency Moody’s says the outlook for Singapore’s real estate investment trust (Reit) sector is stable, backed by a healthy operating environment and manageable refinancing risk. While funding costs are
      ST FILE PHOTO  -  342 words
    • Article
      Lock icon German office Reit with Chinese backer to raise S$369m in IPO
      373 9  -  By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT SINGAPORE’S first listed real estate investment trust (Reit) with office assets in Germany is set to make its debut this month with a S$369 million initial public offering that is heavily backed by a
      373 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      918 9  -  Compiled by ANDREA SOH Mencast Holdings Aug 4 close: S$0.505 DMG Partners, Aug 4 MENCAST’S core earnings (excluding forex) of S$6.4 million came on the back of higher revenues from all three business segments. Q214 gross margin ticked up to 28.3 per cent from 27.5 per cent a
      Source: Bloomberg  -  918 words
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      301 5 SIM siMl^ PROFESSIONAL 1 w 1 DEVELOPMENT Fulfilling Aspirations SIM 50 th ANNIVERSARY LEARNING SERIES www.sim.edu.sg AML ANNUAL MANAGEMENT LECTURE 33 rd SIM ANNUAL MANAGEMENT LECTURE SENIOR MANAGEMENT SEMINAR Be a Disrupter in your organisation NOW! DISMITTIVE INNOVATION influential Management Thinker trlAYTOlU CHWSTENSEW SCOTT D. ANTHONY Managing Partner of Innosight
      301 words
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      175 6 1*3 1CTIVA MEDIA The race to the top is won by our passion for taking businesses to new heights o UA gle o Go 7 nr i V I r: v r. > S’ > r r V >/ 2 > •Ss Our award-winning team of thought leaders and digital
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      1461 7 SUBSCRIBENOW! 8.0% Yield Projection Year 2015(1) BONN CAMPUS MÜNSTER CAMPUS 100% Freehold Assets Singapore’s First Pure-play REIT with Office Assets in Germany DARMSTADT CAMPUS CONCOR PARK (MUNICH) (a real estate investment trust constituted on 1 November 2013 under the laws of the Republic of Singapore) Managed by IREIT Global Group
      1,461 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI extends losses on weakness in Wall St
      646 8  -  Index drops 26 points to 3,318.41, with the biggest declines coming from banking stocks STOCKS ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent BIG falls in US equities plus rising tension between Russia and the West proved enough of a buzz kill for the
      Source: Bloomberg  -  646 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 4 VALUE CLOSE BT OB/OS -630.00 -250.00 BT CADI -*****.00 -274.00 BT 10-day MA -*****.00 -63.00 FTSE ST Mid Cap 773.02 -3.61 FTSE ST Small Cap 552.29 -6.00 FTSE ST All Share 806.58 -6.07 FTSE ST China Top 198.15 -1.31 FTSE ST China 228.26 -1.68 FTSE
      77 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 11 3 0 0 0 1 11 3 Manufacturing 23 89 41 4 17 9 27 106 50 Commerce 14 34 21 4 11 4 18 45 25 Tpt/Stor/Comms 7 27 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,941 25,941 75,203 75,203 Manufacturing 336,676 242,872 579,548 89,323 10,728 100,051 Commerce 102,178 72,420 174,598 67,511 4,030 71,541 Tpt/Stor/Comms 110,255 1,877 112,132 133,548 207 133,756 Finance 24,612 1,571 26,183 191,777 507 192,284 Construction 45,340 189,161
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      119 8 Stock name Close Change Ascendas Reit 2.310 CapitaLand 3.400 -0.030 CapitaMall Trust 1.955 -0.015 CityDev 10.270 -0.120 ComfortDelGro 2.580 +0.020 DBS Grp 18.120 -0.190 Genting Sing 1.335 Global Logistic 2.800 Golden Agri-Res 0.530 -0.005 HPH Trust USD 0.695 -0.020 HongkongLand USD 6.930 JMH 400 USD 59.550
      119 words
    • Article, Illustration
      Lock icon Yen, major European units steady against dollar
      570 8 CURRENCIES Reuters [LONDON] The yen and Europe’s major currencies were steady against the dollar yesterday and well off last week’s lows after investors used Friday’s robust but lower-than-forecast US jobs report to rebase after three weeks of gains. The euro was holding most
      Reuters; PHOTO: BLOOMBERG  -  570 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME Charisma Energy 175,833,000 Polaris 150,492,000 APAC Strategic 97,472,000 Advance SCT 69,071,000 IHC 61,218,000 Amplefield 40,329,000 Blumont 36,862,000 Xpress 33,411,000 Tritech Group W*****9 32,327,000 JES Intl 29,712,000 VALUE($) UOB 72,322,681 DBS Grp 70,051,910 CapitaLand 56,341,221 SingTel 48,157,040 Global Logistic 47,365,346 Keppel Corp 43,362,926 OCBC Bank 27,967,690 Ezion
      59 words
    • Article
      Lock icon RISES
      119 8 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 296.7 1.8 DBXT iBoxxUSTr 5US$ ***** 134.6 0.5 Lyxor Indonesia10US$ 9382 124.7 1.1 GLD 10US$ ***** 123.4 0.8 IS S&P500 ***** 120.9 0.5 DBXT AUD Bonds 5AU$ ***** 96.4 0.4 Lyxor AsiaIT 10US$ 3884 92.3 1.9 DBXT AUDCS 5US$ ***** 86.0
      119 words
    • Article
      Lock icon FALLS
      131 8 BY CENTS CLOSE DOWN DBXT MSEurope 10US$ 6048 -32.4 -0.4 UOB 2294 -24.0 -1.0 DBS Bk 4.7% NCPS 100 ***** -19.0 -0.2 DBS Grp 1812 -19.0 -1.0 SingTel 100 384 -17.0 -4.2 SingTel 10 386 -15.0 -3.7 SPDRS S&P 500 10US$ ***** -15.0 -0.1 SingTel 387 -14.0 -3.5 IS
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    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 8 DAILY
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      123 8 MY DOLLAR WORKS HARDERTRADING SHARE CFDs WITHIG" 9987 -25 TRADE MORE WITH 0.1% COMMISSION AND MARGINS FROM 10% Use Contracts for Difference (CFDs) to trade on thousands of shares, whether they're rising or falling. Leverage your trades with our low margin rates to make your capital work harder. Find out
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      229 9 Be Different. ashridce We are m mm h 3 /kr When you embark on the Ashridge EMBA, you will discover how to find real answers to the real challenges that you will face in business today. This EMBA is the real thing. The real EMBA. N Executive Masters in Business
      229 words
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  • FUTURE OF SERVICE
    • Article, Illustration
      Lock icon New threats, new opportunities
      956 10  -  Firms in the service industry need to innovate and adopt fresh business models, say observers. YONGreports CAI YONG caiyong@sph.com.sg SINGAPOREAN firms have it easy, given the strength of our regulatory system, said Rajendra Srivastava, provost and deputy president of the Singapore Management University (SMU), at the
      956 words
    • Article, Illustration
      Lock icon Retaining human touch vital for businesses
      1005 10 Shortage of manpower causing a lot of issues, adds Elim Chew BUSINESSES must make sure they retain the human touch even with the current manpower crunch, said Elim Chew, founder and president of 77th Street. She added: “It’s really, I think, the shortage of
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    • Article, Illustration
      Lock icon Providing a one-of-a-kind hotel experience
      602 10 HOTELS must work to offer customers a unique experience, according to Marc Dardenne, chief executive officer at Patina Hotels and Resorts. In the past, luxury hotels had prided themselves in the uniformity of the service experience the goal was to offer the same quality of
      602 words
    • Article, Illustration
      Lock icon A more active role for customers
      917 11  -  The shift to a co-production model will change the relationship between consumers and service providers in future. CAI YONG reports YONGreports CAI YONGreports caiyong@sph.com.sg IN the future, customers will play a greater role in shaping the service they receive. The shift to such a
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    • Article, Illustration
      Lock icon Meeting greater expectations of service standards
      948 11 Customers must no longer be viewed as individuals, but as communities: don CUSTOMERS of today are more demanding than ever before. Firms must know when to stand their ground even as they strive to meet these needs. The modern customers have been spoilt by
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Newly acquired Boncafé paves way for Italian group
      429 12  -  Italy’s Massimo Zanetti to tap Boncafé’s SE-A knowledge COFFEE BUSINESS By AMANDA EBER aeber@sph.com.sg HOMEGROWN gourmet coffee roasters Boncafé will work with Italy’s Massimo Zanetti Beverage Group (MZBG) to tap the growing trend of coffee consumption in Singapore and South-east Asia, after
      PHOTO: ARTHUR LEE  -  429 words
    • Article
      Lock icon Coffee Bean & Tea Leaf expands to Japan
      259 12 Coffee Bean Tea Leaf expands to Japan THE Coffee Bean Tea Leaf has signed an exclusive area-develop-ment agreement with developer L.A. Style to introduce its line-up of beverages to Japanese consumers. The first store is expected to be launched by year’s end; the plan is to open 200 outlets across
      259 words
    • Article
      Lock icon S’pore a vital market for Bosch’s new technologies
      271 12  -  By CAI YONG caiyong@sph.com.sg SINGAPORE contributed just S$227 million to Bosch’s total sales of S$18.3 billion in the Asia-Pacific last year. But the island state is viewed to be an important market to showcase its emergent technologies, the company said in a
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    • Article, Illustration
      Lock icon Claire Chiang is head of Book Council
      281 12 CLAIRE Chiang, senior vice-president of Banyan Tree Holdings, has been appointed the new chairwoman of The National Book Development Council of Singapore (NBDCS). She is the first corporate head to helm the council since its establishment as a non-profit charitable organisation in 1969
      281 words
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      77 12 I i x Fine Diners Eat, drink and be merry with Hsueh Yun and Ah Yoke as they tell you where to go for a great meal. Read their reviews in Life!, SundayLife! anclin the SoShiok app. SvT f 1 V Tan Hsueh Yun Food Editor V Wong Ah Yoke
      77 words
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  • DBS ASIAN LEADERS INSIGHTS
    • Article, Illustration
      Lock icon Breaking ground in the Big Apple
      1455 13  -  Nearly 25 years after starting his career in New York, architect Chan Soo Khian is set to make his mark on the world’s most famous metropolis, FRANCIS KAN reports reports FRANCIS KAN CHAN Soo Khian is scurrying around his sleek shophouse office off Keong
      1,455 words
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      93 13 Pr \Oc\ky^ (a-> 'XU OJmAU iKS.'<A,UVC 0o*4k v^ k_ j°°x i s b&s-f~ ieJn 'Wlk Lim Say Boon Chief Investment Officer DBS Private Bank Best Private Bank, Singapore 2014, Euromoney, FinanceAsia and The Asset Best Private Bank, Singapore 2013, Professional Wealth Management/The Banker Start a conversation with us at +65
      93 words
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  • SME Inc
    • Article, Illustration
      Lock icon In Love With Food, hungry for success
      1474 14  -  Singaporean founder of American food subscription service tells CHAN YI WENthe challenges she faced launching her startup in the US CHAN YI WEN American food subscription service, Love With Food, was officially established in the fall of 2011, but founder Ong Ai Hui
      1,474 words
    • Article, Illustration
      Lock icon US market’s draw lies in its sheer size
      1359 15  -  Video production studio Moving Bits offers clients 24-hour service as a way to keep American competitors at bay, reportsCHAN YI WEN reportsCHAN reportsCHAN YI WEN Homegrown video production studio Moving Bits finds up to 80 per cent of its business here in
      1,359 words
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      64 14 Flexible working Investment opportunities for your property thi ■0 ■JR Maximise the potential of your property by becoming part of the world’s largest flexible workspace network. We’re interested in a whole range of space, including traditional office buildings but a lot more besides from the CBD to retail parks, shop
      64 words
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      162 14 =BBS 1 IS SS:' =E8i= M I SEMINAR TOPICS SPEAKERS w Private Residential Market in 2H2014 to 2015 Is further price cut expected? Alan Cheong Senior Director (Research Consultancy), Savills Penang Second Bridge Mainland Development: What opportunity does it present to investors? Dr. Jason Ieoh Director, Henry Butcher Malaysia (Penang)
      162 words
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      16 15 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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      2 15 Biizz'TalRl iSitff
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      150 15 YEARS of BUSINESS EXCELLENCE Productivity, Innovation Growth FUTURE READY ii The BE framework helped us to transform our long-term business strategy. We became more forward-looking and thought about how our business would be affected by market and technological trends, thus allowing us to stay ahead of competition and achieve sustainable
      150 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sian banks compete for low-cost funds
      678 16 CIMB’s FD rate hike may set off another round of competition: analyst [PETALING JAYA] Malaysian banks are racing to increase their stash of deposits amid concerns over rising loan-to-deposit (LD) ratios. This comes after CIMB Group Bhd, the second largest lender, increased its fixed
      PHOTO: REUTERS  -  678 words
    • Article
      Lock icon Indonesia posts US$305m trade deficit in June
      221 16 Reuters [JAKARTA] Indonesia’s trade balance in June slipped back into deficit, as expected, after May’s slim surplus, the statistics bureau said yesterday. Official data showed there was a deficit of US$305 million in June, compared with a revised US$60 million surplus in May.
      Reuters  -  221 words
    • Article, Illustration
      Lock icon Bumi Resources weakest of 4 Indonesian coal miners
      642 16 Bloomberg [SINGAPORE] PT Bumi Resources doesn’t have enough cash to meet more than US$1 billion of obligations within the coming 18 months, making it the weakest of four coal miners in Indonesia, according to Moody’s Investors Service. The Jakarta-based company is highly
      Bloomberg; PHOTO: BLOOMBERG  -  642 words
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      1625 16 THE BUSINESS TIMES Ik 1 f 1 Toll free 1800-289-8822 I fl I I Email notices@sph.com.sg B i j L J www.sphclass.com.sg/notices POPULAR HOLDINGS LIMITED (Company Registration No. *****7187M) (Incorporated in The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of
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      466 16 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF LIAN BENG-WAN CHUNG JV PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****8549K NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND HELD AT 212
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon Big PBOC loan a form of monetary easing
      975 17 Analysts say 1t yuan loan to CDB for subsidised lending is to shore up growth Bloomberg [BEIJING] A Chinese central bank loan that’s almost the size of the US bailout of American International Group has spurred speculation that policy makers have adopted
      Bloomberg; PHOTO: REUTERS  -  975 words
    • Article
      Lock icon China drops Symantec from list of software suppliers
      503 17 Russia’s Kaspersky Lab also excluded: report Reuters [BOSTON] China has excluded US-based Symantec Corp and Russia’s Kaspersky Lab from a list of approved anti-virus software vendors, according to a Chinese media report suggesting Beijing is expanding efforts to limit use of foreign
      Reuters  -  503 words
    • Article, Illustration
      Lock icon Chief of Indian bank arrested over bribery allegations
      234 17 AFP Bloomberg [NEW DELHI] Indian police have arrested the chairman of the state-run Syndicate Bank over allegations that he took bribes in exchange for loan extensions to private companies, a law enforcement official said. The Central Bureau of Investigation (CBI) arrested Sudhir
      AFP; Bloomberg; PHOTO: BLOOMBERG  -  234 words
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      1972 17 THE BUSINESS TIMES Ik ~Ty^\ r I 1 M I 1 Toll free 1800-289-8822 I fl I I Email notices@sph.com.sg B i j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 RACHPORE INVESTMENT PTE. LTD. (Singapore Co. Reg. No. *****5689E) (In Members’ voluntary Liquidation) NOTICE OF
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  • WORLD
    • Article
      Lock icon Half-trillion-dollar exodus magnifies US bill shortage
      644 18 US govt among those seen gaining from making money market funds safer Bloom berg [NEW YORK] One of the biggest winners in the push to make money-market funds safer for investors is turning out to be none other than the US government. Rules adopted
      Bloomberg  -  644 words
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      Lock icon Microsoft and IBM lead Q2 jumps in cloud revenue
      719 18 But with US$962m revenue, Amazon is still way ahead NYT [NEW YORK] The latest quarterly reports from technology companies and market research show that two of the fastest movers in the emergent cloud business are the incumbent giants of traditional software,
      NYT; FILE PHOTOS: SPH, BLOOMBERG  -  719 words
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      Lock icon Buffett sticking to ‘fat pitch’ even as Berkshire cash tops US$50b
      786 20 He’ll buy only when acquisition promises favourable returns Bloomberg [NEW YORK] Warren Buffett has never had so much money to spend. Cash at his Omaha, Ne-braska-based Berkshire Hathaway Inc rose past US$50 billion at the end of June, the
      Bloomberg; BLOOMBERG FILE PHOTO  -  786 words
    • Article, Illustration
      Lock icon Revenue should rebound in 2015, says HSBC chief
      569 20 Strengthening economic growth, rising rates should help bolster results Bloomberg [LONDON] HSBC Holdings plc chief executive officer Stuart Gulliver said that strengthening economic growth and rising interest rates should help bolster revenue next year after Europe’s biggest bank reported weaker first-half profit.
      Bloomberg; PHOTO: BLOOMBERG  -  569 words
    • Article
      Lock icon Japan wants to wrest back influence in Brazil
      605 20 Abe signs deals in bid to regain lost ground to China Bloomberg [RIO DE JANEIRO] In the 1950s, Japan helped Brazil establish industries such as steelmaking and initiated key purchases of Brazilian iron ore. Now, it is seeking to regain influence in
      Bloomberg  -  605 words
    • Article
      Lock icon Troubled Portuguese bank to be split up in rescue
      508 20 NYT [NEW YORK] The troubled lender Banco Espirito Santo will be shut down, and its healthy businesses transferred to a new bank, as part of a 4.9 billion-euro (S$8.2 billion) rescue plan financed primarily by the Portuguese government, European and Portuguese
      NYT  -  508 words
    • Article, Illustration
      Lock icon Hedge funds target small, mid-cap firms
      637 22 Research cutbacks by big players offer investment opportunities Reuters [LONDON] As Europe’s big investment banks and brokerages scale back their research efforts, particularly towards small and mid-sized companies, some hedge funds and other specialist players spy an opportunity. If the major players aren’t ferreting
      Reuters; PHOTO: AFP  -  637 words
    • Article, Illustration
      Lock icon KKR ups bid to US$3.15b for Penfolds owner
      645 22 Bidding war likely as winemaker opens books with new bid Reuters [SYDNEY] Australia’s Treasury Wine Estates is opening its books to Kohlberg Kravis Roberts Co after the private equity giant hiked its takeover offer to US$3.15 billion, raising the prospect of a
      Reuters; PHOTO: REUTERS  -  645 words
    • Article
      Lock icon The rise of Big Data in wealth management
      424 22 NYT [MOUNTAIN VIEW, California] Some of the engineers who used to help the CIA solve problems have moved on to another challenge: determining the value of every conceivable investment in the world. Five years ago, they started a company called Addepar, which
      NYT  -  424 words
    • Article
      Lock icon Paris wins allies to fight US bank fines at G-20
      255 22 Reuters [PARIS] France has gathered support to challenge recent heavy US penalties on foreign banks at a G-20 meeting of world leaders later this year, the Financial Times reported yesterday. US authorities fined French bank BNP Paribas a record US$8.9
      Reuters  -  255 words
    • Article
      Lock icon German govt firm on tax system
      371 22 Reuters [BERLIN] The German government yesterday rejected calls from within the ruling coalition to adjust the tax system before the next election in 2017 so that people’s pay rises are not wiped out when they are pushed into higher tax brackets. Unlike major economies
      Reuters  -  371 words
    • Article
      Lock icon Western Areas sees strong bids coming for its nickel
      326 22 Reuters [KALGOORLIE] Australia’s no 3 nickel miner, Western Areas, said yesterday a ban by Indonesia of nickel ore exports was helping stoke strong interest in a tender it is planning for future concentrate sales. With the ban starting to pinch world
      Reuters  -  326 words
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  • BUILDING A NATION: TODAY
    • Article, Illustration
      Lock icon Innovative solutions for a variety of needs
      1797 19  -  Good governance and an integrated approach to planning have enabled S’pore to become a First World Nation in just a few decades. MINT KANG reports KANGreports MINT KANGreports WHAT makes a liveable city? It must fulfil the human spirit, said Prime Minister Lee
      PHOTOS: PSA, SURBANA INTERNATIONAL CONSULTANTS  -  1,797 words
    • Article, Illustration
      Lock icon A landmark in water management
      417 19 ONE of today’s great landmarks in Singapore’s water strategy is none other than the Marina Barrage. The barrage’s history goes back more than two decades: as far back as 1987, then-Prime Minister Lee Kuan Yew had raised the possibility of some day damming the river
      PHOTO: PUB, THE NATIONAL WATER AGENCY  -  417 words
  • Page 19 Advertisements
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      105 19 "CAN WE MAKE BIG CITIES FEEL NOT SO BIG?" As cities get bigger, they get harder to manage. That's why we've developed new information technologies that collect and analyse Big Data on so many things that touch people's lives. For instance, if you know how many cars are on the
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  • Page 20 Advertisements
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      46 20 HOT PROPERTY Most Immed A 3 m yj office /f fo r ?i S 5ner decor view. Nice loo 210 B 0K cm <MRT > FOR RENT 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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  • Page 21 Advertisements
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      140 21 GET THE STRAITS TIMES ON THE GO WHEREVER YOU ARE. SUBSCRIBE NOWAND CHOOSE ONE OF THE FOLLOWING GADGETS ON THE GO 3 YEAR PLAN FULLY REDEEMED I r r Dell Inspiron 20' 3000 Series AIO (Touch) 2 YEAR PLAN Sony SmartWatch2 OR W' SPH TURNS 30! Enjoy our 30th Anniversary
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  • Page 22 Advertisements
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      103 22 SINGAPORE LAND LIMITED (Incorporated in Singapore) (Company Registration No.: *****0170C) LOST STOCK CERTIFICATES Notice is hereby given that the following share certificates in the name of Estate of Leong Mai Lan, Deceased have been reported lost: Certificate No. *****1 *****6 Number of Ordinary Shares 199 199 Notice is also hereby
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  • AVIATION
    • Article, Illustration
      Lock icon Cheung Kong makes bid to buy planes from Awas
      674 23 Group is diversifying into infrastructure; lessor is said to be breaking up its fleet Bloomberg [HONG KONG] Li Kashing’s Cheung Kong Holdings Ltd has made a bid to buy a portfolio of planes from lessor Awas as the Hong Kong billionaire’s
      Bloomberg  -  674 words
    • Article, Illustration
      Lock icon Govt shortchanged NY airports: study
      634 23 Bloomberg [NEW YORK] The New York area’s three major airports are getting short-changed by the US government, according to a study scheduled to be released yesterday by a group that advocates more investment in the facilities. Newark Liberty International, LaGuardia and John F Kennedy International
      Bloomberg; PHOTO: BLOOMBERG  -  634 words
    • Article
      Lock icon Lufthansa to resume flights to northern Iraq
      233 23 Reuters [LONDON] German airline Deutsche Lufthansa said it would resume flights to and from Arbil in northern Iraq starting on Saturday, but would continue to avoid airspace above the area controlled by the Islamic State militant group. Flights to Asia and other parts
      Reuters  -  233 words
    • Article
      Lock icon Aeroflot grounds low-cost carrier on EU sanctions
      549 23 European firms void leasing, servicing contracts with unit Bloomberg [MOSCOW] OAO Aeroflot, Russia’s state-run flag carrier, suspended flights of its low-cost unit due to European Union sanctions imposed in response to the Ukraine crisis. European companies annulled leasing, servicing and insurance contracts with
      Bloomberg  -  549 words
    • Article
      Lock icon TRANSPORT STOCKS
      243 23 SGX '000 Aug 04 S$ +/-Vol Ch Offshore 0.48 -0.01 805 Chuan Hup Hldg 0.30 unch 826 Cosco Corp 0.71 -0.01 1217 Cwt Limited................1.70 0.01 355 First Ship Lea 0.09 unch 200 Grand Banks 0.27 unch 4 Jaya Hold Ltd K1Ventures Chuan Hup Hldg Keppel Corp 10.80 -0.04
      243 words
    • Article
      Lock icon SIA will operate flights to Sapporo in December, January
      266 23  -  B)’ NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SINGAPORE Airlines (SIA) will operate flights to Sapporo, Japan, in December and January to cater to the peak winter travel season. The carrier said that it will operate a total of 14 flights to the capital
      266 words
  • Page 23 Advertisements
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      323 23 CRYPTIC CROSSWORD Across 1 Flipping calculation! I almost shout for Annie, perhaps (7) 5 Silenced outside entrance to prison after one is charged (7) 9 Wedding ring (5) 10 Tow mayor’s wheels on these roads? (9) 11 Reference book’s style half-dreary (10) 12 Crew erratically anchored vessel (4) 14 Degrees
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  • EDITORIAL & OPINION
    • Article
      Lock icon Global financial system ripe for change
      505 24 EDITORIAL IT is being bravely predicted that Argentina’s sovereign debt default last week will not matter to the global financial system. After all, it is argued, the South American country has been locked out of capital markets for the past 13 years. So the
      505 words
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      Lock icon The Internet’s next act must benefit the middle class
      699 24  -  THE BOTTOM LINE J BRADFORD DELONG The writer, a former deputy assistant secretary of the US Treasury, is professor of economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research Project Syndicate
      Project Syndicate  -  699 words
    • Article, Illustration
      Lock icon Asset-heavy firms must tap various forms of financing
      976 24  -  Private sources of capital are filling the funding gap as bank lending tightens By RAGHU NARAIN The writer is head of sector advisory, Asia Pacific, at RBS SSET-HEAVY companies should explore alternative forms of financing while there is ample liquidity and they
      PHOTO: BLOOMBERG  -  976 words
    • Article, Illustration
      Lock icon GIC as a private equity investor
      902 25 It follows a robust and rigorous investment process throughout the life of its investments GIC deploys capital in areas where we can utilise our comparative advantages, in particular, a long investment horizon, global presence, and skilled and experienced teams. Private Equity (PE) exemplifies an
      Source: GIC Report FY 1314  -  902 words
    • Article, Illustration
      Lock icon New economic data may help Obama regain public support
      784 25  -  LEON HADAR Washington Correspondent IN the midst of all the bad news about chaos and bloodshed around the world and continuing partisan gridlock at home, there was finally a piece of really good news: The American economy was coming back to
      PHOTO: AFP  -  784 words
    • Article, Illustration
      Lock icon Think tanks less an idea factory now
      621 25  -  ROBERT SAMUELSON The Washington Post Writers Group [WASHINGTON] Unless you’re a dedicated policy wonk, the name Stuart Butler probably doesn’t ring a bell. For 35 years, Mr Butler has been a senior researcher at the conservative think tank Heritage Foundation. He was among
      The Washington Post Writers Group  -  621 words
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  • Article
    Lock icon SHIPPING TIMES
    1172 26 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    1,172 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      81 26 Experienced ship maintenance findyou y r I services services wanted, here mthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I IIL UUJIHLJJ I IIVILJ Shipping Times Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services
      81 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4438 27 Transaction date: Aug 4 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 97.5 69 ABR 20 5.1 A-Sonic Aero (’000) High Low Buyer Seller Div Gr Yld C'vr 13.7
      4,438 words
    • Article
      Lock icon SGX CATALIST
      503 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32.5 23 t 3Cnergy 500 dr-Coddoddoor^ 17.2 14.4 1.9 0.9 t Advanced Systems 0.9 unch 760 0.9 0.9 0.9 1 17.5 43.5 29.5 t
      503 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10945 28 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Aloha EuncTCI A! Aberdeen Asset Mgt Asia Limited 1.59/ APS Alpha Fund (USD)!* 1.27/ Aberdeen Asset Mat Asia Limited Global Emerging Markets!** i 0746/ China Opportunities 7 931/ EM Local Ccy Bond AllianceBernstein (S'pore)
      10,945 words
    • Article
      Lock icon GLOBALQUOTE
      245 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 62 43 AVJennings A54 -2 2 54 54 55 57.5 3.6 6.5 4.4 199.9 Company 343 250 TanChongInt HK320 321 328 9.7 3.3 3.1 6444.5 DISCLAIMER: All
      245 words
    • Article
      Lock icon SGX ETF
      1122 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF Company 135.5 119 CIMB APAC Div 100S$D 134.6 -0.1 134.6 134.6 134 135.8 108.4 94 CIMB APAC Div 100US$ US107.7
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      667 29 Aug 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.65 *****.62 *****.21 Sep14 *****.00 *****.00 *****.00 *****.00 *****4 *****6 Dec14 *****.00 *****.00 *****.00 *****.00 2 ***** MSCI TAIWAN INDEX FUTURES SPOT 332.85 336.58 332.72 Aug14 330.50 333.60 328.90 332.90 ***** *****4 Sep14 330.00
      667 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr Aug 1 Index Change Change Change Change Change Change World Preliminary 1215.8 -0.7 2.6 -0.8 1.2 -0.6 2.6 EAFE Preliminary 957.4 -1.0 0.1 -0.9 -1.2 -0.8 0.1 Europe Preliminary 1354.3 -1.0 0.0
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 29 Aug 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.019 5.762 0.694 7.224 56.908 109.621 0.956 9.632 2.984 1.094 92.082 40.756 1.162 9.943 0.844 27.974 29.964 0.554 0.932 Canada 0.982 5.657
      471 words
    • Article
      Lock icon SIBOR
      39 29 Aug 4 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 29 Aug 4 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-19 105.93 106.02 106.00 10-Year NY*****H 3.000 01-Sep-24 104.99 104.90
      82 words
    • Article
      Lock icon PRECIOUS METALS
      120 29 Aug 04 GOLD(US$/oz) Aug 04 Aug 01 Hong Kong 1297.00 1287.00 Aug 01 Jul 31 London 1294.32 1285.70 1295.07 1286.41 Source: Thomson Reuters CAST BAR Aug 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 311 256 10gm 579 515
      120 words
    • Article
      Lock icon PALM OIL
      57 29 Aug 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2328.0 2341.0 2339.0 2328.0 136 1696 Sep 14 2295.0 2299.0 2302.0 2285.0 1521 ***** Oct 14 2261.0 2267.0 2270.0 2253.0 ***** ***** Nov 14 2261.0 2265.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 29 Aug 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1617 1.1624 0.9319 0.9324 Canadian dollar 1.1406 1.1412 0.9154 0.9150 Euro 1.6739 1.6743 1.3428 1.3430 NZ dollar 1.0615 1.0622 0.8515 0.8520 Sterling pound 2.0974 2.0979 1.6825 1.6828
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 29 Aug 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1215.00 1224.50 1225.75 1210.75 Sep 14 1073.50 1099.75 1098.25 1069.75 Nov 14 1058.50 1082.00 1079.75 1056.00 Jan 15 1066.75 1090.25 1087.75 1064.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14
      109 words
    • Article
      Lock icon LIFFE
      95 29 Aug 1 COCOA (£/tonne) Close Prev High Low Sep 14 2014 2019 2028 1983 Dec 14 1988 1989 1994 1957 Mar 15 1944 1946 1953 1924 May 15 1930 1930 1937 1911 COFFEE(US$/tonne) Close Prev High Low Sep 14 2097 2104 2139 2094 Nov 14 2093 2089 2129 2086
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      992 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.3 1 -58 4.00 47 Asia-Pacific Strategic W*****6 3.8 unch ***** 1 2 57 Ratio Exer Ascendas REIT MB eCW*****3 2.4 0.2 230 3 Asiatic Grp(Hldgs) Ltd
      992 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS Aug 01 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 104.51 -1.32 WTI (Near Mth) 97.55 -0.45 Dubai (1-Mth F) 104.10 -0.05 Tapis blend 107.92 -0.14 Minas 103.62 -0.14 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.17 -0.16 Jet Kerosene 118.74 0.53 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Aug 4 S$ Bid Offer 1-month 1.2466 1.2467 2-months 1.2466 1.2467 3-months 1.2465 1.2467 6-months 1.2464 1.2465 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 29 Aug-01 Aug-01 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1962.50 1978.50 3 months 1975.00 1988.00 Copper, Grade A(US$/tonne) Cash 7088.50 7135.50 3 months 7074.50 7115.00 Lead(US$/tonne) Cash 2212.75 2218.50 3 months 2220.00 2226.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am Aug 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.188 1.132 Can dollar 1.163 1.119 Euro 1.713 1.632 Sterling pound 2.137 2.055 NZ dollar 1.085 1.044 US dollar 1.271 1.211 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 29 Aug 4 $S Offer Bid 0vernight 0.01 PAR 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.08 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
      154 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Dhaka’s fight for green spaces
      846 30 Residents stage sit-in at park, in latest battle for public spaces AFP [DHAKA] When a private sports club in an upmarket Dhaka neighbourhood “grabbed” a children’s park for development this year, it sparked a wave of enraged protests rarely seen in impoverished Bangladesh. Hundreds of
      AFP; PHOTO: AFP  -  846 words
    • Article, Illustration
      Lock icon Pritzker plans US$104m hotel project in Seattle
      667 30 The development in downtown will have two 12-storey towers Bloomberg [SEATTLE] Seattle’s rapidly growing downtown is luring billionaire John Pritzker’s Commune Hotels Resorts for a US$104 million lodging and residential project, adding to a surge in development as employment and tourism climb. Commune
      Bloomberg  -  667 words
    • Article, Illustration
      Lock icon Packer makes another try in Las Vegas
      458 31 New casino to open in 2018 after Crown Resorts buys site on Strip for US$280m Bloomb erg [SYDNEY] Crown Resorts Ltd, the gambling company controlled by billionaire James Packer, plans to open a casino on the Las Vegas Strip after paying US$280 million
      Bloomberg; PHOTO: BLOOMBERG  -  458 words
    • Article
      Lock icon Compliance costs boost loan outsourcing
      1305 31 Banks exit mortgage business as new rules push up costs Bloomberg [BOSTON] As banks lose money on mortgages and retreat from the business, PHH Corp, the biggest US outsourcer of home loans, is rushing to cash in. PHH processes and originates mortgages on behalf of
      Bloomberg  -  1,305 words
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      608 30 Advance Your Career With Great Leadership, Networking And Higher Productivity Skills Who should attend: Sales, marketing and working professionals; supervisors, managers, team leaders and other general managers; executives; business owners, and anyone who wishes to achieve higher success in their career. Productivity ar >d Innovation Credit (P/q Claimable 201 4
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      197 31 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices (®JLL FOR SALE BY TENDER #B1 THE ADELPHI SINGAPORE Floor Area: Approx 4,090sqft Tenure: 999 years leasehold Near escalator. Suits most trades incl. F&B, Nightclub Pub Vacant possession Tender Closing Date:
      197 words
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      Lock icon Page 31 Advertisements Column 2
      210 31 CHARMING CONSERVATION SHOPHOUSE IN HISTORIC BUKIT PASOH DISTRICT Ulllih CUSHMAN WAKEFIELD Agency License No: L*****33E PJ i 2-storey freehold shophouse with mezzanine and attic Land Area 1,375 sq ft approx. Floor Area 3,065 sq ft approx. Master Plan 2014 Zoned “Commercial” Mins walk to Outram MRT station Sold with vacant
      210 words
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      Lock icon Page 31 Advertisements Column 3
      292 31 RARE FREEHOLD LANDED DEVELOPMENT SITE S PORE ISLAND COUNTRY CLUE AN ISLAND 3»f CAMDEN PARK GCBA r H ST JOSEPH'S KHEAM HOCK ROAD INSTITUTION STORE RAFFLES CLUNY COURT TOWN CHINESE CLUB GIRL'S SCHOOL BOTANIC garden: SINGAPORE BOTANIC GARDENS Investment Properties Galven Tan (CEAReg No.: R*****1F) 9799 4898 6224 8181 Yap
      292 words
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      Lock icon Page 32 Advertisements Column 1
      347 32 C A*LT, ilijG M^iis 1 «b.|b1 !1!,! lis m** r *wisi. SL&!Nt-div “I 8i* liiiR 1 mi| ri iliiki !I 2S? 181 I (Us? t liilk HUM!.” ,‘V,, BPS W »i r ,U!l? lill? U I 1 h||||| SEli! t l-!i9f iiiiiter; III «sitteit ii iiiit mW\ mitsi' iiiiiL ISlSsi/
      347 words