The Business Times, 23 August 2014

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Microfilm: NL33222
Total Pages: 41
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g AUGUST 23-24, 2014 S$1.00 MCI (P) 052/08/2014 SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article, Illustration
    Lock icon European clubs scoring big with Asian sponsors
    611 1  -  New report says such commercial tie-ups are second to broadcast rights as revenue source By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore OME of European football’s biggest clubs are on a relentless quest to penetrate the lucrative Asian market, where they have reaped millions of
    Source: Repucom’s European Football Club Income Stream Report 2013-2014  -  611 words
  • Article, Illustration
    Lock icon More startups choose to start on digital track
    1206 1  -  But having a physical outlet remains an option to showcase unique strengths By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore A BIGGER and more diverse crop of Singapore startups have been taking the digital track to sell their wares instead of setting up brick-and-mortar
    BT Graphics: Jonathan Goh; Source: eMarketer, BCG Singapore, Flipit.com, PayPal  -  1,206 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      47 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-15 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-29 Househunt 30 Real Estate 31 LIVING Style L2-3 Dining L4-7, 12 Design L8-9 Travel L10-11 Health L13 Motoring L14-15 Sports L16
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    • Article, Illustration
      Lock icon Technology to have greater impact on wages, income inequality: PM Lee
      563 2  -  Government has no control over pace of change brought about by competition By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore EVEN as Singapore continues to calibrate its foreign worker inflow, Prime Minister Lee Hsien Loong yesterday said the bigger concern over
      PHOTO: ONG WEE JIN/THE STRAITS TIMES  -  563 words
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,325.50 (+1.41) GSTI FUTURES 3,318.00 (+1.00) HSIMSCI 378.03 (-0.08) GSIMSCI FUTURES 377.80 (+0.20) Friday Change KL COMP 1,870.99 -3.82 NIKKEI 225 15,539.19 -47.01 HANG SENG 25,112.23 +118.13 SET 1,556.97 +5.56 JAKARTA 5,198.90 -7.24 MANILA 7,133.09 +36.60 KOSPI 2,056.70 +12.49 SHENZHEN B 942.51 -1.60 MUMBAI IND 26,419.55 +59.44 12
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.775 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.248 (US$/S$ per 1.659 2.070 EURO (US$/S$/€ 1.329 1.658 Foreign currency per US$ S$ YEN 103.80 83.10 RM 3.160 2.532 HK$ 7.750 6.210 BAHT 31.93 25.59 RUPIAH 11,677 9,357 RENMINBI 6.154 4.931 INDIAN RUPEE 60.49 48.47 A$ 1.073 0.859 NZ$ 1.188 0.952
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    • Article, Illustration
      Lock icon US jobs market still hampered, says Yellen
      767 3 Fed chair calls for cautious approach in determining when rates should rise Reu ters Jackson Hole, Wyoming US labour markets remain hampered by the effects of the Great Recession, and the Federal Reserve should move cautiously in determining when interest rates should rise,
      Reuters; PHOTO: REUTERS  -  767 words
    • Article, Illustration
      Lock icon What’s a startup to do in the digital sphere?
      233 5 Google AdWords Lets you create ads that will appear next to search results when people search for keywords you have selected, allowing you to attract potential customers and drive traffic to your website. YouTube and other video platforms A fun and
      BT graphics: Simon Ang & Jacquelyn Cheok  -  233 words
    • Article, Illustration
      Lock icon Helping the lower-income in their retirement
      842 6  -  One way is to set up a National Savings Plan for them, says ARTHUR LEE SATURDAY SOAPBOX ARTHUR LEE ~arthurl@sph.com.sg PRIME Minister Lee Hsien Loong’s National Day Rally speech last Sunday brought home the importance of retirement planning. Considering Singapore’s ageing population, his message
      PHOTO: YEN MENG JIIN  -  842 words
    • Article, Illustration
      Lock icon Prosecution accuses Kong Hee of controlling all CHC-linked entities
      555 7  -  Minutes of Xtron meeting show Kong being listed as the firm’s ‘invisible’ manager CITY HARVEST TRIAL By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE founder of City Harvest Church had full control over not only the church but also church-linked entities, including
      PHOTOS: WONG KWAI CHOW/THE STRAITS TIMES  -  555 words
    • Article, Illustration
      Lock icon Singapore, Australia to share more jihadi information
      498 7 AFP Singapore AUSTRALIA and Singapore vowed yesterday to enhance intelligence sharing in the face of growing fears about the threat posed by jihadi citizens returning home after fighting in Syria and Iraq. Ministers from both countries warned of the rising risk posed by
      AFP  -  498 words
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      Lock icon Page 3 Advertisements Column 1
      120 3 New Improved: ST)obs.sg Tailor your STJobs homepage for a personalised experience. 'iii|iiii|iiii|ii "I""! 1 Have you seen the new site? STJobs has improved the way you search for jobs online complete with a brand new look. Here are 3 things you should know about the revamped STJobs.sg: 1/ Hfita First
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Beyond borders and gender
      2477 8 / 9  -  Former United Nations High Commissioner for Refugees Sadako Ogata has long belied the cultural template for women in Japan, with an outstanding career record, both internationally and in her home country. By Anthony Rowley By Anthony Rowley I’M interviewing Sadako Ogata, a remarkable woman with an
      PHOTO: PER BODNER  -  2,477 words
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  • COMPANIES
    • Article, Illustration
      Lock icon S$22.1m net loss for FJ Benjamin in FY14
      554 10  -  The group puts this down to a slowdown in luxury spending and rising costs in Singapore By Chan Yi Wen yiwenc@sph.com.sg Singapore FASHION retailer and timepiece distributor FJ Benjamin (FJB) has posted a net loss of S$22.1 million for its financial year
      ST FILE PHOTO  -  554 words
    • Article
      Lock icon CapitaLand Treasury prices S$500m 3.8% fixed-rate notes
      301 10  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore CAPITALAND Treasury Limited, a wholly owned subsidiary of CapitaLand, has priced the offering of S$500 million, 3.80 per cent fixed-rate notes due 2024. This marks the largest single tranche SGD issuance for corporates in 2014. It is
      301 words
    • Article
      Lock icon Sabana Reit may acquire Changi property for S$50m
      281 10  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SABANA Shari’ah Compliant Real Estate Investment Trust (Sabana Reit) is looking to acquire 10 Changi South Street 2 from Adviva Distribution for S$50 million. The total cost of the acquisition is about S$55.1 million, including the
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    • Article
      Lock icon BOC Aviation prices A$125m 6.5-year senior unsecured notes
      209 10  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore BOC Aviation has priced A$125 million (S$145 million) in 6.5-year fixed rate senior unsecured notes due 2021. The notes will bear a fixed interest coupon of 5.375 per annum with interest payable annually in arrears and
      209 words
    • Article
      Lock icon STATS ChipPAC debt rating downgraded by Moody’s
      413 11  -  Drop to Ba2 from Ba1 is due to pressure on profitability but outlook deemed stable By Angela Tan angelat@sph.com.sg Singapore MOODY’S Investors Service yesterday downgraded STATS ChipPAC Ltd’s corporate family rating and senior unsecured debt rating to Ba2 from Ba1. The credit-rating agency
      413 words
    • Article, Illustration
      Lock icon DCG Capital to launch long-only Syariah fund
      487 11  -  By Genevieve Cua gen@sph.com.sg Singapore HOMEGROWN asset management firm DCG Capital will be launching a long-only Syariah compliant fund investing in Asia ex-Japan equities. DCG, founded by fund management veteran Daniel Chan, has partnered Taiwan-based Fortune Capital Management for the fund. DCG will
      BT FILE PHOTO  -  487 words
    • Article
      Lock icon Jasper warns of potential default of US$165m senior bonds
      361 11  -  By Carine Lee carinel@sph.com.sg @CarineLeeBT Singapore THE board of Jasper Investments Limited yesterday warned of the potential breach of financial obligations under the five-year US$165 million senior secured bonds issued by its subsidiary Jasper Explorer plc. The breach could happen as
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    • Article, Illustration
      Lock icon STI rallies for fourth day, but central bankers cloud forecast
      600 12  -  STOCKS Kenneth Lim kenlim@sph.com.sg @KennethLimBT Correspondent SINGAPORE stocks edged higher yesterday as positive US data and merger and acquisition speculation put a spring in the step of traders headed for the weekend. The Straits Times Index added 1.41 points, or
      600 words
    • Article
      Lock icon SGX delisting five GDRs for violating regulations
      212 12  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore THE SGX yesterday announced that it is delisting five Global Depositary Receipts (GDRs) on Aug 28 for violating its listing regulations. The regulator said that these companies were being delisted as they had not paid their annual
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    • Article
      Lock icon TOP 20 ACTIVES
      258 12 VOL CLOSE Singapore eDev 151 V205 0 .3 0 .1 50 .0 Mirach Energy 130 50.0 792 1 9 .4 2 .6 1 1 .8 Weiye 119 Weiye 889 4 .3 0 .6 1 6 .2 Tha i Bev 107 107,251 251 67 .5 0 0.0 .0
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    • Article
      Lock icon STI STOCKS
      117 12 Stock name Close Change Ascendas Reit 2.350 CapitaLand 3.370 +0.040 CapitaMall Trust 2.000 -0.010 CityDev 10.250 +0.080 ComfortDelGro 2.500 -0.040 DBS Grp 17.930 +0.120 Genting Sing 1.240 -0.010 Global Logistic 2.830 +0.030 Golden Agri-Res 0.510 -0.005 HPH Trust USD 0.720 +0.005 HongkongLand USD 6.970 +0.050 JMH 400 USD
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    • Article
      Lock icon TOP GAINERS
      67 12 TOP GAINERS BY CENTS CLOSE UP IS S&P500 ***** 343.2 1.4 DBXT AUDCS 5US$ ***** 131.0 0.5 DBXT Nifty 10US$ ***** 128.5 0.8 DBXT iBoxxSvEu 5US$ ***** 112.3 0.3 DBXT iBoxxKR 5US$ ***** 108.6 0.6 JMH 400 USD 5980 99.8 1.4 DBXT MSKorea 10US$ 6563 96.1 1.2 Lyxor
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    • Article
      Lock icon TOP LOSERS
      59 12 BY CENTS CLOSEDOWN Jardine c&c 4450 -29.0 -0.6 DBXT MSJAP 10US$ 4709 -15.0 -0.3 DBXT S&P Short 10US$ 2345 -12.5 -0.4 Longcheer 20.5 -11.0 -34.9 IS Asia BND 100US 1054 -7.5 -0.6 Sembcorp Ind 507 -6.0 -1.2 SingTel 10 384 -5.0 -1.3 Transit Concrete 45 -5.0 -10.0 Lyxor
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    • Article
      Lock icon Jaya in the red for FY14
      258 12  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore JAYA Holdings (Jaya), which recently completed the sale of its assets, yesterday posted a full-year loss of US$13.8 million for the 2014 financial year, compared to the US$46.1 million made last year. However, Jaya’s profit from discontinued operations
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    • Article, Illustration
      Lock icon Covered bonds from S’pore banks on the cards
      718 13 Sources say lack of clarity over title issues close to being sorted out IFR Singapore THE first covered bond issue from a Singapore bank could finally be on its way as regulators near an agreement to open a market estimated to be
      IFR; ST FILE PHOTO  -  718 words
    • Article
      Lock icon ST Engg in Forbes’ most innovative companies list
      177 13  -  By Angela Tan angelat@sph.com.sg Singapore ST ENGINEERING is the only company in Singapore to make it to Forbes list of “The World’s Most Innovative Companies”. The Singapore-listed defence-re-lated group is ranked 87 out of 100 companies globally, and boasts of an Innovation
      177 words
    • Article
      Lock icon Boost for Genting HK from disposal, associates
      174 13  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore GENTING Hong Kong yesterday announced firsthalf net profit of US$216.9 million, 9.3 times the previous corresponding period’s US$23.4 million. A gain of US$152.6 million from the disposal of certain ordinary shares in its Norwegian Cruise Line Holdings
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      31 12 4Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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  • SINGAPORE
    • Article
      Lock icon RSA selling S’pore, HK units for £130m
      392 14  -  Move seen as part of UK insurer’s effort to rebuild balance sheet following an accounting scandal in Ireland By Claire Huang huangjy@sph.com.sg @ClaireHuangBT BRITAIN’S RSA Insurance Group is selling its Singapore and Hong Kong insurance businesses to Switzerland-based Allied World Assurance Co Ltd
      392 words
    • Article
      Lock icon New energy labels to be used from Sept 1
      375 14  -  By Cai Yong caiyong@sph.com.sg THE revised energy-conserva-tion labels stuck on household appliances will replace the older labels come Sept 1. The National Environment Agency (NEA) had announced these new labels in March to reflect today’s higher standards of energy efficiency and
      375 words
    • Article, Illustration
      Lock icon Changi passenger traffic up in July
      251 14 SINGAPORE Changi Airport handled some 4.58 million passengers in July 2014, an increase of one per cent from a year ago. Flight movements dipped 2.6 per cent to 28,200. Changi Airport said passenger traffic in July was supported by an increase in air travel
      FILE PHOTO  -  251 words
    • Article
      Lock icon Cluster home projects to have fewer units
      579 15  -  Property consultants say this tweak to URA’s guidelines will lower the appeal of strata-landed sites for developers By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT THE Urban Redevelopment Authority (URA) has fine-tuned its guidelines for cluster housing to address growing concerns of overcrowding in some landed
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    • Article
      Lock icon Pickup seen in July industrial output: poll
      192 15 Reuters Singapore SINGAPORE’S industrial production in July likely posted its first month-on-month rise since March, a Reuters poll showed yesterday, adding to signs that manufacturing activity may have bottomed out after weakening in the second quarter. Manufacturing output likely rose 2 per cent
      Reuters  -  192 words
    • Briefing
    • Article
      Lock icon Rajaratnam School dean to step down
      402 15  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT AMBASSADOR Barry Desker has announced that he will step down from his current post as dean of the S. Rajaratnam School of International Studies (RSIS) in November. Speaking at the school’s alumni dinner yesterday, the current non-resident ambassador of
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      Lock icon Page 16 Advertisements Column 1
      32 16 Download Our Apps: Follow Us: Awarded Silver, General Website (Employment) W3 Awards 2013 STJobs.SG STJobsSG A product of SPH, Singapore’s trusted media group. At STJobs.sg, your ideal job isn't hard to find.
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  • WORLD
    • Article
      Lock icon Japanese firms reel under labour crunch
      703 17 Manpower shortage has pushed up hiring costs and is starting to eat into profits Reuters Tokyo SOME 60 per cent of Japanese firms hit by a pervasive labour shortage that is pushing up hiring costs and starting to eat into profits are finding it
      Reuters  -  703 words
    • Article, Illustration
      Lock icon US-based economist likely to join Modi’s government as chief economic adviser
      532 17 Reuters New Delhi US-BASED economist Arvind Subramanian is poised to be named as chief economic adviser to Indian Prime Minister Narendra Modi’s government, two sources at the finance ministry said yesterday. If confirmed, the appointment would bring a second
      Reuters; BT FILE PHOTO  -  532 words
    • Article
      Lock icon Market makers for China’s New Third Board
      516 18 Such operators boosting interest in OTC exchange but analysts warn of risks Reuters SHANGHAI CHINESE brokerages will start making markets next week on China’s New Third Board, its leading over-the-counter (OTC) exchange but one long derided as a dead-end market populated by small
      Reuters  -  516 words
    • Article, Illustration
      Lock icon Malaysians mourn MH17 victims
      363 18 AFP KUALA LUMPUR BLACK-CLAD Malaysians observed a minute of silence and a nationwide day of mourning yesterday as the first remains of the country’s 43 citizens killed in the MH17 disaster returned home. People across the country of 28 million went silent at 10:55am, about an
      AFP; PHOTO: AFP  -  363 words
    • Article, Illustration
      Lock icon Renowned yoga guru BKS Iyengar dies at 95
      281 18 AFP NEW DELHI BKS Iyengar, the yoga guru who helped take the ancient Indian spiritual practice to the rest of the world in a big way, died on Wednesday aged 95, his website said. He started his yoga school in 1973 in
      AFP  -  281 words
    • Article, Illustration
      Lock icon US banks getting ‘discounts’ for billion-dollar penalties
      929 19 BOA likely to pay just US$1 2b of US$1 6.65b fine for shoddy mortgages NYT NEW YORK THE Justice Department says it has recovered nearly US$37 billion from big banks for their role in selling shoddy mortgages before the financial crisis. Such a
      NYT; PHOTO: BLOOMBERG  -  929 words
    • Article
      Lock icon Citi blocked from hedge fund sales
      197 19 Reuters LONDON CITIGROUP Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the US Securities and Exchange Commission (SEC), The Wall Street Journal reported. The bank
      Reuters  -  197 words
    • Article, Illustration
      Lock icon Buffett’s growing pains with compliance
      601 20 Berkshire Hathaway fined for missing filing deadlines, among other slip-ups Bloomberg New York THE world’s greatest investor could use some help with record-keeping. In the past two weeks, Warren Buffett’s Berkshire Hathaway said it missed filing deadlines for investments in Dow Chemical and wallboard maker
      Bloomberg; PHOTO: BLOOMBERG  -  601 words
    • Briefing
      • Article
        Lock icon HSBC head warns Scotland of capital flight
        112 20 AFP London THE chairman of banking giant HSBC yesterday warned that uncertainty over the economic future of Scotland could lead to “capital flight” if it votes to leave the United Kingdom next month. Writing in British daily The Telegraph, HSBC head Douglas Flint
        AFP  -  112 words
      • Article
        Lock icon Indonesia mulls cutting insurers’ foreign stake
        95 20 Reuters Jakarta INDONESIAN lawmakers are looking into the possibility of reducing the stake that foreign investors are allowed to hold in local insurers, the latest move towards more nationalistic policies in South-east Asia’s biggest economy. Foreign investors are currently allowed to own up to
        Reuters  -  95 words
      • Article
        Lock icon China manufacturers fall behind on payments
        107 20 Reuters Beijing MORE Chinese manufacturers are falling behind on their payments as economic growth falters, causing accounts receivable to spike 1.1 trillion yuan (S$223 billion) in the first six months from the year-ago period, the government said yesterday. The Ministry of Industry and Information
        Reuters  -  107 words
      • Article
        Lock icon China retailer offers insurance for milk powder
        100 20 Reuters Hong Kong A CHINESE retailer is offering insurance to customers who buy infant milk powder, highlighting the lengths to which companies are going to address concerns about food safety in China. Suning Commerce Group Ltd, which owns the Redbaby chain of stores,
        Reuters  -  100 words
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      Lock icon Page 19 Advertisements Column 1
      49 19 HOT PROPERTY ™8s? 0 3^ N f /n C0 L KTI0N. Spacious layout" 0 111 0 m. L h1VT fh 980 Holland V MRT/ Pri.Sl.68M W APARTMENTS FOR SALE Check this and many other properties in The Straits Times Classified now! THE STRAITS TIMES CLASSIFIED -BUY IT-SELL IT-FIND IT-
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8229 21 Transaction date: Aug 22 Transaction date: Aug 22 Transaction date: Aug 22 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13 10.4 8Telecom 11.9 10.7 13 6.3 1 15.5 57 20 5.1 A-Sonic
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    • Article
      Lock icon SGX CATALIST
      2096 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32.5 25 t 3Cnergy 500 29.5 29.5 30 35.4 28.5 22 t 800 Super 26.5 unch 120 26.5 26.5 26 27 3.2 3.8 8.3 47.4
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 4 0 0 0 8 3 4 Manufacturing 49 43 43 9 7 9 58 50 52 Commerce 28 14 22 6 6 3 34 20 25 Tpt/Stor/Comms 12 21 7
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      796 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 18 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) First Sponsor 21-Aug-14 Ho Han Leong Calvin *Buy 108 1.28 *****4 44.30 *****2 44.40 Auric Pacific 20-Aug-14
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,087 29,087 93,483 93,483 Manufacturing 313,762 51,382 365,144 185,787 3,377 189,164 Commerce 49,885 52,897 102,782 59,746 4,495 64,240 Tpt/Stor/Comms 62,158 7,671 69,829 98,491 1,300 99,791 Finance 26,300 525 26,825 163,172 132 163,304 Construction 32,890 174,059
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Aug 21 COCOA (£/tonne) Close Prev High Low Sep 14 2052 2068 2074 2051 Dec 14 2018 2036 2045 2016 Mar 15 1990 2003 2012 1988 May 15 1978 1986 1995 1976 COFFEE(US$/tonne) Close Prev High Low Sep 14 1982 1964 1988 1969 Nov 14 1988 1969 1993 1974
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    • Article
      Lock icon METALS
      66 25 Aug 22 GOLD(US$/oz) Aug 22 Aug 21 Hong Kong 1286.00 1287.00 Aug 21 Aug 20 London 1277.03 1293.80 1277.57 1294.32 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.63 23.86 Source: UOB PLATINUM Lon (US$/oz) Aug 21 Close Previous PM Fix 1419.00 1428.00 AM Fix 1424.00 1432.00 Source:
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    • Article
      Lock icon PALM OIL
      57 25 Aug 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 2063.0 2021.0 2063.0 2020.0 1237 8178 Oct 14 2040.0 1993.0 2042.0 1985.0 7102 ***** Nov 14 2043.0 1999.0 2044.0 1989.0 ***** ***** Dec 14 2060.0 2023.0
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      Lock icon GOVERNMENT SECURITIES
      82 25 Aug 22 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-16 101.05 101.11 101.10 5-Year NX*****W 2.5 01-Jun-19 105.57 10-Year NY*****H 3.000 01-Sep-24 105.82 105.90
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Aug 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1634 1.1636 0.9323 0.9324 Canadian dollar 1.1396 1.1402 0.9137 0.9132 Euro 1.6581 1.6583 1.3287 1.3288 NZ dollar 1.0500 1.0504 0.8414 0.8417 Sterling pound 2.0699 2.0704 1.6587 1.6590
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Aug 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.189 1.133 Can dollar 1.162 1.118 Euro 1.697 1.617 Sterling pound 2.110 2.029 NZ dollar 1.073 1.032 US dollar 1.274 1.214 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article
      Lock icon CHICAGO BOT
      105 25 Aug 21 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 14 1136.25 1119.75 1140.00 1119.75 Nov 14 1038.25 1038.00 1047.00 1035.00 Jan 15 1045.25 1045.75 1054.75 1042.50 Mar 15 1052.25 1052.50 1062.00 1049.75 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Sep 14 32.78 32.86 33.33
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      Lock icon STOCK MARKETS
      2 25
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    • Article
      Lock icon OIL
      68 25 Aug 21 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 101.93 0.27 WTI (Near Mth) 96.40 0.26 Dubai (1-Mth F) 99.85 -0.84 Tapis blend 102.66 -0.92 Minas 98.66 -0.62 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.33 -1.00 Jet Kerosene 114.95 -0.65 US$/barrel OpecOil Basket Price 99.03
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      Lock icon LONDON METALS
      72 25 Aug 21 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2050.25 2064.00 3 months 2059.00 2076.00 Copper, Grade A (US$/tonne) Cash 7037.00 7036.50 3 months 7015.00 7010.00 Lead (US$/tonne) Cash 2255.00 2261.00 3 months 2247.00 2259.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 21 Index Change Change Change Change Change Change World Preliminary 1248.1 0.4 5.4 0.3 3.7 0.3 4.8 EAFE Preliminary 970.2 0.6 1.5 0.5 -0.6 0.5 0.5 Europe Preliminary 1376.3 0.7 1.6
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  • PERSPECTIVE
    • Article
      Lock icon The fire of learning in universities is dimming
      983 26 / 27  -  Tuition fees have created a culture where getting a degree is an economic transaction. By Alister Scott ~The writer is professor of environment and spatial planning at Birmingham City University, UK The Conversation IN the current rush to achieve the highest student
      The Conversation  -  983 words
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      Lock icon Inoki – an unconventional ‘ambassador’ to North Korea?
      902 26 / 27  - Inoki an unconventional ‘ambassador’ to North Korea? LETTER FROM TOKYO By Anthony Rowley IN diplomacy, “the most important thing is trust”, a Japanese politician declared this week in relation to Japan’s relations with North Korea a statesman-like utterance which might have come from Foreign Minister Fumio Kishida or even Prime
      PHOTO: AFP  -  902 words
  • Page 26 / 27 Miscellaneous
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      313 26 / 27 SATURDAY with Ludwig I just got an LOL! message.’ CRYPTIC CROSSWORD Across 1 Messy sort runs when brush is around (6) 4 A detective force in charge is sharp (6) 8 Wood that can make wind instrument and timber (8) 10 A sign of ignorance like this clue! (6) 11
      313 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Balance in bearing risk and reaping returns
        983 28 / 29  -  Here are five strategies to help financial advisers add more value for clients WEALTH INSIGHTS Madeline Ho Natixis Global Asset Management The writer is the managing director, head of Wholesale Fund Distribution in the Asia-Pacific. Evolving, volatile markets with heightened event risks are
        PHOTO: BLOOMBERG  -  983 words
      • BROKERS’ TAKE |
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          329 28 / 29 Hold CIMB Research Aug 22 Close: S$2.76 Bloomberg reported that OCBC, Great Eastern (GE) and the bank’s founding Lee family are in talks to sell their stakes in UEM to Thai billionaire Charoen Sirivadhanabhakdi. OCBC and GE have confirmed that they are in preliminary discussions for the sale
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          Lock icon Genting Singapore
          393 28 / 29  -  Compiled by Kenneth Lim Buy Deutsche Bank Aug 22 Close: S$ 1.245 Although Genting Singapore’s Q2 underlying gaming volume met our expectation, the market was spooked by the surge in bad debt provision and risk of further provision given its dominance in the VIP market. We have cut
          393 words
    • WEALTH REAL ESTATE
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        Lock icon US home flipping wanes as price gains slow
        250 30 Almost 31,000 single-family houses flipped in the second quarter Bloomberg months of 2012, when prices bottomed after the crash, according to the Irvine, California-based data company, which defines a flip as a property sold within 12 months of purchase. Property investors are
        Bloomberg  -  250 words
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        760 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS 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 10/07/2014 99
        760 words
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        Lock icon GCB market stirring from slumber
        558 31 Deals worth S$1 25.5 million so far this quarter is a marked improvement from the S$82 million in Q2 this year AFTER a quiet second quarter, the Good Class Bungalow (GCB) market has been stirring this quarter, with at least five transactions so far. The
        558 words
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        Lock icon Riskier London offices fetch higher prices
        427 31 Bloomberg London CENTRAL London office buildings considered to be riskier bets are commanding higher prices as a shortage of properties available to lease sends rents soaring. Office buildings where leases are close to expiring rose 19.6 per cent in value in the year till
        Bloomberg; PHOTO: BLOOMBERG  -  427 words
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      34 28 / 29 ~The Natixis Global Asset Management Financial Advisors Survey is a global study conducted by CoreData in September 2013. About 1,300 financial advisers across the globe were involved; the Singapore survey involved 150 financial advisers.
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      65 28 / 29 Disclaimer: All analyses, recommendations and other information herein are published for general information. Readers should not rely solely on the information published and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information
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      94 32 AUDEMARS PIGUE1 BOUTIQUE MARINA BAY SANDS OPENING SEPTEMBER s m a*’. s TV A- ■vV W!'“ 3M R (r m #r .•> '-r -AT 91 *o» i m \j T#. T r. THE jh< XsS'^“* V* SvJ\ YOU MUST FIRST M T »WX sr.TVf»gw£& iW i -V 'X (h-;- J,
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      54 1 LivingBTTHE BUSINESS TIMES WEEKEND AUGUST 23-24 2014 DINING Something old, something new L4-6 BLOOMING BUSINESS Growing demand for bespoke flower arrangements L2-3 TRAVEL Beyond wine L10-11 PHOTO: HU.EY DESTINATION DINING Cooking up a storm in Penang L12 MOTORING Pretty little Mazda L15 DESIGN Winning ideas L8-9 SPORTS Plotting the return
      54 words
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  • Living
    • STYLE
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        Lock icon Blooming business
        1791 2 / 3  -  Used to buying flowers on-line? That may change. Tay Suan Chiang meets a few creative florists catering to a growing demand for bespoke flower arrangements Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT BESPOKE is the new buzzword for all who seek an alternative to mainstream retail. Even as people opt
        PHOTO: ONE OLIVE; PHOTOS: YILIAN NG; PHOTOS: HU.EY; PHOTOS: FLOWER GIRL  -  1,791 words
    • DINING
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        Lock icon Something old, something new
        2721 4 / 5  -  With new restaurants sprouting up on a daily basis in Singapore, some restaurant operators are pacing their expansion by providing a dose of familiarity among innovative new offerings. Debbie Yong and Georgine Verano look at restaurant offshoots that offer something ‘same same, but different’ By Debbie
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        Lock icon Other spin-offs on the way
        347 6  -  By Debbie Yong debyong@sph.com.sg @DebbieYongBT THE Les Amis group is on a roll. The local F&B group is slated to open five new outlets by year-end, including two brand new concepts. The first is Spanish restaurant, Terry’s, which will open in October in a 1,200
        347 words
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        Lock icon Oh, my sweets
        761 7  -  A three-day pastry extravaganza at MBS is bound to satisfy those with a sweet tooth. By Debbie Yong By Debbie Yong debyong@sph.com.sg@DebbieYongBT Fantasia by Escriba Sands Expo and Convention Centre YOU can smell it before you see it. As masked courtiers in the darkened entryway beckon you
        PHOTOS: CARLOS ALLENDE PHOTOGRAPHY  -  761 words
    • DESIGN
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        Lock icon Winning ideas
        820 8 / 9  -  What do an electric wine decanter, a cardboard foosball table, and a waffle maker have in common? They are among the winners at this year’s Red Dot Product Design Award, one of the most renowned design competitions in the world. By Tay Suan Chiang By Tay Suan Chiang
        820 words
    • TRAVEL
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        Lock icon Beyond wine
        860 10 / 11  -  Urban rejuvenation since the 1970s has transformed the French city of Bordeaux into more than just a wine destination. By Daven Wu By Daven Wu IT’S afternoon in the comforting gloom of the Roman-inspired spa at the Grand Hotel de Bordeaux Spa. Lined with dark tiles, the bijou
        PHOTOS: DAVEN WU  -  860 words
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        Lock icon Staying amid plush velvets, silks
        179 10 / 11 FIRST-TIMERS to Bordeaux could do worse than to immediately base themselves at the 130-room Grand Hotel de Bordeaux Spa. The only five-star hotel in town, it was built in the late 18th-century by Victor Louis, the same architect who designed the equally grandiose Grand Theatre,
        179 words
      • Article
        Lock icon wine&dine
        796 10 / 11 with BTWeekend Marina Mandarin Singapore 6 Raffles Boulevard Formula One Celebrations at Marina Mandarin Get in the heat of the Formula One Singapore Grand Prix and host your event in style at our dedicated suite or private function room from Sept 19 to 21. Choose between the Hospitality Suite
        796 words
    • DESTINATION DINING
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        Lock icon Cooking up a storm in Penang
        950 12  -  Georgetown Festival opens doors for Singapore chefs and F&B owners to sate the local palate. By Rachel Loi By Rachel Loi rachloi@sph.com.sg @RachelLoiBT PENANG’S reputation for food and its buzzing arts scene has made it the latest playground for Singaporeans looking for a quick
        950 words
    • HEALTH
      • Article, Illustration
        Lock icon Testing options for heart problems
        1457 13  -  There are now safer alternatives to the old gold standard, invasive coronary angiography Michael Lim ~Dr Lim is the medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia, a journal of the British Medical Journal Publishing Group; he chairs
        FILE PHOTO  -  1,457 words
    • MOTORING
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        Lock icon MACAN MAGIC
        648 14  -  The Porsche Macan with a 2.0-litre engine is currently one of the most popular Cat B models. By Samuel Ee By Samuel Ee samuelee@sph.com.sg LOOK no further than the Porsche Macan if there is still any doubt that Category B COE premiums will continue to stay firm in
        648 words
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        Lock icon Pretty little Mazda
        659 15  -  The new Mazda2 gets neat styling and a fuel-efficient powertrain. By Samuel Ee samuelee@sph.com.sg THE latest Mazda2’s sharp styling is a reflection of the Japanese carmaker’s newfound confidence as it puts years of losses behind it and embraces profitability with yet another new model. The small hatchback
        659 words
    • SPORTS
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        Lock icon Plotting the return of Scottish football
        1024 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent WHEN it comes to the popularity and standard of football in the United Kingdom, Scotland plays second fiddle to England, and understandably so. The game in Scotland has long been in a state of disarray, with
        PHOTOS: SPFL  -  1,024 words
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      73 7 ~Fantasia by Escriba runs from 22-24 Aug at the Marina Bay Sands Convention Centre, Halls A and B. Tickets priced at S$88 for children aged 12 and below and at S$128 adults for both showcases from 11am to 3pm and 5pm to 9pm on Saturday and Sunday. Midnight Fantasia, an
      73 words
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      31 13 This series is brought to you by Heart, Stroke and Cancer Centre. It is produced on alternate Saturdays. ~To read more of Dr Lim’s previous health-related articles, please visit: http://www.btinvest.com.sg/ specials/shscc
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