The Business Times, 29 July 2014
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2014-07-29
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The Business Times
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Title Section25 2014-07-29 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, July 29, 201425 words
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Article, Illustration1132 2014-07-29 1 CAI HAOXIANG - Second half of year likely to be stronger than first; momentum could carry into 2015 By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT [SINGAPORE] After a slow start to the year, a sunnier outlook for new listings in the second half of the year will see1,132 words
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MARKETS DIGEST
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Article49 2014-07-29 1 Monday Change ST INDEX Closed KL COMP Closed NIKKEI 225 15,529.40 +71.53 HANG SENG 24,428.63 +212.62 SET INDEX 1,538.13 -5.72 JAKARTA COMP Closed MANILA COMP 6,850.47 -39.08 SEOUL COMP 2,048.81 +14.96 SHENZHEN B 923.60 +11.70 MUMBAI IND 25,991.23 -135.52 11.30am EDT Change DOW 16,936.47 -24.10 NASDAQ 4,435.35 -14.2149 words
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Article22 2014-07-29 1 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.214 TAIWAN BRITAIN JAPAN US KOREA CANADA BRITAIN 0.50 us Source: Bloomberg22 words
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Article49 2014-07-29 1 US$ S$ US$ (S$ per US$) 1.242 (US$/S$ per 1.697 2.107 EURO (US$/S$/E) 1.345 1.670 Foreign currency per US$ S$ YEN 101.90 82.10 RM 3.176 2.558 HK$ 7.750 6.242 BAHT 32.86 25.66 RUPIAH 11,557 9,308 RENMINBI 6.191 4.986 INDIAN RUPEE 60.08 48.39 A$ 1.063 0.856 NZ$ 1.169 0.94249 words
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435 2014-07-29 1 TEH SHI NING - Govt awaiting KL’s confirmation of new toll charges expected to begin this Friday By TEH SHI NING tshining@sph.com.sg @TehShiNingBT [SINGAPORE] Singapore could introduce a new Causeway toll and raise current toll charges too, if reports that Malaysia intends to do435 words
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Page 1 Advertisements
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Advertisement111 2014-07-29 1 SME Inc Security solutions for lease FUJIFILM Where the future comes in many hues PAGE 2 BUILDING A NATION A three-decade transformation COMMENTARY Capital raisings: pain or gain? PAGE 6 PAGE 7 PAGE 9 RICHARD IVIILLE A RACING MACHINE ON THE WRIST u V CALIBER RM 055 BUBBA WATSON BOUTIQUE111 words
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TOP STORIES
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Article, Illustration536 2014-07-29 2 LEE U-WEN - Lack of new draws, World Cup blamed for 1 st monthly revenue fall in 5 yrs By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] After a sizzling start to the year, Macau saw its fortunes take a nosedive in June as the world’s casino capital experiencedPHOTOS: REUTERS, BLOOMBERG - 536 words
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Article, Illustration847 2014-07-29 2 TEH SHI NING - It has gone into life sciences, healthcare, cosmetics sectors By TEH SHI NING tshining@sph.com.sg @TehShiNingBT [SINGAPORE] The story of Japan’s Fujifilm how the company not only survived, but thrived as its once mar-ket-leading rival Kodak fell into bankruptcy is now standard farePHOTO: ARTHUR LEE - 847 words
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Article, Illustration592 2014-07-29 2 Credit availability, slow wage growth reasons for the drop US DATA Bloom berg Reuters [WASHINGTON] Fewer Americans than forecast signed contracts to buy previously owned homes last month, a sign residential real estate is struggling to strengthen. The index of pending homeBloomberg; Reuters - 592 words
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Article510 2014-07-29 2 Coming: Slew of IPOs as sentiment improves AFTER a slow start to the year, a sunnier outlook for new listings in the second half will see a swathe of companies raising funds from Singapore investors. FRONT PAGE LTA: S’pore will match any Causeway toll change SINGAPORE could raise510 words
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523 2014-07-29 4 It’s a violation of international law given that Ukraine is now in civil war MH17 CRASH AFP [SHAKHTARSK, Ukraine] The downing of Malaysia Airlines Flight MH17 may constitute a war crime, the United Nations said yesterday, as explosions and fighting blocked aAFP - 523 words
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Article, Illustration854 2014-07-29 4 RAPHAEL LIM - E-taxi systems could save airlines millions in their oil bills soon By RAPHAEL LIM raphlim@sph.com.sg [SINGAPORE] Airplanes have progressed from wooden propellers to supersonic jets in the last century. But over the years, surprisingly little has changed in their efficiency on land. Jet engines burn some854 words
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Page 3 Advertisements
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Advertisement199 2014-07-29 3 ,*~g A TEST DRIVE IS ALL IT TAKES TO TURN DRIVERS INTO FANS. EXPERIENCE THE ESSENCE OF LUXURY WITH THE LEXUS ES, The world's best-selling Lexus sedan, the Lexus ES, is designed to captivate drivers and passengers like never before. From its ergonomically designed seats to the distinctive hand-stitched dashboard199 words
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Page 4 Advertisements
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Advertisement74 2014-07-29 4 Fine Diners Eat, drink and be merry with Hsueh Yun and Ah Yoke hey tell you where to go for a great meal. Read their revi in Life!, SundayLife! and in the SoShiok app. f'M k j/ r Tan Hsueh Yun Food Editor Wong Ah Yoke Food Critic iJl H74 words
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COMPANY NEWS
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Article, Illustration1027 2014-07-29 5 ANDREA SOH - Company has made announcements related to exploration and mining in Xinjiang By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT Singxin owns 70 per cent of a China company with mining rights, through which it will be able to explore three concessions in Xinjiang. The move allows Manhattan toPHOTO: YEN MENG JIIN - 1,027 words
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Article, Illustration329 2014-07-29 5 THE breathtaking Singapore landscape, featured last week in a celebrated sketch by British architectural artist and savant Stephen Wiltshire, is a sight to behold. The urban backdrop of the city nation, which is ranked as one of the most liveable cities in the word, did not take shape329 words
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Article888 2014-07-29 6 LEE MEIXIAN - HOCK LOCK SIEW By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT CAPITAL raisings are often a point of controversy for minority shareholders, especially when they result in trimmed distributions for them at the end of the reporting period. So it was not surprising that the topic of Ascott888 words
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Article1589 2014-07-29 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 3 9.95 14.93 1.57 1.49 Amtek Engineering Ltd 3.00 3.00 2 0.05 10.48 0.56 0.64 ARA Asset Management Ltd 2.401,589 words
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Article77 2014-07-29 6 Jul 25 VALUE CLOSE BT OB/OS 108.00 +4.00 BT CADI -*****.00 -5.00 BT 10-day MA -*****.00 +11.00 FTSE ST Mid Cap 784.83 -0.60 FTSE ST Small Cap 568.33 -0.34 FTSE ST All Share 816.11 -0.83 FTSE ST China Top 200.82 -0.43 FTSE ST China 229.48 -0.25 FTSE77 words
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Article57 2014-07-29 6 VOLUME Jaya 451,785,000 Spackman 324,421,000 SIIC Environment 296,005,000 APAC Strategic 274,273,000 IHC 228,485,000 Memstar Tech 204,194,000 Blumont 176,907,000 MDR 175,386,000 China Fibretech 147,060,000 Golden Agri-Res 139,581,000 VALUE($) DBS Grp 382,688,482 UOB 182,763,366 SingTel 161,437,620 Spackman 149,234,580 Wilmar Intl 132,866,588 CapitaLand 122,871,434 OCBC Bank 120,883,885 Global Logistic 113,475,65057 words
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Article119 2014-07-29 6 BY CENTS CLOSE UP IS S&P500 ***** 465.5 1.9 SPDRS S&P 500 10US$ ***** 320.3 1.3 DBXT Nifty 10US$ ***** 286.8 1.8 Lyxor ThaiSET 10US$ ***** 234.6 1.4 DBXT FTChina25 10US$ 3189 202.4 5.4 DBXT MSEurope 10US$ 6269 125.4 1.6 DBXT MSAsExJp 10US$ 3719 108.0 2.4 DBXT E50 10US$119 words
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Article129 2014-07-29 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -196.1 -1.3 DBXT iBoxxSvEu 5US$ ***** -165.1 -0.5 DBXT EONIA 5US$ ***** -151.5 -0.6 DBXT STGLDv100 10US$ 3377 -150.2 -3.5 UOB.ES.1407 2356 -57.0 -2.4 Hyflux 6% CPS 10 ***** -50.0 -0.5 JMH 400 USD 5934 -49.7 -0.7 DBXT S&P Short 10US$ 2358129 words
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Article, Illustration529 2014-07-29 6 The metal continues decline after two weeks of falls; silver also down but platinum prices gain Bloomberg [SINGAPORE] Gold fell after the first back-to-back weekly declines since May as investors weighed the situation in Russia and Gaza with the health of theBloomberg; PHOTO: BLOOMBERG - 529 words
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Page 5 Advertisements
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Advertisement300 2014-07-29 5 ASUS recommends Windows. Free 3 Years On-Site Service Upgrade! Enjoy a free upgrade to 3 years next business day on-site warranty (worthS$349)! *FOR LIMITED PERIOD ONLY! Business Notebooks Premium Performance with Total Data Protection Trusted Platform Module (TPM) 3X Hard Disk Protection Fingerprint Reader PU301LA-RO049G Intel® CoreTM i5-4200U Processor 3M300 words
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BUILDING A NATION: THE EARLY YEARS
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Article, Illustration2083 2014-07-29 7 MINT KANG - The people behind this transformation tell MINT KANG how S’pore went from a state of squalor to a liveable and sustainable city MINT KANG SAFETY; cleanliness; mobility; spaciousness; connectivity; equity. These, said former minister mentor Lee Kuan Yew in a 2013 interview with the Centre for LiveableFILE PHOTO - 2,083 words
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Article, Illustration329 2014-07-29 7 IN any story of modern Singapore, the port cannot be ignored. The city of Singapore was built around the port, and in the 1960s and 1970s, the port was still a key driver of Singapore's economy. Even as urbanisation went full speed, it wasPHOTO: PSA - 329 words
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Page 7 Advertisements
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Advertisement101 2014-07-29 7 "WHY CAN'T WE PUT ENERGY TO SLEEP AT NIGHT?" At Hitachi, we're inspired by challenging questions. That's why we've taken a different approach to help cities face the growing demand for energy. We're committed to finding integrated solutions that not only optimise consumption but contribute to a stable energy supply101 words
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SINGAPORE NEWS
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Article, Illustration461 2014-07-29 8 JAMIE LEE - S’pore businesses not capitalising on benefits, says OCBC senior executive By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT FEW Singapore companies have set up shop and tapped into the benefits offered at the Shanghai Free Trade Zone (SFTZ), a senior executive at OCBC said.461 words
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Article1152 2014-07-29 8 Payment Ex Rec Pay Ann (cts) date date date date AIMS Property Sec Fund ag 0.017 26-Jun 30-Jun 19-Sep 23-Jun Ascott Residence Trust (1 Jan to 30 Jun 14) ag 3.937 29-Jul 31-Jul 25-Aug 22-Jul Ban Leong ak 1.000 31-Jul 04-Aug 14-Aug 27-May Boustead ak 3.000 31-Jul 04-Aug1,152 words
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340 2014-07-29 8 AMANDA EBER - By AMANDA EBER aeber@sph.com.sg ALTHOUGH Singapore has neither the land nor the climate for rearing cows, it remains a strategically important location in the long term, says Edgar Collins, managing director of Aust- Asia Investment Holdings, producer of the Greenfields brand340 words
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Article277 2014-07-29 8 Jul 25 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd Bank of China Limited 5.50 Bank of Communications ...6.00 ...5.50 Bank of Taiwan ...5.50 Bank of Tokyo-Mitsubishi ...5.75 Banque Internationale a ...5.50 Barclays Bank PLC ...6.00 Bank of Tokyo-Mitsubishi Chang277 words
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Article765 2014-07-29 8 COMPANY MEETING PLACE DATE TIME Armarda Grp Ltd A Ficus 1 (Level 2) Jurong Country Club 9 Science Centre Road 29-Jul 10.00am Chasen Hldgs A Raffles Lounge (Level 2) Raffles Country Club 450 Jalan Ahmad Ibrahim 29-Jul 11.00am Hiap Seng Engg A Conference Room 28 Tuas Crescent 29-Jul765 words
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Page 8 Advertisements
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Advertisement245 2014-07-29 8 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. How245 words
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Advertisement31 2014-07-29 8 3 If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Need a room flat?31 words
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SME Inc
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Article, Illustration1010 2014-07-29 9 reportsRAPHAEL LIM - IPS Securex, a supplier of general and homeland security products aims to change the mindset of purchasing as a first option, reports RAPHAEL LIM reportsRAPHAEL reportsRAPHAEL LIM FOR many companies looking to obtain general security solutions such as CCTV cameras, access control points or baggageLIANHE ZAOBAO FILE PHOTO - 1,010 words
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Article, Illustration1031 2014-07-29 9 NG ENG JUAN - VIEW FROM AN NTU PROFESSOR By NG ENG JUAN The writer is an associate professor in Accounting at NTU’s Nanyang Business School ASSUME that an entity buys a piece of asset at a cost of S$100 in year 1, re-mea-sures it to S$120FILE PHOTO - 1,031 words
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MALAYSIA/INDONESIA
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423 2014-07-29 10 Land Public Transport Commission working on a draft, says chief exec [KUALA LUMPUR] The Malaysian government is considering setting up a separate entity to oversee the development of areas located along the proposed high-speed rail (HSR) project between Kuala Lumpur and423 words
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Article, Illustration406 2014-07-29 10 Bloomberg [JAKARTA] Freeport-McMo-Ran Inc will resume full operations at its curtailed Grasberg copper operation, the world’s third-largest, and plans to restart exports from Indonesia next month after resolving a dispute with the government. Indonesia issued an export permit for Freeport’s local unit,Bloomberg; AFP FILE PHOTO - 406 words
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Article1342 2014-07-29 10 VOL Jul 25 RM +/-(‘000) Abric Bhd ('000) Advance Synerg 0.22 0.01 1167 Adventa Bhd 0.02 Ae Multi Hldgs 0.21 -0.01 161 Affin Holdings 3.52 unch 182 Ahmad Zaki Res -0.03 Airasia Bhd Advance Synerg Alliance Finan 4.99 -0.05 495 Aluminium Co 1167 Amalgamated In 1.04 Amcorp Pro1,342 words
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470 2014-07-29 10 Energy Commission says 1MDB bids purely speculative [KUALA LUMPUR] The Energy Commission (EC) has dismissed speculation that 1Malaysia Development Bhd (1MDB), a wholly owned company set up by the Government of Malaysia to drive strategic initiatives for long-term economic development for470 words
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Page 10 Advertisements
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Advertisement272 2014-07-29 10 The Business Times notices Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices Industrial Government Land Sales: Land Parcels at Tuas Bay Close and Tuas South Street SUBJECT SITE Was south street PLOT 44 /T/assouth SISEet IDAS SOUTH street Site Information Tuas Bay Close Location Land Area Tenure GPR Zoning Project Completion Period272 words
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CHINA
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Article, Illustration1188 2014-07-29 11 Authorities encourage fishermen to sail to disputed areas for new fishing grounds Reuters [TANMEN, China] On China’s southern Hainan island, a fishing boat captain shows a Reuters reporter around his ageing vessel. He has one high-tech piece of kit, however: a satellite navigationReuters; PHOTO: REUTERS - 1,188 words
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Page 11 Advertisements
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Advertisement532 2014-07-29 11 t/ie Aw/v/ W Prominent Category 7 Mark Joko Health Management Clinic Pte Ltd SINGAPORE QUALITY BRANDS Exclusive Categoiy Swensen Swennie LLP Platinum Category Chaitime Pte Ltd CS Travel Pte Ltd Eurosense eClarity Pte Ltd Wah Chan Consolidated Pte Ltd Glen Iris Inti Pte Ltd Global Art Consultancy Pte Ltd Gold532 words
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CHINA/INDIA
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Article, Illustration804 2014-07-29 12 Asset managers welcome central bank move to raise investment caps Bloomberg [MUMBAI] Global holdings of Indian bonds will climb to a record in the coming month after the nation eased investment rules, Barclays plc and Nomura Holdings predict. Overseas ownershipBloomberg - 804 words
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626 2014-07-29 12 Rare-earth magnets producers seeking to expand exports Bloomberg [SHANGHAI] Some Chinese producers of rare-earth magnets are seeking to use this month’s expiry of a key patent held by Hitachi Metals Ltd to expand exports of the micro magnets used in products fromBloomberg - 626 words
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Article, Illustration709 2014-07-29 12 CHEW CHANG HUI - A special feature presented to you by s STPROPEffTpo WRITTEN BY CHEW CHANG HUI *Source: NetRatings As cooling measures curb enthusiasm in local property, investors are turning their eyes across the Causeway. Investing in Malaysian property remains affordable for Singaporeans due*Source: NetRatings - 709 words
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Page 12 Advertisements
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Advertisement106 2014-07-29 12 STProperty, a product of Singapore Press Holdings, is the fastest growing property portal in Singapore. It has quickly become the go-to website For real estate professionals and home-owners looking to buy, sell or rent property. Conceptualised as a one-stop property services suite, STProperty is equipped with comprehensive resources such as106 words
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WORLD
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795 2014-07-29 13 Teheran sells higher quality, cheaper oil to China, leaving little room for US crude Reuters [SINGAPORE] The United States faces an awkward rival in its first attempts in 40 years to export crude oil Iran. Iran, whose economy has been throttled byReuters - 795 words
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Article, Illustration447 2014-07-29 13 Environmentalists warn of threat to Great Barrier Reef AFP [SYDNEY] Australia has approved a massive coal mine that could ultimately provide electricity for up to 100 million Indians, angering environmentalists who warned yesterday it may threaten the Great Barrier Reef. Environment Minister Greg HuntAFP; FILE PHOTO - 447 words
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313 2014-07-29 13 NYT [NEW YORK] Hospira, a Midwestern pharmaceutical and medical device maker, is in talks to pay about US$5 billion for the medical nutrition business of the French consumer group Danone, a source said. The deal, if completed, would allow Hospira toNYT - 313 words
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361 2014-07-29 13 Reuters [DUBLIN] Ireland, one of the biggest hubs for funds in Europe, will allow hedge funds based in the country to lend to companies under new rules drawn up by the central bank, the bank said. With banks in Europe still reducing theirReuters - 361 words
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Article, Illustration956 2014-07-29 14 Deutsche, Paribas may be hit as ECB audits illiquid assets such as derivatives Bloomberg [FRANKFURT] Deutsche Bank and BNP Paribas, which hold almost half of the hard-to-value assets on the books of the euro area’s 10 biggest banks, are facingBloomberg; PHOTOS: REUTERS - 956 words
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203 2014-07-29 14 Reuters [NEW YORK] JPMorgan Chase Co executives have faced regulators’ questions on whether private bank advisers guide clents to buy the firm’s own financial products, according to a report in the Wall Street Journal. As a result of the questioning regarding potentialReuters - 203 words
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808 2014-07-29 14 They can contribute part of the 837m Swiss francs needed Bloomberg [GENEVA] Geneva’s private banks could burnish their image by helping to fix leaky roofs and remove asbestos from their hometown’s United Nations buildings, according to Michael Moller, who’s in charge ofBloomberg - 808 words
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952 2014-07-29 14 Stakes high for US agency as it faces big-name opponents Reuters [WASHINGTON] The US federal agency regulating derivatives has fought just three trials since 2011, all against small-time fraudsters in Florida. Now it is poised to take on a series ofReuters - 952 words
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Article, Illustration1189 2014-07-29 15 Irish, British, Dutch law firms pitching benefits of inversion to avoid US taxes Reuters [NEW YORK] A series of European law firms are aggressively pitching low corporate taxes in their countries to prospective US clients, seeking to tap into the tax inversionReuters; PHOTO: BLOOMBERG - 1,189 words
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Article, Illustration741 2014-07-29 15 Many offshore deals are tax-motivated: ex-Treasury lawyer Bloomberg [WASHINGTON] The US Treasury Department should use immediate stop-gap regulations to make offshore transactions known as corporate inversions less lucrative, said the department’s former top international tax lawyer. The administration can unilaterally limit inverted companies fromBloomberg; PHOTO: AFP - 741 words
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Article, Illustration644 2014-07-29 15 Country is trying to become destination for shale investment NYT [LONDON] The British government plans to make more land available for licensing for oil and natural gas exploration in the first such expansion since 2008. The move, which had been anticipatedNYT; REUTERS - 644 words
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964 2014-07-29 16 Returns on days after US index fell have averaged 0.13% starting 2013, the highest since 2009 Bloomberg [NEW YORK] Not since the bull market began has buying dips in the Standard Poor’s 500 (S&P 500) Index been a surer wayBloomberg - 964 words
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Article, Illustration528 2014-07-29 16 Bloomberg [LONDON] The first Tour de France victory of Astana rider Vincenzo Nibali may boost foreign direct investment in team sponsor Kazakhstan, its central bank chairman said. Nibali became the first Italian to win the threeweek cycling race since Marco PantaniBloomberg; PHOTO: AFP - 528 words
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Article, Illustration1053 2014-07-29 16 With huge sums in play, sponsors are not keen on reforms NYT [FRANKFURT] Sponsors were unusually vocal after the latest accusations of corruption at Fifa, the organiser of the World Cup, surfaced just before the football tournament began in June.NYT; PHOTO: REUTERS - 1,053 words
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628 2014-07-29 16 WP [BERLIN] An unemployed architect back in Barcelona, Jordi Colombi weighed his options and decided to start a new life. Armed with two suitcases and a Span-ish-omelette recipe to feed his homesickness, he arrived two months ago in the land of opportunity. In theWP - 628 words
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Article, Illustration745 2014-07-29 17 Beneficiary GML welcomes award but Moscow vows to contest ruling Reuters [MOSCOW] The Hague’s arbitration court ruled yesterday that Russia must pay a group of shareholders in defunct oil giant Yukos around US$50 billion for expropriating its assets, a big hitReuters; PHOTOS: AFP, BLOOMBERG - 745 words
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364 2014-07-29 17 Reuters Bloomberg [MADRID] Spain’s Bankia said yesterday its sec-ond-quarter net profit nearly doubled from a year ago, with lending revenue rising more than expected as the outlook brightens for the bailed-out bank and the rest of the sector. Bankia, which is aboutReuters; Bloomberg - 364 words
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304 2014-07-29 17 Prosecutors allege four bankers sold the region contracts that hurt its public finances Bloomberg [MILAN] Police in Italy seized 104 million euros (US$140 million or S$174 million) from Nomura Holding, accusing the bank of defrauding the region of Sicily with complex financialBloomberg - 304 words
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288 2014-07-29 17 Reuters [LOS ANGELES] Tyson Foods, the biggest US meat processor, says it will sell its Mexican and Brazilian poultry businesses to JBS SA, the world’s No 1 meat producer, for US$575 million. Tyson also reported a 4.4 per cent increase inReuters - 288 words
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575 2014-07-29 17 Lloyds to pay £21 8m in fines to regulators Penalty for Libor rigging is less than what Barclays paid Bloomberg [LONDON] Lloyds Banking Group, bailed out by British taxpayers during the financial crisis, will pay £218 million (S$460 million) in fines to UK and US regulators after manipulating benchmark interestBloomberg - 575 words
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642 2014-07-29 17 Bloomberg [LONDON] Currency traders are detecting the first signs of what they’ve been waiting for all year: a revival in volatility that may help trim their losses. Tensions in Ukraine and Gaza, together with inter-est-rate increases from New Zealand toBloomberg - 642 words
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Page 13 Advertisements
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Advertisement9 2014-07-29 13 www.omy.sg Buzz Talk si V HM&hS lri > L-i news.omy.sg9 words
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Advertisement66 2014-07-29 13 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,66 words
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Advertisement83 2014-07-29 13 August 30, 2014 (Saturday) 9am-6pm Suntec Singapore Convention Exhibition Centre, Rooms 300-302 Findout thecommon conditionsthat affectwomen today,andlearnhowto takepreventive measures soyoucanleadalonger, healthierlife. REGISTRATION FEES (inclusive of light refreshments) GET20 PER CENT OFF! REGULAR PRICE FOR ONE SESSION: $29 a person, $50 for two people REGULAR PRICE FOR TWO SESSIONS: $50 a83 words
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Advertisement596 2014-07-29 13 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP 50) AND IN THE MATTER OF IVOCLAR VIVADENT PTE. LTD. Company Regn No: *****3030M At an Extraordinary General Meeting of the Company held at Bendererstrasse 2, 9494 Schaan, Liechtenstein on 22 July 2014, the following Resolutions were duly596 words
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Page 15 Advertisements
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Advertisement210 2014-07-29 15 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YUDENG EXPRESSWAY PTE. LTD. (COMPANY REGISTRATION NO.: *****9772C) (IN MEMBER’S VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the210 words
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Advertisement206 2014-07-29 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YUEXI HIGHWAY PTE. LTD. (COMPANY REGISTRATION NO.: *****9767D) (IN MEMBER’S VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Member206 words
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Advertisement206 2014-07-29 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YUSHAO EXPRESSWAY PTE. LTD. (COMPANY REGISTRATION NO.: *****9780M) (IN MEMBER’S VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Member206 words
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EDITORIAL & OPINION
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Article508 2014-07-29 18 EDITORIAL SINCE running for office in 2008, US President Barack Obama has insisted that he would bring to an end the American military intervention in Iraq and Afghanistan and re-focus his time and energy on “nation building” at home while leading “from behind” in508 words
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Article, Illustration841 2014-07-29 18 PAUL KRUGMAN - THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT IN recent decisions, the conservative majority on the Supreme Court has madeNYT - 841 words
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Article, Illustration1329 2014-07-29 18 CHONG YEE LEONG, DINESH DHILLON - The Republic is well equipped to fill the choice position of Asia’s arbitration hub By and CHONG YEE LEONG, DINESH DHILLON The writers are partners at Allen Gledhill LLP FOLLOWING the surge of investment and development in Asian countries in recent years, internationalPHOTO: REUTERS - 1,329 words
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Article, Illustration1067 2014-07-29 19 WINTER NIE - By listing the company on NYSE, its current tightly-held management will be allowed to remain firmly in control By WINTER NIE The writer is a professor of operations and service management at IMD. She teaches in Orchestrating Winning Performance, IMD’s flagship programme for individuals andPHOTO: BLOOMBERG; PHOTO: REUTERS - 1,067 words
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Article, Illustration943 2014-07-29 19 EDWARD HADAS - Growth in rich crowded world REUTERS BREAKINGVIEWS By EDWARD HADAS PERKY, productive robots, or nothing more than a few new smartphone apps? Cascading innovation, or just a few tweaks? Economists and technologists are debating what the future holds. Pessimists like Robert Gordon of Northwestern University see decades of slow growthPHOTO: BLOOMBERG - 943 words
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801 2014-07-29 19 LETTER TO THE EDITOR I REFER to the report “Keppel leads the pack in governance and transparency” (BT, July 25) in which I was quoted as posing a question to a panel discussion at the CPA Australia forum, where the results of the latest Governance801 words
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AVIATION/SHIPPING
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416 2014-07-29 20 Carriers can no longer depend on authorities for reliable information AFP [LONDON] The commercial director of Malaysia Airlines has called for a complete overhaul of the way flight paths are deemed safe following the downing of flight MH17 by a suspected missile overAFP - 416 words
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651 2014-07-29 20 Pain, doubt replace sense of security they had earlier AFP [KUALA LUMPUR] Jonathan Takom has been a Malaysia Airlines steward for 16 worry-free years, but after the carrier’s loss of two planes and nearly 30 crew, when he touches down these days hisAFP - 651 words
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Article250 2014-07-29 20 SGX '000 Jul 25 S$ +/-Vol Ch Offshore 0.46 unch 34 Chuan Hup Hldg 0.29 unch 166 Jul 25 Cwt Limited 1.69 -0.02 507 First Ship Lea 0.09 -0.01 111 Grand Banks 0.27 unch 20 Jaya Hold Ltd 0.07 unch ***** K1Ventures 0.21 -0.01 1721 Keppel Corp 11.03250 words
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Article, Illustration1330 2014-07-29 20 Many people go into building and maintaining them NYT [NEW YORK] Dennis Jones was struck by an intriguing coincidence when he took delivery of his custom-built superyacht: The US$34 million he paid for it was equal to the US$34 million he had donatedNYT; PHOTO: BLOOMBERG - 1,330 words
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Page 20 Advertisements
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Advertisement8 2014-07-29 20 IN THE MORNING -WEEKDAYS 6 AM-10AM-D facebook.com/kiss92fm www.kiss92.sg8 words
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Page 20 Miscellaneous
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Miscellaneous337 2014-07-29 20 CRYPTIC CROSSWORD Across 7 Jumble taken from charitable event held in Portuguese resort (7) 9 Small company representative, put on (7) 10 Vitality shown by The Bedroom Philosopher (5) 11 When childish tricks are played in college, one we wrecked (9) 12 Arts venue in Soho area, purely built to337 words
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Article1180 2014-07-29 21 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 THE1,180 words
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Page 21 Advertisements
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Advertisement81 2014-07-29 21 Experienced ship maintenance findyou y r I services services wanted, heremthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I IIL UUJIIVLJJ I IIVILJ Shipping Times Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here81 words
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SINGAPORE STOCKS
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Article4439 2014-07-29 22 Week ended: Jul 25 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol ('000) 13.7 6.7 AIMS Property 13 +0.1 477 13 12.8 13 13.1 1.5 47 157.5 130.4 AIMSAMP4,439 words
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Article651 2014-07-29 23 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 $mil 32.5 23 t 3Cnergy 500 Last Vol 1.9 0.9 t Advanced Systems 1 unch 200 1 1 0.9 1.1 19.5 Last Quote Div Gr651 words
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Article123 2014-07-29 23 Stock name Close Change Ascendas Reit 2.350 CapitaLand 3.330 +0.020 CapitaMall Trust 2.000 +0.005 CityDev 10.540 -0.050 ComfortDelGro 2.620 +0.020 DBS Grp 18.020 -0.010 Genting Sing 1.335 Global Logistic 2.760 Golden Agri-Res 0.545 -0.005 HPH Trust USD 0.745 Stock name Close Change HongkongLand USD 6.720 -0.060123 words
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Article1940 2014-07-29 23 HONG KONG Vol HK$ +/-'000 Jul 28 Aeon Credit HK$ Angang Steel 5.44 0.10 ***** Anhui Conch 29.95 -0.45 8879 Anhuiexpresswa 4.73 unch 288 Asia Satellite 27.45 -0.05 228 Asm Pacific 82.40 -1.50 1173 Avic Ihl Aeon Credit Avic Int'L -0.09 Baiyunshan Ph 24.10 0.55 1590 Bank Of1,940 words
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Article251 2014-07-29 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 62 43 AVJennings A55 -2 6 55 55 55 56 3.6 6.4 4.5 203.6 Last 343 224 TanChongInt HK321 +1 252 336 318 321 327 9.7 3.3251 words
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Article186 2014-07-29 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 4 0 0 0 6 5 4 Manufacturing 92 56 28 18 11 12 110 67 40 Commerce 34 26 15 7 9 4 41 35 19 Tpt/Stor/Comms 24 15 7186 words
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Article1172 2014-07-29 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF 116 +0.2 85 116 115.8 115.6 116 529.5 135.5 119 CIMB APAC Div 100S$D 134.4 +2.1 6 134.8 132 1331,172 words
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Article123 2014-07-29 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 102,377 102,377 231,385 231,385 Manufacturing 1,767,799 350,711 2,118,510 600,289 50,753 651,042 Commerce 329,543 320,350 649,893 351,974 27,917 379,891 Tpt/Stor/Comms 828,719 4,972 833,691 519,825 599 520,424 Finance 108,661 5,564 114,225 744,278 1,769 746,047 Construction 238,971 99,831123 words
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Page 23 Advertisements
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Advertisement26 2014-07-29 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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Article618 2014-07-29 24 Jul 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.98 *****.62 *****.98 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****3 Dec14 *****.00 *****.00 *****.00 *****.00 4 ***** MSCI TAIWAN INDEX FUTURES SPOT 339.91 341.06 338.23 Jul14 340.80 341.30 338.70 339.50 *****8 *****9 Aug14 338.50618 words
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373 2014-07-29 24 In local curr In S$ In US$ dy yr dy yr dy yr Jul 25 Index Change Change Change Change Change Change World Preliminary 1244.7 -0.4 5.1 -0.5 3.4 -0.5 5.2 EAFE Preliminary 974.0 -0.4 1.9 -0.5 0.6 -0.5 2.3 Europe Preliminary 1390.4 -0.8 2.6373 words
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Article471 2014-07-29 24 Jul 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.012 5.822 0.699 7.289 56.510 108.694 0.958 9.649 2.987 1.100 92.813 40.695 1.168 9.907 0.850 28.197 29.969 0.554 0.941 Canada 0.988 5.753471 words
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Article37 2014-07-29 24 Jul 25 (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 Reuters37 words
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Article78 2014-07-29 24 Jul 25 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-16 101.2 5-Year NX*****W 2.5 01-Jun-19 106.21 106.35 106.27 10-Year NX*****H 2.750 01-Jul-23 103.89 104.0078 words
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Article122 2014-07-29 24 Jul 28 GOLD(US$/oz) Jul 28 Jul 25 Hong Kong 1307.00 1297.00 Jul 25 Jul 24 London 1298.66 1289.23 1299.43 1289.97 Source: Thomson Reuters CAST BAR Jul 25 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 310 255 10gm 577 513122 words
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Article57 2014-07-29 24 Jul 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2360.0 2335.0 2361.0 2333.0 750 4075 Sep 14 2312.0 2292.0 2321.0 2290.0 3911 ***** Oct 14 2282.0 2265.0 2294.0 2262.0 ***** ***** Nov 14 2287.0 2264.057 words
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Article155 2014-07-29 24 Jul 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1673 1.1682 0.9403 0.9407 Canadian dollar 1.1534 1.1544 0.9296 0.9291 Euro 1.6698 1.6706 1.3451 1.3453 NZ dollar 1.0614 1.0625 0.8550 0.8556 Sterling pound 2.1064 2.1076 1.6968 1.6972155 words
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Article109 2014-07-29 24 Jul 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1212.25 1207.50 1214.50 1197.75 Sep 14 1113.75 1111.50 1115.50 1098.50 Nov 14 1083.50 1084.75 1087.25 1070.25 Jan 15 1090.25 1091.50 1094.00 1077.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14109 words
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Article95 2014-07-29 24 Jul 25 COCOA (£/tonne) Close Prev High Low Sep 14 1983 1986 1986 1976 Dec 14 1950 1943 1951 1937 Mar 15 1928 1920 1929 1914 May 15 1911 1904 1912 1898 COFFEE(US$/tonne) Close Prev High Low Jul 14 2024 2041 2032 2032 Sep 14 2016 2032 2029 200195 words
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1050 2014-07-29 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.1 8 0.3 1 -57 3.87 48 Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Prem Ascendas REIT MB eCW*****3 2.2 100 0.2 230 4 Asiatic Grp(Hldgs)1,050 words
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Article70 2014-07-29 24 CRUDE OIL PRODUCTS Jul 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.64 0.51 WTI (Near Mth) 101.93 -3.23 Dubai (1-Mth F) 105.09 -0.13 Tapis blend 109.14 -0.97 Minas 104.94 -0.97 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.56 -0.33 Jet Kerosene 118.70 -0.05 US$/barrel OpecOil Basket70 words
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Article22 2014-07-29 24 Jul 25 S$ Bid Offer 1-month 1.2414 1.2418 2-months 1.2414 1.2418 3-months 1.2413 1.2418 6-months 1.2412 1.2416 Source: OCBC22 words
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Article66 2014-07-29 24 Jul-25 Jul-25 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1980.00 2008.25 3 months 1997.00 2026.00 Copper, Grade A(US$/tonne) Cash 7137.00 7179.50 3 months 7125.00 7169.50 Lead(US$/tonne) Cash 2252.25 2220.75 3 months 2267.00 2237.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months66 words
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Article121 2014-07-29 24 As at 9am Jul 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.195 1.139 Can dollar 1.176 1.131 Euro 1.710 1.629 Sterling pound 2.147 2.065 NZ dollar 1.090 1.049 US dollar 1.265 1.205 Local dollars to 100 units of foreign121 words
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Article158 2014-07-29 24 Jul 25 $S Offer Bid 0vernight 0.04 0.02 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.05 US$ 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 12158 words
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PROPERTY
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Article, Illustration1086 2014-07-29 25 Central bank says it is holding fire as risky loans haven’t risen significantly Bloomberg [SYDNEY] Central banks from Scandinavia to the UK to New Zealand are sounding the alarm about soaring mortgage debt and trying to curb risky lending.Bloomberg; PHOTO: BLOOMBERG - 1,086 words
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297 2014-07-29 25 Bloomberg [SYDNEY] National Australia Bank Ltd, the nation’s biggest lender by assets, agreed to sell a £625 million (S$1.3 billion) parcel of mostly non-performing commercial property loans in the UK to an affiliate of Cerberus Global Investors. The sale willBloomberg - 297 words
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334 2014-07-29 25 Reuters [LONDON] Britons are feeling much less positive about buying a house while sentiment toward selling is improving, according to a survey yesterday which added to other suggestions that the housing market is losing a bit of steam. The survey by mortgage lender Halifax showedReuters - 334 words
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Article, Illustration894 2014-07-29 26 It is authorising debt sales for first time in 5 years in bid to avoid bankruptcies Bloom berg [SHANGHAI] China’s government is authorising developer debt sales for the first time in five years in a bid to avoid bankruptcies as the property marketBloomberg; PHOTO: REUTERS - 894 words
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318 2014-07-29 26 AMANDA EBER - By AMANDA EBER aeber@sph.com.sg REAL estate investor and occupier sentiments in Singapore’s commercial property market have fallen slightly from the previous quarter although both remain positive, according to a survey conducted by the Royal Institution of Chartered Surveyors (RICS). The RICS Global Commercial Property318 words
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Advertisement60 2014-07-29 25 HOT PROPERTY ft: Gateway. No SSD/ABSD! 9 Retail/Office/ m top L <? w Quantum f r $8xxk '°P Soon No ARcni Please of F,na PR/MZ WOODLAND* o units. 1163-1294 cf??;. 3 5458 psf. TOP! Near MRt" 19 OFFICE SPACES FOR SALE Check this and many other properties in The Straits60 words
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Advertisement13 2014-07-29 25 New homesales in theseventh lunarmonth To subscribe, call 6388-3838 or go to sphsubscription.com.sg13 words
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Advertisement248 2014-07-29 25 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST248 words
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Advertisement118 2014-07-29 26 A dynamic city A bank renowned for innovation 50 remarkable years in Singapore ip KM. a r j if*: ill >/ 1 A ;y ss bl E mm. ■aa ..Ijiairsss^sss?^*; 5^V .-.^a From transport to property to commodities, J.P. Morgan has been at the forefront of many pioneering deals that118 words
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