The Business Times, 15 June 2013

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Total Pages: 49
1 20 The Business Times
  • 19 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g JUNE 15-16, 2013 S$1.00 MICA (P) 075/08/2012 A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • 39 1 WEAKER SHOW BUT the number of layoffs fell to 2,120 for the quarter, much lower than the 3,350 in the preceding quarter and the 2,600 layoffs in the first quarter of 2012. 2
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  • 36 1 SOME BALM BUT stripping out sales of motor vehicles which were just 2.6 per cent lower compared to April last year overall retail sales were up by 0.2 per cent. 7
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  • 49 1 RIGHT TIME IT notes that the valuation of the Straits Times Index is now back to its mean of 15 times price-earnings ratio, just 4 per cent away from a 14.2 times PER, which would be around the 3,000 level for the STI. 12
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  • 32 1 HARD SELL PITCHING tougher rules on tax evasion to the G-8 is a precarious undertaking for Prime Minister David Cameron. Britain’s tax havens are world leaders. 22
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  • 1223 1  -  Banks in rate-setting scandal told to put $8.5-12b with MAS as interest-free deposits for a year By Siow Li Sen lisen@sph.com.sg Singapore THE Monetary Authority of Singapore yesterday said that in future it would be a criminal offence to manipulate any financial benchmark
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  • 1337 1  -  By Joyce Hooi joyceh@sph.com.sg Singapore ONLINE television cleans up pretty good. After years of being the illicit by-product of piracy and technology, the TV content that you watch on the Internet today stands a greater chance of being legal, ad-supported
    FILE PHOTO  -  1,337 words
  • Page 1 Advertisements

  • TOP STORIES
    • 626 2  -  Fewer layoffs; citizens unemployment rate unchanged, numbers in line with MOM estimates By Lee U-Wen leeuwen@sph.com.sg Singapore SINGAPORE’S unemployment rate edged up slightly to 1.9 per cent in March this year, according to final first-quarter figures released by the Manpower Ministry (MOM)
      FILE PHOTO  -  626 words
    • MARKETS
      • 59 2 GSTI 3,161.43 (+30.74) GSTI FUTURES 3,162.00 (+31.00) GSIMSCI 356.58 (+4.81) GSIMSCI FUTURES 356.90 (+5.10) STOCKS Friday Change KL COMP 1,762.19 +19.32 NIKKEI 225 12,686.52 +241.14 HANG SENG 20,969.14 +82.10 SET 1,465.27 +62.00 JAKARTA 4,760.74 +153.08 MANILA 6,242.26 +128.18 KOSPI 1,889.24 +6.51 SHENZHEN B 819.36 +4.09 MUMBAI IND 19,177.93 +350.77
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      • 29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.276 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg
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      • 48 2 US$ S$ US$ (S$ per US$) 1.252 (US$/S$ per 1.565 1.960 EURO(US$/S$/€ 1.333 1.668 Foreign currency per US$ S$ YEN 95.10 76.00 RM 3.116 2.489 HK$ 7.762 6.200 BAHT 30.53 24.38 RUPIAH 9,878 7,890 RENMINBI 6.132 4.898 INDIAN RUPEE 57.65 46.04 A$ 1.043 0.833 NZ$ 1.243 0.993
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    • 670 4  -  Japanese Prime Minister still needs to clear more hurdles to get policies implemented By Anthony Rowley btworld@sph.com.sg Tokyo THE Japanese Cabinet yesterday gave its collective approval to a wide-ranging set of economic proposals that have, up to now, been regarded largely as part of Prime Minister
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    • 636 6  -  Open Market Index shows global economies slightly more open than in 2011 By Malminderjit Singh msingh@sph.com.sg Singapore SINGAPORE has the most open economy in the world, sharing this attribute with Hong Kong, says a report commissioned by the International Chamber of Commerce (ICC).
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    • 492 7  -  Bulk of improvement comes from better showing by car sector By Nisha Ramchandani nishar@sph.com.sg Singapore RETAIL sales put on a better-than-expected performance in April, contracting just 0.5 per cent year-on-year following a decline of as much as 7.4 per cent in
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    • 536 8  -  European planemaker seen turning up the heat on rival Boeing with its alternative to the Dreamliner By Nisha Ramchandani nishar@sph.com.sg Singapore AIRBUS’ new A350 XWB aircraft, which has 613 firm orders from carriers including Singapore Airlines, has completed its
      PHOTO: AP  -  536 words
  • Page 2 Advertisements
    • 60 2 CONTENTS NEWS Top Stories 2-8 Week In Review 9 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 Househunt 34 LIVING Dining L2-6 Design L7-9 Home Garden L10-11 Style L12-13 Gadgets L14 Health
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  • Page 2 Miscellaneous
    • 30 2 JACKPOT Estimated Draw on Mon, 17 Jun 2D13 at 6.3Dpm For details, visit www.singaporepools.com.sg Ip yA Always play with care, [responsibly) Do not bet illegally. RGB Reg No: *****0202G SINGAPORE
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  • Page 3 Advertisements
    • 213 3 watches o Of Switzerland 36' Momentous Years Watches of Switzerland celebrates 36 years of handcrafted legacy. With deepest gratitude for your valued support, we present the perfect moment to own that luxurious time piece. CITIBANK Q% INTEREST EQUAL PAYMENT PLAN Choose to purchase your exquisite timepieces over 36 months, at
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  • Page 4 Advertisements
    • 69 4 Sentosa Cove Villas Pearl Island Exquisite Collection ofl 9 Luxury Villas facing waterway, eachfeaturing private pool berth lift! Come home to your own private island! 5 spacious bedrooms, entertainment room private wine cellar Land size from 6,555 to 11,667 sq ft Price from S$15.7m (negotiable), Foreigner Eligible Ready to move
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  • Page 5 Advertisements
    • 335 5 W'W THE STRAITS TIMES [RUN IN THEPARK 2013 Presenhei bj Panasonic In conjunction with The Straits Times' 168th Anniversary SIGN UP NOW sAND ENJOY ’MORE THAN 5km Fun Run $46 per person ($42 per person for group of 4 and above) mjm COOL GOODIE BAG Each runner gets a goodie
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  • Page 7 Advertisements
    • 1688 7 M8YA Moya Asia Limited MOYA ASIA LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****2051G Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company (“Annual General Meeting”) will be held at Boardroom, Lower Lobby, at the Fullerton Hotel Singapore. 1
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  • Page 8 Advertisements
    • 101 8 a5i H SINGAPORE PRESS HOLDINGS f >i asta one v 7 Catch up with the Latest Business News with AsiaOne smartphone app *3 15-.37 I Latest r l Thuradav\AMar20t3 2 •N Latest News Singapore 9* 7 Australia adds most \obs \i almost A3 vears BUSINESS SAO mWWon to encourage lamWv
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK June 10-14, 2013
      • 50 9 THE bursting of the emerging market bond bubble is a worry for both investors and local borrowers. Following a boom in emerging bond prices in the 15 months ended April, emerging market funds, hedge funds and other investors have been dumping the securities.
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      • 39 9 AFTER hitting a record high last year, hotel room rates in Singapore appear to have softened slightly in the first four months of 2013. But the impact is mitigated by strong occupancies.
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      • 50 9 A NEW set of data out of China points to sluggish growth. May statistics show that domestic demand is struggling amid anaemic global growth. Industrial output and fixed-asset investment growth fell slightly, inflation remained subdued, credit expansion fell, and exports and imports “collapsed”.
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      • 38 9 TAKASHIMAYA Singapore has achieved record figures in a somewhat subdued retail market. Turnover for 2012 rose 4.6 per cent to $618 million while net profit inched up 2 per cent to $48 million.
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      • 38 9 LISTED companies here still have some way to go before they comply with the latest Code of Corporate Governance guidelines on executive pay disclosure, going by their most recent annual reports.
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      • 35 9 DEUTSCHE Bank has opened its second-largest gold vault in the world in Singapore. The facility at the Singapore Freeport can hold up to 200 tonnes of the metal.
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      • 33 9 MALAYSIA’S aim to become a developed nation by 2020 may happen sooner than later based on economic projections, Prime Minister Najib Razak said on Monday.
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      • 52 9 HIRING plans in Singapore are likely to hold steady in the July-to-Sep-tember quarter, with construction jobs tipped to grow strongly. Linda Teo, country manager for employment firm Manpower Singapore, said hiring prospects will weaken moderately but that Singapore’s labour market is
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      • 84 9 PETER Seah, DBS Group Holdings chairman, told BT on Tuesday that the bank would still want to buy Temasek Holdings’ entire stake in PT Bank Danamon Indonesia. A smaller stake would require a review of the economics of the deal, he
        PHOTO: YEN MENG JIIN  -  84 words
      • 68 9 THE practice of overtrade continues and is seen as one of the factors contributing to the recent spike in vehicle certificate of entitlement (COE) premiums. The overtrade, a discount given in the form of a higher trade-in value for a used car,
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      • 63 9 ECONOMISTS are now more pessimistic about Singapore’s growth but more optimistic about inflation than they were three months ago, shows the central bank’s quarterly survey of forecasters. However, even their lowered median forecast of 2.3 per cent growth this year is premised on the economy
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      • 33 9 THE Singapore Exchange is considering using dynamic circuit breakers to ensure an orderly market in times of turmoil and to protect investors from excessive volatility.
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      • 46 9 THE world economy appears to be moving into a phase of “more sta- ble, but slower growth”, the World Bank said in a report whose cautious overall tone provided a backdrop to the volatility afflicting global financial markets.
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      • 47 9 THE Singapore Sports Council has pulled the plug on the Changi Motorsports Hub project. The SSC decided against opening a re-tender for CMH after deciding it “could not accede to” requests for government concessions and subsidies from six interested consortia.
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      • 61 9 JAPANESE officials sought anxiously to quell growing investor alarm and market volatility on Thursday as Tokyo’s Nikkei stock average slumped by 6.4 per cent to its lowest close since the beginning of April and as the yen surged by 2 per cent against
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    • 86 9 US DATA June 17 Treasury International Capital for April June 18 CPI for May Housing starts for May June 19 FOMC rate decision for June June 20 May leading indicators May existing home sales Philadelphia Fed survey for June EVENTS June 17 G-8 Summit in Lough
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  • Page 9 Miscellaneous
    • 295 9 CRYPTIC CROSSWORD Across 1 What a man who intrudes in a row will do (3,3,3,2) 9 Omission that may be taken as offence (9) 10 Notes which a dentist removes (5) 11 Usual place for a wake (6) 12 Conversation piece? (8) 13 Amended deed includes it when revised (6)
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    • 8 9 SATURDAY with Ludwig *****! He’s playing my ringtone
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  • RAFFLES CONVERSATION
    • 2210 10 / 11  -  There are pockets of fervent innovation and industry in the US, beyond Silicon Valley, says head of the US Council on Competitiveness, Deborah Wince-Smith. By Anna Teo By Anna Teo anna@sph.com.sg IN Swiss business school IMD’s latest country competitiveness rankings, the United States regained the top spot on
      PHOTO: ANNA TEO  -  2,210 words
    • 530 10 / 11 ONE may not quite see her as a female Indiana Jones but Deborah Wince-Smith is a Bronze Age Aegean archaeologist who sees her passion for the ancient world as being highly relevant to her work on competitiveness. “I studied the world of Mycenaean and Minoan cultures that
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  • COMPANIES
    • 758 12  -  Among stocks favoured are Keppel, UOB and Hongkong Land By Michelle Quah michquah@sph.com.sg Singapore SINGAPORE equities are almost at an attractive entry level for investors, says Citi Research in its latest equity strategy report. It noted that the valuation of the
      Source: Citi Research  -  758 words
    • 391 12  -  By Nelson Lee lnelson@sph.com.sg Singapore THE Securities Investors Association Singapore (SIAS) is bullish on mass-market food-and-bever-age companies as Singapore’s consumers shift towards spending on food over durable goods. In an industry report released yesterday, SIAS said that the FTSE ST
      PHOTOS: BLOOMBERG, THE NEW PAPER  -  391 words
    • 768 13  -  Proposal to transfer listing status to Astra Resources; plan still at preliminary stage By Michelle Quah michquah@sph.com.sg Singapore BELEAGUERED KXD Digital Entertainment has been thrown a possible lifeline in the form of Astra Resources PLC, a global diversified resources company headquartered in the United
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    • 398 13  -  By Lee Meixian leemx@sph.com.sg Singapore LIFESTYLE property developer Oxley Holdings is eyeing Cambodia next, after making two recent land acquisitions in Kuala Lumpur and Selangor, Malaysia. Yesterday, it said it has signed a deal to buy a plot of land
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    • 300 13  -  By Mindy Tan tanmindy@sph.com.sg Singapore MAINBOARD-listed printing firm Xpress Holdings’ net profit dropped 29.1 per cent to $836,000 for its fiscal third quarter ended April 30 this year, from $1.18 million a year ago. Revenue for the quarter dropped 36.2 per cent to
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    • 651 14  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent THE Straits Times Index this week lost 23 points or 0.7 per cent, closing in the red for the year-to-date on Wednesday, hursday and Friday. However, thanks to a global short-covering bounce yesterday that pushed it up by
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    • 177 14  -  By Nisha Ramchandani nishar@sph.com.sg Singapore SINGAPORE Technologies Aerospace (ST Aerospace) has injected about $62.95 million into its wholly owned subsidiary ST Aerospace Engines through a loan conversion. This takes ST Aerospace’s total share capital contribution in STA Engines to around $117.95
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    • 69 14 BY CENTS CLOSE UP IS S&P500 ***** 359.3 1.8 DBXT Nifty 10US$ ***** 259.1 2.1 DBXT SPASX200 10US$ 3624 146.5 3.3 DBXT MSINDO 10us$ 1567 118.9 6.5 UOB 5.05%NCPS 100 ***** 90.0 0.9 DBS Bk 4.7% NCPS 100 ***** 70.0 0.7 DBXT AUDCS 5AU$ ***** 51.6 0.2 IS
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    • 58 14 BY CENTS CLOSEDOWN Lyxor Indonesia10US$ 9893 -416.9 -3.3 JMH 5940 -154.0 -2.0 IS MSCI Spore 1313 -111.4 -6.3 DBXT S&P Short 10US$ 2995 -78.9 -2.1 GLD 10US$ ***** -75.1 -0.4 JSH 3710 -73.9 -1.6 Lyxor EmergingMkts 1 971 -40.1 -3.2 DairyFarm 1208 -38.8 -2.5 Lyxor LatinAmerica 1 669
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    • 273 14  -  By Mindy Tan tan m i n dy@s p h .co m .sg Singapore MAINBOARD-listed AusGroup Ltd has secured an A$34.5 million (S$41.5 million) scaffolding contract with CB&I and Kentz Joint Venture (CKJV) on the Gorgon Project, one of the world’s largest natural gas projects
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    • 191 14 VOL CLOSE Innopac 252 773 1 4.5 1 5 9 4 Mirach Energy 107 308 1 4.2 0 6 4 4 Acma Ltd 74 ,530 3.7 0 1 2 8 IPCO I nt l 67 ,280 2.7 0 1 3 8 Go l den Agri 61 509
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    • 114 14 Stock name Close Change CapMallsAsia 1.855 +0.015 CapitaLand 3.220 +0.080 CapitaMall 2.030 CityDev 9.980 +0.200 ComfortDelGro 1.755 +0.045 DBS Grp 15.99 -0.040 GLP 2.710 +0.070 Genting SP 1.415 +0.025 Golden Agri 0.570 +0.025 HK Land 6.710 +0.020 HPH Trust US$ 0.775 +0.005 JMH 59.40 -1.230 JSH 37.10 -0.590
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    • 381 15  -  Telco upgrading its mobile and fibre network as part of capex By Joyce Hooi joyceh@sph.com.sg Singapore STARHUB is upgrading its mobile network as part of a “mul-ti-million dollar” capital expenditure which will see its 4G network hit 95 per cent coverage of
      PHOTO: BLOOMBERG  -  381 words
    • 390 15  -  By Lynn Kan lynnkan@sph.com.sg Singapore ONE of Turkey’s major shipping companies has defaulted on lease payments on two crude oil tankers owned by Singapore-listed First Ship Lease (FSL) Trust, said the trustee-manager of FSL Trust yesterday. FSL Trust Management (FSLTM) issued a
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  • Page 15 Advertisements
    • 50 15 Ngee Ann Polytechnic is hiring Lecturers GE Keppel Energy Services has vacancy for Process Engineer (Inspection) Heidelberg has a position open for Application Specialist (Consumables) UOL Group is recruiting a Marketing Manager (Residential) Forbes is looking for a Conference Manager Check out more than 400 positions available in CATS Recruit
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    • 56 15 THE GREAT DIGITAL SALE 70 0/ OFF YOUR FAVOURITE /o MAGAZINES when you subscribe to 12 issues of the digital edition now! Mens altu BODY M' iVil.vv HIAIM Foe I HIAIM Yea or Nay Subscribe Now! Offer valid from May 15 fa July 31, 2013. Download the magazines through: Available
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  • FROM THE DESK OF
    • 712 16  -  Removing entry-and-exit red tape in the region will boost intra-Asian trade exponentially FROM THE DESK OF David Brett President, Amadeus Asia Pacific WITH such a large and growing population of travellers in the Asia-Pa-cific, intra-regional travel can support the industry through tough times and
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  • SINGAPORE
    • 639 17  -  Financial services, infrastructure and construction offer good scope: Surbana By Ng Zhuo Yang ngzy@sph.com.sg LOCAL companies in the commercial, construction and development sectors seeking greener pastures for expansion may want to consider looking towards Rwanda’s capital of Kigali, suggests Surbana chief executive Pang Yee
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    • 277 17  -  By Mindy Tan tanmindy@sph.com.sg THE Attorney-General’s Chambers (AGC) issued a letter of warning to local filmmaker Lee Seng Lynn, for having committed contempt of court. This is after Ms Lee published two video interviews with former SMRT bus drivers, He Jun Ling
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    • 362 18  -  Main aim is to build a business, technology ecosystem around media and advertising By Maria Mala Yogalingam ymaria@sph.com.sg ETPL (Exploit Technologies Pte Ltd), the technology transfer arm of the Agency for Science, Technology and Research (A*Star), has signed a memorandum of understanding
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    • 618 18 Bloomberg ASCENDAS Hospitality Trust is seeking investments in Japan, where Prime Minister Shinzo Abe’s efforts to revive the economy is boosting the prospects of its hotel industry, CEO Tan Juay Hiang said. Ascendas Hospitality Trust, a Singa-pore-based business and property trust with one
      Bloomberg  -  618 words
  • Page 17 Advertisements
    • 20 17 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices WATS NOTICES CLA/FEB1 1/g
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    • 204 17 ■J. mats NOTICES THE COMPANIES ACT (CHAPTER 50) THE COMPANIES ACT REGULATIONS SECTION 227N/REGULATION 55 NOTICE OF JUDICIAL MANAGERS TO CREDITORS OF FIRST MEETING Name of Company WINFORT GLOBAL LTD. (Under Judicial Management) Company No. *****2334Z (Under the Order for Judicial Management of the abovenamed Company dated 1 March 2013)
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  • Page 18 Advertisements
    • 260 18 THE BUSINESS TIMES SATURDAY SPECIAL Every third guest is on the house Third guest dines free with every two paying adults Venue: Café Brio’s, Grand Copthorne Waterfront, 392 Havelock Road, Singapore *****3 Tel: 6233 1100 Website: www.millenniumhotels.com.sg/grandcopthornewaterfront/dining/cafe-brios.html Email: fnbrsvns.gcw@millenniumhotels.com (With effect from 1 July 2013, the F&B reservations email will
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  • WORLD
    • 543 19 Despite pick-up in May, underlying inflation pressures remain muted LATEST US DATA Reuters AP Washington US PRODUCER prices rose more than expected in May as petrol and food prices rebounded, but underlying inflation pressures remained muted, which could argue against an early scaling
      Reuters; AP; PHOTO: BLOOMBERG  -  543 words
    • Briefing
      • 104 19 Reuters Kuala Lumpur MALAYSIA’S Sona Energy plans to raise more than RM500 million (S$200 million) in an initial public share offering, making it the biggest special purpose acquisition company (SPAC) to be listed so far in the country. Sona Energy said yesterday it
        Reuters  -  104 words
      • 89 19 Reuters London BRITISH ministries have agreed to spending cuts of £3.6 billion (S$7.1 billion), the government said yesterday, leaving it less than two weeks to wring over two-thirds of its £11.5 billion target from 10 remaining departments. Britain’s two-par-ty coalition
        Reuters  -  89 words
      • 111 19 Reuters Washington BRITAIN has asked airlines worldwide to block American Edward Snowden, who leaked details of US government telephone and Internet surveillance programmes, from boarding any plane headed for the United Kingdom. The Associated Press, in a report out of Bangkok,
        Reuters  -  111 words
      • 109 19 Bloomberg London Bank of England deputy governor Paul Tucker, the leading internal candidate for governor who lost out to Mark Carney last year, will leave the institution after helping Mervyn King’s successor settle into his new post. Mr Tucker, a three-decade veteran of
        Bloomberg  -  109 words
    • 570 19 Reuters Kuala Lumpur MALAYSIA’S US$30 billion push to find more oil and gas is paying off, with domestic crude output bouncing off a recent 20-year low and natural gas production on track to hit a record high before the end of the
      Reuters  -  570 words
    • 505 20 Move may further lift imports in a market that takes two-thirds of the world’s international iron ore trade Reuters Shanghai CHINA plans to scrap its dec-ade-old iron ore import licensing system this year, an industry source said, a move that may further lift
      Reuters  -  505 words
    • 574 20 AFP Washington THE US Supreme Court’s rejection of natural DNA patent protection could hurt biotech companies, but specialists said it left enough safeguards for the industry to keep innovating. The court ruled that Myriad Genetics, which sells expensive tests
      AFP; PHOTO: AP  -  574 words
    • 577 22 Prime mover Cameron hampered by role of Overseas Territories and British lawyers Reuters London PITCHING tougher rules on tax evasion to the G-8 is a precarious undertaking for Prime Minister David Cameron. Britain’s tax havens are world leaders. Britain’s list of
      Reuters  -  577 words
    • 238 22 Reuters London EUROPE’S cash-starved small and medium-sized enterprises (SMEs) need more public sector help, as there is little appetite among private investors to step in and fill the gap left by retrenching banks, a major study has found. The report, by industry group
      Reuters  -  238 words
    • 409 22 AFP Los Angeles HOLLYWOOD legends Steven Spielberg and George Lucas have sparked debate in Tinseltown after warning that the film industry is set to implode, amid soaring budgets and cable TV rivalry. ET icon Spielberg revealed that his Oscar-winning political biopic Lincoln almost did not
      AFP; PHOTO: AFP  -  409 words

  • Page 20 Advertisements
    • 62 20 The Finder Singapore Download today! IT’S FREE rz www.TheFinder.com.sg binder SHOPPING RESTAURANTS FURNITURE TRAVEL WELLNESS reil FREE TWENTY HOT FINDS c OR your superman COMMUNITY CONNECTIONS 16 Artists, 50 Volunteers 1 Mount Sophia Venue GLOBAL KITCHENS DINING FAVES ■ROUND TOWN ...meet percussionist, teacher and Cuban expatriate Pablo FREE DOWNLOAD Available
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  • Page 21 Advertisements
    • 95 21 MORTGAGE LOAN CALCULATOR Want to know how much monthly instalments you have to pay for your property? www.stproperty.sg/property-tool Key in the price of your property Enter the interest rate, loan tenure and margin of finance Click ‘Calculate’ and we’ll do the math for you! Financing Tools At STProperty.sg, your ideal
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  • Page 22 Advertisements
    • 86 22 FEMALE JUNE ISSUE OUT NOW tmgap SCIENCE FARE Radical aesthetic gizmos doctors endorse THE BEST OF PRE-I HOW FASHION’S IT MUMS-TO-BE ROCK THEIR LOOKS TAUT TRIM ‘.THIGHS ARE m. -if h t Ja I *!1 A Nuxe BB cream worth $29.90* is yours with every copy of Female June *Valid
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  • SGX
    • 8124 23 Transaction date: Jun 14 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 15 11.4 8Telecom 13 12.1 13.7 10.6 0.8 10.7 62.3 8.8 3 A-Sonic 6.3cd +0.2 118 6.3 6 6 6.1 2.1
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    • 1800 26 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 $mil 21.5 15.9 t 800 Super 19.5 19.5 21.5 3.3 5.1 5.8 34.9 6.2 2.8 t AA Grp 3.5 3.1 175 3.4 32 17.2 t APStrategic
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    • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 4 1 0 0 0 10 4 1 Manufacturing 79 32 27 12 1 11 91 33 38 Commerce 30 15 18 7 4 2 37 19 20 Tpt/Stor/Comms 27 5 6
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    • 787 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 10 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Fragrance Grp 13-Jun-13 Lim Wan Looi *Buy 1000 0.24 *****00 73.39 *****00 73.40 Global Premium Hotels 13-Jun-13
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    • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 106,983 106,983 93,447 93,447 Manufacturing 251,757 77,565 329,322 114,022 7,277 121,299 Commerce 228,509 63,333 291,842 111,071 6,226 117,297 Tpt/Stor/Comms 109,517 15,597 125,114 162,950 6,342 169,291 Finance 274,512 434 274,946 228,272 176 228,448 Construction 133,377 38,945
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  • MARKETS
    • 94 27 Jun 13 COCOA (£/tonne) Close Prev High Low Jul 13 1506 1548 1537 1502 Sep 13 1513 1553 1543 1510 Dec 13 1513 1549 1539 1509 Mar 14 1510 1546 1528 1507 COFFEE(US$/tonne) Close Prev High Low Jul 13 1705 1747 1741 1701 Sep 13 1731 1780 1773 1729
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    • 65 27 Jun 14 GOLD(US$/oz) Jun 13 Jun 14 Hong Kong 1398.80 1389.00 Jun 11 Jun 13 London 1375.71 1382.29 1376.48 1383.51 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 27.82 27.04 Source: UOB PLATINUM Lon (US$/oz) Jun 13 Close Previous PM Fix 1458.00 1481.50 AM Fix 1464.00 1483.00 Source:
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    • 53 27 Jun 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 13 2410.0 1065 Jul 13 2405.0 2435.0 2440.0 2403.0 985 6741 Aug 13 2413.0 2439.0 2444.0 2402.0 ***** ***** Sep 13 2415.0 2436.0 2440.0 2404.0 7245 *****
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    • 118 27 Jun 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.229 1.171 Can dollar 1.252 1.204 Euro 1.710 1.629 Sterling pound 2.000 1.924 NZ dollar 1.033 0.994 US dollar 1.275 1.215 Local dollars to 100 units of foreign currency: Currencies Sell
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    • 104 27 Jun 13 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 13 1510.25 1540.75 1543.50 1506.50 Aug 13 1426.75 1445.25 1449.00 1421.75 Sep 13 1341.50 1358.75 1361.00 1335.00 Nov 13 1300.50 1314.25 1319.00 1288.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 13 47.84 48.11 48.30 47.70
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    • STOCK MARKETS
      • 20 27 YTD change: -0.18% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,767.58 on June 14,2012 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • 20 27 YTD change: -7.45% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 18,710.59 on July 25,2012 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • 22 27 YTD change: -4.72% 52-week high: 2,444.80 on Feb 18, 2013 52-week low: 1,949.46 on Dec 4,2012 Source: Bloomberg
        Source: Bloomberg  -  22 words
      • Article, Illustration
        19 27 YTD change: +22.04% 52-week high: 15,942.60 on May 23,2013 52-week low: 8,328.02 on July 25,2012 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • 25 27 YTD change:+15.81% 52-week high: 15,542.40 on May 22,2013 52-week low: 12,450.17 on June 28,2012 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  25 words
    • 68 27 Jun 13 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 104.00 -0.05 WTI (Near Mth) 96.62 0.76 Dubai (1-Mth F) 99.98 -0.01 Tapis blend 106.25 -0.29 Minas 101.25 -0.29 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.56 -0.22 Jet Kerosene 116.44 0.55 US$/barrel OpecOil Basket Price 101.26
      68 words
    • 72 27 Jun 13 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1815.85 1821.25 3 months 1857.00 1864.00 Copper, Grade A (US$/tonne) Cash 7018.50 7087.00 3 months 7050.00 7120.00 Lead (US$/tonne) Cash 2075.50 2107.50 3 months 2085.50 2118.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)
      72 words
    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 13 Index Change Change Change Change Change Change World Preliminary 1034.6 -0.3 10.3 -0.2 11.3 -0.2 8.7 EAFE Preliminary 834.9 -1.3 7.8 -1.1 7.0 -1.0 4.5 Europe Preliminary 1209.1 -0.1 5.4
      373 words
    • 90 27 Jun 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 05-Sep-13 0.25 6-Month BS*****T 13-Dec-13 0.27 1-Year BY*****H 02-May-14 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 99.98 5-Year N*****0T 0.5 01-Apr-18 97.61
      90 words
    • 155 27 Jun 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2002 1.2007 0.9587 0.9590 Canadian dollar 1.2305 1.2311 0.9833 0.9829 Euro 1.6682 1.6684 1.3325 1.3326 NZ dollar 1.0068 1.0071 0.8042 0.8044 Sterling pound 1.9593 1.9599 1.5651 1.5654
      155 words

  • PERSPECTIVE
    • 1038 28 / 29  -  Japan does not yet have access to the negotiating text of the partnership and candidate governments have to wait till they get inside first Anthony Rowley okyo Correspondent THERE is more than a little irony in the fact that when leaders of the Group of
      PHOTO: REUTERS  -  1,038 words
    • 910 28 / 29  -  William Pesek ~The writer is a Bloomberg View columnist Bloomberg SHOULD the US be taking economic lessons from India? Former House Speaker Newt Gingrich thinks so. Perhaps not from India as a whole, but at least from the booming western
      Bloomberg; PHOTO: AP  -  910 words

  • Wealth
    • WEALTH INVESTING
      • 1238 30 / 31  -  Veteran fund manager Angus Tulloch says too much emphasis on the short term leads firms to view risk in terms of underperformance against a benchmark; it should be seen as the likelihood of losing clients’ money Genevieve Cua gen@sph.com.sg Personal Finance Editor CHASING yield is
        PHOTO: YEN MENG JIIN  -  1,238 words
      • 725 30 / 31  -  Compiled by Joyce Hooi Singapore Post Hold OCBC Investment Research June 14 Close: $1.275 SINCE our last report on Singapore Post (SingPost) on May 6, 2013, its share price rose about 8.5 per cent to reach $1.40 in mid-May, but fell by an even greater amount subsequently to
        725 words
      • 840 32  -  The Japan market has gone up so much in such a short period of time, it’s seeing a meaningful correction WEALTH INSIGHTS Kristina Hooper ~The writer is head of Investment and Client Strategies, US, at Allianz Global Investors UNITED States stock
        PHOTO: AP  -  840 words
      • 1477 33  - Equity risk premium an added perspective Professor Aswath Damodaran of the NYU Stern School of Business sees it as a receptacle for investor hopes and fears SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent GLOBAL equities markets especially those outside of the US have gone on roll-er-coaster rides
        1,477 words
    • WEALTH REAL ESTATE
      • 177 34 Bloomberg London HOUSE prices in England and Wales rose to a record in May as government measures to ease credit strains improved the availability of mortgages. The average cost of a home rose 0.4 per cent from April to £233,061
        Bloomberg  -  177 words
      • 868 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAY 15 AND MAY 21, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 21/05/2013 99 1055 3249 3080 Marina Bay Suites Apt 15/05/2013
        868 words
      • 477 35  -  UEM Land changes name to bring its acquisition of and merger with Sunrise Bhd to fruition By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S state-owned UEM Land has changed its name to UEM Sunrise to reflect the builder’s shared identity with high-end developer
        FILE PHOTO  -  477 words
      • 1067 35 NYT Torri del Benaco, Italy WHAT locals call the House of Glass sits in hills above this red-roofed village, on the south-eastern shore of Lake Garda in northern Italy. The large windows that give the house its name provide unbroken views of Italy’s
        NYT  -  1,067 words





  • Page 36 Advertisements
    • 129 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE GRANDE COMPLICATION IS THE ULTIMATE EXPRESSION OF THE WATCHMAKER’S ART. AUDEMARS PIGUET HAS BEEN MAKING SUCH COMPLEX PIECES CONTINUOUSLY SINCE 1882. ONE WATCHMAKER IS RESPONSIBLE FOR EACH WATCH IN ITS ENTIRETY THE 648 INDIVIDUAL PAR TS, THE DETAILED ASSEMBLY AND
      129 words

  • Page 1 Advertisements
    • 73 1 LivingBTTHE BUSINESS TIMES WEEKEND JUNE 15 16 2013 DINING Home-grown cake shops up the ante L5-6 RESTAURANT TAKEOVERS Restaurateurs see making a name change as a new game changer in F&B L2-4 HOME GARDEN Blast from the past L10-11 PHOTO OF SILVIO MORELLI OF AMARONE RESTAURANT: JOSEPH NAIR STYLE Home-grown
      73 words

  • BT Living
    • DINING
      • 3157 2 / 3  -  Want to be a restaurateur? Buying over an existing restaurant may be a faster way than building one from scratch. Debbie Yong investigates the growing business of F&B takeovers Debbie Yong debyong@sph.com.sg AH, to be a restaurateur. It is the coveted title everyone desires to add to
        FILE PHOTOS; PHOTO: JOSEPH NAIR, FILE  -  3,157 words
      • 599 4 Smoke Shack 13 Duxton Hill (previously Wok Barrel) Opens mid July UNFAIR comparisons? High expectations? No sweat. Taking over a shophouse unit once home to a restaurant as prominent as Singaporean fusion restaurant Wok Barrel is not something that fazes Nick Iman. Never mind
        PHOTO: JOSEPH NAIR  -  599 words
      • 1630 5  -  Whether it’s a famous overseas bakery chain or an ambitious indie set-up, there’s just no stopping the wave of new bakeries in town. BT Weekend spotlights three home-grown cake shops whose owners are willing to take the plunge to realise their passion By Tan Teck
        PHOTOS: ARTHUR LEE  -  1,630 words
    • DESIGN
      • Article, Illustration
        1903 7  -  Fourteen new furniture names make their marque here, each with its own distinct artisanal style. By Tay Suan Chiang By Tay Suan Chiang SHOPPING for the home just got more fun with at least 14 new brands entering the Singapore market for the first time. And there is
        1,903 words
    • HOME & GARDEN
      • 1084 10 / 11  -  Vincent Lim and Sherry See’s home has an old kopitiam feel and they have filled it with retro pieces similar to the ones they grew up with. personal space By Tay Suan Chiang taysc@sph.com.sg VINCENT Lim and Sherry See are only in their early 30s, but
        PHOTOS: YEN MENG JIIN  -  1,084 words
    • STYLE
      • 1595 12 / 13  -  Home-grown designers eschew the avant-garde path, creating accessible classics for the masses, rather than appeal to a hipper-than-thou niche. By May Yip By May Yip btnews@sph.com.sg FASHION school graduate shows used to be exercises in self-indulgence, brimming with poor imitations of Comme des Garcons-inspired deconstructed works
        1,595 words
    • GADGETS
      • 599 14  -  Top-of-the-line cameras from Sony, Olympus and Samsung grapple with balancing size with performance. By Christopher Lim By Christopher Lim limchris@sph.com.sg Olympus PEN E-P5 $1,388 for body only; $1,998 for body, viewfinder and F1.8 lens WHEN mirrorless cameras first came out a few years ago, they had to
        599 words
    • HEALTH
      • 1269 15  -  There are various treatment options available for blockage of heart arteries, something that is increasingly afflicting older adults. By Michael Lim By Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke and Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of
        PHOTO: A*STAR  -  1,269 words
    • SPORTS
      • 840 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent RARELY has Singapore seen so many English Premier League (EPL) stars descend upon these shores almost all at once. The world’s most watched football league may be in its annual summer recess, but football fever reached
        PHOTOS: DESMOND FOO/THE STRAITS TIMES, AP  -  840 words
    • GOLF
      • Article, Illustration
        375 17  -  Team Singapore win both Prudential Causeway Trophy and Causeway Cup. By Justine Moss LAST weekend was a good one for Singapore golf, with its professionals bagging the inaugural Prudential Causeway Trophy, and its amateurs, the Causeway Cup. The Team Singapore pros, led by captain Lip Ooi, outclassed Team
        PHOTO: LAGUNA NATIONAL GOLF & COUNTRY CLUB  -  375 words
      • 490 17  -  By Justine Moss btnews@sph.com.sg WITH this year’s Great Singapore Sale (GSS) in full swing, there are a whole host of bargains to be snapped up at various retail, online and warehouse golfing stores here. BT checks out some of the more exceptional equipment and apparel deals. Golf Simply
        490 words
    • MOTORING
      • Article, Illustration
        619 18  -  The face-lifted Mercedes-Benz E250 Saloon gets new technology and equipment. By Samuel Ee By Samuel Ee samuelee@sph.com.sg PANIC or confidence can move markets but it appears one car has the ability to raise COE premiums single-handedly. The recent launch of the new Mercedes-Benz E-Class is said to have
        619 words
      • 550 19  -  The Koenigsegg brand returns to Singapore with the $5.3m Agera S. By Samuel Ee samuelee@sph.com.sg SSANGYONG distributor Motorway Group has taken on another franchise, one that is decidedly more high-end Koenigsegg. The wedish supercar costs $5.3 million and the blue Agera S unveiled yesterday at a
        PHOTOS: JOSEPH NAIR  -  550 words
      • Article, Illustration
        698 20  -  Which of the three Jaguar F-Type variants would you choose? By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE Jaguar F-Type will be here very soon and if you’re still not sure which of the three variants to choose, here’s a tip you won’t go wrong picking the
        698 words



  • Page 6 Advertisements
    • 823 6 wine&dine with BTWeekend Peach Blossoms Level 5, Marina Mandarin Singapore 6 Raffles Boulevard Classic Indulgence for Dad Till 16 June 2013 There is no better way to celebrate Father’s Day than bringing him for a traditional Cantonese meal with a modern touch! Satiate your palate with Chinese Executive Chef Chan
      823 words





  • Page 14 Advertisements
    • 27 14 HOME NEEDS Find professional electricians. To find out more, turn to CLASS 96 in CATS Classified in The Straits Times now. WAT3 BUY IT• SELL IT-FIND IT
      27 words