The Business Times, 2 July 2014

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Microfilm: NL33180
Total Pages: 40
1 12 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, July 2, 2014
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  • Article
    Lock icon SMC’s lawyers accused of overcharging
    882 1  -  Surgeon Susan Lim’s husband brings new action before courts By MICHELLE QUAH michquah@sph.com.sg@MichelleQuahBT [SINGAPORE] Last year, surgeon Susan Lim lost her battle against the Singapore Medical Council (SMC) over its assertions that she had overcharged her wealthy Bruneian patient. Now, her husband who is funding
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  • Article
    Lock icon Home prices seen dipping further for rest of 2014
    1027 1  -  Market players attribute slide in private market to competitive prices by developers, softening rentals BY. KALPANA RASHIWALA ka|pana@sph.com.sg @Ka|panaBT [SINGAPORE] Amid the current supply-demand imbalance, the gradual decline in private home prices is set to continue for the rest of the
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,242.64 (-13.03) HST INDEX FUTURES 3,238.00 (-13.00) HSIMSCI 368.97 (-1.88) HSIMSCI FUTURES 367.70 (-2.80) US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.710 2.132 EURO (US$/S$/€ 1.369 1.707 Foreign currency per US$ S$ YEN 101.60 81.40 RM 3.208 2.572 HK$ 7.750 6.215 BAHT 32.40 25.98 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Tuesday Change KL COMP 1,879.12 -3.59 NIKKEI 225 15,326.20 +164.10 HANG SENG Closed SET INDEX Closed JAKARTA COMP 4,884.83 +6.24 MANILA COMP 6,826.61 -17.70 SEOUL COMP 1,999.00 -3.21 SHENZHEN B 841.36 -1.20 MUMBAI IND 25,516.35 +102.57 12 noon EDT Change DOW 16,953.12 +126.52 NASDAQ 4,457.79 +49.61
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    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.35 MALAYSIA 6.55 TAIWAN 5.00 INDONESIA 15.491 TAIWAN 5.036 CANADA 1.475 KOREA 9.33 Source: Bloomberg
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      111 1 EXEC MONEY Weak property sector weighing down S’pore equities: UBS PAGE 28 SPECIAL FEATURE Free with your copy of BT today STRAIT TALK Mixed fortunes for container carriers PAGE 17 OFFSHORE OIL GAS A 12-page supplement on the sector's prospects My name:George Energy supply My dream:My son My business: taking
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  • TOP STORIES
    • Article
      Lock icon US$ clearing ban for BNP affects S’pore transactions
      538 2  -  But bank says it will be appointing a third party clearer for US$ payments By JAMIE LEE leejamie@sph.com.sg@JamieLeeBT [SINGAPORE] The one-year suspension of US dollar clearing services for BNP Paribas’ New York branch will involve the oil-and-gas and commodity financing transactions booked
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    • Article
      Lock icon Over 20 Senior Counsel declined to take up case
      534 2  -  Mostly because of their relationship with WongP: Sharma By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] Deepak Sharma, husband of surgeon Susan Lim, said he had hoped to appoint a local lawyer to take up his case involving WongPartnership (WongP). Instead, he was
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    • Article
      Lock icon THREE-MINUTE DIGEST
      515 2 Home prices seen dipping further for rest of 2014 AMID the current supply-demand imbalance, the gradual decline in private home prices is set to continue for the rest of the year after three quarters of decreases, say consultants. FRONT PAGE SMC’s lawyers accused of overcharging LAST year, Dr
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    • Article
      Lock icon EMA to appoint 2nd LNG aggregator by end of 2015
      521 2  -  By RONNIE LIM By ronnie@sph.com.sg [SINGAPORE] The Republic will have up to two new liquefied natural gas importers under a second LNG aggregatorship by the end of next year. This was indicated by the Energy Market Authority (EMA) under a
      521 words
    • Article, Illustration
      Lock icon HDB resale flat prices continue to cool in Q2
      503 2  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] Resale prices in the public housing market fell for a fourth straight quarter, down 1.3 per cent in Q2, according to HDB’s flash estimates released yesterday. This follows a 1.6 per cent decline in the
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    • Article, Illustration
      Lock icon Chinese manufacturing in June expands at fastest pace in 2014
      607 2 Bloomberg [BEIJING] China’s manufacturing expanded in June at the fastest pace this year, adding to signs that the government’s efforts to arrest a slowdown are helping to stabilise the world’s second biggest economy. The Purchasing Managers’ Index (PMI) was at
      Bloomberg; PHOTO: AFP  -  607 words
    • Article, Illustration
      Lock icon Facebook scores 1b interactions for World Cup
      379 3 Tournament is set to break new records as biggest social media event to date Reuters [SAO PAULO] With one billion posts, likes and comments in just the first half of the World Cup, the soccer tournament is already the most talked-about event in
      Reuters; PHOTO: AFP  -  379 words
    • Article
      Lock icon Brazil may be first to control dengue
      754 3 Bloomberg [LONDON] When he announced he was going to Brazil for the World Cup, Andy Quinn was warned by friends and a travel agent to lather on mosquito repellent to avoid potentially fatal dengue fever. Some of the mosquitoes he saw “were like
      Bloomberg  -  754 words
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      247 3 Guess the score* win a Sony 4K TV! Brazil vs Colombia Here’s your chance to be the first to own the latest 55-inch 4K Sony TV! Just guess the correct scoreline of the above match and you could win the newest Sony TV with superior colour reproduction. Other prizes include
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  • COMPANY NEWS
    • Article
      Lock icon Attracting retail investors: mindset change needed
      906 4  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg @RSivanithyBT EVER since the penny segment crashed last October, the local stock market has suffered from a withdrawal of retail participation. Volume today is about half what it was before the crash, prompting the release of a
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    • Article, Illustration
      Lock icon IHH on track to bulk up on hospitals and beds
      852 4  -  It plans to raise bed count to 9,000 in 3 years, 10,000 by 2018 By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT IHH Healthcare, the largest private hospital operator in Asia and second largest in the world in terms of market value, is
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    • Article
      Lock icon Why Ying Li attracts China Everbright
      629 5  -  Its business model and focus seen as positive features By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT CHINA Everbright Limited (CEL), which will be pumping $284 million into Ying Li International Real Estate, has cast its eyes on the Singapore mainboard-list-ed Chongqing developer because of its attractive
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    • Article, Illustration
      Lock icon BBR clinches $196m contract to build NTU student hostels
      485 5  -  It will be 1st public high-rise devt in Singapore to use PPVC technology By RAPHAEL LIM raphlim@sph.com.sg CONSTRUCTION group BBR Holdings has secured a $196 million contract to build Singapore’s first public high-rise development using the pre-fabricated and pre-finished volumetric modular
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    • Article
      Lock icon Nam Cheong seals US$92m deal; appoints exec vice-chairman
      409 5  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT OFFSHORE marine player Nam Cheong yesterday announced the sale of another four vessels worth about US$92 million, in addition to the appointment of John Tiong Chiong Hiiung as the group’s executive vice-chair-man. Of the four vessels, three
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    • Article
      Lock icon Manhattan’s takeover target in carbon tie-up
      517 7  -  Singxin and MCi to develop technology to transform CO2 using serpentine B)’ ANDREA SOH sandrea@sph.com.sg @AndreaSohBT MINERAL resources firm Singxin Resources, which Singapore-listed Manhattan Resources is in the process of acquiring, has tied up with an Australian carbon technology firm to develop a carbon
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    • Article, Illustration
      Lock icon Two Keppel O&M units win contracts worth $368m
      398 7  -  Orders are for FPSO conversion, subsea construction vessel By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT KEPPEL Offshore Marine (Keppel O&M) announced yesterday that its wholly owned subsidiaries, Keppel Shipyard and Keppel Singmarine, have secured contracts worth a total of $368 million. Keppel Shipyard won
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    • COMPANY BRIEFS
      • Article
        Lock icon Company movements
        134 7 SINGAPORE Post’s deputy group chief financial officer (CFO) Daniel Phua Meng Kuan will take over the CFO position as Ng Hin Lee has resigned. Mr Ng’s last day of service is July 31. At Mirach Energy, Hu Xiao Ying has resigned as CFO with effect from yesterday, with
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      • Article
        Lock icon Yoma gets nod to list new shares
        100 7 YOMA Strategic Holdings has received in-principle approval from the Singapore Exchange for the listing of its placement shares. The firm had last Thursday proposed to issue 135 million new ordinary shares in a placement at 70 cents each a discount of 8.4 per
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      • Article
        Lock icon SingHaiyi prices its 5.25% notes
        56 7 SINGHAIYI Group has priced its $100 million 5.25 per cent notes due 2017 at 100 per cent of their principal amount and in denominations of $250,000. These are expected to be issued on July 10, and mature in January 2017. DBS Bank and UOB were
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      • Article
        Lock icon BreadTalk unit to dispose of stake
        69 7 BREADTALK subsidiary Food Republic (Shanghai) has agreed to dispose of its interest in Shanghai Hong Bu Rang Food and Beverage Management for 132,071 yuan (S$26,576) to joint venture partner Lin Long Yuen, who holds the other 50 per cent of the firm. Shanghai Hong
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    • Article
      Lock icon FCL bid for Australand becomes binding
      322 7  -  By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT HAVING completed the due diligence work, Frasers Centrepoint Ltd (FCL) has made its off-market offer to acquire Australand Property Group a binding one. FCL is giving cash of A$4.48 (S$5.29) for each stapled security in a deal that values
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      190 4 TASTES Enjoy a truly personalized culinary experience at The Westin Singapore’s signature restaurant, Seasonal Tastes, with breath-taking views of Singapore’s city skyline from Asia Square Tower 2. Lunch: $42++ Dinner; S62+ For Citibank card holders, 1 dines free with every 3 paying diners*. Terms and conditions apply. 12 Marina View,
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      109 5 JULY ISSUE OUT NOW! Breakfast with >>> AUGUST 2, 2014 (SATURDAY) If you have yet to experience Kia, now’s the time. SIGN UP NOW AT WWW.TORQUE.COM.SG/EVENTS 10aM 7pm 2nd-3rdAug 2014 SUNTEC SINGAPORE CONVENTION EXHIBITION CENTRE LEVEL 4, EXHiBITION HALL 401 402 EVENT HIGHLIGHTS Interact Access to Local International Exhibitors Panel
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      195 5 WORLD’S FINEST SERVICED OFFICES SERVICED OFFICES For the 1-10 person business v Fully furnished prestigious offices v Business registration offices available v Dedicated receptionist answering your calls the way you would like v Meeting rooms, bilingual secretaries v Global IT infrastructure v 5 days free at any location across the
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Weak Q3 start as STI goes below 3,250
      648 6  -  Index drops 13.03pts, blue chips weak, about 400 counters untraded or unchanged STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE Straits Times Index kicked off the second half yesterday with one of its dullest trading sessions in recent memory. Blue chips were
      Source: Bloomberg  -  648 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jul 1 VALUE CLOSE BT OB/OS -101.00 +58.00 BT CADI -*****.00 -40.00 BT 10-day MA -*****.00 -10.00 FTSE ST Mid Cap 770.54 -2.53 FTSE ST Small Cap 558.23 +1.51 FTSE ST All Share 792.58 -2.72 FTSE ST China Top 197.93 -0.25 FTSE ST China 224.11 -1.26 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME Xpress 184,431,000 Vibrant Group 122,364,000 ICP 102,156,000 Polaris 97,702,000 Swing Media Tech 54,787,000 Golden Agri-Res 48,178,000 GSH 34,510,000 Adventus 28,931,000 Memstar Tech 27,905,000 W Corp 27,628,000 VALUE($) OCBC Bank 59,126,570 SingTel 36,066,790 DBS Grp 32,148,760 HongkongLand USD 31,326,710 UOB 28,093,910 Golden Agri-Res 26,447,135 Global Logistic 18,076,540
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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 4 8 0 0 0 3 4 8 Manufacturing 47 47 44 6 11 10 53 58 54 Commerce 14 21 21 5 5 4 19 26 25 Tpt/Stor/Comms 9 14 16
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,395 11,395 31,793 31,793 Manufacturing 570,410 278,785 849,195 116,292 12,560 128,851 Commerce 88,518 76,329 164,847 47,371 7,066 54,437 Tpt/Stor/Comms 206,891 472 207,363 115,297 64 115,362 Finance 34,088 537 34,625 128,497 164 128,660 Construction 23,805 41,623
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    • Article
      Lock icon BROKERS’ TAKE
      1005 6  -  Compiled by ANDREA SOH Banks CIMB Research, June 30 MAS banking data for May showed healthy YTD domestic banking unit (DBU) loan growth of 4.1 per cent (April: 2.9 per cent), broadly in line with the banks’ guidance of high single-digit to low-teens loan growth for the full
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      121 6 Stock name Close Change Ascendas Reit 2.280 -0.020 CapitaLand 3.160 -0.040 CapitaMall Trust 1.960 -0.015 CityDev 10.15 -0.080 ComfortDelGro 2.460 -0.040 DBS Grp 16.81 +0.060 Genting Sing 1.330 Global Logistic 2.670 -0.030 Golden Agri-Res 0.545 -0.010 HPH Trust USD 0.720 HongkongLand USD 6.600 -0.070 JMH 400
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    • Article, Illustration
      Lock icon Euro near 6-wk high, recoups June’s losses
      503 6 CURRENCIES Reuters [LONDON] The euro held near a six-week high against the US dollar yesterday, threatening a break past US$1.37 that could quickly see it back at levels expected to provoke a comment from the European Central Bank at the very least. Much
      Reuters; PHOTO: BLOOMBERG  -  503 words
    • Article
      Lock icon RISES
      116 6 BY CENTS CLOSE UP GLD 10US$ ***** 164.6 1.0 DBXT AUDCS 5US$ ***** 147.2 0.6 DBXT AUDCS 5SG$ ***** 110.0 0.4 DBXT Nifty 10US$ ***** 108.5 0.7 DBXT iBoxxSvEu 5US$ ***** 93.5 0.3 DBXT iBoxxKR 5US$ ***** 81.1 0.4 JSH 500 USD 3633 74.8 1.7 DBXT MSJAP 10US$ 4798
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    • Article
      Lock icon FALLS
      132 6 BY CENTS CLOSE DOWN Hyflux 6% CPS 10 ***** -209.0 -2.0 Jardine C&C 4351 -75.0 -1.7 DBXT iBoxxUSTr 5US$ ***** -59.9 -0.2 Lyxor ThaiSET 10US$ ***** -53.6 -0.3 DBXT AUD Bonds 5AU$ ***** -41.3 -0.2 DBXT USDIGInfl 5US$ ***** -31.2 -0.1 DBXT DBLCI-OY 5US$ 3486 -27.4 -0.6 DBXT MSKorea
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      2957 7 WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED (Incorporated in Bermuda with limited liability) (Hong Kong stock code: 854) (Singapore stock code: W12) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Willas-Array Electronics (Holdings) Limited (the “Company”) will be held on Thursday, July 31, 2014 at 9.30
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon It’s in US interest to keep Japan in TPP: PM Lee
      694 8  -  Some progress made to overcome Japan’s resistance to open up its agri markets By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT IT is in the United States’ interest to ensure that Japan remains part of the Transpacific Partnership (TPP) free-trade agreement negotiations
      PHOTO: NEO XIAOBIN/THE STRAITS TIMES  -  694 words
    • Article, Illustration
      Lock icon $60m more for Temasek Cares endowments
      359 8  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT TEMASEK Holdings has committed to contribute $60 million to Temasek Cares’ endowments, increasing its total endowments from $229 million to $289 million. The $60 million will be used to fund programmes for the Singapore community over the next five
      359 words
    • Article, Illustration
      Lock icon Senior finance execs to top Asia-Pac pay rise
      494 8  -  Survey results reflect S’pore’s financial hub status: Towers Watson By VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT SENIOR executives in Singapore’s financial services sector can expect to see the highest increase in year-on-year salary growth across Asia-Pacific, according to a survey by professional services company
      PHOTO: BLOOMBERG  -  494 words
    • Article
      Lock icon PDPA fully kicks in today
      354 8  -  By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT THE Personal Data Protection Act (PDPA) comes into full effect today, after an 18-month transition period for firms and organisations to get up to speed on the new rules. These rules govern how companies collect, use and protect personal data.
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    • Article
      Lock icon Well-to-do S’poreans more optimistic about economy this year: Visa survey
      396 8  -  By AMANDA EBER aeber@sph.com.sg AFFLUENT Singaporeans are optimistic about Singapore’s economic situation, according to the Visa Affluent Study 2014, released by Visa yesterday. The study was conducted from September to December last year and surveyed more than 5,000 cardholders in
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    • Article
      Lock icon Foreign-registered vehicles entering S’pore to pay more
      367 8  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT THE Land Transport Authority (LTA) yesterday announced significant increases in the Vehicle Entry Permit (VEP) fee and the Goods Vehicle Permit (GVP) fee for all foreign-registered vehicles entering Singapore. The VEP fee for cars will be upped from
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    • Article, Illustration
      Lock icon Lower-than-expected bids at Woodlands industrial plot
      499 9  -  Expectations already modest due to large size of plot By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT THE industrial plot at Woodlands Avenue 12 garnered conservative bids which fell below consultants’ already-modest expectations at its tender close yesterday. Wee Hur Development, the property development arm of Wee
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    • Article, Illustration
      Lock icon MediaTek commits over $250m to R&D in S’pore
      364 9  -  By SHEENA SHEENA TAN tsheena@sph.com.sg TAIWAN-LISTED chipmaker MediaTek will spend more than $250 million in the next six years to expand its research and development (R&D) operations in Singapore, the company announced yesterday. MediaTek the fourth-largest fabless semiconductor company globally will set
      364 words
    • Article, Illustration
      Lock icon S’pore needs more high-tech, outward-looking SMEs
      262 9  -  BY MINDY TAN tanmindy@sph.com.sg @MindyTanBT SINGAPORE needs more high-tech small and medi-um-sized enterprises (SMEs) as such companies are not only key to sustainable economic growth, but also help anchor technological capabilities in Singapore and contribute to the shift towards higher valueadded activities. “We need
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon EY expands Myanmar services
        64 9 EY yesterday announced that it has expanded in Myanmar to offer assurance services through the admission of a new member firm, to be named EY UTW (Myanmar). This adds to the suite of tax, transaction and advisory services that EY has been offering since April last
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      • Article
        Lock icon Breast cancer cell bank to study Asians
        127 9 THE Cancer Science Institute of Singapore (CSI) at the National University of Singapore (NUS) has set up the first university- based Breast Cancer Cell Bank in Singapore, with the support of Royal Philips. The new facility will house primary culture tumor cell lines
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      28 9 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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      Lock icon Page 9 Advertisements Column 2
      1095 9 SWISSCO HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****4711D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an extraordinary general meeting (“EGM”) of Swissco Holdings Limited (the “Company”) will be held at 10:30 a.m. on 22 July 2014 at Republic of Singapore Yacht Club,
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon MRCB secures land to develop RM7b township
      505 10  -  It shows developers are still confident of property despite slowing demand By S JAYASANKARAN in Kuala Lumpur MALAYSIAN Resources Corporation (MRCB) has won a bid to develop a massive RM7 billion (S$2.72 billion) township in an indication that developers are still confident of
      505 words
    • Article, Illustration
      Lock icon Indonesia’s May trade balance returns to surplus of US$70m
      539 10 Reuters [JAKARTA] Indonesia posted a small trade surplus in May as imports fell more than expected, helping to take some pressure off the fragile rupiah ahead of a presidential vote next week. South-east Asia’s largest economy has been trying to curb
      Reuters; PHOTO: AFP  -  539 words
    • Article
      Lock icon Asset growth behind M’sia’s record RM3b sukuk issues in H1
      279 10 [KUALA LUMPUR] The record RM3.25 billion (S$1.26 billion) of ringgit denominated sukuk issued by Malaysian Islamic banks in the first half of this year is driven by rapid asset growth. This, according to Moody’s Investors Service, has led to significant
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  • Page 10 Advertisements
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      370 10 THE BUSINESS TIMES Ik 1 S 1 Toll free 1800-289-8822 I fl I I Email notices@sph.com.sg J I V i I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BAN TAI LOY MEDICAL HALL PTE. LTD. Company Registration No. *****2903Z (IN MEMBERS' VOLUNTARY
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      442 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KERRY-MCS MINING (MONGOLIA) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO.*****5980R NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at No. 1 Kim Seng Promenade, #07-01 Great World City, Singapore *****4
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      385 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TELE-ENGINEERING SERVICES PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****1057G) At an Extraordinary General Meeting of the above Company deemed held on 25 June 2014, the following resolutions were duly passed: IT WAS RESOLVED:
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      464 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TRIO LINK DEVELOPMENT PTE. LTD. (In Members’ Voluntary Liquidation) Company Reg. No. *****1919E At an Extraordinary General Meeting of the members of TRIO LINK DEVELOPMENT PTE. LTD. duly convened and held at 205 Upper Bukit Timah
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      351 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SULLINGTON ASSETS PTE. LTD. Company Registration No. *****5745G (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Company held at 8 Burn Road, #07-15/16 Trivex, Singapore *****7 on 25 June 2014 the following resolutions
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      364 10 IN THE MATTER OF THE LIMITED LIABILITY PARTNERSHIP ACT AMISFIELD LLP (THE “LLP”) REGISTRATION NO. T09LL1788K (LIMITED LIABILITY PARTNERSHIP WINDING UP) At the General Meeting of the Partners of the LLP held at 163 Penang Road #02-03 Winsland House II, Singapore *****3 on 13th June 2014, the following resolutions were
      364 words
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      25 10 www.omy.sg |i Buzz Talk m k w {3SS3D& 0*S0 0 news.omy.sg Download omy Apps 0 0 ft i:i iJf: 0 OITiy News iOSAppStore Google Play
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon Chinese traders quit as crackdown begins
      888 11 Investigation is part of efforts to rebuild investor confidence in stock markets Reuters [SHANGHAI] A crackdown by Chinese regulators on insider trading in the country’s US$1.2 trillion mutual fund industry has sparked an exodus of fund managers from the industry. The investigation is part
      Reuters; PHOTO: REUTERS  -  888 words
    • Article, Illustration
      Lock icon Modi asset sale plans get boost from stocks rally
      735 11 Bloomberg [MUMBAI] A rally that has added US$94 billion to the market value of Indian state-owned companies this year is helping Prime Minister Narendra Modi raise cash from asset sales as oil prices and a weak monsoon tax the exchequer. The
      Bloomberg; PHOTO: BLOOMBERG  -  735 words
    • Article
      Lock icon Chinese trust firm warns that investment product may default
      419 11 Reuters [SHANGHAI] A Chinese trust firm has warned that one of its high-yield investment products may have trouble making payments on time, a state-owned newspaper reported yesterday, the latest possible default to hit the country’s shadow banking system. China Credit Trust
      Reuters  -  419 words
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      1396 11 (Incorporated in the Republic of Singapore) Registration No. *****1771W NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Cortina Holdings Limited will be held at York Hotel, 21 Mount Elizabeth, Singapore *****6 on Thursday, 17 July 2014 at 9.00 am to transact the following
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  • WORLD
    • Article
      Lock icon US commercial property owners are paying off mortgages early
      826 12 Low interest rate policy has plied financial system with cheap cash Bloomberg [NEW YORK] Landlords are paying off more boom-era loans early, chipping away at US$316 billion of debt maturing till 2017 that has loomed over the commer-cial-mortgage backed securities market
      Bloomberg  -  826 words
    • Article
      Lock icon Australia central bank keeps rates on hold
      238 12 AFP [SYDNEY] Australia’s central bank kept interest rates on hold at a record low 2.5 per cent yesterday, as a resilient currency and softening commodity prices hobbled the economy’s shift away from mining. The Reserve Bank of Australia (RBA) left the cash rate
      AFP  -  238 words
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      Lock icon Secret documents reveal NSA had authority for broad surveillance
      475 12 But agency did not necessarily target all countries: report AFP [WASHINGTON] The US National Security Agency has been authorised to intercept information “concerning” all but four countries worldwide, top-secret documents say, according to The Washington Post. “The United States has long
      AFP; PHOTO: AFP  -  475 words
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      Lock icon Morgan Stanley preparing pay cut plan for its brokers
      348 12 Reuters [NEW YORK] Morgan Stanley wants to pay out a smaller portion of wealth management revenue to the retail brokers who generate it, the final and perhaps most difficult front in CEO James Gorman’s drive to reduce staff costs. For now,
      Reuters; PHOTO: AFP  -  348 words
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      Lock icon Urban land prices in Japan rose last year: report
      158 12 Reuters [TOKYO] Land prices in Japan’s three largest metropolitan areas rose in 2013, while prices in smaller cities kept declining, highlighting a widening divide between urban centres and remote areas, a government survey showed. Land prices in Tokyo rose 1.8 per
      Reuters  -  158 words
    • Article
      Lock icon UK mfg strengthens in June on demand surge
      277 12 Bloomberg [LONDON] UK manufacturing growth unexpectedly accelerated to the fastest pace in seven months as demand surged, adding to signs of a broadening recovery. An industry index rose to 57.5 in June from 57 in May, Markit Economics said yesterday. Economists forecast
      Bloomberg  -  277 words
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      Lock icon Russia-based hackers targeting power firms
      477 12 Bloomberg [LONDON] A Russian group of hackers known as “Energetic Bear” is attacking energy companies in the US and Europe and may be capable of disrupting power supplies, cybersecurity researchers said. The hackers, also called “Dragonfly”, appear to have the resources, size and organisation that
      Bloomberg  -  477 words
    • Article
      Lock icon Takeovers featuring more stocks, fewer all-cash deals
      822 13 Bloomberg [LONDON] Big deals are back. To fund them, buyers are using a little creative thinking and a lot of common stock to fuel the best quarter for global takeovers since 2007. As they agreed to more than US$900 billion of purchases in
      Bloomberg  -  822 words
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      Lock icon Swiss exports set to boom as China trade pact takes effect
      725 13 Businesses rejoice as most tariff cuts will be immediate or in five to 10 years Bloomberg [ZURICH] Swiss companies are stealing a march on European and US rivals as a trade pact with China that took effect yesterday slashed
      Bloomberg; PHOTO: BLOOMBERG  -  725 words
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      Lock icon GM hits a record with another 8.45m recalls
      748 13 Bloomberg [WASHINGTON] General Motors Co recalled 8.45 million more vehicles on Monday and surpassed the record for US safety fixes by a carmaker in a calendar year, as chief executive officer Mary Barra steps up efforts to shed its reputation for foot-dragging
      Bloomberg; PHOTO: REUTERS  -  748 words
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      Lock icon Scottish independence vote puts off property investors
      802 13 Bloomberg [LONDON] Scotland’s commercial property market, already lagging behind the recovery in London following the British economy’s slump, has developed another obstacle for investors: the possibility of the UK breaking up. The prospect of voters supporting independence in a referendum scheduled for Sept
      Bloomberg  -  802 words
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      Lock icon After BNP, US probing other firms to curb illicit money flows
      1126 14 Among them are Credit Agricole, SocGen, Deutsche Bank and a Citigroup unit Reu ters [WASHINGTON] BNP Paribas’s guilty plea and agreement to pay nearly US$9 billion for violating US sanctions is part of a larger US Justice Department shift
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      Lock icon Food makers see business growth in e-commerce
      1062 14 Reuters [PARIS] Grocery manufacturers are struggling to adapt to the online world and need to invest in smarter packaging, presentation and supply chains to reap the long-term benefits. E-commerce accounts for just 3.7 per cent of sales for fast-moving items such as food,
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      Lock icon Healthcare spending growth slows in US
      452 14 It grows 1.4% in 2011 from about 7% in 2002: study Bloomberg [NEW YORK] The growth of healthcare spending in the United States has slowed during the past decade to a rate more similar to other developed countries, a study found. Healthcare spending per
      Bloomberg  -  452 words
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      Lock icon Germany loosens rules on retirement age
      1103 15 In policy reversal, govt will let some workers retire early on full pensions NYT [BERLIN] In 2007, the German government led by Chancellor Angela Merkel voted to lift the retirement age gradually to 67 from 65, in line with policies being adopted by the
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      Lock icon Britain in real danger of being ‘outvoted’ in EU: Cameron
      388 15 Xinhua [LONDON], British Prime Minister David Cameron has warned that Britain is “in real danger of being outvoted” in the European Union (EU) following the country’s failure to block former Luxembourg Prime Minister Jean-Claude Juncker’s appointment as the next president
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    • Article
      Lock icon Petrobras offers drilling-service contracts worth over US$2b
      337 15 Bloomberg [RIO DE JANEIRO] Petroleo Brasileiro SA, the biggest crude producer in ultradeep waters, is offering more than US$2 billion in drilling-service contracts, some under revised terms after suppliers complained about the original agreements, said two people with direct knowledge of the bidding
      Bloomberg  -  337 words
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      Lock icon New York’s highest court rules towns can prohibit fracking
      809 15 Decision against company which had gas lease may echo across other states NYT [NEW YORK] In a decision with far-reaching implications for the future of natural gas drilling in New York state, its highest court ruled on Monday that towns can
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    • Article
      Lock icon German steelworkers to stage warning strikes over wages
      331 15 Reuters [DUESSELDORF] German steelworkers are set to stage warning strikes this week, starting with the Dillenburg plant of Finland’s Outokumpu, as trade union IG Metall seeks to increase the pressure on employers to make a wage offer. A third round of wage
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    • Article
      Lock icon June factory growth keeps to steady pace
      478 16 Growing demand for cars, construction materials keeps assembly lines busy LATEST US DATA Bloomberg [WASHINGTON] Growth at US factories in June held near the fastest pace of the year, a sign that manufacturing helped boost the economy in the second quarter. The Institute
      Bloomberg  -  478 words
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      Lock icon Tankan hints at limited tax hike impact
      710 16  -  Sentiment drops but firms plan to boost capital spending By in ANTHONY ROWLEY in Tokyo THE Bank of Japan’s latest quarterly “tankan” survey of corporate sentiment released yesterday suggested that the economy is in a holding pattern while it absorbs the impact of
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      Lock icon Eurozone’s jobless rate stays unchanged in May
      409 16 Bloomberg [FRANKFURT] The euro-area unemployment rate was unchanged in May as the currency bloc struggled to shake off the legacy of the debt crisis. The jobless rate remained at 11.6 per cent after the April number was revised down from 11.7 per cent,
      Bloomberg  -  409 words
    • BRIEFING
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        Lock icon Switzerland, EU draw a line under tax row
        94 16 Reuters [BERNE] Switzerland and the European Union (EU) stepped closer yesterday to resolving a near-decade long dispute over corporate tax rates, a sign of cooperation between the two amid friction over immigration policy. The pair signed an agreement which outlined Switzerland’s intention
        Reuters  -  94 words
      • Article
        Lock icon Tata Steel to cut 400 jobs at Wales plant
        107 16 Reuters [MUMBAI] Tata Steel said yesterday it will cut about 400 jobs at its Port Talbot plant in South Wales, around 10 per cent of the workforce, as it looks to reduce costs to compete better in the strip products business
        Reuters  -  107 words
      • Article
        Lock icon Sarkozy in custody for questioning
        84 16 AFP [PARIS] Nicolas Sarkozy yesterday became the first former French president to be placed in custody for questioning in a criminal investigation. The right-wing leader was detained at a police station in a Paris suburb in connection with a suspected attempt to illegally influence judicial
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      • Article
        Lock icon Goldman fined US$800,000 by Finra
        80 16 Bloomberg [NEW YORK] Goldman Sachs Group was fined US$800,000 by the Financial Industry Regulatory Authority (Finra) for failing to have procedures in place to ensure clients in its dark pool got the best price while trading stocks. More than 395,000 transactions were executed in the
        Bloomberg  -  80 words
    • Article, Illustration
      Lock icon Newmont files for arbitration over copper export curbs
      477 16 Reuters [JAKARTA] Newmont Mining Corp said yesterday that it had filed for international arbitration against the Indonesian government over a near six month-old mining dispute that has halted the US-based firm’s copper concentrate exports from the country. Newmont declared force majeure last
      Reuters; PHOTO: AFP  -  477 words
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      Lock icon Japan expands military role to defending allies
      435 16 Bloomberg [TOKYO] Japan’s Cabinet passed a resolution expanding the role of the military to include the defence of allies, reinterpreting the pacifist constitution in place for nearly 70 years, Defence Minister Itsunori Onodera said. The government will now submit bills to Parliament in
      Bloomberg  -  435 words
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      183 13 JKC FUND Sociétéd’InvestissementàCapitalVariable(TheSICAV) Registeredoffice:12,rueEugèneRuppert,L-2453Luxembourg R.C.S.LuxembourgN°B144.551 NOTICETOSHAREHOLDERS The shareholders are informed that the cut-off of the subscription and redemption orders of each Class of each Sub-Fund will be set at noon, one Business Day (previously two Business Days) before the Valuation Day. Thus,theNetAssetValueperSharewillbedeterminedanddatedinLuxembourg on each Business Day (“Valuation Day”). The computation
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  • Transport HUB
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      Lock icon Mixed news for container carriers
      1072 17  -  Industry surprised by collapse of P3 Alliance proposal, while EU’s extension of liner BER is cheered STRAIT TALK By DAVID HUGHES IN THE last few weeks, there has been bad news for the three carriers which had been set to create the proposed huge P3
      1,072 words
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      Lock icon No shutdown this time for US West Coast ports
      768 17 Parties seek to avert US$2b a day cost to the economy Bloomberg [SAN FRANCISCO] Twelve years after a labour dispute closed West Coast ports and cost the US economy US$1 billion a day, negotiators on both sides want to avoid a
      Bloomberg; PHOTO: BLOOMBERG  -  768 words
    • Article
      Lock icon TRANSPORT STOCKS
      251 17 SGX '000 Jul 01 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.28 unch 1188 Cosco Corp 0.72 unch 499 Cwt Limited 1.74 -0.01 561 Ezra Hldgs 1.13 0.02 6464 First Ship Lea 0 45 Grand Banks 0.27 0.01 498 Jaya Hold Ltd 0.20 unch ***** K1Ventures................0.19 unch
      251 words
    • Article
      Lock icon No spike seen in US crude shipments after ruling
      386 17 Bloomberg [TOKYO] US approval for exporting some of its ultra-light crude after minimal processing only broadens the definition of refined products and won’t mean a sudden jump in overseas shipments, according to Morgan Stanley. While some producers are interested in exports,
      Bloomberg  -  386 words
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      Lock icon US shale boom to drive demand for gas carriers
      678 17 Bloomberg [ATHENS] Increased US exports of liquefied petroleum gas amid higher shale oil production will boost demand for ships that carry gases such as propane, butanes and ethane, Paris Kas-sidokostas-Latsis, director of Athens-headquartered Latsco Shipping, said. Shipments of LPG from the
      Bloomberg  -  678 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Boeing delivers first 787-9 to Air NZ on last day of Q2
        492 18 Delivery of the new, stretched Dreamliner is a major milestone for the planemaker Reuters [SEATTLE] Boeing Co contractually delivered its first 787-9 to Air New Zealand on Monday, allowing the US planemaker to book the delivery of the
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        Lock icon New KL transport minister to take over plane’s search
        235 18 Bloomberg [KUALA LUMPUR] Malaysia’s new Transport Minister Liow Tiong Lai will take over the search for Malaysia Airlines Flight 370 from Hishammuddin Hussein, who became a lightning rod for criticism of the government’s handling of the probe. Mr Hishammuddin, who was
        Bloomberg  -  235 words
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        Lock icon Alaska freight costs US Postal Service dearly
        1157 18 Agency lost US$2.5b over 3 decades on federal system WP [HOOPER BAY, Alaska] In the soggy, unforgiving tundra on the shores of the Bering Sea, Royala Bell defrosts a rack of beef ribs for dinner in a kitchen that doubles as a bedroom
        WP; PHOTO: BLOOMBERG  -  1,157 words
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        Lock icon FAA to miss ‘drones in US airspace’ target
        733 18 WP [WASHINGTON] The Federal Aviation Administration (FAA) will miss a September 2015 deadline set by Congress to allow drones to fly throughout the nation’s skies because of technical and regulatory obstacles that are unlikely to be resolved anytime soon, according to a
        WP  -  733 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Google, carmakers diverge on road map for self-driving cars
        1320 19 For now, the tech firm is moving forward on its own, building prototypes Reu ters [SAN FRANCISCO] In 2012, a small team of Google engineers and business staff met with several of the world’s largest carmakers, to discuss partnerships to build
        Reuters; PHOTO: REUTERS  -  1,320 words
      • Article
        Lock icon US trucks catching up on safety features
        929 19 These play a key role in preventing or mitigating accidents NYT [NEW YORK] Large trucks may be involved in fewer crashes than passenger vehicles, but their size almost guarantees that the consequences of those collisions will be severe. Recent tragedies, including the June
        NYT  -  929 words
      • Article
        Lock icon Japanese carmakers boost investment in US plants
        278 19 Reuters [WASHINGTON] Japanese carmakers boosted investment in their US plants by more than US$5 billion in 2013, the biggest increase on record, new figures from the Japan Automobile Manufacturers Association (JAMA) showed on Monday. Total manufacturing investment in US plants, vehicles and engines
        Reuters  -  278 words
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      24 18 Shanghai Free Trade Zone cuts 51 items from 2014 version of "negative list" ±;SSS3IE 2014^Rgfi®iSI& /,$*2 To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      335 18 CRYPTIC CROSSWORD Across 1 Spirits prior to Conservative account limited by definition (5,5) 6 Taken advantage of by American and heartlessly evicted (4) 9 Looking embarrassed ex-pensive-sounding for a stag? (3,4) 10 Large policemen accepting note of indebtedness (7) 12 Famous monument of Rome dirt cheap (ruined) (3,2,8) 14 Got
      335 words
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      30 19 FI'EE FACILITIES MANAGEMENT SOLUTIONS EXPO 2014 14 -16 October 2014 SINGAPORE EXPO HALLS 3 4 www.fmse.com.sg T TOWARDS A SUSTAINABLE BUILT ''Sr if, It > e> To Exhibit: Tel:+65 6319 4021
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      89 19 Myanmar O Banking Business Development Conference 2014 15- I 7 July 2014 Sule Shangri-La Hotel,Yangon, Myanmar The only strategic conference dedicated to the banking industry and business development climate in Myanmar where people, innovations, and best practices converge to define the future =J s S..i o 'fifes.. Defining IV A
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  • EDITORIAL & OPINION
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      Lock icon In Japan, QE faces supply side problems
      493 20 EDITORIAL QUANTITATIVE easing (QE) which usually involves the buying of government bonds and other financial assets on a major scale by a nation’s central bank in order to pump money into the economy has worked quite well in restoring growth in the United
      493 words
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      Lock icon Housing: The ultimate momentum trade
      832 20  -  REUTERS BREAKINGVIEWS THE BOTTOM LINE By EDWARD HADAS WHAT will happen next in the housing market? The question comes up all the time in many countries, for an obvious reason: House prices jump around too fast for the good of the economy. The price hyperactivity
      832 words
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      Lock icon Splendid isolation won’t work for UK
      934 20  -  In economic terms, it would stand to lose more than gain if it were to exit the EU By RICHARD LAMBERT JOHN SPRINGFORD Richard Lambert, a former chairman of the Confederation of British Industry and editor-in-chief of the Financial Times, is currently chair of
      Project Syndicate; PHOTO: AFP  -  934 words
    • Article, Illustration
      Lock icon The Bank of Things to come
      1084 21  -  As the ‘Internet of Things’ transforms our future, expect Singapore’s banks to jump on the digital bandwagon By IAN WEBSTER The writer leads Accenture’s financial services distribution, marketing and analytics business across Asia-Pacific DO you have cash in your wallet right now? If you
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    • Article, Illustration
      Lock icon We’re all Facebook’s lab-rats
      758 21  -  By LEONID BERSHIDSKY Bloomberg HOW shocking: Facebook had the temerity to conduct an experiment on its users without telling them and now the results have been published in the Proceedings of the US National Academy of Sciences. Actually, no one should be surprised. For a week
      Bloomberg; PHOTO: BLOOMBERG  -  758 words
    • Article
      Lock icon West needs to exert more pressure on Thai junta
      1045 21  -  By PAVIN CHACHAVALPONGPUN The writer is an associate professor at Kyoto University’s Center for South-east Asian Studies NYT OVER the past two months, Thailand has been wrenched backward into a dark age. In May, partisan judges forced prime minister Yingluck Shinawatra
      NYT  -  1,045 words
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  • Article
    Lock icon SHIPPING TIMES
    2264 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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      54 22 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times PLACE YOUR AD HERE THE BUSINESS TIMES Shipping Times CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The
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      155 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 FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4061 24 Transaction date: Jul 1 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 97.5 69 ABR 13.3 10.4 8Telecom Div Gr Yld Net M Cap High 163.3 130.4 AIMSAMP Cap Reit
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      Lock icon SGX CATALIST
      433 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) High Low Buyer
      433 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10508 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited 1.57/ EM Local Ccy Bond Aberdeen Asset Mat Asia Limited Global Emerging Markets!** P (*c China Opportunities USD!** Global Emerging Markets USD Global Opportunities USD India Opportunities USD!** China Opportunities
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      Lock icon GLOBALQUOTE
      236 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 Last Vol 343 215 TanChongInt HK330 -2 186 332 330 329 332 9.7 3.2 3.2 6645.9 DISCLAIMER: All information is published “as is” without warranty of any
      236 words
    • Article
      Lock icon SGX ETF
      1121 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 $mil 116 108.3 ABF SG Bond ETF 115.2 +0.1 5 115.2 115.2 115 115.2 525.9 135.5 119 CIMB APAC Div 100S$D 131.4 -0.2 131.4 131.4 130.2 132.7
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  • FINANCE & COMMODITIES
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      Lock icon SGX DERIVATIVES TRADING
      647 26 Jul 1 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.64 *****.08 *****.87 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****4 Dec14 *****.00 0 ***** MSCI TAIWAN INDEX FUTURES SPOT 337.66 340.76 336.53 Jul14 332.10 336.60 331.80 335.70 ***** *****6 Aug14 329.50 333.50 329.50 333.20
      647 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Jun 30 Index Change Change Change Change Change Change World Preliminary 1235.6 0.0 4.3 0.0 3.7 0.2 5.0 EAFE Preliminary 968.9 0.0 1.3 0.1 1.6 0.3 3.0 Europe Preliminary 1394.2 -0.1 2.9
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Jul 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.009 5.866 0.691 7.328 56.832 112.325 0.960 9.562 3.033 1.079 93.302 41.231 1.179 10.044 0.839 28.300 30.629 0.553 0.946 Canada 0.991 5.814
      471 words
    • Article
      Lock icon SIBOR
      39 26 Jul 1 (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 Jul 1 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 1.125 01-Apr-16 101.29 5-Year NX*****W 2.5 01-Jun-19 106.5 106.63 106.40 10-Year NX*****H 2.750 01-Jul-23 103.83 104.00
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    • Article
      Lock icon PRECIOUS METALS
      122 26 Jul 01 GOLD(US$/oz) Jun 30 Jun 27 Hong Kong 1313.00 1320.00 Jun 30 Jun 27 London 1316.50 1319.09 1317.35 1319.69 Source: Thomson Reuters CAST BAR Jul 01 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 51 5gm 317 263 10gm 591 528
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    • Article
      Lock icon PALM OIL
      57 26 Jul 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2405.0 2435.0 2443.0 2402.0 148 1514 Aug 14 2413.0 2431.0 2436.0 2398.0 1717 ***** Sep 14 2395.0 2419.0 2425.0 2385.0 ***** ***** Oct 14 2397.0 2416.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Jul 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1789 1.1793 0.9454 0.9456 Canadian dollar 1.1684 1.1691 0.9375 0.9369 Euro 1.7073 1.7075 1.3691 1.3692 NZ dollar 1.0924 1.0926 0.8760 0.8761 Sterling pound 2.1320 2.1328 1.7097 1.7102
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Jul 01 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.201 1.144 Can dollar 1.189 1.144 Euro 1.746 1.663 Sterling pound 2.172 2.089 NZ dollar 1.118 1.075 US dollar 1.271 1.211 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      158 26 Jul 1 $S Offer Bid 0vernight 0.05 0.03 1-month 5/16 3/16 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.05 US$ 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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    • Article
      Lock icon CHICAGO BOT
      109 26 Jun 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1400.50 1432.00 1448.00 1372.75 Aug 14 1329.75 1378.00 1390.00 1314.25 Sep 14 1193.75 1266.00 1274.75 1188.00 Nov 14 1157.25 1228.00 1236.00 1151.50 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 30 COCOA (£/tonne) Close Prev High Low Jul 14 1979 1988 1992 1969 Sep 14 1948 1958 1962 1941 Dec 14 1929 1937 1941 1919 Mar 15 1919 1927 1929 1909 COFFEE(US$/tonne) Close Prev High Low Jul 14 1998 2026 2009 1973 Sep 14 2016 2034 2023 1970
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1054 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 17 0.3 1 15 1.03 48 Asia-Pacific Strategic W*****6 3.5 unch 1169 1 2 58 Acma Ltd W*****7 Exer Albedo Limited W*****9 Prem Asiatic Grp(Hldgs) Ltd W*****5 2.2
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Jun 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.57 -0.73 WTI (Near Mth) 105.35 -0.34 Dubai (1-Mth F) 108.68 -0.56 Tapis blend 114.97 -1.08 Minas 110.57 -1.08 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.78 -0.03 Jet Kerosene 121.59 -1.21 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Jul 1 S$ Bid Offer 1-month 1.2470 1.2471 2-months 1.2470 1.2471 3-months 1.2469 1.2470 6-months 1.2467 1.2468 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 26 Jun-30 Jun-30 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1856.75 1849.75 3 months 1891.00 1885.00 Copper, Grade A(US$/tonne) Cash 7041.00 6976.00 3 months 7015.00 6945.00 Lead(US$/tonne) Cash 2144.00 2136.00 3 months 2173.00 2161.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words
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      115 27 Be driven to raise your game Go straight from terminal to tee with our Chauffeur-drive service. You’ll arrive feeling calm and collected, ready to take your performance to a new level. emirates.com/sg For more details, visit emirates.com/sg, call us at 6622 1770 or contact your travel agent. Chauffeur-drive service in
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  • executive Money
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      Lock icon Property weighs down S’pore stocks: UBS
      848 28  -  Bank renews call to clients to maintain a long position on risk assets, writes GENEVIEVE CUA writes GENEVIEVE CUA gen@sph.com.sg UBS has called an underweight on Singapore equities, which are seen to be weighed down by concerns over a weak property sector and a
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      Lock icon Japan’s seniors a boost for Asian bonds
      898 28 Bloomb erg [SINGAPORE] Asian bonds are reaping the benefits of Japan’s ageing population like never before. Record amounts of Japanese cash are flowing into the region’s fixed-income markets as the demands of the world’s oldest population force the nation’s pension funds to load
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      Lock icon Brisk business for Thai moneylenders amid high household debt
      743 28 Reuters [BANGKOK] “Business is great,” said Aoy, a moneylender who charges a whopping 10 per cent monthly interest but finds plenty of takers in Thailand, where a huge pile of household debt is complicating the military government’s efforts to revive a
      Reuters  -  743 words
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      Lock icon Decoding of bond secrets puzzles Wall St
      1353 27 FTN’s duo correctly ask investors to ignore consensus calling for bond sell-off this year EXECUTIVE MONEY Bloomberg AFTER travelling to Memphis, Tennessee, pay respects to Elvis Presley at Graceland, then take a short drive to FTN Financial to partake in some of the
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      Lock icon BRIGHT SPOTS ON THE HORIZON
      1197 1  -  Malminderjit Singh msingh@sph. com.sg @MalminderjitBT HE offshore and marine sector in Singapore has a tough act to follow this year, after a successful 2013. Not only did the industry set a new record in newbuild rig construction and delivery last year, it maintained its total
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      Lock icon Offshore sector still buoyant
      935 2  -  This segment of the marine industry has been able to attract liquidity as banks realise there’s a lot of potential, writesABHISHEK ABHISHEK PANDEY The writer is managing director and head of shipping finance for South-east and South Asia at Standard Chartered Bank THE Year of the
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      Lock icon Bright prospects for LNG bunkering
      1030 4  -  Singapore has become the leading Asian nation to develop a major LNG trading hub. RYANreports PHILIP RYAN The writer is marine engineering and LNG consultant, London Offshore Consultants (LOC), Singapore mmTHE stability of modern Singapore as a nation has always rested on clear economic and
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      Lock icon Strategies for new market ventures
      3172 6 AS oil majors around the world prepare to slow down their spending on exploration and production (E&P) activities, some national oil companies (NOCs), including those in the region, are increasing their capital expenditure. This trend presents opportunities for offshore and marine companies here both for
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      Lock icon Offshore equities market set for takeoff
      1395 8  -  Singapore’s attractiveness as a capital market for the offshore sector is growing and prospects look bright with the increasing demand for oil and gas. By WONG KOON MIN, LAO MEI LENG Mr Wong is director, and Ms Lao, partner, at Moore Stephens LLP OVER
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      Lock icon Pointing the way forward in seismic surveys
      768 10  -  Ocean Bottom Nodes are the latest in seabed recording and data storage technology, writesKJELL KJELL GAUKSHEIM The writer is CEO, Nordic Maritime (Singapore) FAVOURABLE oil market fundamentals and high oil prices have led to increasing exploration and production spending and demand for better
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      Lock icon India looks beyond its shores
      646 12 As the oil and gas industry continues to thrive, state-owned companies are pitching for business in the global arena INDIA is the world’s second most populous country at 1.2 billion people but it is set to leapfrog China in about 10 years’ time as the
      PHOTO: BLOOMBERG  -  646 words
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      136 1 CONTENTS Offshore sector still buoyant I PAGE 2 Bright prospects for LNG bunkering I PAGE 4 Strategies for new market ventures I PAGES 6 7 Offshore equities market set for takeoff I PAGES 8 9 MEO MEO MICLYN EXPRESS OFFSHORE DELIVERING OPERATIONAL EXCELLENCE FTTfesiEi eh MEORANGER O’- 9 I afo*
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      103 2 r //i I i CONCEPT, FEED AND EPC rlBassS 'i <1 SERVICES •I r c?—L 1 W -J1 AIBEL DOES IT A) SSW H ■a >- i: r»Wt aibG 3 lift «1S I ft > A Lfcl ■|*S /i tk ,/i .4 3 k r' T in k Vr B
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      180 2 2| 9 m PEOPLE ARE AT THE OF ALL WE DO As a leading provider of manpower and catering services to the oil and gas industry, relationships and partnerships matter most to Ponco. Established in 1972, Ponco has over four decades of experience in manpower services to onshore and offshore
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      403 3 fA -.M ft 4 SWM >1 leading global trg t ■x i ss ■v X, tec* Ifefii x H£ K ?s7i* :«r IBS «SLI in K r '^81 B 1 BrjjwJfl n I:, i* ■/> t u nr 2 III I Sis sranSESS 1 r»i me:s Jgil I «*r i
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      114 4 V > Ii i ■> a* »r a r t. k m •V' S ■ar :r Making our mark on the offshore support industry A perfect blend of experience and passion. An acknowledged provider of integrated solutions in the offshore support services sector, Pacific Radiance has a fleet of over
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      140 5 POSH XANADU POSH ARCADIA INTRODUCING THE NEW POSH 750 ACCOMMODATION SERIES EQUIPPED WITH DYNAMIC POSITIONING (DPS) AND MOTION COMPENSATED GANGWAY. ENABLING THE “WALK TO WORK” CONCEPT AND PROVIDING BEST IN CLASS SAFETY, COMFORT AND HOSPITALITY AMENITIES FOR 750 OFFSHORE PROFESSIONALS. 0 it PROVIDING FOR HEALTH AND WELLNESS TELESCOPIC GANGWAY FOR
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      153 7 A f\' i yfl Held Alongside: v U It 2014 The 20th International Oil Gas Industry Exhibition Conference SINCE 1976 THE PLATINUM EDITION 2-5 December 2014 Tuesday Friday Basement 2, Level 1 3 Marina Bay Sands. Singapore The Catalyst for Asia’s Oil Gas Industry Biggest ever showcase with over 1,500
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      237 7 THE WIRE ROPE SPECIALIST We have the Ropes Expertise to solve your needs...serving the •Shipping/Marine ©Offshore Exploration ©Crane/Construction/ Established Piling ©Logging other Industries with Quality, Reliability Prompt services 1969 Wire ropes for drill/anchor line cranes 1 1 tsdMsi a 9 L TING GEAR RIGGING rfARQWARE Manufacture Wire Slings 1.5mm to
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      225 8 4U Asiatec Service that speaks quality IT’S ALL ABOUT DOING WHAT WE ARE GOOD AT We help our clients across the Asia Pacific region excel in their businesses. Through our years of industry experience, we have gained extensive knowledge, expertise and a global network to enable us to provide a
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      209 9 Our Strong bonds Are The Building blocks Of Success a At Cable Accessories Networks (CAN), a specialist in cable management products and services, we believe in doing our utmost to earn the trust of our esteemed clients in the offshore, marine and industrial sectors. To strengthen our bonds with them,
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      131 10 FOCUSED ON INNOVATION. COMMITTED TO Jfc Nomex® Blend Hoods Personal Escape Mask APJIK'HJ Oil Gas Gloves CPA I. At Koma, we believe there is simply no compromise when it comes to safety. Which is why we have been one of the most trusted names in the safety industry since 1973.
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      234 10 <c 1 i Pfun ie B F I 1 I f m i i t V 'ATERWAY VIEWS for Lease 0 !f 0 i f F£ <5 '5 \t\fL *.>? i. -jS» 15S /s t CAPE ROYALE An iconic landmark in Sentosa Cove Splendid views of the marina and or
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      200 11 Vallianz A LEADING GLOBAL COMPANY IN THE OFFSHORE MARINE INDUSTRY Vallianz Holdings Limited Vallianz is a vessel and equipment owning company listed on the SGX-Catalist, providing marine support services, primarily vessel ownership, leasing and fleet corporate management. Headquartered in Singapore, we have a strong board and management team comprising of
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