The Business Times, 1 August 2014

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Microfilm: NL33221
Total Pages: 42
1 12 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, August 1, 2014
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  • Article
    Lock icon Bad home loans flow through to UOB NPLs
    671 1  -  Bank cites some buyers of high-end properties By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] United Overseas Bank’s non-perform-ing loans (NPL) surged in the second quarter as payments by some high-end property buyers deteriorated. Industry observers believe the situation could worsen as they
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  • Article, Illustration
    Lock icon Singapore should plan for population of 10m
    816 1  -  Planning long term gives a better estimate of land needed: Liu Thai Ker By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT [SINGAPORE] The Republic should plan for a population of 10 million in the long term if it is to remain sustainable as a country, says
    PHOTO: TOH KAI THIAM/SIBL  -  816 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,374.06 (+20.41) HST INDEX FUTURES 3,340.00 (-14.00) GSIMSCI 386.07 (+2.24) HSIMSCI FUTURES 382.30 (-2.00) US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.689 2.107 EURO (US$/S$/€ 1.340 1.671 Foreign currency per US$ S$ YEN 102.80 82.40 RM 3.192 2.559 HK$ 7.750 6.213 BAHT 32.00 25.65 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,871.36 -6.98 NIKKEI 225 15,620.77 -25.46 HANG SENG 24,756.85 +24.64 SET INDEX 1,502.39 -16.40 JAKARTA COMP Closed MANILA COMP 6,864.82 -2.77 SEOUL COMP 2,076.12 -6.49 SHENZHEN B 923.49 +5.94 MUMBAI IND 25,894.97 -192.45 12 noon EDT Change DOW 16,673.92 -206.44 NASDAQ 4,378.33 -84.57
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE MALAYSIA MALAYSIA HONG KONG HONG KONG 5.00 INDONESIA 15.214 KOREA 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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      118 1 VISIONARIES Douglas Foo’s globe-spanning ambition for Sakae Sushi PAGE 9 CORPORATE RESULTS UOB Q2 profit beats expectations PAGE 7 SPECIAL FOCUS 12-page special on Swiss National Day EXECUTIVE LIFESTYLE Crowdfunding goes specialist PAGE 25 Read Boardroom Matters, a series of articles from the Singapore Institute of Directors on issues relevant
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  • TOP STORIES
    • Article
      Lock icon Business loans down for first time since Nov 2012
      439 2  -  Sing-dollar bank lending showed no growth in June from previous month By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT [SINGAPORE] Weaker trade finance and lending to the manufacturing sector dampened loan growth in June, with Singapore-dollar business loans declining from the previous month for
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    • Article
      Lock icon Price drop unlikely to derail longer-term property outlook
      607 2  -  Analysts see little chance of a pullback in cooling measures given liquidity By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] Even with a potential 10-15 per cent drop in residential prices over the next two years, the longer-term outlook for the property market remains
      607 words
    • Article, Illustration
      Lock icon Instagram’s new app to debut in S’pore, NZ, South Africa
      526 2  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT [SINGAPORE] Instagram, the popular photo and vid-eo-sharing service acquired by Facebook for US$1 billion in 2012, has filtered out Singapore as one of only three countries to launch its new app, Bolt, which it claims
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    • Article
      Lock icon THREE-MINUTE DIGEST
      254 2 Bad home loans add to UOB NPLs UNITED Overseas Bank’s non-performing loans surged in the second quarter as payments by some high-end property buyers deteriorated. FRONT PAGE Price drop may not derail outlook EVEN with a potential 10-15 per cent drop in residential prices over the next two
      254 words
    • Article
      Lock icon Why accounting standards are getting more complex
      852 2  -  They reflect a more complex economic reality, but they can be made more manageable: IASB BY MICHELLE QUAH michquah@sph.com.sg @Miche||eQuahBT [SINGAPORE] Increasingly complex financial reporting standards aren’t complex for the sake of being so, says Hans Hoogervorst; rather, such complexity reflects the economic
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    • Article
      Lock icon Labour market still tight in Q2, layoffs down
      706 2  -  But loss of 2,600 manufacturing jobs highest since Q3 ’09 By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] The labour market remained tight in the second quarter of 2014 as unemployment rates held firm and the number of retrenchments came down. According to preliminary
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    • Article, Illustration
      Lock icon Sentiment for services, manufacturing diverges
      634 3  -  Govt surveys show services sector more optimistic about H2, manufacturing less so By TEH SHI NING tshining@sph.com.sg @TehShiNingBT [SINGAPORE] Local manufacturers’ business optimism has waned, while firms in the services sector have turned more upbeat, the government’s latest quarterly surveys show. But the snapshot of
      Sources: Department of Statistics and Economic Development Board  -  634 words
    • Article
      Lock icon Karting track to be built inside Turf Club
      403 3  -  It’ll be first permanent CIKcertified facility here, able to hold international races By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] A S$2 million karting facility to be built on the grounds of the Singapore Turf Club is expected to be ready by the time the
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    • Article
      Lock icon Fed nods to firmer prices; expresses concern about labour weakness
      504 3 Reuters [WASHINGTON] The Federal Reserve on Wednesday reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the US economy and expressed some comfort that inflation was moving up towards its target. After
      Reuters  -  504 words
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  • COMPANY NEWS
    • Article
      Lock icon Banks’ surge swells July market cap
      437 4  -  DBS makes largest gains in dollar terms, its peers follow closely By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT THE value of Singapore’s stock market in July rose 1.3 per cent from the previous month to S$979 billion, lifted mainly by strong gains in shares of the
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    • Article
      Lock icon OSIM Q2 profit rises 13% to S$29.5m
      379 4  -  B)’ CARINE LEE carine|@sph.com.sg @CarineLeeBT OSIM International’s sec-ond-quarter net profit rose 13 per cent year-on-year to a record S$29.53 million. It proposed a second interim dividend of two Singapore cents per share, payable on Oct 2. The group yesterday said: “We are pleased
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    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds (July 31, 2014)
      278 4 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD ($m) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE GROSS YEAR RAISED ISIN CODE MATURITY DATE 01.10.2014 N*****0N 2009 1 3/8 6000.00 1/4 1/10 121 100.18 0.31
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    • Article
      Lock icon SGX’s Q4 profit falls 12% on weak securities markets
      623 4  -  By ANITA GABRIEL Anitag@sph.com.sg @AnitaGabrielBT THERE was no element of surprise when Singapore Exchange announced yesterday that net profit for the final quarter slipped again, for the third straight quarter. Net earnings for the fourth quarter ended June 30 slipped 12
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    • Article
      Lock icon Roxy-Pacific reports 17% jump in Q2 earnings
      377 4  -  By CARINE LEE carinel@sph.com.sg @CarineLeeBT ROXY-Pacific Holdings’ sec-ond-quarter net profit attributable to equity holders increased 17 per cent year-on-year to S$22.70 million. The property and hospitality group said revenue for the three months ended June 30 rose 49 per cent to S$102.64 million
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    • Article
      Lock icon Aussie project go-ahead a revenue boost for Linc
      387 4  -  Value of royalty contract will also surge, it says By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT THE Australian government’s approval for the development of the Carmichael coal mine in Queensland would generate about A$133 million (S$154.1 million) a year in revenue for mainboard-list-ed Linc
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    • Article
      Lock icon News of tie-up sends CEFC shares up
      515 5  -  JV with Rizhao Port Group unit will build and run Rizhao port oil storage facilities By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT PETROCHEMICAL and fuel oil trader CEFC International’s shares gained 0.5 cent, or 15 per cent, to 3.8 Singapore cents yesterday after it announced
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    • COMPANY BRIEFS
      • Article
        Lock icon Soilbuild’s Q2 earnings down 11%
        91 5 SOILBUILD Construction Group yesterday reported an 11 per cent drop in net profit to S$5.2 million for its second quarter ended June 30, despite revenue holding steady at S$67.7 million from a year ago. This was largely due to a slight share of losses from
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      • Article
        Lock icon Mandarin Oriental hit by Thai unrest
        117 5 MANDARIN Oriental International yesterday posted a 20 per cent drop in net profit to US$45.6 million for its six months ended June 30, in the absence of a writeback of a provision against asset impairment a year ago. Revenue rose 4.2 per cent to
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      • Article
        Lock icon Dairy Farm’s earnings, sales rise in H1
        80 5 Dairy Farm International Holdings has reported a 2 per cent increase in net profit to US$234 million for the first six months of 2014, on the back of a 5 per cent increase in sales to US$6.3 billion. The profit attributable to shareholders
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    • Article, Illustration
      Lock icon Ezion shares up as group delivers strong Q2 results
      484 5  -  Analysts also expect offshore logistics provider to deliver robust H2 results By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT BUOYANT second-quarter results combined with news of a proposed bonus share issue sent the stock of Ezion Holdings up yesterday. Also helping were analysts’ expectations
      FILE PHOTO  -  484 words
    • Article
      Lock icon CAO reports 32% jump in Q2 profit to US$17.7m
      317 5  -  Share of gains from associates almost triples to US$13.8m By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT LIFTED by higher contributions from associates, jet fuel trader China Aviation Oil (CAO) reported a net profit of US$17.74 million for the second quarter, up 32.44 per
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    • Article, Illustration
      Lock icon UOB’s Q2 profit beats forecast
      635 7  -  Better results on the back of higher net interest income, investment gains By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT UNITED Overseas Bank yesterday posted better than expected second-quarter net profit of S$808 million, up 3.2 per cent from a year ago on the back of higher
      FILE PHOTO  -  635 words
    • Article
      Lock icon Tiger Airways sees brighter skies ahead
      619 7  -  CEO believes worst is over after sale of loss-making units By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT AFTER the divestment of loss-making associates, Tiger Airways is confident that the worst is behind the embattled carrier as it sets course to turn itself around. “In view of
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    • Article
      Lock icon Favourable market conditions lift Great Eastern’s Q2 profit
      540 7  -  Earnings leap to S$244.6m, from S$18.6m previously By CLAIRE HUANG huangjy@sph.com.sg A SIGNIFICANTLY higher unrealised mark-to-market gains due to more favourable financial market conditions lifted insurer Great Eastern Holding’s sec-ond-quarter earnings to S$244.6 million from S$18.6 million a year ago. This was
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    • Article
      Lock icon Premiums of insurance bought directly expected to fall 5-10%
      287 7  -  Consumers may be looking at cheaper insurance products By CLAIRE HUANG huangjy@sph.com.sg JUST as life insurers welcome the recommendations crafted under the Financial Advisory Industry Review announced on Wednesday, consumers may be looking at cheaper insurance products when they make a
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    • Article
      Lock icon SIAS raises issue over Top Global’s acquisition
      374 7  -  Concerns over supplementary deal to enlarge share issue B)’ LEE MEIXIAN Ieemx@sph.com.sg @Leel\/lei><ianBT CERTAIN minority shareholders of Top Global Ltd, a mainboard-listed property developer, have raised concerns about an interestedparty transaction, according to the Securities Investors Association Singapore (SIAS). This transaction involves an
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    • Article
      Lock icon Accordia Golf Trust starts trading today
      308 7  -  By CAI YONG caiyong@sph.com.sg SINGAPORE’S reputation for business trust listings and Japan’s ban on real estate investment trusts (Reits) holding golf course investments prompted Accordia Golf Trust (AG Trust) to head for the Republic. But AG Trust, a business trust whose assets are golf
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    • Article
      Lock icon OUE Hospitality Q2 DPS beats forecast
      403 7  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT OUE Hospitality Trust yesterday announced a distribution per stapled security (DPS) of 1.64 Singapore cents for its second quarter ended June 30, 2.5 per cent above its forecast. This will be paid on Sept 2. This translates to an
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      15 4 THE SINGAPORE SWEEP imi ipnumai Wed, 6 Aug 2014 $2300.000 Next Draw 1 st Prize
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      91 4 N I’ Owning multiple international properties worldwide, Property Investment Guru Mr. Norman Sia is able to capture the TURNING POINT and identify the SUPER-CYCLE of various property markets. 0 Disclaimer: All forms of trading and investment carry risk. Such activities may not be suitable for everyone. 2 If you're looking
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  • Page 4 Miscellaneous
    • Miscellaneous
      Lock icon Page 4 Miscellaneous Column 1
      33 4 I Owl $5 MILLION National Day Draw Draw on Fri, 1 Aug 2014 at 9.30pm For details, visit www.singaporepools.com.sg Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G E
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      302 5 From now till August, 10 at Claymore tempts meat lovers with premium USDA certified 1855 Black Angus Beef carvec and grilled a la minute to your preference. With superior marbling and superb flavour, this is a meaty treat not to be missed. Oyster aficionados can also indulge in 6 varieties
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI enjoys month-end window-dressing
      554 6  -  Index at highest in 14 months, turnover of component stocks double the previous session’s STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent MONTH-END window-dressing yesterday lifted the Straits Times Index 18.37 points to 3,372.02, its highest in a little over 14 months, in an overall weak session.
      Source: Bloomberg  -  554 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 4 7 0 0 0 4 4 7 Manufacturing 42 54 36 7 10 10 49 64 46 Commerce 20 18 23 2 9 3 22 27 26 Tpt/Stor/Comms 14 18 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,779 19,779 82,761 82,761 Manufacturing 289,011 101,070 390,081 124,082 8,376 132,459 Commerce 59,304 63,484 122,788 74,108 6,593 80,701 Tpt/Stor/Comms 160,933 1,010 161,943 246,021 126 246,147 Finance 36,485 945 37,430 384,442 299 384,740 Construction 61,123 29,222
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      120 6 Stock name Close Change Ascendas Reit 2.330 CapitaLand 3.450 +0.130 CapitaMall Trust 1.970 -0.010 CityDev 10.58 +0.140 ComfortDelGro 2.590 +0.030 DBS Grp 18.22 +0.140 Genting Sing 1.335 +0.005 Global Logistic 2.790 +0.020 Golden Agri-Res 0.535 -0.005 HPH Trust USD 0.745 HongkongLand USD 6.850 +0.120 JMH 400
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jul 31 VALUE CLOSE BT OB/OS -181.00 -92.00 BT CADI -*****.00 -56.00 BT 10-day MA -*****.00 -18.00 FTSE ST Mid Cap 781.72 +0.89 FTSE ST Small Cap 561.60 -1.85 FTSE ST All Share 819.39 +3.79 FTSE ST China Top 200.81 +0.86 FTSE ST China 230.55 +1.57 FTSE
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      886 6  -  Compiled by JOYCE HOOI Soilbuild Business Space Reit July 31 close: S$0.81 DBS Group Research, July 31 Q2 2014 results beat forecasts: Gross revenues and net property income grew 0.9 per cent and 3.4 per cent to S$16.7 million and S$14.0 million, respectively. The stronger performance was driven
      Source: Bloomberg  -  886 words
    • Article, Illustration
      Lock icon Sterling hits 7-week low vs US dollar
      553 6 CURRENCIES Reuters [LONDON] Sterling hit a seven-week low against the dollar yesterday after US labour costs posted their biggest rise in over 5½ years in the second quarter, adding to the case for a rise in dollar interest rates sooner rather than later.
      Reuters; PHOTO: BLOOMBERG  -  553 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME Artivision Tech 120,882,000 IHC 93,552,000 Xpress 53,607,000 Jaya 51,690,000 CapitaLand 40,344,000 Golden Agri-Res 37,982,000 OLS Enterprise 36,778,000 Terratech 36,332,000 Equation 28,354,000 SingTel 27,457,000 VALUE($) DBS Grp 180,814,948 CapitaLand 138,137,105 SingTel 111,129,290 OCBC Bank 99,175,065 UOB 74,972,210 Global Logistic 63,101,830 Keppel Corp 52,406,100 HongkongLand USD 51,021,692 Goodpack
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    • Article
      Lock icon RISES
      107 6 BY CENTS CLOSE UP UOB.ES.1407 2409 53.0 2.2 JMH 400 USD 5997 48.6 0.7 DBXT FTVietnam 10US$ 2799 29.9 0.9 Jardine C&C 4650 18.0 0.4 DBXT S&P Short 10US$ 2385 16.2 0.5 HongkongLand USD 685 15.0 1.8 CityDev 1058 14.0 1.3 DBS Grp 1822 14.0 0.8 Venture Corp 811
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    • Article
      Lock icon FALLS
      130 6 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -247.0 -1.4 DBXT AUDCS 5US$ ***** -195.8 -0.8 SPDR DJIA 10US$ ***** -195.8 -0.9 SPDRS S&P 500 10US$ ***** -193.3 -0.8 DBXT USDIGInfl 5US$ ***** -165.9 -0.5 DBXT Nifty 10US$ ***** -117.2 -0.7 DBXT AUDCS 5SG$ ***** -115.0 -0.5 DBXT MSKorea
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    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 6 DAILY
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  • SINGAPORE NEWS
    • Article
      Lock icon Dismal sustainability reporting by listed firms
      563 8  -  Only 160 listed companies involved in reporting sustainable efforts By SHEENA TAN tsheena@sph.com.sg SINGAPORE is far behind its neighbours when it comes to sustainability reporting, despite a two-fold increase in the number of mainboard-listed companies communicating their sustainability efforts. Out of 537 listed companies
      563 words
    • Article, Illustration
      Lock icon Panasonic indoor vegetable farm goes commercial
      364 8  -  By AMANDA EBER aeber@sph.com.sg SINGAPORE’S first licensed indoor vegetable farm, set up by Panasonic Factory Solutions Asia-Pacific, announced its first commercial supply of vegetables yesterday. The pilot commercial supply of vegetables from its 248-square-metre indoor agriculture facility will be supplied to the Ootoya chain
      364 words
    • Article
      Lock icon Same PIN for cards, phones puts consumers at risk
      320 8  -  By ANGELA TAN angelat@sph.com.sg REMEMBERING different PIN codes for a variety of cards and gadgets can be a challenging task. Hence, it is no surprise that 85 per cent of Singaporeans use the same PIN code, or personal identification number, for
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    • Article, Illustration
      Lock icon Deloitte, DBS top guns bag accountant awards
      557 8  -  By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT DELOITTE Singapore chairman and CEO of Deloitte Asia-Pacific, Chaly Mah, and DBS Group chief financial officer (CFO), Chng Sok Hui, have been named Accountants of the Year in the inaugural Singapore Accountancy Awards organised by the Institute of
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    • Article
      Lock icon Six more firms sign on to spexBusiness network
      516 8  -  They will give career development support to athletes By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT SINGAPORE sports received a boost yesterday as another six businesses came on board to provide career development support to key national athletes. Amore Fitness, Borneo Motors Singapore, DBS Bank,
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    • Article
      Lock icon Manchester Business School’s Singapore centre moves to CBD
      421 8  -  By VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT MANCHESTER Business School’s Singapore centre announced yesterday that it has moved to its new premises in the central business district to accommodate rising student enrolment. The new centre was opened by Nigel Banister, the school’s chief global
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  • VISIONARIES
    • Article, Illustration
      Lock icon A globe-spanning ambition
      1482 9  -  Douglas Foo’s goal is to have 30,000 Sakae Sushi outlets around the world, even if it doesn’t happen during his lifetime, Francis Kan reports reports Francis Kan AFTER spending two months in the United States late last year, Douglas Foo returned to Singapore with renewed belief. For
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  • Page 9 Advertisements
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      48 9 WELCOME TO THE ELECTRIC AGE See the BMW 18 and BMW 13 first at the BMW World 2014. Visit bmwworld.sg I m LjB Y i* •J V-iL fZp. BMW EfficientDynamics Less consumption. More driving pleasure. i'l n/; A A '*T > «<< v L 9L N hf.ll I I. V
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Foreign investors more keen on M’sian stocks than locals
      567 10 Asian markets eyeing small to mid-cap companies: CIMB research head [PETALING JAYA] Investors are hungry for stock ideas and appear to be looking for reasons to be more bullish on Malaysia, said CIMB Research head Terence Wong in his Asia Marketing
      567 words
    • Article, Illustration
      Lock icon Newmont trying to restart Indonesia mine exports
      417 10 It is turning to negotiation with govt, arbitration Reuters [VANCOUVER] Newmont Mining Corp will stick to a “parallel path” of arbitration and negotiation with the government of Indonesia in an attempt to resolve an impasse over copper concentrate exports, the company’s chief executive
      Reuters; PHOTO: BLOOMBERG  -  417 words
    • Article, Illustration
      Lock icon Ringgit on longest stretch of monthly gains in 2 years
      498 10 Bloom berg [KUALA LUMPUR] Malaysia’s ringgit headed for its longest stretch of monthly gains since 2012 on speculation that fund inflows will quicken as the nation’s economic outlook improves. Local-currency bonds returned 0.7 per cent in July in the best
      Bloomberg; PHOTO: BLOOMBERG  -  498 words
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      440 10 The Business Times Ik I 1 Toll free 1800-289-8822 I M I I Email noticesiasph.com.sg M V i B j J www.sphclass.com.sg/notices @,>:+:+"''/"=[".^$\++(~|;-($"`} In the Matter of The Companies Act, Cap. 50 And In the Matter of ALLIED METALCRAFT INTERNATIONAL (ASIA PACIFIC) PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg.
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      1030 10 THEATLAS ICE COMPANY, BERHAD (INCORPORATED IN MALAYSIA)(1302-W) NOTICE OF DIVIDEND AND CLOSURE OF BOOKS The Board of Directors has declared an interim single tier dividend of 10 sen per stock unit in respect of the financial year ending 30 September 2014 which is payable on 05 September 2014. NOTICE IS
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  • CHINA/INDIA
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      1108 11 THE BUSINESS TIMES Ik I 1 I Toll free 1800-289-8822 I I I B Email noticeswsph.com.sg I J I I j B www.sphclass.com.sg/notices INTRACO LIMITED (Co. Reg. No. *****0526Z) (Incorporated in the Republic of Singapore) LOST CERTIFICATES Application has been made to the Directors of the abovenamed Company to issue
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      413 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OSG SHIP MANAGEMENT ASIA PACIFIC PTE LTD (MEMBERS’ VOLUNTARY LIQUIDATION) REG NO. *****0600E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the above named Company duly convened and held at 20 Cecil Street, #15-03 Equity
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  • WORLD
    • Article, Illustration
      Lock icon Argentina braces for impact of 2nd default in 12 years
      670 12 Borrowing costs will rise, peso will come under pressure and inflation may rise Reuters [BUENOS AIRES] Argentina defaulted for the second time in 12 years after hopes for a last-minute deal with holdout creditors were dashed, setting up stock and
      Reuters; PHOTO: REUTERS  -  670 words
    • Article, Illustration
      Lock icon Sanctions imperil billions in funds to Russian firms
      525 12 Bloomberg [NEW YORK] Escalating European Union and US sanctions jeopardise access to funding for Russian companies, threatening to cut them off from international capital markets that have provided at least US$600 billion in debt and equity financing since the country emerged from
      Bloomberg  -  525 words
    • Article
      Lock icon Asian banks avoid Russian involvement
      625 12 Lenders with US branches and subsidiaries do not want to upset Washington Reuters [SINGAPORE] Russian banks and companies shut out of Western funding markets are unlikely to be greeted with open arms and ready wallets in Asia, international bankers and industry experts say. New sanctions
      Reuters  -  625 words
    • Article
      Lock icon As Abenomics halo fades, Tokyo IPO investors press for value
      685 13 Pricing is key amid poor shows by some issues, say analysts Reuters [TOKYO] At the New York Stock Exchange last September, buoyed by high hopes for Japan’s economic revival, Prime Minister Shinzo Abe urged Wall Street to “Buy my Abenomics!”
      Reuters  -  685 words
    • Article
      Lock icon Tokyo bourse eyes night trading, moves towards longer hours
      501 13 Bloomberg [TOKYO] Tokyo’s stock exchange moved a step closer to lengthening the developed world’s shortest trading day after an advisory panel said that the bourse should consider a separate evening session. Japan Exchange Group Inc (JPX) should first look into night
      Bloomberg  -  501 words
    • Article
      Lock icon Ebola outbreak fears grow; Europe, Asia on alert
      520 13 A leading medical charity warns the epidemic is out of control AFP [LONDON] Fears that the west African Ebola outbreak could spread to other continents grew on Wednesday, with European and Asian countries on alert and a leading medical charity warning the
      AFP  -  520 words
    • Article, Illustration
      Lock icon Samsung Q2 profit misses estimates, falls 18%
      417 13 Bloomberg [SEOUL] Samsung Electronics Co posted second-quar-ter profit that missed analysts’ estimates on increased marketing for its cheaper smartphones as it tries to fend off competition from Apple Inc and Chinese producers. Net income, excluding minority interests, fell 18 per cent to 6.18
      Bloomberg; PHOTO: BLOOMBERG  -  417 words
    • Article
      Lock icon Vietnam sees rally in rice prices cooling on higher supply
      523 13 India, Thailand increasing sales from stockpiles Bloomberg [HANOI] The rally in rice prices is set to cool as India and Thailand increase sales from stockpiles, boosting global supplies, according to the deputy trade minister of Vietnam. Expanding harvests in other
      Bloomberg  -  523 words
    • Article
      Lock icon IMF raises several red flags in report on Japan’s economy
      597 14  -  Abe’s ‘third arrow’ may not be enough to ensure continued growth, it says By ANTHONY ROWLEY in Tokyo THE International Monetary Fund (IMF) raised a number of red flags yesterday in a report on Japan’s economy in which it warned
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    • BRIEFING
      • Article
        Lock icon Mizuho, Sumitomo post sharp fall in Q1 profits
        83 14 Reuters [TOKYO] Two of Japan’s three biggest banks saw profits fall at double-digit rates in the first quarter as gains in the value of shares the banks owned grew at a far slower rate than last year. Profit fell 38 per cent
        Reuters  -  83 words
      • Article
        Lock icon Asset sales boost Shell Q2 profit
        61 14 AFP [LONDON] Royal Dutch Shell yesterday said that net profits more than tripled in the second quarter, boosted by asset sales and higher oil prices. Earnings after taxation soared by 206 per cent to US$5.30 billion in the three months to June compared with
        AFP  -  61 words
      • Article
        Lock icon PlayStation helps lift Sony Q1 earnings
        70 14 AFP [TOKYO] Sony said yesterday it recorded a 26.8 billion yen (S$325.1 million) first-quarter net profit thanks to brisk sales of its PlayStation 4 console and a weak yen, but said it still expects a full-year loss. Sales rose 5.8 per cent to 1.8
        AFP  -  70 words
      • Article
        Lock icon BNP Paribas reports 4.3b euro Q2 loss
        54 14 AFP [PARIS] BNP Paribas bank yesterday revealed a net loss of 4.3 billion euros (S$7.2 billion) for the second quarter, holed by charges for record US fine for sanctions busting. The bank said the overall loss was also weighed down by charges for
        AFP  -  54 words
      • Article
        Lock icon Time Warner fails to meet analyst forecasts
        59 14 Bloomberg [NEW YORK] Time Warner Cable, the cable company that’s merging with Comcast Corp, reported earnings that trailed analysts’ estimates as Internet customer gains weren’t enough to make up for video subscriber losses. Second-quarter earnings, excluding some items, rose to US$1.89 a share,
        Bloomberg  -  59 words
    • Article
      Lock icon Eurozone jobless, inflation figures paint mixed picture
      466 14 Situation may push ECB to adopt more stimulus measures AFP [BRUSSELS] Eurozone unemployment and inflation data painted a mixed economic picture yesterday, with the jobless rate edging down while softer prices raised question marks over consumer demand, clouding the outlook. Analysts said the
      AFP  -  466 words
    • Article, Illustration
      Lock icon Britain’s fraud office settles Tchenguiz damages claim
      603 14 Head of agency secures £4.5m deal with the brothers Reuters [LONDON] Britain’s Serious Fraud Office (SFO) has averted a £300 million (S$632 million) damages claim over its botched investigation into the Tchenguiz brothers, securing a second out-of-court settlement and closing an embarrassing chapter
      Reuters; PHOTO: BLOOMBERG  -  603 words
    • Article, Illustration
      Lock icon Yukos owners score victory in Europe court
      409 14 AFP [STRASBOURG] The European Court of Human Rights yesterday ordered Russia to pay former shareholders in defunct oil giant Yukos almost 1.9 billion euros (S$3.17 billion). The ruling comes just days after an international arbitration court in The Hague made a similar order
      AFP; REUTERS FILE PHOTO  -  409 words
    • Article
      Lock icon Panasonic to invest in US$5b Tesla battery plant
      348 14 Reuters [TOKYO] Panasonic Corp confirmed yesterday it would invest in US electric carmaker Tesla Motors Inc’s planned US$5 billion lithium-ion battery plant in the US, but said that it had yet to decide on the size of its investment. The Japanese company,
      Reuters  -  348 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      17 12 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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      Lock icon Page 12 Advertisements Column 2
      170 12 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 Rogers
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      103 12 IFBO VIETNAM 2014 International Franchise Business Opportunities 4-6 September 2014 10.00am 5.00pm Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam International franchise brands and business concepts under one roof Get free lessons on franchising from the experts! Pick up useful tips on doing business in Vietnam *Enjoy preferential
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      29 12 INTEGRATION CUP, INTEGRATION NIGHT Food, fun and friendship THREE TIGERS OF INDIAN MEDIA GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • Page 13 Advertisements
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      354 13 MARCO POLO MARINE LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****0073Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of the shareholders of Marco Polo Marine Ltd. (the “Company”) will be held at 10.30 a.m. on 22 August 2014
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  • AVIATION/SHIPPING
    • Article
      Lock icon MPA launches Safety@Sea S’pore campaign
      373 15  -  Drive to safeguard against complacency and raise safety standards: CEO By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT THE Maritime and Port Authority of Singapore (MPA) yesterday launched the Safety@Sea Singapore campaign to increase awareness of safe practices and inculcate a safety-first culture at sea. MPA chief executive
      373 words
    • Article, Illustration
      Lock icon Not all A380s on order will be built, says Airbus
      713 15 Bloom berg [TOULOUSE] Airbus Group NV said that it’s closely monitoring the financial health of customers for the flagship A380 and acknowledged that not all superjumbos on order will get built after it pulled a purchase accord with a Japanese
      Bloomberg  -  713 words
    • Article
      Lock icon Air India staff nabbed for smuggling gold
      171 15 Reuters [NEW DELHI] Indian authorities have found 13 cases of gold smuggling by employees of the national carrier, Air India, over the past three years and the current year, the junior civil aviation minister said on Wednesday. India, the biggest buyer of gold
      Reuters  -  171 words
    • Article, Illustration
      Lock icon Trial over Malaysian plane crash not likely at ICC: Dutch minister
      442 15 Reu ters [AMSTERDAM] The Netherlands or Malaysia is likely to try those responsible for the downing in Ukraine of Malaysia Airlines flight MH17, not the International Criminal Court (ICC) in The Hague, the Dutch said on Wednesday. Cases are
      Reuters; PHOTO: AFP  -  442 words
    • Article
      Lock icon Owner of record-setting tanker seeks refinancing
      560 15 Record rates for Jones Act ships has raised its valuation Reu ters [NEW YORK] The Jones Act tanker that set records for day rates may now be refinanced, as its private equity owner seeks to profit after an unexpected jump in rates for US-flagged
      Reuters  -  560 words
    • Article
      Lock icon MH370 survey ships making progress
      320 15 AFP [SYDNEY] Two ships surveying the sea floor where Malaysia Airlines Flight MH370 is thought to have crashed are making steady progress with a deepwater search to get underway in September, Australian authorities said yesterday. Since May, experts have been surveying an area of about
      AFP  -  320 words
    • Article
      Lock icon TRANSPORT STOCKS
      250 15 SGX '000 Jul 31 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.29 unch 66 Cosco Corp 0.72 0.01 495 Cwt Limited 1.69 -0.01 280 Ezra Hldgs 1.18 unch 2213 First Ship Lea 0.47 Grand Banks..............unch unch 0 Jaya Hold Ltd 0.06 unch ***** K1Ventures 0.21 0.01 1984
      250 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Mind the GAAP with tech firms
      463 16 EDITORIAL NO stock is more divisive than a tech one, it seems, where two investors can look at the same set of numbers and come to at least two different conclusions. On Tuesday, two different numbers from Twitter’s second-quar-ter results fought for investor attention:
      463 words
    • Article, Illustration
      Lock icon Resolution of Sino-US audit issues good for investors
      813 16  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 TWO years ago, Hong Kong’s market regulator, the Securities and Futures Commission (SFC), took accounting firm Ernst Young to court to force it
      813 words
    • Article, Illustration
      Lock icon Values-based governance as part of our corporate DNA
      1090 16  -  Should directors look beyond the interests of shareholders, employees and creditors? By STEFANIE YUEN THIO The writer is joint managing director of TSMP Law Corporation in Singapore WE live in a complicated world, one where we are increasingly dependent on the corporate
      PHOTO: YEN MENG JIIN  -  1,090 words
    • Article, Illustration
      Lock icon Bonds of the diaspora
      842 17  -  The income earned by nationals working abroad and sent back home is an under-exploited financial resource By MAHMOUD MOHIELDIN, DILIP RATHA The writers are, respectively, Corporate Secretary and the President’s special envoy at the World Bank and head of the World Bank Migration and Remittances Unit
      Project Syndicate; PHOTO: DESMOND WEE/THE STRAITS TIMES; BT Graphics: Ludwig Ilio; Source: The World Bank, World Development Indicators and DEC Prospects Group estimates  -  842 words
    • Article, Illustration
      Lock icon When will India manage its water resources properly?
      885 17  -  YOGI AGGARWAL DESPITE a strong revival of India’s south-west monsoon in July, the overall shortfall in rain this season is still an uncomfortably high 31 per cent, though this is down from the 43 per cent shortfall at the end of June.
      PHOTO: AFP  -  885 words
    • Article, Illustration
      Lock icon It would be a pity if the DAJA light is extinguished
      862 17  -  ANTHONY ROWLEY Tokyo Correspondent FOR the past 10 years around this time, I and several colleagues have been used to laying in quantities of “midnight oil” which we then proceeded to burn late into the night reading hundreds of
      862 words
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  • PROPERTY
    • Article
      Lock icon Industrial space oversupply seen worsening
      538 18  -  Colliers cites rules on use of space and mismatch between demand and supply By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] A mismatch between demand and supply of industrial space, especially in the multi-user segment, could exacerbate already rising vacancies due to imminent oversupply. Such mismatch, according
      538 words
    • Article, Illustration
      Lock icon Mayoral mansion dresses down for new occupant
      496 18 NYT [NEW YORK] Mayor Bill de Blasio never looked comfortable amid the formal interiors and ornate staterooms of Gracie Mansion, the museum-like residence where he and his family moved this week. Centu-ry-old chandeliers and antique cabinets are not exactly in keeping with the
      NYT; PHOTO: REUTERS  -  496 words
    • Article
      Lock icon India’s Bengaluru posts record home sales
      251 18 Bloomberg [SINGAPORE] Home sales in Bengaluru, India’s information technology hub, rose to a record in the June quarter as new projects boosted demand, according to Liases Foras Real Estate Rating Research Pvt. Sales in the city, home to the Indian units of Intel Corp
      Bloomberg  -  251 words
    • Article, Illustration
      Lock icon Londoners cashing out, selling houses in city
      1039 19 They are buying suburban, country homes as they expect rates to rise Bloomberg [LONDON] For equity-deriv-atives broker Andrew Adamson, it was a trade too good to pass up. In October, he was offered £1,000 (US$2,100) per square foot for his London townhouse. Other
      Bloomberg; PHOTO: BLOOMBERG  -  1,039 words
    • Article
      Lock icon Australian digital ad firm invests in iProperty
      234 19  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] REA Group, an Australian digital advertising business and affiliate of News Corp, has come on board to become one of iProperty Group’s major shareholders. It has taken over French property portal SeLoger.com’s 17.2 per cent stake, worth
      234 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      520 18 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The Business Times CLASSIFIED BUY IT SELL IT FIND II D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D11 21 HOUSE FOR SALE CHANCERY HILL VILLAS
      520 words
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      Lock icon Page 18 Advertisements Column 2
      136 18 D17 HOUSE FOR RENT 27A TOH AVENUE Semi-D Newly rebuilt 3500/ 5000 sqft. 2storey attic. 5+1 bedrooms pool. Available Immediate. Call 9863 5635/ 9727 2996 D03 APARTMENT FOR RENT RIVER PLACE River Place 2 Bedroom Duplex 1970 sqft. Double volume ceilings. Roof garden with Jacuzzi. Minutes to CBD and Orchard.
      136 words
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  • Page 19 Advertisements
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      474 19 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The Business Times CLASSIFIED BUY IT SELL IT FIND IT D01 SHOP FOR SALE CLUB STREET 4-Storey shophouse. Approx 4000 sf. Beautiful renovations. Suits retail/ corporate office. Rarely available. VTO. Also for rent. Lynn Yeo 9664 4664 D05 WAREHOUSE FOR SALE CITILINK
      474 words
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      Lock icon Page 19 Advertisements Column 2
      53 19 D22 FACTORY FOR RENT FOOD FACTORY 1) Enterprise Ctr Bt Batok 2) 15 Woodlands Loop 3) Food Xchange admiralty 2239/ 2600/ 2788/ 2799/ 5575sqft, Connie *****910 REMAX D22 WAREHOUSE FOR RENT INTERNATIONAL ROAD Good 12,000 sf B2 Warehouse cum Office near International Road. Low rental. Immediate availability. Must view! Catherine
      53 words
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  • Article
    Lock icon SHIPPING TIMES
    2119 20 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    2,119 words
  • Page 20 Advertisements
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      54 20 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the Business times Shipping Times PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The
      54 words
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  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      53 21 SpotlightAward Wins Recognition Come publicise your Award Wins Recognition, Ship Christenings Delivery of New Builds, Project Completion, Vessel Conversion Refurbishment, and Company Anniversaries. There’s no better way to anchor your company to new opportunities than with an advertisement in the SPH fleet of newspapers. Call Joe Wong at 9620 1327
      53 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4186 22 Transaction date: Jul 31 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 Last 13.3 10.4 8Telecom Day Last Quote --AAT Net M Cap High 156 130.4 AIMSAMP Cap Reit 149.5cd +0.5 586
      4,186 words
    • Article
      Lock icon SGX CATALIST
      416 23 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 32.5 23 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap 43.5 30.5 t Alliance Mineral...............................32.5 -1.5 9728 34.5 30.5
      416 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10939 23 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Aloha EuncTCI A! Aberdeen Asset Mgt Asia Limited 1.59/ APS Alpha Fund (USD)!* 1.28/ Aberdeen Asset Mat Asia Limited Global Emerging Markets!** .2 0915/ China Opportunities 2 956/ EM Local Ccy Bond AllianceBernstein (S'pore)
      10,939 words
    • Article
      Lock icon GLOBALQUOTE
      249 23 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 62 43 AVJennings A54 -3 2 54 54 54 56 3.6 6.5 4.4 199.9 Last 343 240 TanChongInt HK324 +1 39 325 324 324 328 9.7 3.2
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    • Article
      Lock icon SGX ETF
      1094 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF Last 135.5 119 CIMB APAC Div 100S$D 135.1 +0.3 135.1 135.1 133.6 136.3 108.4 94 CIMB APAC Div 100US$ US108.3
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      658 24 Jul 31 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.78 *****.66 *****.85 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****9 Dec14 *****.00 *****.00 *****.00 *****.00 2 ***** MSCI TAIWAN INDEX FUTURES SPOT 340.65 340.65 334.65 Aug14 339.50 340.40 332.30 332.40 ***** *****3 Sep14 339.10
      658 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Jul 30 Index Change Change Change Change Change Change World Preliminary 1241.4 -0.2 4.8 -0.1 3.3 -0.3 4.7 EAFE Preliminary 974.4 -0.2 1.9 -0.3 0.4 -0.6 1.8 Europe Preliminary 1385.0 -0.5 2.2
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 24 Jul 31 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.016 5.743 0.695 7.213 56.188 107.746 0.957 9.567 2.970 1.095 91.948 40.465 1.161 9.942 0.845 27.927 29.776 0.551 0.931 Canada 0.985 5.655
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    • Article
      Lock icon SIBOR
      39 24 Jul 31 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 24 Jul 31 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-16 101.14 101.23 101.16 5-Year NX*****W 2.5 01-Jun-19 105.76 105.85 105.85 10-Year NY*****H 3.000 01-Sep-24
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    • Article
      Lock icon PRECIOUS METALS
      122 24 Jul 31 GOLD(US$/oz) Jul 31 Jul 30 Hong Kong 1298.00 1301.00 Jul 30 Jul 29 London 1293.87 1298.46 1294.63 1299.25 Source: Thomson Reuters CAST BAR Jul 31 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 311 257 10gm 580 516
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    • Article
      Lock icon PALM OIL
      57 24 Jul 31 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2320.0 2318.0 2330.0 2313.0 627 2423 Sep 14 2293.0 2290.0 2301.0 2273.0 2457 ***** Oct 14 2272.0 2265.0 2279.0 2246.0 ***** ***** Nov 14 2272.0 2264.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 24 Jul 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1607 1.1610 0.9306 0.9307 Canadian dollar 1.1426 1.1434 0.9166 0.9161 Euro 1.6713 1.6716 1.3399 1.3401 NZ dollar 1.0595 1.0599 0.8494 0.8497 Sterling pound 2.1068 2.1074 1.6891 1.6894
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 24 Jul 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1220.50 1226.50 1235.75 1215.00 Sep 14 1102.25 1121.50 1123.50 1100.00 Nov 14 1081.25 1095.00 1098.25 1076.50 Jan 15 1089.00 1102.25 1105.50 1084.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14
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    • Article
      Lock icon LIFFE
      95 24 Jul 30 COCOA (£/tonne) Close Prev High Low Sep 14 2004 1980 2008 1978 Dec 14 1978 1952 1982 1950 Mar 15 1941 1924 1942 1919 May 15 1925 1911 1926 1908 COFFEE(US$/tonne) Close Prev High Low Jul 14 2047 2034 2051 2042 Sep 14 2037 2034 2043 2022
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1001 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 3.6 -0.1 2478 1 2 58 Exer Price Ascendas REIT MB eCW*****3 2.4 0.2 230 4 Asiatic Grp(Hldgs) Ltd W*****5 2.3 unch 106 0.0
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 24 CRUDE OIL PRODUCTS Jul 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.04 -0.28 WTI (Near Mth) 99.89 -1.01 Dubai (1-Mth F) 105.47 -0.34 Tapis blend 109.76 -0.29 Minas 105.46 -0.29 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.72 -1.56 Jet Kerosene 119.60 0.40 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Jul 31 S$ Bid Offer 1-month 1.2473 1.2474 2-months 1.2473 1.2474 3-months 1.2472 1.2474 6-months 1.2471 1.2472 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 24 Jul-30 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2011.00 1965.50 3 months 2022.00 1982.00 Copper, Grade A(US$/tonne) Cash 7157.25 7102.50 3 months 7125.00 7082.00 Lead(US$/tonne) Cash 2248.25 2252.00 3 months 2260.00 2267.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Jul 31 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.188 1.132 Can dollar 1.163 1.119 Euro 1.707 1.626 Sterling pound 2.146 2.064 NZ dollar 1.082 1.041 US dollar 1.270 1.210 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      161 24 Jul 31 $S Offer Bid 0vernight 0.10 0.05 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.08 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • executive lifestyle
    • Article, Illustration
      Lock icon Crowdfunding goes specialist
      550 25  -  Crowdfunding has been around for a couple of years now but it has evolved into niche platforms in recent times. RACHEL LOI speaks to some of these new entrants to find out how they stand out from the crowd and what customised services they offer RACHEL LOI
      550 words
    • Article, Illustration
      Lock icon Publishing made easy with pre-orders
      515 25 Publishizer www.publishizer.com GUY Vincent started off wanting to publish a book. When he did an e-book titled Waking Up Early he soon found out that self-publish-ing was not as easy as it seemed. After heading the e-book division at Tien Wah Press one of the
      515 words
    • Article, Illustration
      Lock icon Gauging demand for music acts
      532 25 StartMyGig www.startmygig .com I S there a musician you like, but have no hope of watching him live because his band is too obscure for any promoter to bring to Singapore? StartMyGig makes use of the crowdfunding model to gauge demand for overseas acts, as
      532 words
    • COVER STORY/CINEMA/MUSIC
      • Article, Illustration
        Lock icon Transparency wins funds
        492 26  -  By RACHEL LOI Geofundit www.geofundit.com/beta THE success of a crowdfunding campaign lies in, among other factors, its transparency. If people know what you’re doing with their money, they’re more likely to trust you, and give you more. This works out well for non-profit organisations (NPOs), where transparency
        492 words
      • Article, Illustration
        Lock icon Irreverent humour saves the plot
        608 26  -  Guardians of the Galaxy doesn’t take itself too seriously but instead just focuses on delivering two hours of solid entertainment, says DYLAN TAN DYLAN TAN I T doesn’t take super powers for a 75-year-old comic book institution to realise that the time for reinvention is
        608 words
      • Article, Illustration
        Lock icon Jazz giants to kick off new music series
        509 26  -  By DYLAN TAN dylantan@sph.com.sg@DylanTanSYBT THE local concert calendar just became a lot more sophisticated and classy with three jazz royals making their way here from this month onwards. Trumpeter Arturo Sandoval; keyboardist Herbie Hancock; and guitarist Pat Metheny are set to bring
        509 words
      • Article, Illustration
        Lock icon A waste of everybody’s star wattage
        569 26  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT OLD isn’t gold as writer-di-rector Rob Reiner achieves comedy bronze, at best, with his sweet-natured but terribly-dated senior-citi-zens romantic-comedy, And So It Goes. It is every bit as nonchalant as the title (named after a 1990 Billy Joel song)
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    • ARTS
      • Article, Illustration
        Lock icon Classic Indian poetry inspires two new plays
        718 27  -  Poems by Tagore and Kalidasa are the springboard for The Necessary Stage’s upcoming productions, reports HELMI YUSOF reportsHELMI reportsHELMI YUSOF helmi@sph.com.sg @HelmiBT HARESH Sharma is Singapore’s most prolific playwright. He has chalked up almost 110 plays in three decades, many examining “touchy” issues
        FILE PHOTO  -  718 words
      • Article, Illustration
        Lock icon Seeking a happy ending
        282 27 GITANJALI (I FEEL THE EARTH MOVE) BASED on Rabindranath Tagore’s poetry collection, the play stars Padma Sagaram as Savitri, the ageing owner of a traditional dance school in India who is searching for a successor to run the school. Says director Alvin Tan: “Classical Indian dance
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        508 27  -  By GEORGINE VERANO gverano@sph.com.sg IN May, rising star Mina Kaye blew the audience away in Pangdemonium’s The Rise And Fall of Little Voice, with her powerhouse vocals and uncanny gift for impersonating singers such as Shirley Bassey, Marilyn Monroe and Judy Garland. But in
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        310 27 CLOUD MESSENGER IN Kalidasa’s original lyric poem Meghaduta, a yaksa (nature spirit) pining for his wife persuades a passing cloud to help him send her a love message. The cloud agrees to do so, only after the yaksa describes in detail all the astonishing sights and
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        738 28  -  Installations from 11 Asian artists will explore nine different senses to fully engage audience, reports RACHEL LOI reports RACHEL LOI rachloi@sph.com.sg @RachelLoiBT AS kids, we learn about the five senses sight, smell, taste, touch and hearing. But in recent years, science has added more
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        Lock icon Passionate about porcelain
        596 28  -  By RACHEL LOI rachloi@sph.com.sg @RachelLoiBT PORCELAIN is a lot more than just dainty teacups to sip from with your scones and clotted cream. You can literally trace the history of China even the world with it, as a new exhibition at the Asian Civilisations Museum (ACM) seeks
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        Lock icon Looking at history through a contemporary lens
        982 29  -  Yee I-Lann creates powerful images of culture and power, reports CHEAH UI-HOON uihoon@sph.com.sg I MAGES speak volumes, and artist Yee I-Lann knows that well, having built her career on shaping archival images into visual, pointed narratives set in today’s context. The East Malaysian
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        Lock icon Hitting the high notes at Singapore Lyric Opera Gala
        490 29  -  BY GEORGINE VERANO gverano@sph.com.sg IF you want to end August on a high note literally then get your tickets to the popular Singapore Lyric Opera Gala. This year’s concert will feature the Singapore debut of two international opera stars Kishani Jayasinghe,
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        Lock icon Reflections on life, death and solitude
        670 29  -  By CHEAH UI-HOON uihoon@sph.com.sg MAYBE it was because he was alone in Berlin in the middle of a harsh winter, but when artist Michael Lee heard of an army mate who died alone at home in Singapore, that got him thinking about death and
        670 words
      • Around Town
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          279 29 The Boys in the Band: Mart Crowley’s thought-provoking The Boys in the Band takes to the Singapore stage as a follow-up to the critically acclaimed Take Me Out. It’s the second of Tim Garner Productions’ series of lesbian, gay, bi-sexual, transgen-der-themed plays which aims to create
          279 words
        • Article
          Lock icon Exhibition
          143 29 Istana Art Event: The Istana Art Event is back, with plenty of family-themed programmes on the itinerary. Held in conjunction with the Istana Open House, the event offers participants a series of activities presented by a range of museums and institutions at the Arts and Heritage Village. Interactive art
          143 words
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          139 29 Celebrity Chef Dine Around: Fancy having dinner for a good cause? You can at Celebrity Chef Dine Around. Taking place at Marina Bay Sands, guests will enjoy a fabulous dinner with award-winning cuisine including signature dishes from CUT by Wolfgang Puck (Pork Belly Sandwich, Shrimp “Cocktail”), Osteria and Pizzeria
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          136 29  -  Compiled by GEORGINE VERANO gverano@sph.com.sg Common Man Green Project: Common Man Coffee Roasters debuts their first-ever Green Project a farmer’s market that aims to introduce and educate the public about sustainable farming and foods through a curated line-up of local artisanal items. The project acts not only as an
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    • WINE
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        Lock icon Ah, the taste of Chablis and Pouilly-Fuisse
        1084 30  -  While both are very age-worthy budget white burgundies, the latter has the advantage of being drinkable even when young, says NK YONG NK YONG I T may seem somewhat of a downgrade to include Chablis in a discussion of budget burgundies, but Chablis
        PHOTO: NK YONG  -  1,084 words
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      185 27 ST 0 'ERTl Seminar Showcase 2014 Singapore Malaysia r; ,1111 I I f iP Raffles City Convention Centre, Stamford Ballroom Level 4 Sunday, 31 August 2014 8.30am 5.00pm SEMINAR TOPICS SPEAKERS Private Residential Market in 2H2014 to 2015 Is further price cut expected? Alan Cheong Senior Director (Research Consultancy), Savills
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      358 28 CRYPTIC CROSSWORD Across 1 How a pest’s ruined workplace not nice! (9) 9 Like a ring set aside to be given to a king (7) 10 Metal casing for river plant that’s productive (7) 11 An animal doctor’s taking in duck and a hundred other birds (7) 12 Felt diets
      358 words
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      67 30 To appreciate the finer things in Life, you must first know where they're found Introducing myAudiworld, Singapore's premier automotive privilege programme. A realm of bespoke experiences selected from the spheres of gastronomy, lifestyle, sports, and fashion. A place of exclusivity, created for the refined, and enjoyed by all who drive
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      Lock icon Working together
      160 1  -  Switzerland and Singapore continue to build on their history of strong bilateral ties and cooperation Vincent Wee Swiss-Singapore relations have always been strong with both countries continuing to strive for increased areas of cooperation. The ties are largely economic in nature but are gradually moving into more esoteric
      Photos: Switzerland Tourism; Photo: Swiss Confederation, Federal Chancellery  -  160 words
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      Lock icon Making good things better
      1488 2  -  The longstanding relationship between Singapore and Switzerland should be enhanced and updated for the future. By vincent wee BY VINCENT WEE ENHANCED partnership is the way forward for the Swiss-Singapore relationship. This was brought into sharp focus in the first official state visit of President Tony
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      Lock icon Progress through innovation
      857 4  -  swissnex Singapore recently marked 10 years of fostering public and private partnerships. BY VINCENZO MICCARDI, CHRISTIAN WYSS The writers are junior project managers at swissnex Singapore SWISSNEX Singapore celebrated its 10th anniversary with a two-day event at the Swissôtel The Stamford Singapore and the National Library on
      PHOTOS: SWISSNEX  -  857 words
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      Lock icon A great place to do business
      768 4  -  By SINA PRIES The writer is media relations manager at Switzerland Global Enterprise THE number of foreign direct investments in Switzerland has risen by 25 per cent in 2013, according to a recent survey by Ernst Young. In the rankings of Europe’s most attractive
      PHOTO: BLOOMBERG  -  768 words
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      Lock icon Building on excellent ties
      1030 6  -  There is still room for trade between Singapore and Switzerland to grow, and a need for it to be more balanced. By vincent wee BY VINCENT WEE WHILE Singapore and Switzerland enjoy excellent bilateral economic relations, there is still room for trade to grow and a
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      Lock icon Following you abroad Your Swiss Corporate Bank in Asia
      1151 7 With offices in more than 50 countries around the world, UBS clients are able to benefit from an integrated strategy that harnesses the strength of the bank's global resources in wealth management, investment banking, asset management and corporate banking. Continually enhancing
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      Lock icon Strong pillars help build good ties
      1188 8  -  Community bonds are forged through social events and business networks. BY VINCENT WEE THE four pillars of the Swiss embassy in Singapore play a key role in not only strengthening the Swiss community here but also in building ties between the two countries. These
      FILE PHOTOS  -  1,188 words
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      Lock icon Good combination to go for gold
      1388 8  -  By VINCENT WEE WHEN one deals in precious metals, security is obviously a key consideration in deciding where to locate facilities. But more than that, other factors such as strategic location and good government support are also positive factors. It was the combination of
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      Lock icon Small companies good fit for S’pore
      828 9  -  The city-state provides a central location within the region, quality infrastructure and a highly-skilled workforce. BY VINCENT WEE THE usual image of Swiss businesses in Singapore is that of large corporations usually in the biopharma or chemicals sectors. Swiss-based precious metals refiner Metalor Technologies
      PHOTO: BLOOMBERG; PHOTOS: METALOR  -  828 words
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      Lock icon The original winter destination
      1504 10  -  Switzerland continues to lead the way as it sets new trends in winter sports. BY VINCENT WEE TOURISM has always been a seasonal industry with traditional high and low seasons. The Swiss, being the innovative people that they are, were among the first to break this
      PHOTO: SWITZERLAND TOURISM  -  1,504 words
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      Lock icon Meeting increasingly mature needs
      1187 10  -  By VINCENT WEE THE meetings, incentive, conventions and exhibitions (MICE) tourism market in Switzerland is well established with the country having founded the world’s first national convention bureau some 50 years ago. It has developed from the Association of Swiss Conference Cities to what is today
      PHOTO: SWITZERLAND TOURISM  -  1,187 words
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      Lock icon Big upside to investing in Switzerland
      1013 11  -  Competitive political and economic conditions have brought Switzerland to the top of the World Economic Forum’s ‘Global Competitiveness Report’ for 2013-14. ByVINCENT WEE BY VINCENT WEE THE investment climate in Switzerland is an attractive one, but it is worth reminding investors of the benefits
      PHOTO: BLOOMBERG  -  1,013 words
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      97 1 Making good things better, Page 2 Progress through integration, Page 4 Building on excellent ties, Page 6 Big upside to investing in Switzerland, Page 11 Technologies to drive Singapore’s future? ABB is one of the world’s leading power and automation companies. We provide secure, energy-efficient solutions for the generation, transmission
      97 words
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      74 2 At SwissotelThe Stamford, you are assured of the highest standards of quality reliability and genuine Swiss hospitality. Strategically located in the heart of Singapore with world-class shopping, dining, entertainment, business opportunities, and major transportation nodes at its door step, Swissotel The Stamford offers 1,261 well-appointed guestrooms as well as 15
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      74 2 A private bank unlike any other. A record of dynamic growth. Built on giving clients the service they expect and deserve. EFG is the marketing name for EFG International and its subsidiaries. Singapore: EFG Bank, 25 North Bridge Road, #07-00 EFG Bank Building, Singapore *****4, T 65 6595 4888. In
      74 words
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      54 3 M<5 m m <j r o w [VJ LA'S s ti /v A s <5 SB v? EC m m s V V V 5?: > > > > V m i \\W m x r ROLEX OYSTER PERPETUAL DAY-DATE THE ROLEX CENTRE. ORCHARD ROAD SINGAPORE TEL! 6830 5100 FAX!
      54 words
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      60 4 M V business: My Private bank: g- r r<s fy OA/ />£ V K The leading Swiss private banking group. Since 1890. www.juliusbaer.asia Julius Bar Your private bank. Julius Baer is present in over 40 locations worldwide. From Hong Kong, Shanghai, Singapore, Dubai, Moscow, Milan, Monaco, Frankfurt, London, Guernsey, Nassau
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      78 5 Metalor Singapore provides a full range OF HIGH-QUALITY BULLION PRODUCTS RJC CoC‘ certified and IRAS“ approved refiner Swiss excellence since 1852 O LBMA GOOD DELIVERY REFINER For more information, please contact our Singapore office at: +65 68 63 16 00 sales.sg@metalor.com www.metalor.com "Chain of Custody Certification of the Responsible Jewellery
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      140 6 s S s s s 31 S as ss s ss SS s IT! 65 5S u W 11.1BH I 1 i I' UA. r/ M Bg 5t S iMiaiU” 3 u novation fc± OfOKABlliUUC 2.7 M CuJtivati c or Singapore. Holcim brought its innovative Swiss culture to Singapore. With
      140 words
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      506 7 Recognition by Industry and Clients Awards for excellence 2014 Best Global Bank Euromoney Awards for Excellence 2014 Best Bank in Switzerland 2012, 2013 2014 Asia Pacific Bank of the Year Asia Pacific Equity House IFR Asia Awards 2013 m Best Private Bank Euromoney Private Banking Wealth Management Survey 2013 2014
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      57 9 H EART MADE HAND FI N ISHED Created with Swiss precision and high quality demands. Combined with the love for detail, exceptional bathroom concepts come to life: LAUFEN Palomba Collection 2012, design by L+R Palomba Roca Bathroom Products Singapore Pte Ltd(*****3842Z) 8 Burn Road #12-07 Trivex, Singapore *****7 Tel: +65
      57 words
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      81 11 V ZUG The Swiss Leader Premium kitchen and laundry appliances since 1913. Creative like sculptors and meticulous like Swiss watchmakers. The leader for luxury kitchen faucets. Combining Swiss innovation with technology, precision and fascination. kitchen culture exclusive brands poggen pohl rational HacKer IsUB«ZeRo[ lUIOLFf Kuppersbusch s Ifl C0RHUE Singapore malaysia
      81 words
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      30 12 Swiss quality. The travel version. Fly directly from Singapore to Switzerland and experience how Swiss quality and hospitality can turn any journey into something special. Find out more on swiss.com
      30 words