The Business Times, 28 June 2014

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Microfilm: NL33152
Total Pages: 41
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JUNE 28-29, 2014 S$1.00 MCI (P) 086/08/2013 SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon $4b lift-off for MediShield Life
    941 1  -  Govt accepts committee’s recommendations aimed at balancing affordable premiums with enhanced hospitalisation benefits By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE government will commit nearly $4 billion in financial support over five years to the revamped national health insurance scheme that will offer lifelong coverage and
    FILE PHOTO  -  941 words
  • Article
    Lock icon Sentosa condos feel the blues
    888 1  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore ABOUT two in five Sentosa condominium units have resold at a loss in the past year, symptomatic of the plight of luxury homes here, as financing restrictions put off buyers, industry watchers say. Since May last year, 31 units
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      37 1 the business www. usinesstimes.com. g JUNE THE RAFFLES CONVERSATION DEAN OF LKY SCHOOL OF PUBLIC POLICY KISHORE MAHBUBANI 8-9 DINING Gordon Ramsay to open restaurant in MBS l5 PERSPECTIVE WW1 and S’pore 26-27 LIVING Going solo L2-4
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  • TOP STORIES
    • Article
      Lock icon 6 local firms bag Thomson Line contracts
      419 2  -  The contracts worth $1 .4b account for 27% of the major civil contracts for Singapore’s sixth MRT line By Samuel Ee samuelee@sph.com.sg Singapore SIX local contractors and local joint ventures have snagged all of the nearly $1.4 billion worth of contracts awarded so
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    • MARKETS
      • Article
        Lock icon STOCKS
        60 2 HSTI 3,271.05 (-7.52) HSTI FUTURES 3,271.00 (-8.00) HSIMSCI 372.14 (-0.42) HSIMSCI FUTURES 372.10 (-0.50) STOCKS Friday Change KL COMP 1,880.93 -9.04 NIKKEI 225 15,095.00 -213.49 HANG SENG 23,221.52 +23.69 SET 1,483.24 +5.76 JAKARTA 4,845.13 -27.29 MANILA 6,842.15 -50.03 KOSPI 1,988.51 -6.54 SHENZHEN B 838.42 +2.61 MUMBAI IND 25,099.92 +37.25
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.297 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        50 2 FOREX US$ S$ US$ (S$ per US$) 1.249 (US$/S$ per 1.703 2.128 EURO (US$/S$/€ 1.362 1.702 Foreign currency per US$ S$ YEN 101.40 81.20 RM 3.212 2.571 HK$ 7.751 6.205 BAHT 32.47 25.99 RUPIAH 12,010 9,613 RENMINBI 6.217 4.976 INDIAN RUPEE 60.12 48.12 A$ 1.061 0.850 NZ$ 1.141 0.914
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    • Article
      Lock icon Affordability of MediShield Life premiums will not be an issue: PM
      441 3  -  The costs will be within each person’s Medisave contributions into their CPF accounts By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT New York City THE government will ensure that affordability “should never be an issue” when it comes to paying for the
      441 words
    • Article
      Lock icon Challenging task weaning employers off group plans
      518 3  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE MediShield Life Review Committee has called on the government to consider improving corporate tax incentives or providing grants to firms willing to switch to portable medical benefits that ride on MediShield Life for their employees. But
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    • Article, Illustration
      Lock icon How MediShield Life works
      884 4 1. Lifetime protection for all Covers all Singaporeans and permanent residents throughout their lives, regardless of financial situation. Included: 270,000, or 7% of, Singaporeans and PRs who are now uninsured under MediShield. Of these, a fifth (60,000) have pre-existing conditions. No exclusions: About 2% (65,000) of
      884 words
    • Article
      Lock icon US will lose out if TPP isn’t ratified: PM Lee
      654 5  -  He urges businesses to lobby Congress to ratify pact and show US commitment to region as an Asia-Pacific power Reports by Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT New York City THE negotiations are almost done and next up for the Transpacific Partnership
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    • Article, Illustration
      Lock icon Temasek Holdings opens new US office
      397 5 STAFF of Temasek Holdings, from the board members to their drivers, took part in a company-wide activity last month involving Bitcoin. In the experiment involving the digital currency, they learned how to make donations to their chosen charities from their Bitcoin wallets. The Singapore
      PHOTO: NEO XIAOBIN/THE STRAITS TIMES  -  397 words
    • Article, Illustration
      Lock icon NMP Teo Siong Seng is SBF’s new chairman
      614 6  -  21 new council members, including SGX chief, also join federation Reports by Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore NOMINATED Member of Parliament (NMP) and managing director of Pacific International Lines (Pte) Ltd, Teo Siong Seng, has taken the helm of Singapore’s apex business
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    • Article, Illustration
      Lock icon Outgoing chairman who transformed SBF
      728 6 “NO matter what we have done, we can always do more”, Tony Chew says, when asked to reflect on what he has achieved during his six years as chairman of Singapore’s apex business chamber, the Singapore Business Federation (SBF). The prominent businessman who is, among
      PHOTO: ARTHUR LEE  -  728 words
    • Article, Illustration
      Lock icon MyRepublic a My Headache for Big 3 telcos?
      830 7  -  NEWS ANALYSIS Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Correspondent LAST week, broadband upstart MyRepublic became a larger thorn in the side of the telco establishment. It announced ambitions to be Singapore’s fourth full-fledged telco and offer future subscribers unlimited mobile data bundles the very
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    • Article, Illustration
      Lock icon Womenomics is mere talk in Japanese society
      776 7  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE buzzword “womenomics” coined by Japanese Prime Minister Shinzo Abe to describe one element of his “Abenomics” policies may have a sexy ring to it, but unfortunately for him, what it has done is draw attention to the
      PHOTO: AFP  -  776 words
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      Lock icon Page 2 Advertisements Column 1
      50 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-12 S’pore Markets 12 Singapore 13-14 World Cup 16 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Dining L2-5 Destination Dining L6-7 Style L8-9 Living L10-12 Health L13 Motoring L14-15 Sports L16 Real Estate 31
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      Lock icon Page 3 Advertisements Column 1
      65 3 Over 600 Labels On Sale, 25 Labels On Tasting, Free Delivery for purchases above $800. Download our sale list at www.crystalwines.com DATE 29 June 2014, Sunday TIME 10am 6pm VENUE 491 River Valley Road #01- 02 Valley Point TASTING $10 per pax (Refundable with any purchase) CONTACT 6737 3540 or
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      16 5 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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      Lock icon Page 5 Advertisements Column 2
      226 5 THE SOUND VISION SPECIALIST The Headphone Bar Zik Parrot AKG FiiO RHA Shure KEF JAYS Audeze Audinst Earsonics Burson Westone Grade HiFiMAN Klipsch Cypher Labs Sennheiser ALO Audio WOO Audio Fischer Audio Ultimate Ears Harman Kardon Selection of over 200 models available irrot Zikmu y Zikmu Now: $2,388 I ■~Zikmu'Solo
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Political provocateur
      3055 8 / 9  -  Rated one of this year’s Top 50 world thinkers, Dean of the Lee Kuan Yew School of Public Policy, Kishore Mahbubani, will articulate what many believe is unsayable, lucidly and engagingly. By Vikram Khanna vikram@sph.com.sg “FULL of provocations some right, some wrong, but never boring.” That was the
      PHOTO: ARTHUR LEE  -  3,055 words
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  • COMPANIES
    • Article
      Lock icon World Cup leaves traders on the bench
      958 10  -  SGX average daily volumes hit a 12-year low By Cai Haoxiang, Raphael Lim haoxiang@sph.com.sg raphlim@sph.com.sg Singapore IF you have been trading the market this World Cup, you might be somewhat lonely. Trading volumes for the benchmark Straits Times Index (STI) have fallen by
      958 words
    • Article, Illustration
      Lock icon OCBC gets requisite nods for Wing Hang takeover
      175 10 Reuters Singapore OVERSEA-Chinese Banking Corp Ltd (OCBC) said all the pre-condi-tions to an agreement to buy Hong Kong’s Wing Hang Bank Ltd had been satisfied, as various regulators had given their blessing to the US$4.95 billion deal. OCBC, Singapore’s secondlargest lender, said
      Reuters; PHOTO: BLOOMBERG  -  175 words
    • Article
      Lock icon Great Eastern and shareholders unfazed by CEO’s resignation
      335 10  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore GREAT Eastern Holdings chairman Norman Ip’s predecessor had had five months before she had to find a new chief executive. Mr Ip has no such luxury. Less than three months into his appointment, current chief executive
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    • Article, Illustration
      Lock icon GLP beefs up plans for China, Japan, Brazil
      604 11  -  Global development start budget for FY201 5 has been raised by 38% to US$2.7b By Angela Tan angelat@sph.com.sg Singapore GLOBAL Logistic Properties (GLP) is stepping up its growth plans, notably in China, where companies are vastly underserved by an inefficient logistics and
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    • Article
      Lock icon Vibrant’s full-year profit up 11.2% on higher revenue
      346 11  -  BY Raphael Lim raph|im@sph.com.sg Singapore VIBRANT Group, formerly known as Freight Links Express, recorded an 11.2 per cent rise in full-year net profit on higher revenue. Earnings for the year ended April 30 were $42.7 million, or 1.72 cents per share, up
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    • Article
      Lock icon IPS Securex making Catalist debut
      290 11 Singapore THE trading of shares of IPS Securex Holdings Limited, a provider of security products and integrated security solutions, starts on Monday after all its placement units were subscribed. IPS Securex launched its initial public offering (IPO) with a placement of 12 million new shares
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    • Article
      Lock icon Popular full-year profit down 54.5%, revenue up
      280 11  -  By Sheena Tan tsheena@sph.com.sg Singapore POPULAR Holdings posted a full-year net profit of $10.6 million, a drop of 54.5 per cent, despite revenue inching up. The sharp bottom line drop for the 12 months ended April 30 was mainly due to an overall
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    • Article, Illustration
      Lock icon Penny stocks, takeover talks help traders in a quiet market
      720 12  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent SECOND- and thirdline action continued to provide the main focus for traders here this week, as blue chips failed to make much headway possibly because of an unconvincing Wall Street, but also because
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    • Business briefing
      • Article
        Lock icon Jackspeed Corp sells Loyang factory for $6.5m
        50 12 JACKSPEED Corporation is selling its leasehold factory at Loyang Drive for $6.5 million, as part of ongoing efforts to redeploy capital more efficiently. The leather and car accessories distributor signed an option to purchase agreement with buyer Tan Soon Huah Gas Supply yesterday.
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      • Article
        Lock icon ICP buys stake in Aussie coal firm for A$3m
        49 12 ICP is buying a 20 per cent stake in Australian coal exploration company Tiaro Coal for A$3.05 million (S$3.6 million), and selling off its 17 per cent stake in another Australian gold exploration company, Mount Adrah Gold, for A$2 million.
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      • Article
        Lock icon SMJ’s Catalist IPO fully subscribed
        71 12 SMJ International Holdings said yesterday its initial public offering of20.24 million shares –14 million new shares and 6.24 million vendor shares has been fully subscribed or purchased. Anchor investors who have been allotted 5 per cent or more of the placement shares are Hafary Holdings,
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    • Article
      Lock icon STI STOCKS
      121 12 Stock name Oose Orange Ascentias fteir gagi CapifcaLand 3-?in •0010 CapttaWtell Trus I 1.970 -&02Q GtyDev IDAIO •0.09(1 ComMiDelGro 2.500 +0.010 DBS Grp 16.910 -D.05U GenHngSIng i torn -0005 Global Logistic iwo golden Agn- fifes 0565 HPM Trust USD 0 720 -0 005 HongkongLamj USD 6-69D •0010 400
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    • Article
      Lock icon MAS ‘encouraging’ rating of bonds
      305 12 IFR Singapore SINGAPORE’S capital markets are set for more rated bond issues as the city’s regulator considers ways to promote transparency and deepen the business. The Monetary Authority of Singapore has raised the issue in recent discussions with market participants, according to multiple sources. Although
      IFR  -  305 words
    • Article
      Lock icon TOP 20 ACTIVES
      215 12 VOL CLOSE Po l aris 105 ,100 2 .2 0 .4 22 .2 PNEMicron 68 ,480 4 .7 0 .9 23 .7 Mirach Energy 64 ,593 20 -1 .5 -7 .0 Oceanus 50 ,875 2 .1 0 .2 1 0 .5 Compact Metal 45 ,641 4 .3
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    • Article
      Lock icon TOP GAINERS
      67 12 TOP GAINERS BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 112.4 0.6 DBXT AUDCS 5SG$ ***** 104.0 0.4 Lyxor ThaiSET 10US$ ***** 98.7 0.6 DBXT iBoxxUSTr 5US$ ***** 53.7 0.2 GLD 10US$ ***** 50.0 0.3 DBXT AUDCS 5US$ ***** 41.2 0.2 DBXT MSAsExJp 10US$ 3582 27.5 0.6 DBXT
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    • Article
      Lock icon TOP LOSERS
      64 12 BY CENTS CLOSEDOWN DBXT MSKorea 10US$ 6388 -111.2 -1.4 JMH 400 USD 6000 -96.2 -1.3 JSH 500 USD 3650 -65.0 -1.4 DBXT MSJAP 10US$ 4726 -30.0 -0.5 DBXT FTVietnam 10US$ 2721 -17.5 -0.5 DBXT MSUSA 10US$ 4882 -16.2 -0.3 DBXT E50 10US$ 5515 -15.0 -0.2 Great Eastern 2206
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  • SINGAPORE
    • Article, Illustration
      Lock icon BigPack could mean big boost for big data
      470 13  -  Pioneer consortium looking to nurture and inspire more big data start-ups and solutions in Singapore By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT BIG data recently spotlighted as the next frontier for innovation and productivity in Singapore may soon be in for a timely boost,
      BT Graphics: Jennifer Chua, Jacquelyn Cheok; Source:  -  470 words
    • Article
      Lock icon First reading of Haze Bill on July 7
      391 13  -  By Raphael Lim raphlim@sph.com.sg THE Transboundary Haze Pollution Bill, which provides for civil and criminal liability of entities that cause haze in Singapore, will be tabled in Parliament next month, said Environment and Water Resources Minister Vivian Balakrishnan. He announced this during
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    • Article
      Lock icon Work on Afton’s US$100m plant underway
      470 14  -  Production of commercial detergents at the Jurong facility scheduled to commence in 2016 By Ronnie Lim ronnie@sph.com.sg US petroleum-additives maker Afton Chemical is starting construction of its US$100 mil-lion-plus plant here, making it the latest investment under the lubricants “leg” Singapore is building in
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    • Article, Illustration
      Lock icon Psiber develops new IT cable tester
      435 14  -  By Lester Wong lesterw@sph.com.sg THEY may all look the same from the outside, but network cables have had to evolve in order to keep up with rising bandwidth needs, especially with the advent of data analytics and high-speed broadband. The devices used to test
      PHOTO: ARTHUR LEE  -  435 words
    • Article
      Lock icon Singapore is global capital for MICE events for 7th year
      333 14 SINGAPORE is still the place for businesses looking to host events and meetings, it would appear. For the seventh year running, a global ranking by the Union of International Associations (UIA) has named Singapore the top city for events and
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  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      62 13 SINGAPORE —SWEEP— 1 ST PRIZE $2,300,000 2ND prize 3 rd PRIZE $500,000 $250,000 9 sets of 2D winning numbers (315,000 prizes, each $6) A 1 SINGAPORE —SWEEP D r W Da«:W^.Y.2Ju^ 2014*7 H2B S3S*****.68 DRAW ON WEDNESDAY, 2 JUL 2014 P L Always play with care. /f responsibiyj Do not
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      144 15 7 he Business Times Wine Challenge 2014 CEOs’ Choice awards, in partnership with UBS, are ripe for the picking. In our quest for 10 top-notch vintages, we are tapping the expertise of a panel of CEOs, all well-regarded wine connoisseurs in their own right, as well as international wine judge
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  • WORLD CUP 2014
    • Article, Illustration
      Lock icon The BT-Coca-Cola World Cup Charity Drive
      461 16 Brazil vs Chile (12mn) JUNE 29 Gill McLaren General Manager, Singapore, Malaysia and Brunei, Coca-Cola Singapore ‘It was great to see Brazil topping Group A, with so many goals scored. They will need to keep uptheirguard against Chile, who will be keen to beattheirSouth
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    • Article
      Lock icon Dutch to face stern test from spirited Mexico
      463 16  -  COMMENTARY By Leong Kok Fann ~The writer is managing director of SHL Talent Measurement Solutions Corporate Executive Board; chairman of Geylang United and and former Singapore national team midfielder THE Netherlands has topped Group B with three convincing victories and has sent
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  • WORLD
    • Article, Illustration
      Lock icon Distressed funds seeking more money in China
      686 17 Corporate borrowing last year rose to US$14.2t, higher than America’s US$1 3.1 t Bloomberg Singapore DISTRESSED debt funds are raising cash to seek greater opportunities in China, where Standard Poor’s says corporate borrowing topped the US last year. Planned commitments to funds investing
      Bloomberg; PHOTO: REUTERS  -  686 words
    • Article
      Lock icon EU may tariff Chinese steel
      280 17 Bloomberg Kortrijk, Belgium THE European Union threatens to impose tariffs on stainless steel from China and Taiwan to curb competition for EU producers including ArcelorMittal and ThyssenKrupp. The EU has began an inquiry into whether Chinese and Taiwanese exporters of cold-rolled flat products sold them
      Bloomberg  -  280 words
    • Article
      Lock icon Alibaba to use ‘BABA’ on NYSE
      196 17 AFP New York ALIBABA will list its shares on the New York Stock Exchange (NYSE) under the trading symbol “BABA”, the Chinese e-commerce giant said on Thursday. In the latest update for its huge initial public offering, Alibaba still left out some key information
      AFP  -  196 words
    • Article
      Lock icon Sharp drop in Japanese household spending
      597 18  -  Inflation rises with April 1 consumption tax hike, unemployment falls By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE official data released yesterday showed the world’s third largest economy suffering a much sharper slump in household spending than expected. Consumer price inflation, meanwhile, rose significantly following the
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    • Article, Illustration
      Lock icon Thai pension fund to boost foreign stock holdings, hiring of investment staff
      542 18 Bloomberg Bangkok THAILAND’S Social Security Office (SSO), the nation’s biggest money manager, plans to double its investment staff as it adds international stocks for the first time to boost returns. The SSO, which manages about 1.1 trillion baht
      Bloomberg; PHOTO: BLOOMBERG  -  542 words
    • Article, Illustration
      Lock icon Australia to consider national probe on CBA
      531 19 Bank is facing allegations of forgery, fraud and cover-ups AFP Sydney AUSTRALIA said yesterday that it would consider calls for a national inquiry into a major financial scandal at the country’s biggest listed firm, but would not rush a decision. Prime Minister Tony
      AFP; PHOTO: AFP  -  531 words
    • Article
      Lock icon Trade protectionism starting to level off: World Bank
      235 19 Reuters Washington BARRIERS to imports in major economies are starting to recede after a rash of protectionism during the global financial crisis, World Bank figures showed on Thursday. Group of 20 countries had fewer anti-dumping duties and other barriers to imports in
      Reuters  -  235 words
    • Article
      Lock icon Gina Rinehart keeps top spot in Aussie rich list
      307 19 AFP Sydney MINING magnate Gina Rinehart had A$2.01 billion (S$2.36 billion) wiped off her fortune in the past year but remains Australia’s wealthiest person, an annual rich list showed yesterday. The tycoon, head of resources giant Hancock Prospecting, saw her wealth
      AFP  -  307 words
    • Article, Illustration
      Lock icon Consumers more optimistic about economy
      426 20 June sentiment index rises on better job opportunities, record stock prices and higher property values latest us data Bloomberg Washington CONSUMER sentiment improved in June as higher stock prices and an improving labour market helped bolster Americans’ views of the economy. The Thomson Reuters/University of
      Bloomberg; PHOTO: BLOOMBERG  -  426 words
    • Article
      Lock icon Juncker picked for EC presidency
      321 20 Reuters Brussels EUROPEAN Union (EU) leaders nominated Jean-Claude Juncker, the former prime minister of Luxembourg, as president of the bloc’s executive body, the European Commission (EC), at a summit yesterday despite strong objections from Britain. British Prime Minister David Cameron, facing calls at home to
      Reuters  -  321 words
    • Briefing
      • Article
        Lock icon World Bank sees Malaysian economy expanding 5.4%
        52 20 Reuters Kuala Lumpur Malaysia’s economy is expected to expand 5.4 per cent this year, picking up from growth of 4.7 per cent in 2013, as brightening exports outweigh an easing of domestic demand as fiscal and monetary tightening take effect, the World Bank
        Reuters  -  52 words
      • Article
        Lock icon Deutsche Bank, ECE in talks to buy Palais Quartier complex
        47 20 Bloomberg BerlinDeutsche Bank AG and ECE Projektmanagement GmbH, Germany’s largest shopping-cen-tre operator, are in talks to buy the Palais Quartier complex in Frankfurt for over 800 million euros (S$ 1.4 billion) from Rabobank Groep, sources said. Bloomberg
        Bloomberg  -  47 words
      • Article
        Lock icon ECB to take two Russian banks under its watch
        63 20 Reuters FrankfurtThe European Central Bank (ECB) will supervise the subsidiaries of Russia’s two largest banks in Austria, giving supervisors in Frankfurt unprecedented insight into their activities in Europe. The ECB said yesterday that Russia’s biggest bank, Sberbank, and No 2, VTB
        Reuters  -  63 words
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  • Page 19 Advertisements
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      77 19 HOT PROPERTY M WmMWmmi I 32 F,fr TH AVE o b^s^en? l 5 T h P GCa 2sty U /SOSO 6 sf 5 15*9 appreciate. View to SIXTH AVE F'Hm n c Brand New w PtePonf/TS 5Rm 8 Bath 49xxsf $5j<M Face park, Bu*"* 2 £”p e rms. Well kept.
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8129 21 Transaction date: Jun 27 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.3 10.4 8Telecom 12.5 11.1 12.5 6.3 1 16.2 59.9 20 5.1 A-Sonic Aero 8.1 unch 277 8.2 8.1 8.1 8.2
      8,129 words
    • Article
      Lock icon SGX CATALIST
      1991 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32 23 t 3Cnergy 500 29.5 29.5 29.1 28.5 19.2 t 800 Super 26.5 23.5 26.5 3.2 3.8 8.3 47.4 4.5 3 t AA 3.4
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 3 0 0 0 5 7 3 Manufacturing 37 51 40 12 7 5 49 58 45 Commerce 18 17 26 7 3 4 25 20 30 Tpt/Stor/Comms 15 13 13
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      825 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 23 Stock Trans oatci Substantial Shareholder/ Director 8u> Sell Conv No of Shares ooo Price Per Shr 3 Before (-000) SMAREHOLD 4NG After (■000) «r Group 2e*Jm v -i4 f -ih vvp® fyteng "Buy 3cor« 0.23 mwoo *****CO •:wc
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,870 11,870 38,054 38,054 Manufacturing 347,841 280,874 628,715 97,754 25,600 123,354 Commerce 116,772 121,178 237,950 60,743 12,149 72,892 Tpt/Stor/Comms 66,845 3,523 70,368 95,437 445 95,882 Finance 20,943 825 21,768 119,490 266 119,757 Construction 25,334 38,190
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Jun 26 COCOA (£/tonne) Close Prev High Low Jul 14 1942 1950 1954 1937 Sep 14 1909 1920 1926 1906 Dec 14 1893 1903 1908 1889 Mar 15 1886 1896 1901 1883 COFFEE(US$/tonne) Close Prev High Low Jul 14 2008 1994 2010 1985 Sep 14 2027 2016 2029 2008
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    • Article
      Lock icon METALS
      66 25 Jun 27 GOLD(US$/oz) Jun 27 Jun 26 Hong Kong 1320.00 1316.00 Jun 26 Jun 25 London 1313.50 1318.36 1314.85 1319.04 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 26.82 26.05 Source: UOB PLATINUM Lon (US$/oz) Jun 26 Close Previous PM Fix 1466.00 1459.00 AM Fix 1460.00 1458.00 Source:
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Jun 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.205 1.148 Can dollar 1.190 1.145 Euro 1.741 1.659 Sterling pound 2.168 2.085 NZ dollar 1.123 1.080 US dollar 1.274 1.214 Local dollars to 100 units of foreign currency: Currencies Sell
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        21 25 YTD change: +3.27% 52-week high: 3,311.44 on June 9, 2014 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 25 YTD change: -0.36% 52-week high: 24,111.55 on Dec 2,2013 52-week low: 20,119.56 on July 3,2013 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        22 25 YTD change: -3.76% 52-week high: 2,270.27 on Sept 12, 2013 52-week low: 1,925.65 on June 28,2013 Source: Bloomberg
        Source: Bloomberg  -  22 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 25 YTD change: -7.34% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 12,873.50 on June 27,2013 Source: Bloomberg
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        26 25 YTD change:+1.63% 52-week high: 16,978.02 on June 20,2014 52-week low: 14,719.43 on October 9, 2013 (Chart shows Thursday’s index closing) Source: Bloomberg
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      Lock icon PALM OIL
      57 25 Jun 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2477.0 2468.0 2479.0 2463.0 300 2023 Aug 14 2478.0 2462.0 2479.0 2454.0 1998 ***** Sep 14 2469.0 2445.0 2469.0 2436.0 ***** ***** Oct 14 2474.0 2445.0
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      Lock icon GOVERNMENT SECURITIES
      80 25 Jun 27 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-16 101.28 5-Year NX*****W 2.5 01-Jun-19 106.22 106.30 106.19 10-Year NX*****H 2.750 01-Jul-23 103.4 103.70
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      Lock icon INTERBANK CURRENCY RATES
      155 25 Jun 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1767 1.1774 0.9420 0.9423 Canadian dollar 1.1679 1.1690 0.9355 0.9350 Euro 1.7011 1.7019 1.3619 1.3621 NZ dollar 1.0941 1.0952 0.8759 0.8765 Sterling pound 2.1271 2.1280 1.7029 1.7031
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      Lock icon CHICAGO BOT
      105 25 Jun 26 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 14 1437.00 1415.75 1438.75 1415.00 Aug 14 1381.75 1361.75 1382.75 1360.25 Sep 14 1279.75 1265.50 1281.75 1266.75 Nov 14 1244.25 1229.00 1246.25 1227.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 14 40.51 40.65 40.89
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      Lock icon OIL
      68 25 Jun 26 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 113.40 -0.37 WTI (Near Mth) 105.62 -0.89 Dubai (1-Mth F) 109.80 0.17 Tapis blend 116.21 -0.02 Minas 111.81 -0.02 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.39 -0.22 Jet Kerosene 123.13 -0.35 US$/barrel OpecOil Basket Price 109.39
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      Lock icon LONDON METALS
      72 25 Jun 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1862.25 1866.00 3 months 1897.00 1900.00 Copper, Grade A (US$/tonne) Cash 6986.50 6938.00 3 months 6955.00 6915.00 Lead (US$/tonne) Cash 2145.75 2137.25 3 months 2174.00 2167.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jun 26 Index Change Change Change Change Change Change World Preliminary 1231.9 -0.2 4.0 -0.2 3.4 -0.2 4.4 EAFE Preliminary 970.0 0.0 1.4 0.0 1.5 0.0 2.5 Europe Preliminary 1393.7 -0.2 2.9
      373 words
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  • PERSPECTIVE
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      Lock icon The First World War and S’pore
      1516 26 / 27  -  There are many not so well known aspects of how the conflict had an impact on Singapore. By John Gee By John Gee ~The writer is a Singapore-based freelance writer SINGAPORE was most directly touched by the First World War when, in February 1915,
      ST FILE PHOTO  -  1,516 words
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      338 26 / 27 CRYPTIC CROSSWORD Across 1 Trophy’s displayed over Los Angeles Dome (6) 4 Appropriate type of modern art (8) 10 French artist delivers shock before time (5) 11 Peacekeeping organisation p-put forward without resistance (9) 12 Shocked in the style of jolly editor (7) 13 Exit stamp describing desperate effort (2-2-3)
      338 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Strong fundamentals driving Asean bourses
        1120 28 / 29  -  The region offers higher long-term earnings growth prospects, underpinned by favourable demographics, rising infrastructure investment and reform potential Pauline Ng ~The writer is portfolio manager, head of Asean team, pacific regional group, JP Morgan Asset Management ASEAN markets have bounced back and are among the
        PHOTO: FREEIMAGES  -  1,120 words
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        Lock icon BROKER’S TAKE
        746 28 / 29  -  Compiled by Teh Shi Ning Telcos StarHub, June 27 close: $4.20 SingTel, June 27 close: $3.89 HSBC Global Research June 27 BRANCHING out after causing ripples in fibre broadband: According to The Straits Times erstwhile fibre broadband start-up MyRepublic (not listed) has expressed plans to launch 4G mobile
        746 words
    • WEALTH REAL ESTATE
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        Lock icon Househunt
        1220 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAY 14 AND MAY 20, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 19/05/2014 99 452 1082 2393 District 3 NON-LANDED Alex Residences
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        Lock icon City Gate developers mum about pricing
        499 31  -  Unit sizes on the low side with one-bedders starting from 431 sq ft By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT WORLD Class Land, a unit of listed Aspial Corporation, and Fragrance Group will today open the doors to their City Gate project’s showflat at its Keypoint
        499 words
      • Article
        Lock icon China new home sales fall 23% in H1: survey
        388 31 Reuters Beijing SALES of new homes in China dropped 23 per cent in the first six months of 2014 from a year ago, a private survey showed yesterday, underlining a sustained downturn in the housing market after a weak start to
        Reuters  -  388 words
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        Lock icon Ghost buildings mar China’s Manhattan
        586 31 Bloomberg Beijing CHINA’S project to build a replica Manhattan is taking shape against a backdrop of vacant office towers and unfinished hotels, underscoring the risks to a slowing economy from the nation’s unprecedented investment boom. The skyscraper-filled skyline of the Conch Bay district in the
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      91 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. IN 1993, AUDEMARS PIGUET CHANGED THE WORLD OF THE SPORTS WATCH FOREVER. THE POWERFUL ARCHITECTURE OF THE ROYAL OAK OFFSHORE BECAME THE ULTIMATE STATEMENT IN PERFORMANCE HAUTE HOROLOGY. THE 2014 ROYAL OAK OFFSHORE COLLECTION MOVES THE GAME ON ONCE MORE; THE
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      74 1 THE BUSINESS TIMES WEEKEND JUNE 28 29 2014 BT Living DINING Gordon Ramsay hightails it to MBS L5 GOING SOLO F&B personalities ditch safe havens to call the shots L2-4 STYLE Grooms wear the pants L8-9 PHOTO-MONTAGE OF: (FROM LEFT) DARREN FARR, PAUL LONGWORTH DARIO NOCENTINI LIVING Click with event
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  • BT Living
    • DINING
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        Lock icon Carving their own niche
        2764 2 / 3  -  A leading role in a big brand name restaurant may seem like every F&B staffer’s dream, but three food and beverage personalities tel l Debbie Yong why they decided to ditch safe havens to go solo Debbie Yong debyong@sph.com.sg @DebbieYongBT Paul Longworth Rhubarb le Restaurant 3
        PHOTO: DEBBIE YONG  -  2,764 words
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        Lock icon Food and fun feature in Ramsay’s debut eatery
        1244 5  -  It’s official. Gordon Ramsay will open his first restaurant in Singapore called Bread Street Kitchen. Jaime Ee travels to London to speak with his business partner Stuart Gillies about their Asian expansion plans, and how the company has traded its troubled past
        PHOTOS: GORDON RAMSAY GROUP  -  1,244 words
    • DESTINATION DINING
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        Lock icon Perfection in simplicity
        1371 6 / 7  -  With his flagship L’Enclume voted best restaurant in Britain and his newly opened Fera in one of London’s swankiest hotels, Simon Rogan has attracted fame as well as criticism. He talks to Jaime Ee about the pressures of living up to high expectations Jaime Ee IF Simon
        PHOTOS: JOHN ARANDHARA-BLACKWELL  -  1,371 words
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        Lock icon Healthy take on casual dining at Chiltern Firehouse
        785 6 / 7  -  By Jaime Ee jaime@sph.com.sg @JaimeEeBT WHEN in Rome, do as the Romans do. What, we don’t know. But in London, they’re all going to Chiltern Firehouse and ordering a double helping of bragging rights with fries. Who would have thought that an
        PHOTOS: NICHOLAS KAY, TIM CLINCH, JAIME EE  -  785 words
    • STYLE
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        Lock icon Suit yourself
        1292 8 / 9  -  No longer satisfied with a rental three-piece from the bridal studio, grooms-to-be are wearing the pants sartorially when it comes to picking out ensembles for their big day. By May Yip By May Yip RUMOUR has it that Kanye West was the egomaniacal mastermind behind what has become
        PHOTOS: ASSEMBLY & CO, DYLAN & SON, MUSICMOVEMENT.COM.SG, PIMABS  -  1,292 words
    • LIVING
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        Lock icon CLICK WITH EVENT-PLANNING
        1882 10 / 11  -  Event-planning for anything from a wedding, an exhibition or a staged gig is now a breeze online. BT Weekend susses out the go-to sites that take the legwork and guesswork out of planning for that big day By Rachel Loi rachloi@sph.com.sg @RachelLoiBT Venuerific www.venuerific.com/sg Tasked with booking
        PHOTOS: VENUERIFIC  -  1,882 words
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        Lock icon Get chauffeured in a luxury marque
        687 12  -  By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Uber www.uber.com/cities/singapore App is available from Apple App Store and Google Play IT is 9am on a rainy Tuesday morning, and you are running late for an event. The cab booking line is constantly engaged, and there are
        PHOTOS: UBER, FILE  -  687 words
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        Lock icon Deliveries to keep you in high spirits
        433 12  -  By Rachel Loi rachloi@sph.com.sg @RachelLoiBT Asher http://www.asherbws.com FORGOT the alcohol while planning a party? Accidents happen but fret not, there’s asherbws.com an online alcohol delivery service that was started by 24-year-old Triston Ong last December. He got the idea for the business because
        433 words
    • HEALTH
      • Article, Illustration
        Lock icon Testing women for heart artery disease
        1530 13  -  Women who have heart artery disease are often under diagnosed as they usually do not display typical symptoms Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the British Medical
        FILE PHOTO  -  1,530 words
    • MOTORING
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        Lock icon CROSS OVER TO SUZUKI
        554 14  -  Suzuki returns to the small SUV segment with the S-Cross compact crossover. By Samuel Ee samuelee@sph.com.sg THE Suzuki brand doesn’t always produce a winner but occasionally, it does manage to roll out a small but clever car. Take, for example, the Wagon R and Swift a
        554 words
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        Lock icon CONTINENTAL SHIFT
        634 15  -  The Bentley Continental GT Speed Convertible is super fast yet super refined. By Samuel Ee samuelee@sph.com.sg “PUFFERY” in advertising was one of the more interesting highlights in a recent court case over an ultra-luxu-ry limousine but when it comes to the Bentley Continental GT Speed Convertible, it is
        634 words
    • SPORTS
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        Lock icon What’s up at the World Cup so far
        849 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent WE are at the halfway mark of a quite enthralling World Cup in Brazil. All 48 group games have been completed, and the tournament is now in the crucial knockout stage. For the 16
        PHOTOS: AFP  -  849 words
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      817 4 wine& dine with BTWeekend Great Singapore Sale Package Marina Mandarin Singapore 6 Raffles Boulevard Stay at Marina Mandarin Singapore from now to July 31, with 5% off best available rates. Enjoy the attractions and extraordinary view of Marina Bay area as you shop to your heart’s content. Package includes complimentary
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