The Business Times, 18 June 2014

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Microfilm: NL33152
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, June 18, 2014
    25 words
  • Article, Illustration
    Lock icon Watch smart nation take off in Jurong Lake District
    911 1  -  It will be largest commercial centre outside CBD and test bed for intensive smart nation initiative By AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT The Jurong Lake District (JLD) is set to become the most futuristic part of the island, thanks to its
    Source: IDA  -  911 words
  • Article
    Lock icon S’pore exports back in negative territory with 6.6% fall in May
    656 1  -  Smaller electronics, non-electronics drag down shipments By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] It appears that the recovery in the developed markets has yet to fully filter through to Singapore’s exports. After inching up 0.9 per cent in April, non-oil
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,274.44 (-15.82) HST INDEX FUTURES 3,275.00 (-15.00) HSIMSCI 372.16 (-1.50) HSIMSCI FUTURES 372.40 (-1.40) US$ S$ US$ (S$ per US$) 1.251 (US$/S$ per 1.698 2.125 EURO (US$/S$/€ 1.356 1.697 Foreign currency per US$ S$ YEN 102.00 81.50 RM 3.222 2.575 HK$ 7.752 6.194 BAHT 32.46 25.94 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Tuesday Change KL COMP 1,874.60 +3.02 NIKKEI 225 14,975.97 +42.68 HANG SENG 23,203.59 -97.08 SET INDEX 1,471.02 -0.83 JAKARTA COMP 4,909.52 +24.06 MANILA COMP 6,704.93 -53.52 SEOUL COMP 2,001.55 +7.96 SHENZHEN B 825.67 -5.80 MUMBAI IND 25,521.19 +330.71 12 noon EDT Change DOW 16,789.09 +8.08 NASDAQ 4,337.92 +16.82
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    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.35 MALAYSIA 6.55 TAIWAN 5.00 INDONESIA 15.467 TAIWAN 5.036 CANADA 1.475 KOREA 9.33 Source: Bloomberg
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      91 1 EXEC MONEY Avoiding a tax that they support PAGE 28 WORLD CUP Stars and Stripes do it in style PAGE 2 TRANSPORT HUB Changi Airport is best in Asia for 28 years running PAGE 18 mmtm n i '.-.—i-jK 1 Getaway, everyday. Hilltops, your personal getaway. Away from your 8
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  • TOP STORIES
    • Article, Illustration
      Lock icon Consumer prices increase by most in over a year
      630 2 CPI rises 0.4% in May; builders break ground on one million homes LATEST US DATA Bloomberg [WASHINGTON] The cost of living in the United States rose more than forecast in May, reflecting broad-based gains that signal inflation will move closer to
      Bloomberg; PHOTO: BLOOMBERG  -  630 words
    • Article
      Lock icon Corrections and clarification
      146 2 IN “May sales of private condos double from preceding month’s” (BT, June 17), we wrongly reported Sing Holdings as the developer of Singa Hills and Loft 33. Singa Hills is developed by Ecco Development and Loft 33, by Macly Equity. We are sorry for the errors. For
      146 words
    • Article, Illustration
      Lock icon Stars and Stripes do it in style
      523 2  -  Klinsmann might secretly be fancying pulling off another big upset against Portugal COMMENTARY LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT Correspondent WHEN US coach Jurgen Klinsmann revealed before his team’s World Cup opening match that he planned to leave Brazil only after the July 14 final,
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    • Article
      Lock icon THREE-MINUTE DIGEST
      357 2 Watch smart nation take off in Jurong Lake District THE Jurong Lake District (JLD) is set to become the most futuristic part of the island, thanks to its status as a test bed for Singapore’s push to become the world’s first smart nation. FRONT PAGE Singapore exports back
      357 words
    • Article, Illustration
      Lock icon The BT-Coca-Cola World Cup Charity Drive
      413 2 JUNE 19 Australia vs The Netherlands (12mn) Anthony Lim Executive Chairman, Acclaim Insurance Brokers Pte Ltd Australia’s defensive approach will limit the goals that they will concede and give a respectable scoreline to the match. Judging from Australia’s game against Chile, it will be
      413 words
    • Article
      Lock icon Central Region share of GLS confirmed list on the rise
      927 3  -  URA: This will provide more housing options nearer to jobs in central area By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] After creating jobs closer to homes in the suburbs in recent years, the government is increasingly bringing private homes closer to
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    • Article
      Lock icon Natural gas takes on bigger part in S’pore’s energy mix
      643 3  -  Gas consumption grows 12% as new gencos using gasfired turbines open By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] Natural gas is starting to feature increasingly in Singapore’s energy mix, not just due to demand from new gas-fired genco plantings here which pushed
      643 words
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      174 3 ATTRACTIVE PACKA TERMS AND CONDITIONS APPLY. MASERATI GRANTURISMO. GRANTURISMO IS BACK In the spirit of the classic grand tourers of yesteryear, the Maserati GranTurismo has been created for those who appreciate true sophistication and refinement in a luxury coupe. Universally acknowledged as one of the most stunning designs of all
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Finance professionals in S’pore enjoy workplace
      639 4  -  But staff retention remains a problem as only 7% are not seeking new jobs By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT FINANCE professionals are quite happy with their employers, unlike other presumably lower paid workers, but they are also pretty greedy, a survey found. Two-thirds
      Source: efinancialcareers  -  639 words
    • Article, Illustration
      Lock icon SIA least exposed Asian airline to rising fuel prices
      383 4  -  It has about half of its fuel requirements hedged: HSBC By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SINGAPORE Airlines (SIA) is the least exposed among Asian airlines to rising jet fuel prices while earnings of budget carrier AirAsia X are the most at
      PHOTO: BLOOMBERG; Source: HSBC estimates  -  383 words
    • Article
      Lock icon GLP inks deal to lease Greater Tokyo property to Logitem
      251 4  -  By RAPHAEL LIM raphlim@sph.com.sg GLOBAL Logistic Properties (GLP) has signed a new build-to-suit agreement to lease an upcoming 62,000 square metre facility in Greater Tokyo to Japan Logistic Systems Corp (Logitem). The four-storey facility, GLP Yoshimi, is scheduled to commence
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    • Article, Illustration
      Lock icon Bid for Allergan: Morgan Stanley gets a bitter pill
      648 5 Pharma firm uses bankers’ emails to put further pressure on Valeant NYT [NEW YORK] In its quest to defend against a US$53 billion hostile takeover, Allergan pulled back the veil on the usually secretive world of mergers and acquisitions banking on
      NYT; PHOTO: BLOOMBERG  -  648 words
    • Article
      Lock icon Citigroup buys Asian HQ for HK$5.4b in record Hong Kong office deal
      320 5 Reuters [HONG KONG] Citigroup will pay HK$5.425 billion (S$877 million) for its new Hong Kong headquarters, in the largest ever purchase of a single-block office building in the Asian financial hub, the US bank said yesterday. A unit
      Reuters  -  320 words
    • COMPANY BRIEFS
      • Article
        Lock icon Executives on the move
        114 5 MILLENNIUM Copthorne Hotels’ (M&C’s) interim CFO, Andrew Cherry, is leaving M&C on June 20 “to pursue a permanent opportunity elsewhere”. The City Developments Ltd subsidiary is continuing its search for a permanent CFO. Meanwhile, CapitaLand’s group deputy CEO, Olivier Lim Tse Ghow, will be stepping down
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      • Article
        Lock icon Tianjin ZX voluntary suspension
        114 5 CITING a pending release of an announcement, traditional Chinese medicine company Tianjin Zhong Xin Pharmaceutical Group yesterday requested that the trading halt of its S-shares on the Singapore Exchange (SGX) be converted into a voluntary suspension, with effect from today. The trading halt of its A-shares
        114 words
      • Article
        Lock icon Ace Achieve secures 48m yuan IT project
        36 5 ACE Achieve Infocom has clinched a new IT infrastructure project worth 48 million yuan (S$9.6 million) from China Unicom. The project is expected to be completed within 18 months.
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      • Article
        Lock icon Starburst Holdings eyes Catalist listing
        61 5 SINGAPORE-based Starburst Holdings Ltd has lodged its preliminary prospectus for a listing on Catalist. It is an engineering group specialising in the design and engineering of firearms-training facilities –it designs, fabricates, installs, and maintains anti-ricochet ballistic protection systems for firearm shooting ranges and tactical training
        61 words
      • Article
        Lock icon ‘Trade with caution’ on Foreland Fabrictech
        43 5 SINGAPORE Exchange has issued a “trade with caution” alert on Foreland Fabrictech Holdings securities, as the latter said it was not aware of any reasons that could possibly explain the “substantial increase” in its traded volume yesterday.
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      • Article
        Lock icon CCT repurchases $42m of convertible bonds
        42 5 CAPITACOMMERCIAL Trust has repurchased $42 million of the principal amount of convertible bonds (issued four years ago) for about $58.5 million (including accrued interest). The outstanding principal amount of convertible bonds is reduced to $115.75 million.
        42 words
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      156 4 50 Anniversary Lead with one of the top M BAs in the world, It’s possible, r The University of Nottingham UNITED KINGDOM CHINA MALAYSIA y Top 1 Of all universities worldwide (QS World University Rankings, 2013/2014) Number 1 choice amongst the UK’s top graduate employers (The Graduate Market in 2014,
      156 words
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      Lock icon Page 4 Advertisements Column 2
      431 4 InvestorRelationsHighlights World Precision Machinery awarded national accreditation for its new high-end equipment JSG36-1000 model World Precision Machinery Limited, a manufacturer of precision stamping equipment in the PRC, has announced that its newly launched JSG36-1000 model of high-end stamping machine has recently gained national recognition from the government and industry experts
      431 words
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      Lock icon Page 4 Advertisements Column 3
      20 4 Hire pest control specialists or publicise your services in CLASS 116 To advertise, call the Print Classified Hotline: 1800-289 9988
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      174 5 /ikv Mr x <# 0 R) Off—, A II ■I III I iUff'* 6 vvvvv nn ft f w a Heartiest Congratulations from: AVAyA Microsoft The Power of We DATCOM SERVICE PTE LTD UTES GENESIS Law Corporation MITEL Radiance 3 Communications A Keppel T&T-SingTel JV We are 15! 15 years
      174 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Stocks weaken as FOMC meets
      645 6  -  STI loses nearly 16pts; poor turnover continues; market expecting Fed to lower economic forecast STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent OFTEN when stocks drift sideways for a prolonged period, this is a precursor to a breakout on the upside provided there is evidence of
      Source: Bloomberg  -  645 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jun 17 VALUE CLOSE BT OB/OS -220.00 -39.00 BT CADI -*****.00 -98.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 768.42 -2.70 FTSE ST Small Cap 556.22 +0.70 FTSE ST All Share 797.98 -3.36 FTSE ST China Top 198.48 -0.23 FTSE ST China 225.57 -0.79 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME Vallianz 139,671,000 KLW R 93,132,000 KLW Hldgs 63,801,000 Mirach Energy 38,241,000 Foreland FabriT 38,189,000 Blumont 32,221,000 APAC Strategic 30,913,000 Noble 29,754,000 W Corp 28,090,000 Golden Agri-Res 27,431,000 VALUE($) Keppel Corp 53,306,101 OCBC Bank 45,393,269 DBS Grp 43,236,680 SingTel 42,727,535 Noble 40,796,755 UOB 36,911,050 Global Logistic 30,723,035
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 7 4 0 0 0 3 7 4 Manufacturing 44 47 43 7 11 7 51 58 50 Commerce 14 24 22 4 8 1 18 32 23 Tpt/Stor/Comms 7 22 12
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      905 6  -  Compiled by KENNETH LIM Singapore Exchange June 17 close: S$6.98 JP Morgan, June 17 THE cap on clearing fees at Singapore Exchange (SGX) was removed on June 1, along with the introduction of market makers and liquidity providers (eight each, at present). These moves will be positive for
      Source: Bloomberg  -  905 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,782 19,782 72,641 72,641 Manufacturing 309,812 220,761 530,573 87,249 10,901 98,149 Commerce 100,514 168,365 268,879 124,745 23,581 148,325 Tpt/Stor/Comms 63,568 3,662 67,230 106,215 469 106,683 Finance 32,736 628 33,364 134,166 191 134,357 Construction 21,137 27,768
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      117 6 Stock name Close Change Ascendas Reit 2.280 -0.010 CapitaLand 3.190 +0.020 CapitaMall Trust 1.955 -0.015 CityDev 10.300 -0.120 ComfortDelGro 2.470 -0.010 DBS Grp 17.040 -0.060 Genting Sing 1.330 Global Logistic 2.650 -0.010 Golden Agri-Res 0.575 HPH Trust USD 0.745 HongkongLand USD 6.650 -0.080 JMH 400 USD
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    • Article, Illustration
      Lock icon Aussie falls with RBA harbouring doubts
      536 6 CURRENCIES Reuters [LONDON] The Australian dollar fell around half a per cent yesterday, after the country’s central bank the Reserve Bank of Australia (RBA) expressed more doubts about what is proving to be a messy economic recovery. The euro, yen and dollar have been
      Reuters; PHOTO: BLOOMBERG  -  536 words
    • Article
      Lock icon RISES
      119 6 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 132.7 0.5 SPDR DJIA 10US$ ***** 105.1 0.5 DBXT iBoxxSvEu 5US$ ***** 102.6 0.3 DBXT EONIA 5US$ ***** 67.6 0.3 DBXT E50 10US$ 5556 50.1 0.7 DBXT MSEurope 10US$ 6355 46.3 0.6 DBXT AUD Bonds 5AU$ ***** 38.7 0.2 DBXT
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    • Article
      Lock icon FALLS
      127 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -175.2 -1.1 DBXT AUDCS 5SG$ ***** -87.0 -0.3 DBXT AUDCS 5US$ ***** -80.1 -0.3 Jardine C&C 4383 -77.0 -1.7 JSH 500 USD 3599 -75.1 -1.6 JMH 400 USD 6115 -55.1 -0.7 DBXT Nifty 10US$ ***** -48.8 -0.3 DBXT USDIGInfl 5US$ ***** -48.8
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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  • Article, Illustration
    Lock icon Hidden dangers of digital intermediaries
    1442 7 While they are useful, there is also a dark side to the medium, says Robert J. Kauffman A Special Feature Brought to You By Singapore Management University A MAJOR technology-led innovation in the past twenty years has been digital intermediation. Today, Google delivers handy search
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      151 7 SMU MASTER OF IT IN BUSINESS Financial Services track (MITB FS) “Banking is technology. Without technology, there is no bank.”, v 1 r LJ I I I i IJ^ Ian Rae, General Manager Technology Asia Pacific, Europe America Australia and New Zealand Banking Group Limited (ANZ) The definitive Master of
      151 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon P&G devotes a day to train SME leaders
      373 8  -  Senior Microsoft, Google execs share success strategies for faster growth By MINDY TAN tanmindy@sph.com.sg @MindyTanBT PROCTER Gamble (P&G) yesterday conducted its inaugural leadership development programme for small and medium enterprises (SMEs). The day-long training session, called P&G Leadership College, attracted 50 SME
      373 words
    • Article, Illustration
      Lock icon Jem jinx continues with ‘indoor downpour’
      474 8  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT PARTS of Jem shopping mall were flooded from noon yesterday, after the sprinklers on the third level of the atrium were triggered, sending water into the common areas of the Jurong mall’s basement one and the first and second
      PHOTO: LIM YAOHUI / ST  -  474 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon NUS campus shuttle buses get info system
        139 8 THE Keio-NUS CUTE Center at the National University of Singapore (NUS) has partnered Mistubishi Heavy Industries to develop a smart, location-aware information system for shuttle buses on its campus. Called Citius (Communication Infrastructure of Transport Information for Universal Service), it tracks and identifies
        139 words
      • Article
        Lock icon Temasys launches WebRTC platform
        98 8 WEB real-time communication (WebRTC) start-up Temasys Communications has launched the Temasys Skyway platform to help developers embed WebRTC simply into devices, applications, websites and browsers. The technology allows browser-to-browser video, audio and data communication, offering the ability to create applications such as video chat on the
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    • Article
      Lock icon S’pore, Brunei ink info-comm technology pact
      190 8 SINGAPORE will assist Brunei in its quest to develop its info-communications technology industry (ICT), which has been identified as one of the strategic goals to achieving the country’s Wawasan 2035 vision. The Authority for Info-communications Technology Industry of Brunei (AITI) yesterday signed an agreement
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    • Article, Illustration
      Lock icon 1 in 2 workers here not satisfied with their jobs
      400 8 NO amount of bright city lights and shiny new skyscrapers can mask the unhappiness that is building up in Singapore it seems. About one in two employees here think they do not have the perfect job, with three in four
      400 words
    • Article
      Lock icon Google launches map editing tool in Singapore
      476 8 GOOGLE has finally launched its editing tool a crowdsourcing initiative that allows users to add information to its mapping service in Singapore, urging the local community to “start sharing your favourite Lion City nooks and crannies with the rest of the world today”.
      476 words
    • Article, Illustration
      Lock icon BT Wine Challenge calls for entries
      340 8  -  By CHERYL TAN tansyc@sph.com.sg FOLLOWING the success of last year’s inaugural The Business Times Wine Challenge CEOs’ Choice organised in partnership with UBS, The Business Times’ wine competition is back and calling for entries. From today until July 11, wine distributors and retailers may
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  • MALAYSIA
    • Article, Illustration
      Lock icon YTL boss steps on tender spot
      602 9  -  Still, not even someone who has been dished out contracts should be sidelined in the debate against cronyism COMMENTARY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent Malaysian tycoon Francis Yeoh, boss of conglomerate YTL Group, rarely wanders out on a limb in a public gallery
      PHOTO: BLOOMBERG  -  602 words
    • Article
      Lock icon Leader Universal returns to Bursa via SCB
      418 9 It will be without property business, focusing on cable [KUALA LUMPUR] Leader Universal Holdings Bhd, which was taken private by HNG Capital Bhd three years ago, is making a return to the stock exchange without its property businesses, The Star reported. Leader Universal’s
      418 words
    • Article
      Lock icon M’sia scraps tax office investment panel plan
      230 9 Reuters [KUALA LUMPUR] Malaysia’s government has postponed until October a controversial legislative amendment that would create an investment panel within the country’s tax revenue agency a proposal that has been criticised for putting taxpayers’ money at excessive risk. An official withdrew the legislation
      Reuters  -  230 words
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      48 9 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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  • CHINA
    • Article, Illustration
      Lock icon China’s May FDI falls by most in 16 months
      756 10 Foreign firms invest US$8.6b; cooling economy and high entry barrier cited Reu ters [BEIJING] The amount of new foreign investment that China attracted in May shrank by the most in 16 months, hurt partly by its cooling economy, though the trade
      Reuters; PHOTO: AFP  -  756 words
    • Article
      Lock icon Alibaba names partnership and board members
      357 10 Reuters [BEIJING] Alibaba Group Holding has revealed the members of its powerful 27-person partnership and board, while disclosing that the Chinese e-commerce giant’s growth has slowed from the red-hot pace of recent quarters. In an updated prospectus for what could be the largest tech
      Reuters  -  357 words
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      469 10 Oyster OCCASIONS W HR -Jk s k:* v V5 'V. i m iu uv i iu;ouiiuiji y i i '..cm.--' 1 This June, 10 at Claymore pampers oyster afficionados with an indulgent 6 varieties of oysters, freshly shucked to order at daily Dinner Buffet and Sunday Brunch. Spanning France. U.S.,
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  • WORLD
    • Article
      Lock icon US Fed to raise rates faster than expected
      745 11 Investors are assuming slower pace, according to poll of economists Bloomberg [NEW YORK] The Federal Reserve will probably raise its benchmark interest rate faster than money market investors expect, according to most economists surveyed by Bloomberg News. Eurodollar futures, the world’s most
      Bloomberg  -  745 words
    • Article
      Lock icon Deutsche Bank unit entertained Japanese pension fund officials
      284 11 Bloom berg [TOKYO] A Deutsche Bank AG’s Japanese securities unit entertained officials from 45 funds that manage public pensions, according to a report obtained by Bloomberg News, signalling that the potentially illegal practice was more widespread than regulators had disclosed. Deutsche Securities
      Bloomberg  -  284 words
    • Article, Illustration
      Lock icon Russia’s oil trove still needs US firms’ input
      661 11 Western technology required to unlock US$8.2t reserves Bloomberg [HOUSTON] Even as the decision to stop gas supplies to Ukraine aggravates tensions with the US and Europe, Russia faces a dilemma: it still needs Exxon Mobil Corp, Halliburton Co and BP Plc to
      Bloomberg; PHOTO: AFP  -  661 words
    • Article, Illustration
      Lock icon Argentina vows to service debt despite new legal blow
      798 12 US Supreme Court refuses to hear its appeal aimed at staving off default Reuters [WASHINGTON] President Cristina Fernandez vowed to find a way to service Argentina’s restructured debt despite suffering a major setback in a long legal battle against “holdout” investors
      Reuters; PHOTO: REUTERS  -  798 words
    • Article
      Lock icon ECB’s low interest rates entice investors back
      511 12 Lower bond yields risk encouraging beleaguered govts to put off reforms Bloomberg [LONDON] Having steered borrowing costs to all-time lows, the European Central Bank (ECB) risks inadvertently helping politicians placate austerity-weary voters. ECB president Mario Draghi’s decision to cut interest rates this month
      Bloomberg  -  511 words
    • Article, Illustration
      Lock icon Vietnam firms look elsewhere amid China tensions
      834 14 Country wants to reduce dependence on China Bloomberg [HANOI] For more than eight years, Luong Thi Kim Oanh bought cases of thread from China for her garment factory in Hanoi. Last month, rattled by an anti-China riot in her country, she placed her
      Bloomberg; PHOTO: REUTERS  -  834 words
    • Article
      Lock icon Some US banks don’t meet proposed rule
      867 14 Wells Fargo, State Street, JPMorgan seen below 20% capital threshold Reuters [WASHINGTON] Wells Fargo, State Street and JPMorgan Chase Co are below or almost at minimum capital thresholds expected to be included in a rule still being hammered out by US regulators that’s
      Reuters  -  867 words
    • Article
      Lock icon US firms look for foreign takeovers to cut taxes
      808 14 Tax inversion arrangements double in proportion to all overseas deals: Goldman Bloomberg [NEW YORK] What’s greasing the wheels for the rise in mergers by US companies? The tax man. Two tax-code quirks one that charges US companies when they repatriate overseas
      Bloomberg  -  808 words
    • Article
      Lock icon IEA paints uncertain picture of future oil supplies
      749 16  -  Middle East turmoil aggravates the situation and keeps prices from falling By ANTHONY ROWLEY in Tokyo BIG question marks hang over future global oil supplies despite the shale revolution in the US, as declining supplies from elsewhere aggravated by turmoil in Middle
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    • Article, Illustration
      Lock icon Wal-Mart China to raise food safety spending to 300m yuan
      415 16 It will also increase DNA testing on meat products Reuters [BEIJING] The world’s biggest retailer, Wal-Mart Stores Inc, said yesterday that it will increase its spending on food safety in China to 300 million yuan (S$61 million) in the three
      Reuters; PHOTO: BLOOMBERG  -  415 words
    • Article
      Lock icon US charitable giving nears pre-recession peak
      277 16 AFP [WASHINGTON] US charitable giving rose for a fourth consecutive year in 2013, nearing the record prerecession levels of 2007, a study showed yesterday. Donations from American individuals, corporations and foundations rose 4.4 per cent to US$335.2 billion, according to an annual survey by
      AFP  -  277 words
    • Article
      Lock icon UK hails Chinese deals from gas to finance as Li visits
      418 16 Bloomberg [LONDON] BP plc is to sign a US$20 billion deal to supply liquefied natural gas to China National Offshore Oil Corp, one of a number of deals announced as Chinese Premier Li Keqiang began a visit to the
      Bloomberg  -  418 words
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      67 11 AV MULPHA INTERNATIONAL BHD Leisure Farm Corporation Sdn Bhd(io9?59 u> No, 8, Jalan Perongian, Leisure Farm, Gelang Patah, Johor Bahru *****, Johor Lesure Farm Sales Office +607 556 3003 www.leisurefarm.com.my Exclusive Agent: _TResi L*****09F Jerrytan Residential Pte Ltd 65 Club Street, Singapore *****9 Tel +65 6221 0020 Fax +65 6227
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      107 12 y c Clearly, This is a Business Event You Shouldn't Miss The prestigious 9th Singapore Corporate Awards presentation and gala dinner, to be held on Tuesday, 15 July 2014 at the West Central Ballrooms, Resorts World Convention Centre, is open for booking now. Please call Christine Ang at 6319 5119
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      684 13 CONGRATULATIONS TO THE RECIPIENTS OF THE SME PRESTIGE AWARD 1 Haddad Transportation A&B Scaffold Engineering Pte Ltd Ace Maid Employment Agency LLP Advanced Solutions Engineering Pte Ltd Advanced Wall System (S) Pte Ltd Agro Technic Pte Ltd (Agrofog) Aikyu Trading Co. (Pte) Ltd Allink Insurance Agency Ang Leong Huat Pte
      684 words
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      351 14 I let my thoughts shape the world. It’s my choice. I— Like time, learning never stops. At Kaplan, we find ways for you to reinvent yourself. With our renowned university partner, Monash University, we create an environment where students thrive and build their own distinctive identity. Choose from a range
      351 words
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      145 15 1 he Business Times Wine Challenge 2014 CEOs’ Choice awards, in partnership with UBS, are ripe for the picking. In our quest for 10 top-notch vintages, we are tapping the expertise of a panel of CEOs, all well-regarded wine connoisseurs in their own right, as well as international wine judge
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      1699 16 The Business Times NOTICES a HU CHINA XLX FERTILISER LTD. tH'WS'CMb)E*PBa^* (Incorporated in Singapore on 17 July 2006) (Company Registration No. *****0384G) (Singapore Stock Code: BOR) (Hong Kong Stock Code: 1866) For identification purpose only NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”)
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      102 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ETHYLENE GLYCOLS (SINGAPORE) PRIVATE LIMITED (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****1514K) NOTICE OF MEMBER’S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held on
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  • Transport HUB
    • Article, Illustration
      Lock icon Brazil drought hits soya exporters as key waterway closes
      506 17 Reuters [SAO PAULO] Drought in Brazil’s Sao Paulo state has cut off barge traffic on a key waterway used to transport soyabeans as the government prioritises hydro-elec-tricity generation amid falling river levels. The Tiete-Parana waterway has been drying up since February
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    • Article
      Lock icon TRANSPORT STOCKS
      245 17 SGX '000 Jun 17 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.29 unch 113 Cosco Corp 0.73 0.01 502 Cwt Limited 1.65 -0.07 2417 Vol First Ship Lea .0 44 Grand Banks..............0.26 -0.01 263 Jaya Hold Ltd 0.18 -0.01 3321 K1Ventures 0.18 unch 682 Keppel Corp 10.68
      245 words
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      Lock icon Maersk shares dive as China blocks EU pact
      902 17 Proposed accord will restrict competition on the busiest Asia-Europe container routes: Beijing Bloomberg [HONG KONG] China blocked the formation of a global alliance by the world’s three biggest shipping lines in a surprise move that ignored Western approval of the plan and
      Bloomberg; PHOTO: AFP  -  902 words
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      Lock icon Egypt pushing ahead with Suez port expansion projects
      549 17 Reu ters [LONDON] Egypt is pressing ahead with plans to develop a new wheat storage facility and expand port operations at two terminals in the Suez area as the country looks to bolster strategic food reserves and attract investment, a top port
      Reuters  -  549 words
    • TRANSPORT HUB: AVIATION/SHIPPING
      • Article
        Lock icon Changi Airport is best in Asia for 28 years running
        262 18  -  Operator CAG says it will support airfreight partners amid uncertain conditions By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Changi Airport has won the title of Best Airport in Asia at the Asian Freight and Supply Chain Awards (AFSCA) for the 28th
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        Lock icon Singapore named best Asia seaport for 26th time
        170 18  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] For the 26th time, the Port of Singapore has won the Best Seaport in Asia award. At the 28th Asian Freight and Supply Chain Awards (AFSCA) in Shanghai yesterday, the port edged past strong contenders including
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        Lock icon Pay SIA in currency of your choice, know the charged amount upfront
        381 18  -  Exchange rate is locked in as soon as you do e-purchases By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Singapore Airlines (SIA) has launched a new feature enabling the airline’s customers across the world to pay for flights and other
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        Lock icon Boeing 787-9 Dreamliner cleared for on-time delivery
        512 18 Latest version is still undergoing tweaks but it’s certified safe Reu ters [NEW YORK] Boeing Co said on Monday that regulators have certified the 787-9 Dreamliner, clearing the way for the new, stretched jet’s on-time arrival to its first customer, Air New Zealand,
        Reuters; PHOTO: BLOOMBERG  -  512 words
      • Article
        Lock icon US orders mandatory inspections for F-35s after engine issue
        450 18 Reuters [WASHINGTON] The US military has ordered mandatory inspections of all Lockheed Martin Corp F-35 fighter jets before further flights after a Marine Corps F-35B model suffered an in-flight emergency last week, a Pentagon spokesman said on Sunday. Joe DellaVedova, spokesman
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      • Article
        Lock icon Airlines flying over NZ have to upgrade technology
        177 18 Xinhua [WELLINGTON] Airlines and pilots flying over New Zealand will be required to upgrade navigation, communications and other flight systems under a New Zealand government plan to modernise the aviation sector over the next 10 years. Transport Minister Gerry Brownlee on Monday
        Xinhua  -  177 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Want this car? Show you have the juice first
        627 19  -  BMW i3 and i8 buyers must prove access to charging point for the electric cars By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] BMW’s revolutionary electric vehicles will arrive soon, but not everyone who wants one of these will be able to get it;
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      • Article
        Lock icon GM recalling 3.36m cars for ignition flaws
        746 19 Carmaker says the recalls will cost US$700m for Q2 Bloomberg [DETROIT] General Motors is calling back 3.36 million more vehicles, the latest order related to ignition flaws, and said sec-ond-quarter charges for such moves would reach US$700 million. The United States’ biggest carmaker
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      36 18 finally got that promotion! And now to reward myself with a new car! To find that dream car, checkout Class 302 to 358 in Print Classified. Call Print Classified at Hotline: 1800-289-9988 to place your advertisement.
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      312 18 CRYPTIC CROSSWORD Across 1 Devious boy (no model) gets investment to make a killing (5,5) 6 Cheerful after company’s success (4) 9 Sat on work being challenged (7) 10 Examine honour (in replacing soldiers) (7) 12 In case of problems, popular monarchs try these for cutting material (7,6) 14 Supplied
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      54 19 STJOBS May June 2014 SPOTLIGHT Our bi-monthly online jobs supplement JVfedict edition illll is now out! Q> Di Sf/f s l Sital Communications M bile M ver tising AO Vo v >» v-i' c o\ .JT 0' V ,v> V is the media indust all glitz and glam? > y
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  • EDITORIAL & OPINION
    • Article
      Lock icon Skills mismatch a hurdle to productivity
      475 20 EDITORIAL IF employers needed any proof that the manpower shortage in Singapore is becoming more acute, last Friday’s labour market report provided some. Job vacancies rose to an eight-year high in the first quarter, continuing to outnumber job seekers. The 60,500 vacancies in March
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      Lock icon Judge Obama by his feats, not what the media says
      840 20  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT SEVERAL times in recent weeks I’ve found myself in conversations with liberals
      NYT  -  840 words
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      Lock icon A bazillionaire’s guide to stress relief
      1563 20  -  It’s not easy being a highly paid trader at the top of the financial world By MICHAEL LEWIS Bloom berg I ’D LIKE to start by making a confession: It’s never been easy being me. Managing billions of dollars of other people’s money, and
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      Lock icon The infrastructure solution
      999 21  -  Policymakers should ensure infrastructure realises its full potential so that those who depend on it can realise theirs By MARTIN NEIL BAILY ROBERT PALTER Martin Neil Baily is Senior Fellow at the Brookings Institution and former chairman of president Bill Clinton’s Council of Economic Advisers. Robert Palter,
      Project Syndicate; PHOTO: REUTERS  -  999 words
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      Lock icon Equities holdings at central banks becoming a worry
      659 21  -  By DAVID MARSH The writer is managing director and founder of the Official Monetary and Financial Institutions Forum CENTRAL banks have leapt to the forefront of public policy-making. They have taken responsibility for lowering interest rates (and keeping them low), maintaining stability
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      Lock icon India banks need US$45b boost
      798 21  -  REUTERS BREAKINGVIEWS By QUENTIN PETER THAL LARSEN QUENTIN WEBB INDIA’S state-owned banks need a government bailout. The country’s wobbly public sector lenders require around US$45 billion to put their balance sheets on a firmer footing, according to a Breakingviews calculator. That’s a bill the new
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  • Article
    Lock icon SHIPPING TIMES
    2175 22 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 22 Advertisements
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      39 22 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
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      132 23 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 Can they find your
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4102 24 Transaction date: Jun 17 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 13.3 10.4 8Telecom Last Sale Vol Day Last Quote --AAT Div Gr Yld C'vr Net 163.3 102.4 AIMSAMP Cap Reit
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      Lock icon SGX CATALIST
      349 25 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 23 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer
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    • Article
      Lock icon UNIT TRUST & FUNDS
      10252 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** uncTCI A! Aberdeen Asset Mgt Asia Limited 1.58/ EM Local Ccy Bond Aberdeen Asset Mat Asia Limited Global Emerging Markets!** Asian Local Ccy SD Bond 0.9859/ 2.0358/ China Opportunities! China Opportunities USD!** 2 8955/ EM
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      Lock icon GLOBALQUOTE
      236 25 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 Low Company 343 191 TanChongInt HK331 -3 132 333 331 331 334 9.7 3.2 3.2 6666 DISCLAIMER: All information is published “as is” without warranty of any
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    • Article
      Lock icon SGX ETF
      1130 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 115 14 115.8 115 114 115.2 525 135.5 119 CIMB APAC Div 100S$D 130.7 -0.6 130.7 130.7 129.5 132.1 108.9
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      658 26 Jun 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.99 *****.96 *****.54 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****8 Dec14 *****.00 5 ***** MSCI TAIWAN INDEX FUTURES SPOT 329.30 330.88 328.24 Jun14 328.10 330.60 327.40 330.60 ***** *****9 Jul14 322.90 325.30 322.40 325.50
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Jun 16 Index Change Change Change Change Change Change World Preliminary 1225.6 -0.3 3.5 -0.1 2.8 -0.2 3.8 EAFE Preliminary 971.1 -0.4 1.6 -0.2 1.5 -0.2 2.5 Europe Preliminary 1406.9 -0.4 3.8
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Jun 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.015 5.823 0.690 7.249 56.347 111.171 0.954 9.556 3.013 1.079 92.070 41.016 1.170 10.051 0.840 28.055 30.355 0.551 0.935 Canada 0.985 5.735
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    • Article
      Lock icon SIBOR
      39 26 Jun 17 (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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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 26 Jun 17 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-16 101.21 101.24 101.24 5-Year NX*****W 2.5 01-Jun-19 105.71 105.75 105.75 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon PRECIOUS METALS
      120 26 Jun 17 GOLD(US$/oz) Jun 17 Jun 16 Hong Kong 1270.00 1285.00 Jun 16 Jun 13 London 1275.10 1273.60 1275.90 1274.45 Source: Thomson Reuters CAST BAR Jun 17 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 77 48 5gm 306 252 10gm 570 506
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    • Article
      Lock icon PALM OIL
      57 26 Jun 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 14 2429.0 2445.0 2461.0 2423.0 1057 7096 Jul 14 2423.0 2439.0 2457.0 2417.0 8293 ***** Aug 14 2417.0 2433.0 2453.0 2413.0 ***** ***** Sep 14 2420.0 2436.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Jun 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1699 1.1707 0.9349 0.9354 Canadian dollar 1.1522 1.1528 0.9211 0.9207 Euro 1.6969 1.6973 1.3560 1.3562 NZ dollar 1.0838 1.0845 0.8661 0.8666 Sterling pound 2.1246 2.1252 1.6978 1.6981
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    • Article
      Lock icon CHICAGO BOT
      109 26 Jun 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1421.75 1425.75 1435.50 1417.50 Aug 14 1367.25 1369.50 1378.00 1362.25 Sep 14 1255.75 1260.00 1266.25 1250.75 Nov 14 1217.00 1221.25 1225.75 1213.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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    • Article
      Lock icon LIFFE
      95 26 Jun 16 COCOA (£/tonne) Close Prev High Low Jul 14 1960 1973 1972 1954 Sep 14 1936 1939 1939 1928 Dec 14 1923 1924 1924 1914 Mar 15 1915 1915 1915 1904 COFFEE(US$/tonne) Close Prev High Low Jul 14 1983 1983 2003 1965 Sep 14 1999 1998 2018 1978
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1027 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 ................17 unch 3 0.3 1 13 1.05 49 Asia-Pacific Strategic W*****6 3.5 -0.1 1755 1 2 59 Exer Albedo Limited W*****9 Prem Asiatic Grp(Hldgs) Ltd W*****5 2.4 0.0
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Jun 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.30 0.56 WTI (Near Mth) 106.76 0.08 Dubai (1-Mth F) 108.47 -0.18 Tapis blend 116.64 -0.83 Minas 112.04 -0.83 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.28 -1.16 Jet Kerosene 122.35 -0.45 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Jun 17 S$ Bid Offer 1-month 1.2514 1.2515 2-months 1.2513 1.2515 3-months 1.2513 1.2515 6-months 1.2511 1.2513 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 26 Jun-16 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1809.25 1803.75 3 months 1853.00 1845.00 Copper, Grade A(US$/tonne) Cash 6718.50 6679.50 3 months 6691.00 6655.00 Lead(US$/tonne) Cash 2078.75 2057.75 3 months 2106.00 2085.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Jun 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.201 1.144 Can dollar 1.174 1.129 Euro 1.737 1.655 Sterling pound 2.163 2.080 NZ dollar 1.109 1.067 US dollar 1.275 1.215 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 26 Jun 17 $S Offer Bid 0vernight 0.08 0.05 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.04 US$ 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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      36 27 FI'EE FACILITIES MANAGEMENT SOLUTIONS EXPO 2014 14 -16 October 2014 SINGAPORE EXPO HALLS 3 4 www.fmse.com.sg 1—F VTOWARDS BUILT 77Tt X V.*' sr To Exhibit: Tel:+65 6319 4021 Email; fmse@sph.com.sg To Visit: ss+'. Pre-register at www.fmse.com.sg
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      Lock icon Page 27 Advertisements Column 2
      88 27 Myanmar Banking Business Development Conference 2014 15- I 7 July 2014 Sule Shangri-La Hotel,Yangon, Myanmar The only strategic conference dedicated to the banking industry and business development climate in Myanmar where people, innovations, and best practices converge to define the future 5 S..i o E$ 9 :..S Sv .III 'CP
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      303 27 Now you can trade Phillip Futures products] using our mobileftradirm apps! w' -yt -j* \M' m \!S&' yt# m 0 tfP vO A \r 6 V« iPhone iPad ("0300 Built for Compatibility News Updates Comprehensive Order Types °k 0 Off commission rates when you trade using mobile apps Trade Mobile
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  • executive Money
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      Lock icon Avoiding a tax that they support
      1520 28  -  To reduce estate tax, the Clintons are using financial planning strategies befitting wealthy US households, reports RICHARD RUBIN Bloomberg [WASHINGTON] BILL and Hillary Clinton have long supported an estate tax to prevent the US from being dominated by inherited wealth. That does not mean
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      Lock icon Cat bonds: Others rush in where Buffett fears to tread
      1051 28 Bloomberg [NEW YORK] Bond buyers are betting more than ever on the mercy of Mother Nature as they seek to boost yields being suppressed by central banks. Demand for notes linked to insurance against hurricanes and other natural disasters is
      Bloomberg; PHOTO: REUTERS  -  1,051 words
    • Article
      Lock icon Derivatives reveal bond liquidity risk
      1113 27  -  Investors pour into derivatives as bond-market volume for some maturities falls a third in the past year By ANCHALEE WORRACHATE LIZ CAPO MCCORMICK Bloomberg [LONDON] THE boom in fixed-in-come derivatives trading is exposing a hidden risk in debt markets around the world: the inability of
      Bloomberg  -  1,113 words
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      Lock icon Thai stocks too expensive: fund managers
      669 27 Bloomberg [BANGKOK] Two of Thailand’s biggest money managers say the surge in stocks that sent the benchmark SET Index into a bull market on Monday has gone too far, too fast. The nation’s Social Security Office (SSO), which invests pension contributions from local workers,
      Bloomberg; PHOTO: BLOOMBERG  -  669 words