The Business Times, 15 July 2014
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2014-07-15
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The Business Times
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Title Section25 2014-07-15 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, July 15, 201425 words
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Article, Illustration859 2014-07-15 1 KELLY TAY - Many economists downgrade full-year GDP forecasts to around 3.5% By KELLY TAY kellytay@sph.com.sg@KellyTayBT [SINGAPORE] It’s no longer wait-and-see. Economists have started downgrading their full-year GDP growth forecasts, after disappointing Q2 numbers dragged down by manufacturing’s lacklustre performance caught out the market yesterday. AndSource: Ministry of Trade and Industry (MTI) - 859 words
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MARKETS DIGEST
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Article65 2014-07-15 1 HST INDEX 3,290.98 (-2.75) HST INDEX FUTURES 3,288.00 (-2.00) GSIMSCI 375.09 (+0.02) GSIMSCI FUTURES 375.00 (+0.70) US$ S$ US$ (S$ per US$) 1.240 (US$/S$ per 1.712 2.123 EURO (US$/S$/€ 1.363 1.690 Foreign currency per US$ S$ YEN 101.50 81.90 RM 3.179 2.564 HK$ 7.750 6.251 BAHT 32.13 25.91 RUPIAH65 words
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Article49 2014-07-15 1 Monday Change KL COMP 1,884.87 +1.72 NIKKEI 225 15,296.82 +132.78 HANG SENG 23,346.67 +113.22 SET INDEX 1,529.23 +11.22 JAKARTA COMP 5,021.06 -11.54 MANILA COMP 6,830.37 -70.72 SEOUL COMP 1,993.88 +5.14 SHENZHEN B 888.10 +7.41 MUMBAI IND 25,006.98 -17.37 12 noon EDT Change DOW 17,076.07 +132.26 NASDAQ 4,445.02 +29.5349 words
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Article20 2014-07-15 1 SINGAPORE 5.35 MALAYSIA 6.55 TAIWAN 5.00 INDONESIA KOREA TAIWAN 5.036 JAPAN CANADA KOREA 9.33 INDIA 0.50 Source: Bloomberg20 words
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Article, Illustration711 2014-07-15 1 JAMIE LEE - BY JAMIE LEE |eejamie@sph.com.sg @JamieLeeBT [SINGAPORE] Goliath, meet David. Banks that are already struggling to keep up with regulatory costs have to keep an eye on competition from a new breed of lenders that are fleet-footed and have technology on their side, saidPHOTO: REUTERS - 711 words
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Page 1 Advertisements
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Advertisement160 2014-07-15 1 PROPERTY Non-residential deals to remain active in H2 SME Inc Construction firm grows new wings PAGE 14 PAGE 32 COMMENTARY Need to broaden scope of US foreign policy debate PAGE 24 SPECIAL FEATURE Customer Satisfaction Index of Singapore PAGES 10 11 *****1 11 *****4 Cartier CALIBRE DE CARTIER DIVER MANUFACTURE160 words
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TOP STORIES
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Article, Illustration403 2014-07-15 2 MALMINDERJIT SINGH - It already lists over 16,000 positions with about half targeted at PMEs By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT [SINGAPORE] Singapore’s first national jobs bank website was officially launched yesterday catering to local job seekers. The Jobs Bank, first announced by the Ministry of ManpowerPHOTO: DESMOND LUI/ THE STRAITS TIMES - 403 words
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483 2014-07-15 2 LYNETTE KHOO - Deal volume up but still far below year-ago numbers By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] Resale prices of private condos dipped further last month to a low since December 2012, despite an increase in resale volumes. This could be due to483 words
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446 2014-07-15 2 KELLY TAY - By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] After a sharp contraction in electronics output pulled manufacturing’s second quarter performance down which in turn weighed heavily on Q2 GDP growth economists are hoping for more clarity from Singapore’s Economic Development Board (EDB) on this year’s446 words
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Article313 2014-07-15 2 Q2 grows 2.1% as manufacturing slows ECONOMISTS have started downgrading their full year GDP growth forecasts, after disappointing Q2 numbers caught out the market yesterday. FRONT PAGE Banks facing new breed of lenders BANKS have to keep an eye on competition from a new breed of lenders that313 words
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Article, Illustration612 2014-07-15 2 S JAYASANKARAN - By S JAYASANKARAN By in Kuala Lumpur FITCH Ratings yesterday warned that a proposed merger between CIMB Group, RHB Capital and non-bank lender Malaysia Building Society (MBSB) posed challenges and risks for the new group amid a complex integration process. On Thursday, theREUTERS FILE PHOTO - 612 words
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650 2014-07-15 2 MICHELLE QUAH - CITY HARVEST TRIAL By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] “The point about the Crossover Project is that if you are trying to have an outreach strategy to convert people, they shouldn’t be able to know that it’s part of a church mission.” That650 words
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Article, Illustration676 2014-07-15 4 LEE U-WEN - Klose only player above 30 in young team COMMENTARY LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT Correspondent MARIO Goetze’s exquisite extra-time goal yesterday not only ensured Germany were crowned world champions for a fourth time, but that brilliant volley also confirmed that football was witnessing a shift676 words
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Article, Illustration445 2014-07-15 4 MIKE CHUA - By MIKE CHUA chuamc@sph.com.sg [SINGAPORE] The monthlong BT-Coca-Cola World Cup Charity Drive had its climactic end with the “live” screening of the finals at the Marina Bay Sands (MBS) yesterday morning. Some of the participating CEOs and their guests gathered at the hotel’s plush445 words
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Article, Illustration428 2014-07-15 4 WORLD CUP 2014 World Cup is over and the Germans have been crowned champions. But we at The Business Times are having withdrawal symptoms and refuse to accept that the extravaganza is over. So, here we are, setting up a panel of football junkies toBT Graphics: Simon Ang - 428 words
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Article, Illustration369 2014-07-15 4 ROBERT COLE - German soccer glory predictable with luck REUTERS BREAKINGVIEWS By ROBERT COLE [LONDON] Brazil’s World Cup was first-rate entertainment thanks to its many surprising results. For its part Breakingviews, also somewhat surprisingly, predicted that Germany would win the competition as long ago as last Christmas. Many media pundits, and some respected369 words
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590 2014-07-15 4 Bloomberg [FRANKFURT] As German captain Philipp Lahm raised the World Cup trophy in Rio de Janeiro’s Maracana stadium for a historic fourth championship title, he and each of his team-mates were 300,000 euros (S$507,020) richer. The reward from Germany’s DFB football association forBloomberg - 590 words
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Page 2 Advertisements
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Advertisement24 2014-07-15 2 cassina.com I 1 Design first. “Toot" by Piero Q p p yy 456 River Valley Road Singapore 248 342 Tel. +65 6235 0220 www.dream-int.com24 words
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Page 3 Advertisements
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Advertisement188 2014-07-15 3 r. a (4 A TEST DRIVE IS ALL IT TAKES TO TURN DRIVERS INTO FANS. LEXUS GS, EXCEEDING EXPECTATIONS, Lexus engineers travelled the equivalent of 26 times around the Earth to create the ideal driving feel, Delivering an invigorating V6 engine and precise handling through its track-honed chassis, the award-winning188 words
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COMPANY NEWS
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592 2014-07-15 5 CLAIRE HUANG - But Reit prices may perform well amid growing appetite for yields By CLAIRE HUANG huangjy@sph.com.sg THE World Cup may be over but another kind of fever is heating up in Singapore as companies enter the earnings season. Starting this week until end-August, a592 words
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337 2014-07-15 5 RAPHAEL LIM - It has to complete deal by end Aug or club deal with banks will be off By RAPHAEL LIM raphlim@sph.com.sg LOSS-MAKING airport logistics services company Pteris Global will hold an extraordinary general meeting on Wednesday next week regarding its proposed337 words
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599 2014-07-15 5 CAI HAOXIANG - By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT AFTER an abortive attempt to become an Iskandar property developer, Catalist-listed Jubilee Industries Holdings is now poised to expand downstream in the electronics business that it was originally in. Supported by major shareholder WE Holdings, it will buy599 words
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453 2014-07-15 7 CAI HAOXIANG - By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT A DISPUTE over a last-minute share subscription offer from another firm had led to an independent director resigning from printing firm Craft Print International. Choo Boon Tiong, who had been with Craft Print since 2007, resigned as independent453 words
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307 2014-07-15 7 Bloomberg [TOKYO] Noble Group Ltd, Asia’s largest commodity trader by sales, formed an energy venture with private equity firm EIG Global Energy Partners LLC to invest in assets worldwide. The venture, Harbour Energy Ltd, will own and operate energy extractionBloomberg - 307 words
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163 2014-07-15 7 JOYCE HOOI - By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT ST AEROSPACE, the aerospace arm of Singapore Technologies Engineering (ST Engineering), won new contracts worth $520 million in the second quarter of this year. These contracts include a five-year agreement with a regional US airline for163 words
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Article637 2014-07-15 7 CAI HAOXIANG - BT Random Fund is up 21.7% for H1; it even jumped to 43% at end of last week By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT OH, hi there. Err, remember that little matter of, umm, our own random fund. We are feeling somewhat like Germany after their637 words
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Article, Illustration349 2014-07-15 8 SIOW LI SEN - It will provide credit facilities to fund China-based D&Y Group’s expansion By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT UNITED Overseas Bank (Malaysia) Bhd is financing a China-based company to build a plant in Johor, Malaysia, the bank said yesterday. Last Friday, the bank, wholly349 words
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COMPANY BRIEFS
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Article80 2014-07-15 8 ORNAMENTAL fish farm Qian Hu Corp reported a 73.5 per cent drop in net profit to $22,000 for its second quarter ended June 30. Higher resin prices forced Qian Hu to increase the selling prices of their plastic products, resulting in lower sales. The80 words
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61 2014-07-15 8 OXLEY Malaysia, a wholly owned unit of Oxley Holdings, has agreed to terminate its acquisition of TCK Capital Sdn Bhd (TCK). TCK’s proposal to buy a piece of land in Kuala Lumpur has been “cancelled by the Malaysian government”, Oxley Holdings said. A deposit of61 words
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58 2014-07-15 8 AN independent expert’s report has deemed Frasers Centrepoint’s offer for Australand “fair and reasonable”. It ascribed a value for Australand in the range of A$4.22 to A$4.54, compared to Frasers Centrepoint’s offer of A$4.48 per stapled security. Australand’s directors have recommended security holders accept the58 words
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58 2014-07-15 8 SEMBCORP Industries (Sembcorp) has raised its stake in Thermal Powertech Corporation India (TPCIL) from 49 per cent to 65 per cent. The additional investment is about Rs 400 crores (S$83.7 million), from internal funds and borrowings. The remaining 35 per cent is owned by58 words
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64 2014-07-15 8 LIONGOLD Corp has been given a time extension to announce its first- and second-quarter financial results by the Singapore Exchange. For the first quarter ended June 30, 2014, LionGold has an extension of 12 weeks from Aug 14 until Nov 6. For LionGold’s second quarter64 words
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432 2014-07-15 8 Re uters [SINGAPORE] Indonesia’s Lion Air Group is in talks with Qantas Airways Ltd about buying the Australian carrier’s stake in the Singapore-based affiliate of its budget airline Jetstar, a person familiar with the matter told Reuters. The talks to buyReuters - 432 words
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296 2014-07-15 8 SHEENA TAN - Its 5th facility in S’pore will also lower energy costs SHEENA TAN tsheena@sph.com.sg SCRAP metal firm Kim Hock Corporation has doubled its metal processing capacity with the launch of its fifth facility yesterday. The $51 million facility can process about 200,000 tonnes of scrap296 words
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267 2014-07-15 8 Units end at 89.5¢; investors drawn by higher yield Bloomberg FRASERS Hospitality Trust, backed by Thailand’s richest man, closed its first day of trading at 89.5 cents, up 1.7 per cent, as its higher yield attracted investors. The units opened at 90 centsBloomberg - 267 words
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232 2014-07-15 8 JOYCE HOOI - US$450m on firm’s order book at June 30 JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT OFFSHORE marine services firm Otto Marine has bagged about US$404 million worth of charter contracts in the first half of 2014. As at June 30, 2014, its order book stood232 words
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Page 5 Advertisements
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Advertisement288 2014-07-15 5 ASUS recommends Windows. *FOR LIMITED PERIOD ONLY! *Top-up S$49 for 3 Years On-site Warranty!(worthS$349) Business Notebooks Premium Performance with Total Data Protection Trusted Platform Module (TPM) 3X Hard Disk Protection Fingerprint Reader PU301LA-RO049G Intel® CoreTM i5-4200U Processor 3M Cache (up to 2.3GHz) Windows 8 Pro (Windows 7 Professional license and288 words
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SINGAPORE MARKETS
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Article, Illustration600 2014-07-15 6 R SIVANITHY - UOB’s 9-cent drop accounts for half of index’s loss STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent LATELY, if United Overseas Bank (UOB) performs then the Straits Times Index performs but if UOB weakens, so does the index. The former was the case last FridaySource: Bloomberg - 600 words
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Article77 2014-07-15 6 Jul 14 VALUE CLOSE BT OB/OS 33.00 +65.00 BT CADI -*****.00 -1.00 BT 10-day MA -*****.00 +4.00 FTSE ST Mid Cap 776.17 -1.34 FTSE ST Small Cap 564.06 +1.13 FTSE ST All Share 803.15 -0.64 FTSE ST China Top 198.70 -0.59 FTSE ST China 226.58 -0.68 FTSE77 words
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Article186 2014-07-15 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 2 0 0 0 9 4 2 Manufacturing 49 55 41 8 10 8 57 65 49 Commerce 18 20 23 4 6 2 22 26 25 Tpt/Stor/Comms 13 13 16186 words
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Article1046 2014-07-15 6 TEH SHI NING - Compiled by TEH SHI NING Ezra Holdings July 14 close: $1.18 CIMB Research, July 11 EZRA’S Q3-14 core profit of US$8 million was 25 per cent below our estimates and consensus due to a higher-than-expected tax charge (39 per cent vs our expected 26). 9M14’s core profit made1,046 words
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Article121 2014-07-15 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,327 19,327 54,343 54,343 Manufacturing 187,959 113,145 301,104 71,531 10,984 82,515 Commerce 49,520 93,350 142,870 52,579 7,467 60,047 Tpt/Stor/Comms 73,438 1,077 74,515 89,369 113 89,482 Finance 17,501 263 17,764 145,414 79 145,493 Construction 32,726 25,201121 words
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Article119 2014-07-15 6 Stock name Close Change Ascendas Reit 2.300 -0.020 CapitaLand 3.240 +0.010 CapitaMall Trust 1.960 +0.010 CityDev 10.180 +0.010 ComfortDelGro 2.530 +0.030 DBS Grp 17.180 +0.010 Genting Sing 1.325 Global Logistic 2.690 +0.010 Golden Agri-Res 0.540 -0.010 HPH Trust USD 0.735 -0.005 HongkongLand USD 6.830 -0.020 JMH119 words
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Article, Illustration532 2014-07-15 6 CURRENCIES Reuters [SINGAPORE] Emerging Asian currencies mostly inched higher yesterday, stabilising after taking a fall late last week, as investor jitters over problems at a Portuguese bank eased. Many Asian currencies had declined late last week as investors booked profits due to fears aboutReuters; PHOTO: BLOOMBERG - 532 words
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Article59 2014-07-15 6 VOLUME Golden Agri-Res 53,947,000 Tritech 50,800,000 Adventus 40,556,000 Frasers HTrust 38,303,000 IHC 28,090,000 Jubilee Ind 27,799,000 Blumont 24,404,000 APAC Strategic 23,294,000 CCM Group W*****0 22,899,000 Tuan Sing 20,643,000 VALUE($) DBS Grp 53,597,521 UOB 45,580,040 OCBC Bank 39,178,265 Frasers HTrust 34,440,180 Golden Agri-Res 29,257,105 SingTel 29,040,560 Keppel Corp59 words
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Article117 2014-07-15 6 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 226.9 1.4 SPDRS S&P 500 10US$ ***** 84.3 0.3 SPDR DJIA 10US$ ***** 71.9 0.3 DBXT iBoxxSvEu 5US$ ***** 58.3 0.2 DBXT FTVietnam 10US$ 2805 47.1 1.4 DBXT MSEurope 10US$ 6261 47.1 0.6 DBXT MSTHAI 10US$ 2111 44.6 1.7 DBXT MSKorea117 words
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Article127 2014-07-15 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -193.4 -1.2 DBXT Nifty 10US$ ***** -164.9 -1.0 JMH 400 USD 5986 -79.4 -1.1 DBXT iBoxxKR 5US$ ***** -73.2 -0.4 DBXT AUDCS 5SG$ ***** -53.0 -0.2 JSH 500 USD 3630 -32.2 -0.7 DBXT DBLCI-OY 5US$ 3406 -29.8 -0.7 DBXT DBCBDJUBS 10US$ 2925127 words
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Page 7 Advertisements
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Advertisement2435 2014-07-15 7 COURTS ASIA LIMITED (the “Company”) (Company Registration No. *****1347K) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THATthe Annual General Meeting (“AGM”) of Courts Asia Limited (the “Company”) will be held at 50 Tampines North Drive 2, Courts Megastore, Singapore *****6 (Studio Room,2,435 words
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Page 8 Advertisements
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Advertisement82 2014-07-15 8 All Organisations MUST Set up PDPA Data Protection Compliance System To comply with Singapore Personal Data Protection Act 2012 We conduct seminars and in-house programs to assist SMEs to set up their company’s Compliance System. Please contact or email us for details. SG PDPA Compliance Resources Centre Tel: 6728 640382 words
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Advertisement170 2014-07-15 8 10aM 7pm 2nd-3rdAug 2014 SUNTEC SINGAPORE CONVENTION EXHIBITION CENTRE LEVEL 4, EXHiBITION HALL 401 402 How I See The Market Today and What I am Doing About It Special Promo Price for 1st20 registrants $388only (Usual Price: $688) Jim Rogers Investment Expert and Author WHAT YOU’LL LEARN Where Jim Rogers170 words
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Advertisement140 2014-07-15 8 70 >eau air Singapore Gifts Premiums Fair 2014 V tr> vf* Visit o o Win! to More than $15 000 worth of prizes for grabs! up Be rewarded with chances to win* attractive prizes when you attend SGPFair OEA 2014. Stand a chance to win a cruise with Royal Caribbean,140 words
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Advertisement65 2014-07-15 8 www.comexshow.com.sg SINGAPORE’S LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IS BACK! 28-31 August 2014 SUNTEC Singapore Levels 3, 4 6 Sell your tech products services to over 600,000 consumers directly Leverage on an unrivalled publicity campaign Book Your Space NOW! *Limited BoothsAvailable (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX,65 words
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Page 9 Advertisements
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Advertisement2054 2014-07-15 9 ADVERTORIAL An excellent pathway to success Spring Singapore’s Business Excellence framework has helped organisations boost their competitiveness over the past two decades FOR 20 years, the Business Excellence (BE) initiative has been helping organisations succeed. Today, we hear from three organisations who share their BE journey and provide insights on2,054 words
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CUSTOMER SATISFACTION INDEX OF SINGAPORE
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Article, Illustration903 2014-07-15 10 reportsTEH SHI NING - But the sector garners a slightly lower mark of 66.8 this year for overall customer satisfaction, reports TEH SHI NING reportsTEH reportsTEH SHI NING tshining@sph.com.sg @TehShiNingBT THE infocomm sector is not exactly the poster boy for customer service but they do make the effort when itFILE PHOTO; Source: Institute of Service Excellence at SMU (ISES) - 903 words
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Article, Illustration453 2014-07-15 10 LESTER WONG - More products becoming search goods due to rise of online retail By LESTER WONG lesterw@sph.com.sg CONSUMER behaviour will continue to evolve, and companies in the retail and infocommunications sectors need to stay on top of these changes or risk losing their453 words
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Article, Illustration595 2014-07-15 10 TEH SHI NING - By TEH SHI NING tshining@sph.com.sg @TehShiNingBT COMPANIES fretting over how to get their salespersons to offer friendlier, warmer service might want to first consider the quality of the products their staff have to sell. Local customers of retail and infocomms companies said in a recentSource: Institute of Service Excellence at SMU (ISES) - 595 words
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Article, Illustration657 2014-07-15 11 LESTER WONG - Customer satisfaction falls to 69.6 points from 72.2 points a year ago, reports LESTER WONG reports LESTER WONG lesterw@sph.com.sg TOURISTS are significantly happier customers than locals at least, they are supposed to be. This is no longer the case in the retail sector, where touristsSource: SMU; FILE PHOTO - 657 words
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Article, Illustration693 2014-07-15 11 LESTER WONG - They are also more likely to continue visiting the store By LESTER WONG lesterw@sph.com.sg IT is common knowledge to retailers that satisfied customers are likely to become repeat customers. They are also likely to spend more per visit, according to data from the latestSource: SMU; FILE PHOTO - 693 words
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Page 11 Advertisements
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Advertisement159 2014-07-15 11 AN INVITATION AND EXCLUSIVE OFFER TO ALL ISES CORPORATE MEMBERS ISES GLOBAL CONFERENCE ON SERVICE EXCELLENCE 2014 THE FUTURE OF SERVICE Wednesday, 23 July Plenary Sessions Thursday, 24 July Master Class Choose from the following: Essential Analytics for Service Managing Service Productivity Customer Management in the 21st Century Boosting Productivity159 words
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SINGAPORE NEWS
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383 2014-07-15 12 CAI HAOXIANG - Its cardholders rack up US$881.5m; China tourists are top five spenders By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT THE Great Singapore Sale has been a success at half-time, according to MasterCard statistics. Meanwhile, tourist spending from China has broken into the top five this383 words
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Article, Illustration591 2014-07-15 12 TAY SUAN CHIANG - By TAY SUAN CHIANG By taysc@sph.com.sg @TaySuanChiangBT TWO of Singapore’s grand dames of theatre and the performing arts are coming to life again after four years of refurbishments. The Victoria Theatre and Victoria Concert Hall could not have looked better. “Victoria Theatre is morePHOTO: YEN MENG JIIN - 591 words
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Article, Illustration479 2014-07-15 12 HELMI YUSOF - The youngest is a seven-year-old harpist By HELMI YUSOF helmi@sph.com.sg @HelmiBT SHE’S seven years old and stands at 1.2 metres. Her large, heavy, harp towers over her and she needs her mother to carry it from place to place. But Renee Yadav turned out to479 words
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347 2014-07-15 12 AMANDA EBER - By AMANDA EBER aeber@sph.com.sg THE Management Development Institute of Singapore (MDIS) has continued to build links overseas, having recently announced a new partnership with the UK-based Ashridge Business School to set up an executive masters in business administration programme at its Stirling Road347 words
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Page 12 Advertisements
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Advertisement179 2014-07-15 12 Destination: Global Markets First Stop: IP Week SG Building a Competitive Edge with Intellectual Property w 25 to 27 August 2014 Marina Bay Sands Expo and Convention Centre Urn. Chart your success in today’s global markets and join C-suite executives, business leaders, IP thought leaders and community at the premier179 words
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Advertisement707 2014-07-15 12 The Business Times NOTICES r< polaris^ POLARIS LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****4341D) NOTICE OF EXTRAORDINARY GENERAL MEETING All capitalized terms in this Notice which are not defined herein shall have the same meaning ascribed to them in the Circular to Shareholders dated 15 July707 words
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GOVERNANCE: YOUR STRATEGIC EDGE
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Article, Illustration1338 2014-07-15 13 FRANCIS KAN - Regardless of size, companies need high standards of corporate governance if they are to create sustainable value in the long term. reports FRANCIS KAN GOOD corporate governance practices are essential for achieving superior performance, even if the lack of transparency within an organisation may not necessarilyFILE PHOTO - 1,338 words
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Page 13 Advertisements
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Advertisement93 2014-07-15 13 2014 CPA CONGRESS LEADERSHIP. STRATEGY. BUSINESS. SINGAPORE CPA Congress brings together over 10,000 finance, accounting and business professionals in a global conversation that will help convert innovative ideas into practical action plans. Get the latest insights into key issues such as balancing big data, Base Erosion and Profit Shifting and93 words
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SME Inc
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Article, Illustration939 2014-07-15 14 LESTER WONG - Logistics Holdings banks on its Paya Lebar residential project and Johor precast plant as revenue drivers. WONGreports LESTER WONG lesterw@sph.com.sg Following the Budget 2014 announcement, Singapore’s construction sector has had to adjust to a new reality of tighter restrictions on foreign labour and an increasedPHOTO: ARTHUR LEE - 939 words
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Article, Illustration855 2014-07-15 14 DOUGLAS STREETER ROLPH - Investors advisers benefit in fee-based model VIEW FROM AN NTU PROFESSOR By DOUGLAS STREETER ROLPH The writer is a senior lecturer of banking and finance at NTU’s Nanyang Business School. His research interests focus on the effect of default risk on asset prices and the behavioural dynamics of retail investors855 words
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Page 14 Advertisements
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Advertisement90 2014-07-15 14 Work smart for just S$58, wherever you are in Singapore business lounge m vi Introducing the first Regus Express business lounges in Asia; the perfect way to stay productive on the move. Drop in to one of our stylish lounges and work on the go in our professional working environment,90 words
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Page 15 Advertisements
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Advertisement543 2014-07-15 15 ft IMAGINATIVE WITH OUR FINAUSTS 20/4 The 10th SPH link Awards challenges the industry’s most imaginative minds to make creative breakthroughs as never seen before. Now, we are thrilled to unveil this year’s finalists in this kaleidoscope of Big Ideas that demonstrate the best use of SPH’s full spectrum of543 words
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Advertisement1440 2014-07-15 16 / 17 CATEGORY A3 PRINT SINGLE CAMPAIGN CHINESE v I \\Vl I MlPBjtSXB*. £XftSiiiS. SiiSMSSIMMS! A3-1 Title; Land of Quattro (Fallen Branches) Client: Audi Singapore Creative Agency: Publicis Singapore Regional Chief Creative Officer: Ajay Vikram Associate Creative Director: Kris Ng Senior Art Director: Goh Jia Ying Art Director: Eugene Pua Head of1,440 words
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MALAYSIA/INDONESIA
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Article, Illustration485 2014-07-15 18 202-ha One nu to be launched in Dec will have 8,000 homes, mall and hotels [KUALA LUMPUR] Mohamed Ali Rasheed Alabbar, the chairman of Dubai-based Emaar Group, is helping Tradewinds Corp Bhd to embark on its first mega property project in Nusajaya, Johor, thatPHOTO: BLOOMBERG - 485 words
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310 2014-07-15 18 South-east Asia’s largest economy exported 158 million tonnes of the output. Reuters [JAKARTA] Indonesia produced 213 million tonnes of coal in the first half of this year, a government official said, up 7.6 per cent from the same period last year despiteReuters - 310 words
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397 2014-07-15 18 Bloomberg [KUALA LUMPUR] Palm oil tumbled to the lowest level in nine months and was poised to enter a bear market after the US government forecast record inventories of soyabeans used to produce an alternative cooking oil. Futures dropped as muchBloomberg - 397 words
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224 2014-07-15 18 Reuters [KUALA LUMPUR] Malaysia’s state Employees Provident Fund (EPF) and RHB Capital have hired investment banks to advise on the country’s biggest banking merger, sources with direct knowledge of the matter said. Last week, Malaysia’s second-biggest bank, CIMB Group, said that itReuters - 224 words
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Page 18 Advertisements
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Advertisement2287 2014-07-15 18 GP BATTERIES INTERNATIONAL LIMITED (Company Registration No.: *****2111N) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Batteries International Limited (the “Company”) will be held at Marina Mandarin Singapore, Libra/Gemini Room, Level 1, 6 Raffles Boulevard, Marina2,287 words
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Page 19 Advertisements
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Advertisement1293 2014-07-15 19 advertisement Singapore's dedicated event for office and business solutions is back after its successful launch last year. With an astounding 40% growth, this year's Office Expo Asia (OEA) showcases hundreds of products and solutions, aimed at meeting the needs of the corporate business domain. Key segments for this year's event1,293 words
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CHINA/INDIA
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Article, Illustration568 2014-07-15 20 Move to suspend business is over the suspected use of child labour Reuters [SEOUL] Samsung Electronics has halted business with a supplier in China over suspected use of child workers, the first time it has taken such a step, after criticism that its monitoringReuters; PHOTO: AFP - 568 words
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368 2014-07-15 20 Weather conditions might hit farming, drive up food prices AFP [MUMBAI] India’s inflation slowed to a four-month low in June, data showed yesterday, but a weak monsoon could push up food prices and pose headaches for the new government. The Wholesale Price Index,AFP - 368 words
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332 2014-07-15 20 Bloomberg [SINGAPORE] Standard Chartered plc has sued Chen Jihong, the owner of a metals trading company at the centre of a loan fraud investigation in eastern China, for US$35.6 million the bank says it’s owed under a loan agreement. The bank is alsoBloomberg - 332 words
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259 2014-07-15 20 Reuters [SHANGHAI] Prosecutors in China have filed charges against British investigator Peter Humphrey and his American wife, Xinhua said yesterday, after the couple were detained last year following work they did for British drugmaker GlaxoSmithKline (GSK). The case against Humphrey and hisReuters - 259 words
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Page 20 Advertisements
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Advertisement2336 2014-07-15 20 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices «0» artivisior technologies ARTIVISION TECHNOLOGIES LTD. (Company Registration No. *****7031R) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ARTIVISION TECHNOLOGIES LTD. (the "Company") will be held at2,336 words
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Page 21 Advertisements
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Advertisement1618 2014-07-15 21 The Business Times NOTICES Global y Yellow Pages (Incorporated in the Republic of Singapore) Company Registation No. *****4719G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE 11TH ANNUAL GENERAL MEETING of the Company will be held at 450 Lorong 6 Toa Payoh, Hersing Centre Level 3 (Red1,618 words
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Advertisement2459 2014-07-15 21 GP Industries Limited (Incorporated in the Republic of Singapore) Co. Reg. No. *****2128C Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Industries Limited (the “Company”) will be held at Marina Mandarin Singapore, Taurus, Level 1, 6 Raffles Boulevard, Marina Square, Singapore *****42,459 words
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WORLD
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Article, Illustration887 2014-07-15 22 Germans are concerned about the threat to food, environment Reuters [BRUSSELS] Chancellor Angela Merkel once said she wished “for nothing more than a free-trade agreement between the USA and the EU”. To the dismay of many in Brussels and Washington, GermansReuters; PHOTO: REUTERS - 887 words
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Article, Illustration766 2014-07-15 22 Reuters [NEW YORK] World financial markets became reacquainted with fear last week, and even if it was short-lived, the ructions in some riskier assets looked to some like a precursor to a much rougher ride down the road. Concerns that Portugal’s largest listedReuters; PHOTO: BLOOMBERG - 766 words
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772 2014-07-15 22 US$1.12t in notes, bonds draw US$3.4t bids so far this year Bloomberg [NEW YORK] The intensifying debate over when the Federal Reserve raises interest rates is little more than a sideshow when it comes to the ability of the UnitedBloomberg - 772 words
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234 2014-07-15 22 Reuters [LONDON] Prosecutors from the US Department of Justice (DOJ) are offering immunity deals to junior traders in London as they continue to investigate the alleged rigging of foreign exchange rates by banks and senior traders, the Financial Times reported, citing sources. JusticeReuters - 234 words
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584 2014-07-15 23 Intel, Yahoo, eBay and Google all set to release their results this week Re uters [NEW YORK] Earnings from some of the biggest US technology companies will take centre stage this week, giving investors a chance to re-evaluate the sector’s health. Big techReuters - 584 words
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Article, Illustration490 2014-07-15 23 Bloomberg [NEW YORK] Citigroup Inc posted second-quarter profit that beat analysts’ estimates after excluding US$3.7 billion in costs tied to a mortgage-bond settlement. Net income fell 96 per cent to US$181 million, or 3 cents a share, from US$4.18 billion, or US$1.34, a yearBloomberg - 490 words
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Page 22 Advertisements
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Advertisement458 2014-07-15 22 The Business Times NOTICES Toll free 1800-289-8822 Email noticestSsph.com.sg www.sphdass.com.sg/notices SAPPHIRE CORPORATION LIMITED (the "Company") (Company Registration No. *****2465W) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of Sapphire Corporation Limited (the "Company") will be held458 words
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Page 23 Advertisements
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Advertisement1927 2014-07-15 23 The Business Times Ik IT 1 Toll free 1800-289-8822 I I 1 Email notices@sph.com.sg J B V i B j ij www.sphclass.com.sg/notices 3 If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Need1,927 words
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EDITORIAL & OPINION
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446 2014-07-15 24 EDITORIAL THE MediShield Life Review Committee’s key recommendations should go some way towards expanding and improving Singapore’s national health insurance system, but the two challenges of supply and cost will continue to be pressing. The latest comprehensive revision of MediShield Life includes changes446 words
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Article, Illustration796 2014-07-15 24 DAVID MASON - THE BOTTOM LINE DAVID MASON The writer, a business communications consultant in the UK, was a Price Waterhouse Singapore partner for 18 years in the 1980s and 1990s ACCOUNTING, based on double entry bookkeeping, is generally regarded as the world’s second oldest profession.796 words
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Article, Illustration1202 2014-07-15 24 LEON HADAR - It should focus on steps required to sustain US economic, military power over long term LEON HADAR Washington Correspondent A SERIOUS and somewhat heated debate about US President Barack Obama’s foreign policy agenda is taking place in Washington and other WesternPHOTO: AFP - 1,202 words
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Article, Illustration1056 2014-07-15 25 ANTHONY ROWLEY - Abe’s womenomics campaign necessary as the country faces ageing, declining population ANTHONY ROWLEY Tokyo Correspondent WHERE do the apparent feminist impulses of Japanese prime minister Shinzo Abe as manifested by his “womenomics” campaign spring from? He is better known for his conservative and hawkish stancePHOTO: BLOOMBERG - 1,056 words
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772 2014-07-15 25 KEVIN P GALLAGHER - By KEVIN P GALLAGHER The writer is a professor of international relations at Boston University and a contributing editor to ‘The Globalist’, where this article initially appeared. Copyright ‘The Globalist’ CONVENIENTLY scheduled at the end of the World Cup, leaders of the BRICS countries772 words
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Article, Illustration968 2014-07-15 25 SHAHID JAVED BURKI - By SHAHID JAVED BURKI The writer is former vice-president of the World Bank and also former Pakistan finance minister FOR a macroeconomist with a strong interest in development economics, the recently released Indian Budget has several troubling aspects. Most of the commentary that has appeared968 words
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606 2014-07-15 25 TO THE EDITOR I REFER to the article “Attracting retail investors: mindset change needed” by R Sivanithy (BT, July 2). The current slump in retail participation in our stock market is not solely the result of last October’s penny stock fiasco but the606 words
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AVIATION/SHIPPING
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Article, Illustration725 2014-07-15 26 CSeries jet set for 2015 launch absent from Farnborough after engine fire Bloomberg [FARNBOROUGH] Bombard i er I nc s s t ru gg l i n g CSeries jet, absent from the world’s biggest aviation expo after an engine blowout,Bloomberg; PHOTO: BLOOMBERG - 725 words
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594 2014-07-15 26 NYT [NEW YORK] Independently operated airport lounges are opening up around the world as airlines start flying new long-haul aircraft to secondary markets, and business travellers seek what one executive calls “the little luxuries” in an industry increasingly dominated by low-cost carriers.NYT - 594 words
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435 2014-07-15 26 Kuehne Nagel Q2 profit growth slows Results have been affected by strong Swiss franc Bloomberg [FRANKFURT] Kuehne Nagel International AG, the world’s biggest sea-freight forwarder, was unable to benefit fully from growing cargo volume as the rising Swiss franc held back sec-ond-quarter profit growth. Earnings before interest and taxes increasedBloomberg - 435 words
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Article, Illustration390 2014-07-15 26 NYT LONDON] The head of Boeing’s commercial aircraft division said that he was optimistic that the US Congress would ultimately agree to reauthorise funding to the Export-Import Bank, which guarantees billions of dollars in loans to foreign buyers of its airplanes. The BoeingNYT - 390 words
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Article243 2014-07-15 26 SGX '000 Jul 14 S$ +/-Vol Ch Offshore 0.46 unch 122 Chuan Hup Hldg 0.29 unch 113 Jul 14 Cwt Limited 1.74 0.01 821 First Ship Lea Ch Offshore Grand Banks..............0.27 0.01 10 Jaya Hold Ltd 0.04 unch 5685 K1Ventures 0.21 0.01 1019 Keppel Corp 10.88 0.04 2441243 words
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Page 26 Advertisements
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Advertisement101 2014-07-15 26 Sri Lanka Hospitality Investment Conference 25-27 August 2014 Colombo, Sri Lanka v. A New Era Uncovering your next hospitality investment opportunity in Sri Lanka YOUR ONLY OPPORTUNITY! Why Sponsor? Showcase your products and services to hospitality investors and hotel management groups Be recognized as a leader in your industry Face101 words
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Page 26 Miscellaneous
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Miscellaneous340 2014-07-15 26 CRYPTIC CROSSWORD Across 1 Sparks flying across centre in Montgenèvre, before one social event there? (5-3) 5 Notice only change (6) 9 Yellow invertebrate? (9) 11 Composer: he wrote nonsense about Hungary’s capital (5) 12 Bad storm around northern end of Quebec (6) 13 Healing ointment said to come from340 words
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Article1211 2014-07-15 27 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE1,211 words
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Page 27 Advertisements
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Advertisement81 2014-07-15 27 Experienced sh/p maintenance find you y r i services services wanted, heremthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I IIL UUJIIVLJJ I IIVILJ Shipping Times Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services81 words
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SINGAPORE STOCKS
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Article4210 2014-07-15 28 Transaction date: Jul 14 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.3 10.4 8Telecom Last Sale Vol Day Last Quote --AAT Div Gr Yld C'vr Net 159.4 130.4 AIMSAMP Cap Reit4,210 words
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Article428 2014-07-15 29 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 1.9 0.9 t Advanced Systems 1 unch 510 1 1 1 1.1 19.5 Last Quote Div428 words
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Article10685 2014-07-15 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** R ds R id oo R id R id id R id <f R bo R id *3 Aberdeen Asset Mgt Asia Limited cS R R R oS id R R R ro op opid10,685 words
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Article236 2014-07-15 29 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 HK322 -6 33 323 322 321 327 9.7 3.3 3.2 6484.8 DISCLAIMER: All information is published “as is” without warranty of any236 words
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Article1123 2014-07-15 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF 115.3 +0.1 20 115.3 115.3 115.2 115.4 526.3 135.5 119 CIMB APAC Div 100S$D 132.3 +0.3 132.3 132.3 131.1 133.61,123 words
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FINANCE & COMMODITIES
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Article643 2014-07-15 30 Jul 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.18 *****.95 *****.49 Sep14 *****.00 *****.00 *****.00 *****.00 *****6 *****6 Dec14 *****.00 1 ***** MSCI TAIWAN INDEX FUTURES SPOT 345.69 347.71 345.12 Jul14 343.50 345.80 343.30 345.20 ***** *****0 Aug14 341.40 343.30 341.00 342.70643 words
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373 2014-07-15 30 In local curr In S$ In US$ dy yr dy yr dy yr Jul 11 Index Change Change Change Change Change Change World Preliminary 1230.2 0.0 3.9 -0.2 2.6 -0.1 4.4 EAFE Preliminary 959.1 0.1 0.3 -0.1 -0.2 0.1 1.5 Europe Preliminary 1372.1 0.2 1.3373 words
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Article471 2014-07-15 30 Jul 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.009 5.830 0.689 7.279 56.413 109.417 0.953 9.561 2.985 1.066 92.732 40.846 1.164 10.081 0.836 28.131 30.172 0.548 0.939 Canada 0.991 5.777471 words
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Article39 2014-07-15 30 Jul 14 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths 6 mths Source: Thomson Reuters39 words
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Article78 2014-07-15 30 Jul 14 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-16 101.23 101.27 101.26 5-Year NX*****W 2.5 01-Jun-19 106.48 106.58 106.55 10-Year NX*****H 2.750 01-Jul-2378 words
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Article122 2014-07-15 30 Jul 14 GOLD(US$/oz) Jul 14 Jul 11 Hong Kong 1325.00 1339.00 Jul 11 Jul 10 London 1335.25 1337.90 1335.55 1338.10 Source: Thomson Reuters CAST BAR Jul 14 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 315 261 10gm 587 524122 words
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Article57 2014-07-15 30 Jul 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2385.0 2375.0 2385.0 2375.0 14 334 Aug 14 2357.0 2345.0 2363.0 2337.0 1118 ***** Sep 14 2325.0 2298.0 2331.0 2292.0 ***** ***** Oct 14 2313.0 2284.057 words
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Article155 2014-07-15 30 Jul 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1642 1.1648 0.9390 0.9394 Canadian dollar 1.1536 1.1544 0.9310 0.9305 Euro 1.6902 1.6907 1.3633 1.3636 NZ dollar 1.0925 1.0932 0.8812 0.8817 Sterling pound 2.1229 2.1235 1.7123 1.7126155 words
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Article109 2014-07-15 30 Jul 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1295.75 1329.75 1340.25 1249.25 Aug 14 1195.75 1232.75 1238.25 1159.25 Sep 14 1099.25 1121.75 1125.00 1078.25 Nov 14 1075.00 1093.00 1096.75 1065.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14109 words
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Article95 2014-07-15 30 Jul 11 COCOA (£/tonne) Close Prev High Low Jul 14 1959 1949 1958 1942 Sep 14 1925 1915 1928 1907 Dec 14 1904 1895 1906 1885 Mar 15 1894 1884 1895 1874 COFFEE(US$/tonne) Close Prev High Low Jul 14 2000 2012 2023 2001 Sep 14 1997 2009 2017 198695 words
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944 2014-07-15 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 Exer Price Prem Asiatic Grp(Hldgs) Ltd W*****5 2.2 0.0 2 14 Asiatravel.com HoldingsW*****7 4.4 1 25 0 Asiatravel.com HoldingsW*****5 6.4 1 27 24 BakerTech944 words
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Article70 2014-07-15 30 CRUDE OIL PRODUCTS Jul 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.63 -0.61 WTI (Near Mth) 100.67 -2.32 Dubai (1-Mth F) 105.60 0.24 Tapis blend 110.61 0.44 Minas 106.21 0.44 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.00 0.93 Jet Kerosene 118.65 0.92 US$/barrel OpecOil Basket70 words
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Article22 2014-07-15 30 Jul 14 S$ Bid Offer 1-month 1.2398 1.2399 2-months 1.2398 1.2399 3-months 1.2397 1.2399 6-months 1.2396 1.2397 Source: OCBC22 words
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Article65 2014-07-15 30 Jul-11 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1920.00 1898.75 3 months 1941.00 1925.00 Copper, Grade A(US$/tonne) Cash 7173.50 7179.50 3 months 7156.00 7162.00 Lead(US$/tonne) Cash 2185.50 2171.00 3 months 2206.00 2190.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00 3 months *****.0065 words
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Article121 2014-07-15 30 As at 9am Jul 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.193 1.137 Can dollar 1.178 1.133 Euro 1.728 1.646 Sterling pound 2.165 2.082 NZ dollar 1.121 1.078 US dollar 1.266 1.206 Local dollars to 100 units of foreign121 words
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Article161 2014-07-15 30 Jul 14 $S Offer Bid 0vernight 0.06 0.04 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.04 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12161 words
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PROPERTY
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1114 2014-07-15 31 They have spent US$22b on property in the year through March, up 72% Bloomberg [LOS ANGELES] Henry Nunez, a real estate agent in Arcadia, California, met with so many homebuyers from China that he bought a Manda-rin-English translation app for his phone. The US$1.99Bloomberg - 1,114 words
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789 2014-07-15 32 LEE MEIXIAN - Investments in Q2 down 11 from Q1 as private home sales falter: DTZ By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] Non-residen-tial deals will continue to drive investment activity in Singapore for the rest of this year, given faltering sales in the tepid private residential789 words
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617 2014-07-15 32 Yield on Damac’s 2019 debt jumps 69 bps to 5.87% in June Bloomberg [DUBAI] Islamic bonds from Damac Real Estate Development Ltd have become the region’s worst performers this year just three months after they were issued, amid concern Dubai’s property boom isBloomberg - 617 words
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Page 31 Advertisements
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Advertisement406 2014-07-15 31 I Jf# THE LOVELIEST OF THEM ALL Live in a piece of Singapore history It's one of those conservations which is timeless. A connoisseur's choice. See it and get a catch in your throat. Where ownership joins hands with your walk into history, your tribute to the collective memory of406 words
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Advertisement242 2014-07-15 31 5-storey Conserved Commercial Building near Clarke Quay MRT Corner Block, Double-Frontage, Excellent Visibility Land Area: Approx. 4,300 sq ft Total Floor Area: Approx. 12,600 sq ft exclude 2,100 sq ft rooftop terrace Balance lease 26-35 years; possible for top-up of lease MR 2014 Zoning “Commercial” at Plot Ratio 4.2 Within242 words
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Advertisement173 2014-07-15 31 362/362A TANJONG KATONG ROAD 2-Storey Conservation Shophouse with Potential For Development Freehold and Plot Ratio 3 Site Area: Approx. 2,025 sq ft Zoned Residential with Commercial at 1st storey Prominently located with double road frontages Ideal for F&B, retail investment or development Contact: Investment Properties Galven Tan(9799 4898) (CEA Reg173 words
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Page 32 Advertisements
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Advertisement110 2014-07-15 32 A dynamic city A bank renowned for innovation 50 remarkable years in Singapore X X < I te I 4 m ■ki From transport to property to commodities, J.P. Morgan has been at the forefront of many pioneering deals that have helped build today’s Singapore. For 50 years, we’ve enabled110 words
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