The Business Times, 14 June 2014

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Total Pages: 40
1 16 The Business Times
  • 19 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JUNE 14-15, 2014 S$1.00 S$1.00 MCI (P) 086/08/2013 SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • 1117 1  -  Oil prices jump to 9-month high on supply concerns; Asian markets upbeat despite sell-off in US By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore ESCALATING violence in Iraq sent ripples through financial markets yesterday, as the world nervously watched the unfolding of the worst sectarian conflict to
    BT Graphics: Jennifer Chua, Andrea Soh;; Sources: Bloomberg, US EIA, Reuters, Wall Street Journal  -  1,117 words
  • 532 1  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE shiny stuff isn’t glittering now. Sales of cars, watches, and jewellery plunged by double-digits in April, dragging down Singapore’s retail sales by 9 per cent compared to a year ago. While loan curbs continue to take a
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  • TOP STORIES
    • 579 2  -  MOM says more S’poreans are in the market, given the tightened foreign worker tap By Chuang Peck Ming peckming@sph.com.sg Singapore THE jobless rate rose in the first three months of this year, but Singapore remains in full employment. The unemployment rate inched up
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    • MARKETS
      • 60 2 GSTI 3,293.25 (+0.24) GSTI FUTURES 3,294.00 (+1.00) HSIMSCI 374.26 (-0.30) HSIMSCI FUTURES 373.80 (-0.60) STOCKS Friday Change KL COMP 1,876.74 +2.87 NIKKEI 225 15,097.84 +124.31 HANG SENG 23,319.17 +144.15 SET 1,456.02 -1.00 JAKARTA 4,926.66 -7.74 MANILA 6,784.95 -24.23 KOSPI 1,990.8 -20.80 SHENZHEN B 824.94 +5.44 MUMBAI IND 25,228.17 -348.04
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      • 29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.307 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • 49 2 US$ S$ US$ (S$ per US$) 1.248 (US$/S$ per 1.698 2.120 EURO (US$/S$/€ 1.358 1.695 Foreign currency per US$ S$ YEN 101.90 81.60 RM 3.215 2.575 HK$ 7.752 6.210 BAHT 32.39 25.95 RUPIAH 11,786 9,442 RENMINBI 6.212 4.976 INDIAN RUPEE 59.54 47.70 A$ 1.063 0.851 NZ$ 1.153 0.924
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    • 483 4  -  Issues discussed include 500 MV solar photovoltaic project across Malaysia By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore MALAYSIA’S state-owned fund 1Malaysia Development Bhd (1MDB) held a three-day board meeting this week in Lucerne, central Switzerland, to discuss several issues including a lofty solar power plan
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    • 679 4  -  Tab S as thick as five credit cards stacked together; nearly 1 mm thinner than iPad Air By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore HEAVYWEIGHT Samsung Electronics has unveiled its thinnest and lightest tablet yet the Galaxy Tab S, which has Apple’s svelte offerings in its crosshairs.
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    • 542 5  -  It used to be that a soccer match was seen only by those at the stadium. Not anymore By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore VERY little has changed on the pitch of the world’s most popular sport since the first World Cup was
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    • 808 6 JUNE 15 Colombia vs Greece(12mn) Victor Khaw Director, Allalloy Dynaweld Pte Ltd ‘I had a shock when we got Colombia in the draw and wondered why nobody made a bid for this team. We will get through the group stage easily even without Falcao.
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    • 503 7  -  COMMENTARY By Rahul Pathak IF the ice cream-slurping child in your family started hurling stones at a Haagen-Dazs outlet, you’d be concerned. And if, in the spiritual home of football, a Brazilian says “I hope my team loses in the first round”, and goes
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  • Page 2 Advertisements
    • 48 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-12 S’pore Markets 12 Singapore 14-15 World 16-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 LIVING Style L2-3 Beauty L4-5 Dining L6-7 Design L8-9 Travel L10-12 Health L13 Motoring L14-15 Sports L16 Wealth 28-31 Househunt 30 Real Estate 31
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  • Page 3 Advertisements
    • 35 3 i m wmm MKt-TS C..5 y sag ;1 am. ■v '-> j^'* 1111 m > WW* I'M^m PSK .,r«t ll 5 K?S»3 MiWzm m "> 3MB IH -V m m&imSSi Seven world experts share their thoughts at dredit-suisse.com/qe
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  • Page 5 Advertisements
    • 254 5 NEED FOR SPEED 1998: FRANCE 10,000 SPECTATOR BANDWIDTH 2MB mobile-carrying spectators 15,200 at the final match sending one text message each (19% of 80,000 total attendees, based on 1998 French mobile usage) (3+ years) of worldwide television coverage 2006: GERMANY 29K HOURS 0 HOURS of official online video SPECTATOR BANDWIDTH
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  • Page 7 Advertisements
    • 1090 7 SINOPIPE HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1382N) NOTICE OF TENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of the Company will be held at 16 Ayer Rajah Crescent #03-06 Singapore *****5, on Monday 30 June 2014 at 2.00
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  • THE RAFFLES CONVERSATION
    • 2056 8 / 9  -  Humble, conciliatory and pragmatic, Telstra boss David Thodey has turned the Australian telecommunication and media giant around in 6 years, and won over critics in the process. By Angela Tan By Angela Tan angelat@sph.com.sg DAVID Thodey aroused the scrutiny of journalists, politicians and millions of Australians when he
      PHOTO: YEN MENG JIIN  -  2,056 words

  • COMPANIES
    • 525 10  -  Rates have fallen below cost of natural gas feedstock, posing financial risks for players By Ronnie Lim ronnie@sph.com.sg Singapore SINGAPORE generation companies (gencos) are concerned that wholesale electricity prices here have fallen for the first time below the cost of their natural gas
      FILE PHOTO  -  525 words
    • 672 10  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Monetary Authority of Singapore (MAS) yesterday said it will provide up to five billion yuan (S$1 billion) in overnight funds to support the growing offshore renminbi market here. The People’s Bank of China
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    • 696 11  -  OCBC has no exposure, DBS ‘not terribly concerned’, UOB believes in its risk management By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE’S three local banks said yesterday that they regularly review their loans amid a widening scandal involving false receipts
      PHOTO: BLOOMBERG  -  696 words
    • 376 11  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore RECENTLY listed catheter maker QT Vascular reported a net loss of US$9.2 million for its first quarter ended March 31, 2014, compared with a US$4.1 million loss the same period a year ago. The
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    • 389 11  -  By Raphael Lim raphlim@sph.com.sg Singapore A DAY after Indonesian budget airline Citilink was reported to have ended talks to acquire Tigerair Mandala, AirAsia said yesterday that it too has shelved plans to purchase the airline, according to reports by Reuters. “We would like to
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    • 595 12  -  STOCKS Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent IT’S now the fresh crisis in Iraq, the world’s second largest oil producer, that is rattling investor sentiment amid concerns that it could have widespread consequences. But for yesterday, the Singapore bourse and its regional peers
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    • Business briefing
      • 55 12 A SUBSIDIARY of developer Sim Lian has been awarded an $87.8 million contract by the Housing and Development Board for a project in Sengkang Neighbourhood 3. The contract for 27.5 months comprises the construction of four residential blocks with 503 dwelling units, a
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      • 67 12 CABLE maker Hengxin Technology has received in-principle approval from the Singapore Exchange to convert its listing from a primary to a secondary one, while maintaining its primary listing on the Hong Kong Stock Exchange. The company said the move was to reduce legal
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      • 98 12 TRANSCORP Holdings reported a $10.6 million net profit for the half-year ended April 30, a turnaround from a $931,000 net loss a year ago. Its $11.4 million total revenue included $11 million gains from the disposal of subsidiaries and a golf business. The group
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    • 173 12 VOL CLOSE Advance SCT 201,420 0 2 0.1 33.3 Mirach Energy 120,052 20 5 1.0 4.7 W Corp 104,592 8 6 0.2 2.4 Charisma Energy 75,671 5 3 0.1 1 .9 KLW R 67,093 0 4 0.1 20.0 B l umont 52,513 6 0.1 1 .6 A
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    • 117 12 Stock name Close Change Ascendas Reit 2.290 -0.010 CapitaLand 3.230 -0.010 CapitaMall Trust 1.985 -0.015 CityDev 10.480 -0.030 ComfortDelGro 2.450 -0.030 DBS Grp 17.130 +0.070 Genting Sing 1.335 +0.005 Global Logistic 2.680 Golden Agri-Res 0.575 HPH Trust USD 0.745 -0.005 HongkongLand USD 6.820 +0.010 JMH 400 USD 61.210
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    • 68 12 BY CENTS CLOSE UP GLD 10US$ ***** 131.1 0.9 DBXT USDIGInfl 5US$ ***** 102.3 0.3 DBS Bk 4.7% NCPS 100 ***** 90.0 0.9 DBXT EONIA 5US$ ***** 82.4 0.3 DBXT iBoxxUSTr 5US$ ***** 79.9 0.3 JMH 400 USD 6121 79.9 1.1 DBXT AUD Bonds 5AU$ ***** 56.4 0.2
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    • 61 12 BY CENTS CLOSEDOWN SPDRS S&P 500 10US$ ***** -158.5 -0.7 SPDR DJIA 10US$ ***** -129.8 -0.6 DBXT MSKorea 10US$ 6446 -117.3 -1.4 DTAC 200 USD 332 -44.9 -9.8 Lyxor AsiaIT 10US$ 3796 -44.9 -0.9 Lyxor AsiaCS 10US$ 6000 -39.9 -0.5 Lyxor MS India 10US$ 1603 -35.0 -1.7 DBXT
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    • 334 12  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore ABALONE producer Oceanus Group is not out of the soup yet. The company posted a narrower quarterly loss yesterday, but revised its 2013 results to a significantly wider loss even as its auditor said it did
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  • Page 13 Advertisements
    • 370 13 THE BIGGEST CAREER FAIR IS BACK AGAIN FREE BOOTH* AT STJOBS CAREER DEVELOPMENT FAIR 2014! STJOBS CAREER i DEVEL0PMENT2014 REQUEST NOW LIMITED BOOTH AVAILABLE Be part of Singapore's biggest and most exciting event with job seekers, employers and training providers all under one roof. Here's your opportunity to recruit talents
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  • SINGAPORE
    • 534 14  -  Lower-wage officers to get a wage increase starting in July, over and above their annual increment in 2014 By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT ALL 82,000 civil servants in Singapore will get a mid-year bonus of 0.5-month next month, said the Public Service Division
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    • 393 14  -  By Lester Wong lesterw@sph.com.sg PROVIDING customers with a family-ori-ented shopping experience has been one of the cornerstones of furnishing giant Ikea’s business strategy. Ikea’s Singapore arm is looking to raise its appeal to families with children by launching a line of furnishing
      PHOTO: YEN MENG JIIN  -  393 words
    • 883 15  -  Stakeholders of workplace safety and health are ramping up efforts to foster an even stronger safety culture By Lisabelle Tan lisatan@sph.com.sg PUTTING a positive spin on a null number, the Singapore Workplace Safety and Health (WSH) Council has been striving to attain “Vision
      FILE PHOTO  -  883 words
  • Page 14 Advertisements
    • 45 14 Mi*] $3 MILLION Estimated Draw on Mon, 16 Jun 2014 at 6.30pm For details, visit www.singaporepools.com.sg p layA Always play with care. responsiblyy Do not bet illegally. RGB Reg No: *****0202G m THE SINGAPORE SWEEP Wed, 2 Jul 2014 $2,300,000 Next Draw 1 st Prize
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  • Page 15 Advertisements
    • 243 15 1-for-1 Weekday Semi-buffet Lunch From $25++ per person at Carlton City Hotel Singapore! Venue: Plate at Carlton City Hotel Singapore Level 3, 1 Gopeng Street, Singapore *****2 Tel: (65) 6632 8922 Reservations: f&b@carltoncity.sg Website: www.carltoncity.sg Weekday Semi-buffet Lunch Promotion Semi Buffet Lunch including one selection from Chef’s Lunch Portion Main
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  • Page 16 Advertisements
    • 56 16 STJOBS SPOTLIGHT Our bi-monthly online jobs supplement Q Afedict editio May June 2014 is now G O v c ■S(f Dl gital A f Pclia Communications Advertis 111 jVtpbile iS& c o\ 0' V <b° is the media indust all glitz and glam? out! O' o f 't •c y
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  • WORLD
    • 556 17  -  Trend shows signs of stabilising economy and effects of stimulus measures By Virginie Mangin Beijing RETAIL sales and industrial output improved in May, another sign that China’s economy is stabilising after Beijing has been imposing targeted measures to support the slowing economy.
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    • 490 17  -  By Anthony Rowley Tokyo BANK of Japan (BOJ) governor Haruhiko Kuroda issued an upbeat assessment of Japan’s short-term economic prospects yesterday, even as another BOJ official said bond markets may be underestimating the strength of the nation’s economic recovery. They spoke after the central
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    • 242 17 LATEST US DATA Bloomberg Washington WHOLESALE prices in the US unexpectedly fell in May, suggesting that demand is not robust enough to push inflation closer to the Federal Reserve’s target. Over the past 12 months, costs climbed 2 per cent, figures from the Labor Department
      Bloomberg  -  242 words
    • 468 18 Interim government to be set up by August as part of reconciliation Reuters Bangkok THAILAND’S military government lifted a curfew nationwide yesterday, citing the absence of any violence and the need to support the country’s tourism sector. “As the situation has improved and there have
      Reuters; PHOTO: REUTERS  -  468 words
    • 391 18 Reuters Kuala Lumpur MALAYSIA’S government has submitted a bill to parliament that would create an investment panel inside the country’s tax revenue agency which could invest in a wide range of areas, including initial public offerings of companies. The bill, scheduled for
      Reuters  -  391 words
    • 221 18 Reuters London NORTH Sea-focused oil producer EnQuest has agreed to take over ExxonMobil’s share in the Malaysian Seligi oil field, expanding its production portfolio outside of its core UK market. Upon completion of the deal, which is subject to regulator approval, EnQuest will
      Reuters  -  221 words
    • 298 19 AFP LONDON BRITISH finance minister George Osborne has vowed “radical” planning reforms and more powers for the central bank in an attempt to curb the country’s spiralling house prices. Making his keynote speech at London’s Mansion House, the Chancellor of the
      AFP; PHOTO: BLOOMBERG  -  298 words
    • 443 19 Departing chief operating officer in charge of reviving flagging numbers will not be replaced Reuters San Francisco TWITTER has announced the abrupt departure of two senior executives, including the chief operating officer who had been responsible for the social media company’s
      Reuters  -  443 words
    • 261 19 AFP Washington PAY for chief executives of US companies has soared nearly 10-fold over the last 35 years to an average of US$15.2 million in 2013, according to a study released on Thursday. Total compensation, including bonuses and stock options, jumped 937
      AFP  -  261 words
    • 552 20 Territory’s central bank to carry out business continuity planning drill with member banks Reuters Hong Kong MULTINATIONAL corporations and financial institutions in Hong Kong are drawing up emergency plans in the event of a partial shutdown of the financial hub’s business district this summer
      Reuters; PHOTO: AFP  -  552 words
    • 438 20 Modi priority project is linked to promise to supply continuous power Reuters New Delhi INDIA’S new government said that it would speed up work on three railway lines key to transporting 100 million tonnes of coal per year from
      Reuters  -  438 words
  • Page 17 Advertisements
    • 33 17 www.omy.sg always ■x a dry nig/)* at© a^ er a WN Ldiapersiforiyour A baby] contests.omy.sg/pampers-baby-dry v r PT3 0&. 0 0 Scan to win Download omy Apps omy News ios App store 0S510
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  • Page 18 Advertisements
    • 25 18 One man’s junk is another man’s treasure Shop second-hand or sell your possessions In CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Page 19 Advertisements

  • Page 20 Advertisements
    • 76 20 HOT PROPERTY as served at K im v Con Pool p ar k inn/ r dm 3+2 Can buy d 9 /d < re 9ners $3.68m/ d d terrace!!! carpk. S Face +1 poo| h o aSement VTO. pooL °PP Taka I MODERN NEW Hqc n with pool 20 4srf/
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  • SGX
    • 8180 21 Transaction date: Jun 13 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.3 10.4 8Telecom 11.8 10.9 12.5 6.3 1 15.3 56.5 20 5.1 A-Sonic Aero 8.5 unch 50 8.5 8.5 8.4 8.5
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    • 1998 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32 23 t 3Cnergy 500 32 unch 2 32 32 29.5 32 31.5 28.5 19 t 800 Super 25 -0.5 50 25 25 23.5 25.5
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    • 186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 3 0 0 0 6 6 3 Manufacturing 46 51 37 6 10 14 52 61 51 Commerce 17 18 22 5 6 2 22 24 24 Tpt/Stor/Comms 9 22 8
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    • 805 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 9 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) LCD Global Investments 12-Jun-14 Koh Wee Seng Buy 1800 0.27 *****3 14.20 *****3 14.37 W Corporation 12-Jun-14
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    • 121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 38,859 38,859 46,236 46,236 Manufacturing 426,021 128,178 554,199 153,164 6,784 159,948 Commerce 68,532 98,629 167,161 66,889 5,473 72,361 Tpt/Stor/Comms 91,110 2,640 93,750 120,010 374 120,384 Finance 32,076 233 32,309 109,722 74 109,796 Construction 34,412 78,524
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  • MARKETS
    • 94 25 Jun 12 COCOA (£/tonne) Close Prev High Low Jul 14 1964 1984 1995 1961 Sep 14 1930 1958 1964 1929 Dec 14 1916 1942 1945 1914 Mar 15 1906 1930 1930 1905 COFFEE(US$/tonne) Close Prev High Low Jul 14 1957 1944 1961 1934 Sep 14 1972 1960 1977 1950
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    • 71 25 Jun 13 GOLD(US$/oz) Jun 13 Jun 12 Hong Kong 1280.00 1267.00 Jun 12 Jun 11 London 1272.26 1262.20 1273.03 1262.85 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.76 23.99 Source: UOB Source: UOB PLATINUM Lon (US$/oz) Jun 12 Close Previous PM Fix 1438.00 1483.00 AM Fix 1468.00
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    • 118 25 Jun 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.203 1.146 Can dollar 1.171 1.126 Euro 1.731 1.649 Sterling pound 2.154 2.072 NZ dollar 1.108 1.066 US dollar 1.273 1.213 Local dollars to 100 units of foreign currency: Currencies Sell
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    • STOCK MARKETS
      • 20 25 YTD change: +3.97% 52-week high: 3,311.44 on June 9,2014 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • 20 25 YTD change: +0.05% 52-week high: 24,111.55 on Dec 2,2013 52-week low: 19,426.36 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • 21 25 YTD change: -2.14% 52-week high: 2,270.27 on Sept 12,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        20 25 YTD change: -7.33% 52-week high: 16,320.22 on Dec 30, 2013 52-week low: 12,415.85 on June 13,2013 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • 26 25 YTD change: +0.95% 52-week high: 16,970.17 on June 9,2014 52-week low: 14,551.27 on June 24,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
    • 56 25 Jun 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 14 2403.0 283 Jul 14 2410.0 2409.0 2451.0 2409.0 1273 8114 Aug 14 2404.0 2401.0 2448.0 2403.0 ***** ***** Sep 14 2401.0 2399.0 2445.0 2401.0 ***** *****
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    • 84 25 Jun 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.22 101.26 101.24 5-Year NX*****W 2.5 01-Jun-19 105.7 105.85 105.80 10-Year NX*****H 2.750 01-Jul-23
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    • 155 25 Jun 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1745 1.1750 0.9410 0.9413 Canadian dollar 1.1500 1.1505 0.9217 0.9214 Euro 1.6943 1.6948 1.3575 1.3577 NZ dollar 1.0819 1.0828 0.8668 0.8674 Sterling pound 2.1191 2.1199 1.6979 1.6982
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    • 105 25 Jun 12 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 14 1415.25 1445.50 1452.75 1410.00 Aug 14 1360.25 1382.75 1389.75 1353.50 Sep 14 1250.75 1261.75 1268.25 1245.00 Nov 14 1212.25 1220.75 1226.50 1205.75 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 14 38.58 38.42 38.93
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    • 68 25 Jun 12 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 111.76 2.11 WTI (Near Mth) 106.43 1.97 Dubai (1-Mth F) 106.66 1.23 Tapis blend 115.01 1.55 Minas 110.41 1.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.39 0.42 Jet Kerosene 119.66 1.36 US$/barrel OpecOil Basket Price 107.39
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    • 72 25 Jun 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1803.75 1827.00 3 months 1844.00 1867.00 Copper, Grade A (US$/tonne) Cash 6643.50 6743.00 3 months 6620.00 6690.00 Lead (US$/tonne) Cash 2047.50 2098.50 3 months 2075.00 2125.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jun 12 Index Change Change Change Change Change Change World Preliminary 1230.5 -0.2 3.9 -0.2 3.0 -0.1 4.1 EAFE Preliminary 977.4 -0.1 2.2 0.0 1.8 0.1 2.9 Europe Preliminary 1418.6 0.0 4.7
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  • PERSPECTIVE
    • 1191 26 / 27  -  Last year, 0.003 per cent of the world’s population held, in assets, the equivalent of almost 38 per cent of global gross domestic product. BY SARAH MERETTE BY SARAH MERETTE ~The writer is a Research Fellow at Wealth-X Institute, the wealth and economics research
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  • Page 26 / 27 Advertisements
  • Page 26 / 27 Miscellaneous
    • 328 26 / 27 CRYPTIC CROSSWORD Across 1 Dish of seafood an aid to growth (8) 9 Gaol rich crooked powerful man (8) 10 Vegetarian food out of unopened bottles (4) 11 Veteran using net more certain to catch fish initially following change (6,6) 13 Person drinking to wake up in vehicle (8) 15
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  • Wealth
    • WEALTH INVESTING
      • 824 28 / 29  -  Providend launches portal that allows consumers to compare prices of protection and savings products Genevieve Cua gen@sph.com.sg Personal Finance Editor Financial advisory firm Providend is taking a bold leap to launch an insurance portal that allows consumers to compare prices of protection and savings
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      • 826 28 / 29 Bloomberg Sydney BOND investors are following Canada’s largest pension fund manager and Abu Dhabi Investment Council (ADIC) in backing Goodman Group’s global expansion. Contracts protecting debt in the world’s second-biggest industrial property developer by assets have fallen 36 basis points this year
        Bloomberg  -  826 words
      • 748 28 / 29  -  Compiled by Cai Haoxiang SIA Engineering Buy Maybank Kim Eng Research, June 11 Close: $5.07 WE hosted the management of SIA Engineering (SIAEC) to a non-deal roadshow in Singapore on Tuesday. Management acknowledged investors’ concern over labour cost pressures in Singapore, but highlighted that its operational efficiency would
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    • WEALTH REAL ESTATE
      • 937 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 30 AND MAY 6, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Pacific Mans Apt 05/05/2014 FH 1528 2030 1328 District 3 NON-LANDED Twin Regency Apt
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      • 740 31  -  ‘Substantially unsold’ core central region projects also seen cutting prices anytime By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE sale is on for private residential projects in the prime central region, following price cuts for city fringe and suburban projects which helped developers
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      • 261 31  -  By Sheena Tan tsheena@sph.com.sg Singapore ONE Farrer Hotel Spa, located within mixed-use complex Connexion along Farrer Park Road, is set to open this August. Besides the hotel, Connexion also includes a medical centre and hospital. Originally slated to open in 2010, Connexion’s opening
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      • 140 31 Reuters Hong Kong A TPG Capital Management-led consortium has agreed to buy the property arm of Australian engineering services firm UGL Ltd for A$1.215 billion (S$1.43 billion), a source said yesterday. UGL put the unit DTZ, a real estate services company, for sale to
        Reuters  -  140 words



  • Page 32 Advertisements
    • 147 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE WATCH THAT BROKE ALL THE RULES, REBORN. IN 1972, THE ORIGINAL ROYAL OAK SHOCKED THE WATCHMAKING WORLD AS THE FIRST HAUTE HOROLOGY SPORTS WATCH TO TREAT STEEL AS A PRECIOUS METAL. TODAY THE NEW ROYAL OAK COLLECTION STAYS TRUE TO
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  • Page 1 Advertisements
    • 56 1 SHEAR LUXURY Traditional wet shave makes a comeback L2-3 BEAUTY Facing it naturally L4-5 LivingBTTHE BUSINESS TIMES WEEKEND JUNE 14 15 2014 DESIGN A well-dressed home L8-9 PHOTO: WE NEED A HERO TRAVEL Spain’s temples of art L10-11 MOTORING Cooper cool L15 DINING Fresh seafood just a click away L6-7
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  • BT Living
    • STYLE
      • Article, Illustration
        1379 2 / 3  -  Say goodbye to utilitarian electric shavers, as the rituals of the traditional wet shave makes a comeback. By May Yip By May Yip AT SOME point between nasal hair trimming becoming a basic grooming routine and boyzillians no longer regarded as acts of masochism, shaving evolved into a
        PHOTOS: Jermyn Street, We Need A Hero; PHOTOS: JERMYN STREET, WE NEED A HERO  -  1,379 words
      • 397 2 / 3 WHETHER it’s a treat for Dad this Father’s Day, or time for a grooming regimen upgrade, these hyper-mascu-line, old world barbershops shear away stubble in style and comfort. Truefitt Hill 9 Ann Siang RoadZ6223 5263 This local outpost of the world’s oldest barbershop, established in 1805 in
        397 words
    • BEAUTY
      • 1387 4 / 5  -  Spa clients are spoilt for choice with the wide selection of treatments that use natural ingredients. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg THERE are a few ways for spas to differentiate themselves in a highly competitive market. It could be location or design, and of course
        1,387 words
    • DINING
      • 1492 6 / 7  -  BTWeekend checks out online businesses that will that satisfy your cravings with home deliveries By Debbie Yong debyong@sph.com.sg @DebbieYongBT The Alaska Guys www.thealaskaguys.com THE next time you sup on that svelte Alaskan king crab leg, stop to spare a thought: are you
        PHOTOS: THE ALASKA GUYS; PHOTO: GOFRESH  -  1,492 words
      • 353 6 / 7  -  By Georgine Verano gverano@sph.com.sg Rakuten www.rakuten.com.sg THE popular Japanese online store recently launched its Singapore site and has linked up with local merchants such as Kuriya Fish Market to sell sashimi-grade quality and other fresh seafood from Japan. Pick from sashimi grade buri and salmon to
        353 words
    • DESIGN
      • 643 8 / 9  -  Top fashion labels including Kate Spade, Bottega Veneta and Hermes are expanding into the lifestyle business. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT YOU wear the clothes. Why not write in the notebooks or eat off the plates? That seems to be the
        643 words
      • Article, Illustration
        730 8 / 9  -  By Tay Suan Chiang WANT to furnish your home with your favourite fashion label? Here are what the fashion houses are offering. Kate Spade From Monoyono, Plaza Singapura, #B1-06 The Kate Spade New York Stationery and Gifts collection was launched in the US last year. The look
        730 words
    • TRAVEL
      • 1455 10 / 11  -  Several cities in the country lay claim to a cultural landscape that would satisfy any art and architecture junkie. By Helmi Yusof By Helmi Yusof helmi@sph.com.sg @HelmiBT PICASSO’S paintings hang proudly on many a splendid wall around the world. But the roots of his inspiration began
        PHOTOS: HELMI YUSOF, ANDREAS PRAEFCKE; REINA SOFIA MUSEUM;PRADO MUSEUM  -  1,455 words
      • 1147 12  -  Not knowing what each day will be like is what has been keeping Safari guide Peter Allison in the bush for nearly 2 decades. By Tay Suan Chiang l l l By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT WHAT do you do when a herd of wild
        1,147 words
    • HEALTH
      • 1371 13  -  People can develop significant coronary artery disease despite having good risk-factor control Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the British Medical Journal Publishing Group); chairman, scientific advisory
        PHOTO: STOCK.XCHNG  -  1,371 words
    • MOTORING
      • 633 14  -  The Renault Kangoo’s price, size and features make it the business-friendly alternative. By Samuel Ee samuelee@sph.com.sg IT’S not everyday that a major makeover comes with a twin but this is what has happened to the Renault Kangoo. The Kangoo was one of the most popular names in light
        633 words
      • Article, Illustration
        701 15  -  The new Mini Cooper is still stylish even though it is bigger and more refined. By Samuel Ee By Samuel Ee samuelee@sph.com.sg EVER since BMW introduced the first Mini Cooper more than 12 years ago, each successive generation has grown bigger. So while the size of the third
        701 words
    • SPORTS
      • 862 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent FRANCESCO Calvo wears a bemused look when I ask him who he thinks will win the big World Cup game between Italy and England tomorrow morning. The commercial director for Italy’s most successful football club, Juventus,
        PHOTOS: AFP, JUVENTUS FC  -  862 words

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    • 897 4 / 5 wine dine with BTWeekend Peach Blossoms Marina Mandarin Singapore 6 Raffles Boulevard, Level 5 Abalone Redefined Be amazed with Executive Chinese Chef Chan Shun Wong’s specially crafted à la carte and set menus. Enjoy highlights such as double-boiled abalone soup in coconut and braised two-headed Mexican whole abalone when you
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