The Business Times, 23 June 2014

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33152
Total Pages: 29
1 30 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, June 23, 2014
    25 words
  • Article, Illustration
    Lock icon S’pore to take a hit if Iraq crisis worsens
    794 1  -  Inflation, growth outlook in the country will be affected if situation does not improve By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Singapore’s inflation and growth outlook will take a hit if the crisis in Iraq which has shown no signs of abating
    Source: OCBC Bank  -  794 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      57 1 Weekly Change ST INDEX 3,258.80 -34.45 KL COMP 1,885.72 +8.98 NIKKEI 225 15,349.42 +251.58 HANG SENG 23,194.06 -125.11 SET INDEX 1,467.29 +11.27 JAKARTA COMP 4,847.70 -78.96 MANILA COMP 6,730.96 -53.99 SEOUL COMP 1,968.07 -22.78 SHENZHEN B 824.58 -0.36 MUMBAI IND 25,105.51 -122.66 DOW 16,947.08 +171.34 NASDAQ 4,368.04 +57.39 S&P
      57 words
    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 5.35 MALAYSIA 6.55 TAIWAN 5.00 JAPAN 15.453 TAIWAN 5.036 JAPAN 1.475 KOREA INDIA BRITAIN Source: Bloomberg
      19 words
    • Article
      Lock icon FOREX
      49 1 US$ S$ US$ (S$ per US$) 1.250 (US$/S$ per 1.705 2.131 EURO (US$/S$/E) 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
      49 words
  • Article, Illustration
    Lock icon Equity barely raises a whimper in first half
    696 1  -  H2 could see pick-up with possible listing of several trusts By KENNETH LIM kenlim@sph.com.sg @KennethLimBT [SINGAPORE] Singapore’s capital markets have been rather inequitable to equity investment bankers in the first half of 2014. While their debt colleagues have been overwhelmed with deals,
    Source: Thomson Reuters  -  696 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      119 1 TOPLINE QT Vascular: profitability can wait, let’s boost sales first PAGE 5 BOARDROOM MATTERS Should non-exec directors be shareholders? PAGE 6 VIEWS FROM THE TOP How competitive is S’pore as a financial centre? DINING OUT Hearty helpings of Americana PAGES 12-13 PAGE 23 BT WEBSITES For breaking news, go to
      119 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      506 2 S’pore to take a hit if Iraq crisis worsens SINGAPORE’S inflation and growth outlook will take a hit if the crisis in Iraq escalates further. If the violence spills over into the country’s key oil-producing southern area, analysts warn that a sharp jump in oil prices would mean
      506 words
    • Article, Illustration
      Lock icon WongP sets up Myanmar unit, builds Asean presence
      766 2  -  It is ‘connecting the dots’ in 60m-strong market between its India, China practices GOING REGIONAL By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] With Asean set to be an engine of growth and an investment destination of choice in the near future for local
      766 words
    • Article, Illustration
      Lock icon JLL eyes more residential business in region
      683 2  -  It just opened a new office in Malaysia through acquisition By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT parent and mature markets such as London. “In 2013, we started selling Tokyo properties. I think 2014 onwards, we will see more products from America, from New York
      683 words
    • Article, Illustration
      Lock icon Sacrificing sleep for the sheer thrill
      634 4  -  And the best is yet to come in this already exciting World Cup COMMENTARY LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT Correspondent WHEREVER I’ve gone these last 10 days, many people have asked me the same question: “Just how do you do it?” “It” being staying up
      634 words
    • Article
      Lock icon Lack of animal spirits this time
      441 4 Animal psychics still to find their feet, fins and feathers Reuters [CURITIBA, Brazil] Paul the Octopus, you are sadly missed. The goals have been rattling in all week at a sensational World Cup in Brazil but the animal kingdom seems to be still finding
      Reuters  -  441 words
    • Article, Illustration
      Lock icon Collectors get shirty over sweaty World Cup souvenirs
      598 4 Reuters [SAO PAULO] It may seem like a strange gift to give someone, but a sweaty shirt exchanged with an opponent at the end of a World Cup game has become both a mark of sporting respect and a valuable collector’s item.
      Reuters; PHOTO: REUTERS  -  598 words
    • Article, Illustration
      Lock icon The BT-Coca-Cola World Cup Charity Drive
      477 4 JUNE 24 Netherlands vs Chile (12mn) Bert Wong CEO, Fuji Xerox Singapore A draw will enable The Netherlands to top the group with a better goal difference as the Dutch and the Chileans have both already qualified for the next round. Tactically, the Dutch
      477 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      510 2 PwC's Academy 2014 FRS Update Stay ahead of the accounting changes and gain insights of the latest reporting developments Revenue recognition: The new standardOne model, multiple changes to your business Tips to improve your reporting: Learn the common pitfalls from observations made by the Financial Statements Review Committee (FSRC) 2014
      510 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      104 2 ASTANA ALMATY •w Seoul Beijing i\ Bangkok Kuala Lumpur* Hong Kong Ho Chi Minh Beijing Almaty ■4 1 5 times a week Beijing Astana 2 times a week Seoul Almaty jjk 3 times a week Kuala Lumpur Almaty 3 times a week Bangkok Almaty 7 times a week Hong Kong
      104 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      90 3 Asset Management Wealth Management Asset Services All happy families are alike. Each wealthy family is wealthy in its own way. ft > 1 m S ,55 7 '.M*' 'M'iwm ,.D *$jP fry Etf I f k*i l i-i v+ ii mw~ mm i«. ma aSx* SWBM«KSi»s ms&zcm mm ?*giMwBWW f
      90 words
Page thumbnail Page 4
Page thumbnail Page 5
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Profitability can wait, let’s boost sales first
      1004 5  -  QT Vascular CEO urges patience as he picks up more patients. TOPLINE BY KENNETH LIM kenlim@sph.com.sg @KennethLimBT CANprofitabilityever be bad for a company? Yes, if it comes at the expense of long-term sustainability, according to Eitan Konstantino, chief executive of loss-making QT Vascular.
      FILE PHOTO  -  1,004 words
    • Article
      Lock icon COMPANY MEETINGS
      435 6 COMPANY MEETING PLACE DATE TIME Advance SCT Ltd E 65 Tech Park Crescent 23-Jun 10.00am Cheung Woh Tech A 23 Tuas South Street 1 23-Jun 11.30am Duty Free Intl A 6 Battery Road #10-01 24-Jun 11.00am Jackspeed Corp A 47 Loyang Drive 24-Jun 10.00am PNE Inde E Orchid
      435 words
    • Article, Illustration
      Lock icon Should non-executive directors own shares?
      854 6  -  Question has popped up at AGMs and the answer is not a straightforward one. ByANNABELLE ANNABELLE YIP The writer is a member of the Publications Committee of the Singapore Institute of Directors. SHOULD a non-executive director (NED) of a listed company hold shares in that
      PHOTO: FREEIMAGES  -  854 words
    • Article
      Lock icon Buying rebounds; selling plunges
      1614 9  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying rebounded while the selling among directors plunged, based on filings on Singapore Exchange in the third week of June. Buyers outweighed sellers with 16 companies that recorded 30 purchases worth $5.6
      1,614 words
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      486 5 STEM CELL MEDICAL TOURISM OUTSTANDING OPPORTUNITY IN STEM CELL THERAPY US Branded We are looking for a sophisticated investor who can recognize a billion dollar opportunity when they see one. This is a JV opportunity or funding. We have the jjj world's best practice therapy, and a world renowned doctor.
      486 words
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      168 6 Paint the town red, or just your room Find painters to do the job or promote your services in CLASS 112 To advertise, call the Print Classified Hotline: 1800-289 9988 Szechuan Court Sizzles with New Menu Discover the rich and intricate art of Chinese cooking with Master Chef Mok Wan
      168 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      125 7 HITACHI Inspire the Next "IF WE COULD DRINK THE OCEAN WOULDN'T WE HAVE ENOUGH WATER?" At Hitachi, we're inspired by challenging questions. That's why we've taken a different approach to help cities face the growing pressure on their water supply. We're committed to finding integrated solutions that optimise the water
      125 words
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Look to corporate news to drive prices
      686 8  -  STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THREE weeks ago, this column discussed the strong likelihood that momentum and interest in local stocks would have to come from corporate news rather than from liquidity inflows from foreign investors (“Corporate news to underpin search
      686 words
    • Article, Illustration
      Lock icon The futurisation of the foreign exchange markets
      476 8  -  CURRENCIES MALCOLM BAKER The writer is senior director, interest rate and FX products, CME Group ACCORDING to the Bank for International Settlements (BIS) 2013 Triennial Report, global foreign exchange markets are trading around US$5.3 trillion a day in notional value in spot, forwards,
      476 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1574 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 3 9.95 14.48 1.58 1.44 Amtek Engineering Ltd 3.00 3.00 2 0.05 10.32 0.56 0.64 ARA Asset Mgt Ltd 2.50
      1,574 words
    • Article
      Lock icon Iraq violence, weaker dollar lift raw materials
      449 8 COMMODITIES AFP [LONDON] Crude oil and metals prices rallied last week on escalating violence in Iraq, a weaker US dollar and on Chinese growth prospects, traders said. Oil: Brent hit nine-month peaks as dealers tracked the unfolding sectarian conflict in crude-exporting Iraq. Itreached
      AFP  -  449 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 WEEKLY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 8 Jun 20 VALUE CLOSE BT OB/OS -196.00-113.00 BT CADI -*****.00 -58.00 BT 10-day MA -*****.00 -19.00 FTSE ST Mid Cap 775.08 +1.33 FTSE ST Small Cap 559.59 +0.31 FTSE ST All Share 796.51 -1.66 FTSE ST China Top 199.39 -0.48 FTSE ST China 225.53 -0.42 FTSE ST
      76 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 8 VOLUME Mirach Energy 519,269,000 Blumont 344,791,000 KLW Hldgs 276,392,000 W Corp 261,409,000 Vallianz 245,767,000 KLW R 216,461,000 APAC Strategic 212,998,000 LionGold 196,493,000 JES Intl 167,272,000 SIIC Environment 160,606,000 VALUE($) SingTel 259,391,902 DBS Grp 229,895,699 Noble 165,437,510 Keppel Corp 163,860,616 Global Logistic 154,215,017 UOB 151,341,579 OCBC Bank 150,384,787
      60 words
    • Article
      Lock icon RISES
      119 8 BY CENTS CLOSE UP GLD 10US$ ***** 413.5 2.7 IS S&P500 ***** 228.6 1.0 SPDRS S&P 500 10US$ ***** 223.6 0.9 DBXT iBoxxSvEu 5US$ ***** 198.6 0.6 DBXT MSJAP 10US$ 4779 171.2 3.0 DBXT AUD Bonds 5AU$ ***** 162.2 0.7 SPDR DJIA 10US$ ***** 153.7 0.7 DBXT USDIGInfl 5US$
      119 words
    • Article
      Lock icon FALLS
      129 8 BY CENTS CLOSE DOWN Lyxor Indonesia10US$ 8611 -316.1 -2.9 Jardine C&C 4370 -150.0 -3.3 DBXT MSKorea 10US$ 6333 -141.2 -1.8 DBXT Nifty 10US$ ***** -132.4 -0.8 Lyxor AsiaCS 10US$ 5939 -76.2 -1.0 DBXT FTVietnam 10US$ 2705 -65.0 -1.9 DBXT iBoxxKR 5US$ ***** -51.2 -0.3 DBXT MSINDO 10us$ 1370 -48.7
      129 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 WEEKLY
      5 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      111 8 Trade CME Group Products With Phillip Futures CME Group Brought to you by Phillip Futures Re Ltd (A member of PhillipCapital) -•i An Asian Financial House with a Global Reach www.phillipfutures.com.sg *****500 futures@phillip.com.sg Co. Reg. No: *****5695G 250 North Bridge Road The above information does not constitute an investment advice,
      111 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      788 9 IPS Securex Holdings Limited (Company Registration No. *****7639H) (Incorporated in the Republic of Singapore on 10 October 2013) Placement of 12,000,000 Placement Shares at S$0.35 each, payable in full on application. A LEADING ONE-STOP SECURITY SOLUTIONS PROVIDER WITH A SIGNIFICANT AND ESTABLISHED REGIONAL MARKET CORPORATE PROFILE IPS Securex Holdings Limited
      788 words
Page thumbnail Page 10
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Taking Heart
      582 10  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT The Social Store to hold show in S’pore A DESIRE to help artists and preserve their art led H P Singh, founder and chief executive officer of Satin Creditcare Network Limited, one of the largest non-banking financial institutions in India, to set up
      582 words
    • Article
      Lock icon PRIME LENDING RATES
      284 10 Jun 20 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd Bank of China Limited 5.50 Bank of Communications 5.50 .6.00 Bank of China Limited Bank of Taiwan Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a Barclays Bank PLC Bank
      284 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      987 10 Payment Ex Rec Pay Ann (cts) date date date date AIMSAMP Cap Reit (1 Jan-31 Mar 14) ag 2.510 14-May 16-May 24-Jun 07-May Amara an 1.000 10-Jun 12-Jun 26-Jun 14-Mar Aspial ca 2.000 08-May 12-May 25-Jun 11-Apr Ban Leong ak 1.000 31-Jul 04-Aug 14-Aug 27-May Boustead ak 3.000
      987 words
    • Article
      Lock icon Pawnshops cash in on business from gamblers
      950 10 $5.5b loans in 2013, up from $1.6b in 2007, after opening of casinos in 2010 WP [SINGAPORE] Yeah Lee Ching recalls when a lady walked into her pawnshop in Singapore and pledged a US$10,000 diamond-stud-ded gold Rolex watch to bankroll casino spending. She
      WP  -  950 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      1313 10 AZEUS SYSTEMS HOLDINGS LTD. (Incorporated in Bermuda on 10 May 2004) (Registration Number: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held on Tuesday 8 July 2014 at 10 a.m. at Indiana Room, Raffles City Convention Centre, 80
      1,313 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      1118 11 4 air :are<g? novita sanitize i H*s* KIT CHAN SINGER/ACTRESS NOVITA BRAND AMBASSADOR purify Sterilization Beyond Haze Period SANITIZE YOUR INDOOR AIR ALL YEAR ROUND IZATION .99% Kaze Particulate* within 5 mins Total Bacteria 0 within 3 mins )7.60% Total Yeast Mold /0 within 15 mins [95.50% Cigarette Smoke" a
      1,118 words
Page thumbnail Page 12
  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Top of the game
      4108 12 THIS WEEK’S TOPIC How competitive is Singapore as a financial centre? What would it take for Singapore to pip its rivals (particularly Hong Kong, London, New York City) for the global top spot? Annie Koh Vice-President Business Development and External Relations, Associate Professor of Finance Singapore
      FILE PHOTO  -  4,108 words
Page thumbnail Page 13
  • Page 13 Advertisements
Page thumbnail Page 14 / 15
  • Page 14 / 15 Advertisements
    • Advertisement
      Lock icon Page 14 / 15 Advertisements Column 1
      102 14 / 15 33* i-“-jK tr r^g?g”H-,^;^jaig PWgftr'. TOI M TV TTi 855 mh for it •V* 5n5* £2 1 £3 M U®s i %SK E S55v .3. < si 1% m ft gg i. v ■V r" B K I *A V l 3£ n T* KE THE CHAMPIONSHIPS, WIMBLEDON THE ALL
      102 words
Page thumbnail Page 16
  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon How interest rate rise affects Reits
      1731 16  -  Investors may be hit by lower distribution income and a fall in asset values, say BENJAMIN TAN SHAUN CHIA Benjamin Tan Guo Hui is from Singapore Management University’s School of Economics and Shaun Chia Qi Jing is from SMU’s Lee Kong Chian School of
      PHOTO: CAPITAMALL’S JCUBE  -  1,731 words
    • Article, Illustration
      Lock icon Should you ignore Jennifer Lopez when making trades?
      582 16 It might give you better returns in the stock market, says a new study criticising technical analysis Bloomberg IF YOU’RE a technical analyst who’s been burning the candlestick patterns at both ends, you may want to sit that rounding bottom down because
      Bloomberg; PHOTO: AFP  -  582 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      113 16 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      61 17 KISS92 FM All the great songs in one place BECAUSE OF YOU KISS92 is Mod IN SHARE OF LISTENERS AMONG ENGLISH STATIONS IN SINGAPORE A 0 IN CUMULATIVE Nd.Z. LISTENERSHIP LISTENERSHIP GREW BY 89,000 to 574,000 r you f NIELSEN RADIO DIARY SURVEY (MAR-MAY 2014) facebook.com/kiss92fm 0kiss92fm www.kiss92.sg Download the
      61 words
Page thumbnail Page 18
  • WORLD
    • Article, Illustration
      Lock icon US stock market rally seen continuing
      1148 18 Yellen’s comments suggest that interest rates will remain low through 2016 Reuters [NEW YORK] Federal Reserve chief Janet Yellen signalled that rational exuberance is just fine. That, at least, is how some of America’s largest money managers interpreted her comments last Wednesday suggesting interest
      Reuters; PHOTO: AFP  -  1,148 words
    • Article
      Lock icon BURSA MALAYSIA
      1339 18 VOL Jun 20 RM +/-(‘000) VOL Advance Synerg 0.24 unch 3283 Adventa Bhd 1.17 0.10 667 Ae Multi Hldgs 0.22 -0.01 361 Affin Holdings 3.30 0.02 345 Ahmad Zaki Res Abric Bhd 0.57 Alliance Finan 797 Aluminium Co 0.72 -0.01 98 Amalgamated In ..........0.29 unch 241 Amcorp Pro
      1,339 words
    • Article
      Lock icon White House advocates family friendly policies
      408 18 Such policies would boost dipping labour force participation Reuters [WASHINGTON] The United States could boost its sagging labour force participation rate and get more people back to work if more businesses had family friendly policies such as paid maternity and paternity leave, the White
      Reuters  -  408 words
    • Article, Illustration
      Lock icon After buzz, US market may descend into lull
      881 19  -  Market psychology, oil prices and tepid housing data could stall the rally WALL STREET INSIGHT By ROB CURRAN THE major US indices finished at record highs last week after the Federal Reserve’s policy statement was less hawkish than feared, but market psychology,
      PHOTO: REUTERS  -  881 words
    • Article
      Lock icon PM Abe to unveil his New Growth Strategy on June 27
      631 19  -  By ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Shinzo Abe is due to unveil his widely leaked and almost certainly anti-climac-tic New Growth Strategy on Friday amid growing awareness that it is not going to set financial markets alight.
      631 words
    • Article
      Lock icon Rosberg wins in nail-biting finish
      495 19 AUSTRIAN GRAND PRIX AFP [SPIELBERG BEI KNITTELFELD, Austria] Championship leader Nico Rosberg won the Austrian Grand Prix yesterday, putting Mercedes back on top in a nail-biting finale with teammate Lewis Hamilton. The German, clinching his third win this season, managed to hold off Hamilton until
      AFP  -  495 words
    • Article
      Lock icon US agency warns of risks in buying shares of Chinese Internet firms
      584 20 Legal contracts may be on shaky ground due to company’s complex structure AFP [WASHINGTON] Buying stock in online giant Alibaba or other Chinese Internet companies that bypass Beijing’s restrictions on foreign ownership could be a big risk for
      AFP  -  584 words
    • Article, Illustration
      Lock icon SEC to make oversight of bond trading a priority
      599 20 NYT [NEW YORK] The US Securities and Exchange Commission (SEC) is seeking to shine a light on trades in the relatively opaque markets for corporate and municipal bonds. SEC chair Mary Jo White said in a speech last Friday that she
      NYT; PHOTO: AFP  -  599 words
    • Article, Illustration
      Lock icon China developers launching massive projects in Johor
      997 20 They are betting on Iskandar Malaysia as the next Shenzhen [KUALA LUMPUR] The growing presence of developers from China in Johor has ruffled the feathers of local developers. Following the high-profile entry of Guangzhou-based Country Garden Holdings Co Ltd, which launched 9,000 units
      PHOTO: BLOOMBERG  -  997 words
    • Article, Illustration
      Lock icon Argentine bond default talks not expected to end successfully: analyst
      575 20 Bloom berg [NEW YORK] Investors betting that talks between Argentine President Cristina Fernandez de Kirchner and holders of the nation’s defaulted bonds from 2001 will avert a second default in 13 years may be headed for disappointment, according to TCW
      Bloomberg  -  575 words
    • Article
      Lock icon Companies eye takeovers amid low interest rates
      799 21 Pharma sector leading the way with US$150b of deals so far this year AFP [PARIS] Low interest rates are stoking the fires of takeovers, with about a quarter of big groups now on the lookout for targets in the next 12 months, a
      AFP  -  799 words
    • Article, Illustration
      Lock icon Olli Rehn’s defence of Berlin-imposed austerity line faces fresh criticism
      753 21 Austerity-vs-growth debate thrust open once again AFP [LUXEMBOURG] To Olli Rehn, the European Union’s (EU) low-key but hardline economics affairs commissioner, another push against austerity could not have come as much of a surprise. Mr Rehn, who steps down at
      AFP; PHOTOS: AFP REUTERS  -  753 words
    • Article
      Lock icon US agriculture sector output outpaces other parts of economy
      520 21 NYT [NEW YORK] Agriculture is a small part of the US economy, but last year it was the best part. The output of the agriculture sector grew 16.4 per cent after inflation last year, the fastest rise for the sector since
      NYT  -  520 words
    • Article, Illustration
      Lock icon ECB to focus on stimulus measures for now: Draghi
      567 21 Reuters [FRANKFURT] European Central Bank president Mario Draghi said that large-scale asset purchases are part of the central bank’s toolkit, but for now, it would focus on its latest set of stimulus measures. Mr Draghi told Dutch newspaper De Telegraaf in
      Reuters  -  567 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      64 18 <++> ich Ask2014 International Building Technology Expo A part of SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 TUR 14-16 October 2014 Singapore EXPO Halls 3 4 www.buildtechasia.com t rT r- f!' W ■y Pfi BBB p, wr v> &:^&Ss9isSSh&y.' m To Exhibit: Tel:+65 6319 4021 Email: buildtechasia@sph.com.sg To Visit: Pre-register at www.buildtechasia.com
      64 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 2
      233 18 Spencer Li Managing Director Synapse Trading Pte Ltd As you enter the world of trading, do you sometimes feel overwhelmed by the large number of different strategies and varied approaches? With the limited resources available, how can you maximise your capital to get both stable and aggressive returns, while keeping
      233 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      1133 19 NIKKO AM SHENTON HORIZON INVESTMENT FUNDS HORIZON ASIA EX-JAPAN EQUITY FUND NOTICE OF EXTRAORDINARY GENERAL MEETING OF UNITHOLDERS NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the holders of the units in the Horizon Asia ex-Japan Equity Fund (the “Sub-Fund”), a sub-fund of the Nikko AM Shenton Horizon
      1,133 words
Page thumbnail Page 20
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      848 21 The Business Times NOTICES IN THE MATTER OF SCHERING-PLOUGH (SINGAPORE) RESEARCH PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****3494D NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the member of the abovementioned Company will be held
      848 words
Page thumbnail Page 22
  • AVIATION/SHIPPING
    • Article
      Lock icon US revamping Boeing missile defence contract
      818 22 Restructuring drive spurred by multiple test failures, harsh independent review Reuters [WASHINGTON] The Pentagon is restructuring a US$3.48 billion contract with Boeing Co for management of the troubled US homeland missile defence programme, said two sources familiar with the situation. The system, which faced
      Reuters  -  818 words
    • Article
      Lock icon TRANSPORT STOCKS
      239 22 SGX '000 Jun 20 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.29 0.01 555 s$ Cwt Limited 1.70 -0.02 1038 Vol First Ship Lea 045 Grand Banks 0.27 unch 59 Jaya Hold Ltd 0.19 unch 7760 K1Ventures 0.19 0.01 7249 Keppel Corp 10.68 0.02 3112 Mercator Lines.........unch
      239 words
    • Article, Illustration
      Lock icon EU regulators expect battle with shipping firms over new pollutant law
      614 22 Reuters [LONDON] Northern European regulators will face a battle with many shipping companies over new EU rules aimed at cutting pollution from ship fuels as some owners are likely to find it cheaper to pay fines than to comply.
      Reuters; PHOTO: BLOOMBERG  -  614 words
    • Article
      Lock icon Shipping firms start to offer digital booking platforms
      691 22 Booking international freight is now as easy as reserving a hotel room Bloomberg [NEW YORK] The shipping industry, which carries 90 per cent of world trade, is finally going digital. Until recently, if you wanted to send a couple of pallets of
      Bloomberg  -  691 words
    • Article
      Lock icon Vietnam Airlines aims to raise US$51m in IPO
      319 22 Reuters [HANOI] National carrier Vietnam Airlines is seeking to raise US$51 million in an initial public offering (IPO) that will only offer a small fraction of the firm’s shares to the public and which value s the company at US$1.5 billion. The
      Reuters  -  319 words
  • Page 22 Advertisements
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      319 22 CRYPTIC CROSSWORD Across 1 Help to drink wine (7) 5 Won’t he be found out? (7) 9 The way to get out and about outside (5) 10 Joins forces again to disturb listeners (2-7) 11 Part of trial can collapse (10) 12 One short month to love a beautiful woman
      319 words
Page thumbnail Page 23
  • DINING OUT
    • Article, Illustration
      Lock icon Hearty helpings of Americana
      1009 23  -  One of a handful of stylish, independent eateries in Orchard Road, Luke’s eatery plates up Stars-and-Stripes staples, writes JAIME EE writesJAIME writesJAIME EE money, jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Luke's Oyster Bar Chop House 260 Orchard Road #03-02 The Heeren (Robinsons) Tel: 6733-4813 Open Tues to Sun:
      PHOTOS: JOSEPH NAIR  -  1,009 words
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      263 23 THE GREAT DIGITAL SALE Father’s Day Special $1.50 is all you need to treat yourself and your dad! Just $36 a year for any 2 magazines! Only $1.50 per digital issue (U.P. $5-$6.90) SubscribeNow! http://www.sphmagazines.com.sg/fathersday Offer valid till 30 Jun. Available for iOS or Android tablets and smartphones th n
      263 words
Page thumbnail Page 24
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4411 24 Week ended: Jun 20 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.3 10.4 8Telecom Vol Week Last Quote --AAT Net M Cap 13.7 6.7 AIMS Property 12.9 -0.6 81 13.2 12.9 12.9
      4,411 words
    • Article
      Lock icon SGX CATALIST
      551 25 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32 23 t 3Cnergy 500 Last 12.3 1.7 t APAC Strategic 5.8 unch *****8 6.1 5.6 5.8 5.9 50.8 1.9 0.9 t Advanced Systems
      551 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      124 25 Stock name Close Change Ascendas Reit 2.280 -0.020 CapitaLand 3.220 -0.010 CapitaMall Trust 1.960 CityDev 10.350 +0.040 ComfortDelGro 2.420 -0.020 DBS Grp 16.910 -0.170 Genting Sing 1.330 Global Logistic 2.680 +0.010 Golden Agri-Res 0.565 -0.005 HPH Trust USD 0.720 Stock name Close Change HongkongLand USD 6.600
      124 words
    • Article
      Lock icon STOCKS ASIA
      1932 25 Transaction date: Jun 20 HONG KONG Vol HK$ +/-'000 Aeon Stores '000 Angang Steel 4.82 -0.03 ***** Anhui Conch 26.70 -0.20 8551 Anhuiexpresswa 4.92 0.03 1334 Asia Satellite 32.80 -0.15 43 Asm Pacific 88.00 0.80 367 Avic Ihl unch 2 Baiyunshan Ph 4.82 Bank Of China 3.47 -0.01
      1,932 words
    • Article
      Lock icon GLOBALQUOTE
      251 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 62 40.5 AVJennings A57.5 -2.5 3 57.5 57.5 57 60 3.6 6.1 4.7 212.9 Last 343 214 TanChongInt HK332 -2 528 338 331 333 334 9.7 3.2
      251 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 6 1 0 0 0 8 6 1 Manufacturing 68 71 37 13 15 9 81 86 46 Commerce 32 30 16 5 12 2 37 42 18 Tpt/Stor/Comms 10 28 8
      186 words
    • Article
      Lock icon SGX ETF
      1167 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 112.6 -2.1 41 115.8 112.6 114.5 115.5 514 135.5 119 CIMB APAC Div 100S$D 129.6 -1.2 0 131.3 129.6 129.2
      1,167 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 100,125 100,125 308,318 308,318 Manufacturing 2,017,003 964,304 2,981,307 635,740 88,618 724,358 Commerce 508,244 534,176 1,042,420 518,336 56,179 574,515 Tpt/Stor/Comms 476,447 24,800 501,247 750,756 3,272 754,028 Finance 175,898 2,573 178,471 579,930 782 580,712 Construction 177,804 170,372
      123 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      26 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      26 words
Page thumbnail Page 26
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      661 26 Jun 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.60 *****.06 *****.43 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****3 Dec14 *****.00 *****.00 *****.00 *****.00 0 ***** MSCI TAIWAN INDEX FUTURES SPOT 334.05 334.38 331.66 Jun14 333.10 334.00 331.20 331.30 ***** *****5 Jul14 328.20
      661 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Jun 20 Index Change Change Change Change Change Change World Preliminary 1242.3 0.1 4.9 0.1 4.2 0.0 5.2 EAFE Preliminary 981.8 -0.1 2.7 -0.3 2.6 -0.4 3.6 Europe Preliminary 1418.4 0.0 4.7
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Jun 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.018 5.854 0.691 7.291 56.604 112.643 0.959 9.606 3.032 1.079 92.447 41.186 1.176 10.048 0.841 28.249 30.543 0.552 0.941 Canada 0.983 5.753
      471 words
    • Article
      Lock icon SIBOR
      39 26 Jun 20 (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
      39 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      80 26 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
      80 words
    • Article
      Lock icon PRECIOUS METALS
      120 26 Jun 20 GOLD(US$/oz) Jun 20 Jun 19 Hong Kong 1312.00 1285.00 Jun 20 Jun 19 London 1314.80 1299.10 1315.85 1299.55 Source: Thomson Reuters CAST BAR Jun 20 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 314 260 10gm 586 522
      120 words
    • Article
      Lock icon PALM OIL
      57 26 Jun 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2485.0 2460.0 2487.0 2451.0 375 5545 Aug 14 2472.0 2451.0 2480.0 2444.0 5343 ***** Sep 14 2465.0 2442.0 2474.0 2434.0 ***** ***** Oct 14 2468.0 2439.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Jun 20 Against S$ 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
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am 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
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 26 Jun 20 $S Offer Bid 0vernight 0.15 0.10 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.06 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
      157 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1095 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 10 57 0.3 1 11 1.07 49 Asia-Pacific Strategic W*****6 Ratio Exer Albedo Limited W*****9 Prem Asiatic Grp(Hldgs) Ltd W*****5 2.4 0.2 7084 0.0 2 15 Asiatravel.com
      1,095 words
    • Article
      Lock icon CHICAGO BOT
      109 26 Jun 20 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1415.75 1420.75 1423.00 1402.25 Aug 14 1361.50 1369.00 1368.75 1348.00 Sep 14 1263.50 1263.00 1267.75 1252.50 Nov 14 1231.50 1227.25 1235.00 1216.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
      109 words
    • Article
      Lock icon LIFFE
      95 26 Jun 20 COCOA (£/tonne) Close Prev High Low Jul 14 1965 1964 1968 1942 Sep 14 1935 1933 1938 1913 Dec 14 1921 1920 1923 1900 Mar 15 1912 1909 1915 1889 COFFEE(US$/tonne) Close Prev High Low Jul 14 1990 1959 2000 1967 Sep 14 2001 1966 2012 1972
      95 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Jun 19 CRUDE (FOB origin) US$/barrel 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
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Jun 20 S$ Bid Offer 1-month 1.2493 1.2501 2-months 1.2493 1.2501 3-months 1.2492 1.2501 6-months 1.2490 1.2499 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 26 Jun-20 Jun-20 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1847.75 1850.00 3 months 1886.00 1889.00 Copper, Grade A(US$/tonne) Cash 6840.50 6736.50 3 months 6820.00 6725.00 Lead(US$/tonne) Cash 2102.75 2103.25 3 months 2130.00 2129.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words
Page thumbnail Page 27
  • Article
    Lock icon SHIPPING TIMES
    2204 27 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
    2,204 words
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      39 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times Shipping times
      39 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      176 28 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping Times FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE
      176 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      395 29 TOSHIBA Leading Innovation »> Toshiba recommends Windows 8 Pro. Thin. Light. Smart. EMPOWER YOUR BUSINESS WITH SECURE RELIABLE NOTEBOOKS DAY L FE hrs PORTEGE Z30 Ultrabook” ALL BATTERY 1.20kg Ultra Thin, Ultra Light reddot award 2014 winner The new Portege Z30, lightest in its class, comes with Toshiba EasyGuard™ and
      395 words
Page thumbnail Page 30
  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon Maker looks to S-E A for YouTube audience
      716 30  -  It believes the region will be its biggest viewership market by 2016, reports VICTORIA HO reportsVICTORIA reportsVICTORIA HO [SINGAPORE] The exploding number of viewers hungry for online video in South-east Asia is an “unstoppable” force, said Rene Rechtman, Maker Studios’ international president.
      PHOTO: BLOOMBERG  -  716 words
    • Article, Illustration
      Lock icon Philippines looks to upgrade its call centres
      741 29  -  There is a strong push in the country to keep its contact centres competitive, reportsVICTORIA reportsVICTORIA HO [SINGAPORE] With 60 per cent of the Philippines’ outsourcing industry in call centres, businesses there are looking for a way to upgrade what contact centres can
      PHOTO: BLOOMBERG  -  741 words
    • Article
      Lock icon Tech tools track workers, raising privacy concerns
      1019 29 NYT [NEW YORK] A digital Big Brother is coming to work, for better or worse. Advanced technological tools are beginning to make it possible to measure and monitor employees as never before, with the promise of fundamentally changing how we work along with
      NYT  -  1,019 words
    • Article
      Lock icon Box in talks to raise US$100m after it delays IPO
      260 29 Bloom berg [NEW YORK] Box Inc, the cloud-storage provider that filed for an initial public offering (IPO) earlier this year, is in talks to raise about US$100 million at a valuation of at least US$2 billion, according to people familiar
      Bloomberg  -  260 words
  • Page 30 Advertisements
    • Advertisement
      Lock icon Page 30 Advertisements Column 1
      156 30 Are you ready for #GenMobile? The ultra-productive #GenMobile is a growing workforce. They want an 'anywhere, anytime' workday. But how do you know they are there? ALWAYS CONNECTED //SSSSSSSSSSSSSSSSSSSSSSSSSSSSSj 92% own 2 or more connected devices 59% have 3 or more 60% 34% a always online WV #U prefer Wi-Fi
      156 words