The Business Times, 6 August 2013

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

Microfilm: NL32677
Total Pages: 30
1 30 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, August 6, 2013
    25 words
  • Article, Illustration
    Lock icon PRs trip on ringfence around landed homes
    920 1  -  Sharp drop in approvals for PRs seeking to buy landed homes in mainland S’pore By KALPANA RASHIWALA [SINGAPORE] The number of approvals granted to permanent residents wanting to buy landed homes on mainland Singapore has fallen sharply, since the authorities further tightened the
    PHOTOS: ARTHUR LEE  -  920 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,241.79 (-12.34) HST INDEX FUTURES 3,221.00 (-2.00) HSIMSCI 370.86 (-1.66) ESIMSCI FUTURES 369.00 (unch) US$ S$ US$ (S$ per US$) 1.267 (US$/S$ per 1.532 1.941 EURO (US$/S$/€ 1.329 1.684 Foreign currency per US$ S$ YEN 98.40 77.70 RM 3.230 2.549 HK$ 7.756 6.122 BAHT 31.34 24.74 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,785.14 +2.63 NIKKEI 225 14,258.04 -208.12 HANG SENG 22,222.01 +31.04 SET INDEX 1,424.31 +3.37 JAKARTA COMP 4,640.78 +16.45 MANILA COMP 6,509.73 -24.22 SEOUL COMP 1,916.22 -7.16 SHENZHEN B 788.93 +5.23 MUMBAI IND 19,182.26 +18.24 12noon EDT Change DOW 15,607.48 -50.88 NASDAQ 3,687.74 -1.85
      48 words
    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.416 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
      21 words
  • Article, Illustration
    Lock icon How accurate is that financial statement? Just make a guess
    862 1  -  By MICHELLE QUAH [SINGAPORE] What if someone told you that the financial statements of a company that you depend on to make your decisions as an investor, creditor, potential acquirer or some other stakeholder were almost totally the result of
    862 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      97 1 PROPERTY GCB at Chancery Lane on sale for $39m SME Inc Putting S’pore on the social media map PAGE 11 HOCK LOCK SIEW Short-sellers have important role to play in governance PAGE 4 COMMENTARY The conglomerate way to economic growth PAGE 20 PAGE 3 8 *****1 *****4 Classique Tourbillon 1
      97 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      508 2 PRs trip on ringfence around landed homes THE number of approvals granted to permanent residents wanting to buy landed homes on mainland Singapore has fallen sharply, since the authorities further tightened the eligibility criteria in 2011 to ensure these properties remain the primary preserve of Singapore citizens. FRONT
      508 words
    • Article
      Lock icon Most companies optimistic about outlook: survey
      624 2  -  By LEE U-WEN [SINGAPORE] A new survey of 147 companies here has found that most of them are generally optimistic about their business outlook this year despite an uncertain economy. This is reflected in moderate wage increases, bonuses and recruitment plans that are largely
      624 words
    • Article, Illustration
      Lock icon Failed DBS-Danamon deal seen deterring foreign investors
      836 2 AFP Bloomberg [JAKARTA] The collapse of Singapore lender DBS’s US$6.5 billion bid for Bank Danamon is further evidence of a “rising tide of economic nationalism” in Indonesia that may deter foreign investors, analysts warn. Rajiv Biswas, chief Asia-Pacific economist at global consultancy IHS
      AFP; Bloomberg  -  836 words
    • Article, Illustration
      Lock icon IMF report weakens case for weaker yen
      797 2  -  IMF urges Japan to prepare plans for an eventual exit from monetary easing By in ANTHONY ROWLEY in Tokyo THE yen is now “moderately undervalued”, an International Monetary Fund (IMF) report suggested yesterday a finding which appeared to rule out the chances of
      PHOTO: REUTERS  -  797 words
    • Article, Illustration
      Lock icon Former SGX executive in new UBS role
      458 2  -  By JASMINE NG [SINGAPORE] UBS, the world’s biggest wealth manager, named former president of the Singapore Exchange, Gan Seow Ann, as vice-chairman for South-east Asia and markets such as China and Australia to beef up its operations there. Mr Gan, 53, will fill
      458 words
    • Article
      Lock icon Malaysian exports in June fall for 5th straight month
      468 3  -  6.9% dip comes after bigger decline in E&E shipments to China, US By PAULINE NG in Kuala Lumpur MALAYSIA’S June exports dropped 6.9 per cent year-on-year for a fifth successive month following a bigger decline in electrical and electronic (E&E) shipments
      468 words
    • Article
      Lock icon China’s services sector bucks trend with July growth
      511 3 Reuters [BEIJING] Activity in China’s services sector defied the country’s economic cooldown to expand modestly in July, a private survey showed yesterday, as new business orders recovered from a multi-year low in a rare sign of resilience. But that was tempered by
      Reuters  -  511 words
    • Article, Illustration
      Lock icon GCB at Chancery Lane on sale for $39m
      432 3  -  By MINDY TAN [SINGAPORE] A Good Class Bungalow (GCB) at Chancery Lane is on the market, a sign of piquing interest in the area which saw a number of significant sales in recent months. The indicative price for the one-storey freehold property,
      432 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      675 3 Power Up Your Leadership Competency Who should attend: CEOs, Directors, Managers, Team Leaders, Sales Managers and other general management professionals who want to develop their leadership skills. Productivityand Innovation Credit (PIC) Claimable FULL-DAY WORKSHOPS How To Grow As A Leader This workshop will introduce you to the key skills and
      675 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Forterra’s Q2 net profit up 42% on disposal gain
      479 4  -  Net property income falls 20% to $13.5m ahead of asset refurbishment work By LEE MEIXIAN A DISPOSAL gain of $18 million from the sale of Central Plaza in May this year gave Forterra Trust a liquidity boost and helped lift its
      FILE PHOTO  -  479 words
    • Article
      Lock icon Record Hiap Hoe interim payout as earnings rise
      337 4  -  By ONG CHOR HAO PROPERTY developer Hiap Hoe has recommended a record high interim dividend of 1.2 cents per share, after seeing its second-quar-ter earnings surge 76 per cent. The company, which paid an interim dividend of half a cent per share
      337 words
    • Article
      Lock icon United Envirotech’s Q1 net gain slips 2.6%
      264 4  -  Revenue boost from engineering, water treatment segments By NELSON LEE WATER TREATMENT company United Envirotech Ltd (UEL) posted a 2.6 per cent fall to $5.73 million in net profit attributable to shareholders for its fiscal first quarter. Revenue for the April-June quarter grew
      264 words
    • Article, Illustration
      Lock icon ARA Q2 net profit down 1% to $15.3m
      429 4  -  By MINDY TAN ARA Asset Management’s net profit for the second quarter ended June dipped one per cent to $15.3 million from $15.4 million a year ago. Excluding unrealised mark-to-market losses, the group achieved a net profit of $19 million, up 26
      FILE PHOTO  -  429 words
    • Article
      Lock icon Short-sellers have important role to play in governance
      682 4  -  HOCK LOCK SIEW By R SIVANITHY IT HAS always been our contention that short-sellers particularly those who conduct extensive research, publish their findings and are open about their position have an important role to play in enhancing governance in stock markets. The
      682 words
    • Article
      Lock icon New oil well boosts Interra Q2 net to US$4.4m
      551 5  -  It plans to drill four more wells in South Sumatra in the second half By ANDREA SOH SECOND-QUARTER earnings for Interra Resources shot up to US$4.45 million –more than the amount the firm made for the whole of 2012 thanks to
      551 words
    • Article
      Lock icon Yongmao doubles Q1 net to 13m yuan
      339 5  -  By CAI HAOXIANG BOOSTED by strong Chinese demand, China-based crane maker Yongmao Holdings has reported a net profit of 13 million yuan (S$2.7 million) for its first quarter ended June 30 more than double the 6 million yuan it made in the same
      339 words
    • Article
      Lock icon US$44m allowance takes toll on CH Offshore
      288 5  -  By ANNABETH LEOW OFFSHORE and marine service provider CH Offshore sank US$7.1 million into the red for the financial year ended June 30, down from a net profit of US$33.4 million the previous year. The period saw “other expenses” of almost US$44 million,
      288 words
    • Article
      Lock icon SMX not affected by troubles of NSEL
      265 5 It is in compliance with regulatory rules in S’pore THE Singapore Mercantile Exchange (SMX) has come out to say that it is not impacted by the troubles of its sibling, the National Spot Exchange Ltd (NSEL) the biggest spot commodity exchange in India
      265 words
    • Article, Illustration
      Lock icon Yongnam Q2 profit falls 28.6% on provisions
      362 5  -  By ONG CHOR HAO ENGINEERING company Yongnam Holdings’ sec-ond-quarter net profit fell 28.6 per cent from a year ago, after having to account for its exposure to a contractor that went bust. It posted a net profit attributable to shareholders of $8.6 million
      362 words
    • Article
      Lock icon CSC reports 29.5% fall in Q1 earnings
      282 5  -  By CAI HAOXIANG HIGHER costs and competition for contracts hit the bottom line of engineering firm CSC Holdings, which reported a net profit of $607,000 for its first quarter ended June 30, down 29.5 per cent from $861,000 the same period a year
      282 words
    • Article, Illustration
      Lock icon Tiger Airways names new operations chief
      245 5  -  By NISHA RAMCHANDANI TIGER Airways Holdings has appointed Ho Yuen Sang as its new chief operations officer (COO). He takes over from Chin Sak Hin, 53, who has stepped down to assume the role of chief corporate development officer. He was made COO on
      FILE PHOTO  -  245 words
    • COMPANY BRIEFS
      • Article
        Lock icon BRC Asia reports 68% surge in Q3 profit
        95 5 PREFABRICATED steel reinforcement provider BRC Asia’s third-quarter net profit jumped 68 per cent to $8.9 million from $5.3 million a year ago due to lower steel costs, which improved profit margins. In turn, earnings per share for the period ended June 30,
        95 words
      • Article
        Lock icon Asset reclassification boosts Healthway
        104 5 OUTPATIENT medical services provider Healthway Medical Corporation’s second-quarter net profit surged to $23 million from $1.9 million a year ago. This was due to gains on the disposal of available-for-sale financial assets that were reclassified from equity of $35.4 million. This arose when the group used
        104 words
      • Article
        Lock icon Otto Marine names new chief executive
        69 5 OTTO Marine’s chief executive Yaw Chee Siew has stepped down from his position as part of the company’s succession planning, the company said yesterday. Mr Yaw will be replaced by Garrick Stanley, who has been the managing director of Otto Marine’s subsidiary Go Marine
        69 words
      • Article
        Lock icon Ley Choon bags $6.5m PUB contract
        31 5 LEY Choon Group Holdings has secured a $6.5 million contract from the Public Utilities Board to supply, lay and divert ductile iron and steel watermains.
        31 words
      • Article
        Lock icon BBR Holdings forms venture to develop EC
        65 5 CONSTRUCTION group BBR Holdings said yesterday that it will form a joint venture with Evia Real Estate, CNH Investment and OKP Land to develop an executive condominium project on a 99-year leasehold HDB land site at Yuan Ching Road/Tao Ching Road in Jurong.
        65 words
    • Article, Illustration
      Lock icon SGX looking to derivatives for growth
      1192 8 No clear merger and acquisition opportunities in region, says CEO Bloomberg [SINGAPORE] Singapore Exchange Ltd, South-east Asia’s biggest bourse, is relying on derivatives for growth amid a dearth of merger and acquisition candidates in Asia. SGX is planning energy and bond futures, chief executive
      Bloomberg; PHOTO: BLOOMBERG  -  1,192 words
    • Article, Illustration
      Lock icon Chicago Mercantile Group eyes Asia market
      547 8  -  It plans to expand headcount, add functions in region By ANDREA SOH FACED with increasing competition and a raft of new regulations at home, the largest futures exchange operator in the US, Chicago Mercantile Group (CME), is training its eyes on Asia. The group
      PHOTO: REUTERS  -  547 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      39 4 Find the nearest car workshop or towing service with our one-stop motoring directory. Log on to www.STCars.sg dl ,v t 9E f] STCars.SG STCarsSG I Google play B f| AppStore A product of SPH, Singapore’s Trusted Media Group STCars.s
      39 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      298 5 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 t/ For US$0.00 opooiol oommiooion schedule, it io-opplicoblo to oustomoro who (i) poooooo total Darrels valurat-or above US$50.-900: and/or (ii)'cneeuto 30 or above t rodes-pof q u e rtor
      298 words
Page thumbnail Page 6
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market hit by triple whammy
      617 6  -  Weak US job figure, indifferent China data and upcoming holidays combine to take toll on trading STOCKS R SIVANITHY Senior Correspondent AWHOLLYnonde-script session yesterday finished with the Straits Times Index 12.34 points weaker at 3,241.79 in low volume of two billion units worth $826 million,
      Source: Bloomberg  -  617 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 3 0 0 0 5 8 3 Manufacturing 33 60 42 5 10 12 38 70 54 Commerce 8 35 17 2 11 1 10 46 18 Tpt/Stor/Comms 8 26 9
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,573 21,573 49,790 49,790 Manufacturing 230,890 175,366 406,256 93,745 8,562 102,307 Commerce 118,874 137,085 255,959 76,646 6,379 83,025 Tpt/Stor/Comms 102,484 21,404 123,888 92,547 7,691 100,238 Finance 121,386 23,368 144,754 124,300 9,630 133,930 Construction 49,153 22,452
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 1.990 -0.010 CapitaLand 3.280 -0.020 CapitaMall 2.020 +0.010 CityDev 10.70 -0.050 ComfortDelGro 2.000 +0.005 DBS Grp 17.40 -0.140 GLP 2.870 Genting SP 1.350 +0.015 Golden Agri 0.525 HK Land 7.000 +0.050 HPH Trust US$ 0.735 -0.030 JMH 53.00 +0.430 JSH 33.41
      111 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Aug 5 VALUE CLOSE BT OB/OS -340.00 -189.00 BT CADI -*****.00 -131.00 BT 10-day MA -*****.00 -34.00 FTSE ST Mid Cap 764.15 +0.99 FTSE ST Small Cap 565.00 -2.52 FTSE ST All Share 792.35 -2.35 FTSE ST China Top 201.05 -2.29 FTSE ST China 231.94 -2.65 FTSE
      73 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME SingHaiyi 300,355,000 Cedar 125,719,000 Innopac 109,573,000 HanKore 102,182,000 Golden Agri 63,414,000 WE Hldgs R 50,961,000 Mirach Energy 49,139,000 FreightLinks 47,133,000 NexGenSCom 44,802,000 CNA 43,002,000 VALUE($) DBS Grp 43,078,612 OCBC Bk 37,905,300 Keppel Corp 36,387,081 SingTel 33,729,870 Golden Agri 32,900,280 JMH 27,271,593 UOB 19,699,790 Genting SP 19,174,510
      55 words
    • Article
      Lock icon BROKERS’ TAKE
      939 6  -  Compiled by JOYCE HOOI Cordlife Group Limited Aug 5 close: $1.115 Maybank Kim Eng, Aug 5 POSSIBLE relaxation of one child policy. According to a Chinese press report, there is a strong rumour on the mainland that China may relax its one child policy by the end of
      939 words
    • Article, Illustration
      Lock icon NZ$ falls on worries over dairy exports
      506 6 CURRENCIES Reuters [LONDON] The New Zealand dollar fell to a one year low against the US dollar yesterday after New Zealand’s major dairy exporter, Fonterra, said that it had found bacteria in some of its products that could cause botulism. China halted the
      Reuters; PHOTO: BLOOMBERG  -  506 words
    • Article
      Lock icon RISES
      119 6 BY CENTS CLOSE UP GLD 10US$ ***** 304.0 1.9 SPDRS S&P 500 10US$ ***** 224.2 1.0 DBXT AUD Bonds 5AU$ ***** 178.2 0.9 Lyxor ThaiSET 10US$ ***** 174.8 1.1 DBXT MSJAP 10US$ 4577 88.7 1.6 Hyflux 6% CPS 10 ***** 88.0 0.8 Lyxor Europe 10 US$ 1373 78.5 4.7
      119 words
    • Article
      Lock icon FALLS
      120 6 BY CENTS CLOSE DOWN Jardine C&C 4081 -94.0 -2.3 STXPO 100 255 -60.0 -19.0 DairyFarm 1122 -59.5 -4.0 DBXT FTVietnam 10US$ 2260 -20.3 -0.7 UOB 5.05%NCPS 100 ***** -15.0 -0.1 DBS Grp 1740 -14.0 -0.8 H Royal 310 -10.0 -3.1 SingTel 385 -9.0 -2.3 SingTel 10 383 -9.0 -2.3
      120 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      75 7 A steadfast A steadfast voice of reason, clarity and hope. Another masterful piece of work. Lee Myung-bak, President of the Republic of Korea, 2008-2013 most valuable guidance Sharp and convincing... most valuable guidance for the 21st century world’s complexity. Helmut Schmidt, Former German Chancellor One Man’s View of the World
      75 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      132 8 Food Services w in 2013 19 August 2013 Marina Bay Sands, Singapore Food Services in Healthcare Summit is Asia's first of its kind conference created specially for dietitians, nutritionist and professionals in the healthcare food services sector. Key distinguished speakers include Ms Christine Lee Director of Operations, Mahkota Medical Centre,
      132 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 2
      37 8 W.3 with LINKIN PARK LIVING THINGS WORLD TOUR 19 AUGUST 2013 8PM STADIUM NASIONAL BUKIT JALIL MALAYSIA Tune in to HOT FM91.3 or log on to www.hotfm.sgfor more details! ie S aye--5 Q facebook.com/hotfmsg 36 ©hotfmsg www.hotfm.sg
      37 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 3
      55 8 www.omy.sg Sh i 9 c o o fa* MS WMw) »nm»» •SV f mmr m mm wsv*> m <» A Visit to Taichung's Rainbow Village lifestyle, omy.sg n-t Sc v e t fit If[I IS tf-3 9 r hi o Download omy Apps o 07 omy News iOSAppStore Google Play
      55 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      296 9 Best of Both Worlds FHE BUSINESS TIMES SUBSCRIBE TODAY QBT ONLINE HBT HOME DELIVERY V O HUMAN CAPITAL cfRAfffiipc I Nt I VVUnlV HIUI DC inOrmCU Ml X. FOR ASIA I ASIA'S LEADING HUMAN CAPITAL EVENT S 'J TEI^ The Business Times ES Raffles Conversation National Day JL-. dhriplinr THE
      296 words
Page thumbnail Page 10
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon dnata S’pore invests in new storage facility
      304 10  -  The centre is part of its $30m investment programme here By NISHA RAMCHANDANI dnata Singapore has invested more than $4 million in a perishable cargo handling centre within its airfreight facility at Changi Airport. It will have the capacity to process 75,000 tonnes
      304 words
    • Article
      Lock icon Allgreen to launch River Valley condo this month
      381 10  -  999-year project with 248 units in District 10 to be marketed at $2,100-$2,300 psf By FELDA CHAY ALLGREEN Properties Ltd is looking to launch RV Residences, a 999-year leasehold development at River Valley Road, at the end of this month. Marketing agent
      381 words
    • Article
      Lock icon PwC boosts consulting capability in South-east Asia
      324 10  -  By LEE MEIXIAN ONE of the Big Four professional services firms, PricewaterhouseCoopers (PwC), has formed a new joint venture between its consulting practices in South-east Asia, New Zealand, Australia and the United States with an eye on growing its consulting capability in South-east
      324 words
    • Article, Illustration
      Lock icon A better BMW 5 Series
      416 10  -  Finetuned suspension offers keener balance between sporting ability and ride By SAMUEL EE THE best-selling BMW 5 Series now looks and feels smoother. The mid-sized executive saloon has been given a makeover and together with the 5 Series Gran Turismo, both of these sporty models
      416 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      1390 10 OLD CHANG KEE LTD. (Incorporated in the Republic of Singapore) (Company Registration Number *****6190W) (the “Company”) NOTICE OF EXPIRY OF WARRANTS W*****6 TO: ALL HOLDERS OF WARRANTS W*****6 (THE “WARRANTS”) TO SUBSCRIBE FOR NEW ORDINARY SHARES IN THE CAPITAL OF OLD CHANG KEE LTD. (THE “COMPANY”) THIS NOTICE IS IMPORTANT
      1,390 words
Page thumbnail Page 11
  • SME Inc
    • Article, Illustration
      Lock icon Putting S’pore on the social media map
      1136 11  -  Yuuzoo is proving that the island can create something that is as successful as Twitter or Facebook, reportsANNA ANNA LEE TARGETED social networks (TSNs) is probably a concept foreign to many. It is the marriage of social media as we know it and
      1,136 words
    • Article, Illustration
      Lock icon Making the psychological contract work at SMEs
      1036 11  -  THE VIEW FROM NTU PROFESSORS By WEE BENG GEOK The writer is director of the Asian Business Case Centre at Nanyang Business School. She researches and writes case studies focusing on strategy, management and organisation for commercial and not-for-profit organisations RECENT reports paint
      1,036 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      112 11 The office you need, where you need it till rwi S iF Whatever kind of office space you want, you’ll only ever pay for what you use nothing more. If you need an office all of the time, or part time, we can help. If you need an office occasionally
      112 words
Page thumbnail Page 12
  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Malaysia’s currency, bond markets face vicious sell-off
      711 12 Ringgit at 3-year lows; government bond yields driven to 2 1 /2-year high Reuters [KUALA LUMPUR] Malaysia’s normally tranquil currency and bond markets have been whipsawed by an exodus of foreign capital as investors reassess emerging markets most at risk from a withdrawal
      Reuters; PHOTO: REUTER  -  711 words
    • Article
      Lock icon Rupiah forecasts cut as central bank shifts stance
      406 12 Bloomberg [JAKARTA] Analysts are lowering their rupiah forecasts by the most in 18 months as Bank Indonesia allows the exchange rate to more accurately reflect worsening exports and an exodus of funds from the nation’s stocks and bonds. The median estimate for
      Bloomberg  -  406 words
    • Article
      Lock icon Iskandar developers see continuing strong momentum
      611 12 Good response reported from most new property launches in first half of the year [JOHOR BARU] Property developers in Iskandar Malaysia are reaping big rewards as the property outlook in the economic growth region remains vibrant. Johor Real Estate and Housing Developers Association (Rehda)
      611 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      1008 12 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ARETAE PTE LTD (IN COMPULSORY LIQUIDATION) COMPANY REGISTRATION NO. *****5800D WINDING UP NO. 48 Of 2012/W Notice is hereby given that a Creditors’ Meeting of the Company will be held on the 28 th day of August 2013 at 3:00 pm at
      1,008 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      22 12 Chinese media: China's home prices up 10 times in last decade despite cooling measures To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      22 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 3
      62 12 R 0 P E R T Y T II District! Chinatl FTER! Shophouse I269/ W 3inn' S ft approx. 99yrs Maxwell mrt station interchange. Suit all trade. bUS ™f@ S Ua E seho(d S p 0P/Office Future devf LOOKING FOR PROPERTIES NEAR AMENITIES? Check this and many other properties in
      62 words
Page thumbnail Page 13
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China steel sector hit by credit crunch
      969 13  -  Govt is intensifying its campaign against overcapacity in bloated industry By JULIE ZHU EJ Insight [HONG KONG] Chinese steelmakers led by Baoshan Iron Steel Co Ltd are likely to face more pressure from the liquidity crunch and soaring financing costs as Beijing intensifies
      EJ Insight; PHOTO: REUTERS  -  969 words
    • Article
      Lock icon India caught in middle as US ponders tapering QE
      554 13  -  Volatility in emerging markets is already making investors pull money out By PAULINE CHIOU The writer is a CNN anchor/correspondent and the co-host of ‘World Business Today’ based in Hong Kong. Follow Pauline on Twitter @PaulineCNN. For more business coverage, go
      554 words
    • Article
      Lock icon Beijing to invite foreign bids for 126 projects
      267 13 Reuters [SHANGHAI] Beijing’s Commission of Reform and Development, the city’s economic planner, will invite foreign investors to bid on 126 urban infrastructure projects collectively seeking 338 billion yuan (S$70 billion) in financing, the China Daily said yesterday. The projects include rail transport,
      Reuters  -  267 words
    • Article
      Lock icon India’s Power Grid Corp to boost its US$16.5b investment target
      622 13 Company plans to double transmission capacity in 5 years Bloomberg [NEW DELHI] Power Grid Corp of India, blamed for a network collapse that left more than half the nation’s population without electricity a year ago, will boost a US$16.5 billion
      Bloomberg  -  622 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      733 13 m WATS NOTICES <\ CHINA y FISHERY <“ CHINA FISHERY GROUP LIMITED (Incorporated in the Cayman Islands) (the "Company") NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EGM of the Company will be held at Millenia 3, Level 2, The Ritz-Carlton Millenia Singapore, 7 Raffles Avenue, Singapore
      733 words
Page thumbnail Page 14
  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Eurozone business activity growing
      461 14 Purchasing index breaks out of threshold for first time since Jan 2012 Reuters [LONDON] Euro zone business expanded for the first time in 18 months in July, albeit very slightly, according to a survey yesterday that suggested the economy is slowly starting to stabilise. Markit’s Eurozone
      Reuters; PHOTO: BLOOMBERG  -  461 words
    • Article
      Lock icon Aussie central bank tipped to keep rates low for long period
      732 14 It is expected to cut rate to 2.5% today as growth slows Reu ters [SYDNEY] As Australia contemplates life on the other side of the mining boom, the onus is very much on the country’s central bank to prop
      Reuters  -  732 words
    • Article
      Lock icon Treasuries the world’s worst performing sovereign bonds
      560 14 Traders bet that US growth is fast enough to allow the Fed to trim its bond buying Bloomberg [SINGAPORE] Treasuries are the world’s worst-performing sovereign bonds amid signs that the US economy is improving, extending losses as analysts said that a report will
      Bloomberg  -  560 words
    • Article, Illustration
      Lock icon Hollande has a hard job to keep his promise
      791 14 Reuters [PARIS] Defying all predictions by the IMF, the European Commission and the bulk of private economists, President Francois Hollande is still banking on a turnaround in French unemployment by the end of the year. Not only that, he has upped
      Reuters  -  791 words
    • Article
      Lock icon Australian retail sales stall in June on political uncertainty, job fears
      324 14 Xinhua [SYDNEY] The National Retail Association (NRA), Australia’s largest retail industry organisation, yesterday said the unchanged retail trade data released by the Australian Bureau of Statistics (ABS) demonstrated retail sales stalled in June as consumers waited for an election
      Xinhua  -  324 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      324 15 THE STRAITS TIMES WHEREVER YOU ARE IS W/T ijjjj J£ u'Jnn Jjj Olfin -TJ3J U, r* te a awS Z! 1 r i V m* < >■ STAY INFORMED ON WHAT MATTERS MOST GRAB THESE FABULOUS GIFTS when you Subscribe to The Straits Times. Select o Plan and pick your
      324 words
Page thumbnail Page 16
  • WORLD
    • Article, Illustration
      Lock icon Political scandals threaten to unravel eurozone recovery
      804 16 The conviction of Berlusconi may stall govt efforts to kickstart economy WP [BERLIN] Italian government instability following the tax-fraud conviction of former prime minister Silvio Berlusconi threatens to end a lull in the European debt crisis and derail a nascent economic recovery. Mr
      WP; PHOTO: AFP  -  804 words
    • Article
      Lock icon Solar panels installed at extraordinary rate in Australia
      683 16 Xinhua [MELBOURNE] More than one million rooftop solar photovoltaic (PV) systems have been installed in Australia, growing up from over 8,000 in 2007, the Australian Climate Commission said in a report. The report also said that 2.6 million people, referring to approximately
      Xinhua  -  683 words
    • Article
      Lock icon Norway must review US$740b wealth fund: opposition leader
      805 16 Bloomberg [OSLO] Norway needs to review its US$740 billion sovereign wealth fund to find a more competitive model that will boost returns, according to the head of the opposition bloc leading in polls ahead of elections next month. The investments “might be
      Bloomberg  -  805 words
    • Article
      Lock icon Angola opening up booming economy to foreign investors
      815 16 But poor transparency record may dampen plans for SWF, bourse and Eurobond Reu ters [LISBON] Eager to tap into Angola’s booming oil economy for over a decade, foreign investors are finally seeing the country open up new financial avenues. But will woeful
      Reuters  -  815 words
    • Article, Illustration
      Lock icon Ousting of Siemens CEO speedy, ruthless
      876 17 Some see him as a victim of a wellorganised putsch, led by the chairman Reuters [FRANKFURT] Tension in the highest ranks of German engineering giant Siemens had been brewing for months when top managers gathered late last month to review the state of the
      Reuters; PHOTO: AFP  -  876 words
    • Article, Illustration
      Lock icon Fonterra apologises for tainted China milk powder
      687 17 After contamination scare, CEO says food safety is top priority Reuters [BEIJING] New Zealand’s Fonterra apologised yesterday for a milk powder contamination scare in China that has raised safety concerns that threaten New Zealand’s US$9 billion annual dairy trade and Fonterra’s own business
      Reuters; PHOTO: AFP  -  687 words
    • Article
      Lock icon LVMH speeds up push into hospitality business
      713 17 Bloomberg [PARIS] French billionaire Bernard Arnault wants you to spend the night and eat his pastries. After decades of acquiring luxury goods that consumers can drink and wear, the chairman of LVMH Moet Hennessy Louis Vuitton SA last week bought a five-star hotel
      Bloomberg  -  713 words
    • Article, Illustration
      Lock icon Cash-rich Starbucks plans to double borrowings for buybacks
      851 17 Bloomberg [NEW YORK] Starbucks Corp, which generates more free cash relative to its debt than any US restaurant chain, may more than double borrowings to reward shareholders without hurting its credit. The world’s largest coffee shop operator plans to add US$750 million
      Bloomberg  -  851 words
    • Article, Illustration
      Lock icon End is near for roaming fees as pressure builds
      1004 18 EU Commissioner closes in on deal to cut fees to local level with incentive IHT [BERLIN] The timetable is tight, and the key decision makers appear to be dug in and uncooperative. Yet a consensus is emerging that mobile phone roaming
      IHT; PHOTO: BLOOMBERG  -  1,004 words
    • Article, Illustration
      Lock icon Reprieve on import ban may help older iPhone sales
      971 18 But it may hinder Samsung in patent settlement talks Bloomberg [WASHINGTON] The US decision to overturn an import ban on Apple Inc’s older iPhones and iPads may help short-term sales and hobble Samsung Electronics Co in any settlement talks in the
      Bloomberg; PHOTO: AP  -  971 words
    • Article
      Lock icon HSBC H1 profit up on fall in costs, bad debts
      513 18 AFP [LONDON] Global banking giant HSBC announced yesterday a 22 per cent rise in half-year net profits on lower costs and falling bad-debt charges, while noting that slower Chinese growth was impacting its main market Asia. Profit after tax jumped
      AFP  -  513 words
    • Article
      Lock icon Global banks in Japan boost profit
      564 18 Bloomberg [TOKYO] Bank of America Corp led a fivefold increase in profit at foreign banks’ Japan securities units last fiscal year as they accelerated job cuts and increased fees and commissions during the country’s stock-mar-ket rebound. Combined net income at the Japanese units of
      Bloomberg  -  564 words
Page thumbnail Page 17
Page thumbnail Page 18
Page thumbnail Page 19
  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Plane makers making it short and sweet
      996 19 Boeing, Airbus eye booming intra-Asian market by offering economical shorter range models Reu ters [PARIS] After focusing for years on jetliners that could fly ever further, the world’s leading planemakers are turning to shorter range aircraft that appeal to airlines reluctant to pay
      Reuters; PHOTO: REUTERS  -  996 words
    • Article
      Lock icon BA parent in black on Iberia revamp
      483 19 Bloomberg [LONDON] British Airways parent IAG SA reported an operating profit in the second quarter following a year-earlier loss as the overhaul of its Spanish Iberia subsidiary takes hold and it saw improvements in the UK. Profit before one-time items reached 245 million
      Bloomberg  -  483 words
    • Article
      Lock icon TRANSPORT STOCKS
      227 19 SGX '000 Aug 5 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.25 unch 60 Cosco Corp 0.72 -0.01 1544 Vol First Ship Lea 0.09 unch 1419 Freight Links Cosco Corp Grand Banks 0.44 Jaya Hold Ltd 0.58 -0.01 130 K1Ventures 0.17 unch 956 Keppel Corp 10.40 0.05
      227 words
    • Article, Illustration
      Lock icon Virgin Australia forecasts net loss of up to A$110m
      376 19 It cuts earnings forecast for second time in 3 months Bloomberg [SYDNEY] Virgin Australia Holdings Ltd, Australia’s second-largest carrier, lost as much as A$110 million (S$124 million) for the year ended June 30 as carbon costs and the transition to a
      Bloomberg; PHOTO: BLOOMBERG  -  376 words
    • Article
      Lock icon Hutchison Whampoa H1 Ebit dips on higher depreciation
      224 19 Bloomberg [HONG KONG] Hutchison Whampoa Ltd, controlled by Hong Kong billionaire Li Ka-shing, said that profit at the world’s sec-ond-largest container port operator declined 5 per cent because of higher depreciation charges. Earnings before interest and taxes was HK$3.45 billion (S$564 million)
      Bloomberg  -  224 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      125 19 SALE OF VESSEL “MT ONSYS CENTURY 1 3* mmm NO SMOKING PARTICULARS OF VESSEL Name of Vessel IMO No./Official No. Type Flag Port of Registry Call Sign Classification Location Oimensions Tonnage Built Cargo Capacity Main Engine “MT ONSYS CENTURY 1 *****77 Oouble Hull/Bottom Product Oil Tanker Malaysia, Port Kelang 9MPM2
      125 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      336 19 CRYPTIC CROSSWORD Across 1 Studies a quiet run on credit (5,6) 9 Opener from county second team? (9) 10 Shrink from cold, getting more depressed with no hat (5) 11 Son rejected by new coolest cat (6) 12 Soldiers needing jig, say, to secure new heavy weaponry (8) 13 Extract
      336 words
Page thumbnail Page 20
  • EDITORIAL & OPINION
    • Article
      Lock icon Changi Airport must stay ahead of the curve
      481 20 EDITORIAL IN about two weeks, the Ministry of Transport and the Civil Aviation Authority of Singapore will be unveiling a master plan for a massive expansion of Changi Airport. Besides a third runway (which will be expanded from the existing military runway
      481 words
    • Article, Illustration
      Lock icon Value your accountants; they might be superheroes
      853 20  -  THE BOTTOM LINE DAVID MASON The writer, a Price Waterhouse Singapore partner for 18 years, is a business communications consultant in the UK who spends several months a year in Singapore. FOR far too long, accountants have suffered being called beancounters. And I
      853 words
    • Article, Illustration
      Lock icon The conglomerate way to economic growth
      1056 20  -  Big business groups can start things on a scale that makes new industries feasible By RICARDO HAUSMANN The writer, a former Venezuelan planning minister and ex-chief economist of the Inter-American Development Bank, is a professor of economics at Harvard University, where he is also
      Project Syndicate; PHOTO: REUTERS  -  1,056 words
    • Article, Illustration
      Lock icon US shrouding TPP talks in secrecy
      1111 21  -  Move represents a massive assault on democratic governance, which is untenable in this age of transparency By LORI WALLACH BEN BEACHY The wriers are director and research director respectively of Public Citizen’s Global Trade Watch. They are regular contributors to ‘The Globalist’. An earlier
      PHOTO: REUTERS  -  1,111 words
    • Article, Illustration
      Lock icon Asia’s wave of urbanisation opens new doors
      842 21  -  By RONALD MAN The writer is an economist with HSBC Asian Economic Research ASIA’S great urbanisation wave is changing the face of the continent’s cities on an unprecedented scale. Take China between 2005 and 2010, the country’s urban population increased by more than
      PHOTO: AFP  -  842 words
Page thumbnail Page 21
Page thumbnail Page 22
  • Article
    Lock icon SHIPPING TIMES
    1286 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) VESSEL VOY SIN NOU SUVA BUS MOTHER VESSEL NOU SUVA BUS APIA PAGO PAPEETE N’LOFA VILA SANTO TARAWA SOUTH PACIFIC SERVICE W W W. N G P
    1,286 words
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      34 22 PLACE YOUR AD HERE THE BUSINESS TIMES Shipping times CALL JOE WONG AT 9620 1327 SI ll-l FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
      34 words
Page thumbnail Page 23
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2354 23 Transaction date: Aug 5 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 --AAT Da Last Q 188 106 AIMSAMPIReit 157xd +1 406 158.5 156.5 157 158 6.8 14.6 824.7 Net M Cap
      2,354 words
    • Article
      Lock icon SGX CATALIST
      256 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 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 1.5
      256 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10960 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 0 9952/ Asian Smaller Cos!** 1 9522/ EM Local Ccy Bond .0.9329/
      10,960 words
    • Article
      Lock icon GLOBALQUOTE
      249 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 52 31 Genting HK US$ US44.5 unch 3327 44.5 43.5 44 44.5 2930.1 Company 270 191 TanChongInt HK270cd +17 522 270 255 266 269 4.3 2.6
      249 words
    • Article
      Lock icon SGX ETF
      913 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 114 -1 10 114 114 114.1 115 520.4 143 120.4 CIMB APAC Div 100S$D 134.5 133.6 134.5 114.4 99 CIMB
      913 words
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      38 23 WELCOME TO MY WORLD BREITLING 1884 NSTRUMENTS FOR PROFESSIONALS 1 •Lr- r m m \T m >1 (IT V. r j v a L*. NATIONAL CHAMPIONSHIP AIR RACES REHO HV TEL. +65 6732 6347 BREITLING.COM CHRONOMAT 44 V'
      38 words
Page thumbnail Page 24
Page thumbnail Page 25
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      606 25 Aug 5 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.21 *****.98 *****.50 Sep13 *****.00 *****.00 *****.00 *****.00 *****7 *****7 Dec13 *****.00 *****.00 *****.00 *****.00 10 ***** MSCI TAIWAN INDEX FUTURES SPOT 286.12 287.53 284.92 Aug13 284.50 286.00 282.70 285.30 ***** *****2 Sep13 284.70
      606 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 2 Index Change Change Change Change Change Change World Preliminary 1100.4 0.3 17.3 0.1 19.0 0.4 14.4 EAFE Preliminary 899.1 0.8 16.1 1.0 14.4 1.2 9.9 Europe Preliminary 1275.9 0.1 11.2
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Aug 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.925 5.455 0.670 6.908 54.138 91.603 0.876 9.921 2.876 1.141 90.869 38.708 1.128 8.747 0.827 26.668 27.913 0.581 0.891 Canada 1.081 5.899
      471 words
    • Article
      Lock icon SIBOR
      53 25 Aug 5 (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$) 1 mth 1 mth 2 mths 0.***** 3 mths 9 mths 6 mths 12 mths 9 mths
      53 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 25 Aug 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.26 6-Month BS*****V 07-Feb-14 0.29 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.04 5-Year N*****0T 0.5 01-Apr-18 98.11
      90 words
    • Article
      Lock icon PRECIOUS METALS
      134 25 Aug 5 GOLD(US$/oz) Aug 05 Aug 02 Hong Kong 1323.00 1299.00 Aug 02 Aug 01 London 1312.92 1324.61 1313.79 1325.45 Source: Thomson Reuters CAST BAR Aug 05 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121 54 5gm 343 268 10gm 612 536
      134 words
    • Article
      Lock icon PALM OIL
      57 25 Aug 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 13 2318.0 2310.0 2325.0 2310.0 36 1029 Sep 13 2274.0 2268.0 2287.0 2258.0 1763 ***** Oct 13 2254.0 2240.0 2262.0 2233.0 ***** ***** Nov 13 2251.0 2234.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 25 Aug 5 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1281 1.1287 0.8906 0.8907 Canadian dollar 1.2199 1.2205 0.9631 0.9630 Euro 1.6834 1.6845 1.3290 1.3293 NZ dollar 0.9888 0.9893 0.7806 0.7807 Sterling pound 1.9401 1.9412
      157 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Aug 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.157 1.102 Can dollar 1.246 1.199 Euro 1.728 1.646 Sterling pound 1.981 1.905 NZ dollar 1.009 0.971 US dollar 1.299 1.238 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 25 Aug 5 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ 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 0.50 0.30 9 months 0.60 0.40 12
      157 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      932 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 4.4 0.1 35 0.0 5 -43 59 Asia-Pacific Strategic W*****6 Prem Acma Ltd W*****7 Expiry Ascendas Reit MB ECW*****3 3.2 0.2 240 7 Asiatravel.com HoldingsW*****7 0.2 1 25
      932 words
    • Article
      Lock icon CHICAGO BOT
      109 25 Aug 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 13 1331.00 1357.75 1370.00 1328.50 Sep 13 1212.75 1234.25 1247.75 1207.75 Nov 13 1181.50 1192.50 1208.00 1176.25 Jan 14 1187.25 1198.00 1213.25 1181.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 13
      109 words
    • Article
      Lock icon LIFFE
      95 25 Aug 2 COCOA (£/tonne) Close Prev High Low Sep 13 1566 1575 1584 1555 Dec 13 1555 1566 1574 1544 Mar 14 1543 1556 1562 1532 May 14 1544 1556 1563 1534 COFFEE(US$/tonne) Close Prev High Low Sep 13 1881 1865 1884 1863 Nov 13 1867 1858 1873 1855
      95 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Aug 02 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.14 -1.08 WTI (Near Mth) 106.78 -1.01 Dubai (1-Mth F) 104.77 0.45 Tapis blend 116.25 0.87 Minas 108.95 0.87 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.00 1.78 Jet Kerosene 124.81 1.76 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Aug 5 S$ Bid Offer 1-month 1.2667 1.2672 2-months 1.2666 1.2673 3-months 1.2667 1.2673 6-months 1.2666 1.2675 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 25 Aug-02 Aug-02 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1764.50 1766.75 3 months 1809.00 1812.00 Copper, Grade A(US$/tonne) Cash 6989.50 6990.25 3 months 7005.00 6999.00 Lead(US$/tonne) Cash 2110.00 2095.50 3 months 2121.00 2106.00 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words
Page thumbnail Page 26
  • PROPERTY
    • Article, Illustration
      Lock icon Cheaper Tokyo property luring Asian bargain hunters
      1406 26 Weaker yen makes real estate more affordable than HK, Singapore, Taiwan Bloomber [TOKYO] Tokyo is increasingly attracting foreign buyers after Prime Minister Shinzo Abe took office in December with a pledge to end the deflation that’s depressed real estate. Asian investors are being
      Bloomber; PHOTO: REUTERS  -  1,406 words
    • Article, Illustration
      Lock icon Weak S Korean market a drag on GDP rebound
      1081 28 Seoul’s stop-go policies fail to tackle worst slowdown since 2004 Bloomberg [SEOUL] South Korea’s worst property-market slowdown since 2004 threatens to limit the economy’s rebound, as the government’s stop-go policies to stimulate the housing market fail to secure any sustained revival.
      Bloomberg; PHOTO: REUTERS  -  1,081 words
    • Article
      Lock icon UK housing prices surge on govt incentives
      916 28 Reuters [LONDON] Tony Richmount is thankful he procrastinated. A year ago, the retired engineer from Wimbledon wanted to sell his house and move to a retirement flat but got cold feet. That proved to be a stroke of luck. His three-bedroom house, valued
      Reuters  -  916 words
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      323 26 STPROPERTY SEMINAR B Opportunities Outlook of the Property Market in Q4 2013 STRATEGIES TO OVERCOME THE CHALLENGING PROPERTY LANDSCAPE as ss Hi ■Jet nur II ry; Under the new Total Debt Servicing Ratio (TDSR) Framework by MAS, the property landscape is getting more challenging For property buyers. What strategies and
      323 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      616 27 ii. fi r-*-».I*-- M •M' >: y i .-I I -i 'siRKE-nasttst'. 1 BOH Desig ned an urnis isned Whether you desire a sophisticated home or a property to attract top-end rentals, our luxury residences have all your finest details covered. Our fully fitted and furnished homes come with various
      616 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      68 28 FOR SALE BY TENDER coveted CHANCERY enclave FREEHOLD D11 Detached House Site Area 2,223.4 sq m (23,932 sq ft) MP 2008, zoned “Residential“ within Bukit Tunggal GCB Area Rare, regular shaped plot not affected by road line Exclusive scenic living Tender Closing 9 September 2013, 3pm For all enquiries, please
      68 words
    • Advertisement
      Lock icon Page 28 Advertisements Column 2
      81 28 SUNSHINE PLAZA Strata Office Units for Sale Located at Middle Road Choice units from 484 sq ft to 6,048 sq ft Ample car parking Independent air-cond system and raised floor 4 MRT stations within 500m radius Ideal for investors and end-users For Further Enquiries, Please Call Sole Marketing Agents: CLEMENCE
      81 words
    • Advertisement
      Lock icon Page 28 Advertisements Column 3
      84 28 FOR SALE: 35 Tuas View Crescent Part 1 part 3-storey Detached Industrial Warehousing premises Land: 172,209.48 sqft B2 zone uses (subject to JTC) Tenure: 30+30 yrs wef. 1st Dec 1999 Electrical: 2000kVA via 2-feeders GFA: 178,000 sqft approx. Near possible land use allocation for FTZ and port uses beyond 2030
      84 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      355 29 THE INNOVATION OF PERFECTION. The BMW 5 Series has always been a model of perfection. But even perfection can evolve. That’s exactly what we’ve done. With a host of impressive new features, we’ve found a way to make Sheer Driving Pleasure even more pleasurable. j > ADAPTIVE LED HEADLIGHTS Sensitive
      355 words
    • Advertisement
      Lock icon Page 29 Advertisements Column 2
      43 29 lililll. THE BUSINESS TIMES s$i.00 online at http://www.businesstimes.com.sg S|Sl a Singapore press holdings publication coregnnoi*****868E mica(p) 074/08/2012 Tuesday, August 6, 2013 ON 'V The new BMW 5 Series H Sheer Driving Pleasure pml-bmw.com.sg > j The new BMW 5 Senes ND OF THE ROAD.
      43 words
Page thumbnail Page 30