The Business Times, 9 June 2014

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Total Pages: 28
1 28 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, June 9, 2014
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  • 1031 1  -  Players grow from just a handful 5 years ago to 140 now and they have expanded beyond trading By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] Some 150 people gathered at the Fullerton Bay Hotel rooftop for drinks on a Wednesday night recently to
    BT Graphics  -  1,031 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,299.43 +3.58 KL COMP 1,862.70 -10.68 NIKKEI 225 15,077.24 +444.86 HANG SENG 22,951.00 -130.65 SET INDEX 1,458.02 +42.29 JAKARTA COMP 4,937.18 +43.27 MANILA COMP 6,762.62 +114.97 SEOUL COMP 1,995.48 +0.52 SHENZHEN B 811.50 +8.35 MUMBAI IND 25,396.46 1,179.12 DOW 16,924.28 +207.11 NASDAQ 4,321.40 +78.78 S&P
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    • 20 1 SINGAPORE MALAYSIA MALAYSIA 5.35 6.55 5.00 INDONESIA 15.137 KOREA 5.036 JAPAN 1.475 KOREA 9.33 INDIA 0.50 Source: Bloomberg
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    • 49 1 US$ 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
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  • 504 1  -  E-commerce and subscription outfit The French Cellar now valued at $5m By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT [SINGAPORE] A Singapore start-up looking to disrupt the way that Asian wine lovers purchase and appreciate wine has raised some $1 million in Series A funding, and is now
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  • Page 1 Advertisements
    • 249 1 VIEWS FROM THE TOP National Wages Council: staying relevant PAGE 10 BOARDROOM MATTERS Director interlocks and conflicts of interest page 4 DINING OUT Spirited bar-dining concept PAGE 21 TOPLINE Charting an expanding network at Scoot PAGE 4 BizIT DECEPTIVE DOWNLOADS A major malware threat in Singapore PAGE 27 BT WEBSITES
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  • TOP STORIES
    • 347 2 Push to become metals hub bears fruit THE number of metals and mineral players here has grown from “a handful” five years ago to about 140 now. At the same time, companies in the sector have moved beyond merely trading. FRONT PAGE Wine start-up savours $1 m funding
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    • 562 2  -  It could take 8-10 years for Chinese centre to be on par with Republic METALS HUB Reports by ANDREA SOH sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] While Singapore is having its time under the sun now, another competitor might emerge in the tussle
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    • 738 2 It is now a global trader of base metal concentrates [SINGAPORE] As the metals sector matures in Singapore, a company here switching from Swiss to Singapore parentage has grown in tandem. MRI Trading has seen its revenue grow five-fold since it
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    • 614 2  -  WALL STREET INSIGHT By ROB CURRAN LAST week, US stocks finished at record highs as a rate cut from the European Central Bank (ECB) and a strong jobs report gave stock bulls a second wind. The momentum of the latest bull run could carry
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    • 537 3  -  Such early, immense support said to allow less innovative firms to scrape by By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] While entrepreneurs have welcomed the growing pool of government grants for start-ups, some angel investors here say that they are feeling “crowded out” from
      537 words
    • 451 3  -  It crosses threshold a day after meeting delisting mark By TEH SHI NING tshining@sph.com.sg @TehShiNingBT [SINGAPORE] CapitaLand has cleared the final hurdle in its bid to gain 100 per cent control of shopping malls unit CapitaMalls Asia (CMA). It has
      Source: Bloomberg  -  451 words
    • 585 3 Bloom berg [BEIJING] China’s exports rose more than analysts estimated last month, helping to cushion a slowdown in the world’s second-big-gest economy as an unexpected slump in imports highlights the risks to growth. Overseas shipments gained 7 per cent from a year earlier,
      Bloomberg  -  585 words
  • Page 2 Advertisements
    • 84 2 BAR. BENCH. DEFENCE. OFFSIDE LAW. Words that will take on a more passionate meaning for the next four weeks. Follow Philip Jeyaretnam from the court to the pitch in The BT Coca-Cola World Cup Charity Drive in The Business Times from June 12 to July 14. The Managing Partner of
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    • 107 2 ASTANA ALMATY •w f Seoul Beijing l\ Bangkok Kuala Lumpur* Hong Kong Ho Chi Minh Beijing Almaty ■4 1 5 times a week Beijing Astana 2 times a week Kuala Lumpur Almaty 3 times a week Seoul Almaty jjk 3 times a week Bangkok Almaty 7 times a week Hong
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 1104 4  -  Two years after inception, Scoot is acquiring Dreamliners, building partnerships at home and abroad, TOPLINE reportsNISHA NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT THE next one year is going to be a busy one for Scoot. The low-cost carrier is set to take delivery of its first
      FILE PHOTO  -  1,104 words
    • 1219 4 Payment Ex Rec Pay Ann (cts) date date date date AIMS Prop Sec ag 0.090 27-Mar 31-Mar 20-Jun 21-Mar AIMSAMP Cap Reit (1 Jan-31 Mar 14) ag 2.510 14-May 16-May 24-Jun 07-May Amara an 1.000 10-Jun 12-Jun 26-Jun 14-Mar Aspial ca 2.000 08-May 12-May 25-Jun 11-Apr Ban Leong
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    • 860 4  -  Though Singapore has a Competition Act, there are no specific provisions that prohibit interlocks among rival firms. By EUGENE KANG BY EUGENE KANG The author is a member of the Advocacy Research Committee of the Singapore Institute of Directors. IN my previous article, “Multiple
      860 words
    • 1905 7  -  Menawhile, companies’ buybacks are up with several significant corporate shareholder trades INSIDE MARKETS By ROBERT HALILI The writer is managing director Asia Insider Limited THE buying fell for the first time in the past three weeks while the selling among directors rose based on
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    • 257 7 COMPANY MEETING PLACE DATE TIME Tritech Group E 31 Changi South Avenue 2 11-Jun 10.00am ISR Capital A 20 Martin Road #10-01 12-Jun 11.30am E Seng Kee Building 12-Jun 12.30am Cedar Strategic A 20, Havelock Road Central Square (Level 2) Conference Room 1 14-Jun 10.30am CCM Group E
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    • 270 7 Jun 6 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited ...5.50 Bank of Communications 5.50 Bank of East Asia ...5.50 Bank of Taiwan ...5.50 Bank of Tokyo-Mitsubishi UFJ, Ltd Banque Internationale a ...6.00 BNP Paribas
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  • Page 5 Advertisements
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  • SINGAPORE MARKETS
    • 584 6  -  STOCKS KENNETH LIM kenlim@sph.com.sg @KennethLimBT Correspondent THERE’s nothing like a week of aimless wandering to raise the yearning for a reliable signpost. “I’m just looking for the markets to stay stable,” one trader said before the weekend. “We need a good story. You have good
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    • 506 6  -  CURRENCIES MALCOLM BAKER The writer is senior director, interest rate and FX products, CME Group THE financial markets seem to be deciphering the recent Indian election results, which resulted in Narendra Modi being elected as Prime Minister, as very positive and the Indian
      506 words
    • 444 6 COMMODITIES AFP [LONDON] Commodities diverged last week as investors digested a radical shake-up of eurozone interest rates, while cocoa hit a three-year high on speculative buying. Some markets took a hit from the strong greenback, which struck a fourmonth euro high as
      AFP  -  444 words
    • 118 6 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 696.4 4.5 DBXT Nifty 10US$ ***** 613.7 3.9 SPDRS S&P 500 10US$ ***** 340.7 1.4 DBXT iBoxxSvEu 5US$ ***** 254.3 0.7 SPDR DJIA 10US$ ***** 220.4 1.1 Jardine C&C 4496 138.0 3.2 DBXT MSJAP 10US$ 4613 129.0 2.3 DBXT E50 10US$
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    • 131 6 BY CENTS CLOSE DOWN DBXT USDIGInfl 5US$ ***** -463.4 -1.3 Lyxor Indonesia10US$ 8811 -234.2 -2.1 DBXT FTVietnam 10US$ 2670 -161.6 -4.6 JMH 400 USD 6032 -147.8 -1.9 DBXT iBoxxUSTr 5US$ ***** -130.3 -0.5 DBXT AUD Bonds 5AU$ ***** -117.1 -0.5 JSH 500 USD 3575 -80.2 -1.8 DBXT iBoxxSing 5SG$
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    • 1567 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 3 10.05 14.32 1.58 1.44 Amtek Engineering Ltd 3.00 2.50 2 0.05 10.39 0.56 0.64 ARA Asset Management Ltd 2.50
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    • 5 6 WEEKLY
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    • 4 6 WEEKLY
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    • 77 6 Jun 6 VALUE CLOSE BT OB/OS 223.00 -24.00 BT CADI -*****.00 +55.00 BT 10-day MA -*****.00 +22.00 FTSE ST Mid Cap 769.21 +1.31 FTSE ST Small Cap 559.77 +1.33 FTSE ST All Share 803.14 +4.06 FTSE ST China Top 199.89 +0.09 FTSE ST China 228.44 -0.21 FTSE
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    • 62 6 VOLUME W Corp 564,196,000 APAC Strategic 299,142,000 STATS ChipPAC 189,054,000 Amplefield 185,782,000 Golden Agri-Res 184,349,000 Blumont 182,340,000 QT Vascular 182,011,000 Charisma Energy 168,800,000 Advance SCT 166,689,000 KLW Hldgs 162,518,000 VALUE($) DBS Grp 238,002,015 SingTel 209,219,285 Ascendas Reit 202,621,312 OCBC Bank 194,072,364 Noble 187,063,388 UOB 164,939,513 Global Logistic
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  • Page 6 Advertisements
    • 112 6 Trade CME Group Products With Phillip Futures nn CME Group Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) An Asian Financial House with a Global Reach www.phillipfutures.com.sg 6538 0500 futures@phillip.com.sg Co. Reg. No: *****5695G 250 North Bridge Road The above information does not constitute an investment
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  • Page 7 Advertisements
    • 17 7 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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  • SINGAPORE NEWS
    • Article, Illustration
      587 8  -  B)’, MINDY TAN tanmIndy@sph.com.sg @l\/lindyTanBT Indonesian islanders get fresh water THE 800 villagers of Sabira Island in Indonesia now have access to fresh water, thanks to the efforts of OCBC staff volunteers who earlier last week built a fresh water pump system on the island. The system is
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  • Page 8 Advertisements
    • 48 8 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988 *The MPAS (Media Publishers Association Singapore) Awards recognises the best media brands and products in Singapore on print and online.
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1656 9  -  It is just as important to consider, when analysing stock investments, the relative size of a listed company or trust, says GEOFF HOWIE GEOFF HOWIE The writer is SGX’s market strategist WHETHER we are looking to buy a house, a car or a new set
      PHOTO: REUTERS  -  1,656 words
    • 970 9 Investing in biotech can mean big gains if a promising discovery is made but a little caution goes a long way Bloomberg JOSEPH Edelman points at a chart of InterMune Inc’s shares on a computer screen in his midtown Manhattan office. It’s late afternoon on Feb
      Bloomberg; FILE PHOTO  -  970 words
  • Page 9 Advertisements
    • 113 9 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words

  • VIEWS FROM THE TOP
    • 1927 10 THIS WEEK’S TOPIC As a CEO and employer, what is your response to the National Wages Council’s recommendations each year? How can the NWC enhance its role in today’s economic climate? Brad Adams Head of HR Research in Asia CEB TO compete in Asia, companies need a
      PHOTO: ST FILE  -  1,927 words
  • Page 10 Advertisements

  • MALAYSIA/INDONESIA
    • 821 11 Group is world’s second largest after Hospital Corp of America [KUALA LUMPUR] Despite being one of the largest hospital groups in the world, IHH Healthcare has an insatiable appetite for growth. “We are focused on growth and I believe we are well-positioned
      FILE PHOTO  -  821 words
    • 448 11 Reuters [SINGAPORE] Indonesia’s influential Bakrie family seems to have won another battle to stave off a full-scale restructuring of coal-miner Bumi Resources. Bumi chief financial officer Andrew Beckham told investors on Thursday that the company had received all the approvals it needed to
      Reuters  -  448 words
    • 1373 11 VOL Jun 6 RM +/-(‘000) VOL Advance Synerg 0.26 0.03 ***** Adventa Bhd 1.31 Ae Multi Hldgs 0.20 unch 61 Affin Holdings 3.60 unch 208 Ahmad Zaki Res 0.71 unch 801 Alliance Finan 4.69 -0.17 ***** Aluminium Co Advance Synerg Amalgamated In .........unch unch 0 Amcorp Pro Bhd
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  • Page 11 Advertisements
    • 139 11 RSACONFERENCE2014 ASIA PACIFIC JAPAN JULY 22-23 MARINA BAY SANDS SINGAPORE Attend RSA® Conference Asia Pacific b Japan and experience what happens when information security professionals collaborate and share exciting innovations that help secure our businesses. Choose from 7 conference tracks and 50+ sessions. Become a part of our collective intelligence
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  • CHINA/INDIA
    • 643 12 Their discussions are expected to focus on strengthening economic relations AFP [NEW DELHI] China’s foreign minister met his Indian counterpart yesterday in New Delhi in the first high-level talks between the Asian rival giants since Prime Minister Narendra Modi took charge.
      AFP; PHOTO: REUTERS  -  643 words
    • 667 12 Fresh graduates are ill-equipped to take on skilled jobs Reuters [BEIJING] China is waking up to a potentially damaging mismatch in its labour market. A record 7.27 million graduates equivalent to the entire population of Hong Kong will enter the job market this year;
      Reuters  -  667 words
  • Page 12 Advertisements
    • 362 12 THE BIGGEST CAREER FAIR IS BACK AGAIN FREE BOOTH' AT STJOBS CAREER DEVELOPMENT FAIR 2014! 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 talents and attain high brand visibility
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  • WORLD
    • 926 13  -  Doubts are being voiced openly, even from within the BOJ’s Policy Board By ANTHONY ROWLEY in Tokyo BANK of Japan (BOJ) governor Haruhiko Kuroda is finding himself at the centre of growing controversy over whether his radical monetary easing policy is helping or harming
      PHOTO: REUTERS  -  926 words
    • 381 13 It seeks appropriate investigation into bribery allegations Reuters [LONDON] Sony has become the first World Cup sponsor to call for a probe into accusations that bribes were paid to secure the 2022 tournament for Qatar, raising the stakes for football
      Reuters  -  381 words
    • 487 13 Bloomberg [NEW YORK] The US’s AA+ credit rating was affirmed by Standard Poor’s, which cited the resilience and diversity of the economy, almost three years after downgrading the nation for the first time amid political wrangling. There is a less than
      Bloomberg  -  487 words
    • 719 14 Revelation seen worsening public backlash from Snowden case Bloomberg [LONDON] The disclosure by Vodafone Group plc, provider of mobile phone service to more than 400 million customers worldwide, that some governments tap directly into its network without company consent spurred a new
      Bloomberg; PHOTO: AFP  -  719 words
    • 635 14 Supply strains linked to global crises are keeping prices high AFP [VIENNA] Opec is set to stick by its oil output ceiling when it meets this week, as supply tensions linked to global crises help to keep crude prices high, benefiting producers. The
      AFP; PHOTO: REUTERS  -  635 words
    • 303 14 Reu ters [DUBAI] Saudi International Petrochemical Co (Sipchem) and Sahara Petrochemical called off their proposed merger yesterday, citing an inadequate regulatory framework in the kingdom for the collapse. The tie-up, which would have created a firm with a market capitalisation of US$5.7 billion
      Reuters  -  303 words
    • 344 14 Reuters [DUBAI] Saudi Arabia’s Shura Council, an influential advisory body to the government, will discuss a proposal for the country to establish a sovereign wealth fund that would invest some of its vast oil earnings, local media reported. The National
      Reuters  -  344 words
    • 807 15 Junta has invited economic proposals for ‘roadmap’ out of latest crisis AFP [BANGKOK] The last time Thailand had a coup, the stock market crashed when the kingdom imposed draconian capital controls. This time around, investors hope the generals have learnt their lesson. Markets
      AFP; PHOTO: AFP  -  807 words
    • 405 15 Force of over 6,000 troops, police is readied in Bangkok Reuters [BANGKOK] Thailand’s junta had prepared a force of over 6,000 troops and police for deployment in Bangkok yesterday to smother protests and prevent opposition to the May 22 coup from gaining
      Reuters; PHOTO: REUTERS  -  405 words
    • 727 16 Worries over China’s rise prompt a relationship-building drive across Asia AFP [TOKYO] A huge submarine deal is on the table this week when Japan and Australia meet to shore up their military relationship, as the security architecture of the Asia-Pacific shifts to
      AFP  -  727 words
    • 692 16 Coal output is down and transportation system is in trouble AFP [DONETSK] With major enterprises closed for the past month, coal production down, and the transportation system in disarray, the economic future of eastern Ukraine’s separatist territories looks bleak. “The consequences of the conflict
      AFP; PHOTO: AFP  -  692 words
    • 400 16 Reuters [MANILA] Vietnamese and Philippine troops got together on a disputed island in the South China Sea yesterday to play soccer and volleyball as well as drink beer in a display of unity that will not go unnoticed in Beijing.
      Reuters  -  400 words
    • 853 17 ECB’s Mario Draghi is widely acclaimed as the man who saved the euro AFP [PARIS] Mario Draghi took another great step last week in leading the eurozone, including the reluctant German Bundesbank, into the world of negative interest rates, showing for the second time
      AFP; PHOTO: BLOOMBERG  -  853 words
    • 532 17 CEO’s remarks sparks talk that the firm is on acquisition path Reuters [ZURICH] Nestle’s chief executive, who oversees a sprawling empire stretching from baby food to wrinkle treatment, admits to finding one of its oldest businesses, chocolate, a source of frustration. Nestle is one
      Reuters  -  532 words
    • 644 18 They resist investing in stocks regardless of their age or amount of wealth NYT [NEW YORK] Investors at all wealth levels around the world are holding substantial amounts of cash that have increased since 2012. According to new research on investors in
      NYT  -  644 words
    • 634 18 Bloomberg [NEW YORK] Uber Technologies Inc is creating a new category of hot startup: the US$17 billion club. The San Francis-co-based transportation service, which lets people order private town cars and other vehicles from their smartphone, has raised US$1.2 billion in a new
      Bloomberg; PHOTO: BLOOMBERG  -  634 words
    • 571 18 Bloomberg [WASHINGTON] Mary Jo White’s blueprint for imposing tighter controls on high-frequency traders and some of the murky venues they inhabit stops short of a crackdown. The US Securities Exchange Commission’s (SEC) plan, unveiled by Ms White in a speech last week,
      Bloomberg  -  571 words
    • 570 18 AFP [BASEL] Switzerland’s exclusive private banking sector is turning the page on the business model that crafted its fortune and reputation, amid tougher international regulations and a crackdown on tax cheats, insiders say. Amid international pressure on Swiss banks to make amends
      AFP  -  570 words
    • 729 19 Rivals will showcase blockbuster titles, promote consoles AFP [SAN FRANCISCO] Muscular new consoles from Microsoft and Sony are girding to battle for the throne of the video game industry at the E3 extravaganza set to kick off in Los Angeles tomorrow.
      AFP; PHOTO: AFP  -  729 words
    • 627 19 But proposal to add illegal activities into national accounts sparks outrage AFP [PARIS] Europe’s governments are turning their attention to prostitution, drugs and contraband as possible ways of boosting their economic growth profiles, as they struggle away from their debt crises. Italy
      AFP  -  627 words
  • Page 13 Advertisements
    • 2348 13 The Business Times Ik IT I 1 Toll free 1800-289-8822 I I Email noticescasph.com.sg I V i B j j www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP .50 AND IN THE MATTER OF SUNTEC CITY DEVELOPMENT PTE LTD (Company Registration No: *****2598N) (In Members’ Voluntary Winding Up) CERTIFIED
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  • Page 14 Advertisements
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  • Page 15 Advertisements
    • 1050 15 The Business Times Ik ~TI Toll free 1800-289-8822 I M I I Email notices@sph.com.sg I V i j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF LIMA BINTANG HOLDINGS PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co Reg No *****1815C) The following
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    • 1961 15 J/ICK5PEEO JACKSPEED CORPORATION LIMITED Company Registration No. *****0300W (Incorporated In the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Jackspeed Corporation Limited (the “Company”) will be held at 47 Loyang Drive. Singapore *****5 on Tuesday, 24 June 2014 at 10.00 a.m. for the following purposes:
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  • Page 16 Advertisements
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  • Page 17 Advertisements
    • 215 17 Always Be Discovering with The Business Times Indulge in top quality French wines selected by one of the best sommeliers of France m Vv tIs from the outstanding vineyard Herault vinifie oduced in the Patrimonial the best appellation of LDTZiCii; a MBl 1 CELL I BENCH y CELLAR WINE TASTING
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  • Page 18 Advertisements
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  • Page 19 Advertisements
    • 61 19 r STJOBS May June 2014 SPOTLIGHT Our bi-monthly online jobs supplement JVfedict edition illll is now out! Q> "fe-. /f rj Di Sl, lgltal Media Communications Mobile M ver A cV tising Vo 1 1 £5 V wr .a V k( A v O vV ,v> V is the media
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  • SHIPPING/AVIATION
    • 677 20 Weather changes could affect output of key foods such as rice, wheat, sugar Reuters [LONDON] A potential El Nino weather phenomenon, which could wreak havoc on global crops, is set to disrupt shipping patterns and raise freight costs, leaving suppliers
      Reuters; PHOTO: AFP  -  677 words
    • 460 20 Reuters [DOHA] Iran Air will need at least 100 passenger jets once sanctions against the country are lifted and will find it easier to do business with companies that cooperated during the current window for sanctions relief, the head of the airline said.
      Reuters  -  460 words
    • 559 20 Probe driving banks, trading houses to take precautions Reuters [SYDNEY] Some copper carg oes h e ld a t Ch i na s Qingdao Port were being shipped to more regulated LME warehouses, industry sources said, as banks and trading houses took precautions
      Reuters  -  559 words
    • 325 20 Bloomberg [DALLAS] In the quest to build drones that can help companies such as Amazon.com make door-to-door deliveries, engineers are racing to overcome a fundamental challenge: helping unmanned, suitcase-sized aircraft see where they’re going. The answer is developing sensors that
      Bloomberg  -  325 words
    • 230 20 SGX '000 Jun 06 S$ +/-Vol Ch Offshore 0.45 0.03 907 Chuan Hup Hldg 0.28 -0.01 117 '000 Cwt Limited s$ First Ship Lea Grand Banks 0.27 0.01 356 Jaya Hold Ltd 0.80 unch 2018 K1Ventures 0.18 unch 3150 Keppel Corp 10.75 0.05 3216 Mercator Lines.............0.10 unch 1
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  • Page 20 Advertisements
  • Page 20 Miscellaneous
    • 323 20 CRYPTIC CROSSWORD Across 1 Prison meal served up cold (10) 6 Communist state producing copper and barium (4) 10 Get the low-down on a King and Queen at last (5) 11 European bound to appear in Olympic event (4,5) 12 Host of parasites seen on the move (8) 13 Priest
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  • DINING OUT
    • 831 21  -  While Sugarhall boasts a well-stocked bar, its food menu can pack more heft, says JAIME EE JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Sugarhall 102 Amoy Street Tel: 6222-9102/9732-5607 Open Mon to Sat: 6pm to 12am THE onslaught of cocktail bars that now crowd the F&B scene seems
      PHOTOS: SUGARHALL  -  831 words
  • Page 21 Advertisements
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  • SINGAPORE STOCKS
    • 4486 22 Week ended: Jun 6 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 13.3 10.4 8Telecom Week Last Quote --AAT Net M Cap 13.7 6.7 AIMS Property 13.5 +0.5 1355 13.7 13.3 13.5
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    • 560 23 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32 23 t 3Cnergy 500 Last Vol 1.9 0.9 t Advanced Systems 1.1 +0.2 ***** 1.1 0.9 1 1.1 21.4 Last Quote Div Gr
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    • 127 23 Stock name Close Change Ascendas Reit 2.350 +0.020 CapitaLand 3.200 +0.030 CapitaMall Trust 2.010 +0.010 CityDev 10.280 +0.080 ComfortDelGro 2.510 +0.100 DBS Grp 17.080 +0.060 Genting Sing 1.340 +0.005 Global Logistic 2.730 +0.020 Golden Agri-Res 0.570 HPH Trust USD 0.755 +0.010 Stock name Close Change HongkongLand
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    • 1937 23 Transaction date: Jun 6 HONG KONG Vol HK$ +/-'000 Aeon Stores ■000 Angang Steel 4.60 0.12 ***** Anhui Conch 27.40 -1.00 ***** Anhuiexpresswa 4.68 -0.03 548 Asia Satellite 31.40 0.70 20 Asm Pacific 89.00 0.05 351 Avic Ihl unch 0 Baiyunshan Ph 4.60 Bank Of China 3.63 -0.08
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    • 250 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 62 40.5 AVJennings A57 +2 1 57 57 58 62 3.6 6.1 4.6 211 Last 343 191 TanChongInt HK339 +1 1413 343 330 339 345 9.7 3.1
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    • 186 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 3 0 0 0 4 8 3 Manufacturing 67 73 38 12 13 12 79 86 50 Commerce 27 33 13 5 8 4 32 41 17 Tpt/Stor/Comms 18 18 9
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    • 1160 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 119 108.3 ABF SG Bond ETF 114.6 +0.6 55 115.2 114.6 114.3 115 523.1 135.5 119 CIMB APAC Div 100S$D 130.8 +0.2 5 132 130.8 129.6
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    • 123 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 165,788 165,788 312,780 312,780 Manufacturing 2,391,047 612,076 3,003,123 809,881 103,425 913,306 Commerce 578,413 324,679 903,092 510,274 41,285 551,559 Tpt/Stor/Comms 626,467 24,915 651,382 864,589 3,944 868,533 Finance 148,962 1,025 149,987 660,835 310 661,145 Construction 174,142 247,304
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  • Page 23 Advertisements
    • 26 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 655 24 Jun 6 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.75 *****.34 *****.59 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****6 Sep14 *****.00 *****.00 *****.00 *****.00 4438 ***** MSCI TAIWAN INDEX FUTURES SPOT 326.76 327.98 326.15 Jun14 326.00 327.70 325.60 326.30 ***** *****1 Jul14 320.50
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    • 373 24 In local curr In S$ In US$ dy yr dy yr dy yr Jun 6 Index Change Change Change Change Change Change World Preliminary 1234.0 0.4 4.2 0.1 3.5 0.5 4.4 EAFE Preliminary 978.1 0.5 2.3 0.2 2.1 0.6 3.0 Europe Preliminary 1420.0 0.6 4.8
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    • 471 24 Jun 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.020 5.845 0.685 7.249 55.343 110.611 0.956 9.537 3.006 1.097 92.102 40.806 1.171 9.978 0.834 28.098 30.444 0.556 0.935 Canada 0.980 5.728
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    • 39 24 Jun 6 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths 6 mths Source: Thomson Reuters
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    • 82 24 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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    • 120 24 Jun 06 GOLD(US$/oz) Jun 06 Jun 05 Hong Kong 1261.00 1248.00 Jun 06 Jun 05 London 1252.33 1253.80 1253.10 1254.55 Source: Thomson Reuters CAST BAR Jun 06 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 77 48 5gm 305 250 10gm 567 503
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    • 57 24 Jun 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 14 2414.0 2420.0 2422.0 2400.0 173 1022 Jul 14 2410.0 2422.0 2424.0 2403.0 943 ***** Aug 14 2403.0 2414.0 2418.0 2394.0 ***** ***** Sep 14 2403.0 2414.0
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    • 155 24 Jun 6 Against S$ 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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    • 109 24 Jun 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1457.00 1460.50 1466.50 1456.00 Aug 14 1401.00 1400.25 1406.00 1398.00 Sep 14 1263.75 1259.00 1265.00 1254.75 Nov 14 1218.75 1210.50 1219.75 1205.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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    • 95 24 Jun 6 COCOA (£/tonne) Close Prev High Low Jul 14 1953 1958 1964 1951 Sep 14 1941 1945 1952 1939 Dec 14 1924 1926 1933 1922 Mar 15 1917 1916 1923 1912 COFFEE(US$/tonne) Close Prev High Low Jul 14 1906 1899 1927 1889 Sep 14 1922 1915 1943 1905
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    • 1111 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 4 0.8 ***** 1 2 59 Exer Albedo Limited W*****9 Prem Asiatic Grp(Hldgs) Ltd W*****5 2.1 0.1 5538 0.0 2 15 Asiatravel.com HoldingsW*****7 11.5
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    • 70 24 CRUDE OIL PRODUCTS Jun 05 CRUDE (FOB origin) US$/barrel 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
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    • 22 24 Jun 6 S$ Bid Offer 1-month 1.2525 1.2527 2-months 1.2525 1.2527 3-months 1.2524 1.2526 6-months 1.2522 1.2524 Source: OCBC
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    • 66 24 Jun-06 Jun-06 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1824.25 1824.25 3 months 1850.00 1850.00 Copper, Grade A(US$/tonne) Cash 6803.00 6803.00 3 months 6780.00 6780.00 Lead(US$/tonne) Cash 2086.25 2086.25 3 months 2108.50 2108.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • 121 24 As at 9am 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
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    • 157 24 Jun 6 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.06 US$ 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
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  • 2209 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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  • Page 25 Advertisements
    • 39 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times Shipping Times
      39 words

  • Page 26 Advertisements
    • 221 26 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the Business times Shipping Times FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE
      221 words

  • Page 27 Advertisements
    • 395 27 TOSHIBA Leading Innovation »> Toshiba recommends Windows 8 Pro. Thin. Light. Smart. EMPOWER YOUR BUSINESS WITH SECURE RELIABLE NOTEBOOKS DAY L FE hrs PORTEGE Z30 Ultrabook” ALL BATTERY 1.20kg Ultra Thin, Ultra Light reddot award 2014 winner The new Portege Z30, lightest in its class, comes with Toshiba EasyGuard™ and
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 776 28  -  Hitachi Data Systems provides a way to extend the lifespan of hardware, reportsAMIT AMIT ROY CHOUDHURY amit@sph.com.sg@AmitRoyCBT WITH The Internet of Things (IoT) rapidly becoming mainstream in the Asia-Pacific, some research reports suggest that there could be as many as 766 million connected smart devices in
      776 words
    • 236 28 AFP [TOKYO] Sony has topped worldwide sales of video game consoles for the first time in eight years, a newspaper reported on Saturday, pipping struggling rival Nintendo and signalling the Playstation manufacturer’s comeback. Sony Computer Entertainment (SCE) sold 18.7
      AFP  -  236 words
    • 160 28 Reuters [SAN FRANCISCO] Apple is preparing to sell its first wearable device this October, aiming to produce three million to five million smartwatches a month in its initial run, the Nikkei reported on Friday, citing an unidentified parts supplier and sources familiar
      Reuters  -  160 words
    • 698 27  -  By VICTORIA HO [SINGAPORE] The digital bad guys are making far more targeted attacks tailored to work on businesses in a specific industry, say security specialists. Gone are the days when attackers mounted blanket campaigns across industries. These days, the hacks carried out
      FILE PHOTO  -  698 words
    • 692 27  -  Tagged to legitimate programs, they are a top threat in 105 of 110 regions: report By AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT DECEPTIVE downloads have emerged as a major malware threat in Singapore, as at the last quarter of last year, according to Microsoft’s latest
      692 words
    • 507 27  -  Trade show CommunicAsia is back next week with more than 2,000 vendors By VICTORIA HO LONG-RUNNING annual IT trade show CommunicAsia returns next week and promises attendees a preview of what the future of the Internet of Things (IoT) will look like. To
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    • 118 28 A dynamic city A bank renowned for innovation 50 remarkable years in Singapore ip KM. a r j if*: ill >/ 1 A ;y ss bl E mm. ■aa ..Ijiairsss^sss?^*; 5^V .-.^a From transport to property to commodities, J.P. Morgan has been at the forefront of many pioneering deals that
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