The Business Times, 21 June 2014

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Microfilm: NL33152
Total Pages: 42
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 21-22, 2014 S$1.00 MCI (P) 086/08/2013 SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon DBS goes big on the mass affluent
    612 1  -  It sees bigger growth opportunities in this segment than the ultra-high net worth group By Siow Li Sen lisen@sph.com.sg @SiowLiSenB Singapore DBS Bank is making rapid headway into that segment of banking customers who are rich, but not rich enough to own a
    PHOTO: ARTHUR LEE  -  612 words
  • Article, Illustration
    Lock icon Concern over indebtedness in Singapore, Asia
    792 1  -  But analysts highlight buffers that make a credit crisis in the region unlikely By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE surge in household debt in Singapore over the past six years measured as a ratio to gross domestic product (GDP) has outpaced that of
    Source: CEIC, HSBC  -  792 words
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  • TOP STORIES
    • Article
      Lock icon S’pore gas retailers cleared to go islandwide
      503 2  -  But on-the-ground constraints may temporarily hinder gas flows to customers By Ronnie Lim ronnie@sph.com.sg Singapore THE door is now open for natural gas retailers here such as SembGas, Keppel Gas, Senoko Gas Supply and Temasek’s GSPL and Pavilion Gas to sell gas islandwide,
      503 words
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 HSTI 3,258.80 (-10.22) HSTI FUTURES 3,259.00 (-10.00) HSIMSCI 370.35 (-1.32) HSIMSCI FUTURES 370.00 (-1.20) Friday Change KL COMP 1,885.72 +4.24 NIKKEI 225 15,349.42 -11.74 HANG SENG 23,194.06 +26.33 SET 1,467.29 +5.38 JAKARTA 4,847.70 -16.57 MANILA 6,730.96 +31.57 KOSPI 1,968.07 -23.96 SHENZHEN B 824.58 +3.05 MUMBAI IND 25,105.51 -96.29 12
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.463 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
        50 2 FOREX US$ S$ US$ (S$ per US$) 1.250 (US$/S$ per 1.705 2.131 EURO (US$/S$/€ 1.361 1.701 Foreign currency per US$ S$ YEN 101.90 81.60 RM 3.224 2.579 HK$ 7.751 6.203 BAHT 32.47 25.98 RUPIAH 11,975 9,582 RENMINBI 6.224 4.980 INDIAN RUPEE 60.18 48.15 A$ 1.063 0.851 NZ$ 1.148 0.918
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    • Article, Illustration
      Lock icon Mini makes a decidedly male turn in China
      858 3 The women-friendly brand is giving its cars masculine connotations to appeal to men Bloomberg Shanghai HOW much do women in China love BMW’s Mini? Perhaps a bit too much for Mini’s comfort. Almost 80 per cent of Mini owners in China are
      Bloomberg; PHOTO: BLOOMBERG  -  858 words
    • Article, Illustration
      Lock icon Nuts in business class
      911 4  -  On the flight, I finally satisfied my curiosity about businessclass passengers I mean, real ones, not interlopers like me SATURDAY SOAPBOX Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Correspondent LAST week, for the first time in my 29 years of life, I did not have to do the slightly
      911 words
    • Article
      Lock icon Beijing sends more oil rigs to South China Sea
      582 4 Move comes as Beijing, Hanoi trade accusations over territorial dispute AFP Beijing CHINA is sending another four oil rigs to the South China Sea, state media and authorities said yesterday, as Beijing and Hanoi trade accusations over an increasingly heated territorial
      AFP  -  582 words
    • Article, Illustration
      Lock icon CDCs urged to get private sector involved
      556 5  -  The councils need to marshal resources in the wider community, says PM Lee By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE’S Community Development Councils (CDCs) need to marshal resources in the wider community, such as from the private sector and volunteer groups, to better
      PHOTO: AZIZ HUSSIN/THE STRAITS TIMES  -  556 words
    • Article
      Lock icon PM Lee on week-long visit to Washington, New York City
      505 5  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong is on his way to the US for a week-long visit that will take him to Washington DC and then to New York City. This is his second trip
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    • Article, Illustration
      Lock icon The BT-Coca-Cola World Cup Charity Drive
      855 6 Argentina vs Iran (12mn) JUNE 22 Wolfgang Baier Group CEO, Singapore Post Limited ‘Argentina had to work hard to claim theirfirst World Cup 2014 victory. We are counting on captain Lionel Messi to display his legendary skills again to lead theAlbiceleste to a convincing
      855 words
    • Article, Illustration
      Lock icon Lethal Suárez rams two nails into the English coffin
      641 7  -  COMMENTARY Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent IN the build-up to the game, England hoped and prayed that Luis Suárez’s name wouldn’t be on Uruguay’s team sheet yesterday, but the footballing gods weren’t in the mood to grant them that wish. Suárez,
      PHOTOS: AFP  -  641 words
    • Article
      Lock icon Few can bend it like a Brazilian
      578 7 Tournament lacks goals from kicks that made Brazil famous Reuters Recife, Brazil WITH stunning goals and some amazing attacking play, the World Cup is exceeding expectations but it sorely lacks goals from the kind of bending, swerving free kick that made so many
      Reuters  -  578 words
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      Lock icon Page 2 Advertisements Column 1
      50 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 LIVING Travel L2-4 Style L5-6 Dining L7-10 Health L11 Home Garden L12-13 BT Corp Golf League L14 Motoring L15-16 Wealth 28-31 Househunt 30 Real Estate 31
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      Lock icon Page 3 Advertisements Column 1
      19 3 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
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    • Advertisement
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      174 3 THE SOUND VISION SPECIALIST The Headphone Bar Zik Parrot AKG FiiO RHA Shure KEF JAYS Audeze Audinst Earsonics Burson Westone Grade HiFiMAN Klipsch Cypher Labs Sennheiser ALO Audio WOO Audio Fischer Audio Ultimate Ears Harman Kardon Selection of over 200 models available Parrot Zikmu y Zikmu Now: $2,388 I iL
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Tough-minded optimist
      2225 8 / 9  -  Hiroshi Mikitani, founder of Rakuten Inc, Japan’s biggest e-marketplace, sets his sites on offering the world in his online shopping cart as he expands his e-retail empire. By Joyce Hooi joyceh@sph.com.sg SOMEWHERE out there is an e-retailer who probably knows if Hiroshi Mikitani is a boxers or briefs
      PHOTO: ARTHUR LEE  -  2,225 words
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  • COMPANIES
    • Article
      Lock icon Analysts see mixed impact from Iraq crisis
      949 10  -  It could become less acute with new sources such as shale gas, deepwater oil fields being added to the energy mix By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore UPSTREAM oil and gas players, as well as coal miners and palm oil producers will benefit
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    • Article
      Lock icon SIA, SMRT in separate forays into e-commerce
      368 10  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore WITH more consumers letting their fingers do the shopping, transport firms Singapore Airlines (SIA) and SMRT Corp have launched e-commerce sites for their customers. SIA yesterday announced a retail site for its KrisFlyer and PPS Club members,
      368 words
    • Article, Illustration
      Lock icon HSBC, StanChart, DBS zoom in on RMB cross-border financing
      746 11  -  They have won deals to lend to companies in Suzhou Industrial Park By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore HSBC Singapore, Standard Chartered Singapore and DBS Bank are among the first banks in Singapore to lend to companies in the Suzhou
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    • Article
      Lock icon Qualitas planning RM1b IPO in KL: sources
      238 11 Bloomberg Singapore QUALITAS Medical Group, a Malaysian healthcare provider, plans to seek about RM1 billion (S$388 million) from an initial public offering in Kuala Lumpur, according to people familiar with the matter. CIMB Group Holdings Bhd and Credit Suisse Group AG are working
      Bloomberg  -  238 words
    • Article
      Lock icon Sunningdale ropes in Sam Goi, Yarwood in $25m placement
      383 11  -  By Angela Tan angelat@sph.com.sg Singapore SUNNINGDALE Tech said that its chairman, Koh Boon Hwee, has roped in two new investors Yarwood Engineering Trading Ltd and Singapore “Popiah King” Sam Goi to raise almost $25 million in gross proceeds for the company.
      383 words
    • Article, Illustration
      Lock icon As blue chips flounder, 2nd and 3rd liners take over
      644 12  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent BLUE chips floundered this week with the Straits Times Index dropping 35 points or 1.1 per cent over the week to 3,258.8, but there was sufficient action in the second and third line
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    • Article
      Lock icon No further talks on potential takeover, says RH Petrogas
      232 12  -  By Carine Lee carinel@sph.com.sg @CarineLeeBT Singapore RH PETROGAS, which a month ago disclosed that an investor had approached its controlling shareholders for a potential takeover of the company, said yesterday that there have been no further discussions or progress on the
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    • Article
      Lock icon TOP 20 ACTIVES
      222 12 VOL CLOSE Mirach Energy 1 80 816 25 1 .0 3 8 LionGold 1 22 ,382 9 0 7 7 .2 KLW Hldgs 1 02 ,1 33 2 .5 0 .2 8 .7 Armarda 96 ,1 79 0 .6 0 .0 0 .0 B l umont 58
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    • Article
      Lock icon STI STOCKS
      118 12 Stock name Close Change Ascendas Reit 2.280 -0.020 CapitaLand 3.220 -0.010 CapitaMall Trust 1.960 CityDev 10.350 +0.040 ComfortDelGro 2.420 -0.020 DBS Grp 16.910 -0.170 Genting Sing 1.330 Global Logistic 2.680 +0.010 Golden Agri-Res 0.565 -0.005 HPH Trust USD 0.720 HongkongLand USD 6.600 -0.070 JMH 400 USD 61.000 -0.030
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    • Article
      Lock icon Markit shares jump in market debut
      370 12 Reuters Bangkok SHARES of Markit Ltd rose as much as 12.5 per cent in their market debut, valuing the financial data provider at US$4.83 billion. Highlighting strong demand for the shares, the size of the offering was increased by 17 per cent to 53.5
      Reuters  -  370 words
    • Article
      Lock icon TOP GAINERS
      66 12 TOP GAINERS BY CENTS CLOSE UP GLD 10US$ ***** 329.8 2.1 DBXT USDIGInfl 5US$ ***** 134.9 0.4 DBXT E50 10US$ 5630 56.2 0.8 DBXT MSJAP 10US$ 4779 41.2 0.7 Lyxor ThaiSET 10US$ ***** 41.2 0.3 DBXT DBLCI-OY 5US$ 3525 33.7 0.8 DBXT MSTHAI 10US$ 2004 28.7 1.2 DBXT
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    • Article
      Lock icon TOP LOSERS
      66 12 BY CENTS CLOSEDOWN DBXT Nifty 10US$ ***** -123.7 -0.8 DBXT MSKorea 10US$ 6333 -119.9 -1.5 SPDRS S&P 500 10US$ ***** -87.5 -0.4 DBXT EONIA 5US$ ***** -47.5 -0.2 DBXT FTVietnam 10US$ 2705 -45.0 -1.3 Lyxor AsiaIT 10US$ 3787 -41.2 -0.9 DBXT FTChina25 10US$ 2968 -40.0 -1.1 DBXT SPASX200
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    • Article
      Lock icon Dilemma of penny-stock firms continues
      443 13  -  LionGold given extension to hold AGM due to incomplete audit; Ipco Int’l latest to issue profit warning By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore LIONGOLD Corp has been granted a three-month extension by Singapore Exchange until the end of October to hold its annual general meeting
      443 words
    • Article
      Lock icon Tata-SIA JV likely to start flights by September
      238 13  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Tata-Singapore Airlines (SIA) joint venture is expected to receive air operators’ permit (AOP) next month and take to the skies by September, according to media reports out of India. “We expect to get the AOP
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    • Article
      Lock icon HLH Group’s associate company buys plot in Cambodia
      299 13  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore AN ASSOCIATE company of agriculture and property company HLH Group has acquired a piece of land in Cambodia, with plans for office tower and luxury condominium developments and food and beverage (F&B) and retail buildings on
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    • Business briefing
      • Article
        Lock icon SMJ International Holdings launches Catalist IPO
        77 13 HOME-GROWN carpet specialist SMJ International Holdings yesterday launched its Catalist IPO, offering 20.24 million placement shares comprising 14 million new shares and 6.24 million vendor shares at 28 cents apiece. It expects to raise net proceeds of approximately $2.4 million. The placement is expected
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      • Article
        Lock icon Wilmar goes into JV with Ethiopian company
        61 13 ETHIOPIA’S Repi Soap Detergent and Wilmar International have signed a 50:50 joint-investment agreement in Ethiopia for the upgrading of an existing manufacturing facility in Kolfe Karenio Sub City and the building of an integrated manufacturing complex in the Oromia region. Among other things,
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      • Article
        Lock icon Innopac proposes rights issue, warrants
        95 13 INNOPAC Holdings is proposing a renounceable non-under-written rights issue of up to about 6.93 billion new shares at an issue price of one cent apiece; and up to about 3.47 billion free detachable warrants. Assuming full subscription of the rights shares, the estimated net proceeds
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    • Article
      Lock icon ISDN to gain from Indonesia’s power tariff hike
      262 13  -  B)’ Sheena Tan tsheena@sph.com.sg Singapore ISDN Holdings’ hydropower business is expected to benefit from an increase in electricity tariff rates paid by the Indonesian government to mini-hydropower developers. The engineering-solutions provider said yesterday that its return on investment (ROI) will come earlier
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  • SINGAPORE
    • Article
      Lock icon Ergo buys S’pore insurer SHC for $112m
      372 14 Insurance arm of Munich Re plans to enter two more markets in the region in two years ERGO Insurance Group, the primary insurance arm of reinsurer giant Munich Re, has acquired Singapore-based property-casu-alty insurer, SHC Insurance Pte Ltd, for $112 million. Ergo yesterday
      372 words
    • Article, Illustration
      Lock icon OCBC customers go on trade mission to Myanmar
      163 14 A GROUP of OCBC Bank customers went on a three-day trade mission to explore business opportunities in Mandalay, Myanmar, from June 10 to June 12. The 29-member delegation, which was led by Linus Goh, head of global commercial banking at OCBC Bank,
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    • Article
      Lock icon Republic Poly, YCH sign MOU to develop talent
      250 14  -  By Lester Wong lesterw@sph.com.sg REPUBLIC Polytechnic (RP) and the YCH Group have signed a three-year Memorandum of Understanding (MOU) for a new programme aimed at developing talent for the logistics industry. Up to 20 third-year students each year from RP’s School of
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    • Article
      Lock icon Planning retirement? Factor in the other half
      496 15  -  Couples should either delay retirement or add 6-9 years into financial planning to avoid outliving funds: Manulife By Angela Tan angelat@sph.com.sg MARRIED couples here will be significantly underestimating the length of time spent in retirement if they base their calculations on a single
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    • Article, Illustration
      Lock icon Singapore to ensure its economy remains competitive: DPM Teo
      574 15  -  By Raphael Lim raphlim@sph.com.sg SINGAPORE will continue to move towards higher value-added activities and innovation to ensure that the economy remains competitive so that good jobs are created for Singaporeans, said Deputy Prime Minister Teo Chee Hean yesterday. “As a maturing
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      Lock icon Page 15 Advertisements Column 1
      43 15 HOT PROPERTY Rena' N^rest^R|^ $U3M neg 1 to MRT/ Mal <■ «3 /'v/ng, dining mn walk MRT. $i.08m neg. APARTMENT FOR SALE Check this and many other properties in The Straits Times Classified now! THE STRAITS TIMES CLASSIFIED BUY IT SELL IT FIND IT
      43 words
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  • WORLD
    • Article
      Lock icon Revamped Canberra airport courts foreign airlines to boost traffic
      411 16  -  Carriers to be offered incentives linked to operating fees as well as marketing efforts By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CANBERRA is seeking to beef up international traffic to its newly revamped airport by encouraging carriers such as Singapore Airlines (SIA)
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    • Article
      Lock icon China property trust defaults seen rising, given record repayments due next year
      452 16 Bloomberg Shanghai CHINESE property trusts face record repayments next year as the real-estate market cools, fuelling speculation among bond funds that more developers will collapse. The trusts, which channel money from wealthy individuals to smaller builders that have
      Bloomberg  -  452 words
    • Article
      Lock icon Etihad denies news report of plan to buy MAS stake
      380 16  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur SHARES of Malaysia Airlines have continued dipping amid a statement from Etihad Airways that it has no intention of buying into the troubled carrier. Separately, Prime Minister Najib Razak said that the possibility of
      380 words
    • Article
      Lock icon Bakries seeking to avoid a third default on debt
      779 17 Indonesia accounts for majority of dollar bond delinquencies in region Bloomberg Jakarta INDONESIA’S Bakrie family is seeking to avoid a third default on its companies’ debt in 16 months as the nation accounts for 74 per cent of dollar bond delinquencies
      Bloomberg  -  779 words
    • Article, Illustration
      Lock icon Indonesia cuts mining export tax in draft law
      324 17 Reuters Jakarta INDONESIA has drafted a new mining export tax that would more than halve the base rate to be paid by miners, a ministry official said, as the government tries to resolve a five-month-old dispute that has halted copper concentrate exports.
      Reuters; PHOTO: AFP  -  324 words
    • Article
      Lock icon Alstom battle hots up as rivals sweeten offers
      353 17 AFP Paris THE battle for French group Alstom hotted up yesterday, as Sie-mens-Mitsubishi and General Electric sweetened their rival bids to win over the government and tie up with the firm’s main power-generation division. French President Francois Hollande was due to meet
      AFP  -  353 words
    • Article
      Lock icon Gulf countries’ growth draws global funds
      859 18 MSCI’s upgrade of UAE, Qatar to emerging market status also renews interest in region Reuters Dubai INTERNATIONAL asset management firms are showing renewed interest in setting up in the Gulf, drawn by markets performing better than those in more volatile emerging economies. Despite high
      Reuters  -  859 words
    • Article
      Lock icon Anthrax risk hangs over 75 scientists in Atlanta
      460 18 Exposure discovered when live bacteria was found during disposal Bloomberg New York ABOUT 75 scientists may have been exposed to live anthrax bacteria in US government laboratories in Atlanta and are being treated to prevent the infection, the Centers for Disease Control
      Bloomberg  -  460 words
    • Article, Illustration
      Lock icon Ex-NSA chief warns of cyber threats to banks
      880 19 He has pitched his services for US$1 m a month to Wall St’s largest lobby group Bloomberg New York AS the four-star general in charge of US digital defences, Keith Alexander warned repeatedly that the financial industry was among the likely targets
      Bloomberg; PHOTO: BLOOMBERG  -  880 words
    • Article
      Lock icon Tycoon Chen Guangbiao invites homeless Americans to lunch
      455 19 He will start with lunch for 250 in NYC’s Central Park Reuters New York A CHINESE recycling tycoon who has been angling to buy the New York Times Co aims to throw feasts for 1,000 homeless Americans, starting with a lunch for
      Reuters  -  455 words
    • Article
      Lock icon China auditor finds irregularities at 11 SOEs
      583 20 These range from misrepresentation of assets to illegal property development Reuters Beijing CHINA’S National Audit Office has found irregularities at 11 state-owned conglomerates ranging from misrepresentation of assets to illegal property development, highlighting the challenges the government faces in overhauling the public sector.
      Reuters  -  583 words
    • Briefing
      • Article
        Lock icon French air traffic controllers to strike from Monday
        108 20 AFP Paris France is set to face more travel chaos next week after air traffic controllers announced a strike amid an ongoing rail protest that is the biggest industrial action in years. The two biggest air controllers’ unions, SNCTA and Unsa-IC-NA, said
        AFP  -  108 words
      • Article
        Lock icon EU closes tax loophole for multinational firms
        105 20 Reu ters Luxembourg The European Union (EU) on Friday moved to close a loophole that has allowed multinational companies to reduce their tax bills by exploiting differences in national tax rules, ending months of negotiations and potentially boosting EU states’ tax revenues. Corporate
        Reuters  -  105 words
      • Article
        Lock icon Canada to limit number of temporary foreigner workers
        105 20 Reuters Toronto The Canadian government plans to cap the number of low-wage temporary foreign workers that employers can bring to Canada as part of sweeping policy reforms, according to reports in Canadian media outlets. The government will limit the number of foreign
        Reuters  -  105 words
      • Article
        Lock icon Delhi ratchets up rail fares in first dose of ‘bitter medicine’
        109 20 Reu ters New Delhi India’s new government yesterday pushed through a steep hike in rail passenger and freight fares, in the first dose of a “bitter medicine” Prime Minister Narendra Modi has warned of having to administer to revive
        Reuters  -  109 words
      • Article
        Lock icon Tokyo raises its view on private consumption
        112 20 Reuters Tokyo Japan’s government raised its view on private consumption yesterday, saying some signs of a pick-up are being seen, signalling confidence about domestic demand despite the pain from a national sales tax hike in April. It was the first time in five
        Reuters  -  112 words
      • Article
        Lock icon Twitter buys SnappyTV, terms not disclosed
        106 20 AFP New York Twitter said it has bought SnappyTV, a California firm that lets people edit and share clips from TV broadcasts. Terms of the deal were not disclosed. SnappyTV, launched in 2010, has been collaborating with Twitter to “inject the best video content
        AFP  -  106 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8176 21 Transaction date: Jun 20 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.3 10.4 8Telecom 12.5 +0.7 11 12.5 11 11 12.5 6.3 1 16.2 59.9 20 5.1 A-Sonic Aero 8.3 unch 184
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    • Article
      Lock icon SGX CATALIST
      1990 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 $mil 32 23 t 3Cnergy 500 29.5 29.5 29.1 28.5 19 t 800 Super 24.5 24 25.5 3.2 4.1 7.6 43.8 4.5 2.8 t AA 3.4
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 3 0 0 0 7 5 3 Manufacturing 37 50 47 6 10 8 43 60 55 Commerce 21 23 16 3 7 3 24 30 19 Tpt/Stor/Comms 12 18 11
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      807 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 16 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) China Jishan 19-Jun-14 Jin Guan Liang *Buy 124 0.09 *****0 72.23 *****4 72.27 China Jishan 18-Jun-14 Jin
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      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,911 23,911 67,103 67,103 Manufacturing 465,164 166,152 631,316 159,862 25,147 185,010 Commerce 58,830 62,237 121,067 75,192 5,890 81,082 Tpt/Stor/Comms 94,847 1,392 96,239 166,706 184 166,890 Finance 35,368 1,471 36,839 162,935 441 163,375 Construction 45,424 41,062
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Jun 19 COCOA (£/tonne) Close Prev High Low Jul 14 1964 1974 1972 1957 Sep 14 1933 1948 1947 1927 Dec 14 1920 1934 1932 1914 Mar 15 1909 1923 1921 1904 COFFEE(US$/tonne) Close Prev High Low Jul 14 1959 1974 1990 1956 Sep 14 1966 1982 1995 1960
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      Lock icon METALS
      69 25 Jun 20 GOLD(US$/oz) Jun 20 Jun 19 Hong Kong 1312.00 1285.00 Jun 19 Jun 18 London 1299.10 1270.36 1299.55 1271.11 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 26.13 25.35 Source: UOB PLATINUM Lon (US$/oz) Jun 19 Close Previous PM Fix 1459.00 1451.00 AM Fix 1455.00 1447.00 Source:
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      Lock icon PALM OIL
      57 25 Jun 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2485.0 2460.0 2487.0 2451.0 375 5545 Aug 14 2472.0 2451.0 2480.0 2444.0 5343 ***** Sep 14 2465.0 2442.0 2474.0 2434.0 ***** ***** Oct 14 2468.0 2439.0
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      Lock icon GOVERNMENT SECURITIES
      80 25 Jun 20 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-16 101.22 101.27 101.24 5-Year NX*****W 2.5 01-Jun-19 105.72 105.88 105.76 10-Year NX*****H 2.750 01-Jul-23
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      Lock icon INTERBANK CURRENCY RATES
      155 25 Jun 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1751 1.1760 0.9406 0.9407 Canadian dollar 1.1544 1.1558 0.9246 0.9240 Euro 1.7004 1.7016 1.3611 1.3612 NZ dollar 1.0883 1.0897 0.8711 0.8717 Sterling pound 2.1303 2.1322 1.7052 1.7056
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Jun 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.201 1.144 Can dollar 1.176 1.131 Euro 1.739 1.657 Sterling pound 2.169 2.086 NZ dollar 1.113 1.071 US dollar 1.274 1.214 Local dollars to 100 units of foreign currency: Currencies Sell
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      Lock icon CHICAGO BOT
      104 25 Jun 19 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 14 1420.75 1409.00 1423.00 1406.00 Aug 14 1369.00 1357.25 1372.00 1355.00 Sep 14 1263.00 1249.50 1264.25 1246.50 Nov 14 1227.25 1213.00 1228.25 1210.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 14 40.61 40.13 40.70 39.90
      104 words
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        20 25 YTD change: +2.88% 52-week high: 3,311.44 on June 9,2014 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
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        20 25 YTD change: -0.48% 52-week high: 24,111.55 on Dec 2,2013 52-week low: 19,426.36 on June 25,2013 Source: Bloomberg
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        21 25 YTD change: -4.22% 52-week high: 2,270.27 on Sept 12,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
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        19 25 YTD change: -5.78% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 12,702.67 on June 21,2013 Source: Bloomberg
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        26 25 YTD change: +2.08% 52-week high: 16,970.17 on June 9,2014 52-week low: 14,551.27 on June 24,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
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      68 25 Jun 19 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 115.28 1.17 WTI (Near Mth) 106.60 0.43 Dubai (1-Mth F) 110.24 0.89 Tapis blend 117.89 0.84 Minas 113.79 0.84 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.33 0.39 Jet Kerosene 124.46 1.16 US$/barrel OpecOil Basket Price 110.26
      68 words
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      Lock icon LONDON METALS
      72 25 Jun 19 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1850.00 1833.25 3 months 1889.00 1873.00 Copper, Grade A (US$/tonne) Cash 6736.50 6713.50 3 months 6725.00 6710.00 Lead (US$/tonne) Cash 2103.25 2096.75 3 months 2129.00 2124.00 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 19 Index Change Change Change Change Change Change World Preliminary 1240.1 0.3 4.7 0.3 4.0 0.5 5.1 EAFE Preliminary 982.8 0.8 2.8 1.1 2.9 1.3 4.0 Europe Preliminary 1419.0 0.5 4.7
      373 words
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      Lock icon Scarcity beyond financial poverty
      2148 26 / 27  -  A big mistake people make about scarcity is to view it as a physical phenomenon and that limits their ability to combat its effects. By Maria Konnikova By Maria Konnikova NYT The absurdity of having had to ask for an extension to write this article isn’t
      NYT; PHOTO: REUTERS  -  2,148 words
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      316 26 / 27 CRYPTIC CROSSWORD Across 8 What Lisa might do when at sea (4) 9 Jack’s novel concerning the old people down under (10) 10 Raider’s destroyed cake with tart being thrown around (8) 11 Old man needing shelter --that’s obvious (6) 12 Increase in noise as soccer gets played round goal
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Betting on art as a better investment
        1063 28 / 29  -  The Artnet C50 Index advances more than four times from 2003 to 2013, beating asset classes including gold, fine wine and stocks. By Katya Kazakina By Katya Kazakina Bloomberg THE main thing that’s driving the growth of the art market is the demand
        Bloomberg; PHOTO: AFP  -  1,063 words
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        778 28 / 29  -  Singapore office sector Credit Suisse June 18 Is it time to take profit? Office Reits have outperformed YTD on expectations of strong rent growth, but we believe this was driven more by multiple expansion than earnings upgrades. In this report, we look at the risk of demand missing
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        1002 30 PROPERTY TRANSACTIONS BETWEEN MAY 7 AND 13, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Commonwealth Twr Apt 09/05/2014 99 441 801 1815 Commonwealth Twr Apt 08/05/2014 99 441 732 1659 Commonwealth Twr Apt 12/05/2014 99 1076
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        Lock icon India’s ‘One Hyde Park’ kicks into gear
        624 31 Slum redevelopment project to feature hotel, luxury homes Bloomberg Singapore OBEROI Realty Ltd will team up with Marriott International Inc to open Mumbai’s first Ritz-Carlton hotel as part of a slum redevelopment that includes luxury homes. “This will be India’s One Hyde Park;
        Bloomberg  -  624 words
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        Lock icon Australian mall giant Westfield gets shareholder nod for strategic split
        461 31 AFP Sydney A PLAN by Australian shopping centre giant Westfield Group to split its empire was given the nod by shareholders yesterday in a tight vote that highlighted concerns about the restructure. The split was announced in December and will
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        Lock icon UK stamp-duty revenue up on rising home values
        257 31 Bloomberg London THE UK government’s decision to tax luxury properties more heavily is paying off as home values surge and more buildings change hands. Stamp duty, a real estate transaction tax, raised £879 million (S$1.9 billion) in May, 36 per cent more
        Bloomberg  -  257 words
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      160 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENIA, A PLACE OF RAW NATURE AND UNFORGIVING CLIMATE. FIRST SETTLED IN THE SIXTH CENTURY BY MONKS WHO SAW IN THIS AUSTERE ENVI RONMENT A RARE SERENITY AND SPIRITUALITY; MORE RECENTLY, SINCE 1875, THE HOME OF
      160 words
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      70 1 THE BUSINESS TIMES WEEKEND JUNE 21 22 2014 BT Living STYLE Turning heads with hats L5-6 AFRICA ADVENTURE Zimbabwe, Uganda and Ethiopia are the new tour hotspots in a renaissance in safaris L2-4 DINING New Age kopitiam in Bukit Merah L10 PHOTO: QUOTIENT TRAVEL PLANNER HEALTH Botox breaks taboos L11
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  • BT Living
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        Lock icon SPLENDOUR IN THE GRASS
        1289 2 / 3  -  A tourism renaissance in safaris to the African continent is topping the list of must-see places to visit, which also include the Americas and Europe. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT MOVE over, South America. The next big travel destination could
        PHOTOS: WILDERNESS SAFARIS, ASIA TO AFRICA SAFARIS, URBANE NOMADS  -  1,289 words
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        1169 2 / 3 WHAT to do? Where to go? Where to stay? Here are some ideas. Helicopter flight in Ethiopia THE African country may not be the first place that comes to mind but it looks set to be the place for high net worth travellers looking
        PHOTOS: URBANE NOMADS, DYNASTY TRAVEL, UNIWORLD, AIRBNB  -  1,169 words
    • STYLE
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        Lock icon TURNING HEADS
        1059 5  -  London’s Royal Ascot trots out the most fashionable blooms, berets and wide brims but closer to home, local milliners show styles with a distinct Asian accent that go beyond equestrian pursuits. By May Yip By May Yip BLAME it yet again on Kate Middle ton, the relatable trendsetter
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        Lock icon Indie brands go for second helpings
        2966 7  -  Size, apparently, does matter. Debbie Yong looks at how popular indie F&B brands are parlaying their compact operations into second ventures Debbie Yong debyong@sph.com.sg @DebbieYongBT THE tale of David trumping Goliath isn’t new, but it seems to have uncanny resonance in the restaurant industry
        PHOTOS: FILE, A BETTER DEFINITION; PHOTOS: THE LOKAL; PHOTOS: SAHA; PHOTOS: GASTROSMITHS; FILE PHOTO  -  2,966 words
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        862 10  -  Chequered tablecloths, craft beers, ramen burgers and affordable French food dished out by a young modernist chef. Debbie Yong looks at a coffeeshop in Bukit Merah that’s defying convention Debbie Yong IMMANUEL Tee never saw himself working in a coffeeshop. To most young chefs in Singapore, the 27-year-old
        PHOTO: DEBBIE YONG  -  862 words
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        Lock icon One stop for foodie treats
        647 10 Immanuel French Kitchen Blk 119 Bukit Merah Lane 1 Z9297-3285 Hours: 11am-10pm (Tue-Sun) AT this humble 4 metre by 5 metre stall, Immanuel Tee and Nate Yip turn out classic French bistro fare such as chicken liver pate, Burgundy escargot and beef bourguignon all for
        PHOTO: MIAN  -  647 words
    • HEALTH
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        Lock icon Toxin for that better look
        1029 11  -  Despite the popularity of Botox today, there are still misconceptions about it. By Cheah Ui-Hoon uihoon@sph.com.sg LET’S face it. We all know of someone who’s better-looking than we are and whom we suspect “got the job” or the promotion because of their looks. Countless surveys
        FILE PHOTO  -  1,029 words
    • HOME & GARDEN
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        Lock icon In-house touch
        1144 12 / 13  -  Interior designer Elizabeth Acland opts for a varied look for her very first family home a two-storey conservation shophouse in Emerald Hill. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT AS an interior designer, Elizabeth Acland shapes the way her clients live. “They come
        PHOTOS: YEN MENG JIIN  -  1,144 words
    • BT CORPORATE GOLF LEAGUE 2014
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        Lock icon Plenty of old and new faces
        810 14  -  Some of the sponsors and partners of the latest edition of the corporate event talk about their involvement. By Justine Moss By Justine Moss WHEN the fifth edition of The Business Times Corporate Golf League swings into action next month, not only will it
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    • MOTORING
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        687 15  -  The turbocharged BMW M4 Coupe comes with a higher fun factor. By Samuel Ee samuelee@sph.com.sg ONE look at the BMW M4 and it could be mistaken for a dressed-up 4 Series Coupe. But examine this latest evolution of the M3 Coupe more closely and you will notice it
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        Lock icon CROSSOVER STAR
        616 16  -  STARThe GLA250 is a different type of Mercedes-Benz with refreshing styling and an engaging drive. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FOR something that is supposed to be in the compact SUV segment, the Mercedes-Benz GLA-Class doesn’t really look much like a sport-utility vehicle. For one thing,
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      880 6 wine& dine with BTWeekend Ramadan at AquaMarine AquaMarine Marina Mandarin Singapore, Level 4 6 Raffles Boulevard There is more to look forward to this Ramadan as you whet your appetite with thoughtfully prepared sweet dates at the start of the meal. Head over to the buffet counters and treat yourselves
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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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