The Business Times, 12 July 2014

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Total Pages: 40
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 12-13, 2014 S$1.00 S$1.00 MCI (P) 086/08/2013 spi A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • Article
    Lock icon Too early to revise targets
    33 1 PRODUCTIVITY PUSH DESPITE gains in sectors such as precision engineering and food manufacturing, the macro figures on productivity are still weak, says Deputy Prime Minister Tharman Shanmugaratnam.| 2
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  • Article
    Lock icon S’pore GLCs do better than market
    23 1 STRONGER SHOW THE NUS-CIMA research linked several drivers of good corporate governance to their better-than-average performance. 3
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  • Article
    Lock icon SPH Reit beats forecasts
    40 1 BIGGER BOUNTY IT posts a distribution per unit of 1.35 cents for the third quarter ended May 31, more than the 1.31 cents forecast in its prospectus when it was listed in July last year. 10
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  • Article
    Lock icon Shophouse demand eases in H1
    35 1 THINNER TRADES TRANSACTION volume drops to 40 from 49 in the second half last year while average transacted prices fall 10.8 per cent, according to a Knight Frank report. 14
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  • Article, Illustration
    Lock icon Shattered records carpet World Cup field
    930 1  -  Sheer number of goals, tickets sales, tweets and a nasty bite all make the event a watershed By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WHATEVER happens in this weekend’s final two games in Brazil, the 2014 World Cup will go down in history as a
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  • Article
    Lock icon LTA says SMRT has $2b in obligations until 2019
    478 1  -  By Samuel Ee samuelee@sph.com.sg RAIL operator SMRT’s financial obligations for the next five years are estimated to be about $2 billion, a sum that includes buying over operating assets and paying for re-sig-nalling works. The Land Transport Authority (LTA) revealed this
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  • TOP STORIES
    • Article
      Lock icon Some sectors seeing productivity gains
      481 2  -  But it is too early to revise national targets for such improvements, says Tharman By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore IT is too early to revise national targets for productivity gains, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam yesterday. Mr Tharman, who is
      481 words
    • Article, Illustration
      Lock icon KL’s three-way bank merger lacks oomph
      652 2  -  COMMENTARY Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent FOR a banker well respected for his dealmaking ingenuity, CIMB boss Nazir Razak’s newly hatched threeway merger plan involving CIMB Group, RHB Capital and Malaysia Building Society Bhd (MBSB) may be big, but it falls short of
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    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 GSTI 3,293.73 (+24.23) GSTI FUTURES 3,290.00 (+24.00) GSIMSCI 375.07 (+3.21) GSIMSCI FUTURES 374.30 (+3.90) STOCKS Friday Change KL COMP 1,883.15 -9.47 NIKKEI 225 15,164.04 -52.43 HANG SENG 23,233.45 -5.54 SET Closed JAKARTA 5,032.60 -65.41 MANILA 6,901.09 -36.12 KOSPI 1,988.74 -14.10 SHENZHEN B 880.69 +15.76 MUMBAI IND 25,024.35 -348.40 11am
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.372 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.241 (US$/S$ per 1.714 2.127 EURO (US$/S$/€ 1.361 1.689 Foreign currency per US$ S$ YEN 101.40 81.70 RM 3.188 2.568 HK$ 7.750 6.244 BAHT 32.18 25.92 RUPIAH 11,583 9,331 RENMINBI 6.207 5.001 INDIAN RUPEE 60.10 48.41 A$ 1.064 0.857 NZ$ 1.133 0.913
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    • Article
      Lock icon Study explains Temasek, GLCs’ performance
      527 3  -  It says sound governance and clear mandate helped them perform better than the market By Kelly Tay, Siow Li Sen kellytay@sph.com.sg @KellyTayBT lisen@sph.com.sg @SiowLiSenBT Singapore SOUND corporate governance and a clear business mandate have helped Temasek Holdings and government-linked companies (GLCs) in Singapore perform better
      527 words
    • Article, Illustration
      Lock icon Will M’sia hike rates again before year-end?
      594 3  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur WILL Malaysia’s central bank be content with a 25 basis points interest rate hike this year or is it gearing for another increase in the next four months? Economists have mixed views as to whether the overnight
      PHOTO: BLOOMBERG  -  594 words
    • Article, Illustration
      Lock icon My money’s on magic of Messi
      608 4  -  WORLD CUP Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent ARGENTINA coach Alejandro Sabella reckons his team doesn’t have much of a chance in the World Cup final against Germany on Monday, 3am, Singapore time. He does have a point there, of course. The in-form Europeans, after
      608 words
    • Article, Illustration
      Lock icon Here’s to German attack 1, Argentine defence 0
      692 4  -  Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Correspondent BRING out the party hats! There is going to be a heck of a spectacle at the Maracana this Sunday and everyone is invited! Even with hosts Brazil embarrassingly dumped out of the tournament, the World Cup
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    • Article, Illustration
      Lock icon The BT-Coca-Cola World Cup Charity Drive
      311 5 THIRD-PLACE PLAYOFF JULY 13 Brazil vs The Netherlands (4am) Gill McLaren General Manager, Singapore, Malaysia and Brunei, Coca-Cola Singapore ‘Having played so well in the early rounds, it was sad to see Brazil go out to Germany. I hope that they continue to play
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    • Article
      Lock icon Rio braces for Argentina’s World Cup fans
      599 5 Up to 100,000 of them are expected to arrive by car, bus and motorhome for the final AFP Rio de Janeiro RIO de Janeiro is bracing itself for up to 100,000 Argentine fans arriving by car, bus and motorhome for the World Cup
      AFP  -  599 words
    • Article, Illustration
      Lock icon One final blast
      1364 6 The BT-Coca-Cola World Cup Charity Drive ALGERIA Peter Ong, Managing Partner, Rested Edge Advisory From the way the matches were played, both Germany and Argentina deserve to make it through, battling it out in this final high-stakes game to lift the 2014 World Cup. I hope both
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    • Article, Illustration
      Lock icon India’s Budget 2014 prudent and practical
      1041 7  -  COMMENTARY By Richard Rekhy ~The writer is chief executive of KPMG in India and a member of the global board of KPMG International INDIA’S Finance Minister Arun Jaitley presented his maiden budget on Thursday, bringing an end to an unprecedented run-up of hope and
      PHOTO: AFP  -  1,041 words
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      44 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-12 S’pore Markets 12 Singapore 13-14 World 16-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Dining/Living L2-6 Health L7 Design L8-11 Travel L12-13 Motoring L14-15 Sports L16 Real Estate 31
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      36 3 Commercial Shop House D15 FH Land: 1,670 sqft Built 2,500 sq ft Plot Ratio: 3.0 Foreigner Eligible r JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg
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      87 5 Guess the score win a Sony 4K TV! Germany vs Argentina 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
      87 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Farmboy technologist
      2513 8 / 9  -  Pat Gelsinger, VMware’s CEO, honed his work ethic growing up in a Pennsylvania farm. By Amit Roy Choudhury By Amit Roy Choudhury amit@sph.com. sg @AmitRoyCBT WHEN Pat Gelsinger became CEO of VMware in September 2012 at the age of 51, he had been a CEO-in-train-ing for more than
      PHOTO: YEN MENG JIIN  -  2,513 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Higher returns as SPH Reit beats forecasts
      609 10  -  It posts DPU of 1 .35¢ for Q3, which translates to annualised distribution yield of 5.28% By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SPH Reit has rewarded its unitholders with higher returns, thanks to steady and resilient operational performance. The real estate investment trust
      ST FILE PHOTO  -  609 words
    • Article
      Lock icon Ezra upbeat on long-term outlook of oil and gas industry
      548 10  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore EZRA Holdings, which has unveiled plans to turn its Oslo-list-ed EOC Ltd associate into a major Asia-Pacific player in offshore support services, says the longterm fundamentals of the oil and gas industry will continue
      548 words
    • Article
      Lock icon Electricity futures trading will have a ‘gradual start’
      556 11  -  SGX CEO sees a ‘period of discovery’ from Oct till spreads tighten B)’ Ronnie Lim ronnie@sph.com.sg Singapore THE Singapore Exchange (SGX) is prepared for “a gradual start” when trading of electricity futures here kicks off in October, says CEO Magnus Bocker. From
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    • Business briefing
      • Article
        Lock icon Frasers Hospitality Trust IPO 19x subscribed
        72 11 FRASERS Hospitality Trust, which will start trading on the Singapore Exchange on Monday at 2pm, has completed its initial public offering with “strong support” from retail and institutional investors, the firm said. The IPO was about 19 times subscribed, with the public offer of
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      • Article
        Lock icon JK Tech to issue up to 150m placement shares
        57 11 JK TECH Holdings yesterday announced plans to issue up to 150 million placement shares at 40 Singapore cents each to raise net proceeds of $59 million to fund its diversification into the oil and gas sector. JK Tech shares closed trading
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      • Article
        Lock icon Midas to buy remaining 45% stake in Jilin Midas JV
        93 11 MIDAS Holdings, which manufactures aluminium alloy extrusion products for rail transport, has agreed to buy the remaining 45 per cent of Jilin Midas Light Alloy that it does not own from joint venture partner Jilin Kaitong Engineering for 306 million
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    • Article
      Lock icon Korea’s Spackman Entertainment launches Catalist IPO
      472 11  -  By Cai Yong caiyong@sph.com.sg Singapore SINGAPORE Exchange looks set to have the first listing of a Korean entertainment company. Spackman Entertainment Group Limited (SEGL), one of Korea’s leading theatrical film production groups, yesterday launched its initial public offering (IPO) for a Catalist listing. It
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    • Article
      Lock icon Hsieh Fu Hua to take over as Tiger Airways chairman
      275 11  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore TIGER Airways (Tigerair) chairman JY Pillay will retire from its board and be succeeded by banking and finance veteran Hsieh Fu Hua, the airline said yesterday. Mr Pillay, 80, will retire at the July
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    • Article, Illustration
      Lock icon UOB continues to be in the limelight
      596 12  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent IN recent months, the outperformance of United Overseas Bank has provided one of the standout features of local stocks, and so it was again this week. No one knows for sure why the counter has proven
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    • Article, Illustration
      Lock icon SGX issues ‘trade with caution’ advice for UOB
      338 12  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore UNITED Overseas Bank (UOB) shares surged almost 4 per cent yesterday in active trading, prompting a rare query from the Singapore Exchange. UOB, which has outperformed its peers for several months now as well as
      Source: Bloomberg  -  338 words
    • Article
      Lock icon TOP 20 ACTIVES
      175 12 VOL CLOSE APAC Strateg i c 69,995 5 7 0.1 1 .8 Mirach Energy 53,246 18 9 0.8 4.1 IHC 33,253 23 5 0.5 2.1 Vallianz 31,758 13 5 0.1 0.7 Art i vision Tech 30,605 11 9 0.3 2.5 Po l aris 30,296 2 1 0.1
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    • Article
      Lock icon STI STOCKS
      116 12 Stock name Close Change Ascendas Reit 2.320 CapitaLand 3.230 +0.020 CapitaMall Trust 1.950 +0.005 CityDev 10.170 -0.030 ComfortDelGro 2.500 DBS Grp 17.170 +0.200 Genting Sing 1.325 +0.005 Global Logistic 2.680 Golden Agri-Res 0.550 +0.005 HPH Trust USD 0.740 +0.005 HongkongLand USD 6.850 +0.110 JMH 400 USD 60.500 -0.080
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    • Article
      Lock icon Wing Hang Bank stake pits hedge fund against OCBC
      395 12 Bloomberg Hong Kong BILLIONAIRE hedge-fund manager Paul Singer may have met his match. His Elliott Capital Advisors LP is in a face-off with Singapore’s Oversea-Chinese Banking Corp over a family-owned Hong Kong bank. OCBC is trying to buy Wing Hang Bank
      Bloomberg  -  395 words
    • Article
      Lock icon TOP GAINERS
      62 12 BY CENTS CLOSE UP UOB 2403 83.0 3.6 UOB.ES.1407 2400 77.0 3.3 DBXT AUDCS 5US$ ***** 68.2 0.3 GLD 10US$ ***** 65.8 0.4 DBXT SPASX200 10US$ 4269 63.3 1.2 SPDRS S&P 500 10US$ ***** 54.6 0.2 SPDR DJIA 10US$ ***** 53.4 0.3 DBXT USDIGInfl 5US$ ***** 50.9 0.1
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    • Article
      Lock icon TOP LOSERS
      64 12 BY CENTS CLOSEDOWN Lyxor Indonesia10US$ 9342 -305.2 -2.6 DBXT MSKorea 10US$ 6382 -143.9 -1.8 DBXT iBoxxKR 5US$ ***** -70.7 -0.4 Jardine C&C 4531 -70.0 -1.5 DBXT iBoxxSvEu 5US$ ***** -64.5 -0.2 Lyxor MS India 10US$ 1584 -43.4 -2.2 DBXT MSINDO 10us$ 1491 -42.2 -2.2 Lyxor AsiaIT 10US$ 3930
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      Lock icon Page 13 Advertisements Column 1
      149 13 t °*4wr y EVERYTHING IS ABOUT YOU. r5 I «o 1 KNOW YOURSELF 0 INTRODUCE YOURSELF 0 PRESENT YOURSELF O* DO-IT-YOURSELF 1? o* IMPROVE UPGRADE YOURSELF Q <> TIME 10am 7pm VENUE Marina Bay Sands, Halls D E DAY1 12 JULY DAY2 13 JULY Open to Singaporeans, PRs Open to
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  • SINGAPORE
    • Article
      Lock icon Shophouse prices fall as demand weakens
      507 14  -  Gap widening between sellers’ and buyers’ price expectations By Sheena Tan tsheena@sph.com.sg PRICES of shophouses here have started to see resistance from the market, said a report from Knight Frank, which noted an increasing mismatch between sellers’ high asking prices and prices that buyers
      507 words
    • Article
      Lock icon SIA expands use of e-devices on planes
      368 14  -  By Raphael Lim raphlim@sph.com.sg SINGAPORE Airlines (SIA) has become the first local carrier to expand passengers’ use of portable electronic devices (PEDs) on flights, following amendments to regulations by the Civil Aviation Authority of Singapore (CAAS). Under new rules for local carriers, passengers
      368 words
    • Article
      Lock icon Starwood to double China, India hotels over 4 years
      375 14 Bloomberg Sydney STARWOOD Hotels and Resorts Worldwide will almost double the hotels it operates in China and India over the next four years to meet growing demand in Asia’s biggest emerging economies. The owner of the St Regis and W brands,
      Bloomberg  -  375 words
    • Article
      Lock icon EcoHouse says it is ‘fully regulated as required by Singapore law’
      276 14  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT ECOHOUSE Group, which has been on the Investor Alert List (IAL) of the Monetary Authority of Singapore (MAS), says that it has always been fully regulated as is required by Singapore law. In a
      276 words
    • Article
      Lock icon Private banks give wings to bond market
      653 15 In the latest case, they bought on behalf of their clients 93% of PIL’s $300m issue that drew $3.5b of orders IFR PRIVATE banks are driving Singapore’s bond market to new heights as wealthy individuals clamour for higher returns. Pacific International Lines (PIL),
      IFR  -  653 words
    • Article
      Lock icon Scholarship and top university fair at Suntec tomorrow
      214 15 SINGAPORE Press Holdings (SPH) will hold The Straits Times Recruit Scholarship Top University Fair the only event of its kind here tomorrow. Targeted at aspiring scholarship applicants and their parents, the event will run from 10am to 6pm at Suntec Singapore, Hall
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    • Article
      Lock icon String of int’l awards for SIA in June-July
      235 15  -  By Sheena Tan tsheena@sph.com.sg SINGAPORE Airlines (SIA) has been on cloud nine this past month. Besides grabbing two “best airline” awards, and one for its inflight magazine, SilverKris, SIA bested other airlines in three categories in the airline rankings by Nikkei Business
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      Lock icon Page 15 Advertisements Column 1
      89 15 The Business Times NOTICES NOTICE This is to inform that Desmond Lim Chen Fan NRIC No. SXXXX399D is no longer in the employment of Swissco Offshore Pte Ltd with immediate effect. NOTICE This is to inform that Lee Shik Koon, NRIC No. SXXXX133C is no longer in the employment of
      89 words
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      Lock icon Page 15 Advertisements Column 2
      329 15 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SP HOLLAND HILL PRIVATE LIMITED Registration No.: *****3830G At an Extraordinary General Meeting of SP HOLLAND HILL PRIVATE LIMITED duly convened and held at 50 Changi South Street 1, BBR Building, Singapore *****6, on 11th July
      329 words
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  • WORLD
    • Article
      Lock icon No data leak from Chinese hacking, says US
      417 16 Denial follows report that hackers had penetrated networks containing information on govt employees AFP Washington THE personal data of thousands of US government workers was not compromised in a recently reported cyber attack, officials said on Thursday amid fresh allegations that Chinese
      AFP  -  417 words
    • Article, Illustration
      Lock icon Taipei seeks fresh agreement with Beijing on yuan investment quota
      720 16 Bloomberg Taipei TAIWAN’S regulators plan to renegotiate an agreement to invest yuan in China’s capital markets and separate the pact from a beleaguered cross-strait trade deal, according to a senior official. Financial Supervisory Commission (FSC) officials will meet China Securities
      Bloomberg; PHOTO: REUTERS  -  720 words
    • Article
      Lock icon Google disrupted in China again after brief respite
      270 16 Reuters Beijing GOOGLE Inc services were once again being disrupted in China yesterday after a brief respite on Thursday, users and an an-ti-censorship group reported, continuing more than a month of severe disruption. Features such as Google’s search, maps, online advertising services
      Reuters  -  270 words
    • Article, Illustration
      Lock icon ECB to limit stress-test inputs
      510 17 Regulators have yet to sign off on the methodology, including a definition for that term Bloomberg Madrid THE European Central Bank plans to limit the amount of data it carries over from an ongoing asset review into a subsequent stress test as it tries to
      Bloomberg; PHOTO: BLOOMBERG  -  510 words
    • Article
      Lock icon US ‘weakening Europe’s banking system’
      360 17 AFP Frankfurt THE United States is not playing fairly in its trade with Europe and is deliberately undermining Europe’s banking system, the heads of German and French industry said in newspaper interviews yesterday. “It cannot be that America is weakening the European financial system and
      AFP  -  360 words
    • Article
      Lock icon Microsoft frees 4.7m PCs from cyber criminals
      258 17 Reuters Boston MICROSOFT Corp said it has freed at least 4.7 million infected personal computers from control of cyber crooks in its most successful digital crime-busting operation, which interrupted service at an Internet-services firm last week. The company has also identified at least
      Reuters  -  258 words
    • Article
      Lock icon Aussie IPOs hit by loss of pace, overpricing
      595 18 Healthscope, Medibank issues not looking hot, other companies may delay their listings Reuters Sydney AUSTRALIA’S initial public offering (IPO) window appears to be narrowing as the stock market loses momentum and offerings start to look overpriced, sapping demand for the combined US$7
      Reuters  -  595 words
    • Article
      Lock icon Bamboo ceiling in Australia hinders Asians
      317 18 AFP Sydney A “BAMBOO ceiling” exists in Australia for Asians entering positions of power in business, education and politics, the country’s race discrimination commissioner has suggested. Tim Soutphommasane said that while Australia’s cultural diversity was to be welcomed, equality of opportunity in the top
      AFP  -  317 words
    • Article, Illustration
      Lock icon Half of the world now lives in cities
      244 18 NYT New York MORE than half of humanity now live in cities, and even more will soon. The world will have to confront how to make them more fit for human habitation. Those are the conclusions of a report released on Thursday
      NYT; PHOTO: REUTERS  -  244 words
    • Article, Illustration
      Lock icon Gazprom incurs record tax bill as Ukraine defaults
      533 19 Oil giant pays 61.9b roubles in May, 60% more than in May last year Bloomberg Moscow OAO Gazprom, Russia’s biggest company, was stuck with record export duty payments in May as Ukraine imported more gas without paying for it. Gazprom paid 61.9
      Bloomberg; PHOTO: BLOOMBERG  -  533 words
    • Article, Illustration
      Lock icon ‘Holy Grail’ of watches to be auctioned in November
      240 19 AFP Geneva TIME-KEEPING aficionados set their alarms, when auction house Sotheby’s announced that the “Holy Grail” of watches will be up for sale in November. The Henry Graves Supercomplication, a timepiece which has an estimated value of 12 million euros (S$20.3
      AFP; PHOTO: AFP  -  240 words
    • Article
      Lock icon Fukushima spared the fury of tropical storm Neoguri
      303 19 AFP Tokyo TROPICAL storm Neoguri skirted past the crippled Fukushima nuclear plant on Japan’s east coast yesterday and blew out to sea, leaving behind it a trail of destruction and several people dead. The storm was downgraded from a typhoon after sweeping
      AFP  -  303 words
    • Article
      Lock icon Premature for BOJ to consider QE exit, says Japan minister
      278 19 Reuters Tokyo JAPANESE Economics Minister Akira Amari said yesterday it was premature for the Bank of Japan (BOJ) to consider an exit strategy from its massive stimulus programme as the economy has only just begun emerging from 15 years of
      Reuters  -  278 words
    • Article, Illustration
      Lock icon Tokyo defends move to reinterpret security role
      512 20  -  Changed security environment warrants constitutional change: official By Anthony Rowley in Tokyo JAPAN’S Chief Cabinet Secretary Yoshihide Suga yesterday defended the government’s controversial decision to reinterpret the nation’s constitution that will allow Japanese self-defence forces to take part in collective self-de-fence actions. Last
      PHOTO: AFP  -  512 words
    • Article
      Lock icon Obama ropes in MNCs to boost SME prospects
      326 20 Reuters Washington PRESIDENT Barack Obama is enlisting several major US and multinational companies to draw attention to an initiative aimed at helping small businesses expand and hire workers. The president is scheduled to meet representatives of household name firms such as Apple,
      Reuters  -  326 words
    • Article
      Lock icon China eases M&A rules for listed firms
      246 20 Reuters Beijing CHINA is making it easier for listed companies to buy, sell or swap their assets, its latest attempt to streamline bureaucracy and encourage mergers and acquisitions, the country’s securities watchdog said yesterday. Under the new rules, listed firms no longer need
      Reuters  -  246 words
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      30 20 X ■Sr See sc m St M: y*'r. jr? T: SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in The Straits Times Notices. THE STRAITS TIMES NOTICES
      30 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8168 21 Transaction date: Jul 11 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 11.4 14 6.3 1 16.2 59.9 20 5.1 A-Sonic Aero 9.2 unch 1643 9.3 9.1 9.1 9.2
      8,168 words
    • Article
      Lock icon SGX CATALIST
      2050 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 $mil 32 23 t 3Cnergy 500 32 +3 10 32 32 29 32 38.4 28.5 19.2 t 800 Super 25 -1 100 25 25 24.5 25.5
      2,050 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 3 0 0 0 5 7 3 Manufacturing 43 47 49 4 9 10 47 56 59 Commerce 17 21 21 7 5 4 24 26 25 Tpt/Stor/Comms 20 9 12
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      789 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jul 7 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Figtree 10-Jul-14 Siaw Ken Ket Buy 217 0.25 ***** 23.33 ***** 23.41 ICP Ltd 10-Jul-14 Aw Cheok
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,743 14,743 44,099 44,099 Manufacturing 265,820 95,054 360,874 101,548 4,720 106,268 Commerce 53,981 98,731 152,712 61,741 14,364 76,104 Tpt/Stor/Comms 81,196 616 81,812 105,676 78 105,754 Finance 21,639 1,465 23,104 215,916 430 216,346 Construction 16,680 31,145
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Jul 10 COCOA (£/tonne) Close Prev High Low Jul 14 1949 1933 1950 1921 Sep 14 1915 1912 1916 1897 Dec 14 1895 1893 1896 1878 Mar 15 1884 1885 1885 1868 COFFEE(US$/tonne) Close Prev High Low Jul 14 2012 2058 2076 2016 Sep 14 2009 2056 2077 1970
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    • Article
      Lock icon METALS
      67 25 Jul 11 GOLD(US$/oz) Jul 11 Jul 10 Hong Kong 1339.00 1332.00 Jul 10 Jul 09 London 1337.90 1323.65 1338.10 1323.95 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 27.05 26.28 Source: UOB PLATINUM Lon (US$/oz) Jul 10 Close Previous PM Fix 1512.00 1504.00 AM Fix 1511.00 1499.00 Source:
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Jul 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.192 1.136 Can dollar 1.188 1.143 Euro 1.729 1.647 Sterling pound 2.167 2.084 NZ dollar 1.121 1.078 US dollar 1.267 1.207 Local dollars to 100 units of foreign currency: Currencies Sell
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 25 YTD change: +3.99% 52-week high: 3,311.44 on June 9,2014 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
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        20 25 YTD change:-0.31% 52-week high: 24,111.55 on Dec 2,2013 52-week low: 21,137.61 on March 20, 2014 Source: Bloomberg
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        21 25 YTD change: -3.26% 52-week high: 2,270.27 on Sept 12,2013 52-week low: 1,965.36 on July 30,2013 Source: Bloomberg
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        19 25 YTD change: -6.92% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 13,188.14 on Aug 28,2013 Source: Bloomberg
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        26 25 YTD change: +2.04% 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
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      Lock icon PALM OIL
      57 25 Jul 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2450.0 2410.0 2458.0 2450.0 50 546 Aug 14 2420.0 2377.0 2422.0 2375.0 623 ***** Sep 14 2391.0 2346.0 2395.0 2345.0 ***** ***** Oct 14 2373.0 2331.0
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      Lock icon GOVERNMENT SECURITIES
      78 25 Jul 11 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-16 101.25 101.34 101.32 5-Year NX*****W 2.5 01-Jun-19 106.59 10-Year NX*****H 2.750 01-Jul-23 103.68 15-Year
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      Lock icon INTERBANK CURRENCY RATES
      155 25 Jul 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1655 1.1670 0.9393 0.9398 Canadian dollar 1.1664 1.1679 0.9405 0.9400 Euro 1.6886 1.6902 1.3609 1.3611 NZ dollar 1.0946 1.0963 0.8822 0.8828 Sterling pound 2.1261 2.1282 1.7135 1.7138
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      Lock icon CHICAGO BOT
      105 25 Jul 10 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 14 1329.75 1334.50 1347.75 1326.00 Aug 14 1232.75 1246.50 1260.75 1228.00 Sep 14 1121.75 1132.00 1145.00 1121.00 Nov 14 1093.00 1103.75 1115.00 1092.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 14 37.39 37.04 37.36
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      68 25 Jul 10 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 108.24 -0.40 WTI (Near Mth) 102.99 0.78 Dubai (1-Mth F) 105.36 -0.22 Tapis blend 110.17 -0.50 Minas 105.77 -0.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.07 -0.60 Jet Kerosene 117.73 -0.26 US$/barrel OpecOil Basket Price 105.16
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      Lock icon LONDON METALS
      72 25 Jul 10 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1898.75 1913.25 3 months 1925.00 1939.00 Copper, Grade A (US$/tonne) Cash 7179.50 7143.50 3 months 7162.00 7125.00 Lead (US$/tonne) Cash 2171.00 2174.00 3 months 2190.00 2195.00 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 10 Index Change Change Change Change Change Change World Preliminary 1229.4 -0.7 3.8 -0.7 2.6 -0.8 4.3 EAFE Preliminary 958.3 -0.9 0.2 -1.0 -0.2 -1.0 1.5 Europe Preliminary 1370.0 -1.1 1.1
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  • PERSPECTIVE
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      Lock icon Governance in a wired world
      1052 26 / 27  -  Policy planners must do three things so that they’re able to manage in hyper-connected, online-generated crisis situations. By Basskaran Nair By Basskaran Nair ~The writer, a retired public relations professional, teaches media and public policy at the Lee Kuan Yew School of Public Policy, National
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      Lock icon When your birth year can also affect your job prospects
      822 26 / 27  -  By Peter R Orszag Bloomberg IT’S bad luck to be born 20 years before a time of high unemployment. It affects your income when you enter the workforce, naturally, but that’s not all. It can keep your earnings relatively low
      Bloomberg  -  822 words
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      318 26 / 27 CRYPTIC CROSSWORD Across 1 English after morsel of food and pickle (6) 4 A small prayer against being recorded in manuscript (6) 8 Flower appeared to get weak, left to go west (8) 10 Clergyman to look after collection (6) 11 Last guy to put off (4) 12 Four-footed form
      318 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon A Ponzi is born every week
        1076 28 / 29  -  Even after exposure of the mega Bernard Madoff fraud in 2008, new schemes are frequently uncovered in the US. By Elizabeth Olson By Elizabeth Olson NYT USING the money that was rolling in from investors, Scott Rothstein, a lawyer in Fort Lauderdale, Florida, bought
        NYT; PHOTO: BLOOMBERG  -  1,076 words
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        Lock icon BROKERS' TAKE
        809 28 / 29  -  Compiled by Cai Haoxiang Pacc Offshore Services Holdings Buy OCBC Investment Research July 11 Close $1.145 PACC Offshore Services Holdings Ltd (POSH) is a leading Singapore-based company which was operating a young and diversified fleet of 112 offshore vessels (including 45 owned by its joint ventures) as at
        809 words
    • WEALTH REAL ESTATE
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        Lock icon Househunt
        1066 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAY 28 AND JUNE 3, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Icon Apt 28/05/2014 99 915 1530 1672 Onze@Tanjong Pagar Apt 30/05/2014 FH 1044 2288
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        Lock icon UK home-price growth slows in June: poll
        318 31 Some of London’s most costly areas post falls on new rulings Bloomberg London UK house-price growth slowed in June as new mortgage regulations dampened activity and some of London’s most expensive areas posted declines, a survey shows. Values in England and Wales rose
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        Lock icon Fancy homes in playground for the rich on southern coast of UK
        772 31 NYT Poole, England THE peninsula of Sandbanks is often described as a millionaires’ tiny playground: a half a square mile of sand between Poole Harbour, in Dorset, and the English Channel. But despite the glamour of this exclusive
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      145 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE ROYAL OAK CONCEPT SERIES CONTINUES TO PUSH THE BOUNDARIES OF AUDEMARS PIGUET SAVOIR-FAIRE. THIS CONCEPT GMT TOURBILLON, WITH DUAL TIME FUNCTION, FEATURES WHITE CERAMIC BEZEL, CROWN, PUSHER AND BRIDGE. NINE TIMES HARDER THAN STEEL, CERAMIC IS EXCEPTIONALLY DIFFICULT TO WORK,
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      72 1 THE BUSINESS TIMES WEEKEND JULY 12 13 2014 BT Living OLD ESTATES, NEW BUZZ The race for the next Tiong Bahru culinary enclave is on L2-6 PHOTO: (BACKGROUND): TIONG BAHRU; (FOREGROUND): YAM CAKE FROM THE TASTEMAKER STORE HEALTH Lowdown on high cholesterol L7 DESIGN World Architecture Festival Awards L8-11 MOTORING
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  • BT Living
    • LIVING
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        Lock icon Old estates, new buzz
        1279 2 / 3  -  More new business owners are staking out forgotten, greying neighbourhoods in the belief they will be the next hipster central. But will their efforts pay off? BT Weekend looks at the the race for the ‘next Tiong Bahru’, spotlighting four edgy lifestyle postcodes By Debbie Yong
        PHOTOS: TIAN KEE  -  1,279 words
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        Lock icon Foodie wake-up call for Havelock enclave
        1307 2 / 3  -  By Debbie Yong THE buzz over new businesses in hipster-saturated Tiong Bahru may have died down, but not before spreading its hum to nearby Havelock Road and Bukit Ho Swee. The sleepy neighbourhood once known for little more than its stretch of popular Teochew
        PHOTOS: SIN LEE FOODS, FU YINGZI  -  1,307 words
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        Lock icon Bukit Merah’s slow but steady gentrification
        1172 4 / 5  -  By Georgine Verano gverano@sph.com.sg TRENDY cafes may have come and gone in the Bukit Merah neighbourhood, but that doesn’t faze new entrants such as Pan Delights and Butterscotch. Butterscotch’s Noorazman Abdul Manap, 31, believes he is creating something to serve the community an all-halal
        PHOTOS: BUTTERSCOTCH, PAN DELIGHTS  -  1,172 words
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        Lock icon Speciality java and chic eats in Bedok
        1406 4 / 5  -  By Rachel Loi rachloi@sph.com.sg @RachelLoiBT BEDOK 85 hawker centre has always been a gem of the East. It boasts a wide spread of local fare such as BBQ chicken wings, sambal stingray, fried oyster omelette and, of course, the famous bak chor mee.
        PHOTOS: TO-GATHER CAFE, PERCOLATE  -  1,406 words
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        Lock icon Upmarket foray
        441 6  -  By Georgine Verano ThreeSixFive 38 Dunlop StreetZ6341-7752 Hours: 11am-9pm (Mon Sat) DUNLOP Street is not really known for fashion or lifestyle boutiques, considering most of its patrons are backpackers or hungry folk looking for a good meal. It certainly doesn’t seem to be the best place to open
        PHOTOS: ARTHUR LEE  -  441 words
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        Lock icon New businesses bounce to Dunlop Street
        1032 6  -  By Georgine Verano gverano@sph.com.sg DUNLOP Street has seen edgy new businesses sprout in phases over the last few years, but the recent wave of new openings hope to add even more variety to the already quite vibrant street. In fact, four new businesses have
        PHOTOS: FLEE AWAY, ROUSE  -  1,032 words
    • HEALTH
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        Lock icon Paradigm shift in use of statins
        1371 7  -  A strategy that takes a patient-centric approach to managing cholesterol has been recommended by the American Heart Association Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the British Medical
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    • DESIGN
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        Lock icon Standing tall
        2087 8 / 9  -  Eleven projects in Singapore made it to the shortlist of the World Architecture Festival awards, which will be held here in October. Tay Suan Chiang talks to the architects behind five developments Wat Ananda Metyarama Thai Buddhist Temple Czarl Architects Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT THAT looks can
        2,087 words
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        Lock icon Competing with the world’s best
        150 10 / 11 WHICH are the world’s best buildings? Architecture buffs will know when the World Architecture Festival (WAF) takes place from Oct 1 to 3 at the Marina Bay Sands. A highlight of the event is the WAF awards, the world’s largest architectural awards programme. This year,
        150 words
    • TRAVEL
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        Lock icon History writ large
        1600 12 / 13  -  Prague, Vienna and Budapest provide detailed vignettes of Eastern Europe’s heyday of being a world power in art, architecture and politics. By Natalie Koh By Natalie Koh ~The writer was a guest of Insight Vacations. Log on to www.insightvacations.com or call 6299 3382 for more information A
        PHOTOS: INSIGHT VACATIONS, SIMON BOUCHER-HARRIS  -  1,600 words
    • MOTORING
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        Lock icon SPACE VAN
        502 14  -  The Suzuki Solio is an ultra-compact minivan with a surprisingly roomy cabin. By Samuel Ee samuelee@sph.com.sg THERE is something strangely fascinating about a small van. Perhaps it’s the boxy proportions and the ample cabin versatility. Or maybe it’s due to a secret desire to drive a breadvan. Whatever
        502 words
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        Lock icon A very different Lexus
        662 15  -  The Lexus NX200t gets a turbocharged engine and revolutionary styling. By Samuel Ee samuelee@sph.com.sg DO goldfish have more than a three-second memory? Has the Lexus brand really embraced turbocharging? The surprising answer to both is, yes. Apparently, fish aren’t as forgetful as we think they are,
        662 words
    • SPORTS
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        Lock icon Muscling onto a bigger stage
        959 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent VICTOR Cui and the rest of his team at One Fighting Championship (One FC) are busy racking up the frequent flyer miles more than ever these days. Having entrenched its reach across most of South-east Asia for
        FILE PHOTO  -  959 words
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      829 10 / 11 wine dine with BTWeekend Marina Mandarin Singapore 6 Raffles BoulevardZ 6845-1188 National Day Celebrations at Marina Mandarin Marina Mandarin celebrates the nation’s birthday with attractive room packages. Be mesmerised by a spectacular fireworks display from our Marina Bay view rooms for stay periods from Aug 8 to 11, 2014. Room
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