The Business Times, 22 July 2014

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, July 22, 2014
    25 words
  • Article, Illustration
    Lock icon Regulator plans new rules to shield investors
    766 1  -  MAS says they’ll apply to assets such as land banks, gold and other physical assets By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT [SINGAPORE] The Monetary Authority of Singapore (MAS) yesterday proposed a set of regulations to boost investor protection, with new rules for investments linked
    Source: MAS  -  766 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,314.27 (+3.74) GST INDEX FUTURES 3,311.00 (+3.00) GSIMSCI 378.34 (+0.40) GSIMSCI FUTURES 377.60 (+0.30) US$ S$ US$ (S$ per US$) 1.241 (US$/S$ per 1.707 2.119 EURO (US$/S$/€ 1.352 1.679 Foreign currency per US$ S$ YEN 101.30 81.60 RM 3.175 2.558 HK$ 7.752 6.246 BAHT 32.02 25.80 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,868.64 -4.33 NIKKEI 225 Closed HANG SENG 23,387.14 -67.65 SET INDEX 1,538.55 +5.14 JAKARTA COMP 5,127.12 +40.11 MANILA COMP 6,874.88 +21.81 SEOUL COMP 2,018.50 -0.92 SHENZHEN B 889.87 +4.57 MUMBAI IND 25,715.17 +73.61 12 noon EDT Change DOW 17,037.05 -63.13 NASDAQ 4,416.60 -15.55
      48 words
    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE MALAYSIA HONG KONG HONG KONG 6.55 5.00 INDONESIA 15.335 KOREA 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
      23 words
  • Article, Illustration
    Lock icon Rising geopolitical risks may not dent asset prices
    747 1  -  By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT [SINGAPORE] With a sudden escalation of geopolitical risks last week, markets are due for a bout of renewed volatility. But market players say this does not necessarily mean asset prices would fall. All eyes are on a
    Source: Bloomberg; Source: Fidelity, Datastream, Seasonality of VIX Volatility Index, Feb 1990 to June 2014  -  747 words
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      226 1 COMPANIES Dilution led Ascott Reit’s DPU to dip in Q2 PAGE 5 ASIAN LEADERS Managing by box-ing page 11 COMMENTARY Hillary Clinton’s rocky road to the White House PAGES 22 SME Inc Gaining from integrated cost control PAGE 12 *****1 11 *****4 rTj ''a k SS* l n uviK r\j
      226 words
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  • TOP STORIES
    • Article
      Lock icon Scrutiny may go beyond ‘retail’ foreign banks
      952 2  -  Systemic importance here and exposure to short-term funding key criteria NEWS ANALYSIS By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT [SINGAPORE] The latest move by Singapore to regulate and supervise a list of “too big to fail” banks may not just target foreign lenders with a
      952 words
    • Article
      Lock icon Halcyon Agri’s 5-year bonds subscribed by 16 times
      329 2  -  By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] Halcyon Agri Corp’s five-year maiden bond issue was subscribed a staggering 16 times with orders of over $2 billion received for the $125 million 5NC3 on offer, DBS Bank said yesterday. 5NC3 means the issuer
      329 words
    • Article
      Lock icon Singaporeans still see downtrend in inflation
      626 2  -  Property cooling measures, increase in vehicle quota cited By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT [SINGAPORE] Singapore consumers continue to see inflation easing in the next one year, thanks to the recent property cooling measures and increase in vehicle quota, but economists warn that external risks
      626 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      332 2 MAS proposes investor protection rules THE MAS has proposed a set of regulations for investments linked to land banks, gold, and other forms of physical assets. FRONT PAGE Geopolitical events add to market risks WITH a sudden escalation of geopolitical risks last week, markets are due for renewed
      332 words
    • Article, Illustration
      Lock icon Q1 tourist arrivals stay flat on low China volumes
      576 2  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Dragged down by lower volumes from China, visitor arrivals to Singapore remained flat in the first quarter of this year at 3.9 million, although tourism receipts edged up 5 per cent year on year to
      PHOTO: AFP  -  576 words
    • Article, Illustration
      Lock icon Irrational markets ignore global trouble spots
      856 4  -  Geopolitical events can affect growth, investment and jobs, say economists By NEIL BEHRMANN By in London THE increase in geopolitical stress relating to Russia, Iran, Iraq and Israel and Gaza has hardly jolted markets. Besides the obscenity of war, notably the deaths and maiming
      PHOTO: AFP  -  856 words
    • Article, Illustration
      Lock icon Chappati maker rolls out the dough
      513 4  -  Several thousands of units are estimated to have been pre-sold By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] Talk about rolling in the dough. It is what the Singa-pore-based developers of a chappati-making machine are doing, as customers from here and the US have snapped up
      FILE PHOTO  -  513 words
    • Article, Illustration
      Lock icon Beleaguered MAS to present turnaround plan
      790 4 Bloomb erg AFP [KUALA LUMPUR] Malaysia Airline System, the carrier whose jet was shot down over Ukraine last week, will present a turnaround plan this week to the government fund that controls it, people familiar with the matter said. The proposals to be presented
      Bloomberg; AFP; PHOTO: REUTERS  -  790 words
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      33 2 I 1 I ?>■/< fi- V. Dezza 24. designed by Gio Ponti Poltrona Frau mm m 19 2 Scotts Square #03-08/10, 6 Scotts Road, Singapore *****9 ph: +65 6636 0080 poltronafrauOproof.com.sg www.proof.com.sg PROOF LIVING
      33 words
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      60 3 PAT® PHILIPPE GENEVE y Begin your own tradition. i* 4* 1 0K m *> K oa i IK o I i* w,*. il :AWM«afewM wm WMiMm v.' Calibre 89: released in 1989 to mark Patek Philippes 150th anniversary and 25 years later remains the most complicated timepiece in the world.
      60 words
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      184 4 50 Anniversary Be the master in business. It’s possible. One of the largest and most modern business school in the UK A professional university that fosters valuable workplace skills Lectures delivered by faculty members direct from ENU Master of Science Business Management (Entrepreneurship) Business Management (Human Resource Management) Business Management
      184 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Ascott Reit’s post-rights Q2 DPU falls to 2.19 cts
      819 5  -  Trust declares DPU of 3.94 Singapore cents for the first half of this year By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT ASCOTT Reit’s distribution per unit (DPU) fell 11 per cent to 2.19 Singapore cents for its second quarter ended June 30, due
      ST FILE PHOTO  -  819 words
    • Article
      Lock icon K-Reit sees upside in office rents
      586 5  -  Q2 DPU falls 3.6% on lower rental support from sponsor Reports by LYNETTE KHOO lynkhoo@sph.com.sg@LynetteKhooBT KEPPEL Reit (K-Reit) is expecting strong upside in office rents as leasing activities, especially in Singapore’s CBD, remain buoyed by the tight office supply situation. But it is not
      586 words
    • Article
      Lock icon FrasersCom’s Q3 DPU stays at 2.19 cts
      368 5 FRASERS Commercial Trust (FCOT) reported a flat distribution per unit (DPU) of 2.19 Singapore cents for the third quarter ended June 30, as the cost savings from its buyback of convertible perpetual preferred units (CPPU) were offset by lower net property income (NPI).
      368 words
    • Article
      Lock icon KepInfra Trust expects asset performance to stay stable
      275 5  -  Reports by MINDY TAN tanmindy@sph.com.sg @MindyTanBT KEPPEL Infrastructure Trust’s (KIT) net profit for the second quarter ended June fell 13.4 per cent to S$3.34 million from S$3.86 million a year ago. The business trust, previously named K-Green Trust, posted a 2 per
      275 words
    • Article
      Lock icon MLT’s Q1 DPU up on improved results
      298 5 MAPLETREE Logistics Trust (MLT) posted improved results for the first quarter ended June 30, with available distribution per unit (DPU) rising 5.6 per cent from 1.80 Singapore cents to 1.90 Singapore cents. This was on the back of amount distributable to unitholders increasing
      298 words
    • Article
      Lock icon M1’s Q2 profit up 12.1%
      651 7  -  13.3% fall in cost of sales helps group chalk up earnings of $44m By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT M1 has posted a 12.1 per cent increase in net profit to S$43.9 million for the second quarter ended June 30, on lower cost of sales. While
      651 words
    • Article
      Lock icon Sembcorp Marine wins S$600m deal from French O&G company
      293 7  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT SEMBCORP Marine, through wholly owned subsidiary Sembawang Shipyard, has secured a S$600 million contract from French oil and gas company Saipem, in relation to the Kaombo Project in offshore Angola. Under the contract, Sembawang Shipyard will
      293 words
    • Article
      Lock icon Kingsmen bags S$25.2m KidZania contract
      321 7  -  It will provide fit-out works for the centre at Palawan Beach By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT KINGSMEN Creatives has clinched a S$25.2 million contract involving fit-out works for KidZania Singapore, a children’s indoor edu-tainment centre that is springing up at Sentosa’s Palawan Beach next year.
      321 words
    • Article, Illustration
      Lock icon SMRT, SBS to be fined S$1.65m
      583 8  -  Penalties will go to a fund that helps needy families with transport fares By SAMUEL EE samuelee@sph.com.sg SMRT will be fined S$1.6 million for four service disruptions on the North-South and East-West Lines, while SBS Transit will have to cough up S$50,000 for one
      583 words
    • Article
      Lock icon Accordia Golf Trust units from S$0.97 each
      369 8  -  By CARINE LEE carinel@sph.com.sg @CarineLeeBT ACCORDIA Golf Trust (AG Trust), a business trust owning golf courses in Japan, has launched its initial public offering for a Singapore listing to raise gross proceeds of up to S$782 million, the biggest IPO on the Singapore
      369 words
    • Article
      Lock icon Marble producer launches IPO
      262 8  -  By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT A PREMIUM-quality marble producer has launched an initial public offering (IPO), seeking to list on the Catalist board of the Singapore Exchange. Terratech Group Limited, a Singapore business, launched its IPO of 108.7 million shares, comprising 43.5 million new shares and
      262 words
    • COMPANY BRIEFS
      • Article
        Lock icon Mapletree Log to buy Henan property
        72 8 MAPLETREE Logistics Trust has signed a memorandum of understanding (MOU) with its sponsor, Mapletree Investments Pte Ltd, to acquire Mapletree Zhengzhou Logistics Park (MZLP) in Henan, China, for 205.6 million renminbi (S$41.1 million). The MOU is subject to the execution of a formal sale
        72 words
      • Article
        Lock icon Hyflux to issue perps to raise S$175m
        65 8 HYFLUX has proposed to issue S$175 million worth of perpetual capital securities with an interest of 4.8 per cent. The first distribution rate re-set will fall on July 29, 2016, and subsequently every two years. The distribution will be payable semi-annually in arrears
        65 words
      • Article
        Lock icon Tee Land Q4 earnings soar to S$5.6m
        69 8 TEE Land’s net profit for the fourth quarter ended May 31 soared to S$5.6 million from S$723,000 in Q4 2013. This was buoyed by share of associates results, which more than doubled to S$4.6 million from S$2 million a year before. But revenue
        69 words
      • Article
        Lock icon mDR unit in Myanmar SIM distribution
        72 8 mDR Limited announced that MDR Golden Myanmar Sea Company Limited, the business partner of the company’s subsidiary, MDR Myanmar Company Limited, has executed a three-year distribution agreement with Ooredoo Myanmar Limited to distribute SIM cards, top-up cards and such other telecommunication services related products
        72 words
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      195 5 WORLD’S FINEST SERVICED OFFICES SERVICED OFFICES For the 1-10 person business v Fully furnished prestigious offices v Business registration offices available v Dedicated receptionist answering your calls the way you would like v Meeting rooms, bilingual secretaries v Global IT infrastructure v 5 days free at any location across the
      195 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI unfazed by geopolitical tensions
      640 6  -  Index climbs for the fifth consecutive session to another 52-week high STOCKS ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent ANGUISH and anger mounted over the tragic downing of Malaysian Airlines flight MH17 over Ukraine’s troubled airspace and the crisis in Gaza persisted. But they left little
      Source: Bloomberg  -  640 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jul 21 VALUE CLOSE BT OB/OS -98.00 +36.00 BT CADI -*****.00 +21.00 BT 10-day MA -*****.00 -10.00 FTSE ST Mid Cap 781.69 +3.01 FTSE ST Small Cap 566.21 +1.84 FTSE ST All Share 808.66 +1.39 FTSE ST China Top 198.27 +0.30 FTSE ST China 227.20 -0.08 FTSE
      77 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 6 VOLUME Jaya 109,493,000 SIIC Environment 92,873,000 OLS Enterprise 80,927,000 China Fibretech 79,917,000 APAC Strategic 76,349,000 Artivision Tech 48,856,000 China Gaoxian 39,166,000 KLW Hldgs 38,901,000 IHC 33,364,000 China Taisan 31,335,000 VALUE($) DBS Grp 38,791,864 UOB 35,471,590 CapitaLand 32,749,195 SingTel 30,511,150 JMH 400 USD 19,498,719 RH PetroGas 16,179,455 Keppel
      61 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 5 0 0 0 7 3 5 Manufacturing 43 44 46 7 8 9 50 52 55 Commerce 19 18 23 0 8 4 19 26 27 Tpt/Stor/Comms 13 15 16
      186 words
    • Article
      Lock icon BROKERS’ TAKE
      1020 6  -  Compiled by CAI HAOXIANG Sembcorp Marine July 21 close: S$4.09 DMG Partners Research, July 21 SEMBCORP Marine announced that its wholly owned subsidiary, Sembawang Shipyard, has secured a Floating Storage Production Offloading conversion contract worth S$600 million from France’s Saipem SA to convert two Very Large Crude Carrier
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,250 11,250 30,815 30,815 Manufacturing 319,564 95,033 414,597 94,276 6,815 101,091 Commerce 55,879 48,101 103,980 54,859 3,623 58,482 Tpt/Stor/Comms 172,259 1,355 173,614 96,092 151 96,243 Finance 15,117 2,411 17,528 93,405 771 94,176 Construction 15,833 17,178
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      116 6 Stock name Close Change Ascendas Reit 2.330 CapitaLand 3.290 +0.030 CapitaMall Trust 1.985 +0.005 CityDev 10.350 -0.010 ComfortDelGro 2.580 +0.020 DBS Grp 17.480 +0.050 Genting Sing 1.320 -0.005 Global Logistic 2.750 -0.010 Golden Agri-Res 0.555 HPH Trust USD 0.740 HongkongLand USD 6.770 -0.010 JMH 400 USD
      116 words
    • Article, Illustration
      Lock icon Wobbly European stocks underpin yen
      413 6 CURRENCIES Reu ters [LONDON] The yen and Swiss franc climbed yesterday, supported by safe-haven inflows as European stocks stumbled, while the US dollar was pegged back against the euro by subdued US yields. Volumes were light though, due to a holiday in Japan. Germany’s stock
      Reuters; PHOTO: REUTERS  -  413 words
    • Article
      Lock icon RISES
      112 6 BY CENTS CLOSE UP Lyxor Indonesia10US$ 9602 250.7 2.1 IS S&P500 ***** 183.7 0.8 SPDRS S&P 500 10US$ ***** 156.4 0.6 Lyxor ThaiSET 10US$ ***** 112.9 0.7 SPDR DJIA 10US$ ***** 79.4 0.4 DBXT Nifty 10US$ ***** 77.0 0.5 DBXT MSAsExJp 10US$ 3672 49.6 1.1 DBXT iBoxxKR 5US$ *****
      112 words
    • Article
      Lock icon FALLS
      131 6 BY CENTS CLOSE DOWN Jardine C&C 4609 -53.0 -1.1 DBXT DBLCI-OY 5US$ 3377 -26.1 -0.6 DBXT USDIGInfl 5US$ ***** -23.6 -0.1 DBXT DBCBDJUBS 10US$ 2899 -21.1 -0.6 DBXT EONIA 5US$ ***** -17.4 -0.1 Lyxor Europe 10 US$ 1566 -17.4 -0.9 DBXT AUDCS 5SG$ ***** -15.0 -0.1 DBXT E50 10US$
      131 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      553 7 TERRATECH GROUP LIMITED (Company Registration No.: CT-*****5) (Incorporated in the Cayman Islands on 15 March 2013) PRODUCER OF PREMIUM-QUALITY MARBLE Placement of 108,700,000 Placement Shares comprising 43,500,000 New Shares and 65,200,000 Vendor Shares at S$0.23 for each Placement Share, payable in full on application THE GROUP WHY INVEST IN US?
      553 words
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      320 8 mm Bis ft EE P 3E 3s;.’ Ss: PE mm f A •$R= tSs:. ‘‘S”;:: gs;; S3:;.’ rfegs::: gf?:-;-: jSRSJih:-.' nit! 'in, R III > 5 ■•■■■ni mft v II s<—^ .-IB 1 1 r*—. I -II 9 r- 19 •IE! •ft •III. «R SEMINAR TOPICS SPEAKERS Private Residential Market
      320 words
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      1564 9 Singapore’s first listed business trust with golf course assets in Japan PUBLIC OFFERING OF 41,163,000 UNITS Offer for subscription by Accordia Golf Trust Management Pte. Ltd. as trustee-manager (the “Trustee-Manager”) of Accordia Golf Trust (“AG Trust”) Offering Price Range: Between S$0.97 and S$1.00 per Unit ANNUAL DISTRIBUTION YIELD OF 9.1%(1)
      1,564 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Shophouse in Telok Ayer put up for sale
      371 10  -  Euro Group’s asking price for 999-year leasehold property is S$20-22m By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT EURO Group, which is involved in a range of businesses including real estate, has appointed Cushman Wakefield to find a buyer for a three-storey shophouse located a
      371 words
    • Article
      Lock icon Boost for skills devt in port operations, data analytics
      386 10  -  PSA, ITE sign S$2.4m accord; Sparkline to train 20 fresh grads By SHEENA TAN tsheena@sph.com.sg TALENT training for the port operations and data analytics sectors received a boost yesterday, with two separate announcements about industries chipping in to build up their
      386 words
    • Article
      Lock icon OCBC seeks organiser for cycling event
      421 10  -  It’ll launch tender today, 2 weeks after splitting with Spectrum Worldwide By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT OCBC Bank is on the hunt for a new event organiser to run its annual OCBC Cycle event in Singapore and Malaysia. The local bank is launching a
      421 words
    • Article
      Lock icon Three GB Building office floors up for sale
      367 10  -  By SHEENA TAN tsheena@sph.com.sg ABOUT 16,000 square feet of office space spanning three contiguous floors in GB Building in the Central Business District (CBD) have been put on the market for between S$32.1 million and S$33.7 million, or b e t ween
      367 words
    • Article, Illustration
      Lock icon Talent still at heart of SPH strategy: Dr Lee
      368 10  -  By CAI YONG caiyong@sph.com.sg TALENT is the key to success in today’s rapidly changing media landscape, said Lee Boon Yang, chairman of Singapore Press Holdings (SPH), yesterday. For the media company, the availability of digital alternatives to its newspapers and magazines
      PHOTO: CAROLINE CHIA/THE STRAITS TIMES  -  368 words
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      240 10 BUILDING A NATION: TOMORROW Challenges and Possibilities for a Liveable Singapore A world class city is at its crossroads. Besides building efficient infrastructure for housing, transport and industry, much effort has also been invested to transform our Garden City into a City in a Garden with a growing population. How
      240 words
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  • DBS ASIAN LEADERS INSIGHTS
    • Article, Illustration
      Lock icon Managing by box-ing
      1439 11  -  CWT chief’s idea is to put his executives in a role where they can shine and let them do their thing. KANreports FRANCIS KAN LOI Pok Yen has been obsessed with boxes of late. Not the containers that his logistics group ships to ports in over 50
      FILE PHOTO  -  1,439 words
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      92 11 £t\/jlau i?aviK ls\00 D&Op/yZLA/O 'j'bf Ouus>, ia ;o<4< •ft**' y oU CjdjU ooo. Lawrence Lua Managing Director Head of Private Bank South and Southeast Asia Best Private Bank, Singapore 2014, Euromoney and FmanceAsia. Best Private Bank, Singapore 2013, Professional Wealth Management/The Banker. Start a conversation with us at +65 6227
      92 words
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  • SME Inc
    • Article, Illustration
      Lock icon Gaining from integrated cost control
      964 12  -  SMEs that maintain a healthy cash flow are able to weather any storm and quickly re-strategise in tough times COMMENTARY By NIGEL FOX The writer is vice-president and general manager, global corporate payments, at American Express International Inc ACED with a combination of rising business
      964 words
    • Article, Illustration
      Lock icon Making cryptocurrency mining their business
      566 13  -  Local startup specialising in Litecoins started with an investment of S$200,000 and is now valued at S$600,000, AMANDA EBER reports reports AMANDA EBER aeber@sph.com.sg LOCAL startup CloudMining.SG, Singapore’s first cryptocurrency mining operation, specialises in the mining of Litecoins, an alternative to the Bitcoin payment system.
      PHOTO: YEN MENG JIIN  -  566 words
    • Article, Illustration
      Lock icon Penny for your thoughts
      759 13 FOR Johnny Lam, executive director of Profoto, the most effective way to engage employees lies in the very act of seeking out the thoughts and ideas of his staff. This approach best encapsulates the ethos behind the commercial photographic printing company’s talent management strategy, which revolves
      PHOTO: YEN MENG JIIN  -  759 words
  • Page 12 Advertisements
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      65 12 Regus 15 prestigious business addresses across Singapore Quick and easy to set up Flexible terms to suit all businesses Personalised call answering in your company name Unlimited access to business lounges and cafes Singapore Orchard Tampines Junction s piac| n5aw ,'r Juntos Marina Bay Call us now and enjoy 1
      65 words
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      67 12 www.comexshow.com.sg SINGAPORE’S LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IS BACK! 28 31 August 2014 SUNTEC Singapore Levels 3, 4 6 Sell your tech products services to over 600,000 consumers directly Leverage on an unrivalled publicity campaign Book Your Space NOW! *Limited BoothsAvailable (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR,
      67 words
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      101 12 Sri Lanka Hospitality Investment Conference 25-27 August 2014 Colombo, Sri Lanka V. A New Era Uncovering your next hospitality investment opportunity in Sri Lanka YOUR ONLY OPPORTUNITY! Why Sponsor? Showcase your products and services to hospitality investors and hotel management groups Be recognized as a leader in your industry Face
      101 words
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      166 13 YEARS of BUSINESS EXCELLENCE Productivity, Innovation Growth PRODUCTIVE ii By adopting the BE framework, we have put in place best practices in our operations and established a systematic approach to achieve high performance and value creation. Our BE journey has created an environment for customer-centric processes and solutions, with our
      166 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon KL South moving into investors’ radar
      561 14  -  Property prices on the way up, driven by expectations of greater connectivity By PAULINE NG in Kuala Lumpur KL SOUTH, or, more specifically, the Kajang-Semenyih area, is shaping up as Greater Kuala Lumpur’s new growth area and a property hotspot. Its relatively cheap real
      561 words
    • Article, Illustration
      Lock icon Foreign banks may have to give up control of Indonesia lenders
      531 14 Jakarta mulling law to force them to sell down their stakes Reuters [JAKARTA] Indonesian lawmakers are considering a Bill that will force foreign banks to sell down majority stakes in local lenders, which, if approved, would drive away the
      Reuters; PHOTO: BLOOMBERG  -  531 words
    • Article
      Lock icon Moody’s assigns AAA ratings to CIMB
      266 14 [KUALA LUMPUR] Moody’s has assigned AAA long term issuer ratings to CIMB Group Holdings Bhd. This is the first time that Moody’s has assigned ratings to the group, Malaysian daily Business Times reported. It also issued Prime-2 short term issuer ratings to the group.
      266 words
    • Article
      Lock icon Indonesian bank shares seen losing shine
      277 14 Reuters [JAKARTA] Shares of Indonesian banks may be forced off their record highs this week when they report sec-ond-quarter earnings that could show the impact of tight funding conditions and slowing loan growth in the economy. Banking shares have outperformed the Jakarta stock exchange
      Reuters  -  277 words
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      283 14 Keppel Infrastructure Trust (Business Trust Registration No. *****02) (Constituted in the Republic of Singapore as a business trust pursuant to a trust deed dated 23 July 2009 (as amended)) Notice of Books Closure Date Distribution Payment Date Notice is hereby given that the Unit Transfer Books and Register of Unitholders
      283 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Food chains say sorry over stale meat scare
      525 15 McDonald’s, Yum stop using Shanghai supplier shut down by China regulators Reu ters [SHANGHAI] US fast food chains McDonald’s Corp and KFC-parent Yum Brands Inc yesterday apologised to Chinese consumers and said they will stop using a Shanghai meat supplier after Chinese
      Reuters; PHOTO: AFP  -  525 words
    • Article
      Lock icon Huawei’s H1 revenue up 19% at 135.8b yuan
      246 15 Reuters [TAIPEI] Huawei Technologies, the world’s No 2 telecom equipment maker, said yesterday that it will achieve sustainable growth in 2014 after posting a 19 per cent jump in first-half revenue to 135.8 billion yuan (S$27.14 billion). The Shenzhen-based company also said
      Reuters  -  246 words
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      Lock icon Swiss, China central banks to set up currency swap line
      503 15 Bloomberg [ZURICH] The Swiss National Bank (SNB) and the People’s Bank of China (PBC) agreed to establish a bilateral currency swap line, bolstering access to trade finance in the Swiss franc and strengthening the international use of the yuan. The
      Bloomberg; PHOTO: BLOOMBERG  -  503 words
    • Article, Illustration
      Lock icon Leeway to tap markets lifts Indian banks
      751 15 Easier funding access to boost lending and profits Bloomberg [MUMBAI] Confidence in Indian banks is rising the most in Asia as Prime Minister Narendra Modi gave lenders more leeway to raise funds in bond and stock markets. The average cost of credit default
      Bloomberg  -  751 words
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      98 15 "IG GIVES ME ALL THETOOLS I NEED TO TRADE GLOBAL MARKETS I'U ACCESS FOREX, SHARES, INDICES AND COMMODITIES WITH CFDs ON OUR AWARD-WINNING PLATFORM Find out more at our storefront office on Battery Road or IG.com.sg CFD trading can result in losses that exceed your initial investment. CREATING OPPORTUNITY CFDs
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  • WORLD
    • Article
      Lock icon Finance professionals dislike dark pools
      937 16 High-frequency trading’s impact on markets also viewed negatively: Bloomberg Global Poll Bloomberg [NEW YORK] Dark pools and high-fre-quency traders, two elements of the electronic US stock market whose rise has been decried in books and Congress, are finding little support among financial professionals. At least
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      Lock icon S Korea officials see rising risks to growth
      609 16 But they did not say if it warrants an interest rate cut Reuters [SEOUL] South Korea’s top two economic policy officials agreed yesterday that downside risks to growth were increasing but did not say whether they saw the economy as weak enough
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      Lock icon Allianz stands by Pimco’s Bill Gross as fund trails peers
      990 16 Bloomberg [MUNICH] Allianz, Europe’s biggest insurer and owner of Pacific Investment Management Co (Pimco), is standing by chief investment officer Bill Gross as his main fund trails peers and struggles with a record streak of investor redemptions, calling him an
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      Lock icon More US govt agencies seeing importance of data
      657 17 Creation of chief data officer role reflects progression WP [WASHINGTON] At a conference in San Diego last week, Commerce Secretary Penny Pritzker announced that the Commerce Department is creating a new internal position: chief data officer. The new officer will help the
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    • Article
      Lock icon Rise in wages at US companies gathers pace in Q2: survey
      479 17 Firms in all sectors report higher wages for third quarter in a row: NABE Reuters [WASHINGTON] The share of US companies raising wages more than doubled in the three months to July from a year ago, a survey showed
      Reuters  -  479 words
    • Article
      Lock icon Snowden: NSA staff sometimes shared racy photos
      523 17 WP [WASHINGTON] The former National Security Agency (NSA) contractor, Edward Snowden, said in a wide-ranging interview that the oversight of surveillance programmes was so weak that members of the United States military working at the spy agency sometimes shared sexually explicit photos they
      WP  -  523 words
    • Article
      Lock icon Finance sector staff expect smaller bonus this year
      707 17 Bloomberg [NEW YORK] Almost half of all finance professionals expect bonuses to be smaller this year, if they get one at all, according to a Bloomberg Global Poll. Twenty-seven per cent of those surveyed said they foresee this year’s payout dropping compared
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      Lock icon UK pension reforms bring more flexibility
      584 18 Annuity plans no longer compulsory; govt will provide free financial advice Reu ters [LONDON] Britain yesterday published new rules for private pensions which give retirees greater freedom to spend their savings as they like, fleshing out reforms announced earlier this year that shook the
      Reuters; PHOTO: BLOOMBERG  -  584 words
    • Article
      Lock icon US media sector braces for series of momentous mergers
      891 18 It could leave smaller networks more vulnerable NYT [NEW YORK] The flesh-eat-ing zombies in AMC’s hit television series The Walking Dead are shambling into a land of even bigger monsters. AMC’s parent company, AMC Networks, along with a slew of other
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      Lock icon Hopes rise for sub-Saharan Africa’s economic future
      834 18 NYT [JOHANNESBURG] Across sub-Saharan Africa, consumer demand is fuelling the continent’s economies in new ways, driving hopes that Africa will emerge as a success story in the coming years comparable to the rise of the East Asian Tigers in the second half of
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      Lock icon Banks grab bigger slice of forex pie
      506 19 Interdealer brokers’ share of trading falls to 39% from as high as 63% previously Bloomberg [NEW YORK] Banks are harnessing record-low currency volatility as they seize a bigger share of the US$5.3 trillion-a-day foreign-ex-change market, taking business from their electro-nic-platform competitors. Average daily
      Bloomberg; PHOTO: AFP  -  506 words
    • Article
      Lock icon Julius Baer buys European ops of Israeli bank
      527 19 Bloomberg [GENEVA] Julius Baer Group, Switzerland’s third-largest wealth manager, agreed to buy the European operations of Bank Leumi Le-Israel as the two banks prepare to settle their US tax probes. Julius Baer said it has entered into a “strategic cooperation agreement” with
      Bloomberg  -  527 words
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      Lock icon Tesco CEO Clarke to leave after profit warning
      546 19 Move comes after £1b turnaround plan fails [LONDON] Tesco boss Philip Clarke is to quit after Britain’s biggest retailer warned it would miss profit forecasts, bringing an abrupt end to a disastrous three-year reign. Mr Clarke, who has spent more than £1
      PHOTO: REUTERS  -  546 words
    • Article
      Lock icon Europe hedge funds may have edge over foreign rivals
      514 19 They’re likely to comply with new EU rules before the rest Re uters [LONDON] Europe’s move to tighten regulation of the hedge fund industry could give homegrown funds an edge over foreign rivals, many of which are still trying to absorb
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    • Article
      Lock icon European banks to up salaries, cash allowances
      270 19 Bloomberg [LONDON] European banks are set to increase salaries and cash allowances to help retain employees following the introduction of a bonus cap in the region. About 63 per cent of European Union-based lenders will boost base salaries and 55 per cent plan
      Bloomberg  -  270 words
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      304 16 The Business Times NOTICES Vendors wishing to do business with the U.S. Embassy in Singapore may use the website http://singapore.usembassy.gov/ contracting_opportunities.html for possible contracting opportunities. All responsible sources may submit a response and, if timely received, will be considered by the Contracting Officer. Vendors must register in the System for
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      87 17 I CAN ACCESS THE DECISIONS OF 135,000 TRADERS CFD trading Funds: SO 76.135 Margin: SO 3.427 P&L: SO 2.625 Available: SO 75.333 Insight WALL STREET 0.15% 26 pts un m *****.0 I *****.6 5uno.vd SHORT GET INSIGHTS ON THE MARKETS WITH DATA ON TRADERS' POSITIONS Find out more at our
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      14 18 GETYOUR AUGUSTCOPYOF MEN’S HEALTH NOW! Checkoutour TravelWisdom special,withtips andtricksto makesureyou maximiseevery minuteofyour vacationtime! MENSHEALTH.COM.SG
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      119 18 The Foundation of Career Success Productivityand Innovation Credit (PIC) Claimable 2014 JULY SERIES J U L 1 4 31THURSDAY SPH News Centre 9 30 am t o 6 00 p m Trainer Pamela Wigglesworth Lifecycle Marketing Create a Marketing Campaign to Build Relationships With Prospects What you will learn: Create
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      181 19 "I CAN TRADE WITH IG WHEREVER I AM, WHATEVER DEVICE I USE CFD trading Funds: SO 76.135 Margin: SO 3.427 P&L: SO 2.625 Available: SO 75.333 Spot FX EUR/USD conomic calendar Sell 1.***** ,r )rdei eve Order type Good 1 1 A NEVER MISS AN OPPORTUNITY WITH OUR STATE-OF-THE ART
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  • AVIATION
    • Article, Illustration
      Lock icon Iata and ICAO told to take lead in new protocols
      605 20 Emirates chief wants meeting of carriers to respond to downing of MH17 MH17 CRASH Reuters [PARIS] The head of one of the world’s largest airlines has called for an international meeting of carriers to agree on a response to the
      Reuters  -  605 words
    • Article
      Lock icon Boeing absent from crash scene
      674 20 Bloomberg [TOULOUSE] As the manufacturer of the Malaysian Airlines 777 jet that crashed in eastern Ukraine last Thursday, Boeing Co would typically be among the first parties to send in specialists to help figure out what happened. This time, at least for now, they’re staying
      Bloomberg  -  674 words
    • Article
      Lock icon TRANSPORT STOCKS
      239 20 SGX '000 Jul 21 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.29 -0.01 37 s$ Cwt Limited 1.72 unch 305 Ezra Hldgs 1.16 unch 2101 First Ship Lea 0,45 Grand Banks..............0.28 -0.01 26 Jaya Hold Ltd 0.08 unch *****3 K1Ventures 0.20 unch 575 Keppel Corp 10.88 unch
      239 words
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      Lock icon Thai state carrier picked to undergo reform
      807 20 Junta to start by boosting services, then cost-cutting Reuters [BANGKOK] Thailand’s new military rulers have singled out the country’s troubled flagship airline as the first state enterprise to undergo reform, an exercise that will test their unproven business acumen and ability to separate
      Reuters; PHOTO: REUTERS  -  807 words
  • Page 20 Advertisements
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      8 20 IN THE MORNING -WEEKDAYS 6 AM-10AM-D facebook.com/kiss92fm www.kiss92.sg
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      56 20 HOT PROPERTY A sr 0?fice) CH slra^ L ?S Retail $m%hf 5 fsf) tle 1Z556 sf*^^~PLAzir~990 Tenanted. npn 7 r 67 sf MRT. Easy acce ss 9 M9ar M°st Reasonable OFFICE SPACE FOR SALE Check this and many other properties in The Straits Times Classified now! THE STRAITS TIMES CLASSIFIED
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  • Page 20 Miscellaneous
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      325 20 CRYPTIC CROSSWORD Across 1 Piece of writing right away found in bar (6) 4 Officer with a jacket starts to upbraid tetchy worker (8) 9 Trace confusingly large set of firms (6) 10 Some ladies press on to get coffee (8) 11 Office drudge’s pound going to drug-dealer (3-6) 13
      325 words
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  • GOVERNANCE: YOUR STRATEGIC EDGE
    • Article, Illustration
      Lock icon Getting women on board
      1431 21  -  Much more needs to be done if Singapore is to achieve its goal of having more women directors in listed companies.FRANCIS KANreports FRANCIS KAN WHILE Singapore-listed companies have made some headway in admitting more women onto their boards, they still lag behind their counterparts in the
      Source: Various; for Singapore: Centre for Governance, Institutions and Organisations  -  1,431 words
    • Article
      Lock icon Room for improvement
      69 21 A STUDY by international corporate governance ratings firm GMI Ratings showed that as at March 2013, only 11 per cent of board directorships of 4,332 companies globally were held by women. According to the report, Gender Diversity in Boards: A Business Imperative by Singapore’s Diversity Task Force,
      69 words
  • Page 21 Advertisements
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      107 21 2014 SINGAPORE 8 OCTOBER 2014 RAFFLES CITY CPA CONGRESS LEADERSHIP. STRATEGY. BUSINESS. CPA Congress brings together over 10,000 finance, accounting and business professionals in a global conversation that will help convert innovative ideas into practical action plans. Gain insights into key issues such as latest trends in innovative thinking, predictive
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  • EDITORIAL & OPINION
    • Article
      Lock icon BRICS beating path to multi-polar financing
      495 22 EDITORIAL THE decision to set up the US$50 billion New Development Bank and a matching reserve fund must be seen as a challenge both to US financial dominance as well as the US dollar-backed International Monetary Fund (IMF) and the World Bank. The so-called
      495 words
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      Lock icon Conservatives addicted to inflation conspiracy
      789 22  -  THE BOTTOM LINE PAUL KRUGMAN NYT THE first step toward recovery is admitting that you have a problem. That goes for political movements as well as individuals. So I have some advice for so-called reform conservatives trying to rebuild the intellectual vitality of the right:
      NYT  -  789 words
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      Lock icon Hillary Clinton’s rocky road to the White House
      1080 22  -  Her recent book tour and Clintons’ links with Wall Street firms throw up many questions LEON HADAR Washington Correspondent FORMER US secretary of state Hillary Clinton’s memoir of her time at the State Department, Hard Choices, which was launched with a blizzard
      PHOTO: REUTERS  -  1,080 words
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      Lock icon Russia’s anti-Western isolationism
      992 23  -  The rhetoric emanating from the Kremlin has been one of the main drivers of support for the Ukrainian conflict By MAXIM TRUDOLYUBOV NYT [MOSCOW] Russia’s quasi war in eastern Ukraine is in no small measure a product of long-felt an-ti-Western tensions within Vladimir Putin’s Kremlin that are
      NYT; PHOTO: REUTERS  -  992 words
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      Lock icon Dialogue vital for survival of Iraqi nation
      836 23  -  By FRANK-JÜRGEN RICHTER Frank-Jürgen Richter is founder and chairman of Horasis, a global visions community ONE only has to watch the news for a few minutes, or browse the first few pages of a newspaper to know that the nation of Iraq is
      PHOTO: REUTERS  -  836 words
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      Lock icon BRICS bank must be more inclusive
      918 23  -  YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT IT’S an idea whose time has come. When the big five of the developing world Brazil, Russia, India, China and South Africa (or BRICS) first discussed setting up a development bank
      918 words
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  • Article
    Lock icon SHIPPING TIMES
    1218 24 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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  • Page 24 Advertisements
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      78 24 Experienced sh/p maintenance findyou y r I services services wanted, heremthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 the business times mi. uujii.ljj iiivilj SHIPPING TIMES Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3953 25 Transaction date: Jul 21 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.3 10.4 8Telecom Vol Day Last Quote --AAT Net M Cap High 158.4 130.4 AIMSAMP Cap Reit 146.5 unch 493
      3,953 words
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      Lock icon SGX CATALIST
      369 26 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 32.5 23 t 3Cnergy 500 Last Vol Day 1.9 0.9 t Advanced Systems 1 unch 200 1 1 0.9 1.1 19.5 Last Quote Div
      369 words
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      Lock icon UNIT TRUST & FUNDS
      10365 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** t Pte Ltd Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond 1.58/ Aberdeen Asset Mat Asia Limited China Opportunities USD!** Global Emerging Markets USD Global Opportunities USD India Opportunities USD!** Indonesia Equity USD!**
      10,365 words
    • Article
      Lock icon GLOBALQUOTE
      236 26 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 Low Company 343 220 TanChongInt HK320 unch 42 320 320 320 325 9.7 3.3 3.1 6444.5 DISCLAIMER: All information is published “as is” without warranty of any
      236 words
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      Lock icon SGX ETF
      1114 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF 115.8 28 115.8 115.8 115 115.8 528.6 135.5 119 CIMB APAC Div 100S$D 132.4 +0.1 132.4 132.4 131.6 133.6 108.9
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      637 27 Jul 21 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.08 *****.50 *****.45 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****4 Dec14 *****.00 2 ***** MSCI TAIWAN INDEX FUTURES SPOT 341.53 342.88 340.67 Jul14 339.00 342.30 338.60 340.30 ***** *****5 Aug14 337.60 339.80 336.70 337.80
      637 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jul 18 Index Change Change Change Change Change Change World Preliminary 1238.0 0.4 4.5 0.3 3.1 0.4 4.9 EAFE Preliminary 966.0 -0.1 1.0 -0.2 0.2 -0.2 1.9 Europe Preliminary 1382.5 0.0 2.0
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 27 Jul21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.008 5.827 0.694 7.276 56.530 108.569 0.950 9.640 2.980 1.079 92.706 40.794 1.165 9.985 0.843 28.169 30.051 0.550 0.939 Canada 0.992 5.779 0.688
      470 words
    • Article
      Lock icon SIBOR
      39 27 Jul 21 (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
      78 27 Jul 21 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-19 106.47 10-Year NX*****H 2.750 01-Jul-23 104.05 15-Year NY*****E 2.875
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    • Article
      Lock icon PRECIOUS METALS
      120 27 Jul 21 GOLD(US$/oz) Jul 21 Jul 18 Hong Kong 1317.00 1316.00 Jul 18 Jul 17 London 1307.25 1303.40 1308.05 1304.20 Source: Thomson Reuters CAST BAR Jul 21 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 313 259 10gm 584 521
      120 words
    • Article
      Lock icon PALM OIL
      57 27 Jul 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2376.0 2373.0 2377.0 2370.0 522 6081 Sep 14 2319.0 2325.0 2330.0 2312.0 3050 ***** Oct 14 2297.0 2296.0 2304.0 2288.0 ***** ***** Nov 14 2296.0 2295.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Jul 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1646 1.1654 0.9384 0.9389 Canadian dollar 1.1552 1.1559 0.9313 0.9308 Euro 1.6783 1.6787 1.3523 1.3525 NZ dollar 1.0794 1.0800 0.8697 0.8701 Sterling pound 2.1188 2.1195 1.7072 1.7076
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 27 Jul 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1176.75 1174.75 1184.75 1171.25 Sep 14 1104.25 1110.50 1116.25 1099.75 Nov 14 1085.25 1094.00 1101.00 1082.50 Jan 15 1093.50 1101.75 1108.25 1090.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14
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    • Article
      Lock icon LIFFE
      95 27 Jul 18 COCOA (£/tonne) Close Prev High Low Sep 14 1930 1916 1935 1918 Dec 14 1906 1891 1909 1893 Mar 15 1891 1878 1895 1880 May 15 1880 1870 1884 1869 COFFEE(US$/tonne) Close Prev High Low Jul 14 2005 2002 2010 2010 Sep 14 2001 1999 2006 1997
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      909 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.6 0.3 1 -57 3.88 48 Asia-Pacific Strategic W*****6 3.7 0.1 3393 1 2 58 Acma Ltd W*****7 Exer Price Asiatic Grp(Hldgs) Ltd W*****5 Disc Asiatravel.com HoldingsW*****5 6
      909 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Jul 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.92 0.37 WTI (Near Mth) 103.05 -0.01 Dubai (1-Mth F) 104.96 0.68 Tapis blend 110.63 1.44 Minas 106.23 1.44 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.56 0.73 Jet Kerosene 118.20 unch US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Jul 21 S$ Bid Offer 1-month 1.2411 1.2412 2-months 1.2411 1.2412 3-months 1.2410 1.2412 6-months 1.2409 1.2410 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      65 27 Jul-18 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1964.50 1974.25 3 months 1981.00 1989.00 Copper, Grade A(US$/tonne) Cash 6987.00 7065.50 3 months 6985.00 7067.50 Lead(US$/tonne) Cash 2164.25 2164.25 3 months 2187.00 2190.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Jul 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.191 1.135 Can dollar 1.177 1.132 Euro 1.718 1.637 Sterling pound 2.160 2.077 NZ dollar 1.104 1.062 US dollar 1.266 1.206 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 27 Jul 21 $S Offer Bid 0vernight 0.05 0.01 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.12 US$ 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
      154 words
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  • PROPERTY
    • Article, Illustration
      Lock icon World’s ‘largest indoor arena’ opens in Manila
      337 28 AFP [MANILA] Philippine President Benigno Aquino yesterday presided over the opening of what is billed as the world’s largest indoor stadium, erected by a political-ly-influential religious sect. The US$175 million Philippine Arena, which can seat 55,000 people, was hailed as a showcase that
      AFP; PHOTO: AFP  -  337 words
    • Article
      Lock icon Shipping containers may provide affordable housing
      1064 28 But it remains to be seen if people enjoy living in repurposed steel husks WP [WASHINGTON] They are the building blocks of the global economy, 20 million big steel boxes sloshing across oceans on mammoth container ships. Starting yesterday, the first of 18 dented
      WP  -  1,064 words
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      Lock icon Focus on high-rise in Australia’s housing boom
      705 29 Rising land cost, ageing population and foreigners cause shift to apartments Reuters [SYDNEY] Australia is enjoying a long-desired housing renaissance as a record amount of new building gets under way, and a shift in fashion toward high-rise living should lengthen its life span
      Reuters; PHOTO: BLOOMBERG  -  705 words
    • Article, Illustration
      Lock icon London home prices fall in July for 2nd month
      443 29 Bloomb erg [LONDON] Asking prices for London property fell for a second month in July as an increase in the number of homes for sale softened the market for sellers, Rightmove plc said. Prices sought in the UK capital fell 0.4
      Bloomberg; PHOTO: REUTERS  -  443 words
  • Page 28 Advertisements
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      77 28 3 OFFICE FLOORS NEAR TANJONG PAGAR MRT Single or multiple floor purchase Strata area 5,210 to 16,060 sqft Regular and column-free layout High floor. Excellent views. Plenty of carpark lots Expression of Interest Closing: Tuesday, 21 August 2014, 3pm For Further Information, Please Call Investment Advisory Services: CLEMENCE LEE 9724
      77 words
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      Lock icon Page 28 Advertisements Column 2
      339 28 FOR SALE/RENT Bedazzled! Black White Holland A villa feel, a luxurious vintage piece, a black and white theme with total comfort and every element of modem finish you could hope for. Nestled near Holland Village, its sensational elegance and classic features combine the whispers of yore with seduction a la
      339 words
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      Lock icon Page 28 Advertisements Column 3
      131 28 RARE OPPORTUNITY TO ACQUIRE A RESIDENTIAL DEVELOPMENT OVERLOOKING TOKYO TOWER Address Minato-ku, Tokyo Land area 309.98m J Description Freehold 15-sty residential apt block comprising of 54 strata-titlcd units Location: 3 mins’ walk to Daimon Station 5 mins’ walk to Hamamatsucho Station 5 mins’ train ride to Tokyo Station 6 mins’
      131 words
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  • Page 29 Advertisements
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      531 29 V T > y 9 7s M 7* tflof THE Urbanex Kyoto Matsugasaki The Premier Launch of The Urbanex, Kyoto A rare and unique opportunity to own a freehold apartment in the elegant high-end residential area of Matsugasaki, Kyoto Artist's Impression p V Gv S£ LA r..L Sc :S ■a
      531 words
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  • Article, Illustration
    Lock icon Current Low Volatility Climate Sees Demand for Carry Trades
    1367 30  -  In this final feature of a three-part weekly series, Citi's Jaideep Tiwari shares his views on the impact of the currencies when major G10 central banks start to show stronger divergence with respect to their monetary policy. THE ECONOMY IN PERSPECTIVE
    1,367 words
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      492 30 Citigold Private Client Status. Where will yours lead? There is an exclusive advantage that comes with your Citigold Private Client status. Leverage on our global network to access priority banking services wherever you are, with emergency medical and travel assistance 1 within reach. As a Citigold Private Client, your privileges
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