The Business Times, 5 July 2014

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Total Pages: 41
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JULY 5-6, 2014 S$1.00| MCI (P) 086/08/2013 I Sfjl A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • Article
    Lock icon Medisave contribution to go up
    34 1 CIVIL SERVICE FROM next January, about 85 per cent of Singapore’s 82,000 civil servants will get at least twice the amount they are already receiving in Medisave contributions. 2
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  • Article
    Lock icon Subianto takes fight to Java
    39 1 INDONESIAN POLL SEIZING on a seismic shift in public opinion, Prabowo Subianto plans to take the fight to become Indonesia’s second directly elected president deep into his rival Joko Widodo’s central Java heartland. 4
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  • Article
    Lock icon China’s Web giants find a way
    31 1 SOCCER BETS CHINA’S Internet giants and insurance companies are finding ever more innovative ways to get around strict betting laws and reap a payout. 6
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  • Article
    Lock icon Govt to respond to COI report
    31 1 PARLIAMENT THE government will give its response to the Committee of Inquiry’s report on last December’s Little India riot when Parliament sits on Monday.| 14
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  • Article, Illustration
    Lock icon Global economies need structural reform
    812 1  -  Singapore, still on a productivity push, can’t be called an advanced economy yet: Tharman By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore TRUCTURAL reform was foremost on Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam’s mind yesterday, as he delved into the complex issues and risks that
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  • Article, Illustration
    Lock icon A great way to enjoy Formula 1 Singapore race
    773 1  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore TITLE sponsor Singapore Airlines (SIA) has teamed up with race promoter Singapore GP (SGP) to roll out Formula 1 Singapore Grand Prix packages aimed at boosting traffic on the carrier during the race week, in
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  • TOP STORIES
    • Article
      Lock icon More Medisave contribution for civil servants
      485 2  -  Some 85% of them to get additional 2 per cent of their pay from Jan; govt pensioners to also get something extra By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore FROM next January, about 85 per cent of Singapore’s 82,000 civil servants will get at least
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    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 HSTI 3,272.25 (-0.90) GSTI FUTURES 3,269.00 (+1.00) GSIMSCI 372.96 (+0.55) GSIMSCI FUTURES 372.90 (+1.00) STOCKS Friday Change KL COMP 1,884.91 -3.78 NIKKEI 225 15,437.13 +88.84 HANG SENG 23,546.36 +14.92 SET 1,495.83 +2.62 JAKARTA 4,905.83 +17.09 MANILA 6,962.28 +62.97 KOSPI 2,009.66 -1.31 SHENZHEN B 846.32 +1.51 MUMBAI IND 25,962.06 +138.31
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.428 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.715 2.138 EURO (US$/S$/€ 1.359 1.694 Foreign currency per US$ S$ YEN 102.00 81.80 RM 3.185 2.555 HK$ 7.751 6.217 BAHT 32.39 25.98 RUPIAH 11,868 9,520 RENMINBI 6.205 4.977 INDIAN RUPEE 59.77 47.95 A$ 1.069 0.857 NZ$ 1.144 0.918
        49 words
    • Article
      Lock icon Property prices could dip further: Tharman
      418 3  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore DEPUTY Prime Minister and Finance Minister Tharman Shanmugaratnam has raised the possibility of a further correction in property prices. He told a conference yesterday: “I think further correction would not be unexpected.” He told a conference that Singapore
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    • Article, Illustration
      Lock icon Why over-insuring is not that assuring
      814 4  -  COMMENTARY By Claire Huang huangjy@sph.com.sg MUCH has been said about the strengths and weaknesses of the long-awaited recommendations crafted by the ediShield Life Review Committee, but one issue has stuck out like a sore thumb: the overbuying of Integrated Shield Plans (IPs). In the
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    • Article, Illustration
      Lock icon Subianto takes fight to Widodo’s turf as polls show shift
      584 4  -  By Jeffrey Hutton btworld@sph.com.sg Jakarta SEIZING on a seismic shift in public opinion, former general Prabowo Subianto plans to take the fight to become Indonesia’s second directly elected president deep into his rival Joko Widodo’s heartland in Central Java. It
      PHOTO: REUTERS  -  584 words
    • Article, Illustration
      Lock icon A safe and friendly Brazil invites you
      878 5  -  SATURDAY SOAPBOX Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Correspondent SO, the World Cup is well into its knock-out stages. With a list of enthralling fixtures lined up, some of you may be thinking of heading to Brazil now to catch them provided you get tickets
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    • Article, Illustration
      Lock icon The BT-Coca-Cola World Cup Charity Drive
      287 6 Argentina vs Belgium (12mn) JULY 6 Wolfgang Baier Group CEO, Singapore Post Ltd The last 8 are top of the class and more evenly matched, so don’t expect any easy games. Belgium have been touted as one of the dark horses to win the
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    • Article, Illustration
      Lock icon China firms help punters bet on World Cup
      841 6 Alibaba, Tencent link up with govt lotteries; insurer offers policy offering Taobao credit AFP Beijing CHINA’S Internet giants and insurance companies are finding ever more innovative ways to get around the country’s strict betting laws and reap a payout as fans wager
      AFP; PHOTO: REUTERS  -  841 words
    • Article, Illustration
      Lock icon Well-respected US journalist retires at 85
      1154 7  -  A Warren Buffett expert, Carol Loomis boasts a collection of work on Wall Street after 60 years at Fortune magazine By Christine Haughney NYT New York IN January 1954, a bright-eyed 24-year-old from Cole Camp, Missouri, walked into Fortune magazine’s offices at Rockefeller Center
      NYT; PHOTO: NYT  -  1,154 words
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      47 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-12 S’pore Markets 12 Singapore 14-15 World 16-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Design L2-4 Beauty/Wellness L5-6 Dining L7-9 Golf L10-11 Home Garden L12-13 Motoring L14-15 Dining L16 Real Estate 31
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      256 5 FLUX DRIVE The Smart Way To Save Energy Go Green! The Flux Drive is an easy-to-install, soft-start coupling with a patented induction rotor technology and SmartPOWER adjustment feature that protects your equipment, improves performance and saves energy! SmartCOUPLING BENEFITS: o Reduces power consumption (by 15% to 50%) o Soft start
      256 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The storyteller professor
      2001 8 / 9  -  IMD business school president Dominique Turpin uses real-life stories in his executive education classes to pique his students’ interest. By Lee U-Wen By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Dominique Turpin vividly recalls the day when, at the tender age of 29, he had to teach his first executive
      PHOTO: ARTHUR LEE  -  2,001 words
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  • COMPANIES
    • Article
      Lock icon Asean airports seen gaining from China tourism
      410 10  -  Barclays expects rising incomes, less-restrictive travel rules to underpin China’s long-term growth in outbound travel By Raphael Lim raphlim@sph.com.sg Singapore ASEAN airports are well-placed to capture the long-term structural growth in outbound Chinese tourism, says a Barclays research report on the investment outlook
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    • Article, Illustration
      Lock icon Hiap Hoe and Aspial to launch luxury apartments in Melbourne
      503 10  -  By CAI YONG caiyong@sph.com.sg Singapore TWO Singapore property developers have announced the launch of their Melbourne projects, both touting luxury apartments with dramatic views as selling points. Mainboard-listed Hiap Hoe is selling residential units at its Marina Tower Melbourne, located
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    • Article
      Lock icon Offshore interest in Chinese equities boosts SGX China A50 futures
      476 10  -  By Sheena Tan tsheena@sph.com.sg Singapore REFLECTING the recovery of offshore interest in Chinese equities, the open interest of the Singapore Exchange (SGX) China A50 Index Futures surged to a 17month high last month. An SGX market update said that the
      476 words
    • Article
      Lock icon M1 wins tender for Digital TV Assistance Scheme
      257 11  -  Telco will supply and install equipment for low-income households By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore M1 WILL supply and install digital television equipment for low-income homes under a programme to provide them with continued reception of free-to-air TV channels after Singapore switches
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    • Article
      Lock icon Indonesia’s Japfa planning S’pore IPO: sources
      147 11 Bloomberg Singapore JAPFA Ltd, controlled by Indonesia’s Santosa family, plans to raise at least US$250 million from an initial public offering in Singapore, said people with knowledge of the matter. The company is currently gauging investor demand for the share sale and plans to
      Bloomberg  -  147 words
    • Article
      Lock icon Another step forward for APS transformation plan
      397 11  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore ASIA-PACIFIC Strategic Investments’ (APS) strategic shift out of the funeral services business and into the mining industry has moved another step forward. The Catalist-listed firm said it is selling its entire interest in HMS Capital Sdn Bhd
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    • Article
      Lock icon JES to acquire 51% stake in Scibois
      275 11  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore MAINBOARD-listed JES International, a Chinese shipbuilding firm, announced yesterday that it has entered into a deal to buy 51 per cent of Scibois Co Limited. The sale and purchase agreement was signed with the current owners, father-and-son
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    • Article
      Lock icon Intraco to take 70% stake in KA Group for $16.6m
      320 11  -  By Carine Lee carinel@sph.com.sg @CarineLeeBT Singapore INTRACO Limited has entered into a deal to acquire a 70 per cent stake in fire protection specialist KA Group for $16.6 million. The Singapore-listed trading company yesterday said it has signed a conditional
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    • Article, Illustration
      Lock icon Dow’s topping of 17,000 fails to rub off on STI
      681 12  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE Dow Jones Industrial Average may have closed above 17,000 for the first time on hursday, but the impact here was muted, to say the least, with trading this week remaining firmly in
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    • Article
      Lock icon OCBC’s takeover bid for Wing Hang now ‘unconditional’
      270 12  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore OCBC Bank said yesterday that its takeover bid for Wing Hang Bank has become “unconditional” now that it holds over half of the family-owned Hong Kong lender’s shares. In a regulatory filing to the Singapore Exchange,
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    • Article
      Lock icon STI STOCKS
      117 12 Stock name Close Change Ascendas Reit 2.320 -0.010 CapitaLand 3.180 -0.020 CapitaMall Trust 1.940 -0.010 CityDev 10.180 -0.070 ComfortDelGro 2.510 +0.020 DBS Grp 17.080 +0.060 Genting Sing 1.330 Global Logistic 2.700 +0.030 Golden Agri-Res 0.550 -0.005 HPH Trust USD 0.725 HongkongLand USD 6.660 JMH 400 USD 59.500 -0.560
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    • Article
      Lock icon Transcu plans capital reduction to write off losses
      347 12  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore TRANSCU Group plans to undertake a $734.38 million capital reduction exercise to rationalise its balance sheet to better reflect the value of its underlying assets. The firm, which has been on the Singapore Exchange’s watchlist since
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    • Article
      Lock icon TOP 20 ACTIVES
      235 12 VOL CLOSE KLW W*****0 261 ,363 0 .3 0 .0 0 .0 Polaris 1 45 ,834 2 .4 0 .0 0 .0 Va l l i anz 1 43 ,745 1 4 .2 0 .7 5 .2 Transcu Grp 1 09 ,919 0 .2 0 .0 0
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    • Article
      Lock icon TOP GAINERS
      68 12 TOP GAINERS BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 123.4 0.8 SPDRS S&P 500 10US$ ***** 123.4 0.5 SPDR DJIA 10US$ ***** 82.3 0.4 DBXT E50 10US$ 5564 43.6 0.6 DBXT FTVietnam 10US$ 2765 41.1 1.2 DBXT iBoxxUSTr 5US$ ***** 38.6 0.2 DBXT Nifty 10US$ ***** 34.9
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    • Article
      Lock icon TOP LOSERS
      67 12 BY CENTS CLOSEDOWN DBXT EONIA 5US$ ***** -110.9 -0.5 DBXT iBoxxSvEu 5US$ ***** -98.5 -0.3 JMH 400 USD 5950 -69.8 -0.9 DBXT AUD Bonds 5AU$ ***** -67.8 -0.3 JSH 500 USD 3610 -57.3 -1.3 DBXT AUDCS 5US$ ***** -56.1 -0.2 DBXT AUDCS 5SG$ ***** -55.0 -0.2 DBXT MSKorea
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      Lock icon Page 13 Advertisements Column 1
      2447 13 /\RM/\RD/4 GROUP Armarda Group Limited (Incorporated In Bermuda) Company Registration No. ***** NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2014 Annual General Meeting of Armarda Group Limited (the “Company”) will be held at Ficus 1, Level 2, Jurong Country Club, 9 Science Centre Road, Singapore *****8
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  • SINGAPORE
    • Article
      Lock icon Govt to respond to riot committee’s report
      537 14  -  Monday’s Parliamentary sitting will also deal with MediShield Life, new public bus model, CPF and other issues By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT THE government will give its response to the Committee of Inquiry’s (COI) report on last December’s Little India riot when Parliament
      537 words
    • Article, Illustration
      Lock icon Floating hawker centre on the grill
      331 14  -  By Raphael Lim raphlim@sph.com.sg FANCY a steaming bowl of laksa while feeling a cool breeze coming off a waterway around you? This could soon be a reality if Spark Architects gets its way. The company, whose projects include the redevelopment of Clarke Quay and
      331 words
    • Article
      Lock icon Financial literacy help for 80 Muslim kids
      343 14  -  By Sheena Tan tsheena@sph.com.sg CHILDREN in low-income Muslim families, especially families in debt, will be put through a financial literacy programme put together by Citi, Citi Foundation and the Sim Kee Boon Institute for Financial Economics of the Singapore Management University (SMU). The
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    • Article, Illustration
      Lock icon Scale and branding key to business growth in China
      591 15  -  McDonald’s China CEO shares key lessons with participants at IE Singapore dialogue By Amanda Eber aeber@sph.com.sg EFFECTIVE management of both scale and branding is essential for businesses to achieve sustainable growth in China, according to Kenneth Chan, CEO of McDonald’s China.
      591 words
    • Briefing
      • Article
        Lock icon Environment-impact study for rail line
        65 15 THE Land Transport Authority has picked Environmental Resources Management (S) Pte Ltd to carry out an environmental-impact assessment for the part of the Cross Island rail line around the Central Catchment Nature Reserve. The study, to involve examining the ecosystem and the environmental impact from
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      • Article
        Lock icon WDA partners SMU on skills qualification
        46 15 THE Singapore Workforce Development Agency has appointed the Singapore Management University as its first university partner in offering the Singapore Workforce Skills Qualifications human resources, leadership and people management. Those in leadership and people management start in Q1 next year.
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      • Article
        Lock icon Wee Hur clinches Woodlands Ave 12 site
        54 15 THE Urban Redevelopment Authority has awarded the tender for an industrial site in Woodlands Avenue 12 to Wee Hur Development, which submitted the highest bid of $76.9 million, or $72.85 per sq ft per plot ratio (psf ppr), lower than consultants’ projected range
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    • Article
      Lock icon Three breached SingPass accounts used fraudulently to apply for six work passes
      217 15  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT THREE of the 1,560 SingPass accounts found to be breached last month were used to make six fraudulent work pass applications, the Ministry of Manpower (MOM) and the Infocomm Development Authority of Singapore
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      Lock icon Page 15 Advertisements Column 1
      174 15 FREEHOLD Price from S$69K up £fc? as as a» a? a* as a=» a» as as i' 1 as as a* AtegaMi SSHANG PROPERTIES® /A subsidiary of the Shangri-La Hotel Resorts Group THE RISE MAKATI Why Philippines Property is now the Hottest Pick in Asia? Pre-Launch for Shang’s newest residential
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  • WORLD
    • Article
      Lock icon Intense struggle for Asia bond supremacy
      697 16 HSBC leads with 1 2.5% this year, followed by Citigroup with 1 1 .1 the closest battle since 2009 Bloomberg Singapore COMPETITION to underwrite record bond sales in Asia is the most intense in five years as more banks seek business in the world’s
      Bloomberg  -  697 words
    • Article, Illustration
      Lock icon Shun Bitcoins for now, EU urges banks
      433 16 Bloomberg London EUROPEAN Union (EU) banks should shun virtual currencies such as Bitcoin until a system of rules to prevent abuses is put in place, according to the bloc’s top banking regulator. The European Banking Authority (EBA) called on the EU to develop
      Bloomberg; PHOTO: REUTERS  -  433 words
    • Article
      Lock icon Cameron aims for big ‘no’ in Scottish referendum
      442 16 Bloomberg London WITH polls showing Scotland set to reject independence in a referendum in less than three months, Prime Minister David Cameron’s team is turning its focus to delivering a “no” vote big enough to kill the question over the long term.
      Bloomberg  -  442 words
    • Article, Illustration
      Lock icon Merkel making China trip with top execs in tow
      572 17 Corporate chieftains hope to sign deals in Beijing that could further cement bilateral business ties AFP Berlin GERMAN Chancellor Angela Merkel heads to China this weekend for her seventh visit, eager to deepen trade and investment ties between the export powerhouses
      AFP; PHOTO: AFP  -  572 words
    • Article
      Lock icon 70,000 ask Google to forget them
      478 17 AFP London MORE than 70,000 people have already asked Google to delete links about them under Europe’s “right to be forgotten” ruling, with some of the world’s biggest news sites the first to be hit. The search engine has restricted access to a BBC
      AFP  -  478 words
    • Article
      Lock icon Australia rare earths firm set for steady output
      651 18 CEO says Lynas Corp expects to achieve its initial output rate target by December Reuters Kuantan AUSTRALIA’S Lynas Corp, one of only two rare earths producers outside China, expects to reach its initial output rate target by December at the latest which
      Reuters  -  651 words
    • Article, Illustration
      Lock icon London cabbies haul Uber drivers to court
      447 18 LATWP London THE Licensed Taxi Drivers Association (LTDA) has filed criminal proceedings in London against six Uber Technologies drivers, blocking transport officials from seeking guidance from a civil court on the mobilephone app. The move is the latest by local taxi drivers to
      LATWP; PHOTO: AFP  -  447 words
    • Article, Illustration
      Lock icon Capital markets union could be next thing in EU’s in-tray
      846 19 Move to tighten grip on financial markets may stoke anti-EU sentiment in UK Reuters London THE European Union (EU) may seek to tighten its grip over financial markets to help find funds to boost economic growth, a move that could
      Reuters; PHOTO: BLOOMBERG  -  846 words
    • Article
      Lock icon Political risk drags down German industrial orders
      215 19 Reuters Berlin GERMAN industrial orders fell in May for the first time in two months and more sharply than expected due to a perceived increase in geopolitical risk, the Federal Statistics Office said yesterday. Domestic orders as well as those from overseas were
      Reuters  -  215 words
    • Article, Illustration
      Lock icon Japan appoints women to top ministry posts
      460 20  -  Newly-created Personnel Bureau kicks off ‘womenomics’ By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN announced a slew of new appointments of high-level government officials yesterday, including former Morgan Stanley lawyer Kazumi Okamura as the first woman to head a bureau at the Ministry of Justice
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    • Briefing
      • Article
        Lock icon Former tabloid editor jailed for phone taps
        144 20 Bloomberg London ANDY Coulson, the former editor of News Corp’s News of the World, was yesterday sentenced to 18 months in prison for conspiring to hack the phones of celebrities, the royal family and politicians. Judge John Saunders said the 46-year-old Coulson, who
        Bloomberg  -  144 words
      • Article
        Lock icon EC to probe Luxembourg on tax competition
        145 20 Reuters Luxembourg THE European Commission is widening its probe into how multinationals use countries such as Luxembourg to cut their tax bill, an official said yesterday. Last month, the commission warned Ireland, another EU country that offers companies offshore tax status, that it
        Reuters  -  145 words
      • Article
        Lock icon Thai power producer EGAT to go regional
        122 20 Reu ters Bangkok STATE-OWNED power producer Electricity Generating Authority of Thailand (EGAT) plans to venture overseas and could invest 17 billion baht (S$654 million) in expanding into Laos, Vietnam, Indonesia and other regional markets, a group executive said. EGAT will be joining private
        Reuters  -  122 words
    • Article
      Lock icon Qantas delays debt till 2019 for major revamp
      357 20 Bloomberg Sydney Qantas Airways is cutting the amount of unsecured debt it must repay within three years by 47 per cent, buying itself time to focus on flying. Australia’s largest airline is paying A$724 million (S$843.5 million) of bonds and loans early
      Bloomberg  -  357 words
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      679 17 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PREMIER THAI TRADITIONS RESTAURANT PTE LTD (Company No: *****1879E) (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap.
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8208 21 Transaction date: Jul 4 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.3 10.4 8Telecom 12.5 11.5 14 6.3 1 16.2 59.9 20 5.1 A-Sonic Aero 8.3 unch 519 8.4 8.3 8.2 8.3
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    • Article
      Lock icon SGX CATALIST
      2023 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32 23 t 3Cnergy 500 29.5 29 29.1 28.5 19.2 t 800 Super 26 24 26 3.2 3.8 8.1 46.5 4.5 2.6 t AA 2.9
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 5 0 0 0 6 4 5 Manufacturing 46 47 41 10 7 9 56 54 50 Commerce 19 24 23 9 4 4 28 28 27 Tpt/Stor/Comms 13 20 8
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      792 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 30 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) China Yuanbang Prop 03-Jul-14 Chen Jianfeng *Buy 100 0.15 ***** 5.44 ***** 5.46 Chew's Grp 02-Jul-14 Chew
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,116 16,116 35,802 35,802 Manufacturing 383,637 297,774 681,411 98,462 15,870 114,332 Commerce 71,294 284,194 355,488 45,348 30,416 75,764 Tpt/Stor/Comms 172,133 1,658 173,791 120,596 212 120,808 Finance 28,015 217 28,232 157,439 65 157,504 Construction 43,422 66,874
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Jul 3 COCOA (£/tonne) Close Prev High Low Jul 14 1954 1957 1974 1951 Sep 14 1927 1931 1948 1923 Dec 14 1907 1914 1929 1903 Mar 15 1897 1904 1919 1894 COFFEE(US$/tonne) Close Prev High Low Jul 14 2065 2047 2076 2055 Sep 14 2068 2047 2085 2053
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    • Article
      Lock icon METALS
      68 25 Jul 04 GOLD(US$/oz) Jul 04 Jul 03 Hong Kong 1324.00 1326.00 Jul 03 Jul 02 London 1318.30 1328.91 1319.10 1329.68 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 26.81 26.04 Source: UOB PLATINUM Lon (US$/oz) Jul 03 Close Previous PM Fix 1502.00 1511.00 AM Fix 1506.00 1509.00 Source:
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Jul 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.192 1.136 Can dollar 1.193 1.148 Euro 1.735 1.653 Sterling pound 2.179 2.096 NZ dollar 1.115 1.073 US dollar 1.272 1.212 Local dollars to 100 units of foreign currency: Currencies Sell
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        19 25 YTD change:+3.31% 52-week high: 3,311.44 on June 9,2014 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Hang Seng Index
        21 25 YTD change: +1.03% 52-week high: 24,111.55 on Dec 2,2013 52-week low: 20,244.07 on July 8, 2013 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        22 25 YTD change: -2.68% 52-week high: 2,270.27 on Sept 12,2013 52-week low: 1,946.37 on July 9, 2013 Source: Bloomberg
        Source: Bloomberg  -  22 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 25 YTD change: -5.24% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 13,188.14 on Aug 28,2013 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 25 YTD change: +2.97% 52-week high: 17,074.65 on July 3,2014 52-week low: 14,719.43 on Oct 9,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
    • Article
      Lock icon PALM OIL
      57 25 Jul 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2458.0 2458.0 2460.0 2450.0 268 1297 Aug 14 2445.0 2420.0 2451.0 2420.0 600 ***** Sep 14 2426.0 2402.0 2433.0 2399.0 ***** ***** Oct 14 2420.0 2397.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      78 25 Jul 4 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-16 101.27 5-Year NX*****W 2.5 01-Jun-19 106.42 106.50 106.50 10-Year NX*****H 2.750 01-Jul-23 103.38 103.45
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      Lock icon INTERBANK CURRENCY RATES
      155 25 Jul 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1661 1.1670 0.9356 0.9360 Canadian dollar 1.1711 1.1716 0.9397 0.9396 Euro 1.6934 1.6943 1.3586 1.3589 NZ dollar 1.0889 1.0896 0.8736 0.8739 Sterling pound 2.1376 2.1386 1.7150 1.7153
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      Lock icon CHICAGO BOT
      105 25 Jul 3 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 14 1387.75 1392.50 1399.75 1387.00 Aug 14 1299.75 1314.75 1321.50 1297.25 Sep 14 1166.75 1180.25 1186.00 1164.50 Nov 14 1133.50 1141.50 1147.50 1132.75 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 14 38.56 38.47 38.66
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      68 25 Jul 03 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 110.51 -1.05 WTI (Near Mth) 104.04 -0.21 Dubai (1-Mth F) 107.40 -0.52 Tapis blend 112.67 -0.91 Minas 108.27 -0.91 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.86 -1.03 Jet Kerosene 119.69 -1.96 US$/barrel OpecOil Basket Price 107.17
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      Lock icon LONDON METALS
      72 25 Jul 03 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1907.00 1896.75 3 months 1935.00 1923.00 Copper, Grade A (US$/tonne) Cash 7186.00 7139.00 3 months 7175.00 7125.00 Lead (US$/tonne) Cash 2166.50 2179.50 3 months 2195.50 2206.50 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jul 3 Index Change Change Change Change Change Change World Preliminary 1251.6 0.5 5.7 0.3 4.8 0.3 6.1 EAFE Preliminary 985.4 0.6 3.0 0.2 2.9 0.3 4.2 Europe Preliminary 1419.7 0.9 4.8
      373 words
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  • PERSPECTIVE
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      Lock icon Great expectations in China and India
      1060 26 / 27  -  Both governments have high standards to live up to as their people look to their leaders for direction more so than before. By Frank-Jürgen Richter By Frank-Jürgen Richter ~The writer is the founder and chairman of Horasis, a Zurich-based visions community. Horasis hosts annual
      PHOTO: REUTERS  -  1,060 words
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      311 26 / 27 CRYPTIC CROSSWORD Across 8 Cannot, in rush, put back container (8) 9 A maiden accustomed to be tickled (6) 10 Before final letter, make a charge against shipping route (4) 11 Lacking variety when under the weather (3,2,5) 12 Accompanying a learner driver, moreover (6) 14 Gas main? (5,3) 15
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Do hedge funds deserve the fees?
        1356 28 / 29  -  Mostly not, according to Bernard Sabrier, chairman of Unigestion, a Geneva-based fund management firm with US$15.5 billion of assets under management Genevieve Cua gen@sph.com.sg Personal Finance Editor THE majority of hedge fund managers do not deserve the fees they charge, says Unigestion chairman Bernard
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        Lock icon BROKERS’ TAKE
        770 28 / 29  -  Compiled by Cai Haoxiang CapitaCommercial Trust Buy Close: $1.665 May bank Kim Eng Research July 2 WE attended the topping-out ceremony of CapitaGreen, which is on track to complete by the year-end. CapitaCommercial Trust (CCT) also announced that it has secured YTD pre-commit-ment of 21 per cent (150,800
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    • WEALTH REAL ESTATE
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        Lock icon Househunt
        1106 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAY 21 AND MAY 27, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Alex Residences Apt 26/05/2014 99 926 1,488 1,607 Alex Residences Apt 23/05/2014 99 1,044
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        Lock icon Anson House sold for $172m to European fund manager SEB
        537 31  -  This is the fifth time in eight years the office building is changing hands By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT ANSON House was transacted earlier this week at $172 million, BT understands. European fund manager SEB is acquiring the 13-storey office
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        Lock icon Jokowi to lift ban on foreign ownership of apartments if elected
        716 31 Bloomberg Jakarta INDONESIAN presidential hopeful Joko Widodo plans to allow foreign investment in apartments to boost tax revenue, a move that could spur demand for property in the country’s luxury market. Foreign investors would be able to buy apartments
        Bloomberg; PHOTO: BLOOMBERG  -  716 words
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      102 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE UNIQUE ASYMMETRIC STYLING OF THE AUDEMARS PIGUETMILLENARY COLLECTION HAS TRANSFORMED THE WAY DESIGN ENGINEERS DEVELOP CALIBRES. THIS TRIDIMENSIONAL MOVEMENT COMBINES PERFORMANCE AND CHRONOMETRYWITH HAUTE HOROLOGY MICRO-DETAILING. IN THE TRANSVERSAL BALANCE-BRIDGE, OPTIMUM SHOCK-RESISTANCE IS COMBINED WITH THE ELEGANCE OF THE CÔTES
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      57 1 LivingBTTHE BUSINESS TIMES WEEKEND JULY 5 6 2014 MAKING HANDS MEET Learning festival Makers’ Block L2-4 MAKERS BLOCK PHOTO: JOSEPH NAIR BEAUTY/WELLNESS Unmasking natural beauty L5-6 DINING Fresh F&B faces L7-9 MOTORING The ultimate crossover? L15 GOLF Team Citi take early lead L10-11 GUEST CHEF Hideaki Matsuo L16 HOME GARDEN
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  • BT Living
    • DESIGN
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        Lock icon Making hands meet
        2677 2 / 3  -  Nearly 50 participants are featured in the inaugural learning festival Makers’ B l ock as the crafting trend gains recognition i n S’pore. By Tay Suan Chiang l l By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT HOW exciting can cardboard pieces be? Give some to Bartholomew Ting and
        PHOTOS: JOSEPH NAIR, TRI-WALL; PHOTOS: HERBBOT; PHOTOS: E-NABLE SINGAPORE; PHOTOS: LIFE IS TECH; PHOTOS: NIMBUS DESIGN CONSULTANTS, KOH SOO PENG; PHOTOS: JOSEPH NAIR, LUMIERE PHOTOGRAPHY  -  2,677 words
    • BEAUTY/WELLNESS
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        Lock icon Unmasking natural beauty
        1121 5  -  Organic skincare may be becoming more norm than niche, but does going au naturel skincare-wise truly save the earth and your skin? By May Yip By May Yip SWAPPING out a face serum with an ingredient list longer than the telephone book to a cream labelled “organic”
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    • DINING
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        Lock icon Fresh F&B faces
        2854 7  -  Three young entrepreneurs talk about crossing over from the fashion, music and design industries to make their mark as restaurateurs. By Debbie Yong By Debbie Yong debyong@sph.com.sg @DebbieYongBT A whole new roll Frederick Yap Pince and Pints 32-33 Duxton Road Z6225 7558 www.pinceandpints.com Opens Monday WHEN’S the
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        Lock icon Big on the small stuff
        1292 16  -  Japanese chef Hideaki Matsuo is fiercely insistent on having his dishes made from scratch. By Debbie Yong guest chef By debyong@sph.com.sg Debbie Yong debyong@sph.com.sg @DebbieYongBT WHEN it comes to packing for guest chef stints abroad, Japanese chef Hideaki Matsuo is used to forgoing precious suitcase
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    • BT CORPORATE GOLF LEAGUE 2014
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        Lock icon Team Citi take early lead
        726 10 / 11  -  SPH Sultans of Swing is second followed by defending champions SunMoon. By Justine Moss By Justine Moss WHEN round one of this year’s Business Times Corporate Golf League teed off on Sentosa Golf Club’s Tanjong Course this week, it had all the right ingredients to
        PHOTOS: GOLF DIGEST SINGAPORE, PWC SINGAPORE, TAT HONG  -  726 words
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        Lock icon Having a swinging good time
        270 10 / 11 PWC SINGAPORE first participated in the League in its inaugural year as part of the team competition. This year the team of seven is competing in the social category. Says Soh Kok Leong, Partner team captain: “It is an enjoyable, well-organised and well-run event that
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        Lock icon Loyal League supporter gunning for Top 5
        234 10 / 11 TAT HONG (The Crane Boomers) have made a League appearance every year since its inception in 2010 for a number of reasons the challenges the competition brings, an opportunity to be placed in the Top 5 at the end of the six rounds
        234 words
    • HOME & GARDEN
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        Lock icon A love for all things ‘ugly’
        1097 12 / 13  -  Beauty is in the eye of the beholder and Ken Tan has furnished his home with items which some may think unattractive, but are highly unusual and eye-catching. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT CREATIVE director Ken Tan
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    • MOTORING
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        Lock icon SMALL WONDER
        589 14  -  The Volkswagen Golf 1.2 TSI has a small but punchy turbocharged engine. By Samuel Ee samuelee@sph.com.sg THE Volkswagen Golf 1.2 TSI, with a 1.2-litre turbo engine, may be the entry-level Golf but it has better than en-try-level performance. The Golf 1.2 TSI with 105 hp is the most
        589 words
      • Article, Illustration
        Lock icon The ultimate crossover?
        502 15  -  The assistant chief engineer of the striking Lexus NX says the distinctive compact SUV represents the ultimate premium urban sports gear. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE Lexus NX not only has the distinction of being the Japanese luxury brand’s first compact SUV but also
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      788 8 / 9 wine& dine with BTWeekend Peach Blossoms Marina Mandarin Singapore, Level 5 6 Raffles Boulevard Hong Kong Delights Catch up with family and friends or hold your business meeting over authentic Cantonese cuisine at Peach Blossoms this July. Guest chefs from Hong Kong Jockey Club promise to delight with signature dishes
      788 words
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      73 10 / 11 The Business Times CORPORATE GOLF LEAGUE presented by Audi Ajdemars Piguet Hole-In-One Sponsors World Golfers Championship TcRRt Blanche Audi ua jj Sponsors enturion Cmfoi Networking Night Partner Operated by Singapore Media Partner Co-organised by gjgsa PEAK*- GdfDIgSt 3 LT Ace Medici ambient lounge" Services AYUTHAYA BOSS HUGO BOSS ERDINGER fitness
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      216 12 / 13 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer www.shsccentre.com Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or
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