The Business Times, 13 June 2014

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Microfilm: NL33151
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, June 13, 2014
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  • Article
    Lock icon Changi unveils fund to cut airlines’ costs
    822 1  -  $100m fund to also boost productivity, transit traffic By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Changi Airport is launching a $100 million fund to help airlines cope with costs, as well as to boost productivity and transit traffic at the airport as the industry
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  • Article, Illustration
    Lock icon Iskandar ‘complements, not competes with’ Singapore industries
    711 1  -  Ground-breaking ceremony held for Nusajaya Tech Park By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] The trade ministers of Singapore and Malaysia yesterday emphasised that the Iskandar development region in Johor will complement, rather than compete with, Singapore’s own manufacturing sector. They stressed this at
    PHOTO: ARTHUR LEE  -  711 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,293.01 (+2.97) GST INDEX FUTURES 3,293.00 (+3.00) GSIMSCI 374.55 (+0.28) GSIMSCI FUTURES 374.40 (+0.30) US$ S$ US$ (S$ per US$) 1.249 (US$/S$ per 1.683 2.103 EURO (US$/S$/€ 1.353 1.690 Foreign currency per US$ S$ YEN 102.10 81.70 RM 3.212 2.570 HK$ 7.752 6.204 BAHT 32.47 25.99 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,873.87 -4.51 NIKKEI 225 14,973.53 -95.95 HANG SENG 23,175.02 -82.27 SET INDEX 1,457.02 -6.69 JAKARTA COMP 4,934.41 -37.54 MANILA COMP Closed SEOUL COMP 2,011.65 -3.02 SHENZHEN B 819.50 -1.25 MUMBAI IND 25,576.21 +102.32 12 noon EDT Change DOW 16,785.31 -58.57 NASDAQ 4,318.09 -13.84
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.35 HONG KONG 6.55 HONG KONG TAIWAN INDONESIA 15.277 TAIWAN BRITAIN JAPAN 1.475 KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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      107 1 DEFYING CONVENTIONAL WISDOM Asian conglomerates do better than those in the West: Bain study page 2 WORLD CUP Top 10 most expensive World Cup squads; Tips on surviving the ungodly hours PAGES 3, 32 PROPERTY BT Classifieds PAGES 20 21 AVIATION AirAsia debuts in India amid price war PAGE 17
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      8 1 8 "8 87 1 8 I 11 *****4
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  • TOP STORIES
    • Article, Illustration
      Lock icon Asian conglomerates do better than those in the West: study
      790 2  -  Robust international strategies become critical as their economies mature By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] Conglomerates in Asia are more successful than most of their Western counterparts, defying conventional wisdom that such entities are anachronistic in the current business landscape
      Source: Bloomberg; Capital IQ; Bain & Co  -  790 words
    • Article
      Lock icon Malaysian housing developers ignoring freebie guidelines
      534 2  -  By PAULINE NG in Kuala Lumpur SOME seven months after more cooling measures were introduced, home prices continue to inch up as developers prefer to offer rebates than price their products lower. Many appear to be not abiding by guidelines on “freebies”. Some banks
      534 words
    • Article
      Lock icon Healthcare policies boost Prudential’s premiums
      519 2  -  New business premiums rise 18% to $706 million BY GENEVIEVE CUA gen@sph.com.59 [SINGAPORE] Conversations about healthcare spell good business for Prudential Singapore, as its results for 2013 attest. Strong sales in healthcare policies such as PruShield helped the insurer generate $706 million in new business
      519 words
    • Article, Illustration
      Lock icon Blatter ready to seek fifth term as Fifa president
      732 2 Strong chance of victory at Fifa congress next May AFP [SAO PAULO] Sepp Blatter is ready to seek a new term as Fifa’s president, he announced on Wednesday, ignoring calls from top European officials to stand down as controversy engulfs football’s
      AFP; PHOTO: AFP  -  732 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      505 2 Changi unveils fund to cut airlines’ costs CHANGI Airport is launching a $100 million fund to help airlines cope with costs, as well as to boost productivity and transit traffic at the airport as the industry finds itself battling headwinds. FRONT PAGE Iskandar ‘complements’ Singapore industries THE trade
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    • Article, Illustration
      Lock icon The BT-Coca-Cola World Cup Charity Drive JUNE 13
      306 3 Cameroon vs Mexico Elise Hong Executive Director, JCS-Echigo Mexico and Cameroon, both teams are playing for pride as they are not the so favourite team in the group. Most probably this match will be a draw. Tomas Urbanec CEO, Prudential Assurance Company
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    • Article
      Lock icon Those squads now in Brazil? They’re worth a total S$6.6 billion
      724 3  -  736 players from 32 countries among the most costly talents the sport has seen WORLD CUP 2014 By LEE U-WEN leeuwen@sph.com.sg@LeeUwenBT [SINGAPORE] Got just under S$6.6 billion to spare? That’s the astounding amount one would need to fork out
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    • Article, Illustration
      Lock icon Brazil hopes for smooth opener as tournament finally kicks off
      825 3 Clashes reported hours before opening game Reuters [SAO PAULO] After years of construction delays and budget overruns, the World Cup was set to kick off in Brazil this morning under a cloud of discontent at home even as happy foreign
      Reuters; PHOTO: AFP  -  825 words
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      102 3 Brazil 2014 here! B ther Daily Brazil 2014 page from Monday Daily Brazil 2014 page from Monday to Saturday match previews, off-pitch stories and what CEOs are saying about their “adopted” teams in The BT-Coca-Cola World Cup Charity Drive PLUS Sony X8500B 55” Your chance to be the first to
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon STATS ChipPAC shares dive as takeover talks end
      614 4  -  But discussions with other interested parties still going on, says company B)’ CAI HAOXIANG haoxiang@sph.com.sg @Hao><iangCaiBT SHARES of STATS ChipPAC took a hard knock yesterday on news that talks with a third party interested in taking over the loss-making semiconductor group have
      Source: Bloomberg  -  614 words
    • Article, Illustration
      Lock icon Regulatory needs impact returns of banks’ China units: Barclays
      798 4  -  B_Y SIOW LI SEN |isen@sph.com.sg THE China subsidiaries of Hong Kong and Singapore banks are facing low returns due to strict regulatory restrictions and ongoing investment spending, said a Barclays equity research report. Returns are generally unattractive for foreign banks in
      Source: Company data, Barclays Research  -  798 words
    • Article
      Lock icon Muted response to deals by SingTel’s Amobee
      588 5  -  Analysts take wait and see attitude; SingTel’s credit ratings not affected By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT SINGAPORE Telecommunications’ US$359 million acquisition of digital advertising companies Adconion and Kontera through its digital advertising arm Amobee met with fairly muted market reaction after the purchase
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    • Article
      Lock icon Acquisition expenses dampen Del Monte’s earnings
      294 5  -  By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT DEL Monte Pacific, known for its canned pineapples and ketchup, showed the effects of its purchase of namesake US food company Del Monte Foods in its latest consolidated financial results. Net loss for the transitional four months ended April
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    • Article, Illustration
      Lock icon Ascott inks franchise pacts in Vientiane, Bali
      486 5  -  BY LYNETTE KH00 |ynkhoo@sph.com.sg @LynetteKhooBT THE Ascott Limited, the serviced residence arm of CapitaLand, has inked its first franchise agreements in Vientiane, the capital city of Laos, and Bali in Indonesia. An operating serviced residence in Vientiane will be rebranded as the 116-unit
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    • Article
      Lock icon Youyue acquires China green tech firm
      643 7  -  This will be done by acquiring WYW Capital which owns Harbin Promlite B)’. SHEENA TAN tsheena@sph.com.sg IN a bid to branch out into sustainable development business, China-based packaging product manufacturer Youyue International has entered into a deal to acquire Chinese firm Harbin Promlite Energy
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    • Article
      Lock icon Low Keng Huat Q1 net dips 4%; revenue up 36%
      402 7  -  By LESTER WONG lesterw@sph.com.sg CONSTRUCTION group Low Keng Huat (Singapore) Limited has posted a net profit of $14.6 million for the three months ended April 30 this year (Q1 FY2015), as year-on-year Q1 revenue increased by 36 per cent to
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    • COMPANY BRIEFS
      • Article
        Lock icon LifeBrandz Q3 net loss widens
        74 7 NIGHTCLUB operator LifeBrandz posted a wider net loss of $872,000, or 0.04 cent per share, for the third quarter ended April 30, from a loss of $328,000 a year ago. Weaker crowds and higher competition shrank revenue by 10 per cent to $5 million. LifeBrandz,
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      • Article
        Lock icon TTJ’s Q3 profit more than doubles
        77 7 STEEL-STRUCTURE specialist TTJ Holdings said its fiscal third-quarter net profit more than doubled to $6.2 million, or 1.77 cents per share, from $2.8 million a year ago on the back of major projects that include the Tanjong Pagar Centre, Lanxess Compass Project, the National
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      • Article
        Lock icon Mirach Energy signs non-binding term sheet
        69 7 MIRACH Energy said it has signed a non-binding term sheet on potential drilling and exploration work in its existing Indonesian concessions, but stressed that the terms are still under negotiations. The exploration and production company was responding to a Singapore Exchange query into the
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      110 4 y c Clearly, This is a Business Event You Shouldn't Miss The prestigious 9th Singapore Corporate Awards presentation and gala dinner, to be held on Tuesday, 15 July 2014 at the West Central Ballrooms, Resorts World Convention Centre, is open for booking now. Please call Christine Ang at 6319 5119
      110 words
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      268 5 WORKSHOPS AUCTION V different A A WORLD CUP YOU WILL SURVIVE BEERFEST ASIA Here’s how to prepare yourself mentally, physically and whole-heartedly. Come with an empty stomach And constantly remind yourself to fill it. Drink Like it’s your last day on earth. Maximise your time there Arrive early and leave
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI holds up amid losses in region
      693 6  -  Local index rises 0.1% while Hang Seng Index falls 0.4%, after Wall St halts record-breaking run STOCKS ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent THE local bourse’s key index gained some ground yesterday, albeit in baby steps, with a tude. Unfazed by overnight falls
      Source: Bloomberg  -  693 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jun 12 VALUE CLOSE BT OB/OS -116.00 -56.00 BT CADI -*****.00 +49.00 BT 10-day MA -*****.00 -12.00 FTSE ST Mid Cap 768.76 +1.44 FTSE ST Small Cap 556.42 -0.49 FTSE ST All Share 801.54 +0.75 FTSE ST China Top 199.56 +1.41 FTSE ST China 227.75 +1.65 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Charisma Energy 318,956,000 Albedo 168,932,000 Vallianz 108,880,000 Blumont 82,331,000 Artivision Tech 74,975,000 Unionmet 74,305,000 Mirach Energy 73,167,000 KLW R 73,113,000 STATS ChipPAC 66,469,000 W Corp 57,099,000 VALUE($) DBS Grp 49,628,276 Sarine Tech 47,584,740 Noble 39,862,250 STATS ChipPAC 39,803,320 Global Logistic 38,376,190 UOB 36,156,550 Keppel Corp 35,383,992
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 6 0 0 0 3 6 6 Manufacturing 52 31 50 7 3 13 59 34 63 Commerce 17 20 21 9 2 2 26 22 23 Tpt/Stor/Comms 17 13 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,709 16,709 54,094 54,094 Manufacturing 540,657 177,413 718,070 171,587 17,842 189,429 Commerce 104,316 343,496 447,812 76,167 27,473 103,640 Tpt/Stor/Comms 76,036 5,857 81,893 108,302 808 109,110 Finance 35,246 143 35,389 119,779 43 119,823 Construction 66,947 339,602
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    • Article
      Lock icon BROKERS’ TAKE
      985 6  -  Compiled by ANDREA SOH Venture Corp June 12 close: S$7.58 OCBC Investment Research, June 12 WE believe Venture Corp (VMS) will be able to benefit from the trend of accommodative policies being implemented by major central banks and governments to support economic growth. In the US, Federal Reserve
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      120 6 Stock name Close Change Ascendas Reit 2.300 -0.010 CapitaLand 3.240 +0.010 CapitaMall Trust 2.000 CityDev 10.510 +0.110 ComfortDelGro 2.480 +0.020 DBS Grp 17.060 +0.030 Genting Sing 1.330 -0.010 Global Logistic 2.680 +0.010 Golden Agri-Res 0.575 HPH Trust USD 0.750 +0.005 HongkongLand USD 6.810 +0.070 JMH 400
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    • Article, Illustration
      Lock icon NZ$ jumps after central bank stays hawkish
      578 6 CURRENCIES Reuters [LONDON] The New Zealand dollar powered more than one per cent higher yesterday, after the country’s central bank raised interest rates and quashed widespread market speculation that it was ready to slow its campaign of monetary tightening. The kiwi was the
      Reuters; PHOTO: REUTERS  -  578 words
    • Article
      Lock icon RISES
      113 6 BY CENTS CLOSE UP Prudential500USD 2150 187.4 7.5 DBXT Nifty 10US$ ***** 68.7 0.4 DBXT iBoxxSvEu 5US$ ***** 50.0 0.1 JSH 500 USD 3627 48.7 1.1 DBXT MSJAP 10US$ 4646 45.0 0.8 DBXT AUDCS 5US$ ***** 40.0 0.2 DBXT AUD Bonds 5AU$ ***** 39.9 0.2 DBXT FTVietnam 10US$ 2762
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    • Article
      Lock icon FALLS
      134 6 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -121.2 -0.7 DBS Bk 4.7% NCPS 100 ***** -110.0 -1.0 SPDR DJIA 10US$ ***** -67.5 -0.3 Lyxor Indonesia10US$ 8847 -42.5 -0.4 DBXT MSKorea 10US$ 6540 -40.0 -0.5 DBXT E50 10US$ 5553 -26.2 -0.4 DBXT iBoxxKR 5US$ ***** -26.2 -0.1 Great Eastern
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      215 7 Always Be Discovering with The Business Times Indulge in top quality French wines selected by one of the best sommeliers of France m Vv tIs from the outstanding vineyard Herault vinifie oduced in the Patrimonial the best appellation of LDTZiCii; a MBl 1 CELL I BENCH y CELLAR WINE TASTING
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon New technology stops plastic, glass surfaces from fogging up
      354 8  -  CleanClear, a hardy, permanent ceramic coating creates a layer of water to prevent fogging By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT THE Institute of Materials Research and Engineering (IMRE) is in talks to further develop and license a technology, dubbed CleanClear, which prevents
      354 words
    • Article
      Lock icon Pratt & Whitney’s water use cut by 40% since 2000
      340 8  - Pratt Whitney’s water use cut by 40% since 2000 By LESTER WONG lesterw@sph.com.sg AIRCRAFT engine firm Pratt Whitney (P&W) has cut its annual water consumption here by more than 12 million gallons, a reduction of 40 per cent since 2000, when it first made water conservation a primary focus. It
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    • Article, Illustration
      Lock icon SICC to drive more debates on manpower
      408 8  -  By RAPHAEL LIM By raphlim@sph.com.sg THE Singapore International Chamber of Commerce (SICC) is looking to drive more debates on manpower issues, which it sees as critical to business. The chamber’s acting chief executive, Victor Mills, told reporters yesterday: “People issues are central to
      408 words
    • Article
      Lock icon WongPartnership named most most innovative
      353 8  -  It’s the only S’pore firm in FT’s first Asia-Pac Innovative Lawyers Awards By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT ONE of Singapore’s leading law firms, WongPartnership, has been named the Most Innovative Asean Law firm by The Financial Times (FT) the only Singapore law firm to have
      353 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon STB, TripAdvisor expand alliance
        112 8 THE Singapore Tourism Board (STB) and TripAdvisor are expanding their partnership to boost the sharing of experiences of both locals and travellers in Singapore. Both partners aim to raise local tourism stakeholders’ awareness of how they can benefit from user-generated content, while enriching Singapore’s listings and
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      • Article
        Lock icon RAPS, NUS launch graduate course
        134 8 THE Regulatory Affairs Professionals Society (RAPS) and the National University of Singapore (NUS) have announced the official launch of their joint graduate certificate in Medical Devices Regulatory Affairs (MDRA) programme. Targeted at Singapore-based regulatory professionals, the programme was developed in partnership with the government to
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    • Article
      Lock icon Shopping on 2 China websites made easier via Alipay
      240 8 SHOPPING online at two of China’s largest websites just got easier, with the introduction of direct-debit transactions targeting consumers who prefer to make real-time payments. This payment option means some 280,000 registered users here will be able to use eNETS to
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      229 8 iOL 1 13 -22 June 2014 Peranakan Pleasures Immerse yourself into all things Peranakan as Swissotel Merchant Court narrates a Nonya tale steeped in evocative flavours and exquisite heritage. m y Sate your tastebuds with specialties such as Ayam Buah Keluak, Sambal Petai Udang, Kueh Pie Tee and assorted Nonya
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia polls keep FDI on the sidelines
      725 9 Investment growth slows sharply in Q1 as investors await new government Reuters [JAKARTA] Billions of dollars in foreign investment hinge on next month’s Indonesian presidential election, with at least one major company holding back after a former special forces general made a surprisingly
      Reuters; PHOTO: REUTERS  -  725 words
    • Article
      Lock icon Dr M blasts new laws to replace Sedition Act
      696 9  -  If passed, they will erase progress made through NEP, he says By S JAYASANKARAN in Kuala Lumpur FORMER Malaysian prime minister Mahathir Mohamed has lambasted the three proposed national-unity laws that are to replace the Sedition Act, saying they are inimical
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  • Page 9 Advertisements
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      371 9 THE BIGGEST CAREER FAIR IS BACK AGAIN FREE BOOTH* AT STJOBS CAREER DEVELOPMENT FAIR 2014! REQUEST NOW LIMITED BOOTH AVAILABLE Be part of Singapore's biggest and most exciting event with job seekers, employers and training providers all under one roof. Here's your opportunity to recruit talents and attain high brand
      371 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Pressure is on for Modi as lending growth slows in India
      737 10 Weaker bank credit boosts bets of cuts in borrowing costs to spur lending WP [MUMBAI] India’s worst lending slowdown since 2009 is combining with forecasts for a below-aver-age monsoon to heighten the challenge new Prime Minister Narendra Modi faces
      WP; PHOTO: REUTERS  -  737 words
    • Article
      Lock icon Infosys names ex-SAP exec as new CEO
      439 10 Vishal Sikka is expected to help revive margins Bloomb erg [BANGALORE] Infosys Ltd has named Vishal Sikka chief executive officer as India’s second-largest software services exporter turns to the former SAP executive to help reverse four straight years of narrowing margins. Mr Sikka,
      Bloomberg  -  439 words
    • Article
      Lock icon Soaring forex reserves creating policy woes: China
      466 10 Reuters [BEIJING] China’s rapid accumulation of foreign-cur-rency reserves creates difficulties for steering economic policy, officials with the nation’s foreign exchange regulator said yesterday. China will keep its foreign exchange reserves at a reasonable level, officials of the State Administration of Foreign Exchange (SAFE)
      Reuters  -  466 words
    • Article, Illustration
      Lock icon Business bodies in HK oppose ‘Occupy Central’
      343 10 WP [HONG KONG] The Canadian, Indian and Italian chambers of commerce in Hong Kong have joined brokers and executives in opposing a planned pro-democracy protest, publishing a letter that said that the demonstrations may “cripple” businesses. Organisers of Occupy Central, who are threatening
      WP; PHOTO: AFP  -  343 words
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      161 10 Malaysia 14th June 2014, Saturday 8.30am 4.30pm NTUC Auditorium Level 7, No 1, Marina Boulevard, One Marina Boulevard, Singapore *****9 PRESENTING MALAYSIA LISTED COMPANIES IN SINGAPORE Unearth Opportunities from Malaysia Listed Companies in 2nd Half of 2014 EVENT HIGHLIGHTS: Investment Merits Presentations by listed companies from Malaysia. GD Express Carrier
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      Lock icon Page 10 Advertisements Column 2
      35 10 STYLE SUBSTANCE Most frequently used four-letter word in India is Modi SRI VEERAMAKALIAMMAN TEMPLE PREPARES FOR ITS GRAND CONSECRATION GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      35 words
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  • WORLD
    • Article, Illustration
      Lock icon Consumers in Japan face up to rising prices
      605 11  -  Consumption tax rise forces them to change their deflation mindset By ANTHONY ROWLEY in Tokyo THIS week’s announcement by Japanese low-cost apparel chain Uniqlo that it intends to raise prices of autumn and winter garments this year by around 5 per cent
      PHOTO: REUTERS  -  605 words
    • Article
      Lock icon Australia’s employment in surprise May fall
      220 11 Reuters [SYDNEY] Australian employment unexpectedly fell for the first time in five months in May, though any disappointment was tempered by a surprisingly steady jobless rate and a solid increase in full-time hiring. Yesterday’s data from the Australian Bureau of Statistics showed a net
      Reuters  -  220 words
    • Article
      Lock icon Investors turn to Japan Reits as inflation hedge
      643 11 They’re banking on asset price rises; stable interest rates Reuters [TOKYO] Yield-hungry investors have been betting that Japanese real estate investment trusts will pay off as asset prices rise and interest rates remain stable, with the instruments growing in popularity among both
      Reuters  -  643 words
    • Article
      Lock icon Japan expands foreign ‘trainee’ scheme
      281 11 Programme offers trainees from China and elsewhere work for up to three years Reuters [TOKYO] Japan is both ageing and shrinking as it tries to emerge from two decades of economic stagnation. The construction workforce is a prime example. It has contracted by a third
      Reuters  -  281 words
    • Article, Illustration
      Lock icon New EU rules on farm subsidies may hit woods
      496 12 Bloomberg [MADRID] Countries across the European Union are finishing new rules for handing out 43 billion euros (S$73 billion) in annual EU farm subsidies, a change that has spooked conservationists in drier, pastoral nations like Spain. A quirk in new EU
      Bloomberg; PHOTO: AFP  -  496 words
    • Article
      Lock icon Mitsubishi Heavy and Siemens to bid for Alstom
      568 12 Joint deal may help to reduce regulators’ concerns even as GE sweetens its offer NYT [PARIS] The German engineering conglomerate Siemens and Mitsubishi Heavy Industries of Japan said on Wednesday that they might bid jointly for Alstom, the French maker of power
      NYT  -  568 words
    • Article
      Lock icon Intel loses battle over 1.06b euro fine in AMD case
      576 12 EU court rejects its bid to overturn penalty for unfairly squeezing out rival chipmaker Bloomberg [BRUSSELS] Intel Corp lost its European Union (EU) court challenge to a record 1.06 billion euro (S$1.79 billion) antitrust fine for unfairly squeezing out Advanced
      Bloomberg  -  576 words
    • Article
      Lock icon World Cup games on public Thai channels
      411 12 Bangkok seeks to spread ‘happiness’ after military coup AFP [BANGKOK] Thai football fans can watch the whole World Cup at home for free thanks to an intervention by the junta to spread “happiness” after a military coup last month. A dispute over broadcasting
      AFP  -  411 words
    • Article
      Lock icon Thai junta secures loan for rice payments
      307 12 Reuters [BANGKOK] Thailand’s military government has secured a loan of 40 billion baht (S$1.5 billion) to help pay money owed to rice farmers under a controversial state rice-buying scheme, the second loan it has secured, a senior Finance Ministry official said yesterday. The
      Reuters  -  307 words
    • Article
      Lock icon Cloud convenience, speed at the cost of security?
      839 13 Security specialists recommend multifactor authentication NYT [SAN FRANCISCO] Five years ago, people still spoke of cloud adoption as if they had a choice. But at company after company, cloud-computing facilities miles away have replaced computer rooms down the office hall, and what
      NYT  -  839 words
    • Article
      Lock icon Manila acts to cut risk from property market
      514 13 Banks ordered to adjust capital for real-estate exposure Reuters [MANILA] Philippine lenders can have greater real estate exposure as long as they have enough capital buffers to stem risks identified in an industry stress test, the central bank said, as it issued
      Reuters  -  514 words
    • Article, Illustration
      Lock icon PlayStation trumps Xbox One again at E3 event
      550 13 Sony also spotlights hotly anticipated blockbuster titles AFP [LOS ANGELES] Sony’s new-generation PlayStation 4 (PS4) console ramped up its winning momentum at the Electronic Entertainment Expo (E3) video game show that wrapped here yesterday. PS4 arrived at the major industry event a
      AFP; PHOTO: REUTERS  -  550 words
    • Article
      Lock icon Retail sales rise less than forecast in May
      425 14 Purchases are up 0.3%; consumers take break after 3-month surge in shopping LATEST US DATA Bloomberg [WASHINGTON] Retail sales rose less than forecast in May as American consumers took a respite following a three-month surge in shopping that has underpinned economic growth.
      Bloomberg  -  425 words
    • Article, Illustration
      Lock icon Tough fight for upstart search engines taking on Google
      724 14 Bloomberg [PARIS] Even as Internet users fret more about online privacy, upstart search engines that promise data security are discovering it’s tough to get users to abandon Google and harder to rack up big profits without selling customer data to advertisers.
      Bloomberg; PHOTO: REUTERS  -  724 words
    • Article
      Lock icon JPMorgan may be forced to cut jobs in long term
      185 14 Bloomberg [NEW YORK] JPMorgan Chase Co, the world’s biggest investment bank, may have to cut jobs and reduce compensation if trading revenue fails to rebound as expected, chief financial officer Marianne Lake said. With results holding at current levels, “compensation
      Bloomberg  -  185 words
    • Article, Illustration
      Lock icon Tokyo summons China envoy over fighter jets incident
      571 14  -  Japanese protest that it ‘could lead to a real accident’ By ANTHONY ROWLEY in Tokyo TENSIONS between Japan and China were further escalated yesterday after Tokyo summoned the Chinese ambassador to deliver a protest over Wednesday’s air incident in which Chinese fighter
      571 words
    • BRIEFING
      • Article
        Lock icon Opposition demands delay Japan’s casino bill
        112 14 Reuters [TOKYO] A Japanese Opposition politician yesterday submitted a set of demands to ruling party lawmakers who are proposing a bill to legalise casino gambling, pushing back much-awaited parliamentary debate to next Wednesday at the earliest. The delay raises the risk of the bill
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      • Article
        Lock icon UK banks pay out under 30% of funds to cover mis-selling
        124 14 Reuters [LONDON] Britain’s banks have paid out less than 30 per cent of the £3.75 billion (S$7.9 billion) set aside to cover the mis-selling of complex interest rate hedging products, according to data from the financial regulator. The Financial
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        Lock icon EC may ease EU banks’ liquidity requirements
        117 14 Bloomberg [BRUSSELS] European Union banks are set to win the right to use a wider range of asset-backed debt to meet their liquidity requirements as the bloc hunts for ways to boost the market for such securities. The European Commission is advocating that
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      Lock icon Economists lose sleep over weak US rebound
      615 15 Unemployment and investment trends making Americans permanently poorer WP [WASHINGTON] The Great Recession was bad enough, but the not-so-great recovery might be even worse. It’s been so weak that the long-term unemployed might become unemployable, that too little investment today might create bottlenecks
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      Lock icon Thai central bank hints of rate freeze
      654 15 Current level is ‘still supportive of economy’ Reuters [BANGKOK] Thailand’s current policy interest rate level is already low and still supportive of the economy, hurt by months of political unrest, the central bank chief said yesterday, reinforcing expectations that the rate will be
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      2007 11 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices Q oceanus GROUP OCEANUS GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Reg. No. *****5793D) NOTICE OF THE ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Oceanus Group Limited (the "Company”) will be held
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      47 12 2014 MANU FACTURINGSOLUTIONSEXPO Empowering Manufacturing Sectors with Solutions 8 to 10 October 2014 Suntec Convention 8t Exhibition Centre Halls 401 403 ms-expo.com SIB fM 4 ifH •c at To Exhibit: Tel: +65 6319 4021 Email: mse@sph.com.sg To Visit: Pre-register at ms-expo.com Organised by: sphere A SUBSIDIARY OF
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      14 12 PRIZES WORTH OVER $30,000 I* T, aaa o sgblogawards.omy.sg O facebook.com/sgblogawards O© Tag #omySBA2014
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      891 13 KINERGY CORPORATION LTD (formerly known as Kinergy Ltd) Company No. *****0021D (the “Company”) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Kinergy Ltd (the “Company”) will be held at No. 1 Changi North Street 1, Lobby 2, Singapore *****9 on
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      103 14 IFBO VIETNAM 2014 International Franchise Business Opportunities 4-6 September 2014 10.00am 5.00pm Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam International franchise brands and business concepts under one roof Get free lessons on franchising from the experts! Pick up useful tips on doing business in Vietnam *Enjoy preferential
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      9 14 w. IN THE MORNING -WEEKDAYS 6AM-10AM-D facebook.com/kiss92fm J#-@kiss92fm www.kiss92.sg
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      1856 15 EZION HOLDINGS LIMITED (UEN/Company Registration No. *****4364E) (Incorporated in the Republic of Singapore) Notice to holders (the “Noteholders”) of the outstanding S$100,000,000 5.25 per cent. Notes due 2015 comprised in Series 001 (ISIN: SG6V*****831) (the “Notes”) of Ezion Holdings Limited (“Ezion”) convened for 10.00 a.m. (Singapore time) on 12 June
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  • BT INVESTMENT ROUNDTABLE
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      Lock icon Opportunities amid global tensions
      2722 16 INTRODUCTION Are markets underestimating the scale and seriousness of geopolitical tensions in Asia and elsewhere, and have investors failed to price such risks into their calculus? The Business Times asked its panel of experts to give their views on this issue and also to comment on
      PHOTOS: AFP; REUTERS  -  2,722 words
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  • AVIATION/SHIPPING
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      Lock icon AirAsia debuts in India amid price war
      851 17 It sets a target for its India venture to break even in just four months Bloomberg [NEW DELHI] Asia’s biggest budget carrier has set a target for its India venture to break even in four months. Some of its local rivals haven’t achieved
      Bloomberg; PHOTO: REUTERS  -  851 words
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      Lock icon Airbus pitches A380 after Emirates snub
      600 17 Bloomberg [TOULOUSE] A day after its biggest order cancellation ever, Airbus is back out pitching for new customers. The planemaker was showing its Airbus A380 flagship to analysts and investors in New York yesterday, including a promotional flight over the city, with the goal
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    • Article
      Lock icon TRANSPORT STOCKS
      247 17 SGX '000 Jun 12 S$ +/-Vol Ch Offshore 0.45 0.01 63 Chuan Hup Hldg 0.29 unch 145 Cosco Corp 0.72 unch 602 Cwt Limited...............1.76 -0.02 771 Ezra Hldgs 1.10 0.01 2043 First Ship Lea 0.09 unch 425 Grand Banks 0.27 unch 20 Jaya Hold Ltd K1Ventures................0.18 unch 2729
      247 words
    • Article
      Lock icon Hunt on for pirates after tanker hijacking
      351 17 AFP [KUALA LUMPUR] Malaysia is hunting for a group of machete-wielding pirates who hijacked a tanker off its eastern coast, stealing a million litres of oil, the latest in a spate of attacks in its waters, an official said yesterday. Pirates hijacked the
      AFP  -  351 words
    • Article
      Lock icon Wilson Sons to pay 50% dividend
      228 17 Bloomberg [RIO DE JANEIRO] Wilson Sons, the Brazilian ports and tugboat operator backed by Aberdeen Asset Management, expects to give about half of its profit back to shareholders after investing more than US$1 billion to expand operations. Founded in 1837 by Scottish entrepreneurs to
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    • Article
      Lock icon Tougher terms ahead for frequent fliers
      584 17 More airlines tag points to fares, not distance flown WP [NEW YORK] It’s a sad day for anyone who has ever known the joy of carefully hoarding frequent-flier miles. United Airlines announced that, beginning March 1, 2015, members of the company’s MileagePlus programme will
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  • EDITORIAL & OPINION
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      Lock icon MediShield Life a welcome addition
      544 18 EDITORIAL CONSUMER surveys have time and again highlighted Singaporeans’ deep anxiety over rising healthcare costs. In this context, MediShield Life has emerged as a welcome addition to Singapore’s healthcare financing framework. Based on the recommendations of a review committee, the scheme will result in higher
      544 words
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      Lock icon Anti-EU vote is really an outcry against woes at home
      790 18  -  THE BOTTOM LINE DANIEL GROS The writer is director of the Center for European Policy Studies Project Syndicate [BRUSSELS] Judging from the headlines, one might get the impression that the 400 million citizens eligible to participate in the recent European
      Project Syndicate  -  790 words
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      Lock icon Civil war may be brewing in the Republican Party
      1079 18  -  Cantor’s defeat signals tensions that could cost the GOP the 2016 presidential elections LEON HADAR Washington Correspondent WASHINGTON was stunned, literally, late on Tuesday evening when the results of the Republican primary race from the 7th district of the state of
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      Lock icon GM cereals – the pros and corns
      1015 19  - GM cereals the pros and corns The arguments for or against are bedded in discussions of food security, water security and population growth FRANK-JURGEN RICHTER The writer is founder and chairman ofHorasis, a global visions community THE topic of genetic modification is wide and fraught with strong rhetoric.I will restrict
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      Lock icon Microsoft can hang up on Nokia
      398 19  -  REUTERS BREAKINGVIEWS By ROBERT CYRAN BUYING Nokia’s devices and services businesses was Steve Ballmer’s swan song as chief executive of the US software giant Microsoft. If Satya Nadella wants to put his stamp on the company, he could reverse course on the US$7.2 billion
      PHOTO: REUTERS  -  398 words
    • Article
      Lock icon IFA advice of limited use to investors in takeover offers
      906 19 LETTER TO THE EDITOR MICHAEL Dee concluded in his article “Takeover offers: you’re your best adviser” (BT, June 6 that, ultimately, the investor has to make his own decision and not rely on the advice of the independent financial adviser
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    • Article
      Lock icon Is your fraud strategy ready for football fever?
      730 19  -  By SUBHASHISH BOSE The writer is a senior fraud consultant at ACI Worldwide BRAZIL’S Ministry of Tourism predicts that the 3.7 million people travelling in the country during the World Cup season this year will collectively spend more than US$3 billion. Of
      730 words
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  • PROPERTY
    • Article
      Lock icon URA’s landscape renewal to cover more areas
      749 20  -  Policy extended to include residential, commercial, hotel, mixed-use projects By SHEENA TAN tsheena@sph.com.sg THE Urban Redevelopment Authority (URA) yesterday announced enhancements to the 2009 Landscaping for Urban Spaces and High Rises (LUSH) programme, aimed at encouraging developers to plan for more green spaces
      749 words
    • Article
      Lock icon UK minister urges BOE to clamp down on risky mortgages
      363 20 Reuters [LONDON] British business minister Vince Cable yesterday urged the Bank of England (BOE) to clamp down on mortgages with high loan-to-income ratios to stop booming house prices from harming the economy. Speaking ahead of keynote annual addresses to London’s
      Reuters  -  363 words
    • Article
      Lock icon China group to build creative hub in Sydney
      512 20 A$25m tower will be tallest residential building in Australia Xin hua [CANBERRA] Chinese property development group Greenland is determined to make its new project in Sydney, a new tower that will not only be the tallest residential building in Australia but will
      Xinhua  -  512 words
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      433 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The Business Times CLASSIFIED BUY IT SELL IT FIND IT D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D10 HOUSE FOR SALE CLUNY A Diamond Plot!
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      95 20 D10 APARTMENT FOR SALE BALMORAL HILLS #08-01 F’hold. Panoramic view. Vacant. 1841 sf, 4+1+balcony $3.8M neg. Commission up to $100K. Owner 6399 4862 D10 APARTMENT FOR SALE ST. REGIS RESIDENCES St Regis Residences. 1507sqft. High flr. 3 bdrms with balcony. 999 years. Prime location. Valuation $3.98M. Call 9155 9655 ERA
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      702 21 Oat off t/it AaU SiyyeAt ia 2014 Minutes walk to Kovan MRT Foreigners Eligible f10 L Call Now To Enjoy Additional Early Choice of 1 2 barms. Unique D n 77 7 Bird Preview Discount! Huttons “hflTTn Y t^ aaa realestategroup 9696 7000 3 Levels of Lifestyle Facilities TSTGIICC Lldll
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      154 21 D22 FACTORY FOR SALE JOO KOON B2 54K/55K sf, High ceiling, overhead crane. Approved dormitory. MRT. Joshua *****007 D23 FACTORY FOR SALE THE ELITIST $639 psf for Sale, $2.30 psf for Rent. Brand New! Office/ Warehouse. Bare. The Elitist Bt Batok. 1012/ 1033/ 2045 sf. 9850 0967 Theresa Huttons D01
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  • Article
    Lock icon SHIPPING TIMES
    2189 22 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 THE
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      39 22 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times Shipping Times
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      157 23 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 I FREIGHT FORWARDER urgently needed by shippers 1 Can they
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4168 24 Transaction date: Jun 12 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 13.3 10.4 8Telecom Last Sale Vol Day Last Quote --AAT Div Gr Yld C'vr Net 163.3 102.4 AIMSAMP Cap Reit
      4,168 words
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      Lock icon SGX CATALIST
      454 25 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 32 23 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) 39 16 t
      454 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10704 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** unoCI A! Aberdeen Asset Mgt Asia Limited 1.58/ APS Alpha Fund (USD)!* 1.26/ Aberdeen Asset Mat Asia limited Global Emerging Markets!** fc et 0.9987/ Asian Loca SDBond *****/ 2 0402/ China Opportunities!' 2.8788/ Pacific Equity
      10,704 words
    • Article
      Lock icon GLOBALQUOTE
      249 25 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 62 40.5 AVJennings A59 +0.5 3 59 55.5 56 61 3.6 5.9 4.8 218.4 Company 343 191 TanChongInt HK338 unch 93 338 335 336 339 9.7 3.1
      249 words
    • Article
      Lock icon SGX ETF
      1102 25 52-Wk Last Vol Day Last Quote DivGr Yld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 114.8 18 114.8 114.8 114 114.8 524 135.5 119 CIMB APAC Div 100S$D 130.7 -0.3 130.7 130.7 129.5 132.1 108.9
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      667 26 Jun 12 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.15 *****.96 *****.08 Jun14 *****.00 *****.00 *****.00 *****.00 *****9 *****4 Sep14 *****.00 *****.00 *****.00 *****.00 *****8 *****8 MSCI TAIWAN INDEX FUTURES SPOT 330.49 330.49 328.38 Jun14 329.70 329.90 328.40 329.00 ***** *****7 Jul14 323.90
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Jun 11 Index Change Change Change Change Change Change World Preliminary 1232.5 -0.3 4.1 -0.2 3.2 -0.3 4.2 EAFE Preliminary 978.1 -0.3 2.3 -0.1 1.8 -0.2 2.8 Europe Preliminary 1418.9 -0.6 4.7
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Jun 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.020 5.842 0.694 7.283 55.723 110.849 0.959 9.562 3.018 1.084 92.485 41.150 1.174 10.073 0.846 28.205 30.509 0.558 0.940 Canada 0.980 5.724
      471 words
    • Article
      Lock icon SIBOR
      39 26 Jun 12 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 26 Jun 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.22 101.26 101.26 5-Year NX*****W 2.5 01-Jun-19 105.7 105.77 105.77 10-Year NX*****H 2.750 01-Jul-23
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      Lock icon PRECIOUS METALS
      120 26 Jun 12 GOLD(US$/oz) Jun 12 Jun 11 Hong Kong 1267.00 1268.00 Jun 11 Jun 10 London 1262.20 1260.20 1262.85 1260.85 Source: Thomson Reuters CAST BAR Jun 12 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 77 48 5gm 305 251 10gm 568 504
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    • Article
      Lock icon PALM OIL
      57 26 Jun 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 14 2390.0 2380.0 2390.0 2390.0 30 564 Jul 14 2372.0 2386.0 2411.0 2372.0 753 7473 Aug 14 2365.0 2379.0 2404.0 2362.0 ***** ***** Sep 14 2363.0 2377.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Jun 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1736 1.1743 0.9394 0.9398 Canadian dollar 1.1499 1.1508 0.9210 0.9205 Euro 1.6902 1.6907 1.3529 1.3531 NZ dollar 1.0825 1.0836 0.8665 0.8672 Sterling pound 2.1023 2.1029 1.6828 1.6830
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 26 Jun 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1445.50 1462.50 1466.50 1444.50 Aug 14 1382.75 1395.25 1399.00 1381.25 Sep 14 1261.75 1270.25 1273.25 1256.25 Nov 14 1220.75 1229.50 1232.00 1213.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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    • Article
      Lock icon LIFFE
      95 26 Jun 11 COCOA (£/tonne) Close Prev High Low Jul 14 1984 1961 1987 1947 Sep 14 1958 1948 1961 1928 Dec 14 1942 1933 1945 1913 Mar 15 1930 1922 1934 1904 COFFEE(US$/tonne) Close Prev High Low Jul 14 1944 1875 1945 1870 Sep 14 1960 1894 1961 1888
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1052 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 3.6 0.1 ***** 1 2 59 Exer Albedo Limited W*****9 Prem Asiatic Grp(Hldgs) Ltd W*****5 2.1 unch 382 0.0 2 15 Asiatravel.com HoldingsW*****7 10.5
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Jun 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.65 0.55 WTI (Near Mth) 104.46 0.02 Dubai (1-Mth F) 105.43 0.24 Tapis blend 113.46 -0.44 Minas 108.86 -0.44 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.97 0.33 Jet Kerosene 118.30 0.23 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Jun 12 S$ Bid Offer 1-month 1.2493 1.2495 2-months 1.2493 1.2495 3-months 1.2492 1.2495 6-months 1.2491 1.2493 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      65 26 Jun-11 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1827.00 1865.50 3 months 1867.00 1900.50 Copper, Grade A(US$/tonne) Cash 6743.00 6710.00 3 months 6690.00 6675.00 Lead(US$/tonne) Cash 2098.50 2116.25 3 months 2125.00 2140.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Jun 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.200 1.143 Can dollar 1.172 1.127 Euro 1.731 1.649 Sterling pound 2.139 2.057 NZ dollar 1.103 1.061 US dollar 1.275 1.215 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 26 Jun 12 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      118 27 Philippine Airlines e home in the sky FLY WITH US TO 32 DESTINATIONS m A k HANEDA NARITA NAGOYA OSAKA OUL. HONOLULU GUAM ANILA 4 SINGAPOR MAN LA 1 V BRISBANE SYDNEY Z 1 ASIA AUSTRALIA US AND CANADA FARE CONDITIONS: Ticket is non-transterable and non-re(undable. Changes permitted at a
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  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      341 27 CRYPTIC CROSSWORD Across 1 Human affairs not entirely wonderful, I feel (4) 3 Was soft stuff in chopped tree recyclable material? (5,5) 9 Nothing alive ultimately in river (4) 10 Distressed but unbowed, we hear? (10) 11 Little animal in rubbish fire destroyed (7) 13 Answer, after bit of hard
      341 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon The Game Plan
      1756 32  -  Stay calm and get through the entire World Cup tournament even with its ungodly kick-off times of midnight, 3am and 6am with these tips from company bosses, health experts and more, write DYLAN TAN GEORGINE VERANO dylantan@sph.com.sg @DylanTanSYBT gverano@sph.com.sg IT’S that time in four years when: productivity
      PHOTO-ILLUSTRATION: SIMON ANG  -  1,756 words
    • WINE
      • Article, Illustration
        Lock icon Unlocking time in a bottle
        1229 27  -  Knowing when to uncork is key to enjoying a prize vintage, writes NK YONG IS THIS wine ready to drink? It’s a question often asked, or which flashes through the minds of experienced wine lovers. The pundits and books will give you several dicta depending
        PHOTO: AFP  -  1,229 words
      • Article, Illustration
        Lock icon Pick of the Week
        153 27 >Balik Pulau: Many Singaporeans are not aware that Singapore was part of an archipelago, and one of 70 islands. Balik Pulau, the latest exhibition by the National Heritage Board seeks to change that by offering Singaporeans a look into the earlier days of those islands and
        153 words
      • AroundTown
        • Article
          Lock icon Outings
          330 27  -  Compiled by Georgine Verano gverano@sph.com.sg Le Noir: The exhilarating sensation Le Noir is back, with several new acts to keep the audience in anticipation. A theatrical experience with the aim of engaging audiences, Le Noir brings to the stage thrilling acts by the best cirque performers from around the
          330 words
    • ARTS
      • Article, Illustration
        Lock icon The world, their stage
        820 28  -  Teens take drama lessons to help them become better employees in a new plan helmed by social entrepreneur Colin Goh to apply arts to real life, reports CHEAH UI-HOON reportsCHEAH reportsCHEAH UI-HOON uihoon@sph.com.sg DRAMA teacher Amelia George instructs in a stentorian voice: “TRY not to speak
        PHOTO: LITTLE ARTS ACADEMY  -  820 words
      • Article, Illustration
        Lock icon Transgenders’ blight
        566 28  -  By RACHEL LOI rachloi@sph.com.sg @RachelLoiBTrachloi@sph.com.sg WHEN Avant Theatre’s artistic director G Selva nathan first decided to stage the controversial play Akka (which is Tamil for “sister”) back in 1991, his goal was to be a voice for Singapore’s transgender community. “The issue we highlighted was that society was
        PHOTO: AVANT THEATRE, LANGUAGE  -  566 words
      • Article, Illustration
        Lock icon Sealed with a Hui kiss
        480 28  -  By DYLAN TAN By dylantan@sph.com.sg @DylanTanSYBT SOME fans will pay a premium just for a brief meet-and-greet with their favourite singer backstage but Sam Hui’s most loyal followers sure get a lot more with just their front row tickets. Five songs into his set at
        PHOTOS: UNUSUAL ENTERTAINMENT  -  480 words
      • Article, Illustration
        Lock icon By special invitation – from the Queen
        793 28  - By special invitation from the Queen By RICHARD VINES Bloomberg IT’S the most exclusive afternoon tea in England. It’s held in a palatial garden that is closed to the public. It offers the opportunity to rub shoulders with movers and shakers. And it is free. There’s just one catch. You
        Bloomberg; PHOTO: AFP  -  793 words
      • Article, Illustration
        Lock icon Nature’s role in Asian culture
        1048 29  -  Artist Lucy Davis’s exhibition explores the varied ways culture and nature in South-east Asia are imagined, represented and performed, reports CHEAH UI-HOON reports CHEAH UI-HOON ARTIST Lucy Davis’s ongoing project on wood has taken on several layers of meaning, from collecting discarded wooden objects in
        1,048 words
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        Lock icon Cutting a swathe for Asian women on Broadway
        648 29  -  B y CHEAH UI-HOON uihoon@sph.com.sg WHEN Korean-born American actor Asa Gim Palomera found that there were so few roles for Asian actresses on Broadway, she decided to do something about it. The graduate of New York University School of the Arts (now
        648 words
      • Article, Illustration
        Lock icon Feminist classic A Doll’s House gets a reboot
        594 29  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT SERIOUS actresses dream of playing the role of Nora in the same way that serious actors dream of playing Hamlet. Few female roles are, in fact, as rich and full-bodied as Nora in Henrik Ibsen’s classic play
        PHOTO: OUR COMPANY  -  594 words
      • Article, Illustration
        Lock icon Father’s Day guide to buying art
        1007 30  -  Here are creative ideas for the man of the house, whether he’s a connoisseur or if you think it’s time he became one, writesHELMI HELMI YUSOF For more than a decade, Soh has been scouring the island for old HDB blocks, playgrounds, schools, cinemas
        1,007 words
      • Article, Illustration
        Lock icon Return of retro with Lee’s Hotpants
        547 30  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT BELL bottoms, polyester shirts, Elvis sideburns and Farah Fawcett tresses are set to make a comeback with Dick Lee’s musical homage to the 1970s, Hotpants. First produced in 1997 with his ex-wife Jacintha Abisheganadan, Hotpants brings a new cast
        PHOTO: SIRIUS ART  -  547 words
    • CINEMA
      • Article, Illustration
        Lock icon Suffering for art
        559 31  -  Scarlett Johansson plays an alien with a macabre attraction for young men in Under The Skin writes GEOFFREY EU writesGEOFFREY writesGEOFFREY EU AN alien taking the form of a mysterious female cruising the dark, damp streets of Glasgow and seeking out random males to seduce for nefarious
        559 words
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        Lock icon Giving it all for 3D Naked Ambition
        523 31  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT LIKE its title plainly suggests, 3D Naked Ambition is full of, well, actors in their birthday suits. It’s a role that Hong Kong funnyman, Chapman To, took seriously enough to whip himself into shape for this reboot of
        523 words
      • Article, Illustration
        Lock icon Limp-wristed stab at frontier humour
        561 31  -  By GEOFFREY EU IF expletive-laced dialogue, bad taste jokes and silly sight gags are your type of thing, then A Million Ways to Die in the West funnyman Seth MacFarlane’s follow-up to Ted (2012), his hugely successful comedy about a foul-mouthed teddy bear will leave
        561 words
      • Article, Illustration
        Lock icon Eyeing gold at the box-office
        548 31  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT COULD Jack Neo be Singapore’s most misunderstood director? The critics generally pan his drama-comedies that target a broad audience and the 54-year-old acknowledges he’s resigned to that fate during an interview for his latest film, The Lion Men: Ultimate Showdown.
        548 words
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