The Business Times, 22 July 2013

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Total Pages: 27
1 28 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, July 22, 2013
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  • 614 1  -  They include drop in new money, weak retail sector, more demanding clients By CAI HAOXIANG [SINGAPORE] The global asset management industry grew 10 per cent last year, but long-term challenges are making many firms vulnerable, said McKinsey Company in a report. In particular,
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,213.26 -22.80 KL COMP 1,797.74 +12.09 NIKKEI 225 14,589.91 +83.66 HANG SENG 21,362.42 +85.14 SET INDEX 1,481.84 +28.13 JAKARTA COMP 4,724.41 +91.30 MANILA COMP 6,621.02 +46.81 SEOUL COMP 1,871.41 +1.43 SHENZHEN B 760.91 -13.37 MUMBAI IND 20,149.85 +191.38 DOW 15,543.74 +79.44 NASDAQ 3,587.61 -12.47 S&P
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    • 23 1 For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
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    • 20 1 SINGAPORE MALAYSIA MALAYSIA 5.38 6.55 5.00 INDONESIA 13.510 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.266 (US$/S$ per 1.524 1.929 EURO (US$/S$/E) 1.313 1.662 Foreign currency per US$ S$ YEN 100.30 79.30 RM 3.197 2.525 HK$ 7.758 6.128 BAHT 31.08 24.55 RUPIAH 10,080 7,962 RENMINBI 6.138 4.849 INDIAN RUPEE 59.76 47.20 A$ 1.090 0.861 NZ$ 1.261 0.996
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  • 1001 1  -  And they’re a force to be reckoned with, even overshadowing the local banks By ANDREA SOH [SINGAPORE] The commodity trade financing business is getting crowded. Since the sector first came into the spotlight in late 2011 when the European sovereign debt crisis caused
    PHOTO: BLOOMBERG  -  1,001 words
  • Page 1 Advertisements
    • 79 1 DINING OUT Izy melds substance with style page 21 JAPANESE POLITICS Abe’s LDP sweeps to victory in upper house election PAGE 2 YOUNG INVESTORS’ FORUM Today’s value from tomorrow's numbers PAGE 12 VIEWS FROM THE TOP Iskandar Malaysia: Still an attractive proposition? PAGES 10-11 8 *****1 *****4 1 r! r<fi
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    • 12 1 BNP Paribas, SocGen did not cut lending during Europe crisis, Page 3
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  • TOP STORIES
  • Page 2 Advertisements
    • 50 2 FRONT PAGE MALAYSIA/INDONESIA, PAGE 13 FRONT PAGE ECONOMY WATCH, PAGE 16 WORLD, PAGE 17 TOP STORIES, PAGE 2 WORLD, PAGE 18 TOP STORIES, PAGE 3 SINGAPORE NEWS, PAGE 9 WORLD, PAGE 19 The best pure-play private bank in Asia. Bank EFG Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com
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  • Page 3 Advertisements
    • 369 3 Morningstar Rating As at 30-06-13 Earning your confidence by uncovering hidden value in global investments. 0f£0 0 ais.amundi.com/sg Amundi International SICAV An all-weather investment solution for investors. Seeks to provide stable returns, with reduced risk of loss. Proven strategy with 34 years track record of success. 1 CONFIDENCE MUST BE
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  • COMPANY NEWS
    • 749 4  -  HOCK LOCK SIEW By R SIVANITHY IT is a sign of the progress the local stock market has made in the past decade or so that short-sell-ing is now an integral part of daily activity, at least judging by the reports published regularly by the Singapore
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    • 683 4  -  They must adapt as costs rise and trends change By LYNN KAN AS the traditional supply chain becomes more costly and complex, logistics companies are re-examining their businesses to see how they can maintain logistical efficiency. Massive consumption growth in Asia is shifting cargo volumes from
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    • 273 4 Jul 19 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia ...6.00 ...5.50 Bank of Taiwan 5.50 Bank of Tokyo-Mitsubishi UFJ, Ltd ...5.50 Banque Internationale a .6.00
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    • 1694 5  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying rose while the selling among directors was low for the seventh straight week, based on Singapore Exchange filings last week. Buyers outnumbered sellers, with 16 companies that recorded 31 purchases
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    • 310 5 COMPANY MEETING PLACE DATE TIME Azeus Systems A Enterprise Room Level 4 Raffles City Convention Ctr 80 Bras Basah Road 22-Jul 10.00am Comm Design E The Chevrons 48 Boon Lay Way 22-Jul 10.00am Longcheer Hldgs S Marquis Room, Copthorne King’s Hotel 403 Havelock Road 22-Jul 9.00am OSSIA Int'l
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  • Page 4 Advertisements
    • 64 4 DB Platinum Zi Char reviews What I write: Whereveryouare Nosh Posh Management Hunger Food is my passion and my job is to communicate that joy to readers and get them really, really hungry. Tan Hsueh Yun, Food Editor, Life!/SundayLife! Wherever you are, we’re there too; bringing you reports whenever you
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  • Page 6 / 7 Advertisements
    • 1676 6 / 7 REAL ESTATE EXPOSURE TO ORCHARD ROAD THROUGHPARAGON, ONE OF SINGAPORE’S MOST ICONIC RETAIL MALLS AUNIQUE COMBINATIONWITH SUBURBAN RETAIL PROPERTY EXPOSURE THROUGH THE CLEMENTI MALL TOTAL PORTFOLIO VALUED AT OVER S$3.0 BILLION1 A RESILIENT PORTFOLIO 100% COMMITTED OCCUPANCY2 45 MILLION VISITORS IN ***** IMPORTANT DATES EVENT DATE TIME Public Offer Starts
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  • SINGAPORE MARKETS
    • 669 8  -  STOCKS R SIVANITHY Senior Correspondent SOME weeks ago, we raised the likelihood that there’s been a fundamental shift in the market’s psychology such that, even if central banks notably, the United States Federal Reserve were to keep the monetary taps gushing, further gains might not
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    • 523 8 CURRENCIES Bloomberg [NEW YORK] The US dollar last week fell for a second week against most major peers as Federal Reserve chairman Ben S Bernanke dampened bets on an imminent cut in stimulus, saying that it’s “too early” to decide whether
      Bloomberg  -  523 words
    • 1390 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 4 9.53 17.11 1.87 1.63 Amtek Engineering Ltd 3.33 3.25 3 0.05 7.38 0.54 0.48 ARA Asset Management 2.57 2.57
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    • 4 8 WEEKLY
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    • 73 8 Jul 19 VALUE CLOSE BT OB/OS 83.00 -191.00 BT CADI -*****.00 -60.00 BT 10-day MA -*****.00 +8.00 FTSE ST Mid Cap 758.81 -3.05 FTSE ST Small Cap 576.30 -1.10 FTSE ST All Share 787.15 -1.56 FTSE ST China Top 199.19 -0.18 FTSE ST China 228.80 +0.44 FTSE
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    • 55 8 VOLUME Innopac 1,678,687,000 HanKore 720,042,000 Albedo 542,541,000 Mirach Energy 480,189,000 Oceanus 413,129,000 CNA 406,893,000 SingHaiyi 353,378,000 GSH Corp 326,289,000 YHM 322,310,000 SingHaiyi R 320,263,000 VALUE($) Innopac 244,564,023 SingTel 227,770,851 Mirach Energy 195,227,985 Keppel Corp 181,322,638 DBS Grp 164,195,380 UOB 150,393,753 Thai Beverage 133,655,865 OCBC Bk 122,938,037 Ascendasreit
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    • 549 8 COMMODITIES AFP [LONDON] Global commodity prices diverged last week as traders bet on a rosier economic outlook for the United States amid mixed signals surrounding Chinese growth. Oil: New York crude oil last Friday traded above Brent prices for the first time
      AFP  -  549 words
    • 119 8 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 394.6 1.9 DBXT E50 10US$ 4299 332.9 6.5 DBXT STGLDv100 10US$ 3018 151.9 4.1 GLD 10US$ ***** 149.4 1.0 DBXT MSAsExJp 10US$ 3181 121.5 3.1 IS S&P500 ***** 108.9 0.5 DBXT MSTaiwan 10US$ 1890 87.4 3.8 DBXT MSJAP 10US$ 4614
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    • 125 8 BY CENTS CLOSE DOWN JSH 3529 -295.0 -6.2 DBXT AUDCS 5SG$ ***** -203.0 -0.8 JMH 5910 -125.3 -1.6 Jardine C&C 4057 -98.0 -2.4 Great Eastern 1739 -47.0 -2.6 DBXT iBoxxIDR 10US$ 1097 -41.8 -2.9 UOB 5.05%NCPS 100 ***** -40.0 -0.4 DBXT FTChina25 10US$ 2613 -36.7 -1.1 DBXT CSI300 10US$
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    • 5 8 WEEKLY
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  • SINGAPORE NEWS
    • 989 9 EMA seeks feedback on stocking terminal with as much as 9m tonnes of gas Bloomberg [SINGAPORE] A Temasek Holdings unit is up against Exxon Mobil Corp and Royal Dutch Shell plc in a contest to fill storage that will hold three times
      Bloomberg  -  989 words
    • 336 9  -  By CAI HAOXIANG COMPANIES looking for corporate social responsibility project ideas have another fresh avenue to consider. They can apply for a grant from a new $5 million fund, the Heritage Grant Scheme, that aims to promote the learning and appreciation of Singapore history
      PHOTO: KEVIN LIM/THE STRAITS TIMES  -  336 words
    • 1067 9 Payment Ex Rec Pay Ann (cts) date date date date A-Sonic Aerospace aw 0.170 30-Aug 03-Sep 17-Sep 16-May Ban Leong Tech ak 1.100 31-Jul 02-Aug 14-Aug 30-May Berger Int'l ak 0.280 03-Jul 05-Jul 25-Jul 06-May Biosensors aj 2.000 31-Jul 02-Aug 16-Aug 09-Jul Biosensors ES (Jul to Aug 2013)
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  • Page 9 Advertisements
    • 2054 9 WATS NOTICES Toll free 1800-289-8822 Email noticesiasph.com.sg www.cats.com.sg/notices JUBILEE INDUSTRIES HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****4797H) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 22 July 2013 (the “Circular”)
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  • VIEWS FROM THE TOP
    • 3633 10 THIS WEEK’S TOPIC Is the Iskandar Malaysia project still an attractive proposition for Singapore companies and individuals? Do current and prospective participants need to readjust their expectations and strategies, and if so, how? Abdullah Ibrahim Managing Director/Chief Executive Officer UEM Sunrise Berhad AS master developer of Nusajaya, the
      PHOTO: ST FILE  -  3,633 words

  • Page 11 Advertisements
    • 240 11 A full list of views from CEOs is available at http://businesstimes.com.sg These employers have found their ideal candidates through STJobs.S9 Shouldn’t you, too? ST Jobs is no doubt a credible platform for job seekers. More importantly, it is a partner who is dynamic, responsive and has a team of committed
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 2189 12 The discounted cash flow model is used by funds and investment banks to determine the present-day values of a company’s future cash flows, reports CAI HAOXIANG A FORTNIGHT ago, we discussed two possible ways to value a company. The first way values a company using
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    • 1174 12  -  The simplest attempt to apply a discounted cash flow model to a real-life example is fraught with many assumptions MONDAY MULTIPLE CAI HAOXIANG Correspondent THE discounted cash flow (DCF) model is a complex model used to determine the value of a business. This is because
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  • Page 12 Advertisements
    • 157 12 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • MALAYSIA/INDONESIA
    • 443 13 Analyst points out that only 5% of the group’s revenue is from entertainment [PETALING JAYA] Genting Malaysia Bhd, while keeping mum on the refurbishment plans for its casino resort, should be cushioned from any major financial losses incurred from closing the outdoor theme park.
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    • 351 13 [KUALA LUMPUR] Bursa Malaysia’s plans to increase the number of regulated short selling securities (RSS) may have little impact on lifting trading volume, analysts said. Interpacific Securities head of research Pong Teng Siew doubts the impact from the move, says
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    • 1460 13 VOL Jul 19 RM +/-(‘000) A M Realty 1.20 0.08 2801 VOL Advance Synerg 0.15 unch 1522 Adventa Bhd 1.20 Ae Multi Hldgs 0.23 0.02 1130 Affin Holdings 4.28 0.04 243 Ahmad Zaki Res 1.08 -0.01 4351 Airasia Bhd 0.02 Alliance Finan 5.70 0.11 1835 Aluminium Co 0.70
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    • 628 13 Reuters [LONDON] Financier Nat Rothschild, co-founder of troubled Indonesian coal miner Bumi, has sued the company and his one-time partners, taking one of London’s messiest corporate battles to court. Mr Rothschild, who helped set up Bumi almost three years ago, has long opposed the
      Reuters; PHOTO: BLOOMBERG  -  628 words
  • Page 13 Advertisements
    • 124 13 FEMALE AUGUST OUT NOW IT BAG UPDATE NOVEL, FUN NO LOGOS GET RICHGIRL HAIR IT’S SUPERLONG, LOSSY 'AUTIFUL Singapore s lea gazme www. lomalomag. com tg AUG 2013 REIGN IN SINGAPORE INNOVATORS. ARTISTS COLLABORATORS FUNSTERS DOING CLEVER THINGS COOL LIKE Ti COLD SM YOU’LL 5f 85 'rdfSi! -A 5*33 f
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  • GREATER CHINA/INDIA
    • 1011 14 Joblessness from cutting reliance on investment may hurt social stability Reuters [BEIJING] The success or failure of China’s efforts to revamp its giant economy may rest with workers like Hu Zhao and Deng Jindong. They were both at a job fair in
      Reuters; PHOTO: REUTERS  -  1,011 words
    • 672 14 Govt policies have resulted in uneven division of wealth NYT [BEIJING] Results of a wide-ranging survey of Chinese family wealth and living habits released last week by Peking University showed a wide gap in income between the nation’s top earners and those at
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    • 687 14 AFP [MUMBAI] India may be trying to lure foreign investors to revive its ailing economy, but the axing of two mega steel projects underlines obstacles even industry giants face, analysts say. Prime Minister Manmohan Singh and top ministers agreed recently to relax foreign investment
      AFP; PHOTOS: AFP  -  687 words
  • Page 14 Advertisements
    • 167 14 One of the LARGEST Investment Fairs in Town! Discover the Wealth Of Investment Opportunities! EVENT HIGHLIGHTS Panel Discussion on Market Outlook (In English and Mandarin) Over 40 FREE Investment Seminars Attend Educational Workshops by International Investment Gurus Keynote Presentations by Popular Investment Speakers Dr. Alexander Elder Best-selling Author EVENT HIGHLIGHTS
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    • 32 14 sgCa.rMa.rt (§)UOTZ Selling Made Simpler SELL YOUR CAR BY BIDDING HIGHEST PRICE GUARANTEED Online bidding by over 300 used car dealers! l-L Call us now fora FREE Car Valuation 6744 7571 www.quotz.com.sg
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  • Page 15 Advertisements
    • 205 15 ONE RELIABLE NEWS APR sr FOR YOU R SAMSUNG TABLET Enjoy reading The Straits Times even more with the Samsung GALAXY Note 8.0 With LTE Get News On The Move. Breaking News updated throughout the day Access to 7-day archive of past Straits Times issues Receive news via Push Alerts
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  • ECONOMY WATCH
    • 811 16 Chicago and Santa Fe also have high pension liabilities relative to revenues Reu ters [NEW YORK] Many US cities have a much better economic outlook than struggling Detroit, but the Motor City’s bankruptcy filing on Thursday should still set off alarm bells elsewhere
      Reuters; PHOTO: AP  -  811 words
    • 585 16 Rome has met 80%, Madrid 66% of this year’s funding needs Reuters [LONDON] Italy and Spain have built up such a head of steam in their 2013 government borrowing that they can afford to ease the pace should a
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    • 688 16 Reuters [BRASILIA] Slowing inflation and easing volatility in global markets should help reinvigorate investor confidence in Latin America’s largest economy, Brazilian Finance Minister Guido Mantega told Reuters. Mr Mantega said that the US Federal Reserve’s “confusing” messages about a possible withdrawal of
      Reuters; PHOTO: REUTERS  -  688 words
    • 657 16 NYT [FRANKFURT] The European Central Bank (ECB) took steps last week to address a credit squeeze in Southern Europe, making it easier for banks to bundle loans into securities that they could resell to investors and raise money for additional loans.
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  • Page 16 Advertisements
    • 426 16 dsara NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JACKSON VEHICLE (SINGAPORE) PTE. LTD. (In Members' Voluntary Liquidation) Reg No. *****9045K NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at No 8 Loyang Link Singapore
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  • WORLD
    • 757 17 UK premier cites an economy on the mend in BBC interview Bloomberg [LONDON] UK Prime Minister David Cameron has said that the UK economy is “healing” and that should allow the government to cut taxes. “As we start to see the economy grow stronger and
      Bloomberg  -  757 words
    • 627 17 AFP [ATHENS] A new attempt in Greece to open up shops yesterday in order to fight recession and joblessness has run into opposition from an unlikely alliance of clerics, unionists and Athens shop owners themselves. At present, most shops in Greece’s main cities remain
      AFP; PHOTO: AFP  -  627 words
    • 232 17 Reuters [MILAN] Political instability could undermine Italy’s ability to exit its longest post-war recession, the head of the country’s central bank said “This is a critical phase,” Bank of Italy governor Ignazio Visco told a Moscow meeting of ministers and central bankers from
      Reuters  -  232 words
    • 305 17 AFP [LONDON] Japan has warned that tens of thousands of British jobs with Japanese firms could be at risk if London pulls out of the European Union, a newspaper reported yesterday. Tokyo’s submission to a British government consultation said that Japanese companies
      AFP  -  305 words
    • 619 17 Reuters [BOSTON] A United Nations group that advises nations on cybersecurity plans to send out an alert about significant vulnerabilities in mobile phone technology that could potentially enable hackers to remotely attack at least half a billion phones. The bug,
      Reuters  -  619 words
    • 1585 18 Billions at stake as metal is shuffled between warehouses to raise rent costs NYT [MOUNT CLEMENS, Michigan] Hundreds of millions of times a day, thirsty Americans open a can of soda, beer or juice. And every time they do it, they pay a
      NYT; PHOTO: AFP  -  1,585 words
    • 458 18 Bloomberg [LONDON] Barclays plc, Britain’s second-largest lender by assets, said Abu Dhabi’s Sheikh Mansour bin Zayed Al Nahyan no longer owns the company’s shares. His PCP Gulf Invest 3 Ltd liquidated its 758.4 million Barclays shares as of June 20, according
      Bloomberg; PHOTO: BLOOMBERG  -  458 words
    • 226 18 Reu ters [LONDON] More than a third of Britons think interest rates will rise in the next 12 months, a survey showed yesterday, suggesting the Bank of England’s (BOE) first attempt to ease concern over higher rates ahead has had
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    • 684 18 Investors depending more on their own research IFR [LONDON] Rating agencies are no longer the arbiters of success or failure in structured finance, as demonstrated by the revival of the European market for collateralised loan obligations (CLOs) where investors now rely more heavily
      IFR  -  684 words
    • 916 19 They’re insulated but opening up; their growth outweigh risks AP [NEW YORK] Bulgaria, the United Arab Emirates and Pakistan. They’re among the countries with the best-performing stock markets in the world this year. And the success of these so-called frontier markets, mainly
      AP; PHOTO: REUTERS  -  916 words
    • 508 19 Move seen as first step to reducing its holding in the bank Bloomberg [LONDON] The UK government is considering selling as much as £5 billion (S$9.7 billion) of Lloyds Banking Group Plc shares as a first step to reducing its holding in
      Bloomberg  -  508 words
    • 512 19 Reuters [WASHINGTON] Former White House correspondent Helen Thomas, a trailblazing journalist who reported on every US president from John Kennedy to Barack Obama, died on Saturday at the age of 92, the Gridiron Club and Foundation said. Ms Thomas, who broke many barriers
      Reuters; PHOTO: AP  -  512 words
    • 590 19 NYT [NEW YORK] First the Securities and Exchange Commission (SEC) rejected a settlement with a high-flying hedge fund manager, Philip A Falcone. Then it charged another billionaire trader, Steven A Cohen. By late Friday afternoon, it had accused the city of Miami of
      NYT  -  590 words
  • Page 17 Advertisements
    • 21 17 1 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices MATS NOTICES CLA/FEB1 1/g
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    • 156 17 In the Matter of the Companies Act, Cap. 50 And In the Matter of MIGHTY ENGINEERING TECHNOLOGY PTE. LTD. (In Creditors’ Voluntary Liquidation) (Incorporated in the Republic of Singapore) (Company Registration No.: *****2061M) NOTICE OF CREDITORS’ MEETING NOTICE IS HEREBY GIVEN that a creditors’ meeting in the above matter will
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    • 182 17 V WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MOUNT SHIMLA OFFSHORE PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration no. *****8711D) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of
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    • 100 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LEO LAUNCHES PRIVATE LIMITED (Registration No. *****0641Z) (IN MEMBERS’ VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING (Pursuant to Section 308(2)) TAKE NOTICE that a meeting of the shareholders of the abovenamed Company will be held as follows:
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    • 138 17 FOR SALE BY TENDER Address Description 60, Tuas Basin Link A Standard JTC type “D7” Detached Factory with side and rear extension JTC 30 years from 1st November 1991 approx. 8,467.70 sq m (91,146.32 sq ft) Tenure Total Land Area Total Gross Floor Area approx. 3,612.40 sq m (38,883.87 sq
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    • 181 17 Wisers Assets Limited Business Company Number: *****99 In Voluntary Liquidation Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004 (as amended), the voluntary liquidation of Wisers Assets Limited commenced on 09/07/2013 and that Alison Watson of 21 Collyer Quay #19-01 HSBC Building Singapore
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  • Page 19 Advertisements
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  • SHIPPING/AVIATION
    • 852 20 FAA says Dreamliner operators will be required to check for wire damage Bloomberg [CHICAGO] Investigators are examining whether a wire smashed under a beacon battery cover caused a short-circuit that triggered a July 12 fire on a Boeing Co 787
      Bloomberg  -  852 words
    • 604 20 Bloomb erg [TOULOUSE] Airbus SAS plans to keep building A330 twin-aisle airliners at a rate of 10 a month at least through 2015 as customers including Singapore Airlines Ltd expand the model’s role in their fleets. Airbus, which handed over the 1,000th A330
      Bloomberg; PHOTO: AFP  -  604 words
    • 369 20 [HOUSTON] Schlumberger Ltd, the world’s largest oilfield-services provider, announced a US$10 billion share buyback plan as quarterly profit rose and it forecast “double-digit” customer spending increases on crude exploration. Second-quarter net income climbed 49 per cent to US$2.1 billion, or US$1.57
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    • 586 20 Vessel deliveries in June are up for the first time in a year Bloomberg [SEOUL] South Korea’s won is proving to be Asia’s most resilient currency as a recovery in exports from the world’s biggest shipyards outweighs gains in the dollar. The won
      Bloomberg  -  586 words
    • 234 20 SGX '000 Jul 19 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.25 unch 15 Cosco Corp 0.73 -0.01 213 Vol First Ship Lea 0.44 Freight Links 0.10 unch ***** Grand Banks unch unch 0 Jaya Hold Ltd 0.58 unch 85 K1Ventures unch Keppel Corp 10.75 -0.15 4909
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  • Page 20 Advertisements
  • Page 20 Miscellaneous
    • 298 20 CRYPTIC CROSSWORD Across 5 Inactive rook, chess piece put in spot (7) 7 Plug Rhine wine, mostly for this special purpose (2,3) 9 Fisherman’s position by river (6) 10 Scapegoat in genuine denial (8) 11 Enlisted man to see detective (7,3) 13 Hide in shower (4) 14 Season’s first evil
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  • DINING OUT
    • 1023 21  -  Waku Ghin alumnus Kazumasa Yazawa is building up his own following at this new Club Street eatery, saysJAIME JAIME EE NEW RESTAURANT Izy Dining Bar 27 Club Street (No telephone number yet) Open from 5.30pm WHAT would happen if Waku Ghin restaurant decided to slum
      PHOTOS: JAIME EE  -  1,023 words
  • Page 21 Advertisements

  • SINGAPORE STOCKS
    • 3349 22 Week ended: Jul 19 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 8.8 3 A-Sonic --AAT Week Last Quote Div GrYld Net 10.4 7 AEM High 188 106 AIMSAMPIReit 163 +1 1452
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    • 290 23 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 2.4 1.3 t Advanced System 1.5 unch 9103 1.6 1.4 1.4 1.5 23.8 Week Last Quote Div Gr Yld Net M Cap High
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    • 118 23 Stock name Close Change CapMallsAsia 1.920 CapitaLand 3.130 -0.020 CapitaMall 2.020 +0.020 CityDev 10.71 -0.110 ComfortDelGro 1.955 +0.015 DBS Grp 16.56 -0.030 GLP 2.880 Genting SP 1.355 Golden Agri 0.540 -0.005 HK Land 6.680 +0.070 Stock name Close Change HPH Trust US$ 0.755 -0.005 JMH 59.10
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    • 2014 23 Transaction date: Jul 19 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol Aeon Stores 14.70 unch 0 Angang Steel 4.14 -0.09 9228 Anhui Conch Anhuiexpresswa 3.59 -0.04 587 Asia Satellite 28.45 unch 3 Asm Pacific unch Bank Of E Asia 27.70 -0.10 1109 Beida Jade Bir 4.14 Beijing
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    • 264 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A41.5 -2.5 9 41.5 41.5 40 46 3.6 8.4 3.4 153.6 52 31 Genting HK US$ US43 -1.5 ***** 44.5 42.5 42.5 43 2831.3
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    • 186 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 10 4 0 0 0 3 10 4 Manufacturing 80 66 40 5 12 16 85 78 56 Commerce 32 34 13 8 5 2 40 39 15 Tpt/Stor/Comms 12 24 6
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    • 1004 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Last 143 120.4 CIMB APAC Div 100S$D 127.7 135.3 136.2 114.4 99 CIMB APAC Div 100US$ US99.2 107.1 108 10.4
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    • 123 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 103,155 103,155 260,206 260,206 Manufacturing 1,686,059 663,296 2,349,355 729,799 34,754 764,553 Commerce 1,428,901 883,610 2,312,511 441,149 41,211 482,360 Tpt/Stor/Comms 604,166 129,794 733,960 584,284 50,461 634,745 Finance 1,739,992 1,320 1,741,312 735,429 530 735,959 Construction 595,127 330,089
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  • Page 23 Advertisements
    • 26 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 647 24 Jul 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.76 *****.29 *****.28 Sep13 *****.00 *****.00 *****.00 *****.00 ***** *****2 Dec13 *****.00 *****.00 *****.00 *****.00 0 ***** MSCI TAIWAN INDEX FUTURES SPOT 290.75 290.75 283.52 Jul13 290.30 290.90 282.90 283.50 ***** *****0 Aug13 287.80
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    • 373 24 In local curr In S$ In US$ dy yr dy yr dy yr Jul 19 Index Change Change Change Change Change Change World Preliminary 1088.7 -0.1 16.0 -0.2 16.9 0.0 12.9 EAFE Preliminary 888.7 -0.3 14.7 -0.1 11.9 0.1 8.1 Europe Preliminary 1254.3 0.0 9.3
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    • 471 24 Jul 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.952 5.629 0.698 7.114 54.798 92.439 0.920 10.293 2.932 1.157 92.287 39.768 1.161 9.074 0.864 27.474 28.497 0.602 0.917 Canada 1.051 5.916
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    • 69 24 Jul 19 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths SWAP Mid rates SWAP
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    • 138 24 Jul 19 GOLD(US$/oz) Jul 18 Jul 19 Hong Kong 1286.50 1298.40 Jul 18 Jul 19 London 1285.31 1294.31 1286.08 1295.31 Source: Thomson Reuters CAST BAR Jul 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 119 53 5gm 337 263 10gm 602 527
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    • 90 24 Jul 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.26 6-Month BS*****W 10-Jan-14 0.29 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.06 5-Year N*****0T 0.5 01-Apr-18 98.49
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    • 61 24 Jul 19 Jul 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 13 2352.0 2340.0 2352.0 2320.0 273 5789 Sep 13 2301.0 2305.0 2315.0 2270.0 3716 ***** Oct 13 2289.0 2291.0 2302.0 2252.0 ***** ***** Nov 13
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    • 156 24 Jul 19 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1607 1.1612 0.9169 0.9172 Canadian dollar 1.2199 1.2202 0.9639 0.9637 Euro 1.6619 1.6623 1.3128 1.3130 NZ dollar 1.0034 1.0042 0.7926 0.7932 Sterling pound 1.9291 1.9295 1.5239
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    • 121 24 As at 9am Jul 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.190 1.134 Can dollar 1.244 1.197 Euro 1.702 1.621 Sterling pound 1.967 1.892 NZ dollar 1.025 0.986 US dollar 1.295 1.234 Local dollars to 100 units of foreign
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    • 159 24 Jul 19 Jul 19 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.07 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.55 0.35 9 months 0.65
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    • 111 24 Jul 19 Jul 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 13 1490.75 1469.25 1492.75 1469.00 Sep 13 1326.00 1316.25 1330.75 1316.75 Nov 13 1274.00 1265.75 1278.25 1260.50 Jan 14 1279.25 1271.00 1283.50 1266.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low
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    • 95 24 Jul 19 COCOA (£/tonne) Close Prev High Low Sep 13 1609 1608 1626 1603 Dec 13 1599 1593 1613 1593 Mar 14 1586 1579 1597 1580 May 14 1587 1582 1597 1580 COFFEE(US$/tonne) Close Prev High Low Jul 13 1943 1945 1943 1943 Sep 13 1968 1970 1999 1949
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    • 70 24 CRUDE OIL PRODUCTS Jul 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.68 0.04 WTI (Near Mth) 108.08 1.67 Dubai (1-Mth F) 104.16 0.64 Tapis blend 114.55 0.55 Minas 108.35 0.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.67 0.61 Jet Kerosene 123.35 1.17 US$/barrel OpecOil Basket
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    • 22 24 Jul 19 S$ Bid Offer 1-month 1.2659 1.2660 2-months 1.2658 1.2661 3-months 1.2658 1.2661 6-months 1.2659 1.2664 Source: OCBC
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    • 68 24 Jul-19 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1781.50 1760.75 3 months 1825.00 1805.00 Copper, Grade A(US$/tonne) Cash 6908.50 6886.50 3 months 6915.00 6905.00 Lead(US$/tonne) Cash 2019.75 2023.00 3 months 2033.00 2036.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 1173 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 Exer Acma Ltd. W*****6 Prem Acma Ltd W*****7 Albedo Limited W*****9 1.1 0.4 *****6 Gear- Mths ing Left Ascendas Reit MB ECW*****3 3.2 0.2
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  • Page 25 Advertisements
    • 466 25 The Business Times Shipping times 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 VESSEL VOY SIN NOU SUVA BUS MOTHER VESSEL
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    • 443 25 J e b e lA Shanghai■ LaemChabang■ Chittagong li Port Klang J e d d a h B r i s b a n e H a m b a n NYK RORO Conventional ServiceREGULAR SERVICE TO t o t a REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea, Australia,
      443 words
    • 527 25 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TAMPA CF321 01/07 06/07 10/07 15/07 22/07 ENDURANCE FF329 18/07 22/07 24/07 26/07 31/07 07/08 TAMERLANE FF333 10/08 14/08 17/08 19/08 24/08
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  • Page 26 Advertisements
    • 1091 26 Shipping Times TOLL MARINE LOGISTICS PERKINS SHIPPING (SINGAPORE) PTE LTD LOYANG OFFSHORE SUPPLY BASE, LOYANG CRESCENT, BLK 103, TOPS AVE 1, #08-01, SINGAPORE *****8. MAILBOX NO. 5013 CR NUMBER: **********0G OPERATOR CODE: PV WEEKLY CONTAINER CONVENTIONAL SERVICE TO EAST TIMOR NORTHERN AUSTRALIA VESSEL VOY ETA SIN ETD SIN ETA DILI
      1,091 words
    • 223 26 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA 1 09/13 23/07 25/07 BELITUNG/PKL BALAM SRI JAYA 8 09/13 25/07 27/07 JAMBI/PEKAN BARU FAJAR MAS 07/13 23/07 25/07 PALEMBANG/PANJANG SINOPA 12/13 24/07 26/07 BENGKULU/PADANG SIANIRI 10/13 25/07 27/07 BELAWAN/LHOKSEUMAWE CARAKA JN332 06/13 24/07 26/07 SABANG/MALAHAYATI
      223 words


  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • 952 28  -  Gartner sees demand coming from companies adopting and incorporating IT digitisation and mobility, reportsAMIT AMIT ROY CHOUDHURY THE IT outsourcing (ITO) market in the emerging Asia-Pacific markets as well greater China will grow at 13 per cent this year and the next year as companies
      952 words
    • 313 28  -  Region forecast to contribute 28% of its revenue by 2015 By AMANDA TAN WITH the world going digital, many believe society will eventually become a paperless one; but Japanese printer maker Brother thinks differently. Speaking to BizIT recently, Brother’s managing executive officer,
      313 words
    • 757 27  -  Most companies use it for storage, email hosting and backup. VICTORIA HO reports backup.VICTORIA HOreports THE majority of Singapore businesses use cloud computing in some form, but most use it only for basic applications, according to the latest survey commissioned by
      757 words
    • 1026 27  -  It gives firms shorter time to market and flexibility in meeting demand changes By ADELINE TAN THE ability to move quickly to capture market opportunities, particularly in the face of increasing consumer choices and decreasing customer loyalty, is the top reason businesses
      1,026 words
    • 831 27  -  By VICTORIA HO THE rapid rise of Asian businesses is spilling over to the growth in regional business for Sourcefire, said one of its top management officers. Tom McDonough, president and chief operating officer at Sourcefire, told BizIT during a visit to Singapore
      831 words
    • 787 27  -  <yousay> By WON-JOON LEE The writer is Accenture managing director, products, Asean AS the global economy recovers slowly, there is a sense of hope among businesses that a corner has been turned but optimistic shareholder expectations appear to be out of kilter
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  • Page 28 Advertisements
    • 60 28 Deutsche Bank db.com Only a strong bank can shape change. This advertisement has been approved and/or communicated by Deutsche Bank AG and appears as a matter of record only. The services described in this advertisement are provided by Deutsche Bank AG or by its subsidiaries and/or affiliates in accordance with
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