The Business Times, 1 July 2014

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Microfilm: NL33180
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, July 1, 2014
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  • Article
    Lock icon A property alliance to take on the big boys
    838 1  -  Grouping of four agencies aims to address shrinking pool of buyers By LEE MEIXIAN leemx@sph.com.sg @LeeMexianBT [SINGAPORE] The slowing property market has nudged four mid-sized property agencies SLP International, OrangeTee, HSR International and Dennis Wee Realty to form an alliance which
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,255.67 (-15.38) HST INDEX FUTURES 3,251.00 (-20.00) HSIMSCI 370.86 (-1.28) HSIMSCI FUTURES 370.50 (-1.60) US$ S$ US$ (S$ per US$) 1.248 (US$/S$ per 1.703 2.126 EURO (US$/S$/€ 1.365 1.704 Foreign currency per US$ S$ YEN 101.40 81.20 RM 3.211 2.572 HK$ 7.751 6.208 BAHT 32.45 25.99 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Monday Change KL COMP 1,882.71 +1.78 NIKKEI 225 15,162.10 +67.10 HANG SENG 23,190.72 -30.80 SET INDEX 1,485.75 +2.51 JAKARTA COMP 4,878.58 +33.45 MANILA COMP 6,844.31 +2.16 SEOUL COMP 2,002.21 +13.70 SHENZHEN B 842.57 +4.14 MUMBAI IND 25,413.78 +313.86 12 noon EDT Change DOW 16,839.83 -12.01 NASDAQ 4,406.32 +8.39
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE MALAYSIA HONG KONG 5.35 TAIWAN 5.00 INDONESIA 15.469 TAIWAN 5.036 CANADA 1.475 KOREA 9.33 Source: Bloomberg
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  • Article
    Lock icon Working conditions not behind Little India riot
    857 1  -  But COI believes there is ‘room for improvement’ in the treatment of foreign workers By KELLY TAY By kellytay@sph.com.sg @KellyTayBT [SINGAPORE] The Committee of Inquiry (COI) into last year’s Little India riot believes there is “room for improvement” in the treatment of foreign
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      126 1 PROPERTY Prices of non-landed private homes rise in May PAGE 30 COMPANIES Frasers Hospitality Trust prices IPO at 88¢ each PAGE 6 ECONOMY DBS CEO baffled by US stock market SME Inc TeleRadio sets sights on Middle East market PAGE 13 PAGE 11 RICHARD MILLE A RACING MACHINE ON THE
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  • TOP STORIES
    • Article
      Lock icon May loans growth could signal battle for deposits
      565 2  -  Total loans up 1.1% in May from a month ago amid shrinking deposits By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT [SINGAPORE] Analysts are watching how growth in loans in Singapore has again outpaced that of deposits, and have flagged higher deposit competition among banks
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    • Article
      Lock icon THREE-MINUTE DIGEST
      446 2 Working conditions not behind riot: COI THE Committee of Inquiry into Little India Riot believes there is “room for improvement” in the treatment of foreign workers here, even though it says migrant workers’ employment and living conditions were not the cause of Dec 8’s unrest. FRONT PAGE An
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    • Article, Illustration
      Lock icon Penalties still fairest way to break deadlock
      707 2  -  An immense amount of technique, skill and confidence needed to execute a kick successfully COMMENTARY LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT Correspondent IT SPEAKS volumes about just how tight the knockout stage of the World Cup can be, with three of the first four elimination
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    • Article, Illustration
      Lock icon The BT-Coca-Cola World Cup Charity Drive
      344 2 JULY 2 Argentina vs Switzerland (12mn) Wolfgang Baier Group CEO, Singapore Post Ltd Argentina are one of the favourites coming into this World Cup. They will be under tremendous pressure to win the match against Switzerland, to gain a spot in the quarter-finals. To
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    • Article
      Lock icon Thank you for the passion, Brasil!
      466 2  - Thank you for the passion Brasil! COMMENTARY By TERRY D O’CONNOR The writer is Group CEO, Courts Asia Ltd I WRITE this from Rio International Airport after an amazing 12 days of football, fun and food (meat, to be more specific) on a father-son adventure at the World Cup. Our
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      119 3 PHOTOGRAPHED BY KRISTIAN SCHULLER 0 (i PM NC ■i W «6q V LA. f L ;2 -:t. -tj. ir" ,f‘ EXTRAORDINARY PERFORMANCE Handmade in England by a single craftsman using only the finest materials, including a screen of virtually scratchproof sapphire crystal protecting a full HD display. Acoustics perfectly tuned
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      773 4 Little India riot: Inquiry’s findings Days after the Little India riot erupted on Dec 8,2013, a Committee of Inquiry (COI) was appointed to look into the factors that led to the unrest. It was also tasked with recommending measures to reduce any future risk of such incidents, and to improve
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      199 5 ,*~g A TEST DRIVE IS ALL IT TAKES TO TURN DRIVERS INTO FANS. EXPERIENCE THE ESSENCE OF LUXURY WITH THE LEXUS ES, The world's best-selling Lexus sedan, the Lexus ES, is designed to captivate drivers and passengers like never before. From its ergonomically designed seats to the distinctive hand-stitched dashboard
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  • COMPANY NEWS
    • Article
      Lock icon Frasers Hospitality Trust IPO units at 88 cts each
      643 6  -  Acquisition pipeline provides potential for its asset portfolio to swell By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT FRASERS Hospitality Trust (FHT), which will start trading on the Singapore Exchange this month, could be making another acquisition as early as in the next 15
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    • Article
      Lock icon Accordia Golf Trust aiming to raise up to $782m from IPO
      304 6  -  By SHEENA TAN tsheena@sph.com.sg SINGAPORE’S first golf business trust to be listed, Accordia Golf Trust (AG Trust), is seeking to raise up to $782 million from its mainboard initial public offering on the Singapore Exchange. According to its preliminary
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    • Article
      Lock icon BROKERS’ TAKE
      980 6  -  Compiled by ANDREA SOH Singapore Post June 30 close: S$1.735 UOB Kay Hian, June 30 WE spoke to management recently and this report highlights the key takeaways. Singapore Post’s (SingPost) fully integrated end-to-end e-commerce solutions provide an avenue for local and global brands to grow their online businesses
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    • Article
      Lock icon Shares up as Ying Li ropes in China Everbright
      615 6  -  By CAI HAOXIANG By haoxiang@sph.com.sg @HaoxiangCaiBT SHARES of Ying Li International Real Estate, a Singa-pore-listed China-based property developer, surged as much as 14 per cent yesterday on news of its proposal to rope in China Everbright Limited (CEL) as a strategic
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    • Article, Illustration
      Lock icon Market cap up 6.2% y-o-y
      721 10  -  Value of stocks rises for 2nd consecutive quarter, thanks to banks, property firms By KENNETH LIM kenlim@sph.com.sg @KennethLimBT THE value of Singapore stocks rose for the second straight quarter on the back of banks and property companies, but the market limps into the second half
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    • Article
      Lock icon H1 syndicated loan value for Asia-Pac ex-Japan slips 2.4%
      336 10  -  By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT THE value of syndicated loans in Asia-Pacific (excluding Japan) in the first half of the year slipped 2.4 per cent to US$207 billion from the corresponding period last year, Thomson Reuters data show. This was despite
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    • Article
      Lock icon Delivery of big liftboat lifts Triyards’ record
      694 10  -  450-ft self-elevating unit handed over to a unit of Ezion Hldgs By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT SOME 20 months and US$90 million later, Singapore’s mainboard-listed Triyards Holdings has handed over the 450-foot latticelegged self-elevating unit (SEU), one of the world’s largest liftboats, to
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    • Article, Illustration
      Lock icon DBS CEO baffled over US stock market
      484 11  -  Stock markets, talk that hint at strong US growth not reflected in data By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT THE United States market has left DBS Bank chief executive Piyush Gupta “quite confused”. Stock markets and market talk suggest that the US will grow
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    • Article
      Lock icon CitySpring in JV to develop and lease data centre
      416 11  -  B)’ ANDREA SOH sandrea@sph.com.sg @AndreaSohBT CITYSPRING Infrastructure Trust is forming a joint venture with architectural and engineering firm Shimizu Corporation to develop and lease a data centre, as it seeks to deepen its presence in telecommunications infrastructure. The joint venture, in
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    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds (June 30, 2014)
      278 11 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD ($m) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE GROSS YEAR RAISED ISIN CODE MATURITY DATE 01.07.2014 NX*****F 2004 3 5/8 5800.00 1/1 1/7 180 100.00 3.63
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    • COMPANY BRIEFS
      • Article
        Lock icon Grand Central sells Grand Chancellor
        51 11 HOTEL Grand Central has agreed to sell its full stake in Hotel Grand Chancellor at 3 Belilios Road in Little India to an unnamed party for $248 million. The buyer has already paid $18.6 million, with the completion date expected to be Jan 15 next
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      • Article
        Lock icon Keppel Land names new director
        68 11 KEPPEL Land has appointed Chan Hon Chew, chief financial officer of Keppel Corp, as a non-independent, non-executive director from today. Mr Chan was senior vice-president of finance at Singapore Airlines before joining Keppel Corp, and had represented SIA as a director on the board of
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      • Article
        Lock icon Terratech eyeing Catalist listing
        27 11 TERRATECH Group, which owns and operates the Kelantan Marble Quarry till January 2044, has lodged its preliminary offer document for a Catalist listing.
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      • Article
        Lock icon Z-Obee requests trading suspension
        48 11 Z-OBEE Holdings, a technology company listed in Singapore and Hong Kong, has requested a trading suspension here after the appointment of two provisional liquidators for the company in Hong Kong. The stock has also been suspended on the Hong Kong Exchange from last Friday.
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      110 6 The SME Magazine coming to you with your copy of The Business Times tomorrow! e agaz ne com ng to you IN THIS ISSUE ALL IN THE FAMILY: Where’s the line between family, business, and the family business? NEVER TOO LATE: Why Intero’s Patrick Goh’s late foray into entrepreneurship was
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      315 7 FirstGlobal HotelandServiced ResidenceTrust tobelistedin Singapore IMPORTANTNOTICE TermsdefinedorusedintheProspectusshallhavethesamemeaningswhenusedherein. Thisadvertisementisforinformationonlyanddoesnotconstituteaninvitationoroffertoacquire,purchaseorsubscribeforstapledsecuritiesinFHT.Thisadvertisementisqualifiedinitsentiretyby,andshouldbeviewedinconjunctionwith,thefulltextofthe Prospectusinrelationtotheinitialpublicoffering(the“Offering”)oftheStapledSecurities.TheOfferingismadebyFrasersHospitalityAssetManagementPte.Ltd.,asmanagerofFH-REIT,andFrasersHospitalityTrustManagementPte.Ltd.,astrustee-manager ofFH-BT(collectively,the“Managers”).AnyonewishingtosubscribefororpurchasetheStapledSecuritieswillneedtomakeanapplicationinthemannersetoutintheProspectus. ThevalueoftheStapledSecuritiesandtheincomederivedfromthemmayfallorrise.TheStapledSecuritiesarenotobligations,ordepositsin,orguaranteedbytheManagers,TheTrustCompany(Asia)Limited(astrusteeofFH-REIT),theSponsor,theSole GlobalCoordinatorandIssueManagerortheJointBookrunnersandUnderwriters.AninvestmentintheStapledSecuritiesissubjecttoinvestmentrisks,includingthepossiblelossoftheprincipalamountinvested.TheholdersoftheStapledSecurities(the “StapledSecurityholders”)havenorighttorequestthattheManagersredeemorpurchasetheirStapledSecuritieswhiletheStapledSecuritiesarelisted.ItisintendedthatStapledSecurityholdersmayonlydealintheirStapledSecuritiesthroughtradingonthe SGX-ST.ListingoftheStapledSecuritiesontheSGX-STdoesnotguaranteealiquidmarketfortheStapledSecurities. Thisadvertisementmaycontainforward-lookingstatementsthatinvolveassumptions,risksanduncertainties.Actualfutureperformance,outcomesandresultsmaydiffermateriallyfromthoseexpressedinforward-lookingstatementsasaresultofanumberof risks,uncertaintiesandassumptions.Predictions,projectionsorforecastsoftheeconomyoreconomictrendsofthemarketarenotnecessarilyindicativeofthefutureorlikelyperformanceofFHT.Theforecast financialperformanceofFHTisnotguaranteed. Apotentialinvestoriscautionednottoplaceunduerelianceontheseforward-lookingstatements,whicharebasedontheManagers’currentviewoffutureevents. ThisadvertisementisnotanofferofsecuritiesforsaleintheUnitedStatesorelsewhere.TheStapledSecuritiesarenotbeingregisteredundertheUSSecuritiesActof1933,asamended(the“SecuritiesAct”)andmaynotbeofferedorsoldintheUnitedStates unlessregisteredundertheSecuritiesActorpursuanttoanexemptionfromsuchregistration.TherewillbenopublicofferingoftheStapledSecuritiesintheUnitedStates. ThisadvertisementisnottobedistributedorcirculatedoutsideSingapore.AnyfailuretocomplywiththisrestrictionmayconstituteaviolationofUnitedStatessecuritieslawsorthelawsofanyotherjurisdiction. QUALITYASSETS(3) KEY GATEWAY CITIES(4) ROOMS(5) 12 7 2,770 (1) The projected yield for the Projection Year 2015 is calculated based on the Offering Price and the various assumptions set
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI up just 2.8% at mid-stream
      685 8  -  First half year marked by poor liquidity; penny stock segment saw flickering signs of life STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent Although business done in blue chips increased slightly yesterday, prices weakened with the Straits Times Index (STI) dropping 15.38 points to 3,255.67.
      Source: Bloomberg  -  685 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jun 30 VALUE CLOSE BT OB/OS -159.00 +11.00 BT CADI -*****.00 -66.00 BT 10-day MA -*****.00 -16.00 FTSE ST Mid Cap 773.07 -0.49 FTSE ST Small Cap 556.72 -1.81 FTSE ST All Share 795.30 -3.14 FTSE ST China Top 198.18 -0.40 FTSE ST China 225.37 -0.31 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME Transcu Grp 296,067,000 Polaris 120,863,000 Oceanus 110,266,000 China Intl 84,765,000 ICP 75,175,000 PNEMicron 63,569,000 APAC Strategic 63,208,000 Mirach Energy 62,925,000 Adventus 62,220,000 GlobalYellow W*****5 58,629,000 VALUE($) SingTel 81,852,045 UOB 73,853,427 DBS Grp 63,916,890 OCBC Bank 42,816,311 Keppel Corp 35,255,720 Global Logistic 33,152,930 Noble 24,573,581 Golden Agri-Res
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 5 6 0 0 0 4 5 6 Manufacturing 44 61 40 10 11 5 54 72 45 Commerce 23 13 22 3 8 6 26 21 28 Tpt/Stor/Comms 10 18 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,412 17,412 61,909 61,909 Manufacturing 317,045 365,759 682,804 123,542 17,848 141,391 Commerce 227,886 115,216 343,102 83,425 10,785 94,210 Tpt/Stor/Comms 233,951 1,659 235,610 190,549 199 190,748 Finance 32,877 1,471 34,348 194,394 463 194,858 Construction 60,966 41,508
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      120 8 Stock name Close Change Ascendas Reit 2.300 -0.020 CapitaLand 3.200 -0.010 CapitaMall Trust 1.975 +0.005 CityDev 10.23 -0.180 ComfortDelGro 2.500 DBS Grp 16.75 -0.060 Genting Sing 1.330 -0.010 Global Logistic 2.700 +0.010 Golden Agri-Res 0.555 -0.010 HPH Trust USD 0.720 HongkongLand USD 6.670 -0.020 JMH 400
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    • Article, Illustration
      Lock icon US$ hits one-month low against yen
      476 8 CURRENCIES Bloomberg [NEW YORK] The US dollar touched its weakest level in more than a month against the yen yesterday, before a gauge of US business activity that economists said would add to evidence the recovery in the world’s largest economy is slowing. The
      Bloomberg; PHOTO: BLOOMBERG  -  476 words
    • Article
      Lock icon RISES
      116 8 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ ***** 258.4 0.7 Lyxor Indonesia10US$ 8727 242.2 2.3 DBXT MSKorea 10US$ 6531 178.5 2.2 DBXT Nifty 10US$ ***** 123.6 0.8 DBXT iBoxxSvEu 5US$ ***** 79.9 0.2 DBXT EONIA 5US$ ***** 58.7 0.2 Lyxor AsiaCS 10US$ 5987 49.9 0.7 Lyxor AsiaIT 10US$ 3878
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    • Article
      Lock icon FALLS
      129 8 BY CENTS CLOSE DOWN DBXT AUDCS 5SG$ ***** -111.0 -0.4 JSH 500 USD 3573 -96.1 -2.1 JMH 400 USD 5931 -86.1 -1.2 DBXT AUDCS 5US$ ***** -53.7 -0.2 GLD 10US$ ***** -37.5 -0.2 DBXT AUD Bonds 5AU$ ***** -27.0 -0.1 DBXT DBLCI-OY 5US$ 3508 -21.2 -0.5 DBXT SPASX200 10US$
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      106 8 IG GIVES ME ALL THETOOLS I NEED TO TRADE GLOBAL MARKETS V r*“ .Jl .-...••■I I. 'I. .1 Ml' T ACCESS FOREX, SHARES, INDICES AND COMMODITIES WITH CFDs ON OUR AWARD-WINNING PLATFORM Find out more at our storefront office on Battery Road or IG.com.sg CFD trading can result in losses
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      269 9 CONGRATULATIONS TO ON THE SUCCESSFUL DELIVERY OF THE FIRST BH 450 Today marks yet another significant milestone for TRIYARDS with the delivery of the BH 450 the Group's own exclusively designed self-elevating, self-propelled service unit. This follows closely behind the recent successful delivery of the highly sophisticated ice-class multi-lay construction
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      10 10 MEN’S HEALTH 11TH BIRTHDAY SPECIAL GIVEAWAY! Subscribenowandselectagift ofyourchoiceworthupto$159! GRABYOURJULYISSUENOW! MENSHEALTH.COM.SG
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      103 10 Sri Lanka Hospitality Investment Conference 25-27 August 2014 Colombo, Sri Lanka 1 .,1 jt I A New Era Uncovering your next hospitality investment opportunity in Sri Lanka YOUR ONLY OPPORTUNITY! Why Sponsor? Showcase your products and services to hospitality investors and hotel management groups Be recognized as a leader in
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      152 10 C yC\ /SueaU air Singapore Gifts Premiums Fair 2014 16-18 July 2014 Marina Bay Sands, Singapore tssas V r> i** V*** VP s Visit O o Wn to More than $15 000 worth of prizes for grabs! up Be rewarded with DOUBLE chances to win A attractive prizes if you
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      66 10 www.comexshow.com.sg SINGAPORE’S LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IS BACK! 28 31 August 2014 SUNTEC Singapore Levels 3, 4 6 Sell your tech products services to over 600,000 consumers directly Leverage on an unrivalled publicity campaign Book Your Space NOW! *Limited BoothsAvailable (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR,
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      154 11 --V. r v n J r •> -X "r >- paradisegp.com Partnered by Don't have an ANZ Credit Card? Visit anz.com.sg to apply. Grande Banquet 1 July 30 September 2014 The art of creating culinary sensations using fragrant flowers has been quintessential to Chinese cuisine for centuries. Drawing inspiration from
      154 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Business confidence down for third quarter
      471 12  -  Pullback in regional demand, fiscal headwinds in global economy cited By VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT LOCAL business confidence eased slightly for the third quarter of 2014 due to a pullback in regional demand as well as renewed uncertainties and fiscal headwinds in the global
      Source: Singapore Commercial Credit Bureau's Business Optimism Index  -  471 words
    • Article
      Lock icon Rakuten launches US$100m fund; Socialwalk raises seed funding
      484 12  -  By JACQUELYN CHEOK By jaccheok@sph.com.sg @JacCheokBT SINGAPORE’S tech start-up scene was astir with activity yesterday as two companies a locally-based venture capital (VC) firm and a home-grown trade tech start-up separately announced major funding news. Rakuten Ventures, the VC arm of Japanese
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    • Article, Illustration
      Lock icon Lubrication oil dialysis firm Tengah Greentech unveils expansion plans
      416 12  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT TENGAH Greentech was set up barely a month ago, but the firm, which provides a rather revolutionary service lubrication oil dialysis –is already planning its move into neighbouring countries. The technology and equipment are imported from
      PHOTO: ARTHUR LEE  -  416 words
    • Article, Illustration
      Lock icon SLA board to have new chairman, 2 members from Aug
      320 12  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT LIM Sim Seng, group executive and Singapore country head of DBS, has been appointed the new chairman of the board of the Singapore Land Authority (SLA) for a two-year term starting Aug 1. Mr Lim
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    • Article
      Lock icon PUB to build new water pipeline to city area
      317 12  -  By JACQUELYN CHEOK By jaccheok@sph.com.sg @JacCheokBT PUB, the Republic’s national water agency, yesterday said that it will build a new trunk water pipeline from the Murnane Service Reservoir located near the Bukit Timah Expressway and the Pan Island Expressway to the
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    • Article
      Lock icon Singapore ahead of HK in property transparency
      444 12  -  BY ANGELA TAN ange|at@sph.com.sg SINGAPORE has inched ahead of Hong Kong once again since 2010 in a close race for the top transparency position in Asia, according to JLL’s eighth Global Real Estate Transparency Index. Singapore has been ranked 13th and Hong Kong
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  • SME Inc
    • Article, Illustration
      Lock icon Eyeing the surveillance systems market
      1019 13  -  With vehicle screening devices showing results, TeleRadio has set its sights on people screening products, reportsRAPHAEL RAPHAEL LIM raphlim@sph.com.sg VENTURING overseas to grow its business is one of the goals that engineering firm, TeleRadio, has. The company, which manufactures vehicular screening devices such as X-ray
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    • Article, Illustration
      Lock icon Superstition and financial decision making
      822 13  -  Investments based purely on superstitious belief on average do not generate good results VIEW FROM AN NTU PROFESSOR By JIAN MING The writer conducts research at NTU’s Nanyang Business School on financial reporting, corporate finance and governance in emerging markets, especially China RICH body of
      822 words
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      61 13 Regus 15 prestigious business addresses across Singapore Quick and easy to set up Flexible terms to suit all businesses Personalised call answering in your company name Unlimited access to business lounges and cafes Singapore i Orchard Tampines Junction Suntec City Call us now and enjoy 1 month FREE on a
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  • MALAYSIA
    • Article, Illustration
      Lock icon MAS warned of dangers posed by union action
      640 14  -  Standoff will only hasten airline’s downfall: former transport minister By S JAYASANKARAN in Kuala Lumpur A FORMER Malaysian transport minister has warned that a standoff between Malaysia Airlines (MAS) and its unions will only hasten the airline’s downfall. Ong Tee Keat, who
      PHOTO: REUTERS  -  640 words
    • Article
      Lock icon Major changes seen for Malaysia’s Forest City project
      430 14 Amendments aim to cushion impact on the environment [JOHOR BARU] Several major amendments to the original plan for the controversial Forest City project along the Johor Straits are expected as pressure mounts from environmental non-governmental organisations and concerns from Singapore. The changes
      430 words
    • Article, Illustration
      Lock icon M’sia’s bull market running out of steam
      559 14 Bloomberg [KUALA LUMPUR] The world’s longest-running equity rally is losing steam. Malaysia’s benchmark stock index, one of the first to begin rebounding from the global financial crisis, is headed for its smallest first-half return since 2008. The FTSE Bursa Malaysia KLCI Index has
      Bloomberg; PHOTO: BLOOMBERG  -  559 words
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  • GOVERNANCE: YOUR STRATEGIC EDGE
    • Article, Illustration
      Lock icon Striving for full disclosure
      1302 15  -  Despite an increasing focus on corporate governance in recent years, many listed companies here still fall short of best practices. FRANCIS KAN reports KANreports FRANCIS KANreports This is the first in a four-part thought leadership series brought to you by CPA Australia, in conjunction with this
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    • Article
      Lock icon Key priorities for boards
      341 15 NEO Sing Hwee, advisory partner at EY in Singapore, believes that it is important for boards and companies to focus on the following areas and understand how the existing governance, control and risk management process and structure have incorporated these key areas: NIntegrating risk management into
      341 words
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      75 15 BE HEARD. BE RECOGNISED. At CPA Australia, we understand that knowledge, ideas and insights are the world’s greatest currency. That’s why we teach not only accounting, but the skills necessary to help you stand out Leadership, Strategy and Business. Celebrating 60 Years in Singapore. While we celebrate our history, our
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon Modi takes small steps on the rough road to labour reforms
      833 16 Enlarging minimum wage rule, women on night shifts, more overtime proposed Reuters [NEW DELHI] Prime Minister Narendra Modi has set in motion the first major revamp in decades of India’s archaic labour laws, part of a plan to revive
      Reuters; PHOTO: REUTERS  -  833 words
    • Article
      Lock icon China takes big chunk of banks’ global earnings
      408 16 Last year’s record US$292b profit 23% more than in 2012 Reuters [LONDON] China’s top banks accounted for almost one-third of a record US$920 billion of profits made by the world’s top 1,000 banks last year, showing their rise in power since the
      Reuters  -  408 words
    • Article
      Lock icon China local govts seeking investments
      333 16 Reuters [BEIJING] Seven Chinese regional governments are seeking at least 1.5 trillion yuan (S$301.75 billion) worth of state and private investment to bolster growth in the world’s sec-ond-largest economy, local media said yesterday. Governments in the provinces of Guangdong, Gansu, Jiangxi, Shaanxi and Henan as
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      800 16 The Business Times Ik I f 1 1 Toll free 1800-289-8822 I I I m Email noticesgSsph.com.sg J I I j ij www.sphclass.com.sg/notices V sinostar pec holdings limited 7-4- nn Company Registration Number *****9833N W m h VL fx M n HE 2S o] „i n ui- r r■ SINOSTAR
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      21 16 www.omy.sg 0 Buzz _Talk T* T m m Va 0 0 0;e> news.omy.sg Download omy Apps omy News iOSAppStore Google Play
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      43 16 HOT PROPERTY f immi i 30 f°mm2.xo/otogi sS’»““« p a|SSi; 60 years. Excise, U te FACTORY SPACE IN TUAS FOR SALE Check this and many other properties in The Straits Times Classified now! THE STRAITS TIMES CLASSIFIED BUY IT SELL IT FIND IT
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      1780 17 SINGAPORE AIRLINES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0078R NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Forty-Second Annual General Meeting of Singapore Airlines Limited (“the Company”) will be held at Orchard Grand Ballroom, Level 3, Orchard Hotel Singapore, 442 Orchard Road, Singapore
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      2766 17 THE BUSINESS TIMES NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices SINGAPORE AIRLINES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0078R NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that an Extraordinary General Meeting of Singapore Airlines Limited (the “Company”) will be held at Orchard Grand Ballroom,
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  • WORLD
    • Article, Illustration
      Lock icon US begins offshore assets crackdown, fines for banks
      1065 18 Govt today starts imposing penalties on banks that don’t share data with IRS Bloomberg [WASHINGTON] The US Internal Revenue Service (IRS) is about to get an unprecedented look at bank accounts and investments US citizens hold abroad, through a law that is
      Bloomberg; PHOTO: BLOOMBERG  -  1,065 words
    • Article
      Lock icon Germany to go all out to keep UK in EU: Schaeuble
      249 18 Reuters [LONDON] Germany will do everything it can to keep Britain inside the EU, German Finance Minister Wolfgang Schaeuble said after Britain’s failed bid to stop the nomination of Jean-Claude Juncker for the EU’s top job nudged it closer
      Reuters  -  249 words
    • Article
      Lock icon Online equity trading comes alive in US
      833 18 Rising stocks and low volatility lure individuals to trade Bloomberg [NEW YORK] With US stocks stuck in the sleepiest funk since the dawn of the Internet, one group is waking up: online and discount brokers. E*Trade Financial Corp, Charles Schwab Corp and TD
      Bloomberg  -  833 words
    • Article
      Lock icon Japan’s industrial output up, signalling economic rebound
      338 18 Reuters [TOKYO] Japan’s factory output rose in May after companies cut production in April to offset the impact of a national sales tax hike, underscoring views that the economy will absorb the increase largely unscathed. The 0.5 per cent month-on-month rise compared with
      Reuters  -  338 words
    • Article
      Lock icon Mid-East funds turn cautious on equities
      624 18 Reuters [DUBAI] Middle East funds have become more cautious about investing in equities after sharp pull-backs in some markets underlined how high valuations had left them vulnerable, a monthly Reuters survey showed. The latest survey of 15 leading investment managers, conducted over the past
      Reuters  -  624 words
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      Lock icon Rivals spend more on trade subsidies: US
      1031 19 Closing Ex-Im bank will cut exports and cause job losses, says White House Bloomberg [WASHINGTON] South Korea topped the US on gov-ernment-backed export credit last year with an economy one-fourteenth as large. Germany helps Airbus Group compete against Boeing Co with loan guarantees.
      Bloomberg; PHOTO: BLOOMBERG  -  1,031 words
    • Article
      Lock icon US to rope in firms in anti-hacking effort
      877 19 Proposed bill will legalise sharing of network activity Bloomberg [WASHINGTON] US lawmakers are fast-tracking a measure that would legally protect companies that tell the National Cybersecurity and Communications Integration Center and each other about malicious activities on their networks. The legislation is
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    • Article, Illustration
      Lock icon No perfect way to protect data: NSA chief
      767 19 NYT [FORT MEADE, Maryland] The newly installed director of the National Security Agency (NSA) says that while he has seen some terrorist groups alter their communications to avoid surveillance techniques revealed by Edward Snowden, the damage done overall by a year of
      NYT  -  767 words
    • Article
      Lock icon BOT signals recession can be avoided this quarter
      295 20 Reuters [BANGKOK] Thailand’s central bank signalled yesterday that South-east Asia’s second-largest economy would avoid recession this quarter and said manufacturing and consumption “started to show signs of recovery” in May. The Bank of Thailand (BOT) issued its assessment while releasing a set
      Reuters  -  295 words
    • Article, Illustration
      Lock icon Dark pools unavoidable, says US professor
      667 20 Lack of transparency makes it impossible to know if investors are treated fairly Bloomberg [NEW YORK] While money managers don’t always like what happens in the US$23 trillion US stock market, they’re too fond of dark pools to let them go extinct, according to
      Bloomberg; PHOTO: BLOOMBERG  -  667 words
    • Article
      Lock icon Thai junta begins overhaul of electoral system
      407 20 Reu ters [BANGKOK] Thailand’s military government said yesterday that it had begun an overhaul of the electoral system following an announcement by junta leader General Prayuth Chan-ocha that polls could take place by late next year. The military took power on May 22
      Reuters  -  407 words
    • Article, Illustration
      Lock icon BlackRock losing market share to Vanguard
      768 20 Reuters [NEW YORK] Even as BlackRock Inc is set to amass US$1 trillion in exchangetraded fund assets in its iShares business, US retail investors increasingly prefer to send their money to low-cost leader Vanguard Group, highlighting a weak spot for the world’s biggest money
      Reuters; PHOTO: BLOOMBERG  -  768 words
    • Article
      Lock icon EU takes Russia to WTO to challenge Moscow’s pork ban
      408 20 Reuters [BRUSSELS] The European Union (EU) is taking Russia to the World Trade Organization (WTO) to try to overturn a ban on pork exports from the bloc, escalating a dispute that has been aggravated by the crisis in Ukraine. The
      Reuters  -  408 words
    • Article, Illustration
      Lock icon Pending home sales surge in May, highest in four years
      466 21 Broad-based recovery held back by higher prices, limited income gains LATEST US DATA Bloomberg [WASHINGTON] The number of contracts to purchase previously owned homes jumped in May by the most in more than four years, a sign the residen-tial-real estate
      Bloomberg; PHOTO: AFP  -  466 words
    • Article
      Lock icon ECB to wait for June measures to bite as inflation stays low
      568 21 Reu ters [BRUSSELS] Eurozone inflation remained stuck at levels last seen during the 2009 recession and lending to companies and households contracted again, data showed yesterday, further highlighting the bloc’s feeble economic state. The reports for June and
      Reuters  -  568 words
    • Article
      Lock icon BNP Paribas to pay record fine of US$8.9b
      487 21 It is to avoid being tried for deals with blacklisted countries AFP [NEW YORK] French bank BNP Paribas has agreed to pay US authorities a US$8.9 billion fine to avoid being tried in court for dealing with US-blacklisted countries, sources close to
      AFP  -  487 words
    • Article
      Lock icon EU okays state aid for Bulgarian banks
      201 21 Bloomberg [SOFIA] The European Union gave Bulgaria authority to provide 3.3 billion levs (S$2.9 billion) in state aid for lenders after police there arrested men they said triggered a run on deposits of the third-largest bank. Small queues formed yesterday outside some Sofia
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    • Article
      Lock icon Abe govt set to change Constitution
      505 21  -  Cabinet nod for the move likely today despite opposition By ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Shinzo Abe’s government is in the final stages of talks to obtain Cabinet approval for reinterpreting the nation’s pacifist Constitution, allowing Japan to exercise the right to
      505 words
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      206 18 IN THE MATTER OF HOE HUP SENG HUAT HOLDING PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****5617H) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Cap. 50), that a Final General Meeting of the abovementioned Company will be held at 6 Shenton Way, #32-01
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      1323 19 IN THE MATTER OF THE COMPANIES ACT (CAP 50) AND IN THE MATTER OF SUPREME RADIANCE PTE. LTD. Company Regn No: *****7482W At an Extraordinary General Meeting of the Company held at the Registered office at 15 Pandan Road Singapore *****3, on 27th June 2014, the following Resolutions were duly
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      25 20 JULY ISSUE OUT NOW! Breakfast with >>> AUGUST 2, 2014 (SATURDAY) If you have yet to experience Kia, now’s the time. SIGN UP NOW AT WWW.TORQUE.COM.SG/EVENTS
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      114 21 10th BIRTHDAY BASH Celebrate Shape magazine’s 10th anniversary at our first-ever beach party! Shimmy into perfect shape with fun and energetic Zumba and Bellyblitz dance workouts from Amore Fitness. SIGNUPNOW! DATE July 11 (Friday) TIME 7-11pm VENUE Wave House Sentosa (36, Siloso Beach Walk) EARLY-BIRD RATE $29 per person(UP $39)
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  • EDITORIAL & OPINION
    • Article
      Lock icon Why equities remain the flavour of the day
      538 22 EDITORIAL AS markets enter the third quarter of 2014, they remain unusually calm. Volatility, as measured by the Chicago Board Options Exchange Volatility Index, is near record lows. Some market watchers worry about inflation in the United States, which they fear will
      538 words
    • Article, Illustration
      Lock icon Debate continues on relevance of business cycles
      787 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group AS a tool for analysing and influencing the economy, is the business cycle outdated? Yes, says the Bank for International Settlements (BIS) in Basel, Switzerland. Unless you’re deep into today’s economic debates, you’ve
      The Washington Post Writers Group  -  787 words
    • Article, Illustration
      Lock icon The elusiveness of service innovation
      1247 22  -  A ‘new’ form of customer experience would cause a significant change in consumer habits By BALA SHANKAR The writer is an adjunct professor at SMU and director of NPS International School THE last big innovation for banking customers is perhaps the ATM (automated teller machines
      PHOTO: BLOOMBERG  -  1,247 words
    • Article, Illustration
      Lock icon US in no-win situation in Mid-East
      1200 23  -  Despite trying to juggle conflicting interests, the Americans could end up with a new Middle Eastern war on their hands LEON HADAR Washington Correspondent THE Fox News cable television channel is regarded for all practical purposes as the prime conservative media outlet and the
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      Lock icon Time for EU to focus on reform
      672 23  -  REUTERS BREAKINGVIEWS By PIERRE BRIANCON JEAN-CLAUDE Juncker must know that he will owe much of his nomination as next European Commission president to David Cameron. Without the British prime minister’s stubborn fixation on denying the former Luxembourg prime minister the job, the Juncker
      PHOTOS: REUTERS, AFP  -  672 words
    • Article
      Lock icon The Middle East still dominates oil supply
      637 23  -  By NICK CUNNINGHAM MUCH has been made about the role that hydraulic fract ur i n g or fracking has played in revolutionising the energy landscape, unlocking vast new reserves of oil trapped in shale rock. This “tight oil” is pouring into the
      637 words
    • Article
      Lock icon Senoko clarifies tariff discounts for SMEs
      137 23 LETTER TO THE EDITOR THANK you for your write-up “Senoko Energy Supply rolls out two power tariff plans for SMEs” (BT, June 26). Although it is stated that “consumers can enjoy enhanced discounts of 20 per cent off the regulated electricity tariff rate for
      137 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Big-belly Boeings blunt cargo-jet demand
      1121 24 Freighter sales stall as carriers shift lessurgent deliveries to jetliners’ cargo holds Bloomberg [CHICAGO] The world’s biggest maker of air freighters is finding its most formidable competitors to be the huge bellies of its own passenger planes. Sales of Boeing Co’s 777 and 747-8 cargo
      Bloomberg; PHOTO: BLOOMBERG  -  1,121 words
    • Article
      Lock icon Airbus, Jeddah bank launch Islamic aircraft leasing fund
      438 24 Reuters [LONDON] Airbus Group and the Jeddah-based Islamic Development Bank (IDB) are seeding a syari-ah-compliant aircraft leasing fund to cater to growing demand for commercial financing from airlines in the Middle East, Asia and Africa. The fund, which will exclusively finance Airbus
      Reuters  -  438 words
    • Article
      Lock icon TRANSPORT STOCKS
      242 24 SGX '000 Jun 30 S$ +/-Vol Ch Offshore 0.46 unch 291 Chuan Hup Hldg 0.28 -0.01 61 Jun 30 Cwt Limited................1.75 unch 588 Ezra Hldgs 1.11 0.02 3260 First Ship Lea 0.09 unch 78 Grand Banks 0.26 0.01 130 Jaya Hold Ltd K1Ventures Chuan Hup Hldg Keppel Corp
      242 words
    • Article
      Lock icon Libya’s biggest oil port may reopen in Aug
      425 24 Rebels see deal on 2 terminals when new Parliament meets Bloomberg [DUBAI] Libya’s largest oilexport terminal, the port of Es Sider, may reopen in August after the North African nation’s new Parliament takes office, said a spokesman for the rebel group that
      Bloomberg  -  425 words
    • Article
      Lock icon Alpha Bank to securitise 1b euros of loans: sources
      277 24 Reu ters [ATHENS] Greece’s Alpha Bank plans to securitise about one billion euros (S$1.7 billion) of shipping loans this summer in one of the first European as-set-backed deals in this industry for years, a banker with Alpha Bank and another finance
      Reuters  -  277 words
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      26 24 IDA to collaborate with Heilongjiang's Mudanjiang city to establish a "smart" logistics industry pilot zone industry pilot zone To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      26 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      316 24 CRYPTIC CROSSWORD Across 7 Adult favouring wearing long apron (8) 9 Definitely in a bad way on express (3,3) 10 Female collecting round Oxford, perhaps (4) 11 One poem (abridged) penned by one of the Mitfords in Cambridge? (10) 12 ‘Sweet’ clued badly by third of setters (6) 14 Gang
      316 words
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  • Article
    Lock icon SHIPPING TIMES
    1227 25 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
    1,227 words
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      81 25 Experienced ship maintenance findyou y r I services services wanted, here mthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I IIL UUJIHLJJ I IIVILJ Shipping Times Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4141 26 Transaction date: Jun 30 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.3 10.4 8Telecom Vol Day Last Quote --AAT Net M Cap High 163.3 130.4 AIMSAMP Cap Reit 144 -0.5 1501
      4,141 words
    • Article
      Lock icon SGX CATALIST
      425 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32 23 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer
      425 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10511 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** undcl A! Aberdeen Asset Mgt Asia Limited 1.58/ EM Local Ccy Bond Aberdeen Asset Mat Asia Limited Global Emerging Markets!** er 1.0012/ Asian Loca SD Bond 0.9859/ 2.0377/ China Opportunities USD!** 2 8789/ EM Local
      10,511 words
    • Article
      Lock icon GLOBALQUOTE
      236 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last Vol 343 215 TanChongInt HK332 -3 81 332 331 332 333 9.7 3.2 3.3 6686.1 DISCLAIMER: All information is published “as is” without warranty of any
      236 words
    • Article
      Lock icon SGX ETF
      1134 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF 115.1 2 115.1 115.1 115 115.2 525.4 135.5 119 CIMB APAC Div 100S$D 131.6 -0.9 130.4 133 108.9 94 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      647 28 Jun 30 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.45 *****.87 *****.34 Sep14 *****.00 *****.00 *****.00 *****.00 *****1 *****2 Dec14 *****.00 11 ***** MSCI TAIWAN INDEX FUTURES SPOT 334.74 337.36 334.08 Jul14 328.50 332.60 327.60 332.40 ***** *****1 Aug14 325.20 329.70 325.20 329.80
      647 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Jun 27 Index Change Change Change Change Change Change World Preliminary 1233.4 0.0 4.1 0.0 3.6 0.1 4.7 EAFE Preliminary 969.2 -0.1 1.3 0.1 1.6 0.1 2.6 Europe Preliminary 1395.6 0.1 3.0
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 28 Jun 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.005 5.832 0.689 7.288 56.471 111.232 0.953 9.515 3.019 1.076 92.803 41.042 1.174 9.976 0.837 28.082 30.511 0.552 0.940 Canada 0.995 5.805
      471 words
    • Article
      Lock icon SIBOR
      39 28 Jun 30 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths 6 mths Source: Thomson Reuters
      39 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Jun 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.204 1.147 Can dollar 1.192 1.147 Euro 1.744 1.661 Sterling pound 2.167 2.084 NZ dollar 1.122 1.079 US dollar 1.274 1.214 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 28 Jun 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1735 1.1742 0.9400 0.9405 Canadian dollar 1.1681 1.1689 0.9362 0.9357 Euro 1.7041 1.7045 1.3650 1.3652 NZ dollar 1.0904 1.0911 0.8734 0.8739 Sterling pound 2.1253 2.1258 1.7024 1.7027
      155 words
    • Article
      Lock icon INTERBANK RATES
      157 28 Jun 30 $S Offer Bid 0vernight 0.05 0.01 1-month 0.25 0.20 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.10 US$ 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
      157 words
    • Article
      Lock icon CHICAGO BOT
      109 28 Jun 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1432.00 1437.00 1440.75 1425.75 Aug 14 1378.00 1381.75 1392.25 1374.75 Sep 14 1266.00 1279.75 1283.00 1261.00 Nov 14 1228.00 1244.25 1245.00 1221.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
      109 words
    • Article
      Lock icon LIFFE
      95 28 Jun 27 COCOA (£/tonne) Close Prev High Low Jul 14 1988 1942 1990 1942 Sep 14 1958 1909 1959 1910 Dec 14 1937 1893 1939 1894 Mar 15 1927 1886 1929 1889 COFFEE(US$/tonne) Close Prev High Low Jul 14 2026 2008 2060 2007 Sep 14 2034 2027 2069 2026
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1045 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 17 0.3 1 15 1.03 49 Asia-Pacific Strategic W*****6 Ratio Exer Price Asiatic Grp(Hldgs) Ltd W*****5 Disc Asiatravel.com HoldingsW*****7 6.2 -1 17 1 25 1 Asiatravel.com HoldingsW*****5 15.8
      1,045 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Jun 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.30 -0.10 WTI (Near Mth) 105.69 0.07 Dubai (1-Mth F) 109.24 -0.56 Tapis blend 116.05 -0.16 Minas 111.65 -0.16 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.81 0.42 Jet Kerosene 122.80 -0.33 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Jun 30 S$ Bid Offer 1-month 1.2484 1.2485 2-months 1.2484 1.2485 3-months 1.2483 1.2485 6-months 1.2482 1.2483 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 28 Jun-27 Jun-27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1849.75 1862.25 3 months 1885.00 1897.00 Copper, Grade A(US$/tonne) Cash 6976.00 6986.50 3 months 6945.00 6955.00 Lead(US$/tonne) Cash 2136.00 2145.75 3 months 2161.00 2174.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      82 28 Jun 30 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.125 01-Apr-16 101.28 101.34 101.33 5-Year NX*****W 2.5 01-Jun-19 106.23 10-Year NX*****H 2.750 01-Jul-23 103.47 103.55
      82 words
    • Article
      Lock icon PRECIOUS METALS
      124 28 Jun 30 GOLD(US$/oz) Jun 30 Jun 27 Hong Kong 1313.00 1320.00 Jun 27 Jun 26 London 1319.09 1313.50 1319.69 1314.85 Source: Thomson Reuters CAST BAR Jun 30 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 315 261 10gm 588 524
      124 words
    • Article
      Lock icon PALM OIL
      59 28 Jun 30 Jun 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2470.0 2448.0 2470.0 2445.0 139 1617 Aug 14 2448.0 2440.0 2456.0 2439.0 1848 ***** Sep 14 2432.0 2426.0 2441.0 2421.0 ***** ***** Oct 14
      59 words
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  • PROPERTY
    • Article, Illustration
      Lock icon China cracks down on illegal golf courses
      999 29 It orders demolition of at least 5 courses built after a 2004 ban was imposed Reuters [HONG KONG] All that remains of the long fairways and manicured greens at the 18-hole golf course on the outskirts of Beijing are bits of rubble and
      Reuters; PHOTO: REUTERS  -  999 words
    • Article
      Lock icon Immigrants boosting US housing sales
      1028 29 Fall in newcomers has been a drag on real estate recovery Bloomberg [BOSTON] After decades of factory shutdowns and population loss, the city of Dayton, Ohio, has found a fix for its housing market hard-hit by foreclosures immigration. The rust-belt city of 140,000 has been
      Bloomberg  -  1,028 words
    • Article, Illustration
      Lock icon NUS price index for private homes up 0.8% in May
      754 30  -  Increase marks first gain for Overall SRPI after 9 consecutive months of declines By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT NATIONAL University of Singapore’s (NUS) price indices for completed nonlanded private homes rose month on month in May, after straight declines for
      Source: Savills Singapore Research, URA Realis caveats data  -  754 words
    • Article
      Lock icon Record high foreigners buying Australian homes
      355 30 Bloomberg [SYDNEY] Australia approved a record A$24.9 billion (S$29.2 billion) of home purchases by foreign buyers in the nine months to March 31, a 93 per cent jump from the same period a year earlier, UBS AG said. Overseas investment in housing in Australia
      Bloomberg  -  355 words
    • Article
      Lock icon Robust demand for office space in Q2
      590 30  -  Highest occupancy rate of 99.4% is in Shenton Way By SHEENA TAN tsheena@sph.com.sg Full research report available on BTInvest at www.btinvest.com.sg/prop erty/ SINGAPORE’S office property market saw stronger demand in the second quarter this year, according to property consultant Colliers International, which pointed
      590 words
    • Article
      Lock icon 0.5ha Tuas industrial site triggered for sale
      345 30  -  Committed bid price not less than $3,527,300 By MINDY TAN tanmindy@sph.com.sg @MindyTanBT A 0.5 hectare industrial land parcel at Tuas South Street 7 has been triggered from the reserve list with an application of a committed bid price of not less than $3,527,300.
      345 words
    • Article, Illustration
      Lock icon Ikea opens first city-centre store in Hamburg
      800 30 Bloomberg [HAMBURG] Ikea became the world’s biggest homefurnishings retailer by getting shoppers to drive to sprawling hyper-centres on the outskirts of cities from Stockholm to Shanghai. From today, residents in Hamburg can just walk in off the high street. The Swedish chain opened
      Bloomberg; PHOTO: AFP  -  800 words
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      138 29 HOLLAND ROAD SHOPPING CENTRE 5^!=r=T= sr Contact: Investment Properties Sammi Lim (CEARegNo.iRooaaggj) Tel: 9368 9803 6224 8181 6 Battery Road #32-01 Singapore *****9 Ground Floor Strata Retail Units Fronting Main Road Freehold Strata Area: Approx. 12,260 sq ft (7 strata titles) Commands approx. 25% Share Value in MCST Next to
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      237 29 ASC ADI A PENTHOUSE FREEHOLD FOREIGNERS ELIGIBLE Enjoy the lovely sunset in your private roof garden Size from 1744 4532 sqft 2/3/4 bedroom Penthouses from $1.9xm 5 mins' walk to future King Albert Park MRT (ready in 2015) Within 2 km to Elite schools in Bukit Timah Other typical 2/3/4
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      71 29 CO-BROKEWELCOME! PRUDENTIAL TOWER Prime CBD Office Rarely Available! Landmark 30-storey office building Grade-A quality specification Approx. 150m to Raffles Place and Telok Ayer MRT Covered car drop off point Renovated double-storey height lobby Regular layout and column-free floor plate Excellent car-parking provisions with 181 lots Single Unit Approx. 5,102 sq
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