The Business Times, 25 June 2013

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, June 25, 2013
    25 words
  • Article, Illustration
    Lock icon Falling car prices keep inflation under control
    752 1  -  But core inflation, which strips away private transport costs, surpasses headline inflation By TEH SHI NING [SINGAPORE] Singapore’s core inflation outdid the headline inflation rate in May a rare sight as a fall in car prices last month was offset by steeper increases
    Source: Department of Statistics  -  752 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,074.31 (-50.14) HST INDEX FUTURES 3,074.00 (-50.00) HSIMSCI 343.55 (-6.87) HSIMSCI FUTURES 343.50 (-7.10) US$ S$ US$ (S$ per US$) 1.280 (US$/S$ per 1.537 1.967 EURO (US$/S$/€ 1.311 1.678 Foreign currency per US$ S$ YEN 98.40 76.90 RM 3.219 2.515 HK$ 7.756 6.059 BAHT 31.10 24.29 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,738.19 -17.66 NIKKEI 225 *****.78 -167.35 HANG SENG 19,813.98 -449.33 SET INDEX 1,364.09 -36.41 JAKARTA COMP 4,429.46 -85.91 MANILA COMP 5,971.05 -211.12 SEOUL COMP 1,799.01 -23.82 SHENZHEN B 745.84 -39.10 MUMBAI IND 18,540.89 -233.35 12noon EDT Change DOW 14,599.73 -199.67 NASDAQ 3,307.84 -49.41
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.285 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon Online sales pick up, especially for haze-busters
    663 1  -  Cyber-demand spikes for air purifiers, masks and short getaways By KELLY TAY, LYNN KAN [SINGAPORE] As the Pollutant Standards Index (PSI) soared to record highs last week, online retailers enjoyed a spike in sales thanks to shoppers who turned to cyberspace for their
    PHOTO: REUTERS  -  663 words
  • Article
    Lock icon Yudhoyono says sorry to Singapore, M’sia
    140 1 AP [JAKARTA] Indonesia’s President Susilo Bambang Yudhoyono has apologised to Singapore and Malaysia for record-bad pollution caused by forest fires in his country. Jakarta dispatched planes and helicopters last week to battle the fires in Riau province on Sumatra island, where the smoke easily
    AP  -  140 words
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      395 1 COMMENTARY Shake-up needed in audit profession PAGE 23 SERVICE SCORECARD Customers happier with service in stores SME Inc Happy towkay of MoneyMax PAGE 14 COMPANIES Gallant making bid for rest of IMAS PAGE 6 PAGES 12 13 8 *****1 *****4 Li PP A r -m r 2Z N- Seamless travel
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      402 2 Falling car prices hold inflation in check SINGAPORE’S core inflation outdid the headline inflation rate in May a rare sight as a fall in car prices last month was offset by steeper increases in food prices and services fees. The overall consumer price index inched up marginally to
      402 words
    • Article, Illustration
      Lock icon Park Regis being sold for $250m
      414 2  -  Deal said to be signed with a China buyer; seller is Park Regis Investments By KALPANA RASHIWALA [SINGAPORE] A deal is said to have been inked for the sale of Park Regis Singapore at about $250 million. There is talk that a sale and
      FILE PHOTO  -  414 words
    • Article
      Lock icon Court to decide fate of Thomson View’s en bloc sale
      855 2  -  By GRACE LEONG [SINGAPORE] The fate of a $590 million collective sale of Thomson View Condominium is being decided at a week-long hearing, which began yesterday in the High Court. At issue is whether the sale of the 255-unit site
      855 words
    • Article, Illustration
      Lock icon Each ministry to unveil its own action plan
      774 4  -  S’pore must be prepared in case haze problem gets worse: Ng Eng Hen By LEE U-WEN [SINGAPORE] All 16 government ministries here will be announcing their own action plans this week, outlining measures to help minimise any possible disruption caused by the
      PHOTO: ASHLEIGH SIM/THE STRAITS TIMES  -  774 words
    • Article, Illustration
      Lock icon Peak-hour traffic eases with free early MRT rides
      509 4  -  By NG ZHUO YANG [SINGAPORE] The government’s one-year trial to offer free MRT rides to commuters who travel into the city area before 7.45am got underway yesterday and helped ease morning peakhour traffic. The Land Transport Authority (LTA) said last night that
      PHOTO: NURIA LING/THE STRAITS TIMES  -  509 words
    • Article
      Lock icon M’sian calls to punish errant planters
      538 4  -  By PAULINE NG in Kuala Lumpur POLITICIANS in Malaysia have urged Indonesia to enforce its laws and not spare Malaysian planters if they are found to be among those responsible for the haze which reached hazardous levels in Johor over the weekend prompting the
      538 words
    • Article
      Lock icon Asia markets hit by concerns over China’s cash crunch
      528 4  -  By ANTHONY ROWLEY in Tokyo CROSS currents continued to buffet markets in Tokyo and elsewhere in Asia yesterday as the yen fell, along with Japanese stocks, in the wake of a rising dollar, growing concern over financial conditions in China and
      528 words
    • Article
      Lock icon Exit quantitative easing with care, BIS warns central banks
      680 4  -  By NEIL BEHRMANN in London The Bank For International Settlements (BIS) warns that central banks need to tread very carefully when they begin to exit accommodative monetary policies. The BIS, the central banks’ central bank, cautions that there could be considerable
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      320 2 A Dr.Goh Seng Heng Pioneers of Aesthetic Medicine EST 1984 PPP LASER CLINIC for Pores, Pimples and Pigmentation aclinic of DrGohSeng Heng Safe, Sure and Comfortable Beautiful Skin Solutions by Lasers and Cosmeceuticals JC (Lena ti 'go pi Acne Cyst Scavv\nQ_ In 1992, Dr. Goh Seng Heng became one of
      320 words
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  • Page 3 Advertisements
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      30 3 Asset Management Wealth Management Asset Services Entrepreneurs are very good at spotting ideas. And advisers. Hong Kong: +852 3191 1805 Singapore: +65 6536 1805 askasia@pictet.com www.pictet.com 18 0 5 PICTET
      30 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      123 5 HITACHI Inspire the Next "IF WE COULD DRINK THE OCEAN WOULDN'T WE HAVE ENOUGH WATER?" At Hitachi, we're inspired by challenging questions. That's why we've taken a different approach to help cities face the growing pressure on their water supply. We're committed to finding integrated solutions that optimise the water
      123 words
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  • COMPANY NEWS
    • Article
      Lock icon Gallant making bid for rest of IMAS
      360 6  -  Group targeting Indonesian middleclass sector and industrial segments By LEE MEIXIAN GALLANT Venture is offering 5,426 rupiah for each PT Indomobil Sukses Internasional Tbk (IMAS) share that it does not already own, following its 7.85 trillion rupiah (S$1 billion) acquisition of a 52.35
      360 words
    • Article, Illustration
      Lock icon SIA’s sale of Virgin stake completed
      307 6  -  Delta pays US$360m for SIA’s 49% stake in Virgin Atlantic By TEH SHI NING SINGAPORE Airlines (SIA) has completed the sale of its 49 per cent stake in British airline Virgin Atlantic to US-based Delta Air Lines for US$360 million. The sale, announced last
      PHOTO: BLOOMBERG  -  307 words
    • Article
      Lock icon China Fishery resumes share chase for Peru’s Copeinca
      343 6  -  By TEO SI JIA MAINBOARD-listed China Fishery has renewed its efforts to take Peru’s second largest fishing company Copeinca into its fold, with its previous offer having lapsed a month ago. Last Friday, it exercised its call option to acquire Veramar Azul’s
      343 words
    • Article, Illustration
      Lock icon Auric seeks remaining stake in Food Junction
      422 6  -  It’s offering to buy balance 38.58% interest for 12m By LEE MEIXIAN AURIC Pacific Group is planning a voluntary unconditional cash offer for the remaining 38.58 per cent stake in Food Junction that it does not already own. The baker of Sunshine bread
      ST FILE PHOTO  -  422 words
    • Article
      Lock icon Great Eastern sets up advisory council
      280 6  -  By LIVIA YAP GREAT Eastern Life announced yesterday a new wellness initiative to help customers. The Live Great Advisory Council will be part of its existing Live Great Programme that includes wellness tools, a mobile application, health tips, and exclusive privileges. It will assist
      280 words
    • Article, Illustration
      Lock icon S’pore bond offerings down 24.4% in H1
      769 7  -  Total proceeds in Q2 down 53% at US$3.6b, compared to US$7.6b in Q1 By SIOW LI SEN SINGAPORE bond offerings fell 24.4 per cent in the first half of this year from a record start in the first six months of last year.
      Source: Thomson Reuters  -  769 words
    • Article, Illustration
      Lock icon OCBC, Sberbank in cooperation tie-up
      136 7  -  By TEO SI JIA OCBC Bank inked a cooperation agreement with Sberbank of Russia at the St Petersburg International Economic Forum last Thursday. Head of global commercial banking at OCBC, Linus Goh, and deputy chairman of the management board of Sberbank, Andrey Donskikh, represented their
      136 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      239 6 ASSETS FOR SALE BY LIQUIDATORS The following assets of a company are available for sale on an “as is, where is” basis: FURNITURE, FITTINGS, EQUIPMENT AND WINE ACCESSORIES Viewing strictly by appointment only. Interested parties, please contact Juliet Karen Siew Hoon at 6538 5488 for an appointment. IN THE MATTER
      239 words
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      Lock icon Page 6 Advertisements Column 2
      14 6 FOMC tightening expectedtohave limited impact onSIBOR To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      14 words
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      Lock icon Page 6 Advertisements Column 3
      30 6 WWW. I] M3 i Hi 1 ST] lifestyle.omy.sg omy^sgM "V S*L m C' E&£E He omy News iOS Hi Google Play HHJH HsjSH HWffi HfrSi omy Showbiz IOS Google Play
      30 words
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  • Page 7 Advertisements
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      2887 7 SIA ERGinEERinG com PAD Y SIA ENGINEERING COMPANY LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1025C NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 31st Annual General Meeting of SIA Engineering Company Limited ("the Company”) will be held at Marina Mandarin Ballroom, Level 1,
      2,887 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI gets out of wrong side of bed
      504 8  -  Uncertainty and pessimism continue to reign in the wake of Federal Reserve chairman’s revelation STOCKS JOYCE HOOI Correspondent THE gloom that dominated most of last week continued to dog the market when it reopened yesterday. The Straits Times Index (STI) finished yesterday’s
      Source: Bloomberg  -  504 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Jun 24 VALUE CLOSE BT OB/OS -887.00 -155.00 BT CADI -*****.00 -286.00 BT 10-day MA -*****.00 -89.00 FTSE ST Mid Cap 721.98 -21.08 FTSE ST Small Cap 557.86 -8.64 FTSE ST All Share 753.01 -13.88 FTSE ST China Top 191.47 -4.84 FTSE ST China 221.47 -4.94 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 11 1 0 0 0 3 11 1 Manufacturing 17 72 47 3 11 9 20 83 56 Commerce 9 37 12 0 11 2 9 48 14 Tpt/Stor/Comms 3 31 4
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      895 8  -  Compiled by JOYCE HOOI Venture Corporation June 24 close: $7.27 OCBC Investment Research, June 24 CAUTIOUS sentiment still prevails among customers. Our recent conversation with Venture Corp (VMS) highlighted that sentiment among its customers has largely remained cautious given the still uncertain macroeconomic conditions. This is in line
      Source: Bloomberg  -  895 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 81,785 81,785 85,226 85,226 Manufacturing 323,308 151,134 474,442 185,071 10,397 195,468 Commerce 189,862 54,962 244,824 94,672 4,960 99,632 Tpt/Stor/Comms 109,181 66,024 175,205 189,570 22,150 211,720 Finance 196,921 98 197,019 213,157 43 213,200 Construction 125,161 45,245
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      117 8 Stock name Close Change CapMallsAsia 1.780 -0.015 CapitaLand 2.980 -0.070 CapitaMall 1.905 -0.045 CityDev 10.46 -0.040 ComfortDelGro 1.750 -0.050 DBS Grp 15.28 -0.170 GLP 2.610 -0.040 Genting SP 1.325 -0.035 Golden Agri 0.535 -0.015 HK Land 6.360 -0.140 HPH Trust US$ 0.735 -0.010 JMH 58.97 -0.140
      117 words
    • Article, Illustration
      Lock icon Dollar rises broadly as Treasury yields soar
      585 8 CURRENCIES Reuters [TOKYO] The dollar mounted a 2½-week peak against a basket of major currencies and surged against its Japanese counterpart in Asia yesterday, as expectations of scaled-back US monetary stimulus pushed up yields on US sovereign debt. Federal Reserve chairman Ben Bernanke
      Reuters; PHOTO: BLOOMBERG  -  585 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      53 8 VOLUME Innopac 167,736,000 Xpress 98,269,000 Golden Agri 87,078,000 Acma Ltd 63,277,000 AdvanceSCT 60,098,000 Hiap Tong 56,583,000 Yongnam 56,387,000 NexGenSCom 52,150,000 PNEMicron 47,200,000 Medtecs 42,392,000 VALUE($) SingTel 90,028,798 DBS Grp 73,203,090 CapitaLand 69,660,108 OCBC Bk 56,269,070 Wilmar 54,799,264 Keppel Corp 52,546,088 Golden Agri 47,675,190 UOB 41,376,660 EzionHldg 36,976,160
      53 words
    • Article
      Lock icon RISES
      114 8 BY CENTS CLOSE UP DBXT S&P Short 10US$ 3082 37.1 0.9 Great Eastern 1725 24.0 1.4 GuthrieGTS 87.5 15.0 20.7 Haw Par Corp 710 10.0 1.4 DBXT MSJAP 10US$ 4267 5.1 0.1 Hiap Tong 33 5.0 17.9 Hyflux 6% CPS 10 ***** 5.0 0.0 Jardine C&C 4125 5.0 0.1
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    • Article
      Lock icon FALLS
      130 8 BY CENTS CLOSE DOWN DBXT AUDCS 5SG$ ***** -1288.0 -5.0 DBXT AUD Bonds 5AU$ ***** -659.6 -3.0 DBXT iBoxxSing 5SG$ ***** -568.0 -4.3 DBXT MSKorea 10US$ 5064 -240.6 -3.6 IS S&P500 ***** -240.6 -1.2 GLD 10US$ ***** -157.4 -1.0 DBXT FTChina25 10US$ 2431 -113.9 -3.5 DBXT FTVietnam 10US$ 2272
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Keong Hong bags MCL contract worth $161.9m
      321 9  -  It will be main contractor for 738-unit MCL condo project in Jurong East By CARINE LEE LOCAL construction group Keong Hong Holdings Ltd yesterday announced that its wholly-owned subsidiary Keong Hong Construction Pte Ltd had secured a $161.9 million contract from a subsidiary
      ST FILE PHOTO  -  321 words
    • Article
      Lock icon Asiasons founders put in $190m, tighten control
      418 9  -  By VEN SREENIVASAN THE three primary founders of listed private equity firm Asiasons Capital have tightened their grip on the company via injection of some $190 million in additional capital. Directors Mohammed Azlan, Jared Lim Chih Lih and Ng Teck Wah entered into
      418 words
    • Article
      Lock icon OKP clinches $15m PUB contract
      266 9  -  By TEO SI JIA INFRASTRUCTURE and civil engineering group OKP Holdings has clinched a $14.98 million contract from the Public Utilities Board through its wholly owned unit, Eng Lam Contractors. The contract involves the construction of drains and culverts in residential areas such as Parbury
      266 words
    • Article, Illustration
      Lock icon Lian Beng order book hits $1.4b
      269 9  -  By ONG CHOR HAO CONSTRUCTION company Lian Beng Group continues to upsize its record order book, which now stands at $1.4 billion. In a regulatory filing yesterday, it announced that its wholly owned subsidiary Lian Beng Construction (1988) had been awarded a contract worth
      269 words
    • Article
      Lock icon Oxley Holdings buys land in JB for RM92.8m
      220 9  -  By MINDY TAN OXLEY Holdings has acquired a leasehold site in Malaysia’s Johor Bahru for RM 92.8 million (S$40.0 million) from Global Capital and Development Sdn Bhd. “The group had tendered for the lease over the land at the price, after taking
      220 words
    • Article
      Lock icon SIA shuffles roles of two senior execs
      169 9  -  By BENJAMIN AW SINGAPORE Airlines (SIA) will be seeing a rotation of two of its senior executives, the company announced yesterday. Lee Lik Hsin, currently senior vice-president of corporate planning at SIA, has been appointed president of subsidiary company SIA Cargo. The current
      169 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      24 9 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
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      Lock icon Page 9 Advertisements Column 2
      269 9 Optimisation of ““pent Portfolios Most investors would hold a number of stocks in their portfolio. However, most do not have a proper strategy of planning the type and quantity of stocks to buy. They will buy and sell each stock as independent counters. In all likelihood, investors sell off profitable
      269 words
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      Lock icon Page 9 Advertisements Column 3
      72 9 Take The Next Leap Forward Need help crossing the next professional hurdle in your life? W Visit STJobs.sg/Seminar, to find various courses to upgrade yourself with today. Awarded Best in Cross -■—Media Advertising (Silver) for Asian Digital Media Awards 2012 A product of SPH, Singapore's trusted media group. Download the
      72 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Big jump in services sector work flexibility from July 1
      425 10  -  Work-permit holders allowed to multi-task across jobs within the same business By LEE U-WEN THE government has released the tripartite guidelines ahead of allowing job flexibility for work-permit holders in the services sector from next Monday. In a statement yesterday,
      FILE PHOTO  -  425 words
    • Article
      Lock icon New High Court judge sworn in
      243 10  -  By CARINE LEE SINGAPORE has a new judge in the High Court. The Prime Minister’s Office yesterday announced the appointment of judicial commissioner Vinodh Sabesan Coomaraswamy, 48, who was sworn in at a ceremony at the Istana. Judge Coomaraswamy, who was made Senior Counsel
      243 words
    • Article
      Lock icon Operator of JRC to be appointed only in H2
      431 10  -  Some bidders seek extension of deadline, says JTC By RONNIE LIM THE first two underground oil/petrochemicals storage caverns in the Jurong Rock Cavern (JRC) are practically completed, 31/2years after construction proper started. However, the long-await-ed appointment of an independent operator to
      431 words
    • Article, Illustration
      Lock icon 18th floor of Samsung Hub goes on sale
      485 10  -  By ONG CHOR HAO THE 18th floor of Samsung Hub at Church Street has been put up for sale, hot on the heels of sustained demand for strata commercial units and a record price set for a unit on the 17th floor.
      485 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Govt calls tender for IT infrastructure services
        110 10 THE government is calling a series of tenders for the government infrastructure services to allow a smooth transition before the end of the current Standard ICT Operating Environment (SOE) contract. The first set of tenders will cover central core infrastructure services, messaging and
        110 words
      • Article
        Lock icon Aggreko to relocate its Asia-Pac HQ
        124 10 BRITISH-LISTED power and temperature control firm Aggreko yesterday said it will be relocating its Asia-Pacific regional headquarters to a new facility at Jalan Buroh. Currently, Aggreko’s regional HQ is responsible for operations in Singapore, Vietnam, Malaysia, Thailand, the Philippines, Indonesia, Japan and South Korea.
        124 words
      • Article
        Lock icon Carlsberg names new Singapore MD
        91 10 CARLSBERG Singapore has appointed John Botia as its managing director, effective June 3. Mr Botia takes over from Bart Lim who leaves to assume a new position at Carlsberg’s global headquarters in Copenhagen, Denmark. Mr Botia joins Carlsberg from Mexican beverage group, Cuauhtémoc Moctezuma. At
        91 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 2
      23 10 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WATS NOTICES
      23 words
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      2405 11 VOLUNTARY UNCONDITIONAL CASH OFFER by CIMB BANK BERHAD(*****-P) Singapore Branch (Incorporated in Malaysia) for and on behalf of UNITED SM HOLDINGS PTE. LTD. (Company Registration No.: *****5922M) (Incorporated in Singapore) to acquire all the issued and paid-up ordinary shares in the capital of GUTHRIE GTS Since1821 GUTHRIE GTS LIMITED (Company
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      Lock icon Page 11 Advertisements Column 2
      2189 11 8. DISCLOSURE OF SHAREHOLDINGS AND DEALINGS 8.1 Shareholdings and Dealings. The Appendix to this Announcement sets out, based on the latest information available to the Offeror, the number of Company Securities (as defined in paragraph 8.2 of this Announcement) owned, controlled or agreed to be acquired as at the Announcement
      2,189 words
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  • CUSTOMER SATISFACTION INDEX OF SINGAPORE
    • Article, Illustration
      Lock icon Supersizing customer satisfaction
      1320 12  -  Supermarket service quality has shot up more steeply to match product quality’s rating, reportsTEH TEH SHI NING THE traditional appeal of a supermarket over the smaller grocer is that it offers a wide selection of goods from fresh produce to dairy, canned goods to household supplies all
      FILE PHOTO; Source: ISES (Institute of Service Excellence at Singapore Management University)  -  1,320 words
    • Article, Illustration
      Lock icon A total shopping experience
      869 12  -  By TEH SHI NING FURNITURE retailers here got a glowing report from shoppers in a recent survey: better service, better products and, in general, closer to consumers’ ideals than before. The furniture segment’s score on the annual Customer Satisfaction Index of Singapore (CSISG) surged 7.2 points
      Source: ISES (Institute of Service Excellence at Singapore Management University)  -  869 words
    • Article, Illustration
      Lock icon Customers happier with service in stores
      1265 13  -  This is despite the manpower crunch affecting retailers. TEH SHI NING reports NINGreports retailers.TEH SHI NINGreports ALTHOUGH retailers here have complained amid the ongoing labour crunch that sales people cannot be replaced by robots or technology, they have done well as a group to
      FILE PHOTO  -  1,265 words
    • Article
      Lock icon Finding out how SMEs score
      428 13 SINCE 2007, the Institute of Service Excellence at SMU (ISES) has been polling customers of companies from the services sectors on how satisfied they are with the level of service delivered. Only the larger brands for whom ISES is able to gather more than 250
      428 words
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  • Page 13 Advertisements
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      116 13 ISES CORPORATE MEMBERSHIP AN AFFILIATION TO SERVICE EXCELLENCE The ISES Corporate Membership Programme brings together a selected network of Singapore's leading companies measured in the CSISG National Study. Membership entitles your organisation the benefits of collaboration on the CSISG national study and survey design together with the Institute of Service
      116 words
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  • SME Inc
    • Article, Illustration
      Lock icon Happy towkay of MoneyMax
      1295 14  -  Peter Lim takes BT through his journey into the pawnbroking business and how that has sparked changes in the sector By VICTOR KATHEYAS THE pawnbroking business has been around for a very long time, but Peter Lim, chief executive officer of MoneyMax Pawnshop, thinks that new
      PHOTO: ARTHUR LEE  -  1,295 words
    • Article
      Lock icon Unlocking value for sustainable growth
      1186 14  -  By CHIU WU HONG The writer is tax partner at KPMG in Singapore. The views expressed are his own. The E50 Awards seeks to recognise the 50 most enterprising privately held local companies in Singapore. Nominations close on July 1, 2013. Log on to www.enterprise50.org
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  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      65 14 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME Inc pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      65 words
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      4388 15 VOLUNTARY UNCONDITIONAL CASH OFFER 8. DISCLOSURES by OSKIDMG (A member of RHB Banking Group) DMG PARTNERS SECURITIES PTE LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****1140E) for and on behalf of APG STRATEGIC INVESTMENT PTE LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****6998E) an
      4,388 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon CIMB sees fewer IPOs, more M&As in Malaysia this year
      250 16 [KUALA LUMPUR] Global appetite for Asian initial public offerings (IPOs) is still strong, says CIMB Group chief executive Nazir Razak. However, CIMB does not expect 2013 to be another blockbuster year for Malaysian IPOs, Malaysia’s Business Times reported him as
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    • Article, Illustration
      Lock icon CIMB Singapore chief turns liability to asset
      667 16 Fewer branches mean it can pay higher interest rates [KUALA LUMPUR] It’s not easy being a bank with only two branches and six automated teller machines (ATMs) in Singapore, a country which prides itself as the financial hub of South-east Asia. Brand visibility
      FILE PHOTO  -  667 words
    • Article
      Lock icon Freeport resumes mining 6 weeks after collapse
      438 16 Reuters [JAKARTA] Freeport McMoRan Copper and Gold was ramping up production at its Indonesian unit yesterday, a company spokeswoman said, six weeks after a deadly tunnel collapse at the world’s No 2 copper mine halted operations. Trade union workers at the Grasberg mine
      Reuters  -  438 words
    • Article
      Lock icon 400 firms get nod to defer M’sia minimum wage
      480 16  -  Companies request postponement to Dec 31 mainly due to financial constraints: minister By S JAYASANKARAN in Kuala Lumpur AT least 400 large corporations have been allowed to defer implementation of Malaysia’s legally mandated minimum wages to the end of the year.
      480 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      110 16 U always! like us on D facebook/ufmlOOS follow us on twitter@ufml003 www.uf m1003.sg UFM 100.5 ss snv; CiO If 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
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      Lock icon Page 16 Advertisements Column 2
      107 16 runs V if* <• Kill! Hi K •Jill* 2RM2 swift sTllft 10-12 July 2013 Level 1, Hall B&C Marina Bay Sands, Singapore Organised By: B| I I k Blk 8 Lorong Bakar Batu, I L L I IN N. #07-07 Singapore *****3 Exhibition Services Pte Ltd Tel: (65) 6848 5938
      107 words
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      Lock icon Page 16 Advertisements Column 3
      62 16 HOT PROPERTY i: I E Main S Rd P ®ass ,a r Phe t rson Smins Maltar MR?°2 ta estys. Fr $8.xm! F&b ONE NORTH SHOP space, 99 S s Hi9h ceiling. a^ h A 1 LOOKING FOR GREAT RETAIL SPOTS? Check this and many other properties in CATS Classified
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Synlait Milk plans first Chinese IPO in NZ
      294 17 AP [WELLINGTON] New Zealand’s economic ties with China have deepened, with plans for the first initial public offering (IPO) of a Chinese company on the New Zealand stock market. Dairy company Synlait Milk announced it plans a July listing in order to
      AP  -  294 words
    • Article
      Lock icon China solar panel firms prepare to dodge EU tariffs
      861 17 They will ship from other countries that can export to Europe duty-free Bloomberg [BERLIN] As Europe slaps duties on US$15 billion of solar panels, their Chinese producers are preparing to counterattack with devices assembled from South Africa to Istanbul that will
      Bloomberg  -  861 words
    • Article
      Lock icon India hedges its bets as Asia embraces casinos
      731 17 Ambivalent attitude towards gambling impedes legalising it Re uters [PANAJI, India] Like many visitors to the Casino Royale Goa on a rainy Saturday night on India’s western coast, Salim Budhwani said he doesn’t gamble but also had no objection to the betting
      Reuters  -  731 words
    • Article, Illustration
      Lock icon Mass cremation for Indian flood victims
      446 17 AFP [GAUCHAR, India] Indian priests were yesterday planning to cremate hundreds of flood victims as heavy rains halted the search for thousands of tourists stranded in the devastated Himalayan region, officials said. Up to 1,000 people are feared dead and more than 8,000 mainly
      AFP; PHOTO: REUTERS  -  446 words
  • Page 17 Advertisements
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      1180 17 INDIABULLS PROPERTIES INVESTMENT TRUST (Registration Number: *****01) (a business trust constituted on 7 May 2008 under the laws of the Republic of Singapore) MANAGED BY INDIABULLS PROPERTY MANAGEMENT TRUSTEE PTE. LTD. (Company Registration Number: *****0456G) (as Trustee-Manager of Indiabulls Properties Investment Trust) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Next Fed chief set to inherit rigid structure
      939 18 It won’t be easy for Bernanke’s successor to alter or undo his monetary policy Bloom berg [WASHINGTON] The Federal Reserve under chairman Ben Bernanke has committed itself to a monetary strategy for this year and beyond that will be difficult to undo
      Bloomberg  -  939 words
    • Article, Illustration
      Lock icon German business confidence up on economic outlook
      496 18 Ifo business climate index rises in June for second month Bloomberg [FRANKFURT] German business confidence increased in June for a second month amid signs that a recovery in Europe’s largest economy is gathering pace. The Ifo institute’s business climate index, based on a
      Bloomberg; PHOTO: REUTERS  -  496 words
    • Article, Illustration
      Lock icon Cross-border interbank funding in eurozone down at 22.5%
      833 18 The rate is back to when the euro took off 15 years ago Reuters [BRUSSELS] Eurozone banks are refusing to lend to peers in other countries in the common currency bloc, signalling a worrying fall in confidence that appears to have worsened
      Reuters; PHOTO: REUTERS  -  833 words
    • Article
      Lock icon Sustained fall in A$ ‘very good thing’ for economy: Gillard
      343 18 Bloomberg [SYDNEY] Australian Prime Minister Julia Gillard said an extension of recent declines in the nation’s currency would help rebalance growth and warned against undermining confidence in the economy. “A sustained depreciation of the Australian dollar in those circumstances would
      Bloomberg  -  343 words
    • Article
      Lock icon UK’s Osborne completes talks on spending cuts
      429 18 Reuters [LONDON] British finance minister George Osborne completed talks with government departments aimed at securing spending cuts worth £11.5 billion (S$22.6 billion) in 2015-16 to help reduce the country’s budget deficit, the Treasury said. The finance ministry said it had reached agreement with
      Reuters  -  429 words
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  • WORLD
    • Article, Illustration
      Lock icon Australia’s credit haven reputation slides
      878 19 Slump in Aussie dollar spreads to stocks and debt securities Bloomberg [SYDNEY] Australia, which earned a reputation as a haven by escaping recession for more than two decades, is offering investors no place to hide as a slump in its currency spreads to stocks and
      Bloomberg; PHOTO: BLOOMBERG  -  878 words
    • Article
      Lock icon Bernanke, Beijing pull back, markets wobble
      916 19 Investors jittery as the two hint at end of stimulus support Reuters [NEW YORK] Through the dark days of the financial crisis, and the grey days of the halting recovery that have followed, investors have always been able to count on backing from two
      Reuters  -  916 words
    • Article, Illustration
      Lock icon Mandela’s condition turns ‘critical’
      489 19 NYT [JOHANNESBURG] Nelson Mandela’s condition has deteriorated to “critical” after more than two weeks in a hospital in the South African capital Pretoria, President Jacob Zuma said. Mr Mandela, 94, was admitted to the hospital’s intensive care unit on June 8 to receive treatment for a
      NYT; PHOTO: AP  -  489 words
    • Article
      Lock icon Berlusconi gets 7 years jail, public office ban
      274 19 Reu ters Bloomberg [MILAN] A Milan court yesterday sentenced former Italian prime minister Silvio Berlusconi to seven years in jail and banned him from public office after finding him guilty of paying for sex with a minor and abusing his powers of
      Reuters; Bloomberg  -  274 words
    • Article
      Lock icon Spain considers options for sale of 2 nationalised banks
      405 19 Reuters [MADRID] Spain’s economy minister said yesterday it was looking at all options for the sale of two nationalised banks as rising loan defaults and more volatility on stock markets renew questions over how it can fix the weakened sector. Bankers
      Reuters  -  405 words
    • Article
      Lock icon Europe gets flak for gridlock on economy
      926 20 Finance ministers’ failure to agree on bailout terms could unsettle markets NYT [FRANKFURT] For European officials, it may have been an especially untimely –and embarrassing example of political gridlock. Their failure to agree at the weekend on a crucial pillar of the eurozone’s
      NYT  -  926 words
    • Article, Illustration
      Lock icon BOJ promised too much: pension fund
      965 20 Inflation target of 2% within 2 years hard to achieve Bloomberg [TOKYO] Japan’s central bank probably promised too much when it set a goal of lifting inflation to 2 per cent within two years, according to Takahiro Mitani, president of the country’s public pension
      Bloomberg; PHOTO: BLOOMBERG  -  965 words
    • Article
      Lock icon Rio Tinto decides to keep its diamond units
      213 20 AFP [SYDNEY] Mining giant Rio Tinto said yesterday that it had decided to retain its diamond interests, which include operations in Canada, Australia and Zimbabwe, after a strategic review which considered a range of options, including divestment. Rio, one of the world’s
      AFP  -  213 words
    • Article, Illustration
      Lock icon Putin tightens control over economic policy
      626 20 Reu ters [MOSCOW] Russian President Vladimir Putin yesterday appointed Andrei Belousov as his economic adviser, beefing up his Kremlin staff with an advocate of greater state action to revive the weak economy. Mr Belousov takes the place of Elvira Nabiullina, who has taken charge
      Reuters  -  626 words
    • Article
      Lock icon Vodafone to buy Kabel Deutschland for 7.7b euros
      264 20 Reuters [LONDON] Vodafone has agreed to buy Germany’s largest cable operator Kabel Deutschland for 7.7 billion euros (S$12.8 billion), making its biggest deal since 2007 a bet on TV and fixed line services to protect its most important market in Europe. Announcing
      Reuters  -  264 words
    • Article
      Lock icon Suntory Beverage to raise 388b yen in IPO
      221 20 Bloomberg [TOKYO] Suntory Beverage Food Ltd is raising about 388.1 billion yen (S$5 billion) in Japan’s biggest share sale this year after pricing its initial public offering (IPO) near the low end of its range as market volatility curbed demand. The Tokyo-based
      Bloomberg  -  221 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Johor ports set to be top cargo handler in ‘basin’
      773 21 Volume through its terminals will get major boost with Pengerang complex [PETALING JAYA] Ports in Johor are expected to be the regional champion in terms of cargo handling volume, surpassing any other terminals in the “Singapore basin”, supported by the
      773 words
    • Article
      Lock icon Gulftainer takes control of three Saudi terminals
      372 21 Bloomb erg [DUBAI] Gulftainer acquired full management control of three terminals i n S au di A ra bi a t h e world’s biggest oil exporter, as the closely held port operator based in the United Arab Emirates (UAE) seeks to expand
      Bloomberg  -  372 words
    • Article, Illustration
      Lock icon United Dreamliner in emergency landing
      455 21 AFP [LOS ANGELES] A Boeing 787 Dreamliner jet was forced to make an emergency landing during an internal US flight due to a problem with its brake system, United Airlines said in a statement. “United flight 94 from Houston to Denver returned to Houston Sunday
      AFP; BLOOMBERG  -  455 words
    • Article
      Lock icon Golden Lights, Shing Li lose bunkering licences
      323 21  -  Both violated terms and conditions of licence By LYNN KAN SINGAPORE continued to defend its position as a bunkering hub, taking action against two errant bunker suppliers. The Maritime and Port Authority of Singapore (MPA) cancelled the licences of two companies involved in
      323 words
    • Article
      Lock icon TRANSPORT STOCKS
      238 21 SGX '000 Jun 24 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.25 -0.01 138 Cosco Corp 0.75 -0.01 1024 Vol First Ship Lea Chuan Hup Hldq Freight Links 0.09 unch 6746 Grand Banks unch unch 0 Jaya Hold Ltd 0 75 K1Ventures 0.17 -0.01 1577 Keppel Corp
      238 words
    • Article, Illustration
      Lock icon Korean Air joins ban on shark fin transport
      482 21 Bloomberg [HONG KONG] Shark fins’ ride in plane bellies is beginning to end. Last week, Korean Air Lines Co said that it had stopped moving the delicacy used in soups since March. The Seoul-based company joined Cathay Pacific Airways Ltd and Air
      Bloomberg; PHOTO: BLOOMBERG  -  482 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      334 21 CRYPTIC CROSSWORD Across 1 Tiger, say, having a fit of bad temper he’s a disaster! (11) 9 What may stop you shooting in exotic places around pole (4,3) 10 Runs home, disheartened with South American primate (6) 12 Praise new ideologies dismissing ego (7) 13 Brief description of unfashionable occupation
      334 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Mustn’t be too quick to breathe easy
      483 22 EDITORIAL THE haze has moved away from Singapore’s airspace towards Malaysia’s at least for a few days. Now that we are able to breathe a bit easier in the literal sense, it must be tempting to exhale on a metaphorical level. This threatens
      483 words
    • Article, Illustration
      Lock icon Why today’s protests are unlikely to be game changer
      832 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent A MILLION Brazilians have taken to the streets in the last two weeks as part of a wave of anti-government protests focusing on corruption by members of the political and business elites and calling
      832 words
    • Article, Illustration
      Lock icon In doubt: G-8 as a consensus builder
      1108 22  -  Division and disagreement mark the group’s discussions, leading to disappointment By SHAHID JAVED BURKI The writer, a former Pakistani finance minister and World Bank vice-president, is visiting senior research fellow at the Institute of South Asian Studies, an autonomous research institute of the
      PHOTO: AFP  -  1,108 words
    • Article, Illustration
      Lock icon Shake-up needed in audit profession
      1358 23  -  The business model of many accounting firms today leaves them vulnerable to losing their independence By MAK YUEN TEEN The writer is associate professor of accounting at the NUS Business School, where he teaches corporate governance and ethics THE report “Investors less trustful of financial
      FILE PHOTO  -  1,358 words
    • Article
      Lock icon How to find the best CEO
      720 23  -  By LOUISA WONG The writer is executive chairman at Bó Lè Associates, an executive search firm COMPANIES can hire their CEOs from three existing talent pools: local CEOs, foreign CEOs or overseas returnee CEOs. Local CEOs are raised and educated in the host country;
      720 words
    • Article
      Lock icon Trading representatives’ welfare not ignored: SAS
      310 23 LETTER TO THE EDITOR THE Securities Association of Singapore (SAS) would like to respond to your editorial “Trading representatives deserve better” (BT June 19, 2013). Under the current Monetary Authority of Singapore regulations, trading representatives (TRs) who have not passed the Capital Markets and
      310 words
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  • Page 23 Advertisements
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      103 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
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  • Article
    Lock icon SHIPPING TIMES
    1466 24 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
    1,466 words
  • Page 24 Advertisements
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      91 24 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 1327 I Can they find your services here in the Shipping Times? M The Business Times Shipping Times PLACE YOUR AD HERE The Business Times Shipping times CALL JOE WONG AT 9620 1327 PLACE YOUR AD HERE
      91 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2997 25 Transaction date: Jun 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 8.8 3 A-Sonic Vol Day 98 59 ABR Hldgs 75 unch 115 75 74 75 76 1.2 41.3 1.9
      2,997 words
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      Lock icon SGX CATALIST
      225 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale C000) High Low Buyer Seller C’vr P/E Smil +0.1
      225 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10930 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.09/ Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** 1/ ....1.9544/ China Opportunities ...2.7908/ EM Local Ccy Bond .0 9362/ European Opportunities!" 1.1699/ Global Emerging Markets!”
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    • Article
      Lock icon GLOBALQUOTE
      249 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 52 30.5 Genting HK US$ US43.5 -4 ***** 47 43 43.5 44 2864.3 Last 260 191 TanChongInt HK215 -5 81 218 215 210 222 4.3 3.3
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    • Article
      Lock icon SGX ETF
      928 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Company 143 120.4 CIMB APAC Div 100S$D 129.8 126 126.9 114.4 99 CIMB APAC Div 100US$ US99.2 -2.2 15 99.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      655 27 Jun 24 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.54 *****.13 *****.23 Sep13 *****.00 *****.00 *****.00 *****.00 *****3 *****5 Dec13 *****.00 19 ***** MSCI TAIWAN INDEX FUTURES SPOT 277.01 277.51 274.66 Jun13 276.30 276.80 272.40 274.80 ***** *****4 Jul13 270.40 270.70 267.00 269.20
      655 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      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
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 27 Jun 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.964 5.632 0.700 7.113 54.731 91.119 0.902 10.652 2.952 1.188 90.752 40.199 1.174 9.393 0.858 27.682 28.519 0.597 0.917 Canada 1.037 5.841
      471 words
    • Article
      Lock icon CHICAGO BOT
      110 27 Jun 21 Jun 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
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Jun 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 100.67 -2.38 WTI (Near Mth) 94.02 -0.65 Dubai (1-Mth F) 99.52 -1.57 Tapis blend 106.59 -1.23 Minas 103.04 -1.23 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.39 -0.05 Jet Kerosene 116.86 -1.51 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Jun 24 S$ Bid Offer 1-month 1.2799 1.2802 2-months 1.2798 1.2802 3-months 1.2799 1.2803 6-months 1.2799 1.2803 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 27 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$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon SIBOR
      66 27 Jun 24 (US$) (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 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Jun 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1737 1.1743 0.9170 0.9173 Canadian dollar 1.2173 1.2181 0.9515 0.9511 Euro 1.6774 1.6782 1.3106 1.3109 NZ dollar 0.9876 0.9884 0.7716 0.7721 Sterling pound 1.9666 1.9677 1.5365 1.5370
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    • Article
      Lock icon LIFFE
      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$/tonne) Close Prev High Low Jul 13 1735 1721 1751 1717 Sep 13 1743 1736 1759 1726
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1024 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Ratio Albedo Limited W*****9 Price Prem Disc Asiatravel.com HoldingsW*****7 1 1 25 13 Asiatravel.com HoldingsW*****5 2 1 27 37 BakerTech W*****5 ing Left Best World Intl Ltd
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    • Article
      Lock icon PRECIOUS METALS
      140 27 Jun 24 GOLD(US$/oz) Jun 21 Jun 24 Hong Kong 1310.00 1303.00 Jun 20 Jun 21 London 1296.40 1288.99 1297.15 1290.71 Source: Thomson Reuters CAST BAR Jun 24 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 119 53 5gm 338 265 10gm 604 529
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    • Article
      Lock icon GOVERNMENT SECURITIES
      92 27 Jun 24 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*****X 27-Dec-13 0.29 1-Year BY*****H 02-May-14 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 99.72 99.80 99.78 5-Year N*****0T 0.5
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    • Article
      Lock icon PALM OIL
      57 27 Jun 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 13 2416.0 2394.0 2416.0 2385.0 364 2227 Aug 13 2434.0 2409.0 2434.0 2401.0 4828 ***** Sep 13 2427.0 2404.0 2429.0 2394.0 ***** ***** Oct 13 2423.0 2400.0
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Jun 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.204 1.147 Can dollar 1.241 1.194 Euro 1.713 1.632 Sterling pound 2.002 1.925 NZ dollar 1.014 0.975 US dollar 1.303 1.241 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      159 27 Jun 24 Jun 24 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ 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
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  • PROPERTY
    • Article, Illustration
      Lock icon Terence Tang joins Colliers International
      403 28  -  He’s appointed MD of Asia Capital Markets and Investment Services By KALPANA RASHIWALA FORMER property consultant Terence Tang is joining Colliers International as managing director of Asia Capital Markets and Investment Services, the group said yesterday. Based in Singapore, he will lead a team of
      403 words
    • Article
      Lock icon Henderson and TIAA-CREF form £13b venture
      451 28 They will combine their European and Asian businesses Bloomberg [LONDON] Henderson Group plc and TIAA-CREF, the manager of investments for employees of non-profit institutions, agreed to combine their European and Asian real estate businesses to form a venture with £13 billion (S$25.5 billion) of
      Bloomberg  -  451 words
    • Article, Illustration
      Lock icon Cash crunch hits Chinese builders’ bonds
      899 29 Their US$ notes are globally the worst performers, down 4.1% this quarter Bloomberg [SINGAPORE] China’s builders have been the world’s worst-performing real-es-tate bonds this quarter as Premier Li Keqiang allowed a record cash crunch to rebalance the economy away from property investment. Dollar-denominated notes
      Bloomberg; PHOTO: AFP  -  899 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      249 28 How you can profit from the Philippines Property Boom Now!* Estimated8-10% rental yield 0%interest on construction High Cap appreciation CBD Ortigas Centre *WARNING: Do not buy any Philippines property until you have attended our seminar. Special feature on a World Class branded development. From S$2XXK. Date Thu 27 June 7.30pm
      249 words
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      394 29 UNIQUE OPPORTUNITYBESPOKE BOUTIQUE HOTEL FOR TAKEOVER OR OUTRIGHT SALE il An outstanding heritage hotel with a one-of-a-kind facade. Building dating from 1920's. M i Mi Fully equipped/Designer Decor Conservation/Upmarket/near 3 MRTs/ Zoned for Hotel Use/Fully Commercial Foreigners Can Buy! No additional Stamp Duty No Capital GainsTax on resale Call 6222
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      Lock icon Page 29 Advertisements Column 2
      145 29 Residential Land Parcels At Hillview Terrace Not To Scale. For Reference Only n 3 land parcels available n 999-year tenure n MP 2008 Residential, PR 1.92 n Overlooks the lush greenery of Little Guilin Tender Closing: Wed, 17 July 2013, 3 pm Investment Advisory Services Tel: 6293 3228 DTZ Debenham
      145 words
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      Lock icon Page 29 Advertisements Column 3
      177 29 PrS Regus Work your way 12 flexible office locations in Singapore Fully equipped and work-ready Terms to suit any size of business Now open at Orchard Wisma Atria Find out more about our fully equipped offices... regus.com.sg 1 800 622 1563 SPRINGLEAF TOWER Strata Office Floor For Sale ?2&b8 iSsiSS
      177 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      193 30 Time is money. We’ll make this brief MARINA BAY VIEWS FROM DINING OUT YOUNG Rents l eading north THE TOP Kaiseld that's INVESTORS'FORUM over longer term A local core in palatably priced Get answers to financial planning page 4 finance pages 12-13 I page 25 questions easily page 10 The
      193 words