The Business Times, 15 August 2014

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Microfilm: NL33221
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SCCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Friday, August 15, 2014
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  • Article, Illustration
    Lock icon S’pore companies deemed ready to tackle Ebola
    694 1  -  Half of MNCs worldwide ill-equipped to deal with pandemic: survey BY. KELLY TAY ke||ytay@sph.com.sg @Ke||yTayBT [SINGAPORE] Corporate Singapore should be better prepared for an Ebola outbreak, given the country’s previous experience in tackling pandemics but smaller firms may still struggle, say observers. In
    BT Graphics: Ludwig Ilio; Sources: WHO, CDC  -  694 words
  • Article, Illustration
    Lock icon CDL steps up diversification plan
    837 1  -  Q2 profit falls 33% to S$137.9m due to absence of divestment gains By KALPANA RASHIWALA kalpana@sph.com.sg@KalpanaBT [SINGAPORE] Faced with challenging headwinds in the Singapore property landscape, City Developments Ltd (CDL) will focus on new geographies and products. It is actively looking at Japan and Australia
    PHOTO: ARTHUR LEE  -  837 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,294.83 (-6.58) HST INDEX FUTURES 3,279.00 (-7.00) HSIMSCI 375.98 (-0.85) HSIMSCI FUTURES 374.10 (-2.40) US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.667 2.079 EURO (US$/S$/€ 1.336 1.666 Foreign currency per US$ S$ YEN 102.40 82.10 RM 3.179 2.548 HK$ 7.751 6.213 BAHT 31.88 25.55 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Thursday Change KL COMP 1,861.58 +3.54 NIKKEI 225 15,314.57 +100.94 HANG SENG 24,801.36 -88.98 SET INDEX 1,541.97 -2.58 JAKARTA COMP 5,155.55 -12.72 MANILA COMP 7,061.00 +74.76 SEOUL COMP 2,063.22 +0.86 SHENZHEN B 944.75 -0.16 MUMBAI IND 26,103.23 +184.28 12 noon EDT Change DOW 16,695.40 +43.60 NASDAQ 4,445.52 +11.40
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE MALAYSIA HONG KONG 5.35 6.55 TAIWAN INDONESIA JAPAN TAIWAN 5.036 JAPAN 1.475 CANADA 9.33 SWITZERLAND 0.50 US Source: Bloomberg
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      141 1 PROPERTY BT Property Classifieds PAGES 20, 21 EXECUTIVE LIFESTYLE Behind closed doors EMERGING ENTERPRISES Fighting credit card fraud PAGE 9 VISIONARIES Big plans to grow The Hour Glass PAGE 27 PAGE 11 Read Boardroom Matters, a series of articles from the Singapore Institute of Directors on issues relevant to listed
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      13 1 8 11 887 1 8 1 11 3 0 0 0 0 A-
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      282 2 S’pore firms ready to tackle Ebola CORPORATE Singapore should be better prepared for an Ebola outbreak, given its past experience, but smaller firms may still struggle, say observers. FRONT PAGE CDL steps up diversification plan FACED with challenging headwinds in the Singapore property landscape, City Developments will focus
      282 words
    • Article, Illustration
      Lock icon UOL makes UK debut with £97m purchase in heart of London
      651 2  -  Group hopes to operate a hotel on the site under its Pan Pacific brand By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] In what appears to be a surge of interest among Singapore developers for overseas ventures, UOL Group is making
      651 words
    • Article
      Lock icon MOH: No suspected case of Ebola in S’pore
      266 2  -  By JAN LEE janlee@sph.com.sg [SINGAPORE] Following reports yesterday that the first suspected Ebola victim has been identified in Singapore, the Ministry of Health (MOH) has released an official statement assuring the public that Singapore remains Ebolafree. According to The Straits Times, the
      266 words
    • Article
      Lock icon SingTel’s Q1 profit down 17.4%
      644 4  -  Bottom line hit by one-off items and weaker regional currencies By NISHA RAMCHANDANI By nishar@sph.com.sg @Nisha_BT [SINGAPORE] South-east Asia’s largest telco operator Singapore Telecommunications (SingTel) has posted a 17.4 per cent year-on-year slide in net profit to S$834.6 million for the first quarter ended June
      644 words
    • Article, Illustration
      Lock icon Eurozone recovery stalls in Q2 as German, French economies sputter
      751 4 Reuters [BRUSSELS] Eurozone economic growth ground to a halt in the second quarter as Germany’s economy shrank and France’s stagnated. The zero growth reported by statistics agency Eurostat yesterday was cause for alarm throughout the 18-nation region, which is already
      Reuters; PHOTO: BLOOMBERG  -  751 words
    • Article
      Lock icon Japan’s machinery orders slide 10.4%
      507 4  -  By ANTHONY ROWLEY in Tokyo THE Japanese economy was dealt a further blow yesterday by news that core private-sector machinery orders fell 10.4 per cent in the second quarter from the previous three months the steepest plunge in five years since the global financial crisis.
      507 words
    • Article, Illustration
      Lock icon Lawyers told us we were negligent: Kong Hee
      572 4  -  CITY HARVEST CHURCH TRIAL By CLAIRE HUANG huangjy@sph.com.sg [SINGAPORE] “Shaken to the core” was how the founder of the City Harvest Church felt when he was told by lawyers in early June 2010 that he and his five deputies had been negligent
      PHOTO: WONG KWAI CHOW/THE STRAITS TIMES  -  572 words
    • Article
      Lock icon Thai Beverage Q2 gain up 12%
      159 4 [SINGAPORE] Thai Beverage Public Co’s net profit for the three months ended June rose 12 per cent, from 4.9 billion baht to 5.5 billion baht (S$214.9 million). For the first half of the year, net profit rose 37.2 per cent, from 8.4 billion baht
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      182 2 Organised By Main Sponsor Knowledge Partner (CJa WiiTig RSM Chio Lim vSSrrX Audit Tax Advisory Singapore Indian Chamber of Commerce Industry ESTABLISHED 1*24 NOMINATIONS ARE CLOSING! SICCI DBS 1 SINGAPORE INDIAN M ENTREPRENEUR PP AWARDS 2014 CATEGORY 1: OUTSTANDING ENTREPRENEUR Businesses with an annual turnover of more than S$50 million
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      98 2 Boutique Private Client Services Congratulations on the opening of your Singapore office PPLI Asia Pte Ltd v' V V V J .•SiPPLI Asia Pte Ltd 1 Raffles Place #38-01 Singapore *****6 Website ppliasia.com Email: contact@ppliasia.com (Co. Reg. No. *****3870W Financial Adviser's Licence No. FA*****52-1) Our Valued Partners redefining/insurance rOi <v
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      390 3 AY HINT COUNTRY GARDEN r' Have you ever thought of escaping from your stressful life Come to Country Garden Danga Bay! ■-j > r r i ■1 > 'j .'V I—* J r 1 r* s I V w. tat t J ss YOUR VERY OWN GOLD COAST 70,000sq ft
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      357 4 The Business Times NOTICES r LIQUIDATION SALE ■N Xenon Technologies Pte Ltd (In Liquidation) The liquidator is inviting offers to buy the following assets of Xenon Technologies Pte Ltd (in Liquidation) ["the Company"] on an "as is where is" basis. The Company manufactures flash lamps and flash modules. Assets in
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  • COMPANY NEWS
    • Article
      Lock icon Absence of fair-value gain hits Centurion Q2 profit
      322 5  -  Q2 earnings down 86% despite surge in revenue, higher gross profit margin By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT CENTURION Corp’s sec-ond-quarter net profit plunged 86 per cent to S$7.69 million from the year-ago period’s S$56 million, which included a fair-value gain on investment
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    • Article
      Lock icon Mixed picture for POSH, Pacific Radiance, FSL Trust
      534 5  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT PACC Offshore Services Holdings (POSH) the most recent offshore marine (O&M) stock to begin trading on the Singapore Exchange (SGX) yesterday posted a 57 per cent drop in its second-quarter net profit to US$11.9 million, from US$27.4
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    • Article
      Lock icon Tat Hong Q1 profit down
      202 5  -  By CAI YONG caiyong@sph.com.sg CRANE supplier Tat Hong Holdings reported a 28 per cent fall in net profit, to S$5.96 million from S$8.24 million last year, for its first quarter ended June 30. Revenue fell 6 per cent to S$164 million. The company managed to
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    • Article
      Lock icon Golden Agri: operations in Liberia unaffected by Ebola
      539 5  -  Q2 profit falls 40% despite revenue rise; palm, laurics segment face margin pressure By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT PALM oil plantation company Golden-Agri Resources has said that its operations in the West African country of Liberia are unaffected by the outbreak of
      539 words
    • Article
      Lock icon Genting S’pore Q2 profit falls 27% to S$102m
      420 7  -  Net exchange loss on investments; revenue higher; H1 profit up 29% By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT THE winning streak for casino operator Genting Singapore was predictably volatile as shown by its just released second-quarter results which saw net profit attributable to shareholders
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    • Article
      Lock icon Provision for lawsuit hits Kingsmen
      277 7  -  By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT KINGSMEN Creatives posted a 1.4 per cent year-on-year dip in sec-ond-quarter net profit, hit by a one-off provision linked to a lawsuit in China. It was optimistic about its full-year results, with about S$321 million worth of contracts sewn up,
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    • Article
      Lock icon KS Energy’s Q2 earnings soar on disposal gain
      282 7  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT KS ENERGY’S second-quar-ter net profit rose from S$1.5 million a year ago to S$46.7 million. The better earnings attributable to equity-holders were in part due to a gain of S$54.4 million arising from a disposal of plant
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    • Article
      Lock icon Asiasons, Blumont in loss
      525 7  -  By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT ASIASONS Capital and Blumont Group, two of the companies whose stocks were mauled in last October’s penny-stock crash, were still in the red for their financial second quarter, the main culprit being unrealised fair value losses on financial assets. Yesterday, private
      525 words
    • Article
      Lock icon KrisEnergy’s Q2 loss falls to US$5.8m
      551 8  -  Revenue rises 33.5% to US$22.3m on higher oil output and prices By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT OIL and gas firm KrisEnergy narrowed losses for the second quarter, recording US$5.8 million in total comprehensive loss attributable to shareholders, compared with US$8.2 million a year ago.
      551 words
    • Article
      Lock icon Project revenue recognition quadruples UE’s revenue in Q2
      381 8  -  By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT PROPERTY, engineering and construction group United Engineers (UE) has reported a quadrupling of its quarterly revenue, thanks in large part to it being able to recognise revenue from several properties. UE said yesterday that its revenue for
      381 words
    • Article
      Lock icon Shareholders of Goodpack okay KKR’s bid
      340 8  -  By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT SHAREHOLDERS of local logistics firm Goodpack Limited have approved the scheme of arrangement by private equity player KKR. With this, the takeover bid subject to the court’s grant of an order sanctioning the scheme becomes “effective and binding”, Goodpack
      340 words
    • Article
      Lock icon QT Vascular’s Q2 loss widens on expenses
      274 8  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT BALLOONING administrative and research and development expenses caused Catalist-listed QT Vascular’s net loss for the quarter ended June to widen, from US$11.4 million to US$13.5 million even as revenue tripled. For the second quarter, revenue rose from US$1.03
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    • Article
      Lock icon Japfa’s IPO draws strong demand
      80 8 JAPFA’S initial public offering, comprising an international offer of 231.2 million shares and a public offer of 16.8 million shares, priced at S$0.80 per share, attracted strong investor demand. The public offer was about 9.7 times subscribed while the international offer was about 5.1 times
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market cool to Wall Street bounce
      585 6  -  STI falls in mixed trading; softness attributed to weak trading in HK and poor Europe opening STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent WEDNESDAY’Sbounce on Wall Street failed to have a discernibl e i m p ac t here yesterday, with the Straits Times
      Source: Bloomberg  -  585 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Aug 14 VALUE CLOSE BT OB/OS -743.00 +50.00 BT CADI -*****.00 -6.00 BT 10-day MA -*****.00 -75.00 FTSE ST Mid Cap 768.57 +1.46 FTSE ST Small Cap 552.80 +0.02 FTSE ST All Share 801.47 -0.97 FTSE ST China Top 197.69 +0.23 FTSE ST China 227.01 +0.48 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 3 0 0 0 4 8 3 Manufacturing 39 49 40 5 10 15 44 59 55 Commerce 22 22 19 1 7 5 23 29 24 Tpt/Stor/Comms 13 17 14
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      850 6  -  Compiled by JAMIE LEE Pacific Radiance Aug 14 close: S$1.49 DBS Group Research, Aug 14 CORE chartering net profit (ex-gains on vessel disposals) was up 14 per cent y-o-y and 17 per cent q-o-q to US$14.3 million in Q2 2014, better than our expectations of about US$12 million.
      Source: Bloomberg  -  850 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,858 25,858 66,030 66,030 Manufacturing 221,624 69,209 290,833 112,506 7,048 119,553 Commerce 42,600 27,006 69,606 73,664 2,105 75,769 Tpt/Stor/Comms 109,042 4,331 113,373 159,519 565 160,085 Finance 26,874 143 27,017 151,684 31 151,715 Construction 18,449 26,897
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      119 6 Stock name Close Change Ascendas Reit 2.330 +0.010 CapitaLand 3.290 -0.060 CapitaMall Trust 1.970 CityDev 9.780 -0.270 ComfortDelGro 2.540 -0.020 DBS Grp 17.72 -0.060 Genting Sing 1.275 +0.005 Global Logistic 2.760 +0.010 Golden Agri-Res 0.530 +0.005 HPH Trust USD 0.695 +0.005 HongkongLand USD 6.870 +0.030 JMH
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    • Article, Illustration
      Lock icon Rupee makes best daily gain in 3 mths
      605 6 CURRENCIES Reuters [MUMBAI] The Indian rupee rallied yesterday to close above 60 per US dollar after its best daily gain since the national election in mid-May as anticipation of continued stimulus from central banks globally lifted emerging market assets. Recent geopolitical concerns
      Reuters; PHOTO: AFP  -  605 words
    • Article
      Lock icon RISES
      120 6 BY CENTS CLOSE UP IS DJ US Tech *****157.2 10.5 Lyxor ThaiSET 10US$ ***** 253.1 1.5 DBXT Nifty 10US$ ***** 224.5 1.4 DBXT iBoxxSvEu 5US$ ***** 172.1 0.5 DBXT AUD Bonds 5AU$ ***** 102.2 0.4 DBXT iBoxxUSTr 5US$ ***** 98.5 0.4 DBXT iBoxxKR 5US$ ***** 93.5 0.5 SPDRS S&P
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    • Article
      Lock icon FALLS
      130 6 BY CENTS CLOSE DOWN DBXT USDIGInfl 5US$ ***** -128.4 -0.4 DBXT iBoxxSing 5SG$ ***** -50.0 -0.4 DBXT FTChina25 10US$ 3264 -31.2 -0.8 CityDev 978 -27.0 -2.7 Jardine C&C 4468 -22.0 -0.5 DBXT DBLCI-OY 5US$ 3325 -20.0 -0.5 DBXT S&P Short 10US$ 2392 -17.5 -0.6 Lyxor China H 10US$ 1521
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    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 6 DAILY
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    • Article
      Lock icon MOST ACTIVE STOCKS
      62 6 VOLUME IHC 76,815,000 Mirach Energy 67,716,000 Golden Agri-Res 65,509,000 Blumont 43,577,000 Memstar Tech 42,259,000 Advance SCT 41,303,000 HPH Trust USD 37,066,000 OLS R 36,983,000 APAC Strategic 33,701,000 Polaris 29,740,000 VALUE($) DBS Grp 66,294,890 SingTel 47,496,123 UOB 42,077,380 Keppel Corp 38,675,574 CapitaLand 36,571,520 Golden Agri-Res 34,913,985 HPH Trust
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      448 7 BE EMPOWERED. BE FUTURE READY, NOW WITH SMU EXECUTIVE DEVELOPMENT WOMEN AND LEADERSHIP ASIA LEADERS PROGRAMME IN INFRASTRUCTURE EXCELLENCE (ALPINE) 16–18 SEPTEMBER 2014 27–31 OCTOBER 2014 19–23 JANUARY 2015 A unique leadership development programme for aspiring women leaders with min. 5 years’ working experience, the programme aims to elevate competency
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      204 8 8328 8650 Wine, ITG 1 g Ti l' rs. N o I M w X N W&h :v -rtf 'V A MOONLIT MID-AUTUMN REUNION AT CARLTON Celebrate romantic Mid-Autumn reunion with your family and loved ones with the complete range of exquisite traditional baked mooncakes including signature Moontarts. NEW Mini
      204 words
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      45 8 BT Wine, Dine Hospitality Pages save more than Jr< co\ fuU' c v For advertisement bookings and sales enquiries, please contact: Lawrence Chang 9229 4919 Rachel Khoo 9298 9465 Ellen Lee 9368 3533 Alisa Tan 9154 8381 Francis Yeo *****356 Vanessa Fong 9625 7384 S01
      45 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon New technologies to boost building productivity: Khaw
      764 9  -  Construction sector to get much-needed push via series of govt incentives By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT Source: BCA SINGAPORE’S government is giving the adoption of pro-ductivity-boosting building technologies a further push through a series of initiatives targeted at the laggard construction sector. These
      Source: BCA  -  764 words
    • Article, Illustration
      Lock icon Helping merchants fight credit card fraud
      1022 9  -  Merchants who lose half their revenue claw it back with CashShield system. CAI YONG reports YONGreports CAI YONGreports CONSUMERS often fret about the dangers of online purchases, but merchants are equally vulnerable to credit card fraud. When fraudulent transactions are uncovered, consumers are protected
      PHOTO: ARTHUR LEE  -  1,022 words
    • Article
      Lock icon Ad-tech firm raises S$1m
      298 9  -  Young but ambitious, Adskom sets its sights on South-east Asia By JAN LEE janlee@sph.com.sg HOMEGROWN advertising technology firm Adskom has raised S$1.06 million in funding from investors such as listed Japanese IT firm Digital Garage. The funds will go into the startup’s development of its new
      298 words
    • Article
      Lock icon SPH launches its first amateur golfers tournament
      288 9  -  Winners to represent S’pore at Durban championship in Nov By AMANDA EBER aeber@sph.com.sg SINGAPORE Press Holdings (SPH) is organising a competition to give amateur golfers the chance to represent Singapore in this year’s World Golfers Amateur Championship (WGC) to be held in South
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      85 9 This profile is the eighth of a series of features on the 16 finalists of the Emerging Enterprise Award 2014. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2014 recognises promising enterprises and startups which are up to 10 years old and have an annual
      85 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Brahim’s shares taking hard knock over MAS’s troubles
      530 10  -  The in-flight caterer is down at RM1.57 from RM2.71 the day before MH370 goes missing BY PAULINE NG in Kuala Lumpur INVESTORS are getting more jittery over the fate of in-flight caterer Brahim’s Holdings Bhd, the main customer of which is the
      530 words
    • Article, Illustration
      Lock icon Indonesia keeps key policy rates intact
      568 10 Reuters [JAKARTA] Indonesia’s central bank yesterday reported a larger than expected second-quarter current account deficit, but kept its key policy rates unchanged, and predicted improvement later this year. Bank Indonesia (BI) governor Agus Martowardojo said the benchmark rate in place since November is consistent
      Reuters  -  568 words
    • Article
      Lock icon Petrovietnam eyes stake in US oil firm’s M’sian assets
      465 10 Its offer is above US$1.5b bid by India group: source Reuters [HONG KONG] Petrovietnam has bid for a stake in Murphy Oil Corp’s Malaysian oil and gas assets, challenging other suitors including Mitsubishi Corp and Indian state oil companies, a person
      Reuters  -  465 words
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      152 10 sp 3|fi gw 5.51O10.4 World Golfers Championship ■h SINGAPORE QUALIFIERS 23 and 29 September (pick one or join both) Sentosa Golf Club, Tanjong Course TOP 80 QUALIFY FOR FINAL FINAL 7 October Sentosa Golf Club, Serapong Course ENTRY FEE $588 Entry Fee to play directly in Final $1,288 REGISTER NOW
      152 words
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  • VISIONARIES
    • Article, Illustration
      Lock icon Staying close to the ground
      1120 11  -  Michael Tay is forging ahead with plans to grow The Hour Glass despite tough business conditions, reports FRANCIS KAN THERE isn’t much to cheer about in the high-end watch business these days. A clampdown on the giving of ostentatious gift has hit demand in China,
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    • Article
      Lock icon Art and horology
      156 11 THE Hour Glass executive director Michael Tay is an avid art collector, and sees many similarities between the world of visual arts and fine watchmaking. He visits several international art fairs every year, and rarely walks away empty-handed. Among his favourite works are those by female post-war
      156 words
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      63 11 NOT JUST ANOTHER CAR, AN ELECTRIC REVOLUTION. THE ALL-ELECTRIC BMW 13 IN SINGAPORE. -P3 :MMG3M36-/N6 8L, NK .NKR:IJ/3F ,$7% $79 $S@=T<D;DBU* >;$4$S’ <U*D95;* D7 O*;= *T$99$=S9 DS> $79 ;*4=U57$=SD;Q >*9$’SH 7%* 8L, 9*79 S*2 97DS>D;>9 $S 5;BDS T=B$U$7QF 6DUU I*;)=;TDS@* L=7=;9 D7 Q=5; 7*97 >;$4* 7=>DQF J; 1S> =57 T=;*
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon Foreign firms targeted in antitrust probe
      709 12 China authorities accused of using intimidation tactics to harass firms Bloomberg [BEIJING] Tensions in China’s foreign business community escalated to new highs after European companies protested that local authorities involved in an antitrust crackdown are abusing their power through intimidation tactics. Chinese investigators are
      Bloomberg; PHOTO: REUTERS  -  709 words
    • Article
      Lock icon Co-founder of Alibaba may turn billionaire
      479 12 Xie is second-biggest shareholder of Alibaba’s affiliate Bloomberg [HONG KONG] Simon Xie, an Alibaba Group Holding co-founder and second-big-gest shareholder of its finance affiliate that owns Alipay, may become a billionaire as the estimate for the value of the electronic-pay-ment company rose. Mr Xie,
      Bloomberg  -  479 words
    • Article
      Lock icon Indian gold demand seen falling this year
      294 12 Reuters [MUMBAI] Indian gold demand in 2014 will fall below last year’s record levels as import restrictions are expected to remain in place, despite an improvement in demand in the second half of the year, the World Gold Council (WGC) said. Indian demand
      Reuters  -  294 words
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      1217 12 The Business Times Ik 1 f 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg i j L J www.sphclass.com.sg/notices (Company Registration No. *****9059G) NOTICE OF EXPIRY OF WARRANTS W*****5 TO: ALL HOLDERS OF WARRANTS W*****5 TO SUBSCRIBE FOR NEW ORDINARY SHARES IN MDR LIMITED (THE “COMPANY”) THIS NOTICE IS IMPORTANT
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      588 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AMIAS BERMAN HOLDINGS PTE. LTD. (the “company”) (In Members’ Voluntary Liquidation) (Company Registration Number: *****9593W) (Pursuant to Section 290(2) (b)) At an Extraordinary General Meeting of the Company held on 13 August 2014 at 1 Commonwealth
      588 words
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      181 12 Form 69(3) IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF CHIN HIN PLASTIC MANUFACTURER (SINGAPORE) PTE. LTD. (IN COMPULSORY LIQUIDATION) (Co Reg. No. *****1578M) NOTICE OF DIVIDEND Name of Company Chin Hin Plastic Manufacturer (Singapore) Pte. Ltd. (In Compulsory Liquidation) Address of Registered Office
      181 words
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  • WORLD
    • Article
      Lock icon Greece’s GDP dips by slowest rate since ‘08
      573 13 Q2 contraction of just 0.2% adds to signs that the economy is set to emerge from a six-year recession WP [ATHENS] The Greek economy contracted at its slowest pace in almost six years, adding to signs that the country is set for
      WP  -  573 words
    • Article, Illustration
      Lock icon Aquino may try to change constitution, seek second term
      761 13 Philippine president says he wants his reforms to continue AFP [MANILA] Philippine President Benigno Aquino has said he may try to change the constitution and serve a second term in office, a stunning announcement in a nation haunted by dictatorship. The
      AFP; PHOTO: REUTERS  -  761 words
    • Article, Illustration
      Lock icon London property boom losing momentum
      431 14 Buyer enquiries in biggest fall since 2008, says chartered surveyors body Reuters [LONDON] Momentum behind London’s property boom appears to be fading, according to a survey yesterday that added to signs that rapid house price growth in Britain is starting to moderate. The Royal Institution
      Reuters; PHOTO: BLOOMBERG  -  431 words
    • Article, Illustration
      Lock icon German scientists sound warning on Antarctica ice melt
      264 14 Bloomberg [BERLIN] Antarctica glaciers melting because of global warming may push up sea levels faster than previously believed, potentially threatening megacities including New York and Shanghai, researchers in Germany said. Antarctica’s ice discharge may raise sea levels as much as 37 centimetres
      Bloomberg; PHOTO: REUTERS  -  264 words
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      Lock icon Cisco restructures, cuts 6,000 jobs
      601 15 It expects little to no growth in sales as revenue falls for first time in five years Bloomberg [SAN FRANCISCO] Cisco Systems chief executive officer John Chambers is struggling to revamp the world’s largest networking-equip-ment maker, eliminating 6,000 jobs in a new round of cuts
      Bloomberg; SPH file photo  -  601 words
    • Article
      Lock icon Victoria-era silver pricing goes electronic
      597 15 Plan to also change fixings in gold, platinum, palladium Bloomberg [LONDON] The silver-pric-ing method that begun during the reign of Queen Victoria was due to end yesterday in London as the US$5 trillion market shifts to a more transparent process and regulators expand scrutiny of
      Bloomberg  -  597 words
    • Article
      Lock icon Shell sells more US gas assets for US$2.1b
      253 15 Reuters [LONDON] Royal Dutch Shell announced yesterday the sale of onshore US shale gas assets as the energy company restructures its North America production and reins in costs. Shell said that it had agreed to sell its relatively mature natural gas-producing properties
      Reuters  -  253 words
    • Article
      Lock icon Cliff Richard’s home searched over alleged sex offence
      166 15 Reu ters [LONDON] British police searched the apartment of Cliff Richard, one of the country’s best known entertainers, yesterday in relation to allegations of a historical sexual offence involving an underage boy. They said that they were searching a property in Berkshire,
      Reuters  -  166 words
    • Article, Illustration
      Lock icon Putin’s Ukraine policy hastens flight of money, talent
      773 16 Moscow economists say outflows could total up to US$150b this year Reuters [LONDON] The Kremlin’s worst clash with the West since the 1991 collapse of the Soviet Union has accelerated the outflow of two of Russia’s most prized assets: money and brains.
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  • Page 14 Advertisements
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      2557 14 The Business Times Ik I 1 I /n I 1 p Toll free 1800-289-8822 fl I Email notices@sph.com, sg i i L J www.sphclass.com.sg/notices United Overseas Bank Limited (Incorporated in the Republic of Singapore) Co. Registration No. *****0026Z OPTIONAL REDEMPTION OF US$1,000,000,000 5.375% SUBORDINATED NOTES DUE 2019 CALLABLE WITH STEP-UP
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      277 14 In the Matter of The Companies Act, Cap. 50 And In the Matter of CAPITALAND (M) INVESTMENTS PTE. LTD. (In Members’ Voluntary Liquidation) (Co. Reg. No. *****1360E) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General
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      189 15 ST Se Sh S3 I STPROPERTY INVEST REBATE RM8,888 to first 8 property purchasers iii? Raffles City Convention Centre, Stamford Ballroom Level 4 Sunday, 31 August 2014 I 8.30am 5.00pm SEMINAR TOPICS SPEAKERS a Private Residential Market in 2H2014 to 2015 Is further price cut expected? Alan Cheong Senior Director
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      181 15 CONTENTS Spot short-term potential equities based on daily stock rotation Fundamental interpretation on stock trading Technical application to spot new price extension Calculated risk management versus time-window exit Recording of personal trade journal LEARNING OUTCOME: Trainees may start trading in real market at very low risk immediately after the 1-day
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      29 15 India and Singapore: ALL-WEATHER FRIENDS Our 8-page Independence Day special AIR INDIA SOARS GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      447 16 The Business Times Ik I 1 I /“I I 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg J J i j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF Q.S.L. HOTELS PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2058N
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      396 16 United Overseas Bank Limited (Incorporated in the Republic of Singapore) Co. Registration No. *****0026Z OPTIONAL REDEMPTION OF S$1,000,000,000 4.100% SUBORDINATED NOTES DUE 2019 CALLABLE WITH STEP-UP IN 2014 (“NOTES”) We refer to the indenture dated 24 August 2004 (“Indenture”) entered into by (1) United Overseas Bank Limited (“Company”) and (2)
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      973 16 GUL TECHNOLOGIES SINGAPORE LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****3137E) NOTICE OF BOOKS CLOSURE FOR SELECTIVE CAPITAL REDUCTION Unless otherwise defined herein, all capitalised terms used in this Notice shall have the same meanings ascribed to them in the Circular to Shareholders dated 4 June 2014
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Little elbow room for premium airlines in budget-conscious India
      712 17 Stiff competition in all sectors will result in fewer airlines in country, say analysts Reuters [NEW DELHI] A decade after low-cost carriers (LCCs) led India’s air travel boom, full-service airlines are gearing up for a battle for premium passengers that only
      Reuters; PHOTO: BLOOMBERG  -  712 words
    • Article
      Lock icon TRANSPORT STOCKS
      240 17 SGX '000 Aug 14 S$ +/-Vol Ch Offshore 0.48 -0.01 79 Chuan Hup Hldg 0.30 unch 16 Cosco Corp 0.72 0.02 5094 Cwt Limited...............1.69 -0.03 1431 First Ship Lea 0.09 unch 15 Grand Banks 0.27 0.02 139 Jaya Hold Ltd -0.01 K1Ventures Chuan Hup Hldg Keppel Corp 10.94
      240 words
    • Article
      Lock icon Manila port logjam fans inflation concerns
      624 17 Economic growth expected to be hurt if situation drags on Bloomberg [MANILA] Containers with goods from garlic to microchips are piling up at the main ports in the Philippines six months after a truck ban took effect, causing a supply logjam that’s fanned inflation
      Bloomberg  -  624 words
    • Article
      Lock icon Danish carrier Norden sees no profit for this year
      325 17 Reuters [COPENHAGEN] Danish carrier Norden, one of the biggest dry bulk shipping companies in the world, has said that it would not make a profit this year after posting a loss for the second quarter due to low freight rates and
      Reuters  -  325 words
    • Article
      Lock icon India probes plunge of Jet Airways flight
      200 17 Mumbai-Brussels flight drops 5,000 ft over Turkey airspace Reuters [NEW DELHI] India’s aviation watchdog is investigating why a Jet Airways flight plunged almost 5,000 feet (1,520 metres) over Turkish airspace last week, after some news reports said that one pilot was asleep and
      Reuters  -  200 words
    • Article
      Lock icon Virgin America cabin crew vote to create first union
      355 17 Bloomberg [DALLAS] Virgin America flight attendants voted to establish the first union at the airline partly owned by UK billionaire Richard Branson, ending its status as the largest US carrier without organised labour. Collective bargaining with the Transport Workers Union raises
      Bloomberg  -  355 words
  • Page 17 Advertisements
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      103 17 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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      50 17 2014 MANUFACTURINGSOLUTIONSEXPO Empowering Manufacturing Sectors with Solutions 8 to 10 October 2014 Suntec Convention 8t Exhibition Centre Halls 401 403 ms-expo.com m V 4 > m > To Exhibit: Tel: +65 6319 4021 Email: mse@sph.com.sg To Visit: Pre-register at ms-expo.com Organised by: sphere A SUBSIDIARY OF In partnership with Singapore
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  • EDITORIAL & OPINION
    • Article
      Lock icon Ensure no one falls through insurance crack
      493 18 EDITORIAL THE insurance industry in Singapore is a fairly mature one. A 2012 study commissioned by the Life Insurance Association estimated that 58 per cent of the Singapore population own at least one insurance policy. Among those age 30 to 49, the penetration
      493 words
    • Article, Illustration
      Lock icon Mojo loss of startups in America still a mystery
      701 18  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group [WASHINGTON] American businesses are ageing, I last wrote, and a sharp decline in startup companies is a big reason. As the share of young firms shrinks, the surviving companies are naturally
      The Washington Post Writers Group  -  701 words
    • Article, Illustration
      Lock icon Global water scene not as rosy as officially painted
      1652 18  -  In South Asia, for example, there is no clean water that can be drunk directly from taps By ASIT K BISWAS The writer is Distinguished Visiting Professor at the Lee Kuan Yew School of Public Policy, Singapore, and co-founder of Third
      PHOTO: REUTERS  -  1,652 words
    • Article, Illustration
      Lock icon Hitting ISIS where it hurts most
      1047 19  -  Zeroing in on the terrorists’ cash network and oil operations in Syria and Iraq would disrupt its centre of gravity By PATRICK B JOHNSTON BENJAMIN BAHNEY The writers are, respectively, an associate political scientist and an adjunct researcher, at the RAND Corporation WHEN the
      PHOTO: AFP  -  1,047 words
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      Lock icon Indonesia needs flexibility to adapt to future change
      847 19  -  By ONG SIN BENG The writer is chief Asean economist at JP Morgan DURING and since the 2008 global financial crisis, Indonesia’s economy has surpassed expectations with flying colours. Some of this is owed to China’s pro-growth policies that buoyed commodity markets
      PHOTO: AFP  -  847 words
    • Article
      Lock icon Using new external ideas to make innovation work
      913 19  -  By THOMAS MENKHOFF The writer is professor of organisational behaviour and human resources at the Lee Kong Chian School of Business, Singapore Management University (SMU), and academic director ofSMU’s Master of Science in Innovation programme THERE is widespread belief that firms can
      913 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Modular home builder in Brooklyn hard-pressed to find new home
      1098 20 Location is main edge because transportation is costly in this business NYT [NEW YORK] Across from the Barclays Center sit hundreds of apartments built at a factory in the Brooklyn Navy Yard. They are not part of the Atlantic Yards
      NYT; PHOTO: BLOOMBERG  -  1,098 words
    • Article
      Lock icon HK-listed firm plans casino in Saipan
      224 20 Re uters [HONG KONG] An investor in one of Macau’s largest junket operators plans to build a US$3 billion casino resort complex in the western pacific island of Saipan amid sluggish growth at home, the world’s biggest gambling market. Hong Kong-listed Imperial Pacific International
      Reuters  -  224 words
    • Article, Illustration
      Lock icon London leads UK housing slowdown
      636 21 Surveyors cut price growth forecasts as stricter lending rules weigh on market Bloomberg [LONDON] Bank of England policymaker David Miles said that London’s property market is showing signs of cooling as an index of values in the capital, published yesterday, slipped to a three-year low.
      Bloomberg; PHOTO: BLOOMBERG  -  636 words
    • Article
      Lock icon Dubai’s top two builders turn to bank borrowings
      588 21 Bill delays, cost overruns to blame; working capital coming under pressure Bloomberg [DUBAI] Dubai’s two biggest builders are turning to bank borrowing to help fund projects as a rise in late payments from their customers takes the shine off a booming construction
      Bloomberg  -  588 words
  • Page 20 Advertisements
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      539 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The Business Times CLASSIFIED BUY IT SELL IT FIND IT D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D10 HOUSE FOR SALE GREENLEAF VIEW 2-storey Semi-D.
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      133 20 D11 21 HOUSE FOR RENT GREENBANK SEMI-D Greenbank Semi-D, 4000/ 3500sqft. 5-bdrm, deck pool, greenery, gourmet kitchen. International School. Sept. $9K. Sam 8183 8310. D11 21 HOUSE FOR RENT HUA GUAN AVENUE 2-storey attic. 6+1+1, 5000 sqft. Lovely home with pool. Family with pets will be consider. Joyce Yong 9698
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      428 21 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements THE BUSINESS TIMES CLASSIFIED BUY IT SELL IT FIND IT 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
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      72 21 D09 OFFICE FOR RENT UNITED HOUSE Kramat Lane 1528 sqft Tastefully fitted. Excellent condition. Near MRT. End August. 9615 0066 Tony D10 OFFICE FOR RENT TANGLIN SHOPPING CENTRE #05. 2336 sqft. Window unit. Outside CBD. Ideal for office, clinic, tuition centre and other trades. D14 FACTORY FOR RENT UBI TECHPARK
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  • Article
    Lock icon SHIPPING TIMES
    2134 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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  • Page 22 Advertisements
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      54 22 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
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  • Page 23 Advertisements
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      81 23 Shipping lines seeking reliable Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 Announce Your Corporate Development Come publicise your Project Completion, Ship Christenings Delivery of Newbuilds, Vessel Conversion Refurbishment, Award Wins Certifications, Corporate Image, Corporate Developments and Company Anniversary. There’s no
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4091 24 Transaction date: Aug 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 Company 20 5.1 A-Sonic Aero Sale 97.5 69 ABR (’000) High Low Buyer Seller Div Gr Yld C'vr 13.7 6.7
      4,091 words
    • Article
      Lock icon SGX CATALIST
      480 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32.5 25 t 3Cnergy 500 Last Vol Day 1.9 0.7 t Advanced Systems 0.7 unch 16 0.7 0.7 0.7 0.8 13.6 Last Quote Div
      480 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10858 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** a Cl A! Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond APS Alpha Fund (USD)!* 1.28/ EM Local Ccy Bond American Odd 6 China Opportunities'* Indonesia Equity USD!** Malaysian Equity USD!** EM Local
      10,858 words
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      Lock icon GLOBALQUOTE
      236 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last Vol 343 250 TanChongInt HK322 +4 261 322 318 319 322 9.7 3.3 3.2 6484.8 DISCLAIMER: All information is published “as is” without warranty of any
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    • Article
      Lock icon SGX ETF
      1111 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF Last 136.4 119 CIMB APAC Div 100S$D 136.4 +0.8 136.4 136.4 136.2 137.1 108.8 94 CIMB APAC Div 100US$ US108.8
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      655 26 Aug 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.38 *****.85 *****.90 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****9 Dec14 *****.00 *****.00 *****.00 *****.00 12 ***** MSCI TAIWAN INDEX FUTURES SPOT 337.26 337.31 335.12 Aug14 334.10 336.00 333.90 334.90 ***** *****7 Sep14 334.30
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Aug 13 Index Change Change Change Change Change Change World Preliminary 1221.4 0.6 3.1 0.4 1.7 0.6 2.9 EAFE Preliminary 950.1 0.5 -0.6 0.2 -2.1 0.4 -0.9 Europe Preliminary 1347.7 0.6 -0.5
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Aug 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.015 5.729 0.697 7.217 56.830 108.729 0.954 9.515 2.960 1.096 92.784 40.661 1.162 9.863 0.845 27.953 29.679 0.559 0.931 Canada 0.985 5.643
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    • Article
      Lock icon SIBOR
      37 26 Aug 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 6 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 26 Aug 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.125 01-Apr-16 101.09 5-Year NX*****W 2.5 01-Jun-19 105.78 105.92 105.75 10-Year NY*****H 3.000 01-Sep-24 105.62 105.80
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    • Article
      Lock icon PRECIOUS METALS
      120 26 Aug 14 GOLD(US$/oz) Aug 14 Aug 13 Hong Kong 1318.00 1312.00 Aug 13 Aug 12 London 1311.67 1314.85 1312.21 1315.61 Source: Thomson Reuters CAST BAR Aug 14 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 315 261 10gm 587 524
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    • Article
      Lock icon PALM OIL
      57 26 Aug 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2155.0 2215.0 2155.0 2145.0 19 878 Sep 14 2169.0 2199.0 2171.0 2131.0 2851 ***** Oct 14 2148.0 2176.0 2150.0 2115.0 ***** ***** Nov 14 2148.0 2175.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Aug 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1608 1.1622 0.9309 0.9313 Canadian dollar 1.1433 1.1448 0.9173 0.9168 Euro 1.6655 1.6671 1.3356 1.3359 NZ dollar 1.0588 1.0603 0.8491 0.8497 Sterling pound 2.0780 2.0800 1.6664 1.6668
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    • Article
      Lock icon CHICAGO BOT
      109 26 Aug 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1264.50 1290.00 1293.00 1245.00 Sep 14 1079.50 1094.25 1102.25 1078.25 Nov 14 1046.75 1059.50 1066.00 1046.00 Jan 15 1055.50 1068.25 1074.75 1055.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14
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    • Article
      Lock icon LIFFE
      95 26 Aug 13 COCOA (£/tonne) Close Prev High Low Sep 14 2047 2029 2050 2023 Dec 14 2024 2013 2026 2008 Mar 15 1989 1980 1990 1976 May 15 1972 1963 1973 1959 COFFEE(US$/tonne) Close Prev High Low Sep 14 1965 1964 1982 1958 Nov 14 1976 1976 1994 1970
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      972 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 5 0.3 1 -51 3.32 47 Asia-Pacific Strategic W*****6 3.4 -0.1 633 1 2 57 Acma Ltd W*****7 Exer Price Ascendas REIT MB eCW*****3 Disc Asiatic Grp(Hldgs) Ltd
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Aug 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 103.72 -0.29 WTI (Near Mth) 97.42 0.05 Dubai (1-Mth F) 101.66 -1.32 Tapis blend 104.61 -0.95 Minas 100.31 -0.95 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.83 -1.34 Jet Kerosene 116.05 -1.00 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Aug 14 S$ Bid Offer 1-month 1.2470 1.2479 2-months 1.2470 1.2479 3-months 1.2469 1.2479 6-months 1.2468 1.2477 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 26 Aug-13 Aug-13 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2009.00 2032.75 3 months 2026.00 2052.00 Copper, Grade A(US$/tonne) Cash 6898.50 6983.25 3 months 6885.00 6965.00 Lead(US$/tonne) Cash 2208.50 2253.00 3 months 2220.00 2262.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Aug 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.187 1.131 Can dollar 1.165 1.121 Euro 1.707 1.626 Sterling pound 2.122 2.041 NZ dollar 1.082 1.041 US dollar 1.273 1.213 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      154 26 Aug 14 $S Offer Bid 0vernight 0.06 0.03 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.12 US$ 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
      Lock icon Behind closed doors
      702 27  -  Exclusive, password-required events are popping up around Singapore. TAY SUAN CHIANG offers a glimpse into these ‘secret’ gatherings TAY SUAN CHIANG PSST have you heard? The trend of supperclubs is going strong in Singapore, but those password-required, location-unknown events have gone into the design and music scene
      702 words
    • Article, Illustration
      Lock icon Enter via password
      470 27 THE invitation to The Redundant Shop’s by-invitation only event comes with an advisory “Don’t be shocked that our shutters are down when you try to come through our front door.” Instead, guests enter by the back, hence the event name, Back Door Access. The Redundant Shop’s founder
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    • Article, Illustration
      Lock icon Chilling out over art and toys
      563 27 WHAT happens when you put a group of doodlers and toy collectors in a room? Crazy stuff, such as having all the walls doodled on, which is essentially what happens at a F**king Friday event. “As the farcical name A s t h e
      563 words
    • Article, Illustration
      Lock icon Enjoying live music at strangers’ homes
      560 27 A CONCERT hall isn’t the only way to enjoy a live gig. What about going to someone’s home instead? Sofar Sounds is exactly that listening to live music from the comfort of one’s living room. It was an idea that took root in 2010
      PHOTO: CAT ON A LEDGE  -  560 words
    • CINEMA/TV
      • Article, Illustration
        Lock icon Life becomes art in unique growing-up drama
        521 28  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT The phrase “They grow up so fast” just about sums up Boyhood, the latest film by Richard Linklater. It’s more a project, given the unconventional way the writer-director shot it in 39 days spread over a period of
        521 words
      • Article, Illustration
        Lock icon Schizophrenic biopic of a flawed Indonesian patriot
        591 28  -  Reports by GEOFFREY EU THERE are moments when Soekarno –a biopic about the rise to political prominence of Indonesia’s first president Sukarno (the film uses the Indonesian spelling of his name) during the country’s Dutch colonial period and subsequent occupation by the Japanese
        591 words
      • Article, Illustration
        Lock icon Woody Allen’s latest: a dalliance with the unseen
        547 28  -  The story arc may be his way of saying the rational doesn’t always rule, saysGEOFFREY GEOFFREY EU NOW that he’s fast approaching 80, it’s no longer realistic for Woody Allen to play the romantic lead in his own movies. He continues to
        547 words
      • Article, Illustration
        Lock icon It’s tough paying tribute to an iconic leader
        622 28 IT doesn’t usually bode well when a film is mired in controversy before its release as happened when the filmmakers of the biopic Soekarno found themselves locked in a dispute with a daughter of Indonesia’s founding father. Media reports stated that Rachmawati
        622 words
    • ARTS/CINEMA
      • Article, Illustration
        Lock icon Facing Goya defies all opera traditions
        740 29  -  Director Ong Keng Sen confirms his reputation as an iconoclast, saysHELMI HELMI YUSOF helmi@sph.com.sg @HelmiBT EXUBERANT or exasperating? Feat or flop? The brand new Singapore International Festival of Arts (SIFA) raises its curtains with Facing Goya a radical boundary-bashing opera directed by Ong Keng
        PHOTO: KONG CHONG YEW/SIFA  -  740 words
      • Article, Illustration
        Lock icon Catfights galore in The Women
        500 29  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT ARE women really their own worst enemies? The classic 1936 play The Women by Clare Boothe Luce certainly portrays them so. Staged countless times on Broadway and adapted onto film three times (the most recent 2008 production starring Meg Ryan),
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      • Article, Illustration
        Lock icon Old-timers blow up the big screen again
        539 29  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT IN Singapore, when you hit your 60s, you look forward to the day when your Pioneer Generation pack arrives in the mail. In Hollywood, you just rely on your six-pack what muscleman action star Sylvester Stallone has been
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    • ARTS
      • Article, Illustration
        Lock icon Photography sponsorships bear fruit
        1248 30  -  This week sees a slew of exhibitions featuring submissions to major competitions organised by corporate sponsors, reportsRACHEL RACHEL LOI rachloi@sph.com.sg CORPORATE sponsorship for the arts has largely been more visible in the likes of theatre, music or paintings, but of late, big companies are putting money
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      • Article, Illustration
        Lock icon Equestrian ecstasy in a big top
        602 30  -  By GEORGINE VERANO gverano@sph.com.sg THERE’S certainly no horseplay in Cavalia, the new big-top show on Bayfront Avenue. When the horses first appear, they stand seemingly on their own on the 50-metre-wide stage, elegant and proud as slow music floats in. Suddenly, the pace quickens,
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      • Article, Illustration
        Lock icon 80s hits, humour bring house down
        581 30  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT When it comes to musicals, nostalgia is always a safe bet with retro jukebox musicals such as Mama Mia (featuring the hits of ABBA), Jersey Boys (Frankie Valli and the Four Seasons) and We Will Rock You (Queen) all
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    • ARTS/BOOKS
      • Article, Illustration
        Lock icon He’ll paint the history of a turbulent era in 50 hours
        886 31  -  Nikhil Chopra aims to transport you to the 1940s in a marathon performance, reportsCHEAH CHEAH UI-HOON A SHOW for both visual and performance artists, as well as a show that illustrates modern Indian history and Singapore’s part in it,
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      • Article, Illustration
        Lock icon Chinese art painter feted – 27 years after his death
        882 31  - Chinese art painter feted 27 years after his death B)’. CHEAH UI-HOON uihoon@sph.com.g RECOGNITION for the late Chinese art painter/calligrapher/poet Fan Chang Tien is building up now, close to 30 years after his death, but posthumous acknowledgement isn’t uncommon in the art world. Last November, a private gallery held a
        882 words
      • Article, Illustration
        Lock icon Murakami returns with another solitary soul
        549 31  -  Colorless Tsukuru Tazaki and His Years of Pilgrimage By Haruki Murakami; Vintage (Hardcover) 400 pages, S$29.96 BOOK REVIEW By HELMI YUSOF By helmi@sph.com.sg @HelmiBT ONE reason why bookworms love Haruki Murakami is obvious: The protagonists in his best novels such as Norwegian Wood and
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  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      317 29 CRYPTIC CROSSWORD Across 1 Writer, mostly haughty when seen on street (6) 4 Ghosts sort primarily associated with hell? (6) 8 Leader holds river game in much bigger water area (8) 10 Spot us involved in chancy exercise (4-2) 11 Engineer in factory wasting time (4) 12 Description of scale
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  • Page 31 Advertisements
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      30 31 kato art duo Raffles Hotel Arcade 328 North Bridge Road #02-28 T: +65 6338 9073 w: www.katoartduo.com e: info@katoartduo.com TOKO SHINODA ZHOU HAO VOID SPACES 14 August 25 September 2014
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  • PURSUITS
    • Article, Illustration
      Lock icon A China-India convergence story
      628 32  -  The authors convincingly argue that business synergies will force a strategic rethink on bilateral engagement, saysAMITENDU AMITENDU PALIT WRITING on business in China and India is not easy, and not just because it runs up against the reams of literature still growing in volume on various
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    • Around Town
      • Article, Illustration
        Lock icon Pick of the week
        211 32 Aliwal Arts Night Crawl: The annual showcase and event by Aliwal Arts Centre’s arts groups returns tonight to honour the Kampong Glam district, featuring multi-disciplinary performances and activities from more than 20 outfits from the Kampong Glam community (including the Malay Heritage Centre and Imaginary Friends
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      • Article
        Lock icon MUSIC
        70 32 The Observatory ‘Live’: Art-rockers The Observatory celebrates the launch of their new album, Oscilla, with two shows this weekend. The four-track LP is the band’s most ambitious work to date as it experiments with prog-rock and noise. Expect to hear the songs come to life at these gigs. The
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      • Article
        Lock icon Exhibitions
        155 32  -  Compiled by GEORGINE VERANO gverano@sph.com.sg CapitaLand-National Geographic Channel Photography: The fifth edition of the photography exhibition will feature winning shots and commendable photographs of those who participated in the “Building People” photography contest earlier this year, the theme of which was “Happiness” captured against CapitaLand properties in the Asia-Pacific
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      158 32 AN AM with Follow Me Japan Voted as one of the world’s most incredible bike routes by CNN Join FMJ on the start line of the COMPLETE SHIMANAMI course (65km). In this non-competitive event, take in the stunning scenery as you traverse the Seto Inland Sea. 1 MSI > h
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