The Business Times, 24 June 2013

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 29
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, June 24, 2013
    25 words
  • 477 1  -  BT taps know-how of those at the helm of companies for top-rated wine list By CHRISTOPHER LIM [SINGAPORE] Hawker food isn’t the only thing that chief executives are especially knowledgeable on. This August, a panel of 10 CEOs will select an equal number of wines
    477 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,124.45 -36.98 KL COMP 1,755.85 -6.34 NIKKEI 225 13,230.13 +543.61 HANG SENG 20,263.31 -705.83 SET INDEX 1,400.50 -64.77 JAKARTA COMP 4,515.37 -245.37 MANILA COMP 6,182.17 -60.09 SEOUL COMP 1,822.83 -66.41 SHENZHEN B 784.94 -34.42 MUMBAI IND 18,774.24 -403.69 DOW 14,799.40 -270.78 NASDAQ 3,357.25 -66.31 S&P
      57 words
    • 20 1 SINGAPORE MALAYSIA HONG KONG 5.38 TAIWAN 5.00 JAPAN 13.367 TAIWAN 5.036 JAPAN 1.475 KOREA INDIA BRITAIN Source: Bloomberg
      20 words
    • 49 1 US$ S$ US$ (S$ per US$) 1.275 (US$/S$ per 1.548 1.974 EURO (US$/S$/E) 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
      49 words
  • 875 1  -  But jury still out on whether scheme will nudge more employers towards flexi-work By NG ZHUO YANG [SINGAPORE] The government’s introduction of free MRT rides for commuters who travel into the city area before 7.45 am kicks off today for a
    FILE PHOTOS  -  875 words
  • Page 1 Advertisements
    • 144 1 DINING OUT Old school Teochew dining PAGE 24 TACKLING THE HAZE Firms deny starting wildfires PAGE 2 VIEWS FROM THE TOP Getting better at doing good PAGES 10-11 YOUNG INVESTORS’ FORUM Get a handle on the ebb and flow of money PAGE 9 BT WEBSITES For breaking news, go to
      144 words

  • TOP STORIES
    • 837 2  -  Traders keep close watch on housing market as mortgage rates increase WALL STREET INSIGHT By ROB CURRAN LAST week, the US stock market fell on nightmarish visions of life after the Federal Reserve. This week, the market may see hard evidence of
      837 words
    • 906 2  -  Indonesia sending ‘contradictory signals’: S’pore By LYNN KAN [SINGAPORE] Amid contradictory remarks from Indonesian officials about which firms are responsible for starting the wildfires behind the haze blanketing Singapore and Malaysia, major pulp and palm oil firms have defended
      PHOTOS: REUTERS, BLOOMBERG  -  906 words
    • 515 2 Trial run for free rail travel kicks off today THE government’s introduction of free MRT rides for commuters who travel into the city area before 7.45am kicks off today for a trial period of one year, with the move largely seen as a creative attempt to ease the
      515 words
    • 741 4  -  To trigger such investment, firms will be offered chance to amortise investments ‘in one fell swoop’ BY ANTHONY ROWLEY in Tokyo CORPORATE Japan is sitting on a massive “war chest” of internal reserves worth more than US$2 trillion, which Prime Minister Shinzo Abe’s
      741 words
    • 734 4  -  Creating these for discerning buyers is part of its strategy By ONG CHOR HAO [SINGAPORE] YTL Land and Development’s projects in Singapore will be “one-of-a-kind homes” that serve discerning buyers, said its vice president Joseph Yeoh. In his first interview with Singapore media in
      PHOTO: YEN MENG JIIN  -  734 words
    • 767 4  -  80% already taken up in 700,000 sq ft Gurney Paragon By FELDA CHAY [SINGAPORE] Singapore investors flocking to Iskandar Malaysia to snap up properties have been making headlines, but other regions in the country such as Penang have long attracted
      767 words
  • Page 2 Advertisements
    • 280 2 I crown myself with a quality education. It*s my choice. V >r~ Success means the world to us, but it does not come about overnight. It is the culmination of sound decisions and equally offbeat ones. In partnership with prestigious Triple Crown accredited universities that have produced many well-known graduates,
      280 words
    • 22 2 The best pure-play private bank in Asia EFG Bank 31 ±M is If Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com
      22 words

  • Page 3 Advertisements
    • 157 3 rm p ym I f y.f efessfoSS SS5: OS Ay/-'.. S t ft* HI p r V •v _J- u > sp (V) s* ■Si f c* V *r y "N L. U*, i J. v l r* I r j;" ■> V V > j 1 ;v s;.. V
      157 words

  • Page 4 Advertisements
    • 152 4 rf i A RAFFLES BUSINESS INSTITUTE rf-* 1 T T BUSINESS INSTITl Tsmghua University t #jst4-6o +PIC BONUS $15,000 ‘it wfL^ *faKi«& I vA4Wt.o l VS l!ift m M 'd ft;• I• M$Sfc^ijfc*1lim uxmk^w'm k, ai: mtm, m&, «m? iRA£^? M. t ISfcMt PUM II k\ULki\m Science Arts Co Pte
      152 words

  • COMPANY NEWS
    • 642 5  -  They are seeking deals in developed markets also: Baker McKenzie official By MALMINDERJIT SINGH INTRA-ASIA mergers and acquisitions (M&A) have been on the rise, and Singa-pore-based companies are emerging as key players in this market. And even as regional markets such as Indonesia
      PHOTO: BLOOMBERG  -  642 words
    • 286 5 Jun 21 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications Bangkok Bank Public Co. Ltd Bank of East Asia Bank of China Limited ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Banque
      286 words
    • 423 5 COMPANY MEETING PLACE DATE TIME Cheung Woh Tech A 23 Tuas South Street 1 24-Jun 11.30am Enviro-Hub Hldgs E 3 Tuas Avenue 2 24-Jun 10.30am Rowsley Ltd A 87 Science Park Drive Science Park 1 Science Hub Level 1 (Buona Vista Room) 24-Jun 9.30am Ascendas India Tr A
      423 words
    • 1697 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd FOR the third straight week, directors of listed companies were still more in a buying than selling mood, according to filings on Singapore Exchange last week. Seventeen companies posted 27 purchases worth
      1,697 words
  • Page 5 Advertisements
    • 173 5 YOUR WEALTH IS IN SAA-FE HANDS Growyour wealth in Westpac Multi-Currency Term Deposits, backed by the strength and stability of our AA-credit rating1. earn up to USD for minimum deposits of SGD250k or equivalent SGD 1.28% HKD1.3% NZD3.7% EUR1.0% GBP 1.4% 1.4%p.a Grow your wealth with term deposits in one
      173 words
    • 51 5 Discoverthoworldwith Budget Tour Planners We offer customised itineraries that go beyond the ordinary... Company Incentive Pilgrimage Tours Trips Off-site Meetings 7 Church Retreats Special Interest Tours Tradeshows 7 Local Sightseeing Tours Educational Tours Coach Charter (l) budgeltour Planners TA2283 Beyond Expectations Tel: *****811 Email; sales@budget-tours.com.sg 51 Cuppage Road, #06-17, Singapore
      51 words

  • SINGAPORE MARKETS
    • 650 6  -  STOCKS R SIVANITHY Senior Correspondent LAST week, we discussed the possibility that there has been a fundamental shift in sentiment, that the odds had increased of the market not really reacting positively to assurances that US Federal Reserve chairman Ben Bernanke was likely
      650 words
    • 653 6 CURRENCIES Bloomberg [NEW YORK] The dollar last week surged the most against the yen since December 2009 as the Federal Reserve signalled a shift in monetary policy that sparked deepening global losses in everything from gold to emerging-market assets. The US currency
      Bloomberg  -  653 words
    • 681 6 COMMODITIES AFP [LONDON] Global commodity prices plunged last week, in line with world stock markets, on concerns over the US Federal Reserve ending its mul-ti-billion dollar economic stimulus measures, with Chinese manufacturing data a factor too, analysts said. “The Fed has been
      AFP  -  681 words
    • 1418 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 4 9.53 16.54 1.87 1.58 Amtek Engineering Ltd 3.33 3.25 3 0.05 7.23 0.60 0.47 ARA Asset Management Ltd 2.57
      1,418 words
    • 4 6 WEEKLY
      4 words
    • 73 6 Jun 21 VALUE CLOSE BT OB/OS -732.00 -26.00 BT CADI -*****.00 -87.00 BT 10-day MA -*****.00 -73.00 FTSE ST Mid Cap 743.06 -7.10 FTSE ST Small Cap 566.50 -2.04 FTSE ST All Share 766.89 -3.05 FTSE ST China Top 196.31 -0.78 FTSE ST China 226.41 -1.62 FTSE
      73 words
    • 54 6 VOLUME Innopac 563,013,000 NexGenSCom 326,112,000 Golden Agri 293,458,000 New Wave 256,599,000 WE Hldgs 218,624,000 Medtecs 200,158,000 YHM 192,390,000 Healthway 181,264,000 GSH Corp 171,736,000 SingTel 167,446,000 VALUE($) SingTel 611,084,289 DBS Grp 443,426,949 CapitaLand 350,771,685 Wilmar 337,336,989 GLP 250,366,362 OCBC Bk 246,674,909 UOB 241,664,944 Keppel Corp 222,843,090 Golden Agri
      54 words
    • 113 6 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 122.2 0.6 DBXT S&P Short 10US$ 3053 73.9 1.9 JSH 3758 61.2 1.3 CityDev 1050 52.0 5.2 DBXT MSJAP 10US$ 4263 45.9 0.9 Kep Corp.ES.1306 1065 35.0 3.4 Lyxor EasternEurope1 481 34.4 5.9 IS ASIA BND 100S$D 1295 33.0 2.6
      113 words
    • 128 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -997.6 -5.9 SPDRS S&P 500 10US$ ***** -811.6 -3.8 DBXT Nifty 10US$ 9600 -696.9 -5.4 Lyxor Indonesia10US$ 9414 -610.3 -4.8 IS S&P500 ***** -467.6 -2.2 DBXT MSKorea 10US$ 5252 -433.2 -6.1 DBXT MSEurope 10US$ 5015 -216.6 -3.3 DBXT FTChina25 10US$ 2520 -214.0
      128 words
    • 5 6 WEEKLY
      5 words

  • Page 7 Advertisements
    • 280 7 ENJOY THE BEST OFFERInGSS YET THE NISSAN GREAT COMMERCIAL VEHICLE SALE This Great Singapore Sale, take your pick from Singapore’s best-selling* and widest commercial vehicle fleet and realise the true meaning of VALUE. After all, if style and taste can be on sale, why can’t efficiency and reliability? 91 NISSAN
      280 words

  • SINGAPORE NEWS
    • 954 8 Payment Ex Rec Pay Ann (cts) date date date date Amara Hldgs an 0.600 11-Jun 13-Jun 26-Jun 10-Apr A-Sonic Aerospace aw 0.170 30-Aug 03-Sep 17-Sep 16-May Aspial Corp ca 1.800 15-May17-May 03-Jul 12-Apr Ban Leong Tech ak 1.100 31-Jul 02-Aug 14-Aug 30-May Berger Int'l ak 0.280 03-Jul 05-Jul
      954 words
    • 11 8 db X-MACRO Trading Index Fund I4D 13/06/2013 87,88 GBP
      11 words
    • 723 8  -  Sales volumes are unlikely to match last year’s peak, says CBRE; 5-8% rise in prices seen By MINDY TAN THE strata office market could see prices rise by 5 to 8 per cent as the buying momentum continues into this year. Transaction volumes crossed
      Source: CBRE  -  723 words
  • Page 8 Advertisements
    • 106 8 Show Off Your Prize Bull 1 Call 1800 289 8822 f or e-mail notices@sph.com.sg to place your New CEO Announcement Notices WATS I NOTICES or e-mail I notices@sph.com.sg to publicise your IPOs other offerings CLA/FEBU/g stfl r y asJa one v y Catch up with the Latest Business News with
      106 words
    • 67 8 HOmEs )ECOR SINGAPORE'S NO.1 INTERIOR DESIGN MAGAZINE PRESENTS HOmEiDECOR RENO 1 J i THE LATEST IN LAMINATES, WALLCOVERINGS TILES 9 INSPIRING RENO PROJECTS HOTTEST 2013 d A V> 4 Vv s' s cvAOS t\G^ IP > space planning for kitchens, bathrooms and walk-in wardrobes > latest furniture and lighting trends
      67 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 2006 9  -  Gain valuable insights when you decipher a firm’s cash flow statement, saysCAI CAI HAOXIANG LAST week, we looked at how to read and analyse the balance sheet. The balance sheet is an integral part of a company’s financial statements. It
      2,006 words
    • 1189 9  -  The cash-flow statement will tell you what’s actually happening on the ground in a company MONDAY MULTIPLE CAI HAOXIANG Correspondent CASH is king. This adage applies to both investing and running a business. In a financial crisis when assets are valued at extraordinarily low levels
      1,189 words
  • Page 9 Advertisements
    • 156 9 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      156 words

  • VIEWS FROM THE TOP
    • 3633 10 THIS WEEK’S TOPIC Are the better-off members of Singapore society, in particular those in the business sector, doing enough to help the less privileged? What more can and should be done? Doina Palici-Chehab Chief Executive Officer AXA Singapore General Insurance GIVING back should be at
      THE STRAITS TIMES FILE PHOTO  -  3,633 words

  • Page 11 Advertisements
    • 12 11 A full list of views from CEOs is also available at http://businesstimes.com.sg
      12 words
    • 79 11 Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow and pass on your wealth.
      79 words

  • MALAYSIA/INDONESIA
    • 462 12 State of emergency declared in the southern districts of Muar and Ledang [KUALA LUMPUR] Malaysia’s government declared a state of emergency in two southern districts choked by smoke from forest fires in Indonesia as air pollution levels reached a 16-year high yesterday.
      PHOTO: REUTERS  -  462 words
    • 179 12 Reuters [JAKARTA] Freeport McMoRan Copper and Gold Inc has restarted some operations at the world’s second biggest copper mine after receiving approval from the Indonesian government, a senior company official said on Saturday. The company has slowly resumed open- pit mining at its Grasberg complex
      – Reuters  -  179 words
    • 367 12 Bond market still resilient with attractive yields [KUALA LUMPUR] The recent selling trend by foreign funds in the bond market is not expected to have a major impact on Malaysia’s debt equity market, given the country’s resilience and attractive yields, an analyst said,
      367 words
    • 320 12 [KUALA LUMPUR] Sumatec Resources Bhd should be debt-free by August and achieve its RM1 billion (S$398 million) revenue target within three years, says its major shareholder Halim Saad. The company is banking on its Rakushechnoye oil and gas field in Mangystau, Kazakhstan, to put
      320 words
    • 1426 12 VOL Jun 21 RM +/-(‘000) A M Realty 1.16 0.02 1378 VOL Advance Synerg 0.15 -0.01 555 Adventa Bhd 1.16 Ae Multi Hldgs 0.21 -0.01 266 Affin Holdings 4.18 0.03 1399 Ahmad Zaki Res 0.83 0.04 597 Airasia Bhd 3.06 -0.11 ***** Alliance Finan 123 Aluminium Co 0.70
      1,426 words
  • Page 12 Advertisements
    • 855 12 FAR EAST ORCHARD LIMITED Company Registration No. *****0511H (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Far East Orchard Limited (the “Company” or “FEOrchard”) will be held at Antica 1, Level 2, Orchard Parade Hotel, 1 Tanglin
      855 words

  • GREATER CHINA/INDIA
    • 666 13 Up to 1,000 people are feared to have died in landslides and flash floods AFP [GOVINDGHAT, India] Bad weather hampered rescue operations yesterday in northern India where up to 1,000 people are feared to have died in landslides and flash floods that
      AFP; PHOTO: AFP  -  666 words
    • 317 13 AP [TAIPEI] Taiwan and China signed a wide-ranging agreement on Friday to open up their service sectors, another milestone in the ever-closer trade and economic ties between the political rivals. Following two years of negotiation, the two signed the agreement in Shanghai
      AP  -  317 words
    • 376 13 Reuters [NEW DELHI] India has decided to allow some power companies to pass on the costs of foreign coal to customers, a minister said, in a move likely to boost imports and investment in power generation but bring higher prices. The policy
      Reuters  -  376 words
  • Page 13 Advertisements
    • 310 13 TAKE A BITE FROM THE TREE OF KNOWLEDGE INVESTOR EDUCATION FOR PROFESSIONALS BY PROFESSIONALS Visit www.spdrs.com.sg/SPDRU We all know how important knowledge and information are when it comes to making the best investment decisions. State Street Global Advisors (SSgA) SPDR® ETFs, the pioneer in exchange traded funds (ETFs), has launched
      310 words

  • Page 14 / 15 Advertisements
    • 195 14 / 15 .Ur** I'Mim afi 55 L-4*j C'wji, V m f^vM&SpTam ',7V’ v‘ y-ir.-h >r w/i 1 m "."***•—mm' •*:m vTi -J >' I t M r<a ..J' n^s.. r l m :\r~m, msm mm %\\*\r: A/* ■8 |W W'. L.— -^S=*k' *>3S 03^ -sff r. “f/r‘ .*> >oc a! x«?•v£ 1W
      195 words

  • ECONOMY WATCH
    • 787 16 Merkel admits that power of the family policy to boost birthrate is limited AFP [BERLIN] Chancellor Angela Merkel’s conservatives are trumpeting an electoral pledge to bump up child benefits but admit that the power of their family policy to boost the low birthrate that
      AFP; PHOTO: REUTERS  -  787 words
    • 439 16 AFP [LONDON] Finance minister George Osborne will claim the British economy is “leaving intensive care” when he unveils a fresh round of spending cuts, media reports said yesterday. The chancellor of the exchequer, who will deliver his spending review on Wednesday, is expected to spell
      AFP; PHOTO: REUTERS  -  439 words
    • 571 16 Measure now may get broad bipartisan support in vote WP [WASHINGTON] The United States Senate made significant changes to the immigration bill under its consideration on Friday that will expand the legislation to more than 1,100 pages and add roughly US$50 billion
      WP  -  571 words
  • Page 16 Advertisements
    • 81 16 Aim, Shoot, Score Are you a HR Professional looking to fill up vacancies in your company? Sign up with STJobs.sg now to take aim at the right candidate and access almost 100,000 registered users and resumes. STJOBS.sg Awarded Best in Cross r^Al-—Media Advertising (Silver) for Asian Digital Media Awards 2012
      81 words
    • 251 16 L IT ASIA s Learn how government assistance schemes can help boost productivity profitability for your business! Tap on the expertise of officers and advisors from Workforce Development Agency, SME Centre SCCCI and SME Infocomm Resource Centre SIRS in a wide spectrum of areas to enhance your business needs! Financial
      251 words
    • 24 16 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBOOK.COM/HOTFMSG 3* HOTFMSG
      24 words

  • WORLD
    • 444 17 AFP [ATHENS] Greece’s conservative Prime Minister Antonis Samaras pledged yesterday to work more closely with his socialist allies to prevent disputes that nearly brought down his government last week. “We must learn to cooperate,” Mr Samaras told To Vima weekly in an interview. “But we
      AFP; PHOTO: REUTERS  -  444 words
    • 336 17 AFP [SOFIA] The European Union’s Socialists agreed to push for more incentives to battle youth unemployment across Europe and revitalise the bloc’s industry at a party council in Sofia on Saturday. “Our job is to create jobs for the people and especially
      AFP  -  336 words
    • 673 17 Agreement puts BOE first in European race to set up swap facilities with China Bloomberg [LONDON] Bank of England governor Mervyn King and his Chinese counterpart Zhou Xiaochuan agreed to a three-year currency swap line to promote financial stability and
      Bloomberg  -  673 words
    • 736 17 Demonstrators vent against corruption, demand govt reform AP [SAO PAULO] A quartermillion Brazilians took to the streets in the latest wave of sometimes-violent protests that are increasingly focusing on corruption and reforming a government system in which people have lost faith. The turnout in Saturday’s
      AP; PHOTO: AFP  -  736 words
    • 514 18 Tension brewing between Berlin and Ankara over crackdown on protests in Turkey Reuters [BERLIN] Germany’s Foreign Minister Guido Westerwelle said tensions with Ankara were undeniable after he met his Turkish counterpart on Saturday amid a row over Berlin’s criticism of a crackdown
      Reuters; PHOTO: AFP  -  514 words
    • 1099 18 WP [JEREZ DE LA FRONTERA, Spain] Under the fierce Andalusian sun, a class of novice matadors strode into an empty bullfighting ring, arching and flourishing through moves meant to slay a beast in its tracks. Yet during their breaks, the teenagers spoke
      WP; PHOTO: REUTERS  -  1,099 words
    • 552 18 Plan will be centred around reduction of carbon pollution Reuters [WASHINGTON] US President Barack Obama said that he will outline a climate change plan tomorrow centred around reducing pollution from carbon emissions as he attempts to make good on a pledge
      Reuters  -  552 words
    • 308 18 AFP [TIRANA] One man was killed and three people were wounded in an apparently politically motivated shooting in Albania yesterday during a crucial vote that could determine whether one of Europe’s poorest countries has a chance of joining the EU. The shootout
      AFP  -  308 words
    • 719 18 AFP [WASHINGTON] So far, the idea of hacking into medical devices has been limited to fiction and hacker demonstrations. But US regulators and security experts say the threat is real: malicious actors can gain access to devices ranging from pacemakers to insulin pumps,
      AFP  -  719 words
    • 780 19 HK says it had no legal basis to prevent his departure; US senator charges Putin likely knew and okayed his flight AFP Reuters [MOSCOW] Former US spy Edward Snowden yesterday arrived in Russia from Hong Kong, reportedly on his way
      AFP; Reuters; PHOTO: AP  -  780 words
    • 736 19 WP [WASHINGTON] Lauren O’Shaughnessy has boosted prices for her wedding planning services by about 25 per cent since 2009 as the economic expansion puts Americans in the mood for bigger parties and fancier locations. Spending on the average wedding in the United States
      WP  -  736 words
    • 623 20 Cook initiates move to reassure investors after shares lost 41% from their peak Bloomberg [SAN FRANCISCO] Apple Inc’s board is linking more of chief executive officer Tim Cook’s compensation to the company’s stock performance, seeking to reassure investors who have seen the shares
      Bloomberg  -  623 words
    • 1084 20 WP [TOKYO] Almost everything Mikio Matsushita’s factory near Tokyo needs to produce natto is imported from the soya beans used in the fermented Japanese snack to the polystyrene trays in which they’re packaged. The reliance on imports, combined with the domestic market focus for the quintessentially
      WP; PHOTO: BLOOMBERG  -  1,084 words
    • 441 20 Bloomb erg [SYDNEY] Echo Entertainment Group Ltd, licensed to run Sydney’s only casino until 2019, plans to spend more than A$1.1 billion (S$1.3 billion) expanding the property to fend off a challenge from billionaire James Packer’s Crown Ltd. The proposed extensions to
      Bloomberg  -  441 words
    • 661 20 AFP [ABIDJAN] African palm oil producers are hitting back at what they say is a “smear campaign” against them by environmentalists and health activists that risks ruining their industry. Countering their increasingly vocal critics was the main aim of producers attending the
      AFP  -  661 words
    • 653 22 Wind turbine makers lay off workers as state subsidies to producers fall AFP [MADRID] Spain’s wind turbine manufacturers are laying off workers, and farmers who installed solar panels are facing ruin as austerity policies afflict the long-coddled green energy sector. Further cuts are expected
      AFP  -  653 words
    • 303 22 Reuters [ROME] Italy will delay for at least three months a rise in sales tax which was due to take effect in July and the government aims to cancel the rise altogether, Deputy Economy Minister Stefano Fassina said in a newspaper interview
      Reuters; PHOTO: AFP  -  303 words
    • 354 22 Coffee giant will pay another £15m by next year after row AFP [LONDON] US-based coffee giant Starbucks said yesterday it had paid £5 million (S$9.8 million) in British corporation tax and will pay another £15 million by next year after facing a backlash
      – AFP  -  354 words
    • 550 22 Judgment could have major political repercussions Re uters [ROME] A Milan court will decide today whether Silvio Berlusconi paid for sex with an underage prostitute and abused his powers to cover it up, with the former Italian prime minister facing a jail
      Reuters; PHOTO: AFP  -  550 words
    • 322 22 Move comes over concern that city is losing out to New York, London, Paris Bloomberg [MILAN] Prada SpA, Tod’s SpA and more than a dozen Italian luxury goods makers pledged to work together to promote Milan fashion week amid concern that it
      Bloomberg  -  322 words
    • 262 22 Bloomberg [RIYADH] Saudi Arabia, the Arab world’s biggest economy, shifted the official weekend to Friday and Saturday to align the kingdom’s economy with other regional markets, Saudi Press Agency said, citing a royal decree. The change, which starts June 29, applies to all
      Bloomberg  -  262 words
  • Page 17 Advertisements
    • 762 17 KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Keppel Land Limited (Co. Reg. No. *****0001G) (Incorporated in the Republic of Singapore) Lost Certificates Application has been made to the Directors of the abovenamed Company to issue a replacement certificate in place of the following certificates which have been reported lost
      762 words


  • Page 19 Advertisements
    • 264 19 STCARS IS NOW ON IPAD You won't miss a turn with STCars at your fingertips! LATEST ADDITION TO OUR STCARS MOBILE FAMILY! All > New Carj Found Audi 87 Sportbaok 4.0 Audi no GT Spyder 5.2 FSI n fir- y, 'Sa--ctu I OPC 2.0 Turbo (M) Audi R8 Spyder 5.2
      264 words

  • Page 20 Advertisements
    • 4 20 Banking Finance Conference 2013
      4 words
    • 251 20 ASIA m c Learn how government assistance schemes can help boost productivity profitability for your business! Tap on the expertise of officers and advisors from Workforce Development Agency, SME Centre SCCCI and SME Infocomm Resource Centre SIRS in a wide spectrum of areas to enhance your business needs! Financial consultation
      251 words

  • Page 21 Advertisements
    • 74 21 Thank you for loving us! The latest survey shows a whopping listenership* of 419,000. A big kiss from all of us at Kiss92. k*ISS92 All the great songs in one p DOWNLOAD THE KISS92 MOBILE APP NOW! KISS92 is part of sph radio network Kiss us always! like us on
      74 words

  • Page 22 Advertisements

  • AVIATION/SHIPPING
    • 681 23 AirAsia: Its Japanese business is suffering from an inability to manage costs AFP [TOKYO] Japan’s budget airlines have flown into turbulence with AirAsia’s local carrier in danger of being grounded, but analysts say the popularity of discount flying should keep the fledgling
      AFP  -  681 words
    • 714 23 AP [CINCINNATI] A plane carrying a wing walker crashed at an air show and exploded into flames, killing the pilot and stunt walker instantly. The crash on Saturday of the 450 HP Stearman biplane happened at around 12:45 pm at
      AP; PHOTO: AP  -  714 words
    • 509 23 It is mounted to give viewers a close-up look at space flight Reuters [CAPE CANAVERAL] In deciding how to exhibit the space shuttle Atlantis, which goes on display next week, the Kennedy Space Center Visitor Complex in Florida opted for a perspective
      Reuters  -  509 words
    • 328 23 Reuters [ST PETERSBURG] Danish oil and shipping group AP Moller-Maersk would increase its investment in Russia if the chance arose, its chief executive said on Friday, undeterred by a fall in the value of its Russian ports operator Global Ports. “Irrespective of
      Reuters  -  328 words
    • 305 23 Reuters [LONDON] Egypt is relying increasingly on large Swiss trading houses for fuel supplies as it struggles to avoid energy shortages and unrest, while smaller players cut back on deliveries for fear of non-payment. Egypt’s finances have been crippled by a fall in
      Reuters  -  305 words
  • Page 23 Advertisements
  • Page 23 Miscellaneous
    • 278 23 CRYPTIC CROSSWORD Across 5 Port worker we heartlessly criticise (7) 7 Before jaunt, I loaded cases (5) 9 Spot male lead dropping round instrument (6) 10 Condemn grammatical structure (8) 11 Paid attention to fine advertisement (4,6) 13 Run on city bank (4) 14 Going round ahead of girl, one
      278 words

  • DINING OUT
    • 859 24  -  Cheng Hoo Tian’s menu flaunts a 1930s pedigree but the dishes are mostly one note, writesJAIME JAIME EE NEW RESTAURANT Cheng Hoo Tian 41 Keong Saik Road Tel: 6382-2222 Open daily: 11.30am to 3pm; 6 to 11pm IN a crowd of ever-growing newbie tenants vying with one
      PHOTOS: YEN MENG JIIN, DYLAN TAN  -  859 words
  • Page 24 Advertisements
    • 115 24 SINGAPORE'S NO.1 CAR SITE SELL YOUR CAR YOURSELFI above '"•■com .Z. IM(k, T m, A M K www.sgcarmart.com jbW Wine, Dine Hospitality Highlights •ir ■fft'V TEA INSPIRED, ARTISTICALLY CREATED Palatable culinary art jar yam-indulgence. From now till July 20 Hi Golden Peony brings back its popular tea inspired menu with
      115 words
    • 163 24 One of the LARGEST Investment Fairs in Town! Discover the Wealth Of Investment Opportunities! EVENT HIGHLIGHTS Panel Discussion on Market Outlook (In English and Mandarin) Over 40 FREE Investment Seminars Attend Educational Workshops by International Investment Gurus Keynote Presentations by Popular Investment Speakers Dr. Alexander Elder Best-selling Author, Director of
      163 words
    • 117 24 U always! like us on D facebook/ufmlOOS follow us on twitter@ufml003 www.uf m lOOS.sg UFM 100.5 C J0 tf O U SHINE Take a step back. Reflect on life. As we get caught up in the hustle and bustle of daily life, let's pause and be thankful for all that
      117 words

  • SINGAPORE STOCKS
    • 3275 25 Week ended: Jun 21 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 8.8 3 A-Sonic Vol Week Last Quote Div GrYld Net 188 106 AIMSAMPIReit 157.5 -2.5 3031 167 154.5 157 157.5
      3,275 words
    • 247 26 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 2.4 1.3 t Advanced System 1.4 -0.1 2123 1.6 1.4 1.4 1.5 22.3 Week Last Quote Div Gr Yld Net M Cap High
      247 words
    • 118 26 Stock name Close Change CapMallsAsia 1.795 -0.010 CapitaLand 3.050 -0.070 CapitaMall 1.950 -0.050 CityDev 10.500 +0.030 ComfortDelGro 1.800 +0.035 DBS Grp 15.450 -0.150 GLP 2.650 +0.020 Genting SP 1.360 Golden Agri 0.550 -0.005 HK Land 6.500 -0.110 Stock name Close Change HPH Trust US$ 0.745 -0.005
      118 words
    • 2068 26 Transaction date: Jun 21 HONG KONG Vol HK$ +/-'000 Aeon Credit 7.11 unch 0 Aeon Stores '000 Angang Steel 4.27 0.31 ***** Anhui Conch Anhuiexpresswa 3.90 0.02 3768 Asia Satellite 30.65 0.15 60 Asm Pacific -0.80 Bank Of E Asia 27.35 -0.20 6371 Beida Jade Bir 0.35 unch
      2,068 words
    • 264 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A43.5 +3 108 46.5 43.5 42 45 3.6 8 3.5 161.1 52 30.5 Genting HK US$ US47.5 -0.5 ***** 49.5 46.5 47 47.5 3127.6
      264 words
    • 186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 6 0 0 0 0 9 6 0 Manufacturing 57 86 36 14 12 5 71 98 41 Commerce 31 26 18 4 4 5 35 30 23 Tpt/Stor/Comms 14 20 11
      186 words
    • 1036 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Last 143 120.4 CIMB APAC Div 100S$D 129.8 -2.4 6 132 129.8 127.7 128.6 114.4 96 CIMB APAC Div 100US$
      1,036 words
    • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 143,482 143,482 427,103 427,103 Manufacturing 1,484,598 776,276 2,260,874 949,371 78,209 1,027,580 Commerce 1,000,364 306,208 1,306,572 502,385 29,128 531,513 Tpt/Stor/Comms 602,750 99,908 702,658 1,121,032 38,004 1,159,036 Finance 694,301 1,107 695,408 1,106,012 461 1,106,473 Construction 460,351 198,954
      123 words

  • Page 26 Advertisements
    • 25 26 Insiders'trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      25 words

  • FINANCE & COMMODITIES
    • 634 27 Jun 21 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.87 *****.35 *****.67 Sep13 *****.00 *****.00 *****.00 *****.00 *****6 *****5 Dec13 *****.00 *****.00 *****.00 *****.00 25 ***** MSCI TAIWAN INDEX FUTURES SPOT 277.80 278.40 275.34 Jun13 279.20 280.10 273.90 276.10 ***** *****6 Jul13 274.00
      634 words
    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 21 Index Change Change Change Change Change Change World Preliminary 1016.3 -0.5 8.3 -0.7 10.5 -0.6 5.7 EAFE Preliminary 826.8 -0.6 6.8 -0.7 5.9 -0.7 1.4 Europe Preliminary 1170.3 -1.0 2.0
      373 words
    • 471 27 Jun 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.958 5.654 0.697 7.153 54.676 91.649 0.903 10.654 2.957 1.188 91.178 40.302 1.175 9.418 0.857 27.746 28.756 0.596 0.922 Canada 1.044 5.902
      471 words
    • 70 27 Jun 21 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 12 mths SWAP Mid
      70 words
    • 138 27 Jun 21 GOLD(US$/oz) Jun 21 Jun 20 Hong Kong 1310.00 1324.00 Jun 20 Jun 21 London 1296.40 1288.99 1297.15 1290.71 Source: Thomson Reuters CAST BAR Jun 21 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120 53 5gm 340 266 10gm 607 531
      138 words
    • 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
      90 words
    • 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
      57 words
    • 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
      155 words
    • 121 27 As at 9am 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
      121 words
    • 157 27 Jun 21 $S Offer Bid 0vernight 0.08 0.05 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.55 0.35 9 months 0.65 0.45 12
      157 words
    • 1115 27 BONDS, WARRANTS EXTENDED SETTLEMENT Singapore ExchangeMBePW*****2 6.8 0.2 740 2 6.8 Singapore AirlinesLtd.ES.1306 Singapore Press MBeCW*****2 2.3 -0.3 500 0.2 450 3 Singapore Press MBeCW*****2 Singapore Press MBePW*****1 8.1 0.2 440 5 SingaporePressHldgsLtd.ES.1306 428 6 1 SingaporeTechEngineeri.ES.1306 401 20 14 STI 2950MBePW*****1 --6 --2 STI 3200 BP eCW*****9 --2 Singapore
      1,115 words
    • 109 27 Jun 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1493.25 1497.50 1505.75 1488.75 Aug 13 1413.75 1420.75 1428.75 1410.00 Sep 13 1315.75 1325.50 1329.25 1312.50 Nov 13 1273.50 1285.00 1285.25 1267.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13
      109 words
    • 95 27 Jun 21 COCOA (£/tonne) Close Prev High Low Jul 13 1420 1415 1420 1409 Sep 13 1437 1431 1435 1425 Dec 13 1449 1442 1449 1438 Mar 14 1453 1445 1454 1443 COFFEE(US$/tonne) Close Prev High Low Jul 13 1735 1721 1751 1717 Sep 13 1743 1736 1759 1726
      95 words
    • 70 27 CRUDE OIL PRODUCTS Jun 20 CRUDE (FOB origin) US$/barrel 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
      70 words
    • 22 27 Jun 21 S$ Bid Offer 1-month 1.2741 1.2751 2-months 1.2740 1.2752 3-months 1.2741 1.2752 6-months 1.2740 1.2753 Source: OCBC
      22 words
    • 66 27 Jun-21 Jun-21 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1747.55 1752.00 3 months 1793.00 1797.50 Copper, Grade A(US$/tonne) Cash 6785.00 6738.50 3 months 6818.00 6770.00 Lead(US$/tonne) Cash 2013.75 2005.75 3 months 2023.00 2018.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words

  • 2756 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
    2,756 words
  • Page 28 Advertisements

  • Page 29 Advertisements
    • 184 29 Importers looking for Warehouse Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 fl FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327
      184 words
    • 0 29 ]+|(=&"!$]_)-"`-~=)~{$,{="<{.,)
      0 words

  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 857 30  -  Venues here must be able to support high-intensity mobile usage, saysNG NG SAI YING Smartphones and other mobile devices are now an integral part of our lives, and with this integration comes a new way of experiencing life. Recent years have seen a
      857 words
    • 300 30  -  But Avanade survey also warns they may raise security risk, among other things By AMANDA TAN TIE-UPS through social technologies is seen to be a priority in business and Singapore companies are the global leaders in adopting this practice, according to an Avanade
      300 words
  • Page 30 Advertisements
    • 375 30 Fujitsu recommends Windows 8. Powered by 3rd generation Intel® Core™ \1 processor. FUJITSU j LkJL-JL-JLJ 000 e a V AM la O m Y' V V' V V V V V* \\v- v v V V V v v- V V V Y V V V V V V-V V'
      375 words