The Business Times, 9 August 2014

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Total Pages: 41
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg GAUGUST 9-10, 2014 S$1.00 MCI (P) 086/08/2013 Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon PM Lee reveals tighter forecast
    1638 1  -  Full-year growth now seen at 2.5-3.5%, which means that H2 expansion won’t exceed 3.5% By Chuang Peck Ming peckming@sph.com.sg Singapore THE economy grew 3.5 per cent in the first half of the year, but the pace is likely to ease in the second. In disclosing
    Sources: Department of Statistics, Real Estate Developers’ Association of Singapore, Urban Redevelopment Authority, news archives; BT graphics: Kenneth Lim, Kelly Tay, Simon Ang & Jonathan Goh  -  1,638 words
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      26 1 the business www. usinesstimes.com. LIVING Singapore infusion l2-6 the raffles conversation SIR HOWARD DAVIES, PROMINENT ECONOMIST 8-9 COMPANIES UOL seeks land with ‘strong growth story’ 10
      26 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Khazanah offers 27 sen a share for remaining 30% stake in MAS
      712 2  -  With privatisation as a first step, state agency says it’ll unveil ‘full proposal’ for flag carrier by end-August By S Jayasankaran btworld@sph.com.sg Kuala Lumpur STATE investment agency Khazanah Nasional said yesterday that it would pay 27 sen for
      PHOTO: BLOOMBERG  -  712 words
    • MARKETS
      • Article
        Lock icon STOCKS
        60 2 HSTI 3,288.89 (-25.33) HSTI FUTURES 3,267.00 (-25.00) HSIMSCI 375.01 (-3.19) HSIMSCI FUTURES 327.30 (-3.40) STOCKS Friday Change KL COMP 1,839.87 -27.45 NIKKEI 225 14,778.37 -454.00 HANG SENG 24,331.41 -56.15 SET 1,520.31 -1.96 JAKARTA 5,053.76 -13.22 MANILA 6,880.34 -74.87 KOSPI 2,031.10 -23.41 SHENZHEN B 937.83 +2.44 MUMBAI IND 25,329.14 -259.87
        60 words
      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.032 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
        29 words
      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.252 (US$/S$ per 1.680 2.104 EURO (US$/S$/€ 1.338 1.676 Foreign currency per US$ S$ YEN 101.70 81.20 RM 3.211 2.563 HK$ 7.752 6.189 BAHT 32.15 25.67 RUPIAH 11,795 9,418 RENMINBI 6.158 4.917 INDIAN RUPEE 61.50 49.10 A$ 1.081 0.863 NZ$ 1.183 0.945
        49 words
    • Article, Illustration
      Lock icon International factors to blame for Tokyo’s stock-price plunge: BOJ
      591 4  -  But central bank chief remains upbeat about Japan’s overall economic outlook By Anthony Rowley btworld@sph.com.sg Tokyo AFTER Tokyo stock prices suffered their biggest daily drop in five months yesterday, Bank of Japan (BOJ) officials blamed the 3 per cent plunge on
      PHOTO: BLOOMBERG  -  591 words
    • Article, Illustration
      Lock icon China trade surplus hits a record in July
      572 6 While the surplus tripled to US$47.3b from a year ago on the back of a 14.5% jump in exports, imports posted a surprise 1.6% fall AFP Beijing CHINA’S monthly trade surplus leaped to US$47.3 billion in July, nearly tripling year-on-year, official data
      AFP; PHOTO: AFP  -  572 words
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      49 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 L2-6 Health L7 Design L8-9 Style L10-11 Travel L12-13 Motoring L14-15 BT Corporate Golf L16 Real Estate 31
      49 words
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      417 3 Protecting Your People is Our Priority. International SOS is the world’s leading medical and travel security risk services company, operating from more than 700 locations in 89 countries. We offer clients medical and travel security advice, preventative programmes with in-country expertise and emergency assistance during critical illness, accident or civil
      417 words
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      162 5 A Celebration Of Pride, Glory And Joy! We are immensely proud to be a part of this small but great nation, and rejoice as we celebrate another chapter of Singapore's glorious story! HAPPY 49TH BIRTHDAY! S ii W w v.v u j 4 c m Tf- 1 Vn s a
      162 words
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      227 7 WV POWERPAC \y POWERPAC INTERNATIONAL PTE. LTD. GLOBAL MANUFACTURER OF ROAD-MAKING MACHINERIES, PLANTS AUTOMOBILES 1 X >> v a W: r >- s -i aii u ar .A i m' People. LJur Home. •Wjjiyi 'V v BMSPP rv*:. iriiij 5 i ;v WEiil s Sa 'X ■FT I X.X> Th;
      227 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Crisis observer
      2453 8 / 9  -  Prominent economist and former financial regulator Sir Howard Davies looks back at the global financial crisis and how it has been handled. By Vikram Khanna By Vikram Khanna vikram@sph.com.sg IN 2009, Sir Howard Davies, prominent economist, former financial regulator, director of the London School of Economics (LSE) and
      PHOTO: ARTHUR LEE  -  2,453 words
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  • COMPANIES
    • Article
      Lock icon UOL seeks land with ‘strong growth story’
      684 10  -  Group continues to be selective in land choice; Q2 hit by sharp drop in fair-value gains By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore UOL Group is still keen on selectively replenishing its Singapore residential landbank even though it expects the market to remain subdued
      684 words
    • Article
      Lock icon Lippo Malls Indonesia upbeat on outlook; Q2 DPU down
      500 10  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore LIPPO Malls Indonesia Retail Trust (LMIRT), which posted a 26.9 per cent year-on-year drop in second-quarter DPU to 0.68 Singapore cent, says the outlook for retail malls in Indonesia remains positive. The lacklustre second-quarter performance
      500 words
    • Article
      Lock icon Antitrust immunity for Scoot and Tigerair
      269 11  -  Carriers free to cooperate on schedules, routes and sales By Cai Yong caiyong@sph.com.sg Singapore THE Competition Commission of Singapore (CCS) yesterday granted Scoot and Tigerair antitrust immunity (ATI), which paves the way for the two airlines to coordinate their schedules and pricings on parallel
      269 words
    • Article
      Lock icon Goodpack clears final hurdle with bondholders
      474 11  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore LOCAL logistics packaging firm Goodpack has secured the consent from holders of the last of its bonds in waiving certain conditions that would be non-compliant as a result of the acquisition by KKR. Goodpack has had six series
      474 words
    • Article, Illustration
      Lock icon Escalating geo-political worries hit stocks
      610 12  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE Singapore stock market was in no celebratory mood yesterday on the eve of National Day as an overnight selloff on Wall Street, sparked apparently by growing geo-political uncertainties, further dampened sentiment, resulting in the Straits Times Index
      610 words
    • Article
      Lock icon STI STOCKS
      120 12 Stock name Close Change Ascendas Reit 2.290 -0.020 CapitaLand 3.350 -0.030 CapitaMall Trust 1.960 -0.015 CityDev 10.010 -0.110 ComfortDelGro 2.600 +0.030 DBS Grp 17.810 -0.330 Genting Sing 1.275 -0.035 Global Logistic 2.720 -0.020 Golden Agri-Res 0.530 HPH Trust USD 0.675 -0.010 HongkongLand USD 6.810 -0.030 JMH 400 USD
      120 words
    • Article, Illustration
      Lock icon OCBC picks Ong Eng Bin to helm Malaysian operations
      406 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore OCBC Bank yesterday appointed Ong Eng Bin as chief executive officer of OCBC Bank (Malaysia) Berhad with immediate effect. He comes to the job from his post as OCBC Malaysia’s head of business banking, which
      406 words
    • Article
      Lock icon TOP 20 ACTIVES
      200 12 VOL CLOSE Advance SCT 74,839 0.2 0 0 0 0 APAC Strategic 33,965 6.1 0 0 0 0 Artivis i on Tech 32,987 7 -0 1 1 4 Jaya 32,376 6.1 -0 3 -4 7 Genting Sing 30,653 127.5 -3 5 2 7 Equation 30,258 0.8 0
      200 words
    • Article
      Lock icon TOP GAINERS
      67 12 BY CENTS CLOSE UP GLD 10US$ ***** 157.8 1.0 DBXT iBoxxUSTr 5US$ ***** 119.0 0.5 DBXT USDIGInfl 5US$ ***** 116.5 0.3 DBXT AUD Bonds 5AU$ ***** 114.8 0.5 DBXT iBoxxSvEu 5US$ ***** 103.9 0.3 DBXT iBoxxSing 5SG$ ***** 44.0 0.3 DBXT EONIA 5US$ ***** 31.3 0.1 DBXT S&P
      67 words
    • Article
      Lock icon TOP LOSERS
      65 12 BY CENTS CLOSEDOWN IS S&P500 ***** -677.4 -2.8 DBXT Nifty 10US$ ***** -247.9 -1.5 SPDR DJIA 10US$ ***** -207.9 -1.0 DBXT E50 10US$ 4996 -141.5 -2.2 DBXT MSKorea 10US$ 6375 -125.2 -1.5 DBXT MSJAP 10US$ 4585 -106.4 -1.8 DBXT MSEurope 10US$ 5888 -96.4 -1.3 DBXT SPASX200 10US$ 4149
      65 words
    • Article
      Lock icon Nam Cheong Q2 net up 55% at RM63.3m
      489 13  -  Better performance by group’s shipbuilding and vessel-chartering businesses lifts Q2 revenue by 38% to RM378.8m By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore NAM Cheong yesterday reported a 55 per cent rise in second-quar-ter net profit to RM63.3 million (S$24.7 million) from RM40.7 million
      489 words
    • Article
      Lock icon STATS ChipPAC narrows Q2 loss to US$4.18m
      362 13  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore STATS ChipPAC was still in the red for the second quarter but losses were sharply lower than a year ago when it incurred heavy plant-closure costs. The group, a provider of advanced semiconductor packaging and test services,
      362 words
    • Business briefing
      • Article
        Lock icon Venture earnings up 11.6% at S$33.5m for Q2
        48 13 ELECTRONICS-services provider Venture Corp announced a net profit of S$33.5 million for Q2 2014, an 11.6 per cent increase from the previous year, derived mainly from its operations. Its revenue for the quarter rose 2.3 per cent to S$601.1 million.
        48 words
      • Article
        Lock icon Strong beverage sales help lift F&N’s Q3 profit
        70 13 F&N posted a 25 per cent rise in net profit from its continuing operations for the third quarter ended June to S$44.5 million, compared to a restat- ed S$35.6 million a year ago. This came from strong sales from its beverages segment,
        70 words
      • Article
        Lock icon ASL Marine warns of Q4 loss
        46 13 ASL Marine Holdings warned yesterday of a net loss for the fiscal fourth quarter ended June due to lower shiprepair and conversion revenue, as well as a delay in delivering the OSV class of vessels, which resulted in cost overrun.
        46 words
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      387 11 GOODPACK LIMITED (UEN/Company Registration No. *****0547W) (Incorporated in the Republic of Singapore) Notice to holders of the outstanding S$50,000,000 4.70 per cent. Notes due 2023 comprised in Series 006 (ISIN: SG55E*****45) (the “Notes”) of Goodpack Limited (“Goodpack”) convened for 9.00 a.m. (Singapore time) in respect of the meeting of the
      387 words
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      94 13 CBD STRATA OFFICES FOR SALE Havelock W now TW*is Sammi Urn (CEA Reg No.: R*****9J) HP: 9368 9803 Low Choon Sin (CEA Reg No.: R*****5H) HP: 9841 0006 Choice Units: 312 sq ft to 18,323 sq ft Opposite State Courts Next to Clarke Guay MRT Station Covered access leading to
      94 words
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  • SINGAPORE
    • Article
      Lock icon HSBC targets emerging-rich segment
      397 14  -  It relaunches its Advance bank account with enriched digital capabilities and promises more customer-centric service By Jan Lee janlee@sph.com.sg HSBC, with its sights trained firmly on the segment of customers it calls the “emerging affluent”, has re-launched its Advance bank account to target this group. Specifically,
      397 words
    • Article, Illustration
      Lock icon UOB card gets makeover for National Day
      178 14  -  By Jan Lee janlee@sph.com.sg The UOB One Card is dressing up in red and white. The card is one of the bank’s most widely used credit cards one in five UOB cards is a One Card. The limited-edition National Day One Cards will
      178 words
    • Article
      Lock icon Bloomberg quoted me out of context: Scoot CEO
      275 14 LETTER TO THE EDITOR I REFER to the article by Bloomberg published in BT on Aug 8 titled “Scoot not keen on Changi’s T4 ‘folly’, says CEO”. I wish to clarify that the comments made at a conference in Sydney on Thursday
      275 words
    • Article, Illustration
      Lock icon From soldiers to scholars, with SMU’s help
      817 15  -  SMU Warriors Scholarship helps retiring SAF personnel transit into a second career with a suitable course of study By Cai Yong caiyong@sph.com.sg TO recognise the contribution that servicemen make to the nation, Singapore Management University (SMU) is awarding up to 20 postgraduate scholarships
      PHOTO: YEN MENG JIIN  -  817 words
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      214 15 > The World's most powerful Zhong Sheng Ji Ritual! BEHOLD! This is not an ordinary Zhong Sheng Ji ritual... But WORLD NO 1 AND ONLY GRAND RITUAL OF ZHONG SHENG JI! World-renowned No.1 Zhong Sheng Ji GrandMaster Szeto Fat Ching World’s No.1 Zhong Sheng Ji GrandMaster Szeto Fat Ching, Multi-billions
      214 words
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      69 16 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! and in the SoShiok app. Wong Ah Yoke Food Critic Tan H sueh Yun Food Editor o O o THE STRAITS TIMES,
      69 words
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  • WORLD
    • Article
      Lock icon China banks addressing bad loan problem
      741 17 Bankers talk of tighter risk control and cutting off small private borrowers though banks deny any change in policy Reuters Shanghai CHINESE banks are scrambling to get on top of bad debts they have downplayed for years, cutting off riskier borrowers, further tightening lending
      Reuters  -  741 words
    • Article, Illustration
      Lock icon Sex-tape investigators undergo trial in China
      724 17 AFP Shanghai A BRITISH investigator once hired by scandal-hit pharmaceutical giant GSK in China went on trial yesterday for breaching privacy laws, with the court saying he did not generally dispute the accusations. Peter Humphrey and his American wife Yu Yingzeng were hired to
      AFP; PHOTO: REUTERS  -  724 words
    • Article, Illustration
      Lock icon WHO declares Ebola epidemic international health emergency
      675 18 Global travel curbs may be put in place to halt spread as overall death toll nears 1,000 AFP Geneva THE World Health Organization (WHO) yesterday declared the killer Ebola epidemic ravaging parts of West Africa an international health emergency and appealed for global
      AFP; PHOTO: AFP  -  675 words
    • Article
      Lock icon US busts fake currency ring responsible for printing over US$77m
      234 18 Bloomberg Washington US authorities have dismantled one of the most sophisticated and prolific counterfeiting rings in US history, the Justice Department said. The organisation was responsible for more than US$77 million in fake US$100 bills that were distributed up and
      Bloomberg  -  234 words
    • Article
      Lock icon Princeton to do away with cap on ‘A’ grades
      402 18 Many students say they had been harmed by the grade targets NYT New York PRINCETON University may soon end the policy that limited the number of students who received As for their course marks, an approach designed to thwart grade inflation
      NYT  -  402 words
    • Article, Illustration
      Lock icon US launches air strikes against Sunni targets in Iraq to protect Kurds, Yazidis
      747 19 Relief supplies also dropped to ancient sect refugees trapped on desert mountain Reuters [WASHINGTON] US warplanes struck Iraq yesterday for the first time since American troops pulled out in 2011, attacking Islamist fighters advancing towards the Kurdish
      Reuters  -  747 words
    • Article
      Lock icon BlackRock sees India stock correction
      617 19 Sensex could drop 1 0% by Sept due to global conflicts and may then rally 25% by April 2015 Bloomberg Mumbai STOCK investors who missed this year’s 20 per cent rally in the S&P BSE Sensex Index will get a chance to buy at cheaper
      Bloomberg  -  617 words
    • Briefing
      • Article
        Lock icon Japan firm beats Arcadis to Hyder takeover
        86 20 Reuters London British engineering firm Hyder Consulting has accepted a US$451 million takeover offer from Japan’s Nippon Koei, just days after recommending a bid from Dutch firm Arcadis. Hyder and Nippon Koei said yesterday that the recommended cash offer would entitle Hyder shareholders
        Reuters  -  86 words
      • Article
        Lock icon SoftBank earnings miss estimates
        101 20 Bloomberg Tokyo SoftBank Corp, the Japanese wireless carrier, posted profit that missed estimates as subscriber growth slowed. Net income fell 68 per cent to US$763 million in the three months ended June from 244.4 billion yen (S$3 billion) a year earlier, which included a one-time gain,
        Bloomberg  -  101 words
      • Article
        Lock icon Board gains power in Japan pension fund
        68 20 Reuters Tokyo Japan’s public pension fund has given its investment board control over key portfolio decisions sharply limiting the powers of its president as the world’s largest pension fund prepares to invest more in stocks and other risk assets and pull back from
        Reuters  -  68 words
    • Article
      Lock icon Wealth piling up on top in US corporate pyramid
      726 20 18 MNCs hold 36% of total cash, mostly abroad thanks to tough US tax law Bloomberg Washington INCOME inequality has company make that companies. A new wealth gap is opening among US corporations, where cash holdings are growing more concentrated as
      Bloomberg  -  726 words
    • Article
      Lock icon Q2 productivity up more than forecast
      409 20 LATEST US DATA Reuters Washington US non-farm productivity rebounded more strongly than expected in the second quarter, but a sharp slowdown in unit labour costs pointed to still-tame wage pressures that could give the Federal Reserve room to keep interest rates low for a
      Reuters  -  409 words
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      26 19 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
      26 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8251 21 Transaction date: Aug 8 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 12 10.6 12.5 6.3 1 15.6 57.5 20 5.1 A-Sonic Aero 8 unch 281 8.1 7.9 8 8.3
      8,251 words
    • Article
      Lock icon SGX CATALIST
      2136 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32.5 23 t 3Cnergy 500 32.5 29.5 39 39 28.5 22 t 800 Super 24 -0.5 312 25 24 24 25.5 3.2 4.2 7.5 42.9
      2,136 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 9 3 0 0 0 2 9 3 Manufacturing 27 69 41 8 10 13 35 79 54 Commerce 14 34 18 3 11 1 17 45 19 Tpt/Stor/Comms 8 23 10
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      803 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 4 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Envictus Intl 06-Aug-14 Cheng Chih Kwong Sell 1200 0.45 ***** 10.74 ***** 10.55 First Reit 06-Aug-14 Ronnie
      803 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,739 25,739 66,588 66,588 Manufacturing 278,574 118,666 397,240 159,911 8,283 168,194 Commerce 88,140 35,397 123,537 89,733 2,490 92,223 Tpt/Stor/Comms 144,171 951 145,122 142,239 113 142,353 Finance 30,512 710 31,222 209,979 184 210,163 Construction 33,582 43,067
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Aug 7 COCOA (£/tonne) Close Prev High Low Sep 14 2027 2024 2028 2016 Dec 14 2005 2002 2006 1996 Mar 15 1962 1959 1964 1953 May 15 1946 1943 1948 1938 COFFEE(US$/tonne) Close Prev High Low Sep 14 1968 1992 2002 1961 Nov 14 1974 1996 2004 1967
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    • Article
      Lock icon METALS
      66 25 Aug 08 GOLD(US$/oz) Aug 08 Aug 07 Hong Kong 1321.00 1308.00 Aug 07 Aug 06 London 1306.94 1307.43 1307.65 1308.22 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.46 24.68 Source: UOB PLATINUM Lon (US$/oz) Aug 07 Close Previous PM Fix 1466.00 1457.00 AM Fix 1466.00 1455.00 Source:
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Aug 08 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.188 1.132 Can dollar 1.167 1.123 Euro 1.713 1.632 Sterling pound 2.149 2.067 NZ dollar 1.085 1.044 US dollar 1.278 1.218 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 25 YTD change: +3.83% 52-week high: 3,387.84 on July 31,2014 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 25 YTD change: +4.40% 52-week high: 24,912.22 on July 30,2014 52-week low: 21,137.61 on March 20,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 25 YTD change: +3.71% 52-week high: 2,270.27 on Sept 12,2013 52-week low: 1,974.38 on March 12,2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 25 YTD change: -9.29% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 13,188.14 on Aug 28,2013 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 25 YTD change:-1.26% 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  -  25 words
    • Article
      Lock icon PALM OIL
      57 25 Aug 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2307.0 2291.0 2307.0 2290.0 274 1469 Sep 14 2287.0 2257.0 2290.0 2255.0 1598 ***** Oct 14 2256.0 2233.0 2268.0 2231.0 ***** ***** Nov 14 2252.0 2230.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      82 25 Aug 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.33 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-19 105.85 106.12 105.94 10-Year NY*****H 3.000 01-Sep-24 105.89 106.00
      82 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Aug 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1578 1.1591 0.9246 0.9253 Canadian dollar 1.1458 1.1467 0.9154 0.9150 Euro 1.6753 1.6762 1.3379 1.3381 NZ dollar 1.0581 1.0593 0.8450 0.8456 Sterling pound 2.1034 2.1048 1.6798 1.6802
      155 words
    • Article
      Lock icon CHICAGO BOT
      104 25 Aug 7 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 14 1250.00 1237.00 1252.00 1234.75 Sep 14 1099.25 1096.50 1101.00 1091.50 Nov 14 1078.00 1080.00 1084.75 1071.00 Jan 15 1086.50 1088.25 1092.50 1079.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Aug 14 35.62 35.79 35.67 35.52
      104 words
    • Article
      Lock icon OIL
      68 25 Aug 07 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 105.21 -0.14 WTI (Near Mth) 97.53 0.53 Dubai (1-Mth F) 102.86 -0.20 Tapis blend 106.57 -0.36 Minas 102.27 -0.36 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.22 0.33 Jet Kerosene 117.69 0.48 US$/barrel OpecOil Basket Price 102.23
      68 words
    • Article
      Lock icon LONDON METALS
      72 25 Aug 07 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2017.50 2013.25 3 months 2027.00 2024.00 Copper, Grade A (US$/tonne) Cash 7014.50 6982.25 3 months 6999.00 6970.00 Lead (US$/tonne) Cash 2266.50 2241.00 3 months 2265.00 2243.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      72 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 7 Index Change Change Change Change Change Change World Preliminary 1206.1 -0.3 1.8 -0.1 0.7 -0.3 1.6 EAFE Preliminary 942.0 -0.4 -1.5 -0.2 -2.6 -0.4 -1.7 Europe Preliminary 1332.0 -0.7 -1.7
      373 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Ready for next half century
      1208 26 / 27  -  Becoming the go-to hub for companies wanting to do business in the Asean region seems a natural next step for Singapore, writes Motasim Iqbal writes Motasim Iqbal 45The writer is Head of Transaction Banking, Singapore, at Standard Chartered Bank REACHING an important milestone in life
      PHOTO: NEO XIAOBIN/ THE STRAITS TIMES  -  1,208 words
    • Article
      Lock icon Skyscrapers show capitalism at its worst – and most sublime
      826 26 / 27  - Skyscrapers show capitalism at its worst and most sublime By Martin Parker 45The writer is Professor of Organisation and Culture at University of Leicester, UK The Conversation Skyscrapers always provoke some extreme reactions, and the sale of London’s Gherkin as a result of the bankruptcy of one of its current
      The Conversation  -  826 words
  • Page 26 / 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 / 27 Miscellaneous Column 1
      309 26 / 27 SATURDAY with Ludwig My favourite book Facebook CRYPTIC CROSSWORD Across 1 Lusty skill shown in country dance (6) 4 Carrying hose (8) 9 Transform dog biting a European (6) 10 Close relative touring part of UK is ominous (8) 11 The French politician’s not serious it’s illuminating (9) 13 Loner
      309 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon M&A boom: sign of golden years ahead?
        1228 28 / 29  -  A sharp upturn in deal activity is often thought to herald a stronger economy but some analysts are seeing signs of irrationality. By Peter Eavis and David Gelles By Peter Eavis, David Gelles NYT SOMETHING big is happening on Wall Street that is
        NYT; PHOTO: BLOOMBERG  -  1,228 words
      • Article
        Lock icon BROKERS’ TAKE
        737 28 / 29  -  Compiled by Andrea Soh CWT Limited BUY DMG Partners Aug 8 Close: S$ 1.685 1H14 revenue rose across all business segments, with that from commodity marketing surging 177 per cent y-o-y to S$7.6 billion, fuelled by higher trading volume. Logistics revenue rose 10 per cent y-o-y to S$441
        737 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt
        1027 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUNE 25 AND JULY 1, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Skysuites Anson Apt 26/06/2014 99 700 1656 2367 District 3 NON-LANDED Alex Residences Apt
        1,027 words
      • Article, Illustration
        Lock icon Ukraine war takes heavy toll on its businesses
        1096 31 Execs struggle to keep firms afloat as capital from abroad dries up Bloomberg Kiev IN November last year, Ukrainian Trade Guild Consulting (UTG) fielded calls from retailers including Abercrombie Fitch Co and Japan’s Uniqlo Co about leasing space before this year’s opening
        Bloomberg; PHOTO: REUTERS  -  1,096 words
      • Article
        Lock icon Looking beyond Sydney, Melbourne
        452 31 Bloomberg Sydney FOREIGN investors, who traditionally focus on Sydney and Melbourne office buildings, are turning to properties in other cities amid rising competition for assets, according to Invesco Ltd. Global pension and sovereign wealth funds are increasingly investing in malls and warehouses in Brisbane and Perth,
        Bloomberg  -  452 words
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  • Page 32 Advertisements
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      118 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE ROYAL OAK CONCEPT SERIES CONTINUES TO PUSH THE BOUNDARIES OF AUDEMARS PIGUET SAVOIR-FAIRE. THIS CONCEPT GMT TOURBILLON, WITH DUAL TIME FUNCTION, FEATURES WHITE CERAMIC BEZEL, CROWN, PUSHER AND BRIDGE. NINE TIMES HARDER THAN STEEL, CERAMIC IS EXCEPTIONALLY DIFFICULT TO WORK,
      118 words
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  • Page 1 Advertisements
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      87 1 LivingBTTHE BUSINESS TIMES WEEKEND AUGUST 9 10 2014 SINGAPORE INFUSION The brands and people that are literally standing up for Singapore in food, design and jewellery DINING Tastes for a new ageL2-4 DESIGN Straight from the heart L8-9 PHOTOS: CITIZEN POP; COCOLOCO; MANDY WU; INFUUSA; TRIXIE KHONG; PLAZA BRASSERIE; SECOND
      87 words
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Tastes for a new age
        2254 2 / 3 Debbie Yong finds a new crop of local food producers who are changing the way we eat and drink debyong@sph.com.sg @DebbieYongBT The Mlk Co UP TILL two years ago, Tee Mun Khui was your typical harried CBD worker, living on a diet of antibiotics and
        PHOTOS: THE MLK CO; PHOTOS: CITIZEN POP, DEBBIE YONG; PHOTOS: SECOND HELPINGS; PHOTOS: INFUUSA; PHOTOS: NUTTEREE; PHOTOS: COCOLOCO  -  2,254 words
      • Article, Illustration
        Lock icon FLYING THE FLAG
        1373 5  -  Singapore came in second at the Bocuse d’Or Asian finals, top six at the Diageo Reserve global bartending competition and we’re home to the Best International Cocktail Bar, according to last month’s Tales of the Cocktail global awards. Not bad for a country that barely had an
        1,373 words
      • Article, Illustration
        Lock icon Lost and found
        888 6  -  Move aside, Mod-sin. Debbie Yong rounds up six ‘lost’ Peranakan, Cantonese and Hainanese dishes being revived just for this National Day season Debbie Yong debyong@sph.com.sg @DebbieYongBT Kledek masak lemak THE grand dame of Singaporean cooking, Violet Oon, has her eye trained on reviving lost dishes in her
        888 words
    • HEALTH
      • Article, Illustration
        Lock icon Forgot the keys again?
        1229 7  -  Forgetfulness can be brought on by drugs such as statins, and also by invasive diagnostic procedures, poor control of medical conditions and poor quality of sleep, all of which are preventable Michael Lim ~Dr Lim is the medical director at the Singapore Heart, Stroke Cancer Centre.
        ST FILE ILLUSTRATION  -  1,229 words
    • DESIGN
      • Article, Illustration
        Lock icon Straight from the heart
        2140 8 / 9  -  BT Weekend talks to local designers who are putting their ideas on Singapore life and culture into their designs By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT By Rachel Loi rachloi@sph.com.sg @RachelLoiBT Aspects www.dslabel.com www.supermama.sg EDWIN Low, designer and founder of Supermama, struck it big last year
        PHOTOS: SUPERMAMA; PHOTOS: WHENIWASFOUR; PHOTOS: ANG KU KUEH GIRL; PHOTOS: THE LITTLE DROM STORE, FILE PHOTO  -  2,140 words
    • STYLE
      • Article, Illustration
        Lock icon Women that rock
        1275 10 / 11  -  They don't dress red carpet fixtures or boast a village of craftsmen, but Singapore's own bauble makers have daring dressers transfixed, both at home and abroad. By May Yip By May Yip AS much as the homegrown style industry bemoans a lack of support for local labels,
        1,275 words
    • TRAVEL
      • Article, Illustration
        Lock icon Kyoto charm, Ritz flair
        978 12 / 13  -  Ritz-Carlton Kyoto embodies Kyoto style with the liberal use of Japanese sugi wood and art works while the hotel’s trademark hospitality is amply displayed by its efficient and professional staff. By Jaime Ee By Jaime Ee I LOVE the smell of hinoki in the morning. Never
        978 words
      • Article
        Lock icon Stop over at Osaka too
        181 12 / 13  -  By Jaime Ee ~The writer was a guest of Ritz-Carlton jaime@sph.com.sg @JaimeEeBT OSAKA is barely an hour’s train ride from Kyoto, and it’s always worthwhile to package the two cities together just to see the contrast between the laid back elegant charm of Kyoto with
        181 words
    • MOTORING
      • Article, Illustration
        Lock icon EFFICIENCY DRIVE
        576 14  -  The Volvo XC60 Drive-E introduces a new and more efficient engine and transmission. By Samuel Ee By Samuel Ee samuelee@sph.com.sg SOME carmakers have so-called eDrive technology but Volvo has Drive-E. Apart from the key vowel at opposite ends, there is one important difference Volvo Drive-E does not refer
        576 words
      • Article, Illustration
        Lock icon Renault for road and track
        744 15  -  The Renault Clio RS is an accomplished hot hatch that is surprisingly affordable. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE styling of Renault hatchbacks in general and the Clio in particular has been quirky, to say the least. But the latest edition of this
        744 words
    • BT CORPORATE GOLF LEAGUE 2014
      • Article, Illustration
        Lock icon Enjoying the organisation
        312 16  -  The DBS Vickers team has signed up to play every year since 2010. Stories by Justine Moss DBS Vickers has signed up every year for the BT Corporate Golf League since it started back in 2010 for a number of reasons which includes “great organisation”, according to
        PHOTOS: GOLF DIGEST  -  312 words
      • Article, Illustration
        Lock icon Fellowship and happy golfing
        280 16 THIS is Zyfas Medical Company’s first year of competing in the BT Corporate Golf League, and after two rounds of scoring 91 and 99, they are sitting in 11th position. In addition to team captain Adrian Chew (handicap 10.3), other members include Mohamed Tahir (11.2), Chua
        280 words
      • Article, Illustration
        Lock icon Hole-in-one prize: Royal Oak Chronograph
        211 16 AUDEMARS Piguet started its association with the BT Corporate Golf League back in 2010 when it signed on as a Hole-In-One sponsor. It has returned each year, providing a different timepiece for one of the Hole-In-One prizes over each round. This year’s timepiece is the
        211 words
      • Article, Illustration
        Lock icon Charged up sponsorship
        159 16 THIS is the first year that Red Monster has signed up as one of the spon- sors of the BT Corporate Golf League, and according to managing director Axmund Phuah, Red Monster believes that it’s a good platform to increase awareness of its products at the executive
        159 words
      • Article
        Lock icon On course for a good cause
        87 16 THIS year’s Singapore Indian Education Trust’s (SIET) annual charity golf tournament will tee off on Friday, Aug 29, at Sembawang Country Club. Established in 1967, SIET’s primary objective is to help needy and deserving students advance in their education, by providing them with finan-
        87 words
      • Article
        Lock icon SunMoon and Sultans lead after 2 rounds
        145 16 AFTER two rounds of the 2014 Business Times Corporate Golf League, it is SPH Sultans of Swing and defending champions Team SunMoon who are proving to be most consistent. Both lead the ladder with 208 points after games at Sentosa Golf Club’s Tanjong
        145 words
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  • Page 12 / 13 Advertisements
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      929 12 / 13 wine dine with BTWeekend Peach Blossoms Marina Mandarin Singapore 6 Raffles Boulevard Take the opportunity to appreciate all teaching staff from your educational institution in our well-equipped private function rooms, suited for the special occasion. Teacher’s Special packages available from 15 August to 15 September, include pre-dinner cocktails, free flow
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