The Business Times, 16 July 2014

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Microfilm: NL33181
Total Pages: 50
1 16 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, July 16, 2014
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  • Article, Illustration
    Lock icon Sembcorp shines at S’pore Corporate Awards
    668 1  -  By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] Sembcorp Industries emerged the biggest winner at the Singapore Corporate Awards last night. The energy, water and marine group clinched accolades in three out of five categories: its group president and chief executive officer, Tang Kin Fei, was
    PHOTO: YEN MEN JIIN  -  668 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,291.42 (+0.44) EST INDEX FUTURES 3,288.00 (unch) GSIMSCI 375.95 (+0.86) GSIMSCI FUTURES 375.40 (+0.40) US$ S$ US$ (S$ per US$) 1.242 (US$/S$ per 1.708 2.122 EURO (US$/S$/€ 1.362 1.692 Foreign currency per US$ S$ YEN 101.50 81.70 RM 3.181 2.560 HK$ 7.750 6.239 BAHT 32.15 25.88 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP Closed NIKKEI 225 15,395.16 +98.34 HANG SENG 23,459.96 +113.29 SET INDEX 1,524.53 -4.70 JAKARTA COMP 5,070.82 +49.76 MANILA COMP 6,834.04 +3.67 SEOUL COMP 2,012.72 +18.84 SHENZHEN B 886.40 -1.70 MUMBAI IND 25,228.65 +221.67 12 noon EDT Change DOW 17,015.15 -40.27 NASDAQ 4,393.95 -46.47
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    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.35 MALAYSIA 6.55 TAIWAN 5.00 INDONESIA 15.229 TAIWAN 5.036 CANADA 1.475 KOREA 9.33 Source: Bloomberg
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  • Article
    Lock icon Condo buyers seen to be cautious in H2
    913 1  -  URA data shows developer sales diving 68% to 482 units in June compared to May By LYNETTE KHOO By lynkhoo@sph.com.sg@LynetteKhooBT [SINGAPORE] With a drastic fall in developers’ sales of private condos last month, the market is increasingly tilted in favour of homebuyers
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      188 1 STRAIT TALK Interferry conference looks promising PAGE 24 COMMENTARY A Jokowi win will be good for investors PAGE 23 EXEC MONEY All’s calm on the Nikkei front COMPANIES SPH posts Q3 profit of $89.6m PAGE 5 PAGE 33 CHAMPIONING THE VERY BEST It takes passion, mastery and unwavering determination to
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      468 2 Condo buyers seen to be cautious for H2 WITH a drastic fall in developers’ sales of private condos last month, the market is increasingly tilted in favour of homebuyers in the second half. FRONT PAGE Sembcorp shines at S’pore Corporate Awards SEMBCORP Industries emerged as the biggest winner
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    • Article, Illustration
      Lock icon Regulations clouding banks’ regional drive
      567 2  -  But DBS chairman Peter Seah says S’pore banks have to expand overseas BY JAMIE LEE |eejamie@sph.com.sg @JamieLeeBT [SINGAPORE] Regional expansion is becoming increasingly expensive with regulations a route that lenders here nonetheless must take, given the size of the domestic market, said DBS chairman Peter
      PHOTO: ARTHUR LEE  -  567 words
    • Article
      Lock icon Why complicate the COE system even more?
      702 2  -  130 hp power limit for Cat A too complex to implement COMMENTARY By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] T IS safe to say the folks at the automotive policy and planning unit of the Land Transport Authority (LTA) won’t be headhunted by Apple anytime
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    • Article, Illustration
      Lock icon Continued QE ‘needed amid job market slack’
      657 4 Rates may stay low for a considerable period after bond buying ends: Yellen Bloomberg [WASHINGTON] US Federal Reserve Chair Janet Yellen told lawmakers the central bank must press on with monetary stimulus as “significant slack” remains in labour markets and inflation is still
      Bloomberg; PHOTO: AFP  -  657 words
    • Article, Illustration
      Lock icon Retail, manufacturing point to firming economy
      581 4 LATEST US DATA Bloomberg [WASHINGTON] Retail sales showed a broad-based gain in June, pointing to a gain in consumer spending that probably helped the US economy rebound in the second quarter. Purchases increased 0.2 per cent after a 0.5 per cent advance in May
      Bloomberg  -  581 words
    • Article, Illustration
      Lock icon BOJ optimistic about economy, inflation target
      684 4  -  BY ANTHONY ROWLEY in Tokyo BANK of Japan (BOJ) governor Haruhiko Kuroda yesterday delivered an upbeat assessment of Japan’s near-term economic prospects and of the central bank’s ability to meet its 2 per cent annual inflation target. This came in the face of market
      PHOTO: BLOOMBERG  -  684 words
    • Article
      Lock icon May retail sales down 6% on car weakness
      455 4  -  Sales up 5.2% from April but weakness expected to persist By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Retail sales for May dropped 6 per cent year on year, dragged down by sales of motor vehicles, but were 5.2 per cent higher month on
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    • Article
      Lock icon Now online: an auction site for resale homes
      450 4  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT [SINGAPORE] A Singapore start-up hoping to salvage close to $1 billion lost in property transactions here y ear l y y es t er d a y launched FindNest, a crowd-pricing platform that lets users auction off
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      586 2 cutting through complexity KPMG Seminar Series Date Thursday, 21 August 2014 Time 9.00am to 5.00pm Venue Orchard Hotel 442 Orchard Road Singapore *****9 Seminar fees KPMG Client Alumni SIATP Member SS396 per participant Standard S$450 per participant A discount of 5% will be given for groups of three or more
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      15 2 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
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      87 3 m a f PERISAI PACIFIC101 i—- BPBi •eWIS 'll I I U. k 1 pv. r PERISAI PACIFIC 101 4-j vil C PPL SHIPYARD Congratulates J *-> PERISAI On the Naming Ceremony of Perisai Pacific 101 PPL Pacific Class® 400 Jack Up Drilling Rig 16 th July 2014 Proudly built
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  • COMPANY NEWS
    • Article
      Lock icon SPH posts Q3 profit of $89.6m
      431 5  -  Net earnings hit by absence of one-off fair value gain but operating profit up By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT CONTINUED cost and efficiency measures paid off for Singapore Press Holdings (SPH) as it achieved a 7.5 per cent rise in third-quarter operating profit to
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    • Article
      Lock icon Indonesia elections won’t affect country’s healthcare: First Reit
      449 5  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT THE recent Indonesian presidential elections where Jakarta governor Joko Widodo has as good as been declared victor over his rival Prabowo Subianto is not expected to impact the healthcare industry or cause any drastic changes to healthcare
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    • Article
      Lock icon OCBC sticks to Wing Hang offer price
      261 5  -  By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT OVERSEA-CHINESE Banking Corporation is sticking to its guns and will not raise its offer price for Wing Hang Bank. In a filing to the Singapore Exchange after the market closed yesterday, OCBC said that its offer price for
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    • Article
      Lock icon Ezra may also list subsea arm: analysts
      441 5  -  Reports say group may look at overseas flotation By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT JUST days after Ezra Holdings announced the restructuring of its Emas Marine unit and the secondary listing of an enlarged entity, it has emerged that the offshore services player could
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    • Article
      Lock icon Aussie wildfire survivors win almost A$500m in settlement
      254 6 Reuters [SYDNEY] Survivors of one of Australia’s deadliest wildfires won compensation of nearly A$500 million (S$583 million on Monday the biggest class action settlement in Australian legal history. The Kilmore EastKinglake bushfire in February 2009 claimed 119 lives, destroyed 1,200 homes and
      Reuters  -  254 words
    • Article
      Lock icon Fitch expects operating profiles of four Reits to stay stable
      528 6  -  It affirms the trusts’ long-term issuer default ratings By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT FITCH Ratings yesterday affirmed the long-term issuer default ratings of the four Singapore Reits it rates. It rated Mapletree Industrial Trust at BBB+/Stable and Parkway Life Reit
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    • Article, Illustration
      Lock icon Asia chocolate binge worsens cocoa shortage
      847 6 Global bean deficit seen reaching 1 m tonnes by 2020 Bloomberg [SINGAPORE] Surging consumption of chocolate in Asia is pushing cocoa-bean prices to the highest level in three years as buyers including Barry Callebaut AG expand their search for more supply. While demand in
      Bloomberg; PHOTO: AFP  -  847 words
    • Article, Illustration
      Lock icon Biosensors shares fall after CB Medical pares stake
      362 9  -  Move by major shareholder deals blow to talk of takeover By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SHARES in medical devices maker Biosensors International Group lost seven cents to close at 86.5 cents yesterday after substantial shareholder CB Medical Holdings sold off nearly 40
      Source: Bloomberg; FILE PHOTO  -  362 words
    • Article
      Lock icon SIA passenger, cargo load factors remain flat
      273 9  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT THE passenger load factor at Singapore Airlines (SIA) remained flat at 81.5 per cent in June as both carriage and capacity contracted. The airline’s systemwide passenger carriage (measured in revenue-passenger-kilometres) fell by 1.4 per cent year-on-year while capacity
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    • Article
      Lock icon M&L Hospitality to build Manchester hotel
      285 9  -  Complex in university campus to cost over £30m By MINDY TAN tanmindy@sph.com.sg @MindyTanBT SINGAPORE-BASED M&L Hospitality is expanding further into the United Kingdom, with plans for a new hotel complex estimated to cost in excess of £30 million (S$64 million), in the University of
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    • COMPANY BRIEFS
      • Article
        Lock icon Yangzijiang trims non-core business
        70 9 YANGZIJIANG Shipbuilding (Holdings) Ltd has sold its 50 per cent stake in Wujiang Jinke Yangzi Real Estate Development Co Ltd for 200 million yuan (S$40 million). The sale was “in line with the group’s strategy to reduce its investment in non-core business gradually”, the group said.
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      • Article
        Lock icon Viking wins US$32m charter contract
        79 9 VIKING Offshore Marine has won a 50-month bareboat charter for a land rig system, worth about US$32 million. Under the contract, Viking’s wholly owned unit Viking Asset Management (VAM) will buy and lease back the rig and related drilling equipment system to a Chinese land
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      • Article
        Lock icon King Wan bags jobs worth $25.5m
        43 9 KING Wan Corporation won five new mechanical and electrical projects worth $25.5 million from May to July 2014. The new projects will start in the second half of 2014 and are slated to be completed by 2017.
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      • Article
        Lock icon Midas unit wins 2 contracts
        56 9 MIDAS Holdings’ subsidiary, Jilin Midas Aluminium Industries Co., Ltd (Jilin Midas), has won two new contracts worth 52.2 million yuan (S$10.4 million) from CNR Changchun Railway Vehicles Co Ltd. The deals are expected to have a positive impact on the group’s financial performance for the
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      Lock icon Page 5 Advertisements Column 1
      538 5 The Foundation of Career Success Who should attend: Sales, marketing and service professionals; executives, supervisors, managers, team leaders and other general managers. 2014 JULY SERIES FULL-DAY WORKSHOPS Mental Toughness for Breakthrough Sales Performance 23 JUL '14 WEDNESDAY SPH News Centre (9.30am to 6.00pm) An empowered and tough mind can give
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      277 6 InvestorRelationsHighlights Sinwa expands core business into Thailand Mainboard-listed Sinwa Limited, Asia Pacific’s leading marine, offshore supply and logistics player, has established its first Thailand subsidiary to serve Thailand’s increasingly active offshore industry. Mr. Bruce Rann, Group CEO of Sinwa, commented, “We are excited to announce our entry into Thailand’s promising
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      84 6 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 Discussion on Market Outlook moderated by Keith De Souza (LIVE938 DJ) The A-Z Talkshow with Claressa Monteiro (Kiss92 DJ) Keynote Presentations by Popular Investment Speakers Over
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      90 6 Myanmar Banking Business Development Conference 2014 15 17 July 2014 Sule Shangri-La Hotel,Yangon, Myanmar Opening Address by Central Bank of Myanmar To register, contact us at +65 6848 6061 or +959 *****47 or email thithi@sphereconferences.com. Early bird pricing ends in June. Event Highlights: Opening keynote address by Central Bank of
      90 words
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      37 6 FI'BE FACILITIES MANAGEMENT SOLUTIONS EXPO 2014 14 -16 October 2014 SINGAPORE EXPO HALLS 3 4 www.fmse.com.sg 7T 1 m TOWARDS A SUSTAINABLE BUILT ENVIRONMENT 7r To Exhibit: Tel:+65 6319 4021 Email; fmse@sph.com.sg To Visit: Pre-register at www.fmse.com.sg
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      1046 7 SINGAPORE PRESS HOLDINGS LIMITED Incorporated in Singapore. Co. Reg. No. *****2868E Unaudited Results for the Third Quarter ended May 31,2014 (Extract) GROUP FINANCIAL HIGHLIGHTS 3Q 2014 $’000 3Q 2013 $’000 Change YTD 2014 $’000 Making ofachangingworld YTD 2013 $’000 Change GROUP FINANCIAL HIGHLIGHTS Operating revenue 309,725 324,951 (4.7) 916,964 929,226
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon No blip from Wall St’s Monday jump
      552 8  -  Trading volume of some counters on SGX plunge after being among top actives the previous day STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent WALL Street may have recorded a triple-digit gain on Monday but there was virtually no impact here yesterday. The Straits
      Source: Bloomberg  -  552 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jul 15 VALUE CLOSE BT OB/OS 46.00 +13.00 BT CADI -*****.00 -27.00 BT 10-day MA -*****.00 +4.00 FTSE ST Mid Cap 775.53 -0.64 FTSE ST Small Cap 564.56 +0.50 FTSE ST All Share 803.18 +0.03 FTSE ST China Top 197.37 -1.33 FTSE ST China 225.69 -0.89 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 4 0 0 0 4 6 4 Manufacturing 48 52 38 5 11 11 53 63 49 Commerce 15 26 20 3 6 6 18 32 26 Tpt/Stor/Comms 13 18 9
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      888 8  -  Compiled by TEH SHI NING Golden Agri-Resources July 15 close: S$0.545 OCBC Investment Research, July 15 ACCORDING to Bloomberg, soya bean futures fell for the 10th straight session on Friday its longest slump in 41 years, weighed by expectations that the United States could reap a record-high crop
      Source: Bloomberg  -  888 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,758 16,758 58,477 58,477 Manufacturing 417,206 107,399 524,605 145,684 11,570 157,253 Commerce 70,682 90,950 161,632 65,847 6,236 72,084 Tpt/Stor/Comms 102,110 3,073 105,183 129,597 390 129,987 Finance 13,451 46 13,497 96,791 14 96,805 Construction 30,031 18,034
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      121 8 Stock name Close Change Ascendas Reit 2.320 +0.020 CapitaLand 3.250 +0.010 CapitaMall Trust 1.965 +0.005 CityDev 10.210 +0.030 ComfortDelGro 2.530 DBS Grp 17.170 -0.010 Genting Sing 1.330 +0.005 Global Logistic 2.710 +0.020 Golden Agri-Res 0.545 +0.005 HPH Trust USD 0.740 +0.005 HongkongLand USD 6.680 -0.150 JMH
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    • Article, Illustration
      Lock icon Asian units run out of steam after fine rally
      552 8 CURRENCIES Reuters [SINGAPORE] Asian currencies fell back against the US dollar yesterday after a strong run as some players squared positions ahead of Federal Reserve chair Janet Yellen’s congressional testimony on monetary policy. The weakness in Asian currencies was in contrast
      Reuters; PHOTO: BLOOMBERG  -  552 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Otto Marine 43,448,000 Amplefield 40,812,000 Artivision Tech 40,326,000 WE 38,993,000 Biosensors 35,842,000 CPH 31,615,000 IHC 30,132,000 JES Intl 29,288,000 APAC Strategic 27,848,000 SIIC Environment 25,005,000 VALUE($) SingTel 63,124,660 Global Logistic 48,568,910 UOB 35,001,500 Ezion 32,724,720 Keppel Corp 32,465,488 Biosensors 31,295,720 DBS Grp 31,071,490 CapitaLand 28,883,495 OCBC
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    • Article
      Lock icon RISES
      120 8 BY CENTS CLOSE UP SPDR DJIA 10US$ ***** 59.6 0.3 Jardine C&C 4590 41.0 0.9 DBXT MSKorea 10US$ 6448 39.8 0.5 DBXT Nifty 10US$ ***** 39.8 0.3 DBXT AUD Bonds 5AU$ ***** 37.2 0.2 DBXT FTChina25 10US$ 3058 31.1 0.8 DBXT FTVietnam 10US$ 2830 31.1 0.9 DBXT iBoxxSing 5SG$
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    • Article
      Lock icon FALLS
      129 8 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -156.5 -0.9 GLD 10US$ ***** -130.4 -0.8 JSH 500 USD 3564 -82.0 -1.8 JMH 400 USD 5922 -79.5 -1.1 DBXT USDIGInfl 5US$ ***** -68.3 -0.2 DBXT iBoxxKR 5US$ ***** -59.6 -0.3 DBXT AUDCS 5US$ ***** -57.1 -0.2 DBXT EONIA 5US$ *****
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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  • SINGAPORE NEWS
    • Article
      Lock icon Clearing of debt: Firms take a full week less in Q2
      435 10  -  SMEs turn more credit-conscious; severely delinquent debts down sharply By MINDY TAN tanmindy@sph.com.sg @MindyTanBT COMPANIES are paying their bills faster as small and medium enterprises (SMEs) become more cred-it-conscious. Specifically, the Days Turned Cash National Average (DTC), which measures
      435 words
    • Article
      Lock icon More new businesses formed in Q2
      448 10  -  Jump is 15.4% from Q1, 16.6% from a year ago By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT MORE businesses were started in Singapore in the second quarter of this year than in the first three months. The 18,689 new businesses registered here in Q2 represented a
      448 words
    • Article, Illustration
      Lock icon Chevron Oronite expands plant on Jurong Island
      352 10  -  By CAI YONG caiyong@sph.com.sg FUEL and lubricant additives manufacturer Chevron Oronite has completed a major expansion of its Jurong Island plant. The company announced yesterday that, with the added facilities, it will double the operating capacity of its plant, in operation since 1999,
      352 words
    • Article
      Lock icon Ser Luck urges SMEs to innovate
      359 10  -  Think long term and don’t let small size limit growth plans By SHEENA TAN tsheena@sph.com.sg A CALL went out yesterday to small and medium-sized enterprises (SMEs) to innovate and remain farsighted in order to expand. Minister of State for Trade and Industry Teo Ser
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    • Article
      Lock icon Universal Studios Singapore top in Asia
      337 10  -  By AMANDA EBER aeber@sph.com.sg UNIVERSAL Studios Singapore (USS) is the top amusement park in Asia, beating other more established locations like Hong Kong’s Ocean Park and Tokyo’s Disneyland, going by data collected by travel site TripAdvisor. This is an improvement over last year’s secondplace
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      292 10 wm ASIA www. Off i c Expo Asia .com h 0 Find Next-Gen Business Solutions to achieve your business goals more a effectively! See the latest trends in Workspace Design Ergonomics! A f See Advanced Printing Technologies and products! 16 18 July 2014 10:30am 6.30pm (Wed Thurs) 10;30am 5.30pm (Fri)
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  • Article, Illustration
    Lock icon From theory to practice
    1578 11 SMU’s entrepreneurial Philip Zerrillo connects the University with the outside world A Special Feature Brought to You By Singapore Management University PHILIP Charles Zerrillo, Singapore Management University’s (SMU) executive director of its Centre for Management Practice and Case Writing Initiative, is brimming with energy. And that
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      134 11 w J Scan to learn more about SMU. GET INTO THE MINDS OF ASIA’S THOUGHT LEADERS. SMU aspires to be the hub tor thought leadership in Asia. Fully committed to shaping a new generation of professionals who truly understand Asia, we have already published more than 100 insightful case studies
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Vincent Tan unit in IPO of American depositary shares
      304 12 Reuters [LONDON] Online payment company MOL Global Inc, majority-owned by Malaysian billionaire Vincent Tan, filed with US regulators on Monday to raise about US$300 million in an initial public offering IPO of American Depositary Shares (ADS). Also known as Money Online,
      Reuters  -  304 words
    • Article
      Lock icon Felda Global Ventures regroups into 6 clusters
      436 12 It aims for eightfold increase in revenue to RM100b by 2020, to be among top 10 [KUALA LUMPUR] Felda Global Ventures Holdings Bhd (FGV) has restructured its organisations into six clusters, with some targeted to become world leaders, under a transformation programme that
      436 words
    • Article
      Lock icon Indonesia loan growth to fall short of forecast: bank
      265 12 Bloomberg [JAKARTA] PT Bank Central Asia (BCA), Indonesia’s second biggest lender by market value, expects the country’s loan growth to slow more sharply than policymakers expect as cash supply and economic growth decline. Credit in South east Asia’s biggest economy has
      Bloomberg  -  265 words
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      1595 12 The Business Times Ik T^V 1 I 1 I /"I I 1 Toll free 1800-289-8822 I I I Email notices@sph.com.sg J J i L J www.sphclass.com.sg/notices (-|_`+_$./,|=(]_/'>\@=%&/.(~`=$ -CTrt- IT INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) I (Company Registration No. *****3771D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY
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      2036 13 ADVERTORIAL We Need a Thriving Culture of Philanthropy Private philanthropists are in a position to take the road less travelled, accept more risk and make a lasting social and environmental impact. Leadership in philanthropy has never been more in demand given the increasing participation rate in Asia. ’rivate Bank ISBC
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon India, China agree to strengthen ties
      408 15 AFP [NEW DELHI] Indian Prime Minister Narendra Modi and Chinese President Xi Jinping agreed on the need to resolve a decades-old border dispute during talks before the BRICS summit in Brazil, a statement said yesterday. The leaders also pledged to strengthen trade and diplomatic
      AFP  -  408 words
    • Article
      Lock icon HQ of BRICS development bank slated to be in Shanghai
      585 15 Move comes despite fears that China could hijack the bank to serve its interests Reuters [NEW DELHI] Shanghai looks set to become the headquarters of a development bank being launched by the BRICS emerging market nations, despite fears by some
      Reuters  -  585 words
    • Article
      Lock icon India to spend US$25b for smooth transport flow
      660 15 Bloomberg [NEW DELHI] Indian Prime Minister Narendra Modi is pledging US$25 billion to unclog India’s choked transport links, spur power output and build cities. His plans include ferrying cargo on the Ganges and expanding gas pipelines. The 42 billion rupee (S$868 million),
      Bloomberg  -  660 words
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      115 15 Net Profit US$1.4 billion up by 7.0% on June 2013 1.4 1.3 1.1 1.0 0.7 0.6 .a Q C/3 P June June June June June June 2009 2010 2011 2012 2013 2014 $£QNB Total Assets US$127.9 billion up by 7.9% on June 2013 127 118 90 72 51 40 Q
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  • WORLD
    • Article, Illustration
      Lock icon Espirito Santo highlights eurozone risks
      1072 16 Disconnect seen between market exuberance and economic reality Reuters [LONDON] A ripple of financial contagion from a troubled Portuguese bank and a warning that markets have got way ahead of the sluggish economies that underpin them have fired up new debate about an appropriate policy
      Reuters; PHOTO: BLOOMBERG  -  1,072 words
    • Article
      Lock icon FSB gives details of plans to overhaul forex benchmarks
      518 16 Bloomberg [BRUSSELS] Global regulators published details of their plans to overhaul for-eign-exchange benchmarks in response to allegations that traders colluded to manipulate rates in the US$5.3 trillion-a-day currency market. The Financial Stability Board (FSB) proposed changes to the way the WM/Reuters
      Bloomberg  -  518 words
    • Article
      Lock icon Asset managers facing skills shortage: study
      322 16 Reuters [LONDON] Global fund management firms are struggling with a skills shortage as the industry moves towards multi-asset investing in an attempt to improve returns, a study showed. With stock markets struggling to match the stellar gains of 2013, bond markets looking overpriced and
      Reuters  -  322 words
    • Article
      Lock icon Share of wealth of top 1% in US may be higher
      248 16 Bloomberg [WASHINGTON] The oft-cit-ed line that the top one per cent of US households lay claim to 30 per cent of the nation’s wealth may be an understatement, according to a European Central Bank working paper. Incorporating “missed” data
      Bloomberg  -  248 words
    • Article, Illustration
      Lock icon After a great game, time for new Fifa goals
      938 17 Corruption, player safety, match fixing are all major issues that must be tackled NYT [RIO DE JANEIRO] When Mario Götze scored the goal that won Germany the World Cup on Sunday, it was the 171st goal of the tournament, equalling the
      NYT  -  938 words
    • Article, Illustration
      Lock icon Rise in Aussie housing debt, banks’ exposure worrying: report
      647 18 Inquiry panel also seeks views on increasing big banks’ capital requirements Bloomberg [SYDNEY] An increase in Australian housing debt since 1997 and banks’ exposure to mortgages are a significant source of risk to the country’s financial system, according to a government
      Bloomberg; PHOTO: REUTERS  -  647 words
    • Article
      Lock icon RBA expects interest rates to stay stable
      406 18 Bloomberg [SYDNEY] Australia’s central bank reiterated it expects a period of stable interest rates as the government cuts spending and the economy transitions from mining-investment led growth. “Low interest rates were working to support demand,” the Reserve Bank of Australia (RBA) said in
      Bloomberg  -  406 words
    • Article
      Lock icon US corporate loan growth signals economic rebound
      495 18 Bloomberg [NEW YORK] US banks are stepping up the pace of lending to their corporate clients in a sign of rising confidence in the world’s largest economy following the biggest contraction since 2009. Commercial and industrial lending climbed US$18.8 billion, or 1.1 per
      Bloomberg  -  495 words
    • Article, Illustration
      Lock icon Cameron reshuffles cabinet with an eye on 2015 elections
      635 19  -  Hague replaced as foreign secretary; eurosceptics and women gain power By NEIL BEHRMANN in London BRITISH Prime Minister David Cameron has wielded the knife in what is regarded as one of the most brutal cabinet reshuffles in recent UK political history.
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    • Article
      Lock icon UK inflation in June jumps to 5-month high
      614 19 Reuters [LONDON] British inflation surged to a five-month high last month and house prices rose at their fastest rate in years, prompting investors to increase bets on an interest rate rise before the end of 2014. Underlining the challenge facing the Bank
      Reuters  -  614 words
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      Lock icon Goldman surprises with 5% jump in Q2 earnings
      534 19 JPMorgan posts 8% decline in profit for the same quarter Bloomberg Reuters [NEW YORK] Goldman Sachs Group Inc reported a surprise increase in sec-ond-quarter profit as fixed-income revenue fell less than what many analysts projected and invest-ment-banking fees rose. Net income climbed
      Bloomberg; Reuters  -  534 words
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      Lock icon US healthcare firms take inversion route
      769 20 They buy overseas players and re-base abroad to escape US tax regimen NYT [NEW YORK] Healthcare companies, like many big US corporations, have a long list of complaints: regulation, global competition and, chief of all, taxes. But increasingly, drugmakers and medical device companies have
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    • Article
      Lock icon Microsoft plans biggest job cut in 5 years: sources
      470 20 It is looking to slim down and integrate Nokia’s handset unit Bloomberg [SEATTLE] Microsoft Corp is planning its biggest round of job cuts in five years, as the software maker looks to slim down and integrate Nokia Oyj’s handset unit, people
      Bloomberg  -  470 words
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      1358 16 The Business Times NOTICES CPH LTD. (Company Registration No. *****4583E) (the “Company”) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of CPH Ltd. (the “Company") will be held at 8 First Lok Yang Road, Singapore *****1 on
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      381 17 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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      241 18 JAPAN'S BEST-LOVED SICHUAN RESTAURANT 35 LEVELS ABOVE ORCHARD ROAD K J Chen's Original Spicy n L BUSINESS SET LUNCH WITH A VIEW Head over to Shisen Hanten and savour Sichuan specialities by Celebrity Chef Chen Kentaro. On weekdays, enjoy a 5-course Business Set Lunch featuring signature favourites such as Chen's
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      292 19 Krt s*. 1 1 fB SW-i ?0% or r r\- oil me, Dine Hospitality H 1 1 Double the Indulgence '\S0\aO.IU M- I t„ Oyster Occasions is back by popular demand! From now till August. 10 at Claymore pampers oyster aficionados with an indulgent 6 varieties of oysters, freshly shucked
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      1271 20 The Business Times Ik 1 f 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg i j L J www.sphclass.com.sg/notices Company Registration No: *****6466G Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Amara Hotel, Connection 1, Level 3,
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      365 21 Raise A Toast Winners SCA 2014 To The Of best managed board award Market cap of $1 b above Market cap of $300m to less than $1b Market cap of less than $300m GOLD: DBS Group Holdings Ltd GOLD: CSE Global Ltd GOLD: Baker Technology Ltd GOLD: Sembcorp Industries Ltd
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  • EDITORIAL & OPINION
    • Article
      Lock icon S’pore needs to up its game on productivity
      499 22 EDITORIAL THE unexpected broad-based slump in Singapore’s sec-ond-quarter economic results, after a fairly strong start to the year, appears to have brought out in force the bears among local economists. Factory output was flattish at a mere 0.2 per cent rise, while
      499 words
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      Lock icon Un-common sense will revamp your business
      876 22  -  THE BOTTOM LINE By STEFANO AUGELLO The writer is chief strategy officer, South-east Asia, of Havas Worldwide, a strategic communications agency “FOR every complex problem, there is a solution that is simple, neat and wrong.” This slightly bastardised quote from HL Mencken comes as
      876 words
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      Lock icon Aiming for economic clout, China eyes RMB-isation
      1180 22  -  Beijing is looking to emulate US, German investment returns By DAVID MARSH The writer is managing director of the Official Monetary and Financial Institutions Forum SENIOR US monetary officials, both in office and in retirement, habitually muse about America’s celebrated “exorbitant privilege” the
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      Lock icon EM private banking needs differ
      847 23  -  A huge, fast-growing client segment can’t be reached with traditional wealth management products By MICHAEL BENZ The writer is global head of private banking clients, Standard Chartered Bank LL across Asia, Africa and the Middle East, successful business owners are growing their wealth rapidly on
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      Lock icon Getting back India’s growth spark
      992 23  -  REUTERS BREAKINGVIEWS By ANDY MUKHERJEE REWIRING the Indian financial system might just bring back the economy’s missing growth spark. In his maiden Budget speech, the new Finance Minister Arun Jaitley asked regulators to “take early steps for a vibrant, deep and liquid corporate bond market”.
      992 words
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      Lock icon A Jokowi win will be good for investors
      801 23  -  By CHOW WING KIN The writer is investment director, Asian Equities, at Eastspring Investments THE apparent victory of Joko “Jokowi” Widodo in Indonesia’s third direct presidential election is likely to boost the country’s stock market and currency in the short term. But
      Source: IBES, MSCI, Indonesian Sector data from Thomson Reuters Datastream, as at 9 July 2014.  -  801 words
    • Article
      Lock icon China Sky investigation not yet over
      152 23 LETTER TO THE EDITOR WE refer to Mano Sabnani’s letter, “Time to end China Sky saga” (BT, July 3). The Commercial Affairs Department’s (CAD) investigations into China Sky Chemical Fibre Co Ltd (China Sky) are ongoing. The time taken for investigations depends on several
      152 words
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      103 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • Transport HUB
    • Article
      Lock icon Interferry conference looks promising
      912 24  -  Safety issues take centre stage in Vancouver on Oct 4-8; agenda covers regulatory, commercial and technical challenges STRAIT TALK By DAVID HUGHES TO MY regret, I will not be in Vancouver in early October. That is not only because it would be a nice time to
      912 words
    • Article
      Lock icon Panama Canal claim on way to arbitrage
      490 24 The US$180m claim is part of a US$1.6b cost overrun spat Reuters [MIAMI] A US$180 million claim involving the Panama Canal’s disputed US$1.6 billion cost overrun is headed to arbitration court in Miami next week, canal officials said on Monday. The claim by
      Reuters  -  490 words
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      Lock icon TRANSPORT STOCKS
      236 24 SGX '000 Jul 15 S$ +/-Vol Ch Offshore 0.46 unch 20 Chuan Hup Hldg 0.29 0.01 502 Jul 15 Cwt Limited...............1.74 unch 336 First Ship Lea 0.10 unch 7 Grand Banks unch unch 0 Jaya Hold Ltd K1Ventures................0.20 -0.01 1397 Keppel Corp 10.86 -0.02 2986 Mercator Lines unch
      236 words
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      Lock icon Hamburg expects court nod for Elbe dredging
      606 24 Bloomberg [HAMBURG] Hamburg expects a court to clear the path for dredging the navigation channel in the river Elbe in September, allowing for a rise in cargo volumes at Europe’s secondbiggest container port after years of delay. The city believes it will overcome
      Bloomberg; PHOTO: BLOOMBERG  -  606 words
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      Lock icon Concordia to be broken up for scrap
      432 24 Reuters [GIGLIO, Italy] The wreck of the luxury liner Costa Concordia was refloated on Monday and will soon be towed away and broken up for scrap, more than two years after it capsized off the Italian coast, killing 32 people. The 290 m
      Reuters; PHOTO: REUTERS  -  432 words
    • Article
      Lock icon Aussie fund sells stake in Texas LNG terminal
      262 24 Reuters [SYDNEY] Australia’s Hastings Funds Management said that it will sell its quarter stake in a Texas liquefied natural gas (LNG) terminal to US specialist fund Global Infrastructure Partners for US$1.1 billion, five-and-a-half times what it paid four years ago. The deal
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    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Creating a better air-travel experience
        815 25  -  Iata’s Fast Travel project gives travellers six time-saving, self-service options COMMENTARY By TONY TYLER The writer is the director-general and chief executive officer of Iata HIS year marks the 100th anniversary of the first scheduled commercial flight between St Petersburg and Tampa, Florida, on New
        815 words
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        Lock icon Airbus takes off with sales of US$21b
        623 25 Boeing’s tally on first day of expo comes to US$7.7b FARNBOROUGH AIR SHOW Bloomberg [FARNBOROUGH, England] Airbus Group dominated the first day of the Farnborough Air Show with a US$21 billion sales blitz to grab an early lead over Boeing Co at the
        Bloomberg; PHOTO: AFP  -  623 words
      • Article
        Lock icon Deals for Embraer, Bombardier
        351 25 Bloomberg [NEW YORK] Embraer SA won a regional-jet order valued at US$2.4 billion from a US commuter carrier while Bombardier Inc sought firm purchases for its embattled CSeries after getting commitments to buy the planes. Trans States Holdings Inc agreed to buy 50 of the E175-E2
        Bloomberg  -  351 words
      • Article
        Lock icon BOC Aviation orders 43 A320 family jets
        286 25 [SINGAPORE] Aircraft leasing company BOC Aviation has ordered 43 Airbus planes of the A3 20 family, comprising seven neos and 36 ceos across A320 and A3 21 variants. The planes are scheduled for delivery by 2019. The first eight A320ceo aircraft powered by
        286 words
      • Article
        Lock icon DHL offers shipments at -150º C temperature
        173 25 [SINGAPORE] DHL Global Forwarding has beefed up its cold chain logistics offerings with the transport of shipments at “frozen” temperatures. The latest offering is aimed at customers in the life sciences and healthcare industry. The service is maintained by DHL’s temperature management services
        173 words
      • Article
        Lock icon 40,000 passengers watch World Cup final on in-flight TV
        291 25 Bloomberg [LONDON] Germany’s 1-0 victory over Argentina in the football World Cup final on Sunday night was watched in real-time by 40,000 airline passengers, a record for a live in-flight television broadcast. Football fans on almost 200 jets operated by nine
        Bloomberg  -  291 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Toyota reclaims top spot in first half
        430 26  -  But German brands still dominate despite Cat A COE recategorisation By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] Toyota returned to the top of the table in the first half of this year, overtaking Mer-cedes-Benz, which was No 1 in the first quarter following a best-selling
        430 words
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        Lock icon Fleet of older tank cars in US set to be phased out
        659 26 Bloomberg [WASHINGTON] The oil industry and the railroads that haul its crude have offered US regulators a joint plan to phase out a type of older tank car tied to a spate of fiery accidents, according to two
        Bloomberg; PHOTO: REUTERS  -  659 words
      • Article
        Lock icon BMW car battery deal lifts Samsung SDI
        530 26 Bloomberg [SEOUL] Bayerische Motoren Werke, the world’s largest maker of luxury cars, agreed to spend billions of euros increasing its orders of Samsung SDI Co batteries that will go in BMW’s line of electric vehicles. Samsung SDI, a unit of South Korea’s Samsung
        Bloomberg  -  530 words
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        Lock icon VW picks US plant over Mexico unit for SUV
        747 26 Move will double workforce at Tennessee oufit Reuters [LONDON] Volkswagen (VW) is to spend US$900 million to build a mid-sized sport utility vehicle (SUV) at its US plant in Tennessee, nearly doubling the factory’s workforce, in an effort to revitalise sales
        Reuters; PHOTO: BLOOMBERG  -  747 words
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  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      318 25 CRYPTIC CROSSWORD Across 1 Astounded by second pick-up following boom (13) 9 Fundamental precursor to invention (9) 10 Escaped ducks adopted by London college (5) 11 Complete some without territorials (5) 12 Lacking authorisation for recess? (4) 13 Scottish family forgets name for daughter getting dressed (4) 15 Found date
      318 words
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  • Article
    Lock icon SHIPPING TIMES
    2214 27 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 27 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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      144 28 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 Can they find your
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4155 29 Transaction date: Jul 15 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 20 5.1 A-Sonic Aero Div Gr Yld Net M Cap High 159.4 130.4 AIMSAMP Cap
      4,155 words
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      Lock icon SGX CATALIST
      401 30 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 1.9 0.9 t Advanced Systems 1 unch 200 1 1 1 1.1 19.5 Last Quote Div
      401 words
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      Lock icon UNIT TRUST & FUNDS
      10413 30 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!** China Opportunities USD!** Global Emerging Markets USD Global Opportunities USD India Opportunities USD!** Indonesia Equity USD!** Malaysian
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      Lock icon GLOBALQUOTE
      249 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 62 41.5 AVJennings A55.5 -1.5 4 55.5 55.5 56 59 3.6 6.3 4.5 205.5 Vol 343 215 TanChongInt HK321 -1 33 321 321 321 326 9.7 3.3
      249 words
    • Article
      Lock icon SGX ETF
      1119 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF 115.5 +0.2 7 115.5 115.3 115.2 115.5 527.2 135.5 119 CIMB APAC Div 100S$D 134 +1.7 53 134 133.4 133.1
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      655 31 Jul 15 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.43 *****.54 *****.09 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****4 Dec14 *****.00 *****.00 *****.00 *****.00 0 ***** MSCI TAIWAN INDEX FUTURES SPOT 348.08 349.18 347.17 Jul14 345.30 347.60 344.80 346.90 ***** *****4 Aug14 342.80
      655 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 31 In local curr In S$ In US$ dy yr dy yr dy yr Jul 14 Index Change Change Change Change Change Change World Preliminary 1240.4 0.7 4.7 0.7 3.4 0.7 5.2 EAFE Preliminary 967.4 0.8 1.2 0.9 0.7 0.9 2.4 Europe Preliminary 1385.6 1.0 2.3
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 31 Jul 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.005 5.818 0.688 7.264 56.315 109.916 0.952 9.625 2.981 1.066 92.511 40.864 1.164 10.047 0.836 28.128 30.128 0.549 0.937 Canada 0.995 5.788
      471 words
    • Article
      Lock icon SIBOR
      39 31 Jul 15 (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
      74 31 Jul 15 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-16 101.23 5-Year NX*****W 2.5 01-Jun-19 106.45 10-Year NX*****H 2.750 01-Jul-23 103.68 15-Year NY*****E 2.875
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    • Article
      Lock icon PRECIOUS METALS
      121 31 Jul 15 GOLD(US$/oz) Jul 15 Jul 14 Hong Kong 1312.00 1325.00 Jul 14 Jul 11 London 1307.80 1335.25 1308.60 1335.55 Source: Thomson Reuters CAST BAR Jul 15 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 50 5gm 313 258 10gm 583 519
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    • Article
      Lock icon PALM OIL
      57 31 Jul 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2385.0 2375.0 2385.0 2375.0 14 334 Aug 14 2357.0 2345.0 2363.0 2337.0 1118 ***** Sep 14 2325.0 2298.0 2331.0 2292.0 ***** ***** Oct 14 2313.0 2284.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 31 Jul 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1639 1.1647 0.9370 0.9375 Canadian dollar 1.1579 1.1585 0.9326 0.9321 Euro 1.6921 1.6925 1.3622 1.3624 NZ dollar 1.0921 1.0927 0.8792 0.8796 Sterling pound 2.1212 2.1218 1.7076 1.7080
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 31 Jul 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1295.00 1295.75 1308.50 1293.50 Aug 14 1197.00 1195.75 1211.50 1189.00 Sep 14 1108.00 1099.25 1112.75 1093.00 Nov 14 1086.25 1075.00 1091.00 1068.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
      109 words
    • Article
      Lock icon LIFFE
      95 31 Jul 14 COCOA (£/tonne) Close Prev High Low Jul 14 1960 1959 1961 1947 Sep 14 1922 1925 1928 1912 Dec 14 1901 1904 1906 1892 Mar 15 1888 1894 1894 1884 COFFEE(US$/tonne) Close Prev High Low Jul 14 2026 2000 2032 2019 Sep 14 2023 1997 2044 2001
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      978 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 Exer Price Prem Asiatic Grp(Hldgs) Ltd W*****5 2.2 unch 26 0.0 2 14 Asiatravel.com HoldingsW*****7 4.4 1 25 0 Asiatravel.com HoldingsW*****5 6.4 1 27
      978 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 31 CRUDE OIL PRODUCTS Jul 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.40 -0.23 WTI (Near Mth) 101.01 0.34 Dubai (1-Mth F) 104.50 -1.10 Tapis blend 109.22 -1.39 Minas 104.82 -1.39 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.06 0.06 Jet Kerosene 118.15 -0.50 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 31 Jul 15 S$ Bid Offer 1-month 1.2422 1.2423 2-months 1.2422 1.2423 3-months 1.2421 1.2423 6-months 1.2420 1.2421 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 31 Jul-14 Jul-14 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1921.75 1920.00 3 months 1942.00 1941.00 Copper, Grade A(US$/tonne) Cash 7121.50 7173.50 3 months 7122.50 7156.00 Lead(US$/tonne) Cash 2189.50 2185.50 3 months 2213.00 2206.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.50 3 months
      66 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 31 As at 9am Jul 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.193 1.137 Can dollar 1.180 1.135 Euro 1.730 1.648 Sterling pound 2.161 2.078 NZ dollar 1.120 1.077 US dollar 1.266 1.206 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      158 31 Jul 15 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.07 US$ 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
      158 words
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      59 32 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 Chauffeur-drive service in over 70 cities Lie-flat Business Class seats~ Gourmet cuisine For more details, visit emirates.com/sg, call
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon All’s calm on the Nikkei front
      1067 33 Volatility index falls to seven-year low amid unprecedented easing by the Bank of Japan Bloomberg [SINGAPORE] CROSS global stock markets, nowhere is calm descending faster than in Japan. The Nikkei Stock Average Volatility Index, which tracks the cost of options on the Nikkei 225
      Bloomberg; PHOTO: REUTERS  -  1,067 words
    • Article, Illustration
      Lock icon Value stocks get the upper hand
      1166 32 Growth investing has ceded ground to value investing in the US, with many growth investors taking their lumps, especially in smaller stocks EXECUTIVE MONEY NYT IN 2013, the Buffalo Emerging Opportunities fund returned a stunning 61.7 per cent. Lipper, which tracks mutual funds, named
      NYT; PHOTO: AFP  -  1,166 words
    • Article, Illustration
      Lock icon Sticking to a deepvalue approach
      707 32  -  Franklin aims ‘to buy US$1 worth of assets for 60-70¢’ By GENEVIEVE CUA gen@sph.com.sg US stocks have been on an uptrend over the past 4-5 years, but you can always find “areas of scepticism”, says Franklin Mutual Advisers institutional portfolio manager Paul de Leon. Mr
      707 words
    • Article
      Lock icon Individuals rush in just as pros think the bull is spent
      820 32 Bloomberg [NEW YORK] Main Street and Wall Street are moving in opposite directions. Individual investors are ploughing money back into the US stock market just as professional strategists say gains for this year are over. About US$100 billion has
      Bloomberg  -  820 words
  • Page 33 Advertisements
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      Lock icon Page 33 Advertisements Column 1
      769 33 Allianz Income and Growth 3-in-1 Investment Strategy for the US Market mP (k r> s Sou n\V\DENDP^S B E E www.allianzincomegrowth.sg Score multiple income and growth opportunities through the combination of: US High-Yield Bonds Potential low default rate and stable income US Convertible Bonds Upside participation and less downside volatility
      769 words
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  • Article, Illustration
    Lock icon Plenty of Value in Asian Stocks
    998 34  -  Asian equities are poised for a more robust second half in 2014. In this second feature of a three-part weekly series, Citi's Markus Rosgen provides an outlook for markets in the region. A Special Feature Presented By Citigold Private Client THE ECONOMY IN PERSPECTIVE
    998 words
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      Lock icon Page 34 Advertisements Column 1
      346 34 Citigold Private Client Opportunities. Which do you choose? Our Citigold Private Clients have access to research and advisory for that additional edge that lets them harness potential opportunities globally. Leverage on our proprietary tools like the portfolio risk evaluator tool* to understand your risks so that you can invest with
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  • Singapore Corporate Awards
    • Article, Illustration
      Lock icon DARE TO DREAM
      447 1  -  Andrea Soh sandrea@sph.com.sg @AndreaSohBT A CEO must dare to dream, says Tang Kin Fei, head of Sembcorp Industries and winner of the Singapore Corporate Awards’ Best CEO award for companies with more than $1 billion in market capitalisation. “As a leader, you need vision and commitment to
      PHOTO: FREEIMAGES.COM  -  447 words
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      Lock icon Build a good foundation: Sembcorp CEO
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      218 1 CONTENTS Top CFOs dish out words of wisdom IPAGE 12 Transparency builds trust: CapitaLand IPAGE 14 Data analytics in the boardroom IPAGE 15 What strategic CFOs do differently IPAGE 14 More than just the Companies Act IPAGE 6 What makes for a top-rate board? IPAGE 8 ■■In kl ti n
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      68 2 V Spagjjsl 1 Tonw ACS 10 Sok3 iiSbg FiesW Ketchup 4*i bva C •aw At the Singapore Corporate Awards 2014, Del Monte Pacific Ltd is once again honoured to be recognised among the best. Best Investor Relations (Bronze) Best Annual Report (Bronze) Market capitalisation of $300 million to less than
      68 words
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      92 2 fj o *1 u hvmwmmmi China Aviation Oil (Singapore) Corporation Ltd is honoured to be conferred the Singapore Corporate Awards for Best Investor Relations (Silver) Best Annual Report (Bronze) (Companies with $300 million to $1 billion in market cap) We remain committed to upholding the highest standards of corporate governance
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      457 3 DBS. Leading the way at the Singapore Corporate Awards D. DBS «*«3j "HOI Mllij* Mnn JMtUCKa ilili nn Bffiis 111 1 V. VOMi nr3i Ir-J V. P ■uej&iaMi IJllJ.8. jr* •1 UaViS RUJ. BUM —if i.-j.rv. Ui J#*Hi 121 {uaniliv 1 •i n ■^nr 2 *dit.omi4s U -i r-n Taiwwtii.-!-mmm
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      84 4 M I V i« Stadium Circle Line Station Moving People, Enhancing Lives At SAART, we deliver excellence in service and value to our commuters, shareholders and the community. We are distinguished by our sound corporate governance, commitment to sustainable development and responsibility to our stakeholders. Singapore Corporate Awards 2014 Best
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      162 5 ONE CAPITALAND As ONE CapitaLand, we aim to achieve greater heights through enhancing returns and creating sustainable value for our shareholders. It is an honour to be recognised for our corporate governance and shareholder communication efforts. We will work towards building CapitaLand into a leading global enterprise that will enrich
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      65 6 Midas Holdings Limited SINGAPORE CORPORATE AWARDS 2014 The Board and Management of Midas Holdings Limited are proud to congratulate our Chief Executive Officer, Mr. Patrick Chew for receiving the Best Chief Executive Officer Award (Companies with $300 million to less than $1 billion in market capitalisation) at the Singapore Corporate
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      147 7 Committed to Best Practice Corporate Governance, Committed to Growing Sustainable Businesses At Sembcorp, we are committed to growing sustainable businesses businesses that support development, improve quality of life and deliver long-term value and growth. We recognise that the long-term success of our businesses rests on the bedrock of high standards
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      93 8 r Congratulations MR DOMINIC SIU MAN KIT Group Chief Financial Officer on being awarded the U BEST CHIEF FINANCIAL OFFICER Companies with less than $300 million in market capitalisation Jm at the SINGAPORE CORPORATE AWARDS 2014 MTQ SINGAPORE CORPORATE AWARDS 2014 OILFIELD ENGINEERING NEPTUNE ENGINE SYSTEMS O Aberdeen VISION To
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      207 9 Smart thinking. Safe hands. It M w SINGAPORE CORPORATE AWARDS 2014 ROTARY Mr. Phillip Choo Peng Leong Companies with $300 million to $1 billion in market capitalisation Rotary Engineering Limited is one of the region's leading oil and gas infrastructure services companies with extensive international experience offering fully integrated engineering
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      127 10 Leading the way CSE GLOBAL IS HONOURED TO BE AWARDED GOLD FOR BEST MANAGED BOARD AT THE SINGAPORE CORPORATE AWARDS 2014. Automation Environmental Telecommunication Building modern, best practices. Committed to global growth. Instilling a culture of active corporate governance. That’s CSE Global. Leading the Way. CSE is a leading systems
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      347 11 ASL Marine Holdings Ltd. i o»«4? "*r ■rjM 'W w: 9 L Z sa* b—r. y s-^rog v. 4. m ft. •SINS, I...I, Sl*-^ •w.. Lj s •T'ii.iffJP 1 r r 1- ■V. "■i E »ERS, a *7 JUf- J WVMWKK V’fc. r-r. 1^' jS|S»!Sg|fsi 5K7*|f<S I--' f. > v-
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      90 12 m mm !’S m i If! ~3 jr Across every continent, our track record of technological innovations and on-time delivery has ensured our customers reach their goals faster and more efficiently. That is why we do not just build to order, we also build to stock to help you deliver
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      41 13 A Mr Glenndle Sim on being awarded the Best Chief Executive Officer Companies with less than $300 million in market capitalisation Singapore Corporate Awards 2014 a A SINGAPORE CORPORATE AWARDS 2014 rariner ram Heartiest Congratulations from x DBS Living, Breathing Asia
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      128 14 1 JOSH 25 200 250ml 100ml 100ml 150 o 100 MegaCherrf 100 m 12 50 52 Developing Strong Chemistry Worldwide MegaChem is honoured to be a recipient of the Singapore Corporate Awards 2014 in the categories of ‘Best Annual Report (companies with less than $300 million in market capitalisation) Bronze’
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      199 15 BAKER Technology limited r fj 1 zon orate SINGAPORE CORPORATE AWARDS 2014 Herd "Managed Hoard Qdd Herd -Annual Heport Silver (For companies with less than $300 million in market capitalisation) 00® Home grown Fast growth Investor friendly We are honoured to be recognised at the Singapore Corporate Awards 2014, for
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      39 16 IS HONOURED TO BE CONFERRED THE GOLD AWARD FOR BEST INVESTOR RELATIONS (MARKET CAPITALISATION OF $1 BILLION ABOVE) AT THE SINGAPORE CORPORATE AWARDS 2014 WE SHALL REMAIN STEADFAST IN UPHOLDING THE MOST EXEMPLARY CORPORATE GOVERNANCE AND INVESTOR RELATIONS PRACTICES.
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