The Business Times, 7 June 2014

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Total Pages: 40
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JUNE 7-8, 2014 S$1.00 MCI (P) 086/08/2013 Sfjl A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article
    Lock icon US payrolls gains continue in May
    38 1 SOLID GAINS EMPLOYERS added 217,000 jobs in May to push US payrolls past their pre-recession peak and the jobless rate held at an almost six-year low as the economy gained traction. 2
    38 words
  • Article
    Lock icon Growth to ease to 7.6% in 2014
    44 1 CHINESE ECONOMY CHINA’S economic growth is expected to ease slightly to 7.6 per cent this year from 7.7 per cent in 2013 and to moderate further to 7.5 per cent next year, the World Bank said. 3
    44 words
  • Article
    Lock icon NTUC ‘fully backs’ changes
    27 1 MEDISHIELD LIFE THE secretary-general of the NTUC has reiterated the labour movement’s support for the recommended changes to the MediShield Life scheme. 4
    27 words
  • Article
    Lock icon From ‘white knight’ to Reit grower
    26 1 NEW TACK HENG Fai Enterprises’ first two Reits, American Housing Reit and Global Medical Reit, have both taken off. 10
    26 words
  • Article
    Lock icon Unsold homes big drag on developers’ coffers
    1014 1  -  Punishing fees seen incentivising some to reprice projects to move sales in near term By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore Developers have collectively paid up to $55.1 million in extension fees for unsold units in their private condo projects since 2012. They could
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  • Article
    Lock icon A ‘smart city’ has to be green, sustainable and liveable
    963 1  -  By Lester Wong, Sheena Tan, Raphael Lim lesterw@sph.com.sg tsheena@sph.com.sg raphlim@sph.com.sg Singapore THREE-QUARTERS of the world’s population will live in cities by 2050, according to the United Nations. The question of what kind of cities the people of 2050 will find
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      36 1 the business www. usinesstimes.com. the raffles conversation DE BEERS VETERAN STEPHEN LUSSIER 8-9 MOTORING The Maserati Ghibli S L15 PERSPECTIVE Potential for crowdfunding in Singapore 26-27 LIVING Find good deals and steals not in malls L2-4
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  • TOP STORIES
    • Article
      Lock icon Solid payrolls gains continue in May
      562 2 217,000 jobs added last month in broad-based advance; unemployment unchanged at 6.3% LATEST US DATA Bloomberg Washington EMPLOYERS added 217,000 jobs in May to push US payrolls past their pre-recession peak and the jobless rate held at an almost six-year low as the economy
      Bloomberg  -  562 words
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,299.43 (+19.79) GSTI FUTURES 3,300.00 (+20.00) GSIMSCI 375.42 (+2.17) GSIMSCI FUTURES 375.90 (+2.60) STOCKS Friday Change KL COMP 1,862.70 -6.30 NIKKEI 225 15,077.24 -2.13 HANG SENG 22,951.00 -158.66 SET 1,458.02 +4.86 JAKARTA 4,937.18 +1.61 MANILA 6,762.62 -9.82 KOSPI Closed SHENZHEN B 811.50 +0.31 MUMBAI IND 25,396.46 +376.95 12
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.137 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$) 1.253 (US$/S$ per 1.681 2.106 EURO (US$/S$/€ 1.365 1.710 Foreign currency per US$ S$ YEN 102.30 81.60 RM 3.215 2.566 HK$ 7.753 6.189 BAHT 32.56 25.99 RUPIAH 11,830 9,444 RENMINBI 6.252 4.991 INDIAN RUPEE 59.19 47.25 A$ 1.070 0.854 NZ$ 1.173 0.937
        49 words
    • Article
      Lock icon China growth to ease to 7.6%: World Bank
      591 3  -  IMF forecast the country’s growth to be around 7.5% this year By Anthony Rowley in Tokyo CHINA’S economic growth is expected to ease slightly to 7.6 per cent this year from 7.7 per cent in 2013 and to moderate further to 7.5
      591 words
    • Article
      Lock icon Bonds, stocks get ECB boost; euro unfazed
      846 3  -  By Neil Behrmann in London THE big question is whether European Central Bank (ECB) chief Mario Draghi’s monetary bullets will be a shot in the arm for the sclerotic eurozone economies. Negative interest rates and a 400 billion euro (S$684 billion) cheap central
      846 words
    • Article, Illustration
      Lock icon NTUC ‘fully backs’ MediShield Life changes
      711 4  -  Revised version would sit well with the Portable Medical Benefits Scheme: Swee Say By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore THE Secretary-General of the National Trades Union Congress (NTUC) has reiterated the labour movement’s support for the recommended changes to the MediShield Life scheme announced
      711 words
    • Article, Illustration
      Lock icon Football still a lucrative game: Deloitte report
      613 5  -  Cumulative revenue of the ‘big five’ European leagues grew 5% to 9.8b euros in 2012/13 By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore FOOTBALL continues to be a beautiful and lucrative game; toplines and wages in Europe’s top leagues are still on the rise, according
      Source: Deloitte; PHOTO: REUTERS  -  613 words
    • Article
      Lock icon MAS proposes amending laws to fight ‘dirty money’
      541 5  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Monetary Authority of Singapore (MAS) intends to increase cooperation with other financial supervisors to fight money laundering and terrorism financing (ML/TF). It is proposing changes to the MAS Act and the Trust Companies Act
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    • Article, Illustration
      Lock icon Ping pong, peons and the paper
      830 6  -  SATURDAY SOAPBOX By Jaira Koh btnews@sph.com.sg THERE was, for a time, a small group of BT interns that called ourselves the Ping Pong Peons. Alliteration was unquestionably the top priority in our christening, but we also fancied the double entendre the name offered. Firstly,
      PHOTO: YEN MENG JIIN  -  830 words
    • Article, Illustration
      Lock icon Ex-banker Edwin Khoo may be heading for the motor trade
      484 7  -  He is said to be joining Audi dealer Premium Automobiles soon in an advisory position By Samuel Ee samuelee@sph.com.sg Singapore AFTER revolutionising the car financing business, former banker Edwin Khoo could now be heading for the motor trade itself. Mr
      FILE PHOTO  -  484 words
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      48 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-12 S’pore Markets 12 Singapore 14-15 World 16-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 LIVING Shopping L2-4 Style L5-7 Dining L8-9 Destination Dining L10-11 Home Garden L12-13 Motoring L14-15 Golf L16 Househunt 30 Real Estate 31
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      39 3 Commercial Shop House D15 FH Land: 2,200 sqft Built 4,000 sq ft Plot Ratio; 3.0 Foreigner Eligible 3 1 T r JERRY LUM Snr Marketing Director, MBA, CES cea licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg
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      1121 7 TRANSIT-MIXED CONCRETE LTD (Incorporated In The Republic Of Singapore) Company Registration No. *****2587H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 34th annual general meeting of Transit-Mixed Concrete Ltd will be held at Istana Room 2, Level 2, Carlton Hotel Singapore, 76 Bras Basah Road, Singapore *****8
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Diamonds are Forevermark
      2634 8 / 9  -  De Beers stalwart and CEO of its premium diamond brand Forevermark, Stephen Lussier, helped shape diamond buying habits in Asia. By Kelly Tay By Kelly Tay kellytay@sph.com.sg @KellyTayBT IT’S hard to place Stephen Lussier’s accent he mostly sounds British, except that he rolls his Rs. “The Americans
      PHOTO: YEN MENG JIIN  -  2,634 words
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  • COMPANIES
    • Article, Illustration
      Lock icon From ‘white knight’ to Reit grower
      997 10  -  Heng Fai Enterprises is seeing results from its first two Reits Reports by Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE days of swooping in to rescue and turn around troubled companies through drastic corporate restructuring are over for Hong Kong-listed Heng Fai Enterprises. The company,
      PHOTO: YEN MENG JIIN  -  997 words
    • Article
      Lock icon SingHaiyi eyeing more distressed US property
      557 10 HONG KONG-listed Heng Fai Enterprises may have guided SingHaiyi, previously a struggling interior fit-out firm, into Singapore’s property development scene in 2006 and helped its market cap to grow hundred-fold to about $400 million in the immediate years that followed, but Heng Fai’s exit
      557 words
    • Article, Illustration
      Lock icon May airline share prices up 5%, outdoing others
      552 11  -  US carriers have higher jump than those in Asia-Pacific, trend reflected in Q1 results By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore GLOBAL airline share prices gained 5 per cent month on month in May, outperforming the broader market which rose 2 per cent.
      ST FILE PHOTO  -  552 words
    • Article
      Lock icon XinRen gets nod to raise smelter stake
      438 11  -  By Sheena Tan tsheena@sph.com.sg Singapore THE move by China-based XinRen Aluminium Holdings to raise its stake in an aluminium smelter in Xinjiang by 30 per cent was given the go-ahead by its shareholders at its extraordinary general meeting yesterday. This comes after the
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    • Article
      Lock icon GLP completes first tranche of China agreement
      267 11  -  By Raphael Lim raphlim@sph.com.sg Singapore GLOBAL Logistic Properties (GLP) has completed the first part of its agreement with a group of Chinese investors. The provider of modern logistic facilities in China, Japan and Brazil had entered into an agreement with a group of
      267 words
    • Article, Illustration
      Lock icon STI swings high and low but ends little changed
      591 12  -  STOCKS Kenneth Lim kenlim@sph.com.sg @KennethLimBT Correspondent SINGAPORE stocks ended a see-saw week almost flat, but at least the weekend arrived on the back of a final upswing. The bluechip-dominated Straits Times Index rose 0.6 per cent, or 19.79 points, to close
      591 words
    • Article
      Lock icon Investors ‘disillusioned’ with boilerplate advice: SIAS
      288 12  -  By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore SINGAPORE retail investors are becoming “disillusioned” about the usefulness of independent financial advisers’ (IFA) reports, the Securities Investors Association of Singapore (SIAS) asserted yesterday in a statement to the press. “It is true that minority shareholders are becoming
      288 words
    • Article
      Lock icon TOP 20 ACTIVES
      175 12 VOL CLOSE Amp l efield 106,794 1 0.1 1 1 1 APAC Strategic 106,565 6 0.2 3 4 Char i sma Energy 91,789 5.1 0.2 4 1 China Env 74,405 39 9.5 32 2 Blumont 63,473 3.7 0.2 5 7 STATS ChipPAC 60,800 64.5 4.5 7 5
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    • Article
      Lock icon STI STOCKS
      121 12 Stock name Close Change Ascendas Reit 2.350 +0.020 CapitaLand 3.200 +0.030 CapitaMall Trust 2.010 +0.010 CityDev 10.28 +0.080 ComfortDelGro 2.510 +0.100 DBS Grp 17.08 +0.060 Genting Sing 1.340 +0.005 Global Logistic 2.730 +0.020 Golden Agri-Res 0.570 HPH Trust USD 0.755 +0.010 HongkongLand USD 6.760 -0.090 JMH 400 USD
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    • Article
      Lock icon HK’s Capital Today to launch China’s first evergreen fund
      358 12 Reuters Hong Kong A PRIVATE equity firm which has made huge profits off investments in China’s technology sector is launching a fund unprecedented in the country for its ul-tra-long horizon. Hong Kong-based Capital Today, an early investor in e-com-merce company JD.com
      Reuters  -  358 words
    • Article
      Lock icon TOP GAINERS
      66 12 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 336.9 2.1 DBXT iBoxxSvEu 5US$ ***** 319.4 0.9 SPDRS S&P 500 10US$ ***** 176.6 0.7 SPDR DJIA 10US$ ***** 154.1 0.7 GLD 10US$ ***** 152.8 1.0 Lyxor ThaiSET 10US$ ***** 135.3 0.8 DBXT AUDCS 5US$ ***** 126.5 0.5 JMH 400
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    • Article
      Lock icon TOP LOSERS
      66 12 BY CENTS CLOSEDOWN DBXT FTVietnam 10US$ 2670 -61.4 -1.8 DBXT S&P Short 10US$ 2428 -23.8 -0.8 DBXT iBoxxKR 5US$ ***** -22.6 -0.1 DBXT AUD Bonds 5AU$ ***** -17.6 -0.1 DBXT FTChina25 10US$ 2903 -16.3 -0.4 HongkongLand USD 676 -11.3 -1.3 IS ASIA HYG100S$D 1348 -10.0 -0.7 Great Eastern
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      375 13 THE BIGGEST CAREER FAIR IS BACK AGAIN FREE BOOTH* AT STJOBS CAREER DEVELOPMENT FAIR 2014! NL STJOBS CAREER i DEVEL0PMENT2014 REQUEST NOW LIMITED BOOTH AVAILABLE Be part of Singapore's biggest and most exciting event with job seekers, employers and training providers all under one roof. Here's your opportunity to recruit
      375 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Slower growth fine for social stability: DPM
      740 14 Economic expansion of just 3% acceptable if driven mainly by gains in productivity, says Tharman Reuters Singapore THE Republic is willing to accept slower growth as a trade-off for social stability as it aims to keep down the number of foreigners working here,
      Reuters; PHOTO: REUTERS  -  740 words
    • Article, Illustration
      Lock icon StanChart’s Kids@Work grown six-fold since ’06
      216 14  -  By Arthur Lee arthurl@sph.com.sg ATTENDANCE at Kids@Work, an annual employee engagement day at Standard Chartered Bank, has grown six-fold since it started in 2006. Some 800 children of staff turned up at StanChart’s Marina Bay Financial Centre and Changi Business Park offices yesterday as
      216 words
    • Article, Illustration
      Lock icon SIM opens financial training centre
      340 15  -  By Raphael Lim raphlim@sph.com.sg UNDERGRATUATE banking and finance students at the Singapore Institute of Management (SIM) will be able to expand their knowledge and sharpen their trading skills with a new Financial Training Centre opened yesterday by SIM Global Education (SIM GE) in partnership with
      FILE PHOTO  -  340 words
    • Article
      Lock icon 75 heritage buildings gazetted for conservation
      263 15  -  By Lisabelle Tan lisatan@sph.com.sg THE Urban Redevelopment Authority’s (URA) 2014 Master Plan was gazetted yesterday, along with 75 heritage buildings slated for conservation. The buildings, which were proposed for conservation under the Draft Master Plan 2013, include the Sri Krishnan Temple, Malabar Mosque, Alexandra
      263 words
    • Article
      Lock icon CleanEnviro event ends with over $318m deals
      192 15 MORE than $318 million worth of projects were announced at the CleanEnviro Summit Singapore (CESS), which ended on Wednesday. The biennial summit, organised by the National Environment Agency, was one of three global events that were held concurrently, the other two being the
      192 words
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      Lock icon Page 15 Advertisements Column 1
      255 15 Full delight at half the price! Half the fun is in creating your own frozen yogurt combination! Mix and match any or all of the 12 flavors and 44 delicious toppings. Current flavors range from the new and exciting Ribena Tart, Matcha Green Tea and Lychee Sorbet, with a variety
      255 words
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  • WORLD
    • Article, Illustration
      Lock icon Skill shortage spurs Britain’s recruiters
      579 16 Employers are planning large-scale hiring as broad-based recovery creates demand for qualified professionals Reuters London IN the last nine months, British recruitment company Hays plc has placed more architects in new jobs than it managed in the previous three years. The country’s largest recruitment company
      Reuters  -  579 words
    • Article, Illustration
      Lock icon Europe to force Google, Facebook to abide by EU privacy rules
      400 16 Reuters Brussels COMPANIES based outside the European Union (EU) must meet Europe’s data protection rules, ministers agreed yesterday, although governments remain divided over how to enforce them on companies operating across the bloc. The agreement to force Internet companies
      Reuters  -  400 words
    • Briefing
      • Article
        Lock icon Thailand to freeze prices of consumer goods till Nov
        55 16 Reuters Bangkok Thailand’s Commerce Ministry said yesterday that prices of many consumer goods would be frozen till November to hold down living costs and boost the economy and confidence. The ministry’s permanent secretary Srirat Rastapana said the goods include beverages, rice,
        Reuters  -  55 words
      • Article
        Lock icon China’s president vows to limit growth of largest cities
        74 16 AFP Beijing Chinese President Xi Jinping yesterday promised to impose strict limits on population growth in the country’s largest cities, state media reported, as authorities seek to push migration towards smaller urban centres. The population of the capital Beijing reached more
        AFP  -  74 words
      • Article
        Lock icon Indonesia mulls new regulations to limit coal output
        82 16 Reuters Jakarta Indonesia, the world’s top exporter of thermal coal, is considering new regulations to limit coal production and tighten controls on exports, government officials said yesterday, and could introduce the rules by early next month. The country currently exports 70 per
        Reuters  -  82 words
      • Article
        Lock icon FDI into Myanmar triples to more than US$4.1b
        80 16 Reuters YangonEconomic reforms helped triple foreign direct investment (FDI) into Myanmar to more than US$4.1 billion in the fiscal year that ended on March 31, a senior investment commission official said yesterday, forecasting an increase this year. Myanmar’s quasi-civilian government has pushed
        Reuters  -  80 words
    • Article, Illustration
      Lock icon FDIC wary of banks dodging swaps rules
      753 17 US lenders have restructured their overseas transactions in an effort to trade swaps outside of Dodd-Frank rules Bloomberg Washington THE US regulator responsible for making sure banks aren’t too-big-to-fail is examining whether the biggest firms are shifting trades overseas in a way that
      Bloomberg; PHOTO: BLOOMBERG  -  753 words
    • Article, Illustration
      Lock icon Fugitive Thai anti-coup leader arrested, faces jail time
      397 17 AFP Bangkok THAILAND’S junta said yesterday that it had captured a fugitive anti-coup leader who now face imprisonment, as the ruling generals seek to stamp out any criticism of their seizure of power. Sombat Boonngamanong, who spearheaded an online campaign to stage
      AFP; AFP FILE PHOTO  -  397 words
    • Article
      Lock icon Widodo adopts protectionist stance
      540 18 PDI-P says it will restrict foreign access to Indonesian bank stakes Bloomberg Jakarta THE campaign of Indonesia’s presidential frontrunner, former businessman Joko Widodo, is adopting a protectionist tint as the race against his lone rival tightens with weeks to go before the election. The party backing
      Bloomberg  -  540 words
    • Article, Illustration
      Lock icon Sword-wielding Sikhs clash at Golden Temple
      169 18 Reuters New Delhi SIKHS wielding swords clashed inside the compound of their religion’s holiest shrine yesterday, the 30th anniversary of a controversial raid by Indian security forces that flushed out separatist militants holed up in the temple. Television showed dramatic footage of Sikhs rushing
      Reuters; PHOTO: AFP  -  169 words
    • Article
      Lock icon India’s lower house elects Modi ally as Speaker
      173 18 Reuters New Delhi INDIA’S lower house of parliament elected a veteran ally of Prime Minister Narendra Modi as Speaker yesterday, clearing a key hurdle before the government unveils its policy programme next week. Sumitra Mahajan, 71, an eightterm member of the house
      Reuters  -  173 words
    • Article, Illustration
      Lock icon China regulator to expand loans after shadow finance curbs
      610 19 Small businesses, infrastructure projects get priority Bloomberg Beijing CHINA’S banking regulator has vowed to expand loans and cap borrowing costs, seeking to boost the supply of funds to the real economy as growth slows amid a clampdown on shadow financing. Lending
      Bloomberg; PHOTO: BLOOMBERG  -  610 words
    • Article
      Lock icon BNP fine may hurt EU-US trade deal: France
      361 19 AFP Paris FRANCE warned yesterday that a record US$10 billion fine that the US is reportedly preparing for BNP Paribas bank for violating sanctions could hurt negotiations on a mega transatlantic trade deal. Speaking a day after French President Francois Hollande raised
      AFP  -  361 words
    • Article, Illustration
      Lock icon Abe orders review of pension fund’s assets
      684 20 Health minister to ask 1 28.6t yen Government Pension Investment Fund to overhaul its investments Bloomberg Tokyo JAPAN Prime Minister Shinzo Abe has ordered an earlier review of the biggest pension fund’s portfolio, Health Minister Norihisa Tamura said yesterday, amid speculation that the
      Bloomberg; PHOTO: BLOOMBERG  -  684 words
    • Article
      Lock icon Swiss private banks driven to set up shop across EU
      514 20 Bloomberg Geneva FINANCIAL workers looking for a job with Swiss private banks might be better off applying for positions at their European subsidiaries than in Switzerland. In the past six years, the number of employees at such units outside Switzerland
      Bloomberg  -  514 words
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      32 18 my.sg www.o always .v a good sleep at® oft er o <*» WN diapersiforiyouribaby] contests.omy.sg/pampers-baby-dry SffiS 0n Scan to win Download omy Apps O™ I lil Si SI omy News iOSAppStore Google Play
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      64 19 HOT PROPERTY r m FH 5 4^ N L G SEM/-D 4030sf Rebuild Face'f w ASA Chuan MRT L Wa,k to L 2cars.Reno3yrS3Soi< U M|,to Rd S S+l C 2206 E /33on S ">' fh to Kovan MRT/ Nex°° ns HOUSES FOR SALE Check this and many other properties in
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8193 21 Transaction date: Jun 6 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 11.5 12.7 6.3 1 15.3 56.5 20 5.1 A-Sonic Aero 8.4 -0.1 100 8.4 8.4 8.4 8.6
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    • Article
      Lock icon SGX CATALIST
      1974 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32 23 t 3Cnergy 500 32 29.5 35 31.5 28.5 19 t 800 Super 25.5 24.5 25.5 3.2 3.9 7.9 45.6 4.5 2.8 t AA
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 4 0 0 0 7 4 4 Manufacturing 55 40 36 9 8 6 64 48 42 Commerce 18 18 24 4 1 6 22 19 30 Tpt/Stor/Comms 18 13 12
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      798 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 2 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Electromotive 04-Jun-14 Advance Opportunities Fd Sell 4700 0.02 ***** 8.97 ***** 8.11 First Reit 04-Jun-14 Ronnie Tan
      798 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,731 29,731 71,792 71,792 Manufacturing 515,536 146,942 662,478 160,975 28,269 189,244 Commerce 88,278 45,421 133,699 89,709 6,509 96,218 Tpt/Stor/Comms 118,637 4,743 123,380 176,344 749 177,093 Finance 39,567 69 39,636 137,632 20 137,652 Construction 25,009 95,199
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Jun 5 COCOA (£/tonne) Close Prev High Low Jul 14 1958 1961 1965 1946 Sep 14 1945 1948 1951 1933 Dec 14 1926 1930 1932 1917 Mar 15 1916 1918 1921 1905 COFFEE(US$/tonne) Close Prev High Low Jul 14 1899 1897 1902 1883 Sep 14 1915 1914 1919 1899
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    • Article
      Lock icon METALS
      66 25 Jun 06 GOLD(US$/oz) Jun 06 Jun 05 Hong Kong 1261.00 1248.00 Jun 05 Jun 04 London 1253.80 1243.80 1254.55 1244.15 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.22 23.45 Source: UOB PLATINUM Lon (US$/oz) Jun 05 Close Previous PM Fix 1440.00 1422.00 AM Fix 1429.00 1421.00 Source:
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Jun 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.195 1.139 Can dollar 1.168 1.124 Euro 1.752 1.669 Sterling pound 2.146 2.064 NZ dollar 1.088 1.047 US dollar 1.278 1.218 Local dollars to 100 units of foreign currency: Currencies Sell
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        19 25 YTD change:+4.17% 52-week high: 3,308.80 on May 29,2014 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 25 YTD change: -1.52% 52-week high: 24,111.55 on Dec 2,2013 52-week low: 19,426.36 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 25 YTD change: -4.07% 52-week high: 2,270.27 on Sept 12,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 25 YTD change: -7.45% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 12,415.85 on June 13,2013 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 25 YTD change:+1.57% 52-week high: 16,845.81 on June 5,2014 52-week low: 14,551.27 on June 24,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  25 words
    • Article
      Lock icon PALM OIL
      57 25 Jun 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 14 2414.0 2420.0 2422.0 2400.0 173 1022 Jul 14 2410.0 2422.0 2424.0 2403.0 943 ***** Aug 14 2403.0 2414.0 2418.0 2394.0 ***** ***** Sep 14 2403.0 2414.0
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      Lock icon GOVERNMENT SECURITIES
      82 25 Jun 6 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 1.13 01-Apr-16 101.28 5-Year NX*****W 2.5 01-Jun-19 106.02 106.25 106.20 10-Year NX*****H 2.750 01-Jul-23 103.19 103.45
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      Lock icon INTERBANK CURRENCY RATES
      155 25 Jun 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1708 1.1715 0.9348 0.9352 Canadian dollar 1.1473 1.1481 0.9165 0.9160 Euro 1.7093 1.7098 1.3647 1.3649 NZ dollar 1.0671 1.0681 0.8520 0.8526 Sterling pound 2.1057 2.1063 1.6812 1.6814
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      104 25 Jun 5 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 14 1460.50 1482.50 1487.25 1460.00 Aug 14 1400.25 1416.75 1422.75 1399.25 Sep 14 1259.00 1269.50 1277.00 1253.75 Nov 14 1210.50 1217.25 1226.00 1201.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 14 38.69 39.25 39.26 38.53
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      68 25 Jun 05 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 107.93 -0.69 WTI (Near Mth) 102.58 0.07 Dubai (1-Mth F) 103.80 -1.23 Tapis blend 112.19 -1.17 Minas 107.59 -1.17 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.44 -0.09 Jet Kerosene 116.17 -0.77 US$/barrel OpecOil Basket Price 104.73
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      72 25 Jun 05 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1824.25 1812.75 3 months 1850.00 1835.00 Copper, Grade A (US$/tonne) Cash 6803.00 6834.00 3 months 6780.00 6785.00 Lead (US$/tonne) Cash 2086.25 2081.50 3 months 2108.50 2103.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jun 5 Index Change Change Change Change Change Change World Preliminary 1227.0 0.3 3.6 0.3 3.3 0.3 3.7 EAFE Preliminary 973.4 0.2 1.8 0.2 1.9 0.3 2.4 Europe Preliminary 1411.0 0.3 4.1
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      1278 26 / 27  -  Investors should fully understand the risky nature of certain investments before putting their money into equity crowdfunding projects. By Clarence Goh By Clarence Goh ~The writer is research manager at the Institute of Singapore Chartered Accountants (ISCA) WHEN Palmer Luckey wanted to develop a new
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      338 26 / 27 SATURDAY with Ludwig No worries the tyre was just recalled CRYPTIC CROSSWORD Across 1 Not easy to trace printout (4,4) 5 A waterway in another country (6) 10 Lacrosse quartet playing a short distance away (2,5,8) 11 Peace, as occupied by the French (7) 12 Regular visitor needs a short
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        Lock icon Bond boom squeezes trading at US banks
        1176 28 / 29  -  The malaise doesn’t seem serious enough to destabilise Wall Street, as banks are well capitalised, or to have affected the wider economy. By Peter Eavis By Peter Eavis NYT New York WALL Street’s biggest firms this year made an extraordinary wager that they
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        752 28 / 29  -  Compiled by Joyce Hooi Centurion Corporation Buy DBS Group Research June 6 Close: $0.705 CENTURION’S subsidiary has established a 49 per cent-owned associated company in Malaysia known as Oriental Amber Sdn Bhd, which runs and manages workers’ accommodation. On Thursday, Oriental Amber entered into a sale-and-purchase agreement (SPA)
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        1065 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 23 AND APRIL 29, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 23/04/2014 99 1141 2196 1925 District 2 NON-LANDED Altez Apt 25/04/2014
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        Lock icon UK must curb rising house prices: IMF
        698 31 Otherwise, increased indebtedness may pose a risk to economic recovery Bloomberg London THE United Kingdom must act to contain rising house prices as increased indebtedness may pose a risk to the economic recovery, the International Monetary Fund (IMF) said. While the British economy
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        Lock icon Link Reit sees steady rent increase from malls
        301 31 Bloomberg Hong Kong LINK Real Estate Investment Trust, Asia’s largest property trust, said rental income from its malls should steadily increase even as Hong Kong’s retail sales fell for three straight months. “Our tenants are quite resilient,” chief executive officer George Hongchoy
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      58 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK OFFSHORE DIAMOND SET IN STEEL. AL ROY SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 AUDEMARSPIGUET .COM Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations
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      49 1 LivingBTTHE BUSINESS TIMES WEEKEND JUNE 7-8, 2014 DESIGN: SIMON ANG DESTINATION DINING Kyoto country cuisine L10-11 STYLE Slow Fashion gains traction L5-7 HOME GARDEN A raconteur's art trove L12-13 MOTORING BMW firm designs SIA's first class L14 DINING Uptown hawker fare L8-9 GOLF BT Corporate Golf League 2014 L16
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        1473 2 / 3  -  Pop-up spaces are leveraging the novelty factor in shopping to grow their businesses with canny collaborations. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT WHAT’S popping up even more than the never-ending stream of new cafes that seem to open almost every week? Pop-up spaces that
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        667 2 / 3  -  By Tay Suan Chiang Transitional 115KG, 115 King George’s Avenue 115KG, 115 King George’s Avenue Now till June 22; 12 to 7pm daily Transitional___ works with vendors from the design community to provide them with a space to showcase their products or services. In this
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        1530 5  -  A new breed of socially responsible designer and retailer places a premium on the painstaking process of fashion creation rather than being driven by profits or the latest fad. By May Yip OVER a year after the Rana Plaza disaster, during which the collapse of the
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        1060 6 / 7  -  Bottega Veneta’s villa home is not only a showpiece of artisanal luxury, but also a cutting-edge model for sustainable architecture. By May Yip By May Yip THE fashion cycle may be dominated by seasonal trends, but when it comes to selling timeless luxury, “provenance” is
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        1281 8 / 9  -  Will transplanting hawker fare into cushy restaurant surrounds help spur more young chefs to learn and preserve local recipes? Debbie Yong finds out Debbie Yong debyong@sph.com.sg @DebbieYongBT FROM shopping malls to HDB flats and mobile phones, nothing, it seems, is spared in up-grading-obsessed Singapore not
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        1023 8 / 9 Debbie Yong finds 10 hawker dishes of note that have undergone ‘upgrading’ Rickshaw noodles, $18 Clifford Pier, The Fullerton Bay Hotel Singapore, 80 Collyer Quay Z6597 5266 AS a tribute to his grandfather, an itinerant hawker who used to peddle noodles to rickshaw riders on their lunch
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        1307 10 / 11  -  From big game to wild greens, Hirasansou ryokan in Shiga is a dining adventure. By Jaime Ee I ATE a bear. Sorry. I didn’t mean to. It was a weird case of what happens when: a) you’re greedy; b) do not question three Miche-lin-starred Japanese chefs who
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        1054 12 / 13  -  As an interior designer Isab lle Miaja is constantly finding something to add to her home and moving furniture around so as to keep her place looking fresh. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT IF there is one thing that French interior
        ALL PHOTOS BY YEN MENG JIIN  -  1,054 words
    • MOTORING
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        514 14  -  BMW-owned DesignworksUSA has refreshed SIA’s first class cabin for an even more exclusive experience. By Samuel Ee By Samuel Ee samuelee@sph.com.sg DESIGNWORKSUSA has the distinction of penning the BMW X5, the German carmaker’s first sport activity vehicle and the beginning of a segment which has spawned
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        590 15  -  The Maserati Ghibli is the Italian carmaker’s riposte to the German executive saloon. By Samuel Ee By Samuel Ee samuelee@sph.com.sg MAYBE it’s a reflection of how dynamic the Ghibli is. Three generations of this Maserati may share the same nameplate but not the same styling. The first
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        1081 16  -  The Modified System 36 will make the game more equitable for golfers of all abilities. By Justine Moss THE fifth edition of The Business Times Corporate Golf League was launched with a bang this week at LiveWire (Singapore Pools’ “live” sports entertainment venue). With
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      928 4 wine& dine with BTWeekend AquaMarine Marina Mandarin Singapore, Level 4 6 Raffles Boulevard Z6845 1111 Father’s Day celebration at AquaMarine Whet Dad’s appetite with delectable highlights from the buffet spread at AquaMarine this Father’s Day. Chef’s favourites include grilled mini-beef patties with caramelised onions and cheese, butter crabs with curry
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      216 12 / 13 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer www.shsccentre.com Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or
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