The Business Times, 2 September 2013
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2013-09-02
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The Business Times
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Title Section25 2013-09-02 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, eptember 2, 201325 words
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Article, Illustration821 2013-09-02 1 ANDREA SON, CAI HAOXIANG - Prospect of US tapering and Asian currency rout hold sway By and ANDREA SON, CAI HAOXIANG sandrea@sph.com.sg haoxiang@sph.com.sg [SINGAPORE] After the feast of initial public offerings (IPOs) in July, a tentative mood has settled in the market as issuers and investors adopt a821 words
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MARKETS DIGEST
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Article57 2013-09-02 1 Weekly Change ST INDEX 3,028.94 -59.91 KL COMP 1,727.58 +6.51 NIKKEI 225 13,388.86 -271.69 HANG SENG 21,731.37 -132.14 SET INDEX 1,294.30 -43.83 JAKARTA COMP 4,195.09 +25.26 MANILA COMP 6,075.17 -86.04 SEOUL COMP 1,926.36 +56.20 SHENZHEN B 816.95 +10.67 MUMBAI IND 18,619.72 +100.28 DOW 14,810.31 -200.20 NASDAQ 3,589.87 -67.92 S&P57 words
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Article20 2013-09-02 1 SINGAPORE MALAYSIA MALAYSIA 5.38 6.55 5.00 INDONESIA 13.365 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg20 words
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Article49 2013-09-02 1 US$ S$ US$ (S$ per US$) 1.273 (US$/S$ per 1.552 1.967 EURO (US$/S$/E) 1.324 1.686 Foreign currency per US$ S$ YEN 98.10 77.00 RM 3.288 2.582 HK$ 7.755 6.092 BAHT 32.12 25.23 RUPIAH 10,920 8,578 RENMINBI 6.120 4.808 INDIAN RUPEE 66.62 52.33 A$ 1.119 0.879 NZ$ 1.286 1.01049 words
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706 2013-09-02 1 JASMINE NG - Small, young firms’ ‘passion, tenacity and courage to dream big’ lauded By JASMINE NG jasng@sph.com.sg [SINGAPORE] Oriental Tanks, Biomax Technologies and G-Energy Global have taken top honours at the Emerging Enterprise (EE) Awards this year for their sustainable business models and strategies to take706 words
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Page 1 Advertisements
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Advertisement244 2013-09-02 1 DINING OUT A culinary tour of Sardinia INING OUT CHINA PMI August rise clear sign of rebound PAGE 12 VIEWS FROM THE TOP MediShield Life creating a wider safety net PAGES 8-9 CHINA MINZHONG Company shows documents to rebut Glaucus PAGE 3 PAGE 20 BT WEBSITES For breaking news, go244 words
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TOP STORIES
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Article750 2013-09-02 2 ROB CURRAN - Analysts say the prospect of Fed tapering may also hit market recovery WALL STREET INSIGHT By ROB CURRAN THE Dow Jones Industrial Average lost more than 4 per cent in August and could fall even further this week if the US goes to war with750 words
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Article492 2013-09-02 2 CAI HAOXIANG, ANDREA SOH - Singapore still attractive for small- to mid-cap issuers: Deloitte By and CAI HAOXIANG, ANDREA SOH haoxiang@sph.com.sg sandrea@sph.com.sg [SINGAPORE] In 2011, four Singapore companies decided to do their initial public offerings (IPOs) on the Taiwan Stock Exchange in Taipei, lured by higher valuations and492 words
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Article428 2013-09-02 2 After July IPO rush, issuers sit tight AFTER the feast of IPOs in July, a tentative mood has settled in the market as issuers and investors adopt a wait-and-see approach. FRONT PAGE Oriental Tank, Biomax, G-Energy crowned EE winners ORIENTAL Tanks, Biomax Technologies and G-Energy Global took top428 words
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766 2013-09-02 2 NISHA RAMCHANDANI - Service highlighted in campaign to reaffirm brand’s core values By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Facing an increasingly competitive operating environment, Singapore Airlines (SIA) is underscoring its commitment to customer service in its latest brand campaign, even as it works behind-the-scenes766 words
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Article, Illustration77 2013-09-02 3 PHOTO: ARTHUR LEE [SINGAPORE] Gutsy small firms that beat the odds were feted at the Emerging Enterprise (EE) Awards at The Ritz Carlton last Friday. Oriental Tanks was one of the three companies given the top honours. Receiving the award was its international business devtPHOTO: ARTHUR LEE - 77 words
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Article747 2013-09-02 3 KENNETH LIM - It argues that Glaucus committed a number of fundamental errors By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] China Minzhong Food Corp yesterday produced invoices and regulatory filings to rebut allegations of fraud by short-seller Glaucus Research Group. The vegetable producer said that Glaucus relied on inappropriate documents and747 words
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Page 2 Advertisements
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Advertisement19 2013-09-02 2 The best pure-play private bank in Asia EFG 0 Bank Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com19 words
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Advertisement63 2013-09-02 3 What is it about the city of Chongqing that has allowed it to attract investments from big Singapore firms such as CapitaLand, City Developments, Hyflux, DBS and OCBC in the last few years? Read about this municipal city in inland China and what it has to offer investors in The63 words
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Advertisement208 2013-09-02 3 Want to realise your money’s potential? r m SEIZE OPPORTUNITIES W A NOW 1 k. ii»" UOB Personal Internet Banking’s suite of services lets you take control of your savings with greater ease. Buy sell gold Start transacting with the first local bank to let you buy and sell gold208 words
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COMPANY NEWS
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528 2013-09-02 4 KENNETH LIM - Tension in Syria, possible US central bank tightening dampen sentiments By KENNETH LIM kenlim@sph.com.sg THE total market capitalisation of Singapore-listed companies suffered its steepest drop in over a year as tension in Syria and anticipation of US central bank tightening528 words
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Article88 2013-09-02 4 In the black In the red 23 76 As at Friday, 99 SGX-listed companies had released their financial results for the full year ended June 2013. They recorded a combined S$2,595.2m in group profits. The breakdown is as follows No with profits 76 No with losses 23 Ilosses88 words
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277 2013-09-02 4 GROSS REDEMPTION YIELD COUPON NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) COUPON RATE GROSS YEAR RAISED ISIN CODE MATURITY DATE 01.02.2014 N*****0H 2012 1/4 2900.00 1/8 1/2 29 100.01 0.23 SG**********277 words
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956 2013-09-02 4 NET PROFIT TURNOVER COMPANY CURRENT PREVIOUS CURRENT PREVIOUS CHANGE CHANGE S$m S$m 1 Wing Tai 531.1 262.4 102.4 1,332.5 624.9 113.2 2 Olam 362.6 370.9 -2.2 20,801.8 17,093.8 21.7 3 Singapore Exchange 335.9 291.8 15.1 715.1 647.9 10.4 4 Sim Lian 166.9 229.1 -27.2956 words
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Article139 2013-09-02 4 COMPANY MEETING PLACE DATE TIME Sinopipe Holdings E 10 Anson Road 19-14 International Plaza 04-Sep 11.30am Synear Food Hldgs S Eagle Room 1 and 2 Level 3 Laguna National Golf Country Club 11 Laguna Golf Green 04-Sep 10.00am Rowsley Ltd E Hotel Grand Pacific Pacific I Room Level139 words
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Article279 2013-09-02 4 Aug 30 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited ...5.50 Bank of Communications ...6.00 Bank of East Asia ...5.50 Bank of Communications ...5.50 Bank of Tokyo-Mitsubishi ...5.75 Banque Internationale a ...5.50 Bank of Taiwan279 words
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329 2013-09-02 4 CURR RANK AUG 30 2013 PREV RANK JULY 31 2013 COMPANY MKT CAP (S$M) AUG 30 2013 CHNG FROM JULY 31 2013 1 1 SingTel 55,926.4 -10.7 2 2 Prudential PLC 51,886.5 0.1 3 3 Jardine Strategic 46,269.1 -5.8 4 4 Jardine Matheson 45,806.2329 words
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Article, Illustration1717 2013-09-02 5 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd FTER rising for two straight weeks, the buyers slowed down their purchases, according to Aug 26-30 filings on Singapore Exchange. Selling among directors was flat. A total of 30 companies recorded1,717 words
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Page 4 Advertisements
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Advertisement30 2013-09-02 4 7s o L n rU L—- n u FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg J to advertise.30 words
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Page 5 Advertisements
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Advertisement369 2013-09-02 5 Morningstar Rating As at 30-06-13 Earning your confidence by uncovering hidden value in global investments. 0f£0 0 ais.amundi.com/sg Amundi International SICAV An all-weather investment solution for investors. Seeks to provide stable returns, with reduced risk of loss. Proven strategy with 34 years track record of success. 1 CONFIDENCE MUST BE369 words
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SINGAPORE MARKETS
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Article, Illustration687 2013-09-02 6 R SIVANITHY - STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent TWO months into the third quarter and the market’s number one fear is the US’s proposed military strike against the Syrian government. The Fed’s move to “taper” its monetary stimulus is, at least for now, no longer687 words
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530 2013-09-02 6 CURRENCIES Bloomberg [SINGAPORE] Asian currencies fell for a fourth month, led by India’s rupee and Indonesia’s rupiah, as investors pulled money from regional assets on slowing economic growth and an expected reduction in stimulus by the Federal Reserve. The Bloomberg-JPMorgan AsiaBloomberg - 530 words
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Article1454 2013-09-02 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 2.00 2.00 4 9.40 15.37 1.80 1.45 Amtek Engineering Ltd 3.50 3.33 2 0.07 5.32 0.50 0.47 ARA Asset Management Ltd 2.571,454 words
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Article73 2013-09-02 6 Aug 30 VALUE CLOSE BT OB/OS -982.00 +7.00 BT CADI -*****.00 -52.00 BT 10-day MA -*****.00 -98.00 FTSE ST Mid Cap 734.26 +1.13 FTSE ST Small Cap 524.53 +0.14 FTSE ST All Share 743.61 -1.48 FTSE ST China Top 187.14 -0.41 FTSE ST China 220.13 -0.02 FTSE73 words
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Article57 2013-09-02 6 VOLUME Albedo 3,244,782,000 IPCO Intl 1,870,623,000 Innopac 622,112,000 Thai Beverage 612,212,000 MDR 593,080,000 Mirach Energy 580,622,000 Golden Agri 545,855,000 AdvanceSCT 399,670,000 Cedar 343,163,000 WE Hldgs 340,141,000 VALUE($) SingTel 363,336,481 DBS Grp 347,015,740 UOB 323,255,640 Golden Agri 305,457,244 Mirach Energy 296,129,400 Thai Beverage 282,461,063 OCBC Bk 279,059,783 CapitaLand57 words
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578 2013-09-02 6 COMMODITIES AFP [LONDON] Commodities were gripped last week by the threat of military strikes in Syria, with New York oil hitting a two-year high on fears of a wider conflict, analysts said. Gold jumped to multi-month peaks, as many investors parked their cashAFP - 578 words
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Article109 2013-09-02 6 BY CENTS CLOSE UP DBXT iBoxxSing 5SG$ ***** 470.0 3.9 DBXT MSKorea 10US$ 5684 346.2 5.0 GLD 10US$ ***** 232.9 1.4 DBXT MSTaiwan 10US$ 1854 76.4 3.3 Ossia Intl 47.5 28.5 150.0 Cordlife 132.5 24.0 22.1 DBXT Nifty 10US$ 8290 19.1 0.2 DBXT S&P Short 10US$ 2952 19.1 0.5109 words
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Article125 2013-09-02 6 BY CENTS CLOSE DOWN IS S&P500 ***** -617.3 -2.9 Lyxor Indonesia10US$ 7350 -572.8 -5.8 JMH 5312 -319.5 -4.5 DBXT AUDCS 5SG$ ***** -295.0 -1.2 Jardine C&C 3317 -283.0 -7.9 SPDRS S&P 500 10US$ ***** -278.7 -1.3 DBXT MSMSIA 10US$ 1357 -169.3 -8.9 DBXT FTVietnam 10US$ 2138 -165.5 -5.7 JSH125 words
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SINGAPORE NEWS
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Article1446 2013-09-02 7 Payment Ex Rec Pay Ann (cts) date date date date ABR Hldgs aw 1.000 28-Aug 30-Aug 18-Sep 19-Aug Advanced Hldgs aw 0.300 30-Aug 03-Sep 13-Sep 26-Aug AIMS AMP C I REIT ct 1.650 02-Aug 06-Aug 20-Sep 25-Jul Amtek Engg ak 2.000 01-Nov 05-Nov 20-Nov 26-Aug Asian Pay TV1,446 words
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Article236 2013-09-02 7 Nearly $4b of Republic’s exports to that region exempted from tariffs ABOUT $4 billion of Singapore goods sold in the Persian Gulf were freed from tariffs after yesterday as the Gulf Cooperation Council-Singa-pore Free Trade Agreement (GSFTA) took effect. The agreement initially exempts about 95 per236 words
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572 2013-09-02 7 ANNABETH LEOW - Whole of 2012 had 27 cases, complaints in Jan-July this year already hit 37 By ANNABETH LEOW leowhma@sph.com.sg DISPUTES over dodgy investment schemes have been on the increase in recent years. The number of invest-ment-related complaints lodged with the Consumers Association572 words
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Article18 2013-09-02 7 DB Platinum Branchen Stars R1C-A 23/08/2013 189,02 EUR 1 db X-MACRO Trading Index Fund I4D 21/08/2013 86,89 GBP18 words
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Page 7 Advertisements
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Advertisement197 2013-09-02 7 W&W Plastic and Polymer Pte Ltd (The World of Rubber) is proud to celebrate the ISO 9001:2008 Achievement by our subsidiary PT Win Win Rubber Technologies ISO 9001 This achievement marks yet another milestone on our 11-year journey to excellence. An ISO-certified company providing a diverse suite of manufacturing capabilities197 words
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VIEWS FROM THE TOP
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Article, Illustration3562 2013-09-02 8 THIS WEEK’S TOPIC What key elements should MediShield Life and, more broadly, the proposed national healthcare programme include? How can this programme be funded? Yeoh Oon Jin Executive Chairman PwC Singapore THE age-old adage of “prevention is better than cure” comes to mind and canFILE PHOTO - 3,562 words
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Advertisement115 2013-09-02 9 Confidence to build That’s what developers and their investors and lenders can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Businesses and financial institutions around the world partner with us to help them manage every kind of risk. Interest115 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration2021 2013-09-02 10 GEOFF HOWIE - SGX lists healthcare companies that provide drugs, medical supplies and equipment and healthcare services, writes GEOFF HOWIE The writer is SGX’s market strategist THE healthcare sector has long been considered a defensive play for investors. The growth of this sector in emerging markets (EM)SPH FILE PHOTO - 2,021 words
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Page 10 Advertisements
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Advertisement156 2013-09-02 10 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 to156 words
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MALAYSIA/INDONESIA
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Article, Illustration851 2013-09-02 11 JEFFREY HUTTON - Last week’s rate move also aims to support the slumping rupiah By in Jakarta JEFFREY HUTTON in Jakarta ON the heels of Bank Indonesia’s bigger-than-expect-ed rate hike on Thursday that took lending rates to their highest level in four years,PHOTO: REUTERS - 851 words
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Article1431 2013-09-02 11 VOL Aug 30 RM +/-(‘000) VOL Advance Synerg 0.14 unch 1912 Adventa Bhd 0.73 0.02 106 Ae Multi Hldgs 0.22 0.02 1736 Affin Holdings 4.05 0.04 218 Ahmad Zaki Res 0.90 0.01 834 Airasia Bhd Alliance Finan 5.05 0.15 2338 Aluminium Co 0.63 unch 0 Amalgamated In 0.141,431 words
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455 2013-09-02 11 [KUALA LUMPUR] As Malaysia’s Northern Corridor Economic Region (NCER) steps into the second phase of its development, the role of the private sector in seeing to the success of the proposed projects in the area cannot be downplayed. Public funding of455 words
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Advertisement98 2013-09-02 11 f- Tsinghua University ««##*?T t tf 2, £*h-&**PIC BONUS $15,000 o: (i*fWlii|: 20I4''| 4)1- 2III5'|-5)J) rnsMm Settle. mea*, tE5-8¥WH*fBl»Ja«3-5*P; ft#, #14, life, um£%, a MicA, ££A£MX -#ftjfc! j£fc«A, t5fAa-i;t fi»6l4IPA; 7^«tlU±iS K«£fe, ®jtrt£iS2lkAll* 1 Q Q i5 Es E3 m l i-fti.;r ii*'ii;i nmmwt wmmMfmmw m V u _in fr~"Vd98 words
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GREATER CHINA/INDIA
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Article, Illustration686 2013-09-02 12 VIRGINIE MANGIN - Index moves up to 51.0, the second consecutive month of expansion By VIRGINIE MANGIN in Beijing CHINA’S official Purchasing Managers Index (PMI) strengthened in August, led by new orders, supporting evidence that the world’s second largest economy is rebounding after slowingPHOTO: AFP - 686 words
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758 2013-09-02 12 Ex-IMF official Rajan takes over as RBI governor this week AFP [NEW DELHI] India’s new central bank chief Raghuram Rajan takes over the helm this week as the nation grapples with its worst financial crisis in decades, sparked by aAFP - 758 words
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725 2013-09-02 12 AP [NOIDA, India] Indians are obsessed with weddings and obsessed with reality television. Now Shagun TV, a new television channel headquartered in a sprawling suburb of India’s capital, is hoping it has found a can’t-miss idea merging the two into a 24-hour matrimonialAP - 725 words
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280 2013-09-02 12 AFP [BEIJING] A high-ranking Chinese official who oversees state-owned firms is being probed for “serious disciplinary violations”, official media reported yesterday, as the country’s new leaders intensify a clampdown on corruption. The investigation of Jiang Jiemin follows several graft cases against top officials and theAFP - 280 words
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Advertisement30 2013-09-02 12 I SMAPORES 1 HOT “>rre!T WTS LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBOOK.COM/HOTFMSG 3* HOTFMSG30 words
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Advertisement31 2013-09-02 12 sgCa.rMa.rt (§)UOTZ Selling Made Simpler SELL YOUR CAR BY BIDDING HIGHEST PRICE GUARANTEED Online bidding by over 300 used car dealers! Call us now fora FREE Car Valuation 6744 7571 www.quotz.com.sg31 words
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ECONOMY WATCH
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Article, Illustration765 2013-09-02 13 But many want the govt to offset expected dip in consumer spending Reuters [TOKYO] Japan’s government won backing for a controversial decision to raise the national sales tax in 2014 after influential members of a special advisory panel said the step would notReuters; PHOTO: REUTERS - 765 words
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653 2013-09-02 13 Reu ters [NEW DELHI] Student Mikael Haris is wrestling with the sort of question confronting others across India, including companies, investors and banks, following the 18 per cent slump in the rupee this year. With plans to study for a mastersReuters - 653 words
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Article, Illustration708 2013-09-02 13 Govt is seeking to appease discontent at tax hikes AFP [PARIS] France’s Socialist government is hinting it may appease discontent at tax rises by putting more stress on spending cuts in its fight to control the budget and boost growth. The latestAFP; PHOTO: AP - 708 words
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Advertisement96 2013-09-02 13 ALMATY Beijing Seoul Hong Kong Bangkok\ V M Ho Chi Minh Kuala Lumpur Beijing Almaty 5 times a week Kuala Lumpur Almaty 3 times a week Bangkok Almaty 7 times a week Seoul Almaty 2 times a week Ho Chi Minh Almaty 2 times a week Hong Kong Almaty jJs96 words
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Advertisement70 2013-09-02 13 100% HONG The ideal corporate gift for this season 7 hnmtft six«at*s rQ*j«KSn°nKS ISO 9001:2008 p D pItlH» tHiSt ISO *****:2005 According to Nielsen Hong Kong Mooncake Research Report 1998-2012 i n t# 11 #ttfci, at*tti For corporate enquiries, please call 6862 2166 it 'ta or visit www.frosts.com.sg/meixin Takashimaya Change70 words
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WORLD
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Article, Illustration593 2013-09-02 14 [LONDON] Veteran British journalist and broadcaster David Frost, who won fame around the world for his TV interviews with former US President Richard Nixon, has died, his family told the BBC. He was 74. Mr Frost died of a suspected heart attackPHOTO: AP - 593 words
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679 2013-09-02 14 Economic factors support industry’s growth, with sukuk issues likely Reuters [CAIRO] With the fall of the Muslim Brotherhood, Islamic finance has lost strong political support in the most populous Arab nation. But economic pressures mean the industry remains likely toReuters - 679 words
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223 2013-09-02 14 Reuters [CAIRO] Egypt is preparing a timetable for repaying arrears on debts it owes to foreign oil companies to encourage them to continue investing in the country, the Petroleum Ministry said yesterday. Egypt owes at least US$5 billion to oil companies producingReuters - 223 words
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405 2013-09-02 14 Bahrain, Jordan and Lebanon affected in global restructure Reuters [DUBAI] HSBC Holdings will stop offering wealth management products in Bahrain, Jordan and Lebanon as the British lender continues to exit small or insufficiently profitable operations globally as part of a strategic review, theReuters - 405 words
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Article, Illustration343 2013-09-02 14 Reuters [JOHANNESBURG] An-ti-apartheid leader and former South African President Nelson Mandela returned to his home yesterday where he will continue to receive intensive care after three months in hospital with a lung ailment. Mr Mandela, 95, had spent 87 days in a PretoriaReuters; PHOTO: REUTERS - 343 words
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710 2013-09-02 15 ANTHONY ROWLEY - Property boom, big investments seen if Tokyo is awarded Games this week By ANTHONY ROWLEY in Tokyo JAPANESE Foreign Minister Fumio Kishida begins an official visit to Latin America today, starting in Brazil, but the high point of his trip will come on710 words
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Article, Illustration580 2013-09-02 15 Reading of 1,800 millisieverts per hour an 18-fold spike from Aug 22 Reuters [TOKYO] Radiation near a tank holding highly contaminated water at Japan’s crippled Fukushima nuclear plant has spiked 18-fold, the plant’s operator said yesterday, highlighting the struggle to bring the crisis under controlReuters; PHOTO: BLOOMBERG - 580 words
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261 2013-09-02 15 Reuters [SEOUL] South Korean export growth in August picked up more than expected to the fastest in seven months, according to data released yesterday, suggesting gathering momentum for the trade-dependent economy amid signs of stabilisation in advanced countries. Overseas shipments lastReuters - 261 words
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Article, Illustration886 2013-09-02 16 US president puts on hold military action against Damascus regime AFP [DAMASCUS] Syria’s opposition expressed disappointment yesterday that US President Barack Obama had put on hold military action against the Damascus regime, but said it was confident US lawmakers would green-light a strike. To generalAFP; PHOTO: AP - 886 words
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572 2013-09-02 16 BRICS are enduring slowing growth, embattled currencies AFP [MOSCOW] Long hailed as the hungry new tigers of the global economy, the world’s biggest emerging markets will be the chief economic focus at the G-20 summit in Russia this weekAFP - 572 words
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Article, Illustration333 2013-09-02 16 AFP [ATHENS] Greece’s state-run privatisation fund will remain in the country’s hands, Prime Minister Antonis Samaras said yesterday, following media reports of a possible transfer of the agency’s responsibilities to Europe. “(Privatisation fund) Taiped (or Hradf) will remain in Greek hands,”AFP; PHOTO: AP - 333 words
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279 2013-09-02 16 Reuters [STOCKHOLM] The European Central Bank (ECB) is closely watching money market rates and will make sure they don’t rise too far, ECB policymaker Benoit Coeure said in an interview in a Swedish newspaper published on Saturday. Money market rates have increased on theReuters - 279 words
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Article, Illustration808 2013-09-02 17 It will need to keep its easing bias while adopting a more constructive tone AFP [FRANKFURT] The European Central Bank faces a delicate balancing act at its policy meeting this week as the nascent recovery in the cri-sis-stricken euro area remains extremelyAFP; PHOTO: REUTERS - 808 words
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975 2013-09-02 17 UK firm will look attractive after it sells Verizon stake Bloomberg [LONDON] As Vodafone Group nears an exit from its 14-year-old US wireless venture with Verizon Communications, Europe’s biggest mobile phone company may have to make a tough choice: buy or be bought. AT&TBloomberg - 975 words
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305 2013-09-02 17 Reu ters [LONDON] Britain is not experiencing a runaway increase in house prices, despite concerns that government schemes are helping buyers fuel another property bubble, Britain’s finance minister said yesterday. Data from the Royal Institution of Chartered Surveyors released in August showedReuters - 305 words
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661 2013-09-02 18 Many decide to forgo trial because of sluggish progress Reuters [NEW YORK] Occupy Wall Street protesters who once vowed to “occupy” the courts by challenging their arrests on minor violations have since been defeated by the slow pace of justice, with many forgoingReuters - 661 words
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647 2013-09-02 18 231 operations were conducted against a variety of targets in 2011, says report NYT [WASHINGTON] Newly disclosed budget documents for America’s intelligence agencies show how aggressively the US is conducting offensive cyber operations against other states, even while the ObamaNYT - 647 words
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Article, Illustration488 2013-09-02 18 Reuters [CANBERRA] Australia’s Prime Minister Kevin Rudd, struggling to avert a landslide election defeat in six days, pledged tax breaks and education programmes yesterday to counter a slowing economy in a last-ditch plea to voters. Mr Rudd, promising a “New Way” in his mainReuters; PHOTO: AP - 488 words
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Article, Illustration641 2013-09-02 18 AFP [GENEVA] As Roberto Azevedo takes the helm of the World Trade Organization, observers say he must move swiftly to revive deadlocked trade talks and restore confidence in the body. “The new director general faces a big job. HeAFP - 641 words
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Advertisement60 2013-09-02 14 SEPTEMBER ISSUE OUT NOW! Kitchen tAtst- hist PJf-t^r EST GADGETS design trends .^5 m am IN THIS ISSUE THE LATEST GADGETS AND HOTTEST TRENDS FOR THE KITCHEN DISCOVER THE FURNITURE OF HERMES, MARNI AND LOUIS VUITTON BANISH LAUNDRY BLUES WITH SMART WASHERS SUBSCRIBE TO THE PRINT EDITION AND RECEIVE A60 words
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Advertisement203 2013-09-02 15 Price information such as Time Sales, Market Depth and Quote Movements are often used by traders to determine the optimum point and entry and exit, so as to maximum their trading profits. These numbers in the price tools actually tells more than what you see. You can determine the optimum203 words
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Advertisement29 2013-09-02 15 WWW my sg 4-4 4 4 d a *.L« >v r Sbayrm 'Jfss $tea W,mm video.omy.sg omy News Download omy Apps Hi^H Hi iOS App Store Hi Google Play29 words
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Advertisement1031 2013-09-02 16 WATO NOTICES FAIRBANKS HOLDINGS (PTE) LTD COMPANY REGISTRATION NO. *****0738G (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY WAS HELD AT 333, NORTH BRIDGE ROAD, #08-00 KH KEA BUILDING, SINGAPORE *****1 ON THE 30 AUGUST 2013 AT1,031 words
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Advertisement1266 2013-09-02 17 INTERNATIONAL TENDER SALE MARINTEKNIK SHIP BUILDERS (S) PTE LTD (IN LIQUIDATION) Land Building, Catamaran Ferry Boats, Plant Machinery, Crawler Crane, Vehicles, Stocks and Stores 1) Shipyard, three lofty 1-storey workshops with OTCs, 1-storey offi ce, pier and land improvements Land Area Approx. 253,955 sq.ft. Floor Area Approx. 59,500 sq.ft. (subject1,266 words
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Advertisement57 2013-09-02 18 CHAHGI m0 TOBS( ;POBTSHOB FIASCO we k«^* n I M nflUHD"* r' J HOT NEW 3S5«*S& .nfiSaf* .a*®*®* with ast torque SEPTEMBER 14, 2013 SATURDAY Brought to you by Duo Rewards and organised by KF1, participants will pit their driving skills against one another at a specially designed track at57 words
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Advertisement303 2013-09-02 18 u V II PI LIVE IN S 3 WEEKS OF ONLINE TRAINING ACCESS TO DAILY BKFOREX WEBINARS LIVE EVENT (FULL-DAY) SEMINAR IN SINGAPORE THE ABCS OF FOREX TRADING TO TRADING STRATEGIES Trading Currencies Can Be Easy... With The Right Mentor At Your Side. Take advantage of this rare opportunity to303 words
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SHIPPING/AVIATION
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420 2013-09-02 19 AP [ADDIS ABABA] Ethiopian Airlines has made a record profit, the company’s CEO Tewolde Gebremariam said late last week. He partly credited the profitability of the airline to Boeing’s problematic 787 planes. He said the company’s operating profit between July 2012 and JuneAP - 420 words
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Article, Illustration927 2013-09-02 19 Nov trial date a victory for American Airlines, US Airways Bloomberg [WASHINGTON] American Airlines and US Airways Group may know by the end of the year whether their merger can proceed after they won a fast-track trial schedule for theBloomberg; PHOTO: AFP - 927 words
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442 2013-09-02 19 Firm is hoping to carve a niche for itself with the jet Reuters [TORONTO] Bombardier Inc’s all-new CSeries aircraft is poised to take to the skies before Sept 17, when the company is hosting an event to celebrate the maiden voyage, aReuters - 442 words
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475 2013-09-02 19 Egyptian army orders heightened security measures at strategic sea route AFP [CAIRO] A containership in the Suez Canal was the target of a failed “terrorist” attack aimed at disrupting traffic through the key waterway, the head of the Suez Canal Authority saidAFP - 475 words
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Advertisement15 2013-09-02 19 OCBC to exit retail bankingbusiness in ChongQing To subscribe, call 6388-3838 or go to sphsubscription.com.sg15 words
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Page 19 Miscellaneous
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Miscellaneous294 2013-09-02 19 CRYPTIC CROSSWORD Across 3 Swinging gate to advance, step on it (3,1,4,2) 8 Two articles carried by French priest (6) 9 Firm forged our steel (8) 10 I’ve a trunk that’s to be brought out of the plane (8) 11 Reach Ottawa’s centre in a vessel (6) 12 Prizes left,294 words
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DINING OUT
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Article, Illustration763 2013-09-02 20 JAIME EE - Sopra’s commendable efforts are overshadowed by a too-hefty menu and so-so ingredients, writes JAIME EE JAIME EE NEW RESTAURANT Sopra Cucina Bar 10 Claymore Road #01-02 Tel: 6737-3253 Open Mon to Wed from 11am to 12am; Thurs to Sat from 11am to 2am. Closed on763 words
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Advertisement91 2013-09-02 20 The Search For Your IDEAL EMPLOYEE Ends Here With access to STJobs’ growing database of close to 650,000 candidates, automated email alerts to suitable candidates and 30 days of online exposure for your company, it’s much easier to seek out your ideal employee. Visit STJobs.sg/employer today to reach out to91 words
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SINGAPORE STOCKS
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Article3352 2013-09-02 21 Week ended: Aug 30 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Week Last Quote Div GrYld 15 11.9 8Telecom M Cap High Low Company 75 57 ASL Marine 66cd +13,352 words
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Article288 2013-09-02 22 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 $mil Last 2.4 1.3 t Advanced System 1.3 -0.1 4664 1.5 1.3 1.3 1.4 20.7 Vol Week 5.5 3.9 4.4 4.5 27.9 Net M Cap288 words
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Article120 2013-09-02 22 Stock name Close Change CapMallsAsia 1.795 -0.030 CapitaLand 3.050 +0.040 CapitaMall 1.860 +0.005 CityDev 9.970 +0.140 ComfortDelGro 1.845 +0.065 DBS Grp 15.800 -0.170 GLP 2.700 +0.030 Genting SP 1.315 +0.005 Golden Agri 0.560 HK Land 6.460 +0.040 Stock name Close Change HPH Trust US$ 0.740 +0.010120 words
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Article2018 2013-09-02 22 Transaction date: Aug 30 HONG KONG Vol HK$ +/-'000 Aeon Credit 7.38 unch 0 Aeon Stores '000 Angang Steel 4.88 0.04 ***** Anhui Conch Anhuiexpresswa 4.05 unch 1201 Asia Satellite 29.00 0.95 20 Asm Pacific -0.50 Bank Of E Asia 30.00 0.15 3780 Beida Jade Bir 0.58 -0.072,018 words
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Article264 2013-09-02 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 58 27 AVJennings A58 +8 100 58 50 56 60 3.6 6 4.7 214.7 52 31 Genting HK US$ US40.5 -1.5 ***** 42 39 40 40.5 2666.7264 words
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Article186 2013-09-02 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 11 1 0 0 0 3 11 1 Manufacturing 40 116 27 11 16 9 51 132 36 Commerce 18 49 12 7 8 4 25 57 16 Tpt/Stor/Comms 12 25 6186 words
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Article1049 2013-09-02 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 114 -0.5 41 115 114 113 114 520.4 143 120.4 CIMB APAC Div 100S$D 129.1 128.9 129.8 114.4 99 CIMB1,049 words
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Article123 2013-09-02 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 131,485 131,485 428,743 428,743 Manufacturing 2,138,462 643,259 2,781,721 1,203,445 19,712 1,223,157 Commerce 764,624 3,733,174 4,497,798 515,369 192,772 708,141 Tpt/Stor/Comms 631,297 101,333 732,630 740,612 41,266 781,878 Finance 752,797 13,845 766,642 1,157,021 5,576 1,162,597 Construction 2,155,841 332,061123 words
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Advertisement26 2013-09-02 22 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 TIMES26 words
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FINANCE & COMMODITIES
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Article585 2013-09-02 23 Aug 30 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.24 *****.98 *****.91 Sep13 *****.00 *****.00 *****.00 *****.00 ***** *****6 Dec13 *****.00 *****.00 *****.00 *****.00 943 ***** MSCI TAIWAN INDEX FUTURES SPOT 280.63 283.80 280.17 Sep13 279.50 282.80 278.30 282.20 ***** *****7 Oct13 278.40585 words
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373 2013-09-02 23 In local curr In S$ In US$ dy yr dy yr dy yr Aug 30 Index Change Change Change Change Change Change World Preliminary 1059.2 -0.5 12.9 -0.4 15.0 -0.5 10.1 EAFE Preliminary 864.6 -0.8 11.6 -0.7 10.6 -0.8 5.8 Europe Preliminary 1238.9 -1.0 8.0373 words
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Article471 2013-09-02 23 Aug 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.940 5.471 0.675 6.932 59.548 97.608 0.876 9.921 2.939 1.149 93.389 39.866 1.138 9.227 0.831 26.780 28.710 0.576 0.894 Canada 1.063 5.817471 words
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Article53 2013-09-02 23 Aug 30 (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$) 1 mth 1 mth 2 mths 2 mths 0.***** 3 mths 9 mths 12 mths 9 mths53 words
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Article87 2013-09-02 23 Aug 30 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.24 6-Month BS*****A 21-Feb-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100 5-Year N*****0T 0.5 01-Apr-18 97.4387 words
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Article136 2013-09-02 23 Aug 30 GOLD(US$/oz) Aug 29 Aug 30 Hong Kong 1414.00 1397.00 Aug 30 Aug 29 London 1397.18 1406.70 1398.08 1407.58 Source: Thomson Reuters CAST BAR Aug 30 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130 58 5gm 369 288 10gm 659 577136 words
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Article57 2013-09-02 23 Aug 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2441.0 2407.0 2445.0 2400.0 178 1890 Oct 13 2420.0 2404.0 2432.0 2398.0 3705 ***** Nov 13 2414.0 2404.0 2433.0 2396.0 ***** ***** Dec 13 2415.0 2404.057 words
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Article155 2013-09-02 23 Aug 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1374 1.1384 0.8936 0.8941 Canadian dollar 1.2094 1.2104 0.9507 0.9502 Euro 1.6854 1.6864 1.3242 1.3245 NZ dollar 0.9897 0.9904 0.7776 0.7779 Sterling pound 1.9750 1.9760 1.5517 1.5520155 words
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Article109 2013-09-02 23 Aug 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 13 1424.00 1430.00 1434.50 1414.25 Nov 13 1357.50 1368.50 1370.50 1346.00 Jan 14 1354.75 1364.75 1366.50 1343.50 Mar 14 1334.25 1338.75 1339.75 1319.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 13109 words
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Article95 2013-09-02 23 Aug 30 COCOA (£/tonne) Close Prev High Low Sep 13 1639 1648 1646 1612 Dec 13 1634 1647 1647 1611 Mar 14 1620 1632 1631 1599 May 14 1622 1635 1634 1601 COFFEE(US$/tonne) Close Prev High Low Sep 13 1749 1730 1750 1717 Nov 13 1779 1764 1787 175295 words
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1224 2013-09-02 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 -0.1 100 0.0 5 -42 59 Asia-Pacific Strategic W*****6 0.1 1 123 1331 86.00 9 Ratio Exer AlliedTech W*****2 Prem Ascendas REIT.ES.1309 Ascendas Reit MB ECW*****3 3.21,224 words
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Article70 2013-09-02 23 CRUDE OIL PRODUCTS Aug 29 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 116.07 0.64 WTI (Near Mth) 108.21 -1.52 Dubai (1-Mth F) 110.70 0.14 Tapis blend 123.41 0.18 Minas 115.01 0.18 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.75 0.36 Jet Kerosene 128.43 -0.30 US$/barrel OpecOil Basket70 words
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Article23 2013-09-02 23 Aug 30 S$ S$ Bid Offer 1-month 1.2727 1.2732 2-months 1.2727 1.2731 3-months 1.2726 1.2731 6-months 1.2723 1.2727 Source: OCBC23 words
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Article66 2013-09-02 23 Aug-30 Aug-30 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1766.00 1787.25 3 months 1813.50 1835.00 Copper, Grade A(US$/tonne) Cash 7077.50 7129.75 3 months 7100.00 7153.00 Lead(US$/tonne) Cash 2145.50 2186.75 3 months 2152.00 2194.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months66 words
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Article121 2013-09-02 23 As at 9am Aug 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.164 1.109 Can dollar 1.232 1.185 Euro 1.726 1.644 Sterling pound 2.013 1.936 NZ dollar 1.012 0.974 US dollar 1.300 1.239 Local dollars to 100 units of foreign121 words
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Article154 2013-09-02 23 Aug 30 $S Offer Bid 0vernight 0.02 +0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: NIL US$ 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 12154 words
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Article2354 2013-09-02 24 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 THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE2,354 words
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Advertisement70 2013-09-02 24 Legal services required by shippers owners Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? Shippers looking for Warehouse Can they find70 words
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Advertisement18 2013-09-02 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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Advertisement1905 2013-09-02 25 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping Times 12 The Business Times, Thursday, July 18, 2013 G Calling1,905 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration957 2013-09-02 26 AMIT ROY CHOUDHURY - It wants to reimagine enterprise IT and simplify it, writes AMIT ROY CHOUDHURY amit@sph.com.sg [SAN FRANCISCO] VMWARE, the leader in server virtualisation, hopes to do to enterprise IT what Apple did to the smartphone and entertainment industries: reimagine and simplify it. It’s the central957 words
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Article, Illustration1280 2013-09-02 26 ADELINE TAN - Revolution Analytics sets up two centres with IDA help By ADELINE TAN REVOLUTION Analytics has set up two centres in collaboration with the Infocomm Development Authority of Singapore (IDA) to spur innovation and train manpower in big data analytics in the country. Revolution AnalyticsPHOTO: STOCK.XCHNG - 1,280 words
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879 2013-09-02 26 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY amit@sph.com.sg [SAN FRANCISCO] The consumerisation of IT is driving new ways of working and unprecedented levels of collaboration, mobility and business agility. However, it is the consumer technology experience in the personal lives of the increasingly mobile worker that is changing879 words
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Article, Illustration671 2013-09-02 27 VICTORIA HO - HP to use SAP Hana—based cloud service, reports VICTORIA HO HEWLETT-Packard (HP) and SAP, two of the biggest IT vendors, are betting that more of the world’s companies will want high-performance analytics if they can consume it over the cloud, and are testing671 words
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Article, Illustration674 2013-09-02 27 ADELINE TAN - By ADELINE TAN CORPORATE social responsibility (CSR) programmes typically tap crowdsourcing for ideas and opinions, but StarHub has put it to a different use. The local telecommunications service provider has introduced a mobile application that sources assistance from communities all674 words
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Advertisement54 2013-09-02 27 GREAT MUSIC. GREAT FUN. TRUE CLASS. N WI SINGAPORE’S FASTEST GROWING MORNING SHCW VJ rv/ FM klSS92 All the great songs m one place f f w r r r j r f in IN THE MORNING WEEKDAYS 6-10AM facebook.com/kiss92fm www.kiss92.sg Download the KISS92 mobile app now! KISS92 is part54 words
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Advertisement268 2013-09-02 28 Best of Both Worlds FHE BUSINESS TIMES SUBSCRIBE TODAY QBT ONLINE HBT HOME DELIVERY the Business Times Raffles Conversation M National Day Message BT INVEST X. dhriplinr THE BUSINESS TIMES THE BUSINESS TIMES 2fSara.SSL 590m kitty to in California for US$367.5m SMEs to scoop up bulk of budget giveaways iei268 words
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