The Business Times, 26 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 Tuesday, August 26, 2014
    25 words
  • Article, Illustration
    Lock icon Deal brewing for Straits Trading Building
    688 1  -  Price may be slightly over S$2,800 psf, highest for an office block in six years By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] Amid the quiet investment sales market this quarter, a major office deal is brewing. Advanced discussions are believed to be going on for
    PHOTO: ARTHUR LEE  -  688 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,330.28 (+4.78) GST INDEX FUTURES 3,330.00 (+12.00) GSIMSCI 378.42 (+0.38) GSIMSCI FUTURES 378.90 (+1.10) US$ S$ US$ (S$ per US$) 1.251 (US$/S$ per 1.657 2.072 EURO (US$/S$/€ 1.319 1.650 Foreign currency per US$ S$ YEN 104.10 83.20 RM 3.164 2.529 HK$ 7.750 6.196 BAHT 32.00 25.58 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,862.31 -8.68 NIKKEI 225 15,613.25 +74.06 HANG SENG 25,166.91 +54.68 SET INDEX 1,563.13 +6.16 JAKARTA COMP 5,184.96 -13.94 MANILA COMP Closed SEOUL COMP 2,060.89 +4.19 SHENZHEN B 935.72 -6.78 MUMBAI IND 26,437.02 +17.47 12 noon EDT Change DOW 17,113.97 +112.75 NASDAQ 4,567.13 +28.58
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE MALAYSIA MALAYSIA HONG KONG HONG KONG INDONESIA INDONESIA 14.841 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 INDIA 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon Surprise drop in July CPI; core inflation still high
    840 1  -  Low reading due to a drop in car prices and the stabilising of accommodation costs By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Forget the tame headline number Singapore’s core inflation story is still a concern. While consumer price inflation eased further to
    Source: Department of Statistics  -  840 words
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      99 1 PROPERTY Shangri-La to have 10 hotels under new ‘Jen’ brand PAGE 28 BUILDING GLOBAL COMPANIES Nautic Group poised for expansion PAGE 9 COMPANIES SGX to cut board lot size from Jan 19,2015 PAGE 5 TELCO M1 is first telco here to go counter-less PAGE 10 RICHARD IVIILLE A RACING MACHINE
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  • TOP STORIES
    • Article, Illustration
      Lock icon Proposal to launch scheme integrating work and study
      725 2  -  Recommendations plan to develop multiple pathways for students Polytechnics and ITE Review By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] The committee set up to help polytechnic and Institute of Technical Education (ITE) graduates get the right jobs and move up the career ladder
      725 words
    • Article
      Lock icon Big firms laud scheme to give poly, ITE students job exposure
      585 2  -  Programme similar to those in Germany and Switzerland By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] Some of Singapore’s biggest employers have embraced the proposal to roll out a place-and-train programme for polytechnic and Institute of Technical Education (ITE) graduates to
      585 words
    • Article, Illustration
      Lock icon Economists mixed over impact of household debt on private consumption
      639 2  -  Some see moderating consumption as a ‘healthy correction’ By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] Private consumption is losing steam amid rising household debts and waning home equity something that economists can agree on. But how severe private consumption will be
      Source: CEIC, Citi Research  -  639 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      482 2 Surprise drop in July CPI; core inflation still high WHILE consumer price inflation eased further to 1.2 per cent in July core inflation crept up to 2.2 per cent on the back of higher services inflation. FRONT PAGE Deal brewing for Straits Trading Building ADVANCED talks are understood
      482 words
    • Article, Illustration
      Lock icon MAS mulling over job cuts, order review, new CEO
      720 4 Proposals said to include laying off 3,000-4,000 staff, cutting some routes Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd is considering job cuts, a review of aircraft orders and replacing its chief executive officer after the national carrier suffered two disasters this
      Bloomberg; PHOTO: BLOOMBERG  -  720 words
    • Article
      Lock icon Rise in global trade to benefit Singapore most, says S&P
      644 4  -  Asian nations still very dependent on exports to advanced economies By ANTHONY ROWLEY in Tokyo HIGHLY trade-dependent Singapore stands to benefit more than any other Asian economy should a US-led increase in global trade occur this year, according to an
      644 words
    • Article, Illustration
      Lock icon Singaporeans step up in paying their taxes
      293 4  -  Tax arrears reach record low, on-time filing rates improve By KENNETH LIM kenlim@sph.com.sg @KennethLimBT [SINGAPORE] Singapore taxpayers are now better than ever at paying their taxes as tax arrears hit a record low and on-time tax filing rates improved. Overdue or unpaid taxes
      Source: IRAS  -  293 words
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      219 3 .as i. r—--J :-==n:r.. eagd -=5* I iirjsr;-- -t r ~I7 S'— v <.1 i. 3rr! CvrA- '--i y\ r« -it i i.Sl--■wy -J.S i O I h ‘tvyJ 2 2S a»n MORE SPACE. ALL LOXDRY. THE LEXUS ES. THE ESSENCE OF LUXURY. Experience absolute comfort anywhere you go with
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      232 4 SINGAPORE’S BIGGEST IT. AND CONSUMER ELECTRON^^^WTION comex CONNECTS YOU TO TECHNOLOGY FREE 28-31 AUG 2014 SUNTEC T/ o r£: evels486 IADMISSI 12pm 9pm EXPECT SOMETHING NEW AT <^^EX TECH SHOWCASE See, touch and feel the latest tech products! Visit the showcase on Level 4 for more. ABOVE AND BEYOND. Join
      232 words
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  • COMPANY NEWS
    • Article
      Lock icon SGX to cut board lot size from Jan 19 next year
      721 5  -  Change will impact minimum number of shares investors can apply in an IPO B y ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT MARK this date Jan 19, 2015. That’s when retail investors will be able to start buying securities listed on the
      721 words
    • Article
      Lock icon Interra Resources paying less for proposed acquisition
      203 5  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT THE purchase price for PT Benekat Barat Petroleum (BBP), which Interra Resources’ wholly owned subsidiary Goldwater Indonesia (GII) is acquiring, has been lowered to US$60 million from the original price of US$78.5 million. Interra Resources said in September
      203 words
    • Article, Illustration
      Lock icon S’pore eDev’s former unit fails to stop S$4.2m claim
      350 5  -  By KENNETH LIM kenlim@sph.com.sg @KennethLimBT SINGAPORE eDevelopment’s old business continues to cast a shadow on growth plans, with news on Monday that a former subsidiary failed to stop a S$4.2 million claim from a previous client. Singapore eDevelopment, the property developer
      ST FILE PHOTO  -  350 words
    • Article, Illustration
      Lock icon Starburst expects big rise in Middle East revenue
      604 7 Builder of shooting ranges cites surge in defence spending after Arab Spring Bloomberg [SINGAPORE] Starburst Holdings Ltd, a Singaporean builder of shooting ranges, expects revenue to rise fivefold as Middle East defence spending surges following the Arab Spring uprisings. The company is
      Bloomberg; ST FILE PHOTO  -  604 words
    • Article
      Lock icon S&P upgrades rating of CapitaCommercial Trust
      502 7  -  Financial strength, stable performance prompt ‘A-‘ rating BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrie|BT HAVING reassessed CapitaCommercial Trust’s (CCT) appetite for expansion and discipline in using debt to fund new investments, and given its stable business performance, Standard Poor’s has raised its long-term rating to ‘A-’
      502 words
    • COMPANY BRIEFS
      • Article
        Lock icon Taiwan’s KGI buying AmFraser Securities
        68 7 TAIWAN’S KGI Securities plans to acquire stockbroker AmFraser Securities for S$38 million. The sale and purchase agreement, signed on Monday between KGI’s wholly owned KGI Asia (Holdings) and AmFraser International, will enable KGI Securities a wholly owned securities division of Taiwan Stock Exchange-listed China Development
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      • Article
        Lock icon Manhattan requests trading halt
        37 7 MANHATTAN Resources has requested a trading halt on Tuesday pending an announcement. On Monday, the firm announced some revisions to its conditional agreement with the vendors to acquire Singxin Resources for S$1 billion.
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    • Article
      Lock icon Asean CIS framework launched
      588 8  -  Singapore, Malaysia and Thailand now have access to a cross-border ‘funds passport’ By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT THE plan to allow fund managers based in Singapore, Malaysia and Thailand to carry out cross-border selling of mutual funds or unit trusts across the three markets made significant
      588 words
    • Article, Illustration
      Lock icon UE said to be in final stages of Wearnes Auto sale
      445 8  -  Property company is itself in play, divesting its non-core assets By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT AFTER looking for some time for the right buyer, property and engineering conglomerate United Engineers (UE) is reportedly close to selling its automotive business,
      445 words
    • Article, Illustration
      Lock icon UOB scores in cash management
      424 8  -  By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT UNITED Overseas Bank (UOB) has been stepping up its transaction banking offerings, in particular cash management services. In the past 12 months, UOB’s transaction banking unit reported a 28 per cent year-on-year increase in revenue in the first half
      BT FILE PHOTO  -  424 words
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      146 5 MEDICAL FAIR ASIA 2014 10 th International Exhibition on Hospital, Diagnostic, Pharmaceutical, Medical Rehabilitation Equipment Supplies MEDICAL FAIR ASIA 9-11 Sept 2014 Suntec Singapore Levels 3 4 A A r. a DISCOVER A WORLD OF MEDICAL INNOVATIONS FROM.. 700 leading companies from around the world 15 National Group Pavilions from
      146 words
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      145 5 HODC mmmmm Messe Miinchen International http://electronicasia.com A* n ft v. 'V y COMPONENTS ASSEMBLIES PRODUCTION DISPLAY TECHNOLOGY SOLAR PHOTOVOLTAIC electronicAsia 2014 Approved Event 13-16 October 2014 Hong Kong Convention and Exhibition Centre In conjunction with HKTDC Hong Kong Electronics Fair (Autumn Edition) Real Business through Global Marketplace Near 600 exhibitors
      145 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI inches up as region trades mixed
      571 6  -  Property stocks among gainers amid signs of policy easing in some Chinese cities STOCKS CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent THE Singapore market inched up again on low volume on Monday, with the benchmark Straits Times Index (STI) up just 4.78 points, or 0.14
      Source: Bloomberg  -  571 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 6 Aug 25 VALUE CLOSE BT OB/OS 125.00-150.00 BT CADI -*****.00 -37.00 BT 10-day MA -*****.00 +12.00 FTSE ST Mid Cap 779.16 -0.26 FTSE ST Small Cap 555.73 -0.38 FTSE ST All Share 810.19 +0.81 FTSE ST China Top 198.96 +0.10 FTSE ST China 229.86 +0.16 FTSE ST
      76 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 4 4 0 0 0 5 4 4 Manufacturing 38 53 43 7 10 7 45 63 50 Commerce 17 23 21 5 2 7 22 25 28 Tpt/Stor/Comms 12 19 12
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      900 6  -  Compiled by KENNETH LIM RH Petrogas Aug 25 close: S$0.79 DMG PARTNERS, Aug 25 ON Aug 4, 2014, Fosun International Ltd made an A$474 million (S$551 million) all-cash offer for Roc Oil, which was accepted by management. Roc Oil’s asset portfolio includes producing areas in China, Australia and
      Source: Bloomberg  -  900 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 7,536 7,536 33,681 33,681 Manufacturing 179,107 77,921 257,028 76,755 4,038 80,793 Commerce 93,370 36,644 130,014 44,153 2,730 46,883 Tpt/Stor/Comms 86,216 21,318 107,534 81,291 3,683 84,974 Finance 27,656 517 28,173 200,862 137 200,999 Construction 19,067 71,574
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      119 6 Stock name Close Change Ascendas Reit 2.340 -0.010 CapitaLand 3.370 CapitaMall Trust 1.995 -0.005 CityDev 10.330 +0.080 ComfortDelGro 2.540 +0.040 DBS Grp 17.950 +0.020 Genting Sing 1.235 -0.005 Global Logistic 2.830 Golden Agri-Res 0.510 HPH Trust USD 0.715 -0.005 HongkongLand USD 7.010 +0.040 JMH 400 USD
      119 words
    • Article, Illustration
      Lock icon Greenback surges after Yellen speech
      452 6 CURRENCIES AFP [TOKYO] The US dollar surged on Monday as investors bet on a US rate hike sooner rather than later, following a speech by Federal Reserve chief Janet Yellen. The greenback rose to 104.18 yen –its highest level since January from 103.87 yen in
      AFP; PHOTO: BLOOMBERG  -  452 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Weiye 75,011,000 IHC 68,253,000 Artivision Tech 66,812,000 Singapore eDev 61,249,000 Golden Agri-Res 54,611,000 Jasper Inv 50,272,000 Digiland Intl 39,050,000 MDR W*****5 32,536,000 Vibrant Group 32,117,000 Blumont 30,631,000 VALUE($) OCBC Bank 88,067,490 DBS Grp 45,319,892 UOB 41,756,164 CapitaLand 34,315,910 SingTel 33,062,930 Global Logistic 31,775,380 Golden Agri-Res 27,843,975
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    • Article
      Lock icon RISES
      119 6 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 117.6 0.7 DBXT Nifty 10US$ ***** 65.0 0.4 DBXT AUD Bonds 5AU$ ***** 58.3 0.3 JMH 400 USD 6024 55.0 0.7 SPDRS S&P 500 10US$ ***** 46.3 0.2 DBXT FTVietnam 10US$ 2915 31.3 0.9 UOB 2310 23.0 1.0 SPDR DJIA 10US$
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    • Article
      Lock icon FALLS
      128 6 BY CENTS CLOSE DOWN DBXT iBoxxSvEu 5US$ ***** -107.6 -0.3 DBXT EONIA 5US$ ***** -86.3 -0.4 Lyxor Indonesia10US$ 9510 -47.5 -0.4 GLD 10US$ ***** -45.0 -0.3 DBXT MSKorea 10US$ 6536 -33.8 -0.4 Lyxor AsiaIT 10US$ 3880 -27.5 -0.6 DBXT AUDCS 5US$ ***** -26.3 -0.1 DBXT iBoxxKR 5US$ ***** -22.5
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    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 6 DAILY
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  • Page 8 Advertisements
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      350 8 MR ROBERT C S TAY LEARN THE WINNING STRATEGIES OF INVESTMENT LEGENDS WARREN BUFFETT, BEN GRAHAM, PHILLIP FISHER, PETER LYNCH AND JOHN TEMPLETON! COURSE HIGHLIGHTS To empower participants with the tactical knowledge and expertise in stock valuation, certainly a useful tool in volatile markets. A key focus of the course
      350 words
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      184 8 CONTENTS Spot short-term potential equities based on daily stock rotation Fundamental interpretation on stock trading Technical application to spot new price extension Calculated risk management versus time-window exit Recording of personal trade journal LEARNING OUTCOME: Trainees may start trading in real market at very low risk immediately after the 1-day
      184 words
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      Lock icon Page 8 Advertisements Column 3
      52 8 COMIJCi SINGAPORE’S BIGGEST IT AND CONSUMER ELECTRONICS EXHIBITION 11 comex CONNECTS YOU TO TECHNOLOGY 28-31 AUG 2014 SUNTEC Singapore, Levels 4 6 12pm 9pm FREE ADMISSION pwSSo^’* cash prizes! TECH SHOWCASE BOOTH BABES CONTEST TECH FASHION SHOW ORGANISED BY: Exhibits Inc A SUBSIDIARY OF U ComexITShow www.comexshow.com.sg Tel: 6747 4620
      52 words
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      17 8 www.omy.sg news.omy.sg I. ilk Hlizz tt 9 v 0 0 !r z I r I i rr
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  • BUILDING GLOBAL COMPANIES
    • Article
      Lock icon Ever-growing south-south opportunity
      492 9  -  By KELVIN TAN The writer is managing director and head of commercial banking, HSBC Singapore THE term “south-south trade” has been a buzzword for economists and businesses alike for years yet trade between developing countries shows no sign of cooling any time soon. Last year, the combined
      492 words
    • Article, Illustration
      Lock icon Nautic poised for global expansion
      771 9  -  The engineering contractor is banking on growing demand from the oil and gas sector in the Middle East to fuel its growth, reports FRANCIS KAN reportsFRANCIS reportsFRANCIS KAN IN less than three years, Singa-pore-based Nautic Group has emerged as a fast-growing player in the oil
      771 words
    • Article
      Lock icon Giving new life to old assets
      124 9 SET up in 2011, the Nautic Group’s engineering solutions provide ageing oil and gas infrastructure a new lease of life by extending their production capability. It works closely with fabrication yards and vessel owners around the world to provide its customers engineering, procurement, construction
      124 words
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      96 9 OVERSEAS STARTS JUST OVER THE ROAD. At HSBC, we believe doing business around the world should be as easy as doing it around the corner. That's why we have International Relationship Managers in over 63 developed and emerging markets. With our in-depth local expertise and extensive global network, we can
      96 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Record S$63m in new fund to help local farmers
      562 10  -  Farms, landscape nurseries required to meet conditions to apply for grant By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT THE government has set aside a record S$63 million for the agricultural sector to boost its yields, raise productivity and make better use of land.
      562 words
    • Article, Illustration
      Lock icon M1 drops counters, gets more friendly
      345 10  -  By CAI YONG caiyong@sph.com.sg IN order to improve customer service, telecom service provider M1 is eliminating service counters from its shops. Instead, staff will engage customers while standing by their side, bringing a more personal touch. Working with Spring Singapore on the Customer Centric
      345 words
    • Article, Illustration
      Lock icon Tanah Merah station to get third platform
      265 10 FOLLOWING the announcement of Thomson East Coast Line (TEL) and a new four-in-one depot at Changi, the East side transport landscape is getting yet another boost. Tanah Merah station, currently serving East-West Line (EWL) commuters as an interchange for those on the EWL
      265 words
    • Article
      Lock icon Govt studying transboundary pollution report
      181 10 THE International Advisory Panel on Transboundary Pollution (IAP-TP) has submitted its report to the Singapore government, the Ministry of Environment and Water Resources announced on Monday. The government is studying the report and its recommendations, and has no plans to publish the confidential analysis, the
      181 words
    • Article
      Lock icon Six accused held key positions: prosecution
      565 10  -  This helped facilitate misuse of church’s building fund money CITY HARVEST TRIAL By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT SEVERAL of the key positions in City Harvest Church’s management board, committees and in church-linked entity, Xtron Productions, were filled by founder Kong Hee and his five
      565 words
    • Article
      Lock icon Industry event this week to focus on security solutions
      364 10  -  Technologies to boost productivity will be discussed By JAN LEE janlee@sph.com.sg THE Safety and Security Asia (SSA) 2014, an international safety and security technology and equipment exhibition, opens this Wednesday alongside the Security Industry Conference (SIC) 2014. The three-day event, which
      364 words
    • Article
      Lock icon A study into work attitudes of Gen Y, Z
      224 10 CENTRE of Executive Education (CEE), a network for established human resource development and consulting firms, is currently conducting a research project on “Leading and Engaging Gen Y and Z at Work”. The research aims to study the attitudes of Generation Y
      224 words
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      30 10 3If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Need a room flat?
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  • SME Inc
    • Article
      Lock icon Successful outcomes through mediation
      958 11  -  Parties seeking dispute resolution must have the right attitude and realistic expectations VIEW FROM AN NTU PROFESSOR By LIM-LUM KIT-WYE The writer teaches Business Law and Negotiation and Dispute Resolution at NTU’s Nanyang Business School. Her research interests are in contract law, tort law, negotiation and
      958 words
    • Article, Illustration
      Lock icon Griffin excels from its position as No 2
      937 11  -  It is starting to focus on the automotive industries, which have biggest market for filters By TEO SI JIA AT Griffin Group International, aiming to be an industry leader is not a default goal. This global provider of filtration products and services
      PHOTOS: ARTHUR LEE  -  937 words
    • Article
      Lock icon Finance leaders told: Know your business
      480 11  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT FINANCE leaders need to play a more active role in managing businesses or risk it becoming static. This means getting their hands dirty and being more intimate with the day-to-day workings of the businesses so that they understand the
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      85 11 This profile is the final of a series of features on the 16 finalists of the Emerging Enterprise Award 2014. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2014 recognises promising enterprises and startups which are up to 10 years old and have an annual
      85 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Analysts hail SapuraKencana’s latest gas find
      624 12  -  It is not just another “crony” company built up through government help BY S JAYASANKARAN in Kuala Lumpur SHARES in Malaysia’s integrated oil services provider SapuraKencana Petroleum was unchanged on Monday at RM4.27 apiece despite news that it had made a significant gas find
      624 words
    • Article, Illustration
      Lock icon Indonesia’s new VAT will hurt traders: lobby
      446 12 They want removal of new 10% tax on 14 commodities Reuters [JAKARTA] Indonesia’s new value added tax (VAT) rate for commodities will hurt investments, give international traders a competitive edge and potentially hinder exports, trade groups said on Monday. In July, the outgoing
      Reuters; PHOTO: BLOOMBERG  -  446 words
    • Article
      Lock icon M’sian group says it can build HSR link for much less
      425 12 [KUALA LUMPUR] A group of Malaysian companies says it can build the high-speed rail (HSR) link from Kuala Lumpur to Johor Baru for about 70 per cent less than the current estimate. People with knowledge on the matter said
      425 words
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      382 12 STPROPERTY Seminar Showcase 2014 Singapore Malaysia f ifc Ba .Jill "Ife p|§a -i?.* ...J, I Hgs :»Ur 55S Rs? liii n: 1 Ra ss I l r n Si IP eb3 :ii" ■•»IH'| aa •f STPROPERTY INVEST REBATE RM8 f 888 to first 8 property purchasers Terms Conditions apply aifisii)
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  • CHINA/INDIA
    • Article
      Lock icon Planned Shanghai bourse strikes gold
      682 13 It’s ahead of target by signing up 40 members a month before its launch Reuters [SINGAPORE] China’s planned global gold exchange has signed up more members than targeted, as foreign banks and trading houses seek direct access to the world’s top physical gold consumer and
      Reuters  -  682 words
    • Article
      Lock icon India to close coal scam case against Birla
      273 13 Reuters [NEW DELHI] India’s Central Bureau of Investigation (CBI) said on Monday it would close a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that surfaced in 2012 after a government auditor’s report. The CBI will file
      Reuters  -  273 words
    • Article, Illustration
      Lock icon Heinz scare shows cracks in supply tracking system
      682 13 Agricultural supply chains in China are highly fragmented Reuters [SHANGHAI] The entanglement of HJ Heinz in China’s latest food scare highlights a key concern for international and local firms how to keep track of ingredients from diverse sources in a country where
      Reuters; PHOTO: REUTERS  -  682 words
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      1527 13 The Business Times NOTICES Toll free 1800-289-8822 Email nolices@sph.conn.sg www.sphclass.com.sg/notices SUMITOMO MITSUI FINANCIAL GROUP, INC. Annual Report for the Year ended March 31, 2014 BOARD OF DIRECTORS, CORPORATE AUDITORS AND EXECUTIVE OFFICERS (As of June 27, 2014) CHAIRMAN OF THE BOARD Masayuki Oku PRESIDENT Koichi Miyata DIRECTORS Takeshi Kunibe Ken
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  • WORLD
    • Article, Illustration
      Lock icon Roche to buy InterMune for US$8.3b cash
      1005 14 Acquisition will allow Roche to grow and strengthen its offerings of pulmonary drugs Bloomberg [MINNEAPOLIS] Roche Holding AG, the world’s largest maker of cancer drugs, is strengthening its portfolio of medicines for respiratory ailments with an agreement to buy InterMune Inc for US$8.3
      Bloomberg; PHOTOS: REUTERS; BLOOMBERG  -  1,005 words
    • Article, Illustration
      Lock icon Burger King in talks to buy Tim Hortons
      782 14 Reuters [NEW YORK] Burger King is in talks to acquire Canadian coffee and doughnut chain Tim Hortons Inc in a deal that would create a fast-food powerhouse with a market capitalisation of roughly US$18 billion. Burger King and Tim Hortons, comparable in
      Reuters; PHOTO: REUTERS  -  782 words
    • Article
      Lock icon Asset-backed bonds to face tougher SEC disclosure rules
      806 14 Bloomberg [WASHINGTON] Sellers of bonds backed by mortgages and auto loans would have to give investors details including the borrowers’ income and credit scores under rules the US Securities and Exchange Commission is poised to consider this week, according to two people
      Bloomberg  -  806 words
    • Article
      Lock icon Greece to reopen its recent bond issues
      341 14 Reuters [ATHENS] Greece plans to reopen its recent three- and five-year bond issues in the next two weeks, to top them up by as much as US$1.97 billion, accepting T-bills as payment instead of cash, a senior government source told Reuters. The debt
      Reuters  -  341 words
    • Article, Illustration
      Lock icon German business confidence down 4 months in a row
      608 15 It reflects faltering eurozone economy ECB chief says may need more stimulus Bloomb erg [FRANKFURT] German business confidence declined for a fourth month, reflecting a faltering eu-ro-area economy that European Central Bank president Mario Draghi says might need more stimulus. The
      Bloomberg; PHOTO: AFP  -  608 words
    • Article
      Lock icon Danish bankers see no point in hedging against inflation
      483 15 Bloomberg [COPENHAGEN] Investors in Denmark waiting for a period of cheap money to trigger a surge in consumer prices are starting to review their positions. A number of banks in the Nordic country are now telling clients there’s no point in
      Bloomberg  -  483 words
    • Article
      Lock icon Playstation users’ data safe after hackers target game sites, says Sony
      514 15 FBI probing bomb scare on US flight carrying a top company executive Reuters [SAN FRANCISCO] Sony Corp said hackers had taken down its PlayStation Network without compromising its 53 million users’ personal data, while the FBI was investigating a
      Reuters  -  514 words
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      Lock icon US bond market does not see rates rising
      1099 16 Market’s view is that growth is not strong enough to force Fed’s hand Bloomberg [NEW YORK] When it comes to predicting where US borrowing costs are headed, the bond market isn’t taking Wall Street’s advice seriously. After giving up on calls last
      Bloomberg; PHOTO: AFP  -  1,099 words
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      Lock icon Thai govt decides to sell its 200,000t rubber stockpile
      564 16 Reuters [BANGKOK] The Thai military government has approved a plan to sell its 200,000 tonne rubber stockpile, a senior government official said on Monday, aiming to cut storage costs and ending a stock overhang that has weighed on prices. Traders said
      Reuters; PHOTO: BLOOMBERG  -  564 words
    • Article
      Lock icon Thai king endorses junta leader as prime minister
      292 16 Reu ters [BANGKOK] Thai military leader General Prayuth Chan-ocha was endorsed as prime minister by Thailand’s king on Monday, four days after he was elected by his own hand-picked Parliament, paving the way for the formation of an interim government. Gen Prayuth
      Reuters  -  292 words
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      Lock icon RBS could split Coutts International to attract Asian buyers
      964 17 It might be broken up into separate European, Asian divisions: sources Reuters [ZURICH] Royal Bank of Scotland (RBS) might split its international private bank into separate European and Asian divisions to attract Asian buyers who have the financial muscle for a
      Reuters; PHOTO: REUTERS  -  964 words
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      Lock icon Argentine bondholders hope for waiver of clause
      702 17 Bloomberg [NEW YORK] Argentine bondholders are keeping the faith that the 13-year legal dispute preventing the government from paying its obligations can still be resolved. Creditors with at least US$9.3 billion of restructured Argentine debt are planning to ask fellow holders this week
      Bloomberg  -  702 words
    • Article
      Lock icon S Africa stuck in a low growth scenario
      544 17 Monetary easing also not possible with high inflation Bloomberg [JOHANNESBURG] South Africa avoiding its second recession in five years is doing little to ease investor concern that economic growth prospects are dimming. Investors are paying 1.1 percentage points more to insure the
      Bloomberg  -  544 words
    • Article
      Lock icon Minister’s criticism leads to French govt shakeup
      319 17 AFP [PARIS] France was thrown into fresh crisis on Monday after President Francois Hollande told his prime minister to form a new government, following a much-criticised show of insubordination by the country’s firebrand economy minister. It is the second reshuffle in just five
      AFP  -  319 words
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      Lock icon Eurozone bond yields dive as Draghi boosts talk of ECB easing
      581 18 Most eurozone yields hit new lows, but Greek yields still above 2014 troughs Reuters [LONDON] Yields on most eurozone government bonds hit record lows on Monday as speculation grew that the European Central Bank (ECB) was preparing a big
      Reuters; PHOTO: REUTERS  -  581 words
    • Article
      Lock icon Online payment system Klarna eyes global expansion
      1129 18 Swedish startup likely to face fierce competition NYT [NEW YORK] Ready to check out online? Just enter your email address and a postal code to complete the purchase. The bill will be in the mail. That is the simple option offered to shoppers
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    • Article
      Lock icon Japan Tobacco has no plans for e-cigarette M&A: CEO
      200 18 Reuters [TOKYO] Japan Tobacco Inc is currently not interested in further acquisitions of vaporisers or electronic cigarette brands, its president said on Monday. Japan Tobacco, the world’s third-biggest tobacco company is poised to complete a takeover of Zandera, the UK maker
      Reuters  -  200 words
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      Lock icon Oscar-winning British film director Richard Attenborough, 90, dies
      847 18 OBITUARY Bloomberg [LONDON] Richard Attenborough, the UK movie director who chronicled the end of British colonial rule in India with his Oscar-winning epic Gandhi, and performed in more than 50 films, has died. He was 90. The director died at about lunchtime
      Bloomberg; PHOTOS: AFP, FILE  -  847 words
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      Lock icon Japan firms seek competitive edge with global talent
      1085 19 Job fairs aimed exclusively at foreign talent is the new normal NYT [TOKYO] Brendan White, a senior at Temple University’s Japan campus, says he has it all figured out. He is dressed in his “job hunt” black suit, accessorised with shiny leather
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    • Article
      Lock icon Sales of new homes fall in July to four-month low
      428 19 LATEST US DATA Bloomberg [WASHINGTON] New-home sales in the US fell unexpectedly in July for the second month as the housing recovery takes on a gradual pace. Sales declined 2.4 per cent to a 412,000 annualised pace, the fewest since
      Bloomberg  -  428 words
    • Article
      Lock icon Viet state firms languish as stock market rallies
      906 19 Govt has raised less than half its IPO target this year Bloomberg [HANOI] Vietnam’s stockmarket rally is leaving the nation’s government-con-trolled companies behind. The benchmark VN Index has jumped 24 per cent this year as a stable economy and dividend yields almost
      Bloomberg  -  906 words
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      854 15 The Business Times NOTICES Toll free 1800-289-8822 Email nolices@sph.conn.sg www.sphclass.com.sg/notices Financial Results for the fiscal year ended March 31, 2014 Consolidated Balance Sheets As of March 31, 2014 and 2013 Consolidated Statements of Income Fiscal years ended March 31,2014 and 2013 2014 2013 Millions of yen Assets: Capital Adequacy Ratio
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      197 16 New Improved: ST|obs.sg Fall in love with our new website features New look, new features, new experience! STJobs has improved the way you search for jobs online with some brand new features. NEW! NEW! NEW! rfii BENCHMARKER TOOL Won’t you be interested to find out how you fare amongst other
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      290 17 In the Matter of The Companies Act, Cap.50 And In the Matter of MCDF MANAGEMENT PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****8093R) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General Meeting of
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      55 19 HOT PROPERTY r i F mtSSMSS su mbi ibi {HrJffrtSrr T1 -S' s% X7 p/2 oV»^ filing Corp image Sf 6 5ni S3K V D CPLX '550 s.f Rent SfiTwa FACTORIES FOR SALE Check this and many other properties in The Straits Times Classified now! THE STRAITS TIMES CLASSIFIED BUY
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      9 19 \2a LAI WEEKDAYS 2PM 4PM D facebook.com/kiss92fm S>akiss92fm www.kiss92.sg
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  • EDITORIAL & OPINION
    • Article
      Lock icon Asia’s bond markets need more support
      482 20 EDITORIAL IT is a curious fact that while Asia’s “emerging” stock markets have become familiar to portfolio investors around the world, the issuance of local currency bond debt by companies in this region still requires a process of hand-holding by official institutions before investors
      482 words
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      Lock icon ‘Fergusonstan’ as a lesson in humility for Americans
      762 20  -  THE BOTTOM LINE LEON HADAR Washington Correspondent FOR most of the post-World War II era, the United States has placed the goal of spreading liberal democratic values at the top of its foreign policy agenda. Republican and Democratic administrations have invested billions
      762 words
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      Lock icon Droughts are world’s costliest disasters
      1243 20  -  But Asia can manage calamity better with a new mindset and policy innovation By CECILIA TORTAJADA ASIT K BISWAS Cecilia Tortajada is Senior Research Fellow and Asit K Biswas is Distinguished Visiting Professor at the Lee Kuan Yew School of Public Policy in Singapore. Both
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      Lock icon Challenges amid Africa euphoria
      1021 21  -  The fast-growing continent still has many areas to work on, ranging from jobs to infrastructure to capital markets By V SHANKAR The writer is the group executive director and CEO, Europe, Middle East, Africa and Americas, Standard Chartered Bank Euphoria abounds around Africa nowadays, and rightly
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      Lock icon Mexico makes key energy reform
      687 21  -  By ROGELIO GRANGUILLHOME The writer is the ambassador of Mexico to Singapore MEXICO’S landmark Energy Reform ended a 76-year state monopoly. The framework for private investment in the energy sector, signed into law by President Enrique Peña Nieto on Aug 11, makes a historic turn
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    • Article
      Lock icon Eurasian bloc a counterweight to EU
      933 21  -  By NARENDRA AGGARWAL The writer is a former journalist Millions of people are in the grip of unprecedented violence in the region stretching from Ukraine to Iraq and to the north-western part of Pakistan. While the latest shocking happening is flashed daily in the
      933 words
    • Article
      Lock icon Clarification of TDSR rules
      294 21 LETTER TO THE EDITOR HO Swee Huat suggested that borrowers who had purchased their properties before the introduction of the Total Debt Servicing Ratio (TDSR) framework should not be subject to the TDSR threshold of 60 per cent when they refinance their housing loans (“Make rules
      294 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Maersk share buyback plan may cap gains of bond holders
      684 22 Prospects of ratings upgrade dim as it sells assets and distributes cash Bloomberg [COPENHAGEN] Debt holders in AP Moeller-Maersk are looking on as the world’s biggest shipping company uses its excess cash to enrich shareholders in a strategy shift that
      Bloomberg  -  684 words
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      Lock icon Thai Airways denies reports 200 pilots have suddenly quit
      477 22 It says about 30 pilots have resigned so far this year Reuters [BANGKOK] Thai Airways International Pcl, whose earnings have been hit by fierce competition and high operating costs, denied local media reports that 200 pilots have suddenly left the company
      Reuters; PHOTO: BLOOMBERG  -  477 words
    • Article, Illustration
      Lock icon Old US shipping law adds to costs of oil refiners
      608 22 Reuters [NEW YORK] As the first US oil condensate exports head to Asia from the Gulf Coast, crude producers and refiners are exploring ways to get around a century-old law that makes it three times more expensive to ship by
      Reuters; FILE PHOTO  -  608 words
    • Article
      Lock icon 20b yuan fund set up to boost aviation sector
      171 22 Reuters [BEIJING] China has set up a 20 billion yuan (S$4.07 billion) investment fund to help bolster its fast-grow-ing civil aviation industry, a report said on Monday. The Civil Aviation Investment Fund, which is led by the parent of Beijing International
      Reuters  -  171 words
    • Article
      Lock icon Ningbo port strike ends
      121 22 Reuters [SHANGHAI] Operations in the eastern Chinese port of Ningbo returned to normal after a strike involving thousands of truck drivers disrupted services last week, the city’s transportation association said on Sunday. The strike, which started over salary and haulage rates, involved thousands of workers who
      Reuters  -  121 words
    • Article
      Lock icon TRANSPORT STOCKS
      229 22 SGX '000 Aug 25 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.29 -0.01 81 s$ Cwt Limited 1.79 0.02 717 Vol First Ship Lea 049 Grand Banks................unch unch 0 Jaya Hold Ltd 0.06 unch 8336 Chuan Hup Hldg Keppel Corp 10.96 unch 1496 Mercator Lines..............0.08 unch 36
      229 words
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      26 22 Analysts: Chongqing to apply for Yangtze Gorges Region to be Special Tourism Economic Zone .$2 apply for Yangtze 6+7435)%,To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      320 22 CRYPTIC CROSSWORD Across 1 Each tribunal formed is severe in judging (12) 9 Ten in a shop stirred by single musical instrument (9) 10 First of leopardesses in hollow to give birth (5) 11 Throw a Parisian group when answer entered (6) 12 Servant returned don’s crumpled suit (8) 13
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  • Article
    Lock icon SHIPPING TIMES
    1195 23 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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      81 23 Experienced ship maintenance findyou y r I services services wanted, here mthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I IIL UUJIHLJJ I IIVILJ Shipping Times Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4056 24 Transaction date: Aug 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13 10.4 8Telecom Last Sale Vol Day Last Quote --AAT Div Gr Yld C'vr 14 6.7 AIMS Property 14 +0.3
      4,056 words
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      Lock icon SGX CATALIST
      413 25 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 0.9 unch 393 0.9 0.8 0.8 0.9 17.5 Last Quote Div
      413 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10915 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund (USD)!** 1.28/ Aberdeen Asset Mgt Asia Limited 1.0082/ Chna Opportunities'* 3 0123/ European Opportunities' China Opportunities USD!** Global Emerging Markets USD Global Opportunities USD Global Technology India Opportunities USD!** ....0.5884/ Indonesia Equity
      10,915 words
    • Article
      Lock icon GLOBALQUOTE
      248 25 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 64 50 AVJennings A64cd unch 5 64 64 59 64 3.6 5.5 5.2 237 343 250 TanChongInt HK328 +1 150 328 328 327 329 9.7 3.2 3.2
      248 words
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      Lock icon SGX ETF
      1117 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 116.5 25 116.5 116.5 116 116.5 531.8 138 119 CIMB APAC Div 100S$D 137.5 +0.1 137.5 137.5 136.2 138.9 110.1
      1,117 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      664 26 Aug 25 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.43 *****.61 *****.51 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****5 Dec14 *****.00 *****.00 *****.00 *****.00 90 ***** MSCI TAIWAN INDEX FUTURES SPOT 343.61 343.94 341.97 Aug14 342.70 343.20 340.80 342.10 ***** *****5 Sep14 342.80
      664 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Aug 22 Index Change Change Change Change Change Change World Preliminary 1245.6 -0.2 5.2 -0.3 3.4 -0.3 4.5 EAFE Preliminary 967.4 -0.3 1.2 -0.6 -1.2 -0.6 -0.1 Europe Preliminary 1371.6 -0.3 1.2
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      472 26 Aug 25 US$ A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.020 5.731 0.706 7.222 56.337 109.184 0.970 9.506 2.948 1.115 94.205 40.869 1.166 9.967 0.854 27.955 29.818 0.562 0.932 Canada 0.981
      472 words
    • Article
      Lock icon SIBOR
      37 26 Aug 25 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 6 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      75 26 Aug 25 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 5-Year NX*****W 2.5 01-Jun-19 105.49 10-Year NY*****H 3.000 01-Sep-24 105.89 15-Year NY*****E 2.875
      75 words
    • Article
      Lock icon PRECIOUS METALS
      122 26 Aug 25 GOLD(US$/oz) Aug 25 Aug 22 Hong Kong 1279.00 1286.00 Aug 22 Aug 21 London 1278.15 1277.03 1278.45 1277.57 Source: Thomson Reuters CAST BAR Aug 25 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 309 255 10gm 575 512
      122 words
    • Article
      Lock icon PALM OIL
      59 26 Aug 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 2028.0 2021.0 2050.0 1980.0 1970 7952 Oct 14 1995.0 1993.0 2046.0 1951.0 7537 ***** Nov 14 2002.0 1999.0 2045.0 1954.0 ***** ***** Dec 14 2025.0 2023.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 26 Aug 25 Aug Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1652 1.1658 0.9316 0.9320 Canadian dollar 1.1427 1.1431 0.9138 0.9136 Euro 1.6498 1.6502 1.3190 1.3192 NZ dollar 1.0450 1.0459 0.8355 0.8361 Sterling pound 2.0721 2.0729 1.6566
      156 words
    • Article
      Lock icon CHICAGO BOT
      109 26 Aug 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 14 1166.00 1136.25 1170.50 1137.00 Nov 14 1042.00 1038.25 1047.75 1037.75 Jan 15 1048.75 1045.25 1054.25 1045.00 Mar 15 1055.00 1052.25 1060.50 1051.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 14
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    • Article
      Lock icon LIFFE
      95 26 Aug 22 COCOA (£/tonne) Close Prev High Low Sep 14 2057 2052 2062 2042 Dec 14 2022 2018 2032 2013 Mar 15 1991 1990 2002 1983 May 15 1979 1978 1989 1970 COFFEE(US$/tonne) Close Prev High Low Sep 14 1986 1982 1995 1973 Nov 14 1997 1988 2006 1979
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1045 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 5 0.3 1 -54 3.57 47 Asia-Pacific Strategic W*****6 3.6 unch 400 1 2 57 Acma Ltd W*****7 Exer Price Ascendas REIT MB eCW*****3 Disc Asiatic Grp(Hldgs) Ltd
      1,045 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Aug 22 Aug CRUDE(FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.97 0.04 WTI (Near Mth) 95.69 -0.71 Dubai (1-Mth F) 100.72 0.87 Tapis blend 103.80 1.14 Minas 99.80 1.14 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.14 0.81 Jet Kerosene 115.44 0.49 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      25 26 Aug 25 S$ S$ Bid Offer 1-month 1.2508 1.2509 2-months 1.2508 1.2509 3-months 1.2508 1.2509 6-months 1.2507 1.2508 Source: OCBC Source: OCBC
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    • Article
      Lock icon LONDON METALS
      69 26 Aug-22 Aug-22 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2058.00 2050.25 3 months 2063.00 2059.00 Copper, Grade A(US$/tonne) Cash 7098.00 7037.00 3 months 7076.00 7015.00 Lead(US$/tonne) Cash 2251.00 2255.00 3 months 2253.50 2247.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      122 26 As at 9am Aug 25 Aug Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.191 1.135 Can dollar 1.162 1.118 Euro 1.690 1.610 Sterling pound 2.110 2.029 NZ dollar 1.070 1.029 US dollar 1.276 1.216 Local dollars to 100 units of
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    • Article
      Lock icon INTERBANK RATES
      157 26 Aug 25 $S Offer Bid 0vernight 0.05 0.03 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.03 US$ 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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  • PROPERTY
    • Article, Illustration
      Lock icon S Korea moves to awaken idle property market
      1077 27 Easier mortgage rules are helping people turn to purchase of homes Bloomberg [SEOUL] After moving six times in 10 years, Choi Youn Ho, a 46-year-old chemical researcher, said he is hopeful easier mortgage rules will finally allow him to buy a home
      Bloomberg; PHOTO: AFP  -  1,077 words
    • Article, Illustration
      Lock icon Shangri-La to have 10 hotels under new Jen brand by Q1 2015
      509 28  -  First Hotel Jen to open here in Sept, nine Traders hotels to be rebranded By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SHANGRI-LA Hotels and Resorts, which will launch its first Hotel Jen in Singapore next month, expects to have up
      509 words
    • Article
      Lock icon 2 Jln Besar properties on the market
      259 28 TWO adjoining properties along Sam Leong Road, off Jalan Besar, are up for sale, says Chestertons Singapore, which has been appointed as the sole marketing agent for the deal. The first building, currently vacant, is a three-storey freehold commercial building with a site
      259 words
    • Article
      Lock icon Sources: GIC in bid to buy Tokyo building
      147 28 Reuters [TOKYO] Singapore’s sovereign wealth fund, GIC, is in final talks to buy a Tokyo office tower for about 170 billion yen (S$2.04 billion), three people with direct knowledge of the deal said, in what would be Japan’s biggest property transaction since
      Reuters  -  147 words
    • Article
      Lock icon Seven industrial units in Bukit Merah put up for sale
      352 28  -  By KENNETH LIM kenlim@sph.com.sg @KennethLimBT A TENDER exercise has opened for seven industrial units at Kewalram House in the Bukit Merah Industrial Estate, agent JLL announced on Monday. The tender will close at 2.30 pm on Sept 25. Bidders may
      352 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      82 27 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
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      Lock icon Page 27 Advertisements Column 2
      356 27 FOR SALE BY EXPRESSIONS OF INTEREST CHESTERTO 'JS Closing: Tuesday, 23 September 2014 at 4pm Commercial/Residential Buildings offjalan Besar i9 IDI22) ibuaKum Located along Sam Leong Road. Farrer Park S ct hub MRT Station is within walking distance. Master Plan 2014: Commercial at Plot Ratio 3.0; Within Jalan Besar Conservation
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      Lock icon Page 27 Advertisements Column 3
      244 27 KnightFrank.com. sg 11 Knight Frank A UNIQUE OPPORTUNITY TO CREATE THE FINEST RESIDENTIAL DEVELOPMENT IN THE HEART OF SINGAPORE SPRING GROVE ORCHARD SINGAPORE 1* ■'>v “v y Land area 24,481.2 sq m (approx. 263,513 sq ft) Master Plan 2014 Residential, GPR 2.1 gY Largest residential plot along Grange Road The
      244 words
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      Lock icon Page 28 Advertisements Column 1
      259 28 The Fastest Drive Be among the first batch of golfers to sign up before Sept 2 and you may even drive to Sentosa FREE. Ten early birdie golfers will win $50 petrol vouchers each! Want to play golf for Singapore? Here’s your chance to compete with golfers just like you!
      259 words