The Business Times, 27 June 2014

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Microfilm: NL33152
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Spi A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, June 27, 2014
    25 words
  • Article, Illustration
    Lock icon Downside risks cloud S’pore growth
    751 1  -  Surprise 2.5% fall seen in May factory output By KELLY TAY By kellytay@sph.com.sg @KellyTayBT [SINGAPORE] The Republic’s economic growth now faces downside risks for Q2 and 2014 after the manufacturing sector slipped into contraction mode last month, for the first time since June last year.
    Source: Singapore Economic Development Board (EDB)  -  751 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,278.57 (+17.03) GST INDEX FUTURES 3,279.00 (+17.00) GSIMSCI 372.55 (+1.53) GSIMSCI FUTURES 372.60 (+1.90) US$ S$ US$ (S$ per US$) 1.249 (US$/S$ per 1.699 2.122 EURO (US$/S$/€ 1.362 1.702 Foreign currency per US$ S$ YEN 101.80 81.50 RM 3.217 2.575 HK$ 7.751 6.205 BAHT 32.48 26.00 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Thursday Change KL COMP 1,889.97 +0.42 NIKKEI 225 15,308.49 +41.88 HANG SENG 23,197.83 +331.13 SET INDEX 1,477.48 +8.99 JAKARTA COMP 4,872.42 +33.44 MANILA COMP 6,892.18 +57.50 SEOUL COMP 1,995.05 +13.28 SHENZHEN B 835.81 +11.03 MUMBAI IND 25,062.67 -251.07 12 noon EDT Change DOW 16,799.02 -68.49 NASDAQ 4,364.66 -15.09
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.35 MALAYSIA INDONESIA HONG KONG TAIWAN INDONESIA 15.162 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon Reforming Asian giants back on investors’ radar
    1176 1  -  China stocks, bonds seen as value plays; India raises hopes By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT [SINGAPORE] Reports on the demise of Asia’s two giants China and India are looking somewhat exaggerated. The expectation of structural reform in both countries is causing investor confidence
    Source: Bloomberg  -  1,176 words
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      58 1 WORLD CUP Double joy for Lionel Messi’s birthday PAGE 4 COMPANIES Just over 30 units sold at The Crest EXECUTIVE LIFESTYLE Asian art powers on in Basel PAGE 28 PAGE 8 *****1 11 *****4 n OMEGA Com<>ielLahjom AVAILABLE AT: Ion Orchard 6509 9712 Marina Bay Sands 6225 2393 Raffles City
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      24 1 BT PROPERTY CLASSIFIED BT’s CATS property feature is now available to BTO subscribers. To subscribe to BT Property Classifieds, email cats8@sph.com.sg PAGES 20 21
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  • TOP STORIES
    • Article, Illustration
      Lock icon Gold sector to yield $500m in value-added: Yi Shyan
      764 2  -  He says Metalor refinery will allow for more cost efficiency among bullion traders in Asia By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] The growth of the gold sector in Singapore will create about US$0.5 billion in value-added to the economy, and add
      BT Graphics, Photos: Metalor  -  764 words
    • Article, Illustration
      Lock icon PM Lee, Biden reaffirm strong bilateral ties
      611 2  -  They also discussed the ‘destabilising behaviour’ of China By in LEE U-WEN in Washington, DC leeuwen@sph.com.sg @LeeUwenBT PRIME Minister Lee Hsien Loong’s last order of business in Washington was to visit 1600 Pennsylvania Avenue, the address of the American capital’s most famous building.
      PHOTO: NEO XIAOBIN/THE STRAITS TIMES  -  611 words
    • Article
      Lock icon Correction
      40 2 IN “Staying ahead of the curve” (BT, June 26), we wrongly attributed the quotes from the Singapore Accountancy Commission to its chairman, Michael Lim. It should have been SAC chief executive Uantchern Loh. We are sorry for the error.
      40 words
    • Article
      Lock icon Euro5 diesel to be available at Johor’s BHP kiosks
      554 2  -  It enables vehicles to meet S’pore’s emission standards By PAULINE NG in Kuala Lumpur SINGAPORE appears to have done Malaysian motorists a favour by insisting on higher smoke-emission standards for diesel-pow-ered vehicles. Cleaner, higher-grade Euro Standard 5 (Euro5) diesel will become
      554 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      378 2 Downside risks cloud S’pore growth SINGAPORE’S growth now faces downside risks for Q2 and 2014 after the manufacturing sector slipped into contraction mode in May. FRONT PAGE Asian giants back on investors’ radar REPORTS on the demise of Asia’s two giants are exaggerated. The expectation of reform in
      378 words
    • Article, Illustration
      Lock icon Double joy for Messi’s birthday
      625 4  -  Forward secures the maximum nine points for Argentina COMMENTARY LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT Correspondent THERE are perhaps few better ways to celebrate one’s 27th birthday. Scoring two more goals in the World Cup surely ranks high on the list for the irrepressible Lionel Messi. A
      PHOTO: AFP  -  625 words
    • Article, Illustration
      Lock icon Latin passion holds sway at the World Cup
      798 4 AFP [SAO PAULO] Look out Europe, Latin passion has taken over the World Cup, bringing a carnival atmosphere to the stadiums but also a security headache for Brazilian authorities. Midway through the tournament, armies of Lat- in American fans who invaded Brazil
      AFP; PHOTOS: AFP, REUTERS  -  798 words
    • Article
      Lock icon Fifa hands Suarez 9-match suspension for biting opponent
      507 4 Star’s also given 4-month ban from all football activity AFP [RIO DE JANEIRO] Uruguay star Luis Suarez was suspended for nine matches for biting an opponent yesterday as World Cup chiefs struck back with the heaviest sanction against a player in the
      AFP  -  507 words
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      135 3 Depuis 1775 N I t i gSKS it Saw" M*%l '.'III H l iinm\#t K&g tmfl'55 mw'3 M tttt N W WT ft. tto fi\ e K K v y 7 A Si > s H >■ Breguet, the innovator. Classique chronograph 5287 The double-seconds chronometer introduced in 1820 was
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      87 4 Guess the score win a Sony 4K TV! Brazil vs Chile Sony X8500B 55” Here’s your chance to be the first to own the latest 55-inch 4K Sony TV! Just guess the correct scoreline of the above match and you could win the newest Sony TV with superior colour reproduction.
      87 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SingTel’s relationship with OTT players complicated
      583 5  -  Telco now cautious on digital acquisitions, two years after announcing ambitions for the space By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT SINGTEL might start treating the providers of platforms like Viber and WhatsApp more like friends than foes but this doesn’t mean its wariness of its
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    • Article
      Lock icon Speculation continues as Aspial CEO ups LCD stake
      331 5  -  By TEH SHI NING tshining@sph.com.sg @TehShiNingBT ASPIAL Corporation chief executive Koh Wee Seng has continued to buy shares in LCD Global Investments at prices above the 17 cents a share buyout offer from Lum Chang’s Raymond and David Lum fuelling further market
      331 words
    • Article
      Lock icon Hyflux enters sale and lease-back deal for global HQ
      604 5  -  By ANGELA TAN angelat@sph.com.sg BARELY two years since Hyflux unveiled its new global headquarters in July 2012, the water specialist yesterday said that it will sell Hyflux Innovation Centre to Ascendas Real Estate Investment Trust (AReit) for $170 million in cash
      604 words
    • Article
      Lock icon Global Invacom licks its chops as its peers retire
      597 8  -  Satellite equipment maker prices London IPO at 19.75p By KENNETH LIM By kenlim@sph.com.sg @KennethLimBT ELDERLY satellite entrepreneurs of the world: Global Invacom Group might have a retirement package for you. The ground-based satellite equipment specialist is embarking on an acquisition campaign
      597 words
    • Article
      Lock icon More global IPOs expected in second half
      594 8 THE steady appetite for global initial public offerings (IPOs) is expected to continue in the second half of the year, despite heightened investor caution. This follows economic recovery in many markets as equity indices remain buoyant and volatility is on a downward trend,
      594 words
    • Article
      Lock icon Creditor gets court order to sell Anwell unit assets
      231 8  -  By CARINE LEE carinel@sph.com.sg @CarineLeeBT ANWELL Technologies yesterday said a trade creditor has obtained a court order to auction 229.4 million yuan (S$46.5 million) worth of assets from its subsidiary Henan Kerry Digital Co Ltd. This follows a court order to
      231 words
    • Article, Illustration
      Lock icon Just over 30 units sold at The Crest
      496 8  -  By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT A WING TAI-LED consortium is understood to have granted options for a tad over 30 units in The Crest condominium project along Prince Charles Crescent. The sales were clinched at a preview over the weekend. The showflat
      496 words
    • Article
      Lock icon S’pore tops South-east Asia in deal activity
      849 8  -  BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrie|BT BIG-MONEY deals, several of them led by state-owned Temasek Holdings and GIC, drove Singapore to Southeast Asia’s top spot in terms of corporate activity at the year’s six-month finish line. Singapore was the star performer, closing 143 of
      849 words
    • Article
      Lock icon Reits, stapled trusts outperform market in YTD total return
      386 8  -  By SHEENA TAN tsheena@sph.com.sg REAL estate investment trusts (Reits) and stapled trusts have averaged a 9.3 per cent year-to-date total return, according to a Singapore Exchange My Gateway report. The 26 Reits and five stapled trusts outperformed the market, which had
      386 words
    • Article
      Lock icon Korean film production group seeks Catalist listing
      279 8  -  By TEH SHI NING tshining@sph.com.sg @TehShiNingBT A KOREAN film production group is seeking a listing on the Singapore Exchange’s Catalist board. Spackman Entertainment Group, which owns film production labels Zip Cinema and Opus Pictures, lodged its preliminary offer document for its proposed initial
      279 words
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      358 5 tokyoproperty.com.sg Visit our website at: 東京 BEYOND TOKYO HIGH POTENTIAL FOR CAPITAL APPRECIATION 4 MINS WALK TO MRT STATION 15MINS DRIVE TO GINZA 8D--’G^H Condominium FromSGD$398K 3RQ 6\. IMK, R[^Y <G9[ QNY]-[@ 8%7-H 5-[@N^ QNYG=@ 2F @G KM /-NDB 15 MINS WALK TO 2020 OLYMPIC VILLAGE 85:: Q5RQ:53/ 4:TWSC5
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      201 5 J. s~\ (ssi! i pCJniV ingap ore J tl'l'i* SPECIAL GSS BENEFITS: $300 Shipboard credit for use in spa shops, and a complimentary bottle of champagne. Booking period from now till July 27,2014 Conditions: No restrictions on the voyages as long as booking is made within the booking period. The
      201 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon HK jump, poor US data help STI’s rise
      659 6  -  Activity still focusing on penny stocks; marginal improvement in turnover STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent Hong kong’s 1.5 per cent bounce and the proximity of the last trading day for the first half of 2014 probably accounted for yesterday’s 17.03point
      Source: Bloomberg  -  659 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jun 26 VALUE CLOSE BT OB/OS -201.00 +10.00 BT CADI -*****.00 +59.00 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 773.82 +3.49 FTSE ST Small Cap 559.85 +1.33 FTSE ST All Share 800.02 +3.91 FTSE ST China Top 198.80 +0.01 FTSE ST China 226.14 +0.56 FTSE
      77 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Vallianz 106,956,000 Adventus 93,179,000 JES Intl 83,752,000 Mirach Energy 78,853,000 ICP 65,723,000 STATS ChipPAC 59,015,000 Oceanus 45,040,000 Blumont 37,602,000 GSH 37,183,000 Cacola 32,488,000 VALUE($) SingTel 71,520,709 DBS Grp 55,859,143 Global Logistic 48,468,750 DairyFarm 900USD 44,738,715 STATS ChipPAC 35,272,835 Keppel Corp 35,058,125 UOB 31,684,440 Noble 24,114,690 HongkongLand
      57 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 5 0 0 0 6 4 5 Manufacturing 46 38 50 13 5 6 59 43 56 Commerce 25 18 21 7 5 4 32 23 25 Tpt/Stor/Comms 14 15 12
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      899 6  -  Compiled by TEH SHI NING Mapletree Logistics Trust June 26 close: $1.155 OCBC Investment Research, June 26 MAPLETREE Logistics Trust (MLT) recently proposed to acquire Daehwa Logistics Centre from vendor Daehwa Logistics Co Ltd. This represents MLT’s ninth property investment in South Korea. At a purchase consideration of
      Source: Bloomberg  -  899 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,134 15,134 55,956 55,956 Manufacturing 434,948 183,167 618,115 135,327 11,125 146,452 Commerce 171,901 234,205 406,106 135,897 23,544 159,441 Tpt/Stor/Comms 72,840 4,397 77,237 132,237 603 132,840 Finance 28,259 2,597 30,856 121,538 816 122,354 Construction 29,706 31,227
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      121 6 Stock name Close Change Ascendas Reit 2.320 +0.020 CapitaLand 3.200 -0.010 CapitaMall Trust 1.990 +0.030 CityDev 10.500 +0.080 ComfortDelGro 2.490 +0.020 DBS Grp 16.860 +0.100 Genting Sing 1.345 +0.010 Global Logistic 2.690 +0.010 Golden Agri-Res 0.565 -0.005 HPH Trust USD 0.725 +0.005 HongkongLand USD 6.700 +0.050
      121 words
    • Article, Illustration
      Lock icon Sterling rallies near recent 6-year highs
      528 6 CURRENCIES Reuters [LONDON] Sterling rallied against the US dollar yesterday after new measures to cool the UK housing market failed to dampen rate rise expectations and a downward revision to US GDP continued to weigh on the greenback. The Bank of England (BOE) tightened
      Reuters; PHOTO: BLOOMBERG  -  528 words
    • Article
      Lock icon RISES
      120 6 BY CENTS CLOSE UP DBXT iBoxxSvEu 5US$ ***** 171.1 0.5 JMH 400 USD 6077 126.1 1.7 DBXT AUDCS 5US$ ***** 96.2 0.4 Lyxor ThaiSET 10US$ ***** 89.9 0.6 DBXT MSKorea 10US$ 6477 88.7 1.1 DBXT SPASX200 10US$ 4241 83.7 1.6 Lyxor AsiaCS 10US$ 5957 81.2 1.1 JSH 500 USD
      120 words
    • Article
      Lock icon FALLS
      127 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -99.9 -0.6 DBXT E50 10US$ 5527 -43.7 -0.6 DBXT MSEurope 10US$ 6305 -28.7 -0.4 GLD 10US$ ***** -25.0 -0.2 Transcorp 11.7 -11.8 -50.2 Lyxor MS India 10US$ 1584 -11.2 -0.6 DBXT iBoxxIDR 10US$ 963 -10.0 -0.8 Lyxor Russia 10US$ 398 -10.0
      127 words
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      2481 7 (Constituted in the Republic of Singapore pursuant to a Trust Deed dated 5 July 2004 (as amended)) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 5th Annual General Meeting of the holders of units of Mapletree Logistics Trust (“MLT”, and the holders of units of MLT, “Unitholders”)
      2,481 words
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      2489 7 (Constituted in the Republic of Singapore pursuant to a Trust Deed dated 29 January 2008 (as amended)) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 4th Annual General Meeting of the holders of units of Mapletree Industrial Trust (“MIT”, and the holders of units of MIT, “Unitholders”)
      2,489 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon 3 residential plots launched for tender
      614 9  -  2 are in Sengkang and the other, for exec condos, is in Choa Chu Kang By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT TWO private residential sites in Sengkang and an executive condominium (EC) plot along Choa Chu Kang Drive, which together can yield about 1,700 homes,
      Source: URA, HDB  -  614 words
    • Article, Illustration
      Lock icon Customer satisfaction dips in retail, infocomm sectors
      305 9  -  Drop follows record showing last year as measured by ISES By LESTER WONG lesterw@sph.com.sg CUSTOMERS here have become less satisfied with services and products from the retail and infocommunications sectors than last year, says the latest Customer Satisfaction Index of Singapore (CSISG). In
      Source: Institute of Service Excellence (ISES)  -  305 words
    • Article
      Lock icon Bobby Chin elected NTUC FairPrice chairman
      265 9  -  He replaces Ng Ser Miang who retires after 9 years By SHEENA TAN tsheena@sph.com.sg BOBBY Chin was elected chairman of NTUC FairPrice at its 32nd annual general meeting yesterday, announced the retailer. He replaces Ng Ser Miang, who has retired from the board following
      265 words
    • Article
      Lock icon Companies here prepping for bad haze days
      488 9  -  By RAPHAEL LIM raphlim@sph.com.sg AS the number of hot spots in Indonesia increase with the start of the haze season, so too have preparations by companies in Singapore to ready themselves for any potential escalation of the haze situation here. Companies that The
      488 words
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      165 9 Organised By 4*, Singapore Indian Chamber of Commerce Industry Main Sponsor Knowledge Partner •DBS Living, Breathing Asia RSM Chio Lim Audit Tax Advisory NOMINATIONS ARE OPEN!-.. SICCI DBS W SINGAPORE INDIAN m ENTREPRENEUR 0P AWARDS 2014 CATEGORY 1: OUTSTANDING ENTREPRENEUR Businesses with an annual turnover of more than S$50 million
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      3656 10 GLOBAL LOGISTIC PROPERTIES LIMITED Company Registration No: *****5832Z (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (the “AGM”) of GLOBAL LOGISTIC PROPERTIES LIMITED (the “Company”) will be held at Concorde Ballroom, Level 3, Concorde Hotel Singapore, 100 Orchard Road, Singapore *****0
      3,656 words
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      1778 10 THE BUSINESS TIMES NOTICES NAIR CO PTE. LIMITED (Company Registration Number *****2992G) (the “Company”) NEWSPAPER NOTICE Notice is hereby given pursuant to sections 76(10)(h) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that the following resolutions were duly passed as Special Resolutions at an extraordinary general meeting
      1,778 words
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      19 11 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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      1010 11 Head Office: 190 avenue Charles-de-Gaulle ***** Neuilly Cedex (Paris) France Singapore Branch: 7 Temasek Boulevard #07-04/05 Suntec Tower 1 Singapore *****7 Union de Banques Arabes et Françaises CONSOLIDATED BALANCE SHEET as at December 31, 2013 ASSETS 2013 2012 (in thousands of euros) Interbank and similar transactions 1,064,142 1,617,603 Customer transactions
      1,010 words
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      454 11 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TAAM (SINGAPORE) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO.*****9854N NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at Midtown Tower, 9-7-1 Akasaka, Minato-Ku, Tokyo 107-6242, Japan
      454 words
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      1665 11 Financial statements for the year ended 31 December 2013 Balance sheet at 31 December 2013 In thousands of euros, at 31 December 2013 2012 ASSETS Cash and amounts due from central banks and post office banks 4,098,904 613,112 Treasury bills and money-market instruments 11,543,423 11,942,894 Due from credit institutions 35,089,638
      1,665 words
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      103 11 Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices THE MONETARY AUTHORITY OF SINGAPORE RESULTS OF AUCTION OF TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TO BE ISSUED ON 01 JULY 2014. Tenor Approx. 15 Years Total Amount Allotted SGD 2,200,000,000 Amount Allotted to SGD 458,327,000 Non-Competitive Applications Amount Allotted to MAS SGD 300,000,000 Total
      103 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia not meeting 2014 project targets
      578 12 It is starting less than half of the infrastructure projects planned Bloomberg [JAKARTA] Indonesia will start less than half of the infrastructure projects it planned for this year because of difficulties acquiring land and as soaring fu-el-subsidy costs force the nation to cut budget
      Bloomberg; PHOTO: AFP  -  578 words
    • Article
      Lock icon Pengerang key to M’sia’s development
      549 12  -  An LNG trading terminal will be built at the seaside town By S JAYASANKARAN in Pengerang, Johor FIVE years ago, the place was mostly water, mud and several sorry-looking houses belonging to fishermen who had plied their trade in these waters for years. Yesterday, however,
      549 words
    • Article
      Lock icon 1MDB unit partners Lend Lease in RM8b property project
      305 12 [PETALING JAYA] 1MDB Real Estate (1MDB RE) has appointed Lend Lease as its major partner to commence work on its RM8 billion (S$3.1 billion) TRX Lifestyle Quarter project at the Tun Razak Exchange (TRX) in Kuala Lumpur. The lifestyle project will
      305 words
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      1957 12 The Business Times NOTICES Head Office: 30, Avenue Pierre-Mendès-France, ***** Paris, France Singapore Branch: 50 Raffles Place #41-01 Singapore Land Tower, Singapore *****3 CONSOLIDATED BALANCE SHEET ASSETS 31/12/13 31/12/12 in millions Cash and balances with central banks 40,891) 34,697) Financial assets at fair value through profit and loss 218,324) 231,870)
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      151 12 Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices Form 69(3) NOTICE OF INTENDED DIVIDEND Name of company SAW SPECIALIST MACHINERY PTE. LTD. (In Liquidation) (UEN *****0036M) Address of former registered office: 10 Jalan Lam Huat, Singapore *****3 Court High Court of the Republic of Singapore Number of Matter Companies Winding Up No.
      151 words
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  • CHINA/INDIA
    • Article
      Lock icon 94b yuan loans backed by false gold trades
      649 13 China’s find signals possible fraud in commodities deals Bloomberg [BEIJING] China’s chief auditor discovered 94.4 billion yuan (S$19 billion) of loans backed by falsified gold transactions, adding to signs of possible fraud in commodities financing deals. Twenty-five bullion processors made a combined
      Bloomberg  -  649 words
    • Article
      Lock icon New Delhi delays gas price hike by three months
      451 13 Bloomberg [NEW DELHI] India has deferred a move to increase natural gas prices by three months as it tries to balance the demands of explorers with the need to stem inflation. The issue requires “comprehensive consultations,” Oil Minister Dharmendra Pradhan told
      Bloomberg  -  451 words
    • Article, Illustration
      Lock icon Shares of 3 China firms debut with limit 44% surge
      604 13 First listings in more than 4 months notch subscription rates of 120-218 times Reuters [SHANGHAI] Shares of three small Chinese companies soared by over 40 per cent on their debuts yesterday in the first mainland listings in over four months,
      Reuters; PHOTO: BLOOMBERG  -  604 words
    • Article
      Lock icon India’s small traders oppose FDI in e-retailing
      183 13 Re uters [MUMBAI] A trade body representing small Indian retailers is opposing a possible government move to allow foreign direct investment in Indian e-com-merce, posing the latest challenge for Prime Minister Narendra Modi’s reform drive. The Confederation of All India Traders will organise
      Reuters  -  183 words
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      236 13 IN THE MORNING -WEEKDAYS 6AM-10AM-D facebook.com/kiss92fm i#-@kiss92fm www.kiss92.sg St2 m 4 aauamarme CELEBRATE RAMADAN 30 JUN TO 27 JUL There is more to look forward to this Ramadan as you break fast with thoughtfully prepared sweet dates at the start of the meal at AquaMarine. Chefs favourites include charcoal grilled
      236 words
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      47 13 tablat THE HEARTBEAT OF THE INDIAN COMMUNITY THE MAN WHO DRAWS INDIA Architect Hafeez Contractor is helping to create the face of 21st-century India •SSf W RESURRECTING HISTORY FROM FAMILY ALBUMS GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      47 words
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  • WORLD
    • Article, Illustration
      Lock icon May consumer spending up modestly at 0.2%
      564 14 Weak healthcare expenditure likely to have constrained it; jobless claims fall LATEST US DATA Reuters [WASHINGTON] US consumer spending rose less than expected in May, likely held back by weak healthcare spending, which could prompt economists to temper their second-quarter growth estimates. The
      Reuters; PHOTO: AFP  -  564 words
    • Article
      Lock icon StanChart’s H1 operating profit down 20% on weak markets
      438 14 Bloomberg [LONDON] Standard Chartered dropped the most in almost six months in London trading after the UK bank said that first half operating profit probably fell by 20 per cent, dragged down by lower financial markets revenue. The bank was down
      Bloomberg  -  438 words
    • Article
      Lock icon LSE agrees to buy Frank Russell for US$2.7b
      439 14 Purchase will help bourse strengthen FTSE Int’l business Bloomberg [LONDON] London Stock Exchange Group (LSE) agreed to buy Frank Russell Co, a unit of Northwestern Mutual Life Insurance Co, for US$2.7 billion to bolster its FTSE International business. LSE will pay for
      Bloomberg  -  439 words
    • Article
      Lock icon NY A-G sues Barclays for ‘dark pool’ trading
      695 14  -  Action alleges ‘fraud and deceit’ by bank, whose share price plunges further By NEIL BEHRMANN in London BARCLAYS Bank, plagued by hundreds of million pound in fines during the past few years, is now facing a potentially expensive lawsuit from New York
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      Lock icon Thai exports fall more than forecast in May
      632 14 Factory output down 4.1% from a year earlier Reuters [BANGKOK] Thai exports and factory output fell more than expected last month, showing that pillars of the economy remain weak and underscoring the tough task the military government faces kick-starting growth after seven
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      Lock icon Goldman Sachs merges retail, healthcare ops
      340 15 NYT [NEW YORK] Goldman Sachs is combining its consumer retail and healthcare investment banking groups, according to an internal memorandum sent on Wednesday. The move comes as drug company takeovers and retail advisory deals are on the rise. “This change brings together a strong
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      Lock icon BNP may face curbs on some operations in US, say sources
      575 15 Deal for sanctions violations may include one-year ban on dollar clearing Bloomberg [NEW YORK] BNP Paribas, seeking to settle claims it violated US sanctions, is close to an agreement with New York state’s top banking regulator that would curtail
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      Lock icon The new normal
      781 15  -  By ANDREW STEVENS The writer is a CNN anchor/correspondent based in Hong Kong I WANT to talk about a new normal. Yes, it’s a buzzword but like most buzzwords, it does capture a new mood, a new equation. This new normal is Typhoon Haiyan. have just returned
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      Lock icon Card networks to tie up with telcos to fight fraud
      636 15 Bloomberg [PORTLAND] Banks and card networks such as Visa and MasterCard are working with wireless carriers to cut down on fraudulent transactions by tying purchases to the location of a shopper’s smartphone. In the next few months, AT&T will test
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      Lock icon Global firms hiring on signs of growth surge
      1240 16 Economists expect global growth to rise to 3.1% in 2014 and 3.7% next year Bloomberg [PARIS] Companies from Ford Motor Co to Panasonic Corp are providing fresh fuel for the global economy as they begin to bolster employment and investment. Stepped-up spending
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      Lock icon Samsung and LG launch Android smartwatch
      369 16 AFP [SEOUL] South Korea’s Samsung and LG yesterday launched rival smartwatches powered by Google’s new software as they jostle to lead an increasingly competitive market for wearable devices seen as the mobile industry’s next growth booster. Samsung’s “Gear Live” and LG’s “G Watch” both
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      Lock icon Caesars confident of financing Japan casino ‘costing US$5b’
      525 16 But completing the casinos by 2020 is getting tough, it says Bloomberg [TOKYO] Caesars Entertainment Corp, the largest operator of US casinos, said a Japan resort would require at least a US$5 billion investment and that it would have no problem financing
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      Lock icon Card swipers banned on Macau casino floors
      387 16 Bloomberg [HONG KONG] Macau’s government banned jewellery and watch retailers operating in casinos from adding new card devices starting next month, adding to moves to regulate money flow in the world’s largest gambling hub. While banks were asked to strengthen the monitoring of
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      388 15 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF B VB PTE. LTD. COMPANY REG. NO. *****2576Z (IN MEMBER’S VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company held on 25 June 2014, pursuant to Section 179(6) of
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      394 15 ITE ELECTRIC CO. LTD Co. Reg. No. *****1457Z (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES The undermentioned share certificates have been reported lost, destroyed or mislaid: Name Certificate No. No. of Shares Rosemoor Development Pte Ltd *****6 10,000,000 -do- *****7 12,765,425 NOTICE IS HEREBY GIVEN that new share
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      412 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CHAMPION EUROPE SOURCING ASIA PTE LTD (the “Company”) (In Member’s Voluntary Liquidation) (Company Registration Number: *****1524Z) (Pursuant to Section 290(2)(b) At an Extraordinary General Meeting of the Company deemed held on 25 June 2014, the following
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      47 16 2014 MANU FACTURINGSOLUTIONSEXPO Empowering Manufacturing Sectors with Solutions 8 to 10 October 2014 Suntec Convention 8t Exhibition Centre Halls 401 403 ms-expo.com SIB fM 4 ifH •c at To Exhibit: Tel: +65 6319 4021 Email: mse@sph.com.sg To Visit: Pre-register at ms-expo.com Organised by: sphere A SUBSIDIARY OF
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      104 16 IFBO VIETNAM 2014 International Franchise Business Opportunities 4-6 September 2014 10.00am 5.00pm Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam International franchise brands and business concepts under one roof Get free lessons on franchising from the experts! Pick up useful tips on doing business in Vietnam *Enjoy preferential
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  • AVIATION/SHIPPING
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      Lock icon Rakuten ‘to buy big stake in AirAsia’s Japan venture’
      554 17 CEOs of both firms will announce the deal on July 1 in Tokyo: Japan paper Reuters [TOKYO] Japan’s biggest online retailer Rakuten Inc plans to buy a major stake in a Japanese budget airline to be established by Malaysia’s AirAsia Bhd,
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      Lock icon Asiana crash crew ‘unfamiliar with auto-throttle’
      696 17 Investigators tell of pilots’ deficient training, confusion NYT [WASHINGTON] The crew members of an Asiana Airlines flight that crashed their Boeing 777 against the sea wall at San Francisco International Airport last July had missed multiple cues that they had done something wrong in
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      Lock icon ‘Highly likely’ jet was on autopilot: Australia
      611 17 AFP [SYDNEY] Malaysia Airlines flight MH370 was almost certainly on autopilot when it ran out of fuel and crashed, Australian officials said yesterday as they announced their search will shift further south. Investigators have been grappling with the mystery of the Boeing 777’s
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      Lock icon TRANSPORT STOCKS
      247 17 SGX '000 Jun 26 S$ +/-Vol Ch Offshore 0.45 unch 61 Chuan Hup Hldg 0.28 -0.01 82 Cosco Corp 0.71 -0.01 1875 Cwt Limited...............1.74 0.03 3115 Ezra Hldgs 1.10 unch 1430 First Ship Lea 0.09 unch 35 Grand Banks unch unch 0 Jaya Hold Ltd Cosco Corp K1Ventures
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      Lock icon Carnival’s adjusted profit forecast falls below market estimates
      408 17 Reuters [NEW YORK] Carnival Corp, the world’s largest cruise operator, forecast an adjusted profit below market estimates for the current quarter, blaming increased competition in the Caribbean. Shares of the company, which operates the Carnival, Holland America and Costa cruise lines, fell
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      Lock icon MAS fleet plan under review, says CEO
      637 17 Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd (MAS) may modify plans for future plane orders after the disappearance of Flight 370 more than three months ago deterred passengers and tarnished the national carrier’s reputation. “The fleet plan is under review,” chief executive officer
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  • EDITORIAL & OPINION
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      Lock icon World Cup may decide Brazil’s next leader
      512 18 EDITORIAL FOR Brazilian President Dilma Rousseff, the ongoing Fifa World Cup in her country is more than just a football tournament. Should the month-long event run its course without any major hiccups, and should the host nation eventually go on to lift the
      512 words
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      Lock icon Don’t take innovation debate seriously
      718 18  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group BY their nature, many innovations are disruptive. The Internet is, of course, Exhibit One. It has remade the music industry, threatens “brick and mortar” stores, is changing how we talk to each other (Facebook, Twitter)
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      Lock icon Renminbi on path to global acceptance
      1123 18  -  Beijing is set on removing market-distorting rules, although it will be a paced process By CANDY HO The writer is managing director, global head of RMB business development, markets, at HSBC SLOWLY but steadily, the renminbi is going global, but for the currency to
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      Lock icon Japan’s proposed tax cut could hurt Abenomics
      393 19  -  The plan’s rationale is dubious, given Japan’s low overall tax-to-GDP ratio REUTERS BREAKINGVIEWS By ANDY MUKHERJEE SHINZO Abe wants to prove his reform credentials by cutting Japan’s 36 per cent corporate tax rate. But the prime minister’s plan could backfire and end up
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      Lock icon Political catchphrases must not be so much hot air
      1038 19  -  By HARISH MEHTA The writer, a former BT senior correspondent, is a historian who has taught at Canadian universities, and has written books on Indochina IN ORDER to build their legacies, presidents and prime ministers often create memorable slogans encapsulating their
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      Lock icon Govts must realise full potential of infrastructure
      915 19  -  By MARTIN 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, a McKinsey director, is the global leader of McKinsey’s Infrastructure Practice Project Syndicate
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  • PROPERTY
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      Lock icon LA River plan driving land prices up
      913 20 Bloomberg [LOS ANGELES] Ben Stapleton frames the shot with his hands like a movie director, sharing his vision of a junkyard he’s trying to sell for US$3.5 million. He sees artist workspaces, retail shops and apartments with Los Angeles skyline views, steps from
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      Lock icon Japan firm plans 100b yen boost to hotel ventures
      465 20 Rising inbound tourism, government hospitality targets prompt Hulic’s move Bloomberg [TOKYO] Hulic Co is seeking to invest as much as 100 billion yen (S$1.2 billion) over the next five years in hotels in Japan amid rising inbound tourism in the country.
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      165 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The Business Times CLASSIFIED -BUY II -SELL II -FIND IT—m,: m t THE WESTMINSTER There is no better time to invest in Japans real estate. THE WESTMINSTER Roppongi, by renowned British developer Grosvenor, is an award winning development located in the heart
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      242 21 D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D10 HOUSE FOR SALE NASSIM New GCB beautiful rectangular *****/ *****sf, lift, gdn pool, basement park 9 cars. 7-rm/ 6 bathrms. 9698 0098 Joyce Yong, DTZ,
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      217 21 D20 HOUSE FOR SALE PEMIMPIN 2-storey semi-detached. A&A. 4+1. Nice layout. Land 3360 sqft. Catholic High RI. Call Marcus 9682 8889 D28 HOUSE FOR SALE SELETAR HILLS DRIVE FH Semi-d. Land 4200sf/ built approx 6500sf. 2.5sty. Well renovated. All big 5 bdrm ensuite maid. Easy access to city. Valerie 9763
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      225 21 D11 21 APARTMENT FOR SALE CASCADIA Lifestyle living 2/3/4 bdrm Penthouses only fr $9xxx psf. Limited units left. Super Penthouse 4532 sf Jane Ang *****576 CBRE Luxury Homes D15 APARTMENT FOR SALE AMBER SKYE Freehold with pte lift. City/sea view. Fr $16xx psf till Sunday. View by appt. Call Francis
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      224 21 D17 HOUSE FOR RENT 27A TOH AVENUE Semi-D Newly rebuilt 3500/ 5000 sqft. 2storey attic. 5+1 bedrooms pool. Available Immediate. Call 9863 5635/ 9727 2996 D04 APARTMENT FOR RENT AZURE SENTOSA COVE #02. Unblocked sea view. Corner. Best layout. 3+1 bedrooms, 1800 sqft. Asking $8.5k. Avail immed Call 9863 5635
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      190 21 D22 FACTORY FOR SALE TUAS VIEW SQUARE Pair of Semi-detached. ***** sqft with dormitory. $16.5M neg Sale with tenancy. Agnes 9389 9879 D23 FACTORY FOR SALE THE ELITIST $639 psf for Sale, $2.30 psf for Rent. Brand New! Office/ Warehouse. Bare. The Elitist Bt Batok. 1012/ 1033/ 2045 sf. *****967
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    Lock icon SHIPPING TIMES
    2327 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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      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 Shpping Dues
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      130 23 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327 IIIL
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      18 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4095 24 Transaction date: Jun 26 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 Company Last Sale 97.5 69 ABR 20 5.1 A-Sonic Aero ('000) High Low Buyer Seller Div Gr Yld C'vr Net
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      Lock icon SGX CATALIST
      407 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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      Lock icon UNIT TRUST & FUNDS
      10724 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond 1.58/ APS Alpha Fund (USD)!* EM Local Ccy Bond 1.26/ AhorHoon Accot Mnt Acia 1 imitpH American C Asjan Local Ccy SD Bond ....0.9829/ 2
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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 Last Vol 343 215 TanChongInt HK332 -5 237 337 332 332 336 9.7 3.2 3.3 6686.1 DISCLAIMER: All information is published “as is” without warranty of any
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      Lock icon SGX ETF
      1100 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 $mil 117 108.3 ABF SG Bond ETF 115 +0.1 1 115 115 114.8 115 525 135.5 119 CIMB APAC Div 100S$D 131.6 +1.8 131.6 131.6 130.2 132.8
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      652 26 Jun 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.13 *****.12 *****.22 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****9 Dec14 *****.00 0 ***** MSCI TAIWAN INDEX FUTURES SPOT 332.08 333.93 331.83 Jun14 330.40 333.90 329.80 333.50 *****8 ***** Jul14 325.80 329.30 325.10 328.80
      652 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 25 Index Change Change Change Change Change Change World Preliminary 1232.6 -0.2 4.1 0.0 3.4 -0.1 4.5 EAFE Preliminary 969.7 -0.8 1.4 -0.6 1.5 -0.6 2.5 Europe Preliminary 1396.9 -1.0 3.1
      373 words
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      Lock icon INTERBANK CROSS RATES
      471 26 Jun 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.007 5.858 0.690 7.290 56.573 113.700 0.957 9.557 3.025 1.073 92.860 41.262 1.175 9.985 0.840 28.185 30.546 0.554 0.940 Canada 0.993 5.815
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    • Article
      Lock icon SIBOR
      37 26 Jun 26 (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 Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      80 26 Jun 26 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-16 101.25 5-Year NX*****W 2.5 01-Jun-19 105.99 106.07 106.03 10-Year NX*****H 2.750 01-Jul-23 103.25 103.20
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      Lock icon PRECIOUS METALS
      124 26 Jun 26 GOLD(US$/oz) Jun 26 Jun 25 Hong Kong 1316.00 1316.00 Jun 25 Jun 24 London 1318.36 1318.93 1319.04 1319.48 Source: Thomson Reuters CAST BAR Jun 26 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 314 260 10gm 586 523
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      Lock icon PALM OIL
      59 26 Jun 26 Jun 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2496.0 2497.0 2515.0 2493.0 670 3073 Aug 14 2491.0 2491.0 2509.0 2480.0 1951 ***** Sep 14 2484.0 2483.0 2502.0 2469.0 ***** ***** Oct 14
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      Lock icon INTERBANK CURRENCY RATES
      155 26 Jun 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1741 1.1755 0.9402 0.9407 Canadian dollar 1.1655 1.1669 0.9338 0.9333 Euro 1.7012 1.7026 1.3623 1.3625 NZ dollar 1.0946 1.0956 0.8765 0.8768 Sterling pound 2.1217 2.1232 1.6990 1.6991
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 26 Jun 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1415.75 1413.50 1422.00 1411.25 Aug 14 1361.75 1357.75 1367.00 1357.00 Sep 14 1265.50 1260.75 1269.50 1260.25 Nov 14 1229.00 1224.50 1234.00 1223.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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      Lock icon LIFFE
      95 26 Jun 25 COCOA (£/tonne) Close Prev High Low Jul 14 1950 1940 1955 1937 Sep 14 1920 1910 1926 1906 Dec 14 1903 1896 1911 1894 Mar 15 1896 1888 1903 1885 COFFEE(US$/tonne) Close Prev High Low Jul 14 1994 1954 2000 1963 Sep 14 2016 1972 2025 1981
      95 words
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1116 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 17 0.3 1 13 1.05 49 Asia-Pacific Strategic W*****6 Ratio Exer Price Asiatic Grp(Hldgs) Ltd W*****5 Disc Asiatravel.com HoldingsW*****7 7.8 -0.2 138 1 25 1 Asiatravel.com HoldingsW*****5 15.8
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Jun 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.77 -1.12 WTI (Near Mth) 106.51 -0.01 Dubai (1-Mth F) 109.63 -0.52 Tapis blend 116.23 -0.80 Minas 111.83 -0.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.61 0.28 Jet Kerosene 123.48 0.20 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 26 Jun 26 S$ Bid Offer 1-month 1.2488 1.2496 2-months 1.2488 1.2496 3-months 1.2487 1.2496 6-months 1.2486 1.2494 Source: OCBC
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      Lock icon LONDON METALS
      65 26 Jun-25 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1866.00 1862.75 3 months 1900.00 1896.00 Copper, Grade A(US$/tonne) Cash 6938.00 6918.50 3 months 6915.00 6885.00 Lead(US$/tonne) Cash 2137.25 2154.00 3 months 2167.00 2183.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Jun 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.202 1.145 Can dollar 1.186 1.141 Euro 1.743 1.660 Sterling pound 2.162 2.079 NZ dollar 1.118 1.075 US dollar 1.273 1.213 Local dollars to 100 units of foreign
      121 words
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      Lock icon INTERBANK RATES
      157 26 Jun 26 $S Offer Bid 0vernight 0.10 0.05 1-month 0.3125 0.1875 2-months 0.375 0.25 3-months 0.4375 0.3125 Overnight mode: 0.05 US$ 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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      168 27 m y m > on in life from The Straits Times STYLE pursuits travel food design I LIFE magazine ASIA EXCLUSIVE Style Shift Can Nicolas Gtiesquiere takeLY to the next level? FOOD Michelin meals under $50 in Hong Kong TRAVEL Luxe ryokan retreat DESIGN Objects of Desire for the home
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  • executive lifestyle
    • Article, Illustration
      Lock icon Asian art powers on in Basel
      1441 28  -  Art Basel, the world’s biggest art fair, saw greater prominence of Asian art and collectors. BY HELMI YUSOF helmi@sph.com.sg @HelmiBT GALLERISTS described the unexpected throngs of Asian art collectors at this year’s Art Basel art fair in words that parallel a military invasion. “They
      PHOTOS: HELMI YUSOF  -  1,441 words
    • ART BASEL
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        Lock icon Richter’s multiple perspectives
        597 29  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT IN 2013, Gerhard Richter broke his own auction record as the world’s most expensive living artist when his painting Domplatz, Mailand (1968) sold for US$37 million. The previous record was for a US$34.2 million painting called Abstraktes Bild (1994) sold in 2012.
        PHOTO: HELMI YUSOF  -  597 words
      • Article, Illustration
        Lock icon Audemars Piguet makes major foray into art
        747 29  -  The luxury brand is set to commission artists for future Art Basels, reports HELMI YUSOF helmi@sph.com.sg @HelmiBT LUXURY watch brand Audemars Piguet is the latest company to sink its teeth into the contemporary art scene. At its Art Basel VIP booth designed by
        747 words
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        Lock icon Chan’s industrial-strength irony
        517 29  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT LAST year, the Schaulager –arguably the most cut-ting-edge museum in Basel –showed a retrospective of artist-filmmaker Steve McQueen before he became famous with the release of 12 Years A Slave. This year, the Schaulager decided to fill its cool Herzog de Meuron-designed
        517 words
    • CINEMA/MUSIC
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        Lock icon An exhausting, interminable experience
        647 30  -  Not even hard-core fans will emerge from the cinema unscathed after watching the latest Transformers movie, says GEOFFREY EU GEOFFREY EU HE high-tech demolition derby that is the Transformers movie series is nothing if not thoroughly predictable. Viewers come expecting a sensory assault on an epic
        647 words
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        Lock icon Plight of South Korea strays caught on film
        534 30  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT THANKS to the Internet, cat porn is giving food photographers a run for their money on social media platforms and celebrity online felines such as Grumpy Cat and Lil Bub are fast overtaking Garfield in the fame
        534 words
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        Lock icon Hello again, Yellow Brick Road
        529 30  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT A MASTERPIECE is sometimes created when one least expects it Elton John’s seminal 1973 album, Goodbye Yellow Brick Road, is an example. Originally meant to be recorded in Jamaica until political unrest forced the session to be moved to France
        529 words
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        Lock icon Music to the ears of the Pioneer Generation
        526 30  -  By GEORGINE VERANO gverano@sph.com.sg IT just got better to be part of the Pioneer Generation as the Philharmonic Youth Winds will be presenting a special concert just for them; and what better way to celebrate it than through the music of their
        526 words
    • ARTS
      • Article, Illustration
        Lock icon Celebrating Singapore’s best visual artists
        539 31  -  The upcoming Singapore Eye volume will showcase 75 of the Republic’s top contemporary artists, reportsHELMI HELMI YUSOF helmi@sph.com.sg @HelmiBT EACH book is about 400 pages long, measures 24cm by 24cm, and weighs at least two kg and that’s the paperback version, mind you, not the
        539 words
      • Article, Illustration
        Lock icon Hard-hitting double bill
        815 31  -  By CHEAH UI-HOON uihoon@sph.com.sg WHAT happens when a country decides that there’s no more land for its old people? In Cultural Medallion winner and playwright Han Lao Da’s Floathouse 1001 his futuristic tale of a group of unhappy people who are unfairly treated the play sees Singapore
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      • Around Town
        • Article, Illustration
          Lock icon Pick of the Week
          267 31 OPEN: The prequel festival to the Singapore International Festival Of Arts (Sifa), OPEN, or Open Participate Enrich Negotiate, aims to change Singapore’s cultural landscape by encouraging audience ownership of ideas, issues and themes. The event features up to 17 days of films, performances, talks and more,
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        • Article
          Lock icon Exhibitions
          200 31 Warhol in China: In honour of the launch of University of South Australia’s new central business district campus at Orchard Gateway, the University of South Australia will launch the world premiere of Andy Warhol’s exhibition, Warhol in China. The exhibition presents a selection of Warhol’s works, and will unveil
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        • Article
          Lock icon Seminars
          131 31  -  Compiled by GEORGINE VERANO gverano@sph.com.sg Increasing Access to Education for Girls Women in Asia: Organised by the International Federation of University Women, the Increasing Access to Education for Girls Women in Asia: Solutions for Success is an interactive seminar for audiences to learn more about how the obstacles to
          131 words
      • Article, Illustration
        Lock icon Here to prove she’s no ‘one-hit wonder’
        571 31  -  By RACHEL LOI rachloi@sph.com.sg @RachelLoiBT WHEN German-born artist Stefanie Hauger took home US$35,000 after winning the 2013 UOB Painting of the Year title for Singapore and South-east Asia, the art world buzzed with criticism about the judges’ decision. Since Hauger had started her
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    • BOOKS
      • Article, Illustration
        Lock icon As many twists and turns off-page as on-page
        755 32  -  Readers gain when booksellers slug it out, report LESLIE KAUFMAN, ELIZABETH A HARRIS NYT LIKE any mystery novel expected to be a summer blockbuster, Robert Galbraith’s The Silkworm, released last Thursday, features shadowy subtext and crafty machinations but in this book’s case,
        NYT; PHOTO: AFP  -  755 words
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  • Page 32 Miscellaneous
    • Miscellaneous
      Lock icon Page 32 Miscellaneous Column 1
      371 32 CRYPTIC CROSSWORD Across 1 Outlaw supporting writer (9) 9 Drowning in drink is a very small animal (6) 10 Terribly late, one certain to be taking one’s time (2,7) 11 Knight hiding hesitation when approaching a mountain range (6) 12 The female copper thin or big and strong? (9) 13
      371 words