The Business Times, 22 June 2013

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Total Pages: 46
1 20 The Business Times
  • 18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JUNE 22-23, 2013 S$1.00 MICA (P) 075/08/2012 spi A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • 35 1 TAPERING FEARS THE “great unwinding” of positions in Asian and other emerging market stocks continued yesterday, although the pace of adjustment slowed as investors sought to regain their bearings. 2
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  • 27 1 RISK MANAGEMENT FROM July 1 next year, banks and other financial institutions will be legally bound to meet certain IT requirements. 6
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  • 29 1 SIA PURCHASE SINGAPORE Airlines’ proposed increase of its stake in Virgin Australia is slated to be completed by the end of next week. 13
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  • 32 1 TEPID IPO MALAYSIAN long-haul budget carrier AirAsia X’s initial public offering yesterday raised US$308.6 million, fetching a price that was near the lower end of market expectations. 19
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  • 870 1  -  Indonesian official names them as among eight companies responsible for the haze By Lee U-Wen leeuwen@sph.com.sg Singapore INDONESIA has pinpointed eight companies including PT Sinar Mas Agro Resources and Technology (Smart) and Singapore-headquar-tered Asia Pacific Resources International (April) as being responsible for the
    PHOTO: YEN MENG JIIN  -  870 words
  • 1094 1  -  By Virginie Mangin btworld@sph.com.sg Beijing AFTER capturing the Chinese market, WeChat, the free interactive messaging service created by Internet giant Tencent, is now seducing users overseas. It is competing head on with similar applications such as WhatsApp from the United
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  • Page 1 Advertisements
    • 34 1 the business www. usinesstimes.com. THE RAFFLES CONVERSATION JULIUS BAER CEO BORIS COLLARDI 10-11 SHOW ME THE MONEY Neoliberalism and the haze 33 MOTORING Solid a s a VW Golf L18 LIVING Bespoke furniture L2-5
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  • TOP STORIES
    • 611 2  -  Nikkei rises and currency markets stabilise a little after Thursday’s pounding By Anthony Rowley btworld@sph.com.sg Tokyo THE “great unwinding” of positions in Asian and other emerging market stocks continued yesterday after Federal Reserve chairman Ben Bernanke signalled an early end to monetary easing in
      611 words
    • MARKETS
      • 58 2 HSTI 3,124.45 (-8.81) HSTI FUTURES 3,124.00 (-9.00) HSIMSCI 350.40 (-0.83) HSIMSCI FUTURES 350.60 (-0.30) Friday Change KL COMP 1,755.85 -6.49 NIKKEI 225 13,230.13 +215.55 HANG SENG 20,263.31 -119.56 SET 1,400.50 -1.69 JAKARTA 4,515.37 -114.62 MANILA 6,182.17 -144.50 KOSPI 1,822.83 -27.66 SHENZHEN B 784.94 +2.18 MUMBAI IND 18,774.24 +54.95 12noon
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      • 29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.388 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$) 1.275 (US$/S$ per 1.548 1.974 EURO(US$/S$/€ 1.322 1.686 Foreign currency per US$ S$ YEN 97.90 76.80 RM 3.207 2.516 HK$ 7.756 6.085 BAHT 31.18 24.46 RUPIAH 9,938 7,797 RENMINBI 6.131 4.810 INDIAN RUPEE 59.29 46.51 A$ 1.084 0.851 NZ$ 1.288 1.010
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    • 735 4  -  Severe impact on economy and society must be taken into account, says Ng Eng Hen By Lee U-Wen leeuwen@sph.com.sg Singapore AN order to widely restrict work on account of the haze would severely impact the Singapore economy and society, said Dr Ng Eng
      735 words
    • 498 4  -  By Ronnie Lim ronnie@sph.com.sg Singapore POWER demand here spiked this week, especially with consumers turning up airconditioners to beat the haze and heat. “Peak electricity demand here has gone up by some 200 megawatts (MW), or 2 per cent, to reach
      498 words
    • 521 6  -  MAS releases notice on technology risk management defining requirements with original proposals tweaked By Teh Shi Ning tshining@sph.com.sg Singapore FROM July 1 next year, banks and other financial institutions (FIs) will be legally bound to meet certain IT requirements. These include obligations to
      521 words
    • 672 6  -  SATURDAY SOAPBOX Joyce Hooi joyceh@sph.com.sg Correspondent THE world reacted with incredulity yesterday when it discovered what a “Singapore” was. Some clues to the existence of the city-state began emerging on Wednesday, when millions of orders for respiratory masks began
      PHOTO: BLOOMBERG  -  672 words
    • 787 8  -  It’s touting itself as a holiday, travel and conference destination By Ng Zhuo Yang ngzy@sph.com.sg Singapore WHICH country comes to mind at the mention of cheese, chocolates and clocks? Switzerland, of course. While the Federal Republic is not about to seek changes to the image
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    • 507 8 AFP Shanghai THE interest rate that China’s banks charge to lend money to each other fell sharply yesterday, providing respite from a liquidity squeeze, but analysts warned that the cash crisis is raising worries over the already slowing economy. The seven-day repurchase rate a benchmark
      AFP  -  507 words
  • Page 2 Advertisements
    • 99 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 Design L2-5 Dining L6-7 Style L8-9 Home Garden L10-11 Travel L12-13 Gadgets
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  • Page 3 Advertisements
    • 88 3 Singapore Symphony Orchestra A Sensational 2OI3A4 Season Awaits! JOSHUA TAN Associate Conductor LAN SHUI Music Director SUMI JO CHEN SA VALERIY SOKOLOV ANNALENA PERSSON Tickets for Lang Lang Gala concert and recital available from 15 Jul. Tickets for Gil Shaham, Sumi Jo and Annalena Persson concerts available from 8 Oct.
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  • Page 4 Advertisements
    • 30 4 JACKPOT Estimated Draw on Mon, 24 Jon 2013 at 6.30om 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 5 Advertisements
    • 989 5 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Portigon /inr'nrnoratoH in the* Rf (incorporated in the Federal Republic of Germany) Financial Accounts for the year ended 31 December 2012 Group Balance Sheet Liabilities to customers Certificated liabilities Liabilities under repurchase agreements Trading liabilities Derivatives held in trust (inc. cash collateral)
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  • Page 7 Advertisements
    • 84 7 AFFORDABILITY CALCULATOR Helps you determine how much loan you can get based on your budget for monthly payments. www.stproperty.sg/property-tool Key in your budget for monthly property payments Choose your loan tenure and interest rate Financing Tools AFFORDABILITY CALCULATOR Monthly Budget Loan Tenure Monthly Budget 2000 30 Years 0 3.5 O
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  • Page 8 Advertisements
    • 31 8 The Finder Singapore Download today! IT’S FREE Hi FAMILY I f 5 par FREE DOWNLOAD Available on the *no««o»wo.. U App Store f* Google play JUST 4 KIDZ OUT NOW! sPHmagazines
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK June 17-21, 2013
      • 63 9 SINGAPORE may gain from its first-mover position for business trusts in the region, market watchers say, even if historical performance is mixed and amid a recent dip in sentiment for yield plays. The Singapore Exchange has seen five business trust listings since the start
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      • 44 9 STOCKMARKET predictions for the coming months are likely to be worth less than the paper they are written on. The slide in both developed and especially emerging market bonds have caused stock markets to behave erratically.
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      • 63 9 SINGAPORE’S key non-oil domestic exports fell more than expected in May despite a weaker Sing dollar, but this does not necessarily spell doom for the economy in the April-June quarter. Instead of seeing the faltering NODX dragging down the GDP, some
        63 words
      • 35 9 BOLSTERED by keen interest in city-fringe homes, new private home sales climbed 5.4 per cent in May to 1,455 units, reversing April’s 50 per cent drop.
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      • 41 9 AS Singapore peers into a future where technology is indistinguisha- ble from media, the government has set about arming itself with the new Infocomm Media Masterplan that will see it into 2025.
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      • 31 9 THREE container line titans Maersk Line, MSC Mediterranean Shipping Company, and CMA CGM have formed a new alliance to manage their capacity better.
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      • 42 9 US CONSUMER prices rose in May and a gauge of underlying price pressures showed signs of stabilising after a long decline, a potential comfort to Federal Reserve policymakers who would like to see stronger inflation.
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      • 50 9 A SPECIAL dividend awaits shareholders of Overseas Union Enterprise. Its executive chairman Stephen Riady said it will make a payout to shareholders following the listing of its hospitality and retail real estate investment trust, which is expected to be launched soon pending market conditions.
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      • 31 9 A UK Parliamentary Commission’s damning report on banking standards has urged radical changes, including criminal sanctions and jail for reckless mismanagement and deferred bonuses.
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      • 42 9 CERTIFICATE of entitlement prices continued to climb across the board at the close of Wednesday’s bidding exercise, with premiums for the open category and for cars above 1,600 cc both breaching the $80,000 mark.
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      • Article, Illustration
        29 9 The three-hour PSI hit an all-time high of 371 at 1pm on Thursday, which is classified under the “hazardous” range. PHOTO: YEN MENG JIIN PHOTO: YEN MENG JIIN
        PHOTO: YEN MENG JIIN  -  29 words
      • 65 9 AS the city gasped for air, the economic fallout of the haze threatened to choke businesses. Consum-er-driven industries were the first to get hurt, with the taxi business seeing a 25 per cent drop in commuters. Companies will not be able to take
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      • 50 9 WORK ground to a halt at three upcoming train stations on Wednes- day after Alpine Bau, the main contractor, filed for insolvency. It had been building Downtown Line Stage 2’s King Albert Park, Sixth Avenue, and Tan Kah Kee Stations.
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      • 32 9 CHINA’S flash HSBC Purchasing Managers’ Index for June dropped to a nine-month low on Thursday, pointing to continuing weakness in local and external demand.
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      • 51 9 STOCK prices, currencies and commodities all took a severe hammering in Asian markets on Thursday after US Federal Reserve chairman Ben Bernanke confirmed on Wednesday that the Fed is planning to begin pulling the plug on its massive monetary easing programme later this
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    • 86 9 US DATA June 25 May durable goods orders May new home sales June consumer confidence June 28 June Chicago PMI SINGAPORE DATA June 24 May inflation June 26 May index of industrial production June 28 May producer and industrial trade price indices EVENTS June 25 Indian
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  • Page 9 Miscellaneous
    • 304 9 CRYPTIC CROSSWORD Across 1 Transferred between banks (7) 5 Sailor held by a devout Buddhist state (7) 9 Gout’s disrupted zest for life (5) 10 Call to mind (2,7) 11 One all a-flutter for Real Madrid running around (3,7) 12 Bill born with spots on the face (4) 14 Item
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    • 16 9 SATURDAY with Ludwig ‘The mask protects against the haze, it also helps to avoid my creditors
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  • RAFFLES CONVERSATION
    • 1511 10 / 11  -  Julius Baer CEO Boris Collardi is putting his money on a ‘second coming’ of Switzerland as a financial centre, even if Singapore is the bank’s second home. By Siow Li Sen By Siow Li Sen lisen@sph.com.sg SWISS banker Boris Collardi remains convinced that Switzerland will not cede
      BLOOMBERG  -  1,511 words
    • 663 10 / 11 JULIUS Baer Group CEO Boris Collardi’s schooling and career path could turn out to be the model that Singapore is looking for in trying to steer young people away from the notion that well paying jobs only come with a degree. The government recently has been
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  • COMPANIES
    • 937 12  -  Market rout is a buying opportunity as ‘taking smart risks’, instead of sticking to ‘supposedly safe assets’, is seen as becoming a necessity By Cai Haoxiang haoxiang@sph.com.sg London THE global stock market selloff sparked by the US Federal Reserve, signalling an end to easy
      PHOTO: AP  -  937 words
    • 556 12  -  By Cai Haoxiang haoxiang@sph.com.sg London THE recent selloff in Chinese equities is overdone, said Christina Chung, Allianz Global Investors’ senior portfolio manager of Chinese equities, who oversees US$4.5 billion of China and Hong Kong stocks. Investors with a medium and long-term view should consider entering
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    • 308 13  -  Announcement by Singapore carrier comes after FIRB confirms it won’t object to the move By Joyce Hooi joyceh@sph.com.sg Singapore SINGAPORE Airlines’ (SIA) proposed increase of its stake in Virgin Australia is slated to be completed by the end of next
      PHOTO: BLOOMBERG  -  308 words
    • 162 13  -  By Maria Mala Yogalingam ymaria@sph.com.sg Singapore CHANGI Airports International (CAI), a wholly owned subsidiary of Changi Airport Group, and three partners from Russia, have signed a memorandum of understanding (MOU) for the development of Russia’s Vladivostok International Airport and the airport infrastructure into
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    • 374 13  -  By Ong Chor Hao ongch@sph.com.sg Singapore PROPERTY developer Oxley Holdings has expanded its overseas presence again, this time embarking on a joint venture to develop a 12-hectare freehold plot of land in Penang for residential use. It said in a regulatory filing yesterday
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    • 676 14  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent THERE was a very strong element of “buy in anticipation, sell on news” at play this week as the Straits Times Index rose almost 100 points starting from Friday last week ahead of this week’s Federal Open
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    • 171 14 VOL CLOSE Medtecs 1 29,629 9 1 0.7 8.3 Healthway 91,333 8 5 0.2 2 4 Innopac 78,522 13 8 0.7 4 .8 YHM 76,583 4 0.0 0.0 Transcu Grp 70,019 1 0.7 .1 0.1 8.3 Go l den Agr i 62,727 55 0.5 0.9 NexGenSCom 47
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    • 112 14 Stock name Close Change CapMallsAsia 1.795 -0.010 CapitaLand 3.050 -0.070 CapitaMall 1.950 -0.050 CityDev 10.50 +0.030 ComfortDelGro 1.800 +0.035 DBS Grp 15.45 -0.150 GLP 2.650 +0.020 Genting SP 1.360 Golden Agri 0.550 -0.005 HK Land 6.500 -0.110 HPH Trust US$ 0.745 -0.005 JMH 59.11 -0.610 JSH 37.58 -0.200
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    • 422 14  -  By Mindy Tan tanmindy@sph.com.sg Singapore UNITED SM Holdings intends to make a voluntary unconditional cash offer of 88 cents per share for Guthrie GTS Limited in a move to take the company private. According to the offerer, delisting Guthrie would
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    • 62 14 BY CENTS CLOSE UP DBXT S&P Short 10US$ 3053 33.1 0.9 IS MS India 100US$ 577 29.3 4.2 Hotel Prop 330 19.0 6.1 Keppel Corp 1058 10.0 1.0 DBS BP ePW*****2 29 9.5 48.7 Lyxor China H 10US$ 1242 7.6 0.5 Wilmar BPeCW*****2 23 7.1 44.7 PLife REIT
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    • 63 14 BY CENTS CLOSEDOWN SPDRS S&P 500 10US$ ***** -811.6 -3.8 IS S&P500 ***** -356.7 -1.7 DBXT Nifty 10US$ 9600 -262.5 -2.1 DBXT SPASX200 10US$ 3463 -224.2 -4.8 Lyxor AsiaRE 10US$ 950 -173.3 -12.5 DBXT STGLDv100 10US$ 2893 -158.0 -4.1 GLD 10US$ ***** -154.2 -1.0 DBXT E50 10US$ 4127
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    • 416 15  -  Marco Polo unit acquires AHTS vessel for US$1 8m from a distressed yard By Lynn Kan lynnkan@sph.com.sg Singapore COSCO Corporation (Singapore) continues the trend of Chinese shipyards winning contracts for offshore rigs and floating units. Cosco (Nantong) Shipyard, a subsidiary of Cosco
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    • 286 15  -  By Lynn Kan lynnkan@sph.com.sg Singapore THE Pollutants Standards Index (PSI) wasn’t the only reading to heat up yesterday. Two healthcare small-cap counters blazed to the top of trading activity on the local bourse while the haze from Indonesian forest fires pushed the PSI
      Source: Bloomberg  -  286 words
    • 194 15  -  By Ong Chor Hao ongch@sph.com.sg Singapore PLASTIC bottle maker Full Apex (Holdings) has taken a syndicated loan of US$46 million to refinance existing debts and for general funding requirements. In a regulatory filing yesterday, the Bermuda-incorporated company said that its wholly-owned subsidiary, Jetzen
      194 words

  • Page 13 Advertisements
    • 48 13 S" Si ‘p'S jm s,», tHbloc potent/a|Pi 7 |i- 55M/ Sun 4pm. 1755 sqft --63sf. Z IZ Z* 20 ab °ve n °*g s£Zt w LOOKING FOR SEA VIEW? Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT-SELL IT-FIND IT
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  • Page 14 Advertisements

  • Page 15 Advertisements
    • 897 15 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) PURSUANT TO SECTION 290(1)(b) At an Extraordinary General Meeting of HENG BEE COMPANY (PRIVATE) LIMITED (Company Registration No. *****0181W) duly convened on 18 June 2013 at 10.00 a.m. at 25 International Business Park #04-22/26, German Centre, Singapore *****6, the
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  • FROM THE DESK OF
    • 1144 16  -  As the smartphone opens doors to a mobile messaging revolution, providers will need to develop cross-device, cross-platform, cross-media features to keep users happy FROM THE DESK OF Mike Frausing Senior vice-president and general manager, Acision THE current mobile landscape has changed significantly over the last
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  • SINGAPORE
    • 309 17  -  Proceeds from the 5-bank club deal to be used mainly for debt refinancing By Ronnie Lim ronnie@sph.com.sg SENOKO Energy, Singapore’s largest generating company, has just closed a $2.6 billion syndicated loan. Announcing this yesterday, the genco, with an installed capacity of 3,300 megawatts, said that
      309 words
    • 449 17  -  By Lynn Kan lynnkan@sph.com.sg AS the Pollutants Standards Index (PSI) soared over 400 yesterday, the Singapore Shipping Association (SSA) expressed “grave concerns” about the safety of navigation in the Singapore and Malacca straits, among the busiest trading waterways of the world.
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    • 419 17  -  99-year leasehold development set to unlock market value By Ong Chor Hao ongch@sph.com.sg THE rebirth of the Red House in Katong and its five adjacent shophouses as an integrated commercial and residential project made further progress yesterday, following its launch. The
      419 words
    • 1033 18  -  Professional photography is seeing such a sea change that players must up their game for a solid foothold By Benjamin Aw benaw@sph.com.sg WHEN Jean Loo picked up her camera five years ago to shoot full time for a living, she knew she was taking
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  • Page 18 Advertisements
    • 210 18 THE BUSINESS TIMES SATURDAY SPECIAL $70 off the Promotional Set Menu! Enjoy a Promotional Set Menu at the discounted price of $98++ (U.P. $168++) Venue: Canton Paradise, 112 Katong 112 East Coast Road, #B1-15, Singapore *****2 Tel: 6344 8201 Website: http://www.paradisegroup.com.sg Terms Conditions Valid through 22 June 6 July 2013
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  • WORLD
    • 493 19 Carrier prices offering at RM1.25 per share, against indicative range of RM1.15 to RM1.45 Bloomberg AFP Kuala Lumpur MALAYSIAN long-haul carrier AirAsia X’s initial public offering yesterday raised US$308.6 million, fetching a price that was near the lower end of market expectations. The airline
      Bloomberg; AFP; PHOTO: BLOOMBERG  -  493 words
    • 476 19 AP New York FACEBOOK is adding video to its popular photo-sharing app Instagram, following on the heels of Twitter’s growing video-sharing app Vine. Instagram co-founder Kevin Systrom said users will be able to record and share 15-second clips by tapping a video icon
      AP  -  476 words
    • Briefing
      • 104 19 Bloomberg Washington US banks and savings institutions had trading revenue of US$7.5 billion in the first quarter, a 7 per cent increase from a year earlier, the Office of the Comptroller of the Currency said in a report. “As we see
        Bloomberg  -  104 words
      • 83 19 Reuters Zurich The Swiss government will consider ways to allow its banks to hand over information to US authorities either next Wednesday or a week later, a spokesman said yesterday, later than previously indicated. The government is under pressure to find a
        Reuters  -  83 words
      • 117 19 AP St Petersburg President Vladimir Putin says Russia will channel at least US$43 billion toward ambitious infrastructure projects to upgrade ageing roads and railways. Russia is struggling to spur economic growth, which is expected to be only 2.4 per cent this year, the
        AP  -  117 words
    • 681 20 Rulings show Supreme Court is divided; liberal groups claim it’s pro-business Reuters Washington IN a series of rulings this year, the US Supreme Court has steered a consistent course against consumers or small businesses that want to bring class action lawsuits
      Reuters  -  681 words
    • 265 20 Reuters Tokyo A RISING number of Japanese firms are expecting profit growth this business year on a weaker yen and improving consumer sentiment, with recent volatility in financial markets having little effect on most earnings outlooks, the Reuters Corporate Survey showed. The proportion
      Reuters  -  265 words
    • 501 21 It may seek to restructure the Malaysian bank and take it public again later Bloomberg Kuala Lumpur RHB CAPITAL’S biggest shareholder, the Employees Provident Fund (EPF), is considering buying the rest of the US$6.6 billion Malaysian lender, a person with knowledge of the matter
      Bloomberg  -  501 words
    • 612 21  -  By Alan Wilkins THE third Grand Slam tournament of the year, Wimbledon, begins on Monday. The men’s field is wide open, given the mixed form of the so-called Big Four. Rafael Nadal, the fifth seed this year, has been unstoppable since returning
      PHOTO: AFP  -  612 words
    • 441 21 It’ll ship 300,000 bpd more from the second half of the decade Reuters St Petersburg RUSSIA’S Rosneft has agreed to double oil supplies to China, in a deal it valued at US$270 billion, as the energy champion shifts its focus
      Reuters  -  441 words
    • 501 22 AFP Beijing THE European Union’s trade chief yesterday said that Brussels desires a speedy end to a trade dispute with Beijing over tariffs that it imposed on Chinese solar panels, but suggested that any resolution could take time. “The EU
      AFP  -  501 words
    • 628 22 But finance ministers say that operational details need to be worked out AP Luxembourg EURO finance ministers have agreed on broad guidelines on how to use the bloc’s permanent bailout fund to rescue banks from failure, delivering on a longpromised goal to stabilise the
      AP; PHOTO: AFP  -  628 words

  • Page 20 Advertisements
    • 71 20 Check out these positions and 400 more in CATS Recruit today! Marina Centre Holdings is recruiting a Finance Manager Singapore Flying College has a vacancy for a Chief Instructor Mapletree Investments has a position open for a Manager/ Assistant Manager, Investment Media Development Authority is looking for Deputy or Assistant
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    • 32 20 I T SMAPORES I HOT «°msr I ms LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG FACEBOOK.COM/HOTFMSG I 3* HOTFMSG
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  • Page 22 Advertisements
    • 51 22 www.omy.sg Get the latest PSI readings and haze updates on www.omy.sg r\ Don't miss free stickers! &&LInvite friends to LINE! r* m %Sf flits 4DD Friday SINGAPORE WEATHER 27°C 34°C I 3-HOUR PSI IS 245 AT 02 PM ON 21 JUN Download omy Apps omy News ios App store Google
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  • SGX
    • 8101 23 Transaction date: Jun 21 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 12.9 -0.1 79 12.9 12.9 13 10.6 0.9 10.7 61.8 8.8 3 A-Sonic 6.2cd -0.1 481 6.3 6
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    • 1769 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 $mil 21.5 15.9 t 800 Super 19 -0.3 44 19 19 19 21 3.3 5.3 5.7 34 6.2 2.8 t AA Grp 3.5 2.9 5.1 175
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    • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 2 0 0 0 7 6 2 Manufacturing 31 64 40 10 3 11 41 67 51 Commerce 20 23 14 3 2 5 23 25 19 Tpt/Stor/Comms 9 21 10
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    • 802 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 17 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Mencast Hldgs 20-Jun-13 Sim Soon Ngee Buy ***** ***** 21.43 ***** 21.57 Mencast Hldgs 20-Jun-13 Sim Soon
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    • 121 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 40,417 40,417 97,204 97,204 Manufacturing 311,196 327,531 638,727 283,458 26,951 310,408 Commerce 156,206 45,166 201,372 111,607 4,217 115,824 Tpt/Stor/Comms 149,732 19,739 169,471 258,002 7,935 265,937 Finance 119,957 73 120,030 240,359 31 240,390 Construction 99,718 76,984
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  • MARKETS
    • 94 27 Jun 20 COCOA (£/tonne) Close Prev High Low Jul 13 1415 1436 1437 1413 Sep 13 1431 1448 1451 1429 Dec 13 1442 1458 1460 1440 Mar 14 1445 1461 1464 1443 COFFEE(US$/tonne) Close Prev High Low Jul 13 1721 1779 1768 1705 Sep 13 1736 1795 1785 1717
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    • 65 27 Jun 21 GOLD(US$/oz) Jun 21 Jun 20 Hong Kong 1310.00 1324.00 Jun 20 Jun 19 London 1296.40 1373.46 1297.15 1374.23 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.88 25.10 Source: UOB PLATINUM Lon (US$/oz) Jun 20 Close Previous PM Fix 1391.00 1437.00 AM Fix 1400.00 1439.00 Source:
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    • 57 27 Jun 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 13 2433.0 2431.0 2437.0 2418.0 402 3310 Aug 13 2446.0 2446.0 2454.0 2433.0 4359 ***** Sep 13 2438.0 2439.0 2444.0 2421.0 ***** ***** Oct 13 2430.0 2433.0
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    • 90 27 Jun 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-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 99.77 5-Year N*****0T 0.5 01-Apr-18 96.32
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    • 155 27 Jun 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1750 1.1760 0.9222 0.9223 Canadian dollar 1.2262 1.2279 0.9630 0.9624 Euro 1.6847 1.6864 1.3223 1.3226 NZ dollar 0.9891 0.9906 0.7763 0.7769 Sterling pound 1.9728 1.9745 1.5484 1.5485
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    • 118 27 Jun 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.202 1.145 Can dollar 1.252 1.204 Euro 1.724 1.642 Sterling pound 2.013 1.936 NZ dollar 1.015 0.976 US dollar 1.300 1.239 Local dollars to 100 units of foreign currency: Currencies Sell
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    • 104 27 Jun 20 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 13 1497.50 1523.00 1522.00 1495.75 Aug 13 1420.75 1447.00 1443.50 1419.00 Sep 13 1325.50 1352.75 1350.00 1324.25 Nov 13 1285.00 1310.75 1309.00 1282.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 13 48.40 49.35 49.39 48.36
      104 words
    • STOCK MARKETS
      • 19 27 YTD change:-1.35% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,798.84 on June 22,2012 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • 21 27 YTD change: -10.56% 52-week high: 23,944.74 on Feb 4, 2013 52-week low: 18,710.59 on July 25,2012 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • 22 27 YTD change: -8.64% 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: +27.27P% 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:+12.62% 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 20 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 103.05 -3.12 WTI (Near Mth) 94.67 -3.15 Dubai (1-Mth F) 101.09 -2.18 Tapis blend 107.82 -2.38 Minas 104.27 -2.38 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.44 -1.12 Jet Kerosene 118.37 -1.68 US$/barrel OpecOil Basket Price 101.40
      68 words
    • 72 27 Jun 20 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1752.00 1783.75 3 months 1797.50 1830.00 Copper, Grade A (US$/tonne) Cash 6738.50 6925.75 3 months 6770.00 6960.00 Lead (US$/tonne) Cash 2005.75 2053.75 3 months 2018.00 2066.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      72 words
    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 20 Index Change Change Change Change Change Change World Preliminary 1027.3 -2.0 9.5 -1.3 11.8 -2.9 7.0 EAFE Preliminary 831.6 -2.6 7.4 -3.0 6.7 -4.6 2.1 Europe Preliminary 1182.3 -3.1 3.1
      373 words

  • PERSPECTIVE
    • 1060 28 / 29  -  There are a number of striking similarities between the current protests in Turkey and the recent events in Russia. By Marcus Svedberg By Marcus Svedberg ~The writer is chief economist, East Capital, an asset management firm specialising in the financial markets in Eastern Europe and East Asia
      PHOTO: REUTERS  -  1,060 words
    • 849 28 / 29  -  Robert Samuelson The Washington Post Writers Group IN THE economic history of our time, June 6, 2013, ought to occupy a special place. That is the day the US Federal Reserve disclosed that the net worth of American households the value of
      The Washington Post Writers Group; PHOTO: AFP  -  849 words

  • Wealth
    • WEALTH INVESTING
      • 1348 30 / 31 Investors are finding that stocks, commodities, bonds and other currencies are falling in unison for the first time since 2011 Bloomberg New York THE dollar is proving to be investors’ only haven as stocks, commodities, bonds and other currencies fall in unison
        Bloomberg; PHOTO: BLOOMBERG  -  1,348 words
      • 840 30 / 31  -  Compiled by Lynn Kan Singapore hospitality Neutral OCBC Investment Research| June 21| FOR January to April, revenue per available room (RevPAR) for Singapore hotels fell 2.6 per cent year on year to $218. And while visitor arrivals rose 6.4 per cent in Q1 2013, gross lettings for the
        840 words
      • 1340 32 Sentiment down as prices drop to lowest level since September 2010 after Fed says it may start tapering QE Bloomberg London GOLD traders are the most bearish in 31/2 years after prices fell to the lowest since 2010 following Federal Reserve chairman
        Bloomberg; PHOTO: REUTERS  -  1,340 words
      • 1238 33  -  Neoliberalism is the capitalism holding sway today, with capital controlling much of the politics around the world SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder AS SINGAPORE is shrouded in the worst ever haze in
        PHOTO: ARTHUR LEE  -  1,238 words
    • WEALTH REAL ESTATE
      • 1122 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAY 22 AND MAY 28, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 22/05/2013 99 710 1740 2449 The Clift Apt 22/05/2013 99
        1,122 words
      • 1444 35 Homes in US still affordable as prices are 28% below 2006 peak and mortgage rates remain near historic lows Bloomberg Boston DERRICK Bulaich locked in a home-loan rate of 4.6 per cent last week, prompted by a surge in US borrowing costs as investors
        Bloomberg; PHOTO: BLOOMBERG  -  1,444 words





  • Page 36 Advertisements
    • 166 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CLASSICAL PURITY IS THE DEFINING AESTHETIC OF THE JULES AUDEMARS COLLECTION. FOR CENTURIES THE ARTISAN HAS KNOWN THAT IT IS EASIER TO ADD THAN TO SUBTRACT HERE HOWEVER THE MASTERY OF THE ESSENTIAL HAS PRODUCED A WATCH OF RARE PRESENCE AND
      166 words

  • Page 1 Advertisements
    • 61 1 LivingBTTHE BUSINESS TIMES WEEKEND JUNE 22-23, 2013 CUSTOM DICTATES Forget run of the mill designer decor. The house-proud are going the bespoke route. L2-5 HOME GARDEN A house is not a home L10-11 DINING Tipples and nibbles L6-7 STYLE Band of insiders L8-9 SPACE SENSE STUDIO TRAVEL Miami nice L12-13
      61 words

  • BT Living
    • DESIGN
      • 3392 2 / 3  -  Forget run of the mill designer decor. The houseproud and design-conscious are going the bespoke route, commissioning pieces that will be uniquely personal and one of a kind. By Tay Suan Chiang By Tay Suan Chiang AS people become more houseproud, getting furniture off the shelf doesn’t cut
        3,392 words
    • DINING
      • 2073 6 / 7  - Tipples nibbles Three bottle shops add an F&B element to pull in the crowds. By Debbie Yong debyong@sph.com.sg Napoleon 206 Telok Ayer Street Z6221 9282 Hours: 11.30am-11.30pm (Mon-Fri), 5pm-11.30pm (Sat) IF Jean-Christophe Cadoret had it his way, wine-buying would be like clothes-shop-ping one should always get to try them on
        PHOTOS OF MERCHANTS BY JOSEPH NAIR; PHOTOS: JOHN HENG  -  2,073 words
    • STYLE
      • 1840 8 / 9  -  When it comes to the crowded scene of new boutiques, multi-brand stores stand out as retail’s coolest game-changers. By May Yip By May Yip btnews@sph.com.sg WITH a store design inspired by the gardens and salons of the famed Versailles palace in France, a budget of almost $2.5
        PHOTOS: YEN MENG JIIN  -  1,840 words
    • HOME & GARDEN
      • 1200 10 / 11  -  Calsia Lee is not one to be sentimental about the abode she lives in, having moved house several times. But that doesn’t mean her residence isn’t well-furnished or stylish. Far from it. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg THERE
        PHOTOS: JOSEPH NAIR  -  1,200 words
    • TRAVEL
      • Article, Illustration
        1485 12 / 13  -  The game has changed. Luxury travel is no longer about white gloves and silver service, as last week’s travel trade show LE Miami confirmed. By Daven Wu By Daven Wu I T used to be that luxury travel translated into a photo-op in front of the Eiffel Tower,
        1,485 words
    • GADGETS
      • 504 14  -  Go beyond monitoring your exercise regimen to every aspect of your life, from day to night, with nifty new gizmos. By Christopher Lim limchris@sph.com.sg Fitbit Flex $129 ACTIVITY trackers that primarily track exercise aren’t new, but life trackers that scrutinise all of your activities are a novel
        504 words
    • HEALTH
      • 796 15  -  COMO Shambhala and Verita Wellness Centre offer complementary medicine, a relatively new niche in Singapore. By Cheah Ui-Hoon By Cheah Ui-Hoon COMO Shambhala Urban Escape #06-01/01 Delfi Orchard Z6304 3552 Verita Wellness Centre 308 Tanglin Road, Phoenix Park ANYONE who has walked into the cramped studios of
        PHOTO: COMO HOTELS & RESORTS  -  796 words
      • 290 15  -  By Cheah Ui-Hoon uihoon@sph.com.sg CAN’T take a flight out of town to escape the haze? Book a session at Verita’s Salt Cave rooms either as a yoga session or to just sit on the deck chair and relax. The salt cave oozes out salt
        290 words
    • BT CORPORATE GOLF LEAGUE
      • 1203 16 / 17  -  The golfing community and guests of The Business Times Corporate Golf League 2013 rooted for the fourth edition of the competition at an eventful networking night. By Justine Moss By Justine Moss btnews@sph.com.sg THE fourth edition of The Business Times Corporate Golf League teed off on
        PHOTOS: LOUIS GOH, AUDI  -  1,203 words
    • MOTORING
      • 621 18  -  The Volkswagen Golf 1.4 TSI may be an entry-level model but it has the ability to offer a satisfying drive. By Samuel Ee samuelee@sph.com.sg HEWN out of a rock may be an exaggeration but it is fairly obvious that the Volkswagen Golf is a very well-made
        621 words
      • Article, Illustration
        623 19  -  The Mercedes-Benz A45 AMG sets a new standard as the hot hatch with the most powerful 2.0-litre engine in the world. By Samuel Ee By Samuel Ee samuelee@sph.com.sg EVEN as AMG continues to produce souped-up Mercedes-Benz models, it is equally focused on eco-friendly performance, hence the two-li-tre,
        623 words
      • 643 20  -  The Peugeot 508 GT SW is one good-looking station wagon in a classy, understated way. By C Y Chew btnews@sph.com.sg THOSE who were not Peugeot fans may have been converted to the French brand by the gorgeous RCZ. But despite that coupé’s swoopy exterior styling, some still didn’t
        PHOTOS: CY CHEW  -  643 words


  • Page 6 / 7 Advertisements
    • 736 6 / 7 wine&dine with BTWeekend Atrium Lounge Marina Mandarin Singapore 6 Raffles Boulevard Level 4 Cheers to Dad Till June 30, 2013 The occasion might be over, but it is not too late to toast to the special man in your life. Three cheers to Dad as we celebrate Father’s Day with
      736 words




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  • Page 15 Advertisements
    • 219 15 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” Preserving Health Longevity and www.shsccentre.com Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or a family history of heart disease, you can No X-rays No
      219 words

  • Page 16 / 17 Advertisements
    • 134 16 / 17 The Business Times Corporate Golf League 2013 Teams dates venues July 2 Singapore Island Country Club (New Course) July 18 Laguna National Golf and Country Club (Masters Course) Aug 6 Sembawang Country Club Aug 20 Jurong Country Club Sept 11 Tanah Merah Country Club (Gardens Course) Oct 3 Sentosa Golf
      134 words