The Business Times, 15 July 2013

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Total Pages: 30
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, July 15, 2013
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  • 1081 1  -  New MAS rule prohibits preferential rates for property loans to clients buying designated properties Reports by FELDA CHAY [SINGAPORE] The government is clamping down on a common practice where property developers and agents tie up with banks to sell property: it has introduced a wide-ranging rule
    FILE PHOTO  -  1,081 words
  • 161 1 FINANCIAL institutions (FIs) should not offer any property-related services to customers except for the granting of property loans. They should therefore not send property advertisements to their customers or enter into tie-ups with property developers/agents. This is regardless of the location of the property (in Singapore or
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,236.06 +66.33 KL COMP 1,785.65 +13.38 NIKKEI 225 14,506.25 +196.28 HANG SENG 21,277.28 +422.61 SET INDEX 1,453.71 +12.38 JAKARTA COMP 4,633.11 +30.30 MANILA COMP 6,574.21 +73.73 SEOUL COMP 1,869.98 +36.67 SHENZHEN B 774.28 +1.61 MUMBAI IND 19,958.47 +462.65 DOW 15,464.30 +328.46 NASDAQ 3,600.08 +120.70 S&P
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    • 23 1 For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
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    • 20 1 SINGAPORE 5.38 MALAYSIA INDONESIA HONG KONG 5.00 INDONESIA 13.399 TAIWAN US JAPAN CANADA KOREA 9.33 BRITAIN Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.263 (US$/S$ per 1.514 1.912 EURO (US$/S$/E) 1.304 1.647 Foreign currency per US$ S$ YEN 99.10 78.40 RM 3.177 2.515 HK$ 7.757 6.141 BAHT 31.18 24.68 RUPIAH 9,993 7,910 RENMINBI 6.139 4.860 INDIAN RUPEE 60.10 47.57 A$ 1.092 0.864 NZ$ 1.272 1.007
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  • 791 1  -  Many see central bank’s tactics as monetising of government debt By ANTHONY ROWLEY in Tokyo THE Bank of Japan (BOJ) is steaming ahead, apparently on course towards ending deflation and boosting growth in Japan, as the central bank noted last Friday when it used the
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  • Page 1 Advertisements
    • 198 1 BizIT A ‘hotel’ cloud for today’s dotcoms PAGE 28 YOUNG INVESTORS’ FORUM Tips on buying and financing a car PAGE 12 VIEWS FROM THE TOP Showcasing Singapore PAGES 10-11 DINING OUT Opulent Oriental splendour PAGE 21 MAS mulls more authority for credit bureaus, Page 2 *****1 *****4 GP GIRARD PERREG
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  • TOP STORIES
    • 644 2  -  Aim is to expedite provision of info to banks, to comply with new TDSR limit By FELDA CHAY [SINGAPORE] The Monetary Authority of Singapore (MAS) is looking at possibly giving more teeth to credit bureaus so that banks can get, without too much
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    • 920 2  -  Stocks will rise even if profits, guidance disappoint this week WALL STREET INSIGHT By ROB CURRAN THIS week, the stock market’s summery mood will encounter the wintry front of earnings season. The Dow Jones Industrial Average finished last week on the verge of
      PHOTO: REUTERS  -  920 words
    • THREE-MINUTE DIGEST
    • 745 4  -  50+ units sold so far as market watchers also point to general air of caution By KALPANA RASHIWALA [SINGAPORE] Just 50-plus units have been sold at Vue 8 Residence, a 99-year leasehold project in Pasir Ris. Market watchers attributed
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    • 499 4 Reuters [PARIS] Elie Chauvin did not plan to buy a new car when he stopped by his local Hyundai showroom, but the retired builder came away with two for the price of one. The bargain-basement offer in Nimes, France buy an ix35 crossover utility
      Reuters  -  499 words
    • 715 4  -  Fresh funds will help telcos keep pace with technology By NEETA LAL in New Delhi INDIA’S cash-starved telecoms sector may be seeing light at the end of the tunnel now that a proposal to remove the cap on foreign direct investment
      PHOTO: BLOOMBERG  -  715 words
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  • Page 3 Advertisements
    • 152 3 SUCCESS IN SCHOOL SUCCESS IN LIFE m s IN 2010, 234 STUDENTS WHO ATTENDED LESSONS AT THE LEARNING LAB AGED THE PSLE NATIONAL EXAMINATION BY ATTAINING TOP SCORES IN THE 2 8 0s, 2 70s AND 2 60s, AMONG THEM WERE THE TOP TWO SCORERS NATIONWIDE. IN 2011, 295 TLL
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  • Page 4 Advertisements
    • 288 4 Mi mm- r c EaPC m) Mi amp«as;»# 2013^7^180-200 July 18 to 20, 2013 ili* Sff J D 11 W J£ 'L' ntec Singapore International Convention and Exhibition Centre Overview of the Fair REGISTER TODAY! www.singaporeningboexpo.com Singapore‘China (Ningbo) Import and Export Fair and Singapore*China (Qingdao) Import and Export Fair are
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    • 92 4 ALMATY Beijing Seoul Bangkok\ Kuala Lumpur* Hong Kong Ho Chi Minh Beijing Almaty Hh- 5 times a week Bangkok Almaty 7 times a week Kuala Lumpur Almaty 3 times a week Ho Chi Minh Almaty 2 times a week Fly to Alrrtaty and beyond Seoul Almaty Hong Kong Almaty 2
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  • Page 5 Advertisements
    • 85 5 Exact and Exultant MESURE ET DEMESURE ■l r*m A 24 Vi TONDA HEMISPHERES Rose gold Automatic movement Dual time zone indication Hermes alligator strap Made in Switzerland www.parmigiani. ch FARM I GIAN I FLEURIER THE HOURGLASS SINGAPORE TAKASHIMAYA S.C. TEL: 65-6734 2420 TANG PLAZA TEL: 65-6235 7198 PARAGON TEL: 65-6735
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  • COMPANY NEWS
    • 434 6  -  Its associated company will buy CPPC sans cash assets, credits and debits for US$11.26m By KALPANA RASHIWALA OXLEY Holdings continues on its overseas expansion trail, this time buying another site in Phnom Penh, Cambodia. Over the weekend, Oxley announced that its 49 per
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    • 631 6 Reuters [LONDON] Hedge funds view the prospect of an end to US money printing as a chance to buy riskier assets, including troubled eurozone bonds and US stocks, and show they can perform better when markets are less predictable. A Reuters
      Reuters  -  631 words
    • 322 6 COMPANY MEETING PLACE DATE TIME XMH Holdings E Warren Golf Country Club 81 Choa Chu Kang Way 15-Jul 10.00am Courage Marine S 4 Robinson Road #04-01 The House of Eden 16-Jul 2.00pm Mapletree Log Tr A 10 Pasir Panjang Road Mapletree Business City Multi Purpose Hall Auditorium 16-Jul
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    • 303 6 Jul 12 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd ...5.50 Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia ...5.50 Bank of Communications ...5.50 Bank of Tokyo-Mitsubishi ...5.75 Banque Internationale a ...5.50 Bank of Taiwan
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    • 1799 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying was flat while the selling among directors was low for the sixth straight week based on Singapore Exchange filings in the second week of July. Buyers outnumbered sellers with
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  • Page 6 Advertisements

  • Page 7 Advertisements
    • 523 7 INITIAL PUBLIC OFFERING I'n au4 I'M A KJb. r SINGAPORE KITCHEN EQUIPMENT LIMITED Company Registration No.: *****2671M (Incorporated in the Republic of Singapore on 9 May 2013) Invitation in respect of 23,000,000 New Shares, comprising: (i) 2,250,000 Offer Shares at S$0.20 each by way of public offer; and (ii) 20,750,000
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  • SINGAPORE MARKETS
    • 605 8  -  STOCKS R SIVANITHY Senior Correspondent THE week ahead promises to be volatile, at least for the Straits Times Index, partly because of the slew of US economic data that is due to be released. But the main factor is Wednesday’s testimony by US
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    • 544 8 CURRENCIES Bloomberg [NEW YORK] The US dollar fell for the first time in four weeks against the euro after Federal Reserve chairman Ben S Bernanke said that the economy still requires stimulus to bolster growth, upending trades that bet on less
      Bloomberg  -  544 words
    • 1448 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 2.00 2.00 4 9.53 17.01 1.87 1.62 Amtek Engineering Ltd 3.33 3.25 3 0.05 7.62 0.54 0.49 ARA Asset Management Ltd 2.57
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    • 4 8 WEEKLY
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    • 72 8 Jul 12 VALUE CLOSE BT OB/OS 409.00-125.00 BT CADI -*****.00 -28.00 BT 10-day MA -*****.00 +41.00 FTSE ST Mid Cap 763.26 -0.27 FTSE ST Small Cap 574.91 +0.03 FTSE ST All Share 792.05 -2.44 FTSE ST China Top 198.73 -0.28 FTSE ST China 228.90 -0.37 FTSE ST
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    • 59 8 VOLUME Mirach Energy 816,456,000 SingHaiyi R 816,448,000 HanKore 327,057,000 M Devt 296,171,000 YHM 281,200,000 Innopac 260,540,000 Hiap Tong 255,760,000 Intl Healthway 235,624,000 Thai Beverage 191,242,000 WE Hldgs 190,680,000 VALUE($) SingTel 317,621,043 Mirach Energy 315,374,735 DBS Grp 297,030,060 UOB 232,244,726 Keppel Corp 212,113,945 OCBC Bk 211,611,243 CapitaLand 154,493,185
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    • 567 8 COMMODITIES AFP [LONDON] Most commodity markets rallied last week, with oil striking a 15-month peak, after US Federal Reserve chairman Ben Bernanke pledged to retain the central bank’s easy-money stimulus policy, dealers said. Many commodities rose after Mr Bernanke declared last Wednesday that
      AFP  -  567 words
    • 117 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 795.7 6.5 IS S&P500 ***** 567.1 2.7 GLD 10US$ ***** 479.9 3.2 DBXT MSKorea 10US$ 5393 305.7 4.7 DBXT FTChina25 10US$ 2642 145.3 4.6 DBXT S&P500 10US$ 2744 136.4 4.1 Hyflux 6% CPS 10 ***** 130.0 1.2 JSH 3762 103.6 2.2
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    • 135 8 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ *****-2984.0 -15.5 DBXT S&P Short 10US$ 2915 -132.6 -3.5 Lyxor Korea 10US$ 477 -40.4 -6.3 DBXT AUDCS 5AU$ ***** -34.7 -0.1 DBXT MSEmerAsi 10US$ 355 -31.6 -6.6 IS LC 1-3Y 100US$ 1011 -30.3 -2.3 DBXT STGLDv100 10US$ 2898 -27.8 -0.8 DBXT MSTaiwan
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    • 5 8 WEEKLY
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  • SINGAPORE NEWS
    • 980 9 Payment Ex Rec Pay Ann (cts) date date date date A-Sonic Aerospace aw 0.170 30-Aug 03-Sep 17-Sep 16-May Ban Leong Tech ak 1.100 31-Jul 02-Aug 14-Aug 30-May Berger Int'l ak 0.280 03-Jul 05-Jul 25-Jul 06-May Biosensors aj 2.000 31-Jul 02-Aug 16-Aug 09-Jul Biosensors ES (Jul-Aug 13) aj 2.000
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    • 291 9 TRADE and Industry Minister Lim Hng Kiang will visit Colombia and Costa Rica this week to promote greater trade and economic ties between Singapore and the two Latin American countries. The four-day trip starting tomorrow will see Mr Lim sign the
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    • 782 9  -  Company banks on automated plate clearing and express order delivery By LIVIA YAP STACKS of little round plates are often commonplace in sushi restaurants. As you take them off the conveyor belt, one by one, they add up and come to represent the
      PHOTO: ARTHUR LEE  -  782 words
    • 247 9 Rajah Tann forges strategic pact in M’sia LAW firm Rajah Tann has expanded its regional network in Malaysia through a strategic alliance with Christopher Lee Ong, a full service law firm in Malaysia. Christopher Lee Ong is the result of a merger involving three law firms Kamilah Chong (formerly the
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  • Page 9 Advertisements
    • 47 9 <-1-7 f)C{ 4-7 <; ■1 a FIND THE ONES THAT FIT! "7 C S r fxiy n s\ Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. I i— j I/" 7 1 j n r L WATs I Q RECRUIT
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    • 478 9 ALL CUSTOMERS CAN ENJOY Flat Commission us$9.99 E*TRADE Your Smart Choice for U.S. Investment No terms and conditions No time limit imit For US$0.00 opooiol oommiooion schedule, it ia-opplioobloto oustomoro who (i) poooooo total parrels valurahrratmve US$50.-900: and/or (ii)'cnecuto 30 or above t rodes-pof q u e rtor H H
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  • VIEWS FROM THE TOP
    • 2422 10 THIS WEEK’S TOPIC: Are global events like the Singapore F1 Grand Prix the best way to enhance Singapore's profile internationally? What other events or projects would you like to see hosted in Singapore? Cameron Vernest Managing Director of Singapore the Philippines BlackBerry MANY see the F1 Grand Prix
      FILE PHOTO  -  2,422 words

  • Page 11 Advertisements
    • 11 11 For the full list of views from CEOs, go to http://businesstimes.com.sg
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    • 313 11 The Ultimate Degree for Finance Executives EDHEC-Risk Institute PhD in Finance London Nice Singapore Since 2008, EDHEC-Risk Institute has been offering a unique PhD in Finance programme to elite practitioners who aspire to higher intellectual levels and aim to redefine the investment banking and asset management industries. Drawing its faculty
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1365 12  -  Find out how much your car dealer’s profit is through an LTA website in order to negotiate a better price, saysLARRY LARRY HAVERKAMP The writer is an adjunct faculty member at Singapore Management University and an instructor in the Citi-SMUFinancial Literacy Programme for
      ST FILE PHOTO  -  1,365 words
    • 770 12 A KEY question is: Are banks honest with their customers? The answer is: It depends. If you call it misleading to advertise one interest rate and then charge another, then the answer is, “no”. The problem is car lenders quote the flat rate of
      ST FILE PHOTO  -  770 words
  • Page 12 Advertisements
    • 156 12 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
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  • MALAYSIA/INDONESIA
    • 530 13 Reuters [JAKARTA] Indonesia’s plans to force tin producers to trade through a domestic exchange could be a new source of disruption for shipments by the world’s top exporter, coming just as firms are trying to meet new tin purity rules, industry sources said. The
      Reuters  -  530 words
    • 1418 13 VOL Jul 12 RM +/-(‘000) A M Realty 1.07 unch 252 VOL Advance Synerg 0.15 unch 82 Adventa Bhd 0.64 0.02 138 Ae Multi Hldgs 0.21 -0.01 10 Affin Holdings 4.10 0.03 188 Ahmad Zaki Res Airasia Bhd 3.22 0.02 4749 Alliance Finan Aluminium Co 0.70 0.01 12
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    • 1107 13 Kencana Capital eyeing both short and long-term investments [KUALA LUMPUR] Mokhzani Mahathir is the man of the moment, having secured a cash hoard as a result of the SapuraKencana Petroleum Bhd merger. Mr Mokhzani’s interest in new investments has been clear from recent transactions in the
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  • Page 13 Advertisements
    • 1423 13 HIAP SENG ENGINEERING LTD Company Registration No. *****0300Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hiap Seng Engineering Ltd (the “Company”) will be held at Conference Room, 28 Tuas Crescent, Singapore *****9 on Tuesday, 30 July
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  • GREATER CHINA/INDIA
    • 946 14 Move to ensure steady growth in credit aimed at soothing worry about tighter monetary conditions Reuters, Bloomberg [BEIJING] China’s central bank yesterday pledged to use a mix of policy tools to adjust banking liquidity to ensure steady credit growth, in an apparent bid to
      Reuters,; Bloomberg  -  946 words
    • 645 14 Reuters [NEW DELHI] India’s economic gloom has deepened with a surprise drop in industrial output, a fall in exports and higher retail inflation, adding to the central bank’s challenge of reviving the economy and supporting the rupee. A global selloff has made the
      Reuters; PHOTO: AP  -  645 words
  • Page 14 Advertisements
    • 231 14 These employers have found their ideal candidates through STJobS.Sg Shouldn’t you, too? ST Jobs is no doubt a credible platform for job seekers. More importantly, it is a partner who is dynamic, responsive and has a team of committed staff. ST Jobs has definitely benefitted us in terms of fulfilling
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  • Page 15 Advertisements
    • 2625 15 KAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices art vision technologies ARTIVISION TECHNOLOGIES LTD (Company Registration No. *****7031 R) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ARTIVISION TECHNOLOGIES LTD ("the Company") will be held at 16
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    • 3020 15 YOMA STRATEGIC HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****0185E) NOTICE OF ANNUAL GENERALMEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of YOMA STRATEGIC HOLDINGS LTD. (the “Company”) will be held at The Straits Room, Level Four, The Fullerton Hotel, 1 Fullerton Square, Singapore
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  • ECONOMY WATCH
    • 843 16 If inflation, at 1% in May, falls further, FOMC needs a rethink, he says Bloomberg [ATLANTA] Federal Reserve Bank of St Louis President James Bullard, who dissented for the first time last month over the issue of defending the Fed’s price
      Bloomberg  -  843 words
    • 307 16 Bloomberg [WASHINGTON] Malta must closely monitor its banks, which are exposed to the local property market, and also needs to watch liquidity risks for financial companies abroad that do business there, the International Monetary Fund (IMF) said. The euro-area member has
      Bloomberg  -  307 words
  • Page 16 Advertisements
    • 1229 16 AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Financial Statements As At 31 December 2012 BALANCE SHEET ASSETS In thousands of euros, at 31 December 2012 2011 Interbank transactions and similar items 15,412,078 12,384,104 Cash, Central Banks, Post Office Cheque Centres 22,958 20,871 Public bills and similar items 177,623 125,939
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    • 1031 16 SOR SINGAPORE WINDSOR HOLDINGS LIMITED Registration No. *****5764Z (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the members of the Company will be held at 8 Wilkie Road 3rd Floor Wilkie Edge Singapore *****5 on Wednesday, 31 July 2013 at
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  • Page 17 Advertisements
    • 2758 17 katc notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices "?>\&]}=!{_^(?"`:|*|<_[|~!/`/\{ SKY ONE HOLDINGS LIMITED (Company Registration No. *****2949M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Sky One Holdings Limited (the “Company”) will be held at Amara Singapore,
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  • WORLD
    • 690 18 Even governments willing to pay to exploit computer vulnerabilities NYT [NEW YORK] On the tiny Mediterranean island of Malta, two Italian hackers have been searching for bugs not the island’s many beetle varieties, but secret flaws in computer code that governments pay
      NYT  -  690 words
    • 584 18 Economists see rise in June retail sales, housing momentum Bloomberg [WASHINGTON] Retail sales probably rose at a faster pace in June and the US housing market strengthened as the economy began to emerge from a slowdown tied to higher taxes and
      Bloomberg; PHOTO: AFP  -  584 words
    • 793 19 Boost from weak yen seen waning as exports do not make up a big part of GDP Reuters [LONDON] Japan may lose this year’s top billing on global stock markets as a boost from a weakening yen is
      Reuters; PHOTO: AFP  -  793 words
    • 804 20 S’pore, HKpursuing own proposals; US, UK disagree on future of Libor Reu ters [LONDON] A global blueprint intended to stamp out manipulation of financial benchmarks, expected to be published late this week, risks failure if individual countries persist in pursuing their own regimes. Regulators
      Reuters  -  804 words
    • 500 20 Report says German minister spoke to the Swiss bank CEO Reuters [BERLIN] German Finance Minister Wolfgang Schaeuble has spoken to the chairman of UBS about the possibility of the Swiss bank buying the government’s remaining stake in Commerzbank, a magazine reported on Saturday.
      Reuters; PHOTOS: AP, THE BUSINESS TIMES  -  500 words
    • 444 20 Phone, Internet data kept for FBI, Justice Dept under ‘01 pact Bloomberg [SYDNEY] PCCW Ltd and Telstra Corp, partners in an undersea cabling venture, stored phone and Internet data for the FBI and US Justice Department under terms of a 2001 agreement
      Bloomberg  -  444 words
    • 433 20 Reuters [SYDNEY] Australia plans to scrap its carbon tax and bring forward an emissions trading scheme, Treasurer Chris Bowen said yesterday, a policy shift certain to be a focal point in the forthcoming election. Under current plans, Australia would move from the current fixed
      Reuters  -  433 words
  • Page 18 Advertisements
    • 2672 18 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices (Incorporated in the Republic of Singapore) Registration No. *****1771W NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at York Hotel, 21 Mount Elizabeth, Singapore *****6 on Tue, 30 July 2013 at
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  • Page 19 Advertisements
    • 2962 19 WATO NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CPH LTD. (Company Registration No. *****4583E) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the annual general meeting (“AGM”) of CPH Ltd. (the “Company”) will be held at 8 First Lok Yang Road, Singapore
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  • Page 20 Advertisements
    • 377 20 PAN PACIFIC HOTELS GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0248D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Pan Pacific Hotels Group Limited (the “Company”) will be held at PARKROYAL on Pickering, William Pickering Ballroom, Level 2, 3
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    • 34 20 sgCarMart (§)UOTZ Selling Made Simpler SELLYOUR CAR BY BIDDING HIGHEST PRICE GUARANTEED Online bidding by over 300 used car dealers! t r ~v v v >■ Call us now fora FREE CarValuation 6744 7571 www.quotz.com.sg
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  • DINING OUT
    • 966 21  -  Two new Chinese restaurants are pushing the boundaries of design, price and concept. But what about the food? JAIME EE finds out JAIME EE Beijing No 1 L2-03 Atrium 2 The Shoppes at Marina Bay Sands Tel: 6688-7515 Open for lunch and dinner daily: 11.30am to 2.30pm;
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    • 835 21 LE Restaurant and Asian Tapas Bar #02-314 Suntec City Mall 3 Temasek Boulevard Tel: 6338-8775 Open for lunch and dinner daily: 11.30am to 3pm; 6pm to 10.30pm. Tapas bar opens from 3pm. IF nothing else, LE Restaurant sure knows how to make a first
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  • Page 21 Advertisements
    • 73 21 VI I 11 ,1. II 1 B J oc r iTGir •W w m ft I 4MT "I «*V l« v il ripln Level 24 Tel: 6730 3395 ilcielotDhilton.com Hilton Singapore 581 Orchard Road Singapore *****3 facebook.com/hiltonsmgapore r* i ■n S ■M sii II ■I! ii II 1 II ii
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  • AVIATION/SHIPPING
    • 758 22 UK regulator cites no evidence of direct causal link in on-going probe Bloomberg [CHICAGO] A fire on board a Boeing Co 787 Dreamliner parked at London’s Heathrow airport does not appear to be related to the battery system malfunction that grounded the
      Bloomberg  -  758 words
    • 713 22 Bloomberg [NEW YORK] United Parcel Service Inc (UPS), the world’s biggest package delivery company, cut its 2013 earnings forecast on Friday, saying a slowing US economy hurt sec-ond-quarter profit and revenue. The stock has tumbled the most since
      Bloomberg; PHOTO: REUTERS  -  713 words
    • 471 22 Market still weak despite Baltic index rising 68% in H1 AFP [LONDON] The cost of shipping raw materials is surging but amid slowing Chinese economic growth and other global strains, the market remains well below its historical peak reached just before
      AFP  -  471 words
    • 298 22 Reuters [SHANGHAI] China is considering a package of regulatory measures to protect the struggling domestic shipping industry against foreign competitors suspected of malicious price manipulation, the China Daily reported. The primary enforcement tool will be intensified monitoring of how foreign shipping firms set their
      Reuters  -  298 words
  • Page 22 Advertisements
    • 219 22 In March 2013, SGX makes it compulsory for all to declare their short sell trades. With this new regulation, investors will be able to know if the sell trades come from genuine sellers. This daily short sell volume is now plotted in the Dynamic TA Chart of ShareInvestor Station, which
      219 words
  • Page 22 Miscellaneous
    • 322 22 CRYPTIC CROSSWORD Across 6 Unconventional sandals in racy holiday destination (6,7) 8 Bit of chinwag has tendency to make one shocked (6) 9 Dry part of course followed by child, a learner (8) 10 Rival fooled in odd places? (3) 11 Tincture spilt in a car (6) 12 Thin hair?
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  • SINGAPORE STOCKS
    • 3453 23 Week ended: Jul 12 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 Company 8.8 3 A-Sonic Sale Vol ('000) Week Last Quote 188 106 AIMSAMPIReit 162 -0.5 2147 163 158.5 162 163 6.6
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    • 294 24 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 $mil Last 2.4 1.3 t Advanced System 1.5 +0.1 1913 1.5 1.3 1.4 1.5 23.8 Vol Week Last Quote Div Gr Yld Net M Cap
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    • 116 24 Stock name Close Change CapMallsAsia 1.925 CapitaLand 3.160 -0.030 CapitaMall 2.010 CityDev 10.980 -0.010 ComfortDelGro 1.920 -0.005 DBS Grp 16.380 -0.130 GLP 2.840 -0.040 Genting SP 1.350 -0.015 Golden Agri 0.565 -0.005 HK Land 6.750 -0.010 Stock name Close Change HPH Trust US$ 0.760 +0.005 JMH
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    • 2041 24 Transaction date: Jul 12 HONG KONG Vol HK$ +/-'000 Aeon Credit 7.30 unch 0 Aeon Stores '000 Angang Steel 3.90 0.02 ***** Anhui Conch Anhuiexpresswa 3.47 unch 1912 Asia Satellite 28.25 -0.65 7 Asm Pacific -0.26 Bank Of E Asia 28.00 -0.35 1154 Beida Jade Bir 0.33 unch
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    • 264 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A44 +3.5 119 44 43 41 44 3.6 8 3.6 162.9 52 31 Genting HK US$ US44.5 unch ***** 45.5 44 44 44.5 2930.1
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    • 186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 6 0 0 0 0 10 6 0 Manufacturing 89 62 39 8 12 13 97 74 52 Commerce 45 16 16 9 7 1 54 23 17 Tpt/Stor/Comms 23 14 3
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    • 1048 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 113 -1 56 114 112.5 113 114 515.8 143 120.4 CIMB APAC Div 100S$D 127.7 134.8 135.7 114.4 99 CIMB
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    • 123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 104,053 104,053 329,088 329,088 Manufacturing 1,461,382 522,607 1,983,989 699,915 51,561 751,476 Commerce 857,812 339,882 1,197,694 508,378 29,718 538,096 Tpt/Stor/Comms 480,603 333,080 813,683 722,533 122,988 845,521 Finance 345,062 899 345,961 849,841 385 850,226 Construction 417,243 307,981
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  • Page 24 Advertisements
    • 26 24 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
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  • FINANCE & COMMODITIES
    • 628 25 Jul 12 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.17 *****.17 *****.30 Sep13 *****.00 *****.00 *****.00 *****.00 *****4 *****9 Dec13 *****.00 *****.00 *****.00 *****.00 7 ***** MSCI TAIWAN INDEX FUTURES SPOT 292.92 293.91 291.89 Jul13 290.70 292.90 290.10 291.50 ***** *****6 Aug13 288.60
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    • 373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jul 12 Index Change Change Change Change Change Change World Preliminary 1079.1 0.0 15.0 0.0 15.5 -0.1 11.7 EAFE Preliminary 881.2 0.0 13.8 0.0 10.3 -0.1 6.7 Europe Preliminary 1241.5 -0.1 8.2
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    • 471 25 Jul 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.949 5.622 0.702 7.103 55.029 91.501 0.907 10.306 2.909 1.165 91.684 39.737 1.157 9.198 0.870 27.396 28.547 0.605 0.916 Canada 1.054 5.923
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    • 66 25 Jul 12 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • 139 25 Jul 12 GOLD(US$/oz) Jul 12 Jul 11 Hong Kong 1290.20 1297.50 Jul 11 Jul 12 London 1280.16 1279.52 1280.93 1280.35 Source: Thomson Reuters CAST BAR Jul 12 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 117 52 5gm 333 260 10gm 595 521
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    • 95 25 Jul 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.26 6-Month BS*****W 10-Jan-14 0.29 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.05 100.11 100.10 5-Year N*****0T 0.5
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    • 57 25 Jul 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 13 2330.0 2330.0 2332.0 2330.0 5 601 Aug 13 2365.0 2309.0 2369.0 2308.0 3042 ***** Sep 13 2356.0 2301.0 2358.0 2295.0 ***** ***** Oct 13 2346.0 2293.0
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    • 155 25 Jul 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1563 1.1572 0.9155 0.9159 Canadian dollar 1.2182 1.2192 0.9650 0.9645 Euro 1.6468 1.6479 1.3039 1.3042 NZ dollar 0.9927 0.9937 0.7860 0.7865 Sterling pound 1.9116 1.9127 1.5135 1.5138
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    • 109 25 Jul 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1563.25 1601.25 1610.00 1534.50 Aug 13 1429.00 1472.00 1478.00 1426.00 Sep 13 1298.25 1332.50 1338.75 1296.75 Nov 13 1257.25 1290.75 1297.00 1255.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13
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    • 95 25 Jul 12 COCOA (£/tonne) Close Prev High Low Jul 13 1515 1520 1532 1511 Sep 13 1545 1549 1562 1537 Dec 13 1539 1542 1557 1532 Mar 14 1531 1535 1547 1524 COFFEE(US$/tonne) Close Prev High Low Jul 13 1855 1855 1883 1870 Sep 13 1875 1883 1897 1867
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    • 1063 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 0.4 1 123 712 38.00 10 Acma Ltd. W*****6 Ratio Exer Price AlliedTech W*****2 Disc Ascendas Reit MB ECW*****3 3.2 30 0.2 240 8 Asiatravel.com HoldingsW*****7 0.4 0.2
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    • 70 25 CRUDE OIL PRODUCTS Jul 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.32 -0.20 WTI (Near Mth) 104.72 -1.42 Dubai (1-Mth F) 103.35 -0.06 Tapis blend 113.02 -0.05 Minas 107.32 -0.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.56 0.45 Jet Kerosene 121.69 0.25 US$/barrel OpecOil Basket
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    • 22 25 Jul 12 S$ Bid Offer 1-month 1.2629 1.2634 2-months 1.2629 1.2636 3-months 1.2630 1.2637 6-months 1.2630 1.2639 Source: OCBC
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    • 66 25 Jul-12 Jul-12 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1802.50 1791.25 3 months 1845.00 1835.00 Copper, Grade A(US$/tonne) Cash 6939.75 6992.00 3 months 6954.00 7000.00 Lead(US$/tonne) Cash 2058.50 2066.50 3 months 2072.00 2080.00 Nickel (US$/tonne) Cash *****.25 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00 3 months
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    • 121 25 As at 9am Jul 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.180 1.124 Can dollar 1.237 1.190 Euro 1.689 1.609 Sterling pound 1.950 1.875 NZ dollar 1.010 0.972 US dollar 1.286 1.225 Local dollars to 100 units of foreign
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    • 157 25 Jul 12 $S Offer Bid 0vernight 0.05 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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
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  • Page 26 Advertisements
    • 905 26 The Business Times Shipping times Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M VESSEL VOY SIN NOU SUVA BUS MOTHER VESSEL
      905 words
    • 522 26 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TONSBERG FF327 24/06 28/06 01/07 03/07 10/07 16/07 TAMPA CF321 01/07 05/07 09/07 15/07 20/07 ENDURANCE FF329 17/07 20/07 23/07 26/07 31/07
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  • Page 27 Advertisements
    • 1129 27 Shipping Times EASTERN CAR LINER, LTD REGULAR ROROSERVICE TO YANGON M/V ‘BRIGHT STATE’ VOY. 96 LIFTING CAPACITY: 122 TONS RAMP CAPACITY: 40 TONS SINGAPORE YANGON ETA SINGAPORE 1/8/2013 ETA YANGON 6/8/2013 AGENT IN SINGAPORE: ECL (SINGAPORE) PTE LTD APPROPRIATED BERTH Jurong Port J12 CR NO: **********0E 20 Harbour Drive #07-08,
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    • 206 27 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA 1 09/13 17/07 19/07 BELITUNG/PKL BALAM SIANIRI 10/13 18/07 20/07 JAMBI/PEKAN BARU FAJAR MAS 07/13 16/07 18/07 PALEMBANG/PANJANG SINOPA 12/13 18/07 20/07 BENGKULU/PADANG SRI JAYA 8 07/13 IN PORT 16/07 BELAWAN/LHOKSEUMAWE CARAKA JN332 06/13 22/07 24/07
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 844 28  -  Softlayer’s strategy relies on its quick automation technology to bring in more revenue from companies with demanding needs, reports VICTORIA HO VICTORIA HO CLOUD provider Softlayer operates on, in its words, a “hotel” model, encouraging enterprise tenants to come and go as they please.
      844 words
    • 836 28  -  Awareness and clear policies are needed <you say> By MARK BILLINGTON The author is regional director, ICAEW South-east Asia. ICAEW is a professional membership organisation that promotes and develops over 140,000 chartered accountants worldwide. CYBERCRIME is big business the cost has been calculated globally at US$114 billion
      836 words
    • 752 28  -  It signs MOU with Singapore-based IAHGames, Corous360 By AMIT ROY CHOUDHURY TAKE5 Games Asia, part of a global platform for online skill-based games with social media integration and monetisation opportunities, has signed a pact with Singa-pore-based IAHGames and Corous360, a wholly owned subsidiary
      752 words
    • 789 29  -  Total falls 10.9% to 76m units in Q2; Lenovo is top global vendor, beating HP By AMIT ROY CHOUDHURY WORLDWIDE PC shipments dropped 10.9 per cent to 76 million units in the second quarter of this year, according to preliminary results published by
      789 words
    • 677 29 AFP [ZURICH] Swiss watchmakers are warily eyeing Apple’s reported progress towards creating a “smartwatch”, but say that they are not too worried about the tech goliath’s likely incursion into their traditional turf. The California-based company has so far been tight-lipped about its suspected plans
      AFP; PHOTO: REUTERS  -  677 words
    • 969 29 LATWP [WASHINGTON] Microsoft has accused US Customs officials of refusing to follow a trade agency’s order to block imports of phones made by Google’s Motorola Mobility unit in a lawsuit that seeks to alter how such cases are handled. The US International
      LATWP  -  969 words
    • 632 29  -  Leading player says they will make up over 75% by 2020 By ADELINE TAN HARD disk drives (HDDs) are not going away anytime soon. In fact, they will continue to dominate and grow in enterprise systems, computers, personal storage and consumer electronics, according
      632 words
  • Page 28 Advertisements
    • 1287 28 KING WAN CORPORATION LIMITED (Incorporated in Singapore) Company No.: *****1034R NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting of KING WAN CORPORATION LIMITED (the “Company”) will be held at the Board Room, 8 Sungei Kadut Loop, Singapore *****5 on Tuesday, July 30, 2013
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  • Page 30 Advertisements
    • 303 30 Best of Both Worlds humanc«P,TA L PEOPLE I NETWORK AND BE INSPIRED AT «ig on X. Ix'x FOR ASIA I ASIA'S LEADING HUMAN CAPITAL EVENT S 'J TE^ i', cnaaaaa THE BUSINESS TIMES SUBSCRIBE TODAY BBT ONLINE BBT HOME DELIVERY The Business Times Raffles Conversation M 13 am A National
      303 words