The Business Times, 16 August 2014

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Microfilm: NL33222
Total Pages: 49
1 12 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg AUGUST 16-17, 2014 S$1.00 MCI (P) 086/08/2013 SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article
    Lock icon Darts group takes aim at Asia –
    28 1 Darts group takes aim at Asia COMPETITION PROFESSIONAL Darts Corporation the organisation behind the inaugural Singapore Darts Masters plans to build a global interest in the game. 2
    28 words
  • Article
    Lock icon Importance of regional integration
    42 1 OCBC FORUM MORE economic interdependence between Asian countries is critical for Singapore to enjoy more jobs, higher real wages, and better standards of living among its citizens, said Minister of Trade and Industry Lim Hng Kiang yesterday. 4
    42 words
  • Article
    Lock icon Steel-maker Albedo in a fix
    50 1 HALF-YEAR RESULTS ALBEDO has revealed an anaemic set of half-year results, which have lent an air of desperation to its bid to scour for new businesses to lift its waning financials. For the half-year to June 2014, it turned in a loss of S$18,000. 11
    50 words
  • Article
    Lock icon Coca-Cola buys stake in Monster
    29 1 INVESTMENT COCA-Cola on Thursday announced that it had acquired a 16.7 per cent stake in energy drink company Monster Beverage for US$2.15 billion. 15
    29 words
  • Article, Illustration
    Lock icon Lui unveils plan for S$6.2b train-bus depot
    887 1  -  Facility at end of new Thomson-East Coast Line will house 220 trains and 550 buses By Jan Lee janlee@sph.com.sg Singapore INGAPORE is set to see more dramatic changes in its rail landscape with new developments in the pipeline. The world’s first integrated bus
    887 words
  • Article
    Lock icon Developers hard-pressed to price projects modestly
    1022 1  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore LATEST official statistics showed that developers’ housing sales continued to languish last month, but the focus now is on the likely launches for the rest of the year and how much room developers have to price them attractively
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  • TOP STORIES
    • Article, Illustration
      Lock icon Darts group takes aim at Asian market
      668 2  -  This weekend, Singapore hosts a major competition where the world’s top eight players will vie for a US$1 00,000 cash prize By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore ONCE played in pubs by working class folk over copious mugs of beer, the game of
      PHOTO: ARTHUR LEE  -  668 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 GSTI 3,314.77 (+19.94) GSTI FUTURES 3,300.00 (+21.00) GSIMSCI 377.03 (+1.05) GSIMSCI FUTURES 376.60 (+2.50) STOCKS Friday Change KL COMP 1,864.31 +2.73 NIKKEI 225 15,318.34 +3.77 HANG SENG 24,954.94 +153.58 SET 1,546.62 +4.65 JAKARTA 5,148.96 -6.58 MANILA 7,008.51 -52.49 KOSPI Closed SHENZHEN B 947.99 +3.24 MUMBAI IND Closed 12 noon
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.866 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.244 (US$/S$ per 1.668 2.076 EURO (US$/S$/€ 1.338 1.664 Foreign currency per US$ S$ YEN 102.50 82.40 RM 3.158 2.537 HK$ 7.751 6.228 BAHT 31.87 25.61 RUPIAH 11,675 9,381 RENMINBI 6.150 4.942 INDIAN RUPEE 60.82 48.87 A$ 1.072 0.862 NZ$ 1.178 0.947
        49 words
    • Article, Illustration
      Lock icon Regional integration ‘key for jobs, growth’
      526 4  -  But as protectionism may rear its head, Hng Kiang says it is up to countries to forge economic links regionally By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore MORE economic interdependence between Asian countries is critical for Singapore to enjoy more jobs, higher real wages and
      FILE PHOTO  -  526 words
    • Article
      Lock icon Malaysia’s GDP expands 6.4% in Q2
      602 6  -  Unexpected surge could prompt central bank to hike rates for second time this year By S Jayasankaran btworld@sph.com.sg Kuala Lumpur MALAYSIA’S second-quarter gross domestic product (GDP) expanded a sizzling 6.4 per cent year-on-year in an unexpected surge that could prompt the central bank to
      602 words
    • Article, Illustration
      Lock icon June retail sales up a tad, thanks to motor sector
      429 7  -  Without the 12.4% rise in car sales, retail sales would be down 2.1% By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore RETAIL sales for June edged up 0.4 per cent year on year, boosted by sales of motor vehicles, which rose at
      FILE PHOTO  -  429 words
    • Article
      Lock icon Temasek diversifies China bets into tech, consumer sectors
      520 7 Bloomberg Singapore TEMASEK Holdings purchased US-listed stocks in Chinese technology and consumer firms in the second quarter as it diversifies away from bank holdings in Asia’s biggest economy. Temasek, directly or through its units, bought 602,139 American depositary receipts of China’s sec-ond-largest
      Bloomberg  -  520 words
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      Lock icon Page 2 Advertisements Column 1
      91 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-12 S’pore Markets 12 Singapore 13 World 15-16 Stocks Stats 17-21 Perspective 22-23 Crosswords 23 Wealth 24-27 Househunt 26 Real Estate 27 LIVING Shopping L2-5 Home Garden L6-7 Style L8-9 Design L10-11 BT Corporate Golf L12-13 Motoring L14-15 Health L16 Commercial
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      170 3 Luxuriate in the exquisite allure of the world’s renowned luxury watch jewellery brands at THE SHOPPES AT MARINA BAY SANDS Discover the lustrous history of fine watchmaking and high jewellery within The Shoppes at Marina Bay Sands this August, and uncover the process from which these artistic objects are created.
      170 words
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      Lock icon Page 5 Advertisements Column 1
      171 5 INVEST IN THE WORLD'S HOTTEST PROPERTY MARKET* Dubai's rental growth surpassed London and Hong Kong in Q1 2014 66 The most transparent property market in the Middle East” Source: Jones Lang LaSalle Global Real Estate Transparency Index (June 2014) u Real estate remained positive in Q2 with average sale prices
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  • Page 6 Miscellaneous
    • Miscellaneous
      Lock icon Page 6 Miscellaneous Column 1
      31 6 Ivwl $1.6 MILLION Estimated Draw on Mon, 18 Aug 2014 at 6.30pm For details, visit www.singaporepools.com.sg p Always play with care responsibly] Do not bet illegally. RGB Reg No: *****0202G m
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      219 7 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 ii Zikmu Now: $2,688 Parrot Wireless
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Far more than just a game
      2137 8 / 9  -  Self-confessed sports nut Andrea Agnelli tells Lee U-Wen why he’s so passionate about being the chairman of Juventus, Italy’s most decorated football club Lee U-Wen leeuwen@sph.com.sg IT is near the end of the summer of 2012. On a rain-soaked evening at the Bird’s Nest
      PHOTO: YEN MENG JIIN  -  2,137 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Banks expand cash management radar
      838 10  -  Extension of such services to capture smaller firms partly reflects tighter competition in transaction banking By Jamie Lee leejamie@sph.com.sg @JamieLeeBT BANKS are more aggressively extending cash management and other transaction services that are better associated with large multi-national firms, to smaller companies a move that
      PHOTO: BLOOMBERG  -  838 words
    • Article, Illustration
      Lock icon UOB chairman joins ACR Capital
      292 10  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore UNITED Overseas Bank’s chairman, Hsieh Fu Hua, has been appointed the independent chairman of risk solutions group, ACR Capital Holdings. Mr Hsieh, who is also a director of GIC, replaces Thaddeus Beczak who has stepped down after leading the
      292 words
    • Article, Illustration
      Lock icon Albedo in a fix over botched RTO deal, dismal H1 results
      596 11  -  The going gets tough for the ailing steel-maker in its search for new businesses By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore STEEL-MAKER Albedo has revealed an anaemic set of half-year results, which have lent an air of desperation to its
      Source: Bloomberg  -  596 words
    • Article, Illustration
      Lock icon Japfa ends first-day trading on firm note
      342 11  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore INDONESIA’S agri-food company Japfa ended its stock trading debut on Singapore Exchange (SGX) yesterday at 84.5 Singapore cents, up 5.6 per cent from its initial public offering (IPO) price of 80 Singapore cents. The mainboard counter, which
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    • Article, Illustration
      Lock icon Swissco units bag US$94.8m charter deals
      289 11  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore SWISSCO Holdings said yesterday that four subsidiaries of Scott and English Energy have secured charter contracts worth a total of US$94.8 million. The contracts will last for up to a period of two years, involving the provision of
      289 words
    • Article, Illustration
      Lock icon Market up for the week but volume stays low
      587 12  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE market yesterday bought ahead of an anticipated Friday rise on Wall Street with the Straits imes Index gaining 19.94 points at 3,314.77 thanks mainly to large gains in the Jardine group. However, even
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    • Article
      Lock icon STI STOCKS
      119 12 Stock name Close Change Ascendas Reit 2.340 +0.010 CapitaLand 3.330 +0.040 CapitaMall Trust 1.970 CityDev 10.00 +0.220 ComfortDelGro 2.520 -0.020 DBS Grp 17.70 -0.020 Genting Sing 1.260 -0.015 Global Logistic 2.780 +0.020 Golden Agri-Res 0.535 +0.005 HPH Trust USD 0.705 +0.010 HongkongLand USD 7.100 +0.230 JMH 400 USD
      119 words
    • Article
      Lock icon Top hedge funds flock to takeover target Allergan in Q2
      682 12 Reuters Boston BILLIONAIRE investor William Ackman, who often says he is flattered when others follow him into a stock he likes, was joined by several prominent hedge funds that made new bets on takeover target Allergan Inc during the second
      Reuters  -  682 words
    • Article
      Lock icon TOP 20 ACTIVES
      251 12 VOL CLOSE Go l den Agri-Res 86 937 53 .5 0 .5 0 .9 Mirach Energy 75 0.9 916 21 0 .5 2 .4 Japfa 68 2.4 677 84 .5 0 .0 0 .0 S I I C Environment 64 SIIC Environment 371 1 6 .9 0
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    • Article
      Lock icon TOP GAINERS
      66 12 BY CENTS CLOSE UP JMH 400 USD 6000 205.3 2.8 DBXT iBoxxSvEu 5US$ ***** 130.7 0.4 SPDRS S&P 500 10US$ ***** 125.7 0.5 SPDR DJIA 10US$ ***** 99.6 0.5 JSH 500 USD 3598 89.6 2.0 DBXT AUDCS 5US$ ***** 67.2 0.3 DBXT E50 10US$ 5152 64.7 1.0 DBXT
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    • Article
      Lock icon TOP LOSERS
      61 12 BY CENTS CLOSEDOWN DBS Bk 4.7% NCPS 100 ***** -40.0 -0.4 DBXT DBLCI-OY 5US$ 3297 -34.8 -0.8 Great Eastern 2270 -17.0 -0.7 DBXT DBCBLEB 10US$ 1776 -16.2 -0.7 GLD 10US$ ***** -16.2 -0.1 UOB 2284 -16.0 -0.7 Bukit Sembawang 600 -15.0 -2.4 DBXT DBCBDJUBS 10US$ 2832 -13.7 -0.4
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  • SINGAPORE
    • Article
      Lock icon Pay rise for low-income healthcare workers
      517 13  -  1 5% increase for those earning up to S$1 ,700 among better service conditions produced by workgroup in 2-year effort By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT ABOUT 5,000 low-income healthcare workers in Singapore will enjoy 15 per cent higher wages by the end of this
      517 words
    • Article
      Lock icon Kong knows more than he’s letting on: Chew
      476 13  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT THE former investment manager of City Harvest Church has charged that the founder of the church Kong Hee knew more about financing the church’s project in evangelising through his singer-wife Sun Ho’s music than he has let
      476 words
    • Article, Illustration
      Lock icon Navratilova gets a taste of Singapore
      308 13  -  By Cai Yong caiyong@sph.com.sg TENNIS legend Martina Navratilova swung by Singapore this week as part of the “Road to Singapore” promotional event, in the run-up to the Women’s Tennis Association (WTA) Finals in October. Ms Navratilova was in Singapore on Wednesday and Thursday, and
      PHOTO: SINGAPORE TOURISM BOARD  -  308 words
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  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      143 14 HANDICAP 0 to 5.4 BEONE OF FIVE STARS TO REPRESENT SINGAPORE IN AN ALL-EXPENSES PAID WORLD TOURNAMENT IN SOUTH AFRICA 5.5 to 10.4 10.5 to 15.4 15.5 to 20.4 20.5 to 25.4 QUALIFIERS 23 and 29 September (pick one or join both) Sentosa Golf Club, Tanjong Course TOP 80 QUALIFY
      143 words
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  • WORLD
    • Article, Illustration
      Lock icon Coca-Cola buys stake in Monster Beverage
      659 15 It acquires 1 6.7% holding in energy drink firm for US$2.1 5b NYT New York FOR years now, analysts have suggested that the Coca-Cola Co acquire Monster Beverage, the energy drink company. Access to the fast-growing market for the highly caffeinated beverages would help
      NYT; PHOTO: REUTERS  -  659 words
    • Article
      Lock icon US retailers report low sales as shoppers curb spending
      320 15 Reuters Washington WEAK results from the likes of Wal-Mart Stores and Macy’s Inc are the latest sign that less affluent US consumers are still pinching their pennies and the trend appears to be hurting upmarket retailers as well. A number of
      Reuters  -  320 words
    • Article
      Lock icon China savers putting record 12.7t yuan into wealth-management products
      448 15 Bloomberg Shanghai CHINESE households increased the amount of savings diverted into wealth-management products to a record 12.7 trillion yuan (S$2.6 trillion) as the government tries to manage risks from an explosion in shadow banking. The outstanding value rose 24 per cent
      Bloomberg  -  448 words
    • Briefing
      • Article
        Lock icon Malaysian regulator rejects US$317m oil and gas IPO
        123 16 Reuters Hong KongMALAYSIA’S securities regulator rejected a US$317 million initial public offering of Matrix Capacity Petroleum, IFR reported yesterday, citing a source familiar with the deal. The deal would be the biggest in the country for a special purpose acquisition company (SPAC),
        Reuters  -  123 words
      • Article
        Lock icon Alibaba’s film unit suspends trading due to accounting issues
        115 16 AFP Hong Kong A FILM production unit recently purchased by Chinese e-com-merce giant Alibaba suspended trading of its stock yesterday after the discovery of possible accounting inconsistencies. Alibaba Pictures, formerly ChinaVision Media Group, has said the possible irregularities happened before Alibaba’s
        AFP  -  115 words
      • Article
        Lock icon Russia excluded in four new FTSE indexes
        139 16 Reuters Moscow STOCK index compiler FTSE has launched four new indexes that exclude Russia, FTSE said in an announcement sent to investors yesterday. The move follows Western sanctions against several Russian companies over the Ukraine crisis, which had already led another index compiler,
        Reuters  -  139 words
    • Article
      Lock icon July factory output up 1%, producer prices inch higher
      389 16 Production lines in higher gear as people buy cars, firms turn bullish about expanding LATEST US DATA Bloomberg AFP Washington FACTORY production increased in July at the fastest pace in five months as capital spending climbed and motor vehicle demand surged,
      Bloomberg; AFP  -  389 words
    • Article, Illustration
      Lock icon BHP Billiton may spin off some assets
      530 16 Reuters Melbourne DIVERSIFIED mining company BHP Billiton declared its preference for a demerger of its aluminium, manganese and nickel assets yesterday, setting the stage for the formation of a separate business that could be worth at least US$12 billion. BHP said its board
      Reuters; PHOTO: BLOOMBERG  -  530 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8195 17 Transaction date: Aug 15 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 11.8 11.1 13 6.3 1 15.3 56.5 20 5.1 A-Sonic Aero 8.3 +0.1 370 8.3 8.2 8.1 8.3
      8,195 words
    • Article
      Lock icon SGX CATALIST
      2097 20 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 $mil 32.5 25 t 3Cnergy 500 32.5 29.5 39 39 28.5 22 t 800 Super 26 unch 172 26 26 25.5 26.5 3.2 3.8 8.1 46.5
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 20 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 4 0 0 0 7 4 4 Manufacturing 56 37 41 6 8 15 62 45 56 Commerce 24 17 13 5 6 5 29 23 18 Tpt/Stor/Comms 19 10 13
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      803 20 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 11 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Innovalues 14-Aug-14 Goh Leng Tse Buy 1000 0.25 ***** 20.00 ***** 20.31 Fortune Reit 13-Aug-14 ARA Asset
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 20 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,216 11,216 37,392 37,392 Manufacturing 294,584 119,188 413,772 179,687 12,701 192,387 Commerce 94,303 44,062 138,365 73,216 3,529 76,744 Tpt/Stor/Comms 82,960 36,318 119,278 114,490 5,268 119,758 Finance 30,145 399 30,544 116,384 87 116,471 Construction 60,345 32,136
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 21 Aug 14 COCOA (£/tonne) Close Prev High Low Sep 14 2072 2047 2073 2046 Dec 14 2030 2024 2031 2015 Mar 15 1994 1989 1996 1980 May 15 1976 1972 1978 1964 COFFEE(US$/tonne) Close Prev High Low Sep 14 1945 1965 1965 1941 Nov 14 1956 1976 1977 1953
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    • Article
      Lock icon METALS
      66 21 Aug 15 GOLD(US$/oz) Aug 15 Aug 14 Hong Kong 1316.00 1318.00 Aug 14 Aug 13 London 1312.30 1311.67 1313.05 1312.21 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.21 24.44 Source: UOB PLATINUM Lon (US$/oz) Aug 14 Close Previous PM Fix 1468.00 1471.00 AM Fix 1472.00 1470.00 Source:
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 21 Aug 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.187 1.131 Can dollar 1.163 1.119 Euro 1.704 1.623 Sterling pound 2.118 2.037 NZ dollar 1.081 1.040 US dollar 1.271 1.211 Local dollars to 100 units of foreign currency: Currencies Sell
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 21 YTD change: +4.65% 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 21 YTD change: +7.07% 52-week high: 25,010.31 on Aug 15,2014 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 21 YTD change: +5.23% 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 21 YTD change: -5.97% 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
        27 21 YTD change: +0.83% 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  -  27 words
    • Article
      Lock icon PALM OIL
      53 21 Aug 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2166.0 840 Sep 14 2144.0 2150.0 2157.0 2099.0 1740 ***** Oct 14 2118.0 2133.0 2140.0 2085.0 ***** ***** Nov 14 2117.0 2134.0 2139.0 2085.0 9193 *****
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 21 Aug 15 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-16 101.08 5-Year NX*****W 2.5 01-Jun-19 105.76 105.80 105.80 10-Year NY*****H 3.000 01-Sep-24 105.81 105.85
      82 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 21 Aug 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1605 1.1607 0.9326 0.9327 Canadian dollar 1.1418 1.1425 0.9180 0.9175 Euro 1.6643 1.6646 1.3374 1.3376 NZ dollar 1.0559 1.0567 0.8485 0.8491 Sterling pound 2.0758 2.0764 1.6681 1.6685
      155 words
    • Article
      Lock icon CHICAGO BOT
      104 21 Aug 14 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 14 1224.50 1264.50 1300.00 1235.00 Sep 14 1098.25 1079.50 1099.00 1071.25 Nov 14 1056.00 1046.75 1059.00 1038.75 Jan 15 1064.75 1055.50 1067.50 1048.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Aug 14 33.60 33.95 33.85 33.46
      104 words
    • Article
      Lock icon OIL
      68 21 Aug 14 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 102.56 -1.16 WTI (Near Mth) 95.54 -1.88 Dubai (1-Mth F) 102.79 1.13 Tapis blend 106.14 1.53 Minas 101.84 1.53 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.00 0.17 Jet Kerosene 118.05 2.00 US$/barrel OpecOil Basket Price 100.88
      68 words
    • Article
      Lock icon LONDON METALS
      73 21 Aug 14 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1986.50 2009.00 3 months 1997.00 2026.00 Copper, Grade A (US$/tonne) Cash 6839.00 6898.50 3 months 6825.00 6885.00 Lead (US$/tonne) Cash 2187.50 2208.50 3 months 2200.50 2220.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 21 In local curr In S$ In US$ dy yr dy yr dy yr Aug 14 Index Change Change Change Change Change Change World Preliminary 1224.7 0.3 3.4 0.1 1.8 0.3 3.2 EAFE Preliminary 953.5 0.4 -0.3 0.1 -1.9 0.4 -0.6 Europe Preliminary 1351.1 0.3 -0.3
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Using science to improve life in S’pore
      1288 22 / 23  -  Harnessing new technologies will enhance sustainable city living here. Our future will thrive on our ability to convert waste to new materials. By Andy Hor By Andy Hor The writer is executive director of A*Star’s Institute of Materials Research and Engineering SINGAPORE has
      FILE PHOTO  -  1,288 words
    • Article
      Lock icon The humanities are every bit as relevant an an iPhone
      799 22 / 23  -  By Nicholas Kristof The New York Times WHAT use could the humanities be in a digital age? University students focusing on the humanities may end up, at least in their parents’ nightmares, as dog-walkers for those majoring in computer science.
      The New York Times  -  799 words
  • Page 22 / 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 / 23 Miscellaneous Column 1
      324 22 / 23 SATURDAY with Ludwig What software do I use to open this padlock?’ CRYPTIC CROSSWORD Across 1 Suit you’ll need when entering church (4) 3 Cool number, new song about the French female (10) 9 Orderly to have a snack after end of session (4) 10 Coping with supporters a bad
      324 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Foreign investors lock in on Aussie firms
        839 24 / 25 Their interest is putting 2014 on course to be the biggest for merger activity in Australia in seven years Bloomberg Sydney A buying spree in Australia by foreign acquirers may drive deal-making this year to the highest level since 2007. Overseas buyers struck
        Bloomberg; PHOTO: REUTERS  -  839 words
      • Article
        Lock icon Berkshire shares shoot past US$200k apiece
        762 24 / 25 Bloomberg New York BERKSHIRE Hathaway Inc traded above US$200,000 for the first time, further validating chairman Warren Buffett’s dec-ades-long bet on the US economy. The Class A shares climbed 1.6 per cent to US$202,850 at 4.15 pm on Thursday in New York. That’s more
        Bloomberg  -  762 words
      • Article
        Lock icon BROKERS’ TAKE
        752 24 / 25  -  Compiled by Jamie Lee City Developments HOLD DBS Group Research Aug 15 Close: S$10 CITYDev reported a 33 per cent y-o-y drop in net profit to S$119.7 million on top of a 6 per cent rise in revenues to S$861.1 million. PBIT came in -31.4 per cent y-o-y
        752 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt
        802 26 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 2 AND JULY 8, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Alex Residences Apt 07/07/2014 99 1023 1646 1610 Commonwealth Twr Apt 04/07/2014 99 474
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        1206 27 CityShares pools money from investors to invest in burgeoning markets that are poised to grow Bloo mberg New York NEW York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions.
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      27 28 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax 6746-1925.
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      68 1 LivingBTTHE BUSINESS TIMES WEEKEND AUGUST 16-17, 2014 OUT OF THE BOX Retail takes a new turn with regular delivery to your door via subscription L2-5 DESIGN In the driver’s seat L10 HOME GARDEN House of exhibits L6-7 DESIGN Pretty gardens by the Bay L11 BT CORPORATE GOLF LEAGUE Defending champs
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        3916 2 / 3  -  A monthly surprise delivery to your doorstep what’s not to love? Debbie Yong looks at the recent resurgence and potential pitfalls of subscription retail services in Singapore, and highlights a few notable ones. Debbie Yong IT SEEMS like a no-brainer. Man has needs (or wants). Man
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    • HOME & GARDEN
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        1114 6 / 7  -  The home of David Chua and Jeannie Ong is a showcase of their antiques, furnishings and items collected during their frequent travels abroad. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT DESIGNER and architect Kee Wei Hui describes her clients’ home as
        ALL PHOTOS BY YEN MENG JIIN  -  1,114 words
    • STYLE
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        Lock icon Tiffany to a T
        848 8  -  Tiffany Co’s first female design director Francesca Amfitheatrof infuses her first collection with versatility and utilitarian glamour for the modern woman. By May Yip By May Yip IT’S difficult to meet the doe-eyed, effortlessly stylish Francesca Amfitheatrof without hating her, just a little. Not only is
        PORTRAIT OF FRANCESCA AMFITHEATROF BY MARTIN CROOK  -  848 words
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        Lock icon From mothers to mothers
        907 9  -  A charity tie-up between Victoria Beckham and e-tailer The Outnet sheds light on the work of Mothers2Mothers, a charity that works to prevent mother-to-child transmission of HIV/AIDS. By May By May Yip STYLE icon Victoria Beckham is paying it forward with her fashion-forward wardrobe. The fashion
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        Lock icon In the driver’s seat
        965 10  -  The CEO of famed Danish furniture maker Carl Hansen Son talks to Tay Suan Chiang about his ambitious plans to expand the business Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT KNUD Erik Hansen says that when he joined his family business, Carl Hansen Son in 2002, “there was
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        Lock icon Pretty gardens by the Bay
        571 11  -  This year’s Singapore Garden Festival will be the first to be held outdoors. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT FOR the first time, the Singapore Garden Festival will be in an outdoor location, at Gardens by the Bay. But being in a natural setting comes
        PHOTOS: YEN MENG JIIN  -  571 words
    • BT CORPORATE GOLF LEAGUE 2014
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        975 12 / 13  -  Team SunMoon are seven points ahead of SPH Sultans of Swing after Tuesday’s match. By Justine Moss AT THE halfway mark of the competition, it’s a familiar name standing alone at the top of the Business Times Corporate Golf League ladder. Winners in 2012 and 2013,
        PHOTOS: GOLF DIGEST SINGAPORE  -  975 words
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        Lock icon Sponsor Boustead takes the swing too
        408 12 / 13 BOUSTEAD has been a sponsor of the BT Corporate Golf League since the competition began in 2010. However, this year is the first that the company has fielded a team. Team captain Donovan Sia says: “We continue to be a sponsor of the league
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        308 12 / 13 THIS year, DHL has not only fielded a team in the league but is also a sponsor. Says team captain Sunny Yap, senior director of sales, Global Multinational Customers, DHL Express Singapore: “We had a great time for the past two years and so
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        529 14  -  The new Nissan Qashqai gets sportier styling and a direct injection engine. By Samuel Ee samuelee@sph.com.sg THERE is a new Nissan Qashqai and it has suddenly transformed itself into a sharper, less cuddly-looking crossover. The previous version of this UK-made model by Japan’s second biggest carmaker had softer
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        630 15  -  The Mercedes-Benz GLA200 may look like a buff A-Class hatch but it’s actually a compact SUV. By Samuel Ee samuelee@sph.com.sg DEPENDING on your world view, the Mer-cedes-Benz GLA-Class compact sport-utili-ty vehicle can either be an entry-level SUV or a high-end hatchback. The GLA-Class is based on
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    • HEALTH
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        821 16  -  When it comes to sun protection, the higher the SPF number the better, right? And what does the PA+ stand for anyway? L’Oreal’s expert in photoprotection lays bare the facts. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg SO here are the definitive guidelines: You want to
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      797 4 / 5 wine&dine with BTWeekend Peach Blossoms Marina Mandarin Singapore 6 Raffles Boulevard Nostalgic Dim Sum Dim sum chef Chai Kok Ngean brings back traditional favourites with an enticing dim sum feast at Peach Blossoms. From Sept 1 to Oct 31, relish authentic flavours brought to you on a dim sum cart
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      103 12 / 13 .ft'' "•\u M Ik. 01 The Business Times CORPORATE GOLF LEAGUE presented by Audi Hole-In-One Sponsors iUDEMARS PlGUET (JJJJ n,A Le Brassus Audi Sponsors uasnui fer enturion Gmfan Networking Night Partner Operated by Singapore Media Partner Co-organised by BpS L PtAK.ii3LT Ace Medical ambient lounge* Services AYUTIIAYA BOSS HUGO BOSS
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      86 16 uc HEART, STROKE CANCER CENTRE Preserving Health and Longevity Worried about dti V Heart Attack? CT Coronary Angiogram at $399 mL CALL (+65) 6881 8811 FOR YOUR APPOINTMENT TODAY 4 The abovementioned price is not inclusive of CT IV contrast. Kindly present this during your visit. HEART, STROKE CANCER CENTRE
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  • S SPECIAL APEA 2014 ASIA PACIFIC ENTREPRENEURSHIP AWARDS
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      Lock icon Celebrating entrepreneurial excellence
      559 1  -  The Asia Pacific Entrepreneurship Awards 2014 honours 14 winners for their innovations and fair business practices By Narendra Aggarwal FOURTEEN Singapore entrepreneurs were honoured at the Asia Pacific Entrepreneurship Awards (APEA) 2014 last month. This year, there were seven winners each in two categories Outstanding and Most
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      Lock icon From rice stall to food empire
      632 2  -  Chang Cheng Group’s Dato’ Sri Ricky Kok Kuan Hwa reaps the fruits of his labour By Suki Lor GROWING his business from a single Chinese mixed vegetable rice stall in the HDB heartland into a mini food empire with annual sales exceeding $100 million
      PHOTO: CHANG CHENG GROUP  -  632 words
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      Lock icon The sky’s the limit
      612 3  -  Mr Desmond Teo of Gaylin keeps up with changes to stay ahead By Mike Lee JOINING his older brothers in the family business at Gaylin was a natural progression for Mr Desmond Teo after completing his national service in 1979. Gaylin started in 1974 from a
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      558 4  -  Encompass Digital Media (Asia)’s Deepakjit Singh overcomes all odds with a positive attitude By Narendra Aggarwal INNOVATION is a never-ending process and each achievement is a stepping stone as growth only comes from innovation, says Mr Deepakjit Singh, one of the sev- en winners in the
      PHOTO: ENCOMPASS DIGITAL MEDIA (ASIA)  -  558 words
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      Lock icon IT solutions that work
      589 6  -  Innovation is key to the success of Unipro’s Iqbal Abdul Aleem By Ahmad Osman THE Singaporean chief executive officer and managing director of the Unipro group of 22 companies, Mr Iqbal Abdul Aleem, 42, clinched his second accolade for outstanding entrepreneurship recently. He is one of
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      Lock icon Communicating effectively
      683 8  -  Verztec Consulting’s Nicholas Goh aims to be the best in his line of business By David McMahon WHEN Mr Nicholas Goh talks about fruit, he is not referring to durians. The chief executive officer of Verztec Consulting, a Singapore-based content consulting company launched in 2000, makes the corporate
      PHOTO: VERZTEC  -  683 words
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      Lock icon A winning hands-on approach
      640 9  -  The Project Group’s Paul R Lim braves the Asian financial crisis to start a business By Panchalee Thakur AFTER having single-handedly weathered the difficult times that arose out of the Asian financial crisis of 2009, The Proj- ect Group’s managing director Paul R. Lim has since
      PHOTO: THE PROJECT GROUP  -  640 words
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      653 10  -  Know when to break rules to be an excellent entrepreneur, says KOP Limited’s Ong Chih Ching By Panchalee Thakur NEVER mind that they had no track re cord in the real estate business. When Ms Ong Chih Ching and her business partner Leny Suparman learnt that The
      PHOTO: KOP  -  653 words
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      720 11  -  HutCabb Consulting’s Oliver Tian never stops learning to stay on top in the business By Jasmine Osada ONE month before he was to graduate from university, Mr Oliver Tian’s computer science lecturer made a startling announcement to the class what they had learnt in the first year had
      PHOTO: HUTCABB CONSULTING  -  720 words
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      Lock icon Path to success
      379 11  -  Be tenacious to succeed, says Biomax Technologies’ Sim Eng Tong By Hazel Tan AT 56, when most people are beginning to think about retirement, Mr Sim Eng Tong co-founded Biomax Technologies, a biotech company that researches complex enzyme-based solutions to support sustainable business operations. Now 61 and
      PHOTO: BIOMAX TECHNOLOGIES  -  379 words
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      Lock icon Build on integrity
      387 11  -  Having a credible name is essential to growing successful ventures By Seow Kai Lun IF YOU demonstrate that you are trustworthy, people will stick by you and opportunities will come your way, says Mr Winston Chia, managing director of Serrano Holdings, one of seven winners in the
      PHOTO: SERRANO HOLDINGS, DCF ENGINEERING  -  387 words
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      202 12 BACK ROW (FROM LEFT): Oliver Tian, CEO and director of HutCabb Consulting; Sim Eng Tong, CEO of Biomax Technologies; Iqbal Abdul Aleem, managing director of Unipro Group of Companies; Winston Chia Wing Keong, managing director of Serrano Holdings; Deepakjit Singh, managing director of Encompass
      PHOTO: ENTERPRISE ASIA  -  202 words
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      141 2 Thank You To All Our Clients, Partners And Staff! Verztec is a leading ISO 9001:2008 Global Content Consulting Company. Verztec assists companies around the world to design, develop, translate and publish their global communication messages in over 100 languages across various channels. Founded in 2000, Verztec supports a third of
      141 words
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      208 3 CHAMPIONING A FREE, FAIR ENTERPRISING ASIA Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo a stringent selection process which is one of the toughest in the region. The
      208 words
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      205 4 sOj>S'S° a*® ft A *J A> sAPEA 2014 CHANG CHENG GROUP The new Generation l*t A 4’t (2 Chang Cheng Group builds itself on the values of founder Ricky Kok and has become a symbol of sumptuous and wholesome home-cooked fares. Above and beyond offering customers a wide variety of
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      160 5 GAYLIN Trusted For Lifting Rigging \T~| the Asia Pacific Entrepreneurship Awards APEA 2014 Asia Pacific Entrepreneurship Awards TM A r SI jr. Providers of solutions to the Offshore Oil and Gas Industry Specialising in supply of Heavy Lift Slings and Deep Water Mooring Systems SEJ> 5 @2 n SINGAPORE Gaylin
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      196 6 CHAMPIONING A FREE, FAIR ENTERPRISING ASIA Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo a stringent selection process which is one of the toughest in the region. The
      196 words
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      215 6 CHAMPIONING A FREE, FAIR ENTERPRISING ASIA Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo a stringent selection process which is one of the toughest in the region. The
      215 words
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      226 7 rAPEA 2014 Asia Pacific Entreprfneurship Awards CHAMPIONING A FREE, FAIR& ENTERPRISING ASIA Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo a stringent selection process which is one of
      226 words
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      124 8 The Asia Pacific Entrepreneurship Award is bestowed by Enterprise Asia on outstanding entrepreneurs in the region. Outstanding entrepreneurs create and lead outstanding companies. Serrano Serrano Holdings Pte Ltd is a multiple award-winning company specialising in the interior fit-out of commercial and residential condominium projects. It has operated in or has
      124 words
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      159 8 CHAMPIONING A FREE, FAIR ENTERPRISING ASIA Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo a stringent selection process which is one of the toughest in the region. The
      159 words
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      72 9 V A 'T>'P 'A AsiaP/cutc /A I-' It AA Entrepreneurship 20 i? HUTCFIBB SERVICES bips r#iPS MOVEMENT INTELLIGENT PHOCBSSINC SYSTEM CongratuCations to our 'Boss! Mr Oliver Tian for winning the Most Promising Entrepreneurship Award Asia Pacific Entrepreneurship Awards (2014) w r^yA t r i—a-. CEO Director s HutCabb Services HUTCRBB
      72 words
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      194 10 CHAMPIONING A FREE, FAIR ENTERPRISING ASIA Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo a stringent selection process which is one of the toughest in the region. The
      194 words
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      110 12 A VISIONARY IN ASIA'S BROADCAST INDUSTRY Congratulations to Outstanding Entrepreneur Mr. Deepakjit Singh, Managing Director for Encompass Digital Media Asia, in demonstrating sheer grit and determination in making Encompass one of the best broadcast facilities in the region. "I am honoured to have received this award as a reflection of
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