The Business Times, 25 July 2014

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, July 25, 2014G
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  • Article, Illustration
    Lock icon Economy set for 2-4% growth this year: MAS
    924 1  -  Slippage in H1 due to two factors: extreme weather in US, and tightening in China By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] The Republic’s economy is on track to grow 2-4 per cent this year while inflation will narrow to 1.5-2 per
    PHOTO: BLOOMBERG  -  924 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,353.89 (+13.19) GST INDEX FUTURES 3,353.00 (+14.00) GSIMSCI 383.31 (+1.24) GSIMSCI FUTURES 383.30 (+0.90) US$ S$ US$ (S$ per US$) 1.237 (US$/S$ per 1.704 2.108 EURO (US$/S$/€ 1.347 1.667 Foreign currency per US$ S$ YEN 101.50 82.00 RM 3.172 2.563 HK$ 7.751 6.264 BAHT 31.82 25.72 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Thursday Change KL COMP 1,877.05 +5.22 NIKKEI 225 15,284.42 -44.14 HANG SENG 24,141.50 +169.63 SET INDEX 1,543.92 +2.36 JAKARTA COMP 5,098.64 +5.41 MANILA COMP 6,889.89 -3.03 SEOUL COMP 2,026.62 -1.70 SHENZHEN B 902.45 +10.12 MUMBAI IND 26,271.85 +124.52 12 noon EDT Change DOW 17,098.30 +11.67 NASDAQ 4,483.11 +9.41
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE MALAYSIA HONG KONG 5.35 TAIWAN 5.00 INDONESIA 15.016 TAIWAN 5.036 CANADA 1.475 KOREA 9.33 Source: Bloomberg
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  • Article
    Lock icon Keppel leads the pack in governance and transparency
    934 1  -  It scored 116 points in the GTI, one point ahead of SingTel By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] Keppel Corp has been named the best governed and most transparent listed company here, in the Governance Transparency Index (GTI) 2014 pipping frequent winner
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      70 1 VISIONARIES Hotelier Loh Lik Peng: Re-inventing the wheel PAGE 11 COMPANIES Keppel profit jumps 17.1% in Q2 PAGE 4 PROPERTY Kheam Hock Gardens put up for en bloc sale PAGE 20 AVIATION 116 feared dead in Algerian plane crash PAGE 17 Directing the write stuff EXECUTIVE LIFESTYLE IPAGE 27 Who’s
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      27 1 Read Boardroom Matters, a series of articles from the Singapore Institute of Directors on issues relevant to listed companies and corporate governance, on BTInvest every Friday: btd.sg/BMatters
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      501 2 Economy set for 2-4% growth this year: MAS THE Republic’s economy is on track to grow 2-4 per cent this year while inflation will narrow to 1.5-2 per cent from its earlier forecast of 1.5-2.5 per cent, the Monetary Authority of Singapore said yesterday. FRONT PAGE Keppel named
      501 words
    • Article, Illustration
      Lock icon Too early to ease property cooling measures: MAS
      742 2  -  Risk factors have not changed, property prices still at elevated levels MAS ANNUAL REPORT Reports by SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] The Monetary Authority of Singapore said it is too early to ease property cooling measures as prices remain high. Risk
      PHOTO: BLOOMBERG  -  742 words
    • Article, Illustration
      Lock icon MAS posts S$15.8b net profit, boosted by forex gains
      349 2 THE Monetary Authority of Singapore (MAS) has posted net profit of S$15.8 billion, aided by foreign exchange gains, for the year ended March 31. For the previous year, MAS had run up a net loss of S$10.61 billion on translation effects
      Source: Monetary Authority of Singapore  -  349 words
    • Article
      Lock icon Funds under management grows to S$1.82t
      313 2 SINGAPORE’S fund industry last year grew assets under management (AUM) 11.8 per cent to S$1.82 trillion, up from S$1.63 trillion in 2012, the Monetary Authority of Singapore (MAS) said yesterday. The asset management industry continued to gain in size and diversity, the MAS said
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    • Article
      Lock icon Correction
      42 2 IN “Getting women on board” (BT, July 22), we erred in saying that the Diversity Task Force (DTF) proposed implementing gender quotas on company boards. It, in fact, recommended against imposing a quota for now. We are sorry for the error.
      42 words
    • Article
      Lock icon Analysts say JTC price, rental indices give inadequate picture
      737 3  -  Industrial prices, rentals continue to moderate in Q2 as occupancy slides By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] Prices and rentals of industrial space continued to moderate in the second quarter, as occupancies hit lows not seen since 2007 amid an increased
      737 words
    • Article, Illustration
      Lock icon Push to strip Russia of right to host World Cup
      648 3  -  By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] Russia is facing mounting pressure for the country to be stripped of the right to host the next World Cup and Formula One races. This comes after Moscow voiced its support for pro-Russian separatists
      PHOTO: REUTERS  -  648 words
    • Article
      Lock icon China’s factory activity reaches 18-month high
      601 3 Reu ters [BEIJING] China’s factory activity expanded at its fastest pace in 18 months this month as new orders surged, a preliminary HSBC survey showed yesterday, the latest indication that the economy is picking up as government stimulus measures kick in. The HSBC/Markit Flash
      Reuters  -  601 words
  • Page 2 Advertisements
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      74 2 An interactive digital magazine on the good things in life from The Straits Times OUT NOW: The Life, Issue #2. It’s free! Download it from The Straits Times Star app: Go to the Apple App Store or Google Play Download The Straits Times Star app (search “The Straits Times Star”)
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  • Page 3 Advertisements
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      246 3 QUALITY. RELIABILITY REPUTATION. SERVICE. w tsssss^ 2013 ata NiD-***** Judy Kueh EXP'- DEG 2015 A clear signal of credibility, reliability and quality service amongst travel professionals, the NATAS Accreditation framework is set to boost the recognition and reputation of true travel professionals nationwide. So be sure to ask for NATAS-accredited
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      173 3 The HEAD Foundation is pleased to present a free public lecture entitled What do successful entrepreneurs and innovators really do? with PROF SIMON TAM Simon Tam is adjunct associate professor at the University of Hong Kong Business School, co-founder of the Academy of Innovation, and co-founder of ICO Group of
      173 words
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  • COMPANY NEWS
    • Article
      Lock icon Offshore sector drives Keppel profit up 17.1%
      474 4  -  Q2 earnings hit S$406m despite fall in infrastructure and property revenue By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT ANCHORED by its offshore marine (O&M) segment, Keppel Group achieved a 17.1 per cent jump in sec-ond-quarter net profit to S$406 million, from S$347 million a year
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    • Article
      Lock icon CapitaRetail China Trust puts up strong Q2 show
      613 4  -  BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT CAPITARETAIL China Trust (CRCT) achieved an 8.8 per cent rise in distribution per unit (DPU) for the second quarter ended June 30 to 2.59 Singapore cents on the back of strong rental reversions and tenant sales. This
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    • Article
      Lock icon Cambridge Industrial Trust’s DPU up 0.9% in Q2
      466 4  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT CAMBRIDGE Industrial Trust (CIT) yesterday posted a 0.9 per cent rise in sec-ond-quarter distribution per unit (DPU) to 1.251 Singapore cents. Distributable income for the three months ended June 30 was 3 per cent higher at S$15.7
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    • Article, Illustration
      Lock icon Mapletree Comm Trust’s Q1 DPU up 11.2%
      557 5  -  Annualised distribution yield of 5.6%; gross revenue rises 6.6% I3)’. KALPANA RASHIWALA ka|pana@sph.com.sg @Ka|panaBT MAPLETREE Commercial Trust (MCT) has posted distribution per unit (DPU) of 1.95 Singapore cents for the first quarter ended June 30, up 11.2 per cent from the same year-ago
      FILE PHOTO  -  557 words
    • Article
      Lock icon 3 S’pore firms in Forbes Asia ‘Best Under a Billion’ list
      601 5  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT THREE Singapore firms have made it to Forbes Asia’s “Best Under a Billion” 2014 list, which pays tribute to the top small and medium-sized public companies in the region earning between US$5 million and
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    • Article
      Lock icon Nurturing marine secondary listings
      732 5  -  HOCK LOCK SIEW By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT SECONDARY listings are a better bet for the Singapore Exchange (SGX) in its bid to woo more marine and shipping related companies to be listed in Singapore. That the SGX is keen and is exploring ways to bring
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    • Article, Illustration
      Lock icon Aberdeen sells its stake in Wing Hang to OCBC
      525 7 OCBC moves closer to full takeover with shares from 3rd largest shareholder Bloomberg ABERDEEN Asset Management plc, the third biggest shareholder in Wing Hang Bank Ltd, agreed to sell its shares in the lender to Oversea-Chinese Banking Corp (OCBC), moving the
      Bloomberg; PHOTO: BLOOMBERG  -  525 words
    • Article
      Lock icon SingTel expanding mRemit service to Indonesia
      297 7  -  By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT SINGTEL is expanding its mobile remittance service to the Indonesian market, even as its existing service for the Philippines makes fresh headway. From this Sunday, the operator’s mRemit service will allow funds to be transferred to more than 80
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    • Article
      Lock icon Samudra Energy files for listing on SGX
      310 7  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT UPSTREAM oil-and-gas company Samudra Energy has filed for a listing on the Singapore Exchange (SGX). The company, which is focused on the exploration, development and production of oil and gas in Indonesia, yesterday submitted its papers seeking a
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    • COMPANY BRIEFS
      • Article
        Lock icon Soilbuild wins S$168m HDB contract
        66 7 SOILBUILD Construction Group has been awarded a S$168.4 million contract by HDB for the construction of nine 13-storey blocks (total of 1,294 units), one commercial building, two blocks of multi-storey carpark/electrical substation/communal facilities and precinct pavilion at Yishun Avenue 4/Yishun Ring Road. Works are scheduled
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      • Article
        Lock icon QT applies for CE mark
        51 7 CATALIST-LISTED QT Vascular Ltd has applied for CE marking approval (CE Mark) for its Paclitaxel-Coated Chocolate Balloon Catheter (Chocolate Touch). Chocolate Touch is a second generation drug coated balloon (DCB) which carries a proprietary drug coating process. Chocolate® was designed to minimise trauma to blood
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      • Article
        Lock icon Top Global returns to the black
        85 7 TOP Global swung into the black in the second quarter ended June 30 with a net profit of S$1.46 million, from a net loss of S$599,000 a year before. Its revenue grew 28 per cent to S$6 million due mainly to recognition from the
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      • Article
        Lock icon Advanced Holdings issues profit warning
        58 7 ADVANCED Holdings issued a profit warning yesterday, saying it is not expected to report a profit for the second quarter ended June 30. This is mainly due to higher distribution and marketing costs as well as R&D costs as part of the group’s strategy to
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      • Article
        Lock icon Accordia sets IPO price at 97 cents
        49 7 ACCORDIA Golf Trust has fixed its IPO price at S$0.97 per unit. It is offering 782,025,000 new units, with the Singapore public offering taking up 41,163,000 units. The majority of the units are offered to Japanese investors by way of public offer.
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      542 4 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
      542 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      168 5 IVSGPF air Singapore Gifts Premiums Fair 2014 www.SGPFair.com OFFIC^XPO ASIA www.OfficExpoAsia.com BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sf?1 Tel: (65) 6848 5940 Fax: (65) 6848 4182 Congratulations to the winners of our Visit to Win Lucky Draw! Winners will be notified in writing by ordinary post, email, and
      168 words
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      Lock icon Page 5 Advertisements Column 2
      100 5 RARE FREEHOLD LANDED DEVELOPMENT SITE 6 Battery Road #32-01 Singapore *****9 CBRE Pte Ltd Site area 3,831.8sqm approximately 41,245 sq ft Masterplan zoning “Residential”, 2-storey mixed landed Nestled within prestigious neighbourhood predominantly bungalows Extremely quiet and tranquil surroundings overlooking lush and mature greenery Natural topography that allows design flexibility 5
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  • Page 5 Miscellaneous
    • Miscellaneous
      Lock icon Page 5 Miscellaneous Column 1
      32 5 $5 MILLION National Day Draw Draw on Fri, 1 Aug 2014 at 9.30pm For details, visit www.singaporepools.com.sg p Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G m
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI defies gravity yet again
      509 6  -  Index rises for eighth consecutive day to another 52-week peak, after S&P 500 hits record high STOCKS JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT Correspondent THE Straits Times Index (STI) defied gravity for the eighth day in a row yesterday, whacking out a 13.19-point increase to finish 0.39
      Source: Bloomberg  -  509 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jul 24 VALUE CLOSE BT OB/OS 104.00 +40.00 BT CADI -*****.00 +32.00 BT 10-day MA -*****.00 +11.00 FTSE ST Mid Cap 785.43 -0.69 FTSE ST Small Cap 568.67 -0.12 FTSE ST All Share 816.94 +2.33 FTSE ST China Top 201.25 +1.14 FTSE ST China 229.73 +1.19 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      53 6 VOLUME Spackman 72,457,000 IHC 63,688,000 APAC Strategic 61,082,000 Jaya 50,423,000 ThaiBev 47,943,000 ChinaSports 47,916,000 Golden Agri-Res 44,490,000 Blumont 44,077,000 MDR 30,842,000 Lottvision 28,241,000 VALUE($) DBS Grp 101,156,190 Wilmar Intl 56,172,736 OCBC Bank 38,774,750 Spackman 35,527,700 UOB 31,852,320 Noble 31,507,520 ThaiBev 30,297,810 CapitaMall Trust 27,865,700 SingTel 26,138,820 Golden
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 4 0 0 0 7 4 4 Manufacturing 52 38 47 11 3 9 63 41 56 Commerce 21 18 21 1 7 5 22 25 26 Tpt/Stor/Comms 21 13 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,554 23,554 43,334 43,334 Manufacturing 431,173 71,791 502,964 172,759 11,597 184,356 Commerce 76,705 41,695 118,400 88,427 4,576 93,003 Tpt/Stor/Comms 120,233 1,340 121,573 95,483 165 95,648 Finance 20,787 1,004 21,791 188,876 316 189,192 Construction 54,221 21,892
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    • Article
      Lock icon BROKERS’ TAKE
      1019 6  -  Compiled by CAI HAOXIANG Sheng Siong July 24 close: S$0.70 DMG Partners Research, July 24 SHENG Siong’s Q2 2014 earnings jumped 30 per cent y-o-y to S$11.1 million on higher sales growth since Q3 2013, as well as significantly better margins. As such, H1 2014’s S$23.6 million net
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      123 6 Stock name Close Change Ascendas Reit 2.350 +0.020 CapitaLand 3.310 -0.010 CapitaMall Trust 1.995 -0.005 CityDev 10.590 +0.170 ComfortDelGro 2.600 +0.010 DBS Grp 18.030 +0.120 Genting Sing 1.335 +0.010 Global Logistic 2.760 -0.020 Golden Agri-Res 0.550 HPH Trust USD 0.745 +0.005 HongkongLand USD 6.780 +0.020 JMH
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    • Article, Illustration
      Lock icon Kiwi posts biggest fall in nine months
      445 6 CURRENCIES Bloomberg [LONDON] New Zealand’s dollar yesterday slid the most in nine months as the nation’s central bank warned of the potential for a “significant fall” in the currency. The kiwi weakened by at least 0.7 per cent against all 16 of its
      Bloomberg; PHOTO: BLOOMBERG  -  445 words
    • Article
      Lock icon RISES
      124 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 120.0 0.7 SPDRS S&P 500 10US$ ***** 79.2 0.3 DBXT iBoxxSvEu 5US$ ***** 73.0 0.2 DBXT FTChina25 10US$ 3179 52.0 1.3 Lyxor ThaiSET 10US$ ***** 30.9 0.2 DBXT AUDCS 5US$ ***** 29.7 0.1 DBXT EONIA 5US$ ***** 27.2 0.1 DBXT MSUSA
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    • Article
      Lock icon FALLS
      133 6 BY CENTS CLOSE DOWN DBXT STGLDv100 10US$ 3339 -233.8 -5.4 Lyxor Indonesia10US$ 9482 -190.5 -1.6 GLD 10US$ ***** -133.6 -0.9 DBXT iBoxxKR 5US$ ***** -94.0 -0.5 DBXT AUD Bonds 5AU$ ***** -37.4 -0.2 Jardine C&C 4655 -35.0 -0.7 DBXT AUDCS 5SG$ ***** -32.0 -0.1 DBXT MSINDO 10us$ 1510 -30.9
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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  • Page 7 Advertisements
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      1301 7 Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) Second Quarter and Half Year 2014 Financial Statement Dividend Announcement 1. UNAUDITED RESULTS FOR SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2014 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group
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  • GTI 2014
    • Article
      Lock icon Governance and Transparency Index 2014 – the full rankings
      6721 8 Governance and Transparency Index 2014 the full rankings RANK 2014 COMPANY NAME BASE GTI SCORE ADJUSTMENTS FOR BONUSES PENALTIES OVERALL GTI 2014 SCORE OVERALL GTI 2013 SCORE RANK 2013 1 KEPPEL CORP LTD 90 26 116 107 3 2 SINGAPORE TELECOMMUNICATIONS LTD 83 32 115 112 2 3 SEMBCORP INDUSTRIES
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    • Article, Illustration
      Lock icon Corporate governance improving
      1242 10  -  The GTI 2014 scorecard shows the positive impact of the revised Code of Corporate Governance, writeLAWRENCE LAWRENCE LOH, ISABEL SIM Lawrence Loh is associate professor and Isabel Sim is senior lecturer in the department of strategy and policy at NUS Business School. They are principal investigators of
      BT Graphics, Source: NUS Business School, Centre for Governance, Insitutions & Organisations  -  1,242 words
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  • VISIONARIES
    • Article, Illustration
      Lock icon Reinventing the wheel
      1219 11  -  Whether it’s a boutique hotel in London or a hip eatery in Singapore, hotelier Loh Lik Peng treats each new project as if it was his first, Francis Kan reports Francis Kan LOH Lik Peng is talking about the problems he is facing with his latest project:
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  • Page 11 Advertisements
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      48 11 WELCOME TO THE ELECTRIC AGE See the BMW i8 and BMW 13 first at the BMW World 2014. Visit bmwworld.sg m w A Sj v MfZli II wr mk i y > mg m 111 i r\.- -> N K BMW 3 f BMW EfficientDynamics Less consumption. More driving pleasure.
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  • SINGAPORE NEWS
    • Article
      Lock icon SMC tightens doctors’ disciplinary, appeals processes
      859 12  -  System will be faster, more efficient, transparent By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT THE disciplinary process to regulate the conduct of doctors will become quicker, more efficient and more transparent, in line with recommendations from a review committee. The Review Committee for Disciplinary Processes made
      859 words
    • Article, Illustration
      Lock icon S’pore billionaires’ club has 5 more members this year
      663 12  -  Combined net worth of 50 wealthiest here rises by a fifth to US$96.9 billion By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT SINGAPORE’S billionaires’ club has 26 members this year, up from 21 a year ago, going by the latest Forbes Singapore rich list.
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    • Article, Illustration
      Lock icon Half of Kallang Wave tenants up and running
      508 12  -  Stores said to be doing well and finetuning their operations BY LEE U-WEN |eeuwen@sph.com.sg @LeeUwenBT ABOUT half of the tenants at the new Kallang Wave mall are already in business, with many of the remaining shops and restaurants busy applying the finishing
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      189 12 •a m fr* Or S J Enjoy classic pairing of teas with traditional golden-hued mooncakes. Peach Blossoms introduces the Mini Yolk Charcoal Black Sesame Paste Mooncake with Gold Dust which comes in a gift set of eight. Early bird discounts applicable for members of selected credit cards. For orders and
      189 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon BFood jumps on plan to buy rest of BStarbucks
      530 13  -  It will pay Starbucks Coffee Int’l US$88m to become sole owner of franchise in M’sia By PAULINE NG in Kuala Lumpur THE shares of Berjaya Food Bhd (BFood) soared 30 per cent to RM2.34 yesterday when it unveiled its plan to
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    • Article
      Lock icon Reach Energy’s IPO attracts Norwegian wealth fund
      441 13 Bloomberg [KUALA LUMPUR] Malaysia’s Reach Energy Bhd has attracted investors including Norway’s US$890 billion sovereign wealth fund in an initial public offering to fund its acquisitions of oil and gas fields. Norges Bank Investment Management, the world’s largest sovereign wealth fund, and Malaysia’s
      Bloomberg  -  441 words
  • Page 13 Advertisements
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      2332 13 The Business Times Ik ~T I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg I V i www.sphclass.com.sg/notices SPRINGLEAF ONE (FLR 14) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****6651W NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF
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      772 13 SPRINGLEAF FOUR (FLR 17 18) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****6646Z NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION 179(6) OF THE COMPANIES ACT (CAP.50) ON THE 23RD DAY OF
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  • CHINA
    • Article, Illustration
      Lock icon China’s businesses follow citizens into the Internet
      1001 14  -  McKinsey report predicts jump in economic growth due to productivity and other gains By AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT [SINGAPORE] One of the biggest infocomm stories over the next 10 years will be China’s digital transformation and its impact on productivity and growth.
      Source: McKinsey Global Institute  -  1,001 words
    • Article
      Lock icon Chinese still face huge food safety hurdles
      584 14 NYT [BEIJING] China has been scrambling to right its gargantuan processed-food ship ever since six infants died and thousands more were hospitalised with kidney damage in 2008 from milk adulterated with an industrial chemical. But as the latest scandal involving spoiled meat in
      NYT  -  584 words
    • Article
      Lock icon China set to be world’s skyscraper capital
      364 14 Bloomberg [SHANGHAI] The eastern Chinese city of Suzhou isn’t even the biggest in Jiangsu province, yet it’s joining a national rush for the sky with what’s slated to become the world’s third-tallest building. By 2020, China may be home to six of the
      Bloomberg  -  364 words
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      1505 14 The Business Times Ik I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices;asph.com.sg J j j l m www.sphclass.com.sg/notices SPRINGLEAF ELEVEN (FLR 22) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****7175K NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING
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      423 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF GUAN HIN COMPANY PTE. LIMITED. (In Members’ Voluntary Liquidation) Co. Reg. No. *****0193Z NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of Guan Hin Company Pte. Limited. (the “Company”) duly convened and held
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  • WORLD
    • Article
      Lock icon Citing weak recovery, IMF tempers growth forecast
      953 15  -  Global growth seen at 3.4% this year as it also points to geopolitical risks By ANTHONY ROWLEY in Tokyo THE International Monetary Fund (IMF) yesterday revised down its forecast for world economic growth this year to 3.4 per cent, from the 3.7 per
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    • Article, Illustration
      Lock icon Mobile ads driving Facebook’s stellar growth
      492 15 Shares of the firm hit a record high in after-hours trading NYT [SAN FRANCISCO] Once again demonstrating its mastery of the mobile computing wave, Facebook dazzled Wall Street on Wednesday by posting significant growth in revenue and profits for the second quarter, driven largely
      NYT; PHOTO: BLOOMBERG  -  492 words
    • Article
      Lock icon Seoul unveils 11.7t won stimulus after Q2 growth disappoints
      393 15 Reuters [SEOUL] South Korea yesterday offered billions of dollars in stimulus spending to shore up domestic demand after Asia’s fourth-largest economy grew at its weakest in more than a year in the second quarter. The finance ministry’s plans included additional spending
      Reuters  -  393 words
    • Article
      Lock icon Tighter rules in place to stop crisis fire sales
      511 16 Bloomberg [BRUSSELS] Banks face an overhaul of international rules for measuring losses on loans, derivatives and other assets as regulators seek to prevent a recurrence of the fire sales seen in the last financial crisis. The International Accounting Standards Board published
      Bloomberg  -  511 words
    • Article, Illustration
      Lock icon Itochu in US$1b tie-up with Thailand’s CP group
      631 16 Deal is to target rising demand for meat, livestock products in China Reuters [TOKYO] Japan’s Itochu Corp entered into a US$1 billion tie-up with Thai billionaire Dhanin Chearavanont’s Charoen Pokphand Group (CP) to target rising demand for meat and livestock products in
      Reuters; PHOTO: BLOOMBERG  -  631 words
    • Article
      Lock icon Japan’s June exports down unexpectedly
      505 16  -  BY ANTHONY ROWLEY in Tokyo JAPAN’S exports fell unexpectedly in June, dropping for a second consecutive month, and driving the country’s trade balance deeper into the red, according to official data released yesterday. Trade deficit for the first six months of this year hit an
      505 words
    • Article
      Lock icon New-home sales fall in June
      209 16 LATEST US DATA AFP [WASHINGTON] Sales of new homes in the United States sank in June and prices fell, signalling weakness in the struggling housing market, official data released yesterday showed. Sales of new single-family houses fell to an annual pace of 406,000 in June,
      AFP  -  209 words
    • BRIEFING
      • Article
        Lock icon Stanchart: No push on succession
        61 16 Reuters [LONDON] Asia-focused bank Standard Chartered rejected reports it had stepped up succession plans for its chairman and chief executive, who are under growing pressure from shareholders after a troubled two years. Standard Chartered said its board was united behind both chief executive Peter Sands
        Reuters  -  61 words
      • Article
        Lock icon 2.2b are poor or ‘near-poor’: UN
        85 16 AFP [TOKYO] More than 2.2 billion people are “poor or near-poor", with financial crises, natural disasters, soaring food prices and violent conflicts threatening to exacerbate the problem. While poverty is in decline worldwide, growing inequality and “structural vulnerabilities” remain a serious threat, said a
        AFP  -  85 words
      • Article
        Lock icon Swatch denies tie-up with Apple
        60 16 Reuters [ZURICH] Swiss watchmaker Swatch Group has denied a media report saying it was working with technology company Apple on a smartwatch, a wearable device with interactive functions. Technology website VentureBeat said in a report on Wednesday Apple was working with “at least one partner,
        Reuters  -  60 words
  • Page 15 Advertisements
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      2604 15 The Business Times Ik I 1 Toll free 1800-289-8822 I M I I Email noticesiasph.com.sg M V i B j J www.sphclass.com.sg/notices In the matter of the Companies Act, Cap 50 And In the Matter of Orchard Square Capital Assets Limited (In Members’ Voluntary Liquidation) (Registration No.: *****7035R) NOTICE OF
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      167 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PACIFIC III PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****9626M NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
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  • Page 16 Advertisements
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      2046 16 The Business Times Ik T I 1 I TolI free 1800-289-8822 fl I I Email notices@sph.com.sg I V i j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) PURSUANT TO SECTION 290(1)(b) At an Extraordinary General Meeting of ACTBILT PTE LIMITED (Company Registration No. *****7919K) duly
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      Lock icon Page 16 Advertisements Column 2
      491 16 PUBLIC NOTICE m Pictures of Beneficiary Before Sh. Balbir Singh, PCS, Assistant Estate Officer, Exercising the powers of the Estate Officer, U.T. Chandigarh. Subject: Transfer of ownership rights in respect of SCO No. 66-67 Sector 17-B Chandigarh (CP-1502) to the extent of 5% share from the name of Late Sangat
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  • AVIATION
    • Article
      Lock icon US regulator ends ban on flights to Tel Aviv
      560 17 Decision based on new info and Israeli govt measures to mitigate risks Bloomberg [WASHINGTON] US regulators lifted an almost two-day ban on domestic carriers’ flights to Israel’s busiest airport prompted by concerns over rockets fired by Palestinian militants. Flights by US
      Bloomberg  -  560 words
    • Article, Illustration
      Lock icon Taiwan crash: bad weather not to blame
      617 17 Black boxes have been found, will be examined soon Reuters [TAIPEI] Taiwan authorities said yesterday that it was unlikely bad weather was the cause of the crash of a TransAsia Airways turboprop plane the previous day in which 48 people, including two French
      Reuters; PHOTO: REUTERS  -  617 words
    • Article
      Lock icon TRANSPORT STOCKS
      240 17 SGX '000 July 24 S$ +/-Vol Ch Offshore 0.46 unch 61 Chuan Hup Hldg 0.29 unch 502 Cosco Corp 0.72 0.01 1262 Cwt Limited...............1.71 0.01 900 Ezra Hldgs 1.20 0.01 3943 First Ship Lea 0.10 unch 4 Grand Banks 0.27 unch 108 Jaya Hold Ltd K1Ventures Chuan Hup
      240 words
    • Article
      Lock icon Boeing earnings hit by problems over tankers
      385 17 NYT [CHICAGO] Boeing said on Wednesday that it took US$425 million in pre-tax charges against its secondquarter earnings over problems with the wiring in the refuelling tankers it is developing for the Air Force. Boeing beat its rival Airbus for the hotly contested
      NYT  -  385 words
    • Article
      Lock icon 116 feared dead in Algerian plane crash
      456 17 Reuters [ALGIERS] An Air Algerie flight crashed on Thursday en route from Ouagadougou in Burkina Faso to Algiers with 110 passengers on board, an Algerian aviation official said. “I can confirm that it has crashed,” the Algerian official told Reuters, declining to be
      Reuters  -  456 words
    • Article, Illustration
      Lock icon Bombardier to cut 1,800 jobs amid struggle to sell CSeries
      463 17 Bloomberg [MONTREAL] Bombardier Inc, struggling with development issues on its centrepiece CSeries jetliner, will slash about 1,800 jobs from its aerospace business and split the unit into three, in a move to cut costs and improve operations. The division will
      Bloomberg; PHOTO: BLOOMBERG  -  463 words
  • Page 17 Advertisements
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      39 17 MORE IITs IIMs OR BETTER IITs IIMs? Alumni in Singapore debate this question Seeram Ramakrishna in global list of most influential scientific minds GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • EDITORIAL & OPINION
    • Article
      Lock icon Don’t let lower inflation breed complacency
      494 18 EDITORIAL THE unexpected fall in Singapore’s June inflation rate to below 2 per cent may be cause for some cheer, given the dismal output and trade figures of late. But Singaporeans should not grow complacent about price pressures. The monthly inflation rate has been
      494 words
    • Article, Illustration
      Lock icon Inequality in US constitutes a national weakness
      778 18  -  THE BOTTOM LINE NICHOLAS KRISTOF NYT WE may now have a new “most unread best-seller of all time”. Data from Amazon Kindle suggests that that honour may go to Thomas Piketty’s Capital in the Twen-ty-First Century which reached No 1 on the bestseller
      NYT  -  778 words
    • Article, Illustration
      Lock icon Japan’s inflation is cause for concern
      1172 18  -  The semi-closed economy may not withstand pressures from the Abenomics treatment ANTHONY ROWLEY Tokyo Correspondent THIS is the “silly season” so far as news is concerned when governments and businesses tend to enter a kind of holiday limbo and when small things get played
      PHOTO: REUTERS  -  1,172 words
    • Article, Illustration
      Lock icon The importance of a proper, ironclad handover
      1042 19  -  It’s not what you leave behind but how it will be managed and distributed By BOB YAP The writer is head of advisory, KPMG in Singapore. The views expressed are his own THE importance of good estate management is often underrated. Most people
      PHOTO: REUTERS  -  1,042 words
    • Article
      Lock icon The Fed: Powerful, and in denial
      849 19  -  By SIMON JOHNSON The writer is a professor at MIT’s Sloan School of Management and the co-author of ‘White House Burning: The Founding Fathers, Our National Debt, And Why It Matters To You’ Project Syndicate THE United States Federal Reserve System is one of
      Project Syndicate  -  849 words
    • Article
      Lock icon Indonesia’s democratic masses brought victory to Jokowi
      811 19  -  By ARIEL HERYANTO The writer is professor and deputy director (education) at The School of Culture, History and Language at Australian National University THE 2014 Indonesian presidential election has been remarkable. Not only in comparison to the country’s long history of dictatorship that
      811 words
    • Article
      Lock icon Closer scrutiny of Xpress may be warranted
      276 19 LETTER TO THE EDITOR ON July 1, SGX issued a query to Xpress Holdings for unusual volume movements in the company’s shares. The number of shares traded that day was 184 million, compared to the usual daily trading volume of a few million
      276 words
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  • PROPERTY
    • Article
      Lock icon Change in HK Reit rules could divert HK$34b to development
      467 20 Reits can now invest 10% of gross asset value in property development, repair Bloomberg [HONG KONG] A change to Hong Kong’s real estate investment trust rule may free HK$34 billion (S$5.4 billion) for property development and rebuilding, according to Victor
      Bloomberg  -  467 words
    • Article, Illustration
      Lock icon Kheam Hock Gardens put up for en bloc sale
      307 20 [SINGAPORE] Private residential development Kheam Hock Gardens off Dunearn Road was launched for sale by tender yesterday. The 41,245 sqft site has a S$59 million reserve price, which translates to a per-sq-ft price of S$1,430. Located at 38 Kheam Hock Road,
      307 words
    • Article
      Lock icon Architecture buffs stumble on ‘unique architect’s house’
      493 20 Personal interest won them lease for Emmons house NYT [SAN FRANCISCO] By now, it is almost universally acknowledged that affordable apartments near San Francisco are difficult, if not impossible, to find. And overlooked architectural gems? At this point, surely nothing in the Bay
      NYT  -  493 words
    • Article, Illustration
      Lock icon Venezuela’s vertical slum may be demolished
      468 21 Squatters living in tower to move to government housing outside the capital Reuters [CARACAS] An abandoned Caracas skyscraper dubbed the world’s tallest shan-ty-town after a squatters’ takeover could be demolished once its inhabitants are out, Venezuela’s leader said on Wednesday. Soldiers and officials began
      Reuters; PHOTO: REUTERS  -  468 words
    • Article
      Lock icon New York City fast losing heritage buildings to developers
      588 21 Rising property value, housing demand to blame Reuters [NEW YORK] Pieces of a ceiling known for its carved neoclassical images of floating angels and windswept women is all that is slated to remain of one of the oldest independent bookstores in
      Reuters  -  588 words
  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      554 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements THE BUSINESS TIMES CLASSIFIED BUY IT SELL IT FIND IT D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D10 HOUSE FOR SALE HENRY PARK 2-Storey Bungalow
      554 words
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      Lock icon Page 20 Advertisements Column 2
      127 20 D13 HOUSE FOR RENT DUNSFOLD DRIVE 5500/ built 7500 sf 2-storey+ basement attic with pool. Modern design. Convenient, amenities International schs. Joyce Yong 9698 0098 DTZ D15 HOUSE FOR RENT 80B MEYER ROAD Cluster bunglw. Built-in 6500 sqft. 2-sty attic basement pool. Available immed. $17.5K. Also for sale. Owner 9863
      127 words
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  • Page 21 Advertisements
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      398 21 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements the business Times CLASSIFIED BUY IT SELL IT FIND IT D03 APARTMENT FOR RENT RIVER PLACE River Place 2 Bedroom Duplex 1970 sqft. Double volume ceilings. Roof garden with Jacuzzi. Minutes to CBD and Orchard. Julian 9177 8312 D04 APARTMENT FOR RENT
      398 words
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      Lock icon Page 21 Advertisements Column 2
      89 21 D22 SHOP FOR SALE VISION EXCHANGE Vision Exchange Medical Suites/ F&B Jurong Gateway Upcoming Commercial Hub! 99 years. No SSD/ ABSD! Call: 9790 2696 Dan Koh, OT D23 FACTORY FOR SALE THE ELITIST BUKIT BATOK $580K (Nett) for Sale, 1012 sf. $592K (Nett) for Sale, 1033 sf. New B1, Office
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  • Article
    Lock icon SHIPPING TIMES
    2126 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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  • Page 22 Advertisements
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      54 22 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping times PLACE YOUR AD HERE The Business Times Shipping Times CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The
      54 words
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  • Page 23 Advertisements
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      53 23 SpotlightAward Wins Recognition Come publicise your Award Wins Recognition, Ship Christenings Delivery of New Builds, Project Completion, Vessel Conversion Refurbishment, and Company Anniversaries. There’s no better way to anchor your company to new opportunities than with an advertisement in the SPH fleet of newspapers. Call Joe Wong at 9620 1327
      53 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4054 24 Transaction date: Jul 24 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 157.5 130.4 AIMSAMP Cap Reit ....................148 +1.5 327
      4,054 words
    • Article
      Lock icon SGX CATALIST
      362 25 52-wks Last Vol Week 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 Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller
      362 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10607 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Aloha Fun «TCI A! Aberdeen Asset Mgt Asia Limited 1.58/ EM Local Ccy Bond Aberdeen Asset Mat Asia Limited Global Emerging Markets!** Asian Local Ccy SD Bond 0.9853/ 2 0909/ China Opportunities Global Emerging
      10,607 words
    • Article
      Lock icon GLOBALQUOTE
      249 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 62 42 AVJennings A55 -2 2 55 55 55 59 3.6 6.4 4.5 203.6 Company 343 224 TanChongInt HK336 +16 141 336 318 324 331 9.7 3.1
      249 words
    • Article
      Lock icon SGX ETF
      1124 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF 116 10 116 116 115.5 116 529.5 135.5 119 CIMB APAC Div 100S$D 134.8 +2.8 0 134.8 134.8 132.9 135.5
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      652 26 Jul 24 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.28 *****.11 *****.14 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****1 Dec14 *****.00 1 ***** MSCI TAIWAN INDEX FUTURES SPOT 344.86 345.41 342.79 Jul14 344.20 344.40 342.70 344.10 4881 *****5 Aug14 341.60 342.10 340.40 341.70
      652 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Jul 23 Index Change Change Change Change Change Change World Preliminary 1247.9 0.2 5.4 0.1 3.6 0.2 5.6 EAFE Preliminary 973.8 0.1 1.8 0.0 0.6 0.2 2.6 Europe Preliminary 1393.8 0.1 2.9
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Jul 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.013 5.849 0.701 7.321 56.749 109.119 0.958 9.711 2.996 1.100 93.133 40.887 1.169 9.939 0.852 28.353 30.056 0.554 0.945 Canada 0.987 5.772
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    • Article
      Lock icon SIBOR
      37 26 Jul 24 (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 6 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      78 26 Jul 24 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-16 101.21 5-Year NX*****W 2.5 01-Jun-19 106.37 10-Year NX*****H 2.750 01-Jul-23 104.09 104.25 104.25 15-Year
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    • Article
      Lock icon PRECIOUS METALS
      120 26 Jul 24 GOLD(US$/oz) Jul 24 Jul 23 Hong Kong 1300.00 1309.00 Jul 23 Jul 22 London 1305.51 1305.42 1306.31 1306.08 Source: Thomson Reuters CAST BAR Jul 24 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 310 256 10gm 577 514
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    • Article
      Lock icon PALM OIL
      57 26 Jul 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2346.0 2342.0 2360.0 2345.0 204 3711 Sep 14 2296.0 2283.0 2314.0 2290.0 1686 ***** Oct 14 2270.0 2255.0 2285.0 2261.0 ***** ***** Nov 14 2269.0 2255.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Jul 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1684 1.1692 0.9444 0.9447 Canadian dollar 1.1531 1.1536 0.9321 0.9321 Euro 1.6664 1.6672 1.3469 1.3471 NZ dollar 1.0623 1.0629 0.8586 0.8588 Sterling pound 2.1076 2.1087 1.7035 1.7039
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 26 Jul 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1201.00 1184.00 1204.75 1181.75 Sep 14 1101.75 1085.00 1102.75 1084.50 Nov 14 1076.50 1057.75 1077.50 1055.00 Jan 15 1083.75 1065.75 1084.25 1063.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14
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    • Article
      Lock icon LIFFE
      95 26 Jul 23 COCOA (£/tonne) Close Prev High Low Sep 14 1988 1958 1996 1954 Dec 14 1938 1925 1950 1920 Mar 15 1915 1910 1925 1901 May 15 1899 1898 1909 1892 COFFEE(US$/tonne) Close Prev High Low Jul 14 1999 1998 2002 1982 Sep 14 1994 1993 1998 1968
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      991 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.1 8 0.3 1 -57 3.87 48 Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Prem Ascendas REIT MB eCW*****3 2.2 100 0.2 230 4 Asiatic Grp(Hldgs)
      991 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Jul 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.85 0.35 WTI (Near Mth) 106.75 2.59 Dubai (1-Mth F) 104.61 -0.98 Tapis blend 109.67 -0.40 Minas 105.47 -0.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.94 -0.67 Jet Kerosene 117.80 -0.55 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Jul 24 S$ Bid Offer 1-month 1.2372 1.2376 2-months 1.2372 1.2376 3-months 1.2371 1.2376 6-months 1.2370 1.2374 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 26 Jul-23 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1996.50 2024.75 3 months 2016.00 2043.00 Copper, Grade A(US$/tonne) Cash 7039.75 7037.50 3 months 7045.00 7040.00 Lead(US$/tonne) Cash 2191.25 2201.50 3 months 2206.50 2216.50 Nickel (US$/tonne) Cash *****.00 *****.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 26 As at 9am Jul 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.195 1.139 Can dollar 1.174 1.129 Euro 1.704 1.623 Sterling pound 2.147 2.065 NZ dollar 1.090 1.049 US dollar 1.262 1.202 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      161 26 Jul 24 $S Offer Bid 0vernight 0.08 0.03 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.06 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • executive lifestyle
    • Article, Illustration
      Lock icon And they lived politically correctly ever after
      844 27  -  OFF THE CUFF Jaime Ee I N THE interest of social harmony and to soothe ruffled feathers over the children’s story And Tango Makes Three being labelled as unsavoury toddler literature, we have come up with a compromise. The following is a politically
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    • Article, Illustration
      Lock icon Directing the write stuff
      1305 27  -  Four local filmmakers move out of their comfort zones to adapt local literature into short films, reconnecting with their roots in the process on Utter 2014 the prelude to this year’s Singapore Writers Festival. DYLAN TANreports TANreports DYLAN TANreports dylantan@sph.com.sg @DylanTanSYBT SINGAPORE might not have a
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    • CINEMA
      • Article, Illustration
        Lock icon What do you get when you mix WWE with Greek mythology?
        599 28  -  A heroic demi-god reinvented as muscle for hire, fighting not for glory but for gold, saysGEOFFREY GEOFFREY EU WHAT do you do with a legend like Hercules? Why, make movies, of course lots of them. After various incarnations over
        599 words
      • Article, Illustration
        Lock icon Shortchanged by an A-list cast
        539 28  -  By GEOFFREY EU A PRETTY gypsy woman (Moran Atias) walks into a neighbourhood bar in Rome and strikes up a conversation with an American businessman (Adrien Brody) of questionable morals. When she mysteriously loses a large sum of money from her bag, he agrees to
        PHOTO: AFP  -  539 words
      • Article, Illustration
        Lock icon Culture shock inspired this rom-com
        472 28  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT THE friction between locals and migrants can sometimes get quite heated but writer-director Hsieh Chun-Yi has found a way to defuse the tension –by injecting a dose of humour and a dash of romance. It might not immediately bring world
        472 words
      • Article, Illustration
        Lock icon Looking for love
        523 28  -  By GEOFFREY EU KRISTEN Wiig is not an actress one would normally associate with a serious dramatic role especially after her hilarious performance in Bridesmaids but then again, her brand of comedy is not all that far removed from tragedy. The characters she inhabits, whether in comic
        523 words
    • MUSIC/ARTS
      • Article, Illustration
        Lock icon Headbang your way back to the exhilarating Eighties
        692 29  -  Jukebox musical features classic songs from bands of that era, reportsDYLAN DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT REMEMBERthe Eighties when it was okay to wear denim elsew h ere on your body besides your legs; rock stars had bigger hairdos than their groupies; and
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      • Article, Illustration
        Lock icon Game to just horse around
        682 29  -  By GEORGINE VERANO gverano@sph.com.sg WORLD-ACCLAIMED equestrian show Cavalia is getting ready to take you for a ride, with sets and performers that are bigger than anything you have seen yet. As Normand Latourelle, creator of Cavalia, and his son Matthieu raise the Big Top of
        682 words
      • Article, Illustration
        Lock icon Design Film Festival coming in September
        589 29  -  By TAY SUAN CHIANG By taysc@sph.com.sg @TaySuanChiangBT REGARDLESS of whether you are a film or design buff, do keep yourself available in early September, as A Design Film Festival (DFF) makes a return. The festival features screenings of a curated collection of 12 films,
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    • ARTS
      • Article, Illustration
        Lock icon Night Festival unveils its nocturnal spectacles
        660 30  -  Giant musical harp, strange trees with faces of gods, and bird-like dancers are among its highlights. HELMI YUSOF reports YUSOFreports HELMI YUSOFreports helmi@sph.com.sg @HelmiBT A MASSIVE harp with strings stretching all the way from the pillars of the National Museum of Singapore to its
        660 words
      • Article, Illustration
        Lock icon Editioned artworks: To buy or not to buy?
        627 30  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT ARE editioned works a good investment? According to some gallerists here, editioned works or artworks that appear in multiples, such as prints are not popular among Asian collectors because they’re perceived to be less valuable and exclusive
        627 words
      • Article, Illustration
        Lock icon Butterfly’s pure visual poetry
        586 30  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT THERE is power and purity in the way deaf artist Ramesh Meyyappan creates his plays. Using no words and few props, Meyyappan and his actors rely on literal, mimetic and symbolic gestures to conjure complex, layered stories. At times, his masterful
        586 words
    • ARTS/PURSUITS
      • Article, Illustration
        Lock icon Remembering a Renaissance man
        756 31  -  A retrospective throws light on a forgotten writer, publisher and arts impresario, reports reports CHEAH UI-HOON uihoon@sph.com.sg HE published the first biography on Lee Kuan Yew by Alex Josey, and Mahathir Mohamad’s controversial book, The Malay Dilemma. Despite these two former prime ministers of Singapore and
        756 words
      • Article, Illustration
        Lock icon LAwards to find new culinary stars
        569 31  -  By GEORGINE VERANO By gverano@sph.com.sg WHY build sandcastles in the air when you can build a solid foundation on the ground? Such is the mantra of the Les Amis group, which is sinking money into a foundation of local talent through a culinary challenge.
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      • Around Town
        • Article, Illustration
          Lock icon Pick of the week
          211 31 Our People, Our Home: Young artists from the Little Arts Academy supported by The Business Times Budding Artists Fund (BT BAF) will be coming together to share their passion for art, all the while sticking with this year’s National Day Parade theme of Our People, Our
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        • Article
          Lock icon Dining
          127 31 Nutopia: The alternative dining event takes on the theme of Haute Couture Contemporary Fashion in its fourth year. Inspired by world-renowned designers, the menu will feature 11 courses, canapes and art installations, all with the goal of creating a dining experience around fashion and food. This event will bring
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        • Article
          Lock icon Exhibitions
          116 31 A Tale Of Two Rivers: A new solo art exhibition, A Tale of Two Rivers, features 18 paintings by local visual artist Low Hai Hong, who has been in the art industry for about 50 years. Each work showcases the unusual method of painting oils on Chinese rice paper,
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        • Article
          Lock icon Theatre
          128 31  -  Compiled by GEORGINE VERANO gverano@sph.com.sg Innamorati: A brand-new, original Mandarin musical, Innamorati is inspired by personal stories of seven passionate singers of the 21st century. Set to be Toy Factory Production’s highlight performance for 2014, the musical draws inspiration from both current and past sources, and marks the debut
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      • Article, Illustration
        Lock icon Appetite for more Nanta (Cookin’)
        398 31  -  By DEBBIE YONG debyong@sph.com.sg @DebbieYongBT MUM was probably right when she told you not to play with your food because it can lead to some dangerously rib-crackin’ good fun. All two hours of it. So it was when the all-Korean cast of Nanta (Cookin’) staged
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    • WINE
      • Article, Illustration
        Lock icon Burgundy at its best, and on a budget
        1130 32  -  Despite rising prices and scarcity, it is still possible to find good, enjoyable red and white Burgundy at affordable prices, says NK YONG WITH today’s escalating prices coupled with the scarcity of Burgundy, the most sought-after wine today, the oft-asked question is:
        PHOTO: BLOOMBERG  -  1,130 words
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      186 29 ST 0 'ERTl Seminar Showcase 2014 Singapore Malaysia r; ,1111 I I f iP Raffles City Convention Centre, Stamford Ballroom Level 4 Sunday, 31 August 2014 8.30am 5.00pm SEMINAR TOPICS SPEAKERS Private Residential Market in 2H2014 to 2015 Is further price cut expected? Alan Cheong Senior Director (Research Consultancy), Savills
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  • Page 30 Miscellaneous
    • Miscellaneous
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      338 30 CRYPTIC CROSSWORD Across 1 Sheet anchor (11) 7 Austere type left out of a second eleven based in Glasgow (7) 8 I arrive looking untidy in holiday area (7) 10 Time’s no good for holding in desire (8) 11 Sharpness shown by doctor —one deals with a lot of rubbish
      338 words
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      208 32 TRANSTHERM State-of-the-Art Wine Cellars www.transtherm.com 2 Orchard Turn, Singapore *****1 Tel: +65 *****228 Open Daily: 10am 10pm ionorchard.com i r V I i J r i n From left. Ana Emillia in skinny jeans, Calvin Klein Jeans. PetrAndrysek in slim fit jeans, Calvin Klein Jeans. Shiya Zhao in skinny jeans,
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