The Business Times, 14 August 2014

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33221
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Thursday, August 14, 2014G
    25 words
  • Article
    Lock icon H1 subsales come after long holding periods
    1067 1  -  Ngee Ann Poly study suggests seller’s stamp duty effective in curbing speculation By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] Most subsales of private apartments and condos in the first half of this year involved relatively long holding periods, according to a study by Ngee
    1,067 words
  • Article
    Lock icon Japan’s Q2 GDP shrinks 6.8% after tax hike
    844 1  -  Govt officials insist recovery is on track and expect a turnaround in Q3 By ANTHONY ROWLEY in Tokyo JAPAN’S economic recovery was thrown sharply into reverse in the second quarter of this year, as private consumption slumped in the wake of April’s
    844 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,301.41 (-1.98) GST INDEX FUTURES 3,286.00 (+4.00) HSIMSCI 376.84 (-0.05) GSIMSCI FUTURES 376.50 (+1.80) US$ S$ US$ (S$ per US$) 1.251 (US$/S$ per 1.682 2.104 EURO (US$/S$/€ 1.335 1.670 Foreign currency per US$ S$ YEN 102.50 81.90 RM 3.194 2.553 HK$ 7.751 6.197 BAHT 32.02 25.60 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      49 1 Wednesday Change KL COMP 1,858.04 +7.65 NIKKEI 225 15,213.60 +52.32 HANG SENG 24,890.30 +200.93 SET INDEX 1,544.55 +24.24 JAKARTA COMP 5,168.27 +35.87 MANILA COMP 6,986.24 +2.75 SEOUL COMP 2,062.36 +20.89 SHENZHEN B 944.91 +2.75 MUMBAI IND 25,918.90 +38.18 12 noon EDT Change DOW 16,653.98 +93.44 NASDAQ 4,428.40 +39.15
      49 words
    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.35 MALAYSIA 6.55 TAIWAN 5.00 INDONESIA 14.844 TAIWAN 5.036 CANADA 1.475 KOREA 9.33 Source: Bloomberg
      18 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      175 1 HOCK LOCK SIEW Sloppy disclosures byXpress Holdings PAGE 7 PROPERTY Office rentals post strong gains in Q2 PAGE 28 EMERGING ENTERPRISES Young firm Numoni is in it for long haul PAGE 10 OPINION Tax changes will need to be a fine balancing act PAGE 18 8 !l 8 ***** 11
      175 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      484 2 Subsales in H1 mostly held for long periods THE vast majority of subsales secondary-market transactions in uncompleted projects of private apartments and condos in the first half of this year entailed relatively long holding periods, shows a recent study. FRONT PAGE Japan’s Q2 GDP shrank 6.8% after tax
      484 words
    • Article, Illustration
      Lock icon Offshore yuan usage stays on growth path
      671 2  -  18% of China’s total trade settled in the currency last year, up from 3% in 2010 By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] Yuan usage internationally continues to rise rapidly but it is still small relative to China’s status as the world’s top
      671 words
    • Article
      Lock icon Lending in China falls to its lowest since 2008
      473 2 But central bank says lending still in ‘reasonable range’ NYT [HONG KONG] Chinese lending unexpectedly and dramatically slowed in July to the lowest level since the depths of the global financial crisis, with a weak property market appearing to drive down
      NYT  -  473 words
    • Article
      Lock icon Candy Crush’s King buys S’pore firm for up to US$100m
      381 2  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT [SINGAPORE] A three-year old Singapore gaming startup has just been snagged by the creator of popular mobile game Candy Crush Saga, King, for up to US$100 million, in what is believed to be the first
      381 words
    • Article
      Lock icon Manulife: 4 in 5 feel CPF funds won’t be enough for retirement
      380 2  -  60% in its survey want flexibility in withdrawal rules By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT [SINGAPORE] Four in five Singaporeans are worried funds in their Central Provident Fund (CPF) retirement account will not be enough to meet their retirement
      380 words
    • Article
      Lock icon Most profitable CCR subsale in H1 yields S$3m gain
      1275 4  -  Subdued market seen as an attractive hunting ground for first-time buyers By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] The most profitable subsale transaction in the first half of this year in the Core Central Region (CCR) yielded a gain of about S$3
      1,275 words
    • Article, Illustration
      Lock icon Almost half of India billionaires’ wealth held by 5 tycoons
      543 4  -  By AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT [SINGAPORE] As India gets ready to celebrate its 68th Independence day on August 15, a list of the super wealthy in the country shows that despite the gloom about the economy, entrepreneurialism is still
      543 words
    • Article
      Lock icon Roadshow on new bus model ends next week
      448 4  -  Foreign and local operators step up plans to enter bus market here By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT [SINGAPORE] The Land Transport Authority will very soon complete a key preliminary step for Singapore’s new bus contracting model when its three-week long roadshow to
      448 words
    • Article, Illustration
      Lock icon Capitalising Xtron to fund Sun’s career ‘was Chew’s idea’
      400 4  -  By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT [SINGAPORE] The founder of the City Harvest Church yesterday testified that it was the church’s investment manager who mooted the idea of using church funds to capitalise Xtron Productions, so that the firm could help singer
      PHOTO: CHEW SENG KIM/ THE STRAITS TIMES  -  400 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      242 2 Experience The City Be Central i-; it s I-.' flVV 3 J JS T/Vr r "'W IV r «5b Promotional Rates Deluxe Room at The Gardens Hotel Residences RM395* (Breakfast and FREE Wifi). For reservations, call 03 2268 1111 or email resvnghr@StGiles-Hotels.com Superior Room at The Boulevard RM315* (Breakfast and
      242 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      179 3 TODAY WE CELEBRATE THE LOADING OUT OF OUR TOPSIDE TH 200 MODULE WITH A TOAST TO EXCELLENCE Since our inception in 1990, Dyna-Mac has established an exceptional track record in providing engineering, procurement and fabrication services for the offshore oil and gas industry. The timely and smooth loading out of
      179 words
Page thumbnail Page 4
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      418 5 > f r kf* *1 > w V. (P Ik V vv>, >. t > U.V I \N •;.«t V £j ◄t' >• %ic ■:a I K N i s M < -r v'X 5^ ’•-jr-— v X i: •'v y %N> V V ..X I m ,V X —v
      418 words
Page thumbnail Page 6
  • COMPANY NEWS
    • Article
      Lock icon ST Engineering’s Q2 profit falls 10% to S$133m
      381 6  -  Pre-tax earnings of group’s aerospace sector drop 9 per cent By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SINGAPORE Technologies Engineering (ST Engineering) reported a 10 per cent year-on-year slide in its sec-ond-quarter net profit to S$133.16 million as revenue dipped slightly and costs edged
      381 words
    • Article
      Lock icon Haw Par ointments soothe Q2 earnings
      396 6  -  By KENNETH LIM kenlim@sph.com.sg @KennethLimBT HAW Par Corp’s ointments do not just soothe sore muscles, they also keep a company growing, even when its aquarium attractions are hurting. The maker of Tiger Balm muscle rubs posted a 10.2 per cent increase in its second-quarter
      396 words
    • Article
      Lock icon Distribution for Q1 falls at Ascendas Hospitality Trust
      372 6  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT AN enlarged post-placement stapled security base and the continued unwinding of cross-currency swaps for its Australia portfolio chipped away at Ascendas Hospitality Trust’s distribution for the first quarter. The Reit yesterday posted a distribution per stapled security
      372 words
    • Article, Illustration
      Lock icon Petra Foods posts US$12.37m Q2 profit
      441 6  -  Excluding results of discontinued operations, earnings stand at US$13.2m By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT PETRA Foods, which completed the divestment of its cocoa ingredients division in June last year, yesterday posted a second-quarter net profit of US$12.37 million from continuing and discontinued operations, against
      PHOTO: ARTHUR LEE  -  441 words
    • Article
      Lock icon United Envirotech’s Q1 profit surges to S$22.5m
      260 6  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT UNITED Envirotech’s net profit for the first quarter ended June rose from S$5.7 million to S$22.5 million, as the water treatment plant’s revenue rose 50.5 per cent, from S$44.1 million to S$66.3 million The increase was mainly due
      260 words
    • Article
      Lock icon Swiber bottom line more than doubles
      352 6  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT OFFSHORE oil and gas industry services provider Swiber Holdings saw its net profit for the second quarter more than double to US$10.11 million from US$4.16 million, while revenue slipped 9.4 per cent to US$219.33 million. The lower revenue this
      352 words
    • Article
      Lock icon Tardy disclosures by Xpress Holdings
      712 7  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg @RSivanithyBT IN a letter to BT published on July 25, corporate governance expert Mak Yuen Teen raised important questions about the disclosures by printing firm Xpress Holdings. Xpress was queried by the Singapore Exchange (SGX) on July 1
      712 words
    • Article
      Lock icon Fair-value boost for Koh Brothers’ Q2
      244 7  -  Earnings up 138%; higher margins in real estate business By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT CONSTRUCTION group Koh Brothers reported a 138 per cent year-on-year surge in net profit to S$11.53 million for the second quarter ended June 30, 2014. Sales rose 7 per cent
      244 words
    • Article, Illustration
      Lock icon AsiaPhos shares up on mine permit extension
      405 7  -  By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT PHOSPHATE miner AsiaPhos has had a crucial mine exploration rights extended, sending its shares up to an intra-day high of 16.4 Singapore cents yesterday before closing at 16 cents. This was up 0.5 cent, or 3.2 per cent,
      PHOTO: ARTHUR LEE  -  405 words
    • Article, Illustration
      Lock icon ComfortDelGro’s Q2 profit rises 9.9% to S$75.7m
      517 9  -  Broad-based growth with revenue crossing billion-dollar mark By SAMUEL EE samuelee@sph.com.sg NET profit at ComfortDelGro rose 9.9 per cent to S$75.7 million for the second quarter ended June 30, 2014, as group revenue grew 11.9 per cent to a record S$1.016 billion the
      PHOTO: BLOOMBERG  -  517 words
    • Article
      Lock icon Fall in ‘other gains’ hits Boustead’s Q1
      250 9  -  Adjusting for these would boost bottom line 29% By MINDY TAN tanmindy@sph.com.sg @MindyTanBT ENGINEERING group Boustead Singapore’s net profit for the first quarter ended June fell 9 per cent to S$16.1 million from S$17.7 million a year ago due to a fall in
      250 words
    • COMPANY BRIEFS
      • Article
        Lock icon Cosco yards secure contracts
        89 9 COSCO Corporation (Singapore) said yesterday that Cosco (Dalian) Shipyard has secured contracts worth more than US$470 million to build four subsea supply vessels. The contracts, which exclude owner-furnished equipment from Maersk Supply Service, a part of AP Moller-Maersk Group, come with options for two more vessels.
        89 words
      • Article
        Lock icon Global Logistic bags new lease agreements
        38 9 GLOBAL Logistic Properties has signed five new lease agreements totalling 90,000 square metres in multiple locations across China. Four of the new leases were signed with leading express delivery providers in China.
        38 words
    • Article
      Lock icon Results snapshot
      288 9 Reported on Aug 13, 2014 REVENUE (million) NET PROFIT (million) Y-O-Y PROFIT CHNG EPS DPS/ DPU LAST TRADED PRICE COMPANY REPORTING PERIOD First Resources Q2FY14 US$112.19 US$26.09 30.8 4.49 US¢ **1.25 S$2.06 Revenue eased 6.3 per cent downwards on the back of lower average selling prices, which was
      288 words
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      39 6 HOT PROPERTY 5SS- s Very hfgh'flf i Sf 2 Mr view. F/furn. Nice renoJmmed. APARTMENTS FOR RENT Check this and many other properties in The Straits Times Classified now! THE STRAITS TIMES CLASSIFIED BUY IT SELL IT FIND IT
      39 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      346 6 Ho Seng Foo, Senior Vice President, Retail Dealing, CIMB Securities Global Markets have enjoyed a good run this year until lately. The major indices, the Dow Jones Industrials and the S&P 500, broke to new highs in July. But since then have succumbed to a bout of selling on rising
      346 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      80 7 ICONS RARELY COME IN PAIRS. THE NEW BMW M3 SEDAN BMW M4 COUPE. The most dynamic and precise cars ever built bring you the perfect harmony between man, engine and road. Be one with the machine. For a test drive, call Munich Automobiles at 6899 6996 or visit munichauto.com.sg Munich
      80 words
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Low-volume, low volatility persist
      554 8  -  Market has already factored in Ukraine crisis and Wall Street’s tepid performance STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE subsiding of “geopolitical risk” this week may not really propel stocks upwards but instead, will result in markets settling back to the “low volume, no volatility” state
      Source: Bloomberg  -  554 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 13 VALUE CLOSE BT OB/OS -793.00 +168.00 BT CADI -*****.00 +14.00 BT 10-day MA -*****.00 -79.00 FTSE ST Mid Cap 767.11 +0.34 FTSE ST Small Cap 552.78 +2.08 FTSE ST All Share 802.44 -0.11 FTSE ST China Top 197.46 +0.81 FTSE ST China 226.53 +0.82 FTSE
      77 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 4 0 0 0 4 6 4 Manufacturing 47 49 41 6 7 12 53 56 53 Commerce 19 22 19 3 4 6 22 26 25 Tpt/Stor/Comms 14 14 14
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      852 8  -  Compiled by Jamie Lee CSE Global Aug 13 close: S$0.74 OCBC Investment Research, Aug 13 Q2 2014 core earnings below expectations: CSE Global reported a 6 per cent year-on-year (y-o-y) decline in its PATMI (Profit After Tax and Minority Interests) from continuing operations to S$8 million, despite a
      Source: Bloomberg  -  852 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,048 15,048 55,605 55,605 Manufacturing 287,651 119,110 406,761 114,347 7,826 122,173 Commerce 67,390 58,507 125,897 43,509 4,706 48,215 Tpt/Stor/Comms 104,098 1,813 105,911 112,716 229 112,945 Finance 14,240 227 14,467 125,169 58 125,227 Construction 20,553 102,003
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      124 8 Stock name Close Change Ascendas Reit 2.320 +0.010 CapitaLand 3.350 +0.030 CapitaMall Trust 1.970 +0.005 CityDev 10.050 +0.120 ComfortDelGro 2.560 -0.040 DBS Grp 17.780 -0.260 Genting Sing 1.270 -0.015 Global Logistic 2.750 +0.020 Golden Agri-Res 0.525 HPH Trust USD 0.690 +0.005 HongkongLand USD 6.840 +0.010 JMH
      124 words
    • Article, Illustration
      Lock icon Sterling falls on dovish Bank of England report
      608 8 CURRENCIES Reuters [LONDON] Sterling fell yesterday after a Bank of England report forecast subdued growth in wages in coming months, leading markets to push back until early next year expectations of when monetary policy will tighten. The euro also struggled after disappointing
      Reuters; PHOTO: BLOOMBERG  -  608 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 8 VOLUME APAC Strategic 211,730,000 Sing eDev W*****0 97,367,000 Singapore eDev 61,658,000 IHC 58,718,000 Weiye 56,437,000 Memstar Tech 49,015,000 Artivision Tech 48,866,000 Polaris 46,611,000 Charisma Energy 38,188,000 SIIC Environment 36,589,000 VALUE($) DBS Grp 66,646,305 SingTel 40,438,940 Keppel Corp 30,512,731 CapitaLand 27,720,410 UOB 24,909,750 Genting Sing 23,494,480 HPH Trust
      61 words
    • Article
      Lock icon RISES
      120 8 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 303.8 1.8 DBXT USDIGInfl 5US$ ***** 151.3 0.4 Lyxor AsiaCS 10US$ 6305 112.5 1.4 DBXT AUDCS 5US$ ***** 63.8 0.3 DBXT Nifty 10US$ ***** 63.8 0.4 DBXT AUDCS 5SG$ ***** 61.0 0.2 DBXT FTChina25 10US$ 3289 48.8 1.2 DBXT MSTaiwan 10US$
      120 words
    • Article
      Lock icon FALLS
      128 8 BY CENTS CLOSE DOWN DBXT iBoxxUSTr 5US$ ***** -63.8 -0.2 DBXT AUD Bonds 5AU$ ***** -49.9 -0.2 DBXT iBoxxKR 5US$ ***** -40.0 -0.2 GLD 10US$ ***** -30.0 -0.2 DBXT DBCBDJUBS 10US$ 2856 -26.3 -0.7 DBS Grp 1778 -26.0 -1.4 JMH 400 USD 5833 -23.8 -0.3 DBXT iBoxxSvEu 5US$ *****
      128 words
    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 8 DAILY
      4 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      186 9 INVEST IN THE WORLD'S HOTTEST PROPERTY MARKET* Dubai's rental growth surpassed London and Hong Kong in Q1 2014 66 The most transparent property market in the Middle East” Source: Jones Lang LaSalle Global Rea1 Estate Transparency Index (June 2014) 66 Real estate remained positive in Q2 with average sale prices
      186 words
Page thumbnail Page 10
  • SINGAPORE NEWS
    • Article
      Lock icon New-to-market jobs likely to fuel wage inflation
      344 10  -  Job advertisements in S’pore up 59% year-on-year in Q2: Robert Walters By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT MORE new-to-market jobs and opportunities are expected to drive wage inflation in Singapore, according to the latest Robert Walters Asia Job Index Q2 2014 report. The report
      344 words
    • Article, Illustration
      Lock icon Here’s how you could calculate your retirement nest egg
      455 10  -  By JAN LEE By janlee@sph.com.sg MINISTER for Social and Family Development Chan Chun Sing yesterday offered a formula for those trying to tot up the amount they have to set aside for retirement. The minister, a Member of Parliament (MP) for
      PHOTO: LIANHE ZAOBAO  -  455 words
    • Article, Illustration
      Lock icon Young firm Numoni is in it for long haul
      1004 10  -  Its kiosks offer people without access to banking, cash-in and cash-out services, reports JOYCE HOOI reportsJOYCE reportsJOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT NUMONI inhabits a space that few of this newspaper’s readers can even begin to imagine the world of people without bank
      PHOTO: ARTHUR LEE  -  1,004 words
    • Article
      Lock icon Susan Lim, husband head stem cell advisory council
      462 10  -  By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT PROMINENT surgeon Susan Lim and her husband Deepak Sharma (recently retired chairman of Citi Private Bank) have been appointed co-chairpersons of The International Society for Stem Cell Research’s (ISSCR) Global Advisory Council, the ISSCR said in a
      462 words
    • Article
      Lock icon Crimes shifting online in S’pore: police
      274 10 Xinhua [SINGAPORE] The number of cheating cases involving e-commerce in Singapore surged to 504 in the first half of this year, compared with 96 in the first half of 2013, the police said yesterday. The police said that 15,219 criminal cases were reported between
      Xinhua  -  274 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      85 10 This profile is the seventh of a series of features on the 16 finalists of the Emerging Enterprise Award 2014. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2014 recognises promising enterprises and startups which are up to 10 years old and have an annual
      85 words
Page thumbnail Page 11
  • MALAYSIA/INDONESIA
    • Article
      Lock icon Petronas posts RM40b H1 profit
      467 11  -  But it expects a weaker H2 due to softening demand and oil prices By PAULINE NG Kuala Lumpur MALAYSIA’S Petronas has posted a 12 per cent increase in net profit to RM40 billion (S$15.6 billion) for the first half ended June, but anticipates a softer
      467 words
    • Article, Illustration
      Lock icon Selangor leadership crisis could split Malaysian opposition alliance
      652 11 Reuters [KUALA LUMPUR] Malaysia’s opposition alliance, which has taken strides towards national power in recent elections, is embroiled in a crisis over the leadership of the country’s richest state that is tarnishing its image and could tear it apart. The infighting that
      Reuters; PHOTO: REUTERS  -  652 words
    • Article
      Lock icon Bumi bondholders panel said to accept latest offer
      484 11 Notes’ terms may be amended at S’pore meeting on Aug 22 Bloomberg [JAKARTA] Bondholders of PT Bumi Resources have authorised a plan to accept the latest offer from the coal-mining group to restructure its US$375 million (S$468 million) of convertible securities, a
      Bloomberg  -  484 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      608 11 Advance Your Career With Great Leadership, Networking And Higher Productivity Skills Who should attend: Sales, marketing and working professionals; supervisors, managers, team leaders and other general managers; executives; business owners, and anyone who wishes to achieve higher success in their career. Productivity ar >d Innovation Credit (P/q Claimable 201 4
      608 words
Page thumbnail Page 12
  • CHINA/INDIA
    • Article
      Lock icon Tencent expands chat services to fight Alibaba
      1019 12 It aims to tap its billion users to draw away the e-commerce customers from its Internet rival Bloomberg [HONG KONG] Tencent Holdings faces the prospect of losing its position as Asia’s most-valuable Internet company this year after Alibaba Group Holding goes public but
      Bloomberg  -  1,019 words
    • Article, Illustration
      Lock icon Modi’s quiet style dashes hopes of speedy economic reforms
      871 12 NYT [NEW DELHI] During the months leading up to the spring parliamentary elections, Indians looked at Narendra Modi and saw what they wanted to see. Right-wing Hindus saw a cultural warrior. Work-ing-class voters saw an incorruptible outsider who would impose discipline,
      NYT; PHOTO: AFP  -  871 words
    • Article
      Lock icon China car dealers welcome probe into big auto firms
      774 12 Carmakers dictate terms even on generic spare parts Reuters [BEIJING] An anti-trust probe into global auto makers is being cheered on by car dealers in China, who say that companies such as Audi and Mercedes-Benz have been exploiting their dominance to
      Reuters  -  774 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      10 12 klSS 92* All the great songs in one place v
      10 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      58 12 o r! R tpli r ASIA 20 15 The Next-Generation Workscape 29-31 JULY 2015 Marina Bay Sands, Singapore www.OfficExpoAsia.com •Cloud Solutions for Small Medium Enterprises Next-Gen Business Solutions Document Imaging Solutions Office Stationery Supplies •Optimal Modern Work Environments Interested to exhibit? Tel: (65) 6848 5938 Email: OEA@bizlink.com.sg Organised By: BIZLINK
      58 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 3
      39 12 AUGUST ISSUE OUT NOW! IN THIS ISSUE THINGS YOU MAY NOT KNOW ABOUT AMAZON DYSON COOL FROM E3 TO E-SPORTS, GAMING GOES MAINSTREAM ACCESS 2.0 BUSINESS ULTRABOOKS COMPARED Enjoy20% OFFwhen you subscribe to the print edition now! Visit www.hardwaremag.com
      39 words
Page thumbnail Page 13
  • WORLD
    • Article, Illustration
      Lock icon Aussie consumer sentiment surges; wage growth dismal
      595 13 Spending intentions supported by booming household wealth Reuters [SYDNEY] A measure of Australian consumer sentiment rose strongly in August as households grew more optimistic on the near-term economic outlook and fretted less about their finances, even as wage growth stayed stuck at 16-year
      Reuters; PHOTO: AFP  -  595 words
    • Article, Illustration
      Lock icon Commonwealth Bank posts bumper profit
      490 13 AFP [SYDNEY] Australia’s biggest bank, the Commonwealth, yesterday posted a bumper 13 per cent jump in full-year net profit to a record A$8.63 billion (S$10.03 billion) with gains across each of its core divisions. The country’s top home lender and biggest company by market capitalisation
      AFP; PHOTO: BLOOMBERG  -  490 words
    • Article
      Lock icon Four rare ‘red’ diamonds for sale
      444 13 AFP [SYDNEY] Rio Tinto has unveiled a record four extremely rare “red” diamonds in an exclusive annual sale, with the miner saying there was growing interest in the jewels as collectibles and alternative investments. The diamond tender, with stones sourced from Rio’s Argyle mine
      AFP  -  444 words
    • Article
      Lock icon Norway defends how its wealth fund is run
      707 13 Bloomberg [OSLO] Norway Finance Minister Siv Jensen has said that a probe into the world’s biggest sovereign wealth fund’s purchase of Formula One shares shouldn’t be used as an excuse to tighten oversight of the investor. “We do have control mechanisms to
      Bloomberg  -  707 words
    • Article
      Lock icon Big US brokerages face exodus of brokers
      1051 14 Those going solo prior to retiring feel it’s better deal than selling to employer Re uters [NEW YORK] The four biggest US brokerage firms are facing an exodus of employees who are finding they can make more money and save on taxes by
      Reuters  -  1,051 words
    • Article
      Lock icon Rising debt costs hit smaller Korea firms hard
      585 14 Reuters [HONG KONG] South Korea’s smaller firms are struggling as credit tightens and the cost of servicing debt rises a development that could put more strain on Asia’s fourth-larg-est economy at a time of uneven global growth. The government is trying to
      Reuters  -  585 words
    • Article, Illustration
      Lock icon Car-mad Germans cool to electric vehicles
      795 14 Turnoffs are high cost, less autonomy, recharging time AFP [BERLIN] Germans are mad about cars and Germany is ranked the most fuelefficient country on the planet, but when it comes to electric vehicles, Europe’s top economy is in the slow lane. And moves by
      AFP; PHOTO: BLOOMBERG  -  795 words
    • Article
      Lock icon Major banks struggling over Argentina debt deal
      446 14 Reuters [NEW YORK] International banks are struggling to reach a deal to buy a chunk of Argentina’s sovereign debt held by New York hedge funds suing the country, sources close to the negotiations said on Tuesday. Citi, Deutsche Bank, HSBC and JP Morgan
      Reuters  -  446 words
    • Article, Illustration
      Lock icon West’s loss from Russian ban is gain for Turkish exporters
      546 15 Companies in Turkey expecting surge in shipments of food and consumer products Reuters [ISTANBUL] Turkish companies are enjoying a rise in orders from Russia as their government eyes a lucrative long-term opportunity from Moscow’s ban on imported Western foods. Mehmet
      Reuters; PHOTO: BLOOMBERG  -  546 words
    • Article
      Lock icon New Czech funds target farmland boom
      1131 15 Sector seen offering investors safety and a good yield Bloom berg [PRAGUE] Martin Burda gave up managing US$8.1 billion of securities at the Czech investment arm of Erste Group Bank AG for something that’s produced better returns than stocks and bonds: dirt. Mr Burda,
      Bloomberg  -  1,131 words
    • Article
      Lock icon Global banks back most forex benchmark reforms
      604 16 But they’re cautious about G-20 task force’s plan to set up new trading platform Reuters [LONDON] The world’s top banks have backed the bulk of recommendations from regulators to reform the setting of the leading global currency benchmark following allegations of market rigging,
      Reuters  -  604 words
    • Article, Illustration
      Lock icon Little change in July’s retail sales figures
      421 16 Weak data points to slowdown in consumer spending LATEST US DATA Reuters [WASHINGTON] US retail sales unexpectedly stalled in July, pointing to some loss of momentum in the economy early in the third quarter. The US Commerce Department said yesterday that retail sales,
      Reuters; PHOTO: BLOOMBERG  -  421 words
    • Article
      Lock icon Swiss add Raiffeisen to too-big-to-fail list
      481 16 Co-op lender’s share of mortgage lending makes it vulnerable Reuters [ZURICH] The Swiss National Bank (SNB) is adding cooperative lender Raiffeisen to a list of banks that come under closer supervision because of their importance to the wider financial system, the SNB said yesterday.
      Reuters  -  481 words
    • Article
      Lock icon Petrobras money-laundering probe spreads to banks
      338 16 Bloomberg [RIO DE JANEIRO] A US$4.4 billion mon-ey-laundering probe linked to state-run Petroleo Brasileiro is spreading to financial institutions as prosecutors investigate whether they met compliance requirements. Court documents cite units of banks including New York-based Citigroup, Ma-drid-based Banco Santander and Lon-don-based HSBC Holdings,
      Bloomberg  -  338 words
    • Article, Illustration
      Lock icon Thais looking to produce ethanol from rotten rice
      548 16 Reuters [BANGKOK] Thailand’s military government is studying a plan to use rotten rice from state stocks to produce ethanol, hoping to make use of grains that have gone bad and help reduce losses from a costly rice-buying scheme, a senior government official
      Reuters; PHOTO: REUTERS  -  548 words
    • Article, Illustration
      Lock icon Europe catching up with US on junk bonds
      1248 17 Fall in bank lending and investors seeking higher returns make high-yield securities very popular NYT [NEW YORK] Bruce Mackenzie and Toby Ali were young bankers in the late 1990s, traversing Europe to pitch the merits of high-yield securities, otherwise known as junk
      NYT; PHOTO: AFP  -  1,248 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      1257 13 THE BUSINESS TIMES NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices ipco IResolution 21 [Resolution 3 (i)] [Resolution 3 (if)] [Resolution 4] IPCO INTERNATIONAL LIMITED (Company Registration Number *****2747M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 22 nrl Annual General Meeting
      1,257 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      157 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF WHITE STRATUS HOLDINGS PTE. LTD. Company Registration No. *****6195M (IN MEMBER’S VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act Cap. 50 that a Final Meeting
      157 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      1902 15 The Business Times NOTICES polaris^ POLARIS LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****4341D) NOTICE OF EXTRAORDINARY GENERAL MEETING All capitalized terms in this Notice which are not defined herein shall have the same meaning ascribed to them in the Circular to Shareholders dated 14 August 2014.
      1,902 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      16 16 www.omy.sg hr mmm blog.omy.sg S5SS ■■r 0 blog.omy.sg/malawian-love-chinese Download omy Apps omy News iOSAppStore Google Play
      16 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      29 16 India and Singapore: ALL-WEATHER FRIENDS Our 8-page Independence Day special AIR INDIA SOARS GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      29 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      347 17 ST Seminar Showcase 2014 Singapore Malaysia (Ljl, It- ES^ i Mi i«"i ■■>■■ Raffles City Convention Centre, Stamford Ballroom Level 4 Sunday, 31 August 2014 8.30am 5.00pm INVEST REBATE RM8 f 888 to first 8 property purchasers Terms Conditions apply W 'll SEMINAR TOPICS SPEAKERS All prices are inclusive of
      347 words
Page thumbnail Page 18
  • EDITORIAL & OPINION
    • Article
      Lock icon Making university learning more enjoyable
      494 18 EDITORIAL FOR a society that’s widely seen as achievement-orient-ed, better known for its hard-driving pursuit of merit than for merry-making, recent policy changes by two Singapore universities on the easing of grade requirements for students have been surprising, to say the least. In May, National
      494 words
    • Article, Illustration
      Lock icon China should heed history’s lessons in credit spike
      803 18  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE International Monetary Fund (IMF), in its 2014 assessment of the Chinese economy, has advised the country to adopt lower growth targets and
      803 words
    • Article, Illustration
      Lock icon Tax changes will need to be a fine balancing act
      1039 18  -  Social spending requires more revenue without hurting Singapore’s competitiveness By CHUNG-SIM SIEW MOON TAN CHING KHEE The writers are respectively partner and head of tax, and partner, tax services, at Ernst Young Solutions LLP. The views expressed are their own
      FILE PHOTO  -  1,039 words
    • Article, Illustration
      Lock icon 4 ways Ukraine crisis may play out
      1547 19  -  Risks of the crisis deepening come from stepped-up economic sanctions, military action and energy-supply shocks By PETER DE BRUIN, NICK KOUNIS HANS VAN CLEEF Peter de Bruin is Senior Economist, Nick Kounis is Head of Macro Research, and Hans van Cleef is Senior
      PHOTO: REUTERS; Source: Thomson Reuters Datastream; Source: EIA  -  1,547 words
    • Article
      Lock icon A new world of healthcare vs traditional systems
      876 19  -  By PRABHJOT SINGH The writer, a professor of international and public affairs at Columbia University, is director of Systems Design at the Earth Institute and Chair of the One Million Community Health Worker Campaign in Sub-Saharan Africa Project Syndicate TRADITIONAL healthcare systems
      Project Syndicate  -  876 words
    • Article
      Lock icon Regulators should ignore squawking of finance community
      514 19  -  By MARK GILBERT Bloomberg View BANKS are starting to fret a little more loudly about the heavier hand of regulation. Some of their complaints, particularly about the dangers of business petrification caused by excessive caution, are justified. Others, particularly those to do with
      Bloomberg View  -  514 words
Page thumbnail Page 19
Page thumbnail Page 20
  • AVIATION/SHIPPING
    • Article
      Lock icon Business travel seen costing more next year
      421 20  -  This is from higher demand and limited growth in supply of services, says report By CAI YONG caiyong@sph.com.sg WINGING away on that business trip will cost more next year, say two companies that specialise in managing business travel, meetings and events. Carlson Wagonlit
      421 words
    • Article
      Lock icon Airbus A350 could reach Asia by skirting Russia, says Finnair
      328 20 AFP [HELSINKI] Finnish airline Finnair said yesterday that the Airbus A350 could skirt Russia on its Europe-Asia routes if Moscow carries out a threat to close its airspace to European flights. “The additional freight capacity of this airplane makes me
      AFP  -  328 words
    • Article, Illustration
      Lock icon Panama Canal turns 100 tomorrow
      741 20 AFP [PANAMA CITY] The Panama Canal, one of the 20th century’s greatest engineering triumphs, celebrates 100 years tomorrow, facing competition from rival projects and delays in the expansion aimed at ensuring its 21st century relevance. The product of decades of failed efforts and a final
      AFP; PHOTO: AFP  -  741 words
    • Article, Illustration
      Lock icon Cathay profit surges but falls short of estimates amid competition
      647 20 Passenger yields down; better second half seen Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Asia’s biggest international airline by passengers, reported profit that lagged behind estimates as competition with Middle East carriers held down fares and losses from affiliates widened.
      Bloomberg; PHOTO: BLOOMBERG  -  647 words
    • Article
      Lock icon TRANSPORT STOCKS
      241 20 SGX '000 Aug 13 S$ +/-Vol Ch Offshore Chuan Hup Hldg 0.30 unch 50 Aug 13 Cwt Limited 1.72 0.02 656 First Ship Lea 0.09 unch 406 Grand Banks unch unch 0 Jaya Hold Ltd Cosco Corp K1Ventures 0.21 0.01 1371 Keppel Corp 10.89 0.03 2806 Mercator Lines
      241 words
  • Page 20 Advertisements
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      316 20 CRYPTIC CROSSWORD Across 1 Restricted, criminal laid into criminal (11) 9 Reckons hunt’s returning between two points (7) 10 Previous convictions for religious leaders (6) 12 Bank record contains case of error (7) 13 In Munich a gallery is showing modernist artist (7) 14 Torture admitted in alien country (5)
      316 words
Page thumbnail Page 21
  • Article
    Lock icon SHIPPING TIMES
    1204 21 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
    1,204 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      81 21 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
      81 words
Page thumbnail Page 22
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4242 22 Transaction date: Aug 13 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last 13.3 10.4 8Telecom Vol Day Last Quote --AAT Div Gr Yld C'vr 13.7 6.7 AIMS Property 13.3 +0.4
      4,242 words
    • Article
      Lock icon SGX CATALIST
      467 23 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32.5 25 t 3Cnergy 500 Vol Day 1.9 0.7 t Advanced Systems 0.7 unch 42 0.7 0.7 0.7 0.8 13.6 Div Gr Yld Net
      467 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10630 23 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** undcl A! Aberdeen Asset Mgt Asia Limited 1.59/ EM Local Ccy Bond Aberdeen Asset Mat Asia Limited Global Emerging Markets!** —0.99b 1 Asian Smaller Cos!” China Opportunities USD!** .2.0856/ 2 9583/ Pacific Equity USD!** S'pore
      10,630 words
    • Article
      Lock icon GLOBALQUOTE
      235 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 343 250 TanChongInt HK318 unch 45 319 318 319 320 9.7 3.3 3.1 6404.2 DISCLAIMER: All information is published “as is” without warranty of any kind
      235 words
    • Article
      Lock icon SGX ETF
      1128 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 116.1 -0.1 52 116.2 116.1 116 116.2 530 135.6 119 CIMB APAC Div 100S$D 135.6 +0.9 135.6 135.6 134.7 137.1
      1,128 words
Page thumbnail Page 23
Page thumbnail Page 24
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      658 24 Aug 13 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.76 *****.90 *****.53 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****3 Dec14 *****.00 *****.00 *****.00 *****.00 20 ***** MSCI TAIWAN INDEX FUTURES SPOT 331.84 335.12 331.39 Aug14 329.90 333.90 329.30 333.90 ***** *****5 Sep14 329.50
      658 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Aug 12 Index Change Change Change Change Change Change World Preliminary 1213.6 -0.1 2.5 -0.1 1.3 -0.2 2.3 EAFE Preliminary 945.5 0.0 -1.1 0.0 -2.3 -0.1 -1.4 Europe Preliminary 1339.0 -0.3 -1.2
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 24 Aug 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.014 5.714 0.695 7.195 56.892 108.554 0.951 9.559 2.964 1.101 92.082 40.797 1.161 9.872 0.844 27.852 29.723 0.552 0.928 Canada 0.986 5.632
      471 words
    • Article
      Lock icon SIBOR
      37 24 Aug 13 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 6 mths 6 mths Source: Thomson Reuters
      37 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      82 24 Aug 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.125 01-Apr-16 101.09 101.15 101.13 5-Year NX*****W 2.5 01-Jun-19 105.5 105.70 105.68 10-Year NY*****H 3.000 01-Sep-24
      82 words
    • Article
      Lock icon PRECIOUS METALS
      120 24 Aug 13 GOLD(US$/oz) Aug 13 Aug 12 Hong Kong 1312.00 1314.00 Aug 12 Aug 11 London 1314.85 1306.80 1315.61 1307.00 Source: Thomson Reuters CAST BAR Aug 13 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 315 260 10gm 587 523
      120 words
    • Article
      Lock icon PALM OIL
      57 24 Aug 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2185.0 2215.0 2220.0 2185.0 7 871 Sep 14 2215.0 2199.0 2223.0 2187.0 2929 ***** Oct 14 2189.0 2176.0 2201.0 2163.0 ***** ***** Nov 14 2186.0 2175.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 24 Aug 13 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1603 1.1617 0.9280 0.9285 Canadian dollar 1.1438 1.1451 0.9152 0.9148 Euro 1.6692 1.6706 1.3350 1.3352 NZ dollar 1.0538 1.0550 0.8428 0.8432 Sterling pound 2.1031 2.1049 1.6821
      156 words
    • Article
      Lock icon CHICAGO BOT
      109 24 Aug 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1290.00 1314.75 1315.00 1281.00 Sep 14 1094.25 1108.50 1114.50 1079.00 Nov 14 1059.50 1073.25 1076.50 1043.00 Jan 15 1068.25 1081.75 1084.75 1052.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14
      109 words
    • Article
      Lock icon LIFFE
      95 24 Aug 12 COCOA (£/tonne) Close Prev High Low Sep 14 2029 2026 2035 2023 Dec 14 2013 2007 2015 2005 Mar 15 1980 1971 1982 1971 May 15 1963 1954 1966 1954 COFFEE(US$/tonne) Close Prev High Low Sep 14 1964 1986 2001 1950 Nov 14 1976 1997 2011 1961
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      959 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 5 0.3 1 -53 3.45 47 Asia-Pacific Strategic W*****6 3.5 -0.4 ***** 1 2 57 Acma Ltd W*****7 Exer Price Ascendas REIT MB eCW*****3 Disc Asiatic Grp(Hldgs) Ltd
      959 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 24 CRUDE OIL PRODUCTS Aug 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 104.01 -1.69 WTI (Near Mth) 97.37 -0.68 Dubai (1-Mth F) 102.98 -0.34 Tapis blend 105.56 -1.13 Minas 101.26 -1.13 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.17 -0.05 Jet Kerosene 117.05 -0.32 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Aug 13 S$ Bid Offer 1-month 1.2503 1.2512 2-months 1.2503 1.2512 3-months 1.2502 1.2512 6-months 1.2501 1.2510 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 24 Aug-12 Aug-12 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2032.75 2020.25 3 months 2052.00 2033.50 Copper, Grade A(US$/tonne) Cash 6983.25 7011.00 3 months 6965.00 6995.00 Lead(US$/tonne) Cash 2253.00 2251.50 3 months 2262.00 2257.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Aug 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.186 1.130 Can dollar 1.165 1.121 Euro 1.711 1.630 Sterling pound 2.141 2.059 NZ dollar 1.078 1.037 US dollar 1.276 1.216 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      158 24 Aug 13 $S Offer Bid 0vernight 0.10 0.05 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.08 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
      158 words
Page thumbnail Page 25
  • PROPERTY
    • Article, Illustration
      Lock icon Overhaul ahead for Zell’s Equity Commonwealth
      1168 25 Disparate holdings to come under scrutiny after investor-led revolt Bloomberg [CHICAGO] Since taking over Equity Commonwealth in an investor-led revolt almost three months ago, Sam Zell and his team have found buyers for more than US$200 million of properties, sold shares in a former
      Bloomberg; PHOTO: REUTERS  -  1,168 words
    • Article
      Lock icon Mori raises 13b yen in 10-year bonds
      703 25 Developer decides on longer-maturity bonds to lock in borrowing costs Bloomberg [TOKYO] Mori Building Co has sold its longest bond ever as Japan’s biggest closely-held developer plans one trillion yen (S$12.2 billion) of projects in the decade that will include the 2020 Tokyo
      Bloomberg  -  703 words
    • Article
      Lock icon Househunt
      821 25 PROPERTY TRANSACTIONS FOR DISTRICTS 3 TO 28 WITH CONTRACT DATES BETWEEN JULY 2 AND JULY 8, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Alex Residences Apt 07/07/2014 99 1023 1646 1610 Commonwealth Twr Apt 04/07/2014
      821 words
    • Article
      Lock icon Japanese rush into flexi-rate mortgages raises concerns
      805 26 Proportion of such home loans in Feb jumps to 42.8%, highest since Dec Bloomberg [TOKYO] Japanese homebuyers are piling into float-ing-rate mortgages, stirring debate over whether they are too complacent as Bank of Japan (BOJ) stimulus revives inflation. The proportion of home loans
      Bloomberg  -  805 words
    • Article, Illustration
      Lock icon Dubai hotels sink to 18-year low – more than half empty
      322 26 Dubai hotels sink to 18-year low more than half empty Bloomberg [DUBAI] Dubai’s hotels had the lowest occupancy in at least 18 years in July, standing more than half empty, as more rooms were created and demand declined, according to research firm STR Global. Occupancy declined 11.8 percentage points to
      Bloomberg; PHOTO: BLOOMBERG  -  322 words
    • Article, Illustration
      Lock icon China’s Wanda to launch foray into Australia
      367 26 Xinhua [CANBERRA] The company of China’s real estate tycoon, Wang Jianlin, will launch into Australia’s property development market, creating a billion-dollar local arm to invest in new projects, including a long-awaited Gold Coast high-rise complex. Wanda Commercial Properties, a Hong Kong-listed entity of
      Xinhua; PHOTO: BLOOMBERG  -  367 words
    • Article, Illustration
      Lock icon Fresh signs of softness in China property market
      501 27 Unwinding of controls may lend some support in coming months Reuters [BEIJING] China’s property market showed further signs of weakening last month, with real estate investment slowing and sales falling sharply despite efforts by many local governments to shore up the troubled
      Reuters; PHOTO: BLOOMBERG  -  501 words
    • Article
      Lock icon Parkroyal hotel wins int’l building prize
      585 27  -  By JAN LEE janlee@sph.com.sg [SINGAPORE] Parkroyal on Pickering won big at an awards ceremony for building excellence last night, picking up the prestigious FIABCI Prix d’Excellence Gold Award. The FIABCI prize is an international award established in 1992 and given to projects outstanding in
      585 words
    • Article
      Lock icon Goldman in bid for 165b yen Tokyo office deal
      353 27 Reuters [TOKYO] A Goldman Sachs Group Inc unit is a final bidder for a Tokyo office tower in a deal that could fetch about 165 billion yen (S$2.01 billion), said people familiar with the deal, which could be the biggest office
      Reuters  -  353 words
    • Article
      Lock icon S’pore tops Asia in Q2 office rental gains
      587 28  -  By ANGELA TAN angelat@sph.com.sg [SINGAPORE] Singapore posted the strongest quarterly gains in office rentals in Asia during the second quarter of 2014, according to latest data from JLL. In local currency terms, Singapore continued to see the strongest quarterly rental growth of
      587 words
    • Article, Illustration
      Lock icon Trump goes on the prowl in India
      411 28 Bloomberg [MUMBAI] American tycoon Donald Trump is looking to invest in India’s hospitality industry after lending his name to luxury residential projects as the real estate mogul diversifies his businesses outside the US. “India is a great place to invest, especially after the
      Bloomberg; PHOTO: REUTERS  -  411 words
  • Page 25 Advertisements
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      195 26 For Sale Melbourne, Australia Infill Development Site 37–39 Buick Crescent, Mill Park, Victoria, Australia Land parcel of approx 3.986 hectares Zoned General Residential with a Design and Development Overlay with particular focus on higher density development Located in the northern growth corridor abutting the Westfield Plenty Valley Shopping Centre and
      195 words
    • Advertisement
      Lock icon Page 26 Advertisements Column 2
      165 26 For Lease Robinson Point Flexible sizes Fitted /Bare 1,294 sqft/1,594 sqft/2,400 sqft/4,100 sqft/7,556 sqft Great sizes Fitted /Bare 8,288 sqft/16,576 sqft/24,132 sqft/31,688 sqft High floor with unblock view Beautifully fitted/bare units with regular layout Proximity to amenities and ample parking spaces Short distance to four MRT stations call 8338 2466/
      165 words
    • Advertisement
      Lock icon Page 26 Advertisements Column 3
      211 26 For Sale by Tender MENARA PRUDENTIAL (No. 10, Jalan Sultan Ismail, ***** Kuala Lumpur, Malaysia) Rare opportunity to acquire a freehold commercial property in the heart of KL’s “Golden Triangle” financial district Excellent potential for future repurposing amid exciting mega-urban renewal projects High occupancy anchored by a blue chip tenant
      211 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      50 27 Property Developers and Equity Partners seeking to expand into Australia We offer opportunities for Joint Venture Partnerships with an established team of Property Development Professionals CALL +65 *****659 (SINGAPORE), +61 *****1813 (AUSTRALIA) OR EMAIL TO info@landdevelopmentsaustralia.com TO DISCUSS OPPORTUNITIES TO EXPAND YOUR FOOTPRINT IN THE AUSTRALIASIA REGION. LAND DEVELOPMENTS AUSTRALIA
      50 words
    • Advertisement
      Lock icon Page 27 Advertisements Column 2
      274 27 RARE FREEHOLD LANDED DEVELOPMENT SITE S PORE ISLAND COUNTRY CLUf AN ISLAND EXP .jOt J ST JOSEPH'S j KHEAM HOCK ROAD INSTITUTION CAMDEN PARK GCBA STORE RAFFLES CLUNY COURT TOWN CHINESE CLUB GIRL'S SCHOOL BOTANIC garden: SINGAPORE BOTANIC GARDENS Investment Properties Galven Tan (CEAReg No.: R*****1F) 9799 4898 6224 8181
      274 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      375 28 The TALLEST APARTMENT BUILDING in FAST PERTH CONCERTO CONCERTO PERTH CBD -r *7 :J, T l' cr 7 i —i GLOBAL LAUNCH WEEKEND Saturday 16 th Sunday 17 th August 2014 (11am-7pm) Regent Singapore Boardroom II III, Level 3 1 Cuscaden Road, Singapore *****5 WELLINGTON SQUARE CONCERTO (hardens 1 Langley
      375 words