The Business Times, 21 August 2014

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Microfilm: NL33222
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Thursday, August 21, 2014
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  • Article
    Lock icon Tokio retirement product features some firsts
    622 1  -  Payment can be by instalment; spouses can be covered By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT [SINGAPORE] Amid strong demand for retirement products here, Tokio Marine Life Insurance Singapore (TMLS) has launched a whole life insurance product that pays customers a stream of monthly income for
    622 words
  • Article, Illustration
    Lock icon Celcom boss tipped to become new MAS CEO
    849 1  -  Marketing experience and branding savvy make Shazalli Ramly favoured choice By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT [SINGAPORE] As the search for a new boss to helm dis-aster-struck Malaysia Airlines (MAS) nears its end, one candidate appears to be emerging as the most likely
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,323.65 (+7.22) GST INDEX FUTURES 3,316.00 (+10.00) GSIMSCI 377.62 (+0.88) HSIMSCI FUTURES 376.90 (-0.20) US$ S$ US$ (S$ per US$) 1.249 (US$/S$ per 1.662 2.075 EURO (US$/S$/€ 1.329 1.660 Foreign currency per US$ S$ YEN 103.30 82.70 RM 3.167 2.536 HK$ 7.751 6.207 BAHT 31.94 25.58 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Wednesday Change KL COMP 1,878.89 +6.73 NIKKEI 225 15,454.45 +4.66 HANG SENG 25,159.76 +36.81 SET INDEX 1,550.77 +7.92 JAKARTA COMP 5,190.17 +25.00 MANILA COMP 7,096.49 +13.74 SEOUL COMP 2,072.78 +1.64 SHENZHEN B 947.28 +1.60 MUMBAI IND 26,314.29 -106.38 12 noon EDT Change DOW 16,951.42 +31.83 NASDAQ 4,528.88 +1.37
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE MALAYSIA HONG KONG HONG KONG 6.55 INDONESIA INDONESIA 14.609 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 INDIA 0.50 Source: Bloomberg
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      467 2 Celcom boss tipped to become new MAS CEO THE likely candidate to lead the task to redeem the ailing Malaysia Airlines has narrowed to branding expert Shazalli Ramly, CEO of Celcom Axiata. FRONT PAGE Tokio retirement product features some firsts TOKIO Marine Life Insurance Singapore has launched a
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    • Article
      Lock icon Domestic wholesale trade falls 6.1% in Q2
      354 2  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Singapore’s domestic wholesale trade fell 6.1 per cent in the second quarter of 2014 compared to a year ago, data released by the Department of Statistics showed yesterday. The drop was largely due to the metals, timber
      354 words
    • Article, Illustration
      Lock icon Japan exports up 3.9% as overseas demand picks up
      683 2 This will help offset weakness in domestic spending, support ‘Abenomics’ Reuters [TOKYO] Japan’s exports rose in July for the first time in three months in a tentative sign that overseas demand is starting to recover, which could raise hopes that exports
      Reuters; PHOTO: BLOOMBERG  -  683 words
    • Article, Illustration
      Lock icon AirAsia X shares fall on the back of higher Q2 loss
      565 2  -  By PAULINE NG in Kuala Lumpur THE shares of AirAsia X fell by slightly more than 6 per cent to 77 sen yesterday, as the budget carrier missed estimates by a mile as a result of higher operating expenses
      PHOTOS: BLOOMBERG; AFP  -  565 words
    • Article
      Lock icon Cat B premiums post biggest increase
      417 2  -  COE prices expected to remain more or less stable for next two months By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Certificate of entitlement (COE) premiums were generally higher across the board at the end of yesterday’s bidding exercise with the premium for Category B registering
      417 words
    • Article, Illustration
      Lock icon Prosecution: Kong Hee had the final say
      526 3  -  CITY HARVEST TRIAL BY CLAIRE HUANG huangjy@sph.com.sg @C|aireHuangBT [SINGAPORE] City Harvest Church founder Kong Hee was the ultimate authority when it came to the financing of the Crossover Project through the various bond subscriptions made by the church from 2006 to 2008, alleged
      PHOTO: WONG KWAI CHOW/THE STRAITS TIMES  -  526 words
    • Article, Illustration
      Lock icon Call made to build world-class SMEs
      485 3  -  SCCCI president says their product and service must be world-standard By MINDY TAN tanmindy@sph.com.sg @MindyTanBT [SINGAPRE] THE president of the Singapore Chinese Chamber of Commerce and Industry (SCCCI) has called for more to be done to develop world-class small and medium-sized enterprises (SMEs) in
      FILE PHOTO  -  485 words
    • Article
      Lock icon S-E Asia economic integration could worsen inequality: study
      340 3 AFP [JAKARTA] A plan by South-east Asian countries to establish a European Un-ion-inspired single market next year could worsen inequality and is likely to benefit men more than women, a new study warned yesterday. The Association of Southeast Asian Nations (Asean) has
      AFP  -  340 words
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      39 3 +65 6735 5225 PRADA.COM m Aa *♦>>3 <SS: ‘VJ V I ■m* IM \m s a PR AD A HmttW hr fev V 5S^& a g£5 ira *7<f «a Ete «a •7i* «aa aaa f jp rsie a^w^pfe, S5-
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon OCBC up again as Moody’s confirms ratings
      722 4  -  Stock up a further 7 cents at S$10.38 and was the most active by value By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT OCBC Bank continued to rally yesterday, with some 5.7 million shares worth S$59 million changing hands making the stock the most actively
      ST FILE PHOTO  -  722 words
    • Article
      Lock icon Teho’s full-year profit up 42.5% at $3.4m
      429 4  -  Revenue hits record high for the second year in a row By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT TEHO International has achieved record revenue for the second year running through growth in its marine, offshore oil gas segment and a maiden contribution from its property
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    • Article, Illustration
      Lock icon Better for NOL to list logistics unit than to sell it
      923 5  -  HOCK LOCK SIEW B y MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT THE confirmation by Neptune Orient Lines (NOL) that it is considering selling off its logistics unit or listing it as a separate entity comes as the logistics and shipping company
      PHOTO: BLOOMBERG  -  923 words
    • Article
      Lock icon BOC Aviation posts US$163m first-half earnings
      317 5  -  The aircraft leasing firm boasts fleet size of more than 250 By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SINGAPORE-BASED BOC Aviation made a net profit of US$163 million for the six months ended June 30, comparable to the correspond- ing period last year. The aircraft leasing
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    • Article
      Lock icon KrisEnergy prices S$200m 5.75% notes
      169 5  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT UPSTREAM oil and gas company KrisEnergy yesterday said it has successfully priced S$200 million worth of 5.75 per cent fixed rate notes due in 2018. The notes are part of the company’s S$500 million multicurrency mediumterm notes (MTN) programme set
      169 words
    • Article
      Lock icon SMRT pleased with Jokowi’s project backing
      229 7  -  President-elect meets CEO over monorail’s progress By CARINE LEE carinel@sph.com.sg @CarineLeeBT SMRT’s president and group CEO Desmond Kuek yesterday said he was encouraged by Indonesian President-elect Joko Widodo’s support for the Jakarta Eco Transport Monorail project (JET), for which SMRT is a partner. Mr
      229 words
    • Article
      Lock icon XMH signs MOU for 80% stake in Z-Power
      230 7  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT XMH Holdings, a diesel engine provider for the marine and industrial sectors, yesterday said it has inked a memorandum of understanding (MOU) for an 80 per cent stake in Singapore’s Z-Power Automation for S$13.2 million. The MOU
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    • COMPANY BRIEFS
      • Article
        Lock icon Pete Air Co now SIA’s associated company
        85 7 PETE AIR CO is now considered an associated company of the Singapore Airlines group. This comes after SIA’s wholly owned budget carrier Scoot acquired 874,999 shares, or 43.75 per cent, in a joint venture company (JVC) for around 87.5 million Thai baht (S$3.4
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      • Article
        Lock icon SPH acquires 22% stake in MindChamps for S$12m
        65 7 SINGAPORE Press Holdings has acquired a 22 per cent stake in MindChamps Preschool (Worldwide) Pte Ltd for S$12 million in cash. MindChamps Worldwide operates and franchises early childhood curriculum and enrichment programmes. The purchase is not expected to have any material impact
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      • Article
        Lock icon KOP plans to acquire land use rights for Shanghai resort
        58 7 KOP Limited said it has progressed in its plans to develop an integrated indoor winter resort in Shanghai, entering into a collaboration agreement with Shanghai West Hongqiao Business Development to work together in procuring the land use rights for six
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      • Article
        Lock icon Fischer Tech CEO, chairman trying to take the firm private
        98 7 FISCHER Tech’s CEO Tan Choon King and independent chairman Foo Meng Tong are trying to take the firm private through a mandatory unconditional cash offer in order to undertake a review of the operations of the maker of precision engineering
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    • Article, Illustration
      Lock icon StanChart’s US$300 million fine raises heat on board
      765 7 Investors question future of CEO Peter Sands and president John Pearce Reuters [LONDON] A US$300 million fine on Standard Chartered for lapses in anti-mon-ey laundering controls has piled pressure on the bank’s board, coming after a series of transgressions and a drop
      Reuters; PHOTO: BLOOMBERG  -  765 words
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      604 4 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. 201 4 AUGUST SERIES 1 w FULL-DAY WORKSHOPS Buzan
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      148 5 MAN AM with Follow Me Japan Voted as one of the world’s most incredible bike routes by CNN Join FMJ on the start line of the COMPLETE SHIMANAMI course (65km). In this non-competitive event, take in the stunning scenery as you traverse the Seto Inland Sea. Si 3 r, y
      148 words
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      Lock icon Page 5 Advertisements Column 2
      179 5 PSA BUILDING SIX BATTERY RD SUNTEC TOWER 3 THE METROPOLIS SINGAPORE’S FINEST SERVICED OFFICES Fully furnished prestigious offices Business registration offices available Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure 5 days free at any location across the globe per month
      179 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Banks lead STI up before Fed minutes
      620 6  -  Index continues its upward trend with gain of 7.22 points but volume is low STOCKS CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent THE Straits Times Index (STI) continued its upward trend this week yesterday, albeit on low volume. It closed at 3,323.65 points, up 7.22
      Source: Bloomberg  -  620 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Aug 20 VALUE CLOSE BT OB/OS -55.00 +174.00 BT CADI -*****.00 +9.00 BT 10-day MA -*****.00 -6.00 FTSE ST Mid Cap 773.94 +0.05 FTSE ST Small Cap 555.48 +0.17 FTSE ST All Share 808.03 +1.37 FTSE ST China Top 199.56 +0.39 FTSE ST China 230.29 +0.80 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 6 0 0 0 3 6 6 Manufacturing 49 39 53 6 6 12 55 45 65 Commerce 26 20 15 4 3 10 30 23 25 Tpt/Stor/Comms 19 10 14
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    • Article
      Lock icon BROKERS’ TAKE
      1018 6  -  Compiled by KENNETH LIM Maxi-Cash Financial Services Corp Aug 20 close: S$0.28 DMG PARTNERS RESEARCH, Aug 20 WITH plans to go ahead and open more outlets and cross the 40-out-let mark, Maxi-Cash is expected to continue incurring higher costs, given that its pawnshops are still underperforming its peers.
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,001 17,001 46,587 46,587 Manufacturing 294,892 79,869 374,761 160,669 4,240 164,909 Commerce 59,669 119,468 179,137 64,004 4,034 68,037 Tpt/Stor/Comms 142,705 26,665 169,370 129,150 4,551 133,701 Finance 18,267 309 18,576 141,693 67 141,759 Construction 36,289 26,103
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      121 6 Stock name Close Change Ascendas Reit 2.350 CapitaLand 3.320 -0.040 CapitaMall Trust 2.000 +0.005 CityDev 10.020 +0.180 ComfortDelGro 2.540 +0.060 DBS Grp 17.75 +0.070 Genting Sing 1.250 Global Logistic 2.800 +0.020 Golden Agri-Res 0.515 -0.005 HPH Trust USD 0.715 +0.005 HongkongLand USD 7.050 -0.020 JMH 400
      121 words
    • Article, Illustration
      Lock icon US$ hits multi-month highs on upbeat data
      513 6 CURRENCIES AFP [TOKYO] The US dollar hit mul-ti-month highs against the euro and yen in Asia yesterday after a surge in US housing construction boosted optimism over the state of the world’s number one economy. In late afternoon Tokyo trade, the greenback rose
      AFP; PHOTO: BLOOMBERG  -  513 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME MDR W*****5 211,545,000 Mirach Energy 162,040,000 Artivision Tech 86,122,000 ThaiBev 81,543,000 Albedo 79,795,000 IHC 61,776,000 APAC Strategic 57,977,000 Golden Agri-Res 53,716,000 Jaya 50,675,000 Polaris 42,901,000 VALUE($) OCBC Bank 58,981,810 ThaiBev 54,452,170 SingTel 44,214,880 DBS Grp 43,131,010 Mirach Energy 35,410,720 CapitaLand 27,879,630 Golden Agri-Res 27,653,540 UOB 25,024,260
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    • Article
      Lock icon RISES
      111 6 BY CENTS CLOSE UP IS S&P500 ***** 748.9 3.1 SPDRS S&P 500 10US$ ***** 49.9 0.2 SPDR DJIA 10US$ ***** 46.2 0.2 DTAC 200 USD 337 23.7 6.0 UOB.ES.1408 2294 23.0 1.0 Lyxor Indonesia10US$ 9513 20.0 0.2 Lyxor AsiaIT 10US$ 3899 18.7 0.4 CityDev 1002 18.0 1.8 UOB 2287
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    • Article
      Lock icon FALLS
      129 6 BY CENTS CLOSE DOWN DBXT iBoxxSvEu 5US$ ***** -143.5 -0.4 DBXT AUDCS 5US$ ***** -118.6 -0.5 DBXT EONIA 5US$ ***** -114.8 -0.5 DBXT USDIGInfl 5US$ ***** -104.8 -0.3 DBXT iBoxxKR 5US$ ***** -101.1 -0.5 JMH 400 USD 6000 -88.6 -1.2 GLD 10US$ ***** -76.1 -0.5 Lyxor ThaiSET 10US$ *****
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    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 6 DAILY
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      294 7 MANPOWER ISSUES? LOW PRODUCTIVITY? INCREASING SALARIES? -VHESECR Ers SURVIVING P THROUGH THE LABOUR °°cl& BeveraQ® Learn how to: 1. Recruit, Retain Retrain Staff 2. Tap on Government Grants Assistance Visit http://seminar.ifiacademy.com to REGISTER NOW! For further enquiries, call 6474 0606 (Mon Fri, 9am 6pm). Date 29 August 2014, Friday Time
      294 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Easy Taxi launches app for corporate customers
      550 8  -  It makes cab fare reimbursement claims easier for staff and employers By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT TIRED of rummaging through a pile of taxi receipts at the end of each month, trying to remember what each one was for, and making note of
      550 words
    • Article
      Lock icon Aviation academy MOU, 5 others signed with West Bengal
      380 8  -  By AMANDA EBER aeber@sph.com.sg CHANGI Airports International (CAI) yesterday signed a memorandum of understanding (MOU) with Bengal Aerotropolis Projects Ltd (BAPL) to explore the setting up of an aviation training academy in the Indian state of West Bengal, during a plenary
      380 words
    • Article, Illustration
      Lock icon Smart and sexy define Anacle
      997 8  -  Homegrown green tech firm provides good solutions while looking cool. LEEreports JAN LEE OPEN concept, cool round desks, top-to-bottom glass windows, bright red sofa booths and young executives in their 20s: these are what make up the swanky new Anacle office. And though its looks
      PHOTO: ARTHUR LEE  -  997 words
    • Article
      Lock icon SME productivity, growth get boost
      343 8  -  Government will subsidise efforts to adopt ICT By MINDY TAN tanmindy@sph.com.sg @MindyTanBT THE incorporation of the S$500-million IPG programme into iSPRINT (Increase SME Productivity with Infocomm Adoption Transformation) is expected to boost the productivity and technological adoption of small and medium-sized enterprises (SMEs). The IPG
      343 words
    • Article
      Lock icon Online scams up 425% in H1 from year ago
      463 9  -  Rising cyber scams make it tough for genuine businesses to get firm foothold By CAI YONG caiyong@sph.com.sg FRAUDSTERS are operating through money mules and even using unwitting blogshop owners to scam online shoppers, said the Singapore Police Force yesterday. New statistics
      463 words
    • Article, Illustration
      Lock icon Test case for space saving building method
      437 9  -  UWC Dover campus office to also have energy-efficient solutions By JAN LEE janlee@sph.com.sg UNITED World College South East Asia’s (UWCSEA) Dover campus will soon include Singapore’s most energy-effi-cient office with space-saving techniques. The project will be spearheaded by Future Cities Laboratory (FCL), a
      Source: Future Cities Laboratory 2014  -  437 words
    • Article
      Lock icon More firms find CSR makes financial sense
      257 9  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT MORE companies across the world are engaging in environmental and socially responsible activities not simply for brand building or altruistic reasons, but simply because it makes good financial sense. This was according to the latest research by Grant
      257 words
    • Article, Illustration
      Lock icon Biotech firm a leader in cell-encapsulation
      1218 9  -  Austrianova runs a tight ship here as it grows its business of delivering medical treatments in ‘capsules’. EBERreports AMANDA EBERreports TO the naked eye, the capsules produced by biotechnology firm Austrianova look like brightly coloured balls, each barely a millimeter in diameter. But each
      PHOTO: YEN MENG JIIN  -  1,218 words
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      86 8 This profile is the 12th of a series o f 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
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      86 9 This profile is the 13th of a series o f 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
      86 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Push to get M’sian women back to work
      907 10 Tax incentives for companies with childcare centres, flexi-work plans Bloomberg [KUALA LUMPUR] Women in Malaysia who have stopped working to raise their families are being enticed to rejoin the labour market as the country tries to boost South-east Asia’s lowest female workforce
      Bloomberg; PHOTO: REUTERS  -  907 words
    • Article
      Lock icon Jakarta’s move to cut diesel imports may hit margins
      835 10 Mining industry demand falling while use of biodiesel rises Reuters [SINGAPORE] Previously ranked as Asia’s top diesel importer, now No. 3 Indonesia is expected to take a third less of the fuel this year as demand from mining falters and biodiesel
      Reuters  -  835 words
  • Page 10 Advertisements
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      189 10 ST Se Sh S3 I STPROPERTY INVEST REBATE RM8,888 to first 8 property purchasers iii? Raffles City Convention Centre, Stamford Ballroom Level 4 Sunday, 31 August 2014 I 8.30am 5.00pm SEMINAR TOPICS SPEAKERS a Private Residential Market in 2H2014 to 2015 Is further price cut expected? Alan Cheong Senior Director
      189 words
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      46 10 OPPI;C^»XPO ASIA 2015 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 Imaaina Solutions Interested to exhibit? Tel: (65) 6848 5938 Email: OEA@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sf^l
      46 words
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon China fines Japanese auto parts makers for price fixing
      968 11 12 firms fined 1.24b yuan in total amid increased antitrust scrutiny Bloomberg [TOKYO] China found a dozen Japanese auto parts makers guilty of price fixing and doled out the biggest antitrust fines in the country since relevant rules came into effect
      Bloomberg; PHOTO: REUTERS  -  968 words
    • Article
      Lock icon Yield rise outlook driving Indian rupee bond sales
      851 11 Top underwriter Axis expects new record to be set this year Bloomberg [MUMBAI] Indian rupee bond sales will reach a record in 2014 as companies seek to raise money before a spike in yields, the nation’s biggest underwriter says. Axis Bank Ltd
      Bloomberg  -  851 words
    • Article
      Lock icon China state firms posting faster earnings growth
      303 11 This signals key pockets of economy picking up speed Reuters [BEIJING] China state-owned firms enjoyed faster earnings growth in the first seven months of 2014, suggesting that key pockets of the world’s sec-ond-largest economy are picking up speed as government measures gain traction.
      Reuters  -  303 words
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      16 11 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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      Lock icon Page 11 Advertisements Column 2
      336 11 Ho Seng Foo Senior Vice President, Retail Dealing CIMB Securities (Singapore) Pte Ltd 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
      336 words
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      Lock icon Page 11 Advertisements Column 3
      203 11 $450 Received 2 online webinars if you sign up before 5 September 2014 To Get The True “Edge” in Forex You Need to Know When to Enter and Exit The Market. LEARNING OUTCOME: Learn the ONE Key Technique to survive and thrive in the currency market Understand Why Most Traders
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  • WORLD
    • Article, Illustration
      Lock icon Asia-Pacific has ‘more poor people than thought’
      959 12  -  Existing yardsticks of poverty may be wrong, says the ADB By ANTHONY ROWLEY In Tokyo [TOKYO] Asia may be the seat of an economic miracle, but the region remains home to the world’s largest numbers of people living in absolute poverty and now
      PHOTO: REUTERS  -  959 words
    • Article
      Lock icon Citigroup said to be exiting Japanese retail banking
      395 12 It has struggled with compliance issues and achieving scale Reuters [TOKYO] Citigroup Inc is preparing to sell its Japanese retail banking operations, a source with direct knowledge of the matter said yesterday, as it waves the white flag on a venture plagued
      Reuters  -  395 words
    • Article
      Lock icon Norway sovereign fund up 3.3% in Q2
      498 13 It held 61.3% in stocks at end-June; highest stock holding is in Nestle Bloomberg [OSLO] Norway’s sovereign wealth fund, the world’s largest, returned 192 billion kroner (S$38.79 billion) in the second quarter as energy stocks and emerging markets led a rally amid turmoil
      Bloomberg  -  498 words
    • Article
      Lock icon S’pore macro fund hits US$1b mark
      242 13 Bloomberg [SINGAPORE] Quantedge Global Fund, Asia’s best-performing macro hedge fund, said it has raised its assets to over US$1 billion, joining the ranks of the region’s biggest funds. Quantedge, which started with US$3 million in October 2006, has increased its assets under management to
      Bloomberg  -  242 words
    • Article, Illustration
      Lock icon Thailand junta chief tipped to become PM
      416 13 Gen Prayut likely to be picked by national assembly AFP [BANGKOK] Thailand’s coup leader is expected to be picked as prime minister by the kingdom’s new ar-my-dominated national assembly, junta sources said yesterday, cementing the military’s hold on power in the politically turbulent
      AFP; PHOTO: AFP  -  416 words
    • Article
      Lock icon Poland hit hard by Russian ban on EU food
      404 14 It wants European Commission to lodge formal complaint with WTO Reuters [WARSAW] Poland has asked the European Commission to lodge a formal complaint to the World Trade Organisation (WTO) over a Russian ban on EU food products that has hit Poland
      Reuters  -  404 words
    • Article, Illustration
      Lock icon Poles ditch vodka for cider as Russian import ban kicks in
      1052 14 Bloomberg [LONDON] When Tomasz Porowski helped pioneer branded Polish apple cider three years ago, the beverage barely registered in a nation of beer and vodka drinkers. Today his company, Cydr Ignacow, is helping the nation spite Vladimir Putin’s ban
      Bloomberg; PHOTO: REUTERS  -  1,052 words
    • Article, Illustration
      Lock icon Thai growth may be lower than forecast: central bank
      735 14 Delays in govt spending cited for slower expansion Reuters [BANGKOK] Thailand’s economic growth may be slightly lower than previously expected this year due to delays in government spending, minutes from the central bank’s last meeting showed yesterday. But the minutes also
      Reuters; PHOTO: BLOOMBERG  -  735 words
    • Article
      Lock icon McDonald’s to launch retail coffee line in 2015
      145 14 AFP [NEW YORK] McDonald’s yesterday became the latest food giant to enter the retail coffee market, announcing plans to market a variety of coffee products under its McCafe brand. Partnering food giant Kraft, the fast-food chain will market ground coffee, whole bean
      AFP  -  145 words
    • Article, Illustration
      Lock icon Australian economy needs ‘animal spirits’: RBA
      567 15 Lower interest rates alone won’t do, says central bank chief Reuters [SYDNEY] Australia’s central bank chief said yesterday that record low interest rates alone cannot drive confidence or spur business activity, suggesting that firms should do more to stimulate stronger economic growth. Reserve Bank
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      Lock icon Argentina aims to skirt US court ruling on debt
      479 15 It seeks to swap defaulted debt for new Argentine notes Reuters [BUENOS AIRES] President Cristina Fernandez on Tuesday unveiled legislation that seeks to push bondholders to swap defaulted debt for new notes governed by Argentine law, a move aimed at skirting
      Reuters  -  479 words
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      Lock icon Hungary’s debt relief plan will be a big blow to banks: analysts
      735 15 AFP [BUDAPEST] Controversial new plans to make Hungary’s banks bear the burden of surging mortgage repayments could drag down economic growth and may prompt some beleaguered lenders to leave the country, analysts say. Around a million Hungarians have
      AFP; REUTERS FILE PHOTO  -  735 words
    • Article
      Lock icon For data scientists, hurdle to insights is grunge work
      715 15 More progress needed in easing the analysis of data NYT [NEW YORK] Technology revolutions come in measured, sometimes foot-dragging steps. The lab science and marketing enthusiasm tend to underestimate the bottlenecks to progress that must be overcome with hard work and
      NYT  -  715 words
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      Lock icon Middle-East crisis: US must tackle the economics of it
      824 16 Economies of the region are detached both from the world and one another NYT [WASHINGTON] US President Obama surprised many recently when he diagnosed the crisis gripping Iraq as partly an economic one, noting that Iraqi Sunnis were “detached from the
      NYT; PHOTO: REUTERS  -  824 words
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      Lock icon US venture capital still a men’s club
      1107 16 Women partners down to only 4%, from 5% in 2010 Reuters [SAN FRANCISCO] When she started her child support tracking business SupportPay, Sheri Atwood expected all kinds of suggestions but not the tip she got from a female investor who suggested she dye
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    • Article
      Lock icon Iceland to see first budget surplus since ‘08
      445 16 Bloomb erg [REYKJAVIK] Iceland is set to deliver its first budget surplus since the island’s 2008 banking meltdown forced it to resort to an international bailout. The government will collect 20 billion kronur (S$214 million) more in revenue this year than it
      Bloomberg  -  445 words
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      Lock icon Hollande vows to speed up reforms
      701 17 French president will also ease tax on poor in a bid to win voters’ confidence Reuters [PARIS] French President Francois Hollande said yesterday he would accelerate reforms while at the same time giving tax breaks to poorer households as he tries to win back
      Reuters; PHOTO: REUTERS  -  701 words
    • Article
      Lock icon US, EU central bank chiefs discuss rates
      559 17 Observers watching closely for signals of policy shifts AFP [WASHINGTON] Slow growth, low interest rates and tepid inflation on both sides of the Atlantic will be in focus this week when heads of the US and European central banks meet in Jackson Hole,
      AFP  -  559 words
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      Lock icon Apple stock hits record US$100.53
      604 17 Bloomberg [SAN FRANCISCO] Apple Inc’s stock has soared to an all-time high, surpassing a 2012 record as investors look ahead to new products such as bigger-screen iPhones and a wrist-watch-like device that may jump-start revenue growth. Apple rose 1.4 per cent to US$100.53 on Tuesday,
      Bloomberg; PHOTO: REUTERS  -  604 words
    • Article
      Lock icon Joe Costello attempts comeback
      551 17 Bloomberg [SAN FRANCISCO] Joe Costello was once a contender for the top jobs at Apple Inc, Google Inc and Yahoo! Inc. Then, he all but vanished from Silicon Valley’s elite circles. Now, the technology veteran is back, though in a smaller role. The 60-year-old recently became
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      251 13 The Business Times Ik I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices ffsph.com.sg J J j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, Cap. 50 AND IN THE MATTER OF TRADECHEM INTERNATIONAL PTE. LTD. (“In Members Voluntary Liquidation”) (Company Reg. No: *****3038E)
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      1329 13 INNOPAC HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 22 September 1973) (Company Registration No. *****1788K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Innopac Holdings Limited (the “Company”) will be held at the Heritage Place, 21 Tan Quee Lan Street, #02-08,
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      624 13 THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS Tenor Approximately 2 Years Total Amount Offered SGD 2,300,000,000 Minimum Denomination SGD 1,000 MAS' Intended Tender Amount2 Nil Issue Code NY*****F (Reopened) ISIN Code SG********** Issue Date/Settlement Date 01 September 2014 Maturity Date 01 September 2016 Coupon Rate
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      615 15 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, Cap. 50 AND IN THE MATTER OF RHINE RUHR PROCESS EQUIPMENT (PTE) LTD (“In Members Voluntary Liquidation”) (Company Reg. No: *****4938Z) (“Company”) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act
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  • Page 17 Advertisements
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      59 17 HOT PROPERTY AS N Par k '^W CE Patio/ 1750 ms Reserve Fxr Mr Nature $62K. Owner P t Commun 'ty $t Good cond $4.6KJmmed° Semi-D iT U Ayer 3-Sty /3669 carpark. $sk. Gdn HOUSES FOR RENT Check this and many other properties in The Straits Times Classified now! THE
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      11 17 fi m 2014 2014 awsasi v V*f I i ffeN sgblogawards.omy.sg
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  • EDITORIAL & OPINION
    • Article
      Lock icon US in Iraq: Caution is the watchword
      492 18 EDITORIAL THERE is no doubt that Iraq is facing a major humanitarian catastrophe. Forces affiliated with the radical Sunni group, the Islamic State in Iraq and Syria (ISIS), have seized areas in the north of the country, massacring members of minority religious groups,
      492 words
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      Lock icon World is not falling apart; neither is it unipolar
      765 18  -  THE BOTTOM LINE LEON HADAR Washington Correspondent NOT a day goes by in Washington without a pundit or a politician warning us that the world is coming apart. The tensions on the border between Russia and Ukraine; the disintegration of Iraq
      765 words
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      Lock icon How buyers manage a pricier China
      1350 18  -  More global buyers are working with suppliers of quality to respond to new challenges By NEALE O’CONNOR The writer is founder and director of the China Supplier 1000 Project, a corporate research project surveying strategic and operational risk issues faced by overseas buyers and
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      Lock icon The changing role of the chief risk officer
      947 19  -  They now need strategic oversight, ability to identify emerging problems By FREDERIC BERTHOLON-LAMPIRIS The writer is director of Financial Services Industry at Deloitte Singapore AS RECENTLY as 10 years ago, many organisations considered the chief risk officer (CRO) as someone who was
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      Lock icon Ukraine’s next crisis will be economic disaster
      765 19  -  By ROBERT BENSH The writer is managing director and partner with Pelicourt LLC, a private equity firm focused on energy and natural resources in Ukraine as well as managing shareholder of Leadville Resources. He is also an occasional Oilprice contributor UKRAINE’S next crisis
      PHOTO: AFP  -  765 words
    • Article
      Lock icon The man who blew the whistle
      722 19  -  By JOE NOCERA NYT LATE last month, the Securities and Exchange Commission (SEC) issued an oblique news release announcing that it was awarding an unnamed whistle-blower US$400,000 for helping expose a financial fraud at an unnamed company. The money was the latest whistle-blower award
      NYT  -  722 words
    • Article
      Lock icon How to win back disenchanted investors
      667 19 LETTER TO THE EDITOR IF the recent listlessness of the local bourse is any guide, it cannot be disputed that the “Need to raise confidence in local market” (BT, Aug 18) is a matter of pressing concern. It must however be surprising, if not
      667 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Major China coal port set for record deliveries
      467 20 Qinhuangdao to gain from urbanisation, power demand Bloomb erg [BEIJING] Qinhuangdao, home to China’s largest coal port that’s been called an indicator of Asia’s biggest economy, is set for record commodity deliveries over the next three years as urbanisation boosts demand for
      Bloomberg  -  467 words
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      Lock icon Hamburg port adds jobs as cargo handling hits record levels
      374 20 More employed in handling terminals than in 2008 boom Bloomberg [FRANKFURT] The Port of Hamburg, Germany’s gateway to the Baltics and China, is adding jobs as a surge in sea freight boosted cargo handling to record levels in the first
      Bloomberg; PHOTO: BLOOMBERG  -  374 words
    • Article
      Lock icon Air Namibia seeks ally after stanching loss
      306 20 Bloomberg [JOHANNESBURG] Air Namibia said it’s seeking an international ally as the state-owned carrier makes progress in ending losses, aided by cost cuts, higher ticket prices and the addition of more efficient planes. With the African company breaking even on a monthly basis
      Bloomberg  -  306 words
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      Lock icon Ooi Boon Hoe named new CEO at Jurong Port
      128 20  -  By ANGELA TAN angelat@sph.com.sg JURONG Port, a subsidiary of JTC Corporation, announced yesterday the appointment of Ooi Boon Hoe as its chief executive officer from today. Mr Ooi succeeds Matthew Chan who, having reached retirement age, will assume the position of
      128 words
    • Article
      Lock icon Somali pirate kingpin arrested: security sources
      290 20 Mohamed Garfanji once hijacked giant vessels AFP [MOGADISHU] Somali security forces have arrested one of the country’s most powerful pirate chiefs, who once hijacked giant vessels earning him multi-million dollar ransoms, security sources said. Mohamed Garfanji was seized late on Sunday in the capital
      AFP  -  290 words
    • Article
      Lock icon Himalaya Airlines plans to buy 15 A320 jets
      132 20 Reuters [BEIJING] Himalaya Airlines, a newly formed joint venture between Tibet Airlines and two Nepalese firms, plans to purchase 15 Airbus A320 jets in five years, an executive from Tibet Air said yesterday. Himalaya Airlines, which aims to start operations on Oct
      Reuters  -  132 words
    • Article
      Lock icon Deutsche Bahn unit sues air cargo carriers
      259 20 It claims they fixed shipping prices with surcharges Bloomberg [BROOKLYN] Deutsche Bahn AG’s logistics unit Schenker AG sued Air France-KLM and several other air carriers claiming that they fixed cargo shipping prices with surcharges. Schenker alleged that the companies engaged in a “secret
      Bloomberg  -  259 words
    • Article
      Lock icon TRANSPORT STOCKS
      251 20 SGX '000 Aug 20 S$ +/-Vol Ch Offshore 0.48 -0.01 138 Chuan Hup Hldg 0.30 unch 261 Cosco Corp 0.74 0.01 3918 Cwt Limited 1.73 0.03 2003 Ezra Hldgs 1.14 unch 2380 First Ship Lea 0.10 unch 280 Grand Banks.............unch unch 0 Jaya Hold Ltd Chuan Hup Hldg
      251 words
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      287 20 CRYPTIC CROSSWORD Across 7 Goal is fair (9) 8 Hours to some extent routine (5) 10 Persist in intimidating female (6) 11 Inspector’s needing pass run out! (8) 12 Contemporary comic’s success (4,2) 14 Tasers dispersed protest (6) 16 Area’s vote is for coalition (4) 17 Shy person that works
      287 words
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  • Article
    Lock icon SHIPPING TIMES
    1198 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
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      88 21 Experienced ship maintenance findyou y r I services services wanted, heremthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I IIL UUJIIVLJJ I IIVILJ Shipping Times Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4196 22 Transaction date: Aug 20 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company 20 5.1 A-Sonic Aero Sale 97.5 69 ABR (’000) High Low Buyer Seller Div Gr Yld C'vr Net 153.1
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      Lock icon SGX CATALIST
      469 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 Last Vol Day 1.9 0.7 t Advanced Systems 0.8 unch 6 0.8 0.8 0.8 0.9 15.6 Last Quote Div
      469 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10694 23 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Aloha uncTCI A! Aberdeen Asset Mgt Asia Limited 1.59/ APS Alpha Fund (USD)!* 1.28/ Aberdeen Asset Mat Asia Limited China Opportunities USD!** Global Emerging Markets USD China Opportunities! Global Opportunities USD India Opportunities USD!**
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      Lock icon GLOBALQUOTE
      248 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 $mil Low 5 0.7 OGL Resources A$ A5 +3.8 8 5 5 0.9 1.8 0.8 343 250 TanChongInt HK323 -4 90 325 323 323 326 9.7 3.3 3.2
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      Lock icon SGX ETF
      1101 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 $mil 118 108.3 ABF SG Bond ETF Company 137.6 119 CIMB APAC Div 100S$D 137.6 +1 137.6 137.6 137 138.6 109.9 94 CIMB APAC Div 100US$ US109.9
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      658 24 Aug 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.93 *****.88 *****.72 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****6 Dec14 *****.00 *****.00 *****.00 *****.00 185 ***** MSCI TAIWAN INDEX FUTURES SPOT 338.95 339.77 338.05 Aug14 337.40 339.40 337.30 339.30 ***** *****0 Sep14 337.20
      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 19 Index Change Change Change Change Change Change World Preliminary 1240.4 0.5 4.7 0.5 3.0 0.3 4.3 EAFE Preliminary 964.6 0.7 0.9 0.5 -1.1 0.3 0.2 Europe Preliminary 1368.8 0.6 1.0
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 24 Aug 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.017 5.705 0.699 7.198 56.333 108.729 0.959 9.500 2.941 1.106 93.618 40.702 1.160 9.912 0.846 27.872 29.664 0.559 0.929 Canada 0.983 5.609
      471 words
    • Article
      Lock icon SIBOR
      39 24 Aug 20 (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
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      Lock icon GOVERNMENT SECURITIES
      74 24 Aug 20 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-16 101.07 5-Year NX*****W 2.5 01-Jun-19 105.68 10-Year NY*****H 3.000 01-Sep-24 105.86 15-Year NY*****E 2.875
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    • Article
      Lock icon PRECIOUS METALS
      122 24 Aug 20 GOLD(US$/oz) Aug 20 Aug 19 Hong Kong 1297.00 1305.00 Aug 19 Aug 15 London 1294.60 1304.74 1295.55 1305.46 Source: Thomson Reuters CAST BAR Aug 20 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 311 257 10gm 580 516
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    • Article
      Lock icon PALM OIL
      57 24 Aug 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 2078.0 2054.0 2078.0 2051.0 562 8981 Oct 14 2069.0 2042.0 2071.0 2038.0 6283 ***** Nov 14 2072.0 2049.0 2075.0 2045.0 ***** ***** Dec 14 2090.0 2069.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 24 Aug 20 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1590 1.1604 0.9285 0.9290 Canadian dollar 1.1394 1.1407 0.9132 0.9128 Euro 1.6590 1.6603 1.3291 1.3292 NZ dollar 1.0479 1.0487 0.8395 0.8396 Sterling pound 2.0741 2.0761 1.6617
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Aug 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.187 1.131 Can dollar 1.161 1.117 Euro 1.701 1.620 Sterling pound 2.112 2.031 NZ dollar 1.076 1.035 US dollar 1.272 1.212 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      158 24 Aug 20 $S Offer Bid 0vernight 0.05 0.02 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.02 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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    • Article
      Lock icon CHICAGO BOT
      109 24 Aug 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 14 1120.25 1115.50 1122.50 1106.50 Nov 14 1052.75 1057.75 1057.25 1043.50 Jan 15 1060.50 1066.50 1065.75 1052.50 Mar 15 1068.00 1074.50 1073.75 1060.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 14
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    • Article
      Lock icon LIFFE
      95 24 Aug 19 COCOA (£/tonne) Close Prev High Low Sep 14 2052 2076 2079 2051 Dec 14 2024 2044 2050 2023 Mar 15 1993 2009 2013 1992 May 15 1977 1989 1993 1975 COFFEE(US$/tonne) Close Prev High Low Sep 14 1941 1950 1953 1920 Nov 14 1947 1956 1959 1928
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      956 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 5 0.3 1 -53 3.45 47 Asia-Pacific Strategic W*****6 3.4 unch 6438 1 2 57 Acma Ltd W*****7 Exer Price Ascendas REIT MB eCW*****3 Disc Asiatic Grp(Hldgs) Ltd
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 24 CRUDE OIL PRODUCTS Aug 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.23 0.15 WTI (Near Mth) 94.72 -1.71 Dubai (1-Mth F) 100.35 -0.15 Tapis blend 102.58 -0.76 Minas 98.28 -0.76 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.56 0.34 Jet Kerosene 115.73 -0.11 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      23 24 Aug 20 Aug s$ Bid Offer 1-month 1.2482 1.2491 2-months 1.2482 1.2491 3-months 1.2482 1.2491 6-months 1.2481 1.2490 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 24 Aug-19 Aug-19 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2024.00 2017.75 3 months 2039.00 2019.00 Copper, Grade A(US$/tonne) Cash 6898.50 6943.00 3 months 6867.50 6905.00 Lead(US$/tonne) Cash 2228.75 2203.75 3 months 2226.00 2216.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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  • PROPERTY
    • Article, Illustration
      Lock icon Case of shrinking US mansion roils brokers
      1630 25 Court ruling over China millionaire’s suit could threaten dual-agency deals Bloomberg [LOS ANGELES] Millionaire Hiroshi Horiike has spent two years searching California for a dream home, one grander than any he could find in his native China. After visiting more than 80 properties
      Bloomberg; PHOTO: BLOOMBERG  -  1,630 words
    • Article
      Lock icon Househunt
      778 25 PROPERTY TRANSACTIONS FOR DISTRICTS 2 TO 28 WITH CONTRACT DATES BETWEEN JULY 9 AND JULY 15, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Altez Apt 15/07/2014 99 603 1080 1792 District 3 NON-LANDED Commonwealth Twr Apt
      778 words
    • Article, Illustration
      Lock icon Iloilo beckons – and the migrants flock back
      1240 26 Iloilo beckons and the migrants flock back Sleepy Philippine towns are being transformed with big developments Bloomberg [MANILA] Jennifer Ann Pal-mares-Fong has come home. Fifteen years after leaving Iloilo in the Philippines for the bright lights of Manila, she and her friends have been lured back as her once-quiet hometown
      Bloomberg; FILE PHOTO  -  1,240 words
    • Article, Illustration
      Lock icon Asia-Pac hotel investment hits 5-year high in 2013
      501 27  -  But lower transaction volume expected for S’pore this year By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT @Nisha_BT [SINGAPORE] Investing in Asia-Pacific hotels seemed the thing to do last year, with the hospitality investment market in the region hitting a five-year high on a transaction
      BT Graphics: Ludwig Ilio; Source: Cushman & Wakefield  -  501 words
    • Article, Illustration
      Lock icon GIC launches retail mall in Melbourne CBD
      223 27 Over 200 stores and a food court spread across 48,000 sq m THE retail mall in Melbourne’s central business district (CBD) that GIC Real Estate co-invested with Colonial First State Retail Property Trust Group (CFX), was launched yesterday. Spreading across 48,000 square metres,
      PHOTO: GIC  -  223 words
    • Article
      Lock icon Midtown Manhattan losing rental shine
      692 27 Bloomberg [NEW YORK] The lustre is fading on some of midtown Manhattan’s shiniest skyscrapers. Buildings in Midtown, from 30th Street to Central Park South at 59th Street, have more vacant blocks of contiguous office space than at the height of the recession in 2009, as
      Bloomberg  -  692 words
    • Article
      Lock icon En bloc sales still the way to go: Colliers
      696 28  -  BT understands Tanglin Shopping Centre has a lower S$1b reserve price By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] Collective sales remain a relevant option for property owners to exit from their ageing assets and for developers to replenish their development pipeline, despite
      696 words
    • Article
      Lock icon Buyers abandon homes in China city as prices fall
      256 28 Bloomb erg [SHANGHAI] Falling property prices in China’s eastern city of Wenzhou has triggered 6.4 billion yuan (S$1.3 billion) of bad loans as buyers abandoned homes and stopped making mortgage payments, the Economy Nation Weekly reported. Purchasers of 1,107 properties halted
      Bloomberg  -  256 words
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      Lock icon Page 26 Advertisements Column 1
      180 26 A Property Investment You Can Trust Full Third Party Investment Protection Assets Held In Trust Free Inspection visit Generate Annual Returns The Safe Way Buy-To-Lease Hotel Investment from S$35,000 Choice Of Fixed Hassle-Free Fully Pre-Determined 0% Developer Or Variable Managed By A Exit Strategy Payment Plan Annual Returns Global Brand
      180 words
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      Lock icon Page 26 Advertisements Column 2
      182 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 Call8338 2466/ 9236
      182 words
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      Lock icon Page 26 Advertisements Column 3
      64 26 PRIMELOCATION,DISTINCTIVEBUILDINGANDCENTREOFSPECIALISTS Medical Suites for lease at Orchard Boulevard Prime location in the heart of tourist shopping and prime residential area of Orchard andTanglin Road •Multi-disciplinarymedicalcentrewithover100topspecialists •Radiology&Diagnosticlaboratories •CloseproximitytoGleneaglesandMtElizabethHospitals •AmpleparkingandshuttlebustoOrchardMRT F or l eas i n g en q u i r i es p l ease ca ll Audrey 6434 9808
      64 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      219 27 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
      219 words
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      Lock icon Page 27 Advertisements Column 2
      166 27 FREEHOLD COMMERCIAL STRATA Hid B1 THOMSON IMPERIAL COURT Strata area: 11,011 sqft Tenanted to large supermarket Good rental/low service charge Large catchment area of Thomson Ang Mo Kio Faces main road Suits all trade Walking distance to MRT CEA Accredited Agents welcome Owner; 6476 8886 Wellspring Investments Ltd COMMERICAL space
      166 words
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      Lock icon Page 27 Advertisements Column 3
      207 27 For Sale by Tender jW iTT" 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
      207 words
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