The Business Times, 20 August 2014

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Microfilm: NL33222
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Wednesday, August 20, 2014
    25 words
  • Article, Illustration
    Lock icon Diesel cars in vogue now
    660 1  -  Fuel efficiency, lower pump prices and improved low-end torque also pull factors By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] Carbon emis-sions-based vehicle scheme (CEVS) rebates and the COE recategorisation are fuelling the growth of die-sel-engined cars, which has been rising even as the overall car population is
    Source: LTA  -  660 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,316.43 (+3.65) GST INDEX FUTURES 3,306.00 (+4.00) GSIMSCI 376.73 (+0.72) GSIMSCI FUTURES 377.10 (+2.40) US$ S$ US$ (S$ per US$) 1.245 (US$/S$ per 1.670 2.079 EURO (US$/S$/€ 1.335 1.662 Foreign currency per US$ S$ YEN 102.60 82.40 RM 3.154 2.534 HK$ 7.751 6.227 BAHT 31.86 25.60 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      49 1 Tuesday Change KL COMP 1,872.16 +10.41 NIKKEI 225 15,449.79 +127.19 HANG SENG 25,122.95 +167.49 SET INDEX 1,542.85 +0.49 JAKARTA COMP 5,165.17 +8.42 MANILA COMP 7,082.75 +55.17 SEOUL COMP 2,071.14 +18.01 SHENZHEN B 945.68 -4.28 MUMBAI IND 26,420.67 +29.71 12 noon EDT Change DOW 16,906.46 +67.72 NASDAQ 4,518.53 +10.21
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE MALAYSIA MALAYSIA 5.35 6.55 5.00 INDONESIA 14.902 TAIWAN 5.036 JAPAN CANADA KOREA SWITZERLAND BRITAIN INDIA US Source: Bloomberg
      21 words
  • Article, Illustration
    Lock icon More payment delays in Q2, especially by construction sector
    719 1  -  By LEE MEIXIAN By leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] Local companies were less prompt with their bill payments in the second quarter, with the construction sector being the most tardy. The Singapore Commercial Credit Bureau (SCCB), a body which tracks the credit history
    Source: Singapore Commercial Credit Bureau  -  719 words
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      429 1 STRAIT TALK Action ashore needed to eradicate piracy PAGE 22 HOCK LOCK SIEW Patience needed for Wing Hang to bloom PAGE 4 BERITA HARIAN AWARD Rehab group is Achiever of the Year PAGE 10 COMMENTARY Will Yellen shift at Jackson Hole? PAGE 21 EXECUTIVE MONEY Good retirement planning tutorial Page
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      460 2 Diesel cars are in vogue now CARBON emissions-based vehicle scheme rebates and the COE recategorisation are fuelling the growth of diesel-engined cars. FRONT PAGE More payment delays in Q2, especially in construction LOCAL companies were less prompt with their bill payments in the second quarter, with the construction
      460 words
    • Article
      Lock icon US housing market picks up, inflation pressures muted
      513 2 Data is supportive of Fed’s slow approach to exiting monetary accommodation LATEST US DATA Reu ters [WASHINGTON] US housing starts rebounded strongly in July, pointing to momentum in the economy, but a moderate increase in consumer prices suggested the Federal Reserve has
      Reuters  -  513 words
    • Article, Illustration
      Lock icon Stanchart may pay US$300m over deal violation
      545 2 Bloomberg [NEW YORK] Standard Chartered is close to agreeing to pay as much as US$300 million to resolve claims by New York’s banking regulator that it did not flag suspicious transactions after promising to do so in a 2012 accord, a person with
      Bloomberg; PHOTO: AFP  -  545 words
    • Article
      Lock icon Clarification
      37 2 IN “Delays hit hospital’s opening” (BT, Aug 18), we described Benjamin Ong as a National University of Singapore associate professor. The Ministry of Health has pointed out that Prof Ong is its director of medical services.
      37 words
    • Article, Illustration
      Lock icon Awaiting the first commercial satellite
      588 2  -  New ST Electronics’ facility to launch TeLEOS-1 in Q4 2015 By CAI YONG caiyong@sph.com.sg [SINGAPORE] Activity in space is hotting up, and Singap ore wants to stay abreast of the action. The global space economy shot past US$314 billion last year, translating to an average
      PHOTO: LIANHE ZAOBAO  -  588 words
    • Article, Illustration
      Lock icon HK-based startup raises US$6.5m Series A funding
      352 2  -  By CHAN YI WEN yiwenc@sph.com.sg [SINGAPORE] Technology startup GoGoVan, yesterday announced that it had successfully raised US$6.5 million in Series A funding. Based in Hong Kong, GoGoVan is a mobile app that connects users, looking to move or deliver items, with a network
      352 words
    • Article, Illustration
      Lock icon China/HK developers lead bids in Potong Pasir tender
      818 3  -  MCC Land offers S$775 psf ppr, pipping Cheung Kong By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] A state tender for a commercial and residential site next to Potong Pasir MRT Station has surprised the market with a whopping 15 bids, with strong participation
      Source: URA, ACRA and BT sources; BT graphics  -  818 words
    • Article, Illustration
      Lock icon Kong was indifferent to church’s losses: Chew
      650 3  -  Quizzed on church monies, Kong denies Chew’s points CITY HARVEST TRIAL BY CLAIRE HUANG huangjy@sph.com.sg @C|aireHuangBT [SINGAPORE] The former fund manager of City Harvest church yesterday charged that church founder Kong Hee was “not that concerned about the church suffering losses”, contrary to
      650 words
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      78 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Patience needed for Wing Hang to bloom
      823 4  -  HOCK LOCK SIEW By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT EIGHT months on since OCBC Bank said it was in exclusive talks to buy Hong Kong’s Wing Hang Bank, the process has run smoothly and Monday’s rights issue announcement has capped a successful acquisition.
      PHOTO: BLOOMBERG  -  823 words
    • Article, Illustration
      Lock icon Great disturbance in the banking Force
      457 4  -  Digital disruption can be both boon and bane for Asian banks: McKinsey By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT “DO. Or do not. There is no try.” Take it from Yoda when it comes to online banking, with a McKinsey analysis suggesting that the disruption from
      Source: McKinsey; BT graphics  -  457 words
    • Article
      Lock icon Logistics Hldgs bags S$66.5m MOE works
      266 7  -  Latest building jobs add to string of successes this year By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT BUILDING and construction group Logistics Holdings yesterday announced it secured three contracts worth S$66.5 million in total through its whol-ly-owned subsidiary, Logistics Construction, from the Ministry of Education (MOE).
      266 words
    • Article
      Lock icon DBS named best Asia-Pacific bank
      154 7 DBS Bank is the best bank in the Asia-Pacific region, according to Global Finance magazine’s World’s Best Banks 2014 Awards. The annual listing includes the best bank worldwide for corporate, consumer and private banking, emerging markets, frontier markets, Islamic finance, asset management, global custody, investment
      154 words
    • Article
      Lock icon Citic unit not in bid for Biosensors
      138 7 Reuters BIOSENSORS International Ltd said yesterday that a private equity unit of Citic Group has decided not to proceed with its takeover bid of the company. Citic Private Equity Funds Management Co Ltd was reported to be in talks to take over the
      Reuters  -  138 words
    • Article
      Lock icon PICTET
      271 7 Pictet-Absl Rtn Fxd Inc-HP EUR 13/08/2014 EUR 102,89 Pictet-Absl Rtn Glo Div-P EUR 13/08/2014 EUR 116,75 Pictet-Asian Equities Ex Japan-P USD 14/08/2014 USD 198,57 Pictet-Asian Local Currency Debt-P USD 14/08/2014 USD 150,24 Pictet-Biotech-P USD 15/08/2014 USD 604,34 Pictet-Clean Energy-P USD 13/08/2014 USD 87,48 Pictet-Digital Communication-P USD 13/08/2014 USD 213,62
      271 words
    • Article, Illustration
      Lock icon Marco Polo and Nam Cheong join forces
      641 7  -  The two companies form a joint venture to expand their businesses By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT ADDING to the recent hive of corporate activity in the Singapore offshore marine sector, Marco Polo Marine and Nam Cheong yesterday announced a joint venture (JV) company
      FILE PHOTO  -  641 words
    • Article, Illustration
      Lock icon From the ‘new normal’ to a ‘secular stagnation’
      530 8  -  New e-book looks at how sluggish growth might be taken as the norm By MOHAMED A EL-ERIAN Bloomberg ARE the United States and Europe suffering from more than the aftermath of a major financial crisis? Might they be stuck in an unusual
      Bloomberg; PHOTO: AFP  -  530 words
    • Article
      Lock icon Skymark shares get AirAsia boost
      424 8 Bloomberg [TOKYO] Skymark Airlines shares gained the most in almost six years in Tokyo trading yesterday as AirAsia was said to be considering support, including taking a stake in the airline. Skymark climbed 28 per cent, the most in intraday trading since 2008, to 230
      Bloomberg  -  424 words
    • COMPANY BRIEFS
      • Article
        Lock icon Ezra shareholders okay consolidation move
        45 8 EZRA Holdings said yesterday that its shareholders have approved the proposed consolidation of its offshore support services division, Emas Marine, with its associated company, EOC Ltd; the proposed listing of EOC on SGX; and the secondary sale of EOC shares.
        45 words
      • Article
        Lock icon Figtree buys Melbourne property for A$14m
        64 8 THE real estate arm of Figtree Holdings, Figtree Real Estate, will be acquiring a freehold property in Melbourne at a purchase consideration of A$13,998,000 (S$16.24 million) by way of tender. It intends to develop the freehold land parcel with an existing three-storey building with
        64 words
      • Article
        Lock icon SIIC’s China unit wins Dalian water project
        32 8 SIIC Environment Holdings’ Weifang subsidiary has been awarded a BOT (build-operate-transfer) wastewater treatment project by the Dalian Municipal Government Water Authority in Dalian City, China.
        32 words
    • Article
      Lock icon BROKERS’ TAKE
      958 8  -  Compiled by KENNETH LIM OCBC Bank Aug 19 close: S$10.31 DEUTSCHE BANK, Aug 19 OCBC announced a renounceable rights issue of 440 million shares at an issue price of S$7.65 (25 per cent discount to last Friday’s close), with a TERP (theoretical ex-rights price) of S$9.92 (23 per
      958 words
    • Article
      Lock icon More smaller firms make it to fastest-growing list
      358 8  -  17 with sales below S$100m in FG50 list, up from 6 last year By MINDY TAN tanmindy@sph.com.sg @MindyTanBT SMALLER companies are outshining their larger counterparts according to DP Information Group’s Fastest Growing 50 (FG50) Awards. A total of 17 companies with turnovers
      358 words
    • Article
      Lock icon ICAP S’pore CEO Warner resigns
      173 8 Bloomberg ANTHONY Warner, chief executive officer of ICAP plc’s Singapore unit, resigned after 25 years with the broker and will leave at the end of this month, two people with knowledge of the matter said. Danny Cheung, a managing director in Singapore, will succeed Mr
      Bloomberg  -  173 words
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      16 4 WATCH out for The Business Times' annual watch supplement! Get a copy this Friday with BT
      16 words
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      115 4 MEDICAL Dedicated to Women’s Health in the heart of Orchard Road Health Screening Medical Aesthetics Diagnostic Imaging Exclusively for women and seamlessly integrated with each other, Thomson Medical’s new centres Thomson Well Women Clinic and Thomson Women Imaging, are now open in Scotts Medical Center. IM cWELL WOMEN CLINIC 6735
      115 words
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      130 5 m y --I v LV 15; fl fj WrW i 1 ow nS ..<s> S t» (t X a rl 3 ?s> i r# irfVlV •*53 rX/ rx Protect your company's online presence Safeguard your company's online presence with Ml's Distributed Denial of Service (DDoS) mitigation service. Backed by round-the-clock
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Marginal gains for local market
      658 6  -  Regional bourses fare better, fuelled by upbeat US housing data, stabilisation in Ukraine conflict STOCKS ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent IT was kind of rudderless for the stock market which stayed sideways for the week’s second trading day, gaining marginal points against a regional
      Source: Bloomberg  -  658 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Aug 19 VALUE CLOSE BT OB/OS -229.00 +18.00 BT CADI -*****.00 +65.00 BT 10-day MA -*****.00 -23.00 FTSE ST Mid Cap 773.89 +3.93 FTSE ST Small Cap 555.31 +2.33 FTSE ST All Share 806.66 +1.59 FTSE ST China Top 199.17 +0.22 FTSE ST China 229.49 +0.32 FTSE
      77 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Artivision Tech 132,620,000 Jaya 108,014,000 MDR 93,275,000 IHC 63,681,000 ThaiBev 62,103,000 Mirach Energy 55,335,000 APAC Strategic 50,128,000 Alliance Mineral 37,919,000 Singapore eDev 36,437,000 JES Intl 35,198,000 VALUE($) OCBC Bank 70,693,280 CapitaLand 47,582,562 DBS Grp 46,321,891 SingTel 45,449,860 UOB 45,093,504 ThaiBev 40,184,475 CapitaMall Trust 31,701,610 Sembcorp Ind
      58 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 4 0 0 0 5 5 4 Manufacturing 46 42 45 4 9 11 50 51 56 Commerce 18 23 18 5 5 5 23 28 23 Tpt/Stor/Comms 25 10 8
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,038 22,038 65,699 65,699 Manufacturing 336,967 47,160 384,127 175,832 7,166 182,998 Commerce 33,896 40,715 74,611 51,888 2,664 54,551 Tpt/Stor/Comms 213,944 31,535 245,479 133,390 5,005 138,396 Finance 20,543 758 21,301 173,010 168 173,178 Construction 23,355 54,547
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      120 6 Stock name Close Change Ascendas Reit 2.350 +0.010 CapitaLand 3.360 +0.070 CapitaMall Trust 1.995 +0.015 CityDev 9.840 -0.030 ComfortDelGro 2.480 -0.020 DBS Grp 17.680 -0.050 Genting Sing 1.250 +0.005 Global Logistic 2.780 Golden Agri-Res 0.520 -0.005 HPH Trust USD 0.710 +0.005 HongkongLand USD 7.070 +0.030 JMH
      120 words
    • Article, Illustration
      Lock icon Calmer Ukraine sees steady greenback
      417 6 CURRENCIES AFP [TOKYO] The US dollar held steady in Asia yesterday as concerns over a Ukrainian clash with Russia eased, while investors looked to a speech by the US Federal Reserve chief this week. In afternoon Tokyo trade, the greenback rose to 102.62 yen, from
      AFP; PHOTO: BLOOMBERG  -  417 words
    • Article
      Lock icon RISES
      119 6 BY CENTS CLOSE UP SPDR DJIA 10US$ ***** 155.6 0.7 SPDRS S&P 500 10US$ ***** 119.5 0.5 DBXT Nifty 10US$ ***** 88.4 0.5 DBXT SPASX200 10US$ 4343 58.5 1.1 DBXT AUDCS 5SG$ ***** 55.0 0.2 DBXT AUDCS 5US$ ***** 54.8 0.2 DBXT MSKorea 10US$ 6606 53.5 0.7 Lyxor AsiaCS
      119 words
    • Article
      Lock icon FALLS
      131 6 BY CENTS CLOSE DOWN DBXT USDIGInfl 5US$ ***** -115.8 -0.3 DBXT iBoxxSvEu 5US$ ***** -89.6 -0.3 DBXT AUD Bonds 5AU$ ***** -85.9 -0.4 DBXT EONIA 5US$ ***** -66.0 -0.3 JMH 400 USD 6071 -41.1 -0.5 DBXT FTVietnam 10US$ 2833 -36.1 -1.0 UOB.ES.1408 2271 -34.0 -1.5 DBXT iBoxxKR 5US$ *****
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    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 6 DAILY
      4 words
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      129 6 II NEVER MISS A GOLDEN OPPORTUNITY WITH IG M a? 1M >vv •S ■V. 2 4 -i. M I h i# ‘j*r Cm -,4 V- <£)»' fe GO LONG OR SHORT ON A WEALTH OF GLOBAL COMMODITIES Trade agricultural, energy and metal commodity CFDs on tight spreads and avoid currency
      129 words
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      48 7 m A m <9 J a w I 1 i r a 0 acy m3eF HOROLOGICAL LAB WWW.MBANDF.COM i THE HOURGLASS SINGAPORE PARAGON MORE PASSION ION ORCHARD L'ATELIER KNIGHTSBRIDGE MALMAISON TEL: 65-6735 6466 TEL: 65-6509 9268 TEL: 65-6884 8484 KUALA LUMPUR PAVILION SHOPPING MALL TEL: 603-2148 8930 WWW.THEHOURGLASS.COM
      48 words
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      192 8 CONTENTS Spot short-term potential equities based on daily stock rotation Fundamental interpretation on stock trading Technical application to spot new price extension Calculated risk management versus time-window exit Recording of personal trade journal LEARNING OUTCOME: Trainees may start trading in real market at very low risk immediately after the 1-day
      192 words
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      228 8 InvestorRelationsHighlights Steady Growth For Centurion Corp With 62% Y-O-Y Increase In 2Q 2014 Net Profit To S$7.5 Million Centurion Corporation Limited reported a net profit of S$7.5 million from its continuing operations for the second quarter (“2Q 2014”) ended 30 June 2014. This translated to a considerable 62% increase year-on-year,
      228 words
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  • Article, Illustration
    Lock icon Incorporating unstructured data in fraud analytics
    1228 9 Businesses must tap the power of unstructured data to better detect fraud, says Gary Pan A Special Feature Brought to You By Singapore Management University CORPORATE fraud in Singapore is reported to be on the rise. The new KPMG-SMU Singapore Fraud Survey 2014 report
    1,228 words
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      146 9 SMU Master of Professional Accounting OPENS UP A WORLD OF OPPORTUNITY Accounting is the language of business. Anyone seeking career advancement and professional growth will benefit from the SMU Master of Professional Accounting (MPA). Designed to develop your technical accounting competencies and business skills, the programme provides a technical grounding
      146 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Religious rehab group is Berita Harian Achiever of the Year
      441 10  -  B)’ LEE U-WEN |eeuwen@sph.com.sg @LeeUwenBT THE Religious Rehabilitation Group (RRG) has become the first organisation to be named the Berita Harian Achiever of the Year. The award, now into its 16th year and organised by Berita Harian, had previously all
      PHOTO: KUA CHEE SIONG/THE STRAITS TIMES  -  441 words
    • Article
      Lock icon GSS spending rises 11.2% this year: MasterCard
      444 10  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SPENDING by cardholders during the annual Great Singapore Sale (GSS) grew 11.2 per cent to US$1.66 billion this year while the higher volume of transactions suggests electronic payments are growing more popular, according to MasterCard. And while visitor
      444 words
    • Article
      Lock icon Flexible work policies raise risk of cyber attacks: survey
      348 10  -  This means IT professionals may need to rethink cyber-security policies and processes By CHAN YI WEN yiwenc@sph.com.sg THE widespread adoption of flexible working policies in the Asia-Pacific has increased the risk of cyber-at-tacks on businesses in the region and this calls
      348 words
    • Article, Illustration
      Lock icon Artificial cell membranes – the real deal
      1151 10  - Artificial cell membranes the real deal ACM Biolabs helps companies do away with live cells, halving costs with a production process that requires no more than tabletop devices. CAI YONG reports YONGreports CAI YONGreports WITH its artificial cell membrane technology, ACM Biolabs promises to half the cost of drug discovery.
      PHOTO: ARTHUR LEE  -  1,151 words
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      87 10 This profile is the 11 th of a series o f features on the 16 finalists of the Emerging Enterprise Award 2014. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2014 recognises promising enterprises and startups which are up to 10 years old and have
      87 words
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      120 11 OCBCBank SINGAPORE’S STRONGEST BANK JUST GOT In X t BIGGER fr1 ww>1 Mm m I fXi I i I V* Hlff if h I ill' UFrom 1 October 2014, Wing Hang Bank will become WOCBCWING HANG OCBC Bank's acquisition of Wing Hang Bank offers our customers scale, reach and access
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon MAH seen issuing perpetual sukuk
      659 12 It will hold investor presentation on Aug 25: sources Bloomberg [KUALA LUMPUR] A Malaysia Airports Holdings (MAH) plan to sell perpetual sukuk highlights rising interest in the debt from companies looking to shore up their balance sheets. The manager of all of Malaysia’s 39 airports
      Bloomberg; PHOTO: THE STAR  -  659 words
    • Article
      Lock icon Matrix Concepts nails mid-range housing market
      469 12  -  Developer also does well in industrial segment BY/ PAULINE NG in Kuala Lumpur DESPITE a softer market, Matrix Concepts Holdings achieved new property sales of RM166 million in the second quarter to end June, up from RM125 million (32.8 per cent) in the preceding
      469 words
    • Article
      Lock icon Indonesia draws up incentives to revive sukuk market
      570 12 Financial services authority will address lack of scale, sector consolidation Reuters [LONDON] A blueprint being drawn up for Indonesia’s Islamic finance industry may include incentives to help revive the domestic market for sukuk (Islamic bonds), the capital market regulator said. Indonesia’s financial
      Reuters  -  570 words
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      187 12 ■L if if if if if > I. i iVT* v rn 0 ''W% AVAILABLE UNTIL 8 th SEPTEMBER 2014 UNVEILING THE SEASON'S SWEET TREASURES Mandarin Orchard Singapore presents new mooncake flavours, featuring the exotic 8-Treasure Mala Szechwan Spice and Jamon Iberico, and the refreshing Mini Snow Skin Japanese Yuzu
      187 words
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      Lock icon Page 12 Advertisements Column 2
      45 12 BT Wine, Dine Hospitality Pages save more than Jr< co\ fuU' c v For advertisement bookings and sales enquiries, please contact: Lawrence Chang 9229 4919 Rachel Khoo 9298 9465 Ellen Lee 9368 3533 Alisa Tan 9154 8381 Francis Yeo *****356 Vanessa Fong 9625 7384 S01
      45 words
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon PetroChina rethinks LNG push for transport amid slowdown
      822 13 Its Kunlun unit has been wrongfooted by rising costs and weaker economy Reuters [BEIJING] China’s biggest energy firm PetroChina is reviewing its multi-billion-dollar push to produce liquefied natural gas (LNG) to fuel trucks and ships in place of diesel, shutting two major
      Reuters; PHOTO: REUTERS  -  822 words
    • Article
      Lock icon Commodity trading in India on the rise as investors return
      535 13 New regulations buoy confidence after payment default Bloomberg [MUMBAI] A year after a US$920 million payment default at a spot commodities bourse cut trading from gold to soya beans futures, jolting India’s biggest brokerages, investors are returning as newer regulations
      Bloomberg  -  535 words
    • Article
      Lock icon StanChart, two local banks get China gold import licence
      391 13 Reuters [SHANGHAI] China has allowed three more banks, including a foreign lender, to import gold, sources said, as the world’s top gold buyer gears up for its strongest effort yet to gain pricing power of the metal. The move, which brings
      Reuters  -  391 words
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      90 13 ARTISANAL CUISINE, A WAY OF LIFE. Celebrating and respecting seasonality, terroir and the world’s best produce. Ranked 100th, The World’s Best Restaurants 2014, sponsored by S. Pellegrino and Acqua Panna. Ranked 17th, Asia’s 50 Best Restaurants 2014, sponsored by S. Pellegrino and Acqua Panna. Appointed Krug’s First Restaurant Ambassade in
      90 words
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  • WORLD
    • Article
      Lock icon PwC, NY regulator reach settlement over bank job
      615 14 Consultant pays US$25m fine after being accused of ‘improperly altering’ report on Japanese bank NYT [NEW YORK] New York state’s financial regulator announced a settlement deal with the giant consulting firm PricewaterhouseCoopers, capping an investigation into the firm’s cozy ties with one
      NYT  -  615 words
    • Article
      Lock icon UK’s boss-worker wage gap widens
      372 14 AFP [LONDON] The heads of Britain’s largest companies earned 143 times as much as their average employee last year, a study said, exposing the growing pay gap between bosses and workers. The wage divide has nearly tripled since 1998, when the average chief executive of
      AFP  -  372 words
    • Article
      Lock icon Exit Switzerland, to the ‘secret’ lure of Monaco
      660 15 Tax haven building homes like a 300m euro penthouse aimed at ultra rich Bloomberg [LONDON] Monaco, the tax haven on the French Riviera, is experiencing a luxu-ry-housing boom that includes the world’s most expensive penthouse as developers prepare for an influx of
      Bloomberg  -  660 words
    • Article, Illustration
      Lock icon BHP announces spin-off plan, no share buyback for now
      514 15 Reuters [MELBOURNE] The world’s biggest mining company, BHP Billiton, has announced plans to spin off businesses worth an estimated US$16 billion, most of them acquired in a 2001 merger, to focus on its most profitable activities. But it held off on
      Reuters; PHOTO: BLOOMBERG  -  514 words
    • Article
      Lock icon US hospital giant says Chinese hackers stole data of 4.5m patients
      696 16 Group called APT 18 ‘may have links to the Chinese govt’, say security experts Reuters [BOSTON] Community Health Systems Inc, one of the biggest US hospital groups, says it is the victim of a cyber attack from China, resulting
      Reuters  -  696 words
    • Article
      Lock icon Geopolitics may hamper German recovery: report
      356 16 Bloomberg [FRANKFURT] The Bundesbank said geopolitical tensions may impede a rebound of the German economy, Europe’s largest, after it contracted in the second quarter. “The economic outlook for the German economy has clouded over in the middle of the year in response to unfavourable
      Bloomberg  -  356 words
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      Lock icon MGM explores Tokyo fish market for casino resort
      411 16 Bloomberg [TOKYO] MGM Resorts International has scouted the world’s biggest fish market as a potential site for the casino resort it wants to build in Japan, according to two people familiar with the company’s plans. Chief Executive Officer James Murren visited central
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    • Article
      Lock icon Fed crisis lending plan for big banks slammed
      552 18 US lawmakers say the Fed has not adequately limit its emergency lending powers Reuters [WASHINGTON] A bipartisan group of US lawmakers urged the Federal Reserve to restrict its crisis lending programmes for big banks, which were criticised as bailouts during the 2007-2009
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    • Article, Illustration
      Lock icon Aussie casinos go all out to lure Chinese clients
      816 18 Golf course, resort, restaurants planned for high-rollers Bloomberg [SYDNEY] Australians once rioted against Chinese migrants attracted by a 19th-century gold rush. Sydney’s sole casino now depends on the city’s Asian ties for high-rollers who provide almost a third of its sales.
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      Lock icon Canberra rebukes tycoon over ‘abusive’ China remarks
      411 18 Reuters [SYDNEY] Australian mining mogul and politician Clive Palmer was rebuked by the government yesterday for a tirade against China, in which he described its government as “bastards” who shoot their own people and want to take over the country’s resources. Treasurer Joe
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    • Article
      Lock icon RBA to hold rates amid uncertain growth outlook
      524 18 Market expects monetary easing as jobless rate jumps Bloomberg [SYDNEY] Australia’s central bank said the nation’s economic outlook remains uncertain because of the conflicting forces at play and reiterated that interest rates are set to remain on hold. Members “noted the significant
      Bloomberg  -  524 words
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      Lock icon New Zealand revises surpluses as growth slows
      322 18 Reuters [WELLINGTON] New Zealand will post smaller than expected budget surpluses over the coming four years as the economy grows more slowly and the tax revenue shrinks, its Finance Minister said yesterday. Bill English said a surplus of NZ$297 million (S$312.14 million) was
      Reuters  -  322 words
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      1567 14 (Corporate Office: No. 254-260Avvai Shanmugam Salai Wing 2-C Royapettah, Chennai 600 014, India) BALANCE SHEET AS AT 31STMARCH 2014 (Rs in thousands) As at 31.03.2014 As at 31.03.2013 CAPITAL LIABILITIES Capital 464 84 85 829 77 00 Reserves and Surplus ***** 18 96 ***** 65 82 Deposits *****4 81 93
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      358 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BOLDING BUSINESS TRAVEL GUIDES PTE LTD (Co. Reg. No: *****3827H) (IN MEMBERS’ VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of the Company, duly convened and held at No. 6001 Beach Road
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      213 14 SINGAPORE’S BIGGEST IT. AND CONSUMER ELECTRON^^^WTION comex CONNECTS YOU TO TECHNOLOGY I FREE 28-31 AUG 2014 SUNTEC s n 2 ?rSm cvels4S6 J ADMISSI EXPECT SOMETHING NEW AT COMEX TECH SHOWCASE See, touch and feel the latest tech products! Visit the showcase on Level 4 for more. ABOVE AND BEYOND.
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      579 15 Register by August 27th to save up to US$350 on the most advanced information security training worldwide! 7-18 October Event Location: Grand Copthorne Waterfront Hotel SANS takes you to places you never thought of to be the best you need to be trained by the best SANS R.Vekaria, BP A5
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      640 16 NOTICE The company wishes to announce that Mr. Craig Ng Bing Yuan (I/C No: SXXXX119Z) has left the employment of our company with effect on 15th August 2014. He will no longer be authorized to solicit or conduct any business on behalf of the company. Board Of Directors Liqui Moly
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      1 16 fb.com/Ladies.Expo
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      115 16 New Improved: STJobs.sg Tailor your STJobs homepage for a personalised experience. MM MM MM MM MM MM 1 Have you seen the new site? A STJobs has improved the way you search for jobs online complete with a brand new look. Here are 3 things you should know about the
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      14 16 KISS 92 m All the great songs m one place A 'A to S
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      219 17 m mm L rrr- --rc —TTr~T“'~ r:Xr~.t:'- v; V..‘ x J...V, w nS- .->■ f —*v 7 V r-c-iJ 5*:ia .--r •saps -v2S3* m •gSgSEr iwaiffrE ■TSScSi SST9W =v-; V-• *=>TTs it ,->r d—- > s35 -r.>; V3.,; 3* 5* i- 3 J*>j. k; W- V 7ci*r TT f •astowaS
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      180 19 B SOCIAL MEDIA SELLING BOOTCAMP Social selling for SMEs to acquire leads, stand out in the market and generate more sales. r? Vi $1 1 N 18-19 September 2014 X 9am 5pm The Amara Hotel 165 Tanjong Pagar Road, Singapore *****9 •is SUM •isms HiJP WHY YOU SHOULD ATTEND; Reach
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  • EDITORIAL & OPINION
    • Article
      Lock icon Political instability may cost Selangor dearly
      485 20 EDITORIAL GENERALLY, it would not make much of a difference how political wrangles in Malaysia play out, especially at the state level. Indeed, the country’s political system seems prone to plunging into a crisis every now and then. Yet, for all the drama and
      485 words
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      Lock icon No easy way to determine ‘slack’ in the US economy
      794 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washing ton Post Writers Group CALL it the great “slack” debate. For nearly six years, the Federal Reserve has held short-term interest rates near zero to boost the economy. Is it now time to
      The Washington Post Writers Group  -  794 words
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      Lock icon Geography of innovation has shifted to Asia
      1391 20  -  More Singapore companies realise that they need to monetise their IP assets By ZAID HAMZAH The writer is a technology and IP lawyer, author and strategic intellectual capital practitioner. Email: zaid@intellectualfutures. com WHEN Sven Yeo and Vincent Wei, founders of Singapore startup BioMachines,
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    • Article
      Lock icon Will Yellen shift at Jackson Hole?
      1350 21  -  Three possible scenarios that may emerge from the central bankers’ conference and their market impact By MARITZA CABEZAS, GEORGETTE BOELE ROY TEO The writers are, respectively, senior economist; coordinator of currency and commodities strategy; and senior currency and precious metals strategist, at ABN AMRO
      1,350 words
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      Lock icon Tracked for life in China
      1174 21  -  BY MURONG XUECUN The writer is a novelist and blogger, and author of ‘Leave Me Alone: A Novel of Chengdu’. This article was translated by The New York Times China keeps secret files on hundreds of millions of its citizens. Mine is full of lies,
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      Lock icon Modi’s India isn’t close to ‘open for business’
      748 21  -  WILLIAM PESEK Bloomb erg View THAT loud hissing noise you hear coming from India is the air escaping from the Narendra Modi bubble. In retrospect, expectations that India’s new prime minister would revolutionise a troubled economy overnight were wildly overblown. But three
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  • Transport HUB
    • Article
      Lock icon Action ashore needed to eradicate piracy
      795 22  -  Incidents in S-E Asian waters show that menace is not restricted to West African region STRAIT TALK By DAVID HUGHES PIRACY has become a fact of life for the shipping industry, to the extent that it is now difficult to remember the time when
      795 words
    • Article
      Lock icon Maersk raises profit forecast, plans share buyback
      251 22 Reuters [COPENHAGEN] Danish shipping and oil group AP Moller-Maersk yesterday raised its full-year profit guidance and announced a share buyback programme after posting second quarter results above analysts’ expectations. The company now sees its full-year underlying profit, excluding discontinued operations, impairment losses and
      Reuters  -  251 words
    • Article
      Lock icon World’s biggest iron ore port faces strike, A$100m daily loss
      816 22 Deckhands paid like NY bankers threaten stoppages while union talks go on Bloomberg [MELBOURNE] Tugboat crews, including deckhands paid more than some New York bankers, are threatening to disrupt shipments from the world’s biggest iron ore port as they negotiate
      Bloomberg  -  816 words
    • Article
      Lock icon Global number of container ships peaks
      317 22 Reuters [COPENHAGEN] The number of container ships transporting goods around the world has fallen in the first half of 2014 but the total capacity of the global fleet continues to increase, consulting firm Drewry Maritime Research said in a note. Drewry Maritime Research foresees
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    • Article
      Lock icon TRANSPORT STOCKS
      238 22 SGX '000 Aug 19 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.30 unch 50 Cosco Corp 0.73 0.02 2684 Cwt Limited Vol First Ship Lea Grand Banks...............0.26 unch 10 Jaya Hold Ltd 0.30 K1Ventures 0.20 unch 2997 Keppel Corp 10.94 unch 2141 Mercator Lines 0.08 unch 131
      238 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Global air traffic growth in June slows to 2.4%
        404 23  -  But signs point to more robust performance in second half of year By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Softening world trade growth and lower business confidence caused air traffic growth to slow to 2.4 per cent in June, while total traffic
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      • Article
        Lock icon SMBC and HK Aviation vying for Awas aircraft
        374 23 Bloomberg [HONG KONG] SMBC Aviation Capital and Hong Kong Aviation Capital are among bidders for aircraft assets being sold by Terra Firma Capital Partners’ plane lessor Awas Aviation Capital, said people familiar with the matter. Dublin-based Awas (in June 2004, Ansett Worldwide
        Bloomberg  -  374 words
      • Article, Illustration
        Lock icon AirAsia CEO rubbishes Skymark bid report
        478 23 Reuters [SINGAPORE] Malaysia’s AirAsia Bhd has dismissed a media report that it is weighing a bid for Japan’s embattled Skymark Airlines, saying it is focused on a budget airline it is setting up with Japanese partners. The Nikkei business daily said that AirAsia, the
        Reuters; PHOTO: AFP  -  478 words
      • Article
        Lock icon MAS postpones release of Q2 earnings
        262 23 Reuters [KUALA LUMPUR] Malaysia Airlines (MAS), the lossmaking carrier reeling from two separate aircraft disasters this year, has postponed publication of second-quarter earnings from today until next Thursday, a company official told Reuters yesterday. The official did not disclose a reason for the delay.
        Reuters  -  262 words
      • Article
        Lock icon FAA bars American airlines from flying over Syria
        286 23 Reuters [LONDON] The US Federal Aviation Administration has barred all American airlines from flying over Syria, saying the ongoing conflict poses a “serious potential threat”. The FAA had previously warned American carriers to avoid flying over Syria. The new rule requires operators
        Reuters  -  286 words
      • Article
        Lock icon UK’s Monarch to be budget carrier, cuts staff
        423 23 Holiday operator to stop charter flights from next year Reuters [LONDON] British holidays airline operator Monarch Group is set to cut the airline’s workforce by a third with the closure of its charter operations as it moves to reinvent the carrier as
        Reuters  -  423 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Record US$399m sales in classic car auctions
        719 24 US$38m Ferrari 250 GTO stars in six-day California auto extravaganza Bloomberg [NEW YORK] A US$38.1 million Ferrari 250 GTO Berlinetta has led the annual parade of classic car auctions in California to a record tally of almost US$400 million. The sales at Bonhams,
        Bloomberg; PHOTO: REUTERS  -  719 words
      • Article
        Lock icon Volvo designs first model in revamp under new ownership
        798 24 Automaker is looking at safety-first XC90 SUV for revival of worldwide sales WP [GOTHENBURG, Sweden] Volvo Car Group is designing its first model under the ownership of Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group with an emphasis on automotive safety
        WP  -  798 words
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      26 22 OUT NOW IN BOOKSTORES* KINOKUNIYA TIMES MPH POPULAR ON APP STORE http://goo.gl/84yPpx ON GOOGLE PLAY http://goo.gl/qXrZMV THE PEAKSELECTIONS GOURMET TRAVEL DIGITAL IS AVAILABLE ON MOBILE DEVICES
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      23 23 /#>!3459&= t* TH Lianhe Zaobao 011#8&:< Total amount $100m last year exceeded To subscribe, call 6388-3838 or go to sphsubscription.com.sg $100m last year
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      337 23 CRYPTIC CROSSWORD Across 1 Felt bound to chase source of growth (6) 5 Detective’s area is murder (8) 9 Honourable old Scottish chanteuse in Pacific state capital (8) 10 Wow! Close, finishing early for a bit of a looker (6) 11 Lacking principles, without time for God, for example (8)
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      143 24 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 QUALIFIERS 23 and 29 September (pick one or join both) Sentosa Golf Club, Tanjong Course TOP 80 QUALIFY FOR FINAL FINAL 7 October Sentosa
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  • Article
    Lock icon SHIPPING TIMES
    2148 25 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
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      54 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times PLACE YOUR AD HERE The Business Times Shipping Times CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The
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      106 26 Shipping lines Can they seeking reliable find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT *****327 ML UUJII iLJJ MIVILJ Shipping Times Publicise Your Delivery Of Newbu i Ids A. 1 1 MARtMc Congratulations to Mermaid Mar- A on ««SSM l r
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4219 27 Transaction date: Aug 19 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 13.3 10.4 8Telecom Vol Day Last Quote --AAT Div Gr Yld C'vr 13.7 6.7 AIMS Property 13.2 +0.2
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      Lock icon SGX CATALIST
      470 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 25 t 3Cnergy 500 Vol Day 1.9 0.7 t Advanced Systems 0.8 unch 280 0.8 0.8 0.8 0.9 15.6 Div Gr Yld Net
      470 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10842 28 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund (USD)!* Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mat Asia Limited China Opportunities USD!** Global Emerging Markets USD China Opportunities 1 Global Opportunities USD India Opportunities USD!** EM Local Ccy Bond Indonesia
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      Lock icon GLOBALQUOTE
      235 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 Last 343 250 TanChongInt HK327 +2 84 327 324 323 327 9.7 3.2 3.2 6585.5 DISCLAIMER: All information is published “as is” without warranty of any kind
      235 words
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      Lock icon SGX ETF
      1116 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 $mil 118 108.3 ABF SG Bond ETF 116.3 +0.1 2 116.3 116.3 115.8 116.3 530.9 136.6 119 CIMB APAC Div 100S$D 136.6 +0.9 136.6 136.6 135.7 137.8
      1,116 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      646 29 Aug 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.94 *****.05 *****.11 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****6 Dec14 *****.00 *****.00 *****.00 *****.00 58 ***** MSCI TAIWAN INDEX FUTURES SPOT 335.75 338.19 335.48 Aug14 332.50 337.90 331.80 337.30 ***** *****1 Sep14 332.60
      646 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 18 Index Change Change Change Change Change Change World Preliminary 1234.0 0.7 4.2 0.6 2.5 0.7 4.0 EAFE Preliminary 958.1 0.7 0.2 0.6 -1.5 0.7 -0.1 Europe Preliminary 1360.1 1.1 0.4
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 29 Aug 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.017 5.733 0.699 7.233 56.644 108.980 0.957 9.497 2.943 1.105 93.558 40.727 1.162 9.926 0.846 28.008 29.738 0.559 0.933 Canada 0.983 5.638
      471 words
    • Article
      Lock icon SIBOR
      37 29 Aug 19 (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 6 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      76 29 Aug 19 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-16 101.07 5-Year NX*****W 2.5 01-Jun-19 105.74 105.83 105.80 10-Year NY*****H 3.000 01-Sep-24 105.99 106.05
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    • Article
      Lock icon PRECIOUS METALS
      120 29 Aug 19 GOLD(US$/oz) Aug 19 Aug 15 Hong Kong 1305.00 1316.00 Aug 18 Aug 15 London 1297.80 1304.74 1298.65 1305.46 Source: Thomson Reuters CAST BAR Aug 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 50 5gm 312 257 10gm 581 517
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    • Article
      Lock icon PALM OIL
      57 29 Aug 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 2107.0 2074.0 2107.0 2074.0 863 ***** Oct 14 2091.0 2065.0 2097.0 2063.0 ***** ***** Nov 14 2089.0 2068.0 2098.0 2066.0 ***** ***** Dec 14 2108.0 2085.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 29 Aug 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1614 1.1619 0.9331 0.9334 Canadian dollar 1.1420 1.1426 0.9179 0.9175 Euro 1.6619 1.6622 1.3352 1.3353 NZ dollar 1.0505 1.0512 0.8440 0.8445 Sterling pound 2.0784 2.0789 1.6698 1.6701
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 29 Aug 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 14 1115.50 1102.50 1121.00 1099.00 Nov 14 1057.75 1052.00 1060.00 1046.00 Jan 15 1066.50 1061.00 1068.25 1055.00 Mar 15 1074.50 1069.00 1076.00 1063.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 14
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    • Article
      Lock icon LIFFE
      95 29 Aug 18 COCOA (£/tonne) Close Prev High Low Sep 14 2076 2075 2082 2062 Dec 14 2044 2040 2046 2030 Mar 15 2009 2003 2011 1993 May 15 1989 1985 1991 1975 COFFEE(US$/tonne) Close Prev High Low Sep 14 1950 1951 1960 1931 Nov 14 1956 1962 1967 1942
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      948 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 5 0.3 1 -53 3.45 47 Asia-Pacific Strategic W*****6 3.4 -0.2 250 1 2 57 Acma Ltd W*****7 Exer Price Ascendas REIT MB eCW*****3 Disc Asiatic Grp(Hldgs) Ltd
      948 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS Aug 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.08 -1.82 WTI (Near Mth) 96.43 -0.65 Dubai (1-Mth F) 100.50 -0.04 Tapis blend 103.34 0.01 Minas 99.04 0.01 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.22 -0.67 Jet Kerosene 115.84 -0.08 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Aug 19 S$ Bid Offer 1-month 1.2447 1.2448 2-months 1.2447 1.2448 3-months 1.2446 1.2448 6-months 1.2445 1.2446 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 29 Aug-18 Aug-18 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2017.75 1993.85 3 months 2019.00 2000.00 Copper, Grade A(US$/tonne) Cash 6943.00 6891.00 3 months 6905.00 6870.00 Lead(US$/tonne) Cash 2203.75 2202.75 3 months 2216.00 2215.00 Nickel (US$/tonne) Cash *****.50 *****.00 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 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.188 1.132 Can dollar 1.164 1.120 Euro 1.702 1.621 Sterling pound 2.120 2.039 NZ dollar 1.074 1.033 US dollar 1.270 1.210 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 29 Aug 19 $S Offer Bid 0vernight 0.03 0.01 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.05 US$ 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
      157 words
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  • executive Money
    • Article, Illustration
      Lock icon Good tutorial on retirement planning
      1177 30  -  M’s NDR speech helped people understand the big issues well but finding that Magic Number requires a lot more thought MONEY MATTERS ROY VARGHESE The writer is an independent adviser specialising in retirement planning. He can be reached at royvarghese@ifastfinancial.com PRIME Minister Lee Hsien Loong
      PHOTO: ALPHONSUS CHERN/THE STRAITS TIMES  -  1,177 words
    • Article, Illustration
      Lock icon Nikko to base multi-asset team in S’pore
      465 31  -  Firm is also planning to launch a global conservative multi-asset product by GENEVIEVE CUA gen@sph.com.sg NIKKO Asset Management has picked Singapore as the base for its global mul-ti-asset solutions capability, citing the “maturation” of the asset management industry here. Yu-Ming Wang, Nikko AM
      465 words
    • Article
      Lock icon Bitcoin on a downswing, hits lowest since May
      829 31 Analysts say new regulations are hampering growth while industry insiders say wild swings are normal NYT [NEW YORK] Bitcoin’s price has been known to surge, but lately it has been in a bit of a slump. On Monday, the price of bitcoin
      NYT  -  829 words
    • Article, Illustration
      Lock icon Profiting from troubled housing loans
      1012 32  -  Unrated bonds’ yields of about 4%, quick payout draw investors, reports MATTHEW GOLDSTEIN NYT RISES in housing prices have been profitable to private equity firms and institutional investors that bought foreclosed homes to flip them or to rent them out. Now the recovery in housing
      NYT; PHOTO: BLOOMBERG  -  1,012 words
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      299 30 Now you can trade Phillip Futures products! using our mobileytradinmapos! vj Sar Sr < Y'" vMB 0 I*"' SOI''' 1 000 i8w 95 1 M 95 JjlSr O0S i» 95 iPad Phone anD^oo X 0 0 off commission rates when you trade using mobile apps N Trade Mobile and Win!
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      Lock icon Page 30 Advertisements Column 2
      50 30 FI'EE FACILITIES MANAGEMENT SOLUTIONS EXPO 2014 14 -16 October 2014 SINGAPORE EXPO HALLS 3 4 www.fmse.com.sg 1—F v. TOWARDS A SUSTAINABLE BUILT ENVIRONMENT r! 7* > > To Exhibit: Tel:+65 6319 4021 Email: fmse@sph.com.sg To Visit: Pre-register at www.fmse.com.sg S' m Organised by: Co-located with; sphere ~|i||~ FACILITIES MANAGEMENT CONFERENCE
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      Lock icon Page 30 Advertisements Column 3
      90 30 /2nd An^al 10-12 November 2014 Suntec Singapore Convention Exhibition Centre www.patientcareasia.com PabienbCare Asia 2014 Event Highlights Network with 250+ healthcare leaders and practitioners Learn from 10 case studies from top hospitals across Asia Opening keynote by Randall Carter, Senior Vice President of Planetree, United States Special rates* for healthcare institutions!
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